Kotak Nifty Financial Services Ex-Bank Index Fund
Kotak Mahindra Mutual Fund · Index Fund · Regular plan, growth option
NAV (₹), 2 Oct 2026
14.9110
1-day change
-1.39%
1Y return
-2.5%
3Y CAGR
11.6%
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 21 Aug 2023 to 1 Oct 2026
Returns vs Index Fund median (276 schemes) and “Sector: Banking & financial services” median (23)
| Period | Scheme | Category median | Sector: Banking & financial services median |
|---|---|---|---|
| 1 month | -9.0% | -6.5% | -5.2% |
| 3 months | -9.5% | -5.3% | -6.2% |
| 6 months | 5.0% | 5.2% | 6.0% |
| Year to date | -9.4% | -7.2% | -8.7% |
| 1 year | -2.5% | -3.6% | -1.9% |
| 3 years (CAGR) | 11.6% | 9.0% | 8.2% |
| 5 years (CAGR) | n/a | 6.8% | 7.7% |
| 7 years (CAGR) | n/a | 10.9% | 9.1% |
| 10 years (CAGR) | n/a | 10.5% | n/a |
| Since first NAV (CAGR) | 13.7% | – | – |
“Sector: Banking & financial services” is MFIC's grouping of Index Fund schemes by the theme or index in their names, not an AMFI category.
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 16.7% | 6.8% |
| 3Y rolling median | 15.3% | 16.2% |
| 3Y rolling worst | 11.6% | 8.4% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | n/a | 12.9% |
| 5Y rolling worst | n/a | 5.9% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: none available in MFIC's free data for this category.
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 18.7% | 17.6% |
| Sharpe ratio | 0.32 | 0.22 |
| Sortino ratio | 0.47 | 0.31 |
| Beta | n/a | n/a |
| Alpha (ann.) | n/a | n/a |
| Upside capture | n/a | n/a |
| Downside capture | n/a | n/a |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −17.2% | −19.1% |
| Maximum drawdown, last 10Y | n/a | −38.1% |
| Maximum drawdown, last 5Y | n/a | −17.9% |
| Current drawdown | −12.5% | −11.5% |
| Recovery time of worst fall | 122 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Satish DondapatiFM 2 | n/a | |
| Abhishek Bisen | n/a | |
| Jeetu Valechha Sonar | n/a |
Objective: The investment objective of the scheme is to replicate the composition of the Nifty Financial Services Ex-Bank Index and to generate returns that are commensurate with the performance of the Nifty Financial Services Ex-Bank Index, subject to tracking errors. However, there is no assurance that the objective of the scheme will be realized.
Stated asset allocation: Investments Indicative Allocation Equity and Equity related securities covered by the Nifty Financial Services Ex-Bank Index- 95%-100%-Very High Debt and Money Market Instruments -0%-5%-Low to Moderate
Benchmark (tier 1): Nifty Financial Services Ex-Bank Index (Total Return Index)
Minimum application: Rs. 100/-
Allotment date: 14 Aug 2023
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Regular plan | 0.83% | 1.10% |
| AUM, whole scheme (₹ crore) | 97 | 159 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | -0.2% | 1.0% TRI |
| Return, 3 years (AMFI) | 12.1% | 13.7% TRI |
Official benchmark: Nifty Financial Services Ex-Bank TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Index Fund Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | -9.4% | n/a | – |
| 2025 | 26.8% | n/a | – |
| 2024 | 12.9% | n/a | – |
No free benchmark proxy for this category. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 2 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,12,270 | -11.7% |
| 3 years | ₹3,60,000 | ₹3,90,779 | 5.4% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
Category: Index Fund
Plan / option: Regular · Growth
AMFI scheme code: 151909
ISIN: INF174KA1OO4
First NAV in MFIC data: 21 Aug 2023
History: 3.1 years
Expense ratio, AUM, portfolio: see the scheme's factsheet
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Motilal Oswal BSE Financials ex Bank 30 Index Fund | Index Fund | 0.98 | 9.5% |
| Motilal Oswal BSE Financials ex Bank 30 Index Fund | Index Fund | 0.98 | 10.2% |
| Axis Nifty 500 Index Fund | Index Fund | 0.95 | n/a |
| BANDHAN NIFTY TOTAL MARKET INDEX FUND | Index Fund | 0.94 | n/a |
| SBI Nifty50 Equal Weight Index Fund | Index Fund | 0.94 | n/a |
| Baroda BNP Paribas Nifty 50 Index Fund | Index Fund | 0.93 | n/a |
Questions about Kotak Nifty Financial Services Ex-Bank Index Fund
- What is the latest NAV of Kotak Nifty Financial Services Ex-Bank Index Fund?
