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Tuesday, January 20, 2009

Kotak MF announces another change in load structure

With effect from 23 January 2009

Kotak Mutual Fund has announced changes in load structure of Kotak Floater Long Term Scheme. The changes will be effective from 23 January 2009.

Hereafter, the scheme will not charge entry load nor exit load. The new load structure will be applicable only on a prospective basis to units purchased on after the 23 January 2009.

Kotak Floater Long Term Scheme is an open ended debt scheme, which aims to reduce the interest rate risk associated with investments in fixed rate instruments by investing predominantly in floating rate securities, money market instruments and using appropriate derivatives.

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