August 8, 2022
mayank
Kotak Nifty PSU Bank ETF
NAV IDCW : Rs 281.4780
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 objective of the scheme is to provide returns that correspond to the total returns of Nifty PSU Bank Index.
Fund Manager :
— 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 ).
— 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) | 10,000 |
| Min. Addl Investment (Rs) | — |
| Min. SIP Investment (Rs) | — |
| Min. No of Cheques | — |
| Min. Withdrawal (Rs) | — |
| Min. Balance (Rs) | — |
| Lock-in Period | Not Applicable |
| Exit Load | 0 |
Basic Details
| Fund House: | Kotak Mahindra Mutual Fund |
| Launch Date: | 08-Nov-07 |
| Return Since Launch: | 0.41% |
| Benchmark: | NIFTY PSU Bank TRI |
| Riskometer: | Very High |
| Type: | Open-ended |
| Assets: | Rs 513 Cr |
| (As on 30-Jun-2022) | |
| Expense Ratio: | 0.49% |
| (As on 30-Jun-2022) | |
| Risk Grade: | — |
| Return Grade: | — |
| Turnover: | 135.05% |
Kotak Nifty PSU Bank ETF Trailing Returns (%)
| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
| Kotak Nifty PSU Bank ETF | 13.87 | -0.41 | 1.59 | 13.81 | 8.96 | -3.67 | 17.66 | 2.86 | -4.9 | -3.52 | 0.03 |
| S&P BSE Bankex TRI | 8.37 | 0.47 | 0.97 | 12.02 | 7.9 | -1.36 | 7.36 | 12.04 | 9.51 | 10.93 | 14.68 |
| Equity: Sectoral-Banking | 5.67 | 0.36 | 0.95 | 12.06 | 7.87 | -2.11 | 4.55 | 10.28 | 6.12 | 8.23 | 10.8 |
| Rank within category | 2 | 34 | 1 | 1 | 2 | 30 | 2 | 19 | 17 | 15 | 10 |
| Number of funds in category | 31 | 34 | 33 | 33 | 33 | 32 | 30 | 19 | 17 | 15 | 10 |
Kotak Nifty PSU Bank ETF Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| Kotak Nifty PSU Bank ETF | Unrated | Nov-07 | 17.66 | 2.86 | -4.9 | 0.49 | 513 |
| SBI Banking & Financial Services Fund – Regular Plan | 5 star | Feb-15 | 0.54 | 12.94 | 10.66 | 1.94 | 3,129 |
| Sundaram Financial Services Opportunities Fund – Regular Plan | 4 star | Jun-08 | 2.91 | 13.59 | 8.84 | 2.71 | 498 |
| Invesco India Financial Services Fund | 4 star | Jul-08 | -1.75 | 11.99 | 8.07 | 2.55 | 444 |
| Nippon India ETF Nifty Bank BeES | Unrated | May-04 | 6.25 | 10.74 | 8.73 | 0.19 | 8,705 |
Portfolio Analysis
| Number of Stocks | 12 |
| Top 10 Stocks (%) | 97.14 |
| Top 5 Stocks (%) | 80.68 |
| Top 3 Sectors (%) | 98.48 |
| Portfolio P/B Ratio | 0.8 |
| Portfolio P/E Ratio | 9.3 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 66,143 | 2,40,880 |
| Giant (%) | 29.7 | 73.68 |
| Large (%) | 19.48 | 10.84 |
| Mid (%) | 50.82 | 13.15 |
| Small (%) | — | 4.52 |
| Tiny (%) | — | — |
Kotak Nifty PSU Bank ETF Guidance by Chanakya :
Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.
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