How to Invest in Kotak Banking & Financial Services Fund Direct Growth?

You can easily invest in Kotak Banking & Financial Services Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Kotak Banking & Financial Services Fund Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Kotak Banking & Financial Services Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Kotak Banking & Financial Services Fund Direct Growth provide?

The Kotak Banking & Financial Services Fund Direct Growth has been there from 27 Feb 2023 and the average annual returns provided by this fund is NA% since its inception.

How much expense ratio is charged by Kotak Banking & Financial Services Fund Direct Growth?

The term Expense Ratio used for Kotak Banking & Financial Services Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Kotak Banking & Financial Services Fund Direct Growth is 0.69% as of 04 Dec 2023...

What is the AUM of Kotak Banking & Financial Services Fund Direct Growth?

The AUM, short for Assets Under Management of Kotak Banking & Financial Services Fund Direct Growth is ₹702.91Cr as of 04 Dec 2023.

How to Redeem Kotak Banking & Financial Services Fund Direct Growth?

If you want to sell your Kotak Banking & Financial Services Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

What is the NAV of Kotak Banking & Financial Services Fund Direct Growth?

The NAV of Kotak Banking & Financial Services Fund Direct Growth is ₹12.06 as of 01 Dec 2023.

What is the PE and PB ratio of Kotak Banking & Financial Services Fund Direct Growth?

The PE ratio ratio of Kotak Banking & Financial Services Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Kotak Banking & Financial Services Fund Direct Growth - NAV, Mutual Fund Performance & Portfolio

