Kotak Mahindra Asset Management Company has launched the Kotak Nifty Top 10 Equal Weight Index Fund today, 7th April. This is an open-ended index fund that aims to follow the Nifty Top 10 Equal Weight Index.
The New Fund Offer (NFO) is open for subscription starting today, 7th April 2025, and will remain open till 21st April 2025.
Kotak MF NFO: Start investing with just ₹100
In this Kotak NFO, investors can begin with a minimum investment of ₹100. After that, any amount can be added. You can also invest through a SIP, with the minimum SIP amount also being ₹100.
The scheme’s benchmark is the Nifty Top 10 Equal Weight TRI. There is no lock-in period, and no exit load will be charged. The fund managers of this scheme are Devendra Singhal, Satish Dondapati, and Abhishek Bisen.
Kotak MF NFO: Where will the fund invest?
As per the Scheme Information Document (SID), the scheme will invest between 95% to 100% in equity and equity-related instruments that are part of the Nifty Top 10 Equal Weight TRI. It can also invest from 0% to 5% in debt and money market instruments.
Kotak MF NFO: Investment strategy
The fund house says that the NFO will use a passive investment approach to meet its goals. Kotak Nifty Top 10 Equal Weight Index Fund is an open-ended index fund aiming to mirror the returns of the Nifty Top 10 Equal Weight TRI.
However, tracking errors may affect returns. The fund will invest in securities that match its benchmark index, as stated in the Scheme Information Document (SID).
Kotak MF NFO: Who should consider investing?
As per the fund house, this NFO may be suitable for investors looking for long-term capital growth and those interested in open-ended index funds that track the Nifty Top 10 Equal Weight TRI. This scheme is classified as high risk on the riskometer.
