may 31, 2020 - citi bank · we continue with our recommendation on overweight gold and offshore...

July 31, 2020

FUNDFACT SHEET

A fund that helps you spot the right mix of Large Cap and Mid Cap Stocks, which may give you an opportunity for capital appreciation.

Kotak Equity Opportunities Fund

It finds opportunities for youIt finds opportunities for you

KOTAK EQUITY OPPORTUNITIES FUND(Large & Mid Cap Fund- An open ended equity scheme investing in both large cap and mid cap stocks)

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.

Past performance of the Sponsor/AMC/Fund does not indicate the schemes future performance. Risk Factors on page 63.Mutual fund investments are subject to market risks, read all scheme related documents carefully.

July 31, 2020Expert Speak

Dear Friends,

We are experiencing the perfect storm of medical, financial and real life crisis. The huge liquidity influx by central bankers has helped push up the asset prices. Major countries have announced massive fiscal stimulus to the tune of US $7.4 trillion in response to the COVID-19. The resultant fall in interest rates has seen around 86% of global debt instruments go below the 2% yield mark. This extremely high liquidity and extremely low interest rates around the world has helped markets both on the bond side as well as on the equity side recover from the lows seen in Mar-Apr 2020.

But there is extreme polarization that is happening between the leaders and the rest. Top companies in some sectors such as Technology, Pharma & FMCG have seen more interest from investors while the followers are seeing very limited focus. Top quality companies with little-to-no leverage and working capital efficiency are drawing investor attention. The same trend seems to be true for US equities market. There, the top tech companies seem to be outperforming the broader S&P index 500 significantly. The miracle economy is China from the Virus originated which is showing economic activity levels anywhere between 80-100% of pre-covid levels. And this growth seems to be coming on back of very high debt.

On the Indian economy front, overall expectations of GDP contraction range from -5% to around -10% for FY-21. Earnings of Indian companies has also come down drastically. It is estimated that around 30% of companies in India make RoCE at least 2% higher than cost of debt. In FY10, this number was close to 90%. This shows that the space to service overall debt has declined.

Business resumption seems to be stuck as capital formation remains lukewarm. When your capacity utilization is low you will shy away from investing in additional capital. Fund raising will also be hurt for corporate India as nearly half of the credit ratings across rating agencies have fallen into issuer not cooperating category. If we can improve our ease of doing business on the ground then things can be very different and growth can recover substantially. In this scenario, Rural India may come as a saving grace for the economy. The government support to the rural sector by way of NREGA and PM KISAN scheme is cushioning the impact. Relatively normal monsoon and strong sowing patterns also indicate a possibility of Bharat supporting the GDP.

Having said that, the consumption metrics of urban India is also showing some revival. Power consumption has reached back to same level of demand as seen last year. Mobility trend for workplaces is also showing improvements. But there are companies across various sectors which have been able to improve their working capital cycle by reduction in both inventory days and debtor days.

From Market point of view EPS estimates have seen sharp cuts in the past few months and may also further drop. Going forward markets would be moving like pendulum between optimism & fear based on various factors like valuation levels, US-china relationship, US presidential election results, trends in consumption, trade & supply chain behavior, medical solution progress on covid-19 etc. Current Nifty 50 levels @~11,000 levels is discounting lower gold imports, lower oil prices and lower trade deficit with China, rebound in economic activities, smooth execution of economic package reforms, monetary stimulus, potential higher FPI inflows, medical solution round the corner. If actually situation is better than this, then markets will continue to rise & if it's worse than this then markets would fall.

In this testing time, the investors have to be selectively optimistic, focus on quality companies, and follow asset allocation strategy. From March 2020 onwards we suggested to be overweight equities but now we believe that it is time to be neutral to equity allocation looking at the sharp run up in prices & valuation and the potential crisis ahead.

Lumpsum investors can utilize this time to invest in high quality short duration debt funds and can initiate STP into a BAF or equity Funds. Looking at 2008 experience, we suggest that investors must keep steady on SIP. SIP lessons from 2008 crisis show that those who continued with their SIP, rather than pause it or cancel, generated wealth over long term.

Distributors can add value by suggesting prudent asset allocation to their clients. Prudent asset allocation will be critical in helping ride out this period. Equity overweight investors can consider dynamic asset allocation strategy. A BAF strategy that has low downside risk and higher upside potential provides a good investing option. Conservative investors can consider a debt hybrid strategy where the equity component is 25% or less. This strategy keeps the equity risk limited and allows for debt component to anchor the investment and keeps volatility low and the equity component may deliver when equity markets enter bullish period.

We had been suggesting investors to look at Gold allocation since beginning of March 2020 as we believe it is likely to do well. We are still bullish as central banks continue to cut rates and pump liquidity. Gold ETFs across the world have received significant flows and today Gold ETF inflows are higher than equity ETF flows.

On the debt fund side, we had been suggesting investors not to redeem in good quality credit risk funds as it was opportune time to stay invested. Please go through the performance of our credit risk fund in this factsheet to see how investors who stayed invested have fared. Investors can continue to invest in Credit risk category from a 3 year perspective as the current elevated credit spreads provide attractive opportunity to invest. We believe that it is time to be long on duration. The long term inflation is on downward trajectory. RBI has also adopted a benign and accommodative stance in the market and have more room to cut rates in future. In this scenario, investors can look at dynamic bond funds from a 3 year plus perspective. This is time to take one step on duration as interest rates are soft and likely to come further down.

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 July 2020:

Market Overview

12-month forward Sensex P/E (x)

Nifty (+7.5%) made new highs (breaching 200DMA & 11k for the first time since March fall) in July but more than half of its gains

were contributed by just two stocks.

After a sharp recovery (>+50%) from April lows, activity levels peaked in early-July and were still >15% below pre-Covid levels.

The MPC, unanimously, kept the repo rate unchanged at 4% but retained the 'accommodative' stance.

Headline CPI moderated to 6.1% for June after peaking at 7.2% in April. Core Inflation at 5.1% was still elevated in June

suggesting that despite the subdued demand, the supply disruption led CPI to spike

After almost 18 years, India reported a trade surplus of $0.8bn in June driven by broad-based export rebound and still weak import demand. Oil imports were suppressed by low oil, but non-oil trade improved sharply

Centre's fiscal deficit during 1Q of this fiscal stood at ~83% of Budget Estimate. Reports suggested that actual fiscal deficit for FY21 could be as high as 7.6%, almost 2x budget

Source: Axis Capital Internal Estimates

STP/Short Term

STP/Long Term

NIFTY P/B (x) - 1 Year Forward

Source: Motilal Oswal

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

At 2.4x, the Nifty 12-month forward P/B is also well below the historicalaverage of 2.7x

2.4

1.5

2.3

3.0

3.8

4.5

Jun-

05

Jun-

06

Jun-

07

Jun-

08

Jun-

09

Jun-

10

Jun-

11

Jun-

12

Jun-

13

Jun-

14

Jun-

15

Jun-

16

Jun-

17

Jun-

18

Jun-

19

Jun-

20

Average: 2.7x

Market Cap-to-GDP Ratio �Marginally Above Long Term Average

Source: Motilal Oswal

OW Equities =Ratio Below Historical Lows Neutral Equities = Ratio at Historical Average

42

52

82 83

103

55

9588

7164 66

8169

7983

79

56

71

FY04

FY05

FY06

FY07

FY08

FY09

FY10

FY11

FY12

FY13

FY14

FY15

FY16

FY17

FY18

FY19

FY20

FY21

E

Average of 73% for the

Lowestsince the

GFC

No. of tradedcompanies

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

Mar�20

GFC: Peak of 149% in

10000

14000

18000

22000

26000

30000

34000

38000

42000

Fair Value Plus 17x 20x

Fair 13x 17x

Attractive 10x 13x

Cheap 8x 10x

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

Oct

-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

Mar

-20

Apr

-20

May

-20

Jun-

20

Jul-2

0

Stretched 20x 24x

Market cap-to-GDP ratio: Market rebound brings ratio above long term average

2

Due to Covid-19 lockdown , near term momentum is down though medium term outlook continues to be encouraging

Due to Covid-19 lockdown , near term momentum is down though medium term outlook continues to be encouraging

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

Recent Trend In Super-high-frequency Indicators

Bharat Leads Recovery And Outperforms India

Source: *vs Jan-Feb levels. **Inverted. Govt. of India, CMIE, Jefferies

Source: Spark Capital Research

Summary of high-frequency indicators vs. pre-COVID levels

Daily Avg. Tractor Registration has jumped sharply on Jul�20(stood at 65% higher vs. the FY20 level) Jul-20 industry fertilizer volume growth of 23% YoY

43

Items Jul-20 Jun-20 1 Month Change Jul-19 1 yr Change

Reverse repo 3.35% 3.35% NIL 5.50% -215 bps

Repo 4.00% 4.00% NIL 5.75% -175 bps

CRR 3.00% 3.00% Nil 4.00% -100 bps

SLR 18.00% 18.00% Nil 18.75% -75 bps

Mibor Overnight 3.86% 3.89% -3 bps 5.75% -189 bps

Call ON 3.48% 3.65% -17 bps 5.55% -207 bps

CBLO 3.10% 2.00% 110 bps 5.73% -263 bps

1 yr TBILL 3.46% 3.45% 1 bps 5.93% -247 bps

10 Gsec 5.78% 5.89% -11 bps 6.37% -59 bps

5 Year AAA 5.50% 5.67% -17 bps 7.37% -187 bps

USD/INR `74.77 `75.53 0.76 paise `68.86 -5.91 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

Yield Curve Must Flatten To Boost Lending & Growth

Remarks

Elevated Headline CPI is expected to fall in Q3 FY 21 below 4% and will open more space for easing as RBI will remain accommodative till growth revives

INR performed quite well in the near term thanks to deal like RIL Jio stake sale etc. However, going ahead it will depend on the relative economic growth. We believe in absence of any geo political event, INR is expected to be stable and shall appreciate as economic growth stabilizes.

Credit growth is expected to remain muted despite unlocking activity resumes in phases. 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. .

Upto 7 yr Gilt curve is responding well to rates cuts and liquidity. Yield Curve 7 yr and above is adjusting to new demand supply equation. However as the RBI refrained from cutting rates, the profit booking in short term curve took rates higher and it impacted long end as well as the supply continues to be in the long end. Market awaits OMO or other similar measures while absorbing huge supply without much impact.

RBI remains committed and is taking all possible steps, but pauses this time.

Nothing major happened on incremental basis however, stance from FED and other major central banks remain aggressive 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 is an unprecedented phenomena. This will lead to demand for relatively safer assets hence spreads compression is likely to happen

Too many moving parts are making it difficult for any one to take a call outside their 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

Sovereign Curve Steepest Since 2010Source: CMIE, Edelweiss Research. Note: India Yield curve represents India 10y Gilt minus 3m Gilt

Source: Bloomberg, RBI

� Since June 2019, India�s yield curve has steepened despite sharp deceleration in credit growth. Covid-19 has widened this divergence� Normally steep curve means growth in economy however as we are in contraction zone its matter of time the curve will flatten as the economy is unlikely to gallop as discounted by the curve.

Extreme Divergence Between Credit Growth & India Yield Curve

� The Yield Curve is one of the steepest in recent history. We believe the term premia is quite high and expect the curve to flatten over the year� Abundant liquidity anchored the short-term G-Sec yields closer to the policy repo rate� Long-term rates have not fallen commensurately with T-Bill yields due to additional borrowing by the government necessitated by COVID-19� Central & State Government can increase borrowings in the long tenor of the curve, this should help reduce gross borrowing in the coming years. This will help bring long-term yields down and provide opportunity to private sector to borrow at favourable rates when the demand picks up

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: 1.65%; Direct: 0.73%

17.42%

0.96

0.03

20.74%

Portfolio Turnover

$Beta

$Sharpe##

$Standard Deviation

Term Deposit as provided above is towards margin for derivatives transactions Equity Derivative Exposuer is 1.58%

Equity & Equity relatedReliance Industries Ltd. Petroleum Products 9.50HDFC Bank Ltd. Banks 5.15ICICI Bank Ltd. Banks 5.14Infosys Ltd. Software 4.52Ultratech Cement Ltd. Cement 4.24Tata ConsultancyServices Ltd. Software 4.04Hindustan Unilever Ltd. Consumer Non Durables 3.91Larsen And Toubro Ltd. Construction Project 3.55Axis Bank Ltd Banks 3.00Britannia Industries Ltd. Consumer Non Durables 2.60Petronet LNG Ltd. Gas 2.58SRF Ltd. Industrial Products 2.45Shree Cement Ltd. Cement 2.22Indraprastha Gas Ltd. Gas 2.19The Ramco Cements Ltd Cement 1.97Kotak Mahindra Bank Ltd. Banks 1.93ICICI Lombard GeneralInsurance Company Ltd Finance 1.91AU Small Finance Bank Ltd. Banks 1.82Bharat Electronics Ltd Industrial Capital Goods 1.76Cadila Healthcare Ltd. Pharmaceuticals 1.65JubilantFoodworks Limited Consumer Non Durables 1.64Balkrishna Industries Ltd Auto Ancillaries 1.47Container Corporationof India Ltd. Transportation 1.40Jindal Steel & Power Ltd. Ferrous Metals 1.39Hero MotoCorp Ltd. Auto 1.37Inter Globe Aviation Ltd Transportation 1.27Bharat PetroleumCorporation Ltd. Petroleum Products 1.26Godrej ConsumerProducts Ltd. Consumer Non Durables 1.25State Bank Of India Banks 1.24SBI Life InsuranceCompany Ltd Finance 1.15HDFC Standard LifeInsurance Company Ltd. Finance 1.13Lupin Ltd. Pharmaceuticals 1.07MRF Limited Auto Ancillaries 1.04Mahindra & Mahindra Ltd. Auto 0.99United Breweries Ltd. Consumer Non Durables 0.94

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 July 31, 2020: `21.444 (Dividend Option), `23.356 (Direct Dividend Option), `34.054 (Growth Option), `36.675 (Direct Growth Option)*For Fund Manager experience, please refer page 57-59. ## Risk rate assumed to be 3.86% (FBIL Overnight MIBOR rate as on 31st July 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: `29,099.01 crs

AUM: `29,360.86 crs

Benchmark: Nifty 200 TRI

Allotment date: September 11, 2009

Folio count: 14,79,198

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 July 31, 2020

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

SYSTEMATIC INVESTMENT PLAN (SIP)

HDFC Ltd. Finance 0.85GAIL (India) Ltd. Gas 0.83Bata India Ltd. Consumer Durables 0.81Thermax Ltd. Industrial Capital Goods 0.80Kec International Ltd. Construction Project 0.77Bajaj Finserv Ltd. Finance 0.74Page Industries Ltd Textile Products 0.67AIA Engineering Limited Industrial Products 0.61Max Financial Services Ltd. Finance 0.59RBL Bank Ltd Banks 0.52Bayer Cropscience Ltd. Pesticides 0.49SBI Cards & PaymentServices Pvt. Ltd. Finance 0.47Solar IndustriesIndia Limited Chemicals 0.37Reliance Industries Ltd -Partly Paid Shares Petroleum Products 0.36BEML Ltd Industrial Capital Goods 0.21Whirlpool of India Ltd. Consumer Durables 0.20Arvind Fashion Ltd. Retailing 0.04Arvind Ltd Textile Products 0.02Equity & EquityRelated - Total 94.09Futures CNX NIFTY-AUG2020 1.76Hero MotoCorp Ltd.-AUG2020 -0.18Futures (Market valuerepresents NotionalValue) - Total 1.58Debt Instruments Debentures and Bonds Corporate Debt/Financial Institutions Britannia Industries Ltd. ( ) CRISIL AAA 0.01Corporate Debt/FinancialInstitutions - Total 0.01TERM DEPOSITS HDFC Bank Ltd. 0.19Term Deposits - Total 0.19Triparty Repo 5.60Net Current Assets/(Liabilities) -1.47Grand Total 100.00

Monthly SIP of ) 10000(`

Total amount invested ( )`

Total Value as on July 31, 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

13,10,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000

25,77,540 22,17,864 11,73,222 6,95,673 3,67,336 1,22,807

11.84 11.81 9.39 5.86 1.31 4.38

9.08 9.10 7.62 5.77 1.55 7.55

2.76 2.71 1.77 0.09 -0.23 -3.18

21,92,904 19,20,770 11,01,456 6,94,077 3,68,642 1,24,824

21,91,542 19,16,382 11,11,815 7,12,891 3,77,675 1,25,030

9.07 9.05 7.88 6.83 3.14 7.88

30.95

25.64

15.80

16.72

14.92

11.37

13.51

8.56

2.39

8.43

0.89

5.83

5.80

4.69

2.31

4.314.31

5.59

2.73

Benchmark

Scheme

Financial Services Energy Consumer Goods Information Technology Cement & Cement Products

Industrial Manufacturing Automobile Construction Cash & Cash Equivalent Pharma

6.79

20.05

19.27

12.54

20.46

12.06

3.51

8.71

9.34

7.38

10.26

6.31

2.40

6.25

3.03

5.07

2.15

4.43

1.37

4.28

Benchmark

Scheme

Industrial Manufacturing Consumer Goods Financial Services Fertilisers & Pesticides Pharma

Automobile Cement & Cement Products Construction Metals Chemicals

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


15.62%

0.86

-0.02

24.06%

Portfolio Turnover

$Beta

$Sharpe##

$Standard Deviation

Equity & Equity related Supreme Industries Limited Industrial Products 5.74CoromandelInternational Ltd. Fertilisers 4.54P I Industries Ltd Pesticides 4.18The Ramco Cements Ltd Cement 3.87Schaeffler India Ltd Industrial Products 3.26Sheela Foam Ltd Consumer Durables 2.79Thermax Ltd. Industrial Capital Goods 2.57Cadila Healthcare Ltd. Pharmaceuticals 2.56AU Small Finance Bank Ltd. Banks 2.31Tata ConsumerProducts Ltd Consumer Non Durables 2.27Atul Ltd. Chemicals 2.18Solar IndustriesIndia Limited Chemicals 2.10SRF Ltd. Industrial Products 2.09Kajaria Ceramics Ltd. Construction 2.03Page Industries Ltd Textile Products 1.94Torrent Pharmaceuticals Ltd. Pharmaceuticals 1.91Shree Cement Ltd. Cement 1.84Voltas Ltd. Consumer Durables 1.84Apollo HospitalsEnterprises Ltd. Healthcare Services 1.80Exide Industries Ltd Auto Ancillaries 1.78Bharat Electronics Ltd Industrial Capital Goods 1.70SKF India Ltd Industrial Products 1.64Oberoi Realty Ltd Construction 1.61Balkrishna Industries Ltd Auto Ancillaries 1.60Persistent Systems Limited Software 1.60Max Financial Services Ltd. Finance 1.58Cummins India Ltd. Industrial Products 1.56Ratnamani Metals &Tubes Ltd. Ferrous Metals 1.52APL Apollo Tubes Limited Ferrous Metals 1.50Jindal Steel & Power Ltd. Ferrous Metals 1.41Amara Raja Batteries Ltd. Auto Ancillaries 1.38Lux Industries Limited Textile Products 1.25Bata India Ltd. Consumer Durables 1.24Godrej Agrovet Ltd Consumer Non Durables 1.20Hindustan PetroleumCorporation Ltd Petroleum Products 1.17V-Guard Industries Ltd. Consumer Durables 1.14Sundaram Finance Ltd. Finance 1.11Alkem Laboratories Ltd Pharmaceuticals 1.04Eris Lifesciences Ltd Pharmaceuticals 1.04Larsen And Toubro Ltd. Construction Project 1.03

Hawkins Cooker Ltd Household Appliances 1.02Federal Bank Ltd. Banks 0.98Motherson SumiSystems Ltd. Auto Ancillaries 0.98Axis Bank Ltd Banks 0.88Mahindra & MahindraFinancial Services Ltd. Finance 0.88Indraprastha Gas Ltd. Gas 0.83Laurus Labs Ltd Pharmaceuticals 0.83Finolex Cables Ltd. Industrial Products 0.82RBL Bank Ltd Banks 0.81Emami Ltd. Consumer Non Durables 0.79ICICI Bank Ltd. Banks 0.76Blue Star Ltd. Consumer Durables 0.73Gujarat State Petronet Ltd. Gas 0.72State Bank Of India Banks 0.67Shriram City UnionFinance Ltd. Finance 0.61Kalpataru PowerTransmission Ltd. Power 0.56MRF Limited Auto Ancillaries 0.56Amber EnterprisesIndia Ltd Consumer Durables 0.54JK Cement Ltd. Cement 0.54City Union Bank Ltd. Banks 0.53Mahindra & MahindraFinancial Services Ltd. -Rights Issue Finance 0.49Cholamandalam FinancialHoldings Limited Finance 0.46BEML Ltd Industrial Capital Goods 0.45PNC Infratech Ltd Construction 0.40Kewal KiranClothing Limited. Textile Products 0.36Navneet Education Ltd. Media and Entertainment 0.32Kirloskar Oil Engines Ltd. Industrial Products 0.17WPIL Ltd Industrial Products 0.04Equity & EquityRelated - Total 98.65TERM DEPOSITS HDFC Bank Ltd. 0.07Term Deposits - Total 0.07Triparty Repo 1.20Net Current Assets/(Liabilities) 0.08Grand Total 100.00

Term Deposit as provided above is towards margin for derivatives transactionsLarge Cap, Midcap and Small cap stocks as a % age of Net Assets: 16.5%, 65.11% & 17.04%.

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 July 31, 2020: `20.62 (Dividend Option), `24.428 (Direct Dividend Option), `37.543 (Growth Option), `41 (Direct Growth Option)*For Fund Manager experience, please refer page 57-59. ## Risk rate assumed to be 3.86% (FBIL Overnight MIBOR rate as on 31st July 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: `6,706.41 crs

AUM: `6,853.70 crs

Benchmark: Nifty Midcap 100 TRI

Allotment date: March 30, 2007




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

40,63,899 23,73,025 12,11,296 6,67,861 3,58,578 1,23,766

12.88 13.08 10.28 4.24 -0.26 5.88

9.32 7.86 5.05 -0.25 -6.05 4.45

3.57 5.21 5.23 4.49 5.79 1.44

31,15,387 17,99,838 10,05,142 5,96,165 3,27,505 1,22,853

31,39,829 19,16,382 11,11,815 7,12,891 3,77,675 1,25,030

9.42 9.05 7.88 6.83 3.14 7.88

Monthly SIP of ( ) 10000`



Scheme Returns (%)

Nifty Midcap 100 (TRI) Returns (%)

Alpha

Nifty Midcap 100 (TRI) ( )#`



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.Note: Large Cap, Midcap and Small cap stocks as a % age of Net Assets: 52.76%, 40.66% & 4.43%.

Equity & Equity relatedReliance Industries Ltd. Petroleum Products 7.52Infosys Ltd. Software 4.67CoromandelInternational Ltd. Fertilisers 4.05Tata ConsultancyServices Ltd. Software 4.05HDFC Bank Ltd. Banks 3.96Dr ReddysLaboratories Ltd Pharmaceuticals 3.53Hindustan Unilever Ltd. Consumer Non Durables 3.49SRF Ltd. Industrial Products 3.34Britannia Industries Ltd. Consumer Non Durables 3.26ICICI Bank Ltd. Banks 3.16Gujarat State Petronet Ltd. Gas 2.68Indraprastha Gas Ltd. Gas 2.64Jindal Steel & Power Ltd. Ferrous Metals 2.63Larsen And Toubro Ltd. Construction Project 2.47Ultratech Cement Ltd. Cement 2.46DR.Lal Pathlabs Ltd Healthcare Services 2.42Petronet LNG Ltd. Gas 2.33ICICI Lombard GeneralInsurance Company Ltd Finance 2.22Shree Cement Ltd. Cement 2.16AIA Engineering Limited Industrial Products 2.10Max Financial Services Ltd. Finance 2.06The Ramco Cements Ltd Cement 1.97Axis Bank Ltd Banks 1.91Balkrishna Industries Ltd Auto Ancillaries 1.88Bharat Electronics Ltd Industrial Capital Goods 1.85Page Industries Ltd Textile Products 1.69Thermax Ltd. Industrial Capital Goods 1.64AU Small FinanceBank Ltd. Banks 1.58Bata India Ltd. Consumer Durables 1.53JubilantFoodworks Limited Consumer Non Durables 1.47

JK Cement Ltd. Cement 1.41SupremeIndustries Limited Industrial Products 1.19Cummins India Ltd. Industrial Products 1.14Blue Star Ltd. Consumer Durables 1.06Godrej Agrovet Ltd Consumer Non Durables 1.04Schaeffler India Ltd Industrial Products 1.03ABB Ltd. Industrial Capital Goods 1.02United Breweries Ltd. Consumer Non Durables 1.01Linde India Ltd. Chemicals 1.00Techno Electric &EngineeringCompany Limited Construction Project 0.94Kotak Mahindra Bank Ltd. Banks 0.78GAIL (India) Ltd. Gas 0.65Cholamandalam FinancialHoldings Limited Finance 0.59Kalpataru PowerTransmission Ltd. Power 0.59BEML Ltd Industrial Capital Goods 0.50State Bank Of India Banks 0.49Dalmia Bharat Limited Cement 0.35Heritage Foods Ltd Consumer Non Durables 0.30Arvind Fashion Ltd. Retailing 0.04Equity & EquityRelated - Total 97.85Preference Shares 6% Redm Preference Sh ZeeEntertainment Enterprises Ltd. Media and Entertainment 0.01Preference Share - Total 0.01TERM DEPOSITS HDFC Bank Ltd. 0.30Term Deposits - Total 0.30Triparty Repo 1.79Net Current Assets/(Liabilities) 0.05Grand 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: 2.03%; Direct: 0.84%

46.78%

0.94

0.03

20.65%

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 July 31, 2020: ̀ 22.321 (Dividend Option), ̀ 24.463 (Direct Dividend Option), ̀ 120.606 (Growth Option), ̀ 130.685 (Direct Growth Option)*For Fund Manager experience, please refer page 57-59. ## Risk rate assumed to be 3.86% (FBIL Overnight MIBOR rate as on 31st July 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: `3,446.06 crs

AUM: `3,517.10 crs




Riskometer


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Product Label





Scheme Returns (%)


Alpha

Nifty 200 (TRI) ( )#`




19,10,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000

57,03,651 21,22,414 11,67,222 7,06,208 3,77,282 1,25,744

12.60 10.98 9.24 6.46 3.07 9.01

10.39 9.10 7.62 5.77 1.55 7.55

2.21 1.88 1.63 0.69 1.52 1.46

46,62,215 19,20,770 11,01,456 6,94,077 3,68,642 1,24,824

47,05,527 19,16,382 11,11,815 7,12,891 3,77,675 1,25,030

10.49 9.05 7.88 6.83 3.14 7.88

30.95

16.76

15.80

16.40

0.89

13.82

14.92

13.17

13.51

8.72

2.39

8.34

0.81

4.05

5.59

3.53

2.31

3.41

2.10

2.63

Benchmark

Scheme

Financial Services Energy Industrial Manufacturing Consumer Goods Information Technology

Cement & Cement Products Fertilisers & Pesticides Pharma Construction Metals

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 9.65Infosys Ltd. Software 7.90HDFC Bank Ltd. Banks 7.30ICICI Bank Ltd. Banks 5.61Tata ConsultancyServices Ltd. Software 4.58Hindustan Unilever Ltd. Consumer Non Durables 4.55Bharti Airtel Ltd. Telecom - Services 4.16Shree Cement Ltd. Cement 4.08Britannia Industries Ltd. Consumer Non Durables 3.55Larsen And Toubro Ltd. Construction Project 3.37Alkem Laboratories Ltd Pharmaceuticals 3.26Maruti Suzuki India Limited Auto 3.19Supreme Industries Limited Industrial Products 2.81Mahindra & Mahindra Ltd. Auto 2.55HDFC Standard LifeInsurance Company Ltd. Finance 2.53The Ramco Cements Ltd Cement 2.44ICICI Lombard GeneralInsurance Company Ltd Finance 2.36Kotak Mahindra Bank Ltd. Banks 2.36Max Financial Services Ltd. Finance 2.18

Gujarat State Petronet Ltd. Gas 2.14Hindustan PetroleumCorporation Ltd Petroleum Products 2.10Gujarat Gas Ltd Gas 2.06Page Industries Ltd Textile Products 1.98AU Small Finance Bank Ltd. Banks 1.96SRF Ltd. Industrial Products 1.95P I Industries Ltd Pesticides 1.89Aavas Financiers Ltd Finance 1.55Kajaria Ceramics Ltd. Construction 1.43Apollo HospitalsEnterprises Ltd. Healthcare Services 1.41Kalpataru PowerTransmission Ltd. Power 1.00Reliance Industries Ltd -Partly Paid Shares Petroleum Products 0.38

Equity & EquityRelated - Total 98.28Triparty Repo 1.66Net Current Assets/(Liabilities) 0.06Grand 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

36.08%Portfolio Turnover

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

AAUM: ` crs 1,664.59

AUM: ` crs1,675.75


Allotment date: July 16, 2019

Folio count: 73,998

PORTFOLIO


Investment style


Large

Medium

Small


KOTAK FOCUSED EQUITY FUND



Since Inception 1 year

1,30,000 1,20,000

1,33,989 1,23,880

5.35 6.06

5.94 7.55

-0.59 -1.49

1,34,422 1,24,824

1,34,645 1,25,030

6.24 7.88




Scheme Returns (%)

Nifty 200 TRI (%)

Alpha

Nifty 200 TRI ( )#`



Scheme Inception : - July 16,2019. 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.Alpha is difference of scheme return with benchmark return.

Kotak Focused Equity Fund NAV as on July 31, 2020: `10.109 (Growth Option), `10.297 (Direct Growth Option), `10.109 (Dividend Option), ̀ 10.298 (Direct Dividend Option)*For Fund Manager experience, please refer page 57-59. **Total Expense Ratio includes applicable B30 fee and GST.

17.23 12.48 12.13 8.62 8.10 6.52 5.74 4.76 4.20 4.16 16.06

Banks Software Petroleum Products Finance Consumer Non Durables Cement

Auto Industrial Products Gas Telecom - Services REST

33.16

28.18

16.11

15.60

18.06

14.93

12.64

11.01

5.61

5.87

2.17

4.28

2.38

3.69

3.20

3.41

3.18

3.292.74

Benchmark

Scheme

Financial Services Information Technology Energy Consumer Goods Automobile

Cement & Cement Products Construction Telecom Pharma Cash & Cash Equivalent

Note: Large Cap, Midcap and Small cap stocks as a % age of Net Assets: 84.54%, 9.87% & 2.84%.

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

33.89%

0.96

0.06

20.59%

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 July 31, 2020: ̀ 31.544 (Dividend Option), ̀ 35.014 (Direct Dividend Option), ̀ 234.783 (Growth Option), ̀ 254.371 (Direct Growth Option)*For Fund Manager experience, please refer page 57-59. ## Risk rate assumed to be 3.86% (FBIL Overnight MIBOR rate as on 31st July 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: `1,590.94 crs

AUM: `1,627.29 crs

Benchmark: NIFTY 50 TRI

Allotment date: December 29, 1998


Investment style


Large

Medium

Small


Equity & Equity relatedReliance Industries Ltd. Petroleum Products 10.29Infosys Ltd. Software 7.72HDFC Bank Ltd. Banks 7.41ICICI Bank Ltd. Banks 5.61Tata ConsultancyServices Ltd. Software 5.19Hindustan Unilever Ltd. Consumer Non Durables 3.53Bharti Airtel Ltd. Telecom - Services 3.41HDFC Ltd. Finance 3.07Larsen And Toubro Ltd. Construction Project 2.95Kotak Mahindra Bank Ltd. Banks 2.90Axis Bank Ltd Banks 2.59Bharat PetroleumCorporation Ltd. Petroleum Products 1.83Ultratech Cement Ltd. Cement 1.82Hero MotoCorp Ltd. Auto 1.81HDFC Standard LifeInsurance Company Ltd. Finance 1.70Persistent Systems Limited Software 1.69Titan Company Ltd. Consumer Durables 1.57Shree Cement Ltd. Cement 1.47SBI Cards & PaymentServices Pvt. Ltd. Finance 1.45Cadila Healthcare Ltd. Pharmaceuticals 1.43ICICI Lombard GeneralInsurance Company Ltd Finance 1.40Nestle India Ltd. Consumer Non Durables 1.22Britannia Industries Ltd. Consumer Non Durables 1.19Maruti Suzuki India Limited Auto 1.19Container Corporationof India Ltd. Transportation 1.16Mahindra & Mahindra Ltd. Auto 1.16CoromandelInternational Ltd. Fertilisers 1.15ITC Ltd. Consumer Non Durables 1.07Asian Paints Ltd. Consumer Non Durables 1.05

Max Financial Services Ltd. Finance 1.03Bajaj Finance Limited Finance 1.02MindTree Ltd. Software 1.00The Ramco Cements Ltd Cement 0.99Solar IndustriesIndia Limited Chemicals 0.94Eicher Motors Ltd Auto 0.89Motherson SumiSystems Ltd. Auto Ancillaries 0.83Pfizer Ltd. Pharmaceuticals 0.81Inter Globe Aviation Ltd Transportation 0.80DR.Lal Pathlabs Ltd Healthcare Services 0.79Schaeffler India Ltd Industrial Products 0.79Tata ConsumerProducts Ltd Consumer Non Durables 0.79Tata Steel Limited. Ferrous Metals 0.75Indraprastha Gas Ltd. Gas 0.74Ipca Laboratories Ltd. Pharmaceuticals 0.63Page Industries Ltd Textile Products 0.61Gujarat State Petronet Ltd. Gas 0.60United Breweries Ltd. Consumer Non Durables 0.58Gujarat Gas Ltd Gas 0.53National Thermal PowerCorporation Limited Power 0.53Rail Vikas Nigam Limited. Construction 0.45Dr Reddys Laboratories Ltd Pharmaceuticals 0.42Reliance Industries Ltd -Partly Paid Shares Petroleum Products 0.40Mahindra LifespaceDevelopers Ltd Construction 0.30Equity & EquityRelated - Total 97.25Triparty Repo 2.40Net Current Assets/(Liabilities) 0.35Grand Total 100.00


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

74,63,900 19,37,344 11,08,126 6,92,844 3,78,398 1,26,089

13.09 9.26 7.79 5.69 3.26 9.56

11.97 9.05 7.88 6.83 3.14 7.88

1.12 0.21 -0.09 -1.14 0.13 1.68

66,49,309 19,16,382 11,11,815 7,12,891 3,77,675 1,25,030

68,80,728 19,78,460 11,42,512 7,35,342 3,86,540 1,25,264

12.30 9.66 8.64 8.07 4.68 8.25




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





16.74%

0.78

-0.11

26.48%

Portfolio Turnover

$Beta

$Sharpe##

$Standard Deviation

Equity & Equity related JK Cement Ltd. Cement 3.95Sheela Foam Ltd Consumer Durables 3.62Century Plyboards(India) Ltd. Consumer Durables 3.30Dixon TechnologiesIndia Ltd Consumer Durables 3.13Galaxy Surfactants Ltd Chemicals 3.03Nilkamal Ltd Industrial Products 2.87Hawkins Cooker Ltd Household Appliances 2.84Alkyl Amines Chemicals Ltd. Chemicals 2.78Amber Enterprises India Ltd Consumer Durables 2.78Ratnamani Metals &Tubes Ltd. Ferrous Metals 2.70Persistent Systems Limited Software 2.54P I Industries Ltd Pesticides 2.52Techno Electric & EngineeringCompany Limited Construction Project 2.44Prataap Snacks Ltd Consumer Non Durables 2.43APL Apollo Tubes Limited Ferrous Metals 2.42V.S.T Tillers Tractors Ltd Auto 2.41Carborundum Universal Ltd. Industrial Products 2.37Lux Industries Limited Textile Products 2.36Blue Star Ltd. Consumer Durables 2.35Supreme Industries Limited Industrial Products 2.30Dhanuka Agritech Ltd Pesticides 2.21The Ramco Cements Ltd Cement 2.17Laurus Labs Ltd Pharmaceuticals 2.13Blue Dart Express Ltd. Transportation 2.10Solar IndustriesIndia Limited Chemicals 2.03Great Eastern ShippingCompany Ltd Transportation 2.01ICICI Bank Ltd. Banks 1.95AU Small Finance Bank Ltd. Banks 1.78Heritage Foods Ltd Consumer Non Durables 1.63Cyient Ltd. Software 1.62Cadila Healthcare Ltd. Pharmaceuticals 1.39Apollo Pipes Ltd Industrial Products 1.35Security and IntelligenceServices India Ltd Commercial Services 1.33

Atul Ltd. Chemicals 1.31JMC Projects (India) Ltd Construction 1.31Kajaria Ceramics Ltd. Construction 1.27V-Guard Industries Ltd. Consumer Durables 1.10Aavas Financiers Ltd Finance 1.09Schaeffler India Ltd Industrial Products 1.03CoromandelInternational Ltd. Fertilisers 1.01Hindustan Oil ExplorationCompany Ltd. Oil 0.96Shoppers Stop Ltd. Retailing 0.94Mahindra LifespaceDevelopers Ltd Construction 0.92WPIL Ltd Industrial Products 0.92Varroc Engineering Ltd. Auto Ancillaries 0.90Thermax Ltd. Industrial Capital Goods 0.83Kewal KiranClothing Limited. Textile Products 0.81Finolex Cables Ltd. Industrial Products 0.78Sandhar Technologies Ltd. Auto Ancillaries 0.73BEML Ltd Industrial Capital Goods 0.72RBL Bank Ltd Banks 0.59Mahindra & MahindraFinancial Services Ltd. Finance 0.52Hindustan PetroleumCorporation Ltd Petroleum Products 0.51Motherson SumiSystems Ltd. Auto Ancillaries 0.41Shriram City UnionFinance Ltd. Finance 0.41Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.34Mahindra & MahindraFinancial Services Ltd. -Rights Issue Finance 0.29Equity & EquityRelated - Total 98.54Triparty Repo 1.21Net Current Assets/(Liabilities) 0.25Grand Total 100.00

Note: Large Cap, Midcap and Small cap stocks as a % age of Net Assets: 4.6%, 23.5% & 70.44%.


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 July 31, 2020: ̀ 31.235 (Dividend Option), ̀ 34.576 (Direct Dividend Option), ̀ 68.113 (Growth Option), ̀ 74.892 (Direct Growth Option)*For Fund Manager experience, please refer page 57-59. ## Risk rate assumed to be 3.86% (FBIL Overnight MIBOR rate as on 31st July 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: `1,458.26 crs

AUM: `1,493.57 crsBenchmark: NIFTY Smallcap 100 TRI $ Allotment date: February 24, 2005Folio count: 72,833

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) ( )#`




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

47,85,601 20,51,441 10,88,102 6,26,160 3,46,187 1,24,457

11.28 10.34 7.28 1.68 -2.53 6.97

5.49 2.95 -0.63 -6.48 -13.16 1.72

5.79 7.39 7.91 8.17 10.63 5.26

29,02,458 13,94,559 8,21,373 5,08,438 2,91,907 1,21,107

43,39,943 19,16,382 11,11,815 7,12,891 3,77,675 1,25,030

10.17 9.05 7.88 6.83 3.14 7.88

13.52

21.29

6.41

13.18

9.33

9.16

2.83

8.28

14.91

6.64

3.02

6.12

9.81

5.95

5.33

5.74

2.15

5.12

0.97

4.45

Benchmark

Scheme

Consumer Goods Industrial Manufacturing Chemicals Services Financial Services

Cement & Cement Products Construction Fertilisers & Pesticides Metals Automobile

29.65

17.05

14.81

14.44

14.81

13.74

2.07

9.52

12.78

9.49

2.41

6.99

5.86

5.59

2.59

5.30

5.69

3.25

1.32

3.20

Benchmark

Scheme

Financial Services Consumer Goods Energy Industrial Manufacturing Information Technology

Cement & Cement Products Pharma Construction Automobile Services

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)


12.75%

0.95

0.02

21.01%

Portfolio Turnover

$Beta

$Sharpe##

$Standard Deviation

AIA Engineering Limited Industrial Products 1.17

Cummins India Ltd. Industrial Products 1.17

Container Corporation

of India Ltd. Transportation 1.13

Hindustan Petroleum

Corporation Ltd Petroleum Products 1.12

Solar Industries

India Limited Chemicals 1.12

Gujarat State

Petronet Ltd. Gas 1.11

SKF India Ltd Industrial Products 1.10

ABB Ltd. Industrial Capital Goods 1.06

Blue Star Ltd. Consumer Durables 1.03

Page Industries Ltd Textile Products 1.03

Whirlpool of India Ltd. Consumer Durables 1.03

Techno Electric & Engineering

Company Limited Construction Project 1.01

Max Financial Services Ltd. Finance 0.93

Dalmia Bharat Limited Cement 0.82

Bata India Ltd. Consumer Durables 0.79

APL Apollo Tubes Limited Ferrous Metals 0.77

Kalpataru Power

Transmission Ltd. Power 0.77

Hawkins Cooker Ltd Household Appliances 0.65

JMC Projects (India) Ltd Construction 0.43

Equity & Equity

Related - Total 97.37

Preference Shares

6% Redm Preference Sh Zee

Entertainment Enterprises Ltd. Media and Entertainment 0.02

Preference Share - Total 0.02

Triparty Repo 2.47

Net Current Assets/

(Liabilities) 0.14

Grand Total 100.00

Equity & Equity relatedReliance Industries Ltd. Petroleum Products 8.71

Infosys Ltd. Software 5.22

Hindustan Unilever Ltd. Consumer Non Durables 4.96

Tata Consultancy

Services Ltd. Software 4.27

ICICI Bank Ltd. Banks 4.04

SRF Ltd. Industrial Products 3.31

HDFC Bank Ltd. Banks 3.26

Britannia Industries Ltd. Consumer Non Durables 3.18

Dr Reddys

Laboratories Ltd Pharmaceuticals 3.01

Axis Bank Ltd Banks 2.79

Larsen And Toubro Ltd. Construction Project 2.66

Coromandel

International Ltd. Fertilisers 2.64

Cadila Healthcare Ltd. Pharmaceuticals 2.58

Ultratech Cement Ltd. Cement 2.57

AU Small Finance

Bank Ltd. Banks 2.46

Kotak Mahindra Bank Ltd. Banks 2.27

Shree Cement Ltd. Cement 2.17

Jindal Steel & Power Ltd. Ferrous Metals 2.07

Nestle India Ltd. Consumer Non Durables 2.06

Gujarat Gas Ltd Gas 2.04

Bajaj Auto Ltd. Auto 1.87

Thermax Ltd. Industrial Capital Goods 1.70

The Ramco Cements Ltd Cement 1.44

Blue Dart Express Ltd. Transportation 1.42

United Breweries Ltd. Consumer Non Durables 1.38

Balkrishna Industries Ltd Auto Ancillaries 1.37

ICICI Lombard General

Insurance Company Ltd Finance 1.30

Rail Vikas Nigam Limited. Construction 1.20

Linde India Ltd. Chemicals 1.18

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 July 31, 2020: ̀ 16.768 (Dividend Option), ̀ 20.638 (Direct Dividend Option), ̀ 43.047 (Growth Option) ̀ 47.335 (Direct Growth Option)*For Fund Manager experience, please refer page 57-59. ## Risk rate assumed to be 3.86% (FBIL Overnight MIBOR rate as on 31st July 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: `1,181.26 crs

AUM: `1,202.77 crs


Allotment date: November 23, 2005


Riskometer


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Product Label



17,70,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000

38,16,862 19,97,428 11,39,071 6,88,179 3,69,977 1,23,071

9.76 9.84 8.56 5.43 1.78 4.79

9.57 9.00 7.44 5.27 0.86 7.58

0.19 0.83 1.12 0.16 0.92 -2.79

37,58,247 19,11,265 10,94,460 6,85,470 3,64,797 1,24,837

37,83,003 19,16,382 11,11,815 7,12,891 3,77,675 1,25,030

9.65 9.05 7.88 6.83 3.14 7.88




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 9.56Infosys Ltd. Software 7.08HDFC Bank Ltd. Banks 5.81ICICI Bank Ltd. Banks 5.26Tata ConsultancyServices Ltd. Software 3.43Bharti Airtel Ltd. Telecom - Services 3.18Hindustan Unilever Ltd. Consumer Non Durables 3.13Larsen And Toubro Ltd. Construction Project 2.78Ultratech Cement Ltd. Cement 2.67Kotak Mahindra Bank Ltd. Banks 2.43Shree Cement Ltd. Cement 2.28Maruti Suzuki India Limited Auto 2.23Mahindra & Mahindra Ltd. Auto 2.07Supreme Industries Limited Industrial Products 1.96HDFC Standard LifeInsurance Company Ltd. Finance 1.86Max Financial Services Ltd. Finance 1.79AU Small Finance Bank Ltd. Banks 1.78Gujarat Gas Ltd Gas 1.67MindTree Ltd. Software 1.60Axis Bank Ltd Banks 1.57Britannia Industries Ltd. Consumer Non Durables 1.57Torrent Pharmaceuticals Ltd. Pharmaceuticals 1.54Gujarat State Petronet Ltd. Gas 1.50Apollo HospitalsEnterprises Ltd. Healthcare Services 1.46Hero MotoCorp Ltd. Auto 1.34Hindustan PetroleumCorporation Ltd Petroleum Products 1.21ICICI Lombard GeneralInsurance Company Ltd Finance 1.21Page Industries Ltd Textile Products 1.20CoromandelInternational Ltd. Fertilisers 1.19SRF Ltd. Industrial Products 1.15Bharat Electronics Ltd Industrial Capital Goods 1.12Bharat PetroleumCorporation Ltd. Petroleum Products 1.11Jindal Steel & Power Ltd. Ferrous Metals 1.11Container Corporationof India Ltd. Transportation 1.09Colgate Palmolive (India) Ltd. Consumer Non Durables 1.07

Voltas Ltd. Consumer Durables 1.06Cadila Healthcare Ltd. Pharmaceuticals 1.03HCL Technologies Ltd. Software 1.02Petronet LNG Ltd. Gas 0.92Titan Company Ltd. Consumer Durables 0.90Kajaria Ceramics Ltd. Construction 0.89Dr Reddys Laboratories Ltd Pharmaceuticals 0.85Kalpataru PowerTransmission Ltd. Power 0.83Aavas Financiers Ltd Finance 0.72ITC Ltd. Consumer Non Durables 0.69Bajaj Finance Limited Finance 0.67Inter Globe Aviation Ltd Transportation 0.65Jubilant Foodworks Limited Consumer Non Durables 0.64SBI Life InsuranceCompany Ltd Finance 0.63State Bank Of India Banks 0.59Exide Industries Ltd Auto Ancillaries 0.51The Ramco Cements Ltd Cement 0.47Alkem Laboratories Ltd Pharmaceuticals 0.46Reliance Industries Ltd -Partly Paid Shares Petroleum Products 0.40SBI Cards & PaymentServices Pvt. Ltd. Finance 0.36HDFC Ltd. Finance 0.33Mahindra & MahindraFinancial Services Ltd. Finance 0.29Mahindra & MahindraFinancial Services Ltd. -Rights Issue Finance 0.16Equity & EquityRelated - Total 98.08Debt Instruments Debentures and Bonds Corporate Debt/Financial Institutions Britannia Industries Ltd. ( ) CRISIL AAA 0.01Corporate Debt/FinancialInstitutions - Total 0.01Triparty Repo 1.89Net Current Assets/(Liabilities) 0.02Grand Total 100.00

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

Fund Manager: Ms. Shibani Kurian*AAUM: `802.20 crs AUM: `810.64 crsBenchmark: NIFTY 100 TRIAllotment date: July 27, 2005Folio count: 54,744

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 July 31, 2020: ̀ 17.585 (Dividend Option), ̀ 20.022 (Direct Dividend Option), ̀ 51.016 (Growth Option), ̀ 56.265 (Direct Growth Option)*For Fund Manager experience, please refer page 57-59. ## Risk rate assumed to be 3.86% (FBIL Overnight MIBOR rate as on 31st July 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) ( )#`




18,10,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000

41,78,511 19,97,394 11,29,318 7,10,236 3,72,195 1,24,907

10.34 9.84 8.32 6.68 2.18 7.69

10.28 9.38 7.99 6.50 2.55 7.94

0.06 0.46 0.33 0.19 -0.38 -0.25

41,55,786 19,49,863 11,16,248 7,06,912 3,74,332 1,25,067

40,07,785 19,16,382 11,11,815 7,12,891 3,77,675 1,25,030

9.85 9.05 7.88 6.83 3.14 7.88

Investment ObjectiveThe investment objective of the scheme is to generate capital appreciation from a diversified portfolio of equity and equity related instruments. The Scheme will invest in stocks of companies, which are fundamentally sound but are undervalued. Undervalued stocks are stocks of those companies whose true long term potentialis not yet recognised by the market. At times, the broad market takes time to appreciate the long-term potential of some fundamentally sound companies.Stocks of such companies are traded at prices below their intrinsic value and are regarded as undervalued stocks.We believe that, over a period of time, the price of a stock reflects the intrinsic value of the underlying company. Thus, the moving up of the price of the undervalued stock towards its intrinsic value will help us generate capital appreciation for investors.

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


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

47.76%1.000.13

21.27%

Product LabelData as on July 31, 2020

32.20

25.47

16.72

17.21

14.46

13.13

14.41

9.07

5.27

6.16

2.39

5.42

0.19

4.23

5.14

3.88

2.22

3.67

2.76

3.18

Benchmark

Scheme

Financial Services Energy Information Technology Consumer Goods Automobile

Cement & Cement Products Industrial Manufacturing Pharma Construction Telecom

21.9110.72

8.748.11

7.476.60

4.904.76

3.603.19

20.00

Overseas Mutual Fund Petroleum Products Finance Pharmaceuticals Auto Banks Industrial Products

Consumer Durables Transportation Industrial Capital Goods REST

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: 2.15%; Direct: 0.44%

Equity & Equity relatedReliance Industries Ltd. Petroleum Products 10.31HDFC Bank Ltd. Banks 6.60

Titan Company Ltd. Consumer Durables 4.76Maruti SuzukiIndia Limited Auto 3.52

Bajaj Finance Limited Finance 3.20Mahindra & Mahindra Ltd. Auto 2.77Cadila Healthcare Ltd. Pharmaceuticals 2.73

Sun Pharmaceuticals

Industries Ltd. Pharmaceuticals 2.61Tata Consumer

Products Ltd Consumer Non Durables 2.40HDFC Standard Life

Insurance Company Ltd. Finance 2.25



Bharat Forge Ltd. Industrial Products 2.15

3M India Ltd. Commercial Services 1.78AIA Engineering Limited Industrial Products 1.74

SBI Cards & Payment

Services Pvt. Ltd. Finance 1.73Persistent Systems Limited Software 1.71

Motherson Sumi

Systems Ltd. Auto Ancillaries 1.60ICICI Lombard General

Insurance Company Ltd Finance 1.56Solar IndustriesIndia Limited Chemicals 1.50

Indiamart intermesh ltd. Retailing 1.49P I Industries Ltd Pesticides 1.48

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



PORTFOLIO

Kotak Pioneer Fund NAV as on July 31, 2020: ̀ 10.474 (Dividend Option), ̀ 10.615 (Direct Dividend Option), ̀ 10.474 (Growth Option), ̀ 10.615 (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: `696.49 crs AUM: `711.96 crsBenchmark: 85% IISL Kotak India Pioneering Innovations + 15% MSCI ACWI Information Technology Index TRI.Allotment date: October 31, 2019Folio count: 30,311

Product Label


Divi s Laboratories Limited Pharmaceuticals 1.47Trent Ltd Retailing 1.41Inter Globe Aviation Ltd Transportation 1.38Lupin Ltd. Pharmaceuticals 1.30Thermax Ltd. Industrial Capital Goods 1.29Tata Motors Ltd. Auto 1.18Gujarat State Petronet Ltd. Gas 1.15ABB Ltd. Industrial Capital Goods 1.13APL Apollo Tubes Limited Ferrous Metals 1.03Schaeffler India Ltd Industrial Products 1.01Ratnamani Metals &Tubes Ltd. Ferrous Metals 0.95Page Industries Ltd Textile Products 0.84GE Power India Limited Industrial Capital Goods 0.77Igarashi Motors India Ltd. Auto Ancillaries 0.72Mahindra LifespaceDevelopers Ltd Construction 0.61Affle (India) Ltd. Software 0.45Reliance Industries Ltd -Partly Paid Shares Petroleum Products 0.41Rossari Biotech Ltd. Chemicals 0.03

Equity & EquityRelated - Total 77.24Mutual Fund Units Signature Global TechnologyCorporate Class Fund - 994 Overseas Mutual Fund 21.91

Mutual Fund Units - Total 21.91Triparty Repo 0.75Net Current Assets/(Liabilities) 0.10Grand 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



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 ICICI Bank Ltd. Banks 6.13ITC Ltd. Consumer Non Durables 5.98Mahindra & Mahindra Ltd. Auto 4.69Infosys Ltd. Software 4.50Bharti Airtel Ltd. Telecom - Services 4.33Hero MotoCorp Ltd. Auto 4.12Axis Bank Ltd Banks 3.20Emami Ltd. Consumer Non Durables 3.01Britannia Industries Ltd. Consumer Non Durables 2.82State Bank Of India Banks 2.77Larsen And Toubro Ltd. Construction Project 2.70Kotak Mahindra Bank Ltd. Banks 2.68Solara Active PharmaSciences Ltd. Pharmaceuticals 2.45Tata Power Co. Ltd. Power 2.28Reliance Industries Ltd -Partly Paid Shares Petroleum Products 2.25Tech Mahindra Ltd. Software 2.10Persistent Systems Limited Software 2.09Tata Steel Limited. Ferrous Metals 2.06Kalpataru PowerTransmission Ltd. Power 1.92Bharat PetroleumCorporation Ltd. Petroleum Products 1.91Indiamart intermesh ltd. Retailing 1.68CESC Ltd. Power 1.62Maruti Suzuki India Limited Auto 1.59Subros Ltd. Auto Ancillaries 1.56Laurus Labs Ltd Pharmaceuticals 1.48SRF Ltd. Industrial Products 1.45Hindustan PetroleumCorporation Ltd Petroleum Products 1.39Century Plyboards(India) Ltd. Consumer Durables 1.35National Thermal PowerCorporation Limited Power 1.34JMC Projects (India) Ltd Construction 1.31

The Ramco Cements Ltd Cement 1.30JK Cement Ltd. Cement 1.20KNR Constructions Ltd. Construction 1.16Eris Lifesciences Ltd Pharmaceuticals 1.11PNC Infratech Ltd Construction 1.10Thermax Ltd. Industrial Capital Goods 0.93Whirlpool of India Ltd. Consumer Durables 0.91HDFC Standard LifeInsurance Company Ltd. Finance 0.89Rail Vikas Nigam Limited. Construction 0.89Shree Cement Ltd. Cement 0.88Prataap Snacks Ltd Consumer Non Durables 0.85Alkem Laboratories Ltd Pharmaceuticals 0.78Saregama India Ltd. Media and Entertainment 0.53Dhanuka Agritech Ltd Pesticides 0.48Mahindra LifespaceDevelopers Ltd Construction 0.48CESC Ventures Ltd. Software 0.44Reliance Industries Ltd. Petroleum Products 0.38Motherson SumiSystems Ltd. Auto Ancillaries 0.26Equity & EquityRelated - Total 93.33Futures Infosys Ltd.-AUG2020 2.29ITC Ltd.-AUG2020 0.99Motherson SumiSystems Ltd.-AUG2020 0.89Futures (Market valuerepresents NotionalValue) - Total 4.17TERM DEPOSITS HDFC Bank Ltd. 1.53Term Deposits - Total 1.53Triparty Repo 6.10Net Current Assets/(Liabilities) -5.13Grand 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 July 31, 2020: ̀ 10.326 (Dividend Option), ̀ 10.554 (Direct Dividend Option), ̀ 10.326 (Growth Option), ̀ 10.563 (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: `430.11 crs

AUM: `442.24 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 4.17%

14.92

17.58

30.95

15.66

5.80

13.10

15.80

13.07

13.51

10.98

2.31

7.62

5.59

5.82

2.58

4.33

2.39

3.392.55

Benchmark

Scheme

Consumer Goods Financial Services Automobile Energy Information Technology Construction

Pharma Telecom Cement & Cement Products Cash & Cash Equivalent

20.16

17.69

11.65

13.97

18.78

11.08

4.64

10.86

17.93

7.88

14.04

7.14

3.03

6.14 5.78

2.25

5.13

2.22

4.88

Benchmark

Scheme

Financial Services Energy Automobile Industrial Manufacturing Consumer Goods Pharma

Services Metals Fertilisers & Pesticides Information Technology

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 10.63HDFC Bank Ltd. Banks 7.12Titan Company Ltd. Consumer Durables 5.61Maruti Suzuki India Limited Auto 4.51Persistent Systems Limited Software 3.50APL Apollo Tubes Limited Ferrous Metals 3.26Sun PharmaceuticalsIndustries Ltd. Pharmaceuticals 3.19Bajaj Finance Limited Finance 3.08P I Industries Ltd Pesticides 3.00Cadila Healthcare Ltd. Pharmaceuticals 2.61SBI Cards & PaymentServices Pvt. Ltd. Finance 2.61SRF Ltd. Industrial Products 2.59Ratnamani Metals &Tubes Ltd. Ferrous Metals 2.52Solar IndustriesIndia Limited Chemicals 2.48Tata Motors Ltd. Auto 2.42Motherson SumiSystems Ltd. Auto Ancillaries 2.323M India Ltd. Commercial Services 2.30Indiamart intermesh ltd. Retailing 2.28CoromandelInternational Ltd. Fertilisers 2.13ICICI Lombard GeneralInsurance Company Ltd Finance 1.91Container Corporation ofIndia Ltd. Transportation 1.89Amara Raja Batteries Ltd. Auto Ancillaries 1.84

Schaeffler India Ltd Industrial Products 1.82Gujarat Gas Ltd Gas 1.81Inter Globe Aviation Ltd Transportation 1.80HDFC Standard LifeInsurance Company Ltd. Finance 1.71Bharat Forge Ltd. Industrial Products 1.68AIA Engineering Limited Industrial Products 1.67GE Power India Limited Industrial Capital Goods 1.67ABB Ltd. Industrial Capital Goods 1.43Affle (India) Ltd. Software 1.38Lupin Ltd. Pharmaceuticals 1.34Rail Vikas Nigam Limited. Construction 1.34Mahindra LifespaceDevelopers Ltd Construction 1.29CRISIL Ltd. Finance 1.25Hindustan Oil ExplorationCompany Ltd. Oil 1.06Saregama India Ltd. Media and Entertainment 1.00Reliance Industries Ltd -Partly Paid Shares Petroleum Products 0.47Vinati Organics Ltd Chemicals 0.31Indian Railway CateringAnd TourismCorporation Ltd Services 0.15Rossari Biotech Ltd. Chemicals 0.06Equity & EquityRelated - Total 97.04Triparty Repo 2.65Net Current Assets/(Liabilities) 0.31Grand 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: `356.92 crs

AUM: `366.80 crs


Allotment date: May 15, 2018

Folio count: 4,604


15

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: 2.51%; Direct: 1.31%

7

7.24%

1.04

-0.32

24.77%

Portfolio Turnover

$Beta

$Sharpe##

$Standard Deviation




Solar Industries

India Limited Chemicals 5.87


Reliance Industries Ltd. Petroleum Products 5.48

Bharti Airtel Ltd. Telecom - Services 4.88

Thermax Ltd. Industrial Capital Goods 4.12

Supreme

Industries Limited Industrial Products 3.99

AIA Engineering Limited Industrial Products 3.89



Gujarat Gas Ltd Gas 3.58

Schaeffler India Ltd Industrial Products 3.57

H G Infra

Engineering Ltd. Construction Project 3.05

The Ramco Cements Ltd Cement 2.85

GE Power India Limited Industrial Capital Goods 2.83

APL Apollo Tubes Limited Ferrous Metals 2.66

PNC Infratech Ltd Construction 2.61

Ratnamani Metals &

Tubes Ltd. Ferrous Metals 2.59

National Thermal Power

Corporation Limited Power 2.51

Rail Vikas Nigam Limited. Construction 2.38

JMC Projects (India) Ltd Construction 2.04

Bharat Electronics Ltd Industrial Capital Goods 1.98

Hindustan Oil Exploration

Company Ltd. Oil 1.95

Kajaria Ceramics Ltd. Construction 1.95

SKF India Ltd Industrial Products 1.70

Cummins India Ltd. Industrial Products 1.66

Indraprastha Gas Ltd. Gas 1.33

BEML Ltd Industrial Capital Goods 1.32

Kalpataru Power


GAIL (India) Ltd. Gas 1.20

Mahindra Lifespace

Developers Ltd Construction 1.13

ABB Ltd. Industrial Capital Goods 1.11

WPIL Ltd Industrial Products 1.04

Techno Electric &

Engineering

Company Limited Construction Project 0.74

Sadbhav Engineering Ltd. Construction Project 0.42

Equity & Equity


Triparty Repo 0.78

Net Current Assets/

(Liabilities) 0.05

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 July 31, 2020: ̀ 13.4 (Dividend Option), ̀ 18.26 (Direct Dividend Option), ̀ 16.755 (Growth Option), ̀ 18.47 (Direct Growth Option)*For Fund Manager experience, please refer page 57-59. ## Risk rate assumed to be 3.86% (FBIL Overnight MIBOR rate as on 31st July 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: `246.40 crs

AUM: `242.41 crs

Benchmark: India Infrastructure

Index (Customised

Index by IISL)

Allotment date: February 25, 2008

Folio count: 20,169

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) ( )#`




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

23,62,278 16,20,749 9,28,409 5,54,467 3,09,975 1,13,901

6.98 5.86 2.82 -3.10 -9.48 -9.30

0.59 -0.07 -1.79 -4.60 -9.82 -8.45

6.39 5.93 4.61 1.50 0.34 -0.85

15,56,760 11,95,524 7,88,464 5,33,650 3,08,281 1,14,468

28,30,955 19,16,382 11,11,815 7,12,891 3,77,675 1,25,030

9.66 9.05 7.88 6.83 3.14 7.88

8.82

27.20

8.04

20.33

27.09

17.28

14.14

14.625.87

3.79

5.24

15.42

4.88

5.54

3.720.85

2.58

Benchmark

Scheme

Industrial Manufacturing Construction Energy Cement & Cement Products Chemicals

Metals Telecom Services Cash & Cash Equivalent Automobile

33.16

28.82

18.06

15.43

16.11

13.247.87

7.835.11

2.17

5.103.73

2.38

3.00

3.20

2.87

Benchmark

Scheme

Financial Services Energy Information Technology Others Consumer Goods

Industrial Manufacturing Cement & Cement Products Pharma Construction Telecom

12.64

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 2.84

Coromandel

International Ltd. Fertilisers 2.77

Supreme Industries Limited Industrial Products 2.70


HDFC Standard Life


Torrent

Pharmaceuticals Ltd. Pharmaceuticals 2.49


SRF Ltd. Industrial Products 2.41



AU Small Finance


Bharat Petroleum

Corporation Ltd. Petroleum Products 1.99

Gujarat State Petronet Ltd. Gas 1.92

Aavas Financiers Ltd Finance 1.30

Colgate Palmolive

(India) Ltd. Consumer Non Durables 1.27

Kalpataru Power


Dr Reddys Laboratories Ltd Pharmaceuticals 1.24

ICICI Lombard General

Insurance Company Ltd Finance 1.11

Bajaj Finance Limited Finance 1.00

SBI Cards & Payment

Services Pvt. Ltd. Finance 0.99

Reliance Industries Ltd -

Partly Paid Shares Petroleum Products 0.45

Equity & Equity


Options

CNX NIFTY - 11400.000 -

Put Option - June 2021 6.33

CNX NIFTY - 11200.000 -

Put Option - June 2021 1.55

Options - Total 7.88

Net Current Assets/

(Liabilities) 1.39

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: `33.93 crs

AUM: `34.68 crs


Allotment date: August 31, 2018

Folio count: 561


17



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: `15,582.80 crs

AUM: `15,363.74 crs

Benchmark: Nifty 50 Arbitrage Index


Folio count: 39,599

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 3.86% (FBIL Overnight MIBOR rate as on 31st July 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 5.79 -5.82

ICICI Bank Ltd. Banks 4.31 -4.33

Reliance Industries Ltd. Petroleum Products 4.26 -4.29

Bharti Airtel Ltd. Telecom - Services 3.38 -3.37

Hindustan Unilever Ltd. Consumer Non Durables 3.10 -3.12

Infosys Ltd. Software 2.11 -2.12

Axis Bank Ltd Banks 1.88 -1.89

Tata Consultancy Services Ltd. Software 1.86 -1.87

State Bank Of India Banks 1.86 -1.87

Asian Paints Ltd. Consumer Non Durables 1.20 -1.21

Others 35.92 -36.02

Equity & Equity Related - Total 65.67 -65.91

Mutual Fund Units 8.97

TERM DEPOSITS 17.82

Triparty Repo 4.21

Net Current Assets/(Liabilities) 3.33

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


381.82%

0.61

2.47

0.76%

Portfolio Turnover

$Beta

$Sharpe##

$Standard Deviation

Top 10 Holdings

Kotak Equity Arbitrage Fund NAV as on July 31, 2020: ̀ 10.6852 (Monthly Dividend Option), ̀ 11.1644 (Direct Monthly Dividend Option), ̀ 28.3434 (Growth Option), `29.4287 (Direct Growth Option), `19.9345 (Bimonthly Dividend), `20.127 (Direct Bimonthly Dividend), `22.9796 (Fortnightly Dividend), `23.4602 (Direct Fortnightly Dividend)


Term Deposit as provided above is towards margin for derivatives transactions

18

22.039.30

8.988.97

8.706.12

6.126.07

3.553.22

16.94

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

Pharmaceuticals Software Petroleum Products Telecom - Services Cement 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: `3,962.02 crs

AUM: `4,039.89 crs

Benchmark: NIFTY 50 Hybrid Composite Debt

50:50 Index


Folio count: 91,401

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 5.44 CNX NIFTY-AUG2020 -5.21CNX BANK INDEX-AUG2020 -4.21HDFC Bank Ltd. Banks 3.90 Infosys Ltd. Software 3.65 ICICI Bank Ltd. Banks 2.91 Tata Consultancy Services Ltd. Software 2.59 Reliance Industries Ltd - Partly Paid Shares Petroleum Products 2.22 Bharti Airtel Ltd. Telecom - Services 2.02 Hindustan Unilever Ltd. Consumer Non Durables 1.90 Others 41.18 -6.97Equity & Equity Related - Total 65.81 -16.39Mutual Fund Units 0.89 Debt Instruments Debentures and Bonds 8.83 Government Dated Securities 8.54 TERM DEPOSITS 1.62 Triparty Repo 10.03 Net Current Assets/(Liabilities) 4.28 Grand Total 100.00

Top 10 Holdings

Kotak Balanced Advantage Fund � Asset Allocation

Source: Internal Analysis. As on 31st July 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 : ̀ 11.391 (Dividend Option), ̀ 11.638 (Direct Dividend Option), ̀ 11.391 (Growth Option) ̀ 11.638 (Direct Growth Option)July 31, 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 2,40,000 1,20,000 2,64,023 1,29,396

9.48 14.87 9.18 13.12 0.29 1.74

2,63,265 1,28,315

2,45,439 1,25,030 2.17 7.88


Total amount invested ( )`Total Value as on July 31, 2020 ( )`

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



Data as on July 31, 202011.65

10.529.52

8.838.54

7.95.84

5.463.58

3.0425.12

TREP & Term Deposits & Rev.Repo Banks Petroleum Products Debentures and Bonds Government Dated Securities

Software Finance Consumer Non Durables Cement Auto REST

10198.40

10724.40

11157.00

10946.20

12106.90

7610.25

11073.45

51.5

35.8 35.2

43.5

38.4

79.0

50.33

20.0

30.0

40.0

50.0

60.0

70.0

80.0

90.0

7000.00

8000.00

9000.00

10000.00

11000.00

12000.00

Au

g-18

Oct-18

No

v-18

Dec-18

Feb-19

Mar-19

Ap

r-19

Jun

-19

Jul-19

Au

g-19

Oct-19

No

v-19

Dec-19

Feb-20

Mar-20

Ap

r-20

Jun

-20

Jul-20

Nifty 50 KBAF Net Equity

K-BAFNet Equity (RHS)

Nifty 50 IndexValue (LHS)

Portfolio Details % of Net AssetsNet Equity 50.33Arbitrage 6.95

Debt and Cash 42.72

7

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

KOTAK EQUITY HYBRID FUND


Equity & Equity related HDFC Bank Ltd. Banks 5.12ICICI Bank Ltd. Banks 4.89Reliance Industries Ltd. Petroleum Products 4.55Infosys Ltd. Software 4.11JK Cement Ltd. Cement 2.93Kotak Mahindra Bank Ltd. Banks 2.52Dr Reddys Laboratories Ltd Pharmaceuticals 2.45Tata ConsultancyServices Ltd. Software 2.22State Bank Of India Banks 2.02HDFC Ltd. Finance 1.89Bharat PetroleumCorporation Ltd. Petroleum Products 1.87Larsen And Toubro Ltd. Construction Project 1.85Sun PharmaceuticalsIndustries Ltd. Pharmaceuticals 1.81Thermax Ltd. Industrial Capital Goods 1.77Axis Bank Ltd Banks 1.75P I Industries Ltd Pesticides 1.74Solar Industries India Limited Chemicals 1.66The Ramco Cements Ltd Cement 1.59Mahindra & Mahindra Ltd. Auto 1.48Shree Cement Ltd. Cement 1.46Supreme Industries Limited Industrial Products 1.41Cadila Healthcare Ltd. Pharmaceuticals 1.39Century Plyboards (India) Ltd. Consumer Durables 1.37V.S.T Tillers Tractors Ltd Auto 1.36Schaeffler India Ltd Industrial Products 1.33ITC Ltd. Consumer Non Durables 1.28Techno Electric & EngineeringCompany Limited Construction Project 1.18Galaxy Surfactants Ltd Chemicals 1.16ICICI Lombard GeneralInsurance Company Ltd Finance 1.15APL Apollo Tubes Limited Ferrous Metals 1.10Gujarat Gas Ltd Gas 1.09GAIL (India) Ltd. Gas 0.98Maruti Suzuki India Limited Auto 0.98HDFC Standard LifeInsurance Company Ltd. Finance 0.91Tech Mahindra Ltd. Software 0.85Coromandel International Ltd. Fertilisers 0.84Kajaria Ceramics Ltd. Construction 0.79National Thermal PowerCorporation Limited Power 0.78Lupin Ltd. Pharmaceuticals 0.77Emami Ltd. Consumer Non Durables 0.72Hindustan Unilever Ltd. Consumer Non Durables 0.72Blue Dart Express Ltd. Transportation 0.67AU Small Finance Bank Ltd. Banks 0.62Mahindra LifespaceDevelopers Ltd Construction 0.60Motherson SumiSystems Ltd. Auto Ancillaries 0.55

MRF Limited Auto Ancillaries 0.51Bajaj Auto Ltd. Auto 0.43JMC Projects (India) Ltd Construction 0.42Finolex Cables Ltd. Industrial Products 0.32SBI Cards & PaymentServices Pvt. Ltd. Finance 0.31Kirloskar Oil Engines Ltd. Industrial Products 0.30Exide Industries Ltd Auto Ancillaries 0.25Reliance Industries Ltd -Partly Paid Shares Petroleum Products 0.17Equity & EquityRelated - Total 76.99Options CNX NIFTY - 10700.000 -Put Option - August 2020 0.04Options - Total 0.04Debt Instruments Debentures and Bonds Corporate Debt/Financial Institutions Tata Projects Ltd. FITCH IND AA 1.00Bahadur Chand InvestmentsPrivate Limited ICRA AA 0.83Reliable Devices Trust( Underlying customerReliance Retail ) ICRA AAA(SO) 0.13LIC Housing Finance Ltd. CRISIL AAA 0.04Corporate Debt/FinancialInstitutions - Total 2.00Public Sector Undertakings Canara Bank FITCH IND AAA 1.28Rural ElectrificationCorporation Ltd. CRISIL AAA 1.03U P Power Corporation Ltd( Guaranteed By UPState Government ) CRISIL A+(CE) 0.84Bank Of Baroda CRISIL AA+ 0.82Power FinanceCorporation Ltd. CRISIL AAA 0.44National Bank for Agriculture& Rural Development CRISIL AAA 0.06Public SectorUndertakings - Total 4.47GovernmentDated Securities 6.19% Central Government SOV 9.485.79% Central Government SOV 2.076.79% Central Government SOV 0.88Government DatedSecurities - Total 12.43Triparty Repo 3.45Net Current Assets/(Liabilities) 0.62Grand 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

-0.03

18.17%

$Sharpe##

$Standard Deviation

16.10%

1.27

Portfolio Turnover

$Beta

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

AAUM: `1,209.42 crs

AUM: `1,205.81 crs

Benchmark: NIFTY 50 Hybrid Composite Debt

65:35 Index $


Folio count: 37,650

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 July 31, 2020: ̀ 14.72 (Dividend Option), ̀ 16.855 (Direct Dividend Option), ̀ 24.797 (Growth Option) ̀ 27.223 (Direct Growth Option)For Fund Manager experience, please refer page 57-59. ## Risk rate assumed to be 3.86% (FBIL Overnight MIBOR rate as on 31st July 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

6,90,000 6,00,000 3,60,000 1,20,000

7,92,411 6,71,635 3,71,184 1,23,273

4.75 4.46 2.00 5.11

6.74 6.71 3.80 2.61

-1.98 -2.25 -1.80 2.49

8,34,771 7,06,867 3,80,302 1,21,436

8,38,244 7,12,891 3,77,675 1,25,030

6.69 6.83 3.14 7.88

16.9212.43

7.186.59

6.476.42

5.984.26

4.253.45

26.05

Banks Government Dated Securities Software Petroleum Products Debentures and Bonds

Pharmaceuticals Cement Finance Auto TREP & Term Deposits & Rev.Repo 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: `1,397.30 crs

AUM: `1,385.91 crs

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

Allotment date: October 13, 2014

Folio count: 15,163


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 7.19 -7.19


CNX BANK INDEX-AUG2020 -3.43




HDFC Ltd. Finance 2.52 -2.52

CNX NIFTY-AUG2020 -2.49

Tata Consultancy Services Ltd. Software 2.12

Bharti Airtel Ltd. Telecom - Services 1.90 -1.90

Others 41.21 -18.08

Equity & Equity Related - Total 69.09 -35.61

Mutual Fund Units 8.45

Debt Instruments

Debentures and Bonds 3.69

TERM DEPOSITS 6.63

Triparty Repo 11.13

Net Current Assets/(Liabilities) 1.01

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



0.25

8.22%

$Sharpe##

$Standard Deviation

1.53$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 July 31, 2020: `15.0841 (Growth Option), `11.3183 (Monthly Dividend Option), `11.2036 (Quarterly Dividend Option), `15.7336 (Direct Growth Option), ̀ 11.6092 (Direct Monthly Dividend Option), ̀ 11.2354 (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 3.86% (FBIL Overnight MIBOR rate as on 31st July 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

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

8,52,834 7,08,735 3,92,236 1,25,680

6.69 6.60 5.65 8.91

5.73 5.64 4.66 4.19

0.96 0.96 0.99 4.72

8,29,001 6,91,870 3,86,433 1,22,687

8,53,333 7,12,891 3,77,675 1,25,030

6.71 6.83 3.14 7.88

17.769.53

8.978.58

7.86.65

6.546.36

3.763.69

20.36

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

Software Petroleum Products Telecom - Services Debentures and Bonds REST

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

AAUM: `244.65 crs

AUM: `252.86 crs

Benchmark: CRISIL Hybrid 85+15 -

Conservative Index

Allotment date: December 02, 2003

Folio count: 5,275

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.Available Plans/OptionsA) Regular Plan B) Direct PlanOptions: 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 & aboveLoad StructureEntry Load: Nil. (applicable for all plans)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, 2020Total Expense Ratio**Regular: 2.29%; Direct: 1.15%

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

Equity & Equity relatedITC Ltd. Consumer Non Durables 2.01ICICI Bank Ltd. Banks 1.67Bharti Airtel Ltd. Telecom - Services 1.26Mahindra & Mahindra Ltd. Auto 1.20Hero MotoCorp Ltd. Auto 1.03State Bank Of India Banks 0.87HDFC Bank Ltd. Banks 0.82Indiamart intermesh ltd. Retailing 0.80Emami Ltd. Consumer Non Durables 0.79Axis Bank Ltd Banks 0.78Britannia Industries Ltd. Consumer Non Durables 0.76Kalpataru PowerTransmission Ltd. Power 0.66Solara Active PharmaSciences Ltd. Pharmaceuticals 0.64National Thermal PowerCorporation Limited Power 0.63Laurus Labs Ltd Pharmaceuticals 0.61SRF Ltd. Industrial Products 0.60The Ramco Cements Ltd Cement 0.57Infosys Ltd. Software 0.55CESC Ltd. Power 0.54Bharat PetroleumCorporation Ltd. Petroleum Products 0.52Kotak Mahindra Bank Ltd. Banks 0.49Tech Mahindra Ltd. Software 0.46Ultratech Cement Ltd. Cement 0.42Blue Dart Express Ltd. Transportation 0.39Huhtamaki PPL Ltd Industrial Products 0.39Alkem Laboratories Ltd Pharmaceuticals 0.38Century Plyboards(India) Ltd. Consumer Durables 0.38Rail Vikas Nigam Limited. Construction 0.38Larsen And Toubro Ltd. Construction Project 0.36ICICI Lombard GeneralInsurance Company Ltd Finance 0.35Dhanuka Agritech Ltd Pesticides 0.33Hindustan PetroleumCorporation Ltd Petroleum Products 0.32Saregama India Ltd. Media and Entertainment 0.32Prataap Snacks Ltd Consumer Non Durables 0.31Eris Lifesciences Ltd Pharmaceuticals 0.29Castrol (India) Ltd. Petroleum Products 0.27Subros Ltd. Auto Ancillaries 0.25Thermax Ltd. Industrial Capital Goods 0.25JK Cement Ltd. Cement 0.24V.S.T Tillers Tractors Ltd Auto 0.23KNR Constructions Ltd. Construction 0.21

Hindustan Unilever Ltd. Consumer Non Durables 0.19JMC Projects (India) Ltd Construction 0.17CESC Ventures Ltd. Software 0.13Mahindra LifespaceDevelopers Ltd Construction 0.12Equity & EquityRelated - Total 24.94Debt Instruments Debentures and Bonds Corporate Debt/Financial Institutions Bahadur Chand InvestmentsPrivate Limited ICRA AA 3.98Hindalco Industries Ltd. CRISIL AA 0.30Corporate Debt/FinancialInstitutions - Total 4.28Public Sector Undertakings Power FinanceCorporation Ltd. CRISIL AAA 6.84Rural ElectrificationCorporation Ltd. CRISIL AAA 5.01Canara Bank(Basel III Tier II Bonds) FITCH IND AAA 4.06Indian Railway FinanceCorporation Ltd. CRISIL AAA 3.71U P Power Corporation Ltd( Guaranteed By UPState Government ) CRISIL A+(CE) 1.58NHPC Ltd. ICRA AAA 0.29Public SectorUndertakings - Total 21.49GovernmentDated Securities 6.19% Central Government SOV 29.735.79% Central Government SOV 6.706.79% Central Government SOV 4.198.27% StateGovernment-Rajasthan SOV 2.148.42% StateGovernment-Tamil Nadu SOV 1.52Government DatedSecurities - Total 44.28TERM DEPOSITS HDFC Bank Ltd. 0.16Term Deposits - Total 0.16Triparty Repo 4.16Net Current Assets/(Liabilities) 0.69Grand 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.Kotak Debt Hybrid Fund NAV as on July 31, 2020: `34.3106 (Growth Option), `37.1655 (Direct Growth Option), `11.7454 (Monthly Dividend), `12.3318 (Direct Monthly Dividend), ̀ 13.3752 (Quarterly Dividend), ̀ 14.1745 (Direct Quarterly Dividend)*For Fund Manager experience, please refer page 57-59. ## Risk rate assumed to be 3.86% (FBIL Overnight MIBOR rate as on 31st July 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 (%)


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

40,64,153 18,67,699 11,20,586 7,22,343 4,02,903 1,26,978

7.96 8.57 8.10 7.36 7.46 10.99

9.02 9.70 9.92 9.82 10.82 14.85

-1.05 -1.13 -1.81 -2.46 -3.37 -3.86

44,88,077 19,82,686 11,95,462 7,68,076 4,23,340 1,29,376

37,87,208 18,23,710 11,42,528 7,45,775 4,21,205 1,26,554

7.21 8.11 8.65 8.64 10.47 10.31

ALLOCATION (%)

RATING PROFILE (%)


44.28 25.77 24.94 4.32 0.69

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

64.19 24.944.32

4.281.58

0.69

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

Macaulay Duration

Modified Duration

Portfolio Yield

4.86 yrs

4.68 yrs

6.20%

$Standard Deviation 9.18%

Average Maturity 6.82 yrs

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)

Ratios

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


Total Expense Ratio**Regular: 0.20%; Direct:0.10%

0.01 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: `5,036.62 crs

AUM: `4,494.17 crs

Benchmark: NIFTY 1D Rate index

Allotment date: January 15, 2019

Folio count: 5,733

PORTFOLIO

ALLOCATION (%)

RATING PROFILE (%)

Kotak Overnight Fund NAV as on : `1075.1857 (Growth Option), `1076.1867 (Direct Growth Option), `1004.7568 (Regular Daily Dividend), `1003.6055 (Direct Daily Dividend), `1067.1012 (July 31, 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 52.75

Triparty Repo 46.15

Grand Total 100.00



Portfolio Yield 3.20%

Modified Duration

0.01 yrsAverage Maturity

98.90 1.10

TREP & Term Deposits & Rev.Repo Net Current Assets

Macaulay Duration 0.01 yrs

98.90 1.10



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 Reliance Industries Ltd. CRISIL AAA 1.85HDB Financial Services Ltd. CRISIL AAA 1.23Mahindra & MahindraFinancial Services Ltd. FITCH IND AAA 1.08Tata Sons Private Ltd. CRISIL AAA 0.69HDFC Ltd. CRISIL AAA 0.18Tata Capital FinancialServices Limited CRISIL AAA 0.09L & T Finance Ltd. CARE AAA 0.05Corporate Debt/FinancialInstitutions - Total 5.17Public Sector Undertakings Rural ElectrificationCorporation Ltd. CRISIL AAA 3.15National Bank for Agriculture& Rural Development CRISIL AAA 2.82Power FinanceCorporation Ltd. CRISIL AAA 2.13Public SectorUndertakings - Total 8.10GovernmentDated Securities 8.04% StateGovernment-Chattisgarh SOV 0.08Government DatedSecurities - Total 0.08Money Market Instruments Commercial Paper(CP)/Certificate of Deposits(CD) Corporate Debt/Financial Institutions Reliance Jio Infocomm Ltd. CRISIL A1+ 8.24HDFC Ltd. CRISIL A1+ 3.59LIC Housing Finance Ltd. CRISIL A1+ 3.41Reliance Industries Ltd. CRISIL A1+ 3.06Tata Steel Ltd. ICRA A1+ 2.60Muthoot Finance Ltd. CRISIL A1+ 2.43Bajaj Finance Ltd. CRISIL A1+ 1.53Mahindra & MahindraFinancial Services Ltd. CRISIL A1+ 1.53Tata Capital HousingFinance Ltd. CRISIL A1+ 1.46Tata Motors Finance Ltd. CRISIL A1+ 1.07Tata Power Company Ltd. FITCH IND A1+ 1.07AXIS Bank Ltd. CRISIL A1+ 0.92Bharti Airtel Ltd. CRISIL A1+ 0.92Chambal Fertilisers &Chemicals Ltd. CRISIL A1+ 0.92Tata Capital FinancialServices Limited CRISIL A1+ 0.77L & T InfrastructureFinance Company Ltd. CRISIL A1+ 0.76

Tata Motors Finance Ltd. ICRA A1+ 0.76Bharti Telecom Ltd. CRISIL A1+ 0.61Manappuram Finance Ltd. CRISIL A1+ 0.46Tata Motors FinanceSolutions Ltd. ICRA A1+ 0.46ICICI Securities Limited CRISIL A1+ 0.31Tata Power Company Ltd. CRISIL A1+ 0.31Motilal Oswal FinancialServices Limited CRISIL A1+ 0.30Deutsche InvestmentsIndia Pvt. Ltd. CRISIL A1+ 0.15Network18 Media &Investments Ltd. FITCH IND A1+ 0.15AXIS Finance Ltd. CRISIL A1+ 0.08Corporate Debt/FinancialInstitutions - Total 37.87Public Sector Undertakings National Thermal PowerCorporation Ltd. CRISIL A1+ 4.58National Bank for Agriculture& Rural Development ICRA A1+ 4.57National Housing Bank CRISIL A1+ 2.45Chennai PetroleumCorporation Ltd. CRISIL A1+ 1.84Bharat PetroleumCorporation Ltd. CRISIL A1+ 1.53National Thermal PowerCorporation Ltd. ICRA A1+ 1.52Indian Oil Corporation Ltd. ICRA A1+ 1.22Steel Authority of India Ltd. FITCH IND A1+ 1.07Steel Authority of India Ltd. CARE A1+ 0.46Punjab National Bank CRISIL A1+ 0.31Public SectorUndertakings - Total 19.55Treasury Bills 84 Days Cash ManagementBill 20/08/2020 SOV 12.64364 Days TreasuryBill 10/09/2020 SOV 6.1191 Days TreasuryBill 29/10/2020 SOV 3.0491 Days TreasuryBill 13/08/2020 SOV 1.99182 Days TreasuryBill 24/09/2020 SOV 1.53364 Days TreasuryBill 17/09/2020 SOV 1.31364 Days TreasuryBill 15/10/2020 SOV 1.2291 Days TreasuryBill 03/09/2020 SOV 0.76Treasury Bills - Total 28.60Triparty Repo 0.03Net Current Assets/(Liabilities) 0.60Grand Total 100.00

KOTAK LIQUID FUNDMaturityShort Medium Long Volatility

Low

Medium

High



PORTFOLIO

ALLOCATION (%)

RATING PROFILE (%)

Kotak Liquid Fund NAV as on July 31, 2020: `4056.6292 (Growth Option), `4071.9294 (Direct Growth Option), `1000.4733 (Weekly Dividend), `1005.441 (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:

48,567Folio count:

AAUM: `36,280.23 crs

AUM: `31,232.32 crs

Average Maturity

Modified Duration

Portfolio Yield

0.10 yrs

0.10 yrs

3.49%

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


57.42 28.6 13.27 0.600.08

0.03

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

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

99.370.60

0.03

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


Product Label

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 Moderately low risk

yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Average Maturity

Modified Duration

Portfolio Yield

0.49 yrs

0.49 yrs

3.81%

Government Dated Securities 8.36% StateGovernment-Madhya Pradesh SOV 5.976.82% StateGovernment-Punjab SOV 2.717.64% StateGovernment-Chattisgarh SOV 2.367.88% StateGovernment-Karnataka SOV 2.358.15% StateGovernment-Rajasthan SOV 2.118.04% StateGovernment-Chattisgarh SOV 1.787.56% StateGovernment-Andhra Pradesh SOV 1.607.8% Central Government SOV 1.478.12% Central Government SOV 1.288.51% StateGovernment-Maharashtra SOV 1.207.00% Central Government SOV 0.836.99% StateGovernment-Punjab SOV 0.598.46% StateGovernment-Gujarat SOV 0.398.14% StateGovernment-Himachal Pradesh SOV 0.308.54% StateGovernment-Maharashtra SOV 0.30Government DatedSecurities - Total 25.24Money Market Instruments Commercial Paper(CP)/Certificate of Deposits(CD) Corporate Debt/Financial Institutions Reliance Industries Ltd. CRISIL A1+ 10.18LIC Housing Finance Ltd. CRISIL A1+ 7.49Larsen and Toubro Ltd. CRISIL A1+ 5.16HDFC Ltd. CRISIL A1+ 4.55Hero FinCorp Ltd. CRISIL A1+ 2.87

Hindustan Zinc Ltd. CRISIL A1+ 2.83Kotak MahindraInvestments Ltd. CRISIL A1+ 1.71Manappuram Finance Ltd. CRISIL A1+ 1.71Can Fin Homes Ltd. ICRA A1+ 1.67Bahadur Chand InvestmentsPrivate Limited ICRA A1+ 1.35IndusInd Bank Ltd. CRISIL A1+ 1.16Sundaram BNP ParibasHome Finance Ltd CRISIL A1+ 1.15Standard CharteredInvestment & Loan India Ltd. CRISIL A1+ 1.14Sundaram Finance Ltd. CRISIL A1+ 1.14Godrej Properties Limited CRISIL A1+ 0.87AXIS Bank Ltd. CRISIL A1+ 0.86Corporate Debt/FinancialInstitutions - Total 45.84Public Sector Undertakings National Bank for Agriculture& Rural Development FITCH IND A1+ 5.62Export-Import Bank of India CRISIL A1+ 4.59Small IndustriesDevelopment Bank Of India CARE A1+ 3.41National Bank for Agriculture &Rural Development ICRA A1+ 3.13Punjab National Bank CRISIL A1+ 1.48Export-Import Bank of India CRISIL AAA 1.13Public SectorUndertakings - Total 19.36Treasury Bills 84 Days Cash ManagementBill 20/08/2020 SOV 2.3291 Days TreasuryBill 13/08/2020 SOV 1.16Treasury Bills - Total 3.48Triparty Repo 3.29Net Current Assets/(Liabilities) 2.79Grand Total 100.00

25

RATING PROFILE (%)


AAUM: `8,728.27 crs

AUM: `8,508.17 crs

Benchmark: Nifty Money Market

Index

Allotment date: July 14, 2003

Folio count: 11,157

KOTAK MONEY MARKET FUNDMaturityShort Medium Long Volatility

Low

Medium

HighAn open-ended debt scheme investing in money market instruments




PORTFOLIO

Scheme Inception : - July 14, 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.Kotak Money Market Fund NAV as on July 31, 2020: `3379.8719 (Growth Option), `3394.1177 (Direct Growth Option), `1024.3349 (Weekly Dividend), `1022.0773 (Direct Weekly Dividend), `1017.6697 (Monthly Dividend), ̀ 1010.6639 (Direct Monthly Dividend), ̀ 1020.2254 (Daily Dividend), ̀ 1020.5812 (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 (%)


65.2 25.243.48

3.292.79

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


93.92 3.29 2.79

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







Scheme Returns (%)

Nifty Money Market Index Returns (%)

Alpha

Nifty Money Market Index ( )#`

CRISIL 1 Year T-Bill Index ( )^`

CRISIL 1 Year T-Bill Index Returns (%)


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

41,68,697 18,07,477 11,00,434 7,23,633 4,03,160 1,24,332

7.77 7.94 7.59 7.43 7.50 6.78

7.85 7.71 7.26 6.95 6.82 6.04

-0.08 0.23 0.33 0.48 0.68 0.74

42,01,275 17,85,724 10,87,383 7,14,971 3,99,121 1,23,868

37,39,072 17,38,616 10,84,694 7,17,160 4,02,251 1,24,468

6.63 7.20 7.19 7.07 7.34 7.00

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 HDFC Ltd. CRISIL AAA 10.01Bharti Telecom Ltd.(^) CRISIL AA+ 5.03Rent A Device Trust( Underlying customerReliance Retail ) ICRA AAA(SO) 4.02Kotak Mahindra Prime Ltd. CRISIL AAA 3.71Bajaj Housing Finance Ltd. CRISIL AAA 3.49Reliable Devices Trust( Underlying customerReliance Retail ) ICRA AAA(SO) 2.44Reliance Industries Ltd. CRISIL AAA 2.29Aditya Birla Finance Ltd. ICRA AAA 1.54Muthoot Finance Ltd. CRISIL AA 1.16Nabha Power Ltd. ( backedby unconditional andirrevocable guarantee byLarsen & Toubro Ltd ) ICRA AAA(CE) 1.15Bharti Airtel Ltd. CRISIL AA 1.08Kotak MahindraInvestments Ltd. CRISIL AAA 1.03LIC Housing Finance Ltd. CARE AAA 0.77HDB Financial Services Ltd. CRISIL AAA 0.73LIC Housing Finance Ltd. CRISIL AAA 0.71Godrej Properties Limited ICRA AA 0.50First Business ReceivablesTrust ( Originator RelianceIndustries Ltd ) CRISIL AAA(SO) 0.48ICICI Home FinanceCompany Limited CRISIL AAA 0.26Manappuram Finance Ltd. CRISIL AA 0.20Tata Projects Ltd. FITCH IND AA 0.20Tata Motors Ltd. CARE AA- 0.10Corporate Debt/FinancialInstitutions - Total 40.90Public SectorUndertakings Rural ElectrificationCorporation Ltd.(^) CRISIL AAA 8.57Power FinanceCorporation Ltd. CRISIL AAA 4.03U P Power Corporation Ltd( Guaranteed By UPState Government ) FITCH IND AA(CE) 0.61Food Corporation of India CRISIL AAA(CE) 0.41National Bank forAgriculture & RuralDevelopment CRISIL AAA 0.22

Public SectorUndertakings - Total 13.84GovernmentDated Securities 8.04% StateGovernment-Chattisgarh SOV 3.348.55% StateGovernment-Uttar Pradesh SOV 3.057.88% StateGovernment-Karnataka SOV 2.038.12% Central Government SOV 1.023.48% Central Government SOV 0.41Government DatedSecurities - Total 9.85Money Market Instruments Commercial Paper(CP)/Certificate of Deposits(CD) Corporate Debt/Financial Institutions AXIS Bank Ltd. CRISIL A1+ 2.72Hindustan Zinc Ltd. CRISIL A1+ 2.45AXIS Finance Ltd. CRISIL A1+ 0.25Corporate Debt/FinancialInstitutions - Total 5.42Public Sector Undertakings Export-Import Bank of India CRISIL A1+ 6.95Indian Oil Corporation Ltd. ICRA A1+ 4.76National Bank for Agriculture& Rural Development FITCH IND A1+ 3.88Punjab National Bank CRISIL A1+ 2.46National Bank for Agriculture& Rural Development ICRA A1+ 1.97ONGC ManglorePetrochemicals Ltd. CRISIL A1+ 1.00Public SectorUndertakings - Total 21.02Treasury Bills 91 Days TreasuryBill 13/08/2020 SOV 3.5184 Days Cash ManagementBill 20/08/2020 SOV 2.5091 Days TreasuryBill 10/09/2020 SOV 1.0091 Days TreasuryBill 03/09/2020 SOV 0.50Treasury Bills - Total 7.51Triparty Repo 0.49Net Current Assets/(Liabilities) 0.97Grand Total 100.00

Average Maturity

Modified Duration

Portfolio Yield

0.50 yrs

0.48 yrs

4.04%

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: `9,824.96 crs

AUM: `9,966.24 crs

Benchmark: NIFTY Ultra Short Duration Debt Index


Folio count: 36,159


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately




PORTFOLIO

ALLOCATION (%)

RATING PROFILE (%)

Scheme Inception : - August 13, 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. 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 Jul 2020 is 6.52% of the net assets.Kotak Savings Fund NAV as on July 31, 2020: `10.0798 (Daily Dividend Option), ̀ 10.365 (Daily Dividend - Direct), `32.9374 (Growth Option), `10.5105 (Monthly Dividend Option), `10.4104 (Weekly Dividend Option), `15.2645 (Monthly Dividend - Direct), ̀ 10.3573 (Weekly Dividend - Direct), ̀ 33.7681 (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.



54.74 26.449.85

7.510.97

0.49

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

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

89.66 8.880.97

0.49

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

Net Current Assets TREP & Term Deposits & Rev.Repo







Scheme Returns (%)

Nifty Ultra Short Duration Debt Index Returns (%)

Alpha

Nifty Ultra Short Duration Debt Index ( )#`




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

37,86,033 18,11,011 11,02,072 7,23,291 4,02,938 1,24,554

7.97 7.98 7.64 7.41 7.46 7.13

8.27 8.10 7.70 7.47 7.43 6.63

-0.30 -0.12 -0.06 -0.06 0.03 0.50

38,88,393 18,22,204 11,04,495 7,24,395 4,02,768 1,24,235

33,88,264 17,38,490 10,84,633 7,17,078 4,02,238 1,24,468

6.72 7.20 7.19 7.07 7.34 7.00

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;


Average Maturity

Modified Duration

Portfolio Yield

1.03 yrs

0.90 yrs

5.41%

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

HDFC Ltd.(^) CRISIL AAA 8.77

Tata Steel Ltd. (Perpetual Bonds) CARE AA- 4.18

LIC Housing Finance Ltd.(^) CRISIL AAA 2.73

Nabha Power Ltd. (backed by

unconditional and irrevocable

guarantee by Larsen & Toubro Ltd) ICRA AAA(CE) 2.51

Manappuram Finance Ltd.(^) CRISIL AA 2.20

Kotak Mahindra Prime Ltd. CRISIL AAA 2.16

Muthoot Finance Ltd. CRISIL AA 2.08

Embassy Office Parks Reit CRISIL AAA 1.96

Reliance Industries Ltd.(^) CRISIL AAA 1.94

Mobil Trust Series-07 Ptc

20-06-2022 - (C)(Mobil

Trust Series - 07) CRISIL AAA(SO) 1.37

L & T Infrastructure Finance

Company Ltd.(^) CRISIL AAA 1.23

Indostar Capital

Finance Limited ( ) CARE AA- 1.19

Reliable Devices Trust (Underlying

customer Reliance Retail) ICRA AAA(SO) 1.16

Tata Projects Ltd. FITCH IND AA 1.14

Rent A Device Trust (Underlying

customer Reliance Retail ) ICRA AAA(SO) 1.03

First Business Receivables Trust

( Originator Reliance

Industries Ltd ) CRISIL AAA(SO) 0.97

Sundaram BNP Paribas

Home Finance Ltd ICRA AA+ 0.92

Bharti Telecom Ltd.(^) CRISIL AA+ 0.63

Bahadur Chand Investments

Private Limited(^) ICRA AA 0.61

Godrej Properties Limited ICRA AA 0.60


20-06-2022 (A)(Mobil


Sikka Ports & Terminals Ltd.

( Mukesh Ambani Group ) (^) CRISIL AAA 0.35

Coastal Gujarat Power Ltd.

( Guarenteed by TATA

Power Co. Ltd ) (^) CARE AA(CE) 0.25

Aditya Birla Finance Ltd. ICRA AAA 0.19

Shriram Transport

Finance Co Ltd. CRISIL AA+ 0.18

Corporate Debt/Financial

Institutions - Total 40.71

Public Sector

Undertakings

Rural Electrification

Corporation Ltd. CRISIL AAA 6.45

Power Finance


U P Power Corporation Ltd

( Guaranteed By UP

State Government ) FITCH IND AA(CE) 3.41

Punjab & Sind Bank

(Basel III Tier I Bonds) ICRA A- 0.83

Union Bank of India

(Basel III Tier I Bonds) CARE A+ 0.52


( Guaranteed By UP

State Government ) CRISIL A+(CE) 0.49

PNB Housing Finance Ltd. CARE AA 0.10

Small Industries Development

Bank Of India CARE AAA 0.09

Public Sector

Undertakings - Total 16.11

Government

Dated Securities

8.12% Central Government SOV 7.65


5.62% State

Government-Orissa SOV 3.68

7.43% State

Government-Chattisgarh SOV 3.40

7.93% State

Government(^)-Chattisgarh SOV 1.96

5.78% State

Government-Orissa SOV 1.85

8.00% State

Government-Rajasthan SOV 0.07

Government Dated

Securities - Total 23.01

Money Market Instruments

Commercial Paper(CP)/

Certificate of Deposits(CD)

Corporate Debt/


IndusInd Bank Ltd. CRISIL A1+ 4.98

AXIS Finance Ltd. CRISIL A1+ 1.79

IIFL Wealth Finance Ltd. CRISIL A1+ 1.20

JM Financial Products Limited CRISIL A1+ 0.90

ICICI Bank Ltd. ICRA A1+ 0.06



Public Sector

Undertakings

National Bank for Agriculture

& Rural Development ICRA A1+ 5.90

PNB Gilts Ltd. CRISIL A1+ 1.20

Punjab National Bank CRISIL A1+ 0.53

Public Sector


Treasury Bills

91 Days Treasury

Bill 10/09/2020 SOV 1.80

Treasury Bills - Total 1.80

Triparty Repo 0.32

Net Current Assets/

(Liabilities) 1.49

Grand Total 100.00

27


Low

Medium

High

KOTAK LOW DURATION FUND



AAUM: `7,666.63 crs

AUM: `8,301.11 crs

Benchmark: NIFTY Low Duration Debt Index


Folio count: 79,790

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




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 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 Jul 2020 is 8.69% of the net assets.Kotak Low Duration Fund NAV as on ̀ 2552.7375 (Regular Plan-Growth Option), ̀ 1015.1481 (Regular Plan-Weekly Dividend), ̀ 1025.4643 (Regular Plan-Monthly Dividend), ̀ 2680.4574 (Direct Plan- Growth July 31, 2020: Option), ̀ 1199.7865 (Direct Plan- Weekly Dividend), ̀ 1155.8471 (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.






Scheme Returns (%)

Nifty Low Duration Debt Index Returns (%)

Alpha

Nifty Low Duration Debt Index ( )#`




14,90,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000

25,54,460 18,53,443 11,28,967 7,37,108 4,09,015 1,26,066

8.30 8.42 8.31 8.17 8.47 9.54

8.23 8.16 7.87 7.71 7.93 7.96

0.07 0.26 0.44 0.46 0.55 1.58

25,25,799 18,15,943 11,04,357 7,24,196 4,03,157 1,24,325

23,38,434 17,38,490 10,84,633 7,17,078 4,02,238 1,24,468

6.98 7.20 7.19 7.07 7.34 7.00

28

56.82 23.0116.56

1.801.49

0.32

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

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

78.8617.49

1.841.49

0.32

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


79.89 15.54 4.57

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

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

3.03 yrs

6.08%

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 Jamnagar Utilities & PowerPrivate Limited( Mukesh Ambani Group ) CRISIL AAA 9.60LIC Housing Finance Ltd. CRISIL AAA 8.98ICICI Bank Ltd.(^)(Basel III Tier I Bonds) CRISIL AA+ 8.34Sikka Ports & Terminals Ltd.( Mukesh Ambani Group ) CRISIL AAA 7.68AXIS Bank Ltd. CRISIL AAA 4.07Reliance Industries Ltd. CRISIL AAA 1.80HDFC Ltd. CRISIL AAA 0.47HDB Financial Services Ltd. CRISIL AAA 0.23Corporate Debt/FinancialInstitutions - Total 41.17Public SectorUndertakings National Bank for Agriculture& Rural Development(^) CRISIL AAA 9.91

Rural ElectrificationCorporation Ltd.(^) CRISIL AAA 9.83Power FinanceCorporation Ltd. CRISIL AAA 9.38ONGC PetroAdditions Ltd.(^) ICRA AAA(CE) 9.35Bank Of Baroda(^)(Basel III Tier I Bonds) FITCH AAA(IND) 7.70State Bank Of India.(Basel III Tier I Bonds) CRISIL AA+ 5.39Bank Of Baroda(^)(Basel III Tier I Bonds) CRISIL AA+ 1.81Public SectorUndertakings - Total 53.37GovernmentDated Securities 5.18% Central Government SOV 0.89Government DatedSecurities - Total 0.89Net Current Assets/(Liabilities) 4.57Grand Total 100.00

29


Low

Medium

High

KOTAK FLOATING RATE FUND



AAUM: `310.92 crs

AUM: `437.75 crs

Benchmark: NIFTY Ultra Short Duration Debt Index


Folio count: 659

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



PORTFOLIO

ALLOCATION (%)

RATING PROFILE (%)

Scheme Inception : - May 14, 2019. 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 Jul 2020 is 31.07% of the net assets.Kotak Floating Rate Fund NAV as on ̀ 1119.6623 (Growth Option), ̀ 1044.6303 (Weekly Dividend), ̀ 1085.4268 (Dividend Option), ̀ 1123.6831 July 31, 2020: (Direct Growth Option),`1075.0554 (Direct dividend)*For Fund Manager experience, please refer page 57-59. **Total Expense Ratio includes applicable B30 fee and GST.








Scheme Returns (%)

Nifty Ultra Short Duration Debt Index Returns (%)

Alpha

Nifty Ultra Short Duration Debt Index ( )#`



Since Inception 1 year

1,50,000 1,20,000

1,61,716 1,28,290

11.91 13.10

7.07 6.97

4.85 6.13

1,56,120 1,23,794

1,57,031 1,24,468

7.13 7.00


94.544.57

0.89

Debentures and Bonds Net Current Assets Government Dated Securities


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

stDetails provided are as on July 31 , 2020. Ratio Source: ICRA MFI Explorer. Risk free rate assumed to be 3.86% . 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)stas on 31

July 2020

BenchmarkMcap (%) /

Asset Allocation(%)

Underweight Beta

Nifty 200 TRI

Overweight Standard Deviation

(%)

Sharpe

6,853.70

52.1240.90

4.442.53

-0.321.04 24.77 3.21

Kotak Small Cap Fund

4.5623.3170.271.86

Mr. Harish Krishnan

India Infrastructure

Index (Customised

Index by IISL)

242.41

36.6635.9226.40 1.01

1. Industrial Manufacturing2. Construction3. Chemicals

1. Financial Services2. Telecom3. Energy

Product Positioning


Large and Midcap

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

Nifty 200 TRI 3,517.10Spotting 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 29,360.86

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 1,202.77

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

1,493.57Small 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

16.6165.1516.941.30

60.0028.57

8.403.03

77.0817.69

1.034.20

5 yearsAlpha (%)

-0.110.78 26.48 6.041. Consumer Goods2. Industrial Manufacturing3. Services

1. Financial Services2. Information Technology3. Pharma

2.15

2.51

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

1,385.91 N/A

N/A

N/A

N/A

0.251.53 8.22 0.89 2.19

711.96

1,675.75

Nifty 50 Hybrid

Composite Debt 50:50

Index

4,039.89 N/AN/A N/A N/A 2.00

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

1,205.81

15,363.74 N/A N/A N/A

-0.03

2.47

1.27

0.61

18.17

0.76

-2.55

0.93

Best of both worlds: equity

& debt

Arbitrage opportunities

Nifty 50 Hybrid

Composite Debt

65:35 Index

2.20

0.99

Total Expense Ratio

(TER %)^

Kotak BluechipFund

84.679.962.802.57

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 1,627.29Invest with

industry leaders

1. Cement & Cement Products2. Services3. Construction

1. Financial Services2. Energy3. Consumer Goods

0.060.96 20.59 -1.17 2.25

74.6822.51

0.831.98

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 810.64Long term

wealth creators

1. Industrial Manufacturing 2. Cement & Cement Products3. Healthcare Services

1. Financial Services2. Consumer Goods3. Information Technology

0.131.00 21.27 0.08 2.47

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

1. Financial Services2. Information Technology3. Automobile

0.030.94 20.65 0.57 2.03

1. Cement & Cement Products2. Industrial Manufacturing3. Construction

1. Financial Services2. Information Technology3. Consumer Goods

0.030.96 20.74 0.85 1.65

1. Industrial Manufacturing2. Cement & Cement Products3. Construction

1. Financial Services2. Information Technology3. Telecom

0.020.95 21.01 -0.37 2.26

Kotak Pioneer Fund

Kotak Focused Equity Fund

It's Future Ready

Performance Through Core

Conviction

Sectoral - Thematic

Focused

N/AN/A N/A 2.15N/A

Kotak Emerging Equity Fund Mid Cap Emerging leaders -0.020.86 24.06 2.99

1. Industrial Manufacturing2. Fertilisers & Pesticides3. Cement & Cement Products

1. Financial Services2. Consumer Goods3. Energy

1.86

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 2.09N/A

67.2417.9414.82

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

50.33

6.95

42.72

Net Equity

Arbitrage

Debt & Cash

33.53

29.64

36.83

1. Cement & Cement Products2. Industrial Manufacturing3. Construction

1. Industrial Manufacturing2. Services3. Metals

1. Industrial Manufacturing2. Cement & Cement Products3. Pharma

1. Consumer Goods2. Financial Services3. Pharma

1. Automobile2. Consumer Goods3. Pharma

1. Consumer Goods2. Information Technology3. Financial Services

69.9120.0410.05

73.2024.08 0.95 1.77

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 of large cap companies

� 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

Kotak Bond

Kotak Medium Term Fund

Kotak LowDuration

Kotak Mahindra Liquid Scheme

Kotak Floating Rate

Kotak Overnight Fund

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.

Name of the Scheme

Kotak Mahindra Gilt Unit Scheme 98 - Investment plan

Kotak Bluechip Fund





Kotak Tax Saver Fund

Kotak Emerging Equity Fund

Equity Scheme



Kotak Balanced AdvantageFund



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

� Long term capital growth � Investment in portfolio of predominantly equity & equity related securities of large & midcap companies� 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 across market capitalisation.

� 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 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 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

This product is suitable for investors who are seeking*

Low High

Riskometer

Low

Moderately

Low

Moderate ModeratelyHigh

High


Low High

Kotak Bond Fund


Kotak Low Duration Fund

Kotak Liquid Fund

Kotak Floating Rate Fund

Kotak Overnight 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 investing 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 a portfolio Macaulay duration between 4 years and 7 years

� 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.

Kotak Gilt Fund

Low High

Riskometer

Low

Moderately

Low


High

Investors understand that their principal will be at Moderately High risk

Low High

Low High

Riskometer

Low

Moderately

Low


High


Low High

Low High

Riskometer

Low

Moderately

Low


High


Low High

Investors understand that their principal will be at High risk

Low High

Riskometer

Low

Moderately

Low


High

Low High

Low High

Riskometer

Low

Moderately

Low


High


Low High

Kotak Money Market Fund

An open ended scheme investing in arbitrage opportunities

Large Cap Fund- An open ended equity schemepredominantly investing in large cap stocks

Small Cap Fund- An open ended equity schemepredominantly investing in small cap stocks

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

An open ended equity scheme following contrarian investment strategy

An Open-Ended Equity Linked Saving Scheme with a statutory lock in of 3 years and tax benefits

Mid Cap Fund - An open ended equity schemepredominantly investing in mid cap stocks

Multi Cap Fund - An open ended equity schemeinvesting across large cap, mid cap, small cap stocks

An open ended hybrid scheme investingpredominantly in equity and equity related instruments

An open ended scheme investing in equity, arbitrage and debt

An open ended dynamic asset allocation fund

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

An open ended equity schemeinvesting in pioneering innovations theme.

An open ended equity scheme following Infrastructure & Economic Reform theme

Debt SchemeDebt Scheme

An open ended debt scheme investing in money market instruments

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

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

An open ended dynamic debt scheme investing across duration

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

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

An open ended debt scheme predominantly investing in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.

An open ended debt scheme predominantly investing in floating rate instruments

An open ended liquid scheme

An open ended debt scheme investing in overnight securities

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

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

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

An open ended debt scheme investing in government securities across maturity

RiskometerType of Scheme

stD

etai

ls p

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ded

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as

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Net

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r Li

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Co

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0

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AA

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Gilt

2.83

% A

A+

7.62

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to

Lo

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0.25

0.29

0.76

1.10

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1.14

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1.92

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Year

an

d a

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Gilt

Gilt

Mac

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)

3.49

0.10

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Nil

3.81

0.49

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0.49

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4.04

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0.48

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3.28

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2.51

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3.40

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7.87

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6.58

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Inve

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sub

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*Ex

it L

oad

as

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of

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emp

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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

55%

0.00

50%

0.00

45%

0.00

00%

Deb

t Fu

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s R

ead

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ecko

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Exit

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atio

(T

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100

% A

AA

Liquidity Position OfKotak Mutual Fund Debt Funds

As on 31 July 2020

� Kotak Mutual Fund Liquidity profile remains robust

Scheme CategoryScheme Name

Non-Credit Strategies

% of AUM in AAA (Long Term) or A1+ (Short Term),Sovereign Debt, Cash & NCA

Kotak Liquid Fund 100.00

Kotak Money Market Fund

Kotak Corporate Bond Fund

Kotak Bond Short Term Fund

Kotak Savings Fund

Kotak Bond Fund

Kotak Banking and PSU Debt Fund

Kotak Dynamic Bond Fund

Kotak Low Duration Fund


Kotak Credit Risk Fund

Money Market Fund

Corporate Bond Fund

Short Duration Fund

Ultra Short Duration Fund

Medium to Long Duration Fund

Banking and PSU Fund

Dynamic Bond Fund

Low Duration Fund

Medium Duration Fund

Credit Risk Fund

Liquid Fund

It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal, strategy and the investment & operational mandate of the fund. As such the fund manager may or may not choose to invest in a particular credit paper. The portfolio construction is the purview of the Fund Manager and allocation may change from time to time. Internal Source. Please refer to the disclaimer slides for scheme details

91.11

89.55

83.96

83.55

80.69

57.83

36.95

100.00

100.00

100.00

Credit Strategies

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

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



Average Maturity

Modified Duration

Portfolio Yield

2.11 yrs

1.80 yrs

5.06%

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 InstrumentsDebentures and Bonds Corporate Debt/Financial Institutions HDFC Ltd. CRISIL AAA 10.01Nabha Power Ltd. ( backed byunconditional and irrevocableguarantee by Larsen& Toubro Ltd ) ICRA AAA(CE) 8.64HDB Financial Services Ltd. CRISIL AAA 6.34LIC Housing Finance Ltd.(^) CRISIL AAA 5.54Sikka Ports & Terminals Ltd.( Mukesh Ambani Group ) CRISIL AAA 4.81Bajaj Finance Ltd. CRISIL AAA 2.38LIC Housing Finance Ltd. CARE AAA 1.99L & T InfrastructureFinance Company Ltd. CRISIL AAA 1.93Reliance Industries Ltd. CRISIL AAA 1.48Grasim Industries Ltd.(^) CRISIL AAA 1.47Jamnagar Utilities & PowerPrivate Limited( Mukesh Ambani Group ) CRISIL AAA 1.29First Business ReceivablesTrust ( Originator RelianceIndustries Ltd ) CRISIL AAA(SO) 1.05Tata Capital FinancialServices Limited CRISIL AAA 1.05ICICI Bank Ltd.(^)(Basel III Tier II Bonds) ICRA AAA 0.97AXIS Bank Ltd. CRISIL AAA 0.72Kotak Mahindra Prime Ltd. CRISIL AAA 0.35Tata Sons Private Ltd. CRISIL AAA 0.25Mahindra & MahindraFinancial Services Ltd. FITCH IND AAA 0.20Bhopal Dhule TransmissionCompany Ltd. ( Operationalpower transmission project ) CRISIL AAA 0.08Corporate Debt/FinancialInstitutions - Total 50.55Public SectorUndertakings Power FinanceCorporation Ltd. CRISIL AAA 7.77

Rural ElectrificationCorporation Ltd. CRISIL AAA 7.06Small IndustriesDevelopment Bank Of India CARE AAA 3.13National Bank for Agriculture& Rural Development CRISIL AAA 0.98Food Corporation of India CRISIL AAA(CE) 0.52State Bank Of India.(^)(Basel III Tier II Bonds ) CRISIL AAA 0.52Indian Railway FinanceCorporation Ltd.(^) CRISIL AAA 0.31Small IndustriesDevelopment Bank Of India ICRA AAA 0.30Public SectorUndertakings - Total 20.59GovernmentDated Securities 7.68% Central Government SOV 5.187.79% StateGovernment-Himachal Pradesh SOV 3.807.52% StateGovernment-Tamil Nadu SOV 3.067.27% Central Government(^) SOV 2.698.65% StateGovernment-Kerala SOV 2.077.59% StateGovernment(^)-Gujarat SOV 2.057.59% Central Government SOV 1.578.62% StateGovernment-Maharashtra SOV 1.048.64% StateGovernment-Madhya Pradesh SOV 1.048.63% StateGovernment-Tamil Nadu SOV 1.038.45% StateGovernment-Punjab SOV 0.237.32% Central Government SOV 0.21Government DatedSecurities - Total 23.97Triparty Repo 0.43Net Current Assets/(Liabilities) 4.46Grand 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: 5,499.94 crs`

AUM: `5,266.51 crs

Benchmark: CRISIL Corporate Bond Composite Index


Folio count: 33,474

PORTFOLIOIssuer/Instrument Industry/Rating % to Net Assets


ALLOCATION (%)

RATING PROFILE (%)

Scheme Inception : - September 21, 2007. 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 Jul 2020 is 4.65% of the net assets.Kotak Corporate Bond Fund NAV as on July 31, 2020: ̀ 2814.8929 (Regular Plan-Growth Option), ̀ 1046.4294 (Regular Plan-Monthly Dividend), ̀ 2890.2044 (Direct Plan- Growth Option), ̀ 1097.9749 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.



71.14 23.974.46

0.43

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

95.114.46

0.43

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







Scheme Returns (%)

CRISIL Corporate Bond Composite Index Returns (%)

Alpha

CRISIL Corporate Bond Composite Index ( )#`




15,50,000 1200000.00 840000.00 6,00,000 3,60,000 1,20,000

27,84,070 1898129.47 1158420.86 7,52,414 4,16,644 1,27,176

8.64 8.87 9.03 8.99 9.73 11.31

9.55 9.59 9.71 9.74 11.08 14.99

-0.91 -0.71 -0.67 -0.75 -1.35 -3.68

29,68,992 1970965.43 1186575.01 7,66,666 4,24,954 1,29,466

24,73,575 1738489.81 1084633.23 7,17,078 4,02,238 1,24,468

6.94 7.20 7.19 7.07 7.34 7.00

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



Average Maturity

Modified Duration

Portfolio Yield

4.37 yrs

3.28 yrs

5.80%

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 AXIS Bank Ltd.(^) CRISIL AAA 2.13ICICI Bank Ltd.(Basel III Tier I Bonds) CRISIL AA+ 1.41ICICI Bank Ltd.(Basel III Tier I Bonds) ICRA AA+ 0.67ICICI Bank Ltd.(Basel III Tier I Bonds) CARE AA+ 0.26Corporate Debt/FinancialInstitutions - Total 4.47Public Sector Undertakings Power FinanceCorporation Ltd. CRISIL AAA 8.62Rural ElectrificationCorporation Ltd. CRISIL AAA 5.49National Bank for Agriculture& Rural Development(^) ICRA AAA 5.29Indian Railway FinanceCorporation Ltd. CRISIL AAA 3.90National Bank for Agriculture& Rural Development(^) CRISIL AAA 3.20Union Bank of India(Basel III Tier I Bonds) FITCH IND AA 3.20State Bank Of India.(Basel III Tier II Bonds) CRISIL AAA 3.13Bank Of Baroda(Basel III Tier II Bonds) FITCH IND AAA 2.97Food Corporation of India CRISIL AAA(CE) 2.91Bank Of Baroda(Basel III Tier I Bonds) ICRA AA 2.48Indian Bank(^)(Basel III Tier II Bonds) CRISIL AA- 2.43National HighwaysAuthority Of India(^) CRISIL AAA 2.05Union Bank of India(Basel III Tier I Bonds) CARE AA- 1.76Canara Bank(^)(Basel III Tier II Bonds) FITCH IND AAA 1.31U P Power Corporation Ltd( Guaranteed By UPState Government ) FITCH IND AA(CE) 0.91Power Grid Corporationof India Ltd. CRISIL AAA 0.75National Thermal PowerCorporation Ltd. CRISIL AAA 0.68Bank Of Baroda(Basel III Tier II Bonds) FITCH AAA(IND) 0.67Hindustan PetroleumCorporation Ltd. CRISIL AAA 0.67Punjab National Bank(Basel III Tier II Bonds) CRISIL A+ 0.67Indian Oil Corporation Ltd. ICRA AAA 0.64Punjab National Bank(Basel III Tier II Bonds) CRISIL AA+ 0.64State Bank Of India.(Basel III Tier I Bonds) CRISIL AA+ 0.62Bank Of Baroda(Basel III Tier I Bonds) CRISIL AA+ 0.47Small Industries DevelopmentBank Of India ICRA AAA 0.45

Bank Of Baroda(Basel III Tier I Bonds) CARE AA 0.31Punjab National Bank(Basel III Tier II Bonds) CRISIL A+ 0.20Public SectorUndertakings - Total 56.42GovernmentDated Securities 7.59% Central Government SOV 7.607.27% Central Government SOV 3.626.79% Central Government SOV 3.597.68% Central Government SOV 3.137.35% Central Government SOV 1.398.12% Central Government SOV 1.305.79% Central Government SOV 1.277.32% Central Government SOV 1.246.19% Central Government SOV 0.776.9% Central Government SOV 0.677.69% StateGovernment-Assam SOV 0.627.79% StateGovernment-Himachal Pradesh SOV 0.547.26% Central Government SOV 0.428.88% StateGovernment-Haryana SOV 0.427.82% StateGovernment-Assam SOV 0.358.39% StateGovernment-Rajasthan SOV 0.358.64% StateGovernment-Andhra Pradesh SOV 0.356.45% Central Government SOV 0.338.71% StateGovernment-Uttar Pradesh SOV 0.188.65% StateGovernment-Kerala SOV 0.148.74% StateGovernment-Rajasthan SOV 0.14Government DatedSecurities - Total 28.42Money Market Instruments Commercial Paper(CP)/Certificate of Deposits(CD) Corporate Debt/Financial Institutions AXIS Bank Ltd. CRISIL A1+ 1.26AXIS Bank Ltd. ICRA A1+ 0.64ICICI Bank Ltd. ICRA A1+ 0.57Corporate Debt/FinancialInstitutions - Total 2.47Public SectorUndertakings Export-Import Bank of India CRISIL AAA 1.87Public SectorUndertakings - Total 1.87Treasury Bills 84 Days Cash ManagementBill 20/08/2020 SOV 1.27Treasury Bills - Total 1.27Triparty Repo 1.68Net Current Assets/(Liabilities) 3.40Grand Total 100.00

31


Low

Medium

High

KOTAK BANKING AND PSU DEBT FUND


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately



AAUM: `7,848.90 crs

AUM: `7,829.85 crs

Benchmark: CRISIL Banking and PSU Debt Index

Allotment date: December 29,1998

Folio count: 15,487

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



PORTFOLIO

Scheme Inception : - December 29, 1998. 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 Jul 2020 is 8.79% of the net assets.Kotak Banking And PSU Debt Fund NAV as on July 31, 2020: ̀ 49.0828 (Growth Option), ̀ 50.1218 (Direct Growth Option), ̀ 10.5024 (Monthly Dividend), ̀ 10.497 (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 (%)


60.89 28.424.34

3.401.68

1.27

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

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

78.8915.16

3.401.68

0.87

A1+, AAA, AAA(CE), AAA(IND), IND AAA, SOV AA+, AA, IND AA, IND AA(CE), AA- Net Current Assets

TREP & Term Deposits & Rev.Repo A+







Scheme Returns (%)

CRISIL Banking and PSU Debt Index Returns (%)

Alpha

CRISIL Banking and PSU Debt Index ( )#`




26,00,000 1200000.00 840000.00 6,00,000 3,60,000 1,20,000

64,26,582 1917341.41 1166813.46 7,62,489 4,22,888 1,28,168

7.64 9.06 9.24 9.52 10.75 12.90

NA 9.38 9.43 9.47 10.52 12.50

NA -0.31 -0.19 0.05 0.23 0.40

NA 1949050.30 1174884.28 7,61,530 4,21,470 1,27,921

55,78,316 1738489.81 1084633.23 7,17,078 4,02,238 1,24,468

6.51 7.20 7.19 7.07 7.34 7.00

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 8.97LIC Housing Finance Ltd. CARE AAA 3.59Jamnagar Utilities & PowerPrivate Limited( Mukesh Ambani Group ) (^) CRISIL AAA 2.69Mahindra & MahindraFinancial Services Ltd. FITCH IND AAA 2.25Aditya Birla Finance Ltd. ICRA AAA 1.99First Business ReceivablesTrust ( Originator RelianceIndustries Ltd ) CRISIL AAA(SO) 1.44Fullerton IndiaCredit Co. Ltd. CRISIL AAA 1.44Grasim Industries Ltd. CRISIL AAA 1.32Bajaj Finance Ltd. CRISIL AAA 1.14Tata Capital FinancialServices Limited CRISIL AAA 1.12Sikka Ports & Terminals Ltd.( Mukesh Ambani Group ) CRISIL AAA 1.00HDB Financial Services Ltd. CARE AAA 0.88Tata Capital HousingFinance Ltd. CRISIL AAA 0.73Bhopal Dhule TransmissionCompany Ltd. ( Operationalpower transmission project ) CRISIL AAA 0.72Reliable Devices Trust( Underlying customerReliance Retail ) ICRA AAA(SO) 0.64Tata Capital FinancialServices Limited ICRA AAA 0.51Nabha Power Ltd. ( backed byunconditional and irrevocableguarantee by Larsen &Toubro Ltd ) ICRA AAA(CE) 0.38Reliance Industries Ltd. CRISIL AAA 0.28ICICI Bank Ltd.(Basel III Tier II Bonds) ICRA AAA 0.18Jamnagar Utilities & PowerPrivate Limited( Mukesh Ambani Group) CRISIL AAA 0.18LIC Housing Finance Ltd. CRISIL AAA 0.18Kotak Mahindra Prime Ltd. CRISIL AAA 0.09IOT Utkal Energy Services Ltd. CRISIL AAA 0.05HDB Financial Services Ltd. CRISIL AAA 0.02Tata Sons Private Ltd. CRISIL AAA 0.02Bajaj Housing Finance Ltd. CRISIL AAA 0.01Corporate Debt/FinancialInstitutions - Total 31.82Public SectorUndertakings Power FinanceCorporation Ltd. CRISIL AAA 6.49Rural ElectrificationCorporation Ltd. CRISIL AAA 5.13National Bank for Agriculture& Rural Development CRISIL AAA 2.84State Bank Of India.(^)(Basel III Tier II Bonds) CRISIL AAA 1.13Bank Of Baroda(Basel III Tier II Bonds) FITCH IND AAA 0.76National Bank for Agriculture& Rural Development ICRA AAA 0.74Canara Bank(Basel III Tier II Bonds) FITCH IND AAA 0.72Indian Oil Corporation Ltd. ICRA AAA 0.71ONGC Petro Additions Ltd. ICRA AAA(CE) 0.63Indian Railway FinanceCorporation Ltd. CRISIL AAA 0.36Rural ElectrificationCorporation Ltd. FITCH IND AAA 0.32Bank Of Baroda(Basel III Tier II Bonds) FITCH AAA(IND) 0.13Power Grid Corporationof India Ltd. CRISIL AAA 0.07National Thermal PowerCorporation Ltd. CRISIL AAA 0.04

Small Industries DevelopmentBank Of India ICRA AAA 0.02Public SectorUndertakings - Total 20.09GovernmentDated Securities 7.59% Central Government SOV 7.187.27% Central Government SOV 3.115.79% Central Government SOV 3.057.68% Central Government SOV 3.047.32% Central Government SOV 2.907.82% StateGovernment(^)-Assam SOV 2.266.79% Central Government SOV 1.728.59% StateGovernment-Andhra Pradesh SOV 1.537.93% StateGovernment(^)-Chattisgarh SOV 1.257.35% Central Government SOV 0.966.97% Central Government SOV 0.767.77% StateGovernment-Orissa SOV 0.768.00% StateGovernment-Rajasthan SOV 0.746.44% StateGovernment-Maharashtra SOV 0.678.21% StateGovernment-Haryana SOV 0.648.39% StateGovernment-Rajasthan SOV 0.568.45% StateGovernment-Punjab SOV 0.426.9% Central Government SOV 0.408.72% StateGovernment-Bihar SOV 0.377.69% StateGovernment-Assam SOV 0.348.26% StateGovernment-Uttar Pradesh SOV 0.308.45% StateGovernment-Jammu & Kashmir SOV 0.238.5% StateGovernment-Jammu & Kashmir SOV 0.236.45% Central Government SOV 0.228.58% StateGovernment-Gujarat SOV 0.198.61% StateGovernment-Uttar Pradesh SOV 0.173.48% Central Government SOV 0.157.68% StateGovernment-Madhya Pradesh SOV 0.158.27% StateGovernment-Rajasthan SOV 0.158.21% StateGovernment-Rajasthan SOV 0.121.44% Central Government SOV 0.088.45% StateGovernment-Bihar SOV 0.089.36% StateGovernment-West Bengal SOV 0.088.69% StateGovernment-Kerala SOV 0.057.26% Central Government SOV 0.048.66% StateGovernment-Tamil Nadu SOV 0.045.18% Central Government SOV 0.01Government DatedSecurities - Total 34.95Treasury Bills 91 Days TreasuryBill 13/08/2020 SOV 6.5184 Days Cash ManagementBill 20/08/2020 SOV 1.7691 Days TreasuryBill 29/10/2020 SOV 1.40Treasury Bills - Total 9.67Triparty Repo 2.49Net Current Assets/(Liabilities) 0.98Grand Total 100.00

Average Maturity

Modified Duration

Portfolio Yield

3.13 yrs

2.51 yrs

5.16%

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: `13,362.21 crs

AUM: `14,192.74 crs

Benchmark: NIFTY Short Duration Debt Index


Folio count: 19,674



PORTFOLIO


32



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 Jul 2020 is 5.13% of the net assets.Kotak Bond Short Term Fund NAV as on July 31, 2020: `39.8733 (Growth Option), `42.2062 (Direct Growth Option), ̀ 10.1863 (Monthly Dividend), `13.2254 (Direct Monthly Dividend), ̀ 14.529 (Half Yearly Dividend), `14.9623 (Direct Half Yearly Dividend), ̀ 12.5356 (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 ( )#`




21,90,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000

49,06,017 18,62,351 11,39,604 7,47,100 4,17,166 1,27,646

8.19 8.51 8.57 8.71 9.82 12.06

8.32 8.72 8.66 8.71 9.56 11.41

-0.13 -0.20 -0.08 0.00 0.25 0.66

49,71,733 18,82,492 11,42,940 7,47,137 4,15,641 1,27,243

41,40,907 17,38,490 10,84,633 7,17,078 4,02,238 1,24,468

6.55 7.20 7.19 7.07 7.34 7.00

33

51.91 34.95 9.672.49

0.98

Debentures and Bonds Government Dated Securities Treasury Bills


96.532.49

0.98

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

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.Available Plans/OptionsA) Regular Plan B) Direct PlanOptions: Dividend Payout, Dividend Reinvestment & Growth (applicable for all plans)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

$Source: ICRAMFI Explorer. Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns. Minimum Investment AmountInitial Investment: `5000 and in multiple of `1 for purchase and for ̀ 0.01 for switches

Additional Investment: ̀ 1000 & in multiples of ̀ 1Ideal Investments Horizon: 1 year & aboveLoad StructureEntry Load: Nil. (applicable for all plans)Exit Load: a) For redemption / switch out of upto 6% 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: 1.89%; Direct: 0.85%

Average Maturity

Modified Duration

Portfolio Yield

3.40 yrs

2.39 yrs

9.41%

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: `1,975.39 crs

AUM: `1,948.64 crs

Benchmark: Nifty Credit Risk

Bond Index $


Folio count: 17,634


Debt Instruments


Corporate Debt/Financial Institutions

Talwandi Sabo Power Ltd.

( Unconditional and Irrevocable Corporate Guarantee of Vedanta Ltd.) CRISIL AA(CE) 9.56

Reliance Industries Ltd. CRISIL AAA 5.56

Coastal Gujarat Power Ltd. ( Guarenteed by TATA Power Co. Ltd ) (^) CARE AA(CE) 5.16

Future Lifestyle Fashions Ltd. CRISIL A+ 5.06

L & T Infrastructure Finance Company Ltd. CRISIL AAA 4.18

Bahadur Chand Investments Private Limited ICRA AA 3.87

Godrej Properties Limited ICRA AA 2.56

Vizag General Cargo Berth Pvt. Ltd.

( backed by unconditional and irrevocable guarantee of Vedanta Ltd ) CRISIL AA(CE) 2.55


Shriram Transport Finance Co Ltd. CRISIL AA+ 1.50

Aarish Solar Power Ltd.# CARE AA-(CE) 0.65

Aashman Energy Pvt. Ltd.# CARE AA-(CE) 0.65

Divyesh Power Pvt. Ltd.# CARE AA-(CE) 0.65

Elena Renewable Energy Pvt. Ltd.# CARE AA-(CE) 0.65

Pratyash Renewable Pvt. Ltd.# CARE AA-(CE) 0.65

SEI Baskara Power Pvt. Ltd.# CARE AA-(CE) 0.65

SEI Enerstar Renewable Energy Pvt. Ltd.# CARE AA-(CE) 0.65

SEI Mihir Energy Pvt. Ltd.# CARE AA-(CE) 0.65

Shreyas Renwable Energy Pvt. Ltd.# CARE AA-(CE) 0.65

Zuvan Energy Pvt. Ltd.# CARE AA-(CE) 0.65

Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) (^) CRISIL AAA 0.55

Fullerton India Credit Co. Ltd. CRISIL AAA 0.18

Shriram City Union Finance Ltd. CARE AA+ 0.06

HDFC Ltd. CRISIL AAA 0.05

LIC Housing Finance Ltd. CRISIL AAA 0.04

JM Financial Credit Solutions Ltd. ICRA AA 0.01

Corporate Debt/Financial Institutions - Total 49.65

Public Sector Undertakings

U P Power Corporation Ltd ( Guaranteed By UP State Government ) CRISIL A+(CE) 8.59

Power Finance Corporation Ltd.(^) CRISIL AAA 8.15

Union Bank of India (Basel III Tier I Bonds) CARE A+ 8.00

Punjab & Sind Bank (Basel III Tier I Bonds) ICRA A- 7.12

National Bank for Agriculture & Rural Development ICRA AAA 6.79

Rural Electrification Corporation Ltd. CRISIL AAA 1.40

National Highways Authority Of India CRISIL AAA 0.55

Punjab National Bank (Basel III Tier II Bonds) CRISIL A+ 0.27

Small Industries Development Bank Of India CARE AAA 0.24

National Bank for Agriculture & Rural Development CRISIL AAA 0.15

Public Sector Undertakings - Total 41.26

Government Dated Securities

6.12% State Government-Karnataka SOV 2.56

6.57% State Government-Gujarat SOV 1.56

6.97% State Government-Maharashtra SOV 1.07


PORTFOLIO


Low

Medium

High

Macaulay Duration 2.56 yrs$Standard Deviation 4.34%

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 Jul 2020 is 10.07% of the net assets.Kotak Credit Risk Fund NAV as on July 31, 2020: ̀ 22.4256 (Growth Option), ̀ 24.0444 (Direct Growth Option), ̀ 10.0211 (Weekly Dividend), ̀ 10.4472 (Direct Weekly Dividend), ̀ 10.3573 (Monthly Dividend), ̀ 10.5502 (Direct Monthly Dividend), ̀ 11.0483 (Quarterly Dividend), ̀ 10.3877 (Direct Quarterly Dividend), ̀ 10.3766 (Annual Dividend), ̀ 18.0597 (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.

Government Dated Securities - Total 5.19

Triparty Repo 1.12

Net Current Assets/(Liabilities)^^ 2.78

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 (%)


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

18,95,647 18,28,759 11,09,707 7,22,306 4,01,815 1,24,448

8.17 8.17 7.83 7.36 7.27 6.97

9.29 9.30 9.06 8.83 9.24 10.48

-1.12 -1.13 -1.23 -1.47 -1.97 -3.51

20,14,535 19,40,968 11,59,413 7,49,378 4,13,693 1,26,664

17,97,782 17,38,490 10,84,633 7,17,078 4,02,238 1,24,468

7.19 7.20 7.19 7.07 7.34 7.00

# (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)

^^Includes Securities Below Investment grade or Default

Total

Value Recognised inNAV(Rs. In Lacs)

% toNet Assets

Total Security Value(Rs. In Lacs)

0.00 0.00 9040.89

0.00 0.00 9,040.89-

90.91 5.192.78

1.12

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

34.03 33.03 29.042.78

1.12

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

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


Average Maturity

Modified Duration

Portfolio Yield

4.69 yrs

3.40 yrs

8.42%

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`1,419.54

AUM: `1,409.96 crs

Benchmark: NIFTY Medium Duration Debt Index


Folio count: 9,878



PORTFOLIO

Debt Instruments


Corporate Debt/Financial Institutions

Coastal Gujarat Power Ltd. ( Guarenteed by TATA Power Co. Ltd ) CARE AA(CE) 9.63

Reliance Industries Ltd. CRISIL AAA 5.43

Embassy Office Parks Reit CRISIL AAA 3.96

Talwandi Sabo Power Ltd.

( Unconditional and Irrevocable Corporate Guarantee of Vedanta Ltd.) CRISIL AA(CE) 3.80

Shriram Transport Finance Co Ltd. CRISIL AA+ 2.26

Aarish Solar Power Ltd.# CARE AA-(CE) 0.30

Aashman Energy Pvt. Ltd.# CARE AA-(CE) 0.30

Divyesh Power Pvt. Ltd.# CARE AA-(CE) 0.30

Elena Renewable Energy Pvt. Ltd.# CARE AA-(CE) 0.30

Pratyash Renewable Pvt. Ltd.# CARE AA-(CE) 0.30

SEI Baskara Power Pvt. Ltd.# CARE AA-(CE) 0.30

SEI Enerstar Renewable Energy Pvt. Ltd.# CARE AA-(CE) 0.30

SEI Mihir Energy Pvt. Ltd.# CARE AA-(CE) 0.30

Shreyas Renwable Energy Pvt. Ltd.# CARE AA-(CE) 0.30

Zuvan Energy Pvt. Ltd.# CARE AA-(CE) 0.30

Tata Sons Private Ltd. CRISIL AAA 0.22

The Indian Hotels Company Ltd. CARE AA+ 0.21


IOT Utkal Energy Services Ltd. CRISIL AAA 0.02

Corporate Debt/Financial Institutions - Total 28.57

Public Sector Undertakings

Punjab & Sind Bank (Basel III Tier I Bonds) ICRA A- 10.86

Power Finance Corporation Ltd. CRISIL AAA 9.67

Rural Electrification Corporation Ltd. CRISIL AAA 7.70

U P Power Corporation Ltd ( Guaranteed By UP State Government ) CRISIL A+(CE) 6.10

ONGC Petro Additions Ltd. ICRA AAA(CE) 5.30

Punjab National Bank (Basel III Tier I Bonds) FITCH IND A 4.82

National Highways Authority Of India CRISIL AAA 3.76

National Bank for Agriculture & Rural Development ICRA AAA 3.70

Indian Railway Finance Corporation Ltd. CRISIL AAA 3.04

PNB Housing Finance Ltd. CARE AA 1.42

State Bank Of India. (Basel III Tier II Bonds ) CRISIL AAA 0.80

Steel Authority of India Ltd. FITCH IND AA- 0.05

Public Sector Undertakings - Total 57.22

Government Dated Securities





Government Dated Securities - Total 6.66

Treasury Bills

91 Days Treasury Bill 13/08/2020 SOV 3.54

Treasury Bills - Total 3.54

Triparty Repo 1.08

Net Current Assets/(Liabilities)^^ 2.93

Grand Total 100.00

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

Macaulay Duration 3.62 yrs$Standard Deviation 5.59%

85.796.66

3.542.93

1.08

Debentures and Bonds Government Dated Securities Treasury Bills


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.Kotak Medium Term Fund NAV as on July 31, 2020: `16.6593 (Growth Option), `17.6323 (Direct Growth Option), `10.7722 (Quarterly Dividend), `10.8399 (Direct Quarterly Dividend), `10.6165 (Annual Dividend), `17.6321 (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

Total Security Value(Rs. In Lacs)

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

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

^^Includes Securities Below Investment grade or Default






Scheme Returns (%)

Nifty Medium Duration Index Returns (%)

Alpha

Nifty Medium Duration Index ( )#`



Since Inception 5 years 3 years 1 year

7,70,000 6,00,000 3,60,000 1,20,000

9,78,994 7,14,991 3,99,171 1,25,115

7.39 6.95 6.83 8.02

9.45 9.65 11.20 14.79

-2.07 -2.70 -4.37 -6.77

10,47,025 7,64,822 4,25,691 1,29,350

10,19,741 7,45,714 4,21,143 1,26,554

8.64 8.63 10.47 10.31

Total -

53.8 21.78 20.412.93

1.08

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


0.00 0.00 4427.34

50.54 44.734.32

0.41

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

38

Debt Instruments


Corporate Debt/

Financial Institutions Coastal Gujarat Power Ltd.

( Guarenteed by TATA

Power Co. Ltd ) CARE AA(CE) 6.21

HDFC Ltd. CRISIL AAA 3.54

ICICI Bank Ltd.(^)

(Basel III Tier I Bonds) CRISIL AA+ 2.43

Sikka Ports & Terminals Ltd.

( Mukesh Ambani Group ) CRISIL AAA 1.82

Jamnagar Utilities & Power

Private Limited

( Mukesh Ambani Group ) CRISIL AAA 0.74



Public Sector

Undertakings

Power Finance



Corporation Ltd.(^) CRISIL AAA 8.32

Indian Railway Finance

Corporation Ltd.(^) CRISIL AAA 7.07

Bank Of Baroda

(Basel III Tier I Bonds) CRISIL AA+ 6.57

National Bank for Agriculture

& Rural Development ICRA AAA 1.70

Union Bank of India

(Basel III Tier I Bonds) FITCH IND AA 1.24

National Highways

Authority Of India(^) CRISIL AAA 1.11

Public Sector


Government

Dated Securities




6.44% State

Government-Maharashtra SOV 3.66

6.12% State

Government-Karnataka SOV 3.43


Government Dated


Triparty Repo 4.32

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


Average Maturity

Modified Duration

Portfolio Yield

7.87 yrs

5.58 yrs

6.61%

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: `1,488.46 crs

AUM: `1,458.23 crs

Benchmark: Nifty Composite Debt Index


Folio count: 17,383



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 Jul 2020 is 6.60% of the net assets.Kotak Dynamic Bond Fund NAV as on : `28.3417 (Growth Option), `29.6939 (Direct Growth Option), `11.3249 (Quarterly Dividend), `11.1267 (Direct Quarterly Dividend), `21.7514 (Regular Monthly July 31, 2020Dividend), ̀ 22.386 (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 ( )#`




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

26,89,576 19,79,935 11,93,794 7,74,332 4,26,851 1,28,524

9.40 9.67 9.88 10.14 11.39 13.47

8.91 9.15 9.47 9.59 11.33 14.27

0.50 0.52 0.41 0.55 0.05 -0.80

25,83,721 19,12,114 11,67,704 7,57,906 4,22,730 1,27,675

22,94,207 17,38,490 10,84,633 7,17,078 4,02,238 1,24,468

6.99 7.20 7.19 7.07 7.34 7.00


78.82 16.454.32

0.41

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.Available Plans/OptionsA) Regular Plan B) Direct PlanOptions: Dividend Payout, Dividend Reinvestment & Growth (applicable for all plans)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. 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 & aboveLoad 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: NilNote: 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.Total Expense Ratio**Regular: 1.91%; Direct: 0.80%

Average Maturity

Modified Duration

Macaulay Duration

9.51 yrs6.58 yrs

6.84 yrs

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


Corporate Debt/


Muthoot

Finance Ltd. CRISIL AA 2.20

Bahadur Chand Investments

Private Limited ICRA AA 2.16


20-06-2022 - (C)(Mobil


Hindalco Industries Ltd. CRISIL AA 0.02



Public Sector

Undertakings



Canara Bank

(Basel III TIER II Bonds) FITCH IND AAA 8.07

Power Finance


Bank Of Baroda

(Basel III TIER I bonds) CRISIL AA+ 2.83

Punjab National Bank

(Basel III TIER II Bonds) CRISIL A+ 1.87

Export-Import Bank

of India CRISIL AAA 1.81

Bank Of Baroda

(Basel III TIER II Bonds) FITCH AAA(IND) 1.51

Punjab National Bank

(Basel III TIER II Bonds) ICRA A+ 1.09


( Guaranteed By UP

State Government ) CRISIL A+(CE) 0.29

National Highways

Authority Of India CRISIL AAA 0.12

Public Sector


Government

Dated Securities

6.19%

Central Government SOV 34.25

5.79%


7.57%


6.79%


1.44%


Government Dated


Triparty Repo 2.05

Net Current Assets/

(Liabilities) 1.40

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`1,582.08

AUM: `1,398.89 crs

Benchmark: NIFTY Medium to Long Duration Debt Index


Folio count: 4,472



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.Kotak Bond Fund NAV as on July 31, 2020: ̀ 59.5064 (Growth Option), ̀ 63.4103 (Direct Growth Option), ̀ 12.7168 (Quarterly Dividend), ̀ 17.1618 (Direct Quarterly Dividend), ̀ 36.4575 (Annual Dividend), ̀ 22.8396 (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 ( )#`




24,90,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000

64,87,328 18,60,496 11,43,856 7,49,993 4,23,553 1,28,762

8.42 8.49 8.68 8.86 10.86 13.86

NA 9.06 9.47 9.58 11.46 14.93

NA -0.57 -0.79 -0.72 -0.61 -1.08

NA 19,03,075 11,67,776 7,57,674 4,23,490 1,28,022

NA 18,23,649 11,42,467 7,45,714 4,21,143 1,26,554

NA 8.11 8.65 8.63 10.47 10.31

Portfolio Yield 6.43%

58.77 37.782.05

1.40

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

86.09 7.21 3.25 2.05 1.40

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



98.71 7.56-6.27

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

$Source: ICRAMFI Explorer. Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns. Minimum Investment AmountInitial Investment: `5000 and in multiple of `1 for purchase and for ̀ 0.01 for switchesAdditional Investment: ̀ 1000 & in multiples of ̀ 1Ideal Investments Horizon: 1 year & aboveLoad 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) Total Expense Ratio**Regular: 1.46%; Direct: 0.45%

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

GovernmentDated Securities 6.19% CentralGovernment SOV 49.755.79% CentralGovernment SOV 18.516.79% CentralGovernment SOV 11.487.57% CentralGovernment SOV 9.76

5.77% CentralGovernment SOV 9.21Government DatedSecurities - Total 98.71Triparty Repo 7.56Net Current Assets/(Liabilities) -6.27Grand Total 100.00


Low

Medium

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

KOTAK GILT FUND

Fund Manager: Mr. Abhishek Bisen*

AAUM: crs`912.11

AUM: `969.12 crs

Benchmark: Nifty All Duration G-Sec Index

Allotment date: Regular Plan - December 29, 1998;

PF & Trust Plan - November 11, 2003

Folio count: 3,844

Product Label

Riskometer



ALLOCATION (%)

RATING PROFILE (%)

Kotak Gilt Fund NAV as on July 31, 2020: ̀ 74.4791 (Regular-Growth), ̀ 80.3237 (Regular-Growth-Direct), ̀ 14.7437 (Quarterly-Dividend), ̀ 18.1405 (Quarterly-Dividend Direct), ̀ 76.1967 (PF & Trust-Growth), ̀ 82.263 (PF & Trust-Growth Direct), ̀ 12.0596 (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

$Standard DeviationA)Regular PlanB) PF & Trust Plan

3.65%3.65%

Modified Duration

Portfolio Yield

8.05 yrs

5.91%


98.71 7.56-6.27

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


AU Small Finance Bank Ltd. 0.02AXIS Bank Ltd. 0.92AXIS Finance Ltd. 0.32Aarish 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. 0.53Bahadur Chand Investments Private Limited 0.27Bajaj Finance Ltd. 1.13Bajaj Housing Finance Ltd. 0.66Bank Of Baroda 0.86Bharat Petroleum Corporation Ltd. 0.45Bharti Airtel Ltd. 0.39Bharti Telecom Ltd. 0.68Bhopal Dhule Transmission Company Ltd. ( Operational power transmission project ) 0.16Birla Corporation Ltd. 0.04Can Fin Homes Ltd. 0.13Canara Bank 0.39Central Government 20.28Chambal Fertilisers & Chemicals Ltd. 0.27Chennai Petroleum Corporation Ltd. 0.54Coastal Gujarat Power Ltd. ( Guarenteed by TATA Power Co. Ltd ) 0.31Dalmia Cement (Bharat) Ltd 0.06Deutsche Investments India Pvt. Ltd. 0.04Divyesh 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 0.20Elena 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 1.23First Business Receivables Trust ( Originator Reliance Industries Ltd ) 0.35Food Corporation of India (Guaranteed by Govt of India) 0.27Fullerton India Credit Co. Ltd. 0.21Future Lifestyle Fashions Ltd. 0.09Godrej Properties Limited 0.20Grasim Industries Ltd. 0.27HDB Financial Services Ltd. 1.34HDFC Bank Ltd. 0.06HDFC Ltd. 4.91HPCL Mittal Energy Ltd. 0.08Hero FinCorp Ltd. 0.22Hindalco Industries Ltd. 0.00Hindustan Petroleum Corporation Ltd. 0.05Hindustan Zinc Ltd. 0.44ICICI Bank Ltd. 0.35ICICI Home Finance Company Limited 0.02ICICI Securities Limited 0.09IIFL Home Finance Ltd. 0.11IIFL Wealth Finance Ltd. 0.09IOT Utkal Energy Services Ltd. 0.01Indian Bank 0.17Indian Oil Corporation Ltd. 0.93Indian Railway Finance Corporation Ltd. 0.48Indostar Capital Finance Limited 0.13IndusInd Bank Ltd. 0.51JM Financial Credit Solutions Ltd. 0.02JM Financial Products Limited 0.14Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) 0.48Kotak Mahindra Investments Ltd. 0.23Kotak Mahindra Prime Ltd. 0.74L & T Finance Ltd. 0.03L & T Housing Finance Ltd. 0.09L & T Infrastructure Finance Company Ltd. 0.48LIC Housing Finance Ltd. 3.14Larsen and Toubro Ltd. 0.40Mahindra & Mahindra Financial Services Ltd. 1.07Manappuram Finance Ltd. 0.45Mobil Trust Series - 07 ( Originator Shriram City Union Finance Ltd ) 0.11Mobil Trust Series - 08 ( Originator Shriram City Union Finance Ltd ) 0.03Motilal Oswal Financial Services Limited 0.09Muthoot Finance Ltd. 1.08NHPC Ltd. 0.00Nabha Power Ltd. ( Guaranteed by Larsen & Toubro Ltd ) 0.80National Bank for Agriculture & Rural Development 5.33National Highways Authority Of India 0.26National Housing Bank 0.72

41

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

Issuer Name %age of Exposure to Debt AUM $

Issuer Name

Industry / Sector %age of Exposure to Debt AUM $BANK 5.36CASH (TREP/REVERSE REPO) 5.57CORPORATES 20.61FINANCIAL SERVICES 28.24GOI/TBILLS 30.12NBFC 10.10Total 100.00

42

%age of Exposure to Debt AUM $

National Thermal Power Corporation Ltd. 1.86Network18 Media & Investments Ltd. 0.05Nuvoco Vistas Corporation Ltd. 0.09ONGC Manglore Petrochemicals Ltd. 0.09ONGC Petro Additions Ltd. 0.19Punjab National Bank 0.74PNB Gilts Ltd. 0.09PNB Housing Finance Ltd. 0.09Power Finance Corporation Ltd. 3.98Power Grid Corporation of India Ltd. 0.09Pratyash 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 0.33Reliable Devices Trust ( Underlying customer Reliance Retail ) 0.39Reliance Industries Ltd. 3.26Reliance Jio Infocomm Ltd. 2.44Rent A Device Trust ( Underlying customer Reliance Retail ) 0.44Rural Electrification Corporation Ltd. 4.79SEI 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 ) 0.06Shreyas 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. 0.06Shriram Transport Finance Co Ltd. 0.07Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) 0.45Small Industries Development Bank Of India 0.63Standard Chartered Investment & Loan India Ltd. 0.09State Bank Of India. 0.47State Government 9.84Steel Authority of India Ltd. 0.45Sundaram Home Finance Ltd 0.16Sundaram Finance Ltd. 0.41TREP/REVERSE REPO 5.57Talwandi Sabo Power Ltd. (Guaranteed by Vedanta Ltd.) 0.31Tata Capital Financial Services Limited 0.58Tata Capital Housing Finance Ltd. 0.58Tata Motors Finance Ltd. 0.54Tata Motors Finance Solutions Ltd. 0.14Tata Motors Ltd. 0.07Tata Power Company Ltd. 0.41Tata Projects Ltd. 0.18Tata Sons Private Ltd. 0.47Tata Steel Ltd. 1.09The Indian Hotels Company Ltd. 0.05U P Power Corporation Ltd ( Guaranteed By UP State Government ) 0.65Union Bank of India 0.55Vedanta Ltd. 0.00Vizag 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.

www.kotakmf.com/creditbrief/

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.

Total Expense Ratio**Regular:0.75%; Direct: 0.34%


Mutual Fund Units

Kotak Equity Opportunities

Fund Direct Growth Equity Scheme 32.75


Direct Growth Equity Scheme 19.46

Kotak Corporate Bond Fund

Direct Growth Debt Scheme 17.90





Kotak Infrastructure & Economic

Reform Fund Direct Growth Equity Scheme 2.52

Kotak Mahindra Liquid Fund

Direct Plan Growth Debt Scheme 2.13

Mutual Fund Units - Total 97.37

Triparty Repo 2.42

Net Current Assets/

(Liabilities) 0.21

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: `54.70 crsAUM: `56.10 crsBenchmark: NIFTY 50 Hybrid Composite Debt 50:50 Index Allotment date: August 9, 2004Folio count: 3,533

Kotak Asset Allocator Fund NAV as on July 31, 2020: ̀ 90.089 (Dividend Option), ̀ 94.289 (Direct Dividend Option), ̀ 92.551 (Growth Option), ̀ 96.017 (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

97.372.42

0.21

Unrated TREP & Term Deposits & Rev.Repo 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 98.84

Mutual Fund Units - Total 98.84

Triparty Repo 1.71

Net Current Assets/

(Liabilities) -0.55

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 July 31, 2020: ̀ 18.434 (Dividend Option), ̀ 19.573 (Direct Dividend Option), ̀ 18.432 (Growth Option), ̀ 19.49 (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: `88.84 crsAUM: `90.24 crsBenchmark: MSCI Emerging Market indexAllotment date: September 26, 2007Folio count: 20,060


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Product Label

Riskometer


44

98.84 1.71-0.55

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

Kotak Gold ETF NAV as on July 31, 2020: `467.6822*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 98.61

Equity & Equity


Net Current Assets/

(Liabilities) 1.39

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: `1,195.64 crs AUM: `1,352.64 crsBenchmark: Price of GoldAllotment date: July 27, 2007Folio count: 40,052



45

98.61 1.39

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:

26.08%

0.09%





HDFC Ltd. Finance 6.56

Tata Consultancy





ITC Ltd. Consumer Non Durables 3.61





Maruti Suzuki


Asian Paints Ltd. Consumer Non Durables 1.65

HCL Technologies Ltd. Software 1.63

State Bank Of India Banks 1.56


Mahindra & Mahindra Ltd. Auto 1.24

Sun Pharmaceuticals

Industries Ltd. Pharmaceuticals 1.22

Dr Reddys Laboratories Ltd Pharmaceuticals 1.17


HDFC Standard Life


Power Grid Corporation

Of India Ltd Power 0.97


Titan Company Ltd. Consumer Durables 0.93



Tech Mahindra Ltd. Software 0.90

Wipro Ltd. Software 0.89


Bajaj Finserv Ltd. Finance 0.80

Cipla Ltd. Pharmaceuticals 0.78

Hero MotoCorp Ltd. Auto 0.74

Bharat Petroleum

Corporation Ltd. Petroleum Products 0.71

IndusInd Bank Ltd. Banks 0.67


Eicher Motors Ltd Auto 0.61

Oil & Natural Gas

Corporation Ltd. Oil 0.61

Coal India Ltd. Minerals/Mining 0.58

Tata Steel Limited. Ferrous Metals 0.58

UPL Ltd Pesticides 0.56

Grasim Industries Ltd. Cement 0.53

Hindalco Industries Ltd Non - Ferrous Metals 0.51

Adani Port and Special

Economic Zone Limited Transportation 0.50

Indian Oil

Corporation Ltd Petroleum Products 0.48

JSW Steel Ltd. Ferrous Metals 0.48

Tata Motors Ltd. Auto 0.40

GAIL (India) Ltd. Gas 0.38

Bharti Infratel Ltd. Telecom - Equipment &

Accessories 0.35

Zee Entertainment

Enterprises Ltd Media and Entertainment 0.27

Equity & Equity


Net Current Assets/

(Liabilities) 0.35

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: `1,084.81 crs AUM: `1,098.24 crsBenchmark: Nifty 50 TRIAllotment date: February 2, 2010Folio count: 12,032


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately


Kotak Nifty ETF NAV as on July 31, 2020: ̀ 115.1319*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

22.87 16.05 15.1411.67

10.165.59

3.172.84

2.382.16

7.97

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:

21.67%

0.11%





HDFC Ltd. Finance 7.57

Tata Consultancy




Kotak Mahindra


ITC Ltd. Consumer Non Durables 4.09




Maruti Suzuki



Asian Paints Ltd. Consumer Non Durables 1.91

HCL Technologies Ltd. Software 1.89



Mahindra & Mahindra Ltd. Auto 1.43

Sun Pharmaceuticals

Industries Ltd. Pharmaceuticals 1.42


Titan Company Ltd. Consumer Durables 1.08

Power Grid Corporation

Of India Ltd Power 1.04

Tech Mahindra Ltd. Software 1.04


Bajaj Finserv Ltd. Finance 0.93




Tata Steel Limited. Ferrous Metals 0.68

Oil & Natural Gas

Corporation Ltd. Oil 0.61

Equity & Equity


Net Current Assets/

(Liabilities) 0.38

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 13.21AUM: `13.35 crsBenchmark: S&P BSE SENSEX TRIAllotment date: June 6, 2008Folio count: 1,239


yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately


Kotak Sensex ETF NAV as on July 31, 2020: ̀ 390.1539*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

25.46 17.78 16.1812.34

10.484.45

3.292.75

1.951.42

3.90

Banks Software Petroleum Products Consumer Non Durables 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 2.10

Federal Bank Ltd. Banks 1.63

RBL Bank Ltd Banks 1.19

Bank Of Baroda Banks 0.85

IDFC First Bank Limited Banks 0.85

Punjab National Bank Banks 0.64

Equity & Equity


Net Current Assets/

(Liabilities) 0.04

Grand Total 100.00

Portfolio Turnover:

Tracking Error:

80.83%

0.36%


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 July 31, 2020: ̀ 218.5685*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: `4,714.58 crs AUM: `4,629.21 crsBenchmark: Nifty Bank Index TRIAllotment date: December 04, 2014Folio count: 18,440

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:

83.66%

0.27%





Bank Of Baroda Banks 17.34

Punjab National Bank Banks 12.98

Canara Bank Banks 11.61

Union Bank Of India Banks 6.94

Bank of India Banks 6.33

Indian Bank Banks 2.71

Indian Overseas Bank Banks 2.54

Central Bank Of India Banks 2.30

UCO Bank Banks 2.08

Bank of Maharashtra Banks 1.59

The Jammu and Kashmir


Equity & Equity


Net Current Assets/

(Liabilities) -0.01

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: `25.17 crs AUM: `24.59 crsBenchmark: Nifty PSU Bank TRIAllotment date: November 8, 2007Folio count: 3,102



PORTFOLIO



yletaredo

M

Moderate

Low

High

Low

High

LOW HIGH

Moderately

Product Label

Riskometer

Kotak PSU Bank ETF NAV as on July 31, 2020: ̀ 139.1259*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

100.01-0.01

Banks Net Current Assets

4550

Scheme Performances as on July 31, 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 16.95% 13.88% 3.07% 14.15% 1,20,606 79,044 82,021

Last 1 Year 5.25% 0.79% 4.46% 0.68% 10,525 10,079 10,068

Last 3 Years 2.32% 2.84% -0.52% 4.46% 10,713 10,876 11,400

Last 5 Years 6.91% 6.34% 0.57% 6.66% 13,973 13,602 13,811

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 11.91% 9.27% 2.64% 9.22% 34,054 26,261 26,139

