Managing Risks & Optimizing Returns www.kotakmutualfund.com
www.kotakmutualfund.com
Kotak Group - Corporate Overview 3,241* Branches Market Cap of USD 37.33 bn 50,000+ Employees Net worth of USD 7.60 bn Over 30% Promoter Group Ownership., Constituent of the NIFTY 50 Established in 1985 by Mr. Uday Kotak, it was the first Indian non-banking financial company to be given a banking licence by the Reserve Bank of India in February 2003. The Group caters to the financial needs of individuals and institutional investors across the globe. Global partnerships Current : Sumitomo Mitsui Banking Corporation Past : Goldman Sachs Ford Credit International Old Mutual Life Insurance Range of financial services Banking Asset Management Investment Banking Life Insurance Stock Broking General Insurance Alternate Investments Stressed Assets Business Branch breakup* No. of Branches Banking 1,388 Mutual Fund 83 Life Insurance 227 Securities 1,325 Car Finance 84 General Insurance 15 BSS Microfinance 119 Total 3,241 These branches / offices are present in India as on March 31, 2018. In addition, Kotak Group has international offices in Abu Dhabi, Dubai, London, Mauritius, New York and Singapore. Constituent of the NIFTY, the mainline 50 stock Indian market index Kotak Group is one of the largest Indian financial services groups All data as on June 30, 2018 3
Kotak Group - Corporate Overview Assets Under Management (USD 29.05 bn) Asset Management: Strengths One of the first few private firms qualified to manage pension funds in India Providing solutions to International clients for 15+ years Kotak Mahindra Asset Management Company is regulated by the Securities and Exchange Board of India. Data as on June 30, 2018 4
Kotak Group - Corporate Overview London New York Rep Office - Abu Dhabi Dubai India Singapore Mauritius Presence across major financial markets 5
Who Are We? Kotak Mahindra Asset Management Company Limited (KMAMC) is Part of a reputed conglomerate Wholly owned subsidiary of Kotak Mahindra bank Limited (KMBL) Long Experience - started operations in December 1998 7 th Largest Mutual Fund based on Quarterly AUM as of June 2018 Large Investor base - has more than 2 Million investors* Robust distribution network A comprehensive distribution channel with over 43,000 empanelled distributors Complete Product bouquet - Offers schemes catering to investors with varying risk return profiles Wide Geographical presence - The company is present in 80 cities and has 84 branches # # *As per number of existing folios Data as on June 30, 2018 6
Our Vision, Our Purpose Our vision is to be most trusted player in the Indian mutual fund space, always striving to offer best in class products across investor lifecycle. We strive hard to deliver consistent performance over the benchmark across all our products, thereby creating customer satisfaction. Our 20 years of existence offering a broad range of investment products across asset classes with varying risk parameters that cater to the needs of various customer segments, has enabled us to garner trust of more than 2 Million investors.* * as per number of existing folios 7
The AUM Sizing Up the Cause Equity Fixed Income Liquid/Money Market MF AUM PMS Kotak Mutual Fund, on back of its fund performances, is one of the fastest growing* fund houses in India *As per the Quarterly Average AUM for second quarter of 2015, 2016, 2017 & 2018 (in INR Cr) 8
Equity Investment Framework Investment Universe Research Idea Generation Company Meeting & Idea Discussion On-going Review (Periodically) Portfolio Action Investment Report Fund Manager Analyst Dealer Investment Team Investment Committee Fund manager is the sole decision maker for respective portfolios subject to the guidelines mandated by Investment Committee The process is subject to change without notice. 9
