- Date : 25/05/2023
- Read: 3 mins
Curious about the next big investment opportunity? Explore Kotak Nifty 200 Momentum 30 Index Fund NFO as it opens today. To know more, read the article!
Are you ready to embark on a journey towards potentially higher returns in the world of mutual funds? Today marks the opening of an exciting opportunity - the Kotak Nifty 200 Momentum 30 Index Fund NFO. This article provides you with all the details you need to know about this fund, which aims to track the performance of the topmost 30 companies within the Nifty 200, carefully selected based on their Normalised Momentum Score. By investing in this fund, you can potentially benefit from the growth and stability offered by these well-performing companies. With the Kotak Nifty 200 Momentum 30 Index Fund NFO, you have the chance to join the league of informed investors and make strategic choices that align with your financial goals.
Kotak Nifty 200 Momentum 30 Index Fund: Basic introduction
Kotak Mahindra Mutual Fund has introduced this index fund, an open-ended scheme that mirrors the Nifty 200 Momentum 30 Index. This index focuses on the topmost 30 companies within the Nifty 200, selected based on their Normalised Momentum Score. With this launch, investors can now participate in the performance of these selected companies through this new mutual fund offering by Kotak Mahindra Asset Management Company Ltd.
What is the Normalised Momentum Score? How does it benefit?
The Normalised Momentum Score is a metric used to evaluate the momentum of a stock based on its six-month and twelve-month price return, adjusted for volatility. This score helps investors identify stocks that exhibit strong momentum and have the potential to generate higher returns. By selecting the topmost 30 companies from the Nifty 200 Index based on their Normalised Momentum Score, this fund provides investors with exposure to momentum stocks across diverse sectors and market capitalisations. This approach can benefit investors by potentially generating higher returns and diversifying their portfolios.
Read an article: Have You Been Investing in Nifty Next 50 Index Funds Correctly?
Important dates of Kotak Nifty 200 Momentum 30 Index Fund
The newly launched fund has an open period from May 25, 2023, to June 08, 2023, with an NAV of Rs 10. Unit allotment will take place on June 15, 2023, after the initial subscription period. Following this, the fund will be open for fresh subscriptions on June 22, 2023, at the prevailing NAV.
Who should consider investing in Kotak Nifty 200 Momentum 30 Index Fund?
Investors who have a high tolerance for risk and are looking to invest in a mutual fund for a period of at least 5 years or more may consider investing in this fund.
What is the minimum subscription amount for Kotak Nifty 200 Momentum 30 Index Fund?
Rs 5000 is the minimum subscription amount and is in multiples of Rs 1 thereafter.
Read an article: Momentum investing: Buy high, sell higher with this investment strategy!
Conclusion
This NFO presents an opportunity for investors seeking exposure to top-performing companies. With a focus on momentum stocks and an open period for subscription, it caters to those with a high-risk appetite.
Watch a video on the topic
Disclaimer: This article is intended for general information purposes only and should not be construed as investment or tax or legal advice. You should separately obtain independent advice when making decisions in these areas.
Are you ready to embark on a journey towards potentially higher returns in the world of mutual funds? Today marks the opening of an exciting opportunity - the Kotak Nifty 200 Momentum 30 Index Fund NFO. This article provides you with all the details you need to know about this fund, which aims to track the performance of the topmost 30 companies within the Nifty 200, carefully selected based on their Normalised Momentum Score. By investing in this fund, you can potentially benefit from the growth and stability offered by these well-performing companies. With the Kotak Nifty 200 Momentum 30 Index Fund NFO, you have the chance to join the league of informed investors and make strategic choices that align with your financial goals.
Kotak Nifty 200 Momentum 30 Index Fund: Basic introduction
Kotak Mahindra Mutual Fund has introduced this index fund, an open-ended scheme that mirrors the Nifty 200 Momentum 30 Index. This index focuses on the topmost 30 companies within the Nifty 200, selected based on their Normalised Momentum Score. With this launch, investors can now participate in the performance of these selected companies through this new mutual fund offering by Kotak Mahindra Asset Management Company Ltd.
What is the Normalised Momentum Score? How does it benefit?
The Normalised Momentum Score is a metric used to evaluate the momentum of a stock based on its six-month and twelve-month price return, adjusted for volatility. This score helps investors identify stocks that exhibit strong momentum and have the potential to generate higher returns. By selecting the topmost 30 companies from the Nifty 200 Index based on their Normalised Momentum Score, this fund provides investors with exposure to momentum stocks across diverse sectors and market capitalisations. This approach can benefit investors by potentially generating higher returns and diversifying their portfolios.
Read an article: Have You Been Investing in Nifty Next 50 Index Funds Correctly?
Important dates of Kotak Nifty 200 Momentum 30 Index Fund
The newly launched fund has an open period from May 25, 2023, to June 08, 2023, with an NAV of Rs 10. Unit allotment will take place on June 15, 2023, after the initial subscription period. Following this, the fund will be open for fresh subscriptions on June 22, 2023, at the prevailing NAV.
Who should consider investing in Kotak Nifty 200 Momentum 30 Index Fund?
Investors who have a high tolerance for risk and are looking to invest in a mutual fund for a period of at least 5 years or more may consider investing in this fund.
What is the minimum subscription amount for Kotak Nifty 200 Momentum 30 Index Fund?
Rs 5000 is the minimum subscription amount and is in multiples of Rs 1 thereafter.
Read an article: Momentum investing: Buy high, sell higher with this investment strategy!
Conclusion
This NFO presents an opportunity for investors seeking exposure to top-performing companies. With a focus on momentum stocks and an open period for subscription, it caters to those with a high-risk appetite.
Watch a video on the topic
Disclaimer: This article is intended for general information purposes only and should not be construed as investment or tax or legal advice. You should separately obtain independent advice when making decisions in these areas.
