Managing Risks & Optimizing Returns
www.kotakmutualfund.com www.kotakmutualfund.com Kotak Group - Corporate Overview
3,241* Market Cap of 50,000+ Net worth of Over 30% Constituent., of Branches USD 37.33 bn Employees USD 7.60 bn Promoter Group the NIFTY 50 Ownership
Established in 1985 by Mr. Uday Kotak, it was the first Indian non-banking financial company to be given a banking licence by the Reserve Bank of India in February 2003. The Group caters to the financial needs of individuals and institutional investors across the globe.
Branch breakup* Global partnerships Business No. of Branches Current : Sumitomo Mitsui Banking Corporation Banking 1,388 Past : Goldman Sachs | Ford Credit International Mutual Fund 83 Old Mutual Life Insurance Life Insurance 227 Securities 1,325 Range of financial services Car Finance 84 General Insurance 15 Banking | Asset Management | Investment Banking BSS Microfinance 119 Life Insurance | Stock Broking | General Insurance | Alternate Investments | Stressed Assets Total 3,241 These branches / offices are present in India as on March 31, 2018. In addition, Kotak Group has international offices in Abu Dhabi, Dubai, London, Mauritius, New York and Singapore.
Constituent of the NIFTY, the mainline 50 stock Indian market index | Kotak Group is one of the largest Indian financial services groups All data as on June 30, 2018 3 Kotak Group - Corporate Overview
Assets Under Management (USD 29.05 bn)
Asset Management: Strengths
• One of the first few private firms qualified to manage pension funds in India
• Providing solutions to International clients for 15+ years
• Kotak Mahindra Asset Management Company is regulated by the Securities and Exchange Board of India.
Data as on June 30, 2018 4 Kotak Group - Corporate Overview
London
New York
Rep Office - Abu Dhabi
Dubai India Singapore
Mauritius
Presence across major financial markets 5 Who Are We?
Kotak Mahindra Asset Management Company Limited (KMAMC) is
Part of a reputed conglomerate – Wholly Long Experience - started operations in 7th Largest Mutual Fund based on owned subsidiary of Kotak Mahindra bank December 1998 Quarterly AUM as of June 2018 Limited (KMBL)
Large Investor base - has more than Robust distribution network – A 2 Million investors* comprehensive distribution channel with over 43,000 empanelled distributors
Complete Product bouquet - Offers Wide Geographical presence - The schemes catering to investors with varying company is present in 80 cities and has risk return profiles 84 branches# *As per number of existing folios # Data as on June 30, 2018 6 Our Vision, Our Purpose
Our vision is to be most trusted player in the Indian mutual fund space, always striving to offer best in class products across investor lifecycle.
We strive hard to deliver consistent performance over the benchmark across all our products, thereby creating customer satisfaction.
