Kotak India Equity Fund Class II (INDSX)

Fund Assets	162.70M
Expense Ratio	0.75%
Min. Investment	$25,000,000
Turnover	53.00%
Dividend (ttm)	0.91
Dividend Yield	5.95%
Dividend Growth	-66.05%
Payout Frequency	Annual
Ex-Dividend Date	Dec 9, 2025

Previous Close	15.10
YTD Return	-12.00%
1-Year Return	-12.08%
5-Year Return	1.34%
52-Week Low	14.14
52-Week High	18.52
Beta (5Y)	n/a
Holdings	38
Inception Date	Dec 19, 2019

About INDSX

The ALPS/Kotak India ESG II Fund is an actively managed mutual fund specializing in Indian equities that meet strict environmental, social, and governance (ESG) standards. Its primary objective is to achieve long-term capital appreciation by investing at least 80% of its net assets in equity and equity-linked securities of companies incorporated or operating primarily in India that align with its ESG criteria. The fund is positioned within the India Equity category and reflects a large growth investment style, focusing on sectors such as energy, financial services, technology, and communication services. With a diversified portfolio, the fund typically holds dozens of Indian companies across various industries, aiming to capitalize on India’s economic expansion while prioritizing sustainability. The fund’s strategy may limit exposure to certain industries based on ESG screens, potentially reducing some risks associated with unsustainable practices but also narrowing the investable universe. The ALPS/Kotak India ESG II Fund serves institutional investors seeking targeted access to India’s dynamic markets through an ESG-focused lens, promoting responsible investing alongside growth potential.

• Fund Family: ALPS
• Category: India Equity
• Performance Rating: Average
• Risk Rating: Low
• Stock Exchange: NASDAQ
• Ticker Symbol: INDSX
• Share Class: Class II
• Index: Index is not available on Lipper Database

Performance

INDSX had a total return of -12.08% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.22%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
INDIX	Class I	0.93%
INAAX	Class A	1.28%
INDAX	Investor Shares	1.28%
INFCX	Class C	1.97%

Top 10 Holdings

43.20% of assets

Name	Symbol	Weight
ICICI Bank Limited	IBN	7.33%
Reliance Industries Limited	RELIANCE	7.26%
Bharti Airtel Limited	BHARTIARTL	4.74%
Bajaj Finance Limited	BAJFINANCE	4.07%
Shriram Finance Limited	SHRIRAMFIN	4.03%
Cognizant Technology Solutions Corporation	CTSH	3.28%
Max Healthcare Institute Limited	MAXHEALTH	3.21%
Uno Minda Limited	UNOMINDA	3.15%
Mahindra & Mahindra Limited	M&M	3.09%
Bharat Electronics Limited	BEL	3.04%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 9, 2025	$0.90982	Dec 10, 2025
Dec 10, 2024	$2.67961	Dec 11, 2024
Dec 7, 2023	$0.76019	Dec 8, 2023
Dec 8, 2022	$0.25261	Dec 9, 2022
Dec 9, 2021	$1.000	Dec 10, 2021

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Sep 18, 2026

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