Kotak MSCI India ETF NFO review: Will it be a gamechanger?

Kotak MSCI India ETF opened for public subscription on January 29, and will remain open until February 12. This is the first time an Indian fund will track the MSCI India Index. But despite its novelty, it doesn't offer anything new. Before we explain why, here's a quick look at the ETF details. Kotak MSCI India ETF NFO snapshot  NFO period January 29 to February 12, 2025 Benchmark MSCI India index Fund manager (s) Devender Singhal, Satish Dondapati and Abhishek Bisen Expense ratio Up to 1 per cent  Tax treatment If units are sold within a year, capital gains will be taxed at 20 per cent. If units are sold after a year, capital gains will be taxed at 12.5 per cent. However, gains of up to Rs 1.25 lakh are tax-exempt. About MSCI India Index The index, which is maintained by MSCI (Morgan Stanley Capital International), is home to the top 85 per cent of India's equity market. They will calculate this as per the company's market value. As of December 21, 2024, the MSCI India Index is home to 156 largest companies in the country. Is 156 an odd number? That's because these are the companies that make up 85 per cent of India's equity market. In the future, if 120 or 180 stocks come to represent 85 per cent of the market, that's how many stocks will make up the index. It's all about reflecting the top 85 per cent, no matter the exa