| Launch date | 19 Sep 2024 |
| Allotment date | 08 Oct 2024 |
| End date | 03 Oct 2024 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 0.28%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Minimum investment amounts
| Min. for 1st investment | ₹100 |
| Min. for 2nd investment onwards | ₹100 |
| Min. for SIP | ₹100 |
Fund management
Abhishek BisenSep 2024 - PresentView details
Devender SinghalSep 2024 - PresentView details
Satish DondapatiSep 2024 - PresentView details
Fund house & investment objective
| Rank (total assets) | #5 in India |
|---|---|
| Total AUM | ₹4,39,120.27Cr |
| Date of Incorporation | 05 Aug 1994 |
|---|
Kotak Nifty Midcap 150 Momentum 50 Index Fund Direct Growth is a Equity Mutual Fund Scheme launched by Kotak Mahindra Mutual Fund. This scheme was made available to investors on 05 Aug 1994. Devender Singhal is the Current Fund Manager of Kotak Nifty Midcap 150 Momentum 50 Index Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹4,39,120 Cr and the Latest NAV as of 20 Dec 2024 is ₹9.85. The Kotak Nifty Midcap 150 Momentum 50 Index Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹100. ;
Investment Objective
The scheme seeks to provide returns that, before expenses, corresponding to the total returns of the securities as represented by the underlying index, subject to tracking errors. ;
| Fund benchmark | NIFTY Midcap 150 Momentum 50 Total Return Index |
|---|
Peer Comparison
| Equity, Mid Cap funds | Rating | 1Y | 3Y | Fund Size(Cr) |
|---|---|---|---|---|
Motilal Oswal Midcap Fund Direct Growth | 5 | 60.1% | 38.2% | 18,604.02 |
HDFC Mid Cap Opportunities Direct Plan Growth | 4 | 32.6% | 30.3% | 77,682.90 |
Nippon India Growth Fund Direct Growth | 4 | 32.5% | 28.6% | 35,208.97 |
Quant Mid Cap Fund Direct Growth | 5 | 23.8% | 26.4% | 9,500.70 |
Kotak Emerging Equity Fund Direct Growth | 4 | 38.5% | 25.8% | 52,626.72 |