Kotak FMP Series 313 NFO: Key details you need to know

22 Jun 2023 , 11:29 AM

Kotak Mutual Fund is launching NFO under its “FMP category”, named as Kotak FMP Series 313. This close-ended fund of fund seeks to generate returns by to generate income by investing in debt and money market securities, maturing on or before the maturity of the scheme.

Investment strategy: The AMC has an internal policy for selection of assets of the portfolio. The portfolio is constructed taking into account ratings from different rating agencies, rating migration, credit premium over the price of a sovereign security, general economic conditions and such other criteria.

Asset allocation: The amount collected under the scheme will be invested only in debt and money market instruments and government securities.

Who should invest?

Investors with moderate risk appetite and want to invest for 180 days in a mutual fund should invest in Kotak FMP Series 313. 

Risk associated: Moderate level of risk.

Benchmark: Nifty 500 TRI.

Fund Managers: Mr Deepak Agarwal and Mr Manu Sharma.

The NFO is available for subscription from June 22 to June 26. 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 313.