Kotak Mutual Fund (KMF) is expanding its footprints across distribution networks in Madhya Pradesh.
The fund-house has also taken the initiative to educate investors on how to create wealth using Systematic Investment Plans (SIP). To talk about SIP and awareness campaigns, Manish Mehta, National Head (Sales and Distribution Alliances) was present in Bhopal on Friday.
Talking to the media persons,he said, “Indian MF industry is in a growth phase with investors willing to test equity mutual funds.” He said that Mutual Funds are growing at a rate of 15% annually in the country.
“We are active propagators of Systematic Investment Plan (SIP), which is gaining immense popularity among investors, as an effective tool for regular and disciplined investments. With SIP one need not worry about market volatility or timing the market,” he added.
He further added, “SIP has been a key focus area at Kotak Mutual Fund. Our SIP books have grown almost 10 times in the last three years. Our ‘SIP Day’ investor awareness campaign has been a resounding success with over 70,000 people opting to invest through SIPs.”
Kotak Mutual Fund is currently present in four locations across Madhya Pradesh with support from over 1450 channel partners, he added.
KMF continues to create awareness on mutual funds, financial planning through its Investor Awareness initiatives. He also said that their investor awareness campaign has been a resounding success with over 70,000 people opting to invest through SIPs.