Kotak Banking & Financial Services Fund Direct Growth

Fund Overview

Fund Size

₹1,031 Cr

Expense Ratio

0.68%

ISIN

INF174KA1MD1

Minimum SIP

₹100

Exit Load

1.00%

Inception Date

27 Feb 2023

About this fund

Kotak Banking & Financial Services Fund Direct Growth is a Sector - Financial Services mutual fund schemes offered by Kotak Mahindra Mutual Fund. This fund has been in existence for 1 years, 9 months and 25 days, having been launched on 27-Feb-23.
As of 20-Dec-24, it has a Net Asset Value (NAV) of ₹14.54, Assets Under Management (AUM) of 1031.00 Crores, and an expense ratio of 0.68%.

Kotak Banking & Financial Services Fund Direct Growth has given a CAGR return of 22.95% since inception.
The fund's asset allocation comprises around 94.15% in equities, 0.00% in debts, and 5.85% in cash & cash equivalents.
You can start investing in Kotak Banking & Financial Services Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+15.44%

+8.83% (Cat Avg.)

Since Inception

+22.95%

— (Cat Avg.)

Portfolio Summaryas of 30th November 2024

Equity	₹970.68 Cr	94.15%
Others	₹60.32 Cr	5.85%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
HDFC Bank Ltd	Equity	₹185.78 Cr	18.84%
ICICI Bank Ltd	Equity	₹173.36 Cr	17.58%
State Bank of India	Equity	₹68.08 Cr	6.91%
Axis Bank Ltd	Equity	₹62.22 Cr	6.31%
Kotak Mahindra Bank Ltd	Equity	₹43.86 Cr	4.45%
Power Finance Corp Ltd	Equity	₹38.04 Cr	3.86%
Shriram Finance Ltd	Equity	₹37.77 Cr	3.83%
SBI Life Insurance Co Ltd	Equity	₹29.17 Cr	2.96%
Bajaj Finance Ltd	Equity	₹25.53 Cr	2.59%
Bajaj Housing Finance Ltd	Equity	₹23.51 Cr	2.38%
Poonawalla Fincorp Ltd	Equity	₹22.53 Cr	2.29%
Triparty Repo	Cash - Repurchase Agreement	₹21.19 Cr	2.15%
360 One Wam Ltd Ordinary Shares	Equity	₹21.14 Cr	2.14%
Nippon Life India Asset Management Ltd Ordinary Shares	Equity	₹20.54 Cr	2.08%
Aditya Birla Sun Life AMC Ltd	Equity	₹20.09 Cr	2.04%
Indian Bank	Equity	₹19.42 Cr	1.97%
India Shelter Finance Corporation Ltd	Equity	₹18.92 Cr	1.92%
LIC Housing Finance Ltd	Equity	₹16.6 Cr	1.68%
City Union Bank Ltd	Equity	₹16.08 Cr	1.63%
Can Fin Homes Ltd	Equity	₹15.19 Cr	1.54%
ICICI Lombard General Insurance Co Ltd	Equity	₹14.76 Cr	1.50%
Cholamandalam Investment and Finance Co Ltd	Equity	₹13.74 Cr	1.39%
Karur Vysya Bank Ltd	Equity	₹11.98 Cr	1.21%
Motilal Oswal Financial Services Ltd	Equity	₹11.72 Cr	1.19%
HDFC Life Insurance Co Ltd	Equity	₹11.02 Cr	1.12%
The Federal Bank Ltd	Equity	₹10.94 Cr	1.11%
Bank of Baroda	Equity	₹10.16 Cr	1.03%
Jammu & Kashmir Bank Ltd	Equity	₹8.78 Cr	0.89%
ICICI Securities Ltd	Equity	₹7.37 Cr	0.75%
Mahindra & Mahindra Financial Services Ltd	Equity	₹4.93 Cr	0.50%
IndusInd Bank Ltd	Equity	₹4.73 Cr	0.48%
Net Current Assets/(Liabilities)	Cash	₹-3.23 Cr	0.33%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹967.96 Cr	98.18%

Risk & Performance Ratios

Fund Managers

Abhishek Bisen

Since February 2023

Shibani Kurian

Since February 2023

Additional Scheme Detailsas of 30th November 2024

ISIN

INF174KA1MD1

Expense Ratio

0.68%

Exit Load

1.00%

Fund Size

₹1,031 Cr

Age

1 year 9 months

Lumpsum Minimum

₹100

Fund Status

Open Ended Investment Company

Benchmark

Nifty Financial Services TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Sector - Financial Services Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Tata Nifty Private Bank ETF Very High Risk	0.1%	-	₹10.97 Cr	1.1%
Aditya Birla Sun Life Nifty Financial Services ETF Very High Risk	-	-	-	-
Nippon India ETF Nifty PSU Bank BeES Very High Risk	0.5%	-	₹2724.85 Cr	19.2%
Kotak Nifty PSU Bank ETF Very High Risk	0.5%	-	₹1434.25 Cr	19.1%
HDFC Nifty Bank ETF Very High Risk	0.2%	-	₹2818.24 Cr	13.8%
ICICI Prudential Nifty Private Banks ETF Very High Risk	0.1%	-	₹1911.12 Cr	14.1%
Axis NIFTY Bank ETF Very High Risk	0.2%	-	₹240.82 Cr	7.7%
ICICI Prudential Banking and Financial Services Regular Growth Very High Risk	1.8%	1.0%	₹9025.72 Cr	13.2%
UTI Banking and Financial Services Fund Regular Growth Very High Risk	2.2%	1.0%	₹1170.31 Cr	12.9%
Nippon India Banking & Financial Services Fund Regular Growth Very High Risk	1.9%	1.0%	₹6307.03 Cr	11.7%

