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Kotak MF has launched an open-ended scheme tracking the Nifty Smallcap 250 Index.
The underlying index Nifty Smallcap 250 Index comprises 250 companies ranked between 251st and 500th.
In a press release, Nilesh Shah, Managing Director of Kotak Mahindra AMC, said, "The launch of the Kotak Nifty Smallcap 250 Index Fund reflects our dedication to providing both active and passive products that suit varying risk appetites and investment horizons. The Nifty Smallcap 250 Index will give investors exposure to a broad set of Smallcap companies across various sectors. However, considering the stretched valuations, one should consider investing with long term view only.”
Devender Singhal, Executive Vice President & Fund Manager, Kotak Mahindra AMC added, "Smallcaps signifies the key sectors of the economy, ranging from capital goods and finance to healthcare and consumption. While individual Smallcap stocks may exhibit varying performance, this index-based approach allows investors to potentially benefit from the overall growth and potential of the small-sized companies.”
