14th August 2008

Kotak Mutual Fund has extended the new fund-offering (NFO) period of Kotak Fixed Maturity Plan –12 Months- Series 8 to 21 August 2008 instead of 20 August 2008 . The new fund offer was opened for subscription on 31 July 2008 .

Kotak FMP –12 Months- Series 8 is a close-ended debt scheme. The NFO price for the fund is Rs 10. The investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.

The scheme offers regular and institutional plans. Both plans offer two options i.e. growth and dividend payout and dividend reinvestment facility.

The minimum investment amount under retail plan is Rs 5,000 and in multiples of Re 1 thereafter. Under institutional plan, the minimum investment amount is Rs 50 lakh and in multiples of Re 1 thereafter.

The fund will invest entire corpus in debt and money market instruments. The Benchmark index for the scheme is CRISIL Composite Bond Fund Index. The fund manager for the scheme is Mr. Deepak Agarwal.