Performance
Scorecard
★☆☆☆☆1/5 vs 28 of 73 Equity ETF peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Equity ETF (same plan and option). 28 of the 73 Equity ETF funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +15.67% · ranks 10 of 35 Equity ETF funds
Volatility 25.8% vs 16.7% category avg
0.5% expense vs 0.7% category avg
58% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- 1-year return (+5.87%) beats the Equity ETF average (-0.75%)
- 3-year return (+15.67%) beats the Equity ETF average (+11.48%)
- 5-year return (+26.41%) beats the Equity ETF average (+8.82%)
- Ranks #8 of 49 on 1-year return in its Equity ETF cohort
- Stronger risk-adjusted returns — Sharpe 0.35 vs 0.26 Equity ETF average
Concerns
- Trails the Equity ETF average on 1M/3M/6M
- More volatile than its Equity ETF peers (25.8% vs 16.7%)
- Positive in only 58% of rolling 3-year windows
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Equity ETF)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -5.91% | -5.21% | -0.70% |
| 3M abs | -4.78% | -3.86% | -0.92% |
| 6M abs | -1.09% | +6.10% | -7.19% |
| 1Y CAGR | +5.87% | -0.75% | +6.62% |
| 3Y CAGR | +15.67% | +11.48% | +4.19% |
| 5Y CAGR | +26.41% | +8.82% | +17.59% |
Category average across peers in Equity ETF (72 of 73 carry a figure for at least one period), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 73 peers in Equity ETF
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into Kotak Nifty PSU Bank ETF, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | Nifty Bank TRI | Diff | |
|---|---|---|---|---|
| 2026part | -5.77% | -7.52% | +1.75% | |
| 2025 | +30.55% | +18.31% | +12.24% | |
| 2024 | +14.75% | +6.24% | +8.51% | |
| 2023 | +32.52% | +13.20% | +19.32% | |
| 2022 | +73.49% | +21.83% | +51.66% | |
| 2021 | +43.44% | +13.86% | +29.58% | |
| 2020 | -30.94% | -2.33% | -28.61% | |
| 2019 | -19.10% | +18.87% | -37.97% | |
| 2018 | -16.88% | +6.83% | -23.71% | |
| 2017 | +21.68% | +41.12% | -19.44% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.
Taxation
Taxed as debtThis is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.
Your income-tax slab — no LTCG or indexation benefit
Pick your slab to see the rate that applies to you.
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity99.98%
- Cash & Equivalents0.02%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹2,381Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
Kotak Mahindra Mutual Fund is run by Kotak Mahindra Asset Management, part of the Kotak Mahindra Bank group, and has been in the business since 1998. It was the first Indian fund house to launch a dedicated gilt scheme, and today runs one of the country's larger equity and debt line-ups.
Fund Managers
SDSatish DondapatiManaging since 01 May 2009
Fund Manager and Dealer
MBA (Finance)
Mr. Satish Dondapati has over 16 years of experience in ETF’s. He joined Kotak AMC in March 2008 in Product’s Department. Prior to joining Kotak AMC, he was in the MF Product Team of Centurion Bank Of Punjab
- Kotak BSE Housing Index Fund
- kotak BSE PSU Index Fund
- Kotak BSE Sensex ETF
- Kotak BSE Sensex Index Fund
- Kotak MSCI India ETF
- Kotak Nifty 100 Equal Weight ETF
- Kotak Nifty 100 Equal Weight Index Fund
- Kotak Nifty 100 Low Volatility 30 ETF
- Kotak NIFTY 100 Low Volatility 30 Index Fund
- Kotak Nifty 200 Momentum 30 Index Fund
- KOTAK NIFTY 200 QUALITY 30 INDEX FUND
- Kotak Nifty 50 Equal Weight Index Fund
- Kotak Nifty 50 ETF
- Kotak Nifty 50 Index Fund
- Kotak Nifty 50 Value 20 ETF - Payout of Income Distribution cum capital withdrawal option
- Kotak Nifty Alpha 50 ETF
- Kotak Nifty Alpha 50 Index Fund
- Kotak Nifty Alpha Low-Volatility 30 Index Fund
- Kotak Nifty Bank ETF
- Kotak Nifty Chemicals ETF
- Kotak Nifty Commodities Index Fund
- Kotak Nifty Financial Services Ex-Bank Index Fund
- Kotak Nifty India Consumption ETF
- Kotak Nifty India Tourism Index Fund
- Kotak Nifty IT ETF
- Kotak Nifty Midcap 150 ETF
- Kotak Nifty Midcap 150 Index Fund
- Kotak Nifty Midcap 150 Momentum 50 Index Fund
- Kotak Nifty Midcap 50 ETF
- Kotak Nifty Midcap 50 Index Fund
- Kotak Nifty MNC ETF
- Kotak Nifty Next 50 ETF
- Kotak Nifty Next 50 Index Fund
- Kotak Nifty Private Bank ETF
- Kotak Nifty SmallCap 250 Index Fund
- Kotak Nifty Smallcap 50 Index Fund
- Kotak Nifty Top 10 Equal Weight Index Fund
- Kotak Nifty200 Quality 30 ETF
- Kotak Nifty200 Value 30 Index Fund
- Kotak Nifty500 Momentum 50 Index Fund
- Kotak Nifty 1D Rate Liquid ETF
JSJeetu Valechha SonarManaging since 09 Mar 2026
Equity Fund Manager and Dealer
P.G.D.M in Finance Management
Mr. Jeetu Valechha Sonar has more than 14 years' experience in Commodity and Equity dealing and advisory. Prior to joining Kotak AMC Limited, he has worked as institutional dealer with Kotak Securities Lid. and is part of Kotak Asset Group since 2014.
