2026-06-17 05:54:30 pm | Source: Accord Fintech
Kotak Mahindra Mutual Fund files offer document for Nifty Private Bank ETF
Kotak Mahindra Mutual Fund has filed offer document with SEBI to launch an open-ended fund named ‘Kotak Nifty Private Bank ETF’. The New Fund Offer price for units would be Rs 10 during the NFO. Entry load and Exit load will be nil. The Scheme does not offer any plan or option for investment, and seeks to collect a Minimum Target Amount of Rs 5 crore.
The performance will be benchmarked against Nifty Private Bank Index (Total Return Index). The minimum application amount during NFO will be Rs 1000 and any amount thereafter.
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