Our 20 years of existence offering a broad range of investment products across asset classes with varying risk parameters that cater to the needs of various customer segments, has enabled us to garner trust of more than 2 Million investors.* * as per number of existing folios
7 The AUM – Sizing Up the Cause
Equity Fixed Income Liquid/Money MF AUM PMS Market
Kotak Mutual Fund, on back of its fund performances, is one of the fastest growing* fund houses in India
*As per the Quarterly Average AUM for second quarter of 2015, 2016, 2017 & 2018 (in INR Cr) 8 Equity Investment Framework
Investment Universe Research Idea Generation Company Meeting & Idea Discussion
On-going Review Portfolio Action Investment Report (Periodically)
★ Fund Manager | ★ Analyst | ★ Dealer | ★ Investment Team | ★ Investment Committee
Fund manager is the sole decision maker for respective portfolios subject to the guidelines mandated by Investment Committee
The process is subject to change without notice. 9 Well Defined And Evolved Equity Investment Process
Investment Universe Research Idea Generation Portfolio Action On-going Review
India Focused Buy-side Sources • Execution through 40+ • Monthly Investment • Listed Equity • Provides coverage on • Research Team empanelled brokers Committee reviews stocks • Fund Managers • Mandate adherence • Portfolio optimization • Individual analysts • Group Companies check meetings maintain sector model • Daily Discussion Forums • Trade execution guided • Performance Attribution portfolios • Sell-side brokers by broker voting system System • The team runs large cap • Portfolio analytics system and mid cap model • Risk Management portfolios • Regular meeting updates with management of stocks covered
Sell-side • 40+ brokers • Expands research universe • Tools: Reuters Starmine
The process is subject to change without notice to respond to evolving markets. 10 Disciplined Equity Investment Approach
Investment Philosophy • Strong bottom-up with a top-down thematic overlay • Endeavour to derive value from macro trends and identify stock specific opportunities • Bottom-up approach adopts BMV approach to stock picking
Centralized buy-side research team • Experienced team brings coverage and depth • Aligned to portfolio performance objectives
Risk framework Management • Asset allocation; Sector concentration • Size • Growth At • Overweight/Underweight; capitalization; benchmark coverage • Competition Reasonable Price • Liquidity • Scalability •Vision /Growth • ROE/ROCE/ Orientation • Sustainability Free Cash Flow Performance Evaluation System • Execution • Relative to the benchmark Track Record • Relative to the peers • Corporate Business Governance Valuation Knowledge management system / Reuters Starmine • Capital • A repository for in-house buy-side propriety research & sell- Allocation side research
Portfolio analytics • Portfolio metrics • Attribution & peer portfolio analysis
Powerful sell-side broker voting system • Aids in vibrant sell side broker support 11 Robust Risk Management
Sector & Stock selection is an outcome of the research process, however • Sector caps may be different for diversified and thematic funds; caps also on sector over-weights/under-weights; higher limits need specific approval • Each fund limits exposure to each market cap viz. large cap, mid cap & small cap • Liquidity of the portfolio should be within pre-defined limits
All funds* cap exposure to equity related instruments of a company to 10% of assets
All regulatory limits, restrictions and guidelines wherever applicable are strictly hard-coded and adhered to
Portfolio optimization meetings help to optimize risk adjusted return
Fund performance and fund positioning are reviewed monthly by the Investment Committee
*other than thematic/sectoral/index funds 12 A Well Developed Feedback Loop
Central Research • Independent research about companies • Generation of new investment ideas • Tracking stocks under coverage • Regular corporate interaction Attribution System • Industry/company updates • Provides valuation analysis • Interaction with sell-side analysts • Provides attribution analysis for Fund Management each fund • Provides liquidity risk analysis • Provides alerts for risk management
Portfolio Optimization • Provides Model portfolio • Provides inputs on stock/sector
13 Debt Investment Framework
Safety Liquidity Return
Return of Principal more critical than Daily Redemption across majority of Optimize risk adjusted return Return on Principal funds. Asset-Liability matching, critical to honour daily commitments
Top Down Bottom Up
Macros Micros
• RBI Policy • Demand supply gap • Inflation Outlook • Shape of yield curve • Fiscal Deficit • On the run Vs. off the run securities • Interlinkage of Currency & Equity Market • Credit • Liquidity of Banking System
14 14 Robust Credit Evaluation Process at Kotak Mutual Fund
• Independent rating if available Portfolio Risk • % of portfolio allocation & size of issue • Portfolio concentration measures Analysis • Details of past transaction by Kotak Group • Vintage-wise delinquencies and flow through rates with the borrower & resultant probability of default • Insurance, escrow amounts and recourse level available under different scenarios
Robust Credit Issuer Pool Asset Evaluation Process Analysis at Kotak Mutual Analysis Fund
• Adequacy of operating cash flows providing • Nature of business cover on debt • Source of operating cash flows of all relevant • Extent & structure of existing debt entities • Structure of proposed borrowing and Security • Purpose/end-use of borrowing • Yield curve & ALM mismatch risks Issue Analysis • Quality of Management & Corporate • Detailed financial model Governance
The process is subject to change without notice. 15 Performance Centric Investment Team Evaluation & Remuneration Policy
Incentivizes fund managers based on Incentivizes quality & consistent relative performance quantity of research
Fund manager's performance evaluation is Research Analysts evaluation depends on relative to both benchmark & peers their total stock coverage and the ideas provided during a given period
Research Analysts also maintain a parallel model portfolio and continuously measure its performance vis-à-vis real portfolios
16 Our Philosophy
Products
We believe – “Funds are like kids. Don’t have more than you can manage”. Our aim is to equate fund return and client return.
