Kotak Mutual Fund has rolled out a new closed-end debt scheme, MoneyGuru India reports. The Kotak FMP Series 57, which offers growth and dividend payout options, will be benchmarked against the Crisil Short Term Bond Index.

The new product will invest its assets in debt, money market instruments and government securities with low- to medium-risk profile. Abhishek Bisen and Mayank Prakash will manage the scheme.

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