Kotak Mutual Fund

Kotak Mahindra Asset Management Company Limited (KMAMC), a wholly owned subsidiary of Kotak Mahindra bank Limited (KMBL), is the Asset Manager for Kotak Mahindra Mutual Fund (KMMF). KMAMC started operations in December 1998 and has approximately 74 Lac investors in various schemes.[5]

Kotak Mutual Fund
IndustryMutual Fund
Founded1985
HeadquartersMumbai, Maharashtra, India
Area served
India
Key people
Mr. Nilesh Shah (Managing Director)[1],
Mr. Harsha Upadhyaya (CIO Equity),[2]
Ms. Laxmi Iyer (CIO Debt & Head Products),[3]
Mr. Anshul Saigal (Head PMS)[4]
Mr. Manish Mehta - Joint President.
Mr. Kinjal Shah - Head Digital Business and Marketing.
ProductsMutual Fund
Kotak Standard Multicap Fund
Kotak Emerging Equity Fund
Kotak Balanced Advantage Fund
Kotak Tax Saver Fund
Kotak EQ Contra Fund
Number of employees
500+
Websitehttps://www.kotakmf.com/

History

KMAMC has global partners like Old Mutual Life Insurance since 2001 and Sumitomo Mitsui Banking Corporation as the second largest shareholder.

It has 3,693 branches where it offers banking services. It has 86 branches offering mutual funds, 245 branches offering life insurance, 1,315 branches offering securities, 100 branches offering car insurance, 18 branches offering general insurance and 6 branches offering KM Inc. It has a total of 3,693 branches.

The company also has international offices in Abu Dhabi, Dubai, London, New York, Mauritius and Singapore.[6]

Organization

Kotak Group is one of the largest Indian financial services group. It has a market cap of INR 2,692.06 Bn and around 50,000+ employees. Its net worth is INR 764.43 Bn. The parent company of KMAMC, Kotak Mahindra Bank is a constituent of the Nifty 50.

It is one of the first few private firms qualified to manage pension funds in India.[7] It offers services like banking, asset management, investment banking, life insurance, stock broking and general insurance.

Kotak Mahindra Asset Management is a wholly owned subsidiary of Kotak Mahindra Bank Limited (KMBL). It started operation in 1998. Currently, it has an investor base of above 2 million investors.[8] It has a robust distribution network with around 43,000 distributors. The company is present in 82 cities and has 86 branches.[9]

Product & Services

Kotak Mutual Fund follows an institutionalized investment process. It includes investment universe, research, idea generation, company meeting and idea discussion, investment report, portfolio action and on-going review. The fund manager is the decision maker for their portfolios.[10] Its products or schemes include Equity, Tax Saver, Hybrid and Debt related funds.

Similar Companies

A few of the other companies similar to Kotak Mutual Fund in the mutual fund sector are ICICI Prudential Mutual Fund, HDFC Mutual Fund, Axis Mutual Fund, Birla Sun Life Mutual Fund, Reliance Mutual Fund, SBI Mutual Fund & UTI Mutual Fund.

References
  1. "Kotak Mutual Fund appoints Nilesh Shah as MD". Business Standard. 14 January 2015. Retrieved 17 April 2018.
  2. "Harsha Upadhyaya, CIO – Equity, Kotak Mahindra Asset Management". India Infoline. 7 September 2017. Retrieved 17 April 2018.
  3. "Avoid the noise and focus on goals, says Lakshmi Iyer, Kotak Mutual Fund". Economic Indiatimes. 30 August 2017. Retrieved 17 April 2018.
  4. "Betting on 2 themes in next 3-5 years: Anshul Saigal, Kotak Mahindra AMC". Economic Indiatimes. 20 July 2017. Retrieved 17 April 2018.
  5. "About Us". assetmanagement.kotak.com. Retrieved 13 October 2020.
  6. "Kotak set to open first overseas branch in Dubai". domain-b.com. 12 November 2016. Retrieved 23 April 2018.
  7. "Managing Risks and Optimizing Returns". Retrieved 19 April 2018.
  8. "Harsha Upadhyaya, CIO – Equity, Kotak Mahindra Asset Management". 7 September 2017. Retrieved 23 April 2018.
  9. "Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Co Ltd". 19 October 2015. Retrieved 23 April 2018.
  10. "Investors should review their MF portfolio regularly: Nilesh Shah, MD, Kotak Mutual Fund". Economic Times Indiatimes. 1 May 2017. Retrieved 24 April 2018.
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