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Kotak Mahindra Mutual Fund launches Kotak Nifty Alpha 50 ETF

Dec 1, 2021 by News Team

NFO period: 01st December – 15th December, 2021

Highlights of the NFO:

  • Scheme type – An open ended scheme replicating/tracking NIFTY Alpha 50 Index

  • Investment objective – The investment objective of the scheme is to replicate the composition of the NIFTY Alpha 50 Index and to generate returns that are commensurate with the performance of the NIFTY Alpha 50 Index, subject to tracking errors. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.

  • Product suitability – The product is suitable for investors who are seeking long-term capital growth by investing in stocks comprising the underlying index and endeavours to track the benchmark index.

  • Minimum Application Amount – First investment Rs. 5,000/- and in multiple of Rs. 1/- thereafter

  • Plan/ Options available – The scheme does not offer any Plans/Options for investment.

  • Fund Managers – Mr. Devender Singhal, Mr. Satish Dondapati and Mr. Abhishek Bisen

  • Benchmark – NIFTY Alpha 50 Index (Total Return Index)

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)