Kotak PSU Bank Exchange Traded Scheme - Latest NAV, Returns, Performance & Portfolio

Kotak PSU Bank Exchange Traded Scheme

  • highlight-8.72%
  • highlight(--5.38)233.6464

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Fund Summarystar

PeriodReturns(per year)
10 Years-2.14%
5 Years-8.72%
3 Years-10.4%
1 Year-18.92%
6 Months-26.28%
Fund Details
ISININF373I01023
RiskHigh Risk
Fund TypeSector - Financial Services
NAV233.6464
Exit Load--

More about this fundstar

Top HoldingsWeightage
State Bank of India29.72%
Bank of Baroda19.84%
Punjab National Bank12.35%
Canara Bank10.93%
Union Bank of India5.56%
Bank of India4.71%
Indian Bank4.55%
Syndicate Bank2.96%
Oriental Bank of Commerce2.7%
Allahabad Bank2.56%

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:

  1. The scheme empowers investors to target the banking space efficiently.
  2. The fund helps the investor achieve their goals of long-term capital appreciation.
  3. 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.

iii) Redemption

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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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