About Company
Kotak Alternate Asset Managers Limited
Kotak Mahindra Asset Management Firm Limited, a company registered under the Companies Operate, 1956, on August 8, 1994, was appointed to act as the Investment Manager of Kotak Mahindra Mutual Fund via Investment Management Agreement dated May 20, 1996, as revised up to the present. It is fully owned by Kotak Mahindra Bank Ltd. The Company has received clearance from the Division of Funds, Investment Management Department, under the SEBI (Portfolio Manager) Regulations, 1993, and the Mutual Funds Division of SEBI under the SEBI (‘Mutual Funds’) Regulations, 1996, to provide Portfolio Management Services.
Kotak India Renaissance Fund-I
Fund Snapshot
| Investment Manager | Kotak Mahindra Asset Management Company Limited |
| Fund Type | Open-Ended Category III Alternative Investment Fund |
| Initial Contribution | Minimum 1 Crore |
| Fund Strategy | Long-Only Fund |
| Subscription Period | Fortnightly* |
| Redemption Period | Quarterly Exit with 30 Business Days Notice* |
| Exit Load | 2% within 12 months; 1% between 12 months to 18 months from the date of subscription |
| Benchmark | Nifty Midcap 100 TRI |
| NAV Frequency | Once a Month |
| Tax Treatment | For Tax Consideration, please refer to relevant section XI in the PPM * |
The Asset Management Strength of Kotak
- Over 20 years of fund management experience may be found at Kotak Mahindra Asset Management Company (KMAMC). In December 1998, it began operating. As of March 31, 2022, KMAMC ranked as the fifth-largest fund firm in India in terms of average quarterly AUM.
- One of the first few private companies in India to be certified to administer pension funds
- Providing solutions to clients in other countries for more than 15 years
- The Monetary Authority of Singapore regulates Kotak Mahindra Asset Management (Singapore) Pte. Ltd., which is also a Registered Investment Advisor with the SEC in the United States.
Kotak’s Edge
With a focus on India and a worldwide presence, Team Kotak is dedicated to offering investors worldwide investment management services of the highest caliber.
- ‘India-Only’ manager with strong ties to one of the biggest private banks, extensive network
- Worldwide presence and a wealth of expertise in managing capital across asset classes.
- 20 years of expertise managing assets for customers that are based overseas
- Large teams present on the ground to ensure comprehensive and wide-ranging research coverage
- A cautious, institutional investment strategy combined with effective risk management
- Solid knowledge of Indian corporate governance frameworks
- Successful asset management firm with over $50.46 in total assets under management
- Offshore fund structures that are knowledgeable about global legislation
What Kotak Avoid
Practically speaking, it is harder to know what is good than what is terrible. Therefore, Kotak first concentrate on eliminating “poor” along the following 10 categories before deciding between the “cannot be rejected on any factor.” Avoid corporations with inferior traits and poorly controlled businesses.
They are seeking businesses with the following qualities:
- Good theme
- Large market opportunity
- Favorable industry dynamics
- Low potential for disruption
- Sustainable competitive advantage
- Strong management/background/strategy/growth
- Strong corporate governance & Execution
- Superior return on incremental Capital
- Medium-term positive triggers
- Reasonable Valuations
Key Themes
- Big Getting Bigger, Strong Getting Stronger
- Revival of Ind Manufacturing & Private
- Real Estate & Home Improvement
- Exports Opportunity
- Digitization
- Financialization
Investment Framework
- Business: Size, Scalability, Competition, Sustainability
- Management: Vision/growth orientation, Corporate Governance, Execution track record, Capital Allocation
- Valuation: Growth at a reasonable price, ROE/ROCE/Free cash flow
Portfolio Construct
- Listed & traded in India: ~4866 stocks
- Market Cap of > Rs 1500 crs: 861 stocks
- Under research coverage: 437 stocks
- Businesses will profit from increased consumer discretionary spending, massive infrastructure investments, and a recovery in GDP. It will benefit businesses with minimal fixed costs, low leverage, and robust balance sheets.
- ~ 25-40 Stock Ideas based on BMV
Dedicated In-house Research Team
- An analyst runs exemplary portfolios. The sector model portfolio.
- Calls for capitalization Internal algorithmic guidance for making allocation recommendations for large-and mid-cap stocks
- Sectors
- Interaction with industrial participants in the sector
- Discussions with sector experts at brokerage houses on a regular basis
- There are typically 8 to 12 management meetings per analyst or fund manager per month.
