India’s Kotak Mahindra unit secures UAE licence to sell funds to retail investors

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Kotak International has secured a license from the UAE to offer investment funds to onshore retail investors, becoming the first Indian firm to achieve this milestone. This move allows Kotak to directly target retail clients with India-focused funds, with a minimum investment of $500, capitalizing on the growing interest in Indian markets and the strong Indian diaspora in the UAE.

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India’s Kotak Mahindra unit secures UAE licence to sell funds to retail investors

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