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Kotak Mutual Fund Launches Mid-cap Fund

Kotak Mutual Fund has launched a mid-cap fund. The fund would invest 65 to 95 per cent of its assets in equity and equity related instruments of mid-cap companies and 5 to 35 per cent in debt and money market securities. The IPO of the fund, which opened on December 30, 2004, would continue till January 28, 2005. The minimum investment for the fund has been fixed at Rs 5,000 and subsequent investments could be done in the multiples of Rs 2,000.