Kotak Mutual Fund has launched Kotak Nifty 100 Low Volatility 30 Index Fund, an open-ended scheme replicating or tracking the Nifty 100 Low Volatility 30 Index.
ETMarkets.com
The new fund offer or NFO of the scheme opened for subscription on May 22 and will close on May 31. The scheme will reopen for continuous sale and repurchase on or before June 12.
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Benchmark and Fund Manager
The scheme is benchmarked against NIFTY 100 Low Volatility 30 Index (Total Return Index). It will be managed by Devender Singhal and Satish Dondapati (equity investments), and Abhishek Bisen (debt investments).
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Investment Objective
The investment objective of the scheme is to provide returns that, before expenses, correspond to the total returns of the securities as represented by the underlying index, subject to tracking errors.
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Allocation of Assets
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The investment strategy would revolve around reducing the tracking error through rebalancing of the portfolio, taking into account the change in weights of stocks in the index as well as the incremental collections/redemptions from the scheme.
ANI
The scheme is suitable for investors who are seeking long-term capital growth and want returns that correspond to the performance of Nifty 100 Low Volatility 30 Index subject to tracking error.
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“Investors looking to invest in large companies and wanting further lower volatility can now opt for Nifty 100 low volatility 30 index as an investment option. A bouquet of 30 largecap companies from the Nifty 100 index that constitutes this fund can help investors diversify their portfolios for long-term capital appreciation. We are excited to launch the Kotak Nifty 100 Low Volatility 30 Index Fund NFO,” said Devender Singhal, Executive Vice President and Fund Manager, Kotak Mutual Fund.
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