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Kotak MF has launched Kotak MSCI India ETF, an open-ended exchange traded fund which aims to replicate or track the MSCI India index.
The Morgan Stanley Capital International (MSCI) index is an index used by global investors to track India’s growth story. It comprises 156 companies from the large and mid-cap segments of the Indian market and covers approximately 85% of the Indian equity universe. It offers diversification across a wide range of sectors and provides a cost-effective and transparent investment option for exposure to a broad set of companies in the large and midcap space.
While speaking about the new fund, Nilesh Shah, MD, Kotak MF said, “The launch of this ETF reflects our dedication to provide products that suit varying risk appetites and investment horizons. The Kotak MSCI India ETF could be an ideal choice for investors both global and domestic, who believe in India's enduring potential and are ready to be part of its remarkable journey. This fund is suitable for investors with a long-term view.”
Shyam Kumar, President & Head, Kotak International added, “The Kotak MSCI India ETF fund is a gateway for global investors to tap into India's dynamic growth story. This innovative fund feeds into the underlying Kotak MSCI India ETF that offers a diversified exposure to Indian equities by replicating the MSCI India Index. With India's robust economic trajectory, the Kotak MSCI India ETF Fund is poised to be a valuable addition to any global portfolio.”
