Comments
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.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.