Kotak Banking & Financial Services Fund Direct Growth

Kotak Banking & Financial Services Fund Direct Growth

Equity

Direct

Sector - Financial Services

NAV as on 31-10-2024

₹ 14.83

-0.3%

1D

Inception Returns

26.5%

/yr

About Kotak Banking & Financial Services Fund Direct Growth

Kotak Banking & Financial Services Fund Direct Growth is an equity fund. This fund was started on 27 February, 2023. The fund is managed by Arjun Khanna, Shibani Kurian, Abhishek Bisen. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Kotak Banking & Financial Services Fund Direct Growth has ₹997 Cr worth of assets under management (AUM) as on Sep 2024 and is less than category average.
  2. The fund has an expense ratio 0.7.

Returns

Kotak Banking & Financial Services Fund Direct Growth has given a CAGR return of 26.49% since inception. Over the last 1 year the fund has given a CAGR return of 30.66%.

Holdings

Kotak Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, State Bank of India, Kotak Mahindra Bank Ltd

Taxation

As it is a sector - financial services mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Kotak Banking & Financial Services Fund Direct Growth

The investment objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services sector. However, there can be no assurance that the investment objective of the scheme would be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Kotak Banking & Financial Services Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
405 people have invested ₹ 14.1L in Kotak Banking & Financial Services Fund Direct Growth in the last three months

Kotak Banking & Financial Services Fund Direct Growth Overview

Expense ratio0.69%
Benchmark
S&P BSE BANKEX INR
AUM₹997 Cr
Inception Date27 February, 2023
Min Lumpsum/SIP₹100/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
25.4%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (31-Oct-24)

Period
Kotak Banking & Financial Services Fund Direct Growth
Nifty 500
sector - financial services
1M
-2.5%
-6%
-3.2%
3M
1.6%
-1.9%
-0.6%
6M
10.4%
8.3%
4.4%
1Y
30.7%
35.1%
22.5%

Fund Distribution

as on (30-Sep-24)

  • Equity 97.5%

  • Debt & Cash 2.5%

Large cap
70.6%

Mid cap
11.8%

Small cap
11.6%

Sector Allocation

Sep'24

Aug'24

Jul'24

Financial Services
100%
All changes are between Jul'24 and Sep'24
Sep'24
Aug'24
Jul'24
Fund Returns
3.89%
0.29%
1.05%
Nifty 500
2.04%
0.97%
3.53%
  • This fund’s returns stands at 3.89% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.04% as on Sep'24
  • This fund outperformed Nifty 500 by 1.85% in Sep'24
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 948.8 Cr
₹ 948.8 Cr
₹ 931.4 Cr
  • AUM of the fund stands at 948.8 Cr as of Sep'24
  • AUM has remained same between Sep'24 and Aug'24
Top Stocks bought last month
Poonawalla Fincorp Ltd's allocation increased from 1.31% to 1.94%
Poonawalla Fincorp Ltd's allocation increased from 1.31% to 1.94%
Aditya Birla Sun Life AMC Ltd's allocation increased from 1.56% to 1.82%
Aditya Birla Sun Life AMC Ltd's allocation increased from 1.56% to 1.82%
Shriram Finance Ltd's allocation increased from 4.06% to 4.32%
Shriram Finance Ltd's allocation increased from 4.06% to 4.32%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 16.3 % to 16.06 %
ICICI Bank Ltd's allocation decreased from 16.3 % to 16.06 %
Axis Bank Ltd's allocation decreased from 6.65 % to 6.63 %
Axis Bank Ltd's allocation decreased from 6.65 % to 6.63 %
State Bank of India's allocation decreased from 7.13 % to 6.56 %
State Bank of India's allocation decreased from 7.13 % to 6.56 %
Mid Cap allocation has gone up from 9.3% to 11.8%
Mid Cap allocation has gone up from 9.3% to 11.8%
Large Cap allocation has gone down from 76% to 70.6%
Large Cap allocation has gone down from 76% to 70.6%
Small Cap allocation has gone down from 13.2% to 11.6%
Small Cap allocation has gone down from 13.2% to 11.6%
Cash allocation has gone up from 1.5% to 2.5%
Cash allocation has gone up from 1.5% to 2.5%

