NFO Alert: Kotak Targets Alpha 50 Index Fund and Motilal Oswal Gold ETF Opens for Subscription

2 new mutual fund schemes have been launched in the market, one by Kotak Mahindra Mutual Fund and the other by Motilal Oswal Mutual Fund. While Kotak’s fund tracks a high-alpha equity index, Motilal Oswal’s scheme is focused on gold as an asset class. Both funds are currently open for subscription under their respective New Fund Offer (NFO) periods.

Kotak Nifty Alpha 50 Index Fund 

Kotak Mahindra Mutual Fund has launched the Kotak Nifty Alpha 50 Index Fund, an open-ended equity index scheme. The NFO is open from July 28, 2025 and will close on August 11, 2025.

The scheme aims to replicate the performance of the Nifty Alpha 50 TRI, which includes stocks from the Nifty 200 universe selected based on alpha scores. It is benchmarked against the Nifty Alpha 50 Total Return Index.

The fund comes with no exit load and allows investments starting from ₹100. It falls under the Very High risk category on the SEBI Riskometer, and it will be managed by Devender Singhal. Available plans include Growth and IDCW options, and the fund does not have a lock-in period.

Motilal Oswal Gold ETF 

Motilal Oswal Asset Management has introduced the Motilal Oswal Gold ETF, which is structured as an open-ended exchange-traded fund. The scheme invests primarily in physical gold and gold-related instruments, with a small portion (0–5%) in debt and money market instruments. The issue opens on July 28, 2025 and will close on July 28, 2025.

Units will be available in dematerialised form and listed on the National Stock Exchange (NSE). Investors can transact in lots of one unit via the exchange. The minimum investment during the NFO is ₹500. There is no exit load, and the scheme does not offer IDCW options.

The ETF is benchmarked to the domestic price of physical gold, and the NAV will be disclosed daily on both the fund and AMFI websites.

Read More: Best Gold Mutual Funds in India for August 2025!

Conclusion 

Both schemes offer passive exposure, one to a factor-based equity index and the other to gold. Investors can assess suitability based on asset preference, cost, and risk profile.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund Investments are subject to market risks, read all the related documents carefully before investing.