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Kotak Mahindra Asset Administration Firm (Kotak Mahindra Mutual Fund) at this time introduced that Kotak Balanced Benefit Fund has crossed the ₹10,000 crore belongings beneath administration (AUM) mark in August 2021, which is inside 3 years of the scheme’s launch.
Kotak Balanced Benefit Fund is an open-ended dynamic asset allocation fund, producing capital appreciation from a dynamically balanced portfolio of fairness and equity-related securities, debt and cash market securities. It follows a multi-cap strategy for fairness allocation and dynamic bond strategy for debt allocation.
Nilesh Shah, Group President & Managing Director, Kotak Mahindra Asset Administration Co. Ltd. mentioned, “The constant efficiency of Kotak Balanced Benefit Fund over the past three years is a results of the collective efforts of all the crew working towards the advantage of the unit-holders. With greater than 1,60,000 traders and over 9000 distributors as on July 2021, we’re grateful to all those that have put religion in Kotak Balanced Benefit Fund to realize their long-term monetary targets and are reaping its advantages.”
Kotak Mahindra Asset Administration Firm Restricted (KMAMC) – a completely owned subsidiary of Kotak Mahindra Financial institution Restricted (Kotak), is the Asset Supervisor for Kotak Mahindra Mutual Fund (KMF). KMAMC began operations in December 1998 and as of thirty first March, has roughly 37 lakh investor folios in varied schemes.
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