Kotak allows international access to India Sensex ETF

The ETF is listed on the Bombay Stock Exchange (BSE) and provides returns based on the BSE Sensex index. The feeder fund is denominated in US dollars, and is domiciled in Mauritius. It shall be predominantly invested in units of the underlying domestic fund. Kotak Mahindra director and CEO Shyam Kumar says: "The Sensex, the flagship index of the Indian capital markets comprising 30 large and liquid companies in prominent sectors of the fast-growing Indian economy, has given 77.81% returns year to date." He says the Sensex represents around 44% of the total market capitalisation of ...