About Fund
The investment objective of the scheme is to replicate the composition of the Nifty Financial Services Ex-Bank Index and to generate returns that are commensurate with the performance of the Nifty Financial Services Ex-Bank Index, subject to tracking errors. However, there is no assurance that the objective of the scheme will be realized. The scheme does not assure or guarantee any returns
The Kotak Nifty Financial Services Ex-Bank Index Fund Direct Growth has an AUM of 85.18 crores & has delivered CAGR of 0.00 in the last 5 years. The fund has an exit load of 0.00% and an expense ratio of 0.22%. The minimum investment in Kotak Nifty Financial Services Ex-Bank Index Fund Direct Growth is Rs 100 and the minimum SIP is Rs 100.
As per morningstar the risk & return rating of the fund are Medium & Exceptional respectively.
The fund has a present cash holding of %. The top holdings of the fund include Bajaj Finance, Shriram Finance, BSE, Bajaj Finserv.
The major sectors where the fund is invested are Consumer Financial Services, Insurance (Life), Investment Services, Misc. Financial Services.
Some of the similar funds are LIC MF BSE Sensex Index Direct Plan Growth option, HDFC NIFTY Realty Index Fund Direct Growth, Tata Nifty Auto Index Fund Direct Growth, Kotak Nifty Financial Services Ex-Bank Index Fund Direct Growth, Kotak BSE PSU Index Fund Direct Growth. Kotak Nifty Financial Services Ex-Bank Index Fund Direct Growth has a sharpe ratio of 0.00 & a standard deviation of 0.00%.