Mumbai: Kotak Mahindra Asset Management Company Ltd. (“KMAMC”/”Kotak Mutual Fund”) today announced the launch of the Kotak Nifty 500 Index Fund, an open-ended scheme that will track the Nifty 500 Index subject to tracking error. The New Fund Offer (NFO) opens on 5th October 2026 and closes on 19th October 2026.
Launching the fund, Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Co. Ltd., said, “India’s equity opportunity is increasingly broad-based, extending across sectors, industries and market-cap segments. The Kotak Nifty 500 Index Fund gives investors a simple way to participate in this breadth through a diversified portfolio that tracks a single index.”
India’s growth journey is supported by structural drivers such as urbanization, policy reforms, industrial growth, favorable demographics, digital transformation, healthy corporate balance sheets and an expanding services economy. As opportunities broaden across sectors and market-cap segments, the Nifty 500 Index offers exposure to large-cap, mid-cap and small-cap companies, representing approximately 87% of India’s listed market capitalization.
Satish Dondapati, Fund Manager, Kotak Mahindra Asset Management Co. Ltd., added, “Investors seeking broad equity-market exposure often need to allocate separately across market-cap segments. The Nifty 500 Index brings together established leaders and emerging businesses in one portfolio. The Kotak Nifty 500 Index Fund offers diversified participation in India’s evolving equity market through a simple, disciplined and passive investment approach.”
Kotak Nifty 500 Index Fund will follow a passive investment approach and seek to replicate the composition of the Nifty 500 Index, providing exposure to large-cap, mid-cap and small-cap segments through a single investment vehicle.
Minimum application amount during the NFO: ₹ 1000 and any amount thereafter.
On a continuous basis: ₹ 1,000 and any amount thereafter. SIP purchase: ₹ 500 and any amount thereafter, subject to a minimum of two SIP instalments of ₹ 500 each. On a continuous basis: ₹ 1000 and any amount thereafter. SIP purchase – ₹500 and any amount thereafter, subject to a minimum of two SIP instalments of ₹ 500 each.
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