July 20, 2021

SUDHEER BHASKAR TILLOO

AMIT BLOSSOM 12TH LANE
PRABHAT ROAD
PUNE - PIN 411004
MAHARASHTRA

Class A Unit holder-India Whizdom Fund (IWF)

Sub: Income Statement for the Financial Year ending March 31, 2021.

Folio No: 249

PAN No: AAGPT1843G
Dear Contributor,
Your fund, IWF is registered as a Category III Alternative Investment Fund with the Securities and Exchange Board of India
(“SEBI”) under the SEBI (Alternative Investment Funds) Regulations, 2012.Your Contribution to the Fund shall be governed
by the terms and conditions of the Fund Documents.
Following is your pro-rata share in the income from IWF for F.Y. 2020-21, which may be considered in computation of your
taxable income for F.Y. 2020-21
Please note that earlier till March 2019, the tax liability was being discharged by you directly. With effect from the
Financial Year 2020, Fund has been paying advance tax on your proportionate share of income from IWF. The said
advance tax would be paid in your PAN and would be reflected in your Form 26AS.Kindly consider the same while
filing your income tax returns.

SrNo Particulars Your pro rata share of

1
gross income (Rs.)
1 Short term capital gain on temporary
investments 18,152

2 Dividend earned from temporary 581

investments (from investments in mutual
funds under Daily Dividend Option) 2

3 Dividend earned from quoted portfolio 110,959

investment 3

4 Long term capital gain / (loss) on portfolio 3,268,107

investments (Refer Annexure I & II) 4
5 Short term capital gain on portfolio -
5
investments
6 Other income -
Total 3,397,799

1 Your beneficial interest in Class A of IWF is 0.1615%

2 Pro rata share of Tax deducted/deductible at source by the relevant Mutual Fund during the financial year.
3 Prorata share of Tax deducted/deductible at source by the relevant portfolio companies during the financial year.
4 Long term capital gain on sale of shares is taxable u/s 112A of IT Act 1961.
5 Short term capital gain on sale of shares is taxable u/s 111A(1)(i) of IT Act 1961.

Kotak Investment Advisors Limited

(Corporate identity number U65990MH1994PLC077472)
Registered Office
27 BKC, 7th T +91 22 43360000
Bandra Kurla Complex www.Kotak.com
Bandra (East), Mumbai 400 051 India
 The fees and expenses incurred by IWF for financial year ended March 31, 2021 are summarized below:
Total fees and expenses of IWF for the year ended March 31, 2021 145,682,229
Your pro-rata beneficial interest in IWF as on March 31, 2021 (computed in the ratio of your contribution to 0.1615%
the total contribution of all the contributors)

Reference Notes:
a. Income is from investments in Category III Alternative Investment Fund with the Securities and Exchange Board of India
(“SEBI”) under the SEBI (Alternative Investment Funds) Regulations, 2012. By virtue of you being a beneficiary in the Trust,
being a revocable trust under section 61-63of Income-tax Act, 1961, your pro-rata share of the gross income set out above may
be considered in computation of your taxable income for the financial year ending Marc h 31, 2021.
b. This income statement is being provided to you for informational purposes only and does not constitute a tax advice or opinion. The
tax consequences are based on the current tax law and regulations in India and judicial and administrative interpretations thereof,
which provisions and interpretations are subject to change or modification by subsequent legislative, regulatory, administrative or
judicial decisions. Each contributor should consult its own advisor with respect to tax consequences in its hands on its share of the
income from IWF. Please note that this is merely an income statement and should not be construed as a distribution advice. The
Investment Manager reserves the right to distribute the income of the Fund at such times and for such amounts as it deems appropriate
as per the terms of the Fund Documents.

If you need additional information or clarification, we will be glad to assist you and will be available at irteam@kotak.com.

Please note that this is a system generated statement and does not require any signature.

By Kotak Investment Advisors Limited

(In its capacity as investment manager of IWF)

Kotak Investment Advisors Limited

(Corporate identity number U65990MH1994PLC077472)
Registered Office
27 BKC, 7th T +91 22 43360000
Bandra Kurla Complex www.Kotak.com
Bandra (East), Mumbai 400 051 India
 Annexure I
Long Term Capital gain/(loss) on sale of Listed Equity Shares ( STT paid) for Class A

Cost of
Month and Purchase Cost Fair Value as acquisition as Long Term
Quantity Month and Total Sale
Particulars Year of of Equity Sold on 31st Jan 18 per Sec Capital
Sold Year of Sale Proceeds (Rs.)
Purchase (Rs.) (Rs.) 55(2)(ac) gain/(loss) (Rs.)
(Rs.)

Orient Paper & Industries

Jan 17 to Mar 17 4,01,52,991 4,34,12,105 8,86,866 Jul 20 to Sep 20 1,62,82,129 4,01,52,991 (2,38,70,862)
Limited
Orient Paper & Industries
Oct 17 to Dec 17 2,44,20,504 1,62,66,762 3,32,314 Jul 20 to Sep 20 56,32,617 2,44,20,504 (1,87,87,887)
Limited

Total 6,45,73,495 5,96,78,867 12,19,180 2,19,14,746 6,45,73,495 (4,26,58,749)*

*Your pro-rata share of the Long term capital gain/(loss) is Rs.-59,826. It has been arrived at by multiplying with your
beneficial interest of 0.1402% in Class A.

Kotak Investment Advisors Limited

(Corporate identity number U65990MH1994PLC077472)
Registered Office
27 BKC, 7th T +91 22 43360000
Bandra Kurla Complex www.Kotak.com
Bandra (East), Mumbai 400 051 India
 Annexure II
Long Term Capital gain/(loss) on sale of Listed Equity Shares ( STT paid) for Class A

Cost of
Month and Purchase Cost Fair Value as acquisition as Long Term
Quantity Month and Total Sale
Particulars Year of of Equity Sold on 31st Jan per Sec Capital
Sold Year of Sale Proceeds (Rs.)
Purchase (Rs.) 18 (Rs.) 55(2)(ac) gain/(loss) (Rs.)
(Rs.)

Mindtree Jul 16 to Sep 16 2,64,74,653 3,58,56,426 46,019.93 Oct 20 to Dec 20 6,48,20,217 3,58,56,426 2,89,63,791

Torrent Pharmaceuticals
Jan 18 to Mar 18 3,35,21,888 - 26,249.33 Oct 20 to Dec 20 7,35,23,532 3,35,21,888 4,00,01,644
Limited
Torrent Pharmaceuticals
Jan 18 to Mar 18 15,26,56,372 - 1,22,136.54 Jan 21 to Mar 21 34,39,20,405 15,26,56,372 19,12,64,033
Limited
Torrent Pharmaceuticals
Apr 18 to Jun 18 4,91,79,398 - 37,866.40 Jan 21 to Mar 21 10,72,44,697 4,91,79,398 5,80,65,299
Limited
Indian Energy Exchange
Jan 18 to Mar 18 18,68,04,922 17,06,04,929 11,79,226.41 Oct 20 to Dec 20 25,45,63,629 18,76,63,095 6,69,00,534
Limited

Dr. Lal Path Labs Ltd Jan 17 to Mar 17 7,19,00,720 6,62,82,118 71,819.39 Oct 20 to Dec 20 16,54,97,926 7,19,00,720 9,35,97,206

Dr. Lal Path Labs Ltd Jan 17 to Mar 17 27,26,99,808 26,40,43,891 2,86,102.38 Jan 21 to Mar 21 68,51,63,100 27,26,99,808 41,24,63,292

Dr. Lal Path Labs Ltd Apr 17 to May 17 3,33,55,016 3,47,98,496 37,705.60 Jan 21 to Mar 21 9,00,55,483 3,47,98,496 5,52,56,987

Dr. Lal Path Labs Ltd Jul 17 to Sep 17 7,18,41,480 8,49,00,891 91,993.60 Jan 21 to Mar 21 21,74,93,241 8,49,00,891 13,25,92,350

Dr. Lal Path Labs Ltd Oct 17 to Dec 17 3,36,16,503 4,24,48,380 45,994.56 Jan 21 to Mar 21 10,56,66,491 4,24,48,380 6,32,18,111

Pfizer Limited Jan 18 to Mar 18 18,49,32,667 20,20,48,427 86,255.64 Oct 20 to Dec 20 46,36,63,815 20,25,55,031 26,11,08,784

Karur Vysya Bank Ltd Jan 17 to Mar 17 5,92,01,811 6,04,24,929 5,40,473.42 Oct 20 to Dec 20 2,04,59,177 5,92,01,811 (3,87,42,634)

Karur Vysya Bank Ltd Apr 17 to Jun 17 25,70,53,726 24,33,26,350 21,76,443.20 Oct 20 to Dec 20 8,42,96,762 25,70,53,726 (17,27,56,964)

Karur Vysya Bank Ltd Jul 17 to Sep 17 2,67,19,754 2,05,54,669 1,83,852.14 Oct 20 to Dec 20 72,23,790 2,67,19,754 (1,94,95,964)

Karur Vysya Bank Ltd Jul 17 to Sep 17 3,15,71,926 2,43,19,947 2,17,530.83 Jan 21 to Mar 21 1,04,82,028 3,15,71,926 (2,10,89,898)

Karur Vysya Bank Ltd Oct 17 to Dec 17 6,74,51,041 9,29,77,300 8,31,639.53 Jan 21 to Mar 21 3,93,47,333 6,74,51,041 (2,81,03,708)

Karur Vysya Bank Ltd Jan 18 to Mar 18 1,39,93,111 - 1,38,064.66 Jan 21 to Mar 21 65,42,719 1,39,93,111 (74,50,392)

Karur Vysya Bank Ltd Jul 18 to Sep 18 - - 5,05,389.11 Jan 21 to Mar 21 2,38,94,298 - 2,38,94,298

Supreme Industries Limited Oct 16 to Dec 16 5,13,83,199 8,40,53,258 62,740.36 Oct 20 to Dec 20 10,70,69,194 8,40,53,258 2,30,15,936

Supreme Industries Limited Oct 16 to Dec 16 3,24,77,549 5,31,27,167 39,656.02 Jan 21 to Mar 21 6,98,71,633 5,31,27,167 1,67,44,466

Supreme Industries Limited Oct 17 to Dec 17 1,70,48,791 2,04,63,609 15,274.77 Jan 21 to Mar 21 2,74,65,224 2,04,63,609 70,01,615

VST Tillers Tractors

Jan 17 to Mar 17 22,05,37,453 28,72,30,124 1,20,697.60 Oct 20 to Dec 20 23,23,20,659 23,23,20,659 -
Limited
VST Tillers Tractors
Jan 17 to Mar 17 4,44,72,916 5,79,21,959 24,339.51 Jan 21 to Mar 21 4,66,51,455 4,66,81,837 (30,382)
Limited
VST Tillers Tractors
Apr 17 to Jun 17 1,75,43,837 2,18,89,783 9,198.35 Jan 21 to Mar 21 1,71,26,192 1,75,43,837 (4,17,645)
Limited
Shriram City Union
Apr 16 to May 16 16,86,91,585 22,85,93,156 1,10,484.85 Oct 20 to Dec 20 12,09,11,324 16,86,91,585 (4,77,80,261)
Finance Ltd
Shriram City Union
Apr 16 to May 16 9,13,45,586 12,37,81,965 59,826.95 Jan 21 to Mar 21 6,71,72,246 9,13,45,586 (2,41,73,340)
Finance Ltd
Shriram City Union
Jul 17 to Sep 17 22,15,52,278 21,92,06,167 1,05,947.88 Jan 21 to Mar 21 11,50,79,334 22,15,52,278 (10,64,72,944)
Finance Ltd
Shriram City Union
Jan 18 to Mar 18 11,43,61,413 5,69,04,386 56,988.00 Jan 21 to Mar 21 6,50,61,894 11,43,61,413 (4,92,99,519)
Finance Ltd

Kotak Investment Advisors Limited

(Corporate identity number U65990MH1994PLC077472)
Registered Office
27 BKC, 7th T +91 22 43360000
Bandra Kurla Complex www.Kotak.com
Bandra (East), Mumbai 400 051 India
 Cholamandalam Financial
Jul 17 to Sep 17 2,78,82,723 5,51,31,487 78,843.74 Oct 20 to Dec 20 4,21,11,987 4,21,11,987 -
Holdings Limited
Cholamandalam Financial
Jul 17 to Sep 17 26,05,86,817 36,35,24,510 5,19,877.74 Jan 21 to Mar 21 28,21,93,191 29,37,37,076 (1,15,43,885)
Holdings Limited
Cholamandalam Financial
Oct 17 to Dec 17 16,43,67,676 20,03,56,371 2,86,530.38 Jan 21 to Mar 21 14,74,95,288 16,43,67,676 (1,68,72,388)
Holdings Limited
Cholamandalam Financial
Apr 18 to Jun 18 7,81,44,265 - 1,19,582.49 Jan 21 to Mar 21 6,73,10,129 7,81,44,265 (1,08,34,136)
Holdings Limited

Surya Roshni Limited Apr 17 to Jun 17 20,66,44,775 31,68,65,035 7,65,004.92 Jan 21 to Mar 21 26,53,62,437 26,53,62,437 -

Surya Roshni Limited Jul 17 to Sep 17 2,87,97,613 4,19,92,981 1,01,383.34 Jan 21 to Mar 21 3,51,77,411 3,51,77,411 -

Surya Roshni Limited Oct 17 to Dec 17 55,88,488 75,23,190 18,163.18 Jan 21 to Mar 21 62,89,729 62,89,729 -

Thomas Cook India

Jan 18 to Mar 18 12,23,98,472 - 6,76,058.26 Oct 20 to Dec 20 3,02,55,009 12,23,98,472 (9,21,43,463)
Limited
Thomas Cook India
Jan 18 to Mar 18 29,51,98,141 - 15,73,677.16 Jan 21 to Mar 21 6,95,57,711 29,51,98,141 (22,56,40,430)
Limited
Thomas Cook India
Apr 18 to Jun 18 2,39,62,037 - 1,15,534.14 Jan 21 to Mar 21 52,21,092 2,39,62,037 (1,87,40,945)
Limited

Linde India Limited Oct 17 to Dec 17 2,58,63,101 3,10,23,123 56,709.85 Oct 20 to Dec 20 5,17,84,043 3,10,23,123 2,07,60,920

Linde India Limited Oct 17 to Dec 17 6,70,58,952 7,54,97,131 1,38,007.73 Jan 21 to Mar 21 13,60,31,675 7,54,97,131 6,05,34,544

Linde India Limited Jan 18 to Mar 18 9,94,68,323 - 2,06,977.30 Jan 21 to Mar 21 19,30,07,209 9,94,68,323 9,35,38,886

Linde India Limited Apr 18 to Jun 18 4,13,90,452 - 91,986.85 Jan 21 to Mar 21 8,33,12,518 4,13,90,452 4,19,22,066

CCL Products India Ltd. Oct 16 to Dec 16 13,03,32,299 15,50,13,686 5,20,704.35 Oct 20 to Dec 20 14,04,22,027 14,04,22,027 -

CCL Products India Ltd. Oct 16 to Dec 16 12,65,59,884 15,05,26,878 5,05,632.78 Jan 21 to Mar 21 12,52,29,834 12,68,51,413 (16,21,579)

CCL Products India Ltd. Jan 17 to Mar 17 6,14,22,574 7,31,12,756 2,45,592.06 Jan 21 to Mar 21 6,02,06,328 6,14,22,574 (12,16,246)

