MUTUAL FUNDS
Kotak Mahindra MF introduces Floating Rate Fund
May-09-2019

Kotak Mahindra Mutual Fund (MF) has launched the Kotak Floating Rate Fund, an open ended debt scheme. The NFO opens for subscription on May 09, 2019 and closes on May 13, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 for purchase and Re 0.01 for switches.

The scheme’s performance will be benchmarked against NIFTY Ultra Short Duration Debt Index TRI and its fund managers are Deepak Agrawal and Arjun Khanna.

The investment 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.

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