Earlier in May, SEBI issued similar show-cause notices to both HDFC AMC and Kotak AMC.
Withholding payment pending recovery of money in a closed-end, fixed tenured product such as FMP violates the spirit of the product itself.
Kotak AMC did not specify how it will pay off its unitholders the money it would realise around its maturity (8 April; as per Value Research) and how it would segregate- and at what net asset value- the troubled debt securities.
The year gone by ‘2018’ was by far one of the toughest in terms of making money. Hence, there were a lot of expectations surrounding this budget especially given that this is an election year.
volatility is going to be the name of the game and for the next one year market will be difficult to navigate, said Shibani Sircar Kurian, VP & Head-Equity Research, Kotak AMC
Being a woman is a wonderful thing. We have more choices and more opportunities to realise our potential in today's world. The only thing that can perhaps limit a woman today is her own imagination and of course her financial reality.
Pankaj Tiberwal said that he believes that cyclical recovery in the economy is underway and sees the midcap space as an exciting and wealth generating one over the next 3-5 years.
Nilesh Shah of Kotak AMC says China events create an opportunity for India if marketed well. "We need to demonstrate to the world that we have grown companies like Maruti, which have grown beyond its parent here."
A combination of rising urban consumption, interest rate cuts and increased government spending is likely to come together to push Indian markets higher, says Nilesh Shah, Managing Director at Kotak Mahindra Asset Management Company.
In the immediate term, June quarter earnings, monsoons in July and legislative progress in Parliament are important, says the Kotak Mutual Fund chief.
In the past 20 years 80% of Indian listed stocks gave returns less than the average inflation rate of 7%; while a small minority of 20% of stocks gave returns higher than the average nominal GDP growth of 14%.
Kotak AMC's Alroy Lobo expects Indian market to show an improving trend going forward. He believes liquidity will return to India owing to its strong market fundamentals
Sandesh Kirkire, Kotak MF, says that the interest of the retail investors on both equity and fixed income front is on a rise, more on fixed income side. We have seen a significant change in the entire portfolio of the industry from the shorter-end fixed income to longer-end fixed income.
Alroy Lobo of Kotak AMC believes global events are likely to determine the market direction ahead, with issues in the Eurozone remaining the key overhang.
Alroy Lobo, chief strategist & global head at Kotak AMC expects liquidity conditions to remain fairly buoyant after the European Central Bank's second offering of three-year funds on Wednesday.
Alroy Lobo, Chief Strategist & Global Head- Equity Asset Management, Kotak AMC is underweight on the infra space.
Reliance mutual fund has overtaken HDFC mutual fund to become the country's most profitable fund house, as per their profit figures for the latest financial year.
Alroy Lobo, Chief Strategist Global Head - Equity Asset mgmt, Kotak AMC is positive on the IT space.
Alroy Lobo, Chief Strategist Global Head - Equity Asset mgmt, Kotak AMC is underweight on autos.
Alroy Lobo, Chief Strategist Global Head - Equity Asset mgmt, Kotak AMC is underweight on infrastructure space.
Alroy Lobo, Chief Strategist Global Head - Equity Asset mgmt, Kotak AMC is overweight on Bharti Airtel.
Alroy Lobo, chief strategist global head of Equity Asset Management, Kotak AMC, said that the Indian market is likely to recover in the second half of the year since macroeconomic issues seem to fade away.
Alroy Lobo, Chief Strategist & Global Head- Equity Asset Management, Kotak AMC in an interview on CNBC-TV18 spoke about where he sees the market headed. He says crude oil prices continue to be a dominant factor affecting market sentiment.
IT services space is a good bet, says Alroy Lobo, Chief Strategist & Global Head- Equity Asset Management, Kotak AMC.
Alroy Lobo, chief strategist and global head- equity asset management at Kotak AMC feels that higher oil prices will weigh on market sentiments and will remain as a key concern till oil prices come off.