Kotak Mutual Fund files draft documents with Sebi to launch 3 funds

Kotak Mutual Fund has filed draft documents with Sebi to launch three funds. The fund house plans to launch Kotak Nifty 100 Equal Weight ETF, Kotak Nifty AAA Financial Services Bond Mar 2028 Index Fund, and Kotak MSCI India ETF.

Kotak Nifty 100 Equal Weight ETF

Kotak Nifty 100 Equal Weight ETF will be an open-ended scheme replicating/tracking the Nifty 100 Equal Weight Index.

The investment objective of the scheme will be to replicate the composition of the Nifty 100 Equal Weight Index and to generate returns that are commensurate with the performance of the Nifty 100 Equal Weight Index, subject to tracking errors.


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The scheme will be benchmarked against Nifty 100 Equal Weight Index (Total Return Index (TRI)). This ETF will be managed by Devender Singhal, Satish Dondapati, and Abhishek Bisen.

The minimum application amount will be Rs 5,000 and any amount thereafter. The scheme will allocate 95-100% in equity and equity related securities covered by the Nifty 100 Equal Weight Index and 0-5% in debt and money market instruments.

Kotak Nifty AAA Financial Services Bond Mar 2028 Index Fund

Kotak Nifty AAA Financial Services Bond Mar 2028 Index Fund will be an open-ended sectoral Target Maturity Debt Index Fund investing in constituents of Nifty AAA Financial Services Bond Mar 2028 Index with a moderate interest rate risk and relatively low credit risk.

The investment objective of the scheme will be to generate returns that are commensurate (before fees and expenses) with the performance of Nifty AAA Financial Services Bond Mar 2028 Index which seeks to track the performance of AAA issuers from the financial services sector maturing near target date of the index

The scheme will be benchmarked against Nifty AAA Financial Services Bond Mar 2028 Index. The scheme will be managed by Abhishek Bisen.

The minimum application amount will be Rs 100 and any amount thereafter. The scheme will allocate 95-100% in replication of securities covered by Nifty AAA Financial Services Bond Mar 2028 Index and 0-5% in cash and debt/money market instruments.

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Kotak MSCI India ETF

Kotak MSCI India ETF will be an open-ended scheme replicating/tracking MSCI India Index. The investment objective of the scheme will be to replicate the composition of the MSCI India Index and to generate returns that are commensurate with the performance of the MSCI India Index, subject to tracking errors.

The scheme will be benchmarked against MSCI India Index (Total Return Index (TRI)). The scheme will be managed by Devender Singhal, Satish Dondapati, and Abhishek Bisen.

The minimum application amount will be Rs 5,000 and any amount thereafter. The scheme will allocate 95-100% in equity and equity related securities covered by the MSCI India Index and 0-5% in debt and money market instruments.