Kotak PSU Bank Exchange Traded Fund is a Others Mutual Fund Scheme launched by Kotak Mahindra Mutual Fund. This scheme was introduced to investors on 08 Nov 2007. Deepak Gupta is the Current Fund Manager of Kotak PSU Bank Exchange Traded Fund.The fund currently has an Asset Under Management(AUM) of ₹38 Cr and the Latest NAV as of 15 Nov 2019 is ₹243.55.
The Kotak PSU Bank Exchange Traded Fund is rated High risk. Minimum SIP Investment is 1. Nil.
Investment Objective
The investment objective of the scheme is to provide returns that closely correspond to the total returns of CNX PSU 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