Kotak CRISIL-IBX AAA Bond Financial Services Index – Dec 2026 Fund NFO Period Extended

Kotak Mahindra Mutual Fund has extended the New Fund Offer (NFO) period for the Kotak CRISIL-IBX AAA Bond Financial Services Index – Dec 2026 Fund. Initially set to close on February 10, 2025, the NFO will now remain open until February 13, 2025.

Fund Overview

This is an open-ended target maturity debt fund. It tracks the CRISIL-IBX AAA Financial Services Index – Dec 2026, which includes AAA-rated bonds issued by financial sector companies that are set to mature around December 2026. 

The aim is to deliver returns that are in line with the index before accounting for fees and expenses.

Details

• Fund House: Kotak Mahindra Mutual Fund
• Fund Manager: Abhishek Bisen
• Registrar & Transfer Agent: Computer Age Management Services Ltd. (CAMS)
• Fund Type: Open-ended
• Category: Debt – Target Maturity
• Benchmark: CRISIL-IBX AAA Financial Services – Dec 2026
• Risk Level: Moderate

Investment Structure

• NFO Opening Date: January 31, 2025
• NFO Closing Date: February 13, 2025 (Extended)
• Minimum Investment: ₹100
• Investment Plans: Growth, IDCW
• Lock-in Period: None
• Exit Load: None

The fund manager for this scheme is Abhishek Bisen, and Computer Age Management Services Ltd. (CAMS) is the registrar and transfer agent.

How the Fund Works

The fund follows a passive investment strategy, investing in AAA-rated bonds from the financial sector and holding them until maturity. Since it’s a target maturity fund, the securities in the portfolio will mature close to December 2026.

What’s Changed?

The only change is the extension of the NFO period by three days. Investors now have until February 13, 2025, to subscribe. The structure, investment approach, and other fund details remain the same.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.