Description

The Kotak Nifty PSU Bank ETF, an exchange-traded fund, was initially launched by Kotak Mahindra Bank Limited and is currently overseen by Kotak Mahindra Asset Management Company Limited. This fund primarily allocates capital within India's public equity markets, with a specific focus on firms operating in the banking sector. Its investments span companies across the full range of market capitalizations. The core objective of this ETF is to mirror the performance of the CNX PSU Bank Index, which it achieves by investing in the index's constituent stocks in direct proportion to their respective weightings. An Indian-domiciled product, the fund began operations on October 29, 2007.