CCL Products India Ltd. Apr 17 to Jun 17 83,24,339 87,76,949 29,482.53 Jan 21 to Mar 21 72,89,318 83,24,339 (10,35,021)

CCL Products India Ltd. Jul 17 to Sep 17 4,98,85,482 5,35,11,426 1,79,749.49 Jan 21 to Mar 21 4,37,11,319 4,98,85,482 (61,74,163)

CCL Products India Ltd. Jan 18 to Mar 18 9,84,251 - 3,564.64 Jan 21 to Mar 21 8,19,665 9,84,251 (1,64,586)

Vardhman Textiles Limited Jan 18 to Mar 18 17,13,90,016 - 1,32,554.84 Oct 20 to Dec 20 11,34,41,559 17,13,90,016 (5,79,48,457)

Vardhman Textiles Limited Apr 18 to Jun 18 1,92,562 - 156.36 Oct 20 to Dec 20 1,38,192 1,92,562 (54,370)

Tube Investments of India

Jul 17 to Sep 17 13,11,31,294 10,09,28,038 3,75,266.92 Oct 20 to Dec 20 27,24,74,761 13,11,31,294 14,13,43,467
Limited
Tube Investments of India
Jan 18 to Mar 18 63,54,033 - 24,494.87 Oct 20 to Dec 20 2,06,15,246 63,54,033 1,42,61,213
Limited
Tube Investments of India
Apr 18 to Jun 18 32,46,424 - 13,660.52 Oct 20 to Dec 20 1,14,64,848 32,46,424 82,18,424
Limited
Tube Investments of India
Apr 18 to Jun 18 21,09,257 - 8,875.47 Jan 21 to Mar 21 73,83,826 21,09,257 52,74,569
Limited

Abbott India Limited Jan 18 to Mar 18 26,13,038 - 459.90 Oct 20 to Dec 20 71,19,824 26,13,038 45,06,786

Abbott India Limited Jan 18 to Mar 18 44,90,43,180 - 79,003.10 Jan 21 to Mar 21 1,17,30,87,798 44,90,43,180 72,40,44,618

Orient Electric Limited Jan 17 to Mar 17 4,08,07,628 - 13,92,314.61 Oct 20 to Dec 20 32,17,20,566 4,08,07,628 28,09,12,938

Orient Electric Limited Oct 17 to Dec 17 1,55,90,190 - 3,28,636.69 Oct 20 to Dec 20 7,54,79,189 1,55,90,190 5,98,88,999

Quess Corp Limited Jan 18 to Mar 18 6,87,27,015 - 2,11,578.54 Oct 20 to Dec 20 11,46,14,744 6,87,27,015 4,58,87,729

Quess Corp Limited Jan 18 to Mar 18 7,24,92,594 - 2,13,423.90 Jan 21 to Mar 21 11,38,43,094 7,24,92,594 4,13,50,500

Quess Corp Limited Apr 18 to Jun 18 81,03,495 - 21,825.55 Jan 21 to Mar 21 1,17,04,091 81,03,495 36,00,596

Kotak Investment Advisors Limited

(Corporate identity number U65990MH1994PLC077472)
Registered Office
27 BKC, 7th T +91 22 43360000
Bandra Kurla Complex www.Kotak.com
Bandra (East), Mumbai 400 051 India
 Total 5,34,90,50,793 4,12,95,41,888 1,62,65,231 7,66,84,63,456 5,60,81,32,175 2,06,03,31,281*

*Your pro-rata share of the Long term capital gain/(loss) is Rs.3,327,933. It has been arrived at by multiplying with your
beneficial interest of 0.1615% in Class A.

Kotak Investment Advisors Limited

(Corporate identity number U65990MH1994PLC077472)
Registered Office
27 BKC, 7th T +91 22 43360000
Bandra Kurla Complex www.Kotak.com
Bandra (East), Mumbai 400 051 India