Kotak Mahindra Asset Management Company has introduced the Kotak Nifty 200 Momentum 30 ETF, an open-ended exchange-traded fund designed to track the performance of the Nifty 200 Momentum 30 Index.
The new ETF opened for public subscription on September 22 and will remain open until October 6.
The Nifty 200 Momentum 30 Index selects 30 stocks from the Nifty 200 based on their Normalised Momentum Score, which factors in both 6-month and 12-month price returns adjusted for daily price return volatility. The weight of each stock in the index is determined by combining its momentum score with its free-float market capitalisation. The index is rebalanced semi-annually.
Nilesh Shah, Managing Director of Kotak Mahindra AMC, said, “Momentum investing, the principle behind this ETF, captures the potential of stocks showing strong price trends relative to the overall market. This smart beta approach can be beneficial during periods of economic growth, though investors should be aware of the volatility involved.”
Devender Singhal, Executive Vice President and Fund Manager at Kotak Mahindra AMC, added, “The ETF systematically backs stocks that are already demonstrating strength, using a transparent, rules-based approach. It allows investors to participate in these trends without needing to monitor the market daily.”
This launch is part of Kotak’s growing passive investment offerings and aims to serve investors interested in momentum-based strategies through a structured and disciplined approach.
As of June 30, 2025, Kotak Mahindra Mutual Fund managed over 74.44 lakh unique folios across its various schemes and maintained a presence in 102 cities with 113 branches.
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