MUTUAL FUNDS
Kotak Mahindra Mutual Fund files offers document for Msci India ETF
Apr-30-2024
Kotak Mahindra Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Kotak NSCI India ETF'. The offer rate is Rs 10 per unit. Entry load and Exit Load will be nil. The Scheme does not offer any Plans/Options for investment and minimum target subscription amount for the Scheme to be raised is Rs 5 crore.

The performance of the scheme will be benchmarked against MSCI India Index(Total Return Index). The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.

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

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