Kotak MF to launch two ETFs
April 23, 2021
The fund units will be listed on the BSE
Kotak Mutual Fund has filed papers for launching two passive funds – Nifty 100 Low Vol 30 ETF and Kotak Nifty Alpha 50 ETF.
The Nifty 100 Low Vol 30 ETF will make investments in the constituents of the index to generate returns that are commensurate with the performance of the Nifty 100 Low Volatility 30 index.
The Kotak Nifty Alpha 50 ETF will invest in the constituents of Nifty Alpha 50 index and generate returns that are commensurate with the performance of the index.
The ETF units will be listed on BSE and all purchase and sale of units by investors other than Authorised Participants and large investors will be done on the stock exchange.