Kotak
Mahindra Asset Management Co. (KMAMC) announced that, effective 15 July 2015;
its employees will invest only in its own mutual fund schemes.
Employee investments are a miniscule percentage of the fund's
total Assets Under Management (AUM).
However, their endorsement plays a pivotal role in a business,
which is essentially into managing investor's trust and not just their money.
All employees making their incremental investment in KMAMC's own fund schemes
drives home a strong message of confidence in its own offerings and management
to the investor community.
Mr. Nilesh Shah, MD, Kotak Mahindra Asset Management Co. Ltd
said, “I strongly believe in “the owner
eats here” sign displayed at restaurants. Majority of our employees largely
invest their savings in Kotak Mutual Fund schemes, which shows their trust and
confidence in our schemes and management. This first-of-its kind initiative is
our way of showing faith in our product offerings. This will assure all our
stakeholders - distributors and investors that we practice what we preach.”
“Indian equity markets are poised for a brilliant long innings,
and we want our employees to be amongst the biggest beneficiaries. This step
will take us closer to our vision of making Kotak Mutual Fund the most trusted
mutual fund company in India”, added Mr. Nilesh Shah.
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| Nilesh Shah, MD, Kotak Mahindra Asset Management Co. Ltd |
There is no compulsion on employees to invest in mutual funds.
This is a voluntary decision. Should they choose to invest, KMAMC employees
have a wide range of investment options to choose from liquid, short term,
equity, debt, balanced funds, fund of funds, exchange traded funds, etc.
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