Kotak Nifty Next 50 Index Fund Details
Kotak mutual fund has launched a new fund offer. The name of the scheme is Kotak Nifty Next 50 Index Fund. It has opened for subscription on 17th February 2021. The offer may close on 24th February 2021. For an additional purchase or continuous sale, the scheme will be re-opened on 10th March 2021.
This is an open-ended scheme tracking Nifty Next 50 Index TRI. Moreover, the continuous offer for Units at NAV-based prices.
As of the SID, the scheme is available in two different plans such as direct and regular plans along with growth and dividend options.
Basic Details of NFO:
|NFO Name||Kotak Nifty Next 50 Index Fund|
|Subscription Period||Feb 17th, 2021- Feb 24th, 2021|
|Benchmark||NIFTY Next 50 index|
Mr. Devender Singhal and Mr. Satish Dondapati
The objective of the issue:
The investment objective of the scheme is to replace the composition of the Nifty Next 50 and to generate returns that are commensurate with the performance of the NIFTY Next 50 Index.
Through SIP: Initial purchase amount should be stands at Rs. 5,000 and in multiples of Re. 1 thereafter.
Besides, the additional purchase amount is Rs. 1,000 and in multiples of Re. 1 thereafter.
SIP investments amount should be Rs. 1,000 subject to a minimum of 6 SIP installments of Rs. 1,000 each.
Moreover, the entry and exit load not applicable to the scheme.
|Equity and Equity related securities covered by the Nifty Next 50 Index||95%||100%||Medium to High|
|Debt and Money Market Securities||0%||5%||Low to High|
The scheme will manage by Mr. Devender Singhal and Mr. Satish Dondapati. Moreover, Nifty Next 50 Index TRI will play as a benchmark to the scheme.
Disclaimer: Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Before investment, refer to the SID and statement of additional information available free of cost at any of the Investor Service Centres or distributors.