Kotak Mahindra AMC - Kotak BK ETF
BANKNIFTY1
Kotak Mahindra AMC - Kotak BK ETF Chart
Fund overview
Open ₹500.97 | Close ₹499.53 | Volume 62,361 | Avg. traded ₹498.79 |
Circuit range ₹400.59 - ₹600.88 | Day range ₹495.54 - ₹502.05 | Year range ₹454.40 - ₹560.97 | |
AUM ₹5,161.92 Cr | ManagersDevender Singhal, +1 more | Launch Date 04 Dec 2014 |
About Kotak Nifty Bank ETF: KOTAKBKETF
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Kotak Nifty Bank ETF is an open-ended exchange-traded fund offered by the Kotak Mahindra Mutual Fund House.
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The scheme was launched on December 11, 2014.
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The ETF consists of stocks of the top private and public sector banks listed on the Indian stock market.
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The scheme's assets under management stood at ₹ 5,858 crore as of July 31, 2024
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Devender Singhal and Satush Dondapati are the fund managers for the Kotak Nifty Bank ETF.
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Kotak Nifty Bank ETF units can be bought and sold like any other equity share on the Stock Exchange through a Demat account
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Investors eligible to invest in equity shares can invest in Kotak Banking ETF.
Investment Objective & Benchmark
- The Kotal Nifty Bank ETF aims to offer a return corresponding to the performance of the total returns from securities as represented by the underlying index. The returns are subject to marginal tracking errors.
- The ETF is benchmarked against the Nifty Bank Index.
- With the growing size of the Indian economy, the demand for borrowing is expected to increase, positioning the banking sector to perform well.
- Stringent regulations are in place in the banking sector, ensuring smooth functionality and limiting the investor's risk to fraudulent practices.
- The fund provides a cost-effective alternative to investing in the top banking stocks. The ETF diversifies the fund into private and public sector banks, creating a balance.
Asset Allocation & Portfolio Composition
- Kotak Nifty Bank ETF is invested heavily in equity, allocating 99.57% of the assets to them.
- Kotak Nifty Bank ETF has allocated 99.5% of the assets in the financial sector and the remaining 0.49% in others.
- The ETF invests in companies across market capitalisation — 67.22% of the funds to giant cap, 13.93% to large caps and 14.87% to mid-cap. The remaining 3.98% of assets are allocated to small-cap companies.
- The top 10 holding companies in the scheme make up 96.71% of the asset allocation.
Top 10 holding companies UTI Nifty Bank ETF along with their portfolio weightage:
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HDFC Bank Ltd.- 28.36%
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ICICI Bank Ltd- 23.36%
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Kotak Mahindra Bank Ltd- 10.12%
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State Of Bank- 10.08%
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Axis Bank Ltd-9.96%
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IndusInd Bank Ltd- 5.5%
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Bank of Baroda- 2.83%
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Federal Bank Ltd 2.39%
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AU Small Finance Bank Ltd- 2.13%
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Punjab National Bank - 2.08%
Kotak Nifty Bank ETF has earned a return of 17.4% in a year as of July 5, 2024, compared to Bank Nifty's yield of 17.66% during the period.
Since its inception in October 2014, the ETF has posted a return of 11.63%.
Key indicators
Tracking index Nifty Bank |
Expense Ratio0.17% |
Tracking error 0.03% |
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Fund size
Expense Ratio
Tracking error
Returns vs FD Rates
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Returns
This ETF
Nifty 50
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Kotak Mahindra AMC - Kotak BK ETF Price history
Day | Open | Close | Change % |
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Thu, Jan 23 2025 | ₹501.34 | ₹499.53 | -0.30% |
Wed, Jan 22 2025 | ₹501.48 | ₹501.03 | |
Tue, Jan 21 2025 | ₹506.90 | ₹500.45 | -1.16% |
Mon, Jan 20 2025 | ₹501.97 | ₹506.33 | |
Fri, Jan 17 2025 | ₹501.11 | ₹498.36 | -1.34% |
Thu, Jan 16 2025 | ₹500.19 | ₹505.12 | |
Wed, Jan 15 2025 | ₹502.97 | ₹500.19 | -0.06% |
Tue, Jan 14 2025 | ₹494.10 | ₹500.47 |
Composition
Name | Holdings |
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HDFCBANKHDFC Bank Ltd | 28.11% |
ICICIBANKICICI Bank Ltd | 24.98% |
KOTAKBANKKotak Mahindra Bank Ltd | 8.80% |
532215Axis Bank Ltd | 8.54% |
SBINState Bank of India | 8.45% |
INDUSINDBKIndusInd Bank Ltd | 4.51% |