Kotak MF Factsheet July 2021

FUND
FACT SHEET
July 31, 2021
Kotak Asset Allocator Fund

It’s an all-rounder
A fund that not only strategically allocates money across
various funds but also aims to optimize risk-adjusted returns.
KOTAK ASSET ALLOCATOR FUND

(An open-ended fund of fund scheme investing in specified open-ended equity, and debt Schemes of Kotak Mahindra Mutual Fund)
It is suitable for investors who are seeking*:

• Long term capital growth
• Investment in open-ended diversified equity schemes and debt schemes of Kotak Mahindra Mutual Fund
Investors understand that their principal
will be at high risk *Investors should consult their financial advisor if in doubt about whether the product is suitable for them.
The above riskometer is based on the scheme portfolio as on 30th June 2021. An addendum may be issued or updated on the website for new riskometer.
Past performance of the Sponsor/AMC/Fund does not indicate the schemes future performance. Risk Factors on page 76.
Mutual fund investments are subject to market risks, read all scheme related documents carefully.
INDEX
Contents Page no.
Market Overview 1
Equity Market Snapshot 2
Debt Market Snapshot 3
How to read Fact Sheet 4
Fund Name/Scheme Name New SEBI scheme category
Equity Funds
Kotak Flexicap Fund (Erstwhile Known As Kotak Standard Multicap Fund) Flexicap Fund 5
Kotak Emerging Equity Fund Mid Cap Fund 6
Kotak Equity Opportunities Fund Large & Mid Cap Fund 7
Kotak Small Cap Fund Small Cap Fund 8
Kotak Bluechip Fund Large Cap Fund 9
Kotak Focused Equity Fund Focused Fund 10
Kotak Tax Saver Fund ELSS 11
Kotak India EQ Contra Fund Contra Fund 12
Kotak Pioneer Fund Thematic 13
Kotak ESG Opportunities Fund 14
Kotak India Growth Fund Series 4 15
Kotak Infrastructure & Economic Reform Fund Sectoral/Thematic 16
Kotak India Growth Fund Series 7 17
Hybrid Funds
Kotak Equity Arbitrage Fund Arbitrage Fund 18
Kotak Balanced Advantage Fund Balanced Advantage 19
Kotak Equity Hybrid Fund Aggressive Hybrid Fund 20
Kotak Equity Savings Fund Equity Savings 22
Kotak Debt Hybrid Fund Conservative Hybrid Fund 23
Debt Funds
Kotak Overnight Fund Overnight Fund 25
Kotak Liquid Fund Liquid Fund 26
Kotak Money Market Fund Money Market Fund 27
Kotak Savings Fund Ultra Short Duration Fund 28
Kotak Low Duration Fund Low Duration Fund 30
Kotak Floating Rate Fund Floater Fund 32
Kotak Corporate Bond Fund Corporate Bond Fund 33
Kotak Banking & PSU Debt Fund Banking & PSU Fund 34
Kotak Bond Short Term Fund Short Duration Fund 36
Kotak Credit Risk Fund Credit Risk Fund 38
Kotak Medium Term Fund Medium Duration Fund 40
Kotak Dynamic Bond Fund Dynamic Bond 42
Kotak Bond Fund Medium to Long Duration Fund 43
Kotak Gilt Fund Gilt Fund 45
Exposure 46
Fund of Funds Scheme
Kotak Gold Fund FOF (Domestic) 48
Kotak Asset Allocator Fund FOF (Domestic) 49
Kotak Global Emerging Market Fund FOF (Overseas) 50
Kotak NASDAQ 100 FOF FOF (Overseas) 51
ETF Funds
Kotak Gold ETF ETF 52
Kotak Nifty ETF ETF 53
Kotak Sensex ETF ETF 54
Kotak Banking ETF ETF 55
Kotak PSU Bank ETF ETF 56
Kotak NV20 ETF ETF 57
Kotak IT ETF ETF 58
Kotak NIFTY Next 50 Index Fund 59
Kotak NIFTY 50 Index Fund 60
Scheme Performance 61
About Our Fund Managers 69
IDCW History 72
Risk Factors 75
Market Overview
Key Events for the Month of July 2021:
l Nifty (+0.3%) closed marginally higher after trading in a tight range during the month of July.
l While domestic Covid cases remained under control (sub-50k), delta-variant concerns led to a fall in markets globally, dragging Indian
markets too momentarily.
l China Tech regulatory issues led EM risk-off also weighed on India.
l Citing a slow recovery in consumer confidence because of the 2nd wave and a slow vaccination programme, the IMF cut India’s FY22
growth forecast to 9.5% from 12.5% estimated in April.
l Headline print for June at 6.26% was substantially below consensus, driven by weakness witnessed across core and food CPI. That said,
food ex vegetable inflation still rose to a 6m high of 6.6%, despite a favourable base.
l By July-end, ~39% of India’s districts received normal rainfall while ~34% received excess / large excess. Remaining ~27% received deficient /
large deficient, most of them in Rajasthan, Gujarat, UP & Odisha.
l FIIs again turned net sellers to the tune of -$1.9bn (after 2 months of net inflows) which was more than offset by DII buying (+$2.5bn), largely
by the domestic mutual funds who had their highest single monthly deployment in Jul’21 since Mar’20.
Market Valuation Indicators
NIFTY P/E (x) - 1 Year Forward Market Cap-to-GDP Ratio – Above Long Term
Average But Below Global Average Update
28
World Market Cap to GDP Ratio is 138%
23
20.5
Average of 77% for the period 104 104
Average: 18.0x
18 88 83
81 79 80
71 66 69
64
56
13
8
Jul-06
Jul-07
Jul-08
Jul-09
Jul-10
Jul-11
Jul-12
Jul-13
Jul-14
Jul-15
Jul-16
Jul-17
Jul-18
Jul-19
Jul-20
Jul-21
FY11
FY21
FY12
FY13
FY17
FY15
FY22E
FY19
FY16
FY20
FY18
FY14
Source: Motilal Oswal Source: Motilal Oswal

12-month forward Sensex P/E (x)
Market Equity Allocaion 55000
Exit
Bubble
5% - 10% 50000
Stretched 20x - 24x
Under Invest 45000
Stretched
15%- 25% Fair Value Plus 17x - 20x
Fair Value Neutral - 40000
Plus 35% - 45%
35000
Fair
Neutral Fair 13x - 17x
50%
30000
Neutral +
Attractive Attractive 10x - 13x
65% - 75% 25000
Cheap Over Invest

20000
80% - 90% Cheap 8x - 10x
Suggested equity allocation 15000
Oct-18
Jul-19
Oct-19
Jul-20
Apr-20
Oct-20
Jul-21
Aug-18
Sep-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Aug-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
May-20
Jun-20
Aug-20
Sep-20
Nov-20
Dec-20
Jan-21
Mar-21
Apr-21
May-21
Jun-21
(Assuming 50% equity

allocation as neutral)
Source: Axis Capital Internal Estimates
Strategy for Investments in the Current Scenario
STP/Short Term
STP/Long Term
1
Equity Market Snapshot
Sharp Economic Recovery In CY2021 And Steady Growth Thereon For Most Major Economies
Ÿ Notes: (a) Data for India is for March fiscal year-end; for example, 2018 in the table implies FY2019 for
India.
Source: IMF, Kotak Institutional Equities
Electricity Consumption +1% On 2-year CAGR Basis, The First Growth Since Late April
Source: POSOCO, Jefferies
Key Variables & their Impact On Equities

Key Variables Short - term Medium - term Remarks
Economy While Covid-19 impacts economy, there is likely to be sequential improvement as

Indian economy unlocks
While Covid-19 impacts corporate India, there is likely to be sequential

Corporate Earnings
improvement as Indian economy unlocks
FII Flow India stands out among global asset classes with prospects of strong long term
growth given favorable demographics
DII Flow Long runaway of growth in financialization of savings
Supply of paper Higher disinvestment target and repair of leveraged balance sheet to create
supply in markets
Policy/Reform Initiative Expect improved reform momentum
Signifies Growth
2
Debt Market Snapshot
Items Jul-21 Jun-21 1 Month Change Jul-20 1 yr Change

Reverse repo 3.35% 3.35% NIL 3.35% NIL
Repo 4.00% 4.00% NIL 4.00% NIL
CRR 4.00% 4.00% NIL 3.00% 100 bps
SLR 18.00% 18.00% NIL 18.00% NIL
Mibor Overnight 3.40% 3.36% 4 bps 3.86% -46 bps
Call ON 3.40% 3.25% 15 bps 3.48% - 8 bps
CBLO 3.39% 3.50% - 11 bps 3.10% 29 bps
1 yr TBILL 3.67% 3.88% -21 bps 3.46% 21 bps
10 Gsec 6.20% 6.05% 15 bps 5.78% 42 bps
5 Year AAA 6.12% 6.40% -28 bps 5.50% 62 bps
USD/INR `74.39 `74.35 -`0.04 `74.77 `0.388
Source: RBI; Bloomberg.
RBI May Maintain Easy Liquidity, Low Rates in The Near Future
India Banking Liquidity

2500
500
-1500
-3500
-5500
-7500
-6884.27
-9500
Jun-16
Aug-16
Oct-16
Dec-16
Feb-17
Apr-17
Jun-17
Aug-17
Oct-17
Dec-17
Feb-18
Apr-18
Jun-18
Aug-18
Oct-18
Dec-18
Feb-19
Apr-19
Jun-19
Aug-19
Oct-19
Dec-19
Feb-20
Apr-20
Jun-20
Aug-20
Oct-20
Dec-20
Feb-21
Apr-21
Jun-21
Ÿ RBI’s “Whatever it takes” measures are powerful -- a QE program – GSAP - worth an initial Rs. 1Trn, to tamp down buoyant yields, and a commitment to keep an accommodative policy stance as long as necessary.
Ÿ The explicit QE commitment means a reasonable liquidity surplus in the banking system will last into fiscal 2022. This should keep bank deposit and lending rates pinned their lowest levels in a decade.
Source: Bloomberg. GSAP – Government Securities Acquisition Program. Negative denotes surplus.
Sudden Surge in Headline CPI Inflation Despite Weak Demand in The Economy
Ÿ We believe central bank may not hasten to act and rush to the rate hike pedal. It is important to see how long these inflation
levels will sustain
Ÿ Over all inflation has made it tough for the RBI to keep low for longer.
8.00
6.30
7.00
6.00
5.00
4.00
3.00 6.26
2.00
1.00
0.00
Oct-17
Oct-18
Jun-17
Aug-17
Dec-17
Feb-18
Apr-18
Jun-18
Apr-19
Oct-19
Apr-20
Oct-20
Aug-18
Dec-18
Feb-19
Jun-19
Aug-19
Dec-19
Feb-20
Jun-20
Apr-21
Aug-20
Dec-20
Feb-21
Jun-21
We expect a prolonged pause in repo rate and accommodative stance from the MPC in FY22 while reverse repo may go up towards the end of year.
Source: Bloomberg; RBI, Internal Research,
Key Variables & their Impact On Interest Rates

Short - term Medium – term
Key Variables (3-6 months) (6months – 2 years) Remarks
Inflationary momentum has been broken and started receding. Upcoming data is also expected to be softer which
Inflation may give strength to the MPC to stay put on rates to boost growth.
Contrary to the month of June July was better with flows coming and relatively better trade data INR appreciated.
Rupee RBI has been accumulating FX on front foot and this has been adding to liquidity. Liquidity glut is expected to keep
front end of the curve much softer.
Second wave has put a question mark on recovery hence credit demand with fear of third wave sustained credit
Credit Demand recovery may take time to gain enough momentum to impact credit spreads. Having said that as the spread are
already compressed so there is no case for compression as well.
Govt announcing extra need for INR 1.58 tn to pay states has put extra pressure on the bond market however they
decided not to tap the market for the same immediately which was positive however market did not react on the
Government Borrowing positive surprise as it expected the amount to be adjusted in second half calendar if not then we may rally in rates in
H2. Overall curve is expected to flatten.
Given the impact of second wave still getting unfolded the RBI is expected to remain accommodative for more time
RBI Policy than previous envisaged. RBI has shown commitment in the past and there is no reason for taking the rates higher
in a hurry.
The rout is the global bond has halted for now as the second wave is posing a big threat. No additional visible risk
Global Event Risk for bonds in near term.
While some green shoots seen but on an overall basis the economy is still struggling. Short term spreads have seen
Corporate bond Spread decent compression, unlikely to compress further meaningfully.
We have seen some traction coming in near term with revival of flows from the FPI in debt. However its seems real
Debt FII flow flows will only be seen with index inclusion.
Despite very high liquidity, more than 1-year yield is moving higher as there is fear of RBI removing accommodative
Liquidity stance sooner than later. However we believe large part of the up move is done in 4-6 year curve.
Denotes fall in interest rates

4
3
How to read Fact Sheet
Fund Manager
An employee of the asset management company such as mutual fund or life insurer, who manages investments of the scheme. He is usually part of larger team of fund
managers and research analysts.
Application amount for fresh subscription
This is the minimum investment amount for a new investor in a mutual fund scheme
Minimum Additional Amount
This is the minimum investment amount for an existing investor in a mutual fund scheme
Yield to Maturity
The yield to maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond’s current
market price, par value, couple interest rate and time to maturity
SIP
SIP or systematic investment plan works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor
may opt for an SIP that invests Rs 500 every 15th of the month in an equity fund for a period of three years.
NAV
The NAV or net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every
business day. It is the value at which investors enter or exit the mutual fund
Benchmark
A group of securities , usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other
investments. Some typical benchmark include the Nifty, Sensex, BSE 200, BSE 500, 10-year Gsec
Entry Load
A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor /agent. Entry load is charged at the time an investor purchases
the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is Rs 100 and the entry load is 1%, the investor will
enter the fund at Rs 101.
Note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor directly to the
distributor, based on his assessment of various factors including the service rendered by the distributor.
Exit load
Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if
the NAV is RS 100and an exit load is 1%, the redemption price would be Rs. 99 per unit
Modified Duration
Modified duration is the price sensitivity and the percentage change in price for a unit change in yield.
Standard deviation
Standard deviation is statistical measure of the range of an investment’s performance. When a mutual fund has a high standard deviation, it means its range of performance
is wide, implying greater volatility.
Sharp Ratio
The Sharpe Ratio, named after its founder the Noble laureate William Sharpe, is measure of risk-adjusted returns. It is calculated using standard deviation and excess return to
determine reward per unit of risk.
Beta
Beta is a measure of an investment’s volatility vis-à-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1
implies that the security’s price will be more volatile than the market.
AUM
AUM or assets under management refers to the recent / updated cumulative market value of investments managed by Mutual fund or any investment firm.
Holdings
The holdings or the portfolio is a mutual fund’s latest or updated reported statement of investments/securities. These are usually displayed in terms of percentage to net
assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager.
Nature of Scheme
The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital
appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt
fund or income fund. Each of these categories may have sub-categories.
Rating Profile
Mutual funds invest in securities after evaluating their credit worthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their
rating becomes the rating profile of the fund. Typically, this is a feature of debt funds.
Macaulay Duration
Macaulay Duration is a measure of how long it takes for the price of a bond to be repaid by its internal cash flows. Macaulay Duration is used only for an instrument with fixed
cash flows. Modified Duration as the name suggests, is a modified version of the Macaulay model that accounts for changing interest rates.
Average Maturity
A bond's maturity date indicates the specific future date on which an investor gets his principal back i.e. the borrowed amount is repaid in full. Average Maturity is the
weighted average of all the current maturities of the debt securities held in the fund.
Standard Deviation
Standard deviation is a statistical tool that measures the deviation or dispersion of the data from the mean or average. When seen in mutual funds, it tells you how much the
return from your mutual fund portfolio is straying from the expected return, based on the fund's historical performance.
IDCW
IDCW stands for ‘Income Distribution cum Capital Withdrawal option’. The amounts can be distributed out of investors’ capital (Equalization Reserve), which is part of the
sale price that represents realized gains.
Note
For details on IDCW, please refer notice cum addendum dated March 27, 2021. In line with SEBI Circular no. SEBI/HO/IMD/DF3/CIR/P/2020/194 dated October 5, 2020,
nomenclature of IDCW plans / options has been rephrased w.e.f April 1, 2021.
P/E Ratio
The price-earnings ratio (P/E Ratio) is the relation between a company’s share price and earnings per share (EPS). It denotes what the market is willing to pay for a company’s
profits.
P/BV
The price-to-book ratio compares a company's market value to its book value. The market value of a company is its share price multiplied by the number of outstanding
shares.
IDCW Yield
The dividend yield is a financial ratio that shows how much a company pays out in dividends each year relative to its stock price.
Interest Rate Swap (IRS)
An interest rate swap is a forward contract in which one stream of future interest payments is exchanged for another based on a specified principal amount. Interest rate
swaps usually involve the exchange of a fixed interest rate for a floating rate, or vice versa, to reduce or increase exposure to fluctuations in interest rates.
4
Investment style
Value Blend Growth Size
KOTAK FLEXICAP FUND Large
(ERSTWHILE KNOWN AS KOTAK STANDARD MULTICAP FUND) Medium
Flexicap fund - An open-ended dynamic equity scheme investing across Small

large cap, mid cap, small cap stocks
Fund Manager: Mr. Harsha PORTFOLIO

Upadhyaya* Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net
AAUM: `36,739.20 crs Assets Assets
AUM: `37,096.52 crs Equity & Equity related Ferrous Metals 2.56
Benchmark: Nifty 200 TRI Banks 24.64 Jindal Steel & Power Ltd. 2.56
ICICI Bank Ltd. 8.28 Aerospace & Defense 2.49
Allotment date: September 11, 2009 HDFC Bank Ltd. 5.25 Bharat Electronics Ltd. 2.49
Folio count: 13,99,984 Axis Bank Ltd. 3.63 Auto 2.08
State Bank Of India 3.61 Hero MotoCorp Ltd. 1.12
Investment Objective AU Small Finance Bank Ltd. 2.37 Mahindra & Mahindra Ltd. 0.96
The investment objective of the scheme is Kotak Mahindra Bank Ltd. 1.03 Industrial Capital Goods 1.53
RBL Bank Ltd 0.47 Thermax Ltd. 1.20
to generate long-term capital appreciation BEML Ltd. 0.33
Software 11.22
from a portfolio of equity and equity related Infosys Ltd. 6.95 Leisure Services 1.32
securities, generally focused on a few Tata Consultancy Jubilant Foodworks Limited 1.32
selected sectors. However, there is no Services Ltd. 4.27 Finance 1.24
assurance that the objective of the scheme Cement & Cement Products 10.92 SBI Cards & Payment
will be realized. Ultratech Cement Ltd. 6.16 Services Pvt. Ltd. 1.24
The Ramco Cements Ltd 2.47 Power 0.94
Available Plans/Options Shree Cement Ltd. 2.29 Kec International Ltd. 0.94
A) Regular Plan B) Direct Plan Petroleum Products 5.99 Consumer Durables 0.93
Reliance Industries Ltd. 5.21 Bata India Ltd. 0.82
Options: Payout of IDCW, Reinvestment of Bharat Petroleum Whirlpool of India Ltd. 0.11
IDCW & Growth (applicable for all plans) Corporation Ltd. 0.78 Telecom - Services 0.91
Chemicals 4.69 Bharti Airtel Ltd 0.91
IDCW Frequency Textile Products 0.89
SRF Ltd. 4.20
Trustee’s Discretion Solar Industries Page Industries Ltd 0.89
Ratios India Limited 0.49 Industrial Products 0.59
Pharmaceuticals 4.03 AIA Engineering Limited. 0.59
Portfolio Turnover 9.51% Cadila Healthcare Ltd 1.97 Non - Ferrous Metals 0.54
Lupin Ltd. 1.04 Hindalco Industries Ltd 0.54
$
Beta 0.96 Cipla Ltd. 1.02 Retailing 0.47
$ Construction Project 4.01 Zomato Ltd. 0.47
Sharpe## 0.51 Larsen And Toubro Ltd. 4.01 Pesticides 0.40
$
21.54% Consumer Non Durables 3.88 Bayer Cropscience Ltd. 0.40
Standard Deviation Fertilisers 0.30
Hindustan Unilever Ltd. 2.26
(P/E) 31.78 United Breweries Ltd. 0.90 Coromandel
Godrej Consumer International Ltd. 0.30
P/BV 3.74 Products Ltd. 0.72 Equity & Equity
IDCW Yield 0.77 Gas 3.44 Related - Total 98.82
Petronet LNG Ltd. 1.82 Mutual Fund Units
Source: $ICRA MFI Explorer. Indraprastha Gas Ltd. 1.62 Liquid Scheme
Insurance 3.09 Direct Plan Growth 0.14
Minimum Investment Amount Mutual Fund Units - Total 0.14
ICICI Lombard General
Initial Investment: `5000 and in multiple of Insurance Company Ltd 1.47 Debt Instruments
`1 for purchase and of `0.01 for switches Max Financial Services Ltd. 0.94 Debentures and Bonds
Additional Investment: `1000 & in HDFC Life Insurance Corporate Debt/Financial
multiples of `1 Company Ltd. 0.68 Institutions
Ideal Investments Horizon: 5 years & above Auto Ancillaries 2.86 Britannia Industries Ltd. CRISIL AAA 0.01
Balkrishna Industries Ltd. 1.87 Corporate Debt/Financial
Load Structure MRF Limited 0.99 Institutions - Total 0.01
Entry Load: Nil. (applicable for all plans) Transportation 2.86 Triparty Repo 1.06
Exit Load: Inter Globe Aviation Ltd 1.51 Net Current Assets/
a) For redemption / switch out of upto 10% Container Corporation (Liabilities) -0.03
of India Ltd. 1.35 Grand Total 100.00
of the initial investment amount (limit)
purchased or switched in within 1 year from
the date of allotment: Nil. SECTOR ALLOCATION (%)
b) If units redeemed or switched out are in
excess of the limit within 1 year from the 28.97 11.21 10.91 9.44 4.94 4.81 4.69 4.61 4.04 4.01
date of allotment: 1%
c) If units are redeemed or switched out on Scheme
or after 1 year from the date of allotment:
NIL 2.89 4.93 1.27 5.20
Total Expense Ratio** 32.77 14.01 9.86 11.64 1.03 2.73

Regular: 1.59%; Direct: 0.66%
Benchmark
Data as on July 31, 2021 Financial Services Information Technology Cement & Cement Products Oil and Gas Automobile
Product Label Consumer Goods Chemicals Industrial Manufacturing Pharma Construction
Mod
Mod
erat
e erate
High ly SYSTEMATIC INVESTMENT PLAN (SIP)
er to
e
Systematic Investment Plan (SIP) If you had invested `10,000 every month
at
H
M Low
ig
h
od
Monthly SIP of (`) 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Very
Low
Total amount invested (`) 14,30,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
High
Low High
Total Value as on July 30, 2021 (`) 39,05,846 28,83,370 14,36,165 8,98,885 4,99,735 1,46,562
Investors understand that their principal will be at very high risk Scheme Returns (%) 15.81 16.72 15.07 16.20 22.57 43.88
This product is suitable for investors who are seeking*:
• Long term capital growth Nifty 200 (TRI) Returns (%) 13.72 14.86 14.98 17.06 23.71 43.62
• Investment Portfolio of predominantly equity & equity
related securities generally focused on a few selected Alpha 2.09 1.86 0.08 -0.86 -1.14 0.26
sectors across market capitalisation.
* Investors should consult their financial advisors if in Nifty 200 (TRI) (`)# 34,04,374 26,09,749 14,31,875 9,17,926 5,07,627 1,46,410
doubt about whether the product is suitable for them.
Nifty 50 (TRI) (`)^ 33,02,564 25,29,221 14,17,214 9,14,031 4,97,091 1,43,246
Nifty 50 (TRI) Returns (%) 13.26 14.28 14.70 16.88 22.18 38.15
Scheme Inception : - September 11, 2009. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and
final value and a series of cash inflows and outflows and taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception.
# Benchmark ; ^ Additional Benchmark
TRI – Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI).
Alpha is difference of scheme return with benchmark return.
Kotak Flexicap Fund (Erstwhile Known As Kotak Standard Multicap Fund) NAV as on July 31, 2021: `29.9900 (Reg-Plan-IDCW), `32.9790 (Dir-Plan-IDCW), `49.6650 (Growth Option), `54.0010 (Direct Growth
Option)
*For Fund Manager experience, please refer page 69-71. ## Risk rate assumed to be 3.40% (FBIL Overnight MIBOR rate as on 30th July 2021).**Total Expense Ratio includes applicable B30 fee and GST.1
For last three IDCW, please refer page no 72-74. For scheme performance, please refer page no 61-68.
5
Investment style
KOTAK EMERGING EQUITY FUND Large
Medium
Mid cap fund - An open-ended equity scheme predominantly investing in mid cap stocks Small
Fund Manager: Mr. Pankaj Tibrewal* PORTFOLIO

AAUM: `14,631.53 crs Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net
AUM: `15,193.40 crs Assets Assets
Benchmark: Nifty Midcap 100 TRI Equity & Equity related Consumer Non Durables 3.91
Allotment date: March 30, 2007 Industrial Products 12.82 Emami Ltd. 1.89
Supreme Industries Limited 4.69 Tata Consumer Products Ltd 1.13
Folio count: 6,22,268 Schaeffler India Ltd 3.50 Godrej Agrovet Ltd. 0.89
SKF India Ltd 2.43 Textile Products 3.85
Investment Objective Cummins India Ltd. 2.07 Lux Industries Limited 2.04
The investment objective of the scheme is Finolex Cables Ltd. 0.13 Page Industries Ltd 1.59
to generate long-term capital appreciation Consumer Durables 10.23 Kewal Kiran Clothing Limited. 0.22
from a portfolio of equity and equity related Sheela Foam Ltd 2.48 Software 3.66
securities, by investing predominantly in Kajaria Ceramics Ltd. 1.91 Persistent Systems Limited 3.66
mid companies. The scheme may also invest Voltas Ltd. 1.81 Fertilisers 3.63
in debt and money market instruments, as Bata India Ltd. 1.67 Coromandel International Ltd. 3.63
per the asset allocation table. There is no Amber Enterprises India Ltd. 0.88 Finance 3.20
V-Guard Industries Ltd. 0.79 Sundaram Finance Ltd. 1.48
assurance that the investment objective of Mahindra & Mahindra
Blue Star Ltd. 0.69
the scheme will be achieved. Financial Services Ltd. 0.94
Banks 7.84
Available Plans/Options AU Small Finance Bank Ltd. 1.87 Shriram City Union
A) Regular Plan B) Direct Plan ICICI Bank Ltd. 1.45 Finance Ltd. 0.78
State Bank Of India 1.42 Industrial Capital Goods 2.93
Options: Payout of IDCW, Reinvestment of Federal Bank Ltd. 1.40 Thermax Ltd. 2.71
IDCW & Growth (applicable for all plans) City Union Bank Ltd. 0.73 BEML Ltd. 0.22
Axis Bank Ltd. 0.58 Construction 2.66
IDCW Frequency RBL Bank Ltd 0.39 Oberoi Realty Ltd 2.24
Trustee’s Discretion Cement & Cement Products 6.52 PNC Infratech Ltd 0.42
Ratios The Ramco Cements Ltd 3.12 Pesticides 2.66
JK Cement Ltd. 2.70 P I Industries Ltd 2.66
Portfolio Turnover 10.49% Shree Cement Ltd. 0.70 Aerospace & Defense 2.27
Chemicals 6.52 Bharat Electronics Ltd. 2.27
$
Beta 0.89 Atul Ltd. 2.50 Insurance 1.74
$ Solar Industries India Limited 2.04 Max Financial Services Ltd. 1.74
Sharpe## 0.72 Healthcare Services 1.62
SRF Ltd. 1.98
$
Standard Deviation 25.50% Pharmaceuticals 6.16 Apollo Hospitals Enterprises Ltd. 1.62
Torrent Pharmaceuticals Ltd. 1.56 Gas 1.60
(P/E) 31.55 Cadila Healthcare Ltd 1.51 Gujarat State Petronet Ltd. 0.81
P/BV 4.45 Ipca Laboratories Ltd. 1.04 Gujarat Gas Ltd. 0.79
Laurus Labs Ltd 0.84 Household Appliances 0.73
IDCW Yield 0.63 Alkem Laboratories Ltd. 0.68 Hawkins Cooker Ltd 0.73
Source: $ICRA MFI Explorer. Eris Lifesciences Ltd. 0.43 Petroleum Products 0.65
Gland Pharma Limited 0.10 Hindustan Petroleum
Minimum Investment Amount Auto Ancillaries 4.88 Corporation Ltd 0.65
Initial Investment: `5000 and in multiple of Balkrishna Industries Ltd. 1.28 Power 0.52
`1 for purchase and for `0.01 for switches MRF Limited 1.08 Kalpataru Power
Additional Investment: `1000 & in Exide Industries Ltd 0.82 Transmission Ltd. 0.52
multiples of `1 Motherson Sumi Systems Ltd. 0.70 Printing & Publication 0.08
Amara Raja Batteries Ltd. 0.66 Navneet Education Ltd. 0.08
Ideal Investments Horizon: 5 years & above Equity & Equity
WABCO India Ltd. 0.34
Load Structure Ferrous Metals 4.77 Related - Total 95.45
Entry Load: Nil. (applicable for all plans) APL Apollo Tubes Ltd. 1.74 Triparty Repo 4.56
Exit Load: Jindal Steel & Power Ltd. 1.62 Net Current Assets/
a) For redemption / switch out of upto 10% Ratnamani Metals & (Liabilities) -0.01
of the initial investment amount (limit) Tubes Ltd. 1.41 Grand Total 100.00
purchased or switched in within 1 year from Note: Large Cap, Midcap, Small cap and Debt and Money Market stocks as a % age of Net Assets: 10.77%, 69.54%, 15.14% & 4.55.
the date of allotment: Nil.
b) If units redeemed or switched out are in SECTOR ALLOCATION (%)
excess of the limit within 1 year from the 18.05 14.15 12.79 6.53 6.53 6.30 6.16 4.88 4.78 4.47
c) If units are redeemed or switched out on Scheme
NIL 6.68 2.83 7.21
Total Expense Ratio** 6.33 9.76 22.69 2.57 6.98 3.77
Benchmark
Data as on July 31, 2021 Industrial Manufacturing Consumer Goods Financial Services Chemicals Cement & Cement Products
Fertilisers & Pesticides Pharma Automobile Metals Cash & Cash Equivalent
Product Label
SYSTEMATIC INVESTMENT PLAN (SIP)
Mod
erate
rate
Mod
e High ly Systematic Investment Plan (SIP) If you had invested `10,000 every month
er to
e
at
H
M Low
ig
h
od
Very
Low
High
Low High Scheme Returns (%) 18.46 21.66 20.02 22.94 36.86 77.18
Investors understand that their principal will be at very high risk Nifty Midcap 100 (TRI) Returns (%) 15.42 17.32 16.89 19.50 33.41 74.65
• Long term capital growth Alpha 3.04 4.34 3.13 3.44 3.45 2.53
• Investment in equity & equity related securities
predominantly in mid cap companies. Nifty Midcap 100 (TRI) (`)# 58,10,231 29,77,953 15,32,872 9,74,229 5,78,111 1,63,751
* Investors should consult their financial advisors if in
doubt about whether the product is suitable for them. Nifty 50 (TRI) (`)^ 46,69,610 25,29,930 14,17,201 9,14,031 4,97,091 1,43,246
Scheme Inception : - March 30, 2007. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and
final value and a series of cash inflows and outflows and taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of
inception. # Benchmark ; ^ Additional Benchmark
Kotak Emerging Equity Fund NAV as on July 31, 2021: `37.1620 (Reg-Plan-IDCW), `44.5800 (Dir-Plan-IDCW), `67.6620 (Growth Option), `74.8230 (Direct Growth Option)
*For Fund Manager experience, please refer page 69-71. ## Risk rate assumed to be 3.40% (FBIL Overnight MIBOR rate as on 30th July 2021).**Total Expense Ratio includes applicable B30 fee and GST.
7
6
Investment style
KOTAK EQUITY OPPORTUNITIES FUND Large
Medium
Large & mid cap fund - An open-ended equity scheme investing in both large cap and mid cap stocks Small

Upadhyaya*
Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net
AUM: `7,311.33 crs
Equity & Equity related Coromandel International Ltd. 3.08
Benchmark: Nifty 200 TRI Banks 17.69 Ferrous Metals 3.07
Allotment date: September 9, 2004 ICICI Bank Ltd. 6.16 Jindal Steel & Power Ltd. 3.07
State Bank Of India 5.14 Finance 2.91
Folio count: 2,49,056 HDFC Bank Ltd. 2.93 HDFC Ltd. 2.34
Axis Bank Ltd. 2.04 Cholamandalam Financial
Investment Objective AU Small Finance Bank Ltd. 1.42 Holdings Ltd. 0.57
Cement & Cement Products 7.89 Insurance 2.70
The investment objective of the scheme is JK Cement Ltd. 2.30 Max Financial Services Ltd. 2.00
to generate capital appreciation from a Ultratech Cement Ltd. 2.19 HDFC Life Insurance
diversified portfolio of equity and equity The Ramco Cements Ltd 1.57 Company Ltd. 0.70
related securities. The scheme will invest Shree Cement Ltd. 1.35 Petroleum Products 2.64
predominantly in a mix of large and mid cap Dalmia Bharat Limited 0.48 Reliance Industries Ltd. 2.64
stocks from various sectors, which look Software 7.88 Aerospace & Defense 2.27
promising, based on the growth pattern in Infosys Ltd. 4.85 Bharat Electronics Ltd. 2.27
the economy. There is no assurance that the Tata Consultancy Services Ltd. 3.03 Healthcare Services 2.19
Industrial Products 6.92 DR.Lal Pathlabs Ltd. 2.19
investment objective of the scheme will be Telecom - Services 1.61
Bharat Forge Ltd. 1.53
achieved. AIA Engineering Limited. 1.27 Bharti Airtel Ltd 1.61
Available Plans/Options Cummins India Ltd. 1.17 Auto Ancillaries 1.60
A) Regular Plan B) Direct Plan Schaeffler India Ltd 1.17 Balkrishna Industries Ltd. 1.60
Options: Payout of IDCW, Reinvestment of Supreme Industries Limited 1.01 Consumer Non Durables 1.33
IDCW & Growth (applicable for all plans) Polycab India Ltd. 0.77 Hindustan Unilever Ltd. 1.13
Chemicals 5.35 United Breweries Ltd. 0.20
IDCW Frequency Leisure Services 1.29
SRF Ltd. 3.67
Trustee’s Discretion Linde India Ltd. 1.68 Jubilant Foodworks Limited 1.29
Ratios Construction Project 4.94 Textile Products 1.29
Larsen And Toubro Ltd. 4.16 Page Industries Ltd 1.29
Portfolio Turnover 14.85% Non - Ferrous Metals 1.28
Techno Electric & Engineering
$
Beta 0.93 Company Limited 0.78 Hindalco Industries Ltd 1.28
Pharmaceuticals 4.85 Power 0.93
$
Sharpe ## 0.65 Cipla Ltd. 1.89 Kalpataru Power
$ Dr Reddys Laboratories Ltd. 1.77 Transmission Ltd. 0.93
Standard Deviation 21.32% Gland Pharma Limited 1.19 Auto 0.76
Gas 4.84 Hero MotoCorp Ltd. 0.76
(P/E) 30.60 Retailing 0.17
Gujarat State Petronet Ltd. 2.50
P/BV 3.82 Indraprastha Gas Ltd. 1.30 Zomato Ltd. 0.17
IDCW Yield 0.74 Petronet LNG Ltd. 1.04 Equity & Equity
Consumer Durables 3.13 Related - Total 95.71
Source: $ICRA MFI Explorer. Blue Star Ltd. 1.33 Mutual Fund Units
Minimum Investment Amount Bata India Ltd. 0.94 Liquid Scheme Direct
Initial Investment: `5000 and in multiple of V-Guard Industries Ltd. 0.86 Plan Growth 0.14
`1 for purchase and for `0.01 for switches Industrial Capital Goods 3.10 Mutual Fund Units - Total 0.14
Thermax Ltd. 1.65 Triparty Repo 4.43
Additional Investment: `1000 & in Net Current Assets/
ABB India Ltd. 0.96
multiples of `1 BEML Ltd. 0.49 (Liabilities) -0.28
Ideal Investments Horizon: 5 years & above Fertilisers 3.08 Grand Total 100.00
Load Structure
Note: Large Cap, Midcap, Small cap and Debt and Money Market stocks as a % age of Net Assets: 48.45%, 42.13%, 5.13% & 4.29.
Entry Load: Nil. (applicable for all plans)
Exit Load: SECTOR ALLOCATION (%)
a) For redemption / switch out of upto 10%
of the initial investment amount (limit) 23.31 12.30 7.90 7.89 7.49 5.36 4.94 4.86 4.46 4.35
the date of allotment: Nil. Scheme
excess of the limit within 1 year from the 32.77 2.89 9.86 2.73 11.64
date of allotment: 1% 1.03 14.01 1.27 5.20 4.57
c) If units are redeemed or switched out on
or after 1 year from the date of allotment: Benchmark
NIL
Total Expense Ratio** Financial Services Industrial Manufacturing Cement & Cement Products Information Technology Oil and Gas
Chemicals Construction Pharma Consumer Goods Metals
Data as on July 31, 2021

Product Label SYSTEMATIC INVESTMENT PLAN (SIP)
Mod
erat
e erate
High ly
Mod
er to
e
at
H
M Low
ig
h
od
Very
Scheme Returns (%) 15.62 16.97 16.54 18.65 27.48 52.19

Low
H
igh
Low High
Investors understand that their principal will be at very high risk
Alpha 2.24 2.10 1.55 1.60 3.78 8.57
This product is suitable for investors who are seeking*: Nifty 200 (TRI) (`)# 70,72,990 26,09,749 14,31,875 9,17,926 5,07,627 1,46,410
• Investment in portfolio of predominantly equity & Nifty 50 (TRI) (`)^ 69,26,715 25,29,221 14,17,214 9,14,031 4,97,091 1,43,246
equity related securities of large & midcap companies.
* Investors should consult their financial advisors if in doubt Nifty 50 (TRI) Returns (%) 13.16 14.28 14.70 16.88 22.18 38.15
about whether the product is suitable for them.
Scheme Inception : - September 09, 2004. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial
and final value and a series of cash inflows and outflows and taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of
inception. # Benchmark ; ^ Additional Benchmark TRI - Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index
instead of Price Return Variant (PRI).
Kotak Equity Opportunities Fund NAV as on July 31, 2021: `32.1190 (Reg-Plan-IDCW), `35.6260 (Dir-Plan-IDCW), `184.1060 (Growth Option), `201.8930 (Direct Growth Option)
7 7
Investment style
KOTAK SMALL CAP FUND Large
Medium
Small cap fund - An open-ended equity scheme predominantly investing in small cap stocks Small
Fund Manager: Mr. Pankaj Tibrewal* PORTFOLIO

AAUM: `5,091.52 crs
Benchmark: NIFTY Smallcap
Equity & Equity related G R Infraprojects Limited 0.16
100 TRI Consumer Durables 24.51 Industrial Capital Goods 2.31
Allotment date: February 24, 2005 Century Plyboards (India) Ltd. 4.63 BEML Ltd. 1.37
Folio count: 2,38,935 Sheela Foam Ltd 3.61 Thermax Ltd. 0.94
Blue Star Ltd. 2.99 Household Appliances 2.14
Investment Objective Somany Ceramics Ltd. 2.84 Hawkins Cooker Ltd 2.14
Amber Enterprises India Ltd. 2.46 Pesticides 2.06
The investment objective of the scheme is to V-Guard Industries Ltd. 2.16 P I Industries Ltd 1.07
generate capital appreciation from a Orient Electric Ltd. 1.90 Dhanuka Agritech Ltd. 0.99
diversified portfolio of equity and equity Dixon Technologies India Ltd. 1.50 Pharmaceuticals 1.92
related securities by investing predominantly Kajaria Ceramics Ltd. 1.22 Laurus Labs Ltd 0.86
in small cap companies. VIP Industries Ltd. 1.20 Cadila Healthcare Ltd 0.58
Industrial Products 12.20 Torrent Pharmaceuticals Ltd. 0.48
There is no assurance that the investment Carborundum Universal Ltd. 3.71 Consumer Non Durables 1.89
objective of the Scheme will be achieved Nilkamal Ltd 2.47 Prataap Snacks Ltd 1.17
Supreme Industries Limited 2.42 Heritage Foods Ltd 0.72
Available Plans/Options Schaeffler India Ltd 1.30 Construction Project 1.83
A) Regular Plan B) Direct Plan Apollo Pipes Ltd. 1.09 Techno Electric & Engineering
WPIL Ltd 0.61 Company Limited 1.83
Options: Payout of IDCW, Reinvestment of Finolex Cables Ltd. 0.42
IDCW & Growth (applicable for all plans) Finance 1.83
Rolex Rings Ltd. 0.18 Shriram City Union Finance Ltd. 0.90
Chemicals 8.28 Aavas Financiers Ltd. 0.59
IDCW Frequency Galaxy Surfactants Ltd. 3.03
Trustee’s Discretion Mahindra & Mahindra
Laxmi Organic Industries Limited 1.88 Financial Services Ltd. 0.34
Solar Industries India Limited 1.64 Auto Ancillaries 1.68
Ratios Atul Ltd. 1.06 Sandhar Technologies Ltd. 0.97
Alkyl Amines Chemicals Ltd. 0.39 Varroc Engineering Ltd. 0.43
Portfolio Turnover 15.25% Clean Science and Motherson Sumi Systems Ltd. 0.28
$
0.83 Technology Ltd 0.28 Retailing 1.55
Beta Ferrous Metals 6.44 V-Mart Retail Ltd. 0.90
$
Sharpe## 0.85 Ratnamani Metals & Tubes Ltd. 2.96 Shoppers Stop Ltd. 0.65
Shyam Metalics and Energy Ltd 1.76 Auto 1.34
$
Standard Deviation 28.71% APL Apollo Tubes Ltd. 1.72 V.S.T Tillers Tractors Ltd 1.34
Software 6.25 Fertilisers 0.75
(P/E) 41.69 Persistent Systems Limited 3.18
Cyient Ltd. 2.50 Coromandel International Ltd. 0.75
P/BV 4.87 Happiest Minds Oil 0.46
Technologies Limited 0.57 Hindustan Oil Exploration
IDCW Yield 0.48 Company Ltd. 0.46
Textile Products 3.48
Source: $ICRA MFI Explorer. Lux Industries Limited 3.18 Leisure Services 0.36
Kewal Kiran Clothing Limited. 0.30 Barbeque Nation Hospitality Ltd. 0.36
Minimum Investment Amount Cement & Cement Products 3.28 Aerospace & Defense 0.34
Initial Investment: `5000 and in multiple of JK Cement Ltd. 2.19 MTAR Technologies Ltd. 0.34
`1 for purchase and for `0.01 for switches The Ramco Cements Ltd 1.09 Capital Markets 0.23
Transportation 2.59 UTI Asset Management
Additional Investment: `1000 & in multiples Company Ltd 0.23
Blue Dart Express Ltd. 1.72
of `1 Great Eastern Shipping Entertainment 0.21
Ideal Investments Horizon: 5 years & above Company Ltd 0.87 Nazara Technologies Ltd. 0.21
Banks 2.58 Textiles - Synthetic 0.13
Load Structure ICICI Bank Ltd. 1.38 Garware Technical Fibres Ltd. 0.13
Entry Load: Nil. (applicable for all plans) AU Small Finance Bank Ltd. 1.05 Equity & Equity
Exit Load: RBL Bank Ltd 0.15 Related - Total 93.15
a) For redemption / switch out of upto 10% Construction 2.51 Triparty Repo 6.16
of the initial investment amount (limit) Mahindra Lifespace Net Current Assets/
Developers Ltd 1.21 (Liabilities) 0.69
purchased or switched in within 1 year from JMC Projects (India) Ltd. 1.14 Grand Total 100.00
b) If units redeemed or switched out are in Note: Large Cap, Midcap, Small cap and Debt and Money Market stocks as a % age of Net Assets: 2.72%, 25.18%, 65.25% & 6.85.
excess of the limit within 1 year from the date
of allotment: 1%
SECTOR ALLOCATION (%)
c) If units are redeemed or switched out on or
after 1 year from the date of allotment: NIL 23.61 14.70 8.28 7.20 6.66 6.45 6.26 4.73 4.65 3.63
Total Expense Ratio** Scheme
7.29 4.04 13.12 18.15
12.66 6.23 6.19 4.28 3.25
Benchmark
Consumer Goods Industrial Manufacturing Chemicals Construction Cash & Cash Equivalent
Data as on July 31, 2021 Metals Information Technology Services Financial Services Textiles

Mod
e erate
Mod
erat High ly Monthly SIP of (`) 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
er to
Total amount invested (`)

e
19,80,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000

at
H
M Low
ig
h
od
Total Value as on July 30, 2021 (`) 1,06,79,302 39,91,711 19,29,323 12,16,392 7,11,257 1,82,855
Very
Scheme Returns (%) 18.20 22.75 23.38 28.75 49.78 110.72

Low
H
igh
Nifty Smallcap 100 (TRI) Returns (%) 12.86 15.94 16.50 20.67 40.98 108.02
Low High
Investors understand that their principal will be at very high risk Alpha 5.33 6.80 6.87 8.08 8.80 2.69
This product is suitable for investors who are seeking*: Nifty Smallcap 100 (TRI) (`)# 63,42,198 27,65,448 15,11,386 10,02,356 6,37,401 1,81,461
• Investment in equity & equity related securities Nifty 50 (TRI) (`)^
predominantly in small cap Stocks.
63,99,690 25,29,221 14,17,214 9,14,031 4,97,091 1,43,246
doubt about whether the product is suitable for them. Nifty 50 (TRI) Returns (%) 12.96 14.28 14.70 16.88 22.18 38.15
Scheme Inception : - February 24,2005. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and
Kotak Small Cap Fund as on July 31, 2021: `65.1800 (Reg-Plan-IDCW), `73.2210 (Dir-Plan-IDCW), `149.4040 (Growth Option), `166.7010 (Direct Growth Option)
For7last three IDCW, please refer page no 72-74. For scheme performance, please refer page no 61-68.
8
Investment style
KOTAK BLUECHIP FUND Large
Medium
Large cap fund - An open-ended equity scheme predominantly investing in large cap stocks Small
Fund Manager: Mr. Harish Krishnan* PORTFOLIO

