BSE · Corporate Action · Low
Kotak Nifty PSU Bank ETF to split face value 10:1 on July 10, 2026
The ETF's face value drops from Rs. 10 to Re. 1 per unit, increasing units 10x with proportional NAV adjustment. Record date and ex-date both July 10, 2026.
What changed
- BSE notified a face value split of Kotak Nifty PSU Bank ETF from Rs. 10 to Re. 1 per unit.
- Record date and ex-date are both July 10, 2026.
- New ISIN post-split will be announced separately.
The read
Kotak Mahindra Mutual Fund is splitting the face value of its Nifty PSU Bank ETF 10:1 — from Rs. 10 to Re. 1 per unit. The move does not alter the investment value but reduces the unit price proportionally, improving affordability for retail investors and potentially boosting liquidity on the exchange. Trading members must update systems to reflect the new face value by the effective date of July 10, 2026. The new ISIN is pending; settlement could see hitches if the notice is missed. A clean, low-impact corporate action.
Kotak Nifty PSU Bank ETFscrip 590107face value split
Primary source: official circular (PDF)