Kotak Mutual Fund Launches Kotak Nifty Private Bank ETF

NFO opens on 8-July -2026 and closes on 15-July -2026

SEBI Registered Name – Kotak Mahindra Mutual Fund | SEBI Registered Number – MF/038/98/1

Hyderabad, July 8, 2026: Kotak Mahindra Asset Management Company Ltd. (“KMAMC” / “Kotak Mutual Fund”) is pleased to announce the launch of the Kotak Nifty Private Bank ETF, an open-ended scheme replicating/tracking the Nifty Private Bank Index. The scheme opens for public subscription on July 8, 2026, and will close on July 15, 2026. 

The Nifty Private Bank index tracks the performance of the leading 10 private sector banks which are selected from Nifty 500 universe based on their free-float market capitalisation. The index provides exposure to India’s leading private sector banks through a rule-based, transparent methodology. The index is rebalanced semi-annually.

Speaking on the launch Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Company Ltd. said, “At Kotak Mutual Fund, we remain committed to offering innovative investment solutions that align with the evolving need of investors. The Kotak Nifty Private Bank ETF provides investors with a simple and cost-efficient way to participate in the growth of India’s leading private sector banks. This ETF enables investors to gain diversified exposure to a key segment of financial sector through rule-based investment approach.” 

Satish Dondapatti, Fund Manager, Kotak Mahindra Asset Management Company Ltd. added, “The Kotak Nifty Private Bank ETF is designed to replicate the performance of Nifty Private Bank Index by investing in its constituents in the same proportion, subject to tracking error. This ETF provides investors with a transparent, passive investment strategy to participate in the long-term growth potential of India’s private banking sector.” 

Past performance may or may not be sustained in future. For detailed index methodology kindly visit www.niftyindices.com. For more details on the Kotak Nifty Private Bank ETF please visit: https://www.kotakmf.com 

Investors are advised to consult their financial expert before making any investment decisions.