Kotak Mutual Fund launches Kotak NIFTY 200 Momentum 30 Index Fund

Kotak Mahindra Mutual Fund has launched Kotak NIFTY 200 Momentum 30 Index Fund, an open-ended scheme replicating/ tracking the Nifty 200 Momentum 30 Index.

The new fund offer of the scheme is open for subscription and will close on June 8. The scheme will open for sale and repurchase within five business days from the date of allotment.

The performance of the scheme will be benchmarked against the NIFTY 200 Momentum 30 Index (Total Return Index). The scheme will be managed by Devender Singhal, Satish Dondapati, and Abhishek Bisen.


The investment objective of the scheme is to provide returns that, before expenses, corresponding to the total returns of the securities as represented by the underlying index, subject to tracking error.

To achieve the investment objective, the scheme will follow a passive investment strategy with investments in stocks in the same proportion as in the Nifty 200 Momentum 30 Index. The investment strategy would revolve around reducing the tracking error to the least possible through rebalancing of the portfolio, taking into account the change in weights of stocks in the index as well as the incremental collections/redemptions from the scheme.

The minimum subscription amount is Rs 5,000 and in multiples of Rs 1 thereafter. The minimum amount for monthly and quarterly SIP is Rs 500 (Subject to a minimum of 10 SIP installments of Rs 500 each). The scheme will offer a regular plan and direct plan – with growth and IDCW options.

The scheme will invest 95-100% in equity and equity-related securities covered by the NIFTY 200 MOMENTUM 30 Index and 0-5% in debt/ money market instruments.

The scheme is suitable for investors who are seeking long-term capital growth. Return that corresponds to the performance of the Nifty 200 Momentum 30 Index, subject to tracking errors.