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

Transcription

1 July 31, 2018 Past performance of the Sponsor/AMC/Fund does not indicate the schemes future performance. Risk Factors on page 68 Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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 Arbitrage Funds Kotak Equity Arbitrage Fund Arbitrage Fund 13 Hybrid Funds Kotak Equity Savings Fund Equity Savings 16 Kotak Equity Hybrid (Erstwhile Kotak Balance) Aggressive Hybrid Fund 19 Kotak Debt Hybrid (Erstwhile Kotak MIP) Conservative Hybrid Fund 20 Kotak India Growth Fund Series 4 21 Kotak India Growth Fund Series 5 22 Debt Funds Kotak Mahindra Liquid Liquid Fund 23 Kotak Bond Short Term Plan Short Duration Fund 24 Kotak Savings Fund (Erstwhile Kotak Treasury Advantage Fund) Ultra Short Duration Fund 25 Kotak Money Market (Erstwhile Kotak Floater Short Term ) Money Market Fund 26 Kotak Credit Risk Fund (Erstwhile Kotak Income Opportunities Fund) Credit Risk Fund 27 Kotak Duration Fund Duration Fund 29 Kotak Medium Term Fund Medium Duration Fund 30 Kotak Bond (Erstwhile Kotak Mahindra Bond Unit 99) Medium to Long Duration Fund 32 Kotak Corporate Bond Fund Corporate Bond Fund 33 Kotak Banking & PSU Debt Fund Banking & PSU Fund 34 Kotak Dynamic Bond Fund (Erstwhile Kotak Flexi Debt ) Dynamic Bond 35 Kotak Mahindra Gilt Unit 98 - Investment Plan Gilt Fund 36 Exposure 37 Fund of Funds Kotak Asset Allocator Fund 39 Kotak US Equity Fund 40 Kotak Global Emerging Market Fund 41 Kotak World Gold Fund 42 ETF Funds Kotak Gold ETF 43 Kotak Nifty ETF 44 Kotak Sensex ETF 45 Kotak Banking ETF 46 Kotak PSU Bank ETF 47 Performance 48 About Our Fund Managers 55 Dividend History 57 Categorisation - Equity s 60 Categorisation - Debt s 64 How to read Fact Sheet 68

3 Expert Speak July 31, 2018 Dear Friends, I take this opportunity to thank our channel partners who have participated with enthusiasm in our Kotak Balanced Advantage Fund (KBAF) NFO. We take this investment of faith as a sacred trust and will do our best to preserve and maintain it. The Fund that launched on 13th July 2018 took three years in making. The time taken was to allow partially for the category readjustment that the regulator wanted to implement. This duration has helped us finalise the fine nitty gritty of our fund structure. It gave us time to study the competition, learn from them and tune our investment model to a fit. Long years in making gave us time to be rigorous with our model and its output. The KBAF launch was the biggest NFO exercise we have ever had. The fund mobilisation in terms of AUM and number of applications (for an NFO) have been the largest ever in our AMC. And we remain delightfully humbled that our channel partners: the IFAs, the NDs, the Banks - all of them understood the vitality of our product. Around 3293 number of distributors have sold this product in this launch. But the drill has only just begun. We understand the gravity of responsibility upon us. And we will unpack the potential to the best of our skill. But it is a request that not to lose the momentum with the KBAF. The market curiosity and the market volatility both are in favour of KBAF. Therefore, in absence of any alternative opportunity, KBAF is an ideal all weather product. At the market level, the monetary policy wasn t much of a surprise. A 25 bps hike had already been priced in by the debt market. With CPI inflation on an upswing, this was a foregone conclusion. CPI has risen by more than 260 bps since July-17. Majorly due to the 40% hike in the Brent crude prices. This price absorption by India either leads to general inflation; or to a higher fiscal deficit. The reason for this rise in crude prices is rooted in global causes. Primarily due to the US - Iran political disputes and also due to the US China Trade war. If additional US tariffs come in, the impact on Chinese economy with already high debt leveraging may be significant. This is risk to the global economy and is leading to rally in dollar value. Good news is that there is massive investment in infrastructure improvement domestically. Interiors and cities are being connected rapidly. Markets and manufacturers are being brought closer. This has seen sizeable offtake in commercial vehicles, air transport and general uptick in manufacturing. The credit offtake is now upwards of 12%, indicating rising corporate investments. Majority of the indicators are suggesting that Indian economy is growing. These are good signs. It means that Indian economy will be able to enter a new phase of self-sustaining growth for a long term. Thus the risks are balanced currently. Good domestic economy is offsetting overseas pressures. But we may see the market swing from end to end with intermittent volatility. Value based buying for long term investor may be suitable in this market. The correction in the small cap and midcap market has come at an appropriate time. In Nifty 500 index, there are almost 214 stocks that have fallen by 30% (or more) from their 52 week highs. There are around 112 such stocks that have declined by more than 50% since their highs. And this is just the Nifty 500 figures. So opportunities exist - But smart allocation through STP route is important. Wishing you all a very Productive Shravan. Thanks and Regards, Nilesh Shah Managing Director 1 1

4 Market Overview Key Events for the Month of July 2018: Monetary policy committee hiked policy rates by 25bps in its policy meeting. The decision to hike rates was taken with 5-1 majority. The 4th round of GST rationalization saw the GST council reducing tax rates on 88 items with prices being effective from 27 July onwards. The Parliament monsoon session began on a stormy note with an unsuccessful no-confidence vote against the incumbent government. Trade Deficit: India s trade deficit widened to its highest in more than five years in June Though merchandise exports rose per cent year-on-year in June, the Trade deficit widened to 16.6 billion from billion in May. Inflation: Inflation based on consumer price index (CPI), or retail in retail inflation for the month of June came at 5 per cent from 4.87% in May. Inflation measured by the Wholesale Price Index (WPI) was 5.77% in June, accelerating sharply from 4.43% in May and 0.9% in June IIP: The index of industrial production (IIP) came at 3.2 per cent down from 4.9 per cent in April. Indian equities (+6%) had a robust month with a good start to Q1 earnings and the benchmark Nifty Index crossing the 11,300 mark for the first time. Market Valuation Indicators Sensex Above Fair 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 Jul-91 Jul-92 Jul-93 Jul-94 Jul-95 Jul-96 Jul-97 Jul-98 Jul-99 Jul-00 Jul-01 Jul-02 Jul-03 Jul-04 Jul-05 Jul-06 Jul-07 Jul-08 Jul-09 Jul-10 Jul-11 Jul-12 Jul-13 Jul-14 Jul-15 Jul-16 Jul-17 Jul 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) 12-month forward Sensex P/E (x) Stretched 20x-24x Fair Value Plus 17x -20x Fair 13x -17x Attractive10x -13x Cheap 8x -10x Jul-15 Jul-15 Aug-15 Sep-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 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 Source:Internal Calculation Strategy for Investments in the Current Scenario for Equity Investor 2

5 Equity Market Snapshot Passenger Vehicle Sales And Commercial Vehicle Growth Remains Robust 40% 30% 20% 10% Passenger Vehicles Commercial Vehicle 38% 100% Monthly Vol 3MMA 80% Monthly Vol 3MMA 20% 60% 40% 20% 51% 42% 0% 0% -10% -20% -40% -20% Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18-60% May-17 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 MMA: Monthly Moving Average Housing for all More than 4x in last 5 years House constructed under various central government schemes ( 000 houses) IAY: Indira Awas Yojna PMAY-G: Pradhan Mantri Gramin Awaas Yojna Source: Ministry Of Rural Development Key Variables & their Impact On Interest Rates in 2018 Key Variables Short - term Medium - term Remarks Economy Corporate Earnings FII Flow DII Flow GST to impact near-term activity especially informal segment 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. Focus on improving financial savings of households 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 July-18 June-18 Change Reverse Repo 6.25% 6% 25 bps Repo 6.50% 6.25% 25 bps CRR 4.00% 4.00% Nil SLR 19.50% 19.50% Nil Mibor Overnight 6.25% 6.25% Nil Call(O/N) 6.16% 6.15% 1 bps CBLO 6.24% 6.01% 23 bps 1 yr T Bill 7.22% 7.09% 13 bps 10 G Sec 7.77% 7.90% -13 bps 5 Year AAA 8.57% 8.65% -8 bps USD/INR ` ` paise Source: RBI; Bloomberg. Uptick In Credit And Deposit Growth Indicates Rise In Savings And Investments 35 Deposits Y-o-Y% Credit Y-o-Y% Jun-03 Dec-03 Jun-04 Dec-04 Jun-05 Dec-05 Jun-06 Dec-06 Jun-07 Dec-07 Jun-08 Dec-08 Jun-09 Dec-09 Jun-10 Dec-10 Jun-11 Dec-11 Jun-12 Dec-12 Jun-13 Dec-13 Jun-14 Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Source: CEIC, Macquarie Macro Strategy, July Large MSP Hikes Comes Through MSP Hike Equal To Nearly Last Three Years Of Hikes Trend in paddy (rice) minimum support price FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 E MSP hike will provide an income boost which will increase the rural demand Source: CLSA, Ministry of Agriculture and Farmers Welfare Key Variables & their Impact On Interest Rates in 2018 Key Variables Inflation Rupee Credit Demand Government Borrowing RBI Policy Global Event Risk Corporate bond Spread Debt FII flow Liquidity Short - term (3-6 month) Medium term (6month 2 years) Denotes fall in interest rates 4 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* AAUM: AUM: Investment Objective 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 `20, crs `21, crs : Nifty 200 Allotment date: September 11, 2009 Folio count: 10,76,120 Source: ICRA MFI Explorer. Minimum Investment Amount 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 Load Structure Entry Load: Nil. (applicable for all plans) Exit Load: a) For redemptions / switch outs (including SIP/STP) within 1 year from the date of allotment of units:1% b) For redemptions / switch outs (including SIP/STP) after 1 year from the date of allotment of units: NIL Total Expense Ratio** Regular:2.07%; Direct: 1.17% 27.12% % Equity & Equity related HDFC Bank Ltd. Banks 7.38 Reliance Industries Ltd. Petroleum Products 5.58 Larsen And Toubro Ltd. Construction Project 4.65 HDFC Ltd. Finance 4.60 Infosys Ltd. Software 4.17 ICICI Bank Ltd. Banks 3.58 State Bank Of India Banks 2.83 ITC Ltd. Consumer Non Durables 2.73 RBL Bank Ltd Banks 2.70 Maruti Suzuki India Limited Auto 2.69 Hero MotoCorp Ltd. Auto 2.56 Tata Consultancy Services Ltd. Software 2.55 Bajaj Finance Limited Finance 2.22 GAIL (India) Ltd. Gas 2.21 Mahindra & Mahindra Ltd. Auto 2.10 Petronet LNG Ltd. Gas 2.05 IndusInd Bank Ltd. Banks 2.00 Ultratech Cement Ltd. Cement 1.97 Britannia Industries Ltd. Consumer Non Durables 1.85 Shree Cement Ltd. Cement 1.69 Axis Bank Ltd Banks 1.66 The Ramco Cements Ltd Cement 1.56 Indraprastha Gas Ltd. Gas 1.54 ICICI Lombard General Insurance Company Ltd Finance 1.47 Bharat Financial Inclusion Limited Finance 1.31 Bharat Electronics Ltd Industrial Capital Goods 1.18 Container Corporation of India Ltd. Transportation 1.18 Hindustan Unilever Ltd. Consumer Non Durables 1.16 AU Small Finance Bank Ltd. Banks 1.11 Godrej Consumer Products Ltd. Consumer Non Durables 1.11 Jindal Steel & Power Ltd. Ferrous Metals 1.06 HDFC Standard Life Insurance Company Ltd Finance 1.04 Arvind Ltd Textile Products 0.99 SBI Life Insurance Company Ltd Finance 0.98 MRF Limited Auto Ancillaries 0.97 Bajaj Finserv Ltd. Finance 0.96 Note: Term Deposit as provided above is towards margin for derivatives transactions SECTOR ALLOCATION (%) Kec International Ltd. Construction Project 0.80 Bharat Petroleum Corporation Ltd. Petroleum Products 0.79 Bata India Ltd. Consumer Durables 0.77 Cadila Healthcare Ltd. Pharmaceuticals 0.77 Inter Globe Aviation Ltd Transportation 0.74 Max Financial Services Ltd. Finance 0.73 Avenue Supermarts Ltd Retailing 0.72 Century Textiles & Industries Ltd. Cement 0.70 AIA Engineering Limited Industrial Products 0.56 Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 0.56 Bayer Cropscience Ltd. Pesticides 0.54 Solar Industries India Limited Chemicals 0.52 Jubilant Foodworks Limited Consumer Non Durables 0.51 Ashok Leyland Ltd. Auto 0.43 Equitas Holdings Ltd Finance 0.41 Bharat Earth Movers Ltd. Industrial Capital Goods 0.40 HDFC Ltd. Warrants Finance 0.29 Laurus Labs Ltd Pharmaceuticals 0.26 Techno Electric & Engineering Co Ltd. Construction Project 0.23 Whirlpool of India Ltd. Consumer Durables 0.23 Max India Limited Healthcare Services 0.09 Kirloskar Oil Engines Ltd. Industrial Products 0.05 Equity & Equity Related - Total Futures CNX NIFTY-AUG Futures (Market value represents Notional Value) - Total 1.83 Term Deposits HDFC Bank Ltd IndusInd Bank Ltd Term Deposits - Total 0.89 Collateral Borrowing & Lending obligation 1.76 Net Current / (Liabilities) 3.03 Grand Total Financial Services Energy Consumer Goods Automobile Cement & Cement Products Cash & Cash Equivalent Construction Industrial Manufacturing Information Technology Services Data as on July 31, 2018 Product Label LOW Investors understand that their principal will be at moderately high risk 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. HIGH Monthly SIP of ` Total amount invested ( `) Total Value as on July 31, 2018( `) Returns (%) Nifty 200 (TRI) ( `)# Nifty 200 (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 7 years 5 years 3 years 1 year 10,70,000 8,40,000 6,00,000 3,60,000 1,20,000 23,87,165 16,71,266 9,51,713 4,63,576 1,27, ,11,105 14,60,138 8,85,324 4,65,130 1,29, ,49,463 14,12,576 8,67,864 4,68,248 1,32, 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 July 31, 2018: ` (Dividend Option), ` (Direct Dividend Option), ` (Growth Option), ` (Direct Growth Option) *For Fund Manager experience, please refer page ## Risk rate assumed to be 6.25% (FBIL Overnight MIBOR rate as on 31st July 2018). **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* AAUM: AUM: Investment Objective 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 Midcap 100 Allotment date: March 30, 2007 Folio count: 2,60,911 Source: ICRA MFI Explorer. Minimum Investment Amount 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 Load Structure Entry Load: Nil. (applicable for all plans) Exit Load: a) For redemptions / switch outs (including SIP/STP) within 1 year from the date of allotment of units:1%. b) For redemption/switch outs (including SIP/STP) after 1 year from the date of allotment of units: Nil. Total Expense Ratio** Regular: 2.34%; Direct: 1.34% 41.81% % Equity & Equity related Bharat Financial Inclusion Limited Finance 4.02 RBL Bank Ltd Banks 3.59 Schaeffler India Ltd Industrial Products 3.29 The Ramco Cements Ltd Cement 3.20 Atul Ltd. Chemicals 2.94 Supreme Industries Limited Industrial Products 2.91 Finolex Cables Ltd. Industrial Products 2.73 Solar Industries India Limited Chemicals 2.71 Shriram City Union Finance Ltd. Finance 2.60 Thermax Ltd. Industrial Capital Goods 2.57 Emami Ltd. Consumer Non Durables 2.44 APL Apollo Tubes Limited Ferrous Metals 2.23 Federal Bank Ltd. Banks 2.16 Edelweiss Financial Services Ltd Finance 2.07 Coromandel International Ltd. Fertilisers 1.99 SKF India Ltd Industrial Products 1.97 Amara Raja Batteries Ltd. Auto Ancillaries 1.95 Sundaram Finance Ltd. Finance 1.89 Tata Global Beverages Limited Consumer Non Durables 1.87 Godrej Agrovet Ltd Consumer Non Durables 1.85 Motherson Sumi Systems Ltd. Auto Ancillaries 1.82 Mahindra & Mahindra Financial Services Ltd. Finance 1.75 Torrent Pharmaceuticals Ltd. Pharmaceuticals 1.66 Kajaria Ceramics Ltd. Construction 1.65 P I INDUSTRIES LTD Pesticides 1.65 Lux Industries Limited Textile Products 1.64 Apollo Hospitals Enterprises Ltd. Healthcare Services 1.63 Bata India Ltd. Consumer Durables 1.63 City Union Bank Ltd. Banks 1.60 AU Small Finance Bank Ltd. Banks 1.58 Future Retail Ltd. Retailing 1.57 Kewal Kiran Clothing Limited. Textile Products 1.51 SRF Ltd. Textile Products 1.50 Abbott India Ltd. Pharmaceuticals 1.49 Eris Lifesciences Ltd Pharmaceuticals 1.43 Whirlpool of India Ltd. Consumer Durables 1.41 Notes: Term Deposit as provided above is towards margin for derivatives transactions. Large Cap, Midcap and Small cap stocks as a % age of Net : 3.76%, 64.80% & 30.43% SECTOR ALLOCATION (%) Indraprastha Gas Ltd. Gas 1.38 Exide Industries Ltd Auto Ancillaries 1.33 TI Financial Holding ltd. Finance 1.31 Oberoi Realty Ltd Construction 1.30 Gujarat State Petronet Ltd. Gas 1.28 Eveready Industries India Ltd. Consumer Non Durables 1.18 Navneet Education Ltd. Media and Entertainment 1.02 Divi s Laboratories Limited Pharmaceuticals 1.01 Kirloskar Oil Engines Ltd. Industrial Products 0.98 Laurus Labs Ltd Pharmaceuticals 0.98 Hawkins Cooker Ltd Household Appliances 0.92 Ramkrishna Forgings Ltd. Industrial Products 0.90 V-Guard Industries Ltd. Industrial Capital Goods 0.88 Voltas Ltd. Construction Project 0.88 Bharat Earth Movers Ltd. Industrial Capital Goods 0.87 Bajaj Finance Limited Finance 0.86 MRF Limited Auto Ancillaries 0.84 Persistent Systems Limited Software 0.80 PNC Infratech Ltd Construction 0.70 Jindal Steel & Power Ltd. Ferrous Metals 0.66 Sheela Foam Ltd Consumer Durables 0.64 WPIL Ltd Industrial Products 0.64 ICICI Securities Ltd Finance and Investments 0.37 Bharat Forge Ltd. Industrial Products 0.24 D-Link (India) Ltd Hardware 0.24 HDFC Asset Management Company Ltd. Finance 0.18 Sundaram Finance Holdings Limited. Finance 0.12 Equity & Equity Related - Total Term Deposits Ratnakar Bank Ltd 0.30 Term Deposits - Total 0.30 Collateral Borrowing & Lending obligation 1.13 Net Current / (Liabilities) Grand Total Financial Services Industrial Manufacturing Consumer Goods Pharma Automobile Chemicals Construction Fertilisers & Pesticides Cement & Cement Products Textiles Data as on July 31, 2018 Product Label LOW Investors understand that their principal will be at moderately high risk 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. HIGH Monthly SIP of ( `) Total amount invested ( `) Total Value as on July 31, 2018 ( `) 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 13,70,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000 40,03,400 34,24,020 18,36,864 10,13,877 4,44,358 1,20, ,54,312 28,60,576 15,84,406 9,29,190 4,39,807 1,18, ,99,394 24,27,348 14,12,576 8,67,864 4,68,248 1,32, 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 July 31, 2018: ` (Dividend Option), ` (Direct Dividend Option), ` (Growth Option), ` (Direct Growth Option) *For Fund Manager experience, please refer page ## Risk rate assumed to be 6.25% (FBIL Overnight MIBOR rate as on 31st July 2018). **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 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* AAUM: AUM: Investment Objective 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: 1,38,955 Source: ICRA MFI Explorer. Minimum Investment Amount 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 Load Structure Entry Load: Nil. (applicable for all plans) Exit Load: a) For redemptions / switch outs (including SIP/STP) within 1 year from the date of allotment of units: 1% b) For redemptions / switch outs (including SIP/STP) after 1 year from the date of allotment of units: NIL Total Expense Ratio** Regular: 2.09%; Direct: 1.02% 80.61% % Equity & Equity related HDFC Bank Ltd. Banks 6.39 Reliance Industries Ltd. Petroleum Products 5.33 Tata Consultancy Services Ltd. Software 4.66 Bharat Financial Inclusion Limited Finance 4.39 Infosys Ltd. Software 4.27 HDFC Ltd. Finance 3.90 Larsen And Toubro Ltd. Construction Project 3.56 Gujarat State Petronet Ltd. Gas 2.94 Thermax Ltd. Industrial Capital Goods 2.75 The Ramco Cements Ltd Cement 2.43 ICICI Bank Ltd. Banks 2.38 Coromandel International Ltd. Fertilisers 2.37 GAIL (India) Ltd. Gas 2.08 ICICI Lombard General Insurance Company Ltd Finance 1.99 Axis Bank Ltd Banks 1.94 Max Financial Services Ltd. Finance 1.94 Schaeffler India Ltd Industrial Products 1.85 Avenue Supermarts Ltd Retailing 1.79 Bajaj Finance Limited Finance 1.79 Jindal Steel & Power Ltd. Ferrous Metals 1.77 Godrej Agrovet Ltd Consumer Non Durables 1.72 Bata India Ltd. Consumer Durables 1.69 Maruti Suzuki India Limited Auto 1.67 Shree Cement Ltd. Cement 1.66 Indian Bank Banks 1.61 Indraprastha Gas Ltd. Gas 1.57 Inter Globe Aviation Ltd Transportation 1.42 Jubilant Foodworks Limited Consumer Non Durables 1.37 Century Textiles & Industries Ltd. Cement 1.34 Petronet LNG Ltd. Gas 1.34 TI Financial Holding ltd. Finance 1.30 AIA Engineering Limited Industrial Products 1.29 Torrent Pharmaceuticals Ltd. Pharmaceuticals 1.28 OCL India Ltd Cement 1.22 Edelweiss Financial Services Ltd Finance 1.19 ITC Ltd. Consumer Non Durables 1.16 Zee Entertainment Enterprises Ltd Media and Entertainment 1.03 AU Small Finance Bank Ltd. Banks 1.01 DR.Lal Pathlabs Ltd Healthcare Services 1.01 Arvind Ltd Textile Products 0.99 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 : 50.29%, 36.23% & 11.14% SECTOR ALLOCATION (%) Colgate Palmolive (India ) Ltd. Consumer Non Durables 0.98 Healthcare Global Enterprises Ltd Healthcare Services 0.98 Bharat Earth Movers Ltd. Industrial Capital Goods 0.96 SRF Ltd. Textile Products 0.88 Emami Ltd. Consumer Non Durables 0.81 Heritage Foods Ltd Consumer Non Durables 0.81 Linde India Ltd. Chemicals 0.73 JK Cement Ltd. Cement 0.69 Whirlpool of India Ltd. Consumer Durables 0.63 HDFC Ltd. Warrants Finance 0.60 Techno Electric & Engineering Co Ltd. Construction Project 0.53 Equitas Holdings Ltd Finance 0.47 National Buildings Construction Corporation Limited Construction 0.34 Hero MotoCorp Ltd. Auto 0.32 HDFC Asset Management Company Ltd. Finance 0.22 Swaraj Engines Ltd Industrial Products 0.20 Equity & Equity Related - Total % Redm Preference Sh Zee Entertainment Enterprises Ltd Media and Entertainment 0.04 Preference Share - Total 0.04 Futures The Ramco Cements Ltd-AUG Inter Globe Aviation Ltd-AUG Futures (Market value represents Notional Value) - Total 0.12 Term Deposits HDFC Bank Ltd AXIS Bank Ltd Term Deposits - Total 0.92 Collateral Borrowing & Lending obligation 0.70 Net Current / (Liabilities) 0.68 Grand Total Financial Services Energy Consumer Goods Information Technology Industrial Manufacturing Cement & Cement Products Construction Fertilisers & Pesticides Cash & Cash Equivalent Automobile Data as on July 31, 2018 Product Label LOW Investors understand that their principal will be at moderately high risk 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. HIGH Monthly SIP of ( `) Total amount invested ( `) Total Value as on July 31, 2018( `) Returns (%) Nifty 200 (TRI) ( `)# Nifty 200 (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 16,70,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000 53,36,361 27,19,712 15,31,349 8,96,750 4,45,575 1,23, ,58,090 25,21,240 14,60,138 8,85,324 4,65,130 1,29, ,67,807 24,27,292 14,12,576 8,67,864 4,68,248 1,32, 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 July 31, 2018: ` (Dividend Option), ` (Direct Dividend Option), ` (Growth Option), ` (Direct Growth Option) *For Fund Manager experience, please refer page ## Risk rate assumed to be 6.25% (FBIL Overnight MIBOR rate as on 31st July 2018). **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: AAUM: AUM: Investment Objective 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: 90,986 Minimum Investment Amount 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 Load Structure Entry Load: Nil. (applicable for all plans) Exit Load: a) For redemptions / switch outs (including SIP/STP) within 1 year from the date of allotment of units: 1%. b) For redemption/switch outs (including SIP/STP) after 1 year from the date of allotment of units: Nil. Total Expense Ratio** Regular: 2.29%; Direct: 1.15% 80.35% % Equity & Equity related HDFC Bank Ltd. Banks 8.51 Reliance Industries Ltd. Petroleum Products 7.58 IndusInd Bank Ltd. Banks 5.35 ITC Ltd. Consumer Non Durables 4.16 Maruti Suzuki India Limited Auto 3.81 ICICI Bank Ltd. Banks 3.63 Mahindra & Mahindra Ltd. Auto 3.45 Larsen And Toubro Ltd. Construction Project 3.10 Tata Consultancy Services Ltd. Software 3.00 Infosys Ltd. Software 2.92 Tech Mahindra Ltd. Software 2.87 GAIL (India) Ltd. Gas 2.64 Axis Bank Ltd Banks 2.51 State Bank Of India Banks 2.37 HDFC Ltd. Warrants Finance 2.04 Motherson Sumi Systems Ltd. Auto Ancillaries 2.04 Asian Paints Ltd. Consumer Non Durables 1.90 Yes Bank Ltd Banks 1.81 GlaxoSmithkline Consumer Healthcare Ltd Consumer Non Durables 1.59 Cadila Healthcare Ltd. Pharmaceuticals 1.58 Zee Entertainment Enterprises Ltd Media and Entertainment 1.48 RBL Bank Ltd Banks 1.45 Sun TV Network Ltd. Media and Entertainment 1.44 ICICI Lombard General Insurance Company Ltd Finance 1.31 Shree Cement Ltd. Cement 1.31 Sanofi India Ltd. Pharmaceuticals 1.26 Solar Industries India Limited Chemicals 1.26 Bandhan Bank Limited Banks 1.24 Dabur India Ltd Consumer Non Durables 1.18 Bata India Ltd. Consumer Durables 1.15 HDFC Ltd. Finance 1.12 Schaeffler India Ltd Industrial Products 1.11 Vedanta Ltd. Non - Ferrous Metals 1.09 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 : 81.09%, 9.77% & 6.87% SECTOR ALLOCATION (%) Indraprastha Gas Ltd. Gas 1.07 Nestle India Ltd. Consumer Non Durables 1.05 Edelweiss Financial Services Ltd Finance 0.98 Laurus Labs Ltd Pharmaceuticals 0.96 Britannia Industries Ltd. Consumer Non Durables 0.94 Amara Raja Batteries Ltd. Auto Ancillaries 0.87 Jindal Steel & Power Ltd. Ferrous Metals 0.87 Supreme Industries Limited Industrial Products 0.85 Kajaria Ceramics Ltd. Construction 0.84 The Ramco Cements Ltd Cement 0.83 Bharat Earth Movers Ltd. Industrial Capital Goods 0.82 OCL India Ltd Cement 0.73 Inter Globe Aviation Ltd Transportation 0.72 Eicher Motors Ltd Auto 0.71 Ultratech Cement Ltd. Cement 0.59 Bharat Petroleum Corporation Ltd. Petroleum Products 0.55 MRF Limited Auto Ancillaries 0.42 Equity & Equity Related - Total Futures Hindustan Zinc Ltd. -AUG Inter Globe Aviation Ltd -AUG Futures (Market value represents Notional Value) - Total 0.68 Term Deposits HDFC Bank Ltd Term Deposits - Total 0.46 Collateral Borrowing & Lending obligation 2.17 Net Current / (Liabilities) Grand Total Financial Services Energy Consumer Goods Automobile Information Technology Construction Pharma Metals Media & Entertainment Industrial Manufacturing Data as on July 31, 2018 Product Label LOW HIGH Investors understand that their principal will be at moderately high risk 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. Monthly SIP of ( `) Total amount invested ( `) Total Value as on July 31, 2018( `) Returns (%) Nifty 50 (TRI) ( `)# Nifty 50 (TRI) Returns (%) S&P BSE SENSEX (TRI) ( `)^ 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 23,60,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000 1,70,78,601 24,37,555 14,14,173 8,56,174 4,41,840 1,28, ,19,94,144 2,425,148 14,11,296 8,67,078 4,67,824 1,32, ,16,89,517 24,58,015 14,24,996 8,73,021 4,75,481 1,34, 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 July 31, 2018: ` (Dividend