Latest news with #KotakMahindraBank
Time of India
8 hours ago
- Business
- Time of India
Post-Covid surge in MF AUM share reflects structural change in financial intermediation: Uday Kotak
The post-Covid mutual fund share—mainly in equities—has doubled to 31% of bank deposits, reflecting a structural change in financial intermediation , said Uday Kotak , Founder & Director of Kotak Mahindra Bank , on a social media platform. He also noted that India's savers have become investors, signalling a shift in how people manage their money. The traditional image of Indian households parking most of their wealth in fixed deposits is steadily evolving. Also Read | Up 29% in 5 months! Should you invest or avoid gold mutual funds? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo Uday Kotak posted on social media platform X, 'India's saver turns investor. Post-Covid, mutual fund AUM share—mainly equity—has doubled to 31% of bank deposits. Reflects structural change in financial intermediation. It grows domestic risk capital and creates an equity culture. But let's be alert about excessive exuberance.' India's saver turns investor. Post Covid, mutual fund AUM share, mainly equity,has doubled to 31% of bank deposits. Reflects structural change in financial intermediation. It grows domestic risk capital and creates an equity culture. But let's be alert about excessive exuberance. — Uday Kotak (@udaykotak) June 20, 2025 He posted an image stating that mutual fund assets are now nearly a third of bank deposits, accompanied by data from FY15 to FY25, including the latest available reading for May. In FY15, mutual fund AUM as a proportion of bank deposits stood at 13%, which has risen to 29% in FY25. Live Events The data showed temporary declines in FY20 and FY23. In FY20, the ratio dropped to 16% from 20% in FY19, while in FY23, it dipped to 22% from 23% in FY22. The most recent data point from May 2025 shows the ratio at 31%. According to Uday Kotak, this surge contributes to the growth of domestic risk capital and fosters an equity investment culture. Also Read | Deepak Shenoy's Capitalmind Mutual Fund files its first draft document with Sebi for a flexi cap fund This trend helps build domestic risk capital, reduces dependence on foreign money, and strengthens the long-term depth and resilience of our capital markets. Yet, one must remain mindful of excessive exuberance.
Mint
8 hours ago
- Business
- Mint
Be alert about...: Uday Kotak hails Indian savers' transformation into investors but cautions against THIS
Indian stock market: Billionaire banker Uday Kotak, the founder and director of Kotak Mahindra Bank, highlighted a key transformation underway in India's financial landscape: investors preferring equity markets over bank FDs. However, he also shared a word of caution amid the growing equity culture. Kotak, in a recent post on social media platform X, wrote, 'India's saver turns investor. Post Covid, mutual fund AUM share, mainly equity, has doubled to 31% of bank deposits.' This succinct statement encapsulates a significant shift in the mindset of Indian households — from parking money in traditional bank deposits to actively investing in capital markets, particularly through mutual funds. Before the COVID-19 pandemic, Indian households predominantly preferred safe instruments like fixed deposits for saving money. Equity investments were often seen as risky and suitable only for a small section of financially literate or affluent individuals. However, the post-pandemic era has marked a change in this conservative approach. The share of mutual fund assets under management (AUM), largely driven by equity funds, has now grown to 31% of total bank deposits — a stark contrast to pre-COVID levels, where the share was significantly lower. According to the data shared by Kotak, the mutual fund AUM as a proportion of bank deposits was 13% in FY15, which increased to 21% in FY21, and now stands at 31% as of May 2025. The latest data from Association of Mutual Funds in India (AMFI) showed that the total AUM of mutual funds stood at ₹ 71.93 lakh crore in May, registering a 3% growth from ₹ 69.73 lakh crore in April. The pandemic prompted many individuals to reassess their financial planning, creating a stronger awareness of the importance of long-term wealth creation. With fixed deposit returns remaining relatively low and inflation impacting real returns, more people began exploring mutual funds for better yields. The rise of user-friendly investment platforms also made mutual fund investing more accessible to the masses, especially young investors. Another major contributor to this shift has been the widespread adoption of Systematic Investment Plans (SIPs). AMFI