About the AMC

Kotak Mahindra Mutual Fund

+91 22 61152100

https://www.kotakmf.com/

Total AUM

₹5,10,238 Cr

Address

2nd Floor, 12-BKC, Plot No C-12, Mumbai, 400 051

Other Funds by Kotak Mahindra Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Kotak FMP Series 327 Direct Growth Moderately High risk	-	0.0%	-	-
Kotak FMP Series 326 - 175 Days Direct Growth Moderate Risk	-	-	-	-
Kotak FMP Series 325 - 90 Days Direct Growth Moderate Risk	-	0.0%	-	-
Kotak FMP Series 324 - 109 Days Direct Growth Moderately High risk	-	0.0%	-	-
Kotak Healthcare Fund Direct Growth Very High Risk	0.7%	1.0%	₹418.74 Cr	41.4%
Kotak FMP Series 323 Direct Growth Low Risk	-	0.0%	-	-
Kotak Consumption Fund Direct Growth Very High Risk	0.6%	1.0%	₹1110.54 Cr	33.2%
Kotak Nifty G-Sec July 2033 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹18.55 Cr	9.3%
Kotak Multi Asset Allocation Fund Direct Growth High Risk	0.3%	1.0%	₹7652.91 Cr	20.8%
Kotak S&P BSE Housing Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹18.54 Cr	25.2%
Kotak Fixed Maturity Plan 1174 Days Series 268 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 308 - 1125 Days Direct Growth Moderately High risk	-	0.0%	-	8.5%
Kotak Yearly Interval Plan Series 1 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak Fixed Maturity Plan 1355 Days Series 286 Direct Growth Low to Moderate Risk	-	-	-	-
Kotak FMP Series 304 Direct Growth Moderate Risk	-	-	-	10.0%
Kotak Fixed Maturity Plan Series 262 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 291 - 1826 Days Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak Fixed Maturity Plan Series 264 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 310 - 1131 Days Direct Growth Moderate Risk	-	0.0%	-	7.8%
Kotak FMP Series 306 Direct Growth Moderate Risk	-	0.0%	-	-
Kotak Quarterly Interval Series 12 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak Fixed Maturity Plan Series 249 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 295 Direct Growth Moderate Risk	-	0.0%	-	-
Kotak Fixed Maturity Plan Series 258 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 298 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 290 - 1180 Days Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak Monthly Interval Series 4 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 293 - 1826 Days Direct Growth Moderate Risk	-	0.0%	-	-
Kotak India Growth Fund Series IV Direct Growth Very High Risk	0.3%	0.0%	₹132.94 Cr	50.2%
Kotak Fixed Maturity Plan Series 260 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 287 - 1188 days Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak Fixed Maturity Plan Series 272 Direct Growth Low to Moderate Risk	-	-	-	-
Kotak Fixed Maturity Plan Series 273 Direct Growth Low to Moderate Risk	-	-	-	-
Kotak FMP Series 305 Direct Growth Low to Moderate Risk	-	0.0%	-	7.7%
Kotak FMP Series 300 - 1223 days Direct Growth Low to Moderate Risk	-	0.0%	-	7.8%
Kotak Quarterly Interval Series 13 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 292 - 1735 Days Direct Growth Low to Moderate Risk	-	0.0%	₹443.31 Cr	8.1%
Kotak FMP Series 289 -1179 days Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 288 -1177 days Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak Small Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹17732.03 Cr	30.9%
Kotak Flexicap Fund Direct Growth Very High Risk	0.6%	1.0%	₹51275.67 Cr	22.0%
Kotak Equity Opportunities Fund Direct Growth Very High Risk	0.5%	1.0%	₹25648.50 Cr	29.6%
Kotak Taxsaver Fund Direct Growth Very High Risk	0.6%	0.0%	₹6232.32 Cr	26.9%
Kotak Nifty 200 Momentum 30 Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹394.66 Cr	25.8%
Kotak Nifty 50 Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹772.38 Cr	12.4%
Kotak Infrastructure and Economic Reform Fund Direct Growth Very High Risk	0.6%	1.0%	₹2395.27 Cr	40.0%
Kotak Low Duration Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹12490.29 Cr	8.2%
Kotak Bluechip Fund Direct Growth Very High Risk	0.6%	1.0%	₹9497.92 Cr	21.0%
Kotak Bond Fund Direct Growth Moderate Risk	0.7%	0.0%	₹2083.62 Cr	9.3%
Kotak Bond Fund Short Term Plan Direct Growth Moderate Risk	0.4%	0.0%	₹16980.23 Cr	8.6%

Risk Level

Your principal amount will be at Very High Risk

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Still got questions?
We're here to help.

What is the current NAV of Kotak Banking & Financial Services Fund Direct Growth?

The NAV of Kotak Banking & Financial Services Fund Direct Growth, as of 20-Dec-2024, is ₹14.54.

What is the portfolio composition of Kotak Banking & Financial Services Fund Direct Growth?

The fund's allocation of assets is distributed as 94.15% in equities, 0.00% in bonds, and 5.85% in cash and cash equivalents.

Who manages the Kotak Banking & Financial Services Fund Direct Growth?

The fund managers responsible for Kotak Banking & Financial Services Fund Direct Growth are:-

Abhishek Bisen
Shibani Kurian

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Kotak Banking & Financial Services Fund Direct Growth

Fund Overview