Kotak Mahindra Group – one of the topmost financial service providers in India – was incepted in 1985. Kotak Mahindra Asset Management Company Limited (KMAMC) is the fully owned division of Kotak Mahindra Bank Limited (KMBL) that deals with the asset management segment of Kotak Mahindra Mutual Fund (KMMF).

Types of Funds Offered by Kotak Mahindra Mutual Fund

The mutual fund schemes offered by Kotak Mahindra Asset Management Company can be broadly categorised in the following 7 types:

• Equity Funds
• Liquid Funds
• Tax Saver Funds
• Hybrid Funds
• Debt Funds
• Exchange-Traded Funds (ETF)
• Fund of Funds (FOF) Schemes

List of Mutual Fund Schemes by Kotak Mahindra Mutual Fund

While there are 11 types of schemes under equity and 1 scheme under tax saver mutual funds, KMAMC also offers 2 hybrid schemes and 16 debt schemes to its customers based on their specific requirements. Furthermore, 5 fund of fund schemes, 1 liquid scheme, and 7 exchange-traded fund schemes are also available for the investors to choose from. The schemes offered by Kotak Mahindra Asset Management Company are:

Equity funds:

• Kotak Standard Multicap Fund (erstwhile Kotak Select Focus Fund)
• Kotak Emerging Equity Scheme
• Kotak Bluechip Fund (erstwhile Kotak 50)
• Kotak Equity Opportunities Fund (erstwhile Kotak Opportunities Fund)
• Kotak Small Cap Fund (erstwhile Kotak Midcap)
• Kotak India EQ Contra Fund (erstwhile Kotak Classic Equity Fund)
• Kotak Equity Arbitrage Fund
• Kotak Equity Savings Fund
• Kotak Infrastructure & Economic Reform Fund
• Kotak India Growth Fund Series 4
• Kotak India Growth Fund Series 5

Tax saver funds:

• Kotak Tax Saver

Liquid funds:

1. Kotak Mahindra Liquid Scheme (erstwhile Kotak Liquid Scheme)

Hybrid funds:

1. Kotak Equity Hybrid (erstwhile Kotak Balance)
2. Kotak Debt Hybrid (erstwhile Kotak Monthly Income Plan)

Debt funds:

• Kotak Low Duration Fund
• Kotak Dynamic Bond Fund (erstwhile Kotak Flexi Debt Scheme)
• Kotak Bond Short Term Plan
• Kotak Savings Fund (erstwhile Kotak Treasury Advantage Fund)
• Kotak Credit Risk Fund (erstwhile Kotak Income Opportunities Fund)
• Kotak Money Market Scheme (erstwhile Kotak Floater Short Term)
• Kotak Medium Term Fund
• Kotak Bond
• Kotak Mahindra Gilt Unit Scheme – 98 Investment Plan
• Kotak Banking and PSU Debt Fund
• Kotak FMP Series
• Kotak Capital Protection Oriented Scheme – Series I
• Kotak Capital Protection Oriented Scheme – Series 2
• Kotak Corporate Bond Fund
• Kotak Capital Protection Oriented Scheme – Series 3
• Kotak Capital Protection Oriented Scheme – Series 4

Fund of fund schemes:

• Kotak Asset Allocator Fund
• Kotak Gold Fund
• Kotak World Gold Fund
• Kotak US Equity Fund
• Kotak Global Emerging Market Fund

Exchange-traded funds (ETF):

• Kotak Gold ETF
• Kotak PSU Bank ETF
• Kotak SENSEX ETF
• Kotak Nifty ETF
• Kotak Banking ETF
• Kotak NV 20 ETF
• Kotak INAV

Equity Funds by Kotak Mahindra Mutual Fund

When you enroll for a mutual fund scheme, it is imperative for you to opt for a plan that matches your risk-taking capacities, capitalisation strategies, and specific investment objectives. See the equity schemes offered by KMAMC mentioned below and learn about their specifications to choose the right plan for you. Learn about the equity funds offered by Kotak Mahindra Mutual Fund mentioned in the list below:

• Kotak Standard Multicap Fund (erstwhile Kotak Select Focus Fund)

Scheme overview – This is an open-ended equity scheme that invests in small, medium, and large cap stocks. The purchases and redemptions under this scheme are based on the prices related to the applicable Net Asset Value (NAV) of each working day.

Objective of investment – It aims to generate long-term capital appreciation through a wide portfolio of equity and equity-related securities that are usually focused on select segments as per the market value.

Target group – This scheme is targeted towards investors who are looking for long-term capital growth.

Scheme features

Kotak Equity Savings Fund

Scheme overview – This mutual fund scheme is open-ended and invests in arbitrage, equity, and debt. While all purchases and redemptions are subject to the applicable NAV of the particular day, they should also be carried out before 5 business days since the date of the allotment of the unit.

Objective of investment – It aims at enhancing the capital investment through moderate exposure in equity and equity-related securities along with the cash and derivatives section of the equity market.

Target group – This scheme is suitable for investors who are looking for long-term capital growth by investing in the arbitrage opportunities of the equity market.

Scheme features

Tax Saver Fund by Kotak Mahindra Mutual Fund

Opting for the tax saver fund offered by Kotak Mahindra can not only help customers save big in the long run, but also provides tax benefits under Section 80C of the Income Tax Act, 1961 while the investments are being made. The Kotak Tax Saver scheme follows a flexi-cap approach by investing in multiple stocks from various sectors to reduce the associated risk. Furthermore, investors can recognise stock opportunities using the bottom-up selection process along with a top-down thematic overlay.

Kotak Tax Saver

Scheme overview – This an open-ended saving scheme linked to equity that not only offers tax benefits to the investor, but also comes with a statutory lock-in period of 3 years. While all redemptions and purchases under this scheme are subject to the applicable NAV of a particular business day, redemptions can only be done subject to the lock-in period since the day of unit allotment.

Objective of investment – The objective of this investment plan is to help in capital growth by investing in a diverse portfolio of equity and related securities while offering tax benefits as applicable during the particular time period.

Target group – This financing scheme is suitable for investors who are looking for long-term capital growth while saving on tax through investments in equity and equity-related securities.

Scheme features

You can find out the tax you will save on a particular investment by using the tax savings calculator available on the official website of Kotak Mahindra Asset Management Company.

Liquid Fund by Kotak Mahindra Mutual Fund

When a customer decides to invest in the liquid fund scheme offered by Kotak Mahindra Mutual Fund, he or she can enjoy a considerable amount of capital growth along with a high level of liquidity. Learn about the details of the Kotak Mahindra Liquid Scheme offered by Kotak Mahindra Mutual Fund mentioned below to find out if this scheme suits your investment requirements or not.

Kotak Mahindra Liquid Scheme (erstwhile Kotak Liquid Scheme)

Scheme overview – This is an open-ended scheme that offers a high level of liquidity by investing in debt and money market schemes of companies with various levels of market capitalisation and different maturities. This will help distribute the associated risk across the debt market. The price of the units under this plan is based on the applicable NAV of each business day.

Objective of investment – The main objective of this investment scheme is to offer a significant amount of returns while offering high-level liquidity. This can be achieved by investing in various debt and money market instruments such as debentures, bonds, government securities, commercial paper, treasury bills, certificate of deposit, etc. This scheme might also invest in the term money/call money market or in offshore securities as per the guideline defined by the Securities and Exchange Board of India (SEBI) or Reserve Bank of India (RBI).

Target group – This scheme primarily targets investors who are looking to grow their capital while enjoying a high level of liquidity with the help of short-term investments in the debt and money market securities.

Scheme features

Debt Funds by Kotak Mahindra Mutual Fund

Debt funds, also known as bond funds or income funds, usually invest in fixed money market and debt instruments that provide capital growth. While debt funds carry lower risk compared to other any other type of mutual fund scheme, they also have relatively high liquidity, low cost structure, stable returns, and low volatility. This makes debt funds one of the most preferred options for investors who want to increase their investment at low risk. Check out the debt fund schemes offered by Kotak Mahindra Mutual Fund and choose the one that best fits your capitalisation strategies and investment objectives:

Kotak Low Duration Fund

Scheme overview – This an open-ended debt scheme with a short maturity period. The investments made under this scheme are usually in a portfolio of instruments with the Macaulay duration ranging between 6 months and 12 months. The purchases and redemptions of units under this plan are based on the applicable NAV of the particular business day.

Objective of investment – The main investment objective of this scheme is to generate capital growth by investing in money market and debt securities with a short maturity period.

Target group – This investment plan is primarily suitable for investors who are looking for a regular income from the investment for a short span of time.

Scheme features

1. Kotak Credit Risk Fund (erstwhile Kotak Income Opportunities Fund)

Scheme overview – This is an open-ended debt scheme that invests in corporate bonds of businesses that are rated AA or below. However, investors cannot invest in AA+ rated corporate bonds under this plan. With the choice of 2 plans – regular and direct, investors can choose to invest through a distributor or by purchasing/subscribing to a unit directly under this scheme.

Objective of investment – Its investment objective is to invest in a plethora of debt and money market securities in corporates that have been rated AA or below and lead to capital growth. This scheme also aims to maintain substantial liquidity of an investment.

Target group – This investment plan is predominantly aimed towards investors who want to generate income through medium-term investment in corporate bonds rated AA or below.

Scheme features

Hybrid Funds by Kotak Mahindra Mutual Fund

While there are numerous funds available in the market that invest in various asset classes, hybrid mutual funds allow the investors to invest in two or more asset classes. More commonly known as asset allocation funds, hybrid funds invest in a combination of stocks and bonds to help investors achieve their investment objectives without having to invest in multiple schemes. 

Fund of Funds by Kotak Mahindra Mutual Fund

Also known as multi-manager investment, fund of funds is an investment scheme wherein a fund invests in other funds instead of stocks, bonds, or any other type of securities to achieve the investment objective of the investor. These types of funds are generally suited for investors who want greater exposure with less amount of risks as opposed to investments in any securities. Learn about the details of all the fund of fund schemes offered by Kotak Mahindra Mutual Fund to choose the best one for yourself according to your uniquej investment objective and risk-taking capacity along the capitalisation opportunities available.

Exchange-Traded Funds (ETF) by Kotak Mahindra Mutual Fund

Unlike the other types of mutual fund schemes, an exchange-traded fund or ETF is a marketable security which tracks bonds, commodities, indices, or an array of assets such as index fund. While these schemes trade like a stock exchange, the prices under an ETF change frequently in line with the purchases and sales throughout the day. These schemes carry lower transaction and management costs, higher liquidity, and better tax efficiency compared to the other mutual fund plans making them one of the most preferred option for individual investors. Learn about the ETF schemes offered by Kotak Mahindra Mutual Fund and choose the best plan that will match your risk-taking capacity along with investment objective.

Eligibility Criteria for Kotak Mahindra Mutual Funds

Find out whether you are eligible to invest in Kotak Mahindra Mutual Funds by checking out the list containing the eligibility criteria mentioned below:

• Adult individuals residing in India (Please note that the number of co-applicants cannot exceed 3 in case of joint applications)
• Non-resident Indians (NRIs) or Persons of Indian Origin (PIO) residing overseas on full repatriation or non-repatriation basis
• Corporates and businesses that are registered in India
• Partners of a partnership firm
• Parents and legal guardians of minor individuals
• Public-sector undertakings (PSUs)
• Statutory or public corporations that have general or specific permission from the State or Central Government of India
• Co-operative and registered societies that have permission to invest in mutual fund units
• Public financial institutions defined under the Companies Act, 2013
• Hindu Undivided Families (HUFs)
• Trustees of private trusts whose deeds authorise investments in mutual fund schemes
• Charitable and religious trusts under the provisions of 11(5) of the Income Tax Act, 1961 read with Rule 17C of the Income Tax Rules, 1962
• Universities and educational institutions
• Banking organisations including regional rural banks and co-operative banks
• Financial and investment institutions
• Industrial and scientific research organisations
• Foreign portfolio investors
• Incorporated or unincorporated associations of persons or body of individuals
• Foreign institutional investors (FIIs) or sub-accounts of FIIs that are registered with Securities and Exchange Board of India (SEBI)
• Air force, navy, army, or paramilitary units and other similar institutions that are eligible
• International multilateral agencies that are approved by the Indian Government
• Pension, provident, gratuity, and such other funds subject to the investment conditions outlined by the scheme
• Other mutual fund schemes registered with SEBI
• Other schemes of Kotak Mahindra Mutual Fund as and when the limits and conditions for investment as prescribed in the SEBI regulations and/or by the trustee, sponsor, or asset management company are met

Documents Required to Invest in Kotak Mahindra Mutual Fund

When applying for a mutual fund scheme at Kotak Mahindra Mutual Fund, it is imperative that the investor holds an active bank account and complies with the Know Your Customer (KYC) guidelines outlined by the company. To apply for a mutual fund scheme, you will have to provide self-attested copies of the following documents:

• Duly filled application form
• Recent passport-size photograph
• PAN proof
• KYC allotment letter

If the investor is a company, partnership firm, trust, society, NRI or PIO, foreign institutional investor (FII), or constituted attorney, the following documents might also be required in addition to the documents mentioned above:

• Authorisation or resolution to invest
• Memorandum and articles of association
• List of authorised signatories with specimen signature(s)
• Partnership deed
• Trust deed
• Bye-laws
• Account debit or foreign inward remittance certificate from the remitting bank
• Notarised power of attorney

In order to complete the KYC process, investors will have to submit self-attested copies of the documents mentioned below along with the original documents for verification:

• Duly filled application form
• Recent passport-size photograph
• Proof of identity such as Passport, Voter’s ID Card, Driving License, Aadhaar Card, letter with attested photograph from a gazetted officer, or any identity card issued by the State/Central Government,Public Sector Undertakings (PSUs), Public Financial Institutions, Statutory/Regulatory Authorities, Scheduled Commercial Banks, etc.
• Proof or address such as Voter’s ID, Aadhaar Card, Driving License, Passport, utility bills not older than 2 months from the date of application, bank account or post office savings bank account statement, etc.

