Kotak Mahindra Asset Management Company Limited (KMAMC), is the

asset manager Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...

for Kotak Mahindra Mutual Fund (KMMF). KMAMC started operations in December 1998 and has approximately 74 lac investors in various schemes.

History

Kotak Mutual Fund is a wholly-owned subsidiary of Kotak Mahindra Bank Limited, and was established in December 1998. In December 2020 it became the first Indian Mutual House to launch Global REIT Fund of Fund.

Organization

It is one of the first few private firms qualified to manage

pension funds A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income. Pension funds typically have large amounts of money to invest and are the major investors in listed and priva ...

India India, officially the Republic of India ( Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the ...

. It offers services like

banking A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

asset management Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...

investment banking Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with ...

, life insurance,

stock broking In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

and general insurance. Currently, it has an investor base of above 2 million investors. It has a distribution network of around 43,000 distributors. The company is present in 82 cities and has 86 branches. It is currently the 5th largest mutual fund house in the country with more than 2.86 lakh crore Assets Under Management. It currently operates out of 86 branches in India with headquarters in Mumbai, and has around 75 lakhs investor accounts, with a distribution network comprising 50000 empanelled distributors. It is currently managing more than 73000 of equity assets.

Products and services

Kotak Mutual Fund follows an institutionalized investment process. It includes investment universe,

research Research is "creative and systematic work undertaken to increase the stock of knowledge". It involves the collection, organization and analysis of evidence to increase understanding of a topic, characterized by a particular attentiveness t ...

, 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.

References

{{Major asset management companies Mutual funds of India Financial services companies based in Mumbai Kotak Mahindra Bank 1985 establishments in Maharashtra Indian companies established in 1985 Financial services companies established in 1985

History

Organization

Products and services

See also

References