AAUM: `2,879.76 crs
Benchmark: NIFTY 50 TRI
Equity & Equity related Max Financial Services Ltd. 0.76
Allotment date: December 29, 1998 Banks 21.26 Telecom - Services 3.13
Folio count: 1,61,601 ICICI Bank Ltd. 7.71 Bharti Airtel Ltd 3.13
HDFC Bank Ltd. 6.90 Consumer Durables 3.07
Axis Bank Ltd. 2.79 Titan Company Ltd. 1.31
Investment Objective Kotak Mahindra Bank Ltd. 2.25 Bata India Ltd. 0.96
To generate capital appreciation from a State Bank Of India 0.95 V-Guard Industries Ltd. 0.80
portfolio of predominantly equity and AU Small Finance Bank Ltd. 0.66 Gas 2.55
equity related securities falling under the Software 14.92 Indraprastha Gas Ltd. 0.95
category of large cap companies. There is Infosys Ltd. 7.49 Gujarat State Petronet Ltd. 0.87
no assurance that the investment objective Tata Consultancy Services Ltd. 4.19 Gujarat Gas Ltd. 0.73
of the scheme will be achieved. Persistent Systems Limited 2.64 Transportation 2.36
Wipro Ltd. 0.60 Indian Railway Catering And
Available Plans/Options Petroleum Products 7.86 Tourism Corporation Ltd. 1.27
A) Regular Plan B) Direct Plan Reliance Industries Ltd. 6.46 Container Corporation
Reliance Industries Ltd - of India Ltd. 1.09
Options: Payout of IDCW, Reinvestment of Partly Paid Shares 0.72 Industrial Products 2.09
IDCW & Growth (applicable for all plans) Bharat Petroleum Schaeffler India Ltd 1.17
Corporation Ltd. 0.68 Bharat Forge Ltd. 0.92
IDCW Frequency Consumer Non Durables 7.15 Leisure Services 1.41
Trustee’s Discretion Hindustan Unilever Ltd. 3.17 Jubilant Foodworks Limited 1.41
ITC Ltd. 1.67 Construction 1.16
Ratios Godrej Consumer Products Ltd. 1.34 Mahindra Lifespace
United Breweries Ltd. 0.97 Developers Ltd 0.59
Portfolio Turnover 21.96% Finance 5.99 Oberoi Realty Ltd 0.57
$
HDFC Ltd. 2.61 Retailing 1.04
Beta 0.96 Bajaj Finance Ltd. 1.69 Avenue Supermarts Ltd. 0.95
$ SBI Cards & Payment Zomato Ltd. 0.09
Sharpe## 0.56 Services Pvt. Ltd. 1.69 Fertilisers 1.00
$
Standard Deviation 21.18% Auto 4.59 Coromandel International Ltd. 1.00
Maruti Suzuki India Limited 2.72 Auto Ancillaries 0.95
(P/E) 39.48 Mahindra & Mahindra Ltd. 1.01 Motherson Sumi Systems Ltd. 0.95
Eicher Motors Ltd. 0.86 Chemicals 0.89
P/BV 4.33 Pharmaceuticals 4.08 Solar Industries India Limited 0.87
IDCW Yield 0.73 Gland Pharma Limited 1.37 Clean Science and
Dr Reddys Laboratories Ltd. 1.36 Technology Ltd 0.02
Source:$ICRA MFI Explorer. Cadila Healthcare Ltd 1.35 Non - Ferrous Metals 0.76
Cement & Cement Products 3.48 Hindalco Industries Ltd 0.76
Minimum Investment Amount Ultratech Cement Ltd. 1.68 Textile Products 0.53
Initial Investment: `1000 and in multiple of Shree Cement Ltd. 1.06 Page Industries Ltd 0.53
`1 for purchase and for `0.01 for switches The Ramco Cements Ltd 0.74 Equity & Equity
Additional Investment: `1000 & in multiples Construction Project 3.26 Related - Total 96.67
Larsen And Toubro Ltd. 3.26 Futures
of `1 Insurance 3.14 CNX BANK INDEX-AUG2021 1.18
Ideal Investments Horizon: 5 years & above HDFC Life Insurance Triparty Repo 3.14
Load Structure Company Ltd. 1.24 Net Current Assets/
ICICI Lombard General (Liabilities) 0.19
Entry Load: Nil. (applicable for all plans) Insurance Company Ltd 1.14 Grand Total 100.00
Exit Load:
a) For redemption / switch out of upto 10% Term Deposit as provided above is towards margin for derivatives transactions
of the initial investment amount (limit) Equity Derivative Exposuer is 1.18%
Note: Large Cap, Midcap, Small cap and Debt and Money Market stocks as a % age of Net Assets: 79.65%, 16.7%, 1.5% & 2.15.
excess of the limit within 1 year from the 10.42 5.55 4.08 3.13
c) If units are redeemed or switched out on 30.42 14.93 10.24 4.43 3.48 2.45
Scheme
NIL
10.85 2.83 2.71
Total Expense Ratio**
Regular: 2.10%; Direct: 0.87% 37.17 17.54 11.24 4.94 3.66 1.94
Benchmark
Financial Services Information Technology Oil and Gas Consumer Goods Automobile Construction
Data as on July 31, 2021 Pharma Cement & Cement Products Telecom Consumer Services

Mod
e erate
erat High ly
Mod Monthly SIP of (`) 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
er to
e
at
H
M Low
ig
h
od
Total Value as on July 30, 2021 (`) 1,11,38,051 26,01,874 14,18,774 9,21,272 5,14,720 1,46,611
Very
Low
Scheme Returns (%) 15.44 14.81 14.72 17.21 24.73 44.05

High
Low High Nifty 50 (TRI) Returns (%) 14.23 14.28 14.69 16.89 22.20 38.50
Investors understand that their principal will be at very high risk Alpha 1.21 0.52 0.03 0.32 2.53 5.54
• Long term capital growth Nifty 50 (TRI) (`)# 97,28,864 25,29,930 14,17,201 9,14,084 4,97,205 1,43,413
• Investment in portfolio of predominantly equity & equity
related securities of large cap companies S&P BSE SENSEX (TRI) (`)^ 98,71,333 25,56,335 14,28,880 9,20,546 4,92,545 1,41,426
* Investors should consult their financial advisors if in doubt
about whether the product is suitable for them. S&P BSE SENSEX (TRI) Returns (%) 14.36 14.48 14.92 17.18 21.52 35.09
Scheme Inception : - December 29, 1998. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial
As TRI data is not available since inception of the scheme, benchmark SIP Performance is calculated by taking S&P BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007.
Alpha is difference of scheme return with benchmark return
Kotak Bluechip Fund NAV as on July 31, 2021: `44.6280 (Reg-Plan-IDCW), `50.1270 (Dir-Plan-IDCW), `345.7310 (Growth Option), `379.0220 (Direct Growth Option)
9
Investment style
KOTAK FOCUSED EQUITY FUND Large
Medium
An open ended equity scheme investing in maximum 30 stocks Small
in large-cap, mid-cap and small-cap category
Fund Manager: Ms. Shibani Kurian & PORTFOLIO

Mr. Harish Krishnan*
AAUM: `2,043.79 crs
Assets Assets
AUM: `2,062.19 crs
Equity & Equity related Larsen And Toubro Ltd. 4.29
Benchmark: Nifty 200 TRI
Banks 23.22 Finance 4.24
Allotment date: July 16, 2019
ICICI Bank Ltd. 8.98 SBI Cards & Payment
Folio count: 77,308
HDFC Bank Ltd. 6.16 Services Pvt. Ltd. 2.47
Investment Objective State Bank Of India 5.83 Aavas Financiers Ltd. 1.77
The investment objective of the scheme is AU Small Finance Bank Ltd. 2.25 Chemicals 3.62
to generate long-term capital appreciation/ Software 11.97 SRF Ltd. 3.62
income by investing in equity & equity Infosys Ltd. 8.52 Telecom - Services 3.37
related instruments across market Tata Consultancy Bharti Airtel Ltd 3.37
capitalization of up to 30 companies. Services Ltd. 3.45 Pharmaceuticals 3.28
However, there is no assurance that the
Consumer Durables 9.34 Alkem Laboratories Ltd. 3.28
objective of the scheme will be realized.
Bata India Ltd. 2.10 Insurance 3.02
Available Plans/Options Sheela Foam Ltd 2.03
A) Regular Plan B) Direct Plan Max Financial Services Ltd. 2.56
Kajaria Ceramics Ltd. 1.84 ICICI Lombard General
Options: Payout of IDCW, Reinvestment of Voltas Ltd. 1.84 Insurance Company Ltd 0.46
IDCW & Growth (applicable for all plans) Orient Electric Ltd. 1.53 Gas 2.70
IDCW Frequency Cement & Cement Products 6.86 Gujarat Gas Ltd. 2.70
Trustee’s Discretion Shree Cement Ltd. 3.67 Pesticides 1.92
The Ramco Cements Ltd 3.19 P I Industries Ltd 1.92
Portfolio Turnover 30.03%
Petroleum Products 6.22
Consumer Non Durables 1.64
(P/E) 40.73 Reliance Industries Ltd. 5.95
United Breweries Ltd. 1.64
P/BV 4.17 Reliance Industries Ltd -
Retailing 0.37
Partly Paid Shares 0.27
IDCW Yield 0.70 Zomato Ltd. 0.37
Industrial Products 5.62
Equity & Equity
Minimum Investment Amount Supreme Industries Limited 3.28
Initial Investment: `5000 and in multiple of Related - Total 97.22
Polycab India Ltd. 2.34
`1 for purchase and for `0.01 for switches Triparty Repo 2.76
Auto 5.54
Additional Investment: `1000 & in Net Current Assets/
Mahindra & Mahindra Ltd. 2.94
multiples of `1 (Liabilities) 0.02
Ideal Investments Horizon: 5 years & above Maruti Suzuki India Limited 2.60
Construction Project 4.29 Grand Total 100.00
Load Structure
Exit Load: SECTOR ALLOCATION (%)
of the initial investment amount (limit) 11.97 6.86 5.62 4.29 3.62
the date of allotment: Nil. 23.22 9.34 6.22 5.54 4.24 19.08
excess of the limit within 1 year from the
date of allotment: 1% Banks Software Consumer Durables Cement & Cement Products Petroleum Products
c) If units are redeemed or switched out on
or after 1 year from the date of allotment: Industrial Products Auto Construction Project Finance Chemicals REST
NIL
Regular: 2.10%; Direct: 0.45% SYSTEMATIC INVESTMENT PLAN (SIP)
Monthly SIP of (`) 10000 Since Inception 1 year
Total amount invested (`) 2,50,000 1,20,000
Total Value as on July 30, 2021 (`) 3,59,814 1,54,146
Product Label
Scheme Returns (%) 37.92 57.35
Nifty 200 TRI (%) 33.47 43.97
e
Mod
erate
Alpha 4.45 13.38
erat High ly
Mod
Nifty 200 TRI (`)# 3,46,119 1,46,568
er to
e
at
H
M Low
ig
Nifty 50 (TRI) (`)^ 3,37,350 1,43,413

h
od
Very
Nifty 50 (TRI) Returns (%) 30.58 38.50

Low
High
Scheme Inception : - July 16,2019. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working day of every month. XIRR helps
Low High in calculating return on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration.
Investors understand that their principal will be at very high risk Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception. # Benchmark ; ^ Additional Benchmark
TRI - Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the
• Long term capital growth Benchmark Index instead of Price Return Variant (PRI). The debt component of the index is TRI since inception.
• Investment in equity & equity related securities across Alpha is difference of scheme return with benchmark return.
market capitalisation in maximum 30 stocks Kotak Focused Equity Fund NAV as on July 31, 2021: `15.0130 (Growth Option), `15.5590 (Direct Growth Option), `15.0120 (Reg-Plan-IDCW), `15.5600 (Dir-
doubt about whether the product is suitable for them. Plan-IDCW)
*For Fund Manager experience, please refer page 69-71. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no
61-68.
7
10
Investment style
KOTAK TAX SAVER FUND Large
Medium
An open-ended equity linked saving scheme with a statutory lock in of 3 years and tax benefits Small

Upadhyaya*
AUM: `2,144.28 crs
Equity & Equity related Hero MotoCorp Ltd. 0.97
Benchmark: Nifty 500 TRI Banks 21.33 Industrial Capital Goods 2.95
Allotment date: November 23, 2005 ICICI Bank Ltd. 7.96 Thermax Ltd. 1.82
Folio count: 2,54,474 State Bank Of India 5.03 ABB India Ltd. 1.13
HDFC Bank Ltd. 3.66 Petroleum Products 2.85
Axis Bank Ltd. 2.40 Reliance Industries Ltd. 2.85
Investment Objective AU Small Finance Bank Ltd. 2.28 Ferrous Metals 2.72
The investment objective of the scheme is Software 10.46 Jindal Steel & Power Ltd. 2.72
to generate long-term capital appreciation Infosys Ltd. 6.01 Fertilisers 2.35
from a diversified portfolio of equity and Tata Consultancy Services Ltd. 3.32 Coromandel International Ltd. 2.35
equity related securities and enable Tech Mahindra Ltd. 1.13 Telecom - Services 2.10
investors to avail the income tax rebate, as Chemicals 6.93 Bharti Airtel Ltd 2.10
permitted from time to time however, there SRF Ltd. 4.04 Transportation 2.07
is no assurance that the objective of the Linde India Ltd. 1.84 Container Corporation
scheme will be realized. Solar Industries India Limited 1.05 of India Ltd. 1.05
Cement & Cement Products 6.81 Blue Dart Express Ltd. 1.02
Available Plans/Options Ultratech Cement Ltd. 2.66
A) Regular Plan B) Direct Plan Insurance 1.98
Shree Cement Ltd. 1.58 Max Financial Services Ltd. 1.05
Options: Payout of IDCW & Growth Dalmia Bharat Limited 1.30 HDFC Life Insurance
(applicable for all plans) The Ramco Cements Ltd 1.27 Company Ltd. 0.93
IDCW Frequency Auto Ancillaries 1.44
Polycab India Ltd. 1.51
Trustee’s Discretion Balkrishna Industries Ltd. 1.44
Cummins India Ltd. 1.39
Consumer Non Durables 1.36
Ratios SKF India Ltd 1.34
Bharat Forge Ltd. 1.26 Hindustan Unilever Ltd. 1.36
Portfolio Turnover 25.19% AIA Engineering Limited. 0.79 Non - Ferrous Metals 1.24
Mold-Tek Packaging Ltd. 0.10 Hindalco Industries Ltd 1.24
$
Beta 0.93 Power 1.22
Pharmaceuticals 6.10
$
Cadila Healthcare Ltd 2.19 Kalpataru Power
Sharpe## 0.65
Cipla Ltd. 2.15 Transmission Ltd. 1.22
$
Standard Deviation 21.53% Dr Reddys Laboratories Ltd. 1.76 Construction 1.01
Construction Project 5.26 JMC Projects (India) Ltd. 0.67
(P/E) 32.49 G R Infraprojects Limited 0.34
Larsen And Toubro Ltd. 4.29
P/BV 3.84 Techno Electric & Engineering Household Appliances 0.57
IDCW Yield 0.77 Company Limited 0.97 Hawkins Cooker Ltd 0.57
Gas 4.12 Retailing 0.07
Source: $ICRA MFI Explorer. Gujarat Gas Ltd. 2.83 Zomato Ltd. 0.07
Minimum Investment Amount Gujarat State Petronet Ltd. 1.29 Equity & Equity
Initial Investment: `500 and in multiple of Consumer Durables 3.75 Related - Total 98.46
`500 Sheela Foam Ltd 1.17 6% Redm Preference Sh Zee
Additional Investment: `500 & in multiples Blue Star Ltd. 1.01 Entertainment Enterprises Ltd. Entertainment 0.01
V-Guard Industries Ltd. 1.00 Preference Share - Total 0.01
of `500
Bata India Ltd. 0.57 Triparty Repo 1.17
Ideal Investments Horizon: 5 years & above
Auto 3.38 Net Current Assets/
Load Structure Bajaj Auto Ltd. 1.43 (Liabilities) 0.36
Entry Load: Nil. (applicable for all plans) Maruti Suzuki India Limited 0.98 Grand Total 100.00
Exit Load: Exit Load is not applicable for
Kotak Tax Saver Fund. (applicable for all
plans) SECTOR ALLOCATION (%)
Regular: 2.08%; Direct: 0.72% 23.30 10.46 9.35 6.97 6.93 6.82 6.28 6.09 5.10 4.81
Scheme
2.49 1.86 2.91 11.77
30.96 13.45 8.81 2.84 5.23 4.90
Benchmark
Financial Services Information Technology Industrial Manufacturing Oil and Gas Chemicals
Product Label
Cement & Cement Products Construction Pharma Consumer Goods Automobile

Mod
e erate
erat High ly
Mod Systematic Investment Plan (SIP) If you had invested `10,000 every month
er to
e
at
H
M Low
ig
h
od
Very
Low
High
Investors understand that their principal will be at very high risk Nifty 500 (TRI) Returns (%) 13.22 15.31 15.49 17.72 25.42 48.21
• long term capital growth with a 3 year lock in Alpha 0.29 0.99 0.63 0.68 1.45 4.76
• Investment in portfolio of predominantly equity &
equity related securities. Nifty 500 (TRI) (`)# 58,94,968 26,72,361 14,57,716 9,32,820 5,19,638 1,49,042
doubt about whether the product is suitable for them. Nifty 50 (TRI) (`)^ 55,96,808 25,29,221 14,17,214 9,14,031 4,97,091 1,43,246
7
Scheme Inception : - November 23, 2005. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial
Kotak Tax Saver Fund NAV as on July 31, 2021: `24.9200 (Reg-Plan-IDCW), `31.0780 (Dir-Plan-IDCW), `66.5860 (Growth Option) `74.1920 (Direct Growth Option)
11
Investment style
KOTAK INDIA EQ CONTRA FUND Large
Medium
An open-ended equity scheme following contrarian investment strategy Small
Fund Manager: Ms. Shibani Kurian* PORTFOLIO

AAUM: `1,065.87 crs
AUM: `1,080.95 crs Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net
Benchmark: NIFTY 100 TRI Assets Assets
Allotment date: July 27, 2005 Equity & Equity related Finance 2.66
Folio count: 54,094 Banks 24.45 SBI Cards & Payment
ICICI Bank Ltd. 8.06 Services Pvt. Ltd. 1.06
Investment Objective
HDFC Bank Ltd. 5.37 Aavas Financiers Ltd. 0.82
The investment objective of the scheme is to Mahindra & Mahindra
generate capital appreciation from a State Bank Of India 4.36
diversified portfolio of equity and equity Axis Bank Ltd. 2.95 Financial Services Ltd. 0.78
related instruments. The Scheme will invest AU Small Finance Bank Ltd. 2.00 Insurance 2.64
in stocks of companies, which are Federal Bank Ltd. 1.09 Max Financial Services Ltd. 1.76
fundamentally sound but are undervalued. IndusInd Bank Ltd. 0.62 ICICI Lombard General
Undervalued stocks are stocks of those Software 12.87 Insurance Company Ltd 0.88
companies whose true long term potential Infosys Ltd. 7.37 Telecom - Services 2.61
is not yet recognised by the market. At Tata Consultancy Services Ltd. 2.85 Bharti Airtel Ltd 2.61
times, the broad market takes time to Persistent Systems Limited 1.68 Consumer Durables 2.41
appreciate the long-term potential of some HCL Technologies Ltd. 0.97 Voltas Ltd. 1.31
fundamentally sound companies. Petroleum Products 7.80 Kajaria Ceramics Ltd. 1.10
Stocks of such companies are traded at Reliance Industries Ltd. 5.46 Ferrous Metals 2.40
prices below their intrinsic value and are Hindustan Petroleum Jindal Steel & Power Ltd. 1.71
regarded as undervalued stocks. Corporation Ltd 1.01 Tata Steel Ltd. 0.69
We believe that, over a period of time, the Bharat Petroleum Chemicals 2.08
price of a stock reflects the intrinsic value of Corporation Ltd. 0.97 SRF Ltd. 1.97
the underlying company. Thus, the moving
up of the price of the undervalued stock Reliance Industries Ltd - Clean Science and
towards its intrinsic value will help us Partly Paid Shares 0.36 Technology Ltd 0.11
generate capital appreciation for investors. Cement & Cement Products 6.64 Power 1.45
However, there can be no assurance that Ultratech Cement Ltd. 3.95 National Thermal Power
the investment objective of the Scheme will Shree Cement Ltd. 2.13 Corporation Limited 1.45
be achieved. The Ramco Cements Ltd 0.56 Aerospace & Defense 1.43
Available Plans/Options Pharmaceuticals 5.85 Bharat Electronics Ltd. 1.43
Sun Pharmaceuticals Construction 1.31
A) Regular Plan B) Direct Plan Industries Ltd. 2.28 Oberoi Realty Ltd 1.08
Options: Payout of IDCW, Reinvestment of Cadila Healthcare Ltd 1.11 G R Infraprojects Limited 0.23
IDCW & Growth (applicable for all plans) Torrent Pharmaceuticals Ltd. 1.05 Entertainment 0.93
IDCW Frequency Dr Reddys Laboratories Ltd. 0.96 Zee Entertainment
Alkem Laboratories Ltd. 0.45 Enterprises Ltd 0.93
Trustee’s Discretion Auto 4.43 Fertilisers 0.92
Ratios Mahindra & Mahindra Ltd. 1.91 Coromandel International Ltd. 0.92
Portfolio Turnover 27.73% Maruti Suzuki India Limited 1.85 Leisure Services 0.75
$
Bajaj Auto Ltd. 0.67 Jubilant Foodworks Limited 0.75
Beta 1.01 Consumer Non Durables 4.22 Transportation 0.70
$
Sharpe## 0.55 ITC Ltd. 1.50 Inter Globe Aviation Ltd 0.70
$
Standard Deviation 22.36% United Breweries Ltd. 1.06 Oil 0.30
Hindustan Unilever Ltd. 0.98 Oil & Natural Gas
(P/E) 27.48 Godrej Consumer Products Ltd. 0.68 Corporation Ltd. 0.30
P/BV 3.19 Construction Project 3.64 Auto Ancillaries 0.02
IDCW Yield 0.99 Larsen And Toubro Ltd. 3.64 Motherson Sumi Systems Ltd. 0.02
Industrial Products 3.57 Equity & Equity
Source: $ICRA MFI Explorer. Supreme Industries Limited 2.32 Related - Total 99.04
Minimum Investment Amount Cummins India Ltd. 1.25 Triparty Repo 1.09
Initial Investment: `5000 and in multiple of Gas 2.96 Net Current Assets/
`1 for purchase and for `0.01 for switches Gujarat Gas Ltd. 1.79 (Liabilities) -0.13
Additional Investment: `1000 & in Gujarat State Petronet Ltd. 1.17 Grand Total 100.00
multiples of `1
Ideal Investments Horizon: 5 years & above SECTOR ALLOCATION (%)
Load Structure
11.05 6.62 5.00 4.45
29.75 12.86 6.63 5.84 4.95 2.61
Exit Load:
a) For redemption / switch out of upto 10% Scheme
purchased or switched in within 1 year from 10.55 11.93 0.22 4.58
34.32 15.23 2.94 4.93 2.68 1.88
excess of the limit within 1 year from the Benchmark
c) If units are redeemed or switched out on Financial Services Information Technology Oil and Gas Cement & Cement Products Consumer Goods
NIL Pharma Industrial Manufacturing Construction Automobile Telecom
Regular: 2.36%; Direct: 0.98% SYSTEMATIC INVESTMENT PLAN (SIP)
Product Label
Mod
dera
te erate
High ly
Mo
Total Value as on July 30, 2021 (`)
er to
64,95,097 27,54,341 14,96,861 9,53,223 5,20,920 1,50,177

e
at
H
M Low
ig
h
od
Scheme Returns (%) 13.74 15.87 16.23 18.60 25.60 50.21

Very
Low
High
Alpha 0.58 1.26 1.53 1.95 3.22 10.53

Low High
Nifty 100 (TRI) (`)# 61,54,005 25,73,808 14,17,436 9,08,989 4,98,465 1,44,136
Nifty 50 (TRI) (`)^ 59,20,853 25,29,221 14,17,214 9,14,031 4,97,091 1,43,246
• Investment in portfolio of predominantly equity & equity
related securities Nifty 50 (TRI) Returns (%) 12.75 14.28 14.70 16.88 22.18 38.15
* Investors should consult their financial advisors if in doubt about
whether the product is suitable for them.
Scheme Inception : - July 27,2005. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and final
value and a series of cash inflows and outflows and taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception. #
Benchmark ; ^ Additional Benchmark
Kotak India EQ Contra Fund NAV as on July 31, 2021: `26.7040 (Reg-Plan-IDCW), `30.8160 (Dir-Plan-IDCW), `77.4710 (Growth Option), `86.5990 (Direct Growth Option)
12
Investment style
KOTAK PIONEER FUND Large
Medium
Thematic - An open ended equity scheme investing in pioneering innovations theme. Small
Fund Manager: Mr. Harish Krishnan & PORTFOLIO

Mr. Arjun Khanna* Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net
AUM: `1,278.63 crs
Benchmark: 85% IISL Kotak India Equity & Equity related 3M India Ltd. 1.35
Pioneering Innovations Auto 7.49 Insurance 2.79
+ 15% MSCI ACWI Maruti Suzuki India Limited 5.46 HDFC Life Insurance
Information Technology Mahindra & Mahindra Ltd. 2.03 Company Ltd. 1.69
Index TRI. Petroleum Products 6.61 ICICI Lombard General
Allotment date: October 31, 2019 Reliance Industries Ltd. 5.89 Insurance Company Ltd 1.10
Folio count: 50,612 Reliance Industries Ltd - Industrial Capital Goods 2.58
Partly Paid Shares 0.72 Thermax Ltd. 1.38
Investment Objective Banks 5.80 ABB India Ltd. 1.20
The investment objective of the scheme is HDFC Bank Ltd. 5.80 Chemicals 2.53
to generate capital appreciation from a Solar Industries India Limited 1.92
Finance 5.76
diversified portfolio of equity, equity related Clean Science and
Bajaj Finance Ltd. 2.92
instruments and units of global mutual Technology Ltd 0.61
SBI Cards & Payment
funds which invests into such companies
Services Pvt. Ltd. 2.84 Ferrous Metals 1.91
that utilize new forms of production,
Pharmaceuticals 5.46 Ratnamani Metals & Tubes Ltd. 1.09
technology, distribution or processes which
Cadila Healthcare Ltd 2.15 APL Apollo Tubes Ltd. 0.82
are likely to challenge existing markets or
Sun Pharmaceuticals Gas 1.35
value networks, or displace established
Industries Ltd. 1.97 Gujarat State Petronet Ltd. 1.35
market leaders, or bring in novel products
and/or business models. Divi s Laboratories Ltd. 1.34 Fertilisers 1.26
However, there can be no assurance that Industrial Products 5.35 Coromandel International Ltd. 1.26
the investment objective of the Scheme will Bharat Forge Ltd. 2.41 Construction 1.19
be realized. Schaeffler India Ltd 1.61 Mahindra Lifespace
Available Plans/Options AIA Engineering Limited. 1.33 Developers Ltd 1.19
A) Regular Plan B) Direct Plan Software 4.62 Entertainment 1.13
Options: Payout of IDCW, Reinvestment of Persistent Systems Limited 4.30 Nazara Technologies Ltd. 0.81
IDCW & Growth (applicable for all plans) Affle (India) Ltd. 0.32 Zee Entertainment
IDCW Frequency Auto Ancillaries 4.57 Enterprises Ltd 0.32
Trustee’s Discretion Motherson Sumi Systems Ltd. 2.02 Textile Products 0.99
Ratios Sona BLW Precision Page Industries Ltd 0.99
Portfolio Turnover 15.23% Forgings Ltd 1.72 Pesticides 0.92
Igarashi Motors India Ltd. 0.83 P I Industries Ltd 0.92
Minimum Investment Amount Transportation 4.54 Aerospace & Defense 0.02
Initial Investment: `5000 and in multiple of Indian Railway Catering And MTAR Technologies Ltd. 0.02
`1 for purchase and of `0.01 for switches Tourism Corporation Ltd. 2.46 Equity & Equity
Additional Investment: `1000 & in Container Corporation Related - Total 76.64
multiples of `1 of India Ltd. 2.08 Mutual Fund Units
Ideal Investments Horizon: 5 years & above Retailing 3.65 Signature Global Technology
Load Structure
Zomato Ltd. 1.45 Corporate Class Fund - 994 Overseas Mutual Fund 18.73
Exit Load: Indiamart intermesh ltd. 1.12 Mutual Fund Units - Total 18.73
a) For redemption / switch out of upto 10% Trent Ltd 1.08 Triparty Repo 3.78
of the initial investment amount (limit) Consumer Durables 3.29 Net Current Assets/
purchased or switched in within 1 year from Titan Company Ltd. 3.29 (Liabilities) 0.85
the date of allotment: Nil. Consumer Non Durables 2.83 Grand Total 100.00
b) If units redeemed or switched out are in Tata Consumer Products Ltd 1.48
date of allotment: 1% For viewing detailed portfolio of CI Global Alpha Innovators Corporate Class on desktop please visit: www.kotakmf.com>> Forms &
c) If units are redeemed or switched out on Downloads>>Portfolios>>CI Global Alpha Innovators Corporate Class.
NIL
Total Expense Ratio** SECTOR ALLOCATION (%)

7.49 5.8 5.46 4.62 4.54
18.73 6.61 5.76 5.35 4.57 31.07
Data as on July 31, 2021 Overseas Mutual Fund Auto Petroleum Products Banks Finance Pharmaceuticals
Industrial Products Software Auto Ancillaries Transportation REST
Product Label
Mod
e erate
erat High ly
Mod Systematic Investment Plan (SIP) If you had invested `10,000 every month
er to
e
at
H
M Low
ig

h
od
Total amount invested (`)

Very
2,20,000 1,20,000
Low

igh
Low High Scheme Returns (%) 52.45 56.47

85% IISL Kotak India Pioneering Innovations + 15% MSCI ACWI Information Technology Index TRI (%) 41.24 44.66
• Long term capital growth Alpha 11.21 11.80
• Investment in equity and equity related securities of
companies operating with pioneering innovations 85% IISL Kotak India Pioneering Innovations + 15% MSCI ACWI Information Technology Index TRI (%) (`)# 3,10,180 1,47,011
theme without any market capitalisation and sector
bias. Nifty 50 (TRI) (`)^ 2,93,157 1,43,246
about whether the product is suitable for them. Nifty 50 (TRI) Returns (%) 33.77 38.15
Scheme Inception : - October 31, 2019. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial
and final value and a series of cash inflows and outflows and taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date
of inception. # Benchmark ; ^ Additional Benchmark TRI - Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark
Index instead of Price Return Variant (PRI). The debt component of the index is TRI since inception.
Kotak Pioneer Fund NAV as on July 31, 2021: `17.1000 (Reg-Plan-IDCW), `17.6370 (Dir-Plan-IDCW), `17.1000 (Growth Option), `17.6380 (Direct Growth Option)
*For Fund Manager experience, please refer page 69-71. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 61-68.
13
KOTAK ESG OPPORTUNITIES FUND
An open-ended Equity Scheme following Environment, Social and Governance (ESG) theme

Upadhyaya* Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net
AUM: `1,735.14 crs Equity & Equity related Ferrous Metals 2.95
Benchmark: Nifty 100 ESG Index TRI Banks 15.52 Jindal Steel & Power Ltd. 2.49
Allotment date: December 11, 2020 ICICI Bank Ltd. 4.52 Ratnamani Metals & Tubes Ltd. 0.46
State Bank Of India 4.35 Transportation 2.66
Folio count: 52,918
HDFC Bank Ltd. 2.88 Inter Globe Aviation Ltd 0.95
Investment Objective AU Small Finance Container Corporation
The scheme shall seek to generate capital Bank Ltd. 1.93 of India Ltd. 0.93
appreciation by investing in a diversified Axis Bank Ltd. 1.84 Great Eastern Shipping
portfolio of companies that follow Software 13.73 Company Ltd 0.78
Environmental, Social and Governance Infosys Ltd. 6.03 Fertilisers 2.51
parameters. Tata Consultancy Coromandel International Ltd. 2.51
However, there can be no assurance that Services Ltd. 4.56
the investment objective of the Scheme will Auto Ancillaries 2.08
Tech Mahindra Ltd. 3.14 MRF Limited 1.15
be realized.
Pharmaceuticals 8.97 Balkrishna Industries Ltd. 0.93
Available Plans/Options Cipla Ltd. 3.18 Healthcare Services 2.05
A) Regular Plan B) Direct Plan Cadila Healthcare Ltd 2.20 DR.Lal Pathlabs Ltd. 2.05
Options: Payout of IDCW, Reinvestment of Dr Reddys Laboratories Ltd. 1.36 Chemicals 1.94
IDCW & Growth (applicable for all plans) Divi s Laboratories Ltd. 1.13 Linde India Ltd. 1.26
Abbott India Ltd. 1.10 Clean Science and
IDCW Frequency
Trustee’s Discretion Cement & Cement Technology Ltd 0.68
Ratios Products 8.76 Telecom - Services 1.62
Ultratech Cement Ltd. 3.07 Bharti Airtel Ltd 1.62
JK Cement Ltd. 1.69 Consumer Durables 1.45
Minimum Investment Amount Heidelberg Cement Bata India Ltd. 0.93
Initial Investment: `5000 and in multiple of India Ltd. 1.60 VIP Industries Ltd. 0.52
`1 for purchase and of `0.01 for switches The Ramco Cements Ltd 1.26 Pesticides 1.28
Additional Investment: `1000 & in Shree Cement Ltd. 1.14 Dhanuka Agritech Ltd. 1.28
multiples of `1 Finance 7.68 Insurance 0.96
Ideal Investments Horizon: 5 years & above HDFC Ltd. 5.06 HDFC Life Insurance
Load Structure Muthoot Finance Ltd 1.57 Company Ltd. 0.96
Entry Load: Nil. (applicable for all plans) SBI Cards & Payment Retailing 0.46
Exit Load: Services Pvt. Ltd. 1.05 V-Mart Retail Ltd. 0.41
10% of the units allotted shall be redeemed Consumer Non Durables 5.75 Zomato Ltd. 0.05
without any Exit Load on or before Balrampur Chini Mills Ltd. 2.42
completion of 1 Year from the date of Gas 0.32
Hindustan Unilever Ltd. 2.35
allotment of units. Indraprastha Gas Ltd. 0.32
Colgate Palmolive (India) Ltd. 0.98
Any redemption in excess of such limit Entertainment 0.16
Auto 5.62
within 1 Year from the date of allotment Nazara Technologies Ltd. 0.16
shall be subject to the following Exit Load: Bajaj Auto Ltd. 2.21
Equity & Equity
a) If redeemed or switched out on or before Eicher Motors Ltd. 1.82
Related - Total 98.26
completion of 1 Year from the date of Hero MotoCorp Ltd. 1.59
Mutual Fund Units
allotment of units-1.00% Industrial Products 4.69
Liquid Scheme Direct
b) If redeemed or switched out after Polycab India Ltd. 1.87
Plan Growth 0.60
completion of 1 Year from the date of Supreme Industries Limited 1.49
allotment of units-NIL Mutual Fund Units - Total 0.60
Bharat Forge Ltd. 1.33
Non - Ferrous Metals 4.10 Triparty Repo 1.03
Total Expense Ratio** Net Current Assets/
Regular: 2.04%; Direct: 0.32% Hindalco Industries Ltd 4.10
Construction Project 3.00 (Liabilities) 0.11
Larsen And Toubro Ltd. 3.00 Grand Total 100.00
Product Label
13.73 8.76 5.75 4.69 3.00
15.52 8.97 7.68 5.62 4.10 22.18
Mod
e erate
erat High ly
Mod
Banks Software Pharmaceuticals Cement & Cement Products Finance Consumer Non Durables
er to
e
at
H
M Low
ig
h
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Auto Industrial Products Non - Ferrous Metals Construction Project REST

Very
Low
High
Kotak ESG Opportunities Fund NAV as on July 31, 2021: `11.7040 (Reg-Plan-IDCW), `11.8390 (Dir-Plan-IDCW), `11.7040 (Growth Option), `11.8380 (Direct
Low High Growth Option)
*For Fund Manager experience, please refer page 69-71. **Total Expense Ratio includes applicable B30 fee and GST.
• Investment in Portfolio of predominantly equity &
equity related securities of companies following
environmental, social and governance (ESG) criteria.
14
Investment style
KOTAK INDIA GROWTH FUND SERIES 4 Large
Medium
Multicap fund - A 36 months close ended equity scheme investing across large cap, Small
midcap and small cap stocks
Fund Manager: Mr. Devender Singhal* PORTFOLIO

AAUM: `78.70 crs Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net
Assets Assets
AUM: `79.70 crs
Equity & Equity related Larsen And Toubro Ltd. 2.41
Banks 16.88 Leisure Services 2.20
Allotment date: February 20, 2018 ICICI Bank Ltd. 8.73 Barbeque Nation Hospitality Ltd. 2.20
Folio count: 1,738 State Bank Of India 4.83 Auto Ancillaries 2.20
Axis Bank Ltd. 3.32 Subros Ltd. 1.43
Investment Objective Software 12.78 Varroc Engineering Ltd. 0.77
The investment objective of the scheme is Persistent Systems Limited 6.22 Pharmaceuticals 2.08
to generate capital appreciation from a
Infosys Ltd. 3.13 Solara Active Pharma
diversified portfolio of equity & equity
related instruments across market........ Firstsource Solutions Ltd. 2.37 Sciences Ltd. 1.05
capitalisation and sectors. Tech Mahindra Ltd. 1.06 Cadila Healthcare Ltd 1.03
There is no assurance or guarantee that the Petroleum Products 11.94 Cement & Cement Products 1.67
investment objective of the scheme will be Reliance Industries Ltd. 4.98 JK Cement Ltd. 1.67
achieved. Reliance Industries Ltd - Entertainment 1.27
Available Plans/Options Partly Paid Shares 3.25 Zee Entertainment
A)Regular Plan B) Direct Plan Bharat Petroleum Enterprises Ltd 1.27
Corporation Ltd. 2.24 Aerospace & Defense 1.16
Options: Payout of IDCW & Growth .
Hindustan Petroleum Bharat Electronics Ltd. 1.16
(applicable for all plans)
Corporation Ltd 1.47 Construction 0.90
IDCW Frequency
Consumer Non Durables 10.90 PNC Infratech Ltd 0.90
Trustee’s Discretion
ITC Ltd. 5.46
Ratios Finance 0.47
Emami Ltd. 3.67
Mahindra & Mahindra
Portfolio Turnover 108.51% United Spirits Ltd. 1.77
Financial Services Ltd. 0.47
Consumer Durables 8.47
$ Equity & Equity
Source: ICRA MFI Explorer. Pokarna Ltd. 3.19
Minimum Investment Amount Century Plyboards (India) Ltd. 2.64
The scheme is a close ended scheme. The Futures
Greenply Industries Ltd. 2.64
units of the scheme can be traded on the Bharti Airtel Ltd-AUG2021 1.57
Auto 5.29
stock exchange. Maruti Suzuki India
Mahindra & Mahindra Ltd. 2.71
Load Structure Limited-AUG2021 1.22
Maruti Suzuki India Limited 2.58
Entry Load: Nil. (applicable for all plans) Options
Exit Load: Nil. (applicable for all plans) Power 3.71
CNX NIFTY - 14500.000 -
National Thermal Power
Total Expense Ratio** Put Option - December 2023 4.05
Corporation Limited 3.71
Regular:1.28%; Direct: 0.34% Options - Total 4.05
Telecom - Services 3.19
Bharti Airtel Ltd 3.19 Triparty Repo 2.99
Retailing 2.88 Net Current Assets/
Zomato Ltd. 2.88 (Liabilities) 2.56
Construction Project 2.41 Grand Total 100.00
Term Deposit as provided above is towards margin for derivatives transactions

Equity Derivative Exposuer is 6.84%
8.72 5.08 4.05

17.36 16.18 12.78 11.94 6.50 4.76 3.71
Scheme
9.86 2.73 1.70
32.77 11.64 14.01 4.93 1.84 2.41
Benchmark
Product Label Financial Services Consumer Goods Information Technology Oil and Gas Automobile
Construction Consumer Services Telecom Others Power
Mod
e erate
erat High ly
Mod
er to
e
at
H
M Low
ig
h
od
Very
Low
High
Low High

• Investment in equity and equity related securities
without any market capitalisation and sector bias.
Kotak India Growth Fund Series 4 NAV as on July 31, 2021: `17.0640 (Reg-Plan-IDCW), `17.6060 (Dir-Plan-IDCW), `17.0630 (Growth Option), `17.7280 (Direct Growth Option)
15
Investment style
KOTAK INFRASTRUCTURE & Large
ECONOMIC REFORM FUND Medium
An open ended equity scheme following infrastructure & Economic Reform theme Small
Fund Manager: Mr. Harish Krishnan* PORTFOLIO

AAUM: `399.80 crs
AUM: `417.16 crs Assets Assets
Benchmark: India Infrastructure
Equity & Equity related Indraprastha Gas Ltd. 2.47
Index (Customised Industrial Capital Goods 6.37
Index by IISL) Schaeffler India Ltd 5.26 Thermax Ltd. 3.96
Allotment date: February 25, 2008 AIA Engineering Limited. 3.12 ABB India Ltd. 1.63
Folio count: 17,648 Supreme Industries Limited 2.27 BEML Ltd. 0.78
Investment Objective Cummins India Ltd. 1.63 Telecom - Services 5.79
The investment objective of the scheme is SKF India Ltd 1.58 Bharti Airtel Ltd 5.79
to generate long-term capital appreciation WPIL Ltd 1.43 Chemicals 5.33
from a diversified portfolio of ......... Rolex Rings Ltd. 1.08 Solar Industries
predominantly equity and equity-related
securities of companies involved in........ Construction Project 11.74 India Limited 5.33
economic development of India as a result Larsen And Toubro Ltd. 4.80 Petroleum Products 4.63
of potential investments in infrastructure H G Infra Engineering Ltd. 3.85 Reliance Industries Ltd. 4.63
and unfolding economic reforms. However, Rail Vikas Nigam Limited. 1.95 Power 3.97
there is no assurance that the objective of
Techno Electric & Engineering National Thermal Power
the scheme will be realized.
Available Plans/Options Company Limited 0.74 Corporation Limited 2.27
A) Regular Plan B) Direct Plan Sadbhav Engineering Ltd. 0.40 Kalpataru Power
Options: Payout of IDCW, Reinvestment of Cement & Cement Transmission Ltd. 1.70
IDCW & Growth (applicable for all plans)
Products 10.88 Ferrous Metals 3.45
IDCW Frequency
Trustee’s Discretion Ultratech Cement Ltd. 4.57 Ratnamani Metals &
Ratios Shree Cement Ltd. 3.56 Tubes Ltd. 2.51
The Ramco Cements Ltd 2.75 APL Apollo Tubes Ltd. 0.94
$
Construction 10.66 Consumer Durables 3.28
Beta 1.05
PNC Infratech Ltd 3.77 Kajaria Ceramics Ltd. 2.38
$
Sharpe## 0.47 JMC Projects (India) Ltd. 3.01 V-Guard Industries Ltd. 0.90
$
Standard Deviation 27.15% Mahindra Lifespace Oil 1.96
Developers Ltd 2.38 Hindustan Oil Exploration
(P/E) 39.21
G R Infraprojects Limited 1.50 Company Ltd. 1.96
P/BV 3.65
Transportation 7.18 Equity & Equity
IDCW Yield 0.79
Indian Railway Catering And Related - Total 98.36
Source: $ICRA MFI Explorer. Tourism Corporation Ltd. 3.63
Minimum Investment Amount Triparty Repo 1.50
Container Corporation
Initial Investment: `5000 and in multiple of Net Current Assets/
`1 for purchase and for `0.01 for switches of India Ltd. 3.55
(Liabilities) 0.14
Additional Investment: `1000 & in........ Gas 6.75
Grand Total 100.00
multiples of `1 Gujarat Gas Ltd. 4.28
Load Structure
Entry Load: Nil. (applicable for all plans) SECTOR ALLOCATION (%)
Exit Load:
a) For redemption / switch out of upto 10% 7.18 5.33 3.45
of the initial investment amount (limit) 22.38 21.66 13.35 10.87 5.79 3.96 3.28
the date of allotment: Nil. Scheme
excess of the limit within 1 year from the 11.04 7.30 14.05 16.39 5.79 10.69 9.46 7.22 3.73
c) If units are redeemed or switched out on Benchmark
NIL Construction Industrial Manufacturing Oil and Gas Cement & Cement Products Services
Total Expense Ratio** Telecom Chemicals Power Metals Consumer Goods

Data as on July 31, 2021 SYSTEMATIC INVESTMENT PLAN (SIP)

Product Label Systematic Investment Plan (SIP) If you had invested `10,000 every month
Mod
rate
erate Total amount invested (`) 16,20,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Mod
e High ly
43,18,087 26,37,177 13,84,193 9,07,456 5,49,965 1,68,345
er to
Total Value as on July 30, 2021 (`)

e
at
H
M Low
ig
h
od
Scheme Returns (%) 13.52 15.06 14.03 16.59 29.64 83.15

Very
India Infrastructure Index (Customised Index by IISL)(TRI) Returns (%) 6.40 7.92 8.52 10.67 20.12 51.78
Low
H
igh
Alpha 7.12 7.13 5.52 5.91 9.51 31.36

