NFO Alert: Kotak Mahindra Mutual Fund launches India’s second tourism index fund

The Kotak Nifty India Tourism Index Fund is an open-ended index fund managed by Kotak Mahindra Mutual Fund. Launched on September 2, 2024, and closing on September 16, 2024, the fund aims to replicate the performance of the Nifty India Tourism Index, tracking its returns before expenses. Investors can invest a minimum of ₹100 or any multiple thereof. The fund falls under the "Other Scheme - Index Funds" category.

Risk-o-meter:

Funds Allocation

Source: Scheme Information Document

Who should invest in this fund?

This NFO of the Kotak Nifty India Tourism Index Fund is suitable for investors who are seeking long-term capital appreciation and want returns that correspond to the performance of the Nifty India Tourism Index subject to tracking error.

Benchmark

The performance of the Kotak Nifty India Tourism Index Fund will be benchmarked to the performance of the Nifty India Tourism Index (TRI).

Peer Fund Schemes

Who Manages the Scheme?

Devender Singhal (AUM (Cr) - ₹85,109.36, Schemes – 42)

Devender Singhal has been managing the equity funds for Kotak AMC since August 2015. He is managing assets across multicap and hybrid strategies. Singhal has over 22 years of experience in fund management and equity research - of which the last 15 years have been with Kotak. Before joining Kotak AMC, he was part of various PMS like Kotak, Religare, Karvy and P N Vijay Financial Services.

Satish Dondapati

Satish Dondapati has over 16 years of experience in ETFs. He joined Kotak AMC in March 2008 in the Product Department. Before joining Kotak AMC, he was in the MF Product Team of Centurion Bank of Punjab.

Abhishek Bisen (AUM (Cr) - ₹49,266.87, Schemes – 30)

Abhishek Bisen has been associated with the company since October 2006 and his key responsibilities include fund management of debt schemes. Before joining Kotak AMC, Abhishek was working with Securities Trading Corporation of India Ltd where he was looking into Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm.

Conclusion

The Kotak Nifty India Tourism Index Fund offers a new opportunity for investors seeking long-term capital appreciation linked to the tourism sector. It’s ideal for those looking to diversify with sector-specific exposure.