Kotak Mutual Fund


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.
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.

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. 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. It started operation in 1998. Currently it has an investor base of above 1.7 million investors. It has a robust distribution network with around 45,000 distributors. The company is present in 76 cities and has 79 branches.

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. 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.