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Kotak PSU Bank ETF

PSUBANK

₹696.86-₹1.00 (-0.14%) TodayLast updated on 07 Nov, 2024 | 13:07 IST

Kotak PSU Bank ETF Chart

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  • Fund overview
  • Returns
  • Composition
  • More

Fund overview

About
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Open
₹697.85
Close
₹697.86
Volume
14,885
Avg. traded
₹696.92
Circuit range
₹549.71 - ₹824.56
Day range
₹691.01 - ₹704.98
Year range
₹495.00 - ₹896.99
AUM
₹1,349.39 Cr

Managers

Devender Singhal, +1 more
Launch Date
09 Nov 2007
Kotak PSU Bank

About Kotak Nifty PSU Bank ETF

  • Kotak Nifty PSU Bank ETF is an open-ended value-oriented equity scheme that belongs to Kotak Mutual Fund House.

  • It includes stocks of public sector banks in India.

  • Kotak Nifty PSU Bank ETF was launched on November 8, 2023.

  • The scheme’s total assets under management (AUM) stood at ₹1,477 crore as of June 30, 2024.

  • Devender Singhal and Satish Dondapati have been managing the fund of Kotak Nifty PSU Bank ETF.

  • The fund is traded on both stock exchanges which enables investors to trade at market price during each session.

  • 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%.

Key indicators

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Tracking index
Nifty PSU Bank

Expense Ratio

0.49%
Tracking error
0.03%

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Investment checklist: (2/6)
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Liquidity

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Fund size

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Expense Ratio

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Tracking error

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Returns vs FD Rates

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Entry Point

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Returns

Returns vs Benchmark
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  • ETF returns
  • Rolling returns
Compare the returns of this fund with
NIFTY 50
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This ETF

Nifty 50

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Kotak PSU Bank Shareholder returns

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1 day
+1.81%
1 week
+3.88%
1 month
+4.46%
3 months
+2.24%
1 year
+40.54%
3 years
+140.48%
5 years
+178.73%

Kotak PSU Bank Price history

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DayOpenCloseChange %
Wed, Nov 6 2024
₹685.42
₹697.86
+1.81%
Tue, Nov 5 2024
₹676.99
₹685.43
+1.15%
Mon, Nov 4 2024
₹673.20
₹677.66
+0.75%
Fri, Nov 1 2024
₹674.00
₹672.61
+0.09%
Thu, Oct 31 2024
₹670.95
₹671.98
+0.03%
Wed, Oct 30 2024
₹674.02
₹671.80
-0.33%
Tue, Oct 29 2024
₹655.97
₹674.02
+4.06%
Mon, Oct 28 2024
₹634.98
₹647.72
+2.89%

Composition

Frequently asked questions