Kotak Mutual Fund: Kotak Hybrid Fixed Term Plan Series-I

Mr. Sandesh Kirkire,

Kotak Mutual Fund, launched a NFO (New Fund Offer) that aims to generate income by investing in debt, equity and money markets.

The new schemes name is Kotak Hybrid Fixed Term Plan Series-I .

Mr. Sandesh Kirkire, CEO, Kotak Mutual Fund said,  “Hybrid schemes offer low risks as the income earned from debt instruments helps to alleviate the risk associated with equity and equity-related instruments. Investors who aim to seek returns which are potentially higher than traditional deposit instruments and are tax-efficient should allocate some of their funds to such hybrid schemes."

Fund  Main Features
Minimum investment : Rs.10,000
Last date: January 12, 2012
Type: close-ended
Maturity period : 24 months.

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