Kotak BSE PSU Index Fund NFO: Should you invest?

Kotak Mutual Fund, India's fifth largest fund house, unveiled its latest passive fund offering, Kotak BSE PSU Index Fund, last week (July 10). The launch coincides with the PSU index (a collection of government-owned companies) inching ahead of the broader market in recent months. The new fund will remain open for investor subscription until July 24, 2024. Kotak BSE PSU Index Fund: At a glance Type of fund Open-ended index fund The index it'll track BSE PSU Index Fund manager(s) Devender Singhal, Satish Dondapati, Abhishek Bisen Exit Load Nil Taxation If units are sold within a year, capital gains will be taxed at 15 per cent. If units are sold after one year, capital gains are taxed at 10 per cent. Gains of up to Rs 1 lakh are tax-exempt. About the fund and the index Since Kotak BSE PSU Index Fund is an index fund, it will buy and sell company stocks in similar proportions as present i