India's First Kotak MSCI India ETF
Kotak International to set up a separate fund - Kotak MSCI India ETF Fund - for overseas investors NFO opens on 29-January-2025; closes on 12-February-2025
Mumbai, 29th January, 2025: Kotak Mahindra Asset Management Company Ltd ("KMAMC" / "Kodak Mutual Fund") today announced the launch of Kotak MSCI India ETF, India's first fund tracking the MSCI India Index. This open-ended scheme replicates or tracks the MSCI India Index and will be open for public subscription from 29 January 2025 to 12 February 2025. For international investors, Kotak International, the global business arm of the Kotak Group, has set up a separate fund named Kotak MSCI India ETF Fund to invest in the same.
The MSCI India Index is a widely recognised index used by global investors to track India's growth story. Kotak Mutual Fund is bringing this index to India for the first time, currently comprising 156 companies from the large and midcap segments of the Indian market. Covering approximately 85% of the Indian equity universe, this index offers diversification across a wide range of sectors, providing a cost-effective and transparent investment option for exposure to a broad set of companies in the large and midcap space.
Nilesh Shah, Managing Director, KMAMC, commented on the launch: "Kotak Mutual Fund is making history as the first company in India to partner with MSCI, to launch the Kotak MSCI India ETF. This isn't just another fund – it's your gateway to capturing India's economic growth through a carefully curated selection of Large and Midcap companies shaping the nation's future. The launch of this ETF reflects our dedication to provide products that suit varying risk appetites and investment horizons. The Kodak MSCI India ETF could be an ideal choice for investors both global and domestic, who believe in India's enduring potential and are ready to be part of its remarkable journey. This Fund is suitable for investors with a long-term view."
Meanwhile, Kotak International has set up the Kotak MSCI India ETF Fund to facilitate global investors keen to participate in this opportunity. This fund will be open for subscription to a varied set of global investors.
Shyam Kumar, President & Head, Kotak International added, "The Kotak MSCI India ETF Fund is a gateway for global investors to tap into India's dynamic growth story. This innovative fund feeds into the underlying Kotak MSCI India ETF that offers a diversified exposure to Indian equities by replicating the MSCI India Index. With India's robust economic trajectory, the Kotak MSCI India ETF Fund is poised to be a valuable addition to any global portfolio. At Kotak International, we are dedicated to provide cutting-edge investment solutions that cater to the evolving needs of our investors worldwide."
The Kotak MSCI India ETF is an addition to the company's product line-up in the passive category, catering to investors' interest in India's Large and Midcap space. The index signifies key sectors of the economy, ranging from Consumer Discretionary, Finance to Healthcare and Real Estate. This ETF based approach allows investors to potentially benefit from the overall growth and potential of Indian companies in these segments.
For detailed information, refer SID of Kotak MSCI India ETF or visit www.kotakmf.com
Mutual Fund investments are subject to market risks, read all scheme related documents carefully. About Kotak Mahindra Asset Management Co. Ltd.
Kotak Mahindra Asset Management Company Limited (KMAMC) - a wholly owned subsidiary of Kotak Mahindra Bank Limited (Kotak), is the Asset Manager for Kotak Mahindra Mutual Fund (KMF). KMAMC started operations in December 1998 and as of 31st December 2024, has over 70.43 Lakh unique folios in various schemes. KMF offers schemes catering to investors with varying risk - return profiles and was the first fund house in the country to launch a dedicated gilt scheme investing only in government securities. The company is present in 96 cities and has 104 branches as of 31st December 2024.
For more information, kindly visit www.kotakmf.com
About Kotak International
Kotak International, the global business arm of the Kotak Group, bridges global investors with India's vibrant growth story. With over 30 years of presence, the company has an AUM of $6Bn (as of 31st December 2024) and provides a tailored suite of asset management, advisory, and investment solutions to global clients seeking investment opportunities in India.
Kotak International has a global presence in key financial hubs - Singapore, London, New York, Dubai, and Mauritius - and operates via the following subsidiaries:
- Kotak Mahindra Asset Management (Singapore) Pte. Ltd. (KMAMS)
- Kotak Mahindra (UK) Ltd. (KMUK)
- Kotak Mahindra Inc. (KMInc)
- Kotak Mahindra (International) Ltd. (KMIL)
For more information, kindly visit www.kotak-international.com