Low High
India Infrastructure Index (Customised Index by IISL) (TRI) (`)# 25,40,842 18,05,217 11,36,979 7,84,367 4,83,104 1,51,070
This product is suitable for investors who are seeking*: Nifty 50 (TRI) (`)^ 42,24,339 25,29,930 14,17,201 9,14,031 4,97,091 1,43,246
• Long term capital appreciation by investing in equity and Nifty 50 (TRI) Returns (%) 13.23 14.28 14.69 16.88 22.18 38.15
equity related instruments of companies contributing to
infrastructure and economic development of India
Scheme Inception : - February 25, 2008. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and
Kotak Infrastructure & Economic Reform Fund NAV as on July 31, 2021: `23.5380 (Reg-Plan-IDCW), `32.4810 (Dir-Plan-IDCW), `29.4310 (Growth Option), `32.8540 (Direct Growth Option)
16
Investment style
KOTAK INDIA GROWTH FUND SERIES 7 Large
Medium
Multicap Fund - A 36 months close ended equity scheme investing across large cap, Small
midcap and small cap stocks.
Fund Manager: Ms. Shibani Kurian* PORTFOLIO
AAUM: `45.19 crs
Benchmark: Nifty 50 TRI Equity & Equity related Consumer Non Durables 4.12
Allotment date: August 31, 2018 Banks 30.62 Hindustan Unilever Ltd. 3.36
Folio count: 561 ICICI Bank Ltd. 9.68 Godrej Consumer
Investment Objective HDFC Bank Ltd. 8.16 Products Ltd. 0.76
The investment objective of the scheme is State Bank Of India 4.33 Auto 3.58
to generate capital appreciation from a
Axis Bank Ltd. 3.27 Maruti Suzuki India Limited 2.42
diversified portfolio of equity & equity
related instruments across market Kotak Mahindra Bank Ltd. 3.01 Mahindra & Mahindra Ltd. 1.16
capitalisation and sectors. It also endeavors AU Small Finance Bank Ltd. 2.17 Industrial Products 3.24
to manage risks through equity derivatives.
Software 16.46 Supreme Industries Limited 3.24
There is no assurance or guarantee that the
investment objective of the scheme will be Infosys Ltd. 9.94 Pharmaceuticals 2.88
achieved. Tata Consultancy Torrent Pharmaceuticals Ltd. 1.92
Available Plans/Options Services Ltd. 5.05 Dr Reddys Laboratories Ltd. 0.96
A)Regular Plan B) Direct Plan Tech Mahindra Ltd. 1.47 Gas 2.48
Options: Payout of IDCW & Growth Petroleum Products 8.75 Gujarat State Petronet Ltd. 2.48
Reliance Industries Ltd. 7.37 Fertilisers 2.26
IDCW Frequency
Bharat Petroleum Coromandel International Ltd. 2.26
Corporation Ltd. 0.97 Telecom - Services 2.22
Ratios
Reliance Industries Ltd - Bharti Airtel Ltd 2.22
Portfolio Turnover 9.13% Partly Paid Shares 0.41 Insurance 1.94
Minimum Investment Amount Cement & Cement Products 6.10 HDFC Life Insurance
The scheme is a close ended scheme. The Ultratech Cement Ltd. 3.51 Company Ltd. 0.98
units of the scheme can be traded on the
Shree Cement Ltd. 2.59 ICICI Lombard General
stock exchange.
Finance 4.51 Insurance Company Ltd 0.96
Load Structure
Entry Load: Nil. (applicable for all plans) Aavas Financiers Ltd. 1.83 Consumer Durables 1.07
Exit Load: Nil. (applicable for all plans) Bajaj Finance Ltd. 1.47 Bata India Ltd. 1.07
Total Expense Ratio** SBI Cards & Payment Equity & Equity
Services Pvt. Ltd. 1.21 Related - Total 98.61
Chemicals 4.19
Net Current Assets/
SRF Ltd. 4.19
(Liabilities) 1.39
Construction Project 4.19
Grand Total 100.00

11.23 5.19 4.19 3.24
37.07 16.46 6.11 4.19 3.58 2.88
Scheme
11.24 10.85 4.94
37.17 17.54 2.71 2.83 3.66
Benchmark
Financial Services Information Technology Oil and Gas Cement & Cement Products Consumer Goods
Construction Chemicals Automobile Industrial Manufacturing Pharma
Product Label
Mod
e erate
erat High ly
Mod
er to
e
at
H
M Low
ig
h
od
Very
Low
High
Low High

• Long term capital growth.
• Investment in equity and equity related securities
without any market capitalisation and sector bias.
*Investors should consult their financial advisors if in doubt
Kotak India Growth Fund Series 7 NAV as on July 31, 2021: `14.0470 (Reg-Plan-IDCW), `14.4960 (Dir-Plan-IDCW), `14.0470 (Growth Option), `14.4950 (Direct Growth Option)
17
Maturity
Short Medium Long Volatility
KOTAK EQUITY ARBITRAGE FUND Low
Medium
An open-ended scheme investing in arbitrage opportunities High
Fund Manager: Mr. Hiten Shah* Top 10 Holdings

AAUM: `23,250.56 crs Issuer/Instrument Industry/Rating % to Net Assets % to Net Assets
Derivatives
AUM: `24,641.72 crs
Equity & Equity related
Benchmark: Nifty 50 Arbitrage Index
Bharti Airtel Ltd Telecom - Services 2.32 -2.33
Allotment date: September 29, 2005
Tata Consultancy Services Ltd. Software 2.25 -2.26
Folio count: 46,692
Tata Steel Ltd. Ferrous Metals 2.20 -2.21
Investment Objective Adani Port and Special Economic Zone Ltd. Transportation 1.99 -2.00
The investment objective of the scheme is
to generate capital appreciation and JSW Steel Ltd. Ferrous Metals 1.77 -1.77
income by predominantly investing in ICICI Bank Ltd. Banks 1.50 -1.50
arbitrage opportunities in the cash and
derivatives segment of the equity market, Vedanta Ltd. Non - Ferrous Metals 1.48 -1.48
and by investing the balance in debt and
Hindalco Industries Ltd Non - Ferrous Metals 1.47 -1.47
money market instruments.
Available Plans/Options State Bank Of India Banks 1.42 -1.42
A) Regular Plan B) Direct Plan Larsen And Toubro Ltd. Construction Project 1.17 -1.18
Options: Payout of IDCW, Reinvestment of Others 50.95 -51.08
Equity & Equity Related - Total 68.52 -68.70
IDCW Frequency
Fortnightly (Every alternate Monday from Mutual Fund Units 23.68
the 1st record date), Monthly (Monday Triparty Repo 9.38
preceding the last Thursday of the month),
Bimonthly (Monday preceding the last Net Current Assets/(Liabilities) -1.58
Thursday of the following months - January,
March, May, July, September, November) Grand Total 100.00
Ratios

For detailed portfolio log on to
$
Beta 0.64 www.kotakmf.com/funds/equity-funds/Kotak-Equity-Arbitrage-Fund/Reg-G
$
Sharpe## 2.11 Also you can scan the QR code for detailed portfolio.
$
Standard Deviation 0.80%
Source: $ICRA MFI Explorer. Mutual Fund Units as provided above is towards margin for derivatives transactions
Minimum Investment Amount
Initial Investment: `5000 and in multiple of
`1 for purchase and for `0.01 for switches
Additional Investment: `1000 & in
multiples of `1 9.38 5.75 5.27 4.13 3.24
Ideal Investments Horizon: 3 months &
23.68 6.66 5.31 4.67 3.73 28.18
above
Load Structure
Exit Load: Unrated TREP & Term Deposits & Rev.Repo Banks Pharmaceuticals Ferrous Metals Software
a) For redemptions/switch outs (including Finance Consumer Non Durables Auto Non - Ferrous Metals REST
SIP/STP) within 30 days from the date of
allotment of units: 0.25%
b) For redemptions/switch outs (including Kotak Equity Arbitrage Fund NAV as on July 31, 2021: `10.7158 (Monthly-Reg-Plan-IDCW), `11.1980 (Monthly-Dir-Plan-IDCW), `29.5162 (Growth Option),
SIP/STP) after 30 days from the date of `30.8230 (Direct Growth Option), `19.9786 (Bimonthly-Reg-Plan-IDCW), `20.1742 (Bimonthly-Dir-Plan-IDCW), `23.0073 (Fortnightly-Reg-Plan-IDCW), `23.4889
allotment of units: Nil ( Fortnightly-Dir-Plan-IDCW)
Product Label
Mod
e erate
erat High ly
Mod
er to
e
at
H
M Low
ig
h
od
Very
Low
High
Low High
Investors understand that their principal will be at low risk

• Income from arbitrage opportunities in the equity market
• Investment in arbitrage opportunities in the cash &
derivatives segment of the equity market.
*For Fund Manager experience, please refer page 69-71, Mr. Hiten Shah has been managing the fund since 03/10/2019. ## Risk rate assumed to be 3.40% (FBIL Overnight MIBOR rate as on 30th July 2021).**Total Expense
Ratio includes applicable B30 fee and GST.
7
18
Maturity Investment style
Short Medium Long Volatility Value Blend Growth Size
KOTAK BALANCED Low Large
ADVANTAGE FUND Medium Medium
An open ended dynamic asset allocation fund High Small
Fund Manager: Mr. Harish Krishnan Kotak Balanced Advantage Fund – Asset Allocation
Mr. Hiten Shah
16000.00 14631.1
Mr. Abhishek Bisen* 15000.00
90.0
79.0 15763.05
14000.00 80.0
AAUM: `9,687.02 crs
13000.00 Nifty 50 Index 14690.7 70.0
AUM: `9,984.11 crs Value (LHS)
12000.00 10977.55 11596.90 60.0
Benchmark: NIFTY 50 Hybrid 11000.00
50.0
Composite Debt 10000.00
36.47
36.58
34.54 40.0
50:50 Index 9000.00
8000.00 29.9 30.0
Allotment date: August 3, 2018 24.5 K-BAF Net Equity (RHS) 7610.25 33.53 34.06
7000.00 20.0
Folio count: 1,80,058
Nov-18
Dec-18
Feb-19
Mar-19
May-19
Nov-19
Dec-19
Feb-20
Mar-20
May-20
Nov-20
Dec-20
Feb-21
Mar-21
May-21
Oct-18
Oct-19
Oct-20
Sep-18
Sep-19
Sep-20
Jan-19
Jun-19
Jul-19
Jan-20
Jun-20
Jul-20
Jan-21
Jun-21
Jul-21
Aug-18
Apr-19
Aug-19
Apr-20
Aug-20
Apr-21
The investment objective of the scheme is Nifty 50 KBAF Net Equity
to generate capital appreciation by Source: Internal Analysis. As on 30th July 2021. Automatic: A fund that gives you freedom from managing equity and debt
investing in a dynamically balanced allocation manually during the market ups and down, giving you a balanced growth.
portfolio of equity & equity related Mutual fund investment are subject to market risk, read all scheme related documents carefully
securities and debt & money market Top 10 Holdings
securities. There is no assurance or
guarantee that the investment objective of Issuer/Instrument Industry/Rating % to Net Assets % to Net Assets
the scheme will be achieved. Derivatives
Available Plans/Options Equity & Equity related

A) Regular Plan B) Direct Plan ICICI Bank Ltd. Banks 2.61
Adani Port and Special Economic Zone Ltd. Transportation 2.56 -2.57
Options: Payout of IDCW, Reinvestment of Tata Steel Ltd. Ferrous Metals 2.38 -2.38
IDCW & Growth (applicable for all plans) CNX NIFTY-AUG2021 -2.36
Reliance Industries Ltd. Petroleum Products 2.29
IDCW Frequency Infosys Ltd. Software 2.27
Trustee's Discretion HDFC Bank Ltd. Banks 2.10
Bharti Airtel Ltd Telecom - Services 2.08 -2.08
Ratios Steel Authority of India Ltd. Ferrous Metals 1.85 -1.86
Tata Consultancy Services Ltd. Software 1.49
Portfolio Turnover 31.53% Others 46.03 -20.16
Equity & Equity Related - Total 65.66 -31.41
Minimum Investment Amount Options 0.04
Initial Investment: `1000 and in multiple of Mutual Fund Units 11.71
Debt Instruments
`1 for purchase and of `0.01 for switches
Debentures and Bonds 2.72
Additional Investment: `1000 & in Government Dated Securities 13.35
multiples of `1 Triparty Repo 6.72
Ideal Investments Horizon: 5 years & above Net Current Assets/(Liabilities) -0.20
Load Structure Grand Total 100.00
Exit Load:
a) For redemption / switch out of upto 8% For detailed portfolio log on to
purchased or switched in within 1 year from www.kotakmf.com/funds/hybrid-funds/Kotak-Balanced-Advantage-Fund/Reg-%20G
the date of allotment: Nil. Also you can scan the QR code for detailed portfolio.
c) If units are redeemed or switched out on Mutual Fund Units as provided above is towards margin for derivatives transactions
or after 1 year from the date of allotment: Equity Derivative Exposuer is 31.41%
NIL
Regular: 1.82%; Direct: 0.49% 11.53 8.25 6.55 3.84 3.68
13.35 9.87 6.72 3.85 3.83 28.53
Product Label Government Dated Securities Unrated Banks Software TREP & Term Deposits & Rev.Repo Ferrous Metals
Consumer Non Durables Petroleum Products Transportation Finance REST
erat
e
Mod
erate
High ly
Mod
er to
e
at
H
M Low
ig
h
od
Monthly SIP of (`) 10000 Since Inception 3 years 1 year

Very
Total amount invested (`) 3,60,000 3,60,000 1,20,000

Low
High
Total Value as on July 30, 2021 (`) 4,53,695 4,53,695 1,32,388

Low High Scheme Returns (%) 15.66 15.66 19.90
Investors understand that their principal will be at moderately high risk NIFTY 50 Hybrid Composite Debt 50:50 Index Returns (%) 16.28 16.28 20.75
This product is suitable for investors who are seeking*: Alpha -0.62 -0.62 -0.85
• Wealth creation over a long period of time.
• Investment in equity, equity related securities & NIFTY 50 Hybrid Composite Debt 50:50 Index (`)# 4,57,677 4,57,677 1,32,901
debt, money market instruments while managing risk
through active allocation. Nifty 50 (TRI) (`)^ 4,97,070 4,97,070 1,43,413
about whether the product is suitable for them. Nifty 50 (TRI) Returns (%) 22.18 22.18 38.50
Scheme Inception : - August 03,2018. The returns are calculated by XIRR approach assuming investment of Rs. 10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and
instead of Price Return Variant (PRI). The debt component of the index is TRI since inception.
*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point
(PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark.
Kotak Balanced Advantage Fund NAV as on July 31, 2021: `13.8640 (Reg-Plan-IDCW), `14.3470 (Dir-Plan-IDCW), `13.8640 (Growth Option) `14.3470 (Direct Growth Option)
*For Fund Manager experience, please refer page 69-71, Mr. Hiten Shah has been managing the fund since 03/10/2019. **Total Expense Ratio includes applicable B30 fee and GST. For last three IDCW, please refer page no 72-
74. For scheme performance, please refer page no 61-68.
7
19
KOTAK EQUITY HYBRID FUND Low Large
Medium Medium
An open-ended hybrid scheme investing predominantly in equity
and equity related instruments High Small
Fund Manager: Mr. Pankaj Tibrewal & PORTFOLIO

Mr. Abhishek Bisen*
AAUM: `1,811.91 crs
Assets Assets
AUM: `1,863.06 crs
Equity & Equity related Petronet LNG Ltd. 0.59
Benchmark: NIFTY 50 Hybrid
Banks 17.08 Finance 1.67
Composite Debt
ICICI Bank Ltd. 5.28 HDFC Ltd. 1.67
65:35 Index
HDFC Bank Ltd. 4.67 Insurance 1.23
Allotment date: November 25, 1999
State Bank Of India 3.45 ICICI Lombard General
Folio count: 52,242 Axis Bank Ltd. 1.83 Insurance Company Ltd 0.77
Investment Objective Kotak Mahindra Bank Ltd. 1.26 HDFC Life Insurance
Investment objective of the scheme is to AU Small Finance Bank Ltd. 0.59 Company Ltd. 0.46
achieve growth by investing in equity and Software 8.84 Fertilisers 0.94
equity related instruments, balanced with Coromandel International Ltd. 0.94
Infosys Ltd. 4.97
income generation by investing in debt and
Tata Consultancy Services Ltd. 2.28 Power 0.91
money market instruments. However, there
Tech Mahindra Ltd. 1.59 National Thermal Power
is no assurance that the objective of the
scheme will be realized. Pharmaceuticals 6.38 Corporation Limited 0.91
Dr Reddys Laboratories Ltd. 1.68 Pesticides 0.81
Available Plans/Options
A) Regular Plan B) Direct Plan Cipla Ltd. 1.21 P I Industries Ltd 0.81
Sun Pharmaceuticals Transportation 0.68
Options: Payout of IDCW, Reinvestment of
Industries Ltd. 1.17 Blue Dart Express Ltd. 0.68
Cadila Healthcare Ltd 1.07 Textile Products 0.41
IDCW Frequency
Torrent Pharmaceuticals Ltd. 0.81 Page Industries Ltd 0.41
Half Yearly (25th of Mar/Sep)
Lupin Ltd. 0.44 Ferrous Metals 0.07
Ratios Shyam Metalics and
Cement & Cement Products 4.66
Portfolio Turnover 24.95% JK Cement Ltd. 2.19 Energy Ltd 0.07
The Ramco Cements Ltd 1.72 Equity & Equity
$
Beta 1.29
Shree Cement Ltd. 0.75 Related - Total 75.25
$
Sharpe## 0.64 Consumer Durables 4.61 Mutual Fund Units
Century Plyboards (India) Ltd. 2.18 Brookfield India Real
$
Standard Deviation 19.04% Estate Trust Construction 0.31
Sheela Foam Ltd 1.57
Source: $ICRA MFI Explorer. Kajaria Ceramics Ltd. 0.52 Mutual Fund Units - Total 0.31
Minimum Investment Amount Dixon Technologies India Ltd. 0.34 Futures
Initial Investment: `5000 and in multiple of Petroleum Products 4.17 CNX NIFTY-AUG2021 -2.15
`1 for purchase and for `0.01 for switches Reliance Industries Ltd. 2.75 Debt Instruments
Additional Investment: `1000 & in Debentures and Bonds
Bharat Petroleum
multiples of `1
Ideal Investments Horizon: 5 years & above Corporation Ltd. 0.96 Corporate Debt/
Indian Oil Corporation Ltd 0.33 Financial Institutions
Load Structure
Reliance Industries Ltd - Tata Projects Ltd. FITCH IND AA 0.11
Exit Load: Partly Paid Shares 0.13 LIC Housing Finance Ltd. CRISIL AAA 0.03
a) For redemption / switch out of upto 8% Industrial Products 3.71 Corporate Debt/Financial
of the initial investment amount (limit) Schaeffler India Ltd 1.64 Institutions - Total 0.14
Supreme Industries Limited 1.61 Public Sector
b) If units redeemed or switched out are in Cummins India Ltd. 0.46 Undertakings
excess of the limit within 1 year from the Construction 3.13 Power Finance
date of allotment: 1% Mahindra Lifespace Corporation Ltd. CRISIL AAA 1.29
c) If units are redeemed or switched out on Developers Ltd 1.41 Canara Bank CRISIL AA 1.13
NIL Oberoi Realty Ltd 1.04 National Cooperative
JMC Projects (India) Ltd. 0.68 Development Corporation CRISIL AA 0.54
Consumer Non Durables 3.32 Public Sector
Emami Ltd. 0.94 Undertakings - Total 2.96
ITC Ltd. 0.87 Government Dated Securities
Hindustan Unilever Ltd. 0.84 6.67% Central Government SOV 3.78
United Spirits Ltd. 0.67 6.76% Central Government SOV 2.29
Chemicals 3.05 4.7% Central Government SOV 2.12
Solar Industries India Limited 1.80 6.64% Central Government SOV 1.58
Galaxy Surfactants Ltd. 1.16 8.03% State
Data as on July 31, 2021 Laxmi Organic Government-Uttar Pradesh SOV 1.15
Industries Limited 0.09 7.17% State
Product Label
Auto 2.91 Government-Gujarat SOV 0.83
Maruti Suzuki India Limited 1.23 6.75% State
Mahindra & Mahindra Ltd. 0.86 Government-Bihar SOV 0.54
e
Mod
erate V.S.T Tillers Tractors Ltd 0.82 6.72% State
erat High ly
Mod Government-Kerala SOV 0.27
Construction Project 2.50
er to
e
at
H
M Low
GS CG 23/12/2025 - (STRIPS) SOV 0.04

ig
Techno Electric & Engineering

h
od
Company Limited 1.31 Government Dated

Very
Securities - Total 12.60

Low

High
Industrial Capital Goods 2.18 Triparty Repo 6.95

Low High Net Current Assets/
Thermax Ltd. 2.18
Gas 1.99 (Liabilities) 1.79
• Long term capital growth Gujarat Gas Ltd. 1.40 Grand Total 100.00
• Investment in equity & equity related securities balanced
with income generation by investing in debt & money.
* Investors should consult their financial advisors if in doubt Term Deposit as provided above is towards margin for derivatives transactions
7
20
KOTAK EQUITY HYBRID FUND
An open-ended hybrid scheme investing predominantly in equity and equity related instruments

6.95 4.66 4.17 3.44
17.08 12.60 8.84 6.38 4.61 3.71 27.56
Banks Government Dated Securities Software TREP & Term Deposits & Rev.Repo Pharmaceuticals
Cement & Cement Products Consumer Durables Petroleum Products Industrial Products
Construction REST

Monthly SIP of (`) 10000 Since Inception 5 years 3 year 1 year
Total amount invested (`) 8,10,000 6,00,000 3,60,000 1,20,000
Total Value as on July 30, 2021 (`) 13,26,924 9,04,471 5,14,827 1,46,184
Scheme Returns (%) 14.41 16.45 24.74 43.23
NIFTY 50 Hybrid Composite Debt 65:35 Index Returns (%) 13.23 14.56 18.22 25.65
Alpha 1.18 1.90 6.52 17.58
NIFTY 50 Hybrid Composite Debt 65:35 Index (`)# 12,74,211 8,63,377 4,70,396 1,35,872
Nifty 50 (TRI) (`)^ 13,51,656 9,14,031 4,97,091 1,43,246
Nifty 50 (TRI) Returns (%) 14.95 16.88 22.18 38.15
Scheme Inception : - November 03, 2014. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and
instead of Price Return Variant (PRI).
Kotak Equity Hybrid Fund NAV as on July 31, 2021: `21.7140 (Reg-Plan-IDCW), `25.1940 (Dir-Plan-IDCW), `36.9480 (Growth Option) `41.0990 (Direct Growth Option)
7
21
KOTAK EQUITY SAVINGS FUND Low Large
Medium Medium
An open-ended scheme investing in equity, arbitrage and debt High Small
Fund Manager: Mr. Devender Singhal Top 10 Holdings

Mr. Abhishek Bisen Issuer/Instrument Industry/Rating % to Net Assets % to Net Assets
Mr. Hiten Shah* Derivatives
AAUM: `1,499.71 crs Equity & Equity related
AUM: `1,506.11 crs Steel Authority of India Ltd. Ferrous Metals 5.56 -5.57
Benchmark: 75% NIFTY 50 CNX NIFTY-AUG2021 -4.48
ARBITRAGE + 25% ICICI Bank Ltd. Banks 3.20
Nifty 50 TRI Reliance Industries Ltd. Petroleum Products 2.99
Allotment date: October 13, 2014 Grasim Industries Ltd. Cement & Cement Products 2.83 -2.83
Folio count: 15,442 ITC Ltd. Consumer Non Durables 2.83
State Bank Of India Banks 2.58
The investment objective of the scheme is Adani Enterprises Ltd. Minerals/Mining 2.40 -2.41
to generate capital appreciation and Maruti Suzuki India Limited Auto 2.28
income by predominantly investing in
arbitrage opportunities in the cash and ICICI Bank Ltd. Banks 2.23 -2.23
derivatives segment of the equity market, Others 40.47 -19.41
and enhance returns with a moderate Equity & Equity Related - Total 67.37 -36.93
exposure in equity & equity related
instruments. There is no assurance or Mutual Fund Units 16.69
guarantee that the investment objective of Debt Instruments
the scheme will be achieved.
Debentures and Bonds 1.39
A) Regular Plan B) Direct Plan Government Dated Securities 3.62
Triparty Repo 9.22
IDCW & Growth (applicable for all plans) Net Current Assets/(Liabilities) 1.71
IDCW Frequency Grand Total 100.00
Monthly (12th of every month) Quarterly
(20th of March, June, September and
December of every year)
For detailed portfolio log on to
Ratios
www.kotakmf.com/funds/hybrid-funds/Kotak-Equity-Savings-Fund/Reg-%20G
$
Also you can scan the QR code for detailed portfolio.
Beta 1.50
$
Sharpe## 0.55
$
Standard Deviation 8.43% Mutual Fund Units as provided above is towards margin for derivatives transactions
Source: $ICRA MFI Explorer. Equity Derivative Exposuer is 36.93%

`1 for purchase and for `0.01 for switches 9.21 5.92 3.62 3.53
Additional Investment: `1000 & in....... 16.69 12.06 9.22 6.37 5.24 3.6 24.54
multiples of `1 for purchase and for `0.01
for switches
Load Structure Unrated Banks TREP & Term Deposits & Rev.Repo Ferrous Metals Software Consumer Non Durables
Entry Load: Nil.
Exit Load: Petroleum Products Government Dated Securities Minerals/Mining Cement & Cement Products REST
purchased or switched in within 1 year from SYSTEMATIC INVESTMENT PLAN (SIP)
b) If units redeemed or switched out are in Systematic Investment Plan (SIP) If you had invested `10,000 every month
Monthly SIP of (`) 10000 Since Inception 5 years 3 year 1 year
c) If units are redeemed or switched out on Total amount invested (`) 8,20,000 6,00,000 3,60,000 1,20,000
Total Value as on July 30, 2021 (`) 11,13,768 7,56,578 4,23,588 1,28,763
NIL
Scheme Returns (%) 8.83 9.22 10.88 13.94
Regular: 2.22%; Direct: 1.23% 75% NIFTY 50 ARBITRAGE + 25% Nifty 50 Returns (%) 7.62 7.91 8.95 12.42
Alpha 1.22 1.31 1.93 1.52
75% NIFTY 50 ARBITRAGE + 25% Nifty 50 (`)# 10,67,665 7,32,206 4,11,803 1,27,826
Data as on July 31, 2021 CRISIL 10 Year Gilt Index (`)^ 10,41,881 7,07,994 3,97,875 1,21,383
Product Label CRISIL 10 Year Gilt Index (%) 6.91 6.57 6.62 2.16
Mod Scheme Inception : - October 13, 2014. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working day of every month. XIRR
e erate
erat High ly helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration.
Mod
Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception. # Benchmark ; ^ Additional Benchmark
er to
e
at
TRI – Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the
M Low
ig
h
od
Benchmark Index instead of Price Return Variant (PRI).

Very
Low
Kotak Equity Savings Fund NAV as on July 31, 2021: `17.4211 (Growth Option), `12.8490 (Monthly-Reg-Plan-IDCW), `12.7965 (Quarterly-Reg-Plan-IDCW),
High
`18.3461 (Direct Growth Option), `13.2852 (Monthly-Dir-Plan-IDCW), `12.9421 (Quarterly-Dir-Plan-IDCW)

Low High
*For Fund Manager experience, please refer page 70-72, Effective April 01, 2021 Kotak Equity Savings Fund will be managed by Mr. Devender Singhal, Mr. Abhishek
Bisen and Mr. Hiten Shah.
Investors understand that their principal will be at moderately high risk
## Risk rate assumed to be 3.40% (FBIL Overnight MIBOR rate as on 30th July 2021).**Total Expense Ratio includes applicable B30 fee and GST.
This product is suitable for investors who are seeking*: For last three IDCW, please refer page no 72-74. For scheme performance, please refer page no 61-68.
• 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
7
22
Investment style Maturity
Value Blend Growth Size Short Medium Long Volatility
KOTAK DEBT HYBRID FUND Large Low
Medium Medium
An open-ended hybrid scheme investing predominantly in High
debt instruments Small
Fund Manager: Mr. Devender Singhal & PORTFOLIO

Mr. Abhishek Bisen*
AAUM: `750.72 crs Assets Assets
AUM: `815.27 crs
Equity & Equity related Industrial Products 0.36
Benchmark: CRISIL Hybrid 85+15 - Banks 4.01 Ksb Ltd 0.36
Conservative Index ICICI Bank Ltd. 2.08 Construction Project 0.34
Allotment date: December 02, 2003 State Bank Of India 1.18 Techno Electric & Engineering
Folio count: 12,323 Axis Bank Ltd. 0.75 Company Limited 0.22
Investment Objective Consumer Non Durables 3.15 Larsen And Toubro Ltd. 0.12
The investment objective of the scheme is to ITC Ltd. 1.62 Ferrous Metals 0.33
enhance returns over a portfolio of debt Emami Ltd. 0.75 Jindal Steel & Power Ltd. 0.21
instruments with a moderate exposure in
equity and equity related instruments. By United Breweries Ltd. 0.44 Shyam Metalics and Energy Ltd 0.12
investing in debt securities, the scheme will United Spirits Ltd. 0.22 Aerospace & Defense 0.23
aim at generating regular returns, while Prataap Snacks Ltd 0.12 Bharat Electronics Ltd. 0.23
enhancement of return is intended through
investing in equity and equity related Petroleum Products 2.23 Pesticides 0.18
securities. The scheme may also use various Reliance Industries Ltd - India Pesticides Limited 0.18
derivative and hedging products from time
to time, in the manner permitted by SEBI. Partly Paid Shares 0.89 Finance 0.07
There is no assurance that the investment Reliance Industries Ltd. 0.85 Mahindra & Mahindra
objective of the schemes will be realised. Bharat Petroleum Financial Services Ltd. 0.07
Available Plans/Options Corporation Ltd. 0.34 Equity & Equity
A) Regular Plan B) Direct Plan
Hindustan Petroleum Related - Total 23.57
IDCW & Growth (applicable for all plans) Corporation Ltd 0.15 Debt Instruments
IDCW Frequency Consumer Durables 2.04 Debentures and Bonds
Monthly (12th of every Month) Quarterly Pokarna Ltd. 0.74 Government Dated Securities
(20th of Mar/Jun/Sep/Dec) Greenply Industries Ltd. 0.62 4.70% Central Government SOV 10.35
Ratios Century Plyboards (India) Ltd. 0.57 6.67% Central Government SOV 9.79
Portfolio Average Maturity 13.42 yrs Dixon Technologies India Ltd. 0.11 6.76% Central Government SOV 9.31
IRS Average Maturity* -
Software 1.86 6.64% Central Government SOV 8.44
Net Average Maturity 13.42 yrs
Portfolio Modified Duration 5.11 yrs Persistent Systems Limited 0.94 8.03% State
IRS Modified Duration* - Firstsource Solutions Ltd. 0.70 Government-Uttar Pradesh SOV 3.28
Net Modified Duration 5.11 yrs Infosys Ltd. 0.22 6.82% State
Portfolio Macaulay Duration 5.31 yrs
Auto 1.38 Government-Maharashtra SOV 2.51
IRS Macaulay Duration* -
Net Macaulay Duration 5.31 yrs Maruti Suzuki India Limited 1.01 6.72% State
YTM 5.79% Mahindra & Mahindra Ltd. 0.27 Government-Kerala SOV 1.55
$
Standard Deviation 3.55% Tata Motors Ltd. 0.10 6.75% State
*Interest Rate Swap Construction 1.29 Government-Bihar SOV 1.24
Source: $ICRAMFI Explorer. PNC Infratech Ltd 0.41 8.27% State
Standard Deviation is calculated on G R Infraprojects Limited 0.30 Government-Rajasthan SOV 0.65
Annualised basis using 3 years history of
monthly returns. KNR Constructions Ltd. 0.30 8.42% State
Minimum Investment Amount Mahindra Lifespace Government-Tamil Nadu SOV 0.46
Initial Investment: (i) Reinvestment of IDCW Developers Ltd 0.28 GS CG 23/12/2025 - (STRIPS) SOV 0.10
& Growth and Payout of IDCW (Quarterly) - Telecom - Services 1.22 Government Dated
`5000 & above (ii) Payout of IDCW
(Monthly) - `50,000 & above Additional Bharti Airtel Ltd 1.22 Securities - Total 47.68
Investment: `1000 & in multiples of `1 Pharmaceuticals 0.97 Public Sector
Ideal Investments Horizon - 3 year & above Gland Pharma Limited 0.33 Undertakings
Load Structure Solara Active Pharma Power Finance
Entry Load: Nil. (applicable for all plans) Sciences Ltd. 0.32 Corporation Ltd. CRISIL AAA 5.68
Exit Load: Eris Lifesciences Ltd. 0.18 Canara Bank
a) For redemption / switch out of upto 8% Cadila Healthcare Ltd 0.14
of the initial investment amount (limit) (Basel III TIER I Bonds) CRISIL AA 2.10
purchased or switched in within 1 year from Power 0.89 National Cooperative
the date of allotment: Nil. National Thermal Power Development Corporation CRISIL AA 1.22
b) If units redeemed or switched out are in Corporation Limited 0.89 Power Finance
date of allotment: 1% Auto Ancillaries 0.69 Corporation Ltd. CRISIL AAA 0.84
c) If units are redeemed or switched out on Subros Ltd. 0.45 Indian Railway Finance
or after 1 year from the date of allotment: Varroc Engineering Ltd. 0.24 Corporation Ltd. CRISIL AAA 0.53
NIL
Cement & Cement Products 0.63 Rural Electrification
The Ramco Cements Ltd 0.28 Corporation Ltd. CRISIL AAA 0.27
Regular: 2.04%; Direct: 0.63% Ultratech Cement Ltd. 0.19 Punjab National Bank
JK Cement Ltd. 0.16 (Basel III TIER I Bonds) FITCH AA(IND) 0.11
Retailing 0.45 NHPC Ltd. ICRA AAA 0.09
Product Label
Zomato Ltd. 0.26 Public Sector
Mod
Indiamart intermesh ltd. 0.19 Undertakings - Total 10.84
e erate
erat High ly Entertainment 0.44 Corporate Debt/
Mod
er to
e
Zee Entertainment Financial Institutions

at
H
M Low
ig
h
od
Enterprises Ltd 0.44 Hindalco Industries Ltd. CRISIL AA+ 0.09

Very
Chemicals 0.43 Corporate Debt/Financial

Low
High
Clean Science and Institutions - Total 0.09

Low High Technology Ltd 0.43 Triparty Repo 20.07
Investors understand that their principal will be at moderately high risk Leisure Services 0.38 Net Current Assets/
• Income & capital growth over a long term horizon Barbeque Nation (Liabilities) -2.25
• Investment in a portfolio of debt instruments with a Hospitality Ltd. 0.38
moderate exposure in equity & equity related Grand Total 100.00
instruments
23
KOTAK DEBT HYBRID FUND
An open-ended hybrid scheme investing predominantly in debt instruments
- 2.25 47.68 23.57 20.07 10.93
Government Dated Securities Equities TREP & Term Deposits & Rev.Repo
Debentures and Bonds Net Current Assets
RATING PROFILE (%)
- 2.25 55.09 23.57 20.07 3.52
AAA, SOV Equities TREP & Term Deposits & Rev.Repo AA, AA(IND) Net Current Assets

Scheme Returns (%) 8.92 10.23 10.21 10.87 14.27 18.01
CRISIL Hybrid 85+15 - Conservative Index Returns (%) 9.10 9.85 9.72 9.88 11.13 9.29
Alpha -0.18 0.38 0.49 0.98 3.13 8.71
CRISIL Hybrid 85+15 - Conservative Index (`)# 50,56,710 19,98,145 11,86,656 7,69,043 4,25,105 1,25,869
CRISIL 10 Year Gilt Index (`)^ 39,92,862 17,39,868 10,76,155 7,08,041 3,97,968 1,21,356
CRISIL 10 Year Gilt Index Returns (%) 6.73 7.22 6.98 6.57 6.64 2.12
Scheme Inception : - December 02, 2003. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working day of every month. XIRR helps
in calculating return on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration. Since
inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception. # Benchmark ; ^ Additional Benchmark.
Kotak Debt Hybrid Fund NAV as on July 31, 2021: `40.8309 (Growth Option), `44.7691 (Direct Growth Option), `12.9409 (Monthly-Reg-Plan-IDCW), `13.6866
(Monthly-Dir-Plan-IDCW), `14.9418 (Quarterly-Reg-Plan-IDCW), `15.9602 (Quarterly-Dir-Plan-IDCW)
*For Fund Manager experience, please refer page 69-71. ## Risk rate assumed to be 3.40% (FBIL Overnight MIBOR rate as on 30th July 2021).**Total Expense Ratio
includes applicable B30 fee and GST. For last three IDCW, please refer page no 72-74. For scheme performance, please refer page no 61-68.
24
Maturity
KOTAK OVERNIGHT FUND Low
Medium
An open ended debt scheme investing in overnight securities High
Fund Manager: Mr. Deepak Agrawal* PORTFOLIO

AAUM: `7,351.15 crs Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net
Benchmark: NIFTY 1D Rate index Reverse Repo 66.90 Grand Total 100.00
Triparty Repo 32.74
Allotment date: January 15, 2019
Folio count: 4,149 ALLOCATION (%)
99.64 0.36
The primary objective of the Scheme is to
generate income through investment in
debt & money market instruments having
maturity of one business day (including
CBLO (Tri-Party Repo), Reverse Repo and TREP & Term Deposits & Rev.Repo Net Current Assets
equivalent). However, there is no
assurance or guarantee that the
investment objective of the scheme will be
achieved. RATING PROFILE (%)
A)Regular Plan B)Direct Plan 99.64 0.36
IDCW Frequency
Daily, Weekly (Every Monday) (applicable
for all plans)
TREP & Term Deposits & Rev.Repo Net Current Assets
Ratios
Portfolio Average Maturity 0.01 yrs
IRS Average Maturity* 0.00 yrs
Portfolio Modified Duration 0.01 yrs
IRS Modified Duration* 0.00 yrs
Net Modified Duration 0.01 yrs
IRS Macaulay Duration* 0.00 yrs
Net Macaulay Duration 0.01 yrs
YTM 3.24%
$
*Interest Rate Swap
multiples of `1 for purchase and for 0.01
for switches
Ideal Investment Horizon: 1 days
Load Structure
Exit Load: Nil. (applicable for all plans)
Regular: 0.20%; Direct:0.10%
Product Label
Mod
e erate
erat High ly
Mod
er to
e
at
H
M Low
ig
h
od
Very
Low
High
Low High
Investors understand that their principal will be at low risk

• Income over a short term investment horizon
• Investment in debt & money market securities having
maturity of one business day.
Kotak Overnight Fund NAV as on July 31, 2021: `1,107.3391 (Growth Option), `1,109.4812 (Direct Growth Option), `1,004.8400 (Daily-Reg-Plan-IDCW), `1,003.6914 (Daily-Dir-Plan-IDCW), `1,067.2127 (Weekly-Reg-
Plan-IDCW)
25
Maturity
Short Medium Long Volatility Fund Manager: Mr. Deepak Agrawal* AAUM: `30,591.00 crs
KOTAK LIQUID FUND Low Benchmark: Nifty Liquid Index AUM: `24,603.30 crs
Medium
Folio count: 55,117
An open-ended liquid scheme High
The investment objective of the Scheme is to PORTFOLIO
provide reasonable returns and high level of
liquidity by investing in debt instruments such as Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net
bonds, debentures & Government Securities; and Assets Assets
money market instruments such as treasury bills,
commercial paper, certificate of deposit, Debt Instruments Public Sector
including repos in permitted securities of
different maturities, so as to spread the risk across Debentures and Bonds Undertakings
different kinds of issuers in the debt markets. The Corporate Debt/ National Bank for Agriculture
Scheme may invest in call money/term money
market in terms of RBI guidelines in this respect. Financial Institutions & Rural Development ICRA A1+ 7.00
Subject to the maximum amount permitted from HDFC Ltd. CRISIL AAA 0.84 National Thermal Power
time to time, the Scheme may invest in offshore Mahindra & Mahindra Corporation Ltd. CRISIL A1+ 4.50
securities in the manner allowed by SEBI / RBI,
provided such investments are in conformity with Financial Services Ltd. ( ) FITCH IND AAA 0.35 Steel Authority of India Ltd. FITCH IND A1+ 1.67
the investment objective of the Scheme and the LIC Housing Finance Ltd. CRISIL AAA 0.25 Chennai Petroleum
prevailing guidelines and Regulations. To reduce
the risk of the portfolio, the Scheme may also use ICICI Home Finance Corporation Ltd. CRISIL A1+ 1.58
various derivative and hedging products from Company Limited CRISIL AAA 0.04 Bharat Heavy Electricals Ltd. CRISIL A1+ 1.00
time to time, in the manner permitted by SEBI.
There is no assurance that the investment Corporate Debt/Financial GIC Housing Finance Ltd. CRISIL A1+ 1.00
objective of the Schemes will be realised. Institutions - Total 1.48 National Bank for Agriculture
Available Plans/Options Money Market Instruments & Rural Development CRISIL A1+ 1.00
A) Regular Plan B) Direct Plan Commercial Paper(CP)/ Bharat Oman
Options: Payout of IDCW, Reinvestment of IDCW
& Growth (applicable for all plans) Certificate of Deposits(CD) Refineries Limited CRISIL A1+ 0.99
Corporate Debt/ Export-Import Bank of India CRISIL A1+ 0.83
IDCW Frequency
Daily, Weekly (Every Monday) (applicable for all Financial Institutions Public Sector
plans) Reliance Jio Infocomm Ltd. CRISIL A1+ 6.31 Undertakings - Total 19.57
Ratios Tata Capital Financial Reverse Repo 7.87
Portfolio Average Maturity 0.10 yrs Services Limited CRISIL A1+ 4.68 Treasury Bills
IRS Average Maturity* - Bajaj Finance Ltd. CRISIL A1+ 3.34 91 Days Treasury
Net Average Maturity 0.10 yrs Reliance Industries Ltd. CRISIL A1+ 2.76 Bill 19/08/2021 SOV 8.00
Portfolio Modified Duration 0.10 yrs Reliance Retail Ventures Ltd CRISIL A1+ 2.50 182 Days Treasury
IRS Modified Duration* - IDFC First Bank Limited CRISIL A1+ 1.66
0.10 yrs Bill 16/09/2021 SOV 5.05
Net Modified Duration Muthoot Finance Ltd. CRISIL A1+ 1.58
0.10 yrs
91 Days Treasury
Portfolio Macaulay Duration Motilal Oswal Finvest Ltd. CRISIL A1+ 1.25
-
Bill 16/09/2021 SOV 3.66
IRS Macaulay Duration* Hindustan Zinc Ltd. CRISIL A1+ 1.00
0.10 yrs 91 Days Treasury
Net Macaulay Duration Tata Capital Housing
YTM 3.49% Bill 23/09/2021 SOV 3.44
Finance Ltd. CRISIL A1+ 1.00 91 Days Treasury
$
Birla Group Holding Bill 30/09/2021 SOV 3.33
*Interest Rate Swap
Private Limited CRISIL A1+ 0.99
Source: $ICRAMFI Explorer. Standard Deviation is 91 Days Treasury
calculated on Annualised basis using 3 years Sundaram Finance Ltd. CRISIL A1+ 0.99
Bill 09/09/2021 SOV 2.67
history of monthly returns. Aditya Birla Finance Ltd. ICRA A1+ 0.83
182 Days Treasury
AXIS Bank Ltd. CRISIL A1+ 0.67
Minimum Investment Amount Bill 21/10/2021 SOV 1.44
Initial Investment: `500 and in multiple of `1 for HDFC Securities Limited CRISIL A1+ 0.66
purchases and of `0.01 for switches 91 Days Treasury
ICICI Securities Primary
Additional Investment: `500 and in multiples of Bill 28/10/2021 SOV 1.00
`1 for purchases and of `0.01 for switches Dealership Ltd. CRISIL A1+ 0.66
182 Days Treasury
Ideal Investment Horizon: 7 days to month Nirma Ltd. CRISIL A1+ 0.57
Bill 14/10/2021 SOV 0.91
Total Expense Ratio** Godrej Industries Ltd CRISIL A1+ 0.50
364 Days Treasury
Regular: 0.32%; Direct: 0.20% Motilal Oswal Financial
Bill 16/09/2021 SOV 0.58
Load Structure Services Limited CRISIL A1+ 0.33
91 Days Treasury
Entry Load: Nil. (applicable for all plans) RBL Bank Ltd. ICRA A1+ 0.33
Bill 05/08/2021 SOV 0.35
Exit Load Structure Sharekhan Limited CRISIL A1+ 0.33
1. Exit load shall applicable be as per the graded basis as Treasury Bills - Total 30.43
Axis Securities Limited ICRA A1+ 0.17
specified below: Triparty Repo 4.17
Investor exit upon Exit load as a % of Julius Baer Capital
subscription redemption proceeds (India) Pvt. Ltd CRISIL A1+ 0.17 Net Current Assets/
Day 1 0.0070% Corporate Debt/Financial (Liabilities) 3.20
Day 2 0.0065%
Institutions - Total 33.28 Grand Total 100.00
Day 3 0.0060%
Day 4 0.0055%
Day 5 0.0050%
Day 6 0.0045% ALLOCATION (%)
Day 7 onwards 0.0000%
Any exit load charged (net off Goods and Services tax, if 52.85 30.43 12.04 3.2 1.48
any) shall be credited back to the Scheme. Units issued on
reinvestment of IDCW shall not be subject to entry and
exit load.
2. The revised exit load shall be effective for all fresh
investments
Commercial Paper (CP)/Certificate of Deposits (CD) Treasury Bills TREP & Term Deposits & Rev.Repo
3. The revised load structure will be applicable for Insta
Redemption facility as per the applicable circular. Net Current Assets Debentures and Bonds
4. Applicability of revised exit load on redemption
/switch-out of units would be done on First in First out
Basis (’FIFO’).
RATING PROFILE (%)
Product Label 84.76 12.04 3.2
Mod
e erate
erat High ly
Mod
er to
A1+, AAA, IND A1+, IND AAA, SOV TREP & Term Deposits & Rev.Repo Net Current Assets
e
at
H
M Low
ig
h
od
Very
Kotak Liquid Fund NAV as on July 31, 2021: `4,185.0024 (Growth Option), `4,205.1550 (Direct Growth Option), `1,000.6051 (Weekly-Reg-Plan-IDCW),
Low
`1,005.5843 (Weekly-Dir-Plan-IDCW), `1,222.9146 (Daily-Reg-Plan-IDCW), `1,222.9187 (Daily-Dir-Plan-IDCW)

igh
Low High
Investors understand that their principal will be at low to moderate risk
• Investment in debt & money market securities
26
Maturity
KOTAK MONEY MARKET FUND Low
Medium
An open-ended debt scheme investing in money market instruments High

