Kotak NIFTY Midcap 50 Index Fund Review – Kotak NIFTY Midcap 50 Index Fund Direct NFO Open on 25 July 2024 and Close on 08 August 2024. Kotak NIFTY Midcap 50 Index Fund Direct NFO Allotment Date is 16 August 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 50 Index.
Scheme Benchmark : Nifty Midcap 50 Index (Total Return Index (TRI) – Benchmark Rationale – Nifty Midcap 50 Index (TRI) represents the top 50 companies based on full market capitalisation from Nifty Midcap 150 index with preference given to those stocks on which derivative contracts are available on National Stock Exchange (NSE). The composition of
the aforesaid benchmark is such that, it is most suited for comparing the performance of the scheme.
Kotak NIFTY Midcap 50 Index Fund Scheme Benchmark
Top constituents by weightage
Company
Weightage
Tata Motors Ltd.
8.26
Maruti Suzuki India Ltd.
7.91
Mahindra & Mahindra Ltd.
7.85
Bajaj Auto Ltd.
7.84
Reliance Industries Ltd.
4.29
KPIT Technologies Ltd.
4.12
CG Power and Industrial Solutions Ltd.
4.06
L&T Technology Services Ltd.
4.04
Sona BLW Precision Forgings Ltd.
4.03
Bosch Ltd.
4.01
Kotak NIFTY Midcap 50 Index Fund Nfo Important Date
Scheme Offer
Groww Nifty Ev & New Age Automotive ETF FOF
Offer Price
Rs. 10/- per Unit
Type of Scheme
An open-ended
Open Date
25 July 2024
Allotment Date
16 August 2024
Close Date
8 August 2024
Category
Fund of Fund – Domestic (FOF)
Min Inv ₹
100
Lock in Period
N/A
Risk
Very High
Scheme Benchmark
Nifty EV and New Age Automotive Index
Kotak NIFTY Midcap 50 Index Fund Nfo Other Details
Exit Load
N/A
Exit Load Details
N/A
Entry Load
N/A
Stamp Duty
0.005%
Min. Investment
Rs. 100
Min. SIP
Rs. 100
Kotak NIFTY Midcap 50 Index Fund Review Asset Allocation
Instruments
Allocation Min
Allocation Max
Units of Groww Nifty EV & New Age Automotive ETF
95%
100%
Debt & Money Market Instruments / and Units of debt/liquid schemes of domestic Mutual Funds
0%
5%
Kotak NIFTY Midcap 50 Index Fund Sector Representation
Sector
Weightage
Automobile and Auto Components
69.01
Information Technology
13.48
Chemicals
8.08
Capital Goods
5.07
Oil, Gas & Consumable Fuels
4.29
Consumer Services
0.07
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 50 Index Fund Review Index Return
Index Return
QTD
YTD
1 Year
5 Years
Since Inception
Price Return
21.09
32.66
61.21
33.17
20.94
Total Return
21.40
33.09
62.57
34.51
22.12
Kotak NIFTY Midcap 50 Index Fund Review Manager Details
- Fund Manger : Mr. Abhishek Jain
- Qualification : BA, Chartered Accountant
- Experience : Mr Abhishek Jain has 12 years of experience in Equity Market. Prior to joining GMF he was associated with Edelweiss Tokio Life Insurance as a Senior Dealer. He has also worked in Acko General Insurance and Shriram Asset Management Co Ltd.
How Will The Scheme Allocate Its Assets?
- ADR/ GDR / Foreign Securities
- Structured obligation/Credit enhancements
- Securitized Debt
- Repo in Corporate Debt Securities
- Short selling
- Credit default swap
- Unrated Debt instruments
- Fund of Fund Schemes
Also Read: Navi Nifty 500 Multicap 50:25:25 Index Fund
Manager Manage the Scheme?
- Mr. Abhishek Jain
Kotak NIFTY Midcap 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
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