Kotak Mutual Fund
Overview:
Kotak Mahindra Asset Management Company Limited (KMAMC) is a prominent player in the Indian mutual fund industry, serving as a wholly-owned subsidiary of Kotak Mahindra Bank Limited. Established in December 1998, KMAMC has quickly risen to become the 5th largest mutual fund in India, based on quarterly Assets Under Management (AUM) as of March 2023.
Key Highlights:
- Established: KMAMC was registered as a public limited company on August 2, 1994, under the Companies Act of 1956, and began its operations in the mutual fund sector in December 1998.
- Distribution Network: The company boasts a robust distribution network with over 50,000 empanelled distributors, ensuring extensive reach and accessibility for investors.
- Investor Base: KMAMC serves a large investor base of over 8.1 million investors, reflecting its popularity and trust among retail and institutional investors.
Product Offering:
KMAMC provides a comprehensive suite of investment products, offering around 261 schemes that cater to various risk-return profiles. This diversity allows investors to choose products that align with their financial goals and risk appetite. The mutual fund offerings include:
- Dedicated gilt funds for investing solely in government securities.
- Portfolio management services under SEBI regulations.
- Pension fund management services through its subsidiary, Kotak Mahindra Pension Fund Limited.
Investment Strategy:
KMAMC primarily invests in AAA and AA rated companies, ensuring a focus on quality and stability in its investment selections. The company also provides income tax benefits under Section 80C, making its offerings attractive for tax-saving investments.
Global Partnerships:
- Current Partner: Sumitomo Mitsui Banking Corporation.
- Past Partners: Goldman Sachs, Ford Credit International, and Old Mutual Life Insurance.
Performance:
As of 31st March 2024, KMAMC manages assets exceeding INR 3.81 lakh crores, underscoring its significant presence in the mutual fund landscape. The company's growth and market share reflect its strong operational framework and commitment to delivering value to its investors.
Conclusion:
Kotak Mahindra Asset Management Company Limited continues to be a key player in the asset management sector, with a rich history, a comprehensive range of products, and a commitment to providing exceptional service. Its robust distribution network and large investor base position it well for sustained growth and success in the Indian mutual fund market.
Step by Step Guide to invest in
Kotak Mutual Fund
How to Invest in Kotak Mutual Funds online with Miles Wealth?
Investing in Kotak Mutual Funds through Miles Wealth is a simple, quick, and secure process, designed to give you full control over your investment decisions. Whether you prefer to explore curated fund recommendations tailored to your risk profile and financial goals, or select funds from a wide range of options, the process is straightforward.
Here's a step-by-step guide to get started:
Step 1: Download the Miles Wealth App
Start by downloading the Miles Wealth app. If you're an existing user, simply log in. New users can complete a quick and seamless registration process to create their account.
Step 2: Complete Your KYC
KYC (Know Your Customer) is a one-time, mandatory requirement to start investing. It is a fast, easy and online process that typically takes around 5 minutes. Keep your PAN card, Aadhaar card, bank account details, and Digilocker credentials handy to ensure smooth completion.
Step 3: Set Up Nominee Information
Add nominee details and allocate percentages. If you are assigning just one nominee, allocate 100%. If there are multiple nominees, distribute the percentage allocation accordingly.
Step 4: Browse or Search for Mutual Funds
You can either search for a specific mutual fund or explore our personalized collections, which are curated based on your risk tolerance and financial objectives. If you prefer, you can modify the recommendations and invest in any fund or AMC of your choice.
Step 5: Choose Investment Type (SIP or One-Time)
Decide whether to invest through a Systematic Investment Plan (SIP) or as a one-time investment. Enter your desired investment amount. For SIPs, choose the date for monthly debits from your bank account. To make the process even easier, we recommend setting up an e-mandate for automatic monthly investments.
Step 6: Review and Confirm Your Investment
Before finalizing, review your investment details, then confirm the order and make the payment. That's it! You have successfully invested.
Step 7: Track Your Portfolio
Once your investment is confirmed, it will reflect in your Miles Wealth account within 3-4 working days. You can track the performance of your portfolio and manage your investments directly from the app.
Need Assistance?
If you encounter any issues or have questions, our support team is ready to help. Simply drop us an email at support@mileswealth.in, and we'll get back to you promptly.
Why Choose Miles Wealth?
- Personalised Investing: We suggest funds that match your financial goals and risk level, making investing easy and personal.
- No Expertise Needed: You don't need prior knowledge - our platform simplifies everything for you.
- No More Guesswork: Stop relying on social media or friends' advice. Miles Wealth gives you clear, data-driven recommendations you can trust. We are AMFI licensed.
- Wealth Creation: Our goal is simple - help you build lasting wealth with smart, personalized investments.
- Regular Funds: We are AMFI Registered Mutual Fund Distributor, and we offer regular funds that align with your risk tolerance to help you achieve the best possible portfolio returns.
P.S. We earn only 0.5%-0.75% annually on the AUM we manage - so it's not expensive.
Your journey to wealth creation is just a few clicks away. Start investing with confidence today!
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Best Fund Managers at
Kotak Mutual Fund
Fund Manager
Abhishek Bisen
Arjun Khanna
Atul Bhole
Deepak Agrawal
Devender Singhal
Dhananjay Tikariha
Harish Bihani
Harsha Upadhyaya
Hiten Shah
Jeetu Valechha Sonar
Mandar Pawar
Manu Sharma
Rohit Tandon
Nalin Rasik Bhatt
Satish Dondapati
Shibani Sircar Kurian
Sunit Garg
Years with AMC
16.5
5.4
0.7
18
9.1
0.9
1
12.2
5
2.6
0.7
1.9
0.7
1
5.4
5.4
1.9
Too many options leads to confusion.
Avoid confusion, Try Miles Wealth!