New Fund Offer: Kotak AMC launches India’s first ever Nifty Alpha 50 ETF – check details
Kotak Mahindra Asset Management Company Limited today (December 3, 2021) announced the launch of India’s first-ever Nifty Alpha 50 ETF, Kotak Nifty Alpha 50 ETF.
In a statement, Kotak AMC said, it is an open-ended scheme that will track Nifty Alpha 50 index and gives investors an opportunity to invest in a well-diversified portfolio of stocks with high Alphas. It can also be used as a tool to balance investors’ active portfolios.
As per the statement, Kotak’s Nifty Alpha 50 ETF will track the performance of 50 stocks listed with NSE with high Alpha’s in the last one year. These companies are selected from top 300 companies by average free-float market capitalization and average daily turnover for the last six months.
What is Alpha?
Alpha, also
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