Kotak Mutual Fund launches Kotak Nifty 10 Equal Weight Index Fund
India, April 10, 2025: Kotak Mahindra Asset Management Company Ltd (“KMAMC” / “Kotak Mutual Fund”) announced the launch of the Kotak Nifty Top 10 Equal Weight Index Fund, an open-ended scheme replicating/tracking the Nifty Top 10 Equal Weight Index. The scheme opens for public subscription on April 7, 2025, and closes on April 21, 2025.
The Kotak Nifty Top 10 Equal Weight Index Fund offers investors a unique opportunity to invest in India’s top 10 companies based on market capitalisation, each given equal weight. This ensures balanced exposure without over-reliance on any single stock. Unlike market cap-weighted indices, where larger companies dominate, this strategy ensures an investment approach that avoids over-concentration in a single stock.
Nilesh Shah, Managing Director, KMAMC, said, “At Kotak Mutual Fund, our goal is to provide investors with a range of diverse and innovative investment opportunities. While market leadership matters, how you invest in the market leaders matters even more. The Kotak Nifty Top 10 Equal Weight Index Fund allows investors to participate in India’s largest companies, ensuring that every leader has an equal opportunity to contribute to returns. Given the recent underperformance of large-cap stocks and their valuations seeming reasonable, it might be an opportune moment for investors to consider allocation to India’s top companies by market capitalisation.’
Devender Singhal, Executive Vice President and Fund Manager, KMAMC, added, “Historically, the Nifty Top 10 Equal Weight Index has seen lower drawdowns compared to broad-based indices, making it a potentially resilient investment choice. By reducing over-reliance on a single stock and maintaining equal allocation, this fund offers a structured, rule-based approach to long-term capital growth.”
The scheme opens for public subscription on April 7th, 2025 and closes on April 21st, 2025. Investors can invest a minimum amount of Rs 100 and in any amount thereafter.