Kotak Banking & Financial Services Fund Direct Growth
EquitySector - Financial ServicesVery High Risk
Direct
NAV (21-Nov-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹986 Cr
Expense Ratio
0.68%
ISIN
INF174KA1MD1
Minimum SIP
₹100
Exit Load
1.00%
Inception Date
27 Feb 2023
About this fund
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹14.37, Assets Under Management (AUM) of 985.92 Crores, and an expense ratio of 0.68%.
- Kotak Banking & Financial Services Fund Direct Growth has given a CAGR return of 23.29% since inception.
- The fund's asset allocation comprises around 98.18% in equities, 0.00% in debts, and 1.82% 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
+22.83%
+16.56% (Cat Avg.)
Since Inception
+23.29%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Equity | ₹967.96 Cr | 98.18% |
| Others | ₹17.96 Cr | 1.82% |
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)
Large Cap Stocks
71.35%
Mid Cap Stocks
12.32%
Small Cap Stocks
12.12%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹967.96 Cr | 98.18% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
16.63%
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
0.45
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.79
Higher the better
Fund Managers
Abhishek Bisen
Since February 2023
Shibani Kurian
Since February 2023
Additional Scheme Detailsas of 31st October 2024
ISIN INF174KA1MD1 | Expense Ratio 0.68% | Exit Load 1.00% | Fund Size ₹986 Cr | Age 1 year 8 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% | - | ₹10.92 Cr | 9.7% |
| Aditya Birla Sun Life Nifty Financial Services ETF Very High Risk | - | - | - | - |
| Nippon India ETF Nifty PSU Bank BeES Very High Risk | 0.5% | - | ₹2481.67 Cr | 25.4% |
| Kotak Nifty PSU Bank ETF Very High Risk | 0.5% | - | ₹1396.39 Cr | 25.4% |
| HDFC Nifty Bank ETF Very High Risk | 0.2% | - | ₹2818.24 Cr | 16.1% |
| 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% | - | ₹239.75 Cr | 16.0% |
| ICICI Prudential Banking and Financial Services Regular Growth Very High Risk | 1.8% | 1.0% | ₹8850.47 Cr | 19.2% |
| UTI Banking and Financial Services Fund Regular Growth Very High Risk | 2.2% | 1.0% | ₹1159.45 Cr | 20.8% |
| Nippon India Banking & Financial Services Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹6237.85 Cr | 18.9% |
About the AMC
Kotak Mahindra Mutual Fund
Total AUM
₹5,12,585 Cr
Address
2nd Floor, 12-BKC, Plot No C-12, Mumbai, 400 051
Other Funds by Kotak Mahindra Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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What is the current NAV of Kotak Banking & Financial Services Fund Direct Growth?
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- Abhishek Bisen
- Shibani Kurian
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