Mumbai: Kotak Mahindra Mutual Fund has launched Kotak Nifty 200 Momentum 30 Index Fund. The new fund present (NFO) opens for subscription in the mean time, May 25, 2023, and closes on June 8, 2023. As per Kotak Mahindra Mutual Fund, “this product is acceptable for merchants who’re in search of long-term capital growth.”
Kotak Nifty 200 Momentum 30 Index Fund is an open-ended scheme monitoring the Nifty 200 Momentum 30 Index. Nifty 200 Momentum 30 Index objectives to hint the effectivity of the best 30 companies contained in the Nifty 200, chosen primarily based totally on their Normalized Momentum Score.
“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 the 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,” said Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Company Ltd.
In the earlier decade, the Nifty 200 Momentum 30 TRI yielded a 20% CAGR, surpassing the Nifty 200 TRI’s 14%
Kotak Mahindra Asset Management Company Limited (KMAMC) – a totally 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 thirty first March 2023, has roughly 48.65 lakh investor folios in assorted schemes.
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Updated: 25 May 2023, 10:04 AM IST
