Skip to main content

Kotak Nifty ETF

Kotak Mutual Fund is launching a new open-ended scheme Kotak Nifty ETF. The scheme is like any another Nifty ETF, floating in the market. The investment objective of the fund is to provide returns that closely correspond to the total returns of the S&P CNX Nifty.

The Indicative allocation is 90 to 100% in the stocks comprising S&P CNX Nifty and 0 to 10% in Debt and Money market instruments. The units of the scheme will be listed on NSE and Investors can buy or sell units on the stock exchange.


The minimum investment amount during new fund offer is Rs.10,000 and in multiples of further purchases can be made once the units are listed on the exchange.The nav of the units is closely related to value stocks that form a part nifty.

We already have similar schemes like Nifty Bees and couple of other similar schemes listed. You can read more about at What is Nifty Bees and the Update.

What should investors do?

ETF being a passive investment carries lesser risk as compared to active fund management. The portfolio follows the index and therefore the returns depend on the performance of the index. Hence investors can invest in this scheme and also in a systematic manner once the units are listed on the NSE.

Comments

  1. Well written article. Kotak Nifty ETF is a good fund to invest.

    ReplyDelete
  2. This is similar like Nifty Bees, so one can invest.

    ReplyDelete
  3. It is better to invest, when markets correct atleast 10-15%.

    ReplyDelete
  4. It actually looks like a good fund to invest. there are a lot of similar investment schemes nowadays. it's good that there is less risk.

    ReplyDelete

Post a Comment

Popular Posts

Your Bill Amounts Are Going To Increase From June 1, 2016

Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers. It is categorized under Indirect Tax and came into existence under the Finance Act, 1994. Union Finance Minister, Arun Jaitley, in his budget announcements proposed to impose a cess, called the Krishi Kalyan Cess, @ 0.5% on all taxable services. The present rate of service tax will be hiked to 15 per cent from June 1, 2016, from 14.5 per cent. Take a look at what gets expensive:



Phone Bills: Your phone bills are going to go up. So, pay a good 15 per cent now on service tax on phone bills.

Restaurant Bills :If you are dining in a restaurant that already has service tax applicable, you are going to pay more on your eating out. Though 0.5 per cent on a single bill may not mean much, frequent diners may end-up paying a lot during the year.

Travelling: You will have to pay more for air travel, as there is a service tax on tour operators and travel agents.

Moneycontrol Terminal - Streaming Live Quotes

Moneycontrol has introduced a new feature Moneycontrol Terminal - an enhanced version of real time price updates. Though there were live quotes provided by the website previously, the present form  gives a better update of live quotes of indices and stocks.

This terminal provides live streaming quotes for both NSE and BSE free. It also provides quotes for most of the indices and also the constituents/stocks of the indices in BSE and NSE.  The terminal also provides live news and other market news, which might be useful for traders. The hardware recommended is minimum of 1 GB RAM.

It would be better if stock of any choice could be added ( market watch of a set of stocks ), which would be easier to track one's trading positions. Anyway, this is a better alternative for people who don't have access to any trading software, to view live action of the markets.




You could just try the same here at Moneycontrol Terminal


NSE Level 3 Data

Before we get into details of NSE Level 3 Data, it is important to first understand the basic operations of the stock market.  All publicly traded equities have a bid price and an ask price when they are bought and sold. The bid is the highest price a trader( or an investor) is willing to purchase a stock. The ask is the lowest price in which he is willing to sell a stock.


Depth of the Market(DOM):Looking at a Level 1, Level 2 or Level 3 quotes can give a trader, a basic idea of how a stock is performing at any given time.

Level 1 Market Data provides the basic market data which includes Bid price, Bid size, Ask price and Ask size.

Level 2 Market Data provides more information than Level I data. Mainly, it doesn't just show the highest bid and offer, but also shows bids and offers at other prices. Now level 2 provides market depth data upto 5 best bid and ask prices.

Level 3 Market Data provides market depth data upto 20 best bid and ask prices .  This primarily used by brokers and ma…