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Kotak Banking & Financial Services Fund Direct Growth
Equity
Sectoral / Thematic
Very High Risk
1M
6M
All
 NAV: 01 Dec 2023₹12.06
Min. SIP amount₹100
RatingNA
Fund size₹702.91Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Equity Sectoral / Thematic
Absolute returns
1M3M6MAll
Fund returns2.1%1.3%6.8%16.7%
Category averageNANANANA
Rank with in categoryNA1113NA
Understand terms
Holdings (27)NameSectorInstrumentAssets
HDFC Bank Ltd.
FinancialEquity21.8%
ICICI Bank Ltd.
FinancialEquity13.4%
Axis Bank Ltd.
FinancialEquity7.2%
State Bank of India
FinancialEquity5.7%
Power Finance Corporation Ltd.
FinancialEquity3.9%
Bajaj Finance Ltd.
FinancialEquity3.5%
Kotak Mahindra Bank Ltd.
FinancialEquity3.3%
Bank Of Baroda
FinancialEquity2.9%
Cholamandalam Investment and Finance Company Ltd.
FinancialEquity2.9%
Shriram Finance Ltd
FinancialEquity2.9%
See All
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
27 Nov 2023 - Present
0.69%
26 Nov 2023 - 27 Nov 2023
0.69%
25 Nov 2023 - 26 Nov 2023
0.69%
24 Nov 2023 - 25 Nov 2023
0.69%
23 Nov 2023 - 24 Nov 2023
0.69%
22 Nov 2023 - 23 Nov 2023
0.69%
21 Nov 2023 - 22 Nov 2023
0.69%
20 Nov 2023 - 21 Nov 2023
0.69%
19 Nov 2023 - 20 Nov 2023
0.69%
18 Nov 2023 - 19 Nov 2023
0.69%
17 Nov 2023 - 18 Nov 2023
0.69%
16 Nov 2023 - 17 Nov 2023
0.69%
15 Nov 2023 - 16 Nov 2023
0.69%
14 Nov 2023 - 15 Nov 2023
0.69%
13 Nov 2023 - 14 Nov 2023
0.69%
12 Nov 2023 - 13 Nov 2023
0.69%
11 Nov 2023 - 12 Nov 2023
0.69%
10 Nov 2023 - 11 Nov 2023
0.69%
09 Nov 2023 - 10 Nov 2023
0.69%
08 Nov 2023 - 09 Nov 2023
0.69%
07 Nov 2023 - 08 Nov 2023
0.69%
06 Nov 2023 - 07 Nov 2023
0.69%
05 Nov 2023 - 06 Nov 2023
0.69%
04 Nov 2023 - 05 Nov 2023
0.69%
03 Nov 2023 - 04 Nov 2023
0.69%
02 Nov 2023 - 03 Nov 2023
0.69%
01 Nov 2023 - 02 Nov 2023
0.69%
31 Oct 2023 - 01 Nov 2023
0.69%
30 Oct 2023 - 31 Oct 2023
0.69%
29 Oct 2023 - 30 Oct 2023
0.69%
28 Oct 2023 - 29 Oct 2023
0.69%
27 Oct 2023 - 28 Oct 2023
0.69%
26 Oct 2023 - 27 Oct 2023
0.69%
25 Oct 2023 - 26 Oct 2023
0.69%
24 Oct 2023 - 25 Oct 2023
0.69%
23 Oct 2023 - 24 Oct 2023
0.69%
22 Oct 2023 - 23 Oct 2023
0.69%
21 Oct 2023 - 22 Oct 2023
0.69%
20 Oct 2023 - 21 Oct 2023
0.69%
19 Oct 2023 - 20 Oct 2023
0.69%
18 Oct 2023 - 19 Oct 2023
0.69%
17 Oct 2023 - 18 Oct 2023
0.69%
16 Oct 2023 - 17 Oct 2023
0.62%
15 Oct 2023 - 16 Oct 2023
0.62%
14 Oct 2023 - 15 Oct 2023
0.62%
13 Oct 2023 - 14 Oct 2023
0.62%
12 Oct 2023 - 13 Oct 2023
0.62%
11 Oct 2023 - 12 Oct 2023
0.62%
10 Oct 2023 - 11 Oct 2023
0.61%
09 Oct 2023 - 10 Oct 2023
0.61%
08 Oct 2023 - 09 Oct 2023
0.61%
07 Oct 2023 - 08 Oct 2023
0.61%
06 Oct 2023 - 07 Oct 2023
0.61%
05 Oct 2023 - 06 Oct 2023
0.61%
04 Oct 2023 - 05 Oct 2023
0.61%
03 Oct 2023 - 04 Oct 2023
0.61%
02 Oct 2023 - 03 Oct 2023
0.61%
01 Oct 2023 - 02 Oct 2023
0.61%
30 Sep 2023 - 01 Oct 2023
0.61%
29 Sep 2023 - 30 Sep 2023
0.61%
28 Sep 2023 - 29 Sep 2023
0.61%
27 Sep 2023 - 28 Sep 2023
0.61%
26 Sep 2023 - 27 Sep 2023
0.61%
25 Sep 2023 - 26 Sep 2023
0.61%
24 Sep 2023 - 25 Sep 2023
0.61%
23 Sep 2023 - 24 Sep 2023
0.61%
22 Sep 2023 - 23 Sep 2023
0.61%
21 Sep 2023 - 22 Sep 2023
0.61%
20 Sep 2023 - 21 Sep 2023
0.61%
19 Sep 2023 - 20 Sep 2023
0.61%
18 Sep 2023 - 19 Sep 2023
0.61%
17 Sep 2023 - 18 Sep 2023
0.61%
16 Sep 2023 - 17 Sep 2023
0.61%
15 Sep 2023 - 16 Sep 2023
0.61%
14 Sep 2023 - 15 Sep 2023
0.61%
13 Sep 2023 - 14 Sep 2023
0.61%
12 Sep 2023 - 13 Sep 2023
0.61%
11 Sep 2023 - 12 Sep 2023
0.61%
10 Sep 2023 - 11 Sep 2023
0.61%
09 Sep 2023 - 10 Sep 2023
0.61%
08 Sep 2023 - 09 Sep 2023
0.61%
07 Sep 2023 - 08 Sep 2023
0.61%
06 Sep 2023 - 07 Sep 2023
0.61%
05 Sep 2023 - 06 Sep 2023
0.61%
04 Sep 2023 - 05 Sep 2023
0.61%
03 Sep 2023 - 04 Sep 2023
0.61%
02 Sep 2023 - 03 Sep 2023
0.61%
01 Sep 2023 - 02 Sep 2023
0.61%
31 Aug 2023 - 01 Sep 2023
0.61%
31 Jul 2023 - 31 Aug 2023
0.61%
30 Jun 2023 - 31 Jul 2023
0.38%
31 May 2023 - 30 Jun 2023
0.38%
30 Apr 2023 - 31 May 2023
0.79%
Expense ratio, exit load and taxExpense ratio: 0.69%Inclusive of GST
Exit loadExit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year.
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year. 
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹100
Min. for 2nd investment onwards₹100
Min. for SIP₹100
Fund managementAbhishek Bisen
Feb 2023 - Present
View details
Education
Mr. Bisen is a BA and MBA in Finance.
Experience
Prior to joining Kotak AMC, he was working with Securities Trading Corporation Of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm.
Also manages these schemes
Kotak Bond Fund Direct Growth
Kotak Bond Short Term Fund Direct Growth
Kotak Dynamic Bond Fund Direct Growth