AAUM: `10,947.44 crs
Benchmark: Nifty Money Market
Debt Instruments Sundaram Finance Ltd. CRISIL A1+ 1.32
Index Hindustan Zinc Ltd. CRISIL A1+ 0.89
Debentures and Bonds
Allotment date: July 14, 2003 Corporate Debt/ Barclays Investments &
Folio count: 12,397 Financial Institutions Loan (India) Ltd. CRISIL A1+ 0.88
Corporate Debt/Financial Kec International Ltd. CRISIL A1+ 0.67
The investment objective of the Scheme is Institutions - Total JM Financial Products Limited CRISIL A1+ 0.65
to generate returns by investing in money Government Dated Securities AXIS Finance Ltd. CRISIL A1+ 0.53
market instruments having maturity upto 1 8.79% Central Government SOV 19.82 Can Fin Homes Ltd. ICRA A1+ 0.44
year. There is no assurance that the 8.20% Central Government SOV 0.92 ICICI Securities Limited ICRA A1+ 0.44
investment objective of the Scheme will be 6.10% State Network18 Media &
realised. Government-Karnataka SOV 0.90 Investments Ltd. FITCH IND A1+ 0.44
Available Plans/Options 7.86% State Northern Arc Capital Limited ICRA A1+ 0.44
A) Regular Plan B) Direct Plan Government-Assam SOV 0.41 Shriram Transport
Options: Payout of IDCW (w.e.f May 15, Government Dated Finance Co Ltd. CRISIL A1+ 0.31
2017, Under Monthly IDCW option only),
Securities - Total 22.05 Bharti Airtel Ltd. CRISIL A1+ 0.22
R e i n v e s t m e n t o f I D C W & G ro w t h
(applicable for all plans Money Market Instruments Corporate Debt/Financial
Commercial Paper(CP)/ Institutions - Total 57.91
IDCW Frequency
Daily, Weekly (Every Monday) and Monthly Certificate of Deposits(CD) Public Sector Undertakings
(12th of every Month) Corporate Debt/ National Bank for Agriculture
Financial Institutions & Rural Development CRISIL A1+ 0.89
Ratios
Reliance Industries Ltd. CRISIL A1+ 6.43 National Bank for Agriculture &
Portfolio Average Maturity 0.37 yrs LIC Housing Finance Ltd. CRISIL A1+ 6.10 Rural Development FITCH A1+(IND) 0.83
IRS Average Maturity* - AXIS Bank Ltd. CRISIL A1+ 6.61 Public Sector
Net Average Maturity 0.37 yrs Tata Power Company Ltd. CRISIL A1+ 4.44 Undertakings - Total 1.72
Portfolio Modified Duration 0.36 yrs Cholamandalam Investment
Treasury Bills
IRS Modified Duration* - and Finance Company Ltd. CRISIL A1+ 2.82
182 Days Treasury Bill 09/12/2021 SOV 5.66
Net Modified Duration 0.36 yrs Hero FinCorp Ltd. CRISIL A1+ 2.66
Portfolio Macaulay Duration 0.36 yrs Piramal Enterprises Ltd. CRISIL A1+ 2.60
IRS Macaulay Duration* - IndusInd Bank Ltd. CRISIL A1+ 2.42
Net Macaulay Duration 0.36 yrs Bajaj Housing Finance Ltd. CRISIL A1+ 2.18
YTM 3.83% Tata Motors Ltd. CRISIL A1+ 2.16
$
Standard Deviation 0.22% Muthoot Finance Ltd. CRISIL A1+ 1.99
Bharti Hexacom Ltd. CRISIL A1+ 1.78
*Interest Rate Swap Treasury Bills - Total 15.61
AU Small Finance Bank Ltd. CRISIL A1+ 1.76
HDFC Ltd. CRISIL A1+ 1.75 Triparty Repo 2.33
Source: $ ICRAMFI Explorer. Standard
Deviation is calculated on Annualised basis Daimler Financial Services India CRISIL A1+ 1.73 Net Current Assets/
using 3 years history of monthly returns. Fullerton India Credit Co. Ltd. CRISIL A1+ 1.71 (Liabilities) 0.38
Minimum Investment Amount Godrej Properties Limited CRISIL A1+ 1.54 Grand Total 100.00
Initial Investment: `5000 Under growth,
weekly IDCW and monthly IDCW option & ALLOCATION (%)
`1,00,000 under Daily Reinvestment of 59.63 22.05 15.61 2.33 0.38
IDCW option,
Additional Investment: `1000 & in multiples
of `1 Commercial Paper (CP)/Certificate of Deposits (CD) Government Dated Securities Treasury Bills
Ideal Investment Horizon: 3-6 Months
Load Structure
Entry Load: Nil. (applicable for all plans) RATING PROFILE (%)
Exit Load: Nil (applicable for all plans)
97.29 2.33 0.38
A1+, A1+(IND), AAA, IND A1+, SOV TREP & Term Deposits & Rev.Repo Net Current Assets
Mod
te erate
Mod
era High ly Monthly SIP of (`) 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
er to
e
at
H
M Low
ig
h
od
Very
Low
Scheme Returns (%) 7.41 7.14 6.58 6.20 5.45 3.84

High
Nifty Money Market Index Returns (%) 7.48 6.90 6.24 5.77 5.04 3.76
Low High
Investors understand that their principal will be at moderate risk Alpha -0.06 0.24 0.34 0.42 0.41 0.07
Nifty Money Market Index (`)# 44,80,202 17,11,193 10,48,299 6,94,013 3,88,597 1,22,397
• Investment in money market securities CRISIL 1 Year T-Bill Index (`)^ 40,02,505 16,85,078 10,49,578 6,97,602 3,91,064 1,22,506
about whether the product is suitable for them. CRISIL 1 Year T-Bill Index Returns (%) 6.37 6.61 6.27 5.98 5.47 3.94
Scheme Inception : - July 14, 2003. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and final
value and a series of cash inflows and outflows and taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception.
# Benchmark ; ^ Additional Benchmark.
Kotak Money Market Fund NAV as on July 31, 2021: `3,510.3394 (Growth Option), `3,528.3175 (Direct Growth Option), `1,030.7600 (Weekly-Reg-Plan-IDCW), `1,022.1303 (Weekly-Dir-Plan-IDCW), `1,046.0043
(Monthly-Reg-Plan-IDCW), `1,032.9574 (Monthly-Dir-Plan-IDCW), `1,035.6250 (Daily-Reg-Plan-IDCW), `1,056.5084 (Daily-Dir-Plan-IDCW)
*For Fund Manager experience, please refer page 69-71. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 61-68. For last three IDCW, please refer page no 72-74.
27
Maturity
KOTAK SAVINGS FUND Low
Medium
An open-ended ultra-short term debt scheme investing in instruments such that the High
macaulay duration of the portfolio is between 3 months and 6 months
Fund Manager: Mr. Deepak Agrawal*
PORTFOLIO
AAUM: `11,814.60 crs
AUM: `13,189.90 crs
Assets Assets
Benchmark: NIFTY Ultra Short
Duration Debt Index Debt Instruments Financial Services Ltd. FITCH AAA(IND) 0.15
Allotment date: August 13, 2004 Debentures and Bonds Tata Projects Ltd. FITCH IND AA 0.15
Folio count: 44,775 Government Corporate Debt/Financial
Investment Objective Dated Securities Institutions - Total 18.05
The investment objective of the Scheme is
to generate returns through investments in 8.79% Central Government SOV 17.01 Money Market Instruments
debt and money market instruments with a 3.51% Central Government SOV 2.44 Commercial Paper(CP)/
view to reduce the interest rate risk.
However, there is no assurance or 8.11% State Certificate of Deposits(CD)
guarantee that the investment objective of
Government-Chattisgarh SOV 1.92 Treasury Bills
Available Plans/Options 8.44% State 182 Days Treasury
A) Regular Plan B) Direct Plan Government-Uttar Pradesh SOV 0.40 Bill 09/12/2021 SOV 7.73
Options: Payout of IDCW, Reinvestment of 8.39% State 182 Days Treasury
IDCW & Growth (applicable for all plans) Government-Rajasthan SOV 0.40 Bill 30/12/2021 SOV 2.99
IDCW Frequency
Government Dated 182 Days Treasury
Daily, Monthly (12th of every Month) and
Weekly (Every Monday) Securities - Total 22.17 Bill 02/12/2021 SOV 2.81
Ratios Public Sector 182 Days Treasury
Undertakings Bill 23/12/2021 SOV 2.17
IRS Average Maturity* -0.05 yrs
Net Average Maturity 0.45 yrs National Bank for Agriculture 182 Days Treasury
Portfolio Modified Duration 0.41 yrs & Rural Development (^) ICRA AAA 4.57 Bill 02/09/2021 SOV 1.89
IRS Modified Duration* -0.05 yrs Power Finance 91 Days Treasury
Corporation Ltd.(^) CRISIL AAA 0.53 Bill 16/09/2021 SOV 1.64
IRS Macaulay Duration* -0.05 yrs Rural Electrification 182 Days Treasury
Net Macaulay Duration 0.36 yrs Corporation Ltd. CRISIL AAA 0.39 Bill 18/11/2021 SOV 1.33
YTM 3.76% Food Corporation of India CRISIL AAA(CE) 0.02 91 Days Treasury
$
Public Sector Bill 02/09/2021 SOV 0.94
*Interest Rate Swap
Undertakings - Total 5.51 364 Days Treasury
Deviation is calculated on Annualised basis Corporate Debt/ Bill 09/09/2021 SOV 0.38
using 3 years history of monthly returns. Financial Institutions Treasury Bills - Total 21.88
Minimum Investment Amount HDFC Ltd.(^) CRISIL AAA 4.06 Corporate Debt/
Initial Investment: (I) Reinvestment of IDCW
& Growth- `5000 & above (ii) Payout of Bajaj Finance Ltd.(^) CRISIL AAA 3.22 Financial Institutions
IDCW (Weekly) - `1,00,00,000 & above
Cholamandalam Investment Reliance Industries Ltd. CRISIL A1+ 5.09
of `1 and Finance Company Ltd.(^) ICRA AA+ 2.29 IndusInd Bank Ltd. CRISIL A1+ 3.94
Ideal Investment Horizon: 3-6 months
Bharti Telecom Ltd. CRISIL AA+ 1.55 Bajaj Housing Finance Ltd. CRISIL A1+ 2.95
Load Structure
Entry Load: Nil. (applicable for all plans) Muthoot Finance Ltd.(^) CRISIL AA+ 1.55 LIC Housing Finance Ltd. CRISIL A1+ 2.78
Exit Load: Nil (applicable for all plans) Tata Steel Ltd. BRICKWORK BWR AA 0.82 Tata Motors Ltd. CRISIL A1+ 1.51
Total Expense Ratio** Muthoot Finance Ltd. CRISIL A1+ 1.13
Sundaram Home Finance Ltd CRISIL AA+ 0.77
Bajaj Housing Sundaram Finance Ltd. CRISIL A1+ 1.12
Finance Ltd. (^) CRISIL AAA 0.76 Cholamandalam Investment
Data as on July 31, 2021 Reliable Devices Trust and Finance Company Ltd. CRISIL A1+ 0.93
Product Label ( Underlying customer Daimler Financial
Reliance Retail ) ICRA AAA(SO) 0.72 Services India CRISIL A1+ 0.75
Mod
erate
LIC Housing Finance Ltd.(^) CRISIL AAA 0.58 AXIS Finance Ltd. CRISIL A1+ 0.74
e
erat High ly
Mod
Tata Capital Financial Hero FinCorp Ltd. CRISIL A1+ 0.37
er to
e
at
H
M Low
ig
Services Limited CRISIL AAA 0.49 Axis Securities Limited CRISIL A1+ 0.37
h
od
Very
HDB Financial AXIS Bank Ltd. CRISIL A1+ 2.09

Low
High
Services Ltd.(^) CRISIL AAA 0.39 Corporate Debt/Financial

Low High
Shriram Transport Institutions - Total 23.77
This product is suitable for investors who are seeking*: Finance Co Ltd. FITCH IND AA+ 0.38 Triparty Repo 8.29
• Investment in debt & money market securities with Sikka Ports & Terminals Ltd. Net Current Assets/
portfolio Macaulay duration between 3 months & 6
months ( Mukesh Ambani Group ) CRISIL AAA 0.17 (Liabilities) 0.33
about whether the product is suitable for them. Mahindra & Mahindra Grand Total 100.00
28
KOTAK SAVINGS FUND
An open-ended ultra-short term debt scheme investing in instruments such that the macaulay duration of the portfolio is between 3 months and 6 months
ALLOCATION (%)
23.56 22.17 21.88 23.77 8.29 0.33
Debentures and Bonds Government Dated Securities Treasury Bills Commercial Paper (CP)/Certificate of Deposits (CD)
RATING PROFILE (%)

83.87 8.29 7.51 0.33
A1+, AAA, AAA(CE), AAA(IND), AAA(SO), SOV TREP & Term Deposits & Rev.Repo
AA+, IND AA+, BWR AA, IND AA Net Current Assets

Scheme Returns (%) 7.55 7.13 6.51 6.06 5.34 3.49
Nifty Ultra Short Duration Debt Index Returns (%) 7.86 7.27 6.64 6.19 5.31 4.04
Alpha -0.31 -0.15 -0.13 -0.13 0.03 -0.55
Nifty Ultra Short Duration Debt Index (`)# 41,65,490 17,44,570 10,63,531 7,01,325 3,90,149 1,22,574
CRISIL 1 Year T-Bill Index (`)^ 36,38,610 16,85,078 10,49,578 6,97,602 3,91,064 1,22,506
CRISIL 1 Year T-Bill Index Returns (%) 6.43 6.61 6.27 5.98 5.47 3.94
Scheme Inception : - August 13, 2004. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and
inception. # Benchmark ; ^ Additional Benchmark.
(^) Fully or Party blocked against Interest Rate Swap (IRS) Hedging Position through Interest Rate Swaps as on 31 Jul 2021 is 8.53% of the net assets.
Kotak Savings Fund NAV as on July 31, 2021: `10.0806 (Daily-Reg-Plan-IDCW), `10.7656 (Daily-Dir-Plan-IDCW), `34.1170 (Growth Option), `10.7349 (Monthly-Reg-Plan-IDCW), `10.5549 (Weekly-Reg-Plan-IDCW),
`15.8631 (Monthly-Dir-Plan-IDCW), `10.7755 (Weekly-Dir-Plan-IDCW), `35.1317 (Growth - Direct Option)
29
Maturity
KOTAK LOW DURATION FUND Low
Medium
An open ended low duration debt scheme investing in instruments such that High
the Macaulay duration of the portfolio is between 6 months and 12 months

AAUM: `14,548.67 crs
Benchmark: NIFTY Low Duration
Debt Index Debt Instruments HDFC Ltd. CRISIL AAA 6.51
Debentures and Bonds Nabha Power Ltd. ( backed by
Allotment date: March 6, 2008 unconditional and irrevocable
Government
Folio count: 1,16,970 Dated Securities guarantee by Larsen &
8.79% Central Government SOV 9.89 Toubro Ltd ) (^) ICRA AAA(CE) 3.08
Investment Objective 4.70% Central Government SOV 4.21 Shriram Transport
The primary objective of the Scheme is to 7.59% Central Government SOV 2.24 Finance Co Ltd. (^) CRISIL AA+ 2.11
generate income through investment LIC Housing Finance Ltd. (^) CRISIL AAA 1.77
3.51% Central Government SOV 1.73
primarily in low duration debt & money
8.15% State Embassy Office Parks Reit CRISIL AAA 1.45
market securities. There is no assurance or
Government(^)-Haryana SOV 1.39 L & T Finance Ltd.(^) CRISIL AAA 1.44
the scheme will be achieved. 4.59% Central Government SOV 1.29 Manappuram Finance Ltd.(^) CRISIL AA 1.26
8.06% State Embassy Office Parks Reit (^) CRISIL AAA 1.22
Available Plans/Options Government-Rajasthan SOV 1.13 Manappuram Finance Ltd. CARE AA 1.01
A) Regular B) Direct Plan 8.10% State HDB Financial Services Ltd.(^) CRISIL AAA 0.98
Government-Tamil Nadu SOV 0.72 LIC Housing Finance Ltd. CRISIL AAA 0.88
Options: Payout of IDCW, Reinvestment of 6.69% State Aditya Birla Finance Ltd.(^) ICRA AAA 0.82
IDCW & Growth (payout of IDCW is Government-Madhya Pradesh SOV 0.65 AXIS Bank Ltd.
available under monthly IDCW only)
8.39% State (Basel III TIER I Bonds) CRISIL AA+ 0.81
Government-Rajasthan SOV 0.62 Shriram Transport
IDCW Frequency 8.06% State Finance Co Ltd. FITCH IND AA+ 0.77
Weekly (every Monday), Monthly (12th of Government-Andhra Pradesh SOV 0.56 Mahindra & Mahindra
every month) 8.08% State Financial Services Ltd. FITCH AAA(IND) 0.73
Ratios Government-Karnataka SOV 0.53 Mindspace Business
8.27% State Parks REIT (^) CRISIL AAA 0.70
Portfolio Average Maturity 1.96 yrs Government-Uttar Pradesh SOV 0.38 Hindustan Zinc Ltd. (^) CRISIL AAA 0.70
IRS Average Maturity* -0.19 yrs 7.86% State Bahadur Chand Investments
Government-Uttar Pradesh SOV 0.37 Private Limited(^) ICRA AA 0.70
9.17% State Tata Projects Ltd.(^) FITCH IND AA 0.68
Portfolio Modified Duration 1.03 yrs Government-Andhra Pradesh SOV 0.35 Bharti Telecom Ltd. CRISIL AA+ 0.64
IRS Modified Duration* -0.19 yrs 8.05% State Bajaj Finance Ltd. CRISIL AAA 0.53
Net Modified Duration 0.84 yrs Government-Haryana SOV 0.26 India Grid Trust (^) CRISIL AAA 0.52
1.08 yrs GS CG15/062022 - (STRIPS) SOV 0.14 Bajaj Finance Ltd. CRISIL AAA 0.51
Portfolio Macaulay Duration
GS CG 15/12/2021 - (STRIPS) SOV 0.14 Sikka Ports & Terminals Ltd.
IRS Macaulay Duration* -0.20 yrs
5.62% State ( Mukesh Ambani Group ) CRISIL AAA 0.49
Net Macaulay Duration 0.88 yrs Government-Orissa SOV 0.13 Sundaram Finance Ltd. CRISIL AAA 0.43
YTM 4.51% 8.07% State Phoenix ARC Pvt Ltd (^) CRISIL AA 0.35
$
Standard Deviation 0.63% Government-Gujarat SOV 0.11 Mahindra & Mahindra
8.00% State Financial Services Ltd. FITCH IND AAA 0.35
*Interest Rate Swap Government-Rajasthan SOV 0.04 Oberoi Realty Limited CARE AA+ 0.34
Source: $ ICRAMFI Explorer. Standard Government Dated Kotak Mahindra Prime Ltd. CRISIL AAA 0.32
Deviation is calculated on Annualised basis Securities - Total 26.88 HDB Financial Services Ltd. CRISIL AAA 0.25
using 3 years history of monthly returns. Public Sector Undertakings First Business Receivables Trust
National Bank for Agriculture ( Originator Reliance
Minimum Investment Amount & Rural Development (^) ICRA AAA 2.28
Initial Investment: `5000 and in multiple of Industries Ltd ) CRISIL AAA(SO) 0.19
Rural Electrification Coastal Gujarat Power Ltd.
`1 for purchase and for `0.01 for switches Corporation Ltd.(^) CRISIL AAA 1.95
Additional Investment: `1000 & in multiples ( Guarenteed by TATA
State Bank Of India.(^) Power Co. Ltd ) CARE AA(CE) 0.15
of `1 for purchase and for `0.01 for (Basel III TIER II Bonds) CRISIL AAA 1.50
switches. Tata Motors Ltd. CARE AA- 0.11
Rural Electrification Reliance Industries Ltd. CRISIL AAA 0.03
Ideal Investment Horizon: 6-9 months
Corporation Ltd. (^) CRISIL AAA 1.23 Corporate Debt/Financial
Load Structure Power Finance Institutions - Total 32.83
Entry Load: Nil. Corporation Ltd.(^) CRISIL AAA 0.90 Money Market Instruments
Exit Load: Nil. Punjab National Bank
Any exit load charged (net off Service Tax, if Commercial Paper(CP)/
(Basel III TIER II Bonds) CRISIL AA+ 0.71
any) shall be credited back to the Scheme; Certificate of Deposits(CD)
National Bank for Agriculture
Treasury Bills
Total Expense Ratio** & Rural Development CRISIL AAA 0.70
Regular: 1.18%; Direct: 0.41% Indian Bank
(Basel III TIER II Bonds) FITCH IND AA+ 0.58
Data as on July 31, 2021 182 Days Treasury Bill 02/12/2021 SOV 0.17
Union Bank of India(^)
Treasury Bills - Total 10.51
Product Label (Basel III TIER II Bonds) CRISIL AA+ 0.53
Canara Bank Corporate Debt/
(Basel III TIER I Bonds) FITCH AA(IND) 0.39 Financial Institutions
e
Mod
erate National Bank for Agriculture Reliance Industries Ltd. CRISIL A1+ 5.20
erat High ly
Mod IndusInd Bank Ltd. CRISIL A1+ 2.05
& Rural Development CRISIL AAA 0.37
er to
Hindustan Zinc Ltd. CRISIL A1+ 1.05

e
at
H
M Low
Power Finance
ig
h
od
Corporation Ltd. (^) CRISIL AAA 0.35 JM Financial Services Limited CRISIL A1+ 0.69
Bajaj Housing Finance Ltd. CRISIL A1+ 0.68
Very
U P Power Corporation Ltd

Low
( Guaranteed By UP Bharti Airtel Ltd. CRISIL A1+ 0.52

High
State Government ) CRISIL A+(CE) 0.04 JM Financial Products Limited CRISIL A1+ 0.51
Low High
Food Corporation of India CRISIL AAA(CE) 0.04 HDFC Ltd. CRISIL A1+ 0.35
Punjab & Sind Bank Corporate Debt/Financial
This product is suitable for investors who are seeking*: Institutions - Total 11.05
• Regular Income over short term
(Basel III TIER I Bonds) ICRA A- 0.02
• Income by focussing on low duration securities with Public Sector Triparty Repo 4.93
portfolio Macaulay duration between 6 months and Undertakings - Total 11.59 Net Current Assets/
12 months
Corporate Debt/ (Liabilities) 2.21
about whether the product is suitable for them. Financial Institutions Grand Total 100.00
30
KOTAK LOW DURATION FUND
An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months
ALLOCATION (%)
44.42 26.88 11.05 10.51 4.93 2.21
Debentures and Bonds Government Dated Securities Commercial Paper (CP)/Certificate of Deposits (CD)
Treasury Bills TREP & Term Deposits & Rev.Repo Net Current Assets
RATING PROFILE (%)

81.66 11.14 4.93 2.21
0.06
A1+, AAA, AAA(CE), AAA(IND), AAA(SO), IND AAA, SOV AA+, IND AA+, AA, AA(CE), AA(IND), IND AA, AA-
TREP & Term Deposits & Rev.Repo Net Current Assets A+(CE), A-

Scheme Returns (%) 7.82 7.69 7.30 6.91 6.49 4.18
Nifty Low Duration Debt Index Returns (%) 7.75 7.44 6.93 6.60 6.11 4.49
Alpha 0.07 0.26 0.36 0.31 0.38 -0.32
Nifty Low Duration Debt Index (`)# 27,77,405 17,59,535 10,74,522 7,08,595 3,94,817 1,22,857
CRISIL 1 Year T-Bill Index (`)^ 25,49,170 16,85,078 10,49,578 6,97,602 3,91,064 1,22,506
CRISIL 1 Year T-Bill Index Returns (%) 6.57 6.61 6.27 5.98 5.47 3.94
Kotak Low Duration Fund NAV as on July 31, 2021: `2,667.8535 (Regular Plan-Growth Option), `1,015.0124 (Weekly-Reg-Plan-IDCW), `1,026.3950 (Monthly-Reg-Plan-IDCW), `2,823.0870 (Direct Plan- Growth Option),
`1,199.6516 (Weekly-Dir-Plan-IDCW), `1,201.5692 (Monthly-Dir-Plan-IDCW)
31
Maturity
KOTAK FLOATING RATE FUND Low
Medium
An open ended debt scheme predominantly investing in floating rate instruments. High

AAUM: `5,073.33 crs
Benchmark: NIFTY Ultra Short
Duration Debt Index Debt Instruments ONGC Petro Additions Ltd.(^) ICRA AAA(CE) 2.64
Debentures and Bonds Canara Bank(^)
Allotment date: May 14, 2019 Government (Basel III TIER II Bonds) FITCH IND AAA 2.64
Folio count: 5,236 Dated Securities State Bank Of India.(^)
4.70% Central Government SOV 5.20 (Basel III TIER I Bonds) CRISIL AA+ 2.12
Investment Objective 8.20% Central Government(^) SOV 5.00 State Bank Of India.(^)
The primary objective of the Scheme is to 8.20% State (Basel III TIER II Bonds) CRISIL AAA 1.70
Government-Gujarat SOV 2.98 Power Finance
generate income through investment 7.89% State Corporation Ltd. (^) CRISIL AAA 1.69
primarily in floating rate debt instruments, Government-Gujarat SOV 2.94 Bank Of Baroda(^)
fixed rate debt instruments swapped for 8.20% State (Basel III TIER II Bonds) FITCH AAA(IND) 1.55
floating rate returns and money market Government(^)-Rajasthan SOV 2.23 National Bank for Agriculture
instruments. However, there is no assurance 5.22% Central Government(^) SOV 2.19 & Rural Development(^) CRISIL AAA 1.53
or guarantee that the investment objective 8.24% State Indian Railway Finance
of the scheme will be achieved Government(^)-Kerala SOV 1.86 Corporation Ltd.(^) CRISIL AAA 0.18
3.51% Central Government SOV 1.76 Public Sector
Available Plans/Options 8.12% State Undertakings - Total 29.71
Government-Assam SOV 1.39 Corporate Debt/
A) Regular B) Direct Plan 8.08% State Financial Institutions
Options: Growth, Payout of IDCW and Government-Punjab SOV 1.38 LIC Housing Finance Ltd.(^) CRISIL AAA 5.13
8.08% State Jamnagar Utilities &
Reinvestment of IDCW. Government-Uttar Pradesh SOV 1.02 Power Private Limited
IDCW Frequency 8.27% State ( Mukesh Ambani Group ) (^) CRISIL AAA 3.69
Weekly IDCW Option-Every Monday Government(^)-Haryana SOV 0.93
5.90% State AXIS Bank Ltd.(^) CRISIL AAA 1.45
Monthly IDCW Option-12th of every month Sundaram Finance Ltd. (^) ICRA AAA 3.44
Government-Telangana SOV 0.60
8.50% State ICICI Bank Ltd.(^)
Ratios (Basel III TIER I Bonds) CRISIL AA+ 2.17
Government-Punjab SOV 0.56
8.10% State LIC Housing Finance Ltd. (^) CRISIL AAA 1.84
Portfolio Average Maturity 3.97 yrs Bajaj Housing Finance Ltd. (^) CRISIL AAA 1.71
-0.05 yrs Government-Uttar Pradesh SOV 0.46
IRS Average Maturity* 8.06% State Kotak Mahindra Prime Ltd.(^) CRISIL AAA 1.58
Net Average Maturity 3.92 yrs Government-Chattisgarh SOV 0.46 HDFC Ltd.(^) CRISIL AAA 1.39
5.80% State Bajaj Finance Ltd. (^) CRISIL AAA 0.43
Portfolio Modified Duration 2.58 yrs Corporate Debt/Financial
Government-Rajasthan SOV 0.43
IRS Modified Duration* -0.05 yrs GS CG 02/01/2025 - (STRIPS) SOV 0.38 Institutions - Total 22.83
Net Modified Duration 2.54 yrs 6.17% State Treasury Bills
Government-Telangana SOV 0.35 182 Days Treasury Bill 10/09/2021 SOV 2.56
Portfolio Macaulay Duration 2.72 yrs Government Dated 182 Days Treasury Bill 09/12/2021 SOV 1.69
IRS Macaulay Duration* -0.05 yrs Securities - Total 32.12 Treasury Bills - Total 4.25
Public Sector Money Market Instruments
Undertakings Commercial Paper(CP)/
YTM 5.44% Power Finance Certificate of Deposits(CD)
$
Standard Deviation 2.53% Corporation Ltd.(^) CRISIL AAA 5.56 Corporate Debt/
Rural Electrification Financial Institutions
*Interest Rate Swap Corporation Ltd.(^) CRISIL AAA 4.40 AXIS Bank Ltd. CRISIL A1+ 2.14
Rural Electrification Corporate Debt/Financial
Source: $ KMIS & ICRAMFI Explorer. Corporation Ltd. (^) CRISIL AAA 3.04 Institutions - Total 2.14
Standard Deviation is calculated on Indian Bank(^) Net Current Assets/(Liabilities) 8.95
(Basel III TIER II Bonds) FITCH IND AA+ 2.66 Grand Total 100.00
Annualised basis using 3 years history of
monthly returns.
ALLOCATION (%)
Initial Purchase: `5000 and in multiple of `1 52.54 32.12 8.95 4.25 2.14
for purchase and for `0.01 for switches
Additional Purchase: `1000 & in multiples
of `1 for purchase and for `0.01 for
switches. Debentures and Bonds Government Dated Securities Net Current Assets Treasury Bills
Ideal Investment Horizon: 2 year & above Commercial Paper (CP)/Certificate of Deposits (CD)
Load Structure
Entry Load: Nil (Applicable for All Plans) RATING PROFILE (%)
Exit Load: Nil (Applicable for All Plans) 84.1 8.95 6.95
Data as on July 31, 2021 A1+,AAA, AAA(CE), AAA(IND), IND AAA, SOV Net Current Assets AA+, IND AA+
Product Label
e
Mod
erate
erat High ly
Mod
er to
e
at
H
M Low
ig
h
Total amount invested (`) 2,70,000 1,20,000

od
Very

Low
High
Scheme Returns (%) 7.71 5.91

Low High
Nifty Ultra Short Duration Debt Index Returns (%) 4.60 4.04
Investors understand that their principal will be at moderate risk
Alpha 3.11 1.86
• Income over a short term investment horizon Nifty Ultra Short Duration Debt Index (`)# 2,84,556 1,22,574
• Investment in debt & money market securities having
maturity of one business day CRISIL 10 Year Gilt Index (`)^ 2,85,729 1,21,356
about whether the product is suitable for them. CRISIL 10 Year Gilt Index (%) 4.96 2.12
Scheme Inception : - May 14, 2019. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and final
value and a series of cash inflows and outflows and taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception. #
Benchmark ; ^ Additional Benchmark. Alpha is difference of scheme return with benchmark return.
Kotak Floating Rate Fund NAV as on July 31, 2021: `1,182.9876 (Growth Option), `1,099.1663 (Weekly-Reg-Plan-IDCW), `1,072.2943 (Reg-Plan-IDCW), `1,191.9962 (Direct Growth Option), `1,058.3166 (Dir-Plan-
IDCW)
32
Equity Funds Ready Reckoner
AUM
Mcap (%) / Total Expense
(Rs. Crs) Standard 5 years
Scheme Name Investment Product Key Features Fund Benchmark Asset Allocation Overweight Underweight Beta Sharpe Ratio
as on 31st Deviation Alpha
Theme Positioning Manager Jul 2021 (%) (%) (%) (TER %)^
a. Favours industry leaders in cost, innovation, brand, competence, etc. 79.81 1. Consumer Services 1. Financial Services
Kotak Bluechip Invest with Mr. Harish 17.53
Large cap with a proven execution track record across cycles Nifty 50 TRI 2,945.01 2. Industrial Manufacturing 2. Metals 0.96 0.56 21.18 -0.99 2.10
Fund industry leaders Krishnan 0.59
b. High conviction and long term calls taken 3. Services 3. Information Technology
2.07
70.48
a. Focus on sustainable large cap stories which can withstand market shocks 1. Industrial Manufacturing 1. Consumer Goods
Kotak India Contra/Value Long term Ms. Shibani 28.50
b. These are companies with pricing power for their competitive advantage Nifty 100 TRI 1,080.95 2. Cement & Cement Products 2. Financial Services 1.01 0.55 22.36 1.61 2.36
EQ Contra Fund Fund wealth creators Kurian 1.02
or entry barriers 3. Construction 3. Information Technology
49.64
Large and 1. Industrial Manufacturing 1. Financial Services
Kotak Equity Spotting the Mr. Harsha 42.06
Identifies investment opportunities across market capitalisation and sectors Nifty 200 TRI 7,311.33 2. Cement & Cement Products 2. Consumer Goods 0.93 0.65 21.32 0.95 1.87
Opportunities Fund Midcap hidden gems Upadhyaya 4.10
3. Chemicals 3. Information Technology
4.20
Kotak Flexicap Fund a. Invests in a few sectors as the various sectors of the economy tend to 68.70
1. Cement & Cement Products 1. Consumer Goods
(Erstwhile Known Focus on few perform differently at different points of time Mr. Harsha 28.85
Flexicap Nifty 200 TRI 37,096.52 2. Industrial Manufacturing 2. Financial Services 0.96 0.51 21.54 -0.21 1.59
As Kotak Standard selected sectors b. Flexibility to move across market caps depending on their Upadhyaya 1.28
3. Chemicals 3. Information Technology
Multicap Fund) attractiveness during the economic phase 1.17
Tax advantage a. Portfolio is diversified across sectors and market capitalization 57.19
Mr. Harsha 1. Industrial Manufacturing 1. Financial Services
Kotak Tax Saver 34.22
ELSS with potential segments Nifty 500 TRI 2,144.28 2. Chemicals 2. Consumer Goods 0.93 0.65 21.53 0.31 2.08
Fund Upadhyaya 7.05
equity growth b. Offers dual benefits of growth and tax savings 3. Cement & Cement Products 3. Information Technology
1.54
a. Stands for winning investment ideas across the mid & small cap range
offering decent growth trajectory over the medium to long term horizon 10.78
Nifty 1. Industrial Manufacturing 1. Financial Services
Kotak Emerging b. Buy and hold strategy Mr. Pankaj 70.39
Mid Cap Emerging leaders Midcap 100 15,193.40 2. Consumer Goods 2. Consumer Services 0.89 0.72 25.50 2.75 1.82
Equity Fund c. Riskier than a large cap fund but offers faster growth rate since it has Tibrewal 14.36 3. Power
TRI 3. Cement & Cement Products
a smaller base 4.47
d. 0%-35% allocation to large cap or small cap opportunities as tactical plays
a. Identifies the hidden growth potential of small cap sized companies Nifty 2.73
Spot them young, b. Portfolio exhibits higher volatility than large caps and Midcaps however Mr. Pankaj 27.83 1. Consumer Goods 1. Financial Services
Kotak Small Cap Small Cap Smallcap 100 0.83 0.85 28.71
watch them grow Tibrewal 5,348.63 2. Industrial Manufacturing 2. Information Technology 7.16 1.97
Fund tends to have a higher return potential in the long run TRI 62.60
c. Buy and hold strategy 6.84 3. Construction 3. Pharma
India
a. Identifies ""flow related"" companies - These benefit from spending from
Kotak Infrastructure 27.24
government, private and household (in terms of properties). 1. Industrial Manufacturing 1. Financial Services
Infrastructure Thematic: Mr. Harish Index 43.98
True to label They are not asset owners. 417.16 2. Construction 2. Cement & Cement Products 1.05 0.47 27.15 5.16 2.55
& Economic Infrastructure Krishnan (Customised 26.03
b. Focus on high quality companies exhibiting superior ROE, positive cash 3. Chemicals 3. Power
Reform Fund Index 2.75
flow, low leverage in an otherwise challenging environment
by IISL)
a. Equity portion: Multi cap strategy to identify outstanding companies having Mr. Pankaj Nifty 50
Best of both Tibrewal 55.16 1. Industrial Manufacturing 1. Financial Services
Kotak Equity Aggresive well managed and durable businesses with predictable earnings power Hybrid
1,863.06 24.91 2. Pharma 2. Information Technology
Hybrid Fund worlds: equity b. Debt portion: Actively managed with medium to long term maturity & Composite 1.29 0.64 19.04 0.08 2.23
Hybrid 11.64 3. Construction 3. Metals
& debt c. Lower volatility than a pure equity or debt fund Mr. Abhishek Debt
8.28
Bisen 65:35 Index
a. Discovers arbitrage opportunities by simultaneously entering transactions Nifty 50
Kotak Equity Equity Arbitrage of long position in cash and exactly off-setting short position in futures Mr.Hiten Shah Arbitrage 24,641.72 N/A N/A N/A 0.64 2.11 0.80 0.86 1.01
Arbitrage Fund Arbitrage opportunities b. Equity position is completely hedged Index
75% of
Conservative portfolio with a blend of: Net Equity 30.45
Nifty 50
Kotak Equity Equity MIP with equity a. Income generation - through arbitrage opportunities & debt investment. Mr. Devender 1,506.11
Arbitrage Arbitrage 32.44 N/A N/A 1.50 0.55 8.43 1.18 2.22
Savings Fund Savings tax efficiency b. Growth potential - through moderate participation in equity markets Singhal Index + 25%
c. Tax efficiency - through equity orientation Debt & Cash 37.11
of Nifty 50
Conservative portfolio with a blend of: Mr. Abhishek
a. A fund that gives you freedom from managing equity and debt allocation Bisen, Nifty 50 Net Equity 34.54
Kotak Balanced Balanced
manually during market ups and downs, giving you a balanced growth. Mr. Harish Hybrid
Takes care of b. Emphasis on back tested P/E* based model Arbitrage 29.03 N/A N/A
Advantage Krishnan Composite 9,984.11 N/A N/A N/A N/A 1.82
Advantage Fund Asset Allocation d. Better volatility management & Debt 50:50
e. Better tax efficiency by leveraging arbitrage opportunities Mr.Hiten Debt & Cash 36.43
Index
f. Immunity from market timing to ensure disciplined investing Shah
Conservative portfolio with a blend of: 85% IISL Kotak
a. 80-100% in pioneering innovations theme Upto 20% in other than pioneering India Pioneering 55.00 1. Information Technology 1. Financial Services
Kotak Pioneer Sectoral - innovations theme Focus on growth oriented / High impact companies Innovations +15%
2. Industrial Manufacturing 2. Pharma
It's Future Ready b. Upto 35% may be invested in overseas funds/etfs/securities investing Mr. Harish MSCI ACWI 1,278.63 39.86 N/A N/A N/A N/A 2.16
Fund Thematic in similar theme access to global techs 3. Consumer Goods
Krishnan Information 5.14 3. Services
c. The fund is from the Kotak Mahindra Mutual Fund stable and has structured investment Technology Index
processes TRI
a. Concentrated Portfolio:
25-30 high growth and good quality businesses with sustainable and scalable Mr. Harish 59.28 0.77
Performance earnings potential over the long term Krishnan 1. Industrial Manufacturing 1. Metals
Kotak Focused b. Leveraging On Research Capabilities 34.30 2. Power
Focused Through Core & Nifty 200 TRI 2,062.19 2. Cement & Cement Products N/A N/A N/A N/A 2.10
Equity Fund Stock picking through the BMV model- ‘Business, Management and Valuation’ 3.57 3. Financial Services
Conviction c. Suitable For Long Term Investors Ms. Shibani 3. Chemicals
2.86
Those looking to benefit from the structural growth opportunity in Indian equities Kurian
d. Bottom Up Approach To Stock Picking : With a top down thematic overlay.
Details provided are as on Jul 31st, 2021. Ratio Source: ICRA MFI Explorer. Risk free rate assumed to be 3.40%. Alpha = Difference between Scheme returns & Benchmark Index TRI of the scheme. In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI)
of the Benchmark Index instead of Price Return Variant (PRI). * The given market cap data is on the basis of new AMFI guidelines wherein Stocks are categorised as per given AMFI list "For Tax Saver Fund : Minimum Initial Investment: 500. Additional Investment: 500 & inmultiples of 500. For all other Equity Schemes : Minimum Initial
Investment: 5000. Additional Investment: 1000 & inmultiples of 1" ^Total Expense Ratio is of Regular Plan LARGECAP MIDCAP
N/A: Field not applicable to the scheme owing to its investment theme.
SMALLCAP DEBT + CASH
Risk Factor: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Continuous offer of units of all schemes available at NAV based prices.
Name of the
(TER %)^
Expense
This product is suitable for investors who are seeking* Type of Scheme Risk-o-meter
Ratio
Total
Scheme
0.77
0.33
0.20
1.18
0.66
0.32
1.26
1.17
1.80
1.59
0.62
1.72
1.46
0.77
EquityScheme
Equity Scheme
redemption Proceed
Exit Load as a % of
Withdrawal up to 3% of investment
limit of withdrawal within 6 months :
amt within 1 yr: Nil, > above limit of
Withdrawal up to 6% of investment
amt within 6 months: Nil, > above

withdrawal within 1 year : 1%,
0.0070%
0.0065%
0.0060%
0.0055%
0.0050%
0.0045%
0.0000%
1%, After 6 months : Nil.**

Kotak
KotakEquity
Equity • Income
Incomefrom
fromarbitrage
arbitrageopportunities
opportunitiesin
inthe
theequity
equitymarket
market An open ended scheme investing in
After 1 year : Nil.**

Arbitrage
ArbitrageFund
Fund • Investment
Investmentin
inarbitrage
arbitrageopportunities
opportunitiesin
inthe
thecash
cash&&derivatives segment of the equity market. arbitrage opportunities
* The revised exit load shall be effective for all fresh investments (i.e. units allotted on purchases or switch-ins (including through systematic investments under existing enrolments/registrations) on or after October 20, 2019.
Exit Load
derivatives segment of the equity market. Investors understand that their principal
will be at low risk
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Investor Exit Upon
• Long term capital growth Large Cap Fund- An open ended equity scheme
Day 7 onwards
subscription*
Kotak Bluechip Fund predominantly investing in large cap stocks
Kotak Bluechip • Investment in portfolio of predominantly equity & equity related securities of large cap companies
Day 1
Day 2
Day 3
Day 4
Day 5
Day 6
• Long term capital growth Small Cap Fund- An open ended equity scheme
Kotak Small Cap Fund • Investment in equity & equity related securities predominantly in small cap stocks predominantly investing in small cap stocks
• Long term capital growth Large & Mid Cap Fund- An open ended equity
Kotak Equity Opportunities • Investment in portfolio of predominantly equity & equity related securities of large & midcap companies scheme investing in both large cap and mid cap
Fund stocks
• Long term capital growth An open ended equity scheme following
Kotak India EQ Contra Fund • Investment in portfolio of predominantly equity & equity related securities
Macaulay
contrarian investment strategy
Duration
(years)
• Long term capital growth with a 3 year lock in An Open-Ended Equity Linked Saving Scheme
0.01
1.68
1.90
3.20
2.76
4.38
0.36
0.37
0.89
2.68
2.08
0.10
3.26
3.62
Kotak Tax Saver Fund • Investment in portfolio of predominantly equity & equity related securities with a statutory lock in of 3 years and tax benefits
Kotak Emerging Equity Fund • Long term

term capital
capitalgrowth
growthwith a 3 year lock in Mid Cap Fund - An open ended equity scheme
Kotak Tax Saver Investment in
• Investment inportfolio
equity &ofequity
predominantly equity & equity
related securities related securities
predominantly in midcap companies. predominantly investing in mid cap stocks
Modified
Duration
Kotak Emerging • Long term capital growth Multi Cap Fund - An open ended equity scheme
(years)
Kotak Flexi Cap Fund (Erstwhile • Long term capital growth
Equity Scheme • Investment in portfolio of predominantly equity & equity related securities generally focused on a few selected investing across large cap, mid cap, small cap
• Investment in equity & equity related securities predominantly in mid & small cap companies.
4.24
3.16
1.81
0.36
2.99
1.93
0.10
2.57
0.01
2.54
1.58
0.85
3.43
Known As Kotak Standard Multicap Fund)
0.36
sectors across market capitalisation stocks will be at very high risk
• Long term
term capital
capitalgrowth
growth An open ended hybrid scheme investing
Kotak Equity Hybrid Fund
Kotak Standard Multicap • Investment inportfolio
Investment in equity &ofequity related securities
predominantly balanced
equity & equity withsecurities
related income generally
generation by
focused predominantly in equity and equity related
on a few selected
investing in debt sectors
& money instruments instruments
Debt Funds Ready Reckoner

•• Long
Long term
term capital
capitalgrowth
Average
YTM % Maturity
growth
(years)
An open ended scheme investing in equity,
Kotak Focused Equity
Kotak Equity Fund Fund
Hybrid •• Investment
Investment in
inequity
equity&&equity
equityrelated securities
related balanced
securities acrosswith income
market generation in
capitalisation bymaximum
investing
12.33
arbitrage and debt
0.01
7.36
3.24
2.63
0.37
0.45
7.54
5.05
0.10
3.92
4.70
1.76
3.24
in debt
30 & money market instruments
stocks
For Liquid schemes ( Kotak Liquid Scheme and Kotak Money Market ) and Liquid plus schemes (Kotak Savings and Kotak Low Duration) T-bill is included in AAA.
•• Long
Income from
term arbitrage
capital opportunities in the equity market & long term capital growth
growth
Kotak Pioneer Fund Savings Fund
Kotak Equity •• Investment
Investment predominantly
in equity and in arbitrage
equity opportunities
related Securitiesinofthe cash & derivatives
companies operating segment of the
with Pioneering An open ended dynamic asset allocation fund
equity markettheme
innovations and equity & equity
Without anyrelated
market securities
Capitalisation and Sector bias
Note: **AAA also includes A1+,A1+(SO), AAA(SO), IND AAA , Net current Assets, CBLO, Term Deposit and Rev repo. For Kotak Gilt Fund: Cash and Cash
• Long term capital growth An open ended equity scheme investing in
Kotak Infrastructure &
3.49
6.43
6.39
4.51
3.76
5.91
5.80
5.44
3.24
6.30
3.83
5.61
5.21
5.11
• Long term capital appreciation by investing in equity and equity related instruments of maximum 30 stocks in large-cap, mid-cap and
Economic Reform Fund
companies contributing to infrastructure and economic development of India small-cap category
• Wealth creation over a long period of time

Kotak Balanced Advantage Fund • Investment in equity, equity related securities & debt, money market instruments while An open ended equity scheme
Macaulay duration 4-7 years

managing risk through active allocation
strategy, no cap on duration

investing in pioneering innovations theme.
(1-7 years when defensive)

(1-4 years when defensive)
investment across duration

Predominantly High quality
Average Maturity – Within
80-100% corporate bond
Gilt Fund with Dynamic

Minimum 65% in below
Banking & PSU assets
Key Differentiator
Dynamic strategy -
exposure in AA+ &
Macaulay duration
Macaulay duration
One Day Maturity

Maturity < 91 days
AA+ instruments
Maturity < 1 year
above assets
6-12 months
3-6 months
will be at moderately high risk
3-4 years
• Income from arbitrage opportunities in the equity market & long term capital growth An open ended equity scheme following
Kotak Equity Savings Fund • Investment predominantly in arbitrage opportunities in the cash & derivatives segment of Infrastructure & Economic Reform theme
the equity market and equity & equity related securities

will be at moderately high risk
Ideal Investment
6 Months - 9 Months
3 Months - 6 Months
6 Months - 9 Months
2 Years and above
2 Years and above

3 Years and above
Debt Scheme
7 days to Month
1-1.5 years
2-3 years
2-3 years
Horizon
2-3 years
1-3 years
2-3 years
• Income over ainshort
• Investment debt term investment
& money horizon with portfolio Macaulay duration between
market securities An open ended debt scheme investing in
Kotak
KotakOvernight Fund
Savings Fund
Details provided are as on Jul 31st, 2021.For details of swap positions kindly refer respective product page.
• Investment in debt & money market securities having maturity of one business day. overnight securities
1 day
3 months and 6 months

will be at low risk
• Income overa ashort

medium An open ended ultra-short term debt scheme
• Income over termterm investment
investment horizon
horizon
• Investmentinindebt
debt&&money
money market
market securities
securities with investing in instruments such that the Macaulay
Kotak
KotakSavings FundTerm
Bond Short • Investment withportfolio
portfolioMacaulay
Macaulayduration between
duration between
duration of the portfolio is between 3 months
3 1months
year and 3 years
Current Portfolio
and 6 months
44.30% Below AA+
16.21% Below AA+

5.00% Below AA+
4.70% Below AA+
and 6 months
0.81% Below AA+

0.98% Below AA+
Kotak Banking and
63.46% AAA
• Income over a medium term investment horizon
88.81% AAA
92.48% AAA,
24.22% Gilt
26.92% AAA
39.82% AAA
58.78% AAA
77.05% AAA
58.90% AAA
93.05% AAA
7.32% AA+
6.49% AA+
11.84% AAA
Kotak Liquid • Income over ainshort
debt term investment horizon across duration An open ended liquid scheme
68.66% Gilt
Kotak Dynamic Bond
Fund
17.24% Gilt
11.75% Gilt
88.16% Gilt
PSU Debt Fund
3.61% AA+
4.13% AA+
6.54% AA+
Quality**
7.77% AA+
22.95% Gilt
41.10% Gilt
100% Gilt
100% Gilt
100% AAA
100% AAA
• Investment & money market securities
6.95% AA+
• Investment in debt & money market securities
• Regular Income over short term An open ended debt scheme predominantly
Kotak Corporate Bond Fund Investors understand that their principal
• Income by investing in fixed income securities of varying maturities and predominantly investing in AA+ and above rated corporate bonds will be at low to moderate risk
investing in AA+ and above rated corporate bonds
• Regular Income over short term An open ended low duration debt scheme
Kotak Low Duration Fund • Income by focusing on low duration securities with portfolio Macaulay duration between investing in instruments such that the Macaulay
duration of the portfolio is between 6 months
6 months and 12 months and 12 months
31st Jul 2021

• Income over a medium term investment horizon An open ended dynamic debt scheme investing
crores) as on
Kotak Dynamic Bond Fund • Investment in debt & money market securities across duration across duration
AUM (Rs
24,603.30
14,329.16
13,189.90
16,677.90
2,087.52
5,834.71
7,496.17
1,024.33
2,276.42
9,907.84
9,178.33
1,582.45
9,779.40
1,778.05
• Income over a short to medium term investment horizon An open ended debt scheme predominantly
Kotak Banking and PSU Debt Fund • Investment in debt & money market securities of PSUs, Banks, Public Financial Institutions, investing in Debt instruments of banks, Public
Sector Undertakings, Public Financial Institutions
Government Securities & Municipal Bonds and Municipal Bonds.
** Revised load structure is effective from May 13, 2020

• Income over a medium term investment horizon An open ended short term debt scheme investing
Kotak Bond Short Term • Investment in debt & money market securities with portfolio Macaulay duration between in instruments such that the Macaulay duration
1 year and 3 years of the portfolio is between 1 year and 3 years
• Income over a short term investment horizon. will be at moderate risk
Kotak Floating Rate An open ended debt scheme predominantly
• Investment in floating & fixed rate debt instruments swapped for floating rate returns and
Current Scheme
investing in floating rate instruments
Ultra Short Duration

money market instruments.
Banking and PSU
(Accrual Strategy)
Medium to Long
Corporate Bond
An open ended medium term debt scheme
Short Duration
Money Market
Positioning
• Income over a long investment horizon
Floating Rate
Medium Term
Low Duration
investing in instruments such that the Macaulay
Credit Risk
Kotak Bond Fund • Investment in debt & money market securities with a portfolio Macaulay duration between
Liquid
Overnight
duration of the portfolio is between 4 years and
Dynamic
Duration
4 years and 7 years 7 years
^ Total Expense Ratio is of Regular Plan

Gilt
• Income over a long investment horizon An open ended debt scheme investing in
Kotak Gilt Fund • Investment in sovereign securities issued by the Central and/or State Government(s) and / government securities across maturity
or reverse repos in such securities.
Equivalent is included under Gilt.

• Income
• Income overa ashort
over shortterm
terminvestment
investment horizon
horizon An open ended debt scheme investing in money
Kotak Money Market Fund • Investmentininmoney
moneymarket
market securities
securities
• Investment market instruments
Kotak Credit Risk Fund • Income over a medium term investment horizon An open ended debt scheme predominantly
• Investment predominantly in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds) investing in AA and below rated corporate bonds
(Excluding AA+ rated corporate bonds)
Kotak Credit Risk Fund
Kotak Overnight Fund

Kotak Dynamic Bond
Kotak Money Market
Kotak Floating Rate

Kotak Low Duration
Scheme Name
Kotak Savings Fund

Kotak Liquid Fund
Kotak Bond Short
Kotak Bond Fund

Kotak Banking &
Kotak Corporate
PSU Debt Fund
Kotak Gilt Fund

Kotak Medium
An open ended medium term debt scheme Investors understand that their principal
• Income over a long investment horizon investing in instruments such that the Macaulay will be at moderately high risk
Bond Fund
Term Fund
Term Fund
Kotak Medium Term Fund • Investment in debt, government securities & money market instruments with portfolio
• Investments in sovereign securities issued by the Central and/or duration of the portfolio is between 3 years and
Macaulay duration between 3 years and 4 years
State Government(s) and / or reverse repos in such securities. 4 years
Fund
Fund
Fund
Fund
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Maturity
KOTAK CORPORATE BOND FUND Low
Medium
An open-ended debt scheme predominantly investing in AA+ and above rated corporate bonds High

AAUM: `9,752.35 crs
Benchmark: CRISIL Corporate
Debt Instruments Sikka Ports & Terminals Ltd.
Bond Composite ( Mukesh Ambani Group ) (^) CRISIL AAA 4.49
Debentures and Bonds
Index Government Dated Securities HDB Financial Services Ltd. CRISIL AAA 3.55
Allotment date: September 21, 2007 7.59% Central Government SOV 7.55 Bajaj Finance Ltd. (^) CRISIL AAA 3.12
4.70% Central Government SOV 4.58 LIC Housing Finance Ltd. CRISIL AAA 2.75
Folio count: 38,341 6.69% State AXIS Bank Ltd.(^) CRISIL AAA 2.63
Government(^)-Madhya Pradesh SOV 1.85 HDB Financial Services Ltd. CRISIL AAA 2.39
Investment Objective 7.52% State Embassy Office Parks Reit CRISIL AAA 2.28
The investment objective of the scheme is to Government(^)-Tamil Nadu SOV 1.60 LIC Housing Finance Ltd. CARE AAA 2.07
generate income by investing in debt /and 8.08% State Bajaj Housing Finance Ltd. (^) CRISIL AAA 2.05
money market securities across the yield Government(^)-Uttar Pradesh SOV 1.05 Grasim Industries Ltd.(^) CRISIL AAA 2.03
curve and predominantly in AA+ and above 6.97% State Tata Capital Financial
Government(^)-Karnataka SOV 1.04 Services Limited (^) ICRA AAA 1.54
rated corporate securities. The scheme 3.51% Central Government SOV 1.01 Jamnagar Utilities &
would also seek to maintain reasonable 7.59% State Power Private Limited
liquidity within the fund. There is no Government-Gujarat SOV 0.81 ( Mukesh Ambani Group ) CRISIL AAA 1.18
assurance or guarantee that the investment 6.48% State Mahindra & Mahindra
objective of the scheme will be achieved. Government-Karnataka SOV 0.45 Financial Services Ltd. FITCH IND AAA 1.15
7.62% State Tata Capital Financial
Available Plans/Options Government-Tamil Nadu SOV 0.38 Services Limited(^) ICRA AAA 1.07
A) Regular Plan B) Direct Plan 8.15% Central Government SOV 0.32 Mindspace Business Parks REIT (^) CRISIL AAA 1.03
7.18% State Kotak Mahindra Prime Ltd.(^) CRISIL AAA 1.03
Options: Payout of IDCW, Reinvestment of Government-Tamil Nadu SOV 0.26 HDFC Ltd. CRISIL AAA 0.81
IDCW & Growth (applicable for all plans) 8.45% State First Business Receivables Trust
Government-Punjab SOV 0.01 ( Originator Reliance Industries Ltd ) CRISIL AAA(SO) 0.60
IDCW Frequency Government Dated Bajaj Finance Ltd. CRISIL AAA 0.53
Monthly (12th of every Month) Securities - Total 20.91 Reliance Industries Ltd. CRISIL AAA 0.53
Public Sector Undertakings LIC Housing Finance Ltd. CRISIL AAA 0.53
Ratios National Bank for Agriculture ICICI Bank Ltd.(^)
& Rural Development (^) ICRA AAA 6.18 (Basel III TIER II Bonds) ICRA AAA 0.52
Portfolio Average Maturity 3.16 yrs Power Finance Corporation Ltd. CRISIL AAA 3.69 Aditya Birla Finance Ltd. ICRA AAA 0.52
IRS Average Maturity* -0.53 yrs Rural Electrification Sundaram Finance Ltd. ICRA AAA 0.51
Corporation Ltd. (^) CRISIL AAA 3.64 LIC Housing Finance Ltd. CARE AAA 0.26
Net Average Maturity 2.63 yrs State Bank Of India.(^) Kotak Mahindra Bank Ltd. CRISIL AAA 0.16
Portfolio Modified Duration 2.08 yrs (Basel III TIER II Bonds) CRISIL AAA 3.15 HDFC Ltd. CRISIL AAA 0.05
National Bank for Agriculture Bhopal Dhule Transmission
IRS Modified Duration* -0.50 yrs & Rural Development CRISIL AAA 3.12 Company Ltd. ( Operational power
Net Modified Duration 1.58 yrs Rural Electrification transmission project ) CRISIL AAA 0.04
Corporation Ltd.(^) CRISIL AAA 2.24 Corporate Debt/Financial
Portfolio Macaulay Duration 2.18 yrs Power Finance Corporation Ltd. CRISIL AAA 1.87 Institutions - Total 44.90
IRS Macaulay Duration* -0.51 yrs Food Corporation of India CRISIL AAA(CE) 1.43 Money Market Instruments
Mangalore Refinery and Commercial Paper(CP)/
Net Macaulay Duration 1.67 yrs Petrochemicals Ltd. (^) FITCH AAA(IND) 0.77 Certificate of Deposits(CD)
YTM 5.11% Indian Railway Finance Treasury Bills
$ Corporation Ltd.(^) CRISIL AAA 0.53 91 Days Treasury Bill 02/09/2021 SOV 1.02
Standard Deviation 1.50% National Thermal Power
*Interest Rate Swap Corporation Ltd. CRISIL AAA 0.26
Small Industries Development
Bank Of India ICRA AAA 0.16 Corporate Debt/
Source: $ ICRAMFI Explorer. Standard Public Sector Financial Institutions
Undertakings - Total 27.04 Bajaj Housing Finance Ltd. CRISIL A1+ 1.00
Deviation is calculated on Annualised basis Corporate Debt/Financial
using 3 years history of monthly returns. Corporate Debt/
Financial Institutions Institutions - Total 1.00
Nabha Power Ltd. ( backed by Triparty Repo 0.59
Minimum Investment Amount Net Current Assets/
Initial Investment: `5000 and in multiple of unconditional and irrevocable
guarantee by Larsen & (Liabilities) 3.52
`1 for purchase and for `0.01 for switches Toubro Ltd ) (^) ICRA AAA(CE) 5.48 Grand Total 100.00
of `1for purchase and for `0.01 for ALLOCATION (%)
switches.
Ideal Investment Horizon: 1-1.5 year 3.52 1.00
71.94 20.91 2.04 0.59
Load Structure
Exit Load: Nil. (applicable for all plans) Debentures and Bonds Government Dated Securities Net Current Assets Treasury Bills
Total Expense Ratio** Commercial Paper (CP)/Certificate of Deposits (CD) TREP & Term Deposits & Rev.Repo
RATING PROFILE (%)
95.89 3.52 0.59
Product Label
A1+, AAA, AAA(CE), AAA(IND), AAA(SO), IND AAA, SOV Net Current Assets TREP & Term Deposits & Rev.Repo
Mod
Mod
erat
e erate
High ly SYSTEMATIC INVESTMENT PLAN (SIP)
er to
e
at
H
M Low
ig
h
od
Very
Low
High
CRISIL Corporate Bond Composite Index Returns (%) 9.12 8.99 8.72 8.61 9.27 6.18
• Regular Income over short term Alpha -0.92 -0.77 -0.74 -0.87 -1.77 -1.35
• Income by investing in fixed income securities of CRISIL Corporate Bond Composite Index (`)#
varying maturities and predominantly investing in
32,67,586 19,09,727 11,45,015 7,45,000 4,13,721 1,23,921
AA+ and above rated corporate bonds. CRISIL 10 Year Gilt Index (`)^ 27,59,462 17,39,806 10,76,093 7,07,978 3,97,906 1,21,356
about whether the product is suitable for them. CRISIL 10 Year Gilt Index (%) 6.90 7.22 6.97 6.57 6.63 2.12
Scheme Inception : - September 21, 2007. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and
final value and a series of cash inflows and outflows and taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception.
Kotak Corporate Bond Fund NAV as on July 31, 2021: `2,955.1530 (Regular Plan-Growth Option), `1,049.6166 (Monthly-Reg-Plan-IDCW), `3,044.4011 (Direct Plan- Growth Option), `1,087.4006 (Monthly-Dir-Plan-IDCW)
33
Maturity
KOTAK BANKING AND PSU DEBT FUND Low
Medium
An open-ended debt scheme predominantly investing in debt instruments of banks, High
public sector undertakings, public financial institutions and municipal bonds

AAUM: `9,570.31 crs
Benchmark: CRISIL Banking and
PSU Debt Index Debt Instruments (Basel III TIER II Bonds) CRISIL AA+ 1.28
Debentures and Bonds Canara Bank(^)
Allotment date: December 29,1998
Government (Basel III TIER II Bonds) FITCH IND AAA 1.04
Folio count: 23,195
Dated Securities Canara Bank (^)
Investment Objective 7.59% Central Government SOV 6.75 (Basel III TIER I Bonds) CRISIL AA 1.01
To generate income by predominantly 4.70% Central Government SOV 4.01 Food Corporation of India (^) ICRA AAA(CE) 0.89
investing in debt & money market securities 4.59% Central Government SOV 2.37 Bank Of Baroda (^)
issued by Banks, Public Sector Undertaking (Basel III TIER I Bonds) CRISIL AA+ 0.68
6.22% State
(PSUs), Public Financial Institutions (PFI),
Municipal Bonds and Reverse repos in such Government(^)-Kerala SOV 1.48 State Bank Of India.
securities, sovereign securities issued by the 6.64% Central Government SOV 0.99 (Basel III TIER I Bonds) CRISIL AA+ 0.53
Central Government & State Governments, 6.67% Central Government SOV 0.71 Hindustan Petroleum
and / or any security unconditionally......... 7.23% State Corporation Ltd. CRISIL AAA 0.52
guaranteed by the Govt. of India. There is Government-Karnataka SOV 0.62 Mangalore Refinery and
no assurance that or guarantee that the 7.15% State Petrochemicals Ltd. (^) FITCH AAA(IND) 0.50
investment objective of the scheme will be
achieved. Government-Karnataka SOV 0.52 Small Industries Development
6.90% Central Government SOV 0.52 Bank Of India ICRA AAA 0.32
Available Plans/Options 8.03% State Food Corporation of India CRISIL AAA(CE) 0.26
Government-Uttar Pradesh SOV 0.49 Export-Import Bank of India CRISIL AAA 0.25
Options: Payout of IDCW, Reinvestment of 8.88% State Bank Of Baroda
IDCW & Growth (applicable for all plans) Government-Haryana SOV 0.32 (Basel III TIER I Bonds) CRISIL AA+ 0.21
IDCW Frequency 7.18% State Punjab National Bank
Monthly (12th of every Month) Government-Tamil Nadu SOV 0.26 (Basel III TIER II Bonds) CRISIL AA+ 0.15
Ratios 6.69% State Bank Of Baroda
Portfolio Average Maturity 5.29 yrs Government-Madhya Pradesh SOV 0.26 (Basel III TIER II Bonds) FITCH AAA(IND) 0.14
-0.59 yrs 5.80% State Power Grid Corporation
IRS Average Maturity*
Government-Rajasthan SOV 0.25 of India Ltd. CRISIL AAA 0.05
8.71% State Public Sector
Government-Uttar Pradesh SOV 0.13 Undertakings - Total 47.62
IRS Modified Duration* -0.55 yrs 8.74% State Corporate Debt/
Net Modified Duration 2.57 yrs Government-Rajasthan SOV 0.10 Financial Institutions
Portfolio Macaulay Duration 3.31 yrs 6.46% State AXIS Bank Ltd.(^) CRISIL AAA 3.64
IRS Macaulay Duration* -0.56 yrs Government-Gujarat SOV 0.10 ICICI Bank Ltd.
Net Macaulay Duration 2.75 yrs 7.20% State (Basel III TIER I Bonds) CARE AA+ 1.06
YTM 5.61% Government-Maharashtra SOV 0.05 AXIS Bank Ltd.
$
Standard Deviation 1.94% 7.42% State (Basel III TIER I Bonds) CRISIL AA+ 0.97
Government-Maharashtra SOV 0.04 ICICI Bank Ltd.
*Interest Rate Swap 5.22% Central Government SOV 0.01 (Basel III TIER I Bonds) ICRA AA+ 0.48
Source: $ ICRAMFI Explorer. Standard Government Dated
Deviation is calculated on Annualised basis ICICI Bank Ltd.
Securities - Total 19.98 (Basel III TIER I Bonds) CRISIL AA+ 0.12
using 3 years history of monthly returns.
Public Sector Corporate Debt/Financial
Minimum Investment Amount Undertakings
Initial Investment: Payout of IDCW, Institutions - Total 6.27
Power Finance Money Market Instruments
Reinvestment of IDCW & Growth `5000 &
above. Corporation Ltd.(^) CRISIL AAA 6.29 Commercial Paper(CP)/
Additional Investment: `1000 & in multiples State Bank Of India.(^)
Certificate of Deposits(CD)
of `1. (Basel III TIER II Bonds) CRISIL AAA 5.92
Treasury Bills
Ideal Investment Horizon: 2-3 years Power Finance
91 Days Treasury
Load Structure Corporation Ltd. (^) CRISIL AAA 3.59
Bill 26/08/2021 SOV 3.22
Entry Load: Nil. (applicable for all plans) Rural Electrification
91 Days Treasury
Exit Load: Nil (applicable for all plans) Corporation Ltd. (^) CRISIL AAA 2.79
Bill 02/09/2021 SOV 1.01
Total Expense Ratio** Union Bank of India
Regular: 0.77%; Direct: 0.36% (Basel III TIER I Bonds) FITCH IND AA 2.56
Public Sector Undertakings
Food Corporation of India(^) CRISIL AAA(CE) 2.33
Export-Import Bank of India CRISIL A1+ 9.49
Rural Electrification
Corporation Ltd. CRISIL AAA 2.28
Data as on July 31, 2021 & Rural Development CRISIL A1+ 1.00
Indian Oil Corporation Ltd. CRISIL A1+ 0.50
& Rural Development(^) ICRA AAA 2.27
Product Label National Bank for Agriculture
Bank Of Baroda(^)
& Rural Development ICRA A1+ 0.25
(Basel III TIER II Bonds) FITCH IND AAA 2.27
National Highways Public Sector
Mod
erate Authority Of India(^) CRISIL AAA 2.25 Undertakings - Total 11.24
e
erat High ly
Mod Corporate Debt/
er to
e
Financial Institutions
at
H
M Low
& Rural Development CRISIL AAA 2.10

ig
h
od
Indian Railway Finance AXIS Bank Ltd. CRISIL A1+ 3.76

Very
Corporation Ltd.(^) CRISIL AAA 1.87 Corporate Debt/Financial

Low
High
Indian Bank(^) Institutions - Total 3.76

Low High (Basel III TIER II Bonds) FITCH IND AA+ 1.85 Triparty Repo 4.45
Investors understand that their principal will be at moderate risk Union Bank of India(^) Net Current Assets/
This product is suitable for investors who are seeking*: (Basel III TIER I Bonds) CARE AA- 1.42 (Liabilities) 2.45
• Income over a short to medium term investment
horizon. Punjab National Bank(^) Grand Total 100.00
• Investment in debt & money market securities of
PSUs, Banks, Public Financial Institutions,
government securities, and Municipal Bonds.
34
KOTAK BANKING AND PSU DEBT FUND
An open-ended debt scheme predominantly investing in debt instruments of banks, public sector undertakings, public financial institutions and municipal bonds
ALLOCATION (%)
15.00 4.23
53.89 19.98 4.45 2.45
Debentures and Bonds Government Dated Securities Commercial Paper (CP)/Certificate of Deposits (CD)
TREP & Term Deposits & Rev.Repo Treasury Bills
RATING PROFILE (%)

80.78 12.32 4.45 2.45
A1+, AAA, AAA(CE), AAA(IND), IND AAA, SOV AA+, IND AA+, AA, IND AA, AA-

Scheme Returns (%) 7.43 8.36 8.15 8.05 8.04 4.70
CRISIL Banking and PSU Debt Index Returns (%) NA 8.60 8.22 8.03 8.00 5.03
Alpha NA -0.24 -0.07 0.03 0.04 -0.33
CRISIL Banking and PSU Debt Index (`)# NA 18,70,634 11,25,027 7,34,309 4,06,028 1,23,198
CRISIL 10 Year Gilt Index (`)^ NA 17,39,806 10,76,093 7,07,978 3,97,906 1,21,356
CRISIL 10 Year Gilt Index (%) NA 7.22 6.97 6.57 6.63 2.12
Scheme Inception : - December 29, 1998. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and
inception. # Benchmark ; ^ Additional Benchmark. Alpha is difference of scheme return with benchmark return.
Kotak Banking And PSU Debt Fund NAV as on July 31, 2021: `51.3492 (Growth Option), `52.6537 (Direct Growth Option), `10.4478 (Monthly-Reg-Plan-IDCW), `10.4159 (Monthly-Dir-Plan-IDCW)
35
Maturity
KOTAK BOND SHORT TERM FUND Low
Medium
An open-ended short term debt scheme investing in instruments such that the High
macaulay duration of the portfolio is between 1 year and 3 years

AAUM: `17,158.20 crs
Benchmark: NIFTY Short Duration
Debt Index Debt Instruments ONGC Petro Additions Ltd. ICRA AAA(CE) 0.18
Debentures and Bonds Food Corporation of India ICRA AAA(CE) 0.15
Allotment date: May 2, 2002 Government Power Grid Corporation
Folio count: 32,904 Dated Securities of India Ltd. CRISIL AAA 0.06
7.59% Central Government(^) SOV 12.96 National Thermal Power
Investment Objective 4.70% Central Government SOV 4.91 Corporation Ltd. CRISIL AAA 0.03
The investment objective of the Scheme is 8.24% State Rural Electrification
to provide reasonable returns and............. Government(^)-Kerala SOV 2.69 Corporation Ltd. FITCH IND AAA 0.02
reasonably high levels of liquidity by 4.59% Central Government SOV 2.61 Small Industries Development
investing in debt instruments such as 8.38% State Bank Of India ICRA AAA 0.02
bonds, debentures and Government Government-Haryana SOV 2.08 Public Sector
7.18% State Undertakings - Total 17.31
securities; and money market instruments
Government(^)-Tamil Nadu SOV 1.39 Corporate Debt/
such as treasury bills, commercial papers, 6.69% State
certificates of deposit, including repos in Financial Institutions
Government-Madhya Pradesh SOV 1.36 Bajaj Finance Ltd. (^) CRISIL AAA 4.67
permitted securities of different maturities, 7.20% State
so as to spread the risk across different kinds HDFC Ltd. CRISIL AAA 4.61
Government-Maharashtra SOV 0.68 Nabha Power Ltd. ( backed by
of issuers in the debt markets. There is no 7.86% State unconditional and irrevocable
assurance that the investment objective of Government(^)-Uttar Pradesh SOV 0.64 guarantee by Larsen &
the Scheme will be realised. 6.97% Central Government SOV 0.63 Toubro Ltd ) (^) ICRA AAA(CE) 1.82
7.61% State Mahindra & Mahindra
Available Plans/Options Government(^)-Tamil Nadu SOV 0.63
A) Regular Plan B) Direct Plan Financial Services Ltd. FITCH IND AAA 1.76
7.19% State Sikka Ports & Terminals Ltd.
Options: Payout of IDCW, Reinvestment of Government(^)-Gujarat SOV 0.62
( Mukesh Ambani Group ) CRISIL AAA 1.69
IDCW & Growth (applicable for all plans) 8.00% State
Jamnagar Utilities &
Government(^)-Rajasthan SOV 0.61
IDCW Frequency 3.51% Central Government SOV 0.60 Power Private Limited
7.14% State ( Mukesh Ambani Group ) (^) CRISIL AAA 1.63
Monthly (12th of every Month), Half Yearly Kotak Mahindra Prime Ltd.(^) CRISIL AAA 1.51
Government-Gujarat SOV 0.59
(20th of Mar/Sept) and normal (as decided LIC Housing Finance Ltd.(^) CRISIL AAA 1.49
by Trustees) 6.44% State First Business Receivables Trust
Government(^)-Gujarat SOV 0.55 ( Originator Reliance
Ratios
8.25% State Industries Ltd ) CRISIL AAA(SO) 1.31
Portfolio Average Maturity 3.71 yrs Government-Madhya Pradesh SOV 0.46 Kotak Mahindra Prime Ltd. (^) CRISIL AAA 1.21
6.22% State Bajaj Finance Ltd.(^) CRISIL AAA 1.10
IRS Average Maturity* -0.47 yrs Grasim Industries Ltd.(^) CRISIL AAA 0.98
Government-Kerala SOV 0.44
Net Average Maturity 3.25 yrs 6.90% Central Government SOV 0.34 Hindustan Zinc Ltd. (^) CRISIL AAA 0.90
Portfolio Modified Duration 2.26 yrs 7.20% State Aditya Birla Finance Ltd. ICRA AAA 0.83
Government-Karnataka SOV 0.31 Sundaram Finance Ltd. CRISIL AAA 0.77
IRS Modified Duration* -0.44 yrs Tata Capital Financial
Net Modified Duration 1.82 yrs 7.26% Central Government SOV 0.28 Services Limited(^) CRISIL AAA 0.77
Portfolio Macaulay Duration 2.34 yrs 8.39% State LIC Housing Finance Ltd. (^) CARE AAA 0.76
Government-Madhya Pradesh SOV 0.26 AXIS Finance Ltd. CRISIL AAA 0.69
IRS Macaulay Duration* -0.45 yrs 8.26% State Tata Capital Housing
Net Macaulay Duration 1.89 yrs Government-Uttar Pradesh SOV 0.21 Finance Ltd. CRISIL AAA 0.61
YTM 5.21% 6.98% State Bhopal Dhule Transmission
$ Government-Maharashtra SOV 0.18 Company Ltd. ( Operational
Standard Deviation 1.75% 7.59% State power transmission project ) CRISIL AAA 0.61
*Interest Rate Swap Government-Karnataka SOV 0.16 HDB Financial Services Ltd. (^) CRISIL AAA 0.60
7.16% State Bajaj Housing Finance Ltd. (^) CRISIL AAA 0.60
Source: $ ICRAMFI Explorer. Standard Government-Uttar Pradesh SOV 0.16 Sundaram Finance Ltd. ICRA AAA 0.60
Deviation is calculated on Annualised basis 6.97% State Aditya Birla Housing Finance ICRA AAA 0.60
using 3 years history of monthly returns. Government-Karnataka SOV 0.15 Reliable Devices Trust
8.61% State ( Underlying customer
Minimum Investment Amount Government-Uttar Pradesh SOV 0.14 Reliance Retail ) ICRA AAA(SO) 0.58
Initial Investment: (i) Reinvestment of IDCW 8.39% State HDB Financial Services Ltd. CRISIL AAA 0.49
& Growth - `5000 & above (ii) Payout of Government-Rajasthan SOV 0.13 Sundaram Finance Ltd. (^) CRISIL AAA 0.48
IDCW (Monthly IDCW) - `50,000 & above 8.27% State Tata Capital Financial
Additional Investment: `1000 & in multiples Government-Rajasthan SOV 0.13 Services Limited ICRA AAA 0.43
1.44% Central Government SOV 0.07 HDB Financial Services Ltd. CARE AAA 0.30
of `1
9.36% State Tata Capital Financial
Ideal Investment Horizon: 1 years & above Government-West Bengal SOV 0.07 Services Limited ICRA AAA 0.30
Load Structure 8.45% State Jamnagar Utilities &
Entry Load: Nil. (applicable for all plans) Government-Bihar SOV 0.06 Power Private Limited
Exit Load: Nil. 8.66% State ( Mukesh Ambani Group) CRISIL AAA 0.16
Government-Tamil Nadu SOV 0.04 ICICI Bank Ltd.(^)
Total Expense Ratio** 8.69% State (Basel III TIER II Bonds) ICRA AAA 0.15
Regular: 1.17%; Direct: 0.34% Government-Kerala SOV 0.04 ICICI Home Finance
8.21% State Company Limited CRISIL AAA 0.15
Government-Rajasthan SOV 0.02 Bajaj Housing Finance Ltd. CRISIL AAA 0.01
Government Dated Corporate Debt/Financial
Data as on July 31, 2021 Securities - Total 38.08
Institutions - Total 35.17
Public Sector
Product Label Money Market Instruments
Undertakings
Rural Electrification Commercial Paper(CP)/
Corporation Ltd. (^) CRISIL AAA 3.86 Certificate of Deposits(CD)
Mod Power Finance Treasury Bills
erat
e erate
High ly Corporation Ltd.(^) CRISIL AAA 3.64 91 Days Treasury
Mod
State Bank Of India.(^) Bill 26/08/2021 SOV 1.82
er to
e
182 Days Treasury

at
H
M Low
(Basel III TIER II Bonds) CRISIL AAA 3.14

ig
h
od
National Bank for Agriculture Bill 02/12/2021 SOV 1.19

Very
& Rural Development ICRA AAA 1.57

Low
National Bank for Agriculture Corporate Debt/

High
& Rural Development CRISIL AAA 1.32 Financial Institutions

Low High Rural Electrification Kotak Mahindra
Investors understand that their principal will be at low to moderate risk Corporation Ltd.(^) CRISIL AAA 1.16 Investments Ltd. CRISIL A1+ 0.59
Power Finance Corporate Debt/Financial
• Income over a medium term investment horizon Corporation Ltd. (^) CRISIL AAA 0.91 Institutions - Total 0.59
• Investment in debt & money market securities with Bank Of Baroda(^) Triparty Repo 4.07
portfolio Macaulay duration between 1 year & 3 years (Basel III TIER II Bonds) FITCH IND AAA 0.63 Net Current Assets/
* Investors should consult their financial advisors if in doubt Canara Bank(^) (Liabilities) 1.77
(Basel III TIER II Bonds) FITCH IND AAA 0.62 Grand Total 100.00
36
KOTAK BOND SHORT TERM FUND
An open-ended short term debt scheme investing in instruments such that the macaulay duration of the portfolio is between 1 year and 3 years
ALLOCATION (%)
4.07 1.77
52.48 38.08 3.01 0.59
Debentures and Bonds Government Dated Securities TREP & Term Deposits & Rev.Repo Treasury Bills
Net Current Assets Commercial Paper (CP)/Certificate of Deposits (CD)
RATING PROFILE (%)

4.07
94.16 1.77
A1+, AAA, AAA(CE), AAA(SO), IND AAA, SOV TREP & Term Deposits & Rev.Repo Net Current Assets

Scheme Returns (%) 7.87 7.79 7.51 7.36 7.36 4.23
Nifty Short Duration Index Returns (%) 8.11 8.19 7.91 7.83 7.95 5.74
Alpha -0.24 -0.40 -0.40 -0.48 -0.59 -1.50
Nifty Short Duration Index (`)# 53,80,815 18,30,710 11,12,467 7,30,787 4,05,775 1,23,642
CRISIL 10 Year Gilt Index (%) 6.63 7.22 6.97 6.57 6.63 2.12
Scheme Inception : - May 02,2002. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and final
Kotak Bond Short Term Fund NAV as on July 31, 2021: `41.5890 (Growth Option), `44.3813 (Direct Growth Option), `10.0866 (Monthly-Reg-Plan-IDCW), `13.9069 (Monthly-Dir-Plan-IDCW), `14.9302 (Half Yearly-Reg-
Plan-IDCW), `15.7117 (Half Yearly-Dir-Plan-IDCW), `13.1561 (Normal-Dir-Plan-IDCWl)
37
Maturity
KOTAK CREDIT RISK FUND Low
Medium
An open-ended debt scheme predominantly investing in aa and below rated High
corporate bonds (excluding AA+ rated corporate bonds)

AAUM: `1,788.45 crs Issuer/Instrument Industry/Rating % to Net Assets
AUM: `1,778.05 crs
Benchmark: Nifty Credit Risk Mutual Fund Units
Bond Index Brookfield India Real Estate Trust Construction 0.92
Allotment date: May 11, 2010
Mutual Fund Units - Total 0.92
Folio count: 15,427
Debt Instruments
The investment objective of the scheme is to Debentures and Bonds
generate income by investing in debt /and Government Dated Securities
money market securities across the yield
curve and predominantly in AA rated and 4.70% Central Government SOV 3.29
below corporate securities. The scheme
would also seek to maintain reasonable 7.20% State Government-Karnataka SOV 2.90
liquidity within the fund. There is no
assurance that the investment objective of 6.12% State Government-Karnataka SOV 2.75
the Schemes will be realised.
6.57% State Government-Gujarat SOV 1.66
A) Regular Plan B) Direct Plan 6.97% State Government-Maharashtra SOV 1.14
Options: Payout of IDCW, Reinvestment of Government Dated Securities - Total 11.74
IDCW Frequency Public Sector Undertakings
Weekly (Every Monday), Monthly (12th of
every Month), Quarterly (20th of Mar, Jun, Punjab & Sind Bank (Basel III TIER I Bonds) ICRA A- 6.58
Sep and Dec of every Year), Annual (12th of Power Finance Corporation Ltd.(^) CRISIL AAA 5.06
March).
Ratios Union Bank of India(^) (Basel III TIER I Bonds) CARE AA- 3.74
Portfolio Average Maturity 3.66 yrs U P Power Corporation Ltd ( Guaranteed By UP State Government ) CRISIL A+(CE) 2.04
IRS Average Maturity* -0.42 yrs National Bank for Agriculture & Rural Development ICRA AAA 1.42
National Bank for Agriculture & Rural Development(^) ICRA AAA 1.41
IRS Modified Duration* -0.40 yrs National Highways Authority Of India(^) CRISIL AAA 0.59
Net Modified Duration 1.93 yrs Punjab National Bank(^) (Basel III TIER II Bonds) CRISIL AA+ 0.30
National Bank for Agriculture & Rural Development CRISIL AAA 0.16
Net Macaulay Duration 2.08 yrs Public Sector Undertakings - Total 21.30
YTM 5.91% Corporate Debt/Financial Institutions
$
Tata Steel Ltd. BRICKWORK BWR AA 9.66
*Interest Rate Swap
Coastal Gujarat Power Ltd. ( Guarenteed by TATA Power Co. Ltd ) (^) CARE AA(CE) 6.37
Deviation is calculated on Annualised basis Bajaj Housing Finance Ltd. (^) CRISIL AAA 5.61
HDFC Ltd.(^) CRISIL AAA 4.27
Initial Investment: `5000 and in multiple of Bahadur Chand Investments Private Limited ICRA AA 4.23
Godrej Properties Limited(^) ICRA AA 2.88
of `1 Nuvoco Vistas Corporation Ltd. (^) CRISIL AA 2.86
Ideal Investments Horizon: 3 year & above Tata Projects Ltd. FITCH IND AA 2.85
Load Structure
Entry Load: Nil. (applicable for all plans) Muthoot Finance Ltd.(^) CRISIL AA+ 2.24
Exit Load: a) For redemption / switch out of Manappuram Finance Ltd. CRISIL AA 1.14
upto 6% of the initial investment amount
(limit) purchased or switched in within 1 Muthoot Finance Ltd. CRISIL AA+ 0.85
year from the date of allotment: Nil.
b) If units redeemed or switched out are in Dalmia Cement (Bharat) Ltd ICRA AA+ 0.74
excess of the limit within 1 year from the Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) (^) CRISIL AAA 0.60
c) If units are redeemed or switched out on SEI Enerstar Renewable Energy Pvt. Ltd. # CARE AA(CE) 0.44
NIL Elena Renewable Energy Pvt. Ltd. # CARE AA(CE) 0.18
Total Expense Ratio** Shreyas Renwable Energy Pvt. Ltd. # CARE AA(CE) 0.18
Zuvan Energy Pvt. Ltd. # CARE AA(CE) 0.18
Product Label SEI Baskara Power Pvt. Ltd. # CARE AA(CE) 0.18
Pratyash Renewable Pvt. Ltd. # CARE AA(CE) 0.18
Mod
te erate
Mod
era High ly Divyesh Power Pvt. Ltd. # CARE AA(CE) 0.18
er to
e
at
Aashman Energy Pvt. Ltd. # CARE AA(CE) 0.18

H
M Low
ig
h
od
Aarish Solar Power Ltd. # CARE AA(CE) 0.18

Very
Low
High
Shriram City Union Finance Ltd. CARE AA 0.07

Low High LIC Housing Finance Ltd. CRISIL AAA 0.05
Investors understand that their principal will be at high risk

JM Financial Credit Solutions Ltd. ICRA AA 0.01
• Investment predominantly in AA and below rated
corporate bonds (Excluding AA+ rated corporate
bonds)
38
KOTAK CREDIT RISK FUND
An open-ended debt scheme predominantly investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds)
PORTFOLIO
Issuer/Instrument Industry/Rating % to Net Assets
Corporate Debt/Financial Institutions - Total 46.31

Triparty Repo 14.38
Net Current Assets/(Liabilities)^^ 5.35
Grand Total 100.00
# (Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd.)
^^Includes Securities Below Investment grade or Default

Value Recognised in % to Total Security Value
ISIN Name of the Security
NAV(Rs. In Lacs) Net Assets (Rs. In Lacs)
09.00% Yes Bank Ltd. (Basel III Tier I)
INE528G08394 0.00 0.00 9040.89
Perpetual Call-18/10/2022 (L)
INE452O07047 8.70% Future Lifestyle Fashions Ltd. 5,321.49 2.98 7094.18
Total - 5,321.49 2.98 16,135.07
ALLOCATION (%)
5.35
67.61 14.38 11.74 0.92
Debentures and Bonds TREP & Term Deposits & Rev.Repo Government Dated Securities
Net Current Assets Construction
RATING PROFILE (%)
14.38 5.35
39.82 30.91 8.62 0.92
AA+, AA, AA(CE), BWR AA, IND AA, AA- AAA, SOV TREP & Term Deposits & Rev.Repo
A+(CE), A- Net Current Assets Construction

Scheme Returns (%) 7.93 7.83 7.34 6.95 7.03 6.47
NIFTY Credit Risk Bond Index Returns (%) 9.41 9.39 9.18 9.27 10.09 10.03
Alpha -1.48 -1.56 -1.85 -2.32 -3.06 -3.56
NIFTY Credit Risk Bond Index (`)# 23,44,079 19,49,862 11,64,329 7,57,441 4,18,699 1,26,330
CRISIL 10 Year Gilt Index (%) 7.10 7.22 6.71 6.57 6.63 2.12
Kotak Credit Risk Fund NAV as on July 31, 2021: `23.9088 (Growth Option), `25.9053 (Direct Growth Option), `10.1014 (Weekly-Reg-Plan-IDCW), `10.4578 (Weekly-Dir-Plan-IDCW), `10.8126 (Monthly-Reg-Plan-IDCW),
`10.6082 (Monthly-Dir-Plan-IDCW), `11.4427 (Quarterly-Reg-Plan-IDCW), `10.4611 (Quarterly Dir-Plan-IDCW), `10.3977 (Annual-Reg-Plan-IDCW), `19.4573 (Annual-Dir-Plan-IDCW).
39
Maturity
KOTAK MEDIUM TERM FUND Low
Medium
An open-ended medium term debt scheme investing in instruments High
such that the macaulay duration of the portfolio is between 3 years and 4 years

AAUM: `2,082.00 crs Issuer/Instrument Industry/Rating % to Net Assets
AUM: `2,087.52 crs
Benchmark: NIFTY Medium Mutual Fund Units
Duration Debt Index
Allotment date: March 21, 2014
Folio count: 12,751 Brookfield India Real Estate Trust Construction 1.15
Embassy Office Parks REIT Construction 0.25
The investment objective of the scheme is to Debt Instruments
generate regular income and capital Debentures and Bonds
appreciation by investing in a portfolio of
medium term debt and money market Government Dated Securities
instruments. There is no assurance or... 4.70% Central Government SOV 5.61
the scheme will be achieved. 6.69% State Government(^)-Madhya Pradesh SOV 3.72
Available Plans/Options 7.59% Central Government SOV 1.54

A) Regular Plan B) Direct Plan 6.97% State Government-Maharashtra SOV 1.46
Options: Payout of IDCW, Reinvestment of 8.20% Central Government SOV 1.31
6.22% State Government-Kerala SOV 1.17
IDCW Frequency
6.44% State Government-Gujarat SOV 0.95
Quarterly (20th of Mar, Jun, Sep and Dec of
every Year), Annually (12th of March) 1.44% Central Government SOV 0.89
Ratios 6.53% State Government-Tamil Nadu SOV 0.60
Government Dated Securities - Total 17.25
-0.32 yrs Public Sector Undertakings
IRS Average Maturity*
Net Average Maturity 5.06 yrs Power Finance Corporation Ltd.(^) CRISIL AAA 8.10
Portfolio Modified Duration 3.31 yrs Punjab & Sind Bank (Basel III TIER I Bonds) ICRA A- 6.80
IRS Modified Duration* -0.30 yrs Rural Electrification Corporation Ltd. CRISIL AAA 5.16
Net Modified Duration 3.01 yrs Punjab National Bank(^) (Basel III TIER I Bonds) CARE AA- 3.40
National Highways Authority Of India(^) CRISIL AAA 2.54
U P Power Corporation Ltd ( Guaranteed By UP State Government ) CRISIL A+(CE) 2.43
National Bank for Agriculture & Rural Development ICRA AAA 2.42
YTM 6.39%
$
2.54% State Bank Of India. (Basel III TIER II Bonds) CRISIL AAA 2.37
Standard Deviation
Power Grid Corporation of India Ltd. CRISIL AAA 1.31
*Interest Rate Swap
Food Corporation of India CRISIL AAA(CE) 1.24
Punjab National Bank (Basel III TIER II Bonds) CRISIL AA+ 1.21
Deviation is calculated on Annualised basis
Power Finance Corporation Ltd. CRISIL AAA 1.21
ONGC Petro Additions Ltd. ICRA AAA(CE) 1.20
Initial Purchase: `5,000/- and in multiples of National Highways Authority Of India CRISIL AAA 1.04
1 for purchases and for `0.01 for switches. Canara Bank (Basel III TIER I Bonds) CRISIL AA 0.48
Additional Purchase: `1000 & in multiples
of `1.for purchases and for `0.01 for National Bank for Agriculture & Rural Development ICRA AAA 0.17
switches. Steel Authority of India Ltd. FITCH IND AA- 0.04
Ideal Investment Horizon: 2.5 years & above
Public Sector Undertakings - Total 41.12
Load Structure
Entry Load: Nil. (applicable for all plans) Corporate Debt/Financial Institutions
Exit Load: a) For redemption / switch out of HDFC Ltd. CRISIL AAA 8.06
upto 3% of the initial investment amount
Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) (^) CRISIL AAA 7.08
(limit) purchased or switched in within 6
months from the date of allotment: Nil. Muthoot Finance Ltd. CRISIL AA+ 4.22
b) If units redeemed or switched out are in Nuvoco Vistas Corporation Ltd. CRISIL AA 2.43
excess of the limit within 6 months from
the date of allotment: 1% Embassy Office Parks Reit CRISIL AAA 2.40
c) If units are redeemed or switched out on Oberoi Realty Limited CARE AA+ 2.31
or after 6 months from the date of
allotment: NIL Kotak Mahindra Prime Ltd. CRISIL AAA 2.18
Total Expense Ratio** Embassy Office Parks Reit CRISIL AAA 1.18
Regular: 1.59%; Direct: 0.57% Coastal Gujarat Power Ltd. ( Guarenteed by TATA Power Co. Ltd ) CARE AA(CE) 0.27
Data as on July 31, 2021 Zuvan Energy Pvt. Ltd. # CARE AA(CE) 0.21
Product Label The Indian Hotels Company Ltd. CARE AA 0.15
Muthoot Finance Ltd. CRISIL AA+ 0.03
Mod IOT Utkal Energy Services Ltd. CRISIL AAA 0.01
erate
e rate High ly
Mod
Corporate Debt/Financial Institutions - Total 30.53
er to
e
at
H
M Low
ig
h
od
Triparty Repo 7.25

Very
Net Current Assets/(Liabilities)^^ 2.45

Low
High
Grand Total 100.00

Low High
# (Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of Greenko Energies Pvt. Ltd.)

