Kotak Mahindra Asset Management Company Limited, a wholly-owned subsidiary of Kotak Mahindra Bank Limited, is the asset manager for Kotak Mahindra Mutual Fund. The Asset Management Company, which was founded in 1998, manages equities, fixed-income, balanced mutual funds, and exchange-traded funds for its clients. The Kotak Mahindra Asset Management Company has over ten million investors in several schemes with distinct risk-reward characteristics. Kotak Mahindra Mutual Fund was the first fund house in India to establish a specialized GILT scheme that invests exclusively in government securities. The business has 84 branches in 80 cities.
Kotak Mahindra Asset Management Company’s aim is to become a responsible participant in the mutual fund industry by providing investors with best-in-class solutions. It seeks to ensure client satisfaction by delivering consistent performance across all of its products.
Features of Kotak Mutual Funds
The following are the key characteristics of the mutual fund schemes offered by the company:
- The organization offers the following types of mutual fund schemes: Equity, Tax Saver, Hybrid, Debt, Liquid and Overnight, FOF, and ETF.
- Entities/individuals can establish Systematic Investment Plans, Systematic Transfer Plans, and Standing Instructions.
- The schemes are designed to satisfy a variety of investor requirements, including wealth development, wealth preservation, capital appreciation, etc.
- A team of seasoned experts examines the available mutual funds and assists applicants in selecting the best funds.
Types of Kotak Mutual Funds
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Kotak Equity Funds
The primary purpose of equity funds is to promote capital appreciation via a diversified portfolio of stock and equity-related assets. Equity mutual funds are a choice for investors with a higher risk tolerance who seek long-term capital appreciation. The reduced risk resulting from the fund’s diversified portfolio and the modest amount of capital necessary to acquire shares in an equity fund makes it an attractive option for small individual investors.
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Kotak Debt Fund
Mutual funds that invest primarily in debt or fixed-income securities, such as money market instruments and corporate bonds, are known as debt mutual funds. The benefits of investing in debt funds include reasonably constant returns, a low-cost structure, relatively high liquidity, and an acceptable level of security. They are favoured by investors who do not wish to participate in a volatile equity market.
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Kotak Hybrid Fund
Mutual funds that invest in both equities and debt products are called hybrid funds. It allows investors to diversify their portfolios using a single investment instrument. The selection of a hybrid fund will depend on the investor’s risk preferences and investment goals. The basic purpose of an equity hybrid fund is to ensure growth by investing in equities and instruments related to equities, while also generating income through debt and money market instruments. The fundamental objective of a debt hybrid fund is to maximize returns by investing primarily in debt instruments while maintaining a moderate exposure to equity and equity-related products.
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Kotak Fund of Fund
Fund of Funds is a mutual fund scheme in which investors’ money is invested in other mutual fund schemes. According to their risk profiles, investment objectives, and return expectations, they are designed to meet the varied needs of various investor segments. Fund of Funds plans provides investors with the option to profit from diversification by investing in a range of fund types.
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Kotak ETFs
Similar to stocks, Exchange Traded Funds (ETFs) are mutual fund schemes that are listed and traded on stock exchanges. They are comprised of a portfolio of stocks and bonds and trade near their net asset value. Exchange Traded Funds provide the security of a mutual fund and the flexibility of a stock, making them a popular choice among investors. The majority of these funds track a commodity, an index, or a pool of assets.
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Kotak Liquid Fund
Mutual funds that invest their capital in short-term market instruments are known as liquid funds. The investment objective of the open-ended Kotak Mahindra Liquid Scheme is to provide moderate returns and high liquidity. The investors’ funds are invested in debt and money market securities with diverse maturities in order to diversify risk across various types of debt market issuers.
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Kotak Tax Saver Fund
Kotak Tax Saver, as the name suggests, is an open-ended equity-linked savings plan that offers tax savings (ELSS). Kotak Tax Saver’s investment objective is to generate long-term capital growth via a diverse portfolio of equities and equity-related securities, in addition to allowing investors to claim the income tax deduction. Individuals looking to invest in a portfolio comprising mostly equities and equity-related securities may consider this choice.
