Kotak Mahindra Mutual Fund 27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051 KEY INFORMATION MEMORANDUM & APPLICATION FORMS

CONTINUOUS OFFER: Unit of all Schemes available at prices related to Applicable NAV

Name of Scheme Type of Scheme Scheme Re-opened on This product is suitable for investors who are seeking* Kotak Banking and PSU Debt Fund An Open Ended Debt • Income over a short to medium term investment horizon Scheme • Investment in debt & money market securities of PSUs, Banks & government securities • Low risk ¢¢ (BLUE) Kotak Mahindra Gilt Unit Scheme - 98 An open ended dedicated January 5, 1999 Income over a long investment horizon Investment Plan Gilt Scheme Investments in sovereign securities issued by the Central and/ or State Government(s) and / or reverse repos in such securities. Low risk. ¢¢ (Blue) Kotak Bond Short Term Plan An Open Ended Debt May 3, 2002 Income over a medium term horizon Scheme Investment in debt & money market securities Low risk. ¢¢ (Blue) Kotak Mahindra Bond Unit Scheme 99 An Open Ended Debt November 29, 1999 Income over a long investment horizon Scheme Investment in debt & money market securities Low risk.¢¢ (Blue) Kotak Treasury Advantage Fund (formerly An Open Ended Debt August 13, 2004 Income over a short term investment horizon known as Floater Long Term Scheme) Scheme Investment in debt & money market securities Low risk. ¢¢ (Blue) Kotak Floater Short Term Scheme An Open Ended Debt July 15, 2003 Income over a short term investment horizon Scheme investment in floating rate securities, debt & money market securities Low risk. ¢¢ (Blue) Kotak Monthly Income Plan An Open Ended Income December 3, 2003 Income & capital growth over a long term horizon Scheme Investment in a portfolio of debt instruments with a moderate exposure in equity & equity related instruments Medium risk. ¢¢ (Yellow) Kotak Flexi Debt Scheme An Open Ended Debt December 6, 2004 Income over a medium term investment horizon Scheme Investment in debt & money market securities Low risk. ¢¢ (Blue) Kotak Income Opportunities Fund An Open Ended Debt May 12, 2010 Income over a medium term investment horizon Scheme Investment in debt & money market securities Low risk. ¢¢ (Blue) Kotak Multi Asset Allocation Fund An Open Ended Debt January 21, 2011 • Income & capital growth over a long term horizon Scheme • Investment in a portfolio of debt instruments with a moderate exposure in equity & equity related instruments and provides diversification by investing in Gold ETFs Medium risk. ¢¢ (Yellow) Kotak Mahindra Liquid Scheme An Open Ended Debt October 6, 2000 Income over a short term investment horizon Scheme Investment in debt & money market securities Low risk. ¢¢ (Blue) Kotak Gold Fund An Open Ended Fund of March 25, 2011 • Returns in line with physical gold Fund Scheme • investment in Kotak Gold ETF Medium risk. ¢¢ (Yellow) Kotak Low Duration Fund (Formerly known An Open Ended Debt March 7, 2008 • Regular income over short term as PineBridge India Short Term Fund) Scheme • Income by focusing on low duration securities Low risk. ¢¢ (Blue) Kotak Corporate Bond Fund (Formerly An Open Ended Debt September 24, 2007 • Regular income over short term known as PineBridge India Total Return Scheme • Income by investing in fixed income securities of varying maturities Bond Fund) Low risk. ¢¢ (Blue)

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Note: Risk may be represented as: Investors understand that their principal will be at Low risk (Blue), Investors understand that their principal will be at Medium risk (Yellow), Investors understand that their principal will be at High risk (Brown).

THE SPONSOR: Kotak Mahindra Bank Ltd., 27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051 THE TRUSTEE: Kotak Mahindra Trustee Co. Ltd., 27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051. CIN: U65990MH1995PLC090279 THE ASSET MANAGEMENT COMPANY: Kotak Mahindra Asset Management Co. Ltd., (Registered Office) 27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051. CIN: U65991MH1994PLC080009 THE ASSET MANAGEMENT COMPANY: Kotak Mahindra Asset Management Co. Ltd., (Corporate Office) 6th Floor, Vinay Bhavya Complex, 159-A, C. S. T. Road, Kalina, Santacruz (E), Mumbai - 400098 This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the Scheme(s) / Mutual Fund, Due diligence certificate by the AMC, Key Personnel, Investors’ rights & services, Risk Factors, Penalties & Pending Litigations, Associate Transactions, etc. investors should, before investment, refer to the Schemes Information Document and Statement of Additional Information available free of cost at any of the Official Acceptance Points or distributors or from the website www.assetmanagement.kotak.com. The Scheme(s) particulars have been prepared in accordance with Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, as amended till date, and filed with Securities and Exchange Board of India (SEBI). The Units being offered for public subscription have not been approved or disapproved by SEBI, nor has SEBI certified the accuracy or adequacy of this KIM.

THE DATE OF THIS KEY INFORMATION MEMORANDUM IS December 31, 2014

Version 1.01-14/15 KEY INFORMATION MEMORANDUM

Scheme Name KOTAK BANKING AND PSU DEBT FUND KOTAK GILT INVESTMENT An Open Ended Debt Scheme* An Open - Ended Dedicated Gilt Scheme To generate income by predominantly investing in debt & money market securities issued by Banks To generate risk-free returns through investments in sovereign securities issued by the Investment & PSUs and Reverse repos in such securities, sovereign securities issued by the Central Government Central and /or State Government(s) and/ or reverse repos in such securities. Objective and State Governments, and / or any security unconditionally guaranteed by the Govt. of India. However, there is no assurance or guarantee that the investment objective of the scheme will However, there is no assurance or guarantee that the investment objective of the scheme will be be achieved. achieved. Asset Allocation Balance Maturity Risk profile Pattern of the Price Risk Credit Risk Scheme Investments Indicative Allocation Risk Profile More than 5 years Debt & Money Market instruments issued 80% to 100% Low to Medium Low Zero by Banks & PSUs Between 1 to 5 years Lower Zero Central Government and State government 0% to 20% Low to Medium Less than 1 year Lowest Zero securities/ other instruments* Securities held under Reverse Repos Zero Very low *other instruments would include funds invested in inter-bank money market, CBLO, and repo The risk profile described above indicates that the risks of a portfolio of Government (corporate bond/Gsec), or such other short term, overnight securities as may be permitted Securities are invariably lower than those of a portfolio of investments of other types of from time to time. securities. Since Government Securities do not pose any credit risk, they are usually referred to as risk-free securities. Note: The asset allocation shown above is indicative and may vary according to circumstances at the sole discretion of the Fund Managers, on defensive consideration. Review and Investment Pattern rebalancing will be conducted when the asset allocation falls outside the range indicated There will be no restriction on maturity of securities. above within 10 working days.

Risk Profile of the Mutual Fund Units involve investment risks including the possible loss of principal. Please read the SID carefully for details on risk factors before investment. Scheme specific Risk Factors are Scheme summarized on page 13-14. Plans: 1) Direct Plan 2) Non Direct Plan Plans- (a) Regular, (b) PF & Trust (c) Regular Direct (d) PF & Trust Direct Plans & Options Options - Dividend Payout, Dividend Reinvestment & Growth (applicable for all plans) Options - Dividend Payout, Dividend Reinvestment & Growth (applicable for all plans) Applicable NAV (after the scheme opens for Please refer to page 14 for details. repurchase & sale) Minimum Initial Investment: Rs. 5000/- and in multiples of Re. 1 for purchases and for Re 0.01 for Initial Investment: Rs. 5000/- and in multiples of Re. 1 for purchases and for Re 0.01 for Application switches. Rs. 1000/- and in multiples of Re. 1 for purchases and switches. Additional Investment: : Rs. 1000/- and in multiples of Re. 1 for purchases and for Re Amount/ Number for Re 0.01 for switches. SIP Investment: Rs. 1000/- (Subject to a minimum of 6 SIP Additional Investment of Units 0.01 for switches. instalments of Rs. 1000/- each). Redemption: If the holding is less than Rs. 1000 or 100 SIP Investment: Rs. 1000/- (Subject to a minimum of 6 SIP instalments of Rs. 1000/- units, after processing the redemption request, the entire amount/units will be redeemed each). from the Scheme Redemption: If the holding is less than Rs. 1000 or 100 units, after processing the redemption request, the entire amount/units will be redeemed from the Scheme

Despatch of Repurchase Within 10 working days of the receipt of the redemption request at the authorised centre of the Kotak Mutual Fund. (Redemption) Request Benchmark Index Crisil Liquid Fund Index ISEC Composite Index Dividend Policy Daily dividend reinvestment, Monthly and Annual Quarterly (20th of Mar/Jun/Sep/Dec) Name of the Mr. Deepak Agrawal and Mr. Abhishek Bisen Mr. Abhishek Bisen & Mr. Deepak Agrawal Fund Managers

Name of the Kotak Mahindra Trustee Company Ltd. Kotak Mahindra Trustee Company Limited Trustee Company Compounded Performance of the scheme as on December 31, 2014 Performance of the scheme as on December 31, 2014 Annualised Returns (%) Kotak Banking and PSU Debt Fund - Growth Kotak Gilt Investment ISEC Composite Kotak Gilt Investment ISEC Composite Crisil Liquid Fund Index Regular Plan - Growth Index PF & Trust Plan - Growth Index

Last 1 year 9.51 9.21 17.09 9.37 17.12 9.37

Last 3 years 8.97 8.91 10.31 9.13 10.35 9.13

Last 5 years 7.67 8.00 8.59 7.66 8.65 7.66

Since Inception 7.19 N.A. 10.07 NA 7.33 7.27

Inception Date August 14, 2013 Regular Plan - December 29, 1998; PF & Trust Plan - November 11, 2003 Kotak Mahindra Gilt Savings Scheme – 98 – Savings Plan has been converted into Kotak Absolute Returns (%) for each financial year for the last 5 years Banking and PSU Debt Fund on August 14, 2013.

12 Kotak Gilt - Investment Kotak Gilt Investment Regular Plan - Growth PF & Trust Plan - Growth

10 10.19

9.46 ISEC Composite Index ISEC Composite Index

8 Kotak Banking and PSU 16.00 16.00

Debt Fund - Growth 14.00 13.20 14.00 13.23 11.69

6 12.00 12.00 11.69 9.05

10.00 9.05 10.00 8.02

7.85 8.00 6.41 CRISIL Liquid Fund Index 8.00 6.79 6.79 5.80 ns % ns %

4 6.41

5.78 6.00 4.42

6.00 3.96 4.42

4.00 4.00 3.96 2.00

2 Retur Retur 2.00 0.00 0.00 -2.00 0 -4.00 -0.36

2013-14 -0.41 2009-10 2010-11 2011-12 2012-13 2013-14 2009-10 2010-11 2011-12 2012-13 2013-14

(i) Load Structure Entry Load: Nil Entry Load: Nil Exit Load: Nil Exit Load: Nil Note: Bonus units and units issued on reinvestment of dividends shall not be subject to entry Note: Bonus units and units issued on reinvestment of dividends shall not be subject to entry and exit load. and exit load.

Actual expenses for the previous Financial Year ended Actual expenses for the previous Financial Year ended (ii) Recurring Please refer to March 31, 2014 (Audited): i) Regular: 0.28% P. A.; Please refer to March 31, 2014 (Audited): i) Regular: 2.07% P. A.; expenses (% of ii) Direct: 0.25% P. A. ii) Regular Direct: 1.48% P. A. iii) PF & Trust: 2.08% P. A. page 15-16 for page 15-16 for iv) PF & Trust Direct: 1.48% P. A. weekly average Note: Does not include additional charged (if any) towards Service Tax Note: Does not include additional charged (if any) towards Service Tax net assets) details on investment and advisory fees & inflows from beyond top 15 cities. details on investment and advisory fees & inflows from beyond top 15 cities. Waiver of Load for Direct Applications: Not applicable Please refer to page 14 for details. Tax Treatment for the investors: Investor is advised to refer to the details in the Statement of Additional Information and also independently refer to his tax advisor. Daily Net Asset Value (NAV) Publication: Please refer to page 14 for details. For Investor Grievances please contact: Please refer to page 15 for details. Unitholders' Information: Please refer to page 15 for details. AAUM and Folio a) Non Direct Plan: Rs. 213.01 Crores 835 (a) Regular: AAUM: Rs. 300.42 Crores Folio: 2,330 (as on December 31, 2014) AAUM: FOLIO: b) Direct Plan: AAUM: Rs. 311.20 Crores FOLIO: 257 (b) PF & Trust: AAUM: Rs. 29.47 Crores Folio: 35 (c) Regular Direct: AAUM: Rs. 100.16 Crores Folio: 248 (d) PF & Trust Direct: AAUM: Rs. 3.50 Crores Folio: 4 Investment Strategy & Risk Measures: Please refer to pages 10-13 for details. *Earlier known as Kotak Mahindra Gilt Savings Scheme - 98 - Savings Plan. Scheme converted to an open ended debt scheme on August 14, 2013

2 KEY INFORMATION MEMORANDUM

Scheme Name KOTAK BOND SHORT TERM KOTAK BOND An Open - Ended Debt Scheme An Open - Ended Debt Scheme The investment objective of the Scheme is to provide reasonable returns and high level of liquidity by To create a portfolio of debt and money market instruments of different maturities so as to spread the Investment investing in debt instruments such as bonds, debentures and Government securities; and money market risk across a wide maturity horizon & different kinds of issuers in the debt market. Objective instruments such as treasury bills, commercial papers, certificates of deposit, including repos in permitted securities of different maturities, so as to spread the risk across different kinds of issuers in the debt However, there is no assurance or guarantee that the investment objective of the scheme will be markets. The Scheme may invest in the call money/term money market in terms of RBI guidelines in this achieved. respect. To reduce the risk of the portfolio, the Scheme may also use various derivative and hedging products from time to time, in the manner permitted by SEBI. Subject to the maximum amount permitted from time to time, the Scheme may invest in offshore securities in the manner allowed by SEBI/RBI, provided such investments are in conformity with the investment objective of the Scheme and the prevailing guidelines and Regulations. There is no assurance that the investment objective of the Scheme will be realised. The asset allocation under the Scheme, under normal circumstances, will be as follows: Asset Allocation Investments Indicative allocation Risk profile Pattern of the Investment Profile Indicative allocation Risk profile Scheme Debt and money market instruments with * Debt Instruments with maturity more 25% to 100% Medium residual maturity upto 36 months * 80% to 100% Low than one year Debt instruments with residual maturity * Debt and Money Market instruments 10% to 100% Low to Medium between 36 months to 60 months* and Gsces 0% to 20% Low to Medium with maturity less than one year *Debt instruments shall be deemed to include securitised debt and absolute. These proportions may vary substantially depending upon investment in securitised debts shall not exceed 50% of the net the perception of the AMC, the intention being at all times to seek *Debt instruments are deemed to include securitised debt and investment in securitised assets of the Scheme. to protect the interests of the Unit holders. Such changes in the debts shall not exceed 50% of the net assets of the Scheme. The Fund shall in normal circumstances have a modified duration investment pattern will be for short term and only for defensive Note: The asset allocation shown above is indicative and may vary according to not exceeding 36 months and is not likely to go below 12 months. considerations. In case of any deviation, the AMC will achieve a circumstances at the sole discretion of the Fund Manager, on defensive consideration or Portfolio Rebalancing: normal asset allocation pattern within 30 days. Where the portfolio Subject to SEBI (MF) Regulations, the asset allocation pattern is not rebalanced within 30 Days, justification for the same shall be according to the interest rate view of the Fund Manager. Also, the composition may change indicated above may change from time to time, keeping in view placed before the Investment Committee and reasons for the same due to purchases and redemption of Units or during adjustment of the average maturity of market conditions, market opportunities, applicable regulations shall be recorded in writing. The Investment committee shall then investments. Should the proportion of investments with maturity more than 1 year fall and political and economic factors. It must be clearly understood decide on the course of action. However, at all times the portfolio below 25%, the portfolio will be reviewed and rebalancing will be conducted within 10 that the percentages stated above are only indicative and not will adhere to the overall investment objective of the Scheme. working days.

Risk Profile of the Mutual Fund Units involve investment risks including the possible loss of principal. Please read the SID carefully for details on risk factors before investment. Scheme specific Risk Factors are summarized on page 13-14. Scheme Plans & Options Plan: (a) Non Direct Plan (b) Direct Plan (Please refer to page 12 for details) Plan: (a) Plan A (Previously known as Non Direct Plan) (b) Direct Plan Option: Dividend Payout, Dividend Reinvestment & Growth (applicable for all plans) Option: Dividend Payout, Dividend Reinvestment, Growth & Bonus (applicable for all plans) Applicable NAV (after the scheme opens for Please refer to page 14 for details. repurchase & sale) Minimum Initial Investment: i) Dividend Re-investment & Growth: Rs. 5000/- and in multiples of Re. 1 for Initial Investment: Plan A: Rs. 5,000/- and in multiples of Re. 1 for purchases and for Re 0.01 for Application purchases and for Re 0.01 for switches. ii) Dividend Payout (Monthly): Rs. 50,000/- and in multiples of switches. Re. 1 for purchases and for Re 0.01 for switches. Additional Investment: Plan A: Rs. 1000/- and in multiples of Re. 1 for purchases and for Re 0.01 for Amount/ Number Rs. 1000/- and in multiples of Re. 1 for purchases and for Re 0.01 for switches. switches. of Units Additional Investment: SIP Investment: Rs. 1000/- (Subject to a minimum of 6 SIP instalments of Rs. 1000/- each). SIP Investment: Plan A: Rs. 1000/- (Subject to a minimum of 6 SIP instalments of Rs. 1000/- each). Redemption: If the holding is less than Rs. 1000 or 100 units, after processing the redemption request, Redemption: Plan A : If the holding is less than Rs. 1000 or 100 units, after processing the the entire amount/units will be redeemed from the Scheme redemption request, the entire amount/units will be redeemed from the Scheme

Despatch of Repurchase Within 10 working days of the receipt of the redemption request at the authorised centre of the Kotak Mutual Fund. (Redemption) Request Crisil Short-Term Bond Fund Index Benchmark Index Crisil Composite Bond Fund Index Dividend Policy Monthly (12th of every Month) and Half Yearly (20th of Mar/ Sep) Quarterly (20th of Mar/Jun/Sep/Dec), Half Yearly (20th of Mar/ Sep) & Annual (12th of Mar) Name of the Mr. Abhishek Bisen & Mr. Deepak Agrawal Mr. Abhishek Bisen & Mr. Deepak Agrawal Fund Managers Name of the Kotak Mahindra Trustee Company Limited Kotak Mahindra Trustee Company Limited Trustee Company Compounded Performance of the scheme as on December 31, 2014 Performance of the scheme as on December 31, 2014 Annualised Returns (%) Kotak Bond Short Term Plan - Growth CRISIL Short Term Bond Fund Index Kotak Bond CRISIL Composite Plan A - Growth Bond Fund Index Last 1 year 10.21 10.47 15.13 14.31 Last 3 years 9.04 9.28 9.88 9.06 Last 5 years 7.86 8.06 8.46 7.80 Since Inception 7.68 7.00 9.42 N.A. Inception Date May 2, 2002 November 25, 1999

Performance as on Absolute Returns (%) for each financial year for the last 5 years Absolute Returns (%) for each financial year for the last 5 years March 31, 2014 12.00 14.00 11.76

10.07 12.00 10.00 Kotak Bond Short Kotak Bond

9.10 9.00 8.79 10.01 Plan A - Growth* Term Plan - Growth* 10.00 9.27 8.31 8.00 7.80 7.40 Crisil Composite

Crisil Short - 8.00 7.70

5.88 Bond Index 6.00 Term Bond Fund 6.72

5.12 ns % 5.41

6.00 Index 5.08 5.06

3.77 4.34 4.00 ns %

Retur 4.00 2.00 Retur 2.00 1.71

0.00 0.00 2009-10 2010-11 2011-12 2012-13 2013-14 2009-10 2010-11 2011-12 2012-13 2013-14

Actual expenses for the previous Financial Year ended Actual expenses for the previous Financial Year ended (ii) Recurring Please refer to March 31, 2014 (Audited): i) Non Direct Plan: 1.26% P. A. Please refer to March 31, 2014 (Audited): i) Plan A: 1.75% P. A. expenses (% of page 15-16 for ii) Direct Plan: 0.76% P. A. page 15-16 for ii) Plan A Direct: 1.15% P. A. weekly average Note: Does not include additional charged (if any) towards Service Tax Note: Does not include additional charged (if any) towards Service Tax net assets) details on investment and advisory fees & inflows from beyond top 15 cities. details on investment and advisory fees & inflows from beyond top 15 cities. Waiver of Load for Direct Applications: Not applicable Please refer to page 14 for details. Tax Treatment for the investors: Investor is advised to refer to the details in the Statement of Additional Information and also independently refer to his tax advisor. Daily Net Asset Value (NAV) Publication: Please refer to page 14 for details. For Investor Grievances please contact: Please refer to page 15 for details. Unitholders' Information: Please refer to page 15 for details. AAUM and Folio (a) Non Direct Plan: Rs. 831.19 Crores 2,505 (as on December 31, 2014) AAUM: Folio: (a) Plan A: AAUM: Rs. 3290.45 Crores Folio: 11,605 (b) Direct Plan: Rs. 741.16 Crores 215 AAUM: Folio: (b) Plan A Direct: AAUM: Rs. 590.07 Crores Folio: 313

Investment Strategy & Risk Measures: Please refer to pages 10-13 for details. Note - With effect from October 1, 2012 the scheme features of Kotak Bond has been changed. For more details please refer page 14. 3 KEY INFORMATION MEMORANDUM KOTAK TREASURY ADVANTAGE FUND (formerly known as Floater Long Term Scheme) KOTAK FLOATER SHORT TERM Scheme Name An Open - Ended Debt Scheme An Open - Ended Debt Scheme The investment objective of the Scheme is to generate returns through investments in debt and money To reduce the interest rate risk associated with investments in fixed rate instruments by investing Investment market instruments with a view to reduce the interest rate risk. However, there is no assurance or predominantly in floating rate securities, money market instruments and using appropriate derivatives. Objective guarantee that the investment objective of the scheme will be achieved. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The asset allocation under the Scheme, under normal circumstances, will be as follows: Investments Indicative Risk profile Asset Allocation allocation Pattern of the Investment Profile Indicative allocation Risk profile *Floating rate debt securities &/or money Scheme *Floating rate debt securities &/or money 65% to 100% Low market instruments, other debt securities 65% to 100% Low market instruments, other debt securities with outstanding maturity of upto 91 days *Fixed rate debt securities 0% to 35% Medium *Fixed rate debt securities 0% to 35% Medium *Debt securities/instruments are deemed to include Portfolio Rebalancing: *Debt securities/ instruments are deemed to include securitised debts and investment in securitised debts and investment in securitized debts shall not Subject to SEBI (MF) Regulations, the asset allocation pattern securitised debts shall not exceed 50% of the net assets of the Scheme. exceed 50% of the net assets of the Scheme. indicated above may change from time to time, keeping in • The floating rate debt securities in the above table include floating rate debt securities and The floating rate debt securities in the above table include view market conditions, market opportunities, applicable fixed rate debt securities with interest rate swap. floating rate debt securities and fixed rate debt securities with regulations and political and economic factors. It must be • Money market instruments will include repos / reverse repos or other instruments permitted interest rate swap. clearly understood that the percentages stated above are only by RBI. The Fund shall in normal circumstances have a modified indicative and not absolute. These proportions may vary duration not exceeding 6 months. substantially depending upon the perception of the AMC, the • Some of the investments may be in the call money market or in investments alternative to call Money market instruments will include repos / reverse repos intention being at all times to seek to protect the interests of money market. (As may evolve or be provided by RBI) or other instruments permitted by RBI. the Unit holders. Such changes in the investment pattern will • The asset allocation shown above is indicative and may vary according to circumstances at the Some of the investments may be in the call money market or in be for short term and only for defensive considerations. In sole discretion of the Fund Manager on defensive consideration. The composition may investments alternative to call money market. (as may evolve case of any deviation, the AMC will achieve a normal asset change due to purchases and redemption of units or during adjustment of the average or be provided by RBI) allocation pattern within 30 days. Where the portfolio is not maturity of investments. Pending deployment in terms of investment objective, the rebalanced within 30 Days, justification for the same shall be • When the allocation of floating rate debt securities &/or money market securities, other debt monies under the Scheme may be invested in short-term placed before the Investment Committee and reasons for the securities with outstanding maturity of up to 91 days in the portfolio falls below 65% or the deposits of Scheduled Commercial Banks in terms of SEBI same shall be recorded in writing. The Investment committee allocation of fixed rate debt securities goes above 35% a review and rebalancing will be circular dated April 16, 2007, as may be amended from time shall then decide on the course of action. However, at all times conducted. to time. the portfolio will adhere to the overall investment objective of the Scheme.

Risk Profile of the Mutual Fund Units involve investment risks including the possible loss of principal. Please read the SID carefully for details on risk factors before investment. Scheme specific Risk Factors are Scheme summarized on page 13-14. Plans & Options Plan: (a) Non Direct Plan (b) Direct Plan (Please refer to page 12 for details) Plan: (a) Non Direct Plan (b) Direct Plan (Please refer to page 12 for details) Option: Dividend Payout, Dividend Reinvestment & Growth (applicable for all plans) Option: Dividend Reinvestment & Growth (applicable for all plans) Applicable NAV (after the scheme opens for Please refer to page 14 for details. repurchase & sale) Minimum Initial Investment: i) Daily Dividend Re-investment, Weekly Dividend Re-investment, Monthly Initial Investment: i) Daily Dividend Option: Rs. 1,00,000/- and in multiples of Re. 1 for Application Dividend Re-investment & Growth: Rs. 5000/- and in multiples of Re. 1 for purchases and for Re purchases and for Re 0.01 for switches. ii) Growth, Weekly Dividend and Monthly Amount/ Number 0.01 for switches. ii) Dividend Payout (Weekly): Rs. 1,00,00,000/- and in multiples of Re. 1 for Dividend Options: Rs. 5000 and in multiples of Rs 1 for purchases and for Re 0.01 for of Units purchases and for Re 0.01 for switches. switches Additional Investment: Rs. 1000/- and in multiples of Re. 1 for purchases and for Re 0.01 for Additional Investment: Rs. 1000/- and in multiples of Re. 1 for purchases and for Re switches. 0.01 for switches. SIP Investment: Rs. 1000/- (Subject to a minimum of 6 SIP instalments of Rs. 1000/- each). SIP Investment: Not Available Redemption: If the holding is less than Rs. 1000 or 100 units, after processing the redemption Redemption: If the holding is less than Rs. 1000, after processing the redemption request, the entire amount/units will be redeemed from the Scheme request, the entire amount/units will be redeemed from the Scheme.

