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KMAMC Launches India’s First Kotak MSCI India ETF.

Banking & Finance | Dated: 03 Feb 2025

In January 2025, Mumbai (Maharashtra)-based Kotak Mahindra Asset Management Company Limited (KMAMC), the asset manager of Kotak Mutual Fund, launched the Kotak MSCI India Exchange-Traded Fund (ETF), India’s first ETF designed to track the Morgan Stanley Capital International (MSCI) India Index.

🎯 Key Highlights:

  • - The New Fund Offer (NFO) opened on January 29, 2025, and will close on February 12, 2025. The scheme is set to reopen for continuous trading on or before February 27, 2025.
  • - This ETF is designed for investors seeking long-term capital growth, particularly those looking for exposure to companies listed in the MSCI India Index.

💡 Other Important Facts:

  • (i) It provides diversified exposure across sectors such as consumer discretionary, finance, healthcare, and real estate, offering a cost-effective way to invest in Indian equities.
  • (ii) The minimum application amount during the NFO is ₹5,000, with the option to invest any amount thereafter. The cost per unit during the NFO is ₹10, with no exit load.
  • (iii) The MSCI India Index is a global benchmark comprising 156 large and mid-cap companies, covering approximately 85% of the Indian equity market.

📚 Test Your Knowledge:

Recently, which company launched India’s first Kotak MSCI India ETF?

Correct Answer: KMAMC

🚀 Quick Recap: