Kotak Nifty Financial Services Ex-Bank Index Fund Direct Growth

Fund Overview

Fund Size

₹55 Cr

Expense Ratio

0.22%

ISIN

INF174KA1OR7

Minimum SIP

₹100

Exit Load

No Charges

Inception Date

14 Aug 2023

About this fund

Kotak Nifty Financial Services Ex-Bank Index Fund Direct Growth is a Index Funds mutual fund schemes offered by Kotak Mahindra Mutual Fund. This fund has been in existence for 1 years, 10 months and 18 days, having been launched on 14-Aug-23.
As of 01-Jul-25, it has a Net Asset Value (NAV) of ₹16.08, Assets Under Management (AUM) of 55.39 Crores, and an expense ratio of 0.22%.

Kotak Nifty Financial Services Ex-Bank Index Fund Direct Growth has given a CAGR return of 28.75% since inception.
The fund's asset allocation comprises around 99.80% in equities, 0.00% in debts, and 0.20% in cash & cash equivalents.
You can start investing in Kotak Nifty Financial Services Ex-Bank Index 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

+24.23%

— (Cat Avg.)

Since Inception

+28.75%

— (Cat Avg.)

Portfolio Summaryas of 31st May 2025

Equity	₹55.28 Cr	99.80%
Others	₹0.11 Cr	0.20%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Bajaj Finance Ltd	Equity	₹8.76 Cr	15.81%
Bajaj Finserv Ltd	Equity	₹4.01 Cr	7.23%
BSE Ltd	Equity	₹3.97 Cr	7.17%
Jio Financial Services Ltd	Equity	₹3.42 Cr	6.18%
Shriram Finance Ltd	Equity	₹3.26 Cr	5.89%
HDFC Life Insurance Co Ltd	Equity	₹3.03 Cr	5.47%
SBI Life Insurance Co Ltd	Equity	₹2.96 Cr	5.35%
Cholamandalam Investment and Finance Co Ltd	Equity	₹2.46 Cr	4.44%
Power Finance Corp Ltd	Equity	₹2.15 Cr	3.89%
PB Fintech Ltd	Equity	₹2.13 Cr	3.84%
REC Ltd	Equity	₹1.83 Cr	3.30%
HDFC Asset Management Co Ltd	Equity	₹1.77 Cr	3.19%
ICICI Lombard General Insurance Co Ltd	Equity	₹1.64 Cr	2.95%
Max Financial Services Ltd	Equity	₹1.41 Cr	2.55%
Multi Commodity Exchange of India Ltd	Equity	₹1.22 Cr	2.21%
One97 Communications Ltd	Equity	₹1.11 Cr	2.00%
SBI Cards and Payment Services Ltd Ordinary Shares	Equity	₹1.01 Cr	1.82%
Central Depository Services (India) Ltd	Equity	₹0.99 Cr	1.79%
ICICI Prudential Life Insurance Co Ltd	Equity	₹0.95 Cr	1.71%
Indian Railway Finance Corp Ltd Ordinary Shares	Equity	₹0.9 Cr	1.63%
Muthoot Finance Ltd	Equity	₹0.87 Cr	1.56%
Life Insurance Corporation of India	Equity	₹0.77 Cr	1.40%
Computer Age Management Services Ltd Ordinary Shares	Equity	₹0.69 Cr	1.25%
LIC Housing Finance Ltd	Equity	₹0.65 Cr	1.18%
Angel One Ltd Ordinary Shares	Equity	₹0.64 Cr	1.16%
Aditya Birla Capital Ltd	Equity	₹0.58 Cr	1.04%
Mahindra & Mahindra Financial Services Ltd	Equity	₹0.56 Cr	1.02%
Indian Energy Exchange Ltd	Equity	₹0.55 Cr	1.00%
L&T Finance Ltd	Equity	₹0.5 Cr	0.90%
Piramal Enterprises Ltd	Equity	₹0.48 Cr	0.87%
Triparty Repo	Cash - Repurchase Agreement	₹0.1 Cr	0.18%
Net Current Assets/(Liabilities)	Cash	₹0.01 Cr	0.02%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹53.48 Cr	96.55%
Technology	₹1.8 Cr	3.24%

