| The
Scheme |
Kotak FMP 19M Series 1, 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. |
| NFO
period |
29th
September 2008 till 13th October
2008 |
| Minimum
Investment |
Retail
Plan : Rs. 5,000 /-
Institutional Plan : Rs.
10,00,000/- (Rs. Ten Lakhs Only) |
| Maturity |
19
months after the date of allotment (If such
date falls on a non-Business Day, the scheme
would mature on the next Business Day) |
| Load |
Entry Load : Nil.
Exit Load : 1.5% if redeemed before
maturity of the scheme (excluding dividend reinvestment/bonus units).
Exit Load will not be charged for switch from one option to other option under the same scheme, and on redemption of Units/Switch-out 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 19M Series 1 |
| Redemption |
On
each Business Day at price related to applicable
NAV |
| Fund
Manager |
Mr. Deepak Agrawal and Mr. Abhishek Bisen |
| Options |
Growth
and Dividend (Payout and Reinvestment) Options. |
| Tax
Benefit |
Dividends
if declared by the scheme will be tax free
in the hands of the investors. |
