Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 23-12-2024
₹ 13.19
1D
Inception Returns
22.5%
/yr
About Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth
Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth is an equity fund. This fund was started on 14 August, 2023. The fund is managed by Satish Dondapati, Devender Singhal, Abhishek Bisen. The fund could potentially beat inflation in the long-run.
Key Parameters
- Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth has ₹39 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth has given a CAGR return of 22.51% since inception. Over the last 1 year the fund has given a CAGR return of 15.28%.
Holdings
Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth has allocated its funds majorly in Financial Services, Cash Equivalent. Its top holdings are Bajaj Finance Ltd, Jio Financial Services Ltd, Bajaj Finserv Ltd, Shriram Finance Ltd, HDFC Life Insurance Co Ltd
Taxation
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 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth
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 and lockin period
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 Growth has no lock in period.
Historical NAV & Returns
Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth Overview
| Expense ratio | 0.23% |
Benchmark | Nifty Fin Ser Ex-Bank TR |
| AUM | ₹39 Cr |
| Inception Date | 14 August, 2023 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 80.61% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Fund Distribution
as on (30-Nov-24)
- This fund’s returns stands at -2.27% whereas the fund’s underlying benchmark Nifty 50 returns stands at -0.71% as on Nov'24
- This fund underperformed Nifty 50 by 1.56% in Nov'24
- AUM of the fund stands at 38.3 Cr as of Nov'24
- AUM increased by 5.3 Cr between Nov'24 and Oct'24
Top Sector in November was Financial Services
Top Growth Drivers | 1M Return |
|---|---|
PB Fintech Ltd | 24.3% |
 BSE Ltd | 23.4% |
 Power Finance Corporation Ltd | 6% |
Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹39 Cr
Expense Ratio 0.23%
Frequently Asked Questions for Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth
Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.16% | 1.16% |
6 Month Returns | 3.92% | 3.92% |
1 Year Returns | 15.28% | 15.28% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth | - | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth | 0.7 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth | 14.04 | - | - |