Kotak Mutual Fund launches Kotak Nifty India Tourism Index Fund

NFO opens on 2-September-2024; closes on 16-September-2024

Mumbai, September 2, 2024: Kotak Mahindra Asset Management Company Ltd (“KMAMC” / “Kotak Mutual Fund”) today announced the launch of Kotak Nifty India Tourism Index Fund, an open-ended scheme replicating/tracking the Nifty India Tourism Index. The scheme opens for public subscription on September 2, 2024, and closes on September 16, 2024.

The Kotak Nifty India Tourism Index comprises stocks selected from the Nifty 500 Index, representing the travel and tourism theme. The weight of each stock in the index is based on its free-float market capitalization. The Index includes a portfolio of companies from various sectors driving India’s tourism industry, such as airlines, travel infrastructure, hotels, restaurants, and travel-related services. This index offers investors exposure to the growing tourism sector, capitalizing on changing travel trends like staycations, workcations, and rising business travel and adventure. It provides a relatively cost-effective and transparent way to invest in the tourism landscape, reflecting the ongoing shift in how people travel and experience the world.

Nilesh Shah, Managing Director of KMAMC, said, "At Kotak Mutual Fund, our aim is to offer investment solutions that align with India's dynamic economic sectors. The Kotak Nifty India Tourism Index Fund opens the door for investors to participate in the booming tourism sector, driven by evolving travel trends and expanding infrastructure. This fund provides an opportunity to benefit from the potential growth of India's tourism industry.”

Devender Singhal, Executive Vice President & Fund Manager, Kotak Mahindra AMC, added, “India’s tourism sector is emerging as a major economic force, with contributions from multiple industries like airlines, hospitality and transport. The Kotak Nifty India Tourism Index Fund is designed to offer investors exposure to this broad ecosystem of growth within the tourism sector. Through this index-based approach, we provide an accessible, relatively cost-effective way for investors to participate in the long-term growth of the tourism sector.”

Past performance may or may not be sustained in future. For more details on Kotak Nifty India Tourism Index Fund please visit: https://www.kotakmf.com. For detailed index methodology kindly visit www.niftyindices.com. The sectors mentioned above do not constitute any kind of recommendation and are for information purpose only. Kotak Mahindra Mutual Fund may or may not hold position in the mentioned sectors.

Investors may consult their financial expert before making any investment decision.

About Kotak Mahindra Asset Management Co. Ltd.

Kotak Mahindra Asset Management Company Limited (KMAMC) - a wholly owned subsidiary of Kotak Mahindra Bank Limited (Kotak), is the Asset Manager for Kotak Mahindra Mutual Fund (KMF). KMAMC started operations in December 1998 and as of 31^st March 2024, has over 61.85 lakh investor folios in various schemes. KMF offers schemes catering to investors with varying risk - return profiles and was the first fund house in the country to NFO opens on 2-September-2024; closes on 16-September-2024 This is a Public document. launch a dedicated gilt scheme investing only in government securities. The company is present in 94 cities and has 101 branches as of 30^th June 2024.

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