Kotak Mahindra Mutual Fund introduces Nifty Alpha 50 Index Fund
Kotak Mahindra Mutual Fund has launched Kotak Nifty Alpha 50 Index Fund, an open-ended scheme replicating/tracking the Nifty Alpha 50 Index. The NFO opens for subscription on July 28, 2025 and closes on August 11, 2025. 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 with Nifty Alpha 50 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 Alpha 50 Index and to generate returns that are commensurate with the performance of the Nifty Alpha 50 Index, subject to tracking errors.
