Investment type
Kotak Nifty Financial Services Ex-Bank Index Fund-Dir (G) is a mutual fund under the Index Funds category, managed by Kotak Mahindra Mutual Fund. It was launched on 05 Aug 1994, and has been active for over 31 years. As of 31 Mar 2025 the fund manages assets worth ₹69 Crores. The expense ratio is 0.22%.
This fund generated returns of 12.76% in the last 1 year. Since its inception, it has provided an average annual return of 22.82%.
The fund's investments are mainly concentrated in sectors like Finance, Insurance, Capital Markets, Financial Technology (Fin and Cash & Others.
The top five holdings in this fund include prominent companies such as Bajaj Finance, BSE, Bajaj Finserv, Jio Financial and Shriram Finance.
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. The scheme does not assure or guarantee any returns
Index funds are generally low-risk as they spread investments across an entire market index, reducing the impact of individual stock volatility.
Yes, if you’re looking for a low-cost way to invest in the market and are comfortable with moderate returns that match market trends.
Ideally, you should stay invested for the long term, as index funds perform best over extended periods.
Yes, index funds are open-ended, so you can withdraw at any time, but it's best to hold them long-term.
Index funds usually have low expense ratios due to passive management, often ranging from 0.1% to 0.5%.
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