Kotak Nifty IT ETF
KOTAKIT.NS
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- Kotak Nifty IT ETF (KOTAKIT.NS) is an open-ended exchange-traded fund that replicates the composition of the NIFTY IT Index, providing investors with passive exposure to India's leading information technology companies through a diversified portfolio of IT software stocks; its top holdings include Infosys Ltd (approximately 29%), Tata Consultancy Services Ltd (22%), HCL Technologies Ltd (11%), Tech Mahindra Ltd (10%), Wipro Ltd (7%), and Coforge Ltd (6%), with nearly 99% allocation to the IT - Software sector and minimal net current assets. Launched on March 2, 2021, and managed by Devender Singhal and Satish Dondapati of Kotak Mahindra Asset Management Company Limited, a wholly owned subsidiary of Kotak Mahindra Bank headquartered in Mumbai, India, the ETF follows a passive investment strategy focused on minimizing tracking error via portfolio rebalancing in line with index weights and investor flows. It operates primarily on the National Stock Exchange of India, targeting long-term capital growth for investors with a recommended horizon of five years or more, with units tradable through exchanges (minimum 1 unit) or directly via the asset management company (minimum 100,000 units), no entry load, and an expense ratio of 0.09%. The ETF maintains a portfolio benchmarked against the NIFTY IT Total Return Index (TRI), with additional comparison to NIFTY 50 TRI, delivering since-inception annualized returns of approximately 11% as of late 2025, alongside assets under management of around ₹462 crore. In recent developments, the scheme underwent a name change from Kotak IT ETF to Kotak Nifty IT ETF effective July 1, 2022, as part of Kotak Mahindra Mutual Fund's broader standardization of ETF nomenclature to explicitly reference underlying indices; while no direct partnerships, acquisitions, or product launches pertain specifically to this ETF in the last 1-2 years, its issuer Kotak Mahindra AMC has expanded its passive offerings, including the launch of Kotak Nifty Next 50 ETF in December 2025 with NFO opening on December 18, 2025, underscoring ongoing strategic growth in index-tracking products managed by the same fund team.