CONTENTS. ANNUAL FUND UPDATE AS ON 31st March 2016 INDIVIDUAL FUNDS. Click on the Fund Name for details GROUP FUNDS

CONTENTS S Click on the Fund Name for details MARKET OUTLOOK 2 KOTAK GUARANTEED GROWTH FUND (ULIF-013-27/06/03-GRTGWTFND-107) 25 FUND PERFORMANCE OF ULIP FUNDS 5 KOTAK GUARANTEED BALANCED FUND (ULIF-010-27/06/03-GRTBALFND-107) 26 PRODUCT - FUND MATRIX 8 PENSION CLASSIC OPPORTUNITIES FUND (ULIF-042-07/01/10-PNCLAOPFND-107) 27 CLASSIC OPPORTUNITIES FUND (ULIF-033-16/12/09-CLAOPPFND-107) 10 KOTAK PENSION OPPORTUNITIES FUND (ULIF-032-17/07/09-PNOPPFND-107) 28 FRONTLINE EQUITY FUND (ULIF-034-17/12/09-FRLEQUFND-107) 11 PENSION FRONTLINE EQUITY FUND (ULIF-044-11/01/10-PNFRLEQFND-107) 29 DYNAMIC FLOOR FUND II (ULIF-035-17/12/09-DYFLRFND2-107) 12 PENSION GUARANTEE FUND (ULIF-038-21/12/09-PNGRTFND-107) 30 BALANCED FUND (ULIF-037-21/12/09-BALKFND-107) 13 KOTAK PENSION GROWTH FUND (ULIF-030-07/01/09-PNGWTFND-107) 31 KOTAK OPPORTUNITIES FUND (ULIF-029-02/10/08-OPPFND-107) 14 KOTAK PENSION FLOOR FUND (ULIF-031-13/07/09-PNFLRFND-107) 32 KOTAK AGGRESSIVE GROWTH FUND (ULIF-018-13/09/04-AGRGWTFND-107) 15 PENSION FLOOR FUND II (ULIF-043-08/01/10-PNFLRKFND2-107 ) 33 GUARANTEE FUND (ULIF-048-05/02/10-GRTFND-107) 16 KOTAK PENSION BALANCED FUND (ULIF-011-27/06/03-PNBALFND-107 ) 34 MONEY MARKET FUND (ULIF-041-05/01/10-MNMKKFND-107) 17 PENSION BALANCED FUND II (ULIF-046-24/01/10-PNBALFND2-107) 35 KOTAK DYNAMIC GROWTH FUND (ULIF-012-27/06/03-DYGWTFND-107) 18 KOTAK PENSION BOND FUND (ULIF-017-15/04/04-PNBNDFND-107) 36 DYNAMIC FLOOR FUND (ULIF-028-14/11/06-DYFLRFND-107) 19 KOTAK PENSION GILT FUND (ULIF-008-27/06/03-PNGLTFND-107) 37 KOTAK DYNAMIC BALANCED FUND (ULIF-009-27/06/03-DYBALFND-107) 20 KOTAK PENSION FLOATING RATE FUND (ULIF-022-07/12/04-PNFLTRFND-107) 38 KOTAK DYNAMIC BOND FUND (ULIF-015-15/04/04-DYBNDFND-107) 21 PENSION MONEY MARKET FUND II (ULIF-039-28/12/09-PNMNMKFND-107) 39 KOTAK DYNAMIC GILT FUND (ULIF-006-27/06/03-DYGLTFND-107) 22 KOTAK ADVANTAGE PLUS FUND II (ULIF-027-21/04/06-ADVPLSFND2-107) 40 KOTAK DYNAMIC FLOATING RATE FUND (ULIF-020-07/12/04-DYFLTRFND-107) 23 KOTAK ADVANTAGE MULTIPLIER FUND II (ULIF-026-21/04/06-ADVMULFND2-107) 41 PEAK GUARANTEE FUND I (ULIF-049-14/02/10-PKGRTFND1-107) 24 DISCONTINUED POLICY FUND (ULIF-050-23/03/11-DISPOLFND-107) 42 S Click on the Fund Name for details KOTAK GROUP DYNAMIC FLOOR FUND (ULGF-015-07/01/10-DYFLRFND-107) 44 KOTAK GROUP SECURE CAPITAL FUND (ULGF-016-12/04/11-SECCAPFND-107) 50 KOTAK GROUP BALANCED FUND (ULGF-003-27/06/03-BALFND-107) 45 KOTAK 57M FMP 07/04/2016 (ULGF-017-14/07/11-57FM070416-107) 51 KOTAK GROUP BOND FUND (ULGF-004-15/04/04-BNDFND-107) 46 KOTAK GROUP SHORT TERM BOND FUND (ULGF-018-18/12/13-SHTRMBND-107) 52 KOTAK GROUP GILT FUND (ULGF-002-27/06/03-GLTFND-107) 47 ANNEXURE 53 KOTAK GROUP FLOATING RATE FUND (ULGF-005-07/12/04-FLTRFND-107) 48 DISCLAIMER 59 KOTAK GROUP MONEY MARKET FUND (ULGF-001-27/06/03-MNMKFND-107) 49 01

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 stellar FY15, Indian equities were volatile during FY16. Sensex was down 17.9% till February, however with post budget rally Sensex finally ended FY 16 with 9.4% loss. BSE midcap index continued its outperformance to Sensex by 9.6%. 10 year benchmark yields fell 27 bps to end FY 16 at 7.47%. USD INR depreciated 6% in FY16. Intially down 5.8% till Sep 15, Gold ended FY 16 with 4.8% gains in USD terms after making a low of USD 1051/ounce. After 49% fall in FY 15, Crude was down another 28% in FY 16. It made a low of USD 27.9/bbl during the year. In FY 16, FIIs (Foreign Institutional Investors) sold USD 2.01bn of Indian equities after of inflow. They also sold USD 0.51 bn of Indian debt. Sensex BSE Midcap S& P 500 FTSE Hang Seng Crisil Composite Bond Index Crisil Liquid Index ICICI Securities Benchmark Gilt Index Gold ($ / ounce) INR / USD Crude ended 31 6 month ended March 16 Sep 15 (absolute) (Annualized) -6.4% -9.4% 2.0% 0.3% -7.2% -0.4% -10.5% -8.8% -16.3% -16.6% 4.3% 4.1% 8.2% 8.1% 4.2% -5.8% -4.9% -12.2% 8.2% 4.2% -6.0% -28.1% 02

MARKET OUTLOOK Key Economic Indicators Mar-15-2.30% 5.20% 7.50% 8.50% WPI CPI Repo Rate MSF FY 14-15 GDP IIP Sep-15-4.50% 4.40% 6.75% 7.75% Mar-16-0.85% 4.80% 6.75% 7.75% FY 15-16 7.3% 2.8% 7.6% 2.4% 03

MARKET OUTLOOK Q1 FY 16 Q1 started on weak note with Indian equities down 3.4% in April, however it recovered later to end the quarter flat (0.56%). Weak corporate earnings, tax department's notice to FIIs for past dues of MAT, worries of Greece's exit from euro zone and expectation of a weak monsoon by the Indian Metorological Department gloomed the market. However better than expected monsoon in June and status quo on interest rates by Fed helped the market recover. The Reserve Bank of India (RBI) in its bi-monthly monetary policy (held in June) cut the policy repo rate by 25bps to 7.25% but maintained a cautious stance as it saw a possibility of risk to inflation due to fears of abnormal monsoon, potential hike in crude prices and volatility in external environment. Amid volatility, 10 year Gsec yield settled 12 bps up to end Q1 at 7.86%. Crude was up 15% in Q1. Q2 FY 16 Chinese Yuan (CNY) devaluation, weak growth data out of China leading to fear of global slowdown and a sell-off in commodities, fear over Greece's future in the Eurozone and US Fed rate hike were some of the global factors that affected the markets in second quarter of FY 16. On domestic front muted corporate earnings, logjam in monsoon session of Parliament and below normal monsoon (deficit of 14%) further dampened the markets. However the silver lining during the quarter was Fed's decision to keep the rates unchanged and surprise RBI action of 50 bps rate cut. During the quarter the Indian government approved a composite cap on foreign investment in companies. Indian equities were down 5.9% and yield fell 32 bps for the quarter. Gold and crude fell 4.9% and 23.9% respectively during the quarter. Inflation both WPI and CPI came down by 210 bps and 100 bps respectively. INR depreciated 3% against USD during the quarter. FIIs sold USD 2.6 bn of indian equities in Q2 Q3 FY 16 Q3 started on positive note with Sensex up 2% in October, but the rally fizzled out with Sensex ending flat for the quarter. The fear of a higher fiscal deficit on the back of the announcement of the seventh pay commission recommendations, non eventful winter session of Parliament and results of Bihar assembly election weighed on the markets. On the reforms front, the government announced FDI reforms across 15 sectors and scheme for financial restructuring of power distribution companies. 10 year benchmark treasury yields increased 22 bps to end the quarter at 7.76%. Gold and crude fell another 4.8% and 22.9% respectively during the quarter. On the global front, while US Federal Reserve raised Fed funds rate by 25 bps, European Central Bank (ECB) announced a 10 bps deposit rate cut and extended its asset purchase program by six months. China also made policy announcements along with rate cut. Q4 FY 16 Start of the fourth quarter of FY 16 proved to be a trying one for equity markets world wide, with India being no exception. Sensex was down 11.9% by February. The sell off was driven mainly by global developments particularly uncertainty around growth in China and falling crude prices (brent crude was down 7% hitting the lows last seen in March 2003), IMF's weak outlook on global growth, concerns over increasing bad loans of Indian banks and disappointing 3QFY16 corporate results. However monetary policy announcements by the European Central Bank (ECB) and Bank of Japan (BoJ), signals from Fed of slower pace of interest rate hike, stabilisation of chinese currency and rally in commodities led by hopes of sustainability of growth in China fuelled by fiscal stimulus, lifted the investor sentiments with market rising 10% in March. On domestic front, the government announced constitution of the Bank Board Bureau which will recommend selection of heads of public sector banks and financial institutions, and develop strategies and capital raising plans for them. Union Budget reflected government's stance of fiscal consolidation (fiscal deficit target maintained at 3.9% for FY16 and 3.5% for FY17) with focus on revival of rural demand. The parliament made a notable progress in the budget session post the stalemate monsoon and winter sessions by passing key bills such as Real Estate Bill and Aadhaar bill. 04

