Kotak Mahindra Mutual Fund is among the top 10 Asset Management Companies (AMC) in India in terms of Assets under Management (AuM) size.
The fund house’s Average Assets Under Management in the December 2020 quarter was INR 21,622,792.11.
The asset manager of Kotak Mahindra Mutual Fund (KMMF) is Kotak Mahindra Asset Management Company Limited (KMAMC), a wholly-owned subsidiary of Kotak Mahindra Bank Limited.
The Kotak Mahindra Group was established in 1985 and has a legacy of over thirty years in the financial sector.
The group received a banking license in 2003 and earned the distinction of becoming the first-ever non-banking financial company to get a banking license.
The Kotak Mahindra Group’s consolidated net worth exceeds US$ 5 billion. It provides services in commercial banking, mutual funds, stockbroking, investment banking, and life insurance.
Besides hundreds of branches, the group also has an International Business Unit in Gujarat’s GIFT City and several international offices in Singapore, Mauritius, Dubai, London, New York, and Abu Dhabi.
Kotak Mahindra AMC launched its operations in December 1998 and presently has over 74 lakh active investors investing in various mutual fund schemes.
It has more than 85 branches in more than 82 Indian cities targeting all categories of investors.
According to industry estimates, almost 95% of DSP mutual fund schemes provide benchmark-beating returns in their category. Kotak Mahindra AMC is the first AMC in India to launch a gilt scheme that invests solely in government securities.
Kotak Mahindra Mutual Fund offers mutual fund schemes in the following categories:
- Equity – 13 nos.
- Debt – 12 nos.
- Hybrid – 5 nos.
- Tax Saver – 1 no.
- Liquid and Overnight Scheme – 1 no.
- Fund of Funds – 3 nos.
- Exchange-Traded Funds (ETF) – 6 nos.
- Index Funds – 1 no.
Important information about Kotak Mahindra mutual fund
| Mutual Fund Name | Kotak Mahindra Mutual Fund |
| Established On | 23rd June 1998 |
| Date of Incorporation | 5th August 1994 |
| Sponsor | Kotak Mahindra Bank Limited |
| Trustee | Kotak Mahindra Trustee Co. Ltd. |
| Directors, Trustee Company | Mr Amit Krishnakant Desai Mr Sharadkumar Bhatia Mr Chandrashekhar Sathe Mr Uday Phadke |
| Directors, Asset Management Company | Mr Uday S. Kotak Mr Nilesh Shah Mr Chengalath Jayaram Mr Gaurang Shah Mr Nalin Shah Mr Sanjiv Malhotra Ms Anjali Bansal Mr Krishnakumar Natarajan |
| Chairman | Mr. Uday Kotak |
| Group President & Managing Director, KMAMC | Mr. Nilesh Shah |
| Chief Operations Officer | Mr. R. Krishnan |
| Compliance Officer & Company Secretary | Ms. Jolly Bhatt |
| Chief Investment Officer ( Debt) & Head Products | Ms. Lakshmi Iyer |
| Sr. Vice President & Fund Manager – Equity | Mr. Harish Krishnan |
| Investor Service Officer | Ms. Sushma Mata |
| Registrar | Computer Age Management Services Ltd. Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002 Phone: 1800-3010-6767 / 1800-419-7676 Fax: 044-30407101 Email: enq_h@camsonline.com Website: www.camsonline.com |
| Auditors | Grant Thornton India LLP 9th Floor, Classic Pentagon, Near Bisleri, Western Express Highway, Andheri (E), Mumbai – 400 099 |
| Custodians | Deutsche Bank AG Deutsche Bank House, Hazarimal Somani Marg, Fort Mumbai 400 001 Standard Chartered Bank 23/25, M. G. Road |
| AMC Address | Kotak Mahindra Asset Management Company Ltd Address: 27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra (E) Mumbai – 400051 |
| Phone Number | 022-61152100 / 1800-22-2626 |
| Fax | 022-66384455 |
| mutual@kotak.com | |
| Website | http://www.kotakmutual.com |
Ten top-performing Kotak Mahindra mutual fund schemes
Kotak Mahindra Mutual Fund schemes have consistently generated gravity-defying returns across all timeframes. Most of its schemes have beaten the benchmark in their category.