Last 1 Year -0.27% 0.79% -1.06% 0.68% 9,973 10,079 10,068

Last 3 Years 2.22% 2.84% -0.62% 4.46% 10,682 10,876 11,400

Last 5 Years 7.19% 6.34% 0.85% 6.66% 14,154 13,602 13,811

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 10.42% 10.47% -0.05% 9.59% 37,543 37,775 33,968

Last 1 Year 3.99% -1.85% 5.84% 0.68% 10,399 9,815 10,068

Last 3 Years 0.36% -4.85% 5.21% 4.46% 10,109 8,613 11,400

Last 5 Years 6.53% 3.55% 2.99% 6.66% 13,728 11,905 13,811

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 18.51% 15.98% 2.53% 16.18% 1,95,116 1,33,812 1,37,976

Last 1 Year 4.62% 0.68% 3.94% 1.47% 10,462 10,068 10,147

Last 3 Years 3.04% 4.46% -1.42% 6.20% 10,941 11,400 11,980

Last 5 Years 5.50% 6.66% -1.17% 7.33% 13,071 13,811 14,245

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 13.23% 9.77% 3.46% 12.93% 68,113 42,197 65,408

Last 1 Year 5.09% -8.20% 13.29% 0.68% 10,509 9,180 10,068

Last 3 Years -2.73% -12.77% 10.05% 4.46% 9,204 6,634 11,400

Last 5 Years 4.41% -1.64% 6.04% 6.66% 12,408 9,207 13,811

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 4.24% -1.40% 5.64% 7.55% 16,755 8,389 24,720

Last 1 Year -12.87% -11.73% -1.14% 0.68% 8,713 8,827 10,068

Last 3 Years -7.02% -8.49% 1.46% 4.46% 8,036 7,662 11,400

Last 5 Years 0.77% -2.44% 3.21% 6.66% 10,393 8,839 13,811

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 1.32% 1.90% -0.58% 4.14% 10,326 10,470 11,041

Last 1 Year 15.94% 0.79% 15.15% 0.68% 11,594 10,079 10,068

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 -0.74% 0.62% -1.36% 2.51% 9,836 10,137 10,564

Last 1 Year 11.87% 0.79% 11.08% 0.68% 11,187 10,079 10,068

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 10.44% 11.24% -0.80% 11.70% 43,047 47,877 50,860

Last 1 Year 1.07% 0.98% 0.09% 0.68% 10,107 10,098 10,068

Last 3 Years 1.90% 2.08% -0.18% 4.46% 10,580 10,637 11,400

Last 5 Years 5.80% 6.17% -0.37% 6.66% 13,260 13,492 13,811Scheme 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 11.46% 12.59% -1.13% 12.35% 51,016 59,394 57,537

Last 1 Year 1.32% 1.10% 0.22% 0.68% 10,132 10,110 10,068

Last 3 Years 4.32% 3.76% 0.56% 4.46% 11,355 11,172 11,400

Last 5 Years 6.78% 6.70% 0.08% 6.66% 13,889 13,835 13,811

Kotak Tax SaverFund - Growth




Since Inception 3.75% -1.62% 5.37% -3.40% 10,731 9,691 9,358

Last 1 Year 6.17% 0.68% 5.49% 0.79% 10,617 10,068 10,079

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 6.75% 7.03% -0.28% -0.11% 11,391 11,450 9,978

Last 1 Year 8.74% 8.06% 0.68% 0.68% 10,874 10,806 10,068

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 7.27% NA NA 11.57% 28,343 NA 50,835

Last 1 Year 4.85% 3.12% 1.73% 0.68% 10,485 10,312 10,068

Last 3 Years 5.88% 4.67% 1.22% 4.46% 11,873 11,468 11,400

Last 5 Years 6.05% 5.12% 0.93% 6.66% 13,416 12,840 13,811

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 7.29% 7.31% -0.02% 6.15% 32,509 32,592 27,172

Last 1 Year 5.11% 5.15% -0.04% 7.24% 10,511 10,515 10,724

Last 3 Years 6.45% 6.42% 0.03% 7.05% 12,065 12,055 12,270

Last 5 Years 6.83% 6.73% 0.10% 7.04% 13,917 13,852 14,055Scheme 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 7.34% 6.35% 0.99% 7.35% 15,084 14,296 15,088

Last 1 Year 6.41% 3.48% 2.93% 0.68% 10,641 10,348 10,068

Last 3 Years 5.72% 5.04% 0.68% 4.46% 11,819 11,592 11,400

Last 5 Years 6.73% 5.84% 0.89% 6.66% 13,855 13,285 13,811

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 6.05% 7.85% -1.80% 6.37% 14,009 15,430 14,257

Last 1 Year 1.78% 6.21% -4.43% 0.68% 10,178 10,621 10,068

Last 3 Years 1.63% 6.63% -4.99% 4.46% 10,499 12,125 11,400

Last 5 Years 5.51% 8.07% -2.55% 6.66% 13,081 14,745 13,811

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

Kotak Focused Equity Fund - Growth

Since Inception 1.04% -3.85% 4.90% -3.69% 10,109 9,598 9,615

Last 1 Year 0.86% 0.79% 0.07% 0.68% 10,086 10,079 10,068

Kotak FocusedEquity Fund - Growth

Nifty 50 TRI## Nifty 50 TRI##

Scheme Inception date is 16/07/2019. Mr. Harish Krishnan & Ms. Shibani Kurian has been managing the fund since 16/07/2019.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.

ALPHANifty 200 TRI#Kotak Focused

Equity Fund - Growth Nifty 200 TRI#

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 7.64% NA NA 6.71% 49,083 NA 40,635

Last 1 Year 11.34% 11.07% 0.27% 7.24% 11,134 11,107 10,724

Last 3 Years 8.87% 8.83% 0.04% 7.05% 12,907 12,892 12,270

Last 5 Years 8.93% 9.07% -0.14% 7.04% 15,341 15,440 14,055

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 7.84% 8.45% -0.61% 6.62% 25,527 27,372 22,160

Last 1 Year 9.11% 7.69% 1.42% 7.24% 10,911 10,769 10,724

Last 3 Years 7.85% 7.55% 0.30% 7.05% 12,548 12,443 12,270

Last 5 Years 8.17% 7.70% 0.47% 7.04% 14,815 14,498 14,055

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 7.87% 8.03% -0.16% 6.15% 39,873 40,987 29,727

Last 1 Year 10.67% 10.37% 0.31% 7.24% 11,067 11,037 10,724

Last 3 Years 8.13% 8.21% -0.08% 7.05% 12,645 12,674 12,270

Last 5 Years 8.27% 8.38% -0.12% 7.04% 14,881 14,962 14,055

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 7.75% 8.12% -0.37% 6.25% 32,937 34,797 26,347

Last 1 Year 7.08% 6.78% 0.30% 7.24% 10,708 10,678 10,724

Last 3 Years 7.26% 7.49% -0.23% 7.05% 12,341 12,421 12,270

Last 5 Years 7.51% 7.59% -0.08% 7.04% 14,369 14,420 14,055


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 7.40% 7.55% -0.15% 6.13% 33,799 34,636 27,608

Last 1 Year 6.91% 6.17% 0.73% 7.24% 10,691 10,617 10,724

Last 3 Years 7.47% 6.91% 0.56% 7.05% 12,416 12,223 12,270

Last 5 Years 7.47% 7.17% 0.30% 7.04% 14,343 14,144 14,055

ALPHA

54

Kotak Corporate Bond Fund - Growth


Kotak Corporate BondFund - Growth

CRISIL CorporateBond Composite Index#

CRISIL 1 Year TBill##

Since Inception 8.37% 9.67% -1.29% 6.58% 28,149 32,796 22,707

Last 1 Year 10.30% 12.90% -2.60% 7.24% 11,030 11,290 10,724

Last 3 Years 8.63% 8.50% 0.13% 7.05% 12,823 12,776 12,270

Last 5 Years 8.58% 9.36% -0.78% 7.04% 15,102 15,652 14,055

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 8.35% 9.49% -1.14% 9.05% 16,659 17,811 17,359

Last 1 Year 8.01% 12.94% -4.93% 7.72% 10,801 11,294 10,772

Last 3 Years 6.14% 8.69% -2.55% 6.85% 11,961 12,844 12,203

Last 5 Years 7.55% 9.06% -1.51% 8.40% 14,393 15,437 14,974

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 9.00% NA NA NA 59,506 NA NA

Last 1 Year 10.87% 12.40% -1.54% 7.72% 11,087 11,240 10,772

Last 3 Years 7.39% 8.49% -1.10% 6.85% 12,388 12,773 12,203

Last 5 Years 8.27% 9.13% -0.87% 8.40% 14,883 15,489 14,974

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 8.21% 9.29% -1.08% 6.89% 22,426 24,821 19,770

Last 1 Year 7.17% 9.88% -2.71% 7.24% 10,717 10,988 10,724

Last 3 Years 6.76% 8.18% -1.42% 7.05% 12,171 12,662 12,270

Last 5 Years 7.83% 8.90% -1.07% 7.04% 14,584 15,323 14,055

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 8.92% 8.75% 0.17% 6.62% 28,342 27,807 21,849

Last 1 Year 10.92% 11.97% -1.04% 7.24% 11,092 11,197 10,724

Last 3 Years 9.21% 8.61% 0.60% 7.05% 13,027 12,815 12,270

Last 5 Years 9.91% 9.15% 0.76% 7.04% 16,049 15,500 14,055

ALPHA


Kotak Floating Rate Fund - Growth

Kotak Floating RateFund - Growth

NIFTY Ultra ShortDuration Debt Index

CRISIL 1 YearTBill

CRISIL 1 YearTBill

Since Inception 9.74% 7.14% 2.60% 7.47% 11,197 10,875 10,916

Last 1 Year 10.18% 6.78% 3.40% 7.24% 11,018 10,678 10,724

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 7.67% 8.52% -0.85% 6.03% 34,311 39,107 26,552

Last 1 Year 9.02% 11.54% -2.52% 7.72% 10,902 11,154 10,772

Last 3 Years 5.51% 8.27% -2.76% 6.85% 11,746 12,694 12,203

Last 5 Years 7.77% 9.35% -1.59% 8.40% 14,541 15,645 14,974

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 14.93% 11.64% 3.30% 14.44% 92,551 58,134 86,430

Last 1 Year 12.30% 8.06% 4.24% 1.47% 11,230 10,806 10,147

Last 3 Years 7.53% 7.32% 0.22% 6.20% 12,437 12,361 11,980

Last 5 Years 9.03% 8.49% 0.54% 7.33% 15,411 15,035 14,245

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 4.87% 4.33% 0.54% 7.75% 18,432 17,239 26,093

Last 1 Year 19.00% 13.14% 5.86% 0.68% 11,900 11,314 10,068

Last 3 Years 8.36% 5.71% 2.65% 4.46% 12,727 11,814 11,400

Last 5 Years 5.73% 6.97% -1.24% 6.66% 13,217 14,012 13,811

ALPHA

Kotak Overnight Fund - Growth

Kotak OvernightFund - Growth

NIFTY 1D RateIndex

CRISIL 1 YearTBill

CRISIL 1 YearTBill

Since Inception 4.81% 4.92% -0.11% 7.49% 10,752 10,770 11,179

Last 1 Year 4.15% 4.26% -0.11% 7.24% 10,415 10,426 10,724

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 7.82% 6.31% 1.51% 5.97% 35,227 27,839 26,367

Last 1 Year 10.09% 10.69% -0.60% 7.72% 11,009 11,069 10,772

Last 3 Years 8.02% 8.90% -0.87% 6.85% 12,609 12,917 12,203

Last 5 Years 9.27% 9.33% -0.06% 8.40% 15,587 15,629 14,974

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 9.74% NA NA NA 74,479 NA NA

Last 1 Year 10.09% 10.69% -0.60% 7.72% 11,009 11,069 10,772

Last 3 Years 8.02% 8.90% -0.87% 6.85% 12,609 12,917 12,203

Last 5 Years 9.25% 9.33% -0.08% 8.40% 15,571 15,629 14,974

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 13.67% 14.85% -1.18% 7.18% 53,061 60,701 24,677

Last 1 Year 48.28% 49.69% -1.41% 7.72% 14,828 14,969 10,772

Last 3 Years 21.80% 22.93% -1.13% 6.85% 18,078 18,588 12,203

Last 5 Years 15.46% 16.63% -1.17% 8.40% 20,536 21,596 14,974

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 8.16% 9.56% -1.40% 9.94% 22,790 26,087 27,044

Last 1 Year 0.24% 0.68% -0.44% 1.47% 10,024 10,068 10,147

Last 3 Years 4.21% 4.46% -0.25% 6.20% 11,320 11,400 11,980

Last 5 Years 5.95% 6.66% -0.71% 7.33% 13,357 13,811 14,245

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 7.88% 9.06% -1.17% 8.75% 25,158 28,698 27,728

Last 1 Year 1.12% 1.47% -0.35% 0.68% 10,112 10,147 10,068

Last 3 Years 5.90% 6.20% -0.30% 4.46% 11,880 11,980 11,400

Last 5 Years 6.49% 7.33% -0.84% 6.66% 13,697 14,245 13,811

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 3.03% 3.45% -0.43% 6.44% 11,833 12,113 14,226

Last 1 Year -26.03% -24.91% -1.12% 0.68% 7,397 7,509 10,068

Last 3 Years -5.17% -4.55% -0.62% 4.46% 8,527 8,695 11,400

Last 5 Years 2.94% 3.44% -0.50% 6.66% 11,563 11,846 13,811

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 -5.65% -4.19% -1.45% 6.61% 4,770 5,795 22,610

Last 1 Year -48.97% -48.69% -0.28% 0.68% 5,103 5,131 10,068

Last 3 Years -28.06% -27.60% -0.47% 4.46% 3,719 3,792 11,400

Last 5 Years -16.76% -15.90% -0.86% 6.66% 3,993 4,203 13,811

ALPHA

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 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 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 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 Focused Equity Fund - Growth, *Name of the Benchmark - Nifty 200 TRI, Scheme Inception date is 16/07/2019. Mr. Harish Krishnan & Ms. Shibani Kurian has been managing the fund since 16/07/2019.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 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.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 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.

Scheme Names




SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


5.09 -8.20 -2.73 -12.77 4.41 -1.64 13.23 9.77

3.99 -1.85 0.36 -4.85 6.53 3.55 10.42 10.47

1.78 6.21 1.63 6.63 5.51 8.07 6.05 7.85

57

Kotak India Growth Fund - Series 5 - Growth 11.87 0.79 NA NA NA NA -0.74 0.62

8.74 8.06 NA NA NA NA 6.75 7.03

6.41 3.48 5.72 5.04 6.73 5.84 7.34 6.35 4.62 0.68 3.04 4.46 5.50 6.66 18.51 15.98

0.86 0.79 NA NA NA NA 1.04 -3.85

-12.87 -11.73 -7.02 -8.49 0.77 -2.44 4.24 -1.40

5.25 0.79 2.32 2.84 6.91 6.34 16.95 13.88

1.07 0.98 1.90 2.08 5.80 6.17 10.44 11.24

-0.27 0.79 2.22 2.84 7.19 6.34 11.91 9.27


Scheme Names

Kotak Gold ETF

Kotak Gold Fund - Growth

Kotak Bond Fund - Growth


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


SchemeReturns(%)^


Top 3

Bottom 3

Name: Mr. Abhishek BisenMr. Abhishek Bisen 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 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).

53.12 49.69 22.59 22.93 15.42 16.63 8.89 10.47

48.28 49.69 21.80 22.93 15.46 16.63 13.67 14.85

10.87 12.40 7.39 8.49 8.27 9.13 9.00 NA

8.74 8.06 NA NA NA NA 6.75 7.03

6.41 3.48 5.72 5.04 6.73 5.84 7.34 6.35

1.78 6.21 1.63 6.63 5.51 8.07 6.05 7.85Kotak Equity Hybrid - Growth



Kotak Bluechip Fund - Growth

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

Kotak Infrastructure and EconomicReform Fund - Growth

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 Money Market Fund - Growth

Top 3

Bottom 3

Kotak Banking and PSU Debt Fund - Growth

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 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 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 Money Market Fund - Growth, *Name of the Benchmark - NIFTY Money Market Index, Scheme Inception date is 14/07/2003. Mr. Deepak Agrawal has been managing the fund since 01/11/2006.

Kotak 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.

55

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 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 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 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.

11.34 11.07 8.87 8.83 8.93 9.07 7.64 NA

10.92 11.97 9.21 8.61 9.91 9.15 8.92 8.75

10.67 10.37 8.13 8.21 8.27 8.38 7.87 8.03

6.91 6.17 7.47 6.91 7.47 7.17 7.40 7.55

5.11 5.15 6.45 6.42 6.83 6.73 7.29 7.31

4.15 4.26 NA NA NA NA 4.81 4.92

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

15.94 0.79 NA NA NA NA 1.32 1.90 12.30 8.06 7.53 7.32 9.03 8.49 14.93 11.64 9.02 11.54 5.51 8.27 7.77 9.35 7.67 8.52

0.24 0.68 4.21 4.46 5.95 6.66 8.16 9.56

-26.03 -24.91 -5.17 -4.55 2.94 3.44 3.03 3.45

-48.97 -48.69 -28.06 -27.60 -16.76 -15.90 -5.65 -4.19

58

Kotak Gold Fund - Growth, *Name of the Benchmark - Price of Gold, Scheme Inception date is 25/03/2011. Mr. Abhishek Bisen has been managing the fund since 04/03/2011.

Kotak Gold ETF, *Name of the Benchmark - Price of Gold, Scheme Inception date is 27/07/2007. Mr. Abhishek Bisen has been managing the fund since 15/04/2008. & Mr. Satish Dondapati has been managing the fund since 09/05/2019.

Kotak Bond Fund - Growth, *Name of the Benchmark - NIFTY Medium to Long Duration Debt Index, Scheme Inception date is 25/11/1999. Mr. Abhishek Bisen has been managing the fund since 01/04/2008.

Kotak 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 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 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.Kotak Focused Equity Fund - Growth, *Name of the Benchmark - Nifty 200 TRI, Scheme Inception date is 16/07/2019. Mr. Harish Krishnan & Ms. Shibani Kurian has been managing the fund since 16/07/2019.

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 6.17 0.68 NA NA NA NA 3.75 -1.62

1.32 1.10 4.32 3.76 6.78 6.70 11.46 12.59

0.86 0.79 NA NA NA NA 1.04 -3.85

Kotak Banking ETF


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.

48.28 49.69 21.80 22.93 15.46 16.63 13.67 14.85

5.62 8.86 8.81 10.15 NA NA 12.14 11.84

1.12 1.47 5.90 6.20 6.49 7.33 7.88 9.06

0.24 0.68 4.21 4.46 5.95 6.66 8.16 9.56

-26.03 -24.91 -5.17 -4.55 2.94 3.44 3.03 3.45

-48.97 -48.69 -28.06 -27.60 -16.76 -15.90 -5.65 -4.19

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 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 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 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.

8.74 8.06 NA NA NA NA 6.75 7.03

6.41 3.48 5.72 5.04 6.73 5.84 7.34 6.35

4.85 3.12 5.88 4.67 6.05 5.12 7.27 NA

Name: Mr. Arjun KhannaMr. Arjun Khanna manages 3 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.

19.00 13.14 8.36 5.71 5.73 6.97 4.87 4.33

12.30 8.06 7.53 7.32 9.03 8.49 14.93 11.64

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 `/UnitJul-27-20 10.7021 0.0097Jun-22-20 10.7134 0.028May-26-20 10.7468 0.0541Apr-27-20 10.7151 0.0275Mar-23-20 10.7522 0.0737Feb-24-20 10.7462 0.0416

Kotak Equity Arbitrage Fund - Monthly Dividend Option

60

Jul-27-20 23.0262 0.0311Jul-13-20 22.9951 0.01Jun-29-20 23.0686 0.0387Jun-15-20 23.0354 0.0055Jun-01-20 23.0876 0.0577May-18-20 23.074 0.0441

Kotak Equity Arbitrage Fund - Fortnightly Dividend Option

Record Date Cum Dividend NAV `/Unit

Kotak Equity Arbitrage Fund - Bimonthly Dividend

Jul-27-20 20.0187 0.0707May-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 0.1643


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



Jul-20-20 18.519 1.086Jul-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 0.5


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




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



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

Jul-13-20 11.2263 0.043Jun-12-20 10.9412 0.0398May-12-20 10.5888 0.0786Mar-12-20 10.6721 0.037Feb-12-20 11.6096 0.0386Jan-13-20 11.5748 0.0486


Kotak Equity Saving Fund - Quarterly Dividend

Jun-22-20 11.1034 0.221Dec-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 0.1341


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

Jun-12-20 13.671 0.068Dec-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 0.1053


Kotak Tax Saver Fund

Jun-12-20 15.531 0.155Mar-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 0.3276


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 `/UnitJul-13-20 11.7364 Individual/ HUF: 0.058 Others: 0.058Jun-12-20 11.4242 Individual/ HUF: 0.0562 Others: 0.0562May-12-20 11.1047 Individual/ HUF: 0.065 Others: 0.065

Kotak Debt Hybrid Fund - Monthly Dividend

Kotak Debt Hybrid Fund - Quarterly Dividend

Jun-22-20 13.1788 Individual/ HUF: 0.1749 Others: 0.1749Mar-20-20 12.4907 Individual/ HUF: 0.1857 Others: 0.172Dec-20-19 13.5893 Individual/ HUF: 0.1823 Others: 0.1688


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

Jul-13-20 10.403 Individual/ HUF: 0.2283 Others: 0.2283Jun-12-20 10.3002 Individual/ HUF: 0.1255 Others: 0.1255May-12-20 10.2466 Individual/ HUF: 0.0719 Others: 0.0719


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

Record Date Cum Dividend NAV `/UnitJul-13-20 10.3873 Individual/ HUF: 0.0543

Others: 0.0543

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

Kotak Dynamic Bond Fund - Quarterly Dividend



Kotak Savings Fund - Monthly Dividend


Jun-12-20 10.4812 Individual/ HUF: 0.0694 Others: 0.0694May-12-20 10.4747 Individual/ HUF: 0.079 Others: 0.079Apr-13-20 10.4436 Individual/ HUF: 0.0479 Others: 0.0479

Kotak Dynamic Bond Fund - Monthly Dividend


Jul-13-20 22.3881 Individual/ HUF: 0.6177 Others: 0.6177

Jun-12-20 22.1207 Individual/ HUF: 0.3503 Others: 0.3503May-12-20 22.1149 Individual/ HUF: 0.3445 Others: 0.3445

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



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 `/UnitJul-13-20 1063.655 Individual/ HUF: 19.5626 Others: 19.5626Jun-12-20 1055.654 Individual/ HUF: 13.5209 Others: 13.5209May-12-20 1055.5773 Individual/ HUF: 13.4445 Others: 13.4445


Kotak Corporate Bond Fund - Regular Quarterly Dividend


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

Jul-13-20 1084.858 Individual/ HUF: 3.869 Others: 3.869Apr-13-20 1025.252 Individual/ HUF: 0.4541 Others: 0.4541Mar-12-20 1026.844 Individual/ HUF: 0.3419 Others: 0.3166


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

Dhanbad: 9334235493

Durgapur: 0343-6456038/ 2544609

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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