Kotak Mutual Fund is Launching Kotak Nifty 50 Index Fund- Closing On June 14, 2021
Kotak Mutual Fund has launched a new fund offer (NFO) of Kotak Nifty 50 Index Fund. It is open for subscription from May 31 to June 14, 2021
Read on more for details about the NFO.
Investment Objective
The investment objective of the scheme is to replicate the composition of the Nifty 50 and to generate returns that are commensurate with the performance of the NIFTY 50 Index, subject to tracking errors
Benchmark
Nifty 50 Index TRI
The Nifty 50 Index TRI constitutes the top 50 Indian companies (by market cap) listed on the National Stock Exchange (NSE).
Asset Allocation
| Particulars | Allocation | Risk Profile |
| Equity and Equity related securities covered by the Nifty 50 including Derivatives* | 95%-100% | Medium to High |
| Debt and Money Market Instruments# | 0%-5% | Low to Medium |
| *The fund will invest in equity derivatives of the index or the stocks listed on the index only when shares are unavailable, insufficient or for rebalancing in case of corporate actions for a temporary period among other situations. The gross position to such derivatives will be restricted to 10% of net assets of the mutual fund scheme. | ||
| Money Market instruments include commercial papers, commercial bills, treasury bills, government securities having an unexpired maturity up to one year, certificate of deposit, and any other like instruments as specified by the Reserve Bank of India. | ||
Fund Details
| Name of the Scheme | Kotak Nifty 50 Index Fund |
| Type of the scheme | An open-ended scheme replicating/tracking the Nifty 50 index |
| NFO Dates | May 31 to June 14 2021 |
| Benchmark | Nifty 50 Index TRI |
| Fund Managers | Mr Devender Singhal
Mr Satish Dondapati Mr Abhishek Bisen |
| Minimum Application Amount | Initial Purchase: Rs.100/- and in multiple of Re.1 for purchase and for Re.0.01 for switches. |
| Minimum additional application amount | Rs. 100/- and in multiples of Rs 1 for purchases and of Re 0.01 for switches |
| Minimum redemption amount | Rs. 100 |
| Load | Rs.100/- and in multiple of Re.1 for purchase and for Re.0.01 for switches. |
| Plans | Regular Plan and Direct Plan. |
| Options |
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| Minimum SIP amount | Rs. 100/- and in multiples of Rs 1 for purchases and of Re 0.01 for switches |
Fund Managers
Mr Devender Singhal has 20 years of experience in equity research and fund management and has been associated with the Kotak Group since 2007.
Other funds managed by him:
- Kotak Asset Allocator Fund
- Kotak PSU Bank ETF
- Kotak Debt Hybrid Fund
- Kotak Nifty ETF
- Kotak Banking ETF
- Kotak Sensex ETF
- Kotak NV 20 ETF
- Kotak India Growth Fund Series 4
- Kotak IT ETF
- Kotak Nifty Next 50 Index Fund
- Kotak Equity Saving Fund
Mr Satish Dondapati has 13 years of experience in exchange-traded funds. He joined Kotak AMC in 2008.
Other funds managed by him:
- Kotak Sensex ETF
- Kotak PSU Bank ETF
- Kotak Nifty ETF
- Kotak Banking ETF
- Kotak NV 20 ETF
- Kotak Gold ETF
- Kotak IT ETF
- Kotak Nifty Next 50 Index Fund
Mr Abhishek Bisen has been associated with Kotak AMC since 2006, managing debt fund schemes. He also has two years of experience in merchant banking.
Other funds managed by him:
- Kotak Bond Fund
- Kotak Gilt fund
- Kotak Debt Hybrid Fund
- Kotak Gold Fund
- Kotak Gold ETF
- Kotak Equity Savings Fund
- Kotak Equity Hybrid Fund
- Kotak Balanced Advantage Fund
- Kotak NASDAQ 100 Fund of Fund
Mutual fund investments are subject to market risks, read all scheme-related documents carefully.