Kotak Nifty Midcap 150 Momentum 50 Index Fund Direct Growth

Kotak Nifty Midcap 150 Momentum 50 Index Fund Direct Growth is an equity fund. This fund was started on 8 October, 2024. The fund is managed by Abhishek Bisen, Devender Singhal, Satish Dondapati. The fund could potentially beat inflation in the long-run.

1. Kotak Nifty Midcap 150 Momentum 50 Index Fund Direct Growth has ₹75 Cr worth of assets under management (AUM) as on Feb 2025 and is less than category average.
2. The fund has an expense ratio 0.3.
   

Kotak Nifty Midcap 150 Momentum 50 Index Fund Direct Growth has given a CAGR return of -15.83% since inception.

Kotak Nifty Midcap 150 Momentum 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Financial Services, Health, Consumer Cyclical, Industrial, Basic Materials, Energy, Real Estate, Communication, Utilities. Its top holdings are BSE Ltd, Persistent Systems Ltd, Indian Hotels Co Ltd, Max Healthcare Institute Ltd Ordinary Shares, Coforge Ltd

As it is a index funds mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The investment objective of the scheme is to provide returns that, before expenses, corresponding to the total returns of the securities as represented by the underlying index, subject to tracking errors.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Kotak Nifty Midcap 150 Momentum 50 Index Fund Direct Growth has no lock in period.