Kotak Mahindra Mutual Fund is the 4th largest mutual fund in India backed by the reputed Kotak Mahindra Bank Limited. The fund was started back in 1998 serving a huge investor base of more than 8.1 million. Kotak group was India's first NBFC to get a banking license from the Reserve Bank of India in February 2003.
Kotak Mutual Fund commenced its operations in December 1998, pioneering the launch of a dedicated gilt fund, exclusively investing in Government securities.
KMAMC offers mutual fund and portfolio management services in compliance with SEBI ('Mutual Funds') Regulations, 1996, and SEBI (Portfolio Manager) Regulations, 1993. The company also extends pension fund management services through its subsidiary, Kotak Mahindra Pension Fund Limited.
With a comprehensive range of approximately 261 schemes designed to cater to diverse risk appetites, KMAMC predominantly directs investments toward AAA and AA-rated companies. It has a significant asset under management (AuM) and facilitates customers in availing income tax benefits under Section 80C.
As of March 31, 2023, Kotak AMC manages an AuM exceeding Rs. 2.86 lakh crore. The company has established 86 branches across 82 cities in India, serving 25.9 lakh unique investors.
How to invest in Kotak Mahindra Mutual Fund schemes?
Investing in mutual funds is easy with Bajaj Finserv. If you are a new investor, follow the below steps. For customers who have invested with us, please skip directly to step 7.
Choose a mutual fund category and a scheme that suits your goals and click on Invest Now.
Sign into Bajaj Finserv to setup your mutual fund account.
Verify your details using your PAN, Name, DOB, and Email ID. If your KYC is not complete, you will have to upload your address proof and complete video KYC.
Enter your bank details.
Upload your signature and provide additional details to continue.
Choose whether you want to invest in SIP or lumpsum and enter the investment amount. Click on INVEST.
Choose your payment mode (net-banking, UPI, NEFT/RTGS) and make the payment.
Wait for 2-3 working days for your investment to reflect in your portfolio.
Documents required to invest in Kotak Mahindra Mutual Fund
If you are an existing customer, no documents are required for investment. However, for new customers keep the following documents handy before investing:
You can easily a Kotak Mutual Fund SIP online on the Bajaj Finserv website or app.
How can I cancel the ongoing SIP in a Kotak Mutual Fund's scheme?
You can easily cancel an ongoing SIP in a Kotak Mutual Fund's scheme through the Bajaj Finserv website or app.
How to calculate returns on Kotak Mutual Fund SIP?
You can calculate the potential returns on your SIP investments using the Bajaj Finserv SIP Calculator.
How to withdraw Kotak Mutual Fund?
If you have invested in any Kotak Mutual Fund scheme through the Bajaj Finserv platform, you can redeem or withdraw your funds by logging into your account on the Bajaj Finserv platform and app without hassle.
Are Kotak Mutual Fund schemes tax-free?
You can get tax-benefits under section 80C by investing in ELSS mutual funds offered Kotak Mutual Fund.
How can I get the Kotak Mutual Fund statement?
If you have invested in any Kotak Mutual Fund scheme through the Bajaj Finserv platform, you can get your statement online on the Bajaj Finserv website or app.