Kotak Nifty Midcap 50 Index Fund NFO: Review, Date & NAV

Arabian Petroleum Ltd. Ipo31 Jul, 2024Business

The Kotak Nifty Midcap 50 Index Fund is a new open-ended scheme by Kotak Mahindra Mutual Fund, introduced on July 25, 2024. This fund aims to track and replicate the performance of the NIFTY Midcap 50 Index, providing returns corresponding to the total returns of the securities in the index, subject to tracking errors. The scheme aims to provide returns that, subject to tracking errors, reflect the performance of the NIFTY Midcap 50 Index before expenses. It will invest 95-100% of its assets in equity and equity-related securities of the index and 0-5% in debt and money market instruments.