Kotak Nifty Bank ETF
Equity
regular
Sector - Financial Services
NAV: ₹ 499.11 as on 03-05-2024
About the Fund
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.
Fund Performance
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 (30-Apr-24)
Equity Holdings12
Gainers & Losers Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Axis Bank Ltd | 6.1% |
 ICICI Bank Ltd | 5.1% |
Top Losers | 1M Return |
|---|---|
 Kotak Mahindra Bank Ltd | -13.5% |
 IndusInd Bank Ltd | -5.4% |
 Bandhan Bank Ltd | 1.4% |
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
Mutual Fund Insights
In the last 1 year, Invesco India Financial Services Fund Direct Plan Growth has given 41.16% return, outperforming this fund by 27.51%.
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 19.1% return, outperforming this fund by 8.81% per annum.
In the last 3 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 23.48% return, outperforming this fund by 8.36% 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%.
Peer Analysis
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Kotak Nifty Bank ETF | 13.7% | 15.1% | 10.3% | 10.9% |
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 10.93% since inception which is less than its category average return of 16.72%
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 1.41%
Frequently Asked Questions
The current NAV of Kotak Nifty Bank ETF is ₹499.11 as on 03-May-2024.
Existing (Absolute + CAGR) as on 03-May-2024.
Kotak Nifty Bank ETF | Absolute Returns | CAGR Returns |
1 Month Returns | 2.72% | 2.72% |
6 Month Returns | 12.83% | 12.83% |
1 Year Returns | 13.66% | 13.66% |
3 Years Returns | 52.58% | 15.12% |
5 Years Returns | 63.15% | 10.29% |
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 April 2024
₹5048 Cr as on April 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 April 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 | -0.22 | -0.25 | -0.5 |
As on April 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 April 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 | 0.6 | 0.62 | 0.33 |
As on April 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 | 13.26 | 16.14 | 27.53 |
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.
Sortino ratio is 1.06 as on April 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Devender Singhal is the fund manager of Kotak Nifty Bank ETF