Kotak Mahindra MF introduces Nifty 50 Index Fund
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Kotak Mahindra Mutual Fund (MF) has launched the Kotak Nifty 50 Index Fund, an open-ended scheme replicating / tracking Nifty 50 index. The NFO opens for subscription on May 24, 2021 and closes on June 07, 2021. The Entry load and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 100 and in multiples of Re 1 for purchase and of Re 0.01 for switches.
The performance of the Scheme is measured against Nifty 50 Index TRI 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 50 and to generate returns that are commensurate with the performance of the NIFTY 50 Index, subject to tracking errors.
