On Tuesday 25th August 2009 Kotak Life launched “Kotak Single Invest” plan, a unit linked plan, where a single premium enables the policy holder to get the benefits of insurance as well as investment for the policy term.
Along with tax benefits, Kotak Single Invest plan offers fund options to match each investors risk profile and investment objective.
Kotak Opportunities Fund is for investors who have a good risk appetite. This fund will invest in large and mid-cap companies for long term capital growth.
Kotak Dynamic Floor Fund I could not find much information about this fund but the only information available is it would give high returns and a reasonable amount of risk Dynamic Floor Fund would benefits in a strong market but protects against sharp losses in a weak market.
Kotak Dynamic Bond Fund is bond fund which is ideally suited to the more risk averse investor whose priority is capital preservation and not on big gains.
The allocation can be between 97.75% and 99% depending upon the size of Single Premium and offers 12 free switches in a policy year. Also if you are not plannint to go for an insurance you can directly invest in those funds as well.