Kotak Mahindra Mutual Fund has announced the launch of Kotak Midcap 50 ETF, an open-ended scheme that will track the Nifty Midcap 50 Index.

The scheme opened for subscription on Thursday and closed on January 20, 2022. Investors can invest a minimum amount of Rs 5,000 during the period.

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The new fund offering (NFO) is benchmarked against the Nifty Midcap 50 Index (TRI), which captures the movement of the mid-cap stocks in the market.