Kotak Mahindra Limited has achieved a major achievement. The company has received approval from UAE’s Securities and Commodities Authority (SCA) to run investment fund management and portfolio management activities. KMIL has the distinction of becoming the first Indian company to get this license. This step will not only strengthen financial cooperation between India and the UAE, but will also open new opportunities for cross -border investment services. Following this approval, the company will now be able to launch UAE-domicild funds, especially for retail investors in the UAE, which will give investors a chance to participate in India-centric investment strategies.
On this achievement, KMIL President and Head, Shyam Kumar said that this license is proof of the company’s long -standing commitment to the UAE and its aim is to provide access to investors to the capital markets transparent and globally connected globally. He said that India’s rapid growing economy is attracting the whole world and now UAE investors will also be able to become part of this growth journey of India.
The company plans that these new funds will be launched by the last quarter of Cy2025. These funds will be linked to their pre-successful UCITS (luxury-based) and India-domisic strategies. In this way, the Kotak Group will strengthen its global presence even more. Kotak is constantly strengthening its hold in the international investment world with regulatory approval in India, America, Britain, Singapore, Mauritius and now UAE.
