Kotak Mahindra Mutual Fund was a trust on May 20, 1996, with Kotak Mahindra Bank Limited (KMBL) as the Sponsor and Kotak Mahindra Trustee Company Limited as the Trustee. It is one of the fastest-growing fund houses in India. The Mutual Fund was registered with the SEBI on June 23, 1998. The Sponsor KMBL is the Settlor of the Mutual Fund Trust. Kotak MF offers 93 mutual fund schemes, including equity, debt, and hybrid funds.
Kotak Group was founded by Mr. Uday Kotak in 1985; it was the first Indian non-banking financial company to be granted a banking licence by the RBI in February 2003. The group caters to the economic needs of individuals and institutional investors across the globe. The former Sponsor Company, Kotak Mahindra Finance Limited (KMFL), was remade into Kotak Mahindra Bank Limited in 2003 after RBI granted a banking license. KMFL initially provided a single financial product but soon grew substantially into a highly diversified financial services conglomerate.
Key Information About Kotak Mahindra Mutual Fund
How to Invest in the Kotak Mahindra Mutual Fund
Investing in the best Kotak Mahindra Mutual Funds can be a complex process. To make it easier, here is a step-by-step guide:
1. Choose Your Mutual Fund Type
According to your risk tolerance (low, mid, or high) and financial goals, choose your mutual types, such as equity, debt, hybrid, index, and sector funds.
2. Select a Mutual Fund Scheme
After carefully analysing the historical returns, expense ratio, reviews, and ratings of different schemes, choose your preferred Kotak Mahindra Mutual Fund.
3. Login or Open a Demat Account
Log in to your Stack Wealth account. If you do not have an account, you can register with your mobile number and create a new one immediately.
4. Complete KYC (Know Your Customer) Requirements
The next step involves providing personal information and verifying identity. You must upload a government-issued ID such as PAN, Aadhar and proof of address. Follow the instructions in the app to complete this step smoothly.
5. Select Investment Mode (SIP or lumpsum)
If you prefer regular, disciplined investing, you can set-up a systematic investment plan (SIP), which is periodic (monthly, quarterly, etc.). Alternatively, if you have a large amount to invest, you can make a lump-sum investment. Select the investment period of your choice.
6. Confirm and Track Your Investment
After setting up your investment, sit back and watch your money grow. The Stack Wealth app will provide regular updates and reports on your portfolio’s performance. You can also adjust your investments or withdraw funds as needed.
List of Best Kotak Mahindra Mutual Funds in India
Here is the list of some of the best Kotak Mutual Funds in India:
* All data as of 28 Feb 2025
Detailed Overview of Kotak Mahindra Mutual Fund Schemes
Now, let’s discuss these 10 Kotak Mahindra Mutual Fund schemes in detail:
1. Kotak India EQ Contra Fund - Direct Plan-Growth
Kotak India EQ Contra Fund is an open-ended equity Scheme following a contrarian investment strategy by Investing in a portfolio of predominantly equity & equity-related securities.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 22.40% and 22.18%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹18,337.98.
- Minimum Investment Amount: The minimum lump sum for the Kotak India EQ Contra Fund is ₹100; for Min Add Lumpsum, it is ₹100; for SIP, it is ₹100.
2. Kotak Bluechip Fund - Direct Plan-Growth
Kotak Bluechip Fund is an open-ended equity scheme investing in a portfolio of predominantly equity & equity-related securities of large-cap companies to achieve long-term capital growth.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 16.50% and 18.33%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹15,813.54.
- Minimum Investment Amount: The minimum lump sum for the Kotak Bluechip Fund is ₹100; for Min Add Lumpsum, it is ₹100; for SIP, it is ₹100.
3. Kotak Medium Term Fund - Direct Plan-Growth
Kotak Medium Term Fund is an open-ended medium-term debt scheme investing in debt, government securities & money market instruments such that the portfolio’s Macaulay duration is between 3 years and 4 years.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 7.37% and 7.11%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹12,379.09.
- Minimum Investment Amount: The minimum lump sum for the Kotak Medium Term Fund is ₹100; for Min Add Lumpsum, it is ₹100; for SIP, it is ₹100.
4. Kotak Debt Hybrid Fund - Direct Plan-Growth
Kotak Debt Hybrid Fund is an open-ended hybrid scheme investing predominantly in a portfolio of debt instruments with moderate exposure to equity & equity-related instruments to achieve income & capital growth over a long-term horizon.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 11.60% and 12.26%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹13,899.30.
- Minimum Investment Amount: The minimum lump sum for the Kotak Debt Hybrid Fund is ₹100; for Min Add Lumpsum, it is ₹100; for SIP, it is ₹100.
5. Kotak Gilt Fund - Direct Plan-Growth
Kotak Gilt Fund is an open-ended debt scheme investing in government securities across maturity to generate income over a long investment horizon. It has a relatively high interest rate and low credit risk.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 7.48% and 6.96%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹12,414.61.
- Minimum Investment Amount: The minimum lump sum for the Kotak Gilt Fund is ₹100; for Min Add Lumpsum, it is ₹100; for SIP, it is ₹100.
6. Kotak Equity Opportunities Fund - Direct Plan-Growth
Kotak Equity Opportunities Fund is an open-ended equity scheme investing in a portfolio of predominantly equity & equity-related securities of large & midcap companies.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 20.27% and 20.79%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹17,397.35.
- Minimum Investment Amount: The minimum lump sum for the Kotak Equity Opportunities Fund is ₹100; for Min Add Lumpsum, it is ₹100; for SIP, it is ₹100.
7. Kotak Equity Arbitrage Fund - Direct Plan-Growth
Kotak Equity Arbitrage Fund is an open-ended scheme investing in arbitrage opportunities within the cash and derivatives segment of the equity market.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 7.35% and 6.22%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹12,371.19.
- Minimum Investment Amount: The minimum lump sum for the Kotak Equity Arbitrage Fund is ₹100; for Min Add Lumpsum, it is ₹100; for SIP, it is ₹100.
8. Kotak ESG Exclusionary Strategy Fund - Direct Plan-Growth
Kotak ESG Exclusionary Strategy Fund is an open-ended equity scheme investing in a portfolio of companies’ predominantly equity & equity-related securities following environmental, social and governance (ESG) criteria.
- Fund Performance: The fund's annualized returns for the past three years and since inception have been around 12.88% and 12.20%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹14,381.84.
- Minimum Investment Amount: The minimum lump sum for the Kotak ESG Exclusionary Strategy Fund is ₹5000; for Min Add Lumpsum, it is ₹1000; for SIP, it is ₹1000.
9. Kotak Floating Rate Fund - Direct Plan-Growth
Kotak Floating Rate Fund is an open-ended debt scheme predominantly investing in Investment in floating & fixed-rate debt instruments traded for floating rate returns and money market instruments.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 7.04% and 7.10%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹12,263.56.
- Minimum Investment Amount: The minimum lump sum for the Kotak Floating Rate Fund is ₹100; for Min Add Lumpsum, it is ₹100; for SIP, it is ₹100.
10. Kotak Balanced Advantage Fund - Direct Plan-Growth
Kotak Balanced Advantage Fund is an open-ended Dynamic Asset Allocation Fund Investing in equity, equity-related securities and debt, and money market instruments while handling risk through active allocation.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 12.29% and 12.94%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹14,157.79.
- Minimum Investment Amount: The minimum lump sum for the Kotak Balanced Advantage Fund is ₹100; for Min Add Lumpsum, it is ₹100; for SIP, it is ₹100.
Top Fund Managers
Below is the list of people who have made Kotak Mahindra Mutual Fund Investment a standout choice in a highly competitive market.
1. Mr. Harsha Upadhyaya
Mr. Harsha Upadhyaya is the CIO of Equity and Debt at Kotak Mahindra Asset Management Company Limited. He has over 26 years of rich experience spread over Equity Research & Fund Management. Previously, he worked with companies such as DSP BlackRock Investment Manager and Prabhudas Lilladher Pvt. Ltd, Reliance Group, SG Asia Securities, and UTI Asset Management Co. Ltd.
2. Mr. Atul Bhole
Mr. Atul is an Equity Fund Manager at Kotak Mahindra AMC. He has over 18 years of experience in Indian equity markets. Before this, he worked with DSP Asset Managers as SVP- Investments and Tata Asset Management Pvt Ltd as Fund Manager and Research analyst. Further, he has also worked as a research analyst at JP Morgan Services (India) Pvt. Ltd. and with the State Bank of India.
3. Mr. Devender Singhal
Mr. Devender Singhal has been associated with the Kotak Group since July 2007. He has been responsible for the research coverage of FMCG, Automobiles and Media sectors at Kotak AMC since Feb 2009. Devender has an overall experience of 19 years in equity research and fund management. Before joining Kotak AMC, Devender worked with the PMS divisions of Kotak, Religare, Karvy and P N Vijay Financial Services.
4. Ms. Shibani Sircar Kurian
Ms. Shibani Sircar Kurian has 20 years of experience in the Indian equity markets, of which almost 16 years have been spent with Kotak Mahindra Asset Management Company Limited. Her primary responsibilities include equity fund management and heading the equity research team.
5. Mr. Deepak Agrawal
Mr. Deepak Agrawal joined Kotak AMC in December 2002, initially in Research, Dealing and then moved into Fund Management in November 2006. Currently, he is a CIO of Debt and Head of Products.
6. Mr. Sunit Garg
Mr. Sunit Garg has over 16 years of experience in the financial service industry in India. Out of these, I have spent more than 6 years with Kotak Mahindra Asset Management Company Limited. He is a debt fund manager and credit analyst at Kotak Mahindra AMC. He has worked at several banks, such as FirstRand Bank, ICICI Bank, and Barclays Bank.
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