MUTUAL FUNDS
Kotak Mutual Fund files offer document for Nifty Alpha 50 Index Fund
Feb-04-2025
Kotak Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Kotak Nifty Alpha 50 Index Fund'. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be nil. The scheme offers both growth and dividend option for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.

The performance of the scheme will be benchmarked by Nifty Alpha 50 Index (Total Return Index (TRI)). The minimum application amount is Rs 100 and any amount thereafter.

The investment objective of the scheme is to replicate the composition of the Nifty Alpha 50 Index and to generate returns that are commensurate with the performance of the Nifty Alpha 50 Index.

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