Contents
Key details of the Kotak Nifty 500 Index Fund NFO
| Fund house | Kotak Mahindra Mutual Fund |
|---|---|
| Category (AMFI) | Index Funds - Equity Funds |
| Scheme type | Open Ended |
| NFO opens | 5 October 2026 |
| NFO closes | 19 October 2026 |
| After the NFO | Reopens on or before 29 October 2026. |
| Offer price | ₹10 a unit |
| Minimum investment | ₹1,000 |
| Exit load | Nil |
| Benchmark | Nifty 500 Index (TRI) |
| Fund managers | Satish Dondapati, Jeetu Valechha Sonar and Abhishek Bisen |
| Maximum expense ratio | Up to 0.90% a year, before taxes and levies |
| Scheme information document | Read on AMFI (PDF) |
What Kotak Nifty 500 Index Fund will invest in
The scheme information document states the objective as: “Passive Investment in equity and equity related securities replicating the composition of Nifty 500 Index, subject to tracking error.”
How it compares with existing Nifty 500 index funds and ETFs
- 5 index funds and 2 ETFs already track the Nifty 500, according to AMFI's NAV list.
- Over the past one year to 9 October 2026, the 5 with that long a record returned between −5.7% and −5.1%.
- Over the past three years to 9 October 2026, the 2 with that long a record returned between 9.2% and 9.3% a year.
- Funds on the same index hold the same shares, so the gaps between them come mainly from expense ratios and tracking error.
| Period | Funds | Lowest | Median | Highest |
|---|---|---|---|---|
| 1 year | 5 | −5.7% | −5.4% | −5.1% |
| 3 years (per year) | 2 | 9.2% | 9.3% | 9.3% |
Index funds use Direct-Growth plans; ETFs count once each. Returns are from AMFI daily NAVs, annualised for three years, and leave out figures distorted by unit splits.
Other funds’ returns do not tell you how this fund will do. They show what the category or index has delivered and how far results have varied between funds.
What to check before investing in this NFO
- The ₹10 price is not a discount. Units start at ₹10 only to set the unit count. Returns depend on how the fund's investments move, in percentage terms, exactly as for an existing fund.
- Cost and tracking error decide the difference. Every fund on the same index holds the same shares, so the fund with the lower expense ratio and the smaller tracking error usually delivers more. A new fund's tracking error is unknown until it has run for a while; existing Nifty 500 index funds and ETFs already have a record.
- Overlap with what you already own. If you already hold a fund on the same or a broader index, a new one may add little: the underlying shares can be largely the same.
- Direct plan and costs. The direct plan pays no distributor commission, so its expense ratio is lower than the regular plan’s. Over many years the difference compounds.
After the NFO closes
Units are allotted after the offer closes. The fund then publishes a daily NAV and reopens for regular purchases, SIPs and redemptions. Reopens on or before 29 October 2026.
Once a fund has a record, Genvest Research shows its returns against its benchmark, volatility and drawdowns.
Questions people ask
The NFO closes on 19 October 2026. Fund houses can extend or close an NFO early, so check the fund house's notices close to the date.
The minimum is ₹1,000 during the NFO, according to AMFI's listing. Units are offered at ₹10 each.
No. The ₹10 starting price only sets the unit count. What you earn depends on the percentage change in the fund's investments, which is the same whether a unit costs ₹10 or ₹500.
No exit load is listed for this scheme.
The scheme information document names Nifty 500 Index (TRI) as the benchmark.
The scheme information document names Satish Dondapati, Jeetu Valechha Sonar and Abhishek Bisen as the fund managers.
That depends on what you already own and why you would add this fund. A new fund has no record of its own, so compare it with existing Nifty 500 index funds and ETFs: their costs, their returns over several years and how much they overlap with funds you hold. This page explains the facts; it is not a recommendation.
Other NFOs open now
| Fund | Type | Closes | Minimum | Existing funds |
|---|---|---|---|---|
| ICICI Prudential Contra FundICICI Prudential | Contra | 12 OctCloses today | ₹1,000 | 4 in the category |
| Mirae Asset Life Cycle Fund 2056Mirae Asset | Life cycle | 12 OctCloses today | ₹5,000 | 3 in the category |
| Nippon India CRISIL-IBX FAR Gilt ETFNippon India | ETF · CRISIL-IBX FAR Gilt | 12 OctCloses today | ₹1,000 | First on this index |
| WhiteOak Capital Diversified Equity Small Cap Active FOFWhiteOak Capital | Fund of funds | 12 OctCloses today | ₹500 | – |
| Aditya Birla Sun Life BSE Total Market ETFAditya Birla Sun Life | ETF · BSE Total Market | 14 OctCloses in 2 days | ₹500 | First on this index |
| Aditya Birla Sun Life BSE Total Market Index FundAditya Birla Sun Life | Index fund · BSE Total Market | 14 OctCloses in 2 days | ₹500 | First on this index |
| Aditya Birla Sun Life Financial Services Sectoral Debt FundAditya Birla Sun Life | Sectoral debt | 14 OctCloses in 2 days | ₹100 | 1 in the category |
| Carnelian Liquid FundCarnelian | Liquid | 14 OctCloses in 2 days | ₹500 | 46 in the category |
Sources
- AMFI new fund offer list, checked 12 Oct.
- Kotak Nifty 500 Index Fund scheme information document.
- AMFI daily NAVs to 9 Oct, for existing funds.
This page is educational research based on AMFI data and scheme information documents. It is not a recommendation to invest in any scheme, or personalised investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past performance of other funds does not indicate how a new fund will perform. Registration granted by SEBI, enlistment with IAASB and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.