Stocks

Kotak Mahindra MF to launch Nasdaq-100 Index fund

Our Bureau Mumbai | Updated on October 06, 2020

Kotak Mahindra Mutual Fund has filed papers with SEBI for launching a new fund that will invest in units of overseas ETFs and Index Fund based on Nasdaq-100 Index.

The Kotak Nasdaq 100 Fund-of-Fund will provide long-term capital appreciation. The minimum investment during the NFO will be ₹5,000 and ₹1,000 if one is opting for minimum of six months SIP during the NFO.

The scheme follows a passive investment strategy. The AMC/ Underlying Scheme does not make any judgments about the investment merit of Nasdaq-100 Index nor will it attempt to apply any economic, financial or market analysis. The scheme would also invest in units of liquid/ debt schemes, debt and money market instruments.

Published on October 06, 2020

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