Publish Date:
Heads up, Kotak Mutual Fund investors! The fund house recently announced changes in fund managers for six of its schemes, effective January 22nd, 2024. This reshuffle might leave you wondering: what does it mean for your investments?
Kotak Mutual Fund informed the investors about this change in fund manager responsibilities in few schemes through a notice cum addendum dated January 23, 2024.
This announcement stated that, the fund house has recently appointed Atul Bhole, Rohit Tandon, and Mandar Pawar as key personnel and fund managers in Kotak Mutual Fund. The changes are aimed at optimising fund management strategies and ensuring sustained growth for investors.
Here are the details of the changes in fund managers for the specified schemes:
|
Name of the Scheme(s) |
Existing Fund Manager |
Revised Fund Manager |
|
Kotak Emerging Equity Fund |
Mr. Harsha Upadhyaya and Mr. Arjun Khanna (Dedicated Fund Manager for investment in foreign securities) |
Mr. Harsha Upadhyaya and Mr. Arjun Khanna (Dedicated Fund Manager for investment in foreign securities) |
|
Kotak Equity Hybrid Fund |
Mr. Harsha Upadhyaya, Mr. Abhishek Bisen and Mr. Arjun Khanna (Dedicated Fund Manager for investment in foreign securities |
Mr. Atul Bhole, Mr. Abhishek Bisen and Mr. Arjun Khanna (Dedicated Fund Manager for investment in foreign securities) |
|
Kotak Blue-chip Fund |
Mr. Harsha Upadhyaya and Mr.
Arjun Khanna (Dedicated Fund
Manager for investment in foreign securities) |
Mr. Rohit Tandon and Mr. Arjun Khanna (Dedicated Fund Manager for investment in foreign securities) |
|
Kotak Balanced Advantage Fund |
Mr. Harsha Upadhyaya, Mr. Hiten Shah, Mr. Abhishek Bisen and Mr. Arjun Khanna (Dedicated Fund Manager for
investment in foreign securities) |
Mr. Rohit Tandon, Mr. Hiten Shah, Mr. Abhishek Bisen and Mr. Arjun Khanna (Dedicated Fund Manager for investment in foreign securities) |
|
Kotak Quant Fund |
Mr. Harsha Upadhyaya, Mr.
Abhishek Bisen and Mr. Arjun
Khanna (Dedicated Fund Manager for investment in foreign securities) |
Mr. Harsha Upadhyaya, Mr. Abhishek Bisen, Mr. Rohit Tandon and Mr. Arjun
Khanna (Dedicated Fund Manager for investment in foreign securities) |
|
Kotak ESG Exclusionary Strategy Fund |
Mr. Harsha Upadhyaya and Mr.
Arjun Khanna (Dedicated Fund
Manager for investment in foreign securities) |
Mr. Harsha Upadhyaya, Mr. Mandar Pawar and Mr. Arjun Khanna (Dedicated Fund Manager for investment in foreign securities) |
(Source: Notice-cum-Addendum - Appointment of Key Personnel and Fund Manager of KMAMC)
The schemes are from mid-cap, aggressive hybrid, large cap, balanced advantage, thematic fund categories. The changes are effective from January 22, 2024.
The fund house clarified that all other terms and conditions of the scheme information documents (SIDs), key information memorandums (KIMs), and statements of additional information (SAIs) for the above-mentioned schemes will remain unchanged.
Will these changes impact your investments? It's too early to say definitively. While past performance should not be the sole indicator of future results, it's worth evaluating the track record of the new fund managers and comparing it to your investment goals.
Download – Kotak MF Notice-cum-Addendum, change in fund managers of six schemes.