Stocks:
- Investee company updates every three months
- Businesses with direct coverage receive at least two visits per year
- At least once a year, meet with the senior management.
Reuters Starmine
- All sell-side research is available.
- Choose the most competent sell-side analyst at the stock level
Strategy Synopsis
Objective
Although the Fund will diversify across market caps, it will lean toward mid- and small-cap investments.
Stock Holdings
25 to 40 stocks, chosen from the bottom up
Risk Mitigation
Emphasis on free cash flows and management quality
Flexibility
Unconstrained w.r.t sector
Portfolio Focus – Investment Themes
- Big Getting Bigger, Strong Getting Stronge
- Revival of Industrial Manufacturing & Private sector
- Exports Opportunity
- Real Estate & Home Improvement
- Digitization
- Financialization
Key Sectors
- Consumer Goods: 23%
- Industrial Manufacturing: 17%
- Industrial Manufacturing: 14%
- Pharma: 10%
- Information Technology: 7%
- Chemicals: 5%
- Cement & Cement Products: 6%
- Consumer Services: 4%
- Automobile: 4%
- Metals: 3%
- Fertilisers & Pesticides: 2%
- Construction: 2%
- Cash: 3%
Investment Objective
The Fund’s investment goal is to increase Beneficiaries’ wealth through long-term capital growth through investments in Portfolio Vehicles I that are listed on recognized Indian stock exchanges or (ii) that are expected to be listed. Although the Fund will diversify across market caps, it will lean toward mid- and small-cap investments. The investments may be made in debt instruments, and equity preferred securities, or other products as may be allowed under AIF Regulations.
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Learn about the experienced fund managers responsible for investment decisions, portfolio strategy, and long-term fund performance.
Srini Sriniwasan
S. Sriniwasan (Srini) heads Kotak Alternate Asset Managers Limited (“KAAML”). He is also a part of the Group Management Council that drives Kotak Mahindra Group’s growth charter. Srini has played a crucial role in setting up and building the different asset classes in KAAML including Real Estate, Infrastructure, Special Situations & Credit, Private Equity and Investment Advisory. Overall, KAAML has raised / advised ~USD 9.3 billion in funds across these asset classes. As one of the earliest fund managers to raise and invest capital in India, Srini has introduced significant financing, financial structuring and negotiating skills in the alternate assets industry. Srini joined the Kotak Mahindra Group in 1993. Prior to KAAML, he was a part of Kotak’s investment banking joint venture with Goldman Sachs from inception in 1995, and was co-head of Kotak Investment Banking until 2005. At Kotak Investment Banking, Srini advised leading domestic and international companies on capital raising, M&A and strategic divestitures. Srini is a member of the Confederation of Indian Industry (CII) subcommittee on Capital Markets. He is also a Board member of Asia Pacific Real Estate Association Limited (APREA) & Co-Chairman of the India Chapter. He is also a member of the Governing Council of Global Real Estate Institute (GRI) – India Chapter. He was a Member of the Executive Committee at the Indian Private Equity & Venture Capital Association (IVCA) and is a Member of the Private Credit Council at Emerging Markets Private Equity Association (“EMPEA”). Srini holds a Bachelor's degree in Commerce from Delhi University and an MBA from the Institute of Management Technology (IMT), Ghaziabad.
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Kotak India Renaissance Fund-I is an open-ended Category III Alternative Investment Fund (AIF) managed by Kotak Mahindra Asset Management Company. The fund follows a long-only investment strategy and primarily focuses on mid- and small-cap opportunities in India with the objective of long-term capital appreciation.
The minimum initial contribution required to invest in the fund is ₹1 crore, making it suitable mainly for high-net-worth individuals (HNIs), family offices, and sophisticated investors seeking alternative investment exposure.
The fund invests across multiple sectors with key allocations toward consumer goods, industrial manufacturing, pharma, information technology, chemicals, automobiles, and real estate-linked themes. Its broader investment themes include digitization, exports growth, financialization, and India’s manufacturing revival.
The fund emphasizes strong corporate governance, free cash flow generation, management quality, and sustainable business models. Kotak also avoids companies with weak governance, poor capital allocation, or limited competitive advantages. The portfolio is built using detailed in-house research and sector-level analysis.
Investors can exit quarterly by providing a 30-business-day notice. An exit load of 2% applies within 12 months of investment, while a 1% exit load applies between 12 and 18 months from the subscription date.
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