Kotak Mutual Fund launches Kotak Nifty Midcap 150 Momentum 50 Index Fund

NFO period: 19^th September – 03^rd October, 2024

Highlights of the NFO:

• Scheme type – An open-ended scheme replicating/tracking the NIFTY Midcap 150 Momentum 50 Index


• Investment objective – The investment objective of the scheme is to provide returns that, before expenses, corresponding to the total returns of the securities as represented by the underlying index, subject to tracking errors. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.


• Product suitability – This product is suitable for investors who are seeking long term capital growth return that corresponds to the performance of Nifty Midcap 150 Momentum 50 Index subject to tracking error.


• Minimum Application Amount – First investment Rs. 100/- and any amount thereafter


• Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Income Distribution cum capital withdrawal (IDCW) with Payout of Income Distribution cum Capital Withdrawal Option and Reinvestment of Income Distribution cum Capital Withdrawal Option.


• Fund Managers – Mr. Devender Singhal, Mr. Satish Dondapati and Mr. Abhishek Bisen


• Benchmark – Nifty Midcap 150 Momentum 50 Index (Total Return Index (TRI))