The following are the top 10 Kotak Mutual Fund schemes that give the best returns.
1. Kotak Small Cap Fund (Category – Equity: Small Cap)
This open-ended fund invests in high-quality small-sized companies that have tremendous growth potential.
The fund has a NAV of 117.4490 (Regular Growth) (as of 19th April 2021), and is one of the top-performing funds in the ‘Equity: Small Cap’ category.
The fund was launched on 24th February 2005 and has given trailing returns of 105% in one year (as of 19th April 2021). The fund considers the NIFTY Smallcap 100 TRI as its benchmark.
Key information
| Minimum Investment | INR 5,000 |
| Minimum Additional Investment | INR 1,000 |
| Minimum SIP Investment | INR 1,000 |
| Minimum Withdrawal | INR 1,000 |
| Exit Load | 1% for withdrawals before 365 days |
| Return Since Inception (24th February 2005): | INR 3,423 Crore (as of 31st March, 2021) |
| Assets | 2.20% (as of 31st March, 2021) |
| Expense Ratio | 2.20% (as on 31st March, 2021) |
2. Kotak Pioneer Fund (Category – Equity: Thematic)
This open-ended fund invests in overseas mutual funds and Indian companies with innovative business ideas and growth potential.
The fund has a NAV of 15.2040 (Regular Growth) (as of 19th April 2021), and is one of the top-performing funds in the ‘Equity: Thematic’ category.
The fund was launched on 31st October 2019 and has given trailing returns of 81.32% in one year (as of 19th April 2021).
The fund considers the Kotak India Pioneering Innovations Index (85), and MSCI ACWI Information Technology TRI (15) as its benchmark.
Key information
| Minimum Investment | INR 5,000 |
| Minimum Additional Investment | INR 1,000 |
| Minimum SIP Investment | INR 1,000 |
| Minimum Withdrawal | INR 1,000 |
| Exit Load | 1% for withdrawals before 365 days |
| Return Since Inception (31st October 2019): | 2.36% (as of 31st March 2021) |
| Assets | 2.36% (as of 31st March, 2021) |
| Expense Ratio | INR 914 Crore (as of 31st March 2021) |
3. Kotak Emerging Equity Fund (Category – Equity: Mid Cap)
This open-ended fund invests in high-quality mid-sized companies with good fundamentals. This open-ended fund has a NAV of 56.4960 (Regular Growth) (as of 19th April 2021), and is one of the top-performing funds in the ‘Equity: Mid Cap’ category.
The fund was launched on 30th March 2007 and has given trailing returns of 74.61% in one year (as of 19th April, 2021). The fund considers the NIFTY Midcap 100 TRI as its benchmark.
Key information
| Minimum Investment | INR 5,000 |
| Minimum Additional Investment | INR 1,000 |
| Minimum SIP Investment | INR 1,000 |
| Minimum Withdrawal | INR 1,000 |
| Exit Load | 1% for withdrawals before 365 days |
| Return Since Inception (30th March 2007): | 13.10% (as of 19th April 2021) |
| Assets | INR 10,938 Crore (as of 31st March 2021) |
| Expense Ratio | 1.85% (as of 31st March 2021) |
4. Kotak NV 20 ETF (Category – Equity: Large Cap)
This open-ended fund invests in top-class companies in the large-cap segment. The fund has a NAV of 78.8651 (IDCW) (as of 19th April 2021), and is one of the top-performing funds in the ‘Equity: Large Cap’ category.
The fund was launched on 2nd December 2015 and has given trailing returns of 62.42% in one year (as of 19th April, 2021). The fund considers the NIFTY 50 Value 20 TRI as its benchmark.
Key information
| Minimum Investment | INR 5,000 |
| Minimum Additional Investment | INR 1,000 |
| Minimum SIP Investment | – |
| Minimum Withdrawal | – |
| Exit Load | Nil |
| Return Since Inception (2nd December 2015): | 16.56% (as of 19th April 2021) |
| Assets | INR 19 Crore (as of 31st March 2021) |
| Expense Ratio | 0.14% (as of 31st March 2021) |
5. Kotak Infrastructure and Economic Reform Fund – Standard Plan (Category – Equity: Sectoral – Infrastructure)
This open-ended fund invests in companies that can benefit from the infrastructural reform. The fund has a NAV of 23.9400 (Regular Growth) (as of 19th April 2021), and is one of the best-performing funds in the ‘Equity: Sectoral – Infrastructure’ category.
The fund was launched on 25th February 2008 and has given trailing returns of 60.38% in one year (as of 19th April, 2021). The fund considers the India Infrastructure TRI as its benchmark.
Key information
| Minimum Investment | INR 5,000 |
| Minimum Additional Investment | INR 1,000 |
| Minimum SIP Investment | INR 1,000 |
| Minimum Withdrawal | INR 1,000 |
| Exit Load | 1% for withdrawals before 365 days |
| Return Since Inception (25th February 2008): | 2.50% (as of 31st March 2021) |
| Assets | 2.50% (as of 31st March, 2021) |
| Expense Ratio | INR 341 Crore (as of 31st March 2021) |
6. Kotak India EQ Contra Fund (Category – Equity: Value Oriented)
This open-ended contrarian fund invests in companies with high growth potential but not much participation in the sectoral rally.
The fund has a NAV of 67.7280 (Regular Growth) (as of 19th April 2021) and is one of the top-performing funds in the ‘Equity: Value Oriented’ category.
The fund was launched on 27th July 2005 and has given trailing returns of 57.83% in one year (as of 19th April 2021). The fund considers the NIFTY 100 TRI as its benchmark.
Key information
| Minimum Investment | INR 5,000 |
| Minimum Additional Investment | INR 1,000 |
| Minimum SIP Investment | INR 1,000 |
| Minimum Withdrawal | INR 1,000 |
| Exit Load | 1% for withdrawals before 365 days |
| Return Since Inception (27th July 2005): | 2.35% (as of 31st March 2021) |
| Assets | 2.35% (as of 31st March, 2021) |
| Expense Ratio | INR 943 Crore (as of 31st March 2021) |
7. Kotak Bluechip Fund (Category – Equity: Large Cap)
This open-ended contrarian fund invests in large-cap companies with high growth potential. The fund has a NAV of 305.8890 (Regular Growth) (as of 19th April 2021), and is one of the top-performing funds in the ‘Equity: Large Cap’ category.
The fund was launched on 29th December 1998 and has given trailing returns of 54.73% in one year (as of 19th April 2021). The fund considers the NIFTY 50 TRI as its benchmark.
Key information
| Minimum Investment | INR 1,000 |
| Minimum Additional Investment | INR 1,000 |
| Minimum SIP Investment | INR 100 |
| Minimum Withdrawal | INR 1,000 |
| Exit Load | 1% for withdrawals before 365 days |
| Return Since Inception (29th December 1998): | INR 2,357 Crore (as of 31st March, 2021) |
| Assets | INR 2,357 Crore (as of 31st March 2021) |
| Expense Ratio | 2.33% (as of 31st March 2021) |
8. Kotak Equity Hybrid Fund (Category – Hybrid: Aggressive Hybrid)
This open-ended hybrid fund invests up to 80% of your money in equity stocks and the rest in bonds and high-quality debt instruments.
The fund has a NAV of 19.7240 (Regular Growth) (as on 19th April, 2021), and is one of the top-performing funds in the ‘Hybrid: Aggressive Hybrid’ category.
