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Home >> Blog >> Kotak Nifty India Tourism Index Fund NFO: Review, Date & NAV

Kotak Nifty India Tourism Index Fund NFO: Review, Date & NAV

  


Kotak Nifty India Tourism Index Fund: Complete Overview

Kotak Nifty India Tourism Index Fund was launched by Kotak Mahindra Mutual Fund under Kotak Mahindra AMC. It is an open-ended scheme that replicates or tracks the Nifty India Tourism Index. The New Fund Offer or NFO date is from September 02 to September 16, 2024, with an NFO price of Rs.100 and any amount thereof thereafter. After Tata Nifty India Tourism Index Fund it is the second fund in the same category.

Today at the Kotak Nifty India Tourism Index Fund- NFO Fund, we're dedicated to providing you with useful information on this new NFO, including financial characteristics and prior performance if any.

 

 

Kotak Nifty India Tourism Index Fund NFO Details

  • The scheme is suitable for investors who want to achieve long-term wealth gain and returns based on the Nifty India Tourism Index performance, subject to tracking error.

  • The scheme is a very high-risk scheme. There is no assurance that the scheme's investment goal will be met.

  • The scheme will invest 95-100% of its units in equity and equity-associated securities covered by the Nifty India Tourism Index and 0-5% in Debt or Money Market Instruments. 

Keep reading to learn about the latest trends, insights, and news of this NFO Mutual Fund.

Click Here To Stay Updated With The Latest NFOs.

Fund Overview

The Kotak Nifty India Tourism Index Fund NFO minimum subscription amount is Rs.100 and any amount thereof thereof.

Start Date

02 September 2024

End Date

16 September 2024

Allotment Date/Subscription Date/Re-open Date

Allotment within 5 business days from the end date of the NFO. Scheme reopens on or before 30 September 2024 for continuous sale or repurchase.

VRO Rating

-

Expense Ratio

Nil

Exit Load

Nil

AUM 

Rs.4,44,792.28 crore (as of 30 Jun 2024).

Lock-in

NA

Stamp Duty

0.005% (From July 1st 2020)

Benchmark(s)

Nifty India Tourism Index TRI.

Min. Investment

Rs.100 and any amount thereof.

Risk

Very High

Short-Term Capital Gains (STCG)

For less than 2 years, as per Tax Slab.

Long-Term Capital Gains (LTCG)

For more than 2 years, a 12.50% Tax is applicable.

 

How To Invest In The NFO After The Closure Date?

If you have missed participating in the NFO and now want to invest in the same Scheme on a continuous basis, then on or before 30 September 2024, when the Scheme will reopen; you will have the option to participate and invest directly in the Mutual Fund by spending at NAV based price by logging on to your Demat account and search for “Kotak Nifty India Tourism Index Fund” or directly with the AMC or simply click the ‘Banner’ below.

 

 

The Objective of The Fund

The Scheme aims to deliver returns that, before expenses, correspond to the total returns of the securities represented by the underlying index, subject to tracking mistakes. Nevertheless, there can be no assurance or guarantee that the scheme's investment goals will be met.

Asset Allocation (% of Total Assets) of the Scheme's portfolio will be as follows:

Types of Instruments

Minimum Allocation (% of Total Assets)

Maximum Allocation (% of Total Assets)

Units in equity and equity-associated securities covered by the Nifty India Tourism Index.

95

100

Debt or Money Market Instruments.

0

5

 

Peers of Kotak Nifty India Tourism Index Fund

Scheme

1 Month Return

AUM (Rs.) / Fund Size (Rs.)

Tata Nifty India Tourism Index Fund

2.92%

297.46 Cr.

Since this scheme is a new scheme, hence no comparable data on its past performance against its peers is available.

 

Risk Factors In Such Funds

  • The value of the equities that make up the benchmark index is strongly correlated with the NAV of the units. The value of this will fluctuate in response to changes in the stock market, which could alter the NAV of the scheme's units.

  • The scheme's performance may be impacted by tracking inaccuracy. Nonetheless, KMAMC will make an effort to reduce tracking errors by routinely rebalancing the portfolio.

  • The scheme's success will be directly impacted by the Nifty India Tourism Index TRI's performance. Therefore, any modification in composition due to weighting or stock selection will affect the scheme.

  • The purpose of tracking error and tracking difference is to quantify how much the fund's portfolio's performance (return) deviates from the underlying index's. Any index fund has tracking error or tracking difference, which can lead to schemes producing returns that are out of line with the Nifty India Tourism Index TRI's performance or the performance of one or more securities that are included in or covered by the Benchmark.

 

Past Performance of Index Funds

Index Funds

NAV (Rs.)

Annualised Return (1 Month Return in this case)

Return / Risk

Tata Nifty India Tourism Index Fund

10.26

2.92%

Very High Risk

 

Kotak Nifty India Tourism Index Fund NFO-Who Can Invest?

This Fund is ideal for those who want to achieve long-term wealth growth and returns based on the performance of the Nifty India Tourism Index, with tracking errors taken into account.

 

Kotak Nifty India Tourism Index Fund-Growth Fund Managers:

  • Devender Singhal

  • Satish Dondapati

  • Abhishek Bisen.

Conclusion

The Kotak Nifty India Tourism Index Fund is appropriate for investors who are high risk-tolerant and aiming for capital maturity over a long horizon in an equity scheme that is subject to the tourism industry corresponding to the Nifty India Tourism Index's performance. For those who want to diversify with exposure to the tourism industry, it's an opportunity. Always assess your Financial Goals, Risk tolerance, time horizons, etc. before making an investment decision. 

Disclaimer: This NFO analysis is provided solely for informative reasons and should not be construed as investment advice. Always conduct research and talk with a financial advisor before investing.



Frequently Asked Questions

+

NAV is Rs.16.41 as of 30 August 2024.

+

Under the SEBI (Mutual Funds) Regulations, 1996 and SEBI (Portfolio Manager) Regulations, 1993, it offers mutual fund and portfolio management services.

+

NAV= (Assets-Liabilities) / No. of Shares

+

NAV expands as Net Assets Value.

+

Tracking error risk.

+

Devender Singhal

Satish Dondapati

Abhishek Bisen.

 



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