Kotak Banking ETF Regular Dividend is a Others Mutual Fund Scheme launched by Kotak Mahindra Mutual Fund. This scheme was introduced to investors on 04 Dec 2014. Deepak Gupta is the Current Fund Manager of Kotak Banking ETF Regular Dividend.The fund currently has an Asset Under Management(AUM) of ₹7,948 Cr and the Latest NAV as of 16 Aug 2019 is ₹289.3.
The Kotak Banking ETF Regular Dividend is rated High risk. Minimum SIP Investment is 1. Nil.
Investment Objective
The investment objective of the scheme is to provide returns before expenses that closely correspond to the total returns of stocks as represented by the CNX Bank Index subject to tracking errors.
Tax Implications
Returns 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.
Scheme Information Document(SID)
Not Supported
Min for First Investment
Not Supported
Min for Second Investment