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Unrated

Kotak Banking ETF Fund Regular


1 Lakh

Investment Grown to
₹ 1.23 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.52 Lakh

Suitability:

This is a fund that invests mainly in shares of banks and financial services companies.

We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in multi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 10.82 -0.31 -1.21 -0.47 5.78 13.37 59.86 7.17 12.63 -- --
S&P BSE Bankex TRI 9.53 -0.36 -1.54 -0.32 5.37 13.40 59.79 8.40 12.93 -- --
Equity: Sectoral-Banking 13.59 -0.29 -0.83 -0.07 7.68 16.10 58.58 6.22 10.32 -- --
Rank within category 19 15 23 21 21 19 11 12 8 -- --
Number of funds in category 28 29 29 28 28 28 23 18 17 11 8

As on 30-Jul-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Kotak Banking ETF Fund Regular  | Invest Online
Unrated
Dec-14 59.86 7.17 12.63 0.18 7,281
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 55.88 11.35 15.51 2.11 2,704
Tata Banking and Financial Services Fund - Regular Plan  | Invest Online
4 star
Dec-15 50.12 9.65 14.20 2.50 743
Nippon India ETF Bank BeES  | Invest Online
Unrated
May-04 60.02 7.23 12.62 0.18 8,856
ICICI Prudential Banking and Financial Services Fund  | Invest Now
3 star
Aug-08 66.65 9.56 13.22 1.94 4,677

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 17.71 26-May-2020 - 02-Jun-2020 -27.18 16-Mar-2020 - 23-Mar-2020
Month 28.83 22-May-2020 - 23-Jun-2020 -46.04 20-Feb-2020 - 23-Mar-2020
Quarter 48.47 24-Sep-2020 - 24-Dec-2020 -48.38 23-Dec-2019 - 23-Mar-2020
Year 101.46 22-May-2020 - 24-May-2021 -45.44 27-May-2019 - 26-May-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 15.01 34.07 0.32 0.39 1.01 -1.24
S&P BSE Bankex TRI 16.12 33.62 0.35 0.43 -- --
Equity: Sectoral-Banking 14.17 33.91 0.31 0.36 0.97 -1.57
Rank within category 12 10 12 9 11 12
Number of funds in category 18 18 18 18 18 18

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Jun-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 13
Top 10 Stocks (%) 97.93
Top 5 Stocks (%) 85.87
Top 3 Sectors (%) 99.89
Portfolio P/B Ratio 2.35
Portfolio P/E Ratio 24.83

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 3,35,441 2,45,140
Giant (%) 85.96 73.77
Large (%) 8.41 11.98
Mid (%) 5.63 11.66
Small (%) -- 4.85
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down HDFC Bank Financial 24.03 37.03 25.98 28.75
up ICICI Bank Financial 23.63 21.37 15.50 21.04
up Kotak Mahindra Bank Financial 33.00 16.65 12.05 12.05
down Axis Bank Financial 25.71 16.59 7.50 12.05
down State Bank of India Financial 17.20 13.27 8.10 11.98
up Indusind Bank Financial 22.10 8.07 3.52 5.35
down AU Small Finance Bank Financial 32.61 2.24 0.00 1.98
down Bandhan Bank Financial 23.13 2.75 0.00 1.95
down The Federal Bank Financial 10.83 1.69 1.18 1.52
down IDFC First Bank Financial 66.84 1.38 0.38 1.26
down Punjab National Bank Financial 16.98 1.11 0.43 1.10
down RBL Bank Financial 21.81 2.16 0.72 0.86
equal Yes Bank Financial -- 5.38 0.00 0.00

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Jun-2021

Fund Manager

— Devender Singhal since 09-May-2019

Education: Mr. Singhal has done B.A. (Maths) from Delhi University and PGDM, Finance from Fore School of Management, Delhi.

Experience: Prior to joining Kotak Mahindra AMC , he has worked with Kotak Securities Ltd.(July 2007 -- January 2009) ,Religare (February 2006 -- June 2007), Karvy (July 2004 -- January 2006), P N Vijay Financial Services Pvt Ltd(2001 -- 2004) and Dundee Mutual Fund( Summer Trainee ) (May 2000 -- June 2000 ).

Funds Managed:

— Satish Dondapati since 09-May-2019

Education: Mr. Dondapati has done MBA Finance

Experience: Prior to joining Kotak Mutual fund he has worked with Centurian Bank Of Punjab, Bajaj Capital Ltd.

Funds Managed:


-0.31%

Change from previous, NAV as on 30-Jul-2021

IDCW: ₹ 349.3928


Investment Strategy

The scheme seeks to provide returns before expenses that closely correspond to the total returns of stocks as represented by the Nifty Bank Index subject to tracking errors.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) --
Minimum No of Cheques --
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 04-Dec-2014
Return Since Launch: 10.07%
Benchmark: NIFTY Bank TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 7,281 Cr (As on 30-Jun-2021)
Expense: 0.18% (As on 30-Jun-2021)
Risk Grade: --
Return Grade: --
Turnover: 77.70%

Contact Information

AMC: Kotak Mahindra Asset Management Company Ltd

Address: 27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra (E) Mumbai - 400051

Phone: 022-61152100 / 1800-22-2626

Fax: 022-66384455

Email: [email protected]

Website: http://www.kotakmutual.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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