- The NAV of the Regular plan (growth option) was ₹14.9110 on 2 Oct 2026, as published by AMFI.
- Which category is Kotak Nifty Financial Services Ex-Bank Index Fund in?
- It is classified as Index Fund in AMFI's daily NAV file; a Index Fund scheme passively tracks a stated index. MFIC compares it with 276 Index Fund schemes (Regular plans).
- What returns has Kotak Nifty Financial Services Ex-Bank Index Fund delivered?
- Over one year the NAV changed by -2.5%. The 3-year CAGR is 11.6% (category median 9.0%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 15.3%, the lowest was 11.6%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in Kotak Nifty Financial Services Ex-Bank Index Fund's NAV?
- The largest peak-to-trough fall in its available history was 17.2%.
- How volatile is Kotak Nifty Financial Services Ex-Bank Index Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 18.7%, which is above the Index Fund category median of 17.6%.
- What would a monthly SIP in Kotak Nifty Financial Services Ex-Bank Index Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 3 years (36 instalments, ₹3,60,000 invested) would have been worth about ₹3,90,779 on 2 Oct 2026, an annualised return (XIRR) of 5.4%. This uses the Regular plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of Kotak Nifty Financial Services Ex-Bank Index Fund?
- The total expense ratio of the Regular plan is 0.83% a year, as disclosed to AMFI (median of Index Fund Regular plans: 1.10%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Kotak Nifty Financial Services Ex-Bank Index Fund?
- Assets under management of the whole scheme were ₹97 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Kotak Nifty Financial Services Ex-Bank Index Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of Kotak Nifty Financial Services Ex-Bank Index Fund and how has it compared?
- Its official benchmark is the Nifty Financial Services Ex-Bank TRI. Over 3 years AMFI reports a return of 12.1% for this plan against 13.7% for the benchmark total return index. Past performance does not indicate future results.
- Who manages Kotak Nifty Financial Services Ex-Bank Index Fund?
- According to its Scheme Summary Document, Kotak Nifty Financial Services Ex-Bank Index Fund is managed by Satish DondapatiFM 2, Abhishek Bisen, Jeetu Valechha Sonar.
- What is the minimum investment in Kotak Nifty Financial Services Ex-Bank Index Fund?
- The minimum application amount is Rs. 100/-. SIP details: SIP - Rs. 100/- and any amount thereafter,SWP - Rs. 1000 STP - Rs. 1000.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by -2.0% and the Regular plan's by -2.5%. The Regular plan includes the services of a distributor.
Reviewing your own mutual fund portfolio?
Integrato's team can walk you through how your current schemes have behaved, using the same data shown here. Integrato is an AMFI-registered Mutual Fund Distributor.
Follow Kotak Nifty Financial Services Ex-Bank Index Fund by email
Every Monday: this scheme's NAV, 1-month and 1-year return beside its category median, 3-year CAGR and how far it is below its peak. Add more schemes from their pages or from your MFIC watchlist. Free; unsubscribe from any email.
Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 2 Oct 2026. Category medians use Regular plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.