Kotak Mutual Fund Launches New Index Fund Amid Startup Innovation Focus in India
2 Sources
2 Sources
[1]
Kotak Crisil-IBX AAA Financial Services Index - SEP 2027 Fund opens for subscription. Key things to know - New launch
Accelerate Your Career with Gen AI with the Top 07 Gen AI programsWhat impact can the US election have on crypto markets?With September rate cut almost a certainty, long duration debt MFs advised: Marzban Irani of LIC Mutual Fund AMCNew exit, entry criteria for F&O stocks in force. 18 risk exclusion, Zomato, Jio Fin inclusion aspirantsKolkata rape and murder case: Main accused Sanjay Roy furious over jail food, demands egg chowmeinFive altcoins with the most potential to invest in for 100x gains in 2025Kangana Ranaut Emergency controversy: Why Sikh leaders across India are demanding ban on Indira Gandhi biopicIAS officer Dharmendra appointed Chief Secretary of the National Capital Territory of DelhiDelhi Police nabs 19 cybercriminals in a month-long operation, reveal their modus operandiBrazil block on Elon Musk's X comes into effect after judge's orderBlock deals worth over Rs 43,068 crore this week. HDFC Bank, Indigo, RVNL among stocks with major actionPM Modi urges judiciary to adapt to technology for faster delivery of justice3 top stock recommendations from Rajesh Palviya for next weekFraudsters pose as bank employees, police to steal debit, credit card details, CVV, OTP; how to identify a 'fraud' callEmami acquires balance 49.6% stake in Helios Lifestyle to make it wholly-owned entity
[2]
ETWLF 2024 | Catalysts of Change: Crafting the Future Through Startups
Accelerate Your Career with Gen AI with the Top 07 Gen AI programsWhat impact can the US election have on crypto markets?With September rate cut almost a certainty, long duration debt MFs advised: Marzban Irani of LIC Mutual Fund AMCNew exit, entry criteria for F&O stocks in force. 18 risk exclusion, Zomato, Jio Fin inclusion aspirantsKolkata rape and murder case: Main accused Sanjay Roy furious over jail food, demands egg chowmeinFive altcoins with the most potential to invest in for 100x gains in 2025Kangana Ranaut Emergency controversy: Why Sikh leaders across India are demanding ban on Indira Gandhi biopicIAS officer Dharmendra appointed Chief Secretary of the National Capital Territory of DelhiDelhi Police nabs 19 cybercriminals in a month-long operation, reveal their modus operandiBrazil block on Elon Musk's X comes into effect after judge's orderBlock deals worth over Rs 43,068 crore this week. HDFC Bank, Indigo, RVNL among stocks with major actionPM Modi urges judiciary to adapt to technology for faster delivery of justice3 top stock recommendations from Rajesh Palviya for next weekFraudsters pose as bank employees, police to steal debit, credit card details, CVV, OTP; how to identify a 'fraud' callEmami acquires balance 49.6% stake in Helios Lifestyle to make it wholly-owned entity
Share
Copy Link
Kotak Mutual Fund introduces a new index fund tracking financial services, while Economic Times highlights the role of startups in shaping India's future at Women's Leadership Forum 2024.
Kotak Mutual Fund Unveils New Index Fund
Kotak Mutual Fund has announced the launch of its latest offering, the Kotak CRISIL IBX AAA Financial Services Index Sep 2027 Fund. This new fund opened for subscription on February 12, 2024, and will remain open until February 26, 2024 1. The fund aims to track the CRISIL IBX AAA Financial Services Index Sep 2027, providing investors with exposure to the financial services sector.
Key features of the fund include:
- A target maturity date of September 30, 2027
- Focus on AAA-rated bonds from financial services companies
- Minimum investment amount of ₹5,000
- Exit load waiver for redemptions on specified dates
This launch comes as part of Kotak Mutual Fund's strategy to expand its index fund offerings, catering to investors seeking passive investment options in the fixed income space.
Startups as Catalysts of Change: ET Women's Leadership Forum 2024
Parallel to developments in the mutual fund industry, the Economic Times Women's Leadership Forum (ETWLF) 2024 has highlighted the crucial role of startups in shaping India's future 2. The forum, themed "Catalysts of Change: Crafting the Future through Startups," brought together industry leaders and entrepreneurs to discuss the impact of startups on India's economic landscape.
Key points from the forum include:
- Recognition of startups as drivers of innovation and economic growth
- Emphasis on the role of women entrepreneurs in the startup ecosystem
- Discussion on how startups are addressing societal challenges and creating new opportunities
The ETWLF 2024 underscored the importance of fostering an environment that supports startup growth and encourages diverse leadership in the entrepreneurial space.
Intersection of Finance and Innovation
The simultaneous occurrence of Kotak Mutual Fund's new index fund launch and the ETWLF 2024's focus on startups highlights the dynamic nature of India's financial and entrepreneurial landscape. While established financial institutions continue to innovate with new investment products, startups are being recognized as key players in driving economic progress and social change.
This juxtaposition reflects a broader trend in India's economy, where traditional financial services are evolving alongside a burgeoning startup ecosystem. The convergence of these sectors suggests a future where financial innovation and entrepreneurial spirit will play pivotal roles in shaping India's economic trajectory.
NVIDIA's Next-Gen 'Rubin' AI Architecture: A Revolutionary Leap in Compute Technology
NVIDIA CEO Jensen Huang confirms the development of the company's most advanced AI architecture, 'Rubin', with six new chips currently in trial production at TSMC.
2 Sources
Technology
17 hrs ago
2 Sources
Technology
17 hrs ago
Databricks Acquires Tecton to Enhance AI Agent Capabilities
Databricks, a leading data and AI company, is set to acquire machine learning startup Tecton to bolster its AI agent offerings. This strategic move aims to improve real-time data processing and expand Databricks' suite of AI tools for enterprise customers.
3 Sources
Technology
17 hrs ago
3 Sources
Technology
17 hrs ago
Google Offers Free Weekend Access to Gemini's Veo 3 AI Video Generation Tool
Google is providing free users of its Gemini app temporary access to the Veo 3 AI video generation tool, typically reserved for paying subscribers, for a limited time this weekend.
3 Sources
Technology
9 hrs ago
3 Sources
Technology
9 hrs ago
Broadcom Rides AI Wave: Stock Surges Amid Tech Giants' Infrastructure Investments
Broadcom's stock rises as the company capitalizes on the AI boom, driven by massive investments from tech giants in data infrastructure. The chipmaker faces both opportunities and challenges in this rapidly evolving landscape.
2 Sources
Technology
17 hrs ago
2 Sources
Technology
17 hrs ago
Apple Expands Enterprise AI Support with New ChatGPT Configuration Options and Beyond
Apple is set to introduce new enterprise-focused AI tools, including ChatGPT configuration options and potential support for other AI providers, as part of its upcoming software updates.
2 Sources
Technology
17 hrs ago
2 Sources
Technology
17 hrs ago
Your Daily Dose of Curated AI News
Don’t drown in AI news. We cut through the noise - filtering, ranking and summarizing the most important AI news, breakthroughs and research daily. Spend less time searching for the latest in AI and get straight to action.
