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Kotak Bond Short Term Plan changes exit load


Kotak Mutual Fund has decided to change the exit load of Kotak Bond Short Term Plan to 0.25 per cent for redemption/ switching out units within 30 days against the previous 0.50 per cent for redemption/ switching out units within 30 days.

The effective date is December 11, 2014.

The fund house has also decided to change the maturity date of following schemes:

Kotak FMP Series 128 will now mature on December 13, 2016 against the previous December 15, 2014. Kotak FMP Series 129 will now mature on December 20, 2016 against the previous December 22, 2014.