march 31, 2019 - kotak asset management

March 31, 2019

Riskometer

• Long term capital growth.• Investment in portfolio of predominantly equity & equity releated securities generally focused on a few selected sectors across market capitalisation*Investors should consult their financial advisor if in doubt about whether the product is suitable for them.

It is suitable for investors who are seeking*:

KOTAK STANDARD MULTICAP FUND (Formerly known as Kotak Select Focus) Multicap Fund - An open ended equity scheme investing across large cap, mid cap and small cap stocks

Past performance of the Sponsor/AMC/Fund does not indicate the schemes future performance. Risk Factors on page 65.Mutual fund investments are subject to market risks, read all scheme related documents carefully.

INDEX

Contents Page no.

Expert Speak 1

Market Overview 2

Equity Market Snapshot 3

Debt Market Snapshot 4

Fund Name/Scheme Name New SEBI scheme category

Equity Funds Kotak Standard Multicap Fund (Erstwhile Kotak Select Focus) Multi Cap Fund 5

Kotak Emerging Equity Scheme Mid Cap Fund 6

Kotak Equity Opportunities Fund (Erstwhile Kotak Opportunities) Large & Mid Cap Fund 7

Kotak Bluechip Fund (Erstwhile Kotak Mahindra 50 Unit Scheme) Large Cap Fund 8

Kotak Small Cap Fund (Erstwhile Kotak Midcap Scheme) Small Cap Fund 9

Kotak Tax Saver ELSS 10

Kotak Infrastructure & Economic Reform Fund Sectoral/Thematic 11

Kotak India EQ Contra Fund (Erstwhile Kotak Classic Equity) Contra Fund 12

Kotak India Growth Fund Series 4 13



Hybrid FundsKotak Equity Arbitrage Fund Arbitrage Fund 16

Kotak Balanced Advantage Fund Balanced Advantage 19

Kotak Equity Hybrid (Erstwhile Kotak Balance) Aggressive Hybrid Fund 22

Kotak Equity Savings Fund Equity Savings 23

Kotak Debt Hybrid (Erstwhile Kotak MIP) Conservative Hybrid Fund 26

Debt FundsKotak Mahindra Liquid Scheme Liquid Fund 27

Kotak Bond Short Term Plan Short Duration Fund 28

Kotak Savings Fund (Erstwhile Kotak Treasury Advantage Fund) Ultra Short Duration Fund 29

Kotak Money Market Scheme (Erstwhile Kotak Floater Short Term Scheme) Money Market Fund 30

Kotak Low Duration Fund Low Duration Fund 31

Kotak Credit Risk Fund (Erstwhile Kotak Income Opportunities Fund) Credit Risk Fund 32

Kotak Medium Term Fund Medium Duration Fund 34

Kotak Bond (Erstwhile Kotak Mahindra Bond Unit Scheme 99) Medium to Long Duration Fund 36

Kotak Corporate Bond Fund Corporate Bond Fund 37

Kotak Banking & PSU Debt Fund Banking & PSU Fund 38

Kotak Mahindra Gilt Unit Scheme 98 - Investment Plan Gilt Fund 39

Kotak Dynamic Bond Fund (Erstwhile Kotak Flexi Debt Scheme) Dynamic Bond 40

Kotak Overnight Fund Overnight Fund 41

Exposure 42

Fund of Funds SchemeKotak Asset Allocator Fund 44

Kotak US Equity Fund 45

Kotak Global Emerging Market Fund 46

Kotak World Gold Fund 47

ETF FundsKotak Gold ETF 48

Kotak Nifty ETF 49

Kotak Sensex ETF 50

Kotak Banking ETF 51

Kotak PSU Bank ETF 52

Scheme Performance 53

About Our Fund Managers 60

Dividend History 62

How to read Fact Sheet 65

Investment ObjectiveThe investment objective of the scheme is to generate long-term capital appreciation from a portfolio of equity and equity related securities, generally focused on a few selected sectors. However, there is no assurance that the objective of the scheme will be realized.

Available Plans/OptionsA) B) Direct Plan Regular Plan

Options: Dividend Payout, Dividend Reinvestment & Growth (applicable for all plans)

Dividend FrequencyTrustee�s Discretion

Ratios

Source: $ICRA MFI Explorer.

Minimum Investment AmountInitial Investment: `5000 and in multiple of `1 for purchase and of ̀ 0.01 for switchesAdditional Investment: `1000 & in multiples of ̀ 1Ideal Investments Horizon: 3 years & above

Load StructureEntry Load: Nil. (applicable for all plans)Exit Load: a) For redemptions / switch outs (including SIP/STP) within 1 year from the date of allotment of units:1%b) For redemptions / switch outs (including SIP/STP) after 1 year from the date of allotment of units: NIL

Total Expense Ratio**Regular:2.12%; Direct: 0.93%

32.29%

0.96

0.80

12.72%

Portfolio Turnover

$Beta

$Sharpe##

$Standard Deviation

Note: Term Deposit as provided above is towards margin for derivatives transactions Equity Derivative Exposuer is 0.37%

Equity & Equity relatedReliance Industries Ltd. Petroleum Products 7.14HDFC Bank Ltd. Banks 7.10ICICI Bank Ltd. Banks 6.47Axis Bank Ltd Banks 5.63Larsen And Toubro Ltd. Construction Project 4.64Infosys Ltd. Software 4.28Tata Consultancy Services Ltd. Software 3.35RBL Bank Ltd Banks 2.86State Bank Of India Banks 2.75Petronet LNG Ltd. Gas 2.63Bharat FinancialInclusion Limited Finance 2.51ITC Ltd. Consumer Non Durables 2.43Kotak Mahindra Bank Ltd. Banks 2.24GAIL (India) Ltd. Gas 1.82Indraprastha Gas Ltd. Gas 1.73ICICI Lombard GeneralInsurance Company Ltd Finance 1.68Ultratech Cement Ltd. Cement 1.67Shree Cement Ltd. Cement 1.65The Ramco Cements Ltd Cement 1.64SRF Ltd. Textile Products 1.62Britannia Industries Ltd. Consumer Non Durables 1.55Hero MotoCorp Ltd. Auto 1.55HDFC Ltd. Finance 1.48AU Small Finance Bank Ltd. Banks 1.47Mahindra & Mahindra Ltd. Auto 1.42Bharat Electronics Ltd Industrial Capital Goods 1.39Bajaj Finance Limited Finance 1.14Container Corporation ofIndia Ltd. Transportation 1.10Inter Globe Aviation Ltd Transportation 1.02Jindal Steel & Power Ltd. Ferrous Metals 1.02Bharat PetroleumCorporation Ltd. Petroleum Products 0.97MRF Limited Auto Ancillaries 0.97Bata India Ltd. Consumer Durables 0.96Godrej ConsumerProducts Ltd. Consumer Non Durables 0.95Jubilant Foodworks Limited Consumer Non Durables 0.95Cadila Healthcare Ltd. Pharmaceuticals 0.93

This product is suitable for investors who are seeking*:� Long term capital growth� Investment Portfolio of predominantly equity & equity

related securities generally focused on a few selected sectors across market capitalisation.

* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Multi cap fund - An open-ended equity scheme investing across large cap, mid cap, small cap stocks

KOTAK STANDARD MULTICAP FUND(Erstwhile Kotak Select Focus)

Issuer/Instrument Industry/Rating % to Net Assets


PORTFOLIO

SECTOR ALLOCATION (%)

Scheme Inception : - September 11, 2009. The returns are calculated by XIRR approach assuming investment of 10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and `final value and a series of cash inflows and outflows and taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception. # Benchmark ; ̂ Additional BenchmarkTRI � Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI).Kotak Standard Multicap Fund (Erstwhile Kotak Select Focus) NAV as on March 29, 2019: `23.697 (Dividend Option), `25.480 (Direct Dividend Option), `35.478 (Growth Option), `37.719 (Direct Growth Option)*For Fund Manager experience, please refer page 60-61. ## Risk rate assumed to be 6.40% (FBIL Overnight MIBOR rate as on 29th March 2019). **Total Expense Ratio includes applicable B30 fee and GST.For last three dividends, please refer page no 62-64. For scheme performance, please refer page no 53-59.

5

Investment style

Value Blend Growth Size

Large

Mid

Small

Fund Manager: Mr. Harsha

Upadhyaya*

AAUM: `22,973.81 crs

AUM: `23,880.98 crs

Benchmark: Nifty 200

Allotment date: September 11, 2009

Folio count: 1,200,151

Riskometer

Investors understand that their principal will be at moderately high risk

yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Product Label

Data as on March 31, 2019

Monthly SIP of 10000`

Total amount invested ( )`

Total Value as on Mar 29, 2019 ( )`

Scheme Returns (%)

Nifty 200 (TRI) ( )#`

Nifty 200 (TRI) Returns (%)

Nifty 50 (TRI) ( )^`


Since Inception 7 years 5 years 3 years 1 year

11,50,000 8,40,000 6,00,000 3,60,000 1,20,000

25,18,143 15,24,683 8,40,921 4,31,608 1,28,550

15.70 16.77 13.51 12.22 13.70

21,24,048 13,56,973 8,07,390 4,33,225 1,27,332

12.36 13.49 11.86 12.48 11.72

20,93,417 13,40,055 8,13,604 4,43,921 1,29,549

12.07 13.14 12.17 14.18 15.34

Systematic Investment Plan (SIP) If you had invested `10,000 every month

SYSTEMATIC INVESTMENT PLAN (SIP)

Lupin Ltd. Pharmaceuticals 0.93Bajaj Finserv Ltd. Finance 0.86Kec International Ltd. Construction Project 0.85SBI Life Insurance Company Ltd Finance 0.75HDFC Standard LifeInsurance Company Ltd Finance 0.70Maruti Suzuki India Limited Auto 0.70Sun PharmaceuticalsIndustries Ltd. Pharmaceuticals 0.68Century Textiles &Industries Ltd. Cement 0.63AIA Engineering Limited Industrial Products 0.60Avenue Supermarts Ltd Retailing 0.57Max Financial Services Ltd. Finance 0.57Bayer Cropscience Ltd. Pesticides 0.48Solar Industries India Limited Chemicals 0.48Arvind Fashion Ltd. Retailing 0.44BEML Ltd Industrial Capital Goods 0.40Techno Electric &EngineeringCompany Limited Construction Project 0.22Arvind Ltd Textile Products 0.19Whirlpool of India Ltd. Consumer Durables 0.18Laurus Labs Ltd Pharmaceuticals 0.10The Anup Engineering Ltd. Textile Products 0.04Equity & EquityRelated - Total 95.08Futures CNX NIFTY-APR2019 1.12Bata India Ltd.-APR2019 0.10HDFC Ltd.-APR2019 -0.41Maruti Suzuki IndiaLimited-APR2019 -0.44Reverse Repo 3.93TERM DEPOSITS HDFC Bank Ltd. 0.52Term Deposits - Total 0.52Triparty Repo 0.24Net CurrentAssets/(Liabilities) 0.23Grand Total 100.00

35.84

37.81

13.57

14.30

12.82

7.69

11.41

7.64

3.57

5.72

2.30

5.604.50

6.58

4.20

4.46

2.64

1.12

2.44

Benchmark

Scheme

Financial Services Energy Consumer Goods Information Technology Construction Cement & Cement Products

Cash & Cash Equivalent Automobile Pharma Industrial Manufacturing

32.46

19.22

5.98

15.72

12.97

9.24

7.50

6.49

1.43

5.90

5.36

5.79

1.78

5.72 5.26

1.49

5.22

7.07

5.19

Benchmark

Scheme

Financial Services Industrial Manufacturing Consumer Goods Automobile Cement & Cement Products

Construction Fertilisers & Pesticides Cash & Cash Equivalent Chemicals Pharma

7

Investment ObjectiveThe investment objective of the scheme is to generate long-term capital appreciation from a portfolio of equity and equity related securities, by investing predominantly in mid companies. The scheme may also invest in debt and money market instruments, as per the asset allocation table. There is no assurance that the investment objective of the scheme will be achieved.

Available Plans/OptionsA) Regular Plan B) Direct Plan



Ratios


Minimum Investment AmountInitial Investment: `5000 and in multiple of `1 for purchase and for ̀ 0.01 for switchesAdditional Investment: `1000 & in multiples of ̀ 1Ideal Investments Horizon: 3 years & above

Load StructureEntry Load: Nil. (applicable for all plans)Exit Load: a) For redemptions / switch outs (including SIP/STP) within 1 year from the date of allotment of units:1%. b) For redemption/switch outs (including SIP/STP) after 1 year from the date of allotment of units: Nil.

Total Expense Ratio**Regular: 2.29%; Direct: 0.76%

30.23%

0.79

0.62

15.09%

Portfolio Turnover

$Beta

$Sharpe##

$Standard Deviation

Equity & Equity related The Ramco Cements Ltd Cement 3.41Schaeffler India Ltd Industrial Products 3.22P I Industries Ltd Pesticides 3.21Bharat FinancialInclusion Limited Finance 3.04RBL Bank Ltd Banks 2.97AU Small Finance Bank Ltd. Banks 2.95Supreme Industries Limited Industrial Products 2.84Atul Ltd. Chemicals 2.77Coromandel International Ltd. Fertilisers 2.51Shree Cement Ltd. Cement 2.48Solar Industries India Limited Chemicals 2.44Thermax Ltd. Industrial Capital Goods 2.41Apollo Hospitals Enterprises Ltd. Healthcare Services 2.39SRF Ltd. Textile Products 2.37Shriram City Union Finance Ltd. Finance 2.28Kajaria Ceramics Ltd. Construction 2.03Finolex Cables Ltd. Industrial Products 1.93APL Apollo Tubes Limited Ferrous Metals 1.82Torrent Pharmaceuticals Ltd. Pharmaceuticals 1.81Indraprastha Gas Ltd. Gas 1.79Tata Global Beverages Limited Consumer Non Durables 1.74Emami Ltd. Consumer Non Durables 1.64Exide Industries Ltd Auto Ancillaries 1.62Oberoi Realty Ltd Construction 1.60Voltas Ltd. Consumer Durables 1.60City Union Bank Ltd. Banks 1.55Mahindra & MahindraFinancial Services Ltd. Finance 1.55Sundaram Finance Ltd. Finance 1.51Amara Raja Batteries Ltd. Auto Ancillaries 1.45Future Retail Ltd. Retailing 1.43Federal Bank Ltd. Banks 1.40Ratnamani Metals & Tubes Ltd. Ferrous Metals 1.40SKF India Ltd Industrial Products 1.39Godrej Agrovet Ltd Consumer Non Durables 1.36Motherson Sumi Systems Ltd. Auto Ancillaries 1.32Jindal Steel & Power Ltd. Ferrous Metals 1.27MRF Limited Auto Ancillaries 1.26Edelweiss Financial Services Ltd Finance 1.25

Divi s Laboratories Limited Pharmaceuticals 1.21Bharat Electronics Ltd Industrial Capital Goods 1.13Bata India Ltd. Consumer Durables 1.09Kewal Kiran Clothing Limited. Textile Products 1.07Eris Lifesciences Ltd Pharmaceuticals 1.03Lux Industries Limited Textile Products 0.97Hawkins Cooker Ltd Household Appliances 0.84Gujarat State Petronet Ltd. Gas 0.83TI Financial Holding ltd. Finance 0.83BEML Ltd Industrial Capital Goods 0.80Navneet Education Ltd. Media and Entertainment 0.79Whirlpool of India Ltd. Consumer Durables 0.69Sheela Foam Ltd Consumer Durables 0.67Laurus Labs Ltd Pharmaceuticals 0.66Persistent Systems Limited Software 0.64V-Guard Industries Ltd. Consumer Durables 0.60Eveready Industries India Ltd. Consumer Non Durables 0.59PNC Infratech Ltd Construction 0.55Ramkrishna Forgings Ltd. Industrial Products 0.55Kirloskar Oil Engines Ltd. Industrial Products 0.54Abbott India Ltd. Pharmaceuticals 0.47ICICI Securities Ltd Finance and Investments 0.39Max Financial Services Ltd. Finance 0.27WPIL Ltd Industrial Products 0.14D-Link (India) Ltd Hardware 0.05Sundaram FinanceHoldings Limited. Finance 0.03Equity & EquityRelated - Total 94.44Futures V-Guard IndustriesLtd.-APR2019 0.16Reverse Repo 4.20TERM DEPOSITS HDFC Bank Ltd. 0.12Term Deposits - Total 0.12Triparty Repo 1.34Net CurrentAssets/(Liabilities) -0.10Grand Total 100.00

Notes: Term Deposit as provided above is towards margin for derivatives transactions.Equity Derivative Exposuer is 0.16%Large Cap, Midcap and Small cap stocks as a % age of Net Assets: 6.27%, 71.5% & 16.83%.

This product is suitable for investors who are seeking*:� Long term capital growth� Investment in equity & equity related securities

predominantly in mid cap companies.* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Mid cap fund - An open-ended equity scheme predominantly investing in mid cap stocks

KOTAK EMERGING EQUITY SCHEME



PORTFOLIO




Scheme Inception : - March 30, 2007. The returns are calculated by XIRR approach assuming investment of 10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and `final value and a series of cash inflows and outflows and taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception. # Benchmark ; ̂ Additional BenchmarkTRI � Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI).Kotak Emerging Equity Scheme NAV as on March 29, 2019: `23.872 (Dividend Option), `27.803 (Direct Dividend Option), `38.903 (Growth Option), `41.766 (Direct Growth Option)*For Fund Manager experience, please refer page 60-61. ## Risk rate assumed to be 6.40% (FBIL Overnight MIBOR rate as on 29th March 2019). **Total Expense Ratio includes applicable B30 fee and GST.For last three dividends, please refer page no 62-64. For scheme performance, please refer page no 53-59. $ With Effect from 25th May 2018, the Benchmark is changed to Nifty Free Float Midcap 100.

6

Investment style


Large

Mid

Small

Riskometer


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Product Label

Fund Manager: Mr. Pankaj Tibrewal*

AAUM: `3,873.12 crs

AUM: `4,090.62 crs

Benchmark: Nifty Free Float

Midcap 100 $

Allotment date: March 30, 2007

Folio count: 301,014

Since Inception 10 years 7 years 5 years 3 years 1 year

14,50,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000

40,42,776 29,83,039 16,02,210 8,19,965 4,03,060 1,23,806

15.90 17.36 18.16 12.49 7.52 6.03

34,37,883 24,40,915 13,96,279 7,74,654 3,92,779 1,21,063

13.47 13.62 14.29 10.19 5.78 1.67

30,72,056 22,60,101 13,40,055 8,13,604 4,43,921 1,29,549

11.78 12.18 13.14 12.17 14.18 15.34

Monthly SIP of ( ) 10000`



Scheme Returns (%)

Nifty Midcap 100 (TRI) ( )#`

Nifty Midcap 100 (TRI) Returns (%)




Financial Services Energy Industrial Manufacturing Information Technology Consumer Goods

Cement & Cement Products Construction Fertilisers & Pesticides Textiles Pharma

35.84

28.17

13.57

15.06

1.12

11.76

11.41

9.84

12.82

7.97

2.30

7.53

3.57

4.35

0.78

2.96

0.35

2.71

4.46

2.49

Benchmark

Scheme

7

This product is suitable for investors who are seeking*:� Long term capital growth� Investment in portfolio of predominantly equity &

equity related securities of large & midcap companies.* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Note: Term Deposit as provided above is towards margin for derivatives transactions.Equity Derivative Exposuer is 0.68%Note: Large Cap, Midcap and Small cap stocks as a % age of Net Assets: 47.74%, 42.66% & 7.75%.

Equity & Equity relatedHDFC Bank Ltd. Banks 6.87Reliance Industries Ltd. Petroleum Products 6.19ICICI Bank Ltd. Banks 5.65Tata Consultancy Services Ltd. Software 4.74Infosys Ltd. Software 4.70Axis Bank Ltd Banks 4.30Larsen And Toubro Ltd. Construction Project 3.83Bharat FinancialInclusion Limited Finance 3.79Coromandel International Ltd. Fertilisers 2.96Gujarat State Petronet Ltd. Gas 2.86AIA Engineering Limited Industrial Products 2.84The Ramco Cements Ltd Cement 2.69Thermax Ltd. Industrial Capital Goods 2.42Bata India Ltd. Consumer Durables 2.36Dr Reddys Laboratories Ltd Pharmaceuticals 2.20Petronet LNG Ltd. Gas 2.19Indraprastha Gas Ltd. Gas 2.17ICICI Lombard GeneralInsurance Company Ltd Finance 2.04SRF Ltd. Textile Products 1.99Schaeffler India Ltd Industrial Products 1.96Shree Cement Ltd. Cement 1.84Max Financial Services Ltd. Finance 1.72AU Small Finance Bank Ltd. Banks 1.71GAIL (India) Ltd. Gas 1.61Godrej Agrovet Ltd Consumer Non Durables 1.61Jindal Steel & Power Ltd. Ferrous Metals 1.56Jubilant Foodworks Limited Consumer Non Durables 1.43Bharat Electronics Ltd Industrial Capital Goods 1.29Colgate Palmolive (India) Ltd. Consumer Non Durables 1.29Century Textiles &Industries Ltd. Cement 1.20DR.Lal Pathlabs Ltd Healthcare Services 1.13BEML Ltd Industrial Capital Goods 1.10

Supreme Industries Limited Industrial Products 1.10Cummins India Ltd. Industrial Products 1.03Odisha Cement Ltd Services 1.02TI Financial Holding ltd. Finance 1.02Linde India Ltd. Chemicals 1.01Healthcare GlobalEnterprises Ltd Healthcare Services 0.78Edelweiss FinancialServices Ltd Finance 0.77JK Cement Ltd. Cement 0.77Heritage Foods Ltd Consumer Non Durables 0.72Indian Bank Banks 0.59Emami Ltd. Consumer Non Durables 0.55Techno Electric &EngineeringCompany Limited Construction Project 0.51Arvind Fashion Ltd. Retailing 0.49MindTree Ltd. Software 0.37Lupin Ltd. Pharmaceuticals 0.29Arvind Ltd Textile Products 0.22Equity & EquityRelated - Total 97.48Preference Shares 6% Redm PreferenceSh Zee EntertainmentEnterprises Ltd. Media and Entertainment 0.03Preference Share - Total 0.03Futures Indian Bank-APR2019 0.68TERM DEPOSITS HDFC Bank Ltd. 0.39Term Deposits - Total 0.39Triparty Repo 2.13Net CurrentAssets/(Liabilities) -0.03Grand Total 100.00

Investment ObjectiveThe investment objective of the scheme is to generate capital appreciation from a diversified portfolio of equity and equity related securities. The scheme will invest predominantly in a mix of large and mid cap stocks from various sectors, which look promising, based on the growth pattern in the economy. There is no assurance that the investment objective of the scheme will be achieved.




Ratios

$Source: ICRA MFI Explorer.


Load StructureEntry Load: Nil. (applicable for all plans)Exit Load: a) For redemptions / switch outs (including SIP/STP) within 1 year from the date of allotment of units: 1%b) For redemptions / switch outs (including SIP/STP) after 1 year from the date of allotment of units: NIL


95.72%

0.96

0.71

12.80%

Portfolio Turnover

$Beta

$Sharpe ##

$Standard Deviation




Scheme Returns (%)

Nifty 200 (TRI) ( )#`





17,50,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000

55,47,188 24,86,028 14,21,984 8,09,108 4,20,634 1,28,357

14.55 13.97 14.81 11.95 10.44 13.39

47,07,409 22,97,254 13,56,973 8,07,390 4,33,225 1,27,332

12.58 12.49 13.49 11.86 12.48 11.72

46,87,869 22,60,044 13,40,055 8,13,604 4,43,921 1,29,549

12.53 12.18 13.14 12.17 14.18 15.34

Large & mid cap fund - An open-ended equity scheme investing in both large cap and mid cap stocks

KOTAK EQUITY OPPORTUNITIES FUND(Erstwhile Kotak Opportunities)



PORTFOLIO




Scheme Inception : - September 09, 2004. The returns are calculated by XIRR approach assuming investment of Rs. 10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception. # Benchmark ; ̂ Additional Benchmark TRI - Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI).Kotak Equity Opportunities Fund (Erstwhile Kotak Opportunities) NAV as on Mach 29, 2019: `24.733 (Dividend Option), `26.717 (Direct Dividend Option), `120.801 (Growth Option), `129.007 (Direct Growth Option)*For Fund Manager experience, please refer page 60-61. ## Risk rate assumed to be 6.40% (FBIL Overnight MIBOR rate as on 29th March 2019). **Total Expense Ratio includes applicable B30 fee and GST.For last three dividends, please refer page no 62-64. For scheme performance, please refer page no 53-59. $ With Effect from 1st June 2018, the Benchmark Name is changed to Nifty 200 TRI from Nifty 500 TRI.The above performance is benchmarked to Nifty 200 TRI

7

Investment style


Large

Mid

Small


Upadhyaya*

AAUM: `2,447.56 crs

AUM: `2,532.52 crs

Benchmark: Nifty 200 $



Riskometer


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Product Label


Equity & Equity relatedHDFC Bank Ltd. Banks 8.95Reliance Industries Ltd. Petroleum Products 8.67ICICI Bank Ltd. Banks 6.81Infosys Ltd. Software 5.12Axis Bank Ltd Banks 5.04ITC Ltd. Consumer Non Durables 3.54HDFC Ltd. Finance 3.29Kotak Mahindra Bank Ltd. Banks 3.23State Bank Of India Banks 3.15Larsen And Toubro Ltd. Construction Project 3.01Tata Consultancy Services Ltd. Software 2.66IndusInd Bank Ltd. Banks 1.89Asian Paints Ltd. Consumer Non Durables 1.87Tech Mahindra Ltd. Software 1.82Mahindra & Mahindra Ltd. Auto 1.74Tata Steel Limited. Ferrous Metals 1.71Bharat PetroleumCorporation Ltd. Petroleum Products 1.33Shree Cement Ltd. Cement 1.31GAIL (India) Ltd. Gas 1.30Maruti Suzuki India Limited Auto 1.22RBL Bank Ltd Banks 1.19Bata India Ltd. Consumer Durables 1.18Solar Industries India Limited Chemicals 1.14HDFC Standard LifeInsurance Company Ltd Finance 1.13Motherson Sumi Systems Ltd. Auto Ancillaries 1.09ICICI Lombard GeneralInsurance Company Ltd Finance 1.05Bandhan Bank Limited Banks 1.03Cadila Healthcare Ltd. Pharmaceuticals 1.03Sun PharmaceuticalsIndustries Ltd. Pharmaceuticals 1.03GlaxoSmithkline ConsumerHealthcare Ltd Consumer Non Durables 1.02

Ultratech Cement Ltd. Cement 1.02Schaeffler India Ltd Industrial Products 0.97Indraprastha Gas Ltd. Gas 0.96Supreme Industries Limited Industrial Products 0.94Wipro Ltd. Software 0.94Pfizer Ltd. Pharmaceuticals 0.93The Ramco Cements Ltd Cement 0.93Bharat Electronics Ltd Industrial Capital Goods 0.92Mahindra & MahindraFinancial Services Ltd. Finance 0.89Sanofi India Ltd. Pharmaceuticals 0.85Ashok Leyland Ltd. Auto 0.83Amara Raja Batteries Ltd. Auto Ancillaries 0.81Sun TV Network Ltd. Media and Entertainment 0.81Dabur India Ltd Consumer Non Durables 0.79Hindustan Zinc Ltd. Non - Ferrous Metals 0.77Nestle India Ltd. Consumer Non Durables 0.77Gujarat Gas Ltd Gas 0.75Britannia Industries Ltd. Consumer Non Durables 0.74Eicher Motors Ltd Auto 0.71Inter Globe Aviation Ltd Transportation 0.65Coromandel International Ltd. Fertilisers 0.61Zee EntertainmentEnterprises Ltd Media and Entertainment 0.47Mahindra LifespaceDevelopers Ltd Construction 0.45Edelweiss FinancialServices Ltd Finance 0.36Equity & EquityRelated - Total 97.42TERM DEPOSITS HDFC Bank Ltd. 0.46Term Deposits - Total 0.46Triparty Repo 1.11Net Current Assets/(Liabilities) 1.01Grand Total 100.00

Note: Term Deposit as provided above is towards margin for derivatives transactionsNote: Large Cap, Midcap and Small cap stocks as a % age of Net Assets: 82.73%, 14.24% & 0.45%.

Riskometer

yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Product Label

This product is suitable for investors who are seeking*:� Long term capital growth� Investment in portfolio of predominantly equity & equity

related securities of large cap companies* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.


Investment ObjectiveTo generate capital appreciation from a portfolio of predominantly equity and equity related securities falling under the category of large cap companies. There is no assurance that the investment objective of the scheme will be achieved.




Ratios


Minimum Investment AmountInitial Investment: `1000 and in multiple of `1 for purchase and for ̀ 0.01 for switchesAdditional Investment: ̀ 1000 & in multiples of ̀ 1Ideal Investments Horizon: 3 years & above

Load StructureEntry Load: Nil. (applicable for all plans)Exit Load: a) For redemptions / switch outs (including SIP/STP) within 1 year from the date of allotment of units: 1%. b) For redemption/switch outs (including SIP/STP) after 1 year from the date of allotment of units: Nil.


Portfolio Turnover

$Beta

$Sharpe##

$Standard Deviation

66.63%

0.96

0.49

12.23%

Scheme Inception : - December 29, 1998. The returns are calculated by XIRR approach assuming investment of ̀ 10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception. # Benchmark ; ̂ Additional BenchmarkTRI � Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI).As TRI data is not available since inception of the scheme, benchmark SIP Performance is calculated by taking S&P BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007.Kotak Bluechip Fund (Erstwhile Kotak Mahindra 50 Unit Scheme) NAV as on March 29, 2019: `34.163 (Dividend Option), `37.357 (Direct Dividend Option), `234.348 (Growth Option), `250.166 (Direct Growth Option)*For Fund Manager experience, please refer page 60-61. ## Risk rate assumed to be 6.40% (FBIL Overnight MIBOR rate as on 29th March 2019). **Total Expense Ratio includes applicable B30 fee and GST.For last three dividends, please refer page no 62-64. For scheme performance, please refer page no 53-59.


19,40,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000

72,85,277 22,16,642 13,02,172 7,69,055 4,14,470 1,26,791

14.83 11.82 12.34 9.90 9.42 10.84

62,10,217 22,60,101 13,40,055 8,13,604 4,43,921 1,29,549

13.25 12.18 13.14 12.17 14.18 15.34

62,86,604 22,91,918 13,56,164 8,23,915 4,52,351 1,30,198

13.38 12.44 13.48 12.68 15.50 16.41




Scheme Returns (%)

Nifty 50 (TRI) ( )#`


S&P BSE SENSEX (TRI) ( )^`

S&P BSE SENSEX (TRI) Returns (%)

Large cap fund - An open-ended equity scheme predominantly investing in large cap stocks

KOTAK BLUECHIP FUND(Erstwhile Kotak Mahindra 50 Unit Scheme)



PORTFOLIO




8

Fund Manager: Mr. Harish Krishnan*

AAUM: `1,392.40 crs

AUM: `1,426.62 crs

Benchmark: NIFTY 50

Allotment date: December 29, 1998

Folio count: 96,199

Investment style


Large

Mid

Small


38.85

37.97

15.30

13.00

13.67

10.53

11.29

9.90

6.08

6.39

2.42

3.84

3.66

3.46

1.62

3.252.82

2.69

Benchmark

Scheme

Financial Services Energy Information Technology Consumer Goods Automobile Pharma

Construction Cement & Cement Products Industrial Manufacturing Cash & Cash Equivalent

9.39

17.70

2.28

13.43

22.06

13.16

13.94

10.35

4.11

7.06

2.01

6.15 5.78

1.78

4.93

5.14

4.48

3.63

4.18

Benchmark

Scheme

Consumer Goods Industrial Manufacturing Financial Services Construction

Chemicals Textiles Cement & Cement Products Metals Pharma Services

7

Investment ObjectiveHowever, there is no assurance that the objective of the scheme will be realized the investment objective of the scheme is to generate capital appreciation from a diversified portfolio of equity and equity related securities by investing ...........predominantly in small cap companies. There is no assurance that the investment objective of the scheme will be achieved.




Ratios



Load StructureEntry Load: Nil. (applicable for all plans)Exit Load: a) For redemptions / switch outs (including SIP/STP) within 1 year from the date of allotment of units:1%b) For redemptions / switch outs (including SIP/STP) after 1 year from the date of allotment of units: NIL


53.50%

0.59

0.36

15.81%

Portfolio Turnover

$Beta

$Sharpe##

$Standard Deviation

Equity & Equity related Techno Electric & EngineeringCompany Limited Construction Project 3.34Sheela Foam Ltd Consumer Durables 2.91JMC Projects (India) Ltd Construction 2.79JK Cement Ltd. Cement 2.66Solar Industries India Limited Chemicals 2.65Ratnamani Metals & Tubes Ltd. Ferrous Metals 2.51APL Apollo Tubes Limited Ferrous Metals 2.42Galaxy Surfactants Ltd Chemicals 2.42Dixon Technologies India Ltd Consumer Durables 2.41The Ramco Cements Ltd Cement 2.27Lux Industries Limited Textile Products 2.18Prataap Snacks Ltd Consumer Non Durables 2.16AU Small Finance Bank Ltd. Banks 2.14Heritage Foods Ltd Consumer Non Durables 2.11P I Industries Ltd Pesticides 2.10Blue Star Ltd. Consumer Durables 2.04Atul Ltd. Chemicals 1.99Kajaria Ceramics Ltd. Construction 1.91ICICI Bank Ltd. Banks 1.88Nilkamal Ltd Industrial Products 1.87Mahindra LifespaceDevelopers Ltd Construction 1.81Schaeffler India Ltd Industrial Products 1.70RBL Bank Ltd Banks 1.67WPIL Ltd Industrial Products 1.65Apollo Pipes Ltd Industrial Products 1.63IndusInd Bank Ltd. Banks 1.63Hawkins Cooker Ltd Household Appliances 1.62Security and IntelligenceServices India Ltd Commercial Services 1.58Eveready Industries India Ltd. Consumer Non Durables 1.55Amber Enterprises India Ltd Consumer Durables 1.52Century Plyboards (India) Ltd. Consumer Durables 1.52Shoppers Stop Ltd. Retailing 1.48Kewal Kiran Clothing Limited. Textile Products 1.47Hindustan OilExploration Company Ltd. Oil 1.45Persistent Systems Limited Software 1.44Laurus Labs Ltd Pharmaceuticals 1.43Shriram City UnionFinance Ltd. Finance 1.42

Vardhman Textiles Ltd. Textiles - Cotton 1.40Coromandel International Ltd. Fertilisers 1.36Finolex Cables Ltd. Industrial Products 1.28Mahindra & MahindraFinancial Services Ltd. Finance 1.27V.S.T Tillers Tractors Ltd Auto 1.19Thermax Ltd. Industrial Capital Goods 1.15Supreme Industries Limited Industrial Products 1.14BEML Ltd Industrial Capital Goods 1.08Aavas Financiers Ltd Finance 1.01Great EasternShipping Company Ltd Transportation 0.99Varroc Engineering Ltd. Auto Ancillaries 0.97Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.91MRF Limited Auto Ancillaries 0.88Cadila Healthcare Ltd. Pharmaceuticals 0.86Shree Cement Ltd. Cement 0.85Motherson Sumi Systems Ltd. Auto Ancillaries 0.84Apar Industries Limited Industrial Capital Goods 0.79Ipca Laboratories Ltd. Pharmaceuticals 0.76Arvind Fashion Ltd. Retailing 0.71V-Guard Industries Ltd. Consumer Durables 0.65Navneet Education Ltd. Media and Entertainment 0.56Sundaram Finance Ltd. Finance 0.50Sadbhav Engineering Ltd. Construction Project 0.49SKF India Ltd Industrial Products 0.44Strides Pharma Science Ltd Pharmaceuticals 0.42Arvind Ltd Textile Products 0.38Carborundum Universal Ltd. Industrial Products 0.14Solara Active PharmaSciences Ltd. Pharmaceuticals 0.09Equity & EquityRelated - Total 96.44Futures V-Guard IndustriesLtd.-APR2019 1.53TERM DEPOSITS HDFC Bank Ltd. 0.20Term Deposits - Total 0.20Triparty Repo 3.02Net CurrentAssets/(Liabilities) 0.34Grand Total 100.00

Term Deposit as provided above is towards margin for derivatives transactionsEquity Derivative Exposuer is 1.53%Note: Large Cap, Midcap and Small cap stocks as a % age of Net Assets: 6.94%, 24.44% & 66.58%.


predominantly in small cap Stocks.* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Small cap fund - An open-ended equity scheme predominantly investing in small cap stocks

KOTAK SMALL CAP FUND(Erstwhile Kotak Midcap Scheme)



PORTFOLIO


Scheme Inception : - February 24,2005. The returns are calculated by XIRR approach assuming investment of 10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and `final value and a series of cash inflows and outflows and taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception. # Benchmark ; ̂ Additional BenchmarkTRI � Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI).Kotak Small Cap Fund (Erstwhile Kotak Midcap Scheme) as on March 29, 2019: ̀ 36.083 (Dividend Option), ̀ 39.199 (Direct Dividend Option), ̀ 72.066 (Growth Option), ̀ 77.766 (Direct Growth Option)*For Fund Manager experience, please refer page 60-61. ## Risk rate assumed to be 6.40% (FBIL Overnight MIBOR rate as on 29th March 2019). **Total Expense Ratio includes applicable B30 fee and GST.For last three dividends, please refer page no 62-64. For scheme performance, please refer page no 53-59. $ With Effect from 25th May 2018, the Benchmark is changed to Nifty Small cap 50 TRI

9

Investment style


Large

Mid

Small

Fund Manager: Mr. Pankaj Tibrewal*

AAUM: `1,167.86 crs

AUM: `1,223.11 crs

Benchmark: NIFTY Smallcap 50 $

Allotment date: February 24, 2005

Folio count: 62,758

Riskometer


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Product Label







Scheme Returns (%)

Nifty Smallcap 50 (TRI) ( )#`

Nifty Smallcap 50 (TRI) Returns (%)




17,00,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000

48,91,441 26,27,632 14,16,048 7,54,904 3,79,509 1,20,091

13.81 15.00 14.69 9.15 3.48 0.14

NA 17,27,677 11,00,793 6,20,271 3,33,028 1,15,110

NA 7.09 7.62 1.31 -5.02 -7.59

43,10,584 22,60,101 13,40,055 8,13,604 4,43,921 1,29,549

12.23 12.18 13.14 12.17 14.18 15.34

7

Investment ObjectiveThe investment objective of the scheme is to generate long-term capital appreciation from a diversified portfolio of equity and equity related securities and enable investors to avail the income tax rebate, as permitted from time to time however, there is no assurance that the objective of the scheme will be realized.


Options: Dividend Payout & Growth (applicable for all plans)


Ratios


Minimum Investment AmountInitial Investment: `500 and in multiple of `500Additional Investment: `500 & in multiples of ̀ 500Ideal Investments Horizon: 3 years & above

Load StructureEntry Load: Nil. (applicable for all plans)Exit Load: Exit Load is not applicable for Kotak Tax Saver Scheme. (applicable for all plans)


74.23%

0.95

0.65

12.98%

Portfolio Turnover

$Beta

$Sharpe##

$Standard Deviation

AIA Engineering Limited Industrial Products 1.01

JMC Projects (India) Ltd Construction 1.01

Colgate Palmolive (India ) Ltd. Consumer Non Durables 0.99

Cadila Healthcare Ltd. Pharmaceuticals 0.98

Gujarat State Petronet Ltd. Gas 0.97

Techno Electric &

Engineering Company Limited Construction Project 0.93

Container Corporation of

India Ltd. Transportation 0.92

Cummins India Ltd. Industrial Products 0.84

Amara Raja Batteries Ltd. Auto Ancillaries 0.81

APL Apollo Tubes Limited Ferrous Metals 0.81

Aavas Financiers Ltd Finance 0.75

Hindalco Industries Ltd Non - Ferrous Metals 0.75

Hindustan Oil

Exploration Company Ltd. Oil 0.74

Jindal Steel & Power Ltd. Ferrous Metals 0.71

Vedanta Ltd. Non - Ferrous Metals 0.67

Max Financial Services Ltd. Finance 0.66

Kirloskar Oil Engines Ltd. Industrial Products 0.54

Hawkins Cooker Ltd Household Appliances 0.52

Blue Dart Express Ltd. Transportation 0.34

Ksb Ltd Industrial Products 0.30

Equity & Equity

Related - Total 96.32

Preference Shares

6% Redm Preference

Sh Zee Entertainment

Enterprises Ltd. Media and Entertainment 0.05

Preference Share - Total 0.05

Triparty Repo 2.72

Net Current

Assets/(Liabilities) 0.91

Grand Total 100.00

Equity & Equity related

Reliance Industries Ltd. Petroleum Products 7.12

HDFC Bank Ltd. Banks 6.26

Axis Bank Ltd Banks 6.12

ICICI Bank Ltd. Banks 5.97

Tata Consultancy Services Ltd. Software 3.83

Larsen And Toubro Ltd. Construction Project 3.82

Infosys Ltd. Software 3.77

GlaxoSmithkline Consumer

Healthcare Ltd Consumer Non Durables 3.67

Bharat Financial

Inclusion Limited Finance 2.79

AU Small Finance Bank Ltd. Banks 2.65

SRF Ltd. Textile Products 2.58

Shree Cement Ltd. Cement 2.52

RBL Bank Ltd Banks 2.34

SKF India Ltd Industrial Products 2.07

Kotak Mahindra Bank Ltd. Banks 2.04

Bajaj Auto Ltd. Auto 1.97

GAIL (India) Ltd. Gas 1.96

Thermax Ltd. Industrial Capital Goods 1.86

Ultratech Cement Ltd. Cement 1.80

Dr Reddys Laboratories Ltd Pharmaceuticals 1.72

Solar Industries India Limited Chemicals 1.61

Odisha Cement Ltd Services 1.45

The Ramco Cements Ltd Cement 1.45

Parag Milk Foods Ltd Consumer Non Durables 1.31

Tech Mahindra Ltd. Software 1.31

Whirlpool of India Ltd. Consumer Durables 1.24

Nestle India Ltd. Consumer Non Durables 1.23

Bata India Ltd. Consumer Durables 1.19

Mahanagar Gas Ltd Gas 1.19

Linde India Ltd. Chemicals 1.12

ABB Ltd. Industrial Capital Goods 1.11

This product is suitable for investors who are seeking*:� long term capital growth with a 3 year lock in� Investment in portfolio of predominantly equity &

equity related securities.* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

An open-ended equity linked saving scheme with a statutory lock in of 3 years and tax benefits

KOTAK TAX SAVER



PORTFOLIO




Scheme Inception : - November 23, 2005. The returns are calculated by XIRR approach assuming investment of 10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial `and final value and a series of cash inflows and outflows and taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception. # Benchmark ; ̂ Additional BenchmarkTRI � Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI).Kotak Tax Saver NAV as on March 29, 2019: ̀ 18.764 (Dividend Option), ̀ 22.186 (Direct Dividend Option), ̀ 43.881(Growth Option) ̀ 47.476 (Direct Growth Option)*For Fund Manager experience, please refer page 60-61. ## Risk rate assumed to be 6.40% (FBIL Overnight MIBOR rate as on 29th March 2019). **Total Expense Ratio includes applicable B30 fee and GST.For last three dividends, please refer page no 62-64. For scheme performance, please refer page no 53-59.

10

Investment style


Large

Mid

Small


Upadhyaya*

AAUM: `839.34 crs

AUM: `888.42 crs


Allotment date: November 23, 2005


Riskometer


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Product Label



16,10,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000

37,26,371 23,50,888 13,80,016 7,99,240 4,19,177 1,28,021

11.74 12.92 13.97 11.45 10.20 12.84

37,82,646 22,97,671 13,57,718 8,02,361 4,28,051 1,26,476

11.94 12.49 13.51 11.61 11.64 10.33

37,35,817 22,60,101 13,40,055 8,13,604 4,43,921 1,29,549

11.77 12.18 13.14 12.17 14.18 15.34




Scheme Returns (%)

Nifty 500 (TRI) ( )#`




34.10

29.79

12.65

12.06

13.06

9.71

10.81

8.97

2.41

7.79

2.29

7.27

3.93

5.80

3.21

2.972.94

6.37

2.80

Benchmark

Scheme

Financial Services Energy Consumer Goods Information Technology Industrial Manufacturing

Cement & Cement Products Construction Metals Cash & Cash Equivalent Automobile

Investment ObjectiveThe investment objective of the scheme is to generate long-term capital appreciation from a diversified portfolio of .........predominantly equity and equity-related securities of companies involved in ........economic development of India as a result of potential investments in infrastructure and unfolding economic reforms. However, there is no assurance that the objective of the scheme will be realized.


Options: Dividend Payout, Dividend ..........Reinvestment & Growth (applicable for all plans)


Ratios


Minimum Investment AmountInitial Investment: `5000 and in multiple of `1 for purchase and for ̀ 0.01 for switchesAdditional Investment: `1000 & in ........multiples of ̀ 1Ideal Investments Horizon: 3 years & above

Load StructureEntry Load: Nil. (applicable for all plans)Exit Load: a) For redemptions / switch outs (including SIP/STP) within 1 year from the date of .......allotment of units: 1%; b) For redemptions / switch outs (including SIP/STP) after 1 year from the date of .........allotment of units: NIL;


7

24.50%

0.89

0.30

16.12%

Portfolio Turnover

$Beta

$Sharpe##

$Standard Deviation




Indraprastha Gas Ltd. Gas 4.29

Ultratech Cement Ltd. Cement 4.16


JMC Projects (India) Ltd Construction 3.42

Schaeffler India Ltd Industrial Products 3.40

BEML Ltd Industrial Capital Goods 3.29

GE Power India Limited Industrial Capital Goods 3.28

Thermax Ltd. Industrial Capital Goods 3.28

Supreme Industries Limited Industrial Products 3.20

Container Corporation of

India Ltd. Transportation 3.15


H G Infra Engineering Ltd. Construction Project 2.95


Gujarat Gas Ltd Gas 2.83

SKF India Ltd Industrial Products 2.77


Hindustan Oil Exploration

Company Ltd. Oil 2.46


Petronet LNG Ltd. Gas 2.29

Kajaria Ceramics Ltd. Construction 2.15

National Thermal Power

Corporation Limited Power 2.10

Cummins India Ltd. Industrial Products 1.94

PNC Infratech Ltd Construction 1.89


Bharat Electronics Ltd Industrial Capital Goods 1.71

CESC Ltd. Power 1.71


Sterlite Technologies Ltd Telecom - Equipment & Accessories 1.56


Kirloskar Oil Engines Ltd. Industrial Products 1.55

Sadbhav Engineering Ltd. Construction Project 1.54

Ratnamani Metals &

Tubes Ltd. Ferrous Metals 1.47

Kalpataru Power

Transmission Ltd. Power 1.44

WPIL Ltd Industrial Products 1.30

Ashok Leyland Ltd. Auto 1.07

Mahindra Lifespace

Developers Ltd Construction 0.94

ABB Ltd. Industrial Capital Goods 0.83

Techno Electric &

Engineering

Company Limited Construction Project 0.79

Inter Globe Aviation Ltd Transportation 0.74

Equity & Equity


Triparty Repo 0.94

Net Current

Assets/(Liabilities) -1.50

Grand Total 100.00

This product is suitable for investors who are seeking*:� Long term capital growth� Long term capital appreciation by investing in equity and

equity related instruments of companies contributing to infrastructure and economic development of India


Investors understand that their principal will be at high risk

yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

An open-ended equity scheme following infrastructure & economic reform

KOTAK INFRASTRUCTURE &ECONOMIC REFORM FUND



PORTFOLIO







Scheme Returns (%)

India Infrastructure Index (Customised Index by IISL) (TRI) ( )#`

India Infrastructure Index (Customised Index by IISL)(TRI) Returns (%)




13,40,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000

26,37,573 21,78,155 13,12,480 7,23,908 3,78,001 1,22,259

11.58 11.49 12.56 7.47 3.21 3.57

17,04,032 14,79,986 10,08,817 6,48,602 3,69,570 1,22,843

4.21 4.11 5.17 3.08 1.72 4.50

27,53,296 22,60,101 13,40,055 8,13,604 4,43,921 1,29,549

12.29 12.18 13.14 12.17 14.18 15.34

Scheme Inception : - February 25, 2008. The returns are calculated by XIRR approach assuming investment of 10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and `final value and a series of cash inflows and outflows and taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception. # Benchmark ; ̂ Additional BenchmarkTRI � Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI).Kotak Infrastructure & Economic Reform Fund NAV as on March 29, 2019: ̀ 17.622 (Dividend Option), ̀ 21.393 (Direct Dividend Option), ̀ 19.945 (Growth Option), ̀ 21.639 (Direct Growth Option)*For Fund Manager experience, please refer page 60-61. ## Risk rate assumed to be 6.40% (FBIL Overnight MIBOR rate as on 29th March 2019). **Total Expense Ratio includes applicable B30 fee and GST.For last three dividends, please refer page no 62-64. For scheme performance, please refer page no 53-59. $ With Effect from 25th May 2018, the Benchmark is changed to India Infrastructure Index (Customised Index by IISL)

11

Investment style


Large

Mid

Small

Fund Manager: Mr. Harish Krishnan*

AAUM: `383.02 crs

AUM: `384.50 crs

Benchmark: India Infrastructure

Index (Customised

Index by IISL) $


Folio count: 24,545

Riskometer

Product Label


8.67

29.04

27.76

22.32

15.71

19.09

13.86

11.59 3.88

7.38

3.82

5.20

3.10

2.91

2.89

7.54

1.53

10.96

1.52

Benchmark

Scheme

Industrial Manufacturing Energy Construction Cement & Cement Products

Chemicals Services Metals Automobile Telecom Financial Services

Note: #Term Deposit as provided above is towards margin for derivatives transactionsEquity Derivative Exposuer is 10.08%

Riskometer

This product is suitable for investors who are seeking*:� Long term capital growth� Investment in portfolio of predominantly equity & equity

related securities* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.


Equity & Equity relatedICICI Bank Ltd. Banks 6.72Reliance Industries Ltd. Petroleum Products 6.47Infosys Ltd. Software 5.54Hindustan Unilever Ltd. Consumer Non Durables 4.44Tata Consultancy Services Ltd. Software 4.41Bajaj Finance Limited Finance 4.10Kotak Mahindra Bank Ltd. Banks 2.99Titan Company Ltd. Consumer Durables 2.96Mahindra & Mahindra Ltd. Auto 2.61Tech Mahindra Ltd. Software 2.54ITC Ltd. Consumer Non Durables 2.51Asian Paints Ltd. Consumer Non Durables 2.48HDFC Ltd. Finance 2.30Larsen And Toubro Ltd. Construction Project 2.23GAIL (India) Ltd. Gas 2.10State Bank Of India Banks 2.02Maruti Suzuki India Limited Auto 2.00ACC Ltd. Cement 1.93Bharat FinancialInclusion Limited Finance 1.91HCL Technologies Ltd. Software 1.66Wipro Ltd. Software 1.52Biocon Ltd. Pharmaceuticals 1.20Jubilant Foodworks Limited Consumer Non Durables 1.18Britannia Industries Ltd. Consumer Non Durables 1.12Axis Bank Ltd Banks 1.03Dabur India Ltd Consumer Non Durables 0.97Dr Reddys Laboratories Ltd Pharmaceuticals 0.89Sun PharmaceuticalsIndustries Ltd. Pharmaceuticals 0.87National Thermal PowerCorporation Limited Power 0.83Voltas Ltd. Consumer Durables 0.69Aavas Financiers Ltd Finance 0.65Exide Industries Ltd Auto Ancillaries 0.60Bajaj Finserv Ltd. Finance 0.56Jindal Steel & Power Ltd. Ferrous Metals 0.55Edelweiss FinancialServices Ltd Finance 0.51

Bharti Airtel Ltd. Telecom - Services 0.48Tata Steel Limited. Ferrous Metals 0.47Inter Globe Aviation Ltd Transportation 0.46Zee EntertainmentEnterprises Ltd Media and Entertainment 0.44RBL Bank Ltd Banks 0.43Shriram TransportFinance Co Ltd. Finance 0.29Ircon International Ltd Construction Project 0.28Indraprastha Gas Ltd. Gas 0.25JSW Steel Ltd. Ferrous Metals 0.23AU Small Finance Bank Ltd. Banks 0.22Motherson Sumi Systems Ltd. Auto Ancillaries 0.21IndusInd Bank Ltd. Banks 0.20Sun TV Network Ltd. Media and Entertainment 0.20Godrej Agrovet Ltd Consumer Non Durables 0.19Mahindra & Mahindra Financial Services Ltd. Finance 0.17Aditya Birla Capital Ltd Finance 0.14Avenue Supermarts Ltd Retailing 0.14Ashok Leyland Ltd. Auto 0.13Amber Enterprises India Ltd Consumer Durables 0.08HDFC Bank Ltd. Banks 0.07Hindustan PetroleumCorporation Ltd Petroleum Products 0.05Equity & EquityRelated - Total 82.22Futures HDFC Bank Ltd.-APR2019 4.69CNX NIFTY-APR2019 3.68CNX BANK INDEX-APR2019 1.71TERM DEPOSITS HDFC Bank Ltd. 2.03IDFC Bank Limited 0.13Term Deposits - Total 2.16Triparty Repo 16.88Net CurrentAssets/(Liabilities) -1.26Grand Total 100.00

Investment ObjectiveThe investment objective of the scheme is to generate capital appreciation from a diversified portfolio of equity and equity related instruments. However, there is no assurance that the objective of the scheme will be realized.




Ratios


Minimum Investment AmountInitial Investment: `5000 and in multiple of `1 for purchase and for ̀ 0.01 for switchesAdditional Investment: ̀ 1000 & in multiples of ̀ 1Ideal Investments Horizon: 3 years & above

Load StructureEntry Load: Nil. (applicable for all plans)Exit Load:a) For redemptions / switch outs (including SIP/STP) within 1 year from the date of allotment of units: 1%. b) For redemption/switch outs (including SIP/STP) after 1 year from the date of allotment of units: Nil.


Portfolio Turnover

$Beta

$Sharpe##

$Standard Deviation

28.22%

0.92

0.87

11.82%

yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately




Scheme Returns (%)

Nifty 100 (TRI) ( )#`





16,50,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000

41,46,641 23,82,792 13,80,903 8,20,763 4,39,500 1,26,367

12.51 13.17 13.98 12.53 13.48 10.15

41,24,142 23,18,374 13,58,656 8,12,756 4,38,154 1,28,225

12.44 12.66 13.53 12.13 13.26 13.17

39,67,794 22,60,101 13,40,055 8,13,604 4,43,921 1,29,549

11.94 12.18 13.14 12.17 14.18 15.34

An open-ended equity scheme following contrarian investment strategy

KOTAK INDIA EQ CONTRA FUND(Erstwhile Kotak Classic Equity)



PORTFOLIO




12

Product Label

Fund Manager: Mr. Deepak Gupta*

AAUM: `735.31 crs

AUM: `764.91 crs

Benchmark: NIFTY 100

Allotment date: July 27, 2005

Folio count: 43,054

Investment style


Large

Mid

Small


Scheme Inception : - July 27,2005. The returns are calculated by XIRR approach assuming investment of 10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and final `value and a series of cash inflows and outflows and taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception. # Benchmark ; ̂ Additional BenchmarkTRI � Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI).Kotak India EQ Contra Fund (Erstwhile Kotak Classic Equity) NAV as on March 29, 2019: ̀ 21.476 (Dividend Option), ̀ 23.946 (Direct Dividend Option), ̀ 52.684 (Growth Option), ̀ 57.018 (Direct Growth Option)*For Fund Manager experience, please refer page 60-61. ## Risk rate assumed to be 6.40% (FBIL Overnight MIBOR rate as on 29th March 2019). **Total Expense Ratio includes applicable B30 fee and GST.For last three dividends, please refer page no 62-64. For scheme performance, please refer page no 53-59.

36.28

29.11

12.80

16.12

12.02

15.73

14.14

9.74 7.36

6.47

5.57 5.40

3.34

3.21

4.12

2.98

2.41

1.93

Benchmark

Scheme

Financial Services Consumer Goods Information Technology Energy Cash & Cash Equivalent

Automobile Others Construction Pharma Cement & Cement Products

7

Investment ObjectiveThe investment objective of the scheme is to generate capital appreciation from a diversified portfolio of equity & equity related instruments across market ........capitalisation and sectors.

There is no assurance or guarantee that the investment objective of the scheme will be achieved.

Available Plans/Options

A)Regular Plan B) Direct Plan

Options: Dividend Payout & Growth ......(applicable for all plans)


Ratios


Minimum Investment AmountThe scheme is a close ended scheme. The units of the scheme can be traded on the stock exchange.

Load StructureEntry Load: Nil. (applicable for all plans)Exit Load: Nil. (applicable for all plans)


78.93%Portfolio Turnover

Equity & Equity related Reliance Industries Ltd. Petroleum Products 7.94ICICI Bank Ltd. Banks 7.15ITC Ltd. Consumer Non Durables 6.01State Bank Of India Banks 4.40City Union Bank Ltd. Banks 3.54Bata India Ltd. Consumer Durables 3.42The Ramco Cements Ltd Cement 3.11Axis Bank Ltd Banks 2.95Kotak Mahindra Bank Ltd. Banks 2.82Tech Mahindra Ltd. Software 2.46CESC Ltd. Power 2.31JMC Projects (India) Ltd Construction 2.30HDFC Bank Ltd. Banks 2.27Mahindra & Mahindra Ltd. Auto 2.25Parag Milk Foods Ltd Consumer Non Durables 2.21GMR Infrastructure Ltd. Construction Project 2.12GlaxoSmithklineConsumer Healthcare Ltd Consumer Non Durables 1.95Emami Ltd. Consumer Non Durables 1.93Eris Lifesciences Ltd Pharmaceuticals 1.89Larsen And Toubro Ltd. Construction Project 1.76Jindal Steel & Power Ltd. Ferrous Metals 1.75Colgate Palmolive (India) Ltd. Consumer Non Durables 1.63Prataap Snacks Ltd Consumer Non Durables 1.56Indraprastha Gas Ltd. Gas 1.49Apollo Tyres Ltd. Auto Ancillaries 1.44Abbott India Ltd. Pharmaceuticals 1.42Infosys Ltd. Software 1.33Eicher Motors Ltd Auto 1.25Odisha Cement Ltd Services 1.21Jubilant Foodworks Limited Consumer Non Durables 1.16Titan Company Ltd. Consumer Durables 1.15

Saregama India Ltd. Media and Entertainment 1.10CESC Ventures Ltd. Software 1.08HDFC Ltd. Finance 1.08Tata Motors Ltd. Auto 1.02Future Retail Ltd. Retailing 0.86Hero MotoCorp Ltd. Auto 0.80Ashok Leyland Ltd. Auto 0.72Inter Globe Aviation Ltd Transportation 0.42Spencers Retail Ltd. Retailing 0.30Equity & EquityRelated - Total 87.56Futures HDFC Bank Ltd.-APR2019 3.39IndusInd Bank Ltd.-APR2019 1.62Inter Globe Aviation Ltd-APR2019 0.63Titan Company Ltd.-APR2019 0.40Options CNX NIFTY - 10500.000 - Put Option - December 2020 3.50Options - Total 3.50TERM DEPOSITS HDFC Bank Ltd. 1.71Term Deposits - Total 1.71Triparty Repo 5.75Net CurrentAssets/(Liabilities) 1.48Grand Total 100.00

This product is suitable for investors who are seeking*:� Long term capital growth� Investment in equity and equity related securities

without any market capitalisation and sector bias.* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Multicap fund - A 36 months close ended equity scheme investing across large cap,midcap and small cap stocks

KOTAK INDIA GROWTH FUND SERIES 4



PORTFOLIO


Kotak India Growth Fund Series 4 NAV as on March 29, 2019: ̀ 9.588 (Dividend Option), ̀ 9.677 (Direct Dividend Option), ̀ 9.587 (Growth Option), ̀ 9.685 (Direct Growth Option)*For Fund Manager experience, please refer page 60-61. **Total Expense Ratio includes applicable B30 fee and GST. For last three dividends, please refer page no 62-64. For scheme performance, please refer page no 53-59.

Investment style


Large

Mid

Small

Fund Manager: Mr. Devender Singhal* (w.e.f. January 24, 2019)

AAUM: `399.51 crs

AUM: `410.42 crs



Folio count: 15,135


Riskometer

yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Product Label


13

Note: #Term Deposit as provided above is towards margin for derivatives transactionsEquity Derivative Exposuer is 9.54%

35.84

29.22

12.82

22.29

13.57

11.74

6.58

7.48

3.57

6.18

2.30

4.31

11.41

3.793.50

4.46

3.322.90

Benchmark

Scheme

Financial Services Consumer Goods Energy Automobile Construction Cement & Cement Products

Information Technology Others Pharma Cash & Cash Equivalent

Investment ObjectiveTo generate capital appreciation from a diversified portfolio of equity & equity related instruments across market .........capitalisation and sectors.


Available Plans/OptionsA)Regular Plan B) Direct Plan



Ratios









Bharat Financial

Inclusion Limited Finance 3.94

Mahindra & Mahindra Ltd. Auto 3.54

Sun Pharmaceuticals

Industries Ltd. Pharmaceuticals 3.31

Bandhan Bank Limited Banks 3.06


Coromandel International Ltd. Fertilisers 2.81


Schaeffler India Ltd Industrial Products 2.72

Motherson Sumi Systems Ltd. Auto Ancillaries 2.69

GE Power India Limited Industrial Capital Goods 2.63

Sun TV Network Ltd. Media and Entertainment 2.61

Inter Globe Aviation Ltd Transportation 2.57

Bajaj Finance Limited Finance 2.42


P I Industries Ltd Pesticides 2.28

Mahindra Lifespace

Developers Ltd Construction 2.24

Hindustan Oil Exploration

Company Ltd. Oil 2.15

Future Retail Ltd. Retailing 2.07

Ratnamani Metals &

Tubes Ltd. Ferrous Metals 2.05

Tata Motors Ltd. Auto 2.05



Ashok Leyland Ltd. Auto 1.83

Edelweiss Financial

Services Ltd Finance 1.78

CRISIL Ltd. Finance 1.77


Laurus Labs Ltd Pharmaceuticals 1.70


Saregama India Ltd. Media and Entertainment 1.63

Lupin Ltd. Pharmaceuticals 1.51

Sterlite Technologies Ltd Telecom - Equipment &

Accessories 1.42

Titan Company Ltd. Consumer Durables 1.20

Cadila Healthcare Ltd. Pharmaceuticals 1.16

Vinati Organics Ltd Chemicals 0.91

Varroc Engineering Ltd. Auto Ancillaries 0.10

Equity & Equity


Triparty Repo 2.13

Net Current


Grand Total 100.00

Multicap fund - A 1099 days close ended equity scheme investing across large cap,midcap and small cap stocks




PORTFOLIO


Kotak India Growth Fund Series 5 NAV as on March 29, 2019: ̀ 9.698 (Dividend Option), ̀ 9.729 (Direct Dividend Option), ̀ 9.698 (Growth Option), ̀ 9.729 (Direct Growth Option)*For Fund Manager experience, please refer page 60-61. **Total Expense Ratio includes applicable B30 fee and GST. For last three dividends, please refer page no 62-64. For scheme performance, please refer page no 53-59.

Investment style


Large

Mid

Small

This product is suitable for investors who are seeking*:� Long term capital growth� Investment in equity and equity related securities

without any market capitalisation and sector bias.* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.


Riskometer

yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Product Label

Fund Manager: Mr. Harish Krishnan* (w.e.f. January 24, 2019)

AAUM: `352.65 crs

AUM: `361.58 crs


Allotment date: May 15, 2018

Folio count: 4,604


14

Note: #Term Deposit as provided above is towards margin for derivatives transactions

35.84

25.11

13.57

16.32

6.58

13.10

4.46

7.68

1.12

7.09

0.78

5.09

3.38

4.80

0.55

4.24

12.82

3.27

0.48

2.61

Benchmark

Scheme

Financial Services Energy Automobile Pharma Industrial Manufacturing Fertilisers & Pesticides

Metals Media & Entertainment Consumer Goods Chemicals

Investment ObjectiveThe investment objective of the scheme is to generate capital appreciation from a diversified portfolio of equity & equity related instruments across market capitalisation and sectors. It also endeavors to manage risks through equity derivatives.


Available Plans/OptionsA)Regular Plan B) Direct Plan



Ratios









ITC Ltd. Consumer Non Durables 5.51



Tata Consultancy Services Ltd. Software 3.52

HDFC Ltd. Finance 3.09

State Bank Of India Banks 2.69

Hindustan Unilever Ltd. Consumer Non Durables 2.56

Indraprastha Gas Ltd. Gas 2.52



Torrent Pharmaceuticals Ltd. Pharmaceuticals 2.21

IndusInd Bank Ltd. Banks 2.17


Aurobindo Pharma Ltd. Pharmaceuticals 1.75

Tech Mahindra Ltd. Software 1.73




City Union Bank Ltd. Banks 1.48


Colgate Palmolive (India ) Ltd. Consumer Non Durables 1.45

Supreme Industries Limited Industrial Products 1.23


Tata Steel Limited. Ferrous Metals 1.09

Maruti Suzuki India Limited Auto 1.06

Britannia Industries Ltd. Consumer Non Durables 1.05


Equity & Equity


Options

CNX NIFTY - 11400.000 -

Put Option - June 2021 3.73

CNX NIFTY - 11200.000 -


CNX NIFTY - 11300.000 -


Options - Total 4.79

Triparty Repo 2.40

Net Current


Grand Total 100.00

Multicap Fund - A 36 months close ended equity scheme investing across large cap,midcap and small cap stocks.




PORTFOLIO


Kotak India Growth Fund Series 7 NAV as on March 29, 2019: ̀ 10.347 (Dividend Option), ̀ 10.411 (Direct Dividend Option), ̀ 10.347 (Growth Option), ̀ 10.411(Direct Growth Option)*For Fund Manager experience, please refer page 60-61. **Total Expense Ratio includes applicable B30 fee and GST. For last three dividends, please refer page no 62-64. For scheme performance, please refer page no 53-59.

Investment style


Large

Mid

Small

This product is suitable for investors who are seeking*:� Long term capital growth.� Investment in equity and equity related securities

without any market capitalisation and sector bias.*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.


Riskometer

yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Product Label

Fund Manager: Mr. Devender Singhal* (w.e.f. January 24, 2019)

AAUM: `32.71 crs

AUM: `33.40 crs

Benchmark: Nifty 50

Allotment date: August 31, 2018

Folio count: 561


15


Equity Derivative Exposuer is 4.79%

38.85

41.71

13.67

12.11

15.30

10.61

11.29

10.57 4.79

2.42

3.96

1.62

3.963.81

3.081.58

Benchmark

Scheme

Financial Services Information Technology Energy Consumer Goods Others Automobile

Pharma Cement & Cement Products Cash & Cash Equivalent Textiles

6.08

7

Issuer/Instrument Industry/Rating % to Net Assets % to Net Assets Derivatives

Equity & Equity relatedHedgedReliance Industries Ltd. Petroleum Products 10.20 -10.27Hindustan Unilever Ltd. Consumer Non Durables 4.50 -4.52HDFC Ltd. Finance 4.21 -4.23Infosys Ltd. Software 3.02 -3.03Asian Paints Ltd. Consumer Non Durables 2.63 -2.65Grasim Industries Ltd. Cement 2.51 -2.53Yes Bank Ltd Banks 1.82 -1.83Adani Port and Special Economic Zone Limited Transportation 1.79 -1.80State Bank Of India Banks 1.68 -1.68ITC Ltd. Consumer Non Durables 1.52 -1.53Maruti Suzuki India Limited Auto 1.37 -1.38Mahindra & Mahindra Ltd. Auto 1.20 -1.21United Spirits Ltd. Consumer Non Durables 1.14 -1.14Nestle India Ltd. Consumer Non Durables 1.04 -1.04Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 1.01 -1.02Dr Reddys Laboratories Ltd Pharmaceuticals 1.00 -1.00Mahindra & Mahindra Financial Services Ltd. Finance 0.93 -0.94Tata Consultancy Services Ltd. Software 0.91 -0.92Tata Power Co. Ltd. Power 0.84 -0.85Dabur India Ltd Consumer Non Durables 0.80 -0.81Havells India Ltd. Consumer Durables 0.76 -0.77Divi s Laboratories Limited Pharmaceuticals 0.74 -0.75Bosch Limited Auto Ancillaries 0.71 -0.72Hindalco Industries Ltd Non - Ferrous Metals 0.70 -0.71Lupin Ltd. Pharmaceuticals 0.67 -0.68Siemens Ltd. Industrial Capital Goods 0.66 -0.66Federal Bank Ltd. Banks 0.64 -0.65Hero MotoCorp Ltd. Auto 0.63 -0.64MindTree Ltd. Software 0.61 -0.62Aurobindo Pharma Ltd. Pharmaceuticals 0.60 -0.61Piramal Enterprises Limited Pharmaceuticals 0.59 -0.58Jindal Steel & Power Ltd. Ferrous Metals 0.57 -0.57Kotak Mahindra Bank Ltd. Banks 0.54 -0.54Bajaj Finance Limited Finance 0.53 -0.53Cadila Healthcare Ltd. Pharmaceuticals 0.53 -0.54Godrej Consumer Products Ltd. Consumer Non Durables 0.53 -0.54Marico Ltd. Consumer Non Durables 0.53 -0.54Bank Of Baroda Banks 0.52 -0.53Indiabulls Housing Finance Ltd. Finance 0.52 -0.52Tech Mahindra Ltd. Software 0.49 -0.49Exide Industries Ltd Auto Ancillaries 0.48 -0.49Punjab National Bank Banks 0.48 -0.48The Ramco Cements Ltd Cement 0.48 -0.48Bharat Heavy Electricals Ltd. Industrial Capital Goods 0.43 -0.43ACC Ltd. Cement 0.42 -0.42Steel Authority of India Ltd. Ferrous Metals 0.41 -0.41JSW Steel Ltd. Ferrous Metals 0.40 -0.41Tata Chemicals Ltd. Chemicals 0.40 -0.40Apollo Hospitals Enterprises Ltd. Healthcare Services 0.37 -0.37Adani Power Ltd Power 0.36 -0.37Colgate Palmolive (India ) Ltd. Consumer Non Durables 0.36 -0.37Glenmark Pharmaceuticals Ltd Pharmaceuticals 0.36 -0.36MRF Limited Auto Ancillaries 0.36 -0.36Shriram Transport Finance Co Ltd. Finance 0.36 -0.36Apollo Tyres Ltd. Auto Ancillaries 0.35 -0.35GMR Infrastructure Ltd. Construction Project 0.35 -0.35Petronet LNG Ltd. Gas 0.35 -0.35CESC Ltd. Power 0.33 -0.33Tata Motors Ltd - DVR Auto 0.33 -0.33Kajaria Ceramics Ltd. Construction 0.32 -0.32IDFC Limited Finance 0.29 -0.29Pidilite Industries Ltd. Chemicals 0.29 -0.29Karnataka Bank Ltd Banks 0.28 -0.29Tata Steel Limited. Ferrous Metals 0.28 -0.28United Breweries Ltd. Consumer Non Durables 0.28 -0.28Vedanta Ltd. Non - Ferrous Metals 0.28 -0.29Equitas Holdings Ltd Finance 0.27 -0.27

Investment ObjectiveThe investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market instruments.



Dividend FrequencyFortnightly (Every alternate Monday from the 1st record date), Monthly (Monday preceding the last Thursday of the month), Bimonthly (Monday preceding the last Thursday of the following months - January, March, May, July, September, November)

Ratios


Minimum Investment AmountInitial Investment: `5000 and in multiple of `1 for purchase and for ̀ 0.01 for switchesAdditional Investment: `1000 & in multiples of ̀ 1Ideal Investments Horizon: 3 months & above

Load StructureEntry Load: Nil. (applicable for all plans)Exit Load: a) For redemptions/switch outs (including SIP/STP) within 30 days from the date of allotment of units: 0.25%b) For redemptions/switch outs (including SIP/STP) after 30 days from the date of allotment of units: Nil


404.41%

0.33

-0.97

0.39%

Portfolio Turnover

$Beta

$Sharpe##

$Standard Deviation

An open-ended scheme investing in arbitrage opportunities

KOTAK EQUITY ARBITRAGE

PORTFOLIO

16

Investment style


Large

Mid

Small

Maturity

Short Medium Long Volatility

Low

Medium

High


AAUM: `12,434.32 crs

AUM: `12,043.17 crs

Benchmark: Nifty 50 Arbitrage


Folio count: 26,708

Investors understand that their principal will be at moderately low risk

yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

This product is suitable for investors who are seeking*:� Income from arbitrage opportunities in the equity market� Investment in arbitrage opportunities in the cash &

derivatives segment of the equity market.* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Riskometer

Product Label

*For Fund Manager experience, please refer page 60-61. ## Risk rate assumed to be 6.40% (FBIL Overnight MIBOR rate as on 29th March 2019). **Total Expense Ratio includes applicable B30 fee and GST.For last three dividends, please refer page no 62-64. For scheme performance, please refer page no 53-59.



PORTFOLIO

7

Jubilant Foodworks Limited Consumer Non Durables 0.26 -0.26Zee Entertainment Enterprises Ltd Media and Entertainment 0.26 -0.26Adani Enterprises Ltd Trading 0.25 -0.26Bajaj Finserv Ltd. Finance 0.25 -0.25Biocon Ltd. Pharmaceuticals 0.25 -0.26Union Bank Of India Banks 0.25 -0.26Ashok Leyland Ltd. Auto 0.24 -0.24UPL Ltd Pesticides 0.24 -0.24Amara Raja Batteries Ltd. Auto Ancillaries 0.23 -0.23Shree Cement Ltd. Cement 0.23 -0.24Bharat Forge Ltd. Industrial Products 0.21 -0.21Century Textiles & Industries Ltd. Cement 0.21 -0.22Bank of India Banks 0.20 -0.20Bharat Electronics Ltd Industrial Capital Goods 0.20 -0.20NIIT Technologies Ltd Software 0.20 -0.20Dewan Housing Finance Corporation Ltd. Finance 0.19 -0.19HCL Technologies Ltd. Software 0.19 -0.19India Cements Ltd. Cement 0.19 -0.19L&T Finance Holdings Ltd Finance 0.19 -0.19National Thermal Power Corporation Limited Power 0.19 -0.19The South Indian Bank Ltd. Banks 0.19 -0.19Tata Communications Ltd Telecom - Services 0.18 -0.18Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.18 -0.18NMDC Ltd. Minerals/Mining 0.17 -0.17Oracle Financial Services Software Ltd Software 0.17 -0.17SRF Ltd. Textile Products 0.17 -0.17TV18 Broadcast Ltd Media and Entertainment 0.17 -0.17Can Fin Homes Ltd. Finance 0.16 -0.16Engineers India Ltd. Construction Project 0.16 -0.17Tata Global Beverages Limited Consumer Non Durables 0.16 -0.16Cholamandalam Investment and Finance Company Ltd Finance 0.14 -0.14Cipla Ltd. Pharmaceuticals 0.14 -0.14Jain Irrigation Systems Ltd. Industrial Products 0.14 -0.14BEML Ltd Industrial Capital Goods 0.13 -0.13Gujarat State Fertilizers & Chemicals Ltd. Fertilisers 0.13 -0.13LIC Housing Finance Ltd. Finance 0.13 -0.14Manappuram Finance Ltd Finance 0.13 -0.13NBCC (India) Ltd Construction 0.13 -0.14GAIL (India) Ltd. Gas 0.12 -0.13Hindustan Petroleum Corporation Ltd Petroleum Products 0.12 -0.12Sun TV Network Ltd. Media and Entertainment 0.12 -0.12Canara Bank Banks 0.11 -0.11Reliance Infrastructure Ltd Power 0.11 -0.11Tata Motors Ltd. Auto 0.11 -0.11Ambuja Cements Ltd Cement 0.10 -0.10Hexaware Technologies Ltd. Software 0.10 -0.10National Aluminium Company Ltd Non - Ferrous Metals 0.10 -0.10Wockhardt Ltd. Pharmaceuticals 0.10 -0.10Birlasoft Ltd. Software 0.09 -0.09Development Credit Bank Ltd. Banks 0.08 -0.09NCC Limited Construction Project 0.08 -0.08Berger Paints (I) Ltd. Consumer Non Durables 0.07 -0.07Britannia Industries Ltd. Consumer Non Durables 0.07 -0.07IRB Infrastructure Developers Ltd Construction 0.07 -0.07Suzlon Energy Ltd. Industrial Capital Goods 0.07 -0.07Titan Company Ltd. Consumer Durables 0.07 -0.07Torrent Power Ltd Power 0.07 -0.07Wipro Ltd. Software 0.07 -0.07Cummins India Ltd. Industrial Products 0.06 -0.06Indraprastha Gas Ltd. Gas 0.06 -0.06Raymond Limited Textile Products 0.06 -0.06Reliance Power Ltd Power 0.06 -0.06Syndicate Bank Banks 0.06 -0.06Tata Elxsi Ltd. Software 0.06 -0.06Bharat Financial Inclusion Limited Finance 0.05 -0.05Bharti Airtel Ltd. Telecom - Services 0.05 -0.05Axis Bank Ltd Banks 0.04 -0.04Godfrey Phillips India Ltd. Consumer Non Durables 0.04 -0.04Inter Globe Aviation Ltd Transportation 0.04 -0.04



17

Ultratech Cement Ltd. Cement 0.04 -0.04Bharti Infratel Ltd. Telecom - Equipment & Accessories 0.03 -0.04Castrol (India ) Ltd. Petroleum Products 0.03 -0.03CG Power and Industrial Solutions Limited Industrial Capital Goods 0.03 -0.03ICICI Prudential Life Insurance Company Ltd Finance 0.03 -0.03IFCI Ltd. Finance 0.03 -0.03Mangalore Refinery And Petrochemicals Ltd. Petroleum Products 0.03 -0.03Page Industries Ltd Textile Products 0.03 -0.03Power Finance Corporation Ltd. Finance 0.03 -0.03Strides Pharma Science Ltd Pharmaceuticals 0.03 -0.03Bharat Petroleum Corporation Ltd. Petroleum Products 0.02 -0.02Container Corporation of India Ltd. Transportation 0.02 -0.02Dish TV India Ltd. Media and Entertainment 0.02 -0.02IDBI Bank Ltd. Banks 0.02 -0.02Larsen And Toubro Ltd. Construction Project 0.02 -0.02Max Financial Services Ltd. Finance 0.02 -0.02Chennai Petroleum Corporation Ltd Petroleum Products 0.01 -0.01Godrej Industries Ltd Consumer Non Durables 0.01 -0.01Hindustan Zinc Ltd. Non - Ferrous Metals 0.01 -0.01ICICI Bank Ltd. Banks 0.01 -0.01IndusInd Bank Ltd. Banks 0.01 -0.01NHPC Limited Power 0.01 -0.01Oil & Natural Gas Corporation Ltd. Oil 0.01 -0.01Hedged - Total 75.98 -76.53Equity & EquityRelated - Total 75.98 -76.53Mutual Fund Units Kotak Mahindra Quarterly IntervalPlan Series 13Direct Growth 0.04 Mutual Fund Units - Total 0.04 Debt Instruments Debentures and Bonds Corporate Debt/Financial Institutions Mahindra & Mahindra Financial Services Ltd. FITCH IND AAA 0.42 HDFC Ltd. CRISIL AAA 0.21 Kotak Mahindra Prime Ltd. CRISIL AAA 0.08 Corporate Debt/Financial Institutions - Total 0.71 TERM DEPOSITS HDFC Bank Ltd. 16.73 IDFC Bank Limited 1.69 Federal Bank Ltd. 0.62 AU Small Finance Bank Ltd. 0.42 Equitas Small Finance Bank Ltd. 0.21 IndusInd Bank Ltd. 0.21 RBL Bank Ltd. 0.21 Equitas Small Finance Bank Ltd. ( ) 0.20 Term Deposits - Total 20.29 Triparty Repo 0.39 Net Current Assets/(Liabilities) 2.59 Grand Total 100.00

Note:Term Deposit as provided above is towards margin for derivatives transactionsEquity Derivative Exposuer is 76.53%




PORTFOLIO

Kotak Equity Arbitrage NAV as on March 29, 2019: `10.7084 (Monthly Dividend Option), `11.0076 (Direct monthly Dividend Option), `26.3825 (Growth Option), `27.203 (Direct Growth Option), `19.9903 (Bimonthly Option), `20.1813 (Direct Bimonthly Option), `23.0666 (Fortnightly Dividend), `23.5389 (Direct Fortnightly Dividend)


18

Banks Pharmaceuticals

TREP & Term Deposits & Rev.Repo Consumer Non Durables Petroleum Products Finance

Software Cement Auto Auto Ancillaries REST

20.68 13.94 10.41 8.46 6.93 6.20 5.914.18

3.882.13

17.28

7

An open ended dynamic asset allocation fund

KOTAK BALANCEDADVANTAGE FUND

19

Investment ObjectiveThe investment objective of the scheme is to generate capital appreciation by investing in a dynamically balanced portfolio of equity & equity related securities and debt & money market securities.



Dividend FrequencyTrustee's Discretion

Ratios

Minimum Investment AmountInitial Investment: `1000 and in multiple of `1 for purchase and of ̀ 0.01 for switchesAdditional Investment: `1000 & in multiples of ̀ 1

Load StructureEntry Load: Nil. (applicable for all plans)Exit Load: a) For redemption/switch out of upto 10% of the initial investment amount (limit) purchased or switched in within 1 year from the date of allotment: Nil.b) If units redeemed or switched out are in excess of the limit within 1 year from the date of allotment: 1%.c) If units are redeemed or switched out on or alter 1 year from the date of allotment: Nil.



Riskometer

yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

This product is suitable for investors who are seeking*:� Wealth creation over a long period of time.� Investment in equity, equity related securities &

debt, money market instruments while managing risk through active allocation.

� Investors should consult their financial advisors if in doubt about whether the product is suitable for them.


Product Label

Fund Manager: Mr. Deepak Gupta,

Mr. Harish Krishnan &

Mr. Abhishek Bisen*

AAUM: `2,586.44 crs

AUM: `2,637.98 crs

Benchmark: NIFTY 50 Hybrid Composite Debt

50:50 Index


Folio count: 67,278

Investment style


Large

Mid

Small



Equity & Equity relatedNon-HedgedCNX NIFTY-APR2019 -1.19Reliance Industries Ltd. Petroleum Products 3.15 HDFC Bank Ltd. Banks 2.89 ICICI Bank Ltd. Banks 2.41 Axis Bank Ltd Banks 1.71 Infosys Ltd. Software 1.69 Kotak Mahindra Bank Ltd. Banks 1.41 ITC Ltd. Consumer Non Durables 1.24 HDFC Ltd. Finance 1.13 State Bank Of India Banks 1.11 Larsen And Toubro Ltd. Construction Project 0.99 Tata Consultancy Services Ltd. Software 0.79 Tech Mahindra Ltd. Software 0.71 APL Apollo Tubes Limited Ferrous Metals 0.69 Tata Steel Limited. Ferrous Metals 0.68 Mahindra & Mahindra Ltd. Auto 0.66 Bharat Financial Inclusion Limited Finance 0.65 Asian Paints Ltd. Consumer Non Durables 0.64 GAIL (India) Ltd. Gas 0.52 Shree Cement Ltd. Cement 0.52 Gujarat Gas Ltd Gas 0.49 Pfizer Ltd. Pharmaceuticals 0.49 Bharat Petroleum Corporation Ltd. Petroleum Products 0.45 Bharat Electronics Ltd Industrial Capital Goods 0.44 Lupin Ltd. Pharmaceuticals 0.44 Mahindra Lifespace Developers Ltd Construction 0.44 Container Corporation of India Ltd. Transportation 0.43 HDFC Standard Life Insurance Company Ltd Finance 0.43 Indraprastha Gas Ltd. Gas 0.43 Dabur India Ltd Consumer Non Durables 0.42 Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 0.42 Ultratech Cement Ltd. Cement 0.42 ICICI Lombard General Insurance Company Ltd Finance 0.40 Motherson Sumi Systems Ltd. Auto Ancillaries 0.40 Cadila Healthcare Ltd. Pharmaceuticals 0.39 Sterlite Technologies Ltd Telecom - Equipment & Accessories 0.39 The Ramco Cements Ltd Cement 0.39 Bajaj Finance Limited Finance 0.36 Coromandel International Ltd. Fertilisers 0.34 Ashok Leyland Ltd. Auto 0.33 RBL Bank Ltd Banks 0.33 Bandhan Bank Limited Banks 0.32 Inter Globe Aviation Ltd Transportation 0.30 Sun TV Network Ltd. Media and Entertainment 0.30 Ratnamani Metals & Tubes Ltd. Ferrous Metals 0.29 Wipro Ltd. Software 0.29 Hindustan Zinc Ltd. Non - Ferrous Metals 0.28 Eicher Motors Ltd Auto 0.27 Supreme Industries Limited Industrial Products 0.27 AU Small Finance Bank Ltd. Banks 0.20 Edelweiss Financial Services Ltd Finance 0.19 GlaxoSmithkline Consumer Healthcare Ltd Consumer Non Durables 0.17 Maruti Suzuki India Limited Auto 0.16 Jubilant Foodworks Limited Consumer Non Durables 0.13 Non-Hedged- Total 35.39 -1.19Hedged Reliance Industries Ltd. Petroleum Products 2.69 -2.69Yes Bank Ltd Banks 1.91 -1.93Punjab National Bank Banks 1.81 -1.82Cadila Healthcare Ltd. Pharmaceuticals 1.47 -1.47Infosys Ltd. Software 1.47 -1.47ITC Ltd. Consumer Non Durables 1.36 -1.36Mahindra & Mahindra Ltd. Auto 0.86 -0.86Hindustan Unilever Ltd. Consumer Non Durables 0.82 -0.82HDFC Ltd. Finance 0.76 -0.76Indiabulls Housing Finance Ltd. Finance 0.74 -0.75Grasim Industries Ltd. Cement 0.71 -0.71Mahindra & Mahindra Financial Services Ltd. Finance 0.66 -0.67Adani Enterprises Ltd Trading 0.64 -0.65The South Indian Bank Ltd. Banks 0.63 -0.64NCC Limited Construction Project 0.60 -0.61Havells India Ltd. Consumer Durables 0.56 -0.57Bank Of Baroda Banks 0.51 -0.51Nestle India Ltd. Consumer Non Durables 0.50 -0.50ACC Ltd. Cement 0.47 -0.47

PORTFOLIO

*For Fund Manager experience, please refer page 60-61. ## Risk rate assumed to be **Total Expense Ratio includes applicable B30 fee and GST.6.40% (FBIL Overnight MIBOR rate as on 29th March 2019).For last three dividends, please refer page no 62-64. For scheme performance, please refer page no 53-59.

Maturity


Low

Med

High



PORTFOLIO

Aurobindo Pharma Ltd. Pharmaceuticals 0.43 -0.43State Bank Of India Banks 0.43 -0.43Bajaj Finance Limited Finance 0.41 -0.41Can Fin Homes Ltd. Finance 0.36 -0.37Tech Mahindra Ltd. Software 0.36 -0.36Raymond Limited Textile Products 0.32 -0.32Jindal Steel & Power Ltd. Ferrous Metals 0.31 -0.31Strides Pharma Science Ltd Pharmaceuticals 0.31 -0.31Century Textiles & Industries Ltd. Cement 0.29 -0.29Dabur India Ltd Consumer Non Durables 0.29 -0.29Kajaria Ceramics Ltd. Construction 0.29 -0.29MRF Limited Auto Ancillaries 0.29 -0.29Tata Communications Ltd Telecom - Services 0.29 -0.29Bharat Financial Inclusion Limited Finance 0.27 -0.27Maruti Suzuki India Limited Auto 0.27 -0.27Reliance Power Ltd Power 0.25 -0.26Sun TV Network Ltd. Media and Entertainment 0.25 -0.25Wockhardt Ltd. Pharmaceuticals 0.24 -0.24Canara Bank Banks 0.23 -0.23CESC Ltd. Power 0.23 -0.23Divi s Laboratories Limited Pharmaceuticals 0.23 -0.23Dr Reddys Laboratories Ltd Pharmaceuticals 0.23 -0.23Equitas Holdings Ltd Finance 0.22 -0.22Manappuram Finance Ltd Finance 0.22 -0.22Union Bank Of India Banks 0.22 -0.22Vedanta Ltd. Non - Ferrous Metals 0.22 -0.22Bajaj Finserv Ltd. Finance 0.21 -0.21Colgate Palmolive (India ) Ltd. Consumer Non Durables 0.21 -0.21Glenmark Pharmaceuticals Ltd Pharmaceuticals 0.21 -0.21Shriram Transport Finance Co Ltd. Finance 0.21 -0.22Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.20 -0.20Jubilant Foodworks Limited Consumer Non Durables 0.18 -0.18Lupin Ltd. Pharmaceuticals 0.18 -0.18Asian Paints Ltd. Consumer Non Durables 0.17 -0.17Siemens Ltd. Industrial Capital Goods 0.16 -0.17Tata Motors Ltd - DVR Auto 0.15 -0.15Zee Entertainment Enterprises Ltd Media and Entertainment 0.15 -0.15Adani Port and Special Economic Zone Limited Transportation 0.14 -0.14Bank of India Banks 0.13 -0.13United Spirits Ltd. Consumer Non Durables 0.12 -0.12Bharat Forge Ltd. Industrial Products 0.11 -0.11Jain Irrigation Systems Ltd. Industrial Products 0.11 -0.11TV18 Broadcast Ltd Media and Entertainment 0.11 -0.11Britannia Industries Ltd. Consumer Non Durables 0.10 -0.10India Cements Ltd. Cement 0.10 -0.10Tata Power Co. Ltd. Power 0.10 -0.10Adani Power Ltd Power 0.09 -0.09Karnataka Bank Ltd Banks 0.09 -0.09L&T Finance Holdings Ltd Finance 0.09 -0.09Suzlon Energy Ltd. Industrial Capital Goods 0.09 -0.09Apollo Hospitals Enterprises Ltd. Healthcare Services 0.08 -0.08Ashok Leyland Ltd. Auto 0.07 -0.07Birlasoft Ltd. Software 0.07 -0.07CG Power and Industrial Solutions Limited Industrial Capital Goods 0.07 -0.07Petronet LNG Ltd. Gas 0.07 -0.07Tata Consultancy Services Ltd. Software 0.07 -0.07Amara Raja Batteries Ltd. Auto Ancillaries 0.06 -0.06Federal Bank Ltd. Banks 0.06 -0.06GAIL (India) Ltd. Gas 0.06 -0.06Reliance Infrastructure Ltd Power 0.06 -0.06Apollo Tyres Ltd. Auto Ancillaries 0.05 -0.05Mangalore Refinery And Petrochemicals Ltd. Petroleum Products 0.05 -0.05Page Industries Ltd Textile Products 0.05 -0.05SRF Ltd. Textile Products 0.05 -0.05Tata Chemicals Ltd. Chemicals 0.05 -0.05The Ramco Cements Ltd Cement 0.05 -0.05Ambuja Cements Ltd Cement 0.04 -0.04Bosch Limited Auto Ancillaries 0.04 -0.04Cholamandalam Investment and Finance Company Ltd Finance 0.04 -0.04DLF Limited Construction 0.04 -0.04Godrej Consumer Products Ltd. Consumer Non Durables 0.04 -0.04HCL Technologies Ltd. Software 0.04 -0.04LIC Housing Finance Ltd. Finance 0.04 -0.04Pidilite Industries Ltd. Chemicals 0.04 -0.04Container Corporation of India Ltd. Transportation 0.03 -0.03Exide Industries Ltd Auto Ancillaries 0.03 -0.03

KOTAK BALANCED ADVANTAGE FUND


20

Steel Authority of India Ltd. Ferrous Metals 0.03 -0.03BEML Ltd Industrial Capital Goods 0.02 -0.02Berger Paints (I) Ltd. Consumer Non Durables 0.02 -0.02Bharat Heavy Electricals Ltd. Industrial Capital Goods 0.02 -0.02Cummins India Ltd. Industrial Products 0.02 -0.02IDBI Bank Ltd. Banks 0.02 -0.02IRB Infrastructure Developers Ltd Construction 0.02 -0.02JSW Steel Ltd. Ferrous Metals 0.02 -0.02Repco Home Finance Limited. Finance 0.02 -0.02Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 0.02 -0.02Tata Elxsi Ltd. Software 0.02 -0.02Bharti Infratel Ltd. Telecom - Equipment & Accessories 0.01 -0.01Biocon Ltd. Pharmaceuticals 0.01 -0.01Development Credit Bank Ltd. Banks 0.01 -0.01GMR Infrastructure Ltd. Construction Project 0.01 -0.01Godfrey Phillips India Ltd. Consumer Non Durables 0.01 -0.01Hero MotoCorp Ltd. Auto 0.01 -0.01IDFC Limited Finance 0.01 -0.01IFCI Ltd. Finance 0.01 -0.01Marico Ltd. Consumer Non Durables 0.01 -0.01MindTree Ltd. Software 0.01 -0.01Oracle Financial Services Software Ltd Software 0.01 -0.01Tata Global Beverages Limited Consumer Non Durables 0.01 -0.01Tata Steel Limited. Ferrous Metals 0.01 -0.01Hedged - Total 31.75 -31.88 Equity & Equity Related - Total 67.14 -33.07Debt Instruments Debentures and Bonds Corporate Debt/Financial Institutions Reliance Jio Infocomm Ltd. CRISIL AAA 3.69 HDFC Ltd. CRISIL AAA 3.16 Shriram Transport Finance Co Ltd. CRISIL AA+ 2.96 Reliable Devices Trust(Underlying customer Reliance Retail ) ICRA AAA(SO) 1.58 L & T Finance Ltd. ICRA AAA 1.14 Kotak Mahindra Prime Ltd. CRISIL AAA 0.38 Sundaram Finance Ltd. CRISIL AAA 0.35 Reliance Industries Ltd. CRISIL AAA 0.19 Corporate Debt/Financial Institutions - Total 13.45 Public Sector Undertakings Power Finance Corporation Ltd. CRISIL AAA 2.70 State Bank Of India. CRISIL AA+ 2.68 Vijaya Bank ICRA AA- 1.42 Indian Railway Finance Corporation Ltd. CRISIL AAA 0.78 Power Grid Corporation of India Ltd. CRISIL AAA 0.37 National Bank for Agriculture & Rural Development CRISIL AAA 0.11 Public Sector Undertakings - Total 8.06 TERM DEPOSITS HDFC Bank Ltd. 5.10 RBL Bank Ltd. 2.77 AU Small Finance Bank Ltd. 0.38 Term Deposits - Total 8.25 Triparty Repo 1.67 Net Current Assets/(Liabilities) 1.43 Grand Total 100.00



PORTFOLIO

KOTAK BALANCED ADVANTAGE FUND


(^) Fully or Party blocked against Interest Rate Swap (IRS). Hedging Position through Interest Rate Swaps as on 31 Aug 2018 is 4.63% of the net assets.kotak Balanced Advantage Fund NAV as on : `10.388 (Dividend Option), `10.469 (Direct Dividend Option), `10.388 (Growth Option) `10.469 March 29, 2019(Direct Growth Option)

21

Term Deposit as provided above is towards margin for derivatives transactionsEquity Derivative Exposuer is 33.07%

21.51 16.42 9.92 7.41 6.42 6.32 5.51 5.28 2.992.77

15.45

Debentures and Bonds Banks TREP & Term Deposits & Rev.Repo Finance Consumer Non Durables

Petroleum Products Software Pharmaceuticals Cement Auto REST

7

An open-ended hybrid scheme investing predominantly in equity and equity related instruments

KOTAK EQUITY HYBRID(Erstwhile Kotak Balance)

Note: Term Deposit as provided above is towards margin for derivatives transactionsEquity Derivative Exposuer is 0.03%

Equity & Equity related HDFC Bank Ltd. Banks 5.87ICICI Bank Ltd. Banks 5.36Infosys Ltd. Software 3.71Axis Bank Ltd Banks 3.33Reliance Industries Ltd. Petroleum Products 2.83State Bank Of India Banks 2.79HDFC Ltd. Finance 2.64ITC Ltd. Consumer Non Durables 2.57Kotak Mahindra Bank Ltd. Banks 2.57Larsen And Toubro Ltd. Construction Project 2.36Shree Cement Ltd. Cement 2.13Tata Consultancy Services Ltd. Software 2.02JK Cement Ltd. Cement 1.90Thermax Ltd. Industrial Capital Goods 1.73Bharat FinancialInclusion Limited Finance 1.60Dr Reddys Laboratories Ltd Pharmaceuticals 1.52Schaeffler India Ltd Industrial Products 1.52AU Small Finance Bank Ltd. Banks 1.41Mahindra & Mahindra Ltd. Auto 1.40The Ramco Cements Ltd Cement 1.38P I Industries Ltd Pesticides 1.37Sun PharmaceuticalsIndustries Ltd. Pharmaceuticals 1.35Bandhan Bank Limited Banks 1.33Solar Industries India Limited Chemicals 1.32Techno Electric &Engineering Company Limited Construction Project 1.32ICICI Lombard GeneralInsurance Company Ltd Finance 1.12Emami Ltd. Consumer Non Durables 1.04Bajaj Finserv Ltd. Finance 1.03GAIL (India) Ltd. Gas 1.00RBL Bank Ltd Banks 0.95V.S.T Tillers Tractors Ltd Auto 0.95APL Apollo Tubes Limited Ferrous Metals 0.93Maruti Suzuki India Limited Auto 0.91Bharat PetroleumCorporation Ltd. Petroleum Products 0.90Gujarat Gas Ltd Gas 0.89JMC Projects (India) Ltd Construction 0.80Galaxy Surfactants Ltd Chemicals 0.79Atul Ltd. Chemicals 0.78Dixon Technologies India Ltd Consumer Durables 0.78Vedanta Ltd. Non - Ferrous Metals 0.78Kajaria Ceramics Ltd. Construction 0.77Mahindra LifespaceDevelopers Ltd Construction 0.67Future Retail Ltd. Retailing 0.66Oil & Natural GasCorporation Ltd. Oil 0.65Finolex Cables Ltd. Industrial Products 0.62Motherson Sumi Systems Ltd. Auto Ancillaries 0.61MRF Limited Auto Ancillaries 0.54Lupin Ltd. Pharmaceuticals 0.50HDFC Standard LifeInsurance Company Ltd Finance 0.49SRF Ltd. Textile Products 0.45

Kirloskar Oil Engines Ltd. Industrial Products 0.37Tata Motors Ltd. Auto 0.32Future Supply ChainSolutions Ltd Transportation 0.28Exide Industries Ltd Auto Ancillaries 0.27Persistent Systems Limited Software 0.22Equity & EquityRelated - Total 78.40Options CNX NIFTY - 11500.000 -Put Option - April 2019 0.03Options - Total 0.03Debt Instruments Debentures and Bonds Corporate Debt/Financial Institutions Reliable Devices Trust(Underlying customerReliance Retail) ICRA AAA(SO) 1.38Mahindra & MahindraFinancial Services Ltd. FITCH IND AAA 1.16ECL Finance Ltd. CRISIL AA 0.95Indian HospitalsCorporation Ltd (AgainstPledge of ApolloHospital Shares) BRICKWORK BWR AA-(SO) 0.88Shriram TransportFinance Co Ltd. CRISIL AA+ 0.55LIC Housing Finance Ltd. CRISIL AAA 0.03Corporate Debt/Financial Institutions - Total 4.95Public Sector Undertakings United Bank Of India CRISIL A+ 4.54Power Finance Corporation Ltd. CRISIL AAA 2.53U P Power Corporation Ltd(Guaranteed By UPState Government) CRISIL A+(SO) 2.29Indian Railway FinanceCorporation Ltd. CRISIL AAA 1.27Punjab & Sind Bank ICRA A+ 0.75Public SectorUndertakings - Total 11.38Government Dated Securities 8.26% StateGovernment-Uttar Pradesh SOV 0.708.39% StateGovernment-West Bengal SOV 0.578.29% StateGovernment-Rajasthan SOV 0.05Government DatedSecurities - Total 1.32TERM DEPOSITS HDFC Bank Ltd. 0.28Term Deposits - Total 0.28Triparty Repo 2.28Net CurrentAssets/(Liabilities) 1.36Grand Total 100.00



22

Investment ObjectiveInvestment objective of the scheme is to achieve growth by investing in equity and equity related instruments, balanced with income generation by investing in debt and money market instruments. However, there is no assurance that the objective of the scheme will be realized.



Dividend FrequencyHalf Yearly (25th of Mar/Sep)

Ratios



Load StructureEntry Load: Nil. (applicable for all plans)Exit Load: a) For redemption/switch out of upto 10% of the initial investment amount (limit) purchased or switched in within 1 year from the date of allotment: Nil.b) If units redeemed or switched out are in excess of the limit within 1 year from the date of allotment: 1%.c) If units are redeemed or switched out on or alter 1 year from the date of allotment: Nil.



Riskometer

yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately


balanced with income generation by investing in debt & money.


Product Label

0.42

10.00%

$Sharpe##

$Standard Deviation

39.85%

1.04

Portfolio Turnover

$Beta

Fund Manager: Mr. Pankaj Tibrewal & Mr. Abhishek Bisen*

AAUM: `1,600.56 crs

AUM: `1,610.88 crs

Benchmark: NIFTY 50 Hybrid Composite Debt

70:30 Index $


Folio count: 44,390

PORTFOLIO


Scheme Inception : - November 25,1999. The returns are calculated by XIRR approach assuming investment of 10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and `final value and a series of cash inflows and outflows and taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception. # Benchmark ; ̂ Additional BenchmarkTRI � Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI).The debt component of the index is TRI since inception. For equity component of the index, as TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE 200, PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006Kotak Equity Hybrid (Erstwhile Kotak Balance) NAV as on March 29, 2019: ̀ 15.106 (Dividend Option), ̀ 16.923 (Direct Dividend Option), ̀ 24.586 (Growth Option) ̀ 26.538 (Direct Growth Option)*For Fund Manager experience, please refer page 60-61. ## Risk rate assumed to be 6.40% (FBIL Overnight MIBOR rate as on 29th March 2019). **Total Expense Ratio includes applicable B30 fee and GST.For last three dividends, please refer page no 62-64. For scheme performance, please refer page no 53-59. $ The existing benchmark "CRISIL Balanced Fund" has been renamed as "CRISIL Hybrid 35+65 - Aggressive Index" as per communication received from CRISIL

Investment style


Large

Mid

Small






Scheme Returns (%)

NIFTY 50 Hybrid Composite Debt 70:30 Index ( )# ` $

NIFTY 50 Hybrid Composite Debt 70:30 Index Returns (%) $





23,30,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000

1,04,03,528 20,09,940 11,86,675 7,29,613 3,93,717 1,24,157

13.68 9.97 9.73 7.78 5.94 6.59

NA 21,37,355 12,74,988 7,89,263 4,30,473 1,28,764

NA 11.13 11.74 10.94 12.03 14.05

1,16,32,281 22,60,101 13,40,055 8,13,604 4,43,921 1,29,549

14.63 12.18 13.14 12.17 14.18 15.34

23.61 16.33 6.88 5.95 5.413.73

3.683.61

3.583.37

23.85

Banks Debentures and Bonds Finance Software Cement Petroleum Products

Construction Project Consumer Non Durables Auto Pharmaceuticals REST

7

Investment ObjectiveThe investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and enhance returns with a moderate exposure in equity & equity related instruments. There is no assurance or guarantee that the investment objective of the scheme will be achieved.


Options: Dividend Payout, Dividend ........Reinvestment & Growth (applicable for all plans)

Dividend FrequencyMonthly (12th of every month) Quarterly (20th of March, June, September and December of every year)

Ratios


Minimum Investment AmountInitial Investment: `5000 and in multiple of `1 for purchase and for ̀ 0.01 for switchesAdditional Investment: `1000 & in .......multiples of `1 for purchase and for `0.01 for switchesIdeal Investments Horizon: 3 years & above

Load StructureEntry Load: Nil.Exit Load:a) For redemption / switch out of upto 10% of the initial investment amount (limit) purchased or switched in within 1 year from the date of allotment: Nil. b) If units redeemed or switched out are in excess of the limit within 1 year from the date of allotment: 1%.c) If units are redeemed or switched out on or after 1 year from the date of allotment: Nil.



0.66

3.45%

$Sharpe##

$Standard Deviation

1.07$Beta

Equity & Equity relatedNon-Hedged Reliance Industries Ltd. Petroleum Products 2.49 HDFC Bank Ltd. Banks 2.15 Bharat Financial Inclusion Limited Finance 1.95 Tata Consultancy Services Ltd. Software 1.86 Bajaj Finance Limited Finance 1.68 Hindustan Unilever Ltd. Consumer Non Durables 1.51 Infosys Ltd. Software 1.42 HDFC Ltd. Finance 1.25 ICICI Bank Ltd. Banks 1.12 Titan Company Ltd. Consumer Durables 1.04 Kotak Mahindra Bank Ltd. Banks 0.88 State Bank Of India Banks 0.87 Tech Mahindra Ltd. Software 0.79 Maruti Suzuki India Limited Auto 0.76 Asian Paints Ltd. Consumer Non Durables 0.74 Mahindra & Mahindra Ltd. Auto 0.71 Tata Steel Limited. Ferrous Metals 0.68 Axis Bank Ltd Banks 0.64 Odisha Cement Ltd Services 0.61 ACC Ltd. Cement 0.59 Bharti Airtel Ltd. Telecom - Services 0.59 Biocon Ltd. Pharmaceuticals 0.53 Britannia Industries Ltd. Consumer Non Durables 0.50 Larsen And Toubro Ltd. Construction Project 0.49 Motherson Sumi Systems Ltd. Auto Ancillaries 0.48 Reliance Mutual Fund CPSE ETF Mutual Fund 0.43 Dr Reddys Laboratories Ltd Pharmaceuticals 0.41 ITC Ltd. Consumer Non Durables 0.41 Varun Beverages Ltd Consumer Non Durables 0.39 Jindal Steel & Power Ltd. Ferrous Metals 0.36 GAIL (India) Ltd. Gas 0.33 Wipro Ltd. Software 0.33 Petronet LNG Ltd. Gas 0.32 Indraprastha Gas Ltd. Gas 0.31 Zee Entertainment Enterprises Ltd Media and Entertainment 0.31 Voltas Ltd. Consumer Durables 0.30 0.04Edelweiss Financial Services Ltd Finance 0.29 JSW Steel Ltd. Ferrous Metals 0.29 Shriram Transport Finance Co Ltd. Finance 0.29 Ircon International Ltd Construction Project 0.27 Jubilant Foodworks Limited Consumer Non Durables 0.23 Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 0.21 Chennai Super Kings Cricket Ltd. Media and Entertainment 0.17 Godfrey Phillips India Ltd. Consumer Non Durables 0.16 Solara Active Pharma Sciences Ltd. Pharmaceuticals 0.16 Eris Lifesciences Ltd Pharmaceuticals 0.15 The Ramco Cements Ltd Cement 0.14 Bajaj Finserv Ltd. Finance 0.13 Exide Industries Ltd Auto Ancillaries 0.13 Laurus Labs Ltd Pharmaceuticals 0.13 HCL Technologies Ltd. Software 0.11 Lupin Ltd. Pharmaceuticals 0.10 Sun TV Network Ltd. Media and Entertainment 0.10 AU Small Finance Bank Ltd. Banks 0.09 Prataap Snacks Ltd Consumer Non Durables 0.08 BEML Ltd Industrial Capital Goods 0.07 Strides Pharma Science Ltd Pharmaceuticals 0.07 CNX NIFTY-APR2019 -3.26IndusInd Bank Ltd. Banks -0.48Non-Hedged- Total 33.60 -3.70Hedged HDFC Ltd. Finance 3.18 -3.18Infosys Ltd. Software 2.13 -2.13Yes Bank Ltd Banks 1.98 -1.99Punjab National Bank Banks 1.97 -1.99Piramal Enterprises Limited-APR2019 Pharmaceuticals 1.94 -1.91Reliance Industries Ltd. Petroleum Products 1.93 -1.93GMR Infrastructure Ltd. Construction Project 1.90 -1.92Adani Power Ltd Power 1.69 -1.72Hindustan Unilever Ltd. Consumer Non Durables 1.58 -1.58Adani Enterprises Ltd Trading 1.09 -1.10Karnataka Bank Ltd Banks 1.04 -1.05The South Indian Bank Ltd. Banks 0.88 -0.89ITC Ltd. Consumer Non Durables 0.86 -0.86Aurobindo Pharma Ltd. Pharmaceuticals 0.84 -0.84Union Bank Of India Banks 0.84 -0.85

An open-ended scheme investing in equity, arbitrage and debt

KOTAK EQUITY SAVINGS FUND


PORTFOLIO

23

Investment style


Large

Mid

Small

Maturity


Low

Medium

High

Fund Manager: Mr. Deepak Gupta & Mr. Abhishek Bisen*

AAUM: `2,223.04 crs

AUM: `2,216.28 crs

Benchmark: 75% of Nifty 50 Arbitrage index and

25% in Nifty 50

Allotment date: October 13, 2014

Folio count: 18,935


Riskometer

yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Product Label

This product is suitable for investors who are seeking*:� Income from arbitrage opportunities in the equity

market & long term capital growth� Investment predominantly in arbitrage opportunities in

the cash & derivatives segment of the equity market and equity & equity related securities



*For Fund Manager experience, please refer page 60-61. ## Risk rate assumed to be 6.40% (FBIL Overnight MIBOR rate as on 29th March 2019). **Total Expense Ratio includes applicable B30 fee and GST.For last three dividends, please refer page no 62-64. For scheme performance, please refer page no 53-59.

7

NCC Limited Construction Project 0.81 -0.81Raymond Limited Textile Products 0.76 -0.76TV18 Broadcast Ltd Media and Entertainment 0.65 -0.66Sun TV Network Ltd. Media and Entertainment 0.56 -0.56Wockhardt Ltd. Pharmaceuticals 0.51 -0.51Maruti Suzuki India Limited Auto 0.49 -0.49Bank Of Baroda Banks 0.46 -0.46MindTree Ltd. Software 0.46 -0.47Cadila Healthcare Ltd. Pharmaceuticals 0.45 -0.45IDFC Limited Finance 0.44 -0.45Mahindra & Mahindra Financial Services Ltd. Finance 0.44 -0.44Suzlon Energy Ltd. Industrial Capital Goods 0.43 -0.44Adani Port and Special Economic Zone Limited Transportation 0.42 -0.42Tata Elxsi Ltd. Software 0.41 -0.42Canara Bank Banks 0.38 -0.38Bajaj Finance Limited Finance 0.37 -0.37Syndicate Bank Banks 0.37 -0.38Can Fin Homes Ltd. Finance 0.34 -0.34Indiabulls Housing Finance Ltd. Finance 0.33 -0.33Century Textiles & Industries Ltd. Cement 0.32 -0.32Asian Paints Ltd. Consumer Non Durables 0.31 -0.31Equitas Holdings Ltd Finance 0.31 -0.31Nestle India Ltd. Consumer Non Durables 0.29 -0.29Tata Chemicals Ltd. Chemicals 0.28 -0.28Tata Power Co. Ltd. Power 0.26 -0.27Reliance Infrastructure Ltd Power 0.24 -0.24State Bank Of India Banks 0.24 -0.24ACC Ltd. Cement 0.23 -0.23CG Power and Industrial Solutions Limited Industrial Capital Goods 0.23 -0.23Mahindra & Mahindra Ltd. Auto 0.23 -0.23Havells India Ltd. Consumer Durables 0.22 -0.22Shriram Transport Finance Co Ltd. Finance 0.22 -0.22Reliance Power Ltd Power 0.20 -0.20Steel Authority of India Ltd. Ferrous Metals 0.20 -0.20Bank of India Banks 0.18 -0.18Jain Irrigation Systems Ltd. Industrial Products 0.18 -0.19Siemens Ltd. Industrial Capital Goods 0.18 -0.18Tata Consultancy Services Ltd. Software 0.17 -0.17Tata Motors Ltd - DVR Auto 0.17 -0.17Marico Ltd. Consumer Non Durables 0.16 -0.16Vedanta Ltd. Non - Ferrous Metals 0.16 -0.16Divi s Laboratories Limited Pharmaceuticals 0.15 -0.15Hero MotoCorp Ltd. Auto 0.15 -0.15India Cements Ltd. Cement 0.15 -0.15Ashok Leyland Ltd. Auto 0.14 -0.14Cholamandalam Investment and Finance Company Ltd Finance 0.12 -0.13Godrej Consumer Products Ltd. Consumer Non Durables 0.12 -0.12IFCI Ltd. Finance 0.12 -0.12BEML Ltd Industrial Capital Goods 0.11 -0.11Gujarat State Fertilizers & Chemicals Ltd. Fertilisers 0.11 -0.12CESC Ltd. Power 0.10 -0.10Colgate Palmolive (India ) Ltd. Consumer Non Durables 0.10 -0.10DLF Limited Construction 0.10 -0.10Grasim Industries Ltd. Cement 0.10 -0.10Page Industries Ltd Textile Products 0.10 -0.10Petronet LNG Ltd. Gas 0.10 -0.10Container Corporation of India Ltd. Transportation 0.09 -0.09Jubilant Foodworks Limited Consumer Non Durables 0.09 -0.09Kajaria Ceramics Ltd. Construction 0.09 -0.09NIIT Technologies Ltd Software 0.09 -0.09Apollo Hospitals Enterprises Ltd. Healthcare Services 0.08 -0.08Bajaj Finserv Ltd. Finance 0.08 -0.08Cummins India Ltd. Industrial Products 0.08 -0.08Dabur India Ltd Consumer Non Durables 0.08 -0.08Britannia Industries Ltd. Consumer Non Durables 0.07 -0.07Dr Reddys Laboratories Ltd Pharmaceuticals 0.07 -0.07Manappuram Finance Ltd Finance 0.07 -0.07Strides Pharma Science Ltd Pharmaceuticals 0.07 -0.07Amara Raja Batteries Ltd. Auto Ancillaries 0.06 -0.06Federal Bank Ltd. Banks 0.06 -0.06Hexaware Technologies Ltd. Software 0.05 -0.05Jindal Steel & Power Ltd. Ferrous Metals 0.05 -0.05MRF Limited Auto Ancillaries 0.05 -0.05Tech Mahindra Ltd. Software 0.05 -0.05United Spirits Ltd. Consumer Non Durables 0.05 -0.05Engineers India Ltd. Construction Project 0.04 -0.04Exide Industries Ltd Auto Ancillaries 0.04 -0.04NBCC (India) Ltd Construction 0.04 -0.04




PORTFOLIO

24




Scheme Returns (%)

75% NIFTY 50 ARBITRAGE + 25% Nifty 50 ( )#`

75% NIFTY 50 ARBITRAGE + 25% Nifty 50 Returns (%)



Note: # Term Deposit as provided above is towards margin for derivatives transactionsEquity Derivative Exposuer is 45.51%

Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.04 -0.04Glenmark Pharmaceuticals Ltd Pharmaceuticals 0.03 -0.03HCL Technologies Ltd. Software 0.03 -0.03IndusInd Bank Ltd. Banks 0.03 -0.03JSW Steel Ltd. Ferrous Metals 0.03 -0.03Lupin Ltd. Pharmaceuticals 0.03 -0.03NMDC Ltd. Minerals/Mining 0.03 -0.03Bharat Forge Ltd. Industrial Products 0.02 -0.02IRB Infrastructure Developers Ltd Construction 0.02 -0.02LIC Housing Finance Ltd. Finance 0.02 -0.02Pidilite Industries Ltd. Chemicals 0.02 -0.02Tata Communications Ltd Telecom - Services 0.02 -0.03Tata Steel Limited. Ferrous Metals 0.02 -0.02United Breweries Ltd. Consumer Non Durables 0.02 -0.02Wipro Ltd. Software 0.02 -0.02Zee Entertainment Enterprises Ltd Media and Entertainment 0.02 -0.02Ambuja Cements Ltd Cement 0.01 -0.01Bharti Infratel Ltd. Telecom - Equipment & Accessories 0.01 -0.01Bosch Limited Auto Ancillaries 0.01 -0.01Godfrey Phillips India Ltd. Consumer Non Durables 0.01 -0.01Indraprastha Gas Ltd. Gas 0.01 -0.01Mahanagar Gas Ltd Gas 0.01 -0.01Mangalore Refinery And Petrochemicals Ltd. Petroleum Products 0.01 -0.01The Ramco Cements Ltd Cement 0.01 -0.01Hedged - Total 41.61 -41.81Equity & Equity Related - Total 75.21 -45.51Mutual Fund Units Kotak Mahindra Liquid Scheme Direct Plan Growth 1.58 Mutual Fund Units - Total 1.58 Debt Instruments Debentures and Bonds Corporate Debt/Financial Institutions Kotak Mahindra Prime Ltd. CRISIL AAA 4.50 Mahindra & Mahindra Financial Services Ltd. FITCH IND AAA 2.26 AXIS Bank Ltd. CRISIL AA+ 2.20 Corporate Debt/Financial Institutions - Total 8.96 TERM DEPOSITS HDFC Bank Ltd. 10.28 IDFC Bank Limited 1.62 Term Deposits - Total 11.90 Triparty Repo 1.96 Net Current Assets/(Liabilities) 0.39 Grand Total 100.00




PORTFOLIO




Scheme Inception : - October 13, 2014. The returns are calculated by XIRR approach assuming investment of 10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and `final value and a series of cash inflows and outflows and taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception. # Benchmark ; ̂ Additional BenchmarkTRI � Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI).Kotak Equity Savings Fund NAV as on March 29, 2019: ̀ 14.1961 (Growth Option), ̀ 11.3765 (Monthly Dividend Option), ̀ 11.1193 (Quarterly Dividend Option), ̀ 14.6333 (Direct Growth Option), ̀ 11.6607 (Direct Monthly Dividend Option), ̀ 11.2266 (Direct Quarterly Dividend Option)

25

Since Inception 3 years 1 year

5,40,000 3,60,000 1,20,000

6,44,692 4,04,580 1,24,559

7.85 7.78 7.24

6,35,950 4,02,588 1,25,353

7.24 7.44 8.52

7,12,375 4,43,921 1,29,549

12.35 14.18 15.34

14.18 13.86 11.63 8.96 7.92 7.76 5.89 4.433.81

2.65 18.91

Banks TREP & Term Deposits & Rev.Repo Finance Debentures and Bonds Software

Consumer Non Durables Pharmaceuticals Petroleum Products Construction Project Auto REST

Fund Manager: Mr. Devender Singhal & Mr. Abhishek Bisen*

AAUM: `269.56 crs

AUM: `269.74 crsBenchmark: CRISIL Hybrid 85+15 - Conservative Index $


Folio count: 5,420

Investment ObjectiveThe investment objective of the scheme is to enhance returns over a portfolio of debt instruments with a moderate exposure in equity and equity related instruments. By investing in debt securities, the scheme will aim at generating regular returns, while enhancement of return is intended through investing in equity and equity related securities. The scheme may also use various derivative and hedging products from time to time, in the manner permitted by SEBI. There is no assurance that the investment objective of the schemes will be realised.


Options: Dividend Payout, Dividend ............Reinvestment & Growth (applicable for all plans)

Dividend FrequencyMonthly (12th of every Month) Quarterly (20th of Mar/Jun/Sep/Dec)

Ratios

$Source: ICRAMFI Explorer.

Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns.

Minimum Investment AmountInitial Investment: (i) Dividend Re-investment & Growth and Dividend Payout (Quarterly) - `5000 & above (ii) Dividend Payout (Monthly) - `50,000 & above Additional Investment: ̀ 1000 & in multiples of ̀ 1Ideal Investments Horizon - 1 year & above

Load StructureEntry Load: Nil. (applicable for all plans)Exit Load: a) For redemption / switch out of upto 10% of the initial investment amount (limit) purchased or switched in within 1 year from the date of allotment: Nil. b) If units redeemed or switched out are in excess of the limit within 1 year from the date of allotment: 1%.c) If units are redeemed or switched out on or after 1 year from the date of allotment: Nil.


This product is suitable for investors who are seeking*:� Income & capital growth over a long term horizon� Investment in a portfolio of debt instruments with a

moderate exposure in equity & equity related instruments

* Investors should consult their financial advisors if in doubtabout whether the product is suitable for them.

Riskometer

Investors understand that their principal will be at moderate risk

$Standard Deviation

Modified Duration

Portfolio Yield

6.20%

1.56 yrs

8.27%

Equity & Equity relatedITC Ltd. Consumer Non Durables 2.25ICICI Bank Ltd. Banks 2.20State Bank Of India Banks 1.33HDFC Bank Ltd. Banks 1.29HDFC Ltd. Finance 1.28Axis Bank Ltd Banks 1.09Godfrey Phillips India Ltd. Consumer Non Durables 0.95Bata India Ltd. Consumer Durables 0.89CESC Ltd. Power 0.81City Union Bank Ltd. Banks 0.76Titan Company Ltd. Consumer Durables 0.76Tata Motors Ltd. Auto 0.72BEML Ltd Industrial Capital Goods 0.68Infosys Ltd. Software 0.67Mahindra & Mahindra Ltd. Auto 0.67Emami Ltd. Consumer Non Durables 0.64Solara ActivePharma Sciences Ltd. Pharmaceuticals 0.64Jubilant Foodworks Limited Consumer Non Durables 0.60Colgate Palmolive (India) Ltd. Consumer Non Durables 0.56Saregama India Ltd. Media and Entertainment 0.55Prataap Snacks Ltd Consumer Non Durables 0.51Parag Milk Foods Ltd Consumer Non Durables 0.48JMC Projects (India) Ltd Construction 0.47Tech Mahindra Ltd. Software 0.46Kotak Mahindra Bank Ltd. Banks 0.45Hero MotoCorp Ltd. Auto 0.44The Ramco Cements Ltd Cement 0.43GMR Infrastructure Ltd. Construction Project 0.34CESC Ventures Ltd. Software 0.32Heritage Foods Ltd Consumer Non Durables 0.32Huhtamaki PPL Ltd Industrial Products 0.30Odisha Cement Ltd Services 0.26Apollo Tyres Ltd. Auto Ancillaries 0.25Apollo Micro Systems Ltd Industrial Capital Goods 0.20Spencers Retail Ltd. Retailing 0.07Equity & EquityRelated - Total 24.64Debt Instruments Debentures and Bonds Corporate Debt/Financial Institutions Reliable Devices Trust(Underlying customerReliance Retail) ICRA AAA(SO) 5.80HDFC Ltd. CRISIL AAA 1.91NHPC Ltd. FITCH IND AAA 1.90Indian HospitalsCorporation Ltd (AgainstPledge of ApolloHospital Shares) BRICKWORK BWR AA-(SO) 1.76Shriram TransportFinance Co Ltd. CRISIL AA+ 1.42Hindalco Industries Ltd. CRISIL AA 0.27

Mahindra & MahindraFinancial Services Ltd. FITCH IND AAA 0.03Corporate Debt/FinancialInstitutions - Total 13.09Public SectorUndertakings Power FinanceCorporation Ltd. CRISIL AAA 5.67Punjab & Sind Bank ICRA A+ 5.58United Bank Of India CRISIL A+ 5.28National Bank forAgriculture &Rural Development CRISIL AAA 3.75U P Power Corporation Ltd(Guaranteed By UPState Government) FITCH IND AA(SO) 2.19Power Grid Corporation ofIndia Ltd. CRISIL AAA 1.88U P Power Corporation Ltd( Guaranteed By UPState Government ) CRISIL A+(SO) 1.12Vijaya Bank ICRA AA- 0.75Public SectorUndertakings - Total 26.22GovernmentDated Securities 8.27% StateGovernment-Rajasthan SOV 1.898.42% StateGovernment-Tamil Nadu SOV 1.347.32% Central Government SOV 0.608.39% StateGovernment-West Bengal SOV 0.38Government DatedSecurities - Total 4.21Money MarketInstruments Commercial Paper(CP)/Certificate ofDeposits(CD) Public SectorUndertakings Power FinanceCorporation Ltd. CRISIL A1+ 3.68Public SectorUndertakings - Total 3.68Reverse Repo 7.57TERM DEPOSITS HDFC Bank Ltd. 0.32Term Deposits - Total 0.32Triparty Repo 16.05Net CurrentAssets/(Liabilities) 4.22Grand Total 100.00

yletaredo

M

Moderate

Low

Low

High

LOW HIGH

ModeratelyH

igh

An open-ended hybrid scheme investing predominantly in debt instruments

KOTAK DEBT HYBRID(Erstwhile Kotak MIP)

26



PORTFOLIO

Term Deposit as provided above is towards margin for derivatives transactionsAverage Maturity of the portfolio based on total maturity of fixed rate and immediate reset date of floating rate instruments 2.43 years.Kotak Debt Hybrid (Formerly Known As Kotak MIP) NAV as on March 29, 2019: `30.8848 (Growth Option), `32.952 (Direct Growth Option), ̀ 11.8627 (Monthly Dividend), ̀ 12.3487 (Direct Monthly Dividend), ̀ 13.227 (Quarterly Dividend), ̀ 13.883 (Direct Quarterly Dividend)

RATING PROFILE (%)

Investment styleShort Medium Long Volatility

Low

Med

High

*For Fund Manager experience, please refer page 60-61. ## Risk rate assumed to be 6.40% (FBIL Overnight MIBOR rate as on 29th March 2019). **Total Expense Ratio includes applicable B30 fee and GST. For last three dividends, please refer page no 62-64. For scheme performance, please refer page no 53-59.$ With Effect from 25th May 2018, the Benchmark is changed to Crisil Hybrid 85+15- Conservative Index TRI.

Product Label


ALLOCATION (%)

39.31 24.64 23.94 4.22 4.21

Debentures and Bonds Equities TREP & Term Deposits & Rev.Repo Net Current Assets

Government Dated Securities Commercial Paper (CP)/Certificate of Deposits (CD)

3.68

28.83 24.64 23.94 11.98 6.39 4.22

A1+, AAA, AAA(SO), IND AAA, SOV Equities TREP & Term Deposits & Rev.Repo A+, A+(SO)

AA+, AA, IND AA(SO), AA-, BWR AA-(SO) Net Current Assets

Investment ObjectiveThe investment objective of the Scheme is to provide reasonable returns and high level of liquidity by investing in debt instruments such as bonds, debentures & Government Securities; and money market instruments such as treasury bills, commercial paper, certificate of deposit, including repos in permitted securities of different maturities, so as to spread the risk across different kinds of issuers in the debt markets. The Scheme may invest in call money/term money market in terms of RBI guidelines in this respect. Subject to the maximum amount permitted from time to time, the Scheme may invest in offshore securities in the manner allowed by SEBI / RBI, provided such investments are in conformity with the investment objective of the Scheme and the prevailing guidelines and Regulations. To reduce the risk of the portfolio, the Scheme may also use various derivative and hedging products from time to time, in the manner permitted by SEBI. There is no assurance that the investment objective of the Schemes will be realised.


Options: Dividend Payout,Dividend Reinvestment & Growth(applicable for all plans)

Dividend FrequencyDaily, Weekly (Every Monday) (applicable for all plans)

Ratios

$Source: ICRAMFI Explorer. Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns.

Minimum Investment AmountInitial Investment: `5000 and in multiple of `1 for purchase and for ̀ 0.01 for switchesAdditional Investment: ̀ 1000 & in multiples of ̀ 1Ideal Investment Horizon: 1 - 15 days



This product is suitable for investors who are seeking*:� Income over a short term investment horizon� Investment in debt & money market securities* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Product Label

Investors understand that their principal will be at low risk

Riskometer

yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Debt Instruments

Debentures and Bonds

Corporate Debt/

Financial Institutions

Reliance Jio Infocomm Ltd. CRISIL AAA 1.55

Corporate Debt/

Financial

Institutions - Total 1.55

Money Market

Instruments

Commercial Paper(CP)/

Certificate of

Deposits(CD)

Corporate Debt/


Bajaj Finance Ltd. CRISIL A1+ 9.77

AXIS Bank Ltd. CRISIL A1+ 7.49

Reliance Industries Ltd. CRISIL A1+ 6.87

Tata Capital Financial

Services Limited CRISIL A1+ 4.31

Muthoot Finance Ltd. CRISIL A1+ 4.26

Aditya Birla Finance Ltd. ICRA A1+ 3.96

Reliance Retail Limited CRISIL A1+ 3.96

HDFC Ltd. CRISIL A1+ 3.57

IDFC Bank Limited CRISIL A1+ 3.12

Tata Capital

Housing Finance Ltd. CRISIL A1+ 2.37

LIC Housing Finance Ltd. CRISIL A1+ 1.79

Hero FinCorp Ltd. CRISIL A1+ 1.39

Nabha Power Ltd.

(Backed by Letter of

Comfort from L&T ) CRISIL A1+ 1.28

Tata Motors Finance

Solutions Ltd. ICRA A1+ 1.20

Tata Motors Finance Ltd. ICRA A1+ 0.80

Aditya Birla Finance Ltd. CRISIL A1+ 0.79

AU Small Finance Bank Ltd. FITCH IND A1+ 0.40

TGS Investment &

Trade Private Ltd. (Holding

Company for

Aditya Birla Group) ICRA A1+ 0.40

Trapti Trading & Investments

Private Limited (Holding

Company for

Aditya Birla Group) ICRA A1+ 0.40

Piramal Capital &

Housing Finance Ltd. CRISIL A1+ 0.38

Corporate Debt/

Financial


Public Sector

Undertakings

Power Finance

Corporation Ltd. CRISIL A1+ 10.00

National Bank for

Agriculture & Rural

Development ICRA A1+ 8.33

National Thermal

Power Corporation Ltd. CRISIL A1+ 5.77

Indian Oil Corporation Ltd. ICRA A1+ 5.11

Rural Electrification

Corporation Ltd. ICRA A1+ 4.18

Punjab National Bank CARE A1+ 4.08

Indian Railway

Finance Corporation Ltd. CRISIL A1+ 1.92

Small Industries

Development

Bank Of India CRISIL A1+ 1.59

Oil And Natural

Gas Corporation Ltd. ICRA A1+ 0.60

Small Industries Development

Bank Of India CARE A1+ 0.60

Indian Bank CRISIL A1+ 0.30

Canara Bank CRISIL A1+ 0.07

Public Sector

Undertakings - Total 42.55

Reverse Repo 0.31

Treasury Bills

91 Days Treasury

Bill 23/05/2019 SOV 3.04

91 Days Treasury

Bill 06/06/2019 SOV 1.98

182 Days Treasury

Bill 06/06/2019 SOV 1.37

182 Days Treasury

Bill 23/05/2019 SOV 0.79

Treasury Bills - Total 7.18

Triparty Repo 0.01

Net Current


Grand Total 100.00

$Standard Deviation

Modified Duration

Portfolio Yield

0.15%

0.13yrs

7.21%

Fund Manager: Mr. Deepak Agrawal*

AAUM: `33,254.81 crs

AUM: `24,878.42 crs

Benchmark: Nifty Liquid Index $


Folio count: 30,405

KOTAK MAHINDRA LIQUID SCHEMEMaturityShort Medium Long Volatility

Low

Med

High



PORTFOLIO

ALLOCATION (%)

RATING PROFILE (%)

Aggregate value of investments by other schemes of Kotak Mahindra Mutual Fund as on 31 December 2018 is Rs. 3502.8960 LacsAverage Maturity of the portfolio based on total maturity of fixed rate and immediate reset date of floating rate instruments : 0.13 years. Kotak Liquid Fund NAV as on March 29, 2019: ̀ 3771.2447 (Growth Option), ̀ 3782.8629 (Direct Growth Option), ̀ 1001.094 (Weekly Dividend), ̀ 1006.2008 (Direct Weekly Dividend), ̀ 1222.81 (Daily Dividend), ̀ 1222.81 (Direct Daily Dividend)$ With Effect from 1st June 2018, the Benchmark is changed to Nifty Liquid Index from Nifty Liquid Fund Index. The above performance is benchmarked to Nifty Liquid fund index*For Fund Manager experience, please refer page 60-61. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 53-59.

An open-ended liquid scheme


27

101.06 7.181.55

0.32-10.11

Commercial Paper (CP)/Certificate of Deposits (CD) Treasury Bills Debentures and Bonds

TREP & Term Deposits & Rev.Repo Net Current Assets

109.79 0.32-10.11

A1+, AAA, IND A1+, SOV TREP & Term Deposits & Rev.Repo Net Current Assets

Investment ObjectiveThe investment objective of the Scheme is to provide reasonable returns and .............reasonably high levels of liquidity by investing in debt instruments such as bonds, debentures and Government securities; and money market instruments such as treasury bills, commercial papers, certificates of deposit, including repos in permitted securities of different maturities, so as to spread the risk across different kinds of issuers in the debt markets. There is no assurance that the investment objective of the Scheme will be realised.



Dividend Frequency

Monthly (12th of every Month), Half Yearly (20th of Mar/Sept) and normal (as decided by Trustees)

Ratios


Minimum Investment AmountInitial Investment: (i) Dividend Re-investment & Growth - `5000 & above (ii) Dividend Payout (Monthly Dividend) - `50,000 & aboveAdditional Investment: ̀ 1000 & in multiples of ̀ 1Ideal Investments Horizon: 6 months & aboveLoad StructureEntry Load: Nil. (applicable for all plans)Exit Load: Nil.


This product is suitable for investors who are seeking*:� Income over a medium term investment horizon� Investment in debt & money market securities with

portfolio Macaulay duration between 1 year & 3 years* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Debt Instruments Debentures and Bonds Corporate Debt/Financial Institutions Mahindra & MahindraFinancial Services Ltd. FITCH IND AAA 9.23HDFC Ltd. CRISIL AAA 7.52Reliance Jio Infocomm Ltd. CRISIL AAA 4.85Reliable Devices Trust(Underlying customerReliance Retail ) ICRA AAA(SO) 4.73Indiabulls Housing Finance Ltd. CARE AAA 3.67Nabha Power Ltd. (backed byunconditional and irrevocableguarantee by Larsen &Toubro Ltd ) ICRA AAA(SO) 3.22JAMNAGAR UTILITIES &POWER PRIVATE LIMITED( Mukesh Ambani Group ) CRISIL AAA 3.18Rent A DeviceTrust (Underlyingcustomer Reliance Retail ) ICRA AAA(SO) 3.05Bajaj Finance Ltd. CRISIL AAA 2.42Aditya Birla Finance Ltd. CRISIL AAA 2.33Tata Sons Private Ltd. CRISIL AAA 1.85HDB Financial Services Ltd. CRISIL AAA 1.57Reliance Industries Ltd. CRISIL AAA 1.56Reliance Jio Infocomm Ltd.(Irrevocably and unconditionallyguaranteed byReliance Industries ) CRISIL AAA(SO) 1.18Fullerton India Credit Co. Ltd. CARE AAA 1.17Fullerton India Credit Co. Ltd. CRISIL AAA 1.17Tata Capital FinancialServices Limited ICRA AAA 1.17L & T InfrastructureFinance Company Ltd. CARE AAA 1.16Bhopal Dhule TransmissionCompany Ltd. ( Operationalpower transmission project ) CRISIL AAA 1.14LIC Housing Finance Ltd. CRISIL AAA 0.57Tata Capital FinancialServices Limited CRISIL AAA 0.41IOT Utkal Energy Services Ltd. CRISIL AAA(SO) 0.35Sikka Ports & Terminals Ltd.( Mukesh Ambani Group ) CRISIL AAA 0.35Gruh Finance Ltd. CRISIL AAA 0.34JAMNAGAR UTILITIES &POWER PRIVATE LIMITED( Mukesh Ambani Group) CRISIL AAA 0.28Bajaj Finance Ltd. FITCH IND AAA 0.18LIC Housing Finance Ltd. CARE AAA 0.06Kotak Mahindra Prime Ltd. CRISIL AAA 0.04Corporate Debt/FinancialInstitutions - Total 58.75Public Sector Undertakings Rural ElectrificationCorporation Ltd. CRISIL AAA 8.43National Bank forAgriculture &Rural Development CRISIL AAA 4.53Power FinanceCorporation Ltd. CRISIL AAA 4.25Small Industries DevelopmentBank Of India CARE AAA 2.90

Indian RailwayFinance Corporation Ltd. CRISIL AAA 1.78State Bank Of India. CRISIL AAA 1.46Bank Of Baroda FITCH IND AAA 1.18PNB Housing Finance Ltd. FITCH IND AA+ 1.04Rural ElectrificationCorporation Ltd. FITCH IND AAA 0.51Power Grid Corporation ofIndia Ltd. CRISIL AAA 0.12ONGC ManglorePetrochemicals Ltd. FITCH IND AAA 0.04Public SectorUndertakings - Total 26.24GovernmentDated Securities 7.93% StateGovernment-Chattisgarh SOV 1.187.26% Central Government SOV 1.169.36% StateGovernment-West Bengal SOV 1.028.45% StateGovernment-Punjab SOV 0.668.26% StateGovernment-Uttar Pradesh SOV 0.607.69% StateGovernment-Assam SOV 0.538.45% StateGovernment-Jammu & Kashmir SOV 0.368.50% StateGovernment-Jammu & Kashmir SOV 0.368.66% StateGovernment-Tamil Nadu SOV 0.278.27% StateGovernment-Rajasthan SOV 0.248.69% StateGovernment-Kerala SOV 0.188.21% StateGovernment-Rajasthan SOV 0.151.44% Central Government SOV 0.138.45%State Government-Bihar SOV 0.12Government DatedSecurities - Total 6.96Money Market Instruments Commercial Paper(CP)/Certificate of Deposits(CD) Corporate Debt/Financial Institutions L & T InfrastructureFinance Company Ltd. ICRA A1+ 3.30IndusInd Bank Ltd. CRISIL A1+ 0.33AXIS Bank Ltd. CRISIL A1+ 0.29Corporate Debt/Financial Institutions - Total 3.92Public Sector Undertakings National Bank forAgriculture & RuralDevelopment CRISIL A1+ 0.83Public SectorUndertakings - Total 0.83Triparty Repo 0.29Net CurrentAssets/(Liabilities) 3.01Grand Total 100.00

$Standard Deviation

Modified Duration

Portfolio Yield

1.49%

1.98 yrs

8.25%

yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately


MaturityShort Medium Long Volatility

Low

Med

HighAn open-ended short term debt scheme investing in instruments such that themacaulay duration of the portfolio is between 1 year and 3 years

KOTAK BOND SHORT TERM PLAN

Product LabelRiskometer


AAUM: `8,143.98 crs

AUM: `8,561.73 crs

Benchmark: NIFTY Short Duration Debt Index $


Folio count: 3,600



PORTFOLIO

ALLOCATION (%)

RATING PROFILE (%)

Average Maturity of the portfolio based on total maturity of fixed rate and immediate reset date of floating rate instruments : 2.44 years.Kotak Bond Short Term Plan NAV as on March 29, 2019: ̀ 34.8242 (Growth Option), ̀ 36.459 (Direct Growth Option), ̀ 10.1546 (Monthly Dividend), ̀ 11.5431 (Direct Monthly Dividend), ̀ 12.6892 (Half Yearly Dividend), `12.9249(Direct Half Yearly Dividend), ̀ 10.8262(Direct Normal Dividend)$ With Effect from 1st June 2018, the Benchmark is changed to Nifty Short Duration Index from Crisil Short Term Bond Fund Index. The above performance is benchmarked to NIFTY Short Duration Debt Index.*For Fund Manager experience, please refer page 60-61. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 53-59. For last three dividends, please refer page no 62-64.


28

84.99 6.96 4.75 3.01 0.29

Debentures and Bonds Government Dated Securities Commercial Paper (CP)/Certificate of Deposits (CD)

Net Current Assets TREP & Term Deposits & Rev.Repo

95.66 3.01 1.04 0.29

A1+, AAA, AAA(SO), IND AAA, SOV Net Current Assets IND AA+ TREP & Term Deposits & Rev.Repo

Investment ObjectiveThe investment objective of the Scheme is to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.


A) Regular Plan B) Direct Plan


Dividend FrequencyDaily, Monthly (12th of every Month) and Weekly (Every Monday)

Ratios


Minimum Investment AmountInitial Investment: (i) Dividend Re-investment & Growth- `5000 & above (ii) Dividend Payout (Weekly) - ̀ 1,00,00,000 & aboveAdditional Investment: ̀ 1000 & in multiples of ̀ 1Ideal Investment Horizon: 1-3 months

Load StructureEntry Load: Nil. (applicable for all plans)Exit Load: Nil (applicable for all plans)


This product is suitable for investors who are seeking*:� Income over a short term investment horizon� Investment in debt & money market securities with

portfolio Macaulay duration between 3 months & 6 months


Debt Instruments Debentures and Bonds Corporate Debt/Financial Institutions Nabha Power Ltd.(backed by unconditionaland irrevocable guaranteeby Larsen & Toubro Ltd ) (^) ICRA AAA(SO) 8.48LIC Housing Finance Ltd. CRISIL AAA 2.90Bahadur Chand InvestmentsPrivate Limited(^) ICRA AA 2.62L & T Finance Ltd. ICRA AAA 2.62Shriram TransportFinance Co Ltd. FITCH IND AA+ 2.61Reliable Devices Trust( Underlying customerReliance Retail ) ICRA AAA(SO) 2.43L & T InfrastructureFinance Company Ltd.(^) FITCH IND AAA 1.74HDFC Ltd. CRISIL AAA 1.51HPCL Mittal Energy Ltd. ICRA AA+ 1.37Tata Capital HousingFinance Ltd. ICRA AAA 1.13L & T Finance Ltd. FITCH IND AAA 1.09Piramal Enterprises Ltd. ICRA AA 1.09Mahindra & MahindraFinancial Services Ltd. FITCH IND AAA 0.87Muthoot Finance Ltd. CRISIL AA 0.50Tata Capital FinancialServices Limited ICRA AAA 0.44Kotak Mahindra Prime Ltd. CRISIL AAA 0.43Reliance Jio Infocomm Ltd. CRISIL AAA 0.39Rent A Device Trust( Underlying customerReliance Retail ) ICRA AAA(SO) 0.23Aditya Birla Finance Ltd. ICRA AAA 0.22Corporate Debt/Financial Institutions - Total 32.67Public Sector Undertakings ONGC ManglorePetrochemicals Ltd. FITCH IND AAA 3.71Power FinanceCorporation Ltd.(^) CRISIL AAA 3.35Bank Of Baroda CARE AA 1.04Rural ElectrificationCorporation Ltd. CRISIL AAA 0.89PNB Housing Finance Ltd. FITCH IND AA+ 0.70U P Power Corporation Ltd(Guaranteed By UPState Government) FITCH IND AA(SO) 0.70Small IndustriesDevelopment Bank Of India CARE AAA 0.26Union Bank of India CRISIL AA+ 0.22National Bank forAgriculture & RuralDevelopment CRISIL AAA 0.20Export-ImportBank of India CRISIL AAA 0.03

Public SectorUndertakings - Total 11.10Money Market Instruments Commercial Paper(CP)/Certificate of Deposits(CD) Corporate Debt/Financial Institutions AXIS Bank Ltd. CRISIL A1+ 5.53HDFC Ltd. CRISIL A1+ 5.48Reliance Industries Ltd. CRISIL A1+ 4.28L & T Finance Ltd. ICRA A1+ 3.42IndusInd Bank Ltd. CRISIL A1+ 3.26IDFC Bank Limited CRISIL A1+ 2.95Piramal Enterprises Ltd. ICRA A1+ 2.58Piramal Capital &Housing Finance Ltd. ICRA A1+ 1.72Suraksha AssetReconstruction Pvt. Ltd.( Secured by Equityshares of SunPharmaceuticalsIndustries Ltd ) CARE A1+(SO) 0.86Indostar CapitalFinance Limited CRISIL A1+ 0.73LIC Housing Finance Ltd. CRISIL A1+ 0.64Suraksha Realty Ltd.( Secured by Equityshares of SunPharmaceuticalsIndustries Ltd ) CARE A1+(SO) 0.47Tata Motors Finance Ltd. ICRA A1+ 0.39Corporate Debt/FinancialInstitutions - Total 32.31Public SectorUndertakings Oriental Bank of Commerce CRISIL A1+ 5.62Bank Of Baroda CRISIL A1+ 4.43Rural ElectrificationCorporation Ltd. CRISIL A1+ 3.73Punjab National Bank CARE A1+ 3.58Andhra Bank CRISIL A1+ 2.04National Bank forAgriculture & RuralDevelopment CRISIL A1+ 0.85National ThermalPower Corporation Ltd. CRISIL A1+ 0.30Rural ElectrificationCorporation Ltd. ICRA A1+ 0.22Small IndustriesDevelopment Bank Of India CARE A1+ 0.02Public SectorUndertakings - Total 20.79Reverse Repo 0.81Triparty Repo 0.58Net CurrentAssets/(Liabilities) 1.74Grand Total 100.00

$Standard Deviation

Modified Duration

Portfolio Yield

0.48%

0.44 yrs

7.87%

29

KOTAK SAVINGS FUND(Erstwhile Kotak Treasury Advantage Fund)


Low

Med

HighAn open-ended ultra-short term debt scheme investing in instruments such that themacaulay duration of the portfolio is between 3 months and 6 months


AAUM: `9,189.68 crs

AUM: `11,491.84 crs

Benchmark: NIFTY Ultra Short Duration Debt Index $


Folio count: 15,580

Investors understand that their principal will be at low Moderately low risk

yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately




PORTFOLIO

ALLOCATION (%)

RATING PROFILE (%)

^ Fully or Partly blocked against Interest Rate Swap (IRS).Hedging Position through Interest Rate Swaps as on 31 Mar 2019 is 12.18% of the net assets.Average Maturity of the portfolio based on total maturity of fixed rate and immediate reset date of floating rate instruments : 0.46 years.Kotak Savings Fund (Erstwhile Kotak Treasury Advantage Fund) NAV as on March 29, 2019: `10.0798 (Daily Dividend Option), `10.1537 (Daily Dividend - Direct), `29.9597 (Growth Option), `10.4495 (Monthly Dividend Option), ̀ 10.2163 (Weekly Dividend Option), ̀ 13.8124 (Monthly Dividend - Direct), ̀ 10.1803 (Weekly Dividend - Direct), ̀ 30.5398 (Growth - Direct Option)$ With Effect from 1st June 2018, the Benchmark is changed to Nifty Ultra-short term Index from Crisil Liquid Fund. The above performance is benchmarked to NIFTY Ultra Short Duration Debt Index*For Fund Manager experience, please refer page 60-61. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 53-59. For last three dividends, please refer page no 62-64.

Data as on March 31, 201953.1 43.77

1.741.39

Commercial Paper (CP)/Certificate of Deposits (CD) Debentures and Bonds Net Current Assets

TREP & Term Deposits & Rev.Repo

86.02 10.85 1.74 1.39

A1+, A1+(SO), AAA, AAA(SO), IND AAA AA+, IND AA+, AA, IND AA(SO) Net Current Assets


98.2 1.4 0.4

A1+, A1+(SO), IND A1+ TREP & Term Deposits & Rev.Repo Net Current Assets

Investment ObjectiveThe investment objective of the Scheme is to generate returns by investing in money market instruments having maturity upto 1 year. There is no assurance that the investment objective of the Scheme will be realised.

Available Plans/OptionsA) Regular Plan B) Direct PlanOptions: Dividend Payout (w.e.f May 15, 2017, Under Monthly Dividned option only), Dividend Reinvestment & Growth (applicable for all plans

Dividend FrequencyDaily, Weekly (Every Monday) and Monthly (12th of every Month)

Ratios


Minimum Investment AmountInitial Investment: `5000 Under growth, weekly dividend and monthly dividend option & `1,00,000 under Daily Dividend Reinvestment option,Additional Investment: ̀ 1000 & in multiples of ̀ 1Ideal Investment Horizon: 1-15 days



This product is suitable for investors who are seeking*:� Income over a short term investment horizon� Investment in money market securities* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

$Standard Deviation

Modified Duration

Portfolio Yield

0.34%

0.45 yrs

7.77%

Money Market Instruments Commercial Paper(CP)/Certificate of Deposits(CD) Corporate Debt/Financial InstitutionsHDFC Ltd. CRISIL A1+ 8.79AXIS Bank Ltd. CRISIL A1+ 7.50IDFC Bank Limited CRISIL A1+ 6.01Indiabulls Housing Finance Ltd. CRISIL A1+ 3.91Shriram City Union Finance Ltd. ICRA A1+ 3.23Unimed TechnologiesLimited (Secured by EquityShares of Sun PharmaceuticalsIndustries Ltd ) CARE A1+(SO) 3.19Piramal Capital &Housing Finance Ltd. ICRA A1+ 3.18Manappuram Finance Ltd. CRISIL A1+ 3.17IndusInd Bank Ltd. CRISIL A1+ 2.92Piramal Enterprises Ltd. ICRA A1+ 2.54JM Financial Products Limited ICRA A1+ 2.43Muthoot Finance Ltd. CRISIL A1+ 1.94AU Small Finance Bank Ltd. FITCH IND A1+ 1.30Suraksha AssetReconstruction Pvt. Ltd.(Secured by Equityshares of Sun PharmaceuticalsIndustries Ltd ) CARE A1+(SO) 1.30Standard CharteredInvestment &Loan India Ltd. CRISIL A1+ 1.27Godrej Properties Limited CRISIL A1+ 1.26Fullerton India Credit Co. Ltd. CRISIL A1+ 1.25Indostar Capital Finance Limited CRISIL A1+ 1.23

Tata Motors Finance Ltd. ICRA A1+ 0.39ICICI Bank Ltd. CRISIL A1+ 0.33Aditya Birla Finance Ltd. CRISIL A1+ 0.13Corporate Debt/Financial Institutions - Total 57.27Public Sector Undertakings Oriental Bank of Commerce CRISIL A1+ 9.79Rural ElectrificationCorporation Ltd. CRISIL A1+ 7.90Punjab National Bank CARE A1+ 7.64Power FinanceCorporation Ltd. CRISIL A1+ 4.91National Bank forAgriculture & RuralDevelopment CRISIL A1+ 3.80Bank Of Baroda CRISIL A1+ 2.86Andhra Bank CRISIL A1+ 1.84Indian Oil Corporation Ltd. ICRA A1+ 1.29Oil And Natural GasCorporation Ltd. ICRA A1+ 0.39National Bank forAgriculture & RuralDevelopment ICRA A1+ 0.32Small IndustriesDevelopmentBank Of India CARE A1+ 0.19Public SectorUndertakings - Total 40.93Reverse Repo 1.09Triparty Repo 0.31Net CurrentAssets/(Liabilities) 0.40Grand Total 100.00

30

RATING PROFILE (%)


AAUM: `6,810.99 crs

AUM: `7,617.12 crs

Benchmark: Nifty Money Market

Index $


Folio count: 9,047

KOTAK MONEY MARKET SCHEME(Erstwhile Kotak Floater Short Term Scheme)


Low

Med

HighAn open-ended debt scheme investing in money market instruments




PORTFOLIO

Average Maturity of the portfolio based on total maturity of fixed rate and immediate reset date of floating rate instruments : 0.45 years. Kotak Money Market Scheme (Erstwhile Kotak Floater Short Term Scheme) NAV as on March 29, 2019: ̀ 3075.6474 (Growth Option), ̀ 3085.3185 (Direct Growth Option), ̀ 1014.1382 (Weekly Dividend), ̀ 1023.8225 (Direct Weekly Dividend), ̀ 1008.9442 (Monthly Dividend), ̀ 1014.3131 (Direct Monthly Dividend), ̀ 1011.62 (Daily Dividend), ̀ 1011.62 (Direct Daily Dividend) $ With Effect from 1st June 2018, the Benchmark is changed to Nifty Money Market Index from Crisil Liquid Fund. The above performance is benchmarked to Nifty Money Market Index*For Fund Manager experience, please refer page 60-61. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 53-59. For last three dividends, please refer page no 62-64.


ALLOCATION (%)

98.2 1.4 0.4

Commercial Paper (CP)/Certificate of Deposits (CD) TREP & Term Deposits & Rev.Repo Net Current Assets

Investment ObjectiveThe primary objective of the Scheme is to generate income through investment primarily in low duration debt & money market securities. There is no assurance or guarantee that the investment objective of the scheme will be achieved.


A) Regular B) Direct Plan

Options: Dividend Payout, Dividend ..........Reinvestment & Growth (dividend payout is available under monthly dividend only) (applicable for all plans)

Dividend FrequencyWeekly (every Monday), Monthly (12th of every month)

Ratios


Minimum Investment AmountInitial Investment: `5000 and in multiple of `1 for purchase and for ̀ 0.01 for switchesAdditional Investment: ̀ 1000 & in multiples of `1 for purchase and for `0.01 for switches.Ideal Investment Horizon: 1-3 months

Load StructureEntry Load: Nil. Exit Load: Nil.Any exit load charged (net off Service Tax, if any) shall be credited back to the Scheme;


$Standard Deviation

Modified Duration

Portfolio Yield

0.76%

0.76 yrs

9.97%

This product is suitable for investors who are seeking*:� Regular Income over short term� Income by focussing on low duration securities with

portfolio Macaulay duration between 6 months and 12 months



yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Debt Instruments Debentures and Bonds Corporate Debt/Financial Institutions S D Corporation Pvt. Ltd.(DSRA Guarantee fromShapoorji Pallonji andCompany Private Limited ) CARE AA(SO) 7.75Sarvoday AdvisoryServices Pvt. Ltd.( Secured by Equity sharesof JSW Energy Ltd.and JSW Steel Ltd. ) BRICKWORK BWR A(SO) 6.25Manappuram Finance Ltd. ICRA AA- 5.53Rent A Device Trust(Underlying customerReliance Retail ) ICRA AAA(SO) 4.29Dewan HousingFinance Corporation Ltd. CARE AA- 4.12Reliable Devices Trust(Underlying customerReliance Retail ) ICRA AAA(SO) 3.89Aasan CorporateSolutions Pvt. Ltd.( Guaranteed by a PiramalGroup of Company andShree Krishna Trust ) ICRA AA-(SO) 3.88ECL Finance Ltd. CRISIL AA 3.85Coastal Gujarat Power Ltd.( Guarenteed byTATA Power Co. Ltd ) CARE AA(SO) 2.87LIC Housing Finance Ltd. CRISIL AAA 2.85Edelweiss HousingFinance Limited ICRA AA 2.65Indiabulls Housing Finance Ltd. CARE AAA 2.31Piramal Enterprises Ltd. ICRA AA 2.31Avendus Finance Pvt Ltd. CRISIL A+ 2.21Muthoot Fincorp Ltd. BRICKWORK BWR A+ 2.21Bharti Telecom Ltd. CRISIL AA+ 1.68Sahyadri Agencies Ltd( Secured by Equity sharesof Jyothy Laboratories Ltd. ) BRICKWORK BWR A(SO) 1.66Jyothy Fbricare Services Ltd.( Guaranteed By JyothyLaboratories Ltd ) CARE AA(SO) 1.48Indian Hospitals Corporation Ltd( Against Pledge ofApollo Hospital Shares) BRICKWORK BWR AA-(SO) 1.45Muthoot Finance Ltd. CRISIL AA 1.15ECL Finance Ltd. ICRA AA 1.10IIFL Home Finance Ltd. ICRA AA 0.89Hinduja Leyland Finance Ltd. CRISIL AA- 0.33Nabha Power Ltd.( backed by unconditionaland irrevocable guaranteeby Larsen & Toubro Ltd ) ICRA AAA(SO) 0.33Shriram TransportFinance Co Ltd. CRISIL AA+ 0.32Adani Infra (India) Limited.( Secured by shares of

Adani Port, Adani Enterprises& Adani Transmissions ) BRICKWORK BWR AA-(SO) 0.22Nuvoco Vistas Corporation Ltd.( 100 subsidiary of Nirma Ltd.) CRISIL AA 0.20East-North InterconnectionCompany Limited( Operational powertransmission project ) CRISIL AAA(SO) 0.11HDFC Ltd. CRISIL AAA 0.09Corporate Debt/Financial Institutions - Total 67.98Public Sector Undertakings U P Power Corporation Ltd( Guaranteed By UPState Government ) FITCH IND AA(SO) 8.60Andhra Bank CRISIL AA- 2.66Union Bank of India FITCH IND AA 2.14U P Power Corporation Ltd( Guaranteed By UPState Government ) CRISIL A+(SO) 2.02Syndicate Bank CARE A+ 2.01PNB Housing Finance Ltd. FITCH IND AA+ 0.70Punjab & Sind Bank ICRA A+ 0.54Bank Of Baroda CARE AA 0.44Konkan Railway Corporation Ltd. ICRA AAA(SO) 0.22Power Finance Corporation Ltd. CRISIL AAA 0.22Andhra Bank CARE A+ 0.21Small Industries DevelopmentBank Of India CARE AAA 0.04Public SectorUndertakings - Total 19.80Money Market Instruments Commercial Paper(CP)/Certificate of Deposits(CD) Corporate Debt/Financial Institutions M.J. Pharmaceuticals Pvt. Ltd.( Secured by Equity shares ofSun PharmaceuticalsIndustries Ltd. ) CARE A1+(SO) 2.19Utkarsh Small Finance Bank Ltd. ICRA A1 2.17Suraksha Realty Ltd.( Secured by Equity shares ofSun PharmaceuticalsIndustries Ltd ) CARE A1+(SO) 1.21ICICI Bank Ltd. CRISIL A1+ 0.54IndusInd Bank Ltd. CRISIL A1+ 0.42IDFC Bank Limited CRISIL A1+ 0.11Corporate Debt/Financial Institutions - Total 6.64Public Sector Undertakings Indian Oil Corporation Ltd. ICRA A1+ 2.17National ThermalPower Corporation Ltd. CRISIL A1+ 0.33Public SectorUndertakings - Total 2.50Triparty Repo 1.08Net CurrentAssets/(Liabilities) 2.00Grand Total 100.00

31


Low

Med

High

KOTAK LOW DURATION FUND



AAUM: `4,609.29 crs

AUM: `4,526.78 crs

Benchmark: NIFTY Low Duration Debt Index $


Folio count: 46,702

An open-ended low duration debt scheme investing in instruments



PORTFOLIO

ALLOCATION (%)

RATING PROFILE (%)

Average Maturity of the portfolio based on total maturity of fixed rate and immediate reset date of floating rate instruments : 0.92 years Kotak Low Duration Fund NAV as on `2285.3528 (Regular Plan-Growth Option), `1015.9163 (Regular Plan-Weekly Dividend), `1026.852 (Regular Plan-Monthly Dividend), `2375.7859 (Direct Plan- March 29, 2019: Growth Option), ̀ 1200.6975 (Direct Plan- Weekly Dividend), ̀ 1084.8189 (Direct Plan- Monthly Dividend)$ With Effect from 1st June 2018, the Benchmark is changed to Nifty Low Duration Index from Crisil Liquid Fund. The above performance is benchmarked to NIFTY Low Duration Debt Index.*For Fund Manager experience, please refer page 60-61. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 53-59. For last three dividends, please refer page no 62-64.


87.78 9.14 2.00 1.08

Debentures and Bonds Commercial Paper (CP)/Certificate of Deposits (CD) Net Current Assets


58.49 21.32 17.112.00

1.08

A1, AA+, IND AA+, AA, AA(SO), IND AA, IND AA(SO), AA-, AA-(SO), BWR AA-(SO) A1+, A1+(SO), AAA, AAA(SO)

A+, A+(SO), BWR A+, BWR A(SO) Net Current Assets TREP & Term Deposits & Rev.Repo

Equity Funds Ready Reckoner

N/A: Field not applicable to the scheme owing to its investment theme. Risk Factor: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Continuous offer of units of all schemes available at NAV based prices.

DEBT + CASH

LARGECAP

SMALLCAP

MIDCAP

Kotak Bluechip

Fund (Erstwhile

Kotak 50)

a. Favours industry leaders in cost, innovation, brand, competence, etc. with a proven execution track record across cyclesb. High conviction and long term calls taken

Key Features

Kotak India EQ Contra Fund (Erstwhile Kotak Classic Equity)

Kotak Equity Opportunities Fund (Erstwhile Kotak Opportunities)

Kotak Standard Multicap Fund (Kotak Select Focus Fund)

Kotak Tax Saver

KotakInfrastructure & Economic Reform Fund

Kotak Equity Hybrid Fund (Erstwhile Kotak Balance Fund)

Kotak Equity Arbitrage Fund

Large cap

Contra

Large and Midcap

Multi Cap

ELSS

Thematic: Infrastructure

Aggresive Hybrid

Equity Arbitrage

Equity Savings

Investment Theme

Invest with industry leaders

Product Positioning

Long term wealth creators

Spotting the hidden gems

Focus on few selected sectors

Tax advantage with potential equity growth

True to label

Best of both worlds: equity

& debt

Arbitrage opportunities

a. Focus on sustainable large cap stories which can withstand market shocksb. These are companies with pricing power for their competitive advantage or entry barriers

a. Invests in a few sectors as the various sectors of the economy tend to perform differently at different points of timeb. Flexibility to move across market caps depending on their attractiveness during the economic phase

a. Equity portion: Multi cap strategy to identify outstanding companies having well managed and durable businesses with predictable earnings powerb. Debt portion: Actively managed with medium to long term maturityc. Lower volatility than a pure equity or debt fund

a. Discovers arbitrage opportunities by simultaneously entering transactions of long position in cash and exactly off-setting short position in futuresb. Equity position is completely hedged

Identifies investment opportunities across market capitalisation and sectors

a. Portfolio is diversified across sectors and market capitalization segmentsb. Offers dual benefits of growth and tax savings

a. Identifies ""flow related"" companies - These benefit from spending from government, private and household (in terms of properties). They are not asset owners.b. Focus on high quality companies exhibiting superior ROE, positive cash flow, low leverage in an otherwise challenging environment

Conservative portfolio with a blend of:a. Income generation - through arbitrage opportunities & debt investment.b. Growth potential - through moderate participation in equity marketsc. Tax efficiency - through equity orientation

Fund Manager

Mr. Harish Krishnan

Mr. Deepak Gupta

Mr. Harsha Upadhyaya



Mr. Harish Krishnan

Mr. Pankaj Tibrewal

& Mr. Abhishek

Bisen

Mr. Deepak Gupta

Mr. Deepak Gupta

& Mr. Abhishek

Bisen

Kotak Equity Savings Fund

Scheme NameMonthly AAUM

(Rs. Crs)Benchmark Mcap (%) Underweight Beta

Nifty 50 TRI

Nifty 100 TRI

Nifty 200 TRI

Nifty 200 TRI

Nifty 500 TRI

India Infrastructure

Index (Customised

Index by IISL)

Nifty 50 Arbitrage

Index

75% of Nifty 50 Arbitrage

Index + 25% of Nifty 50

Overweight Standard Deviation

(%)

Sharpe 5 yearsAlpha

(%)

1,392.40

735.31

2,447.56

22,973.81

839.34

3,873.12

1,167.86

383.02

1,600.56

12,434.32

2,223.04

N/A

N/A

52.6315.3710.3921.61

29.6839.4929.62 1.20

82.349.291.017.36

47.8842.75

7.781.60

74.0719.19

2.254.50

82.6414.21

0.452.69

1. Industrial Manufacturing2. Cement & Cement Products3. Pharma

1. Information Technology 2. Consumer Goods 3. Media & Entertainment

1. Industrial Manufacturing2. Cement & Cement Products3. Textiles

1. Cement & Cement Products 2. Construction3. Financial Services

1. Industrial Manufacturing2. Cement & Cement Products3. Textiles

N/A

N/A

N/A

N/A

1. Information Technology 2. Energy 3. Telecom

1. Financial Services2. Energy3. Metals

1. Financial Services 2. Automobile3. Consumer Goods

1. Consumer Goods 2. Information technology3. Automobiles

1. Financial Services2. Automobiles3. Consumer Goods

N/A

N/A

N/A

N/A

0.49

0.87

0.71

0.80

0.65

0.62

0.36

0.30

0.42

-0.97

0.66

0.96

0.92

0.96

0.96

0.95

0.79

0.59

0.89

1.04

0.33

1.07

12.23

11.82

12.80

12.72

12.98

15.09

15.81

16.12

10.00

0.39

3.45

0.88

0.66

2.80

4.60

2.60

5.11

7.31

9.27%

NA

0.58%

NA

Kotak Small Cap Fund (Erstwhile Kotak Mid Cap Fund)

Small CapSpot them young, watch them grow

a. Identifies the hidden growth potential of small cap sized companiesb. Portfolio exhibits higher volatility than large caps and Midcaps however tends to have a higher return potential in the long runc. Buy and hold strategy

Mr. Pankaj Tibrewal

Nifty Smallcap 50

TRI

6.9424.4566.602.01

1. Industrial Manufacturing2. Consumer Goods3. Cement & Cement Products

1. Information Technology2. Financial Services3. Healthcare Services

Kotak Emerging Equity Scheme Mid Cap Emerging leaders

a. Stands for winning investment ideas across the mid & small cap range offering decent growth trajectory over the medium to long term horizonb. Buy and hold strategyc. Riskier than a large cap fund but offers faster growth rate since it has a smaller based. 0%-35% allocation to large cap or small cap opportunities as tactical plays

Mr. Pankaj Tibrewal

Nifty Midcap 100

6.2871.6016.865.26

1. Industrial Manufacturing2. Cement & Cement Products3. Fertilisers & Pesticides

1. Financial Services2. Energy3. Information Technology

Nifty 50 Hybrid

Composite Debt

70:30 Index

59.9126.0611.09

2.94

thDetails provided are as on March 29 , 2019. Ratio Source: ICRA MFI Explorer. Risk free rate assumed to be 6.40% . (Since Mibor has spiked in the last day of the month. Mibor rate is the average of March month).

Alpha = Difference between Scheme returns & Benchmark Index TRI of the scheme. In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index

instead of Price Return Variant (PRI).

* The given market cap data is on the basis of new AMFI guidelines wherein Stocks are categorised as per given AMFI list

"For Tax Saver Fund : Minimum Initial Investment: 500. Additional Investment: 500 & inmultiples of 500. For all other Equity Schemes : Minimum Initial Investment: 5000. Additional Investment: 1000 & inmultiples of 1"

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Kotak Bluechip

Kotak Small Cap

Kotak Equity Opportunities

Kotak India EQ Contra

Kotak Standard Multicap

Kotak Tax Saver

Kotak Emerging Equity Scheme

Equity Scheme

Kotak Equity Hybrid Fund

Kotak Equity Savings Fund

Kotak Equity Arbitrage Fund

� Long term capital growth� Investment in portfolio of predominantly equity & equity related securities

� Long term capital growth� Investment in equity & equity related securities predominantly in mid cap stocks



� Long term capital growth� Investment in portfolio of predominantly equity & equity related securities generally focused on a few selected sectors

� Long term capital growth with a 3 year lock in� Investment in portfolio of predominantly equity & equity related securities

� Long term capital growth� Investment in equity & equity related securities predominantly in mid & small cap companies.

� Long term capital growth� Investment in equity & equity related securities balanced with income generation by investing in debt & money market instruments

� Income from arbitrage opportunities in the equity market & long term capital growth� Investment predominantly in arbitrage opportunities in the cash & derivatives segment of the equity market and equity & equity related securities

� Income from arbitrage opportunities in the equity market

� Investment in arbitrage opportunities in the cash & derivatives segment of the equity market.

� Long term capital growth� Long term capital appreciation by investing in equity and equity related instruments of companies contributing to infrastructure and economic development of India

Kotak Infrastructure &

Economic Reform Fund

(formerly known as

�PineBridge Infrastructure

& Economic Reform Fund�)

Debt Scheme

This product is suitable for investors who are seeking*

Riskometer

Low

Moderately

Low

Moderate ModeratelyHigh

High

Investors understand that their principal will be at High risk

Low High

Riskometer

Low

Moderately

Low


High

Investors understand that their principal will be at Moderately High risk

Low High

Riskometer

Low

Moderately

Low


High

Investors understand that their principal will be at Moderately low risk

Low High

Kotak Bond

Kotak Medium Term Fund

Kotak LowDuration

Kotak Mahindra Liquid Scheme

Kotak Money Market Scheme

Kotak Savings Fund

Kotak Dynamic Bond

Kotak CorporateBond Fund

Kotak Banking andPSU Debt Fund

Kotak Bond Short Term

Kotak Credit Risk

� Income over a short term investment horizon� Investment in money market securities

� Income over a short term investment horizon� Investment in debt & money market securities with portfolio Macaulay duration between 3 months and 6 months

� Income over a medium term investment horizon� Investment in debt & money market securities with portfolio Macaulay duration between 1 year and 3 years

� Income over a medium term investment horizon� Investment in debt & money market securities across duration

� Regular Income over short term� Income by investing in fixed income securities of varying maturities and predominantly in AA+ and above rated corporate bonds

� Income over a medium term investment horizon� Investment predominantly in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds )

� Income over a short to medium term investment horizon� Investment in debt & money market securities of PSUs, Banks, Public Financial Institutions, Government Securities & Municipal Bonds

� Income over a short term investment horizon� Investment in debt & money market securities

� Regular Income over short term� Income by focusing on low duration securities with portfolio Macaulay duration between 6 months and 12 months

� Income over a medium term investment horizon� Investment in debt, government securities & money market instruments with portfolio Macaulay duration between 3 years and 4 years

� Income over a long investment horizon� Investment in debt & money market securities with portfolio Macaulay duration between 4 years and 7 years

� Income over a long investment horizon� Investments in sovereign securities issued by the Central and/or State Government(s) and / or reverse repos in such securities.

Riskometer

Low

Moderately

Low


High


Low High

Riskometer

Low

Moderately

Low


High


Low High

Riskometer

Low

Moderately

Low


High


Low High

RiskometerName of the Scheme

Kotak Mahindra Gilt Unit Scheme 98 - Investment plan

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7.21

7.77

7.87

9.97

8.01

8.27

8.25

9.94

9.99

8.54

8.75

7.70

Nil

33,2

54.8

1

6,81

0.99

9,18

9.68

4,60

9.29

1,21

3.92

1,20

5.46

8,14

3.98

4,96

1.18

4,15

7.54

570.

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1,76

1.96

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49

Ave

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)

0.13

0.45

0.46

0.92

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3.05

3.65

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5.90

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Investment ObjectiveThe investment objective of the scheme is to generate income by investing in debt /and money market securities across the yield curve and predominantly in AA rated and below corporate securities. The scheme would also seek to maintain reasonable liquidity within the fund. There is no assurance that the investment objective of the Schemes will be realised.



Dividend FrequencyWeekly (Every Monday), Monthly (12th of every Month), Quarterly (20th of Mar, Jun, Sep and Dec of every Year), Annual (12th of March).

Ratios


Minimum Investment AmountInitial Investment: `5000 and in multiple of `1 for purchase and for ̀ 0.01 for switchesAdditional Investment: ̀ 1000 & in multiples of ̀ 1Ideal Investments Horizon: 1 year & above

Load StructureEntry Load: Nil. (applicable for all plans)Exit Load: a) For redemption / switch out of upto 10% of the initial investment amount (limit) purchased or switched in within 1 year from the date of allotment: Nil.b) If units redeemed or switched out are in excess of the limit within 1 year from the date of allotment: 1%.c) If units are redeemed or switched out on or after 1 year from the date of allotment: Nil.


$Standard Deviation

Modified Duration

Portfolio Yield

1.40%

1.63 yrs

9.94%

This product is suitable for investors who are seeking*:� Income over a medium term investment horizon� Investment predominantly in AA and below rated

corporate bonds (Excluding AA+ rated corporate bonds)


Debt InstrumentsDebentures and BondsCorporate Debt/Financial InstitutionsJSW Techno Projects Management Ltd.( Secured by Equity shares of JSW Energy Ltd. and JSW Steel Ltd. ) BRICKWORK BWR A(SO) 4.22Talwandi Sabo Power Ltd. ( Guaranteed by Vedanta Ltd.) CRISIL AA(SO) 3.89Aasan Corporate Solutions Pvt. Ltd.( Guaranteed by a Piramal Group of Company and Shree Krishna Trust ) ICRA AA-(SO) 3.72Sarvoday Advisory Services Pvt. Ltd.( Secured by Equity shares of JSW Energy Ltd. and JSW Steel Ltd. ) BRICKWORK BWR A(SO) 3.41Coastal Gujarat Power Ltd. ( Guarenteed by TATA Power Co. Ltd ) CARE AA(SO) 3.10HPCL Mittal Energy Ltd. ICRA AA+ 2.43IIFL Home Finance Ltd. ICRA AA 2.42LIC Housing Finance Ltd. CRISIL AAA 2.30Adani Infra (India) Limited.( Secured by shares of Adani Port, Adani Enterprises & Adani Transmissions ) BRICKWORK BWR AA-(SO) 2.13S D Corporation Pvt. Ltd.( DSRA Guarantee from Shapoorji Pallonji and Company Private Limited) CARE AA(SO) 2.03INCRED FINANCIAL SERVICES PRIVATE LIMITED CARE A 2.01Piramal Enterprises Ltd. ICRA AA 2.00Muthoot Fincorp Ltd. BRICKWORK BWR A+ 1.91Nayara Energy Limited CARE AA 1.86Edelweiss Agri Value Chain Ltd.( Unconditional and irrevocable guarantee fromEdelweiss Financial Services Limited) CARE AA(SO) 1.69YES Bank Ltd. ICRA AA- 1.69Prestige Estates Projects Limited ICRA A+ 1.52Shriram Transport Finance Co Ltd. CRISIL AA+ 1.48Bharti Telecom Ltd. CRISIL AA+ 1.31LIC Housing Finance Ltd. CARE AAA 1.23Reliance Jio Infocomm Ltd. CRISIL AAA 1.18Altico Capital India Pvt Ltd FITCH IND AA- 1.00Ananta Landmarks Pvt Ltd. ( Kalpataru Group Company ) UNRATED 1.00ECL Finance Ltd. BRICKWORK BWR AA 0.99Future Lifestyle Fashions Ltd. CRISIL AA- 0.99Muthoot Finance Ltd. CRISIL AA 0.95Asirvad Microfinance Private Limited( 92 subsidiary of Manappuram Finance Ltd. ) CRISIL A+ 0.71Jana Small Finance Bank Ltd. ICRA BBB 0.70Dalmia Cement (Bharat) Ltd ICRA AA 0.67Indiabulls Housing Finance Ltd. CARE AAA 0.60Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) CRISIL AAA 0.50Konti Infrapower & Multiventures Pvt. Ltd.( Secured by Equity shares of Zee Entertainment Enterprises Ltd ) BRICKWORK BWR A(SO) 0.38Aarish Solar Power Ltd.( Solar power generating SPV of Greenko Group with offtaker asNTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) CARE AA-(SO) 0.28Aashman Energy Pvt. Ltd.( Solar power generating SPV of Greenko Group with offtaker asNTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) CARE AA-(SO) 0.28Divyesh Power Pvt. Ltd.( Solar power generating SPV of Greenko Group with offtaker asNTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) CARE AA-(SO) 0.28Elena Renewable Energy Pvt. Ltd.( Solar power generating SPV of Greenko Group with offtaker asNTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) CARE AA-(SO) 0.28Pratyash Renewable Pvt. Ltd.( Solar power generating SPV of Greenko Group with offtaker asNTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) CARE AA-(SO) 0.28SEI Baskara Power Pvt. Ltd.( Solar power generating SPV of Greenko Group with offtaker asNTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) CARE AA-(SO) 0.28SEI Enerstar Renewable Energy Pvt. Ltd.( Solar power generating SPV of Greenko Group with offtaker asNTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) CARE AA-(SO) 0.28SEI Mihir Energy Pvt. Ltd.( Solar power generating SPV of Greenko Group with offtaker asNTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) CARE AA-(SO) 0.28Shreyas Renwable Energy Pvt. Ltd.( Solar power generating SPV of Greenko Group with offtaker asNTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) CARE AA-(SO) 0.28

32

KOTAK CREDIT RISK FUND (Erstwhile Kotak Income Opportunities Fund)


Low

Med

HighAn open-ended debt scheme predominantly investing in aa and below ratedcorporate bonds (excluding AA+ rated corporate bonds)

yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately




AAUM: `4,961.18 crs

AUM: `4,980.11 crs

Benchmark: CRISIL Composite AA Short Term Bond Index


Folio count: 24,235


PORTFOLIO


PORTFOLIOIssuer/Instrument Industry/Rating % to Net Assets

KOTAK CREDIT RISK FUND (Erstwhile Kotak Income Opportunities Fund)An open-ended debt scheme predominantly investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds)

ALLOCATION (%)

RATING PROFILE (%)

Average Maturity of the portfolio based on total maturity of fixed rate and immediate reset date of floating rate instruments : 3.05 years.Kotak Credit Risk Fund (Erstwhile Kotak Income Opportunities Fund) NAV as on March 29, 2019: ̀ 20.3346 (Growth Option), ̀ 21.5272 (Direct Growth Option), ̀ 10.0217 (Weekly Dividend), ̀ 10.4473 (Direct Weekly Dividend), ̀ 10.3533 (Monthly Dividend), ̀ 10.5822 (Direct Monthly Dividend), ̀ 10.8312 (Quarterly Dividend), ̀ 10.2142 (Direct Quarterly Dividend), ̀ 10.3217 (Annual Dividend), ̀ 16.1689 (Direct Annual Dividend).$ With Effect from 1st June 2018, the Benchmark is changed to CRISIL AA Short Term Bond Index from Crisil Short Term Bond Fund Index. The above performance is benchmarked to CRISIL Composite AA Short Term Bond Index.*For Fund Manager experience, please refer page 60-61. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 53-59. For last three dividends, please refer page no 62-64.

33

Zuvan Energy Pvt. Ltd.( Solar power generating SPV of Greenko Group with offtaker asNTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) CARE AA-(SO) 0.28HDFC Ltd. CRISIL AAA 0.21JAMNAGAR UTILITIES & POWER PRIVATE LIMITED ( Mukesh Ambani Group ) CRISIL AAA 0.20Bajaj Finance Ltd. CRISIL AAA 0.10ECL Finance Ltd. CRISIL AA 0.10Tata Steel Ltd. CARE AA 0.09Gruh Finance Ltd. CRISIL AAA 0.07Shriram City Union Finance Ltd. CARE AA+ 0.02Corporate Debt/Financial Institutions - Total 59.61Public Sector Undertakings U P Power Corporation Ltd ( Guaranteed By UP State Government ) CRISIL A+(SO) 8.72Andhra Bank CARE A+ 4.94Punjab & Sind Bank ICRA A+ 2.82Syndicate Bank CARE A+ 2.35Union Bank of India CARE AA- 1.55U P Power Corporation Ltd ( Guaranteed By UP State Government ) FITCH IND AA(SO) 1.09Rural Electrification Corporation Ltd. CRISIL AAA 1.02Union Bank of India FITCH IND AA 0.72Andhra Bank CRISIL AA- 0.62U P Power Corporation Ltd ( Guaranteed By UP State Government ) BRICKWORK BWR AA(SO) 0.49PNB Housing Finance Ltd. FITCH IND AA+ 0.33Power Finance Corporation Ltd. CRISIL AAA 0.28Konkan Railway Corporation Ltd. ICRA AAA(SO) 0.10United Bank Of India CRISIL A+ 0.10National Bank for Agriculture & Rural Development CRISIL AAA 0.04Rural Electrification Corporation Ltd. FITCH IND AAA 0.04Steel Authority of India Ltd. FITCH IND AA- 0.02Public Sector Undertakings - Total 25.23Money Market Instruments Commercial Paper(CP)/Certificate of Deposits(CD) Corporate Debt/Financial Institutions HDFC Ltd. CRISIL A1+ 3.82Suraksha Realty Ltd.( Secured by Equity shares of Sun Pharmaceuticals Industries Ltd ) CARE A1+(SO) 3.48Unimed Technologies Limited( Secured by Equity Shares of Sun Pharmaceuticals Industries Ltd ) CARE A1+(SO) 0.99Piramal Capital & Housing Finance Ltd. ICRA A1+ 0.97IDFC Bank Limited CRISIL A1+ 0.50Corporate Debt/Financial Institutions - Total 9.76Public Sector Undertakings Rural Electrification Corporation Ltd. CRISIL A1+ 1.45Public Sector Undertakings - Total 1.45Triparty Repo 0.56Net Current Assets/(Liabilities) 3.39Grand Total 100.00

84.84 11.21 3.39 0.56



42.18 33.09 19.08 3.391.00

0.56

AA+, IND AA+, AA, AA(SO), BWR AA, BWR AA(SO), IND AA, IND AA(SO), AA-, AA-(SO), BWR AA-(SO), IND AA-

A+, A+(SO), BWR A+, A, BWR A(SO) A1+, A1+(SO), AAA, AAA(SO), IND AAA Net Current Assets

Unrated BBB TREP & Term Deposits & Rev.Repo

0.70

Investment ObjectiveThe investment objective of the scheme is to generate regular income and capital appreciation by investing in a portfolio of medium term debt and money market instruments. There is no assurance or ...guarantee that the investment objective of the scheme will be achieved.



Dividend FrequencyQuarterly (20th of Mar, Jun, Sep and Dec of every Year), Annually (12th of March)

Ratios


Minimum Investment AmountInitial Purchase: ̀ 5,000/- and in multiples of 1 for purchases and for ̀ 0.01 for switches.Additional Purchase: `1000 & in multiples of `1.for purchases and for `0.01 for switches.Ideal Investment Horizon: 2.5 years & above

Load StructureEntry Load: Nil. (applicable for all plans)Exit Load: a) For redemption / switch out of upto 15% of the initial investment amount (limit) purchased or switched in within 18 months from the date of allotment: Nil.b) If units redeemed or switched out are in excess of the limit within 18 months from the date of allotment: 2%.c) If units are redeemed or switched out on or after 18 months from the date of allotment: Nil.


$Standard Deviation

Modified Duration

Portfolio Yield

1.95%

2.35 yrs

9.99%

This product is suitable for investors who are seeking*:� Income over a medium term investment horizon� Investment in debt, government securities & money

market instruments with portfolio Macaulay duration between 3 years & 4 years


34


Low

Med

HighAn open-ended medium term debt scheme investing in instrumentssuch that the macaulay duration of the portfolio is between 3 years and 4 years

KOTAK MEDIUM TERM FUND


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately



AAUM: crs`4,157.54

AUM: `4,165.88 crs

Benchmark: NIFTY Medium Duration Debt Index $


Folio count: 16,907


PORTFOLIO

Debt Instruments


Corporate Debt/Financial Institutions

Reliance Jio Infocomm Ltd. CRISIL AAA 6.50

Coastal Gujarat Power Ltd. ( Guarenteed by TATA Power Co. Ltd ) CARE AA(SO) 6.32

Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) CRISIL AAA 4.51

Aasan Corporate Solutions Pvt. Ltd.

( Guaranteed by a Piramal Group of Company and Shree Krishna Trust ) ICRA AA-(SO) 4.22

JAMNAGAR UTILITIES & POWER PRIVATE LIMITED ( Mukesh Ambani Group ) CRISIL AAA 3.43

Adani Infra (India) Limited.

( Secured by shares of Adani Port, Adani Enterprises & Adani Transmissions ) BRICKWORK BWR AA-(SO) 2.99

Edelweiss Commodities Services Ltd. ( Put options on ECL Finance) ICRA AA 2.93

Dewan Housing Finance Corporation Ltd. CARE AA- 2.36

Talwandi Sabo Power Ltd. ( Guaranteed by Vedanta Ltd.) CRISIL AA(SO) 1.94

Prestige Estates Projects Limited ICRA A+ 1.82

Shriram Transport Finance Co Ltd. CRISIL AA+ 1.77

HPCL Mittal Energy Ltd. ICRA AA+ 1.58

Indian Hospitals Corporation Ltd

( Against Pledge of Apollo Hospital Shares) BRICKWORK BWR AA-(SO) 1.58

Dalmia Cement (Bharat) Ltd ICRA AA 1.45

S D Corporation Pvt. Ltd.

( DSRA Guarantee from Shapoorji Pallonji and Company Private Limited) CARE AA(SO) 1.22

Altico Capital India Pvt Ltd FITCH IND AA- 1.20

Ananta Landmarks Pvt Ltd. ( Kalpataru Group Company ) UNRATED 1.19

Vizag General Cargo Berth Pvt. Ltd.

( backed by unconditional and irrevocable guarantee of Vedanta Ltd ) CRISIL AA(SO) 1.19

Future Lifestyle Fashions Ltd. CRISIL AA- 1.18

Essel Lucknow Raebareli Toll Roads Limited ( Funding against NHAI Annuity) CARE AAA 1.15

ECL Finance Ltd. ICRA AA 1.08

Igarashi Motors Sales Pvt. Ltd. ( backed by underwriting of Axis Capital ) ICRA AAA(SO) 1.05

YES Bank Ltd. ICRA AA- 0.95

LIC Housing Finance Ltd. CRISIL AAA 0.92

Hinduja Leyland Finance Ltd. CRISIL AA- 0.83

Bharti Telecom Ltd. CRISIL AA+ 0.52

ECL Finance Ltd. BRICKWORK BWR AA 0.43

Jana Small Finance Bank Ltd. ICRA BBB 0.36

Muthoot Finance Ltd. CRISIL AA 0.23

Asirvad Microfinance Private Limited

( 92 subsidiary of Manappuram Finance Ltd. ) CRISIL A+ 0.12

Aarish Solar Power Ltd.

( Solar power generating SPV of Greenko Group with offtaker as

NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) CARE AA-(SO) 0.11

Aashman Energy Pvt. Ltd.



Divyesh Power Pvt. Ltd.



Elena Renewable Energy Pvt. Ltd.



IOT Utkal Energy Services Ltd. CRISIL AAA(SO) 0.11

Pratyash Renewable Pvt. Ltd.



SEI Baskara Power Pvt. Ltd.



SEI Enerstar Renewable Energy Pvt. Ltd.



SEI Mihir Energy Pvt. Ltd.



Shreyas Renwable Energy Pvt. Ltd.





Zuvan Energy Pvt. Ltd.



Tata Sons Private Ltd. CRISIL AAA 0.07

The Indian Hotels Company Ltd. CARE AA+ 0.07

Vedanta Ltd. CRISIL AA 0.02

Corporate Debt/Financial Institutions - Total 58.39

Public Sector Undertakings

Punjab National Bank FITCH IND A+ 6.19

U P Power Corporation Ltd ( Guaranteed By UP State Government ) FITCH IND AA(SO) 5.58

Punjab & Sind Bank ICRA A+ 4.33

U P Power Corporation Ltd ( Guaranteed By UP State Government ) CRISIL A+(SO) 4.02

Rural Electrification Corporation Ltd. CRISIL AAA 2.44

PNB Housing Finance Ltd. FITCH IND AA+ 2.38

Syndicate Bank CARE A+ 2.10

Union Bank of India CARE AA- 1.93

Union Bank of India FITCH IND AA 1.62

U P Power Corporation Ltd ( Guaranteed By UP State Government ) BRICKWORK BWR AA(SO) 1.29

Andhra Bank CARE A+ 1.10

United Bank Of India CRISIL A+ 0.57

State Bank Of India. CRISIL AAA 0.27

Punjab National Bank CARE AA- 0.24

Steel Authority of India Ltd. FITCH IND AA- 0.02

Public Sector Undertakings - Total 34.08

Government Dated Securities

1.44% Central Government SOV 0.39

Government Dated Securities - Total 0.39

Money Market Instruments

Commercial Paper(CP)/Certificate of Deposits(CD)

Corporate Debt/Financial Institutions


Suraksha Realty Ltd.

( Secured by Equity shares of Sun Pharmaceuticals Industries Ltd ) CARE A1+(SO) 0.24

Corporate Debt/Financial Institutions - Total 2.18

Public Sector Undertakings Small Industries Development Bank Of India CARE A1+ 0.79

Public Sector Undertakings - Total 0.79

Triparty Repo 0.22

Net Current Assets/(Liabilities) 3.95

Grand Total 100.00

An open-ended medium term debt scheme investing in instruments such that the macaulay duration of the portfolio is between 3 years and 4 years

KOTAK MEDIUM TERM FUND

ALLOCATION (%)

RATING PROFILE (%)

Average Maturity of the portfolio based on total maturity of fixed rate and immediate reset date of floating rate instruments : 3.65 yearsKotak Medium Term Fund NAV as on March 29, 2019: `15.2773 (Growth Option), `15.9865 (Direct Growth Option), `10.7104 (Quarterly Dividend), `10.7282 (Direct Quarterly Dividend), `10.5722 (Annual Dividend), `16.0253 (Direct Annual Dividend).$ With Effect from 1st June 2018, the Benchmark is changed to Nifty Medium Duration Index from Crisil Composite Bond Fund Index. The above performance is benchmarked to NIFTY Medium Duration Debt Index.*For Fund Manager experience, please refer page 60-61. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 53-59. For last three dividends, please refer page no 62-64.

35

92.47 3.95 2.97 0.39 0.22

Debentures and Bonds Net Current Assets Commercial Paper (CP)/Certificate of Deposits (CD)

Government Dated Securities TREP & Term Deposits & Rev.Repo

50.22 23.81 20.25 3.951.19

0.22

AA+, IND AA+, AA, AA(SO), BWR AA, BWR AA(SO), IND AA, IND AA(SO), AA-, AA-(SO), BWR AA-(SO), IND AA-

A1+, A1+(SO), AAA, AAA(SO), SOV A+, A+(SO), IND A+ Net Current Assets Unrated BBB


0.36

Investment ObjectiveThe investment objective of the Scheme is to create a portfolio of debt instruments such as bonds, debentures, Government Securities and money market instruments, including repos in permitted securities of different maturities, so as to spread the risk across different kinds of issuers in the debt markets. There is no assurance that the investment objective of the Scheme will be achieved.



Dividend FrequencyQuarterly (20th of Mar/Jun/Sep/Dec), Half Yearly (20th of Mar/Sept), Annual (12th of Mar) (applicable for all plans)

Ratios

$Source: ICRAMFI Explorer. Standard

Deviation is calculated on Annualised basis using 3 years history of monthly returns.


Load StructureEntry Load: Nil. (applicable for all plans)Exit Load: a) For redemptions/switch outs (including SIP/STP) within 3 months from the date of allotment of units: 0.20%b) For redemptions/switch outs (includingSIP/STP) after 3 months from the date ofallotment of units: Nil

Note: The aforesaid revised exit load structure will be applicable only on a prospective basis for Units purchased /SIP/STP registered on or after February 22, 2018.


$Standard Deviation

Modified Duration

Portfolio Yield

2.96%

3.96 yrs

8.75%

This product is suitable for investors who are seeking*:� Income over a long investment horizon� Investment in debt & money market securities with a

portfolio Macaulay duration between 4 years & 7 years.


