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[update], had approximately 74 Lakh investors in various schemes.[6] The fund is a wholly-owned subsidiary of Kotak Mahindra Bank.
Kotak Mutual Fund became a wholly-owned subsidiary of Kotak Mahindra Bank Limited in December 1998. In December 2020, it became the first Indian Mutual House to launch the Global REIT Fund of Fund.[7]
Kotak Mutual Fund 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.[9]
As of 2022[update], it was the 5th largest mutual fund house in India with more than 2.86 lakh crore Assets Under Management. It operated out of 86 branches in India with headquarters in Mumbai, and had around 75 lakhs investor accounts, with a distribution network comprising 50,000 empanelled distributors.[10][11][12][13]