FUND PERFORMANCE OF ULIP FUNDS AS ON 31st MARCH 2016 Funds available with insurance plans launched on & post Sept. 1, 2010. Returns As On 31st Mar 2016 Classic Opportunities Fund (AUM ` 1,71,207.24 Frontline Fund (AUM ` 39,905.60 Dynamic Floor Fund II (AUM ` 62,514.53 Balanced Fund (AUM ` 5,057.27 Guarantee Fund (AUM ` 3,837.25 Kotak Dynamic Kotak Dynamic Kotak Dynamic Money Market Bond Fund Gilt Fund Floating Rate Fund (AUM (AUM Fund (AUM ` 91,065.66 ` 4,253.15 (AUM ` 18,854.57 ` 2,248.06 Discontinued Policy Fund (AUM ` 16,036.72 11.1% 9.6% 6.0% 9.3% 7.0% 8.6% 7.3% 7.6% 7.8% 8.4% 10 years 9.5% 8.2% 7.9% 7 years 9.0% 8.2% 10.9% 9.8% 6.1% 9.0% 6.2% 9.0% 8.6% 10.6% 9.4% 5.8% 9.2% 5.9% 9.4% 8.9% 9.0% 8.7% 14.8% 14.0% 7.4% 12.1% 7.4% 9.5% 9.5% 9.4% 8.7% 17.1% 16.3% 6.8% 13.1% 6.8% 8.7% 8.7% 9.6% 8.1% 17.5% 15.6% 7.9% 13.9% 7.9% 11.5% 12.4% 8.7% 8.3% -5.5% -4.1% -1.6% 0.4% -1.7% 7.1% 6.8% 7.2% 7.5% -2.7% -2.7% 0.4% -0.2% 0.3% 3.1% 2.9% 3.1% 3.8% 3.5% -2.3% -2.4% 0.9% -0.2% 0.5% 3.1% 3.1% 1.9% 1.8% 1.8% 12.2% 11.0% 6.1% 7.2% 3.9% 3.1% 2.9% 1.0% 0.6% 0.6% Funds available with insurance plans launched Prior to Sept. 1, 2010. Returns As On 31st Mar 2016 Kotak Opportunities Fund (AUM ` 92,312.02 Kotak Aggressive Growth Fund (AUM ` 27,965.55 Kotak Dynamic Growth Fund (AUM ` 5,983.81 Kotak Dynamic Balanced Fund (AUM ` 1,778.03 Dynamic Floor Fund (AUM ` 95,534.62 1 16.1% 14.6% 9.1% 10 years 10.9% 9.3% 13.4% 9.6% 7 years 19.4% 16.9% 13.7% 12.8% 10.3% 9.3% 9.3% 5.8% 9.2% 9.9% 9.1% 9.1% 5.6% 9.4% 14.2% 13.6% 12.9% 7.0% 12.2% 16.5% 15.9% 14.5% 6.8% 13.3% 16.9% 14.8% 14.3% 8.1% 13.8% -6.4% -5.4% -2.2% -0.9% 0.3% -3.1% -3.5% -1.7% 1.2% -0.3% -2.5% -2.8% -1.5% 1.4% -0.2% 12.2% 11.4% 9.4% 5.9% 7.6% Returns As On 31st Mar 2016 Peak Guarantee Fund I (AUM ` 2,094.09 Kotak Guaranteed Growth Fund (AUM ` 1,04,914.31 Kotak Guaranteed Balanced Fund (AUM ` 8,868.86 Pension Classic Opportunities Fund (AUM ` 13,342.08 Kotak Pension Opportunities Fund (AUM ` 2,612.32 Pension Frontline Fund (AUM ` 2,786.85 Pension Guarantee Fund (AUM ` 10,548.77 6.2% 13.4% 12.2% 11.7% 10.6% 10.7% 6.0% 10 years 8.4% 7 years 10.8% 10.4% 5.7% 10.9% 10.2% 9.8% 6.2% 5.6% 8.7% 8.8% 10.7% 9.9% 9.5% 5.9% 7.0% 10.6% 10.3% 14.9% 14.0% 14.1% 7.4% 6.5% 11.2% 10.6% 17.3% 16.2% 16.4% 6.8% 7.5% 12.7% 12.5% 17.6% 16.7% 15.6% 7.9% -1.9% 0.4% 1.9% -6.0% -6.2% -4.3% -1.7% 0.2% -0.4% 0.3% -3.0% -3.1% -2.8% 0.3% 0.5% -0.1% 0.5% -2.5% -2.6% -2.5% 0.5% 3.8% 7.3% 6.6% 12.4% 12.0% 11.5% 4.0% 05

FUND PERFORMANCE OF ULIP FUNDS AS ON 31st MARCH 2016 Funds available with insurance plans launched Prior to Sept. 1, 2010. Returns As On 31st Mar 2016 Kotak Pension Growth Fund (AUM ` 1,691.82 Kotak Pension Floor Fund (AUM ` 4,828.15 Pension Floor Fund II (AUM ` 8,025.83 Kotak Pension Balanced Fund (AUM ` 21,286.48 Pension Balanced Fund II (AUM ` 347.71 Kotak Pension Bond Fund (AUM ` 7,258.90 Kotak Pension Gilt Fund (AUM ` 770.23 Kotak Pension Floating Rate Fund (AUM ` 323.71 Pension Money Market Fund II (AUM ` 1,076.22 10.9% 5.7% 6.0% 12.3% 9.1% 8.7% 7.5% 7.7% 7.8% 10 years 8.6% 9.5% 8.4% 7.9% 7 years 10.9% 10.4% 9.1% 8.1% 7.9% 5.4% 6.2% 9.0% 9.0% 8.6% 5.4% 5.9% 8.8% 9.2% 9.4% 8.9% 9.0% 8.6% 10.5% 7.3% 7.4% 10.3% 12.0% 9.4% 9.5% 9.3% 8.6% 11.1% 6.8% 6.8% 10.6% 13.2% 8.7% 8.7% 9.6% 8.4% 12.6% 8.2% 12.5% 13.7% 11.5% 12.3% 8.6% 8.3% 0.6% -0.8% -1.6% 1.9% 0.4% 7.2% 6.9% 7.2% -0.2% 1.3% 0.4% 0.4% -0.4% 3.2% 2.9% 3.1% 3.7% 0.0% 1.5% 1.0% 0.5% -0.2% 3.2% 3.1% 1.9% 1.8% 7.3% 6.0% 6.2% 6.5% 7.4% 3.1% 3.0% 1.0% 0.6% 06

FUND PERFORMANCE OF ULIP FUNDS AS ON 31st MARCH 2016 KOTAK GROUP PLANS Returns As On 31st Mar 2016 Kotak Group Dynamic Floor Fund (AUM ` 365.50 Kotak Group Bond Fund (AUM ` 87,212.59 Kotak Group Balanced Fund (AUM ` 31,726.42 Kotak Group Gilt Fund (AUM ` 2,774.06 Kotak Group Floating Rate Fund (AUM ` 1,699.31 Kotak Group Money Market Fund (AUM ` 20.27 Kotak Group Secure Capital (AUM ` 8,396.02 14.5% 13.5% 9.2% 7.6% 8.1% 8.4% 9.7% 10 years 9.9% 10.1% 8.4% 7 years 12.9% 10.0% 8.4% 6.3% 9.6% 9.7% 8.8% 8.9% 6.3% 9.7% 10.0% 9.1% 9.5% 7.7% 12.5% 9.9% 9.7% 9.8% 9.7% 7.3% 13.7% 9.2% 8.9% 10.0% 9.0% 14.3% 12.0% 12.6% 9.1% 11.7% -0.6% 0.6% 7.6% 7.0% 7.7% 7.3% 7.3% 1.2% -0.3% 3.3% 2.9% 3.3% 3.6% 3.1% 1.3% -0.3% 3.2% 3.0% 2.0% 1.4% 2.9% 5.3% 7.6% 3.1% 2.9% 1.0% 0.4% 3.0% KOTAK FIXED MATURITY PLANS Returns As On 31st Mar 2016 Kotak Group 57M FMP (AUM ` 2,766.91 Kotak Group Short Term Bond Fund (AUM ` 1,033.59 9.2% 3.1% 10 years 7 years 9.3% 9.0% 9.2% 8.8% 4.2% 2.1% 2.1% 0.7% 1.2% KOTAK PRIVILEDEGE ASSURANCE PLANS Returns As On 31st Mar 2016 Kotak Advantage Plus Fund II (AUM ` 22.72 Kotak Advantage Multiplier Fund II (AUM ` 152.88 5.5% 10 years 5.4% 7 years 6.4% 6.4% 4.7% 4.5% 4.9% 4.4% 5.4% 5.6% 5.1% 5.2% 5.4% 5.8% 4.7% 4.8% 2.1% 2.1% 1.1% 1.1% 0.5% 0.4% Returns less than or equal to a year are absolute. Returns greater than a year are compounded annualised. 07

PRODUCT - FUND MATRIX* Funds Kotak Wealth Insurance Kotak Ace Investment Kotak Single Invest Advantage Kotak Headstart Child Assure Kotak Platinum Classic Opportunities Fund Frontline Fund Balanced Fund r Dynamic Bond Fund Dynamic Floating Rate Fund r r Money Market Fund Dynamic Gilt Fund r Discontinued Policy Fund *currently active plans 08 Kotak Invest Maxima

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 PLUS FUND II KOTAK ADVANTAGE MULTIPLIER FUND II DISCONTINUED POLICY FUND 09

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 AUM (in ` Portfolio 1,71,207.24 EQUITY 95.01% Infosys Ltd 8.17% HDFC Bank Ltd 6.36% IndusInd Bank Limited 3.76% NCD, Floaters, ZCB, 4.97% 0.02% 75-100% Kotak Banking ETF - Dividend Payout Option 3.51% Long Term Deposits Non 0-25% ICICI Bank Ltd 3.19% Maruti Suzuki India Ltd 3.02% Tata Motors Ltd 2.91% Axis Bank Ltd 2.86% - 100% (BSE 200) Date of 16th December 2009 Classic Benchmark Opportunities Fund ITC Ltd 2.85% Larsen And Toubro Ltd 2.82% YES BANK LTD 2.68% Britannia Industries Ltd 2.64% Reliance Industries Ltd 2.56% Sun Pharmaceuticals Ltd 2.53% 95.01% 0.55% 0.18% UltraTech Cement Ltd 2.42% Hindustan Petroleum Corporation Ltd 2.27% HCL Technologies Ltd 2.04% Fixed Deposit Shree Cement Ltd 1.83% Tata Consultancy Services Ltd 1.74% 99.27% 11.1% 7.1% Bharat Petroleum Corporation Ltd 1.62% 10.9% 6.7% (Details in the Annexure) 33.22% 10.6% 6.5% 14.8% 10.9% 17.1% 12.5% 17.5% 10.3% -5.5% -7.9% Axis Bank CD - 28.04.2016 0.76% -2.7% -2.8% ICICI Bank CD - 31.05.16 0.56% Corporation Bank CD - 02.05.2016 0.53% Auto & Auto Ancillary SBBJ CD - 14.09.2016 0.52% 8.32% IDBI Bank CD - 05.04.16 0.47% FMCG 8.28% Canara Bank CD - 07.03.2017 0.27% State Bank of Patiala CD - 28.12.2016 0.18% Oil & Gas 7.94% Axis Bank CD - 27.10.2016 0.02% 8.00% HDFC Bank FD NSE - 08.08.2016 8.00% HDFC Bank FD NSE - 24.07.2016 Investments 0.01% 8.00% HDFC Bank FD BSE - 24.07.2016 0.00% 1.66% 0.00% -2.3% -3.5% 12.2% 10.6% 4.99% Allocation by Sector - Banking & Finance 25.60% Information Tech 11.95% 11.24% Pharma 6.46% 0.01% Cement & Cement Products 6.11% 0.01% Capital Goods & Engineering 5.54% Fertilisers 2.09% Media 1.49% 10

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 AUM (in ` Portfolio 39,905.60 EQUITY 93.42% Infosys Ltd 8.56% HDFC Bank Ltd 6.57% ITC Ltd 6.31% 6.57% 0.01% 60-100% IndusInd Bank Limited 3.78% Non 0-40% Tata Motors Ltd 3.66% NCD, Floaters, ZCB, ICICI Bank Ltd 3.29% Long Term Deposits Sun Pharmaceuticals Ltd 3.20% R Shares Banking ETF 3.19% - 100% Axis Bank Ltd 3.11% (BSE 100) Kotak Banking ETF - Dividend Payout Option 2.77% Britannia Industries Ltd 2.62% Date of 17th December 2009 Frontline Benchmark Fund 9.6% 6.6% 9.8% 6.3% 9.4% 6.0% 14.0% 10.2% 16.3% 11.3% 15.6% 8.1% -4.1% -9.0% UltraTech Cement Ltd 2.60% Tata Consultancy Services Ltd 2.57% Larsen And Toubro Ltd 2.51% 93.42% 0.26% 0.23% YES BANK LTD 2.36% HCL Technologies Ltd 2.28% Hindustan Petroleum Corporation Ltd 2.21% Fixed Deposit Maruti Suzuki India Ltd 2.01% Hero Honda Motors Ltd 1.90% Shree Cement Ltd 1.72% (Details in the Annexure) 26.18% 99.51% Allocation by Sector - 6.58% -2.7% -3.0% -2.4% -3.2% SBBJ CD - 14.09.2016 0.74% Information Tech 11.0% 10.7% Corporation Bank CD - 02.05.2016 0.72% Auto & Auto Ancillary Axis Bank CD - 28.04.2016 0.71% FMCG ICICI Bank CD - 31.05.16 0.69% State Bank of Patiala CD - 28.12.2016 0.52% Investments 0.01% 1.96% Banking & Finance IDBI Bank CD - 05.04.16 26.53% 13.41% 11.72% 10.90% Cement & Cement Products 6.67% 6.38% Pharma 6.22% 5.53% 8.00% HDFC Bank FD NSE - 24.07.2016 0.01% 8.00% HDFC Bank FD NSE - 08.08.2016 0.01% Oil & Gas 8.00% HDFC Bank FD BSE - 24.07.2016 0.00% Capital Goods & Engineering 1.21% Media 1.56% 0.00% Automotive 1.02% 3.48% 11

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. AUM (in ` Portfolio 62,514.53 EQUITY 37.01% Infosys Ltd 3.47% HDFC Bank Ltd 2.57% 8.86% 37.01% 16.04% ITC Ltd 2.52% 0-75% IndusInd Bank Limited 1.47% NCD, Floaters, ZCB, Non 25-100% Tata Motors Ltd 1.39% Long Term Deposits R Shares Banking ETF 1.35% Sun Pharmaceuticals Ltd 1.35% ICICI Bank Ltd 1.33% - 37.5% (Nifty); Axis Bank Ltd 1.26% Debt - 62.5% (Crisil Bond) Kotak Banking ETF - Dividend Payout Option 1.20% Britannia Industries Ltd 1.13% UltraTech Cement Ltd 1.06% Tata Consultancy Services Ltd 1.05% Date of th 17 December 2009 Dynamic Floor Benchmark Fund II 6.0% 6.1% 7.9% 5.8% 7.4% 9.7% 6.8% 10.0% 7.9% 10.2% -1.6% 1.8% 38.09% 0.08% 7.39% 0.07% Govt & Govt HCL Technologies Ltd 0.92% Hindustan Petroleum Corporation Ltd 0.90% Guaranteed Bonds YES BANK LTD 0.87% AAA Maruti Suzuki India Ltd 0.84% Larsen And Toubro Ltd 0.80% Hero Honda Motors Ltd 0.75% Shree Cement Ltd 0.68% (Details in the Annexure) 1 62.99% AA+ 18.90% Fixed Deposit 62.58% Allocation by Sector - Banking & Finance 10.62% 0.4% 1.4% 8.17% GOI - 01.12.2044 0.9% 0.6% 8.13% GOI - 22.06.2045 10.40% 6.1% 5.1% 8.24% GOI - 10.11.2033 3.61% Auto & Auto Ancillary 4.50% 8.30% GOI - 31.12.2042 3.50% FMCG 4.42% 7.02% GOI - 17.08.2016 2.51% Cement & Cement Products 2.67% ICICI Bank CD - 22.04.16 1.58% Pharma 2.45% 1.44% INFLATION INDEX GS 2023 1.09% 8.92% L&T Finance Ltd. - 06.07.2018 0.93% 2.39% 13.81% 10.98% Information Tech 9.78% Tata Sons - 13.01.2019 0.83% Oil & Gas Axis Bank CD - 28.04.2016 0.79% Capital Goods & Engineering HDFC Ltd CP - 17.05.16 0.79% 8.90% SAIL - 01.05.2019 CALL 01.05.2014 0.75% IDBI Bank CD - 04.04.16 0.72% 8.30% REC - 10.04.2025 0.62% 7.59% GOI 2016-12.04.16 0.62% EXIM CP - 16.05.16 0.62% LIC Housing Finance Ltd INBMK+120BPS 29.07.16 0.59% PFC CP - 26.05.2016 0.58% HDFC Ltd CP - 10.06.16 0.57% 9.98% ICICI Perpetual Bond -CALL 13.09.16. 0.55% 2.13% 15.40% 5.44% 2.06% 1.39% Media 0.63% Infrastructure 0.45% 21.52% 8.72% 8.06% 61.70% 12

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. AUM (in ` Portfolio 5,057.27 EQUITY 51.30% Infosys Ltd 4.70% HDFC Bank Ltd 3.93% 10.11% Non 30-60% 40-70% 3.62% IndusInd Bank Limited 2.29% ICICI Bank Ltd 1.86% Tata Motors Ltd 1.84% Sun Pharmaceuticals Ltd 1.81% Axis Bank Ltd 1.80% Kotak Banking ETF - Dividend Payout Option 1.61% Debt - 40% (Crisil Bond) R Shares Banking ETF 1.57% Tata Consultancy Services Ltd 1.50% UltraTech Cement Ltd 1.46% Britannia Industries Ltd 1.46% st 21 December 2009 Balanced Fund Benchmark 9.3% 7.6% 9.0% 7.4% 9.2% 7.4% 12.1% 10.0% 13.1% 10.7% 13.9% 9.7% 0.4% -2.1% Larsen And Toubro Ltd 1.30% HCL Technologies Ltd 1.29% Hindustan Petroleum Corporation Ltd 1.19% Maruti Suzuki India Ltd 1.12% YES BANK LTD 1.09% Hero Honda Motors Ltd 1.05% Shree Cement Ltd 0.98% (Details in the Annexure) 13.85% 48.70% -0.2% -0.2% 8.17% GOI - 01.12.2044-0.2% -0.9% 8.13% GOI - 22.06.2045 6.16% 7.2% 7.1% Investments 4.64% 8.30% GOI - 31.12.2042 ITC Ltd - 60% (BSE 100); Date of 14.24% 8.45% NCD, Floaters, ZCB, 24.35% Long Term Deposits 51.30% 6.16% 0.002% 10.38% Govt & Govt Guaranteed Bonds 12.59% AAA 16.45% AA+ 54.42% Fixed Deposit Allocation by Sector - Banking & Finance 14.94% Information Tech 7.48% Auto & Auto Ancillary 6.26% 2.14% FMCG 6.01% 8.24% GOI - 10.11.2033 2.10% Cement & Cement Products 3.69% Axis Bank CD - 04.04.2016 1.98% Pharma 3.35% 7.02% GOI - 17.08.2016 1.50% ICICI Bank CD - 22.04.16 0.94% 3.30% 7.28% GOI - 03.06.2019 0.69% Oil & Gas 2.89% 8.55% Sundaram Finance - 27.10.17 0.59% Capital Goods & Engineering HDFC Ltd CP - 17.05.16 0.59% 8.19% GOI - 16.01.2020 0.50% 8.92% L&T Finance Ltd. - 06.07.2018 0.50% Axis Bank CD - 28.04.2016 0.49% 7.16% GOI - 20.05.2023 0.48% IDBI Bank CD - 04.04.16 0.45% 6.01% GOI - 25.03.2028 0.45% 9.75% REC - 11.11.2021. 0.42% 9.78% Tata Sons - 13.01.2019 0.41% 8.90% SAIL - 01.05.2019 CALL 01.05.2014 0.40% 3.96% 10.85% 1.97% Media 0.89% Automotive 0.51% 29.90% 8.05% 9.32% 52.73% 13

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. AUM (in ` Portfolio 92,312.02 EQUITY 97.68% Infosys Ltd 8.41% HDFC Bank Ltd 6.50% IndusInd Bank Limited 3.87% Kotak Banking ETF - Dividend Payout Option 3.59% ICICI Bank Ltd 3.25% Maruti Suzuki India Ltd 3.07% Axis Bank Ltd 2.97% Tata Motors Ltd 2.97% Non 75-100% 0-25% - 100% ITC Ltd 2.91% (BSE 200) Larsen And Toubro Ltd 2.90% Britannia Industries Ltd 2.80% YES BANK LTD 2.72% Reliance Industries Ltd 2.61% Date of nd 02 October 2008 Opportunities Benchmark Fund 1 9.9% 7 years 19.4% 15.0% 10.3% 6.7% 9.9% 6.5% 14.2% 10.9% 16.5% 12.5% 16.9% 10.3% Sun Pharmaceuticals Ltd 2.58% UltraTech Cement Ltd 2.48% Hindustan Petroleum Corporation Ltd 2.34% HCL Technologies Ltd 2.11% Shree Cement Ltd 1.87% Tata Consultancy Services Ltd 1.78% Bharat Petroleum Corporation Ltd 1.67% (Details in the Annexure) 34.27% 2.32% 2.19% 0.13% NCD, Floaters, ZCB, Long Term Deposits 97.68% 6.39% Fixed Deposit 93.61% Allocation by Sector - Banking & Finance 26.34% -6.4% -7.9% Axis Bank CD - 28.04.2016-3.1% -2.8% Corporation Bank CD - 02.05.2016 0.55% -2.5% -3.5% SBBJ CD - 14.09.2016 0.54% Auto & Auto Ancillary 12.2% 10.6% ICICI Bank CD - 31.05.16 0.14% 8.58% 8.00% HDFC Bank FD NSE - 08.08.2016 0.05% FMCG 8.57% 8.00% HDFC Bank FD NSE - 24.07.2016 0.05% 8.00% HDFC Bank FD BSE - 24.07.2016 0.02% Oil & Gas 8.16% 0.24% Pharma 6.62% 0.00% Cement & Cement Products 6.25% Capital Goods & Engineering 5.69% 0.72% Information Tech 12.31% 11.49% Fertilisers 2.14% Media 1.55% 14

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. AUM (in ` Portfolio 27,965.55 EQUITY 95.78% Infosys Ltd 8.82% ITC Ltd 6.83% 3.86% 0.36% HDFC Bank Ltd 6.70% 60-100% R Shares Banking ETF 4.28% Non 0-40% IndusInd Bank Limited 3.91% Tata Motors Ltd 3.75% Sun Pharmaceuticals Ltd 3.36% Britannia Industries Ltd 3.35% ICICI Bank Ltd 3.32% - 100% (BSE 100) Date of th 13 September 2004 Aggressive Benchmark Growth Fund 16.1% 12.9% 10 years 10.9% 7 years 16.9% 13.6% 9.3% 6.3% 9.1% 6.0% 13.6% 10.2% 15.9% 11.3% Axis Bank Ltd 3.27% UltraTech Cement Ltd 3.25% Larsen And Toubro Ltd 3.06% YES BANK LTD 2.89% Kotak Banking ETF - Dividend Payout Option 2.67% Hindustan Petroleum Corporation Ltd 2.64% Tata Consultancy Services Ltd 2.62% HCL Technologies Ltd 2.53% Maruti Suzuki India Ltd 2.46% Bharat Petroleum Corporation Ltd 2.03% Hero Honda Motors Ltd 1.94% (Details in the Annexure) 22.10% 4.22% 2.25% NCD, Floaters, ZCB, Long Term Deposits 95.78% 8.32% 0.41% Fixed Deposit 91.27% Allocation by Sector - Banking & Finance 14.8% 8.1% IDBI Bank CD - 05.04.16-5.4% -9.0% Axis Bank CD - 28.04.2016 0.72% -3.5% -3.0% Corporation Bank CD - 02.05.2016 0.55% Auto & Auto Ancillary 28.72% Information Tech 13.97% 11.86% -2.8% -3.2% ICICI Bank CD - 31.05.16 0.46% FMCG 11.4% 10.7% 8.00% HDFC Bank FD NSE - 24.07.2016 0.15% Cement & Cement Products 7.17% 8.00% HDFC Bank FD NSE - 08.08.2016 0.15% 8.00% HDFC Bank FD BSE - 24.07.2016 0.07% Pharma 6.56% Investments 0.02% Oil & Gas -0.14% Capital Goods & Engineering 4.51% 0.00% 3.80% 10.73% 5.51% Media 1.80% Infrastructure 1.16% 15

GUARANTEE FUND (ULIF-048-05/02/10-GRTFND-107) Aims to provide stable, long-term inflation beating growth over medium to long-term and defend capital against short-term capital shocks AUM (in ` Portfolio 3,837.25 EQUITY 36.29% Infosys Ltd 3.21% ITC Ltd 2.51% 36.29% 13.72% 22.46% Reliance Industries Ltd 2.36% 0-75% HDFC Bank Ltd 2.32% Non 25-100% Housing Development Finance Corp. Ltd 1.92% Tata Consultancy Services Ltd 1.77% NCD, Floaters, ZCB, ICICI Bank Ltd 1.51% Larsen And Toubro Ltd 1.43% - 37.5% (Nifty); Sun Pharmaceuticals Ltd 1.28% Debt - 62.5% (Crisil Bond) Tata Motors Ltd 1.04% Hindustan Unilever Ltd 0.97% Axis Bank Ltd 0.81% Mahindra & Mahindra Ltd 0.81% Bharti Airtel Ltd 0.73% Maruti Suzuki India Ltd 0.71% State Bank of India 0.66% Oil & Natural Gas Corporation Ltd 0.61% Asian Paints Ltd 0.61% HCL Technologies Ltd 0.61% Hero Honda Motors Ltd 0.60% (Details in the Annexure) 9.82% Date of 05th February 2010 Guarantee Fund Benchmark 7.0% 6.2% 7.9% 5.9% 7.4% 9.7% 6.8% 10.0% 7.9% 10.2% -1.7% 1.8% 63.71% 3.33% 0.12% 7.60% Govt & Govt 14.25% Guaranteed Bonds AAA AA+ 44.05% Fixed Deposit 30.66% Allocation by Sector - Banking & Finance 8.28% 0.3% 1.4% 8.17% GOI - 01.12.2044 0.5% 0.6% 8.13% GOI - 22.06.2045 6.94% 3.9% 5.1% ICICI Bank CD - 31.05.16 5.35% Corporation Bank CD - 02.05.2016 3.57% Oil & Gas 3.72% HDFC Bank CD - 29.12.2016 3.55% FMCG 3.48% 8.24% GOI - 10.11.2033 2.42% 8.30% GOI - 31.12.2042 2.31% Investments 2.08% 9.08% Long Term Deposits 27.52% Information Tech 6.46% Auto & Auto Ancillary 4.03% Pharma 2.71% 2.44% TATA Capital Ltd CP - 19.08.16 1.90% Capital Goods & Engineering 1.62% 7.02% GOI - 17.08.2016 1.67% Cement & Cement Products 1.45% 8.92% L&T Finance Ltd. - 06.07.2018 1.31% State Bank of Patiala CD - 28.12.2016 1.26% 8.31% GJ SDL - 03.02.2020 0.92% 1.44% INFLATION INDEX GS 2023 0.81% 9.78% Tata Sons - 13.01.2019 0.81% 8.90% SAIL - 01.05.2019 CALL 01.05.2014 0.80% LIC Housing Finance Ltd INBMK+120BPS 29.07.16 0.78% 8.55% Sundaram Finance - 27.10.17 0.78% EXIM CD - 16.12.2016 0.77% ICICI Bank CD - 06.01.17 0.74% 1.22% 14.63% Utilities 1.17% Telecom 0.94% 42.94% 9.35% 7.71% 39.99% 16

MONEY MARKET FUND (ULIF-041-05/01/10-MNMKKFND-107) Aims to protect your capital and not have downside risks AUM (in ` 18,854.57 IDBI Bank CD - 04.04.16 8.61% STEEL AUTHORITY OF INDIA LTD CP - 07.12.16 8.03% - Corporation Bank CD - 14.12.2016 7.86% Non 100% ICICI Bank CD - 06.01.17 7.73% L&T Finance CP - 28.06.2016 7.72% EXIM CD - 16.12.2016 7.72% - 0% (NA); Debt - 100% (Crisil Liquid) Date of 05th January 2010 IL & FS CP 18.08.16 7.58% TATA Capital Ltd CP - 19.08.16 7.58% HDFC Ltd CP - 10.06.16 7.57% Axis Bank CD - 27.10.2016 7.43% State Bank of Patiala CD - 28.12.2016 7.13% SBBJ CD - 14.09.2016 3.70% HDFC Bank CD - 29.12.2016 3.64% 0.11% Oriental Bank of Commerce CD - 04.04.2016 2.65% Money Benchmark Market Fund 7.8% 8.1% 8.2% 8.7% 8.6% 8.7% 8.7% 8.8% 8.3% 8.1% 3.8% 3.8% 1.8% 2.0% 0.6% 0.8% Investments 0.11% Canara Bank CD - 07.03.2017 0.06% 4.90% 0.00% 99.89% 17

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. AUM (in ` Portfolio 5,983.81 EQUITY 74.32% Infosys Ltd 6.84% HDFC Bank Ltd 5.19% ITC Ltd 5.00% 6.78% 3.58% 15.31% 40-80% IndusInd Bank Limited 3.00% Non 20-60% NCD, Floaters, ZCB, Tata Motors Ltd 2.73% Long Term Deposits R Shares Banking ETF 2.68% ICICI Bank Ltd 2.63% Sun Pharmaceuticals Ltd 2.55% - 80% (BSE 100); Axis Bank Ltd 2.52% Debt - 20% (Crisil Bond) Kotak Banking ETF - Dividend Payout Option 2.35% Britannia Industries Ltd 2.23% Date of th 27 June 2003 Kotak Dynamic Benchmark Growth Fund 14.6% 13.2% 10 years 9.3% 8.6% 7 years 13.7% 12.3% 9.3% 6.9% 9.1% 6.8% 12.9% 10.2% 14.5% 11.1% UltraTech Cement Ltd 2.10% Tata Consultancy Services Ltd 2.05% YES BANK LTD 1.99% HCL Technologies Ltd 1.82% Hindustan Petroleum Corporation Ltd 1.76% Maruti Suzuki India Ltd 1.66% Larsen And Toubro Ltd 1.59% Hero Honda Motors Ltd 1.48% Shree Cement Ltd 1.36% (Details in the Annexure) 20.78% 25.68% 3.78% 74.32% 2.02% 1.26% 9.06% Govt & Govt Guaranteed Bonds AAA 26.03% Fixed Deposit 61.64% Allocation by Sector - Banking & Finance 21.64% 14.3% 8.9% 8.13% GOI - 22.06.2045-2.2% -5.5% 8.17% GOI - 01.12.2044 3.43% -1.7% -1.6% 8.30% GOI - 31.12.2042 2.17% Auto & Auto Ancillary 9.04% -1.5% -2.0% 11.15% REC - 24.10.2018 1.79% FMCG 8.72% 9.4% 8.9% Axis Bank CD - 04.04.2016 1.67% 8.30% GOI - 02.07.2040 1.30% 8.24% GOI - 10.11.2033 1.29% 7.16% GOI - 20.05.2023 9.36% IDFC Bank - 21.08.24 8.84% PGC - 21.10.2019 0.86% 8.42% TN SDL - 25.08.2020 0.68% Information Tech 10.72% Cement & Cement Products 5.32% 5.20% 0.90% Pharma 4.78% 0.89% Oil & Gas Capital Goods & Engineering 0.53% 9.70% PFC - 15.12.2018 0.52% 8.65% PFC - 28.12.2024 0.51% Investments 0.50% 2.74% Media 1.26% Infrastructure 0.92% 9.85% HDFC Bank 2019-17.03.2024 CALL 17.03.2019 4.00% LIC Housing Finance Ltd INBMK+120BPS 29.07.16 0.50% 7.95% MAH SDL - 03.07.2023 0.41% 9.02% REC - 19.11.2022 0.35% 8.20% OMC GOI 2023-10.11.23 0.32% 7.02% GOI - 17.08.2016 0.27% 0.83% 2.17% 15.43% 11.43% 11.95% 61.19% 18

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. AUM (in ` Portfolio 95,534.62 EQUITY 36.03% Infosys Ltd 3.46% HDFC Bank Ltd 2.65% 11.15% 37.37% 15.44% ITC Ltd 2.53% 0-75% Tata Motors Ltd 1.38% Non 25-100% NCD, Floaters, ZCB, ICICI Bank Ltd 1.33% Long Term Deposits IndusInd Bank Limited 1.31% Axis Bank Ltd 1.28% Sun Pharmaceuticals Ltd 1.25% - 37.5% (Nifty); Kotak Banking ETF - Dividend Payout Option 1.19% Debt - 62.5% (Crisil Bond) R Shares Banking ETF 1.11% Tata Consultancy Services Ltd 1.10% Date of 14th November 2006 Dynamic Floor Benchmark Fund 9.1% 8.3% 7 years 10.7% 5.8% 7.9% 5.6% 7.0% 9.7% 6.8% 10.0% 8.1% 10.2% UltraTech Cement Ltd 1.06% Britannia Industries Ltd 1.03% Hindustan Petroleum Corporation Ltd 0.99% Larsen And Toubro Ltd 0.98% HCL Technologies Ltd 0.92% YES BANK LTD 0.90% Maruti Suzuki India Ltd 0.83% AA+ Hero Honda Motors Ltd 0.75% Mahindra & Mahindra Ltd 0.68% (Details in the Annexure) 9.31% 63.97% -0.9% 1.8% 8.17% GOI - 01.12.2044 1.2% 1.4% 8.13% GOI - 22.06.2045 10.28% 1.4% 0.6% 8.30% GOI - 31.12.2042 3.48% 5.9% 5.1% 8.24% GOI - 10.11.2033 36.03% 13.77% 0.27% 6.87% 0.11% Govt & Govt 15.21% Guaranteed Bonds AAA 17.75% 59.79% Fixed Deposit Allocation by Sector - Banking & Finance 9.95% Information Tech 5.48% Auto & Auto Ancillary 4.46% 3.46% FMCG 4.13% 7.02% GOI - 17.08.2016 2.11% Cement & Cement Products 2.62% TATA Capital Ltd CP - 19.08.16 1.75% Oil & Gas 2.31% ICICI Bank CD - 22.04.16 1.57% 1.44% INFLATION INDEX GS 2023 1.10% 2.27% HDFC Bank CD - 29.12.2016 1.06% Pharma 2.25% 8.92% L&T Finance Ltd. - 06.07.2018 0.90% Capital Goods & Engineering HDFC Ltd CP - 17.05.16 0.80% 9.78% Tata Sons - 13.01.2019 0.79% Axis Bank CD - 28.04.2016 0.79% 8.90% SAIL - 01.05.2019 CALL 01.05.2014 0.78% IDBI Bank CD - 04.04.16 0.72% EXIM CD - 16.12.2016 0.71% ICICI Bank CD - 06.01.17 0.63% 8.30% REC - 10.04.2025 0.59% PFC CP - 26.05.2016 0.55% 7.54% 24.10.2016 0.49% 8.54% 1.48% 16.20% 1.56% Media 0.56% Infrastructure 0.43% 24.47% 10.75% Shriram Transport Finance Co Ltd 59.45% 19

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. AUM (in ` Portfolio 1,778.03 EQUITY 54.89% Infosys Ltd 5.07% HDFC Bank Ltd 3.83% 7.95% 54.89% 11.77% ITC Ltd 3.70% 30-60% IndusInd Bank Limited 2.23% NCD, Floaters, ZCB, Non 40-70% Tata Motors Ltd 2.02% Long Term Deposits R Shares Banking ETF 2.00% ICICI Bank Ltd 1.94% Sun Pharmaceuticals Ltd 1.86% - 60% (BSE 100); Axis Bank Ltd 1.80% Debt - 40% (Crisil Bond) Kotak Banking ETF - Dividend Payout Option 1.72% YES BANK LTD 1.55% UltraTech Cement Ltd 1.55% Britannia Industries Ltd 1.54% Date of th 27 June 2003 Dynamic Balanced Benchmark Fund 13.4% 11.7% 10 years 9.6% 7 years 12.8% 11.3% 9.2% 7.4% 9.4% 7.4% 12.2% 10.0% 13.3% 10.7% Tata Consultancy Services Ltd 1.53% HCL Technologies Ltd 1.35% Hindustan Petroleum Corporation Ltd 1.30% Maruti Suzuki India Ltd 1.23% Larsen And Toubro Ltd 1.18% Hero Honda Motors Ltd 1.10% Shree Cement Ltd 1.00% (Details in the Annexure) 15.40% 45.11% 5.75%0.51% 7.02% Govt & Govt Guaranteed Bonds 8.60% AAA 20.46% AA+ Fixed Deposit 57.66% Allocation by Sector - Banking & Finance 16.03% 13.8% 9.7% 8.17% GOI - 01.12.2044 0.3% -2.1% 8.13% GOI - 22.06.2045 6.79% -0.3% -0.2% Investments 3.09% Auto & Auto Ancillary 6.68% -0.2% -0.9% 8.24% GOI - 10.11.2033 2.37% FMCG 6.32% 7.6% 7.1% 8.30% GOI - 31.12.2042 2.30% 7.02% GOI - 17.08.2016 1.65% ICICI Bank CD - 22.04.16 8.85% PGC - 19.10.2026 1.44% INFLATION INDEX GS 2023 0.72% 9.75% REC - 11.11.2021. 0.60% 9.36% IDFC Bank - 21.08.24 0.60% 9.10% 25.39% Information Tech Cement & Cement Products 3.92% 1.01% 3.83% 0.73% Pharma 3.60% Oil & Gas 2.97% Capital Goods & Engineering 9.39% LIC Housing Finance - 23.08.2024 - P 26.08.15 7.94% 2.01% Media 0.93% Infrastructure 0.67% 0.59% 9.85% HDFC Bank 2019-17.03.2024 CALL 17.03.2019 0.59% 9.24% HDFC - 24.06.2024 0.59% 9.45% HDFC - 21.08.2019 P - 21.09.15 0.59% 9.78% Tata Sons - 13.01.2019 0.59% 10.10% HDFC - 13.09.2017 0.58% 8.90% SAIL - 01.05.2019 CALL 01.05.2014 0.57% 9.85% Shriram Transport Finance Co Ltd 15.07.2017 0.57% 10.05% Bajaj Finance Ltd - 10.01.2017 0.57% 1.07% 9.85% 23.97% 6.95% 6.99% 62.09% 20

KOTAK 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. AUM (in ` 91,065.66 - Non 100% - 0% (NA); Debt - 100% (Crisil Bond) Date of th 15 April 2004 Dynamic Bond Fund Benchmark 8.6% 6.4% 10 years 9.5% 7.4% 7 years 9.0% 7.8% 9.0% 8.1% 9.4% 8.8% 9.5% 9.0% 8.7% 9.0% 11.5% 11.4% 7.1% 8.2% 3.1% 3.7% 3.1% 2.5% 3.1% 1.8% 12.83% 8.17% GOI - 01.12.2044 22.42% 8.13% GOI - 22.06.2045 16.76% 8.24% GOI - 10.11.2033 5.71% 8.30% GOI - 31.12.2042 5.62% 7.02% GOI - 17.08.2016 3.96% ICICI Bank CD - 22.04.16 2.54% 1.44% INFLATION INDEX GS 2023 1.65% 8.55% Sundaram Finance - 27.10.17 1.63% HDFC Ltd CP - 17.05.16 1.29% Axis Bank CD - 28.04.2016 1.28% 8.30% REC - 10.04.2025 1.23% IDBI Bank CD - 04.04.16 1.17% EXIM CP - 16.05.16 0.99% PFC CP - 26.05.2016 0.97% 7.59% GOI 2016-12.04.16 0.94% AAA 8.92% L&T Finance Ltd. - 06.07.2018 0.89% 9.24% HDFC - 24.06.2024 0.87% NCD, Floaters, ZCB, Long Term Deposits 26.22% 60.95% 15.07.2017 0.84% 10.05% Bajaj Finance Ltd - 10.01.2017 0.81% 0.24% 6.84% 0.06% Govt & Govt 9.20% Guaranteed Bonds AA+ 20.23% 9.85% Shriram Transport Finance Co Ltd Fixed Deposit 63.45% LIC Housing Finance Ltd INBMK+120BPS 29.07.16 0.80% 3.94% 23.70% 19.11% 8.11% 7.33% 65.45% 21

