The New Fund Offer (NFO) opened on October 5 and will close on October 19, 2026.
The scheme will follow a passive investment strategy and seek to replicate the composition of the Nifty 500 Index. The index comprises companies across large-, mid- and small-cap segments and represented about 87% of India’s listed market capitalisation as of August 31, 2026, according to the fund house, citing Bloomberg data.
The minimum application amount during the NFO is ₹1,000, with additional investments allowed in multiples of any amount thereafter. For systematic investment plans (SIPs), the minimum investment is ₹500, subject to at least two instalments.
The fund house said the scheme is intended to provide exposure to the broader equity market through a single index-tracking fund.
Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Company, said the equity opportunity in India is broadening across sectors, industries and market-cap segments, while fund manager Satish Dondapati said the Nifty 500 combines companies across different market-cap segments in one portfolio.
As an index fund, returns from the scheme will depend on the performance of the Nifty 500 Index, subject to tracking error, expenses and other factors. Past performance, where applicable, may not be sustained in the future.
First Published: Oct 5, 2026 1:37 PM IST