The fund was launched on 25th November 1999 and has given trailing returns of 53.47% in one year (as on 19th April, 2021). The fund considers the NIFTY 50 Hybrid Composite Debt 65:35 as its benchmark.
Key information
| Minimum Investment | INR 5,000 |
| Minimum Additional Investment | INR 1,000 |
| Minimum SIP Investment | INR 1,000 |
| Minimum Withdrawal | INR 1,000 |
| Exit Load | 1% for withdrawals before 365 days |
| Return Since Inception (25th November 1999): | 14.27% (as on 19th April, 2021) |
| Assets | INR 1,380 Crore (as on 31st March, 2021) |
| Expense Ratio | 2.23% (as on 31st March, 2021) |
9. Kotak Global Emerging Market Fund (Category – Equity: International)
This open-ended hybrid fund invests in foreign companies’ shares. The fund has a NAV of 23.7030 (Regular Growth) (as of 19th April 2021), and is one of the top-performing funds in the ‘Equity: International’ category.
The fund was launched on 26th September 2007 and has given trailing returns of 55.47% in one year (as of 19th April 2021). The fund considers the MSCI Emerging Markets as its benchmark.
Key information
| Minimum Investment | INR 5,000 |
| Minimum Additional Investment | INR 1,000 |
| Minimum SIP Investment | INR 1,000 |
| Minimum Withdrawal | INR 1,000 |
| Exit Load | 1% for withdrawals before 365 days |
| Return Since Inception (26th September 2007): | INR 128 Crore (as of 31st March, 2021) |
| Assets | 6.57% (as of 19th April 2021) |
| Expense Ratio | INR 128 Crore (as of 31st March 2021) |
10. Kotak Focused Equity Fund (Category – Equity: Flexi Cap)
This open-ended fund invests in quality companies across sectors that have the potential for healthy growth. The fund has a NAV of 13.1670 (Regular Growth) (as of 19th April 2021), and is one of the top-performing funds in the ‘Equity: Flexi Cap’ category.
The fund was launched on 16th July 2019 and has given trailing returns of 51.59% in one year (as of 19th April 2021). The fund considers the NIFTY 200 TRI as its benchmark.
Key information
| Minimum Investment | INR 5,000 |
| Minimum Additional Investment | INR 1,000 |
| Minimum SIP Investment | INR 1,000 |
| Minimum Withdrawal | INR 1,000 |
| Exit Load | 1% for withdrawals before 365 days |
| Return Since Inception (16th July 2019: | 2.19% (as on 31st March 2021) |
| Assets | INR 1,865 Crore (as of 31st March 2021) |
| Expense Ratio | 2.19% (as of 31st March 2021) |
How can you invest in the Kotak Mahindra mutual fund via EduFund?
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You can quickly invest in a Kotak Mahindra mutual fund scheme by following the below-mentioned steps.
Step 1: Download the EduFund app on Google Play Store or Apple App Store and create an account.
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Step 4: You may talk to a counselor to figure out the best scheme for your financial goals. EduFund’s counselors assess your requirements and scan multiple data points to recommend the best Kotak Mahindra mutual fund scheme(s) for you.
Seven best-performing fund managers at Kotak Mahindra Mutual fund
1. Mr. Abhishek Bisen
Mr. Abhishek Bisen, Senior Vice President, of Kotak Mahindra Asset Management Company (KMAMC), joined the company in 2006. His educational qualifications include B.A. (Management) and MBA (Finance).
Before joining KMAMC, he worked with the Securities Trading Corporation Of India Ltd. He looks after eight (8) schemes of KMAMC, including Kotak Debt Hybrid, Kotak Equity Hybrid, Kotak Gold ETF, Kotak Balanced Advantage Fund, and Kotak Equity Savings.
2. Mr. Deepak Agrawal
Mr. Deepak Agrawal, Senior Vice President, Kotak Mahindra Asset Management Company (KMAMC), started his career with Kotak AMC in December 2002.
He was initiated into research and dealing, and in November 2006, he entered into fund management.
Mr. Agrawal’s educational qualifications include M.Com, CA, and C.S. He manages all Fixed Maturity Plans and twelve (12) funds of KMAMC, including Kotak Dynamic Bond Fund, Kotak Floating Rate Fund, Kotak Banking, and PSU Debt Fund, Kotak Money Market Fund, and Kotak Liquid Fund.
3. Mr. Harsha Upadhyaya
Mr. Harsha Upadhyaya, Chief Investment Officer – Equity, Kotak Mahindra Asset Management Company (KMAMC), has over twenty years of fund management and equity research experience.
His educational qualifications include a B.E. (Mechanical) from the National Institute of Technology, Suratkal, PGDM Finance (IIM, Lucknow), and CFA (CFA Institute, USA). Before joining KMAMC, he worked for several financial organizations like UTI Asset Management, DSP BlackRock, SG Asia Securities, and the Reliance Group.
Mr. Upadhyaya looks after four (4) funds of KMAMC, including Kotak Equity Opportunities Fund, Kotak Tax Saver Fund, Kotak Standard Multicap Fund, and Kotak ESG Opportunities Fund.
4. Mr. Harish Krishnan
Mr. Harish Krishnan, Sr. Vice President & Fund Manager – Equity, Kotak Mahindra Asset Management Company (KMAMC), has over a decade of fund management and equity research experience.
Before joining Kotak Mutual Fund, he managed Kotak’s offshore funds in Dubai and Singapore. He also worked with Infosys Technologies Ltd.
His educational qualifications include B.Tech ECE (GEC, Trichur), PGDM (IIM, Kozhikode), and CFA (CFA Institute, USA).
Mr. Krishnan manages seven (7) funds of KMAMC, including Kotak Pioneer Fund, Kotak Bluechip Fund, Kotak Focused Equity Fund, Kotak India Growth Fund Series 5, and Kotak Infrastructure & Economic Reform Fund.
5. Mr Pankaj Tibrewal
Mr. Pankaj Tibrewal, Sr. Vice President & Fund Manager (Equity), Kotak Mahindra Asset Management Company (KMAMC), holds the distinction of being featured in the Outlook Business list of top-10 fund managers in India for four consecutive years between 2016 and 2019.
His educational qualifications include B.Com (St. Xavier’s College, Kolkata) and a Master’s in Finance (Manchester University, U.K.). Mr. Tibrewal has over 17 years of experience in managing several equity and debt schemes. Before joining KMAMC, he served as Principal Mutual Fund.
He looks after three (3) funds at KMAMC, including Kotak Small Cap Fund, Kotak Equity Hybrid Fund, and Kotak Emerging Equity Fund.
6. Ms Shibani Sircar Kurian
Ms. Shibani Sircar Kurian, Fund Manager – Equity, Kotak Mahindra Asset Management Company (KMAMC), has more than twenty (20) years of experience in equity markets. She presides over equity research at KMAMC.
Her primary responsibility is to track the banking, financial services, and Information Technology sectors. Before joining KMAMC, she worked with UTI Mutual Fund and Dawnay Day A.V. Financial Services. Her educational qualifications include B.Sc. Economics Hons. (St. Xavier’s College, Kolkata) and PGDM Finance (T.A. Pai Management Institute, Manipal).
Ms. Kurian manages three (3) mutual fund schemes in KMAMC, including Kotak India EQ Contra Fund, Kotak Focused Equity Fund, and Kotak India Growth Fund Series 7.
7. Mr Devender Singhal
Mr Devender Singhal, Fund Manager – Equity, joined Kotak Mahindra Asset Management Company in July 2007. He has fourteen (14) years of experience in fund management and equity research in several financial institutions like Kotak Securities Ltd., Religare, Karvy, P N Vijay Financial Services Pvt Ltd, and Dundee Mutual Fund.
