Kotak Mutual Fund

Kotak Mutual Fund
Type	Public
Industry	Mutual Fund
Founded	1985
Headquarters	Mumbai, 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 - Senior Executive Vice President. ; Mr. Kinjal Shah - Head Digital Business and Marketing.
Products	Mutual 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+
Website	online.assetmanagement.kotak.com; www.assetmanagement.kotak.com

Kotak Group was established in 1985 by Mr. Uday Kotak. It caters to financial needs of individuals and the institutional investors across the globe.

History

Kotak Group is the first Indian non-banking financial company to be given license by the Reserve Bank of India. It got the license in February 2003.[5]

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

It has 1,362 branches where it offers banking services. It has 79 branches offering mutual funds, 218 branches offering life insurance, 1,455 branches offering securities, 81 branches offering car insurance, 12 branches offering general insurance and 2 branches offering KM Inc. It has a total of 3,209 branches.

It has international offices in Abu Dhabi, Dubai, London, New York, Texas, California and Singapore.[6]

Organization

Kotak Group is one of the largest Indian financial services group. It has market cap of US$26.98 Bn and around 46,000+ employees. Its net worth is USD 7.05 Bn. It is a constituent of the Nifty 50. It has over 30% promoter group ownership.

It is one of the first few private firms qualified to manage pension funds in India. It has been providing solutions for 15+ years for international clients.[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 1.7 million investors.[8] It has a robust distribution network with around 45,000 distributors. The company is present in 76 cities and has 79 branches.[9]

Product & Services

Kotak Mutual Funds 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] It has the following products Equity, Tax Saver, Hybrid and Debt.

Major competitors

A few of the competitors for Kotak Mutual Fund in the mutual fund sector are ICICI Prudential Mutual Fund, HDFC Mutual Fund, Birla Sun Life Mutual Fund, Reliance Mutual Fund, SBI Mutual Fund & UTI Mutual Fund.

References

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

External links

Official website

Template:Kotak mutual fund customer care

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[nilesh-1] "Kotak Mutual Fund appoints Nilesh Shah as MD". Business Standard. 14 January 2015. Retrieved 17 April 2018.

[harsha-2] "Harsha Upadhyaya, CIO – Equity, Kotak Mahindra Asset Management". India Infoline. 7 September 2017. Retrieved 17 April 2018.

[laxmi-3] "Avoid the noise and focus on goals, says Lakshmi Iyer, Kotak Mutual Fund". Economic Indiatimes. 30 August 2017. Retrieved 17 April 2018.

[anshul-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] "Kotak Mahindra overtakes SBI as the second-most valuable bank by market cap". domain-b.com. 17 April 2018. Retrieved 19 April 2018.

[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.