Kotak Nifty Bank ETF

Kotak Nifty Bank ETF is a scheme launched by Kotak Mutual Fund on December 04, 2014, and falls under the ETFs fund category. It currently manages an AUM of Rs 4,938.95 crore. The fund permits investments with a minimum SIP of Rs 1000 and a lump sum of Rs 5000. It charges an expense ratio of 0.15% for managing the portfolio.

• Investing Strategy:

  To provide returns before expenses that closely correspond to the total returns of stocks as represented by the CNX Bank Index subject to tracking errors.

• Performance:

  Kotak Nifty Bank ETF trailing returns over different times are 6.98% (1 year), 11.48% (3 year) and 20.57% (5 year). The average annual return of this fund stands at 11.1%.