Despatch of Repurchase Within 10 working days of the receipt of the redemption request at the authorised centre of the Kotak Mutual Fund. (Redemption) Request CRISIL Liquid Fund Index Benchmark Index CRISIL Liquid Fund Index

Dividend Policy Daily, Weekly (Every Monday), Monthly (12th of every Month) Daily, Weekly (Every Monday), Monthly (12th of every Month)

Name of the Mr. Deepak Agrawal & Mr. Abhishek Bisen. Mr. Deepak Agrawal & Mr. Abhishek Bisen. Fund Managers Name of the Kotak Mahindra Trustee Company Limited Kotak Mahindra Trustee Company Limited Trustee Company Compounded Performance of the scheme as on December 31, 2014 Performance of the scheme as on December 31, 2014 Annualised Returns (%) Kotak Floater Long Term - Growth CRISIL Liquid Fund Index Kotak Floater Short Term - Growth CRISIL Liquid Fund Index

Last 1 year 9.43 9.21 9.10 9.21

Last 3 years 9.32 8.91 9.38 8.91

Last 5 years 8.56 8.00 8.46 8.00

Since Inception 7.78 7.02 7.30 6.73

Inception Date August 13, 2004 July 14, 2003

Performance as on Absolute Returns (%) for each financial year for the last 5 years Absolute Returns (%) for each financial year for the last 5 years March 31, 2014 12.00 10.00 9.46 9.37 9.47 9.46

9.57 Kotak Floater

10.00 9.46 Kotak Floater 9.30 8.47 9.17

8.22

8.47 Long Term - Growth* 8.00 Short Term - Growth* 8.22

8.00 CRISIL Liquid 6.37 6.21 6.66 CRISIL Liquid 6.21 6.00 Fund Index 6.00 Fund Index 5.16 ns % ns % 4.06

4.00 3.69 4.00 3.69

Retur Retur

2.00 2.00

0.00 0.00 2009-10 2010-11 2011-12 2012-13 2013-14 2009-10 2010-11 2011-12 2012-13 2013-14

*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Past Performance may or may not be sustained in future. Expenses of the Continuous Offer Continuous Offer Scheme Entry Load: Nil Entry Load: Nil (i) Load Structure Exit Load: Nil Exit Load: Nil Note: Bonus units and units issued on reinvestment of dividends shall not be subject to entry Note: Bonus units and units issued on reinvestment of dividends shall not be subject to entry and exit load. and exit load. Actual expenses for the previous Financial Year ended Actual expenses for the previous Financial Year ended (ii) Recurring Please refer to March 31, 2014 (Audited): i) Non Direct Plan: 0.59% P. A. Please refer to March 31, 2014 (Audited): i) Non Direct Plan: 0.27% P. A. expenses (% of page 15-16 for ii) Direct Plan: 0.36 P. A. page 15-16 for ii) Direct Plan: 0.18% P. A. weekly average Note: Does not include additional charged (if any) towards Service Tax Note: Does not include additional charged (if any) towards Service Tax net assets) details on investment and advisory fees & inflows from beyond top 15 cities. details on investment and advisory fees & inflows from beyond top 15 cities. Waiver of Load for Direct Applications: Not applicable Please refer to page 14 for details. Tax Treatment for the investors: Investor is advised to refer to the details in the Statement of Additional Information and also independently refer to his tax advisor. Daily Net Asset Value (NAV) Publication: Please refer to page 14 for details. For Investor Grievances please contact: Please refer to page 15 for details. Unitholders' Information: Please refer to page 15 for details. AAUM and Folio (a) Non Direct Plan: AAUM: Rs. 1474.69 Crores Folio: 4,784 (a) Non Direct Plan: AAUM: Rs. 1888.98 Crores Folio: 2,517 (as on December 31, 2014) (b) Direct Plan: AAUM: Rs. 1463.63 Crores Folio: 639 (b) Direct Plan: AAUM: Rs. 1661.89 Crores Folio: 357

Investment Strategy & Risk Measures: Please refer to pages 10-13 for details. 4 KEY INFORMATION MEMORANDUM

Scheme Name KOTAK MONTHLY INCOME PLAN KOTAK FLEXI DEBT An Open-Ended Income scheme. Monthly Income is not assured An Open - Ended Debt Scheme & is subject to availability of distributable surplus To enhance returns over a portfolio of Debt Instruments with a moderate exposure in Equity and Equity To maximize returns through an active management of a portfolio of debt and money market securities. Investment related Instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be Objective However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. achieved. Investments Indicative Risk profile Investments Indicative Risk profile Asset Allocation allocation allocation Pattern of the Scheme *Debt and money market instruments Upto 100% Low to Medium *Debt Instruments with maturity more 0% to 95% Medium Equity and equity related instruments Upto 20% Medium to High than one year *Debt securities/instruments are deemed to include securitised debts and investment in *Debt and Money Market Instruments 5% to 100% low to Medium securitised debts shall not exceed 50% of the net assets of the Scheme. with maturity less than one year Note: The asset allocation shown above is indicative and may vary according to circumstances at the sole discretion of the Fund Managers, on defensive consideration or according to the *Debt securities/instruments are deemed to include securitised debts and investment in interest rate view of the Fund Manager. Also, the composition may change due to purchases securitised debts shall not exceed 50% of the net assets of the Scheme. Note: The asset allocation shown above is indicative and would enable the Fund Manager to and redemption of Units or during adjustment of the average maturity of investments. Should take position in the debt market depending upon the market conditions. In a conducive the proportion of investments in equity and equity related instruments exceed 20%, the interest rate scenario and/or with a favourable market outlook, the Fund Manager would Portfolio will be reviewed and rebalanced. increase the allocation of debt securities with maturity more than one year; while in adverse interest rate scenario and/or unfavourable market outlook, the Fund Manager would increase the allocation of debt and money market instruments with maturity less than one year. The asset allocation may vary substantially depending upon the Fund Manager's view on the market and/or interest rate. Also, the composition may change due to purchases and redemption of Units or during adjustment of the average maturity of investments. Should the proportion of investments with maturity less than 1 year fall below 2%, the portfolio will be reviewed and rebalanced.

Applicable NAV (after the scheme opens for Please refer to page 14 for details. repurchase & sale) Minimum Initial Investment: i) Dividend Re-investment, Dividend Payout (Quarterly) & Growth: Rs. Initial Investment: Plan A: Rs. 5,000/- and in multiples of Re. 1 for purchases and for Re 0.01 Application 5000/- and in multiples of Re. 1 for purchases and for Re 0.01 for switches. ii) Dividend Payout for switches. Amount/ Number (Monthly): Rs. 50,000/- and in multiples of Re. 1 for purchases and for Re 0.01 for switches. Additional Investment: Plan A: Rs. 1000/- and in multiples of Re. 1 for purchases and for Re of Units Additional Investment: Rs. 1000/- and in multiples of Re. 1 for purchases and for Re 0.01 for 0.01 for switches. switches. SIP Investment: Plan A: Not Available SIP Investment: Rs. 1000/- (Subject to a minimum of 6 SIP instalments of Rs. 1000/- each). Redemption: Plan A: If the holding is less than Rs. 1000 or 100 units, after processing the Redemption: If the holding is less than Rs. 1000 or 100 units, after processing the redemption redemption request, the entire amount/units will be redeemed from the Scheme. request, the entire amount/units will be redeemed from the Scheme

Despatch of Repurchase Within 10 working days of the receipt of the redemption request at the authorised centre of the Kotak Mutual Fund. (Redemption) Request CRISIL MIP Blended Index Benchmark Index CRISIL Composite Bond Index

Dividend Policy Monthly (12th of every Month) Quarterly (20th of Mar/Jun/Sep/Dec) Daily Dividend Reinvestment, Weekly Dividend Reinvestment (Every Monday), Quarterly Dividend Payout & Quarterly Dividend Reinvestment (20th of Mar/Jun/Sep & Dec of every year)

Name of the Mr. Pankaj Tibrewal & Mr. Abhishek Bisen. Mr. Deepak Agrawal & Mr. Abhishek Bisen Fund Managers Name of the Kotak Mahindra Trustee Company Limited Kotak Mahindra Trustee Company Limited Trustee Company Compounded Performance of the scheme as on December 31, 2014 Performance of the scheme as on December 31, 2014 Annualised Returns (%) Kotak Monthly Income Plan - Growth CRISIL MIP Blended Index Kotak Flexi Debt - CRISIL Composite Plan A - Growth Bond Fund Index Last 1 year 19.68 16.83 10.49 14.31

Last 3 years 13.06 10.98 9.64 9.06

Last 5 years 9.23 8.28 8.79 7.80

Since Inception 7.71 7.96 8.43 7.54

Inception Date December 2, 2003 Plan A - May 26, 2008

Performance as on Absolute Returns (%) for each financial year for the last 5 years Absolute Returns (%) for each financial year for the last 5 years March 31, 2014 18.00 12.00

16.00 15.42

Kotak Monthly 9.58

14.25 10.00

Kotak Flexi Debt - 9.38 9.27 14.00 Income Plan - Growth* 9.11 Plan A - Growth* 12.00 8.00 7.70

6.72 Crisil Composite

CRISIL MIP 10.00 9.61 9.09 6.00 5.41

Blended Index 5.23 Bond Index 5.06 ns % 7.76

8.00 4.34 ns % 6.47

6.17 4.00 6.01 5.74 Retur

6.00 5.26 Retur 4.00 2.00

2.00 0.00 0.00 2009-10 2010-11 2011-12 2012-13 2013-14 2009-10 2010-11 2011-12 2012-13 2013-14 The benchmark return corresponds to Kotak Flexi Debt Plan A.

*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Past Performance may or may not be sustained in future. Expenses of the Continuous Offer Continuous Offer Scheme Entry Load: Nil Entry Load: Nil 1) For redemptions / switch outs (including SIP/STP) within 180 days from the (i) Load Structure Exit Load: Revised Loads shall be applicable effective January 1, 2015. i) For redemptions / Exit Load: switch outs (including SIP/STP) within 3 years from the date of allotment of units, irrespective date of allotment of units, irrespective of the amount of investment: 1.00%. 2) For of the amount of investment: 1% ii) For redemptions/ switchouts on or after 3 years: Nil. iii) Any redemptions / switch outs (including SIP/STP) after 180 days from the date of allotment of exit load charged (net off Service Tax, if any) shall be credited back to the Scheme. Bonus units, irrespective of the amount of investment: Nil. 3) Any exit load charged (net off Service Note: Tax, if any) shall be credited back to the Scheme. Note: Bonus units and units issued on units and units issued on reinvestment of dividends shall not be subject to entry and exit load. reinvestment of dividends shall not be subject to entry and exit load. Actual expenses for the previous Financial Year ended Actual expenses for the previous Financial Year ended March 31, 2014 (Audited): i) Non Direct Plan: 2.37% P. A. March 31, 2014 (Audited): i) Plan A: 1.10% P. A. (ii) Recurring Please refer to ii) Direct Plan: 1.87% P. A. Please refer to ii) Plan A Direct: 0.53% P. A.* expenses (% of page 15-16 for Note: Does not include additional charged (if any) towards Service Tax page 15-16 for Note: Does not include additional charged (if any) towards Service Tax weekly average details on investment and advisory fees & inflows from beyond top 15 cities. details net assets) on investment and advisory fees & inflows from beyond top 15 cities. Waiver of Load for Direct Applications: Not applicable Please refer to page 14 for details. Tax Treatment for the investors: Investor is advised to refer to the details in the Statement of Additional Information and also independently refer to his tax advisor. Daily Net Asset Value (NAV) Publication: Please refer to page 14 for details. For Investor Grievances please contact: Please refer to page 15 for details. Unitholders' Information: Please refer to page 15 for details.

AAUM and Folio (a) Non Direct Plan: AAUM: Rs. 109.84 Crores Folio: 4,188 (a) Plan A: AAUM: Rs. 270.99 Crores Folio: 3,109 (as on December 31, 2014) (b) Direct Plan: AAUM: Rs. 3.48 Crores Folio: 31 (b) Plan A Direct: AAUM: Rs. 127.72 Crores Folio: 258 Investment Strategy & Risk Measures: Please refer to pages 10-13 for details. Note - With effect from October 1, 2012 the scheme features of Kotak Flexi Debt has been changed. For more details please refer page 14. 5 KEY INFORMATION MEMORANDUM

Scheme Name KOTAK INCOME OPPORTUNITIES FUND KOTAK MULTI ASSET ALLOCATION FUND An Open-Ended Debt Scheme An Open-Ended Debt Scheme The investment objective of the scheme is to generate income by investing in debt /and money market The investment objective of the scheme is to generate income by investing predominantly in debt and Investment securities across the yield curve and credit spectrum. The scheme would also seek to maintain reasonable money market securities, to generate growth by taking moderate exposure to equity and equity Objective liquidity within the fund. related instruments and provide diversification by investing in Gold ETFs. However, there is no assurance or guarantee that the investment objective of the scheme will be However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. achieved. Investments Investments Indicative Risk profile Indicative allocation Risk profile Asset Allocation allocation Pattern of the Debt and money market instruments 75% to 90% Low Scheme Debt, money market instruments & government Low 35% to 100% Equity and equity related instruments 5% to 20% High securities with maturity upto 1 year * Units of Gold ETFs * 5% to 20% Medium to High Debt, Money Market Instruments & government 0% to 65% Low – Medium securities with maturity greater than 1 year * * Investments will be made in Gold ETF's based on considerations of price, tracking err or, performance , portfolio , expense ratio, materiality of differences etc., based on the *Debt instruments shall be deemed to include securitised debts (excluding foreign securitised judgment of the fund manager The scheme may also invest in Kotak Gold ETF, subject to debt) and investment in securitised debts maybe upto 75% of the net assets of the Scheme. investment restrictions. The total gross exposure investment in equity + debt + money market instruments The total investment value of debt instruments and Notional value of Investment in derivatives (excluding cash and cash equivalents with residual maturity of less than 91 days) + like, Interest Rate Swaps, Interest Rate Forwards, Interest Rate Futures, Forward Rate derivatives positions+ Gold ETF shall not exceed 100% of net assets of scheme. Agreements, etc, if any, shall not exceed 100% of the net assets of the scheme. The scheme will not invest in securitised debt. Note: The asset allocation if altered for short-term defensive consideration will be rebalanced Portfolio Rebalancing within 30 days. The asset allocation shown above is indicative and may change for the short term at the discretion of the fund manager in case of defensive considerations and because of market action. If altered, the allocation would be rebalanced within 15 business days.

Applicable NAV (after the scheme opens for Please refer to page 14 for details. repurchase & sale) Minimum Initial Investment: Rs. 5000/- and in multiples of Rs 1 for purchases and for Re 0.01 for Initial Investment: Rs. 10000/- and in multiples of Rs 1 for purchases and for Re 0.01 for Application switches. switches. Amount/ Number Additional Investment: Rs.1000/- and in multiples of Rs 1 for purchases and for Re 0.01 for Additional Investment: Rs.1000/- and in multiples of Rs 1 for purchases and for Re 0.01 of Units switches. for switches. SIP Investment: Rs.1000/- Subject to a minimum of 6 SIP installments of Rs. 1000/- each) SIP Investment: Rs.1000/- (Subject to a minimum of 10 SIP installments of Rs. 1000/- Redemption: Rs. 1000 or 100 units, If the holding is less than Rs. 1000 or 100 units, after each) processing the redemption request, the entire amount/units will be redeemed from the Redemption: Rs. 1000 or 100 units, If the holding is less than Rs. 1000 or 100 units, after Scheme. processing the redemption request, the entire amount/units will be redeemed from the Scheme.

Despatch of Repurchase Within 10 working days of the receipt of the redemption request at the authorised centre of the Kotak Mutual Fund. (Redemption) Request CRISIL Short Term Bond Fund Index Benchmark Index 75 % CRISIL Short Term Bond Fund Index, 15% CNX Nifty index & 10% Price of Gold

Dividend Policy Weekly (Every Monday), Monthly (12th of Every Month), Quarterly (20th of Mar/Jun/Sep/Dec), Monthly (12th of Every Month), Quarterly (20th of Mar/Jun/Sep/Dec), Annual (12th of March) Annual (12th of March)

Name of the Mr. Deepak Agrawal and Mr. Abhishek Bisen. Mr. Deepak Gupta and Mr. Abhishek Bisen Fund Managers Name of the Kotak Mahindra Trustee Company Limited Kotak Mahindra Trustee Company Limited Trustee Company Compounded Performance of the scheme as on December 31, 2014 Performance of the scheme as on December 31, 2014 Annualised Returns (%) Kotak Multi Asset 75%-CRISIL Short Term Bond Fund Index, Kotak Income Opportunities Fund - Growth CRISIL Short-Term Bond Fund Index Allocation Fund - Growth 15%-CNX Nifty Index and 10% - Prices of Gold Last 1 year 11.13 10.47 13.75 12.65

Last 3 years 9.38 9.28 9.45 10.30

Last 5 years N.A. N.A. N.A. N.A.

Since Inception 8.52 7.00 8.86 12.53

Inception Date May 11, 2010 January 21, 2011 Absolute Returns (%) for each financial year for the last 3 years Performance as on Absolute Returns (%) for each financial year for the last 3 years 12.00 10.00 March 31, 2014 9.41 8.92 8.55 9.90 10.00 8.43 9.27 9.20 Kotak Income Opportunities 8.00 7.77 Kotak Multi Asset 7.79 8.00 7.70 Fund - Growth Allocation Fund - Growth

ns % 6.00 6.00 ns % 75 % CRISIL Short Term Bond CRISIL Short-Term 4.37 4.34 4.00 Fund Index, 15% CNX Nifty Retur Retur 4.00 Bond Fund Index index & 10% Price of Gold 2.00 2.00

0.00 0.00 2011-12 2012-13 2013-14 2011-12 2012-13 2013-14

Actual expenses for the previous Financial Year ended Actual expenses for the previous Financial Year ended (ii) Recurring Please refer to March 31, 2014 (Audited): i) Non Direct Plan: 2.05% P. A. Please refer to March 31, 2014 (Audited): i) Non Direct Plan: 2.42% P. A. expenses (% of page 15-16 for ii) Direct Plan: 1.74% P. A. page 15-16 for ii) Direct Plan: 2.08% P. A. weekly average Note: Does not include additional charged (if any) towards Service Tax Note: Does not include additional charged (if any) towards Service Tax net assets) details on investment and advisory fees & inflows from beyond top 15 cities. details on investment and advisory fees & inflows from beyond top 15 cities. Waiver of Load for Direct Applications: Not applicable Please refer to page 14 for details. Tax Treatment for the investors: Investor is advised to refer to the details in the Statement of Additional Information and also independently refer to his tax advisor. Daily Net Asset Value (NAV) Publication: Please refer to page 14 for details. For Investor Grievances please contact: Please refer to page 15 for details. Unitholders' Information: Please refer to page 15 for details. AAUM and Folio (a) Non Direct Plan: Rs. 914.23 Crores 4,948 (a) Non Direct Plan: Rs. 49.53 Crores 1,716 (as on December 31, 2014) AAUM: Folio: AAUM: Folio: (b) Direct Plan: AAUM: Rs. 5.13 Crores Folio: 103 (b) Direct Plan: AAUM: Rs. 0.11 Crores Folio: 21 Investment Strategy & Risk Measures: Please refer to pages 10-13 for details. 6 KEY INFORMATION MEMORANDUM

Scheme Name KOTAK LIQUID KOTAK GOLD FUND An Open - Ended Debt Scheme An open ended Fund of Funds Scheme

To provide reasonable returns and high level of liquidity by investing in debt and money market instruments of The investment objective of the scheme is to generate returns by investing in units of Kotak Gold Exchange Traded Investment different maturities so as to spread risk across different kinds of issuers in the debt markets Funds (ETFs). Objective However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.

Investments Indicative Risk profile Investments Indicative Allocation Asset Allocation allocation (% to net assets) Risk profile Pattern of the Scheme *Debt and money market instruments 100% Low to Medium Units of Kotak Gold ETF 95% to 100% Low (including inter bank call and repo) Reverse repo and /or CBLO and/or short-term 0%- 5% Low fixed deposits and /or money market *Debt securities / instruments are deemed to include securitised debt and investment in instruments and/or Schemes which invest securitised debt will not exceed 50% of the net assets of the Scheme. predominantly in the money market securities • Investments will be made in debt and money market securities with maturity of upto 91 days only. or Liquid Schemes* *The Fund Manager may invest in Liquid Schemes of Kotak Mahindra Mutual Fund. However, the Fund Manager may invest in any other scheme of a mutual fund registered with SEBI, which invest predominantly in the money market securities. When the asset allocation falls outside the range, review and rebalancing will be conducted in conducted in 5 working days. The scheme may either invest directly with the underlying fund i.e. Kotak Gold ETF in creation unit size or through the secondary market or a combination of both depending on the market dynamics keeping investors interest in mind. The scheme will not invest in securitized debt.

Applicable NAV (after the scheme opens for Please refer to page 14 for details. repurchase & sale)

Minimum Initial Investment: Plan A: Rs. 5,000/- and in multiples of Re 1 for purchases and for Re Initial Investment: Rs. 5000/- and in multiples of Rs 1 for purchases and for Re 0.01 for Application 0.01 for switches switches. Plan A: Rs. 1000/- and in multiples of Re. 1 for purchases and for Amount/ Number Additional Investment: Additional Investment: Rs.1000/- and in multiples of Rs 1 for purchases and for Re 0.01 for of Units Re 0.01 for switches. switches. Plan A: Not Available SIP Investment: Rs.1000/- (Subject to a minimum of 6 SIP installments of Rs. 1000/- each) Redemption: If the holding is less than Rs. 1000, after processing the redemption request, SIP Investment: the entire amount/units will be redeemed from the Scheme. Redemption: Rs. 1000 or 100 units, if the holding is less than Rs. 1000 or 100 units, after processing the redemption request, the entire amount/units will be redeemed from the Scheme. Despatch of Repurchase Within 10 working days of the receipt of the redemption request at the authorised centre of the Kotak Mutual Fund. (Redemption) Request CRISIL Liquid Fund Index Benchmark Index Price of physical gold

Dividend Policy Daily, Weekly (Every Monday) Trrustee'sustee's DiscrDiscreetiontion.. PleasePlease r reeferfe rto to page page 13 11 for fo rdetails. details.

Name of the Mr. Deepak Agrawal & Mr. Abhishek Bisen Mr. Abhishek Bisen Fund Managers Name of the Kotak Mahindra Trustee Company Limited Kotak Mahindra Trustee Company Limited Trustee Company Compounded Performance of the scheme as on December 31, 2014 Performance of the scheme as on December 31, 2014 Annualised Kotak Liquid CRISIL Liquid Returns (%) Kotak Gold Fund - Growth Prices of Gold Plan A - Growth Fund Index Last 1 year 9.09 9.21 -9.98 1.94

Last 3 years 9.33 8.91 -2.66 -0.34

Last 5 years 8.49 8.00 N.A. 9.89

Since Inception 7.43 6.81 4.63 7.14

Inception Date Plan A - November 4, 2003 March 25, 2011

Performance as on Absolute Returns (%) for each financial year for the last 5 years Absolute Returns (%) for each financial year for the last 3 years March 31, 2014 10.00 35.00 9.45 9.46 32.92 9.39 9.29 Kotak Liquid 31.58 9.00 Kotak Gold Fund - Growth 8.47 30.00 8.22 Plan A - Growth* 8.00 25.00 Prices of Gold

7.00 6.57 CRISIL Liquid

6.21 20.00 6.00 Fund Index 15.00 4.66

5.00 ns % 10.00 7.14

4.00 3.69 ns %

5.00 3.30 3.00 Retur 0.00 Retur 2.00

-5.00 1.00

-10.00 -3.20

0.00 -4.45 2009-10 2010-11 2011-12 2012-13 2013-14 2011-12 2012-13 2013-14

*All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Past Performance may or may not be sustained in future. Expenses of the Continuous Offer Continuous Offer Scheme Entry Load: Nil Entry Load: Nil • Exit Load: (1) For exit within 6 months from the date of allotment of units: (i) Load Structure 2%. (2) For exit after 6 months and before 1 year from the date of allotment of units: 1%. (3) Exit Load: Nil For exit after 1 year from the date of allotment of units: Nil (4) Any exit load charged (net off Service Tax, if any) shall be credited back to the Scheme. Note: Of the exit load or CDSC, a Note: Bonus units and units issued on reinvestment of dividends shall not be subject to entry maximum of 1% of the redemption proceeds shall be maintained in a separate account which and exit load. can be utilized towards payment of commissions to the distributors and towards meeting the sales and marketing expenses. Any balance in excess shall be credited to the scheme immediately.Note: Bonus units and units issued on reinvestment of dividends shall not be Actual expenses for the previous Financial Year ended subject to entry and exit load. (ii) Recurring March 31, 2014 (Audited): i) Plan A: 0.25% P. A. Actual expenses for the previous Financial Year ended expenses (% of Please refer to ii) Plan A Direct: 0.21% P. A. Please refer to March 31, 2014 (Audited): i) Non Direct Plan: 0.70% P. A. weekly average page 15-16 for Note: Does not include additional charged (if any) towards Service Tax page 15-16 for ii) Direct Plan: 0.50% P. A. net assets) Note: Does not include additional charged (if any) towards Service Tax details on investment and advisory fees & inflows from beyond top 15 cities. details on investment and advisory fees & inflows from beyond top 15 cities. Waiver of Load for Direct Applications: Not applicable Please refer to page 14 for details. Tax Treatment for the investors: Investor is advised to refer to the details in the Statement of Additional Information and also independently refer to his tax advisor. Daily Net Asset Value (NAV) Publication: Please refer to page 14 for details. For Investor Grievances please contact: Please refer to page 15 for details. Unitholders' Information: Please refer to page 15 for details.

AAUM and Folio (a) Plan A AAUM: Rs. 4193.10 Crores Folio: 2,448 (a) Non Direct Plan: AAUM: Rs. 249.55 Crores Folio: 52,291 (as on December 31, 2014) (b) Plan A Direct Plan: AAUM: Rs. 3649.80 Crores Folio: 451 (b) Direct Plan: AAUM: Rs. 3.62 Crores Folio: 1,402

Investment Strategy & Risk Measures: Please refer to pages 10-13 for details. Note - With effect from October 1, 2012 the scheme features of Kotak Liquid has been changed. For more details please refer page 14. 7 KEY INFORMATION MEMORANDUM

KOTAK LOW DURATION FUND (formerly known as PineBridge India Short Term Fund) Scheme Name An Open - Ended Debt Scheme

Investment The primary objective of the Scheme is to generate income through investment primarily in low duration debt & money market securities. There is no assurance or guarantee that the investment Objective objective of the scheme will be achieved.

Asset Allocation The asset allocation under the Scheme, under normal circumstances, will be as follows: Pattern of the Scheme Investment Profile Indicative Allocation Risk Profile Debt and money market instruments with maturity upto 1 year* 85% to 100% Low

Debt instruments with maturity above 1 year * 0% to 15% Low to Medium

*Debt & money market instruments shall be deemed to include securitised debt and investment in securitised debts shall not exceed 50% of the net assets of the Scheme. The Fund shall in normal circumstances have a modified duration not exceeding 12 months and is not likely to go below 6 months. Note: The asset allocation shown above is indicative and may vary accor ding to circumstances at the sole discretion of the Fund Manager, on defensive consideration or according to the interest rate view of the Fund Manager. The composition may change due to purchases and redemption of units or during adjustment of the average maturity of investments. Should the asset allocation go outside the limits specified, rebalancing would be conducted within 30 days. Where the portfolio is not rebalanced within 30 Days, justification for the same shall be placed before the Investment Committee and reasons for the same shall be recorded in writing. The Investment committee shall then decide on the course of action. However, at all times the portfolio will adhere to the overall investment objective of the Scheme.

Despatch of Repurchase Within 10 working days of the receipt of the redemption request at the authorised centre of the Kotak Mutual Fund. (Redemption) Request Benchmark Index Crisil Liquid Fund Index • Dividend Payout Option: Monthly – 12th of every month Dividend Policy • Dividend Reinvestment - Weekly – Every Monday and Monthly – 12th of Every Monday. (If the record date is not a Business Day, the immediately following Business Day will be the record date)

Name of the Mr. Abhishek Bisen and Mr. Deepak Gupta Fund Managers Name of the Kotak Mahindra Trustee Company Ltd. Trustee Company Compounded Performance of the scheme as on December 31, 2014 Annualised Returns (%) Kotak Low Duration Fund* Crisil Liquid Fund Index

Last 1 year 9.44 10.47

Last 3 years 8.74 9.27

Last 5 years 8.06 8.06

Since Inception 7.87 8.10

Inception Date August 14, 2013 *Formerly known as "PineBridge India Short Term Fund” Absolute Returns (%) for each financial year for the last 5 years 12.00 9.89

10.00 9.93 9.05 8.78 8.28

8.00 7.05 6.18

6.08 Kotak Low Duration Fund* 6.00 5.88 5.12

4.00 Crisil Liquid Fund Index

2.00

0.00 2009-10 2010-11 2011-12 2012-13 2013-14

(i) Load Structure Entry Load: Nil Exit Load: Nil Note: Bonus units and units issued on reinvestment of dividends shall not be subject to entry and exit load. Actual expenses for the previous Financial Year ended (ii) Recurring Please refer to March 31, 2014 (Audited): i) Regular: 0.28% P. A.; expenses (% of ii) Direct: 0.25% P. A. weekly average page 15-16 for Note: Does not include additional charged (if any) towards Service Tax net assets) details on investment and advisory fees & inflows from beyond top 15 cities. Waiver of Load for Direct Applications: Not applicable Please refer to page 14 for details. Tax Treatment for the investors: Investor is advised to refer to the details in the Statement of Additional Information and also independently refer to his tax advisor. Daily Net Asset Value (NAV) Publication: Please refer to page 14 for details. For Investor Grievances please contact: Please refer to page 15 for details. Unitholders' Information: Please refer to page 15 for details.

AAUM and Folio a) Non Direct Plan: AAUM: Rs. 121.34 Crores FOLIO: 1027 (as on December 31, 2014) b) Direct Plan: AAUM: Rs. 118.46 Crores FOLIO: 146

Investment Strategy & Risk Measures: Please refer to pages 10-13 for details. *Earlier known as Kotak Mahindra Gilt Savings Scheme - 98 - Savings Plan. Scheme converted to an open ended debt scheme on August 14, 2013

8 KEY INFORMATION MEMORANDUM

KOTAK CORPORATE BOND FUND (formerly known as PineBridge India Total Return Bond Fund) Scheme Name An Open - Ended Debt Scheme

Investment The Fund seeks to generate income and capital appreciation largely through a focus on investments in corporate debt securities. There is no assurance or guarantee that the investment objective of Objective the scheme will be achieved.

Asset Allocation The asset allocation under the Scheme, under normal circumstances, will be as follows: Pattern of the Scheme Investment Profile Indicative Allocation Risk Profile Corporate Debt Securities 80% to 100% Low to Medium

Money Market & Other Instruments 0% to 20% Low

Debt securities/instruments are deemed to include securitised debts and investment in securitised debts shall not exceed 50% of the net assets of the Scheme The Scheme shall not invest in (1) Government securities (2) State Development Loans. Note: The asset allocation shown above is indicative and may vary accor ding to circumstances at the sole discretion of the Fund Manager, on defensive consideration or according to the interest rate view of the Fund Manager. The composition may change due to purchases and redemption of units or during adjustment of the average maturity of investments. Should the asset allocation go outside the limits specified, rebalancing would be conducted within 30 days. Where the portfolio is not rebalanced within 30 Days, justification for the same shall be placed before the Investment Committee and reasons for the same shall be recorded in writing. The Investment committee shall then decide on the course of action. However, at all times the portfolio will adhere to the overall investment objective of the Scheme.

Despatch of Repurchase Within 10 working days of the receipt of the redemption request at the authorised centre of the Kotak Mutual Fund. (Redemption) Request Benchmark Index Crisil Composite Bond Fund Index Dividend Option (Payout and Reinvestment): Monthly – 12th of every month, Quarterly – 20th of March, June, September and December of every Monday. (If the record date is not a Dividend Policy Business Day, the immediately following Business Day will be the record date)

Last 1 year 2.78 2.72

Last 3 years 7.27 8.00

Last 5 years 6.62 6.55

Since Inception 7.20 6.87

Inception Date August 14, 2013 * Formerly known as "PineBridge India Total Return Bond Fund” Absolute Returns (%) for each financial year for the last 5 years 12

10 9.83 9.29 9.24 8.44 8 Kotak Corporate Bond Fund* 6.40 6 6.21 5.12 4.54 4.32 Crisil Composite Bond Fund Index 4 3.69

0 2009-10 2010-11 2011-12 2012-13 2013-14

AAUM and Folio a) Non Direct Plan: AAUM: Rs. 13.73 Crores FOLIO: 297 (as on December 31, 2014) b) Direct Plan: AAUM: Rs. 0.18 Crores FOLIO: 11

9 INVESTMENT STRATEGIES & RISK MEASURES

Kotak Gilt Investment: guidelines and Regulations. Investment Strategy The Scheme predominantly invests in government securities, without any restriction on the maturity The Scheme may invest in any other schemes of the Fund to the extent permitted by the Regulations. of the portfolio. In such an event, the AMC may not charge management fees on the amounts of the Schemes so invested as required by the Regulations. Risk control measures for investment strategy The fund will comply with the prescribed SEBI limits on exposure. Risk is monitored at periodic The Fund may underwrite primary issuances of securities subject to the Regulations. intervals and the portfolio is rebalanced within the specified time period in case of any deviations. Risk mitigation measures for portfolio volatility To avoid duplication of portfolios and to reduce expenses the Scheme may invest in any other scheme The portfolio volatility is managed in line with the objective of scheme. Internal caps on average of the Fund to the extent permitted by the Regulations. In such an event, as per the Regulations, the maturity are defined to keep volatility on account of interest rate risk minimal. The scheme also AMC cannot charge management fees on the amounts of the Schemes so invested. invests predominantly in government securities which don't carry credit risk thereby eliminating the resultant volatility. Portfolio volatility is monitored on a periodic basis relative to the benchmark and The AMC will have an internal policy for selection of assets of the portfolio from time to time taking the peer set. Cap on average maturity also helps reduce volatility. into account multiple ratings, rating migration, credit premium over sovereign risk, general economic Risk mitigation measures for managing liquidity conditions and such other criteria. Such an internal policy from time to time will lay down The scheme invests predominantly in government securities which are actively traded and thereby maximum/minimum exposure for different ratings, norms for investing in unrated paper, liquidity liquid. Reasonable investments are made at the shorter end of the yield curve which is the most norms, and so on. Through such norms, the Scheme is expected to maintain a high quality portfolio actively traded segment in the secondary market .This would help to manage daily liquidity. and manage credit risk well.

Kotak Bond Short Term Kotak Floater Short Term Scheme: Investment Strategy: Investment Strategy The Scheme may invest in listed/unlisted and/or rated/unrated debt or money market instruments As per SEBI circular dated January 19, 2009, ‘liquid fund schemes and plans’ shall mean the schemes such as commercial paper, certificates of deposit, permitted securities under a repo agreement etc., and plans of a mutual fund as specified in the guidelines issued by SEBI in this regard. Effective May 1, Gilts/Government securities, securities issued/guaranteed by the Central/State Governments, 2009 schemes which make investments in debt and money market securities with maturity of upto securities issued by public/private sector companies/corporations, financial institutions, securitised 91 days only shall be known as liquid schemes. Accordingly, keeping in view the definition of liquid debts including mortgage backed securities when permitted. The instruments may carry fixed rate of schemes, Kotak Floater Short Term Scheme is classified as a Liquid Scheme since it is currently return or floating rate of return or may be issued on discount basis. Investments will be made in investing in debt and money market securities with maturity less than 91 days. instruments, which, in the opinion of the Fund Manager, are an acceptable credit risk and where chances of default are at a minimum. The Fund Manager is generally guided, but not restrained, by The Scheme will predominantly invest in floating rate debt securities and money market instruments. the ratings announced by various rating agencies on the assets in the portfolio. Investment in unrated It will also use appropriate derivatives. The strategy is aimed at reducing interest rate risk. debt securities will be made with the prior approval of the Board of the AMC, provided the investment is in terms of the parameters approved by the Board of the Trustee. Where the proposed The debt securities, both floating and fixed rate, will mainly comprise listed / unlisted and/or investment is not within the parameters as mentioned above, approval of the Boards of both the rated/non-rated debt, Gilts/Government securities, securities issued/guaranteed by the Central / AMC and the Trustee will be taken before making the investment. The maturity profile of debt State Governments, securities issued by public/private sector companies / corporations, financial instruments will be selected in accordance with the Fund Manager's view regarding market institutions and/or money market instruments such as commercial paper, certificates of deposit, conditions, interest rate outlook, stability of rating and the liquidity requirement of the Scheme. permitted securities under a repo agreement etc. and the investments will be within the limits The Scheme may invest in call money/term money market in terms of RBI guidelines in this respect. indicated in the Asset Allocation Pattern Table. The Fund Manager may be guided by, but not To avoid duplication of portfolios and to reduce expenses, the Scheme may invest in any other restrained by, the ratings announced by various rating agencies on the assets in the portfolio. The Scheme of the Fund to the extent permitted by the Regulations. In such an event, the AMC cannot maturity profile of debt instruments will be selected in accordance with the Fund Manager's view charge management fees on the amounts of the Scheme so invested as required by the Regulations. regarding market conditions, stability of rating and to a limited extent, interest outlook. The Fund may underwrite primary issuances of securities as permitted under the Regulations. The Scheme may invest in call money/term money market subject to RBI guidelines in this respect. Kotak Mahindra Bond Unit Scheme 99: Investment Strategy Subject to the maximum amount permitted from time to time, the Scheme may invest in offshore The Scheme may invest in listed/unlisted and/or rated/unrated debt or money market securities in the manner allowed by SEBI/RBI provided such investments are in conformity with the instruments/securities, Gilts/Government Securities, securities issued/guaranteed by the investment objective of the Scheme and the prevailing guidelines and Regulations. Central/State Governments, securities issued by public/private sector companies/corporations, financial institutions and/or money market instruments such as commercial paper, certificates of To avoid duplication of portfolios and to reduce expenses, the Scheme may invest in any other deposit, permitted securities under a repo agreement etc., provided the investments are within the scheme of the Fund to the extent permitted by the Regulations. In such an event, the AMC may not limits indicated in the Asset Allocation Pattern Table. The instruments may carry fixed rate of return or charge management fees on the amounts of the Schemes so invested as required by the Regulations. floating rate of return or may be issued on discount basis. Investments are made in such instruments, which, in the opinion of the Fund Manager, are an acceptable credit risk where chances of default are The Fund may underwrite primary issuances of securities subject to the Regulations. at a minimum. The Fund Manager is generally guided by, but not restrained by, the ratings announced by various rating agencies on the assets in the portfolio. The maturity profile of debt Risk control measures for investment strategy instruments is selected in accordance with the Fund Manager's view regarding market conditions, The fund will comply with the prescribed SEBI limits on exposure. Risk is monitored at periodic interest rate outlook and stability of rating. The Scheme may invest in call money/term money market intervals and the portfolio is rebalanced within the specified time period in case of any deviations. in terms of RBI guidelines in this respect. Investment in unrated debt securities is made with the prior Risk mitigation measures for portfolio volatility approval of the Board of the AMC, provided the investment is in terms of the parameters approved The portfolio volatility is managed in line with the objective of scheme. Internal caps on average by the Board of the Trustee. Where the proposed investment is not within the parameters as maturity are defined to keep volatility on account of interest rate risk minimal. The scheme also invests a mentioned above, approval of the Boards of both the AMC and the Trustee is taken before making significant portion in high credit quality papers to mitigate credit risk and the resultant volatility. Portfolio the investment. volatility is monitored on a periodic basis relative to the benchmark and the peer set. Risk mitigation measures for managing liquidity To avoid duplication of portfolios and to reduce expenses, the Scheme may invest in any other The very nature of the scheme is such that it is subject to liquidity risk. To manage liquidity, sufficient scheme of the Fund to the extent permitted by the Regulations. In such an event, as per the investments are made in overnight assets to ensure daily liquidity. Investments are also made in Regulations, the AMC cannot charge management fees on the amounts of the Schemes so invested. maturity buckets to provision for unforeseen outflows.

The Fund may underwrite primary issuances of securities subject to the Regulations. Kotak Monthly Income Plan: Investment Strategy To reduce the risk of the portfolio, the Scheme may also use various derivative and hedging products The investment strategy is aimed at generating regular returns by investing in debt securities and at from time to time, in the manner permitted by SEBI. the same time attempting to enhance returns through investments in equity and equity related instruments. Subject to the maximum amount permitted from time to time, the Scheme may invest in offshore debt securities, in the manner allowed by SEBI/RBI, provided such investments are in conformity with a. Debt Portion the investment objective of the Scheme and the prevailing guidelines and Regulations. Investments may be made in such instruments, which, in the opinion of the Fund Manager, are of Risk control measures for investment strategy acceptable credit risk where chances of default are at a minimum. The Fund Manager may generally The fund will comply with the prescribed SEBI limits on exposure. Risk is monitored at periodic be guided by, but not restrained by, the ratings announced by various rating agencies on the assets in intervals and the portfolio is rebalanced within the specified time period in case of any deviations. the portfolio. The maturity profile of debt instruments may be selected in accordance with the Fund Risk mitigation measures for portfolio volatility Manager's view regarding market conditions, interest rate outlook and stability of rating. The portfolio volatility is managed in line with the objective of scheme. Duration is managed actively after considering various factors affecting interest rates. The scheme also invests a significant portion Emphasis may be given to choosing securities, which, in the opinion of the Fund Manager, are less in high credit quality papers to mitigate credit risk and the resultant volatility. Portfolio volatility is prone to default risk, while bearing in mind the liquidity needs arising out of the open-ended nature monitored on a periodic basis relative to the benchmark and the peer set. of the Scheme. Risk mitigation measures for managing liquidity Reasonable investments are made at the shorter end of the yield curve which is the most actively The Scheme is not restrained from investing in listed/unlisted and / or rated / unrated debt securities, traded segment in the secondary market .This would help to manage daily liquidity. The internal Gilts / Government Securities, securities issued/guaranteed by the Central / State Governments, investment parameters also take into cognizance liquidity of the portfolio. securities issued by public / private sector companies / corporations, financial institutions and / or money market instruments such as commercial paper, certificates of deposit, permitted securities Kotak Treasury Advantage Fund under a repo agreement etc., provided the investments are within the limits indicated in the Asset (formerly known as Floater Long Term Scheme) Allocation Pattern Table. The instruments may carry fixed rate of return or floating rate of return or Investment Strategy: may be issued on discount basis. The Scheme may invest in call money / term money market in terms The Scheme will predominantly invest in floating rate debt securities and money market instruments. of RBI guidelines in this respect. Investment in unrated debt securities will be made with the prior It will also use appropriate derivatives. The strategy is aimed at reducing interest rate risk. approval of the Board of the AMC, provided the investment is in terms of the parameters approved by the Board of the Trustee. Where the proposed investment is not within the parameters as The debt securities, both floating and fixed rate, will mainly comprise listed/unlisted and/or mentioned above, approval of the Boards of both the AMC and the Trustee will be taken before rated/non-rated debt, Gilts/Government securities, securities issued/guaranteed by the Central/State making the investment. Governments, securities issued by public/private sector companies/corporations, financial institutions and/or money market instruments such as commercial paper, certificates of deposit, The AMC will have an internal policy for selection of assets of the portfolio from time to time, taking permitted securities under a repo agreement etc. and the investments will be within the limits into account multiple ratings, rating migration, credit premium over sovereign risk, general economic indicated in the Asset Allocation Table. The Fund Manager may be guided by, but not restrained by, conditions and such other criteria. Such an internal policy from time to time will lay down the ratings announced by various rating agencies on the assets in the portfolio. The maturity profile maximum/minimum exposure for different ratings, norms for investing in unrated paper, liquidity of debt instruments will be selected in accordance with the Fund Manager's view regarding market norms and so on. Through such norms, the Scheme is expected to maintain a high quality portfolio conditions, stability of rating and to a limited extent, interest rate outlook. The Scheme may invest in and manage credit risk well. call money/term money market in terms of RBI guidelines in this respect. Investment in unrated debt securities will be made with the prior approval of the Board of the AMC, provided the investment is in b. Equity Portion terms of the parameters approved by the Board of the Trustee. Where the proposed investment is not The investment strategy of the AMC will be directed to investing in stocks as indicated in the Asset within the parameters as mentioned above, approval of the Boards of both the AMC and the Trustee Allocation Pattern Table, which, in the opinion of the Fund Manager, are priced at a material discount will be taken before making the investment. to their intrinsic value. Such intrinsic value will be a function of both past performance and future growth prospects. The process of discovering the intrinsic value will be through in-house research, The Scheme may invest in call money/term money market subject to RBI guidelines in this respect. supplemented by research available from other sources.

The Scheme may invest in offshore securities in the manner permitted by SEBI/RBI provided such The equity portfolio may not be fully diversified at all points of time as the Fund Manager may restrict investments are in conformity with the investment objective of the Scheme and the prevailing investments in a few select companies.

10 INVESTMENT STRATEGIES & RISK MEASURES (Cont.)

scheme would therefore seek to take position in the 6 month asset. Likewise a rating migration view may To avoid duplication of portfolios and to reduce expenses, the Scheme may invest in any other be taken by the fund manager which could warrant him to take position in the respective credit. scheme of the Fund to the extent permitted by the Regulations. In such an event, as per the Regulations, the AMC cannot charge management fees on the amounts of the Schemes so invested. Similarly food bonds which are backed by Government of India guarantee, tend to trade at spreads higher than Convertible Debentures (CDs) of similar maturities state development loans also are The Fund may underwrite primary issuances of securities subject to the Regulations. currently trading at a higher spread (currently 75-100 bps over central government debt) and with state finances improving a case for compression may not be ruled out. The Scheme may invest in ADRs/GDRs or other offshore securities. The Scheme may also use various derivative and hedging products from time to time, in the manner permitted by SEBI. Securitized debt comprising of single loan PTCs tend to offer a premium over debentures.

Risk control measures for investment strategy For evaluating debt investments, the overall marco economic environment, the business the The fund will comply with the prescribed SEBI limits on exposure. Risk is monitored at periodic company belongs to and the overall growth prospects for the company will be evaluated. Statistical intervals and the portfolio is rebalanced within the specified time period in case of any deviations. ratios like debt equity, Return on net worth, debt servicing ability etc will also be monitored to aid the Risk mitigation measures for portfolio volatility investment decision. The portfolio volatility is managed in line with the objective of scheme. The scheme predominantly invests in debt and money market instruments with a marginal exposure to equities thus reducing the The credit committee has laid down internal norms which need to be adhered to by the fund overall volatility. Internal caps on average maturity are defined to keep volatility on account of interest manager before investing in any debt instrument. The overall view on interest rate going forward rate risk minimal. The scheme also invests a significant portion in high credit quality papers to would determine the duration of the portfolio. mitigate credit risk and the resultant volatility. The equity component of the portfolio is adequately diversified to mitigate volatility caused on account of concentration. Portfolio volatility is monitored However, there is no assurance or guarantee that the investment objective of the scheme will be on a periodic basis relative to the benchmark and the peer set. achieved. Risk mitigation measures for managing liquidity Reasonable investments are made at the shorter end of the yield curve which is the most actively Risk Control Measures for investment strategy traded segment in the secondary market .This would help to manage daily liquidity. The internal The investment committee would endeavor to review the portfolio composition and its strategy on a investment parameters also take into cognizance liquidity of the portfolio. On the equity side, all periodic basis and suggest corrective measures, if any. guidelines specified by internal risk management with respect to historical liquidity would be Risk Mitigation measures for portfolio volatility followed. The liquidity would be monitored on a periodic basis and corrective action taken if The fund is not likely to be a very high churn portfolio as the fund manager would seek to identify necessary. relatively high on accrual assets. Hence the volatility element in the portfolio is not expected to be very significant. This does not obviously include the portfolio churn on account of underlying investor Kotak Flexi Debt Scheme: transactions of purchase / redemptions etc. Investment Strategy Risk mitigation measures for managing liquidity The investment strategy is aimed at maximising returns through an active management of a portfolio The scheme proposes to invest at least 35% of its corpus in upto 1year assets. This segment is the of debt and money market securities. most liquid segment the debt secondary market and can be liquidated in case of unusual redemptions from the fund. The Fund Manager would endeavour to manage the portfolio actively among debt securities such as Government Securities, Corporate Bonds and Money Market instruments depending on the view on Kotak Multi Asset Allocation Fund: the interest rates and corporate spreads. In order to be able to churn the portfolio actively, focus Investment Strategy would be on investing in securities having high liquidity. To achieve the investment objective, the investment strategy would be directed to investing in debt and money market instruments, equity and equity related instruments, and units of Gold ETFs as The Scheme returns consist of the returns on account of coupon accrual and capital gains. The value indicated in the Asset Allocation Pattern. of debt securities is inversely related to the interest rate movements. When interest rates rise the value of the debt security falls and when interest rates fall the value of debt security rise. The degree Investments in debt instruments would be in securities, which, in the opinion of the Fund Manager, are of rise or fall in the value of such security is generally related directly to the maturity of the security. of acceptable credit risk where chances of default are at a minimum. The Fund Manager may generally be guided by, but not restrained by, the ratings announced by various rating agencies on the assets in the The Government securities dominate the fixed income market in the country. This provides portfolio. The maturity profile of debt instruments may be selected in accordance with the Fund significant trading opportunities in the government securities across the yield curve. The corporate Manager's view regarding market conditions, interest rate outlook and stability of rating. bond market volumes too have picked up after the dematerialisation of corporate debt. Normally the corporate bonds trade at a yield spread to the government security. This spread is the risk premium The scheme may invest in equity & equity related instruments, which in the opinion of the Fund that the corporates have to pay over the zero sovereign risk. These spreads vary according to the Manager, are priced at a material discount to their intrinsic value. Such intrinsic value will be a function of credit rating and offer trading opportunities. The compression of these spreads over the underlying both past performance and future growth prospects. The process of discovering the intrinsic value will be government security lead to a higher return in the corporate bonds than the return available in the through in-house research, supplemented by research available from other sources. Government security. The Scheme will invest in debt securities comprising listed/unlisted and/or rated/non-rated debt, Investment in gold would be in units of Gold ETFs, which follows a passive investment strategy either Gilts/Government securities, securities issued/guaranteed by the Central/State Governments, directly or through the secondary market. Investments will be made in Gold ETF's based on securities issued by public/private sector companies/corporations, financial institutions and/or money considerations of price, tracking error, performance , portfolio , expense ratio, materiality of market instruments such as commercial paper, certificates of deposit, permitted securities under a differences etc., based on the judgment of the fund manager The scheme may also invest in Kotak repo agreement etc. and the investments will be within the limits indicated in the Asset Allocation Gold ETF, subject to investment restrictions. Pattern Table. The Fund Manager may be guided by, but not restrained by, the ratings announced by various rating agencies on the assets in the portfolio. The maturity profile of debt instruments will be Allocation to various asset classes reduces the overall risks of the portfolio. Historically it is observed selected in accordance with the Fund Manager's view regarding market conditions, stability of rating that gold has a negative or very low co-relation with asset classes like equity and debt. Asset and interest rate outlook. allocation thus diversifies the underlying portfolio risk.

Investments in unrated debt securities will be made with prior approval of the Board of the AMC, The Scheme may use derivative instruments such as index futures, stock futures, index options, stock provided the investment is in terms of the parameters approved by the Board of Trustees. Where the options, warrants, convertible securities, swap agreements or any other derivative instruments that proposed investment is not within the parameters as mentioned above, approval of the Boards of are permissible or may be permissible in future under applicable regulations, as would be both the AMC and the Trustee will be taken before investing. commensurate with the investment objective of the Scheme.

To avoid duplication of portfolios and to reduce expenses, the Scheme may invest in any other Risk Control Measures for investment strategy scheme of the Fund to the extent permitted by the Regulations. In such an event, as per the As per the investment strategy, predominant allocation is to debt and money market instruments, Regulations, the AMC cannot charge management fees on the amounts of the Schemes so invested, which as an asset class as such has a low risk profile. Also maximum allocation to riskier assets like unless permitted by the Regulations. equity is capped at 20%. The internal investment committee would endeavor to review the portfolio composition and its strategy on a periodic basis and suggest corrective measures, if any. The Fund may underwrite primary issuances of securities subject to the Regulations. Risk Mitigation measures for portfolio volatility For the debt part of portfolio, the fund manager would seek to identify assets those are relatively high Subject to the maximum amount permitted from time to time, the Scheme may invest in offshore on accrual and those of high credit quality. Hence the volatility element in the portfolio is not debt securities, in the manner allowed by SEBI/RBI, provided such investments are in conformity with expected to be very significant. The scheme also has allocation to gold. Gold has very low or negative the investment objectives of the Scheme and the prevailing guidelines and Regulations. To reduce the co-relation to other asset classes hence the overall risk gets diversified. risk of the portfolio, the Scheme may also use various derivative and hedging products from time to Risk mitigation measures for managing liquidity time, in the manner permitted by SEBI. Money market instruments are fairly liquid. The scheme would endeavor to invest in high quality debt instruments which can be easily traded. On the equity side, liquidity of stocks in the portfolio would The AMC will have an internal policy for selection of assets of the portfolio from time to time, taking be monitored on a periodic basis based on last three months average turnover in the stocks. into account multiple ratings, rating migration, credit premium over sovereign risk, general economic Corrective action if necessary would be taken based on such monitoring. Liquidity in Gold ETFs can conditions and such other criteria. Such an internal policy from time to time will lay down be managed by engaging authorised participants appointed by the asset management company maximum/minimum exposure for different ratings, norms for investing in unrated paper, liquidity managing such schemes. norms and so on. Through such norms, the Scheme is expected to maintain a high quality portfolio and manage credit risk well. Kotak Mahindra Liquid Scheme: Investment Strategy Risk control measures for investment strategy As per SEBI circular dated January 19, 2009, ‘liquid fund schemes and plans’ shall mean the schemes The fund will comply with the prescribed SEBI limits on exposure. Risk is monitored at periodic and plans of a mutual fund as specified in the guidelines issued by SEBI in this regard. Effective May 1, intervals and the portfolio is rebalanced within the specified time period in case of any deviations. 2009 schemes which make investments in debt and money market securities with maturity of upto Risk mitigation measures for portfolio volatility 91 days only shall be known as liquid schemes. Accordingly, keeping in view the definition of liquid The portfolio volatility is managed in line with the objective of scheme. Internal caps on average schemes, Kotak Liquid Scheme is classified as a Liquid Scheme since it is currently investing in debt maturity are defined to keep volatility on account of interest rate risk minimal. The scheme also and money market securities with maturity less than 91 days. invests a significant portion in high credit quality papers to mitigate credit risk and the resultant volatility. Portfolio volatility is monitored on a periodic basis relative to the benchmark and the peer set. The Scheme may invest in listed/unlisted and/or rated/unrated debt or money market instruments such as Risk mitigation measures for managing liquidity commercial paper, certificates of deposit, permitted securities under a repo agreement etc., The very nature of the scheme is such that it is subject to liquidity risk. To manage liquidity, sufficient Gilts/Government securities, securities issued/guaranteed by the Central/State Governments, investments are made in overnight assets to ensure daily liquidity. Investments are also made in securities issued by public/private sector companies/corporations, financial institutions, securitised maturity buckets to provision for unforeseen outflows. debts including mortgage backed securities when permitted. The instruments may carry fixed rate of return or floating rate of return or may be issued on discount basis. Investments are made in Kotak Income Opportunities Fund: instruments, which, in the opinion of the Fund Manager, are an acceptable credit risk and where Investment Strategy chances of default are at a minimum. The Fund Manager may be guided by, but not restrained by, the To achieve the investment objective, the scheme would seek to invest in debt instruments of varying ratings announced by various rating agencies on the assets in the portfolio. Investment in unrated credit – investment grade and above with the intent of maximizing yields and at the same time debt securities is made with the prior approval of the Board of the AMC, provided the investment is in ensuring reasonable liquidity. terms of the parameters approved by the Board of the Trustee. Where the proposed investment is not within the parameters as mentioned above, approval of the Boards of both the AMC and the Trustee The objective of the scheme is to try and create a reasonably diversified portfolio comprising debt is taken before making the investment. The maturity profile of debt instruments is selected in instruments like debentures, securitized debt in the form of well seasoned pools / single loan PTCs accordance with the Fund Manager's view regarding market conditions, interest rate outlook, etc. The scheme would also try to capitalize on investment opportunities in debt segment which are stability of rating and the liquidity requirement of the Scheme. currently mispriced, and which in the view of the fund manager has a potential for some rectification. For instance if the current spread between 3 month and 6 month assets say a CD is at 1%. This in the The Scheme may invest in call money/term money market in terms of RBI guidelines in this respect. opinion of the fund manager may be too steep which could see some contraction going forward. The

11 INVESTMENT STRATEGIES & RISK MEASURES (Cont.)

Risk mitigation measures for managing liquidity To avoid duplication of portfolios and to reduce expenses, the Scheme may invest in any other Reasonable investments are made at the shorter end of the yield curve which is the most actively scheme of the Fund to the extent permitted by the Regulations. In such an event, the AMC may not traded segment in the secondary market. This would help to manage daily liquidity. The internal charge management fees on the amounts of the Scheme so invested as required by the Regulations. investment parameters also take into cognizance liquidity of the portfolio.

