Kotak Mutual Fund has unveiled a new 370 days close ended income scheme, India Infoline reports. The Kotak FMP Series 45 will track the performance of the Crisil Short Term Bond Index. The fund will allocate 100% of assets in debt, money market instruments and government securities with low to medium risk profile. The scheme will be managed by Deepak Agrawal and Abhishek Bisen.

Click here for the story from India Infoline.

Click here for the additional coverage from Moneylife Personal Finance.