Scheme

Kotak Nifty PSU Bank ETF

Holds 12 companies worth ₹2,490 Cr in Sept 2026.

Fund house
KotakThe fund house that runs this scheme.
AUM
₹2,599 CrKotak Nifty PSU Bank ETF's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 4.3% on Aug 2026, ₹2,715 Cr.
Largest holding
State Bank of IndiaState Bank of India is 33.3% 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^{(4 Sept 2026)}

Fund managers2

Satish DondapatiFund manager · May 2019 · 22y · MBA
Jeetu Valechha SonarFund manager · Mar 2026 · 11y

Devender SinghalMay 2019 – Feb 2026

Key facts

Benchmark: Nifty PSU Bank TRI
Risk: Very High
Expense: Regular 0.5% · Direct 0%
Exit load: Nil
Started: 8 Nov 2007
Minimum: Ongoing purchases directly from the Mutual Fund would be restricted to Authorized Participants provided the value of units to be purchased is in creation unit size. Authorised Participants may buy the units on any business day of the scheme directly from the Mutual Fund by paying applicable transaction handling charges and cash component in cash and by depositing basket of securities comprising Nifty PSU Bank Index. Units may be allotted only realization of cheque where the full consideration for creation unit is paid by cheque and at the value at which the underlying stocks for the creation unit is purchased against that purchase request. The units are listed on NSE to provide liquidity through secondary market. All categories of Investors may purchase the units through secondary market on any trading day.The AMC will appoint Authorised Participant(s) to provide liquidity in secondary market on an ongoing basis. The Authorised Participant(s) would offer daily two-way quote in the market.

Source.Its Scheme Summary Document as of 4 Sept 2026 at AMFI.

What changed^{(5 changes)}

Jun 2026

1 change

Expense ratio
29 JunRegular 0.5% → 0.49%

May 2026

1 change

Expense ratio
30 MayRegular 0.49% → 0.5%

Apr 2026

1 change

Expense ratio
29 Apr0.49% → Regular 0.49% · Direct 0%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time^{(May 2019 – now)}

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^{(Apr 2026 – Sept 2026)}

Every change to the expense ratio, newest first.
3 changes	Regular	Direct	Δ pt
29 Jun 2026	0.49%	0.00%	0
30 May 2026	0.50%	0.00%	0
29 Apr 2026	0.49%	0.00%	–

Direct plan, 29 Jun 2026

0.00%

Regular plan 0.49% · 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^{(4 Sept 2026)}

Objective

The investment objective of the scheme is to provide returns that closely correspond to the total returns of Nifty PSU Bank Index, subject to tracking errors. However, there is no assurance or guarantee that the investment objective ofthe scheme will be achieved.

Risk, type and benchmark

Riskometer: Very High
At launch: Very High
Type: An open ended scheme replicating/ tracking Nifty PSU Bank index(BSE Scrip Code-590107 and NSE Symbol-PSUBANK)
Benchmark: Nifty PSU Bank TRI

Asset allocation it may hold% of NAV

Stocks comprising Nifty PSU Bank Index
Allowed95–100%Holds100.0%
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^{(4 Sept 2026)}

Buying

To start: Ongoing purchases directly from the Mutual Fund would be restricted to Authorized Participants provided the value of units to be purchased is in creation unit size. Authorised Participants may buy the units on any business day of the scheme directly from the Mutual Fund by paying applicable transaction handling charges and cash component in cash and by depositing basket of securities comprising Nifty PSU Bank Index. Units may be allotted only realization of cheque where the full consideration for creation unit is paid by cheque and at the value at which the underlying stocks for the creation unit is purchased against that purchase request. The units are listed on NSE to provide liquidity through secondary market. All categories of Investors may purchase the units through secondary market on any trading day.The AMC will appoint Authorised Participant(s) to provide liquidity in secondary market on an ongoing basis. The Authorised Participant(s) would offer daily two-way quote in the market.

Selling and switching

To redeem: All investors including Authorised Participants, 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. Mutual Fund will repurchase units from Authorised participants 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. 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^{(4 Sept 2026)}

What it is

Category: Index Funds/ ETFs
Offer: 29 Oct 2007 to 2 Nov 2007
Started: 8 Nov 2007
Reopened: 2 Nov 2007
Plans: The Scheme does not offer any Plans/Options for investment.
Face value: ₹1
Listed: The units of the Scheme are listed on National Stock Exchange of India Ltd. (NSE)

How it is run

Swing pricing: No
Side-pocketing: Enabled, No segregated portfolio created
Custodian: Deutsche Bank A G, Mumbai and Standard Chartered Bank, Mumbai
Auditor: S. R. Batliboi & Co. LLP
Registrar: Computer Age Management Services (‘CAMS’)
SEBI code: KOTM/O/O/EET/07/10/0022