Kotak Nifty Midcap 150 Index Fund: NAV, SIP, And Returns

Kotak Nifty Midcap 150 Index Fund: Overview

Kotak Mahindra Mutual Funds introduces the Kotak Nifty Midcap 150 Index Fund and Kotak Nifty Midcap 150 ETF on 03 March 2025. Under Kotak Mahindra Asset Management Company (Kotak MAMC) price is set at Rs.100 and any amount thereafter. This new fund offer is available for subscription from Mar 03, 2025, to Mar 17, 2025. This open-ended scheme will track the Nifty Midcap 150 Index. 

This mutual fund scheme reopens for sale and repurchases on or before 28 March 2025 and carries a very high risk.

Fund Objective

The scheme has an investment objective of providing returns that, before expenses correspond to total returns of the securities represented by the underlying index, subject to reasonable tracking error.

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Nifty Midcap 150 Index

The next 150 companies (those ranked 101-250) according to the Nifty 500 Index's entire market capitalization.

Kotak Nifty Midcap 150 Index Fund Minimum SIP

The minimum SIP amount for this fund is Rs.100.

Scheme Plan: 

Kotak Nifty Midcap 150 Index Fund-Direct

Kotak Nifty Midcap 150 Index Fund-Regular

 

Fund Overview

 

Kotak Mahindra Mutual Fund Details

• AUM of Rs.4,92,719 crore as of 31 Dec 2024.

• Was established in 1985 by Uday Kotak.

• As of December 31, 2024, there are 70 schemes in operation.

 

How to Invest in the Scheme After the Closure of the NFO?

If you have missed participating in the NFO and now want to invest in the same Scheme on a continuous basis, then on 28 March 2025, when the Scheme will reopen; you will have the option to participate and invest directly in the Mutual Fund by spending at NAV based price by logging on to your Demat account and search for “Kotak Nifty Midcap 150 Index Fund” or directly with the AMC or simply click the ‘Banner’ below.

 

 

Asset Allocation (% of Total Assets) of the Scheme's portfolio will be as follows:

 

Peers of Kotak Nifty Midcap 150 Index Fund

Since this scheme is new, no comparable data on its past performance against its peers is available.

 

Risk Factors in Such Funds

• With regards to the underperforming scheme, its structure is passive and, as such, follows the Nifty Midcap 150 index for its performance yield, which will determine tracking exposure managed to. This scheme's performance stands compromised with the general decline in stock markets.

• As the scheme intends to allocate not less than 95% of the net assets in securities comprising the Nifty Midcap 150 Index, any deletion of stocks from or addition to that index may necessitate immediate liquidation of existing positions or acquisition of those positions at market prices with no regard as to whether the positions are stock satisfactory.

• All movements in the Nifty Midcap 150 Index will directly affect the performance of the scheme. Any changes to selection criteria parameters will directly impact the scheme.

• The scheme is exposed to concentration risk.
  
  

Past Performance of Midcap 150 Funds

 

Kotak Nifty Midcap 150 Index Fund-Fund Managers

• Mr. Devender Singhal

• Mr. Satish Dondapati

• Mr. Abhishek Bisen
  
  

Conclusion

With the Kotak Nifty Midcap 150 Index Fund, investors can use a passive index-tracking technique to invest in mid-sized companies. It attempts to offer long-term growth potential despite the substantial risk involved. Before investing, investors should think about the tax ramifications and market risks.

Disclaimer: Not a buy or sell recommendation. No investment advice is given. This NFO analysis is provided solely for informative purposes and should not be considered investment advice. Always conduct research and talk with a financial advisor before investing.