Change in exit load under Kotak Gilt Fund

Kotak Mutual Fund has announced change in exit load under the Investment Regular and Investment Provident Fund and Trust options of Kotak Gilt Fund.

The change will be effective from October 1, 2009. No exit load will be applicable as per revised provision.

Earlier, an exit load of 1% was applicable on redemption of units within one year.

The investment objective of the scheme is to generate risk free returns through investments in sovereign securities issued by the central governments and/or state governments and/or reverse repos in such securities.