June 18, 2025 04:58 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Air India cancels Delhi-Paris flight too after nixing Ahmedabad-London journey | 'Can't allow mobs to take over streets, rule of law must prevail': Supreme Court slams ban on Kamal Haasan's Thug Life | Air India flight from Ahmedabad to London cancelled over unavailability of aircraft | How could Mamata Banerjee arrange alternate space so quickly?: Suvendu Adhikari cries conspiracy in Khidirpur market fire | Mumbai-bound Air India flight from San Francisco halted in Kolkata due to technical snag | Israel-Iran conflict: 110 Indian students evacuated to Armenia, to reach Delhi tomorrow | Everyone should immediately evacuate Tehran: Donald Trump as Israel-Iran conflict prevails | Khamenei appoints Major General Amir Hatami as new Iran Army chief after Israeli strikes killed top generals | Ahmedabad plane crash: Need to do extended surveillance into Boeing 787 Series, says Civil Aviation Minister | Ahmedabad plane crash: One more body recovered from debris
Kotak Mahindra

Kotak Mutual Fund launches Kotak NASDAQ 100 Fund of Fund

| @indiablooms | Jan 11, 2021, at 10:25 pm

Mumbai/UNI: Kotak Mahindra Asset Management Company on Monday announced the launch of Kotak NASDAQ 100 Fund of Fund. The New Fund Offer opens for subscription from January 11, 2021 to January 25 , 2021.

Kotak Nasdaq 100 Fund of Fund will invest in units of overseas ETFs and or funds like iShares NASDAQ 100 ETF, Lyxor NASDAQ 100 ETF and USA NASDAQ 100 Index fund (as per Scheme Information Document, i.e. SID), which in turn invest in shares listed on the NASDAQ-100.

The investment objective of the scheme is to provide long-term capital appreciation

NASDAQ-100 is one of the world's major large-cap growth indexes. It includes 100 of the largest domestic and international non-financial companies based on market capitalization which are listed on the NASDAQ Stock Exchange. These companies are leaders in information technology, telecom, retail, wholesale trade and biotechnology.

Harsha Upadhyaya, President & CIO – Equity, Kotak Mahindra Asset Management Company said, “The Kotak NASDAQ 100 Fund of Fund invests in global leaders. The Kotak NASDAQ 100 Fund of Fund offers an opportunity to invest in world’s leading non-financial companies through units of overseas ETFs and/or index funds based on the NASDAQ-100 index. Thus, an investor in the Kotak NASDAQ 100 Fund of Fund gets an opportunity to participate in the performance of the NASDAQ 100 index.”

Arjun Khanna, Vice President & Fund Manager – Equity, Kotak Mahindra Asset Management Company Limited said, 'The combined market capitalization of Apple and Amazon is more than India’s total market capitalization. Currently, 50% weightage of the NASDAQ-100 is from technology stocks. It includes companies such as Apple, Microsoft, Amazon, Tesla, Facebook and Google’s parent company Alphabet.' 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm