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Kotak Mahindra Mutual Fund (MF) has launched Kotak Nifty Alpha 50 ETF, an open-ended scheme replicating/tracking NIFTY Alpha 50 Index. The NFO opens for subscription on December 01, 2021 and closes on December 15, 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 Alpha 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 Alpha 50 Index and to generate returns that are commensurate with the performance of the NIFTY Alpha 50 Index, subject to tracking errors.