May 31, 2020 - Citibank India · Kotak Balanced Advantage Fund Balanced Advantage 19 ... Kotak PSU...

Past performance of the Sponsor/AMC/Fund does not indicate the schemes future performance. Risk Factors on page 63.

May 31, 2020

It's for the

First Timer

It's for the

Market Timer

It's for the Long-

Term Investor

May 31, 2020Expert Speak

Dear Friends,

India continues to witness a Perfect storm. A once in century Medical crisis has disrupted economic activities which in turn is reflected in financial market stress. Sectors catering to necessity are doing better than those catering to luxury. Hospitality, Entertainment and Aviation have been hit badly. Major sectors such as auto, real estate, BFSI are also feeling the stress. Sectors like FMCG, Telecom, Agri industries are less affected. However every sector and every company is impacted by covid 19 crisis.

FY 21 will witness negative GDP growth first time after 1980. In April, steel production was down 87% YOY & power generation was down 22% YOY. Overall business outlook, as measured by PMI Index, was down to life time low.

Currently, major industrial states and cities are under red zone which is likely to delay recovery. The risk of second wave continues to exist as we do calibrated opening. Other countries are also in the same boat. As per IMF, US is likely to see -5.9% and EU zone is likely to see -7.5% growth in GDP despite high fiscal and monetary stimulus.

In this dark could there is are few silver linings like Fertilizer sales nearly doubling in May over last year. Its sign of boom in agri sector. Britannia Inds posted 20 % + revenue growth in April and May. Power demand has begun to inch up again - A sign of economic activity recovering from bottom. 'Fastag' & E way bill generation of May shows some recovery from bottom.

There is also demand for good quality Indian papers as reflected in successful offerings by RIL / HUL / HDFC Life / Bharti Airtel and KMB. MSCI & FTSE has proposed to increase India's weight in EM indices over next quarter. This can bring anywhere between $ 3-7 billion FPI flows in Indian equities.

Nifty has rallied significantly from the April bottom. At current level of ~ 10,000, NIFTY is discounting many positives. Lower Oil Import bill of ~ $ 40 billion, Lower trade deficit with China due to boycott of chinese goods, lower gold import bill, smooth implementation of economic package announced by the Government, execution of monetary package in terms of improved credit flow & reduced borrowing cost. The market is also discounting an early medical solution in form of drugs or vaccine to tackle covid 19.

In our opinion if the actual events and news flow is better than what is discounted by the market than prices can rise further from here. In case the actual events and news flow is worse than what is priced by the market than prices will fall from current level.

It will be inappropriate to say that bottom of the market is made till such time medical solution is discovered.

At current level of valuation it is time to be overweight on equities. While market looks expensive on PE Ratio as earnings have declined significantly. Market cap to GDP ratio at 64 % is below historical average of 75 %. Forward P/B at 2.2x is below historical average of 2.6x.

We believe that investors can upgrade their risk appetite by one level, to capture below average valuation.

Investor may invest half of their incremental investment in a staggered manner in a falling market. The other half can be invested when the medical solution emerges for business normalcy to return on a permanent basis.

Extremely Conservative investors can look at the hybrid funds like equity savings or debt hybrid for participation in equity markets at current valuations. An investor requiring regular income can activate SWP option in these funds. This will give them higher tax efficiency. Conservative Investors can look to invest in balance funds to large cap funds. Aggressive Investors can look to add small and mid cap funds.

While we always recommend STP and SIP for investment, one can look at Balance advantage fund for lump sum investment. Investors who panicked in April 20 from credit risk funds have lost between 2-3 % absolute return in the month of May.

It is important to hear advise of a good financial advisor rather than follow what's app gurus or social media warriors. Short term investors may consider ultra-short term debt for their investing needs. Likewise, for long term investors, dynamic bond and credit risk fund still provide good opportunities. Prudent asset allocation also calls for some weightage to gilt funds.

We continue with our recommendation on overweight Gold and offshore funds like before.

Stay safe and stay invested

Regards,

Nilesh Shah

Managing Director

INDEX

Contents Page no.

Market Overview 1

Equity Market Snapshot 2

Debt Market Snapshot 3

How to read Fact Sheet 4

Fund Name/Scheme Name New SEBI scheme category

Equity Funds Kotak Standard Multicap Fund Multi Cap Fund 5

Kotak Emerging Equity Fund Mid Cap Fund 6

Kotak Equity Opportunities Fund Large & Mid Cap Fund 7

Kotak Focused Equity Fund Focused Fund 8

Kotak Bluechip Fund Large Cap Fund 9

Kotak Small Cap Fund Small Cap Fund 10

Kotak Tax Saver Fund ELSS 11

Kotak India EQ Contra Fund Contra Fund 12

Kotak Pioneer Fund Thematic 13

Kotak India Growth Fund Series 4 14


Kotak Infrastructure & Economic Reform Fund Sectoral/Thematic 16


Hybrid FundsKotak Equity Arbitrage Fund Arbitrage Fund 18

Kotak Balanced Advantage Fund Balanced Advantage 19

Kotak Equity Hybrid Fund Aggressive Hybrid Fund 20

Kotak Equity Savings Fund Equity Savings 21

Kotak Debt Hybrid Fund Conservative Hybrid Fund 22

Debt FundsKotak Overnight Fund Overnight Fund 23

Kotak Liquid Fund Liquid Fund 24

Kotak Money Market Fund Money Market Fund 25

Kotak Savings Fund Ultra Short Duration Fund 26

Kotak Low Duration Fund Low Duration Fund 27

Kotak Floating Rate Fund Floater Fund 29

Kotak Corporate Bond Fund Corporate Bond Fund 30

Kotak Banking & PSU Debt Fund Banking & PSU Fund 31

Kotak Bond Short Term Fund Short Duration Fund 32

Kotak Credit Risk Fund Credit Risk Fund 34

Kotak Medium Term Fund Medium Duration Fund 36

Kotak Dynamic Bond Fund Dynamic Bond 38

Kotak Bond Fund Medium to Long Duration Fund 39

Kotak Gilt Fund Gilt Fund 40

Exposure 41

Fund of Funds SchemeKotak Asset Allocator Fund FOF (Domestic) 43

Kotak Global Emerging Market Fund FOF (Overseas) 44

ETF FundsKotak Gold ETF ETF 45

Kotak Nifty ETF ETF 46

Kotak Sensex ETF ETF 47

Kotak Banking ETF ETF 48

Kotak PSU Bank ETF ETF 49

Scheme Performance 50

About Our Fund Managers 57

Dividend History 60

Risk Factors 63

1

Stretched

Bubble

Cheap Over Invest80% - 90%

Attractive Neutral +65% - 75%

Fair Neutral50%

Fair ValuePlus

Neutral -35% - 45%

Under Invest15%- 25%

Exit5% - 10%

Market Equity Allocaion

Market Valuation Indicators

Suggested equity allocation

(Assuming 50% equity

allocation as neutral)

Strategy for Investments in the Current Scenario

Key Events for the Month of May 2020:

Market Overview

India�s Market Cap to GDP%

12-month forward Sensex P/E (x)

May could be dissected into two halves � Nifty (-2.8%) falling in the first half on disappointment on fiscal stimulus front and gaining in the second half on improving global sentiment as economies across the world emerged out of lockdowns.

Border tensions between India-China too escalated as Chinese troops moved into sensitive areas along the Himalayan frontier. Tensions between US-China escalating with US's threat to delist Chinese companies and China's signing of HK security

legislation In the second consecutive inter-meeting action, the MPC cut the repo rate further by 40bps to 4% while maintaining an

accommodative stance. RBI also extended the moratorium period by 3 months to 31st August factoring in the lockdown extension. PM Modi announced a larger than expected Rs20trn (~10% of GDP) economic package in response to the economic

fallout from Covid induced lockdown. Finer details, however, disappointed the street for the lack of direct stimulus measures and limited fiscal impact (~1.3% of GDP).

India entered the list of top 10 countries hit by coronavirus as confirmed cases rose 5 fold to 170k but death rates still remained much lower than average.

FIIs and DIIs were net buyers during the month. Capital Market activity gained pace with 4 deals worth $12.5bn during May

India's service sector witnessed its largest month-to-month contractions in business activity since data collection began over 14 years ago in April. The IHS Markit India Services Business Activity Index fell to at 5.4 in April, a steep decline from 49.3 in March, the most severe contraction in services output since records began in December 2005.

Source: Motilal Oswal

NIFTY P/B (x) - 1 Year Forward


Sensex In 'Fair Value' Range in P/BV Terms

Source: Axis Capital Internal Estimates

STP/Short Term

STP/Long Term

At 2.2x, the Nifty 12-month forward P/B is also well below the historicalaverage of 2.6x

2.2

1.5

2.3

3.0

3.8

4.5

May

-05

May

-06

May

-07

May

-08

May

-09

May

-10

May

-11

May

-12

May

-13

May

-14

May

-15

May

-16

May

-17

May

-18

May

-19

May

-20

Average: 2.6x

42

52

82 83

103

55

9588

71

64 66

81

6979

8379

56

FY0

4

FY0

5

FY0

6

FY0

7

FY0

8

FY0

9

FY1

0

FY1

1

FY1

2

FY1

3

FY1

4

FY1

5

FY1

6

FY1

7

FY1

8

FY1

9

FY2

0

Average of 75% for the periodLowestsince

the GFC

No. of traded companies was

just 2,640 in 2004 v/s 3,861

in Mar’20

GFC: Peak of 149% in Dec�07

10000

14000

18000

22000

26000

30000

34000

38000

42000

Jun-

17

Jul-1

7

Aug

-17

Sep-

17

Oct

-17

Nov

-17

Dec

-17

Jan-

18

Feb-

18

Mar

-18

Apr

-18

May

-18

Jun-

18

Jul-1

8

Aug

-18

Sep-

18

Nov

-18

Dec

-18

Jan-

19

Feb-

19

Mar

-19

Apr

-19

May

-19

Jun-

19

Jul-1

9

Aug

-19

Sep-

19

Oct

-19

Dec

-19

Jan-

20

Feb-

20

Mar

-20

Apr

-20

May

-20

Stretched 20x 24x

Fair Value Plus 17x 20x

Fair 13x 17x

Attractive 10x 13x

Cheap 8x 10x

2

Near-term growth might get impacted due to Coronavirus scare, but many reforms like IBC, GST, RERA to improve longer term growth trajectory

Strong medium term earning growth trajectory, as previous cycle of NPA ends and capacity utilization improves. Will also be aided by recent tax cuts

India stands out among global asset classes with prospects of strong long term growth given favorable demographics

Long runaway of growth in financialization of savings

Higher disinvestment target and repair of leveraged balance sheet to create supply in markets

Now that elections are over, expect improved reform momentum

Economy

Corporate Earnings

FII Flow

DII Flow

Supply of paper

Policy/Reform Initiative

Key Variables Short - term Medium - term Remarks

Signifies growth

Key Variables & their Impact On Equities

Equity Market Snapshot

India's Q4 GDP Growth Falls To 3.1% - Worst Since 2009 Global Financial Crisis

Power Demand Up As Restrictions Ease


-3.5% YoY

-26.4% YoY

-22.4% YoY

-17.6% YoY-11.8% YoY

-45%

-30%

-15%

0%

15%

01-M

ar

08-M

ar

15-M

ar

22-M

ar

29-M

ar

05-A

pr

12-A

pr

19-A

pr

26-A

pr

03-M

ay

10-M

ay

17-M

ay

24-M

ay

31-M

ay

YoY change PRE-LOCKDOWN LOCKDOWN 1.0 LOCKDOWN2.0 LOCKDOWN 3.0 LOCKDOWN 4.0


Fy20 GDP growth worst in 11 Years. Impact of the lockdown and COVID would be felt prominently in 1QFY21

4.2

7.2

-10.0

-5.0

0.0

5.0

10.0

15.0

20.0

25.0

FY7

2

FY7

4

FY7

6

FY7

8

FY8

0

FY8

2

FY8

4

FY8

6

FY8

8

FY9

0

FY9

2

FY9

4

FY9

6

FY9

8

FY0

0

FY0

2

FY0

4

FY0

6

FY0

8

FY1

0

FY1

2

FY1

4

FY1

6

FY1

8

FY2

0

India GDP growth YoY (%)Real GDP Nominal GDP Post Liberalization

Pre-Liberalization

Dot com bubble

GFC crisis

Slowdown postdemonetization

and GST

Asian Financial Crisis

Fy20 Nominal GDP lowest in 48 years; FY21 heading toward contraction

10Y G-Sec Yield & 91D T-Bill Yield MovementThe corporate yield curve has fallen more at short end,

resulting in a steeper curve

(%)

8.58.27.97.67.37.06.76.46.15.85.5

May-20 Apr-20 May-19

May-19, 7.78.2

7.5

7.2

Apr-20, 6.1May-20, 5.7

AAA corporate bond yields8.0

7.0

6.0

5.0

4.0

3.0May-17 Nov-17 May-18 Nov-18 May-19 Nov-19 May-20

1Y 10Y

10Y G-sec Yield91D T-Bill Yield

43

Items May-20 Apr-20 1 Month Change May-19 1 yr Change

Reverse repo 3.35% 3.75% -40 bps 5.75% -240 bps

Repo 4.00% 4.40% -40 bps 6.00% -200 bps

CRR 3.00% 3.00% NIL 4.00% -100 bps

SLR 18.00% 18.00% NIL 19.00% -100 bps

Mibor Overnight 4.04% 4.41% -37 bps 6.00% -196 bps

Call ON 3.62% 4.19% -57 bps 5.92% -230 bps

CBLO 3.14% 3.50% -36 bps 5.94% -280 bps

1 yr TBILL 3.41% 3.67% -26 bps 6.22% -281 bps

10 Gsec 5.76% 6.11% -35 bps 7.03% -127 bps

5 Year AAA 6.00% 7.22% -12 bps 7.50% -150 bps

USD/INR `75.64 `75.11 -54 paise `69.81 -5.83 rupees

Source: RBI; Bloomberg.

Key Variables & their Impact On Interest Rates

Denotes fall in interest rates

Medium � term(6months � 2 years)Key Variables

Inflation

Rupee

Credit Demand

Government Borrowing

RBI Policy

Global Event Risk

Corporate bond Spread

Debt FII flow

Liquidity

Short - term(3-6 months)

Debt Market Snapshot

Super Surplus Liquidity In The System To Support The Economy

Remarks

Due to covid full data on headline CPI/WPI was not available hence the RBI has decided to look towards the inflation trajectory vs near term numbers. We continue to believe that inflation is likely to remain benign from MPC perspective.Near term INR likely to be under pressure due to global pressures as EM witnesses outflows. Moody's has downgraded India and now they are in line with other rating agencies. As FPI have been sellers of bonds and RBI has good FX reserves we not vulnerable to this action. Credit growth has slowed down significantly and Covid 19- lock down all over has added to it a lot. Globally situation is similar and this may accentuate the situation further however easy rates may help some demand pickup post the lock down is lifted till then credit growth will not impact rates negatively.Government has decided to increase the Govt Borrowing programme by ~4 lac cr. The was a very large number by any means. However as the Market is a flush liquidity and there is an expectation of RBI to step in some form or the other hence bond market is performing orderly. There may be volatility but directional move is down.RBI preponed the MPC came stronger than expectations, we may not get more cuts immediately but measures such as OMO and operation twist will continue and stance is expected to remain soft for the remaining part of the year. The global lockdown and most aggressive action in terms of cut in rates and other measures to contain rates lower will help India too. GDP is expected to contract this year and this an un presented phenomena. This will lead to demand for relatively safer assets hence spreads compression is likely to happen over and above this the RBI announced additional measures such as incremental TLTRO will keep increasing demand for assets from from the market. Too many moving parts are making diff for any one to take a call outside the own country. We believe we will have to wait till the index inclusion happens for sustainable flows. With Cut in CRR, LTRO and TLTRO Liquidity has been flushed in the banking system is expected to remain in SUPER surplus zone. It is therefore likely to have a positive impact on Interest rates

Steepening of The Yield Curve

Source: RBI. As on 29 May 2020

Source: Bloomberg, CLSA

The Yield Curve has steepened and probably is one of the steepest recent history. We believe the term premia is quite highand expected the same to flatten over the year.

INR Bn

6,328.82

(4,000.00)

(2,000.00)

-

2,000.00

4,000.00

6,000.00

8,000.00

10,000.00

Aug

-18

Sep-

18

Oct

-18

Nov

-18

Dec

-18

Jan-

19

Feb-

19

Mar

-19

Apr

-19

May

-19

Jun-

19

Jul-1

9

Aug

-19

Sep-

19

Oct

-19

Nov

-19

Dec

-19

Jan-

20

Feb-

20

Mar

-20

Apr

-20

May

-20

Banking Liquidity

Liquidity Surplus is here to stay for longer than what market is pricing

Source: RBI, Bloomberg, Morgan Stanley Research

How to read Fact Sheet

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 scheme

Minimum Additional AmountThis is the minimum investment amount for an existing investor in a mutual fund scheme

Yield 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 maturity

SIPSIP 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 fund

BenchmarkA 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 Gsec

Entry 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.

4

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 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: NILRevised exit load structure effective from May 13, 2020

Total Expense Ratio**Regular: 1.64%; Direct: 0.72%

19.56%

0.96

-0.12

20.29%

Portfolio Turnover

$Beta

$Sharpe##

$Standard Deviation

Term Deposit as provided above is towards margin for derivatives transactions Equity Derivative Exposuer is 2.16%

Equity & Equity relatedReliance Industries Ltd. Petroleum Products 7.61ICICI Bank Ltd. Banks 5.56HDFC Bank Ltd. Banks 5.27Ultratech Cement Ltd. Cement 4.55Hindustan Unilever Ltd. Consumer Non Durables 4.11Larsen And Toubro Ltd. Construction Project 4.09Infosys Ltd. Software 3.65Tata ConsultancyServices Ltd. Software 3.34Axis Bank Ltd Banks 3.02Petronet LNG Ltd. Gas 2.95Indraprastha Gas Ltd. Gas 2.66SRF Ltd. Industrial Products 2.55Shree Cement Ltd. Cement 2.41ICICI Lombard GeneralInsurance Company Ltd Finance 2.15Kotak Mahindra Bank Ltd. Banks 1.95The Ramco Cements Ltd Cement 1.95Britannia Industries Ltd. Consumer Non Durables 1.85Jubilant Foodworks Limited Consumer Non Durables 1.74Cadila Healthcare Ltd. Pharmaceuticals 1.66Bharat Electronics Ltd Industrial Capital Goods 1.44Inter Globe Aviation Ltd Transportation 1.41Hero MotoCorp Ltd. Auto 1.36Container Corporationof India Ltd. Transportation 1.32Godrej ConsumerProducts Ltd. Consumer Non Durables 1.29Bharat PetroleumCorporation Ltd. Petroleum Products 1.18State Bank Of India Banks 1.18AU Small Finance Bank Ltd. Banks 1.09MRF Limited Auto Ancillaries 1.09HDFC Standard LifeInsurance Company Ltd. Finance 1.07SBI Life InsuranceCompany Ltd Finance 1.06Jindal Steel & Power Ltd. Ferrous Metals 1.03United Breweries Ltd. Consumer Non Durables 1.03Lupin Ltd. Pharmaceuticals 1.00Bata India Ltd. Consumer Durables 0.95Balkrishna Industries Ltd Auto Ancillaries 0.89GAIL (India) Ltd. Gas 0.89Thermax Ltd. Industrial Capital Goods 0.86Mahindra & Mahindra Ltd. Auto 0.81HDFC Ltd. Finance 0.79AIA Engineering Limited Industrial Products 0.66Kec International Ltd. Construction Project 0.62

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

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).Alpha is difference of scheme return with benchmark return.Kotak Standard Multicap Fund NAV as on May 29, 2020: `18.887 (Dividend Option), `20.538 (Direct Dividend Option), `29.994 (Growth Option), `32.249 (Direct Growth Option)*For Fund Manager experience, please refer page 57-59. ## Risk rate assumed to be 4.04% (FBIL Overnight MIBOR rate as on 29th May 2020).**Total Expense Ratio includes applicable B30 fee and GST.For last three dividends, please refer page no 60-62. For scheme performance, please refer page no 50-56.

5

Investment style

Value Blend Growth Size

Large

Medium

Small

Fund Manager: Mr. Harsha

Upadhyaya*

AAUM: `25,005.74 crs

AUM: `25,984.19 crs

Benchmark: Nifty 200 TRI

Allotment date: September 11, 2009

Folio count: 14,78,373

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 May 31, 2020

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

SYSTEMATIC INVESTMENT PLAN (SIP)

Bajaj Finserv Ltd. Finance 0.59Max Financial Services Ltd. Finance 0.58Page Industries Ltd Textile Products 0.58Bayer Cropscience Ltd. Pesticides 0.53RBL Bank Ltd Banks 0.47SBI Cards & PaymentServices Pvt. Ltd. Finance 0.40Solar Industries India Limited Chemicals 0.37BEML Ltd Industrial Capital Goods 0.21Whirlpool of India Ltd. Consumer Durables 0.21Reliance Industries Ltd -Partly Paid Shares Petroleum Products 0.19Bajaj Finance Limited Finance 0.15Techno Electric & EngineeringCompany Limited Construction Project 0.13Century Textiles &Industries Ltd. Paper 0.11Arvind Fashion Ltd. Retailing 0.05Arvind Ltd Textile Products 0.02Equity & EquityRelated - Total 90.68Futures CNX NIFTY-JUN2020 1.70HDFC Ltd.-JUN2020 0.10Indraprastha Gas Ltd.-JUN2020 0.10Page Industries Ltd-JUN2020 0.09HDFC Bank Ltd.-JUN2020 0.08Britannia Industries Ltd.-JUN2020 0.05Jubilant Foodworks Limited-JUN2020 0.04Debt Instruments Debentures and Bonds Corporate Debt/Financial Institutions Britannia Industries Ltd. ( ) CRISIL AAA 0.01Corporate Debt/FinancialInstitutions - Total 0.01Reverse Repo 8.07TERM DEPOSITS HDFC Bank Ltd. 0.86Term Deposits - Total 0.86Triparty Repo 0.14Net Current Assets/(Liabilities) 0.24Grand Total 100.00

Monthly SIP of ) 10000(`

Total amount invested ( )`

Total Value as on May 29, 2020 ( )`

Scheme Returns (%)

Nifty 200 (TRI) Returns (%)

Alpha

Nifty 200 (TRI) ( )#`

Nifty 50 (TRI) ( )^`


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

12,90,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000

22,51,185 19,89,924 10,61,057 6,19,707 3,24,099 1,05,408

9.96 9.78 6.58 1.28 -6.73 -22.00

6.81 6.64 4.11 0.42 -7.48 -21.98

3.15 3.14 2.47 0.86 0.75 -0.02

18,80,866 16,87,134 9,71,751 6,06,406 3,20,274 1,05,419

18,72,583 16,77,504 9,75,953 6,20,547 3,27,748 1,05,176

6.73 6.53 4.23 1.33 -6.03 -22.34

31.17

25.48

14.64

15.56

15.67

11.29

2.59

9.00 7.24

12.26

6.98

0.89

5.71

2.78

4.83

5.83

4.15

0.99

2.73

Benchmark

Scheme

Financial Services Energy Consumer Goods Cement & Cement Products Cash & Cash Equivalent

Information Technology Industrial Manufacturing Construction Automobile Services

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 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: NILRevised exit load structure effective from May 13, 2020


14.55%

0.86

-0.19

23.34%

Portfolio Turnover

$Beta

$Sharpe##

$Standard Deviation

Equity & Equity related Supreme Industries Limited Industrial Products 5.10Coromandel International Ltd. Fertilisers 4.37The Ramco Cements Ltd Cement 3.94P I Industries Ltd Pesticides 3.81Cadila Healthcare Ltd. Pharmaceuticals 3.17Schaeffler India Ltd Industrial Products 2.95Sheela Foam Ltd Consumer Durables 2.88Tata Consumer Products Ltd Consumer Non Durables 2.80Thermax Ltd. Industrial Capital Goods 2.70Shree Cement Ltd. Cement 2.34Torrent Pharmaceuticals Ltd. Pharmaceuticals 2.26SRF Ltd. Industrial Products 2.16Atul Ltd. Chemicals 2.10Page Industries Ltd Textile Products 2.02Exide Industries Ltd Auto Ancillaries 1.98Solar Industries India Limited Chemicals 1.94Kajaria Ceramics Ltd. Construction 1.89Max Financial Services Ltd. Finance 1.83Cummins India Ltd. Industrial Products 1.69Apollo HospitalsEnterprises Ltd. Healthcare Services 1.59Indraprastha Gas Ltd. Gas 1.53APL Apollo Tubes Limited Ferrous Metals 1.47Bharat Electronics Ltd Industrial Capital Goods 1.44AU Small Finance Bank Ltd. Banks 1.43Ratnamani Metals &Tubes Ltd. Ferrous Metals 1.43Larsen And Toubro Ltd. Construction Project 1.38Balkrishna Industries Ltd Auto Ancillaries 1.37Voltas Ltd. Consumer Durables 1.35Hindustan PetroleumCorporation Ltd Petroleum Products 1.30Amara Raja Batteries Ltd. Auto Ancillaries 1.26V-Guard Industries Ltd. Consumer Durables 1.25Mahindra & MahindraFinancial Services Ltd. Finance 1.22Eris Lifesciences Ltd Pharmaceuticals 1.20Motherson Sumi Systems Ltd. Auto Ancillaries 1.20Oberoi Realty Ltd Construction 1.19Lux Industries Limited Textile Products 1.18Sundaram Finance Ltd. Finance 1.18Persistent Systems Limited Software 1.15Hawkins Cooker Ltd Household Appliances 1.12Axis Bank Ltd Banks 1.11

Jindal Steel & Power Ltd. Ferrous Metals 1.08SKF India Ltd Industrial Products 1.07Godrej Agrovet Ltd Consumer Non Durables 1.04Alkem Laboratories Ltd Pharmaceuticals 0.97ICICI Bank Ltd. Banks 0.96Federal Bank Ltd. Banks 0.89State Bank Of India Banks 0.82Bata India Ltd. Consumer Durables 0.81Laurus Labs Ltd Pharmaceuticals 0.78Finolex Cables Ltd. Industrial Products 0.75MRF Limited Auto Ancillaries 0.70City Union Bank Ltd. Banks 0.69Shriram City UnionFinance Ltd. Finance 0.69RBL Bank Ltd Banks 0.67Gujarat State Petronet Ltd. Gas 0.64Kalpataru PowerTransmission Ltd. Power 0.58Emami Ltd. Consumer Non Durables 0.56Amber Enterprises India Ltd Consumer Durables 0.52BEML Ltd Industrial Capital Goods 0.48Kewal KiranClothing Limited. Textile Products 0.43Cholamandalam FinancialHoldings Limited Finance 0.40PNC Infratech Ltd Construction 0.37Navneet Education Ltd. Media and Entertainment 0.35Blue Star Ltd. Consumer Durables 0.22Kirloskar Oil Engines Ltd. Industrial Products 0.22SBI Cards & PaymentServices Pvt. Ltd. Finance 0.22JK Cement Ltd. Cement 0.17Ramkrishna Forgings Ltd. Industrial Products 0.10Future Retail Ltd. Retailing 0.09WPIL Ltd Industrial Products 0.04Equity & EquityRelated - Total 96.59TERM DEPOSITS HDFC Bank Ltd. 0.08Term Deposits - Total 0.08Triparty Repo 3.42Net Current Assets/(Liabilities) -0.09Grand Total 100.00

Term Deposit as provided above is towards margin for derivatives transactionsEquity Derivative Exposuer is 0.55%Large Cap, Midcap and Small cap stocks as a % age of Net Assets: 11.37%, 69.73% & 15.49%.

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 FUND



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).Alpha is difference of scheme return with benchmark return.Kotak Emerging Equity Fund NAV as on May 29, 2020: `17.923 (Dividend Option), `21.187 (Direct Dividend Option), `32.634 (Growth Option), `35.56 (Direct Growth Option)*For Fund Manager experience, please refer page 57-59. ## Risk rate assumed to be 4.04% (FBIL Overnight MIBOR rate as on 29th May 2020).**Total Expense Ratio includes applicable B30 fee and GST.For last three dividends, please refer page no 60-62. For scheme performance, please refer page no 50-56.

6

Investment style


Large

Medium

Small

Riskometer


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Product Label

Fund Manager: Mr. Pankaj Tibrewal*

AAUM: `5,682.11 crs

AUM: `5,871.45 crs

Benchmark: Nifty Midcap 100 TRI

Allotment date: March 30, 2007




15,90,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000

35,13,550 21,01,549 10,88,033 5,86,764 3,10,672 1,05,246

11.26 10.81 7.29 -0.88 -9.38 -22.23

7.37 5.13 1.30 -6.15 -16.34 -27.59

3.89 5.67 5.99 5.27 6.96 5.35

26,48,399 15,60,281 8,79,427 5,12,985 2,77,108 1,01,499

26,91,046 16,77,504 9,75,953 6,20,547 3,27,748 1,05,176

7.59 6.53 4.23 1.33 -6.03 -22.34

Monthly SIP of ( ) 10000`



Scheme Returns (%)

Nifty Midcap 100 (TRI) Returns (%)

Alpha

Nifty Midcap 100 (TRI) ( )#`



6.80

18.70

19.10

12.11

17.43

11.53

11.06

8.38

3.25

8.18

9.88

6.51

2.44

6.45

3.56

4.83

10.56

4.06 4.04

Benchmark

Scheme

Industrial Manufacturing Financial Services Consumer Goods Pharma Fertilisers & Pesticides

Automobile Cement & Cement Products Construction Energy Chemicals

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.

Term Deposit as provided above is towards margin for derivatives transactions.Equity Derivative Exposuer is 0.82%Note: Large Cap, Midcap and Small cap stocks as a % age of Net Assets: 49.01%, 41.94% & 3.65%.

