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Kotak Banking ETF

Kotak Banking ETF
Dividend Yearly
NA
Category
Equity - ETF
52-week NAV high
304.86  (As on 20-03-2019)
52-week NAV low
241.39  (As on 23-03-2018)
Expense
0.18%  (As on 28-02-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 10.65 9.32 13.41 23.69 19.28 24.50 13.14 - -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Dec 04, 2014
Last Dividend
NA
Minimum Investment
5000

About Kotak Mahindra Asset Management Company

Founded in 1998, Kotak Mahindra Asset Management Company Limited (KMAMC) is a subsidiary of Kotak Mahindra Bank Limited. The main objective of the fund house is to help potential investors with investment opportunities that have varying risks and returns. KMAMC has served more than 7.5 lakh investors who have invested in a variety of schemes offered by the company.

Kotak Banking ETF

Kotak Banking ETF Fund aims to achieve returns in accordance with the average returns of the stocks represented by the CNX Bank Index. The open-ended exchange traded fund does not assure or guarantee the attainment of its investment objective.

Key Features of the scheme

The following are some of the key features of the Kotak Banking ETF Fund:

Type of fund

Open ended scheme replicating/ tracking Nifty Bank index

Plans available

Dividend

Options under each plan

NA

Risk

High

Systematic Investment Plan

NA

Systematic Transfer Plan

NA

Systematic Withdrawal Plan

NA

Investment Amount for Kotak Bank ETF Fund

Minimum Initial Investment

NA

Minimum additional investment

NA

Minimum instalment for Systematic Investment Plan (SIP)

NA

Minimum instalment for Systematic Withdrawal Plan (SWP)

NA

Entry Load

Nil

Exit Load

Nil

Asset Allocation for Kotak Banking ETF Fund

Instruments

Allocations (Percentage of total assets)

Risk Profile

Stocks comprising Nifty Bank Index

Minimum: 95%

Maximum: 100%

Medium to High

Cash and debt/money market instruments

Minimum: 0%

Maximum: 5%

Low

Who Can Invest?

Below listed are the individuals and institutions who can make investment in Kotak Banking ETF Fund:

  • Banking and financial institutions, investment companies and regional, rural, and co-operative banks
  • Charitable/religious organisations that fall under the purview of Section 11(5) of the Income Tax Act, 1961
  • Educational institutes and universities
  • Foreign Institutional Investors (FIIs) registered with SEBI
  • Foreign Portfolio Investors (FPI)
  • Group/association of individuals (both incorporated and unincorporated)
  • Hindu Undivided Families (HUFs)
  • Individual residents above the age of 18 can jointly (maximum 3 persons) or individually can invest in the fund
  • Industrial development and scientific research organisations
  • International Multilateral Agencies approved by the government
  • Non-Resident Indians (NRIs) and individuals of Indian origin living abroad
  • Other Mutual Funds registered with SEBI
  • Other schemes under Kotak Mahindra Mutual Fund subject to certain conditions prescribed by the SEBI, AMC, Trustee, or Sponsor
  • Paramilitary/Navy/Air Force/Army/ forces and other eligible institutions
  • Parents and lawful guardians on behalf of minors/children
  • Partner/partners of a partnership firm
  • Pension/Gratuity/Provident and other similar funds are eligible to invest
  • Registered companies and corporate houses in India
  • Registered institutions/Co-operative Societies that are eligible to purchase the fund units
  • Trustees of private trusts eligible to make investments in the scheme within the purview of their trust deeds

Investment Restrictions of Kotak Bank ETF Fund

The following are some of the investment restrictions of the scheme:

  • The fund can only buy and sell securities against deliveries subject to certain other conditions.
  • The fund may invest a maximum of 5% of the NAV in another scheme under the same or different AMC with respect to certain conditions.
  • Transfer of investment is allowed from one scheme to another, subject to conditions as mentioned in the scheme document.
  • The fund can invest the corpus of the scheme in short-term deposits offered by commercial banks in accordance with SEBI guidelines.
  • The scheme is restricted to make more than 25% (of the NAV) of the investments in an unlisted security of a sponsor, group company, or security issued by way of private placement.
  • The scheme cannot make investments in any fund of funds scheme.
  • The scheme cannot invest more than 10% of the NAV in money market and non-money market debt instruments that are offered by a single issuer with respect to conditions mentioned in the scheme document.
  • Debentures will attract the same investment restrictions as in the case of debt instruments.
  • The mutual fund shall get the securities purchased/transferred in the name of the fund on account of the concerned scheme, where investments are intended to be of long term nature.
  • No term loans shall be advanced by the scheme for any purpose.
  • Investments shall be made in derivatives as per the guidelines issued by the SEBI.

Computation of NAV

The Net Asset Value of the fund is obtained by dividing the total value of the net assets by the number of units outstanding on the date when the valuation is made. The NAV of the scheme is updated on the AMFI website and the official website of Kotak Asset Management Company every business day.

Liquidity

Investors in different categories may sell the units they hold on all trading days of the stock exchange. The fund will repurchase the units from eligible participants/investors with respect to certain conditions.

Benchmark

Nifty Bank Index

Fund Manager: Deepak Gupta

Deepak is a graduate in commerce from Mumbai University. He is a Chartered Accountant and a Cost Accountant, and has also cleared the CFA (US, AIMR) Level III. Having over 13 years of experience, he has immense experience in the areas of fund management.

Why Invest in Kotak Banking ETF Fund

The investment objective of the scheme is to generate returns before expenses that correspond with the overall returns of stocks as represented by the Nifty Bank Index. The scheme is ideal for those who wish to invest in cash/debt money market and non-money market instruments and securities listed under Nifty Bank Index.

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GST rate of 18% applicable for all financial services effective July 1, 2017.

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