mutual-fund

Kotak Mahindra AMC to launch Indias 1st Nifty Alpha 50 ETF. Details here

Kotak Mahindra AMC to launch Indias 1st Nifty Alpha 50 ETF. Details here

Kotak Mahindra Asset Management Company will launch India’s first ever Nifty Alpha 50 ETF, Kotak Nifty Alpha 50 ETF, which will track Nifty Alpha 50 index. This open-ended fund will provide the opportunity to invest in a well-diversified portfolio of stocks with high Alphas. It can also be used as a tool to balance investors’ active portfolios. Alpha, also referred to as ‘excess return’, is a term that measures the return earned by a stock above or below demanded by the market for its risk class, a release said. Here are the 5 things to know about the fund: Nilesh Shah, Group President and Managing Director, Kotak Mahindra Asset Management Co. Ltd. said, “Our decision to launch Kotak Nifty Alpha 50 ETF comes at a time when the market has cooled down and valuations have eased. The diversified stocks in the ETF will be based on Kotaks well-defined strategy that will benefit investors over the long term. Download.

mutual-fund 2021-12-03 Livemint