NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

Kotak Banking and PSU Debt Fund -IDCW Monthly for NRI [13.04]

Min Investment

₹100

Fund Size

₹5,018.88 Cr

Expense Ratio

0.8%

Exit Load

%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

₹13.04

0.00%

NAV as on 22 Jul 26, 12:00 AM

risk

banking & psu fund

debt

NAV as on 22 Jul 26, 12:00 AM

risk

banking & psu fund

debt

5.19%p.a.

Last 1Y

7.13%p.a.

Last 3Y

6.25%p.a.

Last 5Y

7.28%p.a.

Since Inception

About Kotak Banking and PSU Debt Fund -IDCW Monthly for NRIs

NRIs can achieve long-term capital appreciation by investing in the Kotak Banking and PSU Debt Fund -IDCW Monthly scheme from Kotak Mahindra Asset Management Company Limited. It is a Banking & PSU Fund mutual fund scheme that predominantly invests in Banking & PSU Fund stocks of companies. Launched on May 1999, Kotak Banking and PSU Debt Fund -IDCW Monthly is Banking & PSU Fund fund of its category with 5,018.88 Cr fund under management as on Jul 2026. The expense ratio of this fund is less than that of most other Fund category Banking & PSU Fund funds.

  • Kotak Banking and PSU Debt Fund -IDCW Monthly delivered 5.2% annual returns during the last year. It has delivered 7.3% average annual returns since the fund was launched.
  • Kotak Banking and PSU Debt Fund -IDCW Monthly scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in debt

Fund Objective

To Generate Income By Predominantly Investing In Debt & Money Market Securities Issued By Banks, Public Sector Undertaking (Psus), Public Financial Institutions (Pfi), Municipal Bonds And Reverse Repos In Such Securities, Sovereign Securities Issued By The Central Government And State Governments, And/Or Any Security Unconditionally Guaranteed By The Govt. Of India.

Top 10 Holdings

FOOD CORPORATION OF INDIA 8.8 LOA 22MR28 FVRS10LAC

1.51%

Repo

0.04%

Net Current Assets

2.86%

Union Bank of India SR-XX Additional Tier 1 Bo 9.50

1.93%

RURAL ELECTRIFICATION CORPORATION LIMITED SR 156 7.7 BD 10DC27 FVRS10LAC

0.50%

RURAL ELECTRIFICATION CORPORATION LIMITED SR I 8.01 BD 24MR28 FVRS10LAC

1.23%

CENTRAL GOVERNMENT LOAN 20388 GOI 07DC31 FLT FV RS 100

1.63%

REC LIMITED SERIES 175 8.97 BD 28MR29 FVRS10LAC

0.09%

POWER FINANCE CORPORATION LTD. SERIES 184 B 9.10 BD 23MR29 FVRS10LAC

0.05%

FOOD CORPORATION OF INDIA SR VII A 7.60 LOA 09JN30 FVRS10LAC

1.01%

Fund Managers

  1. Deepak Agrawal (Apr 2008 - Present)
  2. Dharmesh Thakar (Jun 2025 - Present)

Key Information

View Scheme Document

Kotak Banking and PSU Debt Fund -IDCW Monthly SIP Calculator

If invested

₹5,000

per month

For a period of

Investment of ₹0 could have been

₹0(+0.0%)

₹0 (+0.0%)

This Fund

₹0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on Kotak Banking and PSU Debt Fund -IDCW Monthly

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in Kotak Banking and PSU Debt Fund -IDCW Monthly?

NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:

  • Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
  • PAN Number
  • Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
  • Passport – front and back
  • Passport size photograph
  • signature

If all details are correct, your KYC will be approved within 7 to 8 business days.

  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Kotak Banking and PSU Debt Fund -IDCW Monthly
  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
  • City and country of birth
  • NRE/NRO bank account statement/ canceled cheque for the latest 3 months
  • Nominee details

Frequently Asked Questions

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