Kotak Mahindra Mutual Fund: Latest MF Schemes, NAV, Performance & Returns 2024
Introduction
Kotak Mahindra Asset Management Company Limited (KMAMC) is a renowned name in India’s mutual fund landscape, established on August 2, 1994, under the Companies Act, 1956. As the asset manager for Kotak Mahindra Mutual Fund (KMMF), KMAMC operates as a key subsidiary of Kotak Mahindra Bank Limited (KMBL).
The journey of Kotak Mutual Fund started in December 1998, marking its presence as the first to introduce a dedicated gilt fund focused exclusively on Government securities. KMAMC is regulated under the SEBI (‘Mutual Funds’) Regulations of 1996 and the SEBI (Portfolio Manager) Regulations of 1993, offering a spectrum of mutual fund and portfolio management services. Additionally, it extends pension fund management through its subsidiary, Kotak Mahindra Pension Fund Limited.
Kotak AMC prides itself on offering a diverse range of around 261 schemes, tailored to meet the varying investment needs and risk preferences of its clients. The company predominantly invests in high-grade securities, predominantly AAA and AA rated, ensuring a robust asset management approach. Apart from offering competitive investment solutions, KMAMC also presents opportunities for investors to avail income tax benefits under Section 80C.
As of November 31, 2023, Kotak AMC has impressively managed assets worth over ₹3,33,687 crores, reinforcing its position as a major player in the asset management sector. With a network of 86 branches across 82 cities in India, and catering to over 25.9 lakh unique investors, KMAMC has established a strong foothold in the Indian investment market, consistently focusing on customer-centric and innovative financial solutions.
Top Kotak Mahindra Mutual Fund Leading MF Schemes 2024
| Rank | Scheme Name | Category | CAGR Return (%) | Risk | Fund Type |
|---|---|---|---|---|---|
| 1 | Kotak Smallcap Fund | Equity – Small Cap | 33.00 | Very High | Equity |
| 2 | Kotak Emerging Equity Fund | Equity – Mid Cap | 28.09 | Very High | Equity |
| 3 | Kotak Nifty Midcap 50 ETF | ETF – Mid Cap | 27.60 | Very High | ETF |
| 4 | Kotak Pioneer Fund | Equity – Sectoral-Thematic | 24.67 | Very High | Equity |
| 5 | Kotak Manufacture In India Fund | Equity – Manufacturing | 23.52 | Very High | Equity |
| 6 | Kotak Nifty 100 Low Volatility 30 ETF | ETF – ETF | 19.58 | Very High | ETF |
| 7 | Kotak Focused Equity Fund | Equity – Focused Equity | 19.26 | Very High | Equity |
| 8 | Kotak Multicap Fund | Equity – Multi Cap | 21.01 | Very High | Equity |
| 9 | Kotak Business Cycle Fund | Equity – Equity | 19.79 | Very High | Equity |
Key information
| Key Information | Details |
|---|---|
| Mutual fund name | Kotak Mahindra Mutual Fund |
| Founded | 23 June 1998 |
| AMC Incorporation Date | 5 August 1994 |
| Sponsor name | Kotak Mahindra Bank Limited |
| Trustee organisation | Kotak Mahindra Trustee Co. Ltd. |
| Chairman | Mr. Uday Kotak |
| MD and CEO | Mr. Nilesh Shah |
| CIO | Mr. Harsha Upadhyaya (E) and Ms. Lakshmi Iyer (D) |
| Compliance Officer | Ms. Jolly Bhatt |
| Investor Service Officer | Ms. Sushma Mata |
Overview of Top Kotak Mahindra Mutual Fund Schemes 2024
Kotak Smallcap Fund
This is a small-cap equity fund known for its high-risk, high-reward strategy. It targets smaller companies with a potential for explosive growth, delivering a Compound Annual Growth Rate (CAGR) of 33%. Ideal for investors with a high-risk tolerance and a long-term investment horizon, this fund leverages the volatility of small-cap markets to aim for substantial returns.
Kotak Emerging Equity Fund
As a mid-cap equity fund, it focuses on emerging companies that have the potential to become tomorrow’s market leaders. With a CAGR of 28.09%, it’s crafted for investors seeking growth and who are willing to endure the associated risks. The fund aims to capture the growth of mid-sized businesses that exhibit sustainable business models and robust financials.
