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Kotak Flexi Debt Scheme Introduces Institutional Plan

Kotak Mutual Fund has introduced Institutional Plan under its Kotak Flexi Debt Scheme. The institutional plan will have two options, growth and dividend (Daily Reinvestment Option). The minimum purchase amount for initial purchase will be Rs 1 crore and in multiple of Re 1 thereafter.

Entry Load will be nil whereas an exit load to an extent of 0.10 percent will be charged if redeemed within seven days from the date of allotment of units.

This scheme will be available for subscription from May 26, 2008.