Kotak Mahindra Mutual Fund
Kotak Mahindra Asset Management Company Limited (KMAMC) is a public limited company registered under the Companies Act, 1956 on August 2, 1994. The company is the asset manager of Kotak Mahindra Mutual Fund (KMMF) and a wholly and a subsidiary of Kotak Mahindra Bank Limited (KMBL).
Kotak Mutual Fund began its operations back in December 1998. It was the first AMC to offer a dedicated gilt fund for investing solely in Government securities.
It provides mutual fund and portfolio management services under SEBI ('Mutual Funds') Regulations, 1996 and SEBI (Portfolio Manager) Regulations, 1993. KMAMC also offers pension fund management services through its subsidiary, the Kotak Mahindra Pension Fund Limited.
Currently, the company offers around 261 schemes catering to the variable risk appetite of investors. It primarily invests in AAA and AA rated companies and possesses a substantial value of assets under management (AuM). KMAMC also provides customers with the option to avail income tax benefits under Section 80C.
As of 31st March 2024, the asset under management of Kotak AMC is more than 3.81 lakh crores.
KMAMC has 86 branches spread over 82 cities in India and has 25.9 lakh unique investors.
Key Information
- Mutual Fund Name
- Kotak Mahindra Mutual Fund
- AMC Setup Date
- 23 June 1998
- AMC Incorporatin Date
- 5 August 1994
- Sponsor Name
- Kotak Mahindra Bank Limited
- Trustee Organization
- Kotak Mahindra Trustee Co. Ltd.
- Name of Trustees
- Chairman
- Mr. Uday Kotak
- CIO
- Mr. Harsha Upadhyaya (E) and Ms. Lakshmi Iyer (D)
- MD and CEO
- Mr. Nilesh Shah
- Compliance Officer
- Ms. Jolly Bhatt
- Investor Service Officer
- Ms. Sushma Mata
List of Kotak Mahindra Mutual Fund in India
Top Fund Managers
1. Devender Singhal
Devendra Singhal has 14 years of experience in fund management and equity research. He primarily concentrates on covering research on media, automobiles, and FMCG sectors at KMAMC. He worked with Kotak Portfolio Management Services before moving to the company’s AMC wing. Mr. Singhal has been in association with the Kotak Group for almost 12 years. He previously worked as a Fund Manager at Religare and Manager at Karvy.
2. Deepak Agrawal
Deepak Agarwal is a Chartered Account and Company Secretary while also holding a post-graduation degree in Commerce. He became part of the fund management team of KMAMC in November 2006. Prior to that, he was in the research and dealing department where he joined back in December 2002.
The top three Kotak Mutual Funds that Deepak Agrawal manages are Kotak Banking and PSU Debt Fund – Growth, Kotak Income Opportunities Fund – Growth, and Kotak Medium Term Fund - Regular Plan – Growth.
3. Abhishek Bisen
Abishek Bisen holds a BA (Management) and MBA (Finance) degree. Hong Kong-based financial magazine The Asset awarded him the Highly Commended Investors in Indian Rupees Bonds twice. Before joining Kotak, Mr. Bisen worked in the Portfolio Advisory and Sales & Trading of Fixed Income Products of the Securities Trading Corporation of India Ltd. He joined KMAMC or October 2006 and manages debt schemes.
The top three funds that Abhishek Bisen manages are Kotak Bond - Regular Plan – Growth, Kotak Gilt - Investment - Regular – Growth, and Kotak Gilt - Investment - PF and Trust – Growth.
Few of the funds that Anupam Tiwari manages are Axis Small Cap Fund, Axis Equity Saver Fund, and Axis Dynamic Equity Fund.
4. Arjun Khanna
Mr. Arjun Khanna is a CFA graduate and FRM, MMS(Finance) & B.E (Electronics). Mr. Arjun Khanna has a rich experience of over 10 years in banking and financial companies. Prior to joining Kotak Mahindra Mutual Fund, he was associated with Principal Mutual Fund and had also worked with Citibank in the past. Mr. Khanna manages 5 funds of Kotak Mahindra Mutual Fund - Kotak Global Emerging Market Fund - Growth, Kotak Pioneer Fund, Kotak International REIT FOF - Growth, Kotak NASDAQ 100 FOF, & Kotak Global Innovation Fund of Fund. He is a holder of the right to use the Chartered Financial Analyst designation and is also a Financial Risk Manager - Certified by the Global Association of Risk Professionals.
5. Pankaj Tibrewal
Pankaj Tibrewal holds an MBA degree in Finance from the Manchester University and is also a Commerce graduate from St. Xavier's College, Kolkata. Mr. Tibrewal became part of the KMAMC back in January 2010.
Mr. Tibrewal is an equity fund manager managing Kotak Monthly Income Plan, Emerging Equity, and Mid-Cap funds. He had earlier managed Kotak MIPs, Principal Tax Saver, and Principal Emerging Bluechip funds.
He has been ranked among the 2016 Top 10 best Equity Fund Managers by Morningstar of the Economic Times. Mr. Tibrewal was also among the 2016 Top Fund Managers of Outlook Business.
He has more than 16 years of experience in the mutual funds sector. Prior to his stint in Kotak, he was the Portfolio Manager of Principal Mutual Fund where he managed MIPs, Principal Tax Saver, and Principal Emerging Bluechip schemes.
6. Harish Krishnan
Harish Krishnan is a Chartered Financial Analyst and a graduate from the Indian Institute of Management, Kozhikode. He is also an Electronics & Communications engineer from the Government Engineering College, Trichur.
Before joining Kotak, he worked with Infosys Technologies Ltd. His early roles in Kotak Bank Mutual Fund included management of the company’s offshore funds in Dubai and Singapore. Mr. Krishnan has around 10 years of experience in fund management and equity research.
He currently manages Kotak50, one of the Flagship products of Kotak Bank Mutual Fund with a track record of more than 15 years.
7. Harsha Upadhyaya
Harsha Upadhyaya is a Chartered Financial Analyst and an MBA in Finance from the Indian Institute of Management, Lucknow. He also holds a Mechanical Engineering from the National Institute of Technology, Suratkal.
Mr. Upadhyaya has been working in fund management and equity research for more than two decades. As of March 2019, he currently oversees assets of more than Rs. 62,500 Crore and manages funds like Kotak Tax Saver, Equity Opportunities, and Standard Multicap.
Before joining Kotak Mutual Fund, he marketed equity funds to institutional and retail investors as well as advised and manages numerous offshore and domestic mandates worth over Rs. 5,200 Crore at DSP BlackRock. Mr. Upadhyaya has also worked with Reliance Group, UTI Asset Management Co. Ltd., SG Asia Securities, and Unit Trust of India.
8. Ms. Shibani Kurian
Ms. Shibani Sircar Kurian has a rich experience spanning over 19 years in the Indian equity markets out of which almost more than 11 years, she has been with Kotak Mahindra Asset Management Company Limited. Her primary responsibilities entail equity fund management and heading the equity research team.
Ms. Shibhani Kurian takes care of 3 funds of Kotak Mahindra Mutual Fund (Regular plans) - Kotak India EQ Contra Fund - Growth, Kotak India Growth Fund Series 7, Kotak Focused Equity fund. Before joining Kotak AMC, she has worked with Dawnay Day AV India Advisors Pvt Ltd and UTI AMC.
Ms. Kurian holds a PGDM (Specialization in Finance) from T.A. Pai Management Institute, and a BSc (Hons) in Economics from St. Xavier's College, Kolkata