Kotak Mutual Fund changes face value of units and creation unit size of Kotak Nifty ETF
Jul 14 2017
News Category: AMC Specific Updates
Kotak Mutual Fund has changed the face value of units, and according to the revision the face value of each unit offered under the scheme will be Re. 1. Under revision of creation unit size of Kotak Nifty 50, each creation unit comprises 50,000 units of Kotak Nifty ETF, and each unit of Kotak Nifty ETF will be 1/100th of Nifty 50 index. The changes will be effective from Jul 28, 2017.