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. AUM (in ` 4,253.15 - Non 100% - 0% (NA); Debt - 100% (IBEX) Date of th 27 June 2003 Dynamic Gilt Fund Benchmark 7.3% 7.4% 10 years 8.2% 8.4% 7 years 8.2% 8.1% 8.6% 8.7% 8.9% 9.2% 9.5% 9.8% 8.7% 9.2% 12.4% 11.9% 6.8% 8.2% 2.9% 3.9% 3.1% 2.8% 2.9% 2.2% 8.17% GOI - 01.12.2044 21.37% 8.13% GOI - 22.06.2045 17.75% 8.30% GOI - 31.12.2042 6.89% Axis Bank CD - 04.04.2016 5.87% 8.24% GOI - 10.11.2033 5.57% 7.02% GOI - 17.08.2016 3.88% 8.99% MP SDL - 07.03.2022 3.75% Investments 2.58% 8.63% MH SDL - 09.01.2023 2.58% 9.39% GJ SDL - 20.11.2023 2.49% ICICI Bank CD - 22.04.16 2.43% 9.11% MP SDL - 28.05.2024 2.33% 8.25% MH SDL - 13.05.2025 2.09% 8.98% PN SDL - 14.10.2021 1.94% 8.91% MAH SDL - 05.09.2022 1.92% 8.52% GJ SDL - 19.01.2021 1.88% 8.92% KA SDL - 07.03.2022 1.30% 1.44% INFLATION INDEX GS 2023 1.25% Axis Bank CD - 28.04.2016 1.24% IDBI Bank CD - 04.04.16 1.10% 2.95% 6.82% 17.11% 82.89% 11.93% 2.66% Govt & Govt Guaranteed Bonds 85.41% 19.55% 15.08% 65.37% 22

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. AUM (in ` 2,248.06 GOI FRB - 21.12.2020 12.29% 37.50% 29.66% L&T Finance Ltd NSE Mibor +1.55% 28.10.2016 7.62% NCD, Floaters, ZCB, 7.55% Long Term Deposits - IL & FS CP 18.08.16 Non 100% EXIM Floater INCMTBMK + 100 bps - 09.08.2016 7.16% 8.19% GOI - 16.01.2020 6.57% 32.84% LIC Housing Finance Ltd INBMK+120BPS - - 0% (NA); 29.07.16 5.78% Debt - 100% (Crisil Liquid) State Bank of Patiala CD - 28.12.2016 5.26% Corporation Bank CD - 14.12.2016 5.07% 8.27% GOI - 09.06.2020 5.04% 5.59% GOI - 04.06.2016 4.46% Investments 4.45% 6.05% GOI - 12.06.2019 4.23% 7.02% GOI - 17.08.2016 3.67% TATA Capital Ltd CP - 19.08.16 3.02% AAA 8.13% OMC GOI Special Bond - 16.10.21 2.84% AA+ 2.56% Date of th 07 December 2004 Dynamic Floating Benchmark Rate Fund 7.6% 7.2% Axis Bank CD - 27.10.2016 10 years 7.9% 7.6% 9.37% MAH SDL - 04.12.2023 2.44% 7 years 7.6% 7.28% GOI - 03.06.2019 2.31% 8.2% 8.51% PN SDL - 10.04.2023 2.04% 9.0% 8.6% 9.65% TN SDL - 12.03.2024 1.76% 9.4% 8.7% -1.55% 9.6% 8.8% 8.7% 5.46% 7.2% 8.1% 3.1% 3.8% 1.9% 2.0% 1.0% 0.8% 7.50% 4.38% Govt & Govt Guaranteed Bonds 12.73% 26.36% 49.02% 58.98% 32.76% 8.26% 23

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. AUM (in ` Portfolio 2,094.09 EQUITY 35.01% Infosys Ltd 3.10% ITC Ltd 2.42% 13.73% 35.01% 21.56% Reliance Industries Ltd 2.28% 0-100% HDFC Bank Ltd 2.25% Non 0-100% Housing Development Finance Corp. Ltd 1.86% Tata Consultancy Services Ltd 1.71% NCD, Floaters, ZCB, ICICI Bank Ltd 1.46% Long Term Deposits 29.70% Larsen And Toubro Ltd 1.38% - 37.5% (Nifty); Sun Pharmaceuticals Ltd 1.23% Debt - 62.5% (Crisil Bond) Tata Motors Ltd 1.00% Hindustan Unilever Ltd 0.93% Axis Bank Ltd 0.79% Mahindra & Mahindra Ltd 0.78% Bharti Airtel Ltd 0.70% Maruti Suzuki India Ltd 0.69% Guaranteed Bonds State Bank of India 0.64% Oil & Natural Gas Corporation Ltd 0.59% AAA Asian Paints Ltd 0.59% AA+ HCL Technologies Ltd 0.58% Date of 14th February 2010 Peak Guarantee Benchmark Fund I 6.2% 8.4% 5.7% 7.9% 5.6% 7.0% 9.7% 6.5% 10.0% 7.5% 10.2% -1.9% 1.8% Hero Honda Motors Ltd 0.58% (Details in the Annexure) 9.46% 64.99% 0.76% 7.61% 0.20% 47.03% Govt & Govt 13.93% Fixed Deposit 30.48% Allocation by Sector - Banking & Finance 8.01% 0.2% 1.4% 8.17% GOI - 01.12.2044 0.5% 0.6% 8.13% GOI - 22.06.2045 7.39% 3.8% 5.1% ICICI Bank CD - 31.05.16 5.80% Auto & Auto Ancillary Corporation Bank CD - 02.05.2016 3.89% Oil & Gas 3.58% HDFC Bank CD - 29.12.2016 2.71% FMCG 3.35% 8.24% GOI - 10.11.2033 2.57% 8.30% GOI - 31.12.2042 2.38% 9.15% Information Tech 6.22% 3.89% Pharma 2.62% TATA Capital Ltd CP - 19.08.16 2.08% 7.02% GOI - 17.08.2016 1.73% Capital Goods & Engineering 1.56% 8.31% GJ SDL - 03.02.2020 1.45% State Bank of Patiala CD - 28.12.2016 1.36% Cement & Cement Products 1.40% 8.92% L&T Finance Ltd. - 06.07.2018 1.20% Utilities 1.13% 9.78% Tata Sons - 13.01.2019 0.99% Telecom 0.91% 8.90% SAIL - 01.05.2019 CALL 01.05.2014 0.97% 2.35% LIC Housing Finance Ltd INBMK+120BPS 29.07.16 0.95% 1.44% INFLATION INDEX GS 2023 0.88% EXIM CD - 16.12.2016 0.82% ICICI Bank CD - 06.01.17 0.81% 12.30% GOI - 02.07.2016 0.72% 10.75% Shriram Transport Finance Co Ltd 24.10.2016 0.70% 1.83% 14.61% 41.54% 8.88% 7.70% 41.88% 24

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. AUM (in ` Portfolio 1,04,914.31 EQUITY 53.21% Infosys Ltd 4.96% HDFC Bank Ltd 3.75% ITC Ltd 3.61% 4.85% 12.75% 53.21% 0-80% IndusInd Bank Limited 2.21% NCD, Floaters, ZCB, Non 20-100% Tata Motors Ltd 2.00% Long Term Deposits ICICI Bank Ltd 1.90% Axis Bank Ltd 1.82% - 40% (BSE 100); Debt - 60% (Crisil Bond) Date of 27th June 2003 Guaranteed Growth Fund Benchmark 13.4% 11.3% 10 years 8.6% 7 years 10.8% 11.2% 7.8% 8.7% 10.6% 9.8% 11.2% 10.2% Sun Pharmaceuticals Ltd 1.78% R Shares Banking ETF 1.76% 29.19% UltraTech Cement Ltd 1.71% Britannia Industries Ltd 1.53% Kotak Banking ETF - Dividend Payout Option 1.52% Tata Consultancy Services Ltd 1.51% HCL Technologies Ltd 1.32% Hindustan Petroleum Corporation Ltd 1.29% Guaranteed Bonds Maruti Suzuki India Ltd 1.22% AAA YES BANK LTD 1.21% Larsen And Toubro Ltd 1.11% Hero Honda Motors Ltd 1.08% Shree Cement Ltd 0.98% (Details in the Annexure) 6.64% Govt & Govt 10.07% AA+ 20.29% Fixed Deposit 62.33% 14.94% 46.79% Allocation by Sector - Banking & Finance 15.11% 12.7% 10.3% 8.17% GOI - 01.12.2044 0.4% 1.3% 8.13% GOI - 22.06.2045 7.78% -0.4% 1.1% 8.24% GOI - 10.11.2033 2.67% Auto & Auto Ancillary 6.68% -0.1% 0.3% 8.30% GOI - 31.12.2042 2.62% FMCG 6.24% 7.3% 5.3% 7.02% GOI - 17.08.2016 1.89% ICICI Bank CD - 22.04.16 1.37% 1.44% INFLATION INDEX GS 2023 0.88% 10.31% 0.57% 0.10% Information Tech Cement & Cement Products 4.00% 3.67% Pharma 3.31% Oil & Gas 2.89% LIC Housing Finance Ltd INBMK+120BPS 29.07.16 0.71% Axis Bank CD - 28.04.2016 0.59% HDFC Ltd CP - 17.05.16 0.59% 8.30% REC - 10.04.2025 0.56% IDBI Bank CD - 04.04.16 0.54% 8.55% Sundaram Finance - 27.10.17 0.51% 10.05% Bajaj Finance Ltd - 10.01.2017 0.49% 7.59% GOI 2016-12.04.16 0.48% EXIM CP - 16.05.16 0.45% PFC CP - 26.05.2016 0.44% 15.07.2017 Capital Goods & Engineering 1.95% Media 0.91% Infrastructure 0.67% 9.85% Shriram Transport Finance Co Ltd 7.79% 21.58% 0.43% 10.75% Shriram Transport Finance Co Ltd 24.10.2016 0.42% IDBI Bank CD - 05.04.16 0.41% 0.11% 12.51% 7.17% 7.57% 63.68% 25

KOTAK GUARANTEED BALANCED FUND (ULIF-010-27/06/03-GRTBALFND-107) Aims for moderate growth by holding a diversified mix of equities and fixed interest instruments. AUM (in ` Portfolio 8,868.86 EQUITY 44.22% Infosys Ltd 4.10% HDFC Bank Ltd 3.17% ITC Ltd 2.98% 3.83% 15.67% 44.22% 0-60% IndusInd Bank Limited 1.79% NCD, Floaters, ZCB, Non 40-100% Tata Motors Ltd 1.67% Long Term Deposits ICICI Bank Ltd 1.58% Axis Bank Ltd 1.51% Sun Pharmaceuticals Ltd 1.50% - 30% (BSE 100); R Shares Banking ETF 1.46% Debt - 70% (Crisil Bond) Kotak Banking ETF - Dividend Payout Option 1.39% Tata Consultancy Services Ltd 1.27% Date of 27th June 2003 Guaranteed Balanced Fund 10 years 12.2% 8.4% Benchmark 10.2% 8.4% 7 years 10.4% 10.4% 7.9% 8.8% 8.2% 10.3% 9.6% 10.6% 10.0% 1.25% UltraTech Cement Ltd 1.23% HCL Technologies Ltd 1.09% Hindustan Petroleum Corporation Ltd 1.08% Maruti Suzuki India Ltd 1.02% YES BANK LTD 1.00% Larsen And Toubro Ltd 0.93% AA+ Hero Honda Motors Ltd 0.90% Fixed Deposit Shree Cement Ltd 0.82% (Details in the Annexure) 12.48% 55.78% 12.5% 10.6% 1.9% 3.1% 8.13% GOI - 22.06.2045 9.64% 0.3% 1.8% 8.24% GOI - 10.11.2033 3.37% 8.30% GOI - 31.12.2042 3.23% 7.02% GOI - 17.08.2016 2.34% ICICI Bank CD - 22.04.16 1.46% 1.44% INFLATION INDEX GS 2023 1.10% HDFC Ltd CP - 17.05.16 0.78% 0.5% 0.8% 6.6% 4.4% Britannia Industries Ltd 8.17% GOI - 01.12.2044 36.29% 12.65% 0.31% 6.49% 0.20% 6.69% Guaranteed Bonds 21.50% AAA 0.76% Axis Bank CD - 28.04.2016 0.73% 64.81% Allocation by Sector - Banking & Finance 12.66% Information Tech 6.46% Auto & Auto Ancillary 5.56% FMCG 5.14% Cement & Cement Products 3.14% 3.07% Pharma 2.78% 10.08% IOT Utkal Energy Services Limited 20.03.2026 Govt & Govt Oil & Gas 2.41% 9.78% Tata Sons - 13.01.2019 0.70% Capital Goods & Engineering 10.05% Bajaj Finance Ltd - 10.01.2017 0.68% Media 0.77% 8.30% REC - 10.04.2025 0.68% IDBI Bank CD - 04.04.16 0.65% Infrastructure 0.58% 1.65% 10.08% IOT Utkal Energy Services Limited 20.03.2023 0.64% 10.08% IOT Utkal Energy Services Limited - 20.03.2022 0.59% 7.59% GOI 2016-12.04.16 0.59% 17.40% 10.08% IOT Utkal Energy Services Limited 20.03.2024 0.58% 7.05% 15.07.2017 0.57% 7.92% 8.55% Sundaram Finance - 27.10.17 0.56% -0.02% 13.49% 9.85% Shriram Transport Finance Co Ltd 67.63% 26

PENSION CLASSIC OPPORTUNITIES FUND (ULIF-042-07/01/10-PNCLAOPFND-107) Aims to maximize opportunity for long term capital growth by holding significant portions in a diversified and flexible mix of large/medium sized stocks. AUM (in ` Portfolio 13,342.08 EQUITY 98.14% Infosys Ltd 8.38% HDFC Bank Ltd 6.58% 1.83%0.03% IndusInd Bank Limited 3.94% 75-100% Kotak Banking ETF - Dividend Payout Option 3.62% Non 0-25% ICICI Bank Ltd 3.26% NCD, Floaters, ZCB, Maruti Suzuki India Ltd 3.10% Long Term Deposits Axis Bank Ltd 3.06% Tata Motors Ltd 2.99% - 100% Larsen And Toubro Ltd 2.96% (BSE 200) ITC Ltd 2.93% Britannia Industries Ltd 2.86% YES BANK LTD 2.72% Reliance Industries Ltd 2.65% Date of th 07 January 2010 Pension Classic Opportunities Benchmark Fund 2.61% 2.50% Hindustan Petroleum Corporation Ltd 2.41% Fixed Deposit HCL Technologies Ltd 2.17% Shree Cement Ltd 1.88% Tata Consultancy Services Ltd 1.80% 6.4% Bharat Petroleum Corporation Ltd 1.62% 10.9% 6.7% (Details in the Annexure) 34.09% 10.7% 6.5% 14.9% 10.9% 17.3% 12.5% 5.34% UltraTech Cement Ltd 11.7% Sun Pharmaceuticals Ltd 98.14% Allocation by Sector - 17.6% 10.3% -6.0% -7.9% ICICI Bank CD - 31.05.16 0.47% -3.0% -2.8% Axis Bank CD - 28.04.2016 0.06% 8.00% HDFC Bank FD NSE - 08.08.2016 0.01% Auto & Auto Ancillary 8.00% HDFC Bank FD NSE - 24.07.2016 0.01% FMCG 8.60% 8.00% HDFC Bank FD BSE - 24.07.2016 0.01% 8.41% 1.30% 0.00% Oil & Gas 8.20% -2.5% -3.5% 12.4% 10.6% 1.86% 94.66% Banking & Finance 26.65% Information Tech 12.35% 11.32% Pharma 6.75% Cement & Cement Products 6.28% Capital Goods & Engineering 5.82% Fertilisers 2.17% Media 1.60% 27

KOTAK PENSION OPPORTUNITIES FUND (ULIF-032-17/07/09-PNOPPFND-107) Aims to maximize opportunity for long term capital growth by holding significant portions in a diversified and flexible mix of large/medium sized stocks AUM (in ` Portfolio 2,612.32 EQUITY 97.36% Infosys Ltd 8.32% HDFC Bank Ltd 6.52% IndusInd Bank Limited 3.89% 75-100% Kotak Banking ETF - Dividend Payout Option 3.59% Non 0-25% ICICI Bank Ltd 3.23% Maruti Suzuki India Ltd 3.08% Tata Motors Ltd 2.97% Axis Bank Ltd 2.94% - 100% Larsen And Toubro Ltd 2.91% (BSE 200) ITC Ltd 2.90% Britannia Industries Ltd 2.80% YES BANK LTD 2.70% Reliance Industries Ltd 2.64% Date of th 17 July 2009 Pension Opportunities Benchmark Fund Sun Pharmaceuticals Ltd 2.59% UltraTech Cement Ltd 2.47% Hindustan Petroleum Corporation Ltd 2.32% HCL Technologies Ltd 2.10% Shree Cement Ltd 1.86% Tata Consultancy Services Ltd 1.78% 2.59% 0.05% NCD, Floaters, ZCB, Long Term Deposits 97.36% 1.69% Fixed Deposit 38.99% 59.32% 10.6% 8.9% Bharat Petroleum Corporation Ltd 1.66% 10.2% 6.7% (Details in the Annexure) 34.08% 9.9% 6.5% 14.0% 10.9% 16.2% 12.5% 16.7% 10.3% -6.2% -7.9% Investments 1.15% -3.1% -2.8% Axis Bank CD - 28.04.2016 0.72% Corporation Bank CD - 02.05.2016 0.57% Auto & Auto Ancillary ICICI Bank CD - 31.05.16 0.45% FMCG 8.56% 8.00% HDFC Bank FD NSE - 24.07.2016 0.02% 8.52% 8.00% HDFC Bank FD NSE - 08.08.2016 0.02% 8.00% HDFC Bank FD BSE - 24.07.2016 0.01% Oil & Gas 8.13% -0.30% Pharma 6.58% 0.00% Cement & Cement Products 6.22% Capital Goods & Engineering 5.71% -2.6% -3.5% 12.0% 10.6% 2.64% Allocation by Sector - Banking & Finance 26.30% Information Tech 12.20% 11.46% Fertilisers 2.13% Media 1.53% 28