NFO opens on 19/09/2024; closes on 03/10/2024
FinTech BizNews Service
Mumbai, September 19, 2024: Kotak Mahindra Asset Management Company Ltd (“KMAMC” /
“Kotak Mutual Fund”) today announced the launch of Kotak NIFTY Midcap 150 Momentum 50 Index
Fund, an open-ended scheme replicating/tracking the NIFTY Midcap 150 Momentum 50 Index. The
scheme opens for public subscription on September 19, 2024 and closes on October 03, 2024.
The NIFTY Midcap 150 Momentum 50 Index consists of the top 50 midcap companies from the Nifty
Midcap 150 Index, selected based on their momentum scores. Momentum investing focuses on
stocks that have shown a positive price trend over the last 6 & 12 months, providing a systematic
way to invest in companies with strong upward movement.
Kotak NIFTY Midcap 150 Momentum 50 Index Fund offers investors an opportunity to target the
potentially high-growth midcap segment, while focusing on stocks showing recent positive
performance trends.
Nilesh Shah, Managing Director, Kotak Mahindra AMC said, "The launch of the Kotak NIFTY Midcap
150 Momentum 50 Index Fund aligns with our commitment to offering active and passive products
that cater to different risk appetites and investment horizons. This index fund offers investors an
opportunity to invest in a rule-based index that invests in midcap companies selected with the
momentum strategy. The Midcap plus Momentum combination can provide investors the
opportunity to invest in midcap companies with potential high growth without the hassle of
constantly monitoring and adjusting investments."
Devender Singhal, Executive Vice President & Fund Manager, Kotak Mahindra AMC, said, “The NIFTY
Midcap 150 Momentum 50 Index has historically outperformed other midcap indices. By focusing on
momentum stocks, this fund offers investors a way to potentially benefit from price trends in a
passive and disciplined manner. The strategy allows investors looking for growth and able to handle
some level of risk to access the high-growth midcap segment while maintaining a systematic, rule-
based approach.”
The scheme opens for public subscription on September 19th, 2024 and closes on October 3rd, 2024.
Investors can invest a minimum amount of Rs 100 and in any amount thereafter.
