DelhiDesk Kotak Mahindra Mutual Fund has launched the Kotak Nifty 200 Momentum 30 Index Fund, which tracks the Nifty 200 Momentum 30 Index, and is suitable for investors seeking long-term capital growth. The index aims to track the top 30 companies within the Nifty 200 selected based on their Normalized Momentum Score. The strategy behind the fund is momentum investing, which captures the potential of stocks that show a strong trend in price movement relative to the overall market trend. The Nifty 200 Momentum 30 TRI yielded a 20% CAGR in the past decade, surpassing the Nifty 200 TRI’s 14%.
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– Mumbai: Kotak Mahindra Mutual Fund launches Kotak Nifty 200 Momentum 30 Index Fund
– NFO opens for subscription from May 25, 2023, to June 8, 2023
– Suitable for investors seeking long-term capital growth
– Open-ended scheme tracking the Nifty 200 Momentum 30 Index
– Nifty 200 Momentum 30 Index tracks top 30 companies within Nifty 200 based on Normalized Momentum Score
– Momentum investing captures potential of stocks with strong trend in price movement relative to overall market trend
– Momentum investing can be volatile
– In the past decade, Nifty 200 Momentum 30 TRI yielded higher returns than Nifty 200 TRI
– Kotak Mahindra Asset Management Company Limited is the asset manager for Kotak Mahindra mutual funds
– KMAMC started operations in December 1998 and has approximately 48.65 lakh investor folios in various schemes.
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