Kotak Mutual Fund has launched a new Hybrid Fund called Kotak Hybrid Fixed Term Plan Series 2. The NFO opens on 7th January 2014 and closes on 20th January 2014.
The fund targets conservative investors who seek capital appreciation by investing in equity/equity related instruments.
The objective of the scheme is to generate income and minimize interest rate volatility by investing in Debt & Money Market securities that mature on or before the maturity of the scheme, and also to generate capital appreciation by investing in equity/ equity related instruments.
Crisil MIP Blended Index is the benchmark index. The minimum investment amount is Rs. 5,000.