Fundalysisby DARKHORSESTOCKS

Fund manager · Kotak

Hiten Shah

Equity Fund Manager and Dealer at Kotak. Runs 4 schemes worth ₹1,19,060 Cr.

  • Fund house

    KotakThey run their schemes at Kotak.

  • AUM they run

    ₹1,19,060 CrThe AUM of the schemes they run, as main or co-manager, at the latest month's end, as AMFI reports it. A scheme two people run counts for both.

  • Schemes

    4 now · 0 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Aug 2024.

  • Experience

    18 years18

Profile(Kotak's SAI, 30 Jun 2026)

About

Role
Equity Fund Manager and Dealer
Studied
Master of Management studies (MMS) in Finance from Mumbai University & B.Com
Age
41 years
Experience
18

Schemes now4

  1. Kotak Arbitrage Fund₹75,842 Cr
  2. Kotak Balanced Advantage Fund₹17,061 Cr
  3. Kotak Multi Asset Allocation Fund₹15,591 Cr
  4. Kotak Equity Savings Fund₹10,566 Cr

AUM they run(Oct 2019 – Sept 2026)

AUM at month end each month, and its change on the month before
12 months₹ CrChange
Sept 20261,19,0600.0%
Aug 20261,19,053+2.3%
Jul 20261,16,403+1.8%
Jun 20261,14,313+1.0%
May 20261,13,146+2.3%
Apr 20261,10,614+5.5%
Mar 20261,04,862−5.9%
Feb 20261,11,395+0.3%
Jan 20261,11,040+0.5%
Dec 20251,10,492+0.4%
Nov 20251,10,014+1.3%
Oct 20251,08,606+1.8%
AUM at month end, Sept 2026
₹1,19,060 Cr
+9.6% since Oct 2025
Fig. 1.The AUM of the schemes Hiten Shah ran at each month's end, each only in the months they ran it, ₹ crore. A scheme two people run counts in full for both. Source: AMFI.

Schemes over time(Oct 2019 – now)

  1. Arbitrage Fund
  2. Balanced Advantage Fund
  3. Equity Savings Fund
  4. Multi Asset Allocation Fund
Kotak2020202120222023202420252026
Fig. 1.The schemes they ran when, the oldest first: each from the date its fund house gives, or the first document listing them where it gives none, to when they left, coloured by fund house.

Schemes(Oct 2019 – now)

Kotak

4 now · since Oct 2019
  1. Kotak Arbitrage Fund
    Fund managerOct 2019—7y 1m₹75,842 CrArbitrageTER 2.32%

Source.Each scheme's Scheme Summary Document at AMFI and its filings at NSE.

Performance(4 schemes)

Growth · Direct plans

Return as manager
+10.63%
Beat peers
3 of 4
vs peers
+0.99 pt
Longest run
7.0 years
Beat benchmark
Upcoming
Each scheme Hiten Shah ran, against its peers and benchmark over the same months. Source: AMFI. Click a column's header to sort by it.
Kotak Equity Savings Fund
Oct '19–now · 7.0y
+10.52%+8.80%+1.72 pt––
Kotak Arbitrage Fund
Oct '19–now · 7.0y
+6.37%+6.12%+0.26 pt––
Kotak Balanced Advantage Fund
Oct '19–now · 7.0y
+10.73%+10.92%−0.19 pt––
Kotak Multi Asset Allocation Fund
Oct '23–now · 3.0y
+17.03%+14.01%+3.02 pt––
Fig. 1.Each scheme Hiten Shah ran, against its peers and benchmark over the same months. Source: AMFI.

Works with(4 now)

  1. Abhishek BisenBalanced Advantage Fund · Multi Asset Allocation Fund · Equity Savings Fund3 schemes
  2. Devender SinghalMulti Asset Allocation Fund · Equity Savings Fund2 schemes
  3. Jeetu Valechha SonarMulti Asset Allocation Fund1 scheme
  4. Rohit TandonBalanced Advantage Fund1 scheme