Kotak Mahindra Mutual Fund has announced changes in the face value per unit of Kotak Nifty PSU Bank ETF, altering it from ₹10 to ₹1, effective from July 10, 2026. According to reports from Value Research, this modification represents a significant reduction in the ETF's face value structure.
The face value reduction from ₹10 to ₹1 per unit represents a 90% decrease in the ETF's basic unit price. As reported by Value Research, this change affects the pricing structure of the Kotak Nifty PSU Bank ETF, potentially impacting investor calculations and trading mechanics for the fund.
The face value modification takes effect from July 10, 2026, providing investors and market participants with advance notice of the pricing change. According to Value Research, this timeline allows for proper adjustment of trading strategies and investment calculations related to the Kotak Nifty PSU Bank ETF.
