Half Yearly Portfolio of the Schemes / Plans as on September 30, 2008 (Unaudited)

Transcription

1 4. Details of large holdings (over 25% of the NAV of the respective Schemes/Plans) as on September 30, 2008: Particulars Kotak Floater Long Term Kotak Equity Arbitrage Fund No of Investors 1 1 Holding % Bonus declared during the half year: - None 6. Scheme wise balance of Deferred Revenue Expenditure as on September 30, 2008 is as under: Kotak Global India - Rs Lakhs; Kotak Tax saver - Rs Lakhs; Kotak Lifestyle - Rs Lakhs; Kotak IncomePlus - Rs Lakhs; Kotak Flexi FOF - Rs 0.23 Lakhs; Kotak Flexi FOF Series I - Rs Lakhs; Kotak Twin Advantage Series II - Rs Lakhs; Kotak Flexi FOF Series II - Rs Lakhs; Kotak Twin Advantage Series III - Rs Lakhs; Kotak Dynamic Asset Allocation Scheme - Rs Lakhs, Kotak Wealth Builder Series I - Rs Lakhs; Kotak Emerging Equity Scheme - Rs Lakhs,; Kotak Global Emerging Market Fund - Rs. 1, Lakhs; Kotak Blended FOF - Rs Lakha; Kotak Indo World Infrastructure Fund - Rs. 4, Lakhs; Kotak FMP 12M Series 4 - Rs Lakhs; Kotak FMP 17M Series 1 - Rs Lakhs; Kotak FMP 16M Series 2 - Rs Lakhs. 7. Borrowings if any, above 10% of the Net of any Scheme: - Nil 8. Notional Exposure of more than 10% of the Net of any Scheme investing in derivative products: - Kotak Midcap Scheme with net long position in futures exposure amounting to Rs. 1, Lakhs comprising 10.75%, Kotak Equity Arbitrage Fund Scheme with net short position in futures exposure amounting to Rs 21, Lakhs comprising 74.92% and Kotak Dynamic Asset Allocation Scheme with net long position in futures exposure amounting to Rs. 42, Lakhs comprising % of Net of the scheme. 9. Illiquid Securities: Following are the Illiquid securities in Kotak Tech as on September 30, 2008 Scheme Company Name Fair Value Percentage of Fair (Rs in Lakhs) value to Net assets Kotak Tech Virtual Dynamics Software Limited NIL - Kotak Tech SRM Radiant Infotech Limited NIL Unclaimed and Redemption Proceeds: The amounts of unclaimed dividends and unclaimed redemption proceeds as on September 30, 2008 and the number of investors to whom the amounts are payable are as follows: Particulars Kotak Bond Kotak Bond Kotak Kotak Floater Kotak Floater Kotak Flexi Kotak Gilt Kotak Gilt Kotak 30 Kotak Kotak Kotak MNC Kotak Kotak Kotak Kotak Kotak Tax Short Term Liquid Short Term Long Term Debt Scheme Savings Plan Investment Plan Balance Technology Global India Opportunities Midcap Contra Saver Scheme (Rs. in Lakhs) Unclaimed (Rs. Lakhs) Unclaimed (No. of investors) Unclaimed Redemption Proceeds (Rs. Lakhs) # Unclaimed Redemption (No. of investors) Particulars Kotak Kotak Kotak Kotak Equity Kotak Kotak Kotak Kotak Kotak Kotak FMP Kotak Quarterly Kotak Kotak FMP Kotak FMP Kotak FMP Kotak Mahindra Kotak FMP Kotak FMP 3M Life Style Income Plus Equity FOF Arbitrage Fund Twin Advantage Flexi FOF Twin Advantage Emerging Global Emerging 14M Series 2 Interval Plan Dynamic Series XVI * 3M Series 17 * 3M Series 21 * Gilt Serial 2003 * 3M Series 2 * Series 7 * Series II Series II Series III Equity Scheme Market Fund Series 1 Income * Unclaimed (Rs. Lakhs) # 0.00 # Unclaimed (No. of investors) Unclaimed Redemption Proceeds (Rs. Lakhs) Unclaimed Redemption (No. of investors) * Matured Scheme. # Less than Rs Lakhs For Kotak Mahindra Trustee Company Ltd 11. Short Names: Following short names have been used in the presentation of results. Short Name used Scheme Name Kotak Gilt Kotak Mahindra Gilt Unit Scheme 98 Kotak 30 Kotak Mahindra 30 Unit Scheme Kotak Bond * Kotak Mahindra Bond Unit Scheme 99 Kotak Balance Kotak Mahindra Balance Unit Scheme 99 Kotak Tech Kotak Mahindra Technology Scheme Kotak MNC Kotak Mahindra MNC Scheme Kotak Liquid Kotak Mahindra Liquid Scheme Kotak Bond Short Term Kotak Mahindra Bond Unit Scheme 99-Short Term Plan Kotak Dynamic Income Kotak Mahindra Dynamic Income Scheme Kotak Income Plus Kotak Mahindra Income Plus Scheme Kotak Global India Kotak Mahindra Global India Scheme Kotak Floater Short Term Kotak Floater Short Term Scheme Kotak Floater Long Term Kotak Floater Long Term Scheme Kotak Flexi Debt Kotak Flexi Debt Scheme Kotak Midcap Kotak Midcap Scheme Kotak Dynamic FOF Kotak Dynamic Fund of Funds Kotak Contra Kotak Contra Scheme Kotak Flexi FOF Kotak Flexi Fund of Funds Kotak Tax Saver Kotak Tax Saver Scheme Kotak Lifestyle Kotak Lifestyle Fund * When not suffixed with name of Plan, to be understood to comprise of Regular & Deposit Plans. Director: Girish Sharedalal Director: Anirudha Barwe Mumbai Date: October 22, 2008 For Kotak Mahindra Asset Management Company Ltd Director: Bipin R. Shah Director: Narayan S. A. Mumbai Date: October 22, 2008 Combined Risk Factors: Mutual Funds investments are subject to market risks and there is no assurance or guarantee that the objectives of the Schemes will be achieved * As with any securities investment, the NAV of the Units issued under the Schemes can go up or down depending on the factors and forces affecting the capital and money markets. * Past performance of the Sponsor/ AMC/ Fund or that of existing Schemes of the Fund does not indicate the future performance of the Schemes * Kotak 30, Kotak Gilt, Kotak Bond, Kotak Bond Short term, Kotak Balance, Kotak Tech, Kotak MNC, Kotak Liquid, Kotak Floater Short Term, Kotak Income Plus Scheme, Kotak Global India, Kotak Equity FOF, Kotak Opportunities, Kotak Floater Long Term, Kotak Flexi Debt, Kotak Midcap, Kotak Dynamic FOF, Kotak Contra, Kotak Lifestyle, Kotak Emerging Equity Scheme, Kotak Dynamic Asset Allocation Scheme, Kotak Wealth Builder Series I, Kotak Equity Arbitrage Fund, Kotak Flexi FOF, Kotak Tax Saver, Kotak Flexi FOF Series - I, Kotak Flexi Fund of Funds Series - II, Kotak Twin Advantage - Series II, Kotak Twin Advantage Series III, Kotak Gold ETF, Kotak Global Emerging Market Fund, Kotak PSU Bank ETF, Kotak Blended FOF, Kotak Indo World Infrastructure Fund, Kotak FMP 16M Series 1, Kotak FMP 15M Series 2, Kotak FMP 14M Series 1, Kotak FMP 13M Series 1, Kotak FMP 13M Series 2, Kotak FMP 14M Series 2, Kotak FMP 15M Series 3, Kotak FMP 12M Series 1, Kotak Quarterly Interval Plan - Series 1, Kotak Quarterly Interval Plan - Series 2, Kotak FMP 12M Series 2, Kotak FMP 12M Series 4, Kotak Quarterly Interval Plan - Series 3, Kotak FMP 17M Series, Kotak Quarterly Interval Plan - Series 4, Kotak FMP 16M Series 2, Kotak Quarterly Interval Plan - Series 5, Kotak Quarterly Interval Plan - Series 6, Kotak FMP 14M Series 3, Kotak FMP 14M Series 4, Kotak FMP 3M Series 27, Kotak FMP 13M Series 3, Kotak FMP 3M Series 28, Kotak FMP 13M Series 4, Kotak FMP 15M Series 4, Kotak FMP 3M Series 29, KOTAK FMP 12M Series 5, Kotak FMP 15M Series 5, Kotak FMP 3M Series 30, KOTAK FMP 12M Series 6, KOTAK FMP 12M Series 7, Kotak FMP 1M Series 1, Kotak FMP 3M Series 31, Kotak FMP 1M Series 2, Kotak FMP 3M Series 32, Kotak FMP 3M Series 33, Kotak FMP 12M Series 8, Kotak FMP 1M Series 3, Kotak FMP 6M Series 7, Kotak Monthly Interval Plan Series 2, Kotak Quarterly Interval Plan - Series 7, Kotak FMP 12M Series 9, Kotak Monthly Interval Plan Series 3, and Kotak Quarterly Interval Plan - Series 8 are only the names of the Schemes and do not in any manner indicate the quality of the Schemes, future prospects or returns. * For scheme wise investment objectives, investment strategy, suitability, scheme specific risk factors and such other information on the scheme please refer Offer Documents of respective scheme. Offer Documents are available on our website The above information should not be considered as an advertisement for promoting investments into any of the schemes; it is only a disclosure of half-yearly Unaudited Financial Results required to be disclosed as per SEBI Circular No. MFD/CIR/1/200/2001 dated April 20, Statutory Information: Kotak Mahindra Mutual Fund has been established as a trust under the Indian Trusts Act, 1882, by Kotak Mahindra Bank Limited (liability Rs. NIL) with Kotak Mahindra Trustee Company Limited as the Trustee and with Kotak Mahindra Asset Management Company Limited as the Investment Manager. On written request, present and prospective Unitholders/ investors can obtain a copy of the Trust Deed, supplemental trust deed, the Annual Report at a price and the text of the relevant scheme. Unit holders may obtain, on request, a copy of the Annual Report of the scheme in which he or she has invested, from Kotak Mahindra Mutual Fund at its office at 5A, 5th Floor, Bakhtawar, 229, Nariman Point, Mumbai Unit holders may also obtain, on request, a copy each of the Annual Report of Kotak Mahindra Asset Management Company Limited and the Trust Deed. Before investing, please read the Offer Documents. The abridged financial statements for the period ended on that date, together with the notes thereto, were approved by the Board of Kotak Mahindra Asset Management Company Limited and the Board of Kotak Mahindra Trustee Company Limited at their meeting held on October 22, 2008 Before investing, please read the respective Offer Documents. Office address: 5A, 5th Floor, Bakhtawar, 229, Nariman Point, Mumbai Telephone: mutual@kotak.com Website: Half Yearly Portfolio of the Schemes / Plans as on September 30, 2008 (Unaudited) (Rs. in Lakhs) Kotak 30 Name of Instrument Industry Quantity Reliance Industries Ltd. Petroleum Products , Bharti Airtel Ltd. Telecom - Services , Oil & Natural Gas Corporation Ltd. Oil , Bharat Heavy Electricals Ltd. Industrial Capital Goods , Larsen And Toubro Ltd. Diversified , HDFC Ltd. Finance , Infosys Technologies Ltd. Software , State Bank Of India Banks , ITC Ltd. Consumer Non Durables , ICICI Bank Ltd. Banks , Axis Bank Ltd Banks , Sun Pharmaceuticals Industries Ltd. Pharmaceuticals , GAIL (India) Ltd. Gas , Zee Entertainment Enterprises Ltd Media and Entertainment , Reliance Infrastructure Ltd Power , HDFC Bank Ltd. Banks , Reliance Communications Ltd. Telecom - Services , Crompton Greaves Ltd. Industrial Capital Goods , Tata Power Co. Ltd. Power , Aditya Birla Nuvo Limited Textile Products , Punj Lloyd Ltd. Construction , Hindustan Unilever Ltd. Diversified , Lupin Ltd. Pharmaceuticals , Steel Authority of India Ltd. Ferrous Metals , United Spirits Ltd. Consumer Non Durables , Sintex Industries Ltd. Industrial Products Satyam Computer Services Ltd. Software Tata Consultancy Services Ltd. Software Sterlite Industries (India) Ltd Non - Ferrous Metals Patel Engineering Ltd. Construction Welspun Gujarat Stahl Rohren Ltd. Ferrous Metals Jindal Steel & Power Ltd. Ferrous Metals Jaiprakash Associates Ltd Construction GMR Infrastructure Ltd. Construction Reliance Petroleum Ltd. Petroleum Products Total 61, ICICI Bank Ltd.-October Reliance Petroleum Ltd.-October Total NIFTY Put Option - October NIFTY Put Option - October Total FRD Indian Railway Finance Corporation Ltd. AAA Total Commercial Paper (CP)/Certificate of Deposits (CD) CP Gruh Finance Ltd P , CD UCO Bank P CP TATA Capital Ltd A Total 3, Kotak Mahindra Bank Ltd. 93 Days Kotak Mahindra Bank Ltd. 179 Days Kotak Mahindra Bank Ltd. 94 Days Kotak Mahindra Bank Ltd. 182 Days Kotak Mahindra Bank Ltd. 366 Days Kotak Mahindra Bank Ltd. 92 Days Kotak Mahindra Bank Ltd. 365 Days Total 2, Collateral Borrowing & Lending obligation Total Net Current /(Liabilities) 3, Grand Total 71, Total Value of illiquid equity shares and percentage to Net : Nil 2 NAV as on September 30, 2008 : Option : Rs Growth Option : Rs NAV as on March 31, 2008 : Option : Rs Growth Option : Rs Portfolio Turnover Ratio : % 6 The outstanding exposure in derivatives at the end of the half year : net short position in futures Rs. (289.30) Lacs representing (0.41%) of Net and Net short position in put options Rs. (199.35) Lacs representing (0.28%) of Net. Kotak Global Emerging Market Fund Foreign Securities / Overseas ETFs TRP SICAV Global Emerging Markets Mutual Fund 3,326, , Equity Fund Class-A USD Total 26, Collateral Borrowing & Lending obligation Total Net Current /(Liabilities) Grand Total 28, NAV as on September 30, 2008 : Option : Rs Growth Option : Rs NAV as on March 31, 2008 : Option : Rs Growth Option : Rs Total investments in foreign securities at the end of half year : Rs. 26, Lacs. Kotak MNC ITC Ltd. Consumer Non Durables Hindustan Unilever Ltd. Diversified Bharti Airtel Ltd. Telecom - Services ABB Ltd. Industrial Capital Goods ING Vysya Bank Ltd. Banks M India Ltd. Trading Nestle India Ltd. Consumer Non Durables Mphasis Ltd Software Kennametal India Ltd. Industrial Products Siemens Ltd. Industrial Capital Goods Colgate Palmolive (India ) Ltd. Consumer Non Durables UTV Software Communications Ltd. Media and Entertainment Areva T and D India Ltd. Industrial Capital Goods Kansai Nerolac Paints Ltd Consumer Non Durables Gillette India Ltd Consumer Non Durables Monsanto India Ltd. Pesticides Cairn India Limited Oil Alstom Projects India Ltd. Industrial Capital Goods Bata India Ltd. Consumer Non Durables Maruti Udyog Ltd Auto Amara Raja Batteries Ltd. Auto Ancillaries Grindwell Norton Ltd. Industrial Products Honeywell Automation India Ltd. Industrial Capital Goods KSB Pump Ltd Industrial Products Asahi India Glass Ltd Auto Ancillaries Atlas Copco (India) Ltd Industrial Products Micro Inks Ltd. Chemicals Oracle Financial Services Software Ltd Software SKF India Ltd Industrial Products Total 2, Kotak Mahindra Bank Ltd. 177 Days Kotak Mahindra Bank Ltd. 92 Days Total Collateral Borrowing & Lending obligation Total Net Current /(Liabilities) Grand Total 2, Total value of illiquid equity shares and percentage to Net : Nil 2 NAV as on September 30, 2008 : Rs NAV as on March 31, 2008 : Rs Portfolio Turnover Ratio : % 6 The outstanding exposure in derivatives at the end of the half year : Nil Kotak FMP 14M Series 3 ** 9.50% HDFC Ltd. AAA 150 1, Total 1, Securitized ** SO Indian Corp Loan Sec.Trust Series 9 Ser A;14/05/09 - P1+(so) 15 1, SO Coll.Debt Trust Ser.24 Class A1 OPT 2, 29/04/ AAA(so) Power Finance Corporation Ltd. Total 1, CD State Bank of Bikaner & Jaipur P , CD ICICI Bank Ltd A , CD Punjab National Bank A , CD Allahabad Bank PR CD Vijaya Bank PR CD ABN Amro Bank N.V A CD AXIS Bank Ltd P Total 9, Collateral Borrowing & Lending obligation Total Net Current /(Liabilities) Grand Total 13, Average Maturity of the portfolio : 0.27 Years FMP 14M Series 3 Retail Plan Option : Rs Growth Option : Rs FMP 14M Series 3 Institutional Plan Option : Rs Growth Option : Rs FMP 14M Series 3 Retail Plan Option :Rs Growth Option : Rs FMP 14M Series 3 Institutional Plan Option :Rs Growth Option : Rs Kotak Balance Name of Instrument Rating / Industry Quantity Reliance Industries Ltd. Petroleum Products Oil & Natural Gas Corporation Ltd. Oil HDFC Ltd. Finance Bharat Heavy Electricals Ltd. Industrial Capital Goods Axis Bank Ltd Banks ITC Ltd. Consumer Non Durables Bharti Airtel Ltd. Telecom - Services ICICI Bank Ltd. Banks State Bank Of India Banks Reliance Communications Ltd. Telecom - Services Divi s Laboratories Limited Pharmaceuticals GAIL (India) Ltd. Gas Mphasis Ltd Software Hindustan Unilever Ltd. Diversified Crompton Greaves Ltd. Industrial Capital Goods Reliance Infrastructure Ltd Power Lupin Ltd. Pharmaceuticals Aditya Birla Nuvo Limited Textile Products National Thermal Power Corporation Limited Power Tata Power Co. Ltd. Power Zee Entertainment Enterprises Ltd Media and Entertainment Tata Chemicals Ltd. Fertilisers Larsen And Toubro Ltd. Diversified Welspun Gujarat Stahl Rohren Ltd. Ferrous Metals Punj Lloyd Ltd. Construction Sintex Industries Ltd. Industrial Products Bajaj Electricals Ltd Consumer Durables Alstom Projects India Ltd. Industrial Capital Goods Glenmark Pharmaceuticals Ltd Pharmaceuticals Jubilant Oraganosys Ltd Pharmaceuticals IVRCL Infrastructures & Projects Ltd. Construction Bajaj Auto Ltd. Auto Union Bank Of India Banks Bank Of Baroda Banks United Spirits Ltd. Consumer Non Durables Aban Offshore Ltd. Oil Infosys Technologies Ltd. Software Balaji Telefilms Ltd Media and Entertainment Satyam Computer Services Ltd. Software Allied Digital Services Limited Hardware Jindal Steel & Power Ltd. Ferrous Metals Steel Authority of India Ltd. Ferrous Metals Network 18 Fincap Ltd Finance Nitin Fire Protection industries Ltd Industrial Capital Goods ABG Infralogistics Ltd Industrial Capital Goods Network18 Preference Shares** Finance Network 18 Fincap Ltd. Warrants ** Finance Total 4, NIFTY Call Option - October National Thermal Power Corporation Limited Call Option - October NIFTY Call Option - October Bharti Airtel Ltd Call Option - October Reliance Industries Ltd Call Option - October ICICI Bank Ltd Call Option - October NIFTY Put Option - October Total % Kotak Mahindra Prime Ltd.** LAA FRD Indian Railway Finance Corporation Ltd. AAA % ICICI Bank Ltd.** AAA Total 1, Kotak Mahindra Bank Ltd. 182 Days Total Collateral Borrowing & Lending obligation Total Net Current /(Liabilities) Grand Total 6, Total value of illiquid equity shares and percentage to Net : Nil 2 NAV as on September 30, 2008 : Rs NAV as on March 31, 2008 : Rs Portfolio Turnover Ratio : % 6 The outstanding exposure in derivatives at the end of half year : Net short position in call /put option Rs. (15.73) Lacs representing (0.23%) of Net. 7 ** Thinly traded/non-traded securities - fair value as determined by Kotak Mahindra Asset Management Company Exchange Kotak Income Plus Name of Instrument Rating / Industry Quantity Reliance Industries Ltd. Petroleum Products Axis Bank Ltd Banks Bharti Airtel Ltd. Telecom - Services ITC Ltd. Consumer Non Durables Oil & Natural Gas Corporation Ltd. Oil HDFC Ltd. Finance Reliance Infrastructure Ltd Power Larsen And Toubro Ltd. Diversified Mphasis Ltd Software Lupin Ltd. Pharmaceuticals Divi s Laboratories Limited Pharmaceuticals Bharat Heavy Electricals Ltd. Industrial Capital Goods Tata Chemicals Ltd. Fertilisers Tata Power Co. Ltd. Power Crompton Greaves Ltd. Industrial Capital Goods ICICI Bank Ltd. Banks Reliance Communications Ltd. Telecom - Services State Bank Of India Banks Glenmark Pharmaceuticals Ltd Pharmaceuticals GAIL (India) Ltd. Gas Zee Entertainment Enterprises Ltd Media and Entertainment Sintex Industries Ltd. Industrial Products Punj Lloyd Ltd. Construction Hindustan Unilever Ltd. Diversified Bank Of Baroda Banks Indian Bank Banks Aditya Birla Nuvo Limited Textile Products Nitin Fire Protection industries Ltd Industrial Capital Goods Welspun Gujarat Stahl Rohren Ltd. Ferrous Metals ABG Infralogistics Ltd Industrial Capital Goods IVRCL Infrastructures & Projects Ltd. Construction Satyam Computer Services Ltd. Software Balaji Telefilms Ltd Media and Entertainment Union Bank Of India Banks Allied Digital Services Limited Hardware Total NIFTY Call Option - October NIFTY Call Option - October Total ** FRD Union Bank of India AA FRD Infrastructure Development Finance Co. Ltd AAA Total % Infrastructure Leasing & Financial Services Limited LAAA Total Kotak Mahindra Bank Ltd. 92 Days Total Collateral Borrowing & Lending obligation Total Net Current /(Liabilities) Grand Total 2, Total value of illiquid equity shares and percentage to Net : Nil Kotak-Income Plus Quarterly Growth Option Option Option Rs Rs Rs Kotak-Income Plus Quarterly Growth Option Option Option Rs Rs Rs Quarterly 20-Jun Rs Sep Rs Record Date Rate (Rs. per Unit) Cum NAV (Rs.) 15-Apr Rs May Rs Jun Rs Jul Rs Aug Rs Sep Rs The outstanding exposure in derivatives at the end of half year : net short / long position in call options Rs Lacs representing 0.01% of Net. 6. ** Thinly traded/non-traded securities - fair value as determined by Kotak Mahindra Asset Management Company Exchange

2 Kotak Gilt Investment Scheme Government Dated Securities 8.28% Government Stock SOV , % Government Stock SOV Total 2, Collateral Borrowing & Lending obligation 1, Total 1, Net Current /(Liabilities) -1, Grand Total 2, Average Maturity of the portfolio : Years Kotak-Gilt Investment Regular Plan plan Option : Rs Growth Option : Rs Kotak-Gilt Investment Provident Fund and Trust Plan Option : Rs Growth Option : Rs Kotak-Gilt Investment Regular Plan plan Option : Rs Growth Option :Rs Kotak-Gilt Investment Provident Option :Rs Growth Option :Rs Fund and Trust Plan plan Kotak Gilt Investment Provident Fund and Trust Plan Individual/HUF Others 20-Jun Rs Sep Rs Kotak Liquid ** FRD Indian Railway Finance Corporation Ltd. AAA , FRD Power Finance Corporation Ltd. AAA 550 5, FRD HDFC Ltd. AAA 500 5, FRD Infrastructure Development Finance Co. Ltd. LAAA 500 5, FRD Indian Railway Finance Corporation Ltd. AAA 400 4, FRD ICICI Bank Ltd. CARE AAA 360 3, FRD AAA 310 3, FRD AXIS Bank Ltd. LAA , FRD Export-Import Bank of India. AAA 250 2, FRD Citifinancial Consumer Finance India Ltd. AAA 250 2, % Kotak Mahindra Prime Ltd. P , FRD Citicorp Finance (India) Ltd. AAA 250 2, FRD Mahindra & Mahindra Financial Services Ltd. AA , FRD DSP Merrill Lynch Capital Ltd. AA , FRD Citicorp Finance (India) Ltd. AAA 200 2, FRD Industrial Development Bank Of India. AA , FRD Sundaram Finance Ltd. AA , ZCB Citifinancial Consumer Finance India Ltd. AAA 150 1, FRD HDFC Ltd. AAA 100 1, FRD AAA 100 1, FRD National Housing Bank AAA(ind) 100 1, % Citicorp Maruti Finance Ltd. AAA FRD Ultratech Cement Ltd. AAA FRD Union Bank of India AA Total 65, FRD L & T Finance Limited PR , FRD Cholamandalam DBS Finance Limited. A , % Madras Cements Ltd. A , FRD Kesoram Industries Limited PR , FRD Rabo India Finance Ltd. P , FRD Tata Sons Ltd. AAA 250 2, FRD Birla Global Finance Co.Ltd. A , FRD GE Capital Services India. AAA 23 2, FRD Sundaram Finance Ltd. A , FRD Cholamandalam DBS Finance Limited. A , FRD Hindustan National Glass and Industries Ltd PR , % ICICI Securities Primary Dealership Ltd. AAA 14 1, FRD Madras Cements Ltd. A , FRD Sundaram Finance Ltd. P , FRD Sundaram Finance Ltd. P , FRD Blue Star Ltd. PR , FRD Global Trade Finance Ltd. P , FRD Sundaram Finance Ltd. P Total 56, Securitized ** SO RB Loan Trust Series XI - DLF Ltd. F1+(ind)(SO) , SO KSR LOAN TRUST Series A1 - AA(ind)(SO) 50 5, SO KCS Loan Trust Series A1,OPT -B - A1+(SO) 50 5, SREI Infrastructure Finance Ltd. SO CAT Series XXIV - Class A - P1+(so) 50 5, SO RB Loan Trust Ser -III 2007 Ser A3 - P1+(so) 50 5, SO Indian Corp Loan Sec.Trust 08Series 17 Ser PR1+(SO) 37 3, A1 - JSW Steel Ltd. SO Bharat Securitisation Trust 1 Series A-PO A1+(SO) 256 2, SO Indian Corporate Loan SecuritizationTrust Series 9 Series P1+(so) 25 2, A - SO Loan Rec.Securitization Trust A; Series A2 - AAA(ind)(SO) 25 2, Power Finance Corporation Ltd. SO RB Loan Trust Series V 2007 Series A2 - F1+(ind)(SO) 22 1, Unitech Ltd. SO BHPC Auto Securitisation Trust Dec I AAA(so) 50 1, Tata Motors Ltd. SO RB Loan Trust Series XIV A2-PO P1+(so) SO RB Loan Trust Series XIV A1-IO - P1+(so) SO India Loan Securitisation Series V Trust 06 Series A - AAA(so) Cholamandalam DBS Finance Ltd. Total 45, CD ICICI Bank Ltd A , CD Punjab National Bank P , CP GE Money Financial Services Limited P , CP Reliance Capital Ltd A , CD State Bank of Bikaner & Jaipur P , CP Reliance Capital Ltd A , CP Adlabs Films Ltd A , CD UCO Bank P , CP HDFC Ltd A , CP Adlabs Films Ltd A , CD State Bank Of India P , CP HDFC Ltd P , CP Reliance Capital Ltd A , CP Reliance Communications Ltd A , CD Federal Bank Ltd P , CD Vijaya Bank PR , CD Punjab National Bank P , CD ICICI Bank Ltd A , CD ICICI Bank Ltd A , CP Reliance Capital Ltd A CD Vijaya Bank PR CP PNB Housing Finance Ltd P CD State Bank of Bikaner & Jaipur P CD Corporation Bank P CD State Bank of Hyderabad P CD Canara Bank P CD Punjab National Bank P CD State Bank of Indore P CP Sundaram Finance Ltd P CD Citibank N.A P CD Vijaya Bank PR CP Reliance Capital Ltd A CD Jammu & Kashmir Bank P CD Allahabad Bank PR CP Cholamandalam DBS Finance Limited A CP Reliance Capital Ltd A CD ING Vysya Bank Ltd P CP Standard Chartered Investment & Loan India Ltd P CP Reliance Capital Ltd A CD State Bank of Patiala A CP Ballarpur Industries Ltd F1+(ind) CP Tata Motors Ltd P Total 89, Bank of Nova Scotia 30 Days 10, Punjab National Bank 29 Days 10, Total 20, Net Current /(Liabilities) Grand Total 276, Average Maturity of the portfolio : 0.15 Years 2.NAV as on September 