LONG TERM INCOME FACILITY* for Regular Withdrawal from the Scheme

May 31, 2016

Introducing LONG TERM INCOME FACILITY* for regular withdrawal from the scheme

*Long Term Income (LTI) facility is an attempt at answering the need for predictable long term cashow of investors. This facility will allow investors to redeem a xed sum of money periodically i.e. 0.75% of the investment amount on monthly basis at the prevailing Net Asset Value (NAV).

Advantages of Long Term Income Facility

Regular Cashow Easy Liquidity Exit Load Waiver Tax Efcient

For more information log on to assetmanagement.kotak.com or call 1800-22-2626 EXPERT SPEAK

Mr. Nilesh Shah

June 30, 2016

Dear Friends, Half of CY 2016 is behind us. Many things done, many more waiting to be. For a market watcher, the year's big story so far has to be Brexit and Rexit and for some: even Mexit (Messi's exit) . There are many political and economic statements to be made, as have been already. The markets reacted differently to the events. And that itself is a story. What we learn from it is one thing - The world is uncertain and even best commentators are kept guessing when the reality unfolds. So how do we tide over these event led volatilities as and when they come. First thing is that we accept that such events will come from time to time. And that: equity market is not a smooth upward curve but a volatile yet mostly upward trending long term opportunity that one needs to ride through. In other words, you have to use volatility to enter the market prudently and wait for upswings to enjoy wealth growth. Other thing is that such events test the discipline of the steady SIP investor. It also teaches us the prudence of maintaining a sliver of cash to capture market downturns as it comes. In India's case, Rexit came as a disappointment to many. This is because Dr Raghuram Rajan is seen as an efficient governor who has ably brought down WPI & CPI inflation without harming growth prospects. His initiatives and outreaches have been seen as being in reformist mould. His initiatives in ensuring bank balance-sheet clean-ups too have brought transparency and cheers from proponents. Lastly, he has been perhaps more market oriented rather statist view. For that reason, more banking licences have been handed out in his tenure than in the past. And as we speak, the institution is on course to make the process a year round affair making banking licenses available on 'tap'. Brexit was an event for which frankly the world was mostly unprepared for notwithstanding the pre-poll data. The event came, jolted the market and went away. Having said that, markets have done a superb job till now to take it in stride. But the devil is in the details of the hundreds of fresh documentation that would need to be done between Britain and EU. This event may therefore have some more impact from time to time. More importantly, the Brexit has put the idea of EU at risk - if not in immediate jeopardy. Many separatist parties are vying for similar outcome. India specific, the impact is largely due to volatility in the INR and its potential impact on the banking system liquidity At the home turf, the average AUM numbers by AMFI was a matter of pride and humble submission for us. With your able support and outreach Kotak MF reached an average AUM of Rs 62,874 crore. This is around 15,000 crore more than last year. Because of this jump, your mutual fund is now ranked 8th in the industry. Our rate of growth at 30.78% too was above the industry average (15.53%). In our endeavour to offer quality investment solutions, we have introduced Kotak Long Term Income Facility (LTIF), an attempt at answering the need for predictable long term cash flow of investors. This, and many more such solutions would be introduced in line with our objective of customer centricity. We remain convinced that your continued support and cooperation would only add to our mutual growth in times to come. Wishing you a happy Monsoon Season, Regards, Nilesh Shah Managing Director

1 EQUITY VIEW

This has been a month of exits starting with RBI Governor Raghuram Rajan announcing that he would be returning to academia at the end of his term in September 2016 followed by the outcome of the referendum in United Kingdom (UK), whereby contrary to hope, majority voted in favour of exiting the European Union (EU). While global events have been at the fore this month, domestic factors such as the progress of the monsoons, steps being taken towards the resolution of banking system stress and hopes of the passage of the Goods and Services Tax (GST) Bill have also been the been drivers of the market. In the midst of global uncertainty, Foreign Institutional Investors (FIIs) have been net buyers in equities (for the month of June '16) to the tune of USD 555 mn The FII net outflow in debt has been sharper at USD 922 mn. As we move into the month of July '16, it is likely that investor focus will shift towards the quarterly earning season, progress of the monsoons (July being the key month for crop sowing) and the monsoon session of the Parliament. The Indian corporate sector would also move towards the adoption of the new Indian Accounting Standards (Ind-AS), the impact of which would be visible from Q1FY17 onwards. The Union Cabinet has approved the recommendations of the 7th Pay Commission. The resultant salary hike and the payment of arrears would help boost domestic consumption and be positive for automobiles, consumer durables, housing and home improvement sectors. With the Nifty trading at 17.5xFY17E EPS and 14.5xFY18E EPS (on a free float basis), valuations currently are in the fair zone and hence the need for earnings growth momentum to improve from here on in order to support the market momentum. Macro parameters remain robust with signs of moderate improvement in growth, adequate forex reserves to combat INR volatility and a benign interest rate environment. Brexit: Implications for the global economy: Near term uncertainty to prevail; Central banks to ensure liquidity remains ample Britain voted in a referendum to leave the EU with a 51.9% majority. The immediate effects of the same were visible in the currency markets with the GBP moving to decades low against the USD and other risky asset classes taking a beating. Prime Minister Cameron resigned and passed on the responsibility of the next steps to his successor. A Brexit like event opens a Pandora's box in terms of the degree of uncertainty in the already fragile global economic backdrop. However, we must take cognizance of the fact that while clearly the event would result in uncertainty for a period of time, unlike during the global financial crisis of 2007-08, regulators will seek to ensure minimum financial market volatility and maybe even act in a concerted manner if so required. We believe that global equity markets in the near term would price in (1) uncertainty around the political developments in the EU and (2) lower GDP growth. Global equities have been supported by low 'global' cost of equity and markets will now price higher risk and lower economic (and earnings) growth which may lead to lower multiples. In this regard, the central banks across the world are likely to respond in the following manner:

Provision of enhanced liquidity to the banking system, including reopening of cross-border swap lines and stand-by emergency liquidity.

Central bank policy would remain accommodative. In this context, it is also likely the US Federal Reserve would push back any rate hikes to the end of the year or to CY17 given the impact on growth in the Euro zone and the strengthening of the USD. Central banks could co-ordinate their policy interventions globally, especially if there was any need for interventions in the forex markets. Implications for Indian economy: India remains relatively insulated The Indian market will undoubtedly be affected by global factors but we expect it to hold out better versus other Emerging Markets (EMs) given its (1) strong macroeconomic position and (2) limited linkages to global influences. The Indian economy is relatively insulated from global forces as it is a largely domestic economy. India's goods exports to UK stood at USD 8.9bn in FY16 (~3.2% of total) in sectors such as textiles, automobiles, pharmaceuticals, jewellery etc. With India's imports from UK at USD 5.2bn (1.3% of total), India had a trade surplus of USD 3.7bn with UK in FY16. Overall the impact of Brexit on the Indian economy and markets would likely be the following:

We do not expect any material impact on India's Current Account Deficit (CAD), fiscal deficit and inflation as a result of the Brexit. Lower crude prices (in the event of USD strengthening) will moderate the impact of lower exports on CAD and provide additional cushion to the government's finances (lower subsidies) and reduce commodity inflation. In this context, the main thing to watch out for would be rise in gold prices which may distort household savings behaviour if it sustains for long. The cumulative foreign direct investment from UK stood at USD 23bn since April 2000, representing around 8% of total FDI (Foreign Direct Investments) inflows in that period. Similarly, portfolio investment from UK stood at around 5% of total portfolio investment in May 2016. In the near term, any volatility in financial markets/exchange rate is likely to be addressed by RBI's foreign exchange interventions. The current forex reserves stand at USD 364bn i.e. 11 month of import cover. Further, if the uncertainty persists and leads to meaningfully lower growth in the global economy, we expect RBI to turn incrementally more accommodative. We maintain our view of the USD/INR depreciating mildly in FY17 and expect the USD/INR to trade in the range of 65-70 in FY17 and average 68 in FY17 (Average of 65.5 in Fy16). Adoption of the 7th Pay Commission recommendations boost to help consumption growth The Indian Cabinet has approved the recommendations of the 7th Central Pay Commission (CPC). This will result in a 16% hike in basic pay and 23.6% hike in pensions. The recommendations w.r.t to increase in allowance have however not yet been approved. The recommendations will be effective 1st January 2016 and arrears will be paid out in FY17 itself. The cumulative impact of the CPC would be to the tune of INR 849bn (USD 12bn) in FY17 or 0.6% of GDP (of which the Union Government will bear INR 606bn (USD 8.8bn) while the railways would bear INR 243bn or USD 3.5bn) With the implementation of the 7th CPC, real GDP growth in India is expected to receive a boost with positive impact on account of higher private and government spending. Further, many of the State Governments are expected to announce their own pay commissions by end of 2016 or early 2017 which would add to the growth in private consumption expenditure. From a sectoral perspective, we expect that this would be positive for retail, automobiles, consumer durables, home improvement and housing sectors. With the recommendations on allowances postponed for now, the expected impact of the CPC on CPI (consumer price index) inflation would now be significantly lower as there would not be any hike in the HRA (House Rent Allowance) which has a large weightage in the CPI index. We expect CPI inflation to average ~5.5% in FY17. RBIs Financial Stability Report : Stress remains high, need to capitalise banks especially PSU Banks Reserve Bank of India (RBI) has released its Bi-annual Financial Stability Report (FSR) for June 2016. The report states that the risks to the banking sector increased due to deteriorating asset quality and sluggish profitability. While stress tests reveal resilience, the system could become vulnerable if the macroeconomic conditions deteriorate sharply. As per the report, current GNPLs (Gross Non Performing Loans) of the banking system stood at 7.6% (5.1% in H1FY16). This, in a stress case can rise to 9.7% and in a baseline case will likely rise to 8.5% by FY17. Overall stressed assets (including restructured loans) in the system stood at 11.5% of loans as on March 2016. We believe, that there is an urgent need to find resolutions to the high levels of stressed assets in the system. Further , given the level of impairment, banks with high NPLs may remain risk averse for some more time as their focus would be on strengthening balance sheet. Moreover, their capital position may impact their ability to meet credit delivery. Hence, there is an urgent need for the Government to recapitalise these banks, especially PSBs (Public Sector Banks) while keeping a control on the overall fiscal position.

Key Variables Short - Medium - Remarks term term Economy Improving growth, falling inflation

Corporate Earnings Improving operating leverage, falling interest costs and improvement in working capital can accelerate earnings, but a bit back-ended (FY17) FII Flow India stands out among global asset classes, with faster EPS growth & improving macro-economic variables, however it is over-owned by FII and any near-term risk- off environment like Fed rate hike impacts Indian flows DII Flow Focus on improving financial savings of households

Supply of paper Higher disinvestment target and repair of leveraged balance sheet to create supply in markets

Interest Rates Fall in interest rates to help revive demand and reduce stress for companies with significant debt. Market expecting better transmission of rates. Policy/Reform GST is key reform for government to focus on; if it gets Initiative passed, can provide a significant fillip 2 DEBT VIEW

Items Jun-16 May-16 Change Reverse Repo 6.00% 6.00% Nil Repo 6.50% 6.50% Nil CRR 4% 4% Nil SLR 21.25% 21.25% Nil Mibor Overnight 6.43% 6.54% -11bps Call(O/N) 6.38% 6.40% -2 bps CBLO 6.37% 6.45% -8 bps 1 yr T Bill 6.88% 6.93% -5 bps 10 G Sec 7.45% 7.47% -2 bps 5 Year AAA 8.05% 8.04% -1 bps USD/INR 67.61 67.35 -26 paise Source: RBI; ICRAonline.

Key Events:

The RBI left its key policy rates and reserve ratios unchanged. CPI inflation firmed up substantially to 5.76% in May 2016 from 5.47%(revised) in April 2016, led by food and beverages. India's merchandise exports were down 0.79% at $22.17 billion in May 2016, compared to the same month last year. Imports declined 13.16% to $28.44 billion in May 2016. The trade deficit narrowed to $6.27 billion in May 2016 from $10.41 billion in May 2015. India's current account deficit in the January-March quarter narrowed to $300 million, or 0.1 % of gross domestic product, from $7.1 billion, or 1.3 % of GDP in the previous quarter. Raghuram Rajan, India's central bank governor, has announced that he will step down after just one three-year term. Britain decided to exit the European Union (EU). The UK's credit rating outlook was downgraded from "stable" to "negative" and EU was downgraded from AA+ to AA. BoE Governor Carney has said that more stimulus likely to brace from Brexit impact. Oil prices remain largely unchanged on month on month basis and closed at $49.78/barrel (0.18% MoM) The IMD has said that the month of June ended with the monsoon registering a 11% deficit because of its late start. It expects rains to pick up in July, which is also the most imp season for sowing kharif crops. Government decided on June 20, 2016 eased FDI norms in civil aviation, single-brand retail, defence and pharma by permitting more investments under automatic route. The RBI has allowed lenders to carve out the "unsustainable" portion of their loans to troubled corporates and convert them into equity. The new restructuring scheme will help public sector banks in cleaning up large chunks of their bad loans, which amount to Rs 4.76 lakh crore. Russia's central bank cut the rate by a half-point to 10.5 %, the first cut since July 2015, signaling confidence that inflation risks are declining and describing an economic recovery as "imminent".

Debt Outlook

 Bond yield have rallied by 7-12 bps during last week of the June 2016  Both Domestic Factors (Certainty of good monsoon , passage of GST) and Global Factors ( Brexit leading to reduced Fed rate hike expectation and drop in global bond yields) will aid fall in bond yields further.  In case the global situation worsen leading to coordinated action of Central Banks , we may see a sharper drop in bond yields  There is possibility of 25-50 bps repo rate cut in rest of FY 17 if Inflation remains below RBI's target range of 5%  In addition, the RBI's stated intention to reduce liquidity deficit to zero implies an OMO of around Rs 1.50 -2.00 lakh crore in FY 17 ( YTD Rs 80,000 Crore OMOs done ) which is positive for bonds.  For above stated reasons, we believe that the 10 year gilt may trend downward and hover in the range of 7-7.15% over next 6 months

Short-Term Curve (3m -24 m): Given the easy liquidity situation and average CBLO rate in the 6.25-6.35% band , short term rates up to 3 months have come down by 25 -35 bps during last 1 months Given the drop in short term yields and steep yield curve, we expect rates up to 2 year to ease by 10-15 bps over the course of next 2-3 months. Key variables & their impact on interest rates: Key Variables Short - term Medium – term (3-6 month) (6month – 2 years) Inflation

Rupee

Credit Demand

Government Borrowing

RBI Policy

Global Event Risk

Corporate bond Spread

Debt FII flow

Liquidity Denotes fall in interest rates 3

3 GOLD VIEW

The month of June will be remembered as one of the most eventful in the history of modern politics. Britain decided to move out of European Union (Brexit) which was widely unexpected and had not been priced by the financial markets. Globally currencies, commodities (ex-gold) and equities got hammered. However for bonds it was completely opposite as the event was termed as risk off and resulted in yields falling. Brexit came as a surprise and came at a time when India Sovereign bonds were already grappling with RRexit (RBI Governor Raghuram Rajan deciding not to seek a term extension)

Gold has always been perceived to be a safe haven currency in the time of geo political risk or excessive easing in MPR(Monitory Policy Review) particularly by the US Federal Reserve. In last 3 years gold was trending downwards after the Fed started unwinding the QE (Quantitative Easing). It fell to US$1050 from US$1410 mark. We gave a call on gold in the month of Jan 2016 when it was priced at around USD1050-1075 as it was very close to cost of production and was pricing in most of negative factors, purely on technical reasons and with the expectation that in case a Brexit like event occurs it would be huge positive for gold. Gold prices since then have rallied almost 30%. The Brexit event was the sole contributor to the recent rally. It has been widely observed that whenever there is a threat to any of the world's major currencies, gold has rallied. Purely on technical reasons if the Gold price sustains above 1360-80 band, it may trigger a rally further. With the fear of the GBP sliding to 1.15 to a dollar, prices of gold and other precious metals could strengthen.

4 EQUITY SCHEMES INVESTMENT STYLE Style Value Blend Growth Size KOTAK 50 Large An Open - Ended Equity Scheme Mid

(As on June 30, 2016) Small

Investment Objective PORTFOLIO To generate capital appreciation from a Issuer/Instrument Industry/Rating % to Net portfolio of predominantly equity and Issuer/Instrument Industry/Rating % to Net Assets equity related securities. The portfolio will Assets generally comprise of equity and equity Equity & Equity related (Listed/Awaiting listing on Stock Colgate Palmolive (India ) Ltd. Consumer Non Durables 0.97 related instruments of around 50 Exchange) Bharat Electronics Ltd Industrial Capital Goods 0.95 companies which may go up to 59 HDFC Bank Ltd. Banks 8.53 DB Corp Limited Media and Entertainment 0.94 companies but will not exceed 59 at any Infosys Ltd. Software 8.23 Supreme Industries Limited Industrial Products 0.94 ITC Ltd. Consumer Non Durables 4.89 Alstom India Limited Industrial Capital Goods 0.93 point in time. However, there is no ICICI Bank Ltd. Banks 4.65 Tech Mahindra Ltd. Software 0.89 assurance that the objective of the scheme IndusInd Bank Ltd. Banks 4.15 Bank Of Baroda Banks 0.81 will be realized. Reliance Industries Ltd. Petroleum Products 4.05 Adani Port and Special Economic Axis Bank Ltd Banks 4.04 Zone Limited Transportation 0.73 Allotment Date Larsen And Toubro Ltd. Construction Project 3.85 Fag Bearings India Ltd. Industrial Products 0.59 Sun Pharmaceuticals Dabur India Ltd Consumer Non Durables 0.54 December 29,1998 Industries Ltd. Pharmaceuticals 3.42 Bharat Forge Ltd. Industrial Products 0.51 Maruti Suzuki India Limited Auto 3.13 HDFC Ltd. Warrants Finance 0.41 DR.Lal Pathlabs Ltd Healthcare Services 0.32 Fund Manager Mahindra & Mahindra Ltd. Auto 2.36 Tata Consultancy Services Ltd. Software 2.31 Listed/Awaiting Listing on Stock Exchange - Total 97.49 Mr. Harish Krishnan* HDFC Ltd. Finance 2.29 Collateral Borrowing & Lending obligation 2.38 Tata Motors Ltd - DVR Auto 2.15 Net Current Assets/(Liabilities) 0.13 Benchmark Ultratech Cement Ltd. Cement 2.11 Grand Total 100 Hero MotoCorp Ltd. Auto 2.01 Nifty 50 HCL Technologies Ltd. Software 1.91 Bharat Petroleum AAUM ( In Crores) Corporation Ltd. Petroleum Products 1.88 ` Britannia Industries Ltd. Consumer Non Durables 1.52 Power Grid Corporation Of AAUM as on June 30, 2016: `1,226.30 India Ltd Power 1.48 Shree Cement Ltd. Cement 1.47 AUM (` In Crores) The Ramco Cements Ltd Cement 1.41 Grasim Industries Ltd. Cement 1.39 AUM as on June 30, 2016: `1,137.90 Lupin Ltd. Pharmaceuticals 1.35 Kajaria Ceramics Ltd. Construction 1.31 Available Plans/Options State Bank Of India Banks 1.23 Jubilant Foodworks Limited Consumer Non Durables 1.19 A) Regular Plan MRF Limited Auto Ancillaries 1.16 Asian Paints Ltd. Consumer Non Durables 1.15 B) Direct Plan / Options: Dividend Payout, Persistent Systems Limited Software 1.10 Dividend Reinvestment & Growth Equitas Holdings Ltd Finance 1.09 Cadila Healthcare Ltd. Pharmaceuticals 1.07 (applicable for all plans) Siemens Ltd. Industrial Capital Goods 1.04 Indraprastha Gas Ltd. Gas 1.03 Dividend Frequency Sanofi India Ltd. Pharmaceuticals 1.01 Trustees Discretion Nestle India Ltd. Consumer Non Durables 1.00 Ratios Notes: Term Deposit as provided above is towards margin for derivatives transactions Portfolio Turnover: 52.10% $Beta: 1.05 $Sharpe## :0.70 SYSTEMATIC INVESTMENT PLAN (SIP) $Standard Deviation : 16.44% Systematic Investment Plan (SIP) If you had invested `10,000 every month Source: $ICRA MFI Explorer. ## Risk rate assumed to be 6.43% (FBIL 1 year 3 years 5 years 7 years 10 years Since Inception Overnight MIBOR rate as on 30th June Total amount invested (Rs) 120,000 360,000 600,000 840,000 1,200,000 2,110,000 2016) Total Value as on Jun 30, 2016 (Rs) 121,598 429,656 837,695 1,265,509 2,141,327 12,248,370 Minimum Investment Amount Scheme Returns (%) 2.49 11.85 13.32 11.51 11.15 17.68 Initial Investment: `5000 and in multiple Nifty 50 (Rs)# 125,632 406,397 775,087 1,152,292 1,912,086 7,456,544 of `1 for purchase and for `0.01 for switches Nifty 50 Returns (%) 8.84 8.04 10.19 8.89 9.01 12.97 Additional Investment: `1000 & in S&P BSE SENSEX (Rs)^ 124,459 397,910 760,999 1,128,427 1,864,043 7,499,176 multiples of `1 S&P BSE SENSEX Returns (%) 6.98 6.62 9.45 8.30 8.53 13.03 Ideal Investments Horizon: 3 years & Scheme Inception : - December 29, 1998. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working above day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows and Load Structure taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception. # Benchmark ; ^ Additional Benchmark Entry Load: Nil. (applicable for all plans) Kotak 50 NAV as on June 30, 2016: `33.664 (Dividend Option), `35.063 (Direct Dividend Option), `178.077 (Growth Option), Exit Load: `183.720 (Direct Growth Option) i) For redemptions / switch outs (including SIP/STP) within 1 year from the date of allotment of units, irrespective of the amount of investment: 1%. SECTOR ALLOCATION (%) PRODUCT LABEL ii) For redemption/switch outs (including Riskometer SIP/STP) after 1 year from the date of 11.52 Moderate allotment of units, irrespective of the 10.06 ly Mo 2.92 10.11 ate de 12.0912.44 25.23 23.41 er Highra amount of investment: Nil. 25.31 d te 4.833.79 25.3424.55 o l 4.513.59 M Low y Note Any exit load charged (net off 3.854.934.614.314.55 5.934.98 Service Tax, if any) shall be credited back to 5.695.305.64 High 5.54 the respective scheme. Units issued on 5.59 16.0115.2617.14 7.046.81 16.78 Low 6.65 reinvestment of dividends shall not be 6.809.188.67 6.38 8.24 11.3911.11 subject to entry and exit load. 8.63 9.7 10.82 LOW HIGH 14.44 ** Total Expense Ratio 6.85 Investors understand that their principal will be at moderately high risk Regular:2.20% 9.65 11.26 This product is suitable for investors who are seeking*: Long term capital growth Direct: 1.00% Banks Software Auto Consumer Non Durables Cement Pharmaceuticals Construction Project Petroleum Products Investment in portfolio of predominantly equity & equity related securities * Investors should consult their financial advisors if in doubt about whether the **Total Expense Ratio excludes applicable Finance CBLO & Term Deposits & Rev.Repo Others B15 fee and service tax. product is suitable for them.

* For Fund Manager experience, please refer page 54-55. 5 For last three dividends, please refer page no 56-58. For scheme performance, please refer page no 44-53 EQUITY SCHEMES INVESTMENT STYLE Style Value Blend Growth Size KOTAK CLASSIC EQUITY Large An Open - Ended Equity Growth Scheme Mid

(As on June 30, 2016) Small

Investment Objective PORTFOLIO To generate capital appreciation from a diversified portfolio of equity and equity Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net related securities. However, there is no Assets Assets assurance that the objective of the scheme Equity & Equity related (Listed/Awaiting listing on Stock Dr Reddys Laboratories Ltd Pharmaceuticals 0.51 will be realized. Exchange) Alkem Laboratories Ltd Pharmaceuticals 0.50 Allotment Date Infosys Ltd. Software 6.37 Bajaj Finserv Ltd. Finance 0.50 HDFC Bank Ltd. Banks 5.94 Equitas Holdings Ltd Finance 0.47 July 27, 2005 Reliance Industries Ltd. Petroleum Products 5.08 Sun Pharmaceuticals Grasim Industries Ltd. Cement 4.53 Industries Ltd. Pharmaceuticals 0.46 Fund Manager Bharat Petroleum Yes Bank Ltd Banks 0.42 Mr. Harish Krishnan* Corporation Ltd. Petroleum Products 4.14 Divi s Laboratories Limited Pharmaceuticals 0.39 Hero MotoCorp Ltd. Auto 3.67 Bosch Limited Auto Ancillaries 0.28 Benchmark Asian Paints Ltd. Consumer Non Durables 3.32 Bharti Infratel Ltd. Telecom - Equipment & Zee Entertainment Accessories 0.27 Nifty 100 Enterprises Ltd Media and Entertainment 3.19 TVS Motors Company Ltd Auto 0.25 Ambuja Cements Ltd Cement 0.21 AAUM (` In Crores) Hindustan Unilever Ltd. Consumer Non Durables 2.96 Ultratech Cement Ltd. Cement 2.95 Ujjivan Financial Services Ltd Finance 0.21 AAUM as on June 30, 2016: `100.29 Tata Motors Ltd. Auto 2.44 Mahanagar Gas Ltd Gas 0.15 Bajaj Auto Ltd. Auto 2.07 ICICI Bank Ltd. Banks 0.11 AUM (` In Crores) Bajaj Finance Limited Finance 1.97 Thyrocare Technologies Ltd Pharmaceuticals 0.10 Wipro Ltd. Software 1.74 ACC Ltd. Cement 0.09 AUM as on June 30, 2016: ` 100.16 Petronet LNG Ltd. Gas 1.56 Maruti Suzuki India Limited Auto 0.01 Available Plans/Options Eicher Motors Ltd Auto 1.51 Listed/Awaiting Listing on Stock Exchange - Total 77.98 HDFC Ltd. Finance 1.34 Mutual Fund Units A) Regular Plan Lupin Ltd. Pharmaceuticals 1.32 Kotak Floater Short Term Direct ITC Ltd. Consumer Non Durables 1.27 Growth Mutual Fund Units 5.10 B) Direct Plan / Options: Dividend Payout, Axis Bank Ltd Banks 1.22 Mutual Fund Units - Total 5.10 Dividend Reinvestment & Growth GAIL (India) Ltd. Gas 1.18 Futures (applicable for all plans) Power Grid Corporation Of CNX NIFTY-JUL2016 6.73 India Ltd Power 1.18 ITC Ltd.-JUL2016 3.91 Dividend Frequency Tata Consultancy Services Ltd. Software 1.13 IndusInd Bank Ltd.-JUL2016 2.75 JSW Steel Ltd. Ferrous Metals 1.11 Axis Bank Ltd-JUL2016 2.10 Trustees Discretion Mahindra & Mahindra Ltd. Auto 1.00 Maruti Suzuki India Limited-JUL2016 1.58 Ratios National Thermal Power Bajaj Auto Ltd.-JUL2016 1.35 Corporation Limited Power 0.97 ICICI Bank Ltd.-JUL2016 1.33 Portfolio Turnover: 124.87% IndusInd Bank Ltd. Banks 0.96 Larsen And Toubro Ltd.-JUL2016 0.98 $Beta: 0.86 Tata Steel Limited. Ferrous Metals 0.94 Bank Of Baroda-JUL2016 0.49 $ ## HDFC Ltd. Warrants Finance 0.87 Yes Bank Ltd-JUL2016 0.46 Sharpe :0.68 Ashok Leyland Ltd. Auto 0.76 Futures (Market value represents Notional Value) - Total 21.68 $Standard Deviation : 13.82% Britannia Industries Ltd. Consumer Non Durables 0.74 TERM DEPOSITS $ Marico Ltd. Consumer Non Durables 0.66 Kotak Mahindra Bank Ltd. 5.29 Source: ICRA MFI Explorer. HCL Technologies Ltd. Software 0.64 Term Deposits - Total 5.29 DR.Lal Pathlabs Ltd Healthcare Services 0.60 Collateral Borrowing & Lending obligation 9.59 ## Risk rate assumed to be 6.43% (FBIL Larsen And Toubro Ltd. Construction Project 0.59 Net Current Assets/(Liabilities) -19.64 Overnight MIBOR rate as on 30th June Bharti Airtel Ltd. Telecom - Services 0.58 Grand Total 100 2016) Aurobindo Pharma Ltd. Pharmaceuticals 0.55 Notes: Term Deposit as provided above is towards margin for derivatives transactions SYSTEMATIC INVESTMENT PLAN (SIP) Minimum Investment Amount Initial Investment: `5000 and in multiple Systematic Investment Plan (SIP) If you had invested `10,000 every month of `1 for purchase and for `0.01 for 1 year 3 years 5 years 7 years 10 years Since Inception switches Total amount invested (Rs) 120,000 360,000 600,000 840,000 1,200,000 1,320,000 Additional Investment: `1000 & in multiples of `1 Total Value as on Jun 30, 2016 (Rs) 126,094 423,164 832,495 1,257,738 2,162,687 2,528,325 Ideal Investments Horizon: 3 years & Scheme Returns (%) 9.58 10.80 13.07 11.34 11.34 11.29 above Nifty 100 (Rs)# 125,707 413,926 795,658 1,184,471 1,988,276 2,360,700 Load Structure Nifty 100 Returns (%) 8.96 9.29 11.24 9.66 9.75 10.13 Entry Load: Nil. (applicable for all plans) Nifty 50 (Rs)^ 125,632 406,397 775,087 1,152,292 1,912,086 2,272,982 Exit Load: Nil. (applicable for all plans), Nifty 50 Returns (%) 8.84 8.04 10.19 8.89 9.01 9.49 (w.e.f December 01, 2014) Scheme Inception : - July 27,2005. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working day of Total Expense Ratio** every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows and taking Regular: 2.63% the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month Direct: 1.24% from the date of inception. # Benchmark ; ^ Additional Benchmark **Total Expense Ratio excludes applicable Kotak Classic Equity NAV as on June 30, 2016: `19.127 (Dividend Option), `20.053 (Direct Dividend Option), `35.480 (Growth Option), B15 fee and service tax. `36.874 (Direct Growth Option) SECTOR ALLOCATION (%) PRODUCT LABEL

5.10 -3.21 Riskometer 5.36 21.68 7.78 12.23 Moderate M 11.19 24.24 tely od 18.35 ra er 12.31 e Highat 4.21 od e Low ly 8.655.314.854.39 M 13.4 5.365.656.13 15.27 High 6.016.81 15.00 7.17 23.92 Low 7.2 12.89 8.81 8.14 12.3 14.88 8.95 8.71 10.51 12.04 LOW HIGH 11.71 9.22 9.88 Investors understand that their principal will be at moderately high risk This product is suitable for investors who are seeking*: Long term capital growth Banks Software Auto Finance Cement Investment in portfolio of predominantly equity & equity related securities Derivatives Consumer Non Durables Mutual Fund Units * Investors should consult their financial advisors if in doubt about whether the Petroleum Products Others CBLO&Term Deposits&Rev.Repo product is suitable for them.

