Kotak Nifty Bank ETF
KOTAKBKETF.NS
National Stock Exchange of India- -
INR
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- India
- IPO Date
- Dec 4, 2014
- Similar Companies
- Business
- Kotak Nifty Bank ETF (KOTAKBKETF.NS) is an open-ended exchange-traded fund managed by Kotak Mahindra Mutual Fund that seeks to track the Nifty Bank Total Return Index (TRI) by investing predominantly in the constituent stocks of the index, including leading private and public sector banks such as HDFC Bank Ltd., ICICI Bank Ltd., State Bank of India, Axis Bank Ltd., and Kotak Mahindra Bank Ltd., in the same proportion as the underlying index, subject to tracking error. Launched on December 4, 2014, and headquartered in Mumbai, India, at the Kotak Mahindra Asset Management Company office in Bandra Kurla Complex, the ETF trades on the National Stock Exchange (NSE) like equity shares, providing investors with diversified exposure to the Indian banking sector through a single instrument with a low expense ratio of 0.15%. Units are bought and sold via stockbrokers requiring a demat and trading account, targeting long-term capital growth for investors eligible to trade equities, with no entry or exit loads. The ETF's portfolio is fully allocated to the banking sector (approximately 100%), mirroring the Nifty Bank Index's composition of 12 stocks as of late 2025, with top holdings including HDFC Bank at around 27.65%, ICICI Bank at 23%, and State Bank of India at 9.43%, alongside others like Axis Bank, Kotak Mahindra Bank, Federal Bank, and AU Small Finance Bank. It operates exclusively in India, serving retail and institutional investors seeking passive exposure to banking sector performance without active management, and is benchmarked against Nifty Bank TRI with an additional benchmark of Nifty 50 TRI. Fund managers Devender Singhal and Satish Dondapati have overseen the scheme since May 2019. Assets under management (AUM) have shown robust growth, expanding from ₹4,929.40 crore as of October 2025 to over ₹6,531 crore by December 2025, reflecting strong inflows amid banking sector resilience and market performance. Recent updates include revisions to investment factsheets and fund flashes for the month ended October 31, 2025, alongside portfolio rebalancing with notable absolute value increases in key holdings such as HDFC Bank (up ₹352 crore), ICICI Bank (up ₹307 crore), and AU Small Finance Bank (up ₹51 crore) from the prior month. Kotak Mahindra Mutual Fund, the issuer and part of the Kotak Mahindra Group, continues to expand its passive offerings, as evidenced by the launch of the Nifty Next 50 ETF new fund offer (NFO) opening December 18, 2025.