Kotak Mahindra Mutual Fund introduces Nifty 100 Low Vol 30 ETF
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Kotak Mahindra Mutual Fund (MF) has launched Kotak Nifty 100 Low Vol 30 ETF, an open-ended scheme replicating/tracking Nifty 100 Low Volatility 30 Index. The NFO opens for subscription on March 15, 2022 and closes on March 22, 2022. The Entry load and Exit load is nil for the scheme. The Minimum investment amount is Rs 5,000 and in multiples of Re 1 thereafter.
The performance of the scheme is benchmarked against the Nifty 100 Low Volatility 30 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 100 Low Volatility 30 Index and to generate returns that are commensurate with the performance of the NIFTY100 Low Volatility 30 Index, subject to tracking errors.
