Kotak Mutual Fund

Kotak 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 Jan 2021, the asset under management of Kotak AMC is 284617.8 crore.

KMAMC has 86 branches spread over 82 cities in India. and has 25.9 lakh, unique investors.