Debt InstrumentsDebentures and Bonds Corporate Debt/FinancialInstitutions Rent A Device Trust( Underlying customerReliance Retail ) ICRA AAA(SO) 6.02Mahindra & MahindraFinancial Services Ltd. FITCH IND AAA 4.12Muthoot Finance Ltd. CRISIL AA 3.26Indiabulls Housing Finance Ltd. CARE AAA 2.24Shriram Transport Finance Co Ltd. CRISIL AA+ 1.91JAMNAGAR UTILITIES &POWER PRIVATE LIMITED( Mukesh Ambani Group ) CRISIL AAA 1.11Tata Sons Private Ltd. CRISIL AAA 0.83Sikka Ports & Terminals Ltd.( Mukesh Ambani Group ) CRISIL AAA 0.55HDFC Ltd. CRISIL AAA 0.28Reliance Jio Infocomm Ltd. CRISIL AAA 0.27Bajaj Finance Ltd. FITCH IND AAA 0.19Bajaj Finance Ltd. CRISIL AAA 0.07Hindalco Industries Ltd. CRISIL AA 0.02Corporate Debt/Financial Institutions - Total 20.87Public Sector Undertakings Power Finance Corporation Ltd. CRISIL AAA 10.57National Bank for Agriculture &Rural Development CRISIL AAA 7.10Bharat PetroleumCorporation Ltd. CRISIL AAA 5.69State Bank Of India. CRISIL AA+ 5.66Rural ElectrificationCorporation Ltd. CRISIL AAA 3.87Food Corporation of India CRISIL AAA(SO) 3.62U P Power Corporation Ltd( Guaranteed By UPState Government ) FITCH IND AA(SO) 1.18Bank Of Baroda FITCH IND AAA 0.57Indian RailwayFinance Corporation Ltd. CRISIL AAA 0.30National Highways

Authority Of India CRISIL AAA 0.30Small Industries DevelopmentBank Of India CARE AAA 0.06Public SectorUndertakings - Total 38.92GovernmentDated Securities 8.08% StateGovernment-Tamil Nadu SOV 3.888.39% State Government-Bihar SOV 3.727.95% Central Government SOV 3.468.39% StateGovernment-Uttar Pradesh SOV 3.438.45% StateGovernment-Uttar Pradesh SOV 1.328.39% StateGovernment-West Bengal SOV 1.151.44% Central Government SOV 0.618.15% Central Government SOV 0.598.54% StateGovernment-Kerala SOV 0.20Government DatedSecurities - Total 18.36Money Market Instruments Commercial Paper(CP)/Certificate of Deposits(CD) Corporate Debt/Financial Institutions AXIS Bank Ltd. CRISIL A1+ 9.51IDFC Bank Limited CRISIL A1+ 0.84Corporate Debt/Financial Institutions - Total 10.35Public Sector Undertakings Indian Oil Corporation Ltd. ICRA A1+ 5.59Bank Of Baroda CRISIL A1+ 2.72Public SectorUndertakings - Total 8.31Triparty Repo 1.49Net CurrentAssets/(Liabilities) 1.70Grand Total 100.00

36


Low

Med

HighAn open-ended medium term debt scheme investing in instruments such that themacaulay duration of the portfolio is between 4 years and 7 years

KOTAK BOND(Erstwhile Kotak Mahindra Bond Unit Scheme 99)


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately


Fund Manager: Mr. Abhishek Bisen*

AAUM: crs`1,761.96

AUM: `1,783.49 crs

Benchmark: NIFTY Medium to Long Duration Debt Index $


Folio count: 4,386



ALLOCATION (%)

RATING PROFILE (%)

Average Maturity of the portfolio based on total maturity of fixed rate and immediate reset date of floating rate instruments : 5.90 years.Kotak Bond (Erstwhile Kotak Mahindra Bond Unit Scheme 99) NAV as on March 29, 2019: `50.8069 (Growth Option), `53.3813 (Direct Growth Option), `11.3616 (Quarterly Dividend), `14.4474 (Direct Quarterly Dividend), ̀ 31.1276 (Annual Dividend), ̀ 21.9465 (Direct Annual Dividend)$ With Effect from 1st June 2018, the Benchmark is changed to Nifty Medium to Long Duration Debt Index from Crisil Composite Bond Fund Index. The above performance is benchmarked to NIFTY Medium to Long Duration Debt Index.*For Fund Manager experience, please refer page 60-61. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 53-59. For last three dividends, please refer page no 62-64.


59.79 18.66 18.36 1.70 1.49

Debentures and Bonds Commercial Paper (CP)/Certificate of Deposits (CD) Government Dated Securities

Net Current Assets TREP & Term Deposits & Rev.Repo

84.78 12.03 1.70 1.49

A1+, AAA, AAA(SO), IND AAA, SOV AA+, AA, IND AA(SO) Net Current Assets TREP & Term Deposits & Rev.Repo

Investment ObjectiveThe investment objective of the scheme is to generate income by investing in debt /and money market securities across the yield curve and predominantly in AA+ and above rated corporate securities. The scheme would also seek to maintain reasonable liquidity within the fund. There is no assurance or guarantee that the investment objective of the scheme will be achieved.


Options: Dividend Payout, Dividend .........Reinvestment & Growth (applicable for all plans)

Dividend FrequencyMonthly (12th of every Month)

Ratios


Minimum Investment AmountInitial Investment: `5000 and in multiple of `1 for purchase and for ̀ 0.01 for switchesAdditional Investment: ̀ 1000 & in multiples of `1for purchase and for `0.01 for switches.Ideal Investment Horizon: 1 Year & Above



$Standard Deviation

Modified Duration

Portfolio Yield

0.95%

0.98 yrs

8.01%

This product is suitable for investors who are seeking*:� Regular Income over short term� Income by investing in fixed income securities of

varying maturities and predominantly investing in AA+ and above rated corporate bonds.


Debt Instruments


Corporate Debt/


SP Jammu Udhampur

Highway Ltd. ( Funding against

NHAI Annuity ) ICRA AAA(SO) 7.86

Reliance Industries Ltd. CRISIL AAA 7.78

Rent A Device Trust

( Underlying customer

Reliance Retail ) ICRA AAA(SO) 5.59

L & T Finance Ltd. FITCH IND AAA 5.34

Tata Sons Private Ltd. CRISIL AAA 4.38

HDB Financial Services Ltd. CRISIL AAA 3.57

Tata Capital Financial

Services Limited ICRA AAA 3.56

LIC Housing Finance Ltd. CARE AAA 2.90

HDFC Ltd. CRISIL AAA 2.85

Kotak Mahindra Prime Ltd. CRISIL AAA 2.12

Aditya Birla Finance Ltd. ICRA AAA 1.78

L & T Housing Finance Ltd. CARE AAA 1.69

Reliance Jio Infocomm Ltd.

( Irrevocably and unconditionally

guaranteed by

Reliance Industries ) CRISIL AAA(SO) 1.07

East-North Interconnection

Company Limited

( Operational power

transmission project ) CRISIL AAA(SO) 0.72


IOT Utkal Energy Services Ltd. CRISIL AAA(SO) 0.35

Bhopal Dhule Transmission

Company Ltd. ( Operational

power transmission project ) CRISIL AAA 0.28

Bajaj Finance Ltd. FITCH IND AAA 0.18

Corporate Debt/

Financial Institutions - Total 52.73


Power Finance Corporation Ltd. CRISIL AAA 9.92


Corporation Ltd. CRISIL AAA 7.51

PNB Housing Finance Ltd. FITCH IND AA+ 4.86

National Bank for

Agriculture &

Rural Development CRISIL AAA 4.15


Bank Of India CARE AAA 2.41

Indian Railway

Finance Corporation Ltd. CRISIL AAA 1.81

Powergrid Vizag

Transminssion Ltd.

( backed by unconditional and

irrevocable guarantee by

Powergrid Corp ) CRISIL AAA(SO) 0.50

Canara Bank CRISIL AAA 0.36

ONGC Manglore

Petrochemicals Ltd. FITCH IND AAA 0.36

Public Sector




Certificate of Deposits(CD)

Corporate Debt/


IndusInd Bank Ltd. CRISIL A1+ 3.03

AXIS Bank Ltd. CRISIL A1+ 2.82


Corporate Debt/




Bank Of India CARE A1+ 3.35


Corporation Ltd. CRISIL A1+ 1.68

Public Sector


Reverse Repo 0.62

Triparty Repo 0.75

Net Current


Grand Total 100.00

37


Low

Med

HighAn open-ended debt scheme predominantly investing in AA+ and above rated corporate bonds

KOTAK CORPORATE BOND FUND

yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately




AAUM: 1,213.92 crs`

AUM: `1,409.52 crs

Benchmark: CRISIL Corporate Bond Composite Index $


Folio count: 6,006



ALLOCATION (%)

RATING PROFILE (%)

Average Maturity of the portfolio based on total maturity of fixed rate and immediate reset date of floating rate instruments : 1.09 years Kotak Corporate Bond Fund NAV as on March 29, 2019: `2469.8562 (Regular Plan-Growth Option), `1053.4571 (Regular Plan-Monthly Dividend), `2526.3909 (Direct Plan- Growth Option), `1107.4109 (Direct Plan- Monthly Dividend)$ With Effect from 1st June 2018, the Benchmark is changed to CRISIL Corporate Bond Composite Index from Crisil Composite Bond Fund Index. The above performance is benchmarked to CRISIL Corporate Bond Composite Index.*For Fund Manager experience, please refer page 60-61. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 53-59. For last three dividends, please refer page no 62-64.

Data as on March 31, 201984.61 11.55 2.47 1.37



91.3 4.86 2.47 1.37

A1+, AAA, AAA(SO), IND AAA IND AA+ Net Current Assets TREP & Term Deposits & Rev.Repo

Debentures and Bonds Government Dated Securities Commercial Paper (CP)/Certificate of Deposits (CD)

Net Current Assets

74.84 12.97 8.04 2.17 1.98

Investment ObjectiveTo generate income by predominantly investing in debt & money market securities issued by Banks, Public Sector Undertaking (PSUs), Public Financial Institutions (PFI), Municipal Bonds and Reverse repos in such securities, sovereign securities issued by the Central Government & State Governments, and / or any security unconditionally .........guaranteed by the Govt. of India. There is no assurance that or guarantee that the investment objective of the scheme will be achieved.



Dividend FrequencyMonthly (12th of every Month)

Ratios


Minimum Investment AmountInitial Investment: Dividend Payout, Dividend Re-investment & Growth ̀ 5000 & above.Additional Investment: ̀ 1000 & in multiples of ̀ 1.Ideal Investment Horizon: 1-3 months



$Standard Deviation

Modified Duration

Portfolio Yield

1.84%

2.9 yrs

8.27%

This product is suitable for investors who are seeking*:� Income over a short to medium term investment

horizon.� Investment in debt & money market securities of

PSUs, Banks, Public Financial Institutions, government securities, and Municipal Bonds.


Debt Instruments


Corporate Debt/


AXIS Bank Ltd. CRISIL AA+ 9.46

ICICI Bank Ltd. ICRA AA+ 5.94

ICICI Bank Ltd. CRISIL AA+ 1.22

Corporate Debt/Financial





Export-Import Bank of India CRISIL AAA 8.04

Power Finance Corporation Ltd. CRISIL AAA 7.20


Indian Railway Finance


U P Power Corporation Ltd

( Guaranteed By UP

State Government ) FITCH IND AA(SO) 5.24

Bank Of Baroda FITCH IND AAA 4.46

State Bank Of India. CRISIL AA+ 3.25

Power Finance Corporation Ltd. ICRA AAA 1.62

Bank Of Baroda CARE AA+ 1.61

National Bank for

Agriculture &

Rural Development CRISIL AAA 1.29

Powergrid Vizag

Transminssion Ltd. ( backed by

unconditional and irrevocable

guarantee by Powergrid Corp ) CRISIL AAA(SO) 1.06


Bank Of India CARE AAA 0.20

Power Grid Corporation of

India Ltd. CRISIL AAA 0.08

Public Sector




7.69% State

Government-Assam SOV 3.64

8.88% State

Government-Haryana SOV 2.93

8.74% State

Government-Rajasthan SOV 1.16

8.71% State

Government-Uttar Pradesh SOV 1.08

8.21% State


Government

Dated Securities - Total 12.97



Certificate of Deposits(CD)

Corporate Debt/


IDFC Bank Limited CRISIL A1+ 0.40

Corporate Debt/



National Bank for

Agriculture &

Rural Development CRISIL A1+ 3.84

Small Industries

Development Bank Of India CARE A1+ 3.80

Public Sector


Triparty Repo 1.98

Net Current


Grand Total 100.00

38


Low

Med

High

KOTAK BANKING AND PSU DEBT FUND


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately



AAUM: `1,205.46 crs

AUM: `1,241.58 crs

Benchmark: CRISIL Banking and PSU Debt Index $

Allotment date: December 29,1998

Folio count: 2,232

An open-ended debt scheme predominantly investing in debt instruments of banks,public sector undertakings, public financial institutions and municipal bonds



PORTFOLIO

Average Maturity of the portfolio based on total maturity of fixed rate and immediate reset date of floating rate instruments 3.92 years.Kotak Banking And PSU Debt Fund NAV as on March 29, 2019: ̀ 42.2398 (Growth Option), ̀ 42.9497(Direct Growth Option), ̀ 10.5356 (Monthly Dividend), ̀ 10.6382 (Direct Monthly Dividend) $ With Effect from 1st June 2018, the Benchmark is changed to CRISIL Banking and PSU Debt Index from Crisil Short Term Bond Fund Index. The above performance is benchmarked to CRISIL Banking and PSU Debt Index.*For Fund Manager experience, please refer page 60-61. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 53-59. For last three dividends, please refer page no 62-64.


ALLOCATION (%)

RATING PROFILE (%)

69.13 26.72 2.17 1.98

A1+, AAA, AAA(SO), IND AAA, SOV AA+, IND AA(SO) Net Current Assets TREP & Term Deposits & Rev.Repo


Investment ObjectiveThe objective of the Plan is to generate risk-free returns through investments in sovereign securities issued by the Central Government ...and/or State Government(s) and/or any security unconditionally guaranteed by the Government of India, and/or reverse repos in such securities as and when permitted by RBI. A portion of the fund may be invested in Reverse repo, CBLO and/or other similar instruments as may be notified to meet the day-to-day liquidity requirements of the Plan. To ensure total safety of Unit holders' funds, the Plan does not invest in any other securities such as shares, debentures or bonds issued by any other entity. The Fund will seek to underwrite issuance of Government Securities if and to the extent permitted by SEBI/RBI and subject to the prevailing rules and regulations specified in this respect and may also participate in their auction from time to time. Subject to the maximum amount permitted from time to time, the Plan may invest in securities abroad, in the manner allowed by SEBI/RBI in conformity with the guidelines, rules and regulations in this respect. There is no assurance that the investment objective of the Plan will be achieved. It is however ...........emphasized, that investments under the Plan are made in Government Securities, where there is no risk of default of payment in principal or interest amount.

Available Plans/OptionsA) Regular Non Direct Plan, B) PF & Trust Non Direct Plan, C) Regular Direct Plan,D) PF & Trust Direct Plan.Options: Dividend Payout, Dividend .........Reinvestment & Growth (applicable for all plans)

Dividend FrequencyQuarterly (20th of Mar/Jun/Sep/Dec)

Ratios



Load StructureEntry Load: (a) Regular Plan - Entry: Nil. (b) PF & Trust Plan - Entry: Nil. (applicable for all plans)Exit Load: (a) Regular Plan - Exit: Nil. (b) PF&Trust Plan-Exit: Nil. (applicable for all plans)


This product is suitable for investors who are seeking*:� Income over a long investment horizon� Investment in sovereign securities issued by the

Central and/or State Government(s) and/or reverse repos in such securities



yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately





7.93% State

Government-Chattisgarh SOV 10.52

8.39% State Government-Bihar SOV 7.11

8.08% State

Government-Tamil Nadu SOV 6.60

8.39% State

Government-West Bengal SOV 6.44

8.39% State


9.36% State


8.44% State


8.60% State


8.88% State

Government-Haryana SOV 1.18

7.86% State


9.09% State

Government-Maharashtra SOV 0.36

8.79% State

Government-Maharashtra SOV 0.04

9.37% State

Government-Gujarat SOV 0.04

8.88% State

Government-Gujarat SOV 0.02

Government Dated

Securities - Total 94.15

Triparty Repo 4.51

Net Current


Grand Total 100.00

$Standard DeviationA)Regular PlanB) PF & Trust Plan

Modified Duration

Portfolio Yield

3.38%3.38%

5.71 yrs

7.7%


Low

Med

HighAn open-ended debt scheme investing in government securities across maturity

KOTAK MAHINDRA GILT UNIT SCHEME98 - INVESTMENT PLAN


AAUM: crs`433.49

AUM: `439.26 crs

Benchmark: Nifty All Duration G-Sec Index $

Allotment date: Regular Plan - December 29, 1998;

PF & Trust Plan - November 11, 2003

Folio count: 1,481

Product Label

Riskometer



ALLOCATION (%)

RATING PROFILE (%)

Average Maturity of the portfolio based on total maturity of fixed rate and immediate reset date of floating rate instruments : 8.45 years.Kotak Mahindra Gilt Unit Scheme 98 - Investment Plan NAV as on March 29, 2019: `62.8996 (Regular-Growth), `66.9131 (Regular-Growth-Direct), `14.0155 (Quarterly-Dividend), ̀ 15.1118 (Quarterly-Dividend Direct), ̀ 64.3506 (PF & Trust-Growth), ̀ 68.5288 (PF & Trust-Growth Direct), ̀ 11.8517 (PF & Trust-Quarterly Dividend )$ With Effect from 1st June 2018, the Benchmark is changed to Nifty All Duration G-Sec Index from ISEC Composite Index. The above performance is benchmarked to Nifty All Duration G-Sec Index.*For Fund Manager experience, please refer page 60-61. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 53-59. For last three dividends, please refer page no 62-64.


39

94.15 4.51 1.34

Government Dated Securities TREP & Term Deposits & Rev.Repo Net Current Assets

94.15 4.51 1.34

SOV TREP & Term Deposits & Rev.Repo Net Current Assets

40

Debt Instruments


Corporate Debt/



Sikka Ports & Terminals Ltd.

( Mukesh Ambani Group ) CRISIL AAA 6.67

Reliance Industries Ltd. CRISIL AAA 4.23

ICICI Bank Ltd. CARE AA+ 4.17

ICICI Bank Ltd. CRISIL AA+ 1.70

HDFC Ltd. CRISIL AAA 0.33

SP Jammu Udhampur

Highway Ltd. ( Funding

against NHAI Annuity ) ICRA AAA(SO) 0.25

Corporate Debt/





Indian Railway

Finance Corporation Ltd. CRISIL AAA 8.56

Bank Of Baroda CRISIL AA+ 7.32

Power Finance



State Bank Of India. CRISIL AA+ 4.26

Bank Of Baroda CARE AA 3.31

Union Bank of India FITCH IND AA 2.93

Public Sector


Government

Dated Securities


8.27% State


8.45% State

Government-Punjab SOV 3.67


Government Dated

Securities - Total 19.97

Triparty Repo 1.13

Net Current


Grand Total 100.00

This product is suitable for investors who are seeking*:� Income over a medium term investment horizon� Investment in debt & money market securities across

durations.* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Investment ObjectiveThe investment objective of the Scheme is to maximise returns through an active management of a portfolio of debt and money market securities. There is no assurance or guarantee that the investment objective of the scheme will be achieved.

Available Plans/OptionsA)Regular Plan B)Direct Plan

Options: Dividend Payout, Dividend ..........Reinvestment & Growth(applicable for all plans)

Dividend FrequencyMonthly Dividend Payout & Reinvestment (12th of every Month) (w.e.f June 1, 2017), Q u a r t e r l y D i v i d e n d P a y o u t a n d Reinvestment (20th of March, June, September and December of every year) (applicable for all plans)

Ratios


Minimum Investment AmountInitial Investment: ̀ 5000 and in multiple of `1 for purchase and for ̀ 0.01 for switchesAdditional Investment: `1000 & in multiples of ̀ 1Ideal Investment Horizon: 6 months & above

Load StructureEntry Load: Nil. (applicable for all plans)Exit Load: Nil

Total Expense Ratio**Regular:1.06%; Direct:0.41%

$Standard Deviation

Modified Duration

Portfolio Yield

2.37%

3.98 yrs

8.54%

KOTAK DYNAMIC BOND FUND (Erstwhile Kotak Flexi Debt Scheme)


Low

Med

HighAn open-ended dynamic debt scheme investing across duration

yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately




AAUM: `570.75 crs

AUM: `593.22 crs

Benchmark: Nifty Composite Debt Index $


Folio count: 5,045



PORTFOLIO

ALLOCATION (%)

RATING PROFILE (%)

Average Maturity of the portfolio based on total maturity of fixed rate and immediate reset date of floating rate instruments : 5.55 yearsKotak Dynamic Bond Fund Kotak Flexi Debt Scheme) NAV as on : `24.2599 (Growth Option), `25.1949 (Direct Growth Option), ̀ 11.1075 (Quarterly Dividend), `10.8997 (Direct Quarterly (Erstwhile March 29, 2019Dividend), ̀ 21.9876 (Regular Monthly Dividend), ̀ 22.6529 (Direct Monthly Dividend)$ With Effect from 1st June 2018, the Benchmark is changed to Nifty Composite Debt Index from Crisil Composite Bond Fund Index. The above performance is benchmarked to Nifty Composite Debt Index.*For Fund Manager experience, please refer page 60-61. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 53-59. For last three dividends, please refer page no 62-64.


75.09 19.97 3.81 1.13

Debentures and Bonds Government Dated Securities Net Current Assets TREP & Term Deposits & Rev.Repo

71.37 23.69 3.81 1.13

AAA, AAA(SO), SOV AA+, AA, IND AA Net Current Assets TREP & Term Deposits & Rev.Repo

41

This product is suitable for investors who are seeking*:� Income over a short term investment horizon� Investment in debt & money market securities having

maturity of one business day.* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Investment ObjectiveThe primary objective of the Scheme is to generate income through investment in debt & money market instruments having maturity of one business day (including CBLO (Tri-Party Repo), Reverse Repo and equivalent). However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.

Available Plans/OptionsA)Regular Plan B)Direct Plan

Dividend FrequencyDaily, Weekly (Every Monday) (applicable for all plans)

Source: ICRA MFI Explorer

Ratios

Minimum Investment AmountInitial Investment: ̀ 5000 and in multiple of `1 for purchase and for ̀ 0.01 for switchesAdditional Investment: `1000 & in multiples of `1 for purchase and for 0.01 for switches


Total Expense Ratio**Regular:0.15%; Direct:0.10%

Portfolio Yield 6.09%

KOTAK OVERNIGHT FUND

An open ended debt scheme investing in overnight securities

yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately




AAUM: `859.86 crs

AUM: `717.29 crs

Benchmark: NIFTY 1D Rate index

Allotment date: January 15, 2019

Folio count: 80

PORTFOLIO

ALLOCATION (%)

RATING PROFILE (%)

Average Maturity of the portfolio based on total maturity of fixed rate and immediate reset date of floating rate instruments : 0.01 yearsKotak Overnight Fund NAV as on 2019: ̀ 1012.4463 (Growth Option), ̀ 1012.5493 (Direct Growth Option), ̀ 1004.7568 (Regular Daily Dividend), ̀ 1003.6055 (Direct Daily Dividend)March 29,*For Fund Manager experience, please refer page 60-61. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 53-59. For last three dividends, please refer page no 62-64.



Low

Med

High

Money Market InstrumentsCommercial Paper(CP)/Certificate of Deposits(CD)Corporate Debt/Financial Institutions

Indian Bank CRISIL A1+ 9.06Public SectorUndertakings - Total 9.06Triparty Repo 90.45Grand Total 100.00



90.45 9.06 0.49

TREP & Term Deposits & Rev.Repo Commercial Paper (CP)/Certificate of Deposits (CD) Net Current Assets

90.45 9.06 0.49

TREP & Term Deposits & Rev.Repo A1+ Net Current Assets

AU Small Finance Bank Ltd. 0.26AXIS Bank Ltd. 3.98AXIS Finance Ltd. 0.15Aarish Solar Power Ltd. ( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) 0.02Aasan Corporate Solutions Pvt. Ltd. ( Guaranteed by a Piramal Group of Company and Shree Krishna Trust ) 0.78Aashman Energy Pvt. Ltd. ( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) 0.02Adani Infra (India) Limited. ( Secured by shares of Adani Port, Adani Enterprises & Adani Transmissions ) 0.49Aditya Birla Finance Ltd. 1.73Altico Capital India Pvt Ltd 0.11Ananta Landmarks Pvt Ltd. ( Kalpataru Group Company ) 0.11Andhra Bank 0.92Asirvad Microfinance Private Limited ( 92% subsidiary of Manappuram Finance Ltd. ) 0.04Aspire Home Finance Corporation Ltd 0.08Avendus Finance Pvt Ltd. 0.11Bahadur Chand Investments Private Limited 0.34Bajaj Capital Ventures Pvt. Ltd. ( Secured by Equity shares of Bajaj Corp. Ltd ) 0.06Bajaj Finance Ltd. 3.61Bajaj Housing Finance Ltd. 0.36Bank Of Baroda 1.30Bharat Petroleum Corporation Ltd. 0.11Bharti Telecom Ltd. 0.18Bhopal Dhule Transmission Company Ltd. ( Operational power transmission project ) 0.19Birla Corporation Ltd. 0.04Canara Bank 0.17Central Government 2.60Coastal Gujarat Power Ltd. ( Guarenteed by TATA Power Co. Ltd ) 0.61Dalmia Cement (Bharat) Ltd 0.16Dewan Housing Finance Corporation Ltd. 0.37Divyesh Power Pvt. Ltd. ( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) 0.02ECL Finance Ltd. 0.41East-North Interconnection Company Limited ( Operational power transmission project ) 0.03Edelweiss Agri Value Chain Ltd. ( Unconditional and irrevocable guarantee from Edelweiss Financial Services Limited) 0.32Edelweiss Commodities Services Ltd. 0.20Edelweiss Commodities Services Ltd. ( Put options on ECL Finance) 0.17Edelweiss Housing Finance Limited 0.22Edisons Utility Works Pvt.Ltd. ( Secured by Equity shares of Zee Entertainment Enterprises Ltd ) 0.15Elena Renewable Energy Pvt. Ltd. ( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) 0.02Essel Lucknow Raebareli Toll Roads Limited ( Funding against NHAI Annuity) 0.05Export-Import Bank of India 0.13Food Corporation of India 0.07Fullerton India Credit Co. Ltd. 0.33Future Lifestyle Fashions Ltd. 0.11Godrej Properties Limited 0.11Gruh Finance Ltd. 0.33HDB Financial Services Ltd. 0.76HDFC Bank Ltd. 0.16HDFC Ltd. 4.16HPCL Mittal Energy Ltd. 0.47Hero FinCorp Ltd. 0.39Hindalco Industries Ltd. 0.00Hinduja Leyland Finance Ltd. 0.12ICICI Bank Ltd. 0.19IDFC Bank Limited 1.84IIFL Home Finance Ltd. 0.29Incred Financial Services Private Limited 0.11IOT Utkal Energy Services Ltd. 0.04Igarashi Motors Sales Pvt. Ltd. ( backed by underwriting of Axis Capital ) 0.05Indiabulls Housing Finance Ltd. 0.88Indian Bank 0.28Indian Hospitals Corporation Ltd ( Against Pledge of Apollo Hospital Shares) 0.17Indian Oil Corporation Ltd. 1.96Indian Railway Finance Corporation Ltd. 0.93Indostar Capital Finance Limited 0.34IndusInd Bank Ltd. 0.77Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group) 0.53JM Financial Credit Solutions Ltd. 0.03JM Financial Products Limited 0.28JSW Techno Projects Management Ltd. ( Secured by Equity shares of JSW Energy Ltd. and JSW Steel Ltd. ) 0.23Jana Small Finance Bank Ltd. 0.06Jyothy Fbricare Services Ltd. ( Guaranteed By Jyothy Laboratories Ltd ) 0.07Konkan Railway Corporation Ltd. 0.02Konti Infrapower & Multiventures Pvt. Ltd. ( Secured by Equity shares of Zee Entertainment Enterprises Ltd ) 0.27Kotak Mahindra Prime Ltd. 0.44L & T Finance Ltd. 1.05L & T Housing Finance Ltd. 0.14L & T Infrastructure Finance Company Ltd. 0.65LIC Housing Finance Ltd. 1.97M.J. Pharmaceuticals Pvt. Ltd. ( Secured by Equity shares of Sun Pharmaceuticals Industries Ltd. ) 0.11MA Multi Trade Pvt Ltd ( Secured by Equity shares of Bajaj Corp. Ltd ) 0.06Mahindra & Mahindra Financial Services Ltd. 1.10Manappuram Finance Ltd. 0.72Muthoot Finance Ltd. 1.67Muthoot Fincorp Ltd. 0.22

42

Details of exposure across all Debt Funds of Kotak Mahindra Mutual Fund as on March 31, 2019

Issuer Name %age of Exposure to Debt AUM $

Issuer Name

Industry / Sector %age of Exposure to Debt AUM $BANK 16.46CASH (TREP/REVERSE REPO) 2.55CORPORATES 25.69FINANCIAL SERVICES 28.15GOI/TBILLS 8.32NBFC 18.55REAL ESTATE 0.28Total 100.00

43

%age of Exposure to Debt AUM $

NHPC Ltd. 0.01Nabha Power Ltd. ( Backed by Letter of Comfort from L&T ) 0.36Nabha Power Ltd. ( backed by unconditional and irrevocable guarantee by Larsen & Toubro Ltd ) 1.42National Bank for Agriculture & Rural Development 3.76National Highways Authority Of India 0.06National Thermal Power Corporation Ltd. 1.69Nayara Energy Limited 0.11Nirma Ltd. 0.07Nuvoco Vistas Corporation Ltd. 0.11ONGC Manglore Petrochemicals Ltd. 0.50Oil And Natural Gas Corporation Ltd. 0.20Oriental Bank of Commerce 1.55PNB Housing Finance Ltd. 0.56Piramal Capital & Housing Finance Ltd. 0.66Piramal Enterprises Ltd. 0.92Power Finance Corporation Ltd. 5.09Power Grid Corporation of India Ltd. 0.14Powergrid Vizag Transminssion Ltd. ( backed by unconditional and irrevocable guarantee by Powergrid Corp ) 0.02Pratyash Renewable Pvt. Ltd. ( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) 0.02Prestige Estates Projects Limited 0.17Punjab & Sind Bank 0.42Punjab National Bank 2.74RBL Bank Ltd. 0.08Reliable Devices Trust ( Underlying customer Reliance Retail ) 1.05Reliance Industries Ltd. 3.15Reliance Jio Infocomm Ltd. 1.54Reliance Jio Infocomm Ltd. ( Irrevocably and unconditionally guaranteed by Reliance Industries ) 0.13Reliance Retail Limited 1.10Rent A Device Trust ( Underlying customer Reliance Retail ) 0.75Rural Electrification Corporation Ltd. 4.62S D Corporation Pvt. Ltd. ( DSRA Guarantee from Shapoorji Pallonji and Company Private Limited ) 0.64SEI Baskara Power Pvt. Ltd. ( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) 0.02SEI Enerstar Renewable Energy Pvt. Ltd. ( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) 0.02SEI Mihir Energy Pvt. Ltd. ( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) 0.02SP Jammu Udhampur Highway Ltd. ( Funding against NHAI Annuity ) 0.20Sahyadri Agencies Ltd ( Secured by Equity shares of Jyothy Laboratories Ltd. ) 0.08Sarvoday Advisory Services Pvt. Ltd. ( Secured by Equity shares of JSW Energy Ltd. and JSW Steel Ltd. ) 0.51Shapoorji Pallonji Energy Gujarat Pvt. Ltd. ( DSRA Guarantee from Shapoorji Pallonji and Company Private Limited ) 0.02Shreyas Renwable Energy Pvt. Ltd. ( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) 0.02Shriram City Union Finance Ltd. 0.35Shriram Transport Finance Co Ltd. 0.66Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) 0.34Small Industries Development Bank Of India 1.36Standard Chartered Investment & Loan India Ltd. 0.11State Bank Of India. 0.54State Government 5.73Steel Authority of India Ltd. 0.00Sundaram Finance Ltd. 0.35Suraksha Asset Reconstruction Pvt. Ltd. ( Secured by Equity shares of Sun Pharmaceuticals Industries Ltd ) 0.22Suraksha Realty Ltd. ( Secured by Equity shares of Sun Pharmaceuticals Industries Ltd ) 0.33Syndicate Bank 0.33TGS Investment & Trade Private Ltd. ( Holding Company for Aditya Birla Group) 0.11TREP/REVERSE REPO 2.56Talwandi Sabo Power Ltd. ( Guaranteed by Vedanta Ltd.) 0.43Tata Capital Financial Services Limited 1.54Tata Capital Housing Finance Ltd. 0.81Tata Motors Finance Ltd. 0.33Tata Motors Finance Solutions Ltd. 0.33Tata Sons Private Ltd. 0.55Tata Steel Ltd. 0.01The Indian Hotels Company Ltd. 0.01Trapti Trading & Investments Private Limited ( Holding Company for Aditya Birla Group) 0.11U P Power Corporation Ltd ( Guaranteed By UP State Government ) 1.92Unimed Technologies Limited ( Secured by Equity Shares of Sun Pharmaceuticals Industries Ltd ) 0.33Union Bank of India 0.45United Bank Of India 0.13Utkarsh Small Finance Bank Ltd. 0.11Vedanta Ltd. 0.06Vijaya Bank 0.04Vizag General Cargo Berth Pvt. Ltd. ( backed by unconditional and irrevocable guarantee of Vedanta Ltd ) 0.06YES Bank Ltd. 0.14Zuvan Energy Pvt. Ltd. ( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd. ) 0.02Total 100.00

Investment ObjectiveTo generate long-term capital appreciation from a portfolio created by investing in specified open-ended equity, and debt schemes of Kotak Mahindra Mutual Fund. However, there is no assurance that the investment objective of the Scheme will be realized.


Options: Dividend Payout,Dividend Reinvestment & Growth (applicable for all plans)

Dividend FrequencyTrustee�s DiscretionMinimum Investment AmountInitial Investment: `5000 and in multiple of `1 for purchase and for ̀ 0.01 for switchesAdditional Investment: ̀ 1000 & in multiples of ̀ 1Ideal Investment Horizon: 3 years & above

Load StructureEntry Load: Nil. (applicable for all plans)Exit Load: a) 1% if exit before 1 year from date of allotment. b) Nil if exit after 1 year from the date of allotment.Exit Load shall be applicable incase of switch from Regular Plan (where broker code is mentioned) to Direct PlanExit Load shall not be applicable: Incase of switch from Regular Plan (where no broker code is mentioned) to Direct Plan In case of switch from Direct Plan to Regular Plan.


Equity & Equity relatedMutual Fund Units Kotak Savings FundDirect Growth Debt Scheme 66.63Kotak Bond DirectPlan Growth Debt Scheme 17.98Kotak Standard MulticapFund Direct Growth Equity Scheme 9.72

Kotak Mahindra LiquidScheme Direct Plan Growth Debt Scheme 1.58Mutual Fund Units - Total 95.91Triparty Repo 3.71Net CurrentAssets/(Liabilities) 0.38Grand Total 100.00

This product is suitable for investors who are seeking*:� Long term capital growth� Investment in open-ended diversified equity schemes

and debt schemes of Kotak Mahindra Mutual Fund* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

An open-ended fund of fund scheme investing in specifiedopen-ended equity, and debt schemes of Kotak Mahindra Mutual Fund

KOTAK ASSET ALLOCATORFUND

Investment style For Equity:


Large

Mid

Small

Maturity For Debt:


Low

Medium

High



PORTFOLIO



AAUM: `37.32 crs

AUM: `37.69 crs

Benchmark: NIFTY 50 Hybrid Composite Debt 50:50 Index $


Folio count: 2,487

Kotak Asset Allocator Fund NAV as on March 29, 2019: ̀ 78.273 (Dividend Option), ̀ 81.423 (Direct Dividend Option), ̀ 80.411 (Growth Option), ̀ 82.914 (Direct Growth Option)$ with the Effect from 1st June 2018, The Benchmark is Changed to NIFTY 50 Hybrid Composite Debt 50:50 Index from Crisil Hybrid 35+65 Aggressive Index*For Fund Manager experience, please refer page 60-61. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 53-59. For last three dividends, please refer page no 62-64.


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately



44

95.91 3.71 0.38

Unrated TREP & Term Deposits & Rev.Repo Net Current Assets

Investment ObjectiveThe primary investment objective of the scheme is to provide long term capital appreciation by investing in units of a fund that invests predominantly in equity and equity-related securities of companies having assets, products or operations in the United States. However, there is no assurance that the objective of the scheme will be realized.




Minimum Investment AmountInitial Investment: `5000 and in multiple of `1 for purchase and for ̀ 0.01 for switchesAdditional Investment: ̀ 1000 & in multiples of ̀ 1Ideal Investment Horizon: 3 years & above

Load StructureEntry Load: Nil. (applicable for all plans)Exit Load: a) For redemptions / switch outs (including SIP/STP) within 1 year from the date of allotment of units: 1%;b) For redemptions / switch outs (including SIP/STP) after 1 year from the date of Allotment of units: NIL.



Mutual Fund Units

Pinebridge US Large

Cap Research Enhance Fund Overseas Mutual Fund 97.70

Mutual Fund Units - Total 97.70

Net Current


Grand Total 100.00

This product is suitable for investors who are seeking*:� Long term capital growth� Long term capital appreciation by investing in Units of

PineBridge US Large Cap Research Enhanced Fund which in turn invests in equity and equity related securities of companies having assets, products or operations in the United States.


An open-ended fund of funds scheme investing in units of funds that investspredominantly in companies having assets, products or operations in united states

KOTAK US EQUITY FUNDInvestment style


Large

Mid

Small



PORTFOLIO


Kotak US Equity Fund NAV as on March 29, 2019: ̀ 16.224 (Dividend Option), ̀ 16.899 (Direct Dividend Option), ̀ 16.225 (Growth Option), ̀ 16.899 (Direct Growth Option)*For Fund Manager experience, please refer page 60-61. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 53-59.


AAUM: `8.59 crs

AUM: `8.62 crs

Benchmark: Standard & Poor's 500 Total Return Net Index in USD is the benchmark of the underlying scheme. The same converted into INR using RBI reference rate will be the benchmark for the scheme.


Folio count: 1,492


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Product Label

Riskometer


45

97.70 2.30

Overseas Mutual Fund Net Current Assets

Investment ObjectiveThe investment objective of the scheme is to provide long-term capital appreciation by investing in an overseas mutual fund scheme that invests in a diversified portfolio of securities as prescribed by SEBI from time to time in global emerging markets. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.





Load StructureEntry Load: Nil. (applicable for all plans)Exit Load: a) For exit within 1 year from the date of allotment of units: 1%.b) For exit after 1 year from the date of Allotment of units: Nil



Mutual Fund Units

MGF Asian Small

Equity Fund Class I Overseas Mutual Fund 71.92

ishares MSCI Emerging

Markets ETF Overseas Mutual Fund 24.40

Mutual Fund

Units - Total 96.32

Triparty Repo 1.88

Net Current


Grand Total 100.00

This product is suitable for investors who are seeking*:� Long term capital growth� Investment in overseas mutual fund schemes that invest

in a diversified portfolio of securities in global emerging markets


An open-ended fund of fund scheme investing in overseas mutual fundschemes investing in global emerging markets

KOTAK GLOBAL EMERGING MARKET FUNDInvestment style


Large

Mid

Small



PORTFOLIO


Kotak Global Emerging Market Fund NAV as on March 29, 2019: ̀ 15.234 (Dividend Option), ̀ 16.058 (Direct Dividend Option), ̀ 15.234 (Growth Option), ̀ 15.989 (Direct Growth Option)*For Fund Manager experience, please refer page 60-61. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 53-59.

