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Kotak Nifty Midcap 150 Momentum 50 Index Fund: Overview & Nav

  


Kotak Nifty Midcap 150 Momentum 50 Index Fund: Complete Overview

Kotak Mutual Fund launches Kotak Nifty Midcap 150 Momentum 50 Index Fund NFO under its AMC Kotak Mahindra Asset Management Company Ltd. This is an open-ended scheme that aims to replicate or track the Nifty Midcap 150 Momentum 50 Index.

The primary objective of the Kotak Nifty Midcap 150 Momentum 50 Index Fund is to deliver returns that, before costs, roughly match the overall returns of the stocks shown in the underlying index, allowing for tracking error. 

The Kotak Nifty Midcap 150 Momentum 50 Index Fund NFO has a subscription amount of Rs.100 and any amount thereafter. The new fund offer will expire on October 03, 2024, however, subscribers may begin participating in this Kotak NFO on September 19, 2024. This mutual fund scheme will open for ongoing sale and repurchase on October 11, 2024. The plan has a very high level of risk. It is not assured that the investing objective of the program will be achieved.

The Kotak Nifty Midcap 150 Momentum 50 Index Fund Scheme will invest 95-100% of its securities in the equity that are included in the NIFTY Midcap 150 Momentum 50 Index and 0-5% in debt and money market instruments.

"The new fund aligns with our strategy to offer both active and passive investment products. It provides a systematic way to invest in midcap companies using a momentum strategy, combining growth potential with minimal active management."

If you want to learn about the latest trends, insights, and news of NFO Mutual Fund you can keep reading to understand the offerings of this new NFO below:

 

Why Kotak Nifty Midcap 150 Momentum 50 Index Fund?

  • Diversified among 14 industries

  • Index rebalancing every six months 

  • Portfolio of the top 50 Nifty Midcap 150 Index businesses with the greatest normalized momentum score

  • Comparatively inexpensive in comparison to actively managed funds 

  • Index appropriate for methodical investment 

 

Product Suitability

Kotak Nifty Midcap 150 Momentum 50 Index Fund is suitable for investors who are seeking:

  • Long-term wealth creation.

  • Return that, subject to tracking error, reflects the Nifty Midcap 150 Momentum 50 Index's performance.

Nifty Midcap 150 Momentum 50 TRI vs Nifty Midcap 150 TRI

  • Nifty Midcap 150 Momentum 50 TRI has produced 66.1%, 32.3%, and 39.9% in 1 year, 3 years, and 5 years respectively.

Scheme Plan: This new mutual fund scheme is available in two options:

Kotak Nifty Midcap 150 Momentum 50 Index Fund-Direct Growth Plan

Kotak Nifty Midcap 150 Momentum 50 Index Fund-Regular Growth Plan

Both Plan offers-

a) Growth Option

b) Income Distribution cum Capital Withdrawal (IDCW).

 

Kotak Mutual Fund Details

  • At present, the organization provides approximately 261 schemes that accommodate investors with varying levels of risk appetite.

  • 5th largest Fund house of India in the AUM size.

  • Over 4.4 lac crores of assets are under Kotak AMC's supervision as of June 30, 2024.

  • KMAMC boasts 25.9 lac distinct investors and 86 outlets in 82 Indian cities.

  • The market share of Kotak Mahindra MF’s AUM was 6.93% of the total AUM Mutual Fund Industry as of 31 March 2024.

Click Here To Stay Updated With The Upcoming NFOs.

 

Fund Overview

Start Date

19 September 2024

End Date

03 October 2024

Allotment Date/Subscription Date/Re-open Date

The scheme reopens on October 11, 2024, for continuous sale and repurchase.

VRO Rating

-

Expense Ratio

Nil

Exit Load

Nil

AUM 

Rs.444,792.28 lac crore.

Lock-in

NA

Stamp Duty

0.005% (From July 1st 2020)

Benchmark(s)

Nifty Midcap 150 Momentum 50 Index (TRI)

Min. Investment

Rs.100 and in multiples of Rs.1.

Risk

Very High Risk

Short-Term Capital Gains (STCG)

For less than 1 year, 20% tax is applicable

Long-Term Capital Gains (LTCG)

For more than 1 year, a 12.50% Tax is applicable on the gain of Rs.1.25 lac +.

 

How to Invest in The Scheme After the Closure of The NFO?

If you have missed participating in the NFO and now want to invest in the same Scheme on a continuous basis, then on October 11, 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 Midcap 150 Momentum 50 Index Fund” or directly with the AMC or simply click the ‘Banner’ below.

 

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)

Securities in equity that are included in the NIFTY Midcap 150 Momentum 50 Index 

95

100

Debt and money market instruments.

0

5

 

Peers of Kotak Nifty Midcap 150 Momentum 50 Index Fund

Scheme

1Y Return

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

Tata Nifty Midcap 150 Momentum 50 Index Fund Direct 

59.65%

574.64 Cr.

Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct 

61.22%

636.65 Cr.


Since the Kotak Nifty Midcap 150 Momentum 50 Index Fund scheme is a new scheme, hence no comparable data on its past performance against its peers is available.

 

Risk Factors In Such Funds

  • Any index fund has tracking errors, which can result in schemes producing returns that are inconsistent with the performance of the NIFTY Midcap 150 Momentum 50 Index or any of the securities included in or covered by the index. These errors can be caused by several different things.

  • 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.

  • The program offers exposure to the benchmark and performance tracking. It is a passively managed scheme. A broad fall in stock market prices may impact the Scheme's performance. 

 

Past Performance of Midcap 150 Momentum 50 Index Funds

Scheme

NAV (Rs.)

Annualised Return

Risk

Tata Nifty Midcap 150 Momentum 50 Index Fund Direct 

19.55

59.65%

Very High

Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct 

19.55

61.22%

Very High

 

Kotak Nifty Midcap 150 Momentum 50 Index Fund-Growth Fund Managers:

  • Mr. Devender Singhal

  • Mr. Satish Dondapati

  • Mr. Abhishek Bisen.

Conclusion

Kotak Nifty Midcap 150 Momentum 50 Index Fund accesses mid-cap companies using a momentum-based approach. The fund has tremendous exposure to stocks that have a high-risk profile, and the minimum investment in it would be Rs.100. The fund gives you a diversified portfolio that gets rebalanced regularly based on the direction of the market. Consider your risk tolerance and horizon of investment.

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

 



Frequently Asked Questions

+

NAV is Rs.10 during the ongoing NFO period as of 19 September 2024.

+

Applying for the NFO is just one click away. You can simply click here to buy best mutual fund.

 

+

The minimum investment for the Scheme is Rs.100.



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