His educational qualifications include B.Sc. Maths (Delhi University) and PGDM Finance (FORE School of Management, New Delhi).
He manages eight (8) funds at KMAMC, including Kotak Debt Hybrid Fund, Kotak India Growth Fund Series-4, Kotak NV20 ETF, Kotak Banking ETF, and Kotak PSU Bank ETF.
Why should you invest in Kotak Mahindra Mutual Fund?
Kotak Mahindra Mutual Fund offers various schemes across asset classes. The fund house is present in 80 cities, where it has over 84 branches. Several of its schemes have provided benchmark-beating returns since inception and across all timeframes.
The AMC also provides many educational resources for new and experienced mutual fund investors on its website. Hence, you should invest in Kotak Mahindra mutual fund to get decent returns on your investment.
Select EduFund for investing in Kotak Mahindra mutual fund
EduFund eliminates the need to browse all Kotak Mahindra mutual fund schemes, as it scans one lakh data points and 400 financial scenarios to help you pick the best scheme for you.
EduFund enables you to set a financial goal, such as children’s higher education, and its free calculator helps you calculate the cost.
Once you have determined the cost, you can check which Kotak Mahindra mutual fund scheme(s) can help grow your capital.
You may also speak to a counselor for free, who will happily guide you in finding the best scheme.
EduFund’s educational resources and free tools are meant to make Kotak Mahindra mutual fund investments simpler for you.
And, EduFund’s 128-SSL security parameter guarantees 100% safe transactions and secure portfolio management.
FAQs
Which is the best Kotak Mahindra fund?
Top-rated Kotak Mahindra mutual funds:
Kotak Small Cap Fund (Category – Equity: Small Cap)
Kotak Pioneer Fund (Category – Equity: Thematic)
Kotak Emerging Equity Fund (Category – Equity: Mid Cap)
Kotak NV 20 ETF (Category – Equity: Large Cap)
Kotak Infrastructure and Economic Reform Fund – Standard Plan (Category – Equity: Sectoral – Infrastructure)
Is Kotak mutual fund safe?
Kotak Mahindra Mutual Fund offers various schemes across asset classes. The fund house is present in 80 cities, where it has over 84 branches. Several of its schemes have provided benchmark-beating returns since inception and across all timeframes.
The AMC also provides many educational resources for new and experienced mutual fund investors on its website. Hence, you can consider investing in Kotak Mahindra mutual fund to get decent returns on your investment. Please talk to a financial expert before investing in this fund.
Can I withdraw the mutual fund anytime?
You can withdraw your mutual fund investment anytime unless it’s Equity Linked Saving Scheme (ELSS) which has a lock-in period of 3 years. But investors should keep in mind if there is any exit load applicable on investments which is the charge deducted by AMCs to discourage investors from withdrawing the money prematurely.
Which is better MF or SIP?
There are two types of investments in a mutual fund- Lump sum and SIP. Lump sum investments are best suited in ELSS, where they draw higher returns when the market is steady. SIPs usually perform better in a volatile market.
Disclaimer
The data in this presentation are meant for general reading purposes only and are not meant to serve as a professional guide/investment advice for the readers. This presentation has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable.
Whilst no action has been suggested or offered based upon the information provided herein, due care has been taken to endeavor that the facts are accurate and reasonable as of date. The information placed on the presentation is for informational purposes only and does not constitute an offer to sell or buy a security.
The Company reserves the right to make modifications and alterations to the content available on the presentation. Readers are advised to seek independent professional advice and arrive at an informed investment decision before making any investment.
Investment in the securities market is subject to market risks, read all the related documents carefully before investing. Past performance of securities/instruments is not indicative of their future performance. The valuation of securities may increase or decrease depending on the factors affecting the securities market.
