Kotak Nifty Financial Services Ex-Bank Index Fund Direct Growth

Fund Overview

Fund Size

₹99 Cr

Expense Ratio

0.31%

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 3 years, 1 months and 28 days, having been launched on 14-Aug-23.
As of 09-Oct-26, it has a Net Asset Value (NAV) of ₹15.39, Assets Under Management (AUM) of 99.18 Crores, and an expense ratio of 0.3068%.

Kotak Nifty Financial Services Ex-Bank Index Fund Direct Growth has given a CAGR return of 14.66% since inception.
The fund's asset allocation comprises around 100.02% in equities, 0.00% in debts, and -0.02% 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

-2.69%

— (Cat Avg.)

3 Years

+12.96%

— (Cat Avg.)

Since Inception

+14.66%

— (Cat Avg.)

Portfolio Summaryas of 31st August 2026

Equity	₹99.2 Cr	100.02%
Others	₹-0.02 Cr	-0.02%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Bajaj Finance Ltd	Equity	₹15.48 Cr	15.60%
Shriram Finance Ltd	Equity	₹8.49 Cr	8.56%
BSE Ltd	Equity	₹7.33 Cr	7.39%
Bajaj Finserv Ltd	Equity	₹6.39 Cr	6.44%
Multi Commodity Exchange of India Ltd	Equity	₹4.74 Cr	4.78%
Cholamandalam Investment and Finance Co Ltd	Equity	₹4.39 Cr	4.43%
Jio Financial Services Ltd	Equity	₹4.33 Cr	4.36%
SBI Life Insurance Co Ltd	Equity	₹4.27 Cr	4.31%
One97 Communications Ltd	Equity	₹3.95 Cr	3.98%
PB Fintech Ltd	Equity	₹3.54 Cr	3.57%
HDFC Life Insurance Co Ltd	Equity	₹3.19 Cr	3.22%
HDFC Asset Management Co Ltd	Equity	₹2.92 Cr	2.94%
Life Insurance Corporation of India	Equity	₹2.9 Cr	2.92%
Bajaj Holdings and Investment Ltd	Equity	₹2.75 Cr	2.78%
Power Finance Corp Ltd	Equity	₹2.67 Cr	2.70%
Max Financial Services Ltd	Equity	₹2.28 Cr	2.30%
REC Ltd	Equity	₹2.21 Cr	2.22%
ICICI Lombard General Insurance Co Ltd	Equity	₹2.08 Cr	2.10%
Aditya Birla Capital Ltd	Equity	₹1.84 Cr	1.86%
Muthoot Finance Ltd	Equity	₹1.74 Cr	1.76%
360 One Wam Ltd Ordinary Shares	Equity	₹1.66 Cr	1.68%
L&T Finance Ltd	Equity	₹1.5 Cr	1.51%
Central Depository Services (India) Ltd	Equity	₹1.36 Cr	1.38%
PNB Housing Finance Ltd	Equity	₹1.18 Cr	1.19%
ICICI Prudential Life Insurance Co Ltd	Equity	₹1.12 Cr	1.13%
SBI Cards and Payment Services Ltd Ordinary Shares	Equity	₹1.04 Cr	1.05%
Computer Age Management Services Ltd Ordinary Shares	Equity	₹1.03 Cr	1.03%
Angel One Ltd Ordinary Shares	Equity	₹1.02 Cr	1.03%
Indian Railway Finance Corp Ltd Ordinary Shares	Equity	₹0.92 Cr	0.92%
LIC Housing Finance Ltd	Equity	₹0.88 Cr	0.89%
Net Current Assets/(Liabilities)	Cash	₹-0.32 Cr	0.32%
Triparty Repo	Cash - Repurchase Agreement	₹0.3 Cr	0.30%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹94.22 Cr	95.00%
Technology	₹4.98 Cr	5.02%

