Kotak Mahindra Mutual Fund launches Kotak Floating Rate Fund

Mutual Fund
May 9, 2019 by Advisorkhoj Team | Mutual Fund | 2 Downloaded

NFO period: 09th May – 13th May, 2019

Highlights of the NFO:

  • Scheme type – Multicap Fund - An open ended debt scheme predominantly investing in floating rate instruments

  • Investment objective – The primary objective of the scheme is to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.

  • Product suitability – The product is suitable for investors who are seeking income over a short term by investing horizon investment in debt & money market securities having maturity of one business day.

  • Minimum Application Amount – First investment Rs. 5,000/- and in multiple of Rs. 1/- thereafter

  • Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Dividend (Payout and Reinvestment) Option.

  • Fund Managers – Mr. Deepak Agrawal and Mr. Arjun Khanna

  • Benchmark – NIFTY Ultra Short Duration Debt Index TRI

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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