Kotak NIFTY Midcap 150 Momentum 50 Index Fund Review

Kotak NIFTY Midcap 150 Momentum 50 Index Fund Review – Kotak NIFTY Midcap 150 Momentum 50 Index Fund Review Direct NFO Open on 19 September 2024 and Close on 03 October 2024. Kotak NIFTY Midcap 150 Momentum 50 Index Fund Direct NFO Allotment Date is 08 october 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount  is ₹100. The Minimum SIP Investment Amount is 100.

Type of the Scheme

An open-ended scheme replicating/tracking the NIFTY Midcap 150 Momentum 50 Index.

Scheme Benchmark : Nifty Midcap 150 Momentum 50 Index (Total Return Index (TRI) Benchmark Rationale – Nifty Midcap150 Momentum 50 Index aims to track the performance
of the top 50 companies within the Nifty Midcap 150 selected based on their Normalized Momentum Score. The Normalized Momentum Score for each company is determined based on its 6- month and 12- month price return, adjusted for volatility. Stock weights are based on a combination of the stock’s Normalized Momentum Score and its free-float market capitalization. The composition of the aforesaid benchmark is such that, it is most suited for comparing the performance of the scheme.

Kotak NIFTY Midcap 150 Momentum 50 Index Fund Scheme Benchmark

Kotak NIFTY Midcap 150 Momentum 50 Index Fund Important Date

Investment Objective of the Scheme ? 

The investment objective of the scheme is to provide returns that, before expenses, corresponding to the total returns of the securities as represented by the underlying index, subject to tracking errors. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.

Kotak NIFTY Midcap 150 Momentum 50 Index Fund Other Details

Kotak NIFTY Midcap 150 Momentum 50 Index Fund Asset Allocation

Manager Manage the Scheme?

Fund Manger : Mr. Devender Singhal
Qualification : PGDM (Finance, Insurance) Mathematics (Hon) Delhi University
Experience :  Mr. Devender Singhal is managing the equity funds for Kotak AMC since Aug 2015. He is managing assets across multicap and hybrid strategies. He has more than 22 years of experience in fund management and equity research of which last 15 years has been with Kotak. Prior to joining Kotak AMC, He has been part of various PMS like Kotak,
Religare, Karvy and P N Vijay Financial Services.

Fund Manger : Mr. Satish Dondapati
Qualification : MBA (Finance)
Experience :  Mr. Satish Dondapati has over 16 years of experience in ETF’s. He joined Kotak AMC in March 2008 in Product’s Department. Prior to joining Kotak AMC, he was in the MF Product Team of Centurion Bank Of Punjab.

Fund Manger : Mr. Abhishek Bisen
Qualification : B A Management, MBA Finance EPAF- IIM-C
Experience :  Mr. Abhishek Bisen has been associated with the company since October 2006 and his key responsibilities include fund management of debt schemes. Prior to joining
Kotak AMC, Abhishek was working with Securities Trading Corporation of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio
Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm.

Kotak NIFTY Midcap 150 Momentum 50 Index Fund Sector Representation

Kotak NIFTY Midcap 150 Momentum 50 Index Fund Index Return

Where Will the Scheme Invest ? 

• The net assets of the Scheme will be invested in stocks constituting the NIFTY Midcap 150 Momentum 50 Index and / or its exchange-traded derivatives. This would be done by investing in the stocks comprising the NIFTY Midcap 150 Momentum 50 Index in approximately the same weightage that they represent in the NIFTY Midcap 150 Momentum 50 Index and / or investing in derivatives including futures contracts and options contracts on the Index.
• The Scheme may take equity derivatives or index derivatives position 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.
• 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)
  • Triparty repo on Government securities or treasury bills,
  • Bills re-discounting, as may be permitted by SEBI from time to time.
• Securities Lending as permitted by SEBI from time to time.

Also Read: HDFC Nifty Large Midcap 250 Index Fund Review

Kotak NIFTY Midcap 150 Momentum 50 Index Fund Registrar

Computer Age Management Services Ltd.
7th Floor, Tower II, Rayala Towers, 158,
Anna Salai, Chennai – 600002
Telephone:1800-3010-6767
Email: enq_h@camsonline.com
Website: www.camsonline.com

Kotak NIFTY Midcap 150 Momentum 50 Index Fund Form Download

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