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Kotak Mutual Launches Kotak Twin Advantage Series III


Kotak Mutual Fund has launched third fund in the Twin Advantage Series. The new fund offer period will begin on July 27, 2006 and end on August 25, 2006.

The scheme aims to generate income by investing in the debt and money market instruments and generate capital appreciation by investing in equity index options. It will benchmark its performance against CRISIL MIP Blended Index.

It will be a three-year closed-end fund. The fund will offer liquidity through liquidity window available on 25th March, 25th June, 25th September and 25th December each year, till the maturity of the scheme. This will will allow redemptions at prices related to applicable NAV on the respective dates. In case, 25th is a non-working day, the immediately next working day will be considered for liquidity window.