The scheme seeks 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.
Exit Load--
Stamp duty on investment0.005% (from July 1st, 2020)
Tax implicationsIf you redeem within one year, your returns will be taxed at 20%. For redemptions after one year, returns exceeding ₹1.25 lakh in a financial year will be taxed at 12.5%.
Jeetu Valechha Sonar
Mr. Sonar is a Post Graduate Diploma in Management in Finance management
Prior to joining Kotak AMC Limited, he has worked as institutional dealer with Kotak Securities Ltd. and is part of Kotak Group since 2014.
Common questions about this fund, answered from scheme data
The latest Net Asset Value (NAV) of Kotak Nifty Financial Services Ex-Bank Index Fund is ₹16.72 as of 2026-08-28.
Kotak Nifty Financial Services Ex-Bank Index Fund is classified as a Sectoral-Banking & Financial Services fund.
The Assets Under Management (AUM) of Kotak Nifty Financial Services Ex-Bank Index Fund is ₹99.35 Cr.
The expense ratio of Kotak Nifty Financial Services Ex-Bank Index Fund is 0.8%.
Kotak Nifty Financial Services Ex-Bank Index Fund is managed by Jeetu Valechha Sonar.
The minimum SIP investment for Kotak Nifty Financial Services Ex-Bank Index Fund is ₹100.
As per the SEBI Riskometer, Kotak Nifty Financial Services Ex-Bank Index Fund carries a Very High risk level.
Kotak Nifty Financial Services Ex-Bank Index Fund has delivered 14.02% (1Y), 17.96% (3Y) and 0% (5Y) annualised returns as of 2026-08-28.
Kotak Nifty Financial Services Ex-Bank Index Fund was launched on 1994-08-05.
Open an account with Indiabulls Securities, complete your KYC, and invest via SIP or a one-time lumpsum through our platform.
A Systematic Investment Plan (SIP) lets you invest a fixed amount at regular intervals (e.g., monthly) instead of a single lumpsum.
There is no separate brokerage on mutual fund units. The AMC charges an expense ratio, which is already reflected in the NAV. An exit load may apply if you redeem before the specified period.
Mutual fund NAVs are declared once per business day after market close, in line with SEBI norms.
The FAQs above are generated from data provided by the AMC and are for educational purposes only. They do not constitute financial advice, buy/sell recommendations, or return guarantees. Mutual fund investments are subject to market risks — read all scheme-related documents carefully before investing. Past performance is not indicative of future returns.
