Kotak Mahindra MF launched BSE Sensex Index Fund – CNBC TV18

Kotak Mahindra MF launched BSE Sensex Index Fund – CNBC TV18



Kotak Mahindra Asset Management Company (KMAMC) has introduced the Kotak BSE SensX Index Fund. The Open-Anded Scheme replicates or tracks the BSE SensX index.

Index fund corner

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Name of the scheme 1-year back Invest now Fund category expense ratio
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The new fund offer (NFO) is open until February 10, 2025.

The fund follows a passive investment strategy. It invests in shares in the same proportion to the BSE Sensax index. The objective of this strategy is to reduce the tracking error by regenerating the portfolio as per SEBI guidelines.

This fund gives investors risk to India’s top 30 large-cap companies.

These companies represent businesses established in diverse fields. However, the fund carries a very high -risk profile, aligning with its benchmark.

Satish Dondapati and Abhishek manage the Bisen Fund. KMAMC Managing Director Nilesh Shah said, “This index funds provide exposure for a diverse portfolio of blue-chip companies, representing India’s large and established businesses.”

To reach the CNBC TV18 investment calculator for more insight and to reach various investment calculators.

KMAMC Executive Vice President and Fund Manager Devendra Singhal said, “The BSE SensX index has historically been a barometer of India’s economic development. The fund provides long -term growth capacity for investors seeking a core portfolio allocation. ,

There is a minimum redemption amount, 100 or account remaining for all schemes, whichever is low. The minimum switch amount is also ₹ 100. Units released on the re -renovation of IDCWS will not attract entry or exit load.

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