Kotak Nifty Smallcap 50 Index Fund, an NFO launched under Kotak Mahindra Mutual Fund “index fund category”, is an open-ended fund which invests in stocks comprising the underlying index and attempts to track the benchmark index, subject to tracking errors.
The fund’s investment strategy is based on passive investment strategy with investments in equities mirroring the Nifty Smallcap 50 Index. The investment strategy aims to reduce the tracking error to the least by rebalancing the portfolio.
The scheme is for those investors who have a very high-risk appetite, want to invest for 7 to 10 years in a mutual fund and want to diversify their investments across companies of different market caps should invest in the fund.
Very high level of risk.
Minimum amount one can start investing is Rs. 5,000 and can purchase minimum additional units of Rs. 1,000. Minimum SIP/SWP/STP for monthly frequency is Rs. 1,000.