Kotak Gilt Investment PF & Trust Direct Growth
Kotak Multi Asset Allocator FoF Dynamic Direct Growth
Kotak Gold Fund Direct Growth
Kotak Debt Hybrid Fund Direct Growth
Kotak Banking and PSU Debt Fund Direct Growth
Kotak Equity Savings Fund Direct Growth
Kotak Equity Hybrid Fund Direct Growth
Kotak Capital Protection Oriented Scheme Series 4 Direct Growth
Kotak Balanced Advantage Fund Direct Growth
Kotak Nasdaq 100 FOF Direct Growth
Kotak Nifty 50 Index Fund Direct Growth
Kotak Multicap Fund Direct Growth
Kotak Manufacture in India Fund Direct Growth
Kotak Nifty SDL Apr 2027 Top 12 Equal Weight Index Fund Direct Growth
Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund Direct Growth
Kotak Business Cycle Fund Direct Growth
Kotak Nifty SDL Plus AAA PSU Bond Jul 2028 60:40 Index Fund Direct Growth
Kotak All Weather Debt FOF Direct Growth
Kotak Nifty SDL Jul 2026 Index Fund Direct Growth
Kotak Banking & Financial Services Fund Direct Growth
Kotak Nifty SDL Jul 2033 Index Fund Direct Growth
Kotak Silver ETF FoF Direct Growth
Kotak Nifty SDL Jul 2028 Index Fund Direct Growth
Kotak Nifty Smallcap 50 Index Fund Direct Growth
Kotak Nifty 200 Momentum 30 Index Fund Direct Growth
Kotak Quant Fund Direct Growth
Kotak Nifty Financial Services Ex Bank Index Fund Direct Growth
Kotak S&P BSE Housing Index Fund Direct Growth
Kotak Multi Asset Allocation Fund Direct Growth
Kotak Consumption Fund Direct Growth
Arjun Khanna
Feb 2023 - Present
View details
Education
Mr. Khanna has done CFA, FRM, MMS(Finance) & B.E (Electronics)
Experience
Prior to joining Kotak Mahindra Mutual Fund, he was with Principal Mutual Fund and has also worked with Citibank.
Also manages these schemes
Kotak Emerging Equity Fund Direct Growth
Kotak Multi Asset Allocator FoF Dynamic Direct Growth
Kotak Global Emerging Market Fund Direct Growth
Kotak Bluechip Fund Direct Growth
Kotak Equity Opportunities Fund Direct Growth
Kotak Small Cap Fund Direct Growth
Kotak Flexicap Fund Direct Growth
Kotak Equity Savings Fund Direct Growth
Kotak Equity Hybrid Fund Direct Growth
Kotak Infrastructure and Economic Reform Fund Direct Growth
Kotak World Gold Fund Direct Growth
Kotak US Equity Fund Standard Direct Growth
Kotak Balanced Advantage Fund Direct Growth
Kotak Floating Rate Fund Direct Growth
Kotak Focused Equity Fund Direct Growth
Kotak Pioneer Fund Direct Growth
Kotak ESG Opportunities Fund Direct Growth
Kotak International REIT FOF Direct Growth
Kotak Nasdaq 100 FOF Direct Growth
Kotak Global Innovation FoF Direct Growth
Kotak Multicap Fund Direct Growth
Kotak Business Cycle Fund Direct Growth
Kotak Banking & Financial Services Fund Direct Growth
Kotak Quant Fund Direct Growth
Kotak Multi Asset Allocation Fund Direct Growth
Kotak Consumption Fund Direct Growth
Shibani Kurian
Feb 2023 - Present
View details
Education
Ms. Kurian has done PGDM (Specialization in Finance), BSc (Hons)-Economics
Experience
Prior to joining Kotak AMC, she was working with Dawnay Day AV India Advisors Pvt Ltd and UTI AMC.
Also manages these schemes
Kotak India EQ Contra Fund Direct Growth
Kotak India Growth Fund Series 7 Direct Growth
Kotak Focused Equity Fund Direct Growth
Kotak Banking & Financial Services Fund Direct Growth
Fund house & investment objective
Kotak Mahindra Mutual Fund
Rank (total assets)#5 in India
Total AUM₹2,85,392.44Cr
Date of Incorporation05 Aug 1994
 Kotak Banking & Financial Services Fund Direct Growth is a Equity Mutual Fund Scheme launched by Kotak Mahindra Mutual Fund. This scheme was made available to investors on 05 Aug 1994. Shibani Kurian is the Current Fund Manager of Kotak Banking & Financial Services Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹2,85,392 Cr and the Latest NAV as of 01 Dec 2023 is ₹12.06.
The Kotak Banking & Financial Services Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹100. Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year.
;
Investment ObjectiveThe scheme seeks to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services sector. However, there can be no assurance that the investment objective of the scheme would be achieved.
;
Fund benchmarkNIFTY Financial Services Total Return Index
Scheme Information Document(SID)
Fund house contact details
Address
27 BKC, C-27, G Block,Bandra Kurla Complex,Bandra (E) Mumbai 400051
Phone
022-61152100 / 1800-22-2626
Launch Date
05 Aug 1994
E-mail
[email protected]
Website
Kotak Mahindra Mutual Fund
Asset Management Company
Custodian
NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]
Website
www.camsonline.com
Compare funds
Kotak Banking & Financial Services Fund Direct Growth
VS
Add mutual fund to compare

	1M	3M	6M	All
Fund returns	2.1%	1.3%	6.8%	16.7%
Category average	NA	NA	NA	NA
Rank with in category	NA	11	13	NA

Name	Sector	Instrument	Assets
HDFC Bank Ltd.	Financial	Equity	21.8%
ICICI Bank Ltd.	Financial	Equity	13.4%
Axis Bank Ltd.	Financial	Equity	7.2%
State Bank of India	Financial	Equity	5.7%
Power Finance Corporation Ltd.	Financial	Equity	3.9%
Bajaj Finance Ltd.	Financial	Equity	3.5%
Kotak Mahindra Bank Ltd.	Financial	Equity	3.3%
Bank Of Baroda	Financial	Equity	2.9%
Cholamandalam Investment and Finance Company Ltd.	Financial	Equity	2.9%
Shriram Finance Ltd	Financial	Equity	2.9%

Rank (total assets)	#5 in India
Total AUM	₹2,85,392.44Cr

Date of Incorporation	05 Aug 1994

Fund benchmark	NIFTY Financial Services Total Return Index

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Min. for 1st investment	₹100
Min. for 2nd investment onwards	₹100

Rating	NA
Fund size	₹702.91Cr

Kotak Banking & Financial Services Fund Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (27)

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.69%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Abhishek BisenFeb 2023 - PresentView details

Arjun KhannaFeb 2023 - PresentView details

Shibani KurianFeb 2023 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Abhishek Bisen
Feb 2023 - Present
View details

Arjun Khanna
Feb 2023 - Present
View details

Shibani Kurian
Feb 2023 - Present
View details