Fund Manager: Mr. Deepak Gupta (Dedicated fund manager for Fund Managers overseas investment w.e.f. January 24, 2019)

AAUM: `31.51 crs

AUM: `31.87 crs

Benchmark: MSCI Emerging

Market


Folio count: 7,335


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Product Label

Riskometer


46

96.32 1.88 1.80

Overseas Mutual Fund Net Current AssetsTREP & Term Deposits & Rev.Repo

Investment ObjectiveThe primary investment objective of the Scheme is to provide long term capital appreciation by investing predominantly in units of Falcon Gold Equity Fund. The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes. The Scheme may also invest a certain portion of its corpus in debt and money market securities and/or units of debt/liquid schemes of Mutual Funds, in order to meet liquidity requirements from time to time. However, there is no assurance that the objective of the scheme will be realized.





Load StructureEntry Load: Nil. (applicable for all plans)Exit Load: a) For redemptions / switch outs (including SIP/STP) within 1 year from the date of allotment of units: 1%;b) For redemptions / switch outs (including SIP/STP) after 1 year from the date of Allotment of units: NIL;



Mutual Fund Units

INVESTEC GLOBAL

GOLD I ACC Overseas Mutual Fund 101.66

Mutual Fund Units - Total 101.66

Triparty Repo 0.95

Net Current


Grand Total 100.00

An open-ended fund of fund scheme investing in predominantly in units offalcon gold equity fund or in other similar overseas mutual fund schemes

KOTAK WORLD GOLD FUNDInvestment style


Large

Mid

Small



PORTFOLIO


This product is suitable for investors who are seeking*:� Long term capital growth� Long term capital appreciation by investing in units of

Falcon Gold Equity Fund which in turn invests in international securities of gold production, processing and marketing companies



yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Product Label

Riskometer

Kotak World Gold Fund NAV as on March 29, 2019: ̀ 6.63 (Dividend Option), ̀ 6.946 (Direct Dividend Option), ̀ 8.001 (Growth Option), ̀ 8.36 (Direct Growth Option)*For Fund Manager experience, please refer page 60-61. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 53-59.

Fund Manager: Mr. Deepak Gupta

AAUM: `32.15 crs

AUM: `31.53 crs

Benchmark: Financial Times Gold Mines Total Price Index, in USD is the benchmark of Falcon Gold Equity Fund. The above translated to INR using the RBI Reference Rate will be the benchmark of Kotak World Gold Fund.

Allotment date: June 06, 2008

Folio count: 11,552


47

101.66 0.95-2.61

Overseas Mutual Fund TREP & Term Deposits & Rev.Repo Net Current Assets

Kotak Gold ETF NAV as on March 29, 2019: ̀ 279.7792$ With Effect from 25th May 2018, the Benchmark is renamed to Price of Gold, based on the formula prescribed by SEBI as per Gazette Notification dated December 20, 2006.*For Fund Manager experience, please refer page 60-61. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 53-59.

Investment ObjectiveThe investment objective of the scheme is to generate returns that are in line with the returns on investment in physical gold, subject to tracking errors.

Available PlanRegular Plan

Minimum Investment AmountThrough Exchange:10 Units,Through AMC: 10000 Units,Ideal Investment Horizon: 3 years and....... above


Total Expense Ratio**Regular: 1.00%

7


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Gold

Gold 1 Kg Fineness 0.995 GOVERNMENT 99.72

Equity & Equity


Net Current


Grand Total 100.00

This product is suitable for investors who are seeking*:� Returns in line with physical gold over medium to long

term, subject to tracking error� Investment in physical gold* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Gold Net Current Assets

0.2899.72

KOTAK GOLD ETF

An open-ended scheme replicating/ tracking physical gold prices



PORTFOLIO


Tracking Error: 0.06%


AAUM: `361.13 crs

AUM: `352.28 crs

Benchmark: Price of Gold $


Folio count: 35,104



48

Investment ObjectiveThe investment objective of the scheme is to provide returns before expenses that closely correspond to the total returns of the Nifty 50 subject to tracking errors. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.


Ratios

Minimum Investment AmountThrough Exchange:1 Unit,Through AMC: 50000 Units,Ideal Investment Horizon: 3 years and above



7

Portfolio Turnover:

Tracking Error:

27.55%

0.07%

Equity & Equity related HDFC Bank Ltd. Banks 10.66Reliance Industries Ltd. Petroleum Products 9.97HDFC Ltd. Finance 6.94Infosys Ltd. Software 6.04ICICI Bank Ltd. Banks 5.51ITC Ltd. Consumer Non Durables 5.45Tata ConsultancyServices Ltd. Software 4.49Kotak Mahindra Bank Ltd. Banks 3.81Larsen And Toubro Ltd. Construction Project 3.65Axis Bank Ltd Banks 3.24Hindustan Unilever Ltd. Consumer Non Durables 2.60State Bank Of India Banks 2.57IndusInd Bank Ltd. Banks 1.95Maruti Suzuki India Limited Auto 1.89Bajaj Finance Limited Finance 1.53Asian Paints Ltd. Consumer Non Durables 1.44Mahindra & Mahindra Ltd. Auto 1.34HCL Technologies Ltd. Software 1.26National Thermal PowerCorporation Limited Power 1.17Sun PharmaceuticalsIndustries Ltd. Pharmaceuticals 1.13Yes Bank Ltd Banks 1.09Tech Mahindra Ltd. Software 1.04Oil & Natural GasCorporation Ltd. Oil 1.03Titan Company Ltd. Consumer Durables 1.02Power Grid Corporation OfIndia Ltd Power 0.97Bharti Airtel Ltd. Telecom - Services 0.94Bajaj Finserv Ltd. Finance 0.91

Ultratech Cement Ltd. Cement 0.89Bajaj Auto Ltd. Auto 0.85Coal India Ltd. Minerals/Mining 0.85Tata Steel Limited. Ferrous Metals 0.84Indian Oil Corporation Ltd Petroleum Products 0.82Wipro Ltd. Software 0.82Britannia Industries Ltd. Consumer Non Durables 0.78UPL Ltd Pesticides 0.75Dr Reddys Laboratories Ltd Pharmaceuticals 0.72Grasim Industries Ltd. Cement 0.72Vedanta Ltd. Non - Ferrous Metals 0.72Hero MotoCorp Ltd. Auto 0.71Tata Motors Ltd. Auto 0.68GAIL (India) Ltd. Gas 0.67Bharat PetroleumCorporation Ltd. Petroleum Products 0.66Adani Port and SpecialEconomic Zone Limited Transportation 0.64Hindalco Industries Ltd Non - Ferrous Metals 0.64JSW Steel Ltd. Ferrous Metals 0.64Eicher Motors Ltd Auto 0.61Indiabulls HousingFinance Ltd. Finance 0.61Bharti Infratel Ltd. Telecom - Equipment & Accessories 0.57Cipla Ltd. Pharmaceuticals 0.57Zee EntertainmentEnterprises Ltd Media and Entertainment 0.53Equity & EquityRelated - Total 99.93Net CurrentAssets/(Liabilities) 0.07Grand Total 100.00

This product is suitable for investors who are seeking*:� Long term capital growth� Investment in stocks comprising the underlying index

and endeavours to track the benchmark index* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

KOTAK NIFTY ETF

An open-ended scheme replicating/ tracking nifty 50 index



PORTFOLIO



AAUM: `722.69 crs

AUM: `759.07 crs

Benchmark: Nifty 50


Folio count: 8,038


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately


Kotak Nifty ETF NAV as on March 29, 2019: ̀ 119.3707*For Fund Manager experience, please refer page 60-61. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 53-59. For last three dividends, please refer page no 62-64.


49

28.83 13.65 11.45 10.27 9.99 6.08 3.652.42

2.141.61

9.91

Banks Software Petroleum Products Consumer Non Durables Finance Auto Construction Project

Pharmaceuticals Power Cement REST

7

Investment ObjectiveThe investment objective of the scheme is to provide returns before expenses that closely correspond to the total returns of the BSE SENSEX subject to tracking errors. However, there is no assurance or ..........guarantee that the investment objective of the scheme will be achieved.


Ratios




Portfolio Turnover:

Tracking Error:

16.61%

0.11%




HDFC Ltd. Finance 8.60



ITC Ltd. Consumer Non Durables 6.44

Tata Consultancy

Services Ltd. Software 5.35




Hindustan Unilever Ltd. Consumer Non Durables 3.11



Maruti Suzuki India Limited Auto 2.26


Asian Paints Ltd. Consumer Non Durables 1.71


HCL Technologies Ltd. Software 1.54

Sun Pharmaceuticals

Industries Ltd. Pharmaceuticals 1.32

National Thermal Power

Corporation Limited Power 1.30

Yes Bank Ltd Banks 1.30

Power Grid Corporation Of

India Ltd Power 1.16

Oil & Natural Gas

Corporation Ltd. Oil 1.15

Bharti Airtel Ltd. Telecom - Services 1.12

Tata Steel Limited. Ferrous Metals 1.02

Bajaj Auto Ltd. Auto 1.01

Vedanta Ltd. Non - Ferrous Metals 0.87

Hero MotoCorp Ltd. Auto 0.84

Coal India Ltd. Minerals/Mining 0.82

Tata Motors Ltd. Auto 0.81

Tata Motors Ltd - DVR Auto 0.11

Equity & Equity


Net Current


Grand Total 100.00



KOTAK SENSEX ETF

An open-ended scheme replicating/ tracking S&P BSE sensex index



PORTFOLIO



AAUM: ` crs 12.38

AUM: ` crs12.75

Benchmark: S&P BSE Sensex

Allotment date: June 6, 2008

Folio count: 1,144


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately


Kotak Sensex ETF NAV as on March 29, 2019: ̀ 395.7961*For Fund Manager experience, please refer page 60-61. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 53-59. For last three dividends, please refer page no 62-64.


50

33.32 14.07 11.26 11.21 10.42 6.62 4.292.46

1.321.15

3.88

Banks Software Consumer Non Durables Petroleum Products Finance Auto

Construction Project Power Pharmaceuticals Oil REST

Investment ObjectiveThe investment objective of the scheme is to provide returns before expenses that closely correspond to the total returns of stocks as represented by the Nifty Bank Index subject to tracking errors. There is no assurance or guarantee that the investment objective of the scheme will be achieved.

Available Plan/OptionsRegular Plan Option - Dividend Payout

Ratios

Minimum Investment AmountThrough Exchange:1 Unit,Through AMC: 15000 Units,Ideal Investment Horizon: 3 years and .......above



7










Yes Bank Ltd Banks 3.90


Federal Bank Ltd. Banks 1.47

Bank Of Baroda Banks 0.94

IDFC First Bank Limited Banks 0.79

Punjab National Bank Banks 0.75

Equity & Equity


Net Current


Grand Total 100.00Portfolio Turnover:

Tracking Error:

38.49%

0.07%


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

KOTAK BANKING ETF

An open-ended scheme replicating/ tracking nifty bank index



PORTFOLIO


Product Label

Riskometer

Kotak Banking ETF NAV as on March 29, 2019: ̀ 310.827*For Fund Manager experience, please refer page 60-61. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 53-59. For last three dividends, please refer page no 62-64.


51


AAUM: `6,667.67 crs

AUM: `7,047.53 crs

Benchmark: Nifty Bank Index


Folio count: 2,259

Banks Net Current Assets

99.94 0.06

Investment ObjectiveThe investment objective of the scheme is to provide returns that closely correspond to the total returns of Nifty PSU Bank Index, subject to tracking errors. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.


Ratios




7

Portfolio Turnover:

Tracking Error:

278.91%

0.28%





Bank Of Baroda Banks 16.89

Punjab National Bank Banks 13.51

Canara Bank Banks 9.69

Union Bank Of India Banks 6.03

Bank of India Banks 5.18

Indian Bank Banks 3.96

Oriental Bank of Commerce Banks 2.81

Syndicate Bank Banks 2.73

Allahabad Bank. Banks 2.51

Central Bank Of India Banks 2.16

The Jammu and

Kashmir Bank Ltd. Banks 2.01

Equity & Equity


Net Current


Grand Total 100.00

KOTAK PSU BANK ETF

An open-ended scheme replicating/ tracking nifty PSU bank index


AAUM: `131.09 crs

AUM: `154.01 crs

Benchmark: Nifty PSU Bank Index


Folio count: 2,156



PORTFOLIO



yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Product Label

Riskometer

Kotak PSU Bank ETF NAV as on March 29, 2019: ̀ 331.4081*For Fund Manager experience, please refer page 60-61. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 53-59. For last three dividends, please refer page no 62-64.


52

Banks Net Current Assets

99.42 0.58

Scheme Inception date is 27/07/2005. Mr. Deepak Gupta has been managing the fund since 01/01/2017.Different plans have different expense structure. The performance details provided herein are of regular plan ^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. Kotak Classic Equity is renamed as Kotak India EQ Contra Fund with effect from 1st June 2018.TRI � Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI).

Kotak India EQ Contra Fund - Growth

Nifty 100 TRI# Nifty 50 TRI## Kotak India EQ ContraFund - Growth

Nifty 100 TRI# Nifty 50 TRI##

Scheme Inception date is 09/09/2004. Mr. Harsha Upadhyaya has been managing the fund since 04/08/2012.Different plans have different expense structure. The performance details provided herein are of regular plan ^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. $ With the effect from 1st June 2018 Benchmark Name is changed to Nifty 200 TRI from Nifty 500 TRI. The above performance is benchmarked to Nifty 200 TRI. Kotak Opportunities is renamed as Kotak Equity Opportunities Fund with effect from 1st June 2018.TRI � Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI).

Kotak Equity Opportunities Fund - Growth

Since Inception 18.67% 15.62% 15.80% 120,801 82,695 84,647

Last 1 Year 8.45% 11.89% 16.40% 10,845 11,189 11,640

Last 3 Years 15.71% 16.01% 16.10% 15,479 15,601 15,637

Last 5 Years 16.90% 14.10% 13.07% 21,822 19,333 18,474

Kotak Equity OpportunitiesFund - Growth Nifty 200 TRI#$ Nifty 50 TRI## Kotak Equity Opportunities

Fund - GrowthNifty 200 TRI#$ Nifty 50 TRI##

Scheme Inception date is 11/09/2009. Mr. Harsha Upadhyaya has been managing the fund since 04/08/2012.Different plans have different expense structure. The performance details provided herein are of regular plan ^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. Kotak Select Focus Fund is renamed as Kotak Standard Multicap Fund with effect from 25th May 2018.TRI � Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI).

Kotak Standard Multicap Fund - GrowthKotak Standard Multicap

Fund - GrowthNifty 200 TRI# Nifty 50 TRI## Kotak Standard Multicap

Fund - GrowthNifty 200 TRI# Nifty 50 TRI##

Since Inception 14.18% 11.16% 10.95% 35,478 27,474 26,976

Last 1 Year 11.47% 11.89% 16.40% 11,147 11,189 11,640

Last 3 Years 17.01% 16.01% 16.10% 16,008 15,601 15,637

Last 5 Years 18.70% 14.10% 13.07% 23,558 19,333 18,474

45

Kotak Tax Saver Scheme - GrowthKotak Tax Saver

Scheme - GrowthNifty 500 TRI# Nifty 50 TRI## Kotak Tax Saver

Scheme - GrowthNifty 500 TRI# Nifty 50 TRI##

Since Inception 11.71% 12.87% 13.22% 43,881 50,365 52,488

Last 1 Year 10.15% 9.70% 16.40% 11,015 10,970 11,640

Last 3 Years 14.99% 15.88% 16.10% 15,193 15,546 15,637

Last 5 Years 17.03% 14.42% 13.07% 21,945 19,604 18,474Scheme Inception date is 23/11/2005. Mr. Harsha Upadhyaya has been managing the fund since 25/08/2015.Different plans have different expense structure. The performance details provided herein are of regular plan ^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark.TRI � Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI).

Since Inception 12.92% 14.18% 13.91% 52,684 61,351 59,379

Last 1 Year 11.57% 13.92% 16.40% 11,157 11,392 11,640

Last 3 Years 17.25% 16.20% 16.10% 16,107 15,678 15,637

Last 5 Years 14.47% 13.81% 13.07% 19,646 19,089 18,474

Kotak India EQ ContraFund - Growth

53

Kotak Bluechip Fund Nifty 50 TRI# S&P BSE SENSEX TRI## Kotak Bluechip Fund Nifty 50 TRI# S&P BSE SENSEX TRI##

Kotak Bluechip Fund

Scheme Performances as on March 29, 2019

Since Inception 20.17% 17.64% 17.71% 194,754 138,095 139,365

Last 1 Year 9.15% 16.40% 18.71% 10,915 11,640 11,871

Last 3 Years 12.29% 16.10% 16.64% 14,149 15,637 15,857

Last 5 Years 13.95% 13.07% 13.12% 19,201 18,474 18,518

Scheme Inception date is 29/12/1998. Mr. Harish Krishnan has been managing the fund since 01/01/2014 Different plans have different expense structure. The performance details provided herein are of regular plan^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR(Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. Kotak Mahindra 50 unit scheme is renamed as Kotak Bluechip Fund with effect from 25th May 2018.TRI Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead ofPrice Return Variant (PRI).As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007.Since Inception date of Kotak Bluechip Fund- Dividend plan is 29/12/1998

46

Scheme Inception date is 30/03/2007. Mr. Pankaj Tibrewal has been managing the fund since 27/05/2010.Different plans have different expense structure. The performance details provided herein are of regular plan ^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. $ With Effect from 25th May 2018, the Benchmark is changed to Nifty Midcap 100TRI � Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI).

Kotak Small Cap Fund - Growth

Kotak Small Cap Fund -Growth

Nifty SmallCap 50 TRI#$ Nifty 50 TRI## Kotak Small Cap Fund -

GrowthNifty Small

Cap 50 TRI#$ Nifty 50 TRI##

Since Inception 15.04% NA 14.50% 72,066 NA 67,502

Last 1 Year -6.68% -17.58% 16.40% 9,332 8,242 11,640

Last 3 Years 11.47% 7.96% 16.10% 13,842 12,577 15,637

Last 5 Years 18.47% 11.17% 13.07% 23,331 16,974 18,474

Scheme Inception date is 24/02/2005. Mr. Pankaj Tibrewal has been managing the fund since 21/01/2010.Different plans have different expense structure. The performance details provided herein are of regular plan ^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. $ With Effect from 25th May 2018, the Benchmark is changed to Nifty Small Cap 50 TRI.Kotak Midcap is renamed as Kotak Small Cap Fund with effect from 25th May 2018TRI � Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI).

Kotak EmergingEquity - Growth

Nifty Midcap 100#$ Nifty 50 TRI## Kotak EmergingEquity - Growth

Nifty 50 TRI##Nifty Midcap 100 TRI#$

Since Inception 11.98% 13.12% 11.01% 38,903 43,911 35,055

Last 1 Year -0.23% -1.85% 16.40% 9,977 9,815 11,640

Last 3 Years 15.65% 13.90% 16.10% 15,456 14,765 15,637

Last 5 Years 22.61% 17.50% 13.07% 27,695 22,389 18,474

Kotak Emerging Equity - Growth

Kotak Infrastructure and Economic Reform Fund - Growth

Kotak Infrastructure andEconomic Reform Fund - Growth

India Infrastructure Index(Customised Index by IISL)#$ Nifty 50 TRI## Kotak Infrastructure and

Economic Reform Fund - GrowthNifty 50 TRI##India Infrastructure Index

(Customised Index by IISL)#$

Since Inception 6.42% 0.12% 8.81% 19,945 10,139 25,511

Last 1 Year -6.26% -3.86% 16.40% 9,374 9,614 11,640

Last 3 Years 10.52% 8.29% 16.10% 13,493 12,693 15,637

Last 5 Years 15.66% 6.39% 13.07% 20,692 13,630 18,474Scheme Inception date is 25/02/2008. Mr. Harish Krishnan has been managing the fund since 01/02/2015.Different plans have different expense structure. The performance details provided herein are of regular plan ^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. $ With Effect from 25th May 2018, the Benchmark is changed to India Infrastructure Index (Customised Index by IISL)TRI � Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI).

Scheme Inception date is 25/11/1999. Mr. Abhishek Bisen has been managing the fund since 15/04/2008. Mr. Pankaj Tibrewal has been managing the fund since 25/08/2015.Different plans have different expense structure. The performance details provided herein are of regular plan ^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. $ With Effect from 25th May 2018, the Benchmark is changed to Nfty 50 Hybrid Composite Debt 70:30 Index TRI. Kotak Balance is renamed as kotak Equity Hybrid with effect from 25th May 2018TRI � Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI).The debt component of the index is TRI since inception. For equity component of the index, as TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006

Kotak Equity Hybrid

Kotak Equity HybridNIFTY 50 Hybrid Composite

Debt 70:30 Index#$ Nifty 50 TRI## Kotak Equity Hybrid Nifty 50 TRI##

Since Inception 7.76% 9.02% 9.18% 13,890 14,618 14,713

Last 1 Year 3.27% 13.59% 16.40% 10,327 11,359 11,640

Last 3 Years 10.61% 13.61% 16.10% 13,525 14,654 15,637

NIFTY 50 Hybrid CompositeDebt 70:30 Index#$

54

Kotak Equity Hybrid

Kotak Equity HybridNIFTY 50 Hybrid Composite

Debt 70:30 Index#$ Nifty 50 TRI## Kotak Equity Hybrid Nifty 50 TRI##

Since Inception -3.76% 8.62% 12.59% 9,587 10,954 11,395

Last 1 Year -3.46% 11.89% 16.40% 9,654 11,189 11,640

NIFTY 50 Hybrid CompositeDebt 70:30 Index#$

Scheme Inception date is 20/02/2018. Different plans have different expense structure. The performance details provided herein are of regular plan ^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer.# Name of Scheme Benchmark. ## Name of Additional Benchmark.

55

Kotak Equity Savings Fund - Growth

Kotak Equity SavingsFund - Growth

75% NIFTY 50 ARBITRAGE+ 25% Nifty 50 TRI#

Nifty 50 TRI## Nifty 50 TRI##Kotak Equity SavingsFund - Growth

75% NIFTY 50 ARBITRAGE+ 25% Nifty 50 TRI#

Since Inception 8.17% 7.26% 10.44% 14,196 13,669 15,571

Last 1 Year 7.55% 8.17% 16.40% 10,755 10,817 11,640

Last 3 Years 9.00% 8.02% 16.10% 12,945 12,599 15,637

Scheme Inception date is 13/10/2014. Mr. Deepak Gupta has been managing the fund since 17/09/2014. Mr. Abhishek Bisen has been managing the fund since 17/09/2014.

Different plans have different expense structure. The performance details provided herein are of regular plan

^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark.

TRI � Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI).

Scheme Inception date is 14/07/2003. Mr. Deepak Agrawal has been managing the fund since 01/11/2006.Different plans have different expense structure. The performance details provided herein are of regular plan ^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark.$ With Effect from 1st June 2018, the Benchmark is changed to Nifty Money Market Index from Crisil Liquid Fund. The above performance is benchmarked to NIFTY Money Market Index. Kotak Floater Short Term is renamed as Kotak Money Market Scheme with effect from 1st June 2018The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark.

Kotak Money Market Scheme - Growth

Kotak Money MarketScheme - Growth

NIFTY MoneyMarket Index#$ CRISIL 1 Year TBill##

NIFTY MoneyMarket Index#$ CRISIL 1 Year TBill##

Kotak Money MarketScheme - Growth

Since Inception 7.41% 7.64% 6.04% 30,756 31,797 25,127

Last 1 Year 8.12% 7.54% 7.32% 10,812 10,754 10,732

Last 3 Years 7.42% 7.30% 6.81% 12,390 12,350 12,181

Last 5 Years 7.91% 7.86% 7.37% 14,629 14,593 14,265

Kotak Savings Fund - Growth

Kotak Savings Fund -Growth

NIFTY Ultra ShortDuration Debt Index#$ CRISIL 1 Year TBill## NIFTY Ultra Short

Duration Debt Index#$CRISIL 1 Year TBill##

Kotak Savings Fund -Growth

Since Inception 7.79% 8.20% 6.16% 29,960 31,678 23,979

Last 1 Year 7.83% 8.19% 7.36% 10,783 10,819 10,736

Last 3 Years 7.47% 7.67% 6.81% 12,407 12,477 12,181

Last 5 Years 8.02% 8.13% 7.37% 14,703 14,779 14,265

Kotak Mahindra Liquid Scheme - Regular Plan - Growth

Kotak Liquid - Regular Plan -Growth

NIFTY Liquid Index#$ CRISIL 1 Year TBill##Kotak Liquid - Regular Plan -

GrowthNIFTY Liquid Index#$ CRISIL 1

Year TBill##

Since Inception 7.44% 7.46% 6.05% 30,233 30,301 24,738

Last 1 Year 7.40% 7.39% 7.36% 10,740 10,739 10,736

Last 3 Years 7.12% 7.03% 6.81% 12,292 12,260 12,185

Last 5 Years 7.70% 7.59% 7.37% 14,496 14,420 14,270

Scheme Inception date is 04/11/2003. Mr. Deepak Agrawal has been managing the fund since 01/05/2007.Different plans have different expense structure. The performance details provided herein are of regular plan ^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. $ With Effect from 1st June 2018, the Benchmark is changed to Nifty Liquid Fund Index from Crisil Liquid Fund. The above performance is benchmarked to Nifty Liquid IndexThe performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark.

Scheme Inception date is 13/08/2004. Mr. Deepak Agrawal has been managing the fund since 01/04/2008.Different plans have different expense structure. The performance details provided herein are of regular plan ^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. $ With Effect from 1st June 2018, the Benchmark is changed to NIFTY Ultra Short Duration Debt Index from Crisil Liquid Fund. The above performance is benchmarked to NIFTY Ultra Short Duration Debt Index. Kotak Treasury Advantage Fund is renamed as Kotak Savings Fund with effect from 1st June 2018The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark.

Kotak Equity Arbitrage Fund - Growth


Last 1 Year 6.10% 5.35% 16.40% 10,610 10,535 11,640

Last 3 Years 6.20% 5.27% 16.10% 11,975 11,664 15,637

Last 5 Years 6.85% 6.27% 13.07% 13,924 13,550 18,474

Kotak Equity ArbitrageFund - Growth

Nifty 50 ArbitrageIndex#

Nifty 50 TRI## Nifty 50 TRI##Kotak Equity ArbitrageFund - Growth

Nifty 50 ArbitrageIndex#

Scheme Inception date is 29/09/2005. Mr. Deepak Gupta has been managing the fund since 01/09/2008.Different plans have different expense structure. The performance details provided herein are of regular plan ^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark.TRI � Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI).

Scheme Inception date is 06/03/2008. Mr. Deepak Agrawal has been managing the fund since 01/02/2015.Different plans have different expense structure. The performance details provided herein are of regular plan ^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. $ With Effect from 1st June 2018, the Benchmark is changed to NIFTY Low Duration Debt Index from Crisil Liquid Fund. The above performance is benchmarked to NIFTY Low Duration Debt Index.The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark.

Scheme Inception date is 02/05/2002. Mr. Deepak Agrawal has been managing the fund since 11/07/2007.Different plans have different expense structure. The performance details provided herein are of regular plan ^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark.$ With Effect from 1st June 2018, the Benchmark is changed to NIFTY Short Duration Debt Index from Crisil Short Term Bond Fund Index. The above performance is benchmarked to NIFTY Short Duration Debt Index.The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark.

Scheme Inception date is 26/05/2008. Mr. Deepak Agrawal has been managing the fund since 25/11/2012.Different plans have different expense structure. The performance details provided herein are of regular plan ^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. $ With Effect from 1st June 2018, the Benchmark is changed to Nifty Composite Debt Index from Crisil Composite Bond Fund Index. The above performance is benchmarked to NIFTY Composite Debt Index. Kotak Flexi Debt Fund is renamed as Kotak Dynamic Bond Fund with effect from 1st June 2018The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark.

Kotak Low Duration Fund - Growth

Kotak Low Duration Fund -Growth

NIFTY Low DurationDebt Index#$ CRISIL 1 Year TBill##

NIFTY Low DurationDebt Index#$ CRISIL 1 Year TBill##

Kotak Low Duration Fund -Growth

Since Inception 7.75% 8.51% 6.54% 22,854 24,690 20,169

Last 1 Year 7.69% 7.72% 7.36% 10,769 10,772 10,736

Last 3 Years 7.87% 7.52% 6.81% 12,546 12,424 12,181

Last 5 Years 8.48% 8.06% 7.37% 15,016 14,732 14,265

Kotak Bond Short Term Plan - GrowthKotak Bond Short Term Plan -

GrowthNIFTY Short Duration

Debt Index#$CRISIL 1 Year TBill## CRISIL 1 Year TBill##

Kotak Bond Short Term Plan -Growth

NIFTY Short DurationDebt Index#$

Since Inception 7.65% 7.86% 6.06% 34,824 35,991 27,056

Last 1 Year 7.39% 7.39% 7.36% 10,739 10,739 10,736

Last 3 Years 7.33% 7.61% 6.81% 12,359 12,456 12,181

Last 5 Years 7.96% 8.26% 7.37% 14,661 14,864 14,265

Kotak Dynamic Bond Fund - Growth

Kotak Dynamic BondFund - Growth

NIFTY CompositeDebt Index#$ CRISIL 1 Year TBill## CRISIL 1 Year TBill##

Kotak Dynamic BondFund - Growth

NIFTY CompositeDebt Index#$

Since Inception 8.51% 8.19% 6.54% 24,260 23,481 19,885

Last 1 Year 8.85% 6.62% 7.36% 10,885 10,662 10,736

Last 3 Years 8.74% 7.41% 6.81% 12,854 12,386 12,181

Last 5 Years 8.95% 8.77% 7.37% 15,347 15,222 14,265

Scheme Inception date is 11/05/2010. Mr. Deepak Agrawal has been managing the fund since 12/04/2010.Different plans have different expense structure. The performance details provided herein are of regular plan ^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. $ With Effect from 1st June 2018, the Benchmark is changed to CRISIL Composite AA Short Term Bond Index from Crisil Short Term Bond Fund Index. The above performance is benchmarked to CRISIL Composite AA Short Term Bond Index. Kotak Income Opportunities Fund is renamed as Kotak Credit Risk Fund with effect from 1st June 2018The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark.

Kotak Credit Risk Fund - GrowthKotak Credit Risk Fund -

GrowthCRISIL Composite AA

Short Term Bond Index#$ CRISIL 1 Year TBill## CRISIL 1 Year TBill##Kotak Credit Risk Fund -

GrowthCRISIL Composite AA

Short Term Bond Index#$

Since Inception 8.31% 8.96% 6.83% 20,335 21,439 17,994

Last 1 Year 6.36% 8.01% 7.36% 10,636 10,801 10,736

Last 3 Years 7.64% 8.52% 6.81% 12,466 12,774 12,181

Last 5 Years 8.55% 9.05% 7.37% 15,064 15,417 14,265

56

Kotak Banking and PSU Debt Fund - Growth

Kotak Banking and PSU DebtFund - Growth

CRISIL Banking andPSU Debt Index#$ CRISIL 1 Year TBill##

CRISIL Banking andPSU Debt Index#$ CRISIL 1 Year TBill##

Kotak Banking and PSU DebtFund - Growth


Last 1 Year 7.59% 7.24% 7.36% 10,759 10,724 10,736

Last 3 Years 7.82% 8.07% 6.81% 12,531 12,616 12,181

Last 5 Years 8.20% 9.02% 7.37% 14,826 15,395 14,265

Scheme Inception date is 29/12/1998. Mr. Deepak Agrawal has been managing the fund since 01/08/2008.Different plans have different expense structure. The performance details provided herein are of regular plan ^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. $ With Effect from 1st June 2018, the Benchmark is changed to CRISIL Banking and PSU Debt Index from Crisil Short Term Bond Fund Index. The above performance is benchmarked to CRISIL Banking and PSU Debt Index.The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark.

57

Scheme Inception date is 21/03/2014. Mr. Deepak Agrawal has been managing the fund since 22/06/2015.Different plans have different expense structure. The performance details provided herein are of regular plan ^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. $ With Effect from 1st June 2018, the Benchmark is changed to NIFTY Medium Duration Debt Index from Crisil Composite Bond Fund Index. The above performance is benchmarked to NIFTY Medium Duration Debt Index.The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark.

Kotak Medium Term Fund - Regular Plan - Growth

Kotak Medium Term Fund -Regular Plan - Growth

NIFTY Medium DurationDebt Index#$ CRISIL 10 Year Gilt##

Kotak Medium Term Fund -Regular Plan - Growth

NIFTY Medium DurationDebt Index#$ CRISIL 10 Year Gilt##

Since Inception 8.80% 8.70% 8.04% 15,277 15,206 14,748

Last 1 Year 5.89% 6.76% 6.82% 10,589 10,676 10,682

Last 3 Years 7.58% 7.56% 5.99% 12,446 12,438 11,902

Last 5 Years 8.73% 8.64% 8.05% 15,195 15,130 14,724

Scheme Inception date is 25/11/1999. Mr. Abhishek Bisen has been managing the fund since 01/04/2008.Different plans have different expense structure. The performance details provided herein are of regular plan ^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. $ With Effect from 1st June 2018, the Benchmark is changed to Nifty Medium to Long Duration Debt Index from Crisil Composite Bond Fund Index. The above performance is benchmarked to Nifty Medium to Long Duration Debt Index. Kotak Mahindra Bond Unit Scheme 99 is renamed as Kotak Bond with effect from 1st June 2018.The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark.

Kotak Bond - Regular Plan - Growth

Kotak Bond - RegularPlan - Growth

NIFTY Medium to LongDuration Debt Index#$ CRISIL 10 Year Gilt##

Kotak Bond - RegularPlan - Growth

NIFTY Medium to LongDuration Debt Index#$ CRISIL 10 Year Gilt##

Since Inception 8.76% NA NA 50,807 NA NA

Last 1 Year 6.85% 5.69% 6.82% 10,685 10,569 10,682

Last 3 Years 6.52% 7.15% 5.99% 12,083 12,296 11,902

Last 5 Years 8.08% 8.72% 8.05% 14,746 15,186 14,724

Scheme Inception date is 29/12/1998. Mr. Abhishek Bisen has been managing the fund since 15/04/2008.Different plans have different expense structure. The performance details provided herein are of regular plan ^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. $ With Effect from 1st June 2018, the Benchmark is changed to Nifty All Duration G-Sec Index from ISEC Composite Index. The above performance is benchmarked to Nifty all Duration G-sec Index.The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark.

Kotak Mahindra Gilt Unit Scheme 98 - Investment Paln - Regular - Growth

Kotak Gilt - Investment -Regular - Growth

NIFTY All DurationG-Sec Index#$ CRISIL 10 Year Gilt## CRISIL 10 Year Gilt##

Kotak Gilt - Investment -Regular - Growth

NIFTY All DurationG-Sec Index#$

Since Inception 9.50% NA NA 62,900 NA NA

Last 1 Year 7.97% 8.95% 6.82% 10,797 10,895 10,682

Last 3 Years 7.58% 7.38% 5.99% 12,447 12,377 11,902

Last 5 Years 9.24% 8.77% 8.05% 15,556 15,222 14,724

Scheme Inception date is 11/11/2003. Mr. Abhishek Bisen has been managing the fund since 15/04/2008.Different plans have different expense structure. The performance details provided herein are of regular plan ^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. $ With Effect from 1st June 2018, the Benchmark is changed to Nifty All Duration G-Sec Index from ISEC Composite Index.The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark.

Kotak Mahindra Gilt Unit Scheme 98 - Investment Paln - PF and Trust - Growth

Kotak Gilt - Investment - PFand Trust - Growth CRISIL 10 Year Gilt## CRISIL 10 Year Gilt##

Kotak Gilt - Investment - PFand Trust - Growth

Since Inception 7.34% 5.67% 5.38% 29,751 23,366 22,400

Last 1 Year 7.97% 8.95% 6.82% 10,797 10,895 10,682

Last 3 Years 7.58% 7.38% 5.99% 12,447 12,377 11,902

Last 5 Years 9.27% 8.77% 8.05% 15,575 15,222 14,724



Kotak Corporate Bond Fund - Growth

Scheme Inception date is 21/09/2007. Mr. Deepak Agrawal has been managing the fund since 01/02/2015.Different plans have different expense structure. The performance details provided herein are of regular plan ^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. $ With Effect from 1st June 2018, the Benchmark is changed to CRISIL Corporate Bond Fund Index from Crisil Composite Bond Fund Index. The above performance is benchmarked to CRISIL Corporate Bond Fund Index.The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark.

Kotak Corporate BondFund - Growth

CRISIL CorporateBond Composite Index#$

CRISIL 1 Year TBill##

Since Inception 8.16% 9.30% 6.50% 24,699 27,881 20,666

Last 1 Year 8.25% 5.79% 7.36% 10,825 10,579 10,736

Last 3 Years 8.06% 7.82% 6.81% 12,611 12,529 12,181

Last 5 Years 9.05% 9.07% 7.37% 15,426 15,440 14,274

CRISIL 1 Year TBill##Kotak Corporate Bond

Fund - GrowthCRISIL Corporate

Bond Composite Index#$

Scheme Inception date is 09/08/2004. Mr. Deepak Gupta has been managing the fund since 01/09/2008.Different plans have different expense structure. The performance details provided herein are of regular plan ^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. $ With Effect from 1st June 2018, the Benchmark is changed to NIFTY 50 Hybrid Composite Debt 50:50 Index from Crisil Hybrid 35+65 Aggressive Index.TRI � Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI).The debt component of the index is TRI since inception. For equity component of the index, as TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006

Kotak Asset Allocator Fund - GrowthKotak Asset Allocator

Fund - GrowthNIFTY 50 Hybrid Composite

Debt 50:50 Index #$S&P BSE SENSEX

TRI##Kotak Asset Allocator

Fund - GrowthNIFTY 50 Hybrid Composite

Debt 50:50 Index #$S&P BSE SENSEX

TRI##Since Inception 15.30% 12.10% 15.95% 80,411 53,273 87,300

Last 1 Year 6.30% 11.65% 18.71% 10,630 11,165 11,871

Last 3 Years 9.56% 11.89% 16.64% 13,143 14,000 15,857

Last 5 Years 12.86% 11.13% 13.12% 18,302 16,948 18,518

Scheme Inception date is 20/12/2013. Mr. Deepak Gupta has been managing the fund since 01/02/2015.