* For Fund Manager experience, please refer page 54-55. For last three dividends, please refer page no 56-58. For scheme performance, please refer page no 44-53 6 EQUITY SCHEMES INVESTMENT STYLE Style Value Blend Growth Size KOTAK OPPORTUNITIES Large An Open - Ended Equity Growth Scheme Mid

(As on June 30, 2016) Small

Investment Objective PORTFOLIO To generate capital appreciation from a diversified portfolio of equity and equity Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net related securities. However, there is no Assets Assets assurance that the objective of the scheme will be realized. Equity & Equity related (Listed/Awaiting listing on Stock Healthcare Global Exchange) Enterprises Ltd Healthcare Services 1.10 Allotment Date Infosys Ltd. Software 5.97 Persistent Systems Limited Software 1.09 September 9, 2004 HDFC Bank Ltd. Banks 5.11 Fag Bearings India Ltd. Industrial Products 1.02 Bajaj Finance Limited Finance 3.87 AIA Engineering Limited Industrial Capital Goods 1.01 Fund Manager Shree Cement Ltd. Cement 3.38 Bank Of Baroda Banks 1.01 ITC Ltd. Consumer Non Durables 3.37 Whirlpool of India Ltd. Consumer Durables 1.01 Mr. Harsha Upadhyaya* Hero MotoCorp Ltd. Auto 3.32 MRF Limited Auto Ancillaries 0.99 JK Cement Ltd. Cement 0.96 Benchmark Axis Bank Ltd Banks 2.96 Larsen And Toubro Ltd. Construction Project 2.93 Container Corporation of Nifty 500 Hindustan Petroleum India Ltd. Transportation 0.94 Corporation Ltd Petroleum Products 2.80 Cummins India Ltd. Industrial Products 0.89 AAUM (` In Crores) ICICI Bank Ltd. Banks 2.67 DR.Lal Pathlabs Ltd Healthcare Services 0.83 Bharat Petroleum Federal Bank Ltd. Banks 0.75 AAUM as on June 30, 2016: `743.56 Corporation Ltd. Petroleum Products 2.66 Techno Electric & Engineering Co Ltd. Construction Project 0.74 AUM (` In Crores) Maruti Suzuki India Limited Auto 2.46 Ultratech Cement Ltd. Cement 2.45 Equitas Holdings Ltd Finance 0.70 AUM as on June 30, 2016: `764.89 IndusInd Bank Ltd. Banks 2.40 Prestige Estates Projects Limited Construction 0.61 State Bank Of India Banks 2.29 MBL Infrastructures Ltd. Construction 0.55 Available Plans/Options Reliance Industries Ltd. Petroleum Products 2.22 SKF India Ltd Industrial Products 0.54 UPL Ltd Pesticides 2.16 D-Link (India) Ltd Hardware 0.53 A) Regular Plan: Dalmia Bharat Ltd Cement 1.96 CESC Ltd. Power 0.51 HDFC Ltd. Warrants Finance 0.50 B) Direct Plan / Options: Dividend Payout, Britannia Industries Ltd. Consumer Non Durables 1.90 Tata Motors Ltd. Auto 1.90 Swaraj Engines Ltd Industrial Products 0.46 Dividend Reinvestment & Growth Torrent Pharmaceuticals Ltd. Pharmaceuticals 1.88 Max India Limited Healthcare Services 0.26 (applicable for all plans) Sun Pharmaceuticals 6% Redm Preference Sh Zee Entertainment Enterprises Ltd Media and Entertainment 0.15 Dividend Frequency Industries Ltd. Pharmaceuticals 1.85 The Ramco Cements Ltd Cement 1.81 Listed/Awaiting Listing on Stock Exchange - Total 98.76 Trustees Discretion Tech Mahindra Ltd. Software 1.80 TERM DEPOSITS Mahindra & Mahindra Ltd. Auto 1.78 Kotak Mahindra Bank Ltd. 0.46 Ratios Max Financial Services Ltd. Finance 1.77 Term Deposits - Total 0.46 Collateral Borrowing & Lending obligation 0.74 Portfolio Turnover: 20.80% Indraprastha Gas Ltd. Gas 1.72 Petronet LNG Ltd. Gas 1.63 Net Current Assets/(Liabilities) 0.04 $Beta: 0.97 HCL Technologies Ltd. Software 1.43 Grand Total 100 $Sharpe## :0.90 Lupin Ltd. Pharmaceuticals 1.32 Arvind Ltd Textile Products 1.21 $Standard Deviation :15.68% Multi Commodity Exchange of Source: $ICRA MFI Explorer. India Limited Finance 1.18 Ashok Leyland Ltd. Auto 1.16 ##Risk rate assumed to be 6.43% (FBIL Va Tech Wabag Limited Engineering Services 1.16 Overnight MIBOR rate as on 30th June National Buildings Construction 2016) Corporation Limited Construction 1.13 Minimum Investment Amount Notes: Term Deposit as provided above is towards margin for derivatives transactions Initial Investment: `5000 and in multiple of `1 for purchase and for `0.01 for SYSTEMATIC INVESTMENT PLAN (SIP) switches Additional Investment: `1000 & in Systematic Investment Plan (SIP) If you had invested `10,000 every month multiples of `1 1 year 3 years 5 years 7 years 10 years Since Inception Ideal Investments Horizon: 3 years & Total amount invested (Rs) 120,000 360,000 600,000 840,000 1,200,000 1,420,000 above Total Value as on Jun 30, 2016 (Rs) 127,305 459,901 918,290 1,391,839 2,420,898 3,641,617 Load Structure Scheme Returns (%) 11.51 16.59 17.06 14.18 13.45 14.96 Entry Load: Nil. (applicable for all plans) Nifty 500 (Rs)# 126,375 425,688 817,288 1,204,466 1,996,825 2,766,795 Exit Load: Nifty 500 Returns (%) 10.02 11.21 12.32 10.13 9.83 10.73 I) For redemptions / switch outs (including Nifty 50 (Rs)^ 125,632 406,397 775,087 1,152,257 1,912,051 2,702,171 SIP/STP) within 1 year from the date of allotment of units, irrespective of the Nifty 50 Returns (%) 8.84 8.04 10.19 8.89 9.01 10.36 amount of investment: 1% Scheme Inception : - September 09, 2004. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working ii) For redemptions / switch outs (including day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows and SIP/STP) after 1 year from the date of taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent allotment of units, irrespective of the month from the date of inception. # Benchmark ; ^ Additional Benchmark amount of investment: NIL Kotak Opportunities NAV as on June 30, 2016: `23.616 (Dividend Option), `24.404 (Direct Dividend Option), `85.058 iii) Any exit load charged (net off Service (Growth Option), `87.733 (Direct Growth Option) Tax, if any) shall be credited back to the respective Scheme. (applicable for all plans) SECTOR ALLOCATION (%) PRODUCT LABEL iv) Units issued on reinvestment of dividends shall not be subject to exit load Riskometer 17.19 (applicable for all plans) 18.30 ly Moderate Mo ate de er Highra 3.35 d te Total Expense Ratio** 10.62 o l M Low y 3.67 Regular: 2.35% High Direct: 1.20% 5.05 Low

**Total Expense Ratio excludes applicable 5.27 10.56 B15 fee and service tax. LOW HIGH 7.68 Investors understand that their principal will be at moderately high risk 8.02 10.29 This product is suitable for investors who are seeking*: Banks Software Others Petroleum Products Long term capital growth Auto Pharmaceuticals Finance Consumer Non Durables Investment in portfolio of predominantly equity & equity related securities Cement Gas * Investors should consult their financial advisors if in doubt about whether the Construction Project product is suitable for them. * For Fund Manager experience, please refer page 54-55. 7 For last three dividends, please refer page no 56-58. For scheme performance, please refer page no 44-53 EQUITY SCHEMES INVESTMENT STYLE Style Value Blend Growth Size KOTAK SELECT FOCUS FUND Large An Open - Ended Equity Scheme Mid

(As on June 30, 2016) Small

Minimum Investment Amount 1 year 3 years 5 years Since Inception Initial Investment: `5000 and in multiple Total amount invested (Rs) 120,000 360,000 600,000 820,000 of `1 for purchase and for `0.01 for Total Value as on Jun 30, 2016 (Rs) 129,377 479,888 985,598 1,466,182 switches Scheme Returns (%) 14.84 19.61 19.96 16.74 Additional Investment: `1000 & in Nifty 200 (Rs)# 125,779 418,163 801,361 1,143,845 multiples of `1 Nifty 200 Returns (%) 9.07 9.99 11.53 9.59 Ideal Investments Horizon: 3 years & above Nifty 50 (Rs)^ 125,632 406,397 775,087 1,114,851 Load Structure Nifty 50 Returns (%) 8.84 8.04 10.19 8.86 Entry Load: Nil. (applicable for all plans) Scheme Inception : - September 11, 2009. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows and Exit Load: taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent I) For redemptions / switch outs (including month from the date of inception. # Benchmark ; ^ Additional Benchmark SIP/STP) within 1 year from the date of Kotak Select Focus Fund NAV as on June 30, 2016: ` 19.717 (Dividend Option), `20.369 (Direct Dividend Option), `24.381 (Growth allotment of units, irrespective of the Option), `25.143 (Direct Growth Option) amount of investment:1% ii) For redemptions / switch outs (including SIP/STP) after 1 year from the date of SECTOR ALLOCATION (%) PRODUCT LABEL allotment of units, irrespective of the Riskometer amount of investment: NIL 13.75 17.97 14.98 ly Moderate Mo 3.62 20.27 ate de iii) Any exit load charged (net off Service er Highra 3.904.48 d te 12.41 o l Tax, if any) shall be credited back to the 4.95 M Low y 4.38 respective Scheme. (applicable for all plans) 4.99 10.82 High iv) Units issued on reinvestment of 6.68 9.43 Low dividends shall not be subject to exit load 7.35 7.38 7.7 8.32 (applicable for all plans) 7.43 11.91 LOW HIGH Total Expense Ratio** Investors understand that their principal will be at moderately high risk 8.01 9.27 This product is suitable for investors who are seeking*: Regular: 2.01% Banks Software Petroleum Products Gas Long term capital growth Direct: 1.00% Auto Pharmaceuticals Finance Consumer Non Durables Investment in portfolio of predominantly equity & equity related securities generally focussed on a few selected sectors. **Total Expense Ratio excludes applicable Cement Construction Project Others * Investors should consult their financial advisors if in doubt about whether the B15 fee and service tax. product is suitable for them.

* For Fund Manager experience, please refer page 54-55. For last three dividends, please refer page no 56-58. For scheme performance, please refer page no 44-53 8 EQUITY SCHEMES INVESTMENT STYLE Style Value Blend Growth Size KOTAK TAX SAVER Large An Open - Ended Equity Linked Savings Scheme Mid

(As on June 30, 2016) Small

Investment Objective PORTFOLIO To generate long-term capital appreciation from a diversified portfolio of equity and Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net equity related securities and enable investors Assets Assets to avail the income tax rebate, as permitted Equity & Equity related (Listed/Awaiting listing on Stock Cadila Healthcare Ltd. Pharmaceuticals 1.39 from time to time. However, there is no Exchange) Multi Commodity Exchange of assurance that the objective of the scheme Infosys Ltd. Software 5.97 India Limited Finance 1.28 will be realized. HDFC Bank Ltd. Banks 5.54 HCL Technologies Ltd. Software 1.24 Allotment Date Reliance Industries Ltd. Petroleum Products 4.26 Bank Of Baroda Banks 1.23 ITC Ltd. Consumer Non Durables 4.19 Container Corporation of November 23, 2005 Shree Cement Ltd. Cement 3.71 India Ltd. Transportation 1.22 Fund Manager Axis Bank Ltd Banks 3.34 Federal Bank Ltd. Banks 1.22 IndusInd Bank Ltd. Banks 3.30 AIA Engineering Limited Industrial Capital Goods 1.09 Mr. Harsha Upadhyaya* Hero MotoCorp Ltd. Auto 3.04 Blue Dart Express Ltd. Transportation 1.07 Benchmark Whirlpool of India Ltd. Consumer Durables 3 Thermax Ltd. Industrial Capital Goods 0.96 ICICI Bank Ltd. Banks 2.94 Navneet Education Ltd. Media and Entertainment 0.88 Nifty 500 Ultratech Cement Ltd. Cement 2.90 Hawkins Cooker Ltd Household Appliances 0.85 AAUM (` In Crores) Bajaj Finance Limited Finance 2.89 Texmaco Rail & Engineering Ltd. Industrial Capital Goods 0.65 Bharat Petroleum KSB Pump Ltd Industrial Products 0.61 ` AAUM as on June 30, 2016: 469.22 Corporation Ltd. Petroleum Products 2.85 MBL Infrastructures Ltd. Construction 0.59 AUM (` In Crores) Hindustan Petroleum Cummins India Ltd. Industrial Products 0.54 Corporation Ltd Petroleum Products 2.54 Max India Limited Healthcare Services 0.34 AUM as on June 30, 2016: `470.92 State Bank Of India Banks 2.53 6 Redm Preference Sh Zee Available Plans/Options Larsen And Toubro Ltd. Construction Project 2.22 Entertainment Enterprises Ltd Media and Entertainment 0.15 SKF India Ltd Industrial Products 2.06 Listed/Awaiting Listing on Stock Exchange - Total 98.96 A) Regular Plan Tata Motors Ltd. Auto 2.06 Debt Instruments B) Direct Plan / Options: Dividend Payout & Britannia Industries Ltd. Consumer Non Durables 1.99 Debentures and Bonds Growth (applicable for all plans)...... Tech Mahindra Ltd. Software 1.83 Corporate Debt/Financial Institutions Techno Electric & Engineering Blue Dart Express Ltd ICRA AA 0.03 Co Ltd. Construction Project 1.81 Corporate Debt/Financial Institutions - Total 0.03 Dividend Frequency The Ramco Cements Ltd Cement 1.76 Collateral Borrowing & Lending obligation 0.94 Trustees Discretion SRF Ltd. Textile Products 1.67 Net Current Assets/(Liabilities) 0.07 Dalmia Bharat Ltd Cement 1.65 Grand Total 100 Ratios Lupin Ltd. Pharmaceuticals 1.63 Portfolio Turnover: 22.11% Sun Pharmaceuticals $Beta: 1.06 Industries Ltd. Pharmaceuticals 1.62 $ ## Mahanagar Gas Ltd Gas 1.55 Sharpe : 0.79 Max Financial Services Ltd. Finance 1.53 $Standard Deviation : 17.30% Maruti Suzuki India Limited Auto 1.51 Source: $ICRA MFI Explorer. Solar Industries India Limited Chemicals 1.50 Ashok Leyland Ltd. Auto 1.46 ## Risk rate assumed to be 6.43% (FBIL Arvind Ltd Textile Products 1.40 Overnight MIBOR rate as on 30th June UPL Ltd Pesticides 1.40 2016) Minimum Investment Amount SYSTEMATIC INVESTMENT PLAN (SIP) Initial Investment: `500 and in multiple of `500 Systematic Investment Plan (SIP) If you had invested `10,000 every month Additional Investment: `500 & in multiples of `500 1 year 3 years 5 years 7 years 10 years Since Inception Ideal Investments Horizon: 3 years & Total amount invested (Rs) 120,000 360,000 600,000 840,000 1,200,000 1,280,000 above Total Value as on Jun 30, 2016 (Rs) 125,739 460,485 884,961 1,322,372 2,169,298 2,387,538 Load Structure Scheme Returns (%) 9.01 16.68 15.55 12.74 11.40 11.20 Entry Load: Nil. (applicable for all plans) Nifty 500 (Rs)# 126,375 425,688 817,288 1,204,596 1,996,956 2,212,547 Exit Load: Exit Load is not applicable for Nifty 500 Returns (%) 10.02 11.21 12.32 10.13 9.84 9.87 Kotak Tax Saver Scheme. (applicable for all Nifty 50 (Rs)^ 125,632 406,397 775,087 1,152,292 1,912,086 2,133,041 plans) Nifty 50 Returns (%) 8.84 8.04 10.19 8.89 9.01 9.22 Units issued on reinvestment of dividends shall not be subject to exit load (applicable Scheme Inception : - November 23, 2005. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working for all plans) day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows and Total Expense Ratio** taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception. # Benchmark ; ^ Additional Benchmark Regular: 2.47% Kotak Tax Saver NAV as on June 30, 2016: `17.011 (Dividend Option), `18.992 (Direct Dividend Option), ` 31.256 (Growth Option), Direct: 1.27% `32.621 (Direct Growth Option) **Total Expense Ratio excludes applicable B15 fee and service tax. SECTOR ALLOCATION (%) PRODUCT LABEL Riskometer 19.36 20.10 Moderate M tely od 3.21 21.56 22.51 ra er e Highat od e Low ly 4.034.65 M 4.94 9.7510.02 High 4.645.32 7.3 5.68 Low 5.70 6.05 6.14 6.1 9.65 6.18 LOW HIGH 9.04 8.07 Investors understand that their principal will be at moderately high risk Banks Software Pharmaceuticals This product is suitable for investors who are seeking*: Consumer Non Durables Petroleum Products Auto long term capital growth with a 3 year lock in Cement Finance Construction Project Investment in portfolio of predominantly equity & equity related securities. Industrial Products Others * Investors should consult their financial advisors if in doubt about whether the product is suitable for them. * For Fund Manager experience, please refer page 54-55 9 For last three dividends, please refer page no 56-58. For scheme performance, please refer page no 44-53 EQUITY SCHEMES INVESTMENT STYLE Style Value Blend Growth Size KOTAK MID-CAP Large An Open - Ended Equity Growth Scheme Mid

(As on June 30, 2016) Small

Investment Objective PORTFOLIO To generate capital appreciation from a diversified portfolio of equity and equity Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net related securities. However, there is no Assets Assets assurance that the objective of the scheme Equity & Equity related (Listed/Awaiting listing on Stock NIIT Technologies Ltd Software 1.42 will be realized. Exchange) Shriram Transport Finance Allotment Date Finolex Cables Ltd. Industrial Products 3.40 Co Ltd. Finance 1.42 February 24, 2005 Techno Electric & Engineering HSIL Ltd. Consumer Durables 1.40 Co Ltd. Construction Project 3.08 Pennar Engineered Building Fund Manager Whirlpool of India Ltd. Consumer Durables 2.96 Systems Limited Ferrous Metals 1.38 Mr. Pankaj Tibrewal* DB Corp Limited Media and Entertainment 2.84 Voltas Ltd. Construction Project 1.37 The Ramco Cements Ltd Cement 2.74 Havells India Ltd. Consumer Durables 1.29 Benchmark Fag Bearings India Ltd. Industrial Products 2.64 Jk Lakshmi Cement Ltd. Cement 1.28 Nifty Midcap 100 Persistent Systems Limited Software 2.62 PVR Ltd. Media and Entertainment 1.25 Federal Bank Ltd. Banks 2.49 Bajaj Finance Limited Finance 1.22 AAUM (` In Crores) Solar Industries India Limited Chemicals 2.42 Sundaram Finance Ltd. Finance 1.20 AAUM as on June 30, 2016: `386.79 IndusInd Bank Ltd. Banks 2.36 Navneet Education Ltd. Media and Entertainment 1.19 Kewal Kiran Clothing Limited. Textile Products 2.32 Adani Port and Special Economic AUM (` In Crores) ICICI Bank Ltd. Banks 2.24 Zone Limited Transportation 1.17 AUM as on June 30, 2016: `400.75 Hawkins Cooker Ltd Household Appliances 2.08 Zuari Agro Chemicals Ltd Fertilisers 1.15 Available Plans/Options JK Cement Ltd. Cement 2.03 Cadila Healthcare Ltd. Pharmaceuticals 1.11 Hindustan Petroleum Kansai Nerolac Paints Ltd Consumer Non Durables 1.08 A) Regular Plan Corporation Ltd Petroleum Products 2.01 SKF India Ltd Industrial Products 1 B) Direct Plan / Options: Dividend Payout, Strides Arcolab Ltd. Pharmaceuticals 1.99 UPL Ltd Pesticides 0.95 Dividend Reinvestment & Growth Atul Ltd. Chemicals 1.95 Bank Of Baroda Banks 0.92 (applicable for all plans) SRF Ltd. Textile Products 1.95 Balrampur Chini Mills Ltd Consumer Non Durables 0.91 Va Tech Wabag Limited Engineering Services 1.95 Bharat Petroleum Dividend Frequency Divi s Laboratories Limited Pharmaceuticals 1.83 Corporation Ltd. Petroleum Products 0.86 Trustees Discretion Motherson Sumi Systems Ltd. Auto Ancillaries 1.83 WPIL Ltd Industrial Products 0.83 Ratios Mahindra & Mahindra Financial Tech Mahindra Ltd. Software 0.82 Services Ltd. Finance 1.79 Power Mech Projects Ltd Power 0.76 Portfolio Turnover:48.35% Thermax Ltd. Industrial Capital Goods 1.77 Shriram City Union Finance Ltd. Finance 0.62 $ Beta: 1.04 Arvind Ltd Textile Products 1.69 Supreme Industries Limited Industrial Products 0.52 $Sharpe## : 1.15 Alkem Laboratories Ltd Pharmaceuticals 1.64 Union Bank Of India Banks 0.19 $Standard Deviation : 19.46% Torrent Pharmaceuticals Ltd. Pharmaceuticals 1.57 Thyrocare Technologies Ltd Pharmaceuticals 0.10 $ Britannia Industries Ltd. Consumer Non Durables 1.55 Listed/Awaiting Listing on Stock Exchange - Total 93.06 Source: ICRA MFI Explorer. Jubilant Foodworks Limited Consumer Non Durables 1.52 Collateral Borrowing & Lending obligation 7.88 ## Risk rate assumed to be 6.43% (FBIL Bharat Forge Ltd. Industrial Products 1.49 Net Current Assets/(Liabilities) -0.94 Overnight MIBOR rate as on 30th June Axis Bank Ltd Banks 1.48 Grand Total 100 2016) MRF Limited Auto Ancillaries 1.42 Minimum Investment Amount Initial Investment: `5000 and in multiple of `1 for purchase and for `0.01 for SYSTEMATIC INVESTMENT PLAN (SIP) switches Additional Investment: `1000 & in Systematic Investment Plan (SIP) If you had invested `10,000 every month multiples of `1 1 year 3 years 5 years 7 years 10 years Since Inception Ideal Investments Horizon: 3 years & above Total amount invested (Rs) 120,000 360,000 600,000 840,000 1,200,000 1,370,000 Load Structure Total Value as on Jun 30, 2016 (Rs) 130,740 528,754 1,073,157 1,677,872 2,870,661 3,603,339 Entry Load: Nil. (applicable for all plans) Scheme Returns (%) 17.05 26.67 23.48 19.43 16.63 15.95 Nifty Midcap 100 (Rs)# 127,202 476,332 919,332 1,356,476 2,351,899 3,001,431 Exit Load: Nifty Midcap 100 Returns (%) 11.34 19.08 17.11 13.46 12.91 13.03 I) For redemptions / switch outs (including SIP/STP) within 1 year from the date of Nifty 50 (Rs)^ 125,632 406,397 775,087 1,152,292 1,912,086 2,477,821 allotment of units, irrespective of the Nifty 50 Returns (%) 8.84 8.04 10.19 8.89 9.01 9.93 amount of investment:1% ii) For redemptions / switch outs (including Scheme Inception : - February 24,2005. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working day SIP/STP) after 1 year from the date of of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows and allotment of units, irrespective of the taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent amount of investment: NIL month from the date of inception. # Benchmark ; ^ Additional Benchmark Kotak Mid-cap NAV as on June 30, 2016: `31.619 (Dividend Option), `32.915 (Direct Dividend Option), `57.043 (Growth Option), iii) Any exit load charged (net off Service `59.226 (Direct Growth Option) Tax, if any) shall be credited back to the Scheme.(applicable for all plans) SECTOR ALLOCATION (%) PRODUCT LABEL iv) Units issued on reinvestment of 9.88 Riskometer dividends shall not be subject to exit load (applicable for all plans) 30.07 27.71 12.81 9.68 ly Moderate Mo 9.64 ate de er Highra d te Total Expense Ratio** 8.24 o l 7.61 M Low y 5.07 Regular: 2.51% 7.38 5.28 High Direct: 1.26% 6.87 5.79 Low 5.06 6.37 **Total Expense Ratio excludes applicable 7.88 B15 fee and service tax. 5.28 LOW HIGH Cement 6.25 5.65 6.05 Investors understand that their principal will be at moderately high risk Banks 5.96 Others Consumer Durables CBLO & Term Deposits & Rev.Repo This product is suitable for investors who are seeking*: Long term capital growth Textile Products Pharmaceuticals Consumer Non Durables Investment in equity & equity related securities predominantly in mid cap Media & Entertainment Industrial Products Finance stocks. Midcap and Small cap stocks as a % age of Net Assets: 79.42% * Investors should consult their financial advisors if in doubt about whether the product is suitable for them. * For Fund Manager experience, please refer page 54-55. For last three dividends, please refer page no 56-58. For scheme performance, please refer page no 44-53. 10 EQUITY SCHEMES INVESTMENT STYLE Style Value Blend Growth Size KOTAK EMERGING EQUITY Large An Open - Ended Equity Growth Scheme Mid

(As on June 30, 2016) Small

Investment Objective PORTFOLIO The investment objective of the scheme is to generate long-term capital appreciation Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net from a portfolio of equity and equity related Assets Assets securities, by investing predominantly in Equity & Equity related (Listed/Awaiting listing on Stock Bajaj Finance Limited Finance 1.23 mid and small cap companies. However, Exchange) Axis Bank Ltd Banks 1.22 there is no assurance that the objective of V-Guard Industries Ltd. Industrial Capital Goods 4.03 Max Financial Services Ltd. Finance 1.17 the scheme will be realized. Whirlpool of India Ltd. Consumer Durables 3.66 Equitas Holdings Ltd Finance 1.12 Allotment Date Finolex Cables Ltd. Industrial Products 3.46 Greaves Cotton Ltd. Industrial Products 1.07 The Ramco Cements Ltd Cement 3.41 Coromandel International Ltd. Fertilisers 1.05 March 30, 2007 Solar Industries India Limited Chemicals 2.75 Zuari Agro Chemicals Ltd Fertilisers 1.03 Persistent Systems Limited Software 2.74 Maharashtra Seamless Ltd. Ferrous Metals 1.01 Fund Manager Fag Bearings India Ltd. Industrial Products 2.62 Oberoi Realty Ltd Construction 0.92 Mr. Pankaj Tibrewal* DB Corp Limited Media and Entertainment 2.54 Power Mech Projects Ltd Power 0.89 IndusInd Bank Ltd. Banks 2.38 WPIL Ltd Industrial Products 0.83 Benchmark Federal Bank Ltd. Banks 2.34 GMM Pfaudler Ltd. Engineering 0.81 S&P BSE MID SMALL CAP Hawkins Cooker Ltd Household Appliances 2.26 KPIT Technologies LImited Software 0.67 SRF Ltd. Textile Products 2.21 Supreme Industries Limited Industrial Products 0.67 Strides Arcolab Ltd. Pharmaceuticals 2.06 Kec International Ltd. Power 0.66 Kewal Kiran Clothing Limited. Textile Products 2.05 Engineers India Ltd. Construction Project 0.65 AAUM ( In Crores) ` ICICI Bank Ltd. Banks 1.97 IDFC Bank Limited Banks 0.62 AAUM as on June 30, 2016: `905.38 Atul Ltd. Chemicals 1.93 Kirloskar Brothers Ltd. Industrial Products 0.60 PVR Ltd. Media and Entertainment 1.93 Bank Of Baroda Banks 0.59 AUM (` In Crores) Motherson Sumi Systems Ltd. Auto Ancillaries 1.92 Multi Commodity Exchange of India Limited Finance 0.59 AUM as on June 30, 2016: `953.81 Mahindra & Mahindra Financial Services Ltd. Finance 1.83 IFB Industries Ltd. Consumer Durables 0.46 Available Plans/Options Navneet Education Ltd. Media and Entertainment 1.75 Blue Dart Express Ltd. Transportation 0.44 Va Tech Wabag Limited Engineering Services 1.74 Max India Limited Healthcare Services 0.28 A) Regular Plan Shriram City Union Finance Ltd. Finance 1.57 Listed/Awaiting Listing on Stock Exchange -Total 93.30 B) Direct Plan / Options: Dividend Payout, Alkem Laboratories Ltd Pharmaceuticals 1.54 TERM DEPOSITS Dividend Reinvestment & Growth Sundaram Finance Ltd. Finance 1.54 Kotak Mahindra Bank Ltd. 0.26 (applicable for all plans) Jk Lakshmi Cement Ltd. Cement 1.53 Term Deposits - Total 0.26 Jubilant Foodworks Limited Consumer Non Durables 1.53 Collateral Borrowing & Lending obligation 7.17 Dividend Frequency SKF India Ltd Industrial Products 1.53 Net Current Assets/(Liabilities) -0.73 Finolex Industries Ltd. Industrial Products 1.52 Grand Total 100 Trustees Discretion Indraprastha Gas Ltd. Gas 1.49 Ratios Ramkrishna Forgings Ltd. Industrial Products 1.49 Pennar Engineered Building Portfolio Turnover: 43.54% Systems Limited Ferrous Metals 1.42 $Beta: 0.99 Divi s Laboratories Limited Pharmaceuticals 1.39 $ ## Carborundum Universal Ltd. Industrial Products 1.38 Sharpe :1.37 PNC INFRATECH LIMITED Construction Project 1.38 $Standard Deviation : 19.13% Torrent Pharmaceuticals Ltd. Pharmaceuticals 1.35 Source: $ICRA MFI Explorer. Britannia Industries Ltd. Consumer Non Durables 1.24 D-Link (India) Ltd Hardware 1.24 ## Risk rate assumed to be 6.43% (FBIL Overnight MIBOR rate as on 30th June 2016) SYSTEMATIC INVESTMENT PLAN (SIP) Minimum Investment Amount Initial Investment: `5000 and in multiple Systematic Investment Plan (SIP) If you had invested `10,000 every month of `1 for purchase and for `0.01 for 1 year 3 years 5 years 7 years Since Inception switches Total amount invested (Rs) 120,000 360,000 600,000 840,000 1,120,000 Additional Investment: `1000 & in multiples of `1 Total Value as on Jun 30, 2016 (Rs) 133,432 564,788 1,169,933 1,811,581 2,733,587 Ideal Investments Horizon: 3 years & Scheme Returns (%) 21.45 31.59 27.09 21.58 18.32 above S&P BSE MidSmallCap (Rs)# 128,597 478,988 922,974 1,341,323 2,034,381 Load Structure S&P BSE MidSmallCap Returns (%) 13.59 19.48 17.27 13.14 12.35 Entry Load: Nil. (applicable for all plans) Nifty 50 (Rs)^ 125,632 406,397 775,087 1,152,292 1,728,256 Exit Load: Nifty 50 Returns (%) 8.84 8.04 10.19 8.89 9.03 i) For redemptions / switch outs (including Scheme Inception : - March 30, 2007. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working day of SIP/STP) within 1 year from the date of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows and taking allotment of units, irrespective of the the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month amount of investment: 1%. from the date of inception. # Benchmark ; ^ Additional Benchmark Kotak Emerging Equity NAV as on June 30, 2016: `21.015 (Dividend Option), `21.871 (Direct Dividend Option), `28.867(Growth ii) For redemption/switch outs (including Option), 29.901 (Direct Growth Option) SIP/STP) after 1 year from the date of ` allotment of units, irrespective of the amount of investment: Nil. SECTOR ALLOCATION (%) PRODUCT LABEL Note Any exit load charged (net off 15.17 Riskometer Service Tax, if any) shall be credited back to 28.67 Moderate M the respective scheme. Units issued on 9.12 tely od ra er e Highat reinvestment of dividends shall not be od e Low ly subject to entry and exit load. M Total Expense Ratio** 4.12 High 9.05 Low Regular: 2.28% 4.26 Direct: 1.08% 4.68 7.43 LOW HIGH 4.94 6.22 6.34 **Total Expense Ratio excludes applicable Investors understand that their principal will be at moderately high risk Industrial Products Pharmaceuticals Banks B15 fee and service tax. This product is suitable for investors who are seeking*: Consumer Durables Finance Cement Long term capital growth Media and Entertainment CBLO & Term Deposits & Rev.Repo Investment in equity & equity related securities predominantly in mid & Textile Products Others small cap companies Chemicals * Investors should consult their financial advisors if in doubt about whether the Midcap and Small cap stocks as a % age of Net Assets: 84.58% product is suitable for them. * For Fund Manager experience, please refer page 54-55. 11 For last three dividends, please refer page no 56-58. For scheme performance, please refer page no 44-53. 11 EQUITY SCHEMES INVESTMENT STYLE Style KOTAK INFRASTRUCTURE Value Blend Growth Size & ECONOMIC REFORM FUND Large (formerly known as PineBridge Infrastructure & Economic Reform Fund) Mid An Open - Ended Equity Scheme Small (As on June 30, 2016)

Investment Objective PORTFOLIO The investment objective of the Scheme is to generate long-term capital appreciation f ro m a d i v e r s i f i e d p o r t f o l i o o f Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net predominantly (at least 65%) equity and Assets Assets equity-related securities of companies Equity & Equity related (Listed/Awaiting listing on Stock AIA Engineering Limited Industrial Capital Goods 2.90 involved in economic development of India Exchange) Gateway Distriparks Ltd. Transportation 2.84 as a result of potential investments in Shree Cement Ltd. Cement 8.21 Mahindra & Mahindra Financial infrastructure and unfolding economic Ultratech Cement Ltd. Cement 7.09 Services Ltd. Finance 2.66 reforms. There is no assurance that the Larsen And Toubro Ltd. Construction Project 6.67 Adani Port and Special Economic investment objective of the Scheme will be achieved. However, there is no assurance SKF India Ltd Industrial Products 6.18 Zone Limited Transportation 2.24 that the objective of the scheme will be Thermax Ltd. Industrial Capital Goods 5.42 Kajaria Ceramics Ltd. Construction 2.21 realized. Indraprastha Gas Ltd. Gas 5.35 MRF Limited Auto Ancillaries 2.06 Bharti Airtel Ltd. Telecom - Services 5.30 Mahanagar Gas Ltd Gas 1.99 Allotment Date Kirloskar Oil Engines Ltd. Industrial Products 5.20 Solar Industries India Limited Chemicals 1.98 February 25, 2008 KSB Pump Ltd Industrial Products 4.66 Gujarat Gas Company Ltd Gas 1.70 Fund Manager Fag Bearings India Ltd. Industrial Products 4.13 CESC Ltd. Power 1.17 Mr. Harish Krishnan Power Grid Corporation Of Bharat Electronics Ltd Industrial Capital Goods 1.11 India Ltd Power 3.21 Grasim Industries Ltd. Cement 1.10 Benchmark Supreme Industries Limited Industrial Products 3.15 Listed/Awaiting Listing on Stock Exchange - Total 97.60 S&P BSE 100 Cummins India Ltd. Industrial Products 3.06 Collateral Borrowing & Lending obligation 2.57 AAUM (` In Crores) Siemens Ltd. Industrial Capital Goods 3.01 Net Current Assets/(Liabilities) -0.17 AAUM as on June 30, 2016: `145.52 Container Corporation of Grand Total 100 India Ltd. Transportation 3.00 AUM (` In Crores) AUM as on June 30, 2016: `152.46 Available Plans/Options A) Regular Plan B) Direct Plan / Options: Dividend Payout, Dividend Reinvestment & Growth (applicable for all plans) Dividend Frequency Trustees Discretion Ratios Portfolio Turnover:42.42% $Beta: 1.15 $Sharpe## : 0.96 SYSTEMATIC INVESTMENT PLAN (SIP) $Standard Deviation : 21.35% Source: $ICRAMFI Explorer. Systematic Investment Plan (SIP) If you had invested `10,000 every month ## Risk rate assumed to be 6.43% (FBIL 1 year 3 years 5 years 7 years Since Inception Overnight MIBOR rate as on 30th June Total amount invested (Rs) 2016) 120,000 360,000 600,000 840,000 1,010,000 Minimum Investment Amount Total Value as on Jun 30, 2016 (Rs) 131,231 506,899 970,301 1,418,620 1,887,824 Initial Investment: `5000 and in multiple Scheme Returns (%) 17.85 23.57 19.32 14.71 14.43 of `1 for purchase and for `0.01 for S&P BSE 100 (Rs)# 125,843 410,150 783,744 1,158,704 1,546,511 switches S&P BSE 100 Returns (%) 9.18 8.67 10.63 9.04 9.88 Additional Investment: `1000 & in multiples of `1 Nifty 50 (Rs)^ 125,632 406,397 775,087 1,152,292 1,530,308 Ideal Investments Horizon: 3 years & Nifty 50 Returns (%) 8.84 8.04 10.19 8.89 9.63 above Scheme Inception : - February 25, 2008. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working day Load Structure of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows and Entry Load: Nil. (applicable for all plans) taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent Exit Load: month from the date of inception. # Benchmark ; ^ Additional Benchmark I) For redemptions / switch outs (including Kotak Infrastructure & Economic Reform Fund NAV as on June 30, 2016: `15.839 (Dividend Option), `16.987 (Direct Dividend Option), SIP/STP) within 1 year from the date of `16.377 (Growth Option), `16.997 (Direct Growth Option) allotment of units, irrespective of the amount of investment 1%; ii) For redemptions / switch outs (including SIP/STP) after 1 year from the date of SECTOR ALLOCATION (%) PRODUCT LABEL allotment of units, irrespective of the 6.08 Riskometer amount of investment NIL; 2.66 2.57 4.38 5.93 7.785.62 26.38 ly Moderate Mo iii) Any exit load charged (net off Service Tax, ate de 5.30 4.044.36 29.12 er Highra 4.3 29.2432.53 d te if any) shall be credited back to the Scheme; 4.816.26 o l 6.675.64 M Low y 7.03 iv) Units issued on reinvestment of 6.346.9 dividends shall not be subject to entry and High 7.097.78 6.94 14.3 exit load. (applicable for all plans) 7.49 14.51 Low 8.08 7.538.37 10.61 14.69 9.3612.22 Total Expense Ratio** 16.40 LOW HIGH Regular:2.62% 9.04 Investors understand that their principal will be at high risk 12.44 Direct: 1.17% This product is suitable for investors who are seeking*: Long term capital growth **Total Expense Ratio excludes applicable Industrial Products Cement Power Industrial Capital Goods Telecom - Services Gas Transportation Construction Project Long term capital appreciation by investing in equity and equity related B15 fee and service tax. instruments of companies contributing to infrastructure and economic CBLO & Term Deposits & Rev.Repo Finance Others development of India * Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

For last three dividends, please refer page no 56-58. For scheme performance, please refer page no 44-53. 12 EQUITY SCHEMES INVESTMENT STYLE Style Maturity Value Blend Growth Size Short Medium Long Volatility KOTAK BALANCE Large Low An Open - Ended Balanced Scheme Mid Medium

(As on June 30, 2016) Small High

Investment Objective PORTFOLIO To achieve growth by investing in equity & equity related instruments, balanced with Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net income generation by investing in debt Assets Assets &money market instruments. However, Equity & Equity related (Listed/Awaiting listing on Stock Bharat Forge Ltd. Industrial Products 0.62 there is no assurance that the objective of Exchange) Voltas Ltd. Construction Project 0.62 the scheme will be realized. HDFC Bank Ltd. Banks 3.86 Coal India Ltd. Minerals/Mining 0.59 Infosys Ltd. Software 3.71 HDFC Ltd. Warrants Finance 0.59 Allotment Date ICICI Bank Ltd. Banks 3.64 Bank Of Baroda Banks 0.58 November 25, 1999 Larsen And Toubro Ltd. Construction Project 2.52 Colgate Palmolive (India ) Ltd. Consumer Non Durables 0.57 Maruti Suzuki India Limited Auto 2.37 Pennar Engineered Building Fund Managers IndusInd Bank Ltd. Banks 2.02 Systems Limited Ferrous Metals 0.52 Tata Motors Ltd. Auto 1.99 Balrampur Chini Mills Ltd Consumer Non Durables 0.50 Mr. Pankaj Tibrewal and Mr. Abhishek Axis Bank Ltd Banks 1.97 Federal Bank Ltd. Banks 0.50 Bisen* Whirlpool of India Ltd. Consumer Durables 1.94 Mahindra & Mahindra Financial Benchmark ITC Ltd. Consumer Non Durables 1.86 Services Ltd. Finance 0.46 Reliance Industries Ltd. Petroleum Products 1.85 Arvind Ltd Textile Products 0.45 Crisil Balanced Fund State Bank Of India Banks 1.77 Lupin Ltd. Pharmaceuticals 0.42 AAUM (` In Crores) Finolex Cables Ltd. Industrial Products 1.64 IDFC Bank Limited Banks 0.35 Mahindra & Mahindra Ltd. Auto 1.50 Persistent Systems Limited Software 0.24 AAUM as on June 30, 2016: `278.12 SRF Ltd. Textile Products 1.48 Divi s Laboratories Limited Pharmaceuticals 0.18 JK Cement Ltd. Cement 1.47 Thyrocare Technologies Ltd Pharmaceuticals 0.18 AUM (` In Crores) Solar Industries India Limited Chemicals 1.47 Mahanagar Gas Ltd Gas 0.15 AUM as on June 30, 2016: `292.82 Fag Bearings India Ltd. Industrial Products 1.46 The Indian Hotels Company Ltd. Hotels 0.05 The Ramco Cements Ltd Cement 1.43 Listed/Awaiting Listing on Stock Exchange - Total 66.24 Available Plans/Options HDFC Ltd. Finance 1.40 Debt Instruments DB Corp Limited Media and Entertainment 1.36 A) Regular Plan Debentures and Bonds Ultratech Cement Ltd. Cement 1.32 Corporate Debt/Financial Institutions B) Direct Plan / Options: Dividend Payout, Va Tech Wabag Limited Engineering Services 1.25 LIC Housing Finance Ltd. CRISIL AAA 0.18 Dividend Reinvestment & Growth Tata Consultancy Services Ltd. Software 1.22 Tata Sons Ltd. CRISIL AAA 0.07 (applicable for all plans) Hindustan Petroleum Corporate Debt/Financial Institutions - Total 0.25 Corporation Ltd Petroleum Products 1.17 Public Sector Undertakings Dividend Frequency HCL Technologies Ltd. Software 1.06 Bank of India CRISIL A+ 3.42 Engineers India Ltd. Construction Project 1.04 Half Yearly (25th of Mar/Sep) Bank of India ICRA AA- 0.31 Motherson Sumi Systems Ltd. Auto Ancillaries 0.99 Public Sector Undertakings - Total 3.73 Ratios Ramkrishna Forgings Ltd. Industrial Products 0.98 Government Dated Securities Thermax Ltd. Industrial Capital Goods 0.91 Portfolio Turnover: 48.72% 7.59% Central Government SOV 8.53 Strides Arcolab Ltd. Pharmaceuticals 0.85 $ 8.29% State Government SOV 1.72 Beta: 1.05 Adani Port and Special Economic 8.33% State Government SOV 1.72 $Sharpe## : 0.65 Zone Limited Transportation 0.78 8.01% State Government SOV 1.71 $ Jubilant Foodworks Limited Consumer Non Durables 0.78 8.19% State Government SOV 1.71 Standard Deviation : 11.53% Equitas Holdings Ltd Finance 0.75 $ 7.35% Central Government SOV 0.03 Source: ICRA MFI Explorer. Oil & Natural Gas Government Dated Securities - Total 15.42 ## Risk rate assumed to be 6.43% (FBIL Corporation Ltd. Oil 0.75 Collateral Borrowing & Lending obligation 14.86 Navkar Corporation Limited Transportation 0.73 Overnight MIBOR rate as on 30th June Net Current Assets/(Liabilities) -0.50 UPL Ltd Pesticides 0.70 2016) Grand Total 100 Havells India Ltd. Consumer Durables 0.68 Minimum Investment Amount Initial Investment: `5000 and in multiple of `1 for purchase and for `0.01 for SYSTEMATIC INVESTMENT PLAN (SIP) switches Systematic Investment Plan (SIP) If you had invested `10,000 every month Additional Investment: `1000 & in multiples of `1 1 year 3 years 5 years 7 years 10 years Since Inception Ideal Investments Horizon: 3 years & Total amount invested (Rs) 120,000 360,000 600,000 840,000 1,200,000 2,000,000 above Total Value as on Jun 30, 2016 (Rs) 124,338 405,915 769,930 1,166,840 1,952,577 7,480,228 Load Structure Scheme Returns (%) 6.79 7.96 9.92 9.24 9.41 14.31 Entry Load: Nil. (applicable for all plans) Crisil Balanced Fund Index (Rs)# 125,965 412,549 774,899 1,163,296 1,930,371 NA Exit Load: Crisil Balanced Fund Index Returns (%) 9.37 9.06 10.18 9.15 9.19 NA I) For redemptions / switch outs (including Nifty 50 (Rs)^ 125,632 406,397 775,087 1,152,292 1,912,086 6,604,873 SIP/STP) within 1 year from the date of Nifty 50 Returns (%) 8.84 8.04 10.19 8.89 9.01 13.04 allotment of units, irrespective of the amount of investment:1% Scheme Inception : - November 25,1999. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working ii) For redemptions / switch outs (including day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows and SIP/STP) after 1 year from the date of taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception. # Benchmark ; ^ Additional Benchmark allotment of units, irrespective of the amount of investment: NIL Kotak Balance NAV as on June 30, 2016: `15.262 (Dividend Option), `16.020 (Direct Dividend Option), `19.528 (Growth Option) `20.277 (Direct Growth Option) iii) Any exit load charged (net off Service Tax, if any) shall be credited back to the PRODUCT LABEL respective Scheme. (applicable for all plans) SECTOR ALLOCATION (%) 15.42 Riskometer iv) Units issued on reinvestment of 22.15 9.31 18.38 20.7 ly Moderate Mo dividends shall not be subject to exit load 11.16 ate de 30.67 14.86 er Highra 4.77 23.73 d te (applicable for all plans) 3.71 o l M Low y 4.8 4.72 5.133.98 14.6 Total Expense Ratio** 5 4.96 5.335.71 High 5.18 15.429.43 6.61 6.02 15.88 Low Regular: 2.54% 6.27 9.66 9.08 Direct: 1.31% 4.18 6.73 4.22 10.22 LOW HIGH 7.08 14.69 Software **Total Expense Ratio excludes applicable Banks 4.70 Investors understand that their principal will be at moderately high risk B15 fee and service tax. Cement 5.86 6.23 Finance This product is suitable for investors who are seeking*: Construction Project CBLO & Term Deposits & Rev.Repo Long term capital growth Investment in equity & equity related securities balanced with income generation Debentures and Bonds Auto Consumer Non Durables by investing in debt & money market instruments * Investors should consult their financial advisors if in doubt about whether the Government Dated Securities Others Industrial Products product is suitable for them.

* For Fund Manager experience, please refer page 54-55. 13 For last three dividends, please refer page no 56-58. For scheme performance, please refer page no 44-53 EQUITY SCHEMES INVESTMENT STYLE Style Maturity Value Blend Growth Size Short Medium Long Volatility KOTAK EQUITY ARBITRAGE Large Low An Open - Ended Equity Growth Scheme Mid Medium

(As on June 30, 2016) Small High

Investment Objective PORTFOLIO The investment objective of the scheme is to generate capital appreciation and income by Issuer/Instrument Industry/Rating % to Net Assets % to Net Assets predominantly investing in arbitrage Derivatives opportunities in the cash and derivatives Equity & Equity related (Listed/Awaiting listing on Stock Exchange) segment of the equity market, and by investing the balance in debt and money Hedged market instruments. However, there is no HDFC Bank Ltd. Banks 3.75 -3.78 assurance that the objective of the scheme will be realized. Shriram Transport Finance Co Ltd. Finance 3.31 -3.31 Allotment Date Aurobindo Pharma Ltd. Pharmaceuticals 3.24 -3.26 September 29, 2005 Britannia Industries Ltd. Consumer Non Durables 2.54 -2.56 Fund Manager Ashok Leyland Ltd. Auto 2.32 -2.32 Mr. Deepak Gupta* Indiabulls Housing Finance Ltd. Finance 2.27 -2.28 Benchmark United Spirits Ltd. Consumer Non Durables 2.13 -2.14 Crisil Liquid Fund Reliance Industries Ltd. Petroleum Products 1.98 -2.00 AAUM (` In Crores) Adani Port and Special Economic Zone Limited Transportation 1.87 -1.88 AAUM as on June 30, 2016: `4,179.17 Rural Electrification Corporation Ltd Finance 1.71 -1.72 AUM (` In Crores) Indian Oil Corporation Ltd Petroleum Products 1.66 -1.67 AUM as on June 30, 2016: `3,632.56 Axis Bank Ltd Banks 1.64 -1.64 Available Plans/Options Infosys Ltd. Software 1.60 -1.61 A) Regular Plan UPL Ltd Pesticides 1.57 -1.58 B) Direct Plan / Options: Dividend Payout, Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 1.55 -1.56 Dividend Reinvestment & Growth (applicable HDFC Ltd. Finance 1.44 -1.44 for all plans) Coal India Ltd. Minerals/Mining 1.37 -1.39 Dividend Frequency Monthly (Monday preceding the last IDFC Limited Finance 1.14 -1.15 Thursday of the month), Bimonthly (Monday Grasim Industries Ltd. Cement 1.11 -1.12 preceding the last Thursday of the following months - January, March, May, July, Mahindra & Mahindra Ltd. Auto 1.09 -1.09 September, November) Eicher Motors Ltd Auto 1.07 -1.07 Ratio Oil & Natural Gas Corporation Ltd. Oil 1.03 -1.03 Portfolio Turnover: 286.12% L&T Finance Holdings Ltd Finance 1.01 -1.02 $Beta: 0.72 Tata Motors Ltd - DVR Auto 0.96 -0.97 $Sharpe## : 2.26 $Standard Deviation : 0.61% SKS Microfinance Limited Finance 0.89 -0.90 Source: $ICRA MFI Explorer. Castrol (India ) Ltd. Petroleum Products 0.88 -0.89 ## Risk rate assumed to be 6.43% (FBIL Reliance Power Ltd Power 0.82 -0.83 Overnight MIBOR rate as on 30th June Reliance Communications Ltd. Telecom - Services 0.79 -0.80 2016) MRF Limited Auto Ancillaries 0.75 -0.75 Minimum Investment Amount Tata Elxsi Ltd. Software 0.74 -0.74 Initial Investment: `5000 and in multiple of `1 for purchase and for `0.01 for switches Tata Global Beverages Limited Consumer Non Durables 0.73 -0.74 Additional Investment: `1000 & in Wipro Ltd. Software 0.69 -0.70 multiples of 1 ` Cairn India Limited Oil 0.64 -0.63 Ideal Investments Horizon: 3 months & Larsen And Toubro Ltd. Construction Project 0.64 -0.64 above Housing Development and Infrastructure Limited Construction 0.63 -0.63 Load Structure Asian Paints Ltd. Consumer Non Durables 0.56 -0.57 Entry Load: Nil. (applicable for all plans) Tech Mahindra Ltd. Software 0.56 -0.55 Exit Load: I) For redemptions/switch outs (including NCC Limited Construction Project 0.53 -0.53 STP/SWP) within 60 days from the date of Adani Power Ltd Power 0.52 -0.52 allotment of units, irrespective of the amount of investment: 0.25% IRB Infrastructure Developers Ltd Construction 0.52 -0.52 II) For redemptions/switch outs (including Glenmark Pharmaceuticals Ltd Pharmaceuticals 0.52 -0.52 STP/SWP) after 60 days from the date of Dewan Housing Finance Corporation Ltd. Finance 0.51 -0.51 allotment of units, irrespective of the amount of investment: Nil Bosch Limited Auto Ancillaries 0.50 -0.50 Note - 1) Any exit load charged (net off Karnataka Bank Ltd Banks 0.50 -0.48 Service Tax, if any ) shall be credited back to India Cements Ltd. Cement 0.47 -0.47 the Scheme. Sun TV Limited. Media and Entertainment 0.46 -0.46 2) Units issued on reinvestment of dividends shall not be subject to exit load (applicable TV18 Broadcast Ltd Media and Entertainment 0.44 -0.44 for all plans), (w.e.f. April 8, 2013) Cipla Ltd. Pharmaceuticals 0.42 -0.42 Total Expense Ratio** United Breweries Ltd. Consumer Non Durables 0.42 -0.42 Regular: 1.14% Direct:0.62% Dish TV India Ltd. Media and Entertainment 0.40 -0.41 **Total Expense Ratio excludes applicable Aditya Birla Nuvo Limited Services 0.39 -0.39 B15 fee and service tax. Cadila Healthcare Ltd. Pharmaceuticals 0.36 -0.36

* For Fund Manager experience, please refer page 54-55. For last three dividends, please refer page no 56-58. For scheme performance, please refer page no 44-53 14 EQUITY SCHEMES

KOTAK EQUITY ARBITRAGE An Open - Ended Equity Growth Scheme

(As on June 30, 2016)

PORTFOLIO

Issuer/Instrument Industry/Rating % to Net Assets % to Net Assets Derivatives Bharat Earth Movers Ltd. Industrial Capital Goods 0.35 -0.36 Tata Power Co. Ltd. Power 0.35 -0.35 Pidilite Industries Ltd. Chemicals 0.34 -0.34 Jain Irrigation Systems Ltd. Industrial Products 0.32 -0.33 Century Textiles & Industries Ltd. Cement 0.31 -0.31 ICICI Bank Ltd. Banks 0.30 -0.30 Tata Communications Ltd Telecom - Services 0.31 -0.30 GMR Infrastructure Ltd. Construction Project 0.29 -0.29 Hindustan Unilever Ltd. Consumer Non Durables 0.29 -0.29 DLF Limited Construction 0.28 -0.28 NHPC Limited Power 0.28 -0.28 Power Finance Corporation Ltd. Finance 0.27 -0.27 HCL Technologies Ltd. Software 0.26 -0.27 IFCI Ltd. Finance 0.26 -0.26 Jindal Steel & Power Ltd. Ferrous Metals 0.26 -0.27 Granules India Ltd. Pharmaceuticals 0.24 -0.24 Tata Chemicals Ltd. Chemicals 0.24 -0.24 CEAT Ltd. Auto Ancillaries 0.22 -0.23 Hexaware Technologies Ltd. Software 0.21 -0.22 JSW Steel Ltd. Ferrous Metals 0.21 -0.21 Biocon Ltd. Pharmaceuticals 0.20 -0.20 Indraprastha Gas Ltd. Gas 0.20 -0.20 Lupin Ltd. Pharmaceuticals 0.19 -0.19 Mahindra & Mahindra Financial Services Ltd. Finance 0.19 -0.19 Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.19 -0.19 The South Indian Bank Ltd. Banks 0.18 -0.18 Ultratech Cement Ltd. Cement 0.18 -0.18 Apollo Hospitals Enterprises Ltd. Healthcare Services 0.17 -0.17 Bharti Infratel Ltd. Telecom - Equipment & Accessories 0.16 -0.16 Oracle Financial Services Software Ltd Software 0.15 -0.15 Power Grid Corporation Of India Ltd Power 0.15 -0.15 Bajaj Auto Ltd. Auto 0.14 -0.15 Indiabulls Real Estate Ltd Construction 0.14 -0.15 Oriental Bank of Commerce Banks 0.13 -0.13 Wockhardt Ltd. Pharmaceuticals 0.13 -0.13 Dr Reddys Laboratories Ltd Pharmaceuticals 0.11 -0.11 Hindustan Petroleum Corporation Ltd Petroleum Products 0.11 -0.11 Kaveri Seed Company Ltd. Consumer Non Durables 0.11 -0.11 KPIT Technologies LImited Software 0.11 -0.11 Andhra Bank Banks 0.10 -0.09 Kotak Mahindra Bank Ltd. Banks 0.10 -0.10 Siemens Ltd. Industrial Capital Goods 0.10 -0.10 Adani Enterprises Ltd Trading 0.08 -0.08 National Thermal Power Corporation Limited Power 0.08 -0.08 Ajanta Pharma Ltd. Pharmaceuticals 0.07 -0.07 Apollo Tyres Ltd. Auto Ancillaries 0.07 -0.07 NMDC Ltd. Minerals/Mining 0.07 -0.07 Strides Arcolab Ltd. Pharmaceuticals 0.07 -0.07 Havells India Ltd. Consumer Durables 0.06 -0.06 Indo Count Industries Ltd. Textiles - Cotton 0.06 -0.06 Tata Steel Limited. Ferrous Metals 0.06 -0.06 Crompton Greaves Ltd. Industrial Capital Goods 0.05 -0.05 Hindustan Zinc Ltd. Non - Ferrous Metals 0.05 -0.05 Tata Consultancy Services Ltd. Software 0.05 -0.05 Bank Of Baroda Banks 0.04 -0.04 15

EQUITY SCHEMES

KOTAK EQUITY ARBITRAGE An Open - Ended Equity Growth Scheme

(As on June 30, 2016)

PORTFOLIO

Issuer/Instrument Industry/Rating % to Net Assets % to Net Assets Derivatives Jaiprakash Associates Ltd Construction 0.04 -0.04 Motherson Sumi Systems Ltd. Auto Ancillaries 0.04 -0.04 Zee Entertainment Enterprises Ltd Media and Entertainment 0.04 -0.04 Godrej Industries Ltd Consumer Non Durables 0.03 -0.03 JSW Energy Ltd. Power 0.03 -0.03 Maruti Suzuki India Limited Auto 0.03 -0.03 Voltas Ltd. Construction Project 0.03 -0.03 Jet Airways (India) Ltd. Transportation 0.02 -0.02 LIC Housing Finance Ltd. Finance 0.02 -0.02 PTC India Ltd. Power 0.02 -0.02 Tata Motors Ltd. Auto 0.02 -0.02 Bata India Ltd. Consumer Durables 0.01 -0.01 CESC Ltd. Power 0.01 -0.01 Container Corporation of India Ltd. Transportation 0.01 -0.01 Divi s Laboratories Limited Pharmaceuticals 0.01 -0.01 Oil India Limited Oil 0.01 -0.01 Hedged - Total 69.65 -69.98 Listed/Awaiting Listing on Stock Exchange - Total 69.65 -69.98 TERM DEPOSITS Kotak Mahindra Bank Ltd. 11.82 Ratnakar Bank Ltd 1.68 IndusInd Bank Ltd. 1.32 Term Deposits - Total 14.82 Collateral Borrowing & Lending obligation 0.91 Net Current Assets/(Liabilities) 14.62 Grand Total 100

Notes: Term Deposit as provided above is towards margin for derivatives transactions

Kotak Equity Arbitrage NAV as on June 30, 2016: `10.7358 (Dividend Option), `10.8767 (Direct Dividend Option), `22.3575 (Growth Option), `22.7506 (Direct Growth Option), `20.0807 (Bimonthly Option), `20.2831 (Direct Bimonthly Option)

SECTOR ALLOCATION (%) PRODUCT LABEL

15.73 Riskometer 31.44 Moderate M 18.33 19.07 tely od 16.98 16.8719.45 ra er 13.02 e Highat 2.9430.36 od e 3.15 Low ly 4.5 3.00 M 4.17 15.2816.5210.45 4.55 6.26 High 5.342.07 6.80 3.00 9.03 8.68 Low 5.78 6.91 6.97 11.41 7.30 2.26 3.207.73 7.07 5.42 8.416.51 LOW HIGH 4.37 6.81 4.63 Investors understand that their principal will be at moderately low risk 5.63 6.74 This product is suitable for investors who are seeking*: CBLO & Term Deposits & Rev.Repo Income from arbitrage opportunities in the equity market Investment in arbitrage opportunities in the cash & derivatives segment of Banks Pharmaceuticals Finance Petroleum Products the equity market. Power Consumer Non Durables Software * Investors should consult their financial advisors if in doubt about whether the Others Auto Finance Cement product is suitable for them. 16 EQUITY SCHEMES INVESTMENT STYLE Style Maturity Value Blend Growth Size Short Medium Long Volatility KOTAK EQUITY SAVINGS FUND Large Low An Open Ended Equity Fund Mid Medium

(As on June 30, 2016) Small High

Investment Objective PORTFOLIO The investment objective of the scheme is to generate capital appreciation and Issuer/Instrument Industry/Rating % to Net Assets % to Net Assets income by predominantly investing in - Derivatives arbitrage opportunities in the cash and Equity & Equity related (Listed/Awaiting listing on Stock Exchange) derivatives segment of the equity market, Non-Hedge and enhance returns with a moderate Infosys Ltd. Software 1.65 exposure in equity & equity related HDFC Bank Ltd. Banks 1.54 instruments. There is no assurance or Reliance Industries Ltd. Petroleum Products 1.24 ITC Ltd. Consumer Non Durables 1.11 guarantee that the investment objective of Grasim Industries Ltd. Cement 1.09 the scheme will be achieved. However, Bharat Petroleum Corporation Ltd. Petroleum Products 1.08 there is no assurance that the objective of Hero MotoCorp Ltd. Auto 0.94 the scheme will be realized. IndusInd Bank Ltd. Banks 0.91 Bajaj Auto Ltd. Auto 0.87 Allotment Date HDFC Ltd. Warrants Finance 0.86 Asian Paints Ltd. Consumer Non Durables 0.84 October 13, 2014 Zee Entertainment Enterprises Ltd Media and Entertainment 0.80 Hindustan Unilever Ltd. Consumer Non Durables 0.78 Fund Managers Ultratech Cement Ltd. Cement 0.73 Maruti Suzuki India Limited Auto 0.61 Mr. Deepak Gupta & Mr. Abhishek Bisen* Bajaj Finance Limited Finance 0.57 Tata Motors Ltd. Auto 0.54 Benchmark Yes Bank Ltd Banks 0.54 Lupin Ltd. Pharmaceuticals 0.49 75% of Crisil Liquid Fund & 25% in Nifty 50 Wipro Ltd. Software 0.44 AAUM ( In Crores) Petronet LNG Ltd. Gas 0.40 ` Axis Bank Ltd Banks 0.38 AAUM as on June 30, 2016: `827.95 Eicher Motors Ltd Auto 0.38 Equitas Holdings Ltd Finance 0.38 AUM (` In Crores) ICICI Bank Ltd. Banks 0.37 Larsen And Toubro Ltd. Construction Project 0.37 AUM as on June 30, 2016: ` 830.94 Power Grid Corporation Of India Ltd Power 0.35 GAIL (India) Ltd. Gas 0.30 Available Plans/Options JSW Steel Ltd. Ferrous Metals 0.28 Mahindra & Mahindra Ltd. Auto 0.25 A) Regular Plan National Thermal Power Corporation Limited Power 0.25 Tata Steel Limited. Ferrous Metals 0.25 B) Direct Plan / Options: Dividend Payout, Britannia Industries Ltd. Consumer Non Durables 0.24 Dividend Reinvestment & Growth Geometric Software Solutions Co Ltd Software 0.24 (applicable for all plans) Ashok Leyland Ltd. Auto 0.22 Tata Consultancy Services Ltd. Software 0.21 Dividend Frequency Alkem Laboratories Ltd Pharmaceuticals 0.19 Aurobindo Pharma Ltd. Pharmaceuticals 0.18 Monthly (12th of every month) Quarterly Marico Ltd. Consumer Non Durables 0.18 (20th of March, June, September and Bajaj Finserv Ltd. Finance 0.17 Bharti Airtel Ltd. Telecom - Services 0.17 December of every year) Dr Reddys Laboratories Ltd Pharmaceuticals 0.15 Mahanagar Gas Ltd Gas 0.15 Ratios HCL Technologies Ltd. Software 0.14 Portfolio Turnover: 177.23% HDFC Ltd. Finance 0.14 $Beta:0.86 Bosch Limited Auto Ancillaries 0.13 Ujjivan Financial Services Ltd Finance 0.12 $Sharpe## : 0.02 S H Kelkar and Company Ltd Consumer Non Durables 0.11 $Standard Deviation : 3.62% Divi s Laboratories Limited Pharmaceuticals 0.10 $ Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 0.09 Source: ICRA MFI Explorer. Thyrocare Technologies Ltd Pharmaceuticals 0.09 ## Risk rate assumed to be 6.43% (FBIL Bharti Infratel Ltd. Telecom - Equipment & Accessories 0.08 Overnight MIBOR rate as on 30th June CNX NIFTY - 8000.000 - Call Option - December 2016 0.07 TVS Motors Company Ltd Auto 0.06 2016) Ambuja Cements Ltd Cement 0.05 Bank Of Baroda Banks 0.05 Minimum Investment Amount Dish TV India Ltd. Media and Entertainment 0.05 Initial Investment: `5000 and in multiple Sun Pharma Advance Research Co.Ltd Pharmaceuticals 0.04 of `1 for purchase and for `0.01 for Cadila Healthcare Ltd. Pharmaceuticals 0.03 switches ACC Ltd. Cement 0.02 Additional Investment: `1000 & in Chennai Super Kings Cricket Ltd. Media and Entertainment 0.02 Non-Hedged- Total 25.08 0.00 multiples of `1 for purchase and for `0.01 Hedged for switches GMR Infrastructure Ltd. Construction Project 3.48 -3.52 Ideal Investments Horizon: 3 years & Karnataka Bank Ltd Banks 2.21 -2.15 above IDFC Limited Finance 1.78 -1.80 HDFC Bank Ltd. Banks 1.56 -1.56 Load Structure Dish TV India Ltd. Media and Entertainment 1.33 -1.33 Jain Irrigation Systems Ltd. Industrial Products 1.23 -1.24 Entry Load: Nil. Infosys Ltd. Software 1.14 -1.14 Housing Development and Infrastructure Limited Construction 1.07 -1.08 Exit Load: Maruti Suzuki India Limited Auto 0.89 -0.89 I) For redemption / switch out of upto 10% Tata Communications Ltd Telecom - Services 0.89 -0.90 of the initial investment amount (limit) Ashok Leyland Ltd. Auto 0.81 -0.81 Axis Bank Ltd Banks 0.69 -0.69 purchased or switched in within 1 year from India Cements Ltd. Cement 0.69 -0.69 the date of allotment: Nil. L&T Finance Holdings Ltd Finance 0.68 -0.69 ii) If units redeemed or switched out are in Century Textiles & Industries Ltd. Cement 0.65 -0.65 excess of the limit within 1 year from the HDFC Ltd. Finance 0.63 -0.63 date of allotment: 1%. Aurobindo Pharma Ltd. Pharmaceuticals 0.60 -0.60 Hindustan Petroleum Corporation Ltd Petroleum Products 0.60 -0.60 iii) If units are redeemed or switched out IRB Infrastructure Developers Ltd Construction 0.54 -0.54 on or after 1 year from the date of Wockhardt Ltd. Pharmaceuticals 0.50 -0.50 allotment: Nil. NCC Limited Construction Project 0.48 -0.48 iv) Any exit load charged (net off Service Reliance Power Ltd Power 0.46 -0.46 Tax, if any) shall be credited back to the MRF Limited Auto Ancillaries 0.45 -0.45 IFCI Ltd. Finance 0.42 -0.42 respective Scheme. Units issued on Shriram Transport Finance Co Ltd. Finance 0.40 -0.40 reinvestment of dividends shall not be Jet Airways (India) Ltd. Transportation 0.39 -0.39 subject to entry and exit load. Rural Electrification Corporation Ltd Finance 0.39 -0.39 Glenmark Pharmaceuticals Ltd Pharmaceuticals 0.38 -0.39 Total Expense Ratio** Reliance Communications Ltd. Telecom - Services 0.38 -0.38 SKS Microfinance Limited Finance 0.35 -0.35 Regular: 1.65% Tech Mahindra Ltd. Software 0.35 -0.34 Direct: 1.01% DLF Limited Construction 0.34 -0.34 Asian Paints Ltd. Consumer Non Durables 0.30 -0.30 **Total Expense Ratio excludes applicable Dewan Housing Finance Corporation Ltd. Finance 0.29 -0.29 B15 fee and service tax. Indian Oil Corporation Ltd Petroleum Products 0.29 -0.30

17 * For Fund Manager experience, please refer page 54-55. For last three dividends, please refer page no 56-58. For scheme performance, please refer page no 44-53 EQUITY SCHEMES

KOTAK EQUITY SAVINGS FUND An Open Ended Equity Fund

(As on June 30, 2016)

PORTFOLIO

Issuer/Instrument Industry/Rating % to Net Assets % to Net Assets - Derivatives Adani Port and Special Economic Zone Limited Transportation 0.28 -0.28 Reliance Industries Ltd. Petroleum Products 0.28 -0.28 Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 0.28 -0.28 Indiabulls Real Estate Ltd Construction 0.26 -0.26 UPL Ltd Pesticides 0.24 -0.24 Cairn India Limited Oil 0.22 -0.22 HCL Technologies Ltd. Software 0.22 -0.22 Indiabulls Housing Finance Ltd. Finance 0.22 -0.22 Adani Power Ltd Power 0.21 -0.21 Aditya Birla Nuvo Limited Services 0.21 -0.21 Wipro Ltd. Software 0.21 -0.21 LIC Housing Finance Ltd. Finance 0.17 -0.17 Larsen And Toubro Ltd. Construction Project 0.16 -0.16 Tata Chemicals Ltd. Chemicals 0.16 -0.16 Hindustan Unilever Ltd. Consumer Non Durables 0.15 -0.15 United Spirits Ltd. Consumer Non Durables 0.15 -0.15 Cipla Ltd. Pharmaceuticals 0.14 -0.14 Grasim Industries Ltd. Cement 0.13 -0.13 Sun TV Limited. Media and Entertainment 0.13 -0.13 Castrol (India ) Ltd. Petroleum Products 0.12 -0.12 Power Finance Corporation Ltd. Finance 0.12 -0.12 Oil & Natural Gas Corporation Ltd. Oil 0.10 -0.10 Tata Motors Ltd - DVR Auto 0.10 -0.10 Coal India Ltd. Minerals/Mining 0.09 -0.09 Tata Elxsi Ltd. Software 0.09 -0.09 Tata Global Beverages Limited Consumer Non Durables 0.09 -0.09 Power Grid Corporation Of India Ltd Power 0.08 -0.08 ICICI Bank Ltd. Banks 0.06 -0.06 SRF Ltd. Textile Products 0.06 -0.06 Amara Raja Batteries Ltd. Auto Ancillaries 0.05 -0.05 TV18 Broadcast Ltd Media and Entertainment 0.05 -0.05 Hindalco Industries Ltd Non - Ferrous Metals 0.04 -0.04 Mahindra & Mahindra Financial Services Ltd. Finance 0.04 -0.04 Vedanta Ltd. Minerals/Mining 0.04 -0.04 Bank Of Baroda Banks 0.03 -0.03 NMDC Ltd. Minerals/Mining 0.03 -0.03 Bharat Earth Movers Ltd. Industrial Capital Goods 0.02 -0.02 CESC Ltd. Power 0.02 -0.02 Indraprastha Gas Ltd. Gas 0.02 -0.03 National Thermal Power Corporation Limited Power 0.02 -0.02 Pidilite Industries Ltd. Chemicals 0.02 -0.02 Tata Consultancy Services Ltd. Software 0.02 -0.02 Tata Power Co. Ltd. Power 0.02 -0.02 Jaiprakash Associates Ltd Construction 0.01 -0.01 Oracle Financial Services Software Ltd Software 0.01 -0.01 Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.01 -0.01 Hedged - Total 32.82 -32.88 Listed/Awaiting Listing on Stock Exchange - Total 57.90 -32.88 Mutual Fund Units Kotak Floater Short Term Direct Growth 2.41 Mutual Fund Units - Total 2.41 Government Dated Securities 7.59 Central Government SOV 3.61 8.53 State Government SOV 0.61 Government Dated Securities - Total 4.22 TERM DEPOSITS Kotak Mahindra Bank Ltd. 7.93 Ratnakar Bank Ltd 1.68 Term Deposits - Total 9.61 Collateral Borrowing & Lending obligation 10.90 Net Current Assets/(Liabilities) 14.96 Grand Total 100

Kotak Equity Savings Fund NAV as on June 30, Systematic InvestmentSYSTEMA PlanTIC (SIP) INVESTMENT If you had invested PLAN `10,000 (SIP) every month 2016: `11.327 (Growth Option), `10.5308 (Monthly 1 year Since Inception Dividend Option), `10.4772 (Quarterly Dividend Option), `11.4538 (Direct Growth Option), `10.6548 Total amount invested (Rs) 120,000 210,000 (Direct Monthly Dividend Option), `10.5252 (Direct Total Value as on Jun 30, 2016 (Rs) 124,555 222,255 Quarterly Dividend Option) Scheme Returns (%) 7.13 6.37 75% Crisil Liquid Fund Index + 25% Nifty 50 (Rs)# 125,253 218,957 75% Crisil Liquid Fund Index + 25% Nifty 50 Returns (%) 8.24 4.66 Nifty 50 (Rs)^ 125,632 213,892 Nifty 50 Returns (%) 8.84 2.03 # Benchmark ; ^ Additional Benchmark SECTOR ALLOCATION (%) PRODUCT LABEL

20.51 Riskometer 33.40 ly Moderate Mo ate de 22.18 er Highra 30.03 8.34 d te o l M Low y 11.19

High 8.92 3.6 Low 3.72 3.36 5.1 7.09 7.73 3.61 5.67 LOW HIGH 3.95 4.72 4.22 4.49 Investors understand that their principal will be at moderately high risk CBLO & Term Deposits & Rev.Repo Banks Finance This product is suitable for investors who are seeking*: Software Auto Government Dated Securities Income from arbitrage opportunities in the equity market & long term Consumer Non Durables Cement Construction Project capital growth Investment predominantly in arbitrage opportunities in the cash & Petroleum Products Others derivatives segment of the equity market and equity & equity related securities * Investors should consult their financial advisors if in doubt about whether the product is suitable for them. 18 EQUITY SCHEMES INVESTMENT STYLE Style KOTAK INDIA GROWTH FUND Value Blend Growth Size SERIES I Large 3 years Close- Ended Equity Scheme Mid (As on June 30, 2016) Small

Investment Objective PORTFOLIO The investment objective of the scheme is to generate capital appreciation from a diversified portfolio of equity & equity Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net related instruments across market Assets Assets capitalisation and sectors. There is no Equity & Equity related (Listed/Awaiting listing on Stock India Ltd Power 3.11 assurance or guarantee that the investment Exchange) Equitas Holdings Ltd Finance 3.07 objective of the scheme will be achieved. Infosys Ltd. Software 9.56 Oracle Financial Services However, there is no assurance that the HDFC Bank Ltd. Banks 9.29 Software Ltd Software 2.89 objective of the scheme will be realized. ICICI Bank Ltd. Banks 7.03 Persistent Systems Limited Software 2.89 IndusInd Bank Ltd. Banks 6.22 Kajaria Ceramics Ltd. Construction 2.80 Allotment Date Larsen And Toubro Ltd. Construction Project 5.71 Jubilant Foodworks Limited Consumer Non Durables 2.72 May 06, 2015 Axis Bank Ltd Banks 5.62 Mahanagar Gas Ltd Gas 0.03 Maruti Suzuki India Limited Auto 5.29 Listed/Awaiting Listing on Stock Exchange - Total 96.01 Fund Manager Sun Pharmaceuticals TERM DEPOSITS Mr. Harish Krishnan Industries Ltd. Pharmaceuticals 5.02 Kotak Mahindra Bank Ltd. 0.79 Benchmark Reliance Industries Ltd. Petroleum Products 4.85 Term Deposits - Total 0.79 Nifty 200 Ultratech Cement Ltd. Cement 4.32 Collateral Borrowing & Lending obligation 3.11 Hero MotoCorp Ltd. Auto 4.18 AAUM (` In Crores) Net Current Assets/(Liabilities) 0.09 Britannia Industries Ltd. Consumer Non Durables 4 Grand Total 100 AAUM as on June 30, 2016: `376.22 Tata Motors Ltd - DVR Auto 3.84 AUM (` In Crores) Shree Cement Ltd. Cement 3.57 AUM as on June 30, 2016: `379.75 Power Grid Corporation Of Available Plans/Options A) Regular Plan B) Direct Plan / Options: Dividend Payout & Growth (applicable for all plans)

Dividend Frequency Trustees Discretion Ratios Portfolio Turnover: 18.29 %

Minimum Investment Amount The scheme is a close ended scheme. The units of the scheme can be traded on the stock exchange.

Load Structure Entry Load: Nil. (applicable for all plans) Exit Load: Nil. (applicable for all plans)

Total Expense Ratio** Regular: 2.52% Direct:2.02% **Total Expense Ratio excludes applicable B15 fee and service tax.

Kotak India Growth Fund Series I NAV as on June 30, 2016: `10.7478 (Dividend Option), `10.8146 (Direct Dividend Option), `10.7478 (Growth Option), `10.8146 (Direct Growth Option)

SECTOR ALLOCATION (%) PRODUCT LABEL Riskometer 5.99 3.11 3.90 Moderate M tely od 4.85 28.16 ra er 26.3529.1227.37 e Highat 25.6326.2832.53 od e 5.024.814.3 Low ly 5.765.455.645.32 M 7.034.95 5.715.825.976.95.46 5.07 High 5.83 7.096.465.556.94 14.316.68 7.1 16.8315.9317.4 Low 6.72 6.446.747.49 7.537.56.48 10.61 14.69 14.7413.6514.7 9.3613.16 LOW HIGH 7.89 15.34 Investors understand that their principal will be at moderately high risk 13.31 This product is suitable for investors who are seeking*: Long term capital growth Consumer Non Durable Banks Cement Software Auto Investment in equity and equity related securities across market Petroleum Products Pharmaceuticals Construction Project capitalisation and sectors * Investors should consult their financial advisors if in doubt about whether the CBLO & Term Deposits & Rev.Repo Power Others product is suitable for them.

19 DEBT SCHEMES INVESTMENT STYLE Maturity Short Medium Long Volatiliy KOTAK LIQUID Low An Open - Ended Debt Scheme Medium

(As on June 30, 2016) High

Investment Objective PORTFOLIO To provide reasonable returns and high level of liquidity by investing in debt and money market instruments of different maturities Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net so as to spread risk across different kinds of Assets Assets issuers in the debt markets. However, there Money Market Instruments Treasury Bills is no assurance that the objective of the scheme will be realized. Commercial Paper(CP)/Certificate of Deposits(CD) 91 Days Treasury Bill 15/09/2016 SOV 12.40 Allotment Date Corporate Debt/Financial Institutions 91 Days Treasury Bill 01/09/2016 SOV 5.50 91 Days Treasury Bill 11/08/2016 SOV 4.09 Regular Plan - October 5, 2000; Ultratech Cement Ltd. CRISIL A1+ 7.54 Reliance Jio Infocomm Limited CARE A1+ 6.38 91 Days Treasury Bill 07/07/2016 SOV 3.14 Institutional Plan - March 14, 2003; Tata Motors Ltd. ICRA A1+ 4.52 364 Days Treasury Bill 07/07/2016 SOV 2.74 Plan A - November 4, 2003 HDFC Bank Ltd. ICRA A1+ 4.23 364 Days Treasury Bill 04/08/2016 SOV 0.23 Fund Managers Dewan Housing Finance Treasury Bills - Total 28.10 Mr. Deepak Agrawal* Corporation Ltd. CRISIL A1+ 3.90 Net Current Assets/(Liabilities) -12.03 Indiabulls Housing Finance Limited CRISIL A1+ 3.89 Grand Total 100 Benchmark Edelweiss Commodities Services Ltd. CRISIL A1+ 3.57 CRISIL Liquid Fund Mahindra & Mahindra Financial AAUM (` In Crores) Services Ltd. CRISIL A1+ 3.26 AXIS Bank Ltd. CRISIL A1+ 3.06 AAUM as on June 30, 2016: ` 9,221.20 IndusInd Bank Ltd. CRISIL A1+ 2.46 AUM (` In Crores) Corporate Debt/Financial Institutions - Total 42.81 ` 7,643.97 AUM as on June 30, 2016: Public Sector Undertakings Available Plans/Options National Bank for Agriculture and Rural Developmen CRISIL A1+ 12.30 Plans: a) Regular & b) Institutional (discontinued for further subscriptions IDBI Bank Ltd. CRISIL A1+ 7.78 w.e.f. October 1, 2012) c) Plan A (Previously Steel Authority of India Ltd. CARE A1+ 6.51 known as Institutional Premium Plan) d) Vijaya Bank CRISIL A1+ 4.53 Direct Plan / Options: Dividend Payout, Dividend Reinvestment & Growth Export-Import Bank of India. CRISIL A1+ 3.63 (applicable for all plans) Power Finance Corporation Ltd. CRISIL A1+ 2.61 Dividend Frequency Rural Electrification Corporation Ltd. CARE A1+ 2.60 Daily, Weekly (Every Monday) (applicable Corporation Bank CRISIL A1+ 0.55 for all plans) Public Sector Undertakings - Total 40.51 Ratios Reverse Repo 0.61 $Standard Deviation: 0.18%, Average Maturity of the portfolio based on total maturity of fixed rate and immediate reset date of floating rate instruments : Modified Duration: 0.13 yrs, 0.13 years Portfolio Yield: 7.16 Kotak Liquid Plan A Fund NAV as on June 30, 2016: `3128.8072 (Growth Option), `3134.1328 (Direct Growth Option), Source: $ICRAMFI Explorer. Standard `1000.6632 (Weekly Dividend), `1005.7884 (Direct Weekly Dividend), `1222.8100 (Daily Dividend), `1222.8100(Direct Daily Dividend) Deviation is calculated on Annualised basis using 3 years history of monthly returns. Minimum Investment Amount Initial Investment: Plan A - `5000 and in multiple of `1 for purchase and for `0.01 for switches SECTOR ALLOCA TION (%) RATING PROFILE Additional Investment: `1000 & in -12.03 0.61 -12.03 multiples of `1 0.61 6.85 Ideal Investment Horizon: 1 - 15 days 28.1 8.39 15.57

Load Structure 15.55 19.74 Entry Load: Nil. (applicable for all plans) 64.44 90.22 Exit Load: Nil. (applicable for all plans) 90.38 75.74 Note - Units issued on reinvestment of 83.32 dividends shall not be subject to exit load (applicable for all plans) Commercial Paper (CP)/Certificate of Deposits (CD) A1+, SOV 111.42 Total Expense Ratio** CBLO & Term Deposits & Rev.Repo Net Current Assets Treasury Bills Net Current Assets CBLO & Term Deposits & Rev.Repo Regular: 0.11% Direct: 0.06% **Total Expense Ratio excludes applicable B15 fee and service tax. PRODUCT LABEL Riskometer This product is suitable for investors who are seeking*: ly Moderate Mo Income over a short term investment horizon ate de er Highra d te o l Investment in debt & money market securities M Low y * Investors should consult their financial advisors if in doubt High about whether the product is suitable for them.

Low

LOW HIGH Investors understand that their principal will be at low risk

* For Fund Manager experience, please refer page 54-55. For scheme performance, please refer page no 44-53 20 DEBT SCHEMES INVESTMENT STYLE Maturity Short Medium Long Volatiliy KOTAK FLOATER SHORT TERM Low An Open - Ended Debt Scheme Medium

(As on June 30, 2016) High

Investment Objective PORTFOLIO To reduce the interest rate risk associated with investments in fixed rate instruments Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net by investing predominantly in floating rate Assets Assets securities, money market instruments and Debt Instruments Public Sector Undertakings using appropriate derivatives. However, Debentures and Bonds there is no assurance that the objective of Steel Authority of India Ltd. CARE A1+ 6.65 the scheme will be realized. Corporate Debt/Financial Institutions Small Industries Development Reliance Jio Infocomm Limited CARE A1+ 9.27 Bank Of India. CARE A1+ 5.95 Allotment Date Muthoot Finance Ltd CRISIL A1+ 7.27 IDBI Bank Ltd. CRISIL A1+ 5.29 India Infoline Finance Limited ICRA A1+ 4.31 July 14, 2003 Power Finance Corporation Ltd. CRISIL A1+ 2.65 Suraksha Reality Ltd ( Secured by Export-Import Bank of India. CRISIL A1+ 2.64 Fund Managers Equity shares of Sun Public Sector Undertakings - Total 23.18 Mr. Deepak Agrawal* Pharmaceuticals Industries Ltd ) CARE A1+(SO) 4.00 Treasury Bills Ultratech Cement Ltd. CRISIL A1+ 3.99 91 Days Treasury Bill 01/09/2016 SOV 7.92 Benchmark Aditya Birla Nuvo Limited ICRA A1+ 3.97 91 Days Treasury Bill 15/09/2016 SOV 6.59 CRISIL Liquid Fund Suraksha Reality Ltd ( Secured by 91 Days Treasury Bill 11/08/2016 SOV 4.11 Equity shares of Sun AAUM (` In Crores) 91 Days Treasury Bill 28/07/2016 SOV 3.32 Pharmaceuticals Industries Ltd ) CARE A1+ 3.95 91 Days Treasury Bill 07/07/2016 SOV 2.00 AAUM as on June 30, 2016: ` 9,052.82 HDFC Bank Ltd. ICRA A1+ 3.25 91 Days Treasury Bill 13/07/2016 SOV 0.07 AUM (` In Crores) AXIS Bank Ltd. CRISIL A1+ 2.88 Treasury Bills - Total 24.01 AUM as on June 30, 2016: ` 7,488.99 Reliance Capital Ltd. ICRA A1+ 2.65 Net Current Assets/(Liabilities) -11.24 Tata Motors Ltd. ICRA A1+ 2.65 Grand Total 100 Available Plans/Options Adani Port and Special Economic A) Regular Plan Zone Limited ICRA A1+ 2.64 B) Direct Plan/Options: Dividend Au Financiers (India) Limited FITCH IND A1+ 2.64 Reinvestment & Growth (applicable for all Essel Mining & Industries Ltd. ICRA A1+ 2.63 plans Mahindra & Mahindra Financial Dividend Frequency Services Ltd. CRISIL A1+ 2.26 Daily, Weekly (Every Monday) and Vedanta Ltd. CRISIL A1+ 1.98 Monthly (12th of every Month) Tata Motors Finance Ltd CRISIL A1+ 1.33 Ratios Tata Power Company Ltd. ICRA A1+ 1.33 $Standard Deviation: 0.15%, Phoenix ARC Pvt Ltd CRISIL A1+ 0.66 Modified Duration:0.13 yrs, Piramal Enterprises Limited CRISIL A1+ 0.39 Portfolio Yield: 7.40% Corporate Debt/Financial Institutions - Total 64.05 Source: $ICRAMFI Explorer. Standard Average Maturity of the portfolio based on total maturity of fixed rate and immediate reset date of floating rate instruments : Deviation is calculated on Annualised basis 0.13 years using 3 years history of monthly returns. Kotak Floater Short Term Fund NAV as on June 30, 2016: `2531.4215 (Growth Option), `2535.7658 (Direct Growth Option), Minimum Investment Amount `1012.6322 (Weekly Dividend), `1022.3002 (Direct Weekly Dividend), `1004.8771 (Monthly Dividend), `1010.2217 (Direct Monthly Initial Investment: ` 5 0 0 0 U n d e r Dividend), `1011.6200(Daily Dividend), `1011.6200 (Direct Daily Dividend) growth, weekly dividend and monthly dividend option & `1,00,000 under Daily Dividend Reinvestment option, Additional Investment: `1000 & in multiples of `1 SECTOR ALLOCATION (%) RATING PROFILE (%) Ideal Investment Horizon: 1-15 days -11.24 -11.24 Load Structure 24.01 4.56 Entry Load: Nil. (applicable for all plans) Exit Load: Nil (applicable for all plans) Note - Units issued on reinvestment of dividends shall not be subject to exit load 92.95 95.5897.08 (applicable for all plans)

Total Expense Ratio** 87.23 111.24 Regular: 0.16% Commercial Paper (CP)/Certificate of Deposits (CD) Direct: 0.11% A1+, A1+(SO), IND A1+, SOV Net Current Assets Treasury Bills Net Current Assets **Total Expense Ratio excludes applicable B15 fee and service tax.

PRODUCT LABEL

Riskometer This product is suitable for investors who are seeking*: Moderate M tely od Income over a short term investment horizon ra er e Highat od e Low ly Investment in floating rate securities, debt & money M market securities

High * Investors should consult their financial advisors if in doubt

Low about whether the product is suitable for them.

LOW HIGH Investors understand that their principal will be at low risk

* For Fund Manager experience, please refer page 54-55. 21 For scheme performance, please refer page no 44-53. For last three dividends, please refer page no 56-58 DEBT SCHEMES INVESTMENT STYLE Maturity Short Medium Long Volatiliy KOTAK TREASURY ADVANTAGE FUND Low (Formerly Known as Kotak Floater Long Term Scheme) Medium An Open Ended Debt Scheme High (As on June 30, 2016)

Investment Objective PORTFOLIO The investment objective of the Scheme is to generate returns through investments in Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net debt and money market instruments with a Assets Assets view to reduce the interest rate risk. Debt Instruments Rural Developmen CRISIL AAA 4.51 However, there is no assurance or Debentures and Bonds State Bank Of India. CRISIL AAA 2.05 guarantee that the investment objective of Corporate Debt/Financial Institutions Power Finance Corporation Ltd. CRISIL AAA 1.65 the scheme will be achieved. Bharti enterprises (Holding) Small Industries Development Bank Pvt. Ltd. CRISIL A1+ 10.60 Allotment Date Of India. CARE AAA 0.91 Kotak Mahindra Prime Ltd. ^ CRISIL AAA 5.02 Vijaya Bank CARE AA+ 0.11 August 13, 2004 HDFC Ltd. ^ CRISIL AAA 3.63 Public Sector Undertakings - Total 9.23 Tata Motors Finance Ltd CRISIL AA 3.43 Money Market Instruments Fund Manager Karelides Traders Private Ltd. Commercial Paper(CP)/Certificate of Deposits(CD) ( backed by unconditional and Mr. Deepak Agrawal* Corporate Debt/Financial Institutions irrevocable undertaking by a Piramal Enterprises Limited ICRA A1+ 7.94 Benchmark wholly owned subsidiary of Piramal Hindustan Zinc Ltd ICRA A1+ 7.17 Enterprises Ltd ) ICRA AA- 3.30 Adani Port and Special Economic CRISIL Liquid Fund Shriram Transport Finance Co Ltd. FITCH IND AA+ 2.96 Zone Limited ICRA A1+ 6.70 Fullerton India Credit Co. Ltd. CARE AAA 2.85 AAUM (` In Crores) AXIS Bank Ltd. CRISIL A1+ 3.10 Shriram Transport Finance Co Ltd. CRISIL AA+ 2.80 Adani Transmission Ltd FITCH IND A1+ 2.90 AAUM as on June 30, 2016: ` 4,806.62 Nabha Power Ltd. ( backed by Manappuram Finance Ltd CRISIL A1+ 2.20 unconditional and irrevocable HDFC Ltd. ICRA A1+ 1.65 AUM (` In Crores) guarantee by Larsen & Toubro Ltd ) ICRA AAA 2.73 Piramal Enterprises Limited CRISIL A1+ 1.56 Kotak Mahindra Investments Ltd. CRISIL AAA 2.27 AUM as on June 30, 2016: ` 4,398.63 Muthoot Finance Ltd CRISIL A1+ 1.12 Tata Power Renewable Energy Ltd. CARE AA 2.16 HDFC Bank Ltd. ICRA A1+ 0.56 Mahindra & Mahindra Financial ICICI Bank Ltd. ICRA A1+ 0.11 Available Plans/Options Services Ltd. FITCH IND AAA 1.14 Corporate Debt/Financial Institutions - Total 35.01 Piramal Enterprises Limited ICRA AA 0.32 A) Regular Plan Public Sector Undertakings Tata Capital Housing Finance Ltd; CRISIL AA+ 0.27 Small Industries Development Bank B) Direct Plan/Options: Dividend Payout, Mandava Holdings Private Limited Of India. CARE A1+ 1.13 ( backed by unconditional and Corporation Bank CRISIL A1+ 0.27 Dividend Reinvestment & Growth irrevocable undertaking by (applicable for all plans) Andhra Bank CARE A1+ 0.22 Axis Capital ) ICRA AAA 0.26 Export-Import Bank of India. CRISIL A1+ 0.22 Dividend Frequency SP Jammu Udhampur Highway IDBI Bank Ltd. CRISIL A1+ 0.02 Ltd. ( backed by unconditional and Public Sector Undertakings - Total 1.86 Daily, Monthly (12th of every Month) and irrevocable guarantee of Shapoorji Reverse Repo 0.38 Weekly (Every Monday) Pallonji & Co Pvt Ltd ) ICRA AAA 0.23 Treasury Bills Tata Capital Financial Services Ratios 91 Days Treasury Bill 29/09/2016 SOV 12.19 Limited CRISIL AA+ 0.23 91 Days Treasury Bill 01/09/2016 SOV 0.12 $Standard Deviation: 0.47%, Nabha Power Ltd. ( ) ICRA AAA(SO) 0.21 91 Days Treasury Bill 22/09/2016 SOV 0.03 India Infoline Finance Limited CARE AA 0.11 Treasury Bills - Total 12.34 East-North Interconnection Modified Duration: 0.56 yrs, Collateral Borrowing & Lending obligation 4.95 Company Limited CRISIL AAA(SO) 0.07 Net Current Assets/(Liabilities) -8.36 Portfolio Yield:7.99% Corporate Debt/Financial Institutions - Total 44.59 Grand Total 100 Source: $ICRAMFI Explorer. Standard Public Sector Undertakings Deviation is calculated on Annualised basis National Bank for Agriculture and using 3 years history of monthly returns. Note:^ Party blocked against Interest Rate Swap (IRS). Minimum Investment Amount Average Maturity of the portfolio based on total maturity of fixed rate and immediate reset date of floating rate instruments : Initial Investment: (i) Dividend Re- 0.56 years. investment & Growth- `5000 & above (ii) K o t a k Tre a s u r y A d v a n t a g e F u n d N AV a s o n J u n e 3 0 , 2 0 1 6 : ` 1 0 . 0 7 9 8 ( D a i l y D i v i d e n d O p t i o n ) , Dividend Payout (Weekly) - `1,00,00,000 & `10.0798 (Daily Dividend - Direct), `24.6158 (Growth Option), `10.1362 (Monthly Dividend Option), `10.1488 (Weekly Dividend Option), above `11.2393 (Monthly Dividend - Direct), `10.1648 (Weekly Dividend - Direct), `24.8507 (Growth - Direct Option) Additional Investment: `1000 & in multiples of `1 Ideal Investment Horizon: 1-3 months Load Structure RATING PROFILE -8.36 -8.36 Entry Load: Nil. (applicable for all plans) 5.33 5.33 Exit Load: Nil.(applicable for all plans) 12.34 53.82 15.69 15.69 Note - Units issued on reinvestment of 19.2 dividends shall not be subject to exit load (applicable for all plans) 76.57 Total Expense Ratio** 83.68

Regular: 0.60% 36.87 87.34 Direct: 0.25% CBLO & Term Deposits & Rev. Repo AA+, IND AA+, AA, AA- **Total Expense Ratio excludes applicable Commercial Paper (CP)/Certificate of Deposits (CD) A1+, AAA, AAA(SO), IND A1+, IND AAA, SOV B15 fee and service tax. Debentures and Bonds Net Current Assets Treasury Bills CBLO & Term Deposits & Rev.Repo Net Current Assets

PRODUCT LABEL

Riskometer This product is suitable for investors who are seeking*: ly Moderate Mo Income over a short term investment horizon ate de er Highra d te o l Investment in debt & money market securities M Low y * Investors should consult their financial advisors if in doubt High about whether the product is suitable for them.

Low

LOW HIGH Investors understand that their principal will be at moderately low risk

* For Fund Manager experience, please refer page 54-55. For scheme performance, please refer page no 44-53. For last three dividends, please refer page no 56-58 22 DEBT SCHEMES INVESTMENT STYLE Maturity Short Medium Long Volatiliy KOTAK BANKING AND PSU DEBT FUND Low Earlier known as Kotak Mahindra Gilt Savings Scheme - 98 - Savings Plan. Medium An Open - Ended Debt Scheme High (As on June 30, 2016)

Investment Objective PORTFOLIO To generate income by predominantly investing in debt & money market securities Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net issued by Banks & PSUs and Reverse repos in Assets Assets such securities, sovereign securities issued Debt Instruments Power Finance Corporation Ltd. CRISIL AAA 1.38 by the Central Government and State Debentures and Bonds Public Sector Undertakings - Total 56.65 Governments, and / or any security Public Sector Undertakings Government Dated Securities unconditionally guaranteed by the Govt. of ONGC Manglore Petrochemicals Ltd. FITCH IND AAA 9.04 8.39% State Government SOV 16.61 India. However, there is no assurance that Powergrid Vizag Transminssion Ltd. Government Dated Securities - Total 16.61 the objective of the scheme will be realized. ( backed by unconditional and Money Market Instruments irrevocable guarantee by Commercial Paper(CP)/Certificate of Deposits(CD) Powergrid Corp ) CRISIL AAA(SO) 3.60 Allotment Date Corporate Debt/Financial Institutions Corporate Debt/Financial Institutions - Total 12.64 AXIS Bank Ltd. CRISIL A1+ 9.86 December 29,1998 Public Sector Undertakings Corporate Debt/Financial Institutions - Total 9.86 State Bank Of India. CRISIL AAA 12.31 Public Sector Undertakings Fund Manager State Bank of Travancore CRISIL AAA 9.31 Export-Import Bank of India. CRISIL A1+ 1.35 Power Finance Corporation Ltd. ICRA AAA 8.31 Mr. Deepak Agrawal* Public Sector Undertakings - Total 1.35 National Bank for Agriculture and Rural Developmen CRISIL Benchmark AAA 8.18 Collateral Borrowing & Lending obligation 0.53 Rural Electrification Corporation Ltd. CRISIL AAA 7.01 Net Current Assets/(Liabilities) 2.36 Crisil Liquid Fund Export-Import Bank of India. CRISIL AAA 6.09 Grand Total 100 AAUM (` In Crores) Punjab National Bank CRISIL AAA 4.06 AAUM as on June 30, 2016: ` 366.45 Average Maturity of the portfolio based on total maturity of fixed rate and immediate reset date of floating rate instruments 2.32 years. AUM (` In Crores) Kotak Banking And PSU Debt Fund NAV as on June 30, 2016: `34.3863 (Growth Option), `34.6266 (Direct Growth Option), AUM as on June 30, 2016: ` 367.08 `10.6761 (Monthly Dividend), `10.8837 (Direct Monthly Dividend), `10.0335 (Daily Dividend Reinvestment), `10.0817 (Direct Daily Dividend Reinvestment), `15.8603 (Annual Dividend), `16.7886 (Direct Annual) Available Plans/Options A) Regular Plan B) Direct Plan/Options: Dividend Payout, Dividend Reinvestment & Growth (applicable for all plans) Dividend Frequency Daily, Monthly (12th of every Month) & Annual Ratios $Standard Deviation: 0.60%, Modified Duration: 1.90 yrs, Portfolio Yield: 7.72% Source: $ICRAMFI Explorer. Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns. Minimum Investment Amount Initial Investment: Dividend Payout, Dividend Re-investment & Growth `5000 & above. Additional Investment: `1000 & in multiples of `1.

Ideal Investment Horizon: 1-3 months 2.36 0.53 11.21 0.53 2.36 Load Structure 5.28 16.61 26.02 Entry Load: Nil. (applicable for all plans) 26.95 Exit Load: Nil (applicable for all plans) Note - Units issued on reinvestment of 96.83 dividends shall not be subject to exit load 99.55 (applicable for all plans) 97.18

Total Expense Ratio** 69.29 Commercial Paper (CP)/Certificate of Deposits (CD) 97.11 Regular:0.50% Net Current Assets CBLO & Term Deposits & Rev.Repo CBLO & Term Deposits & Rev.Repo Direct: 0.10% Government Dated Securities Debentures and Bonds A1+, AAA, AAA(SO), IND AAA, SOV Net Current Assets **Total Expense Ratio excludes applicable B15 fee and service tax.

PRODUCT LABEL

Riskometer This product is suitable for investors who are seeking*: Moderate M tely od Income over a short to medium term investment horizon ra er e Highat od e Low ly Investment in debt & money market securities of PSUs, M Banks & government securities

High * Investors should consult their financial advisors if in doubt

Low about whether the product is suitable for them.

LOW HIGH Investors understand that their principal will be at moderately low risk

* For Fund Manager experience, please refer page 54-55. 23 For scheme performance, please refer page no 44-53. For last three dividends, please refer page no 56-58 DEBT SCHEMES INVESTMENT STYLE Maturity Short Medium Long Volatiliy KOTAK LOW DURATION FUND Low (Formerly known as PineBridge India Short Term Fund) Medium An Open - Ended Debt Scheme High (As on June 30, 2016)

Investment Objective PORTFOLIO The primary objective of the Scheme is to generate income through investment Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net primarily in low duration debt & money Assets Assets market securities. However, there is no Debt Instruments Intime Properties Ltd. FITCH IND AAA 1.08 assurance that the objective of the scheme Debentures and Bonds India Infoline Finance Limited CARE AA 1.07 will be realized. Grand View Estate Pvt Ltd ( backed by Corporate Debt/Financial Institutions unconditional and irrevocable Bharti enterprises (Holding) Pvt. Ltd. CRISIL A1+ 11.53 guarantee of Shapoorji Pallonji & Allotment Date Innovador Realtors Pvt Ltd ( backed by Co Pvt Ltd ) ICRA AA 0.92 unconditional and irrevocable March 6, 2008 Edelweiss Agri Value Chain Limited ( ) CARE AA(SO) 0.87 undertaking by Piramal ) ICRA A1+(SO) 10.53 ECL Finance Limited CARE AA 0.47 Fund Manager Shriram Transport Finance Co Ltd. FITCH IND AA+ 6.93 HPCL Mittal Energy Ltd. ( ) ICRA AA- 0.45 Karelides Traders Private Ltd. ( backed Mr. Deepak Agrawal * Muthoot Finance Ltd CRISIL AA- 0.23 by unconditional and irrevocable Aspire Home Finance Corporation Ltd ICRA AA- 0.14 Benchmark undertaking by a wholly owned Piramal Enterprises Limited ICRA AA 0.02 subsidiary of Piramal Enterprises Ltd ) ICRA AA- 4.61 CRISIL Liquid Fund Muthoot Fincorp Ltd. CRISIL A 4.61 Corporate Debt/Financial Institutions - Total 76.56 AAUM (` In Crores) Pune Solapur Expressways Pvt. Ltd. Public Sector Undertakings ( toll road project of Tata Realty & Rural Electrification Corporation Ltd. CRISIL AAA 0.70 AAUM as on June 30, 2016: ` 2,392.91 Infrastructure Ltd, 100 subsidiary National Bank for Agriculture and Rural Developmen CRISIL AAA 0.46 AUM (` In Crores) of Tata Sons ) ICRA A 4.05 Indiabulls Housing Finance Limited CARE AAA 3.45 Public Sector Undertakings - Total 1.16 AUM as on June 30, 2016: ` 2,167.94 Muthoot Finance Ltd ICRA AA- 3.02 Money Market Instruments Emami Realty Ltd ( Secured by Equity Commercial Paper(CP)/Certificate of Deposits(CD) Available Plans/Options shares of Emami Ltd ) BRICKWORK BWR AA-(SO) 2.57 Corporate Debt/Financial Institutions Shivprasad Realty Pvt Ltd ( backed by Suraksha Reality Ltd ( Secured by A) Regular B) Direct Plan / Options: Dividend Equity shares of Sun Pharmaceuticals Payout, Dividend Reinvestment & Growth unconditional and irrevocable undertaking by Axis Capital ) ICRA AAA 2.37 Industries Ltd ) CARE A1+(SO) 10.30 (dividend payout is available under monthly HDFC Ltd. ICRA A1+ 2.23 dividend only) (applicable for all plans) Janalakshami Financial Services Ltd. ICRA A+ 2.33 Tata Power Renewable Energy Ltd. CARE AA 2.31 Adani Transmission Ltd FITCH IND A1+ 2.18 Dividend Frequency Sterlite Industries (India) Ltd CRISIL AA- 2.24 Manappuram Finance Ltd CRISIL A1+ 2.12 AXIS Bank Ltd. CRISIL A1+ 0.66 Weekly (every Monday), Monthly (12th of Mandava Holdings Private Limited ( backed by unconditional and Piramal Enterprises Limited ICRA A1+ 0.28 every month)and Normal (as decided by Corporate Debt/Financial Institutions - Total 17.77 Trustees) irrevocable undertaking by Axis Capital ) ICRA AAA 1.76 Public Sector Undertakings Ratios Sahyadri Agencies Ltd ( Secured by Corporation Bank CRISIL A1+ 0.89

$ Equity shares of Jyothy Andhra Bank CARE A1+ 0.15 Standard Deviation: 0.44%, Laboratories Ltd ) BRICKWORK BWR A(SO) 1.66 Public Sector Undertakings - Total 1.04 Modified Duration: 0.60 yrs, Hero Realty Ltd ( Guaranteed by a Collateral Borrowing & Lending obligation 4.79 Hero Group company ) ICRA A+ 1.62 Net Current Assets/(Liabilities) -1.32 Portfolio Yield: 9.32% Indostar Capital Finance Private Limited CARE AA- 1.57 Grand Total 100 Source: $ICRAMFI Explorer. Standard HPCL Mittal Energy Ltd. ICRA AA- 1.53 Deviation is calculated on Annualised basis HDFC Ltd. CRISIL AAA 1.46 using 3 years history of monthly returns. Tata Capital Financial Services Limited CRISIL AA+ 1.16 Minimum Investment Amount Initial Investment: Plan A - `5000 Average Maturity of the portfolio based on total maturity of fixed rate and immediate reset date of floating rate instruments : and in multiple of `1 for purchase and for 0.70 years `0.01 for switches Kotak Low Duration Fund NAV as on June 30, 2016: `1911.7200 (Retail Plan-Growth Option), `1012.6726 (Retail plan Weekly Additional Investment: `1000 & in Dividend),`1014.1525 (Retail Plan-Monthly Dividend), `1860.2749 (Standard Plan-Growth Option), `1015.2041 (Standard Plan-Weekly multiples of `1 for purchase and for `0.01 Dividend), `1021.8193 (Standard Plan-Monthly Dividend), `1894.7198 (Direct Plan- Growth Option), `1161.5873 (Direct Plan- Weekly for switches. Dividend), `1037.1875 (Direct Plan- Monthly Dividend) Ideal Investment Horizon: 1-3 months Load Structure SECTOR ALLOCATION (%) RATING PROFILE

Entry Load: Nil. -1.32 4.79 -1.32 4.79 - Exit Load: Nil. 14.27 18.81 10.85 14.01 Any exit load charged (net off Service Tax, if 23.0221.29 any) shall be credited back to the Scheme; 15.62 53.01 32.53 Note - Units issued on reinvestment of 73.66 71.72 dividends shall not be subject to entry and 77.03 exit load. 52.15 30.11 Total Expense Ratio** 77.72 Regular: 1.00% Debentures and Bonds AA+, IND AA+, AA, AA(SO), AA-, BWR AA-(SO) Direct: 0.25% A1+, A1+(SO), AAA, IND A1+, IND AAA A+, A, BWR A(SO) **Total Expense Ratio excludes applicable B15 fee and service tax. PRODUCT LABEL

Riskometer This product is suitable for investors who are seeking*: ly Moderate Mo Regular income over short term ate de er Highra d te o l Income by focusing on low duration securities M Low y * Investors should consult their financial advisors if in doubt High about whether the product is suitable for them.

Low

LOW HIGH Investors understand that their principal will be at moderate risk

* For Fund Manager experience, please refer page 54-55. For scheme performance, please refer page no 44-53. For last three dividends, please refer page no 56-58 24 DEBT SCHEMES INVESTMENT STYLE Maturity Short Medium Long Volatiliy KOTAK BOND SHORT TERM Low An Open - Ended Debt Scheme Medium

(As on June 30, 2016) High

Investment Objective PORTFOLIO The investment objective of the Scheme is to provide reasonable returns and high level Issuer/Instrument Industry/ % to Net Issuer/Instrument Industry/ % to Net of liquidity by investing in debt instruments such as bonds, debentures and Rating Assets Rating Assets Government securities; and money market Debt Instruments Rural Electrification Corporation Ltd. CRISIL AAA 6.91 i n s t r u m e n t s s u c h a s t r e a s u r y bills,commercial papers, certificates of Debentures and Bonds National Bank for Agriculture and Rural deposit, including repos in permitted Developmen CRISIL AAA 4.85 Corporate Debt/Financial Institutions securities of different maturities, so as to State Bank Of India. CRISIL AAA 1.12 spread the risk across different kinds of ONGC Manglore Petrochemicals Ltd. FITCH IND AAA 9.47 Steel Authority of India Ltd. FITCH IND AA 0.31 issuers in the debt markets. The Scheme HDFC Ltd. CRISIL AAA 8.84 may invest in the call money/termmoney Public Sector Undertakings - Total 22.87 Reliance Jio Infocomm Limited CRISIL AAA 8.34 market in terms of RBI guidelines in this Government Dated Securities respect. To reduce the risk of the portfolio, Nabha Power Ltd. ( backed by the Scheme may also use various derivative 8.53% State Government SOV 4.75 unconditional and irrevocable guarantee and hedging products from time to time, in 7.61% Central Government SOV 3.95 by Larsen & Toubro Ltd ) ICRA AAA 6.60 the manner permitted by SEBI. Subject to 8.4% Central Government SOV 3.30 the maximum amount permitted from time Dewan Housing Finance to time, the Scheme may invest in offshore 8.45% State Government SOV 3.04 Corporation Ltd. CARE AAA 4.76 securities in the manner allowed by 8.55% State Government SOV 1.28 SEBI/RBI, provided such investments are in Kotak Mahindra Prime Ltd. CRISIL AAA 4.28 8.5% State Government SOV 0.97 conformity with the investment objective of Camden Industries Ltd. ( backed by the Scheme and the prevailing guidelines 1.44% Central Government SOV 0.30 unconditional and irrevocable and Regulations. However, there is no Government Dated Securities - Total 17.59 assurance that the objective of the scheme undertaking of Axis Capital ) CARE AAA(SO) 3.81 Money Market Instruments will be realized. HDB Financial Services Ltd. CRISIL AAA 3.72 Commercial Paper(CP)/Certificate of Deposits(CD) Allotment Date Mandava Holdings Private Limited Corporate Debt/Financial Institutions ( backed by unconditional and May 2, 2002 Mahindra & Mahindra Financial irrevocable undertaking by Services Ltd. CRISIL A1+ 0.16 Fund Manager Axis Capital ) ICRA AAA 3.16 Corporate Debt/Financial Institutions - Total 0.16 Mr. Deepak Agrawal* Mahindra & Mahindra Financial Collateral Borrowing & Lending obligation 0.88 Benchmark Services Ltd. FITCH IND AAA 1.61 LIC Housing Finance Ltd. CRISIL AAA 1.13 Net Current Assets/(Liabilities) -0.24 Crisil Short - Term Bond Fund Shriram Transport Finance Co Ltd. CRISIL AA+ 0.96 Grand Total 100 AAUM (` In Crores) Indiabulls Housing Finance Limited CARE AAA 0.79 AAUM as on June 30, 2016: ` 3,081.73 IOT Utkal Energy Services Ltd. CRISIL AAA(SO) 0.73 SP Jammu Udhampur Highway Ltd. AUM (` In Crores) ( backed by unconditional and AUM as on June 30, 2016: ` 3,165.23 irrevocable guarantee of Shapoorji Available Plans/Options Pallonji & Co Pvt Ltd ) ICRA AAA 0.35 East-North Interconnection Company A) Regular Plan Limited CRISIL AAA(SO) 0.16 B) Direct Plan/Options: Dividend Payout, Bajaj Finance Limited FITCH IND AAA 0.03 Dividend Reinvestment & Growth Corporate Debt/Financial Institutions - Total 58.74 (applicable for all plans) Public Sector Undertakings Dividend Frequency Power Finance Corporation Ltd. CRISIL AAA 9.68 Monthly (12th of every Month), Half Yearly (20th of Mar/Sept) and normal (as decided Average Maturity of the portfolio based on total maturity of fixed rate and immediate reset date of floating rate instruments : by Trustees) 3.08 years. Kotak Bond Short Term Fund NAV as on June 30, 2016: `28.7716 (Growth Option), `29.4298 (Direct Growth Option), Ratios `10.1413 (Dividend), `10.2511 (Direct Dividend), `10.5885 (Direct Half Yearly Dividend) $Standard Deviation: 1.03%, Modified Duration: 2.38yrs, Portfolio Yield: 8.31% Source: $ICRAMFI Explorer. Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns. Minimum Investment Amount SECTOR ALLOCATION (%) Initial Investment: (i) Dividend Re- 0.16 0.88 investment & Growth - `5000 & above (ii) 0.88 -0.24 1.27 -0.24 Dividend Payout (Monthly Dividend) - 17.59 13.08 13.5013.12 `50,000 & above 7.1 15.2714.38 Additional Investment: `1000 & in 17.32 multiples of `1 Ideal Investments Horizon: 6 months & 82.6171.67 above 90.5983.54 71.53 82.7396.0982.2 Load Structure

Entry Load: Nil. (applicable for all plans) 81.61 Exit Load: I) For redemptions/ switch outs Net Current Assets (including SIP/STP) within 30 days from the 98.09 CBLO & Term Deposits & Rev.Repo A1+, AA A, AAA(SO), IND AAA, SOV AA+, IND AA date of allotment of units, irrespective of CBLO & Term Deposits & Rev.Repo the amount of investment: 0.25% ii) For Debentures and Bonds Government Dated Securities redemptions / switch outs (including SIP/STP) after 30 days from the date of PRODUCT LABEL allotment of units, irrespective of the amount of investment: NIL iii) Any exit load Riskometer charged (net off Service Tax, if any) shall be This product is suitable for investors who are seeking*: credited back to the Scheme. (applicable for ly Moderate Mo Income over a medium term horizon ate de er Highra all plans) d te o l Investment in debt & money market securities Note - Units issued on reinvestment of M Low y dividends shall not be subject to exit load * Investors should consult their financial advisors if in doubt (applicable for all plans) High about whether the product is suitable for them.

Low Total Expense Ratio Regular: 1.35%; Direct: 0.25% LOW HIGH **Total Expense Ratio excludes applicable Investors understand that their principal will be at moderately low risk B15 fee and service tax. * For Fund Manager experience, please refer page 54-55. 25 For scheme performance, please refer page no 44-53. For last three dividends, please refer page no 56-58 23 DEBT SCHEMES INVESTMENT STYLE Maturity Short Medium Long Volatiliy KOTAK FLEXI DEBT Low An Open - Ended Debt Scheme Medium

(As on June 30, 2016) High

Investment Objective PORTFOLIO To maximize returns through an active management of a portfolio of debt and Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net money market securities. However, there is Assets Assets no assurance that the objective of the Debt Instruments Government Dated Securities scheme will be realized. Debentures and Bonds 7.61% Central Government SOV 40.34 Corporate Debt/Financial Institutions 8.53% State Government SOV 20.48 Allotment Date Shriram Transport Finance Co Ltd. CRISIL AA+ 8.95 8.21% State Government SOV 6.80 Regular Plan- December 6, 2004 Plan A - Reliance Jio Infocomm Limited CRISIL AAA 8.22 1.44% Central Government SOV 6.30 May 26, 2008 Mandava Holdings Private Limited 8.45% State Government SOV 5.80 Fund Manager ( backed by unconditional and 8.25% State Government SOV 0.41 Mr. Deepak Agrawal* irrevocable undertaking by Axis Government Dated Securities - Total 80.13 Benchmark Capital ) ICRA AAA 2.56 Collateral Borrowing & Lending obligation 17.07 CRISIL Composite Bond LIC Housing Finance Ltd. CRISIL AAA 1.59 Net Current Assets/(Liabilities) -22.50 AAUM (` In Crores) SP Jammu Udhampur Grand Total 100 Highway Ltd. ( backed by AAUM as on June 30, 2016: ` 382.85 unconditional and irrevocable AUM (` In Crores) guarantee of Shapoorji AUM as on June 30, 2016: ` 372.22 Pallonji & Co Pvt Ltd ) ICRA AAA 0.41 Corporate Debt/Financial Institutions - Total 21.73 Available Plans/Options Public Sector Undertakings A) Regular (discontinued for further subscriptions w.e.f. October 1, 2012) b) Power Finance Corporation Ltd. CRISIL AAA 3.03 Plan A (Previously known as Institutional Export-Import Bank of India. CRISIL AAA 0.42 Plan) c) Direct Plan / Options: Dividend Rural Electrification Payout, Dividend Reinvestment, Growth & Corporation Ltd. CRISIL AAA 0.12 Bonus (applicable for all plans) Public Sector Undertakings - Total 3.57 Dividend Frequency Daily Dividend Reinvestment, Weekly Average Maturity of the portfolio based on total maturity of fixed rate and immediate reset date of floating rate instruments : Dividend Reinvestment (Every Monday), 8.37 years Quarterly Dividend Payout and Kotak Flexi Debt Plan A Fund NAV as on June 30, 2016: `19.2963 (Growth Option), `19.7312 (Direct Growth Option), Reinvestment (20th of March, June, `10.5559 (Weekly Dividend), `13.1932 (Direct Weekly Dividend), `10.0475 (Daily Dividend), `10.0475 (Direct Daily Dividend), `11.6274 September and December of every year) (Quarterly Dividend), `10.6867 (Direct Quarterly Dividend) (applicable for all plans) Ratios $Standard Deviation: 2.28%, Modified Duration: 5.46 yrs, Portfolio Yield: 7.90% Source: $ICRAMFI Explorer. Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns. Minimum Investment Amount Initial Investment: Plan A - `5000 and in multiple of `1 for purchase and for `0.01 for switches Additional Investment: `1000 & in SECTOR ALLOCATION (%) RATING PROFILE multiples of `1 -22.5 -22.5 Ideal Investment Horizon: 6 months & 7.00 8.95 7.91 above 17.07 23.82 47.12 Load Structure 44.11 Entry Load: Nil. (applicable for all plans) 66.54 Exit Load: I) For redemptions/ switch outs (including SIP/STP) within 30 days from the date of allotment of units, irrespective of 25.3 80.13 17.07 96.48 the amount of investment: 1.00%, ii) For redemptions/ switch outs (including Net Current Assets CBLO & Term Deposits & Rev.Repo CBLO & Term Deposits & Rev.Repo SIP/STP) after 30 days from the date of Government Dated Securities Debentures and Bonds Net Current Assets AA+ AAA, SOV allotment of units, irrespective of the amount of investment: NIL, iii) Any exit load charged (net off Service Tax, if any) shall be credited back to the Scheme. (applicable for all plans) PRODUCT LABEL

Note - Units issued on reinvestment of Riskometer This product is suitable for investors who are seeking*: dividends shall not be subject to exit load ly Moderate Mo Income over a medium term investment horizon ate de (applicable for all plans) er Highra d te o l Investment in debt & money market securities M Low y Total Expense Ratio** * Investors should consult their financial advisors if in doubt Regular: 1.11% High about whether the product is suitable for them. Direct: 0.40% Low

**Total Expense Ratio excludes applicable LOW HIGH B15 fee and service tax. Investors understand that their principal will be at moderately low risk

* For Fund Manager experience, please refer page 54-55. For scheme performance, please refer page no 44-53. For last three dividends, please refer page no 56-58 26 DEBT SCHEMES INVESTMENT STYLE Maturity Short Medium Long Volatiliy KOTAK INCOME OPPORTUNITIES FUND Low An Open - Ended Debt Scheme Medium

(As on June 30, 2016) High

Investment Objective PORTFOLIO The investment objective of the scheme is to generate income by investing in debt /and Issuer/Instrument Industry/ % to Net Issuer/Instrument Industry/ % to Net money market securities across the yield Rating Assets Rating Assets curve and credit spectrum. The scheme Debt Instruments ( backed by unconditional and would also seek to maintain reasonable Debentures and Bonds irrevocable undertaking by Piramal ) ICRA LAA-(SO) 0.99 liquidity within the fund. However, there is Corporate Debt/Financial Institutions Indostar Capital Finance no assurance that the objective of the Reliance Jio Infocomm Limited CRISIL AAA 7.31 Private Limited CARE AA- 0.88 scheme will be realized. Tata Power Renewable Energy Ltd. CARE AA 6.77 Continental Drug Company P Ltd ( Secured by Equity shares of Zee Allotment Date DLF Emporio Ltd CRISIL AA 5.57 Janalakshami Financial Services Ltd. ICRA A+ 5.55 Entertainment Enterprises Ltd ) BRICKWORK BWR A+ 0.76 May 11, 2010 Sterlite Industries (India) Ltd CRISIL AA- 5.53 Grand View Estate Pvt Ltd ( backed Au Financiers (India) Limited FITCH IND A+ 5.44 by unconditional and irrevocable Fund Managers Piramal Enterprises Limited ICRA AA 4.87 guarantee of Shapoorji Pallonji & Co Pvt Ltd ) ICRA AA 0.33 Mr. Deepak Agrawal* Prestige Estates Projects Limited ICRA A+ 4.07 Bharti enterprises (Holding) Pvt. Ltd. CRISIL A1+ 4.06 Hero Realty Ltd ( Guaranteed by a Benchmark Karelides Traders Private Ltd. Hero Group company ) ICRA A+ 0.27 ( backed by unconditional and HDB Financial Services Ltd. CRISIL AAA 0.16 Crisil Short Term Bond Fund irrevocable undertaking by a wholly Tata Capital Housing Finance Ltd; CRISIL AA+ 0.09 HDFC Ltd. CRISIL AAA 0.06 AAUM (` In Crores) owned subsidiary of Piramal Enterprises Ltd ) ICRA AA- 4.05 LIC Housing Finance Ltd. CRISIL AAA 0.04 AAUM as on June 30, 2016: ` 1,786.14 HPCL Mittal Energy Ltd. ICRA AA- 7.70 Corporate Debt/Financial Institutions - Total 81.75 Edelweiss Agri Value Chain Limited Public Sector Undertakings AUM (` In Crores) (Unconditional and irrevocable Bank of India CRISIL A+ 2.16 AUM as on June 30, 2016: ` 1,849.61 guarantee from Edelweiss Financial Indian Overseas Bank CARE CARE BBB 1.79 Services Limited ) CARE AA(SO) 2.69 Bank of India BRICKWORK BWR AA- 0.51 Available Plans/Options SBK Properties Pvt Ltd. ( Guaranteed Public Sector Undertakings - Total 4.46 by a Kalyani Group company ) ICRA AA- 2.29 Money Market Instruments A) Regular Plan Equitas Micro Finance Ltd. CARE A 2.18 Commercial Paper(CP)/Certificate of Deposits(CD) B) Direct Plan/Options: Dividend Payout, Adani Power Ltd ( Secured by Equity Corporate Debt/Financial Institutions Dividend Reinvestment & Growth shares of Adani Ports and SEZ Ltd ) BRICKWORK BWR AA- 2.04 Suraksha Reality Ltd ( Secured by Dalmia Bharat Ltd ICRA AA- 1.80 Equity shares of Sun (applicable for all plans) SP Jammu Udhampur Highway Ltd. Pharmaceuticals Industries Ltd ) CARE A1+ 7.92 Dividend Frequency ( backed by unconditional and Manappuram Finance Ltd CRISIL A1+ 2.48 irrevocable guarantee of Shapoorji Corporate Debt/Financial Institutions - Total 10.40 Weekly (Every Monday), Monthly (12th of Pallonji & Co Pvt Ltd ) ICRA AAA 1.38 Collateral Borrowing & Lending obligation 1.23 every Month), Quarterly (20th of Mar, Jun, Reliance Utilities And Power Net Current Assets/(Liabilities) 2.16 Sep and Dec of every Year), Annual (12th of Private Limited CRISIL AAA 1.36 Grand Total 100 March). Shriram Transport Finance Co Ltd. FITCH IND AA+ 1.35 HPCL Mittal Pipelines Ltd. ICRA AA- 1.12 Ratios Peninsula Land Limited ICRA A 1.04 $Standard Deviation: 0.84%, Haldhar Developers Private Limited Modified Duration: 2.00yrs, Average Maturity of the portfolio based on total maturity of fixed rate and immediate reset date of floating rate instruments : Portfolio Yield: 10.09% 2.52 years. Source: $ICRAMFI Explorer. Standard ` ` Deviation is calculated on Annualised basis Kotak Income Opportunities Fund NAV as on June 30, 2016: 16.6411 (Growth Option), 17.1770 (Direct Growth Option), ` ` ` ` using 3 years history of monthly returns. 10.0145 (Weekly Dividend), 10.1815 (Direct Weekly Dividend), 10.2083 (Monthly Dividend), 10.3467 (Direct Monthly Dividend), `10.6542 (Quarterly Dividend), `10.4786 (Annual Dividend), `12.9017 (Direct Annual). Minimum Investment Amount Initial Investment: `5000 and in multiple of `1 for purchase and for `0.01 for switches Additional Investment: `1000 & in multiples of `1 Ideal Investments Horizon: 1 year & above SECTOR ALLOCATION (%) 2.16 1.23 2.16 1.79 Load Structure 10.4 1.23 21.47 48.58 Entry Load: Nil. (applicable for all plans) 14.06

Exit Load: I) For redemption / switch out of 51.18 upto 10% of the initial investment amount (limit) purchased or switched in within 1 30.63 year from the date of allotment: Nil. II) If units redeemed or switched out are in excess of the limit within 1 year from the date of allotment: 1%. 24.77 Net Current Assets 86.21 AA+, IND AA+, AA, AA(SO), AA-, BWR AA-, LAA-(SO) iii) If units are redeemed or switched out on Debentures and Bonds CBLO & Term Deposits & Rev.Repo or after 1 year from the date of allotment: A+, BWR A+, IND A+, A CBLO & Term Deposits & Rev.Repo Nil. Commercial Paper (CP)/Certificate of Deposits (CD) A1+, AAA CARE BBB Net Current Assets iv) Any exit load charged (net off Service Tax, if any) shall be credited back to the respective Scheme. Units issued on reinvestment of dividends shall not be PRODUCT LABEL subject to entry and exit load. Riskometer This product is suitable for investors who are seeking*: Total Expense Ratio** ly Moderate Mo Income over a medium term investment horizon ate de er Highra d te Regular: 1.60% o l Investment in debt & money market securities M Low y Direct:0.60% * Investors should consult their financial advisors if in doubt **Total Expense Ratio excludes applicable High about whether the product is suitable for them. B15 fee and service tax. Low LOW HIGH Investors understand that their principal will be at moderately low risk

* For Fund Manager experience, please refer page 54-55. 27 For scheme performance, please refer page no 44-53. For last three dividends, please refer page no 56-58 DEBT SCHEMES INVESTMENT STYLE Maturity Short Medium Long Volatiliy KOTAK CORPORATE BOND FUND Low (Formerly known as PineBridge India Total Return Bond Fund) Medium An Open - Ended Debt Scheme High (As on June 30, 2016)

Investment Objective PORTFOLIO The primary objective of the Scheme is to generate income through investment Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net primarily in low duration debt & money Assets Assets market securities. However, there is no Debt Instruments Services Ltd. ICRA AAA 0.78 assurance that the objective of the scheme Corporate Debt/Financial Institutions - Total 58.45 will be realized. Debentures and Bonds Public Sector Undertakings Corporate Debt/Financial Institutions Power Finance Corporation Ltd. CRISIL AAA 9.07 Allotment Date Bajaj Finance Limited FITCH IND AAA 7.01 Small Industries Development ONGC Manglore Petrochemicals Ltd. FITCH IND AAA 7.01 Bank Of India. CARE AAA 7.77 September 21, 2007 HDFC Ltd. CRISIL AAA 6.61 Rural Electrification Corporation Ltd. CRISIL AAA 4.71 Fund Manager Powergrid Vizag Transminssion Ltd. Export-Import Bank of India. CRISIL AAA 1.37 ( backed by unconditional and Airports Authority of India CRISIL AAA 0.78 Mr. Deepak Agrawal* irrevocable guarantee by National Bank for Agriculture and Benchmark Powergrid Corp ) CRISIL AAA(SO) 5.52 Rural Developmen CRISIL AAA 0.76 SP Jammu Udhampur Highway Ltd. Steel Authority of India Ltd. FITCH IND AA 0.62 CRISIL Composite Bond Fund ( backed by unconditional and Public Sector Undertakings - Total 25.08 AAUM (` In Crores) irrevocable guarantee of Shapoorji Money Market Instruments Pallonji & Co Pvt Ltd ) ICRA AAA 5.47 Commercial Paper(CP)/Certificate of Deposits(CD) AAUM as on June 30, 2016: ` 121.73 Reliance Ports And Terminals Limited CRISIL AAA 5.37 Corporate Debt/Financial Institutions AUM (` In Crores) Nabha Power Ltd. ( backed by AXIS Bank Ltd. CRISIL A1+ 6.19 unconditional and irrevocable Corporate Debt/Financial Institutions - Total 6.19 AUM as on June 30, 2016: ` 129.10 guarantee by Larsen & Toubro Ltd ) ICRA AAA(SO) 4.72 Collateral Borrowing & Lending obligation 6.18 IOT Utkal Energy Services Ltd. CRISIL AAA(SO) 4.39 Net Current Assets/(Liabilities) 4.10 Available Plans/Options Reliance Jio Infocomm Limited CRISIL AAA 3.90 Grand Total 100 Plans: a) Regular & b) Direct Plan Nabha Power Ltd. ( backed by unconditional and irrevocable Options: Dividend Payout, Dividend guarantee by Larsen & Toubro Ltd ) ICRA AAA 3.89 Reinvestment and Growth (applicable for all Shriram Transport Finance Co Ltd. CRISIL AA+ 1.58 plans) Ultratech Cement Ltd. CRISIL AAA 1.42 Dividend Frequency Inox Air Products Ltd. CRISIL AA 0.78 Mahindra & Mahindra Financial Monthly (12th of every Month), Quarterly (20th of Mar, Jun, Sep and Dec of every Average Maturity of the portfolio based on total maturity of fixed rate and immediate reset date of floating rate instruments : Year) 2.26 years Ratios Kotak Corporate Bond Fund NAV as on June 30, 2016: `1996.5813 (Standard Plan-Growth Option), `1161.1024 (Standard Plan-Weekly $ Standard Deviation: 1.16%, Dividend),`1041.3842 (Standard Plan-Monthly Dividend), `1048.4108 (Standard Plan-Quarterly Dividend), `1044.9719 (Standard Plan-Daily Modified Duration: 1.85 yrs, Dividend), `1963.9957 (Retail Plan-Growth Option), `1044.5487 (Retail Plan- Weekly Dividend), `1032.4087 (Retail Plan- Monthly Dividend), `1044.8620 (Retail Plan-Daily Dividend), `2027.7842 (Direct Plan- Growth Option), `1088.2877 (Direct Plan- Monthly Dividend), `2017.6235 Portfolio Yield: 7.96% (Institutional Plan-Growth Option) Source: $ICRAMFI Explorer. Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns. Minimum Investment Amount Initial Investment: `5000 and in multiple of `1 for purchase and for `0.01 for switches Additional Investment: `1000 & in multiples of `1for purchase and for `0.01 for switches. Ideal Investment Horizon: 1 Year & Above 6.18 4.1 4.1 7.062.98 8.08 Load Structure 6.19 6.18 14.68 18.15 11.7118.1514.68 Entry Load: Nil. (applicable for all plans) 47.37 Exit Load: 1) For redemptions / switch outs 73.1551.12 (including SIP/STP) within 3 months from 28.8333.23 the date of allotment of units, irrespective 79.9580.6 of the amount of investment 2.00%; 2)

For redemptions / switch outs (including SIP/STP) after 3 months from the date of 83.53 86.74 allotment of units, irrespective of the Debentures and Bonds amount of investment Nil Commercial Paper (CP)/Certificate of Deposits (CD) A1+, AAA, AAA(SO), IND AAA AA+, AA, IND AA Net Current Assets CBLO & Term Deposits & Rev.Repo CBLO & Term Deposits & Rev.Repo Net Current Assets Total Expense Ratio** Regular: 0.50% Direct: 0.30% PRODUCT LABEL **Total Expense Ratio excludes applicable B15 fee and service tax. Riskometer This product is suitable for investors who are seeking*: Moderate M tely od Regular income over short term ra er e Highat od e Low ly Income by investing in fixed income securities of varying M maturities & credit

High * Investors should consult their financial advisors if in doubt

Low about whether the product is suitable for them.

LOW HIGH Investors understand that their principal will be at moderately low risk

* For Fund Manager experience, please refer page 54-55. For scheme performance, please refer page no 44-53. For last three dividends, please refer page no 56-58 28 DEBT SCHEMES INVESTMENT STYLE Maturity Short Medium Long Volatiliy KOTAK MEDIUM TERM FUND Low An Open - Ended Debt Scheme Medium

(As on June 30, 2016) High

Investment Objective PORTFOLIO The investment objective of the scheme is to generate regular income and capital Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net appreciation by investing in a portfolio of Assets Assets medium term debt and money market Debt Instruments SEZ Ltd ) BRICKWORK BWR AA- 1.25 instruments. However, there is no Debentures and Bonds Kotak Mahindra Prime Ltd. CRISIL AAA 1 assurance that the objective of the scheme Corporate Debt/Financial Institutions ONGC Manglore will be realized. Reliance Jio Infocomm Limited CRISIL AAA 10.08 Petrochemicals Ltd. FITCH IND AAA 0.99 HPCL Mittal Energy Ltd. ICRA AA- 7.65 Haldhar Developers Private Limited Indiabulls Housing Finance Limited CARE AAA 5.96 ( backed by unconditional and Allotment Date Piramal Enterprises Limited ICRA AA 5.57 irrevocable undertaking Prestige Estates Projects Limited ICRA A+ 4.99 by Piramal ) ICRA LAA-(SO) 0.94 March 21, 2014 ECL Finance Limited CARE AA 3.68 HPCL Mittal Energy Ltd. ICRA AA- 0.92 Fund Manager Tata Power Renewable Energy Ltd. CARE AA 3.66 Reliance Ports And Terminals Reliance Utilities And Power Limited CRISIL AAA 0.85 Mr. Deepak Agrawal* Private Limited CRISIL AAA 3.33 Muthoot Finance Ltd ICRA AA- 0.74 Ashirvad Microfinance Private SP Jammu Udhampur Highway Ltd. Benchmark Limited ( 85 subsidiary of ( backed by unconditional and Manappuram Finance Ltd ) CARE A- 3.32 irrevocable guarantee of Shapoorji CRISIL Composite Bond Fund Edelweiss Agri Value Chain Limited Pallonji & Co Pvt Ltd ) ICRA AAA 0.62 AAUM (` In Crores) ( Unconditional and irrevocable IOT Utkal Energy Services Ltd. CRISIL AAA(SO) 0.59 guarantee from Edelweiss Financial IOT Utkal Energy Services Ltd. CRISIL AAA 0.02 AAUM as on June 30, 2016: ` 1,476.13 Services Limited ) CARE AA(SO) 3.24 Corporate Debt/Financial Institutions - Total 86.02 SBK Properties Pvt Ltd. Public Sector Undertakings AUM (` In Crores) ( Guaranteed by a Kalyani Bank of India CRISIL A+ 3.32 Group company ) ICRA AA- 3.21 Power Finance Corporation Ltd. CRISIL AAA 1.82 AUM as on June 30, 2016: ` 1,507.39 Janalakshami Financial Bank of India BRICKWORK BWR AA- 1.42 Services Ltd. ICRA A+ 2.70 State Bank of Travancore CRISIL AAA 0.73 Available Plans/Options Intime Properties Ltd. FITCH IND AAA 2.55 Rural Electrification Equitas Micro Finance Ltd. CARE A 2.34 Corporation Ltd. CRISIL AAA 0.36 A) Regular Plan Peninsula Land Limited ICRA A 2.24 Public Sector Undertakings - Total 7.65 Tata Power Company Ltd. CRISIL AA- 2.24 Government Dated Securities B) Direct Plan/Options: Dividend Payout, Dalmia Bharat Ltd ICRA AA- 2.21 1.44 Central Government SOV 0.93 Dividend Reinvestment & Growth Au Financiers (India) Limited FITCH IND A+ 1.71 Government Dated Securities - Total 0.93 (applicable for all plans) Manappuram Finance Ltd CRISIL A+ 1.69 Money Market Instruments East-North Interconnection Commercial Paper(CP)/Certificate of Deposits(CD) Dividend Frequency Company Limited CRISIL AAA(SO) 1.65 Corporate Debt/Financial Institutions Quarterly (20th of Mar, Jun, Sep and Dec Grand View Estate Pvt Ltd Suraksha Reality Ltd ( Secured by ( backed by unconditional and Equity shares of Sun Pharmaceuticals of every Year), Annually (12th of March) irrevocable guarantee of Shapoorji Industries Ltd ) CARE A1+(SO) 1.65 Ratios Pallonji & Co Pvt Ltd ) ICRA AA 1.46 Corporate Debt/Financial Institutions - Total 1.65 Shriram Transport Finance Co Ltd. FITCH IND AA+ 1.33 Collateral Borrowing & Lending obligation 1.52 $Standard Deviation: 1.18%, Sterlite Industries (India) Ltd CRISIL AA- 1.29 Net Current Assets/(Liabilities) 2.23 Adani Power Ltd ( Secured by Grand Total 100 Modified Duration: 2.49 yrs, Equity shares of Adani Ports and Portfolio Yield: 10.01% Source: $ICRAMFI Explorer. Standard Average Maturity of the portfolio based on total maturity of fixed rate and immediate reset date of floating rate instruments : Deviation is calculated on Annualised basis 3.25 years using 3 years history of monthly returns. Kotak Medium Term Fund NAV as on June 30, 2016: `12.5176 (Growth Option), `12.7997 (Direct Growth Option), Minimum Investment Amount `10.3730 (Quarterly Dividend), `10.3913 (Direct Quarterly Dividend), `10.5336 (Annual Dividend), `12.8305 (Direct Annual). Initial Purchase: `5,000/- and in multiples of 1 for purchases and for `0.01 for switches. Additional Purchase: `1000 & in multiples of `1.for purchases and for `0.01 for switches. Ideal Investment Horizon: 2.5 years & above RATING PROFILE Load Structure 1.65 1.52 2.23 2.23 0.93 1.52

Entry Load: Nil. (applicable for all plans) 22.31 24 40.81 23.24 35.7936.52 Exit Load: i) For redemption / switch out of upto 15% of the initial investment amount (limit) purchased or switched in 92.87 within 18 months from the date of 35.4534.51 allotment: Nil.

ii) If units redeemed or switched out are in 33.13 excess of the limit within 18 months from 93.67 the date of allotment: 2%. Commercial Paper (CP)/Certificate of Deposits (CD) IND AA+, AA, AA(SO), AA-, BWR AA-, LAA-(SO) CBLO & Term Deposits & Rev.Repo Net Current Assets A1+(SO), AAA, AAA(SO), IND AAA, SOV A+, IND A+, A, A- iii) If units are redeemed or switched out on Debentures and Bonds Government Dated Securities Net Current Assets CBLO & Term Deposits & Rev.Repo or after 18 months from the date of allotment: Nil. iv) Any exit load charged (net off Service Tax, if any) shall be credited back to the PRODUCT LABEL respective Scheme. Units issued on reinvestment of dividends shall not be Riskometer This product is suitable for investors who are seeking*: subject to entry and exit load. Moderate M tely od Income over a medium term investment horizon ra er e Highat od e Total Expense Ratio** Low ly Investment in debt, government securities & money M market instruments with a portfolio weighted average Regular: 1.70% High maturity between 3-7 years Direct: 0.60% Low * Investors should consult their financial advisors if in doubt **Total Expense Ratio excludes applicable about whether the product is suitable for them. B15 fee and service tax. LOW HIGH Investors understand that their principal will be at moderate risk

* For Fund Manager experience, please refer page 54-55. 29 For scheme performance, please refer page no 44-53. For last three dividends, please refer page no 56-58 DEBT SCHEMES INVESTMENT STYLE Maturity Short Medium Long Volatiliy KOTAK BOND Low An Open - Ended Debt Scheme Medium

(As on June 30, 2016) High

Investment Objective PORTFOLIO To create a portfolio of debt and money market instruments of different maturities Issuer/Instrument Industry/ % to Net Issuer/Instrument Industry/ % to Net so as to spread the risk across a wide Rating Assets Rating Assets maturity horizon & different kinds of issuers Debt Instruments Reverse Repo 0.57 in the debt market. However, there is no assurance that the objective of the scheme Debentures and Bonds Net Current Assets/(Liabilities) 0.92 will be realized. Corporate Debt/Financial Institutions Grand Total 100 Shriram Transport Finance Co Ltd. CRISIL AA+ 1.85 Allotment Date HPCL Mittal Energy Ltd. ICRA AA- 1.60 November 25, 1999 East-North Interconnection Fund Manager Company Limited CRISIL AAA(SO) 0.81 Kotak Mahindra Prime Ltd. CRISIL AAA 0.73 Mr. Abhishek Bisen* Indiabulls Housing Finance Limited CARE AAA 0.24 Benchmark HDFC Ltd. CRISIL AAA 0.13 LIC Housing Finance Ltd. CRISIL AAA 0.03 Crisil Composite Bond Fund Corporate Debt/Financial Institutions - Total 5.39 AAUM (` In Crores) Public Sector Undertakings AAUM as on June 30, 2016: ` 4,145.75 Canara Bank CRISIL AAA 6.12 Bank of India BRICKWORK BWR AA- 1.34 AUM (` In Crores) Bank of India CRISIL A+ 0.98 AUM as on June 30, 2016: ` 4,082.31 National Thermal Power Available Plans/Options Corporation Ltd. CRISIL AAA 0.61 Rural Electrification Corporation Ltd. CRISIL AAA 0.31 A) Deposit (discontinued for further Power Finance Corporation Ltd. ICRA AAA 0.12 subscriptions w.e.f. October 1, 2012) Power Finance Corporation Ltd. CRISIL AAA 0.05 B) Plan A (Previously known as Regular Plan) Public Sector Undertakings - Total 9.53 C) Direct Plan / Options: Dividend Payout, Government Dated Securities Dividend Reinvestment & Growth 7.59% Central Government SOV 34.63 (applicable for all plans) 7.73% Central Government SOV 26.17 7.61% Central Government SOV 7.11 Dividend Frequency 8.27% State Government SOV 3.00 Quarterly (20th of Mar/Jun/Sep/Dec), Half 7.86% State Government SOV 2.85 Yearly (20th of Mar/Sept), Annual (12th of 8.33% State Government SOV 1.51 Mar) (applicable for all plans) 8.01% State Government SOV 1.50 Ratios 8.15% State Government SOV 1.50

$ 8.19% State Government SOV 1.50 Standard Deviation: 3.97% 8.29% State Government SOV 1.50 Modified Duration: 7.37yrs 7.75% State Government SOV 1.01 Portfolio Yield: 8.05% 8.62% State Government SOV 0.73 8.72% State Government SOV 0.52 Source: $ICRAMFI Explorer. Standard Deviation is calculated on Annualised basis 8.65% State Government SOV 0.06 using 3 years history of monthly returns. Government Dated Securities - Total 83.59 Minimum Investment Amount Average Maturity of the portfolio based on total maturity of fixed rate and immediate reset date of floating rate instruments : Initial Investment: Plan A `5000 and in 12.39 years. multiple of `1 for purchase and for `0.01 Kotak Bond Plan A Fund NAV as on June 30, 2016: `43.1884 (Growth Option), `44.2804 (Direct Growth Option), for switches `11.1432 (Quarterly Dividend), `11.9838 (Direct Quarterly Dividend), `26.4603 (Annual Dividend), `22.3211 (Direct Annual Dividend), Additional Investment: `1000 & in `28.7892 (Plan A-Bonus Plan), `12.8102 (Kotak-Bond Deposit Deposit Dividend) multiples of `1 Ideal Investments Horizon: 1 year & SECTOR ALLOCATION (%) above 0.92 0.57 0.98 0.92 Load Structure 14.92 4.79 0.57 24 Entry Load: Nil. (applicable for all plans) 23.24 35.7936.52 Exit Load: Nil.

Note - Units issued on reinvestment of 92.87 dividends shall not be subject to exit load 35.4534.51 (applicable for all plans)

Total Expense Ratio** 83.59 92.74 Regular: 1.77% CBLO & Term Deposits & Rev.Repo Net Current Assets AAA, AAA(SO), SOV A+ Direct: 0.97% AA+, AA-, BWR AA- Debentures and Bonds Government Dated Securities Net Current Assets CBLO & Term Deposits & Rev.Repo **Total Expense Ratio excludes applicable B15 fee and service tax. PRODUCT LABEL

Riskometer This product is suitable for investors who are seeking*: ly Moderate Mo Income over long term investment horizon ate de er Highra d te o l Investment in debt & money market securities M Low y * Investors should consult their financial advisors if in doubt High about whether the product is suitable for them.

