Kotak Banking & Financial Services Fund Direct Growth

Kotak Banking & Financial Services Fund Direct Growth

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Equity
Direct
Sector - Financial Services
NAV: ₹ 13.42 as on 24-05-2024

About the Fund

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

Key Parameters

  1. Kotak Banking & Financial Services Fund Direct Growth has ₹851 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 0.7.
Fund Performance
zero opening, trading, fund transfer fee
152 people have invested ₹ 9.9L in Kotak Banking & Financial Services Fund Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.71%
Benchmark
Benchmark
S&P BSE BANKEX INR
AUM
AUM
₹851 Cr
Inception Date
Inception Date
27 February, 2023
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
0%

Kotak Banking & Financial Services Fund Direct Growth Distribution as on (30-Apr-24)

  • Equity 98.5%

  • Debt & Cash 1.5%

Size breakup

Large cap
69.4%
Mid cap
16.3%
Small cap
12.8%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
98.6%
Health
1.4%

Top Holdings of Kotak Banking & Financial Services Fund Direct Growth as on (30-Apr-24)

  • Equity

Equity Holdings31

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
5.10%
0.75%
0.77%
Nifty 500
2.46%
-0.47%
1.58%
  • This fund’s returns stands at 5.10% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
  • This fund outperformed Nifty 500 by 2.64% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 820.4 Cr
₹ 820.4 Cr
₹ 805.4 Cr
  • AUM of the fund stands at 820.4 Cr as of Apr'24
  • AUM has remained same between Apr'24 and Mar'24
Fund Portfolio Changes

Fund Manager

Abhishek Bisen
Abhishek Bisen
Fund Manager of Kotak Banking & Financial Services Fund Direct Growth, since 27 February 2023
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

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 16.3%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.54% in Equity, 0% in Debt and 1.46% in Cash related instruments
AUM size ₹851 Cr

AUM size ₹851 Cr

This fund has AUM of ₹851 Cr which is less than its category average of ₹ 1625 Cr
Expense Ratio 0.71%

Expense Ratio 0.71%

This fund has an expense ratio of 0.71% which is less than its category average expense ratio of 1.4%

Frequently Asked Questions

The current NAV of Kotak Banking & Financial Services Fund Direct Growth is ₹13.42 as on 24-May-2024.
Existing (Absolute + CAGR) as on 24-May-2024.
Kotak Banking & Financial Services Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.16%
3.16%
6 Month Returns
14.6%
14.6%
1 Year Returns
21.66%
21.66%
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.
0.71% as on April 2024
₹851 Cr as on April 2024
HDFC Bank Ltd(17.43%), ICICI Bank Ltd(17.02%), State Bank of India(7.92%), Axis Bank Ltd(7.35%), Power Finance Corp Ltd(4.72%) as on April 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
9.8
-
-
As on April 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
0.85
-
-
As on April 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
1.48
-
-
As on April 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
11.22
-
-
As on April 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.
Abhishek Bisen, Arjun Khanna, Shibani Kurian 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%