Kotak Mahindra MF introduces Midcap 50 ETF
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Kotak Mahindra Mutual Fund (MF) has launched the Kotak Midcap 50 ETF, an open-ended scheme replicating/tracking NIFTY Midcap 50 Index. The NFO opens for subscription on January 06, 2022 and closes on January 20, 2022. The Entry load and the Exit load is nil for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.
The performance of the Scheme would be benchmarked against NIFTY Midcap 50 Index (Total Return Index) and its fund managers are Devender Singhal, Satish Dondapati and Abhishek Bisen.
The investment objective of the scheme is to replicate the composition of the NIFTY Midcap 50 Index and to generate returns that are commensurate with the performance of the NIFTY Midcap 50 Index, subject to tracking errors.