- KOTAK GOLD ETF
- Kotak Gold Fund
- Kotak Nifty Chemicals ETF
- Kotak Nifty Private Bank ETF
- Kotak Nifty200 Value 30 Index Fund
- Kotak Nifty500 Momentum 50 Index Fund
- Kotak Silver ETF
- Kotak Silver ETF Fund of Fund
- Kotak BSE Housing Index Fund - Direct Plan - Growth Option
- kotak BSE PSU Index Fund - Direct Plan - Growth
- Kotak BSE Sensex ETF
- Kotak BSE Sensex Index Fund - Direct Plan - Growth
- Kotak MSCI India ETF
- Kotak Multi Asset Allocation Fund - Direct Plan - Growth Option
- Kotak Nifty 100 Equal Weight ETF
- Kotak Nifty 100 Equal Weight Index Fund - Direct Plan - Growth
- Kotak Nifty 100 Low Volatility 30 ETF
- Kotak NIFTY 100 Low Volatility 30 Index Fund - Direct Plan - Growth
- Kotak Nifty 200 Momentum 30 ETF
- Kotak Nifty 200 Momentum 30 Index Fund - Direct Plan - Growth
- KOTAK NIFTY 200 QUALITY 30 INDEX FUND - Direct Plan - GROWTH
- Kotak Nifty 50 Equal Weight Index Fund - Direct Plan - Growth
- Kotak Nifty 50 ETF
- Kotak Nifty 50 Index Fund - Direct Plan - Growth
- Kotak Nifty 50 Value 20 ETF - Payout of Income Distribution cum capital withdrawal option
- Kotak Nifty Alpha 50 ETF
- Kotak Nifty Alpha 50 Index Fund - Direct Plan - Growth
- Kotak Nifty Bank ETF
- Kotak Nifty Commodities Index Fund - Direct Plan - Growth
- Kotak Nifty Financial Services Ex-Bank Index Fund - Direct Plan - Growth
- Kotak Nifty India Consumption ETF
- Kotak Nifty India Tourism Index Fund - Direct Plan - Growth
- Kotak Nifty IT ETF
- Kotak Nifty Midcap 150 ETF
- Kotak Nifty Midcap 150 Index Fund - Direct Plan - GROWTH
- Kotak Nifty Midcap 150 Momentum 50 Index Fund - Direct Plan - Growth
- Kotak Nifty Midcap 50 ETF
- Kotak Nifty Midcap 50 Index Fund - Direct Plan - GROWTH
- Kotak Nifty MNC ETF
- Kotak Nifty SmallCap 250 Index Fund - Direct Plan - Growth
- Kotak Nifty Smallcap 50 Index Fund - Direct Plan - Growth
Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
Explore from here
Kotak Mahindra in the news
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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Equity ETFs
Equity ETFs track an equity index and trade on the exchange through the day, so you buy at a market price that can sit slightly above or below the fund's NAV. That is the trade-off against an index fund, which always transacts at NAV but only once a day.
Frequently asked questions
What is the NAV of Kotak Nifty PSU Bank ETF?
As of 05 Oct 2026, the NAV of Kotak Nifty PSU Bank ETF is ₹80.22 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Kotak Nifty PSU Bank ETF delivered?
Kotak Nifty PSU Bank ETF has returned +5.87% over 1 year, +15.67% per year over 3 years, +26.41% per year over 5 years and +5.35% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of Kotak Nifty PSU Bank ETF?
Kotak Nifty PSU Bank ETF charges an expense ratio of 0.50% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of Kotak Nifty PSU Bank ETF?
Kotak Nifty PSU Bank ETF's largest holdings are STATE BANK OF INDIA. (34.0%), BANK OF BARODA (12.1%), CANARA BANK (11.6%), PUNJAB NATIONAL BANK (10.7%) and UNION BANK OF INDIA (9.9%). Holdings are disclosed monthly and change over time.
How risky is Kotak Nifty PSU Bank ETF?
Kotak Nifty PSU Bank ETF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 25.8% and its worst peak-to-trough fall in our sample was -80.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of 0.35 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Nifty PSU Bank ETF's 0.35 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of Kotak Nifty PSU Bank ETF?
Kotak Nifty PSU Bank ETF is benchmarked against the Nifty PSU Bank TRI. Its alpha and beta on this page are measured against that index.
Who manages Kotak Nifty PSU Bank ETF?
Kotak Nifty PSU Bank ETF is managed by Satish Dondapati and Jeetu Valechha Sonar at Kotak Mahindra.
How is Kotak Nifty PSU Bank ETF taxed?
Kotak Nifty PSU Bank ETF is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.