Introduction To Kotak Mutual Funds
Kotak Mahindra Asset Management Company Limited (KMAMC), a public limited company registered under the Companies Act, 1956 on August 2, 1994, is the asset manager for Kotak Mahindra Mutual Fund (KMMF) and a wholly-owned subsidiary of Kotak Mahindra Bank Limited (KMBL). Kotak Mutual Fund commenced operations in December 1998, becoming the first asset management company in India to launch a dedicated gilt fund focused solely on Government securities. KMAMC offers a comprehensive range of approximately 261 mutual fund schemes, catering to diverse investor risk appetites, with a primary focus on investing in AAA and AA-rated companies. As of March 31, 2023, KMAMC managed assets exceeding ₹2.86 lakh crore, and as of September 30, 2024, its AuM had risen to ₹462,412.54 crores, representing 6.89% of the industry's total.
The company has established 86 branches across 82 cities in India and serves over 25.9 lakh unique investors, supported by a network of over 50,000 distributors. In addition to mutual fund services, KMAMC also provides portfolio and pension fund management services through its subsidiary, Kotak Mahindra Pension Fund Limited. With its strong track record, Kotak Mutual Fund has earned the trust of millions of investors, positioning itself as one of India's leading asset management companies, ranked fifth in terms of quarterly AuM as of June 2023. The Kotak Group, known for its diversified financial services, also includes sectors such as banking, equity brokerage, and life insurance, ensuring a comprehensive approach to meeting various financial needs.
Key Information
| Mutual Fund Name | Kotak Mahindra Mutual Fund |
|---|---|
| Asset Management Company Name | Kotak Mahindra Asset Management Company Limited (KMAMC) |
| Setup Date | June 23,1998 |
| Incorporation Date | August 5, 1994 |
| Headquarters | Mumbai, Maharashtra, India |
| CEO | Mr. Nilesh Shah |
| Investors Relations Officer | Ms. Sushma Mata |
| Total AUM (as of September 30, 2024) | Rs. 4,73,747 Crores |
Top 10 Kotak Mutual Funds Recommended By GetMyIndia Capitals
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