npavan78
09-07-2008, 08:19 AM
Kotak Mutual Fund is launching a new fund called Kotak Fixed Maturity Plan 1-Month Series 2 and it is a close-ended debt scheme. It has maturity of 30 days after the date of allotment. 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 scheme offers growth and dividend option with dividend payout and dividend reinvestment option.