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Fund Overview

Fund Size

Fund Size

₹854 Cr

Expense Ratio

Expense Ratio

0.71%

ISIN

ISIN

INF174KA1MD1

Minimum SIP

Minimum SIP

₹100

Exit Load

Exit Load

1.00%

Inception Date

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, 4 months and 15 days, having been launched on 27-Feb-23.
As of 11-Jul-24, it has a Net Asset Value (NAV) of ₹14.54, Assets Under Management (AUM) of 854.26 Crores, and an expense ratio of 0.71%.
  • Kotak Banking & Financial Services Fund Direct Growth has given a CAGR return of 31.43% since inception.
  • The fund's asset allocation comprises around 98.33% in equities, 0.00% in debts, and 1.67% 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

+26.56%

+23.54% (Cat Avg.)

Since Inception

+31.43%

(Cat Avg.)

Portfolio Summaryas of 30th June 2024

Equity839.99 Cr98.33%
Others14.27 Cr1.67%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
HDFC Bank LtdEquity176.52 Cr19.25%
ICICI Bank LtdEquity150.97 Cr16.47%
State Bank of IndiaEquity69.19 Cr7.55%
Axis Bank LtdEquity67.89 Cr7.40%
Kotak Mahindra Bank LtdEquity45.67 Cr4.98%
Power Finance Corp LtdEquity44.11 Cr4.81%
Shriram Finance LtdEquity33.29 Cr3.63%
SBI Life Insurance Company LimitedEquity26.83 Cr2.93%
Can Fin Homes LtdEquity21.51 Cr2.35%
India Shelter Finance Corporation LtdEquity21.12 Cr2.30%
Cholamandalam Investment and Finance Co LtdEquity21.06 Cr2.30%
Bajaj Finance LtdEquity19.47 Cr2.12%
Canara BankEquity17.68 Cr1.93%
Nippon Life India Asset Management Ltd Ordinary SharesEquity17.34 Cr1.89%
Indian BankEquity16.4 Cr1.79%
City Union Bank LtdEquity15.29 Cr1.67%
360 One Wam Ltd Ordinary SharesEquity15.27 Cr1.67%
Bank of BarodaEquity14.96 Cr1.63%
ICICI Lombard General Insurance Co LtdEquity11.99 Cr1.31%
Medi Assist Healthcare Services LtdEquity11.73 Cr1.28%
IndusInd Bank LtdEquity11.4 Cr1.24%
Triparty RepoCash - Repurchase Agreement10.5 Cr1.15%
Jammu & Kashmir Bank LtdEquity10 Cr1.09%
The Federal Bank LtdEquity9.51 Cr1.04%
Jana Small Finance Bank LtdEquity9.24 Cr1.01%
HDFC Life Insurance Company LimitedEquity9.1 Cr0.99%
Karur Vysya Bank LtdEquity9.1 Cr0.99%
Mahindra & Mahindra Financial Services LtdEquity8.18 Cr0.89%
LIC Housing Finance LtdEquity7.97 Cr0.87%
ICICI Securities LtdEquity6.44 Cr0.70%
Net Current Assets/(Liabilities)Cash4.81 Cr0.52%
AAVAS Financiers LtdEquity2.39 Cr0.26%

Allocation By Market Cap (Equity)

Large Cap Stocks

78.54%

Mid Cap Stocks

7.49%

Small Cap Stocks

12.31%

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services889.88 Cr97.05%
Healthcare11.73 Cr1.28%

Risk & Performance Ratios

Standard Deviation

This fund

--

Cat. avg.

16.57%

Lower the better

Sharpe Ratio

This fund

--

Cat. avg.

