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Kotak Mahindra Mutual Fund (MF) has launched the Kotak Nifty AAA Bond Plus SDL Apr 2031 70:30 ETF, an open-ended Target Maturity Exchange Traded Fund replicating/tracking Nifty AAA Bond Plus SDL Apr 2031 70:30 Index. The NFO opens for subscription on October 11, 2021 and closes on October 13, 2021. 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 is measured against Nifty AAA Bond Plus SDL Apr 2031 70:30 Index and its fund manager is Abhishek Bisen.

The investment objective of the scheme is to replicate Nifty AAA Bond Plus SDL Apr 2031 70:30 Index by investing in bonds of issuers rated AAA and state development loans (SDL), subject to tracking errors.