Kotak Nifty Midcap 50 ETF
This exchange-traded fund mirrors the performance of the Nifty Midcap 50 Index, encompassing a selection of 50 mid-cap stocks. Offering a CAGR of 27.60%, it’s suitable for investors looking to invest in the mid-cap segment through a passive investment strategy. It’s a convenient way to gain exposure to a diversified portfolio of mid-cap stocks with the liquidity of an ETF.
Kotak Pioneer Fund
A sectoral-thematic equity fund, the Kotak Pioneer Fund delves into sectors poised for growth due to innovative and pioneering business models. It has posted a CAGR of 24.67%. This fund is apt for those who seek to capitalize on specific industry trends and are equipped to handle sector-specific risks.
Kotak Manufacture
In India Fund With a focus on India’s manufacturing sector, this equity fund aims to tap into the growth potential of companies benefiting from India’s manufacturing push. The fund has seen a CAGR of 23.52%, making it an intriguing choice for investors bullish on the ‘Make in India’ initiative and the manufacturing renaissance in the country.
Kotak Nifty 100 Low Volatility 30 ETF
This ETF is unique as it targets low volatility by investing in a curated set of 30 stocks from the Nifty 100. With a CAGR of 19.58%, it’s designed for investors who wish to stay invested in equities while mitigating risk through a focus on low-volatility stocks.
Kotak Focused Equity Fund
A focused equity fund, it takes concentrated bets in a limited number of stocks across market capitalizations. With a CAGR of 19.26%, this fund is meant for investors who are looking for a high-conviction investment approach and are comfortable with the increased risk that comes from a concentrated portfolio.
Kotak Multicap Fund
This multi-cap equity fund spreads its investments across large, mid, and small-cap stocks, ensuring a balanced exposure with a CAGR of 21.01%. It’s well-suited for investors seeking diversification within their equity investments and those who prefer a fund that dynamically adjusts its portfolio based on market conditions.
Kotak Business Cycle Fund
Focusing on the equity segment, this fund aims to align its holdings with the current phase of the business cycle. It has achieved a CAGR of 19.79% and is tailored for investors who believe in the economic cycle’s influence on market performance and seek to optimize their returns by riding the economic waves.
Fund Categories
Top Kotak Mahindra Equity Mutual Funds 2024
| Rank | Scheme Name | Category | CAGR Return (%) | Risk | Fund Type |
|---|---|---|---|---|---|
| 1 | Kotak Infrastructure And Economic Reform Fund | Equity – Thematic-Infrastructure | 36.70 | Very High | Equity |
| 2 | Kotak India EQ Contra Fund | Equity – Contra | 25.01 | Very High | Equity |
| 3 | Kotak Smallcap Fund | Equity – Small Cap | 33.00 | Very High | Equity |
| 4 | Kotak Emerging Equity Fund | Equity – Mid Cap | 28.09 | Very High | Equity |
| 5 | Kotak Manufacture In India Fund | Equity – Manufacturing | 23.52 | Very High | Equity |
| 6 | Kotak Equity Opportunities Fund | Equity – Large & Mid Cap | 22.94 | Very High | Equity |
| 7 | Kotak Bluechip Fund | Equity – Largecap | 18.77 | Very High | Equity |
| 8 | Kotak Flexicap Fund | Equity – Flexicap | 18.66 | Very High | Equity |
| 9 | Kotak Business Cycle Fund | Equity – Equity | 19.79 | Very High | Equity |
| 10 | Kotak Pioneer Fund | Equity – Sectoral-Thematic | 24.67 | Very High | Equity |
Top Kotak Mahindra Debt Mutual Funds 2024
| Scheme Name | Crisil Rank (Nov 2023) | Category | Risk | 3-Year Return (%) | AUM (Cr) (INR) |
|---|---|---|---|---|---|
| Kotak Short Duration Bond Fund – Direct Plan | 3 | Short Duration Bond Fund | Moderate | 6.24 | 6,974.27 |
| Kotak Short Duration Bond Fund – Growth | 3 | Short Duration Bond Fund | Moderate | 6.19 | 6,974.27 |
| Kotak Low Duration Bond Fund – Direct Plan | 3 | Low Duration Bond Fund | Moderate | 5.85 | 5,278.93 |
| Kotak Low Duration Bond Fund – Growth | 4 | Low Duration Bond Fund | Moderate | 5.70 | 5,278.93 |
