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Kotak Mutual Fund has launched Kotak Nifty Top Ten Equal Weight Index. The underlying index invests equally in the top 10 companies based on market capitalization.
Nilesh Shah, Managing Director, Kotak Mahindra AMC said, " While market leadership matters, how you invest in the market leaders matters even more. The fund allows investors to participate in India's largest companies, ensuring that every leader has an equal opportunity to contribute to returns. Given the recent underperformance of large-cap stocks and their valuations seeming reasonable, it might be an opportune moment for investors to consider allocation to India's top companies by market capitalisation.’
Devender Singhal, Executive Vice President and Fund Manager, Kotak Mahindra AMC said, “Historically, the Nifty Top 10 Equal Weight Index has seen lower drawdowns compared to broad-based indices, making it a potentially resilient investment choice. By reducing over-reliance on a single stock and maintaining equal allocation, this fund offers a structured, rule-based approach to long-term capital growth.”