Risk & Performance Ratios

Fund Managers

Abhishek Bisen

Since August 2023

Devender Singhal

Since August 2023

Satish Dondapati

Since August 2023

Additional Scheme Detailsas of 31st May 2025

ISIN

INF174KA1OR7

Expense Ratio

0.22%

Exit Load

No Charges

Fund Size

₹55 Cr

Age

1 year 10 months

Lumpsum Minimum

₹100

Fund Status

Open Ended Investment Company

Benchmark

Nifty Fin Ser Ex-Bank TR

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 Index Funds Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
ICICI Prudential Nifty Top 15 Equal Weight ETF Very High Risk	-	-	-	-
ICICI Prudential Nifty Top 15 Equal Weight Index Fund Direct Growth Very High Risk	-	0.0%	-	-
ICICI Prudential Nifty Top 15 Equal Weight Index Fund Regular Growth Very High Risk	-	0.0%	-	-
Motilal Oswal Nifty PSE ETF Very High Risk	-	-	-	-
Tata Nifty Midcap 150 Index Fund Direct Growth Very High Risk	-	0.0%	-	-
Tata Nifty Midcap 150 Index Fund Regular Growth Very High Risk	-	0.0%	-	-
DSP Nifty IT Index Fund Direct Growth Very High Risk	-	0.0%	-	-
DSP Nifty IT Index Fund Regular Growth Very High Risk	-	0.0%	-	-
DSP Nifty Healthcare Index Fund Direct Growth Very High Risk	-	0.0%	-	-
DSP Nifty Healthcare Index Fund Regular Growth Very High Risk	-	0.0%	-	-
Groww Nifty 500 Low Volatility 50 ETF Very High Risk	-	-	-	-
Nippon India BSE Sensex Next 30 Index Fund Direct Growth Very High Risk	-	0.0%	-	-
Nippon India BSE Sensex Next 30 Index Fund Regular Growth Very High Risk	-	0.0%	-	-
Motilal Oswal BSE India Infrastructure ETF Very High Risk	0.5%	-	₹5.21 Cr	-
Nippon India BSE Sensex Next 30 ETF Very High Risk	-	-	-	-
ICICI Prudential Nifty200 Quality 30 Index Fund Direct Growth Very High Risk	-	0.0%	-	-
ICICI Prudential Nifty200 Quality 30 Index Fund Regular Growth Very High Risk	-	0.0%	-	-
Motilal Oswal Nifty Next 50 ETF Very High Risk	0.2%	-	₹2.78 Cr	-
SBI NIFTY 200 Quality 30 Index Fund Direct Growth Very High Risk	-	0.0%	-	-
SBI NIFTY 200 Quality 30 Index Fund Regular Growth Very High Risk	-	0.0%	-	-
Motilal Oswal Nifty 50 Equal Weight ETF Very High Risk	0.1%	-	₹5.45 Cr	-
Angel One Nifty 50 ETF Very High Risk	0.1%	-	₹7.15 Cr	-
Angel One Nifty 50 Index Fund Direct Growth Very High Risk	0.7%	0.0%	₹39.36 Cr	-
Angel One Nifty 50 Index Fund Regular Growth Very High Risk	0.2%	0.0%	₹39.36 Cr	-
Bajaj Finserv Nifty 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹7.28 Cr	-
Bajaj Finserv Nifty 50 Index Fund Regular Growth Very High Risk	0.9%	0.0%	₹7.28 Cr	-
Edelweiss BSE Internet Economy Index Fund Regular Growth Very High Risk	1.1%	0.0%	₹29.77 Cr	-
Edelweiss BSE Internet Economy Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹29.77 Cr	-
Bajaj Finserv Nifty Next 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹8.46 Cr	-
Bajaj Finserv Nifty Next 50 Index Fund Regular Growth Very High Risk	0.9%	0.0%	₹8.46 Cr	-
Nippon India Nifty 500 Low Volatility 50 Index Fund Regular Growth Very High Risk	0.9%	0.0%	₹11.77 Cr	-
Nippon India Nifty 500 Low Volatility 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹11.77 Cr	-
Nippon India Nifty 500 Quality 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹32.41 Cr	-
Nippon India Nifty 500 Quality 50 Index Fund Regular Growth Very High Risk	0.9%	0.0%	₹32.41 Cr	-
Kotak Nifty Top 10 Equal Weight Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹12.92 Cr	-
Kotak Nifty Top 10 Equal Weight Index Fund Regular Growth Very High Risk	0.9%	0.0%	₹12.92 Cr	-
Groww Nifty 500 Momentum 50 ETF Very High Risk	0.4%	-	₹14.54 Cr	-
SBI BSE PSU Bank Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹19.57 Cr	-
SBI BSE PSU Bank Index Fund Regular Growth Very High Risk	0.8%	0.0%	₹19.57 Cr	-
SBI BSE PSU Bank ETF Very High Risk	0.3%	-	₹492.15 Cr	-
Tata BSE Quality Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹47.79 Cr	-
Tata BSE Quality Index Fund Regular Growth Very High Risk	1.1%	0.0%	₹47.79 Cr	-
HDFC Nifty Top 20 Equal Weight Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹80.69 Cr	-
HDFC Nifty Top 20 Equal Weight Index Fund Regular Growth Very High Risk	0.9%	0.0%	₹80.69 Cr	-
Kotak Nifty Midcap 150 Index Fund Regular Growth Very High Risk	0.3%	0.0%	₹5.43 Cr	-
Kotak Nifty Midcap 150 Index Fund Direct Growth Very High Risk	0.8%	0.0%	₹5.43 Cr	-
Mirae Asset BSE 200 Equal Weight ETF Fund of Fund Regular Growth Very High Risk	1.0%	0.0%	₹8.98 Cr	-
Mirae Asset BSE 200 Equal Weight ETF Fund of Fund Direct Growth Very High Risk	0.4%	0.0%	₹8.98 Cr	-
Mirae Asset BSE 200 Equal Weight ETF Very High Risk	0.4%	-	₹16.32 Cr	-
Navi Nifty Smallcap250 Momentum Quality 100 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹13.22 Cr	-

