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K-Mutual Launches 5th Series of 370-day FMP

Kotak Mahindra Mutual Fund has launched the fifth series of the 370-day FMP (Fixed maturity Plan). The fund is open for subscription from July 22 to August 7, 2002. It is a closed end debt fund and will mature on August 18, 2003.

The mutual currently manages three FMPs. The fourth series has been cancelled by the AMC.