Top Sector in September was Financial Services

Sep'24
Financial Services
100%
Aug'24
Financial Services
100%
Fund
Sep'24
Aug'24
Jul'24
No of Holdings
31
32
32
Top 5 Company Concentration
52.5%
53.4%
54.5%
Company having highest exposure
HDFC Bank Ltd (18.6%)
HDFC Bank Ltd (18.5%)
HDFC Bank Ltd (18.6%)
No of Sectors
1
1
2
Top 5 Sectors Concentration
100%
100%
100%
Sector having highest exposure
Financial Services (100%)
Financial Services (100%)
Financial Services (99.7%)
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Arjun Khanna
Arjun Khanna
Fund Manager of Kotak Banking & Financial Services Fund Direct Growth, since 27 February 2023
Shibani Kurian
Shibani Kurian
Fund Manager of Kotak Banking & Financial Services Fund Direct Growth, since 27 February 2023
Abhishek Bisen
Abhishek Bisen
Fund Manager of Kotak Banking & Financial Services Fund Direct Growth, since 27 February 2023
Fund House
Kotak Mahindra Asset Management Co Ltd
Total Schemes
Total AUM
₹4.68L Cr
as on 30-Sep-2024
Address
Kotak Mahindra Asset management Company Limited,2nd Floor, 12-BKC, Plot No C-12,G Block, BKC, Bandra (East),Mumbai - 400 051
Phone
91-22-40930000
Website
fundaccops@kotakmutual.com

Kotak Banking & Financial Services Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 26.49% since inception which is more than its category average return of 15.8%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.46% in Equity, 0% in Debt and 2.54% in Cash related instruments
AUM size ₹997 Cr

AUM size ₹997 Cr

This fund has AUM of ₹997 Cr which is less than its category average of ₹ 1762 Cr
Expense Ratio 0.69%

Expense Ratio 0.69%

This fund has an expense ratio of 0.69% which is less than its category average expense ratio of 1.37%

Frequently Asked Questions for Kotak Banking & Financial Services Fund Direct Growth

The current NAV of Kotak Banking & Financial Services Fund Direct Growth is ₹14.83 as on 31-Oct-2024.
Existing (Absolute + CAGR) as on 31-Oct-2024.
Kotak Banking & Financial Services Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-2.47%
-2.47%
6 Month Returns
10.39%
10.39%
1 Year Returns
30.66%
30.66%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
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.
0.69% as on October 2024
₹997 Cr as on October 2024
HDFC Bank Ltd(18.59%), ICICI Bank Ltd(16.06%), Axis Bank Ltd(6.63%), State Bank of India(6.56%), Kotak Mahindra Bank Ltd(4.71%) as on October 2024
The alpha ratio for the Kotak Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Kotak Banking & Financial Services Fund Direct Growth
6.09
-
-
As on October 2024
The alpha for Kotak Banking & Financial Services Fund Direct Growth 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 Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Kotak Banking & Financial Services Fund Direct Growth
0.87
-
-
As on October 2024
The Beta for Kotak Banking & Financial Services Fund Direct Growth 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 Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Kotak Banking & Financial Services Fund Direct Growth
1.74
-
-
As on October 2024
The sharpe ratio for Kotak Banking & Financial Services Fund Direct Growth 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 Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Kotak Banking & Financial Services Fund Direct Growth
12
-
-
As on October 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.
Arjun Khanna, Shibani Kurian, Abhishek Bisen are the fund managers of Kotak Banking & Financial Services Fund Direct Growth
The Exit load of Kotak Banking & Financial Services Fund Direct Growth is 1%