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Kotak MF has launched Kotak Nifty Financial Services Ex-Bank Index Fund, an open-ended scheme that aims to offer diverse investment opportunities across sectors such as NBFC (Non-Banking Financial Company), HFC (Housing Finance Companies, insurance, broking, AMC (Asset Management Company), and fintech among others.
Commenting on the launch, Nilesh Shah, Managing Director of Kotak MF said in a press release, “The launch of the Kotak Nifty Financial Services Ex-Bank Index Fund is aligned with our commitment to offer products that cater to different risk appetites and investment horizons. This fund provides an opportunity for investors to participate in the potential growth of the financial services sector excluding banks.”
He added, “With the launch of this sectoral index fund, we further strengthen our overall passive fund offerings.”
The NFO is open for subscription from July 24, 2023 to August 7, 2023
