Kotak Mahindra Asset Management Company's NFO Opens on 6th January 2025; Closes on 20th January 2025
FinTech BizNews Service
Mumbai, 6 January, 2025: Kotak Mahindra Asset Management Company Ltd (“KMAMC” /
“Kotak Mutual Fund”) today announced the launch of Kotak Nifty Smallcap 250 Index Fund,
an open-ended scheme replicating/tracking the Nifty Smallcap 250 Index. The scheme will be
open for public subscription from January 6, 2025, to January 20, 2025.
The Nifty Smallcap 250 Index comprises 250 companies ranked 251st to 500th within the Nifty
500 Index Universe, based on their free float market capitalization. This index represents the
Smallcap segment and offers diversification by including a wide range of sectors and themes.
It provides a cost-effective and transparent investment option, giving investors exposure to a
broad set of companies in the Smallcap space.
Nilesh Shah, Managing Director of Kotak Mahindra AMC, said, "At Kotak Mutual Fund, we are
committed to offering a wide range of investment solutions to cater to the diverse needs of
our investors. The launch of the Kotak Nifty Smallcap 250 Index Fund reflects our dedication
to providing both active and passive products that suit varying risk appetites and investment
horizons. The Nifty Smallcap 250 Index will give investors exposure to a broad set of Smallcap
companies across various sectors. However, considering the stretched valuations, one should
consider investing with long term view only.”
Devender Singhal, Executive Vice President & Fund Manager, Kotak Mahindra AMC added,
"The Kotak Nifty Smallcap 250 Index Fund represents an important addition to our product
lineup in the passive category, catering to investors’ interest in India's Smallcap space.
Smallcaps signifies the key sectors of the economy, ranging from Capital Goods and Finance
to Healthcare and Consumption. While individual Smallcap stocks may exhibit varying
performance, this index-based approach allows investors to potentially benefit from the
overall growth and potential of the small-sized companies.”