Performance
We strive to optimize long term risk-adjusted return on a consistent basis.
Pledge*
"All of us at the fund house, invest all our personal mutual fund investments only in our schemes. That is our way to align our Our Philosophy interest with our investors." Partnership
We believe in managing your “Trust”. We are honored to get the mandate of managing your / your client’s trust and money.
Process
We believe in Disciplined Investment Process for optimizing risk adjusted return.
Principles for Responsible Investment
First Asset Management Company in India to sign the United Nations supported Principles for Responsible Investment.
*It is a voluntary pledge by employees. 17 Our Edge
Strong Parentage: Kotak Bank, the holding company is one of the largest private banks in India with a wide network
Vast experience of over 20 years in managing money across asset classes in India
On-ground presence with large teams ensuring wide & in-depth research coverage
Conservative & Institutional approach to investing matched with robust risk management
Sound understanding of governance structures of Indian corporates
18 Our Investment Leadership
Mr. Nilesh Shah (Managing Director)
• Has been with Kotak Mahindra AMC since January 2015
• Over 25 years of experience in capital markets and market related investments, having managed funds across equity, fixed income securities and real estate for local and global investors. Has previously held leadership roles in Axis Capital, ICICI Prudential Mutual Fund, Franklin Templeton Mutual Fund and ICICI Securities
• Gold medallist Chartered Accountant and a merit ranked Cost Accountant
• Part of Regulatory Committee for market development
Mr. Harsha Upadhyaya Ms. Lakshmi Iyer Mr. Anshul Saigal (CIO Equity) (CIO Debt & Head Products) (Head PMS)
• Has been with Kotak Mahindra AMC since • Has been with Kotak Mahindra AMC since • Has been with Kotak PMS since April 2012 August 2012 April 2000 • 17 years of industry experience including that • 22 years of industry experience including that in • 20 years of industry experience in JP Morgan, ICICI Bank and Standard DSP BlackRock, UTI, Essar Steel, Prabhudas • PGDM - NMIMS, B.Com Chartered Bank. Liladhar, S G Asia Securities, Reliance Group • MBA (Finance) – MDI Gurgaon, B.E. • PGDM (Finance) – IIM Lucknow, CFA, B.E. 19 Equity Investment Team
Mr. Harsha Upadhyaya (CIO Equity)
• Has been with Kotak Mahindra AMC since August 2012 • 22 years of industry experience including that in DSP BlackRock, UTI, Essar Steel, Prabhudas Liladhar, S G Asia Securities, Reliance Group • PGDM (Finance) – IIM Lucknow, CFA, B.E.
