Mumbai | Kotak Mahindra Asset Management Company Ltd. ("KMAMC"/"Kotak Mutual Fund") today announced the launch of the Kotak Nifty 500 Index Fund, an open-ended scheme that will track the Nifty 500 Index subject to tracking error. The New Fund Offer (NFO) opens on 5th October 2026 and closes on 19th October 2026.
Launching the fund, Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Co. Ltd., said, “India’s equity opportunity is increasingly broad-based, extending across sectors, industries and market-cap segments. The Kotak Nifty 500 Index Fund gives investors a simple way to participate in this breadth through a diversified portfolio that tracks a single index.”
India’s growth journey is supported by structural drivers such as urbanization, policy reforms, industrial growth, favorable demographics, digital transformation, healthy corporate balance sheets and an expanding services economy. As opportunities broaden across sectors and market-cap segments, the Nifty 500 Index offers exposure to large-cap, mid-cap and small-cap companies, representing approximately 87% of India’s listed market capitalization.[1]
Satish Dondapati, Fund Manager, Kotak Mahindra Asset Management Co. Ltd., added, “Investors seeking broad equity-market exposure often need to allocate separately across market-cap segments. The Nifty 500 Index brings together established leaders and emerging businesses in one portfolio. The Kotak Nifty 500 Index Fund offers diversified participation in India's evolving equity market through a simple, disciplined and passive investment approach.”
Kotak Nifty 500 Index Fund will follow a passive investment approach and seek to replicate the composition of the Nifty 500 Index, providing exposure to large-cap, mid-cap and small-cap segments through a single investment vehicle.
Minimum application amount during the NFO: ₹ 1000 and any amount thereafter.
On a continuous basis: ₹ 1,000 and any amount thereafter. SIP purchase: ₹ 500 and any amount thereafter, subject to a minimum of two SIP instalments of ₹ 500 each. On a continuous basis: ₹ 1000 and any amount thereafter. SIP purchase – ₹500 and any amount thereafter, subject to a minimum of two SIP instalments of ₹ 500 each.
For more information, please refer to the Scheme Information Document (SID) at https://www.kotakmf.com/Information/forms-and-downloads
Please Refer to the Below Link for the Index Methodology
niftyindices.com/Methodology/Method_NIFTY_Equity_Indices.pdf
Past performance may or may not be sustained in the future. KMAMC does not guarantee or promise any returns or future returns. For more information, please refer to the presentation here.
Investors are advised to consult their financial expert before making any investment decisions.
Notes:
[1] Bloomberg, as on 31st August 2026
About Kotak Mahindra Asset Management Co. Ltd. :
Kotak Mahindra Asset Management Company Limited (KMAMC) - a wholly owned subsidiary of Kotak Mahindra Bank Limited (Kotak), is the Asset Manager for Kotak Mahindra Mutual Fund (KMF). KMAMC started operations in December 1998 and as of 31st March 2026, has over 1.18 crore investor folios in various schemes. KMF offers schemes catering to investors with varying risk - return profiles and was the first fund house in the country to launch a dedicated gilt scheme investing only in government securities. The company is present in 113 cities and has 125 branches as of 30th June 2026.
SEBI Registered Name - Kotak Mahindra Mutual Fund
SEBI Registered Number - MF/038/98/1
For more information, please visit the company’s website at https://www.kotakmf.com
