| 24 Jun 2026 10:43 | | Kotak Mahindra Mutual Fund announces Change in Face Value & Creation Unit Size | | Kotak Mahindra Mutual Fund has announced a change in the face value of units and creation unit size of Kotak Nifty PSU Bank ETF with effect from July 10, 2026.
Kotak Nifty PSU Bank ETF
| Particulars
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Existing Provisions
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Revised Provisions
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| Face value
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The face value of each unit offered under the Scheme shall be Rs. 10
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The face value of each unit offered under the Scheme shall be Rs. 1
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| Creation Unit Size
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Each creation unit consists of 5,000 units of Kotak Nifty PSU Bank ETF. Each unit of Kotak Nifty PSU Bank ETF is 1/10th of the value of Nifty PSU Bank Index.
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Each creation unit consists of 20,000 units of Kotak Nifty PSU Bank ETF. Each unit of Kotak Nifty PSU Bank ETF will be 1/100th of the value of Nifty PSU Bank Index.
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