India, July 31 -- Kotak Mahindra Mutual Fund has launched a new Open Ended Growth scheme named "Kotak Nifty Bank Index Fund" with maturity period of 0 days from the launch date.
The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Aug 03 to Aug 17, 2026.
According to the offer document filed with SEBI, the entry and exit load is Nil.
The minimum application amount is Rs 1,000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth, IDCW, IDCW-Reinvestment.
The fund manager of the scheme will be Satish Dondapati, while the performance of the scheme will be benchmarked against Nifty Bank Total Return.
Passive Investment in equity and equ...