Kotak Mahindra Asset Management Company
| Company type | Public |
|---|---|
| Industry | Investment management |
| Founded | 2 August 1994 |
| Headquarters | Mumbai, Maharashtra, India |
Key people | Uday Kotak (Chairman and Non-Executive Director) Nilesh Shah (Managing Director)[1] |
| Products | Asset management, Wealth management, Alternative investments |
| AUM | ₹5,52,093.72 crore (June 2025) |
| Owner | Kotak Mahindra Bank (100%) |
| Website | Official website |
Kotak Mahindra Asset Management Company Limited (KMAMC) is an Indian financial services firm and a wholly owned subsidiary of Kotak Mahindra Bank.[2] Established in 1998 and headquartered in Mumbai, it serves as the investment manager for the Kotak Mahindra Mutual Fund.[3] As of February 2026, it is the fifth largest asset management company in India by assets under management.[4]
History
KMAMC was incorporated on 2 August 1994 and formally commenced operations in December 1998.[5] It launched its initial mutual fund schemes focused on government securities.[6] Over the following two decades, the company expanded its retail presence to over 96 cities in India.[7][8]
In the early 2020s, the firm diversified its portfolio to include international real estate investment trusts (REITs) and private credit.[9] In 2025, it entered the alternative investment fund (AIF) sector with the launch of a private credit vehicle targeting emerging corporates.[10]
Operations and services
The company serves as the investment manager for the Kotak Mahindra Mutual Fund. Its assets are distributed across equity, debt, hybrid, and index-based instruments. Two of the largest equity schemes by assets under management are the Kotak Flexicap Fund and the Kotak Emerging Equity Fund.[11]
The firm manages discretionary and non-discretionary portfolio management services (PMS) for institutional and high-net-worth clients. It also operates Alternative Investment Funds (AIF), registered with the SEBI, which include the Kotak India Renaissance Fund and various private credit vehicles.[10][12]
Through its subsidiary, Kotak Mahindra Pension Fund Limited, the group is one of the designated pension fund managers under the National Pension System (NPS). This subsidiary manages retirement assets for both government and private sector subscribers under the oversight of the Pension Fund Regulatory and Development Authority (PFRDA).[13]
Recognition
In 2020, the firm received the Refinitive Lipper Fund Award India in mutual fund categories.[14]
In 2023, Financial Express listed the company among the ten largest mutual fund AMCs in India.[15]
In 2025, The Economic Times included KMAMC among the top ten equity PMS performers in India.[16]
In June 2025, Forbes India featured the company in its list of the ten largest asset management companies in India by assets under management.[4]
See also
References
- ^ K, Sankunni (2025-12-04). "Kotak Mahindra AMC's Market Outlook 2026: Midcaps poised to outperform; gold, silver to see upside, says Nilesh Shah". Fortune India. Retrieved 2026-03-06.
- ^ Tripathy, Nalini Prava (2007). Mutual Funds in India: Emerging Issues. Excel Books India. ISBN 978-81-7446-535-1.
- ^ Das, Subhamoy. Perspectives on Financial Services. Allied Publishers. ISBN 978-81-8424-409-0.
- ^ a b "Top 10 largest Asset Management Companies (AMCs) in India". Forbes India. Retrieved 2026-03-06.
- ^ "Kotak Mahindra Asset Management Company Limited - CARE Ratings" (PDF). CARE Ratings. July 5, 2021. Retrieved 2026-03-06.
- ^ "Kotak Gilt Fund completes 25 years, offers 8.99% CAGR since inception". The Economic Times. 2024-03-14. ISSN 0013-0389. Retrieved 2026-03-06.
- ^ "Kotak launched India's first-ever MSCI India ETF". The Times of India. 2025-01-29. ISSN 0971-8257. Retrieved 2026-03-06.
- ^ "Kotak Mahindra AMC Reaches ₹6 Lakh Crore In AUM". smestreet.in. Retrieved 2026-03-18.
- ^ Kaur, Avneet (2020-12-07). "Kotak Mutual Fund launches India's first international REIT fund of funds". mint. Retrieved 2026-03-06.
- ^ a b Khanna, Surbhi (2025-05-15). "Kotak Mahindra AMC's Kotak Credit Opportunities Fund announces first close with over Rs 1,200 crore raise". The Economic Times. ISSN 0013-0389. Retrieved 2026-03-06.
- ^ "Kotak Flexicap Fund completes 15 years; posts 16.59% CAGR since inception - CNBC TV18". CNBCTV18. 2026-02-07. Retrieved 2026-03-06.
- ^ "Kotak Mahindra Asset Management Company Limited launches Kotak Nifty 200 Momentum 30 ETF". www.deccanchronicle.com. 2025-09-25. Retrieved 2026-03-06.
- ^ "Kotak Income Plus Arbitrage Fund crosses ₹5,000 crore AUM within a month - CNBC TV18". CNBCTV18. 2025-09-03. Retrieved 2026-03-06.
- ^ Tuck, Lauren (2020-04-29). "Excellence in the Fund Industry in India | Lipper Alpha Insight | LSEG". Lipper Alpha Insight. Retrieved 2026-03-06.
- ^ "Top 10 Mutual Fund Asset Management Companies (AMCs) in India by AUM Ranked". The Financial Express. 2023-04-28. Retrieved 2026-02-25.
- ^ Sharma, Riya. "Kotak Mahindra AMC, Aequitas among top 10 equity PMS performers in 2025. Full list here - Portfolio Play". The Economic Times. Retrieved 2026-03-06.