About Company
Kotak Mahindra Asset Management Company Ltd
One of the leading Indian suppliers of portfolio management services, Kotak PMS (registered with SEBI), is a member of the prestigious Kotak Mahindra Group and runs under the direction of Kotak Mahindra Asset Management Company. The main purpose of Kotak PMS is to invest on our clients’ behalf to assist them reach their financial and personal goals.
Kotak Special Situations Value Series I & Series II
Fund Snapshot
| Year of Inception | 2017 |
| Number of Stocks | 20-24 |
| Investment Horizon | Long Term |
| Fund Managers | Anshul Saigal |
Fund Overview
Kotak Special Situations Fund invests strategically in businesses with a focus on all industries. Using a mix of suitable instruments, the Fund invests with the primary goal of earning long-term capital appreciation and returns in the form of interest, dividends, capital gains, or shares of profits.
To capitalise on the unusual conditions and stressed assets potential in India, we invest across industries. In addition to real estate, healthcare, infrastructure, electricity, consumer goods, industrials, information technology, and financial services, we also have experience in a wide range of other industries. Rising income levels, higher consumption, and favourable demographics in India will boost all of these industries. Investors might anticipate significant returns from distressed ventures given these underlying factors and the appealing entry prices.
Investment Philosophy
The Kotak Special Situations Value aims at long-term wealth by investing in the following two opportunity types:
– Stocks trading at discount value
– Value unlocking through events like delisting, demergers, and more.
The investment revolves around value and special situations.
Investment Strategy
The investment goal of the Fund is to achieve target returns by primarily investing in exceptional circumstance or distressed opportunities in India. Debt, equity, and mezzanine instruments are frequently used in investments. These are the main objectives of our investing strategies:
Special Situations: Due to legal limits on banks and non-banking financial organisations, there may be certain unique opportunities in specific exceptional situations. This will comprise scenarios including promoter financing, group restructuring, and investor take-out finance.
Asset Acquisitions: a small firm with continuous operations but significant assets that may be sold to make money. In these situations, we consider pure asset plays, in which we invest in companies that have assets like real estate, hotels, or other types of commercial assets. Returns are mostly produced by selling underlying assets to one or more parties over time.
Stressed Assets: has a good and steady outlook for company and professional management. Nonetheless, these companies can be experiencing financial strain due to a number of temporary or external factors. In these situations, we collaborate with current promoters by providing the necessary financial assistance.
IBC Opportunities: Where a change or augmentation of management is required to improve performance for regulatory reasons and where company prospects are favourable and steady. In these situations, we work in partnership with an operational or strategic partner to buy and restructure the company.
How It Is Different
Kotak Special Situations Fund differentiates itself in the following ways:
The Fund is focused on opportunities in special situations like investor take-out financing, group restructuring and promoter financing, credit and distressed assets under Insolvency and Bankruptcy Code (IBC), pre-IBC opportunities, and assets under liquidation.
The Fund has a broad mandate to invest across asset types and sectors with a flexible approach to investing and structuring.
The Group and team has a profound understanding of various sectors and experience of working with Indian promoters over last 30+ years.
Unique Feature
Benefit from a combo of value opportunities and special situations
Learn about the experienced fund managers responsible for investment decisions, portfolio strategy, and long-term fund performance.
Anshul Saigal
Anshul Saigal is a distinguished investment professional with over 22 years of experience in the Indian capital markets, most notably serving as the Chief Investment Officer and Head of Portfolio Management Services (PMS) at Kotak Mahindra Asset Management. A staunch advocate of value investing and behavioral finance, Saigal is recognized for his disciplined approach to identifying mispriced opportunities and "special situations." His career includes pivotal roles at J.P. Morgan, ICICI Bank, and Standard Chartered, where he honed his expertise in equity research and corporate credit. An alumnus of MDI Gurgaon and SIT Tumkur, he transitioned in late 2023 to managing proprietary capital through his family office. Saigal remains a sought-after market strategist, frequently providing insights on long-term wealth creation and the psychological biases that influence market cycles.
Find answers to common questions about fund investments, performance, portfolio strategy, and investor services.
Kotak Special Situations Value Series I & II are alternative investment strategies managed by Kotak Mahindra Asset Management Company that focus on special situations, distressed opportunities, and undervalued businesses in India. The fund aims to generate long-term wealth creation through value investing and event-driven opportunities.
The fund primarily focuses on: Stocks trading below intrinsic value Demergers and delisting opportunities Stressed and distressed assets Promoter financing situations Group restructuring cases IBC and pre-IBC opportunities Asset monetization plays involving real estate, hotels, and commercial assets
The strategy follows a sector-agnostic approach and invests across industries including healthcare, infrastructure, real estate, industrials, information technology, consumer goods, financial services, and power. The flexible mandate allows the fund to capture opportunities wherever value emerges.
Unlike traditional equity-focused funds, Kotak Special Situations Value uses a flexible structure involving debt, equity, and mezzanine instruments. It specifically targets event-based and distressed opportunities where value unlocking can happen through restructuring, turnaround strategies, or asset sales.
The strategy is managed by Anshul Saigal and focuses on concentrated investing with approximately 20–24 stock ideas, aiming to benefit from long-term value creation and special situation opportunities in India.
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Disclaimer: Investing in AIF, PMS, Gift City or Mutual Fund is subject to market risk. Please read the related documents carefully. Past performance does not guarantee future results and there is no assurance that the managed accounts will necessarily achieve their objectives. Actual portfolios may differ as a result of account size, client-imposed investment restrictions, the timing of client investments and market, economic, and individual company factors. We at ALTPORT do not guarantee any returns in the hands of investors, nor do we take any sort of accountability for the performance of the scheme.