Kotak Mutual Fund Filed Draft Documents With SEBI to Launch 3 New Schemes

Kotak Mutual Fund has submitted draft documents to SEBI for the launch of three new funds: Kotak Nifty 100 Equal Weight ETF, Kotak Nifty AAA Financial Services Bond Mar 2028 Index Fund, and Kotak MSCI India ETF.

Kotak Nifty 100 Equal Weight ETF

This open-ended scheme aims to replicate or track the Nifty 100 Equal Weight Index. The investment objective is to match the performance of the Nifty 100 Equal Weight Index, subject to tracking errors. The ETF will be benchmarked against the Nifty 100 Equal Weight Index (Total Return Index or TRI).

The fund will be managed by Devender Singhal, Satish Dondapati, and Abhishek Bisen. The minimum application amount is ₹5,000, with subsequent investments allowed in any amount. The scheme will invest 95-100% of its assets in equity and equity-related securities covered by the Nifty 100 Equal Weight Index and 0-5% in debt and money market instruments.

Kotak Nifty AAA Financial Services Bond Mar 2028 Index Fund

This open-ended, sectoral Target Maturity Debt Index Fund will invest in the constituents of the Nifty AAA Financial Services Bond Mar 2028 Index, focusing on moderate interest rate risk and relatively low credit risk. The scheme aims to generate returns in line with the performance of the Nifty AAA Financial Services Bond Mar 2028 Index, which tracks the performance of AAA-rated issuers in the financial services sector maturing around the index’s target date.

Benchmarking against the Nifty AAA Financial Services Bond Mar 2028 Index, the fund will be managed by Abhishek Bisen. The minimum application amount is ₹100, with subsequent investments allowed in any amount. The fund will allocate 95-100% in securities covered by the Nifty AAA Financial Services Bond Mar 2028 Index and 0-5% in cash and debt/money market instruments.

Kotak MSCI India ETF

This open-ended scheme will replicate or track the MSCI India Index. The investment objective is to match the performance of the MSCI India Index, subject to tracking errors. The scheme will be benchmarked against the MSCI India Index (Total Return Index or TRI).

The fund will be managed by Devender Singhal, Satish Dondapati, and Abhishek Bisen. The minimum application amount is ₹5,000, with subsequent investments allowed in any amount. The scheme will allocate 95-100% in equity and equity-related securities covered by the MSCI India Index and 0-5% in debt and money market instruments.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.