Kotak Mahindra

Kotak Mahindra mutual fund is one of the leading mutual funds in the country with assets of over Rs.12,530 crore under management as of Aug 2006. The fund is promoted by Kotak Mahindra Bank, one of India's leading financial institutions that offer financial solutions ranging from commercial banking, stock broking, life insurance and investment banking.

Kotak Mahindra Asset Management Company Limited, a wholly owned subsidiary of Kotak Mahindra Bank, is the asset manager for Kotak Mahindra mutual fund. The company is headed by Uday Kotak of Kotak Bank as chairman and the fund management function is headed by Sandesh Kirkire, chief executive officer.

Kotak Mahindra mutual fund launched its schemes in December 1998 and today manages assets of 4,34,504 investors in various schemes. Kotak Mahindra mutual fund was the first fund house in the country to launch a dedicated gilt scheme investing only in government securities.

Here is a list of mutual funds of Kotak Mahindra which includes Debt FUNDS,BLNCE FUNKotak Mahindra is one of India's leading financial institutions, offering complete financial solutions that encompass every sphere of life. From commercial banking, to stock broking, to mutual funds, to life insurance, to investment banking, the group caters to the financial needs of individuals and corporates.

The group has a net worth of Rs.7,911 crore and employs around 20,000 employees across its various businesses, servicing around 7 million customer accounts through a distribution network of 1,716 branches, franchisees and satellite offices across more than 470 cities and towns in India and offices in New York, California,San Francisco, London, Dubai, Mauritius and Singapore.

Kotak Mahindra Asset Management Company Limited (KMAMC), a wholly owned subsidiary of KMBL, is the Asset Manager for Kotak Mahindra Mutual Fund (KMMF). KMAMC started operations in December 1998 and has over 10 Lac investors in various schemes. KMMF offers schemes catering to investors with varying risk - return profiles and was the first fund house in the country to launch a dedicated gilt scheme investing only in government securities.

DS,FUND OF FUNHow is managing money in your household similar to managing your finances in a company? Are there personal finance lessons you can learn and strategies you can apply from the business world?

Investmentyogi tells you how to think like a CFO (chief financial officer) and manage your money professionally.

A company exists to earn revenues by selling products or services, managing expenses and earning profits. The goal of any company is to have more revenue and less expenses thereby maximising profits. Most companies of the world have this objective at the very core. Every other strategy revolves around this.

A CFO's role is to:

Be responsible for company's financial situation

Make investments for the company taking into consideration risk and liquidity

Borrow money at the best possible rate

Maintain a healthy debt/equity ratio

Monitor and control cost, expenses

Forecast and prepar the company for financial contingencies

What if you look at yourself as a company and try to assign a CFO's role to yourself? Do you see the similarities here? You will be doing pretty much the same things with your personal finances.

Revenue

A company earns revenue by doing its business which can be selling a product or some kind of service. You also earn revenue by offering your services to someone else. You are being paid for that every month. This is your top line. Just like a business your aim is also to increase your revenue either by switching jobs or getting a promotion.

Other income

Companies sometimes make money from secondary sources for example their investments into government bonds, other companies etc. The same is true with an individual. You also have other sources of income like giving out your home on rent, investments in mutual funds, stocks or sale of property.

Fixed cost

A business has certain fixed cost like machinery, office rental, debt repayment etc. You also have monthly fixed costs like home rent, EMIs, school fees for your children. You always need money to make these payments.