Well Defined And Evolved Equity Investment Process Investment Universe Research Idea Generation Portfolio Action On-going Review India Focused Listed Equity Buy-side Provides coverage on stocks Individual analysts maintain sector model portfolios The team runs large cap and mid cap model portfolios Regular meeting updates with management of stocks covered Sources Research Team Fund Managers Group Companies Daily Discussion Forums Sell-side brokers Execution through 40+ empanelled brokers Mandate adherence check Trade execution guided by broker voting system Monthly Investment Committee reviews Portfolio optimization meetings Performance Attribution System Portfolio analytics system Risk Management Sell-side 40+ brokers Expands research universe Tools: Reuters Starmine The process is subject to change without notice to respond to evolving markets. 10
Disciplined Equity Investment Approach Investment Philosophy Strong bottom-up with a top-down thematic overlay Endeavour to derive value from macro trends and identify stock specific opportunities Bottom-up approach adopts BMV approach to stock picking Centralized buy-side research team Experienced team brings coverage and depth Aligned to portfolio performance objectives Risk framework Asset allocation; Sector concentration Overweight/Underweight; capitalization; benchmark coverage Liquidity Performance Evaluation System Relative to the benchmark Relative to the peers Knowledge management system / Reuters Starmine A repository for in-house buy-side propriety research & sellside research Size Competition Scalability Sustainability Business Management Vision /Growth Orientation Execution Track Record Corporate Governance Capital Allocation Growth At Reasonable Price ROE/ROCE/ Free Cash Flow Valuation Portfolio analytics Portfolio metrics Attribution & peer portfolio analysis Powerful sell-side broker voting system Aids in vibrant sell side broker support 11
Robust Risk Management Sector & Stock selection is an outcome of the research process, however Sector caps may be different for diversified and thematic funds; caps also on sector over-weights/under-weights; higher limits need specific approval Each fund limits exposure to each market cap viz. large cap, mid cap & small cap Liquidity of the portfolio should be within pre-defined limits All funds* cap exposure to equity related instruments of a company to 10% of assets All regulatory limits, restrictions and guidelines wherever applicable are strictly hard-coded and adhered to Portfolio optimization meetings help to optimize risk adjusted return Fund performance and fund positioning are reviewed monthly by the Investment Committee *other than thematic/sectoral/index funds 12
A Well Developed Feedback Loop Central Research Independent research about companies Generation of new investment ideas Tracking stocks under coverage Regular corporate interaction Industry/company updates Interaction with sell-side analysts Fund Management Attribution System Provides valuation analysis Provides attribution analysis for each fund Provides liquidity risk analysis Provides alerts for risk management Portfolio Optimization Provides Model portfolio Provides inputs on stock/sector 13
Debt Investment Framework Safety Return of Principal more critical than Return on Principal Liquidity Daily Redemption across majority of funds. Asset-Liability matching, critical to honour daily commitments Return Optimize risk adjusted return Top Down Bottom Up Macros Micros RBI Policy Inflation Outlook Fiscal Deficit Interlinkage of Currency & Equity Market Liquidity of Banking System Demand supply gap Shape of yield curve On the run Vs. off the run securities Credit 14 14
Robust Credit Evaluation Process at Kotak Mutual Fund Independent rating if available Portfolio concentration measures Vintage-wise delinquencies and flow through rates & resultant probability of default Insurance, escrow amounts and recourse level available under different scenarios Portfolio Risk Analysis % of portfolio allocation & size of issue Details of past transaction by Kotak Group with the borrower Pool Asset Analysis Robust Credit Evaluation Process at Kotak Mutual Fund Issuer Analysis Adequacy of operating cash flows providing cover on debt Extent & structure of existing debt Structure of proposed borrowing and Security Yield curve & ALM mismatch risks Detailed financial model Issue Analysis Nature of business Source of operating cash flows of all relevant entities Purpose/end-use of borrowing Quality of Management & Corporate Governance The process is subject to change without notice. 15
Performance Centric Investment Team Evaluation & Remuneration Policy Incentivizes fund managers based on consistent relative performance Incentivizes quality & quantity of research Fund manager's performance evaluation is relative to both benchmark & peers Research Analysts evaluation depends on their total stock coverage and the ideas provided during a given period Research Analysts also maintain a parallel model portfolio and continuously measure its performance vis-à-vis real portfolios 16
Our Philosophy Products We believe Funds are like kids. Don t have more than you can manage. Our aim is to equate fund return and client return. Performance We strive to optimize long term risk-adjusted return on a consistent basis. Our Philosophy Pledge* "All of us at the fund house, invest all our personal mutual fund investments only in our schemes. That is our way to align our interest with our investors." Partnership We believe in managing your Trust. We are honored to get the mandate of managing your / your client s trust and money. Process We believe in Disciplined Investment Process for optimizing risk adjusted return. Principles for Responsible Investment First Asset Management Company in India to sign the United Nations supported Principles for Responsible Investment. *It is a voluntary pledge by employees. 17
Our Edge Strong Parentage: Kotak Bank, the holding company is one of the largest private banks in India with a wide network Vast experience of over 20 years in managing money across asset classes in India On-ground presence with large teams ensuring wide & in-depth research coverage Conservative & Institutional approach to investing matched with robust risk management Sound understanding of governance structures of Indian corporates 18
Our Investment Leadership Mr. Nilesh Shah (Managing Director) Has been with Kotak Mahindra AMC since January 2015 Over 25 years of experience in capital markets and market related investments, having managed funds across equity, fixed income securities and real estate for local and global investors. Has previously held leadership roles in Axis Capital, ICICI Prudential Mutual Fund, Franklin Templeton Mutual Fund and ICICI Securities Gold medallist Chartered Accountant and a merit ranked Cost Accountant Part of Regulatory Committee for market development Mr. Harsha Upadhyaya (CIO Equity) Has been with Kotak Mahindra AMC since August 2012 22 years of industry experience including that in DSP BlackRock, UTI, Essar Steel, Prabhudas Liladhar, S G Asia Securities, Reliance Group PGDM (Finance) IIM Lucknow, CFA, B.E. Ms. Lakshmi Iyer (CIO Debt & Head Products) Has been with Kotak Mahindra AMC since April 2000 20 years of industry experience PGDM - NMIMS, B.Com Mr. Anshul Saigal (Head PMS) Has been with Kotak PMS since April 2012 17 years of industry experience including that in JP Morgan, ICICI Bank and Standard Chartered Bank. MBA (Finance) MDI Gurgaon, B.E. 19
Investment Committee Mr. Gaurang Shah (President - Asset Management, Insurance and International business - Kotak Mahindra Bank Ltd.) Has been with Kotak Mahindra Group since July, 1996 and is a part of the Equity and Debt Investment Committee Over 35 years of experience primarily in the Financial Services sector, several of which with the Kotak Mahindra Group including, inter alia, the Head of Retail Assets at Kotak Mahindra Bank, Managing Director of Kotak Mahindra Life Insurance Co Ltd., and was also closely associated with Kotak Mahindra Primus (a joint venture between Kotak Mahindra Group and Ford Credit International), among India s leading automobile finance companies He is a Chartered Accountant and Cost Accountant Mr. Nilesh Shah (Managing Director) Has been with Kotak Mahindra AMC since January 2015 and is a part of the Equity and Debt Investment Committee Over 25 years of experience in capital markets and market related investments, having managed funds across equity, fixed income securities and real estate for local and global investors. Has previously held leadership roles in Axis Capital, ICICI Prudential Mutual Fund, Franklin Templeton Mutual Fund and ICICI Securities Gold medallist Chartered Accountant and a merit ranked Cost Accountant Part of Regulatory Committee for market development Ms. Laxmi Iyer (CIO Debt & Head Products) Has been with Kotak Mahindra AMC since April 2000 and is a part of the Equity and Debt Investment Committee 20 years of industry experience PGDM - NMIMS, B.Com Mr. Harsha Upadhyaya (CIO Equity) Has been with Kotak Mahindra AMC since August 2012 and is a part of the Equity Investment Committee 22 years of industry experience including that in DSP BlackRock, UTI, Essar Steel, Prabhudas Liladhar, S G Asia Securities, Reliance Group PGDM (Finance) IIM Lucknow, CFA, B.E. 20
