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.