Mr. Harish Krishnan Mr. Pankaj Tibrewal Mr. Deepak Gupta Mr. Devender Singhal (Fund Manager) (Fund Manager) (Fund Manager) (Fund Manager)
• Has been with Kotak Mahindra • Has been with Kotak Mahindra • Has been with Kotak Mahindra • Has been with Kotak Mahindra AMC since November 2013 AMC since January 2010 AMC since April 2005 AMC since February 2009 • 13 years of industry experience • 16 years of industry experience • 13 years of industry experience • 15 years of industry experience • PGDBM - IIM Kozhikode, • Masters in Finance - Manchester • CA, Cost Accountant, AIMR CFA, • PGDM - Fore School of AIMR CFA, B.Tech (Electronics & University, B.Com (Hons.) B.Com Management, B.A. (Hons.) Maths Communications)
20 Centralized Research Team
Ms. Shibani S Kurian (Head- Equity Research)
• With Kotak Mahindra AMC since November 2007 • 18 years of industry experience • Sector / Portfolio managed: Banking & Financial Services Economy, Information Technology • PGDM, B.Sc (Hons.) - Economics
Mr. Akshit Gandhi Mr. Devender Singhal Mr. Mandar Pawar Mr. Dhananjay Tikariha
• With Kotak Mahindra AMC since • With Kotak Mahindra AMC since • With Kotak Mahindra AMC since • With Kotak Mahindra AMC since December 2016 February 2009 February 2008 March 2008 • 16 years of industry experience • 15 years of industry experience • 14 years of industry experience • 12 years of industry experience • Sector / Portfolio managed: • Sector / Portfolio managed: • Sector / Portfolio managed: • Sector / Portfolio managed: Cement, Building Materials FMCG, Auto, Paints, and Consumer Oil & Gas, Metals, Pipes, Telecom, Capital Goods, Industrials, • MBA (Finance), CFA Discretionary Shipping, Retail and Logistics Pharmaceuticals & Hospitals • PGDM, B.A. (Hons.) Maths • MMS, B.Com • PGDM, B.Tech
Mr. Nalin Bhatt Mr. Arjun Khanna Mr. Ashish Jagnani Mr. Rukun Tarachandani
• With Kotak Mahindra AMC since • With Kotak Mahindra AMC since • With Kotak Mahindra AMC since • With Kotak Mahindra AMC since February 2016 April 2016 November 2017 March 2015 • 14 years of industry experience • 11 years of industry experience • 15 years of industry experience • 5 years of industry experience • Sector / Portfolio managed: • Sector / Portfolio managed: • Sector / Portfolio managed: • Sector / Portfolio managed: Infrastructure, Power Utilities, Auto Ancillary, Media, Midcaps, Specific stocks in small & mid caps Specific stocks in small & mid caps Real Estate Hotel, Agricultural Commodities • CA, Masters in Finance • MBA (Finance), B.E., CFA • CA, B.Com • MMS (Finance), CFA, B.E. Management 21 Debt Investment Team
Ms. Lakshmi Iyer (CIO Debt & Head Products)
• Has been with Kotak Mahindra AMC since April 2000 • 20 years of industry experience • PGDM - NMIMS, B.Com
Mr. Deepak Agrawal Mr. Abhishek Bisen Mr. Sunil Pandey (Fund Manager) (Fund Manager) (Debt Dealer)
• Has been with Kotak Mahindra AMC • Has been with Kotak Mahindra AMC • Has been with Kotak Mahindra AMC since December 2002 since October 2006 since October 2007; with the debt • 17 years of industry experience • 17 years of industry experience team since last 3 years • AIMR CFA Level II, CA, CS, B.Com • MBA (Finance), B.A. Management • 13 years of industry experience • MBA, B.Com
Mr. Vihag Mishra Mr. Sunit Garg (Credit Analyst) (Credit Analyst)
• Has been with Kotak Mahindra AMC • Has been with Kotak Mahindra AMC since September 2017 since June 2016 • 4 years of industry experience • 12 years of industry experience • MBA (Finance), B.E. • PGDM (Finance), CA, B.Com 22 A Selection of Equity Product Basket with Kotak AMC
