Kotak Nifty Financial Services Ex-Bank Index Fund Direct Growth

Kotak Nifty Financial Services Ex-Bank Index Fund Direct Growth

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Index Funds

NAV: ₹ 10.6 as on 20-09-2023

Fund Performance
zero opening, trading, fund transfer fee
131 people have invested ₹ 12.7L in Kotak Nifty Financial Services Ex-Bank Index Fund Direct Growth in the last three months

Fund Insights

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This fund expense ratio is slightly on the lower side within the category (index funds). Its expense ratio is 0.23% which is lower than the category average expense ratio of 0.31%.

About the Fund

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 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 ₹8 Cr worth of assets under management (AUM) as on Aug 2023 and is less than category average.
  2. The fund has an expense ratio 0.2.

Kotak Nifty Financial Services Ex-Bank Index Fund Direct Growth Overview

Expense ratio
Expense ratio
0.23%
Benchmark
Benchmark
Nifty Fin Ser Ex-Bank TR
AUM
AUM
₹8 Cr
Inception Date
Inception Date
14 August, 2023
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
0%

Fund Distribution as on (31-Aug-23)

  • Equity 99.6%

  • Debt & Cash 0.4%

Sector Allocation

Aug'23

Jul'23

Financial Services

98.2%

Tech

1.8%

Top Holdings of Kotak Nifty Financial Services Ex-Bank Index Fund Direct Growth as on (31-Aug-23)

  • Equity

Equity Holdings30

Gainers & Losers in Kotak Nifty Financial Services Ex-Bank Index Fund Direct Growth portfolio Returns for the month of Dec

Kotak Nifty Financial Services Ex-Bank Index Fund Direct Growth Fund Manager

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 Highlights

Risk meter
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Very High Risk

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

About the fund

This fund has delivered returns of 6.51% since inception (14nd Aug 2023)
Fund Allocations

Fund Allocations

This fund has an allocation of 99.64% in Equity, 0% in Debt and 0.36% in Cash related instruments
AUM size ₹8 Cr

AUM size ₹8 Cr

This fund has AUM of ₹8 Cr which is less than its category average of ₹ 560 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 0.54%

Frequently Asked Questions

The current NAV of Kotak Nifty Financial Services Ex-Bank Index Fund Direct Growth is ₹10.6 as on 20-Sep-2023.
Existing (Absolute + CAGR) as on 20-Sep-2023.
Kotak Nifty Financial Services Ex-Bank Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
6.51%
6.51%
6 Month Returns
0%
0%
1 Year Returns
0%
0%
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.
0.23% as on August 2023
₹8 Cr as on August 2023
Bajaj Finance Ltd(20.66%), Bajaj Finserv Ltd(8.72%), HDFC Life Insurance Company Limited(7.5%), SBI Life Insurance Company Limited(6.3%), Shriram Finance Ltd(5.55%) as on August 2023
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 August 2023
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 August 2023
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
-
-
-
As on August 2023
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
-
-
-
As on August 2023
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, 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%