Kotak Nifty Bank ETF
Equity
regular
Sector - Financial Services
NAV: ₹ 489.41 as on 23-04-2024
Fund Performance
Mutual Fund Insights
In the last 3 years, Nippon India Banking & Financial Services Fund Direct Plan - Growth has given 24.18% return, outperforming this fund by 8.92% per annum.
This fund has one of the lowest expense ratio in the category (sector - financial services). Its expense ratio is 0.16% which is lower than the category average expense ratio of 1.03%.
In the last 1 year, Invesco India Financial Services Fund Direct Plan Growth has given 40.65% return, outperforming this fund by 26.05%.
Over the last 6 months, this fund has experienced a 17.4% growth in AUM moving from 4.29K Cr to 5.04K Cr.
In the last 5 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 18.78% return, outperforming this fund by 8.58% per annum.
About the Kotak Nifty Bank ETF
Kotak Nifty Bank ETF is an equity fund. This fund was started on 4 December, 2014. The fund is managed by Devender Singhal. The fund could potentially beat inflation in the long-run.
Key Parameters
- Kotak Nifty Bank ETF has ₹5048 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.2.
Kotak Nifty Bank ETF Overview
 | 0.16% |
 Benchmark | S&P BSE BANKEX INR |
 | ₹5048 Cr |
 | 4 December, 2014 |
 | --/-- |
 | 0% |
 | No Lock-in |
 TurnOver | 26.55% |
Kotak Nifty Bank ETF Distribution as on (31-Mar-24)
Size breakup
Large cap
92.9%
Mid cap
7.1%
Sector Allocation
Financial Services
100%
Top Holdings of Kotak Nifty Bank ETF as on (31-Mar-24)
Equity Holdings12
Kotak Nifty Bank ETF: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 2.14% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 2.61% in Mar'24
AUM Change
- AUM of the fund stands at 5K Cr as of Mar'24
- AUM increased by 444.2 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in Kotak Nifty Bank ETF portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Kotak Mahindra Bank Ltd | 4.8% |
 HDFC Bank Ltd | 4% |
 ICICI Bank Ltd | 1.9% |
Top Losers | 1M Return |
|---|---|
 Axis Bank Ltd | -0.6% |
 State Bank of India | 2.6% |
 IDFC First Bank Ltd | 8.8% |
Peer Analysis
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Kotak Nifty Bank ETF | 14.6% | 15.3% | 10.2% | 10.7% |
Kotak Nifty Bank ETF Fund Manager
Devender Singhal
Fund Manager of Kotak Nifty Bank ETF, since 9 May 2019
Top funds managed
Kotak Nifty Bank ETF Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 10.73% since inception which is less than its category average return of 15.58%
Fund Allocations
This fund has an allocation of 99.99% in Equity, 0% in Debt and 0.01% in Cash related instruments
AUM size ₹5048 Cr
This fund has AUM of ₹5048 Cr which is more than its category average of ₹ 1553 Cr
Expense Ratio 0.16%
This fund has an expense ratio of 0.16% which is less than its category average expense ratio of 1.36%
Frequently Asked Questions
The current NAV of Kotak Nifty Bank ETF is ₹489.41 as on 23-Apr-2024.
Existing (Absolute + CAGR) as on 23-Apr-2024.
Kotak Nifty Bank ETF | Absolute Returns | CAGR Returns |
1 Month Returns | 2.33% | 2.33% |
6 Month Returns | 11.06% | 11.06% |
1 Year Returns | 14.6% | 14.6% |
3 Years Returns | 53.11% | 15.26% |
5 Years Returns | 62.55% | 10.2% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.16% as on March 2024
₹5048 Cr as on March 2024
HDFC Bank Ltd(29%), ICICI Bank Ltd(23.72%), Axis Bank Ltd(9.19%), State Bank of India(9.14%), Kotak Mahindra Bank Ltd(9.11%) as on March 2024
The alpha ratio for the Kotak Nifty Bank ETF for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Kotak Nifty Bank ETF | -0.21 | -0.24 | -0.49 |
As on March 2024
The alpha for Kotak Nifty Bank ETF is calculated against S&P BSE BANKEX INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Kotak Nifty Bank ETF for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Kotak Nifty Bank ETF | 1 | 1 | 1.01 |
As on March 2024
The Beta for Kotak Nifty Bank ETF is calculated with S&P BSE BANKEX INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Kotak Nifty Bank ETF for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Kotak Nifty Bank ETF | 0.7 | 0.5 | 0.28 |
As on March 2024
The sharpe ratio for Kotak Nifty Bank ETF is calculated with S&P BSE BANKEX INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Kotak Nifty Bank ETF for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Kotak Nifty Bank ETF | 13.83 | 16.09 | 27.52 |
As on March 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 0.84 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Devender Singhal is the fund manager of Kotak Nifty Bank ETF