Kotak Nifty Bank ETF-IDCW
NAV as of Aug 29, 2024
526.140.02%
- IDCW - Regular
(Earn upto 0.00% Extra Returns with Direct Plan)
Fund Category:
Equity: Sectoral-Banking
Expense Ratio:
0.15%(1.14% Category
average)Fund Size:
Rs. 5,858.42 Cr(9.83% of Investment in Category)
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Kotak Nifty Bank ETF-IDCW
NAV as of Aug 29, 2024
526.140.02%
Expense Ratio:
0.15%
Fund Size:
Rs. 5,858.42 Cr
Fund Category:
Equity: Sectoral-Banking
1. Current NAV: The Current Net Asset Value of the Kotak Nifty Bank ETF as of Aug 29, 2024 is Rs 526.14 for IDCW option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 15.75% (1yr), 13.46% (3yr), 13.02% (5yr) and 11.36% (since launch). Whereas, Category returns for the same time duration are: 24.78% (1yr), 16.52% (3yr) and 15.59% (5yr).
3. Fund Size: The Kotak Nifty Bank ETF currently holds Assets under Management worth of Rs 5858.42 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.16% for Regular plan as on Aug 07, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 0.
Kotak Nifty Bank ETF-IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns -0.27 5.77 11.77 15.76 13.45 13.44 Category Avg -0.06 6.61 11.47 24.80 16.49 15.98 Rank within Category 32 34 25 31 22 16 No. of funds within Category 54 51 49 43 28 18 - Loading...
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Return Comparison
- This Fund
- BenchmarkNIFTY Bank Total Return Index
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Kotak Nifty Bank ETF-IDCW Fund Details
Investment Objective - The scheme seeks to provide returns before expenses that closely correspond to the total returns of stocks as represented by the Nifty Bank Index subject to tracking errors.
Fund House | Kotak Mahindra Mutual Fund |
Launch Date | Dec 04, 2014 |
Benchmark | NIFTY Bank Total Return Index |
Return Since Launch | 11.36% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
Kotak Nifty Bank ETF-IDCW Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | - |
Minimum Withdrawal (Rs.) | - |
Exit Load | 0% |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
JUL 2024 | JUN 2024 | MAY 2024 | APR 2024 | MAR 2024 | FEB 2024 | |
---|---|---|---|---|---|---|
Number of Holdings | 12 | 12 | 12 | 12 | 12 | 12 |
Top 5 Company Holdings | 81.49% | 81.78% | 80.01% | 80.1% | 80.16% | 81.54% |
Top 10 Company Holdings | 96.58% | 96.71% | 96.54% | 97.04% | 97.16% | 97.32% |
Company with Highest Exposure | HDFC Bank (27.47%) | HDFC Bank (28.26%) | HDFC Bank (29.27%) | HDFC Bank (29.04%) | HDFC Bank (29.0%) | HDFC Bank (25.27%) |
Number of Sectors | 1 | 1 | 1 | 1 | 1 | 1 |
Top 3 Sector Holdings | 99.57% | 99.51% | 99.47% | 99.99% | 99.99% | 100.01% |
Top 5 Sector Holdings | 99.57% | 99.51% | 99.47% | 99.99% | 99.99% | 100.01% |
Sector with Highest Exposure | Financial (99.57%) | Financial (99.51%) | Financial (99.47%) | Financial (99.99%) | Financial (99.99%) | Financial (100.01%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 27.47 18.33 89.60 3.03 ICICI Bank Financial 23.96 18.67 65.91 26.26 State Bank of India Financial 10.49 10.58 77.28 41.69 Kotak Mahindra Bank Financial 10.28 16.49 108.21 -0.33 Axis Bank Financial 9.29 13.64 86.50 19.85 Indusind Bank Financial 5.43 12.25 115.88 1.24 The Federal Bank Financial 2.75 11.93 16.46 35.63 Bank of Baroda Financial 2.72 6.82 36.95 30.68 Punjab National Bank Financial 2.12 10.88 10.69 83.53 AU Small Finance Bank Financial 2.07 30.28 22.21 -12.45
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Kotak Nifty Bank ETF-IDCW 526.14 Unrated 5,858.42 -0.27 15.76 13.45 13.44 Sundaram Financial Services Opportunities Fund Regular-IDCW 33.18 1,409.46 1.13 30.94 19.41 19.30 Invesco India Financial Services Fund-IDCW 64.35 948.64 1.96 40.45 18.04 18.31 SBI Banking & Financial Services Fund Regular-IDCW 33.76 5,979.63 0.57 33.52 15.68 17.00 Mirae Asset Banking and Financial Services Fund Regular-IDCW 18.60 1,835.17 -0.65 21.73 15.22 -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
15.92VS16.13Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
1.00VS0.94Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Poor risk-adjusted returns
0.60VS0.67Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Poor risk-adjusted returns
9.63VS11.67Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Poor risk-adjusted returns
-0.46VS1.61Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
15.13VS16.67Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Fund Manager
- D.S.Devender SinghalSince May 201918 schemes
- S.D.Satish DondapatiSince May 201913 schemes
Mr. Singhal has done B.A. (Maths) from Delhi University and PGDM, Finance from Fore School of Management, Delhi. Prior to joining Kotak Mahindra AMC , he has worked with Kotak Securities Ltd.(July 2007 -- January 2009) ,Religare (February 2006 -- June 2007), Karvy (July 2004 -- January 2006), P N Vijay Financial Services Pvt Ltd(2001 -- 2004) and Dundee Mutual Fund( Summer Trainee ) (May 2000 -- June 2000 ).
