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Kotak Mahindra Mutual Fund has launched Kotak MSCI India ETF, an open-ended scheme replicating/tracking MSCI India Index. The NFO opens for subscription on January 29, 2025 and closes on February 12, 2025. No Entry Load is charged and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 5,000 and any amount thereafter.

The performance of the scheme will be benchmarked against MSCI India Index Total Return Index (TRI) 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 MSCI India Index and to generate returns that are commensurate with the performance of the MSCI India Index, subject to tracking errors.