Equity Investment Team Mr. Harsha Upadhyaya (CIO Equity) Has been with Kotak Mahindra AMC since August 2012 22 years of industry experience including that in DSP BlackRock, UTI, Essar Steel, Prabhudas Liladhar, S G Asia Securities, Reliance Group PGDM (Finance) IIM Lucknow, CFA, B.E. Mr. Harish Krishnan (Fund Manager) Mr. Pankaj Tibrewal (Fund Manager) Mr. Deepak Gupta (Fund Manager) Mr. Devender Singhal (Fund Manager) Has been with Kotak Mahindra AMC since November 2013 13 years of industry experience PGDBM - IIM Kozhikode, AIMR CFA, B.Tech (Electronics & Communications) Has been with Kotak Mahindra AMC since January 2010 16 years of industry experience Masters in Finance - Manchester University, B.Com (Hons.) Has been with Kotak Mahindra AMC since April 2005 13 years of industry experience CA, Cost Accountant, AIMR CFA, B.Com Has been with Kotak Mahindra AMC since February 2009 15 years of industry experience PGDM - Fore School of Management, B.A. (Hons.) Maths 21
Centralized Research Team Ms. Shibani S Kurian (Head- Equity Research) With Kotak Mahindra AMC since November 2007 18 years of industry experience Sector / Portfolio managed: Banking & Financial Services Economy, Information Technology PGDM, B.Sc (Hons.) - Economics Mr. Akshit Gandhi With Kotak Mahindra AMC since December 2016 16 years of industry experience Sector / Portfolio managed: Cement, Building Materials MBA (Finance), CFA Mr. Devender Singhal With Kotak Mahindra AMC since February 2009 15 years of industry experience Sector / Portfolio managed: FMCG, Auto, Paints, and Consumer Discretionary PGDM, B.A. (Hons.) Maths Mr. Mandar Pawar With Kotak Mahindra AMC since February 2008 14 years of industry experience Sector / Portfolio managed: Oil & Gas, Metals, Pipes, Shipping, Retail and Logistics MMS, B.Com Mr. Dhananjay Tikariha With Kotak Mahindra AMC since March 2008 12 years of industry experience Sector / Portfolio managed: Telecom, Capital Goods, Industrials, Pharmaceuticals & Hospitals PGDM, B.Tech Mr. Nalin Bhatt Mr. Arjun Khanna Mr. Ashish Jagnani Mr. Rukun Tarachandani With Kotak Mahindra AMC since February 2016 14 years of industry experience Sector / Portfolio managed: Infrastructure, Power Utilities, Real Estate CA, B.Com With Kotak Mahindra AMC since April 2016 11 years of industry experience Sector / Portfolio managed: Auto Ancillary, Media, Midcaps, Hotel, Agricultural Commodities MMS (Finance), CFA, B.E. With Kotak Mahindra AMC since November 2017 15 years of industry experience Sector / Portfolio managed: Specific stocks in small & mid caps CA, Masters in Finance Management With Kotak Mahindra AMC since March 2015 5 years of industry experience Sector / Portfolio managed: Specific stocks in small & mid caps MBA (Finance), B.E., CFA 22
Debt Investment Team Ms. Lakshmi Iyer (CIO Debt & Head Products) Has been with Kotak Mahindra AMC since April 2000 20 years of industry experience PGDM - NMIMS, B.Com Mr. Deepak Agrawal (Fund Manager) Has been with Kotak Mahindra AMC since December 2002 17 years of industry experience AIMR CFA Level II, CA, CS, B.Com Mr. Abhishek Bisen (Fund Manager) Has been with Kotak Mahindra AMC since October 2006 17 years of industry experience MBA (Finance), B.A. Management Mr. Sunil Pandey (Debt Dealer) Has been with Kotak Mahindra AMC since October 2007; with the debt team since last 3 years 13 years of industry experience MBA, B.Com Mr. Vihag Mishra (Credit Analyst) Has been with Kotak Mahindra AMC since September 2017 4 years of industry experience MBA (Finance), B.E. Mr. Sunit Garg (Credit Analyst) Has been with Kotak Mahindra AMC since June 2016 12 years of industry experience PGDM (Finance), CA, B.Com 23
