
Kotak PSU Bank
NSE: PSUBANK|BSE: 590107Kotak PSU Bank Overview
| Open ₹806.10 | Close ₹806.06 | Volume 80,063 | Avg. traded ₹818.47 | 
| Circuit range ₹646.28 - ₹969.42 | Day range ₹806.00 - ₹827.00  | Year range ₹552.00 - ₹870.00 | |
| AUM ₹1,402.24 Cr | ManagersDevender Singhal, +1 more | Launch Date 09 Nov 2007 | 
Kotak PSU Bank About
About Kotak Nifty PSU Bank ETF
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Kotak Nifty PSU Bank ETF is an open-ended value-oriented equity scheme that belongs to Kotak Mutual Fund House. 
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It includes stocks of public sector banks in India. 
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Kotak Nifty PSU Bank ETF was launched on November 8, 2023. 
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The scheme’s total assets under management (AUM) stood at ₹1,477 crore as of June 30, 2024. 
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Devender Singhal and Satish Dondapati have been managing the fund of Kotak Nifty PSU Bank ETF. 
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The fund is traded on both stock exchanges which enables investors to trade at market price during each session. 
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The ETF units are listed and one can invest by buying them through a demat account with a registered broker. 
Investment Objective & Benchmark
- The investment objective is to provide returns that correspond to the total return of the underlying index, subject to tracking errors.
- It is benchmarked against Nifty PSU Bank TRI.
- The ETF invests in the same proportion of stocks as are included in the Nifty PSU Bank Index.
- The risk level of this scheme is very high and it is suited to investors looking at a long-term wealth creation goal.
- It represents the companies selected based on float-adjusted market capitalisation, weightage of stock in the index and liquidity.
- The ETF follows a passive investment approach.
- The need for financial services and loans is projected to grow in India with the rising income level and infrastructural spending.
- Public sector banks have managed to improve their NPAs and other metrics by implementing stringent regulation over the past few years.
Asset Allocation & Portfolio Composition
- The ETF holds 98.79% of its assets in banking stocks, with the remaining 1.2% in net current assets.
- The ETF invests funds in companies across market capitlisations – 67.22% in giant cap, 13.93% in large cap, 14.87% in mid cap and 3.98% in small cap.
- The top 10 company holdings constitute over 95% of the scheme’s asset allocation.
Top 10 Holdings in stocks of this ETF include:
- State Bank of India: 32.81%
- Bank of Baroda: 15.8%
- Canara Bank: 12.7%
- Punjab National Bank: 11.86%
- Union Bank of India: 8.44%
- Indian Bank: 6.18%
- Bank of India: 4.79%
- Bank of Maharashtra: 2.08%
- Indian Overseas Bank: 1.57%
- Central Bank of India: 1.24%
The ETF has delivered a return of 61.86% as of July 30, 2024, compared to the underlying index's yield of 62.58% during the period.
Since its Inception, the ETF has given an annualised return of 6.57%.
Kotak PSU Bank ETF Chart
Key indicators
| Tracking index Nifty PSU Bank | 
| Expense Ratio0.49% | 
| Tracking error 0.03% | 
Investment Checklist: (2/6)
Liquidity
Fund size
Expense Ratio
Tracking error
Returns vs FD Rates
Entry Point
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily
Returns vs Benchmark
This ETF
Nifty 50
Kotak PSU Bank Price history
| Day | Open | Close | Change % | 
|---|---|---|---|
| 16-Oct-25 | ₹776.00 | ₹768.87 | -0.42% | 
| 15-Oct-25 | ₹763.90 | ₹772.14 | |
| 14-Oct-25 | ₹778.99 | ₹760.10 | -1.43% | 
| 13-Oct-25 | ₹777.19 | ₹771.11 | |
| 10-Oct-25 | ₹758.12 | ₹770.59 | |
| 09-Oct-25 | ₹750.13 | ₹754.34 | |
| 08-Oct-25 | ₹757.02 | ₹750.13 | -0.91% | 
| 07-Oct-25 | ₹764.99 | ₹757.02 | -0.43% | 
Composition
What's in fund
| Name | Holdings | Last Price | Price change % | Open Price | Close Price | 
|---|---|---|---|---|---|
|  SBIN | 32.72% | ₹937.00 | +₹2.65 (0.28%) | ₹934.90 | ₹934.35 | 
|  Bank of Baroda | 16.19% | ₹278.40 | +₹5.65 (2.07%) | ₹273.80 | ₹272.75 | 
|  Punjab National Bank | 12.79% | ₹122.89 | +₹2.80 (2.33%) | ₹120.40 | ₹120.09 | 
|  Canara Bank | 12.18% | ₹0.00 | +0.00 (0.00%) | ₹0.00 | ₹0.00 | 
|  UNIONBANK | 8.39% | ₹148.67 | +₹6.35 (4.46%) | ₹143.27 | ₹142.32 | 
|  Indian Bank | 6.76% | ₹858.70 | +₹3.85 (0.45%) | ₹860.00 | ₹854.85 | 
|  BANKINDIA | 4.47% | ₹139.88 | +₹1.04 (0.75%) | ₹138.80 | ₹138.84 | 
|  MAHABANK | 2.96% | ₹59.03 | +₹0.60 (1.03%) | ₹58.50 | ₹58.43 | 
|  IOB | 1.28% | ₹40.11 | +₹0.08 (0.20%) | ₹39.85 | ₹40.03 | 
|  CENTRALBK | 1.16% | ₹39.48 | +₹0.18 (0.46%) | ₹39.25 | ₹39.30 | 
| Sectors | Sector Holdings | 
|---|---|
|  Financial Services | 99.99% | 
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