has announced the launch of Credit Opportunities Fund, an open-ended income scheme. As per its scheme information document, the investment objective of the scheme is to generate income by investing in debt and money market securities across the yield curve and credit spectrum.
The new fund offer, which opened for subscription on April 12, will close on April 30. Exit load specified under the scheme is 2%, if the investor redeems/switches-out within one year from date of allotment, and nil after one year. The minimum application amount prescribed by the fund house is Rs 5,000.
Source: http://economictimes.indiatimes.com/personal-finance/mutual-funds/mf-news/Credit-Opportunities-Fund-from-Kotak-Mutual/articleshow/5833942.cms
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