Saturday, March 13, 2010 10:13 Hrs IST

Kotak MF Revises Exit Load Structure For Quarterly Interval Plan Series 1

With effect from 18 March 2010

Kotak Mutual Fund has decided to revise the exit load structure for Kotak Quarterly Interval Plan Series 1. The changes will be effective from 18 March 2010.

Accordingly for redemptions/switch outs on or before 45 days from the date of allotment of units the exit load charge will be 1%. The exit load charge will be nil for redemptions / switch outs after 45 days from the date of allotment of units.

Kotak Quarterly Interval Plan Series 1 is an interval debt fund which has the investment objective to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.