The Kotak Nifty Bank ETF, managed by Kotak Mahindra Asset Management Company Limited, aims to mirror the Nifty Bank Index's total returns, operating as an open-ended scheme focused on market cap weighting.

This ETF employs a replication strategy closely aligned with the Nifty Bank Index TRI, maintaining a minimal tracking error of 0.03%, ensuring efficient performance relative to its benchmark.

The portfolio is heavily concentrated in the banking sector, with HDFC Bank and ICICI Bank comprising over 54% of total assets, highlighting significant exposure to a few key holdings.

In the past year, the ETF has delivered a robust return of 15.1%, while its 3-year CAGR stands at 11.6%, indicating consistent performance in a favorable banking environment.

With a fund size of ₹4970.1 Cr and a low expense ratio of 0.15%, the ETF provides cost-effective access to the banking sector, managed by experienced professionals Mr. Devender Singhal and Mr. Satish Dondapati.