November 22, 2024 19:51 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma | Baba Siddique murder case: Arrested Akashdeep Gill used a labourer's hotspot to evade tracking, say police | Donald Trump picks 'smart and tough' Pam Bondi as new US Attorney General after Matt Gaetz withdraws | Canadian government denies media report that claims PM Modi knew of Khalistani leader Nijjar's killing | PM Modi bestowed Dominica's highest award at India-CARICOM Summit
Kotak Mutual Fund launches Kotak Nifty 50 Index Fund
Kotak Mahindra
Image: UNI

Kotak Mutual Fund launches Kotak Nifty 50 Index Fund

| @indiablooms | 31 May 2021, 04:42 pm

Mumbai/UNI: Mahindra Asset Management Company Limited (Kotak Mutual Fund) on Monday announced the launch of Kotak Nifty 50 Index Fund - a large cap index fund based on the popular NIFTY 50 Indices.

This fund will invest in 50 large cap companies represented in the popular Nifty 50 Index in the same weight and give investors a chance to become part owners of India’s most formidable companies.

The New Fund Offer opens for subscription from May 31,2021 to June 14,2021.
It is an Open-ended scheme tracking India's 50 largest and most liquid stocks Minimum Investment Size: Rs 100.

The Fund will be managed by Devendra Singhal, Satish Dondapati and Abhishek Bisen Harsha Upadhyaya, President & CIO – Equity, Kotak Mahindra Asset Management Company.

Upadhyaya said, ''Kotak Nifty 50 Index fund is a one-stop solution for long-term wealth creation and is a good choice for investors looking to participate in India’s growth story over the next few decades. As a passive, low cost fund, it allows investors to participate in a diversified portfolio of large cap blue chip companies by tracking Nifty 50 Index.''

''The best way to invest in this fund will be to start an SIP for a long period of time and increase it every year in line with increase in your savings. This fund is ideal for those who believe in investment over speculation i.e. long term patience versus short term action,'' added Upadhyaya.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.