Low

LOW HIGH Investors understand that their principal will be at moderate risk

* For Fund Manager experience, please refer page 54-55. For scheme performance, please refer page no 44-53. For last three dividends, please refer page no 56-58 30 DEBT SCHEMES INVESTMENT STYLE Maturity Short Medium Long Volatiliy KOTAK GILT INVESTMENT Low An Open - Ended Dedicated Gilt Unit Scheme Medium

(As on June 30, 2016) High

Investment Objective PORTFOLIO To generate risk-free returns through investments in sovereign securities issued Issuer/Instrument Industry/ % to Net Issuer/Instrument Industry/ % to Net by the Central and /or State Government(s) Rating Assets Rating Assets and/ or reverse repos in such securities. Government Dated Securities 8.19% State Government SOV 1.71 However, there is no assurance that the objective of the scheme will be realized. 7.59% Central Government SOV 41.93 7.75% State Government SOV 1.14 7.73% Central Government SOV 28.48 8.43% State Government SOV 0.12 Allotment Date 7.61% Central Government SOV 12.55 Government Dated Securities - Total 97.98 Regular Plan - December 29, 1998; 8.27% State Government SOV 3.44 Treasury Bills PF & Trust Plan - November 11, 2003 8.33% State Government SOV 1.73 364 Days Treasury Bill 04/08/2016 SOV 0.01 Fund Manager 7.86% State Government SOV 1.72 Treasury Bills - Total 0.01 Mr. Abhishek Bisen* 8.01% State Government SOV 1.72 Collateral Borrowing & Lending obligation 0.60 Benchmark 8.15% State Government SOV 1.72 Net Current Assets/(Liabilities) 1.41 8.29% State Government SOV 1.72 ISEC Composite Grand Total 100 AAUM (` In Crores) Average Maturity of the portfolio based on total maturity of fixed rate and immediate reset date of floating rate instruments : AAUM as on June 30, 2016: ` 868.20 13.26 years. AUM (` In Crores) Kotak Gilt Investment Fund NAV as on June 30, 2016: `52.0655 (Regular-Growth), `53.8799 (Regular-Growth-Direct), AUM as on June 30, 2016: ` 877.01 `12.5954 (Regular-Dividend), `12.9784 (Regular-Dividend-Direct), `53.2672 (PF & Trust-Growth), `55.1708 (PF & Trust-Growth Direct), `11.9450 (PF & Trust-Dividend) Available Plans/Options Plans- A) Regular Non Direct Plan, B) PF & Trust Non Direct Plan, C) Regular Direct Plan, D) PF & Trust Direct Plan/ Options: Dividend Payout, Dividend Reinvestment & Growth (applicable for all plans) Dividend Frequency Quarterly (20th of Mar/Jun/Sep/Dec) Ratios $Standard Deviation: A) Regular Plan: 4.15%, B) PF & Trust Plan: 4.14%, Modified Duration:7.83yrs, Portfolio Yield: 7.83% Source: $ICRAMFI Explorer. Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns. Minimum Investment Amount Initial Investment: `5000 and in multiple of `1 for purchase and for `0.01 for switches Additional Investment: `1000 & in multiples of `1 SECTOR ALLOCATION (%) Ideal Investments Horizon: 1 year & 1.41 0.6 0.01 above 1.41 0.6

Load Structure 6.27 6.27 12.84 12.84 Entry Load: (a) Regular Plan - Entry: Nil. (b) PF & Trust Plan - Entry: Nil. (applicable for all plans) 80.89 80.89 Exit Load: (a) Regular Plan - Exit: Nil. (b) 92.57 PF&Trust Plan - Exit: Nil. (applicable for all plans)

Note - Units issued on reinvestment of 97.98 97.99 Treasury Bills SOV dividends shall not be subject to exit load (applicable for all plans) CBLO & Term Deposits & Rev.Repo Net Current Assets CBLO & Term Deposits & Rev.Repo Total Expense Ratio** Regular: 1.40% Direct: 0.40% PRODUCT LABEL

**Total Expense Ratio excludes applicable Riskometer This product is suitable for investors who are seeking*: B15 fee and service tax. Moderate M tely od Income over a long investment horizon ra er e Highat od e Low ly Investments in sovereign securities issued by the Central M and/or State Government(s) and / or reverse repos in

High such securities.

Low * Investors should consult their financial advisors if in doubt about whether the product is suitable for them. LOW HIGH Investors understand that their principal will be at moderate risk

* For Fund Manager experience, please refer page 54-55. 31 For scheme performance, please refer page no 44-53. For last three dividends, please refer page no 56-58 23 DEBT SCHEMES INVESTMENT STYLE Style Maturity KOTAK MONTHLY INCOME Value Blend Growth Size Short Medium Long Volatility PLAN Large Low An Open Ended Income Scheme. Monthly Income is not assured Mid Medium & is subject to availability of distributable surplus Small High (As on June 30, 2016)

Investment Objective PORTFOLIO To enhance returns over a portfolio of Debt Instruments with a moderate exposure in Issuer/Instrument Industry/ % to Net Issuer/Instrument Industry/ % to Net Equity and Equity related Instruments. Rating Assets Rating Assets However, there is no assurance that the Equity & Equity related (Listed/Awaiting listing on Stock Systems Limited Ferrous Metals 0.15 objective of the scheme will be realized. Exchange) HDFC Ltd. Warrants Finance 0.08 Allotment Date ITC Ltd. Consumer Non Durables 2.05 Listed/Awaiting Listing on Stock Exchange - Total 19.01 Futures December 02, 2003 Tata Motors Ltd. Auto 1.39 Larsen And Toubro Ltd. Construction Project 1.19 Steel Authority of India Ltd.-JUL2016 0.42 Fund Managers ICICI Bank Ltd. Banks 1.14 Futures (Market value represents Notional Value) - Total 0.42 Debt Instruments Mr. Devender Singhal & Whirlpool of India Ltd. Consumer Durables 0.85 HDFC Bank Ltd. Banks 0.84 Debentures and Bonds Mr. Abhishek Bisen* Infosys Ltd. Software 0.84 Public Sector Undertakings Benchmark Maruti Suzuki India Limited Auto 0.56 Bank of India CRISIL A+ 7.94 Tata Communications Ltd Telecom - Services 0.53 Rural Electrification CRISIL MIP Blended Finolex Cables Ltd. Industrial Products 0.52 Corporation Ltd. CRISIL AAA 0.08 AAUM (` In Crores) Equitas Holdings Ltd Finance 0.49 Public Sector Undertakings - Total 8.02 Hindustan Petroleum Government Dated Securities AAUM as on June 30, 2016: `125.60 Corporation Ltd Petroleum Products 0.47 7.59% Central Government SOV 27.73 AUM (` In Crores) Motherson Sumi Systems Ltd. Auto Ancillaries 0.46 8.72% State Government SOV 10.04 India Cements Ltd. Cement 0.45 8.27% State Government SOV 7.98 AUM as on June 30, 2016: ` 126.10 Alkem Laboratories Ltd Pharmaceuticals 0.44 8.33% State Government SOV 4 Available Plans/Options Britannia Industries Ltd. Consumer Non Durables 0.44 8.29% State Government SOV 3.99 Manpasand Beverages Ltd. Consumer Non Durables 0.44 8.19% State Government SOV 3.98 A) Regular Plan DLF Limited Construction 0.41 Government Dated Securities - Total 57.72 B) Direct Plan/Options: Dividend Payout, Engineers India Ltd. Construction Project 0.40 TERM DEPOSITS Dividend Reinvestment & Growth State Bank Of India Banks 0.40 Kotak Mahindra Bank Ltd. 0.48 (applicable for all plans) Yes Bank Ltd Banks 0.40 Term Deposits - Total 0.48 Century Textiles & Industries Ltd. Cement 0.39 Collateral Borrowing & Lending obligation 12.93 Dividend Frequency Axis Bank Ltd Banks 0.38 Net Current Assets/(Liabilities) 1.42 Monthly (12th of every Month) Quarterly Dalmia Bharat Ltd Cement 0.38 Grand Total 100 (20th of Mar/Jun/Sep/Dec) Godfrey Phillips India Ltd. Consumer Non Durables 0.38 Marksans Pharma Ltd Pharmaceuticals 0.38 Ratios Tata Motors Ltd - DVR Auto 0.34 $Standard Deviation: 5.76% Coromandel International Ltd. Fertilisers 0.31 IndusInd Bank Ltd. Banks 0.26 Modified Duration:4.25yrs Techno Electric & Engineering Portfolio Yield: 8.11% Co Ltd. Construction Project 0.26

$ The Ramco Cements Ltd Cement 0.24 Source: ICRAMFI Explorer. Standard Bharat Petroleum Corporation Ltd. Petroleum Products 0.23 Deviation is calculated on Annualised basis Hero MotoCorp Ltd. Auto 0.21 using 3 years history of monthly returns. Federal Bank Ltd. Banks 0.16 Minimum Investment Amount Mahanagar Gas Ltd Gas 0.15 Pennar Engineered Building Initial Investment: (i) Dividend Re- investment & Growth and Dividend Payout (Quarterly) - `5000 & above (ii) Dividend Average Maturity of the portfolio based on total maturity of fixed rate and immediate reset date of floating rate instruments Payout (Monthly) - `50,000 & above 6.56 years. Additional Investment: `1000 & in Kotak Monthly Income Plan Fund NAV as on June 30, 2016: `25.4224 (Growth Option), `26.1846 (Direct Growth Option), multiples of `1 `12.4230 (Monthly Dividend), `12.6458 (Direct Monthly Dividend), `13.4105 (Quarterly Dividend), `13.7679 (Direct Quarterly Dividend) Ideal Investments Horizon - 1 year & above Load Structure Nil. (applicable for all plans) Entry Load: SECTOR ALLOCATION (%) RATING PROFILE Exit Load: 8.02 1.42 0.42 1.42 i) For redemption / switch out of upto 10% 7.94 0.42 of the initial investment amount (limit) 13.41 9.55 9.55 13.41 purchased or switched in within 1 year from 17.93 17.93 the date of allotment: Nil. 50.87 50.95

ii) If units redeemed or switched out are in 19.86 19.86 excess of the limit within 1 year from the date of allotment: 1%. 57.72 iii) If units are redeemed or switched out on 19.01 19.01 57.8 or after 1 year from the date of allotment: Nil. CBLO & Term Deposits & Rev.Repo Net Current Assets Derivatives A+ iv) Any exit load charged (net off Service Derivatives CBLO & Term Deposits & Rev.Repo AAA, SOV Tax, if any) shall be credited back to the respective Scheme. Units issued on reinvestment of dividends shall not be subject to entry and exit load. PRODUCT LABEL Total Expense Ratio** Riskometer This product is suitable for investors who are seeking*: Regular: 2.40% Moderate M tely od Income & capital growth over a long term horizon ra er e Highat Direct: 1.12% od e Low ly Investment in a portfolio of debt instruments with a **Total Expense Ratio excludes applicable M moderate exposure in equity & equity related

B15 fee and service tax. High Instruments.

Low * Investors should consult their financial advisors if in doubt about whether the product is suitable for them. LOW HIGH Investors understand that their principal will be at moderate risk

* For Fund Manager experience, please refer page 54-55. For scheme performance, please refer page no 44-53. For last three dividends, please refer page no 56-58 32 DEBT SCHEMES INVESTMENT STYLE Style Maturity KOTAK MULTI ASSET Value Blend Growth Size Short Medium Long Volatility Large Low

ALLOCATION FUND Mid Medium An Open - Ended Debt Scheme (As on June 30, 2016) Small High

Investment Objective PORTFOLIO The investment objective of the scheme is to generate income by investing Issuer/Instrument Industry/ % to Net Issuer/Instrument Industry/ % to Net predominantly in debt and money market Rating Assets Rating Assets securities, to generate growth by taking Equity & Equity related (Listed/Awaiting listing on Stock HDFC Ltd. Finance 0.10 moderate exposure to equity and equity Exchange) Sun Pharmaceuticals related instruments and provide HDFC Bank Ltd. Banks 1.20 Industries Ltd. Pharmaceuticals 0.08 diversification by investing in Gold ETFs. Infosys Ltd. Software 1.12 Divi s Laboratories Limited Pharmaceuticals 0.07 However, there is no assurance that the Reliance Industries Ltd. Petroleum Products 0.83 Bharti Infratel Ltd. Telecom - Equipment & objective of the scheme will be realized. Bharat Petroleum Corporation Ltd. Petroleum Products 0.75 Accessories 0.06 Grasim Industries Ltd. Cement 0.73 Dish TV India Ltd. Media and Entertainment 0.06 Allotment Date ITC Ltd. Consumer Non Durables 0.73 Ambuja Cements Ltd Cement 0.04 Sun Pharma Advance January 21, 2011 IndusInd Bank Ltd. Banks 0.69 Asian Paints Ltd. Consumer Non Durables 0.59 Research Co.Ltd Pharmaceuticals 0.04 Fund Managers Bajaj Auto Ltd. Auto 0.58 TVS Motors Company Ltd Auto 0.04 Cadila Healthcare Ltd. Pharmaceuticals 0.03 Mr. Deepak Gupta & Hero MotoCorp Ltd. Auto 0.58 Zee Entertainment Enterprises Ltd Media and Entertainment 0.55 UPL Ltd Pesticides 0.02 Mr. Abhishek Bisen* Hindustan Unilever Ltd. Consumer Non Durables 0.54 ACC Ltd. Cement 0.01 IDFC Bank Limited Banks 0.01 Benchmark Ultratech Cement Ltd. Cement 0.51 Ujjivan Financial Services Ltd Finance 0.47 Listed/Awaiting Listing on Stock Exchange - Total 16.94 75% CRISIL Short Term Bond Fund, Bajaj Finance Limited Finance 0.41 Mutual Fund Units Tata Motors Ltd. Auto 0.41 Kotak Mutual Fund - 15% Nifty 50 and 10% Price of Gold. Lupin Ltd. Pharmaceuticals 0.40 Kotak Gold ETF Mutual Fund Units 8.88 Mutual Fund Units - Total 8.88 AAUM (` In Crores) Maruti Suzuki India Limited Auto 0.32 Yes Bank Ltd Banks 0.32 Futures AAUM as on June 30, 2016: ` 25.67 Eicher Motors Ltd Auto 0.31 CNX NIFTY-JUL2016 -0.49 Wipro Ltd. Software 0.30 Futures (Market value represents Notional Value) - Total -0.49 AUM (` In Crores) Larsen And Toubro Ltd. Construction Project 0.29 Debt Instruments ICICI Bank Ltd. Banks 0.27 Debentures and Bonds AUM as on June 30, 2016: ` 25.60 Petronet LNG Ltd. Gas 0.27 Corporate Debt/Financial Institutions Available Plans/Options Axis Bank Ltd Banks 0.25 Hindalco Industries Ltd. CRISIL AA- 3.14 Equitas Holdings Ltd Finance 0.23 Corporate Debt/Financial Institutions - Total 3.14 A) Regular Plan Power Grid Corporation Government Dated Securities Of India Ltd Power 0.21 8.45% State Government SOV 19.80 B) Direct Plan / Options: Dividend Payout, GAIL (India) Ltd. Gas 0.20 8.72% State Government SOV 16.11 Dividend Reinvestment & Growth Tata Consultancy Services Ltd. Software 0.20 8.53% State Government SOV 11.91 (applicable for all plans)) JSW Steel Ltd. Ferrous Metals 0.19 7.59% Central Government SOV 7.81 Britannia Industries Ltd. Consumer Non Durables 0.18 Government Dated Securities - Total 55.63 Dividend Frequency National Thermal Power TERM DEPOSITS Monthly (12th of Every Month), Quarterly Corporation Limited Power 0.17 Kotak Mahindra Bank Ltd. 3.91 (20th of Mar/Jun/Sep/Dec), Annual (12th of Tata Steel Limited. Ferrous Metals 0.16 Term Deposits - Total 3.91 Ashok Leyland Ltd. Auto 0.15 March) Collateral Borrowing & Lending obligation 9.45 HCL Technologies Ltd. Software 0.15 Net Current Assets/(Liabilities) 2.54 Ratios Mahanagar Gas Ltd Gas 0.15 Grand Total 100 Bajaj Finserv Ltd. Finance 0.14 $Standard Deviation: 4.14%, Bosch Limited Auto Ancillaries 0.13 Mahindra & Mahindra Ltd. Auto 0.13 Modified Duration:2.92yrs, Bharti Airtel Ltd. Telecom - Services 0.12 Portfolio Yield: 7.95% Dr Reddys Laboratories Ltd Pharmaceuticals 0.12 Marico Ltd. Consumer Non Durables 0.12 Source:$ICRAMFI Explorer. Standard Thyrocare Technologies Ltd Pharmaceuticals 0.11 Deviation is calculated on Annualised basis Aurobindo Pharma Ltd. Pharmaceuticals 0.10 using 3 years history of monthly returns.

Minimum Investment Amount Notes: Term Deposit as provided above is towards margin for derivatives transactions Initial Investment: `10000 and in Average Maturity of the portfolio based on total maturity of fixed rate and immediate reset date of floating rate instruments: multiple of `1 for purchase and for `0.01 4.06 years. for switches Kotak Multi Asset Allocation Fund NAV as on June 30, 2016: `15.1824 (Growth Option), `15.6670 (Direct Growth Option), `12.7267 (Monthly Dividend), `11.9280 (Quarterly Dividend), `12.1847 (Direct Quarterly Dividend), `11.7664 (Annual Dividend), `12.5329 Additional Investment: `1000 & in (Direct Annual) multiples of `1 Ideal Investments Horizon: 1 year & above 3.14 2.54 -0.49 3.14 2.54 -0.49 Load Structure 8.88 8.88 13.36 Entry Load: Nil. (applicable for all plans) 13.36 Exit Load: i) For exit within 1 year from the date of allotment of units: 1%. ii) For exit after 1 year from the date of allotment of units: Nil. iii) Any exit load charged (net off Service Tax, if any) shall be credited back 16.94 55.63 16.94 55.63 to the Scheme. Debentures and Bonds Mutual Fund Units Note - Units issued on reinvestment of Government Dated Securities Net Current Assets Derivatives AA- Derivatives SOV dividends shall not be subject to exit load Mutual Fund Units (applicable for all plans) Total Expense Ratio** PRODUCT LABEL Regular: 2.45% Direct: 0.36% Riskometer This product is suitable for investors who are seeking*: Moderate M **Total Expense Ratio excludes applicable tely od Income & capital growth over a long term horizon ra er e Highat B15 fee and service tax. od e Low ly Investment in a portfolio of debt instruments with a M moderate exposure in equity & equity related

High instruments and provides diversification by investing in Gold ETFs Low * Investors should consult their financial advisors if in doubt LOW HIGH about whether the product is suitable for them. Investors understand that their principal will be at moderate risk

* For Fund Manager experience, please refer page 54-55. 33 For scheme performance, please refer page no 44-53. For last three dividends, please refer page no 56-58 Details of exposure across all Debt Funds of Kotak Mahindra Mutual Fund as on 30 June 2016

%age of Exposure %age of Exposure Issuer Name Issuer Name to Debt AUM $ to Debt AUM $ AXIS Bank Ltd. 1.56 Intime Properties Ltd. 0.13 Aasan Developers and Constructions Private Limited Janalakshami Financial Services Ltd. 0.44 ( Guaranteed by a Piramal Group Company ) 0.15 Jyothy Laboratories Limited 0.07 Adani Port and Special Economic Zone Limited 1.06 Karelides Traders Private Ltd. ( backed by unconditional and irrevocable Adani Power Ltd ( Secured by Equity shares of Adani Ports and SEZ Ltd ) 0.24 undertaking by a wholly owned subsidiary of Piramal Enterprises Ltd ) 0.80 Adani Transmission Ltd 0.38 Kotak Mahindra Bank Ltd. 0.00 Aditya Birla Finance Ltd. 0.01 Kotak Mahindra Investments Ltd. 0.21 Aditya Birla Nuvo Limited 0.64 Kotak Mahindra Prime Ltd. 1.08 Airports Authority of India 0.06 L & T Finance Limited 0.30 Andhra Bank 0.14 LIC Housing Finance Ltd. 0.87 Ashirvad Microfinance Private Limited ( 85% subsidiary of MA MAULTI TRADE PVT LTD ( Secured by Equity shares of Bajaj Manappuram Finance Ltd ) 0.11 Corp. Ltd ) 0.16 Aspire Home Finance Corporation Ltd 0.15 Mahindra & Mahindra Financial Services Ltd. 2.00 Au Financiers (India) Limited 0.70 Manappuram Finance Ltd 0.87 Bajaj Capital Ventures Pvt. Ltd. ( Secured by Equity shares of Mandava Holdings Private Limited ( backed by unconditional and Bajaj Corp. Ltd ) 0.16 irrevocable undertaking by Axis Capital ) 0.36 Bajaj Finance Limited 0.86 Muthoot Finance Ltd 1.48 Bank of India 0.51 Muthoot Fincorp Ltd. 0.21 Bhanu Vyapaar Private Limited ( Secured by Equity shares of Emami Ltd ) 0.09 Nabha Power Ltd. ( backed by unconditional and irrevocable Bharti enterprises (Holding) Pvt. Ltd. 1.72 guarantee by Larsen & Toubro Ltd ) 1.41 CBLO/REVERSE REPO 2.15 National Bank for Agriculture and Rural Developmen 3.26 Camden Industries Ltd. ( backed by unconditional and irrevocable National Housing Bank 0.27 undertaking of Axis Capital ) 0.47 National Thermal Power Corporation Ltd. 0.05 Canara Bank 0.54 ONGC Manglore Petrochemicals Ltd. 0.82 Central Government 18.22 PNB Housing Finance Ltd. 0.01 Cholamandalam Investment and Finance Company Ltd 0.01 Peninsula Land Limited 0.11 Continental Drug Company P Ltd ( Secured by Equity shares of Phoenix ARC Pvt Ltd 0.10 Zee Entertainment Enterprises Ltd ) 0.44 Piramal Enterprises Limited 1.91 Corporation Bank 0.21 Power Finance Corporation Ltd. 3.60 DLF Emporio Ltd 0.22 Power Grid Corporation of India Ltd. 0.27 Dalmia Bharat Ltd 0.22 Powergrid Vizag Transminssion Ltd. ( backed by unconditional and Dewan Housing Finance Corporation Ltd. 0.96 irrevocable guarantee by Powergrid Corp ) 0.04 ECL Finance Limited 0.15 Prestige Estates Projects Limited 0.43 East-North Interconnection Company Limited 0.15 Pune Solapur Expressways Pvt. Ltd. ( toll road project of Tata Realty & Edelweiss Agri Value Chain Limited 0.61 Infrastructure Ltd, 100% subsidiary of Tata Sons ) 0.19 Edelweiss Commodities Services Ltd. 0.59 Punjab National Bank 0.03 Edelweiss Financial Services Limited 0.17 Ratnakar Bank Ltd 0.05 Edelweiss Housing Finanance Limited 0.11 Raymond Ltd. 0.10 Edisons Untility Works Pvt.Ltd. ( Secured by Equity shares of Reliance Capital Ltd. 0.43 Zee Entertainment Enterprises Ltd ) 0.22 Reliance Jio Infocomm Limited 3.89 Emami Enclave Markets Pvt Ltd. ( Secured by Equity shares of Emami Ltd ) 0.09 Reliance Ports And Terminals Limited 0.04 Emami Realty Ltd ( Secured by Equity shares of Emami Ltd ) 0.24 Reliance Utilities And Power Private Limited 0.16 Equitas Micro Finance Ltd. 0.16 Rural Electrification Corporation Ltd. 2.43 Essel Mining & Industries Ltd. 0.42 SBK Properties Pvt Ltd. ( Guaranteed by a Kalyani Group company ) 0.19 Export-Import Bank of India. 1.40 SP Jammu Udhampur Highway Ltd. ( backed by unconditional and Fullerton India Credit Co. Ltd. 0.27 irrevocable guarantee of Shapoorji Pallonji & Co Pvt Ltd ) 0.20 Grand View Estate Pvt Ltd ( backed by unconditional and irrevocable Sahyadri Agencies Ltd ( Secured by Equity shares of Jyothy guarantee of Shapoorji Pallonji & Co Pvt Ltd ) 0.40 Laboratories Ltd ) 0.22 HDB Financial Services Ltd. 0.66 Shapoorji Pallonji Energy Gujarat Private Limited 0.09 HDFC Bank Ltd. 1.39 Shapoorji Pallonji Energy Gujarat Private Limited ( backed by HDFC Ltd. 1.87 unconditional and irrevocable guarantee of Shapoorji Pallonji & HPCL Mittal Energy Ltd. 0.82 Co Pvt Ltd ) 0.13 HPCL Mittal Pipelines Ltd. 0.04 Shivprasad Realty Pvt Ltd ( backed by unconditional and irrevocable Haldhar Developers Private Limited ( backed by unconditional and undertaking by Axis Capital ) 0.11 irrevocable undertaking by Piramal ) 0.09 Shriram Transport Finance Co Ltd. 1.27 Hero Realty Ltd ( Guaranteed by a Hero Group company ) 0.22 Small Industries Development Bank Of India. 1.44 High Point Properties Pvt LTD ( backed by unconditional and irrevocable Sneha Abasan Pvt Ltd ( Secured by Equity shares of Emami Ltd ) 0.07 guarantee of Shapoorji Pallonji & Co Pvt Ltd ) 0.18 Sneha Enclave Pvt Ltd ( Secured by Equity shares of Emami Ltd ) 0.04 Hindalco Industries Ltd. 0.00 State Bank Of India. 0.40 Hinduja Leyland Finance Ltd. 0.22 State Bank of Travancore 0.10 Hindustan Zinc Ltd 0.68 State Government 5.03 ICICI Bank Ltd. 0.03 Steel Authority of India Ltd. 2.58 ICICI Home Finance Company Limited 0.23 Sterlite Industries (India) Ltd 0.37 IDBI Bank Ltd. 2.23 Sundaram BNP Paribas Home Finance Ltd 0.10 IDFC Bank Limited 0.05 Sundaram Finance Ltd. 0.06 IL & FS Transportation Networks Limited ( Secured by Equity shares Suraksha Reality Ltd ( Secured by Equity shares of Sun of IL & FS Ltd ) 0.14 Pharmaceuticals Industries Ltd ) 2.13 IOT Utkal Energy Services Ltd. 0.19 Tata Capital Financial Services Limited 0.42 India Infoline Finance Limited 0.98 Tata Capital Housing Finance Ltd; 0.75 India Infoline Housing Finance Ltd. 0.12 Tata Motors Finance Ltd 0.57 Indiabulls Housing Finance Limited 1.07 Tata Motors Ltd. 1.17 Indian Oil Corporation Ltd. 0.03 Tata Power Company Ltd. 0.29 Indian Overseas Bank 0.07 Tata Power Renewable Energy Ltd. 0.70 Indian Railway Finance Corporation Ltd. 0.31 Tata Sons Ltd. 0.08 Indostar Capital Finance Private Limited 0.27 Ultratech Cement Ltd. 1.98 IndusInd Bank Ltd. 0.43 Vedanta Ltd. 0.32 Infrastructure Leasing & Financial Services Limite 0.02 Vijaya Bank 0.82 Innovador Realtors Pvt Ltd ( backed by unconditional and irrevocable Total 100 undertaking by Piramal ) 0.48 Inox Air Products Ltd. 0.01

%age of Exposure Industry / Sector to Debt AUM $ BANK 8.56 CASH(CBLO/REVERSE REPO) 2.15 CORPORATES 31.85 FINANCIAL SERVICES 19.15 GOI/TBILLS 23.26 NBFC 14.38 REAL ESTATE 0.65 TOTAL 100.00 $ - Includes Hybrid schemes - debt scheme schemes having equity exposure

34 FUND OF FUNDS INVESTMENT STYLE Style Maturity Value Blend Growth Size Short Medium Long Volatility KOTAK ASSET ALLOCATOR FUND Large Low An Open Ended Fund of Funds Scheme Mid Medium (Earlier known as Kotak Equity FOF Scheme) Small High (As on June 30, 2016)

* For Fund Manager experience, please refer page 54-55. 35 For scheme performance, please refer page no 44-53. For last three dividends, please refer page no 56-58 FUND OF FUNDS INVESTMENT STYLE Style Value Blend Growth Size KOTAK US EQUITY FUND Large (formerly known as PineBridge India US Equity Fund) Mid An Open Ended Fund of Funds Scheme Investing Overseas Small (As on June 30, 2016)

Investment Objective PORTFOLIO The primary investment objective of the scheme is to provide long term capital Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net appreciation by investing in units of a fund Assets Assets that invests predominantly in equity and Equity & Equity related (Listed/Awaiting listing on Stock Collateral Borrowing & Lending obligation 2.40 equity related securities of companies Exchange) having assets, products or operations in the United States. However, there is no Net Current Assets/(Liabilities) -1.96 assurance that the investment objective of Mutual Fund Units the Scheme will be realized. Grand Total 100 Allotment Date Falcon Gold Equity ASIA Overseas Mutual Fund 99.56 December 20, 2013 Mutual Fund Units - Total 99.56 Fund Manager Mr. Deepak Gupta* Benchmark Standard & Poor's 500 Total Return Net Index in USD is the benchmark of the underlying scheme. The same converted into INR using RBI reference rate will be the benchmark for the scheme. AAUM (` In Crores) AAUM as on June 30, 2016: `5.05 AUM (` In Crores) AUM as on June 30, 2016: `5.11 Available Plans/Options A) Regular Plan B) Direct Plan / Options: Dividend Payout, Dividend Reinvestment & Growth (applicable for all plans) Dividend Frequency Trustees Discretion Minimum Investment Amount Initial Investment: `5000 and in multiple of `1 for purchase and for `0.01 for switches Additional Investment: `1000 & in multiples of `1 Kotak US Equity Fund NAV as on June 30, 2016: `12.019 (Dividend Option), `12.251 (Direct Dividend Option), `12.019 (Growth Ideal Investments Horizon: 3 years & Option), `12.250 (Direct Growth Option) above Load Structure SECTOR ALLOCATION (%) PRODUCT LABEL Entry Load: Nil. (applicable for all plans) Riskometer Exit Load: I) For redemptions / switch outs -1.96 ly Moderate Mo (including SIP/STP) within 1 year from the 2.40 ate de er Highra d te date of allotment of units, irrespective of o l M Low y the amount of investment 1%; ii) For redemptions / switch outs (including High SIP/STP) after 1 year from the date of Low allotment of units, irrespective of the LOW HIGH amount of investment NIL; Investors understand that their principal will be at high risk iii) Any exit load charged (net off Service Tax, This product is suitable for investors who are seeking*: if any) shall be credited back to the Scheme; Long term capital growth 99.56 Note - Units issued on reinvestment of Long term capital appreciation by investing in Units of PineBridge US Large dividends shall not be subject to entry and Cap Research Enhanced Fund which in turn invests in equity and equity CBLO & Term Deposits & Rev.Repo related securities of companies having assets, products or operations in the exit load. Overseas Mutual Fund Others United States. Total Expense Ratio** * Investors should consult their financial advisors if in doubt about whether the product is suitable for them. Regular: 1.40% Direct: 0.63% **Total Expense Ratio excludes applicable B15 fee and service tax.

* For Fund Manager experience, please refer page 54-55. For scheme performance, please refer page no 44-53. 36 FUND OF FUNDS INVESTMENT STYLE Style Value Blend Growth Size KOTAK GLOBAL EMERGING MARKET FUND Large An Open - Ended Equity Scheme Mid Small (As on June 30, 2016)

High

Low

98.72 LOW HIGH 95.36 93.72 Investors understand that their principal will be at high risk 97.02 This product is suitable for investors who are seeking*: Long term capital growth Investment in overseas mutual fund schemes that invest in a diversified portfolio of securities in global emerging markets CBLO & Term Deposits & Rev.Repo * Investors should consult their financial advisors if in doubt about whether the Overseas Mutual Fund Others product is suitable for them.

* For Fund Manager experience, please refer page 54-55. 37 For scheme performance, please refer page no 44-53. FUND OF FUNDS INVESTMENT STYLE Style Value Blend Growth Size KOTAK WORLD GOLD FUND Large (formerly known as PineBridge World Gold Fund) Mid An Open Ended Fund of Funds Scheme Small (As on June 30, 2016)

Investment Objective PORTFOLIO The primary investment objective of the Scheme is to provide long term capital Issuer/Instrument Industry/Rating % to Net Issuer/Instrument Industry/Rating % to Net appreciation by investing predominantly in Assets Assets units of Falcon Gold Equity Fund. The Equity & Equity related (Listed/Awaiting listing on Stock Mutual Fund Units - Total 99.56 Scheme may, at the discretion of the Exchange) Investment Manager, also invest in the units of other similar overseas mutual fund Collateral Borrowing & Lending obligation 2.40 schemes. The Scheme may also invest a Mutual Fund Units certain portion of its corpus in debt and money market securities and/or units of debt/liquid schemes of Mutual Funds, in Net Current Assets/(Liabilities) -1.96 Falcon Gold Equity ASIA Overseas Mutual Fund 99.56 order to meet liquidity requirements from time to time. However, there is no assurance that the investment objective of Grand Total 100 the Scheme will be realized. Allotment Date June 6, 2008 Fund Manager Mr. Deepak Gupta* Benchmark Financial Times Gold Mines Total Price Index, in USD is the benchmark of Falcon Gold Equity Fund. The above translated to INR using the RBI Reference Rate will be the benchmark of Kotak World Gold Fund. AAUM (` In Crores) AAUM as on June 30, 2016: `51.86 AUM (` In Crores) AUM as on June 30, 2016: `56.05 Available Plans/Options A) Regular Plan B) Direct Plan / Options: Dividend Payout, Dividend Reinvestment & Growth (applicable for all plans) Dividend Frequency Trustees Discretion Minimum Investment Amount Kotak World Gold Fund NAV as on June 30, 2016: `9.789 (Dividend Option), `10.046 (Direct Dividend Option), `11.808 (Growth Initial Investment: `5000 and in multiple Option), `12.107 (Direct Growth Option) of `1 for purchase and for `0.01 for switches Additional Investment: `1000 & in multiples of `1 for purchase and for `0.01 SECTOR ALLOCATION (%) PRODUCT LABEL for switches 2.40 -1.96 Riskometer

Ideal Investments Horizon: 3 years & ly Moderate Mo 4.53- ate de er Highra above d te o l M Low y Load Structure

High Entry Load: Nil. (applicable for all plans) Low Exit Load: 102.1599.03 100.0597.7198.43 LOW HIGH I) For redemptions / switch outs (including Investors understand that their principal will be at high risk SIP/STP) within 1 year from the date of 99.56 allotment of units, irrespective of the This product is suitable for investors who are seeking*: amount of investment 1%; Overseas Mutual Fund Net Current Assets Long term capital growth Long term capital appreciation by investing in units of Falcon Gold Equity CBLO & Term Deposits & Rev.Repo ii) For redemptions / switch outs (including Fund which in turn invests in international securities of gold production, SIP/STP) after 1 year from the date of processing and marketing companies allotment of units, irrespective of the * Investors should consult their financial advisors if in doubt about whether the product is suitable for them. amount of investment NIL; iii) Any exit load charged (net off ServiceTax, if any) shall be credited back to the Scheme; Note - Units issued on reinvestment of dividends shall not be subject to entry and exit load. Total Expense Ratio** Regular:1.90% Direct: 1.15% **Total Expense Ratio excludes applicable B15 fee and service tax.

* For Fund Manager experience, please refer page 54-55. For scheme performance, please refer page no 44-53. 38 ETF SCHEMES

KOTAK GOLD ETF An Open Ended Gold Exchange Traded Fund

(As on June 30, 2016)

Investment Objective PORTFOLIO The investment objective of Kotak Gold ETF is to generate returns that are in line with Issuer / Instrument Industry/ % to Net Issuer / Instrument Industry/ % to Net the returns on investment in physical gold, Rating Assets Rating Assets subject to tracking error. Gold Net Current Assets/(Liabilities) -0.03 Allotment Date July 27, 2007 Gold Fineness99.5 Gold 100.03 Grand Total 100.00 Fund Manager Listed/Awaiting Listing on Stock Exchange - Total 100.03 Mr. Abhishek Bisen* Benchmark Physical Gold AAUM (`In Crores) AAUM as on June 30, 2016: ` 498.76 NAV AUM (`In Crores) Kotak Gold ETF NAV as on June 30, 2016: `290.9343 AUM as on June 30, 2016: ` 515.31

Available Plans/Options Tracking Error: 0.06% A) Regular Plan B) Direct Plan Minimum Investment Amount Through Exchange:10 Units, Through AMC: 10000 Units, Ideal Investment Horizon: 3 years and above Load Structure Entry Load: Nil. (applicable for all plans) Exit Load: Nil (applicable for all plans) Total Expense Ratio** Regular: 1.00% Direct: NA **Total Expense Ratio excludes applicable B15 fee and service tax.

