Kotak Nifty Top 10 Equal Weight Index Fund Open For Subscription

Investors can invest in this new fund offer till 21st April 2025

Mumbai: Kotak Mahindra Asset Management Company today i.e. on 7th April launched Kotak Nifty Top 10 Equal Weight Index Fund. It is an open-ended index fund designed to track the Nifty Top 10 Equal Weight Index. This NFO of Kotak has opened for subscription from today i.e. 7th April 2025. Investors can invest in this new fund offer till 21st April 2025.

In this NFO of Kotak, investors can start investing with a minimum of ₹ 100, and after that can make additional investments in any amount. Investment can also be made in this fund through SIP. The minimum amount for doing SIP is also ₹ 100. The benchmark of the scheme is Nifty Top 10 Equal Weight TRI. There is no lock-in-period and no exit load in this fund. The fund managers of the scheme are Devendra Singhal, Satish Dondapati and Abhishek Bisen.

According to the Scheme Information Document (SID), the scheme can invest a minimum of 95% to a maximum of 100% in equity and equity-related instruments included in the Nifty Top 10 Equal Weight TRI. Similarly, a minimum of 0% and a maximum of 5% can be invested in debt and money market instruments.

According to the fund house, this NFO will follow a passive investment strategy to achieve the investment objective. Kotak Nifty Top 10 Equal Weight Index Fund This is an open-ended index fund that will attempt to replicate the performance of Nifty Top 10 Equal Weight TRI. However, it is subject to tracking error. According to the Scheme Information Document (SID), this NFO will invest in securities in line with the benchmark index.