What is an ETF?

An Exchange-Traded Fund, or ETF, is a passively managed fund tracking a benchmark index and reflects the performance of that index. ETF is an open-ended mutual fund listed on a stock exchange. It trades like any other equity share on the stock exchange.

What is Kotak Sensex ETF ?

Kotak Sensex ETF tracks the BSE SENSEX . The fund manager would invest predominantly in stocks forming part of the underlying in the same ratio. Kotak Sensex ETF endeavors to mirror the returns given by the SENSEX as closely as possible, post expenses. Units of this ETF can be bought and sold like any other equity share on the stock exchange through a stockbroker.. Any investor eligible to invest in equity shares is eligible to invest in Kotak Sensex ETF. Kotak Sensex ETF will be listed at BSE. The value of Kotak Sensex ETF units is continuous during normal trading hours. Each Kotak Sensex ETF unit is approximately valued at 1/100th of the BSE SENSEX value. For example, if the SENSEX is at 16500 points, one unit of Kotak Sensex ETF will trade approximately at Rs. 165.