NASDAQ 100 - Opportunity to Invest in USD ~15 Trillion Market Cap Index Via FOF

1 1 NASDAQ 100 - Opportunity To Invest In USD ~15 Trillion Market Cap Index Via FOF

Apple + Amazon Market cap put together exceeds India’s Total market Cap

France India 2.9% India UK Germany France 2.4% Germany 2.3% 3.1% 2.4% 2.9% UK 3.2% 2.4% Japan Japan 6.8% 6.6% Others Others 30.4% 30.6% China China 10.5% 10.6%

USA USA 41.5% 41.3%

Market Cap (%) GDP (%)

Source: Bloomberg , GDP data for Oct 2020, Market Cap as on 31st Dec 2020. stocks mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy. It should not be construed as investment advice to any party. The stocks may or may not be part of our portfolio/strategy/ underlying scheme. 2 Some Of The World’s Best Innovative Industries Aren’t Available In The Listed Space In India.

Technology mega trends that will change the world

Cloud Computing & Digital Electronic Payments Transformation

Artificial Over-the-Top(OTT) Intelligence/Machine Streaming Learning

Autonomous Cars & 5 G Technology Machines

Disclaimer: The slide is meant to illustrate the larger themes and under-currents that are in play which may be driving the growth in said stock(s)/index/theme. The same may not necessarily fructify in the expected timeline or as expected. Themes mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy. It should not be construed as investment advice to any party. 3 Firms Shaping Our Future  Trio Of Quality, Growth and Longevity

Next-generation Devices Apple , Google

Next-generation Lifestyle Netflix, Amazon, Zoom, Tesla

Next-generation Software Microsoft, Adobe

Disclaimer: The slide is meant to illustrate the larger themes and under-currents that are in play which may be driving the growth in said stock(s)/index/theme. The same may not necessarily fructify in the expected timeline or in the expected manner. Stocks mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy. It should not be construed as investment advice to any party. The stocks may or may not be part of our portfolio/strategy/ underlying scheme. Past performance may or may not be sustained in future. 4 Going Forward, Trends Of Digitization Are Tailor-made For Tech

Source: McKinsey & Company, The slide is meant to illustrate the larger themes and under-currents that are in play which may be driving the growth in said stock(s)/index/theme. The same may not necessarily fructify in the expected timeline or in the expected manner. Theme mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy. It should not be construed as investment advice to any party. Past performance may or may not be sustained in future. 5 Digital Intensity Up In Almost Every Product And Service…

Source: McKinsey & Company, The slide is meant to illustrate the larger themes and under-currents that are in play which may be driving the growth in said stock(s)/index/theme. The same may not necessarily fructify in the expected timeline or in the expected manner. Theme mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy. It should not be construed as investment advice to any party. Past performance may or may not be sustained in future. 6 … These Trends Are Set To Last Beyond The Pandemic

The largest shifts during the crisis are also the most likely to stick through the recovery – Changing customer expectations, remote working, migration of assets to the cloud

Source: McKinsey & Company, The slide is meant to illustrate the larger themes and under-currents that are in play which may be driving the growth in said stock(s)/index/theme. The same may not necessarily fructify in the expected timeline or in the expected manner. Theme mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy. It should not be construed as investment advice to any party. Past performance may or may not be sustained in future. 7 Tech’s Share Of Revenues And Earnings Has Been Increasing In US

Revenue share – S&P 500 (%) Earnings share – S&P 500 (%)

Source: S&P’s Factset, Credit Suisse, The slide is meant to illustrate the larger themes and under-currents that are in play which may be driving the growth in said stock(s)/index/theme. The same may not necessarily fructify in the expected timeline or in the expected manner. Theme mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy. It should not be construed as investment advice to any party. Past performance may or may not be sustained in future. 8 Margins Have Been Stable For The Broad Market But They Have Been Rising For Technology Companies In US

EBIT Margins

Note: S&P 500 ex-Financials; Trailing 12-Month EBIT Margin; 4-Quarter Moving Average Source: S&P’s Factset, Credit Suisse, The slide is meant to illustrate the larger themes and under-currents that are in play which may be driving the growth in said stock(s)/index/theme. The same may not necessarily fructify in the expected timeline or in the expected manner. Theme mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy. It should not be construed as investment advice to any party. Past performance may or may not be sustained in future. 9 To Compound Superior Revenue Growth, Technology Companies Generate Twice As Much Free Cash Flow As The Others In US

