Kotak Mahindra Mutual Fund launched the Kotak Capital Protection Oriented Scheme-Series 1, a close ended income scheme. The new fund offer (NFO) opens for subscription on September 7 and will close on September 21, 2015. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000.
The scheme’s performance will be benchmarked against customised index–CRISIL Composite Bond Fund Index (80%) and CNX Nifty (20%) and its fund managers are Abhishek Bisen and Deepak Gupta.
The investment objective of the scheme is to seek capital protection by investing a portion of the portfolio in highest rated debt securities and money market instruments and also to provide capital appreciation by investing the balance in equity and equity related securities.