
Kotak PSU Bank
NSE: PSUBANK|BSE: 590107Kotak PSU Bank Overview
Open ₹758.12 | Close ₹754.34 | Volume 92,517 | Avg. traded ₹769.96 |
Circuit range ₹604.86 - ₹907.29 | Day range ₹754.65 - ₹773.49 | Year range ₹552.00 - ₹773.49 | |
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 % |
---|---|---|---|
25-Sep-25 | ₹743.21 | ₹739.99 | -0.30% |
24-Sep-25 | ₹744.10 | ₹742.25 | -0.25% |
23-Sep-25 | ₹737.85 | ₹744.11 | |
22-Sep-25 | ₹741.00 | ₹737.85 | -0.36% |
19-Sep-25 | ₹731.99 | ₹740.48 | |
18-Sep-25 | ₹713.83 | ₹729.12 | -0.41% |
17-Sep-25 | ₹712.45 | ₹732.14 | |
16-Sep-25 | ₹725.81 | ₹711.35 |
Composition
What's in fund
Name | Holdings | Last Price | Price change % | Open Price | Close Price |
---|---|---|---|---|---|
![]() SBIN | 32.72% | ₹880.65 | +₹18.55 (2.15%) | ₹862.10 | ₹862.10 |
![]() Bank of Baroda | 16.19% | ₹266.95 | +₹2.80 (1.06%) | ₹264.50 | ₹264.15 |
![]() Punjab National Bank | 12.79% | ₹117.24 | +₹2.94 (2.57%) | ₹114.50 | ₹114.30 |
![]() Canara Bank | 12.18% | ₹0.00 | +0.00 (0.00%) | ₹0.00 | ₹0.00 |
![]() UNIONBANK | 8.39% | ₹139.27 | +₹1.44 (1.04%) | ₹137.90 | ₹137.83 |
![]() Indian Bank | 6.76% | ₹776.25 | +₹10.05 (1.31%) | ₹767.10 | ₹766.20 |
![]() BANKINDIA | 4.47% | ₹126.77 | +₹0.98 (0.78%) | ₹126.00 | ₹125.79 |
![]() MAHABANK | 2.96% | ₹57.53 | +₹0.94 (1.66%) | ₹56.61 | ₹56.59 |
![]() IOB | 1.28% | ₹40.23 | +₹1.09 (2.78%) | ₹39.27 | ₹39.14 |
![]() CENTRALBK | 1.16% | ₹38.12 | +₹0.80 (2.14%) | ₹37.40 | ₹37.32 |
Sectors | Sector Holdings |
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![]() | 99.99% |
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