Equity & Equity relatedReliance Industries Ltd. Petroleum Products 5.84HDFC Bank Ltd. Banks 4.53ICICI Bank Ltd. Banks 4.52CoromandelInternational Ltd. Fertilisers 3.91Hindustan Unilever Ltd. Consumer Non Durables 3.78SRF Ltd. Industrial Products 3.59Infosys Ltd. Software 3.44Dr Reddys Laboratories Ltd Pharmaceuticals 3.38Indraprastha Gas Ltd. Gas 3.14Gujarat State Petronet Ltd. Gas 2.95Larsen And Toubro Ltd. Construction Project 2.94Tata ConsultancyServices Ltd. Software 2.79Ultratech Cement Ltd. Cement 2.72ICICI Lombard GeneralInsurance Company Ltd Finance 2.59Petronet LNG Ltd. Gas 2.52AIA Engineering Limited Industrial Products 2.43Shree Cement Ltd. Cement 2.43DR.Lal Pathlabs Ltd Healthcare Services 2.16Max Financial Services Ltd. Finance 2.07Jindal Steel & Power Ltd. Ferrous Metals 2.02The Ramco Cements Ltd Cement 2.01Axis Bank Ltd Banks 1.99Page Industries Ltd Textile Products 1.88Bata India Ltd. Consumer Durables 1.87Thermax Ltd. Industrial Capital Goods 1.83Bharat Electronics Ltd Industrial Capital Goods 1.56Balkrishna Industries Ltd Auto Ancillaries 1.43Cummins India Ltd. Industrial Products 1.25United Breweries Ltd. Consumer Non Durables 1.19Britannia Industries Ltd. Consumer Non Durables 1.12Supreme Industries Limited Industrial Products 1.10JK Cement Ltd. Cement 1.07Schaeffler India Ltd Industrial Products 1.06Jubilant Foodworks Limited Consumer Non Durables 1.05Godrej Agrovet Ltd Consumer Non Durables 1.00

ABB Ltd. Industrial Capital Goods 0.99AU Small Finance Bank Ltd. Banks 0.98Linde India Ltd. Chemicals 0.92Kotak Mahindra Bank Ltd. Banks 0.81Blue Star Ltd. Consumer Durables 0.76GAIL (India) Ltd. Gas 0.72Kalpataru PowerTransmission Ltd. Power 0.61BEML Ltd Industrial Capital Goods 0.53Cholamandalam FinancialHoldings Limited Finance 0.51Dalmia Bharat Limited Cement 0.48State Bank Of India Banks 0.48Techno Electric & EngineeringCompany Limited Construction Project 0.27Heritage Foods Ltd Consumer Non Durables 0.26Reliance Industries Ltd -Partly Paid Shares Petroleum Products 0.14ABB Power Products andSystem India Limited Industrial Capital Goods 0.11Arvind Fashion Ltd. Retailing 0.05Equity & EquityRelated - Total 93.78Preference Shares 6% Redm Preference Sh ZeeEntertainment Enterprises Ltd. Media and Entertainment 0.01Preference Share - Total 0.01Futures Jubilant Foodworks Limited-JUN2020 0.59HDFC Bank Ltd.-JUN2020 0.21Petronet LNG Ltd.-JUN2020 0.02TERM DEPOSITS HDFC Bank Ltd. 1.00Term Deposits - Total 1.00Triparty Repo 6.41Net Current Assets/(Liabilities) -1.20Grand 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.Available Plans/OptionsA) B) Direct Plan Regular Plan Options: Dividend Payout, Dividend Reinvestment & Growth (applicable for all plans) Dividend FrequencyTrustee�s DiscretionRatios

$Source: ICRA MFI Explorer. 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 & aboveLoad 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: NILRevised exit load structure effective from May 13, 2020Total Expense Ratio**Regular: 2.10%; Direct: 0.90%

46.33%

0.95

-0.12

20.20%

Portfolio Turnover

$Beta

$Sharpe ##

$Standard Deviation

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

KOTAK EQUITY OPPORTUNITIES FUND



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).Alpha is difference of scheme return with benchmark return.Kotak Equity Opportunities Fund NAV as on May 29, 2020: ̀ 19.656 (Dividend Option), ̀ 21.499 (Direct Dividend Option), ̀ 106.206 (Growth Option), ̀ 114.848 (Direct Growth Option)*For Fund Manager experience, please refer page 57-59. ## Risk rate assumed to be 4.04% (FBIL Overnight MIBOR rate as on 29th May 2020).**Total Expense Ratio includes applicable B30 fee and GST.For last three dividends, please refer page no 60-62. For scheme performance, please refer page no 50-56.

7

Investment style


Large

Medium

Small


Upadhyaya*

AAUM: `2,885.54 crs

AUM: `3,009.46 crs




Riskometer


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Product Label





Scheme Returns (%)


Alpha

Nifty 200 (TRI) ( )#`




18,90,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000

50,03,594 18,99,314 10,52,658 6,28,392 3,32,861 1,08,972

11.42 8.89 6.36 1.83 -5.05 -16.79

8.97 6.64 4.11 0.42 -7.48 -21.98

2.45 2.26 2.25 1.41 2.43 5.20

40,20,131 16,87,134 9,71,751 6,06,406 3,20,274 1,05,419

40,42,396 16,77,504 9,75,953 6,20,547 3,27,748 1,05,176

9.03 6.53 4.23 1.33 -6.03 -22.34

31.17

18.71

14.64

15.95

0.89

14.47

15.67

11.63

2.59

8.71

12.26

6.235.30

0.77

3.91

5.60

3.38

2.78

3.21

Benchmark

Scheme

Financial Services Energy Industrial Manufacturing Consumer Goods Cement & Cement Products

Information Technology Cash & Cash Equivalent Fertilisers & Pesticides Pharma Construction

7

An open ended equity scheme investing in maximum 30 stocksin large-cap, mid-cap and small-cap category

Equity & Equity related

Reliance Industries Ltd. Petroleum Products 8.25

HDFC Bank Ltd. Banks 6.56

ICICI Bank Ltd. Banks 6.09

Infosys Ltd. Software 5.54

Bharti Airtel Ltd. Telecom - Services 5.35

Hindustan Unilever Ltd. Consumer Non Durables 5.21

Shree Cement Ltd. Cement 4.51

Larsen And Toubro Ltd. Construction Project 4.19

Tata Consultancy

Services Ltd. Software 4.08

Maruti Suzuki

India Limited Auto 3.74

Britannia Industries Ltd. Consumer Non Durables 3.32

Alkem Laboratories Ltd Pharmaceuticals 2.93

ICICI Lombard General

Insurance Company Ltd Finance 2.72

HDFC Standard Life

Insurance Company Ltd. Finance 2.58

Supreme Industries Limited Industrial Products 2.56

Gujarat Gas Ltd Gas 2.54

The Ramco Cements Ltd Cement 2.46

Kotak Mahindra Bank Ltd. Banks 2.43

Gujarat State Petronet Ltd. Gas 2.38

Axis Bank Ltd Banks 2.36

Max Financial Services Ltd. Finance 2.26

P I Industries Ltd Pesticides 2.22

Hindustan Petroleum

Corporation Ltd Petroleum Products 2.19

Page Industries Ltd Textile Products 2.17

SRF Ltd. Industrial Products 2.16

Kajaria Ceramics Ltd. Construction 1.39

Aavas Financiers Ltd Finance 1.33

Kalpataru Power

Transmission Ltd. Power 1.27

AU Small Finance Bank Ltd. Banks 1.25

Reliance Industries Ltd -

Partly Paid Shares Petroleum Products 0.20

Equity & Equity

Related - Total 96.24

Triparty Repo 4.07

Net Current Assets/

(Liabilities) -0.31

Grand Total 100.00



8

Investment ObjectiveThe investment objective of the scheme is to generate long-term capital appreciation/income by investing in equity & equity related instruments across market capitalization of up to 30 companies. However, there is no assurance that the objective of the scheme will be realized.








Riskometer

yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

This product is suitable for investors who are seeking*:� Long term capital growth� Investment in equity & equity related securities across market capitalisation in maximum 30 stocks* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Product Label

33.18%Portfolio Turnover

Fund Manager: Ms. Shibani Kurian & Mr. Harish Krishnan*

AAUM: ` crs 1,414.97

AUM: ` crs1,454.04


Allotment date: July 16, 2019

Folio count: 73,398

PORTFOLIO


Kotak Focused Equity Fund NAV as on May 29, 2020: ̀ 8.739 (Growth Option), ̀ 8.875 (Direct Growth Option), ̀ 8.739 (Dividend Option), ̀ 8.876 (Direct Dividend Option)*For Fund Manager experience, please refer page 57-59. **Total Expense Ratio includes applicable B30 fee and GST.

Investment style


Large

Medium

Small


KOTAK FOCUSED EQUITY FUND

18.69

10.64

9.62

8.89

8.53

6.97

5.35

4.92

4.72

4.19

17.48

Banks Petroleum Products Software Finance Consumer Non Durables Cement

Telecom - Services Gas Industrial Products Construction Project REST

33.33

29.61

16.49

13.68

13.41

12.95

14.66

12.08

5.54

5.19

2.41

4.61

2.89

4.28

3.59

3.91

3.35

3.502.82

Benchmark

Scheme

Financial Services Energy Consumer Goods Information Technology Automobile

Cement & Cement Products Construction Telecom Pharma Cash & Cash Equivalent

Term Deposit as provided above is towards margin for derivatives transactionsEquity Derivative Exposuer is 0.21%Note: Large Cap, Midcap and Small cap stocks as a % age of Net Assets: 81.36%, 12.95% & 3.25%.

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

$Source: ICRA MFI Explorer.

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 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: NILRevised exit load structure effective from May 13, 2020


Portfolio Turnover

$Beta

$Sharpe##

$Standard Deviation

34.77%

0.95

-0.13

19.85%

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.Alpha is difference of scheme return with benchmark returnKotak Bluechip Fund NAV as on May 29, 2020: ̀ 27.265 (Dividend Option), ̀ 30.206 (Direct Dividend Option), ̀ 202.936 (Growth Option), ̀ 219.441 (Direct Growth Option)*For Fund Manager experience, please refer page 57-59. ## Risk rate assumed to be 4.04% (FBIL Overnight MIBOR rate as on 29th May 2020).**Total Expense Ratio includes applicable B30 fee and GST.For last three dividends, please refer page no 60-62. For scheme performance, please refer page no 50-56.

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

KOTAK BLUECHIP FUND



PORTFOLIO




9

Fund Manager: Mr. Harish Krishnan*

AAUM: `1,356.21 crs

AUM: `1,406.16 crs

Benchmark: NIFTY 50 TRI

Allotment date: December 29, 1998


Investment style


Large

Medium

Small


Equity & Equity relatedReliance Industries Ltd. Petroleum Products 8.54HDFC Bank Ltd. Banks 7.55Infosys Ltd. Software 6.34ICICI Bank Ltd. Banks 5.69Tata ConsultancyServices Ltd. Software 4.57Bharti Airtel Ltd. Telecom - Services 3.93Hindustan Unilever Ltd. Consumer Non Durables 3.89Larsen And Toubro Ltd. Construction Project 3.55HDFC Ltd. Finance 3.36Axis Bank Ltd Banks 3.04Kotak Mahindra Bank Ltd. Banks 3.00Titan Company Ltd. Consumer Durables 2.02Hero MotoCorp Ltd. Auto 1.94Ultratech Cement Ltd. Cement 1.92Bharat PetroleumCorporation Ltd. Petroleum Products 1.84ICICI Lombard GeneralInsurance Company Ltd Finance 1.73Shree Cement Ltd. Cement 1.71ITC Ltd. Consumer Non Durables 1.68HDFC Standard LifeInsurance Company Ltd. Finance 1.64Cadila Healthcare Ltd. Pharmaceuticals 1.47Nestle India Ltd. Consumer Non Durables 1.25Maruti Suzuki India Limited Auto 1.23Persistent Systems Limited Software 1.22Asian Paints Ltd. Consumer Non Durables 1.20CoromandelInternational Ltd. Fertilisers 1.19Indraprastha Gas Ltd. Gas 1.18Container Corporationof India Ltd. Transportation 1.15Eicher Motors Ltd Auto 1.08SBI Cards & PaymentServices Pvt. Ltd. Finance 1.07Max Financial Services Ltd. Finance 1.02Britannia Industries Ltd. Consumer Non Durables 1.00The Ramco Cements Ltd Cement 1.00

Motherson SumiSystems Ltd. Auto Ancillaries 0.96Solar IndustriesIndia Limited Chemicals 0.95State Bank Of India Banks 0.92Pfizer Ltd. Pharmaceuticals 0.88National Thermal PowerCorporation Limited Power 0.78Tata ConsumerProducts Ltd Consumer Non Durables 0.78Bharat Electronics Ltd Industrial Capital Goods 0.74DR.Lal Pathlabs Ltd Healthcare Services 0.74Bajaj Finance Limited Finance 0.71Tata Steel Limited. Ferrous Metals 0.70United Breweries Ltd. Consumer Non Durables 0.70Inter Globe Aviation Ltd Transportation 0.69Gujarat State Petronet Ltd. Gas 0.67Page Industries Ltd Textile Products 0.67Dr Reddys Laboratories Ltd Pharmaceuticals 0.58Ipca Laboratories Ltd. Pharmaceuticals 0.58Schaeffler India Ltd Industrial Products 0.57Gujarat Gas Ltd Gas 0.51Rail Vikas Nigam Limited. Construction 0.46Mahindra LifespaceDevelopers Ltd Construction 0.29Havells India Ltd. Consumer Durables 0.26Reliance Industries Ltd -Partly Paid Shares Petroleum Products 0.21Equity & EquityRelated - Total 97.35Futures Britannia Industries Ltd.-JUN2020 0.21TERM DEPOSITS HDFC Bank Ltd. 0.37Term Deposits - Total 0.37Triparty Repo 3.42Net Current Assets/(Liabilities) -1.14Grand Total 100.00


20,80,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000

64,32,463 16,98,291 9,75,641 6,03,184 3,27,678 1,06,855

11.87 6.76 4.22 0.21 -6.04 -19.90

10.70 6.53 4.23 1.33 -6.03 -22.34

1.16 0.24 -0.01 -1.12 -0.01 2.44

57,20,069 16,77,504 9,75,953 6,20,547 3,27,748 1,05,176

58,86,328 17,22,888 9,97,918 6,36,947 3,34,394 1,05,015

10.99 7.04 4.86 2.36 -4.75 -22.57




Scheme Returns (%)


Alpha

Nifty 50 (TRI) ( )#`

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

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

7

Investment ObjectiveThe 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





14.46%

0.77

-0.34

25.16%

Portfolio Turnover

$Beta

$Sharpe##

$Standard Deviation

Equity & Equity related JK Cement Ltd. Cement 3.80Sheela Foam Ltd Consumer Durables 3.74Dixon Technologies India Ltd Consumer Durables 3.51Alkyl Amines Chemicals Ltd. Chemicals 3.45Amber Enterprises India Ltd Consumer Durables 3.15Galaxy Surfactants Ltd Chemicals 3.12Hawkins Cooker Ltd Household Appliances 3.10Century Plyboards (India) Ltd. Consumer Durables 2.96Techno Electric & EngineeringCompany Limited Construction Project 2.96Nilkamal Ltd Industrial Products 2.74Ratnamani Metals &Tubes Ltd. Ferrous Metals 2.59Prataap Snacks Ltd Consumer Non Durables 2.46APL Apollo Tubes Limited Ferrous Metals 2.40Blue Star Ltd. Consumer Durables 2.38P I Industries Ltd Pesticides 2.37The Ramco Cements Ltd Cement 2.33ICICI Bank Ltd. Banks 2.25Carborundum Universal Ltd. Industrial Products 2.15V.S.T Tillers Tractors Ltd Auto 2.15Solar IndustriesIndia Limited Chemicals 2.14Great Eastern ShippingCompany Ltd Transportation 2.12Lux Industries Limited Textile Products 2.06Supreme Industries Limited Industrial Products 1.92Dhanuka Agritech Ltd Pesticides 1.79Security and IntelligenceServices India Ltd Commercial Services 1.76Persistent Systems Limited Software 1.67Laurus Labs Ltd Pharmaceuticals 1.57JMC Projects (India) Ltd Construction 1.51Cadila Healthcare Ltd. Pharmaceuticals 1.48Heritage Foods Ltd Consumer Non Durables 1.47V-Guard Industries Ltd. Consumer Durables 1.43Atul Ltd. Chemicals 1.41

Apollo Pipes Ltd Industrial Products 1.40Blue Dart Express Ltd. Transportation 1.40AU Small Finance Bank Ltd. Banks 1.31Kajaria Ceramics Ltd. Construction 1.29Cyient Ltd. Software 1.18CoromandelInternational Ltd. Fertilisers 1.17Aavas Financiers Ltd Finance 0.98Shoppers Stop Ltd. Retailing 0.98Schaeffler India Ltd Industrial Products 0.97Thermax Ltd. Industrial Capital Goods 0.96Mahindra LifespaceDevelopers Ltd Construction 0.94WPIL Ltd Industrial Products 0.92Hindustan Oil ExplorationCompany Ltd. Oil 0.91Kewal KiranClothing Limited. Textile Products 0.83BEML Ltd Industrial Capital Goods 0.78Finolex Cables Ltd. Industrial Products 0.74Varroc Engineering Ltd. Auto Ancillaries 0.71Mahindra & MahindraFinancial Services Ltd. Finance 0.67Sandhar Technologies Ltd. Auto Ancillaries 0.57Hindustan PetroleumCorporation Ltd Petroleum Products 0.56Motherson SumiSystems Ltd. Auto Ancillaries 0.50RBL Bank Ltd Banks 0.50Shriram City UnionFinance Ltd. Finance 0.48Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.36Equity & EquityRelated - Total 97.05Triparty Repo 2.77Net Current Assets/(Liabilities) 0.18Grand Total 100.00

Note: Large Cap, Midcap and Small cap stocks as a % age of Net Assets: 3.67%, 25.21% & 68.17%.Equity Derivative Exposuer is 0.11%


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



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).Alpha is difference of scheme return with benchmark return.Kotak Small Cap Fund as on May 29, 2020: ̀ 26.049 (Dividend Option), ̀ 28.766 (Direct Dividend Option), ̀ 56.804 (Growth Option), ̀ 62.307 (Direct Growth Option)*For Fund Manager experience, please refer page 57-59. ## Risk rate assumed to be 4.04% (FBIL Overnight MIBOR rate as on 29th May 2020).**Total Expense Ratio includes applicable B30 fee and GST.For last three dividends, please refer page no 60-62. For scheme performance, please refer page no 50-56. $ With Effect from 1st November 2019, the Benchmark is changed to Nifty Small Cap 100 TRI from Nifty Small Cap 50 TRI.

10

Investment style


Large

Medium

Small

Fund Manager: Mr. Pankaj Tibrewal*AAUM: `1,228.79 crs

AUM: `1,242.41 crsBenchmark: NIFTY Smallcap 100 TRI $ Allotment date: February 24, 2005Folio count: 73,104

Riskometer


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Product Label







Scheme Returns (%)

Nifty Smallcap 100 (TRI) Returns (%)

Alpha

Nifty Smallcap 100 (TRI) ( )#`




18,40,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000

39,72,454 17,40,472 9,31,611 5,25,414 2,85,695 1,00,961

9.39 7.23 2.92 -5.22 -14.51 -28.35

2.83 -1.37 -6.61 -15.51 -28.08 -41.79

6.57 8.60 9.54 10.30 13.57 13.44

22,98,626 11,20,157 6,65,844 4,03,118 2,26,126 91,081

37,26,862 16,77,504 9,75,953 6,20,547 3,27,748 1,05,176

8.65 6.53 4.23 1.33 -6.03 -22.34

13.83

22.11

5.46

12.61

6.57

10.14

3.81

8.40

9.66

6.71

17.82

6.20

5.35

6.13

5.20

5.35

1.59

5.00

2.58

3.93

Benchmark

Scheme

Consumer Goods Industrial Manufacturing Chemicals Services Construction Financial Services

Cement & Cement Products Fertilisers & Pesticides Metals Automobile

29.68

18.99

15.70

13.72

13.84

13.65

1.98

10.31

2.59

7.44

5.98

5.84

11.61

5.56

2.98

5.404.11

5.69

3.29

Benchmark

Scheme

Financial Services Consumer Goods Energy Industrial Manufacturing Cement & Cement Products

Pharma Information Technology Construction Cash & Cash Equivalent Automobile

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 Fund. (applicable for all plans)


9.25%

0.95

-0.15

20.52%

Portfolio Turnover

$Beta

$Sharpe##

$Standard Deviation

Linde India Ltd. Chemicals 1.10Whirlpool of India Ltd. Consumer Durables 1.04ABB Ltd. Industrial Capital Goods 1.03Container Corporationof India Ltd. Transportation 1.00AIA Engineering Limited Industrial Products 0.97Bata India Ltd. Consumer Durables 0.97Blue Dart Express Ltd. Transportation 0.97Oil & Natural GasCorporation Ltd. Oil 0.97Blue Star Ltd. Consumer Durables 0.84Hindalco Industries Ltd Non - Ferrous Metals 0.81Kalpataru PowerTransmission Ltd. Power 0.80Max Financial Services Ltd. Finance 0.75APL Apollo Tubes Limited Ferrous Metals 0.74Dalmia Bharat Limited Cement 0.70Hawkins Cooker Ltd Household Appliances 0.61GAIL (India) Ltd. Gas 0.54Techno Electric & EngineeringCompany Limited Construction Project 0.50JMC Projects (India) Ltd Construction 0.49ABB Power Products andSystem India Limited Industrial Capital Goods 0.16Reliance Industries Ltd -Partly Paid Shares Petroleum Products 0.16Ksb Ltd Industrial Products 0.15Equity & EquityRelated - Total 95.87Preference Shares 6% Redm Preference Sh ZeeEntertainment Enterprises Ltd. Media and Entertainment 0.03Preference Share - Total 0.03Triparty Repo 4.13Net Current Assets/(Liabilities) -0.03Grand Total 100.00

Equity & Equity relatedReliance Industries Ltd. Petroleum Products 6.76ICICI Bank Ltd. Banks 5.48Hindustan Unilever Ltd. Consumer Non Durables 5.34HDFC Bank Ltd. Banks 4.44SRF Ltd. Industrial Products 3.56Larsen And Toubro Ltd. Construction Project 3.17Dr ReddysLaboratories Ltd Pharmaceuticals 3.16Axis Bank Ltd Banks 2.91Tata ConsultancyServices Ltd. Software 2.87Ultratech Cement Ltd. Cement 2.84Cadila Healthcare Ltd. Pharmaceuticals 2.68Infosys Ltd. Software 2.68Nestle India Ltd. Consumer Non Durables 2.56CoromandelInternational Ltd. Fertilisers 2.55Shree Cement Ltd. Cement 2.43Kotak Mahindra Bank Ltd. Banks 2.38Gujarat Gas Ltd Gas 1.99Bajaj Auto Ltd. Auto 1.97Thermax Ltd. Industrial Capital Goods 1.90United Breweries Ltd. Consumer Non Durables 1.63Jindal Steel & Power Ltd. Ferrous Metals 1.59AU Small Finance Bank Ltd. Banks 1.52ICICI Lombard GeneralInsurance Company Ltd Finance 1.52The Ramco Cements Ltd Cement 1.47Britannia Industries Ltd. Consumer Non Durables 1.35Balkrishna Industries Ltd Auto Ancillaries 1.31Cummins India Ltd. Industrial Products 1.28SKF India Ltd Industrial Products 1.26Gujarat State Petronet Ltd. Gas 1.25Rail Vikas Nigam Limited. Construction 1.24Hindustan PetroleumCorporation Ltd Petroleum Products 1.18Page Industries Ltd Textile Products 1.15Solar IndustriesIndia Limited Chemicals 1.15

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 FUND



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).Alpha is difference of scheme return with benchmark return.Kotak Tax Saver Fund NAV as on May 29, 2020: ̀ 14.92 (Dividend Option), ̀ 18.321 (Direct Dividend Option), ̀ 37.921 (Growth Option) ̀ 41.604 (Direct Growth Option)*For Fund Manager experience, please refer page 57-59. ## Risk rate assumed to be 4.04% (FBIL Overnight MIBOR rate as on 29th May 2020).**Total Expense Ratio includes applicable B30 fee and GST.For last three dividends, please refer page no 60-62. For scheme performance, please refer page no 50-56.

11

Investment style


Large

Medium

Small


Upadhyaya*

AAUM: `994.26 crs

AUM: `1,029.52 crs


Allotment date: November 23, 2005


Riskometer


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Product Label



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

33,43,358 17,84,824 10,25,662 6,11,417 3,26,261 1,05,907

8.39 7.71 5.63 0.74 -6.31 -21.28

7.95 6.47 3.86 -0.20 -8.42 -22.51

0.44 1.24 1.77 0.94 2.10 1.23

32,27,074 16,73,029 9,63,142 5,96,998 3,15,503 1,05,059

32,46,168 16,77,504 9,75,953 6,20,547 3,27,748 1,05,176

8.02 6.53 4.23 1.33 -6.03 -22.34




Scheme Returns (%)


Alpha

Nifty 500 (TRI) ( )#`



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 relatedReliance Industries Ltd. Petroleum Products 8.63HDFC Bank Ltd. Banks 5.89Infosys Ltd. Software 5.79ICICI Bank Ltd. Banks 5.76Larsen And Toubro Ltd. Construction Project 3.80Bharti Airtel Ltd. Telecom - Services 3.62Ultratech Cement Ltd. Cement 3.48Hindustan Unilever Ltd. Consumer Non Durables 3.34Tata ConsultancyServices Ltd. Software 3.01Shree Cement Ltd. Cement 2.50Torrent Pharmaceuticals Ltd. Pharmaceuticals 2.50Kotak Mahindra Bank Ltd. Banks 2.49Maruti Suzuki India Limited Auto 2.29Axis Bank Ltd Banks 2.27Cadila Healthcare Ltd. Pharmaceuticals 2.09HDFC Standard LifeInsurance Company Ltd. Finance 1.78Supreme Industries Limited Industrial Products 1.78Max Financial Services Ltd. Finance 1.76Gujarat State Petronet Ltd. Gas 1.65Gujarat Gas Ltd Gas 1.59Britannia Industries Ltd. Consumer Non Durables 1.44Mahindra & Mahindra Ltd. Auto 1.41ICICI Lombard GeneralInsurance Company Ltd Finance 1.38Titan Company Ltd. Consumer Durables 1.33Page Industries Ltd Textile Products 1.30Hindustan PetroleumCorporation Ltd Petroleum Products 1.26HCL Technologies Ltd. Software 1.22Petronet LNG Ltd. Gas 1.21SRF Ltd. Industrial Products 1.21Colgate Palmolive(India) Ltd. Consumer Non Durables 1.20Hero MotoCorp Ltd. Auto 1.18CoromandelInternational Ltd. Fertilisers 1.13Container Corporationof India Ltd. Transportation 1.12National Thermal PowerCorporation Limited Power 1.11

AU Small FinanceBank Ltd. Banks 1.08Bharat PetroleumCorporation Ltd. Petroleum Products 1.05Bharat Electronics Ltd Industrial Capital Goods 0.97Voltas Ltd. Consumer Durables 0.97Kalpataru PowerTransmission Ltd. Power 0.85Jindal Steel & Power Ltd. Ferrous Metals 0.84ITC Ltd. Consumer Non Durables 0.81Kajaria Ceramics Ltd. Construction 0.79JubilantFoodworks Limited Consumer Non Durables 0.71Aavas Financiers Ltd Finance 0.62Exide Industries Ltd Auto Ancillaries 0.62SBI Life InsuranceCompany Ltd Finance 0.61Bajaj Finance Limited Finance 0.57State Bank Of India Banks 0.57HDFC Ltd. Finance 0.49The Ramco Cements Ltd Cement 0.47Alkem Laboratories Ltd Pharmaceuticals 0.45Dr Reddys Laboratories Ltd Pharmaceuticals 0.36Inter Globe Aviation Ltd Transportation 0.33Reliance Industries Ltd -Partly Paid Shares Petroleum Products 0.21Cummins India Ltd. Industrial Products 0.20Sun PharmaceuticalsIndustries Ltd. Pharmaceuticals 0.10Equity & EquityRelated - Total 97.19Debt Instruments Debentures and Bonds Corporate Debt/Financial Institutions Britannia Industries Ltd. ( ) CRISIL AAA 0.01Corporate Debt/FinancialInstitutions - Total 0.01Triparty Repo 2.86Net Current Assets/(Liabilities) -0.06Grand 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.

Available Plans/OptionsA) B) Direct Plan Regular Plan



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 after 1 year from the date of allotment: NILRevised exit load structure effective from May 13, 2020


Portfolio Turnover

$Beta

$Sharpe##

$Standard Deviation

49.12%

1.00

-0.03

20.73%

yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

An open-ended equity scheme following contrarian investment strategy

KOTAK INDIA EQ CONTRA FUND



PORTFOLIO




12

Product Label

Fund Manager: Ms. Shibani Kurian*

AAUM: `690.20 crs

AUM: `708.81 crs

Benchmark: NIFTY 100 TRI


Folio count: 55,375

Investment style


Large

Medium

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).Alpha is difference of scheme return with benchmark return.Kotak India EQ Contra Fund NAV as on May 29, 2020: ̀ 16.032 (Dividend Option), ̀ 18.21 (Direct Dividend Option), ̀ 43.811 (Growth Option), ̀ 48.206 (Direct Growth Option)*For Fund Manager experience, please refer page 57-59. ## Risk rate assumed to be 4.04% (FBIL Overnight MIBOR rate as on 29th May 2020).**Total Expense Ratio includes applicable B30 fee and GST.For last three dividends, please refer page no 60-62. For scheme performance, please refer page no 50-56.

Monthly SIP of 10000(`)



Scheme Returns (%)


Alpha

Nifty 100 (TRI) ( )#`




17,90,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000

35,69,390 17,39,261 9,88,483 6,15,312 3,21,271 1,04,534

8.71 7.22 4.59 1.00 -7.28 -23.26

8.77 6.96 4.52 1.22 -6.32 -21.29

-0.06 0.25 0.07 -0.22 -0.96 -1.97

35,86,272 17,16,289 9,85,951 6,18,775 3,26,204 1,05,896

34,40,177 16,77,504 9,75,953 6,20,547 3,27,748 1,05,176

8.27 6.53 4.23 1.33 -6.03 -22.34

32.57

25.24

15.11

17.56

12.73

10.01

15.47

9.79

2.61

6.44

5.36

5.49

4.97

5.49

2.69

4.59

0.21

4.16

3.19

3.62

Benchmark

Scheme

Financial Services Energy Information Technology Consumer Goods Cement & Cement Products

Automobile Pharma Construction Industrial Manufacturing Telecom

For viewing detailed portfolio of CI Signature Global Technology Corporate Class on desktop please visit: Kotak MF website>> Forms & Essentials>>Portfolios>> CI Signature Global Technology Corporate Class. Also you can scan the QR code for CI Signature Global Technology Corporate Class portfolio.

Investment ObjectiveThe investment objective of the scheme is to generate capital appreciation from a diversified portfolio of equity, equity related instruments and units of global mutual funds which invests into such companies that utilize new forms of production, technology, distribution or processes which are likely to challenge existing markets or value networks, or displace established market leaders, or bring in novel products and/or business models.However, there can be no assurance that the investment objective of the Scheme will be realized.Available Plans/OptionsA) B) Direct Plan Regular PlanOptions: Dividend Payout, Dividend Reinvestment & Growth (applicable for all plans) Dividend FrequencyTrustee�s DiscretionRatios

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 & aboveLoad 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: NILRevised exit load structure effective from May 13, 2020Total Expense Ratio**Regular: 2.27%; Direct: 0.55%

Equity & Equity relatedReliance Industries Ltd. Petroleum Products 9.46HDFC Bank Ltd. Banks 7.22

Titan Company Ltd. Consumer Durables 4.81Maruti Suzuki India Limited Auto 3.83Cadila Healthcare Ltd. Pharmaceuticals 2.89

Sun Pharmaceuticals

Industries Ltd. Pharmaceuticals 2.88Mahindra & Mahindra Ltd. Auto 2.58

Tata ConsumerProducts Ltd Consumer Non Durables 2.41Bajaj Finance Limited Finance 2.30

HDFC Standard LifeInsurance Company Ltd. Finance 2.23

Bharat Forge Ltd. Industrial Products 2.20

Container Corporation

of India Ltd. Transportation 2.17

AIA Engineering Limited Industrial Products 2.08

Inter Globe Aviation Ltd Transportation 1.90Motherson SumiSystems Ltd. Auto Ancillaries 1.88

Lupin Ltd. Pharmaceuticals 1.66P I Industries Ltd Pesticides 1.64

Indiamart intermesh ltd. Retailing 1.63

Divi s Laboratories Limited Pharmaceuticals 1.57SBI Cards & Payment

Services Pvt. Ltd. Finance 1.50Solar IndustriesIndia Limited Chemicals 1.47

Trent Ltd Retailing 1.45Thermax Ltd. Industrial Capital Goods 1.44

Thematic - An open ended equity scheme investing in pioneering innovations theme.



PORTFOLIO

Kotak Pioneer Fund NAV as on May 29, 2020: ̀ 8.751 (Dividend Option), ̀ 8.842 (Direct Dividend Option), ̀ 8.751 (Growth Option), ̀ 8.842 (Direct Growth Option)*For Fund Manager experience, please refer page 57-59. **Total Expense Ratio includes applicable B30 fee and GST.

13

Investment style


Large

Medium

Small

Fund Manager: Mr. Harish Krishnan & Mr. Arjun Khanna*AAUM: `592.71 crs AUM: `608.54 crsBenchmark: 85% IISL Kotak India Pioneering Innovations + 15% MSCI ACWI Information Technology Index TRI.Allotment date: October 31, 2019Folio count: 30,672

Product Label


Gujarat State Petronet Ltd. Gas 1.30Tata Motors Ltd. Auto 1.25

Persistent Systems Limited Software 1.15ABB Ltd. Industrial Capital Goods 1.10APL Apollo Tubes Limited Ferrous Metals 1.09

ICICI Lombard GeneralInsurance Company Ltd Finance 1.07Schaeffler India Ltd Industrial Products 1.05

Ratnamani Metals &

Tubes Ltd. Ferrous Metals 0.94Page Industries Ltd Textile Products 0.93

GE Power India Limited Industrial Capital Goods 0.81Igarashi Motors India Ltd. Auto Ancillaries 0.74

Mahindra Lifespace

Developers Ltd Construction 0.61Affle (India) Ltd. Software 0.48


Partly Paid Shares Petroleum Products 0.23ABB Power Products and

System India Limited Industrial Capital Goods 0.20

Equity & EquityRelated - Total 76.15Mutual Fund Units

Signature Global Technology

Corporate Class Fund - 994 Overseas Mutual Fund 21.15

Mutual Fund Units - Total 21.15Triparty Repo 2.89Net Current Assets/(Liabilities) -0.19Grand Total 100.00

KOTAK PIONEER FUND

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

companies operating with pioneering innovations theme without any market capitalisation and sector bias.

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

Investors understand that their principal will be at high risk

yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Riskometer



21.159.69

9.007.66

7.227.10

5.334.81

4.073.55

20.42

Overseas Mutual Fund Petroleum Products Pharmaceuticals Auto Banks Finance

Industrial Products Consumer Durables Transportation Industrial Capital Goods REST

15.67

20.01

31.17

17.04

14.64

15.44

5.83

10.84

5.60

8.49

2.59

6.48

2.78

6.22

0.89

4.58

2.89

3.77

12.26

2.58

Benchmark

Scheme

Consumer Goods Financial Services Energy Automobile Pharma Cement & Cement Products

Construction Industrial Manufacturing Telecom Information Technology

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)

Total Expense Ratio**Regular:1.28%; Direct: 0.34%


Equity & Equity related ITC Ltd. Consumer Non Durables 7.47ICICI Bank Ltd. Banks 6.94Reliance Industries Ltd. Petroleum Products 5.33Mahindra & Mahindra Ltd. Auto 4.24Hero MotoCorp Ltd. Auto 4.11National Thermal PowerCorporation Limited Power 3.91Bharti Airtel Ltd. Telecom - Services 3.77Britannia Industries Ltd. Consumer Non Durables 3.46Kotak Mahindra Bank Ltd. Banks 2.84The Ramco Cements Ltd Cement 2.61Infosys Ltd. Software 2.58SRF Ltd. Industrial Products 2.56Axis Bank Ltd Banks 2.34State Bank Of India Banks 2.03Indiamart intermesh ltd. Retailing 1.99FDC LTD Pharmaceuticals 1.97Solara Active PharmaSciences Ltd. Pharmaceuticals 1.97Larsen And Toubro Ltd. Construction Project 1.96CESC Ltd. Power 1.92Emami Ltd. Consumer Non Durables 1.92Bharat PetroleumCorporation Ltd. Petroleum Products 1.87Hindustan Unilever Ltd. Consumer Non Durables 1.86Ultratech Cement Ltd. Cement 1.63Maruti Suzuki India Limited Auto 1.53JMC Projects (India) Ltd Construction 1.51Cadila Healthcare Ltd. Pharmaceuticals 1.50Hindustan PetroleumCorporation Ltd Petroleum Products 1.48Century Plyboards(India) Ltd. Consumer Durables 1.26Dr Reddys Laboratories Ltd Pharmaceuticals 1.25JK Cement Ltd. Cement 1.12Shree Cement Ltd. Cement 1.12Thermax Ltd. Industrial Capital Goods 1.05

Sun TV Network Ltd. Media and Entertainment 1.02Laurus Labs Ltd Pharmaceuticals 1.00Rail Vikas Nigam Limited. Construction 0.93Prataap Snacks Ltd Consumer Non Durables 0.92HDFC Standard LifeInsurance Company Ltd. Finance 0.88PNC Infratech Ltd Construction 0.85Kalpataru PowerTransmission Ltd. Power 0.80Alkem Laboratories Ltd Pharmaceuticals 0.79Bharat Electronics Ltd Industrial Capital Goods 0.76Dhanuka Agritech Ltd Pesticides 0.67Saregama India Ltd. Media and Entertainment 0.57Tata Motors Ltd. Auto 0.51KNR Constructions Ltd. Construction 0.49Mahindra LifespaceDevelopers Ltd Construction 0.48CESC Ventures Ltd. Software 0.40Reliance Industries Ltd -Partly Paid Shares Petroleum Products 0.13Eris Lifesciences Ltd Pharmaceuticals 0.02Equity & EquityRelated - Total 94.32Futures HDFC Bank Ltd.-JUN2020 2.01Jubilant Foodworks Limited-JUN2020 1.13Tata Motors Ltd.-JUN2020 0.45Bharat Electronics Ltd-JUN2020 0.21TERM DEPOSITS HDFC Bank Ltd. 1.80Term Deposits - Total 1.80Triparty Repo 4.03Net Current Assets/(Liabilities) -0.15Grand 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 May 29, 2020: ̀ 8.736 (Dividend Option), ̀ 8.914 (Direct Dividend Option), ̀ 8.735 (Growth Option), ̀ 8.922 (Direct Growth Option)*For Fund Manager experience, please refer page 57-59. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 50-56.

Investment style


Large

Medium

Small

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

AAUM: `360.18 crs

AUM: `374.09 crs


Allotment date: February 20, 2018

Folio count: 15,133


Riskometer

yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Product Label


14

Term Deposit as provided above is towards margin for derivatives transactionsEquity Derivative Exposuer is 3.80%

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






Equity & Equity related Reliance Industries Ltd. Petroleum Products 9.54HDFC Bank Ltd. Banks 7.85Titan Company Ltd. Consumer Durables 5.72Maruti Suzuki India Limited Auto 4.83Sun PharmaceuticalsIndustries Ltd. Pharmaceuticals 3.55P I Industries Ltd Pesticides 3.39SRF Ltd. Industrial Products 3.30APL Apollo Tubes Limited Ferrous Metals 3.21Motherson SumiSystems Ltd. Auto Ancillaries 2.79Cadila Healthcare Ltd. Pharmaceuticals 2.77Solar IndustriesIndia Limited Chemicals 2.60Indiamart intermesh ltd. Retailing 2.58Ratnamani Metals &Tubes Ltd. Ferrous Metals 2.51CoromandelInternational Ltd. Fertilisers 2.42Tata Motors Ltd. Auto 2.40Persistent Systems Limited Software 2.39SBI Cards & PaymentServices Pvt. Ltd. Finance 2.32Bajaj Finance Limited Finance 2.21Inter Globe Aviation Ltd Transportation 2.12AIA Engineering Limited Industrial Products 2.01Schaeffler India Ltd Industrial Products 1.93Amara Raja Batteries Ltd. Auto Ancillaries 1.90Container Corporationof India Ltd. Transportation 1.88

Gujarat Gas Ltd Gas 1.88Bharat Forge Ltd. Industrial Products 1.72HDFC Standard LifeInsurance Company Ltd. Finance 1.70GE Power India Limited Industrial Capital Goods 1.65Lupin Ltd. Pharmaceuticals 1.59Affle (India) Ltd. Software 1.51ABB Ltd. Industrial Capital Goods 1.42Rail Vikas Nigam Limited. Construction 1.42Mahindra LifespaceDevelopers Ltd Construction 1.31CRISIL Ltd. Finance 1.13ICICI Lombard GeneralInsurance Company Ltd Finance 1.08Hindustan Oil ExplorationCompany Ltd. Oil 0.99Saregama India Ltd. Media and Entertainment 0.76Vinati Organics Ltd Chemicals 0.62Reliance Industries Ltd -Partly Paid Shares Petroleum Products 0.26Indian Railway Catering AndTourism Corporation Ltd Services 0.19ABB Power Products andSystem India Limited Industrial Capital Goods 0.16Equity & EquityRelated - Total 95.61Triparty Repo 4.46Net Current Assets/(Liabilities) -0.07Grand Total 100.00

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




PORTFOLIO



Investment style


Large

Medium

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: `298.35 crs

AUM: `306.87 crs


Allotment date: May 15, 2018

Folio count: 4,604


15

18.42

16.28

12.59

12.67

5.12

12.18

17.94

11.92

17.98

8.30

14.56

7.91

1.19

5.81 5.72 4.40

3.17

4.20

Benchmark

Scheme

Financial Services Energy Industrial Manufacturing Automobile Consumer Goods

Pharma Fertilisers & Pesticides Metals Cash & Cash Equivalent Services

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.Available Plans/OptionsA) Regular Plan B) Direct Plan Options: Dividend Payout, Dividend ..........Reinvestment & Growth (applicable for all plans) Dividend FrequencyTrustee�s DiscretionRatios

Source: $ICRA MFI Explorer. 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 & aboveLoad 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: NILRevised exit load structure effective from May 13, 2020Total Expense Ratio**Regular: 2.49%; Direct: 1.34%

7

6.25%

1.01

-0.43

24.14%

Portfolio Turnover

$Beta

$Sharpe##

$Standard Deviation




Ultratech Cement Ltd. Cement 6.31

Solar Industries

India Limited Chemicals 5.68


AIA Engineering Limited Industrial Products 4.46

Thermax Ltd. Industrial Capital Goods 4.22


Indraprastha Gas Ltd. Gas 3.45

Schaeffler India Ltd Industrial Products 3.40



Gujarat Gas Ltd Gas 3.20

National Thermal Power

Corporation Limited Power 3.03


H G Infra Engineering Ltd. Construction Project 2.94

The Ramco Cements Ltd Cement 2.67

GE Power India Limited Industrial Capital Goods 2.55

APL Apollo Tubes Limited Ferrous Metals 2.35

Ratnamani Metals &

Tubes Ltd. Ferrous Metals 2.33

Rail Vikas Nigam Limited. Construction 2.26

PNC Infratech Ltd Construction 2.22

Bharat Electronics Ltd Industrial Capital Goods 2.14

JMC Projects (India) Ltd Construction 2.13

SKF India Ltd Industrial Products 1.92

Kajaria Ceramics Ltd. Construction 1.77

BEML Ltd Industrial Capital Goods 1.67

Cummins India Ltd. Industrial Products 1.67

Hindustan Oil Exploration

Company Ltd. Oil 1.64

GAIL (India) Ltd. Gas 1.23

Kalpataru Power


Mahindra Lifespace

Developers Ltd Construction 1.03

ABB Ltd. Industrial Capital Goods 0.99

WPIL Ltd Industrial Products 0.93

Techno Electric & Engineering

Company Limited Construction Project 0.84

Sadbhav Engineering Ltd. Construction Project 0.42

ABB Power Products and

System India Limited Industrial Capital Goods 0.22



Equity & Equity


Triparty Repo 0.80

Net Current Assets/

(Liabilities) 0.63

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



yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

An open ended equity scheme following infrastructure & Economic Reform theme

KOTAK INFRASTRUCTURE &ECONOMIC REFORM FUND



PORTFOLIO




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).Alpha is difference of scheme return with benchmark return.Kotak Infrastructure & Economic Reform Fund NAV as on May 29, 2020: ̀ 12.039 (Dividend Option), ̀ 16.372 (Direct Dividend Option), ̀ 15.053 (Growth Option), ̀ 16.56 (Direct Growth Option)*For Fund Manager experience, please refer page 57-59. ## Risk rate assumed to be 4.04% (FBIL Overnight MIBOR rate as on 29th May 2020).**Total Expense Ratio includes applicable B30 fee and GST.For last three dividends, please refer page no 60-62. For scheme performance, please refer page no 50-56.

16

Investment style


Large

Medium

Small

Fund Manager: Mr. Harish Krishnan*

AAUM: `220.35 crs

AUM: `225.84 crs

Benchmark: India Infrastructure

Index (Customised

Index by IISL)

Allotment date: February 25, 2008

Folio count: 20,709

Riskometer

Product Label


Monthly SIP of ) 10000(`



Scheme Returns (%)

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

Alpha

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




14,80,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000

21,03,377 14,70,469 8,52,495 4,98,586 2,74,586 97,634

5.52 3.99 0.42 -7.26 -16.89 -32.98

-0.54 -1.49 -3.66 -7.59 -15.09 -26.63

6.06 5.48 4.08 0.33 -1.80 -6.35

14,31,049 11,13,699 7,38,286 4,94,438 2,82,947 1,02,179

24,24,458 16,77,504 9,75,953 6,20,547 3,27,748 1,05,176

7.68 6.53 4.23 1.33 -6.03 -22.34

8.78

27.85

8.36

20.18

26.30

18.35

14.58

15.435.67

4.41

4.68

6.03

3.33

16.71

2.951.56

3.35

Benchmark

Scheme

Industrial Manufacturing Construction Energy Cement & Cement Products Chemicals

Metals Services Telecom Cash & Cash Equivalent Consumer Goods

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











Tata Consultancy




Maruti Suzuki India Limited Auto 2.72




Coromandel

International Ltd. Fertilisers 2.45

SRF Ltd. Industrial Products 2.37

Torrent Pharmaceuticals Ltd. Pharmaceuticals 2.36


HDFC Standard Life

Insurance Company Ltd. Finance 2.26

Gujarat State Petronet Ltd. Gas 1.99

Bharat Petroleum

Corporation Ltd. Petroleum Products 1.77


HDFC Ltd. Finance 1.36

Colgate Palmolive

(India) Ltd. Consumer Non Durables 1.33

AU Small Finance

Bank Ltd. Banks 1.22

Kalpataru Power


ICICI Lombard General

Insurance Company Ltd Finance 1.18

Aavas Financiers Ltd Finance 1.04



Dr Reddys Laboratories Ltd Pharmaceuticals 0.88

Bajaj Finance Limited Finance 0.77



Equity & Equity


Options

CNX NIFTY - 11400.000 -

Put Option - June 2021 12.12

CNX NIFTY - 11200.000 -

Put Option - June 2021 3.65

Options - Total 15.77

Net Current Assets/

(Liabilities) 0.79

Grand Total 100.00

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




PORTFOLIO



Investment style


Large

Medium

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: Ms. Shibani Kurian*

AAUM: `32.13 crs

AUM: `32.40 crs


Allotment date: August 31, 2018

Folio count: 561


17


Term Deposit as provided above is towards margin for derivatives transactionsEquity Derivative Exposuer is 15.77%

33.33

27.4215.76

16.49

14.16

14.66

8.947.25

2.41

5.214.65

3.48

3.35

3.24

3.59

2.87

Benchmark

Scheme

Financial Services Others Energy Information Technology Consumer Goods

Cement & Cement Products Industrial Manufacturing Construction Pharma Telecom

13.41 2.89

For detailed portfolio log on to

www.kotakmf.com/funds/equity-funds/Kotak-Equity-Arbitrage-Fund/Reg-G

Also you can scan the QR code for detailed portfolio.

Maturity

Short Medium Long Volatility

Low

Medium

High

7

An open-ended scheme investing in arbitrage opportunities

KOTAK EQUITY ARBITRAGE FUND

Fund Manager: Mr. Hiten Shah*

AAUM: `13,414.50 crs

AUM: `14,663.37 crs

Benchmark: Nifty 50 Arbitrage Index


Folio count: 37,103

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 57-59, Mr. Hiten Shah has been managing the fund since 03/10/2019. ## Risk rate assumed to be 4.04% (FBIL Overnight MIBOR rate as on 29th May 2020).**Total Expense Ratio includes applicable B30 fee and GST.For last three dividends, please refer page no 60-62. For scheme performance, please refer page no 50-56.


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


HDFC Ltd. Finance 6.26 -6.22

Bharti Airtel Ltd. Telecom - Services 4.62 -4.61

Hindustan Unilever Ltd. Consumer Non Durables 4.34 -3.04

ICICI Bank Ltd. Banks 3.92 -3.88

Axis Bank Ltd Banks 2.68 -2.66

Infosys Ltd. Software 2.38 -2.36

Reliance Industries Ltd. Petroleum Products 2.14 -2.13

Tata Consultancy Services Ltd. Software 2.09 -2.08

State Bank Of India Banks 1.80 -1.78

Dr Reddys Laboratories Ltd Pharmaceuticals 1.17 -1.16

Others 35.20 -34.64

Equity & Equity Related - Total 66.60 -64.56

Mutual Fund Units 7.07

Reverse Repo 6.82

TERM DEPOSITS 18.81

Triparty Repo 4.28

Net Current Assets/(Liabilities) -3.58

Grand Total 100.00

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


342.09%

0.39

3.91

0.54%

Portfolio Turnover

$Beta

$Sharpe##

$Standard Deviation

Top 10 Holdings

Kotak Equity Arbitrage Fund NAV as on May 29, 2020: ̀ 10.7545 (Monthly Dividend Option), ̀ 11.2367 (Direct Monthly Dividend Option), ̀ 28.427 (Growth Option), `29.4879 (Direct Growth Option), `20.0643 (Bimonthly Dividend), `20.2577 (Direct Bimonthly Dividend), ̀ 23.1909 (Fortnightly Dividend), ̀ 23.6735 (Direct Fortnightly Dividend)


Term Deposit as provided above is towards margin for derivatives transactions

18

29.9110.36

9.488.11

7.77.07

5.684.62

4.052.64

10.38

TREP & Term Deposits & Rev.Repo Finance Banks Consumer Non Durables Software

Unrated Pharmaceuticals Telecom - Services Petroleum Products Auto REST


www.kotakmf.com/funds/hybrid-funds/Kotak-Balanced-Advantage-Fund/Reg-%20G


7

An open ended dynamic asset allocation fund

KOTAK BALANCEDADVANTAGE FUND


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.


Product Label

Fund Manager: Mr. Harish Krishnan

Mr. Hiten Shah

Mr. Abhishek Bisen*

AAUM: `3,483.66 crs

AUM: `3,583.57 crs

Benchmark: NIFTY 50 Hybrid Composite Debt

50:50 Index


Folio count: 89,262


Investment style


Large

Medium

Small

Maturity


Low

Medium

High

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





Equity & Equity related Reliance Industries Ltd. Petroleum Products 5.09 HDFC Bank Ltd. Banks 3.92 ICICI Bank Ltd. Banks 3.09 Infosys Ltd. Software 3.00 Bharti Airtel Ltd. Telecom - Services 2.59 Tata Consultancy Services Ltd. Software 2.38 Reliance Industries Ltd - Partly Paid Shares Petroleum Products 2.25 Hindustan Unilever Ltd. Consumer Non Durables 2.07 Larsen And Toubro Ltd. Construction Project 1.98 Axis Bank Ltd Banks 1.98 Others 46.08 -1.98Equity & Equity Related - Total 74.43 -1.98Mutual Fund Units 1.87 Debt Instruments Debentures and Bonds 12.37 Government Dated Securities 6.08 TERM DEPOSITS 2.03 Triparty Repo 2.36 Net Current Assets/(Liabilities) 0.86 Grand Total 100.00

Top 10 Holdings

Kotak Balanced Advantage Fund � Asset Allocation

Source: Internal Analysis. As on 31st May 2020. Automatic: A fund that gives you freedom from managingequity and debt allocation manually during the market ups and down, giving you a balanced growth.Mutual fund investment are subject to market risk, read all scheme related documents carefully


19



Scheme Inception : - August 03,2018. 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). The debt component of the index is TRI since inception.*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. Alpha is difference of scheme return with benchmark return.Kotak Balanced Advantage Fund NAV as on : ̀ 10.119 (Dividend Option), ̀ 10.317 (Direct Dividend Option), ̀ 10.119 (Growth Option) ̀ 10.318 (Direct Growth Option)May 29, 2020*For Fund Manager experience, please refer page 57-59, Mr. Hiten Shah has been managing the fund since 03/10/2019. **Total Expense Ratio includes applicable B30 fee and GST. For last three dividends, please refer page no 60-62. For scheme performance, please refer page no 50-56.


Since Inception 1 year 2,20,000 1,20,000 2,15,386 1,14,781

-2.22 -8.07 0.86 -3.81 -3.08 -4.26

2,21,800 1,17,551

1,92,907 1,05,176 -13.18 -22.34


Total amount invested ( )`Total Value as on May 29, 2020 ( )`

Scheme Returns (%)NIFTY 50 Hybrid Composite Debt 50:50 Index Returns (%) AlphaNIFTY 50 Hybrid Composite Debt 50:50 Index ( )# `



12.3712.05

9.807.08

6.966.48

6.084.71

4.393.81

26.27

Debentures and Bonds Banks Petroleum Products Consumer Non Durables Software Finance

Government Dated Securities Cement TREP & Term Deposits & Rev.Repo Auto REST

10930

10030

10604

11157

1094612025

7610.25

9580.3

25.5

51.8

35.835.2

43.538.1

79.0 74.3

20.0

30.0

40.0

50.0

60.0

70.0

80.0

90.0

7000

8000

9000

10000

11000

12000

Au

g-18

Oct-18

No

v-18

Jan-19

Feb-19

Ap

r-19

May-19

Jul-19

Au

g-19

Oct-19

No

v-19

Jan-20

Feb-20

Ap

r-20

May-20

Nifty 50 KBAF Net Equity

Nifty 50 IndexValue (LHS)

K-BAF Net Equity (RHS)

KBAF – It’s Automatic

Portfolio Details % of Net AssetsNet Equity 72.45Arbitrage 2.18

Debt and Cash 25.37

7

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

KOTAK EQUITY HYBRID FUND


Equity & Equity related HDFC Bank Ltd. Banks 5.89ICICI Bank Ltd. Banks 5.57Reliance Industries Ltd. Petroleum Products 3.44Kotak Mahindra Bank Ltd. Banks 3.16Infosys Ltd. Software 3.11Larsen And Toubro Ltd. Construction Project 3.04Dr Reddys Laboratories Ltd Pharmaceuticals 2.56JK Cement Ltd. Cement 2.51State Bank Of India Banks 2.18Axis Bank Ltd Banks 2.17Tata ConsultancyServices Ltd. Software 2.05HDFC Ltd. Finance 2.02The Ramco Cements Ltd Cement 1.97Sun PharmaceuticalsIndustries Ltd. Pharmaceuticals 1.84Thermax Ltd. Industrial Capital Goods 1.80Bharat PetroleumCorporation Ltd. Petroleum Products 1.65Solar Industries India Limited Chemicals 1.55Shree Cement Ltd. Cement 1.50ITC Ltd. Consumer Non Durables 1.38Cadila Healthcare Ltd. Pharmaceuticals 1.31Techno Electric & EngineeringCompany Limited Construction Project 1.27P I Industries Ltd Pesticides 1.26Schaeffler India Ltd Industrial Products 1.26ICICI Lombard GeneralInsurance Company Ltd Finance 1.22Supreme Industries Limited Industrial Products 1.19Galaxy Surfactants Ltd Chemicals 1.14Mahindra & Mahindra Ltd. Auto 1.13V.S.T Tillers Tractors Ltd Auto 1.09APL Apollo Tubes Limited Ferrous Metals 1.04Maruti Suzuki India Limited Auto 1.03Gujarat Gas Ltd Gas 1.02GAIL (India) Ltd. Gas 1.00Century Plyboards (India) Ltd. Consumer Durables 0.97National Thermal PowerCorporation Limited Power 0.93Eicher Motors Ltd Auto 0.88Coromandel International Ltd. Fertilisers 0.86HDFC Standard LifeInsurance Company Ltd. Finance 0.81Lupin Ltd. Pharmaceuticals 0.77Hindustan Unilever Ltd. Consumer Non Durables 0.71Kajaria Ceramics Ltd. Construction 0.71AU Small Finance Bank Ltd. Banks 0.69Bajaj Auto Ltd. Auto 0.65Oil & Natural GasCorporation Ltd. Oil 0.64Emami Ltd. Consumer Non Durables 0.63Motherson Sumi Systems Ltd. Auto Ancillaries 0.59Mahindra LifespaceDevelopers Ltd Construction 0.54MRF Limited Auto Ancillaries 0.53

Dixon Technologies India Ltd Consumer Durables 0.46JMC Projects (India) Ltd Construction 0.43Kirloskar Oil Engines Ltd. Industrial Products 0.31Finolex Cables Ltd. Industrial Products 0.29Exide Industries Ltd Auto Ancillaries 0.28SBI Cards & PaymentServices Pvt. Ltd. Finance 0.25Mahindra & MahindraFinancial Services Ltd. Finance 0.11Reliance Industries Ltd -Partly Paid Shares Petroleum Products 0.08Equity & EquityRelated - Total 77.47Debt Instruments Debentures and Bonds Corporate Debt/Financial Institutions Tata Steel Ltd. CARE AA- 1.88Bahadur Chand InvestmentsPrivate Limited ICRA AA 0.88Shriram TransportFinance Co Ltd. CRISIL AA+ 0.21Reliable Devices Trust( Underlying customerReliance Retail ) ICRA AAA(SO) 0.14LIC Housing Finance Ltd. CRISIL AAA 0.05Corporate Debt/FinancialInstitutions - Total 3.16Public SectorUndertakings National HighwaysAuthority Of India CRISIL AAA 3.86Rural ElectrificationCorporation Ltd. CRISIL AAA 1.91Canara Bank FITCH IND AAA 1.33U P Power Corporation Ltd( Guaranteed By UPState Government ) CRISIL A+(CE) 1.31Power FinanceCorporation Ltd. CRISIL AAA 0.44National Bank for Agriculture& Rural Development CRISIL AAA 0.07Public SectorUndertakings - Total 8.92GovernmentDated Securities 6.19% Central Government SOV 5.687.57% Central Government SOV 1.477.26% Central Government SOV 1.43Government DatedSecurities - Total 8.58Triparty Repo 4.96Net Current Assets/(Liabilities) -3.09Grand Total 100.00



20

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






Riskometer

yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately


balanced with income generation by investing in debt & money.


Product Label

-0.22

17.55%

$Sharpe##

$Standard Deviation

15.82%

1.25

Portfolio Turnover

$Beta

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

AAUM: `1,108.82 crs

AUM: `1,132.20 crs

Benchmark: NIFTY 50 Hybrid Composite Debt

65:35 Index $


Folio count: 38,726

PORTFOLIO


Scheme Inception : - November 03, 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 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).Alpha is difference of scheme return with benchmark return.Kotak Equity Hybrid Fund NAV as on May 29, 2020: ̀ 13.171 (Dividend Option), ̀ 14.974 (Direct Dividend Option), ̀ 22.078 (Growth Option) ̀ 24.184 (Direct Growth Option)For Fund Manager experience, please refer page 57-59. ## Risk rate assumed to be 4.04% (FBIL Overnight MIBOR rate as on 29th May 2020).**Total Expense Ratio includes applicable B30 fee and GST.For last three dividends, please refer page no 60-62. For scheme performance, please refer page no 50-56. $ With Effect from 1st November 2019, the Benchmark is changed to Nifty 50 Hybrid Composite Debt 65:35 Index from Nifty 50 Hybrid Composite Debt 70:30 Index.

Investment style


Large

Medium

Small




Maturity


Low

Medium

High




Scheme Returns (%)

NIFTY 50 Hybrid Composite Debt 65:35 Index Returns (%)

Alpha

NIFTY 50 Hybrid Composite Debt 65:35 Index ( )#`



Since Inception 5 years 3 year 1 year

6,70,000 6,00,000 3,60,000 1,20,000

6,86,395 6,02,511 3,30,406 1,07,824

0.86 0.16 -5.52 -18.48

5.60 5.46 1.60 -7.03

-4.74 -5.30 -7.12 -11.45

7,81,175 6,85,720 3,68,478 1,16,066

7,04,555 6,20,547 3,27,748 1,05,176

1.78 1.33 -6.03 -22.34

19.6612.08

8.586.48

5.985.17

5.164.96

4.784.41

22.74

Banks Debentures and Bonds Government Dated Securities Pharmaceuticals Cement

Petroleum Products Software TREP & Term Deposits & Rev.Repo Auto Finance REST


www.kotakmf.com/funds/hybrid-funds/Kotak-Equity-Savings-Fund/Reg-%20G


7

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

KOTAK EQUITY SAVINGS FUND

Investment style


Large

Medium

Small

Maturity


Low

Medium

High

Fund Manager: Mr. Harish Krishnan

Mr. Hiten Shah

Mr. Abhishek Bisen*

AAUM: `1,415.77 crs

AUM: `1,409.47 crs

Benchmark: 75% NIFTY 50 ARBITRAGE + 25% Nifty 50 TRI

Allotment date: October 13, 2014

Folio count: 15,758


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




Grasim Industries Ltd. Cement 6.30 -6.30




Reliance Industries Ltd. Petroleum Products 2.94 -2.94

HDFC Ltd. Finance 2.81 -2.81


Tata Consultancy Services Ltd. Software 2.07

Bharti Airtel Ltd. Telecom - Services 1.96 -1.96


Others 36.87 -8.77

Equity & Equity Related - Total 68.46 -22.78

Mutual Fund Units 9.76

Debt Instruments

Debentures and Bonds 7.07

TERM DEPOSITS 9.44

Triparty Repo 3.31

Net Current Assets/(Liabilities) 1.96

Grand Total 100.00


Top 10 Holdings

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 8% 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: NILRevised exit load structure effective from May 13, 2020



0.08

7.97%

$Sharpe##

$Standard Deviation

1.49$Beta


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).Alpha is difference of scheme return with benchmark return.Kotak Equity Savings Fund NAV as on May 29, 2020: `14.1981 (Growth Option), `10.7337 (Monthly Dividend Option), `10.7586 (Quarterly Dividend Option), `14.7853 (Direct Growth Option), ̀ 11.1895 (Direct Monthly Dividend Option), ̀ 10.7975 (Direct Quarterly Dividend Option)*For Fund Manager experience, please refer page 57-59, Mr. Hiten Shah has been managing the fund since 03/10/2019. ## Risk rate assumed to be 4.04% (FBIL Overnight MIBOR rate as on 29th May 2020).**Total Expense Ratio includes applicable B30 fee and GST.For last three dividends, please refer page no 60-62. For scheme performance, please refer page no 50-56.




21




Scheme Returns (%)

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

Alpha

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



Since Inception 5 years 3 year 1 year

6,80,000 6,00,000 3,60,000 1,20,000

7,83,190 6,73,991 3,72,359 1,18,455

4.94 4.61 2.21 -2.41

4.92 4.73 3.07 -1.83

0.02 -0.12 -0.85 -0.58

7,82,803 6,76,006 3,77,194 1,18,828

7,17,578 6,20,547 3,27,748 1,05,176

1.88 1.33 -6.03 -22.34

12.7511.76

8.468.20

7.597.22

7.075.70

5.653.92

21.68

TREP & Term Deposits & Rev.Repo Banks Cement Petroleum Products Unrated Finance

Debentures and Bonds Consumer Non Durables Software Telecom - Services REST

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

AAUM: `233.87 crs

AUM: `236.30 crs

Benchmark: CRISIL Hybrid 85+15 -

Conservative Index

Allotment date: December 02, 2003

Folio count: 5,147

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



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

8.73%

3.82 yrs

6.43%

Equity & Equity relatedITC Ltd. Consumer Non Durables 2.14ICICI Bank Ltd. Banks 1.71Mahindra & Mahindra Ltd. Auto 1.02Britannia Industries Ltd. Consumer Non Durables 1.00Bharti Airtel Ltd. Telecom - Services 0.92National Thermal PowerCorporation Limited Power 0.92Hero MotoCorp Ltd. Auto 0.87HDFC Bank Ltd. Banks 0.81Larsen And Toubro Ltd. Construction Project 0.79State Bank Of India Banks 0.78Axis Bank Ltd Banks 0.75Hindustan Unilever Ltd. Consumer Non Durables 0.75Indiamart intermesh ltd. Retailing 0.75SRF Ltd. Industrial Products 0.74CESC Ltd. Power 0.70Emami Ltd. Consumer Non Durables 0.68The Ramco Cements Ltd Cement 0.66Bharat PetroleumCorporation Ltd. Petroleum Products 0.53FDC LTD Pharmaceuticals 0.52Kotak Mahindra Bank Ltd. Banks 0.47Rail Vikas Nigam Limited. Construction 0.47Godfrey Phillips India Ltd. Consumer Non Durables 0.46Solara Active PharmaSciences Ltd. Pharmaceuticals 0.46Infosys Ltd. Software 0.42Dhanuka Agritech Ltd Pesticides 0.38Laurus Labs Ltd Pharmaceuticals 0.38Sun TV Network Ltd. Media and Entertainment 0.37Alkem Laboratories Ltd Pharmaceuticals 0.34Huhtamaki PPL Ltd Industrial Products 0.34Century Plyboards(India) Ltd. Consumer Durables 0.32Hindustan PetroleumCorporation Ltd Petroleum Products 0.31Prataap Snacks Ltd Consumer Non Durables 0.31Castrol (India ) Ltd. Petroleum Products 0.30Saregama India Ltd. Media and Entertainment 0.29Tata Motors Ltd. Auto 0.27Thermax Ltd. Industrial Capital Goods 0.26Ultratech Cement Ltd. Cement 0.25Maruti Suzuki India Limited Auto 0.24KNR Constructions Ltd. Construction 0.22Eris Lifesciences Ltd Pharmaceuticals 0.21JMC Projects (India) Ltd Construction 0.19V.S.T Tillers Tractors Ltd Auto 0.17Heritage Foods Ltd Consumer Non Durables 0.16CESC Ventures Ltd. Software 0.11

Mahindra LifespaceDevelopers Ltd Construction 0.11Equity & EquityRelated - Total 24.85Debt Instruments Debentures and Bonds Corporate Debt/Financial Institutions Bahadur Chand InvestmentsPrivate Limited ICRA AA 4.23Hindalco Industries Ltd. CRISIL AA 0.31Corporate Debt/FinancialInstitutions - Total 4.54Public SectorUndertakings Power FinanceCorporation Ltd. CRISIL AAA 6.54Rural ElectrificationCorporation Ltd. CRISIL AAA 5.10Canara Bank FITCH IND AAA 4.24Indian Railway FinanceCorporation Ltd. CRISIL AAA 3.89U P Power Corporation Ltd( Guaranteed By UPState Government ) CRISIL A+(CE) 3.38NHPC Ltd. FITCH IND AAA 2.26NHPC Ltd. ICRA AAA 0.31Public SectorUndertakings - Total 25.72GovernmentDated Securities 7.26% Central Government SOV 11.386.19% Central Government SOV 8.517.27% Central Government SOV 4.577.16% Central Government SOV 4.557.57% Central Government SOV 2.358.27% StateGovernment-Rajasthan SOV 2.298.42% StateGovernment-Tamil Nadu SOV 1.62Government DatedSecurities - Total 35.27TERM DEPOSITS HDFC Bank Ltd. 0.17Term Deposits - Total 0.17Triparty Repo 9.28Net Current Assets/(Liabilities) 0.17Grand Total 100.00

yletaredo

M

Moderate

Low

Low

High

LOW HIGH

ModeratelyH

igh

An open-ended hybrid scheme investing predominantly indebt instruments

KOTAK DEBT HYBRID FUND

22



PORTFOLIO

Scheme Inception : - December 02, 2003. 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.Alpha is difference of scheme return with benchmark return.Average Maturity of the portfolio based on Security's original maturity date: 5.98 years.Kotak Debt Hybrid Fund NAV as on May 29, 2020: `32.6314 (Growth Option), `35.2774 (Direct Growth Option), `11.2818 (Monthly Dividend), `11.8315 (Direct Monthly Dividend), ̀ 12.8907 (Quarterly Dividend), ̀ 13.6489 (Direct Quarterly Dividend)*For Fund Manager experience, please refer page 57-59. ## Risk rate assumed to be 4.04% (FBIL Overnight MIBOR rate as on 29th May 2020).**Total Expense Ratio includes applicable B30 fee and GST. For last three dividends, please refer page no 60-62. For scheme performance, please refer page no 50-56.

Product Label


Investment style


Large

Medium

Small

Maturity


Low

Medium

High






Scheme Returns (%)

CRISIL Hybrid 85+15 - Conservative Index Returns (%)

Alpha

CRISIL Hybrid 85+15 - Conservative Index ( )#`

CRISIL 10 Year Gilt Index ( )^`

CRISIL 10 Year Gilt Index Returns (%)


19,80,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000

38,45,594 18,00,149 10,80,795 6,95,286 3,86,213 1,21,860

7.56 7.88 7.10 5.85 4.64 2.93

8.70 9.13 9.10 8.63 8.68 8.92

-1.14 -1.25 -2.00 -2.78 -4.04 -5.99

42,73,247 19,22,808 11,60,443 7,45,243 4,10,033 1,25,618

37,39,102 18,30,253 11,46,740 7,50,122 4,22,669 1,28,014

7.26 8.19 8.76 8.89 10.75 12.80

ALLOCATION (%)

RATING PROFILE (%)


35.27 30.26 24.85 9.45 0.17

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

57.61 24.859.45

4.543.38

0.17

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

23

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)

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: 0.20%; Direct:0.10%

0.00 yrs

KOTAK OVERNIGHT FUND

An open ended debt scheme investing in overnight securities

yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Investors understand that their principal will be at low risk

Product LabelRiskometer

Fund Manager: Mr. Deepak Agrawal*

AAUM: `6,692.75 crs

AUM: `6,584.94 crs

Benchmark: NIFTY 1D Rate index

Allotment date: January 15, 2019

Folio count: 7,075

PORTFOLIO

ALLOCATION (%)

RATING PROFILE (%)

Average Maturity of the portfolio based on Security's original maturity date: 0.00 yearsKotak Overnight Fund NAV as on : ̀ 1069.923 (Growth Option), ̀ 1070.734 (Direct Growth Option), ̀ 1004.757 (Regular Daily Dividend), ̀ 1003.606 (Direct Daily Dividend), ̀ 1067.01 ( )May 29, 2020 Weekly Dividend*For Fund Manager experience, please refer page 57-59. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 50-56.


MaturityShort Medium Long Volatility

Low

Medium

High

Reverse Repo 62.01

Triparty Repo 37.54

Grand Total 100.00



Portfolio Yield 3.18%

Modified Duration

99.55 0.45

TREP & Term Deposits & Rev.Repo Net Current Assets

0.29%$Standard Deviation

99.55 0.45


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: ̀ 500 and in multiple of ̀ 1 for purchases and of ̀ 0.01 for switchesAdditional Investment: `500 and in multiples of `1 for purchases and of ̀ 0.01 for switchesIdeal Investment Horizon: 1 - 15 days


Debt Instruments Debentures and Bonds Corporate Debt/Financial Institutions HDFC Ltd. CRISIL AAA 1.20Tata Sons Private Ltd. CRISIL AAA 0.52Bajaj Finance Ltd. CRISIL AAA 0.43HDB Financial Services Ltd. CRISIL AAA 0.31Corporate Debt/FinancialInstitutions - Total 2.46Public SectorUndertakings Rural ElectrificationCorporation Ltd. CRISIL AAA 3.20Power FinanceCorporation Ltd. CRISIL AAA 0.91Public SectorUndertakings - Total 4.11GovernmentDated Securities 8.27% Central Government SOV 6.39Government DatedSecurities - Total 6.39Money Market Instruments Commercial Paper(CP)/Certificate of Deposits(CD) Corporate Debt/Financial Institutions Reliance Industries Ltd. CRISIL A1+ 5.10Reliance Jio Infocomm Ltd. CRISIL A1+ 3.92Bharti Airtel Ltd. CRISIL A1+ 2.46Bajaj Finance Ltd. CRISIL A1+ 1.68AXIS Bank Ltd. CRISIL A1+ 1.63Muthoot Finance Ltd. CRISIL A1+ 1.54LIC Housing Finance Ltd. CRISIL A1+ 1.53Mahindra & MahindraFinancial Services Ltd. CRISIL A1+ 1.53Tata Steel Ltd. ICRA A1+ 1.38Tata Capital HousingFinance Ltd. CRISIL A1+ 0.92Tata Capital FinancialServices Limited CRISIL A1+ 0.77Tata Motors Finance Ltd. ICRA A1+ 0.77Tata Motors Finance Ltd. CRISIL A1+ 0.77Tata Motors FinanceSolutions Ltd. ICRA A1+ 0.77Tata Power Company Ltd. FITCH IND A1+ 0.76Sundaram Finance Ltd. CRISIL A1+ 0.62

HDFC Ltd. CRISIL A1+ 0.46Reliance Retail Limited CRISIL A1+ 0.31Corporate Debt/FinancialInstitutions - Total 26.92Public Sector Undertakings National Bank for Agriculture& Rural Development ICRA A1+ 4.85National Housing Bank CRISIL A1+ 4.30Canara Bank FITCH IND A1+ 4.17National Thermal PowerCorporation Ltd. CRISIL A1+ 3.07Power FinanceCorporation Ltd. CRISIL A1+ 3.07Small IndustriesDevelopment Bank Of India CARE AAA 2.50Export-Import Bank of India CRISIL A1+ 2.00Bank Of Baroda FITCH IND A1+ 1.69National Bank for Agriculture& Rural Development CRISIL A1+ 1.68Indian Oil Corporation Ltd. ICRA A1+ 1.54Bank of India CRISIL A1+ 1.39Oriental Bank of Commerce CRISIL A1+ 0.93Rural ElectrificationCorporation Ltd. CRISIL A1+ 0.93Andhra Bank CARE A1+ 0.15Small Industries DevelopmentBank Of India CRISIL A1+ 0.11Public SectorUndertakings - Total 32.38Treasury Bills 91 Days TreasuryBill 13/08/2020 SOV 11.0584 Days Cash ManagementBill 20/08/2020 SOV 6.1477 Days Cash ManagementBill 16/06/2020 SOV 5.0984 Days Cash ManagementBill 23/06/2020 SOV 3.3991 Days TreasuryBill 16/07/2020 SOV 1.54364 Days TreasuryBill 25/06/2020 SOV 1.0091 Days TreasuryBill 23/07/2020 SOV 0.92Treasury Bills - Total 29.13Net Current Assets/(Liabilities) -1.39Grand Total 100.00

KOTAK LIQUID FUNDMaturityShort Medium Long Volatility

Low

Medium

High



PORTFOLIO

ALLOCATION (%)

RATING PROFILE (%)

Average Maturity of the portfolio based on Security's original maturity date: 0.12 yearsKotak Liquid Fund NAV as on May 29, 2020: ̀ 4031.849 (Growth Option), ̀ 4046.697 (Direct Growth Option), ̀ 1000.257 (Weekly Dividend), ̀ 1005.223 (Direct Weekly Dividend), ̀ 1222.81 Daily Dividend), ̀ 1222.81 (Direct Daily Dividend)*For Fund Manager experience, please refer page 57-59. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 50-56.

An open-ended liquid scheme


24

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

Exit Load Structurewith effect from October 20, 2019.1. Exit load shall applicable be as per the graded basis asspecified below:

Any exit load charged (net off Goods and Services tax, if any)shall be credited back to the Scheme. Units issued on reinvestment of dividends shall not be subject to entry and exit load.

2. The revised exit load shall be effective for all fresh investments (i.e. units allotted on purchases or switch-ins (including through systematic investments under existing enrolments/registrations) on or after October 20, 2019.

3. The revised load structure will be applicable for Insta Redemption facility as per the applicable circular.

4. Applicability of revised exit load on redemption /switch-out of units would be done on First in First out Basis (�FIFO�).

Investor exit uponsubscription

Exit load as a % of redemptionproceeds

Day 1 0.0070%Day 2 0.0065%Day 3 0.0060%Day 4 0.0055%Day 5 0.0050%Day 6 0.0045%Day 7 onwards 0.0000%


Benchmark: Nifty Liquid Index

November 4, 2003Allotment date:

46,624Folio count:

AAUM: `30,634.22 crs

AUM: `31,322.97 crs

$Standard Deviation

Modified Duration

Portfolio Yield

0.21%

0.12 yrs

3.64%

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.


Riskometer

yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

59.3 29.13 6.57 6.39-1.39

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

Government Dated Securities Net Current Assets

101.39- 1.39

A1+, AAA, IND A1+, SOV 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

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

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

yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

$Standard Deviation

Modified Duration

Portfolio Yield

0.49%

0.37 yrs

4.26%

Government Dated Securities 8.12% Central Government SOV 10.097.8% Central Government SOV 5.208.36% State Government-Madhya Pradesh SOV 1.95Government DatedSecurities - Total 17.24Money Market Instruments Commercial Paper(CP)/Certificate of Deposits(CD) Corporate Debt/Financial Institutions IndusInd Bank Ltd. CRISIL A1+ 9.72LIC Housing Finance Ltd. CRISIL A1+ 8.61HDFC Ltd. CRISIL A1+ 8.21HDB Financial Services Ltd. CRISIL A1+ 4.37AXIS Bank Ltd. ICRA A1+ 4.35AXIS Bank Ltd. CRISIL A1+ 4.30Hero FinCorp Ltd. CRISIL A1+ 3.07Aditya Birla Finance Ltd. ICRA A1+ 2.50Reliance Industries Ltd. CRISIL A1+ 2.44Tata Capital HousingFinance Ltd. CRISIL A1+ 2.18Kotak MahindraInvestments Ltd. CRISIL A1+ 1.82Sundaram BNP ParibasHome Finance Ltd CRISIL A1+ 1.23Manappuram Finance Ltd. CRISIL A1+ 1.22Sundaram Finance Ltd. CRISIL A1+ 1.22Godrej Properties Limited CRISIL A1+ 0.92HSBC InvestDirect FinancialServices (India) Ltd. CRISIL A1+ 0.63ICICI Bank Ltd. ICRA A1+ 0.62

Fullerton IndiaCredit Co. Ltd. ICRA A1+ 0.50Corporate Debt/FinancialInstitutions - Total 57.91Public SectorUndertakings Small Industries DevelopmentBank Of India CRISIL A1+ 3.95Small Industries DevelopmentBank Of India CARE A1+ 3.66Oriental Bank of Commerce CRISIL A1+ 2.84Andhra Bank CARE A1+ 2.20Small Industries DevelopmentBank Of India CARE AAA 1.88Rural ElectrificationCorporation Ltd. CRISIL A1+ 1.26Export-Import Bank of India CRISIL AAA 1.21National Bank for Agriculture& Rural Development FITCH IND A1+ 0.94Bank of India CRISIL A1+ 0.63Indian Oil Corporation Ltd. ICRA A1+ 0.63National Bank for Agriculture& Rural Development ICRA A1+ 0.63Public SectorUndertakings - Total 19.83Treasury Bills 91 Days TreasuryBill 23/07/2020 SOV 1.88Treasury Bills - Total 1.88Triparty Repo 2.25Net Current Assets/(Liabilities) 0.89Grand Total 100.00

25

RATING PROFILE (%)


AAUM: `7,854.88 crs

AUM: `7,845.57 crs

Benchmark: Nifty Money Market

Index


Folio count: 9,894

KOTAK MONEY MARKET FUNDMaturityShort Medium Long Volatility

Low

Medium

HighAn open-ended debt scheme investing in money market instruments




PORTFOLIO

Average Maturity of the portfolio based on Security's original maturity date: 0.37 years. Kotak Money Market Fund NAV as on May 29, 2020: ̀ 3346.546 (Growth Option), ̀ 3359.996 (Direct Growth Option), ̀ 1020.581 (Weekly Dividend), ̀ 1021.872 (Direct Weekly Dividend), ̀ 1018.069 (Monthly Dividend), `1013.64 (Direct Monthly Dividend), ̀ 1018.356 (Daily Dividend), ̀ 1019.891 (Direct Daily Dividend)*For Fund Manager experience, please refer page 57-59. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 50-56. For last three dividends, please refer page no 60-62.


ALLOCATION (%)

77.74 17.242.25

1.880.89

Commercial Paper (CP)/Certificate of Deposits (CD) Government Dated Securities TREP & Term Deposits & Rev.Repo

Treasury Bills Net Current Assets

96.86 2.25 0.89

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

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



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 Reliance Industries Ltd. CRISIL AAA 7.97Rent A Device Trust( Underlying customerReliance Retail ) ICRA AAA(SO) 3.88Mahindra & MahindraFinancial Services Ltd. FITCH IND AAA 3.85Muthoot Finance Ltd. CRISIL AA 3.56Bharti Telecom Ltd. CRISIL AA+ 3.32Aditya Birla Finance Ltd. ICRA AAA 2.50LIC Housing Finance Ltd. CRISIL AAA 2.43Reliable Devices Trust( Underlying customerReliance Retail ) ICRA AAA(SO) 2.05Nabha Power Ltd. ( backedby unconditional andirrevocable guarantee byLarsen & Toubro Ltd ) ICRA AAA(CE) 1.39Kotak MahindraInvestments Ltd. CRISIL AAA 1.12First Business ReceivablesTrust ( Originator RelianceIndustries Ltd ) CRISIL AAA(SO) 0.77Tata Motors Ltd. CARE AA- 0.66Tata Sons Private Ltd. CRISIL AAA 0.66Godrej Properties Limited ICRA AA 0.55HDFC Ltd. CRISIL AAA 0.55ICICI Home FinanceCompany Limited CRISIL AAA 0.28Manappuram Finance Ltd. CRISIL AA 0.22Corporate Debt/FinancialInstitutions - Total 35.76Public SectorUndertakings Power FinanceCorporation Ltd. CRISIL AAA 9.44Rural ElectrificationCorporation Ltd. CRISIL AAA 9.15Food Corporation of India CRISIL AAA(CE) 1.34U P Power Corporation Ltd( Guaranteed By UP StateGovernment ) FITCH IND AA(CE) 0.67National Bank for Agriculture& Rural Development CRISIL AAA 0.24Public SectorUndertakings - Total 20.84

GovernmentDated Securities 7.8% Central Government SOV 6.798.04% StateGovernment-Chattisgarh SOV 3.668.55% StateGovernment-Uttar Pradesh SOV 3.358.36% StateGovernment-Madhya Pradesh SOV 2.275.15% Central Government SOV 0.36Government DatedSecurities - Total 16.43Money Market Instruments Commercial Paper(CP)/Certificate of Deposits(CD) Corporate Debt/Financial Institutions LIC Housing Finance Ltd. CRISIL A1+ 6.70HDFC Ltd. CRISIL A1+ 5.57AXIS Bank Ltd. CRISIL A1+ 4.03Bharti Telecom Ltd. CRISIL A1+ 2.15Corporate Debt/FinancialInstitutions - Total 18.45Public SectorUndertakings Oriental Bank of Commerce CRISIL A1+ 2.66National Bank for Agriculture& Rural Development FITCH IND A1+ 0.54Small Industries DevelopmentBank Of India CARE AAA 0.16National Bank for Agriculture& Rural Development ICRA A1+ 0.05Public SectorUndertakings - Total 3.41Reverse Repo 2.70Treasury Bills 84 Days Cash ManagementBill 23/06/2020 SOV 0.9391 Days TreasuryBill 13/08/2020 SOV 0.5491 Days TreasuryBill 23/07/2020 SOV 0.3391 Days TreasuryBill 04/06/2020 SOV 0.01Treasury Bills - Total 1.81Triparty Repo 3.40Net Current Assets/(Liabilities) -2.80Grand Total 100.00

$Standard Deviation

Modified Duration

Portfolio Yield

0.60%

0.50 yrs

4.78%

26

KOTAK SAVINGS FUNDMaturityShort Medium Long Volatility

Low

Medium

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: `9,137.55 crs

AUM: `9,128.10 crs

Benchmark: NIFTY Ultra Short Duration Debt Index


Folio count: 32,440


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately




PORTFOLIO

ALLOCATION (%)

RATING PROFILE (%)

(^) Fully or Party blocked against Interest Rate Swap (IRS) Hedging Position through Interest Rate Swaps as on 29 Feb 2020 is 0.02% of the net assets.Average Maturity of the portfolio based on Security's original maturity date: 0.53 years.Kotak Savings Fund NAV as on May 29, 2020: ̀ 10.0796 (Daily Dividend Option), ̀ 10.2373 (Daily Dividend - Direct), ̀ 32.5563 (Growth Option), ̀ 10.4581 (Monthly Dividend Option), ̀ 10.2899 (Weekly Dividend Option), `15.0764 (Monthly Dividend - Direct), ̀ 10.3496 (Weekly Dividend - Direct), ̀ 33.3521 (Growth - Direct Option)*For Fund Manager experience, please refer page 57-59. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 50-56. For last three dividends, please refer page no 60-62.

Data as on May 31, 2020 56.60 21.86 16.43 6.10 1.81-2.80

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

TREP & Term Deposits & Rev.Repo Treasury Bills Net Current Assets

87.72 8.98 6.10- 2.80

A1+, AAA, AAA(CE), AAA(SO), IND A1+, IND AAA, SOV AA+, AA, IND AA(CE), AA- 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

1.88%

0.90 yrs

7.92%

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

Tata Steel Ltd. CARE AA- 8.53

LIC Housing Finance Ltd. CRISIL AAA 5.54

Reliance Industries Ltd. CRISIL AAA 4.58

Embassy Office Parks Reit CRISIL AAA 4.49

Manappuram Finance Ltd. CRISIL AA 4.40

Mobil Trust Series-07 Ptc

20-06-2022 - (B) (Mobil Trust

Series - 07) CRISIL AAA(SO) 3.30

HDFC Ltd. CRISIL AAA 2.90

L & T Infrastructure Finance

Company Ltd. CRISIL AAA 2.51

Nabha Power Ltd. ( backed by

unconditional and irrevocable

guarantee by Larsen & Toubro Ltd ) ICRA AAA(CE) 2.48

Indostar Capital Finance Limited ( ) CARE AA- 2.42

Muthoot Finance Ltd. CRISIL AA 1.97

First Business Receivables Trust

( Originator Reliance Industries Ltd ) CRISIL AAA(SO) 1.92

Sundaram BNP Paribas

Home Finance Ltd ICRA AA+ 1.88

Avendus Finance Pvt Ltd. CRISIL A+ 1.86

Jyothy Fbricare Services Ltd.

( Guaranteed By Jyothy

Laboratories Ltd ) CARE AA(CE) 1.86

Coastal Gujarat Power Ltd.

( Guarenteed by TATA

Power Co. Ltd ) CARE AA(CE) 1.27

Bharti Telecom Ltd. CRISIL AA+ 1.25

Bahadur Chand Investments

Private Limited(^) ICRA AA 1.23


20-06-2022 (A) (Mobil Trust


Aditya Birla Finance Ltd. ICRA AAA 0.38

Shriram Transport

Finance Co Ltd. CRISIL AA+ 0.37

Jamnagar Utilities & Power Private

Limited ( Mukesh Ambani Group ) CRISIL AAA 0.25

Corporate Debt/Financial

Institutions - Total 56.22

Public Sector Undertakings

Power Finance Corporation Ltd.(^) CRISIL AAA 10.38

U P Power Corporation Ltd

( Guaranteed By UP State

Government ) FITCH IND AA(CE) 6.98

Punjab & Sind Bank (AT1 bonds) ICRA A- 1.67



Government ) CRISIL A+(CE) 1.37

Union Bank of India (AT1 bonds) CARE A+ 1.05

Rural Electrification

Corporation Ltd. CRISIL AAA 0.87

PNB Housing Finance Ltd. FITCH IND AA 0.57

Small Industries Development

Bank Of India CARE AAA 0.18

Public Sector

Undertakings - Total 23.07

Government Dated Securities

8.36% State

Government-Madhya Pradesh SOV 1.28

Government Dated

Securities - Total 1.28

Money Market Instruments

Commercial Paper(CP)/

Certificate of Deposits(CD)

Corporate Debt/


IndusInd Bank Ltd. CRISIL A1+ 10.02

Vedanta Ltd. CRISIL A1+ 4.93

ICICI Bank Ltd. ICRA A1+ 0.12




Oriental Bank of Commerce CRISIL A1+ 1.68

Public Sector


Triparty Repo 0.32

Net Current Assets/

(Liabilities)^^ 2.36

Grand Total 100.00

27


Low

Medium

High

KOTAK LOW DURATION FUND



AAUM: `4,144.95 crs

AUM: `4,050.82 crs

Benchmark: NIFTY Low Duration Debt Index


Folio count: 67,783

An open ended low duration debt scheme investing in instruments such thatthe Macaulay duration of the portfolio is between 6 months and 12 months



PORTFOLIO


^^Includes Securities Below Investment grade or Default

ISIN Name of the Security Value Recognised inNAV(Rs. In Lacs)

% toNet Assets

Total Security Value(Rs. In Lacs)

INE202B07IK19.10% Dewan Housing Fin Co.Ltd.(Tranche I Series IB)-09/09/2019 (L) 400.15 0.10 1,636.50

INE202B07HQ0 9.10% Dewan Housing Fin Co.Ltd.- (Tranche - I Series IVA)-16/08/2019 (L) 268.32 0.07 1,091.00

INE202B07IJ309.05% Dewan Housing Fin Co.Ltd.- ( Tranche I Series IA)-09/09/2019 (L) 400.01 0.10 1635.75

1,068.48 0.26 4,363.25Total -

79.2916.75

2.361.28

0.32

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

Government Dated Securities TREP & Term Deposits & Rev.Repo

Scheme Inception : - March 06, 2008. 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.Alpha is difference of scheme return with benchmark return.(^) Fully or Party blocked against Interest Rate Swap (IRS) Hedging Position through Interest Rate Swaps as on 31 May 2020 is 2.37% of the net assets.Average Maturity of the portfolio based on Security's original maturity date: 1.08 years Kotak Low Duration Fund NAV as on `2500.997 (Regular Plan-Growth Option), `1014.757 (Regular Plan-Weekly Dividend), `1032.617 (Regular Plan-Monthly Dividend), `2622.774 (Direct Plan- Growth May 29, 2020: Option), ̀ 1199.3 (Direct Plan- Weekly Dividend), ̀ 1130.973 (Direct Plan- Monthly Dividend)*For Fund Manager experience, please refer page 57-59. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 50-56. For last three dividends, please refer page no 60-62.

ALLOCATION (%)

RATING PROFILE (%)

KOTAK LOW DURATION FUND

An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months






Scheme Returns (%)

Nifty Low Duration Debt Index Returns (%)

Alpha

Nifty Low Duration Debt Index ( )#`

CRISIL 1 Year T-Bill Index ( )^`

CRISIL 1 Year T-Bill Index Returns (%)


14,70,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000

24,82,826 18,40,561 11,20,726 7,31,682 4,05,715 1,25,220

8.20 8.30 8.12 7.89 7.96 8.28

8.15 8.06 7.71 7.45 7.45 6.53

0.05 0.24 0.41 0.44 0.51 1.75

24,59,229 18,06,591 10,98,148 7,19,651 4,00,469 1,23,557

23,06,056 17,48,606 10,91,313 7,21,542 4,04,727 1,25,365

7.08 7.32 7.37 7.33 7.79 8.52

28

58.64 32.73 5.952.36

0.32

A1+, AAA, AAA(CE), AAA(SO), SOV AA+, AA, AA(CE), IND AA, IND AA(CE), AA- A+, A+(CE), A-

Net Current Assets TREP & Term Deposits & Rev.Repo

Investment ObjectiveThe primary objective of the Scheme is to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved


A) Regular B) Direct Plan

Options: Growth, Dividend Payout and Dividend Reinvestment.

Dividend FrequencyWeekly Dividend Option-Every MondayMonthly Dividend Option-12th of every month

Ratios

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

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

Load StructureEntry Load: Nil (Applicable for All Plans) Exit Load: Nil (Applicable for All Plans)


Modified Duration

Portfolio Yield

2.68 yrs

7.17%

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.


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Debt Instruments Debentures and Bonds Corporate Debt/Financial Institutions ICICI Bank Ltd.(^) (AT1 bonds) CRISIL AA+ 9.52Coastal Gujarat Power Ltd.( Guarenteed by TATAPower Co. Ltd ) (^) CARE AA(CE) 9.40Reliance Industries Ltd. CRISIL AAA 8.78LIC Housing Finance Ltd.(^) CRISIL AAA 8.59Sikka Ports & Terminals Ltd.( Mukesh Ambani Group ) CRISIL AAA 5.96Jamnagar Utilities & Power PrivateLimited ( Mukesh Ambani Group ) CRISIL AAA 3.71HDFC Ltd. CRISIL AAA 2.33HDB Financial Services Ltd. CRISIL AAA 1.14Corporate Debt/FinancialInstitutions - Total 49.43

Public Sector Undertakings National Bank for Agriculture &Rural Development(^) CRISIL AAA 9.95Power FinanceCorporation Ltd. CRISIL AAA 9.88State Bank Of India.(AT1 bonds) CRISIL AA+ 8.40Bank Of Baroda FITCH AAA(IND) 3.57Public SectorUndertakings - Total 31.80Government Dated Securities 5.15% Central Government SOV 9.845.18% Central Government SOV 4.52Government DatedSecurities - Total 14.36Net Current Assets/(Liabilities) 4.41Grand Total 100.00

29


Low

Medium

High

KOTAK FLOATING RATE FUND



AAUM: `85.57 crs

AUM: `86.38 crs

Benchmark: NIFTY Ultra Short Duration Debt Index


Folio count: 233

An open ended debt scheme predominantly investing in floating rate instruments.



PORTFOLIO

ALLOCATION (%)

RATING PROFILE (%)

(^) Fully or Party blocked against Interest Rate Swap (IRS) Hedging Position through Interest Rate Swaps as on 31 May 2020 is 28.82% of the net assets.Average Maturity of the portfolio based on Security's original maturity date: 3.28 years Kotak Floating Rate Fund NAV as on ̀ 1078.74 (Growth Option), ̀ 1016.651 (Weekly Dividend), ̀ 1049.506 (Dividend Option), ̀ 1081.863 (Direct Growth Option),`1035.041 (Direct dividend)May 29, 2020: *For Fund Manager experience, please refer page 57-59. **Total Expense Ratio includes applicable B30 fee and GST.


$Standard Deviation 2.14%

81.23 14.36 4.41

Debentures and Bonds Government Dated Securities Net Current Assets

68.27 27.32 4.41

AAA, AAA(IND), SOV AA+, AA(CE) Net Current Assets

0.77

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

thDetails provided are as on May 29 , 2020. Ratio Source: ICRA MFI Explorer. Risk free rate assumed to be 4.04% . 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" ^Total Expense Ratio is of Regular Plan

Equity Funds Ready Reckoner

Key FeaturesInvestment Theme

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

Fund Manager

Mr. Abhishek

Bisen,Mr. HarishKrishnan

&Mr.Hiten

Shah

Scheme Name

AUM

(Rs. Crs)thas on 29

May 2020

BenchmarkMcap (%) /

Asset Allocation(%)

Underweight Beta

Nifty 200 TRI

Overweight Standard Deviation

(%)

Sharpe

5,871.45

49.2041.98

3.525.30

-0.431.01 24.14 3.48

Kotak Small Cap Fund

3.6625.2568.282.80

Mr. Harish Krishnan

India Infrastructure

Index (Customised

Index by IISL)

225.84

35.5238.2524.67 1.56

1. Industrial Manufacturing2. Construction3. Chemicals

1. Telecom2. Financial Services3. Energy

Product Positioning

Kotak Equity Opportunities Fund

Large and Midcap

Identifies investment opportunities across market capitalisation and sectors Mr. Harsha Upadhyaya

Nifty 200 TRI 3,009.46Spotting the hidden gems

Kotak Standard Multicap Fund Multi Cap

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

Mr. Harsha Upadhyaya Nifty 200 TRI 25,984.19

Focus on few selected sectors

Kotak Tax SaverFund

ELSSa. Portfolio is diversified across sectors and market capitalization segments b. Offers dual benefits of growth and tax savings

Mr. Harsha Upadhyaya Nifty 500 TRI 1,029.52

Tax advantage with potential equity growth

KotakInfrastructure & Economic Reform Fund

Thematic: Infrastructure

True to label

Balanced Advantage

Conservative portfolio with a blend of:a. A fund that gives you freedom from managing equity and debt allocation manually during market ups and downs, giving you a balanced growth.b. Emphasis on back tested P/E* based model d. Better volatility managemente. Better tax efficiency by leveraging arbitrage opportunitiesf. Immunity from market timing to ensure disciplined investing

Takes care of Asset Allocation

1,242.41Small Cap

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 100

TRI

Spot them young, watch them grow

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

TRI

11.6169.7215.283.40

59.2329.06

7.614.11

70.1221.50

1.147.24

5 yearsAlpha (%)

-0.340.77 25.16 7.271. Consumer Goods2. Industrial Manufacturing3. Services

1. Financial Services2. Information Technology3. Media & Entertainment

2.22

2.49

EquitySavings

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

75% of Nifty 50 Arbitrage

Index + 25% of Nifty 50

1,409.47 N/A

N/A

N/A

N/A

0.081.49 7.97 0.35 2.16

608.54

1,454.04

Nifty 50 Hybrid

Composite Debt 50:50

Index

3,583.57 N/AN/A N/A N/A 2.01

Kotak Equity Hybrid Fund

Kotak Equity Arbitrage Fund

Aggresive Hybrid

EquityArbitrage

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

Mr. Pankaj Tibrewal

& Mr. Abhishek

Bisen

Mr.Hiten ShahNifty 50

Arbitrage Index

1,132.20

14,663.37 N/A N/A N/A

-0.22

3.91

1.25

0.39

17.55

0.54

-2.68

0.84

Best of both worlds: equity

& debt

Arbitrage opportunities

Nifty 50 Hybrid

Composite Debt

65:35 Index

2.23

0.98

Total Expense Ratio

(TER %)^

Kotak BluechipFund

82.3112.91

1.962.82

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

Large cap Mr. Harish Krishnan

Nifty 50 TRI 1,406.16Invest with industry leaders

1. Cement & Cement Products2. Construction3. Industrial Manufacturing

1. Financial Services2. Energy3. Information Technology

-0.130.95 19.85 -0.74 2.24

76.0720.21

0.852.88

Kotak India EQ Contra Fund

Contra/Value Fund

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

Ms. Shibani Kurian Nifty 100 TRI 708.81

Long term wealth creators

1. Industrial Manufacturing 2. Cement & Cement Products3. Energy

1. Financial Services2. Consumer Goods3. Information Technology

-0.031.00 20.73 -0.11 2.44

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

1. Financial Services2. Information Technology3. Automobile

-0.120.95 20.20 1.40 2.10

1. Cement & Cement Products2. Industrial Manufacturing3. Construction

1. Financial Services2. Information Technology3. Consumer Goods

-0.120.96 20.29 1.73 1.64

1. Industrial Manufacturing2. Cement & Cement Products3. Construction

1. Financial Services2. Information Technology3. Telecom

-0.150.95 20.52 0.37 2.28

Kotak Pioneer Fund

Kotak Focused Equity Fund

It's Future Ready

Performance Through Core

Conviction

Sectoral - Thematic

Focused

N/AN/A N/A 2.27N/A

Kotak Emerging Equity Fund Mid Cap Emerging leaders -0.190.86 23.34 3.51

1. Industrial Manufacturing2. Fertilisers & Pesticides3. Chemicals

1. Information Technology2. Financial Services3. Energy

1.93

Kotak Equity Savings Fund

Kotak Balanced Advantage Fund

Mr. Harish Krishnan

Mr. Harish Krishnan

& Ms. Shibani

Kurian

85% IISL Kotak India Pioneering

Innovations +15% MSCI ACWI Information

Technology Index TRI

N/AN/A N/A 2.11N/A

67.4519.5812.97

a. Concentrated Portfolio:25-30 high growth and good quality businesses with sustainable and scalable earnings potential over the long termb. Leveraging On Research CapabilitiesStock picking through the BMV model- �Business, Management and Valuation� c. Suitable For Long Term InvestorsThose looking to benefit from the structural growth opportunity in Indian equitiesd. Bottom Up Approach To Stock Picking : With a top down thematic overlay.

Conservative portfolio with a blend of:a. 80-100% in pioneering innovations theme Upto 20% in other than pioneering innovations theme Focus on growth oriented / High impact companiesb. Upto 35% may be invested in overseas funds/etfs/securities investingin similar theme access to global techs c. The fund is from the Kotak Mutual Fund stable and has structured investment processes

Net Equity

Arbitrage

Debt & Cash

72.45

2.18

25.37

Net Equity

Arbitrage

Debt & Cash

45.62

22.98

31.40

1. Cement & Cement Products2. Industrial Manufacturing3. Construction

1. Industrial Manufacturing2. Metals3. Services

1. Industrial Manufacturing2. Cement & Cement Products3. Pharma

1. Consumer Goods2. Financial Services3. Pharma

1. Consumer Goods2. Automobile3. Pharma

1. Consumer Goods2. Information Technology3. Energy

68.3521.6010.05

69.2725.63 1.27 3.83

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

Kotak Bluechip

Kotak Standard Multicap

Kotak Tax Saver

Kotak Emerging Equity Scheme

Equity Scheme




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

� 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

Debt Scheme

This product is suitable for investors who are seeking*

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 Floating Rate

Kotak Overnight Fund

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

� Income over a short term investment horizon.� Investment in floating & fixed rate debt instruments swapped for floating rate returns and money market instruments.

� Income over a short term investment horizon� Investment in debt & money market securities having maturity of one business day.

� 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


High


Low High

Low

Moderately

Low


High


Low High

RiskometerName of the Scheme

Kotak Mahindra Gilt Unit Scheme 98 - Investment plan

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

Kotak Bluechip Fund


Kotak Equity Opportunities FundKotak India EQ Contra Fund

Kotak Standard Multicap Fund

Kotak Tax Saver FundKotak Emerging Equity Fund

Equity Scheme



Kotak Balanced AdvantageFund Kotak Focused Equity Fund


� 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 across market capitalisation in maximum 30 stocks

� 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

� Wealth creation over a long period of time� Investment in equity, equity related securities & debt, money market instruments while managing risk through active allocation.

� 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

� Long term capital growth� Investment in equity and equity related Securities of companies operating with Pioneering innovations theme Without any market Capitalisation and Sector bias

Kotak Infrastructure & Economic Reform Fund

Kotak Pioneer Fund

Debt Scheme

This product is suitable for investors who are seeking*

Riskometer

Investors understand that their principal will be at High risk

Low

Moderatel

y

Low


High

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 Fund

Kotak Medium Term Fund

Kotak Low Duration Fund

Kotak Liquid Fund

Kotak Floating Rate Fund

Kotak Overnight Fund

Kotak Money Market Fund

Kotak Savings Fund

Kotak Dynamic Bond Fund

Kotak CorporateBond Fund

Kotak Banking andPSU Debt Fund

Kotak Bond Short Term

Kotak Credit Risk Fund

� 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

� Income over a short term investment horizon.� Investment in floating & fixed rate debt instruments swapped for floating rate returns and money market instruments.

� Income over a short term investment horizon� Investment in debt & money market securities having maturity of one business day.

� 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

Modera

tely

Low


High


Low High

Riskometer

Low

Moderately

Low


High


Low High

Riskometer

Low

Moderately

Low


High


Low High

RiskometerName of the Scheme

Kotak Gilt Fund

thD

etai

ls p

rovi

ded

are

as

on

May

29

, 202

0.

No

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ak S

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M (

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elo

w A

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to

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ng

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0.26

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1.07

0.60

0.61

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Inve

sto

r Ex

it U

po

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sub

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on

*Ex

it L

oad

as

a %

of

red

emp

tio

n P

roce

ed

Day

1D

ay 2

Day

3D

ay 4

Day

5D

ay 6

Day

7 o

nwar

ds

0.00

70%

0.00

65%

0.00

60%

0.00

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0.00

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t Fu

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Exit

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atio

(T

ER %

)^

100

% A

AA

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

1.52%

1.46 yrs

5.75%

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/




Nabha Power Ltd. (backed by

unconditional and irrevocable

guarantee by Larsen & Toubro Ltd) ICRA AAA(CE) 6.69

HDB Financial Services Ltd. CRISIL AAA 5.47

LIC Housing Finance Ltd.(^) CRISIL AAA 4.09

Bajaj Finance Ltd. CRISIL AAA 2.77

LIC Housing Finance Ltd. CARE AAA 2.36

L & T Infrastructure Finance

Company Ltd. CRISIL AAA 2.33

First Business Receivables Trust

( Originator Reliance

Industries Ltd ) CRISIL AAA(SO) 1.21

ICICI Bank Ltd.(^) ICRA AAA 1.15

Jamnagar Utilities & Power Private

Limited (Mukesh Ambani Group) CRISIL AAA 0.92

L & T Housing Finance Ltd. CARE AAA 0.55

Mahindra & Mahindra

Financial Services Ltd. FITCH IND AAA 0.34

Tata Sons Private Ltd. CRISIL AAA 0.30

Bhopal Dhule Transmission

Company Ltd. ( Operational

power transmission project ) CRISIL AAA 0.09

Bajaj Finance Ltd. FITCH IND AAA 0.06

Grasim Industries Ltd. CRISIL AAA 0.02




Power Finance

Corporation Ltd.(^) CRISIL AAA 10.16



National Bank for Agriculture

& Rural Development CRISIL AAA 5.00


Bank Of India CARE AAA 3.79

State Bank Of India.(^) CRISIL AAA 0.63

Food Corporation of India CRISIL AAA(CE) 0.62

Indian Railway Finance



Bank Of India ICRA AAA 0.36

Powergrid Vizag Transminssion

Ltd. ( backed by unconditional

and irrevocable guarantee by

Powergrid Corp ) CRISIL AAA 0.16

Public Sector


Government

Dated Securities

7.32% Central Government SOV 5.19


7.27% Central Government(^) SOV 3.22


8.45% State

Government-Punjab SOV 0.16

Government Dated


Money Market Instruments

Commercial Paper(CP)/

Certificate of Deposits(CD)

Corporate Debt/


AXIS Bank Ltd. ICRA A1+ 1.70

LIC Housing Finance Ltd. CRISIL A1+ 0.57

AXIS Bank Ltd. CRISIL A1+ 0.23



Triparty Repo 0.63

Net Current Assets/

(Liabilities) 2.98

Grand Total 100.00

30


Low

Medium

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: 4,248.38 crs`

AUM: `4,359.20 crs

Benchmark: CRISIL Corporate Bond Composite Index


Folio count: 29,895

PORTFOLIOIssuer/Instrument Industry/Rating % to Net Assets


ALLOCATION (%)

RATING PROFILE (%)

(^) Fully or Party blocked against Interest Rate Swap (IRS) Hedging Position through Interest Rate Swaps as on 31 May 2020 is 3.32% of the net assets.Average Maturity of the portfolio based on Security's original maturity date: 1.68 years Kotak Corporate Bond Fund NAV as on May 29, 2020: `2742.512 (Regular Plan-Growth Option), `1052.105 (Regular Plan-Monthly Dividend), `2814.477 (Direct Plan- Growth Option), `1105.998 Direct Plan- Monthly Dividend)*For Fund Manager experience, please refer page 57-59. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 50-56. For last three dividends, please refer page no 60-62.

Data as on May 31, 2020 79.15 14.742.98

2.500.63


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

96.39 2.98 0.63

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

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

2.55%

3.14 yrs

6.40%

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 Debentures and Bonds Corporate Debt/Financial Institutions ICICI Bank Ltd. (AT1 bonds) CRISIL AA+ 2.15ICICI Bank Ltd.(^) (AT1 bonds) ICRA AA+ 1.22ICICI Bank Ltd. (AT1 bonds) CARE AA+ 0.32Corporate Debt/FinancialInstitutions - Total 3.69Public Sector Undertakings Power FinanceCorporation Ltd. CRISIL AAA 7.96Rural ElectrificationCorporation Ltd. CRISIL AAA 6.56Food Corporation of India CRISIL AAA(CE) 4.87National Bank for Agriculture &Rural Development(^) CRISIL AAA 4.44Union Bank of India (AT1 bonds) FITCH IND AA 3.97Bank Of Baroda FITCH IND AAA 3.68Bank Of Baroda (AT1 bonds) ICRA AA 3.11Indian Railway FinanceCorporation Ltd. CRISIL AAA 3.06Indian Bank CRISIL AA- 3.02National HighwaysAuthority Of India(^) CRISIL AAA 2.56Union Bank of India (AT1 bonds) CARE AA- 2.11National Bank for Agriculture &Rural Development ICRA AAA 1.67Canara Bank(^) FITCH IND AAA 1.63Indian Oil Corporation Ltd. ICRA AAA 1.62State Bank Of India. CRISIL AAA 1.45U P Power Corporation Ltd( Guaranteed By UP StateGovernment ) FITCH IND AA(CE) 1.37State Bank Of India. (AT1 bonds) CRISIL AA+ 1.01National Thermal PowerCorporation Ltd. CRISIL AAA 0.85Bank Of Baroda FITCH AAA(IND) 0.84Hindustan PetroleumCorporation Ltd. CRISIL AAA 0.84Small Industries DevelopmentBank Of India ICRA AAA 0.56Small Industries DevelopmentBank Of India CARE AAA 0.42Bank Of Baroda (AT1 bonds) CARE AA 0.39Powergrid Vizag TransminssionLtd. ( backed by unconditionaland irrevocable guarantee byPowergrid Corp ) CRISIL AAA 0.21Power Grid Corporationof India Ltd. CRISIL AAA 0.08Public SectorUndertakings - Total 58.28

Government Dated Securities 7.68% Central Government SOV 5.737.27% Central Government SOV 4.556.79% Central Government SOV 4.515.79% Central Government SOV 2.767.35% Central Government SOV 1.757.32% Central Government SOV 1.576.9% Central Government SOV 0.847.69% StateGovernment-Assam SOV 0.788.88% StateGovernment-Haryana SOV 0.547.26% Central Government SOV 0.527.82% StateGovernment-Assam SOV 0.448.39% StateGovernment-Rajasthan SOV 0.446.45% Central Government SOV 0.427.59% Central Government SOV 0.358.71% StateGovernment-Uttar Pradesh SOV 0.228.74% StateGovernment-Rajasthan SOV 0.17Government DatedSecurities - Total 25.59Money Market Instruments Commercial Paper(CP)/Certificate of Deposits(CD) Corporate Debt/Financial Institutions IndusInd Bank Ltd. CRISIL A1+ 2.39AXIS Bank Ltd. CRISIL A1+ 1.59AXIS Bank Ltd. ICRA A1+ 0.80ICICI Bank Ltd. ICRA A1+ 0.72Corporate Debt/FinancialInstitutions - Total 5.50Public Sector Undertakings Export-Import Bank of India CRISIL AAA 3.13Oriental Bank of Commerce CRISIL A1+ 0.80Small Industries DevelopmentBank Of India CARE AAA 0.80Canara Bank FITCH IND A1+ 0.49Public SectorUndertakings - Total 5.22Treasury Bills 91 Days TreasuryBill 04/06/2020 SOV 0.06Treasury Bills - Total 0.06Triparty Repo 0.22Net Current Assets/(Liabilities) 1.44Grand Total 100.00

31


Low

Medium

High

KOTAK BANKING AND PSU DEBT FUND


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately



AAUM: `5,887.58 crs

AUM: `6,163.15 crs

Benchmark: CRISIL Banking and PSU Debt Index

Allotment date: December 29,1998

Folio count: 10,995

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



PORTFOLIO

(^) Fully or Party blocked against Interest Rate Swap (IRS) Hedging Position through Interest Rate Swaps as on 31 May 2020 is 4.67% of the net assets.Average Maturity of the portfolio based on Security's original maturity date: 4.12 years.Kotak Banking And PSU Debt Fund NAV as on May 29, 2020: ̀ 47.7537 (Growth Option), ̀ 48.7299 (Direct Growth Option), ̀ 10.554 (Monthly Dividend), ̀ 10.6137 (Direct Monthly Dividend) *For Fund Manager experience, please refer page 57-59. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 50-56. For last three dividends, please refer page no 60-62.


ALLOCATION (%)

RATING PROFILE (%)

61.97 25.59 10.72 1.440.22

0.06

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

Net Current Assets TREP & Term Deposits & Rev.Repo Treasury Bills

79.67 18.671.44

0.22

A1+, AAA, AAA(CE), AAA(IND), IND A1+, IND AAA, SOV AA+, AA, IND AA, IND AA(CE), AA-

Net Current Assets TREP & Term Deposits & Rev.Repo

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.


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

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 HDFC Ltd. CRISIL AAA 5.83Reliable Devices Trust( Underlying customerReliance Retail ) ICRA AAA(SO) 4.35Jamnagar Utilities &Power Private Limited( Mukesh Ambani Group ) (^) CRISIL AAA 3.81LIC Housing Finance Ltd. CARE AAA 3.08Mahindra & MahindraFinancial Services Ltd. FITCH IND AAA 2.98Rent A Device Trust(Underlying customerReliance Retail) ICRA AAA(SO) 2.78Aditya Birla Finance Ltd. ICRA AAA 2.66Fullerton India Credit Co. Ltd. CRISIL AAA 1.94First Business ReceivablesTrust ( Originator RelianceIndustries Ltd ) CRISIL AAA(SO) 1.85Bajaj Finance Ltd. CRISIL AAA 1.49Tata Capital FinancialServices Limited CRISIL AAA 1.48Tata Capital HousingFinance Ltd. CRISIL AAA 0.96Bhopal Dhule TransmissionCompany Ltd. ( Operationalpower transmission project ) CRISIL AAA 0.95Reliance Industries Ltd. CRISIL AAA 0.90L & T Infrastructure FinanceCompany Ltd. CARE AAA 0.78Tata Capital FinancialServices Limited ICRA AAA 0.68Sikka Ports & Terminals Ltd.( Mukesh Ambani Group ) CRISIL AAA 0.62Nabha Power Ltd. ( backed byunconditional and irrevocableguarantee by Larsen &Toubro Ltd ) ICRA AAA(CE) 0.51LIC Housing Finance Ltd. CRISIL AAA 0.43ICICI Bank Ltd. ICRA AAA 0.24Jamnagar Utilities &Power Private Limited( Mukesh Ambani Group) CRISIL AAA 0.24HDB Financial Services Ltd. CRISIL AAA 0.08IOT Utkal Energy Services Ltd. CRISIL AAA 0.07Tata Sons Private Ltd. CRISIL AAA 0.03Bajaj Housing Finance Ltd. CRISIL AAA 0.01Corporate Debt/FinancialInstitutions - Total 38.75Public Sector Undertakings Rural ElectrificationCorporation Ltd. CRISIL AAA 7.21Power FinanceCorporation Ltd. CRISIL AAA 6.92National Bank for Agriculture& Rural Development CRISIL AAA 3.93State Bank Of India.(^) CRISIL AAA 1.50Bank Of Baroda FITCH IND AAA 1.01Canara Bank FITCH IND AAA 0.95Indian Oil Corporation Ltd. ICRA AAA 0.95ONGC Petro Additions Ltd. ICRA AAA(CE) 0.95Small Industries DevelopmentBank Of India CARE AAA 0.54Bank Of Baroda FITCH AAA(IND) 0.46Rural ElectrificationCorporation Ltd. FITCH IND AAA 0.42Power Grid Corporationof India Ltd. CRISIL AAA 0.10National Thermal PowerCorporation Ltd. CRISIL AAA 0.05

Small Industries DevelopmentBank Of India ICRA AAA 0.03Public SectorUndertakings - Total 25.02GovernmentDated Securities 7.59% Central Government SOV 4.547.27% Central Government SOV 4.107.32% Central Government SOV 3.077.82% StateGovernment(^)-Assam SOV 3.036.79% Central Government SOV 2.298.59% StateGovernment-Andhra Pradesh SOV 2.066.97% Central Government SOV 2.027.68% Central Government SOV 1.815.79% Central Government SOV 1.767.93% StateGovernment(^)-Chattisgarh SOV 1.677.35% Central Government SOV 1.286.45% Central Government SOV 0.738.45% StateGovernment-Punjab SOV 0.566.9% Central Government SOV 0.548.26% StateGovernment-Uttar Pradesh SOV 0.518.72% StateGovernment-Bihar SOV 0.507.69% StateGovernment-Assam SOV 0.468.45% StateGovernment-Jammu & Kashmir SOV 0.318.5% StateGovernment-Jammu & Kashmir SOV 0.318.21% StateGovernment-Haryana SOV 0.258.39% StateGovernment-Rajasthan SOV 0.258.27% StateGovernment-Rajasthan SOV 0.215.15% Central Government SOV 0.201.44% Central Government SOV 0.119.36% StateGovernment-West Bengal SOV 0.118.45% StateGovernment-Bihar SOV 0.108.69% StateGovernment-Kerala SOV 0.078.21% StateGovernment-Rajasthan SOV 0.068.66% StateGovernment-Tamil Nadu SOV 0.067.26% Central Government SOV 0.055.18% Central Government SOV 0.01Government DatedSecurities - Total 33.03Money Market Instruments Commercial Paper(CP)/Certificate of Deposits(CD) Corporate Debt/Financial Institutions AXIS Bank Ltd. ICRA A1+ 0.23Corporate Debt/FinancialInstitutions - Total 0.23Public SectorUndertakings Oriental Bank of Commerce CRISIL A1+ 0.51Public SectorUndertakings - Total 0.51Triparty Repo 0.72Net Current Assets/(Liabilities) 1.74Grand Total 100.00

$Standard Deviation

Modified Duration

Portfolio Yield

1.66%

2.51 yrs

6.20%

yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately



Low

Medium

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 FUND



AAUM: `10,158.87 crs

AUM: `10,534.43 crs

Benchmark: NIFTY Short Duration Debt Index


Folio count: 13,478



PORTFOLIO


32

63.77 33.03 1.740.74

0.72


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

Scheme Inception : - May 02,2002. 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.Alpha is difference of scheme return with benchmark return.(^) Fully or Party blocked against Interest Rate Swap (IRS) Hedging Position through Interest Rate Swaps as on 31 May 2020 is 5.01% of the net assets.Average Maturity of the portfolio based on Security's original maturity date: 3.10 years.Kotak Bond Short Term Fund NAV as on May 29, 2020: ̀ 38.8263 (Growth Option), ̀ 41.0398 (Direct Growth Option), ̀ 10.2665 (Monthly Dividend), ̀ 12.8599 (Direct Monthly Dividend), ̀ 14.1474 (Half Yearly Dividend), `14.5488 (Direct Half Yearly Dividend), ̀ 12.1892 (Direct Normal Dividend)*For Fund Manager experience, please refer page 57-59. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 50-56. For last three dividends, please refer page no 60-62.

ALLOCATION (%)

RATING PROFILE (%)



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

KOTAK BOND SHORT TERM FUND




Scheme Returns (%)

Nifty Short Duration Index Returns (%)

Alpha

Nifty Short Duration Index ( )#`




21,70,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000

47,57,353 18,36,661 11,24,041 7,36,946 4,11,287 1,26,345

8.06 8.26 8.20 8.18 8.88 10.10

8.23 8.56 8.42 8.36 8.94 10.26

-0.17 -0.30 -0.22 -0.18 -0.06 -0.16

48,41,789 18,65,793 11,32,830 7,40,316 4,11,666 1,26,451

40,98,969 17,48,606 10,91,313 7,21,542 4,04,727 1,25,365

6.61 7.32 7.37 7.33 7.79 8.52

33

97.54 1.74 0.72

A1+, AAA, AAA(CE), AAA(IND), AAA(SO), IND AAA, SOV 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 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



$Standard Deviation

Modified Duration

Portfolio Yield

4.20%

1.92 yrs

9.95%

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)


34

KOTAK CREDIT RISK FUND

An 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


Product Label

Riskometer


AAUM: `2,199.38 crs

AUM: `2,051.99 crs

Benchmark: Nifty Credit Risk

Bond Index $


Folio count: 18,425


Debt Instruments


Corporate Debt/Financial Institutions

Talwandi Sabo Power Ltd.

( Unconditional and Irrevocable Corporate Guarantee of Vedanta Ltd.) CRISIL AA(CE) 9.11

Coastal Gujarat Power Ltd. ( Guarenteed by TATA Power Co. Ltd ) CARE AA(CE) 4.81

Future Lifestyle Fashions Ltd. CRISIL A+ 4.77

L & T Infrastructure Finance Company Ltd. CRISIL AAA 3.96

Bahadur Chand Investments Private Limited ICRA AA 3.65

Shriram Transport Finance Co Ltd. CRISIL AA+ 3.06

Vizag General Cargo Berth Pvt. Ltd.

( backed by unconditional and irrevocable guarantee of Vedanta Ltd ) CRISIL AA(CE) 2.41



Nayara Energy Limited CARE AA 1.99

Aarish Solar Power Ltd. # CARE AA-(CE) 0.61

Aashman Energy Pvt. Ltd. # CARE AA-(CE) 0.61

Divyesh Power Pvt. Ltd. # CARE AA-(CE) 0.61

Elena Renewable Energy Pvt. Ltd. # CARE AA-(CE) 0.61

Pratyash Renewable Pvt. Ltd. # CARE AA-(CE) 0.61

SEI Baskara Power Pvt. Ltd. # CARE AA-(CE) 0.61

SEI Enerstar Renewable Energy Pvt. Ltd. # CARE AA-(CE) 0.61

SEI Mihir Energy Pvt. Ltd. # CARE AA-(CE) 0.61

Shreyas Renwable Energy Pvt. Ltd. # CARE AA-(CE) 0.61

Zuvan Energy Pvt. Ltd. # CARE AA-(CE) 0.61

Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) CRISIL AAA 0.50

Fullerton India Credit Co. Ltd. CRISIL AAA 0.17


Shriram City Union Finance Ltd. CARE AA+ 0.05


JM Financial Credit Solutions Ltd. ICRA AA 0.01

Corporate Debt/Financial Institutions - Total 45.12


U P Power Corporation Ltd ( Guaranteed By UP State Government ) CRISIL A+(CE) 11.88

Power Finance Corporation Ltd.(^) CRISIL AAA 11.66

Union Bank of India (AT1 bonds) CARE A+ 9.89


Rural Electrification Corporation Ltd. CRISIL AAA 1.26

National Highways Authority Of India CRISIL AAA 0.25

Punjab National Bank CRISIL A+ 0.25

Small Industries Development Bank Of India CARE AAA 0.25

National Bank for Agriculture & Rural Development CRISIL AAA 0.14


Public Sector Undertakings - Total 42.35


8.36% State Government-Madhya Pradesh SOV 5.04

Government Dated Securities - Total 5.04


PORTFOLIO


Low

Medium

High

33.46 33.33 25.72 4.87 2.62

A+, A+(CE), A- AA+, AA, AA(CE), IND AA, AA-(CE) AAA, SOV TREP & Term Deposits & Rev.Repo

Net Current Assets

35


KOTAK CREDIT RISK FUND

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

Scheme Inception : - May 11, 2010. 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.Alpha is difference of scheme return with benchmark return.(^) Fully or Party blocked against Interest Rate Swap (IRS) Hedging Position through Interest Rate Swaps as on 31 May 2020 is 4.68% of the net assets.Average Maturity of the portfolio based on Security's original maturity date: 2.73 years.Kotak Credit Risk Fund NAV as on May 29, 2020: `21.7853 (Growth Option), `23.3196 (Direct Growth Option), ̀ 9.8217 (Weekly Dividend), `10.2629 (Direct Weekly Dividend), `10.1145 (Monthly Dividend), `10.3888 (Direct Monthly Dividend), ̀ 10.8426 (Quarterly Dividend), ̀ 10.2493 (Direct Quarterly Dividend), ̀ 10.0803 (Annual Dividend), ̀ 17.5153 (Direct Annual Dividend).$ With Effect from 1st November 2019, the Benchmark is changed to NIFTY Credit Risk Bond Index from CRISIL Composite AA Short Term Bond Index.*For Fund Manager experience, please refer page 57-59. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 50-56. For last three dividends, please refer page no 60-62.

Triparty Repo 4.87

Net Current Assets/(Liabilities)^^ 2.62

Grand Total 100.00

ALLOCATION (%)

RATING PROFILE (%)






Scheme Returns (%)

NIFTY Credit Risk Bond Index Returns (%)

Alpha

NIFTY Credit Risk Bond Index ( )#`


CRISIL 1 Year T-Bill Index (%)


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

18,21,683 17,99,898 10,92,159 7,10,533 3,94,426 1,22,144

7.88 7.87 7.39 6.72 6.05 3.38

9.18 9.18 8.89 8.57 8.73 9.57

-1.31 NA -1.49 -1.86 -2.68 -6.19

19,52,698 19,28,395 11,51,961 7,44,283 4,10,369 1,26,023

17,68,272 17,48,606 10,91,313 7,21,542 4,04,727 1,25,365

7.31 7.32 7.37 7.33 7.79 8.52

# (Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd.)

ISIN Name of the Security

INE528G0839409.00% Yes Bank Ltd. (Basel III Tier I)

Perpetual Call-18/10/2022 (L)


Total

Value Recognised inNAV(Rs. In Lacs)

% toNet Assets


0.00 0.00 9040.89

0.00 0.00 9,040.89-

87.47 5.04 4.87 2.62

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

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.


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

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 9% 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: NILRevised exit load structure effective from May 13, 2020


$Standard Deviation

Modified Duration

Portfolio Yield

5.90%

2.88 yrs

9.25%

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


36


Low

Medium

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`1,543.83

AUM: `1,464.55 crs

Benchmark: NIFTY Medium Duration Debt Index


Folio count: 10,106



PORTFOLIO

Debt Instruments


Corporate Debt/Financial Institutions

Coastal Gujarat Power Ltd. ( Guarenteed by TATA Power Co. Ltd ) CARE AA(CE) 9.09


Shriram Transport Finance Co Ltd. CRISIL AA+ 4.29

Talwandi Sabo Power Ltd.

( Unconditional and Irrevocable Corporate Guarantee of Vedanta Ltd.) CRISIL AA(CE) 3.74

Embassy Office Parks Reit CRISIL AAA 3.62

Aarish Solar Power Ltd. # CARE AA-(CE) 0.28

Aashman Energy Pvt. Ltd. # CARE AA-(CE) 0.28

Divyesh Power Pvt. Ltd. # CARE AA-(CE) 0.28

Elena Renewable Energy Pvt. Ltd. # CARE AA-(CE) 0.28

Pratyash Renewable Pvt. Ltd. # CARE AA-(CE) 0.28

SEI Baskara Power Pvt. Ltd. # CARE AA-(CE) 0.28

SEI Enerstar Renewable Energy Pvt. Ltd. # CARE AA-(CE) 0.28

SEI Mihir Energy Pvt. Ltd. # CARE AA-(CE) 0.28

Shreyas Renwable Energy Pvt. Ltd. # CARE AA-(CE) 0.28

Zuvan Energy Pvt. Ltd. # CARE AA-(CE) 0.28

Tata Sons Private Ltd. CRISIL AAA 0.21

The Indian Hotels Company Ltd. CARE AA+ 0.20


IOT Utkal Energy Services Ltd. CRISIL AAA 0.02

Corporate Debt/Financial Institutions - Total 29.74



Power Finance Corporation Ltd. CRISIL AAA 8.95

Punjab National Bank (AT1 bonds) FITCH IND A 7.98

ONGC Petro Additions Ltd. ICRA AAA(CE) 6.86

U P Power Corporation Ltd ( Guaranteed By UP State Government ) CRISIL A+(CE) 6.04

Rural Electrification Corporation Ltd. CRISIL AAA 5.34

National Highways Authority Of India CRISIL AAA 3.56


Indian Railway Finance Corporation Ltd. CRISIL AAA 2.87

State Bank Of India. CRISIL AAA 0.77

Steel Authority of India Ltd. FITCH IND AA- 0.05

Public Sector Undertakings - Total 55.93



Government Dated Securities - Total 1.21

Treasury Bills

91 Days Treasury Bill 13/08/2020 SOV 3.39

Treasury Bills - Total 3.39

Triparty Repo 5.05

Net Current Assets/(Liabilities)^^ 4.68

Grand Total 100.00

# (Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd.)

37

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

Scheme Inception : - March 21, 2014. 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.Alpha is difference of scheme return with benchmark return.Average Maturity of the portfolio based on Security's original maturity date: 4.02 yearsKotak Medium Term Fund NAV as on May 29, 2020: `16.1589 (Growth Option), `17.0734 (Direct Growth Option), `10.6575 (Quarterly Dividend), `10.7304 (Direct Quarterly Dividend), `10.2976 (Annual Dividend), `17.1146 (Direct Annual Dividend).*For Fund Manager experience, please refer page 57-59. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 50-56. For last three dividends, please refer page no 60-62.

ALLOCATION (%)

RATING PROFILE (%)

ISIN Name of the Security Value Recognised inNAV(Rs. In Lacs)

% toNet Assets


INE202B07IK19.10% Dewan Housing Fin Co.Ltd.(Tranche I Series IB)-09/09/2019 (L) 666.92 0.46 2727.5

INE202B07IJ309.05% Dewan Housing Fin Co.Ltd.(Tranche I Series IA)-09/09/2019 (L)

2,000.06 1.37 8178.75







Scheme Returns (%)

Nifty Medium Duration Index Returns (%)

Alpha

Nifty Medium Duration Index ( )#`



Since Inception 5 years 3 years 1 year

7,50,000 6,00,000 3,60,000 1,20,000

9,29,791 7,02,009 3,90,879 1,22,575

6.80 6.23 5.44 4.06

8.99 9.03 10.09 12.81

-2.19 -2.80 -4.65 -8.75

9,96,389 7,52,791 4,18,635 1,28,029

9,92,186 7,50,061 4,22,608 1,28,014

8.86 8.89 10.74 12.80

2,666.97 1.82 15,333.59Total -

INE528G0839409.00% Yes Bank Ltd. (Basel III Tier I)

Perpetual Call-18/10/2022 (L)0.00 0.00 4427.34

85.67 5.05 4.68 3.39 1.21

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

Treasury Bills Government Dated Securities

42.53 24.34 23.4 5.05 4.68

AAA, AAA(CE), SOV A+(CE), IND A, A- AA+, AA, AA(CE), IND AA, AA-(CE), IND AA-


38

Debt Instruments


Corporate Debt/


Sikka Ports & Terminals Ltd.

( Mukesh Ambani Group ) (^) CRISIL AAA 5.40

Coastal Gujarat Power Ltd.

( Guarenteed by TATA

Power Co. Ltd ) CARE AA(CE) 4.04


ICICI Bank Ltd. (AT1 bonds) CRISIL AA+ 2.78

Jamnagar Utilities &

Power Private Limited

( Mukesh Ambani Group ) CRISIL AAA 2.12

AXIS Bank Ltd. (AT1 bonds) CRISIL AA+ 0.81


SP Jammu Udhampur Highway

Ltd. ( Operational road project

with annuity from NHAI ) ICRA AAA 0.11



Public Sector

Undertakings



Indian Railway Finance


Power Finance


Bank Of Baroda (AT1 bonds) CRISIL AA+ 3.68

National Bank for Agriculture

& Rural Development ICRA AAA 1.99

Union Bank of India

(AT1 bonds) FITCH IND AA 1.45

Public Sector


Government

Dated Securities



8.27% State

Government-Rajasthan SOV 2.66



Government Dated


Triparty Repo 5.12

Net Current Assets/

(Liabilities) 0.41

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


$Standard Deviation

Modified Duration

Portfolio Yield

2.95%

4.76 yrs

6.84%

KOTAK DYNAMIC BOND FUNDMaturityShort Medium Long Volatility

Low

Medium

HighAn open-ended dynamic debt scheme investing across duration

yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately




AAUM: `1,143.85 crs

AUM: `1,219.95 crs

Benchmark: Nifty Composite Debt Index


Folio count: 12,388



PORTFOLIO

ALLOCATION (%)

RATING PROFILE (%)

Scheme Inception : - May 26, 2008. 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.Alpha is difference of scheme return with benchmark return.(^) Fully or Party blocked against Interest Rate Swap (IRS) Hedging Position through Interest Rate Swaps as on 31 May 2020 is 7.87% of the net assets.Average Maturity of the portfolio based on Security's original maturity date: 6.66 yearsKotak Dynamic Bond Fund NAV as on : `27.5222 (Growth Option), `28.804 (Direct Growth Option), `11.5175 (Quarterly Dividend), `11.3207 (Direct Quarterly Dividend), `22.072 (Regular Monthly May 29, 2020Dividend), ̀ 22.7158 (Direct Monthly Dividend)*For Fund Manager experience, please refer page 57-59. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 50-56. For last three dividends, please refer page no 60-62.







Scheme Returns (%)

Nifty Composite Debt Index Returns (%)

Alpha

Nifty Composite Debt Index ( )#`




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

25,91,974 19,50,916 11,76,641 7,63,550 4,20,381 1,27,064

9.19 9.40 9.49 9.60 10.38 11.26

8.58 8.73 8.84 8.72 9.75 10.63

0.61 0.67 0.64 0.88 0.64 0.63

24,75,185 18,70,661 11,42,391 7,42,146 4,13,519 1,25,750

22,62,063 17,48,606 10,91,313 7,21,542 4,04,727 1,25,365

7.09 7.32 7.37 7.33 7.79 8.52

52.02 42.45 5.120.41

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

81.71 12.76 5.120.41

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

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

3.40%

6.61 yrs

6.58%

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 Instruments



Institutions

Bahadur Chand Investments

Private Limited ICRA AA 2.29


Tata Steel Ltd. CARE AA- 1.65

Aditya Birla Finance Ltd. ICRA AAA 1.43


20-06-2022 - (B) (Mobil Trust



Hindalco Industries Ltd. CRISIL AA 0.02



Public Sector

Undertakings

Canara Bank FITCH IND AAA 8.41



Power Finance


Punjab National Bank CRISIL A+ 1.96

National Highways Authority

Of India CRISIL AAA 1.69

Bank Of Baroda FITCH AAA(IND) 1.57

Union Bank of India

(At1 bonds) CARE AA- 1.25



Government ) FITCH IND AA(CE) 1.03



Government ) CRISIL A+(CE) 0.61

Public Sector


Government

Dated Securities






Government Dated


Triparty Repo 13.78

Net Current Assets/

(Liabilities) -10.22

Grand Total 100.00

39


Low

Medium

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 FUND


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately


Fund Manager: Mr. Abhishek Bisen*

AAUM: crs`1,302.89

AUM: `1,312.15 crs

Benchmark: NIFTY Medium to Long Duration Debt Index


Folio count: 4,137



ALLOCATION (%)

RATING PROFILE (%)

Scheme Inception : - November 25,1999. 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.Alpha is difference of scheme return with benchmark return.Average Maturity of the portfolio based on Security's original maturity date: 10.95 years.Kotak Bond Fund NAV as on May 29, 2020: ̀ 58.1984 (Growth Option), ̀ 61.8992 (Direct Growth Option), ̀ 12.4373 (Quarterly Dividend), ̀ 16.7528 (Direct Quarterly Dividend), ̀ 35.6562 (Annual Dividend), ̀ 22.2953 (Direct Annual Dividend)*For Fund Manager experience, please refer page 57-59. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 50-56. For last three dividends, please refer page no 60-62.







Scheme Returns (%)

Nifty Medium to Long Duration Debt Index Returns (%)

Alpha

Nifty Medium to Long Duration Debt Index ( )#`




24,70,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000

63,24,830 18,42,658 11,31,653 7,42,937 4,18,921 1,28,367

8.36 8.32 8.39 8.50 10.14 13.37

NA 8.62 8.82 8.68 9.82 11.42

NA -0.30 -0.43 -0.18 0.32 1.95

NA 18,60,018 11,41,456 7,41,454 4,13,962 1,26,169

NA 18,30,192 11,46,680 7,50,061 4,22,608 1,28,014

NA 8.19 8.76 8.89 10.74 12.80

59.06 37.38 13.78- 10.22

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

85.4 13.78 8.47 2.57- 10.22

AAA, AAA(IND), AAA(SO), IND AAA, SOV TREP & Term Deposits & Rev.Repo AA, IND AA(CE), AA-

A+, A+(CE) Net Current Assets

92.17 9.85- 2.02

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

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

Government Dated Securities 7.57% CentralGovernment SOV 36.337.16% CentralGovernment SOV 15.786.19% CentralGovernment SOV 12.207.27% CentralGovernment SOV 11.517.26% CentralGovernment SOV 8.18

5.79% CentralGovernment SOV 4.676.79% CentralGovernment SOV 3.50Government DatedSecurities - Total 92.17Triparty Repo 9.85Net Current Assets/(Liabilities) -2.02Grand Total 100.00

$Standard DeviationA)Regular PlanB) PF & Trust Plan

Modified Duration

Portfolio Yield

4.43%4.43%

7.76 yrs

5.98%


Low

Medium

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

KOTAK GILT FUND

Fund Manager: Mr. Abhishek Bisen*

AAUM: crs`683.26

AUM: `749.87 crs

Benchmark: Nifty All Duration G-Sec Index

Allotment date: Regular Plan - December 29, 1998;

PF & Trust Plan - November 11, 2003

Folio count: 2,970

Product Label

Riskometer



ALLOCATION (%)

RATING PROFILE (%)

Average Maturity of the portfolio based on Security's original maturity date: 13.36 years.Kotak Gilt Fund NAV as on May 29, 2020: `73.7557 (Regular-Growth), `79.4046 (Regular-Growth-Direct), `15.4301 (Quarterly-Dividend), `17.9329 (Quarterly-Dividend Direct), ̀ 75.4566 (PF & Trust-Growth), ̀ 81.3217 (PF & Trust-Growth Direct), ̀ 12.6211 (PF & Trust-Quarterly Dividend )*For Fund Manager experience, please refer page 57-59. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 50-56. For last three dividends, please refer page no 60-62.


40

92.17 9.85- 2.02

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

AU Small Finance Bank Ltd. 0.04AXIS Bank Ltd. 1.84AXIS Finance Ltd. 0.15Aarish Solar Power Ltd.( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee ofGreenko Energies Pvt. Ltd. ) 0.02Aashman Energy Pvt. Ltd.( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee ofGreenko Energies Pvt. Ltd. ) 0.02Aditya Birla Finance Ltd. 0.86Indian Bank 0.19Andhra Bank 0.22Avendus Finance Pvt Ltd. 0.07Bahadur Chand Investments Private Limited 0.17Bajaj Finance Ltd. 1.44Bajaj Housing Finance Ltd. 0.37Bank Of Baroda 1.33Bank of India 0.50Bharti Airtel Ltd. 0.79Bharti Telecom Ltd. 0.55Bhopal Dhule Transmission Company Ltd. ( Operational power transmission project ) 0.18Birla Corporation Ltd. 0.04Canara Bank 1.73Central Government 20.46Coastal Gujarat Power Ltd. ( Guarenteed by TATA Power Co. Ltd ) 0.34Dalmia Cement (Bharat) Ltd 0.06Divyesh Power Pvt. Ltd.( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee ofGreenko Energies Pvt. Ltd. ) 0.02Embassy Office Parks REIT 0.23Elena Renewable Energy Pvt. Ltd.( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee ofGreenko Energies Pvt. Ltd. ) 0.02Export-Import Bank of India 0.93First Business Receivables Trust ( Originator Reliance Industries Ltd ) 0.46Food Corporation of India (Guaranteed by Govt of India) 0.45Fullerton India Credit Co. Ltd. 0.27Future Lifestyle Fashions Ltd. 0.10Godrej Properties Limited 0.12Grasim Industries Ltd. 0.03HDB Financial Services Ltd. 1.19HDFC Bank Ltd. 0.06HDFC Ltd. 3.19HPCL Mittal Energy Ltd. 0.08HSBC InvestDirect Financial Services (India) Ltd. 0.05Hero FinCorp Ltd. 0.24Hindalco Industries Ltd. 0.00Hindustan Petroleum Corporation Ltd. 0.05ICICI Bank Ltd. 0.44ICICI Home Finance Company Limited 0.03IIFL Home Finance Ltd. 0.11IOT Utkal Energy Services Ltd. 0.01Indian Oil Corporation Ltd. 0.74Indian Railway Finance Corporation Ltd. 0.36Indostar Capital Finance Limited 0.14IndusInd Bank Ltd. 1.32JM Financial Credit Solutions Ltd. 0.02JM Financial Products Limited 0.07Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) 0.51Jyothy Fbricare Services Ltd. ( Guaranteed By Jyothy Laboratories Ltd ) 0.08Kotak Mahindra Investments Ltd. 0.25Kotak Mahindra Prime Ltd. 0.24L & T Finance Ltd. 0.02L & T Housing Finance Ltd. 0.12L & T Infrastructure Finance Company Ltd. 0.38LIC Housing Finance Ltd. 3.30Mahindra & Mahindra Financial Services Ltd. 1.18Manappuram Finance Ltd. 0.29Mobil Trust Series - 07 ( Originator Shriram City Union Finance Ltd ) 0.15Mobil Trust Series - 08 ( Originator Shriram City Union Finance Ltd ) 0.03Muthoot Finance Ltd. 1.00NHPC Ltd. 0.01Nabha Power Ltd. ( Guaranteed by Larsen & Toubro Ltd ) 0.60National Bank for Agriculture & Rural Development 3.48National Highways Authority Of India 0.33National Housing Bank 1.39National Thermal Power Corporation Ltd. 1.05Nayara Energy Limited 0.05

41

Details of exposure across all Debt Funds of Kotak Mahindra Mutual Fund as on May 31, 2020

Issuer Name %age of Exposure to Debt AUM $

Issuer Name

Industry / Sector %age of Exposure to Debt AUM $BANK 10.10CASH (TREP/REVERSE REPO) 8.29CORPORATES 16.93FINANCIAL SERVICES 27.73GOI/TBILLS 27.21NBFC 9.74Total 100.00

42

%age of Exposure to Debt AUM $

Nuvoco Vistas Corporation Ltd. 0.09ONGC Petro Additions Ltd. (Letter of Comfort from ONGC) 0.20Oriental Bank of Commerce 0.94PNB Housing Finance Ltd. 0.14Power Finance Corporation Ltd. 5.16Power Grid Corporation of India Ltd. 0.05Powergrid Vizag Transminssion Ltd. (Guaranteed by Powergrid Corp ) 0.02Pratyash Renewable Pvt. Ltd.( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee ofGreenko Energies Pvt. Ltd. ) 0.02Punjab & Sind Bank 0.35Punjab National Bank 0.15Reliable Devices Trust ( Underlying customer Reliance Retail ) 0.64Reliance Industries Ltd. 3.84Reliance Jio Infocomm Ltd. 1.26Reliance Retail Limited 0.10Rent A Device Trust ( Underlying customer Reliance Retail ) 0.64Rural Electrification Corporation Ltd. 5.10SEI Baskara Power Pvt. Ltd.( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee ofGreenko 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 ofGreenko Energies Pvt. Ltd. ) 0.02SEI Mihir Energy Pvt. Ltd.( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee ofGreenko Energies Pvt. Ltd. ) 0.02SP Jammu Udhampur Highway Ltd. ( Operational road project with annuity from NHAI) 0.07Shreyas Renwable Energy Pvt. Ltd.( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee ofGreenko Energies Pvt. Ltd. ) 0.02Shriram City Union Finance Ltd. 0.07Shriram Transport Finance Co Ltd. 0.14Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) 0.15Small Industries Development Bank Of India 2.13State Bank Of India. 0.35State Government 6.75Steel Authority of India Ltd. 0.00Sundaram BNP Paribas Home Finance Ltd 0.17Sundaram Finance Ltd. 0.63TREP/REVERSE REPO 8.29Talwandi Sabo Power Ltd. (Guaranteed by Vedanta Ltd.) 0.34Tata Capital Financial Services Limited 0.54Tata Capital Housing Finance Ltd. 0.63Tata Motors Finance Ltd. 0.50Tata Motors Finance Solutions Ltd. 0.25Tata Motors Ltd. 0.13Tata Power Company Ltd. 0.25Tata Projects Ltd. 0.05Tata Sons Private Ltd. 0.51Tata Steel Ltd. 0.83The Indian Hotels Company Ltd. 0.05U P Power Corporation Ltd ( Guaranteed By UP State Government ) 0.91Union Bank of India 0.65Vedanta Ltd. 0.20Vizag General Cargo Berth Pvt. Ltd. (Guaranteed by Vedanta Ltd ) 0.05YES Bank Ltd. 0.00Zuvan Energy Pvt. Ltd.( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee ofGreenko Energies Pvt. Ltd. ) 0.02Total 100.00

Key Credit Brief provides the Key Highlights for select counterparties in our portfolio.Please for the updated Key Credit Brief.click hereFor viewing this on the desktop please visit: Kotak MF website>> Market & Funds >> Fund Updates >> Key Credit Brief. Also you can scan the QR code for Key Credit Brief.

https://assetmanagement.kotak.com/key-credit-brief

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.



Mutual Fund Units

Kotak Equity Opportunities

Fund Direct Growth Equity Scheme 42.42

Kotak Emerging Equity Fund

Direct Growth Equity Scheme 24.00





Kotak Mahindra Liquid Fund

Direct Plan Growth Debt Scheme 3.99

Kotak Infrastructure & Economic

Reform Fund Direct Growth Equity Scheme 2.55

Mutual Fund Units - Total 99.88

Net Current Assets/

(Liabilities) 0.12

Grand 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

Medium

Small

Maturity For Debt:


Low

Medium

High



PORTFOLIO


Fund Manager: Mr. Devender Singhal Mr. Arjun Khanna*AAUM: `48.80 crsAUM: `49.79 crsBenchmark: NIFTY 50 Hybrid Composite Debt 50:50 Index Allotment date: August 9, 2004Folio count: 3,354

Kotak Asset Allocator Fund NAV as on May 29, 2020: ̀ 80.255 (Dividend Option), ̀ 83.936 (Direct Dividend Option), ̀ 82.448 (Growth Option), ̀ 85.475 (Direct Growth Option)*For Fund Manager experience, please refer page 57-59. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 50-56. For last three dividends, please refer page no 60-62.


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately



43

99.88 0.12

Unrated 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.


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


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 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

Signature Emerging

Markets Fund - 974 Overseas Mutual Fund 98.33

Mutual Fund Units - Total 98.33

Triparty Repo 2.08

Net Current Assets/

(Liabilities) -0.41

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

Medium

Small



PORTFOLIO


Kotak Global Emerging Market Fund NAV as on May 29, 2020: ̀ 15.722 (Dividend Option), ̀ 16.677 (Direct Dividend Option), ̀ 15.72 (Growth Option), ̀ 16.607 (Direct Growth Option)*For Fund Manager experience, please refer page 57-59. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 50-56.

Fund Manager: Mr. Arjun Khanna* (w.e.f. May 09, 2019)AAUM: `75.96 crsAUM: `77.55 crsBenchmark: MSCI Emerging Market indexAllotment date: September 26, 2007Folio count: 20,226


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Product Label

Riskometer


44

98.33 2.08-0.41

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

Kotak Gold ETF NAV as on May 29, 2020: `414.5462*For Fund Manager experience, please refer page 57-59. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 50-56.

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: 0.55%

7


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately


Gold 1 Kg Fineness 0.995 GOVERNMENT 98.69

Equity & Equity


Net Current Assets/

(Liabilities) 1.31

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.

