Kotak Mutual Fund AUM sees 4500 cr jump in January; Axis Bank, HDFC Bank, Tech Mahindra top additions

Kotak Mutual Fund saw it assets under management (AUM) growing 1.66% or Rs 4500 crore month-on-month as the fund house AUM grew from Rs 2,698bn in December to Rs2,743bn in January, showed Edelweiss Alternate Research.  

ICICI Bank (Rs 7.02 bn), HDFC Bank (Rs 4.80 bn), State Bank of India (Rs 3.81 bn), Reliance Industries Ltd (Rs 3.65 bn) and Infosys (Rs 3.62 bn) were among top 10 holdings of the Kotak MF in the month ended January 2021.  

Source: Edelweiss Alternate Research

Axis Bank, HDFC Bank and Tech Mahindra were among top 5 additions with Rs 3.33bn , Rs3.20bn and Rs2.74bn respectively in the last month, while Kotak Mutual Fund offloaded maximum in Bharti Airtel (Rs3.03bn), TCS (Rs 2.69bn) and Infosys (Rs 2.56 bn) in January.  

Source: Edelweiss Alternate Research

It took fresh positions in Intellect Design, Torrent Power, Aarti Industries and TVS Motors Company in January, while the fund house made a complete exit from Nippon Life India AMC, Castrol India Ltd Navneet Education and Navin Fluorine International.  

Kotak Mahindra Mutual Fund is the 5th largest AMC in terms of AUM. Kotak Mutual Fund total asset under management Rs 2,87, 144 crore in January. It is just below Aditya Birla Sun Life Mutual Fund which has AUM of Rs 2,97,947 crore and above Nippon India Mutual Fund Rs 2,85, 374 crore as on January 31, 2022.  

Kotak Mahindra Mutual Fun runs 68 schemes altogether currently.  SBI Mutual Fund, which has the largest AUM of all MFs at Rs 6,44,390 crore, has 143 active schemes till January 31, 2022. Between SBI Mutual Fund and Kotak Mahindra MF, ICICI Prudential Mutual Fund, HDFC Mutual Fund and Aditya Birla Sun Life Mutual Fund are other leading MFs with AUM size of Rs4,87,665 crore, 4,41249 crore and 2,97,94 crore respectively as on January 31, 2022.  

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Of all the Kotak MF schemes, Kotak Small Cap Fund (G) is the most successful scheme in terms of return generated in one year with 38% return in the last one year.