Bissoy.com
Doctors Medicines MCQs Q&A

In January 2022, Kotak Mahindra Mutual Fund announced the launch of Kotak Midcap 50 ETF, an open-ended scheme that will track the Nifty Midcap 50 Index. What is the minimum investment amount for the scheme?

In January 2022, Kotak Mahindra Mutual Fund announced the launch of Kotak Midcap 50 ETF, an open-ended scheme that will track the Nifty Midcap 50 Index. What is the minimum investment amount for the scheme? Correct Answer ​₹5000

The correct answer is ​₹5000

Key Points

  • Kotak Mahindra Mutual Fund has announced the launch of Kotak Midcap 50 ETF, an open-ended scheme that will track the Nifty Midcap 50 Index.
    • T he scheme opened for subscription on 6 January 2022 and closes on January 20, 2022.
    • Investors can invest a minimum amount of ₹5,000 during the period.
    • The Kotak Midcap 50 ETF will replicate the Nifty Midcap 50 Index.

Addi tional Information

  • ​An exchange-traded fund (ETF) is a type of security that tracks an index, sector, commodity, or other assets.
    • It can be bought or sold on a stock exchange in the same way that a regular stock can.
    • An ETF is called an exchange-traded fund because it is traded on an exchange just like a stock.​

Important Points

  • Kotak Mahindra Bank:
    • Founded: 2003
    • Headquarters: Mumbai, Maharashtra
    • MD & CEO: Uday Kotak
    • Tagline: Let’s make money simple

Related Questions

Kotak Mahindra Bank has acquired 1.3 crore shares i.e., around 46.7% equity of Kotak Mahindra Pension Fund from Kotak Mahindra Asset Management Company Limited (KMAMC). Where is Kotak Mahindra Bank headquartered?
In March 2022, which of the following has launched its Nifty Midcap 50 Index Fund, an open-ended index fund tracking the Nifty Midcap 50 Index?
In February 2022, which of the following has announced the launch of its NIFTY 100 Index Fund and NIFTY 100 Equal Weight Index Fund?
Which of the following mutual fund company has announced the launch of Nifty Smallcap 50 Index Fund, an open-ended index fund on 22 February 2022?
Navi Mutual Fund has launched Navi Nifty Midcap 150 Index Fund. The fund will have a total expense ratio (TER) of how much per cent for the direct plan?
Kotak Mahindra Bank will handle the salary account of the Indian Army personnel. Where is Kotak Mahindra Bank headquartered?
In February 2022, which of the following has launched its Asset Nifty Midcap 150 Exchange-Traded Fund (ETF)?
Which mutual fund company has launched its Nifty 100 Low Vol 30 ETF (exchange-traded fund) to measure the performance of the low volatile securities in March 2022?
In a mutual fund Capti, customers gets 100% increment in 5 years and in another mutual fund Capfirst customers get 200% in 12 years. What amount will Anamika get after 3 years if she invests total of Rs. 27000 in these two mutual funds in the ratio of 5 : 4? (Assume both mutual fund credits interest in simple rate)
Axis Mutual Fund has launched a new fund offer of ‘Axis Banking ETF’. What does T stands for in ETF?