| Kotak Ultra Short Duration Fund – Direct Plan | 3 | Ultra Short Duration Bond Fund | Low to Moderate | 5.10 | 7,559.54 |
| Kotak Ultra Short Duration Fund – Growth | 3 | Ultra Short Duration Bond Fund | Low to Moderate | 5.05 | 7,559.54 |
| Kotak Money Market Fund – Direct Plan | 5 | Money Market Fund | Low | 4.94 | 8,952.53 |
| Kotak Money Market Fund – Growth | 5 | Money Market Fund | Low | 4.93 | 8,952.53 |
| Kotak Savings Fund – Direct Plan | 2 | Ultra Short Duration Bond Fund | Low to Moderate | 4.64 | 13,350.30 |
| Kotak Savings Fund – Growth | 2 | Ultra Short Duration Bond Fund | Low to Moderate | 4.59 | 13,350.30 |
Top Kotak Mahindra Hybrid Mutual Funds 2024
| Rank | Scheme Name | Category | Crisil Rank (Nov 2023) | 3-Year Return (%) | Risk | AUM (Cr) (INR) |
|---|---|---|---|---|---|---|
| 1 | Kotak Flexi Cap Fund – Direct Plan | Flexi Cap Fund | 1 | 34.21 | High | 8,953.26 |
| 2 | Kotak Balanced Advantage Fund – Direct Plan | Balanced Hybrid Fund | 2 | 26.41 | Moderate | 1,428.75 |
| 3 | Kotak Balanced Advantage Fund – Growth | Balanced Hybrid Fund | 2 | 25.72 | Moderate | 1,428.75 |
| 4 | Kotak Flexi Cap Fund – Growth | Flexi Cap Fund | 2 | 32.90 | High | 8,953.26 |
| 5 | Kotak Asset Allocator Fund – Direct Plan | Balanced Hybrid Fund | 3 | 23.18 | Moderate | 1,109.39 |
| 6 | Kotak Asset Allocator Fund – Growth | Balanced Hybrid Fund | 3 | 22.57 | Moderate | 1,109.39 |
Top Fund Managers
Mr. Devender Singhal
At Kotak Mutual Fund, Mr. Singhal brings over a decade of experience in fund management and equity research. Focused on the automotive, FMCG, and media sectors, his investment choices are driven by meticulous research and market analysis. His prior experience at Religare and Karvy has given him a nuanced understanding of the financial landscape, making him a valuable asset to Kotak’s investment team.
Mr. Deepak Agrawal
Mr. Agrawal, a Chartered Accountant and Company Secretary, is a master of the numbers game at Kotak Mutual Fund. His sharp analytical skills and profound knowledge of commerce have propelled him from research and dealing to a pivotal role in fund management. He is known for his strategic approach to debt funds, offering investors a mix of safety and steady returns.
Mr. Abhishek Bisen
A finance and management graduate, Mr. Bisen’s analytical prowess in debt management has earned him international recognition. At Kotak Mutual Fund since 2006, he manages debt schemes that are engineered to weather the volatility of financial markets, offering investors a refuge in the storm.
Mr. Arjun Khanna
Mr. Khanna, with his technical expertise as an engineer and financial savvy as a CFA, offers a unique perspective to fund management at Kotak Mutual Fund. His experience in banking and financial services is reflected in his innovative fund strategies that navigate the complexities of global and emerging markets.
Mr. Pankaj Tibrewal
An MBA from Manchester University, Mr. Tibrewal’s tenure at Kotak Mutual Fund is marked by insightful equity fund management. Recognized for his contributions to the industry, he manages funds that cater to investors looking for growth and has been celebrated for his significant contributions to the industry, reflecting in the funds’ growth under his care.
Mr. Harish Krishnan
Mr. Krishnan’s journey from engineering to finance has led him to Kotak Mutual Fund, where he now manages one of the firm’s flagship equity products. His global investment strategies have contributed significantly to the fund’s consistent performance over the years.
Mr. Harsha Upadhyaya
With an extensive two-decade career in fund management and equity research, Mr. Upadhyaya oversees several funds at Kotak, including the multi-cap and tax saver funds. His engineering and MBA background have honed his analytical approach, crucial for the growth of the funds he manages.
Ms. Shibani Kurian
Heading the equity research team at Kotak Mutual Fund, Ms. Kurian’s strategic vision is shaped by her extensive experience in the equity markets. Her leadership is instrumental in driving the fund’s success in a competitive equity sector.
