CURRENT AFFAIRS
CURRENT AFFAIRS
Description
Kotak Mahindra AMC has launched the Kotak BSE PSU Index Fund, a passive equity plan that mirrors the BSE PSU Index and includes 56 PSU stocks. This product seeks to capitalize on the current surge in public sector undertaking (PSU) companies. Investors can participate in India's economic trajectory through a low-cost investment instrument that the fund manages methodically.
Fund Details And Objectives
The Kotak BSE PSU Index Fund aims to mirror the total returns of the BSE PSU Index, subject to tracking mistakes. It invests 100-95% in equities and equity-related securities covered by the index, with the remaining in debt and money market instruments. The fund is benchmarked against the BSE PSU Index (Total Return Index) and seeks long-term capital appreciation.
Fund Managers
Mr. Abhishek Bisen and Mr. Devender Singhal are the fund managers of Kotak AMC, and they have vast experience in fund management and equity research. They strive to maximize profits while successfully controlling risks in accordance with the fund's objectives.
Peer Scheme Comparison
In compared to rival schemes such as the Aditya Birla Sun Life PSU Equity Fund and the ICICI Prudential PSU Equity Fund, the Kotak BSE PSU Index Fund takes a unique passive investment technique that focuses on the performance of PSU stocks.
Investment Opportunity
Investors looking for exposure to PSU companies and to profit from India's economic growth might consider the Kotak BSE PSU Index Fund, which requires a minimum investment of Rs 100 throughout the NFO period until July 24th, 2024.
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