Mumbai: Kotak Mahindra Mutual Fund has launched Kotak Nifty 200 Momentum 30 Index Fund. The brand new fund provide (NFO) opens for subscription at present, Could 25, 2023, and closes on June 8, 2023. As per Kotak Mahindra Mutual Fund, “this product is appropriate for traders who’re searching for long-term capital development.”
Kotak Nifty 200 Momentum 30 Index Fund is an open-ended scheme monitoring the Nifty 200 Momentum 30 Index. Nifty 200 Momentum 30 Index goals to trace the efficiency of the highest 30 corporations throughout the Nifty 200, chosen primarily based on their Normalized Momentum Rating.
“Momentum investing, the driving precept behind this fund, is a technique that takes benefit of the persistence of inventory worth developments. It captures the potential of shares that present a powerful pattern in worth motion relative to the general market pattern. This method to investing will be probably helpful in periods of financial development. However one ought to remember that momentum investing will be risky. With the launch of this sensible beta index fund, we additional strengthen our general passive fund choices,” stated Nilesh Shah, Managing Director, Kotak Mahindra Asset Administration Firm Ltd.
Up to now decade, the Nifty 200 Momentum 30 TRI yielded a 20% CAGR, surpassing the Nifty 200 TRI’s 14%
Kotak Mahindra Asset Administration Firm Restricted (KMAMC) – an entirely owned subsidiary of Kotak Mahindra Financial institution Restricted (Kotak), is the Asset Supervisor for Kotak Mahindra Mutual Fund (KMF). KMAMC began operations in December 1998 and as of thirty first March 2023, has roughly 48.65 lakh investor folios in varied schemes.