About the AMC

Kotak Mahindra Mutual Fund

+91 22 61152100

https://www.kotakmf.com/

Total AUM

₹5,56,416 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%	₹206.03 Cr	-
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	0.8%	0.0%	₹434.55 Cr	17.6%
Kotak FMP Series 323 Direct Growth Low Risk	-	0.0%	-	-
Kotak Consumption Fund Direct Growth Very High Risk	0.6%	0.0%	₹1247.64 Cr	11.0%
Kotak Nifty G-Sec July 2033 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹21.41 Cr	11.1%
Kotak Multi Asset Allocation Fund Direct Growth High Risk	0.4%	1.0%	₹7947.03 Cr	6.0%
Kotak S&P BSE Housing Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹17.14 Cr	-6.3%
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%	₹94.00 Cr	9.2%
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	-	-	₹109.38 Cr	11.8%
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%	₹125.59 Cr	8.2%
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%	₹33.56 Cr	8.1%
Kotak FMP Series 300 - 1223 days Direct Growth Low to Moderate Risk	-	0.0%	₹241.41 Cr	8.2%
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%	₹462.24 Cr	8.4%
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	0.6%	1.0%	₹17329.27 Cr	1.9%
Kotak Flexicap Fund Direct Growth Very High Risk	0.6%	1.0%	₹52532.92 Cr	8.0%
Kotak Equity Opportunities Fund Direct Growth Very High Risk	0.6%	1.0%	₹27046.44 Cr	4.5%
Kotak Taxsaver Fund Direct Growth Very High Risk	0.6%	0.0%	₹6266.40 Cr	2.8%
Kotak Nifty 200 Momentum 30 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹447.33 Cr	-9.8%
Kotak Nifty 50 Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹899.91 Cr	7.1%
Kotak Infrastructure and Economic Reform Fund Direct Growth Very High Risk	0.7%	0.0%	₹2402.04 Cr	-4.1%
Kotak Low Duration Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹12903.84 Cr	8.7%
Kotak Bluechip Fund Direct Growth Very High Risk	0.6%	1.0%	₹10138.03 Cr	7.5%
Kotak Bond Fund Direct Growth Moderate Risk	0.7%	0.0%	₹2063.21 Cr	9.3%
Kotak Bond Fund Short Term Plan Direct Growth Low to Moderate Risk	0.4%	0.0%	₹18428.66 Cr	9.8%

Risk Level

Your principal amount will be at Very High Risk

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What is the current NAV of Kotak Nifty Financial Services Ex-Bank Index Fund Direct Growth?

The NAV of Kotak Nifty Financial Services Ex-Bank Index Fund Direct Growth, as of 01-Jul-2025, is ₹16.08.

What is the portfolio composition of Kotak Nifty Financial Services Ex-Bank Index Fund Direct Growth?

The fund's allocation of assets is distributed as 99.80% in equities, 0.00% in bonds, and 0.20% in cash and cash equivalents.

Who manages the Kotak Nifty Financial Services Ex-Bank Index Fund Direct Growth?

The fund managers responsible for Kotak Nifty Financial Services Ex-Bank Index Fund Direct Growth are:-

Abhishek Bisen
Devender Singhal
Satish Dondapati

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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Fund Overview

Fund Size

₹55 Cr

Expense Ratio

0.22%

ISIN

INF174KA1OR7

Minimum SIP

₹100

Exit Load

No Charges

Inception Date

14 Aug 2023

Risk Level

Your principal amount will be at Very High Risk