• Investment in debt, government securities & money
market instruments with portfolio Macaulay duration
between 3 years & 4 years
40
KOTAK MEDIUM TERM FUND
An open-ended medium term debt scheme investing in instruments such that the macaulay duration of the portfolio is between 3 years and 4 years
^^Includes Securities Below Investment grade or Default

Value Recognised in % to Total Security Value
ISIN Name of the Security
NAV(Rs. In Lacs) Net Assets (Rs. In Lacs)
09.00% Yes Bank Ltd. (Basel III Tier I)
INE528G08394 Perpetual Call-18/10/2022 (L) 0.00 0.00 4427.34
Total - 0.00 0.00 4427.34
ALLOCATION (%)
71.65 17.25 7.25 2.45 1.40
Debentures and Bonds Government Dated Securities TREP & Term Deposits & Rev.Repo
RATING PROFILE (%)
2.45
64.92 14.75 9.23 7.25 1.40
AAA, AAA(CE), SOV AA+, AA, AA(CE), AA-, IND AA- A+(CE), A- TREP & Term Deposits & Rev.Repo

Monthly SIP of (`) 10000 Since Inception 7 years 5 years 3 years 1 year
Total amount invested (`) 8,90,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on July 30, 2021 (`) 11,69,822 10,82,380 7,10,470 4,00,275 1,24,034
Scheme Returns (%) 7.25 7.14 6.71 7.03 6.36
Nifty Medium Duration Index Returns (%) 8.62 8.58 8.61 9.23 5.92
Alpha -1.37 -1.44 -1.91 -2.20 0.44
Nifty Medium Duration Index (`)# 12,32,271 11,39,481 7,45,121 4,13,444 1,23,757
CRISIL 10 Year Gilt Index (`)^ 11,63,795 10,76,093 7,07,978 3,97,906 1,21,356
CRISIL 10 Year Gilt Index Returns (%) 7.12 6.97 6.57 6.63 2.12
Kotak Medium Term Fund NAV as on July 31, 2021: `17.7981 (Growth Option), `19.0202 (Direct Growth Option), `10.6137 (Quarterly-Reg-Plan-IDCW), `10.8298 (Quarterly-Dir-Plan-IDCW), `10.9242 (Annual-Reg-Plan-
IDCW), `19.0199 (Annual-Dir-Plan-IDCW).
41
Maturity
KOTAK DYNAMIC BOND FUND Low
Medium
An open-ended dynamic debt scheme investing across duration High

AAUM: `2,693.76 crs
Benchmark: Nifty Composite Debt
Index Mutual Fund Units 5.85% Central Government SOV 0.13
Mutual Fund Units - Total 0.96 6.53% State
Allotment date: May 26, 2008 Brookfield India Real Government-Tamil Nadu SOV 0.03
Folio count: 29,015 Estate Trust Construction 0.73 6.62% State
Embassy Office Parks REIT Construction 0.23 Government-Uttar Pradesh SOV 0.01
Investment Objective Debt Instruments Government Dated
The investment objective of the Scheme is Debentures and Bonds Securities - Total 68.64
to maximise returns through an active Government Public Sector Undertakings
management of a portfolio of debt and Dated Securities Rural Electrification
money market securities. There is no 4.70% Central Government SOV 14.52 Corporation Ltd.(^) CRISIL AAA 5.94
assurance or guarantee that the investment 7.26% Central Government SOV 12.68 Power Finance
objective of the scheme will be achieved. 7.59% Central Government(^) SOV 10.57 Corporation Ltd.(^) CRISIL AAA 4.06
6.64% Central Government SOV 4.32 Bank Of Baroda(^)
Available Plans/Options 6.67% Central Government SOV 4.28 (Basel III TIER I Bonds) CRISIL AA+ 3.61
A)Regular Plan B)Direct Plan 7.20% State National Highways
Government(^)-Maharashtra SOV 3.40 Authority Of India CRISIL AAA 2.38
7.77% State Power Finance
IDCW & Growth
Government(^)-Kerala SOV 2.32 Corporation Ltd. (^) CRISIL AAA 2.21
(applicable for all plans) 6.44% State Union Bank of India
IDCW Frequency Government(^)-Gujarat SOV 2.27 (Basel III TIER I Bonds) FITCH IND AA 0.81
Monthly Payout of IDCW & Reinvestment 6.22% State National Highways
(12th of every Month) (w.e.f June 1, 2017), Government(^)-Kerala SOV 2.15 Authority Of India(^) CRISIL AAA 0.69
Quarterly Payout of IDCW and 6.12% State Indian Railway Finance
Reinvestment (20th of March, June, Government-Karnataka SOV 2.15 Corporation Ltd.(^) CRISIL AAA 0.23
September and December of every year) 4.59% Central Government SOV 1.49 Public Sector
7.71% State
(applicable for all plans) Undertakings - Total 19.93
Government(^)-Gujarat SOV 1.39
7.18% State Corporate Debt/
Ratios
Government(^)-Tamil Nadu SOV 1.13 Financial Institutions
8.68 yrs 7.25% State Sikka Ports & Terminals Ltd.
Portfolio Average Maturity
Government(^)-Gujarat SOV 1.13 ( Mukesh Ambani Group ) (^) CRISIL AAA 5.62
IRS Average Maturity* -1.13 yrs AXIS Bank Ltd.(^) CRISIL AAA 2.31
6.89% State
Net Average Maturity 7.55 yrs Government(^)-Bihar SOV 1.11 Jamnagar Utilities &
Portfolio Modified Duration 4.47 yrs 8.79% Central Government SOV 0.82 Power Private Limited
1.44% Central Government SOV 0.81 ( Mukesh Ambani Group ) (^) CRISIL AAA 0.47
IRS Modified Duration* -1.01 yrs LIC Housing Finance Ltd. CRISIL AAA 0.18
7.23% State
Net Modified Duration 3.45 yrs Government-Karnataka SOV 0.68 Corporate Debt/Financial
Portfolio Macaulay Duration 4.66 yrs 6.52% State Institutions - Total 8.58
Government-Karnataka SOV 0.66 Triparty Repo 0.18
6.46% State Net Current Assets/
Net Macaulay Duration 3.62 yrs Government-Gujarat SOV 0.42 (Liabilities) 1.71
YTM 6.30% 7.16% Central Government SOV 0.17 Grand Total 100.00
$
ALLOCATION (%)
*Interest Rate Swap
0.96
Source: $ ICRAMFI Explorer. Standard 68.64 28.51 1.71 0.18
Government Dated Securities Debentures and Bonds Net Current Assets
`1 for purchase and for `0.01 for switches Construction TREP & Term Deposits & Rev.Repo
multiples of `1 RATING PROFILE (%)
Ideal Investment Horizon: 2-3 years
Load Structure 4.42 0.96
Entry Load: Nil. (applicable for all plans) 92.73 1.71 0.18
Exit Load: Nil
Regular: 1.26%; Direct: 0.52% AAA, SOV AA+, IND AA Net Current Assets Construction TREP & Term Deposits & Rev.Repo

Mod
e erate
erat High ly Monthly SIP of (`) 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Mod
er to
e
at
H
M Low
ig
h
od
Very
Low
Scheme Returns (%) 8.73 8.75 8.49 8.16 8.02 3.82

High
Low High
Nifty Composite Debt Index Returns (%) 8.47 8.60 8.42 8.38 8.88 4.99
Investors understand that their principal will be at moderate risk Alpha 0.25 0.15 0.07 -0.21 -0.87 -1.17
• Income over a medium term investment horizon Nifty Composite Debt Index (`)# 28,68,116 18,70,661 11,33,092 7,40,753 4,11,369 1,23,170
• Investment in debt & money market securities across
durations. CRISIL 10 Year Gilt Index (`)^ 25,64,649 17,39,806 10,76,093 7,07,978 3,97,906 1,21,356
about whether the product is suitable for them. CRISIL 10 Year Gilt Index (%) 6.92 7.22 6.97 6.57 6.63 2.12
Kotak Dynamic Bond Fund NAV as on July 31, 2021: `29.4947 (Growth Option), `31.1246 (Direct Growth Option), `11.1120 (Quarterly-Reg-Plan-IDCW), `10.9237 (Quarterly-Dir-Plan-IDCW), `21.7643 (Monthly-Reg-
Plan-IDCW), `22.4136 (Monthly-Dir-Plan-IDCW)
42
Maturity
KOTAK BOND FUND Low
Medium
An open-ended medium term debt scheme investing in instruments such that the High
macaulay duration of the portfolio is between 4 years and 7 years
Fund Manager: Mr. Abhishek Bisen* PORTFOLIO

AAUM: `1,892.86 crs
Benchmark: NIFTY Medium to
Debt Instruments 7.29% State
Long Duration Debt
Index Debentures and Government-West Bengal SOV 1.64
Bonds 7.18% State
Folio count: 5,707
Government Government-Uttarakhand SOV 1.63
The investment objective of the Scheme is Dated Securities 7.15% State
to create a portfolio of debt instruments 6.58% State Government-Rajasthan SOV 1.62
such as bonds, debentures, Government
Government-Gujarat SOV 18.56 7.20% State
Securities and money market instruments,
including repos in permitted securities of 7.84% State Government-Tamil Nadu SOV 1.36
different maturities, so as to spread the risk
Government-Tamil Nadu SOV 16.77 1.44% Central
across different kinds of issuers in the debt
markets. There is no assurance that the 6.72% State Government SOV 0.78
investment objective of the Scheme will be Government-Kerala SOV 9.88
achieved. GS CG 23/12/2025 - (STRIPS) SOV 0.39
Available Plans/Options 4.70% Central
8.24% State
Government SOV 5.99
Options: Payout of IDCW, Reinvestment of Government-Tamil Nadu SOV 0.34
IDCW & Growth (applicable for all plans) 6.67% Central
6.85% State
IDCW Frequency
Quarterly (20th of Mar/Jun/Sep/Dec), Half Government SOV 5.94
Government-Kerala SOV 0.32
Yearly (20th of Mar/Sept), Annual (12th of 7.85% State
Mar) (applicable for all plans) Government Dated
Government-Rajasthan SOV 3.69
Ratios Securities - Total 88.15
7.84% State
Portfolio Average Maturity 7.36 yrs Public Sector
IRS Average Maturity* - Government-Maharashtra SOV 3.36
Undertakings
Net Average Maturity 7.36 yrs 7.61% State
Portfolio Modified Duration 4.24 yrs Power Finance
Government-Tamil Nadu SOV 3.32
IRS Modified Duration* - Corporation Ltd. CRISIL AAA 9.60
7.23% State
Government-Rajasthan SOV 3.25 National Highways
IRS Macaulay Duration* - 7.29% State Authority Of India CRISIL AAA 0.10
Net Macaulay Duration 4.38 yrs Government-Kerala SOV 2.63 Public Sector
YTM 6.43% Undertakings - Total 9.70
$
6.45% State
Government-Rajasthan SOV 2.42 Triparty Repo 1.04
*Interest Rate Swap
7.17% State Net Current Assets/
Government-Uttar Pradesh SOV 2.28 (Liabilities) 1.11
using 3 years history of monthly returns. 7.39% State Grand Total 100.00
Initial Investment: `5000 and in multiple of Government-Maharashtra SOV 1.98
of `1
Ideal Investments Horizon: 2-3 years ALLOCATION (%)
Load Structure
Exit Load: Nil. (applicable for all plans) 1.11
Note: The aforesaid revised exit load 88.15 9.7 1.04
structure will be applicable only on a
prospective basis for Units purchased
/SIP/STP registered on or after April 20,
2021. Government Dated Securities Debentures and Bonds Net Current Assets
Regular: 1.80%; Direct: 0.74% TREP & Term Deposits & Rev.Repo
Product Label
erat
e
Mod
erate RATING PROFILE (%)
Mod High ly
er to
e
at
H
M Low
ig
h
od
1.11
Very
97.85 1.04
Low
H
igh
Low High
This product is suitable for investors who are seeking*: AAA, SOV Net Current Assets TREP & Term Deposits & Rev.Repo
• Investment in debt & money market securities with a
portfolio Macaulay duration between 4 years & 7
years.
43
KOTAK BOND FUND
An open-ended medium term debt scheme investing in instruments such that the macaulay duration of the portfolio is between 4 years and 7 years

Scheme Returns (%) 8.03 7.53 7.21 7.05 7.49 2.97
Nifty Medium to Long Duration Debt Index Returns (%) NA 8.53 8.38 8.33 9.00 4.84
Alpha NA -1.00 -1.17 -1.28 -1.51 -1.87
Nifty Medium to Long Duration Debt Index (`)# NA 18,63,274 11,31,357 7,39,934 4,12,079 1,23,077
CRISIL 10 Year Gilt Index (`)^ NA 17,39,806 10,76,093 7,07,978 3,97,906 1,21,356
CRISIL 10 Year Gilt Index Returns (%) NA 7.22 6.97 6.57 6.63 2.12
Scheme Inception : - November 25,1999. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial
Kotak Bond Fund NAV as on July 31, 2021: `61.2984 (Growth Option), `66.0244 (Direct Growth Option), `13.0014 (Quarterly-Reg-Plan-IDCW), `17.8693 (Quarterly-Dir-Plan-IDCW), `37.5554 (Annual-Reg-Plan-IDCW),
`21.9750 ( Annual-Dir-Plan-IDCW)
44
Maturity
KOTAK GILT FUND Low
Medium
An open-ended debt scheme investing in government securities across maturity High

AAUM: `960.20 crs
Benchmark: Nifty All Duration
G-Sec Index Government 7.80% State
Dated Securities Government-Jharkhand SOV 1.55
Allotment date: Regular Plan -
December 29, 1998; 4.70% Central Government SOV 53.65 7.85% State
PF & Trust Plan - 7.88% State Government-Rajasthan SOV 1.04
November 11, 2003 Government-Chattisgarh SOV 10.37 6.75% State
Folio count: 4,849 6.67% Central Government(^) SOV 8.25 Government-Bihar SOV 0.98
7.62% State 8.43% State
Government(^)-Andhra Pradesh SOV 5.13 Government-Tamil Nadu SOV 0.37
The objective of the Plan is to generate risk-free
returns through investments in sovereign 8.03% State 6.57% State
securities issued by the Central Government... Government-Uttar Pradesh SOV 3.65 Government-Andhra Pradesh SOV 0.24
and/or State Government(s) and/or any security
unconditionally guaranteed by the Government 6.76% Central Government(^) SOV 3.24 GS CG 23/12/2025 - (STRIPS) SOV 0.23
of India, and/or reverse repos in such securities as 6.72% State 6.68% State
and when permitted by RBI. A portion of the
fund may be invested in Reverse repo, CBLO Government-Kerala SOV 3.20 Government-Haryana SOV 0.15
and/or other similar instruments as may be 7.42% State 6.78% State
notified to meet the day-to-day liquidity
requirements of the Plan. To ensure total safety Government-West Bengal SOV 3.06 Government-Karnataka SOV 0.09
of Unit holders' funds, the Plan does not invest in 7.80% State Government Dated
any other securities such as shares, debentures Government-Kerala SOV 2.58 Securities - Total 102.37
or bonds issued by any other entity. The Fund will
seek to underwrite issuance of Government 7.74% State Triparty Repo 11.10
Securities if and to the extent permitted by Government-Tamil Nadu SOV 2.58 Net Current Assets/
SEBI/RBI and subject to the prevailing rules and
regulations specified in this respect and may also 7.17% State (Liabilities) -13.47
participate in their auction from time to time. Government-Gujarat SOV 2.01 Grand Total 100.00
Subject to the maximum amount permitted from
time to time, the Plan may invest in securities
abroad, in the manner allowed by SEBI/RBI in
conformity with the guidelines, rules and ALLOCATION (%)
regulations in this respect. There is no assurance
that the investment objective of the Plan will be
achieved. It is however........... emphasized, that - 13.47 102.37 11.1
investments under the Plan are made in
Government Securities, where there is no risk of
default of payment in principal or interest
amount.
Available Plans/Options Government Dated Securities TREP & Term Deposits & Rev.Repo Net Current Assets
A) Regular Non Direct Plan,
B) PF & Trust Non Direct Plan,
C) Regular Direct Plan,
D) PF & Trust Direct Plan.
Options: Payout of IDCW, Reinvestment of RATING PROFILE (%)
IDCW Frequency
Quarterly (20th of Mar/Jun/Sep/Dec) - 13.47 102.37 11.1
Ratios
IRS Average Maturity* -
Net Average Maturity 12.33 yrs SOV TREP & Term Deposits & Rev.Repo Net Current Assets
IRS Modified Duration* -
Kotak Gilt Fund NAV as on July 31, 2021: `76.7589 (Regular-Growth), `83.6250 (Regular-Growth-Direct), `14.9988 (Quarterly-Reg-Plan-IDCW), `18.8862 (Quarterly-
Net Modified Duration 3.16 yrs Dir-Plan-IDCW), `78.5291 (PF & Trust-Growth), `85.6447 (PF & Trust-Growth Direct), `11.9247 (PF & Trust-Quarterly-Reg-Plan-IDCW )
Portfolio Macaulay Duration 3.27 yrs (^) Fully or Party blocked against Interest Rate Swap (IRS) Hedging Position through Interest Rate Swaps as on 31 Jul 2021 is 12.20% of the net assets.
IRS Macaulay Duration* - *For Fund Manager experience, please refer page 69-71. **Total Expense Ratio includes applicable B30 fee and GST. For scheme performance, please refer page no 61-68.
Net Macaulay Duration 3.26 yrs For last three IDCW, please refer page no 72-74.
YTM 5.80%
$
Standard Deviation
(A) Reg. Plan (B) PF Trust Plan 4.10%
*Interest Rate Swap
Source: $ICRAMFI Explorer. Standard Deviation is
calculated on Annualised basis using 3 years
history of monthly returns.
Initial Investment: `5000 and in multiple of `1
for purchase and for `0.01 for switches
Additional Investment: `1000 & in multiples of
`1
Ideal Investments Horizon: 2-3 years
Load Structure
Entry Load: (a) Regular Plan - Entry: Nil. (b) PF &
Trust Plan - Entry: Nil. (applicable for all plans)
Exit Load: (a) Regular Plan - Exit: Nil. (b) PF&Trust
Plan-Exit: Nil. (applicable for all plans)

Product Label
Mod
e erate
erat High ly
Mod
er to
e
at
H
M Low
ig
h
od
Very
Low
H
igh
Low High
• Investment in sovereign securities issued by the
Central and/or State Government(s) and/or reverse
repos in such securities
45
Details of exposure across all Debt Funds of Kotak Mahindra Mutual Fund as on July 31, 2021
Issuer Name %age of Exposure to Debt AUM
AU Small Finance Bank Ltd. 0.15
AXIS Bank Ltd. 1.98
AXIS Finance Ltd. 0.24
Aarish Solar Power Ltd.
( Solar power generating SPV of Greenko Group with offtaker as NTPC & secured by corporate guarantee of
Greenko Energies Pvt. Ltd. ) 0.00
Aashman Energy Pvt. Ltd.
Aditya Birla Finance Ltd. 0.50
Aditya Birla Housing Finance Ltd. 0.07
Axis Securities Limited 0.07
Bahadur Chand Investments Private Limited 0.13
Bajaj Finance Ltd. 2.47
Bajaj Housing Finance Ltd. 1.09
Bank Of Baroda 0.45
Barclays Investments & Loan (India) Ltd. 0.07
Bharat Heavy Electricals Ltd. 0.22
Bharat Oman Refineries Limited 0.22
Bharti Airtel Ltd. 0.07
Bharti Hexacom Ltd. 0.15
Bharti Telecom Ltd. 0.22
Bhopal Dhule Transmission Company Ltd. ( Operational power transmission project ) 0.13
Birla Corporation Ltd. 0.03
Birla Group Holding Private Limited 0.22
Britannia Industries Ltd. 0.00
Can Fin Homes Ltd. 0.04
Canara Bank 0.44
Central Government 26.64
Chennai Petroleum Corporation Ltd. 0.35
Cholamandalam Investment and Finance Company Ltd. 0.55
Coastal Gujarat Power Ltd. ( Guarenteed by TATA Power Co. Ltd ) 0.10
Daimler Financial Services India 0.22
Dalmia Cement (Bharat) Ltd 0.01
Divyesh Power Pvt. Ltd.
Embassy Office Parks REIT - NCDs/ZCBs 0.51
Elena Renewable Energy Pvt. Ltd.
Export-Import Bank of India 0.90
First Business Receivables Trust ( Originator Reliance Industries Ltd ) 0.23
Food Corporation of India (Guaranteed by Govt. of India) 0.40
Fullerton India Credit Co. Ltd. 0.14
GIC Housing Finance Ltd. 0.22
Godrej Industries Ltd 0.11
Godrej Properties Limited 0.17
Grasim Industries Ltd. 0.29
HDB Financial Services Ltd. 1.09
HDFC Ltd. 2.36
HDFC Securities Limited 0.15
HPCL Mittal Energy Ltd. 0.07
Hero FinCorp Ltd. 0.26
Hindalco Industries Ltd. 0.00
Hindustan Petroleum Corporation Ltd. 0.04
Hindustan Zinc Ltd. 0.60
ICICI Bank Ltd. 0.27
ICICI Home Finance Company Limited 0.03
ICICI Securities Limited 0.04
ICICI Securities Primary Dealership Ltd. 0.15
IDFC First Bank Limited 0.37
IIFL Home Finance Ltd. 0.05
IOT Utkal Energy Services Ltd. 0.00
India Grid Trust - NCDs 0.05
Indian Bank 0.31
Indian Oil Corporation Ltd. 0.04
Indian Railway Finance Corporation Ltd. 0.19
IndusInd Bank Ltd. 0.80
JM Financial Services Limited 0.07
JM Financial Credit Solutions Ltd. 0.02
JM Financial Products Limited 0.17
Jamnagar Utilities & Power Private Limited ( Mukesh Ambani Group ) 0.48
Julius Baer Capital (India) Pvt. Ltd 0.04
Kec International Ltd. 0.06
Kotak Mahindra Bank Ltd. 0.01
Kotak Mahindra Investments Ltd. 0.07
Kotak Mahindra Prime Ltd. 0.56
L & T Finance Ltd. 0.24
LIC Housing Finance Ltd. 2.41
Mahindra & Mahindra Financial Services Ltd. 0.51
Manappuram Finance Ltd. 0.25
Mangalore Refinery and Petrochemicals Ltd. 0.09
Mindspace Business Parks REIT - NCDs 0.15
46
Issuer Name %age of Exposure to Debt AUM
Motilal Oswal Financial Services Limited 0.07
Motilal Oswal Finvest Ltd. 0.28
Muthoot Finance Ltd. 0.89
NHPC Ltd. 0.00
Nabha Power Ltd. ( Guaranteed by Larsen & Toubro Ltd ) 0.95
National Bank for Agriculture & Rural Development 4.39
National Cooperative Development Corporation 0.04
National Highways Authority Of India 0.31
National Thermal Power Corporation Ltd. 1.02
Network18 Media & Investments Ltd. 0.04
Nirma Ltd. 0.13
Northern Arc Capital Limited 0.04
Nuvoco Vistas Corporation Ltd. 0.15
ONGC Petro Additions Ltd. 0.15
Oberoi Realty Limited 0.07
Phoenix ARC Pvt Ltd 0.04
Piramal Enterprises Ltd. 0.22
Power Finance Corporation Ltd. 2.91
Power Grid Corporation of India Ltd. 0.05
Pratyash Renewable Pvt. Ltd.
Punjab & Sind Bank 0.19
Punjab National Bank 0.25
RBL Bank Ltd. 0.07
Reliable Devices Trust ( Underlying customer Reliance Retail ) 0.14
Reliance Industries Ltd. 2.46
Reliance Jio Infocomm Ltd. 1.40
Reliance Retail Ventures Ltd 0.55
Rural Electrification Corporation Ltd. 2.61
SEI Baskara Power Pvt. Ltd.
SEI Enerstar Renewable Energy Pvt. Ltd.
SP Jammu Udhampur Highway Ltd. ( Operational road project with annuity from NHAI ) 0.05
Sharekhan Limited 0.07
Shreyas Renwable Energy Pvt. Ltd.
Shriram City Union Finance Ltd. 0.06
Shriram Transport Finance Co Ltd. 0.37
Sikka Ports & Terminals Ltd. ( Mukesh Ambani Group ) 0.81
Small Industries Development Bank Of India 0.12
State Bank Of India. 1.45
State Government 8.47
Steel Authority of India Ltd. 0.37
Sundaram Finance Ltd. 0.94
Sundaram Home Finance Ltd 0.07
TREP/REVERSE REPO 12.50
Tata Capital Financial Services Limited 1.51
Tata Capital Housing Finance Ltd. 0.30
Tata Motors Ltd. 0.35
Tata Power Company Ltd. 0.37
Tata Projects Ltd. 0.18
Tata Sons Private Ltd. 0.04
Tata Steel Ltd. 0.21
The Indian Hotels Company Ltd. 0.04
U P Power Corporation Ltd ( Guaranteed By UP State Government ) 0.07
Union Bank of India 0.41
YES Bank Ltd. 0.00
Zuvan Energy Pvt. Ltd.
Total 100.00
Industry / Sector %age of Exposure to Debt AUM $

BANK 7.16
CASH (TREP/REVERSE REPO) 12.50
CORPORATES 14.45
FINANCIAL SERVICES 18.87
GOI/TBILLS 35.11
NBFC 11.91
Total 100.00
Key Credit Brief provides the Key Highlights for select counterparties in our portfolio.
Please click here for the updated Key Credit Brief.
For viewing this on the desktop please visit: Kotak MF website>> Market & Funds >> Fund Updates >> Key Credit Brief. Also you can scan the
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47
KOTAK GOLD FUND
An open ended fund of fund scheme investing in units of
Kotak Gold Exchange Traded Fund

Benchmark: Price of Gold Equity & Equity related Triparty Repo 1.56
Mutual Fund Units Net Current Assets/
Allotment date: March 25, 2011
Kotak Mutual Fund - (Liabilities) -0.19
Folio count: 71,655 Kotak Gold ETF Mutual Fund 98.63 Grand Total 100.00
The investment objective of the scheme is to
generate returns by investing in units of SECTOR ALLOCATION (%)
Kotak Gold Exchange Traded Fund.
However, there is no assurance or - 0.19 98.63 1.56
A) Regular Plan B) Direct Plan Mutual Fund TREP & Term Deposits & Rev.Repo Net Current Assets
IDCW Frequency
of `1
Ideal Investment Horizon: 3 years & above
Load Structure
Exit Load:
6% of the units allotted shall be redeemed
without any Exit Load on or before
completion of 1 Year from the date of
allotment of units.
Any redemption in excess of such limit
within 1 Year from the date of allotment
shall be subject to the following Exit Load:
a) If redeemed or switched out on or before
allotment of units-1.00%
b) If redeemed or switched out after
allotment of units-NIL

Regular:0.56%; Direct: 0.18%
Product Label
Mod
e erate
erat High ly
Mod
er to
e
at
H
M Low
ig
h
od
Very
Low
H
igh
Low High
• Returns in line with physical gold over medium to long
term, subject to tracking error
• Investment in physical gold
Kotak Gold Fund NAV as on July 31, 2021: `19.8496 (Reg-Plan-IDCW), `20.6208 (Dir-Plan-IDCW), `19.8497 (Growth Option), `20.6210 (Direct Growth Option)
48
Maturity For Debt: Investment style For Equity:
KOTAK ASSET ALLOCATOR Low Large
FUND Medium Medium

An open-ended fund of fund scheme investing in specified High Small
open-ended equity, and debt schemes of Kotak Mahindra Mutual Fund

Mr. Arjun Khanna*
Benchmark: NIFTY 50 Hybrid Equity & Equity related Kotak Dynamic Bond
Composite Debt
Mutual Fund Units Dir Plan Growth Debt Schemes 2.28
50:50 Index
Allotment date: August 9, 2004 Kotak Bond Direct Kotak Equity Opportunities
Folio count: 15,516 Plan Growth Debt Schemes 34.36 Fund Direct Growth Equity Schemes 1.23
Kotak Emerging Equity Mutual Fund
To generate long-term capital appreciation Scheme Direct Growth Equity Schemes 16.12 Units - Total 96.03
from a portfolio created by investing in Kotak Small Cap Fund Triparty Repo 4.29
specified open-ended equity, and debt Direct Growth Equity Schemes 16.08
schemes of Kotak Mahindra Mutual Fund. Net Current Assets/
However, there is no assurance that the Kotak Bluechip Fund Equity Schemes 15.81
(Liabilities) -0.32
investment objective of the Scheme will be Kotak Infrastructure & Economic
realized. Grand Total 100.00
Reform Fund Direct Growth Equity Schemes 10.15
- 0.32 59.39 36.64 4.29
IDCW Frequency
Initial Investment: `5000 and in multiple of Equity Schemes Debt Schemes TREP & Term Deposits & Rev.Repo Net Current Assets
of `1
Load Structure
Exit Load:
allotment of units.

Regular:1.16%; Direct: 0.30%
Product Label
Mod
e erate
erat High ly
Mod
er to
e
at
H
M Low
ig
h
od
Very
Low
High
Low High
Investors understand that their principal will be at high risk
• Investment in open-ended diversified equity schemes
and debt schemes of Kotak Mahindra Mutual Fund
Kotak Asset Allocator Fund NAV as on July 31, 2021: `124.4170 (Reg-Plan-IDCW), `131.0780 (Dir-Plan-IDCW), `127.8170 (Growth Option), `133.4810 (Direct Growth Option)
49
Investment style
KOTAK GLOBAL EMERGING MARKET FUND Large
Medium
An open-ended fund of fund scheme investing in overseas mutual fund Small
schemes investing in global emerging markets
Fund Manager: Mr. Arjun Khanna* PORTFOLIO

Benchmark: MSCI Emerging Equity & Equity related Triparty Repo 3.50
Market index
Mutual Fund Units Net Current Assets/
Allotment date: September 26, 2007 Signature Emerging (Liabilities) -0.60
Folio count: 21,612 Markets Fund - 974 Overseas Mutual Fund 97.10 Grand Total 100.00
Investment Objective Mutual Fund Units - Total 97.10
The investment objective of the scheme is to
For viewing detailed portfolio of CI Emerging Markets Fund on desktop please visit: www.kotakmf.com>> Forms &
provide long-term capital appreciation by
Downloads>>Portfolios>>CI Emerging Markets Fund
investing in an overseas mutual fund
scheme that invests in a diversified portfolio
of securities as prescribed by SEBI from time
to time in global emerging markets. SECTOR ALLOCATION (%)
However, there is no assurance or
guarantee that the investment objective of - 0.6 97.1 3.5
Overseas Mutual Fund TREP & Term Deposits & Rev.Repo Net Current Assets
IDCW Frequency
of `1
Load Structure
Exit Load:
allotment of units.
Product Label
Mod
e erate
erat High ly
Mod
er to
e
at
H
M Low
ig
h
od
Very
Low
High
Low High

• Investment in overseas mutual fund schemes that invest
in a diversified portfolio of securities in global emerging
markets
Kotak Global Emerging Market Fund NAV as on July 31, 2021: `22.4890 (Reg-Plan-IDCW), `24.0150 (Dir-Plan-IDCW), `22.4870 (Growth Option), `23.9140 (Direct Growth Option)
50
KOTAK NASDAQ 100 FOF
An open ended fund of fund investing in units of overseas ETF's and/or Index Fund based on NASDAQ 100 Index
Fund Manager: Mr. Arjun Khanna & PORTFOLIO

Mr. Abhishek Bisen Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net
Assets Assets
AAUM: `493.34 crs
Equity & Equity related Triparty Repo 1.23
AUM: `513.81 crs Mutual Fund Units Net Current Assets/
Benchmark: NASDAQ 100 TRI Ishares Nasdaq 100 (Liabilities) -0.13
Allotment date: February 2, 2021 UCITS ETF USD Overseas Mutual Fund 98.90 Grand Total 100.00
Folio count: 30,199
For viewing detailed portfolio of Ishares NASDAQ 100 UCITS ETF USD on desktop please visit:
https://www.ishares.com/uk/individual/en/products/253741/ishares-nasdaq-100-ucits-etf
to provide long-term capital appreciation by
investing in units of overseas ETF’s and/ or
Index Fund based on NASDAQ 100 Index. SECTOR ALLOCATION (%)
However, there can be no assurance that
the investment objective of the Scheme will - 0.13 98.9 1.23
be realized.
Overseas Mutual Fund TREP & Term Deposits & Rev.Repo Net Current Assets
Options: Growth
multiples of `1
Load Structure
Exit Load: Nil
Product Label
Mod
e erate
erat High ly
Mod
er to
e
at
H
M Low
ig
h
od
Very
Low
High
Low High
• Return that corresponds generally to the performance
of the NASDAQ-100 Index, subject to tracking error.
Kotak NASDAQ 100 FOF NAV as on July 31, 2021: `11.2166 (Growth Option), `11.2393 (Direct Growth Option)
**Total Expense Ratio includes applicable B30 fee and GST.
51
KOTAK GOLD ETF
An open-ended scheme replicating/ tracking physical gold prices
Fund Manager: Mr. Abhishek Bisen & PORTFOLIO

Mr. Satish Dondapati*
AUM: `1,857.65 crs Equity & Equity related Net Current Assets/
Benchmark: Price of Gold Gold (Liabilities) 2.13
Allotment date: July 27, 2007 Gold 1 Kg Fineness 0.995 97.87 Grand Total 100.00
Folio count: 48,925 Equity & Equity
The investment objective of the scheme is Tracking Error: 0.09%
to generate returns that are in line with the
returns on investment in physical gold, SECTOR ALLOCATION (%)
subject to tracking errors. However, there is
no assurance that the investment objective
of the Scheme will be achieved. 97.87 2.13
Available Plan
Regular Plan
Minimum Investment Amount Gold Net Current Assets
Through Exchange:1 Unit,
Through AMC: 100000 Units,
(WEF July 23, 2021)
Ideal Investment Horizon: 5 years and.......
above
Load Structure
Regular: 0.55%
Product Label
Mod
e erate
erat High ly
Mod
er to
e
at
H
M Low
ig
h
od
Very
Low
High
Low High

• Returns in line with physical gold over medium to long
term, subject to tracking error
• Investment in physical gold
Kotak Gold ETF NAV as on July 31, 2021: `42.1025

7
52
KOTAK NIFTY ETF
An open-ended scheme replicating/ tracking nifty 50 index

AUM: `1,335.35 crs
Equity & Equity related IndusInd Bank Ltd. Banks 0.86
Reliance Industries Ltd. Petroleum Products 9.60 Power Grid Corporation
Allotment date: February 2, 2010
HDFC Bank Ltd. Banks 9.09 Of India Ltd. Power 0.85
Folio count: 12,856
Infosys Ltd. Software 8.71 Dr Reddys Laboratories Ltd. Pharmaceuticals 0.83
Investment Objective ICICI Bank Ltd. Banks 6.90 National Thermal Power
to provide returns before expenses that HDFC Ltd. Finance 6.42 Corporation Limited Power 0.82
closely correspond to the total returns of Tata Consultancy HDFC Life Insurance
the Nifty 50 subject to tracking errors. Services Ltd. Software 4.79 Company Ltd. Insurance 0.80
However, there is no assurance or
guarantee that the investment objective of Kotak Mahindra Bank Ltd. Banks 3.54 Tata Motors Ltd. Auto 0.77
the scheme will be achieved. Hindustan Unilever Ltd. Consumer Non Durables 3.04 Bajaj Auto Ltd. Auto 0.73
Available Plan Larsen And Toubro Ltd. Construction Project 2.82 Adani Port and Special
Regular Plan Axis Bank Ltd. Banks 2.66 Economic Zone Ltd. Transportation 0.72
Ratios ITC Ltd. Consumer Non Durables 2.61 SBI Life Insurance
State Bank Of India Banks 2.42 Company Ltd Insurance 0.71
Portfolio Turnover: 58.96%
Bajaj Finance Ltd. Finance 2.41 Cipla Ltd. Pharmaceuticals 0.68
Tracking Error: 0.09% Asian Paints Ltd. Consumer Non Durables 1.95 Tata Consumer Products Ltd Consumer Non Durables 0.66
Bharti Airtel Ltd Telecom - Services 1.94
Minimum Investment Amount UPL Ltd Pesticides 0.65
Through Exchange:1 Unit, Tata Steel Ltd. Ferrous Metals 1.64
Bharat Petroleum
Through AMC: 50000 Units, HCL Technologies Ltd. Software 1.62
Corporation Ltd. Petroleum Products 0.61
Ideal Investment Horizon: 5 years and Maruti Suzuki India Limited Auto 1.35
above Oil & Natural Gas
Ultratech Cement Ltd. Cement & Cement Products 1.28
Load Structure Corporation Ltd. Oil 0.61
Wipro Ltd. Software 1.27
Entry Load: Nil. (applicable for all plans) Britannia Industries Ltd. Consumer Non Durables 0.59
Exit Load: Nil (applicable for all plans) Bajaj Finserv Ltd. Insurance 1.26
Shree Cement Ltd. Cement & Cement Products 0.55
Sun Pharmaceuticals
Total Expense Ratio** Hero MotoCorp Ltd. Auto 0.52
Regular: 0.12% Industries Ltd. Pharmaceuticals 1.22
Eicher Motors Ltd. Auto 0.51
Tech Mahindra Ltd. Software 1.09
Coal India Ltd. Minerals/Mining 0.44
JSW Steel Ltd. Ferrous Metals 1.04
Indian Oil Corporation Ltd Petroleum Products 0.38
Mahindra & Mahindra Ltd. Auto 1.04
Equity & Equity
Titan Company Ltd. Consumer Durables 1.04
Hindalco Industries Ltd Non - Ferrous Metals 0.95
Nestle India Ltd. Consumer Non Durables 0.92 Net Current Assets/
Divi s Laboratories Ltd. Pharmaceuticals 0.91 (Liabilities) 0.32
Grasim Industries Ltd. Cement & Cement Products 0.86 Grand Total 100.00

9.77 4.92 2.82 2.69
25.47 17.48 10.59 8.83 3.64 2.77 11.02
Banks Software Petroleum Products Consumer Non Durables Finance Auto
Pharmaceuticals Construction Project Insurance Cement & Cement Products REST
Product Label
Mod
e erate
erat High ly
Mod
er to
e
at
H
M Low
ig
h
od
Very
Low
High
Low High

• Investment in stocks comprising the underlying index
and endeavours to track the benchmark index
Kotak Nifty ETF NAV as on July 31, 2021: `165.6972

7
53
KOTAK SENSEX ETF
An open-ended scheme replicating/ tracking S&P BSE sensex index

AUM: `18.26 crs
Equity & Equity related Ultratech Cement Ltd. Cement & Cement Products 1.52
Benchmark: S&P BSE SENSEX TRI
Allotment date: June 6, 2008 Reliance Industries Ltd. Petroleum Products 11.34 Bajaj Finserv Ltd. Insurance 1.48
Folio count: 1,229 Infosys Ltd. Software 10.17 Sun Pharmaceuticals
Investment Objective HDFC Bank Ltd. Banks 10.03 Industries Ltd. Pharmaceuticals 1.44
The investment objective of the scheme is Tech Mahindra Ltd. Software 1.29
ICICI Bank Ltd. Banks 8.14
to provide returns before expenses that
closely correspond to the total returns of HDFC Ltd. Finance 7.59 Mahindra & Mahindra Ltd. Auto 1.23
the BSE SENSEX subject to tracking errors.
Tata Consultancy Titan Company Ltd. Consumer Durables 1.23
H o w e v e r, t h e r e i s n o a s s u r a n c e
or.guarantee that the investment objective Services Ltd. Software 5.65 Nestle India Ltd. Consumer Non Durables 1.09
of the scheme will be achieved.
Kotak Mahindra Bank Ltd. Banks 3.73 Power Grid Corporation
Available Plan
Regular Plan Hindustan Unilever Ltd. Consumer Non Durables 3.59 Of India Ltd. Power 1.01
Ratios Larsen And Toubro Ltd. Construction Project 3.33 Dr Reddys

Axis Bank Ltd. Banks 3.22 Laboratories Ltd. Pharmaceuticals 0.99
ITC Ltd. Consumer Non Durables 3.09 IndusInd Bank Ltd. Banks 0.98
Tracking Error: 0.10% Bajaj Finance Ltd. Finance 2.85 National Thermal Power
Minimum Investment Amount State Bank Of India Banks 2.85 Corporation Limited Power 0.97
Bharti Airtel Ltd Telecom - Services 2.34 Bajaj Auto Ltd. Auto 0.86
Ideal Investment Horizon: 5 years and Asian Paints Ltd. Consumer Non Durables 2.30 Equity & Equity
above
Tata Steel Ltd. Ferrous Metals 1.93 Related - Total 99.76
Load Structure
Entry Load: Nil. (applicable for all plans) HCL Technologies Ltd. Software 1.92 Net Current Assets/
Exit Load: Nil (applicable for all plans) Maruti Suzuki (Liabilities) 0.24
Total Expense Ratio** India Limited Auto 1.60 Grand Total 100.00
Regular: 0.28%

3.69 2.43 1.98
28.95 19.03 11.34 10.44 10.07 3.33 2.34 6.4
Banks Software Petroleum Products Finance Consumer Non Durables Auto

Construction Project Pharmaceuticals Telecom - Services Power REST
Product Label
Mod
e erate
erat High ly
Mod
er to
e
at
H
M Low
ig
h
od
Very
Low
High
Low High

Kotak Sensex ETF NAV as on July 31, 2021: `549.9638

7
54
KOTAK BANKING ETF
An open-ended scheme replicating/ tracking nifty bank index

AUM: `6,987.54 crs
Equity & Equity related Federal Bank Ltd. Banks 1.53
Benchmark: Nifty Bank Index TRI
Allotment date: December 04, 2014 HDFC Bank Ltd. Banks 27.51 IDFC First Bank Limited Banks 1.22
Folio count: 21,071 ICICI Bank Ltd. Banks 22.87 Punjab National Bank Banks 1.03
Investment Objective State Bank Of India Banks 12.40 RBL Bank Ltd Banks 0.79
The investment objective of the scheme is Kotak Mahindra Bank Ltd. Banks 11.75 Equity & Equity
to provide returns before expenses that
closely correspond to the total returns of Axis Bank Ltd. Banks 11.47 Related - Total 99.83
stocks as represented by the Nifty Bank IndusInd Bank Ltd. Banks 5.19 Net Current Assets/
Index subject to tracking errors. There is no
AU Small Finance Bank Ltd. Banks 2.34 (Liabilities) 0.17
assurance or guarantee that the investment
objective of the scheme will be achieved. Bandhan Bank Ltd. Banks 1.73 Grand Total 100.00
Available Plan/Options
Regular Plan SECTOR ALLOCATION (%)
Option - Payout of IDCW
Ratios
99.83 0.17
Tracking Error: 0.33%

Banks Net Current Assets
Ideal Investment Horizon: 5 years and.......
above
Load Structure
Regular: 0.18%

Product Label
Mod
e erate
erat High ly
Mod
er to
e
at
H
M Low
ig
h
od
Very
Low
High
Low High

Kotak Banking ETF NAV as on July 31, 2021: `349.3911

7
55
KOTAK PSU BANK ETF
An open-ended scheme replicating/ tracking nifty PSU bank index

Mr. Satish Dondapati* Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net
AUM: `139.13 crs Bank of Maharashtra Banks 1.67
Equity & Equity related
Benchmark: Nifty PSU Bank TRI State Bank Of India Banks 30.31 The Jammu and Kashmir
Allotment date: November 8, 2007 Bank Of Baroda Banks 17.73 Bank Ltd. Banks 1.45
Folio count: 4,386 Punjab National Bank Banks 13.93 UCO Bank Banks 1.37
Investment Objective Canara Bank Banks 13.02 Punjab & Sind Bank Banks 0.40
The investment objective of the scheme is Indian Bank Banks 5.77 Equity & Equity
to provide returns that closely correspond
to the total returns of Nifty PSU Bank Index, Bank of India Banks 4.58 Related - Total 99.96
subject to tracking errors. However, there is Union Bank Of India Banks 4.19 Net Current Assets/
no assurance or guarantee that the Indian Overseas Bank Banks 3.08 (Liabilities) 0.04
investment objective of the scheme will be Central Bank Of India Banks 2.46
achieved. Grand Total 100.00
Available Plan
Regular Plan
Ratios
99.96 0.04

Banks Net Current Assets
Ideal Investment Horizon: 5 years and
above
Load Structure
Regular: 0.49%
Product Label
Mod
e erate
erat High ly
Mod
er to
e
at
H
M Low
ig
h
od
Very
Low
High
Low High

Kotak PSU Bank ETF NAV as on July 31, 2021: `239.1688

7
56
KOTAK NV20 ETF
An open-ended scheme replicating/ tracking nifty 50 Value 20 index

AUM: `25.39 crs Equity & Equity related Power Grid Corporation
Benchmark: Nifty Value 20 Infosys Ltd. Software 15.13 Of India Ltd. Power 2.73
Tata Consultancy Services Ltd. Software 13.86 National Thermal Power
Index TRI
Hindustan Unilever Ltd. Consumer Non Durables 9.73 Corporation Limited Power 2.62
Allotment date: December 2, 2015
Larsen And Toubro Ltd. Construction Project 9.03 Bajaj Auto Ltd. Auto 2.33
Folio count: 5,921 ITC Ltd. Consumer Non Durables 8.36 UPL Ltd Pesticides 2.08
HCL Technologies Ltd. Software 5.20 Oil & Natural Gas
The investment objective of the scheme is Wipro Ltd. Software 4.06 Corporation Ltd. Oil 1.96
to provide returns before expenses that Sun Pharmaceuticals Hero MotoCorp Ltd. Auto 1.68
closely correspond to the total returns of Industries Ltd. Pharmaceuticals 3.90 Coal India Ltd. Minerals/Mining 1.40
stocks as represented by the Nifty 50 Value Tech Mahindra Ltd. Software 3.50 Equity & Equity
20 Index, subject to tracking errors.
JSW Steel Ltd. Ferrous Metals 3.33 Related - Total 99.47
Available Plan Hindalco Industries Ltd Non - Ferrous Metals 3.03 Net Current Assets/
Regular Plan
Grasim Industries Ltd. Cement & Cement Products 2.77 (Liabilities) 0.53
Ratios IndusInd Bank Ltd. Banks 2.77 Grand Total 100.00
5.35 3.9 3.03 2.77
Minimum Investment Amount 41.75 18.09 9.03 4.01 3.33 2.77 5.97
Ideal Investment Horizon: 5 years and
above Software Consumer Non Durables Power Auto Pharmaceuticals Ferrous Metals
Load Structure Non - Ferrous Metals Cement & Cement Products Banks REST
Regular: 0.14%
Product Label
Mod
e erate
erat High ly
Mod
er to
e
at
H
M Low
ig
h
od
Very
Low
High
Low High

Kotak NV20 ETF IDCW NAV as on July 31, 2021: `88.1292

7
57
KOTAK IT ETF FUND
An open ended scheme replicating/ tracking NIFTY IT Index

Assets Assets
AAUM: `94.60 crs
Equity & Equity related MindTree Ltd. 5.03
AUM: `124.22 crs
Software 99.67 Coforge Limited 2.94
Benchmark: NIFTY IT Index TRI Infosys Ltd. 25.88 Oracle Financial Services
Allotment date: March 2, 2021 Tata Consultancy Software Ltd 2.74
Folio count: 1,615 Services Ltd. 23.70 Equity & Equity
Tech Mahindra Ltd. 9.58 Related - Total 99.67
The investment objective of the scheme is Wipro Ltd. 9.26 Net Current Assets/
to replicate the composition of the NIFTY IT HCL Technologies Ltd. 8.88 (Liabilities) 0.33
Index and to generate returns that are Mphasis Ltd 5.85 Grand Total 100.00
commensurate with the performance of
the NIFTY IT Index, subject to tracking Larsen & Toubro Infotech Ltd 5.81
errors.
However, there is no assurance or SECTOR ALLOCATION (%)
Available Plan 99.67 0.33
Regular Plan
Ratios
Software Net Current Assets

`1 thereafter.
Load Structure
Regular: 0.22%
Product Label
Mod
e erate
erat High ly
Mod
er to
e
at
H
M Low
ig
h
od
Very
Low
High
Low High

Kotak IT ETF IDCW NAV as on July 31, 2021: `30.6988

7
58
KOTAK NIFTY NEXT 50 INDEX FUND
An open ended scheme replicating/tracking the NIFTY Next 50 Index

AUM: `71.10 crs Equity & Equity related ACC Ltd. 1.79
Benchmark: Nifty Next 50 Consumer Non Durables 16.13 Power 4.28
Godrej Consumer Adani Green Energy Ltd. 2.62
Index TRI
Products Ltd. 3.31 Adani Transmission Ltd 1.66
Allotment date: March 10, 2021 Dabur India Ltd. 3.10 Banks 3.88
Folio count: 7,918 Marico Ltd. 2.50 Bandhan Bank Ltd. 1.74
Colgate Palmolive (India) Ltd. 2.01 Yes Bank Ltd 1.10
Investment Objective Berger Paints (I) Ltd. 1.81
The investment objective of the scheme is Punjab National Bank 1.04
to replicate the composition of the Nifty United Spirits Ltd. 1.69 Healthcare Services 3.60
Next 50 and to generate returns that are United Breweries Ltd. 0.90 Apollo Hospitals
commensurate with the performance of Procter & Gamble Hygiene Enterprises Ltd. 3.60
the NIFTY Next 50 Index, subject to tracking and Health Care Ltd. 0.81
errors. Non - Ferrous Metals 3.38
Pharmaceuticals 12.20
However, there is no assurance that the Vedanta Ltd. 3.38
Lupin Ltd. 2.36
objective of the scheme will be realized. Chemicals 3.08
Aurobindo Pharma Ltd. 2.28
Available Plans/Options Pidilite Industries Ltd. 3.08
Biocon Ltd. 1.56
A) Regular Plan B) Direct Plan Auto Ancillaries 2.60
Alkem Laboratories Ltd. 1.35
Options: Payout of IDCW, Reinvestment of Cadila Healthcare Ltd 1.33 MRF Limited 1.47
IDCW & Growth (applicable for all plans) Torrent Pharmaceuticals Ltd. 1.33 Bosch Ltd. 1.13
Ratios Gland Pharma Limited 1.31 Consumer Durables 2.60
Abbott India Ltd. 0.68 Havells India Ltd. 2.60
Portfolio Turnover: 50.63% Retailing 7.10 Leisure Services 2.56
Info Edge (India) Ltd. 3.57 Jubilant Foodworks Limited 2.56
Minimum Investment Amount Avenue Supermarts Ltd. 3.53 Software 1.88
Initial Investment: `5000 and in multiple of Larsen & Toubro Infotech Ltd 1.88
Finance 6.93
Additional Investment: `1000 & in Piramal Enterprises Limited 2.50 Construction 1.85
multiples of `1for purchases and `0.01 for SBI Cards & Payment DLF Ltd. 1.85
switches Services Pvt. Ltd. 1.58 Telecom - Services 1.59
Ideal Investments Horizon: 5 years & above Muthoot Finance Ltd 1.49 Indus Towers Ltd. 1.59
Load Structure Bajaj Holdings and Industrial Capital Goods 1.54
Entry Load: Nil. (applicable for all plans) Investment Ltd. 1.36 Siemens Ltd. 1.54
Exit Load: Nil (applicable for all plans) Gas 5.37 Petroleum Products 1.48
Total Expense Ratio** GAIL (India) Ltd. 2.19 Hindustan Petroleum
Regular: 0.83%; Direct: 0.29% Indraprastha Gas Ltd. 1.73 Corporation Ltd 1.48
Petronet LNG Ltd. 1.45 Capital Markets 1.40
Minerals/Mining 5.29 HDFC Asset Management
Adani Enterprises Ltd. 3.46
Company Ltd. 1.40
NMDC Ltd. 1.83
Transportation 1.40
Insurance 5.02
Inter Globe Aviation Ltd 1.40
ICICI Lombard General
Equity & Equity
Insurance Company Ltd 2.85
ICICI Prudential Life
Insurance Company Ltd 2.17 Net Current Assets/
Cement & Cement Products 4.46 (Liabilities) 0.38
Ambuja Cements Ltd. 2.67 Grand Total 100.00
6.93 5.29 4.46 3.88

16.13 12.2 7.1 5.37 5.02 4.28 29.34
Product Label
Consumer Non Durables Pharmaceuticals Retailing Finance Gas Minerals/Mining
Insurance Cement & Cement Products Power Banks REST

Mod
e erate
erat High ly
Mod
er to
e
at
H
M Low
ig
h
od
Very
Low
High
Low High

• Returns that are commensurate with the performance
of NIFTY Next 50 Index, subject to tracking error.
Kotak Nifty Next 50 Index Fund NAV as on July 31, 2021: `11.1498 (Reg-Plan-IDCW), `11.1738 (Dir-Plan-IDCW), `11.1499 (Growth Option), `11.1738 (Direct Growth Option)
7
59
KOTAK NIFTY 50 INDEX FUND
An open ended scheme replicating/tracking the NIFTY 50 Index
Fund Manager: Mr. Devender Singhal PORTFOLIO

Mr. Satish Dondapati Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net
Mr. Abhishek Bisen* Assets Assets
AAUM: `84.43 crs
Equity & Equity related Cipla Ltd. 0.68
AUM: `78.64 crs Construction Project 2.83
Banks 25.50
Benchmark: Nifty 50 Index TRI HDFC Bank Ltd. 9.09 Larsen And Toubro Ltd. 2.83
(Total Return Index) ICICI Bank Ltd. 6.90 Insurance 2.77
Allotment date: June 21, 2021 Kotak Mahindra Bank Ltd. 3.55 Bajaj Finserv Ltd. 1.26
Folio count: 48,683 Axis Bank Ltd. 2.67 HDFC Life Insurance
Investment Objective State Bank Of India 2.42 Company Ltd. 0.80
The investment objective of the scheme is IndusInd Bank Ltd. 0.87 SBI Life Insurance
to replicate the composition of the Nifty 50 Software 17.51 Company Ltd 0.71
a n d t o g e n e r a t e re t u r n s t h a t a re
Infosys Ltd. 8.72 Cement & Cement Products 2.69
commensurate with the performance of
the NIFTY 50 Index, subject to tracking Tata Consultancy Ultratech Cement Ltd. 1.28
errors. Services Ltd. 4.79 Grasim Industries Ltd. 0.86
However, there is no assurance that the HCL Technologies Ltd. 1.63 Shree Cement Ltd. 0.55
objective of the scheme will be realised.
Wipro Ltd. 1.27 Ferrous Metals 2.68
Available Plans/Options Tata Steel Ltd. 1.64
Tech Mahindra Ltd. 1.10
Petroleum Products 10.60 JSW Steel Ltd. 1.04
Options: Payout of IDCW, Reinvestment of Telecom - Services 1.94
Reliance Industries Ltd. 9.61
Bharat Petroleum Bharti Airtel Ltd 1.94
Ratios
Corporation Ltd. 0.61 Power 1.67
Indian Oil Corporation Ltd 0.38 Power Grid Corporation
Consumer Non Durables 9.78 Of India Ltd. 0.85
Minimum Investment Amount Hindustan Unilever Ltd. 3.04 National Thermal Power
Initial Purchase: `100 and in multiple of `1 ITC Ltd. 2.62 Corporation Limited 0.82
for purchase and of `0.01 for switches Asian Paints Ltd. 1.95 Consumer Durables 1.05
Nestle India Ltd. 0.92 Titan Company Ltd. 1.05
of `1for purchases and `0.01 for switches
Ideal Investments Horizon: 5 years & above Tata Consumer Products Ltd 0.66 Non - Ferrous Metals 0.95
Britannia Industries Ltd. 0.59 Hindalco Industries Ltd 0.95
Load Structure
Entry Load: Nil. (applicable for all plans) Finance 8.85 Transportation 0.72
Exit Load: Nil (applicable for all plans) HDFC Ltd. 6.43 Adani Port and Special
Total Expense Ratio** Bajaj Finance Ltd. 2.42 Economic Zone Ltd. 0.72
Regular: 0.51%; Direct: 0.18% Auto 4.93 Pesticides 0.65
Maruti Suzuki India Limited 1.35 UPL Ltd 0.65
Mahindra & Mahindra Ltd. 1.04 Oil 0.61
Tata Motors Ltd. 0.77 Oil & Natural Gas
Bajaj Auto Ltd. 0.73 Corporation Ltd. 0.61
Eicher Motors Ltd. 0.52 Minerals/Mining 0.44
Hero MotoCorp Ltd. 0.52 Coal India Ltd. 0.44
Pharmaceuticals 3.65 Equity & Equity
Sun Pharmaceuticals Related - Total 99.82
Industries Ltd. 1.22 Net Current Assets/
Divi s Laboratories Ltd. 0.91 (Liabilities) 0.18
Dr Reddys Laboratories Ltd. 0.84 Grand Total 100.00
9.78 4.93 2.83 2.69

25.5 17.51 10.6 8.85 3.65 2.77 10.89
Product Label
Banks Software Petroleum Products Consumer Non Durables Finance Auto
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• Returns that are commensurate with the performance
of NIFTY 50 Index, subject to tracking error.
Kotak Nifty 50 Index Fund NAV as on July 31, 2021: `10.0210 (Reg-Plan-IDCW), `10.0240 (Dir-Plan-IDCW), `10.0200 (Growth Option), `10.0240 (Direct Growth Option)
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Scheme Performances as on July 31, 2021
Kotak Flexicap Fund - Growth (Erstwhile Known As Kotak Standard Multicap Fund)
Kotak Flexicap Fund - Growth Kotak Flexicap Fund - Growth
(Erstwhile Known As Kotak Nifty 200 TRI# ALPHA Nifty 50 TRI## (Erstwhile Known As Kotak Nifty 200 TRI# Nifty 50 TRI##
Standard Multicap Fund) Standard Multicap Fund)
Since Inception 14.43% 12.13% 2.30% 11.80% 49,667 39,015 37,682
Last 1 Year 46.00% 48.73% -2.73% 44.30% 14,585 14,857 14,416
Last 3 Years 12.58% 12.93% -0.35% 12.90% 14,268 14,404 14,391
Last 5 Years 14.04% 14.25% -0.21% 14.18% 19,301 19,481 19,419
Scheme Inception date is 11/09/2009. Mr. Harsha Upadhyaya has been managing the fund since 04/08/2012.
Different plans have different expense structure. The performance details provided herein are of regular plan
Past performance may or may not be sustained in future. All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR
(Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA
MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark.
TRI - Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of
Price Return Variant (PRI). Alpha is difference of scheme return with benchmark return.
Kotak Emerging Equity Fund - Growth

Kotak Emerging Equity Nifty Midcap Kotak Emerging Equity Nifty Midcap
ALPHA Nifty 50 TRI## Nifty 50 TRI##
Fund - Growth 100 TRI# Fund - Growth 100 TRI#
Since Inception 14.26% 14.35% -0.09% 11.71% 67,665 68,465 48,968
Last 1 Year 80.53% 81.54% -1.02% 44.30% 18,023 18,124 14,416
Last 3 Years 19.81% 14.84% 4.97% 12.90% 17,198 15,147 14,391
Last 5 Years 17.40% 14.66% 2.75% 14.18% 22,324 19,829 19,419
Scheme Inception date is 30/03/2007. Mr. Pankaj Tibrewal has been managing the fund since 27/05/2010.
Kotak Equity Opportunities Fund - Growth

Kotak Equity Opportunities Kotak Equity Opportunities
Fund - Growth Nifty 200 TRI# ALPHA Nifty 50 TRI## Nifty 200 TRI# Nifty 50 TRI##
Fund - Growth
Since Inception 18.81% 15.69% 3.12% 15.74% 1,84,114 1,17,434 1,18,242
Last 1 Year 52.83% 48.73% 4.10% 44.30% 15,266 14,857 14,416
Last 3 Years 15.97% 12.93% 3.04% 12.90% 15,599 14,404 14,391
Last 5 Years 15.20% 14.25% 0.95% 14.18% 20,307 19,481 19,419
Kotak Bluechip Fund - Growth

Kotak Bluechip Fund Nifty 50 TRI# ALPHA S&P BSE SENSEX TRI## Kotak Bluechip Fund Nifty 50 TRI# S&P BSE SENSEX TRI##
- Growth - Growth
Since Inception 19.91% 17.35% 2.56% 17.43% 2,87,335 1,92,903 1,95,114
Last 1 Year 47.42% 44.30% 3.12% 41.55% 14,726 14,416 14,141
Last 3 Years 13.81% 12.90% 0.91% 13.14% 14,740 14,391 14,484
Last 5 Years 13.19% 14.18% -0.99% 14.73% 18,590 19,419 19,896
Since inception date of Kotak Bluechip Fund - Reg Growth is 04/02/2003. Mr. Harish Krishnan has been managing the fund since 01/01/2014
Price Return Variant (PRI).
As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007
and TRI Values since 31st May 2007.
Since Inception date of Kotak Bluechip Fund- Dividend plan is 29/12/1998. Alpha is difference of scheme return with benchmark return.
Kotak Small Cap Fund - Growth

Kotak Small Cap Fund - Nifty Small Kotak Small Cap Fund - Nifty Small
Growth Cap 100 TRI# Growth Cap 100 TRI#
Since Inception 17.88% 14.26% 3.63% 14.63% 1,49,412 89,410 94,292
Last 1 Year 119.83% 112.32% 7.51% 44.30% 21,936 21,189 14,416
Last 3 Years 26.00% 13.26% 12.74% 12.90% 20,004 14,529 14,391
Last 5 Years 19.81% 12.66% 7.16% 14.18% 24,716 18,157 19,419
Scheme Inception date is 24/02/2005. Mr. Pankaj Tibrewal has been managing the fund since 21/01/2010.
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Kotak Tax Saver Fund - Growth
Kotak Tax Saver Kotak Tax Saver
Nifty 500 TRI# ALPHA Nifty 50 TRI## Nifty 500 TRI# Nifty 50 TRI##
Fund - Growth Fund - Growth
Since Inception 12.84% 13.52% -0.68% 13.54% 66,590 73,198 73,320
Last 1 Year 54.88% 53.07% 1.81% 44.30% 15,469 15,289 14,416
Last 3 Years 16.01% 13.56% 2.45% 12.90% 15,611 14,643 14,391
Last 5 Years 14.90% 14.58% 0.31% 14.18% 20,038 19,767 19,419
Kotak India EQ Contra Fund - Growth

Kotak India EQ Contra Kotak India EQ Contra
Since Inception 13.63% 14.37% -0.73% 14.12% 77,476 85,892 82,946
Last 1 Year 52.04% 44.76% 7.28% 44.30% 15,187 14,461 14,416
Last 3 Years 13.95% 12.61% 1.33% 12.90% 14,794 14,281 14,391
Last 5 Years 15.67% 14.06% 1.61% 14.18% 20,721 19,316 19,419
Scheme Inception date is 27/07/2005. Ms. Shibani Kurian has been managing the fund since 09/05/2019.
Kotak Infrastructure and Economic Reform Fund - Growth

Kotak Infrastructure and India Infrastructure Index Kotak Infrastructure and India Infrastructure Index
Economic Reform Fund - Growth (Customised Index by IISL)# Economic Reform Fund - Growth (Customised Index by IISL)#
Since Inception 8.37% 1.90% 6.47% 9.92% 29,433 12,877 35,636
Last 1 Year 75.94% 53.69% 22.25% 44.30% 17,567 15,351 14,416
Last 3 Years 13.08% 7.55% 5.53% 12.90% 14,460 12,441 14,391
Last 5 Years 11.76% 6.61% 5.16% 14.18% 17,448 13,774 19,419
Scheme Inception date is 25/02/2008. Mr. Harish Krishnan has been managing the fund since 01/02/2015.
Kotak India Growth Fund - Series 4 - Growth

Kotak India Growth Fund Nifty 200 TRI# ALPHA Kotak India Growth Fund Nifty 200 TRI#
Nifty 50 TRI## Nifty 50 TRI##
- Series 4 - Growth - Series 4 - Growth
Since Inception 16.80% 13.70% 3.10% 14.46% 17,064 15,555 15,917
Last 1 Year 65.48% 48.73% 16.75% 44.30% 16,525 14,857 14,416
Last 3 Years 20.89% 12.93% 7.96% 12.90% 17,668 14,404 14,391
Scheme Inception date is 20/02/2018. Mr. Devender Singhal has been managing the fund since 09/05/2019.
Kotak India Growth Fund - Series 7 - Growth

Kotak India Growth Fund Nifty 50 TRI# Kotak India Growth Fund Nifty 50 TRI#
- Series 7 - Growth - Series 7 - Growth
Since Inception 12.36% 12.16% 0.21% 11.97% 14,047 13,971 13,903
Last 1 Year 31.00% 44.30% -13.31% 48.73% 13,090 14,416 14,857
Scheme Inception date is 31/08/2018. Ms. Shibani Kurian has been managing the fund since 09/05/2019.
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Kotak Equity Hybrid Fund - Growth
Kotak Equity Hybrid NIFTY 50 Hybrid Composite Kotak Equity Hybrid NIFTY 50 Hybrid Composite
Fund - Growth Debt 65:35 Index# Fund - Growth Debt 65:35 Index#
Since Inception 11.54% 10.81% 0.74% 11.29% 20,874 19,963 20,553
Last 1 Year 49.17% 29.47% 19.70% 44.30% 14,901 12,938 14,416
Last 3 Years 14.65% 12.64% 2.02% 12.90% 15,071 14,290 14,391
Last 5 Years 12.63% 12.55% 0.08% 14.18% 18,133 18,068 19,419
Scheme Inception date is 25/11/1999 and Kotak Equity Hybrid Fund - Regular plan scheme inception date is 3rd November 2014. Mr. Abhishek Bisen has been managing the fund since
15/04/2008. Mr. Pankaj Tibrewal has been managing the fund since 25/08/2015.
TRI - Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price
Return Variant (PRI).
The debt component of the index is TRI since inception. For equity component of the index, as TRI data is not available since inception of the scheme, benchmark performance is calculatedusing
composite CAGR of S&P BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006. Alpha is difference of scheme return with benchmark return.
Kotak Equity Arbitrage Fund - Growth

Kotak Equity Arbitrage Nifty 50 Arbitrage CRISIL 1 Year Kotak Equity Arbitrage Nifty 50 Arbitrage CRISIL 1 Year
ALPHA
Fund - Growth Index# Tbill ## Fund - Growth Index# Tbill ##
Since Inception 7.07% NA NA 6.22% 29,517 NA 26,025
Last 1 Year 4.15% 4.28% -0.13% 3.78% 10,414 10,426 10,377
Last 3 Years 5.20% 4.72% 0.48% 6.41% 11,642 11,484 12,048
Last 5 Years 5.59% 4.73% 0.86% 6.27% 13,128 12,602 13,555
Scheme Inception date is 29/09/2005. Mr. Hiten Shah has been managing the fund since 03/10/2019.
Kotak Balanced Advantage Fund - Growth

Kotak Balanced NIFTY 50 Hybrid Kotak Balanced NIFTY 50 Hybrid
Advantage Fund - Growth Composite Debt 50:50 Index# Advantage Fund - Growth Composite Debt 50:50 Index#
Since Inception 11.54% 12.25% -0.71% 12.92% 13,864 14,129 14,384
Last 1 Year 21.78% 23.46% -1.69% 44.30% 12,171 12,339 14,416
Scheme Inception date is 03/08/2018. Mr. Harish Krishnan and Mr. Abhishek Bisen have been managing the fund since 03/08/2018. Mr. Hiten Shah has been managing the fund since 03/10/2019.
(Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI
Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. Alpha is difference of scheme return with benchmark return.
Kotak Equity Savings Fund - Growth

Kotak Equity Savings 75% NIFTY 50 ARBITRAGE CRISIL 10 Year Kotak Equity Savings 75% NIFTY 50 ARBITRAGE CRISIL 10 Year
ALPHA
Fund - Growth + 25% Nifty 50 TRI# Gilt ## Fund - Growth + 25% Nifty 50 TRI# Gilt ##
Since Inception 8.51% 7.36% 1.15% 7.87% 17,422 16,205 16,743
Last 1 Year 15.54% 13.39% 2.15% 2.23% 11,550 11,335 10,223
Last 3 Years 7.98% 7.20% 0.78% 8.71% 12,589 12,319 12,847
Last 5 Years 8.53% 7.36% 1.18% 6.50% 15,066 14,265 13,708
Scheme Inception date is 13/10/2014. Mr. Devender Singhal has been managing the fund since 01/04/2021. Mr. Abhishek Bisen has been managing the fund since 17/09/2014. Mr. Hiten Shah
has been managing the fund since 03/10/2019.
(Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI
Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark.
TRI - Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price
Return Variant (PRI). Alpha is difference of scheme return with benchmark return.
Kotak Focused Equity Fund - Growth

Kotak Focused Kotak Focused
Equity Fund - Growth Equity Fund - Growth
Since Inception 22.03% 18.99% 3.04% 17.35% 15,013 14,260 13,861
Last 1 Year 48.67% 48.73% -0.06% 44.30% 14,851 14,857 14,416
Scheme Inception date is 16/07/2019. Mr. Harish Krishnan & Ms. Shibani Kurian has been managing the fund since 16/07/2019.
Kotak Liquid Fund - Growth

Kotak Liquid Fund NIFTY Liquid Index# ALPHA CRISIL 1 Year TBill## Kotak Liquid Fund NIFTY Liquid Index# CRISIL 1
- Growth - Growth Year TBill##
Since Inception 7.06% 7.09% -0.03% 6.01% 33,535 33,713 28,197
Last 1 Year 3.16% 3.45% -0.28% 3.78% 10,316 10,344 10,377
Last 3 Years 5.18% 5.29% -0.11% 6.41% 11,635 11,673 12,048
Last 5 Years 5.86% 5.87% -0.01% 6.27% 13,293 13,298 13,550
Scheme Inception date is 04/11/2003. Mr. Deepak Agrawal has been managing the fund since 01/05/2007.
The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark. Alpha is difference of scheme return with benchmark return.
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Kotak Money Market Fund - Growth
Kotak Money Market NIFTY Money CRISIL 1 Year Kotak Money Market NIFTY Money CRISIL 1 Year
ALPHA Market Index#
Fund - Growth Market Index# TBill## Fund - Growth TBill##
Since Inception 7.20% 7.34% -0.14% 6.00% 35,100 35,926 28,650
Last 1 Year 3.86% 3.74% 0.13% 3.78% 10,385 10,372 10,377
Last 3 Years 6.43% 5.90% 0.53% 6.41% 12,054 11,876 12,048
Last 5 Years 6.62% 6.29% 0.33% 6.27% 13,785 13,572 13,555
Kotak Savings Fund - Growth

Kotak Savings Fund - NIFTY Ultra Short CRISIL 1 Year Kotak Savings Fund - NIFTY Ultra Short CRISIL 1 Year
ALPHA
Growth Duration Debt Index# TBill## Growth Duration Debt Index# TBill##
Since Inception 7.50% 7.87% -0.37% 6.11% 34,114 36,188 27,341
Last 1 Year 3.58% 4.01% -0.43% 3.78% 10,357 10,400 10,377
Last 3 Years 6.28% 6.41% -0.13% 6.41% 12,004 12,049 12,048
Last 5 Years 6.56% 6.74% -0.17% 6.27% 13,747 13,858 13,555
Kotak Banking and PSU Debt Fund - Growth

Kotak Banking and PSU Debt CRISIL Banking and CRISIL 10 Year Kotak Banking and PSU Debt CRISIL Banking and CRISIL 10 Year
PSU Debt Index#
ALPHA Gilt ## PSU Debt Index# Gilt ##
Since Inception 7.51% NA NA NA 51,343 NA NA
Last 1 Year 4.62% 4.76% -0.14% 2.23% 10,460 10,475 10,223
Last 3 Years 8.95% 8.76% 0.18% 8.71% 12,931 12,866 12,847
Last 5 Years 8.04% 8.08% -0.05% 6.50% 14,724 14,756 13,708
Kotak Low Duration Fund - Growth

Kotak Low Duration Fund - NIFTY Low Duration CRISIL 1 Year Kotak Low Duration Fund - NIFTY Low Duration CRISIL 1 Year
ALPHA
Growth Debt Index# TBill## Growth Debt Index# TBill##
Since Inception 7.59% 8.15% -0.56% 6.41% 26,676 28,604 22,997

Last 1 Year 4.51% 4.51% 0.00% 3.78% 10,450 10,450 10,377
Last 3 Years 7.16% 6.85% 0.31% 6.41% 12,305 12,200 12,048
Last 5 Years 7.27% 6.91% 0.36% 6.27% 14,208 13,972 13,555
Kotak Bond Short Term Fund - Growth

Kotak Bond Short Term Fund - NIFTY Short Duration CRISIL 10 Year Kotak Bond Short Term Fund - NIFTY Short Duration CRISIL 10 Year
ALPHA
Growth Debt Index# Gilt ## Growth Debt Index# Gilt ##
Since Inception 7.68% 7.91% -0.23% 6.67% 41,585 43,339 34,681
Last 1 Year 4.30% 5.76% -1.45% 2.23% 10,429 10,574 10,223
Last 3 Years 8.13% 8.47% -0.34% 8.71% 12,642 12,761 12,847
Last 5 Years 7.32% 7.72% -0.40% 6.50% 14,243 14,513 13,708
Kotak Dynamic Bond Fund - Growth

Kotak Dynamic Bond NIFTY Composite CRISIL 10 Year Kotak Dynamic Bond NIFTY Composite CRISIL 10 Year
ALPHA
Fund - Growth Debt Index# Gilt ## Fund - Growth Debt Index# Gilt ##
Since Inception 8.55% 8.46% 0.09% 6.86% 29,491 29,164 24,000
Last 1 Year 4.07% 4.90% -0.83% 2.23% 10,406 10,488 10,223
Last 3 Years 9.43% 9.85% -0.42% 8.71% 13,103 13,255 12,847
Last 5 Years 8.31% 7.99% 0.32% 6.50% 14,914 14,692 13,708
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Kotak Credit Risk Fund - Growth
Kotak Credit Risk Fund - Nifty Credit Risk CRISIL 10 Year Kotak Credit Risk Fund - Nifty Credit Risk CRISIL 10 Year
ALPHA
Growth Bond Index# Gilt ## Growth Bond Index# Gilt ##
Since Inception 8.07% 9.37% -1.29% 6.79% 23,906 27,326 20,898
Last 1 Year 6.62% 10.12% -3.50% 2.23% 10,660 11,009 10,223
Last 3 Years 7.20% 9.63% -2.42% 8.71% 12,321 13,175 12,847
Last 5 Years 7.18% 8.85% -1.67% 6.50% 14,148 15,288 13,708
Kotak Corporate Bond Fund - Growth

Kotak Corporate Bond CRISIL Corporate CRISIL 10 Year Kotak Corporate Bond CRISIL Corporate CRISIL 10 Year
ALPHA
Fund - Growth Bond Composite Index# Gilt ## Fund - Growth Bond Composite Index# Gilt ##
Since Inception 8.13% 9.39% -1.27% 6.82% 29,548 34,726 24,954
Last 1 Year 4.99% 5.90% -0.91% 2.23% 10,497 10,588 10,223
Last 3 Years 8.18% 9.42% -1.23% 8.71% 12,662 13,100 12,847
Last 5 Years 7.88% 8.36% -0.48% 6.50% 14,617 14,944 13,708
Kotak Medium Term Fund - Growth

Kotak Medium Term Fund NIFTY Medium Duration CRISIL 10 Year Kotak Medium Term Fund NIFTY Medium Duration CRISIL 10 Year
ALPHA
- Growth Debt Index# Gilt## - Growth Debt Index# Gilt##
Since Inception 8.14% 9.00% -0.85% 8.10% 17,796 18,857 17,746
Last 1 Year 6.84% 5.89% 0.95% 2.23% 10,682 10,588 10,223
Last 3 Years 6.87% 9.76% -2.89% 8.71% 12,205 13,222 12,847
Last 5 Years 6.89% 8.20% -1.31% 6.50% 13,959 14,834 13,708
Kotak Bond Fund - Growth

Kotak Bond Fund NIFTY Medium to Long CRISIL 10 Year Kotak Bond Fund NIFTY Medium to Long CRISIL 10 Year
- Growth Duration Debt Index# ALPHA Gilt## - Growth Duration Debt Index# Gilt##
Last 1 Year 3.01% 4.60% -1.59% 2.23% 10,300 10,459 10,223
Last 3 Years 8.72% 9.88% -1.16% 8.71% 12,850 13,267 12,847
Last 5 Years 6.58% 7.91% -1.32% 6.50% 13,760 14,636 13,708
Scheme Inception date is 25/11/1999. Mr. Abhishek Bisen has been managing the fund since 01/04/2008.
Kotak ESG Opportunities Fund - Growth

Kotak ESG Nifty 100 Nifty 50 TRI ## Kotak ESG Nifty 100 Nifty 50 TRI ##
Opportunities Fund - ESG Index TRI # ALPHA Opportunities Fund - ESG Index TRI #
Growth Growth
Since Inception 26.94% 36.29% -9.35% 27.94% 11,630 12,164 11,688
Last 6 Months 36.47% 38.94% -2.47% 33.26% 11,677 11,782 11,539
Different plans have different expense structure. The performance details provided herein are of regular plan.
Past performance may or may not be sustained in future. All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Simple annualized returns
have been provided as per the extant guidelines since the scheme has completed 6 months but not 1 year. N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows
the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark.
Kotak Floating Rate Fund - Growth

Kotak Floating Rate NIFTY Ultra Short CRISIL 10 Year Kotak Floating Rate NIFTY Ultra Short CRISIL 10 Year
ALPHA
Fund - Growth Duration Debt Index Gilt ## Fund - Growth Duration Debt Index Gilt ##
Since Inception 7.88% 5.72% 2.16% 8.38% 11,828 11,310 11,950
Last 1 Year 5.66% 4.01% 1.65% 2.23% 10,564 10,400 10,223
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Kotak Gilt Fund - Growth
Kotak Gilt Fund NIFTY All Duration CRISIL 10 Year Kotak Gilt Fund NIFTY All Duration CRISIL 10 Year
- Growth G-Sec Index# ALPHA Gilt## - Growth G-Sec Index# Gilt##
Last 1 Year 3.06% 2.84% 0.21% 2.23% 10,305 10,284 10,223
Last 3 Years 9.46% 10.03% -0.58% 8.71% 13,115 13,323 12,847
Last 5 Years 7.36% 7.58% -0.22% 6.50% 14,270 14,419 13,708
Kotak Gilt Fund - PF and Trust - Growth

Kotak Gilt Fund - PF and NIFTY All Duration CRISIL 10 Year Kotak Gilt Fund - PF and NIFTY All Duration CRISIL 10 Year
Trust - Growth G-Sec Index# ALPHA Gilt## Trust - Growth G-Sec Index# Gilt##
Since Inception 7.54% 6.11% 1.43% 5.75% 36,302 28,629 26,954
Last 1 Year 3.06% 2.84% 0.21% 2.23% 10,305 10,284 10,223
Last 3 Years 9.46% 10.03% -0.58% 8.71% 13,115 13,323 12,847
Last 5 Years 7.36% 7.58% -0.22% 6.50% 14,270 14,419 13,708
Kotak Debt Hybrid Fund - Growth

Kotak Debt Hybrid CRISIL Hybrid 85 + CRISIL 10 Year Kotak Debt Hybrid CRISIL Hybrid 85 + CRISIL 10 Year
15 - Conservative Index# ALPHA Gilt## 15 - Conservative Index# Gilt##
Since Inception 8.29% 8.60% -0.31% 5.81% 40,829 42,965 27,143
Last 1 Year 19.05% 9.89% 9.16% 2.23% 11,900 10,987 10,223
Last 3 Years 10.96% 10.57% 0.39% 8.71% 13,662 13,519 12,847
Last 5 Years 9.23% 9.24% 0.00% 6.50% 15,558 15,561 13,708
Scheme Inception date is 02/12/2003. Mr. Abhishek Bisen has been managing the fund since 01/04/2008. Mr. Devender Singhal has been managing the fund since 25/08/2015.
The debt component of the index is TRI since inception. For equity component of the index, as TRI data is not available since inception of the scheme, benchmark performance is calculated
using composite CAGR of S&P BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006. Alpha is difference of scheme return with benchmark return.
Kotak Overnight Fund - Growth

Kotak Overnight NIFTY 1D Rate CRISIL 1 Year Kotak Overnight NIFTY 1D Rate CRISIL 1 Year
ALPHA
Fund - Growth Index # Tbill ## Fund - Growth Index # Tbill ##
Since Inception 4.09% 4.24% -0.15% 6.02% 11,072 11,112 11,601
Last 1 Year 2.99% 3.19% -0.20% 3.78% 10,298 10,318 10,377
Kotak Pioneer Fund - Growth

Kotak Pioneer Fund 85% IISL Kotak India Pioneering
Innovations + 15% MSCI ACWI ALPHA Nifty 50 TRI ## Kotak Pioneer Fund
85% IISL Kotak India Pioneering
Innovations + 15% MSCI ACWI Nifty 50 TRI ##
Growth Information Technology Index TRI # Growth Information Technology Index TRI #
Since Inception 35.93% 26.14% 9.78% 18.89% 17,101 15,008 13,532
Last 1 Year 63.49% 50.36% 13.13% 44.30% 16,327 15,019 14,416
Scheme Inception date is 31/10/2019. Mr. Harish Krishnan & Mr. Arjun Khanna has been managing the fund since 31/10/2019.
Kotak Asset Allocator Fund - Growth

Kotak Asset Allocator NIFTY 50 Hybrid Composite Kotak Asset Allocator NIFTY 50 Hybrid Composite
ALPHA Nifty 50 TRI ## Nifty 50 TRI ##
Fund - Growth Debt 50:50 Index# Fund - Growth Debt 50:50 Index#
Since Inception 16.19% 12.30% 3.89% 15.72% 1,27,821 71,733 1,19,302
Last 1 Year 38.23% 23.46% 14.77% 44.30% 13,811 12,339 14,416
Last 3 Years 18.32% 12.24% 6.08% 12.90% 16,565 14,141 14,391
Last 5 Years 14.21% 11.66% 2.55% 14.18% 19,446 17,366 19,419
Scheme Inception date is 09/08/2004. Mr. Devender Singhal & Mr. Arjun Khanna has been managing the fund since 09/05/2019.
The debt component of the index is TRI since inception. For equity component of the index, as TRI data is not available since inception of the scheme, benchmark performance is calculated
using composite CAGR of S&P BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006. Alpha is difference of scheme return with benchmark return.
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Kotak Global Emerging Market Fund - Growth
Kotak Global Emerging MSCI Emerging Market ALPHA Nifty 50 TRI## Kotak Global Emerging MSCI Emerging Market Nifty 50 TRI##
Market Fund - Growth index# Market Fund - Growth index#
Since Inception 6.02% 8.10% -2.07% 10.04% 22,488 29,398 37,616
Last 1 Year 22.07% 20.14% 1.93% 44.30% 12,201 12,008 14,416
Last 3 Years 10.41% 11.33% -0.93% 12.90% 13,458 13,800 14,391
Last 5 Years 10.91% 13.15% -2.24% 14.18% 16,790 18,560 19,419
Scheme Inception date is 26/09/2007. Mr. Arjun Khanna has been managing the fund since 09/05/2019.
Kotak Gold Fund - Growth

Kotak Gold Kotak Gold
Price of Gold# ALPHA CRISIL 10 Year Gilt## Price of Gold# CRISIL 10 Year Gilt##
Since Inception 6.84% 8.35% -1.51% 6.94% 19,850 22,953 20,029
Last 1 Year -10.61% -9.65% -0.97% 2.23% 8,941 9,038 10,223
Last 3 Years 16.87% 17.71% -0.83% 8.71% 15,963 16,308 12,847
Last 5 Years 8.38% 8.52% -0.14% 6.50% 14,962 15,059 13,708
Kotak Gold ETF

Kotak Gold ETF Price of Gold# ALPHA CRISIL 10 Year Gilt## Kotak Gold ETF Price of Gold# CRISIL 10 Year Gilt##
Since Inception 11.80% 12.91% -1.11% 6.82% 47,768 54,860 25,226
Last 1 Year -10.00% -9.65% -0.35% 2.23% 9,003 9,038 10,223
Last 3 Years 16.85% 17.71% -0.86% 8.71% 15,954 16,308 12,847
Last 5 Years 7.59% 8.52% -0.93% 6.50% 14,424 15,059 13,708
Scheme Inception date is 27/07/2007. Mr. Abhishek Bisen has been managing the fund since 15/04/2008 & Mr. Satish Dondapati has been managing the fund since 09/05/2019.
Kotak Nifty ETF

Kotak Nifty ETF Nifty 50 TRI# ALPHA S&P BSE SENSEX TRI## Kotak Nifty ETF Nifty 50 TRI# S&P BSE SENSEX TRI##
Since Inception 10.89% 12.21% -1.33% 12.38% 32,799 37,606 38,243

Last 1 Year 44.06% 44.30% -0.24% 41.55% 14,392 14,416 14,141
Last 3 Years 12.63% 12.90% -0.27% 13.14% 14,288 14,391 14,484
Last 5 Years 13.69% 14.18% -0.49% 14.73% 19,009 19,419 19,896
Scheme Inception date is 02/02/2010. Mr. Devender Singhal & Mr. Satish Dondapati has been managing the fund since 09/05/2019.
Kotak Sensex ETF

Kotak Sensex ETF S&P BSE SENSEX TRI# ALPHA Nifty 50 TRI## Kotak Sensex ETF S&P BSE SENSEX TRI# Nifty 50 TRI##
Since Inception 10.10% 11.23% -1.13% 11.11% 35,464 40,583 39,973
Last 1 Year 41.09% 41.55% -0.45% 44.30% 14,096 14,141 14,416
Last 3 Years 12.82% 13.14% -0.33% 12.90% 14,359 14,484 14,391
Last 5 Years 13.83% 14.73% -0.91% 14.18% 19,122 19,896 19,419
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Kotak Banking ETF
Kotak Banking ETF Nifty Bank Index TRI# ALPHA Nifty 50 TRI## Kotak Banking ETF Nifty Bank Index TRI# Nifty 50 TRI##
Since Inception 10.07% 10.51% -0.44% 11.42% 18,915 19,421 20,508
Last 1 Year 60.06% 60.54% -0.48% 44.30% 15,986 16,033 14,416
Last 3 Years 7.17% 7.91% -0.73% 12.90% 12,311 12,565 14,391
Last 5 Years 12.63% 13.18% -0.55% 14.18% 18,134 18,583 19,419
Kotak PSU Bank ETF

Kotak PSU Bank ETF Nifty PSU Bank TRI# ALPHA Nifty 50 TRI## Kotak PSU Bank ETF Nifty PSU Bank TRI# Nifty 50 TRI##
Since Inception -1.43% 0.04% -1.47% 8.98% 8,200 10,053 32,595

Last 1 Year 72.17% 73.75% -1.58% 44.30% 17,191 17,349 14,416
Last 3 Years -9.14% -8.40% -0.74% 12.90% 7,501 7,686 14,391
Last 5 Years -3.99% -2.95% -1.05% 14.18% 8,154 8,610 19,419
Kotak NV20 ETF

Nifty 50 Value Nifty 50 Value
Kotak NV20 ETF ALPHA Nifty 50 TRI## Kotak NV20 ETF Nifty 50 TRI##
20 TRI # 20 TRI #
Since Inception 18.31% 18.12% 0.19% 14.28% 25,920 25,686 21,304
Last 1 Year 52.02% 52.49% -0.47% 44.30% 15,185 15,231 14,416
Last 3 Years 17.62% 19.01% -1.39% 12.90% 16,274 16,857 14,391
Last 5 Years 18.44% 19.42% -0.99% 14.18% 23,324 24,315 19,419
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ABOUT OUR FUND MANAGERS
Name: Mr. Harsha Upadhyaya
Mr. Harsha Upadhyaya manages 4 funds of Kotak Mahindra Mutual Fund. Different plans shall have a different expense structure. The performance details provided herein are of regular plan.
Kotak Equity Opportunities Fund (Sep 9, ‘04), Kotak Flexicap Fund (Erstwhile Known As Kotak Standard Multicap Fund) (Sep 11, ‘09), Kotak Tax Saver Fund (Nov. 23,'05), Kotak ESG
Opportunities Fund (Dec. 11,'20).
Business Experience
Mr. Harsha has nearly two decades of rich experience spread over Equity Research and Fund Management. His prior stints have been with companies such as DSP BlackRock, UTI Asset
Management, Reliance Group and SG Asia Securities. Mr. Harsha is a Bachelor of Engineering (Mechanical) from National Institute of Technology, Suratkal, a Post Graduate in Management
(Finance) from Indian Institute of Management, Lucknow and Chartered Financial Analyst from the CFA Institute.
1 YEAR 3 YEAR 5 YEAR Since Inception
Scheme Names Scheme Benchmark Scheme Benchmark Scheme Benchmark Scheme Benchmark
Returns(%)^ Returns (%)^* Returns(%)^ Returns (%)^* Returns(%)^ Returns (%)^* Returns(%)^ Returns (%)^*
Kotak Tax Saver Fund - Growth 54.88 53.07 16.01 13.56 14.90 14.58 12.84 13.52
Kotak Equity Opportunities Fund - Growth 52.83 48.73 15.97 12.93 15.20 14.25 18.81 15.69
Kotak Flexicap Fund - Growth (Erstwhile 46.00 48.73 12.58 12.93 14.04 14.25 14.43 12.13
Known As Kotak Standard Multicap Fund)
Kotak ESG Opportunities Fund - Growth Kotak ESG Opportunities Fund has not yet completed 1 year from Inception, the performance of the scheme is not disclosed.
Kotak Tax Saver Fund - Growth, *Name of the Benchmark - Nifty 500 TRI, Scheme Inception date is 23/11/2005. Mr. Harsha Upadhyaya has been managing the fund since 25/08/2015.
Kotak Equity Opportunities Fund - Growth, *Name of the Benchmark - Nifty 200 TRI, Scheme Inception date is 09/09/2004. Mr. Harsha Upadhyaya has been managing the fund since 04/08/2012.
Kotak Flexi Cap Fund - Growth (Erstwhile Known As Kotak Standar d Multicap Fund), *Name of the Benchmark - Nifty 200 TRI, Scheme Inception date is 11/09/2009. Mr. Harsha Upadhyaya has been managing the fund since
04/08/2012.
Name: Mr. Harish Krishnan

Mr. Harish Krishnan manages 5 funds of Kotak Mahindra Mutual Fund. Different plans shall have a different expense structure. The performance details provided herein are of regular plan.
Kotak Bluechip Fund (Feb 04, ’03), Kotak Infrastructure & Economic Reform Fund (Feb 25, '08), Kotak Balanced Advantage Fund (Aug. 03,’18), Kotak Focused Equity fund (Jul 16, '19), Kotak Pioneer Fund (Oct
31, '19).
Business Experience
Mr. Harish has a decade of experience spread over Equity Research and Fund Management. Prior to joining Kotak Mahindra Mutual Fund, he was based out of Singapore and Dubai, managing Kotak's offshore
funds. Mr. Harish has also worked at Infosys Technologies Ltd in his earlier stint. He is a Bachelor of Technology (Electronics & Communications) from Government Engineering College, Trichur, a post Graduate
in Management from Indian Institute of Management, Kozhikode and a Chartered Financial Analyst from the CFA Institute.

