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Kotak Mahindra Asset Management Company Ltd. Launches 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” / “Kotak  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 Kotak 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. 

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