Kotak Mutual Fund Launches India's First MSCI India ETF
| Aspect | Details |
|---|---|
| Why in News | Launch of India's first ETF tracking the MSCI India Index by Kotak Mutual Fund. |
| ETF Name | Kotak MSCI India ETF |
| Objective | Replicate the performance of the MSCI India Index. |
| Benchmark | MSCI India Index (Total Return Index). |
| Investment Strategy | 95-100% in equities, 0-5% in debt and money market instruments. |
| Minimum Investment | ₹5,000, with subsequent investments in multiples of ₹1. |
| Fund Managers | Devender Singhal, Satish Dondapati, Abhishek Bisen. |
| SEBI Filing | Filed in April 2024 for approval of three passive funds, including this ETF. |
| Upcoming Funds | Kotak S&P BSE PSU Index Fund and Kotak Nifty 100 Low Volatility 30 Index Fund. |
| Key Features | Diversification, accessibility, cost-effectiveness, and ease of trading. |