Monthly AAUM Scheme Name Investment Theme Fund Manager Benchmark (USD Mn)
Kotak Bluechip Fund Large cap Mr. Harish Krishnan Nifty 50 194.90 (Erstwhile Kotak 50) Kotak India EQ Contra Fund Contra Mr. Deepak Gupta Nifty 100 58.89 (Erstwhile Kotak Classic Equity)
Kotak Equity Opportunities Fund Large & Mid Cap Fund Mr. Harsha Upadhyaya Nifty 200 361.56 (Erstwhile Kotak Opportunities)
Kotak Standard Multicap Fund Multi Cap Mr. Harsha Upadhyaya Nifty 200 2881.43 (Erstwhile Kotak Select Focus Fund)
Kotak Tax Saver ELSS Mr. Harsha Upadhyaya Nifty 500 107.65
Kotak Emerging Equity Scheme Mid Cap Mr. Pankaj Tibrewal Nifty Free Float Midcap 100 469.50
Kotak Smallcap Fund Small cap Mr. Pankaj Tibrewal NIFTY Smallcap 50 120.83 (Erstwhile Kotak Midcap) Kotak Infrastructure & Economic India Infrastructure Index Sectoral / Thematic Mr. Harish Krishnan 67.63 Reform Fund (Customised Index by IISL) Kotak Equity Hybrid Mr. Pankaj Tibrewal & NIFTY 50 Hybrid Composite Aggressive Hybrid Fund 302.90 (Erstwhile Kotak Balance) Mr. Abhishek Bisen Debt 70:30 Index
Kotak Equity Arbitrage Fund Arbitrage Fund Mr. Deepak Gupta Nifty 50 Arbitrage Index 1751.97
Mr. Deepak Gupta & 75% of Nifty 50 Arbitrage Index Kotak Equity Savings Fund Equity Savings 312.60 Mr. Abhishek Bisen + 25% of Nifty 50 As on June 30, 2018 23 A Selection of Fixed Income Product Basket with Kotak AMC
Current Scheme Monthly AAUM Scheme Name Fund Manager Benchmark Positioning (USD Mn)
Kotak Mahindra Liquid Scheme Liquid Mr. Deepak Agrawal Nifty Liquid fund Index 3774.09 Kotak Money Market Scheme Money Market Mr. Deepak Agrawal Nifty Money Market Index 1019.54 (Erstwhile Kotak Floater Short Term ) Kotak Savings Fund Ultra Short Duration Mr. Deepak Agrawal Nifty Ultra-short term Index 1071.99 (Erstwhile Kotak Treasury Advantage Fund) Kotak Low Duration Fund Low Duration Mr. Deepak Agrawal Nifty Low Duration Index 758.18
Kotak Corporate Bond Fund Corporate Bond Mr. Deepak Agrawal CRISIL Corporate Bond Index 164.28 CRISIL Banking and Kotak Banking & PSU Debt Fund Banking and PSU Mr. Deepak Agrawal 162.28 PSU Debt Index Kotak Bond Short Term Short Duration Mr. Deepak Agrawal Nifty Short Duration Index 1298.22 Kotak Credit Risk Fund CRISIL Composite AA Short Credit Risk Mr. Deepak Agrawal 760.49 (Erstwhile Kotak Income Opportunities Fund) Term Bond Index Medium Term Kotak Medium Term Fund Mr. Deepak Agrawal Nifty Medium Duration Index 689.09 (Accrual Strategy) Kotak Dynamic Bond Fund Dynamic Mr. Deepak Agrawal Nifty Composite Debt Index 112.67 (Erstwhile Kotak Flexi Debt Fund) Kotak Bond Fund Medium to Long Nifty Medium to Mr. Abhishek Bisen 313.40 (Erstwhile Kotak Mahindra Bond Unit Scheme 99) Duration Long Duration Index Kotak Mahindra Gilt Unit Scheme – Nifty All Duration G-Sec Gilt Fund Mr. Abhishek Bisen 69.16 98 Investment Plan Index Kotak Debt Hybrid Conservative Hybrid Mr. Devender Singhal & CRISIL Hybrid 85+15 - 51.86 (Erstwhile Kotak MIP) Fund Mr. Abhishek Bisen Conservative Index As on June 30, 2018 24 A Selection of Equity Product Basket with Kotak AMC
Monthly AAUM Scheme Name Investment Theme Fund Manager Benchmark (USD Mn)
Kotak Banking ETF Index Funds / ETFs Mr. Deepak Gupta Nifty Bank 642.72
Kotak Gold ETF Index Funds / ETFs Mr. Abhishek Bisen Imported (landed) price of Gold 57.41
Kotak Nifty ETF Index Funds / ETFs Mr. Deepak Gupta Nifty 50 73.86
Kotak NV 20 ETF Index Funds / ETFs Mr. Deepak Gupta Nifty 50 Value 20 0.43
Kotak PSU Bank ETF Index Funds / ETFs Mr. Deepak Gupta Nifty PSU Bank 9.81
Kotak Sensex ETF Index Funds / ETFs Mr. Deepak Gupta S&P BSE Sensex 1.74
