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Kotak Nifty Financial Services Ex-Bank Index Fund - Direct Plan - Growth option is an index scheme managed by Kotak Mahindra Mutual Fund. It has ranked in the top half of its category for 2 of the last 2 reported years. The total expense ratio is 0.21% on assets of ₹97Cr. The fund is currently managed by Mr. Satish Dondapati, appointed within the last year.
Lower is better.
This scheme classifies as Large-Value on the 3x3 equity style box, with 72% of its portfolio classified as of 2026-05-29.
| Holding | Sector |
|---|
| Window | Min | P25 | Median |
|---|
Point-in-time CAGRs cherry-pick a single start date. The chart below shows the distribution of every possible rolling start over the fund's history, so you see the range of investor outcomes — not just one date's number.
Backtested SIP outcomes across both rolling-window scenarios and named historical stress events (COVID, Election uncertainty, Russia/Ukraine, etc.), plus per-manager alpha during their tenure on this scheme.
Same fund, monthly SIPs over rolling 1/3/5-year windows.
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully. Past performance is not indicative of future results. MintByte is an AMFI-registered Mutual Fund Distributor (ARN-314872) and APMI member (APRN-01658). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Star ratings on this page reflect a 3-year category-quartile position computed in-house and are educational only.
Mutual fund schemes are subject to market risk. Read all scheme-related documents carefully before investing. Past performance is not indicative of future results. MintByte is an AMFI-registered mutual fund distributor (ARN-314872). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Not investment advice. Methodology · How we earn.
ETF-specific data. Tracking error is the standard-deviation of (ETF return − index return) over the trailing year.
In-house derivations using 3-year daily NAV vs benchmark. See methodology.
| Weight |
|---|
| BSE LIMITED | Financial Services | 8.81% |
| Shriram Finance Limited | Financial Services | 7.78% |
| BAJAJ FINSERV LIMITED | Financial Services | 5.98% |
| SBI LIFE INSURANCE COMPANY LIMITED | Financial Services | 4.84% |
| POWER FINANCE CORPORATION LTD. | Financial Services | 3.87% |
| HDFC LIFE INSURANCE COMPANY LIMITED | Financial Services | 3.74% |
| PB FINTECH LIMITED | Financial Services | 3.36% |
| HDFC ASSET MANAGEMENT COMPANY LTD | Financial Services | 3.27% |
| BAJAJ HOLDINGS AND INVESTMENT LTD. | Financial Services | 2.63% |
| REC LIMITED | Financial Services | 2.62% |
| MAX FINANCIAL SERVICES LIMITED | Financial Services | 2.49% |
| MUTHOOT FINANCE LIMITED | Financial Services | 2.18% |
| ADITYA BIRLA CAPITAL LIMITED | Financial Services | 1.69% |
| 360 ONE WAM LIMITED | Financial Services | 1.59% |
| CENTRAL DEPOSITORY SERVICES (INDIA) LIMITED | Financial Services | 1.34% |
| INDIAN RAILWAY FINANCE CORPORATION LIMITED | Financial Services | 1.24% |
| PNB HOUSING FINANCE LTD | Financial Services | 1.16% |
| SBI CARDS AND PAYMENT SERVICES LIMITED | Financial Services | 1.14% |
| LIFE INSURANCE CORPORATION OF INDIA | Financial Services | 1.05% |
| LIC HOUSING FINANCE LIMITED | Financial Services | 0.99% |
| Sector | Holdings | Weight |
|---|---|---|
| Financial Services | 20 | 99.97% |
Active bets vs the average Index fund. Biggest deviations shown first.
Accent bar = fund's actual sector weight. Vertical black tick = category average for the same sector. Green overlay = overweight, dashed red = underweight. The biggest active bets show first.
How crowded into the same stocks is this fund vs the largest fund in its category?
Category leader = highest-AUM scheme in the same SEBI category. A high overlap-of-weight number means the fund is concentrated into the same names as the leader (crowded); a low one means it's genuinely differentiated.
| P75 |
|---|
| Max |
|---|
| Positive % |
|---|
| 1Y | 2.12% | 12.23% | 18.95% | 25.40% | 38.61% | 100.0% |
Each cell is one year. Q1 = top quartile within the AMFI category for that period. Cell label is the last two digits of the year.
Top-10 weight 46.9% means concentration is in line with most actively-managed Indian equity funds. Effective-N is the inverse Herfindahl index — a measure of "how many positions effectively drive the fund" after weighting. Category: Index.
Compounding maths on a notional ₹10 lakh lumpsum at 12% gross annual return. Green bar is what you'd have without the fee; red overlay is the fee drag. Fee is constant in this scenario — actual outcomes depend on real returns and any future TER changes.
What an investor SIPping into this fund actually got during named market shocks.
Each row is a back-tested SIP — monthly contribution over the regime's duration, no fees adjustment beyond NAV-baked TER. XIRR is the annualised IRR of those cashflows; Abs return is the absolute cash-on-cash; Max DD is the deepest drawdown experienced mid-investment. Past performance is not indicative of future results.
Alpha is the annualised excess return vs benchmark over the manager's tenure on this scheme. Beat-benchmark = total return beat the index over the same window.
Does the fund get worse as it gets bigger? Each dot is one historical manager-tenure: AUM at tenure-end vs alpha delivered during that tenure.
Correlation is too weak to confirm or rule out capacity-driven alpha decay. Re-evaluate as more manager-tenure data accumulates.
Each dot is one manager-tenure: X = AUM at tenure end, Y = alpha during that tenure. Connecting line in chronological order. Pearson r measures the linear relationship between AUM and alpha across the historical record. n = 3 data points.