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Kotak Mahindra Mutual Fund (MF) has launched Kotak Nifty G-Sec July 2033 Index Fund, an open-ended Target Maturity Index Fund investing in constituents of Nifty G-Sec July 2033 Index with relatively high interest rate risk and relatively low credit risk. The NFO opens for subscription on September 25, 2023 and closes on October 09, 2023. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 100 and in multiples of Re 1 thereafter.

The performance of the Scheme would be benchmarked against Nifty G-Sec July 2033 Index and its fund manager is Abhishek Bisen. 

The investment objective of the scheme is to generate returns that are commensurate (before fees and expenses) with the performance of the Nifty G-Sec July 2033 Index, subject to tracking errors.