Kotak Mahindra MF introduces Nifty 50 Equal Weight Index Fund
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Kotak Mahindra Mutual Fund has launched Kotak Nifty 50 Equal Weight Index Fund, an open-ended scheme replicating/tracking the Nifty 50 Equal Weight Index. The NFO opens for subscription on December 02, 2024 and closes on December 16, 2024. 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 Nifty 50 Equal Weight 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.
