Kotak PSU Bank Exchange Traded Scheme
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|Fund Type||Sector - Financial Services|
More about this fund
|State Bank of India||33.13%|
|Bank of Baroda||21.51%|
|Punjab National Bank||10.68%|
|Bank of India||6.3%|
|Union Bank of India||5.85%|
|Central Bank of India||2.24%|
|Jammu & Kashmir Bank Ltd||1.89%|
|Indian Overseas Bank||1.83%|
About Kotak PSU Bank ETF
The Kotak PSU Bank ETF is an open-ended exchange traded fund that will invest in stocks of companies on the Nifty PSU Bank Index. The investment in the companies will be in same proportion as their composition on the underlying index. The investment objective is to closely replicate the returns of the stocks on the PSU BANK Index. The fund is suitable for long-term capital growth.
Pros & Cons of Kotak PSU Bank ETF
Kotak PSU Bank ETF offers the following benefits:
- The scheme empowers investors to target the banking space efficiently.
- The fund helps the investor achieve their goals of long-term capital appreciation.
- The recent fund returns have been far superior to the average category returns.
Fund Information and Statistics of Kotak PSU BANK ETF
i) Inception / Launch date
The Kotak PSU Bank ETF was launched on November 08, 2007, by Kotak Mutual Funds.
ii) Risk level
Kotak PSU Bank ETF is a high-risk bet since it focuses on a single sector. Suitable for investors seeking long-term capital appreciation at high risks.
Redemption can be done on any day based on redemption prices for that day. The proceeds will be dispatched within 10 business days from the day of the redemption request.
iv) Fund Manager
The fund is managed by Mr Deepak Gupta since February 24, 2011. He is a CA & CFA level 3 (US, AIMR) and comes with 13 years of work experience.
v) Entry / Exit load
The fund house does not charge any entry load or exit load on redemption.
Tax benefits of investing in Kotak PSU BANK ETF
The Short-term capital gain tax of 15% is levied if sold before one year from the date of allotment. Long-term capital gains, in excess of Rs 1 Lakh, will be taxed at 10% without indexation if redeemed after one year.
About Kotak Mutual Fund
Kotak Mutual Fundis the part of renowned Kotak Mahindra group. The Kotak Mahindra Asset Management Company Limited which is the asset manager for Kotak Mahindra Mutual Fund was started in 1998 and today it serves 7.5 lakh customers. The fund house is present in over 80 cities comprising 84 branches.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns