Expert Speak 1 Market Overview 2 Equity Market Snapshot 3 Debt Market Snapshot 4

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2 INDEX Contents Page no. Expert Speak 1 Market Overview 2 Equity Market Snapshot 3 Debt Market Snapshot 4 Fund Name/ Name New SEBI scheme category Equity Funds Kotak Standard Multicap Fund (Erstwhile Kotak Select Focus) Multi Cap Fund 5 Kotak Emerging Equity Mid Cap Fund 6 Kotak Equity Opportunities Fund (Erstwhile Kotak Opportunities) Large & Mid Cap Fund 7 Kotak Bluechip Fund (Erstwhile Kotak Mahindra 50 Unit ) Large Cap Fund 8 Kotak Small Cap Fund (Erstwhile Kotak Midcap ) Small Cap Fund 9 Kotak Tax Saver ELSS 10 Kotak Infrastructure & Economic Reform Fund Sectoral/Thematic 11 Kotak India EQ Contra Fund (Erstwhile Kotak Classic Equity) Contra Fund 12 Kotak India Growth Fund Series 4 13 Kotak India Growth Fund Series 5 14 Kotak India Growth Fund Series 7 15 Hybrid Funds Kotak Equity Arbitrage Fund Arbitrage Fund 16 Kotak Balanced Advantage Fund Balanced Advantage 19 Kotak Equity Hybrid (Erstwhile Kotak Balance) Aggressive Hybrid Fund 22 Kotak Equity Savings Fund Equity Savings 23 Kotak Debt Hybrid (Erstwhile Kotak MIP) Conservative Hybrid Fund 26 Debt Funds Kotak Mahindra Liquid Liquid Fund 27 Kotak Bond Short Term Plan Short Duration Fund 28 Kotak Savings Fund (Erstwhile Kotak Treasury Advantage Fund) Ultra Short Duration Fund 29 Kotak Money Market (Erstwhile Kotak Floater Short Term ) Money Market Fund 30 Kotak Duration Fund Duration Fund 31 Kotak Credit Risk Fund (Erstwhile Kotak Income Opportunities Fund) Credit Risk Fund 32 Kotak Medium Term Fund Medium Duration Fund 34 Kotak Bond (Erstwhile Kotak Mahindra Bond Unit 99) Medium to Long Duration Fund 36 Kotak Corporate Bond Fund Corporate Bond Fund 37 Kotak Banking & PSU Debt Fund Banking & PSU Fund 38 Kotak Mahindra Gilt Unit 98 - Investment Plan Gilt Fund 39 Kotak Dynamic Bond Fund (Erstwhile Kotak Flexi Debt ) Dynamic Bond 40 Kotak Overnight Fund Overnight Fund 41 Exposure 42 Fund of Funds Kotak Asset Allocator Fund 44 Kotak US Equity Fund 45 Kotak Global Emerging Market Fund 46 Kotak World Gold Fund 47 ETF Funds Kotak Gold ETF 48 Kotak Nifty ETF 49 Kotak Sensex ETF 50 Kotak Banking ETF 51 Kotak PSU Bank ETF 52 Performance 53 About Our Fund Managers 60 Dividend History 62 How to read Fact Sheet 65

3 Expert Speak January 31, 2019 Dear Friends, The interim Union Budget is behind us now, and elections ahead of us. Pre-budget, the markets were jittery about the measures that government may take, and the hole that the fiscal deficit would have. But to its credit, the fiscal deficit has been kept largely in check. The budget has provided for direct income support to the farmers at one hand, and the income tax rebate to the middle class tax payers at another. Solely from financial standpoint, this dual income support to both rural and urban consumers may see the uptick in FMCG demand. While this may lead to some money circulation, the presently low inflation levels provides much headroom. The market focus would now move to the upcoming monetary policy. At the minimum, the market expects a benign policy stance by RBI. However, a rate cut too cannot be ruled out given the change in guard at the governor s post. Given the low inflation, high real interest rates (around 300 bps), and trust deficit in the NBFC sector, the case for rate cut exists. Having said that, the RBI may find it difficult to make a sudden shift from 2nd gear to immediate reverse (rate). In this context, a benign stance with guidance for future rate action would help soften the market mood. Also, debt market is also looking forward to government s borrowing liability and issuance calendar. The pressure of the off-budget borrowing size is playing on the investors mind. Monetary policy statement may help in resolving these concerns. Currently, the credit market is also concerned about the rumours floating regarding viability of some HFC(s). On our part we have done our due diligence and have obtained sufficient confidence in serviceability of exposures. We believe that the business model of these HFC(s) are robust and is supported by sustainable cash flow. At that, (at least in our case) the exposure to their issuances is of around 3-9 month maturities. This limits our credit and duration risk exposure. Having said that, the wide credit spreads presently available seem quite attractive from month horizon for aggressive credit investor. From the equity market stand point, the outlook surrounding the elections and the post-election polity has become crucial. For now, there is much wariness in the market about the upcoming general elections which may cause some volatility in the short term. Post elections, the market may be willing to pay premium for political stability. Other than that, the FII flows into Indian markets may also affect market trend. Eventually it is the outlook on the earnings growth which will drive the market sentiment for much of Taking a longer term view, the finance minister has stated that the Indian economy may reach US 5 trillion mark in five years, and reach US 10 trillion in next 8 years. In other words, if things go well, India would be adding US 8 trillion to its GDP in next 13 years. That I believe is a lot of growth opportunity. The size of how much you make out of this opportunity will depend on the quality of your investment decisions and perhaps a slice of luck. For now, an investor who is currently overweight on equities as an asset class can choose to invest through SIP in equities, or deploy the lumpsum into the BAF strategy. This mitigates risks effectively while does not risk losing out on any sudden change in upward momentum Wishing You the Very Best, Thanks and Regards, Nilesh Shah Managing Director 1 1

4 Market Overview Key Events for the Month of January 2019: Fiscal deficit has been pegged at 3.4% for and as mentioned in the Union Budget Headline CPI moderated to a 18 month low of 2.19% Trade deficit improved to a 10 month low of US 13.1 Bn due to a fall in gold imports. In November, the trade deficit was billion. GST Council doubled exemption limit and raised threshold for availing composition scheme providing relief to MSMEs. India's GDP is expected to grow at 7.3 % in the fiscal year , and 7.5 % in the following two years, the World Bank has forecast. The interim budget announced a tax rebate for those whose income is up to Rs.5,00,000. The standard deduction has been raised from Rs. 40,000 to Rs. 50,000. This comes as a small relief for salaried employees. Rs. 60,000cr has been allocated towards Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme. Market Valuation Indicators Sensex Above Fair Value Plus Range 12-month forward Sensex P/B (x) India s Market Cap to GDP (%) Sensex P/B (x) - LHS Average of 78% for the period Jan-91 Jan-92 Jan-93 Jan-94 Jan-95 Jan-96 Jan-97 Jan-98 Jan-99 Jan-00 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 Jan Source: Axis Capital Source: Axis Capital Market Equity Allocaion Bubble Stretched Fair Value Plus Fair Attractive Cheap Exit 5% - 10% Under Invest 15%- 25% Neutral - 35% - 45% Neutral 50% Neutral + 65% - 75% Over Invest 80% - 90% Suggested equity allocation (Assuming 50% equity allocation as neutral) Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun month forward Sensex P/E (x) Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 Stretched 20x - 24x Fair Value Plus 17x -20x May-17 Fair 13x - 17x Attractive 10x - 13x Cheap 8x - 10x Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Source: Axis Capital Jan-19 Strategy for Investments in the Current Scenario 2

5 Equity Market Snapshot After Strong Outperformance In Dec-18, Large UnderPerformance In Jan % 5% 0% -5% -10% US returns, MoM -15% Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 Oct-18 Jan-19 India's Performance World Relative Performance Source: Credit suisse, As on 31st Jan 2019 Revenue And Earnings Growth Good Start To Earnings Season (21 Companies In Nifty Reported So Far) Source: Bloomberg, UBS Estimates. Data as of 1st Feb 2019 Key Variables & their Impact On Equities Key Variables Short - term Medium - term Remarks Economy Corporate Earnings FII Flow DII Flow GST to aid formalization of economy and longer term growth Improving operating leverage, falling interest costs and improvement in working capital can accelerate earnings, but a bit back-ended. Key is improvement in capacity utilisation India stands out among global asset classes with prospects of strong long term growth. Long runaway of longer term growth in financial channelization of savings Supply of paper er disinvestment target and repair of leveraged balance sheet to create supply in markets. Policy/Reform Initiative Election heavy year can dampen near term outlook for meaningful reform Signifies growth 3

6 Debt Market Snapshot Items Jan-19 Dec-18 Change Reverse Repo 6.25% 6.25% Nil Repo 6.50% 6.50% Nil CRR 4.00% 4.00% Nil SLR 19.25% 19.50% -25 bps Mibor Overnight 6.50% 6.73% -23 bps Call(O/N) 6.38% 6.53% -15 bps CBLO 6.34% 6.35% -1 bps 1 yr T Bill 6.73% 6.92% -19 bps 10 G Sec 7.28% 7.37% -9 bps 5 Year AAA 8.59% 8.42% 17 bps USD/INR ` ` `1.24 Source: RBI; Bloomberg. CPI Inflation: Inflation remains benign & CPI remains below RBI's 4% target 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% CPI Core CPI 5.73% 2.19% Key Variables & their Impact On Interest Rates Key Variables Inflation Rupee Credit Demand Government Borrowing RBI Policy The CPI inflation hits to a 18-month low, eases to 2.19% in December 2018 from 2.3% in November 2018 The core CPI inflation was flat at 5.73% in December 2018 compared with 5.70% in November 2018 Inflation of food and beverages increased to (-) 1.49% in December 2018 from (-) 1.69% in November The urban CPI inflation moderated to 2.91% in December 2018 from 3.12% in November 2018 The rural CPI inflation weakened to 1.65% from 1.7% in November 2018 Source: RBI, Business Standard, Economic Times % Positive Real Interest Rates to Stimulate Financial Savings Jan-19 Oct-18 Jul-18 Apr-18 Jan-18 Oct-17 Jul-17 Apr-17 Jan-17 Oct-16 Jul-16 Apr-16 Jan-16 Oct-15 Jul-15 Apr-15 Jan-15 Oct-14 Jul-14 Apr-14 Jan-14 Oct-13 Jul-13 Apr-13 Jan-13 Oct-12 Jul-12 Apr-12 Earlier, negative real rates fueled inflation in physical assets as people chased assets such as real estate and gold till This can lead to healthy banks deposits and therefore lending to the formal sector Note: Monthly 10 year Gilt Yield taken as average of their respective month. Jan-19 CPI is assumed to be same as Dec-18 and Real Interest rate is calculated. Source: Bloomberg Short - term (3-6 months) Medium (6months term 2 years) 5.18 Remarks Inflation expected to remain benign over near & medium term. Thus, positive impact on interest rates. Inflation expected to remain range bound in the near term. It may gradually tend towards a relatively low depreciation that will affect the interest rates positively. Near term tight liquidity and demand for money may lead to widening for spreads. However in long term its likely to ease out as liquidity will ease from April. Budget announced additional borrowings for FY 19 and FY 20 Gross borrowing was also on higher side which will keep rates high. RBI is expected to be dovish thus will remain positive for short term rates. Global Event Risk Corporate bond Spread Debt FII flow Liquidity Denotes fall in interest rates 4 No immediate impact of global events on interest rates. Spreads are already wide. Gradually they are expected to narrow; having positive impact on interest rates. Currently no change in Fll flows impact on interest rate. As we get more clarity going forward, asp. post general election outcome, it may positively impact rates Central Bank likely to add liquidity in the near and medium term. Thus a positive impact on interest rates. 4

7 KOTAK STANDARD MULTICAP FUND (Erstwhile Kotak Select Focus) Multi cap fund - An open-ended equity scheme investing across large cap, mid cap, small cap stocks Investment style Value Blend Growth Size Large Mid Small Fund Manager: Mr. Harsha Upadhyaya* The 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/Options A) Regular Plan B) Direct Plan Options: Dividend Payout, Dividend Reinvestment & Growth (applicable for all plans) Dividend Frequency Trustee s Discretion Ratios Portfolio Turnover Beta Sharpe## Standard Deviation `21, crs `21, crs : Nifty 200 Allotment date: September 11, 2009 Folio count: 11,81,204 Source: ICRA MFI Explorer. Initial Investment: `5000 and in multiple of `1 for purchase and of `0.01 for switches Additional Investment: `1000 & in multiples of `1 Ideal Investments Horizon: 3 years & above Exit Load: a) For redemptions / switch outs (including SIP/STP) within 1 year from the date of allotment of units:1% b) For redemptions / switch outs (including SIP/STP) after 1 year from the date of allotment of units: NIL Regular:1.98%; Direct: 0.96% 32.94% % Investors understand that their principal will be at moderately high risk 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. Equity & Equity related Reliance Industries Ltd. Petroleum Products 7.09 HDFC Bank Ltd. Banks 7.03 ICICI Bank Ltd. Banks 6.49 Axis Bank Ltd Banks 5.02 Larsen And Toubro Ltd. Construction Project 4.86 Infosys Ltd. Software 4.76 Tata Consultancy Services Ltd. Software 3.72 State Bank Of India Banks 2.78 RBL Bank Ltd Banks 2.64 Petronet LNG Ltd. Gas 2.63 ITC Ltd. Consumer Non Durables 2.51 Bharat Financial Inclusion Limited Finance 2.32 HDFC Ltd. Finance 1.95 GAIL (India) Ltd. Gas 1.92 Britannia Industries Ltd. Consumer Non Durables 1.77 Indraprastha Gas Ltd. Gas 1.77 Hero MotoCorp Ltd. Auto 1.75 Ultratech Cement Ltd. Cement 1.63 AU Small Finance Bank Ltd. Banks 1.59 ICICI Lombard General Insurance Company Ltd Finance 1.58 Mahindra & Mahindra Ltd. Auto 1.58 Shree Cement Ltd. Cement 1.53 The Ramco Cements Ltd Cement 1.48 Bharat Electronics Ltd Industrial Capital Goods 1.37 Bajaj Finance Limited Finance 1.31 Container Corporation of India Ltd. Transportation 1.21 Lupin Ltd. Pharmaceuticals 1.21 MRF Limited Auto Ancillaries 1.13 Cadila Healthcare Ltd. Pharmaceuticals 0.94 Bata India Ltd. Consumer Durables 0.93 Inter Globe Aviation Ltd Transportation 0.93 Godrej Consumer Products Ltd. Consumer Non Durables 0.89 Jindal Steel & Power Ltd. Ferrous Metals 0.84 SBI Life Insurance Company Ltd Finance 0.84 Bajaj Finserv Ltd. Finance 0.83 Note: Term Deposit as provided above is towards margin for derivatives transactions Equity Derivative Exposuer is 0.67% Monthly SIP of ` Total amount invested ( `) Total Value as on Jan 31, 2019 ( `) Returns (%) Nifty 200 (TRI) ( `)# Nifty 200 (TRI) Returns (%) Nifty 50 (TRI) ( `)^ Nifty 50 (TRI) Returns (%) SECTOR ALLOCATION (%) SYSTEMATIC INVESTMENT PLAN (SIP) Kec International Ltd. Construction Project 0.77 Maruti Suzuki India Limited Auto 0.77 HDFC Standard Life Insurance Company Ltd Finance 0.76 Bharat Petroleum Corporation Ltd. Petroleum Products 0.69 Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 0.67 Century Textiles & Industries Ltd. Cement 0.60 AIA Engineering Limited Industrial Products 0.59 Avenue Supermarts Ltd Retailing 0.59 Max Financial Services Ltd. Finance 0.57 Bayer Cropscience Ltd. Pesticides 0.52 Jubilant Foodworks Limited Consumer Non Durables 0.45 Solar Industries India Limited Chemicals 0.44 SRF Ltd. Textile Products 0.41 Arvind Fashion Ltd. Textile Products 0.40 BEML Ltd Industrial Capital Goods 0.35 Techno Electric & Engineering Company Limited Construction Project 0.21 Arvind Ltd Textile Products 0.20 Whirlpool of India Ltd. Consumer Durables 0.20 Laurus Labs Ltd Pharmaceuticals 0.17 Max India Limited Healthcare Services 0.09 Anup Engineering Ltd. Textile Products 0.07 Equity & Equity Related - Total Futures CNX NIFTY-FEB Maruti Suzuki India Limited-FEB Term Deposits HDFC Bank Ltd Term Deposits - Total 0.58 Triparty Repo 6.59 Net Current / (Liabilities) Systematic Investment Plan (SIP) If you had invested `10,000 every month Financial Services Energy Information Technology Consumer Goods Cash & Cash Equivalent Construction Cement & Cement Products Automobile Pharma Industrial Manufacturing Since Inception 7 years 5 years 3 years 1 year 11,30,000 8,40,000 6,00,000 3,60,000 1,20,000 23,12,092 14,51,559 8,06,674 4,10,937 1,18, ,55,655 12,88,797 7,70,777 4,13,493 1,18, ,26,520 12,70,782 7,74,302 4,23,385 1,21, Inception : - September 11, 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. # ; ^ Additional 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 Index instead of Price Return Variant (PRI). Kotak Standard Multicap Fund (Erstwhile Kotak Select Focus) NAV as on January 31, 2019: ` (Dividend Option), ` (Direct Dividend Option), ` (Growth Option), ` (Direct Growth Option) *For Fund Manager experience, please refer page ## Risk rate assumed to be 6.50% (FBIL Overnight MIBOR rate as on 31th January 2019). **Total Expense Ratio includes applicable B30 fee and GST. For last three dividends, please refer page no For scheme performance, please refer page no

8 KOTAK EMERGING EQUITY SCHEME Mid cap fund - An open-ended equity scheme predominantly investing in mid cap stocks Investment style Value Blend Growth Size Large Mid Small Fund Manager: Mr. Pankaj Tibrewal* The 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/Options A) Regular Plan B) Direct Plan Options: Dividend Payout, Dividend Reinvestment & Growth (applicable for all plans) Dividend Frequency Trustee s Discretion Ratios Portfolio Turnover Beta Sharpe## Standard Deviation `3, crs `3, crs : Nifty Free Float Midcap 100 Allotment date: March 30, 2007 Folio count: 2,92,144 Source: ICRA MFI Explorer. Initial Investment: `5000 and in multiple of `1 for purchase and for `0.01 for switches Additional Investment: `1000 & in multiples of `1 Ideal Investments Horizon: 3 years & above Exit Load: a) For redemptions / switch outs (including SIP/STP) within 1 year from the date of allotment of units:1%. b) For redemption/switch outs (including SIP/STP) after 1 year from the date of allotment of units: Nil. Regular: 2.16%; Direct: 0.80% 31.88% % Equity & Equity related The Ramco Cements Ltd Cement 3.60 Schaeffler India Ltd Industrial Products 3.34 RBL Bank Ltd Banks 3.26 Bharat Financial Inclusion Limited Finance 3.18 Atul Ltd. Chemicals 3.12 P I Industries Ltd Pesticides 3.05 Supreme Industries Limited Industrial Products 2.89 Thermax Ltd. Industrial Capital Goods 2.70 Solar Industries India Limited Chemicals 2.63 Coromandel International Ltd. Fertilisers 2.50 AU Small Finance Bank Ltd. Banks 2.48 Shriram City Union Finance Ltd. Finance 2.46 Shree Cement Ltd. Cement 2.29 Kajaria Ceramics Ltd. Construction 2.23 Apollo Hospitals Enterprises Ltd. Healthcare Services 2.22 Indraprastha Gas Ltd. Gas 2.10 SRF Ltd. Textile Products 2.05 Emami Ltd. Consumer Non Durables 1.88 Torrent Pharmaceuticals Ltd. Pharmaceuticals 1.85 Oberoi Realty Ltd Construction 1.79 Finolex Cables Ltd. Industrial Products 1.78 SKF India Ltd Industrial Products 1.74 City Union Bank Ltd. Banks 1.73 Sundaram Finance Ltd. Finance 1.72 Amara Raja Batteries Ltd. Auto Ancillaries 1.71 Exide Industries Ltd Auto Ancillaries 1.70 Voltas Ltd. Construction Project 1.65 Tata Global Beverages Limited Consumer Non Durables 1.64 APL Apollo Tubes Limited Ferrous Metals 1.63 Ratnamani Metals & Tubes Ltd. Ferrous Metals 1.51 Mahindra & Mahindra Financial Services Ltd. Finance 1.47 Godrej Agrovet Ltd Consumer Non Durables 1.45 Motherson Sumi Systems Ltd. Auto Ancillaries 1.44 Notes: Term Deposit as provided above is towards margin for derivatives transactions. Large Cap, Midcap and Small cap stocks as a % age of Net : 6.14%, 74.73% & % SECTOR ALLOCATION (%) Future Retail Ltd. Retailing 1.41 Federal Bank Ltd. Banks 1.36 Divi s Laboratories Limited Pharmaceuticals 1.28 Bata India Ltd. Consumer Durables 1.25 Bharat Electronics Ltd Industrial Capital Goods 1.21 Eris Lifesciences Ltd Pharmaceuticals 1.19 Edelweiss Financial Services Ltd Finance 1.18 Kewal Kiran Clothing Limited. Textile Products 1.18 Abbott India Ltd. Pharmaceuticals 1.13 MRF Limited Auto Ancillaries 1.13 Lux Industries Limited Textile Products 1.01 Jindal Steel & Power Ltd. Ferrous Metals 0.96 Hawkins Cooker Ltd Household Appliances 0.95 Navneet Education Ltd. Media and Entertainment 0.92 Gujarat State Petronet Ltd. Gas 0.91 TI Financial Holding ltd. Finance 0.91 Whirlpool of India Ltd. Consumer Durables 0.91 Eveready Industries India Ltd. Consumer Non Durables 0.79 BEML Ltd Industrial Capital Goods 0.75 Laurus Labs Ltd Pharmaceuticals 0.74 Persistent Systems Limited Software 0.73 Kirloskar Oil Engines Ltd. Industrial Products 0.63 PNC Infratech Ltd Construction 0.61 Ramkrishna Forgings Ltd. Industrial Products 0.61 V-Guard Industries Ltd. Industrial Capital Goods 0.52 ICICI Securities Ltd Finance and Investments 0.39 Sheela Foam Ltd Consumer Durables 0.38 D-Link (India) Ltd Hardware 0.18 WPIL Ltd Industrial Products 0.16 Sundaram Finance Holdings Limited. Finance 0.07 Equity & Equity Related - Total Term Deposits HDFC Bank Ltd Term Deposits - Total 0.15 Triparty Repo 2.30 Net Current / (Liabilities) Financial Services Industrial Manufacturing Consumer Goods Automobile Construction Pharma Cement & Cement Products Chemicals Fertilisers & Pesticides Textiles Investors understand that their principal will be at moderately high risk 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. Monthly SIP of ( `) Total amount invested ( `) Total Value as on Jan 31, 2019 ( `) Returns (%) Nifty Midcap 100 (TRI) ( `)# Nifty Midcap 100 (TRI) Returns (%) Nifty 50 (TRI) ( `)^ Nifty 50 (TRI) Returns (%) SYSTEMATIC INVESTMENT PLAN (SIP) Systematic Investment Plan (SIP) If you had invested `10,000 every month Since Inception 10 years 7 years 5 years 3 years 1 year 14,30,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000 36,88,908 28,53,399 15,16,308 7,88,842 3,79,702 1,11, ,59,708 23,57,355 13,21,202 7,43,475 3,72,053 1,09, ,36,440 21,71,162 12,70,782 7,74,302 4,23,385 1,21, Inception : - March 30, 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. # ; ^ Additional 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 Index instead of Price Return Variant (PRI). Kotak Emerging Equity NAV as on January 31, 2019: ` (Dividend Option), ` (Direct Dividend Option), ` (Growth Option), ` (Direct Growth Option) *For Fund Manager experience, please refer page ## Risk rate assumed to be 6.50% (FBIL Overnight MIBOR rate as on 31th January 2019). **Total Expense Ratio includes applicable B30 fee and GST. For last three dividends, please refer page no For scheme performance, please refer page no With Effect from 25th May 2018, the is changed to Nifty Free Float Midcap

9 KOTAK EQUITY OPPORTUNITIES FUND (Erstwhile Kotak Opportunities) Large & mid cap fund - An open-ended equity scheme investing in both large cap and mid cap stocks Investment style Value Blend Growth Size Large Mid Small Fund Manager: Mr. Harsha Upadhyaya* The 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/Options A) Regular Plan B) Direct Plan Options: Dividend Payout, Dividend Reinvestment & Growth (applicable for all plans) Dividend Frequency Trustee s Discretion Ratios Portfolio Turnover Beta Sharpe ## Standard Deviation `2, crs `2, crs : Nifty 200 Allotment date: September 9, 2004 Folio count: 1,38,515 Source: ICRA MFI Explorer. Initial Investment: `5000 and in multiple of `1 for purchase and for `0.01 for switches Additional Investment: `1000 & in multiples of `1 Ideal Investments Horizon: 3 years & above Exit Load: a) For redemptions / switch outs (including SIP/STP) within 1 year from the date of allotment of units: 1% b) For redemptions / switch outs (including SIP/STP) after 1 year from the date of allotment of units: NIL Regular: 2.13%; Direct: 1.10% 96.35% % Investors understand that their principal will be at moderately high risk 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. Equity & Equity related HDFC Bank Ltd. Banks 6.69 Reliance Industries Ltd. Petroleum Products 6.05 ICICI Bank Ltd. Banks 5.59 Tata Consultancy Services Ltd. Software 5.31 Infosys Ltd. Software 5.14 Larsen And Toubro Ltd. Construction Project 3.95 Axis Bank Ltd Banks 3.87 Bharat Financial Inclusion Limited Finance 3.75 Thermax Ltd. Industrial Capital Goods 2.96 Gujarat State Petronet Ltd. Gas 2.87 Coromandel International Ltd. Fertilisers 2.85 AIA Engineering Limited Industrial Products 2.76 The Ramco Cements Ltd Cement 2.38 Dr Reddys Laboratories Ltd Pharmaceuticals 2.33 Indraprastha Gas Ltd. Gas 2.19 Petronet LNG Ltd. Gas 2.15 Bata India Ltd. Consumer Durables 2.04 Schaeffler India Ltd Industrial Products 2.03 ICICI Lombard General Insurance Company Ltd Finance 1.89 SRF Ltd. Textile Products 1.81 Godrej Agrovet Ltd Consumer Non Durables 1.71 Max Financial Services Ltd. Finance 1.71 GAIL (India) Ltd. Gas 1.68 Shree Cement Ltd. Cement 1.68 AU Small Finance Bank Ltd. Banks 1.47 Colgate Palmolive (India) Ltd. Consumer Non Durables 1.43 Jubilant Foodworks Limited Consumer Non Durables 1.35 DR.Lal Pathlabs Ltd Healthcare Services 1.27 Jindal Steel & Power Ltd. Ferrous Metals 1.27 Bharat Electronics Ltd Industrial Capital Goods 1.26 Odisha Cement Ltd Services 1.15 Lupin Ltd. Pharmaceuticals 1.13 Note: Term Deposit as provided above is towards margin for derivatives transactions. Note: Large Cap, Midcap and Small cap stocks as a % age of Net : 49.48%, 41.08% & 7.77%. Monthly SIP of ( `) Total amount invested ( `) Total Value as on Jan 31, 2019 ( `) Returns (%) Nifty 200 (TRI) ( `)# Nifty 200 (TRI) Returns (%) Nifty 50 (TRI) ( `)^ Nifty 50 (TRI) Returns (%) SECTOR ALLOCATION (%) SYSTEMATIC INVESTMENT PLAN (SIP) Century Textiles & Industries Ltd. Cement 1.11 Indian Bank Banks 1.11 Cummins India Ltd. Industrial Products 1.10 Supreme Industries Limited Industrial Products 1.07 TI Financial Holding ltd. Finance 1.01 BEML Ltd Industrial Capital Goods 0.94 Linde India Ltd. Chemicals 0.89 Healthcare Global Enterprises Ltd Healthcare Services 0.77 Heritage Foods Ltd Consumer Non Durables 0.71 JK Cement Ltd. Cement 0.68 Edelweiss Financial Services Ltd Finance 0.65 Emami Ltd. Consumer Non Durables 0.62 Avenue Supermarts Ltd Retailing 0.59 Techno Electric & Engineering Company Limited Construction Project 0.49 Arvind Fashion Ltd. Textile Products 0.44 Arvind Ltd Textile Products 0.23 Swaraj Engines Ltd Industrial Products 0.12 Anup Engineering Ltd. Textile Products 0.08 Equity & Equity Related - Total Preference Shares Redm Preference Sh Zee Entertainment Enterprises Ltd Media and Entertainment 0.04 Preference Share - Total 0.04 Term Deposits HDFC Bank Ltd Term Deposits - Total 0.43 Triparty Repo 1.42 Net Current / (Liabilities) Systematic Investment Plan (SIP) If you had invested `10,000 every month Since Inception 10 years 7 years 5 years 3 years 1 year Financial Services Energy Industrial Manufacturing Information Technology Consumer Goods Cement & Cement Products Construction Pharma Fertilisers & Pesticides Textiles 17,30,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000 50,94,610 23,77,727 13,42,700 7,69,934 3,97,939 1,17, ,58,395 22,11,794 12,88,797 7,70,777 4,13,493 1,18, ,38,791 21,71,109 12,70,782 7,74,302 4,23,385 1,21, Inception : - September 09, 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. # ; ^ Additional 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 Index instead of Price Return Variant (PRI). Kotak Equity Opportunities Fund (Erstwhile Kotak Opportunities) NAV as on January 31, 2019: ` (Dividend Option), ` (Direct Dividend Option), ` (Growth Option), ` (Direct Growth Option) *For Fund Manager experience, please refer page ## Risk rate assumed to be 6.50% (FBIL Overnight MIBOR rate as on 31th January 2019). **Total Expense Ratio includes applicable B30 fee and GST. For last three dividends, please refer page no For scheme performance, please refer page no With Effect from 1st June 2018, the Name is changed to Nifty 200 TRI from Nifty 500 TRI. The above performance is benchmarked to Nifty 200 TRI 7 7

10 KOTAK BLUECHIP FUND (Erstwhile Kotak Mahindra 50 Unit ) Large cap fund - An open-ended equity scheme predominantly investing in large cap stocks Investment style Value Blend Growth Size Large Mid Small Fund Manager: To 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. Available Plans/Options A) Regular Plan B) Direct Plan Options: Dividend Payout, Dividend Reinvestment & Growth (applicable for all plans) Dividend Frequency Trustee s Discretion Ratios Portfolio Turnover Beta Sharpe## Standard Deviation Source: ICRA MFI Explorer. Mr. Harish Krishnan* `1, crs `1, crs : NIFTY 50 Allotment date: December 29, 1998 Folio count: 95,349 Initial Investment: `1000 and in multiple of `1 for purchase and for `0.01 for switches Additional Investment: `1000 & in multiples of `1 Ideal Investments Horizon: 3 years & above Exit Load: a) For redemptions / switch outs (including SIP/STP) within 1 year from the date of allotment of units: 1%. b) For redemption/switch outs (including SIP/STP) after 1 year from the date of allotment of units: Nil. Regular: 2.22%; Direct: 1.16% 80.55% % Equity & Equity related HDFC Bank Ltd. Banks 8.84 Reliance Industries Ltd. Petroleum Products 8.44 ICICI Bank Ltd. Banks 6.65 Infosys Ltd. Software 5.68 Axis Bank Ltd Banks 4.34 ITC Ltd. Consumer Non Durables 3.98 HDFC Ltd. Finance 3.90 Tech Mahindra Ltd. Software 3.16 State Bank Of India Banks 3.09 Larsen And Toubro Ltd. Construction Project 3.06 Tata Consultancy Services Ltd. Software 3.03 Mahindra & Mahindra Ltd. Auto 2.43 IndusInd Bank Ltd. Banks 1.98 Asian Paints Ltd. Consumer Non Durables 1.97 GlaxoSmithkline Consumer Healthcare Ltd Consumer Non Durables 1.49 Motherson Sumi Systems Ltd. Auto Ancillaries 1.37 RBL Bank Ltd Banks 1.35 Dabur India Ltd Consumer Non Durables 1.23 ICICI Lombard General Insurance Company Ltd Finance 1.22 GAIL (India) Ltd. Gas 1.19 HDFC Standard Life Insurance Company Ltd Finance 1.19 Bata India Ltd. Consumer Durables 1.18 Shree Cement Ltd. Cement 1.18 Solar Industries India Limited Chemicals 1.14 Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 1.11 Hindustan Zinc Ltd. Non - Ferrous Metals 1.07 Sanofi India Ltd. Pharmaceuticals 1.07 Nestle India Ltd. Consumer Non Durables 1.05 Cadila Healthcare Ltd. Pharmaceuticals 1.02 Maruti Suzuki India Limited Auto 1.00 Britannia Industries Ltd. Consumer Non Durables 0.99 Schaeffler India Ltd Industrial Products 0.99 Indraprastha Gas Ltd. Gas 0.96 Bandhan Bank Limited Banks 0.91 Mahindra & Mahindra Note: Term Deposit as provided above is towards margin for derivatives transactions Note: Large Cap, Midcap and Small cap stocks as a % age of Net : 82.44%, 14.76% & 0.67% SECTOR ALLOCATION (%) Financial Services Ltd. Finance 0.91 Amara Raja Batteries Ltd. Auto Ancillaries 0.90 Supreme Industries Limited Industrial Products 0.90 Bharat Electronics Ltd Industrial Capital Goods 0.88 Ultratech Cement Ltd. Cement 0.86 Wipro Ltd. Software 0.86 Pfizer Ltd. Pharmaceuticals 0.84 The Ramco Cements Ltd Cement 0.81 Sun TV Network Ltd. Media and Entertainment 0.80 Ashok Leyland Ltd. Auto 0.79 Eicher Motors Ltd Auto 0.70 Gujarat Gas Ltd Gas 0.69 Coromandel International Ltd. Fertilisers 0.68 Odisha Cement Ltd Services 0.67 Inter Globe Aviation Ltd Transportation 0.63 Tata Steel Limited. Ferrous Metals 0.63 Bharat Petroleum Corporation Ltd. Petroleum Products 0.52 Edelweiss Financial Services Ltd Finance 0.46 Zee Entertainment Enterprises Ltd Media and Entertainment 0.43 Bharat Financial Inclusion Limited Finance 0.20 Equity & Equity Related - Total Options Bank Of Baroda Call Option - February Options - Total 0.02 Mutual Fund Units Reliance Mutual Fund CPSE ETF Mutual Fund 0.44 Mutual Fund Units - Total 0.44 Term Deposits HDFC Bank Ltd Term Deposits - Total 0.49 Triparty Repo 1.81 Net Current / (Liabilities) Investors understand that their principal will be at moderately high risk 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. Monthly SIP of ( `) Total amount invested ( `) Total Value as on Jan 31, 2019 ( `) Returns (%) Nifty 50 (TRI) ( `)# Nifty 50 (TRI) Returns (%) S&P BSE SENSEX (TRI) ( `)^ Financial Services Information Technology Consumer Goods Energy Automobile Pharma Cement & Cement Products Construction Industrial Manufacturing Cash & Cash Equivalent S&P BSE SENSEX (TRI) Returns (%) SYSTEMATIC INVESTMENT PLAN (SIP) Systematic Investment Plan (SIP) If you had invested `10,000 every month Since Inception 10 years 7 years 5 years 3 years 1 year 19,20,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000 67,55,525 21,25,070 12,36,245 7,34,240 3,93,304 1,17, ,03,992 21,71,162 12,70,782 7,74,302 4,23,385 1,21, ,29,045 22,19,553 12,95,176 7,88,810 4,34,403 1,22, Inception : - December 29, 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. # ; ^ Additional 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 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 Kotak Bluechip Fund (Erstwhile Kotak Mahindra 50 Unit ) NAV as on January 31, 2019: ` (Dividend Option), ` (Direct Dividend Option), ` (Growth Option), ` (Direct Growth Option) *For Fund Manager experience, please refer page ## Risk rate assumed to be 6.50% (FBIL Overnight MIBOR rate as on 31th January 2019). **Total Expense Ratio includes applicable B30 fee and GST. For last three dividends, please refer page no For scheme performance, please refer page no

11 KOTAK SMALL CAP FUND (Erstwhile Kotak Midcap ) Small cap fund - An open-ended equity scheme predominantly investing in small cap stocks Investment style Value Blend Growth Size Large Mid Small Fund Manager: Mr. Pankaj Tibrewal* However, there is no assurance that the objective of the scheme will be realized the investment objective of the scheme is to generate capital appreciation from a diversified portfolio of equity and equity related securities by investing... predominantly in small cap companies. There is no assurance that the investment objective of the scheme will be achieved. Available Plans/Options A) Regular Plan B) Direct Plan Options: Dividend Payout, Dividend Reinvestment & Growth (applicable for all plans) Dividend Frequency Trustee s Discretion Ratios Portfolio Turnover Beta Sharpe## Standard Deviation `1, crs `1, crs : NIFTY Smallcap 50 Allotment date: February 24, 2005 Folio count: 61,796 Source: ICRA MFI Explorer. Initial Investment: `5000 and in multiple of `1 for purchase and for `0.01 for switches Additional Investment: `1000 & in multiples of `1 Ideal Investments Horizon: 3 years & above Exit Load: a) For redemptions / switch outs (including SIP/STP) within 1 year from the date of allotment of units:1% b) For redemptions / switch outs (including SIP/STP) after 1 year from the date of allotment of units: NIL Regular: 2.38%; Direct: 0.97% 59.41% % Equity & Equity related Solar Industries India Limited Chemicals 2.90 Ratnamani Metals & Tubes Ltd. Ferrous Metals 2.74 Dixon Technologies India Ltd Consumer Durables 2.71 Techno Electric & Engineering Company Limited Construction Project 2.55 JMC Projects (India) Ltd Construction 2.48 Prataap Snacks Ltd Consumer Non Durables 2.38 JK Cement Ltd. Cement 2.32 Atul Ltd. Chemicals 2.27 Galaxy Surfactants Ltd Chemicals 2.27 Sheela Foam Ltd Consumer Durables 2.24 APL Apollo Tubes Limited Ferrous Metals 2.19 The Ramco Cements Ltd Cement 2.19 Eveready Industries India Ltd. Consumer Non Durables 2.14 P I Industries Ltd Pesticides 2.12 Mahindra Lifespace Developers Ltd Construction 2.06 AU Small Finance Bank Ltd. Banks 2.05 Kajaria Ceramics Ltd. Construction 2.05 Blue Star Ltd. Consumer Durables 1.95 Heritage Foods Ltd Consumer Non Durables 1.92 Schaeffler India Ltd Industrial Products 1.92 Apollo Pipes Ltd Industrial Products 1.90 RBL Bank Ltd Banks 1.89 V-Guard Industries Ltd. Industrial Capital Goods 1.86 WPIL Ltd Industrial Products 1.83 ICICI Bank Ltd. Banks 1.77 Nilkamal Ltd Industrial Products 1.74 IndusInd Bank Ltd. Banks 1.73 Lux Industries Limited Textile Products 1.71 V.S.T Tillers Tractors Ltd Auto 1.65 Persistent Systems Limited Software 1.62 Security and Intelligence Services India Ltd Commercial Services 1.56 Amber Enterprises India Ltd Consumer Durables 1.55 Shriram City Union Finance Ltd. Finance 1.55 Thermax Ltd. Industrial Capital Goods 1.53 Kewal Kiran Clothing Limited. Textile Products 1.52 Term Deposit as provided above is towards margin for derivatives transactions Note: Large Cap, Midcap and Small cap stocks as a % age of Net : 7.29%, 26.75% & 65.70% SECTOR ALLOCATION (%) Mahindra & Mahindra Financial Services Ltd. Finance 1.44 Coromandel International Ltd. Fertilisers 1.42 Hindustan Oil Exploration Company Ltd. Oil 1.40 Hawkins Cooker Ltd Household Appliances 1.38 Supreme Industries Limited Industrial Products 1.38 Shoppers Stop Ltd. Retailing 1.37 Aavas Financiers Ltd Finance 1.36 Vardhman Textiles Ltd. Textiles - Cotton 1.34 Torrent Pharmaceuticals Ltd. Pharmaceuticals 1.19 Century Plyboards (India) Ltd. Consumer Durables 1.16 Laurus Labs Ltd Pharmaceuticals 1.12 MRF Limited Auto Ancillaries 1.09 Finolex Cables Ltd. Industrial Products 1.08 BEML Ltd Industrial Capital Goods 1 Apar Industries Limited Industrial Capital Goods 0.98 Cadila Healthcare Ltd. Pharmaceuticals 0.93 Motherson Sumi Systems Ltd. Auto Ancillaries 0.93 Ipca Laboratories Ltd. Pharmaceuticals 0.84 Shree Cement Ltd. Cement 0.84 SKF India Ltd Industrial Products 0.82 Great Eastern Shipping Company Ltd Transportation 0.78 Strides Pharma Science Ltd Pharmaceuticals 0.71 Arvind Fashion Ltd. Textile Products 0.70 Sundaram Finance Ltd. Finance 0.67 Navneet Education Ltd. Media and Entertainment 0.64 Varroc Engineering Ltd. Auto Ancillaries 0.57 Sadbhav Engineering Ltd. Construction Project 0.52 Arvind Ltd Textile Products 0.43 Carborundum Universal Ltd. Industrial Products 0.40 Vinati Organics Ltd Chemicals 0.18 Anup Engineering Ltd. Textile Products 0.12 Solara Active Pharma Sciences Ltd. Pharmaceuticals 0.10 Equity & Equity Related - Total Triparty Repo 0.69 Net Current / (Liabilities) Consumer Goods Industrial Manufacturing Financial Services Construction Chemicals Textiles Cement & Cement Products Metals Pharma Automobile Investors understand that their principal will be at moderately high risk Long term capital growth Investment in equity & equity related securities predominantly in small cap Stocks. * Investors should consult their financial advisors if in doubt about whether the product is suitable for them. Monthly SIP of ( `) Total amount invested ( `) Total Value as on Jan 31, 2019 ( `) Returns (%) Nifty Smallcap 50 (TRI) ( `)# Nifty Smallcap 50 (TRI) Returns (%) Nifty 50 (TRI) ( `)^ Nifty 50 (TRI) Returns (%) SYSTEMATIC INVESTMENT PLAN (SIP) Systematic Investment Plan (SIP) If you had invested `10,000 every month Since Inception 10 years 7 years 5 years 3 years 1 year 16,80,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000 45,04,334 25,39,381 13,46,513 7,26,567 3,58,508 1,07, NA 16,33,455 10,22,684 5,83,290 3,09,382 99,486 NA ,87,998 21,71,162 12,70,782 7,74,302 4,23,385 1,21, 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. # ; ^ Additional 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 Index instead of Price Return Variant (PRI). Kotak Small Cap Fund (Erstwhile Kotak Midcap ) as on January 31, 2019: ` (Dividend Option), ` (Direct Dividend Option), ` (Growth Option), ` (Direct Growth Option) *For Fund Manager experience, please refer page ## Risk rate assumed to be 6.50% (FBIL Overnight MIBOR rate as on 31th January 2019). **Total Expense Ratio includes applicable B30 fee and GST. For last three dividends, please refer page no For scheme performance, please refer page no With Effect from 25th May 2018, the is changed to Nifty Small cap 50 TRI 7 9

12 KOTAK TAX SAVER An open-ended equity linked saving scheme with a statutory lock in of 3 years and tax benefits Investment style Value Blend Growth Size Large Mid Small Fund Manager: Mr. Harsha Upadhyaya* The 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. Available Plans/Options A) Regular Plan B) Direct Plan Options: Dividend Payout & Growth (applicable for all plans) Dividend Frequency Trustee s Discretion Ratios Portfolio Turnover Beta Sharpe## Standard Deviation ` crs ` crs : Nifty 500 Allotment date: November 23, 2005 Folio count: 1,37,641 Source: ICRA MFI Explorer. Initial Investment: `500 and in multiple of `500 Additional Investment: `500 & in multiples of `500 Ideal Investments Horizon: 3 years & above Exit Load: Exit Load is not applicable for Kotak Tax Saver. (applicable for all plans) Regular: 2.38%; Direct: 1.34% 76.03% % Equity & Equity related Reliance Industries Ltd. Petroleum Products 7.29 HDFC Bank Ltd. Banks 6.39 ICICI Bank Ltd. Banks 6.19 Axis Bank Ltd Banks 5.55 Tata Consultancy Services Ltd. Software 4.39 Infosys Ltd. Software 4.32 GlaxoSmithkline Consumer Healthcare Ltd Consumer Non Durables 4.23 Larsen And Toubro Ltd. Construction Project 4.12 AU Small Finance Bank Ltd. Banks 2.96 Bharat Financial Inclusion Limited Finance 2.66 SKF India Ltd Industrial Products 2.46 Shree Cement Ltd. Cement 2.42 Thermax Ltd. Industrial Capital Goods 2.39 RBL Bank Ltd Banks 2.22 GAIL (India) Ltd. Gas 2.13 Bajaj Auto Ltd. Auto 1.96 SRF Ltd. Textile Products 1.93 Ultratech Cement Ltd. Cement 1.80 Whirlpool of India Ltd. Consumer Durables 1.74 Odisha Cement Ltd Services 1.72 Solar Industries India Limited Chemicals 1.71 Lupin Ltd. Pharmaceuticals 1.68 Nestle India Ltd. Consumer Non Durables 1.47 Tech Mahindra Ltd. Software 1.41 Dr Reddys Laboratories Ltd Pharmaceuticals 1.39 Mahanagar Gas Ltd Gas 1.18 Bata India Ltd. Consumer Durables 1.15 Colgate Palmolive (India ) Ltd. Consumer Non Durables 1.15 The Ramco Cements Ltd Cement 1.15 Container Corporation of India Ltd. Transportation 1.05 AIA Engineering Limited Industrial Products 1.03 SECTOR ALLOCATION (%) Cadila Healthcare Ltd. Pharmaceuticals 1.02 Cummins India Ltd. Industrial Products 1.01 Gujarat State Petronet Ltd. Gas 1.01 ABB Ltd. Industrial Capital Goods 0.98 Amara Raja Batteries Ltd. Auto Ancillaries 0.95 Techno Electric & Engineering Company Limited Construction Project 0.93 Linde India Ltd. Chemicals 0.92 Hindalco Industries Ltd Non - Ferrous Metals 0.87 JMC Projects (India) Ltd Construction 0.86 Vedanta Ltd. Non - Ferrous Metals 0.82 APL Apollo Tubes Limited Ferrous Metals 0.71 Hindustan Oil Exploration Company Ltd. Oil 0.71 Max Financial Services Ltd. Finance 0.69 Aavas Financiers Ltd Finance 0.63 Jindal Steel & Power Ltd. Ferrous Metals 0.61 Kirloskar Oil Engines Ltd. Industrial Products 0.61 Strides Pharma Science Ltd Pharmaceuticals 0.59 Hawkins Cooker Ltd Household Appliances 0.56 Blue Dart Express Ltd. Transportation 0.35 Ksb Ltd Industrial Products 0.35 Arvind Fashion Ltd. Textile Products 0.11 Anup Engineering Ltd. Textile Products 0.02 Equity & Equity Related - Total Preference Shares 6 Redm Preference Sh Zee Entertainment Enterprises Ltd Media and Entertainment 0.08 Preference Share - Total 0.08 Triparty Repo 1.41 Net Current / (Liabilities) 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. 7 Investors understand that their principal will be at moderately high risk Monthly SIP of ( `) Total amount invested ( `) Total Value as on Jan 31, 2019 ( `) Returns (%) Nifty 500 (TRI) ( `)# Nifty 500 (TRI) Returns (%) Nifty 50 (TRI) ( `)^ Nifty 50 (TRI) Returns (%) Financial Services Energy Information Technology Consumer Goods Industrial Manufacturing Cement & Cement Products Construction Pharma Metals Automobile SYSTEMATIC INVESTMENT PLAN (SIP) Systematic Investment Plan (SIP) If you had invested `10,000 every month Since Inception 10 years 7 years 5 years 3 years 1 year 15,90,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000 34,61,025 22,71,554 13,17,504 7,71,534 4,01,534 1,19, ,97,635 22,13,014 12,89,399 7,66,537 4,08,428 1,17, ,53,591 21,71,162 12,70,782 7,74,302 4,23,385 1,21, Inception : - November 23, 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. # ; ^ Additional 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 Index instead of Price Return Variant (PRI). Kotak Tax Saver NAV as on January 31, 2019: ` (Dividend Option), ` (Direct Dividend Option), ` (Growth Option) ` (Direct Growth Option) *For Fund Manager experience, please refer page ## Risk rate assumed to be 6.50% (FBIL Overnight MIBOR rate as on 31th January 2019). **Total Expense Ratio includes applicable B30 fee and GST. For last three dividends, please refer page no For scheme performance, please refer page no