Kotak Asset Management

Funds managed

Fund NameAsset ClassLicense
Kotak Medium Term FundDebtSEBI AIF Cat 2
Kotak Bond FundDebtSEBI AIF Cat 2
Kotak Bond Short Term FundDebtSEBI AIF Cat 2
Kotak Banking and PSU Debt FundDebtSEBI AIF Cat 2
Kotak Gilt FundDebtSEBI AIF Cat 2
Kotak Dynamic Bond FundDebtSEBI AIF Cat 2
Kotak Savings FundDebtSEBI AIF Cat 2
Kotak Credit Risk FundDebtSEBI AIF Cat 2
Kotak Low Duration FundDebtSEBI AIF Cat 2
Kotak Corporate Bond FundDebtSEBI AIF Cat 2
Kotak Money Market FundDebtSEBI AIF Cat 2
Kotak Alternate Assets Fund IIPESEBI AIF Cat 2
Kotak India Affordable Housing Fund – IInfrastructureSEBI AIF Cat 2
Kotak India Growth Fund IIIPESEBI AIF Cat 2
Kotak India Real Estate Fund – IXReal EstateSEBI AIF Cat 2
KOTAK INDIA REAL ESTATE FUND VIIIReal EstateSEBI AIF Cat 2
Kotak India Venture Fund IIPESEBI AIF Cat 2
Kotak Special Situations FundPESEBI AIF Cat 2
Kotak Realty FundPE-Real EstateSEBI AIF Cat 2
  • Kotak Medium Term Fund, an open-ended debt scheme. The investment objective of the scheme is to generate regular income and capital appreciation by investing in a portfolio of medium term debt and money market instruments. There is no assurance or guarantee that the investment objective of the scheme will be achieved.
  • Kotak Bond Fund is an open ended debt scheme, with an investment objective to create a portfolio of debt and money market instruments of different maturities so as to spread the risk across a wide maturity horizon and different kinds of issuers in the debt market.
  • The investment objective of the Scheme is to provide reasonable returns and reasonably high levels of liquidity by investing in debt instruments such as bonds, debentures and Government securities; and money market instruments such as treasury bills, commercial papers, certificates of deposit, including repos in permitted securities of different maturities, so as to spread the risk across different kinds of issuers in the debt markets.
  • Kotak Banking and PSU Debt Fund is an Open Ended Debt Scheme. The investment objective of the scheme is to generate income by predominantly investing in debt & money market securities issued by Banks, Public Sector Undertaking (PSUs), Public Financial Institutions (PFI), Municipal Bonds and Reverse repos in such securities, sovereign securities issued by the Central Government and State Governments, and/or any security unconditionally guaranteed by the Govt. of India.
  • Kotak Gilt Fund is an open ended dedicated gilt unit scheme. The investment objective of the scheme is to generate risk free returns through investments in sovereign securities issued by the Central and/or State Government(s) and / or reverse repos in such securities.
  • Kotak Dynamic Bond Fund is an open ended debt scheme. The investment objective of the Scheme is to maximize returns through an active management of a portfolio of debt and money market securities.
  • The investment objective of the Scheme is to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.
  • Kotak Credit Risk Fund is an open ended debt scheme. The investment objective of the scheme is to generate income by investing in debt /and money market securities across the yield curve and predominantly in AA rated and below corporate securities. The scheme would also seek to maintain reasonable liquidity within the fund.
  • The primary objective of the Scheme is to generate income through investment primarily in low duration debt & money market securities. There is no assurance or guarantee that the investment objective of the scheme will be achieved. 
  • The investment objective of the scheme is to generate income by investing in debt and money market securities across the yield curve and predominantly in AA+ and above rated corporate securities. The scheme would also seek to maintain reasonable liquidity within the fund.
  • Kotak Money Market Fund an open ended debt scheme investing in money market instruments. The investment objective of the Scheme is to generate returns by investing in money market instruments having maturity up to 1 year
  • Kotak Realty Fund is one of India’s leading private equity
    real estate funds with USD 1.8 billion of aggregate
    capital commitments. Since 2005, Kotak Realty Fund has raised 9 funds and invested in 52 projects and companies across commercial office, residential, retail, industrial and hospitality sectors.

About the AMC

Established in 1985, Kotak Mahindra Group is one of India’s leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group’s flagship company, received banking license from the Reserve Bank of India (RBI), becoming the first nonbanking finance company in India to convert into a bank – Kotak Mahindra Bank Ltd.

As on June 30, 2016, Kotak Mahindra Bank Ltd, has a significant national footprint of 1,333 branches spread across 674 locations and 2,034 ATMs, affording it the capacity and means to serve its customers through its wide presence.

Kotak Mahindra Asset Management Company Limited (KMAMC), a wholly owned subsidiary of Kotak Mahindra bank Limited (KMBL), is the Asset Manager for Kotak Mahindra Mutual Fund (KMMF). KMAMC started operations in December 1998 and has approximately 21 Lac investors in various schemes.

