Which benchmark index will the Kotak Sensex ETF track?
The Kotak Sensex ETF will be tracking the standard BSE Sensex Index, which comprises of the top 30 stocks listed on BSE in the order of market capitalization. What is the investment objective of the Kotak Sensex ETF? 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. Tracking error is basically the deviation by which the fund returns will deviate from the benchmark index. For e.g. if BSE Sensex gives a return of 20% in 1 year and Kotak Sensex ETF gives a return of 19% in the same year, then the tracking error will be 1% – Kotak Sensex ETF lagging behind the BSE Sensex. Related: ETF: An example with returns calculations, Simplest way to Invest in ETF, Gold ETF When will the Kotak Sensex ETF open for subscription? The scheme is open to subscribers for applying for ETF shares between May 7th to May 16th, 2008. What is the Minimum investment for Kotak Sensex ETF application? Minimum applica
