Kotak Mahindra AMC - Kotak BK ETF
NSE: BANKNIFTY1|BSE: 590136Kotak Mahindra AMC - Kotak BK ETF Overview
Open ₹603.30 | Close ₹603.30 | Volume 1,31,658 | Avg. traded ₹601.48 |
Circuit range ₹481.80 - ₹722.70 | Day range ₹600.73 - ₹603.76 | Year range ₹490.15 - ₹651.60 | |
AUM ₹5,161.92 Cr | ManagersDevender Singhal, +1 more | Launch Date 04 Dec 2014 |
Kotak Mahindra AMC - Kotak BK ETF About
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%.
Kotak Mahindra AMC - Kotak BK ETF Chart
Key indicators
Tracking index Nifty Bank |
Expense Ratio0.17% |
Tracking error 0.03% |
Investment Checklist: (3/6)
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 Mahindra AMC - Kotak BK ETF Price history
| Day | Open | Close | Change % |
|---|---|---|---|
14-Oct-25 | ₹586.83 | ₹584.44 | -0.41% |
13-Oct-25 | ₹586.44 | ₹586.84 | |
10-Oct-25 | ₹583.58 | ₹586.58 | |
09-Oct-25 | ₹582.50 | ₹581.48 | |
08-Oct-25 | ₹581.61 | ₹579.19 | -0.42% |
07-Oct-25 | ₹580.70 | ₹581.61 | |
06-Oct-25 | ₹577.99 | ₹580.69 | |
03-Oct-25 | ₹573.69 | ₹574.23 |
Composition
What's in fund
| Name | Holdings | Last Price | Price change % | Open Price | Close Price |
|---|---|---|---|---|---|
HDFCBANK | 28.11% | ₹998.15 | -₹9.70 (-0.96%) | ₹1,000.00 | ₹1,007.85 |
ICICIBANK | 24.98% | ₹1,362.40 | -₹8.00 (-0.58%) | ₹1,362.40 | ₹1,370.40 |
KOTAKBANK | 8.80% | ₹2,137.20 | -₹13.30 (-0.62%) | ₹2,150.00 | ₹2,150.50 |
Axis Bank Ltd | 8.54% | ₹1,238.60 | -₹10.20 (-0.82%) | ₹1,243.00 | ₹1,248.80 |
SBIN | 8.45% | ₹934.35 | -₹5.40 (-0.57%) | ₹939.45 | ₹939.75 |
INDUSINDBK | 4.51% | ₹800.95 | -₹6.50 (-0.81%) | ₹807.00 | ₹807.45 |
FEDERALBNK | 3.48% | ₹234.81 | -₹0.10 (-0.04%) | ₹235.01 | ₹234.91 |
Bank of Baroda | 3.19% | ₹272.75 | -₹1.85 (-0.67%) | ₹274.60 | ₹274.60 |
IDFCFIRSTB | 2.78% | ₹78.93 | -₹0.42 (-0.53%) | ₹79.30 | ₹79.35 |
Punjab National Bank | 2.52% | ₹0.00 | +0.00 (0.00%) | ₹0.00 | ₹0.00 |
Sectors | Sector Holdings |
|---|---|
100.00% |
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