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The Kotak Nifty Midcap 50 ETF is a notable exchange-traded fund (ETF) launched by Kotak Mutual Fund that aims to replicate the performance of the Nifty Midcap 50 Index. This particular index encapsulates the top 50 mid-sized companies in India, recognized for their substantial growth potential. Whether you are a seasoned investor or just starting your financial journey, this ETF provides a unique opportunity to diversify your portfolio while enjoying the convenience of trading on the stock exchange. As of October 28, 2024, the Kotak Nifty Midcap 50 ETF share price on the NSE stands at 158.29 INR. This article will delve deeply into various significant aspects of the Kotak Nifty Midcap 50 ETF, including its share price performance, market insights, future projections, portfolio composition, and other invaluable details.
Kotak Nifty Midcap 50 ETF: Market Overview
Investing in the Kotak Nifty Midcap 50 ETF enables investors to capitalize on the strength and resilience of the Indian midcap sector. This ETF serves as a gateway to exposure to companies with significant market presence and growth opportunities. Here are some key market indicators as of October 28, 2024:
- Open Price: ₹160.19
- High Price: ₹160.90
- Low Price: ₹155.05
- Previous Close: ₹158.83
- Volume: 52,110
- Value (Lacs): ₹82.52
- VWAP: ₹157.98
- Upper Circuit Limit: ₹190.62
- Lower Circuit Limit: ₹127.08
- Market Cap: N/A
- P/E Ratio: N/A
- Dividend Yield: N/A
- 52-week High: ₹173.65
- 52-week Low: ₹109.59
Kotak Nifty Midcap 50 ETF Share Price Chart
Future Share Price Predictions for Kotak Midcap 50 ETF (2024 – 2030)
Predicting future share prices is challenging due to numerous variables, including market performance, economic conditions, and the health of the underlying companies. However, analyzing trends can provide insights into potential price movements. Below is a table projecting the anticipated price targets for the Kotak Midcap 50 ETF from 2024 to 2030:
| Year | Projected Share Price Target |
| 2024 | ₹175 |
| 2025 | ₹205 |
| 2026 | ₹240 |
| 2027 | ₹285 |
| 2028 | ₹310 |
| 2029 | ₹352 |
| 2030 | ₹389 |
Kotak Nifty Midcap 50 ETF Portfolio Overview
The portfolio of the Kotak Nifty Midcap 50 ETF is constructed to ensure that investors gain exposure to a well-rounded selection of mid-sized companies. Below is a summary of the ETF’s portfolio characteristics compared to its category:
| Particulars | This Scheme | Category Average |
|---|---|---|
| Number of Stocks | 50 | 73.82 |
| Top 5 Stock Weight | 18.17% | 38.88% |
| Top 10 Stock Weight | 31.78% | 55.66% |
| Top 3 Sector Weight | 21.06% | 34.99% |
Detailed Asset Allocation
Understanding how the ETF allocates its assets provides investors with an insightful perspective on its overall risk and return profile. Below is a detailed breakdown of asset allocation by market capitalization:
| Particulars | This Scheme | Category Average |
|---|---|---|
| Average Market Cap (Cr) | 18537.75 | 130948.8 |
| Holdings in Large-Cap Stocks | 22.58% (12) | 57.9% |
| Holdings in Mid-Cap Stocks | 45.16% (33) | 17.56% |
| Holdings in Small-Cap Stocks | 11.34% (7) | 7.8% |
FAQs About the Kotak Nifty Midcap 50 ETF
1. What is the Kotak Nifty Midcap 50 ETF?
The Kotak Nifty Midcap 50 ETF is an exchange-traded fund that aims to replicate the returns of the Nifty Midcap 50 Index, which consists of the 50 largest midcap companies in India. Investors in