Kotak US Equity Fund - Growth

Kotak US Equity Fund -Growth

S&P 500 International TotalReturn Net Index#

Nifty 50 TRI## Kotak US Equity Fund -Growth

S&P 500 International TotalReturn Net Index#

Nifty 50 TRI##

Since Inception 9.61% 13.44% 13.80% 16,225 19,447 19,772

Last 1 Year 11.35% 18.08% 16.40% 11,135 11,808 11,640

Last 3 Years 11.28% 15.33% 16.10% 13,773 15,327 15,637

Last 5 Years 10.25% 14.21% 13.07% 16,285 19,424 18,474

Scheme Inception date is 26/09/2007. Mr. Abhishek Bisen has been managing the fund since 04/04/2011.




Kotak Global Emerging Market Fund - Growth

Kotak Global EmergingMarket Fund - Growth

MSCI Emerging Marketindex#

Nifty 50 TRI## Nifty 50 TRI##Kotak Global EmergingMarket Fund - Growth

MSCI Emerging Marketindex#

Since Inception 3.72% 3.96% 8.99% 15,234 15,643 26,928

Last 1 Year -9.47% -3.14% 16.40% 9,053 9,686 11,640

Last 3 Years 6.50% 9.86% 16.10% 12,075 13,252 15,637

Last 5 Years 2.01% 4.25% 13.07% 11,046 12,314 18,474





Kotak World Gold Fund - Growth

Kotak World Gold Fund -Growth

Financial Times Gold MinesTotal - Price#

Nifty 50 TRI## Nifty 50 TRI##Kotak World Gold Fund -Growth

Financial Times Gold MinesTotal - Price#

Since Inception -2.04% -1.14% 10.21% 8,001 8,836 28,616

Last 1 Year -3.09% 9.55% 16.40% 9,691 10,955 11,640

Last 3 Years -1.57% 5.24% 16.10% 9,539 11,652 15,637

Last 5 Years -3.67% 3.75% 13.07% 8,295 12,022 18,474

58

Kotak Debt Hybrid

Scheme Inception date is 02/12/2003. Mr. Abhishek Bisen has been managing the fund since 01/04/2008. Mr. Devender Singhal has been managing the fund since 25/08/2015.Different plans have different expense structure. The performance details provided herein are of regular plan ^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. $With Effect from 25th May 2018, the Benchmark is changed to Crisil Hybrid 85+15- Conservative Index TRI. Kotak Monthly Income Plan is renamed as Kotak Debt Hybrid with effect from 25th May 2018.TRI � Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI).The debt component of the index is TRI since inception. For equity component of the index, as TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006

Kotak Debt Hybrid CRISIL Hybrid 85 +15 - Conservative Index #$ CRISIL 10 Year Gilt##

Since Inception 7.63% 8.23% 5.45% 30,885 33,622 22,558

Last 1 Year 4.24% 7.65% 6.82% 10,424 10,765 10,682

Last 3 Years 8.32% 8.96% 5.99% 12,703 12,930 11,902

Last 5 Years 9.51% 10.01% 8.05% 15,746 16,105 14,724

CRISIL 10 Year Gilt##CRISIL Hybrid 85 +

15 - Conservative Index #$Kotak Debt Hybrid





Kotak Nifty ETF

Kotak Nifty ETF Nifty 50 TRI# S&P BSE SENSEX TRI## Kotak Nifty ETF Nifty 50 TRI# S&P BSE SENSEX TRI##

Since Inception 10.56% 11.62% 11.79% 25,039 27,310 27,700

Last 1 Year 16.24% 16.40% 18.71% 11,624 11,640 11,871

Last 3 Years 14.96% 16.10% 16.64% 15,182 15,637 15,857

Last 5 Years 12.17% 13.07% 13.12% 17,752 18,474 18,518





Kotak Sensex ETF

Kotak Sensex ETF S&P BSE SENSEX TRI# Nifty 50 TRI## Kotak Sensex ETF S&P BSE SENSEX TRI# Nifty 50 TRI##

Since Inception 9.05% 10.34% 10.21% 25,522 28,987 28,616

Last 1 Year 18.47% 18.71% 16.40% 11,847 11,871 11,640

Last 3 Years 15.35% 16.64% 16.10% 15,338 15,857 15,637

Last 5 Years 11.73% 13.12% 13.07% 17,409 18,518 18,474





Kotak Banking ETF

Kotak Banking ETF Nifty Bank TRI# Nifty 50 TRI## Kotak Banking ETF Nifty Bank TRI# Nifty 50 TRI##

Since Inception 12.86% 13.06% 9.34% 16,827 16,954 14,682

Last 1 Year 25.55% 25.83% 16.40% 12,555 12,583 11,640

Last 3 Years 24.14% 24.42% 16.10% 19,107 19,235 15,637





Kotak PSU Bank ETF

Kotak PSU Bank ETF Nifty PSU Bank TRI# Nifty 50 TRI## Nifty 50 TRI##Kotak PSU Bank ETF Nifty PSU Bank TRI#

Since Inception 1.13% 2.81% 7.72% 11,363 13,709 23,334

Last 1 Year 14.86% 15.96% 16.40% 11,486 11,596 11,640

Last 3 Years 9.97% 11.49% 16.10% 13,294 13,851 15,637

Last 5 Years 2.82% 4.76% 13.07% 11,492 12,613 18,474

59

Scheme Inception date is 27/07/2007. Mr. Abhishek Bisen has been managing the fund since 15/04/2008.Different plans have different expense structure. The performance details provided herein are of regular plan ^Past performance may or may not be sustained in future.*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. $ With Effect from 25th May 2018, the Benchmark is changed to Price of Gold, based on the formula prescribed by SEBI as per Gazette Notification dated December 20, 2006TRI � Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI).

Kotak Gold ETF

Kotak Gold Fund -Growth Price of Gold#$ CRISIL 10 Year Gilt## Kotak Gold Fund -

Growth Price of Gold#$ CRISIL 10 Year Gilt##

Since Inception 10.40% 11.57% 6.54% 31,743 35,906 20,965

Last 1 Year 1.39% 2.41% 6.82% 10,139 10,241 10,682

Last 3 Years 1.41% 2.47% 5.99% 10,429 10,759 11,902

Last 5 Years 1.43% 2.52% 8.05% 10,737 11,327 14,724

Kotak Bluechip Fund - Growth (Erstwhile Kotak 50), *Name of the Benchmark - Nifty 50 TRI, Scheme Inception date is 29/12/1998. Mr. Harish Krishnan has been managing the fund since 15/11/2013.Kotak Infrastructure and Economic Reform Fund - Growth, *Name of the Benchmark - India Infrastructure Index (Customised Index by IISL), Scheme Inception date is 25/02/2008. Mr. Harish Krishnan has been managing the fund since 31/01/2015.

Scheme Names

Kotak Emerging Equity - Growth

Kotak Small Cap Fund - Growth

Kotak Equity Hybrid - Dividend

1 YEAR 3 YEAR 5 YEAR Since Inception

SchemeReturns(%)^

BenchmarkReturns (%)^*

SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


Scheme Names

Kotak Sensex ETFKotak NV20 ETF

Kotak Banking ETF


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


Kotak World Gold Fund - Growth


Top 3

Bottom 3

ABOUT OUR FUND MANAGERSName: Mr. Harsha UpadhyayaMr. Harsha Upadhyaya manages 3 funds of Kotak Mahindra Mutual Fund. Different plans shall have a different expense structure. The performance details provided herein are of regular plan.Kotak Equity Opportunities Fund (Aug 4, �12), Kotak Standard Multicap Fund (Aug 4, �12), Kotak Tax Saver (Aug. 25,'15).Business ExperienceMr. Harsha has nearly two decades of rich experience spread over Equity Research and Fund Management. His prior stints have been with companies such as DSP BlackRock, UTI Asset Management, Reliance Group and SG Asia Securities. Mr. Harsha is a Bachelor of Engineering (Mechanical) from National Institute of Technology, Suratkal, a Post Graduate in Management (Finance) from Indian Institute of Management, Lucknow and Chartered Financial Analyst from the CFA Institute.

Name: Mr. Harish KrishnanMr. Harish Krishnan manages 4 funds of Kotak Mahindra Mutual Fund. Different plans shall have a different expense structure. The performance details provided herein are of regular plan.Kotak Bluechip Fund (Jan 01, �14), Kotak Infrastructure & Economic Reform Fund (Jan31,'15), Kotak India Growth Fund Series 5 (May15,�18), Kotak Balanced Advantage Fund (July13,�18)Business ExperienceMr. Harish has a decade of experience spread over Equity Research and Fund Management. Prior to joining Kotak Mutual Fund, he was based out of Singapore and Dubai, managing Kotak's offshore funds. Mr. Harish has also worked at Infosys Technologies Ltd in his earlier stint. He is a Bachelor of Technology (Electronics & Communications) from Government Engineering College, Trichur, a post Graduate in Management from Indian Institute of Management, Kozhikode and a Chartered Financial Analyst from the CFA Institute.

Name: Mr. Pankaj TibrewalMr. Pankaj Tibrewal manages 3 funds of Kotak Mahindra Mutual Fund. Different plans shall have a different expense structure. The performance details provided herein are of regular plan.Kotak Small Cap Fund (Jan. 21,�10) , Kotak Emerging Equity (May 27,'10), Kotak Equity Hybrid (Aug. 25,'15)Business ExperienceMr. Pankaj is a graduate in Commerce from St. Xavier's College, Kolkata and holds a Master's degree in Finance from Manchester University. He has been associated with the mutual fund industry since 2003 where he has managed several debt and equity schemes. He has been a part of the organization since January 2010. Mr. Pankaj's earlier stint was with Principal Mutual Fund.

Scheme Names

Kotak Tax Saver Scheme - Growth

Kotak Equity Opportunities Fund - Growth

Kotak Standard Multicap Fund - Growth


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


Kotak Standard Multicap Fund - Growth (Erstwhile Kotak Select Focus Fund), *Name of the Benchmark - Nifty 200 TRI, Scheme Inception date is 11/09/2009. Mr . Harsha Upadhyaya has been managing the fund since 04/08/2012.Kotak Tax Saver Scheme - Growth, *Name of the Benchmark - Nifty 500 TRI, Scheme Inception date is 23/11/2005. Mr. Harsha Upadhyaya has been managing the fund since 25/08/2015.Kotak Equity Opportunities Fund - Growth (Erstwhile Kotak Opportunities), *Name of the Benchmark - Nifty 200 TRI, Scheme Inception date is 09/09/2004. Mr. Harsha Upadhyaya has been managing the fund since 04/08/2012.

Kotak Equity Hybrid - Growth (Erstwhile Kotak Balance), *Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 70:30 Index, Scheme Inception date is 25/11/1999. Mr. Pankaj Tibrewal has been managing the fund since 25/08/2015. Mr. Abhishek Bisen has been managing the fund since 15/04/2008. Kotak Emerging Equity - Growth, *Name of the Benchmark - Nifty Midcap 100 TRI, Scheme Inception date is 30/03/2007. Mr. Pankaj Tibrewal has been managing the fund since 27/05/2010. Kotak Smallcap Fund - Growth (Erstwhile Kotak Midcap), *Name of the Benchmark - NIFTY Smallcap 50 TRI, Scheme Inception date is 24/02/2005. Mr. Pankaj Tibrewal has been managing the fund since 21/01/2010.

Name: Mr. Deepak GuptaMr. Deepak Gupta manages 14 funds and all Kotak Capital Protection Oriented Scheme series all of Kotak Mahindra Mutual Fund. Different plans shall have a different expense structure. The performance details provided herein are of regular plan.Kotak Equity Arbitrage (Sept.1,�08), Kotak Asset Allocator Fund (Sept.1,�08), Kotak Global Emerging Market Fund (Apr.4,�11), (Dedicated fund manager for over seas investment), Kotak Equity Hybrid (Aug. 25,'15), Kotak Equity Savings Fund (Oct. 13, '14), Kotak World Gold Fund (Jan.31,�15), Kotak US Equity Fund (Jan.31,�15), Kotak PSU Bank ETF (Nov. 8, �07), Kotak SENSEX ETF (Jun. 6, �08), Kotak NIFTY ETF (Feb. 8, �10), Kotak Banking ETF (Dec. 11, �14), Kotak India EQ Contra Fund (Jan. 1, '17), Kotak Balanced Advantage Fund (July13,�18)Business ExperienceMr. Deepak has almost 10 years of experience in the mutual fund industry. He had joined the Equity Fund Management team as a research analyst. He is now an Equity Fund Manager. Mr. Deepak is a Graduate in Commerce from Mumbai University. He is a qualified Chartered Accountant, a Cost Accountant and has cleared the AIMR CFA Level 3.

Scheme Names

Kotak Infrastructure and Economic Reform Fund - Growth

Kotak Bluechip Fund - Growth


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


3.27 13.59 10.61 13.61 NA NA 7.76 9.02

-0.23 -1.85 15.65 13.90 22.61 17.50 11.98 13.12

-6.68 -17.58 11.47 7.96 18.47 11.17 15.04 NA

25.55 25.83 24.14 24.42 NA NA 12.86 13.06

25.12 25.40 17.85 18.21 NA NA 17.75 16.24

18.47 18.71 15.35 16.64 11.73 13.12 9.05 10.34

6.10 5.35 6.20 5.27 6.85 6.27 7.45 NA

-3.09 9.55 -1.57 5.24 -3.67 3.75 -2.04 -1.14

-9.47 -3.14 6.50 9.86 2.01 4.25 3.72 3.96

60

Kotak Equity Arbitrage Fund - Growth

Kotak India Growth Fund Series 5 Since KIG 5 & Kotak Balanced Advantage Fund has not yet completed 1 year from Inception, the performance of the scheme is not disclosed.Kotak Balanced Advantage Fund

9.15 16.40 12.29 16.10 13.95 13.07 20.17 17.64

-6.26 -3.86 10.52 8.29 15.66 6.39 6.42 0.12

11.47 11.89 17.01 16.01 18.70 14.10 14.18 11.16

10.15 9.70 14.99 15.88 17.03 14.42 11.71 12.87

8.45 11.89 15.71 16.01 16.90 14.10 18.67 15.62

Kotak Gilt - Investment - Regular - Growth, *Name of the Benchmark -NIFTY All Duration G-Sec Index, Scheme Inception date is 29/12/1998. Mr. Abhishek Bisen has been managing the fund since 15/04/2008.Kotak Equity Savings Fund - Growth, *Name of the Benchmark - 75% NIFTY 50 ARBITRAGE + 25% Nifty 50 TRI, Scheme Inception date is 13/10/2014. Mr. Deepak Gupta has been managing the fund since 17/09/2014. Mr. Abhishek Bisen has been managing the fund since 17/09/2014.Kotak Bond - Regular Plan - Growth, *Name of the Benchmark - NIFTY Medium to Long Duration Debt Index, Scheme Inception date is 25/11/1999. Mr. Abhishek Bisen has been managing the fund since 01/04/2008.Kotak Gold Fund - Growth, *Name of the Benchmark - Price of Gold, Scheme Inception date is 25/03/2011. Mr. Abhishek Bisen has been managing the fund since 04/03/2011.Kotak Gold ETF, *Name of the Benchmark - Price of Gold, Scheme Inception date is 27/07/2007. Mr. Abhishek Bisen has been managing the fund since 01/08/2008.Kotak Global Emerging Market Fund - Growth, *Name of the Benchmark - MSCI Emerging Market index, Scheme Inception date is 26/09/2007. Mr. Deepak Gupta has been managing the fund since 04/04/2011(Dedicated fund manager for overseas investment) and Mr. Abhishek Bisen has been managing the fund since 04/04/2011.

Scheme Names

Kotak Equity Savings Fund - Growth

Kotak Bond - Regular Plan - Growth

Kotak Gilt - Investment - Regular - Growth


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


Top 3

Bottom 3

Kotak Banking ETF, *Name of the Benchmark - Nifty Bank TRI, Scheme Inception date is 10/12/2014. Mr. Deepak Gupta has been managing the fund since 24/11/2014.Kotak NV20 ETF - *Name of the Benchmark Nifty 50 Value 20 TRI, Scheme Inception date is 01/12/2015. Mr. Deepak Gupta has been managing the fund since 08/12/2015.Kotak Sensex ETF, *Name of the Benchmark - S&P BSE SENSEX TRI, Scheme Inception date is 06/06/2008. Mr. Deepak Gupta has been managing the fund since 25/02/2011.Kotak Equity Arbitrage Fund - Growth, *Name of the Benchmark - Nifty 50 Arbitrage Index, Scheme Inception date is 29/09/2005. Mr. Deepak Gupta has been managing the fund since 01/09/2008.Kotak World Gold Fund - Growth, *Name of the Benchmark - Financial Times Gold Mines Total - Price, Scheme Inception date is 06/06/2008. Mr. Deepak Gupta has been managing the fund since 01/02/2015.Kotak Global Emerging Market Fund - Growth, *Name of the Benchmark - MSCI Emerging Market index, Scheme Inception date is 26/09/2007. Mr. Deepak Gupta has been managing the fund since 04/04/2011(Dedicated fund manager for overseas investment) and Mr. Abhishek Bisen has been managing the fund since 04/04/2011.

Name: Mr. Abhishek BisenMr. Abhishek Bisen manages 8 funds and all Kotak Capital Protection Oriented Scheme series of Kotak Mahindra Mutual Fund. Different plans shall have a different expense structure. The performance details provided herein are of regular plan.Kotak Equity Hybrid (Apr. 15, 2008), Kotak Debt Hybrid (Apr. 15, �08), Kotak Bond (Regular Plan) (Apr. 15, �08), Kotak Gilt Investment (Regular & PF-Trust) (Apr. 15, �08), Kotak Equity Savings Fund (Oct. 13, '14), Kotak Gold ETF (Jul. 27, �07), Kotak Gold Fund (Mar. 25, '11), Kotak Balanced Advantage Fund (July13,�18)Business ExperienceMr. Abhishek has been associated with the company since October 2006 and his key responsibilities include fund management of debt schemes. Prior to joining Kotak AMC, Me, Abhishek was working with Securities Trading Corporation Of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. He has been awarded twice as one of the Highly Commended Investors in Indian Rupees Bonds from the Asset magazine Hong Kong. His educational background is B.A (Management) and MBA (Finance).

Name: Mr. Deepak AgrawalMr. Deepak Agrawal manages 11 funds & All FMPs of Kotak Mahindra Mutual Fund. Different plans shall have a different expense structure. The performance details provided herein are of regular plan.

(Kotak Bond Short Term (Apr. 14, �08), Kotak Dynamic Bond Fund (Jul. 11, �07), Kotak Money Market Scheme (Nov. 25, �07), Kotak Liquid (Jul. 11, �12), Kotak Banking and PSU Debt Fund (Apr. 14, �08), Kotak Savings Fund (Jul. 11, �07), Kotak Credit Risk Fund (May 11, '10), Kotak Medium Term Fund (Mar. 21, �14), Kotak Low Duration Fund (Jan. 31, �15), Kotak Corporate Bond Fund (Jan. 31, �15), Kotak Overnight Fund (Jan. 15, 19) All Fixed Maturity Plans in existence (Aug. 13,'15),Business ExperienceMr. Deepak's career has started from Kotak AMC when he joined the organization in December 2002 where he was initially in Research, Dealing and then moved into Fund Management from November 2006. Mr. Deepak is a Post Graduate in Commerce, Chartered Account and Company Secretary.

Scheme Names

Kotak Corporate Bond Fund - Growth

Kotak Dynamic Bond Fund - Growth


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


Kotak Bond Short Term Plan - Growth

Kotak Credit Risk Fund - Growth

Kotak Medium Term Fund - Growth

Top 3

Bottom 3

Kotak Money Market Scheme - Growth

Kotak Dynamic Bond Fund - Growth (Erstwhile Flexi Debt Fund), *Name of the Benchmark - Nifty Composite Debt Index, Scheme Inception date is 26/05/2008. Mr. Deepak Agrawal has been managing the fund since 25/11/2012.Kotak Corporate Bond Fund - Growth, *Name of the Benchmark - CRISIL Corporate Bond Fund Index, Scheme Inception date is 21/09/2007. Mr. Deepak Agrawal has been managing the fund since 01/02/2015.Kotak Money Market Scheme - Growth (Erstwhile Floater - Short Term), *Name of the Benchmark - NIFTY Money Market Index, Scheme Inception date is 14/07/2003. Mr. Deepak Agrawal has been managing the fund since 01/11/2006.Kotak Bond Short Term Plan - Growth, *Name of the Benchmark -NIFTY Short Duration Debt Index, Scheme Inception date is 02/05/2002. Mr. Deepak Agrawal has been managing the fund since 11/07/2007.Kotak Credit Risk Fund - Growth (Erstwhile Kotak Income Opportunities Fund), *Name of the Benchmark - CRISIL Composite AA Short Term Bond Index, Scheme Inception date is 11/05/2010. Mr. Deepak Agrawal has been managing the fund since 12/04/2010.Kotak Medium Term Fund - Regular Plan - Growth, *Name of the Benchmark - NIFTY Medium Duration Debt Index, Scheme Inception date is 21/03/2014. Mr. Deepak Agrawal has been managing the fund since 22/06/2015.

55

Kotak Debt Hybrid - Growth (Erstwhile Kotak Monthly Income Plan), *Name of the Benchmark - CRISIL Hybrid 85+15 - Conservative Index, Scheme Inception date is 02/12/2003. Mr. Abhishek Bisen has been managing the fund since 01/04/2008. Mr. Devender Singhal has been managing the fund since 25/08/2015.

Scheme Names

Kotak Debt Hybrid - Growth


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


Name: Mr. Devender SinghalMr. Devender Singhal manages 3 funds of Kotak Mahindra Mutual Fund. Different plans shall have a different expense structure. The performance details provided herein are of regular plan.Kotak Debt Hybrid - Growth (Aug. 25,�15).Business ExperienceMr. Devender has been associated with the Kotak Group since July 2007. He is responsible for the research coverage of FMCG, Automobiles and Media sectors at Kotak AMC since Feb 2009. Devender has an overall working experience of 14 years in equity research and fund management. Prior to joining Kotak AMC, Devender worked with the PMS divisions of Kotak, Religare, Karvy and P N Vijay Financial Services.

7.97 8.95 7.58 7.38 9.24 8.77 9.5 NA

7.55 8.17 9.00 8.02 NA NA 8.17 7.26

6.85 5.69 6.52 7.15 8.08 8.72 8.76 NA

3.16 2.41 2.08 2.47 0.41 2.52 3.56 5.21

1.39 2.41 1.41 2.47 1.43 2.52 10.4 11.57

-9.47 -3.14 6.5 9.86 2.01 4.25 3.72 3.96

4.24 7.65 8.32 8.96 9.51 10.01 7.63 8.23

-3.46 11.89 NA NA NA NA -3.76 8.62

61

Kotak Gold Fund - Growth

Kotak India Growth Fund Series 4

Since KIG 7 has not yet completed 1 year from Inception, the performance of the scheme is not disclosed.

Kotak Gold ETF


8.85 6.62 8.74 7.41 8.95 8.77 8.51 8.19

8.25 5.79 8.06 7.82 9.05 9.07 8.16 9.30

8.12 7.54 7.42 7.30 7.91 7.86 7.41 7.64

7.39 7.39 7.33 7.61 7.96 8.26 7.65 7.86

6.36 8.01 7.64 8.52 8.55 9.05 8.31 8.96

5.89 6.76 7.58 7.56 8.73 8.64 8.80 8.70

Kotak India Growth Fund Series 7

Kotak PSU Bank ETF

Mar-10-17 334.3964 7.00Nov-21-14 428.2343 19.00

ETF Schemes

Record Date Cum Dividend NAV `/Unit

Kotak SENSEX ETF

Mar-10-17 297.6072 7.50Nov-21-14 290.4602 6.00


Kotak Asset Allocator Fund(Erstwhile Kotak Equity FOF)

Aug-30-10 37.774 Individual/ HUF: 0.878 Others: 0.819

Record Date Cum Dividend NAV `/UnitKotak Nifty ETF

Mar-10-17 904.9522 10.00May-06-16 785.7880 11.00Nov-21-14 858.2720 9.50


Kotak Standard Multicap Fund(Erstwhile Kotak Select Focus)

Record Date Cum Dividend NAV `/UnitSep-24-18 23.504 1.3281Sep-27-17 23.592 1.50Sep-30-16 21.349 1.25

Mar-25-19 23.0926 0.0505Mar-11-19 23.0848 0.0436Feb-25-19 23.0816 0.0408

DIVIDEND HISTORY

Equity Schemes

Record Date Cum Dividend NAV `/UnitMar-25-19 10.7311 0.0328Feb-25-19 10.7223 0.0359Jan-28-19 10.7427 0.0515

Kotak Equity Arbitrage Fund - Monthly Dividend Option

Kotak Small Cap Fund (Erstwhile Kotak Midcap)

Feb-28-18 45.373 1.27Feb-27-17 36.403 1.45Feb-23-16 26.770 1.00

Kotak Tax Saver

Mar-28-19 19.033 0.3276Dec-24-18 18.125 0.3276Sep-26-18 18.808 0.3453

Kotak Emerging Equity Scheme

Mar-23-18 26.1532 2.674May-26-17 26.010 1.59May-27-16 21.196 1.30

Kotak Equity Arbitrage Fund - Fortnightly Dividend Option


Kotak Equity Arbitrage Fund - Bimonthly Dividend

Mar-25-19 20.1088 0.1287Jan-28-19 20.1327 0.1653Nov-26-18 20.1931 0.2253


Dec-27-18 32.943 0.8677Mar-23-18 35.3566 3.604Dec-28-17 39.2181 1.52

Kotak Bluechip Fund(Erstwhile Kotak Mahindra 50 Unit Scheme) - Dividend


Kotak India EQ Contra Fund(Erstwhile Kotak Classic Equity)

Mar-23-18 23.714 4.778Jul-24-17 23.433 0.70Jul-15-16 19.692 0.50


Feb-26-19 23.43 0.6259Nov-27-18 23.714 0.5489Sep-03-18 26.613 0.6994

Kotak Equity Opportunities Fund(Erstwhile Kotak Opportunities)







Kotak Equity Saving Fund - Monthly Dividend Option

Mar-12-19 11.3265 0.0396Feb-12-19 11.1919 0.055Jan-14-19 11.2143 0.0421

Kotak Equity Saving Fund - Quarterly Dividend

Mar-20-19 11.2372 0.1553Dec-20-18 11.1696 0.1341Sep-21-18 11.3014 0.1739

Kotak Infrastructure and Economic Reform

Feb-21-19 16.252 0.4356

Feb-28-18 20.582 0.63

Feb-23-17 17.564 0.50


Hybrid Schemes

Mar-25-19 14.86 0.0858Feb-25-19 14.326 0.1053Jan-25-19 14.459 0.108

Kotak Equity Hybrid(Erstwhile Kotak Balance)

Mar-12-19 11.7997 Individual/ HUF: 0.0635 Others: 0.0588Feb-12-19 11.5905 Individual/ HUF: 0.0668 Others: 0.0619Jan-14-19 11.7889 Individual/ HUF: 0.0758 Others: 0.0702

Kotak Debt Hybrid(Erstwhile Kotak MIP) - Monthly Dividend

Kotak Debt Hybrid(Erstwhile Kotak MIP) - Quarterly Dividend

Mar-20-19 13.4095 Individual/ HUF: 0.1926 Others: 0.1783Dec-20-18 13.3417 Individual/ HUF: 0.1936 Others: 0.1792Sep-21-18 13.4233 Individual/ HUF: 0.2042 Others: 0.1891




62

Kotak Bond Regular Plan - Annual Dividend

Mar-20-14 21.2977 Individual/ HUF: 0.2158 Others: 0.2067Mar-20-13 22.5941 Individual/ HUF: 1.4008 Others: 1.2006

57

Kotak Bond Short Term - Monthly Dividend


Kotak Bond Short Term - Half Yearly Dividend

Mar-20-19 12.6446 Individual/ HUF: 0.0039 Others: 0.0036Sep-21-18 12.0475 Individual/ HUF: 0.0042 Others: 0.0039Mar-20-18 11.799 Individual/ HUF: 0.0101 Others: 0.0093

Kotak Credit Risk Fund (Erstwhile Kotak Income Opportunities Fund) - Annual Dividend

Mar-12-19 10.8959 Individual/ HUF: 0.4539 Others: 0.4203Mar-12-18 10.8586 Individual/ HUF: 0.458 Others: 0.4243Mar-15-17 11.2098 Individual/ HUF: 0.7411 Others: 0.6866


Kotak Dynamic Bond Fund(Erstwhile Kotak Flexi Debt Fund) - Monthly Dividend




Kotak Dynamic Bond Fund(Erstwhile Kotak Flexi Debt Fund) - Quarterly Dividend




Kotak Corporate Bond Fund - Regular Plan Monthly Dividend




Kotak Corporate Bond Fund - Regular Quarterly Dividend

Jun-20-17 1070.4266 Individual/ HUF: 15.9660 Others: 14.7922Mar-20-17 1062.9423 Individual/ HUF: 11.1398 Others: 10.3208Dec-20-16 1070.3117 Individual/ HUF: 17.6919 Others: 16.3912


Kotak Bond Regular Plan - Quarterly Dividend Option

Sep-20-17 10.8936 Individual/ HUF: 0.1192 Others: 0.1104Jun-20-17 11.1699 Individual/ HUF: 0.1876 Others: 0.1738Mar-20-17 10.7213 Individual/ HUF: 0.0721 Others: 0.0668

Debt Schemes


5456

Kotak Savings Fund(Erstwhile Kotak Treasury Advantage Fund) - Monthly Dividend



Kotak Credit Risk Fund (Erstwhile Kotak Income Opportunities Fund) - Monthly Dividend



Kotak Gilt Investment Regular Plan - Quarterly Dividend

Mar-20-19 11.8114 Individual/ HUF: 0.0339 Others: 0.0314Jun-20-17 13.5005 Individual/ HUF: 0.2132 Others: 0.1976Mar-20-17 12.7811 Individual/ HUF: 0.0754 Others: 0.0699


Kotak Credit Risk Fund (Erstwhile Kotak Income Opportunities Fund) - Quarterly Dividend

Mar-20-19 10.9766 Individual/ HUF: 0.1296 Others: 0.12Dec-20-18 10.9699 Individual/ HUF: 0.1412 Others: 0.1308Mar-20-18 10.8376 Individual/ HUF: 0.0938 Others: 0.0869


Kotak Money Market Scheme(Erstwhile Kotak Floater Short Term Scheme) - Monthly Dividend



63

5456

5456

5456

5456

5456

Kotak Gilt Investment PF and Trust Plan - Quarterly Dividend

Dec-20-18 12.0473 Individual/ HUF: 0.255 Others: 0.2361Sep-21-18 11.5254 Individual/ HUF: 0.0709 Others: 0.0657June-20-18 11.5099 Individual/ HUF: 0.0779 Others: 0.0721


Kotak Low Duration Fund - Regular Plan Monthly Dividend


Kotak Banking and PSU Debt Fund - Annual Dividend

Mar-15-17 16.8762 Individual/ HUF: 1.0169 Others: 0.9421 Mar-14-16 16.6687 Individual/ HUF: 0.8840 Others: 0.8190Mar-20-15 16.7914 Individual/ HUF: 0.9986 Others: 0.9261



Kotak Banking and PSU Debt Fund - Monthly Dividend



Kotak Medium Term Fund - Quarterly Dividend



Kotak Medium Term Fund - Annual Dividend

Mar-12-19 11.1171 Individual/ HUF: 0.4473 Others: 0.4142Mar-12-18 11.0849 Individual/ HUF: 0.4674 Others: 0.433Mar-15-17 11.2826 Individual/ HUF: 0.6428 Others: 0.5956


Debt Schemes

There is no assurance or guarantee to Unit holders as to rate/quantum of dividend distribution nor that the dividends will be paid regularly. After payment of the dividend, the per Unit NAV falls to the extent of the payout and statutory levy, if any.Dividend frequency is as per Trustee's discretion.

64

How to read Fact Sheet

For details contact us at:KOTAK MAHINDRA ASSET MANAGEMENT COMPANY LIMITED: 6th Floor, Kotak Infiniti, Building No. 21, Infinity Park, Off Western Express Highway, Gen. A. K. Vaidya Marg, Malad (East), Mumbai � 400 097. Tel.: 91-22-66056825 Fax: 91-22-6708 2213 E-mail: [email protected] www.kotakamc.com. Corporate Office of Asset Website: Management Company: 2nd Floor, 12-BKC, Plot No C-12, G Block, BKC, Bandra (East),Mumbai - 400 051

Agra: 0562-4009647Ahmedabad: 079-26779888/ 26766077Ajmer: 0145-2628881Aligarh: 0571-6453223Allahabad: 0532-6456177Ambala: 0171-6451570/71Amritsar: 0183-6575777/ 6576777Anand: 02692-650281Aurangabad: 0240-6611189Bangalore: 080-61874600 / 01 / 02 / 03Belgaum- 8050001089Bareilly: 0581-6452934Bhavnagar: 0278-2569511Bhilai: 0788-2225385Bhopal: 0755-6461018Bhubaneshwar: 0674-6510250/9583340099Bhuj: 02832-653976Borivali: 8879234246/ 8879236194Calicut: 495-2701031Chandigarh: 0172-4671885/ 5049476Chennai: 044-28221333/ 45038171Cochin: 0484-4851170/ 9745005122 Coimbatore: 422-6572165Cuttack: 91-8114392771/ 9776000093Dehradun: 135-2742900/ 6453000Dhanbad: 9334235493Durgapur: 0343-6456038/ 2544609Goa: 0832-6650490

Gorakpur: 0551-2204127/ 7850041494Gurgaon: 0124-4165424/26Guwahati: 0361-2734784Hubli: 0836-6450140Hyderabad: 040-66178140/ 41/ 42Indore: 0731-6453390Jabalpur: 9713508228Jaipur: 0141-2373879Jalandhar: 0181-2233481/ 9988883566Jalgaon: 0257-2237131/ 32Jammu: 0191-2470779Jamnagar: 0288-6540129Jamshedpur: 0657-2317041/6543474/9570000685Jodhpur: 0291-2630625Kanpur: 0512-6454641/ 2541017Kolhapur: 0231-6610390/ 91Kolkata: 033- 46021037 / 46037141 /4603740Kottayam: 0481-2577077Lucknow: 522-4021168/ 4021169Ludhiana: 0161-4646602/ 4646604Mangalore: 0824-6452006Meerut: 0121-2658105Mumbai: 022-66056825Mumbai: (Thane): 022-65970185/ 186Muradabad: 0591-6456667Mysore: 0821-6541192Nagpur: 0712-2425052/8577

Nashik: 253-6574255New Delhi: 011-41100860/65Panipat: 0180-2632062Patiala: 0175-5015268Patna: 0612-6451120Pondicherry: 9962029229Pune: 020-25648111/12/13Raipur: 0771-4270917Rajkot: 0281-6620735Ranchi: 0651-6454629/ 2332274/9709001533Rourkela: 0661-6450114/ 9776640098Rohtak- 0180-4022062Saharanpur - 0132-2724757Salem: 0427-6450115Shimla: 0177-6451211/ 2807911Silliguri: 0353-2522012Surat: 0261-4896767/ 4896768Trichur: 0487-2430115Trichy: 91 - 0431-4972437Trivandrum: 0471-4470134/ 9745002032Udaipur: 0294�2420005Vadodara: 0265-2354012 / 2334012Vapi: 260-6534863/ 260-6453920Varanasi: 0542-6456985Vijayawada: 0866-6459930Vishakapatnam: 0891-6452145

Contact Details

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.*The rating indicates highest degree of safety regarding timely receipt of payments from the investments that the Scheme has made. The ratings should, however, not be construed as an indication of expected returns, prospective performance of the Mutual Fund Scheme, NAV or of volatility in its returns.Disclaimer on market outlooks:The outlook provided is only a subjective understanding of an uncertain market phenomena, which may or may not occur, and may also not have any effect on the performance of the scheme, clement or otherwise. This outlook should not be construed as a reason for investment into the scheme based on prospect of future performance, which may not accrue as anticipated by the statement.

RISK FACTORS

Fund ManagerAn employee of the asset management company such as mutual fund or life insurer, who manages investments of the scheme. He is usually part of larger team of fund managers and research analysts.Application amount for fresh subscriptionThis is the minimum investment amount for a new investor in a mutual fund schemeMinimum Additional AmountThis is the minimum investment amount for an existing investor in a mutual fund schemeYield to MaturityThe yield to maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond�s current market price, par value, couple interest rate and time to maturitySIPSIP or systematic investment plan works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an SIP that invests Rs 500 every 15th of the month in an equity fund for a period of three years.NAVThe NAV or net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which investors enter or exit the mutual fundBenchmarkA group of securities , usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmark include the Nifty, Sensex, BSE 200, BSE 500, 10-year GsecEntry LoadA mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor /agent. Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is Rs 100 and the entry load is 1%, the investor will enter the fund at Rs 101.Note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor.Exit loadExit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is RS 100and an exit load is 1%, the redemption price would be Rs. 99 per unit Modified DurationModified duration is the price sensitivity and the percentage change in price for a unit change in yield.Standard deviationStandard deviation is statistical measure of the range of an investment�s performance. When a mutual fund has a high standard deviation, it means its range of performance is wide, implying greater volatility.Sharp RatioThe Sharpe Ratio, named after its founder the Noble laureate William Sharpe, is measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk.BetaBeta is a measure of an investment�s volatility vis-à-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security�s price will be more volatile than the market.AUMAUM or assets under management refers to the recent / updated cumulative market value of investments managed by Mutual fund or any investment firm.HoldingsThe holdings or the portfolio is a mutual fund�s latest or updated reported statement of investments/securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager.Nature of SchemeThe investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories.Rating ProfileMutual funds invest in securities after evaluating their credit worthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their rating becomes the rating profile of the fund. Typically, this is a feature of debt funds.

65

LEARNANYWHERE

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Financial Planning

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5) In NAME section enter your ARN number & click on FORGOT PASSWORD6) In the next window enter your ARN number & SUBMIT7) Enter OTP & Create password

8) Go back to LOGIN page9) Enter your ARN number, PASSWORD & SUBMIT

1) Go to www.kotakmfadvisor.com2) Click on SIGN UP, enter ARN number & SUBMIT3) Enter OTP & Create password4) In case you get a pop up “Your ARN already Exists” go to LOGIN page

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ProStart viewership on YouTube:• Financial Planning Module: 24,478 Views*• Social Media Marketing Module: 1,717 Views*

Mutual Fund investments are subject to market risks, read all scheme related documents carefully

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*as on April 3, 2019

march 31, 2019 - kotak asset management

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