Kotak Nifty PSU Bank ETF

Kotak Nifty PSU Bank ETF is a scheme launched by Kotak Mutual Fund on November 08, 2007, and falls under the PSU Themes fund category. It currently manages an AUM of Rs 1,393.79 crore. The fund permits investments with a minimum SIP of Rs 1000 and a lump sum of Rs 10000. It charges an expense ratio of 0.49% for managing the portfolio.

• Investing Strategy:

  To provide returns that closely correspond to the total returns of CNX PSU Bank Index, subject to tracking errors

• Performance:

  Kotak Nifty PSU Bank ETF trailing returns over different times are 17.72% (1 year), 26.57% (3 year) and 37.97% (5 year). The average annual return of this fund stands at 6.53%.