Free cash flow as a % of Sales – TECH+ vs. S&P 500 ex-TECH+

Note: Trailing 12-months Source: S&P’s Factset, Credit Suisse, The slide is meant to illustrate the larger themes and under-currents that are in play which may be driving the growth in said stock(s)/index/theme. The same may not necessarily fructify in the expected timeline or in the expected manner. Theme mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy. It should not be construed as investment advice to any party. Past performance may or may not be sustained in future. 10 Why Could Nasdaq 100 Lead On The Growth Front Despite Its High Base?

New disruptors at global scale have been added to index in the past and same trend may continue

Some examples of additions to the index since 2010 Alphabet (Google) Splunk Inc.(Big data Software Company) Netflix Inc. Tesla Inc. Expedia ( Online Travel) Zoom (Video Telephony) Workday Inc (Cloud based ERP) Facebook Inc Moderna Inc (Healthcare, has Covid vaccine)

Source: Bloomberg, Stocks mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy. It should not be construed as investment advice to any party. The stocks may or may not be part of our portfolio/strategy/ underlying scheme. Past performance may or may not be sustained in future. 11 Superior Earnings CAGR Of Last Decade Has Potential To Get Better

Nifty IT’s superior earnings growth over FY10-20 is thanks to the depreciation of Rupee, adjusted for which, Nasdaq 100 earnings growth would be far superior

Data Source: Bloomberg consensus Estimates,. The above benchmark comparison is depicted to highlight the earnings growth potential of the US Benchmark -NASDAQ 100, S&P 500 Index vis-à-vis the Indian benchmark indices – Nifty 50 and Nifty IT Index. Past performance may or may not be sustained in future 12 In The Long Term, Market Weight Could Keep Inching Up With Rising Tech Intensity In US

1 Year Forward PE – S&P 500 segments Market Weight – S&P 500 (%)

Source: S&P’s Factset, Credit Suisse, The slide is meant to illustrate the larger themes and under-currents that are in play which may be driving the growth in said stock(s)/index/theme. The same may not necessarily fructify in the expected timeline or in the expected manner. Theme mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy. It should not be construed as investment advice to any party. Past performance may or may not be sustained in future. 13 Hence, Premium Valuations At All-time High PE Are Justified

1 year Forward Price to Earning Ratio 1 year Forward Price to Book Ratio

Nasdaq 100 10 Yr Avg PE (x) Nasdaq 100 10 Yr Avg PB (x) PE (x) 6.0 PB (x) 38.0 32.7

4.0 4.8 28.0

2.0 18.0

8.0 0.0

Jul-14

Jun-18 Jun-08 Jun-13

Sep-09 Sep-14 Sep-19

Dec-10 Dec-15 Dec-20

Jan-08 Jan-17

Nov-05

Jun-05

Mar-07 Mar-12 Mar-17

Oct-06 Oct-15

Dec-02 Dec-11 Dec-20

Aug-10 Aug-19

Mar-04 Mar-13

May-09 May-18

Data Source: Motilal Oswal Financial Services Ltd, Bloomberg consensus Estimates, Past performance may or may not be sustained in future 14 INR / USD Movement Offers An Additional Hedge In Case Of Weak Domestic Economy

A weak domestic economy may hurt the currency vis-à-vis the US dollar, which improves Rupee-denominated Nasdaq- 100 returns, offering an additional dimension of hedge.

INR / USD 80 75 70 65 60 55 50 45

Jan-09 Jan-11 Jan-13 Jan-15 Jan-17 Jan-19 Jan-21

Sep-09 Sep-11 Sep-13 Sep-15 Sep-17 Sep-19

May-10 May-12 May-14 May-16 May-18 May-20

Source: Bloomberg, Past performance may or may not be sustained in future. 15 Hedging Potential Against INR

1400 1200 NASDAQ 100 TRI in INR grew 11.3 times 1000 NASDAQ 100 TRI in USD grew 6.8 times 800 600 400 200 0 Dec-09 Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 NASDAQ 100 TR Index (INR) NASDAQ 100 TR Index (USD)

Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 NASDAQ 100 TRI (INR) 23.1 22.1 54.6 22.0 15.0 10.1 24.9 9.2 42.5 52.7

NASDAQ 100 TRI (USD) 3.7 18.4 36.9 19.4 9.8 7.3 33.0 0.0 39.5 48.9

Difference 19.5 3.8 17.7 2.6 5.2 2.8 -8.1 9.1 3.1 3.8

As on 31st Dec 2020 Data Source: Bloomberg, The Index performance is only to illustrate the behavior of NASDAQ 100 TRI based investing and should not be construed as promise of returns. Past performance may or may not be sustained in future. 16 Diversify Exposure To Businesses That Will Disrupt, Than Get Disrupted…

Retailers fear AMAZON Cabs have no answer to UBER

Cinemas fear getting obliterated by NETFLIX Airbnb is making hotels rethink their models

Source: Bloomberg, Stocks mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy. It should not be construed as investment advice to any party. The stocks may or may not be part of our portfolio/strategy/ underlying scheme. 17 …Which Get Valued Disproportionately Higher Than Traditional-model Peers

Market Capitalization (bn$) Cars sold 2019 (Mn)

THE FUTURE AUTOMOBILE

How many lines of code? Apple Google UBER • Passenger aircraft… 15 million Tesla • Modern fighter jet… 25 million • PC operating system… 40 million Cars today…. 100 million

Cars by 2030…. 300 million

Source: Company data , Bloomberg, McKinsey & Company Stocks mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy. It should not be construed as investment advice to any party. The stocks may or may not be part of our portfolio/strategy/ underlying scheme. Past performance may or may not be sustained in future. 18 NASDAQ 100 Index Vs. Indian Equities

19 NASDAQ 100 Index -Tech Skew But Other Long Haul Businesses Too

Stock Name GICS Sector PepsiCo Inc Consumer Staples T-Mobile Us Communication Services Costco Wholesale Consumer Staples Starbucks Corp Consumer Discretionary Booking Holdings Inc Consumer Discretionary Mondelez Intl Consumer Staples Gilead Sciences, Inc Health Care Marriott Intl Consumer Discretionary Kraft Heinz Co Consumer Staples Moderna Inc Health Care

Source: Bloomberg, Stocks mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy. It should not be construed as investment advice to any party. The stocks may or may not be part of our portfolio/strategy/ underlying scheme. 20 NASDAQ 100 With Non-financial Stocks, V/S Nifty 50 and Nifty 500’s Financials Skew

GICS Sector Nifty 50 Nifty 500 NASDAQ 100 Financials 38.8 33.1 - Information Technology 16.3 12.6 47.9 Energy 12.6 9.4 - Consumer Staples 8.4 9.1 5.2 Materials 6.7 8.9 - Consumer Discretionary 6.5 8.2 19.2 Health Care 3.6 6.0 6.4 Industrials 3.2 6.2 1.9 Communication Services 2.0 2.8 18.4 Utilities 2.0 3.0 1.0 Total 100.0 100.0 100.0

As on 31st Dec 2020 Source: Bloomberg, Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy. It should not be construed as investment advice to any party. The stocks may or may not be part of our portfolio/strategy/ underlying scheme. 21 Comparison of NASDAQ 100 with Nifty 50 and Nifty 500 Index

Nifty 50 Nifty 500 NASDAQ 100

Total Market Cap ($ Bn) 1,489 2,429 15,084

Indian / US Market Cap Coverage 59% 96% 35%

Number of Companies 50 500 100

Largest Sector Weight Financials (38.8%) Financials (33.2%) IT (47.9%)

As on 31st Dec 2020

Data Source: Bloomberg, stocks/sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy. It should not be construed as investment advice to any party. The stocks / sectors may or may not be part of our portfolio/strategy/ underlying scheme. The above benchmark comparison is depicted to highlight the performance potential of the US Benchmark -NASDAQ 100 Index vis-à-vis the Indian benchmark indices – Nifty 50 and Nifty 500. Past performance may or may not be sustained in future

22 Does NASDAQ 100 TRI Investments Add Value To Investors?

NASDAQ 100 TRI (INR) has outperformed Nifty 50 TRI, Nifty 500 TRI and Nifty IT TRI significantly during last 10 year

1400 1230 1200

1000

800

600

400 307

200 301

0 Dec-09 Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 NASDAQ 100 TRI (INR) NIFTY 50 TRI Nifty 500 TRI Note: Index data rebased to 100 since January 2010 till December 2020 Source: Bloomberg, The Index performance is only to illustrate the behavior of NASDAQ 100 TRI based investing and should not be construed as promise of returns. The above benchmark comparison is depicted to highlight the performance potential of the US Benchmark -NASDAQ 100 TRI vis-à-vis the Indian benchmark indices – Nifty 50 TRI and Nifty 500 TRI. Past performance may or may not be sustained in the future. 23 Performance

52.7

36.5 36.7 33.4

26.7 23.2 17.9 16.1 13.4 11.3 12.7 7.9

6 M 1 Yr 3 Yr 5 Yr NASDAQ 100 TRI (INR) NIFTY 50 TRI Nifty 500 TRI

As on 31st Dec 2020

Source: Bloomberg, Returns greater than 1 year are compounded annualized (CAGR). The Index performance is only to illustrate the behavior of NASDAQ 100 TRI based investing and should not be construed as promise of returns. The above benchmark comparison is depicted to highlight the performance potential of the US Benchmark -NASDAQ 100 TRI vis-à-vis the Indian benchmark indices – Nifty 50 TRI, Nifty 500 TRI. Past performance may or may not be sustained in the future. 24 Historical Performance

Year Nifty 50 TRI Nifty 500 TRI NASDAQ 100 TRI (INR) CY10 19.2 15.3 15.4 CY11 -23.8 -26.4 23.1 CY12 29.4 33.5 22.1 CY13 8.1 4.8 54.6 CY14 32.9 39.3 22.1 CY15 -3.0 0.2 15.0 CY16 4.4 5.1 10.1 CY17 30.3 37.7 24.9 CY18 4.6 -2.1 9.2 CY19 13.5 9.0 42.5 CY20 16.1 17.9 52.7

Source: Bloomberg , All returns are absolute. The Index performance is only to illustrate the behavior of NASDAQ 100 TRI based investing and should not be construed as promise of returns. The above benchmark comparison is depicted to highlight the performance potential of the US Benchmark -NASDAQ 100 TRI vis-à-vis the Indian benchmark indices – Nifty 50 TRI, Nifty 500 TRI. Past performance may or may not be sustained in the future. 25 Reduced risk Indian Markets Have Low Correlation With NASDAQ 100 TRI

Since CY04 Nifty 50 TRI Nifty 500 TRI NASDAQ 100 TRI (INR)

NIFTY 50 TRI 1.00 0.98 0.22

Nifty 500 TRI 1.00 0.21

NASDAQ 100 TRI (INR) 1.00

As on 31st Dec 2020

Diversification could be achieved by including assets that are not perfectly correlated to each other.

Data Source: Bloomberg. Correlation of weekly total returns as of Jan, 2004 to Dec 31, 2020. The above benchmark comparison is depicted to highlight the performance potential of the US Benchmark -NASDAQ 100 TRI vis-à-vis the Indian benchmark indices – Nifty 50 TRI, Nifty 500 TRI Index. Past performance may or may not be sustained in the future. 26 Better Risk Adjusted Returns

Risk Adjusted Returns (%) 1 Year 3 Year 5 Year 7 Year 10 Year 15 Year NASDAQ 100 TRI (INR) 1.48 1.27 1.20 1.18 1.34 0.88 Nifty 50 TRI 0.52 0.54 0.75 0.79 0.57 0.56 Nifty 500 TRI 0.62 0.40 0.73 0.85 0.60 0.56

Returns (CAGR %) 1 Year 3 Year 5 Year 7 Year 10 Year 15 Year

NASDAQ 100 TRI (INR) 52.7 33.4 26.7 24.3 26.7 19.6 Nifty 50 TRI 16.1 11.3 13.4 13.4 9.9 12.6 Nifty 500 TRI 17.9 7.9 12.7 14.2 10.1 12.2

Standard Deviation (Annualized %) 1 Year 3 Year 5 Year 7 Year 10 Year 15 Year

NASDAQ 100 TRI (INR) 35.7 26.4 22.2 20.7 20.0 22.3 Nifty 50 TRI 30.9 20.8 17.9 17.0 17.3 22.6 Nifty 500 TRI 29.1 20.0 17.5 16.7 16.8 21.9

Data Source: Bloomberg, As on 31/12/2020, Returns greater than 1 year are compounded annualized (CAGR). The above benchmark comparison is depicted to highlight the performance potential of the US Benchmark -NASDAQ 100 TRI vis-à-vis the Indian benchmark indices – Nifty 50 TRI, Nifty 500 TRI . Past performance may or may not be sustained in the future. 27 SIP Return

NASDAQ 100 TRI (INR) 1 Year 3 Year 5 Year 7 year 10 Year Returns 58.4% 38.6% 32.3% 28.0% 27.2% Amount Invested 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 Market Value 1,55,166 6,19,647 13,23,289 22,71,692 50,81,089

Nifty 50 TRI 1 Year 3 Year 5 Year 7 year 10 Year Returns 60.7% 17.6% 14.9% 13.1% 12.9% Amount Invested 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 Market Value 1,56,426 4,66,822 8,71,087 13,40,209 23,53,144

Nifty 500 TRI 1 Year 3 Year 5 Year 7 year 10 Year

Returns 61.6% 16.5% 13.7% 12.7% 13.1% Amount Invested 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 Market Value 1,56,972 4,59,698 8,46,321 13,21,946 23,70,747 Source: MFI Explorer , Data as on close of 31/12/2020. Performance as of Close of Jan 1, 2011 – Dec 31, 2020. For SIP returns, monthly investment of INR 10,000/-invested on the first trading day of every month has been considered. Performance is calculated using Total Return Index, with zero cost/expenses. Past performance may or may not be sustained in the future. The above benchmark comparison is depicted to highlight the performance potential of the US Benchmark -NASDAQ 100 TRI vis-à-vis the Indian benchmark indices – Nifty 50 TRI, Nifty 500 TRI . Past performance may or may not be sustained in the future. 28 Diversification And Asset Allocation Using NASDAQ 100 TRI

450 427 450 Portfolio Nifty 50 NASDAQ100 TRI Portfolio Nifty 500 NASDAQ100 421 400 Name TRI (INR) 400 Name TRI TRI (INR) 350 Portfolio 1 100% -- Portfolio 1 100% -- 307 350 Portfolio 2 80% 20% Portfolio 2 80% 20% 302 300 300

250 250

200 200

150 150

100 100

50 50

Portfolio 1 Portfolio 2 ( Nifty 50 TRI (80%) + NASDAQ 100 TRI (20%)) Portfolio 1 Portfolio 2 ( Nifty 500 TRI (80%) + NASDAQ 100 TRI (20%)) Note: Index data rebased to 100 since January 2010 till December 2020, Performance is in INR NASDAQ 100 TRI (INR) allocation has improved portfolio performance significantly Data Source: Bloomberg, Performance as on 30/10/2020 . The Portfolio 2 is a simulation based on 80:20 allocation between Nifty 50 TRI / Nifty 500 Index and NASDAQ 100 TRI Index in INR Terms. The above is only a test of concept and is not a guarantee of future return. The above benchmark comparison is depicted to highlight the performance potential of the US Benchmark -NASDAQ 100 TRI vis-à-vis the Indian benchmark indices – Nifty 50 TRI, Nifty 500 TRI. Past performance may or may not be sustained in the future. 29 Why Invest In Kotak NASDAQ 100 Fund Of Fund ?