A Selection of Equity Product Basket with Kotak AMC Scheme Name Investment Theme Fund Manager Benchmark Monthly AAUM (USD Mn) Kotak Bluechip Fund (Erstwhile Kotak 50) Kotak India EQ Contra Fund (Erstwhile Kotak Classic Equity) Kotak Equity Opportunities Fund (Erstwhile Kotak Opportunities) Kotak Standard Multicap Fund (Erstwhile Kotak Select Focus Fund) Large cap Mr. Harish Krishnan Nifty 50 194.90 Contra Mr. Deepak Gupta Nifty 100 58.89 Large & Mid Cap Fund Mr. Harsha Upadhyaya Nifty 200 361.56 Multi Cap Mr. Harsha Upadhyaya Nifty 200 2881.43 Kotak Tax Saver ELSS Mr. Harsha Upadhyaya Nifty 500 107.65 Kotak Emerging Equity Scheme Mid Cap Mr. Pankaj Tibrewal Nifty Free Float Midcap 100 469.50 Kotak Smallcap Fund (Erstwhile Kotak Midcap) Kotak Infrastructure & Economic Reform Fund Kotak Equity Hybrid (Erstwhile Kotak Balance) Small cap Mr. Pankaj Tibrewal NIFTY Smallcap 50 120.83 Sectoral / Thematic Aggressive Hybrid Fund Mr. Harish Krishnan Mr. Pankaj Tibrewal & Mr. Abhishek Bisen India Infrastructure Index (Customised Index by IISL) NIFTY 50 Hybrid Composite Debt 70:30 Index 67.63 302.90 Kotak Equity Arbitrage Fund Arbitrage Fund Mr. Deepak Gupta Nifty 50 Arbitrage Index 1751.97 Kotak Equity Savings Fund Equity Savings Mr. Deepak Gupta & Mr. Abhishek Bisen 75% of Nifty 50 Arbitrage Index + 25% of Nifty 50 312.60 As on June 30, 2018 24
A Selection of Fixed Income Product Basket with Kotak AMC Scheme Name Current Scheme Positioning Fund Manager Benchmark Monthly AAUM (USD Mn) Kotak Mahindra Liquid Scheme Liquid Mr. Deepak Agrawal Nifty Liquid fund Index 3774.09 Kotak Money Market Scheme (Erstwhile Kotak Floater Short Term ) Kotak Savings Fund (Erstwhile Kotak Treasury Advantage Fund) Money Market Mr. Deepak Agrawal Nifty Money Market Index 1019.54 Ultra Short Duration Mr. Deepak Agrawal Nifty Ultra-short term Index 1071.99 Kotak Low Duration Fund Low Duration Mr. Deepak Agrawal Nifty Low Duration Index 758.18 Kotak Corporate Bond Fund Corporate Bond Mr. Deepak Agrawal CRISIL Corporate Bond Index 164.28 Kotak Banking & PSU Debt Fund Banking and PSU Mr. Deepak Agrawal CRISIL Banking and PSU Debt Index Kotak Bond Short Term Short Duration Mr. Deepak Agrawal Nifty Short Duration Index 1298.22 Kotak Credit Risk Fund (Erstwhile Kotak Income Opportunities Fund) Kotak Medium Term Fund Kotak Dynamic Bond Fund (Erstwhile Kotak Flexi Debt Fund) Kotak Bond Fund (Erstwhile Kotak Mahindra Bond Unit Scheme 99) Kotak Mahindra Gilt Unit Scheme 98 Investment Plan Kotak Debt Hybrid (Erstwhile Kotak MIP) Credit Risk Medium Term (Accrual Strategy) Mr. Deepak Agrawal CRISIL Composite AA Short Term Bond Index 162.28 760.49 Mr. Deepak Agrawal Nifty Medium Duration Index 689.09 Dynamic Mr. Deepak Agrawal Nifty Composite Debt Index 112.67 Medium to Long Duration Gilt Fund Conservative Hybrid Fund Mr. Abhishek Bisen Mr. Abhishek Bisen Mr. Devender Singhal & Mr. Abhishek Bisen Nifty Medium to Long Duration Index Nifty All Duration G-Sec Index CRISIL Hybrid 85+15 - Conservative Index 313.40 69.16 51.86 As on June 30, 2018 25
A Selection of Equity Product Basket with Kotak AMC Scheme Name Investment Theme Fund Manager Benchmark Monthly AAUM (USD Mn) Kotak Banking ETF Index Funds / ETFs Mr. Deepak Gupta Nifty Bank 642.72 Kotak Gold ETF Index Funds / ETFs Mr. Abhishek Bisen Imported (landed) price of Gold 57.41 Kotak Nifty ETF Index Funds / ETFs Mr. Deepak Gupta Nifty 50 73.86 Kotak NV 20 ETF Index Funds / ETFs Mr. Deepak Gupta Nifty 50 Value 20 0.43 Kotak PSU Bank ETF Index Funds / ETFs Mr. Deepak Gupta Nifty PSU Bank 9.81 Kotak Sensex ETF Index Funds / ETFs Mr. Deepak Gupta S&P BSE Sensex 1.74 As on June 30, 2018 26
Representation of Accolades and Recognition Received Industry experts have also acknowledged KMAMC s superior performance. Some of the accolades which KMAMC has received in the recent past include: Kotak Equity Arbitrage Fund-Best Fund over 10 years (Alternative Relative Value): 2018 Thomson Reuters Lipper Fund Award Best Group over 3 years Equity: 2017 Thomson Reuters Lipper Fund Awards India Most Innovative Approach To Investor Awareness : 2017 The Outlook Money ETF Manager of the year India 2015, 2016 Best Debt Fund House: Outlook Money awards 2012 Best Debt Fund House: Outlook Money NDTV Profit Awards 2009 Best Bond Fund Group over 3 years: Lipper Fund Awards India 2007 Best Debt Fund House: Outlook Money Awards 2007 Best Mutual Fund House: NDTV Profit Business Leadership Award 2006 in Mutual Fund Category Best Bond Fund Group over 3 years: Lipper Fund Awards India 2006 Outlook Money Best Wealth creator Debt 2003 BEST FUND AWARD: 10 year category at Lipper Fund awards, 2012 for Kotak Bond Fund Regular Plan-Growth Best Performing Mutual Fund of the year: INDEX FUNDS, 2012 for Kotak SENSEX ETF BEST FUND AWARD: 10 year category at Lipper Fund awards, 2011 for Kotak Bond Fund Regular Plan-Growth 27
Product Labels Scheme Name This product is suitable for investors who are seeking* Riskometer Kotak Bluechip Fund Kotak India EQ Contra Fund Kotak Emerging Equity Kotak Small Cap Fund Long term capital growth Investment in portfolio of predominantly equity & equity related securities of large cap companies Long term capital growth Investment in portfolio of predominantly equity & equity related securities Long term capital growth Investment in equity & equity related securities predominantly in mid cap companies Long term capital growth Investment in equity & equity related securities predominantly in small cap stocks Kotak Equity Opportunities Fund Kotak Standard Multicap Fund Long term capital growth Investment in portfolio of predominantly equity & equity related securities of large & midcap companies Long term capital growth Investment in Portfolio of predominantly equity & equity related securities generally focused on a few selected sectors across market capitalisation Investors understand that their principal will be at moderately high risk. Kotak Tax Saver Kotak Equity Savings Fund Long term capital growth with a 3 year lock in Investment in portfolio of predominantly equity & equity related securities Income from arbitrage opportunities in the equity market & long term capital growth Investment predominantly in arbitrage opportunities in the cash & derivatives segment of the equity market and equity & equity related securities *Investors should consult their financial advisors if in doubt about whether the product is suitable for them. 28
Product Labels Scheme Name This product is suitable for investors who are seeking* Riskometer Kotak Equity Arbitrage Income from arbitrage opportunities in the equity market Investment in arbitrage opportunities in the cash & derivatives segment of the equity market Investors understand that their principal will be at moderately low risk. Kotak Global Emerging Market Long term capital growth Investment in overseas mutual fund schemes that invest in a diversified portfolio of securities in global emerging markets Kotak Infrastructure & Economic Reforms Fund Long term capital growth Long term capital appreciation by investing in equity and equity related instruments of companies contributing to infrastructure and economic development of India Investors understand that their principal will be at high risk. *Investors should consult their financial advisors if in doubt about whether the product is suitable for them. 29
Product Labels Scheme Name This product is suitable for investors who are seeking* Riskometer Kotak Bond Kotak Mahindra Gilt Unit Scheme - 98 Investment Plan Kotak Medium Term Fund Kotak Debt Hybrid Kotak Low Duration Fund Income over a long investment horizon Investment in debt & money market securities with a portfolio Macaulay duration between 4 years & 7 years Income over a long investment horizon Investments in sovereign securities issued by the Central and/or State Government(s) and / or reverse repos in such securities Income over a medium term investment horizon Investment in debt, government securities & money market instruments with portfolio Macaulay duration between 3 years & 4 years Income & capital growth over a long term horizon Investment in a portfolio of debt instruments with a moderate exposure in equity & equity related instruments Regular Income over short term Income by focussing on low duration securities with portfolio Macaulay duration between 6 months and 12 months Investors understand that their principal will be at moderately risk. *Investors should consult their financial advisors if in doubt about whether the product is suitable for them. 30
