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Kotak Mutual Fund is an Indian mutual fund that is managed by Mahindra Asset Management Company (KMAMC). KMAMC started operations in December 1998 and as of 2018, had approximately 74 Lakh investors in various schemes. [6] The fund is a wholly-owned subsidiary of Kotak Mahindra Bank.
HDFC Mutual Fund HDFC Gold Exchange Traded Fund (NSE: HDFCMFGETF) Invesco India. Invesco India Nifty Exchange Traded Fund (NSE: IVZINNIFTY) Invesco India Gold Exchange Traded Fund (NSE: IVZINGOLD) Kotak Mutual Fund. Kotak Mutual Fund - Gold Exchange Traded Fund (NSE: KOTAKGOLD) Kotak Mutual Fund - PSU Bank Exchange Traded Fund (NSE: KOTAKPSUBK)
The total Assets Under Management (AUM) of the Indian mutual fund industry as of December 31, 2023, stood at a staggering ₹ 50.78 trillion (US$590 billion). This is a significant milestone, marking over a six-fold increase compared to the ₹ 8.26 trillion (US$97 billion) recorded in December 2013.
A systematic investment plan (SIP) is an investment vehicle offered by many mutual funds to investors, allowing them to invest small amounts periodically instead of lump sums. The frequency of investment is usually weekly, monthly or quarterly.
Over time, Kotak Emerging Equity grew to become the second-largest midcap fund in India, while Kotak Small Cap Fund became the country's fifth-largest small-cap fund. [ 6 ] [ 7 ] In 2017, Pankaj was listed among the top 10 mutual fund managers by the Economic Times . [ 8 ]
Mahindra AMC Pvt Ltd is the Investment Manager for Mahindra Mutual Fund. It started its operation in July 2016, with an AUM of ₹120 crore. Currently its NAV is floating around ₹1000. Mahindra Mutual Fund endeavors to offer a variety of mutual fund schemes pan India, with special focus in rural and semi-urban areas. [12]
In March 2017, Kotak Mahindra Bank launched an online savings account called Kotak 811, [26] named after the date Prime Minister Narendra Modi had announced demonetisation in the previous year (8 November), which according to Uday Kotak was "the day that changed India." [27] [28] Kotak 811 helped the bank double its number of customers by ...
The Kotak Mahindra Group was founded in 1985 as a provider of financial services. [8] [9] In February 2003, Kotak Mahindra Finance Ltd (KMFL), the Group's flagship company, received banking license from the Reserve Bank of India (RBI) to conduct banking operations in the country and was renamed as Kotak Mahindra Bank, the parent company of Kotak Life Insurance. [10]