| The
Scheme |
Kotak Monthly Interval Plan Series 3,
Debt Oriented Interval Fund. |
| 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 interval period of the Scheme. |
| Likely
Composition of Portfolio |
Rating Profile: P1+, A1+, PR1+ and F1+ (100% P1+ & equivalent).
(No Exposure to Real Estate). |
| Initial
Offer |
Rs. 10 per Unit |
| NFO
period |
December 4th, 2008 till December 4th, 2008 |
| Minimum
Investment |
Rs.5000/-
(Rs. Five Thousand only). |
| Liquidity/ Specified
Transaction Period |
Kotak Monthly Interval Plan – Series 3 will have Specified Transaction Period once in a month; during which period investor can Subscribe / Redeem / Switch-ins/ Switch-outs, without payment of any entry / exit load. However, the AMC reserves the right to change / alter the “Specified Transaction Period”, depending on the prevailing market conditions and to protect the interest of the investors.
Specified Transaction Period for Purchases/ Switch-ins/Redemptions/ Switch-outs would generally be One business day immediately after the end of one month in case of monthly interval plan. In case if STP falls on a non-business day or a day prior to a non-business day, STP shall be preponed to a business day which is followed by a business day immediately preceding the original STP day.
Redemption and switch-outs are allowed on all other working days other than the Specified Transaction Period also, subject to payment of applicable exit load. Subscription for purchase/switch-in of units will be accepted only on / during the Specified Transaction Period.
|
| Interval Period |
Interval Period is the period of time elapsed between any two consecutive Specified
Transaction Periods. The period between two Specified Transaction Periods shall be
30 days. |
| Load |
Exit Load : 1.5%, if redeemed anytime other than the Specified Transaction Period for Redemptions/Switch-outs. No exit load will be charged on redemption during the Specified Transaction Period for Redemptions/ Switch-outs. |
| Minimum
Amount of Redemption |
Rs.
1,000 or 100 Units each for both Growth
and Dividend Options. 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 Monthly Interval Plan - Series 3 |
| Benchmark Index |
CRISIL Liquid Fund Index |
| Fund
Manager |
Mr.Deepak
Agrawal |
| 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. |
