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Kotak Mahindra Mutual Fund (MF) has launched Kotak NIFTY 200 Momentum 30 Index Fund, an open-ended scheme replicating/ tracking Nifty 200 Momentum 30 Index. The NFO opens for subscription on May 25, 2023 and closes on June 08, 2023. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of ?1 thereafter.

The performance of the scheme will be benchmarked to the performance of NIFTY 200 Momentum 30 Index (Total Return Index) and its fund managers are Devender Singhal, Satish Dondapati and Abhishek Bisen.

The investment objective of the scheme is to provide returns that, before expenses, corresponding to the total returns of the securities as represented by the underlying index, subject to tracking error.