Kotak Nifty PSU Bank ETF
KOTAKPSUBK.BO
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- Kotak Nifty PSU Bank ETF (ticker: KOTAKPSUBK.BO) is an exchange-traded fund managed by Kotak Mahindra Asset Management Company Limited that seeks to replicate the total returns of the Nifty PSU Bank Index before expenses, subject to tracking errors. Launched on November 8, 2007, and listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), the ETF invests predominantly in the constituent stocks of the underlying index—primarily public sector undertaking (PSU) banks such as State Bank of India, Bank of Baroda, Canara Bank, Punjab National Bank, and Indian Bank—in the same weightage; units are traded like equity shares on stock exchanges through brokers, with a minimum investment of one unit via exchange or 10,000 units directly through the asset management company. The fund targets long-term capital growth for investors eligible to trade equities, focusing on the Indian public sector banking sector with an expense ratio of 0.49%, assets under management of approximately INR 2,190 crore as of December 2025, and current NAV around INR 830; it offers no entry load and an exit load based on prevailing rates at allotment. Kotak Mahindra Asset Management Company Limited, established in 1994 and headquartered in Mumbai, India, at 27 BKC, C-27, G-Block, Bandra Kurla Complex, serves as the sponsor and investment manager, operating as a subsidiary within the Kotak Mahindra Group founded in 1985 by Uday Kotak. The ETF's portfolio remains fully allocated to the banking sector (100% as of November 30, 2025), with net current assets at -0.02%, managed by Devender Singhal and Satish Dondapati since May 9, 2019; it caters to retail and institutional investors seeking diversified exposure to PSU banks across India. In recent developments, the ETF has benefited from heightened mutual fund interest in PSU banks, with industry-wide exposure reaching a 17-month high in September 2025 amid strong sector performance. Kotak Mahindra Asset Management announced fund manager changes for select schemes effective January 22, 2024, to optimize strategies, while the broader Kotak group pursued expansions including the 2023 acquisition of Sonata Finance and ongoing enhancements in digital platforms like Kotak Cherry. No specific acquisitions, partnerships, or new launches were reported for the ETF itself in the last 1-2 years, with operations remaining stable and focused on index tracking.