Kotak Nifty PSU Bank ETF
Equity
regular
Sector - Financial Services
NAV: ₹ 708.51 as on 24-04-2024
Fund Performance
Mutual Fund Insights
This fund expense ratio is slightly on the lower side within the category (sector - financial services). Its expense ratio is 0.49% which is lower than the category average expense ratio of 1.03%.
In the last 3 years, this fund has outperformed all funds in its category.
In the last 5 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 18.52% return, outperforming this fund by 0.88% per annum.
In the last 1 year, this fund has outperformed all funds in its category.
Over the last 3 months, this fund has experienced a 18.5% growth in AUM moving from 1.20K Cr to 1.42K Cr.
About the Kotak Nifty PSU Bank ETF
Kotak Nifty PSU Bank ETF is an equity fund. This fund was started on 9 November, 2007. The fund is managed by Devender Singhal. The fund could potentially beat inflation in the long-run.
Key Parameters
- Kotak Nifty PSU Bank ETF has ₹1428 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.5.
Kotak Nifty PSU Bank ETF Overview
 | 0.49% |
 Benchmark | S&P BSE BANKEX INR |
 | ₹1428 Cr |
 | 9 November, 2007 |
 | --/-- |
 | 0% |
 | No Lock-in |
 TurnOver | 65.61% |
Kotak Nifty PSU Bank ETF Distribution as on (31-Mar-24)
Size breakup
Large cap
73.2%
Mid cap
26.8%
Sector Allocation
Financial Services
100%
Top Holdings of Kotak Nifty PSU Bank ETF as on (31-Mar-24)
Equity Holdings12
Kotak Nifty PSU Bank ETF: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 1.08% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 1.55% in Mar'24
AUM Change
- AUM of the fund stands at 1.4K Cr as of Mar'24
- AUM increased by 48.3 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in Kotak Nifty PSU Bank ETF portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Bank of Maharashtra | 17.3% |
 Canara Bank | 12.9% |
 Union Bank of India | 5.4% |
Top Losers | 1M Return |
|---|---|
 State Bank of India | 2.6% |
 Bank of Baroda | 2.7% |
 Indian Overseas Bank | 13.4% |
Peer Analysis
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Kotak Nifty PSU Bank ETF | 79.4% | 54.4% | 17.6% | 5.7% |
Kotak Nifty PSU Bank ETF Fund Manager
Devender Singhal
Fund Manager of Kotak Nifty PSU Bank ETF, since 9 May 2019
Top funds managed
Kotak Nifty PSU Bank ETF 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 5.66% since inception which is less than its category average return of 15.7%
Fund Allocations
This fund has an allocation of 99.97% in Equity, 0% in Debt and 0.03% in Cash related instruments
AUM size ₹1428 Cr
This fund has AUM of ₹1428 Cr which is less than its category average of ₹ 1553 Cr
Expense Ratio 0.49%
This fund has an expense ratio of 0.49% which is less than its category average expense ratio of 1.36%
Frequently Asked Questions
The current NAV of Kotak Nifty PSU Bank ETF is ₹708.51 as on 24-Apr-2024.
Existing (Absolute + CAGR) as on 24-Apr-2024.
Kotak Nifty PSU Bank ETF | Absolute Returns | CAGR Returns |
1 Month Returns | 3.52% | 3.52% |
6 Month Returns | 49.38% | 49.38% |
1 Year Returns | 79.37% | 79.37% |
3 Years Returns | 268.1% | 54.4% |
5 Years Returns | 125.3% | 17.64% |
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.
0.49% as on March 2024
₹1428 Cr as on March 2024
State Bank of India(32.68%), Bank of Baroda(15.92%), Canara Bank(12.63%), Punjab National Bank(11.98%), Union Bank of India(9.49%) as on March 2024
The alpha ratio for the Kotak Nifty PSU Bank ETF for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Kotak Nifty PSU Bank ETF | -0.57 | -0.6 | -0.65 |
As on March 2024
The alpha for Kotak Nifty PSU Bank ETF is calculated against S&P BSE BANKEX INR. 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 PSU Bank ETF for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Kotak Nifty PSU Bank ETF | 1 | 1 | 1 |
As on March 2024
The Beta for Kotak Nifty PSU Bank ETF is calculated with S&P BSE BANKEX INR. 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 PSU Bank ETF for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Kotak Nifty PSU Bank ETF | 2.29 | 1.3 | 0.44 |
As on March 2024
The sharpe ratio for Kotak Nifty PSU Bank ETF is calculated with S&P BSE BANKEX INR. 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 PSU Bank ETF for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Kotak Nifty PSU Bank ETF | 26.99 | 30.44 | 40.48 |
As on March 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.
Sortino ratio is 2.9 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Devender Singhal is the fund manager of Kotak Nifty PSU Bank ETF