Kotak Mutual Fund has rolled out a scheme called Kotak Fixed Maturity Plan 14 month Series 3 and it is a close-ended bond scheme with tenure of fourteen months. The scheme offers retail and institutional plan. The scheme offers investors growth option and dividend option under both the plans. The dividend option offers dividend payout and dividend re-investment facilities.

The objective of the scheme would be to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk. The minimum investment amount under regular plan is Rs 5,000 and in multiples of Re 1 thereafter. The minimum investment amount under institutional scheme is Rs 50 lakh and in multiples of Re 1 thereafter.

Investment Advisor Kolkata | Insurance Agent Kolkata