Kotak Mutual Fund launched Kotak Credit Opportunities Fund on 11 April 2010. This open-ended debt scheme would be open for subscription from 12 April to 30 April. The minimum application is Rs 5000 for the scheme. The fund would charge an exit load of two per cent if units are redeemed within a year of allotment. The scheme would be managed by Deepak Agrawal and Abhishek Bisen and has been benchmarked against CRISIL Short Term Bond Fund Index.
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