Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth

Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth

Equity

Direct

Index Funds

NAV as on 12-12-2024

₹ 13.9

-0.5%

1D

Inception Returns

28.5%

/yr

About Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth

Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth is an equity fund. This fund was started on 14 August, 2023. The fund is managed by Satish Dondapati, Abhishek Bisen, Devender Singhal. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth has ₹38 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.2.

Returns

Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth has given a CAGR return of 28.48% since inception. Over the last 1 year the fund has given a CAGR return of 20.78%.

Holdings

Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services. Its top holdings are Bajaj Finance Ltd, Jio Financial Services Ltd, Bajaj Finserv Ltd, Shriram Finance Ltd, HDFC Life Insurance Co Ltd

Taxation

As it is a index funds 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 Nifty Financial Services Ex Bank Index Fund Direct Growth

The investment objective of the scheme is to replicate the composition of the Nifty Financial Services Ex-Bank Index and to generate returns that are commensurate with the performance of the Nifty Financial Services Ex-Bank Index, subject to tracking errors. However, there is no assurance that the objective of the scheme will be realized. The scheme does not assure or guarantee any returns

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
1088 people have invested ₹ 35.4L in Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth in the last three months

Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth Overview

Expense ratio0.23%
Benchmark
Nifty Fin Ser Ex-Bank TR
AUM₹38 Cr
Inception Date14 August, 2023
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
80.61%
STCGSelling mutual fund 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

Fund Distribution

as on (31-Oct-24)

  • Equity 99.8%

  • Debt & Cash 0.2%

Large cap
65.1%

Mid cap
29.2%

Small cap
5.5%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
100%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-6.95%
3.92%
4.62%
Nifty 50
-6.17%
2.11%
0.90%
  • This fund’s returns stands at -6.95% whereas the fund’s underlying benchmark Nifty 50 returns stands at -6.17% as on Oct'24
  • This fund underperformed Nifty 50 by 0.78% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 33 Cr
₹ 33 Cr
₹ 24.5 Cr
  • AUM of the fund stands at 33 Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
BSE Ltd's allocation increased from 3.39% to 4.37%
BSE Ltd's allocation increased from 3.39% to 4.37%
Multi Commodity Exchange of India Ltd's allocation increased from 1.96% to 2.4%
Multi Commodity Exchange of India Ltd's allocation increased from 1.96% to 2.4%
PB Fintech Ltd's allocation increased from 3.48% to 3.89%
PB Fintech Ltd's allocation increased from 3.48% to 3.89%
Top Stocks sold last month
Bajaj Finance Ltd's allocation decreased from 14.61 % to 13.92 %
Bajaj Finance Ltd's allocation decreased from 14.61 % to 13.92 %
Jio Financial Services Ltd's allocation decreased from 7.8 % to 7.64 %
Jio Financial Services Ltd's allocation decreased from 7.8 % to 7.64 %
Bajaj Finserv Ltd's allocation decreased from 7.31 % to 6.91 %
Bajaj Finserv Ltd's allocation decreased from 7.31 % to 6.91 %
Cash allocation has gone up from -0.2% to 0.1%
Cash allocation has gone up from -0.2% to 0.1%

Top Sector in October was Financial Services

Oct'24
Financial Services
100%
Sep'24
Financial Services
100%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
31
32
31
Top 5 Company Concentration
40.4%
42.1%
40.6%
Company having highest exposure
Bajaj Finance Ltd (13.9%)
Bajaj Finance Ltd (14.6%)
Bajaj Finance Ltd (14.1%)
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 (98.6%)
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Satish Dondapati
Satish Dondapati
Fund Manager of Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth, since 14 August 2023
Abhishek Bisen
Abhishek Bisen
Fund Manager of Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth, since 14 August 2023
Devender Singhal
Devender Singhal
Fund Manager of Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth, since 14 August 2023
Fund House
Kotak Mahindra Asset Management Co Ltd
Total Schemes
Total AUM
₹4.8L Cr
as on 31-Oct-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 Nifty Financial Services Ex Bank Index 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 28.48% since inception which is more than its category average return of 17.52%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.82% in Equity, 0% in Debt and 0.18% in Cash related instruments
AUM size ₹38 Cr

AUM size ₹38 Cr

This fund has AUM of ₹38 Cr which is less than its category average of ₹ 808 Cr
Expense Ratio 0.23%

Expense Ratio 0.23%

This fund has an expense ratio of 0.23% which is less than its category average expense ratio of 0.53%

Frequently Asked Questions for Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth

The current NAV of Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth is ₹13.9 as on 12-Dec-2024.
Existing (Absolute + CAGR) as on 12-Dec-2024.
Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
6.07%
6.07%
6 Month Returns
12.21%
12.21%
1 Year Returns
20.78%
20.78%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
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0.23% as on November 2024
₹38 Cr as on November 2024
Bajaj Finance Ltd(13.92%), Jio Financial Services Ltd(7.64%), Bajaj Finserv Ltd(6.91%), Shriram Finance Ltd(6.34%), HDFC Life Insurance Co Ltd(5.55%) as on November 2024
The alpha ratio for the Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth
-
-
-
As on November 2024
The alpha for Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth is calculated against Nifty Fin Ser Ex-Bank TR. 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 Financial Services Ex Bank Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth
-
-
-
As on November 2024
The Beta for Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth is calculated with Nifty Fin Ser Ex-Bank TR. 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 Financial Services Ex Bank Index Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth
0.7
-
-
As on November 2024
The sharpe ratio for Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth is calculated with Nifty Fin Ser Ex-Bank TR. 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 Financial Services Ex Bank Index Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth
14.04
-
-
As on November 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.
Satish Dondapati, Abhishek Bisen, Devender Singhal are the fund managers of Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth
The Exit load of Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth is 0%