Kotak Mutual Fund launches Nifty Commodities Index Fund

Kotak Mutual Fund launches Nifty Commodities Index Fund
Mumbai: Kotak Mahindra Asset Management Company (Kotak Mutual Fund) has launched the Kotak Nifty Commodities Index Fund, an open-ended scheme that tracks the Nifty Commodities Index.
The New Fund Offer (NFO) will be open from February 17, 2025, to March 3, 2025. The fund provides investors access to 30 companies engaged in commodity-driven businesses. It covers key sectors such as oil, metals, mining, cement, power, and chemicals, which play a crucial role in industrial and economic expansion.

By tracking the Nifty Commodities Index, the fund offers investors an opportunity to participate in India’s long-term growth while leveraging global supply-demand trends.

Nilesh Shah, Managing Director of Kotak Mutual Fund, said, “Commodities play a key role in economic cycles, and with India’s infrastructure push, this fund provides structured exposure to commodity-driven equities at a relatively lower cost.”
Devender Singhal, Executive Vice President and Fund Manager, added, “Commodity-linked businesses are essential for economic expansion. This index fund provides broad exposure to multiple commodity sectors, balancing large-cap stability with mid-cap growth potential.”