Kotak Mutual Funds eyes bigger share of market with increased participation

With increased retail participation across financial asset classes, Kotak Mutual Funds is looking at more than the average industry growth to be able to improve its market share over time, a top company official said Wednesday. The company is confident that increased retail participation could be sustained as a mean of wealth creation and preservation, Kotak Mahindra Asset Management's Chief Investment officer (debt) and Head-Products, Lakshmi Iyer, told reporters here.

Of the total Rs 24 lakh crore mutual fund sector, the company is doing a business of Rs 1.5 lakh crore, with a nearly seven per cent market share, she said.

Saying that current times were volatile and would continue to remain so in the near to medium term, she said that a prudent mix of debt and equity is appropriate and should be in line with one's risk appetite. In view of this, the company is actively engaging advisors to enhance real investment into financial asset classes, like equity and fixed income.