Kotak Nifty Financial Services Ex-Bank Index Fund Regular IDCW NAV today
AMFI: 151910ISIN: INF174KA1OP1MUTF_IN: KOTA_NIFT_FINC_1FKEMBBKotak Mahindra Mutual FundIndex funds
NAV ₹14.4690
NAV for 23 Oct 2026. Declared once a day.
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month.
- ₹91 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it.
- 0.83%20 Oct 2026
- Exit loadExit load. A charge, as a share of the amount redeemed, on units sold before a set period has passed since they were bought.
- None
- P/EP/E. What the fund pays for each rupee of yearly profit its companies earn: the total value of its shares divided by those companies' last four quarters of profit, each in proportion to what the fund holds. The profit leaves out one-off items (exceptional items and businesses sold or demerged), so one company's one-off gain cannot make the fund look cheap. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted.
- 20.930 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Very HighAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures.
- 3030 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 14 Aug 2023
Kotak Nifty Financial Services Ex-Bank Index Fund returns
Read from the regular plan's growth option: an IDCW plan's NAV falls by every payout, so it carries no return of its own
Over each window to 23 Oct 2026
| Over | ReturnTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. |
|---|---|---|
| 1 week | −5.23% | −5.21% |
| 1 month | −11.22% | −11.16% |
| 3 months | −10.23% | −10.06% |
| 6 months | −9.33% | −9.00% |
| 1 year | −10.47% | −9.40% |
| 3 years | +10.67% | +12.17% |
| 5 years | Needs 5 years | – |
₹10,000 put in on 21 Aug 2023 is ₹14,472 at the NAV of 23 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load.Over a year and longer, a return is the yearly rate. Benchmark: Nifty Financial Services Ex-Bank TRI, over the same days as the fund.
At the month end, 30 Sep 2026
| Over | FundTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. |
|---|---|---|
| 1 year | −0.19% | +1.01% |
| 3 years | +12.13% | +13.75% |
| Since launch | +14.12% | +15.74% |
Benchmark: Nifty Financial Services Ex-Bank TRI. Both as the fund house states them for the month.
Return in each calendar year
- Fund, Regular GrowthCalendar year return. The change in NAV from the last NAV of one year to the last NAV of the next.
- Nifty Financial Services Ex-Bank TRIBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer.
Highest year to Dec 2025, +26.8%; lowest year to Dec 2024, +12.9%
Kotak Nifty Financial Services Ex-Bank Index Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 23 Oct 2026
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,09,185₹1,09,179 after stamp duty | −16.93% | −16.94% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹3,75,446₹3,75,427 after stamp duty | +2.79% | +2.78% | ₹18 | |
| Since Aug 202338 instalments | ₹3,80,000 | ₹4,02,921₹4,02,901 after stamp duty | +3.69% | +3.69% | ₹19 |
5 years: Launched 14 Aug 2023, needs 5 years of history.
From the Regular Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Rolling returns
Per cent a year, every window from 21 Aug 2023 to 23 Oct 2026
Lowest to highestAverage
LowestLowest rolling return. The worst yearly return of any window of this length in the fund's history, one window starting on each day it priced.AverageAverage rolling return. The average of the yearly returns of every window of this length in the fund's history.HighestHighest rolling return. The best yearly return of any window of this length in the fund's history.Ended higherWindows that ended higher. The share of all the windows of this length in which the NAV ended above where it started.
1 year538 windows−10.5%+16.2%+38.2%96.3%
3 yearsLaunched 14 Aug 2023, needs 4 years of history
From the Regular Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Tracking error
Against Nifty Financial Services Ex-Banks TRI, as on 30 Sep 2026.
Against its index, by window
| Measure | Regular, this plan | Direct |
|---|---|---|
| Tracking errorTracking error. How much an index fund's daily returns differed from its index's, stated as a yearly figure. | 0.37% | 0.36% |
| Difference, 1 yearTracking difference. The index fund's return less its index's return over the same period; the fund's costs make it negative. | −1.20 pts | −0.68 pts |
| Difference, 3 years | −1.62 pts | −1.02 pts |
| Difference since launch | −1.62 pts | −1.01 pts |
Difference: the fund's return less the index's, in percentage points.
Kotak Nifty Financial Services Ex-Bank Index Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio.
