Kotak MF launches Kotak Medium Term Fund

Tags: Mutual Funds
Kotak Mutual Fund has launched a new scheme -- Kotak Medium Term Fund -- which is an open-ended debt fund.

The new fund offer, which will be open for subscription from February 28, will close on March 13, 2014, a company release said.

The new scheme is an open ended debt scheme which seeks to generate regular income and capital appreciation by investing in medium-term debt and money market instruments, it said.

"We believe that inflationary pressures coming off in future could mean RBI easing liquidity and maintaining status quo on rates. This could result in easing of yields translating into potential mark-to-market gains in fixed income portfolios such as the Kotak Medium Term Fund.

"Hence a conservative investor with a 2 years horizon could look at investing in the product," Chief Investment Officer (Debt) and Head Products of Kotak Mutual Fund, Lakshmi Iyer said.

EDITORIAL OF THE DAY

  • The solution to tackling recurrent droughts is in managing consumption of water, not its overuse

    A staggering 33 crore people or more than a quarter of the country’s population are in the grip of drought and consequently, face drinking water sho

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Tushar Gandhi

An unexplored side of rural enterprise

What is rural enterprise? Ask this qu­estion and 9 out ...

Kuruvilla Pandikattu

Black and white of morality

Would you kill one innocent person to save five? Choose ...

Shona Adhikari

Let's head to Bangalore & catch up on art

Bangalore art scene is bang in the middle of news, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture