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

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

1. Kotak Nifty Financial Services Ex-Bank Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl has ₹55 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 0.2.
   

Kotak Nifty Financial Services Ex-Bank Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl has given a CAGR return of 28.81% since inception. Over the last 1 year the fund has given a CAGR return of 25.92%.

Kotak Nifty Financial Services Ex-Bank Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl has allocated its funds majorly in Cash Equivalent, Financial Services, Tech. Its top holdings are Bajaj Finance Ltd, Bajaj Finserv Ltd, BSE Ltd, Jio Financial Services Ltd, Shriram Finance Ltd

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 benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

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 for lump sum payment is INR 100.00 and for SIP is INR 100.00. Kotak Nifty Financial Services Ex-Bank Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl has no lock in period.