Kotak NIFTY Midcap 150 Momentum 50 Index Fund : Kotak Mahindra Asset Management Company Limited (Kotak Mutual Fund) has launched its New Fund Offer (NFO) today on 19 September 2024. This NFO has been launched in the name of Kotak Nifty Midcap 150 Momentum 50 Index Fund. It is an open-ended scheme which tracks the Nifty Midcap 150 Momentum 50 Index. This scheme is opening for public subscription on 19 September 2024 and will close on 3 October 2024.
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Details of NFO
Issue Date: September 19, 2024
Issue Closing Date: October 3, 2024
Type : Open ended
Category : Equity Midcap
Minimum investment: Rs 100
Benchmark : NIFTY Midcap 150 Moment 50 TRI
Lock in Period : Nil
Exit Load : Nil
Investment Strategy of the Fund
The Nifty Midcap 150 Momentum 50 Index comprises the top 50 midcap companies of the Nifty Midcap 150 Index, selected based on their momentum score. Momentum investing focuses on stocks that have shown a positive price trend over the past 6 and 12 months. It provides a systematic way to invest in strong growth companies.
Kotak Nifty Midcap 150 Momentum 50 Index Fund offers investors an opportunity to target the potentially high-growth midcap segment while focusing on stocks that have shown recent positive performance trend.
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Nifty Midcap 150 Momentum 50 TRI Performance
Return in 1 year: 66.1 percent
Return in 3 years: 32.3% per annum
Return in 5 years: 39.9% per annum
Return in 7 years: 26.1% per annum
Return in 10 years: 27% per annum
Nifty Midcap 150 TRI Performance
Return in 1 year: 50.1 percent
Return in 3 years: 27.9% per annum
Return in 5 years: 31.9% per annum
Return in 7 years: 20.7% per annum
Return in 10 years: 20.8% per annum
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Investing in high growth midcap companies
Nilesh Shah, Managing Director, Kotak Mahindra AMC said that Kotak Nifty Midcap 150 Momentum 50 Index Fund caters to the needs of different investors based on their risk appetite and investment goals. This index fund provides investors an opportunity to invest in a rule-based index that invests in midcap companies selected with a momentum strategy. The combination of Midcap plus Momentum can provide investors an opportunity to invest in potentially high growth midcap companies without the hassle of constantly monitoring and adjusting investments.
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Who should invest in this fund
Devendra Singhal, Executive Vice President and Fund Manager, Kotak Mahindra AMC, said that the Nifty Midcap 150 Momentum 50 Index has historically outperformed other midcap indices. By focusing on momentum stocks, this fund offers investors a way to potentially benefit from price trends in a passive and disciplined manner. This strategy provides an investment opportunity to investors who are looking for growth and are able to handle some risk to access the high-growth midcap segment while maintaining a systematic, rule-based approach.
(Note: Past performance may or may not be sustained in future. The index performance shown does not in any way indicate the performance of the scheme, hence investors are advised to consult their financial expert before taking any investment decision.)
