July 4, 2025
mayank
Kotak Nifty Financial Services Ex-Bank Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 16.0840
NAV IDCW: Rs 16.0840
Suitable For Which Investors?
This is a fund that invests mainly in shares of banks and financial services companies.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks 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.
Fund Manager:
1) Abhishek Bisen
Education: Mr. Bisen is a BA and MBA in Finance.
Experience: Prior to joining Kotak AMC, he was working with Securities Trading Corporation Of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm.
2) Devender Singhal
Education: Mr. Singhal has done B.A. (Maths) from Delhi University and PGDM, Finance from Fore School of Management, Delhi.
Experience: Prior to joining Kotak Mahindra AMC , he has worked with Kotak Securities Ltd.(July 2007 — January 2009) ,Religare (February 2006 — June 2007), Karvy (July 2004 — January 2006), P N Vijay Financial Services Pvt Ltd(2001 — 2004) and Dundee Mutual Fund( Summer Trainee ) (May 2000 — June 2000 ).
3) Satish Dondapati
Education: Mr. Dondapati has done MBA Finance
Experience: Prior to joining Kotak Mutual fund he has worked with Centurian Bank Of Punjab, Bajaj Capital Ltd.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 1 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Kotak Nifty Financial Services Ex-Bank Index Fund
| Fund House | Kotak Mahindra Mutual Fund |
| Launch Date | 14-Aug-23 |
| Return Since Launch | 28.72% |
| Benchmark | Nifty Financial Services Ex-Bank TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 55 Cr |
| (As on 31-May-2025) | |
| Expense | 0.22% |
| (As on 30-Jun-2025) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 46.68% |
Trailing Returns (%) of Kotak Nifty Financial Services Ex-Bank Index Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Kotak Nifty Financial Services Ex-Bank Index Dir | 22.94 | -0.02 | 5.90 | 18.76 | 22.00 | 24.23 | — | — | — | — |
| BSE Bankex TRI | 11.82 | -0.07 | 1.94 | 8.43 | 11.49 | 8.12 | — | — | — | — |
| Equity: Sectoral-Banking | 14.24 | 0.06 | 4.07 | 14.55 | 13.67 | 13.20 | — | — | — | — |
| Rank within category | 1 | 19 | 3 | 3 | 1 | 1 | — | — | — | — |
| Number of funds in category | 33 | 37 | 37 | 37 | 33 | 30 | 17 | 12 | 11 | 10 |
Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Kotak Nifty Financial Services Ex-Bank Index Dir | Unrated | 24.23 | — | — | 0.22 | 55 | 28.72 | — | 1Y 10M | 46.68 |
| Navi Nifty Bank Index Dir | 2 star | 9.87 | 20.22 | — | 0.16 | 647 | 12.80 | — | 3Y 4M | 49.00 |
| Motilal Oswal Nifty Bank Index Dir | 2 star | 9.87 | 20.33 | 21.51 | 0.26 | 642 | 13.82 | 1.00 (15) | 5Y 9M | 25.00 |
| ICICI Pru Nifty Bank Index Dir | 1 star | 9.76 | 20.17 | — | 0.15 | 615 | 16.16 | — | 3Y 4M | 29.00 |
| Nippon India ETF Nifty Bank BeES | Unrated | 9.85 | 20.36 | 21.74 | 0.19 | 7,631 | 16.61 | — | 21Y 1M | 46.00 |
Portfolio Analysis of Kotak Nifty Financial Services Ex-Bank Index Fund
| No. of Stocks | 30 |
| Top 10 Stocks | 65.27% |
| Top 5 Stocks | 42.28% |
| Top 3 Sectors | 98.93% |
| Portfolio P/B Ratio | 3.52 |
| Portfolio P/E Ratio | 1.62 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,48,869 | 3,56,594 |
| Giant (%) | 47.41 | 64.95 |
| Large (%) | 35.88 | 17.95 |
| Mid (%) | 16.71 | 16.18 |
| Small (%) | — | 6.18 |
| Tiny (%) | — | — |
Chanakya’s Mutual Fund Guidance For Kotak Nifty Financial Services Ex-Bank Index Fund
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