Kotak Mutual Fund (MF) has paid the pending balance amount to its fixed maturity plan (FMP) investors, which it had to withhold at the time of maturity, having entered into a ‘standstill’ agreement with Essel group promoters to realise fair value of its investments in the group’s firms. In a note to investors, Kotak MF said: “In early September, a portion of investment was realised from the promoters’ stake sale to Invesco Oppenheimer Funds, which was paid to all unitholders. Further, the balance amount (principal + accrued interest) has been realised.” “The proceeds towards full redemption of your balance units