- 0.51 ptsA year, on 20 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 0.32%Over the last 30 days filed
- Regular, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 0.83%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 0.32%, Sep 2026.Direct plan lowest 0.21%, May 2026.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. | 0.18% | 0.61% |
| Brokerage | 0.01% | 0.01% |
| Transaction costs | 0.00% | 0.00% |
| Statutory levies | 0.12% | 0.20% |
Per cent of assets a year, filed for 20 Oct 2026. The parts add up to that day's total.
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase.
- ₹100
- Minimum top-up
- ₹100
- Minimum redemption
- ₹1,000
- SIP
- Accepted
- SIP minimum
- Rs. 100/- and any amount thereafter
- SIP dates
- Any date from 1st to 31st
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold.
- None
As listed for this plan on 24 Oct 2026.
Kotak Nifty Financial Services Ex-Bank Index Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹98 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors.
- 63.8%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
The latest quarter is the largest since the quarter to Sep 2023.
Assets at each month end
Highest ₹100 Cr, Jun 2026.Lowest ₹24 Cr, Aug 2024.
Kotak Nifty Financial Services Ex-Bank Index Fund portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month. | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. | |||
|---|---|---|---|---|---|
| Bajaj FinanceFinance | Large cap7th | 15.82% | 14.42 | 1,50,275 | Oct 2024 |
| Shriram FinanceFinance | Large cap42nd | 8.32% | 7.58 | 77,146 | Oct 2024 |
| BSECapital Markets | Large cap74th | 7.64% | 6.96 | 22,503 | Aug 2023or earlier |
| Bajaj FinservFinance | Large cap27th | 6.08% | 5.54 | 32,014 | Aug 2023or earlier |
| Multi Commodity Exchange of IndiaCapital Markets | Mid cap157th | 5.09% | 4.64 | 14,048 | Oct 2024 |
| SBI Life Insurance CompanyInsurance | Large cap45th | 4.61% | 4.20 | 24,754 | Aug 2023or earlier |
| One 97 CommunicationsFinancial Technology (Fintech) | Mid cap146th | 4.37% | 3.98 | 23,713 | Mar 2025 |
| Jio Financial ServicesFinance | Large cap53rd | 4.30% | 3.92 | 1,80,761 | Mar 2024 |
| Cholamandalam Investment and Finance CompanyFinance | Large cap70th | 4.25% | 3.87 | 23,886 | Aug 2023or earlier |
| HDFC Life Insurance CompanyInsurance | Large cap65th | 3.39% | 3.09 | 59,247 | Aug 2023or earlier |
| Life Insurance Corporation of IndiaInsurance | Large cap11th | 3.03% | 2.76 | 69,862 | Oct 2024 |
| Power Finance CorporationFinance | Large cap68th | 2.86% | 2.61 | 80,188 | Aug 2023or earlier |
| Bajaj Holdings & InvestmentFinance | Large cap91st | 2.82% | 2.57 | 2,384 | Mar 2026 |
| HDFC Asset Management CompanyCapital Markets | Large cap96th | 2.82% | 2.56 | 11,246 | Aug 2023or earlier |
| ICICI Lombard General Insurance CompanyInsurance | Mid cap122nd | 2.34% | 2.13 | 13,412 | Aug 2023or earlier |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | ||
|---|---|---|
| Net Current Assets/(Liabilities) | −0.37% | −0.35 |
| Triparty Repo | 0.33% | 0.30 |
Weight is per cent of the fund's net assets; value in ₹ crore.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions.
- 15.82%Bajaj Finance
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 42.95%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 63.87%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 16.6Taken over 100.04% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought.- Indian shares100.04%
- Cash and receivables−0.04%
Per cent of the fund's net assets.
Large, mid and small cap
Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month.- Large cap68.75%
- Mid cap25.60%
- Small cap5.65%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026.
Sector allocation
Sector weight. The fund's shares grouped by the business each company is in, less the futures sold on them, each group as a share of the fund's net assets.1sector
- Financial Services100.04%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026.
Sector allocation month by month
| 13 months | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial Services30 companies | 100.04% | 100.03% | 99.79% | 99.76% | 99.91% | 99.97% | 100.24% | 99.93% | 100.10% | 100.01% | 99.84% | 100.06% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Oct 2025 to Sep 2026; the line runs from Sep 2025.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before.
- 0
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date.
- 0
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth.
- 30
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 0
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 0
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month.
- 0.00%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it.
- 2.69%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. | ||||
|---|---|---|---|---|---|
| PB Fintech | Added | 2.28% | 3.57% | −1.29 pts | +647 |
| One 97 Communications | Added | 4.37% | 3.98% | +0.39 pts | +714 |
| Bajaj Finserv | Added | 6.08% | 6.44% | −0.36 pts | +390 |
| Multi Commodity Exchange of India | Added | 5.09% | 4.78% | +0.31 pts | +113 |
| SBI Life Insurance Company | Added | 4.61% | 4.31% | +0.30 pts | +209 |
| BSE | Added | 7.64% | 7.39% | +0.25 pts | +181 |
| ICICI Lombard General Insurance Company | Added | 2.34% | 2.10% | +0.24 pts | +136 |
| Shriram Finance | Added | 8.32% | 8.56% | −0.24 pts | +644 |
| Bajaj Finance | Added | 15.82% | 15.60% | +0.22 pts | +3,866 |
| Cholamandalam Investment and Finance Company | Added | 4.25% | 4.43% | −0.18 pts | +254 |
| HDFC Life Insurance Company | Added | 3.39% | 3.22% | +0.17 pts | +483 |
| Power Finance Corporation | Added | 2.86% | 2.70% | +0.16 pts | +648 |
| Indian Railway Finance Corporation | Added | 1.07% | 0.92% | +0.15 pts | +13,524 |
| L&T Finance | Added | 1.37% | 1.51% | −0.14 pts | +433 |
| HDFC Asset Management Company | Added | 2.82% | 2.94% | −0.12 pts | +109 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Bajaj Finance | 16.81%Added | 16.17%Added | 15.40%Added | 15.01%Added | 15.81%Added | 14.49%Cut | 14.85%Cut | 14.24%Added | 15.49%Added | 17.01%Cut | 15.60%Cut | 15.82%Added |
 Shriram Finance | 6.35%Added | 6.99%Added | 8.20%Added | 8.69%Added | 9.04%Added | 8.25%Cut | 7.78%Cut | 7.78%Added | 8.40%Cut | 8.15%Cut | 8.56%Cut | 8.32%Added |
 BSE | 6.13%Added | 6.94%Added | 6.32%Added | 6.95%Added | 6.61%Added | 7.41%Cut | 8.81%Cut | 9.93%Added | 9.09%Cut | 8.29%Cut | 7.39%Cut | 7.64%Added |
 Bajaj Finserv | 7.22%Added | 7.00%Added | 6.85%Added | 6.79%Added | 6.81%Added | 6.36%Cut | 5.98%Cut | 6.03%Added | 5.93%Added | 6.53%Cut | 6.44%Cut | 6.08%Added |
 Multi Commodity Exchange of India | 2.86%Added | 3.01%Added | 3.34%Added | 3.92%Added | 3.73%Added | 4.19%Added | 4.49%Cut | 4.42%Added | 4.16%Cut | 3.82%Cut | 4.78%Cut | 5.09%Added |
 SBI Life Insurance Company | 5.32%Added | 5.17%Added | 5.37%Added | 5.45%Added | 5.47%Added | 5.46%Added | 4.84%Cut | 4.82%Added | 4.56%Cut | 4.70%Cut | 4.31%Cut | 4.61%Added |
 One 97 Communications | 2.90%Added | 2.84%Added | 3.10%Added | 2.81%Added | 2.67%Added | 2.73%Added | 2.73%Cut | 2.76%Added | 2.76%Cut | 3.14%Cut | 3.98%Cut | 4.37%Added |
 Jio Financial Services | 6.09%Added | 5.88%Added | 5.68%Added | 5.07%Added | 5.00%Added | 4.97%Cut | 4.79%Cut | 4.59%Added | 4.46%Cut | 4.68%Cut | 4.36%Cut | 4.30%Added |
 Cholamandalam Investment and Finance Company | 4.33%Added | 4.29%Added | 4.23%Added | 4.20%Added | 4.38%Added | 3.96%Added | 3.97%Cut | 3.86%Added | 4.45%Added | 4.45%Cut | 4.43%Cut | 4.25%Added |
 HDFC Life Insurance Company | 4.76%Added | 4.81%Added | 4.74%Added | 4.78%Added | 4.60%Added | 4.29%Cut | 3.74%Cut | 3.75%Added | 3.56%Cut | 3.28%Cut | 3.22%Cut | 3.39%Added |
 Life Insurance Corporation of India | 1.20%Added | 1.16%Added | 1.12%Added | 1.11%Added | 1.13%Added | 1.11%Added | 1.05%Cut | 1.07%Added | 1.10%Cut | 1.05%Cut | 2.92%Added | 3.03%Added |
 Power Finance Corporation | 3.56%Added | 3.09%Added | 3.04%Added | 3.36%Added | 3.60%Added | 3.73%Cut | 3.87%Cut | 3.66%Added | 3.55%Cut | 3.44%Cut | 2.70%Cut | 2.86%Added |
 Bajaj Holdings & Investment | – | – | – | – | – | 2.56%Bought again | 2.63%Cut | 2.63%Added | 2.64%Cut | 2.73%Cut | 2.78%Cut | 2.82%Added |
 HDFC Asset Management Company | 3.31%Added | 3.18%Added | 3.20%Added | 3.11%Added | 3.28%Added | 3.06%Cut | 3.27%Cut | 3.19%Added | 3.11%Cut | 2.97%Cut | 2.94%Cut | 2.82%Added |
 ICICI Lombard General Insurance Company | 2.91%Added | 2.79%Added | 2.79%Added | 2.67%Added | 2.75%Added | 2.85%Added | 2.53%Cut | 2.55%Added | 2.44%Added | 2.19%Cut | 2.10%Cut | 2.34%Added |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Portfolio turnover, per cent of assets a year
- TurnoverPortfolio turnover. How much of the portfolio the fund bought or sold over the last year, as a share of its assets, as the fund house states it.
Highest 86.5% in Jul 2024
Risk ratios
NAV to 23 Oct 2026
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves.18.74%
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure.12.04%
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV.0.39
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down.0.57
From the Regular Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Against Nifty Financial Services Ex-Bank TRI
BetaBeta. How much the fund's monthly return moved for each 1% move in its benchmark: 1 moves with it, below 1 moves less.1.00
AlphaAlpha. The yearly return the fund made beyond what its beta to the benchmark accounts for.−1.62 pts
R-squaredR-squared. The share of the fund's monthly movement that its benchmark's movement explains, from 0 to 100.99.9
CorrelationCorrelation. How closely the fund's monthly returns moved in step with its benchmark's, from minus 1 (always opposite) to 1 (always together).1.00
Upside captureUpside capture. The fund's return in the months its benchmark rose, as a percentage of the benchmark's return in those months.97.5%
Downside captureDownside capture. The fund's return in the months its benchmark fell, as a percentage of the benchmark's fall in those months.103.5%
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. |
|---|---|---|---|---|
| 1 and 3 years and since Aug 2023 | −17.16% | 6 Jan 2026 | 31 Mar 2026 | 31 Jul 2026 |
Risk level by month
| Months | FundRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. |
|---|---|---|
| Mar 2025 to Aug 202618 months | Very High | Very HighNifty Financial Services Ex-Bank TRI |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
Kotak Nifty Financial Services Ex-Bank Index Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. | ||
|---|---|---|---|---|---|---|---|---|
| Satish DondapatiFund Manager for equity investment of the Scheme | Aug 2023 | +14.36%a year | +16.01% | −1.66 pts | – | – | 45 | ₹20,994 Cr |
| Abhishek BisenFund Manager for debt investment of the Scheme | – | – | – | – | – | 85 | ₹1,87,877 Cr₹22,422 Cr alone | |
| Jeetu Valechha SonarFund Manager for equity investment of the Scheme | Mar 2026 | +0.46%over 221 days | +0.91% | −0.45 pts | 8.2% | 4.2% | 48 | ₹58,463 Cr |
Returns are the regular plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | ||
|---|---|---|---|---|---|
| Kotak Nifty Bank ETFSatish Dondapati | May 2019 | – | – | – | ₹4,097 Cr |
| Kotak Nifty 50 ETFSatish Dondapati | May 2019 | +11.28%a year | +11.45% | −0.16 pts | ₹3,261 Cr |
| Kotak Nifty 1D Rate Liquid ETFSatish Dondapati | Jan 2023 | – | – | – | ₹2,545 Cr |
| Kotak Nifty PSU Bank ETFSatish Dondapati | May 2019 | – | – | – | ₹2,477 Cr |
| Kotak Msci India ETFSatish Dondapati | Feb 2025 | +4.79%a year | – | – | ₹1,752 Cr |
| Kotak Nifty Next 50 Index FundSatish Dondapati | Mar 2021 | +13.51%a year | +14.42% | −0.90 pts | ₹1,280 Cr |
| Kotak Nifty 50 Index FundSatish Dondapati | Jun 2021 | +8.09%a year | +8.73% | −0.64 pts | ₹1,116 Cr |
| Kotak Nifty Alpha 50 ETFSatish Dondapati | Dec 2021 | +8.76%a year | +10.70% | −1.94 pts | ₹888 Cr |
| Kotak Nifty 200 Momentum 30 Index FundSatish Dondapati | Jun 2023 | +9.51%a year | +10.76% | −1.26 pts | ₹567 Cr |
| Kotak Nifty Midcap 150 Momentum 50 Index FundSatish Dondapati | Oct 2024 | −5.76%a year | −4.57% | −1.19 pts | ₹447 Cr |
