Ankit Sancheti Joins Kotak Mahindra (UK)'s Fund Management Team
Kotak Mahindra (UK) Ltd. (KMUK), a wholly owned subsidiary of India's Kotak Mahindra Bank Ltd., today announced the appointment of Ankit Sancheti as a Fund Manager. Ankit will be responsible for Kotak's range of mid-cap equity funds.
- (1888PressRelease) August 27, 2011 - Ankit joins Kotak Mahindra (UK) Ltd with eleven years of fund management experience. Prior to his joining Kotak he worked as a Fund Manager for Birla Sunlife Mutual Fund, where he oversaw five funds including the 5-star rated BSL Dividend Yield Fund[1].
His previous experience includes time at ING Investment Management and Development Credit Bank. He will be based out of Singapore, and will be working with Nitin Jain, Principal Fund Manager for Kotak's Long Only Strategy.
Commenting on the appointment, Nitin Jain said: "Ankit is one of the most talented India specialist fund managers around. He has consistently delivered excellent returns for investors making him a valuable addition to the Kotak team that focuses on the vibrant mid-cap space.
"We believe it is essential to have specialist and experienced Indian fund managers to fully unlock the great potential within the Indian market. Ankit's appointment reflects our commitment to offering investors the strongest fund management team available."
Kotak Mahindra (UK) Ltd. (KMUK) specialises in providing India-specific investment strategies and solutions to global investors through a wide range of mutual funds as well as sub-advisory arrangements. The company has a registered office in London and branches in Dubai and Singapore.
Kotak's Indian mid-cap strategy is focused on capitalising on growth in more specialised opportunities outside those tied more closely to macro-level GDP growth. The Indian stock market's capitalization is heavily skewed towards large caps (those with a market cap of greater than US$2.1billion), yet mid-caps represent the bulk of listed stock in number. Of the 3000 listed companies tracked by Bloomberg in India, 114 companies fall under this large cap category representing 76% of the total market cap.
[1] BSL Dividend Yield Fund was ranked as a 5-star fund by the ICRA (and affiliate of Moody's Investor Services in India) indicating performance among top 10% in the category of "Open Ended Diversified Equity - Aggressive" for 1 year period ending 31st December 2008
About Kotak Group
Established in 1985, the Kotak Mahindra Group is one of India's leading financial services institutions. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the group's flagship company, received the banking license from the Reserve Bank of India (RBI). With this, KMFL became the first non-banking finance company in India to become a bank - Kotak Mahindra Bank Ltd.
The Kotak Mahindra Group has a consolidated net worth of approximately US$ 2.5 billion as on June 30, 2011. The Group offers a wide range of financial services that encompass every sphere of life. From commercial banking, to stock broking, mutual funds, life insurance and investment banking, the Group caters to the diverse financial needs of individuals and the corporate sector. The Group has a wide distribution network through branches and franchisees across India, and international offices in London, New York, California, Dubai, Abu Dhabi, Bahrain, Mauritius and Singapore.
About Kotak Mahindra (UK) Limited ("KMUK")
Incorporated in the United Kingdom and authorized & regulated by the Financial Services Authority in the United Kingdom, KMUK is a member of the London Stock Exchange in the International Order Book Segment and is registered with the Securities Exchange Board of India as a Foreign Institutional Investor (FII). KMUK has its branch offices in Singapore and Dubai which are regulated by the Monetary Authority of Singapore and the Dubai Financial Services Authority respectively. KMUK is also registered as an investment adviser with the Securities and Exchange Commission, USA.
Important Notice
The views mentioned above are that of the fund management team at Kotak group and are not intended as a recommendation or for the purpose of soliciting any action in relation to any investments, or to be otherwise relied upon for any purpose.
In the preparation of the material contained in this document we have used information that is publicly available, including information developed in-house. Information gathered & material used in this document is believed to be from reliable sources. We do not warrant the accuracy, reasonableness and/or completeness of any information.
Investments in India are subject to a number of risks including, but not limited to, risk of losing some or all of the capital invested, high market volatility, variable market liquidity, geopolitical risks (including political instability), exchange rate fluctuations (between the currency of the fund's share class and the Indian Rupee), changes in tax regime and restrictions on investment activities of foreign investors. In addition, shares in the funds may not be readily redeemable. Past investment performance should not be viewed as a guide to, or indicator of, future performance and the value of investments and the income derived from them can go down as well as up. Investments in India should be considered only as part of a diversified overall portfolio of assets. Detailed information on the fund and associated risks is contained in the funds' prospectus.
###
space
space
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam