Kotak Mahindra Mutual Fund

About Kotak Mahindra Mutual Fund

Kotak Mahindra mutual fund is the first Indian non-banking financial company to receive a banking license from the Reserve Bank of India in February 2003. It was founded in 1985 by Mr Uday Kotak. The organisation provides for the financial requirements of both private and institutional investors worldwide.

Kotak Mahindra Mutual Fund has rapidly made its way to become the fifth-largest mutual fund house with a market capitalisation of INR 3,840.3 billion based on its quarterly AUM as of March 2022. Their robust distribution channel consists of over 67,000 distributors. The Kotak mutual fund returns fair well as the risk is eliminated for diverse portfolios. The Kotak mutual fund redemption online is an added service that the fund house provides.

The investor base of 8.1 million investors contributes to the net worth- of INR 971.34 billion of the fund house.

To manage the 3,857 branches and uphold consumer satisfaction, 73,000+ employees have been recruited. It is a constituent of the Nifty50.

Types Of Kotak Bank Mutual Funds

Understanding the complexity of investments, the types of funds offered by Kotak Bank are mentioned below:

Equity

These are funds that put money into stocks and shares of corporations. Kotak mutual fund is regarded as high-risk but delivers significant returns. In the banking sector, fast-moving consumer goods, and infrastructure industries, to name a few, there are special funds for equity investments. 

Debt

These funds make investments in fixed income securities such as corporate debentures, government bonds, and other debt instruments. They are regarded as safe investments and provide fixed returns. Taxes are not deducted at the source from investor earnings by these funds. Therefore, the investor is accountable for paying the tax bill if those earnings exceed INR 10,000. 

Hybrid

These funds make investments in many asset classes. The equity to debt ratio varies depending on the circumstance and vice versa. As a result, risk and return are balanced. This is valid given that there is less danger in the debt markets than in the equities markets.

ELSS or Tax-Saver

These funds invest in stock shares primarily. Investments made in these funds are deductible under the Income Tax Act. Although they are thought to be high risk, the Kotak mutual fund fact sheet of this type offers investors returns in the form of increased profits if the fund performs well. 

Liquid

To provide liquidity, this Kotak Bank mutual fund invests money primarily in short- or extremely short-term products, such as T-Bills, CPs, etc. They are considered moderately risky investments with poor returns that are best suited for investors with limited time horizons.

Index

A mutual fund or exchange-traded fund that aims to mimic the performance of a market index is known as an "index fund." Every index is formed of stock participants. The index's value is directly related to the value of the stocks. However, you cannot invest directly in an index, which is an arbitrary number. So, investors prefer to invest in an index fund to earn as many returns as the index. Such schemes are generally passive funds as the managers do not need to research much for asset distribution. As a result, the fees are much lower. They are also a kind of equity fund.

How can you Invest in Kotak Mutual Funds?

Kotak Bank provides you to invest in Kotak mutual fund SIP and as a lump sum. Kotak Mutual fund investment provides benefits and can help reduce the risk by investing in diverse portfolios. You can invest in Kotak mutual fund online and offline. Just follow these simple steps below:

Investing in Kotak Mutual Fund Online 

• Visit the official website of Kotak mutual fund and log in
• Locate the ‘investment’ option and fill out your details
• Complete the process of KYC verification
• Skim through the Kotak mutual fund details and land on one scheme
• Invest as SIP or lumpsum
• Your portfolio will be generated 

Investing in Kotak Mutual Fund Offline

• Visit nearest Kotak Mahindra Bank branch
• Fill out the investment form
• Attach the self-attested copies for KYC verification 
• Deposit an amount to generate your Kotak mutual fund portfolio

Documents to Invest in Kotak Mutual Fund

For investors who wish to invest in mutual funds, KYC (Know Your Client) is a one-time customer identification process and a mandated compliance requirement. In order to stop fraudulent operations, the capital markets regulator SEBI (Securities and Exchange Board of India) has made it mandatory for mutual fund investments. One needs to verify their KYC to invest in Kotak mutual fund. The documents required for KYC verification are

Identity Proof 

The following documents count as proof of identity. Any one of the documents must be submitted/uploaded:

• Aadhaar Card
• PAN Card
• Passport
• Driving License

Address Proof

The following documents count as proof of address. Any one of the documents must be submitted/uploaded:

• Aadhar Card
• Driving License
• Passport
• Recent Utility Bill
• Rental/Lease Agreement