What stocks does Kotak Nifty Financial Services Ex-Bank Index Fund hold?

Kotak Nifty Financial Services Ex-Bank Index Fund holds a portfolio of Indian equity stocks disclosed monthly by Kotak Mutual Fund to AMFI. The complete current holdings with weights and month-over-month changes are available on this page. Data is sourced from official AMFI portfolio disclosures.

Which AMC manages Kotak Nifty Financial Services Ex-Bank Index Fund?

Kotak Nifty Financial Services Ex-Bank Index Fund is managed by Kotak Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is Kotak Nifty Financial Services Ex-Bank Index Fund?

Kotak Nifty Financial Services Ex-Bank Index Fund is classified as a Index/ETF mutual fund under SEBI's mutual fund categorisation framework.

How often is Kotak Nifty Financial Services Ex-Bank Index Fund portfolio data updated?

Portfolio holdings for Kotak Nifty Financial Services Ex-Bank Index Fund are updated monthly. SEBI mandates all AMCs to disclose their complete portfolio within 10 days of each month end. RightAdvise sources this data directly from official AMFI portfolio disclosures.

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Kotak Nifty Financial Services Ex-Bank Index Fund - Direct Plan - Growth option

Index/ETF Data as of May 2026 Comparing Apr 2026 → May 2026

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Stocks Held

May 2026

Equity Holdings

₹98.28 Cr

Equity only, excl. debt & cash

Top 5 Weight

42.8%

High concentration

Top 10 Weight

63.1%

High concentration

Changes

0 new · 0 exits

Top Sector

Finance

54.9% of portfolio

📋 What Happened This Month Among existing holdings, BSE Limited saw the biggest increase — now at 9.93% of the portfolio. Bajaj Finance Limited was trimmed the most, now at 14.24%. Bajaj Finance Limited remains the top holding with Finance the dominant sector at 54.9%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · Kotak Nifty Financial Services Ex-Bank Index Fund - Direct Plan - Growth option

-0.59%

+12.64%

-1.37%

+2.61%

Latest NAV

₹16.45

25 Jun 2026

52W High

₹16.94

-3% from High

52W Low

₹12.49

+32% from Low

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025

+27.4%

2024

+13.5%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

19.3%

+ve in 100% windows

42.3% / -0.2%

Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period.

2024–25 Tariff

-14.8%

Rec: Apr 2025 (4 mo)

COVID-19 Crash

Pre-inception

Rec: N/A

2022 Rate Hike

Pre-inception

Rec: N/A

2018 IL&FS

Pre-inception

Rec: N/A

NAV Chart ₹16.45 25 Jun 2026

Simple Moving Avg: Click to draw · click again to remove

Kotak Nifty Financial Services Ex-Bank Index Fund - Direct Plan - Growth option

Chart shows indexed performance (base = 100). Actual NAV: ₹16.45

Sector Shift Industry allocation month-over-month

Mar 2026 → Apr 2026

Sector	Prev	Curr ▼	Delta
Finance	56.7%	56.3%	▼ -0.4%
Capital Markets	19.7%	21.7%	▲ +2.0%
Insurance	17.7%	15.9%	▼ -1.9%
Financial Technology (Fintech)	6.1%	6.1%	● +0.0%

Apr 2026 → May 2026

Sector	Prev	Curr ▼	Delta
Finance	56.3%	54.9%	▼ -1.4%
Capital Markets	21.7%	22.9%	▲ +1.2%
Insurance	15.9%	16.0%	▲ +0.1%
Financial Technology (Fintech)	6.1%	6.2%	● +0.1%

