Kotak Mutual Fund is launching a new index fund, Kotak Nifty Smallcap 50 Index Fund, that seeks to track the NIFTY Smallcap 50 Index closely and aims to achieve returns of the index, subject to tracking errors.
The New Fund Offer (NFO) period for the Kotak Nifty Smallcap 50 Index Fund is from 16th March 2023 to 29th March 2023. The scheme re-opens for continuous repurchase and sale within 5 business days from the date of allotment.
Investment Objective: To closely replicate the composition of the Nifty Smallcap 50 Index and generate returns that are commensurate with the performance of the Nifty Smallcap 50 subject to tracking errors. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Kotak Nifty Smallcap 50 Index Fund NFO Details
|Fund Name||Kotak Nifty Smallcap 50 Index Fund|
|NFO Opening Date||16th March 2023|
|NFO Closing Date||29th March 2023|
|Re-open Date||Within 5 business days from date of allotment|
|Type of Fund||Index Fund|
|Fund Manager||Mr. Devender SinghalMr. Satish Dondapati Mr. Abhishek Bisen|
|Minimum Investment Amount||INR 5000|
|Minimum Additional Purchase Amount||INR 1000|
|Suitability||Very High Risk|
|Benchmark||Nifty Smallcap 50 Index TRI|
|Plans and Options||Direct and Regular PlanGrowth and Income Distribution cum Capital Withdrawal (IDCW) Option|
- All additional investment amounts should be multiple of INR 1/-
- Minimum SIP/SWP/STP for monthly frequency is INR 1,000/-
Who Can Invest in Kotak Nifty Smallcap 50 Index Fund NFO?
Kotak Nifty Smallcap 50 Index Fund is an index fund that invests in 50 smallcap companies that closely track the Nifty Smallcap 50 Index. Therefore, investors seeking exposure to an equity scheme and smallcap companies having high-risk tolerance levels can consider investing in the scheme. Since small-cap companies are highly volatile, this is a high-risk investment. Thus, investors must be well aware of the associated risks. This smallcap fund requires a minimum investment horizon of 5 years or more.
Kotak Nifty Small Cap Fund Managers
- Mr Devendra Singhal
Mr Singhal joined Kotak AMC in 2007 and is responsible for FMCG, Automobiles, and the Media sector at Kotak Mutual Fund. He has more than 20 years of experience in fund management and equity research. Before joining the AMC, he was associated with the PMS divisions of Kotak, Religare, Karvy, and P N Vijay Financial Services.
- Mr Abhishek Bisen
Mr Bisen has been associated with Kotak AMC since 2006 and his key responsibility is fund management of Debt schemes. Prior to joining Kotak Mutual Fund, he was with Securities Trading Corporation of India Ltd. Also, he has 2 years of merchant banking experience with a leading merchant banking firm. Mr Bisen holds a BA (Management) and MBA (Finance) degree.
- Mr Satish Dondapati
Mr Dondapati has been associated with Kotak AMC since 2008 and has 13 years of rich experience in ETFs. Prior to joining Kotak Mutual Fund, he was on the MF Product Team of Centurion Bank Of Punjab. Mr Dondapati has done MBA (Finance).
Popular Funds by Kotak Mutual Fund
- Kotak Small Cap fund (G)
- Kotak Emerging Equity Scheme (G)
- Kotak Flexicap Fund (G)
- Kotak Balanced Advantage Fund (G)
- Kotak Equity Opportunities Fund (G)
|Types of Instruments||Minimum Allocation||Maximum Allocation||Risk Profile|
|Equity and equity-related securities covered by Nifty Smallcap 50 Index||95%||100%||High|
|Debt and Money Market Instruments||0||5%||Low to Medium|
Similar Mutual Funds
- Axis Nifty Smallcap 50 Index Fund
- Motilal Oswal Nifty Smallcap 250 Index Fund
- Nippon India Nifty Smallcap 250 Index Fund
- ICICI Prudential Nifty Smallcap 250 Index Fund
- Aditya Birla Sun Life Nifty Smallcap 50 Index Fund
Frequently Asked Questions
You can invest in the Kotak Nifty Smallcap 50 Index Fund through any of the following methods:
By filling out the Kotak NFO application and submitting it along with all documents and cheques to the nearest Investor Service Centre of CAMS or Kotak mutual fund office.
Kotak Mutual Fund Website
Online FinTech platforms and mutual fund platforms
Through Demat account
Through a mutual fund distributor or agent
\Yes, it is a very high-risk investment based on the riskometer. Kotak Nifty Smallcap 50 Index Fund is an index fund that closely tracks the Nifty Smallcap 50 Index. The fund invests majorly across 50 small cap companies.
No, the Kotak Nifty Smallcap 50 Index Fund has no lock-in period.
The Kotak Nifty Smallcap 50 Index Fund scheme re-opens for ongoing subscriptions, switches and redemptions within 5 business days from the date of allotment.