Option), ` (Direct Dividend Option), ` (Growth Option), ` (Direct Growth Option) *For Fund Manager experience, please refer page ## Risk rate assumed to be 6.25% (FBIL Overnight MIBOR rate as on 31st July 2018). **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* AAUM: AUM: Investment Objective 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 ` crs ` crs : NIFTY Smallcap 50 Allotment date: February 24, 2005 Folio count: 58,618 Source: ICRA MFI Explorer. Minimum Investment Amount 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 Load Structure Entry Load: Nil. (applicable for all plans) Exit Load: a) For redemptions / switch outs (including SIP/STP) within 1 year from the date of allotment of units:1% b) For redemptions / switch outs (including SIP/STP) after 1 year from the date of allotment of units: NIL Total Expense Ratio** Regular: 2.53%; Direct: 1.40% 76.91% % Equity & Equity related Atul Ltd. Chemicals 3.90 Dixon Technologies India Ltd Consumer Durables 3.77 Solar Industries India Limited Chemicals 3.15 Techno Electric & Engineering Co Ltd. Construction Project 3.04 Apollo Pipes Ltd Finance and Investments 2.89 JK Cement Ltd. Cement 2.66 Schaeffler India Ltd Industrial Products 2.64 Prataap Snacks Ltd Consumer Non Durables 2.56 RBL Bank Ltd Banks 2.52 APL Apollo Tubes Limited Ferrous Metals 2.35 V.S.T Tillers Tractors Ltd Auto 2.28 JMC Projects (India) Ltd Construction 2.24 Carborundum Universal Ltd. Industrial Products 2.15 Galaxy Surfactants Ltd Chemicals 2.14 Ratnamani Metals & Tubes Ltd. Ferrous Metals 2.14 Kewal Kiran Clothing Limited. Textile Products 2.11 Finolex Cables Ltd. Industrial Products 2.02 Thermax Ltd. Industrial Capital Goods 1.95 Shriram City Union Finance Ltd. Finance 1.94 Lux Industries Limited Textile Products 1.87 Heritage Foods Ltd Consumer Non Durables 1.81 Laurus Labs Ltd Pharmaceuticals 1.76 Persistent Systems Limited Software 1.75 Mahindra Lifespace Developers Ltd Construction 1.72 Supreme Industries Limited Industrial Products 1.72 SKF India Ltd Industrial Products 1.65 AU Small Finance Bank Ltd. Banks 1.64 Eveready Industries India Ltd. Consumer Non Durables 1.62 Blue Star Ltd. Consumer Durables 1.60 IndusInd Bank Ltd. Banks 1.60 Hawkins Cooker Ltd Household Appliances 1.55 Hindustan Oil Exploration Company Ltd. Oil 1.54 Vardhman Textiles Ltd. Textiles - Cotton 1.48 Nilkamal Plastics Limited. Industrial Products 1.47 Shoppers Stop Ltd. Retailing 1.45 The Ramco Cements Ltd Cement 1.45 Note: Large Cap, Midcap and Small cap stocks as a % age of Net : 7.61%, 18.44% & 73.19% SECTOR ALLOCATION (%) Amber Enterprises India Ltd Consumer Durables 1.40 Bajaj Finance Limited Finance 1.40 Federal Bank Ltd. Banks 1.39 MRF Limited Auto Ancillaries 1.37 Sheela Foam Ltd Consumer Durables 1.34 Sadbhav Engineering Ltd. Construction Project 1.26 Apar Industries Limited Industrial Capital Goods 1.25 Mahindra & Mahindra Financial Services Ltd. Finance 1.20 Torrent Pharmaceuticals Ltd. Pharmaceuticals 1.17 Bharat Earth Movers Ltd. Industrial Capital Goods 1.07 Varroc Engineering Ltd. Auto Ancillaries 1.03 Sun TV Network Ltd. Media and Entertainment 0.98 PVR Ltd Media and Entertainment 0.94 Sundaram Finance Ltd. Finance 0.92 Motherson Sumi Systems Ltd. Auto Ancillaries 0.90 Navneet Education Ltd. Media and Entertainment 0.88 Vinati Organics Ltd Chemicals 0.83 Cadila Healthcare Ltd. Pharmaceuticals 0.78 Security and Intelligence Services India Ltd Commercial Services 0.78 Strides Shasun Ltd. Pharmaceuticals 0.76 Shree Cement Ltd. Cement 0.63 Punjab National Bank Banks 0.52 Brigade Enterprises Limited Construction 0.22 Sundaram Finance Holdings Limited. Finance 0.08 Solara Active Pharma Sciences Ltd. Pharmaceuticals 0.06 Equity & Equity Related - Total Options CNX NIFTY Put Option - August Options Total 0.05 Collateral Borrowing & Lending obligation 1.20 Net Current / (Liabilities) Grand Total Industrial Manufacturing Consumer Goods Financial Services Chemicals Construction Automobile Cement & Cement Products Pharma Metals Textiles Data as on July 31, 2018 Product Label LOW Investors understand that their principal will be at moderately high risk This product is suitable for investors who are seeking*: 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. HIGH Monthly SIP of ( `) Total amount invested ( `) Total Value as on July 31, 2018( `) 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 16,20,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000 49,83,554 31,15,468 16,41,205 9,29,025 4,22,478 1,15, NA 21,70,219 13,51,715 8,21,860 3,97,883 1,07,205 NA ,01,590 24,27,348 14,12,576 8,67,864 4,68,248 1,32, 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 July 31, 2018: ` (Dividend Option), ` (Direct Dividend Option), ` (Growth Option), ` (Direct Growth Option) *For Fund Manager experience, please refer page ## Risk rate assumed to be 6.25% (FBIL Overnight MIBOR rate as on 31st July 2018). **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* AAUM: AUM: Investment Objective 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: 1,33,126 Source: ICRA MFI Explorer. Minimum Investment Amount Initial Investment: `500 and in multiple of `500 Additional Investment: `500 & in multiples of `500 Ideal Investments Horizon: 3 years & above Load Structure Entry Load: Nil. (applicable for all plans) Exit Load: Exit Load is not applicable for Kotak Tax Saver. (applicable for all plans) Total Expense Ratio** Regular: 2.43%; Direct: 1.38% 65.22% % Equity & Equity related HDFC Bank Ltd. Banks 6.73 Reliance Industries Ltd. Petroleum Products 6.32 Tata Consultancy Services Ltd. Software 4.24 Larsen And Toubro Ltd. Construction Project 4.11 Infosys Ltd. Software 3.95 HDFC Ltd. Finance 3.85 Bharat Financial Inclusion Limited Finance 3.42 GlaxoSmithkline Consumer Healthcare Ltd Consumer Non Durables 3.34 AU Small Finance Bank Ltd. Banks 3.27 ICICI Bank Ltd. Banks 2.74 Shree Cement Ltd. Cement 2.63 Thermax Ltd. Industrial Capital Goods 2.57 GAIL (India) Ltd. Gas 2.41 Bajaj Finance Limited Finance 2.26 RBL Bank Ltd Banks 2.25 Whirlpool of India Ltd. Consumer Durables 2.24 SKF India Ltd Industrial Products 2.16 Ultratech Cement Ltd. Cement 2.16 Mahanagar Gas Ltd Gas 2.04 OCL India Ltd Cement 2.00 Solar Industries India Limited Chemicals 1.72 Hindustan Unilever Ltd. Consumer Non Durables 1.67 Axis Bank Ltd Banks 1.42 Yes Bank Ltd Banks 1.42 Bata India Ltd. Consumer Durables 1.40 The Ramco Cements Ltd Cement 1.39 Nestle India Ltd. Consumer Non Durables 1.36 Cadila Healthcare Ltd. Pharmaceuticals 1.23 Maruti Suzuki India Limited Auto 1.23 Gujarat State Petronet Ltd. Gas 1.15 Techno Electric & Engineering Co Ltd. Construction Project 1.10 Arvind Ltd Textile Products 1.08 SECTOR ALLOCATION (%) AIA Engineering Limited Industrial Products 1.06 Amara Raja Batteries Ltd. Auto Ancillaries 1.06 APL Apollo Tubes Limited Ferrous Metals 1.04 Colgate Palmolive (India ) Ltd. Consumer Non Durables 1.03 SRF Ltd. Textile Products 1.00 UPL Ltd Pesticides 0.99 Jindal Steel & Power Ltd. Ferrous Metals 0.93 Vedanta Ltd. Non - Ferrous Metals 0.93 Hindustan Oil Exploration Company Ltd. Oil 0.90 Container Corporation of India Ltd. Transportation 0.86 Max Financial Services Ltd. Finance 0.86 Zee Entertainment Enterprises Ltd Media and Entertainment 0.85 JMC Projects (India) Ltd Construction 0.84 Linde India Ltd. Chemicals 0.83 Hindalco Industries Ltd Non - Ferrous Metals 0.82 Laurus Labs Ltd Pharmaceuticals 0.70 SpiceJet Ltd. Transportation 0.70 Hawkins Cooker Ltd Household Appliances 0.53 Strides Shasun Ltd. Pharmaceuticals 0.49 Blue Dart Express Ltd. Transportation 0.40 KSB Pump Ltd Industrial Products 0.39 Equity & Equity Related - Total % Redm Preference Sh Zee Entertainment Enterprises Ltd Media and Entertainment 0.08 Preference Shares - Total 0.08 Collateral Borrowing & Lending obligation 1.93 Net Current / (Liabilities) Grand Total Financial Services Energy Consumer Goods Information Technology Industrial Manufacturing Cement & Cement Products Construction Metals Chemicals Services Data as on July 31, 2018 Product Label 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. 7 LOW Investors understand that their principal will be at moderately high risk HIGH Monthly SIP of ( `) Total amount invested ( `) Total Value as on July 31, 2018 ( `) Returns (%) Nifty 500 (TRI) ( `)# Nifty 500 (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 15,30,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000 35,39,856 25,31,672 14,66,061 8,86,449 4,39,663 1,24, ,70,913 25,41,349 14,70,903 8,89,643 4,62,615 1,27, ,43,684 24,27,348 14,12,576 8,67,864 4,68,248 1,32, 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 July 31, 2018: ` (Dividend Option), ` (Direct Dividend Option), ` (Growth Option) ` (Direct Growth Option) *For Fund Manager experience, please refer page ## Risk rate assumed to be 6.25% (FBIL Overnight MIBOR rate as on 31st July 2018). **Total Expense Ratio includes applicable B30 fee and GST. For last three dividends, please refer page no For scheme performance, please refer page no