Kotak FMP Series 312 NFO: Everything you need to know

22 May 2023 , 03:51 PM

Kotak Mahindra Mutual Fund is launching NFO under its “income category”, named as Kotak FMP Series 312 Fund. This close-ended fund seeks to generate income by investing in debt and money market securities, maturing on or before the maturity of the scheme.

Investment strategy: The Scheme will invest in a portfolio of Debt and Money Market securities, maturing on or before maturity of the Scheme with relatively low interest rate risk ad moderate credit risk.

Asset allocation: The Scheme would invest in debt and money market instrument with a maturity of 90 days or less.

Who should invest?

Investors with low to moderate risk appetite and want to invest for just 90 days to generate short-term income should invest in Kotak FMP Series 312 Fund. 

Risk associated: Low level of risk.

Benchmark: Nifty Liquidity Index.

Fund Managers: Mr Deepak Agarwal and Mr Manu Sharma.

The NFO is available for subscription from May 22 to May 24. The minimum subscription amount is Rs 5000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Kotak FMP Series 312 Fund.