January 11, 2021 Harsha Upadhyaya, President and CIO - Equity, Kotak Mahindra AMC - BUSINESS LINE× The NFO closes on January 25 Kotak Mahindra Asset Management Company has launched Kotak NASDAQ 100 Fund of Fund that will invest in units of overseas exchange-traded funds (ETF) and schemes such as iShares NASDAQ 100 ETF, Lyxor Nasdaq-100 ETF and USA Nasdaq 100 Index Fund. The shares listed on the Nasdaq 100 are worth $15 trillion. The new fund offer (NFO), which opened for subscription on Monday, will close on January 25. Nasdaq-100 is one of the world’s major large-cap growth indices. It includes 100 of the largest domestic and international non-financial companies listed on the Nasdaq Stock Exchange. These companies are leaders in information technology, telecom, retail, wholesale trade and biotechnology.