Kotak Mutual Fund has filed a draft offer document with SEBI for its open ended exchange traded fund called – Kotak NV 20 ETF.
The scheme aims to provide returns before expenses that closely correspond to the total returns of stocks as represented by the NV 20 Index, subject to tracking errors. The scheme will invest 95%-100% in stocks comprising the underlying index and up to 5% in cash and debt or money market instruments.
The benchmark of the scheme is NV 20 Index. The fund will be managed by Deepak Gupta.
