| The
Scheme |
Kotak Quarterly Interval Plan Series 3,
an interval debt fund. |
| Scheme
Objective |
The investment objective of the each Scheme is to generate returns through investments in debt and money market instruments. |
| Investment
in |
Debt / Money Market Instruments and Government Securities, maturing on or before the opening of the immediately following specified transaction period. |
| Initial
Offer |
Rs. 10 per Unit |
| Minimum
Investment |
Rs.5000/-
(Rs. Five Thousand only). |
| Liquidity/ Specified
Transaction Period |
KEach of the Quarterly Interval Plans will have Specified Transaction Period for a minimum of 2 Business Days, once in a quarter; during which period investor can Subscribe / Redeem / Switch-in/ Switch-out, directly with the Mutual Fund. 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 Two Consecutive Business days immediately after the end of the quarterly interval period.
The units cannot be redeemed with Kotak Mahindra Mutual Fund (KMMF) until the Specified Transaction Period of the respective schemes.
In case the First STP date is followed by a Non-Business day, the same will be postponed in such manner that the Two STP dates fall consecutively.
For eg:
If the First STP date 08/04/2011 is a Friday and the Second STP date 11/04/2011 is a Monday, then the STP Dates will be postponed to Monday 11/04/2011 and Tuesday 12/04/2011 such that all dates are business days.
|
| Interval Period |
Interval Period is the period of time elapsed between two Specified Transaction Periods. The period between two Specified Transaction Periods shall be around 90 days from the First STP date of the last Interval Period.
For eg: If the First STP date is on Monday 11/04/2011 and the Second on Tuesday 12/04/2011, then the next interval period would be 11/07/2011 and correspondingly the Second STP date would be 12/07/2011.
Moreover, no redemption / switch-out will be allowed during the second day of STP for purchase / switch-ins made during the first day of the STP. |
| Load |
Entry load: Nil
Exit Load:
Nil |
| 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 Quarterly Interval Plan - Series 3 |
| Benchmark Index |
CRISIL Liquid Fund Index |
| Fund
Manager |
Mr. Abhishek Bisen, Mr. Mayank Prakash. |
| Options |
Growth and Dividend (Payout and Reinvestment Option). The reinvestment facility under dividend option is currently suspended.
In case the AMC intends to accept fresh subscriptions into the reinvestment option, a notice to that effect will be published in newspapers. |
| Listing |
The scheme has been listed on NSE. |
| Tax
Benefit |
Dividends
if declared by the scheme will be tax free
in the hands of the investors. |
| Dematerialization |
Unit holders are given an option to hold the units in demat form in addition to account statement as per current practice.
The Unitholders intending to hold/trade the units in Demat form are required to have a beneficiary account with the Depository Participant (DP) (registered with NSDL / CDSL) and will be required to indicate the DP's name, DP ID Number and the beneficiary account number of the applicant with the DP.
In case Unit holders do not provide their Demat Account details, an Account Statement shall be sent to them. Such unitholders will not be able to trade on the stock exchange.
In case of Demat Account unitholders, redeeming in Interval Plan, they have to submit an additional form called repurchase request form signed and stamped by their respective DP along with the redemption request form, during specified transaction period.
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