The comments come against the backdrop of the fund house seeking more time for payouts with respect to Fixed Maturity Plans (FMPs).
Commodity cost pressure has also abated since then and this bodes well for the future trajectory of growth, said Shibani Kurian of Kotak Mahindra Asset Management
As of now, the company's total assets under management stands at Rs 87,000 crore in mutual fund and Rs 1,400 crore in portfolio management services in addition to it.
Current consolidation is just a pause in an otherwise strong market and factors like good monsoon and Seventh Pay Commission are likely to provide a thrust to economic recovery, Nilesh Shah, Managing Director of Kotak Mahindra Asset Management Company, tells CNBC-TV18.
As per the scheme, investors can redeem 0.75 percent of their investments at the prevailing net asset value on a monthly basis.
"Inspiration to invest in KMAMC's schemes only has come from our 250 plus staff themselves. Even though it is true that employees' investments in our schemes are a miniscule percentage of our total AUM of Rs 48,076.58 crore," Kotak Mahindra AMC managing director Nilesh Shah told PTI.
Kotak Mahindra MF has launch ‘Kotak Gold Fund’ an unique open ended fund that will enable investors to take exposure to gold without having a demat account.