The Fund may underwrite primary issuances of securities as permitted under the Regulations. Kotak Low Duration Fund (formerly known as PineBridge India Short Term Fund) Subject to the maximum amount permitted from time to time, the Scheme may invest in offshore Investment Strategy: debt securities, in the manner allowed by SEBI/RBI provided such investments are in conformity with This scheme is meant for investors looking at avenues to deploy their surplus funds in primarily debt the investment objective of the Scheme and the prevailing guidelines and Regulations. To reduce the securities and money market instruments with a short term investment horizon. The fund will be risk of the portfolio, the Scheme may also use various derivative and hedging products such as managed according to the investment objective, thereby seek to generate income from a portfolio interest rate swaps, futures, options etc., in accordance with the Regulations. constituted of predominantly short term debt and money market securities.

Risk control measures for investment strategy Investments may be made in such instruments, which, in the opinion of the Fund Manager, are of The fund will comply with the prescribed SEBI limits on exposure. Risk is monitored at periodic acceptable credit risk where chances of default are at a minimum. The Fund Manager may generally intervals and the portfolio is rebalanced within the specified time period in case of any deviations. be guided by, but not restrained by, the ratings announced by various rating agencies on the assets in Risk mitigation measures for portfolio volatility the portfolio. The maturity profile of debt instruments may be selected in accordance with the Fund The scheme invests in money market instruments and securities with a maturity of less than 90 days Manager's view regarding market conditions, interest rate outlook and stability of rating. which are not marked to market hence portfolio volatility on account of interest rate risk is minimal. The scheme also invests a significant portion in high credit quality papers to mitigate credit risk and Emphasis may be given to choosing securities, which, in the opinion of the Fund Manager, are less the resultant volatility. Portfolio volatility is monitored on a periodic basis relative to the benchmark prone to default risk, while bearing in mind the liquidity needs arising out of the open-ended nature and the peer set. of the Scheme. Risk mitigation measures for managing liquidity The Scheme is not restrained from investing in listed/unlisted and / or rated / unrated debt securities, The very nature of the scheme is such that it is subject to liquidity risk. To manage liquidity, sufficient Gilts / Government Securities, securities issued/guaranteed by the Central / State Governments, investments are made in overnight assets to ensure daily liquidity. Investments are also made in securities issued by public / private sector companies / corporations, financial institutions and / or maturity buckets to provision for unforeseen outflows. money market instruments such as commercial paper, certificates of deposit, permitted securities under a repo agreement etc., provided the investments are within the limits indicated in the Asset Kotak Gold Fund: Allocation Table. The instruments may carry fixed rate of return or floating rate of return or may be Investment Strategy issued on discount basis. The Scheme may invest in call money / term money market in terms of RBI To achieve the investment objective, the scheme will predominantly invest in units of Kotak Gold ETF. guidelines in this respect. Investment in unrated debt securities will be made with the prior approval The scheme would also invest in debt and money market instruments as stated in the asset allocation of the Board of the AMC, provided the investment is in terms of the parameters approved by the table. The investment strategy would largely be passive in nature. Board of the Trustee. Where the proposed investment is not within the parameters as mentioned above, approval of the Boards of both the AMC and the Trustee will be taken before making the The AMC shall endeavor that the returns of Kotak Gold Fund will replicate the returns generated by investment. the underlying ETF and is not expected to deviate more than 2%, on an annualized basis net of recurring expenses in the Scheme. This deviation would mostly be on account of receipt of cashflows The AMC will have an internal policy for selection of assets of the portfolio from time to time, taking which currently takes 5 days as per current operational procedures. into account multiple ratings, rating migration, credit premium over sovereign risk, general economic conditions and such other criteria. Such an internal policy from time to time will lay down The table shows below the impact that could happen on fund performance as a result of delay in maximum/minimum exposure for different ratings, norms for investing in unrated paper, liquidity receipt of money and consequent investments in Kotak Gold ETF over previous six months ending on norms and so on. Through such norms, the Scheme is expected to maintain a high quality portfolio 30th May, 2014. and manage credit risk well

Risk control measures for investment strategy % Difference in prices 2 Days 3 Days 4 Days 5 Days 6 Days 7 Days The fund will comply with the prescribed SEBI limits on exposure. Risk is monitored at periodic between 'n' days intervals and the portfolio is rebalanced within the specified time period in case of any deviations. Average -0.23 -0.33 -0.44 -0.53 -0.61 -0.69 Risk mitigation measures for portfolio volatility The portfolio volatility is managed in line with the objective of scheme. The scheme invests Max 2.28 2.14 2.29 2.99 3.14 4 significantly in papers with maturity less than 1 year and as such there would be low interest rate risk. Min -3.92 -4.17 -4.4 -5.43 -6.58 -6.83 The scheme also invests a significant portion in high credit quality papers to mitigate credit risk and the resultant volatility. Portfolio volatility is monitored on a periodic basis relative to the benchmark and the peer set. The assumption is that entire corpus is delayed by the no. of days tabulated above. But in reality, since the daily subscription may not be material to the total corpus of the fund the impact would not be Risk mitigation measures for managing liquidity material. Moreover subscriptions over periods of time would normally be expected to iron out the The nature of the portfolio is such that significant investments are made at the shorter end of the deviations. yield curve which is the most actively traded segment in the secondary market .This would help to manage daily liquidity. The internal investment parameters also take into cognizance liquidity of the The fund would endeavor to maintain the indicated asset allocation as mentioned above. However portfolio. there could be a variance in the asset allocation on account of receipt of cash flows, which on an average takes 5 business days to clear given the existing operational procedure. Kotak Corporate Bond Fund (formerly known as PineBridge India Total Return Bond Fund) Risk Control Measures for investment strategy Investment Strategy: The fund endeavours to invest in Gold ETFs. Since fund manager risk in these schemes is not relevant, The Scheme endeavors to generate returns and capital appreciation by predominantly investing in risk control measures for investment strategy pertain to managing operational risk focused on corporate debt securities of varying maturities across the credit spectrum. The Scheme will seek minimizing tracking error. opportunities across the credit curve and will endeavor to take benefit from superior yield available Risk Mitigation measures for portfolio volatility from time to time. Gold ETFs being passively managed carry lesser risk compared to active management. The underlying The scheme shall not invest in government securities and State Development Loans but may invest in ETF scheme(s) where the fund intends to invest follow the underlying price of gold and therefore the T-Bills, Repo & CBLO upto the limit stated in the asset allocation pattern. level of portfolio volatility would be same as that of the underlying gold price. There is no additional Investments may be made in such instruments, which, in the opinion of the Fund Manager, are of volatility on account of fund manager decision. The fund manager would also endeavour minimal acceptable credit risk where chances of default are at a minimum. The Fund Manager may generally cash levels to keep performance deviation from the underlying ETF's to minimal. be guided by, but not restrained by, the ratings announced by various rating agencies on the assets in the portfolio. The maturity profile of debt instruments may be selected in accordance with the Fund Risk mitigation measures for managing liquidity Manager's view regarding market conditions, interest rate outlook and stability of rating. Gold ETFs invest in physical gold which satisfy the norms of 'Good Delivery' as defined by London Bullion Markets association. Liquidity issues are not envisaged as gold is a globally traded commodity Emphasis may be given to choosing securities, which, in the opinion of the Fund Manager, are less and thereby very liquid. There are also designated Authorised Participants who facilitate liquidity on prone to default risk, while bearing in mind the liquidity needs arising out of the open-ended nature the exchange.' of the Scheme.

Kotak Banking and PSU Debt Fund The Scheme is not restrained from investing in listed/unlisted and / or rated / unrated debt securities, Investment Strategy securities issued by public / private sector companies / corporations, financial institutions and / or The fund would invest in a basket of securities issued by Central and State Governments, and debt & money market instruments such as commercial paper, certificates of deposit, permitted securities money market securities issued by Banks & PSUs. Investments will be made in instruments, which, in under a repo agreement etc., provided the investments are within the limits indicated in the Asset the opinion of the Fund Manager, are an acceptable credit risk and where chances of default are at a Allocation Table. The instruments may carry fixed rate of return or floating rate of return or may be minimum. The predominant investment in debt & money market instruments issued by Banks & issued on discount basis. The Scheme may invest in call money / term money market in terms of RBI PSUs, Government securities, is mainly with the aim of keeping high credit quality of the portfolio. guidelines in this respect. Investment in unrated debt securities will be made with the prior approval Adequate weight age would also be given to liquidity as an investment parameter. of the Board of the AMC, provided the investment is in terms of the parameters approved by the Board of the Trustee. Where the proposed investment is not within the parameters as mentioned To control credit risk, a thorough credit evaluation of the instruments & issuers would be done by the above, approval of the Boards of both the AMC and the Trustee will be taken before making the investment team of the AMC. The Fund Manager is generally guided, but not restrained, by the investment. ratings announced by various rating agencies on the assets in the portfolio. The maturity profile of debt instruments will be selected in accordance with the Fund Manager's view regarding market The AMC will have an internal policy for selection of assets of the portfolio from time to time, taking conditions, interest rate outlook, stability of rating and the liquidity requirement of the fund. into account multiple ratings, rating migration, credit premium over sovereign risk, general economic conditions and such other criteria. Such an internal policy from time to time will lay down However, there is no assurance or guarantee that the investment objective of the scheme will be maximum/minimum exposure for different ratings, norms for investing in unrated paper, liquidity achieved. norms and so on. Through such norms, the Scheme is expected to maintain a high quality portfolio and manage credit risk well. Risk Control Measures for investment strategy The AMC would include ample measures for controlling risks in the portfolio construction process. Risk control measures for investment strategy The risk control process involves reducing risks through diversification of the portfolio, taking care The fund will comply with the prescribed SEBI limits on exposure. Risk is monitored at periodic however not to dilute returns in the process. The fund will comply with the prescribed SEBI limits on intervals and the portfolio is rebalanced within the specified time period in case of any deviations. exposure. Risk is monitored at periodic intervals and the portfolio is rebalanced within the specified Risk mitigation measures for portfolio volatility time period in case of any deviations. The portfolio volatility is managed in line with the objective of scheme. Internal caps on average maturity are defined to keep volatility on account of interest rate risk minimal. The scheme also Risk Mitigation measures for portfolio volatility invests a significant portion in high credit quality papers to mitigate credit risk and the resultant The portfolio volatility is managed in line with the objective of scheme. Thorough credit evaluation of volatility. Portfolio volatility is monitored on a periodic basis relative to the benchmark and the peer the securities intended to be invested in, will be carried out by the AMC, with an endeavor to control set. risks. Rated Debt instruments in which the Scheme invests will be of investment grade as rated by a credit rating agency. The AMC will be guided but not limited by the ratings of Rating Agencies such Risk mitigation measures for managing liquidity as CRISIL, CARE, ICRA and Fitch or any other rating agencies that may be registered with SEBI from Reasonable investments are made at the shorter end of the yield curve which is the most actively time to time. The duration of debt instruments is selected in accordance with the Fund Manager's traded segment in the secondary market .This would help to manage daily liquidity. The internal view regarding market conditions, interest rate outlook and stability of rating. investment parameters also take into cognizance liquidity of the portfolio.

12 RISK FACTOR

Kotak Mahindra Gilt Unit Scheme - Investment Plan: The Portfolio of Gilt Investment Plan will The Scheme may invest in securities which are not listed on the stock exchanges. These comprise predominantly of securities issued by the Central or State Government and to a lessor securities may be illiquid in nature and carry a higher amount of liquidity risk, in comparison to extent Reverse Repo. As such, there would be Zero-Credit Risk. Since there is no restriction on the securities that are listed on the stock exchanges or offer other exit options to the investor. maturity of the securities, there would be moderate to high price risk or interest rate risk. The liquidity and valuation of the Scheme's investments due to its holdings of unlisted Kotak Bond: The Portfolio of Kotak Bond will comprise predominantly of Debt and Money securities may be affected if they have to be sold prior to the target date of Market instruments issued by Corporates, and to a lesser extent those issued by Central or State disinvestment. Governments. As such, there would be Moderate Credit Risk. Since upto 90% of the portfolio The value (price) of gold may fluctuate for several reasons and all such fluctuations will result in may be invested in securities maturing more than one year, there would be moderate to changes in the NAV of units under the scheme. The factors that may affect the price of gold, high Price-risk or Interest-rate risk. among other things, include demand and supply for gold in India and in the global market, Kotak Bond Short Term Plan: The Portfolio of Kotak Bond Short Term Plan will comprise Indian and Foreign exchange rates, Interest rates, Inflation trends, trading in gold, legal predominantly of Debt and Money Market instruments issued by Corporates, and to a lesser restrictions on the movement/trade of gold that may be imposed by RBI, Government extent those issued by Central or State Governments. As such, there would be Moderate Credit of India or countries that supply or purchase gold to/from India, trends and restrictions Risk. Since over 50% of the investment will be in securities maturing in less than one year, on import/export of golden jewellery in and out of India, etc. there would be low Price-risk or Interest-rate risk. As the Gold Exchange Traded Funds (Gold ETFs in which the Scheme will invest) will be Kotak Floater Long Term: The Portfolio of Kotak Floater Long Term Scheme will comprise investing physical gold and gold related instruments, the NAV of the underlying scheme as predominantly of Debt and Money Market instruments issued by Corporates, and to a lesser well as this Scheme will react to the price of gold. The price of gold may vary for several extent those issued by Central or State Governments. As such, there would be Moderate Credit reasons and all such fluctuations will result in changes in NAV of the units of underlying Risk. Since over 65% of the investment will be in securities having floating rates of interest scheme as well as this Scheme. The prices of gold may be affected by several factors or other debt securities having outstanding maturing of upto 182 days, there would be very such as demand and supply of gold in India and in the global market, change in low Price-risk or Interest-rate risk. political, economical environment and government policy, inflation trends, currency Kotak Floater Short Term: The portfolio of Kotak Floater Short Term Scheme will comprise exchange rates, interest rates, perceived trends in bullion prices, restrictions on the predominantly of Debt and Money Market instruments issued by Corporates, and to a lesser movement/trade of gold by RBI, GOI, etc. Absence of adequate liquidity of Gold ETFs extent those issued by Central or State Governments. As such, there would be Moderate Credit units on the stock exchange(s) may impact the cost of purchasing and selling the units Risk. Since over 65% of the investment will be in securities having floating rates of interest of Gold ETFs. or those having outstanding maturing of upto 91 days, there would be very low Price-risk or The funds in which the Scheme invests may not perform in line with the market and may also Interest-rate risk. not achieve its investment objective. In such a situation, the performance of the Scheme could Kotak Monthly Income Plan: The portfolio of Kotak Monthly Income Plan will comprise be affected and its ability to achieve its investment objective may be impaired. predominantly of debt and money market instruments and upto 20% in equity and equity related Kotak Gold Fund instruments. Thus the scheme will have the risks of both the capital markets and the debt markets. • The Scheme will predominantly invest in units of Kotak Gold Exchange Traded Fund. Hence the Kotak Flexi Debt: The Scheme may invest in government securities, corporate bonds and money Scheme's performance may depend upon the performance of the Kotak Gold ETF. Any change market instruments. While the liquidity risk for money market instruments and short maturity in the investment policies or the fundamental attributes of the underlying scheme could affect corporate bonds may be low, it may be high in case of medium to long maturity corporate bonds. the performance of the Scheme. The Scheme may also be exposed to price risk in case of government securities and • The deviation in performance between the scheme & the underlying scheme i.e. Kotak Gold corporate bonds arising out of the interest rate risk. The investments in corporate bonds ETF could also be on account of cash flows which on an average takes 5 days as per current could also lead to a credit risk operational procedure. Kotak Liquid:The portfolio of Kotak Liquid will comprise predominantly of Debt and Money • The investors of the Scheme will bear dual recurring expenses and possibly dual loads, viz, those Market instruments issued by Corporates, and to a lesser extent those issued by Central or State of the Scheme and those of the underlying Scheme. Hence the investor under the Scheme may Governments. As such, there would be Moderate Credit Risk. Also, investment will be in receive lower pre-tax returns than what they could have received if they had invested directly securities at the lower end of the yield curve and as such there would be low Price-risk or in the underlying Schemes in the same proportions. Interest-rate risk. • The Portfolio disclosure of the Scheme will be limited to providing the particulars of the Kotak Income Opportunities Fund: The Portfolio of Kotak Income Opportunities Fund will underlying schemes where the Scheme has invested and will not include the investments made comprise predominantly of Debt and Money Market instruments issued by Corporates/Banks, and by the underlying Schemes. However, as the scheme proposes to invest in Kotak Gold ETF, the to a lesser extent those issued by Central or State Governments. As such, there would be underlying assets will by and large be physical gold. Moderate Credit Risk. Since upto 65% of the portfolio may be invested in securities • The value (price) of gold may fluctuate for several reasons and all such fluctuations will result in maturing more than one year, there would be moderate to high Price-risk or Interest-rate changes in the NAV of units under the scheme. The factors that may affect the price of gold, risk. among other things, include demand and supply for gold in India and in the global market, The market for debt instruments [except for Commercial Papers (CPs) & Convertible debentures Indian and Foreign exchange rates, Interest rates, Inflation trends, trading in gold as (CDs)] are relatively less liquid, which may affect buying and selling of the debt instruments thereby commodity, legal restrictions on the movement/trade of gold that may be imposed by increasing the liquidity risk. However CPs and CDs being money market instruments with RBI, Government of India or countries that supply or purchase gold to/from India, trends investment horizon of less than 1 year, are more liquid in nature and hence significantly and restrictions on import/export of golden jewellery in and out of India, etc. reduce the risk. Securitised debt are relatively more illiquid in nature when compared to • The fund assets are predominantly invested in Kotak Gold ETF and valued at the market price of other debt instruments due to which impact cost may tend to increase. the said units on the principal exchange. The same may be at a variance to the underlying NAV The scheme intends to invest in long dated debt papers, securitized debt and money market of the fund, due to market expectations, demand supply of the units, etc .To that extent the instruments. The levels of liquidity at a relatively low for long dated papers/securitsied instruments performance of scheme shall be at variance with that of the underlying scheme. and short dated papers including money market instruments have relatively higher liquidity. • The endevaour would always be to get cash on redemptions from the underlying funds. Kotak Multi Asset Allocation: However, in case the underlying fund is unable to sell for any reason, and delivers physical gold, The Portfolio of the Scheme will comprise predominantly of Debt and Money Market there could be delay in payment of redemptions proceeds pending such realization. instruments issued by Corporates, and to a lesser extent those issued by Central or State • The fund will subscribe according to the value equivalent to unit creation size as Governments. As such, there would be Moderate Credit Risk. The risks integral to Fixed applicable for Kotak Gold ETF. When subscriptions received are not adequate enough to Income securities are explained in SID. invest in creation unit size, the subscriptions may be deployed in debt and money market Equity and Equity Related Instruments by nature are volatile and prone to price fluctuations on instruments which will have a different return profile compared to gold returns profile. a daily basis due to macro and micro economic factors. The value of Equity and Equity Related Alternatively the ETF units may be acquired from the stock exchanges where the price Instruments may fluctuate due to factors affecting the securities markets such as volume quoted may be at variance with the underlying NAV, resulting in a higher acquisition and volatility in the capital markets, interest rates, currency exchange rates, changes in costs. law/policies of the Government, taxation laws, political, economic or other Kotak Banking & PSU Debt Fund: developments, which may have an adverse impact on individual securities, a specific The Portfolio of Kotak Banking & PSU Debt Fund will comprise predominantly of Debt sector or all sectors. Consequently, the NAV of the Units issued under the Scheme may and Money Market instruments issued by Banks & PSUs and Reverse repos in such be adversely affected. securities, sovereign securities issued by the Central Government and State Further, the Equity and Equity Related Instruments are risk capital and are subordinate in the Governments, and / or any security unconditionally guaranteed by the Govt. of India. As right of payment to other securities, including debt securities. Equity and Equity Related such, there would be low to moderate Credit Risk. Instruments listed on the stock exchange carry lower liquidity risk, however the Scheme's ability to sell these investments is limited by the overall trading volume on the stock Kotak Low Duration Fund exchanges. In certain cases, settlement periods may be extended significantly by (formerly known as PineBridge India Short Term Fund) unforeseen circumstances. The inability of the Scheme to make intended securities The portfolio of Kotak Low Duration Fund would comprise predominantly of debt & money purchases due to settlement problems could cause the Scheme to miss certain market instruments with maturity less than 1 year and would thus have low price risk & investment opportunities. liquidity risk. The scheme may be exposed to price risk for the portion that is invested in Similarly, the inability to sell securities held in the Scheme's portfolio may result, at times, in instruments with more than 1 year maturity. As such there would be moderate credit risk. potential losses to the Scheme, should there be a subsequent decline in the value of securities held in the Scheme's portfolio. Kotak Corporate Bond Fund

13 RISK FACTOR (Cont.)

(formerly known as PineBridge India Total Return Bond Fund) liquidity risk for money market instruments and short maturity corporate bonds may be low, The scheme would invest significantly in corporate bonds across the credit spectrum and it may be high in case of medium to long maturity corporate bonds. The Scheme may also be thus would be exposed to credit risk. As such there would moderate credit risk. While the exposed to price risk in case of corporate bonds arising out of the interest rate risk.

Pursuant to SEBI circular no. CIR/IMD/DF/21/2012 dated September 13, 2012 and Gazette Notification No. 2. All existing SIP/STP falling due from November 1, 2012 under the options in Non Direct Plan will be LAD-NRO/GN/2012-13/17/21502 dated September 26, 2012; following changes are affected to Kotak processed in the same options under Plan A. Bond, Kotak Flexi Debt and Kotak Liquid, wherever applicable, with effect from October 1, 2012. 3. If subscriptions / switch request is received under an option in the Non Direct Plan, the same will be processed under the same option, if any, in Plan A. Kotak Bond: 4. Where the investor has units in both the Non Direct Plan and Plan A at the time of redemption / switch Notes: the investor must submit separate redemption / switch request. 1. w.e.f October 1, 2012, there shall be no fresh subscriptions under the Deposit Plan. Further, the Non Direct Plan, has been renamed as “Plan A”. Kotak Liquid: 2. All existing SIP/STP falling due from November 1, 2012 under the options in Deposit Plan will be Notes: processed in the same options under Plan A. 1. w.e.f October 1, 2012, there shall be no fresh subscriptions under the Regular and Institutional Plans. 3. If subscriptions / switch request is received under an option in the Deposit Plan, the same will be Further, the Institutional Premium Plan, has been renamed as “Plan A”. processed under the same option, if any, in Plan A. 2. If subscriptions / switch request is received under an option in the Non Direct Plan or Institutional Plan, 4. Where the investor has units in both the Deposit Plan and Plan A at the time of redemption / switch the the same will be processed under the same option, if any, in Plan A. investor must submit separate redemption / switch request. 3. Where the investor has units in both the Regular Plan and Plan A at the time of redemption / switch the investor must submit separate redemption / switch request. Kotak Flexi debt: 4. Where the investor has units in both the Institutional Plan and Plan A at the time of redemption / switch Notes: the investor must submit separate redemption / switch request. 1. w.e.f October 1, 2012, there shall be no fresh subscriptions under the Non Direct Plan. Further, the Institutional Plan, has been renamed as “Plan A”.

COMMON INFORMATION TO SCHEME

Waiver of Load for Direct Applications: payable at par at the place where it is received – closing NAV of the next business day. Pursuant to SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009 no entry load Notes: shall be charged for all mutual fund schemes. Therefore, the procedure for waiver of load for 1. It is clarified that switches will be considered as redemption in the switch-out scheme and direct applications is no longer applicable. purchase / subscription in the switch-in scheme considering the value of the transactions. 2. Cheques received on a business day may be deposited with the primary bankers of the respective Daily Net Asset Value (NAV) Publication: The NAV will be declared on all business days and location on the next business day. NAV shall be as per the applicable NAV mentioned above. To will be published in 2 newspapers. NAV can also be viewed on enable early sighting of funds by the schemes, investors are requested to avail of electronic www.assetmanagement.kotak.com and www.amfiindia.com. You can also Contact us on facilities like RTGS / NEFT in respect of subscriptions and submit the proof of transfer of funds our Toll Free No.: 1800222626. alongwith their applications. AMC shall not be responsible for any delay on account of banking clearance or circumstances which are beyond the control of AMC. Monthly Portfolio disclosure: The monthly portfolio of the Schemes shall be available in a user-friendly and downloadable format on the website viz. assetmanagement.kotak.com B. Applicable NAV for Redemption/Switch outs on or before the tenth day of succeeding month. (i) where the application is received upto 3.00 pm – the closing NAV of the day immediately preceding the next business day; and Dividend Policy: (ii) where the application is received after 3.00 pm – the closing NAV of the next business day. Growth Option Under the Growth option, there will be no distribution of income and the return to investors For Kotak Mahindra Liquid Scheme and Kotak Floater Short Term Scheme will be only by way of capital gains, if any, through redemption at applicable NAV of Units held by them. Applicable NAV for Purchases/Switch ins i. In respect of valid applications received upto 2.00 p.m. on a day and the entire amount is Dividend Option available in the mutual fund’s account for utilization before 2.00 p.m. of the same day – Under the Dividend option, the Trustee may at any time decide to distribute by way of dividend, the closing NAV of the day immediately preceding the day of receipt of application; the surplus by way of realised profit and interest, net of losses, expenses and taxes, if any, to ii. In respect of valid applications received after 2.00 p.m. on a day and the entire amount is Unitholders if, in the opinion of the Trustee, such surplus is available and adequate for available in the mutual fund’s account for utilization on the same day – the closing NAV of distribution. The Trustee's decision with regard to such availability and adequacy of surplus, the day immediately preceding the next business day ; and rate, timing and frequency of distribution shall be final. The Trustee may or may not iii. irrespective of the time of receipt of application, where the entire amount is not available distribute surplus, even if available, by way of dividend. for utilization before the cut-off time – the closing NAV of the day immediately preceding The dividend will be paid to only those Unitholders whose names appear on the register of the day on which the funds are available for utilization. Unitholders of the Scheme / Option at the close of the business hours on the record date, which will be announced in advance. The Fund is required to dispatch dividend warrants Applicable NAV for Redemption/Switch outs within 30 days of the date of declaration of the dividend. a) where the application is received upto 3.00 pm – the closing NAV of the day immediately The Dividend Option will be available under two sub-options – the Payout Option and the preceding the next business day ; and Reinvestment Option. b) where the application is received after 3.00 pm – the closing NAV of the next business day. Dividend Payout Option: Unitholders will have the option to receive payout of their dividend by way of dividend warrant or any other means which can be enchased or by way of direct credit Note 1: The cut off time and applicable NAV for redemptions shall remain unchanged. into their account. Note 2: It is clarified that switches will be considered as redemption in the switch out scheme Dividend Reinvestment Option: Under the reinvestment option, dividend amounts will be and \purchase / subscription in the switch in scheme considering the value of the transactions. reinvested in the Dividend Reinvestment Option at the Applicable NAV announced Further, where the AMC or the Registrar has provided a facility to the investors to redeem immediately following the record date. /switchout of the Scheme through the medium of Internet by logging onto specific web-sites However, the Trustees reserve the right to introduce new options and / or alter the dividend or telephone and where investors have signed up for using these facilities, the Applicable payout intervals, frequency, including the day of payout. NAVs will be as provided above.

Applicable NAV (Continuous Offer) for Purchase/ Switch/ Redemption: Uniform process for aggregating split transactions for NAV applicability For Kotak Banking and PSU Debt Fund, Kotak Mahindra Gilt Unit Scheme – Pursuant to AMFI circular no. 135/BP/35/2012-13 dated February 18, 2013, the following Investment Plan, Kotak Mahindra Bond Unit Scheme 99, Kotak Bond Short Term Plan, practice of aggregating split transactions is made applicable from March 4, 2013 and Kotak Monthly Income Plan, Kotak Floater Long Term Scheme Kotak Flexi Debt accordingly the closing NAV of the day on which the funds are available for utilization shall Scheme, Kotak Income Opportunities Fund, Kotak Multi Asset Allocation Fund and be applied where the aggregated amount of investments is Rs. 2 lacs and above: Kotak Gold Fund. On the basis of above AMFI Circular, following points would be applicable to all Open ended A. Applicable NAV for Purchases/Switch ins schemes of (other than Kotak Liquid Scheme and Kotak Floater Short Term Scheme): 1) For amounts greater than or equal to Rs. 2 lakhs: i. In respect of valid applications received upto 3.00 p.m. on a business day and entire a. All transactions received on the same day (as per Time stamp rule). amount is available in the mutual fund’s account for utilization before the cut off time b. Transactions will include purchases, additional purchases, excluding Switches, SIP/STP of the same day – closing NAV of the day of receipt of application; and triggered transactions. ii. In respect of valid applications received after 3.00 p.m. on a business day and the entire c. Aggregations will be done on the basis of investor/s PAN. In case of joint holding, amount is available in the mutual fund’s account for utilization before cut off time of transactions with similar holding structures will be aggregated. the next business day – the closing NAV of the next business day; d. All transactions will be aggregated where investors holding pattern is same as stated iii. Irrespective of the time of receipt of the application where the entire amount is available above, irrespective of whether the amount of the individual transaction is above or below Rs in Mutual fund’s account for utilization before cut off time on any subsequent 2 lacs. business day – units will be allotted at such subsequent business day’s NAV. e. Only transactions in the same scheme will be clubbed. This will include transactions at 2) For amounts less than Rs. 2 lakhs: option level (Dividend and Growth). i. In respect of valid applications received upto 3.00 p.m. with a local cheque or demand f. Transactions in the name of minor received through guardian will not be aggregated draft payable at par at the place where it is received – closing NAV of the day of receipt with the transaction in the name of same guardian. of application; ii. In respect of valid applications received after 3.00 p.m. with a local cheque or demand draft

14 COMMON INFORMATION TO SCHEME (Cont.)

For Investors’ Grievances please contact: code and wish to invest their future installments into the Direct Plan, shall make a written Computer Age Management Services Pvt. Ltd. (Registrar) 178/ 10, M G R Salai, request to the Fund in this behalf. The Fund will take at least 15 days to process such Nungambakkam, Chennai – 600034. Ph. 044 3040 7270 website: www.camsonline.com E- requests. Intervening installments will continue in the Existing Plan. mail: [email protected] In case of (a) and (b) above, the terms and conditions of the existing registered enrolment Kotak Mahindra Asset Mangement Company Limited (Investment Manager) Mr. R. shall continue to apply Chandrasekaran, 6th Floor, Kotak Infinity, Building No. 21, Infinity Park, Off. Western Express Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc Highway, Gen.A.K. Vaidya Marg, Malad (E), Mumbai - 400 097. Ph. 022 6638 4400; Fax : 022 and no commission for distribution of Units will be paid / charged under Direct Plan. 6638 4455; Website: www.assetmanagement.kotak.com; e-mail: [email protected] All other terms & conditions of the Schemes will remain unchanged. Registered Office: 36- 38A, Nariman Bhavan 227, Nariman Point, Mumbai - 400 021 Non Direct Plan and Direct Plan: Unit holder’s Information: Non Direct Plan: This Plan is for investors who wish to route their investment through any Consolidated Accounts Statements: distributor. Pursuant to Regulation 36 of SEBI (Mutual Funds) Regulations, 1996 and amendments thereto, Direct Plan: This Plan is only for investors who purchase /subscribe Units in a Scheme read with SEBI Circular No. Cir/IMD/DF/16/ 2011 dated September 8, 2011; the investor directly with the Fund and is not available for investors who route their investments through whose transaction has been accepted by Kotak Mahindra Asset Management Company a Distributor. Ltd. / Kotak Mahindra Mutual Fund on or after October 1, 2011 shall receive the following: The portfolio of both plans will be unsegregated. 1. On acceptance of the application for subscription, an allotment confirmation specifying the number of units allotted by way of email and/or SMS within 5 Business Days from the date Total Expense Ratio (TER) of receipt of transaction request will be sent to the Unit holders registered e-mail address The maximum total expenses of the schemes under Regulation 52(6)© shall be subject to and/or mobile number. the following limits: 2. A consolidated account statement (CAS) for each calendar month on or before 10th of the succeeding month shall be sent by email (wherever investor has provided email id) or Daily Net Assets (Rs.) % physical account statement where investor has not provided email id., across the First 100 crores 2.25% schemes of the mutual funds, to all the investors in whose folio(s) transaction(s) has/have Next 300 crores 2.00% taken place during the month. Next 300 crores 1.75% 3. For the purpose of sending CAS, common investors across mutual funds shall be identified Balance assets 1.50% by their Permanent Account Number (PAN). 4. In case of a specific request is received from the investors, Kotak Mahindra Asset Management Company Ltd./ Kotak Mahindra Mutual Fund will provide the physical account statement to the investors. Additional expenses which may be charged to the Schemes: 5. The CAS will not be received by the investors for the folio(s) not updated with PAN details. The following additional expenses may be charged to the Schemes under Regulation 52 The Unit holders are therefore requested to ensure that the folio(s) are updated with their (6A), namely- PAN and email id. Such investors will get monthly account statement from Kotak Mutual • Brokerage and transaction costs (including service tax) which are incurred for the Fund in respect of transactions carried out in the schemes of Kotak Mutual Fund during purpose of execution of trade and is included in the cost of investment, not exceeding the month. 0.12 per cent in case of cash market transactions and 0.05 per cent in case of derivatives 6. The statement of holding of the beneficiary account holder for units held in demat will be transactions. Any payment towards brokerage and transaction cost, over and above the sent by the respective DPs periodically. said limits may be charged to the scheme within the maximum limit of Total Expense 7. An Account Statement may be sent to a Unitholder using email. Account Statements to be Ratio (TER) above. issued in lieu of Unit Certificates under the Scheme are non-transferable. These Account • Expenses not exceeding of 0.30 % of daily net assets, if the new inflows from beyond top Statements shall not be construed as proof of title and are only computer printed 15 cities are at least: statements, indicating the details of transactions under the Scheme concerned. (i) 30 % of gross new inflows in the scheme; or 8. Any discrepancy in the Account Statement / Unit Certificate should be brought to the notice of the Fund/AMC immediately. Contents of the Account Statement / Unit Certificate will (ii) 15 % of the average assets under management (year to date) of the scheme; be deemed to be correct if no error is reported within 30 days from the date of Account whichever is higher. Statement / Unit Certificate. Provided that if inflows from such cities is less than the higher of sub-clause (i) or sub- Annual Report or Abridged Summary: clause (ii), such expenses on daily net assets of the scheme shall be charged on Pursuant to SEBI Circular No. Cir/IMD/DF/16/2011 dated September 8, 2011, Annual report or proportionate basis. Abridged Summary will be available on assetmanagement.kotak.com and shall be sent by way Provided further that expenses charged under this clause shall be utilised for distribution of email to the investor’s registered email address or Physical copies (If investor’s email expenses incurred for bringing inflows from such cities. address is not registered), not later than four months after the close of each financial year Provided further that amount incurred as expense on account of inflows from such cities (March 31).The unit holders may request for a physical copy of scheme annual reports or shall be credited back to the scheme in case the said inflows are redeemed within a abridged summary by writing to the Kotak Mahindra Asset Management Company period of one year from the date of investment. Ltd./Investor Service Centre / Registrar & Transfer Agents. The unit holder can get physical • Additional expenses upto 0.20% of daily net assets of the schemes, incurred towards copies of the above mentioned reports at the registered offices at all time. The annual report different heads mentioned under Regulation 52 (2) and 52 (4). shall be displayed on www.assetmanagement.kotak.com. • There is no sub limit on charging of management fee within the limits specified above. The annual recurring expenses will be within the limits Half yearly Financial Results and Portfolio disclosure: The soft copy of unaudited financial Expense Structure for Direct Plan - results shall within one month from the close of each half year i.e. 31st of March and the 30th specified under the SEBI (Mutual Funds) Regulations, 1996. of September, be hosted on the website assetmanagement.kotak.com and will be sent to However, Direct Plan shall have a lower expense ratio than the Non Direct Plan. The expenses AMFI for posting on its website www.amfiindia.com. would exclude distribution expenses, commission, etc and no commission for distribution of Also an advertisement of hosting of the unaudited results shall be published in one English daily Units will be paid / charged under Direct Plan. newspaper circulating in the whole of India and in a newspaper published in the language of Service Tax: the region where the Head Office of the Mutual Fund is situated. Service Tax on investment and advisory fees may be charged to the scheme in addition to the maximum limit of TER as prescribed in Regulation 52(6)©. Service tax on other than Investments under ‘Direct’ investment and advisory fees, if any, shall be borne by the scheme within the maximum limit of TER as per Regulation 52. New Purchases: Investors who wish to invest in the Direct Plan should clearly mention the scheme name as “ - Direct - ” in the application form. The broker code field in the Total Expense Ratio (TER) for Kotak Gold Fund application form shall be blank OR investors can write as “Direct” before submitting the The total expenses of the scheme including weighted average of charges levied by the form to any of the Kotak Mutual Fund branches or CAMS collection points. underlying schemes shall not exceed 1.50% of the daily net assets of the scheme.

Additional Purchases: If the scheme name is clearly written as “ - Direct - ” in the application Additional expenses which may be charged to the Schemes: form, all such transactions will be processed under the Direct Plan. This is irrespective of whether the broker code/existing folio number is mentioned in the application form or not. The following additional expenses may be charged to the Schemes under Regulation 52 (6A), namely- If the scheme name is clearly written as “ -

clause (ii), such expenses on daily net assets of the scheme shall be charged on Scheme Categorisation proportionate basis. Provided further that expenses charged under this clause shall be utilized for distribution Name This product is suitable for investors who are seeking* expenses incurred for bringing inflows from such cities. Kotak Banking • Income over a short to medium term investment horizon Provided further that amount incurred as expense on account of inflows from such cities and PSU Debt • Investment in debt & money market securities of PSUs, Banks & shall be credited back to the scheme in case the said inflows are redeemed within a Fund government securities period of one year from the date of investment. • Additional expenses upto 0.20% of daily net assets of the schemes, incurred towards • Low risk ¢¢ (BLUE) different heads mentioned under Regulation 52 (2) and 52 (4). Kotak Mahindra Income over a long investment horizon Gilt Unit Scheme Investments in sovereign securities issued by the Central and/ or Expense Structure for Direct Plan - The annual recurring expenses will be within the limits - 98 Investment State Government(s) and / or reverse repos in such securities. specified under the SEBI (Mutual Funds) Regulations, 1996. Plan Low risk. ¢¢ (Blue) Kotak Bond Income over a medium term horizon However Direct Plan shall have a lower expense ratio than the Non Direct Plan. The expenses Short Term Plan Investment in debt & money market securities would exclude distribution expenses, commission, etc and no commission for distribution of Low risk. ¢¢ (Blue) Units will be paid / charged under Direct Plan. Kotak Mahindra Income over a long investment horizon Bond Unit Investment in debt & money market securities Total Expense Ratio (TER) for Kotak Banking and PSU Debt Fund Additional expenses which may be charged to the Schemes: Scheme 99 Low risk.¢¢ (Blue) The following additional expenses may be charged to the Schemes under Regulation 52 Kotak Treasury Income over a short term investment horizon (6A), namely- Advantage Fund Investment in debt & money market securities (formerly known Low risk. ¢¢ (Blue) • Brokerage and transaction costs (including service tax) which are incurred for the as Floater Long purpose of execution of trade and is included in the cost of investment, not exceeding Term Scheme) 0.12 per cent in case of cash market transactions and 0.05 per cent in case of derivatives Kotak Floater Income over a short term investment horizon transactions. Any payment towards brokerage and transaction cost, over and above the Short Term investment in floating rate securities, debt & money market said 12 bps and 5bps for cash market transactions and derivatives transactions Scheme securities respectively may be charged to the scheme within the maximum limit of Total Expense Low risk. ¢¢ (Blue) Ratio (TER) as prescribed under regulation 52. Any expenditure in excess of the said Kotak Monthly Income & capital growth over a long term horizon prescribed limit (including brokerage and transaction cost, if any) shall be borne by the Income Plan Investment in a portfolio of debt instruments with a moderate AMC. exposure in equity & equity related instruments • Expenses not exceeding of 0.30 % of daily net assets, if the new inflows from beyond top Medium risk. ¢¢ (Yellow) 15 cities are at least: (iii) 30 % of gross new inflows in the scheme; or Kotak Flexi Debt Income over a medium term investment horizon (iv) 15 % of the average assets under management (year to date) of the scheme; Scheme Investment in debt & money market securities whichever is higher. Low risk. ¢¢ (Blue) Provided that if inflows from such cities is less than the higher of sub-clause (i) or sub- Kotak Income Income over a medium term investment horizon clause (ii), such expenses on daily net assets of the scheme shall be charged on Opportunities Investment in debt & money market securities proportionate basis. Fund Low risk. ¢¢ (Blue) Provided further that expenses charged under this clause shall be utilised for distribution Kotak Multi • Income & capital growth over a long term horizon expenses incurred for bringing inflows from such cities. Asset Allocation • Investment in a portfolio of debt instruments with a moderate Fund exposure in equity & equity related instruments and provides Provided further that amount incurred as expense on account of inflows from such cities diversification by investing in Gold ETFs shall be credited back to the scheme in case the said inflows are redeemed within a Medium risk. ¢¢ (Yellow) period of one year from the date of investment. Kotak Mahindra Income over a short term investment horizon • Additional expenses upto 0.20% of daily net assets of the schemes, incurred towards Liquid Scheme Investment in debt & money market securities different heads mentioned under Regulation 52 (2) and 52 (4). Low risk. ¢¢ (Blue) Expense Structure for Direct Plan - The annual recurring expenses will be within the limits Kotak Gold • Returns in line with physical gold specified under the SEBI (Mutual Funds) Regulations, 1996. Fund • investment in Kotak Gold ETF At least 10% of the TER is charged towards distribution expenses/ commission in the Regular Medium risk. ¢¢ (Yellow) Plan. The TER of the Direct Plan will be lower to the extent of the abovementioned Kotak Low • Regular income over short term distribution expenses/ commission (at least 10%) which is charged in the Non-Direct Plan. Duration Fund • Income by focusing on low duration securities (Formerly known Low risk. ¢¢ (Blue) Service Tax: as PineBridge Service Tax on investment and advisory fees may be charged to the scheme in addition to the India Short Term maximum limit of TER as prescribed in Regulation 52(6)©. Service tax on other than Fund) investment and advisory fees, if any, shall be borne by the scheme within the maximum limit Kotak Corporate • Regular income over short term of TER as per Regulation 52. Bond Fund • Income by investing in fixed income securities of varying maturities (Formerly known Low risk. ¢¢ (Blue) as PineBridge India Total Return Bond Fund) * Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Note: Risk may be represented as: Investors understand that their principal will be at Low risk ¢¢ (Blue), Investors understand that their principal will be at Medium risk ¢¢ (Yellow), Investors understand that their principal will be at High risk ¢¢ (Brown).

16 GUIDELINES FOR FILLING UP THE COMMON APPLICATION FORM

1. GENERAL INFORMATION i. The option of holding units in demat form is not being currently offered for investment in dividend a) Please fill up the Application Form legibly in English in CAPITAL LETTERS. option of schemes/ plans having dividend frequency of less than a month (ie: Investments in all Daily, b) Please read this Memorandum and the respective Offer Document/ SAI/ SID carefully before investing. Weekly and Fortnightly Dividend Schemes cannot be held in Demat mode) Your application for allotment of units in the Scheme(s) is construed to have been made with a full j. In case the application is rejected post banking your payment instrument, the refund instrument will be understanding of the terms and conditions applicable to it and the same is binding on you in respect of sent with the bank details furnished in the investment application form & not as available in the Demat your investment in the Scheme(s). Account, post reconciliation of accounts. c) Application Forms incomplete in any respect or not accompanied by a Cheque/ Demand Draft are liable 5. BANK ACCOUNT DETAILS to be rejected. In case your investment application gets rejected on account of the same being Please furnish the Name of your Bank, Branch and City (i.e clearing circle in which the branch participates), incomplete in any respect, your investment amount would be refunded without interest within 30 days. Account Type and Account Number. This is mandatorily required as per SEBI. Applications without this d) Any correction / over writing in the application form must be signed by the investor. information will be deemed to be incomplete & would be rejected. RTGS IFSC code & NEFT IFSC code e) AMC shall not be responsible for direct credit rejects or / payout delays due to incorect/ incomplete would help us serve you better. information provided by investor. 6. INVESTMENT DETAILS f) Investor shall pay the upfront commission to the AMFI registered distributor directly, based on his a) Please issue a separate Cheque / Demand Draft for each separate Scheme / Plan. assessment of various factors including the services rendered by distributor. b) Cheques should be crossed “A/c Payee Only” and drawn in favour of the Scheme in which you propose g) The distributor shall disclose all commissions (in the form of trail commission or any other mode) payable to invest. to them for the different competing Schemes of various Mutual Funds from amongst which the Scheme c) If you are residing / located in a city / town where we do not have an Official Acceptance Point, please is being recommended to the investor. draw a Demand Draft payable at your nearest city / town where we have an Official Acceptance Point. 2. APPLICANT'S INFORMATION d) Payments by Cash, Stockinvests, Outstation Cheques, Non-MICR Cheques will not be accepted. Post a) If you are already a Unitholder in any scheme of the Fund and wish to make your present investment in dated cheques will not be accepted except for investments made under Systematic Investment Plan. the same Account, please fill in the Name of Sole/First Holder, PAN & Folio No. in Section I, of the e) NRI investors are requested to provide debit certificate from their bank for each investment. Application Form and then proceed to Section XII. Your personal information and bank account details 7. NOMINATION DETAILS indicated for your account would also apply to this investment. a. With effect form April 1, 2011 nomination shall be mandatory for new folios / accounts opened by b) If you are applying for units in Kotak Mahindra Mutual Fund for the first time, please furnish your individual especially with sole holding and no new folios / accounts for individuals in single holding complete postal address with Pin Code (P.O. Box No. not enough) and your Contact Nos. This would help should be opened without nomination. us reach you faster. b. The nomination can be made only by individuals applying for / holding units on their own behalf singly or c) Default option (Common to all Schemes) jointly. Non-individuals including society, trust, body corporate, partnership firm, karta of Hindu Undivided Family, holder of Power of Attorney cannot nominate. Nomination cannot be updated in a Indication not made Default folio held on behalf of minor. Scheme Name As indicated on the Cheque c. Minor(s) can be nominated and in that event, the name, address and signature of the guardian of the Dividend/ Growth Option Growth Option minor nominee(s) shall be provided by the unitholder. d. Nomination can also be in favour of the Central Government, State Government, a local authority, any Sub Options: Dividend Payout / Sub Options: Dividend Payout except in case person designated by virtue of his office or a religious or charitable trust. Dividend Reinvestment of Kotak Bond Short Term Monthly Dividend, e. The Nominee shall not be a trust other than religious and charitable trust, society, body corporate, it will be dividend Reinvestment partnership firm, karta of Hindu Undivided Family, a power of attorney holder. A non-resident Indian can Mode of holding (based on the number of be nominee subject to the exchange control regulations in force, from time to time. Single or Joint applicants/ number of signatures on the form) f. Transfer of unit in favour of Noninee(s) shall be valid discharge by the Asset Management Company against the legal heir. Status of First Applicant g. The cancellation of nomination can be made only by those individuals who hold unit on their behalf (Individual, HUF, Company etc.) Others# singly or jointly. h. On cancellation of nomination, the nomination shall stand rescinded and the Asset Management # Tax rates (including the tax on dividend distribution) wherever applied on ‘others’ by Kotak Mutual Fund Company shall not be under any obligation to transfer the units in favour of the Nominee(s). shall be the same as applicable to a Resident Indian Company i. If there is multiple nomination and the percentage is less than 100% than the balance will be re-balanced to d) Permanent Account Number (PAN) Information (Mandatory) With effect from January 1, 2009 , it is the first unitholder. If percentage is greater than 100% then nomination would be rejected. mandatory for all existing and new investors (including joint holders, guardians of minors and NRIs) to j. Nomination in respect of the units stands rescinded upon the transfer of units. enclose a copy of PAN card to the application for investing in mutual fund Schemes. k. PAN/KYC of POA/Guardian is mandatory, applications without this information will be deemed to be e) Know Your Client (KYC) incomplete & would be rejected. With reference to SEBI Circular MIRSD/Cir-26/2011 dated December 23, 2011, investors may kindly 8. KOTAK FACILITIES note w.e.f. January 1, 2012, it is mandatory for all individual/ non individual investors to be KYC a) If you have an E-Mail address, you can choose to receive E-mail communication from us in lieu of printed Compliant. Investors can approach any SEBI registered KRA for doing KYC. communication. Please furnish your E-Mail ID and indicate the nature of communication you wish to In the event of KYC Form being subsequently rejected for lack of information/ deficiency/insufficiency of receive over E-Mail. mandatory documentation, the investment transaction will be cancelled and the amount may be b) If you wish to view your investments or transact over the Internet / Telephone, please fill in the Internet / redeemed at applicable NAV, subject to payment of exit load, wherever applicable. Phone Transactions Form. You can download the same from www.assetmanagement.kotak.com. f) If you are KYC Complaint, your Change of Address, Change in Name, etc. should be given at KRA for updation. 9. TRANSACTION CHARGES Pursuant to SEBI Circular No. Cir/ IMD/ DF/13/ 2011 dated August 22, 2011, transaction charge per 3.THIRD PARTY PAYMENT Reference to AMFI Best Practice Guidelines Circular No. 16/2010 -11 on Risk Mitigation process agains subscription of Rs. 10,000/- and above be allowed to be paid to the distributors of the Kotak Third Party Cheques in Mutual Fund Subscriptions will not be accepted by the Scheme. Mahindra Mutual Fund products. The transaction charge shall be subject to the following: Definition of Third Party Cheques 1. For existing investors (across mutual funds), the distributor shall be paid Rs. 100/- as Where payment is made through instruments issued from an account other than that of the transaction charge per subscription of Rs.10,000/- & above. beneficiary investor, the same is referred to as Third-Party payment. 2. For first time investors, (across Mutual Funds), the distributor shall be paid Rs. 150/- as In case of a payment from a joint bank account, the first holder of the mutual fund folio has to be one transaction charge for subscription of Rs.10,000/- & above. of the joint holders of the bank account from which payment is made. If this criterion is not fulfilled, 3. The transaction charge shall be deducted by Kotak AMC from the subscription amount & then this is also construed to be a third party payment. paid to the distributor (will be subject to statutory levies, as applicable) & the balance However, afore-mentioned clause of investment with Third-Party Payment shall not be applicable for the amount shall be invested. below mentioned exceptional cases. 4. In case of Systematic Investment Plan(s), the transaction charge shall be applicable only if a. Payment by Parents/Grand-Parents/related persons on behalf of a minor in consideration of natural the total commitment through SIPs amounts to Rs.10,000/- & above. In such cases the love and affection or as gift for a value not exceeding Rs.50,000/- (each regular purchase or per SIP transaction charge shall be recovered in first 3/4 successful installments. installment) However this restriction will not be applicable for payment made by a guardian whose name is registered in the records of Mutual Fund in that folio. Transaction charges shall not be deducted/applicable for: b. Payment by Employer on behalf of employee under Systematic Investment Plans or lump sum / one- (a) Transaction other than purchases/subscriptions such as Switch/Systematic Transfer Plan time subscription, through Payroll deductions. Asset management companies should exercise extra (STP)/ Dividend Transfer Plan (DTP), etc. due diligence in terms of ensuring the authenticity of such arrangements from a fraud prevention and (b) Purchases/Subscriptions made directly with the Fund without any ARN code. KYC perspectives. (c) Transactions carried out through the stock exchange platforms. c. Custodian on behalf of an FII or a client. (d) Distributors who have chosen ‘Opt Out’ of charging the transaction charge. For pre funded instruments such as DD/Pay order it is the onus of the investor to provided adequate supporting documents to prove that such instruments are issued by debiting the first holders account. With reference to SEBI circular no. Cir/IMD/DF/13/2011 dated August 22, 2011 and KMMF notice dated Kotak Mahindra Asset Management Co. Ltd. / Trustee retains the sole and absolute discretion to reject/ not November 1, 2011; distributors shall now have the option to either opt in or opt out of charging transaction process application and refund subscription money if the subscription does not comply with the specified charge based on type of the product. provisions of Payment Instruments 10. Employee Unique Identification Number (EUIN): SEBI has made it compulsory for every employee/ 4. TERMS & CONDITIONS FOR INVESTORS WHO WISH TO HOLD THEIR UNITS IN DEMAT MODE relationship manager/ sales person of the distributor of mutual fund products to quote the EUIN a. The Demat Account Details section on the investment application form needs to completely filled obtained by him/her from AMFI in the Application Form. EUIN would assist in addressing any instance of b. Please ensure that you submit supporting documents evidencing the accuracy of the demat account mis-selling even if the employee/relationship manager/sales person later leaves the employment of the details. Applications received without supporting documents could be processed under the physical distributor. Hence, if your investments are routed through a distributor please ensure that the EUIN is mode. correctly filled up in the Application Form. c. The units will be credited to the Demat Account only post realisation of payment. However, if your distributor has not given you any advice pertaining to the investment, the EUIN box may d. The nomination details as registered with the Depository Participant shall be applicable to unitholders who be left blank. In this case you are required to provide the declaration to this effect as given in the form. have opted to hold units in Demat mode. e. For units held in demat mode, the bank details mentioned on investment application form shall be 11. DECLARATION AND SIGNATURES replaced with the bank details as registered with the Depository Participant. a) Signatures can be in English or in any other Indian language. Thumb impressions must be attested by a f. For units held in demat form, the KYC performed by the Depository Participant of the applicants will be Magistrate or a Notary Public or a Special Executive Magistrate under his/her official seal. considered as KYC verification done by the Trustee / AMC. However, if the transfer of unit to demat b) Applications by minors must be signed on their behalf by their guardians. account is rejected for any reason whatsoever, the transaction will be liable to be rejected if KYC c) If you are investing through your constituted attorney, please ensure that the POA document is signed by performed by KRA is not attached with the investment application form. you and your Constituted Attorney. The signature in the Application Form, then, needs to clearly indicate g. In case of Unit Holders holding units in the demat mode, the Fund will not send the account statement to that the signature is on your behalf by the Constituted Attorney. the Unit Holders. The statement provided by the Depository Participant will be equivalent to the account statement. h. If the investor names and their sequence in the investment application form does not match with the Demat Account details provided therein, the units will not be transferred to the Demat Account & units will be held in physical form.

CHECKLIST investment and Dividend Frequency is Indicated. Please ensure that : nIf units are applied for Jointly, Mode of Operation of account is indicated. F Your Application Form is complete in all respects & signed by all applicants : FYour Investment Cheque / DD is drawn in favour of Scheme / Plan, dated and signed. nName, Address and Contact Details are mentioned in full. FPlease write the Application Number / Folio Number on the face of the cheque (eg. Kotak Liquid - nBank Account Details are entered completely and correctly. 9 digit MICR code / IFSC code / RTGS code 12345/67) of your bank is mentioned in the Application Form. FA cancelled Cheque leaf of your Bank is enclosed in case your investment cheque is not from the same nPermanent Account Number (PAN) of all Applicants is mentioned and necessary documents [refer account. Guidelines 2(d)] are enclosed. FDocuments as listed below are submitted along with the Application Form (as applicable to your nAppropriate Investment Option is selected. If the Dividend Option is chosen, Dividend Payout or Re- specific case)

Documents Companies Trusts Societies Partnership Firms NRIs / PIOs FIIs Investments through Constituted Attorney 1. Resolution / Authorisation to invest ü ü ü ü ü 2. List of Authorised Signatories with Specimen Signature(s) ü ü ü ü ü ü 3. Memorandum & Articles of Association ü 4. Trust Deed ü 5. Bye-Laws ü 6. Partnership Deed ü 7. Notarised Power of Attorney ü 8. Account Debit / Foreign Inward ü ü Remittance Certificate from remitting Bank 9. KYC allotment letter / PAN Proof ü ü ü ü ü ü ü All documents in 1 to 6 above should be originals / true copies certified by the Director / Trustee / Company Secretary / Authorised Signatory / Notary Public. 17 OFFICIAL COLLECTION CENTRES

I. KMAMC AUTHORISED COLLECTION CENTRES

Ahmedabad: 9,10,11- 2nd Floor, Siddhi Vinayak complex, Shivranjani Cross Roads, Satellite, Ahmedabad - 380015 Bangalore: 2nd Floor, Umiya Landmark, 10/7, Lavelle Road, Bangalore - 560001 Bhubaneshwar: 2nd Floor, Building No.24, SCR Janpath, Bapujinagar, Bhubaneswar - 751001 Chandigarh: Sco No 2475- 2476, 1st Floor, Sector 22 C, Chandigarh -160022 Chennai: 1st Floor, Eldorado Building, 112, Nungambakkam High Road, Chennai - 600034 Cochin: Shop No: 56 & 57. 2nd Floor, Jacob DD Mall. M G Road, Shenoy's Junction, Cochin - 682035 Goa: 3rd Floor, Mathias Plaza,18th June Road, Panjim, Goa - 403001 Gurgaon: 2nd Floor, SCO-14, Sector No 14, Gurgaon - 122001 Guwahati: 5th Floor, Amaze Shopping Mall (Above Vishal Mega Mart) A.T.Road, Guwahati - 781001 Hyderabad: Office No. 304, 3rd Floor, Jade Arcade, Paradise Circle, M. G. Road, Hyderabad – 500 003 Jaipur: 202, Mall-21, Opp. Raj Mandir Cinema, Bhagwandas Road, Jaipur - 302001 Jamshedpur: 1st Floor, Sanghi Mansion, Main Road, Sakchi Boulevard Road, Ram Mandir Area, Biustupur, Jamshedpur - 831001 Kanpur: Room No. 107, 1st Floor, Ratan Squire, 14/144 Chunni Ganj, Kanpur - 208001 Kolkata: 1st Floor, Horizon, 57 Chowranghee Road, Kolkata - 700 071 Lucknow: Aryans Business Park, 90 MG Marg, Lucknow - 226 001 Ludhiana: 1st Floor, SCO 20,Feroze Gandhi Market, Ludhiana -141001. Mumbai: 6th Floor, Kotak Infinity, Building No. 21, Infinity Park, Off Western Express Highway, Gen. A K Vaidya Marg, Malad (E), Mumbai - 400097 Mumbai (Nariman Point): 1st Floor, Bakhtawar, 229 Nariman Point, Mumbai - 400021. Mumbai (Thane): Ground Floor, Shop No.2, Ram Rao Sahani Sadan, Kaka Sohni Path, Thane (W)- 400602 Nashik: Shop no.6, Ground Floor, Krishnaratna, Opp. Hotel Potoba, New Pandit Colony, Nashik - 422001 New Delhi: Unit No 9A & 9C, 9th Floor, Vandana Building, Tolstoy Marg, Connaught Place, New Delhi – 110 001 Patna: 204 Shyam Center, Besides Republic Hotel, Exhibition Road, Patna - 800001 Pune: Yeshwant, Office no 31, 3rd Floor, Plot No 37/10 B, Opp Lane no 9, Prabhat Road, Pune 411004. Vadodara: 202, Gold Croft, Opp. Only Parathas Restaurant, Jetalpur Road, Vadodara - 390007.

II. COMPUTER AGE MANAGEMENT SERVICES PRIVATE LIMITED (CAMS) - INVESTOR SERVICE CENTRES Ahmedabad: 402-406, 4th Floor, Devpath Building, Off C G Road, Behind Lal Bungalow, Ellis Bridge, Ahmedabad - 380006. Bangalore: Trade Centre, 1st Floor, 45, Dikensen Road, ( Next to Manipal Centre ), Bangalore - 560042. Bhubaneswar: 3rd Floor, Plot No - 111, Varaha Complex Building, Station Square, Kharvel Nagar, Unit 3, Bhubaneswar - 751001. Chandigarh: Deepak Tower, SCO 154-155, 1st Floor, Sector 17-C, Chandigarh - 160017. Chennai: Ground Floor No.178/10, Kodambakkam High Road, Opp. Hotel Palmgrove, Nungambakkam, Chennai - 600034. Cochin: 1st Floor, K C Centre, Door No. 42/227-B, Chittoor Road, Opp. North Town Police Station, Kacheripady, Cochin - 682018 Coimbatore: Ground Floor, Old No. 66 New No. 86, Lokamanya Street (West), R.S.Puram, Coimbatore - 641002. Durgapur: 3rd Floor, City Plaza Building, City Centre, Durgapur - 713 216. Goa: No.108, 1st Floor, Gurudutta Bldg, Above Weekender, M G Road, Panaji, Goa - 403001. Hyderabad: 208, 2nd Floor, Jade Arcade, Paradise Circle, Secunderabad - 500003. Indore: 101, Shalimar Corporate Centre, 8-B, South tukogunj, Opp.Greenpark, Indore - 452001. Jaipur: R-7, Yudhisthir Marg ,C-Scheme, Behind Ashok Nagar Police Station, 63/ 2, The Mall, Jaipur - 302001. Kanpur: 1st Floor 106 to 108, CITY CENTRE Phase - II, Kanpur - 208001. Kolkata: Saket Building, 44 Park Street, 2nd Floor, Kolkata – 700016. Lucknow: Off No 4,1st Floor,Centre Court Building, 3/c, 5 - Park Road, Hazratganj, Lucknow - 226001. Ludhiana: U/ GF, Prince Market, Green Field, Near Traffic Lights, Sarabha Nagar Pulli, Pakhowal Road, Ludhiana - 141002. Madurai: 86/71A, Tamilsangam Road, Madurai - 625001. Mangalore: No. G 4 & G 5, Inland Monarch, Opp. Karnataka Bank, Kadri Main Road, Kadri, Mangalore - 575003. Mumbai: Rajabahdur Compound, Ground Floor, Opp Allahabad Bank, Behind ICICI Bank, 30, Mumbai Samachar Marg, Fort, Mumbai - 400023. Nagpur: 145 Lendra, New Ramdaspeth, Nagpur - 440010. New Delhi: 7-E, 4th Floor, Deen Dayaal Research Institute Building, Swami Ram Tirath Nagar, Near Videocon Tower, Jhandewalan Extension, New Delhi – 110055. Patna: G-3, Ground Floor, Om Vihar Complex, SP Verma Road, Patna - 800001. Pune: Nirmiti Eminence, Off No. 6, 1st Floor, Opp Abhishek Hotel Mehandale Garage Road, Erandawane, Pune - 411004. Surat: Plot No.629, 2nd Floor, Office No.2-C/2-D, Mansukhlal Tower, Beside Seventh Day Hospital, Opp.Dhiraj Sons, Athwalines, Surat - 395001. Vadodara: 103 Aries Complex, BPC Road, Off R.C. Dutt Road, Alkapuri, Vadodara - 390007. Vijayawada: 40-1-68, Rao & Ratnam Complex, Near Chennupati Petrol Pump, M.G Road, Labbipet, Vijayawada - 520010. Visakhapatnam: 47/ 9 / 17, 1st Floor, 3rd Lane , Dwaraka Nagar, Visakhapatnam - 530016.

III. COMPUTER AGE MANAGEMENT SERVICES PRIVATE LIMITED (CAMS) - TRANSACTION POINT

Agartala : Advisor Chowmuhani, (Ground Floor), Krishnanagar, Agartala - 799001. Agra : No.8, 2nd Floor, Maruti Tower, Sanjay Place, Agra - 282002. Ahmednagar : B, 1+3, Krishna Encloave Complex, Near Hotel Natraj, Nagar-Aurangabad Road, Ahmednagar - 414001. Ajmer : AMC No. 423/30, New Church Brahampuri, Opp T B Hospital, Jaipur Road, Ajmer - 305001. Akola : Opp. RLT Science College, Civil Lines, Akola - 444001. Aligarh : City Enclave, Opp. Kumar Nursing Home, Ramghat Road, Aligarh - 202001. Allahabad : 30/2, A&B, Civil Lines Station, Besides Vishal Mega Mart, Strachey Road, Allahabad - 211001. Alleppey : Doctor's Tower Building, Door No. 14/2562, 1st floor, North of Iorn Bridge, Near Hotel Arcadia Regency, Allppey - 688 001. Alwar : 256A, Scheme No 1, Arya Nagar, Alwar - 301001. Amaravati : 81, Gulsham Tower, 2nd Floor, Near Panchsheel Talkies, Amaravati - 444601. Ambala : Opposite PEER, Bal Bhavan Road, Ambala - 134003. Amritsar : SCO - 18J, 'C' BLOCK RANJIT AVENUE, Amritsar - 140001. Anand : 101, A P Tower, Behind Sardhar Gunj, Next to Nathwani Chambers, Anand - 388001. Anantapur : 15-570-33, I Floor Pallavi Towers, Subash Road, Opp:Canara Bank Anantapur - 515 001 Andhra Pradesh. Ankleshwar : G-34, Ravi Complex, Valia Char Rasta, G I D C, Bharuch, Ankleshwar - 393002. Asansol : Block - G, 1st Floor, P C Chatterjee Market Complex, Rambandhu Talab, P O Ushagram, Asansol - 713303. Aurangabad : Office No. 1, 1st Floor, Amodi Complex, Juna Bazar, Aurangabad - 431001. Balasore: B C Sen Road, Balasore - 756001. Bareilly : F-62-63, Butler Plaza, Civil Lines, Bareilly - 243001. Basti: Office No. 3, 1st Floor, Jamia Shopping Complex, (Opposite Pandey School), Station Road, (Uttar Pradesh), Basti - 272002. Belgaum : 1st Floor, 221/2A/1B, Vaccine Depot Road, Near 2nd Railway gate, Tilakwadi, Belgaum - 590006. Bellary : No 60/5 Mullangi Compound, Gandhinagar Main Road (Old Gopalswamy Road), Bellary - 583101. Berhampur : 1st Floor, Upstairs of Aaroon Printers, Gandhi Nagar Main Road, Ganjam Dt Orissa, Berhampur - 760001. Bhagalpur : Krishna, 1st Floor, Near Mahadev Cinema, Dr R P Road, Bhagalpur - 812002. Bharuch (Parent: Ankleshwar TP) : F -108, Rangoli Complex, Station Road Bharuch - 392001. Bhatinda : 2907 GH, GT Road, Near Zila Parishad, Bhatinda - 151001. Bhavnagar: 305-306, Sterling Point, Waghawadi Road, OPP. HDFC Bank, Bhavnagar - 364002. Bhilai : Shop No. 117,Ground Floor, Khicharia Complex, Opposite IDBI Bank, Nehru Nagar Square, Bhilai - 490020. Bhilwara : Indraprastha Tower, 2nd Floor, Shyam Ki Sabji Mandi Near Mukulji Garden, Bhilwara - 311001. Bhopal : Plot No.13, Major Shopping Center, Zone-I, M P Nagar, Bhopal - 462011. Bhuj : Data Solution, Office No. 17, 1st Floor, Municipal Building, Opp Hotel Prince, Station Road, Bhuj-Kutch - 370001. Bhusawal (Parent: Jalgaon TP) : 3, Adelade Apartment, Christain Mohala, Behind Gulshan-E-Iran Hotel, Amardeep Talkies Road, Bhusawal - 425201. Bikaner : F 4/5, Bothra Complex, Modern Market, Bikaner - 334001. Bilaspur : 2nd Floor, Gwalani Chambers, St Xavier School Road, In Front of CIT (Income Tax) Office, Vyapar Vihar, Bilaspur – 495001. Bokaro : Mazzanine Floor, F-4, City Centre, Sector-4, Bokaro Steel City Bokaro - 827004. Burdwan : 399, G T Road, Basement of Talk of the Town, Burdwan - 713101. C.R.Avenue (Parent: Kolkata ISC) : 33,C R Avenue, 2nd Floor, Room No.13, Kolkata - 700012. Calicut : 29/97G, 2nd Floor, Gulf Air Building, Mavoor Road, Arayidathupalam, Calicut - 673016. Chandrapur: Opp Mustafa Decor, Near Bangalore Bakery, Kasturba Road, Chandrapur - 442 402 Maharashtra. Chennai: Ground Floor, 148 Old Mahabalipuram Road, Okkiyam, Thuraipakkam, Chennai - 600097. Chhindwara : Shop No. 01 Near Puja Lawn, Prarasia Road, Chhindwara – 480001. Chittorgarh : 3 Ashok Nagar, Near Heera Vatika, Chittorgarh - 312001. Cuttack : Near Indian Overseas Bank, Cantonment Road, Mata Math, Cuttack - 753001. Darbhanga : Shahi Complex, 1st Floor, Near R B Memorial Hospital, V I P Road, Benta, Laheriasarai, Darbhanga 846001. Davenegere : 13, 1st Floor, Akkamahadevi Samaj Complex, Church Road, P J Extension, Devengere - 577002. Dehradun : 204/121, Nari Shilp Mandir Marg, Old Connaught Place, Dehradun - 248001. Deoghar : S S M Jalan Road, Ground Floor, Opp Hotel Ashoke, Caster Town, Deoghar - 814112. Dhanbad : Urmila Towers, Room No. 111, 1st Floor, Bank More, Dhanbad - 826001. Dharmapuri : 16A/63A, Pidamaneri Road, Near Indoor Stadium, Dharmapuri - 636701. Dhule : H No. 1793 / A, J B Road, Near Tower Garden, Dhule - 424001. Erode : 197, Seshaiyer Complex, Agraharam Street, Erode - 638001. Faizabad : 64 Cantonment, Near GPO, Faizabad - 224001. Faridabad : B-49, 1st Floor, Nehru Ground, Behind Anupam Sweet House, NIT, Faridabad - 121001. Gandhidham : S-7, Ratnakala Arcade, Plot No. 231, Ward – 12/B, Gandhidham – 370201. Ghaziabad : 113/6, 1st Floor, Navyug Market, Ghaziabad - 201001. Gondal : A/177 Kailash Complex Opp. Khedut Decor GONDAL - 360311. Gorakhpur : Shop No. 3, 2nd Floor, Cross Road, A.D. Chowk, Bank Road, Gorakhpur - 273001. Gulbarga : Pal Complex, 1st Floor, Opp City Bus Stop, Super Market, Gulbarga - 585101. Guntur : Door No 5-38-44, 5/1 BRODIPET, Near Ravi Sankar Hotel, Guntur - 522002. Gurgaon : SCO - 17, 3rd Floor, Sector-14, Gurgoan - 122001. Guwahati : A K Azad Road, Rehabari, Guwahati - 781008. Gwalior : G-6, Global Apartment Phase - II, Opposite Income Tax Office, Kailash Vihar City Centre, Gwalior - 474011. Haldia : 1st Floor, New Market Complex, Durgachak Post Office, Purba Medinipur District, Haldia - 721602. Haldwani : Durga City Centre, Nainital Road, Haldwani - 263139. Hazaribagh : Muncipal Market, Annada Chowk, Hazaribagh - 825301. Himmatnagar : D-78, 1st Floor, New Durga Bazar, Near Railway Crossing, Himmatnagar - 383001. Hisar : 12, Opp Bank of Baroda, Red Square Market, Hisar - 125001. Hoshiarpur : Near Archies Gallery, Shimla Pahari Chowk, Hoshiarpur - 146001. Hosur : No.9/2, 1st Floor, Attibele Road, HCF Post, Behind RTO office, Mathigiri, Hosur - 635 110. Hubli : 206 & 207, 1st Floor, A-Block, Kundagol Complex, Opp Court, Club road, Hubli - 580029. Jabalpur: 8, Ground Floor, Datt Towers, Behind Commercial Automobiles, Napier Town, Jabalpur - 482001. Jalandhar : 367/8, Central Town, Opp. Gurudwara Diwan Asthan, Jalandhar - 144001. Jalgoan : Rustomji Infotech Services, 70, Navipeth, Opp old Bus Stand, Jalgoan - 425001. Jalna: (Parent ISC – Aurangabad) : Shop No. 11, 1st Floor, Ashoka Plaza, Opp Magistic Talkies, Subhash Road, Jalna - 431203. Jamnagar : 207, Manek Centre, P N Marg, Jamnagar - 361001. Jamshedpur : Millennium Tower, Room No. 15, 1st Floor, R - Road, Bistupur, Jamshedpur - 831001. Jhansi : Babu Lal Karkhana Compound, Opp SBI Credit Branch, Gwalior Road, Jhansi - 284001. Jodhpur : 1/5, Nirmal Tower, 1st Chopasani Road, Jodhpur - 342003. Jammu: JRDS Heights, Lane Opp. S&S Computers,Near RBI Building, Sector 14, Nanak Nagar Jammu - 180004. Junagadh : Circle Chowk, Near Choksi Bazar Kaman, Gujarat Junagadh - 362001. Kadapa: Door No.: 21/ 598, Palempapaiah Street, Near Ganjikunta Pandurangaiah Dental Clinic, 7 Road Circcle, Kadapa - 516001. Kakinada : No.33-1, 44 Sri Sathya Complex, Main Road, Kakinada - 533 001. Kalyani : A - 1/50, Block - A, Dist Nadia Kalyani - 741235. Kannur : Room No.14/435, Casa Marina Shopping Centre, Talap, Kannur - 670004. Karimnagar : H No. 7-1-257, Upstairs S B H, Mangammthota, Karimnagar - 505001. Karnal (Parent :Panipat TP) : 7, IInd Floor, Opp Bata Showroom, Kunjapura Road, Karnal – 132001. Karur : 126 GVP Towers, Kovai Road, Basement of Axis Bank, Karur - 639002. Katni: NH 7, Near LIC, Jabalpur Road, Bargawan, Katni - 483501. Kestopur : S. D. Tower, Sreeparna Apartment, AA-101, Prafulla Kannan (West) Shop No - 1M, Block – C (Ground Floor), Kestopur, - 700101. Khammam: 1st Floor, Shop No 11 - 2 - 31/3, Philips Complex, Balajinagar, Wyra Road, Near Baburao Petrol Bunk, Khammam – 507001. Kharagpur : Shivhare Niketan, H No 291/1, Ward No 15, Opposite UCO Bank, Kharagpur - 721301. Kolhapur : AMD Sofex Office No.7, 3rd Floor, Ayodhya Towers, Station Road, Kolhapur - 416001. Kollam : Kochupilamoodu Junction, Near VLC, Beach Road, Kollam - 691001. Kota : B-33, Kalyan Bhawan, Triangle Part, Vallabh Nagar, Kota - 324007. Kottayam : Building No: KMC IX / 1331 A, Opp.: Malayala Manorama, Railway Station Road, Thekkumkattil Building Kottayam - 686 001 Kumbakonam : Jailani Complex, 47, Mutt Street, Kumbakonam - 612001. Kurnool : H.No.43/8, Upstairs, Uppini Arcade, N R Peta, Kurnool - 518004. Malda : Daxhinapan Abasan, Opp Lane of Hotel Kalinga, S M Pally, Malda - 732101. Manipal: Basement floor, Academy Tower, Opposite Corporation Bank, Manipal - 576104. Mapusa (Parent ISC : Goa) : Office No.CF-8, 1st Floor, Business Point, Above Bicholim Urban Co-op Bank, Angod, Mapusa - 403507. Margao : Virginkar Chambers, 1st Floor, Near Kamath Milan Hotel, New Market, Near Lily Garments, Old Station Road, Margao - 403601. Mathura : 159/160, Vikas Bazar, Mathura - 281001. Meerut : 108, 1st Floor, Shivam Plaza, Opp Eves Cinema, Hapur Road, Meerut - 250002. Mehsana : 1st Floor, Subhadra Complex, Urban Bank Road, Mehsana - 384002. Moga : Gandhi Road, Opp Union Bank of India, Moga - 142001. Moradabad : B-612, Sudhakar, Lajpat Nagar, Moradabad - 244001. Mumbai (Andheri): CTS No 411, Citipoint, Gundivali, Teli Gali, Above C.T. Chatwani Hall, Andheri (East) Mumbai - 400 069. Muzzafarpur : Brahman Toli, Durga Asthan Gola Road, Muzaffarpur - 842001. Mysore : No.1, 1st Floor, CH.26 7th Main, 5th Cross, (Above Trishakthi Medicals), Saraswati Puram, Mysore - 570009. Nadiad: F 142, First Floor, Gantakaran Complex, Gunj Bazar, Nadiad - 387001. Nalgonda : Adj. to Maisaiah Statue , Clock Tower Center, Bus Stand Road , Nalgonda - 508001. Nashik : Ruturang Bungalow, 2 Godavari Colony, Behind Big Bazar, Near Boys Town School, Off College Road, Nashik - 422005. Navsari : Dinesh Vasani & Associates, 103 - Harekrishna Complex, above IDBI Bank, Near Vasant Talkies, Chimnabai Road, Navasari - 396445. Nellore : 97/56, 1st Floor, Immadisetty Towers, Ranganayakulapet Road, Santhapet, Nellore - 524001. Noida : C-81,1st Floor, Sector No 2, Noida - 201301. Palakkad : 10 / 688, Sreedevi Residency, Mettupalayam Street, Palakkad - 678001. Palanpur : Jyotindra Industries Compound, Near Vinayak Party Plot, Deesa Road, Palanpur - 385001. Panipat : 83, Devi Lal Shopping Complex, Opp ABN Amro Bank, G T Road, Panipat 132103. Patiala : 35, New lal Bagh Colony, Patiala - 147001. Pondicherry : S-8, 100, Jawaharlal Nehru Street, (New Complex, Opp. Indian Coffee House), Pondicherry - 605001. Raibareli : 17, Anand Nagar Complex, Raibareli - 229001. Raipur : HIG, C-23, Sector – 1, Devendra Nagar, Raipur - 492004. Rajahmundry : Cabin 101, D No. 7-27-4, 1st Floor, Krishna Complex, Baruvari Street, T Nagar, Rajahmundry - 533101. Rajkot : Office 207 - 210, Everest Building, Harihar Chowk, Opp Shastri Maidan Limda Chowk Rajkot - 360001. Ranchi : 4, HB Road, No: 206, 2nd Floor Shri Lok Complex, Ranchi - 834 001. Ratlam : Dafria & Co.,18, Ram Bagh, Near Scholar's Schoo, Ratlam – 457001. Ratnagiri : Kohinoor Complex, Near Natya Theatre, Nachane Road, Ratnagiri - 415639. Rohtak : 205, 2nd Floor, Bldg. No. 2, Munjal Complex, Delhi Road, Rohtak - 124001. Roorkee : 22 Civil Lines, Ground Floor, Hotel Krish Residence Roorkee - 247667. Rourkela : 1st Floor, Mangal Bhawan, Phase II, Power House Road, Rourkela - 769001. Sagar : Opp. Somani Automoblies, Bhagwanganj, Sagar - 470002. Saharanpur : 1st Floor, Krishna Complex, Opp. Hathi Gate, Court Road, Saharanpur - 247001. Salem : No. 2, 1st Floor, Vivekananda Street, New Fairlands, Salem - 636016. Sambalpur : C/o Raj Tibrewal & Associates, Opp.Town High School, Sansarak, Sambalpur - 768001. Sangli: Jiveshwar Krupa Bldg, Shop. NO.2, Ground Floor, Tilak Chowk, Harbhat Road, Sangli – 416416. Satara : 117 / A / 3 / 22, Shukrawar Peth, Sargam Apartment, Satara - 415002. Shahjahanpur : Bijlipura, Near Old Distt Hospital , Shahjahanpur - 242001. Shimla : 1st Floor, Opp Panchayat Bhawan Main Gate, Bus Stand, Shimla - 171001. Shimoga : Nethravathi, Near Gutti Nursing Home, Kuvempu Road, Shimoga - 577201. Siliguri : 17B Swamiji Sarani, Siliguri- 734001. Sirsa: Gali No1, Old Court Road, Near Railway Station Crossing, Sirsa - 125055. Solan : 1st Floor, Above Sharma General Store, Near Sanki Rest house, The Mall, Solan - 173212. Solapur : Flat No 109, 1st Floor, A Wing, Kalyani Tower, 126 Siddheshwar Peth, Near Pangal High School, Solapur - 413001. Sriganganagar : 18 L Block, Sri Ganganagar - 335001. Srikakulam : Door No 4-4-96, First Floor, Vijaya Ganapathi Temple Back Side, Nanubala Street, Srikakulam - 532001. Sultanpur : 967, Civil Lines, Near Pant Stadium, Sultanpur - 228001. Surat : Plot No.629,2nd Floor, Office No.2-C/2-D, Mansukhlal Tower, Beside Seventh Day Hospital, Opp.Dhiraj Sons, Athwalines, Surat - 395001.Surendranagar : 2 M I Park, Near Commerce College, Wadhwan City, Surendranagar - 363035. Thane: 3rd Floor, Nalanda Chambers, "B" Wing, Gokhale Road, Near Hanuman Temple, Naupada, Thane (West) - 400 602.Thiruppur : 1(1), Binny Compound, 2nd Street, Kumaran Road, Thiruppur - 641601. Thiruvalla : 24/590-14, C.V.P Parliament Square Building, Cross Junction, Thiruvalla – 689101. Tinsukia : Sanairan Lohia Road,1st Floor, Tinsukia - 786125. Tirunelveli : 1st Floor, Mano Prema Complex, 182 / 6, S N High Road, Tirunelveli - 627001. Tirupathi : Shop No : 6, Door No: 19-10-8, (Opp to Passport Office), AIR Bypass Road, Tirupathi – 517501. Trichur : Room No. 26 & 27, Dee Pee Plaza, Kokkalai, Trichur - 680001. Trichy : No 8, 1st Floor, 8th Cross West Extn, Thillainagar, Trichy - 620018. Trivandrum : R S Complex, Opposite of LIC Building, Pattom PO, Trivandrum - 695004. Tuticorn : 1 - A / 25, 1st Floor, Eagle Book Centre Complex, Chidambaram Nagar Main, Palayamkottai Road, Tuticorn - 628008. Udaipur : 32 Ahinsapuri, Fatehpura Circle, Udaipur - 313004. Ujjain : 123, 1st Floor, Siddhi Vinanyaka Trade Centre, Saheed Park, (Madhya Pradesh), Ujjain - 456010. Unjha (Parent: Mehsana) : 10/11, Maruti Complex, Opp. B R Marbles, Highway Road, Mehsana, Unjha - 384170. Valsad : Gita Niwas, 3rd Floor, Opp. Head Post Office, Halar Cross Lane, Valsad - 396001. Vapi : 208, 2nd Floor HEENA ARCADE, Opp. Tirupati Tower, Near G.I.D.C. Char Rasta, Vapi – 396195. Varanasi : Office no 1, Second floor, Bhawani Market, Building No. D- 58/2-A1, Rathyatra, Beside Kuber Complex, Varanasi - 221010. Vellore : No.1, Officer's Line, 2nd Floor, MNR Arcade, Opp. ICICI Bank, Krishna Nagar, Vellore - 632001. Warangal : A.B.K Mall, Near Old Bus Depot road, F- 7, Ist Floor, Ramnagar, Hanamkonda, Warangal - 506001. Yamuna Nagar : 124-B/R Model Town, Yamunanagar - 135001. Yavatmal : Pushpam, Tilakwadi, Opp Dr Shrotri Hospital, Yavatmal - 445001.

CAMS, Registrar and Transfer Agent to Kotak Mutual Fund will be the official point of acceptance for electronic transaction received through specified banks, Financial Institutions with whom Kotak Mahindra Mutual Fund has entered or may enter into specific arrangement for purchase/sale/switch of units and secured internet site operated by Kotak Mahindra Mutual Fund.

All ASBA Participating Bank. 18 COMMON APPLICATION FORM Sub-Broker’s Name & ARN Investment Advisor’s Name & ARN Sub-Broker \ LG Code EUIN (Mandatory) Appl. CA Date : DD / MM / YYYY “I/We hereby confirm that the EUIN box has been intentionally left blank by me/us as this transaction is executed without any interaction or advice by the employee/relationship manager/sales person of the above distributor/sub broker or notwithstanding the advice of in-appropriateness, if any, provided by the employee/relationship manager/sales person of the distributor/sub broker.” )

( E R U T A N

G Sole / First Applicant Second Applicant Third Applicant I S (To be signed by All Applicants) Upfront commission shall be paid directly by the investor to the AMFI registered distributors based on the investor's assessment of various factors including the service rendered by the distributor.

A) Have you ever invested in any, Mutual Fund before Yes No (For more details, please refer guidelines on page 13, point 9) B) If you have, at any time, invested in any Scheme of Kotak Mahindra Mutual Fund and wish to hold your present investment in the same Account, please furnish your Name, Folio Number and PAN details below and proceed to Section Investment Details. (Section I) Unitholder Information Name of Sole / First Applicant: PAN No.: Folio No.:

Sole/ First Applicant Second Applicant Third Applicant

Name of Applicant Name of Applicant Name of Applicant

PAN PAN PAN

Date of Birth Date of Birth Date of Birth

Country of Birth Country of Birth Country of Birth

Nationality Nationality Nationality

Tax Reference Number Tax Reference Number Tax Reference Number

Gross Annual Income Details in INR (please tick): Gross Annual Income Details in INR (please tick): Gross Annual Income Details in INR (please tick): (Section II) ¡ < 1 lac ¡ 1 - 5 lac ¡ 5 - 10 lac ¡ 10 - 25 lac ¡ < 1 lac ¡ 1 - 5 lac ¡ 5 - 10 lac ¡ 10 - 25 lac ¡ < 1 lac ¡ 1 - 5 lac ¡ 5 - 10 lac ¡ 10 - 25 lac ¡ 25 lac - 1 cr ¡ 1 cr - 5 cr ¡ 5 cr - 10 cr ¡ > 10 cr ¡ 25 lac - 1 cr ¡ 1 cr - 5 cr ¡ 5 cr - 10 cr ¡ > 10 cr ¡ 25 lac - 1 cr ¡ 1 cr - 5 cr ¡ 5 cr - 10 cr ¡ > 10 cr or Net-worth as on (date) DD / MM / YYYY or Net-worth as on (date) DD / MM / YYYY or Net-worth as on (date) DD / MM / YYYY Rs. ______(should not be older Rs. ______(should not be older Rs. ______(should not be older than 1 year) than 1 year) than 1 year)

New Applicant's Personal Information Please tick, if applicable, Please tick, if applicable, Please tick, if applicable, ¡ Politically Exposed Person (PEP) ¨ YES ¨ NO ¡ Politically Exposed Person (PEP) ¨ YES ¨ NO ¡ Politically Exposed Person (PEP) ¨ YES ¨ NO ¡ Related to a Politically Exposed Person (PEP)* ¡ Related to a Politically Exposed Person (PEP)* ¡ Related to a Politically Exposed Person (PEP)* ¡ Not applicable ¡ Not applicable ¡ Not applicable *I declare that the information is to the best of my knowledge and belief, accurate and complete. I agree to notify Kotak Mahindra Mutual Fund/ Kotak Mahindra Asset Management Co. Ltd. immediately in case there is any change in the above information.

Name PAN Country of Birth Nationality Tax Reference Number

Gross Annual Income Details in INR (please tick): ¡ < 1 lac ¡ 1 - 5 lac ¡ 5 - 10 lac ¡ 10 - 25 lac ¡ 25 lac - 1 cr ¡ 1 cr - 5 cr ¡ 5 cr - 10 cr ¡ > 10 cr or Net-worth as on (date) DD / MM / YYYY Rs. ______(should not be older than 1 year) Please tick, if applicable, ¡ ¨¨¡ ¡ dian/ Contact Politically Exposed Person (PEP) YES NO Related to a Politically Exposed Person (PEP)* Not applicable (Section III)

Person if Non- *I declare that the information is to the best of my knowledge and belief, accurate and complete. I agree to notify Kotak Mahindra Mutual Fund/ Kotak Mahindra Asset Management

Guar Co. Ltd. immediately in case there is any change in the above information. Individual Applicant Name PAN Country of Birth Nationality Tax Reference Number ney

Gross Annual Income Details in INR (please tick): ¡ < 1 lac ¡ 1 - 5 lac ¡ 5 - 10 lac ¡ 10 - 25 lac ¡ 25 lac - 1 cr ¡ 1 cr - 5 cr ¡ 5 cr - 10 cr ¡ > 10 cr or Net-worth as on (date) DD / MM / YYYY Rs. ______(should not be older than 1 year) Please tick, if applicable, ¡ Politically Exposed Person (PEP) ¨ YES ¨ NO ¡ Related to a Politically Exposed Person (PEP)* ¡ Not applicable (Section IV) (PoA) Holder *I declare that the information is to the best of my knowledge and belief, accurate and complete. I agree to notify Kotak Mahindra Mutual Fund/ Kotak Mahindra Asset Management

Power of Attor Co. Ltd. immediately in case there is any change in the above information. ¡ Resident Individual ¡ Proprietorship ¡ Mutual Fund ¡ PF/ Gratuity/ Pension/ ¡ On behalf of Minor ¡ NRI on Repatriation Basis ¡ Partnership Firm ¡ Mutual Fund FOF Scheme ¡ Superannuation Fund ¡ Other ¡ NRI on Non-Repatriation Basis ¡ Private Limited Company ¡ Body Corporate ¡ Trust AOP/ BOI ______¡ HUF ¡ Public Limited Company ¡ Registered Society ¡ Foreign Institutional Investor (Please specify) Status of Applicant Sole/ First (Section V)

¡ Private Sector ¡ Professional ¡ Student ¡ Public Sector ¡ Agriculturist ¡ Forex Dealer Where there is more than one applicant [Please (✔)] ¡ Government Service ¡ Retired ¡ Other ______¡ First Applicant only ¡ Anyone or Survivor ¡ Joint

¡ Business ¡ Housewife (Please specify) Mode of Applicant Operation Occupation (Section VI) (Section VII) of Sole/ First Address for Communication (Full Address Mandatory) Overseas Address (Mandatory for NRI/ FII Applicants) House/ Flat No House/ Flat No Street Address Street Address City/ Town State City/ Town State Country Pin Code Country Pin Code (Section VIII)

espondance Details Mobile Tel (Res./ Off.) Mobile Tel (Res./ Off.) of Sole/ First Applicant Corr Email** **All communications including Account Statement & Transaction confirmation shall be communicated to aforesaid E-mail ID. P

I (To be filled by Applicant) L Received from______T S Appl. CA

N an application for allotment of units in the following scheme : E

M Investment Details Instument Details Amount E

G Scheme D No. Dated DD / MM / YYYY Rs. E L Plan W Bank & Branch O

N Option Official Acceptance K

C Please retain this silp, duly acknowledged by the Official Collection Center till you receive your Account Statement Point Stamp & Sign 19 A

In case you wish to hold units in demat, please fill this section. Please note that you can hold units in demat for all open ended schemes (except ETFs and dividend options having dividend frequency of less than a month). NSDL CDSL

DP Name DP Name

Demat DP ID Beneficiary Account No. Beneficiary Account No. (Section IX)

Account Details Please ensure that your demat account details mentioned above are along with supporting documents evidencing the accuracy of the demat account. Bank details of DP will overwrite the existing details. Parent/Grand-Parent/Guardian of Minor/ Related Person Other than the Register Guardian/ Employer on behalf of Employee (SIP only)/Custodian on behalf of FII.

Name: Relationship with Applicant:

PAN: KYC Compliant Status: Yes No d Party Declaration: I hereby declare and confirm that the Applicant stated above is the beneficial owner of the investment details mentioned above. I am providing the (Section X) Thir funds for these investments on account of my natural love and affection or incentive to employee or for & on behalf of fII or as gift from my bank account only. Signature

Payment Declaration Declaration (Guardian of minor, as registered in the folio): I confirm that I am the legal guardian of the Minor, registered in folio and have no objection to receiving these funds on behalf of the minor. (Note: Aforeside signature should match with the investment cheque signature)

(Mandatory, this account details will be considered as default account for payout)

Name of Bank

Branch City

Account No.

RTGS IFSC Code NEFT IFSC Code (Section XI) MICR Code Account Type : Current Savings Bank Account Details NRO NRE FCNR Others This is the 9 digit No. next to your Cheque No. Payment Details SI. Plan / Option / Amount Net Amount Scheme Name / Frequency Frequency Cheque / No. Sub-option Invested (Rs.) Paid (Rs.) Bank and Branch DD No. Growth Weekly Monthly 1 Less DD Charges Dividend P R Daily

Growth Weekly Monthly 2 Less DD Charges Dividend P R Daily (Section XII)

Investment Details Growth Weekly Monthly 3 Less DD Charges Dividend P R Daily Note - Attach separate cheque for each Investment P=Payout R=Reinvestment If you are an NRI Investor, please indicate source of funds for your investment (Please NRE NRO FCNR Others (Please specify)

I/We ______and ______do hereby nominate the undermentioned Nominee to receive the Units to my/our credit in Folio No./Application No. ______in the event of my/our death. I/we also understand that all payments and settlements made to such Nominee and signature of the Nominee acknowledging receipt thereof, shall be a valid discharge by the AMC/ Mutual Fund / Trustee.

DETAILS OF NOMINEE Name of Nominee Address Date Of Birth % Share Signature Of Nominee

applying Singly or Jointly) DETAILS OF GUARDIAN (to be furnished in case Nominee is a minor) (to be filled in by Individual(s) Nomination Details (Section XIII) Name of Guardian Address Tel. No Signature Of Guardian

I/We ______do hereby confirm that I/We do not intend to avail the nomination facility for this investment application. For units to be held in Demat Mode, the Nomination details updated in the depository system shall prevail over the details mentioned hereunder.

I /We have read and understood the contents of the Statement of Additional Information/ Scheme Information Document/ Key Information Memorandum of the respective scheme(s) of Kotak Mahindra Mutual Fund. I /We hereby apply for allotment / purchase of Units in the Scheme(s) indicated in Section F above and agree to abide by the terms and conditions applicable thereto. I /We hereby declare that I /We are authorised to make this investment in the abovementioned Scheme(s) and that the amount invested in the Scheme(s) is through legitimate sources only and does not involve and is not designed for the purpose of any contravention or evasion of any Act, Rules, Regulations, Notifications or Directions of the provisions of Income Tax Act, Anti Money Laundering Act, Anti Corruption Act or any other applicable laws enacted by the Government of India from time to time. I / We hereby authorise Kotak Mahindra Mutual Fund, its es Investment Manager and its agents to disclose details of my investment to my / our Investment Advisor and / or my bank(s) / Kotak Mahindra Mutual Fund’s bank(s). I /We have neither received nor been induced by any rebate or gifts, directly or indirectly, in making this investment. I / We confirm that the distributor has disclosed all commission (in the form of trail commission or any other mode) payable to the distributor for the different competing Schemes of various Mutual Funds from amongst which the Scheme is being recommended to me / us. Applicable to NRIs seeking repatriation of redemption proceeds: I/We confirm that I am/ we are Non-Resident(s) of Indian Nationality / Origin and that I /We have remitted funds from abroad through approved banking channels or from funds in my/our NRE / FCNR Account. )

S ( (Section XIV) E R U T A N Declaration and Signatur G

I Sole / First Applicant Second Applicant Third Applicant S (To be signed by All Applicants) Note : If the application is incomplete and any other requirements is not fulfilled, Please tick if the investment is operated as POA / Guardian POA Guardian the application is liable to be rejected.

KOTAK MAHINDRA MUTUAL FUND COMPUTER AGE MANAGEMENT SERVICES PVT. LTD. 6th Floor, Kotak Infinity, Building No. 21, 178/ 10, M G R Salai, Infinity Park, Off. Western Express Highway, Nungambakkam, Gen.A.K. Vaidya Marg, Malad (E), Chennai – 600034. Mumbai - 400 097. 044 3047 7000 ☎ 022-6638 4400 [email protected] [email protected] www.camsonline.com assetmanagement.kotak.com

We are at your service on 1800-222-626 from 9.30 a.m. to 6.00 p.m. (Monday to Friday) 20 # ** Please r * Pleaseensur U Have

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A U T O - D E B I T 21 6th Floor, Kotak Infinity, Building No. 21, Infinity Park, Off. Western Express Highway, KOTAK MAHINDRA MUTUAL FUND Gen.A.K. Vaidya Marg, Malad (E), Mumbai - 400 097. TERMS AND CONDITIONS - AUTO DEBITS & ECS Systematic Investments - Snapshot

Schemes where SIPs are allowed All open-ended schemes except Kotak Liquid Plan A & Kotak Floater Short Term scheme

Frequency Monthly or Quarterly Choice of Dates 1st, 7th, 14th, 21st & 25th Minimum Investment Rs. 1000/- (Rs. 500 incase of Kotak Select Focus Fund and Kotak Equity Arbitrage Fund; Rs. 500 & in multiples of Rs. 500 in case of Kotak Tax Saver). Minimum Installments 6 (All SIP installments should be for the same amount) First SIP Z Can be done on any Day of the Month Z Only on specified SIP Dates (1st, 7th, 14th, 21st & 25th) after a minimum gap of 28 days from date of first SIP. Second & Subsequent SIPs Z Can be through ECS Debit/ Direct debit (in select locations) or Post-Dated Cheque based on your preference.

Instruction & Information of Normal SIP 1. Please refer the Key Information Memorandum and Offer Document/ SAI/ SID of the respective above specified dated of the month. You can choose only one of these dates for the purpose of SIP. In scheme(s) for Applicable NAV, Risk Factors, Load Structure and other information before case the chosen date turns out to be a non-working day for the scheme, the SIP will be processed investing. on the immediately following working day. 2. (i) Existing unitholders need not fill in the Investment Application Form. However, they must 7. We would send you an Account Statement confirming your systematic investment within 10 compulsorily mention their Account Number in the Systematic Investment Form. working days from the date of your first systematic investment transaction. Confirmation for (ii) New Applicants need to compulsorily fill in all sections in the Investment Application Form in subsequent Systematic Investments would be sent to you as CAS (Consolidated Account addition to Systematic Investment Form. The Application No. must be compulsorily mentioned in Statement) on monthly basis. the Systematic Investment Form. 8. Modification / Cancellation of SIP : You can request for a modification / cancellation of your SIP at 3. Irrespective of the investment amount please furnish your PAN details and enclose a photocopy of any time. Your modification/ cancellation request should be submitted 30 days prior the next PAN Card for all applications. In case of minor applicants, please furnish the PAN details and PAN Auto Debit Date. Any modification request should be accompanied by : proof of the Guardian. (i) A new SIP From duly filled in and carrying the revised SIP request details. 4. KYC compliant is mandatory, irrespective of the amount of investment. (ii) A written and signed confirmation for discontinuance of the existing SIP. 5. You can opt for Systematic Investment in the Scheme on a monthly/quarterly basis through post- 9. Extention of SIP needs to be accompanied with a cancelled cheque leaf. dated cheques / auto-debit for a pre-defined amount. This facility is available only on specified 10. If four consecutive SIPs fail, your SIP will automatically stand terminated. dates of the month / quarter viz. 1st , 7th, 14th, 21st & 25th. Refer to Section “SIP Auto Debit: 11. Incorrect, incomplete, ambiguous forms will not be accepted and will be returned to the investor Terms & Conditions” for location wise dates available for SIP Auto Debit. within 30 days of their receipt. 6. (i) First SIP Installment : Your first SIP can be for any day of the month, however subject to the 12. An investor has an option to choose the 'End Date' of the SIP by filling the date or by selecting the condition that, there shall be a minimum gap of 28 day between the first and the second SIP. Default Date i.e. December 2050. In case no end date is selected the default end date will be (ii) Second & subsequent SIP Installment : Your second and subsequent SIPs are available only on considered as end date.

Instruction & Information of Micro SIP 1. Exemption from need for Permanent Account Number (PAN) for investment through Systematic continue to be subject to PAN requirement. Investment Plan (SIP) upto Rs. 50,000/ with effect from August 1, 2009. 4. By ticking micro sip, I/We hereby declare that our total SIP for rolling 12 months or FY April to 2. The exemption will be applicable only to investments by individuals (including NRIs but excluding March does not exceed Rs. 50,000 through this application or any existing SIP in the scheme's. PIOs), Minors, Sole proprietary firms and to investments made by joint holders. 5. The photo identification document has to be current and valid and also either self attested or 3. The exemption will not be applicable to normal purchase/ switchin transactions, which will attested by an ARN holder.

SIP Auto - Debit: Terms & Conditions }Our SIP Auto – Debit Facility is offered to you using RBI’s Electronic Clearing Service (ECS) for debit mandate with you as the Bank’s customer, you would need to promptly do the same. Kotak effecting SIP payment. By opting for this facility you agree to abide by the terms and Mahindra Mutual Fund, its Investment Manager, Registrar and other service providers will not conditions of ECS Facility of Reserve Bank of India. be liable for any transaction failures due to rejection of the transaction by your bank / branch }This facility is offered to investors having bank accounts in select cities. List of cities qualifying or its refusal to register the SIP mandate. for ECS debit MICR clearing is available on www.rbi.org.in and assetmanagement.kotak.com. }You will not hold Kotak Mahindra Mutual Fund, its Investment Manager, Registrar and other The bank account provided for ECS (debit clearing) should participate in local MICR clearing. service providers responsible if the transaction is delayed or not effected or your bank account The cities in the list may be modified / updated/ changed / removed at any time in future is debited in advance or after the specific SIP date due to various clearing cycles of ECS. Kotak entirely at the discretion of Kotak Mahindra Mutual Fund without assigning any reasons or Mahindra Mutual Fund, its Investment Manager, Registrar and other service providers prior notice. responsible and liable for any damages / compensation for any loss, damage, etc. incurred by }Direct Debit Facility is available across all the branches of Axis Bank, Bank of Baroda, Bank of you as a result of use of this facility by you. India, Dhanalakshmi Bank, Federal Bank, HDFC Bank, ICICI Bank, IDBI Bank, IndusInd Bank, }If you have not indicated any of your SIP preference completely in the form, or incase of any Kotak Mahindra Bank, Punjab National Bank, State Bank of India & UCO Bank. discrepancy, we would presume the same as below : }Your Bank Branch through which you want your SIP Auto-Debit to take place should SIP Frequency : Monthly; SIP Date : 7th; Default end date: December 2050; Scheme Name : participate in local MICR Clearing. In case your bank decides to cross-verify the ECS auto- same as mentioned on SIP form, SIP Amount : same as mentioned on SIP form.

SIP Booster Facility: Terms & Conditions 1. SIP Booster Facility is a facility whereby an investor has an option to increase the amount of the SIP Quarterly Yearly Increase shall happen after every 4th - SIP instalment Installment by a fixed amount at pre-defined interval of Half Yearly and/or Yearly basis, i.e. on completion of 6 months/1 year from the commencement of the first SIP. 4. Investors opting for this facility, need to duly fill-in the SIP Booster Facility section of SIP Form along-with the other requisite SIP related information. SIP Frequency SIP Booster Frequency Default Minimum Amount 5. The minimum SIP Booster has to be Rs. 500/- and in multiples of Rs. 500/- 6. Modification of the SIP Booster amount is not possible, alternatively investor will have to cancel Monthly Half Yearly / Yearly Yearly Rs. 500 & in multiples of Rs. 500 thereof the existing facility and start a fresh SIP with modified amount. Quarterly Half Yearly / Yearly Yearly Rs. 500 & in multiples of Rs. 500 thereof 7. Cancellation of SIP Booster facility : At any given point of time investor can choose to discontinue the SIP Booster Facility by giving a written request to this effect atleast 28 days prior to the next SIP 2. SIP Booster Facility shall be available with fresh registration of SIP only. If an existing investor booster date. However, your SIP in the respective scheme shall continue till the SIP end date as wants to opt for SIP Booster facility, the existing SIP is required to be cancelled and a fresh SIP specified in the application form or till receipt of a valid SIP Cease Request. investment with SIP Booster Facility is required to be submitted. 8. SIP Booster Facility will be available for all open-ended schemes of Kotak Mutual Fund where SIP 3. SIP Frequency vis-à-vis SIP Booster Frequency : facility is being currently offered. 9. SIP Booster Facility is not available under MICRO SIP option. SIP Frequency SIP Booster Frequency Details 10. SIP Booster facility shall be available for SIP Investments through ECS (Debit Clearing) / Direct debit facility only. Monthly Half-yearly Increase shall happen after every 6th - SIP instalment 11. All other terms & conditions applicable for regular SIP will also be applicable to SIP Booster facility. Monthly Yearly Increase shall happen after every 12th - SIP instalment Quarterly Half-yearly Increase shall happen after every 2nd - SIP instalment

Checklist Please ensure that: 2. For first time investors, (across Mutual Funds), the distributor shall be paid Rs. 150/- as transaction • If you are an existing investor, you have quoted your Account No. with Kotak Mahindra Mutual charge for subscription of Rs.10,000/- & above. Fund on the Systematic Investment Form. 3. The transaction charge shall be deducted by Kotak AMC from the subscription amount & paid to • If you are a new investor, your Application Number is quoted on the Systematic Investment Form. the distributor (will be subject to statutory levies, as applicable) & the balance amount shall be • Scheme (Plan) – Option in which you wish to do your systematic investments is clearly indicated in invested. the Systematic Investment Form. 4. In case of Systematic Investment Plan(s), the transaction charge shall be applicable only if the total • The SIP Amount, the Frequency, your preferred Date and Period are clearly indicated. commitment through SIPs amounts to Rs.10,000/- & above. In such cases the transaction charge • There is minimum gap of 28 days between your first & second SIP. shall be recovered in first 3/4 successful installments.

TRANSACTION CHARGES Transaction charges shall not be deducted/applicable for: Pursuant to SEBI Circular No. Cir/ IMD/ DF/13/ 2011 dated August 22, 2011, transaction charge per (a) Transaction other than purchases/subscriptions such as Switch/Systematic Transfer Plan (STP)/ subscription of Rs. 10,000/- and above be allowed to be paid to the distributors of the Kotak Dividend Transfer Plan (DTP), etc. Mahindra Mutual Fund products. The transaction charge shall be subject to the following: (b) Purchases/Subscriptions made directly with the Fund without any ARN code. 1. For existing investors (across mutual funds), the distributor shall be paid Rs. 100/- as transaction (c) Transactions carried out through the stock exchange platforms. charge per subscription of Rs.10,000/- & above. (d) Distributors who have chosen ‘Opt Out’ of charging the transaction charge.

