Kotak Mahindra MF introduces Nifty 100 Equal Weight ETF
Kotak Mahindra Mutual Fund has launched Kotak Nifty 100 Equal Weight ETF, an open-ended scheme replicating/tracking the Nifty 100 Equal Weight Index. The NFO opens for subscription on February 03, 2025 and closes on February 17, 2025. No Entry Load is charged and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 5,000/- and multiples of Re.1/- thereafter.
The performance of the scheme will be benchmarked against Nifty 100 Equal Weight 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 Nifty 100 Equal Weight Index and to generate returns that are commensurate with the performance of the Nifty 100 Equal Weight Index, subject to tracking errors.
