Kotak Mahindra MF introduces Nifty Private Bank ETF
Kotak Mahindra Mutual Fund has launched Kotak Nifty Private Bank ETF, an open-ended scheme replicating/tracking Nifty Private Bank Index. The NFO opens for subscription on July 08, 2026 and closes on July 15, 2026. The Entry Load is not applicable and Exit load is nil for the scheme. The minimum subscription amount is Rs 1,000/- and any amount thereafter.
The performance of the Scheme will be benchmarked against Nifty Private Bank Index (Total Return Index (TRI) and its fund managers are Satish Dondapati, Jeetu Valechha Sonar and Abhishek Bisen.
The investment objective of the scheme is to provide returns that, before expenses, corresponds to the total returns of the securities as represented by the underlying index, subject to tracking errors.
