Kotak Nifty Financial Services Ex-Bank Index Fund-Reg (G)

Kotak Nifty Financial Services Ex-Bank Index Fund-Reg (G) is a scheme launched by Kotak Mutual Fund on August 14, 2023, and falls under the Index fund category. It currently manages an AUM of Rs 68.17 crore. The fund permits investments with a minimum SIP of Rs 100 and a lump sum of Rs 100. It charges an expense ratio of 0.74% for managing the portfolio.

• Investing Strategy:

  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.

• Performance:

  Kotak Nifty Financial Services Ex-Bank Index Fund-Reg (G) trailing returns over different times are 9.16% (1 year), 0% (3 year) and 0% (5 year). The average annual return of this fund stands at 18.48%.