‘Kotak Nifty 200 Momentum 30 Index Fund’, an open-ended plan replicating/tracking the Nifty 200 Momentum 30 Index, was introduced by Kotak Mahindra Asset Management Company Ltd (Kotak Mahindra Mutual Fund). The investment firm claims that the Nifty 200 Momentum 30 Index would monitor the performance of the top 30 companies within the Nifty 200 businesses chosen using a normalized momentum score. Normalized Momentum Score is a cutting-edge metric that harnesses the fusion of 6-month and 12-month price returns, meticulously fine-tuned to account for market volatility.
The NFO will be open for subscription from May 25th, 2023 and will end on June 8th, 2023. Within five Business Days following the date of allotment(June 9th), the Schemes will reopen for continuous sale and repurchase. Subscriptions can be made starting at Rs. 5,000 and in multiples of Rs. 1/-. Both a Regular Plan and a Direct Plan are available.
About Kotak Mahindra Mutual Fund
Kotak Mahindra Asset Management Company Limited (KMAMC), an esteemed subsidiary of Kotak Mahindra Bank Limited (Kotak). As the trusted Asset Manager for Kotak Mahindra Mutual Fund (KMF), KMAMC has been driving financial excellence since its inception in December 1998. With a remarkable investor base of approximately 48.65 lakh folios across various schemes as of 31st March 2023, KMF stands as a beacon of opportunity.
Dedicated to serving investors with diverse risk-return preferences, KMF proudly offers a comprehensive range of schemes. Pioneering the financial landscape, KMF holds the distinction of being the first fund house in the country to introduce a dedicated gilt scheme, exclusively investing in government securities. Expanding its reach far and wide, KMAMC operates in 88 cities and boasts an extensive network of 95 branches as of 31st March 2023.
Kotak Nifty 200 Momentum 30 Index Fund – NFO Detail
| Type of Offer | NFO (New Fund Offer) |
| Fund House | Kotak Mahindra Mutual Fund |
| Name of the Fund | Kotak Nifty 200 Momentum 30 Index Fund |
| Type of Scheme | Open-ended |
| Category of Scheme | Equity: Large cap |
| NFO Starts | 25-May-2023 |
| NFO Ends | 08-June-2023 |
| NFO Unit Price | Rs 10 per unit |
| Minimum Investment | Rs. 5000 |
| Plans | Regular, Direct |
| Options | Growth, IDCW |
| Entry Load | Not Applicable |
| Exit Load | Nil. |
| Investment Manager | Kotak Mahindra Asset Management Company Limited |
| Fund Manager | Mr. Devender Singhal, Mr. Satish Dondapati and Mr. Abhishek Bisen |
Kotak Nifty 200 Momentum 30 Index Fund NFO – Scheme Objective
The Investment objective of the Scheme is to provide returns that, before expenses, corresponds to the total return of the securities as represented by the underlying index, subject to tracking error.
Kotak Nifty 200 Momentum 30 Index Fund NFO – Who Can Invest?
This product is suitable for investors who are seeking*:
- Long term capital growth.
- Return that corresponds to the performance of Nifty 200 Momentum 30 Index, subject to tracking error.
How Will the Scheme Allocate Its Asset
- 95-100% in Equity & Equity related Securities covered by Nifty 200 Momentum 30 Index*
- 0-05% in Debt Securities and Money Market Instruments.
Where Will the Scheme Invest?
The Scheme shall invest in the following securities as per the limits specified in the asset allocation table of Scheme, subject to SEBI (MF) Regulations.
- The net assets of the Scheme will be invested in stocks constituting the Nifty 200 Momentum 30 Index and / or its exchange traded derivatives. This would be done by investing in the stocks comprising the Nifty 200 Momentum 30 Index in approximately the same weightage that they represent in the Nifty 200 Momentum 30 Index and / or investing in derivatives including futures contracts and options contracts on the Index
- The Scheme may take derivatives or index derivatives positions subject to the guidelines issued by SEBI from time to time and in line with the overall investment objective of the Scheme.
- Equity and equity related securities including convertible bonds and debentures and warrants carrying the right to obtain equity shares.
- Securities created and issued by the Central and State Governments and/or repos/reverse repos in such Government Securities as may be permitted by RBI (including but not limited to coupon bearing bonds, zero coupon bonds and treasury bills).
- Debt obligations of domestic Government agencies and statutory bodies, which may or may not carry a Central/State Government guarantee (including but not limited to Indian Government Bond, State Development Loans issued and serviced at the Public Debt Office, Bonds issued by Central & State Government PSU’s which are guaranteed by Central or State Governments)
- Corporate debt (of both public and private sector undertakings) including Non-convertible debentures (including bonds) and non-convertible part of convertible securities having residual maturity of upto 91 days.
- Units of Mutual Fund Schemes;
- Reverse repos in such Government Securities as may be permitted by RBI;
- Short Term Deposits of banks (both public and private sector) and development financial institutions to the extent permissible under SEBI Regulations;
- Money market instruments permitted by SEBI/RBI, having maturities of up to one year but not limited to:
- Certificate of Deposits (CDs).
- Commercial Paper (CPs)
- Tri Party repo on Government securities or treasury bills, Bills rediscounting*, as may be permitted by SEBI from time to time.
- Securities Lending as permitted by SEBI from time to time
- Transfer of investments from one scheme to another scheme in the same Mutual Fund, shall be allowed, in lines with SEBI circular no. SEBI/HO/IMD/DF4/CIR/P/2020/202 dated October 08, 2020.
Kotak Nifty 200 Momentum 30 Index Fund NFO – SID (Scheme Information Document)
Please click here to read the SID (Scheme Information Document) of this upcoming NFO scheme.
How to Invest?
Visit this page on the AMC website for further detail and investment.
Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.