Risk & Performance Ratios

Fund Managers

Abhishek Bisen

Since August 2023

Satish Dondapati

Since August 2023

Jeetu Sonar

Since March 2026

Additional Scheme Detailsas of 31st August 2026

ISIN

INF174KA1OR7

Expense Ratio

0.31%

Exit Load

No Charges

Fund Size

₹99 Cr

Age

3 years 1 month

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
Quant Nifty Midcap 150 Index Fund Direct Growth Very High Risk	-	0.0%	-	-
Quant Nifty 100 Index Fund Regular Growth Very High Risk	-	0.0%	-	-
Quant Nifty Midcap 150 Index Fund Regular Growth Very High Risk	-	0.0%	-	-
Quant Nifty 100 Index Fund Direct Growth Very High Risk	-	0.0%	-	-
Quant Nifty 50 Index Fund Regular Growth Very High Risk	-	0.0%	-	-
Quant Nifty 50 Index Fund Direct Growth Very High Risk	-	0.0%	-	-
Motilal Oswal Nifty Midcap150 Plus 8-13 yr G-Sec 70:30 Index Fund Direct Growth Very High Risk	-	1.0%	-	-
Motilal Oswal Nifty Midcap150 Plus 8-13 yr G-Sec 70:30 Index Fund Regular Growth Very High Risk	-	1.0%	-	-
Kotak Nifty 500 Index Fund Regular Growth Very High Risk	-	0.0%	-	-
Kotak Nifty 500 Index Fund Direct Growth Very High Risk	-	0.0%	-	-
Aditya Birla Sun Life BSE Total Market ETF Very High Risk	-	-	-	-
HDFC Nifty LargeMidcap250 Plus 8-13 yr G-sec 70 30 Index Fund Regular Growth High Risk	-	0.0%	-	-
HDFC Nifty LargeMidcap250 Plus 8-13 yr G-sec 70 30 Index Fund Direct Growth High Risk	-	0.0%	-	-
Aditya Birla Sun Life BSE Total Market Index Fund Regular Growth Very High Risk	-	0.0%	-	-
Aditya Birla Sun Life BSE Total Market Index Fund Direct Growth Very High Risk	-	0.0%	-	-
HDFC FTSE India Equity ETF Very High Risk	-	-	-	-
Motilal Oswal Nifty REITs & Realty Index Fund Regular Growth Very High Risk	-	1.0%	-	-
Motilal Oswal Nifty REITs & Realty Index Fund Direct Growth Very High Risk	-	1.0%	-	-
Zerodha Nifty Next 100 ETF Very High Risk	-	-	-	-
HDFC BSE REITS and Commercial Real Estate Index Fund Regular Growth Very High Risk	-	0.0%	-	-
HDFC BSE REITS and Commercial Real Estate Index Fund Direct Growth Very High Risk	-	0.0%	-	-
Kotak Nifty Capital Markets Index Fund Regular Growth Very High Risk	-	0.0%	-	-
Kotak Nifty Capital Markets Index Fund Direct Growth Very High Risk	-	0.0%	-	-
Invesco India Nifty Chemical Index Fund Direct Growth Very High Risk	-	0.0%	-	-
