Kotak Mahindra Asset Management Company, one of India’s leading mutual fund houses, has been awarded the ‘Best Debt Fund House’ at the Outlook Money NDTV Profit Awards 2009 for the three year period ending June 30, 2009. Kotak AMC was one amongst 12 fund houses with an AUM of Rs 15,000 crore or more (as on June 30, 2009) to be short-listed in this category. Performances of schemes within fund houses were accounted for on the basis of their out-performance over peer averages and top quartile (five- and four- star rating) appearances.
Speaking on the occasion, Mr. Sandesh Kirkire, Chief Executive Officer, Kotak Mahindra Asset Management Company said, “At Kotak Mahindra AMC we believe in offering investors financial solutions that will add value to their investment portfolio with a focus on long term wealth creation. Consistent fund performance and product innovation are our key pillars. This award is a reiteration of our expertise in the debt space and a culmination of the efforts of our fund management team.
The fund houses were ranked on an evaluation process that considered the following parameters:
* Quantitative: This focused on criteria like the performance of the fund house/AMC vis-a-vis the category average and the number of in the top quartile.
* Qualitative: The facilities that the fund house/AMC offers and the satisfaction level of investors.
Final winners were arrived at after assigning weights, as ratified by the jury.
The Outlook Money Awards 2009 was formally kicked off on 27 July. The awards jury comprised of R.H. Patil, chairman, The Clearing Corporation of India, Anil Khandelwal, former CMD, Bank of Baroda; Ravi Narain, managing director and CEO, National Stock Exchange; S.B. Mathur, secretary general, Life Insurance Council; Arun Thukral, managing director, Credit Information Bureau (India); G. Sethu, director, National Institute of Securities Markets and Udayan Ray, editor, Outlook Money.
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