Kotak Mutual Fund has launched Kotak Nifty 50 Index Fund - a large cap index fund. This fund will invest in 50 large cap companies represented in the Nifty 50 index.
In a press release, Harsha Upadhyaya, President & CIO – Equity, Kotak Mahindra MF said, “The fund is a good choice for investors looking to participate in India’s growth story over the next few decades. As a passive, low cost fund, it allows investors to participate in a diversified portfolio of large cap blue chip companies by tracking Nifty 50 Index.”
“This fund is ideal for those who believe in investment over speculation i.e. long term patience versus short term action,” added Harsha.
Currently, the fund house manages assets of over Rs 11,000 crore in passive funds.
