Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth
NAV as on 25-04-2025
₹ 14.31
1D
Inception Returns
23.5%
/yr
Historical NAV & Returns
Absolute
▲
▼
1632 people have invested ₹ 21.3L in Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth in the last three months
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 Devender Singhal, Satish Dondapati, Abhishek Bisen. The fund could potentially beat inflation in the long-run.
Key Parameters
- Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth has ₹44 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
- 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 23.48% since inception. Over the last 1 year the fund has given a CAGR return of 16.15%.
Holdings
Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech. Its top holdings are Bajaj Finance Ltd, Bajaj Finserv Ltd, Shriram Finance Ltd, Jio Financial Services Ltd, BSE 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 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
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.
Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth Overview
| Expense ratio | 0.23% |
Benchmark | Nifty Fin Ser Ex-Bank TR |
| AUM | ₹44 Cr |
| Inception Date | 14 August, 2023 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 80.61% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Fund Distribution
as on (31-Mar-25)
Large cap
64.6%
Mid cap
27.4%
Small cap
7.6%
Sector Allocation
Financial Services
96.8%
Tech
3.2%
All changes are between Jan'25 and Mar'25
- This fund’s returns stands at 8.92% whereas the fund’s underlying benchmark Nifty 50 returns stands at 6.33% as on Mar'25
- This fund outperformed Nifty 50 by 2.59% in Mar'25
- AUM of the fund stands at 43.6 Cr as of Mar'25
- AUM increased by 5.9 Cr between Mar'25 and Feb'25
Top Stocks bought last month
BSE Ltd's allocation increased from 4.85% to 5.39%
REC Ltd's allocation increased from 3.47% to 3.88%
HDFC Life Insurance Co Ltd's allocation increased from 5.02% to 5.32%
Top Stocks sold last month
Bajaj Finance Ltd's allocation decreased from 18.43 % to 16.95 %
Shriram Finance Ltd's allocation decreased from 6.66 % to 6.65 %
ICICI Lombard General Insurance Co Ltd's allocation decreased from 3.12 % to 3.11 %
Mid Cap allocation has gone up from 26.7% to 27.4%
Large Cap allocation has gone down from 68.6% to 64.6%
Small Cap allocation has gone up from 4.9% to 7.6%
Cash allocation has gone up from -0.2% to 0.3%
Top 2 Sectors in March were Financial Services, Tech
Mar'25
Financial Services
97%
Tech
3%
Feb'25
Financial Services
100%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Bajaj Finance Ltd | 16.95% | 1.4% | |
 Bajaj Finserv Ltd | 7.91% | 8% | |
 Shriram Finance Ltd | 6.65% | 8.7% | |
 Jio Financial Services Ltd | 5.4% | 8.4% | |
 BSE Ltd | 5.39% | 8.7% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth | 16.15% | - | - | 23.48% |
 Motilal Oswal Nifty Bank Index Fund Direct Growth | 16.16% | 16.09% | 22.44% | 13.49% |
Motilal Oswal Nifty Midcap 150 Index Fund Direct Growth | 10.22% | 21.78% | 32.82% | 25.84% |
 UTI Nifty 50 Index Fund-Growth Option- Direct | 9.84% | 13.38% | 22.28% | 13.07% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 BSE Ltd | 40.9% |
 Jio Financial Services Ltd | 13.6% |
 Bajaj Finserv Ltd | 5.3% |
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Devender Singhal
Fund Manager of Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth, since 14 August 2023
Top funds managed
Satish Dondapati
Fund Manager of Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth, since 14 August 2023
Top funds managed
Abhishek Bisen
Fund Manager of Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth, since 14 August 2023
Top funds managed
Fund House
Kotak Mahindra Asset Management Co Ltd
Total Schemes
Total AUM
₹4.57L Cr
as on 31-Mar-2025
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
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 23.48% since inception which is more than its category average return of 9.9%
Fund Allocations
This fund has an allocation of 99.69% in Equity, 0% in Debt and 0.31% in Cash related instruments
AUM size ₹44 Cr
This fund has AUM of ₹44 Cr which is less than its category average of ₹ 750 Cr
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%
More funds from Kotak
3Y CAGR
▲ 24.25
5Y CAGR
▲ 28.73
5Y CAGR
▲ 31.99
3Y CAGR
▲ 20.02
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 ₹14.31 as on 25-Apr-2025.
Existing (Absolute + CAGR) as on 25-Apr-2025.
Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.14% | 4.14% |
6 Month Returns | 7.68% | 7.68% |
1 Year Returns | 16.15% | 16.15% |
3 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 March 2025
₹44 Cr as on March 2025
Bajaj Finance Ltd(16.95%), Bajaj Finserv Ltd(7.91%), Shriram Finance Ltd(6.65%), Jio Financial Services Ltd(5.4%), BSE Ltd(5.39%) as on March 2025
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 March 2025
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 March 2025
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 | 0.55 | - | - |
As on March 2025
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 | 17.02 | - | - |
As on March 2025
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.
Devender Singhal, Satish Dondapati, Abhishek Bisen 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%