data showed that the monthly inflow into mutual funds through the SIP route rose by 0.21% to a fresh high of ₹ 26,688 crore in May. Additionally, the number of contributing SIP accounts in May rose to 8.56 crore against 8.38 crore in the previous month. The Indian stock market has witnessed a remarkable rally since the lows of the COVID-19 pandemic. Over the past five years, the benchmark Sensex has surged by 137%, while the Nifty 50 has advanced 145%. Broader markets have significantly outperformed the frontline indices during this period. The Nifty Smallcap 100 and Nifty Midcap 100 indices have each delivered nearly 300% returns over the last five years, underscoring the growing participation and interest in mid- and small-cap segments. While celebrating the shift from saving to investing and the impressive returns across market segments, Uday Kotak offers a timely caution: 'But let's be alert about excessive exuberance.' This serves as a prudent reminder that rapid market gains can often lead to over-optimism and speculative behavior. As valuations soar and investor participation widens, there is a risk of complacency or irrational expectations setting in. Kotak's message underscores the importance of maintaining financial discipline, focusing on fundamentals, and being mindful of potential market corrections — especially in an environment where sentiment can shift swiftly. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
10 hours ago
- Business
- Time of India
India's saver turns investor: Uday Kotak spots a big shift in India's money habits
Veteran banker Uday Kotak on Friday said that India is witnessing a structural shift in its financial landscape, with savers increasingly turning into equity investors . In a post on X (formerly Twitter), Kotak noted that the share of mutual fund assets under management (AUM) primarily in equity schemes has doubled to 31% of bank deposits in the post-Covid period. 'India's saver turns investor. Post-Covid, mutual fund AUM share, mainly equity, has doubled to 31% of bank deposits,' said Kotak, founder and director of Kotak Mahindra Bank . He added that the trend reflects a 'structural change in financial intermediation,' strengthening the domestic risk capital base and nurturing an equity culture in the country. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo — udaykotak (@udaykotak) However, Kotak also sounded a note of caution: 'Let's be alert about excessive exuberance,' he warned, implying that investors and regulators must guard against overheating in the equity markets. Live Events The shift comes amid a sustained rise in retail participation in stock markets.
Time of India
2 days ago
- Business
- Time of India
Cloud 3.0: Reinventing infrastructure for the AI-first enterprise
As cloud infrastructure enters its third major evolution, the rules of the game are shifting. What was once about cost and scale is now about intelligence, embedded AI, autonomous operations, and regulatory readiness. The arrival of Cloud 3.0 is transforming not just IT infrastructure—but the very fabric of how businesses operate, innovate, and a dynamic fireside chat at the ETCIO Annual Conclave 2025, moderator Sneha Jha, Editor, ETCIO, explored this next frontier with two leaders navigating complex, high-scale cloud journeys: Ruma Kishore, Director – Global Business Digital Transformation, UnileverRavi Kumar, Sr. EVP & Head of Technology, Kotak Mahindra Bank Together, they offered a blueprint for CIOs seeking to thrive in the age of AI-native, cloud-agnostic infrastructure. Cloud 3.0 is already here—If you're ready to see it 'Two-thirds of the planet uses a Unilever product,' said Ruma Kishore, grounding the conversation in scale. For a global FMCG behemoth, Cloud 3.0 is not hype—it's embedded in the DNA of transformation. 'We completed a full migration to cloud by 2023. SAP on Azure. Sales and CD on GCP. A truly multi-cloud architecture .' But Cloud 3.0 is not about infrastructure alone—it's about intelligence and autonomy. In Unilever's case, AI-powered digital twins and a manufacturing metaverse are now deployed across 270+ factories globally. 'We're seeing real operational gains—not in theory, but through business outcomes. From productivity to efficiency, Cloud 3.0 is at the core.' Yet even with all the promise, Kishore cautioned: 'Sometimes, you need to peek behind the cloud.' Whether it's security, resilience, or vendor transparency—leaders must go beyond abstraction and inspect how cloud services are actually architected. In banking, Cloud 3.0 is no longer a luxury—It's a survival imperative For Ravi Kumar of Kotak Mahindra Bank, Cloud 3.0 is the foundation for staying relevant in a world dominated by cloud-native fintechs . 