Best Kotak Mahindra Equity Mutual Fund Schemes to Invest in 2022 (as per 3-Year Return)
| Scheme | 3-Year Return | AUM (INR) (CR) |
| Kotak Small Cap Fund | 34.43% | 8,541.34 |
| Kotak Emerging Equity Fund | 26.83% | 22,213.51 |
| Kotak Infrastructure and Economic Reform Fund | 24.73% | 657.52 |
| Kotak Equity Opportunities Fund | 21.09% | 11,215.78 |
| Kotak Tax Saver Fund | 20.67% | 3,025.84 |
| Kotak India EQ Contra | 19.01% | 1,402.59 |
| Kotak Focused Equity Fund | 18.80% | 2,513.24 |
| Kotak Bluechip Fund | 17.80% | 5,183.85 |
| Kotak Flexicap Fund | 15.85% | 37,262.32 |
Source: AMFI (data as of 29/10/2022)
How to Invest in Kotak Mutual Funds?
You can invest in Kotak direct mutual funds online through Kuvera and avoid paying commissions. It is the best platform to invest in mutual funds as it is 100% free and helps you find the right investment for your life goals.
To invest in mutual funds via Kuvera, follow the given steps:
Step 1: Sign up at www.kuvera.in.
Step 2: Complete the KYC requirements and link your bank account.
Step 3: Click on MF in the Explore section to choose mutual funds for investment.
Why KYC Required to Invest in Kotak Mutual Fund?
In 2002, the Reserve Bank of India (RBI) implemented the KYC regulations. These rules were created to reduce corrupt behaviors such as money laundering, fraud, and financing of terrorist activities. Frequently, such actions are conducted through banks and other financial institutions.
With KYC regulations in place, it is easier for banks and other financial institutions to follow their customers and transaction histories. The insurance and commodity trading industries have also implemented the KYC guidelines. For mutual fund and brokerage accounts, the Securities and Exchange Board of India (SEBI) has made KYC compliance essential.
How to Download Mutual Fund Investment Statement?
Please follow these steps to acquire statements for your mutual fund investments from the respective Asset Management Companies (AMCs) via CAMS Online:
- Please visit http://www.camsonline.com.
- Select “Investor Services” from the main menu.
- Select “Mailback Services” from the left-hand menu.
- Select “Consolidated Account Statement – CAMS+Karvy+FTAMIL+SBFS”
- Please provide your registered email address and a password (this does not need to be the password for your email account; this is simply the password that CAMS will use to encrypt the file they will send you).
Within an hour, you will receive your statement through email. Please use the provided password to access the statement. You can also obtain a single folio statement by selecting ‘Single Folio Account Statement’ rather than ‘Consolidated Account Statement’ from the website’s drop-down menu.
Top Kotak Mutual Fund Managers
- Mr Harsha Upadhyaya
Mr. Harsha Upadhyaya handles 5 funds of Kotak Mahindra Mutual Fund. He has close to two decades of experience in Equity Research and Fund Management. His previous employment includes spells with DSP BlackRock, UTI Asset Management, Reliance Group, and SG Asia Securities. Mr. Harsha holds a Bachelor of Engineering (Mechanical) from National Institute of Technology, Suratkal, a Master of Management (Finance) from Indian Institute of Management, Lucknow, and a Chartered Financial Analyst designation from the CFA Institute.
- Mr. Harish Krishnan
Mr. Harish Krishnan runs five mutual funds for Kotak Mahindra. He has ten years of combined expertise in Equity Research and Fund Management. Prior to joining Kotak Mahindra Mutual Fund, he managed Kotak’s offshore funds from Singapore and Dubai. Mr. Harish has also previously worked for Infosys Technologies Ltd. He holds a Bachelor of Technology (Electronics & Communications) from Government Engineering College, Trichur, an MBA from Indian Institute of Management, Kozhikode, and a Chartered Financial Analyst designation from the CFA Institute.
- Mr. Pankaj Tibrewal
Mr. Pankaj Tibrewal oversees 3 funds of Kotak Mahindra Mutual Fund. Various schemes must have distinct expense structures. He possesses a master’s degree in finance from Manchester University and a bachelor’s degree in commerce from St. Xavier’s College, Kolkata. Since 2003, he has worked in the mutual fund market, where he has managed numerous debt and equity schemes. He has been a member of the company since January 2010. Mr. Pankaj previously worked with Principal Mutual Fund.
