Kotak Mahindra Asset Management (Singapore) Pte. Ltd. (Singapore)

Kotak Mahindra Asset Management (Singapore) Pte. Ltd. is a large advisory firm based in Singapore. It manages $3.44 billion of regulatory assets for 25 client accounts. It has been registered with the SEC as an adviser since 2016.

Kotak Mahindra Asset Management (Singapore) Pte provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Kotak Mahindra Asset Management (Singapore) Pte: assets under management

The assets under management (AUM) of Kotak Mahindra Asset Management (Singapore) Pte. Ltd. is $3.44 billion. The firm's AUM has grown by 29% since the beginning of its operation, and $359.97 million of the total AUM is attributable to clients outside of the United States.

The firm manages $3.36 billion in discretionary accounts and $84.34 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $159.94 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $21.08 million.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kotak Mahindra Asset Management (Singapore) Pte. Ltd. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ruchit Puri serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Ruchit Puri is pooled investment vehicles with 23 clients and $3.38 billion of assets under management. Among the 10 most similar advisory firms, Kotak Mahindra Asset Management (Singapore) Pte has the 5th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $3.4 billion for 24 clients. 92% of the firm’s clients are foreign persons or businesses.

Kotak Mahindra Asset Management (Singapore) Pte also advises several private funds. Namely, eight other private funds. The minimum investment commitment required of non-related persons ranges from $500 to $250,000.

Careers at Kotak Mahindra Asset Management (Singapore) Pte. Ltd.

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Ruchit Puri has been acting as President since 1 Mar 2014. Shyam Kumar Syamasundaran joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kotak Mahindra Bank Limited	Shareholder	1 Mar 2014	75% - 100%	00-0000000
Nitin Tejpal Jain	Chief executive officer and executive director	1 Mar 2014	Other	6730518
Ruchit Puri	Director	1 Mar 2014	Other	5815327
Gaurang Balkrishna Shah	Director	1 Mar 2014	Other	6144239
Zahid Shuja	Chief compliance officer	1 Mar 2016	Other	6730522
Anil Lohidakshan	Chief financial officer	1 Mar 2016	Other	6144243
Shyam Kumar Syamasundaran	Director	1 Dec 2018	Other	7141176
Nilesh Dhirajlal Shah	Director	1 Dec 2018	Other	7146706

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Uday Suresh Kotak	Executive vice chairman and managing director	1 Feb 2003	25% - 50%	5520816

Based in Singapore

The principal office where Kotak Mahindra Asset Management (Singapore) Pte. Ltd. performs its advisory services is located at 16 Raffles Quay, # 35 02, Singapore, 048581, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number +6563956970 or by fax +6562213458. The normal business hours are 9 am - 5 pm on Monday - Friday.