Mr. Dondapati has done MBA Finance Prior to joining Kotak Mutual fund he has worked with Centurian Bank Of Punjab, Bajaj Capital Ltd.
More Kotak Mahindra Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Kotak Flexicap Fund Regular-Growth | 45,111.78 | 3.61 | 7.93 | 12.79 | 33.90 | 15.23 | |
Kotak Emerging Equity Fund Regular-Growth | 39,738.35 | 1.28 | 4.70 | 9.56 | 35.36 | 20.84 | |
Kotak Equity Arbitrage Fund Regular-Growth | 39,099.34 | 0.64 | 2.21 | 3.87 | 7.84 | 5.70 | |
Kotak Liquid Regular - Growth | 36,627.65 | 0.59 | 1.81 | 3.54 | 7.13 | 5.26 | |
Kotak Equity Opportunities Fund Regular-Growth | 19,092.30 | 2.89 | 9.15 | 14.11 | 38.67 | 19.79 | |
Kotak Money Market Fund Regular-Growth | 16,489.06 | 0.73 | 1.91 | 3.63 | 7.60 | 5.59 | |
Kotak Balanced Advantage Fund Regular - Growth | 15,718.68 | 1.31 | 4.04 | 7.50 | 18.85 | 10.30 | |
Kotak Bond Short Term Fund Regular-Growth | 14,738.23 | 0.73 | 2.16 | 3.48 | 7.43 | 5.05 | |
Kotak Small Cap Fund Regular-Growth | 14,196.39 | -2.62 | 0.88 | 5.22 | 33.37 | 21.50 | |
Kotak Savings Fund Regular-Growth | 12,814.17 | 0.66 | 1.75 | 3.32 | 7.04 | 5.13 |
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1. Kotak Nifty Bank ETF is Open-ended Sectoral-Banking Equity scheme which belongs to Kotak Mahindra Mutual Fund House.
2. The fund was launched on Dec 04, 2014.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide returns before expenses that closely correspond to the total returns of stocks as represented by the Nifty Bank Index subject to tracking errors. "
2. It is benchmarked against NIFTY Bank Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.57% in equities, 0.0% in debts and 0.43% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 96.58% of the assets, the top 3 sectors constitute around 99.57% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Kotak Nifty Bank ETF-IDCW
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
FAQs about Kotak Nifty Bank ETF-IDCW
- Is it safe to invest in Kotak Nifty Bank ETF?As per SEBI’s latest guidelines to calculate risk grades, investment in the Kotak Nifty Bank ETF comes under Very High risk category.
- What is the category of Kotak Nifty Bank ETF?Kotak Nifty Bank ETF belongs to the Equity : Sectoral-Banking category of funds.
- How Long should I Invest in Kotak Nifty Bank ETF?The suggested investment horizon of investing into Kotak Nifty Bank ETF is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Kotak Nifty Bank ETF?The Kotak Nifty Bank ETF is managed by Deepak Gupta (Since Nov 24, 2014) , Devender Singhal (Since May 09, 2019) and Satish Dondapati (Since May 09, 2019).
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