Kotak Mahindra Asset Management Company has launched a new index fund called the Kotak Nifty Top 10 Equal Weight Index Fund on 7th April 2025.
This is an open-ended index fund designed to follow the Nifty Top 10 Equal Weight Index.
The New Fund Offer (NFO) is open for investment from 7th April to 21st April 2025.
Investment Details and Features
Minimum Investment: You can start investing with just ₹100.
SIP Option: You can also invest through a Systematic Investment Plan (SIP), with a minimum SIP amount of ₹100.
Benchmark: The fund’s benchmark is the Nifty Top 10 Equal Weight TRI.
Lock-in & Exit Load: There is no lock-in period, and no exit load will be charged.
Fund Managers: The scheme is managed by Devendra Singhal, Satish Dondapati, and Abhishek Bisen.
Where and How the Fund Will Invest
According to the Scheme Information Document (SID):
The fund will invest 95% to 100% in equity and equity-related instruments that are part of the Nifty Top 10 Equal Weight TRI.
It may also invest 0% to 5% in debt and money market instruments.
The fund will follow a passive investment strategy, aiming to match the performance of its benchmark index. However, returns may vary slightly due to tracking errors.
Who Should Consider This Fund?
Kotak suggests that this fund is suitable for:
Investors seeking long-term capital growth.
Those interested in open-ended index funds that track the Nifty Top 10 Equal Weight TRI.
