Kotak Nifty Financial Services Ex-Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl

Equity
Direct
Index Funds
Kotak Nifty Financial Services Ex-Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl

About the Fund

Kotak Nifty Financial Services Ex-Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl has ₹19 Cr worth of assets under management (AUM) as on May 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 Payout Inc Dist cum Cap Wdrl has given a CAGR return of 26.03% since inception.

Holdings

Kotak Nifty Financial Services Ex-Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl has allocated its funds majorly in Financial Services, Tech. Its top holdings are Bajaj Finance Ltd, Jio Financial Services Ltd, Bajaj Finserv Ltd, Power Finance Corp Ltd, REC 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 Payout Inc Dist cum Cap Wdrl

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 0.00 and for SIP is INR 0.00. Kotak Nifty Financial Services Ex-Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
2 people have invested ₹ 3.5K in Kotak Nifty Financial Services Ex-Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl in the last three months

Fund Overview

Expense ratio0.23%
Benchmark
Nifty Fin Ser Ex-Bank TR
AUM₹19 Cr
Inception Date14 August, 2023
Min Lumpsum/SIP--/--
Exit Load0%
Lock InNo Lock-in
TurnOver
0%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 100%

Large cap
72.8%

Mid cap
19.3%

Small cap
8.1%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
99.1%
Tech
0.9%
All changes are between Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

Abhishek Bisen
Abhishek Bisen
Fund Manager of Kotak Nifty Financial Services Ex-Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl, since 14 August 2023
Devender Singhal
Devender Singhal
Fund Manager of Kotak Nifty Financial Services Ex-Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl, since 14 August 2023

Kotak Nifty Financial Services Ex-Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl 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 returns of 26.03% since inception (14nd Aug 2023)
Fund Allocations

Fund Allocations

This fund has an allocation of 100.18% in Equity, 0% in Debt and -0.18% in Cash related instruments
AUM size ₹19 Cr

AUM size ₹19 Cr

This fund has AUM of ₹19 Cr which is less than its category average of ₹ 747 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 0.55%

Frequently Asked Questions

The current NAV of Kotak Nifty Financial Services Ex-Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl is ₹12.6 as on 21-Jun-2024.
Existing (Absolute + CAGR) as on 21-Jun-2024.
Kotak Nifty Financial Services Ex-Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
4.18%
4.18%
6 Month Returns
10.31%
10.31%
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 May 2024
₹19 Cr as on May 2024
Bajaj Finance Ltd(15.56%), Jio Financial Services Ltd(9.31%), Bajaj Finserv Ltd(6.92%), Power Finance Corp Ltd(5.97%), REC Ltd(5.55%) as on May 2024
The alpha ratio for the Kotak Nifty Financial Services Ex-Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl
-
-
-
As on May 2024
The alpha for Kotak Nifty Financial Services Ex-Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl
-
-
-
As on May 2024
The Beta for Kotak Nifty Financial Services Ex-Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl
-
-
-
As on May 2024
The sharpe ratio for Kotak Nifty Financial Services Ex-Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl
-
-
-
As on May 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, Devender Singhal are the fund managers of Kotak Nifty Financial Services Ex-Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl
The Exit load of Kotak Nifty Financial Services Ex-Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl is 0%