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Thursday, January 01, 2009

Kotak MF announces the change in load structure

With effect from 06 January 2009

Kotak Mutual Fund has announced changes in load structure of Kotak Quarterly Interval Plan series 9.The changes will be effective from 06 January 2009.

The scheme has increased the exit load from 1.00% to 1.50%, if redeemed anytime other than the specified transaction period for redemptions / switch-outs.

Kotak Quarterly Interval Plan Series 9 aims to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.

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