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Kotak Mahindra Mutual Fund offers the Kotak NIFTY 100 Low Volatility 30 Index Fund

24 May 20245 mins read by Angel One
In the following article we shed light on the NFO's objectives, fund allocation, fund managers, and peer performance.
Kotak Mahindra Mutual Fund offers the Kotak NIFTY 100 Low Volatility 30 Index Fund
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Kotak Mahindra Mutual Fund offers the Kotak NIFTY 100 Low Volatility 30 Index Fund, an open-ended index fund that aims to mirror the returns of the NIFTY 100 Low Volatility 30 Index, subject to tracking errors. While there’s no guarantee the fund will achieve its objective, it invests in large-cap companies chosen for their low volatility. The new fund offering is open for subscription until May 31st, 2024 with a minimum investment of Rs. 100 and allows additional investments in any amount.

Investment Objective

The investment objective of the Kotak NIFTY 100 Low Volatility 30 Index Fund is to provide returns that, before expenses, correspond to the total returns of the securities as represented by the underlying index, subject to tracking errors. However, there is no assurance that the investment objective of the Scheme will be achieved.

This NFO of Kotak NIFTY 100 Low Volatility 30 Index Fund is suitable for investors who are seeking long term capital growth and return that corresponds to the performance of NIFTY 100 Low Volatility 30 Index subject to tracking error

Risk-o-meter:

Funds Allocation

Types of Instruments Risk Profile Minimum Allocation (% of Net Assets) Maximum Allocation (% of Net Assets)
Equity and Equity related securities covered by NIFTY 100 Low Volatility 30 Index Very High 95 100
Debt/Money Market Instruments Low to

Moderate

0 5

Benchmark

The performance of the Kotak NIFTY 100 Low Volatility 30 Index Fund is benchmarked against NIFTY 100 Low Volatility 30 Index (Total Return Index).

Fund Managers

Mr. Abhishek Bisen (45 years old) holds a BA in Management, an MBA in Finance, and has completed the Executive Program in Advanced Finance (EPAF) from IIM Calcutta. He has been associated with the company since October 2006, where his key responsibilities include managing the funds of debt schemes.

Mr. Devender Singhal (46 years old) possesses a PGDM in Finance and Insurance, as well as a Mathematics (Honors) degree from Delhi University. He has been managing the equity funds for Kotak Asset Management Company (AMC) since August 2015. His management scope includes assets across multicap and hybrid strategies. Mr. Singhal brings over 22 years of experience in fund management.

Mr. Satish Dondapati (44 years old) holds an MBA in Finance and has amassed over 16 years of experience specifically in managing Exchange-Traded Funds (ETFs).

Peer Mutual Fund Schemes 

Scheme Name Launch Date AUM (Crore) Expense Ratio (%) Returns as on – 21-05-2024 in %
2024 2023
Bandhan Nifty100 Low Volatility 30 Index Fund 06-10-2022 612.53 1.02 4.22 29.64
Motilal Oswal S&P BSE Low Volatility Index Fund 23-03-2022 49.50 1.03 8.72 28.88
UTI S&P BSE Low Volatility Index Fund 03-03-2022 368.54 0.91 8.99 29.36
Nippon India Nifty Alpha Low Volatility 30 Index Fund 21-08-2022 317.59 0.87 15.57 37.23
All Index Funds 7.98 21.47

Data as of May 21, 2024

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.

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