Kotak Sensex ETF

Kotak Sensex ETF
Dividend Yearly
NA
Category
Equity - ETF
52-week NAV high
468.82  (As on 14-01-2020)
52-week NAV low
291.05  (As on 23-03-2020)
Expense
0.28%  (As on 31-08-2020)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns -1.82 8.57 26.90 0.03 2.11 6.67 7.98 9.07 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Jun 06, 2008
Last Dividend
NA
Minimum Investment
10000

Kotak Mahindra Mutual Fund is one India’s leading company offering financial services. Kotak Mahindra Asset Management Company Limited manages the assets of Kotak Mahindra Mutual Fund and started operations in 1998. The Reserve Bank of India granted banking licence to Kotak Mahindra Finance Limited in 2003 and the company became the first non-banking finance company to become a bank.

Investment Objective of Kotak Sensex ETF

The main objective of Kotak Sensex ETF is to generate returns that closely matches the overall returns of the BSE SENSEX. This is however subject to tracking errors.

Key Features of Kotak Sensex ETF

Type of fund Open-ended scheme that replicates the BSE Sensex Index
Risk Moderately high
Systematic Investment Plan Not available
Systematic Transfer Plan Not available
Systematic Withdrawal Plan Not available

Investment amount for Kotak Sensex ETF

Minimum application amount Purchases made directly from the mutual fund will be restricted to authorised participants. This is provided the units to be purchased is in creation unit size.
Entry load Not applicable
Exit load Nil

Asset Allocation for Kotak Sensex ETF

Investments Indicative Allocation (% to net assets) Risk Profile
Cash and money/debt market instruments 0% to 5% Low
Stocks comprising BSE SENSEX Index 95% to 100% Medium to High

Who can invest in Kotak Sensex ETF

The following entities can invest in Kotak Sensex ETF:

  • Resident Indians, either singly or jointly (not more than three)
  • Non-Resident Indians (NRIs)
  • Parents or Guardians investing on behalf of minors
  • Public Sector Undertakings and corporations subject to permissions given by the Central Government
  • Hindu Undivided Families (HUFs)
  • Industrial and Scientific organisations
  • Foreign Portfolio Investor
  • Banks and other financial institutions
  • Trustees that have been given the authority to invest in mutual funds
  • Partners of Partnership Firms
  • Mutual funds that have been registered under the SEBI
  • International Multilateral Agencies that have been given approval by the Government of India
  • Universities and other educational institutions
  • Body of Individuals or an Association of Persons, whether they are incorporated or not
  • Public Financial Institutions as defined under the Companies Act 2013
  • Other schemes of Kotak Mahindra Bank. This is however subject to some restrictions put in place by the SEBI
  • Pension, gratuity, provident, and other similar funds when they are allowed to invest

NAV Disclosure and Benchmark for Kotak Sensex ETF

The NAV of the scheme will be calculated by dividing all the assets of the scheme by the number of outstanding units on the date of valuation. The NAV will be computed and announced at the end of all business days. The NAV value is calculated up to four decimals. The Benchmark of Kotak Sensex ETF is BSE Sensex.

Kotak Sensex ETF Fund Manager

Deepak Gupta is the fund manager of the scheme.

Investment restrictions of Kotak Sensex ETF

Some of the investment restrictions have been listed below:

  • Securities shall be sold by the fund only against deliveries. Short selling and carry forward transactions will not be done by the fund in any case.
  • No investments shall be made by the scheme in fund of fund schemes.
  • More than 10% of the Net Assets of the scheme may not be invested in unrated debt instruments that have been offered by a single issuer. The total investment made in such instruments should not exceed 25% of the net assets of the scheme.
  • Debentures are applicable for the investment restrictions that are in place for debt instruments irrespective of the residual maturity period.
  • The scheme shall not own more than 10% of any company’s paid up capital voting rights.
  • Investments made in equity and its related instruments shall not exceed more than 10% of the Net Assets of the scheme.
  • Up to 5% of the net assets may be invested by the scheme in unlisted equity and its related instruments.
  • More than 10% of the NAV of the scheme shall not be invested in debt instruments that comprise money and non-money market instruments.

Dividend policy of Kotak Sensex ETF

Trustees will be declaring the dividend in case there is an availability of adequate distributable surplus. All the dividend warrants will be sent to the unitholders before the completion of one month from the date of declaration of dividend.

Why you should invest in Kotak Sensex ETF

Kotak Mahindra Asset Management Company Limited has more than 7.5 lakh investors across various schemes. They have a number of different schemes that cater to the different needs of the investors. The company has its presence in close to 80 cities with more than 80 branches.

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