Manminder Malhi

EVP & Regional Head Guj,MP,UP& UK

[Kotak Mutual Fund @KotakMF]

Our Pan-India Blood Donation Drive is in action across locations today.🩸
We’re honoured to have Mr. Ashok Vaswani and @NileshShah68, supporting our Blood Donation Drive.
Every donation matters, do your bit and help save lives.

Let’s Save Lives Mutually

#BloodDonation #DonateBlood #SaveLives #EveryDropCounts #LetsSaveLivesMutually

[Nilesh Shah @NileshShah68]

While we may not have the size, our asset allocation speaks for itself.

This performance is due to our overweight call on precious metal in FY 26.

Do check our latest asset allocation at https://t.co/nf5VsnG8zk

[Manminder Malhi @manminder26]

https://t.co/vNylUTmLSm

[Kotak Mutual Fund @KotakMF]

Plan today for the life you want tomorrow. Kotak Flexicap Fund invests across large, mid and small caps to tap opportunities through market cycles and help you build long-term wealth.

Invest now: https://t.co/7puf4MxTBI

#KotakFlexicapFund #KotakMutualFund #VoteForLongTermGrowth

[Nilesh Shah @NileshShah68]

Thanks for your detailed analysis.

Most of the times platforms miss simple things.

They don’t even show the performance correctly.

In one of the platforms they show that return of 24.71 % is lower than 21.68 %, 22.12 %, 21.75 %, 17.43 %, 18.02 %, 4 %, 10.88 %, 15.99 %, 13.66 %, 6.37 %, 13.97 %, 8.64 %, 19.27 %, 15.24 %, 9.44%, 20.75 %, 20.76 %, 12.76%,17.68% and 14.73%.

Glad that you bring truth in open with your Reserach.

[Hemant Powale @HPowale]

Special kudos to @NileshShah68 and his prudent team for delivering commendable outperformance by Kotak Multi Asset Allocation Fund in the said category. A simple yet powerful approach, diversified across equities, debt, and commodities makes this a smart investment solution.

[Kotak Mutual Fund @KotakMF]

Thank you for trusting us with your dreams, goals and long-term aspirations! Grateful to all our partners and investors for their continued support.

#KotakMutualFund #6LakhCroreAUM #MilestoneMoment #AUM

[ovas bakshi @OBakshi]

#KotakMutualFund #MonthlyMarketOutlook

[Kotak Mutual Fund @KotakMF]

What does India 2047 look like?
With his signature blend of science and storytelling, @ARanganathan72 painted a bold, thought-provoking picture of the road ahead.

@Nileshshah68 @upadhyayaharsha @Deepak021179 @harishbihani @OBakshi @Manminder26 @Sachinamusood

#YouAndI #India2047 #FutureForward

[Manminder Malhi @manminder26]

RT @KotakMF: Premium valuations don’t happen by chance they’re built on vision, discipline, and strategy.

@NileshShah68 broke it down with…

[Moneycontrol @moneycontrolcom]

@_anujsinghal @IDFCFIRSTBank @ITCCorpCom @NileshShah68 #ReformsReloaded |🚨"Let no institution play into it. There will be no mutual fund and institutions .We'll be fine with it then". Nilesh Shah, MD, Kotak Mahindra Asset Management in conversation with @_anujsinghal

#GST #Taxes | @IDFCFIRSTBank @ITCCorpCom @NileshShah68

[Fortune India @FortuneIndia]

As the US tightens its immigration policies, concerns are growing over the impact on Indian professionals, particularly those from the IT sector, who are seeking opportunities abroad.

https://t.co/WN1IUyZMek

#ImmigrationPolicies #ITSector #H1Bvisa

[CNBC-TV18 @CNBCTV18News]

#ModiAt75 | PM Modi Celebrates 75th Birthday: Tracking India's Economic Journey Since 2014

Nilesh Shah (@NileshShah68), MD, Kotak Mahindra Asset Mgmt:
- Mkts have done very well over the past 5 years, there is a need for consolidation

Soumya Kanti Ghosh (@kantisoumya), Group Chief Economic Advisor, State Bank of India:
- Govt's continued focus on improving ease of living should be the key thing over the next 5-10 years

@_prashantnair @surabhiupadhyay @nigel__dsouza #CNBCTV18Market @TheOfficialSBI
Watch here:
https://t.co/gRql8Pztvd

[CNBC-TV18 @CNBCTV18News]

3 Big Market Bets. 5-Year Outlook. FY26 Playbook. Don’t miss Nilesh Shah LIVE.
CNBC-TV18 ACCESS Membership, now at 50% off—limited time offer!

Visit https://t.co/i73pltpkBX

Become a Member, and Claim your ACCESS today!

#Membership #cnbctv18ACCESS #ACCESS #CNBCTV18 #businessintelligence #exclusiveexperiences #powerofinsight #privilegeofaccess #NileshShah #AccessInteraction #Interaction #MarketIntelligence

[Kotak Mutual Fund @KotakMF]

Our blood donation drive kicked off Pan-India today!
We are honoured to have Mr. Amarjeet Singh (Whole Time Member - SEBI) inaugurate this initiative along with @NileshShah68 and @Manish28Mehta

We urge all of you to do your bit for the society—donate blood, save lives.

🩸Let’s Save Lives, Mutually🩸

#BloodDonation #WorldBloodDonorDay #LetsSaveLivesMutually

[Piyush Goyal @PiyushGoyal]

Addressed leading Mutual Fund Managers & Financial Advisors at an event organised by @KotakMF in Delhi.

Highlighted India's strong forex reserves and its position as the world's fastest-growing major economy, attracting both global and domestic capital.

Today, through initiatives such as ‘Make in India’, our country has become more integrated into global supply chains on the back of our competitive strengths and growing manufacturing capabilities. Reiterated that our growth story is safe, secure, and stable.

[Nilesh Shah @NileshShah68]

Restaurant pe restaurant. Restaurant pe restaurant
When will it stop?

With so many restaurants, people end up overeating, paying a very high markup for restaurant food, and incurring high medical costs due to overeating.

The system wants to keep you unhealthy.

Well, the solution is not to stop eating or shut down restaurants.

The solution is to consult a good dietitian and find what is best for you from a health and pleasure point of view.

You don't eat at every restaurant you see, you don't order the entire menu but use your discretion to select food for your health. The same thing applies to wealth.

Get a good dietitian for health and a good Mutual Fund Distributior or Advisor for wealth.

[Nilesh Shah @NileshShah68]

Take a Dip in the SIP during the auspicious period.

[Nilesh Shah @NileshShah68]

Myth and reality

The AUM growth of MF Industry is majority driven by Mark to Market growth. That has zero impact on Bank Deposits.

MF industry doesn't deal in cash.
All subscription received or redemption paid is only through bank accounts. Our flows / AUM remains part of the banking system. In fact since there are no leakages, flows into MF industry actually increases velocity of money and help create more deposits.

As per the RBI, financial flows of household has gone substantially more to Insurance, Pension and PF, small savings and currency, than mutual funds in between FY 20-22.

The question which needs to be answered is why despite UPI, Indians have put more money in currency notes than mutual funds or equities in last three years?

The key to the riddle of bank deposit growth probably lies in that as currency reduces velocity of money and directly impacts deposit growth.

[Nilesh Shah @NileshShah68]

household Finacial Flows between FY 21 to 23 shows ( Source : The RBI )

Households put

- Rs 31,64,910 Cr (36.8%) in Bank Deposits

- Rs 17,28,331 Cr (20.1 %) in Pension / PF

- Rs 15,69,373 Cr (18.2 %) in Insurance

- Rs 889,253 Cr ( 10.3 % ) in currency notes.

- Rs 683,113 Cr ( 7.9 %) in Small savings

-Rs 4,03,772 Cr ( 4.7 %) in Mutual Funds

- Rs 110,183 Cr ( 1.3 % ) in Equities

- Rs 52,872 Cr ( 0.6% ) in other assets

Few things which are noticeable

Households are conservative investors
- 94% of flows goes towards fixed income
- equity gets paltry 6 % of flows

House holds prefer convenience over return
- higher yielding small savings gets 1/5 th of lower yielding Bank deposits

House holds prefer predictability over volatility
- predictable asset classes gets 16 times more flows than volatile asset classes

Household are earning below Inflation return on most of their portfolio
- No hope for generating real return / better than inflation as 10 % allocation is in currency notes which yields zero and 84 % to low yielding fixed Income.

Households prefer convenience / tax avoidance over return
- asset class like cash which helps in convenience / tax avoidance gets more than double flows than high return asset class like mutual funds.

If Indians have to become wealthy and financially secured than financial literacy is must among households whereby
- They invest for Real Return
- They take volatility in stride
- They prefer paying tax and generate higher yield

At Kotak MF we have made a small attempt to light candle to dispel the darkness in collaboration with CBSE in imparting financial literacy to 75000 + teachers ( majority women teachers ) across 100 + locations over 1000 + physical events.

PRAY THAT EVERY INDIAN IS FINANCIALLY SECURED WITH BETTER FINANCIAL LITERACY