Kotak Mahindra Mutual Fund has launched an Open-Ended Index Fund, Kotak Nifty Midcap 50 Index Fund, on July 25, 2024. Aiming to replicate the Nifty Midcap 50 Index, the fund seeks to deliver returns matching the index, excluding expenses. The New Fund Offer (NFO) closes on August 8, 2024, with a minimum investment of INR …