'Fintechs are born in the cloud. They're fast by default. Banks need to rebuild—not just modernize—if we want to keep up.' This means moving from monoliths to microservices, adopting API-first thinking, and deploying self-healing and self-provisioning systems to scale securely. 'Every digital customer experience you see today—from UPI to wealth—is backed by cloud-native infrastructure. But the real change must start at the core.' Kotak is reshaping its data and application architectures to enable real-time analytics, cloud-native personalization, and population-scale performance. AI at scale: The new benchmark of cloud success Kishore offered a striking example of how Unilever is reducing time-to-market through cloud-powered in-silico R&D. From deodorant biomechanics to sunscreen melanin formulations, R&D models are now run virtually—cutting the cost and time of physical experimentation. 'Our cloud lets us simulate, iterate, and scale insights faster than ever before. We're collapsing the distance between consumer signals and product creation.' Kumar echoed this shift: 'The faster you turn data into insight, the more competitive you become. That's only possible on a cloud-native AI stack.' Governance, not just agility, defines cloud 3.0 While agility is the promise, governance is the price of admission. In highly regulated industries like BFSI, Cloud 3.0 is impossible without airtight frameworks. Kumar emphasized that regulators like RBI aren't mandating sovereign clouds—but they do demand uncompromising data governance. 'Zero trust isn't optional. Encryption, posture management, observability—it all needs to be part of your architecture from day zero.' He noted that FinOps, MLOps, and continuous audit-readiness are essential to staying compliant while still scaling innovation. As the session drew to a close, Kishore looked forward to an AI-shaped cloud landscape. 'From edge devices to centralized cloud, AI will make us think harder about where we compute—and why.' She advocated for "spectrum thinking": balancing distributed intelligence at the edge with centralized cloud scale, guided by business context over technology obsession. Kumar's advice to CIOs starting their journey was clear: 'Build flexible architectures—but start with strong guardrails. Design for change, not just control.' Cloud 3.0 is not just about better infrastructure—it's about redefining enterprise agility and intelligence. From Unilever's cloud-native digital twins to Kotak's regulatory-ready AI architectures, the session revealed a future where: Cloud-native architectures enable real-time, AI-driven business decisionsZero trust and data sovereignty are built into design—not added on laterDigital R&D and intelligent edge computing will define industry speed Governance, not hype, will separate the agile from the fragile
India Today
3 days ago
- Business
- India Today
Sensex opens flat, Nifty below 25,000; Titan down 1%
Benchmark stock market indices opened marginally higher but quickly shed gains to trade in red amid rising geopolitical tensions. Pharma, healthcare and consumer durable stocks declined in early trade, dragging S&P BSE Sensex was down by 194.71 points to 81,601.44, while the NSE Nifty lost 69 points to 24,877.50 as of 9:28 VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said that despite the escalation of the Iran-Israel conflict globally stock markets are steady and "The decline in the US volatility index CBOE suggests that markets are unlikely to correct sharply unless the conflict takes a dramatic turn for the worse. The main contributor to the market resilience is retail investors using every dip in the market as a buying opportunity," he top gainers on the Sensex were led by NTPC, which rose 0.63%, followed by Kotak Mahindra Bank with a gain of 0.61%. Axis Bank climbed 0.54%, while Asian Paints rose 0.43% and Adani Ports added 0.31% to open the losing side, IndusInd Bank was the worst performer, declining 1.22%, followed by Sun Pharma which fell 1.10%. Bajaj Finance dropped 1.03%, Titan Company lost 0.99%, and Bajaj Finserv declined 0.95% during the early trading session."Valuations do not appear to deter retail investors. During the last 4 trading days after the conflict started, FIIs sold stocks for Rs 8,080 crores. This FII selling has been completely eclipsed by DII buying of Rs 19,800 crores. Sustained retail funds flows, mainly through SIPs, are empowering the DIIs to buy consistently," said Vijayakumar. advertisement"Nifty has support at 24500 level and is likely to face resistance at 25000 level. Even while exercising some caution, it makes sense to remain invested in this market and to buy the dips," he added.
