| KOTAK NIFTY BANK ETF
An open-ended scheme replicating/ tracking nifty bank index
• NSE Symbol - BANKNIFTY1
• BSE Scrip Code - 590136
An open-ended scheme replicating/ tracking nifty bank index
• NSE Symbol - BANKNIFTY1
• BSE Scrip Code - 590136
| KOTAK NIFTY BANK ETF
An open-ended scheme replicating/ tracking nifty bank index
• NSE Symbol - BANKNIFTY1
• BSE Scrip Code - 590136
An open-ended scheme replicating/ tracking nifty bank index
• NSE Symbol - BANKNIFTY1
• BSE Scrip Code - 590136
 
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Investment Objective
The investment objective of the scheme is to provide returns before expenses that closely correspond to the total
returns of stocks as represented by the Nifty Bank Index subject to tracking errors. There is no assurance or guarantee that the investment objective of the scheme will be achieved.
The investment objective of the scheme is to provide returns before expenses that closely correspond to the total returns of stocks as represented by the Nifty Bank Index subject to tracking errors. There is no assurance or guarantee that the investment objective of the scheme will be achieved.
| Issuer/Instrument | Industry/ Rating |
% to Net Assets |
|---|---|---|
| Equity & Equity Related |
||
| HDFC Bank Ltd. | Banks | 28.26 |
| ICICI Bank Ltd. | Banks | 23.36 |
| Kotak Mahindra Bank Ltd. | Banks | 10.12 |
| State Bank Of India | Banks | 10.08 |
| Axis Bank Ltd. | Banks | 9.96 |
| IndusInd Bank Ltd. | Banks | 5.50 |
| Bank Of Baroda | Banks | 2.83 |
| Federal Bank Ltd. | Banks | 2.39 |
| AU Small Finance Bank Ltd. | Banks | 2.13 |
| Punjab National Bank | Banks | 2.08 |
| IDFC First Bank Limited | Banks | 1.85 |
| Bandhan Bank Ltd. | Banks | 0.95 |
| Equity & Equity related - Total | 99.51 | |
| Net Current Assets/(Liabilities) | 0.49 | |
| Grand Total | 100.00 | |
Net Asset Value (NAV)
| Payout of IDCW | Rs537.1103 |
Available Plans/Options
Payout of Income Distribution cum Capital Withdrawal (IDCW).
IDCW Frequency
Trustee’s Discretion
| Fund Manager* | Mr. Devender Singhal & Mr. Satish Dondapati |
| Benchmark | Nifty Bank Index TRI |
| Allotment date | December 04, 2014 |
| AAUM | Rs5,896.79 crs |
| AUM | Rs6,182.46 crs |
| Folio count | 26,322 |
Ratios
| Portfolio Turnover | 33.51% |
| Tracking Error: | 0.06% |
Minimum Investment Amount
Through Exchange:1 Unit,
Through AMC: 15000 Units and in
multiple thereof.
Greater than Rs. 25 Crore- For Large
Investors***
Ideal Investments Horizon
• 5 years & above
Load Structure
Entry Load:
Nil. (applicable for all plans)
Exit Load:
Nil.
Total Expense Ratio**
| 0.16% |
Data as on 30th June, 2024 unless otherwise specified
Fund
Benchmark
This product is suitable for investors who are seeking*:
- Long term capital growth
- Investment in stocks comprising the underlying index and endeavours to track the benchmark index, subject to tracking errors.
* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
The above risk-o—meter is based on the scheme portfolio as on 30th June, 2024. An addendum may be issued or updated on the website for new riskometer.
***Not applicable to Recognised Provident Funds, approved gratuity funds and approved superannuation funds under Income tax act, 1961, Schemes managed by Employee Provident Fund Organisation, India and Market Makers' as per para 3.6.2.1 and 3.6.2.2 of SEBI Master Circular no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024 and as amended from time to time and SEBI letter no. SEBI/HO/IMD- POD-2/P/OW/2024/15311/1 dated April 26, 2024.
**Total Expense Ratio includes applicable B30 fee and GST.
* For Fund Manager experience, please refer 'Our Fund Managers'
For scheme performance, please refer 'Scheme Performances'