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Kotak Mutual Launches Kotak Global India

Kotak Mahindra Mutual Fund has launched the Kotak Global India Fund. It is an open-ended equity fund that will invest in gloablly competitive Indian companies. The fund is open for subscription from December 22, 2003 to January 16, 2004. The minimum investment for the scheme is Rs.5000 for both the options growth and dividend. There is no exit load but an entry load of 2 per cent for investment under Rs. 2 crore. It will open for continuous sales and repurchase from February 13, 2004.