<p>The open-ended Exchange Traded Fund (ETF) aims to provide returns before expenses that closely correspond to the returns derived out of the S&P CNX Nifty, subject to tracking errors, said Kotak Mahindra Asset Management Company CEO Sandesh Kirkire.<br />The ETF will be listed and can be traded on the NSE. Each unit of the scheme will be approximately equal to 1/10th of the value of the S&P CNX Nifty.</p>
<p>The open-ended Exchange Traded Fund (ETF) aims to provide returns before expenses that closely correspond to the returns derived out of the S&P CNX Nifty, subject to tracking errors, said Kotak Mahindra Asset Management Company CEO Sandesh Kirkire.<br />The ETF will be listed and can be traded on the NSE. Each unit of the scheme will be approximately equal to 1/10th of the value of the S&P CNX Nifty.</p>