Kotak Investment Advisors launches 'Kotak Cherry

BANKING AND ECONOMY

Kotak Investment Advisors, a subsidiary of Kotak Mahindra Bank, has announced the launch of Kotak Cherry, a curated tech-led investment management platform. Kotak Cherry offers investing solutions to users via a digital app backed by experienced investment managers. It provides investment solutions ranging from stocks, bonds, mutual funds, fixed deposits and National Pension Scheme (NPS) to other investment opportunities like Exchange Traded Funds (ETFs).

As per the company, Kotak Cherry is enabled as a Do It Yourself (DIY) execution platform. aims to be an open architecture platform, which will help investors in choosing from a wide array of offerings beyond the ones manufactured by Kotak group companies.

 

   Important Points for the exam:

  • Kotak Investment Advisors, a subsidiary of Kotak Mahindra Bank, has announced the launch of Kotak Cherry.
  • It is a tech-led investment management platform. 
  • Kotak Cherry offers investing solutions to users via a digital app backed by experienced investment managers.
  • It provides investment solutions ranging from stocks, bonds, mutual funds, fixed deposits and National Pension Scheme (NPS) to other investment opportunities like Exchange Traded Funds (ETFs).

   Facts to Know:

  • Kotak Investment Advisors Ltd. is a real estate investment arm of Kotak Mahindra Bank
  • Headquarters: Mumbai
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