Auto-Debit • Your First SIP Cheque is from the same bank from which you wish your SIP Auto-Debits to in the Bank Records. happen. • A copy of your First SIP Cheque is enclosed with your SIP Application. • Your First SIP Cheque details are clearly indicated in the Systematic Investment Form. • If you First SIP Investment is through a Demand Draft Pay Order, please ensure that your Bank • Your Bank Account Details are correctly and completely furnished including the 9 digit MICR details and Signatures are attested by your Bankers. Code which is mandatory for SIPs through ECS. • Alternatively you can provided us with cancelled cheque leaf copy of the bank from where you • Your Systematic Investment Form carries the signatures of the Bank Account Holders as it appears intend to do your SIP.

Registrar : Computer Age Management Services Pvt. Ltd. 148, Old Mahabalipuran Road, Okkiyam Thuraipakkam, Chennai - 600 096 Tel. : 044 3047 7000 www.assetmanagement.kotak.com 1800-222-626 or (022) 6638 4400 [email protected] 22 6th Floor, Kotak Infinity, Building No. 21, Infinity Park, Off. Western Express Highway, MULTIPLE BANK ACCOUNTS REGISTRATION FORM Gen.A.K. Vaidya Marg, Malad (E) Mumbai - 400 097. Please strike unused sections to avoid unauthorised use. 022-6638 4400 [email protected] www.assetmanagement.kotak.com

Folio No. OR Application No. Permanent Account (For Existing Unit Holders) ______(For Existing Unit Holders) ______Number (PAN)

Name of Sole/ First Unit Holder ______

A – ADDITION OF BANK ACCOUNTS Please register my/our following bank accounts for all investments in my/our folio. I/we understand that I/we can choose to receive payment proceeds in any of these accounts, by making a specific request in my/our redemption request. I/We understand that the bank accounts listed below shall be taken up for registration in my/our folio in the order given below and the same shall be registered only if there is a scope to register additional bank accounts in the folio subject to a maximum of five in the case of individuals and ten in the case of non individuals.

For each bank account, Investors should produce original for verification or submit originals of the documents mentioned below.

Account No.: Account type: Savings Current NRE NRO FCNR

Bank Name: Branch Name:

City: PIN code:

MICR Code^: IFSC Code^^:

Document attached (Any one) Cancelled Cheque with name pre-printed Bank statement Pass book Bank Certificate

Account No.: Account type: Savings Current NRE NRO FCNR

Bank Name: Branch Name:

City: PIN code:

MICR Code^: IFSC Code^^:

Document attached (Any one) Cancelled Cheque with name pre-printed Bank statement Pass book Bank Certificate

Account No.: Account type: Savings Current NRE NRO FCNR

Bank Name: Branch Name:

City: PIN code:

MICR Code^: IFSC Code^^:

Document attached (Any one) Cancelled Cheque with name pre-printed Bank statement Pass book Bank Certificate

Account No.: Account type: Savings Current NRE NRO FCNR

Bank Name: Branch Name:

City: PIN code:

MICR Code^: IFSC Code^^:

Document attached (Any one) Cancelled Cheque with name pre-printed Bank statement Pass book Bank Certificate ^ 9 digit code on your cheque next to the cheque number. ^^ 11 digit code printed on your cheque. B - DEFAULT BANK ACCOUNT From among the bank accounts registered with you or mentioned above, please register the following bank account as a Default Bank Account into which future redemption and/or dividend proceeds, if any of the above mentioned folio will be paid:

Bank Account No.: Bank Name:

SIGNATURES (To be signed by ALL UNITHOLDERS if mode of operation is indicated as ‘JOINT’. In case of non-Individual Unit holders, to be signed by AUTHORISED SIGNATORIES)

Sole / First Applicant / Unit holder Second Applicant / Unit holder Third Applicant / Unit holder 23 C - BANK ACCOUNT DELETION FORM

Folio No. Permanent Account Number (PAN) Name of Sole/ First Unit Holder ______

Bank Account No.: Bank Name:

Deletion of a default bank account is not permitted unless the investor mentions another registered bank account as a default account in Part B of this Form.

SIGNATURES (To be signed by ALL UNIT HOLDERS if mode of operation is indicated as ‘JOINT’. In case of non-Individual Unit holders, to be signed by AUTHORISED SIGNATORIES

Sole / First Applicant / Unit holder Second Applicant / Unit holder Third Applicant / Unit holder

Instructions and Terms and Conditions: 1. This facility allows a unit holder to register multiple bank account details for all investments held in the specified folio (existing or new). Individuals/HuF can register upto 5 different bank accounts for a folio by using this form. Non-individuals can register upto 10 different bank accounts for a folio. For registering more than 5 accounts, please use extra copies of this form. 2. Please enclose a cancelled cheque leaf for each of such banks accounts. This will help in verification of the account details and register them accurately. The application will be processed only for such accounts for which cancelled cheque leaf is provided. Accounts not matching with such cheque leaf thereof will not be registered. 3. If the bank account number on the cheque leaf is handwritten or investor name is not printed on the face of the cheque, bank account statement or pass book or a bank certificate or a letter from the bank giving the name, address and the account number should be enclosed. If photocopies are submitted, investors must produce original for verification. 4. Please enclose a cancelled cheque leaf/ bank statement/ copy of bank passbook for existing bank account registered in the folio. Applications received without this will be liable to be rejected. 5. Bank account registration/deletion request will be accepted and processed only if all the details are correctly filled and the necessary documents are submitted. The request is liable to be rejected if any information is missing or incorrectly filled or if there is deficiency in the documents submitted. 6. The first/sole unit holder in the folio should be one of the holders of the bank account being registered. 7. The investors can change the default bank account by submitting this form. In case multiple bank accounts are opted for registration as default bank account, the mutual fund retains the right to register any one of them as the default bank account. 8. A written confirmation of registration of the additional bank account details will be dispatched to you within 10 calendar days of receipt of such request. 9. If any of the registered bank accounts are closed/ altered, please intimate the AMC in writing of such change with an instruction to delete/alter it from of our records.. 10. The Bank Account chosen as the primary/default bank account will be used for all Redemption payouts/ Dividend payouts. At anytime, investor can instruct the AMC to change the default bank account by choosing one of the additional accounts already registered with the AMC. 11. If request for redemption received together with a change of bank account or before verification and validation of the new bank account, the redemption request would be processed to the currently registered default (old) bank account. 12. If in a folio, purchase investments are vide SB or NRO bank account, the bank account types for redemption can be SB or NRO only. If the purchase investments are made vide NRE account(s), the bank accounts types for redemption can be SB/ NRO/ NRE. 13. The registered bank accounts will also be used to identify the pay-in proceeds. Hence, unit holder(s) are advised to register their various bank accounts in advance using this facility and ensure that payments for ongoing purchase transactions are from any of the registered bank accounts only, to avoid fraudulent transactions and potential rejections due to mismatch of pay-in bank details with the accounts registered in the folio.

24 Foreign Account Tax Compliance Act (FATCA) Form for Non-Individual Applicants/ Investors Part I. Investor Details

Investor Name:

PAN:

Part II: Additional KYC Information Category First Applicant / Guardian PAN Gross Annual Income Details in INR (please tick) Below 1 Lakh 1 - 5 Lacs 5 - 10 Lacs 10 - 25 Lacs 25 Lacs - 1 Crore > 1 Crore Net Worth in INR

Net Worth as of Is the entity involved in/ providing any of the following services: Foreign Exchange/ Money Changer Services Yes/ No Gaming/ Gambling/ Lottery Services [e.g. casinos, betting syndicates] Yes/ No Money Laundering/ Pawning Yes/ No Any other information relating to KYC not covered above [Please specify]:

Part III: FATCA Information [Please seek appropriate advice from a tax professional on FATCA related information] Sr. No. Category First Applicant 1 Incorporation/ Formation in India Yes/ No 2 If no, please specify the Country(ies) of Incorporation/ Formation/ Tax residency 1. 2. 3. 3 If a Country of Incorporation/ Formation/ Tax residency is other than India, provide relevant Taxpayer Identification Number

Other information: Sr. No. Information Additional Information to be provided 1 We are a financial institution [including Yes/ No an FFI] [Refer instructions a] If yes,

A) please provide the following information: We are a [tick any one] a. an Indian financial institution [ ] b. a financial institution in another country that has an intergovernmental agreement (IGA) with the US on FATCA [ ] c. an FFI in a country without an IGA that has registered to obtain a GIIN [ ] d. others ______[please complete]

B) GIIN: ______(Global Intermediary Identification Number) If GIIN not available [tick any one]: a. Applied for on ______[insert date] b. Not required to apply/not obtained for the following reasons (i) We are a Non-participating FFI [ ] (ii) We are a Certified deemed-compliant FFI under U.S. Treasury Regulations [ ] (iii) We are an Exempt beneficial owner under U.S. Treasury Regulations [ ] (iv) We have another reason: ______[please describe]

2 We are a listed company [whose shares Yes/ No are regularly traded on a recognized If Yes, specify the name of the Stock Exchange(s) where it is traded regularly: stock exchange] 1. ______

2. ______3 We are ‘Related Entity’ of a listed Yes/ No company [Refer instructions b] If Yes, specify the name of the listed company

______25 Other information: (Cont.) Sr. No. Information Additional Information to be provided Specify the name of the Stock Exchange(s) where it is traded regularly:

1. ______

2. ______4 We are an Active NFFE [Refer Yes/ No instructions c & d] If Yes, specify the nature of business

______5 We are an Passive NFFE [Refer Yes/ No instructions e and g] If Yes, please provide:

1. Nature of business

______

2. For all Controlling Persons who are citizens/tax residents/green card holders other than India, provide their Name, Address, Taxpayer Identification Number and Percentage of Holding by filling UBO Form & enclose additionally

I/We acknowledge and confirm that the information provided above is/are true and correct to the best of my/our knowledge and belief and provided after consulting necessary tax professionals. In case any of the above specified information is found to be false or untrue or misleading or misrepresenting, I/We am/are aware that I/We may liable for it. I/We hereby authorize you to disclose, share, remit in any form, mode or manner, all / any of the information provided by me/ us, including all changes, updates to such information as and when provided by me/ us to Mutual Fund, its Sponsor, Asset Management Company, trustees, their employees / associated parties / RTAs ('the Authorized Parties') or any Indian or foreign governmental or statutory or judicial authorities / agencies including but not limited to the Financial Intelligence Unit-India (FIU-IND), the tax / revenue authorities in India or outside India and other investigation agencies without any obligation of advising me/us of the same. Further, I/We, authorize to share the given information to other SEBI Registered Intermediaries to facilitate single submission / updation & for other relevant purposes. I/We also undertake to keep you informed in writing about any changes / modification to the above information in future and also undertake to provide any other additional information / documentary proof as may be required at your end. Signature with relevant seal:

______Authorized Signatory ______Authorized Signatory ______Authorized Signatory

Date:_____ / _____ / _____ Place: ______

Instructions

a. Foreign Financial Institution [FFI] – Means any non-US financial institutions that is a – (1) Institution; (8) The NFFE is an “excepted NFFE” as described in relevant U.S. Treasury Depository institution – accepts deposits in the ordinary course of banking or similar Regulations; or (9) The NFFE meets all of the following requirements: - a. It is business; (2) Custodian institution - as a substantial portion of its business, hold established and operated in its jurisdiction of residence exclusively for religious, financial assets for the accounts of others; (3) Investment entity – conducts a business charitable, scientific, artistic, cultural, athletic, or educational purposes; or it is or operates for or on behalf of a customer for any of the activities like trading in money established and operated in its jurisdiction of residence and it is a professional market instruments, foreign exchange, foreign currency, etc. or individual or collective organization, business league, chamber of commerce, labor organization, agricultural portfolio management or investing, administering or managing funds, money or or horticultural organization, civic league or an organization operated exclusively for financial assets on behalf of other persons; or an entity managed by this type of entity; the promotion of social welfare; b. It is exempt from income tax in its jurisdiction of or (4) Insurance company – entity issuing insurance products i.e. life insurance; (5) residence; c. It has no shareholders or members who have a proprietary or beneficial Holding or Treasury company – entity that is part of an expanded affiliate group that interest in its income or assets; d. The applicable laws of the NFFE’s jurisdiction of includes a depository, custodian, specified insurance company or investment entity residence or the NFFE’s formation documents do not permit any income or assets of the b. Related Entity - an entity is a “Related Entity” of another entity if one controls the other, NFFE to be distributed to, or applied for the benefit of, a private person or non- or the two entities are under common control (where control means direct or indirect charitable entity other than pursuant to the conduct of the NFFE’s charitable activities, ownership of more than 50% of the vote or value in an entity) or as payment of reasonable compensation for services rendered, or as payment c. Non-financial foreign entity [NFFE] – Non-US entity that is not a financial institution representing the fair market value of property which the NFFE has purchased; and e. [including a territory NFFE]. Following NFFEs are excluded from FATCA reporting – (a) The applicable laws of the NFFE’s jurisdiction of residence or the NFFE’s formation Publicly traded corporation / listed companies; (b) Related Entity of a listed company; documents require that, upon the NFFE’s liquidation or dissolution, all of its assets be and (c) Active NFFE distributed to a governmental entity or other non-profit organization, or escheat to the d. Active NFFE – Any one of the following – (1) Less than 50% of the NFFE’s gross income government of the NFFE’s jurisdiction of residence or any political subdivision thereof. for the preceding calendar year or other appropriate reporting period is passive income e. Expanded affiliated group – One or more chains of members connected through and < 50% of the assets held by NFFE are assets that produce or are held for the ownership (50% or more, by vote or value) by a common parent entity if the common production of passive income; (2) NFFE is organized in US territory & all of the owners parent entity owns stock or other equity interests meeting the requirements in atleast are bonafide residents of US Territory; (3) is a government [other than US Govt.], a one of the other members political sub-division of such govt., or a public body performing a function of such govt. f. Passive NFFE - means any NFFE that is not (i) an Active NFFE, or (ii) a withholding foreign or a political sub-division thereof, a govt. of US Territory, an International organization, partnership or withholding foreign trust pursuant to relevant U.S. Treasury Regulations a non-US central bank of issue, or an entity wholly owned by one of the foregoing; (4) g. Passive Income – portion of gross income that consists of dividends, interest, rents and Substantially all of the activities of the NFFE consist of holding (in whole or in part) the loyalties (other than rents and loyalties derived in the active conduct of a trade or outstanding stock of, or providing financing and services to, one or more subsidiaries business conducted, at least in part, by employees of the NFFE), income equivalent to that engage in trades or businesses other than the business of a Financial Institution, interest / amount received from pool of insurance contracts, annuities, excess of gains except that an NFFE shall not qualify for this status if the NFFE functions (or holds itself over losses from the sale or exchange of property / from transactions (including futures, out) as an investment fund, such as a private equity fund, venture capital fund, forwards or similar transactions) in any commodities but not including (i) any leveraged buyout fund, or any investment vehicle whose purpose is to acquire or fund commodity hedging transaction, determined by treating the entity as a controlled companies and then hold interests in those companies as capital assets for investment foreign corporation or (ii) active business gains or losses from the sale of commodities purposes; (5) The NFFE is not yet operating a business and has no prior operating but only if substantially all the foreign entity’s commodities are property, excess of history, but is investing capital into assets with the intent to operate a business other foreign currency gains over losses, net income from notional principal contracts, than that of a Financial Institution, provided that the NFFE shall not qualify for this amounts received under cash value insurance contracts, amounts earned by insurance exception after the date that is 24 months after the date of the initial organization of company in connection with its reserves for insurance and annuity contracts the NFFE; (6) The NFFE was not a Financial Institution in the past five years, and is in the h. Controlling Persons - means the natural persons who exercise control over an entity. In process of liquidating its assets or is reorganizing with the intent to continue or the case of a trust, such term means the settlor, the trustees, the protector (if any), the recommence operations in a business other than that of a Financial Institution; (7) The beneficiaries or class of beneficiaries, and any other natural person exercising ultimate NFFE primarily engages in financing and hedging transactions with, or for, Related effective control over the trust, and in the case of a legal arrangement other than a Entities that are not Financial Institutions, and does not provide financing or hedging trust, such term means persons in equivalent or similar positions. The term services to any entity that is not a Related Entity, provided that the group of any such “Controlling Persons” shall be interpreted in a manner consistent with the Financial Related Entities is primarily engaged in a business other than that of a Financial Action Task Force Recommendations. 26 6th Floor, Kotak Infinity, Building No. 21, Infinity Park, Off. Western Express Highway, Declaration of Gen. A. K. Vaidya Marg, Malad (E), Mumbai - 400 097. Ultimate Beneficial Ownership [UBO] ☎ 022-6638 4400 [email protected] assetmanagement.kotak.com (Mandatory for Non-Individuals)

To be filled in BLOCK LETTERS (Please strike off section(s) that is/ are not applicable) Part I. Investor Details

Investor Name:

PAN:

Part II. Listed Company/ its Subsidiary Company

We hereby declare that Our company is controlled by a Listed Company [ ] Our company is a Listed Company listed in ( ) NSE ( ) BSE ( ) Others ______[Please specify] None of the above Our company is a subsidiary of a Listed Company If ‘None of the above’ option is selected, the following [ ] information [Part III] shall be provided mandatorily as applicable

Part III: Non-individuals other than Listed Company/ its subsidiary company Category [tick applicable category]: Unlisted Company Religious Trust Partnership Firm/ Limited Liability Partnership Company Private Trust Unincorporated association/ body of individuals Trust created by a Will Public Charitable Trust Others ______[please specify]

Details of Ultimate Beneficiary Owners* Sr. Name of UBO PAN or any other Taxpayer Country of Tax UBO Code Percentage KYC (Yes/No) #4 No. [Mandatory] valid ID proof for Identification Residency [CTR]/ [Refer of Holding#3 [Please attached Along with those where PAN Number#2 Permanent instruction E] (%) KYC Designation/ is not applicable#1 Address [CPA]/ [Enclose acknowledgement Position wherever [Mandatory if Country of appropriate copy/ applicable KYC proof is not Birth [COB] proof] address proof] enclosed] CTR: CPA: COB: CTR: CPA: COB: CTR: CPA: COB: CTR: CPA: COB: CTR: CPA: COB: #1. If UBO is already KYC compliant, KYC Complied proof to be enclosed. Else PAN or any other valid identity proof must be attached. Position / Designation like Director / Settlor of Trust / Protector of Trust to be specified wherever applicable. #2. If any of the UBO is resident / citizen of ‘other than India’ or citizen/tax resident/green card holder of United States of America [USA], please provide Taxpayer ID Number/ US Social Security Number [SSN]. #3. Submit documentary proof like Shareholding pattern duly self attested by Authorized Signatory / Company Secretary. #4. If UBO is not KYC compliant, UBO shall complete the KYC formalities and send the intimation to CAMS / respective Mutual Funds. Also enclose necessary address proof. *If the given rows are not sufficient, required information in the given format can be enclosed as additional sheet(s) duly signed by Authorized Signatory *Note that some of the Mutual Funds may call for additional information/documentation wherever required or if the given information is not clear / incomplete / incorrect and you may to have provide the same as and when solicited 27 Part IV: Declaration I/We acknowledge and confirm that the information provided above is/are true and correct to the best of my/our knowledge and belief. In case any of the above specified information is found to be false or untrue or misleading or misrepresenting, I/We am/are aware that I/We may liable for it. I/We hereby authorize sharing of the information furnished in this form with all SEBI Registered Intermediaries and they can rely on the same. In case the above information is not provided, it will be presumed that applicant is the ultimate beneficial owner, with no declaration to submit. In such case, the concerned SEBI registered intermediary reserves the right to reject the application or reverse the allotment of units, if subsequently it is found that applicant has concealed the facts of beneficial ownership. I/We also undertake to keep you informed in writing about any changes/modification to the above information in future and also undertake to provide any other additional information as may be required at your end.

Authorized Signatories [with Company/Trust/Firm/Body Corporate seal]

______Authorized Signatory ______Authorized Signatory ______Authorized Signatory

Date:_____ / _____ / _____ Place: ______

Instructions As per SEBI Master Circular No. CIR/ISD/AML/3/2010 dated December Intermediaries dealing with foreign investors’ viz., Foreign 31, 2010 regarding Client Due Diligence policy, related circulars on Institutional Investors, Sub Accounts and Qualified Foreign anti-money laundering and SEBI circular No.CIR/MIRSD/2/2013 dated Investors, may be guided by the clarifications issued vide SEBI January 24, 2013, non-individuals and trusts are required to provide circular CIR/MIRSD/11/2012 dated September 5, 2012, for the details of ultimate beneficiary owner [UBO] and submit appropriate purpose of identification of beneficial ownership of the client proof of identity of such UBOs. The beneficial owner has been defined in the circular as the natural person or persons, who ultimately own, D. KYC requirements control or influence a client and/or persons on whose behalf a Beneficial Owner(s) is/are required to comply with the prescribed transaction is being conducted, and includes a person who exercises KYC process as stipulated by SEBI from time to time with any one of ultimate effective control over a legal person or arrangement. the KRA & submit the same to AMC. KYC acknowledgement proof is to be submitted for all the listed Beneficial Owner(s). A. For Investors other than individuals or trusts: (I) The identity of the natural person, who, whether acting alone E. UBO Codes: or together, or through one or more juridical person, exercises UBO Code Description control through ownership or who ultimately has a controlling Controlling ownership interest of more than 25% of ownership interest. Controlling ownership interest means UBO-1 shares or capital or profits of the juridical person ownership of/entitlement to: [Investor], where the juridical person is a company • more than 25% of shares or capital or profits of the juridical person, where the juridical person is a company; Controlling ownership interest of more than 15% of • more than 15% of the capital or profits of the juridical UBO-2 the capital or profits of the juridical person [Investor], person, where the juridical person is a partnership; where the juridical person is a partnership • more than 15% of the property or capital or profits of the Controlling ownership interest of more than 15% of juridical person, where the juridical person is an the property or capital or profits of the juridical person UBO-3 unincorporated association or body of individuals. [Investor], where the juridical person is an (ii) In cases where there exists doubt under clause (i) above as to unincorporated association or body of individuals whether the person with the controlling ownership interest is the beneficial owner or where no natural person exerts control Natural person exercising control over the juridical through ownership interests, the identity of the natural person person through other means exercised through voting exercising control over the juridical person through other rights, agreement, arrangements or in any other manner [In cases where there exists doubt under clause means like through voting rights, agreement, arrangements or UBO-4 in any other manner. 4 (a) above as to whether the person with the (iii) Where no natural person is identified under clauses (i) or (ii) controlling ownership interest is the beneficial owner or above, the identity of the relevant natural person who holds the where no natural person exerts control through position of senior managing official. ownership interests] Natural person who holds the position of senior B. For Investors which is a trust: UBO-5 managing official [In case no natural person cannot be The identity of the settler of the trust, the trustee, the protector, the identified as above] beneficiaries with 15% or more interest in the trust and any other UBO-6 The settlor(s) of the trust natural person exercising ultimate effective control over the trust through a chain of control or ownership. UBO-7 Trustee(s) of the Trust UBO-8 The Protector(s) of the Trust [if applicable]. C. Exemption in case of listed companies / foreign investors The client or the owner of the controlling interest is a company UBO-9 The beneficiaries with 15% or more interest in the trust listed on a stock exchange, or is a majority-owned subsidiary of if they are natural person(s) such a company, it is not necessary to identify and verify the identity Natural person(s) exercising ultimate effective control UBO-10 of any shareholder or beneficial owner of such companies. over the Trust through a chain of control or ownership

28 KOTAK BANKING AND PSU DEBT FUND KOTAK GILT INVESTMENT KOTAK BOND SHORT TERM

Kotak Banking and PSU Debt Fund Kotak Mahindra Gilt Unit Scheme ‘98 Kotak Mahindra Bond Unit Scheme ‘99 An Open Ended Debt Scheme (Investment Plan) (Short Term Plan) Continuous Offer from 5-Jan-1999 An Open-Ended Dedicated Gilts Scheme An Open-Ended Debt Scheme Earlier known as Kotak Mahindra Gilt Savings Scheme Continuous Offer from 5-Jan-1999 Continuous Offer from 3-May-2002 - 98 - Savings Plan. Scheme converted to an open This product is suitable for investors who are seeking* This product is suitable for investors who are seeking* ended debt scheme on August 14, 2013. income over a long investment horizon, investments income over a medium term horizon, investment in This product is suitable for investors who are seeking* in sovereign securities issued by the Central and/or debt & money market securities. Income over a short to medium term investment State Government(s) and / or reverse repos in such Low Risk (Blue) horizon, investment in debt and money market securities. securities of PSUs, banks and government securities. Low Risk (Blue) Low Risk (Blue)

KOTAK BOND KOTAK FLOATER LONG TERM KOTAK FLOATER SHORT TERM

Kotak Mahindra Bond Unit Scheme ‘99 Kotak Floater Long Term Scheme Kotak Floater Short Term Scheme An Open-Ended Debt Scheme An Open-Ended Debt Scheme An Open-Ended Debt Scheme Continuous Offer from 29-Nov-1999 Continuous Offer from 13-Aug-2004 Continuous Offer from 15-July-2003 This product is suitable for investors who are seeking* This product is suitable for investors who are seeking* This product is suitable for investors who are seeking* income over a long investment horizon, investment in income over a short term investment horizon, income over a short term investment horizon, debt & money market securities investment in debt & money market securities investment in floating rate securities, debt & money Low Risk (Blue) Low Risk (Blue) market securities Low Risk (Blue) KOTAK MONTHLY INCOME PLAN KOTAK FLEXI DEBT KOTAK INCOME OPPORTUNITIES FUND

Kotak Monthly Income Plan Scheme Kotak Flexi Debt Scheme Kotak Income Opportunities Fund An Open-Ended Income Scheme An Open-Ended Debt Scheme An Open-Ended Debt Scheme Continuous Offer from 03-Dec-2003 Continuous Offer from 06-Dec-2004 Continuous Offer from 12-May-2010 This product is suitable for investors who are seeking* This product is suitable for investors who are seeking* This product is suitable for investors who are seeking* income & capital growth over a long term horizon, income over a medium term investment horizon, income over a medium term investment horizon, investment in a portfolio of debt instruments with a investment in debt & money market securities investment in debt & money market securities moderate exposure in equity & equity related Low Risk (Blue) Low Risk (Blue) instruments Medium Risk (Yellow)

KOTAK MULTI ASSET ALLOCATION FUND KOTAK LIQUID KOTAK GOLD FUND

Kotak Multi Asset Allocation Fund Kotak Mahindra Liquid Scheme Kotak Gold Fund An Open-Ended Debt Scheme An Open-Ended Debt Scheme An Open-Ended Fund of Funds Scheme Continuous Offer from 27-Jan-2011 Continuous Offer from 06-Oct-2000 Continuous Offer from 5-Apr-2011 This product is suitable for investors who are seeking* This product is suitable for investors who are seeking* This product is suitable for investors who are seeking* income & capital growth over a long term horizon, income over a short term investment horizon, returns in line with physical gold, over medium to long investment in a portfolio of debt instruments with a investment in debt & money market securities term, subject to tracking error investment in Kotak moderate exposure in equity & equity related Low Risk (Blue) Gold ETF instruments and provides diversification by investing High Risk (Brown) in Gold ETFs Medium Risk (Yellow)