Kotak PSU Bank ETF
PSUBANK
Kotak PSU Bank ETF Chart
Fund overview
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 | ManagersDevender Singhal, +1 more | Launch Date 09 Nov 2007 |
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
Tracking index Nifty PSU Bank |
Expense Ratio0.49% |
Tracking error 0.03% |
Learn more
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
This ETF
Nifty 50
Learn more
Kotak PSU Bank Price history
Day | Open | Close | Change % |
---|---|---|---|
Wed, Nov 6 2024 | ₹685.42 | ₹697.86 | |
Tue, Nov 5 2024 | ₹676.99 | ₹685.43 | |
Mon, Nov 4 2024 | ₹673.20 | ₹677.66 | |
Fri, Nov 1 2024 | ₹674.00 | ₹672.61 | |
Thu, Oct 31 2024 | ₹670.95 | ₹671.98 | |
Wed, Oct 30 2024 | ₹674.02 | ₹671.80 | -0.33% |
Tue, Oct 29 2024 | ₹655.97 | ₹674.02 | |
Mon, Oct 28 2024 | ₹634.98 | ₹647.72 |
Composition
Name | Holdings |
---|---|
SBINState Bank of India | 32.44% |
532134Bank of Baroda | 16.44% |
532483Canara Bank | 13.35% |
532461Punjab National Bank | 11.53% |
UNIONBANKUnion Bank of India | 8.60% |
532814Indian Bank | 6.71% |