Kotak Mahindra MF introduces Nifty SDL Jul 2028 Index Fund
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Kotak Mahindra Mutual Fund (MF) has launched Kotak Nifty SDL Jul 2028 Index Fund, an open-ended Target Maturity Index Fund investing in constituents of Nifty SDL Jul 2028 Index. A relatively high interest rate risk and relatively low credit risk. The NFO opens for subscription on March 15, 2023 and closes on March 21, 2023. The Entry load and the Exit load is nil for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.
The performance of the scheme will be benchmarked against Nifty SDL Jul 2028 Index and its fund manager is Abhishek Bisen.
The investment objective of the scheme is to track the Nifty SDL Jul 2028 Index by investing in SDLs, maturing on or before July 2028, subject to tracking difference.