As on June 30, 2018 25 Representation of Accolades and Recognition Received
Industry experts have also acknowledged KMAMC’s superior performance. Some of the accolades which KMAMC has received in the recent past include:
Kotak Equity Arbitrage Fund-Best Fund over 10 years (Alternative Relative Value): 2018 Thomson Reuters Lipper Fund Award Best Group over 3 years Equity: 2017 Thomson Reuters Lipper Fund Awards India “Most Innovative Approach To Investor Awareness”: 2017 The Outlook Money ETF Manager of the year India 2015, 2016 Best Debt Fund House: Outlook Money awards 2012 Best Debt Fund House: Outlook Money NDTV Profit Awards 2009 Best Bond Fund Group over 3 years: Lipper Fund Awards India 2007
Best Debt Fund House: Outlook Money Awards 2007
Best Mutual Fund House: NDTV Profit Business Leadership Award 2006 in Mutual Fund Category
Best Bond Fund Group over 3 years: Lipper Fund Awards India 2006
Outlook Money Best Wealth creator Debt 2003
BEST FUND AWARD: 10 year category at Lipper Fund awards, 2012 for Kotak Bond Fund Regular Plan-Growth
Best Performing Mutual Fund of the year: INDEX FUNDS, 2012 for Kotak SENSEX ETF
BEST FUND AWARD: 10 year category at Lipper Fund awards, 2011 for Kotak Bond Fund Regular Plan-Growth
26 Product Labels
Scheme Name This product is suitable for investors who are seeking* Riskometer
Kotak Bluechip • Long term capital growth Fund • Investment in portfolio of predominantly equity & equity related securities of large cap companies
Kotak India EQ • Long term capital growth Contra Fund • Investment in portfolio of predominantly equity & equity related securities
Kotak Emerging • Long term capital growth Equity • Investment in equity & equity related securities predominantly in mid cap companies
Kotak Small Cap • Long term capital growth Fund • Investment in equity & equity related securities predominantly in small cap stocks
Kotak Equity • Long term capital growth Opportunities • Investment in portfolio of predominantly equity & equity related securities of large & midcap Fund companies
• Long term capital growth Investors understand that their principal Kotak Standard will be at moderately high risk. • Investment in Portfolio of predominantly equity & equity related securities generally Multicap Fund focused on a few selected sectors across market capitalisation
• Long term capital growth with a 3 year lock in Kotak Tax Saver • Investment in portfolio of predominantly equity & equity related securities
• Income from arbitrage opportunities in the equity market & long term capital growth Kotak Equity • Investment predominantly in arbitrage opportunities in the cash & derivatives segment of Savings Fund 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. 27
Product Labels
Scheme Name This product is suitable for investors who are seeking* Riskometer
• Income from arbitrage opportunities in the equity market Kotak Equity Arbitrage • Investment in arbitrage opportunities in the cash & derivatives segment of the equity market
Investors understand that their principal will be at moderately low risk.
• Long term capital growth Kotak Global • Investment in overseas mutual fund schemes that invest in a diversified Emerging Market portfolio of securities in global emerging markets
• Long term capital growth Kotak Infrastructure & • Long term capital appreciation by investing in equity and equity related Economic Reforms Fund instruments of companies contributing to infrastructure and economic Investors understand that their principal development of India will be at high risk.