Access to companies not present in India

Diversification benefits due to low co-relation

Hedge against INR depreciation

NASDAQ 100 Index has very long track record, since January 31, 1985

NASDAQ 100 Index is home to some of the most well-known names in technology

30 Fund Features & Risk Factors

31 Product Structure

Kotak iShares Indian NASDAQ NASDAQ Investor 100 FOF 100 ETF

Note: Kotak Nasdaq100 FOF would invest in IShares Nasdaq100 ETF , Lyxor Nasdaq 100 ETF and USAA NASDAQ-100 Index fund or similar overseas ETF/ and/or Index Fund based on NASDAQ 100 Index as mentioned in scheme information document. 32 iShares NASDAQ 100 UCITS ETF USD (Acc)

The Fund seeks to track the performance of an index composed of 100 of the largest non-financial companies listed on the NASDAQ Stock Market.

Annualized Performance (%) Calendar Year Performance (%)

1 Year 3 Year 5 Year 10 Year 2015 2016 2017 2018 2019 2020 iShares NASDAQ 100 52.1% 32.3% 25.8% 26.0% 14.2% 9.8% 23.9% 8.0% 41.0% 52.1% ETF (INR) NASDAQ 100 TRI (INR) 52.7% 33.4% 26.7% 26.7% 15.0% 10.1% 24.9% 9.2% 42.5% 52.7%

As on 31st Dec 2020

iShares NASDAQ 100 ETF iShares NASDAQ 100 ETF ~46,771 Cr ($ 6,317 Mn) 0.33% Net Assets (Nov 20) Total Expense Ratio (Nov 20)

Source: Bloomberg, iShares Factsheet, The Performance shown above is of the iShares NASDAQ 100 ETF . The above stated performance may not translate fully into Kotak Nasdaq 100 FOF. FOF performance may also get affected by fund expenses, cash balance with fund, fund transactions and currency play. Kotak Nasdaq100 FOF would invest in IShares Nasdaq100 ETF , Lyxor Nasdaq 100 ETF and USAA NASDAQ- 100 Index fund or similar overseas ETF/ and/or Index Fund based on NASDAQ 100 Index as mentioned in scheme information document. Past performance may or may not be sustained in future. 33 Key Features

Name of the Scheme Kotak NASDAQ 100 Fund of Fund Category of Scheme Fund of Fund An open ended fund of fund investing in units of overseas ETF’s and/or Index Fund based on Type of the Scheme NASDAQ 100 Index Benchmark Name NASDAQ 100 TRI

The investment objective of the scheme is to provide long-term capital appreciation by investing in Investment Objective units of overseas ETF’s and/or Index Fund based on NASDAQ 100 Index However, there is no assurance that the investment objective of the Scheme will be realized

Fund Manager(s) Mr. Arjun Khanna and Mr Abhishek Bisen Minimum Investment Size Initial Purchase (Non-SIP) - Rs. 5000/-and in multiples of Rs. 1 for purchases, and Re 0.01 for Minimum Application Amount switches. (During Continuous Offer) Additional Purchase (Non-SIP) -Rs. 1000/-and in multiples of Rs. 1 for purchases, and Re 0.01 for switches. SIP Purchase - Rs. 1000/- (Subject to a minimum of 6 SIP instalments of Rs. 1000/- each)

Available Plans/Options A) Regular Plan B) Direct Plan

Each Plan offers Growth Option 34 NASDAQ 100 Index Composition

Top 10 Constituents Weight (%) GICS Sector Weight (%)

Constituent Name Weight GICS Sector Name Utilities 1.0 Apple Inc. 12.3% Information Technology Industrials 1.9 Microsoft Corp 9.1% Information Technology

Amazon Com Inc 8.9% Consumer Discretionary Consumer Staples 5.2 Tesla Inc 4.5% Consumer Discretionary Facebook Inc 3.6% Communication Services Health Care 6.4 Alphabet Inc 3.1% Communication Services Communication Services 18.4 Alphabet Inc A 2.9% Communication Services Nvidia Corp Com 2.7% Information Technology Consumer Discretionary 19.2 PayPal Holdings Inc 2.3% Information Technology Information Technology 47.9 Adobe Inc 2.0% Information Technology

Total 51.3% -- 0 10 20 30 40 50 60 As on 31st Dec 2020 Data Source: Bloomberg, stocks/sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy. It should not be construed as investment advice to any party. The stocks may or may not be part of our portfolio/strategy/ underlying scheme. Past performance may or may not be sustained in future 35 Features of The NASDAQ 100 Index

• The Nasdaq-100® is one of the world’s preeminent large-cap growth indexes. It includes 100 of the largest domestic and international non-financial companies listed on the Nasdaq Stock Market based on market capitalization.

