Kotak Banking ETF - Latest NAV, Returns, Performance & Portfolio

Kotak Banking ETF

  • highlight21.22%
  • highlight6.07(2.06%)

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Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years--
3 Years21.22%
1 Year13.17%
6 Months12.08%
Fund Details
ISININF174K01F59
RiskHigh Risk
Fund TypeSector - Financial Services
NAV300.8178
Exit Load--

More about this fundstar

Top HoldingsWeightage
HDFC Bank Ltd33.44%
ICICI Bank Ltd18.44%
Kotak Mahindra Bank Ltd13.01%
Axis Bank Ltd11.48%
State Bank of India8.9%
IndusInd Bank Ltd6.3%
Yes Bank Ltd2.38%
RBL Bank Ltd2.15%
The Federal Bank Ltd1.41%
Bank of Baroda1.07%

About Kotak Banking ETF

The Kotak Banking ETF is an open-ended exchange-traded fund which trades on the National Stock Exchange (NSE). The scheme seeks to provide returns (pre-expenses), which closely correspond to the total returns of stocks which the CNX Bank Index represents. This is subject to tracking errors.

Pros & Cons of Kotak Banking ETF

  1. Since the scheme tracks the Nifty Bank Index, the fund manager invests predominantly in stocks forming the underlying index in the same ratio. Being an ETF, investors can trade them on the stock exchange like any other shares.
  2. As on September 30, 2018, this scheme is not ranked under CRISIL’s Index Funds/ ETFs category.
  3. Further, it has generated returns of 17.62% per year over the last 3 years (as on December 31, 2018).

Fund Information and Statistics of Kotak Banking ETF

i) Inception / Launch date

The scheme was launched on 04 December 2014 by Kotak Mahindra Mutual Fund.

ii) Risk level

The scheme is suitable for investors seeking long-term capital growth and invests in stocks which comprise the underlying index in order to track it. It has a High risk-level.

iii) Redemption

Mutual Fund will repurchase units from Authorized participants on any business day in creation size units. The Mutual Fund will dispatch the redemption proceeds within 10 business days of the receipt of a valid redemption request at the official points of acceptance. Also, for smooth and efficient functioning of the scheme, the redemption proceeds may be paid in the form of ECS, direct credit, RTGS, demand draft, etc., as decided by the AMC.

iv) Fund Manager

Mr. Deepak Gupta (since December 04, 2014) is the Fund Manager of Kotak Banking ETF.

v) Entry / Exit load

There is no entry load or exit load in this scheme.

Tax benefits of investing in Kotak Banking ETF

The following taxes are applicable to income arising from investing in this scheme: 1. STCG tax (units are held for a period of less than 12 months) – 15% on redemption of units. 2. LTCG tax (units are held for a period of more than 12 months) – 10% without indexation benefits on the redemption of units.

About Kotak Mutual Fund

The fund house is managed by Kotak Mahindra Asset Management Company Limited (the “AMC”). It started operations in December 1998. The fund house offers schemes catering to investors with different risk appetite and was the first fund house in India to launch a dedicated gilt scheme. The AMC manages assets worth more than Rs 1.25 lakh crore.

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Frequently Asked Questions

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High Risk

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