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them. 28
Product Labels
Scheme Name This product is suitable for investors who are seeking* Riskometer
• Income over a long investment horizon Kotak Bond • Investment in debt & money market securities with a portfolio Macaulay duration between 4 years & 7 years
Kotak Mahindra Gilt • Income over a long investment horizon Unit Scheme - 98 • Investments in sovereign securities issued by the Central and/or State Government(s) Investment Plan and / or reverse repos in such securities
• Income over a medium term investment horizon Kotak Medium Term • Investment in debt, government securities & money market instruments with Fund portfolio Macaulay duration between 3 years & 4 years
• Income & capital growth over a long term horizon Kotak Debt Hybrid • Investment in a portfolio of debt instruments with a moderate exposure in equity & equity related instruments Investors understand that their principal will be at moderately risk. • Regular Income over short term Kotak Low Duration • Income by focussing on low duration securities with portfolio Macaulay duration Fund between 6 months and 12 months
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them. 29
Product Labels
Scheme Name This product is suitable for investors who are seeking* Riskometer
• Regular Income over short term Kotak Corporate Bond • Income by investing in fixed income securities of varying maturities and Fund predominantly investing in AA+ and above rated corporate bonds
• Income over a medium term horizon Kotak Bond Short • Investment in debt & money market securities with portfolio Macaulay Term duration between 1 year & 3 years
Kotak Dynamic Bond • Income over a medium term investment horizon Fund • Investment in debt & money market securities across durations
• Income over a short term investment horizon Kotak Savings Fund • Investment in debt & money market securities with portfolio Macaulay duration between 3 months & 6 months Investors understand that their principal • Income over a short to medium term investment horizon will be at moderately low risk. Kotak Banking and • Investment in debt & money market securities of PSUs, Banks, Public Financial PSU Debt Fund Institutions, Government Securities and Municipal Bonds
• Income over a medium term investment horizon Kotak Credit Risk • Investment predominantly in in AA and below rated corporate bonds Fund (Excluding AA+ rated corporate bonds)
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them. 30
Product Labels
Scheme Name This product is suitable for investors who are seeking* Riskometer
Kotak Money • Income over a short term investment horizon Market Scheme • Investment in money market securities
Investors understand that their principal will be at moderately low risk.
Kotak Mahindra • Income over a short term investment horizon Liquid Scheme • Investment in debt & money market securities
Investors understand that their principal will be at low risk.
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them. 31
Product Labels
Scheme Name This product is suitable for investors who are seeking* Riskometer
• Long term capital growth Kotak Equity • Investment in equity & equity related securities balanced with income generation by Hybrid investing in debt & money market Instruments
Investors understand that their principal will be at moderate high risk.
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them. 32
Product Labels
Scheme Name This product is suitable for investors who are seeking* Riskometer
• Returns in line with physical gold over medium to long term, subject to Kotak Gold ETF tracking error • Investment in physical gold
• Long term capital growth Kotak Nifty ETF • Investment in stocks comprising the underlying index and endeavours to track the benchmark index
• Long term capital growth Investors understand that their principal Kotak Sensex ETF • Investment in stocks comprising the underlying index and endeavours to track will be at moderate high risk. the benchmark index
• Long term capital growth Kotak PSU Bank ETF • Investment in stocks comprising the underlying index and endeavours to track the benchmark index
• Long term capital growth Kotak Banking ETF • Investment in stocks comprising the underlying index and endeavours to track the benchmark index Investors understand that their principal will be at high risk.
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them. 33
Disclaimer
The information contained in this (document) is extracted from different sources. All reasonable care has been taken to ensure that the information contained herein is not misleading or untrue at the time of publication. This is for the information of the person to whom it is provided without any liability whatsoever on the part of Kotak Mahindra Asset Management Co Ltd or any associated companies or any employee thereof. We are not soliciting any action based on this material and is for general information only.
34 This page is left blank intentionally
www.kotakmutualfund.com www.kotakamc.com
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
www.kotakmutualfund.com