How to Invest in Kotak Mahindra Mutual Fund Online?

In Kotak Mahindra Mutual Fund, investors have the option to choose from different modes using which they can invest in a mutual fund scheme.

• By submitting physical transaction requests offline
• Through a financial advisor
• By logging in the online investment portal of Kotak Asset Management Company
• With the help of a stock exchange platform
• Investment using WhatsApp, Email, Fax, SMS, etc.

Investors can follow the steps mentioned below to invest in a scheme by Kotak Mahindra Mutual Fund through the online mode:

• Firstly, you will have to visit the official website of the fund house at https://assetmanagement.kotak.com/
• Locate the button named ‘Login to invest’ present on the homepage and then click it
• You will be redirected to the online investment portal of the fund house
• There are four investment options available under ‘Invest Now’ – Lumpsum, SIP, Zero Balance Folio, and Minor Investments
• Choose the type of investment you are planning to make and click on the corresponding button
• You will be redirected to the respective page to register yourself
• Enter all the required details including your phone number and click on ‘Submit’
• You will receive an OTP on the mobile number that you enter
• Enter the OTP and click on ‘Confirm’
• You will then be able to invest in the selected type of investment plan
• Existing users will be able to login and invest using their Username and Password/Folio number and PIN

Why Choose Kotak Mahindra Mutual Fund?

There are numerous reasons why you should choose to invest in a Kotak Mahindra Mutual Fund scheme.

• Kotak Mahindra Group is one of the oldest and most trusted financial service providers with a consolidated net worth of Rs.34,443 crore as on 30 June 2016.
• Customers can have the benefit of choosing from more than 1,000 schemes that represent over 21 asset management companies (AMCs) for mutual fund unit purchases.
• Investors can redeem their mutual fund units anytime they want to and can opt to reinvest or exit the scheme if they wish to.
• Investors can monitor their portfolio on their mutual funds portfolio every month. They can also view the status of any transaction that is made.
• Kotak Mahindra Mutual Fund provides regular updates on SIP installments and due dates along with value-added features.
• Investors can transfer the proceeds of their mutual funds to/from their bank accounts as well as mutual fund ledger.
• Customers have the option to choose from various types of mutual fund schemes – equity, debt, liquid, tax saver, hybrid, fund of fund, and ETF featuring direct and regular plans.
• In order to help customers earn maximum profit, the portfolios under KMMF are managed by experienced and professional fund managers.
• For the convenience of the investors, this financial organisation allows paperless transactions that customers can carry out any time of the day and from anywhere.
• The entire process of making an investment is quick and efficient.
• KMMF also ensures complete privacy of all the investments made.

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FAQs on Kotak Mutual Fund

1. How can I get in touch with the customer care team of Kotak Mahindra Asset Management Company? Investors can call the friendly and knowledgeable customer care team of Kotak Mahindra Mutual Fund at 1800-222-626 (toll-free number).

2. Who are not eligible to invest in Kotak Mahindra Mutual Fund schemes? The schemes under Kotak Mahindra Mutual Fund will not accept subscriptions from residents of Canada and U.S 3. .What is a third-party payment and does Kotak Mahindra Asset Management Company accept third-party cheques? Third-party payment is a payment made using instruments issued from an account that is not held by the beneficiary investor.

 4. What are the transaction charges levied by the Kotak Mahindra Asset Management Company? In accordance with SEBI Circular No. Cir/ IMD/ DF/13/ 2011 dated August 22, 2011, a minimum transaction charge of Rs.10,000 per subscription is allowed to be paid to the distributors of the Kotak Mahindra Mutual Fund products.

5. When will I not have to pay the transaction charges levied by Kotak Mahindra Asset Management Company? If the transaction carried out is not a purchase or subscription such as Switch/Systematic Transfer Plan (STP), Dividend Transfer Plan (DTP), etc., and If the purchase or subscription has been carried out directly with the fund without any ARN code and If the transaction has been carried out through the stock exchange platforms.

Courtsey To : Bankbazaar

About Post Author

Maria Stanly

aware@srvibes.com

http://www.srvibes.com

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