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Unrated

Kotak Banking ETF Fund Regular


1 Lakh

Investment declined to
₹ 0.89 Lakh

₹ 10000

Monthly SIP Declined to
₹ 2.79 Lakh

Analyst's Choice?

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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 -35.77 2.00 11.91 -2.77 -29.20 -34.68 -34.52 -3.74 3.59 -- --
S&P BSE Bankex TRI -34.30 2.07 11.96 -2.57 -28.12 -32.93 -32.03 -2.74 4.05 -- --
Equity: Sectoral-Banking -34.63 2.12 11.76 -2.26 -27.99 -33.56 -33.59 -7.18 0.82 -- --
Rank within category 14 6 8 17 14 15 11 7 8 -- --
Number of funds in category 23 23 23 23 23 23 18 17 15 10 8

As on 03-Jun-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 12.12 (19-Sep-2019 - 26-Sep-2019) -27.18 (16-Mar-2020 - 23-Mar-2020)
Month 18.45 (24-Mar-2020 - 23-Apr-2020) -46.04 (20-Feb-2020 - 23-Mar-2020)
Quarter 27.99 (25-Feb-2016 - 26-May-2016) -48.38 (23-Dec-2019 - 23-Mar-2020)
Year 52.40 (24-Feb-2016 - 23-Feb-2017) -45.44 (27-May-2019 - 26-May-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -1.95 28.77 -0.25 -0.25 1.00 -0.80
S&P BSE Bankex TRI -1.12 28.56 -0.23 -0.23 -- --
Equity: Sectoral-Banking -5.63 29.31 -0.35 -0.41 0.98 -4.67
Rank within category 7 8 6 7 10 6
Number of funds in category 17 17 17 17 17 17

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

As on 31-May-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 13
Top 10 Stocks (%) 98.75
Top 5 Stocks (%) 89.73
Top 3 Sectors (%) 99.97
Portfolio P/B Ratio 1.63
Portfolio P/E Ratio 36.10

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,18,238 1,64,903
Giant (%) 89.76 74.89
Large (%) 1.62 7.59
Mid (%) 7.70 14.71
Small (%) 0.92 3.43
Tiny (%) -- 0.73

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 20.63 37.03 28.65 30.72
down ICICI Bank Financial 24.18 20.31 14.76 20.17
down Kotak Mahindra Bank Financial 31.28 16.00 11.14 14.89
down Axis Bank Financial 61.74 14.48 7.33 13.16
down State Bank of India Financial 10.99 12.54 7.92 10.79
down Indusind Bank Financial 6.66 8.38 3.52 4.17
down Bandhan Bank Financial 13.30 1.62 0.00 1.62
down Federal Bank Financial 5.90 2.14 1.18 1.44
down RBL Bank Financial 12.99 2.16 0.00 0.92
down Bank of Baroda Financial -- 1.67 0.77 0.87
down IDFC First Bank Financial -- 0.80 0.38 0.67
down Punjab National Bank Financial -- 1.57 0.43 0.55
equal Yes Bank Financial -- 6.02 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-Apr-2020

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:


2.00%

Change from previous, NAV as on 03-Jun-2020

Dividend: ₹ 211.7529


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 (₹) --
Exit Load 0

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 04-Dec-2014
Return Since Launch: 2.52%
Benchmark: NIFTY Bank TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 5,179 Cr (As on 30-Apr-2020)
Expense: 0.18% (As on 30-Apr-2020)
Risk Grade: --
Return Grade: --
Turnover: 68.48%

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: 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

Upcoming Video

Value Investing

Shop for value or hold cash

dateFriday, 12-Jun-2020
time12:30 PM - 01:00 PM