Ads
related to: kotak mutual fund best scheme for senior citizens 1- Types of Mutual Funds
Learn the different types of mutual
funds and if they're right for you.
- 6 Risks of Mutual Funds
Do mutual funds belong in your
portfolio? Find out now.
- Retirement Income Guide
Discover how to make your
portfolio work for you!
- Investments in Retirement
Find out some of the best ways
to invest to reach your goals.
- Mutual Fund Pitfalls
Discover the risks that come with
investing in mutual funds.
- Mutual Fund Fees
You may be paying more fees
than you realize. Find out.
- Types of Mutual Funds
Search results
Results From The WOW.Com Content Network
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.
In 2010, he was part of the fund management team at Principal PNB Asset Management Company. At Kotak, he managed four funds with assets under management totaling around Rs 56,000 crore. These funds included the Kotak Small Cap Fund, Kotak Emerging Equity Fund, Kotak Equity Hybrid Fund, and Kotak Business Cycle Fund. [1]
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$95 billion) recorded in December 2013.
The subscriber can choose to invest either, wholly or in combination, in four types of investment schemes offered by the pension fund managers. These are: Scheme E (equity and related instruments): maximum 75% equity exposure; Scheme C (corporate bonds and related instruments): no upper limit, invests only in high-quality corporate bonds ...
In April 2017, Kotak Mahindra Bank acquired Old Mutual's 26% stake in Kotak Mahindra Old Mutual Life Insurance for ₹ 1,292 crore (US$198.4 million), making the life insurance company its wholly-owned subsidiary. [30] In 2021, Kotak Mahindra Bank sold its 8.57% stake in Airtel Payments Bank to Bharti Enterprises for ₹ 295 crore (US$39.81 ...
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]
Ad
related to: kotak mutual fund best scheme for senior citizens 1