Kotak Mutual Fund today announced the launch of Kotak Capital Protection Oriented Scheme Series 1 (KCPOSS-1). This scheme offers an investment solution that seeks capital protection by investing a large portion of the portfolio in highest rated debt securities and money market instruments while the balance is invested in equity to provide capital appreciation. KCPOSS-1 is a close ended scheme with a maturity of 1101 days, which is 3.02 years.

The new fund offer is open from Sept. 7, 2015 to Sept. 21, 2015. The minimum application amount is Rs 5,000 payable in multiples of Rs 10 for purchase and switch-ins.

Nilesh Shah, managing director, Kotak Mutual Fund said, ''Kotak Capital Protection Oriented Scheme Series 1 has been designed for conservative investors who look for capital appreciation associated with equity investments but have low risk appetite on the capital. To hedge against market volatility, this scheme will pick growth oriented stocks available at reasonable valuations, which are now available in plenty after market correction while putting the greater share in higher rated debt instruments.''