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Kotak Mahindra Mutual Fund has launched Kotak BSE Sensex Index Fund, an open-ended scheme replicating/tracking the BSE Sensex Index. The NFO opens for subscription on January 27, 2025 and closes on February 10, 2025. No Entry Load is charged and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 100/- and any amount thereafter.

The performance of the scheme will be benchmarked at BSE Sensex Index (Total Return Index) and its fund managers are Devender Singhal, Satish Dondapati and Abhishek Bisen.

The investment objective of the scheme is to provide returns that, before expenses, corresponding to the total returns of the securities as represented by the underlying index, subject to tracking errors.