Kotak Mahindra Mutual Fund launches Kotak Nifty AAA Bond Plus SDL Apr 2031 70 30 ETF

NFO period: 11^th October - 13^th October, 2021

Highlights of the NFO:

• Scheme type - An open-ended Target Maturity Exchange Traded Fund replicating/tracking Nifty AAA Bond Plus SDL Apr 2031 70:30 Index


• Investment objective - The investment objective of the scheme is to replicate Nifty AAA Bond Plus SDL Apr 2031 70:30 Index by investing in bonds of issuers rated AAA and state development loans (SDL), subject to tracking errors. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.


• Product suitability - The product is suitable for investors who are seeking income over Target Maturity Period Target Maturity Exchange Traded Fund that seeks to track Nifty AAA Bond Plus SDL Apr 2031 70:30 Index.


• Minimum Application Amount - First investment Rs. 5,000/- and in multiple of Rs. 1/- thereafter


• Plan/ Options available - The scheme does not offer any Plans/Options for investment.


• Fund Managers - Mr. Abhishek Bisen


• Benchmark - Nifty AAA Bond Plus SDL Apr 2031 70:30 Index