Kotak Nifty AAA Bond Jun 2025 HTM Index Fund NFO: Key details you need to know

21 Mar 2024 , 12:42 PM

Kotak Mahindra Mutual Fund is launching NFO under its “Index Funds”, named as Kotak Nifty AAA Bond Jun 2025 HTM Index Fund. The aim of the scheme is to generate returns that are commensurate (before fees and expenses) with the performance of Nifty AAA Bond Jun 2025 HTM Index, which seeks to track the performance of AAA rated bond issued by Public Sector Undertakings (PSUs), Housing Finance Companies (HFCs), Non-Banking Financial Companies (NBFCs) and Banks maturing near target date of the index, subject to tracking errors.

Investment strategy: Kotak Nifty AAA Bond Jun 2025 HTM Index Fund is a passively managed target maturity index fund which will employ an investment approach designed to track the performance of Nifty AAA Bond Jun 2025 HTM Index subject to tracking error.

Asset allocation: The scheme aims to invest in equity securities covered by the Nifty AAA Bond Jun 2025 HTM Index.

Who should invest?

Investors with a low to moderate risk appetite should invest in the Kotak Nifty AAA Bond Jun 2025 HTM Index Fund for 2-3 years.

Risk associated: Low to moderate level of risk.

Benchmark: Nifty AAA Bond Jun 2025 HTM Index

Fund Managers: Mr. Abhishek Bisen

The NFO is available for subscription from March 15 to March 26. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is ₹100/- and in multiples of any amount thereafter.

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Kotak Nifty AAA Bond Jun 2025 HTM Index Fund.