Mutual Funds Reports News Details
Kotak Mahindra Mutual Fund announces Change in Face Value & Creation Unit Size
(24-Jun-26 10:43)
Kotak Mahindra Mutual Fund has announced a change in the face value of units and creation unit size of Kotak Nifty PSU Bank ETF with effect from July 10, 2026.
Kotak Nifty PSU Bank ETF
| Particulars | Existing Provisions | Revised Provisions |
|---|---|---|
| Face value | The face value of each unit offered under the Scheme shall be Rs. 10 | The face value of each unit offered under the Scheme shall be Rs. 1 |
| Creation Unit Size | Each creation unit consists of 5,000 units of Kotak Nifty PSU Bank ETF. Each unit of Kotak Nifty PSU Bank ETF is 1/10th of the value of Nifty PSU Bank Index. | Each creation unit consists of 20,000 units of Kotak Nifty PSU Bank ETF. Each unit of Kotak Nifty PSU Bank ETF will be 1/100th of the value of Nifty PSU Bank Index. |
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