Kotak Nifty PSU Bank ETF
KOTAKPSUBK.NS
National Stock Exchange of India- -
INR
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Financial - Diversified
- Address
- 27 BKC Mumbai India 400 051
- IPO Date
- Jan 1, 2009
- Website
- assetmanagement.kotak.com
- Similar Companies
- Business
- Kotak Nifty PSU Bank ETF (KOTAKPSUBK.NS) is an exchange-traded fund that seeks to replicate the composition of the Nifty PSU Bank Index, providing investors with exposure to public sector banks in India; units are listed and traded on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) like equity shares, with investments made predominantly in the constituent stocks of the index in the same proportion, subject to tracking error; the fund targets long-term capital growth through passive management with a low expense ratio of 0.49% and holds approximately 12 securities, including top holdings such as State Bank of India (around 32%), Bank of Baroda (around 15%), and Punjab National Bank. Managed by Kotak Mahindra Asset Management Company Limited, a wholly-owned subsidiary of Kotak Mahindra Bank Limited, the ETF operates within the passive funds segment focusing on the financial services sector; it caters to retail and institutional investors eligible for equity investments, with assets under management reaching approximately ₹2,190 crore as of late 2025; the fund was launched on November 8, 2007, and is benchmarked against the Nifty PSU Bank Total Return Index (Tier 1) and Nifty 50 TRI (additional). Kotak Mahindra Asset Management Company Limited, headquartered in Mumbai, India, and established in 1994 as part of the Kotak Mahindra Group founded in 1985, provides a range of mutual fund schemes including equity, debt, hybrid, and ETFs across India; the group maintains a robust distribution network with over 99,000 empanelled distributors and operates internationally through offices in locations such as Dubai, London, and Singapore. In recent developments, the ETF has delivered strong performance amid a rally in PSU banks, with the Nifty PSU Bank Index rising over 26% in 2025 year-to-date, reflecting robust sector growth; meanwhile, Kotak Mahindra AMC achieved the first close of its maiden performing credit fund, Kotak Credit Opportunities Fund, at ₹1,200 crore in May 2025, with a target corpus of ₹2,000 crore, marking entry into the alternative investment fund space focused on private credit for unlisted companies; additionally, the firm plans further expansion in AIFs, real estate, and global assets under management targeting $10 billion internationally.