Kotak Nifty Financial Services Ex-Bank Index Fund
The scheme seeks 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.
Growthvine rating: 5/5 — ranked #21 of 244 in category.
Fund basics
| Category | Equity: Index |
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| NAV | ₹16.80 (as of 2026-08-21) |
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| AUM | ₹99 Cr |
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| Expense ratio | 0.61% |
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| Riskometer | Very High |
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| Fund manager | Abhishek Bisen |
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| Exit load | 0 |
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Performance & risk
| Standard deviation | 0.00% |
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| Max drawdown | -17.16% |
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| Alpha | 0 |
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| Beta | 0 |
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Market cap allocation
| Large cap | 70.3% |
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| Mid cap | 24.3% |
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| Small cap | 5.4% |
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Concentration
| Top 5 holdings | 44.7% |
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| Top 10 holdings | 64.3% |
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| Total holdings | 30 |
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Top holdings
- Bajaj Finance Limited — 17.0%
- BSE Ltd. — 8.3%
- Shriram Finance Limited — 8.1%
- Bajaj Finserv Limited — 6.5%
- SBI Life Insurance Company Limited — 4.7%
- Jio Financial Services Limited — 4.7%
- Cholamandalam Investment and Finance Company Ltd — 4.4%
- Multi Commodity Exchange of India Ltd — 3.8%
- Power Finance Corporation Ltd — 3.4%
- HDFC LIFE INSURANCE COMPANY LIMITED — 3.3%
Top sectors
- Finance & Investments — 55.9%
- Banking & Financial — 26.4%
- Miscellaneous — 11.3%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 2.1% | — | — |
| 2025 | 26.8% | — | — |
| 2024 | 12.9% | — | — |