Key staff

  • Ms. Lakshmi Iyer is Chief Investment Officer (Debt) & Head Products- Lakshmi heads fixed income and products team at KMAMC. She has been with the organization since 1999. Lakshmi joined KMAMC as a fund manager, and was responsible for credit research as well as deal execution, managing fund performance across all debt funds and assisting sales in client interaction. She has also been a portfolio specialist, and managed product related initiatives, product pricing and coordination with the funds management and sales team in that role. Prior to Kotak, Lakshmi worked with Credence Analytics Pvt Ltd, as a research analyst where she was tracking corporate bond markets in India and generating research reports. She was also instrumental for conceiving various financial software tools in collaboration with software and technical teams.
  • Mr. Abhishek Bisen is Senior Vice President- Mr. Abhishek Bisen has been associated with the company since October 2006 and his key responsibilities include fund management of debt schemes. Prior to joining Kotak AMC, Abhishek was working with Securities Trading Corporation Of India Ltd. where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. The schemes managed by him are Kotak Monthly Income Plan, Kotak Bond, Kotak Gilt Investment (Regular & PF-Trust), Kotak Multi Asset Allocation Fund, Kotak Balance, Kotak Equity Savings Fund, Kotak Global Emerging Market Fund, Kotak Gold Fund and Kotak Gold ETF. He has been awarded twice as one of the Highly Commended Investors in Indian Rupees Bonds from the Asset magazine Hong Kong. Abhishek’s educational background is B.A (Management) and MBA (Finance). His Hobbies include Numismatics, sketching, playing piano and cycling.
  • Mr. Deepak Agrawal is Senior Vice President- Mr. Deepak Agrawal’s career has started from Kotak AMC when he joined the organization in December 2002 where he was initially in Research, Dealing and then moved into Fund Management from November 2006 where he is managing Kotak Bond Short Term, Kotak Banking & PSU Debt Fund, Kotak Dynamic Bond Fund, Kotak Savings Fund, Kotak Liquid, Kotak Money Market Scheme, Kotak Credit Risk Fund, Kotak Medium Term Fund, Kotak Corporate Bond Fund, Kotak Low Duration Fund, FMPs & QIPs. Deepak is a Post Graduate in Commerce, Chartered Account and Company Secretary.

Investment Philosophy (for firm)

Our process begins by identifying triggers as they are the catalysts to unlocking value. We use the following analytic tools and parameters:

  1. Management Quality
  2. Growing Market Opportunity
  3. Returns on Invested Capital
  4. Financials and Growth
  5. Fair Valuations

Investment Strategy

Discovering Future Leaders – As pioneers of the Indian private equity industry, our team is adept at identifying outstanding entrepreneurs and management teams of emerging businesses. We look for companies that have a clear business strategy with significant opportunities to scale up with a defendable market positioning.

While we have a preference towards sectors such as Pharmaceuticals, Life Sciences, Healthcare, Consumer, Technology & Financial Services, we are happy to evaluate investment opportunities in companies in other sectors with a differentiated business model that mirrors India’s growth story.

Media

Title: Kotak’s realty fund eyes distressed projects, Source: ET now, Date: 07 November 2019

https://www.google.co.in/url?sa=t&source=web&rct=j&url=https://m.economictimes.com/wealth/real-estate/kotaks-realty-fund-eyes-distressed-projects/amp_articleshow/71949494.cms&ved=2ahUKEwiGweDm0tTpAhVDX30KHU4ICHgQFjADegQIBRAB&usg=AOvVaw2uoQTEys6TwkR7IGPQjjX9&ampcf=1

One of India’s largest domestic real estate funds, Kotak Realty Fund has raised $1.8 billion so far and has dry powder of around $500 million, or Rs 3,500 crore.
After making two key investments in stuck projects over the past two years and making up to 23% returns by turning them around, the fund has taken a call to focus on pursuing opportunities in this space.

“In the backdrop of liquidity squeeze faced by realty developers, a disciplined approach in turning around stuck projects can offer superior returns. We are taking this decision to invest in distressed realty assets as we have seen this approach working in two of our such investments,” Vikas Chimakurthy, CEO, Kotak Realty Fund, told ET in an exclusive interaction.

Title: Kotak Realty Fund to deploy ₹2,300 cr in residential, commercial projects, Source: The hindu business line,  Date: 22 October 2018

https://www.google.co.in/url?sa=t&source=web&rct=j&url=https://www.thehindubusinessline.com/markets/kotak-realty-fund-to-deploy-2300-cr-in-residential-commercial-projects/article25289363.ece/amp/&ved=2ahUKEwiGweDm0tTpAhVDX30KHU4ICHgQFjAIegQIAxAB&usg=AOvVaw13_2RFNYpX1A7rQxvnAWtm&ampcf=1

Vikas Chimakurthy, CEO, Kotak Realty Fund, said the two new funds had already tied up monies aggregating ₹2,300 crore and deployments have been happening from the same in the last one year though We did not draw down the balance (about $106 million) because we thought that the market two-three years back itself was in a bubble state.

Analyst questions

  • Can you discuss about your investment philosophy?
  • You look into quality of management team, define quality, what are the attributes that you look for while investing?
  • You have been in the industry for a long time now, what have you learnt from your journey so far, that you would be doing differently now?
  • Where do you add most value is it at entry, operational or exit? & How?

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