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Kotak Mutual Fund has launched Kotak BSE Sensex Index Fund, an open-ended scheme replicating/tracking the BSE Sensex Index.
The underlying index tracks the performance of the top 30 large-cap companies.
In a press release, Nilesh Shah, Managing Director, Kotak MF, said, " The launch of the Kotak BSE Sensex Index Fund aligns with our commitment to offering both active and passive products that cater to different risk appetites and investment horizons. This index fund offers investors an opportunity to invest in the top 30 companies representing India’s large and established businesses. The BSE Sensex Index provides investors with exposure to a diversified portfolio of blue-chip companies across sectors.”
Devender Singhal, Executive Vice President and Fund Manager, Kotak MF, added, “Historically, the BSE Sensex Index has been regarded as a barometer of India’s economic growth. Investing in the BSE Sensex Index provides exposure to top 30 blue-chip companies across diverse sectors, aiming to offer long-term growth potential. Investors seeking a core portfolio allocation with a long-term perspective can consider this index fund.”
Investors can invest with a minimum amount of Rs 100 in this index fund.