KOTAK GOLD ETF

An open-ended scheme replicating/ tracking physical gold prices



PORTFOLIO


Tracking Error: 0.07%

Fund Manager: Mr. Abhishek Bisen & Mr. Satish Dondapati* (w.e.f. May 09, 2019)AAUM: `970.65 crs AUM: `1,026.06 crsBenchmark: Price of GoldAllotment date: July 27, 2007Folio count: 38,563



45

98.69 1.31

Gold Net Current Assets

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:

17.19%

0.09%







Tata Consultancy


ITC Ltd. Consumer Non Durables 4.32






Asian Paints Ltd. Consumer Non Durables 1.90


Nestle India Ltd. Consumer Non Durables 1.57

State Bank Of India Banks 1.55

HCL Technologies Ltd. Software 1.50


Sun Pharmaceuticals

Industries Ltd. Pharmaceuticals 1.28

Dr Reddys Laboratories Ltd Pharmaceuticals 1.24




Mahindra & Mahindra Ltd. Auto 1.05

Power Grid Corporation

Of India Ltd Power 1.01


Titan Company Ltd. Consumer Durables 0.93

Bajaj Auto Ltd. Auto 0.88

Cipla Ltd. Pharmaceuticals 0.82

Tech Mahindra Ltd. Software 0.82

Wipro Ltd. Software 0.79

Hero MotoCorp Ltd. Auto 0.77

Oil & Natural Gas

Corporation Ltd. Oil 0.76

Coal India Ltd. Minerals/Mining 0.74


Bharat Petroleum

Corporation Ltd. Petroleum Products 0.69

Bajaj Finserv Ltd. Finance 0.67

Adani Port and Special

Economic Zone Limited Transportation 0.63

IndusInd Bank Ltd. Banks 0.60

Eicher Motors Ltd Auto 0.58

Grasim Industries Ltd. Cement 0.58

Tata Steel Limited. Ferrous Metals 0.56

UPL Ltd Pesticides 0.56

Indian Oil Corporation Ltd Petroleum Products 0.53

Hindalco Industries Ltd Non - Ferrous Metals 0.51

Bharti Infratel Ltd. Telecom - Equipment & Accessories 0.49

JSW Steel Ltd. Ferrous Metals 0.47

GAIL (India) Ltd. Gas 0.43

Vedanta Ltd. Non - Ferrous Metals 0.42

Zee Entertainment

Enterprises Ltd Media and Entertainment 0.42

Tata Motors Ltd. Auto 0.39

Equity & Equity


Net Current Assets/

(Liabilities) 0.10

Grand 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


Fund Manager: Mr. Devender Singhal & Mr. Satish Dondapati* (w.e.f. May 09, 2019)AAUM: `939.10 crs AUM: `976.30 crsBenchmark: Nifty 50 TRIAllotment date: February 2, 2010Folio count: 13,163


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately


Kotak Nifty ETF NAV as on May 29, 2020: ̀ 99.4305*For Fund Manager experience, please refer page 57-59. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 50-56. For last three dividends, please refer page no 60-62.


46

24.1514.64

13.0812.47

9.165.54

3.343.10

2.892.41

9.22

Banks Software Petroleum Products Consumer Non Durables Finance Auto

Pharmaceuticals Telecom - Services Construction Project 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:

15.59%

0.11%







Tata Consultancy



ITC Ltd. Consumer Non Durables 4.83





Asian Paints Ltd. Consumer Non Durables 2.18


Nestle India Ltd. Consumer Non Durables 1.80


HCL Technologies Ltd. Software 1.71

Sun Pharmaceuticals

Industries Ltd. Pharmaceuticals 1.47



Mahindra & Mahindra Ltd. Auto 1.20



Titan Company Ltd. Consumer Durables 1.07

Power Grid Corporation

Of India Ltd Power 1.06

Bajaj Auto Ltd. Auto 1.01

Tech Mahindra Ltd. Software 0.94

Hero MotoCorp Ltd. Auto 0.88

Oil & Natural Gas

Corporation Ltd. Oil 0.75


Tata Steel Limited. Ferrous Metals 0.64

Equity & Equity


Net Current Assets/

(Liabilities) 0.51

Grand Total 100.00



KOTAK SENSEX ETF

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



PORTFOLIO


Fund Manager: Mr. Devender Singhal & Mr. Satish Dondapati* (w.e.f. May 09, 2019)AAUM: ` crs 11.36AUM: `11.80 crsBenchmark: S&P BSE SENSEX TRIAllotment date: June 6, 2008Folio count: 1,291


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately


Kotak Sensex ETF NAV as on May 29, 2020: ̀ 335.1955*For Fund Manager experience, please refer page 57-59. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 50-56. For last three dividends, please refer page no 60-62.


47

26.77 16.02 14.08 13.329.56

5.233.81

3.262.25

1.474.23

Banks Software Consumer Non Durables Petroleum Products Finance Auto

Telecom - Services Construction Project Power Pharmaceuticals 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










Bandhan Bank Limited. Banks 1.50

Federal Bank Ltd. Banks 1.47

RBL Bank Ltd Banks 0.94

Bank Of Baroda Banks 0.77

IDFC First Bank Limited Banks 0.75

Punjab National Bank Banks 0.50

Equity & Equity


Net Current Assets/

(Liabilities) 0.04

Grand Total 100.00

Portfolio Turnover:

Tracking Error:

69.36%

0.37%


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 May 29, 2020: ̀ 195.142*For Fund Manager experience, please refer page 57-59. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 50-56.


48

Fund Manager: Mr. Devender Singhal & Mr. Satish Dondapati* (w.e.f. May 09, 2019)AAUM: `4,205.97 crs AUM: `3,795.81 crsBenchmark: Nifty Bank Index TRIAllotment date: December 04, 2014Folio count: 19,466

99.96 0.04

Banks Net Current Assets

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:

58.83%

0.28%



Equity & Equity related State Bank Of India Banks 26.20

Bank Of Baroda Banks 19.02

Canara Bank Banks 12.54

Punjab National Bank Banks 12.46

Bank of India Banks 6.74

Union Bank Of India Banks 6.47

Central Bank Of India Banks 3.33

Indian Bank Banks 2.90

UCO Bank Banks 2.74

Indian Overseas Bank Banks 2.67

Bank of Maharashtra Banks 2.17

The Jammu and Kashmir

Bank Ltd. Banks 1.94

Punjab & Sind Bank Banks 0.80

Equity & Equity


Net Current Assets/

(Liabilities) 0.02

Grand Total 100.00

KOTAK PSU BANK ETF

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

Fund Manager: Mr. Devender Singhal & Mr. Satish Dondapati* (w.e.f. May 09, 2019)AAUM: `18.01 crs AUM: `17.82 crsBenchmark: Nifty PSU Bank TRIAllotment date: November 8, 2007Folio count: 3,133



PORTFOLIO



yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Product Label

Riskometer

Kotak PSU Bank ETF NAV as on May 29, 2020: ̀ 111.5309*For Fund Manager experience, please refer page 57-59. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 50-56. For last three dividends, please refer page no 60-62.


49

99.98 0.02

Banks Net Current Assets

4550

Scheme Performances as on May 29, 2020

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.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). Alpha is difference of scheme return with benchmark return.

Kotak Equity Opportunities Fund - Growth

Since Inception 16.21% 13.01% 3.20% 13.25% 1,06,206 68,479 70,792

Last 1 Year -13.81% -18.60% 4.78% -18.57% 8,619 8,140 8,143

Last 3 Years -0.51% -0.10% -0.40% 1.23% 9,849 9,969 10,372

Last 5 Years 5.18% 3.78% 1.40% 3.93% 12,875 12,040 12,126

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

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

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.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). Alpha is difference of scheme return with benchmark return.

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 10.79% 7.97% 2.82% 7.88% 29,994 22,751 22,561

Last 1 Year -18.53% -18.60% 0.07% -18.57% 8,147 8,140 8,143

Last 3 Years -0.65% -0.10% -0.55% 1.23% 9,805 9,969 10,372

Last 5 Years 5.51% 3.78% 1.73% 3.93% 13,080 12,040 12,126

ALPHA

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.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). Alpha is difference of scheme return with benchmark return.

Kotak Emerging EquityFund - Growth

Nifty Midcap100 TRI#

Nifty 50 TRI## Kotak Emerging EquityFund - Growth

Nifty 50 TRI##Nifty Midcap 100 TRI#

Since Inception 9.39% 9.32% 0.08% 8.51% 32,634 32,339 29,318

Last 1 Year -16.76% -25.18% 8.42% -18.57% 8,324 7,482 8,143

Last 3 Years -3.25% -7.89% 4.64% 1.23% 9,056 7,817 10,372

Last 5 Years 4.79% 1.28% 3.51% 3.93% 12,641 10,657 12,126

Kotak Emerging Equity Fund - Growth

ALPHA

Kotak Bluechip Fund- Growth

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

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

Kotak Bluechip Fund - Growth

Since Inception 17.71% 15.17% 2.54% 15.33% 1,68,650 1,15,493 1,18,415

Last 1 Year -15.50% -18.57% 3.07% -17.36% 8,450 8,143 8,264

Last 3 Years -0.55% 1.23% -1.78% 2.64% 9,836 10,372 10,813

Last 5 Years 3.18% 3.93% -0.74% 4.48% 11,699 12,126 12,451

Since inception date of Kotak Bluechip Fund - Reg Growth is 4/02/2003. 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.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. Alpha is difference of scheme return with benchmark return.

ALPHA

Kotak Small Cap Fund - Growth

Kotak Small Cap Fund -Growth

Nifty SmallCap 100 TRI# Nifty 50 TRI## Kotak Small Cap Fund -

GrowthNifty Small

Cap 100 TRI# Nifty 50 TRI##

Since Inception 12.05% 8.28% 3.77% 12.00% 56,804 33,684 56,453

Last 1 Year -21.62% -37.97% 16.35% -18.57% 7,838 6,203 8,143

Last 3 Years -7.77% -16.80% 9.03% 1.23% 7,847 5,763 10,372

Last 5 Years 1.92% -5.34% 7.27% 3.93% 10,999 7,596 12,126

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.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). Alpha is difference of scheme return with benchmark return.

ALPHA

51

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 3.39% -1.99% 5.38% 6.37% 15,053 7,815 21,335

Last 1 Year -29.01% -25.81% -3.20% -18.57% 7,099 7,419 8,143

Last 3 Years -9.18% -9.23% 0.05% 1.23% 7,494 7,481 10,372

Last 5 Years -0.33% -3.81% 3.48% 3.93% 9,837 8,234 12,126

Scheme 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.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). Alpha is difference of scheme return with benchmark return.

ALPHA

Kotak India Growth Fund - Series 4 - Growth

Kotak India Growth Fund- Series 4 - Growth

Nifty 200 TRI# Nifty 50 TRI## Nifty 50 TRI##

Since Inception -5.78% -4.20% -1.58% -2.10% 8,735 9,071 9,530

Last 1 Year -7.92% -18.60% 10.68% -18.57% 9,208 8,140 8,143

Scheme Inception date is 20/02/2018. Mr. Devender Singhal has been managing the fund since 09/05/2019.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. Alpha is difference of scheme return with benchmark return.


Nifty 200 TRI#ALPHA




Since Inception -9.11% -6.17% -2.94% -4.43% 8,229 8,782 9,117

Last 1 Year -15.28% -18.60% 3.32% -18.57% 8,472 8,140 8,143

Scheme Inception date is 15/05/2018. Mr. Harish Krishnan has been managing the fund since 15/05/2018.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. Alpha is difference of scheme return with benchmark return.


Nifty 200 TRI#ALPHA

Kotak Tax Saver Fund - GrowthKotak Tax SaverFund - Growth

Nifty 500 TRI# Nifty 50 TRI## Nifty 500 TRI# Nifty 50 TRI##

Since Inception 9.61% 10.27% -0.66% 10.72% 37,921 41,351 43,898

Last 1 Year -17.12% -19.17% 2.05% -18.57% 8,288 8,083 8,143

Last 3 Years -1.18% -0.93% -0.25% 1.23% 9,651 9,725 10,372

Last 5 Years 3.99% 3.62% 0.37% 3.93% 12,165 11,951 12,126Scheme 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). Alpha is difference of scheme return with benchmark return.

ALPHA

Scheme Inception date is 27/07/2005. Ms. Shibani Kurian has been managing the fund since 09/05/2019.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). Alpha is difference of scheme return with benchmark return.

Kotak India EQ Contra Fund - Growth

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

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

ALPHA

Since Inception 10.46% 11.67% -1.21% 11.40% 43,811 51,525 49,660

Last 1 Year -18.53% -17.78% -0.74% -18.57% 8,147 8,222 8,143

Last 3 Years 1.04% 0.82% 0.22% 1.23% 10,316 10,249 10,372

Last 5 Years 4.08% 4.18% -0.11% 3.93% 12,214 12,277 12,126

Kotak Tax SaverFund - Growth




Since Inception 0.16% -9.73% 9.89% -11.33% 10,028 8,365 8,107

Last 1 Year -4.28% -18.57% 14.30% -18.60% 9,572 8,143 8,140

Scheme Inception date is 31/08/2018. Ms. Shibani Kurian has been managing the fund since 09/05/2019.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. Alpha is difference of scheme return with benchmark return.


Nifty 50 TRI#ALPHA

Kotak Balanced Advantage Fund - Growth

Since Inception 0.65% 2.66% -2.01% -7.88% 10,119 10,490 8,612

Last 1 Year -4.97% -2.44% -2.53% -18.57% 9,503 9,756 8,143

Kotak BalancedAdvantage Fund - Growth

Nifty 50 TRI## Nifty 50 TRI##

Scheme Inception date is 03/08/2018. Mr. Harish Krishnan, Mr. Abhishek Bisen have been managing the fund since 03/08/2018. Mr. Hiten Shah has been managing the fund since 03/10/2019.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. Alpha is difference of scheme return with benchmark return.

ALPHANIFTY 50 Hybrid

Composite Debt 50:50 Index#Kotak Balanced

Advantage Fund - GrowthNIFTY 50 Hybrid

Composite Debt 50:50 Index#

52

Kotak Equity Arbitrage Fund - Growth

Since Inception 7.38% NA NA 10.60% 28,427 NA 43,875

Last 1 Year 6.18% 5.04% 1.14% -18.57% 10,618 10,504 8,143

Last 3 Years 6.35% 5.26% 1.10% 1.23% 12,027 11,660 10,372

Last 5 Years 6.37% 5.53% 0.84% 3.93% 13,621 13,092 12,126

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. Hiten Shah has been managing the fund since 03/10/2019.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). Alpha is difference of scheme return with benchmark return.

ALPHA

Kotak Liquid Fund - Growth

Kotak Liquid Fund- Growth NIFTY Liquid Index# CRISIL 1 Year TBill##

Kotak Liquid Fund- Growth

NIFTY Liquid Index# CRISIL 1Year TBill##

Since Inception 7.33% 7.35% -0.02% 6.18% 32,310 32,388 27,027

Last 1 Year 5.63% 5.64% -0.02% 8.01% 10,563 10,564 10,801

Last 3 Years 6.63% 6.59% 0.04% 7.24% 12,121 12,107 12,331

Last 5 Years 6.99% 6.89% 0.10% 7.21% 14,018 13,951 14,166Scheme 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. The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark. Alpha is difference of scheme return with benchmark return.

ALPHA

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 6.42% 5.94% 0.48% 4.80% 14,198 13,841 13,023

Last 1 Year -1.23% -0.57% -0.67% -18.57% 9,877 9,943 8,143

Last 3 Years 4.47% 4.64% -0.17% 1.23% 11,401 11,457 10,372

Last 5 Years 5.80% 5.45% 0.35% 3.93% 13,260 13,045 12,126

Scheme Inception date is 13/10/2014. Mr. Harish Krishnan has been managing the fund since 09/05/2019. 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). Alpha is difference of scheme return with benchmark return.

ALPHA

Kotak Equity Hybrid Fund - Growth

Kotak Equity HybridFund - Growth

NIFTY 50 Hybrid CompositeDebt 65:35 Index# Nifty 50 TRI##

Kotak Equity HybridFund - Growth Nifty 50 TRI##

Since Inception 4.05% 6.07% -2.02% 3.80% 12,473 13,883 12,305

Last 1 Year -13.82% -7.22% -6.60% -18.57% 8,618 9,278 8,143

Last 3 Years -1.50% 4.42% -5.92% 1.23% 9,556 11,383 10,372

Last 5 Years 3.43% 6.11% -2.68% 3.93% 11,836 13,453 12,126

NIFTY 50 Hybrid CompositeDebt 65:35 Index#

Kotak Equity Hybrid Fund � Direct plan Scheme Inception date is 25/11/1999 and Kotak Equity Hybrid Fund � Regular plan scheme inception date is 3rd November 2014. 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.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. Alpha is difference of scheme return with benchmark return.

ALPHA

53

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

Since Inception 7.57% NA NA 6.73% 47,754 NA 40,419

Last 1 Year 10.91% 10.57% 0.34% 8.01% 11,091 11,057 10,801

Last 3 Years 8.57% 8.57% 0.00% 7.24% 12,794 12,794 12,331

Last 5 Years 8.66% 8.76% -0.10% 7.21% 15,157 15,227 14,172

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.The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark. Alpha is difference of scheme return with benchmark return.

ALPHA


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 7.78% 8.46% -0.68% 6.67% 25,010 27,018 22,043

Last 1 Year 7.88% 7.83% 0.05% 8.01% 10,788 10,783 10,801

Last 3 Years 7.63% 7.55% 0.08% 7.24% 12,466 12,440 12,331

Last 5 Years 8.08% 7.75% 0.33% 7.21% 14,754 14,530 14,172

ALPHA


Kotak Bond Short Term Fund - GrowthKotak Bond Short Term Fund -

GrowthNIFTY Short Duration

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

Kotak Bond Short Term Fund -Growth

NIFTY Short DurationDebt Index#

Since Inception 7.79% 7.98% -0.19% 6.18% 38,826 40,080 29,570

Last 1 Year 9.81% 9.77% 0.04% 8.01% 10,981 10,977 10,801

Last 3 Years 7.74% 8.03% -0.29% 7.24% 12,503 12,604 12,331

Last 5 Years 7.99% 8.18% -0.19% 7.21% 14,693 14,823 14,172

ALPHA

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 7.76% 8.15% -0.39% 6.29% 32,556 34,490 26,207

Last 1 Year 7.27% 7.30% -0.03% 8.01% 10,727 10,730 10,801

Last 3 Years 7.32% 7.60% -0.28% 7.24% 12,360 12,457 12,331

Last 5 Years 7.60% 7.72% -0.12% 7.21% 14,426 14,507 14,172


ALPHA


Kotak Money Market Fund - Growth

Kotak Money MarketFund - Growth

NIFTY MoneyMarket Index# CRISIL 1 Year TBill##

NIFTY MoneyMarket Index# CRISIL 1 Year TBill##Kotak Money Market

Fund - GrowthSince Inception 7.41% 7.58% -0.17% 6.16% 33,465 34,358 27,462

Last 1 Year 7.33% 6.64% 0.69% 8.01% 10,733 10,664 10,801

Last 3 Years 7.52% 7.05% 0.47% 7.24% 12,428 12,265 12,331

Last 5 Years 7.56% 7.31% 0.25% 7.21% 14,402 14,238 14,172

ALPHA

54

Kotak Corporate Bond Fund - Growth


Kotak Corporate BondFund - Growth

CRISIL CorporateBond Composite Index#

CRISIL 1 Year TBill##

Since Inception 8.27% 9.50% -1.23% 6.63% 27,425 31,669 22,586

Last 1 Year 9.22% 11.58% -2.36% 8.01% 10,922 11,158 10,801

Last 3 Years 8.26% 8.18% 0.09% 7.24% 12,686 12,656 12,331

Last 5 Years 8.38% 8.90% -0.52% 7.21% 14,960 15,325 14,172

CRISIL 1 Year TBill##Kotak Corporate Bond

Fund - GrowthCRISIL Corporate

Bond Composite Index#ALPHA


Kotak Medium Term Fund - GrowthKotak Medium Term Fund

- GrowthNIFTY Medium Duration

Debt Index#CRISIL 10 Year Gilt## Kotak Medium Term Fund

- GrowthNIFTY Medium Duration

Debt Index#CRISIL 10 Year Gilt##

Since Inception 8.05% 9.24% -1.18% 9.18% 16,159 17,287 17,231

Last 1 Year 4.22% 12.03% -7.81% 13.02% 10,422 11,203 11,302

Last 3 Years 5.63% 8.39% -2.77% 7.38% 11,783 12,732 12,378

Last 5 Years 7.23% 8.64% -1.42% 8.29% 14,179 15,143 14,901

ALPHA

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.The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark. Alpha is difference of scheme return with benchmark return.

Kotak Bond Fund - Growth

Kotak Bond Fund- Growth

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

Kotak Bond Fund- Growth

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

Since Inception 8.96% NA NA NA 58,198 NA NA

Last 1 Year 12.36% 13.60% -1.24% 13.02% 11,236 11,360 11,302

Last 3 Years 7.42% 8.45% -1.03% 7.38% 12,394 12,752 12,378

Last 5 Years 7.84% 8.71% -0.87% 8.29% 14,592 15,190 14,901

ALPHA


Kotak Credit Risk Fund - GrowthKotak Credit Risk Fund -

GrowthNifty Credit Risk

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

GrowthNifty Credit Risk

Bond Index#

Since Inception 8.05% 9.23% -1.18% 6.96% 21,785 24,304 19,666

Last 1 Year 5.63% 9.42% -3.79% 8.01% 10,563 10,942 10,801

Last 3 Years 6.26% 8.11% -1.85% 7.24% 11,996 12,633 12,331

Last 5 Years 7.56% 8.74% -1.18% 7.21% 14,403 15,208 14,172

ALPHA

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 8.79% 8.65% 0.14% 6.67% 27,522 27,091 21,733

Last 1 Year 11.09% 12.86% -1.77% 8.01% 11,109 11,286 10,801

Last 3 Years 8.94% 8.50% 0.45% 7.24% 12,927 12,769 12,331

Last 5 Years 9.43% 8.76% 0.67% 7.21% 15,700 15,223 14,172

ALPHA


Kotak Floating Rate Fund - Growth

Kotak Floating RateFund - Growth

NIFTY Ultra ShortDuration Debt Index

CRISIL 1 YearTBill

CRISIL 1 YearTBill

Since Inception 7.53% 7.45% 0.08% 8.21% 10,787 10,779 10,859

Last 1 Year 7.37% 7.30% 0.07% 8.01% 10,737 10,730 10,801

Scheme Inception date is 14/05/2019. Mr. Deepak Agrawal has been managing the fund since 14/05/2019. 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. Alpha is difference of scheme return with benchmark return.

Kotak Floating RateFund - Growth

NIFTY Ultra ShortDuration Debt Index

ALPHA

55

Kotak Debt Hybrid Fund - Growth

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.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. Alpha is difference of scheme return with benchmark return.

Kotak Debt HybridFund - Growth

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

Since Inception 7.43% 8.32% -0.89% 6.05% 32,631 37,407 26,355

Last 1 Year 4.25% 8.66% -4.41% 13.02% 10,425 10,866 11,302

Last 3 Years 4.55% 7.71% -3.17% 7.38% 11,425 12,494 12,378

Last 5 Years 6.88% 8.65% -1.77% 8.29% 13,953 15,149 14,901

CRISIL 10 Year Gilt##CRISIL Hybrid 85 +

15 - Conservative Index#Kotak Debt Hybrid

Fund - GrowthALPHA

Scheme Inception date is 09/08/2004. Mr. Devender Singhal & Mr. Arjun Khanna has been managing the fund since 09/05/2019.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).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. Alpha is difference of scheme return with benchmark return.

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 14.27% 11.16% 3.11% 13.51% 82,448 53,260 74,176

Last 1 Year 0.91% -2.44% 3.35% -17.36% 10,091 9,756 8,264

Last 3 Years 3.84% 5.57% -1.73% 2.64% 11,194 11,763 10,813

Last 5 Years 6.82% 6.87% -0.05% 4.48% 13,914 13,949 12,451

ALPHA

Scheme Inception date is 26/09/2007. Mr. Arjun Khanna has been managing the fund since 09/05/2019.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). Alpha is difference of scheme return with benchmark return.

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 3.63% 3.25% 0.38% 6.61% 15,720 14,996 22,521

Last 1 Year 4.82% 1.25% 3.57% -18.57% 10,482 10,125 8,143

Last 3 Years 4.37% 2.73% 1.64% 1.23% 11,368 10,842 10,372

Last 5 Years 0.00% 1.91% -1.91% 3.93% 10,001 10,994 12,126

ALPHA

Kotak Overnight Fund - Growth

Kotak OvernightFund - Growth

NIFTY 1D RateIndex

CRISIL 1 YearTBill

CRISIL 1 YearTBill

Since Inception 5.06% 5.16% -0.10% 8.05% 10,699 10,713 11,119

Last 1 Year 4.62% 4.71% -0.10% 8.01% 10,462 10,471 10,801

Scheme Inception date is 15/01/2019. Mr. Deepak Agrawal has been managing the fund since 15/01/2019. 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. Alpha is difference of scheme return with benchmark return.

Kotak OvernightFund - Growth

NIFTY 1D RateIndex

ALPHA


Kotak Gilt Fund - PF and Trust - Growth

Kotak Gilt Fund - PF andTrust - Growth CRISIL 10 Year Gilt## CRISIL 10 Year Gilt##

Kotak Gilt Fund - PF andTrust - Growth

Since Inception 7.84% 6.27% 1.57% 5.98% 34,885 27,378 26,171

Last 1 Year 14.84% 13.80% 1.04% 13.02% 11,484 11,380 11,302

Last 3 Years 8.62% 8.95% -0.33% 7.38% 12,813 12,929 12,378

Last 5 Years 9.08% 9.00% 0.08% 8.29% 15,451 15,395 14,901

NIFTY All DurationG-Sec Index#

NIFTY All DurationG-Sec Index#ALPHA


Kotak Gilt Fund - GrowthKotak Gilt Fund

- GrowthNIFTY All Duration

G-Sec Index# CRISIL 10 Year Gilt## CRISIL 10 Year Gilt##Kotak Gilt Fund

- GrowthNIFTY All Duration

G-Sec Index#Since Inception 9.77% NA NA NA 73,756 NA NA

Last 1 Year 14.84% 13.80% 1.04% 13.02% 11,484 11,380 11,302

Last 3 Years 8.62% 8.95% -0.33% 7.38% 12,813 12,929 12,378

Last 5 Years 9.06% 9.00% 0.05% 8.29% 15,433 15,395 14,901

ALPHA

56

Scheme Inception date is 27/07/2007. Mr. Abhishek Bisen has been managing the fund since 15/04/2008. & Mr. Satish Dondapati has been managing the fund since 09/05/2019.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). Alpha is difference of scheme return with benchmark return.

Kotak Gold ETF

Kotak Gold ETF Price of Gold# CRISIL 10 Year Gilt## Price of Gold# CRISIL 10 Year Gilt##

Since Inception 12.81% 13.97% -1.16% 7.22% 47,033 53,662 24,494

Last 1 Year 46.31% 47.46% -1.15% 13.02% 14,631 14,746 11,302

Last 3 Years 16.28% 17.34% -1.06% 7.38% 15,715 16,148 12,378

Last 5 Years 10.53% 11.63% -1.10% 8.29% 16,506 17,345 14,901

Kotak Gold ETFALPHA

Scheme Inception date is 02/02/2010. Mr. Devender Singhal & Mr. Satish Dondapati has been managing the fund since 09/05/2019.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). Alpha is difference of scheme return with benchmark return.

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 6.78% 8.18% -1.40% 8.50% 19,682 22,515 23,210

Last 1 Year -18.89% -18.57% -0.32% -17.36% 8,111 8,143 8,264

Last 3 Years 1.00% 1.23% -0.23% 2.64% 10,303 10,372 10,813

Last 5 Years 3.27% 3.93% -0.65% 4.48% 11,750 12,126 12,451

ALPHA


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 6.64% 7.81% -1.17% 7.55% 21,615 24,630 23,932

Last 1 Year -17.60% -17.36% -0.23% -18.57% 8,240 8,264 8,143

Last 3 Years 2.37% 2.64% -0.27% 1.23% 10,728 10,813 10,372

Last 5 Years 3.66% 4.48% -0.81% 3.93% 11,974 12,451 12,126

ALPHA


Kotak Banking ETF

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

Since Inception 1.01% 1.42% -0.41% 3.82% 10,564 10,802 12,279

Last 1 Year -39.11% -38.22% -0.89% -18.57% 6,089 6,178 8,143

Last 3 Years -6.40% -5.83% -0.57% 1.23% 8,202 8,352 10,372

Last 5 Years 0.81% 1.24% -0.43% 3.93% 10,410 10,635 12,126

ALPHA


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 -7.37% -5.93% -1.43% 5.47% 3,824 4,638 19,515

Last 1 Year -65.39% -65.21% -0.18% -18.57% 3,461 3,479 8,143

Last 3 Years -31.92% -31.50% -0.42% 1.23% 3,159 3,218 10,372

Last 5 Years -20.76% -19.99% -0.77% 3.93% 3,119 3,274 12,126

ALPHA

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. Harish Krishnan has been managing the fund since 09/05/2019. Mr. Abhishek Bisen has been managing the fund since 17/09/2014. Mr. Hiten Shah has been managing the fund since 03/10/2019.Kotak Balanced Advantage Fund - Growth, *Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 50:50 Index . Scheme Inception date is 03/08/2018. Mr. Abhishek Bisen & Mr. Harish Krishnan has been managing the fund since 03/08/2018. Mr. Hiten Shah has been managing the fund since 03/10/2019.Kotak India Growth Fund Series 5- Growth, *Name of the Benchmark - Nifty 200 TRI, Scheme Inception date is 15/05/2018. Mr. Harish Krishnan has been managing the fund since 15/05/2018.Kotak Bluechip Fund - Growth, *Name of the Benchmark - Nifty 50 TRI, Scheme Inception date is 04/02/2003. 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 Small Cap Fund - Growth

Kotak Equity Hybrid Fund - Growth

Kotak Emerging Equity Fund - Growth

1 YEAR 3 YEAR 5 YEAR Since Inception

SchemeReturns(%)^

BenchmarkReturns (%)^*

SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


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 (Sep 9, �04), Kotak Standard Multicap Fund (Sep 11, �09), Kotak Tax Saver Fund (Nov. 23,'05).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 7 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 (Feb 04, �03), Kotak Infrastructure & Economic Reform Fund (Feb 25, '08), Kotak India Growth Fund Series 5 (May15,�18), Kotak Balanced Advantage Fund (Aug. 03,�18), Kotak Equity Savings Fund (Oct. 13' 14), Kotak Focused Equity fund (Jul 16, '19), Kotak Pioneer Fund (Oct 31, '19).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 (Feb. 24,�05), Kotak Emerging Equity Fund (Mar 30,'07), Kotak Equity Hybrid Fund (Nov. 25,'99)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 Equity Opportunities Fund - Growth

Kotak Standard Multicap Fund - Growth

Kotak Tax Saver Fund - Growth


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


Kotak Equity Opportunities Fund - Growth, *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 Tax Saver Fund - 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 Standard Multicap Fund - Growth, *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 Equity Hybrid Fund - Growth, *Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 65:35 Index, Scheme Inception date is 25/11/1999 and Kotak Equity Hybrid Fund - Regular plan scheme inception date is 3rd November 2014. 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 Fund - 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, *Name of the Benchmark - NIFTY Smallcap 100 TRI, Scheme Inception date is 24/02/2005. Mr. Pankaj Tibrewal has been managing the fund since 21/01/2010.

