01-01-1970 12:00 AM | Source: Accord Fintech
Kotak Mahindra Mutual Fund files offer document for Nifty 50 Index Fund
Kotak Mahindra Mutual Fund has filed offer document with SEBI to launch an open ended scheme named ‘Kotak Nifty 50 Index Fund’. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be nil. The Scheme offers both growth and dividend Options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked by Nifty 50 Index TRI. The minimum application amount for initial purchase is Rs 100 and in multiples of Re 1 thereafter.
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.
Latest News
GST demand notices contributing to burgeoning GST co...
CPI(M) leader Brinda Karat greets workers on May Day
It`s really cool Sania Mirza as Women`s Premier Leag...
Newlyweds Arti Singh, Dipak Chauhan give major coupl...
Odisha: Badminton Player Saina Nehwal visits Puri Ja...
Hyundai`s India unit, Tata Motors post higher April ...
Ola Electric captures over 52 pc market share in EV ...
Adani Group`s Ambuja Cements clocks highest-ever PAT...
Godrej family to continue joint biz for Vikhroli rea...
Maruti Suzuki India begins pre-booking of Epic New S...