MUTUAL FUNDS
Kotak Mahindra MF introduces IT ETF
Feb-26-2021

Kotak Mahindra Mutual Fund (MF) has launched the Kotak IT ETF, an open-ended scheme replicating/ tracking NIFTY IT Index. The NFO opens for subscription on February 26, 2021 and closes on March 01, 2021. The Entry load and Exit Load will be nil. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against the performance to NIFTY IT Index TRI and Devender Singhal and Satish Dondapati will be the designated fund managers of the scheme.

The investment objective of the scheme is to replicate the composition of the NIFTY IT Index and to generate returns that are commensurate with the performance of the NIFTY IT Index, subject to tracking error.

  RELATED NEWS >>