INF373I01023

CASPeR Ranking #1

Kotak Nifty PSU Bank ETF

Very High Risk Sector - Financial Services Equity

NAV (Tue Feb 20 2024)

₹706

Returns (Since Inception)

42.95%

Category Average

11.39%

Rating

2

Allocation and Holdings

Asset class

Weightage

Financial Services

98.65%

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Overall rating

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Scheme Information

Fund name

Kotak Nifty PSU Bank ETF


Minimum SIP

1000


Risk Level

Very High Risk


AUM

₹13,598 Cr


ISIN

INF373I01023


Inception Date

Jan 01 1970


Standard Deviation

35.235


Beta

1


Sharpe Ratio

1.224


Benchmark

IISL Nifty PSU Bank TR INR

Risk

Very High Risk

Investment Objective

The investment objective of the scheme is to provide returns that closely correspond to the total returns of Nifty PSU Bank Index, subject to tracking errors. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.

Fund Managers

Devender Singhal

Satish Dondapati

About the AMC

Kotak Mahindra Asset Management Co Ltd


Phone Number

+91 22 61152100


Corporate Office Address

Kotak Mahindra Asset management Company Limited,2nd Floor, 12-BKC, Plot No C-12,G Block, BKC, Bandra (East),Mumbai - 400 051

Overall AUM

₹13,598 Cr


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frequently asked questions

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What is the current NAV of Kotak Nifty PSU Bank ETF?

The NAV of Kotak Nifty PSU Bank ETF is ₹706 as of Tue Feb 20 2024.

Net asset value, or NAV for short, is a mutual fund's cost per unit. Consider it the share price of a stock, but one that represents the total worth of all the investments made by the fund. This value affects how much you pay to invest or receive when redeeming units, and it changes every day based on changes in the market. Gaining insight into NAV enables you to evaluate a fund's performance and make wise investment choices.

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Who is the fund manager of Kotak Nifty PSU Bank ETF?

Devender Singhal is the current fund manager of Kotak Nifty PSU Bank ETF as on Wed Feb 21 2024. A fund manager's performance history, investment style and strategy, approach to risk management, tenure and experience, fees and charges, and alignment with investor goals all have an impact on the fund performance.

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What is the expense ratio of Kotak Nifty PSU Bank ETF?

The Expense Ratio of Kotak Nifty PSU Bank ETF is 0.00% as of Wed Feb 21 2024 which means if you earn ₹50,000 worth returns on an investment in this fund then 0.00% of those returns will be retained by the AMC.

The annual fees you pay the mutual fund firm to manage your investments in that fund are known as the Expense Ratio. The Expense Ratio is deducted from the returns that the fund generates and expressed as a percentage of Assets Under Management (AUM).

Because a smaller portion of the gains will be retained, a fund with a lower expense ratio is always preferable because it will result in larger returns for you.

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What is the minimum SIP amount of Kotak Nifty PSU Bank ETF?

The minimum Systematic Investment Plan (SIP) amount required for Kotak Nifty PSU Bank ETF is ₹1,000. A Systematic Investment Plan (SIP) is an investment approach in mutual funds where an investor selects a mutual fund scheme and invests a fixed amount at regular intervals. The SIP investment strategy involves investing a small amount consistently over time, as opposed to investing a large sum in a single instance. This method aims to potentially yield higher returns over the long term by leveraging the benefits of rupee cost averaging and compounding.

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What is the minimum lump sum amount required to invest in Kotak Nifty PSU Bank ETF?

To initiate a lump sum investment in Kotak Nifty PSU Bank ETF, a minimum initial amount of ₹1,000 is necessary. This means that to participate in this investment option, investors must commit a starting sum of at least INR 5000. A lumpsum investment is a common approach to investing money in financial instruments such as mutual funds. This method involves investing a substantial sum of money in a financial instrument in a single transaction, as opposed to making multiple smaller payments over time.

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What is risk category of the Kotak Nifty PSU Bank ETF?

In accordance with SEBI regulations, mutual funds are required to disclose the risk associated with investing, categorized into five levels: (a) Low: Low risk to principal, (b) Moderately Low: Moderately low risk to principal, (c) Moderate: Moderate risk to principal, (d) Moderately High: Moderately high risk to principal, (e) High: High risk to principal. The risk category of Kotak Nifty PSU Bank ETF is classified as Very High Risk.

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What is the category of Kotak Nifty PSU Bank ETF?

The category of the Kotak Nifty PSU Bank ETF is Equity.

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