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Kotak Mutual Fund to Discontinue Various Facilities under its schemes


Kotak Mutual Fund has announced that with effect from May 1, 2011, “Star Kid” facility under Kotak 50 Unit Scheme, Kotak Opportunities and Kotak Tax Saver as well as “Invest + Insure” facility under Kotak 50 unit scheme, Kotak Opportunities, Kotak Tax Saver and Kotak Mid cap will be discontinued.

However, the existing systematic investments under these facilities shall continue for the tenure mentioned in the application.