Exchange traded fund from Kotak

NEW DELHI: Kotak Mahindra Asset Management Company on Thursday launched an exchange traded fund focusing on investing in stocks that comprise the BSE Sensex. The investment objective of the scheme is to provide returns that closely correspond to the total returns of the BSE Sensex subject to tracking errors. The scheme’s performance will be benchmarked against the BSE Sensex. The fund is open for subscription from May 7 to May 16. — Special Correspondent

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