In January 2022, Kotak Mahindra Mutual Fund announced the launch of Kotak Midcap 50 ETF, an open-ended scheme that will track the Nifty Midcap 50 Index. What is the minimum investment amount for the scheme?

Question

Question

Answer 1

The correct answer is ₹5000

Key Points

Kotak Mahindra Mutual Fund has announced the launch of Kotak Midcap 50 ETF, an open-ended scheme that will track the Nifty Midcap 50 Index.
- T he scheme opened for subscription on 6 January 2022 and closes on January 20, 2022.
- Investors can invest a minimum amount of ₹5,000 during the period.
- The Kotak Midcap 50 ETF will replicate the Nifty Midcap 50 Index.

Addi tional Information

An exchange-traded fund (ETF) is a type of security that tracks an index, sector, commodity, or other assets.
- It can be bought or sold on a stock exchange in the same way that a regular stock can.
- An ETF is called an exchange-traded fund because it is traded on an exchange just like a stock.

Important Points

Kotak Mahindra Bank:
- Founded: 2003
- Headquarters: Mumbai, Maharashtra
- MD & CEO: Uday Kotak
- Tagline: Let’s make money simple