0.55

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

0.98

Higher the better

Fund Managers

Abhishek Bisen

Abhishek Bisen

Since February 2023

Arjun Khanna

Arjun Khanna

Since February 2023

SK

Shibani Kurian

Since February 2023

Additional Scheme Detailsas of 30th June 2024

ISIN
INF174KA1MD1
Expense Ratio
0.71%
Exit Load
1.00%
Fund Size
₹854 Cr
Age
27 Feb 2023
Lumpsum Minimum
₹100
Fund Status
Open Ended Investment Company
Benchmark
Nifty Financial Services TR INR

Investment ObjectiveInvestment 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

Withdrawal within 1 year

Flat 15% tax on realised gains (STCG - short term capital gains)

Withdrawal after 1 year

10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies 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 nameExpense RatioExit LoadFund size
1Y
Tata Nifty Private Bank ETF

Very High Risk

0.1%-₹9.45 Cr15.1%
Aditya Birla Sun Life Nifty Financial Services ETF

Very High Risk

----
Nippon India ETF Nifty PSU Bank BeES

Very High Risk

0.5%-₹2759.48 Cr64.0%
Kotak Nifty PSU Bank ETF

Very High Risk

0.5%-₹1477.69 Cr64.1%
HDFC Nifty Bank ETF

Very High Risk

0.2%-₹2535.06 Cr17.6%
ICICI Prudential Nifty Private Banks ETF

Very High Risk

0.1%-₹1911.12 Cr14.1%
Axis NIFTY Bank ETF

Very High Risk

0.2%-₹274.29 Cr17.5%
ICICI Prudential Banking and Financial Services Regular Growth

Very High Risk

1.9%1.0%₹7671.24 Cr22.9%
UTI Banking and Financial Services Fund Regular Growth

Very High Risk

2.2%1.0%₹1140.83 Cr25.0%
Nippon India Banking & Financial Services Fund Regular Growth

Very High Risk

1.9%1.0%₹5932.60 Cr26.9%

About the AMC

Total AUM

₹4,47,798 Cr

Address

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

Other Funds by Kotak Mahindra Mutual Fund

Fund nameExpense RatioExit LoadFund 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%₹288.07 Cr-
Kotak FMP Series 323 Direct Growth

Low Risk

-0.0%--
Kotak Consumption Fund Direct Growth

Very High Risk

0.7%1.0%₹604.38 Cr-
Kotak Nifty G-Sec July 2033 Index Fund Direct Growth

Moderate Risk

0.1%0.0%₹19.62 Cr-
Kotak Multi Asset Allocation Fund Direct Growth

High Risk

0.3%1.0%₹6089.40 Cr-
Kotak S&P BSE Housing Index Fund Direct Growth

Very High Risk

0.2%0.0%₹14.03 Cr-
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%-7.9%
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

---8.5%
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

Low to Moderate Risk

-0.0%-7.4%
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 Cr50.2%
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%-7.3%
Kotak FMP Series 300 - 1223 days Direct Growth

Low to Moderate Risk

-0.0%-7.4%
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%₹427.48 Cr7.6%
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%₹16707.37 Cr49.4%
Kotak Flexicap Fund Direct Growth

Very High Risk

0.6%1.0%₹48469.47 Cr41.5%
Kotak Equity Opportunities Fund Direct Growth

Very High Risk

0.5%1.0%₹24055.26 Cr47.5%
Kotak Taxsaver Fund Direct Growth

Very High Risk

0.6%0.0%₹6100.96 Cr43.9%
Kotak Nifty 200 Momentum 30 Index Fund Direct Growth

Very High Risk

0.4%0.0%₹202.41 Cr69.3%
Kotak Nifty 50 Index Fund Direct Growth

Very High Risk

0.1%0.0%₹710.87 Cr26.1%
Kotak Infrastructure and Economic Reform Fund Direct Growth

Very High Risk

0.7%1.0%₹2272.88 Cr66.9%
Kotak Low Duration Fund Direct Growth

Low to Moderate Risk

0.4%0.0%₹10272.24 Cr7.7%
Kotak Bluechip Fund Direct Growth

Very High Risk

0.6%1.0%₹8847.88 Cr35.8%
Kotak Bond Fund Direct Growth

Moderate Risk

0.7%0.0%₹1976.82 Cr8.6%
Kotak Bond Fund Short Term Plan Direct Growth

Moderate Risk

0.4%0.0%₹15045.22 Cr7.8%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of Kotak Banking & Financial Services Fund Direct Growth, as of 11-Jul-2024, is ₹14.54.
The fund's allocation of assets is distributed as 98.33% in equities, 0.00% in bonds, and 1.67% in cash and cash equivalents.
The fund managers responsible for Kotak Banking & Financial Services Fund Direct Growth are:-
  1. Abhishek Bisen
  2. Arjun Khanna
  3. Shibani Kurian