Publish Date:
HDFC Mutual Fund has launched – Kotak Nifty SDL Jul 2026 Index Fund
It is an open-ended Target Maturity Index Fund investing in constituents of Nifty SDL Jul 2026 Index. A relatively high interest rate risk and relatively low credit risk.
Accordingly, the investment objective of the scheme is to track the Nifty SDL Jul 2026 Index by investing in SDLs, maturing on or before July 2026, subject to tracking difference. There is no assurance or guarantee that the investment objective of the scheme would be achieved.
Under normal circumstances, Kotak Nifty SDL Jul 2026 Index Fund will hold an allocation of 95% to 100% of its assets in Replication of securities covered by Nifty SDL Jul 2026 Index and 0% to 5% in Cash and debt/money market instruments.
As per the Scheme Information Document, Kotak Nifty SDL Jul 2026 Index Fund is a passively managed index fund which will employ an investment approach designed to track the performance of Nifty SDL Jul 2026 Index.
The Scheme will follow buy and hold investment strategy in state government securities will be held till maturity unless sold for meeting redemptions/rebalancing. The Scheme shall endeavour to replicate the index. In case, the Scheme is not able to replicate the index the Fund Manager invest subject to provisions laid down under SEBI circular dated May 23, 2022 as amended from time to time.
Kotak Nifty SDL Jul 2026 Index Fund’s performance will be benchmarked against Nifty SDL Jul 2026 Index.
The scheme will be managed by Mr Abhishek Bisen
The NFO opens for subscription on December 13, 2022 and closes on December 20, 2022. The schemes will reopen for continuous sale and repurchase on December 29, 2022
The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 5,000/- and in multiples of any amount thereafter.
The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum Capital Withdrawal (IDCW) option.