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K-Mutual Revise Investment Minimum and Exit Load


Kotak Mahindra Mutual Fund has increased the minimum investment and the minimum balance amount to Rs 10 lakhs in all its Serial Plans. Earlier this limit was Rs 5,000.

K-Bond Wholesale Plan (Annual Dividend Option) has revised the exit load structure. Now, the fund will charge an exit load of 0.75 per cent if redeemed within 3 months. Earlier, this period was 6 months.

In K-Bond Deposit Plan, no exit load will be charged on redemption of units switched-in from any scheme/plan/option of the fund into this plan, irrespective of the amount switched-in.

These changes are effective from March 04, 2002.