Kotak Securities Announces Acquisition of FundExpert Fintech
Kotak Securities Limited (KSL) today announced that it is acquiring all assets of FundExpert Fintech, a Bangalore headquartered Fintech startup, through its Startup Investments and Partnerships Team.
Founded in 2020, FundExpert focuses on offering affordable digital multi-asset wealth management platform solutions to Independent Financial Advisors (IFAs) and mutual fund distributors across India. Currently, more than 2,300 distributors use FundExpert platform to manage Mutual Fund portfolios of more than Rs 15,000 crores.
Jaideep Hansraj, MD & CEO, Kotak Securities Limited said, “Our strategy to acquire the assets of Fundexpert is to provide a tech-led one stop shop for Independent Financial Advisors and Mutual Fund Distributors in India. This acquisition is part of our strategy in scaling IFA-led distribution business with the Kotak brand, our distribution network, and vast experience in the financial services sector.”
The Founders of FundExpert Fintech, Anurag Saboo and Amit Sharda said, “We are truly excited to have Kotak Securities onboard to back our idea of empowering the existing distribution network of small and mid-sized Advisors/Distributors by giving them digital identity, the required technology and research solutions. It will ensure innovative and quality financial products, services and advisory that will reach to all parts of India.”
About Kotak Securities Limited
Kotak Securities Limited (KSL), a subsidiary of Kotak Mahindra Bank, is one of India’s largest full-service stock broking firms catering to retail and institutional investors across all segments of the capital market. Through a tie-up with partner brokers, the company also provides direct access to the US markets. Supported by a strong research team, robust digital trading platform, large branch network & franchisee base, and referral coordinators spread across Kona Kona of India, KSL processes lakhs of secondary market trades every day. As on 30th June 2021, KSL has a national footprint of 152 branches, 1510 franchisees and satellite offices across 360 cities in India serving 23 lakh client base. KSL provides a wide array of services including investment options in equities, derivatives (equities, commodities, currency) and mutual funds. It also offers margin trade funding, depository services and third-party products like insurance.
For more information, please visit the company’s website
