Mumbai: Kotak Mahindra Mutual Fund will launch a 370-day debt plan on Thursday, and two 13-month debt plans on Feb 21, according to a notification on the fund house's website today.
   
Subscription to the 370-day scheme, Kotak FMP Series 75, will close on Feb 21. The new fund offers of the 13-month plans, Kotak FMP Series 76 and Kotak FMP Series 77, will close Feb 23.
   
The corpus of the schemes will be invested in fixed income securities maturing in line with or before their individual tenures.
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NFO has options of Growth and Dividend. Minimum Application will be Rs 5,000 and in the multiples of 10 rupees thereafter. Load will be nil.

Performance benchmark is CRISIL Short Term Bond Fund Index.


(Agencies)