Kotak Mahindra MF introduces Nifty Midcap 150 ETF
Kotak Mahindra Mutual Fund has launched Kotak Nifty Midcap 150 ETF, an open-ended scheme replicating/tracking the Nifty Midcap 150 Index. The NFO opens for subscription on March 03, 2025 and closes on March 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 any amount thereafter.
The performance of the scheme will be benchmarked against Nifty Midcap 150 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 Midcap 150 Index and to generate returns that are commensurate with the performance of the Nifty Midcap 150 Index, subject to tracking errors.