Axis Nifty500 Low Volatility 50 Index Fund Regular Growth Very High Risk	-	0.0%	-	-
Axis Nifty500 Low Volatility 50 Index Fund Direct Growth Very High Risk	-	0.0%	-	-
Invesco India Nifty Chemical Index Fund Regular Growth Very High Risk	-	0.0%	-	-
Mirae Asset BSE Information Technology Index Fund Direct Growth Very High Risk	-	0.0%	-	-
Mirae Asset BSE Information Technology Index Fund Regular Growth Very High Risk	-	0.0%	-	-
Navi Nifty REITs & Realty Index Fund Direct Growth Very High Risk	-	0.0%	-	-
Navi Nifty REITs & Realty Index Fund Regular Growth Very High Risk	-	0.0%	-	-
UTI BSE India Sector Leaders Index Fund Regular Growth Very High Risk	-	0.0%	-	-
UTI BSE India Sector Leaders Index Fund Direct Growth Very High Risk	-	0.0%	-	-
UTI BSE India Sector Leaders Exchange Traded Fund Very High Risk	-	-	-	-
JioBlackRock Nifty Next 50 Index Fund Regular Growth Very High Risk	0.8%	0.0%	₹222.60 Cr	-
JioBlackRock Nifty 50 Index Fund Regular Growth Very High Risk	0.5%	0.0%	₹268.06 Cr	-
JioBlackRock Nifty Midcap 150 Index Fund Regular Growth Very High Risk	0.8%	0.0%	₹287.17 Cr	-
JioBlackRock Nifty Smallcap 250 Index Fund Regular Growth Very High Risk	0.8%	0.0%	₹404.18 Cr	-
Mirae Asset BSE LargeMid (60 40) Stable Dividend 50 ETF Very High Risk	0.1%	-	₹23.82 Cr	-
UTI Nifty 500 Index Fund Direct Growth Very High Risk	-	0.0%	₹101.72 Cr	-
UTI Nifty 500 Index Fund Regular Growth Very High Risk	-	0.0%	₹101.72 Cr	-
Axis Nifty Energy Index Fund Regular Growth Very High Risk	1.1%	0.0%	₹99.61 Cr	-
Axis Nifty Energy Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹99.61 Cr	-
JioBlackRock Nifty 50 ETF Very High Risk	0.1%	-	₹79.43 Cr	-
Kotak Nifty Bank Index Fund Regular Growth Very High Risk	0.5%	0.0%	₹6.79 Cr	-
Kotak Nifty Bank Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹6.79 Cr	-
Edelweiss Nifty REITs & Realty Index Fund Regular Growth Very High Risk	1.1%	0.0%	₹139.39 Cr	-
Edelweiss Nifty REITs & Realty Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹139.39 Cr	-
Mirae Asset Nifty200 Momentum 30 Plus 8-13yr G-Sec 75:25 Direct Growth High Risk	8.7%	0.0%	₹13.44 Cr	-
Mirae Asset Nifty200 Momentum 30 Plus 8-13yr G-Sec 75:25 Regular Growth High Risk	9.4%	0.0%	₹13.44 Cr	-