Up to ten funds a manager, largest first. Returns are the regular plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | Shared holdings. The number of securities both funds hold, cash and futures left out. | |
|---|---|---|
| Motilal Oswal BSE Financials ex Bank 30 Index FundMotilal Oswal Mutual Fund | 87.67% | 25 |
| Tata Nifty Financial Services Index FundTata Mutual Fund | 36.95% | 15 |
| Motilal Oswal Nifty MidSmall Financial Services Index FundMotilal Oswal Mutual Fund | 34.28% | 17 |
| Motilal Oswal Nifty Capital Market Index FundMotilal Oswal Mutual Fund | 20.60% | 7 |
| Tata Nifty Capital Markets Index FundTata Mutual Fund | 20.60% | 7 |
| Tata Nifty200 Alpha 30 Index FundTata Mutual Fund | 18.68% | 6 |
| SBI Nifty200 Momentum 30 Index FundSBI Mutual Fund | 16.47% | 5 |
| Bandhan Nifty200 Momentum 30 Index FundBandhan Mutual Fund | 16.47% | 5 |
| HDFC NIFTY200 Momentum 30 Index FundHDFC Mutual Fund | 16.47% | 5 |
| Kotak Nifty 200 Momentum 30 Index FundKotak Mahindra Mutual Fund | 16.47% | 5 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
Fund details
Objective
The investment objective of the scheme is to replicate the composition of the Nifty Financial Services Ex-Bank Index and to generate returns that are commensurate with the performance of the Nifty Financial Services Ex-Bank Index, subject to tracking errors. However, there is no assurance that the objective of the scheme will be realized.
Asset allocation
- Investments Indicative Allocation Equity and Equity related securities covered by the Nifty Financial Services Ex-Bank Index- 95%-100%-Very High Debt and Money Market Instruments -0%-5%-Low to Moderate
Type of scheme
An open ended scheme replicating/ tracking Nifty Financial Services Ex-Bank Index
- Stated category
- Other Schemes
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back.
- Nifty Financial Services Ex-Bank Index (Total Return Index)
- Risk level at launchRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Very High
- New fund offer
- 24 Jul 2023 to 7 Aug 2023
- Units first allotted
- 14 Aug 2023
- Open for sale again
- 23 Aug 2023
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹5,000
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 151911 | INF174KA1OR7 | KOTA_NIFT_FINC_1DCL48D | 21 Aug 2023 | |
| Regular Growth | 151909 | INF174KA1OO4 | KOTA_NIFT_FINC_Z3AUT5 | 21 Aug 2023 | |
| Direct IDCW | 151912 | INF174KA1OS5 | INF174KA1OT3 | KOTA_NIFT_FINC_PGJ7XF | 21 Aug 2023 |
| Regular IDCW | 151910 | INF174KA1OP1 | INF174KA1OQ9 | KOTA_NIFT_FINC_1FKEMBB | 21 Aug 2023 |
This fund
- Scheme information document (opens in a new tab)The fund's objective, terms, costs and risks in full
Factsheet
- Factsheet for September 2026 (opens in a new tab)Kotak Mahindra Mutual Fund, Sep 2026
Statement of additional information
- SAI Kotak Mahindra Mutual Fund (opens in a new tab)Kotak Mahindra Mutual Fund, Oct 2026
Annual report
- Annual Report FY 2025-26 (opens in a new tab)Kotak Mahindra Mutual Fund, Mar 2026
- Abridged Annual Report for FY 2025-26 (opens in a new tab)Kotak Mahindra Mutual Fund, Mar 2026
- KMTC Annual Report for FY 2025-26 (opens in a new tab)Kotak Mahindra Mutual Fund, Mar 2026
Riskometer disclosure
- Riskometer Disclosure as on March 2026 (opens in a new tab)Kotak Mahindra Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio Overlap - September 2026 (opens in a new tab)Kotak Mahindra Mutual Fund, Sep 2026