Scheme Names


Kotak Infrastructure and EconomicReform Fund - Growth


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


-13.82 -7.22 -1.50 4.42 3.43 6.11 4.05 6.07

-16.76 -25.18 -3.25 -7.89 4.79 1.28 9.39 9.32

-21.62 -37.97 -7.77 -16.80 1.92 -5.34 12.05 8.28

57


-1.23 -0.57 4.47 4.64 5.80 5.45 6.42 5.94

-4.97 -2.44 NA NA NA NA 0.65 2.66

-15.28 -18.60 NA NA NA NA -9.11 -6.17

-15.50 -18.57 -0.55 1.23 3.18 3.93 17.71 15.17

-29.01 -25.81 -9.18 -9.23 -0.33 -3.81 3.39 -1.99

-13.81 -18.60 -0.51 -0.10 5.18 3.78 16.21 13.01

-17.12 -19.17 -1.18 -0.93 3.99 3.62 9.61 10.27

-18.53 -18.60 -0.65 -0.10 5.51 3.78 10.79 7.97


Scheme Names

Kotak Gold ETF

Kotak Gold Fund - Growth

Kotak Gilt Fund - Growth


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


Top 3

Bottom 3

Name: Mr. Abhishek BisenMr. Abhishek Bisen manages 9 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 Fund (Nov. 05, 2014), Kotak Debt Hybrid Fund (Dec. 02, �03), Kotak Bond Fund (Regular Plan) (Apr. 15, �08), Kotak Gilt Fund (Regular & PF-Trust) (Dec. 29, �98), Kotak Equity Savings Fund (Oct. 13, '14), Kotak Gold ETF (Jul. 27, �07), Kotak Gold Fund (Mar. 25, '11), Kotak Balanced Advantage Fund (Aug. 03' 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, 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).

46.31 47.46 16.28 17.34 10.53 11.63 12.81 13.97

46.16 47.46 16.86 17.34 10.47 11.63 7.53 9.20

14.84 13.80 8.62 8.95 9.06 9.00 9.77 NA

-1.23 -0.57 4.47 4.64 5.80 5.45 6.42 5.94

-4.97 -2.44 NA NA NA NA 0.65 2.66

-13.82 -7.22 -1.50 4.42 3.43 6.11 4.05 6.07Kotak Equity Hybrid - Growth



Kotak Bluechip Fund - Growth

Since Kotak Focused Equity Fund and Kotak Pioneer Fund has not yet completed 1 year from Inception,the performance of the scheme is not disclosed.

Kotak Focused Equity Fund andKotak Pioneer Fund

Name: Mr. Deepak AgrawalMr. Deepak Agrawal manages 12 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 Fund (May. 02, �02), Kotak Dynamic Bond Fund (May. 26, �08), Kotak Money Market Fund (Nov. 25, �07), Kotak Liquid Fund (Nov. 04, �03), Kotak Banking and PSU Debt Fund (Dec. 29, �98), 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 (Sep. 21, �07), Kotak Overnight Fund (Jan. 15, 19) All Fixed Maturity Plans in existence (Aug. 13,'15), Kotak Floating Fund (May. 14, 2019).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 Bond Short Term Fund - Growth

Kotak Dynamic Bond Fund - Growth


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


Kotak Overnight Fund - Growth

Kotak Liquid Fund - Growth

Kotak Medium Term Fund - Growth

Top 3

Bottom 3

Kotak Banking and PSU Debt Fund - Growth

Kotak Dynamic Bond Fund - Growth, *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 Banking and PSU Debt Fund - Growth, *Name of the Benchmark - CRISIL Banking and PSU Debt Index, Scheme Inception date is 29/12/1998. Mr. Deepak Agrawal has been managing the fund since 01/08/2008.Kotak Bond Short Term Fund - 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 Liquid Fund - Growth, *Name of the Benchmark - NIFTY Liquid Index, Scheme Inception date is 04/11/2003. Mr. Deepak Agrawal has been managing the fund since 01/05/2007.Kotak Overnight Fund - Growth, *Name of the Benchmark - NIFTY 1D Rate Index, Scheme Inception date is 15/01/2019. Mr. Deepak Agrawal has been managing the fund since 15/01/2019.Kotak Medium Term Fund - 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 Fund - Growth, *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.Kotak Asset Allocator Fund - Growth, *Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 50:50 Index, Scheme Inception date is 09/08/2004. Mr. Devender Singhal & Mr. Arjun Khanna has been managing the fund since 09/05/2019.Kotak India Growth Fund - Series 4 - Growth, *Name of the Benchmark - Nifty 200 TRI, Scheme Inception date is 14/02/2018. Mr. Devender Singhal has been managing the fund since 24/01/2019.Kotak Nifty ETF, *Name of the Benchmark - Nifty 50 TRI, Scheme Inception date is 02/02/2010. Mr. Devender Singhal & Mr. Satish Dondapati has been managing the fund since 09/05/2019.Kotak Banking ETF, *Name of the Benchmark - Nifty Bank TRI, Scheme Inception date is 10/12/2014. Mr. Devender Singhal & Mr. Satish Dondapati has been managing the fund since 09/05/2019.Kotak PSU Bank ETF - *Name of the Benchmark Nifty PSU Bank TRI, Scheme Inception date is 08/11/2007. Mr. Devender Singhal & Mr. Satish Dondapati has been managing the fund since 09/05/2019.

Name: Mr. Devender SinghalMr. Devender Singhal manages 8 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 Fund - Growth (Dec. 02, �03), Kotak India Growth Fund Series-4 (Feb. 14, '18), Kotak NV20 ETF (Dec. 01, '15), Kotak Banking ETF (Dec. 10, '14), Kotak Sensex ETF (Jun. 06, '08), Kotak Asset Allocator Fund (Aug,. 09, '04), Kotak PSU Bank ETF (Nov. 08, 07), Kotak Nifty ETF (Feb. 02, '10)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.

11.09 12.86 8.94 8.50 9.43 8.76 8.79 8.65

10.91 10.57 8.57 8.57 8.66 8.76 7.57 NA

9.81 9.77 7.74 8.03 7.99 8.18 7.79 7.98

5.63 5.64 6.63 6.59 6.99 6.89 7.33 7.35

4.62 4.71 NA NA NA NA 5.06 5.16

4.22 12.03 5.63 8.39 7.23 8.64 8.05 9.24

Scheme Names

Kotak Debt Hybrid Fund - Growth

Kotak Nifty ETF


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


Kotak India Growth Fund -Series 4 - Growth

Kotak PSU Bank ETF

Top 3

Bottom 3

Kotak Asset Allocator Fund - Growth 4.25 8.66 4.55 7.71 6.88 8.65 7.43 8.32

0.91 -2.44 3.84 5.57 6.82 6.87 14.27 11.16

-7.92 -18.60 NA NA NA NA -5.78 -4.20

-18.89 -18.57 1.00 1.23 3.27 3.93 6.78 8.18

-39.11 -38.22 -6.40 -5.83 0.81 1.24 1.01 1.42

-65.39 -65.21 -31.92 -31.50 -20.76 -19.99 -7.37 -5.93

58

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 15/04/2008. & Mr. Satish Dondapati has been managing the fund since 09/05/2019.

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 Gilt Fund - 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. Harish Krishnan has been managing the fund since 09/05/2019. Mr. Abhishek Bisen has been managing the fund since 17/09/2014. Mr. Hiten Shah has been managing the fund since 03/10/2019.

Kotak Balanced Advantage Fund - Growth, *Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 50:50 Index . Scheme Inception date is 03/08/2018. Mr. Abhishek Bisen & Mr. Harish Krishnan has been managing the fund since 03/08/2018. Mr. Hiten Shah has been managing the fund since 03/10/2019.

Kotak Equity Hybrid Fund - Growth, *Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 65:35 Index, Scheme Inception date is 25/11/1999 and Kotak Equity Hybrid Fund - Regular plan scheme inception date is 3rd November 2014. Mr. Pankaj Tibrewal has been managing the fund since 25/08/2015. Mr. Abhishek Bisen has been managing the fund since 15/04/2008.

55

Kotak India Growth Fund - Series 7 - Growth, *Name of the Benchmark - Nifty 50 TRI, Scheme Inception date is 31/08/2018. Ms. Shibani Kurian has been managing the fund since 09/05/2019.Kotak India EQ Contra Fund - Growth, *Name of the Benchmark - Nifty 100 TRI, Scheme Inception date is 27/07/2005. Ms. Shibani Kurian has been managing the fund since 09/05/2019.

Name: Ms. Shibani KurianMs. Shibhani Kurian 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 India EQ Contra Fund - Growth (July. 27, '05), Kotak India Growth Fund Series 7 (Aug. 31, 18), Kotak Focused Equity fund (Jul 16, '19).Business ExperienceMs. Shibani Sircar Kurian has a total experience of 19 years in the Indian equity markets of which almost more than 11 years have been with Kotak Mahindra Asset Management Company Limited. Her primary responsibilities include equity fund management and heading the equity research team.Prior to joining Kotak Mahindra Asset Management Company Limited, she worked for almost 6 years with UTI Asset Management Company Limited. and for 1 and half years with Dawnay Day AV Financial Services.She holds a PGDM (with a specialization in Finance) from T.A. Pai Management Institute, Manipal and a BSc (Hons) in Economics from St. Xavier�s College, Kolkata.

Scheme Names

Kotak India EQ Contra Fund - Growth


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


Kotak India Growth Fund Series 7 - Growth -4.28 -18.57 NA NA NA NA 0.16 -9.73

-18.53 -17.78 1.04 0.82 4.08 4.18 10.46 11.67

Kotak Banking ETF

Since Kotak Focused Equity Fund has not yet completed 1 year from Inception,the performance of the scheme is not disclosed.

Kotak Focused Equity Fund

59

Name: Mr. Satish DondapatiMr. Satish Dondapati manages 6 funds Different plans shall have a different expense structure. The performance details provided herein are of regular plan.Kotak NV20 ETF (Dec. 1, '15), Kotak Banking ETF (Dec. 10, '14), Kotak Sensex ETF (Jun. 06, '08), Kotak Nifty ETF (Feb. 02, '10), Kotak PSU Bank ETF (Nov. 08, '07), Kotak Gold ETF (Jul. 27, '07).Business ExperienceMr. Satish Dondapati has been associated with the company since March 2008. He has over 15 years of experience in MF Product Development and Sales. Prior to joining Kotak Asset Management Company Limited, he was the part of MF Product Team of Centurion Bank Of Punjab.

Scheme Names

Kotak NV20 ETF

Kotak Gold ETF


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


Kotak PSU Bank ETF

Kotak Nifty ETF

Kotak Sensex ETF

Kotak Banking ETF

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 15/04/2008. & Mr. Satish Dondapati has been managing the fund since 09/05/2019.Kotak NV20 ETF - *Name of the Benchmark Nifty 50 Value 20 TRI, Scheme Inception date is 01/12/2015. Mr. Devender Singhal & Mr. Satish Dondapati has been managing the fund since 09/05/2019.Kotak Sensex ETF, *Name of the Benchmark - S&P BSE SENSEX TRI, Scheme Inception date is 06/06/2008. Mr. Devender Singhal & Mr. Satish Dondapati has been managing the fund since 09/05/2019.Kotak Nifty ETF, *Name of the Benchmark - Nifty 50 TRI, Scheme Inception date is 02/02/2010. Mr. Devender Singhal & Mr. Satish Dondapati has been managing the fund since 09/05/2019.Kotak Banking ETF, *Name of the Benchmark - Nifty Bank TRI, Scheme Inception date is 10/12/2014. Mr. Devender Singhal & Mr. Satish Dondapati has been managing the fund since 09/05/2019.Kotak PSU Bank ETF, *Name of the Benchmark - Nifty PSU Bank TRI, Scheme Inception date is 08/11/2007. Mr. Devender Singhal & Mr. Satish Dondapati has been managing the fund since 09/05/2019.

46.31 47.46 16.28 17.34 10.53 11.63 12.81 13.97

-13.61 -11.06 6.14 7.40 NA NA 9.22 8.89

-17.60 -17.36 2.37 2.64 3.66 4.48 6.64 7.81

-18.89 -18.57 1.00 1.23 3.27 3.93 6.78 8.18

-39.11 -38.22 -6.40 -5.83 0.81 1.24 1.01 1.42

-65.39 -65.21 -31.92 -31.50 -20.76 -19.99 -7.37 -5.93

Name: Mr. Hiten ShahMr. Hiten Shah manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure. The performance details provided herein are of regular plan.Kotak Balanced Advantage Fund (Aug. 03, �18), Kotak Equity Savings Fund (Oct. 13, �2014), Kotak Equity Arbitrage Fund (Sep. 29, �05)Business ExperienceMr. Hiten Shah, is a MMS in Finance with over 11 years of work experience. Prior to joining Kotak Mahindra Mutual fund, he was associated with Edelweiss Asset Management for more than 8 years as a Co-Fund manager and Chief dealer in equities segment. Mr Hiten Shah was also associated with Edelweiss securities Ltd. as low risk arbitrage trader for more than 3 years.

Scheme Names



SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


Kotak Equity Arbitrage Fund - Growth


Kotak Equity Arbitrage Fund - Growth, *Name of the Benchmark - Nifty 50 Arbitrage Index, Scheme Inception date is 29/09/2005. Mr. Hiten Shah has been managing the fund since 03/10/2019.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. Harish Krishnan has been managing the fund since 09/05/2019. Mr. Abhishek Bisen has been managing the fund since 17/09/2014. Mr. Hiten Shah has been managing the fund since 03/10/2019. Kotak Balanced Advantage Fund - Growth, *Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 50:50 Index . Scheme Inception date is 03/08/2018. Mr. Abhishek Bisen & Mr. Harish Krishnan has been managing the fund since 03/08/2018. Mr. Hiten Shah has been managing the fund since 03/10/2019.

6.18 5.04 6.35 5.26 6.37 5.53 7.38 NA

-1.23 -0.57 4.47 4.64 5.80 5.45 6.42 5.94

-4.97 -2.44 NA NA NA NA 0.65 2.66

Name: Mr. Arjun KhannaMr. Arjun Khanna manages 2 funds Different plans shall have a different expense structure. The performance details provided herein are of regular plan.Kotak Asset Allocator Fund - Growth (Aug. 09, �04), Kotak Global Emerging Market Fund - Growth (Sep. 26, '07), Kotak Pioneer Fund (Oct 31, '19).Business ExperienceMr. Arjun Khanna has over 10 years of experience in banking and financial companies. Prior to joining Kotak Asset Management Company Limited, he worked in equity research in Principal PNB AMC. He has also worked at Citigroup NA in his earlier stint. He is a Bachelor of Engineering (Electronics) from Mumbai University and a post Graduate in Masters of Management Studies (Finance) from Jamnalal Bajaj Institute of Management Studies. He is a holder of the right to use the Chartered Financial Analyst® designation and is a Financial Risk Manager - Certified by the Global Association of Risk Professionals.

Scheme Names

Kotak Global Emerging Market Fund - Growth

Kotak Asset Allocator Fund - Growth


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


Kotak Global Emerging Market Fund - Growth, *Name of the Benchmark - MSCI Emerging Market index, Scheme Inception date is 26/09/2007. Mr. Arjun Khanna has been managing the fund since 09/05/2019.Kotak Asset Allocator Fund - Growth, *Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 50:50 Index, Scheme Inception date is 09/08/2004. Mr. Devender Singhal & Mr. Arjun Khanna has been managing the fund since 09/05/2019.

4.82 1.25 4.37 2.73 0.00 1.91 3.63 3.25

0.91 -2.44 3.84 5.57 6.82 6.87 14.27 11.16

Since Kotak Pioneer Fund has not yet completed 1 year from Inception,the performance of the scheme is not disclosed.Kotak Pioneer Fund Fund

DIVIDEND HISTORY

Equity Schemes

Record Date Cum Dividend NAV `/UnitMay-26-20 10.7468 0.0541Apr-27-20 10.7151 0.0275Mar-23-20 10.7522 0.0737Feb-24-20 10.7462 0.0416Jan-27-20 10.7453 0.0412Dec-23-19 10.7264 0.0338

Kotak Equity Arbitrage Fund - Monthly Dividend Option

60

Jun-01-20 23.0876 0.0577May-18-20 23.074 0.0441May-04-20 23.0991 0.0692Apr-20-20 23.1128 0.0829Apr-07-20 23.0299 0.01Mar-23-20 23.1034 0.0593

Kotak Equity Arbitrage Fund - Fortnightly Dividend Option

Record Date Cum Dividend NAV `/Unit

Kotak Equity Arbitrage Fund - Bimonthly Dividend

May-26-20 20.1008 0.152Mar-23-20 20.1478 0.2157Jan-27-20 20.1184 0.1401Nov-25-19 20.1331 0.1647Sep-23-19 20.1243 0.1643Jul-22-19 20.1521 0.1991


Dec-23-19 37.059 2.5606Dec-27-18 32.943 0.8677Mar-23-18 35.3566 3.604Dec-28-17 39.2181 1.52Jun-28-17 39.0457 1.5Mar-23-17 35.3566 3.604

Kotak Bluechip Fund - Dividend


Kotak India EQ Contra Fund

Jul-25-19 20.628 1.8797Mar-23-18 23.714 4.778Jul-28-17 23.4326 0.7Jul-15-16 19.6923 0.5Nov-20-15 18.54 0.5Jul-25-14 18.227 1


May-26-20 19.263 0.387Feb-26-20 25.006 0.4533Nov-26-19 24.65 0.4498Aug-23-19 22.548 0.4011May-27-19 25.209 0.4249Feb-26-19 23.43 0.6259

Kotak Equity Opportunities Fund



Feb-27-20 38.797 2.8244Feb-20-19 33.152 0.8942Feb-28-18 45.3733 1.265Feb-27-17 36.4033 1.45Feb-23-16 26.77 1Feb-27-15 30.866 1


Kotak Asset Allocator Fund

Aug-30-10 37.774 Individual/ HUF: 0.8784 Others: 0.8186


Kotak Emerging Equity Fund

May-20-20 17.646 0.536May-24-19 23.623 1.6123Mar-23-18 26.1532 2.674May-26-17 26.01 1.59May-27-16 21.1956 1.3Apr-28-15 21.499 2.1




Sep-24-19 24.035 1.2024

Sep-24-18 23.504 1.3281Sep-27-17 23.5921 1.5Sep-30-16 21.3488 1.25Oct-12-15 19.739 1.00Sep-26-14 17.791 1.00


Kotak Equity Saving Fund - Monthly Dividend Option

May-12-20 10.5888 0.0786Mar-12-20 10.6721 0.037Feb-12-20 11.6096 0.0386Jan-13-20 11.5748 0.0486Dec-12-19 11.4998 0.0428Nov-13-19 11.5041 0.044


Kotak Equity Saving Fund - Quarterly Dividend

Dec-20-19 11.3744 0.0329Sep-20-19 11.0934 0.1354Jun-20-19 11.2538 0.1576Mar-20-19 11.2372 0.1553Dec-20-18 11.1696 0.1341Sep-21-18 11.3014 0.1739


Kotak Infrastructure and Economic Reform Fund

Feb-21-19 16.252 0.4356

Feb-28-18 20.5821 0.625

Feb-23-17 17.5644 0.5

Jun-23-15 15.2601 0.5


Hybrid Schemes

Dec-26-19 15.994 0.139Sep-25-19 15.339 0.1301Jun-25-19 15.572 0.1398Mar-25-19 14.86 0.0858Feb-25-19 14.326 0.1053Jan-25-19 14.459 0.108


Kotak Tax Saver Fund

Mar-26-20 13.818 0.2878Dec-24-19 19.111 0.3346Sep-26-19 18.653 0.3108Jun-26-19 19.498 0.3488Mar-28-19 19.033 0.3276Dec-24-18 18.125 0.3276


Kotak Bond Short Term Fund - 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


61

Kotak PSU Bank ETF

Mar-10-17 334.3964 0.2Feb-21-13 358.8668 19.00

ETF Schemes


Kotak Nifty ETF

Mar-10-17 904.9522 10.00May-06-16 785.7880 11.00May-06-13 613.1266 11.00


Record Date Cum Dividend NAV `/UnitMay-12-20 11.1047 Individual/ HUF: 0.065 Others: 0.065Apr-13-20 10.9892 Individual/ HUF: 0.0736 Others: 0.0736Mar-12-20 11.269 Individual/ HUF: 0.0545 Others: 0.0504

Kotak Debt Hybrid Fund - Monthly Dividend

Kotak Debt Hybrid Fund - Quarterly Dividend

Mar-20-20 12.4907 Individual/ HUF: 0.1857 Others: 0.172Dec-20-19 13.5893 Individual/ HUF: 0.1823 Others: 0.1688Sep-20-19 13.3629 Individual/ HUF: 0.197 Others: 0.1824


Kotak Bond Fund 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


Kotak Bond Short Term Fund - Monthly Dividend

May-12-20 10.2466 Individual/ HUF: 0.0719 Others: 0.0719Apr-13-20 10.0563 Individual/ HUF: 0.0044 Others: 0.0044Mar-12-20 10.0887 Individual/ HUF: 0.0079 Others: 0.0074


Kotak Bond Fund Regular Plan - Quarterly Dividend Option

Dec-20-19 12.139 Individual/ HUF: 0.3879 Others: 0.3592Sep-20-17 10.8936 Individual/ HUF: 0.1192 Others: 0.1104Jun-20-17 11.1699 Individual/ HUF: 0.1876 Others: 0.1738


Debt Schemes

Kotak SENSEX ETF

Mar-11-17 297.6072 7.50Mar-10-17 297.6072 7.50Jun-18-13 201.3164 7.00


Kotak Credit Risk Fund - Annual Dividend

Mar-12-20 11.0635 Individual/ HUF: 0.7027 Others: 0.6507Mar-12-19 10.8959 Individual/ HUF: 0.4539 Others: 0.4203Mar-12-18 10.8586 Individual/ HUF: 0.458 Others: 0.4243


Kotak Credit Risk Fund - Monthly Dividend


Apr-13-20 10.1341 Individual/ HUF: 0.0178 Others: 0.0178Mar-12-20 10.1452 Individual/ HUF: 0.0059 Others: 0.0054Feb-12-20 10.4454 Individual/ HUF: 0.1068

Others: 0.0989

Kotak Dynamic Bond Fund - Quarterly Dividend



Kotak Savings Fund - Monthly Dividend



Kotak Dynamic Bond Fund - Monthly Dividend


May-12-20 22.1149 Individual/ HUF: 0.3445 Others: 0.3445Feb-12-20 22.1892 Individual/ HUF: 0.3016

Others: 0.2793Jan-13-20 21.9965 Individual/ HUF: 0.1628 Others: 0.1508

Kotak Credit Risk Fund - Quarterly Dividend



Kotak Medium Term Fund - Annual Dividend

Mar-12-20 11.2021 Individual/ HUF: 0.635 Others: 0.588Mar-12-19 11.1171 Individual/ HUF: 0.4473 Others: 0.4142Mar-12-18 11.0849 Individual/ HUF: 0.4674 Others: 0.433


62

Kotak Gilt Fund PF and Trust Plan - Quarterly Dividend



Kotak Gilt Fund Regular Plan - Quarterly Dividend



Kotak Money Market Fund - Monthly Dividend



Kotak Banking and PSU Debt Fund - Monthly Dividend

May-12-20 10.5991 Individual/ HUF: 0.1798 Others: 0.1798Mar-12-20 10.4276 Individual/ HUF: 0.0059 Others: 0.0055Feb-12-20 10.6162 Individual/ HUF: 0.1169 Others: 0.1082


Debt Schemes

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: 0.884 Others: 0.819Mar-20-15 16.7914 Individual/ HUF: 0.9986 Others: 0.9261


Kotak Corporate Bond Fund - Regular Plan Monthly Dividend

Record Date Cum Dividend NAV `/UnitMay-12-20 1055.5773 Individual/ HUF: 13.4445 Others: 13.4445Apr-13-20 1043.8378 Individual/ HUF: 1.705 Others: 1.705Mar-12-20 1046.288 Individual/ HUF: 2.9932 Others: 2.7718


Kotak Corporate Bond Fund - Regular Quarterly Dividend

Jun-20-17 1070.4266 Individual/ HUF: 15.966 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 Low Duration Fund - Regular Plan Monthly Dividend



Kotak Medium Term Fund - Quarterly Dividend



To know more kindly logon to- https://assetmanagement.kotak.com/dividend-history

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.

Kotak Floating Rate Fund

Apr-13-20 1025.252 Individual/ HUF: 0.4541 Others: 0.4541Mar-12-20 1026.844 Individual/ HUF: 0.3419 Others: 0.3166Feb-12-20 1039.4555 Individual/ HUF: 9.426 Others: 8.7285


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

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 Website:

of Asset Management Company: 2nd Floor, 12-BKC, Plot No C-12, G Block, BKC, Bandra (East),Mumbai - 400 051

Contact DetailsAgra: 0562-4009647 / 9721333365

Ahmedabad: 079-26779888/ 26766077

Ajmer: 0145-2628881

Aligarh: 0571-6453223

Allahabad: 0532-2260072

Ambala: 0171-4003033

Amritsar: 0183-5018777

Anand: 02692-650281

Aurangabad: 0240-6611189 / 90

Bangalore: 080-61874600 / 01 / 02 / 03

Belgaum- 0831-4089172

Bareilly: 0581-2510521

Bhavnagar: 0278-2519544 / 3003130 / 9909973263

Bhilai: 0788-2225385

Bhopal: 0755-6461018

Bhubaneshwar: 8114392770

Bhuj: 02832-221572

Borivali: 8879236208 / 8879236194

Calicut: 495-2701031

Chandigarh: 0172-4671885/ 5049476

Chennai: 044-28221333 / 7823911500

Cochin: 0484-4851170/ 9745005122

Coimbatore: 422-6572165

Cuttack: 91-8114392771/ 9776000093

Dehradun: 135-2742900/ 6453000

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Goa: 0832-6650490

Gwalior: 0751-2347815

Gorakpur: 0551-2204127

Gurgaon: 0124-4165424/26

Guwahati: 0361-2734784

Hubli: 0836-6450140

Hyderabad: 040-23314052 / 53 / 29

Indore: 0731-6453390

Jabalpur: 9713508228

Jaipur: 0141-2373879

Jalandhar: 0181-2233481/ 9988883566

Jalgaon: 0257-2237131/ 32

Jammu: 0191-2470779

Jamnagar: 0288-2555589

Jamshedpur: 0657-2317041/6543474/ 9570000685

Jodhpur: 0291-2630625

Kanpur: 0512-6454641/ 2541017

Kolhapur: 9823705031

Kolkata: 033- 46021037 / 46037141 /4603740

Kottayam: 0481-2577077

Kota: 9983324038

Lucknow: 522-4021168/ 4021169

Ludhiana: 0161-4646602/ 4646604

Mangalore: 0824-6452006

Meerut: 0121-2658105

Mumbai: 022-66056825

Mumbai: (Thane): 022- 25348353 / 54

Muradabad: 0591-6456667

Mysore: 0821-6541192

Nagpur: 0712-2425052/8577

Nashik: 253-6574255

New Delhi: 011-41100860/65

Panipat: 0180-2632062

Patiala: 0175-5015268

Patna: 0612-6451120

Pondicherry: 9962029229

Pune: 020- 29528111

Raipur: 0771-4270917

Rajkot: 0281-6620735

Ranchi: 0651-6454629/ 2332274/

9709001533

Rourkela: 0661-6450114/ 9776640098

Rohtak- 0180-4022062

Saharanpur - 0132-2724757

Salem: 0427- 4960766 / 9843060099

Shimla: 0177-6451211/ 2807911

Silliguri: 0353-2522012

Surat: 0261-4896767/ 4896768

Trichur: 0471-4470134 / 9745002032 / 9072402033

Trichy: 91 - 0431-4972437

Trivandrum: 0471-4470134/ 9745002032

Udaipur: 0294-6451094 / 09918525666

Vadodara: 0265-2334012 / 2354012 / 9909906370

Vapi: 0260-2400587

Varanasi: 0542-2220727

Vijayawada: 0866-2484895 / 7799978587 /9966400068

Vishakapatnam: 0891-2552145 / 9885714419

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AccountStatement

OnlineEmpanelment

Capital GainStatement

Co-Branding DistributorInitiated

Transaction

DistributorDashboard

Pro-start Opportunities

www.kotakmfadvisor.com

IFA Dashboard This will provide an overview of the reports and metrics you care about most.

Account Statement Generate Account statement for your client by simply putting their folio number.

Online Empanelment Empowers our partner to create their own app and website.

Co-branding of Marketing Collaterals Aid your customers with co-branded marketing collaterals like presentations, GIFs, leaflets, videos and much more.

Business Opportunities Helps to Upsell and Cross Sell products to increase your business from your existing investors.

ProStart Helps the distributor to become a pro with our online learning portal for learning anytime, anywhere.

Capital Gain Statement Generate Capital Gain Statement for your client by simply putting their folio number.

Distributor Initiated Transaction (DIT) A step-by-step guide to initiate paperless transactions for your clients.

+91-8048893330 (Mon to Fri : 10:30 AM to 3:30 PM)

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