About the AMC

Kotak Mahindra Mutual Fund

+91 22 61152100

https://www.kotakmf.com/

Total AUM

₹6,46,073 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 Nifty 500 Index Fund Direct Growth Very High Risk	-	0.0%	-	-
Kotak Nifty Capital Markets Index Fund Direct Growth Very High Risk	-	0.0%	-	-
Kotak Multi Sector Omni FOF Direct Growth Very High Risk	-	0.0%	-	-
Kotak Nifty Bank Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹6.79 Cr	-
Kotak Diversified Equity All Cap Omni FOF Direct Growth Low Risk	-	0.0%	₹562.55 Cr	-
Infinity Hybrid Long-Short Fund Direct Growth Low to Moderate Risk	2.1%	0.0%	-	-
Kotak Nifty Alpha Low-Volatility 30 Index Fund Direct Growth Very High Risk	1.9%	0.0%	₹7.33 Cr	-
Kotak Multi Asset Active FOF Direct Growth Very High Risk	0.9%	1.0%	₹79.55 Cr	-
Kotak Quality Overseas Equity Omni FOF Direct Growth Very High Risk	1.0%	1.0%	₹407.78 Cr	-
Kotak Multi Factor Passive FOF Direct Growth Very High Risk	0.4%	0.0%	₹135.77 Cr	-
Kotak Services Fund Direct Growth Very High Risk	1.3%	0.0%	₹756.53 Cr	-
Kotak Nifty200 Value 30 Index Fund Direct Growth Very High Risk	1.2%	0.0%	₹13.18 Cr	-
Kotak Dividend Yield Fund Direct Growth Very High Risk	1.1%	1.0%	₹239.22 Cr	-
Kotak Nifty500 Momentum 50 Index Fund Direct Growth Very High Risk	0.9%	0.0%	₹26.23 Cr	-
Kotak Rural Opportunities Fund Direct Growth Very High Risk	0.9%	0.0%	₹758.11 Cr	-
Kotak Gold Silver Passive FOF Direct Growth Very High Risk	0.6%	0.0%	₹1141.92 Cr	-
Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹1055.65 Cr	6.3%
Kotak Active Momentum Fund Direct Growth Very High Risk	1.3%	0.0%	₹1659.32 Cr	3.2%
Kotak Nifty Alpha 50 Index Fund Direct Growth Very High Risk	0.8%	0.0%	₹49.06 Cr	7.9%
Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹257.52 Cr	5.4%
Kotak Nifty 200 Quality 30 Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹17.54 Cr	-8.2%
Kotak Nifty Top 10 Equal Weight Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹39.55 Cr	-13.4%
Kotak Energy Opportunities Fund Direct Growth Very High Risk	1.1%	0.0%	₹274.55 Cr	0.3%
Kotak Nifty Midcap 150 Index Fund Regular Growth Very High Risk	0.4%	0.0%	₹47.05 Cr	-0.1%
Kotak CRISIL-IBX Financial Services 3-6 Months Debt Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹269.65 Cr	6.8%
Kotak Nifty Commodities Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹296.34 Cr	-1.6%
Kotak CRISIL-IBX AAA Bond Financial Services Index - Dec 2026 Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹129.00 Cr	6.6%
Kotak BSE Sensex Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹23.65 Cr	-11.2%
Kotak Nifty Smallcap 250 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹84.92 Cr	3.4%
Kotak Nifty 100 Equal Weight Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹48.38 Cr	-2.4%
Kotak Nifty 50 Equal Weight Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹67.48 Cr	-4.5%
Kotak Transportation & Logistics Fund Direct Growth Very High Risk	1.1%	0.0%	₹539.86 Cr	0.6%
Kotak MNC Fund Direct Growth Very High Risk	0.9%	0.0%	₹2309.19 Cr	16.3%
Kotak Nifty Midcap 150 Momentum 50 Index Fund Direct Growth Very High Risk	0.8%	0.0%	₹473.94 Cr	-1.1%
Kotak Nifty India Tourism Index Fund Direct Growth Very High Risk	0.6%	0.0%	₹37.49 Cr	-16.0%
Kotak Crisil-IBX AAA Financial Services Index - Sep 2027 Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹467.92 Cr	6.0%
Kotak Nifty Midcap 50 Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹86.47 Cr	1.8%
Kotak BSE PSU Index Fund Direct Growth Very High Risk	0.5%	0.0%	₹80.52 Cr	-2.4%
Kotak Special Opportunities Fund Direct Growth Very High Risk	1.0%	0.0%	₹1702.45 Cr	15.7%
Kotak Nifty 100 Low Volatility 30 Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹113.51 Cr	-7.6%
Kotak Fixed Maturity Plan Series 330 - 98 Days Direct Growth Low Risk	-	0.0%	-	-
Kotak Nifty AAA Bond Jun 2025 HTM Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹102.05 Cr	7.5%
Kotak Fixed Maturity Plan Series 329 - 90 Days Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak Long Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹57.83 Cr	-0.3%
Kotak Technology Fund Direct Growth Very High Risk	1.1%	0.0%	₹532.44 Cr	-10.1%
Kotak Fixed Maturity Plan Series 328 - 90 Days Direct Growth Moderate Risk	-	0.0%	₹144.91 Cr	-
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%	-	-

Risk Level

Your principal amount will be at Very High Risk

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We're here to help.

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 09-Oct-2026, is ₹15.39.

What are the returns of Kotak Nifty Financial Services Ex-Bank Index Fund Direct Growth?

The fund has generated -2.69% over the last 1 year and 12.96% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

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 100.02% in equities, 0.00% in bonds, and -0.02% 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
Satish Dondapati
Jeetu Sonar

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 Nifty Financial Services Ex-Bank Index Fund Direct Growth

Fund Overview