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Our Bureau

Mumbai , Jan 17

Kotak Mahindra Mutual Fund has launched Kotak Wealth Builder I scheme, a close-ended debt scheme with a maturity period of 36 months. The structured product has been given AAA (so) rating by CRISIL. The scheme aims to generate income by investing in debt and money market instruments, and to generate capital appreciation by investing in equity derivatives. The new offer opened on January 2 and will close on January 31.

A significant portion of the corpus will be invested in AAA-rated debt instruments. The residual amount will be invested in equity derivatives to generate capital appreciation.

"The scheme will employ a value-hedged strategy eliminating the directional view of the markets," said Mr Sandesh Kirkire, CEO, Kotak Mahindra AMC.

More Stories on : New Fund Offer | Debt Market

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New debt scheme from Kotak MF

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