Fundalysisby DARKHORSESTOCKS

Scheme

Kotak Nifty Bank ETF

Holds 14 companies worth ₹4,124 Cr in Sept 2026.

  • Fund house

    KotakThe fund house that runs this scheme.

  • AUM

    ₹4,263 CrKotak Nifty Bank ETF's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 4.5% on Aug 2026, ₹4,466 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 18.6% of this scheme's NAV.

  • Fund manager

    Satish DondapatiRuns it since 9 May 2019, as the fund house dates it. With Jeetu Valechha Sonar (fund manager).

Overview(9 Oct 2026)

Fund managers2

  1. Satish DondapatiFund manager · May 2019 · 22y · MBA
  2. Jeetu Valechha SonarFund manager · Mar 2026 · 11y
  1. Devender SinghalMay 2019 – Feb 2026

Key facts

Benchmark
Nifty Bank Index TRI
Risk
Very High
Expense
Regular 0.17% · Direct 0%
Exit load
Nil
Started
4 Dec 2014
Minimum
Ongoing purchases directly from the Mutual Fund would be restricted to Market Makers and Large Investors provided the value of units to be purchased is in creation unit size or multiples thereof. The aforesaid limit of Rs.25 crores is not applicable for Market Makers. Market Makers / Large Investors may exchange Portfolio Deposit / cash equivalent to the portfolio deposit and applicable cash component and transaction handling charges for Purchase of Units of the Scheme in ‘Creation Unit’ size or in multiples thereof directly from the Mutual Fund, as defined by the Scheme for that respective Business Day. Units may be allotted only on realization of the full consideration for creation unit and at the value at which the underlying stocks for the creation unit is purchased against that purchase request. Transaction charges payable by the investor is per creation request and will be as determined by the AMC at the time of transaction for transactions by Market Makers / large investors directly with the AMCs intra-day NAV, based on the executed price at which the securities representing the underlying index are purchased, shall be applicable along with applicable cash component and transaction charges. The above creation unit is for 7,500 units of Kotak Nifty Bank ETF which is minimum lots size for creation The units are listed on NSE to provide liquidity through secondary market. It may also list on any other exchanges subsequently. All categories of Investors may purchase the units through secondary market on any trading day. · The AMC shall appoint at least two Market Makers, who are members of the Stock Exchanges, for ETFs to provide continuous liquidity on the stock exchange platform by providing two-way quotes in the units of the Scheme during trading hours

Source.Its Scheme Summary Document as of 9 Oct 2026 at AMFI.

What changed(4 changes)

Jul 2026

1 change
  1. Expense ratio
    30 JulRegular 0.15% → 0.17%

Feb 2026

2 changes
  1. Jeetu Valechha Sonar joined
    27 Febas fund manager
  2. Devender Singhal left
    27 Febran it as fund manager from May 2019

Dec 2025

1 change
  1. Benchmark
    30 DecNifty Bank TRI → Nifty Bank Index TRI

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(May 2019 – now)

  1. Satish Dondapati
  2. Jeetu Valechha Sonar
  3. Devender Singhal
MainCoSlice2020202120222023202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Aug 2024 – Oct 2026)

Every change to the expense ratio, newest first.
2 changesRegularDirectΔ pt
30 Jul 20260.17%0.00%0
31 Aug 20240.15%0.00%–
Direct plan, 30 Jul 2026
0.00%
Regular plan 0.17% · Exit load nil
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(9 Oct 2026)

Objective

The investment objective of the scheme is to provide returns before expenses that closely correspond to the total returns of stocks as represented by the Nifty Bank Index subject to tracking errors. There is no assurance or guarantee that the investment objective of the scheme will be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open ended scheme replicating/ tracking Nifty Bank index(BSE Scrip Code-590136 and NSE Symbol-BANKNIFTY1 )
Benchmark
Nifty Bank Index TRI

Asset allocation it may hold% of NAV

  1. Stocks comprising Nifty Bank Index
    Allowed95–100%Holds100.0%
  2. Medium to High (Risk Profile) Cash and debt/money market instruments
    Allowed0–5%Holds0.0%

Holds in Sept 2026.100.0% equity

How to invest(9 Oct 2026)

Buying

To start
Ongoing purchases directly from the Mutual Fund would be restricted to Market Makers and Large Investors provided the value of units to be purchased is in creation unit size or multiples thereof. The aforesaid limit of Rs.25 crores is not applicable for Market Makers. Market Makers / Large Investors may exchange Portfolio Deposit / cash equivalent to the portfolio deposit and applicable cash component and transaction handling charges for Purchase of Units of the Scheme in ‘Creation Unit’ size or in multiples thereof directly from the Mutual Fund, as defined by the Scheme for that respective Business Day. Units may be allotted only on realization of the full consideration for creation unit and at the value at which the underlying stocks for the creation unit is purchased against that purchase request. Transaction charges payable by the investor is per creation request and will be as determined by the AMC at the time of transaction for transactions by Market Makers / large investors directly with the AMCs intra-day NAV, based on the executed price at which the securities representing the underlying index are purchased, shall be applicable along with applicable cash component and transaction charges. The above creation unit is for 7,500 units of Kotak Nifty Bank ETF which is minimum lots size for creation The units are listed on NSE to provide liquidity through secondary market. It may also list on any other exchanges subsequently. All categories of Investors may purchase the units through secondary market on any trading day. · The AMC shall appoint at least two Market Makers, who are members of the Stock Exchanges, for ETFs to provide continuous liquidity on the stock exchange platform by providing two-way quotes in the units of the Scheme during trading hours

Selling and switching

To redeem
1.All investors including Market Makers, Large Investors and other investors may sell their units in the stock exchange(s) on which these units are listed on all trading days of the stock exchange. 2. Mutual Fund will repurchase units from Market Makers on any business day in creation size units. In certain circumstances, the AMC may allow Large investors to sell units in creation unit size directly to the AMC at applicable NAV and other transaction handling charges. 3. In case a Redemption / Switch-out request received is for both, a specified rupee amount and a specified number of Units of the respective Plan(s)/ Option(s), the specified amount will be considered the definitive request. In case the value / number of available units held in the Unit holder’s folio / account under the Plan / Option of the Scheme is less than the amount / number of units specified in the redemption / switch-out request, then the available units/ amount available in the respective Scheme(s)/ Plan(s)/ Option(s) transaction shall be processed.

Scheme details(9 Oct 2026)

What it is

Category
Index Funds/ ETFs
Offer
24 Nov 2014 to 3 Dec 2014
Started
4 Dec 2014
Reopened
24 Nov 2014
Plans
The Scheme does not offer any Plans/Options for investment.
Face value
₹1
Listed
Deutsche Bank A G, Mumbai and Standard Chartered Bank, Mumbai

How it is run

Swing pricing
No
Side-pocketing
Enabled, No segregated portfolio created
Custodian
Deutsche Bank A G, Mumbai & Standard Chartered Bank
Auditor
S. R. Batliboi & Co. LLP
Registrar
Computer Age Management Services (‘CAMS’)
SEBI code
KOTM/O/O/EET/14/10/0032