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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

Invest in direct mutual funds

  • Enjoy 0% commission
  • SIP starting at ₹500

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
  • Growth  
  • Payout of income distribution cum capital withdrawal (IDCW)  
  • Reinvestment of income distribution cum capital withdrawal (IDCW)
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.

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Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.