Kotak Mahindra Mutual Fund has introduced the Kotak CRISIL-IBX Financial Services 3-6 Months Debt Index Fund, an open-ended ultra-short-duration debt fund. The New Fund Offer (NFO) is open for subscription from February 21, 2025, to March 5, 2025.
The fund aims to generate returns that align with the CRISIL IBX Financial Services 3-6 Months Debt Index before expenses. This index consists of Commercial Papers (CPs), Certificates of Deposit (CDs), and corporate bonds, all with maturities ranging between 3 to 6 months.
For a quick overview, here are the key details of the fund:
| Particulars | Details |
| Minimum Investment (NFO Period) | ₹100 |
| Additional Purchase (Non-SIP) | ₹100 and any amount thereafter |
| SIP Purchase | ₹100 and any amount thereafter |
| Exit Load | Nil |
| Lock-in Period | None |
The fund is available in two plans:
The Riskometer classifies the fund under low to moderate Rrsk, meaning it carries some degree of risk, but significantly less than equity or long-term debt funds. Since the securities mature within 3 to 6 months, it falls under the ultra-short-duration category.
Investors can subscribe to the fund during the NFO period with a minimum of ₹100. The fund does not have an exit load, so units can be redeemed at any time without a penalty.
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.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 21, 2025, 3:09 PM IST
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