Kotak Mutual Fund has launched Kotak BSE PSU Index Fund, an open-ended scheme replicating or tracking the BSE PSU Index

The new fund offer or NFO of the scheme is open for subscription and will close on July 24. The fund will reopen for continuous sale and repurchase on August 6.

The Fund provides a relatively cost-effective and transparent way to invest in the Indian stock market, offering investors diversified exposure to public sector enterprises.

The investment objective of the scheme is to provide returns that, before expenses, correspond to the total returns of the securities as represented by the underlying index, subject to tracking errors.