Kotak Mahindra Asset Management Company Limited (“KMAMC” / “Kotak Mutual Fund”) announces the launch of Kotak Nifty Midcap 150 Momentum 50 Index Fund. This is an open-ended scheme that tracks the Nifty Midcap 150 Momentum 50 Index. The scheme opens for public subscription on September 19, 2024 and will close on October 3, 2024.
Select based on momentum score
The Nifty Midcap 150 Momentum 50 Index comprises the top 50 midcap companies of the Nifty Midcap 150 Index, selected based on their momentum score. Momentum investing focuses on stocks that have shown a positive price trend over the past 6 and 12 months. It provides a systematic way to invest in strong growth companies.
Kotak Nifty Midcap
Kotak Nifty Midcap 150 Momentum 50 Index Fund offers investors an opportunity to target the potentially high-growth midcap segment while focusing on stocks that show recent positive performance trend.
Nilesh Shah, Managing Director, Kotak Mahindra AMC
Nilesh Shah, Managing Director, Kotak Mahindra AMC, said that the launch of Kotak Nifty Midcap 150 Momentum 50 Index Fund is in line with our commitment to offer active and passive products that meet the needs of different investors based on the category of risk taking and investment goals. This scheme is opening for public subscription on 19 September 2024 and will close on 3 October 2024. In this, investors can invest a minimum of Rs 100 and any amount thereafter.
Past performance may or may not be sustained in the future. For more information on Kotak Nifty Midcap 150 Momentum 50 Index Fund please visit: https://www.kotakmf.com. For detailed index methodology please visit www.niftyindices.com.
Disclaimer- The index performance shown does not in any way reflect the performance of the scheme and hence investors are advised to consult their financial expert before taking any investment decision.