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Kotak Mahindra AMC - Kotak BK ETF

BANKNIFTY1

₹529.49-₹2.95 (-0.55%) TodayLast updated on 31 Oct, 2024 | 15:54 IST

Kotak Mahindra AMC - Kotak BK ETF Chart

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  • Fund overview
  • Returns
  • Composition
  • More

Fund overview

About
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Open
₹537.57
Close
₹532.44
Volume
1,56,568
Avg. traded
₹526.95
Circuit range
₹430.35 - ₹645.52
Day range
₹526.43 - ₹537.57
Year range
₹435.23 - ₹560.97
AUM
₹5,416.06 Cr

Managers

Devender Singhal, +1 more
Launch Date
04 Dec 2014
Kotak Mahindra AMC - Kotak BK ETF

About Kotak Nifty Bank ETF: KOTAKBKETF

  • Kotak Nifty Bank ETF is an open-ended exchange-traded fund offered by the Kotak Mahindra Mutual Fund House.

  • The scheme was launched on December 11, 2014.

  • The ETF consists of stocks of the top private and public sector banks listed on the Indian stock market.

  • The scheme's assets under management stood at ₹ 5,858 crore as of July 31, 2024

  • Devender Singhal and Satush Dondapati are the fund managers for the Kotak Nifty Bank ETF.

  • Kotak Nifty Bank ETF units can be bought and sold like any other equity share on the Stock Exchange through a Demat account

  • 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:

  • HDFC Bank Ltd.- 28.36%

  • ICICI Bank Ltd- 23.36%

  • Kotak Mahindra Bank Ltd- 10.12%

  • State Of Bank- 10.08%

  • Axis Bank Ltd-9.96%

  • IndusInd Bank Ltd- 5.5%

  • Bank of Baroda- 2.83%

  • Federal Bank Ltd 2.39%

  • AU Small Finance Bank Ltd- 2.13%

  • 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

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Tracking index
Nifty Bank

Expense Ratio

0.17%
Tracking error
0.03%

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Investment checklist: (3/6)
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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 Mahindra AMC - Kotak BK ETF Shareholder returns

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1 day
-0.74%
1 week
+1.14%
1 month
-2.45%
3 months
+0.76%
1 year
+21.11%
3 years
+34.58%
5 years
+73.93%

Kotak Mahindra AMC - Kotak BK ETF Price history

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DayOpenCloseChange %
Wed, Oct 30 2024
₹535.98
₹532.44
-0.74%
Tue, Oct 29 2024
₹529.26
₹536.40
+2.09%
Mon, Oct 28 2024
₹526.47
₹525.42
+0.88%
Fri, Oct 25 2024
₹529.01
₹520.84
-1.53%
Thu, Oct 24 2024
₹531.97
₹528.91
+0.47%
Wed, Oct 23 2024
₹526.99
₹526.43
-0.18%
Tue, Oct 22 2024
₹528.56
₹527.36
-1.14%
Mon, Oct 21 2024
₹538.25
₹533.44
-0.78%

Frequently asked questions