Scheme

Kotak Nifty Financial Services Ex Bank Index Fund

Holds 30 companies worth ₹91.2 Cr in Sept 2026.

Fund house
KotakThe fund house that runs this scheme.
AUM
₹96.5 CrKotak Nifty Financial Services Ex Bank Index Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 2.7% on Aug 2026, ₹99.2 Cr.
Largest holding
Bajaj Finance LimitedBajaj Finance Limited is 15.8% of this scheme's NAV.
Fund manager
Abhishek BisenRuns it since 14 Aug 2023, as the fund house dates it. With Satish Dondapati (fund manager), Jeetu Valechha Sonar (fund manager).

Overview^{(9 Oct 2026)}

Fund managers3

Abhishek BisenFund manager, debt · Aug 2023 · 23y · MBA
Satish DondapatiFund manager, equity · Aug 2023 · 22y · MBA
Jeetu Valechha SonarFund manager, equity · Mar 2026 · 11y

Devender SinghalAug 2023 – Feb 2026

Key facts

Benchmark: Nifty Financial Services Ex-Bank Index (Total Return Index)
Risk: Very High
Expense: Regular 0.82% · Direct 0.32%
Exit load: Nil
Started: 14 Aug 2023
Minimum: ₹100

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

What changed^{(10 changes)}

Aug 2026

1 change

Expense ratio
30 AugRegular 0.81% → 0.83%Direct 0.3% → 0.32%

Jul 2026

1 change

Expense ratio
30 JulRegular 0.84% → 0.81%Direct 0.31% → 0.3%

Jun 2026

1 change

Expense ratio
29 JunRegular 0.73% → 0.84%Direct 0.21% → 0.31%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time^{(Aug 2023 – now)}

MainCoSlice202420252026

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.
9 changes	Regular	Direct	Δ pt
30 Aug 2026	0.83%	0.32%	0.02
30 Jul 2026	0.81%	0.30%	0.01
29 Jun 2026	0.84%	0.31%	0.10
30 May 2026	0.73%	0.21%	0.05
29 Apr 2026	0.79%	0.26%	0.06
30 Mar 2026	0.73%	0.20%	0.02
31 May 2025	0.73%	0.22%	0.01
30 Sept 2024	0.74%	0.23%	0
31 Aug 2024	0.73%	0.23%	–

Direct plan, 30 Aug 2026

0.32%

Regular plan 0.83% · 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 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. However, there is no assurance that the objective of the scheme will be realized.

Risk, type and benchmark

Riskometer: Very High
At launch: Very High
Type: An open ended scheme replicating/ tracking Nifty Financial Services Ex-Bank Index
Benchmark: Nifty Financial Services Ex-Bank Index (Total Return Index)

Asset allocation it may hold% of NAV

Equity and Equity related securities covered by the Nifty Financial Services Ex-Bank Index
Allowed95–100%Holds100.0%
Very High Debt and Money Market Instruments
Allowed0–5%Holds0.0%

Holds in Sept 2026.100.0% equity

How to invest^{(9 Oct 2026)}

Buying

To start: ₹100, then any amount thereafter Re. 100
To add: ₹100, then any amount thereafter Re. 100
Systematic: SIP - Daily, Weekly, Monthly, Quarterly, Half – Yearly and Annually SWP - Daily, Weekly, Monthly, Quarterly, Half – Yearly and Annually STP - Daily, Weekly, Monthly & Quarterly
Dates: SIP - Any date from 1st to 31st, SWP - Any Date, STP - Any Business Day
Minimum: SIP - Rs. 100/- and any amount thereafter,SWP - Rs. 1000 STP - Rs. 1000, then sIP - Rs. 100/- and any amount thereafter,SWP - N.A.STP - N.A.
Instalments: SIP - N.A. SWP - 6 installmentsSTP - 6 installments

Selling and switching

To redeem: ₹1,000 or 100 unit units

Scheme details^{(9 Oct 2026)}

What it is

Category: Other Schemes
Offer: 24 Jul 2023 to 7 Aug 2023
Started: 14 Aug 2023
Reopened: 23 Aug 2023
Plans: Growth · Payout of Income Distribution cum capital withdrawal (IDCW) · Reinvestment of Income Distribution cum capital withdrawal (IDCW)
Face value: ₹10
Listed: No

How it is run

Swing pricing: No
Side-pocketing: Enabled, No Segregrated 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/EIN/23/02/0108