| The
Scheme |
Kotak FMP 16M Series 2, a close-ended Debt
Scheme |
| Scheme
Objective |
The
investment objective of the Scheme is to
generate returns through investments in
debt and money market instruments with a
view to significantly reduce the interest
rate risk. |
| Investment
in |
Debt
/ Money Market Instruments and Government
Securities, normally maturing in line with
the maturity profile of the Scheme. |
| Likely
Composition of Portfolio |
Rating Profile: AAA and equivalent;
and upto 20% for below AAA. |
| Initial
Offer |
Rs. 10 per Unit for cash at par |
| NFO
period |
January
9th 2008 till January 14th 2008 |
| Minimum
Investment |
Retail
Plan : Rs 5000/- (Rs. Five Thousand
only).
Institutional Plan : Rs 50,00,000/-
(Rs. Fifty Lakh only). |
| Maturity |
16 months after the date of allotment (If
such date falls on a non-working day, the
scheme would mature on the next working day) |
| Load |
No
Entry Load; 1.50% if redeemed before maturity
of the scheme. Recovery of Unamortised issue
expenses: Balance proportionate unamortised
issue expenses to be recovered from exiting
Unitholders. However, where an investor
wants to switch his investments into any
other scheme/plan of Kotak Mutual Fund on
the maturity date, or from one option to
other option under the same scheme, no exit
load will be charged. The Exit load will
not be charged on redemption of units by
the fund on the maturity date.. |
| Minimum
Amount of Redemption |
Rs.1000
or 100 Units. If the holding is less than
Rs. 1000 or 100 Units, the entire balance
will be redeemed as and when redemption request
is received from the investor. |
| Payable
to |
Kotak FMP 16M Series 2 |
| Redemption |
On
each Working Day at price related to applicable
NAV |
| Fund
Manager |
Mr.Deepak
Agarwal |
| Options |
Growth
and Dividend |
| Tax
Benefit |
Dividends
if declared by the scheme will be tax free
in the hands of the investors. |
