Kotak mutual extends offer period of blended fund

Kotak mutual extends offer period of blended fund

By Reuters

Mumbai: Kotak Mahindra Asset Management Co Ltd said on 30 October it has extended the offer period of Kotak Blended Fund of Funds to 16 November from the earlier scheduled close of 2 November.

The three-year close-end fund, which opened for subscription on 3 October can invest in units of debt, liquid and equity mutual funds, the fund firm said in its offer document.

The fund house managed assets worth about Rs189 billion at the end of September, data from the Association of Mutual Funds in India showed.

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