Pankaj Tibrewal quits Kotak Mutual Fund

Pankaj Tibrewal, Senior Executive Vice President and fund manager, will leave Kotak Mutual Fund by the end of November, the fund house said. Tiberwal has been associated with the fund house since 2010 and he manages some prominent schemes like Kotak Small Cap Fund, Kotak Emerging Equity Fund, Kotak ELSS Tax Saver Fund, Kotak Business Cycle Fund, Kotak Multi Asset Allocation Fund, Kotak Equity Opportunities Fund, and Kotak Debt Hybrid Fund.

“Pankaj has been with Kotak Mahindra AMC for close to 14 years. We would like to wish him all the very best for his future endeavours and thank him for his immense contribution,” said Nilesh Shah, CEO, Kotak Mutual Fund.

“Kotak Mahindra AMC, with a strong legacy of 25 years, has been able to emerge as a strong institution because of a unique interplay of people and processes. This not only ensures that our investment philosophy is cascaded to the entire team but also ensures continuity when talent departs and new talent is on boarded. We have started further augmenting our celebrated fund management team so that we are able to deliver our best to the investors,” said Nilesh Shah, Managing Director, Kotak Mutual Fund.


Harish Bihani from ICICI Prudential Mutual Fund joined the team in October. Two more fund managers will join the team soon, a press release said.

Harish Bihani was a senior fund manager at ICICI Prudential Mutual Fund where he managed schemes such as ICICI Prudential Smallcap Fund, ICICI Prudential ELSS Tax Saver Fund, and ICICI Prudential Transportation and Logistics Fund.

As on September 30, 2023, Kotak Mutual Fund had a quarterly AAUM (average asset under management) of Rs 3.36 lakh crore.

The fund house has over 53 lakh investor folios in various schemes and is present across 90 cities and has 97 branches as on 30th September 2023. Since its inception KMAMC has established strong internal systems, which combine the best of people and processes. This ensures not only consistency in investment philosophy but also continuously maximise returns for the investors.