Kotak Mahindra Mutual Fund launches Kotak IT ETF

Mutual Fund
Feb 26, 2021 by Advisorkhoj Team | Mutual Fund | 3 Downloaded

NFO period: 26th February – 01st March, 2021

Highlights of the NFO:

  • Scheme type – An open ended scheme replicating/ tracking NIFTY IT Index

  • Investment objective – The investment objective of the scheme is to replicate the composition of the NIFTY IT Index and to generate returns that are commensurate with the performance of the NIFTY IT Index, subject to tracking errors. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.

  • Product suitability – The product is suitable for investors who are seeking long-term capital growth by investing in stocks comprising the underlying index and endeavours to track the benchmark index.

  • Minimum Application Amount – First investment Rs. 5,000/- and in multiple of Rs. 10/- thereafter

  • Plan/ Options available – The scheme does not offer any Plans/Options for investment.

  • Fund Managers – Mr. Devender Singhal and Mr. Satish Dondapati

  • Benchmark – NIFTY IT Index TRI

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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