Kotak Mahindra Mutual Fund filed offer document with Sebi to launch Kotak Nifty Exchange Traded Fund. It's an open-ended exchange traded fund. The investment objective of the scheme is to provide returns before expenses that closely correspond to the total returns of the S&P CNX Nifty subject to tracking errors. The scheme will invest 90% - 100% in stocks comprising S&P CNX Nifty with medium to high-risk profile. It can also invest up to 10% in debt and money market instruments with low risk profile.
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