30, 2008 : Option Growth Option KKotak-Liquid Regular Plan Rs Rs Weekly Option Growth Option Daily Option Kotak-Liquid Institutional Plan Rs Rs Rs Weekly Option Growth Option Daily Option Kotak-Liquid Institutional Premium Plan Rs Rs Rs NAV as on March 31, 2008 : Option Growth Option Kotak-Liquid Regular plan Rs Rs Weekly Growth Option Daily Option Kotak-Liquid Institutional plan Rs Rs Rs Weekly Option Growth Option Daily Option Kotak-Liquid Institutional Premium plan Rs Rs Rs (s) declared during the half-year period under Option : Plan / Option Rate (Rs.per Unit) From April 01, 2008 to September 30, 2008 Kotak-Liquid Regular Option Kotak-Liquid Institutional Daily Option Kotak-Liquid Institutional Weekly Option Kotak-Liquid Institutional Premium Daily Option Kotak-Liquid Institutional Premium Weekly Option Please log on to for Record date wise listing of dividend declared. Exchange Kotak Opportunities Equity & Equity Related Bharti Airtel Ltd. Telecom - Services , Larsen And Toubro Ltd. Diversified , ICICI Bank Ltd. Banks , Reliance Industries Ltd. Petroleum Products , ITC Ltd. Consumer Non Durables , Infosys Technologies Ltd. Software , Axis Bank Ltd Banks , Bharat Heavy Electricals Ltd. Industrial Capital Goods , Oil & Natural Gas Corporation Ltd. Oil , Punj Lloyd Ltd. Construction , HDFC Ltd. Finance , Reliance Capital Ltd. Finance , GAIL (India) Ltd. Gas , Reliance Infrastructure Ltd Power , Crompton Greaves Ltd. Industrial Capital Goods , Glenmark Pharmaceuticals Ltd Pharmaceuticals , Aditya Birla Nuvo Limited Textile Products , Zee Entertainment Enterprises Ltd Media and Entertainment , Tata Chemicals Ltd. Fertilisers , State Bank Of India Banks , Welspun Gujarat Stahl Rohren Ltd. Ferrous Metals , Reliance Communications Ltd. Telecom - Services , Jindal Steel & Power Ltd. Ferrous Metals , Bank of India Banks , IVRCL Infrastructures & Projects Ltd. Construction , Jaiprakash Associates Ltd Construction , Divi s Laboratories Limited Pharmaceuticals , Balrampur Chini Mills Ltd Consumer Non Durables , United Spirits Ltd. Consumer Non Durables , Hindustan Unilever Ltd. Diversified , Patel Engineering Ltd. Construction Steel Authority of India Ltd. Ferrous Metals Mphasis Ltd Software Tech Mahindra Ltd. Software Bank Of Baroda Banks Satyam Computer Services Ltd. Software Pantaloon Retail (india) Ltd. Retailing Century Textiles & Industries Ltd. Cement Television Eighteen India Ltd. Media and Entertainment Lanco Infratech Ltd Power Hindustan Construction Co.Ltd Construction Ballarpur Industries Ltd. Paper ABG Infralogistics Ltd Industrial Capital Goods Sterlite Industries (India) Ltd Non - Ferrous Metals GVK Power & Infrastructure Ltd. Power Housing Development and Infrastructure Ltdd. Construction Godrej Industries Ltd Chemicals Reliance Petroleum Ltd. Petroleum Products Tata Consultancy Services Ltd. Software Total 68, Tech Mahindra Ltd.-OCT Housing Development and Infrastructure Ltd.-OCT Reliance Petroleum Ltd.-OCT ICICI Bank Ltd.-OCT Total -1, NIFTY Put Option - October NIFTY Put Option - October Total FRD AXIS Bank Ltd. ** LAA Total CP Cholamandalam DBS Finance Ltd A , CDCorporation Bank P Total 3, Kotak Mahindra Bank Ltd. 182 Days 1, Kotak Mahindra Bank Ltd. 92 Days Kotak Mahindra Bank Ltd. 365 Days Kotak Mahindra Bank Ltd. 94 Days Kotak Mahindra Bank Ltd. 95 Days Kotak Mahindra Bank Ltd. 93 Days Total 2, Collateral Borrowing & Lending obligation Total Net Current /(Liabilities) 2, Grand Total 75, Total value of illiquid equity shares and percentage to Net : Nil Option : Rs Growth Option : Rs Option : Rs Growth Option : Rs Portfolio Turnover Ratio : % 6 The outstanding exposure in derivatives at the end of the half year : net short position in futures Rs. (1,166.68) Lacs representing (1.55%) of Net and net short position in put options Rs. (147.21) Lacs representing (0.19%) of Net. 7 ** Thinly traded/non-traded securities - fair value as determined by Kotak Mahindra Asset Management Company Exchange Kotak Global India Name of Instrument Industry Quantity Reliance Industries Ltd. Petroleum Products Oil & Natural Gas Corporation Ltd. Oil ICICI Bank Ltd. Banks Infosys Technologies Ltd. Software Zee Entertainment Enterprises Ltd Media and Entertainment Tata Power Co. Ltd. Power Larsen And Toubro Ltd. Diversified ABB Ltd. Industrial Capital Goods United Phosphorus Ltd Pesticides Welspun Gujarat Stahl Rohren Ltd. Ferrous Metals Crompton Greaves Ltd. Industrial Capital Goods Divi s Laboratories Limited Pharmaceuticals United Spirits Ltd. Consumer Non Durables Thermax Ltd. Industrial Capital Goods Tata Chemicals Ltd. Fertilisers Glenmark Pharmaceuticals Ltd Pharmaceuticals Jubilant Oraganosys Ltd Pharmaceuticals Asian Paints Ltd. Consumer Non Durables Aban Offshore Ltd. Oil Lupin Ltd. Pharmaceuticals Tata Consultancy Services Ltd. Software Satyam Computer Services Ltd. Software Punj Lloyd Ltd. Construction Tata Tea Ltd. Consumer Non Durables Hikal Ltd Pesticides Hanung Toys and Textiles Ltd. Consumer Non Durables Panacea Biotec Ltd. Pharmaceuticals Reliance Communications Ltd. Telecom - Services Sintex Industries Ltd. Industrial Products Tata Steel Ltd. CCPS Ferrous Metals Siemens Ltd. Industrial Capital Goods Total 5, FRD AXIS Bank Ltd. ** LAA Total Kotak Mahindra Bank Ltd. 182 Days Kotak Mahindra Bank Ltd. 364 Days Kotak Mahindra Bank Ltd. 94 Days Kotak Mahindra Bank Ltd. 92 Days Total Collateral Borrowing & Lending obligation Total Net Current /(Liabilities) Grand Total 6, Total value of illiquid equity shares and percentage to Net : Nil Option : Rs Growth Option : Rs Option : Rs Growth Option : Rs Portfolio Turnover Ratio : % 6. The outstanding exposure in derivatives at the end of the half year : Nil Limited in accordance with guidelines on valuation of securities for mutual fund issued by the Securities and Exchange Board of India and approved by the Trustees. Kotak Contra Bharat Heavy Electricals Ltd. Industrial Capital Goods ITC Ltd. Consumer Non Durables Reliance Industries Ltd. Petroleum Products Bharti Airtel Ltd. Telecom - Services State Bank Of India Banks Crompton Greaves Ltd. Industrial Capital Goods Dabur India Ltd Consumer Non Durables Bank of India Banks Punjab National Bank Banks Asian Paints Ltd. Consumer Non Durables ICICI Bank Ltd. Banks HDFC Ltd. Finance Reliance Communications Ltd. Telecom - Services Reliance Infrastructure Ltd Power Britannia Industries Ltd. Consumer Non Durables ABG Infralogistics Ltd Industrial Capital Goods Union Bank Of India Banks Tata Chemicals Ltd. Fertilisers Piramal Healthcare Limited Pharmaceuticals Aditya Birla Nuvo Limited Textile Products Bajaj Auto Ltd. Auto Satyam Computer Services Ltd. Software Ballarpur Industries Ltd. Paper EID Parry (India) Ltd. Consumer Non Durables Coromandel Fertilisers Ltd. Fertilisers Eveready Industries India Ltd. Consumer Non Durables Hindustan Unilever Ltd. Diversified Mahanagar Telephone Nigam Ltd. Telecom - Services Panacea Biotec Ltd. Pharmaceuticals Canara Bank Banks Gujarat State Petronet Ltd. Gas Deepak Fertilizers & Petrochemicals Corp Ltd Fertilisers National Thermal Power Corporation Limited Power Hinduja Ventures Ltd Software Jaiprakash Associates Ltd Construction Navin Fluorine International Ltd. Chemicals Gujarat Gas Company Ltd Gas Oil & Natural Gas Corporation Ltd. Oil Mphasis Ltd Software Vardhman Holdings Limited Finance Nahar Capital & Financial Services Ltd Finance Marico Ltd. Consumer Non Durables Future Capital Holdings Limited Finance Total 6, Cairn India Limited-OCT Satyam Computer Services Ltd.-OCT Total FRD Ultratech Cement Ltd. ** AAA Total CP TATA Capital Ltd A Total Kotak Mahindra Bank Ltd. 182 Days Kotak Mahindra Bank Ltd. 93 Days Total Collateral Borrowing & Lending obligation Total Net Current /(Liabilities) Grand Total 7, Total value of illiquid equity shares and percentage to Net : Nil Option : Rs Growth Option : Rs Option : Rs Growth Option : Rs Portfolio Turnover Ratio : % 6. The outstanding exposure in derivatives at the end of half year : net short / long position in futures Rs. (60.23) Lacs representing (0.77%) of Net. Exchange Kotak Lifestyle ITC Ltd. Consumer Non Durables Maruti Udyog Ltd Auto Bharti Airtel Ltd. Telecom - Services HDFC Ltd. Finance Axis Bank Ltd Banks Colgate Palmolive (India ) Ltd. Consumer Non Durables Reliance Communications Ltd. Telecom - Services ICICI Bank Ltd. Banks Pantaloon Retail (india) Ltd. Retailing Reliance Capital Ltd. Finance Zee Entertainment Enterprises Ltd Media and Entertainment Dabur India Ltd Consumer Non Durables Aditya Birla Nuvo Limited Textile Products Asian Paints Ltd. Consumer Non Durables Marico Ltd. Consumer Non Durables Champagne Indage Ltd. Consumer Non Durables Max India Ltd. Industrial Products Deccan Chronicle Holdings Ltd. Media and Entertainment Hindustan Unilever Ltd. Diversified HDFC Bank Ltd. Banks Bajaj Auto Ltd. Auto Network 18 Fincap Ltd Finance Educomp Solutions Ltd Software Mahindra Lifespace Developers Ltd Construction Television Eighteen India Ltd. Media and Entertainment India Infoline Ltd Finance UTV Software Communications Ltd. Media and Entertainment Royal Orchid Hotels Ltd Hotels Housing Development and Construction Infrastructure Limited Page Industries Ltd Textile Products Pyramid Saimira Theatre Ltd. Media and Entertainment Cholamandalam DBS Finance Ltd Finance Network18 Preference Shares ** Finance Network 18 Fincap Ltd. Warrants ** Finance Tata Motors Ltd.Rights-340** Auto Tata Motors Ltd.Rights-305** Auto Total 10, FRD AXIS Bank Ltd. ** LAA Total Kotak Mahindra Bank Ltd. 92 Days Kotak Mahindra Bank Ltd. 182 Days Total Net Current /(Liabilities) 1, Grand Total 12, Total value of illiquid equity shares and percentage to Net : Nil Option : Rs Growth Option : Rs Option : Rs Growth Option : Rs Portfolio Turnover Ratio : % 6. The outstanding exposure in derivatives at the end of half year : Nil Exchange Kotak FMP 15M Series 4 ** 9.50% HDFC Ltd. AAA 400 3, % AAA 150 1, % IDBI Bank Ltd. AA , % National Bank for Agriculture and Rural Development AAA Total 7, ZCB Tata Sons Ltd. AAA Total Securitized ** SO Coll.Debt Trust Ser.24 Class A1 AAA(so) 45 4, OPT 2, 29/04/ Power Finance Corp. Ltd. SO Indian Corp Loan Sec.Trust Series 9 Ser B2; AAA(so) 39 3, /10/09 - Total 7, CD State Bank of Mysore A , CP HDFC Ltd A , CD Corporation Bank P , CD ICICI Bank Ltd A , CD Federal Bank Ltd P , CD ABN Amro Bank N.V A , CD ICICI Bank Ltd A CD Punjab National Bank P Total 12, Collateral Borrowing & Lending obligation Total Net Current /(Liabilities) Grand Total 29, Average Maturity of the portfolio : 0.59 Years FMP 15M Series 4 Retail Plan Option : Rs Growth Option : Rs FMP 15M Series 4 Institutional Plan Option : Rs Growth Option : Rs FMP 15M Series 4 Retail Plan Option :Rs Growth Option : Rs FMP 15M Series 4 Institutional Plan Option :Rs Growth Option : Rs Kotak Mid-Cap Glenmark Pharmaceuticals Ltd Pharmaceuticals Welspun Gujarat Stahl Rohren Ltd. Ferrous Metals Divi s Laboratories Limited Pharmaceuticals Asian Paints Ltd. Consumer Non Durables Exide Industries Ltd Auto Ancillaries Punj Lloyd Ltd. Construction Crompton Greaves Ltd. Industrial Capital Goods Mphasis Ltd Software United Phosphorus Ltd Pesticides Titan Industries Ltd. Consumer Non Durables Thermax Ltd. Industrial Capital Goods Pantaloon Retail (india) Ltd. Retailing Jubilant Oraganosys Ltd Pharmaceuticals Aditya Birla Nuvo Limited Textile Products IVRCL Infrastructures & Projects Ltd. Construction Union Bank Of India Banks Sintex Industries Ltd. Industrial Products Max India Ltd. Industrial Products Indian Bank Banks Indian Overseas Bank Banks Tata Chemicals Ltd. Fertilisers Hindustan Construction Co.Ltd Construction Allied Digital Services Limited Hardware Gujarat State Petronet Ltd. Gas Aban Offshore Ltd. Oil Great Eastern Shipping Company Ltd Transportation Axis Bank Ltd Banks Lupin Ltd. Pharmaceuticals GVK Power & Infrastructure Ltd. Power Lanco Infratech Ltd Power Britannia Industries Ltd. Consumer Non Durables Shipping Corporation of India Ltd. Transportation Alstom Projects India Ltd. Industrial Capital Goods Jindal Steel & Power Ltd. Ferrous Metals Allahabad Bank. Banks Maruti Udyog Ltd Auto Marico Ltd. Consumer Non Durables Andhra Bank Banks ING Vysya Bank Ltd. Banks Madhucon Projects Ltd Construction Gammon India Ltd. Construction Tata Tea Ltd. Consumer Non Durables PSL Ltd. Ferrous Metals Jet Airways (India) Ltd. Transportation HDFC Bank Ltd. Banks Total 8, ICICI Bank Ltd.-OCT Reliance Capital Ltd.-OCT Indiabulls Real Estate Ltd-OCT Reliance Infrastructure Ltd-OCT Housing Development and Infrastructure Limited-OCT Axis Bank Ltd-OCT Sintex Industries Ltd.-OCT HDFC Bank Ltd.-OCT Total 1, FRD ICICI Bank Ltd. ** CARE AAA Total Kotak Mahindra Bank Ltd. 182 Days Kotak Mahindra Bank Ltd. 367 Days Kotak Mahindra Bank Ltd. 362 Days Total Collateral Borrowing & Lending obligation Total Net Current /(Liabilities) Grand Total 11, Total value of illiquid equity shares and percentage to Net : Nil : Option : Rs Growth Option : Rs : Option : Rs Growth Option : Rs Portfolio Turnover Ratio : % 6. The outstanding exposure in derivatives at the end of the year : net long position in futures Rs.1, Lacs represent ing 10.75% of Net. Exchange Kotak Sensex ETF Name of Instrument Rating Quantity Reliance Industries Ltd. Petroleum Products Infosys Technologies Ltd. Software Larsen And Toubro Ltd. Diversified ICICI Bank Ltd. Banks Bharti Airtel Ltd. Telecom - Services HDFC Ltd. Finance ITC Ltd. Consumer Non Durables HDFC Bank Ltd. Banks Oil & Natural Gas Corporation Ltd. Oil State Bank Of India Banks Hindustan Unilever Ltd. Diversified Bharat Heavy Electricals Ltd. Industrial Capital Goods Reliance Communications Ltd. Telecom - Services Tata Steel Limited. Ferrous Metals National Thermal Power Corporation Limited Power Satyam Computer Services Ltd. Software Tata Consultancy Services Ltd. Software Tata Power Co. Ltd. Power Sterlite Industries (India) Ltd Non - Ferrous Metals Hindalco Industries Ltd Non - Ferrous Metals Reliance Infrastructure Ltd Power Grasim Industries Ltd. Cement Mahindra & Mahindra Ltd. Auto Maruti Udyog Ltd Auto Wipro Ltd. Software Tata Motors Ltd. Auto DLF Limited Construction Jaiprakash Associates Ltd Construction ACC Ltd. Cement Ranbaxy Laboratories Ltd. Pharmaceuticals Total Net Current /(Liabilities) Grand Total Total value of illiquid equity shares and percentahe to Net : Nil Rs NA 5. The outstanding exposure in derivatives at the end of half year : Nil