- Mr Abhishek Bisen
Mr. Abhishek Bisen oversees 12 mutual funds for Kotak Mahindra. Since joining the organization in October 2006, Mr. Abhishek’s primary responsibilities have included the management of debt programs’ funds. Prior to joining Kotak AMC, Abhishek worked for Securities Trading Corporation Of India Ltd, where he was responsible for Fixed Income Product Sales & Trading in addition to Portfolio Advisory. Asset magazine in Hong Kong has recognized him twice as one of the Highly Commended Investors in Indian Rupee Bonds. His educational background includes Bachelor of Arts (Management) and Master of Business Administration (Finance).
- Mr. Deepak Agrawal
Mr. Deepak Agrawal handles 12 funds & All FMPs of Kotak Mahindra Mutual Fund. Mr. Deepak’s career began in December 2002 when he joined Kotak AMC, where he initially worked in Research and Dealing until being promoted to Fund Management in November 2006. Mr. Deepak holds a Postgraduate degree in Commerce, is a Certified Public Accountant, and is a Company Secretary.
- Mr. Devender Singhal
Mr. Devender Singhal oversees the management of thirteen Kotak Mahindra Mutual Funds. Since July 2007, he has been affiliated with the Kotak Group. Since February 2009, he has been responsible for the research coverage of the FMCG, automobile, and media sectors at Kotak AMC. Devender has 14 years of cumulative expertise in equity research and fund management. Devender worked for the PMS departments of Kotak, Religare, Karvy, and P N Vijay Financial Services before joining Kotak AMC.
- Ms. Shibhani Kurian
Ms. Shibhani Kurian administers 2 funds of Kotak Mahindra Mutual Fund. He has 19 years of expertise in the Indian equities markets, including nearly 11 years with Kotak Mahindra Asset Management Company Limited. Her principal responsibilities consist of equity fund management and team leadership. Before joining Kotak Mahindra Asset Management Company Limited, she spent around six years at UTI Asset Management Company Limited and one and a half years at Dawnay Day AV Financial Services. She possesses a PGDM from T.A. Pai Management Institute, Manipal (with a concentration in Finance) and a BSc (Hons) in Economics from St. Xavier’s College, Kolkata.
- Mr. Arjun Khanna
Mr. Arjun Khanna administers 5 funds of Kotak Mahindra Mutual Fund. He possesses over a decade of expertise in banking and financial institutions. Prior to joining Kotak Asset Management Company Limited, he was a research analyst for Principal PNB AMC. He has also worked with Citigroup NA in the past. He holds a Bachelor of Engineering in Electronics from Mumbai University and a Master of Management Studies in Finance from Jamnalal Bajaj Institute of Management. He holds both the Chartered Financial Analyst® and Financial Risk Manager – Certified by the Global Association of Risk Professionals designations.
- Mr. Satidh Dondapati
Mr. Satish Dondapati handles nine mutual funds for Kotak Mahindra. Since March 2008, Mr. Satish Dondapati has been affiliated with the company. His experience in MF Product Development and Sales exceeds fifteen years. Prior to joining Kotak Asset Management Company Limited, he was a member of Centurion Bank Of Punjab’s MF Product Team. Professionals.
- Mr Hiten Shah
Mr. Hiten Shah oversees 3 fund of Kotak Mahindra Mutual Fund Various schemes must have distinct expense structures. He holds an MMS in Finance and has over eleven years of professional experience. Before joining Kotak Mahindra Mutual Fund, he spent over eight years with Edelweiss Asset Management as Co-Fund Manager and Chief Dealer in the equities market. Mr. Hiten Shah was also employed by Edelweiss Securities Ltd. for more than three years as a low-risk arbitrage trader.
Frequently Asked Questions
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What is NAV?
NAV is the price per unit of a mutual fund scheme. Mutual funds are purchased or sold based on NAV. In contrast to share prices, which fluctuate frequently during trading hours, the NAV is determined daily, estimated at the end of the day based on the closing prices of all the securities that each mutual fund scheme owns, after making any necessary adjustments.
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What are focused fund?
A focused mutual fund is a type of equity mutual fund that invests in a restricted number of stocks. According to Securities and Exchange Board of India regulations, these funds may invest in a maximum of 30 equities (SEBI). However, these funds, such as Multicap mutual funds, can invest in any market category, including large cap, mid cap, and small cap.
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