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Kotak MF Floats Closed-End Debt Scheme

Kotak Mutual Fund has rolled out a new closed-end debt scheme.

    Kotak Mutual Fundhas rolled out a new closed-end debt scheme,MoneyGuru Indiareports. TheKotak FMP Series 57, which offers growth and dividend payout options, will be benchmarked against theCrisil Short Term Bond Index.

    The new product will invest its assets in debt, money market instruments and government securities with low- to medium-risk profile.Abhishek BisenandMayank Prakashwill manage the scheme.

    Click here for the story fromMoneyGuru India.

    Click here for additional coverage fromIndia Infoline.

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