Sector Allocation (%) PRODUCT LABEL

-0.03 Riskometer ly Moderate Mo ate de er Highra d te o l M Low y

High

Low

LOW HIGH Investors understand that their principal will be at moderate risk

This product is suitable for investors who are seeking*: Returns in line with physical gold over medium to long term, subject to 100.03 tracking error Investment in physical gold Gold Others * Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

* For Fund Manager experience, please refer page 54-55. 39 For scheme performance, please refer page no 44-53 ETF SCHEMES

KOTAK NIFTY ETF An Open Ended Exchange Traded Fund [Eligible scheme under Rajiv Gandhi Equity Savings Scheme (RGESS)] (As on June 30, 2016)

Investment Objective PORTFOLIO The investment objective of the scheme is to provide returns before expenses that Issuer / Instrument Industry/ % to Net Issuer / Instrument Industry/ % to Net closely correspond to the total returns of Rating Assets Rating Assets the CNX Nifty subject to tracking errors. Equity & Equity related (Listed/Awaiting listing on Stock Power Grid Corporation Of Allotment Date Exchange) India Ltd Power 1.18 February 2, 2010 HDFC Bank Ltd. Banks 7.72 Wipro Ltd. Software 1.18 Infosys Ltd. Software 7.69 Fund Manager Ultratech Cement Ltd. Cement 1.17 ITC Ltd. Consumer Non Durables 6.82 Tech Mahindra Ltd. Software 1.03 Mr. Deepak Gupta* HDFC Ltd. Finance 6.51 Grasim Industries Ltd. Cement 0.99 Benchmark Reliance Industries Ltd. Petroleum Products 5.26 Bharat Petroleum Nifty 50 ICICI Bank Ltd. Banks 4.60 Corporation Ltd. Petroleum Products 0.92 AAUM (`In Crores) Tata Consultancy Services Ltd. Software 4.46 Cipla Ltd. Pharmaceuticals 0.83 Larsen And Toubro Ltd. Construction Project 4.03 AAUM as on June 30, 2016: ` 332.64 Zee Entertainment Axis Bank Ltd Banks 2.93 Enterprises Ltd Media and Entertainment 0.82 AUM (`In Crores) Tata Motors Ltd. Auto 2.92 Eicher Motors Ltd Auto 0.77 AUM as on June 30, 2016: `345.96 Sun Pharmaceuticals Tata Steel Limited. Ferrous Metals 0.71 Available Plans/Options Industries Ltd. Pharmaceuticals 2.72 Bosch Limited Auto Ancillaries 0.68 A) Regular Plan Kotak Mahindra Bank Ltd. Banks 2.67 Aurobindo Pharma Ltd. Pharmaceuticals 0.66 State Bank Of India Banks 2.23 B) Direct Plan Ambuja Cements Ltd Cement 0.65 Mahindra & Mahindra Ltd. Auto 2.19 Adani Port and Special Ratios Hindustan Unilever Ltd. Consumer Non Durables 2.11 Economic Zone Limited Transportation 0.62 Portfolio Turnover: 28.74% Maruti Suzuki India Limited Auto 1.83 Bharti Infratel Ltd. Telecom - Equipment & Tracking Error: 0.09% IndusInd Bank Ltd. Banks 1.78 Accessories 0.60 Minimum Investment Amount Bharti Airtel Ltd. Telecom - Services 1.59 GAIL (India) Ltd. Gas 0.59 Asian Paints Ltd. Consumer Non Durables 1.49 Hindalco Industries Ltd Non - Ferrous Metals 0.52 Through Exchange:1 Unit, Dr Reddys Laboratories Ltd Pharmaceuticals 1.40 ACC Ltd. Cement 0.50 Through AMC: 5000 Units, HCL Technologies Ltd. Software 1.35 Bank Of Baroda Banks 0.48 Ideal Investment Horizon: 3 years and Hero MotoCorp Ltd. Auto 1.31 Tata Motors Ltd - DVR Auto 0.48 above Coal India Ltd. Minerals/Mining 1.30 Tata Power Co. Ltd. Power 0.44 Load Structure Oil & Natural Gas Idea Cellular Ltd. Telecom - Services 0.39 Entry Load: Nil. (applicable for all plans) Corporation Ltd. Oil 1.28 Bharat Heavy Electricals Ltd. Industrial Capital Goods 0.38 Exit Load: Nil (applicable for all plans) National Thermal Power Listed/Awaiting Listing on Stock Exchange - Total 99.65 Total Expense Ratio** Corporation Limited Power 1.27 Net Current Assets/(Liabilities) 0.35 Lupin Ltd. Pharmaceuticals 1.21 Grand Total 100 Regular:0.13% Bajaj Auto Ltd. Auto 1.20 Direct: NA Yes Bank Ltd Banks 1.19 **Total Expense Ratio excludes applicable B15 fee and service tax. NAV

Kotak Nifty ETF NAV as on June 30, 2016 : ` 834.8622

Sector Allocation (%) PRODUCT LABEL Riskometer 9.83 2.89 10.12 3.31 23.60 ly Moderate Mo 24.27 ate de 4.03 er Highra 4.65 d te o l 5.81 M Low y 6.18 6.63 High 16.7116.42 6.51 Low 15.71 LOW HIGH 6.82 Investors understand that their principal will be at moderate risk 10.42 10.70 This product is suitable for investors who are seeking*: Banks Software Consumer Non Durables Long term capital growth Auto Pharmaceuticals Finance Investment in stocks comprising the underlying index and endeavours to Petroleum Products Construction Project Cement track the benchmark index Power Others * Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

* For Fund Manager experience, please refer page 54-55. For scheme performance, please refer page no 44-53. For last three dividends, please refer page no 56-58 40 ETF SCHEMES

KOTAK SENSEX ETF An Open Ended Exchange Traded Fund [Eligible scheme under Rajiv Gandhi Equity Savings Scheme (RGESS)] (As on June 30, 2016)

Investment Objective PORTFOLIO The investment objective of the scheme is to provide returns before expenses that Issuer / Instrument Industry/ % to Net Issuer / Instrument Industry/ % to Net closely correspond to the total returns of Rating Assets Rating Assets the BSE SENSEX subject to tracking errors. Equity & Equity related (Listed/Awaiting listing on Stock Hero MotoCorp Ltd. Auto 1.57 Allotment Date Exchange) Oil & Natural Gas June 6, 2008 Infosys Ltd. Software 9.47 Corporation Ltd. Oil 1.57 Fund Manager HDFC Bank Ltd. Banks 9.40 Mr. Deepak Gupta* Lupin Ltd. Pharmaceuticals 1.49 ITC Ltd. Consumer Non Durables 8.40 Benchmark Bajaj Auto Ltd. Auto 1.48 HDFC Ltd. Finance 8.02 S&P BSE SENSEX Power Grid Corporation Of Reliance Industries Ltd. Petroleum Products 6.49 AAUM (`In Crores) India Ltd Power 1.45 11.02 ICICI Bank Ltd. Banks 5.66 AAUM as on June 30, 2016: ` Wipro Ltd. Software 1.45 AUM (`In Crores) Tata Consultancy Services Ltd. Software 5.29 National Thermal Power AUM as on June 30, 2016: ` 11.11 Larsen And Toubro Ltd. Construction Project 4.97 Corporation Limited Power 1.31 Available Plans/Options Axis Bank Ltd Banks 3.66 Cipla Ltd. Pharmaceuticals 1.03 A) Regular Plan Tata Motors Ltd. Auto 3.54 B) Direct Plan Tata Steel Limited. Ferrous Metals 0.87 Sun Pharmaceuticals Ratios Adani Port and Special Economic Industries Ltd. Pharmaceuticals 3.35 Portfolio Turnover: 20.73% Zone Limited Transportation 0.76 State Bank Of India Banks 2.82 Tracking Error: 0.12% GAIL (India) Ltd. Gas 0.73 Minimum Investment Amount Mahindra & Mahindra Ltd. Auto 2.66 Listed/Awaiting Listing on Stock Exchange - Total 99.54 Through Exchange:1 Unit, Hindustan Unilever Ltd. Consumer Non Durables 2.60 Net Current Assets/(Liabilities) 0.46 Through AMC: 10000 Units, Maruti Suzuki India Limited Auto 2.25 Ideal Investment Horizon: 3 years and Grand Total 100 above Bharti Airtel Ltd. Telecom - Services 2.07 Load Structure Asian Paints Ltd. Consumer Non Durables 1.83 Entry Load: Nil. (applicable for all plans) Dr Reddys Laboratories Ltd Pharmaceuticals 1.75 Exit Load: Nil (applicable for all plans) Coal India Ltd. Minerals/Mining 1.60 Total Expense Ratio** Regular: 0.28% Direct: NA NAV **Total Expense Ratio excludes applicable Kotak Sensex ETF NAV as on June 30, 2016 : ` 276.3781 B15 fee and service tax.

Sector Allocation (%) PRODUCT LABEL

5.99 Riskometer 2.07 21.54 2.76 4.97 5.795.65 ly Moderate Mo 4.9 5.4 22.46 ate de 22.68 er Highra 6.49 5.685.2 22.67 d te 6.64 o l 6.116.15 M Low y 8.41 7.628.18.28 16.58 High 17.416.44 9.839.87 10.06 Low 10.2910.4 10.74 10.12 10.510.55 8.02 16.21 LOW HIGH

11.50 12.83 Investors understand that their principal will be at moderate risk

This product is suitable for investors who are seeking*: Auto Banks Software Long term capital growth Consumer Non Durables Pharmaceuticals Finance Investment in stocks comprising the underlying index and endeavours to Petroleum Products Construction Project track the benchmark index Telecom - Services Others Power * Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

* For Fund Manager experience, please refer page 54-55. 41 For scheme performance, please refer page no 44-53. For last three dividends, please refer page no 56-58 ETF SCHEMES

KOTAK BANKING ETF An Open Ended Exchange Traded Fund

(As on June 30, 2016)

Sector Allocation (%) PRODUCT LABEL Riskometer 0.50 0.30 ly Moderate Mo ate de er Highra d te o l M Low y

High

Low

LOW HIGH Investors understand that their principal will be at moderate risk

This product is suitable for investors who are seeking*: 99.20 Long term capital growth Investment in stocks comprising the underlying index and endeavours to track the benchmark index Banks Others Derivatives * Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

* For Fund Manager experience, please refer page 54-55. For scheme performance, please refer page no 44-53. For last three dividends, please refer page no 56-58 42 ETF SCHEMES

KOTAK PSU BANK ETF An Open Ended Exchange Traded Fund

(As on June 30, 2016)

Investment Objective PORTFOLIO The investment objective of the scheme is to provide returns that closely correspond Issuer / Instrument Industry/ % to Net Issuer / Instrument Industry/ % to Net to the total returns of CNX PSU Bank Index, Rating Assets Rating Assets subject to tracking errors. Equity & Equity related (Listed/Awaiting listing on Stock Allahabad Bank. Banks 1.43 Allotment Date Exchange) November 8, 2007 Andhra Bank Banks 1.41 State Bank Of India Banks 62.61 Fund Manager Syndicate Bank Banks 1.39 Mr. Deepak Gupta* Bank Of Baroda Banks 13.40 Benchmark Oriental Bank of Commerce Banks 1.21 Nifty PSU Bank Punjab National Bank Banks 7.28 AAUM (`In Crores) Indian Overseas Bank Banks 0.82 Union Bank Of India Banks 3.01 AAUM as on June 30, 2016: ` 33.94 Listed/Awaiting Listing on Stock Exchange - Total 99.96 AUM (`In Crores) Canara Bank Banks 2.84 AUM as on June 30, 2016: `108.00 Net Current Assets/(Liabilities) 0.04 Available Plans/Options Industrial Development Bank of India Ltd. Banks 2.38 A) Regular Plan Grand Total 100 B) Direct Plan Bank of India Banks 2.18 Ratios Portfolio Turnover: 121.23% Tracking Error: 0.26% Minimum Investment Amount NAV Through Exchange:1 Unit, Through AMC: 10000 Units, Kotak PSU Bank ETF NAV as on June 30, 2016: `279.2569 Ideal Investment Horizon: 3 years and above Load Structure Entry Load: Nil. (applicable for all plans) Exit Load: Nil (applicable for all plans)Total Total Expense Ratio** Regular:0.49% Direct: NA **Total Expense Ratio excludes applicable B15 fee and service tax.

Sector Allocation (%) PRODUCT LABEL Riskometer 0.04 ly Moderate Mo ate de er Highra d te o l M Low y

High

Low

100.0099.96 LOW HIGH Investors understand that their principal will be at moderate risk

This product is suitable for investors who are seeking*: Long term capital growth 99.96 Investment in stocks comprising the underlying index and endeavours to track the benchmark index Banks Others * Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

* For Fund Manager experience, please refer page 54-55. 43 For scheme performance, please refer page no 44-53. For last three dividends, please refer page no 56-58 Scheme Performances as on June 30, 2016

Kotak 50 - Dividend

Scheme Nifty 50 S&P BSE Current Value of Standard Investment of 10000 in the Returns ^ # Sensex ## ` Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 19.64 13.71 13.27 231,151 94,972 88,631

Jun 30, 2015 To Jun 30, 2016 -0.94 -0.96 -2.81

Jun 30, 2014 To Jun 30, 2015 21.56 9.95 9.31 NA

Jun 30, 2013 To Jun 30, 2014 30.62 30.28 31.03

N.A stands for data not available. Note: Point to Point (PTP) Returns in INR show the value of `10,000/- investment made at inception. Source: ICRA MFI Explorer # Name of Scheme Benchmark. ## Name of Additional Benchmark. ^ Past performance may or may not be sustained in the future. All payouts during the period have been reinvested in the units of the scheme at the then prevailingNAV. Returns <= 1 year: Absolute; Returns > 1 year: CAGR (Compounded Annualised Growth Rate).

Kotak Classic Equity - Growth

Scheme Nifty 100 Nifty 50 Current Value of Standard Investment of 10000 in the Returns ^ # ## ` Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 12.28 12.58 12.35 35,480 36,532 35,737

Jun 30, 2015 To Jun 30, 2016 -0.23 -0.29 -0.96

Jun 30, 2014 To Jun 30, 2015 13.74 11.49 9.95 NA

Jun 30, 2013 To Jun 30, 2014 37.38 31.98 30.28

Kotak Opportunities Fund - Growth

Scheme Nifty 500 Nifty 50 Current Value of Standard Investment of ` 10000 in the Returns^ # ## Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 19.87 14.58 14.65 85,058 49,922 50,259

Jun 30, 2015 To Jun 30, 2016 3.03 1.21 -0.96

Jun 30, 2014 To Jun 30, 2015 26.33 11.71 9.95 NA

Jun 30, 2013 To Jun 30, 2014 36.69 36.87 30.28

Kotak Select Focus Fund - Growth

Scheme Nifty 200 Nifty 50 Current Value of Standard Investment of ` 10000 in the Returns ^ # ## Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 13.99 8.50 8.26 24,381 17,428 17,161

Jun 30, 2015 To Jun 30, 2016 6.63 0.04 -0.96

Jun 30, 2014 To Jun 30, 2015 26.40 11.57 9.95 NA

Jun 30, 2013 To Jun 30, 2014 43.12 34.02 30.28

44 Kotak Tax Saver - Growth

Scheme Nifty 500 Nifty 50 Current Value of Standard Investment of 10000 in the Returns^ # ## ` Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 11.34 11.24 11.51 31,256 30,950 31,771

Jun 30, 2015 To Jun 30, 2016 0.35 1.21 -0.96

Jun 30, 2014 To Jun 30, 2015 30.25 11.71 9.95

Jun 30, 2013 To Jun 30, 2014 33.44 36.87 30.28

Kotak Midcap Fund - Growth

Scheme Nifty Midcap 100 Nifty 50 Current Value of Standard Investment of ` 10000 in the Returns ^ # ## Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 16.43 14.50 13.07 56,267 46,526 40,324

Jun 30, 2015 To Jun 30, 2016 9.82 6.20 -0.96

Jun 30, 2014 To Jun 30, 2015 31.81 17.24 9.95 NA

Jun 30, 2013 To Jun 30, 2014 53.69 51.13 30.28

Kotak Emerging Equity Scheme - Growth

Scheme S&P BSE Nifty 50 Current Value of Standard Investment of ` 10000 in the Returns^ Midcap # ## Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 12.13 10.32 8.72 28,867 24,835 21,687

Jun 30, 2015 To Jun 30, 2016 11.94 8.08 -0.96

Jun 30, 2014 To Jun 30, 2015 39.95 16.36 9.95 NA

Jun 30, 2013 To Jun 30, 2014 58.90 50.45 30.28

Kotak Infrastructure & Economic Reform Fund - Growth

Scheme S&P BSE 100 Nifty 50 Current Value of Standard Investment of 10000 in the Returns^ # ## ` Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 6.09 5.39 5.74 16,377 15,502 15,936

Jun 30, 2015 To Jun 30, 2016 6.27 -0.40 -0.96

Jun 30, 2014 To Jun 30, 2015 22.26 9.32 9.95 NA

Jun 30, 2013 To Jun 30, 2014 60.94 33.44 30.28

N.A stands for data not available. Note: Point to Point (PTP) Returns in INR show the value of `10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. ^Past performance may or may not be sustained in future. All payouts during the period have been reinvested in the units of the scheme at the then prevailingNAV. Returns <= 1 year: Absolute; Returns > 1 year: CAGR (Compounded Annualised Growth Rate).

45 41 Kotak Balance

Scheme CRISIL Nifty 50 Current Value of Standard Investment of 10000 in the Returns ^ Balanced Fund ## ` # Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 14.48 #N/A 11.26 94,434 #N/A 58,835

Jun 30, 2015 To Jun 30, 2016 -1.51 4.82 -0.96

Jun 30, 2014 To Jun 30, 2015 12.54 8.78 9.95 NA

Jun 30, 2013 To Jun 30, 2014 25.23 20.99 30.28

Kotak Equity Arbitrage Fund - Growth

Scheme Crisil Liquid Fund Nifty 50 Current Value of Standard Investment of 10000 in the Returns ^ # ## ` Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 7.76 7.45 11.33 22,358 21,654 31,739

Jun 30, 2015 To Jun 30, 2016 6.33 7.90 -0.96

Jun 30, 2014 To Jun 30, 2015 8.49 8.77 9.95 NA

Jun 30, 2013 To Jun 30, 2014 9.45 9.64 30.28

Kotak Liquid - Plan A - Growth

Scheme Crisil Liquid Fund CRISIL 1 Year T-Bill Current Value of Standard Investment of ` 10000 in the Returns^ # ## Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 7.53 6.96 5.90 25,073 23,455 20,670

Jun 30, 2015 To Jun 30, 2016 8.06 7.90 7.67

Jun 30, 2014 To Jun 30, 2015 8.84 8.77 8.54 NA

Jun 30, 2013 To Jun 30, 2014 9.49 9.64 5.89

N.A stands for data not available. Note: Point to Point (PTP) Returns in INR show the value of `10,000/- investment made at inception. Source: ICRA MFI Explorer. For Additional Benchmark (Debt Schemes): classification of schemes in short term & long termis based on the average maturity of the scheme. # Name of Scheme Benchmark. ## Name of Additional Benchmark. ^ Past performance may or may not be sustained in the future. All payouts during the period have been reinvested in the units of the scheme at the then prevailingNAV. Returns <= 1 year: Absolute; Returns > 1 year: CAGR (Compounded Annualised Growth Rate). Note-With effect from October 1, 2012 the scheme features has been changed. For more details please refer page 23.

Kotak Floater - ST - Growth

Scheme Crisil Liquid Fund CRISIL 1 Year T-Bill Current Value of Standard Investment of 10000 in the Returns (%) ^ # ## ` Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 7.42 6.90 5.89 25,314 23,754 21,002

Jun 30, 2015 To Jun 30, 2016 8.16 7.90 7.67

Jun 30, 2014 To Jun 30, 2015 8.89 8.77 8.54 NA

Jun 30, 2013 To Jun 30, 2014 9.53 9.64 5.89

N.A stands for data not available. Note: Point to Point (PTP) Returns in INR show the value of `10,000/- investment made at inception. Source: ICRA MFI Explorer. For Additional Benchmark (Debt Schemes): classification of schemes in short term & long term is based on the average maturity of the scheme. # Name of Scheme Benchmark. ## Name of Additional Benchmark. ^Past performance may or may not be sustained in future. All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns <= 1 year: Absolute; Returns > 1 year: CAGR (Compounded Annualised Growth Rate).

46 Kotak Treasury Advantage Fund - Growth

Scheme Crisil Liquid Fund CRISIL 1 Year TBill Current Value of Standard Investment of ` 10000 in the Returns ^ # ## Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 7.87 7.16 6.02 24,616 22,756 20,043

Jun 30, 2015 To Jun 30, 2016 8.27 7.90 7.67

Jun 30, 2014 To Jun 30, 2015 9.07 8.77 8.54 NA

Jun 30, 2013 To Jun 30, 2014 9.08 9.64 5.89

N.A stands for data not available. Note: Point to Point (PTP) Returns in INR show the value of `10,000/- investment made at inception. Source: ICRA MFI Explorer. For Additional Benchmark (Debt Schemes): classification of schemes in short term & long term is based on the average maturity of the scheme. # Name of Scheme Benchmark. ## Name of Additional Benchmark. ^Past performance may or may not be sustained in future. All payouts during the period have been reinvested in the units of the scheme at the then prevailingNAV. Returns <= 1 year: Absolute; Returns > 1 year: CAGR (Compounded Annualised Growth Rate).

Kotak Banking and PSU Debt Fund - Growth

Scheme Crisil Liquid Fund CRISIL 1 Year TBill Current Value of Standard Investment of 10000 in the Returns^ # ## ` Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 7.31 #N/A 6.66 34,386 #N/A 30,912

Jun 30, 2015 To Jun 30, 2016 8.29 7.90 7.67

Jun 30, 2014 To Jun 30, 2015 8.88 8.77 8.54 NA

Jun 30, 2013 To Jun 30, 2014 10.44 9.64 5.89

Note: Point to Point (PTP) Returns in INR show the value of `10,000/- investment made at inception. Source: ICRA MFI Explorer. For Additional Benchmark (Debt Schemes): classification of schemes in short term & long term is based on the average maturity of the scheme. # Name of Scheme Benchmark. ## Name of Additional Benchmark. ^ Past performance may or may not be sustained in the future. All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns <= 1 year: Absolute; Returns > 1 year: CAGR (Compounded Annualised Growth Rate).

Kotak Low Duration Fund - Growth

Scheme CRISIL Liquid CRISIL 1 Year T-Bill Current Value of Standard Investment of 10000 in the Returns^ Fund # ## ` Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 7.74 7.73 6.48 18,603 18,587 16,858

Jun 30, 2015 To Jun 30, 2016 8.88 7.90 7.67

Jun 30, 2014 To Jun 30, 2015 9.83 8.77 8.54 NA

Jun 30, 2013 To Jun 30, 2014 7.24 9.64 5.89

N.A stands for data not available. Note: Point to Point (PTP) Returns in INR show the value of `10,000/- investment made at inception. Source: ICRAMFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. ^Past performance may or may not be sustained in future. All payouts during the period have been reinvested in the units of the scheme at the then prevailingNAV. Returns <= 1 year: Absolute; Returns > 1 year:CAGR(Compounded Annualised Growth Rate).

Kotak Bond Short Term Plan - Growth

Scheme Crisil Short Term Bond CRISIL 1Year T-Bill Current Value of Standard Investment of ` 10000 in the Returns^ Fund# ## Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 7.74 7.19 5.93 28,772 26,761 22,614

Jun 30, 2015 To Jun 30, 2016 8.51 8.94 7.67

Jun 30, 2014 To Jun 30, 2015 8.90 9.56 8.54 NA

Jun 30, 2013 To Jun 30, 2014 7.26 8.76 5.89

N.A stands for data not available. Note: Point to Point (PTP) Returns in INR show the value of `10,000/- investment made at inception. Source: ICRA MFI Explorer. For Additional Benchmark (Debt Schemes): classification of schemes in short term& long termis based on the average maturity of the scheme. # Name of Scheme Benchmark. ## Name of Additional Benchmark. ^Past performance may or may not be sustained in future. All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns <= 1 year: Absolute; Returns > 1 year: CAGR (Compounded Annualised Growth Rate).

47 Kotak Flexi Debt Fund - Plan A - Growth

Scheme Crisil Composite Bond CRISIL 1 Year T-Bill Current Value of Standard Investment of 10000 in the Returns^ Fund # ## ` Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 8.45 7.84 6.47 19,296 18,429 16,621

Jun 30, 2015 To Jun 30, 2016 10.53 10.19 7.67

Jun 30, 2014 To Jun 30, 2015 8.25 11.10 8.54 NA

Jun 30, 2013 To Jun 30, 2014 8.79 4.55 5.89

N.A stands for data not available. Note: Point to Point (PTP) Returns in INR show the value of `10,000/- investment made at inception. Source: ICRA MFI Explorer. For Additional Benchmark (Debt Schemes): classification of schemes in short term & long term is based on the average maturity of the scheme. # Name of Scheme Benchmark. ## Name of Additional Benchmark. ^ Past performance may or may not be sustained in the future. All payouts during the period have been reinvested in the units of the scheme at the then prevailingNAV. Returns <= 1 year: Absolute; Returns > 1 year: CAGR (Compounded Annualised Growth Rate).

Kotak Income Opportunities Fund - Growth

Scheme Crisil Short Term Bond CRISIL 1 Year TBill Current Value of Standard Investment of ` 10000 in the Returns^ Fund # ## Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 8.64 8.39 6.87 16,641 16,400 15,040

Jun 30, 2015 To Jun 30, 2016 9.32 8.94 7.67

Jun 30, 2014 To Jun 30, 2015 9.62 9.56 8.54 NA

Jun 30, 2013 To Jun 30, 2014 8.43 8.76 5.89

N.A stands for data not available. Note: Point to Point (PTP) Returns in INR show the value of `10,000/- investment made at inception. Source: ICRA MFI Explorer. For Additional Benchmark (Debt Schemes): classification of schemes in short term & long term is based on the average maturity of the scheme. # Name of Scheme Benchmark. ## Name of Additional Benchmark. ^Past performance may or may not be sustained in future. All payouts during the period have been reinvested in the units of the scheme at the then prevailingNAV. Returns <= 1 year: Absolute; Returns > 1 year: CAGR (Compounded Annualised Growth Rate).

Kotak Corporate Bond Fund - Growth

Scheme Crisil Composite Bond CRISIL 1 Year Gilt Current Value of Standard Investment of 10000 in the Returns ^ Fund # ## ` Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 8.19 7.74 6.42 19,966 19,248 17,274

Jun 30, 2015 To Jun 30, 2016 8.40 10.19 7.67

Jun 30, 2014 To Jun 30, 2015 12.85 11.10 8.54 NA

Jun 30, 2013 To Jun 30, 2014 3.29 4.55 5.89

N.A stands for data not available. Note: Point to Point (PTP) Returns in INR show the value of `10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. ^Past performance may or may not be sustained in future. All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns <= 1 year: Absolute; Returns > 1 year: CAGR (Compounded Annualised Growth Rate).

Kotak Medium Term Fund - Growth

Scheme CRISIL Composite CRISIL 10 Year Gilt Current Value of Standard Investment of 10000 in the Returns ^ Bond Fund # ## ` Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 10.22 11.21 10.82 12,460 12,714 12,613

Jun 30, 2015 To Jun 30, 2016 9.56 10.19 10.03

Jun 30, 2014 To Jun 30, 2015 10.20 11.10 11.76 NA

N.A stands for data not available. Note: Point to Point (PTP) Returns in INR show the value of `10,000/- investment made at inception. Source: ICRA MFI Explorer. For Additional Benchmark (Debt Schemes): classification of schemes in short term & long term is based on the average maturity of the scheme. # Name of Scheme Benchmark. ## Name of Additional Benchmark. ^ Past performance may or may not be sustained in the future. All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns <= 1 year: Absolute; Returns > 1 year: CAGR (Compounded Annualised Growth Rate).

48 Kotak Bond - Plan A - Growth

Scheme Crisil Composite Bond CRISIL 10 Year Gilt Current Value of Standard Investment of 10000 in the Returns^ Fund # ## ` Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 9.21 #N/A #N/A 43,188 #N/A #N/A

Jun 30, 2015 To Jun 30, 2016 9.55 10.19 10.03

Jun 30, 2014 To Jun 30, 2015 9.75 11.10 11.76 NA

Jun 30, 2013 To Jun 30, 2014 1.80 4.55 -2.51

N.A stands for data not available. Note: Point to Point (PTP) Returns in INR show the value of `10,000/- investment made at inception. Source: ICRA MFI Explorer. For Additional Benchmark (Debt Schemes): classification of schemes in short term & long term is based on the average maturity of the scheme. # Name of Scheme Benchmark. ## Name of Additional Benchmark. ^ Past performance may or may not be sustained in the future. All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns <= 1 year: Absolute; Returns > 1 year: CAGR (Compounded Annualised Growth Rate).

Kotak Gilt - Investment Regular Plan - Growth

Scheme ISEC Composite CRISIL 10 Year Gilt Current Value of Standard Investment of 10000 in the Returns^ # ## ` Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 9.88 NA NA 52,066 NA NA

Jun 30, 2015 To Jun 30, 2016 10.33 10.81 10.03

Jun 30, 2014 To Jun 30, 2015 11.24 11.70 11.76 NA

Jun 30, 2013 To Jun 30, 2014 -0.67 4.07 -2.51

Kotak Gilt Investment PF & Trust Plan - Growth

Scheme ISEC Composite CRISIL 10 Year Gilt Current Value of Standard Investment of ` 10000 in the Returns^ # ## Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 7.39 7.33 5.29 24,627 24,449 19,180

Jun 30, 2015 To Jun 30, 2016 10.46 10.81 10.03

Jun 30, 2014 To Jun 30, 2015 11.24 11.70 11.76 NA

Jun 30, 2013 To Jun 30, 2014 -0.57 4.07 -2.51

N.A stands for data not available. Note: Point to Point (PTP) Returns in INR show the value of `10,000/- investment made at inception. Source: ICRA MFI Explorer. For Additional Benchmark (Debt Schemes): classification of schemes in short term & long term is based on the average maturity of the scheme. # Name of Scheme Benchmark. ## Name of Additional Benchmark. ^ Past performance may or may not be sustained in the future. All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns <= 1 year: Absolute; Returns > 1 year: CAGR (Compounded Annualised Growth Rate).

Kotak Monthly Income Plan - Growth

Scheme Crisil MIP Blended CRISIL 10 Year Gilt Current Value of Standard Investment of 10000 in the Returns ^ # ## ` Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 7.69 7.96 5.37 25,422 26,213 19,315

Jun 30, 2015 To Jun 30, 2016 9.52 8.63 10.03

Jun 30, 2014 To Jun 30, 2015 11.27 11.05 11.76 NA

Jun 30, 2013 To Jun 30, 2014 11.71 8.24 -2.51

N.A stands for data not available. Note: Point to Point (PTP) Returns in INR show the value of `10,000/- investment made at inception. Source: ICRA MFI Explorer. For Additional Benchmark (Debt Schemes): classification of schemes in short term& long term is based on the average maturity of the scheme. # Name of Scheme Benchmark. ## Name of Additional Benchmark. ^ Past performance may or may not be sustained in the future. All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns <= 1 year: Absolute; Returns > 1 year: CAGR (Compounded Annualised Growth Rate).

49 Kotak Multi Asset Allocation Fund - Growth

Scheme 75% Crisil Short term CRISIL 10 Year Gilt Bond Fund ,15% Current Value of Standard Investment of ` 10000 in the Returns ^ ## Nifty 50 & 10% Prices of Gold # Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 7.97 9.02 7.22 15,182 16,001 14,612

Jun 30, 2015 To Jun 30, 2016 6.65 8.72 10.03

Jun 30, 2014 To Jun 30, 2015 7.46 8.32 11.76 NA

Jun 30, 2013 To Jun 30, 2014 8.07 12.38 -2.51

N.A stands for data not available. Note: Point to Point (PTP) Returns in INR show the value of `10,000/- investment made at inception. Source: ICRA MFI Explorer. #Name of Scheme Benchmark. ## Name of Additional Benchmark. ^Past performance may or may not be sustained in future. All payouts during the period have been reinvested in the units of the scheme at the then prevailingNAV. Returns <= 1 year: Absolute; Returns > 1 year: CAGR (Compounded Annualised Growth Rate).

Kotak US Equity Fund - Growth

Scheme Standard & Poors 500 Nifty 50 Total Return Net Current Value of Standard Investment of ` 10000 in the Returns ^ ## # Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 7.54 11.84 11.63 12,019 13,271 13,209

Jun 30, 2015 To Jun 30, 2016 3.59 10.39 -0.96

Jun 30, 2014 To Jun 30, 2015 11.31 13.81 9.95 NA

N.A stands for data not available. Note: Point to Point (PTP) Returns in INR show the value of `10,000/- investment made at inception. Source: ICRA MFI Explorer. #Name of Scheme Benchmark. ## Name of Additional Benchmark. ^Past performance may or may not be sustained in future. All payouts during the period have been reinvested in the units of the scheme at the then prevailingNAV. Returns <= 1 year: Absolute; Returns > 1 year: CAGR (Compounded Annualised Growth Rate).

Kotak World Gold Fund - Growth

Financial Times Scheme Nifty 50 Gold Mines Total-Price Current Value of Standard Investment of ` 10000 in the Returns ^ # ## Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 2.08 0.83 7.49 11,808 10,689 17,909

Jun 30, 2015 To Jun 30, 2016 54.51 80.36 -0.96

Jun 30, 2014 To Jun 30, 2015 -32.05 -25.98 9.95 NA

Jun 30, 2013 To Jun 30, 2014 31.39 12.52 30.28

N.A stands for data not available. Note: Point to Point (PTP) Returns in INR show the value of `10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. ^Past performance may or may not be sustained in future. All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns <= 1 year: Absolute; Returns > 1 year: CAGR (Compounded Annualised Growth Rate).

Kotak Gold ETF

Scheme Physical Gold Price CRISIL 10 Year Gilt Current Value of Standard Investment of ` 10000 in the Returns^ # ## Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 14.15 15.52 6.77 32,610 36,279 17,951

Jun 30, 2015 To Jun 30, 2016 17.67 18.96 10.03

Jun 30, 2014 To Jun 30, 2015 -5.60 -4.55 11.76 NA

Jun 30, 2013 To Jun 30, 2014 9.64 10.96 -2.51

N.A stands for data not available. Note: Point to Point (PTP) Returns in INR show the value of `10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. ^ Past performance may or may not be sustained in the future. All payouts during the period have been reinvested in the units of the scheme at the then prevailingNAV. Returns <= 1 year: Absolute; Returns > 1 year: CAGR (Compounded Annualised Growth Rate).

50 Kotak Nifty ETF

Scheme Nifty 50 S&P BSE Sensex Current Value of Standard Investment of 10000 in the Returns ^ # ## ` Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 10.21 9.06 8.60 18,617 17,410 16,943

Jun 30, 2015 To Jun 30, 2016 0.41 -0.96 -2.81

Jun 30, 2014 To Jun 30, 2015 11.18 9.95 9.31 NA

Jun 30, 2013 To Jun 30, 2014 31.49 30.28 31.03

N.A stands for data not available. Note: Point to Point (PTP) Returns in INR show the value of `10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. ^ Past performance may or may not be sustained in the future. All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns <= 1 year: Absolute; Returns > 1 year: CAGR (Compounded Annualised Growth Rate).

Kotak SENSEX ETF

Scheme S&P BSE Nifty 50 ## Current Value of Standard Investment of 10000 in the Returns^ Sensex # ` Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 8.17 7.06 7.49 18,850 17,338 17,909

Jun 30, 2015 To Jun 30, 2016 -1.53 -2.81 -0.96

Jun 30, 2014 To Jun 30, 2015 10.48 9.31 9.95 NA

Jun 30, 2013 To Jun 30, 2014 32.14 31.03 30.28

N.A stands for data not available. Note: Point to Point (PTP) Returns in INR show the value of `10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of Scheme Benchmark. ## Name of Additional Benchmark. ^ Past performance may or may not be sustained in the future. All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns <= 1 year: Absolute; Returns > 1 year: CAGR (Compounded Annualised Growth Rate).