↑

Biggest Add

BSE Limited

+1.12% · now 9.93%

↓

Biggest Trim

Bajaj Finance Limited

-0.61% · now 14.24%

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 → May 2026

↑ 13 Increased ↓ 15 Decreased

#	Stock	Sector	Apr 2026	May 2026	Change
1	BSE Limited ₹9.77 Cr	Capital Markets	8.81%	9.93%	+1.12%
2	Max Financial Services Limited ₹2.56 Cr	Insurance	2.49%	2.60%	+0.11%
3	Angel One Limited ₹1.26 Cr	Capital Markets	1.18%	1.28%	+0.10%
4	360 One WAM Limited ₹1.65 Cr	Capital Markets	1.59%	1.68%	+0.09%
5	Aditya Birla Capital Limited ₹1.73 Cr	Finance	1.69%	1.76%	+0.07%
6	Computer Age Management Services Limited ₹1.10 Cr	Capital Markets	1.05%	1.12%	+0.07%
7	Bajaj Finserv Limited ₹5.94 Cr	Finance	5.98%	6.03%	+0.05%
8	PB Fintech Limited ₹3.34 Cr	Financial Technology (Fintech)	3.36%	3.40%	+0.04%
9	One 97 Communications Limited ₹2.71 Cr	Financial Technology (Fintech)	2.73%	2.76%	+0.03%
10	ICICI Lombard General Insurance Company Limited ₹2.51 Cr	Insurance	2.53%	2.55%	+0.02%
11	L&T Finance Limited ₹1.41 Cr	Finance	1.41%	1.43%	+0.02%
12	Life Insurance Corporation Of India ₹1.05 Cr	Insurance	1.05%	1.07%	+0.02%
13	HDFC Life Insurance Company Limited ₹3.69 Cr	Insurance	3.74%	3.75%	+0.01%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Bajaj Finance Limited ₹14.01 Cr	Finance	14.85%	14.24%	-0.61%
2	Power Finance Corporation Limited ₹3.60 Cr	Finance	3.87%	3.66%	-0.21%
3	Jio Financial Services Limited ₹4.52 Cr	Finance	4.79%	4.59%	-0.20%
4	REC Limited ₹2.43 Cr	Finance	2.62%	2.47%	-0.15%
5	Cholamandalam Investment and Finance Company Ltd ₹3.80 Cr	Finance	3.97%	3.86%	-0.11%
6	Indian Railway Finance Corporation Limited ₹1.13 Cr	Finance	1.24%	1.15%	-0.09%
7	HDFC Asset Management Company Limited ₹3.14 Cr	Capital Markets	3.27%	3.19%	-0.08%
8	Muthoot Finance Limited ₹2.07 Cr	Finance	2.18%	2.10%	-0.08%
9	Multi Commodity Exchange of India Limited ₹4.35 Cr	Capital Markets	4.49%	4.42%	-0.07%
10	LIC Housing Finance Limited ₹92.43 L	Finance	0.99%	0.94%	-0.05%
11	Central Depository Services (India) Limited ₹1.28 Cr	Capital Markets	1.34%	1.30%	-0.04%
12	ICICI Prudential Life Insurance Company Limited ₹1.15 Cr	Insurance	1.20%	1.16%	-0.04%
13	SBI Cards and Payment Services Limited ₹1.08 Cr	Finance	1.14%	1.10%	-0.04%
14	SBI Life Insurance Company Limited ₹4.74 Cr	Insurance	4.84%	4.82%	-0.02%
15	PNB Housing Finance Limited ₹1.12 Cr	Finance	1.16%	1.14%	-0.02%

What Stocks Does This Fund Hold?

30 stocks — May 2026

#	Stock	Sector	Weight & Value
1	Bajaj Finance Limited ₹14.01 Cr	Finance	14.24%
2	BSE Limited ₹9.77 Cr	Capital Markets	9.93%
3	Shriram Finance Limited ₹7.65 Cr	Finance	7.78%
4	Bajaj Finserv Limited ₹5.94 Cr	Finance	6.03%
5	SBI Life Insurance Company Limited ₹4.74 Cr	Insurance	4.82%
6	Jio Financial Services Limited ₹4.52 Cr	Finance	4.59%
7	Multi Commodity Exchange of India Limited ₹4.35 Cr	Capital Markets	4.42%
8	Cholamandalam Investment and Finance Company Ltd ₹3.80 Cr	Finance	3.86%
9	HDFC Life Insurance Company Limited ₹3.69 Cr	Insurance	3.75%
10	Power Finance Corporation Limited ₹3.60 Cr	Finance	3.66%
11	PB Fintech Limited ₹3.34 Cr	Financial Technology (Fintech)	3.40%
12	HDFC Asset Management Company Limited ₹3.14 Cr	Capital Markets	3.19%
13	One 97 Communications Limited ₹2.71 Cr	Financial Technology (Fintech)	2.76%
14	Bajaj Holdings & Investment Limited ₹2.59 Cr	Finance	2.63%
15	Max Financial Services Limited ₹2.56 Cr	Insurance	2.60%
16	ICICI Lombard General Insurance Company Limited ₹2.51 Cr	Insurance	2.55%
17	REC Limited ₹2.43 Cr	Finance	2.47%
18	Muthoot Finance Limited ₹2.07 Cr	Finance	2.10%
19	Aditya Birla Capital Limited ₹1.73 Cr	Finance	1.76%
20	360 One WAM Limited ₹1.65 Cr	Capital Markets	1.68%
21	L&T Finance Limited ₹1.41 Cr	Finance	1.43%
22	Central Depository Services (India) Limited ₹1.28 Cr	Capital Markets	1.30%
23	Angel One Limited ₹1.26 Cr	Capital Markets	1.28%
24	ICICI Prudential Life Insurance Company Limited ₹1.15 Cr	Insurance	1.16%
25	Indian Railway Finance Corporation Limited ₹1.13 Cr	Finance	1.15%
26	PNB Housing Finance Limited ₹1.12 Cr	Finance	1.14%
27	Computer Age Management Services Limited ₹1.10 Cr	Capital Markets	1.12%
28	SBI Cards and Payment Services Limited ₹1.08 Cr	Finance	1.10%
29	Life Insurance Corporation Of India ₹1.05 Cr	Insurance	1.07%
30	LIC Housing Finance Limited ₹92.43 L	Finance	0.94%