Mumbai, 23rd May, 2023 (GNI): Kotak Mahindra Asset Management Company Ltd (Kotak Mahindra Mutual Fund) today announced the launch of Kotak Nifty 200 Momentum 30 Index Fund, an open-ended scheme replicating/tracking the Nifty 200 Momentum 30 Index.
Nifty 200 Momentum 30 Index aims to track the performance of the top 30 companies within the Nifty 200, selected based on their Normalized Momentum Score. This Normalized Momentum Score is determined by 6-month and 12-month price return, adjusted for volatility. This selection offers investors exposure to momentum stocks across market capitalizations and diverse sectors.
In the past decade until April 28, 2023, the Nifty 200 Momentum 30 TRI yielded a 20% CAGR, surpassing the Nifty 200 TRI’s 14% (Source: NSE, Since Apr 2013)
Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Company Ltd, said, “Momentum investing, the driving principle behind this fund, is a strategy that takes advantage of the persistence of stock price trends. It captures the potential of stocks that show a strong trend in price movement relative to overall market trend. This approach to investing can be potentially beneficial during periods of economic growth. But one should keep in mind that momentum investing can be volatile. With the launch of this smart beta index fund, we further strengthen our overall passive fund offerings.”
The NFO opens for subscription on May 25, 2023 and closes on June 8, 2023.
The performance of the index shown does not in any manner indicate the performance of the Scheme. Past performance may or may not be sustained in future. For detailed scheme related disclosures please refer our website https://www.kotakmf.com/Information/forms-and-downloads. Investors may consult their financial expert before making any investment decision.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
About Kotak Mahindra Asset Management Company Limited
Kotak Mahindra Asset Management Company Limited (KMAMC) – a wholly owned subsidiary of Kotak Mahindra Bank Limited (Kotak), is the Asset Manager for Kotak Mahindra Mutual Fund (KMF). KMAMC started operations in December 1998 and as of 31st March 2023, has approximately 48.65 lakh investor folios in various schemes. KMF offers schemes catering to investors with varying risk – return profiles and was the first fund house in the country to launch a dedicated gilt scheme investing only in government securities. The company is present in 88 cities and has 95 branches as of 31st March, 2023.
For more information, please visit the company’s website at https://www.kotakmf.com
KOTAK NIFTY 200 MOMENTUM 30 INDEX FUND – An open-ended scheme replicating/tracking the Nifty 200 Momentum 30 Index
This product is suitable for investors who are seeking*
| · Long term capital growth· Return that corresponds to the performance of Nifty 200 Momentum 30 Index, subject to tracking errors. | Scheme Risk-o-meter | Benchmark Risk-o-meter |
* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
(The product labelling assigned during the New Fund Offer is based on internal assessment of the Scheme Characteristics or model portfolio and the same may vary post NFO when actual investments are made)
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.ends GNI SG
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