INDSX Fees and Costs — Kotak India Equity Fund, Class II
Data updated: 2026-09-25
The net expense ratio is 0.75%: a 0.65% management fee plus 0.23% other expenses, less a 0.13% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2025 the fund paid $464K in broker commissions, 0.1207% of average net assets, and portfolio turnover was 53%.
INDSX Fees and Expenses
Annual operating expenses and sales charges of INDSX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 0.88% |
| Fee waiver | −0.13% |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
INDSX Costs Over Time
On $10,000 invested in INDSX, assuming 5% a year before costs, total costs come to $546 over 5 years, cutting the return by 0.91% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.75%) | $79 | $246 | $427 |
| Trading costs (broker commissions) | $13 | $40 | $69 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $91 | $300 | $546 |
| Value after costs | $10,409 | $11,276 | $12,217 |
| Impact on return, per year | 0.91% | 0.91% | 0.91% |
INDSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1207%
- Total broker commissions: $464K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 53%
- Securities lending: none during the year
INDSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $63K | 18.83% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $55K | 16.25% |
| AXIS CAPITAL HOLDINGS | $31K | 9.35% |
| ICICI SECURITIES INC. | $31K | 9.22% |
| Jefferies LLC | $30K | 8.96% |
| EDELWEISS FINANCIAL SERVICES INC. | $29K | 8.52% |
| KOTAK MAHINDRA, INC. | $29K | 8.51% |
| GOLDMAN SACHS & CO. LLC | $27K | 8.00% |
| UBS SECURITIES LLC | $22K | 6.61% |
| EQUIRUS SECURITIES PRIVATE LIMITED | $19K | 5.75% |
Kotak India Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| INDSX | Class II | 0.75% | none |
| INDIX | Class I | 0.93% | none |
| INAAX | Class A | 1.28% | 3.25% |
| INDAX | Investor Shares | 1.28% | none |
| INFCX | Class C | 1.97% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.