Kotak Fund house, launches ETFKotak Mahindra Asset Management Company launches exchange change traded fund - Kotak Sensex ETF
11 May 2008
Kotak Mahindra Asset Management Company launches exchange change traded fund - Kotak Sensex ETF.
The focus is on investment in the stocks listed in the Bombay Stock Exchange Sensex. The aim of investment of the scheme is to provide returns that closely correspond to the total returns of the BSE Sensex. In other words the scheme will be a benchmark against BSE Sensex.
The minimum investment amount for the scheme is Rs 10,000 and multiples of Rs 1,000, thereafter.
The entry load is 1 per cent for an amount less than 1 crore. There will be no entry load during the continuous offer.
The NFO ends on May 16, 2008.