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 245 in category.
Fund basics
| Category | Equity: Index |
|---|
| NAV | ₹14.91 (as of 2026-10-01) |
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| AUM | ₹99 Cr |
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| Expense ratio | 0.59% |
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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
| Sharpe ratio | 0.7 |
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| Standard deviation | 17.77% |
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| Max drawdown | −17.16% |
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| Alpha | 0 |
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| Beta | 0.99 |
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Market cap allocation
| Large cap | 68.3% |
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| Mid cap | 26.2% |
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| Small cap | 5.5% |
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Concentration
| Top 5 holdings | 42.8% |
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| Top 10 holdings | 63.4% |
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| Total holdings | 30 |
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Top holdings
- Bajaj Finance Limited — 15.6%
- Shriram Finance Limited — 8.6%
- BSE Ltd. — 7.4%
- Bajaj Finserv Limited — 6.4%
- Multi Commodity Exchange of India Ltd — 4.8%
- Cholamandalam Investment and Finance Company Ltd — 4.4%
- Jio Financial Services Limited — 4.4%
- SBI Life Insurance Company Limited — 4.3%
- One 97 Communications Limited — 4.0%
- PB Fintech Limited — 3.6%
Top sectors
- Finance & Investments — 56.3%
- Banking & Financial — 20.2%
- Miscellaneous — 16.0%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −9.4% | — | — |
| 2025 | 26.8% | — | — |
| 2024 | 12.9% | — | — |