Kotak Infrastructure and Economic 75.94 53.69 13.08 7.55 11.76 6.61 8.37 1.90
Reform Fund - Growth
Kotak Pioneer Fund - Growth 63.49 50.36 NA NA NA NA 35.93 26.14
Kotak Focused Equity Fund - Growth 48.67 48.73 NA NA NA NA 22.03 18.99
Kotak Bluechip Fund - Growth 47.42 44.30 13.81 12.90 13.19 14.18 19.91 17.35
Kotak Balanced Advantage Fund - Growth 21.78 23.46 NA NA NA NA 11.54 12.25

Kotak Infrastructure and Economic Reform Fund - Growth, *Name of the Benchmark - India Infrastructure Index (Customised Index by IISL), Scheme Inception date is 25/02/2008. Mr. Harish Krishnan has been managing the
fund since 31/01/2015.
Kotak Pioneer Fund - Growth, *Name of the Benchmark - 85% IISL Kotak India Pioneering Innovations + 15% MSCI ACWI Information Technology Index TRI, Scheme Inception date is 31/10/2019. Mr. Harish Krishnan & Mr.
Arjun Khanna has been managing the fund since 31/10/2019.
Kotak Focused Equity Fund - Growth, *Name of the Benchmark - Nifty 200 TRI, Scheme Inception date is 16/07/2019. Mr. Harish Krishnan & Ms. Shibani Kurian has been managing the fund since 16/07/2019.
Kotak Bluechip Fund - Growth, *Name of the Benchmark - Nifty 50 TRI, Since inception date of Kotak Bluechip Fund - Reg Growth is 04/02/2003. Mr. Harish Krishnan has been managing the fund since 15/11/2013.
Kotak Balanced Advantage Fund - Growth, *Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 50:50 Index . Scheme Inception date is 03/08/2018. Mr. Abhishek Bisen & Mr. Harish Krishnan has been managing the
fund since 03/08/2018. Mr. Hiten Shah has been managing the fund since 03/10/2019.
Name: Mr. Pankaj Tibrewal

Mr. Pankaj Tibrewal manages 3 funds of Kotak Mahindra Mutual Fund. Different plans shall have a different expense structure. The performance details provided herein are of regular plan.
Kotak Small Cap Fund (Feb. 24,‘05), Kotak Emerging Equity Fund (Mar 30,'07), Kotak Equity Hybrid Fund (Nov. 25,'99)
Business Experience
Mr. Pankaj is a graduate in Commerce from St. Xavier's College, Kolkata and holds a Master's degree in Finance from Manchester University. He has been associated with the mutual fund industry since 2003
where he has managed several debt and equity schemes. He has been a part of the organization since January 2010. Mr. Pankaj's earlier stint was with Principal Mutual Fund.
Kotak Small Cap Fund - Growth 119.83 112.32 26.00 13.26 19.81 12.66 17.88 14.26
Kotak Emerging Equity Fund - Growth 80.53 81.54 19.81 14.84 17.40 14.66 14.26 14.35
Kotak Equity Hybrid Fund - Growth 49.17 29.47 14.65 12.64 12.63 12.55 11.54 10.81
Kotak Smallcap Fund - Growth, *Name of the Benchmark - NIFTY Smallcap 100 TRI, Scheme Inception date is 24/02/2005. Mr. Pankaj Tibrewal has been managing the fund since 21/01/2010.
Kotak Emerging Equity Fund - Growth, *Name of the Benchmark - Nifty Midcap 100 TRI, Scheme Inception date is 30/03/2007. Mr. Pankaj Tibrewal has been managing the fund since 27/05/2010.
Kotak Equity Hybrid Fund - Growth, *Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 65:35 Index, Scheme Inception date is 25/11/1999 and Kotak Equity Hybrid Fund - Regular plan scheme inception date is 3rd
November 2014. Mr. Pankaj Tibrewal has been managing the fund since 25/08/2015. Mr. Abhishek Bisen has been managing the fund since 15/04/2008.
Name: Mr. Abhishek Bisen

Mr. Abhishek Bisen manages 9 funds of Kotak Mahindra Mutual Fund. Different plans shall have a different expense structure. The performance details provided herein are of regular plan.
Kotak Equity Hybrid Fund (Nov. 05, 2014), Kotak Debt Hybrid Fund (Dec. 02, ‘03), Kotak Bond Fund (Regular Plan) (Apr. 15, ’08), Kotak Gilt Fund (Regular & PF-Trust) (Dec. 29, ’98), Kotak Equity Savings Fund
(Oct. 13, '14), Kotak Gold ETF (Jul. 27, ’07), Kotak Gold Fund (Mar. 25, '11), Kotak Balanced Advantage Fund (Aug. 03' 18), Kotak NASDAQ 100 FOF (Feb. 02' 21)
Business Experience
Mr. Abhishek has been associated with the company since October 2006 and his key responsibilities include fund management of debt schemes. Prior to joining Kotak AMC, Abhishek was working with
Securities Trading Corporation Of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. He has been awarded twice as one of the Highly Commended
Investors in Indian Rupees Bonds from the Asset magazine Hong Kong. His educational background is B.A (Management) and MBA (Finance).

Scheme Names
Scheme Benchmark Scheme Benchmark Scheme Benchmark Scheme Benchmark
Kotak Equity Hybrid - Growth 49.17 29.47 14.65 12.64 12.63 12.55 11.54 10.81
Top 3 Kotak Balanced Advantage Fund - Growth 21.78 23.46 NA NA NA NA 11.54 12.25
Kotak Debt Hybrid Fund - Growth 19.05 9.89 10.96 10.57 9.23 9.24 8.29 8.60
Kotak Bond Fund - Growth 3.01 4.60 8.72 9.88 6.58 7.91 8.72 NA
Bottom 3 Kotak Gold ETF -10.00 -9.65 16.85 17.71 7.59 8.52 11.80 12.91
Kotak Gold Fund - Growth -10.61 -9.65 16.87 17.71 8.38 8.52 6.84 8.35
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Kotak Equity Hybrid Fund - Growth, *Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 65:35 Index, Scheme Inception date is 25/11/1999 and Kotak Equity Hybrid Fund - Regular plan scheme
inception date is 3rd November 2014. Mr. Pankaj Tibrewal has been managing the fund since 25/08/2015. Mr. Abhishek Bisen has been managing the fund since 15/04/2008.
Kotak Balanced Advantage Fund - Growth, *Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 50:50 Index . Scheme Inception date is 03/08/2018. Mr. Abhishek Bisen & Mr. Harish Krishnan has
been managing the fund since 03/08/2018. Mr. Hiten Shah has been managing the fund since 03/10/2019.
Kotak Debt Hybrid Fund - Growth, *Name of the Benchmark - CRISIL Hybrid 85+15 - Conservative Index, Scheme Inception date is 02/12/2003. Mr. Abhishek Bisen has been managing the fund since
01/04/2008. Mr. Devender Singhal has been managing the fund since 25/08/2015.
Kotak Bond Fund - Growth, *Name of the Benchmark - NIFTY Medium to Long Duration Debt Index, Scheme Inception date is 25/11/1999. Mr. Abhishek Bisen has been managing the fund since 01/04/2008.
Kotak Gold ETF, *Name of the Benchmark - Price of Gold, Scheme Inception date is 27/07/2007. Mr. Abhishek Bisen has been managing the fund since 15/04/2008. & Mr. Satish Dondapati has been managing
the fund since 09/05/2019.
Kotak Gold Fund - Growth, *Name of the Benchmark - Price of Gold, Scheme Inception date is 25/03/2011. Mr. Abhishek Bisen has been managing the fund since 04/03/2011.
Name: Mr. Deepak Agrawal

Mr. Deepak Agrawal manages 12 funds & All FMPs of Kotak Mahindra Mutual Fund. Different plans shall have a different expense structure. The performance details provided
herein are of regular plan.
(Kotak Bond Short Term Fund (May. 02, ’02), Kotak Dynamic Bond Fund (May. 26, ‘08), Kotak Money Market Fund (Nov. 25, ‘07), Kotak Liquid Fund (Nov. 04, ‘03), Kotak Banking
and PSU Debt Fund (Dec. 29, ’98), Kotak Savings Fund (Jul. 11, ’07), Kotak Credit Risk Fund (May 11, '10), Kotak Medium Term Fund (Mar. 21, ’14), Kotak Low Duration Fund (Jan.
31, ’15), Kotak Corporate Bond Fund (Sep. 21, ’07), Kotak Overnight Fund (Jan. 15, 19) All Fixed Maturity Plans in existence (Aug. 13,'15), Kotak Floating Fund (May. 14, 2019).
Business Experience
Mr. Deepak's career has started from Kotak AMC when he joined the organization in December 2002 where he was initially in Research, Dealing and then moved into Fund
Management from November 2006. Mr. Deepak is a Post Graduate in Commerce, Chartered Account and Company Secretary.

Scheme Names
Kotak Medium Term Fund - Growth 6.84 5.89 6.87 9.76 6.89 8.20 8.14 9.00
Top 3 Kotak Credit Risk Fund - Growth 6.62 10.12 7.20 9.63 7.18 8.85 8.07 9.37
Kotak Floating Rate Fund - Growth 5.66 4.01 NA NA NA NA 7.88 5.72
Kotak Savings Fund - Growth 3.58 4.01 6.28 6.41 6.56 6.74 7.50 7.87
Bottom 3 Kotak Liquid Fund - Growth 3.16 3.45 5.18 5.29 5.86 5.87 7.06 7.09
Kotak Overnight Fund - Growth 2.99 3.19 NA NA NA NA 4.09 4.24
Kotak Medium Term Fund - Growth, *Name of the Benchmark - NIFTY Medium Duration Debt Index,Scheme Inception date is 21/03/2014. Mr. Deepak Agrawal has been managing the fund since
22/06/2015.
Kotak Credit Risk Fund - Growth, *Name of the Benchmark - NIFTY Credit Risk Bond Index, Scheme Inception date is 11/05/2010. Mr. Deepak Agrawal has been managing the fund since 12/04/2010.
Kotak Floating Rate Fund - Growth, *Name of the Benchmark - NIFTY Ultra Short Duration Debt Index, Scheme Inception date is 14/05/2019. Mr. Deepak Agrawal has been managing the fund since
14/05/2019.
Kotak Savings Fund - Growth, *Name of the Benchmark - NIFTY Ultra Short Duration Debt Index, Scheme Inception date is 13/08/2004. Mr. Deepak Agrawal has been managing the fund since 01/04/2008.
Kotak Liquid Fund - Growth, *Name of the Benchmark - NIFTY Liquid Index, Scheme Inception date is 04/11/2003. Mr. Deepak Agrawal has been managing the fund since 01/05/2007.
Kotak Overnight Fund - Growth, *Name of the Benchmark - NIFTY 1D Rate Index, Scheme Inception date is 15/01/2019. Mr. Deepak Agrawal has been managing the fund since 15/01/2019.
Name: Mr. Devender Singhal

Mr. Devender Singhal manages 11 funds of Kotak Mahindra Mutual Fund. Different plans shall have a different expense structure. The performance details provided herein are of regular plan.
Kotak Debt Hybrid Fund - Growth (Dec. 02, ’03), Kotak India Growth Fund Series-4 (Feb. 20, '18), Kotak NV20 ETF (Dec. 01, '15), Kotak Banking ETF (Dec. 10, '14), Kotak Sensex ETF (Jun. 06, '08), Kotak Asset
Allocator Fund (Aug,. 09, '04), Kotak PSU Bank ETF (Nov. 08, 07), Kotak Nifty ETF (Feb. 02, '10), Kotak IT ETF (Mar. 02, '21), Kotak NIFTY Next 50 Index (Mar. 10, '21), Kotak Equity Savings Fund (Oct. 13' 14)
Business Experience
Mr. Devender has been associated with the Kotak Group since July 2007. He is responsible for the research coverage of FMCG, Automobiles and Media sectors at Kotak AMC since Feb 2009. Devender has an
overall working experience of 14 years in equity research and fund management. Prior to joining Kotak AMC, Devender worked with the PMS divisions of Kotak, Religare, Karvy and P N Vijay Financial Services.

Scheme Names
Kotak PSU Bank ETF 72.17 73.75 -9.14 -8.40 -3.99 -2.95 -1.43 0.04
Top 3 Kotak India Growth Fund - 65.48 48.73 20.89 12.93 NA NA 16.80 13.70
Series 4 - Growth
Kotak Banking ETF 60.06 60.54 7.17 7.91 12.63 13.18 10.07 10.51
Kotak Asset Allocator Fund - Growth 38.23 23.46 18.32 12.24 14.21 11.66 16.19 12.30
Bottom 3 Kotak Debt Hybrid Fund - Growth 19.05 9.89 10.96 10.57 9.23 9.24 8.29 8.60
Kotak Equity Savings Fund - Growth 15.54 13.39 7.98 7.20 8.53 7.36 8.51 7.36
Kotak PSU Bank ETF - *Name of the Benchmark Nifty PSU Bank TRI, Scheme Inception date is 08/11/2007. Mr. Devender Singhal & Mr. Satish Dondapati has been managing the fund since 09/05/2019.
Kotak India Growth Fund - Series 4 - Growth, *Name of the Benchmark - Nifty 200 TRI, Scheme Inception date is 14/02/2018. Mr. Devender Singhal has been managing the fund since 24/01/2019.
Kotak Banking ETF, *Name of the Benchmark - Nifty Bank TRI, Scheme Inception date is 10/12/2014. Mr. Devender Singhal & Mr. Satish Dondapati has been managing the fund since 09/05/2019.
Kotak Asset Allocator Fund - Growth, *Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 50:50 Index, Scheme Inception date is 09/08/2004. Mr. Devender Singhal & Mr. Arjun Khanna has been
55
managing the fund since 09/05/2019.
Kotak Debt Hybrid Fund - Growth, *Name of the Benchmark - CRISIL Hybrid 85+15 - Conservative Index, Scheme Inception date is 02/12/2003. Mr. Abhishek Bisen has been managing the fund since
01/04/2008. Mr. Devender Singhal has been managing the fund since 25/08/2015.
Kotak Equity Savings Fund - Growth, *Name of the Benchmark - 75% NIFTY 50 Arbitrage + 25% Nifty 50 TRI, Scheme Inception date is 13/10/2014. Mr. Devender Singhal has been managing the fund since
01/04/2021. Mr. Abhishek Bisen has been managing the fund since 17/09/2014. Mr. Hiten Shah has been managing the fund since 03/10/2019.
Name: Ms. Shibani Kurian

Ms. Shibhani Kurian manages 3 funds of Kotak Mahindra Mutual Fund. Different plans shall have a different expense structure. The performance details provided herein are of regular plan.
Kotak India EQ Contra Fund - Growth (July. 27, '05), Kotak India Growth Fund Series 7 (Aug. 31, 18), Kotak Focused Equity fund (Jul 16, '19).
Business Experience
Ms. Shibani Sircar Kurian has a total experience of 19 years in the Indian equity markets of which almost more than 11 years have been with Kotak Mahindra Asset Management Company Limited. Her primary
responsibilities include equity fund management and heading the equity research team.
Prior to joining Kotak Mahindra Asset Management Company Limited, she worked for almost 6 years with UTI Asset Management Company Limited. and for 1 and half years with Dawnay Day AV Financial
Services.
She holds a PGDM (with a specialization in Finance) from T.A. Pai Management Institute, Manipal and a BSc (Hons) in Economics from St. Xavier’s College, Kolkata.

Scheme Names
Kotak India EQ Contra Fund - Growth 52.04 44.76 13.95 12.61 15.67 14.06 13.63 14.37
Kotak Focused Equity Fund - Growth 48.67 48.73 NA NA NA NA 22.03 18.99
Kotak India Growth Fund Series 7 - Growth 31.00 44.30 NA NA NA NA 12.36 12.16
Kotak India EQ Contra Fund - Growth, *Name of the Benchmark - Nifty 100 TRI, Scheme Inception date is 27/07/2005. Ms. Shibani Kurian has been managing the fund since 09/05/2019.
Kotak Focused Equity Fund - Growth, *Name of the Benchmark - Nifty 200 TRI, Scheme Inception date is 16/07/2019. Mr. Harish Krishnan & Ms. Shibani Kurian has been managing the fund since 16/07/2019.
Kotak India Growth Fund - Series 7 - Growth, *Name of the Benchmark - Nifty 50 TRI, Scheme Inception date is 31/08/2018. Ms. Shibani Kurian has been managing the fund since 09/05/2019.
55
70
Name: Mr. Arjun Khanna
Mr. Arjun Khanna manages 5 funds of Kotak Mahindra Mutual Fund. Different plans shall have a different expense structure. The performance details provided herein are of
regular plan.
Kotak Global Emerging Market Fund - Growth (Sep. 26, '07), Kotak Pioneer Fund (Oct 31, '19), Kotak International REIT FOF - Growth (Dec. 29, ‘20), Kotak NASDAQ 100 FOF (Feb.
02' 21) & Kotak Global Innovation Fund of Fund (Jul 29, ’21).
Business Experience
Mr. Arjun Khanna has over 10 years of experience in banking and financial companies. Prior to joining Kotak Asset Management Company Limited, he worked in equity research
in Principal PNB AMC. He has also worked at Citigroup NA in his earlier stint. He is a Bachelor of Engineering (Electronics) from Mumbai University and a post Graduate in Masters
of Management Studies (Finance) from Jamnalal Bajaj Institute of Management Studies. He is a holder of the right to use the Chartered Financial Analyst® designation and is a
Financial Risk Manager - Certified by the Global Association of Risk Professionals.

Scheme Names
Kotak Pioneer Fund - Growth 63.49 50.36 NA NA NA NA 35.93 26.14
Kotak Global Emerging Market Fund - Growth 22.07 20.14 10.41 11.33 10.91 13.15 6.02 8.10
Kotak International REIT FOF has not yet completed 1 year from Inception,
Kotak International REIT FOF - Growth the performance of the scheme is not disclosed.
Kotak NASDAQ 100 FOF has not yet completed 1 year from Inception,
Kotak NASDAQ 100 FOF - Growth
the performance of the scheme is not disclosed.
Kotak Global Innovation FOF has not yet completed 1 year from Inception,
Kotak Global Innovation FOF - Growth
the performance of the scheme is not disclosed.
Kotak Pioneer Fund - Growth, *Name of the Benchmark - 85% IISL Kotak India Pioneering Innovations + 15% MSCI ACWI Information Technology Index TRI, Scheme Inception date is 31/10/2019. Mr. Harish
Krishnan & Mr. Arjun Khanna has been managing the fund since 31/10/2019.
Kotak Global Emerging Market Fund - Growth, *Name of the Benchmark - MSCI Emerging Market index, Scheme Inception date is 26/09/2007. Mr. Arjun Khanna has been managing the fund since
09/05/2019.
Name: Mr. Satish Dondapati

Mr. Satish Dondapati manages 8 funds of Kotak Mahindra Mutual Fund. Different plans shall have a different expense structure. The performance details provided herein are of
regular plan.
Kotak NV20 ETF (Dec. 1, '15), Kotak Banking ETF (Dec. 10, '14), Kotak Sensex ETF (Jun. 06, '08), Kotak Nifty ETF (Feb. 02, '10), Kotak PSU Bank ETF (Nov. 08, '07), Kotak Gold ETF
(Jul. 27, '07), Kotak IT ETF (Mar. 02, '21), Kotak NIFTY Next 50 Index (Mar. 10, '21)
Business Experience
Mr. Satish Dondapati has been associated with the company since March 2008. He has over 15 years of experience in MF Product Development and Sales. Prior to joining Kotak
Asset Management Company Limited, he was the part of MF Product Team of Centurion Bank Of Punjab.

Scheme Names
Kotak PSU Bank ETF 72.17 73.75 -9.14 -8.40 -3.99 -2.95 -1.43 0.04
Kotak Banking ETF 60.06 60.54 7.17 7.91 12.63 13.18 10.07 10.51
Kotak NV20 ETF 52.02 52.49 17.62 19.01 18.44 19.42 18.31 18.12
Kotak Nifty ETF 44.06 44.30 12.63 12.90 13.69 14.18 10.89 12.21
Kotak Sensex ETF 41.09 41.55 12.82 13.14 13.83 14.73 10.10 11.23
Kotak Gold ETF -10.00 -9.65 16.85 17.71 7.59 8.52 11.80 12.91
Kotak PSU Bank ETF, *Name of the Benchmark - Nifty PSU Bank TRI, Scheme Inception date is 08/11/2007. Mr. Devender Singhal & Mr. Satish Dondapati has been managing the fund since 09/05/2019.
Kotak Banking ETF, *Name of the Benchmark - Nifty Bank TRI, Scheme Inception date is 10/12/2014. Mr. Devender Singhal & Mr. Satish Dondapati has been managing the fund since 09/05/2019.
Kotak NV20 ETF - *Name of the Benchmark Nifty 50 Value 20 TRI, Scheme Inception date is 01/12/2015. Mr. Devender Singhal & Mr. Satish Dondapati has been managing the fund since 09/05/2019.
Kotak Nifty ETF, *Name of the Benchmark - Nifty 50 TRI, Scheme Inception date is 02/02/2010. Mr. Devender Singhal & Mr. Satish Dondapati has been managing the fund since 09/05/2019.
Kotak Sensex ETF, *Name of the Benchmark - S&P BSE SENSEX TRI, Scheme Inception date is 06/06/2008. Mr. Devender Singhal & Mr. Satish Dondapati has been managing the fund since 09/05/2019.
Kotak Gold ETF, *Name of the Benchmark - Price of Gold, Scheme Inception date is 27/07/2007. Mr. Abhishek Bisen has been managing the fund since 15/04/2008. & Mr. Satish Dondapati has been managing
the fund since 09/05/2019.
Name: Mr. Hiten Shah

Mr. Hiten Shah manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure. The performance details provided herein are of regular
plan.
Kotak Balanced Advantage Fund (Aug. 03, ’18), Kotak Equity Savings Fund (Oct. 13, ‘2014), Kotak Equity Arbitrage Fund (Sep. 29, ‘05)
Business Experience
Mr. Hiten Shah, is a MMS in Finance with over 11 years of work experience. Prior to joining Kotak Mahindra Mutual Fund, he was associated with Edelweiss Asset Management for
more than 8 years as a Co-Fund manager and Chief dealer in equities segment. Mr Hiten Shah was also associated with Edelweiss securities Ltd. as low risk arbitrage trader for
more than 3 years.

Scheme Names
Kotak Balanced Advantage Fund - Growth 21.78 23.46 NA NA NA NA 11.54 12.25
Kotak Equity Savings Fund - Growth 15.54 13.39 7.98 7.20 8.53 7.36 8.51 7.36
Kotak Equity Arbitrage Fund - Growth 4.15 4.28 5.20 4.72 5.59 4.73 7.07 NA
Kotak Balanced Advantage Fund - Growth, *Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 50:50 Index . Scheme Inception date is 03/08/2018. Mr. Abhishek Bisen & Mr. Harish Krishnan has
been managing the fund since 03/08/2018. Mr. Hiten Shah has been managing the fund since 03/10/2019.
Kotak Equity Savings Fund - Growth, *Name of the Benchmark - 75% NIFTY 50 Arbitrage + 25% Nifty 50 TRI, Scheme Inception date is 13/10/2014. Mr. Devender Singhal has been managing the fund since
01/04/2021. Mr. Abhishek Bisen has been managing the fund since 17/09/2014. Mr. Hiten Shah has been managing the fund since 03/10/2019.
Kotak Equity Arbitrage Fund - Growth, *Name of the Benchmark - Nifty 50 Arbitrage Index, Scheme Inception date is 29/09/2005. Mr. Hiten Shah has been managing the fund since 03/10/2019.
71
IDCW HISTORY
Equity Schemes
Kotak Equity Arbitrage Fund - Monthly IDCW Option Kotak Tax Saver Fund
Record Date Cum IDCW NAV `/Unit Record Date Cum IDCW NAV `/Unit
Jul-26-21 10.7457 0.0356 Dec-23-20 20.119 0.399
Jun-21-21 10.7459 0.0461 Sep-28-20 17.455 0.349
May-24-21 10.714 0.0212 Jun-12-20 15.531 0.155
Apr-26-21 10.7564 0.067 Mar-26-20 13.818 0.2878
Mar-22-21 10.7183 0.0205 Dec-24-19 19.111 0.3346
Feb-22-21 10.7222 0.0251 Sep-26-19 18.653 0.3108
Kotak Equity Arbitrage Fund - Fortnightly IDCW Option Kotak Emerging Equity Fund
Jul-26-21 23.0392 0.0441 May-20-20 17.646 0.536
Jul-12-21 23.0415 0.0464 May-24-19 23.623 1.6123
Jun-28-21 23.0429 0.0478 Mar-23-18 26.1532 2.674
Jun-14-21 23.0204 0.0253 May-26-17 26.01 1.59
May-31-21 23.0686 0.0735 May-27-16 21.1956 1.3
May-17-21 23.0233 0.0282 Apr-28-15 21.499 2.1
Kotak Equity Arbitrage Fund - Bimonthly IDCW Kotak Asset Allocator Fund
Jul-26-21 20.1339 0.1659 Aug-30-10 37.774 Individual/ HUF: 0.8784
May-24-21 20.1136 0.1649
Others: 0.8186
Mar-22-21 20.0433 0.0851
Jan-25-21 20.0406 0.1071
Nov-23-20 20.0743 0.1481 Kotak Flexicap Fund (Erstwhile Known As Kotak Standard Multicap Fund)
Sep-21-20 20.0553 0.0964 Record Date Cum IDCW NAV `/Unit
Sep-24-20 20.984 0.883
Sep-24-19 24.035 1.2024
Kotak Bluechip Fund - IDCW
Sep-24-18 23.504 1.3281
Record Date Cum IDCW NAV `/Unit Sep-27-17 23.5921 1.5
Dec-23-20 38.489 1.523 Sep-30-16 21.3488 1.25
Oct-12-15 19.739 1.00
Dec-23-19 37.059 2.5606
Dec-27-18 32.943 0.8677
Mar-23-18 35.3566 3.604 Kotak Equity Saving Fund - Monthly IDCW Option
Dec-28-17 39.2181 1.52
Record Date Cum IDCW NAV `/Unit
Jun-28-17 39.0457 1.5
Dec-14-20 12.0606 0.0404
Nov-12-20 11.8299 0.0381
Kotak India EQ Contra Fund Oct-12-20 11.6235 0.0395
Sep-14-20 11.4749 0.0405
Aug-12-20 11.4015 0.0423
Jul-20-20 18.519 1.086 Jul-13-20 11.2263 0.043
Jul-25-19 20.628 1.8797
Mar-23-18 23.714 4.778
Jul-28-17 23.4326 0.7 Kotak Equity Saving Fund - Quarterly IDCW
Jul-15-16 19.6923 0.5
Nov-20-15 18.54 0.5 Record Date Cum IDCW NAV `/Unit
Sep-21-20 11.3791 0.1253
Jun-22-20 11.1034 0.221
Kotak Equity Opportunities Fund Dec-20-19 11.3744 0.0329
Sep-20-19 11.0934 0.1354
Record Date Cum IDCW NAV `/Unit Jun-20-19 11.2538 0.1576
Feb-23-21 28.46 0.575 Mar-20-19 11.2372 0.1553
Nov-23-20 25.459 0.488
Aug-24-20 23.396 0.457
Kotak Infrastructure and Economic Reform Fund
May-26-20 19.263 0.387
Feb-26-20 25.006 0.4533 Record Date Cum IDCW NAV `/Unit
Nov-26-19 24.65 0.4498 Feb-21-19 16.252 0.4356
Feb-28-18 20.5821 0.625
Feb-23-17 17.5644 0.5
Kotak Small Cap Fund
Jun-23-15 15.2601 0.5
Feb-24-21 52.435 2.586 Hybrid Schemes
Feb-27-20 38.797 2.8244
Kotak Equity Hybrid Fund
Feb-20-19 33.152 0.8942
Feb-28-18 45.3733 1.265 Record Date Cum IDCW NAV `/Unit
Feb-27-17 36.4033 1.45
Dec-23-20 17.878 0.089
Feb-23-16 26.77 1
Sep-25-20 15.192 0.077
Jun-12-20 13.671 0.068
Dec-26-19 15.994 0.139
Sep-25-19 15.339 0.1301
Jun-25-19 15.572 0.1398
72
Kotak Debt Hybrid Fund - Monthly IDCW Kotak Bond Short Term Fund - Half Yearly IDCW
Jul-12-21 12.8797 Individual/ HUF: 0.099 Mar-22-21 14.8013 Individual/ HUF: 0.2087
Others: 0.099 Others: 0.2087
Jun-14-21 13.0167 Individual/ HUF: 0.1146 Sep-21-20 14.5527 Individual/ HUF: 0.0102
May-12-21 12.7785 Individual/ HUF: 0.103 Mar-20-19 12.6446 Individual/ HUF: 0.0039
Kotak Debt Hybrid Fund - Quarterly IDCW Kotak Credit Risk Fund - Monthly IDCW
Jun-21-21 15.0172 Individual/ HUF: 0.2942 Mar-12-21 10.5102 Individual/ HUF: 0.0217
Mar-22-21 14.6143 Individual/ HUF: 0.2468 Oct-12-20 10.4296 Individual/ HUF: 0.0664
Dec-22-20 14.3163 Individual/ HUF: 0.1881 Sep-14-20 10.4173 Individual/ HUF: 0.0842
ETF Schemes Kotak Credit Risk Fund - Quarterly IDCW

Kotak PSU Bank ETF
Record Date Cum IDCW NAV `/Unit Jun-21-21 11.4909 Individual/ HUF: 0.1018
Mar-10-17 334.3964 0.2 Others: 0.1018
Feb-21-13 358.8668 19.00 Sep-21-20 11.1727 Individual/ HUF: 0.2223
Others: 0.2223
Jun-22-20 10.9416 Individual/ HUF: 0.1109
Kotak SENSEX ETF
Others: 0.1109
Mar-11-17 297.6072 7.50
Kotak Credit Risk Fund - Annual IDCW
Mar-10-17 297.6072 7.50
Jun-18-13 201.3164 7.00 Record Date Cum IDCW NAV `/Unit
Mar-12-21 10.7312 Individual/ HUF: 0.6454
Others: 0.6454
Kotak Nifty ETF Mar-12-20 11.0635 Individual/ HUF: 0.7027
Record Date Cum IDCW NAV `/Unit Others: 0.6507
Mar-10-17 904.9522 10.00
Others: 0.4203
May-06-16 785.7880 11.00
May-06-13 613.1266 11.00
Kotak Savings Fund - Monthly IDCW
Debt Schemes Record Date Cum IDCW NAV `/Unit

Jul-12-21 10.7386 Individual/ HUF: 0.026
Kotak Bond Fund Regular Plan - Quarterly IDCW Option
Others: 0.026
Others: 0.0333
Dec-22-20 13.01 Individual/ HUF: 0.0557
May-12-21 10.744 Individual/ HUF: 0.0313
Others: 0.0557
Others: 0.0313
Sep-21-20 12.6259 Individual/ HUF: 0.041
Others: 0.041
Others: 0.3592 Kotak Dynamic Bond Fund - Monthly IDCW
Kotak Bond Fund Regular Plan - Annual IDCW Jun-14-21 21.9491 Individual/ HUF: 0.1787
Others: 0.1787
Mar-20-14 21.2977 Individual/ HUF: 0.2158 Others: 0.0026
Others: 0.2067 Jan-12-21 21.8813 Individual/ HUF: 0.1109
Mar-20-13 22.5941 Individual/ HUF: 1.4008 Others: 0.1109
Others: 1.2006
Kotak Dynamic Bond Fund - Quarterly IDCW

Kotak Bond Short Term Fund - Monthly IDCW
Jun-14-21 10.1114 Individual/ HUF: 0.0599 Others: 0.1356
Others: 0.0599 Dec-22-20 11.4483 Individual/ HUF: 0.3302
May-12-21 10.1123 Individual/ HUF: 0.0607 Others: 0.3302
Others: 0.0607 Sep-21-20 11.3106 Individual/ HUF: 0.1959
Apr-12-21 10.1402 Individual/ HUF: 0.0886 Others: 0.1959
Others: 0.0886
73
Debt Schemes
Kotak Corporate Bond Fund - Regular Plan Monthly IDCW Kotak Banking and PSU Debt Fund - Monthly IDCW
Others: 1.6051
Others: 0.0833
Others: 5.9053
Others: 0.0602
Apr-12-21 10.4848 Individual/ HUF: 0.0741
Others: 5.7322
Others: 0.0741
Kotak Corporate Bond Fund - Regular Quarterly IDCW Kotak Banking and PSU Debt Fund - Annual IDCW
Mar-20-17 1062.9423 Individual/ HUF: 11.1398 Mar-14-16 16.6687 Individual/ HUF: 0.884
Dec-20-16 1070.3117 Individual/ HUF: 17.6919 Mar-20-15 16.7914 Individual/ HUF: 0.9986
Kotak Low Duration Fund - Regular Plan Monthly IDCW

Kotak Gilt Fund Regular Plan - Quarterly IDCW Record Date Cum IDCW NAV `/Unit
Record Date Cum IDCW NAV `/Unit Jul-12-21 1024.987 Individual/ HUF: 1.7043
Dec-22-20 15.0693 Individual/ HUF: 0.1522 Others: 1.7043
Others: 0.1522 Jun-14-21 1027.712 Individual/ HUF: 4.4292
Sep-21-20 14.6362 Individual/ HUF: 0.0417 Others: 4.4292
Others: 0.0417 May-12-21 1027.888 Individual/ HUF: 4.6053
Jun-22-20 15.4225 Individual/ HUF: 0.8284 Others: 4.6053
Others: 0.8284
Kotak Medium Term Fund - Quarterly IDCW

Kotak Gilt Fund PF and Trust Plan - Quarterly IDCW
Others: 0.243
Others: 0.0899
Others: 0.3469
Others: 0.3767
Others: 0.2771
Others: 0.0341
Kotak Medium Term Fund - Annual IDCW

Kotak Money Market Fund - Monthly IDCW Record Date Cum IDCW NAV `/Unit
Record Date Cum IDCW NAV `/Unit Others: 0.4043
Mar-12-21 1034.952 Individual/ HUF: 2.9764 Mar-12-19 11.1171 Individual/ HUF: 0.4473
Feb-12-21 1034.4517 Individual/ HUF: 2.4758
Others: 2.4758
Kotak Floating Rate Fund
Others: 2.0511
Others: 10.0862
Others: 11.3802
There is no assurance or guarantee to Unit holders as to rate/quantum of IDCW distribution nor that the IDCW will be paid regularly. After
payment of the IDCW, the per Unit NAV falls to the extent of the payout and statutory levy, if any.
IDCW frequency is as per Trustee's discretion.
74
RISK FACTORS
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
*The rating indicates highest degree of safety regarding timely receipt of payments from the investments that the Scheme has made. The ratings
should, however, not be construed as an indication of expected returns, prospective performance of the Mutual Fund Scheme, NAV or of volatility in its
returns.
Disclaimer on market outlooks:
The outlook provided is only a subjective understanding of an uncertain market phenomena, which may or may not occur, and may also not have any
effect on the performance of the scheme, clement or otherwise. This outlook should not be construed as a reason for investment into the scheme based
on prospect of future performance, which may not accrue as anticipated by the statement.
Contact Details
Agra: 0562-4009647 / 9721333365 Gurgaon: 0124-4165424/26 Nadia: 6295288416
Ahmedabad: 079-26779888/ 26766077 Guwahati: 0361-2734784 New Delhi: 011-41100860/65
Ajmer: 0145-2628881 Haldia: 0322-4796534 Panipat: 0180-2632062
Aligarh: 0571-6453223 Hubli: 0836-6450140 Patiala: 0175-5015268
Allahabad: 0532-2260072 Hyderabad: 040-23314052 / 53 / 29 Patna: 0612-6451120
Ambala: 0171-4003033 Indore: 0731-6453390 Pondicherry: 9962029229
Amritsar: 0183-5018777 Jabalpur: 9713508228 Pune: 020- 29528111
Anand: 02692-650281 Jaipur: 0141-2373879 Raipur: 0771-4270917
Aurangabad: 0240-6611189 / 90 Jalandhar: 0181-2233481/ 9988883566 Rajkot: 0281-6620735
Bangalore: 080-61874600 / 01 / 02 / 03 Jalgaon: 0257-2237131/ 32 Ranchi: 0651-6454629/ 2332274/
Belgaum- 0831-4089172 Jammu: 0191-2470779 9709001533
Bareilly: 0581-2510521 Jamnagar: 0288-2555589 Rourkela: 0661-6450114/ 9776640098
Bhavnagar: 0278-2519544 / 3003130 / Jamshedpur: 0657-2317041/6543474/ 9570000685 Rohtak- 0180-4022062
9909973263 Jodhpur: 0291-2630625 Saharanpur - 0132-2724757
Bhilai: 0788-2225385 Kanpur: 0512-6454641/ 2541017 Salem: 0427- 4960766 / 9843060099
Bhopal: 0755-6461018 Kolhapur: 9823705031 Seerampur: 8232097401
Bhubaneshwar: 8114392770 Shimla: 0177-6451211/ 2807911
Kolkata: 033- 46021037 / 46037141 /4603740
Bhuj: 02832-221572 Silliguri: 0353-2522012
Kottayam: 0481-2577077
Borivali: 8879236208 / 8879236194 Surat: 0261-4896767/ 4896768
Kota: 9983324038
Calicut: 495-2701031 Trichur: 0471-4470134 / 9745002032 /
Lucknow: 522-4021168/ 4021169
9072402033
Chandigarh: 0172-4671885/ 5049476 Ludhiana: 0161-4646602/ 4646604 Trichy: 91 - 0431-4972437
Chennai: 044-28221333 / 7823911500 Mangalore: 0824-6452006 Trivandrum: 0471-4470134/
Cochin: 0484-4851170/ 9745005122 Madurai: 0452- 4983 515 9745002032
Coimbatore: 422-6572165 Meerut: 0121-2658105 Udaipur: 0294-6451094 / 09918525666
Cuttack: 91-8114392771/ 9776000093 Mumbai: 91-8048893330 Vadodara: 0265-2334012 / 2354012 /
Dehradun: 135-2742900/ 6453000 9909906370
Mumbai: (Thane): 022- 25348353 / 54
Dhanbad: 9334235493 Vapi: 0260-2400587
Muradabad: 0591-6456667
Durgapur: 0343-6456038/ 2544609 Varanasi: 0542-2220727
Murshidabad: 8535855998
Goa: 0832-6650490 Vijayawada: 0866-2484895 /
Mysore: 0821-6541192
7799978587 / 9966400068
Gwalior: 0751-2347815 Nagpur: 0712-2425052/8577 Vishakapatnam: 0891-2552145 /
Gorakpur: 0551-2204127 Nashik: 253-6574255 9885714419
For details contact us at:

KOTAK MAHINDRA ASSET MANAGEMENT COMPANY LIMITED: 6th Floor, Kotak Infiniti, Building No. 21, Infinity Park, Off Western Express Highway, Gen. A. K.
Vaidya Marg, Malad (East), Mumbai – 400 097. Tel.: 91-8048893330 Fax: 91-22-6708 2213 E-mail: mutual@kotak.com Website: www.kotakamc.com.
Corporate Office of Asset Management Company: 2nd Floor, 12-BKC, Plot No C-12, G Block, BKC, Bandra (East),Mumbai - 400 051
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FUND

Kotak Asset Allocator Fund

KOTAK ASSET ALLOCATOR FUND

It is suitable for investors who are seeking*:

Market Valuation Indicators

Source: Motilal Oswal Source: Motilal Oswal

Cheap Over Invest

(Assuming 50% equity

Source: Axis Capital Internal Estimates

Strategy for Investments in the Current Scenario

Source: IMF, Kotak Institutional Equities

Source: POSOCO, Jefferies

Key Variables & their Impact On Equities

Economy While Covid-19 impacts economy, there is likely to be sequential improvement as

While Covid-19 impacts corporate India, there is likely to be sequential

DII Flow Long runaway of growth in financialization of savings

Policy/Reform Initiative Expect improved reform momentum

Items Jul-21 Jun-21 1 Month Change Jul-20 1 yr Change

Source: RBI; Bloomberg.

India Banking Liquidity

Key Variables & their Impact On Interest Rates

Denotes fall in interest rates

Flexicap fund - An open-ended dynamic equity scheme investing across Small

Fund Manager: Mr. Harsha PORTFOLIO

Total Expense Ratio** 32.77 14.01 9.86 11.64 1.03 2.73

Fund Manager: Mr. Pankaj Tibrewal* PORTFOLIO

Fund Manager: Mr. Harsha PORTFOLIO

Data as on July 31, 2021

Scheme Returns (%) 15.62 16.97 16.54 18.65 27.48 52.19

Fund Manager: Mr. Pankaj Tibrewal* PORTFOLIO

Product Label SYSTEMATIC INVESTMENT PLAN (SIP)

Total amount invested (`)

19,80,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000

Scheme Returns (%) 18.20 22.75 23.38 28.75 49.78 110.72

Fund Manager: Mr. Harish Krishnan* PORTFOLIO

Product Label SYSTEMATIC INVESTMENT PLAN (SIP)

Scheme Returns (%) 15.44 14.81 14.72 17.21 24.73 44.05

Fund Manager: Ms. Shibani Kurian & PORTFOLIO

Nifty 50 (TRI) (`)^ 3,37,350 1,43,413

Nifty 50 (TRI) Returns (%) 30.58 38.50

Fund Manager: Mr. Harsha PORTFOLIO

SYSTEMATIC INVESTMENT PLAN (SIP)

An open-ended equity scheme following contrarian investment strategy Small

Fund Manager: Ms. Shibani Kurian* PORTFOLIO

64,95,097 27,54,341 14,96,861 9,53,223 5,20,920 1,50,177

Scheme Returns (%) 13.74 15.87 16.23 18.60 25.60 50.21

Alpha 0.58 1.26 1.53 1.95 3.22 10.53

Fund Manager: Mr. Harish Krishnan & PORTFOLIO

Total Expense Ratio** SECTOR ALLOCATION (%)

Monthly SIP of (`) 10000 Since Inception 1 year

Total amount invested (`)

Total Value as on July 30, 2021 (`) 3,35,991 1,53,710

Low High Scheme Returns (%) 52.45 56.47

Fund Manager: Mr. Harsha PORTFOLIO

Auto Industrial Products Non - Ferrous Metals Construction Project REST

Fund Manager: Mr. Devender Singhal* PORTFOLIO

Term Deposit as provided above is towards margin for derivatives transactions

SECTOR ALLOCATION (%)

8.72 5.08 4.05

This product is suitable for investors who are seeking*:

ECONOMIC REFORM FUND Medium

Fund Manager: Mr. Harish Krishnan* PORTFOLIO

Total Expense Ratio** Telecom Chemicals Power Metals Consumer Goods

Data as on July 31, 2021 SYSTEMATIC INVESTMENT PLAN (SIP)