Kotak Nifty PSU Bank ETF (G)

Kotak Nifty PSU Bank ETF (G) is an Exchange Traded Fund which is benchmarked to Nifty PSU Bank TR INR. Kotak Nifty PSU Bank ETF (G) is managed by the Kotak Mahindra Asset Management Co Ltd with the fund managers being Devender Singhal, Satish Dondapati. The Kotak Nifty PSU Bank ETF (G) was launched on Nov 09, 2007 with no lock-in period. Since its inception, the fund has delivered 6.1% as a return on investment. The fund has delivered a 1-year return of 82.8%, a 3-year return of 55.5%, and a 5-year return of 20%.

As on 30 Apr, 2024 the NAV of the fund is Rs 755.30 and the AUM is Rs 1427.63 crores. The fund charges an expense ratio of 0.49% on an annual basis. You can start a SIP with an investment of a minimum of Rs 100. You can make a lumpsum investment of minimum of Rs 5000.

Since the scheme is benchmarked to Nifty PSU Bank TR INR, the fund is subject to very high risk and it may witness volatility in the short term. Hence, an exchange-traded fund is more suitable for an investment horizon of more than 5 years. The Kotak Nifty PSU Bank ETF (G) has an asset allocation of 0% in equity and equity equivalents and 0% in debt securities.

Scripbox provides a unique feature through which you can compare the performance of Kotak Nifty PSU Bank ETF (G) with another fund in a similar category. This way you can make a well-informed investment decision.