Kotak Mahindra (International), the global arm of India’s third-largest private lender of India Kotak Mahindra, has received a licence from the United Arab Emirates’ Securities & Commodities Authority to sell investment funds and portfolios to onshore retail investors. This marks the first time an Indian firm has been granted such approval in the Gulf nation, reflecting growing UAE investor interest in Indian markets.
With this licence, Kotak Mahindra (International) can now directly approach retail clients in the UAE, moving beyond its earlier engagements with high-net-worth individuals through wealth managers and insurance platforms. The firm plans to launch its first India-focused retail funds in the UAE by the final quarter of CY2025.
“We are honoured to receive this license from the Securities and Commodities Authority. It is a testament to our enduring commitment to the UAE and our vision of fostering globally integrated, transparent capital markets,” said Shyam Kumar, President and Head, Kotak International, as per news reports.
“India’s economic momentum continues to attract global interest, and through this license, we are excited to offer UAE retail investors access to our India-focused investment strategies - enabling them to participate in one of the world’s dynamic and resilient markets. We will offer India-centric investment options to help investors diversify their portfolios,” Kumar added.
Amid growing financial ties between India and the UAE, Kotak is targeting retail investors. This follows Indian Prime Minister Narendra Modi's July visit to the UAE, during which he signed agreements to link the two countries' digital payment systems and increase bilateral trade, according to a Reuters report.
Kotak International, the global business arm of the Kotak Group, acts as a vital connector for international investors seeking exposure to India’s growth story. With more than 3 decades of experience and an AUM of $6.08 billion as of June 30, 2025, the firm offers a comprehensive range of asset management, advisory, and investment solutions tailored to global clients.
Read More: Kotak Mahindra Bank Share Price Dips 6%; Reports 1% YoY PAT Rise in Q1 FY26 Results!
As of August 18, 2025, at 9:30 AM, Kotak Mahindra Bank share price is trading at ₹2,008.40 per share, reflecting a gain of 1.53% from the previous close price.
Kotak International’s entry into the UAE retail investment space underscores the deepening financial ties between India and the Gulf nation. With support from recent bilateral agreements, including the linking of India’s digital payment systems with the UAE, the move positions Kotak to leverage both its diaspora base and a wider investor market in the region.
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Published on: Aug 18, 2025, 2:54 PM IST
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