Kotak Mutual Fund launches Kotak Nifty Midcap 150 Index Fund & Kotak Nifty Midcap 150 ETF
FinTech BizNews Service
Mumbai, March 10, 2025: Kotak Mahindra Asset Management Company Ltd (“KMAMC” / “Kotak Mutual Fund”)
has announced the launch of the Kotak Nifty Midcap 150 Index Fund & Kotak Nifty Midcap 150 ETF, an open-
ended scheme replicating/tracking the Nifty Midcap 150 Index. The scheme, which opened for public subscription on
March 10, 2025, will close on March 17, 2025.
The fund offers investors an opportunity to invest in mid-cap companies by tracking the Nifty Midcap 150 Index.
Mid-cap stocks, represented by the companies within the Nifty Midcap 150 Index, are poised for potential
growth across sectors, recognized for their operational discipline, adherence to corporate governance, and
innovative mindset. Investing in this index could provide investors an entry to participate in India’s potential
long-term growth story.
Nilesh Shah, Managing Director, KMAMC, said, "The launch of the Kotak Nifty Midcap 150 Index Fund & Kotak
Nifty Midcap 150 ETF aligns with our commitment to offering passive products that cater to different risk
appetites and investment horizons. This index fund and ETF offer investors an opportunity to invest in 150 mid-
cap companies representing emerging businesses with the potential to become market leaders in their
respective sectors. The Nifty Midcap 150 Index provides investors with exposure to a diversified portfolio of mid-
cap companies across sectors.”
Devender Singhal, Executive Vice President and Fund Manager, KMAMC, added, “Historically, the Nifty Midcap
150 Index has been instrumental in India’s economic growth. Investing in the Nifty Midcap 150 Index provides
exposure to 150 mid-cap companies across diverse sectors, aiming to offer long-term growth potential. Investors
seeking a core portfolio allocation with a long-term perspective can consider this index fund.”
