2016-17 FUND UPDATE YOUR INVESTMENT PERFORMANCE
CONTENTS INDIVIDUAL FUNDS Click on the Fund Name for details MARKET OUTLOOK 2 FUND PERFORMANCE OF ULIP FUNDS 7 PRODUCT - FUND MATRIX 10 CLASSIC OPPORTUNITIES FUND (ULIF-033-16/12/09-CLAOPPFND-107) 12 FRONTLINE EQUITY FUND (ULIF-034-17/12/09-FRLEQUFND-107) 13 DYNAMIC FLOOR FUND II (ULIF-035-17/12/09-DYFLRFND2-107) 14 BALANCED FUND (ULIF-037-21/12/09-BALKFND-107) 15 KOTAK OPPORTUNITIES FUND (ULIF-029-02/10/08-OPPFND-107) 16 KOTAK AGGRESSIVE GROWTH FUND (ULIF-018-13/09/04-AGRGWTFND-107) 17 GUARANTEE FUND (ULIF-048-05/02/10-GRTFND-107) 18 MONEY MARKET FUND (ULIF-041-05/01/10-MNMKKFND-107) 19 KOTAK DYNAMIC GROWTH FUND (ULIF-012-27/06/03-DYGWTFND-107) 20 DYNAMIC FLOOR FUND (ULIF-028-14/11/06-DYFLRFND-107) 21 KOTAK DYNAMIC BALANCED FUND (ULIF-009-27/06/03-DYBALFND-107) 22 KOTAK DYNAMIC BOND FUND (ULIF-015-15/04/04-DYBNDFND-107) 23 KOTAK DYNAMIC GILT FUND (ULIF-006-27/06/03-DYGLTFND-107) 24 KOTAK DYNAMIC FLOATING RATE FUND (ULIF-020-07/12/04-DYFLTRFND-107) 25 KOTAK GUARANTEED GROWTH FUND (ULIF-013-27/06/03-GRTGWTFND-107) 24 KOTAK GUARANTEED BALANCED FUND (ULIF-010-27/06/03-GRTBALFND-107) 28 PENSION CLASSIC OPPORTUNITIES FUND (ULIF-042-07/01/10-PNCLAOPFND-107) 29 KOTAK PENSION OPPORTUNITIES FUND (ULIF-032-17/07/09-PNOPPFND-107) 30 PENSION FRONTLINE EQUITY FUND (ULIF-044-11/01/10-PNFRLEQFND-107) 31 PENSION GUARANTEE FUND (ULIF-038-21/12/09-PNGRTFND-107) 32 KOTAK PENSION GROWTH FUND (ULIF-030-07/01/09-PNGWTFND-107) 33 KOTAK PENSION FLOOR FUND (ULIF-031-13/07/09-PNFLRFND-107) 34 PENSION FLOOR FUND II (ULIF-043-08/01/10-PNFLRKFND2-107 ) 35 KOTAK PENSION BALANCED FUND (ULIF-011-27/06/03-PNBALFND-107 ) 36 PENSION BALANCED FUND II (ULIF-046-24/01/10-PNBALFND2-107) 37 KOTAK PENSION BOND FUND (ULIF-017-15/04/04-PNBNDFND-107) 38 KOTAK PENSION GILT FUND (ULIF-008-27/06/03-PNGLTFND-107) 39 KOTAK PENSION FLOATING RATE FUND (ULIF-022-07/12/04-PNFLTRFND-107) 40 PENSION MONEY MARKET FUND II (ULIF-039-28/12/09-PNMNMKFND-107) 41 KOTAK ADVANTAGE MULTIPLIER FUND II (ULIF-026-21/04/06-ADVMULFND2-107) 42 DISCONTINUED POLICY FUND (ULIF-050-23/03/11-DISPOLFND-107) 43 PEAK GUARANTEE FUND I (ULIF-049-14/02/10-PKGRTFND1-107) 26 GROUP FUNDS Click on the Fund Name for details KOTAK GROUP DYNAMIC FLOOR FUND (ULGF-015-07/01/10-DYFLRFND-107) 45 KOTAK GROUP BALANCED FUND (ULGF-003-27/06/03-BALFND-107) 46 KOTAK GROUP SECURE CAPITAL FUND (ULGF-016-12/04/11-SECCAPFND-107) 51 KOTAK GROUP SHORT TERM BOND FUND (ULGF-018-18/12/13-SHTRMBND-107) 52 KOTAK GROUP BOND FUND (ULGF-004-15/04/04-BNDFND-107) 47 ANNEXURE 53 KOTAK GROUP GILT FUND (ULGF-002-27/06/03-GLTFND-107) 48 DISCLAIMER 59 KOTAK GROUP FLOATING RATE FUND (ULGF-005-07/12/04-FLTRFND-107) 49 KOTAK GROUP MONEY MARKET FUND (ULGF-001-27/06/03-MNMKFND-107) 50 01
MARKET OUTLOOK MARKET OUTLOOK Investment Objective The investment objective is to ensure that returns on policyholder s funds are consistent with the protection, safety and liquidity of such funds, while ensuring that the liabilities in respect of each of the funds are supported by a diversified pool of investments and assets, held under the respective fund wherein the asset classes, asset allocation and asset selection are compliant with the nature of liabilities, investment objective for each of the funds, IRDAI Investment Regulations and Insurance Act. Investment Strategy There are well-defined categories of funds across the risk-return spectrum. Based on the objectives and risk return profile of each fund, investments are made in various assets classes like equity and debt. The Investment team is adequately staffed and structured for effective management of respective funds and also to ensure independent checks and monitoring of investment performance. A process driven and moderate risk approach is followed. While choosing stocks in portfolio, the business model, competitive edge, management quality, sustained economic earnings, and corporate governance is assessed. The equity portfolio has a bias towards industry leaders and growth companies. In case of debt, emphasis and focus is on safety, liquidity and returns with prime importance given to duration management with a view on interest rates. Risk Control Investment risk is managed by creating a portfolio of different asset classes and of varied maturities depending on the fund objective so as to spread risk across a wide category of the investee companies, investee groups as well as the investee industries in accordance with the prudential exposure norms and regulation stipulated by the IRDA. Investment Committee which acts as the policy making body for the investment operations, periodically discusses the investment strategy, portfolio structures, performance of the portfolio and other issues relating to the investment portfolio. The Asset & Liability Management Committee reviews the asset liability management strategy, investment risk, and other related risks periodically. The Credit Committee approves the credit limit for each investee company and also does a periodical review of the existing exposure of debt investments in companies Year Gone By Markets After volatile FY16, Indian equities were up 18.5% in FY 17. Nifty Midcap50 and Nifty Small cap indices outperformed Nifty by 18.4% and 24.4% respectively. 10 year benchmark yields fell substantial 79 bps to end FY 17 at 6.68%. USD INR appreciated 2.1% in FY17. Intially down 6.9% till Dec 16, Gold ended FY 17 with 1.3% gains in USD terms.after 2 consecutive years of fall, 02
MARKET OUTLOOK Crude was up 33.4% in FY 17. In FY 17, FIIs (Foreign Institutional Investors) and DIIs ( Domestic Institutional Investors) bought USD 8.47 bn and 4.5 bn of Indian equities. FIIs sold USD 0.87 bn of Indian debt. 6 month ended Sep 16 (absolute) 1 year ended 31 March 17 (Annualized) Nifty 11.3% 18.5% Nifty Midcap 50 23.7% 37.0% Nifty Small Cap 25.6% 43.0% S& P 500 5.3% 14.7% FTSE 11.7% 18.6% Hang Seng 12.1% 16.1% Crisil Composite Bond Index 7.5% 11.1% Crisil Liquid Index 3.7% 7.1% ICICI Securities Gilt Index 7.7% 10.9% Gold ($ / ounce) 6.7% 1.3% INR / USD -0.5% 2.1% Crude 23.9% 33.4% 30.0% 3 month returns (absolute) 20.0% 10.0% 0.0% -10.0% -20.0% Jun-16 Sep-16 Dec-16 Mar-17 Nifty S & P 500 CCBI Crisil liquid Ibex Gold INR /USD CRUDE 03
MARKET OUTLOOK 7.60% 7.40% 7.20% 7.00% 6.80% 6.60% 6.40% 6.20% 6.00% 5.80% 5.60% Quarter End Yields Jun-16 Sep-16 Dec-16 Mar-17 10 yr Gsec 1 yr tbill 8.00 6.00 4.00 2.00 - -2.00-4.00-6.00-8.00 FIIs & DIIs Flows ($bn Quarterly) Q1 Q2 Q3 Q4 67.5 67.4 67.3 67.2 67.1 67 66.9 FIIs Flows ($) FIIs Flows ($) DIIs - Flows Avg INR Key Economic Indicators Mar-16 Sep-16 Mar-17 WPI -0.85% 3.57% 5.70% CPI 4.80% 4.30% 3.80% Repo Rate 6.75% 6.50% 6.25% MSF 7.75% 7.00% 6.75% IIP 0.3% 0.7% -1.2%* *As on Feb 17 04
MARKET OUTLOOK FY 15-16 FY 16-17 (estimates) GDP 7.6% 7.1% Q1 FY 17 Q1 started on strong note with Indian equities up 7.1% (Nifty) for the quarter. Good corporate results, forecast of above normal monsoon and continued inflows from FIIs provided support to the market. On reforms front, the second half of the budget session concluded with approval of the MMDR (Mines and Minerals Development and Regulation) Act and the Bankruptcy Code.The Government also announced measures to further liberalize FDI limits in select sectors, approved merger of SBI and its associates, cleared new aviation policy and accepted the 7th Pay Commission s recommendations. During the quarter, changes in India Mauritius tax treaty were announced. This would end the three decade old Double Taxation Avoidance Agreement (DTAA) with Mauritius. With this amendment, India gets taxation rights on capital gains arising from sale shares acquired in a company resident in India on or after April1, 2017. On global front, US Fed kept the rates unchanged and Bank of Japan decided not to expand its monetary stimulus package, but the bigger event was Britain s decision to leave the European Union (EU). This caused some nervoursness in the global markets. The Reserve Bank of India (RBI) in its bi-monthly monetary policy (held in April) cut the policy repo rate by 25bps to 6.50%. It also announced the new liquidity framework which states the need for durable liquidity in the system. 10 year benchmark treasury yields were flat for the quarter. Crude was up 25.5% for the quarter. Q2 FY17 Indian equities continued its upward trajectory (Nifty up 3.9%) on back of normal monsoon,improved global liquidity which fueled the risk-on sentiment (FIIs bought USD 4.8 bn during the quarter) and better than expected Q1FY17 earnings season. The month of September did see some correction due to mixed signals from developed market central banks on further monetary easing, and investor sentiment being adversely impacted by the surgical strike carried out by the Indian Army across the Line of Control. On external front, US Federal Reserve kept rates unchanged and signaled gradual hikes in the near future while European Central Bank (ECB) did not announce any fresh stimulus package and kept interest rates unchanged. Bank of England cut rate by 25 Bps. Bank of Japan (BoJ) committed to continuing stimulus until it sees a sustained rise in inflation. Q2 saw a decade-long wait finally came to an end with the passage of the Goods and Services Tax Constitutional Amendment Bill in the upper house of parliament. Post the President approval, the GST Council held its first meeting where the Council reached a consensus on the threshold turnover for a business to be covered by the GST and on the critical dual control issue. The Union Cabinet also announced pre-poning the Union Budget by a month and merging of the Railway Budget with the Union Budget from next year. 05
MARKET OUTLOOK The 10 year benchmark yields fell from 7.45% to 6.8% during the quarter. Softening of yields was witnessed due to fall in global yields, ample systemic liquidity and buying interest from foreign portfolio. FIIs bought Indian debt to the tune of USD 2.1 bn for the quarter Q3 FY17 The key event for the Q3 was government s demonetization move to tackle the problem of black economy and counterfiet notes. In an economy such as India wherein cash transactions are a significant proportion of the total (~68%), withdrawal of almost 87% of the currency in circulation from the economy was a big surprise. Indian Equities were down 5% in Q3 as continued FII outflows in emerging markets post Trump s victory in U.S. and the slowdown in domestic demand post demonetization move dampened investors sentiment. 10 year benchmark yield fell 30 bps to close the quarter at 6.52% after making a low of 6.19%. Crude was up 15.8% for the quarter as OPEC decided to cut production of oil first time in 8 years. On the macro front, the MPC unanimously decided to maintain status quo on repo rates in a surprise move citing the uncertainty of demonetization impact & upside risks to 5% CPI forecast for Q4FY17. The winter session of the Parliament was a washout with repeated disruptions in both Houses, pushing back the timeline of GST implementation. However, the GST Council did reveal the 4 tier rate structure but finer details of category classification are awaited. Rupee depreciated by 2% on the back of strong dollar and on expectation of a near-term hike in US interest rates by the US Fed. Weak equity markets and FPI outflows from fixed income markets and due to FCNB redemptions also pulled down the rupee. Q4 FY17 In Q4, Indian equities recovered sharply (Nifty up 12.1%) from December lows supported by receding concerns over a potential growth shock due to demonetization, better global risk appetite as the concerns of a faster trajectory of US Fed rate hike were abated (the US Fed increased the Federal Funds Rate by 25 bps) leading to strong foreign inflows and better than expected Q3 earnings season despite demonetization. The market sentiment was also buoyed by spectacular BJP performance in the state elections, especially in the largest state of Uttar Pradesh as this will provide further push to economic reforms. INR appreciated by a meaningful 4.5% (vs. USD) in Q3 on strong portfolio inflows ahead of change in regulatory tax regime for foreign equity investors. Crude prices corrected by 7% in Q3 as rising US output offsets production cuts by OPEC producers. On Domestic front, progress on GST was encouraging with GST Council finally resolving the contentious issue of dual control in January and passage of four key GST bills in the Lok Sabha in March. The GST rollout date is set to be 1 Jul 2017, a quarter later than the original implementation date of April, 2017. The FY18 budget, presented in February did a fine balancing act in maintaining the glide path to fiscal consolidation (3.0% of GDP by FY19 a key positive)while sustaining the spending momentum in key flagship schemes and rural infra and housing segments to support equitable growth. RBI maintained status quo on the policy rates during the quarter, but surprised the market with the shift in policy stance from accommodative to neutral signaling the end of the two year easing cycle. As a result, 10 year benchmark yield increased substantially by 44bps in February and finally ending the quarter up 17 bps at 6.68%. 06
FUND PERFORMANCE OF ULIP FUNDS Funds available with insurance plans launched on & post Sept. 1, 2010. Returns As On 31st Mar 2017 Classic Opportunities Fund (AUM: ` 2,25,605.77 Frontline Fund (AUM: ` 51,052.51 Dynamic Floor Fund II (AUM: ` 63,425.70 Balanced Fund (AUM: ` 7,246.59 Guarantee Fund (AUM: ` 3,599.94 Kotak Dynamic Bond Fund (AUM: ` 1,05,073.55 Kotak Dynamic Gilt Fund (AUM: ` 5,123.39 Kotak Dynamic Floating Rate Fund (AUM: ` 2,033.23 Money Market Fund (AUM: ` 24,457.01 Discontinued Policy Fund (AUM: ` 18,102.77 1 month 3.5 3.6 2.2 2.5 2.2 1.4 1.4 0.5 0.5 0.5 3 months 14.2 13.4 5.2 7.3 5.7 0.4-0.8 1.1 1.6 1.5 6 months 6.4 5.7 3.5 3.8 3.8 2.4 1.6 3.0 3.5 3.1 1 year 24.7 23.1 15.2 16.9 12.7 10.9 10.9 7.7 7.3 6.6 2 years 8.5 8.6 6.5 8.3 5.3 9.0 8.9 7.4 7.7 7.0 3 years 19.8 18.0 10.3 14.9 9.5 11.3 11.9 8.3 8.0 7.6 4 years 18.9 18.0 8.9 14.0 8.2 9.3 9.3 9.1 8.2 7.8 5 years 16.7 15.8 8.9 13.0 8.5 9.7 9.8 9.0 8.4 8.1 6 years 12.8 11.6 7.3 10.5 7.0 9.7 9.3 8.8 8.4 8.1 7 years 12.8 11.6 7.3 10.1 7.1 9.3 8.9 8.4 7.9 n.a 10 years n.a n.a n.a n.a n.a 10.0 8.9 8.0 n.a n.a Inception 12.9 11.4 7.2 10.3 7.8 8.8 7.6 7.6 7.8 8.1 Funds available with insurance plans launched Prior to Sept. 1, 2010. Returns As On 31st Mar 2017 Kotak Opportunities Fund (AUM: ` 1,11,693.92 Kotak Aggressive Growth Fund (AUM: ` 31,736.92 Kotak Dynamic Growth Fund (AUM: ` 6,569.16 Dynamic Floor Fund (AUM: ` 1,02,937.36 Kotak Dynamic Balanced Fund (AUM: ` 2,196.32 1 month 3.5 3.2 3.1 2.1 2.5 3 months 14.1 13.0 10.3 5.0 7.2 6 months 6.1 5.2 4.6 3.3 3.8 1 year 24.0 22.3 19.8 14.6 16.9 2 years 7.8 7.6 8.2 6.6 8.3 3 years 19.2 17.3 16.1 10.2 14.9 4 years 18.3 17.5 15.8 8.7 14.2 5 years 16.1 15.3 14.2 8.5 13.1 6 years 12.2 11.2 10.8 7.0 10.6 7 years 12.1 11.1 10.7 7.0 10.3 10 years n.a 11.7 10.1 9.9 10.2 Inception 18.7 16.6 15.0 9.6 13.6 Returns As On 31st Mar 2017 Peak Guarantee Fund I (AUM: ` 1,928.58 Kotak Guaranteed Growth Fund (AUM: ` 98,453.41 Kotak Guaranteed Balanced Fund (AUM: ` 8,797.16 Pension Classic Opportunities Fund (AUM: ` 12,616.56 Kotak Pension Opportunities Fund (AUM: ` 2,595.12 Pension Frontline Fund (AUM: ` 2,665.81 Pension Guarantee Fund (AUM: ` 10,010.28 1 month 2.1 2.6 2.3 3.6 3.5 3.5 2.2 3 months 5.4 7.5 6.1 14.4 14.1 13.4 5.8 6 months 3.6 4.1 3.8 6.5 6.0 5.3 3.9 1 year 12.2 17.3 16.3 25.0 23.8 23.0 12.8 2 years 4.9 8.6 8.8 8.4 7.8 8.5 5.3 3 years 9.1 14.2 13.7 20.0 19.0 18.0 9.5 4 years 7.9 12.7 12.0 19.2 18.1 18.0 8.3 5 years 8.0 11.9 11.4 16.9 15.9 15.8 8.5 6 years 6.7 10.1 10.0 13.0 12.1 11.6 7.0 7 years 6.6 9.7 9.5 12.8 12.1 11.6 7.1 10 years n.a 8.7 9.1 n.a n.a n.a n.a Inception 7.0 13.7 12.5 13.4 12.2 12.4 6.9 07
FUND PERFORMANCE OF ULIP FUNDS Funds available with insurance plans launched Prior to Sept. 1, 2010. Returns As On 31st Mar 2017 Kotak Pension Growth Fund (AUM: ` 1,891.30 Kotak Pension Floor Fund (AUM: ` 4,556.51 Pension Floor Fund II (AUM: ` 6,986.36 Kotak Pension Balanced Fund (AUM: ` 21,369.57 Pension Balanced Fund II (AUM: ` 328.79 Kotak Pension Bond Fund (AUM: ` 6,536.04 Kotak Pension Gilt Fund (AUM: ` 854.84 Kotak Pension Floating Rate Fund (AUM: ` 307.35 Pension Money Market Fund II (AUM: ` 928.59 1 month 2.5 2.2 2.2 2.3 2.7 1.4 1.3 0.5 0.5 3 months 7.2 5.2 5.3 6.0 7.9 0.3-0.8 1.1 1.6 6 months 3.9 3.4 3.5 3.8 4.3 2.4 1.6 2.9 3.6 1 year 16.8 14.6 15.3 16.1 17.6 10.9 11.0 7.6 7.4 2 years 8.4 6.6 6.5 8.8 8.7 9.1 8.9 7.4 7.7 3 years 14.0 10.3 10.4 13.7 15.0 11.3 11.9 8.3 8.0 4 years 12.5 8.7 8.9 11.9 14.3 9.3 9.3 9.1 8.2 5 years 11.7 8.7 9.0 11.4 13.1 9.7 9.8 9.0 8.4 6 years 9.9 6.9 7.4 10.0 10.6 9.7 9.3 8.8 8.4 7 years 9.6 6.6 7.4 9.5 10.2 9.3 8.9 8.3 7.9 10 years n.a n.a n.a 9.1 n.a 10.1 9.1 8.0 n.a Inception 11.6 6.8 7.2 12.6 10.2 8.8 7.7 7.7 7.8 08
FUND PERFORMANCE OF ULIP FUNDS KOTAK GROUP PLANS Returns As On 31st Mar 2017 Kotak Group Dynamic Floor Fund (AUM: ` 393.22 Kotak Group Balanced Fund (AUM:` 46,620.58 Kotak Group Bond Fund (AUM: ` 1,15,469.54 Kotak Group Gilt Fund (AUM: ` 3,940.41 Kotak Group Floating Rate Fund (AUM: ` 2,897.55 Kotak Group Money Market Fund (AUM: ` 6.89 Kotak Group Secure Capital (AUM: `20,857.43 1 month 1.8 2.5 1.4 1.4 0.5 0.4 1.4 3 months 4.0 7.4 0.5-0.7 1.2 1.1 0.4 6 months 3.3 4.3 2.6 1.6 3.2 2.0 2.5 1 year 13.8 17.6 11.4 11.2 8.2 4.0 11.0 2 years 6.3 8.8 9.5 9.1 7.9 5.7 9.1 3 years 10.3 15.4 11.8 12.1 8.8 6.6 11.5 4 years 8.9 14.7 9.7 9.5 9.6 n.a 9.5 5 years 8.9 13.5 10.2 10.0 9.5 n.a 10.0 6 years 7.5 10.9 10.2 9.5 9.2 n.a n.a 7 years 7.4 10.7 10.0 9.1 8.8 n.a n.a 10 years n.a 10.5 10.7 9.2 8.5 n.a n.a Inception 7.1 13.8 9.3 7.9 8.1 7.2 9.9 KOTAK FIXED MATURITY PLANS Returns As On 31st Mar 2017 Kotak Group Short Term Bond Fund (AUM: ` 5,352.49 1 month 0.6 3 months 1.1 6 months 3.1 1 year 8.2 2 years n.a 3 years n.a 4 years n.a 5 years n.a 6 years n.a 7 years n.a 10 years n.a Inception 7.9 KOTAK PRIVILEDEGE ASSURANCE PLANS Returns As On 31st Mar 2017 Kotak Advantage Multiplier Fund II (AUM: ` 0.39 1 month 0.0 3 months -0.5 6 months 0.3 1 year 2.1 2 years 3.5 3 years 4.6 4 years 4.5 5 years 4.9 6 years 4.0 7 years 4.1 10 years 5.0 Inception 5.1 Returns less than or equal to a year are absolute. Returns greater than a year are compounded annualised. NO. OF FUNDS MANAGED BY FUND MANAGER Sr No. Balanced 1 Rohit Agarwal 7 NA 18 2 Kunal Shah NA 15 25 Mr. Rohit Agarwal Mr. Rohit Agarwal has over 10 years of experience in capital markets, looks at the Unit Linked funds at Kotak Life Insurance. Before joining Kotak in 2011, Mr. Agarwal was associated with JP Morgan for about 6 years. Rohit is a Bachelor of Commerce (2001) and has done PGDBM, Symbiosis Pune (2005). Mr. Kunal Shah Mr. Kunal Shah has overall experience of over a decade and has been associated with the Kotak Life Insurance since May 2008. His key responsibilities include management of fixed income portfolios in Unit Linked and managing alternative investments for the company. Kunal is a Bachelor of Commerce (2001), MBA (Finance), Sinhgad Institute, Pune (2004) and CFA (CFA Institute, USA) 09
PRODUCT - FUND MATRIX* Kotak Wealth Insurance Kotak Ace Investment Kotak Single Invest Advantage Kotak Headstart Child Assure Kotak Platinum Kotak Invest Maxima Classic Opportunities Fund ü ü ü ü ü ü Frontline Fund ü ü ü ü ü ü Balanced Fund ü ü r ü ü ü Funds Dynamic Bond Fund ü ü ü ü ü ü Dynamic Floating Rate Fund ü ü r ü ü r Money Market Fund ü ü ü ü ü ü Dynamic Gilt Fund ü ü ü ü ü r Discontinued Policy Fund ü ü ü ü ü ü *currently active plans 10
S CLASSIC OPPORTUNITIES FUND FRONTLINE EQUITY FUND DYNAMIC FLOOR FUND II BALANCED FUND KOTAK OPPORTUNITIES FUND KOTAK AGGRESSIVE GROWTH FUND GUARANTEE FUND MONEY MARKET FUND KOTAK DYNAMIC GROWTH FUND DYNAMIC FLOOR FUND KOTAK DYNAMIC BALANCED FUND KOTAK DYNAMIC BOND FUND KOTAK DYNAMIC GILT FUND KOTAK DYNAMIC FLOATING RATE FUND PEAK GUARANTEE FUND I KOTAK GUARANTEED GROWTH FUND KOTAK GUARANTEED BALANCED FUND PENSION CLASSIC OPPORTUNITIES FUND KOTAK PENSION OPPORTUNITIES FUND PENSION FRONTLINE EQUITY FUND PENSION GUARANTEE FUND KOTAK PENSION GROWTH FUND KOTAK PENSION FLOOR FUND PENSION FLOOR FUND II KOTAK PENSION BALANCED FUND PENSION BALANCED FUND II KOTAK PENSION BOND FUND KOTAK PENSION GILT FUND KOTAK PENSION FLOATING RATE FUND PENSION MONEY MARKET FUND II KOTAK ADVANTAGE MULTIPLIER FUND II DISCONTINUED POLICY FUND 11
CLASSIC OPPORTUNITIES FUND (ULIF-033-16/12/09-CLAOPPFND-107) Aims to maximize opportunity for you through long-term capital growth, by holding a significant portion in a diversified and flexible mix of large / medium sized company equities 16 th December 2009 9,727-1,368 Ratings Profile 18.87 0.32 24.2009 : Rohit Agarwal : Kunal Shah 217,247 80.80 Fixed Deposit - 100% (BSE 200) & Money Modified Approved Duration Actual 75-100 96 Gsec / 00-25 0 00-25 4 Classic Opportunities Fund 1 month 3.5 3.4 3 months 14.2 13.7 6 months 6.4 7.3 1 year 24.7 22.5 2 years 8.5 6.2 3 years 19.8 14.2 4 years 18.9 14.9 5 years 16.7 13.1 6 years 12.8 9.0 7 years 12.8 8.9 10 years n.a n.a Inception 12.9 9.0 0.08 Holdings % to Fund EQUITY 96.29 HDFC Bank Ltd 5.75 I T C Ltd 4.99 Infosys Ltd 4.50 IndusInd Bank Limited 4.02 Kotak Banking ETF - Dividend Payout Option 3.86 ICICI Bank Ltd 3.65 Maruti Suzuki India Ltd 3.53 Tata Motors Ltd 3.38 Larsen And Toubro Ltd 3.21 YES BANK LTD 2.69 Britannia Industries Ltd 2.36 Indian Oil Corporation Ltd 2.25 Shree Cement Ltd 2.24 Reliance Industries Ltd 2.13 HCL Technologies Ltd 1.96 R Shares Banking ETF 1.94 Bharat Electronics Ltd 1.86 State Bank of India 1.84 Vedanta Limited 1.40 Bharat Petroleum Corporation Ltd 1.39 37.35 Corporate 0.01 7.25% HDFC Bank FD NSE - 09.08.2017 0.01 7.50% HDFC Bank FD NSE - 24.07.2017 0.01 7.50% HDFC Bank FD BSE - 24.07.2017 0.003 MMI 4.30-0.61 Sector Allocation as per Mfg of motor vehicles, trailers and semi-trailers Computer programming, consultancy and related Mfg of coke and refined petroleum products Mfg of other non-metallic mineral products Mfg of tobacco products Civil engineering Mfg of other transport equipment Mfg of pharmaceuticals, medicinal chemical & botanical products Warehousing and support for transportation 7.71 7.12 6.04 5.04 4.99 4.23 4.02 3.69 3.57 32.14 21.45 12
FRONTLINE EQUITY FUND (ULIF-034-17/12/09-FRLEQUFND-107) Aims for a high level of capital growth for you, by holding a significant portion in large sized company equities Ratings Profile 17 th December 2009 2,755-938 3.78 0.20 21.9075 : Rohit Agarwal : Kunal Shah 49,236 96.02 Fixed Deposit - 100% (BSE 100) & Money Frontline Fund 1 month 3.6 3.3 3 months 13.4 13.2 6 months 5.7 7.1 1 year 23.1 21.2 2 years 8.6 5.0 3 years 18.0 12.3 4 years 18.0 13.7 5 years 15.8 12.3 6 years 11.6 8.4 7 years 11.6 8.3 10 years n.a n.a Inception 11.4 8.5 0.12 Modified Approved Duration Actual 60-100 96 Gsec / 00-40 0 00-40 4 Holdings % to Fund EQUITY 96.44 I T C Ltd 6.89 Infosys Ltd 6.55 HDFC Bank Ltd 5.18 IndusInd Bank Limited 4.61 ICICI Bank Ltd 4.35 Larsen And Toubro Ltd 3.55 Tata Motors Ltd 3.41 Maruti Suzuki India Ltd 3.05 R Shares Banking ETF 2.99 Kotak Banking ETF - Dividend Payout Option 2.90 YES BANK LTD 2.72 UltraTech Cement Ltd 2.63 Zee Entertainment Enterprises Ltd 2.51 Reliance Industries Ltd 2.22 Hero Honda Motors Ltd 2.16 Bharat Petroleum Corporation Ltd 2.13 HCL Technologies Ltd 2.07 Sun Pharmaceuticals Ltd 2.05 Shree Cement Ltd 1.67 Bata India Limited 1.57 31.23 Corporate 0.01 7.50% HDFC Bank FD NSE - 24.07.2017 0.004 7.25% HDFC Bank FD NSE - 09.08.2017 0.004 7.50% HDFC Bank FD BSE - 24.07.2017 0.002 MMI 5.39-1.84 Sector Allocation as per Computer programming, consultancy and related Mfg of tobacco products Mfg of motor vehicles, trailers and semi-trailers Mfg of other non-metallic mineral products Mfg of coke and refined petroleum products Mfg of pharmaceuticals, medicinal chemical & botanical products Civil engineering Warehousing and support for transportation Mfg of other transport equipment 8.62 6.89 6.46 6.40 5.69 3.61 3.55 3.45 3.26 17.38 34.69 13
DYNAMIC FLOOR FUND II (ULIF-035-17/12/09-DYFLRFND2-107) Aims to provide you with stable long-term inflation beating growth over medium to long-term and defend your capital against short-term capital shocks. Ratings Profile 17 th December 2009 16.6480 1,785 24,176 1.31 0.51 4.49 0.07 5.18 AAA AA+ AA : : - 37.5% (Nifty); - 62.5% (Crisil Bond) & Money Rohit Agarwal Kunal Shah 5.97 Modified Approved Duration Actual 00-75 38 Gsec / 00-100 56 00-40 6 Dynamic Floor Fund II 1 month 2.2 2.1 3 months 5.2 4.9 6 months 3.5 4.6 1 year 15.2 14.0 2 years 6.5 7.8 3 years 10.3 11.4 4 years 8.9 11.0 5 years 8.9 10.5 6 years 7.3 9.0 7 years 7.3 8.8 10 years n.a n.a Inception 7.2 8.8 37,465 Holdings % to Fund EQUITY 38.12 I T C Ltd 2.65 Infosys Ltd 2.59 HDFC Bank Ltd 2.17 IndusInd Bank Limited 1.88 ICICI Bank Ltd 1.85 Kotak Banking ETF - Dividend Payout Option 1.58 Tata Motors Ltd 1.49 Maruti Suzuki India Ltd 1.34 Larsen And Toubro Ltd 1.28 R Shares Banking ETF 1.23 UltraTech Cement Ltd 1.09 YES BANK LTD 1.02 Zee Entertainment Enterprises Ltd 1.02 Hero Honda Motors Ltd 0.94 Bharat Petroleum Corporation Ltd 0.89 Sun Pharmaceuticals Ltd 0.86 HCL Technologies Ltd 0.86 Shree Cement Ltd 0.80 Whirlpool Of India Ltd 0.71 Britannia Industries Ltd 0.68 11.20 G-Sec 28.15 8.17% GOI - 01.12.2044 4.35 8.13% GOI - 22.06.2045 3.84 7.72% GOI - 26.10.2055 3.16 8.30% GOI - 31.12.2042 2.11 7.54% NABARD - 29.03.2032 1.98 9.23% GOI - 23.12.2043 1.51 1.44% INFLATION INDEX GS 2023 1.18 7.71% NABARD - 17.03.2032 1.13 7.75% PFC - 22.03.2027 1.10 7.16% NABARD - 12.01.2032 1.09 6.71 Corporate 27.55 8.18% EXIM- 07.12.2025 1.82 8.48% KMPL - 13.04.18 1.32 7.78% HDFC - 24.03.2020 1.11 7.80% HDFC - 11.11.2019 1.10 8.20% PGC - 23.01.2030 1.08 9.50% HDFC - 13.08.2024 1.04 8.51% Mahindra and Mahindra Financial Services Ltd- 22.06.20 0.92 7.95% LIC Housing Finance - 26.03.2027 0.89 8.92% L&T Finance Ltd. - 06.07.2018 0.87 7.95% REC - 12.03.2027 0.82 16.58 MMI 3.36 2.81 35.59 52.85 Sector Allocation as per Electricity, gas, steam and air conditioning supply State Development Loan Computer programming, consultancy and related Mfg of motor vehicles, trailers and semi-trailers Mfg of other non-metallic mineral products Mfg of tobacco products Mfg of pharmaceuticals, medicinal chemical & botanical products A1+ 4.85 4.21 3.45 2.83 2.81 2.71 2.65 1.74 Fixed Deposit 16.82 12.94 44.99 14
BALANCED FUND (ULIF-037-21/12/09-BALKFND-107) Aims for moderate growth for you by holding a diversified mix of equities and fixed interest instruments. Ratings Profile 21 st December 2009 20.4693 3,393 49 25.74 4.16 0.60 37.45 AAA : Rohit Agarwal : Kunal Shah 3,805 32.04 AA+ AA - 60% (BSE 100); - 40% (Crisil Bond) & Money Balanced Fund 1 month 2.5 2.5 3 months 7.3 8.1 6 months 3.8 5.7 1 year 16.9 17.3 2 years 8.3 7.1 3 years 14.9 12.2 4 years 14.0 12.3 5 years 13.0 11.4 6 years 10.5 9.0 7 years 10.1 8.7 10 years n.a n.a Inception 10.3 8.9 4.96 Modified Approved Duration Actual 30-60 53 Gsec / 20-70 35 00-40 13 Holdings % to Fund EQUITY 52.50 I T C Ltd 4.06 Infosys Ltd 3.61 HDFC Bank Ltd 3.07 IndusInd Bank Limited 2.46 ICICI Bank Ltd 2.44 Larsen And Toubro Ltd 2.06 Maruti Suzuki India Ltd 2.04 Tata Motors Ltd 1.89 Kotak Banking ETF - Dividend Payout Option 1.50 YES BANK LTD 1.50 UltraTech Cement Ltd 1.46 HCL Technologies Ltd 1.46 Zee Entertainment Enterprises Ltd 1.39 R Shares Banking ETF 1.39 Bharat Petroleum Corporation Ltd 1.12 Hero Honda Motors Ltd 1.11 Sun Pharmaceuticals Ltd 1.10 Britannia Industries Ltd 1.02 Bata India Limited 0.87 Shree Cement Ltd 0.85 16.11 G-Sec 19.28 8.17% GOI - 01.12.2044 2.76 8.13% GOI - 22.06.2045 2.45 7.72% GOI - 26.10.2055 1.99 8.30% GOI - 31.12.2042 1.29 7.54% NABARD - 29.03.2032 1.25 9.23% GOI - 23.12.2043 0.94 7.71% NABARD - 17.03.2032 0.71 7.75% PFC - 22.03.2027 0.70 7.50% GOI - 10.08.34 0.69 7.16% NABARD - 12.01.2032 0.54 5.96 Corporate 15.49 7.80% HDFC - 11.11.2019 1.38 8.18% EXIM- 07.12.2025 1.14 8.20% PGC - 23.01.2030 0.72 8.48% KMPL - 13.04.18 0.70 9.50% HDFC - 13.08.2024 0.60 7.95% REC - 12.03.2027 0.56 7.95% LIC Housing Finance - 26.03.2027 0.55 9.65% HDFC - 19.01.2019 P -20.03.15 0.43 8.51% Mahindra and Mahindra Financial Services Ltd- 22.06.20 0.42 9.85% Shriram Transport Finance Co Ltd 15.07.2017 0.42 8.58 MMI 12.05 0.67 Sector Allocation as per Computer programming, consultancy and related Mfg of tobacco products Mfg of motor vehicles, trailers and semi-trailers Mfg of other non-metallic mineral products Electricity, gas, steam and air conditioning supply State Development Loan Warehousing and support for transportation Mfg of coke and refined petroleum products 5.07 4.06 3.93 3.38 3.14 3.01 2.53 2.44 11.99 15.62 44.85 15
KOTAK OPPORTUNITIES FUND (ULIF-029-02/10/08-OPPFND-107) Aims to maximize opportunity for long term capital growth, by holding a significant portion in a diversified and flexible mix of large/medium sized company equities. 02 nd October 2008 42.8210 2,419-220 Ratings Profile 25.04 5.06 : Rohit Agarwal : Kunal Shah 109,494 69.90 Fixed Deposit - 100% (BSE 200) & Money Opportunities Fund 1 month 3.5 3.4 3 months 14.1 13.7 6 months 6.1 7.3 1 year 24.0 22.5 2 years 7.8 6.2 3 years 19.2 14.2 4 years 18.3 14.9 5 years 16.1 13.1 6 years 12.2 9.0 7 years 12.1 8.9 10 years n.a n.a Inception 18.7 11.3 0.09 Modified Approved Duration Actual 75-100 98 Gsec / 00-25 0 00-25 2 Holdings % to Fund EQUITY 98.03 HDFC Bank Ltd 5.94 I T C Ltd 5.01 Infosys Ltd 4.54 IndusInd Bank Limited 4.05 Kotak Banking ETF - Dividend Payout Option 3.96 ICICI Bank Ltd 3.71 Maruti Suzuki India Ltd 3.66 Tata Motors Ltd 3.48 Larsen And Toubro Ltd 3.25 YES BANK LTD 2.76 Britannia Industries Ltd 2.37 Shree Cement Ltd 2.26 Indian Oil Corporation Ltd 2.26 Reliance Industries Ltd 2.16 R Shares Banking ETF 2.04 HCL Technologies Ltd 1.97 Bharat Electronics Ltd 1.90 State Bank of India 1.85 Bharat Petroleum Corporation Ltd 1.43 Vedanta Limited 1.43 38.00 Corporate 0.11 7.25% HDFC Bank FD NSE - 09.08.2017 0.04 7.50% HDFC Bank FD NSE - 24.07.2017 0.04 7.50% HDFC Bank FD BSE - 24.07.2017 0.02 MMI 2.06-0.20 Sector Allocation as per Mfg of motor vehicles, trailers and semi-trailers Computer programming, consultancy and related Mfg of coke and refined petroleum products Mfg of other non-metallic mineral products Mfg of tobacco products Civil engineering Mfg of other transport equipment Mfg of pharmaceuticals, medicinal chemical & botanical products Warehousing and support for transportation 7.96 7.18 6.13 5.11 5.01 4.24 4.05 3.79 3.61 30.88 22.06 16
KOTAK AGGRESSIVE GROWTH FUND (ULIF-018-13/09/04-AGRGWTFND-107) Aims for a high level of capital growth by holding a significant portion in large sized company equities. Ratings Profile 13 th September 2004 2,076-170 4.90 4.86 68.7543 Fixed Deposit : Rohit Agarwal : Kunal Shah 29,831 90.24-100% (BSE 100) & Money Aggressive Growth Fund 1 month 3.2 3.3 3 months 13.0 13.2 6 months 5.2 7.1 1 year 22.3 21.2 2 years 7.6 5.0 3 years 17.3 12.3 4 years 17.5 13.7 5 years 15.3 12.3 6 years 11.2 8.4 7 years 11.1 8.3 10 years 11.7 9.5 Inception 16.6 13.5 0.10 Modified Approved Duration Actual 60-100 94 Gsec / 00-40 0 00-40 6 Holdings % to Fund EQUITY 94.00 I T C Ltd 6.78 Infosys Ltd 6.66 HDFC Bank Ltd 5.01 IndusInd Bank Limited 4.62 R Shares Banking ETF 4.28 ICICI Bank Ltd 4.26 Larsen And Toubro Ltd 3.69 Tata Motors Ltd 3.65 Maruti Suzuki India Ltd 3.36 Kotak Banking ETF - Dividend Payout Option 3.15 UltraTech Cement Ltd 3.02 YES BANK LTD 2.83 Zee Entertainment Enterprises Ltd 2.78 Bharat Petroleum Corporation Ltd 2.57 Shree Cement Ltd 2.28 Hero Honda Motors Ltd 2.25 Sun Pharmaceuticals Ltd 2.24 HCL Technologies Ltd 2.06 Hindustan Petroleum Corporation Ltd 1.81 Bata India Limited 1.69 24.99 Corporate 0.32 7.50% HDFC Bank FD NSE - 24.07.2017 0.13 7.25% HDFC Bank FD NSE - 09.08.2017 0.13 7.50% HDFC Bank FD BSE - 24.07.2017 0.06 MMI 6.22-0.54 Sector Allocation as per Computer programming, consultancy and related Mfg of motor vehicles, trailers and semi-trailers Mfg of tobacco products Mfg of other non-metallic mineral products Mfg of coke and refined petroleum products Mfg of other transport equipment Mfg of pharmaceuticals, medicinal chemical & botanical products Warehousing and support for transportation Civil engineering 8.72 7.01 6.78 6.12 5.31 4.47 3.93 3.75 3.69 13.46 36.76 17
GUARANTEE FUND (ULIF-048-05/02/10-GRTFND-107) Fund Investment Strategy Objective of The Fund Aims to provide stable, long-term inflation beating growth over medium to long-term and defend capital against short-term capital shocks Ratings Profile 05 th February 2010 17.0615 25 1,832 24.60 4.62 0.59 0.16 AAA 37.71 AA+ : : - 37.5% (Nifty); - 62.5% (Crisil Bond) & Money Rohit Agarwal Kunal Shah Guarantee Fund 1 month 2.2 2.1 3 months 5.7 4.9 6 months 3.8 4.6 1 year 12.7 14.0 2 years 5.3 7.8 3 years 9.5 11.4 4 years 8.2 11.0 5 years 8.5 10.5 6 years 7.0 9.0 7 years 7.1 8.8 10 years n.a n.a Inception 7.8 9.3 5.00 Modified Approved Duration Actual 00-75 51 Gsec / 00-100 37 00-100 13 1,744 Holdings % to Fund EQUITY 50.88 I T C Ltd 3.69 Reliance Industries Ltd 3.47 HDFC Bank Ltd 3.30 Infosys Ltd 3.08 Housing Development Finance Corp. Ltd 2.70 Larsen And Toubro Ltd 2.16 Tata Consultancy Services Ltd 1.95 ICICI Bank Ltd 1.83 Tata Motors Ltd 1.42 Sun Pharmaceuticals Ltd 1.35 Maruti Suzuki India Ltd 1.34 Hindustan Unilever Ltd 1.25 State Bank of India 1.06 Mahindra & Mahindra Ltd 1.01 Oil & Natural Gas Corporation Ltd 1.00 Axis Bank Ltd 0.94 Asian Paints Ltd 0.93 Bharti Airtel Ltd 0.92 Power Grid Corporation of India Ltd 0.88 UltraTech Cement Ltd 0.86 15.75 G-Sec 20.66 8.17% GOI - 01.12.2044 2.92 8.13% GOI - 22.06.2045 2.58 7.72% GOI - 26.10.2055 2.09 8.30% GOI - 31.12.2042 1.43 7.54% NABARD - 29.03.2032 1.39 9.23% GOI - 23.12.2043 1.01 8.31% GJ SDL - 03.02.2020 1.00 1.44% INFLATION INDEX GS 2023 0.95 7.71% NABARD - 17.03.2032 0.85 7.75% PFC - 22.03.2027 0.84 5.59 Corporate 15.86 8.92% L&T Finance Ltd. - 06.07.2018 1.40 8.18% EXIM- 07.12.2025 1.15 8.48% KMPL - 13.04.18 0.84 9.50% HDFC - 13.08.2024 0.60 9.85% HDFC Bank 2019-17.03.2024 CALL 17.03.2019 0.58 8.20% PGC - 23.01.2030 0.58 7.95% REC - 12.03.2027 0.57 9.90% State Bank of Patiala - 28.09.2022 CALL 28.09.2017 0.56 9.85% Shriram Transport Finance Co Ltd 15.07.2017 0.56 7.95% LIC Housing Finance - 26.03.2027 0.56 8.47 MMI 11.91 0.69 32.32 Sector Allocation as per Computer programming, consultancy and related Electricity, gas, steam and air conditioning supply Mfg of coke and refined petroleum products State Development Loan Mfg of motor vehicles, trailers and semi-trailers Mfg of tobacco products Mfg of pharmaceuticals, medicinal chemical & botanical products Mfg of chemicals and chemical products 6.69 4.93 4.66 4.10 4.01 3.69 3.41 2.83 AA Fixed Deposit 11.55 12.37 41.78 18
MONEY MARKET FUND (ULIF-041-05/01/10-MNMKKFND-107) Aims to protect your capital and not have downside risks Ratings Profile 05 th January 2010 0.3 14.34 0.51 A1+ 17.1850 : Kunal Shah 24,457 85.16-0% (NA); - 100% (Crisil Liquid) Holdings % to Fund MMI 100.00 Sector Allocation as per & Money 0.39 59.74 Modified Approved Duration Actual 100 100 Electricity, gas, steam and air conditioning supply Mfg of basic metals 8.21 8.00 Money Market Fund 1 month 0.5 0.6 3 months 1.6 1.6 6 months 3.5 3.3 1 year 7.3 7.1 2 years 7.7 7.6 3 years 8.0 8.0 4 years 8.2 8.4 5 years 8.4 8.4 6 years 8.4 8.4 7 years 7.9 8.1 Undifferentiated goods & services-producing of private Mfg of motor vehicles, trailers and semi-trailers Mfg of pharmaceuticals, medicinal chemical & botanical products 7.89 7.89 7.76 0.51 10 years n.a n.a Inception 7.8 7.9 19
KOTAK DYNAMIC GROWTH FUND (ULIF-012-27/06/03-DYGWTFND-107) Aims for a high level of capital growth by holding a significant portion in large sized company equities. 27 th June 2003 68.2370 : : - 80% (BSE 100); - 20% (Crisil Bond) & Money Rohit Agarwal Kunal Shah Kotak Dynamic Growth Fund 1 month 3.1 2.9 3 months 10.3 10.6 6 months 4.6 6.4 1 year 19.8 19.2 2 years 8.2 6.1 3 years 16.1 12.3 4 years 15.8 13.1 5 years 14.2 11.9 6 years 10.8 8.8 7 years 10.7 8.6 10 years 10.1 9.5 Inception 15.0 13.6 6.56 Modified Approved Duration Actual 40-80 76 Gsec / 20-60 22 00-40 2 1,528 Holdings 18 5,024 % to Fund EQUITY 76.47 I T C Ltd 5.28 Infosys Ltd 5.15 HDFC Bank Ltd 4.04 IndusInd Bank Limited 3.90 ICICI Bank Ltd 3.58 Tata Motors Ltd 2.88 Kotak Banking ETF - Dividend Payout Option 2.86 R Shares Banking ETF 2.82 Maruti Suzuki India Ltd 2.60 Larsen And Toubro Ltd 2.54 UltraTech Cement Ltd 2.23 YES BANK LTD 2.22 Zee Entertainment Enterprises Ltd 2.03 Bharat Petroleum Corporation Ltd 1.85 Hero Honda Motors Ltd 1.80 HCL Technologies Ltd 1.67 Sun Pharmaceuticals Ltd 1.67 Shree Cement Ltd 1.50 Whirlpool Of India Ltd 1.40 Britannia Industries Ltd 1.32 23.13 G-Sec 16.66 8.60% GOI - 02.06.2028 3.34 8.97% GOI - 05.12.2030 2.59 8.30% GOI - 31.12.2042 1.66 8.13% GOI - 22.06.2045 1.64 8.17% GOI - 01.12.2044 1.48 8.30% GOI - 02.07.2040 1.24 8.83% GOI - 12.12.2041 0.88 7.16% GOI - 20.05.2023 0.86 8.42% TN SDL - 25.08.2020 0.63 7.72% GOI - 26.10.2055 0.39 1.95 Corporate 4.93 11.15% REC - 24.10.2018 1.61 9.36% IDFC Bank - 21.08.24 0.81 9.85% HDFC Bank 2019-17.03.2024 CALL 17.03.2019 0.48 9.70% PFC - 15.12.2018 0.47 9.02% REC - 19.11.2022 0.32 8.65% PFC - 28.12.2024 0.32 9.85% Shriram Transport Finance Co Ltd 15.07.2017 0.31 9.75% REC - 11.11.2021. 0.17 8.23% REC - 23.01.2025 0.16 7.50% HDFC Bank FD NSE - 24.07.2017 0.12 0.17 MMI 1.67 0.27 Ratings Profile 18.67 1.31 1.22 7.17 71.62 Sector Allocation as per Computer programming, consultancy and related Mfg of motor vehicles, trailers and semi-trailers Mfg of other non-metallic mineral products Mfg of tobacco products Mfg of coke and refined petroleum products Mfg of pharmaceuticals, medicinal chemical & botanical products Mfg of other transport equipment Warehousing and support for transportation AAA AA+ Fixed Deposit 6.82 5.48 5.35 5.28 3.46 2.82 2.70 2.62 15.20 19.21 31.08 20
DYNAMIC FLOOR FUND (ULIF-028-14/11/06-DYFLRFND-107) Aims to provide you with stable long-term inflation beating growth over medium to long-term and defend your capital against short-term capital shocks. Ratings Profile 14 th November 2006 25.8307 60,607 3,035 39,295 1.35 0.45 4.11 0.11 5.42 AAA AA+ AA : : - 37.5% (Nifty); - 62.5% (Crisil Bond) & Money Rohit Agarwal Kunal Shah Dynamic Floor Fund 1 month 2.1 2.1 3 months 5.0 4.9 6 months 3.3 4.6 1 year 14.6 14.0 2 years 6.6 7.8 3 years 10.2 11.4 4 years 8.7 11.0 5 years 8.5 10.5 6 years 7.0 9.0 7 years 7.0 8.8 10 years 9.9 9.2 Inception 9.6 8.8 5.98 Modified Approved Duration Actual 00-75 38 Gsec / 00-100 56 00-40 6 Holdings % to Fund EQUITY 38.17 I T C Ltd 2.65 Infosys Ltd 2.59 HDFC Bank Ltd 2.17 IndusInd Bank Limited 1.89 ICICI Bank Ltd 1.85 Tata Motors Ltd 1.49 Kotak Banking ETF - Dividend Payout Option 1.47 Maruti Suzuki India Ltd 1.33 R Shares Banking ETF 1.27 Larsen And Toubro Ltd 1.26 UltraTech Cement Ltd 1.14 YES BANK LTD 1.10 Zee Entertainment Enterprises Ltd 1.02 Bharat Petroleum Corporation Ltd 0.93 Hero Honda Motors Ltd 0.92 Sun Pharmaceuticals Ltd 0.86 HCL Technologies Ltd 0.86 Shree Cement Ltd 0.75 Britannia Industries Ltd 0.66 Bata India Limited 0.63 11.32 G-Sec 28.28 8.17% GOI - 01.12.2044 4.34 8.13% GOI - 22.06.2045 3.84 7.72% GOI - 26.10.2055 3.16 8.30% GOI - 31.12.2042 2.11 7.54% NABARD - 29.03.2032 1.98 9.23% GOI - 23.12.2043 1.50 7.71% NABARD - 17.03.2032 1.13 1.44% INFLATION INDEX GS 2023 1.11 7.16% NABARD - 12.01.2032 1.08 7.75% PFC - 22.03.2027 1.08 6.93 Corporate 27.91 8.18% EXIM- 07.12.2025 1.82 8.48% KMPL - 13.04.18 1.34 8.20% PGC - 23.01.2030 1.09 7.78% HDFC - 24.03.2020 1.07 7.80% HDFC - 11.11.2019 1.07 9.50% HDFC - 13.08.2024 1.03 8.51% Mahindra and Mahindra Financial Services Ltd- 22.06.20 0.89 7.95% LIC Housing Finance - 26.03.2027 0.89 9.85% Shriram Transport Finance Co Ltd 15.07.2017 0.86 8.92% L&T Finance Ltd. - 06.07.2018 0.83 17.02 MMI 2.69 2.95 35.96 52.58 Sector Allocation as per Electricity, gas, steam and air conditioning supply State Development Loan Computer programming, consultancy and related Mfg of motor vehicles, trailers and semi-trailers Mfg of other non-metallic mineral products Mfg of tobacco products Mfg of coke and refined petroleum products 5.11 4.41 3.45 2.95 2.82 2.70 2.65 1.73 A1+ Fixed Deposit 16.77 13.14 44.28 21
KOTAK DYNAMIC BALANCED FUND (ULIF-009-27/06/03-DYBALFND-107) Aims for moderate growth by holding a diversified mix of equities and fixed interest instruments. Ratings Profile 27 th June 2003 58.0654 36 22.84 1.05 AAA 2.05 0.40 41.56 AA+ : Rohit Agarwal : Kunal Shah 980 1,180 32.10 AA Fixed Deposit - 60% (BSE 100); - 40% (Crisil Bond) & Money Dynamic Balanced Fund 1 month 2.5 2.5 3 months 7.2 8.1 6 months 3.8 5.7 1 year 16.9 17.3 2 years 8.3 7.1 3 years 14.9 12.2 4 years 14.2 12.3 5 years 13.1 11.4 6 years 10.6 9.0 7 years 10.3 8.7 10 years 10.2 9.4 Inception 13.6 12.1 5.10 Modified Approved Duration Actual 30-60 54 Gsec / 20-70 34 00-40 12 Holdings % to Fund EQUITY 53.72 I T C Ltd 3.86 Infosys Ltd 3.74 HDFC Bank Ltd 3.09 IndusInd Bank Limited 2.57 ICICI Bank Ltd 2.52 Tata Motors Ltd 1.93 Kotak Banking ETF - Dividend Payout Option 1.87 R Shares Banking ETF 1.86 Maruti Suzuki India Ltd 1.73 Larsen And Toubro Ltd 1.65 YES BANK LTD 1.54 UltraTech Cement Ltd 1.53 Zee Entertainment Enterprises Ltd 1.48 Hero Honda Motors Ltd 1.22 Bharat Petroleum Corporation Ltd 1.20 HCL Technologies Ltd 1.20 Sun Pharmaceuticals Ltd 1.16 Shree Cement Ltd 0.99 Bata India Limited 0.92 Whirlpool Of India Ltd 0.92 16.76 G-Sec 17.98 8.17% GOI - 01.12.2044 2.83 8.13% GOI - 22.06.2045 2.52 7.72% GOI - 26.10.2055 2.03 8.30% GOI - 31.12.2042 1.37 7.54% NABARD - 29.03.2032 1.37 9.23% GOI - 23.12.2043 0.98 1.44% INFLATION INDEX GS 2023 0.64 9.40% MP SDL - 30.01.2024 0.50 7.71% NABARD - 17.03.2032 0.47 7.85% IREDA - 06.03.2027 0.46 4.80 Corporate 16.46 8.20% PGC - 23.01.2030 0.95 8.18% EXIM- 07.12.2025 0.94 8.48% KMPL - 13.04.18 0.92 8.85% PGC - 19.10.2026 0.62 8.85% PGC - 19.10.2025 0.61 9.75% REC - 11.11.2021. 0.50 9.50% HDFC - 13.08.2024 0.49 9.47% LIC Housing Finance - 23.08.2024 0.49 9.39% LIC Housing Finance - 23.08.2024 - P - 26.08.15 0.49 9.69% Tata Sons - 12.06.2022 0.49 9.97 MMI 10.19 1.65 Sector Allocation as per Computer programming, consultancy and related Mfg of tobacco products Electricity, gas, steam and air conditioning supply Mfg of motor vehicles, trailers and semi-trailers Mfg of other non-metallic mineral products Warehousing and support for transportation State Development Loan Mfg of coke and refined petroleum products 4.94 3.86 3.79 3.66 3.65 3.39 3.27 2.37 11.05 17.14 42.88 22
DYNAMIC BOND FUND (ULIF-015-15/04/04-DYBNDFND-107) Aims to preserve capital and minimize downside risk, with investment in debt and government instruments. Ratings Profile 15 th April 2004 5,425 0.93 5.03 1.52 0.70 AAA AA+ 29.8705 : Kunal Shah 99,649 35.46 56.36 A1+ AA - 100% (Crisil Bond) & Money Dynamic Bond Fund 1 month 1.4 1.3 3 months 0.4 0.8 6 months 2.4 3.4 1 year 10.9 11.1 2 years 9.0 9.7 3 years 11.3 11.3 4 years 9.3 9.5 5 years 9.7 9.5 6 years 9.7 9.2 7 years 9.3 8.6 10 years 10.0 8.1 Inception 8.8 6.7 6.23 Modified Approved Duration Actual Gsec 00-75 46 25-100 47 00-40 7 Holdings % to Fund G-Sec 46.00 8.17% GOI - 01.12.2044 7.17 8.13% GOI - 22.06.2045 6.34 7.72% GOI - 26.10.2055 5.25 8.30% GOI - 31.12.2042 3.50 7.54% NABARD - 29.03.2032 3.29 9.23% GOI - 23.12.2043 2.51 7.71% NABARD - 17.03.2032 2.18 7.75% PFC - 22.03.2027 2.00 7.16% NABARD - 12.01.2032 1.79 1.44% INFLATION INDEX GS 2023 1.56 10.41 Corporate 46.51 8.18% EXIM- 07.12.2025 3.03 8.48% KMPL - 13.04.18 2.09 8.20% PGC - 23.01.2030 1.88 9.50% HDFC - 13.08.2024 1.72 7.78% HDFC - 24.03.2020 1.72 7.80% HDFC - 11.11.2019 1.71 7.95% LIC Housing Finance - 26.03.2027 1.48 7.95% REC - 12.03.2027 1.39 8.51% Mahindra and Mahindra Financial Services Ltd- 22.06.20 1.35 9.85% Shriram Transport Finance Co Ltd 15.07.2017 1.35 28.80 MMI 2.32 5.16 Sector Allocation as per Electricity, gas, steam and air conditioning supply State Development Loan Warehousing and support for transportation Mfg of basic metals Mfg of pharmaceuticals, medicinal chemical & botanical products 6.85 6.37 5.16 3.36 0.66 0.45 27.26 49.88 23
KOTAK DYNAMIC GILT FUND (ULIF-006-27/06/03-DYGLTFND-107) Aims to preserve your capital and minimize your downside risk, with investment in debt and government instruments. Ratings Profile 27 th June 2003-114 8.47 27.3905 : Kunal Shah 5,238 91.53-100% (IBEX) & Money 7.89 Modified Approved Duration Actual Gsec 80-100 94 00-40 6 Holdings % to Fund G-Sec 93.58 8.13% GOI - 22.06.2045 11.98 8.17% GOI - 01.12.2044 11.76 9.23% GOI - 23.12.2043 9.63 7.72% GOI - 26.10.2055 8.85 8.90% MH SDL - 24.09.2024 5.30 8.30% GOI - 31.12.2042 4.53 8.99% MP SDL - 07.03.2022 3.19 9.25% RJ SDL - 09.10.2023 2.66 7.62% TN SDL - 09.08.2026 2.59 9.40% MP SDL - 30.01.2024 2.41 30.69 MMI 8.66-2.23 Sector Allocation as per State Development Loan 41.29 52.29 Dynamic Gilt Fund 1 month 1.4 1.2 3 months -0.8 0.3 6 months 1.6 3.0 1 year 10.9 10.9 2 years 8.9 9.6 3 years 11.9 11.5 4 years 9.3 9.6 5 years 9.8 10.0 6 years 9.3 9.5 8.66-2.23 7 years 8.9 9.0 10 years 8.9 8.9 Inception 7.6 7.7 24
KOTAK DYNAMIC FLOATING RATE FUND (ULIF-020-07/12/04-DYFLTRFND-107) Aims to preserve capital and minimize downside risk, with investment in debt and government instruments. Ratings Profile 07 th December 2004 27 16.30 1.05 A1+ 24.7501 AA+ : Kunal Shah 2,006 29.19 53.46-100% (Crisil Liquid) & Money Dynamic Floating Rate Fund 1 month 0.5 0.6 3 months 1.1 1.6 6 months 3.0 3.3 2.69 Modified Approved Duration Actual Gsec 00-75 40 25-100 29 00-40 31 Holdings % to Fund G-Sec 39.92 6.13% GOI - 04.06.2028 6.56 8.19% GOI - 16.01.2020 5.36 8.13% OMC GOI Special Bond - 16.10.21 3.18 8.84% PN SDL - 11.06.2024 2.95 6.05% GOI - 12.06.2019 2.88 8.79% GOI - 08.11.2021 2.81 9.37% MAH SDL - 04.12.2023 2.76 8.15% GOI FCI Bonds - 16.10.22 2.65 7.28% GOI - 03.06.2019 2.60 8.51% PN SDL - 10.04.2023 2.32 5.86 Corporate 28.92 GOI FRB - 21.12.2020 12.84 L&T Finance Ltd NSE Mibor +2% - 05.08.2019 8.68 Shriram Transport Finance Co Ltd Floater - 19.07.19 7.40 MMI 29.84 1.32 Sector Allocation as per State Development Loan Mfg of pharmaceuticals, medicinal chemical & botanical products Undifferentiated goods & services-producing of private 12.20 6.53 4.35 40.56 30.69 1 year 7.7 7.1 2 years 7.4 7.6 3 years 8.3 8.0 4 years 9.1 8.4 5 years 9.0 8.4 6 years 8.8 8.4 Mfg of motor vehicles, trailers and semi-trailers 4.35 1.32 7 years 8.4 8.1 10 years 8.0 7.6 Inception 7.6 7.2 25
PEAK GUARANTEE FUND I (ULIF-049-14/02/10-PKGRTFND1-107) Aims for a high level of capital growth by holding a significant portion in large sized company equities. Ratings Profile 14 th February 2010 16.2259 13 1,170 4.73 1.38 0.35 5.65 44.33 AAA AA+ : Rohit Agarwal : Kunal Shah 745 43.56 AA Fixed Deposit - 37.5% (Nifty); - 62.5% (Crisil Bond) & Money Peak Guarantee Fund I 1 month 2.1 2.1 3 months 5.4 4.9 6 months 3.6 4.6 1 year 12.2 14.0 2 years 4.9 7.8 3 years 9.1 11.4 4 years 7.9 11.0 5 years 8.0 10.5 6 years 6.7 9.0 7 years 6.6 8.8 10 years n.a n.a Inception 7.0 9.2 6.16 Modified Approved Duration Actual 00-100 61 Gsec / 00-100 36 00-100 3 Holdings % to Fund EQUITY 60.67 I T C Ltd 4.40 Reliance Industries Ltd 4.13 HDFC Bank Ltd 3.94 Infosys Ltd 3.67 Housing Development Finance Corp. Ltd 3.22 Larsen And Toubro Ltd 2.58 Tata Consultancy Services Ltd 2.32 ICICI Bank Ltd 2.18 Tata Motors Ltd 1.70 Sun Pharmaceuticals Ltd 1.61 Maruti Suzuki India Ltd 1.60 Hindustan Unilever Ltd 1.49 State Bank of India 1.26 Mahindra & Mahindra Ltd 1.20 Oil & Natural Gas Corporation Ltd 1.19 Axis Bank Ltd 1.13 Asian Paints Ltd 1.11 Bharti Airtel Ltd 1.09 Power Grid Corporation of India Ltd 1.05 UltraTech Cement Ltd 1.02 18.77 G-Sec 20.99 8.17% GOI - 01.12.2044 2.90 8.13% GOI - 22.06.2045 2.55 7.72% GOI - 26.10.2055 2.10 8.31% GJ SDL - 03.02.2020 1.60 7.54% NABARD - 29.03.2032 1.56 8.30% GOI - 31.12.2042 1.42 1.44% INFLATION INDEX GS 2023 1.05 9.23% GOI - 23.12.2043 1.02 7.71% NABARD - 17.03.2032 0.53 7.85% IREDA - 06.03.2027 0.53 5.72 Corporate 15.48 8.92% L&T Finance Ltd. - 06.07.2018 1.31 8.20% PGC - 23.01.2030 1.08 8.18% EXIM- 07.12.2025 1.07 8.48% KMPL - 13.04.18 1.05 9.30% PGC - 28.06.2024 0.71 8.85% PGC - 19.10.2025 0.69 9.50% HDFC - 13.08.2024 0.56 9.69% Tata Sons - 12.06.2022 0.56 9.25% LIC Housing Finance - 12.11.2022 0.55 9.85% HDFC Bank 2019-17.03.2024 CALL 17.03.2019 0.54 7.36 MMI 2.18 0.68 Sector Allocation as per Computer programming, consultancy and related Mfg of coke and refined petroleum products Electricity, gas, steam and air conditioning supply State Development Loan Mfg of motor vehicles, trailers and semi-trailers Mfg of tobacco products Mfg of pharmaceuticals, medicinal chemical & botanical products Mfg of chemicals and chemical products 7.98 5.55 5.46 5.09 4.78 4.40 4.06 3.37 11.75 14.79 32.77 26
KOTAK GUARANTEED GROWTH FUND (ULIF-013-27/06/03-GRTGWTFND-107) Aims for a high level of capital growth by holding a significant portion in large sized company equities. Ratings Profile 27 th June 2003 58.4617 41,956 1,922 7.22 4.22 0.66 0.61 AAA 50.70 AA+ : : - 40% (BSE 100); - 60% (Crisil Bond) & Money Rohit Agarwal Kunal Shah Guaranteed Growth Fund 1 month 2.6 2.1 3 months 7.5 5.6 6 months 4.1 5.0 1 year 17.3 15.3 2 years 8.6 8.1 3 years 14.2 12.0 4 years 12.7 11.5 5 years 11.9 10.9 6 years 10.1 9.2 7 years 9.7 8.8 10 years 8.7 9.4 Inception 13.7 11.6 5.99 Modified Approved Duration Actual 00-80 55 Gsec / 20-60 40 00-40 5 Holdings 54,575 % to Fund EQUITY 55.43 I T C Ltd 3.90 Infosys Ltd 3.59 HDFC Bank Ltd 2.90 IndusInd Bank Limited 2.78 ICICI Bank Ltd 2.76 Kotak Banking ETF - Dividend Payout Option 2.16 Tata Motors Ltd 2.16 Larsen And Toubro Ltd 1.97 Maruti Suzuki India Ltd 1.94 R Shares Banking ETF 1.82 YES BANK LTD 1.51 Zee Entertainment Enterprises Ltd 1.51 UltraTech Cement Ltd 1.49 Hero Honda Motors Ltd 1.38 Bharat Petroleum Corporation Ltd 1.35 Shree Cement Ltd 1.26 HCL Technologies Ltd 1.17 Sun Pharmaceuticals Ltd 1.15 Whirlpool Of India Ltd 1.13 Britannia Industries Ltd 1.07 16.41 G-Sec 20.69 8.17% GOI - 01.12.2044 3.17 8.13% GOI - 22.06.2045 2.80 7.72% GOI - 26.10.2055 2.30 8.30% GOI - 31.12.2042 1.57 7.54% NABARD - 29.03.2032 1.42 9.23% GOI - 23.12.2043 1.10 1.44% INFLATION INDEX GS 2023 1.02 7.71% NABARD - 17.03.2032 0.83 7.16% NABARD - 12.01.2032 0.83 7.75% PFC - 22.03.2027 0.78 4.87 Corporate 18.85 8.18% EXIM- 07.12.2025 1.31 8.48% KMPL - 13.04.18 0.97 9.50% HDFC - 13.08.2024 0.75 7.78% HDFC - 24.03.2020 0.71 9.85% Shriram Transport Finance Co Ltd 15.07.2017 0.67 7.95% LIC Housing Finance - 26.03.2027 0.64 8.51% Mahindra and Mahindra Financial Services Ltd- 22.06.20 0.59 7.95% REC - 12.03.2027 0.59 9.65% HDFC - 19.01.2019 P -20.03.15 0.58 7.87% Mahindra and Mahindra Financial Services Ltd- 28.03.19 0.55 11.48 MMI 3.08 1.95 36.60 Sector Allocation as per Computer programming, consultancy and related Mfg of motor vehicles, trailers and semi-trailers Mfg of tobacco products Mfg of other non-metallic mineral products Electricity, gas, steam and air conditioning supply Warehousing and support for transportation State Development Loan Mfg of coke and refined petroleum products Fixed Deposit AA 4.76 4.11 3.90 3.90 3.50 3.47 3.16 2.52 12.44 17.92 40.34 27