Warm Greeting To Our Readers!!

NFO ALERT:

“Kotak AMC launches Kotak Consumption ETF NFO. The fund is open for subscription between April 4, 2022, to April 11, 2022!!”

Read below for more details about the NFO!     

Basic Details About The New Fund Offer!!

• Fund Name- Kotak Consumption ETF NFO.
• Type- An open-ended ETF (Exchange Traded Fund).
• Subscription open date- 4^th April 2022
• Subscription close date- 11^th April 2022
• Benchmark- Detail NA
• Minimum Amount for Application during NFO- Rs. 5,000 and in multiples of Re. 1/- thereafter
• Plans- Fund avails both the regular and direct plans
• Options Available- Both the regular plan and the direct plan of this scheme offer only the Growth option

Investment Objective!!

The Kotak Consumption ETF NFO is an open-ended exchange-traded fund.

The scheme seeks to replicate the composition of the NIFTY India Consumption Index and to generate returns that are commensurate with the performance of the NIFTY India Consumption Index, subject to tracking errors.

However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Exit Load And Entry Load Trends!!

The NFO does not charge any kind of entry load, nor does it charge any exit load.

Fund Managers Of The NFO!!

The fund manager appointed to manage the new NFO is Mr. Devender Singhal

Mr. Devender Singhal has an overall working experience of 16 years in equity research and fund management. Prior to joining Kotak AMC, he worked with the PMS divisions of Kotak, Religare, Karvy, and P N Vijay Financial Services.

Devender has been associated with the Kotak Group since July 2007. He is responsible for the research coverage of FMCG, Automobiles, and Media sectors at Kotak AMC since Feb 2009. He holds a BA(H) in Mathematics, PGDM (Finance).

Who Should Invest In This NFO?

The product is suitable for investors who are seeking

• Long term capital growth
• Investment in stocks comprises the underlying index and endeavors to track the benchmark index.

Note: Investors should consult their financial advisers if in doubt about whether the product is suitable for them or you can also get in touch with our executives for more suggestions. 

Keep reading our article and stay updated with the latest news about Mutual Funds!

For any kind of query, you can contact us at Shri Ashutosh Securities Pvt Ltd., we are here to help you in any way possible.

Happy Investing!

(Mutual Fund investments are subject to market risk Illustrations are for example only, there is no guarantee of returns. Past performance is not an indicator/guarantee of future returns).