Product Labels Scheme Name This product is suitable for investors who are seeking* Riskometer Kotak Corporate Bond Fund Kotak Bond Short Term Kotak Dynamic Bond Fund Regular Income over short term Income by investing in fixed income securities of varying maturities and predominantly investing in AA+ and above rated corporate bonds Income over a medium term horizon Investment in debt & money market securities with portfolio Macaulay duration between 1 year & 3 years Income over a medium term investment horizon Investment in debt & money market securities across durations Kotak Savings Fund Kotak Banking and PSU Debt Fund Kotak Credit Risk Fund Income over a short term investment horizon Investment in debt & money market securities with portfolio Macaulay duration between 3 months & 6 months Income over a short to medium term investment horizon Investment in debt & money market securities of PSUs, Banks, Public Financial Institutions, Government Securities and Municipal Bonds Income over a medium term investment horizon Investment predominantly in in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds) Investors understand that their principal will be at moderately low risk. *Investors should consult their financial advisors if in doubt about whether the product is suitable for them. 31
Product Labels Scheme Name This product is suitable for investors who are seeking* Riskometer Kotak Money Market Scheme Income over a short term investment horizon Investment in money market securities Investors understand that their principal will be at moderately low risk. Kotak Mahindra Liquid Scheme Income over a short term investment horizon Investment in debt & money market securities Investors understand that their principal will be at low risk. *Investors should consult their financial advisors if in doubt about whether the product is suitable for them. 32
Product Labels Scheme Name This product is suitable for investors who are seeking* Riskometer Kotak Equity Hybrid Long term capital growth Investment in equity & equity related securities balanced with income generation by investing in debt & money market Instruments Investors understand that their principal will be at moderate high risk. *Investors should consult their financial advisors if in doubt about whether the product is suitable for them. 33
Product Labels Scheme Name This product is suitable for investors who are seeking* Riskometer Kotak Gold ETF Returns in line with physical gold over medium to long term, subject to tracking error Investment in physical gold Kotak Nifty ETF Long term capital growth Investment in stocks comprising the underlying index and endeavours to track the benchmark index Kotak Sensex ETF Long term capital growth Investment in stocks comprising the underlying index and endeavours to track the benchmark index Investors understand that their principal will be at moderate high risk. Kotak PSU Bank ETF Long term capital growth Investment in stocks comprising the underlying index and endeavours to track the benchmark index Kotak Banking ETF Long term capital growth Investment in stocks comprising the underlying index and endeavours to track the benchmark index *Investors should consult their financial advisors if in doubt about whether the product is suitable for them. Investors understand that their principal will be at high risk. 34
Disclaimer The information contained in this (document) is extracted from different sources. All reasonable care has been taken to ensure that the information contained herein is not misleading or untrue at the time of publication. This is for the information of the person to whom it is provided without any liability whatsoever on the part of Kotak Mahindra Asset Management Co Ltd or any associated companies or any employee thereof. We are not soliciting any action based on this material and is for general information only. 35
www.kotakamc.com Mutual Fund investments are subject to market risks, read all scheme related documents carefully. www.kotakmutualfund.com