Kotak Mutual Funds expects growth in market share

Company will focus on improving distribution, introduce new fund offers

Mutual fund company Kotak Mahindra Asset Management Company (KMAMC) is focusing on more distribution and new fund offers to increase its market share to five per cent by the end of current fiscal year. It has posted a growth of around 40 per cent in Assets Under Management (AUM) during last one year, according to senior official from the company.

Speaking to reporters in Chennai, Nilesh Shah, managing director of KMAMC said that at present, the company has a market share of 3.5 per cent and it is looking at increasing it to five per cent by the end of March, 2017.

It will focus on new fund offers and increase distribution activities, he said. The company is also engaged in training distributors to improve sales.

The company has marked a growth from Rs 38,000 crore in the beginning of 2015 to Rs 62,000 crore in an year.