NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹13.46
-2.35%
NAV as on 18 Dec 24, 12:00 AM
very high risk
index funds
equity
NAV as on 18 Dec 24, 12:00 AM
very high risk
index funds
equity
14.65%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
23.09%p.a.
Since Inception
About Kotak Nifty Financial Services Ex-Bank Index Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Kotak Nifty Financial Services Ex-Bank Index Fund Growth scheme from Kotak Mahindra Asset Management Co Ltd. It is a Index Funds mutual fund scheme that predominantly invests in Index Funds stocks of companies. Launched on Aug 2023, Kotak Nifty Financial Services Ex-Bank Index Fund Growth is Index Funds fund of its category with 38.97 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Index Funds funds.
- Kotak Nifty Financial Services Ex-Bank Index Fund Growth delivered 14.7% annual returns during the last year. It has delivered 23.1% average annual returns since the fund was launched.
- Kotak Nifty Financial Services Ex-Bank Index Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund 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. The scheme does not assure or guarantee any returns
Top 10 Holdings
Bajaj Finance Ltd
13.92%
Jio Financial Services Ltd
7.64%
Bajaj Finserv Ltd
6.91%
Shriram Finance Ltd
6.34%
HDFC Life Insurance Co Ltd
5.55%
SBI Life Insurance Co Ltd
5.24%
Power Finance Corp Ltd
4.78%
REC Ltd
4.71%
BSE Ltd
4.37%
PB Fintech Ltd
3.89%
Fund Managers
- Abhishek Bisen (Aug 2023 - Present)
- Devender Singhal (Aug 2023 - Present)
- Satish Dondapati (Aug 2023 - Present)
Key Information
View Scheme Document
Kotak Nifty Financial Services Ex-Bank Index Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Kotak Nifty Financial Services Ex-Bank Index Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Kotak Nifty Financial Services Ex-Bank Index Fund Growth?
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 Nifty Financial Services Ex-Bank Index Fund Growth
- 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
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Frequently Asked Questions
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