Key Features

• Index has very long track record, first index values starts since January 31, 1985

• The NASDAQ-100 Index includes 100 of the largest domestic and international non-financial companies listed on The NASDAQ Stock Market.

• The Index reflects companies across computer hardware and software, telecommunications, retail/wholesale trade and biotechnology.

• Nasdaq-100 is home to some of the most well-known names in technology—including Apple, Microsoft, Alphabet, Intel, and Facebook—the index also includes category-defining companies on the forefront of innovation in other key industries such as Amgen, Starbucks, and Tesla.

• Index composition is reviewed on an annual basis in December. Source: Nasdaq.com, stocks/sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy. It should not be construed as investment advice to any party. The stocks may or may not be part of our portfolio/strategy/ underlying scheme. 36 Riskometer

This Product is suitable for investors who are seeking* Riskometer

• long-term capital growth

• Return that corresponds generally to the performance of the NASDAQ-100 Index, subject to tracking error.

• Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

37 Disclaimer

These materials are not intended for distribution to or use by any person in any jurisdiction where such distribution would be contrary to local law or regulation. The distribution of this document in certain jurisdictions may be restricted or totally prohibited and accordingly, persons who come into possession of this document are required to inform themselves about, and to observe, any such restrictions.

The information contained in this document is extracted from different public sources. All reasonable care has been taken to ensure that the information contained herein is not misleading or untrue at the time of publication. This is for the information of the person to whom it is provided without any liability whatsoever on the part of Kotak Mahindra Asset Management Co Ltd, Kotak Mahindra Trustee Company Limited or any associated companies or any employee, directors thereof. We are not soliciting any action based on this material and is for general information only.

The views expressed in this presentation are through the period ending 31st Dec 2020 and are subject to change at any time based on market and other conditions. This is not an offer or solicitation for the purchase or sale of any security and should not be construed as such. References to specific securities and issuers are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations to purchase or sell such securities.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

38 Disclaimer

The Product(s) is not sponsored, endorsed, sold or promoted by Nasdaq, Inc. or its affiliates (Nasdaq, with its affiliates, are referred to as the “Corporations”). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of descriptions and disclosures relating to, the Product(s). The Corporations make no representation or warranty, express or implied to the owners of the Product(s) or any member of the public regarding the advisability of investing in securities generally or in the Product(s) particularly, or the ability of the Nasdaq-100 to track general stock market performance. The Corporations' only relationship to Kotak Mahindra Asset Management Co. Ltd. (“Licensee”) is in the licensing of the Nasdaq®, Nasdaq®, NASDAQ-100 ®, NASDAQ-100 INDEX®, and certain trade names of the Corporations and the use of the Nasdaq-100 which is determined, composed and calculated by Nasdaq without regard to Licensee or the Product(s). Nasdaq has no obligation to take the needs of the Licensee or the owners of the Product(s) into consideration in determining, composing or calculating the Nasdaq-100. The Corporations are not responsible for and have not participated in the determination of the timing of, prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the equation by which the Product(s) is to be converted into cash. The Corporations have no liability in connection with the administration, marketing or trading of the Product(s).

THE CORPORATIONS DO NOT GUARANTEE THE ACCURACY AND/OR UNINTERRUPTED CALCULATION OF NASDAQ-100 OR ANY DATA INCLUDED THEREIN. THE CORPORATIONS MAKE NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY LICENSEE, OWNERS OF THE PRODUCT(S), OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE NASDAQ-100 OR ANY DATA INCLUDED THEREIN. THE CORPORATIONS MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE NASDAQ-100 OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL THE CORPORATIONS HAVE ANY LIABILITY FOR ANY LOST PROFITS OR SPECIAL, INCIDENTAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES, EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

Nasdaq®, Nasdaq®, NASDAQ-100 ®, NASDAQ-100 INDEX®, are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Kotak Mahindra Asset Management Co. Ltd. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

39 Thank You