Kotak PSU Bank ETF

Scheme Nifty PSU Bank Nifty 50 Current Value of Standard Investment of ` 10000 in the Returns^ # ## Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 1.37 -0.66 4.43 11,246 9,443 14,543

Jun 30, 2015 To Jun 30, 2016 -15.27 -15.59 -0.96

Jun 30, 2014 To Jun 30, 2015 -15.74 -16.71 9.95 NA

Jun 30, 2013 To Jun 30, 2014 43.74 41.25 30.28

N.A stands for data not available. Note: Point to Point (PTP) Returns in INR show the value of `10,000/- investment made at inception. Source: ICRA MFI Explorer # Name of Scheme Benchmark. ## Name of Additional Benchmark. ^ Past performance may or may not be sustained in the future. All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns <= 1 year: Absolute; Returns > 1 year: CAGR (Compounded Annualised Growth Rate).

Kotak Global Emerging Equity Market Fund

Scheme MSCI Emerging Nifty 50 Current Value of Standard Investment of ` 10000 in the Returns^ Market Index # ## Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 2.85 2.11 6.08 12,797 12,012 16,775

Jun 30, 2015 To Jun 30, 2016 -14.43 -8.93 -0.96

Jun 30, 2014 To Jun 30, 2015 3.60 -1.98 9.95 NA

Jun 30, 2013 To Jun 30, 2014 15.67 12.51 30.28

N.A stands for data not available. Note: Point to Point (PTP) Returns in INR show the value of `10,000/- investment made at inception. Source: ICRA MFI Explorer # Name of Scheme Benchmark. ## Name of Additional Benchmark. ^ Past performance may or may not be sustained in the future. All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns <= 1 year: Absolute; Returns > 1 year: CAGR (Compounded Annualised Growth Rate).

51 Kotak Asset Allocator Fund - Growth

Scheme CRISIL Balanced S&P BSE Current Value of Standard Investment of ` 10000 in the Returns ^ Fund # SENSEX ## Additional Scheme (`) Benchmark #(`) Benchmark # # (`)

Since Inception till June 30, 2016 16.94 12.09 14.79 64,399 38,875 51,593

Jun 30, 2015 To Jun 30, 2016 8.56 4.82 -2.81

Jun 30, 2014 To Jun 30, 2015 12.64 8.78 9.31 NA

Jun 30, 2013 To Jun 30, 2014 43.61 20.99 31.03

N.A stands for data not available. Note: Point to Point (PTP) Returns in INR show the value of `10,000/- investment made at inception. Source: ICRA MFI Explorer # Name of Scheme Benchmark. ## Name of Additional Benchmark. ^ Past performance may or may not be sustained in the future. All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns <= 1 year: Absolute; Returns > 1 year: CAGR (Compounded Annualised Growth Rate). Kotak Banking ETF

Scheme Nifty Bank # Nifty 50## Current Value of Standard Investment of 10000 in the Returns ^ ` Additional Scheme (`) Benchmark #(`) Benchmark ## (`)

Since Inception till June 30, 2016 -0.89 -1.85 -0.52 9,862 9,714 9,919

Jun 30, 2015 To Jun 30, 2016 -1.04 -1.97 -0.96 NA

N.A stands for data not available. Note: Point to Point (PTP) Returns in INR show the value of `10,000/- investment made at inception. Source: ICRA MFI Explorer # Name of Scheme Benchmark. ## Name of Additional Benchmark. ^ Past performance may or may not be sustained in the future. All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns <= 1 year: Absolute; Returns > 1 year: CAGR (Compounded Annualised Growth Rate).

Kotak Equity Savings Fund - Growth

Scheme 75% Crisil Liquid Fund Nifty 50 ## Current Value of Standard Investment of 10000 in the Returns ^ Index & 25% Nifty 50 # ` Additional Scheme (`) Benchmark #(`) Benchmark ## (`)

Since Inception till June 30, 2016 7.54 5.39 2.95 11,327 10,942 10,512

Jun 30, 2015 To Jun 30, 2016 5.48 3.10 -0.96 NA

N.A stands for data not available. Note: Point to Point (PTP) Returns in INR show the value of `10,000/- investment made at inception. Source: ICRA MFI Explorer # Name of Scheme Benchmark. ## Name of Additional Benchmark. ^ Past performance may or may not be sustained in the future. All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns <= 1 year: Absolute; Returns > 1 year: CAGR (Compounded Annualised Growth Rate).

Kotak India Growth Fund - Series I - Regular Plan - Growth

Scheme Nifty 200 # (%) Nifty 50 # # (%) Current Value of Standard Investment of 10000 in the Returns ^ ` Additional Scheme (`) Benchmark #(`) Benchmark ## (`)

Since Inception till June 30, 2016 6.45 2.95 2.04 10,748 10,341 10,236

Jun 30, 2015 To Jun 30, 2016 4.60 0.04 -0.96 NA

N.A stands for data not available. Note: Point to Point (PTP) Returns in INR show the value of `10,000/- investment made at inception. Source: ICRA MFI Explorer # Name of Scheme Benchmark. ## Name of Additional Benchmark. ^ Past performance may or may not be sustained in the future. All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns <= 1 year: Absolute; Returns > 1 year: CAGR (Compounded Annualised Growth Rate).

OTHER PERFORMANCE 52 FMP's and Gold Fund Performance as on June 30, 2016 Kotak FMP Series 108 - (733D) - Regular Plan - Growth

Scheme Crisil Short Term CRISIL 1 Year Current Value of Standard Investment of 10000 in the Returns ^ Bond Fund # T-Bill ## ` Additional Scheme (`) Benchmark #(`) Benchmark ## (`)

Since Inception till June 30, 2016 9.16 9.68 8.19 12,892 13,072 12,563

Jun 30, 2015 To Jun 30, 2016 7.78 8.94 7.67

Jun 30, 2014 To Jun 30, 2015 9.09 9.56 8.54 NA

Kotak FMP Series 153 - (790D) - Regular Plan - Growth

Scheme Crisil Short Term CRISIL 1 Year Current Value of Standard Investment of 10000 in the Returns (%) ^ Bond Fund # T-Bill ## ` Additional Scheme (`) Benchmark #(`) Benchmark ## (`)

Since Inception till June 30, 2016 9.14 9.35 8.13 12,185 12,239 11,931

Jun 30, 2015 To Jun 30, 2016 7.69 8.94 7.67

Jun 30, 2014 To Jun 30, 2015 9.82 9.56 8.54 NA

Kotak FMP Series 172 - (1126D) - Regular Plan - Growth

Scheme Crisil Short Term CRISIL 1 Year Current Value of Standard Investment of 10000 in the Returns (%) ^ Bond Fund # T-Bill ## ` Additional Scheme (`) Benchmark #(`) Benchmark ## (`)

Since Inception till June 30, 2016 13.34 11.26 10.38 11,714 11,443 11,328

Jun 30, 2015 To Jun 30, 2016 10.41 10.19 10.03 NA

Kotak FMP Series 129 - (371D) - Reg - Growth

Scheme Crisil Short Term CRISIL 1 Year Current Value of Standard Investment of 10000 in the Returns (%) ^ Bond Fund # T-Bill ## ` Additional Scheme (`) Benchmark #(`) Benchmark ## (`)

Since Inception till June 30, 2016 8.33 9.49 8.18 12,254 12,589 12,210

Jun 30, 2015 To Jun 30, 2016 7.67 8.94 7.67

Jun 30, 2014 To Jun 30, 2015 8.74 9.56 8.54 NA

Kotak Gold Fund

Scheme Physical Gold CRISIL 10 Year Current Value of Standard Investment of 10000 in the Returns ^ Price # Gilt ## ` Additional Scheme (`) Benchmark #(`) Benchmark ## (`)

Since Inception till June 30, 2016 5.18 8.24 6.95 13,050 15,178 14,253

Jun 30, 2015 To Jun 30, 2016 13.48 18.96 10.03

Jun 30, 2014 To Jun 30, 2015 -8.79 -4.55 11.76 NA

Jun 30, 2013 To Jun 30, 2014 9.37 10.96 -2.51

N.A stands for data not available. Past Performance may or may not be sustained in future. Note: Point to Point (PTP) Returns in INR show the value of `10,000/- investment made at inception. Source: ICRA MFI Explorer. For Additional Benchmark (Debt Schemes): classification of schemes in short term & long term is based on the average maturity of the scheme. # Name of Scheme Benchmark ## Name of Additional Benchmark ^ Past performance may or may not be sustained in the future All payouts during the period have been reinvested in the units the scheme at the then prevailingNAV. Returns <= 1 year:Absolute; Returns > 1 year:CAGR(CompoundedAnnualised Growth Rate). OTHER PERFORMANCE 53 ABOUT OUR FUND MANAGERS

Name: Mr. Harsha Upadhyaya Scheme (experience in managing these funds since) Kotak Opportunities (Aug 1, 12), Kotak Select Focus Fund (Aug 1, 12), Kotak Tax Saver (Aug. 25,'15) Business Experience Mr. Harsha has nearly two decades of rich experience spread over Equity Research and Fund Management. His prior stints have been with companies such as DSP BlackRock, UTI Asset Management, Reliance Group and SG Asia Securities. Mr. Harsha is a Bachelor of Engineering (Mechanical) from National Institute of Technology, Suratkal, a Post Graduate in Management (Finance) from Indian Institute of Management, Lucknow and Chartered Financial Analyst from the CFA Institute.

Name: Mr. Harish Krishnan Scheme (experience in managing these funds since) Kotak 50 (Nov. 15, 13), Kotak Infrastructure & Economic Reform Fund (Jan31,'15), Kotak Classic Equity (Aug. 25,'15), Kotak India Growth Fund Series I (May 06, 15) Business Experience Mr. Harish has a decade of experience spread over Equity Research and Fund Management. Prior to joining Kotak Mutual Fund, he was based out of Singapore and Dubai, managing Kotak's offshore funds. Mr. Harish has also worked at Infosys Technologies Ltd in his earlier stint. He is a Bachelor of Technology (Electronics & Communications) from Government Engineering College, Trichur, a post Graduate in Management from Indian Institute of Management, Kozhikode and a Chartered Financial Analyst from the CFA Institute.

Name: Mr. Pankaj Tibrewal Scheme (experience in managing these funds since) Kotak Midcap (Jan. 21,10) , Kotak Emerging Equity (May 27,'10), Kotak Balance (Aug. 25,'15) Business Experience Mr. Pankaj is a graduate in Commerce from St. Xavier's College, Kolkata and holds a Master's degree in Finance from Manchester University. He has been associated with the mutual fund industry since 2003 where he has managed several debt and equity schemes. He has been a part of the organization since January 2010. Mr. Pankaj's earlier stint was with Principal Mutual Fund.

Name: Mr. Deepak Gupta Scheme (experience in managing these funds since) Kotak Equity Arbitrage (Sept.1,08), Kotak Asset Allocator Fund (Earlier Know as Kotak Equity FOF) (Sept.1,08), Kotak Global Emerging Market Fund (Apr.4,11), (Dedicated fund manager for over seas investment), Kotak Balance (Aug. 25,'15), Kotak Multi Asset Allocation Fund (Sept.10,13), Kotak Equity Savings Fund (Oct. 13, '14), Kotak World Gold Fund (Jan.31,15), Kotak US Equity Fund (Jan.31,15), Kotak PSU Bank ETF (Nov. 8, 07), Kotak SENSEX ETF (Jun. 6, 08), Kotak NIFTY ETF (Feb. 8, 10), Kotak Banking ETF (Dec. 11, 14) Business Experience Mr. Deepak has almost 10 years of experience in the mutual fund industry. He had joined the Equity Fund Management team as a research analyst. He is now an Equity Fund Manager. Mr. Deepak is a Graduate in Commerce from Mumbai University. He is a qualified Chartered Accountant, a Cost Accountant and has cleared the AIMR CFA Level 3.

Performance of top 3 and bottom 3 schemes of the Fund Manager Fund Manager Mr. Deepak Gupta Refer Page No. Kotak Asset Allocator Fund - Growth 35 Top 3 Kotak Multi Asset Allocation Fund - Growth 33 Kotak Equity Arbitrage Fund - Growth 14 Kotak Sensex ETF 41 Bottom 3 Kotak Global Emerging Market Fund - Growth 37 Kotak PSU Bank ETF 43

54 Name: Mr. Abhishek Bisen Scheme (experience in managing these funds since) Kotak Balance (Apr. 15, 2008), Kotak Monthly Income Plan (Apr. 15, 08), Kotak Bond (Plan A) (Apr 15, 2008), Kotak Gilt Investment (Regular & PF-Trust) (Apr. 15, 08), Kotak Global Emerging Market Fund (Apr. 15, 08), Kotak Multi Asset Allocation Fund (Jan. 21, 11), Kotak Equity Savings Fund (Oct. 13, '14), Kotak Gold ETF (Jul. 27, 07), Kotak Gold Fund (Mar. 25, '11) Business Experience Mr. Abhishek has been associated with the company since October 2006 and his key responsibilities include fund management of debt schemes. Prior to joining Kotak AMC, Me, Abhishek was working with Securities Trading Corporation Of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. He has been awarded twice as one of the Highly Commended Investors in Indian Rupees Bonds from the Asset magazine Hong Kong. His educational background is B.A (Management) and MBA (Finance).

Performance of top 3 and bottom 3 schemes of the Fund Manager

Fund Manager Mr. Abhishek Bisen Refer Page No. Kotak Gold Fund - Growth 53 Top 3 Kotak Gilt - Investment - PF and Trust - Growth 31 Kotak Gilt - Investment - Regular - Growth 31 Kotak Equity Savings Fund - Growth 17 Bottom 3 Kotak Balance - Dividend 13 Kotak Global Emerging Market Fund - Growth 37

Name: Mr. Deepak Agrawal Scheme (experience in managing these funds since) (Kotak Bond Short Term (Apr. 14, 08), Kotak Flexi Debt (Jul. 11, 07), Kotak Floater Short Term (Jul. 11, 07), Kotak Liquid (Jul. 11, 07), Kotak Kotak Banking and PSU Debt Fund (Apr. 14, 08), Kotak Treasury Advantage Fund (Formerly Known as Kotak Floater Long Term Scheme) (Jul. 11, 07), Kotak Income Opportunities Fund (May 11, '10), Kotak Medium Term Fund (Mar. 21, 14), Kotak Low Duration Fund (Jan. 31, 15), Kotak Corporate Bond Fund (Jan. 31, 15), All Fix Maturity Plans in existence (Aug. 13,'15), All Quarterly Interval Plans (QIPs) (Aug. 13,'15) Business Experience Mr. Deepak's career has started from Kotak AMC when he joined the organization in December 2002 where he was initially in Research, Dealing and then moved into Fund Management from November 2006. Mr. Deepak is a Post Graduate in Commerce, Chartered Account and Company Secretary.

Performance of top 3 and bottom 3 schemes of the Fund Manager

Fund Manager Mr. Deepak Agrawal Refer Page No. Kotak FMP Series 172 - (1126D) - Regular Plan - Growth 53 Top 3 Kotak Medium Term Fund - Regular Plan - Growth 29 Kotak Income Opportunities Fund - Growth 27 Kotak FMP Series 108 - (733D) - Regular Plan - Growth 53 Bottom 3 Kotak FMP Series 153 - (790D) - Regular Plan - Growth 53 Kotak FMP Series 129 - (371D) - Regular Plan - Growth 53

Name: Mr. Devender Singhal Scheme (experience in managing these funds since) Kotak Monthly Income Plan (Aug. 25,15) Business Experience Mr. Devender has been associated with the Kotak Group since July 2007. He is responsible for the research coverage of FMCG, Automobiles and Media sectors at Kotak AMC since Feb 2009. Devender has an overall working experience of 14 years in equity research and fund management. Prior to joining Kotak AMC, Devender worked with the PMS divisions of Kotak, Religare, Karvy and P N Vijay Financial Services.

55 DIVIDEND HISTORY

Equity Schemes Kotak Equity Saving Fund - Monthly Dividend Option Kotak Equity Arbitrage Fund Record Date Cum Dividend NAV `/Unit Record Date Cum Dividend NAV `/Unit Jun-13-16 10.4812 0.042 Jun-27-16 10.7883 0.0612 May-12-16 10.4214 0.040 May-23-16 10.7750 0.0479 Apr-12-16 10.3242 0.020 Apr-25-16 10.7893 0.0622 Kotak Equity Arbitrage Fund - Bimonthly Dividend Kotak Equity Saving Fund - Quarterly Dividend Record Date Cum Dividend NAV `/Unit Record Date Cum Dividend NAV `/Unit Jun-20-16 10.5437 0.125 May-23-16 20.1289 0.1782 Mar-21-16 10.3526 0.1200 Mar-28-16 20.1492 0.2254 Dec-21-15 10.4600 0.1500 Jan-25-16 19.9418 0.2207

Kotak 50 - Dividend Record Date Cum Dividend NAV `/Unit Kotak Infrastructure and Economic Reform Record Date Cum Dividend NAV `/Unit Jun-15-16 36.692 1.40 Jun-23-15 15.260 0.50 Jun-29-15 44.732 11.00 Dec-12-14 42.959 1.00 Hybrid Schemes Kotak Classic Equity Kotak Balance Record Date Cum Dividend NAV `/Unit Record Date Cum Dividend NAV `/Unit Nov-20-15 18.450 0.50 Jun-27-16 15.086 0.08 Jul-25-14 18.227 1.00 May-25-16 14.718 0.07 Jan-23-14 19.202 4.30 Apr-25-16 14.774 0.07 Kotak Opportunities Kotak Monthly Income Plan - Monthly Dividend Record Date Cum Dividend NAV `/Unit Record Date Cum Dividend NAV `/Unit Aug-28-15 24.388 1.60 Jun-13-16 12.3128 Individual/ HUF: 0.0580 Aug-25-14 21.411 1.00 Others: 0.0538 Nov-11-11 13.862 0.50 May-12-16 12.3010 Individual/ HUF: 0.0542 Others: 0.0502 Kotak Midcap Apr-12-16 12.2418 Individual/ HUF: 0.0476 Others: 0.0441 Record Date Cum Dividend NAV `/Unit Kotak Monthly Income Plan - Quarterly Dividend Feb-23-16 26.770 1.00 Record Date Cum Dividend NAV `/Unit Feb-27-15 30.866 1.00 Feb-28-14 17.731 1.00 Jun-20-16 13.4497 Individual/ HUF: 0.1183 Others: 0.1096 Mar-21-16 13.0923 Individual/ HUF: 0.1072 Kotak Tax Saver Others: 0.0993 Record Date Cum Dividend NAV `/Unit Dec-21-15 13.0660 Individual/ HUF: 0.1187 Others: 0.1100 Mar-22-16 16.266 0.650 Jan-21-16 16.113 0.70 ETF SCHEMES Dec-30-14 17.542 0.10 Kotak PSU Bank ETF Record Date Cum Dividend NAV `/Unit Kotak Emerging Equity Nov-21-14 428.2343 19.00 Record Date Cum Dividend NAV `/Unit Feb-21-13 358.8668 0.20 May-27-16 21.196 1.30 Kotak SENSEX ETF Apr-28-15 21.499 2.10 Record Date Cum Dividend NAV `/Unit May-02-14 13.073 0.50 Nov-21-14 290.4602 6.00 June-18-13 201.3164 7.00 Kotak Nifty ETF Kotak Asset Allocator Fund (Earlier Know as Kotak Equity FOF) Record Date Cum Dividend NAV `/Unit Record Date Cum Dividend NAV `/Unit May-06-16 785.7880 11.00 Nov-21-14 858.2720 9.50 Aug-30-10 37.774 Individual/ HUF: 0.878 Jan-21-14 643.6753 11.00 Others: 0.819 DEBT SCHEMES Kotak Select Focus Kotak Bond Plan A-Quarterly Dividend Record Date Cum Dividend NAV `/Unit Record Date Cum Dividend NAV `/Unit Oct-12-15 17.739 1.00 Jun-20-16 11.243 Individual/ HUF: 0.1422 Sept-26-14 17.791 1.00 Others: 0.1317 Oct-15-10 12.850 1.25 Mar-21-16 11.137 Individual/ HUF: 0.0801 Others: 0.0742 Sep-21-15 10.9939 Individual/ HUF: 0.1423 Others: 0.1318

5654 Debt Schemes Debt Schemes Kotak Bond Plan A-Annual Dividend Kotak Flexi Debt Plan A-Quarterly Dividend Record Date Cum Dividend NAV `/Unit Record Date Cum Dividend NAV `/Unit Mar-20-14 21.2977 Individual/ HUF: 0.2158 Sep-21-15 11.1133 Individual/ HUF: 0.1835 Others: 0.2067 Others: 0.1700 Mar-20-13 22.5941 Individual/ HUF: 1.4008 Jun-22-15 11.4334 Individual/ HUF: 0.4485 Others: 1.2006 Others: 0.4155 Mar-20-14 11.2467 Individual/ HUF: 0.6366 Others: 0.6097 Kotak Bond Short Term - Monthly Dividend Kotak Corporate Bond Fund-Standard Monthly Dividend Record Date Cum Dividend NAV `/Unit Record Date Cum Dividend NAV `/Unit Jun-13-16 10.1625 Individual/ HUF: 0.0421 Jun-13-16 1044.1354 Individual/ HUF: 4.5914 Others: 0.0390 Others: 4.2538 May-12-16 10.1506 Individual/ HUF: 0.0335 May-12-16 1042.2655 Individual/ HUF: 3.2408 Others: 0.0310 Others: 3.0026 Apr-12-16 10.2583 Individual/ HUF: 0.1113 Apr-12-16 1052.1906 Individual/ HUF: 10.4094 Others: 0.1031 Others: 9.6441 Kotak Bond Short Term-Half Yearly Dividend Kotak Corporate Bond Fund-Retail Monthly Dividend Record Date Cum Dividend NAV `/Unit Record Date Cum Dividend NAV `/Unit Sep-21-15 11.519 Individual/ HUF: 0.4471 Jun-20-16 1049.2345 Individual/ HUF: 14.2276 Others: 0.4142 Others: 13.1816 Dec-30-14 11.1187 Individual/ HUF: 0.1759 Dec-21-15 1051.6449 Individual/ HUF: 15.9685 Others: 0.1631 Others: 14.7945 Sep-22-14 10.8686 Individual/ HUF: 0.0519 Sep-21-15 1059.8596 Individual/ HUF: 21.9017 Others: 0.0497 Others: 20.2915 Kotak Income Opportunities Fund-Annual Dividend Kotak Corporate Bond Fund-Standard Quarterly Dividend Record Date Cum Dividend NAV `/Unit Record Date Cum Dividend NAV `/Unit Mar-14-16 11.0308 Individual/ HUF: 0.6162 Jun-20-15 1065.2512 Individual/ HUF: 14.264 Others: 0.5709 Others: 13.2154 Mar-20-15 11.2454 Individual/ HUF: 0.7911 Mar-21-15 1060.944 Individual/ HUF: 11.6905 Others: 0.7337 Others: 10.8311 Mar-20-14 10.8769 Individual/ HUF: 0.5735 Dec-21-15 1060.3578 Individual/ HUF: 15.4654 Others: 0.5492 Others: 14.3284

Kotak Income Opportunities Fund-Monthly Dividend Kotak Gilt Investment Regular Plan-Dividend Record Date Cum Dividend NAV `/Unit Record Date Cum Dividend NAV `/Unit Jun-13-16 10.2439 Individual/ HUF: 0.0535 Jun-20-16 12.6955 Individual/ HUF: 0.1658 Others: 0.0496 Others: 0.1536 May-12-16 10.2090 Individual/ HUF: 0.0283 Dec-21-15 12.0806 Individual/ HUF: 0.0059 Others: 0.0262 Others: 0.0054 Apr-12-16 10.3146 Individual/ HUF: 0.1046 Sep-21-15 12.2955 Individual/ HUF: 0.1703 Others: 0.0969 Others: 0.1578

Kotak Income Opportunities Fund-Quarterly Dividend Kotak Gilt Investment Provident Fund and Trust Plan-Dividend Record Date Cum Dividend NAV `/Unit Record Date Cum Dividend NAV `/Unit Jun-20-16 10.8391 Individual/ HUF: 0.1543 Jun-20-16 12.0397 Individual/ HUF: 0.1571 Others: 0.143 Others: 0.1456 Mar-21-16 10.7923 Individual/ HUF: 0.1289 Mar-21-16 11.9228 Individual/ HUF: 0.0945 Others: 0.1195 Others: 0.0875 Dec-21-15 10.6233 Individual/ HUF: 0.0486 Dec-21-15 11.5420 Individual/ HUF: 0.0080 Others: 0.0451 Others: 0.0074

Kotak Floater Short Term-Monthly Dividend Kotak Banking and PSU Debt Fund-Monthly Dividend Record Date Cum Dividend NAV `/Unit Record Date Cum Dividend NAV `/Unit Jun-13-16 1008.1137 Individual/ HUF: 4.8924 Jun-13-16 10.7064 Individual/ HUF: 0.0515 Others: 4.5327 Others: 0.0477 May-12-16 1007.9172 Individual/ HUF: 4.7504 May-12-16 10.6965 Individual/ HUF: 0.0444 Others: 4.4012 Others: 0.0411 Apr-12-16 1008.7548 Individual/ HUF: 5.3554 Apr-12-16 10.7441 Individual/ HUF: 0.0787 Others: 4.9617 Others: 0.0730

Kotak Treasury Advantage Fund-Monthly Dividend Kotak Banking and PSU Debt Fund-Annual Dividend Record Date Cum Dividend NAV `/Unit Record Date Cum Dividend NAV `/Unit Jun-13-16 10.1675 Individual/ HUF: 0.0503 Mar-14-16 16.6687 Individual/ HUF: 0.8840 Others: 0.0466 Others: 0.8190 May-12-16 10.1535 Individual/ HUF: 0.0402 Mar-20-15 16.7914 Individual/ HUF: 0.9986 Others: 0.0372 Others: 0.9261 Apr-12-16 10.1752 Individual/ HUF: 0.0559 Mar-20-14 16.895 Individual/ HUF: 1.1759 Others: 0.0517 Others: 1.1262

57 Debt Schemes Debt Schemes Kotak Low Duration Fund-Retail Monthly Dividend Kotak Multi Asset Allocation Fund-Monthly Dividend Record Date Cum Dividend NAV `/Unit Record Date Cum Dividend NAV `/Unit Jun-20-15 1034.7615 Individual/ HUF: 16.717 Jun-12-15 11.8504 Individual/ HUF: 0.0288 Others: 15.488 Others: 0.0267 Dec-21-15 1033.8774 Individual/ HUF: 16.0784 Apr-13-15 12.2623 Individual/ HUF: 0.0612 Others: 14.8964 Others: 0.0567 Sep-21-15 1049.8616 Individual/ HUF: 27.6232 Mar-12-15 12.1696 Individual/ HUF: 0.0476 Others: 25.5924 Others: 0.0442 Kotak Low Duration Fund-Standard Monthly Dividend Kotak Multi Asset Allocation Fund-Quarterly Dividend Record Date Cum Dividend NAV `/Unit Record Date Cum Dividend NAV `/Unit Jun-20-16 11.9766 Individual/ HUF: 0.1065 Jun-13-16 1025.6316 Individual/ HUF: 5.6637 Others: 0.0987 Others: 5.2473 Mar-21-16 11.7975 Individual/ HUF: 0.1053 May-12-16 1023.9267 Individual/ HUF: 4.4323 Others: 0.0976 Others: 4.1065 Dec-21-15 11.6683 Individual/ HUF: 0.1076 Apr-12-16 1027.7278 Individual/ HUF: 7.1777 Others: 0.0997 Others: 6.6500 Kotak Medium Term Fund-Quarterly Dividend Kotak Multi Asset Allocation Fund-Annual Dividend Record Date Cum Dividend NAV `/Unit Record Date Cum Dividend NAV `/Unit Jun-20-16 10.5609 Individual/ HUF: 0.1508 Mar-13-16 11.4291 Individual/ HUF: 0.1276 Others: 0.1397 Others: 0.1182 Mar-21-16 10.5166 Individual/ HUF: 0.1245 Mar-20-15 12.0308 Individual/ HUF: 0.6000 Others: 0.1153 Others: 0.5564 Dec-21-15 10.5179 Individual/ HUF: 0.1737 Mar-20-14 10.9407 Individual/ HUF: 0.2925 Others: 0.1609 Others: 0.2801 Kotak Medium Term Fund-Annual Dividend Record Date Cum Dividend NAV `/Unit Mar-14-16 11.0913 Individual/ HUF: 0.6217 Others: 0.5760 Mar-20-15 11.1843 Individual/ HUF: 0.7128 Others: 0.6610 Asset Allocation Graph

This asset allocation guide helps you to determine the suggested equity exposure at different valuations levels based on the Sensex.

30000 Stretched 18x-20x Fair Value Plus 16-18x 27000

24000

Fair 12x-16x 21000

18000 Attractive 10x-12x

15000

12000 y-14 y-15 y-16 eb-14 eb-15 eb-16 Jul-13 Jul-14 Jul-15 Jan-14 Jan-15 Jan-16 Jun-13 Jun-14 Jun-15 Jun-16 Oct-13 Oct-15 Apr-14 Apr-15 Apr-16 Sep-13 F Sep-14 F Sep-15 F Dec-13 Dec-14 Dec-15 Aug-13 Aug-14 Aug-15 Nov-13 Nov-14 Mar-14 Mar-15 Mar-16 Ma Ma Ma

Valuation levels of the Sensex based on rolling 12month fwd EPS estimate of 1580

Suggested equity allocation (Assuming 50% equity allocation as neutral)

5658 RISK FACTORS Mutual Fund investments are subject to market risks, read all scheme related documents carefully. *The rating indicates highest degree of safety regarding timely receipt of payments from the investments that the Scheme has made. The ratings should, however, not be construed as an indication of expected returns, prospective performance of the Mutual Fund Scheme, NAV or of volatility in its returns. Disclaimer on market outlooks: The outlook provided is only a subjective understanding of an uncertain market phenomena, which may or may not occur, and may also not have any effect on the performance of the scheme, clement or otherwise. This outlook should not be construed as a reason for investment into the scheme based on prospect of future performance, which may not accrue as anticipated by the statement. How to read Fact Sheet

Fund Manager An employee of the asset management company such as mutual fund or life insurer, who manages investments of the scheme. He is usually part of larger team of fund managers and research analysts. Application amount for fresh subscription This is the minimum investment amount for a new investor in a mutual fund scheme Minimum Additional Amount This is the minimum investment amount for an existing investor in a mutual fund scheme Yield to Maturity The yield to maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bonds current market price, par value, couple interest rate and time to maturity SIP SIP or systematic investment plan works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an SIP that invests Rs 500 every 15th of the month in an equity fund for a period of three years. NAV The NAV or net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which investors enter or exit the mutual fund Benchmark A group of securities , usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmark include the Nifty, Sensex, BSE 200, BSE 500, 10-year Gsec Entry Load A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor /agent. Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is Rs 100 and the entry load is 1%, the investor will enter the fund at Rs 101. Note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor. Exit load Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is RS 100and an exit load is 1%, the redemption price would be Rs. 99 per unit Modified Duration Modified duration is the price sensitivity and the percentage change in price for a unit change in yield. Standard deviation Standard deviation is statistical measure of the range of an investments performance. When a mutual fund has a high standard deviation, it means its range of performance is wide, implying greater volatility. Sharp Ratio The Sharpe Ratio, named after its founder the Noble laureate William Sharpe, is measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk. Beta Beta is a measure of an investments volatility vis-à-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the securitys price will be more volatile than the market. AUM AUM or assets under management refers to the recent / updated cumulative market value of investments managed by Mutual fund or any investment firm. Holdings The holdings or the portfolio is a mutual funds latest or updated reported statement of investments/securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager. Nature of Scheme The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories. Rating Profile Mutual funds invest in securities after evaluating their credit worthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their rating becomes the rating profile of the fund. Typically, this is a feature of debt funds. Contact Details

Agra: 0562-4009647 Gorakpur: 0551-2204127 Nashik: 253-6574255 Ahmedabad: 079-26779888/ 26766077 Gurgaon: 0124-6464077 New Delhi: 011-66306900/ 02 Ajmer: 0145-2628881 Guwahati: 0361-2734784 Panipat: 0180-2632062 Aligarh: 0571-6453223 Hubli: 0836-6450140 Patiala: 0175-6451766 Allahabad: 0532-6456177 Hyderabad: 040-66178140/ 41/ 42 Patna: 0612-6451120 Ambala: 0171-6451570/71 Indore: 0731-6453390 Pondicherry: 9962029229 Amritsar: 0183-6575777/ 6576777 Jaipur:141-6503339/ 2373879 Pune: 020-20251526/27/29 Anand: 02692-650281 Jalandhar: 0181-2233481 Raipur: 0771-4270917 Aurangabad: 0240-6611189 Jalgaon: 0257-2237131/ 32 Rajkot: 0281-6620735 Bangalore: 080-66128050/ 51 Jammu: 0191-2470779 Ranchi: 0651-6454629/ 2332274/ Bareilly: 0581-6452934 Jamnagar: 0288-6540129 9709001533 Bhavnagar: 0278-2569511 Jamshedpur: 0657-2317041/6543474/ Rourkela: 0661-6450114/ 9776640098 Bhilai: 0788-2225385 9570000685 Salem: 0427-6450115 Bhopal: 0755-6461018 Jodhpur: 0291-2630625 Shimla: 0177-6451211/ 2807911 Bhubaneshwar: 0674-6510250/9583340099 Kanpur: 0512-6454641/ 2541017 Silliguri: 0353-2522012 Bhuj: 02832-653976 Kolhapur: 0231-6610390/ 91 Surat: 0261-6450004/ 6536677 Calicut: 495-6576552 Kolkata: 033-22822411/ 12/ 13/ 14 Trichur: 0487-2430115 Chandigarh: 0172-4671885/ 5049476 Kottayam: 0481-6452922 Trichy: 0431-6460668 Chennai: 044-28221333/ 45038171 Lucknow: 522-4021168/ 4021169 Trivandrum: 0471-4470134 Cochin: 0484-6533110/ 4064646 Ludhiana: 0161-4646602/ 4646604 Udaipur: 0294-6451094 Coimbatore: 422-6572165 Mangalore: 0824-6452006 Vadodara: 0265-6533957/ 6560167 Cuttack: 0671-6510166/ 9776000093 Meerut: 0121-4007753 Vapi: 260-6534863/ 260-6453920 Dehradun: 135-2742900/ 6453000 Mumbai: 022-66056825 Varanasi: 0542-6456985 Dhanbad: 0326-6450798/09709157970 Mumbai: (Thane): 022-65970185/ 186 Vijayawada: 0866-6459930 Durgapur: 0343-6456038/ 2544609 Muradabad: 0591-6456667 Vishakapatnam: 0891-6452145 Goa: 0832-6650490 Mysore: 0821-6541192 Nagpur: 0712-2425052/8577 For details contact us at: KOTAK MAHINDRA ASSET MANAGEMENT COMPANY LIMITED: 6th Floor, Kotak Infiniti, Building No. 21, Infinity Park, Off Western Express Highway, Gen. A. K. Vaidya Marg, Malad (East), Mumbai 400 097. Tel.: 91-22-66056825 Fax: 91-22-6638 4455 E-mail: [email protected] Website: assetmanagement.kotak.com. Corporate Office of Asset Management Company: 2nd Floor, 12-BKC, Plot No C-12, G Block, BKC, Bandra (East),Mumbai - 400 051