
Kotak Mutual Fund has announced a change in the face value of Kotak Liquid and Kotak Floater Short Term from Rs.10 to Rs.1000 per unit with effect from January 18, 2013.
Consequently, ten units shall be consolidated into one and if the investor's holding is less than Rs.1,000, after processing the redemption request, the entire amount/units will be redeemed from the scheme.