Mr. Ruchir Khare
Known for his sectoral analysis and stock-picking acumen, Mr. Khare’s strategic vision in equity investment has been a cornerstone of Kotak Mutual Fund’s success. His ability to identify market trends and convert them into investment opportunities is a testament to his expertise.
Who Should Invest in Kotak Mahindra Mutual Fund?
Kotak Mutual Fund, with its extensive selection of schemes, caters to a wide array of investors, each with different financial goals and risk appetites. Here’s a quick guide on who might consider investing in their offerings:
For the Long Haulers: If you’re in it for the long run and aim to build a substantial corpus over time, the equity schemes from Kotak, especially those focusing on mid and small-cap segments, could be the growth engines of your portfolio.
Risk Takers: Individuals who are not averse to market swings and can stomach the ups and downs in pursuit of potentially higher gains might find a good match in Kotak’s diversified equity funds.
Stability Seekers: Conservative investors who prioritize steady income and lower risk may lean towards Kotak’s debt funds, which are designed to offer regular returns with minimized risk.
Retirement Planners: Those mapping out their golden years can look into Kotak’s retirement solutions, which provide a mix of growth and income-oriented funds to build a retirement nest egg.
New Investors: If you’re just dipping your toes into the investment waters, starting with a Systematic Investment Plan (SIP) in one of Kotak’s funds can be a prudent way to build your investment habit while potentially growing your savings.
Portfolio Diversifiers: For those looking to spread their investments across various asset classes to mitigate risk, Kotak’s hybrid funds, which blend equity and debt instruments, could be a strategic addition to their investment portfolio.
Tax Savers: Investors looking to save on taxes while earning returns might consider Kotak’s ELSS funds, which offer the dual benefits of tax deductions under Section 80C and growth potential.
FAQs
Is it good to invest in Kotak Mutual Fund?
Kotak Mutual Fund offers a range of funds with varying returns based on the category and risk involved. Their ELSS Tax Saver Fund, for instance, has provided annualized returns of around 22.42% over three years, which is appealing for investors looking for tax-saving options with good returns.
Which fund is best in Kotak?
The best fund for an investor depends on their investment goals and risk tolerance. Kotak offers various top-rated funds like Kotak India EQ Contra Fund, Kotak Equity Opportunities Fund, and Kotak Bluechip Fund, each catering to different market segments and investment strategies.
Does Kotak charge for mutual fund investments?
Investing in direct mutual fund schemes with Kotak does not involve any commission. However, regular mutual fund schemes may include commission fees. It’s best to check the latest fee structure on Kotak’s official website or contact customer service for the most up-to-date information.
Is Kotak Mahindra SIP good?
Kotak SIP is an effective way to invest in mutual funds, allowing for systematic investment over time. It’s a convenient option for those with long-term financial goals, helping to spread investments in manageable installments.
Who is the owner of Kotak Mutual Fund?
Kotak Mutual Fund is a part of Kotak Mahindra Bank. The fund house has a history of innovation in the mutual fund industry and offers a variety of investment options.
Which SIP is best for 3 years?
The best SIP plan for a 3-year investment horizon will depend on the individual’s risk appetite and investment goals. Kotak offers several SIP options across equity, debt, and hybrid funds. It is recommended to consult with a financial advisor to choose a plan that aligns with your objectives.
Is Kotak Mutual Fund tax-free?
While the returns from mutual funds are subject to taxes based on holding periods and fund types, investing in ELSS mutual funds like Kotak ELSS Tax Saver Fund can provide tax benefits under Section 80C of the Income Tax Act.
How to invest in SIP in Kotak?
To invest in a SIP with Kotak, ensure all your documents are in order, complete your KYC, sign in to a SIP account, choose a suitable plan, decide on the investment amount, select a date for your SIP, and submit your form. This process can often be completed online through Kotak’s official website or app.
Which bank is best for SIP?
Many banks and financial institutions offer SIP investment options. Kotak Mahindra Bank is one of the prominent banks that provide SIPs through their mutual fund arm. It’s advisable to compare different SIPs offered by various banks based on their performance and services to determine the best fit for your needs.
Is mutual fund tax-free on maturity?
The tax implication on mutual fund returns depends on the type of fund and the duration for which it is held. Dividend income is taxed based on the investor’s income tax slab each year. It’s important to understand the specific tax rules that apply to your mutual fund investments.
Ganesh Kumar
https://finplay.in/Mutual Fund Expert and Stock Market Enthusiast. Indian Stock Markets to the Moon 🚀