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Mutual Funds
Index Funds/ETFs
Kotak Mahindra Mutual Fund
Kotak Nifty Financial Services Ex-Bank Index Fund - Direct Plan - IDCW

Kotak Nifty Financial Services Ex-Bank Index Fund - Direct Plan - IDCW

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Index Funds/ETFs

Fund House : Kotak Mahindra Mutual Fund

Scheme Objective

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.

Scheme Details

Fund manager(s) – Abhishek Bisen , Satish Dondapati , Devender Singhal
Launch date – 14-Aug-2023
Expense ratio – 0.22% as declared on 30-Sep-2025 (category average is 0.28%)
Benchmark - Nifty Financial Services Ex-Bank TRI

Min SIP amount - ₹
Min investment amount (one time- first time) - ₹
Min investment amount (addtional purchase) - ₹
Type : Open Ended Fund. You can invest any time in this fund.

Exit Load

Data not available.

Asset Monitor

Total AUM for this Scheme (Cr)

Category Total AUM (Cr)

% of Assets in Category

67.21

0.00

0.00%

Sep - 2025	67.21	0.00	0.00%
Aug - 2025	68.17	0.00	0.00%
Jul - 2025	69.60	0.00	0.00%
Jun - 2025	69.40	0.00	0.00%
May - 2025	55.39	0.00	0.00%
Apr - 2025	49.37	0.00	0.00%
Mar - 2025	43.56	0.00	0.00%
Feb - 2025	37.68	0.00	0.00%
Jan - 2025	38.89	0.00	0.00%

38.87

0.00

0.00%

Dec - 2024	38.87	0.00	0.00%
Nov - 2024	38.97	0.00	0.00%
Oct - 2024	38.31	0.00	0.00%
Sep - 2024	33.00	0.00	0.00%
Aug - 2024	24.46	0.00	0.00%
Jul - 2024	21.80	0.00	0.00%
Jun - 2024	20.79	0.00	0.00%
May - 2024	18.92	230365.74	0.01%
Apr - 2024	18.16	223378.45	0.01%
Mar - 2024	15.94	214133.26	0.01%
Feb - 2024	14.98	209429.54	0.01%
Jan - 2024	13.90	204022.40	0.01%

13.21

199111.47

0.01%

Dec - 2023	13.21	199111.47	0.01%
Nov - 2023	12.45	190820.81	0.01%
Oct - 2023	10.42	183612.20	0.01%
Sep - 2023	15.25	183378.06	0.01%
Aug - 2023	7.92	180360.18	0.00%
Jul - 2023	0.00	178870.39	0.00%

Tax Rate

Please check with your Tax Advisor.

Contact Details

Kotak Mahindra Asset Management Co. Ltd.

27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra (E) Mumbai 400051
Tel no.: 022-61152100
Fax no.: 022-67082213
Website.: www.kotakmf.com

Forum

NITINPIMPALE
MF Investment Help
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30 days ago

purchase unit will adjust difference in NAV 10.263 View more

Posted by : NITINPIMPALE
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  purchase unit will adjust difference in NAV 10.263
  
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krishna_ksvs
MF Investment Help
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42 days ago

View more

Posted by : krishna_ksvs
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The Fixed Income
Bonds
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1 days ago

Grow Your Money Safely and Steadily with a Trusted NBFC Bond 10% MUTHOOTTU MINI FINANCIERS LIMITED 25/Apr/2027 ✔️ Coupon: 10% ✔️ Rating: CARE A- Stable ✔️ Tenor: 1y 5m (Maturity: 25/Apr/2027) NBFC Bond | High Return Bond | Listed Earn attractive fixed returns while keeping your investment secure with a reputed NBFC offering consistent performance and reliability. ???? Explore on The Fixed Income: https://www.thefixedincome.com/product/dUJTdVlnPT0=/10-muthoottu-mini-financiers-limited-25apr2027?utm_source=Moneycontrol&utm_medium=Forum&utm_campaign=Product_list View more

Posted by : The Fixed Income
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  Grow Your Money Safely and Steadily with a Trusted NBFC Bond 10% MUTHOOTTU MINI FINANCIERS LIMITED 25/Apr/2027 ✔️ Coupon: 10% ✔️ Rating: CARE A- Stable ✔️ Tenor: 1y 5m (Maturity: 25/Apr/2027) NBFC Bond | High Return Bond | Listed Earn attractive fixed returns while keeping your investment secure with a reputed NBFC offering consistent performance and reliability. ???? Explore on The Fixed Income: https://www.thefixedincome.com/product/dUJTdVlnPT0=/10-muthoottu-mini-financiers-limited-25apr2027?utm_source=Moneycontrol&utm_medium=Forum&utm_campaign=Product_list
  
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shravanashok
MF Investment Help
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92 days ago

need your suggestion for sbi psu fund direct growth stay or switch View more

Posted by : shravanashok
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  need your suggestion for sbi psu fund direct growth stay or switch
  
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ravisistla
MF Investment Help
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105 days ago

Dividend last declared by SBI Long Term Equity Fund - regular Plan -IDCW was in the year 2022. Is there any specific reason given by fund managers for non declaration of dividend. Please let me know. View more

Posted by : ravisistla
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  Dividend last declared by SBI Long Term Equity Fund - regular Plan -IDCW was in the year 2022. Is there any specific reason given by fund managers for non declaration of dividend. Please let me know.
  
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sunny85deol
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143 days ago

Hello sir, I have been invested in these funds since 2017. Last SIP was in 2021. As their NAV have grown so I was thinking of switching to other funds with lower NAV. View more

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  Hello sir, I have been invested in these funds since 2017. Last SIP was in 2021. As their NAV have grown so I was thinking of switching to other funds with lower NAV.
  
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