Kotak Mahindra Mutual Fund Launches Fixed Maturity Plan Series 329 – 90 Days

Kotak Mahindra Mutual Fund offers Kotak Fixed Maturity Plan Series 329 90 Days (NFO), a close-ended income scheme aiming to generate income by investing in debt and money market securities. The scheme matures on or before its maturity date. There is no guarantee that the investment objective will be achieved. This new fund offering (NFO) launched on March 14, 2024, with a minimum subscription amount of Rs. 5,000 and closes for investment on March 19, 2024.

Investment Objective

The investment objective of the Kotak Fixed Maturity Plan Series 329 90 Days is to generate income by investing in debt and money market securities, maturing on or before the maturity of the scheme. There is no assurance that the investment objective of the Scheme will be achieved.

This NFO of Kotak Mahindra Mutual Fund is suitable for investors who are seeking income over a short-term investment horizon and investment in debt & money market securities

Risk-o-meter:

Funds Allocation

Benchmark

Kotak Fixed Maturity Plan Series 329 90 Days will benchmark against the NIFTY Liquid Index.

Fund Managers

• Mr. Deepak Agrawal, aged 43, holds a post-graduate degree in Commerce and possesses qualifications in Chartered Accountancy (CA) and Company Secretaryship (CS), with over 18 years of experience.
• Mr. Manu Sharma, aged 41, is a Chartered Accountant with a Master’s degree in Commerce Similarly, he boasts over 18 years of experience in his field.

Peer Schemes

Characteristics of Fixed Maturity Plans

• Fixed tenor: Fixed Maturity Plans (FMPs) have a predetermined maturity date.
• Closed-ended: FMPs have a fixed investment period, and investors cannot redeem units before maturity.
• Portfolio diversification: FMPs typically invest in a diversified portfolio of debt instruments.
• Low-interest rate risk: FMPs aim to match their investments’ maturity with the plan’s maturity, reducing interest rate risk.
• Capital protection: FMPs may offer capital protection by investing in low-risk debt securities.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.