KOTAK MAHINDRA LIQUID SCHEME |
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- Initial offer opens: October 4,
2000
- Closing Date:
October 4, 2000
- Nature of Scheme: Open Ended
- AMC: Kotak Mahindra Asset
Management Company Ltd
- Load: No Entry and Exit Load.
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- Continuous Offer opens: October 6,
2000
- Sponsor: Kotak Mahindra Finance Ltd
- Trustee: Kotak Mahindra Trustee
Company Ltd
- Minimum subscription:Rs.5,00,000/-
.
NRIs can apply on repatriable basis.
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Objective of
the fund: To generate reasonable returns and high level of liquidity by investing in
debt instruments like bonds, debentures, government securities.
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- The fund is promoted by Kotak Mahindra Group which had
promoted several mutual fund schemes
- This scheme is for high networth and institutional
investors
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Strategy of investment |
The company would invest 100% of the fund in Debt instruments and in money
market instruments. |
| Some of the Schemes launched by Kotak |
| K Gilt
Investment Plan |
| K Bond Fund |
| K Gilt Serial
2001 |
| K Gilt Serial
2003 |
| K Gilt Serial
2005 |
| K Gilt Serial
2007 |
Performance
overview of the Kotak Mahindra Mutual Fund |
| Name of
the Fund |
NAV as on 29.09.2000 |
NAV as on 31.08.2000 |
NAV as on 31.07.2000 |
| K Gilt Investment Plan |
12.07 |
11.97 |
11.94 |
| K Bond Fund |
10.81 |
10.75 |
10.70 |
| K Gilt Serial
2001 |
10.02 |
NA |
NA |
| K Gilt Serial
2003 |
11.05 |
10.96 |
10.87 |
| K Gilt Serial 2005 |
10.04 |
9.94 |
9.84 |
| K Gilt Serial
2007 |
11.04 |
10.95 |
10.93 |
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| Comparative
Analysis of similar other funds |
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| Name of the Fund |
NAV as on 27.09.2000 |
NAV as on 31.08.2000 |
NAV as on 31.07.2000 |
Alliance Cash Manager(Gr) |
1233.43 |
1223.82 |
1211.44 |
| Birla
Cash Plus (Gr) |
13.51 |
13.41 |
13.3 |
| DSP
Merrill Lynch Liquidity Fund |
12.31 |
12.22 |
12.13 |
| Kothari
Pioneer Treasury Mgmt Account |
1238.84 |
1229.01 |
1216.25 |
| Prudential
ICICI Liquid Plan |
12.34 |
12.24 |
12.13 |
| Sun
F&C Value Liquid Fund |
19.77 |
22.63 |
20.89 |
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A study of the above table reveals that the NAVs of the above funds exhibit
positive trends with a constant increase. |
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Risk Perception |
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The performance of the fund shows that Kotak's schemes have been successful. Also the
Liquid funds and debt funds of other AMC's also have shown positive trend.With the balancing interest rates, the debt market is expected to
be Rs.2000 crore in 2000-01, mostly issued by the PSUs and private players. Hence this
scheme of Kotak's shows good prospectus over time. .
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