managing risks & optimizing returns - kotak mahindra bank

www.kotakmutualfund.com

Managing Risks & Optimizing Returns

Kotak Group - Corporate Overview

Constituent of the NIFTY, the mainline 50 stock Indian market index | Kotak Group is one of the largest Indian financial services groups

Range of financial services

Banking | Asset Management | Investment Banking

Life Insurance | Stock Broking | General Insurance

| Alternate Investments | Stressed Assets

Global partnerships

Current : Sumitomo Mitsui Banking Corporation

Past : Goldman Sachs | Ford Credit International

Old Mutual Life Insurance

Market Cap of

INR 2,820.20 Bn

.,3,241*

Branches

50,000+

EmployeesNet worth of

INR 602.36 Bn

Over 30%

Promoter Group

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.

These branches / offices are present in India as on March 31, 2019. In addition, Kotak

Group has international offices in Abu Dhabi, Dubai, London, Mauritius, New York and

Singapore.

Branch breakup*

Constituent of the

NIFTY 50

All data as on March 31, 2019

* Data as on March 31, 2018 2

Business No. of Branches

Banking 1,500

Mutual Fund 84

Life Insurance 243

Securities 1,328

Car Finance 89

General Insurance 17

BSS Microfinance 176

Total 3,437


3

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.

Assets Under Management (INR 2,367.98 Bn)

Data as on June 30, 2019

Singapore

Mauritius

Dubai

Rep Office - Abu Dhabi

London

New York

India


Presence across major financial markets

4

Who Are We?

Kotak Mahindra Asset Management Company Limited (KMAMC) is

Complete Product bouquet - Offers

schemes catering to investors with varying

risk return profiles

Large Investor base - has more than

2 Million investors*

Part of a reputed conglomerate –

Wholly owned subsidiary of Kotak

Mahindra bank Limited (KMBL)

6th Largest Mutual Fund based on

Quarterly AUM as of June 2019

Long Experience - started operations in

December 1998

Robust distribution network – A

comprehensive distribution channel with

over 43,000 empanelled distributors

Wide Geographical presence - The

company is present in 80 cities and has

84 branches#

*As per number of existing folios 5# Data as on June 30, 2019

Our Vision, Our Purpose

Our vision is to be most trusted player in the Indian

mutual fund space, always striving to offer best in classproducts across investor lifecycle.

We strive hard to deliver consistent performanceover 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

6

The AUM – Sizing Up the Cause

Kotak Mutual Fund, on back of its fund performances, is one of the fastest growing* fund houses in India

Equity Fixed Income Liquid/Money

Market

MF AUM PMS

*As per the Quarterly Average AUM for first quarter of 2016, 2017, 2018 & 2019 (in INR Cr) 7

Equity Investment Framework

Investment Universe Research Idea Generation

Portfolio ActionOn-going Review

(Periodically)

Company Meeting

&

Idea Discussion

Investment Report

★ Fund Manager | ★ Analyst | ★ Dealer | ★ Investment Team | ★ Investment Committee

The process is subject to change without notice. 8

Fund manager is the sole decision maker for respective portfolios

subject to the guidelines mandated by Investment Committee

Well Defined And Evolved Equity Investment Process

Investment Universe Research Idea Generation Portfolio Action On-going Review

India Focused

• Listed EquityBuy-side

• Provides coverage on

stocks

• Individual analysts

maintain sector model

portfolios

• The team runs large

cap and mid cap model

portfolios

• Regular meeting

updates with

management of stocks

covered

Sell-side

• 40+ brokers

• Expands research

universe

• Tools: Reuters

Starmine

Sources

• Research Team

• Fund Managers

• Group Companies

• Daily Discussion

Forums

• Sell-side brokers

• Execution through 40+

empanelled brokers

• Mandate adherence

check

• Trade execution guided

by broker voting system

• Monthly Investment

Committee reviews

• Portfolio optimization

meetings

• Performance Attribution

System

• Portfolio analytics system

• Risk Management

9The process is subject to change without notice to respond to evolving markets.

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

• Asset allocation; Sector concentration

• Overweight/Underweight; capitalization; benchmark coverage

• Liquidity

Performance Evaluation System

• Relative to the benchmark

• Relative to the peers

Knowledge management system / Reuters Starmine

• A repository for in-house buy-side propriety research & sell-

side research

Portfolio analytics

• Portfolio metrics

• Attribution & peer portfolio analysis

Powerful sell-side broker voting system

• Aids in vibrant sell side broker support

• Size

• Competition

• Scalability

• Sustainability

Business

• Vision /Growth Orientation

• Execution Track Record

• Corporate Governance

• Capital Allocation

Management• Growth At Reasonable Price

• ROE/ROCE/ Free Cash Flow

Valuation

10

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 11

Central Research

• Independent research about companies

• Generation of new investment ideas

• Tracking stocks under coverage

• Regular corporate interaction

• Industry/company updates

• Interaction with sell-side analysts

A Well Developed Feedback Loop

Fund Management

Portfolio Optimization

• Provides Model portfolio

• Provides inputs on stock/sector

Attribution System

• Provides valuation analysis

• Provides attribution analysis for

each fund

• Provides liquidity risk analysis

• Provides alerts for risk

management

12

Debt Investment Framework

1313

Safety

Return of Principal more critical than

Return on Principal

Liquidity

Daily Redemption across majority of

funds. Asset-Liability matching, critical

to honour daily commitments

Return

Optimize risk adjusted return

13

Macros

Top Down

• RBI Policy

• Inflation Outlook

• Fiscal Deficit

• Interlinkage of Currency & Equity Market

• Liquidity of Banking System

Bottom Up

Micros

• Demand supply gap

• Shape of yield curve

• On the run Vs. off the run securities

• Credit

Robust Credit Evaluation Process at Kotak Mutual Fund

(2) Deal/Transaction

Analysis

(3) Portfolio Risk Analysis

(4) Pool Asset Analysis

(1) Issuer Analysis

• Thorough evaluation of the deal

• Purpose of borrowing

• Adequacy of operating cash flows/ security providing cover on debt

• Structure of proposed borrowing and security

• Yield curve & ALM mismatch risks

• Covenants to ensure credit profile of the borrower remains intact

• Portfolio evaluation to mitigate sectoralconcentration risks

• Overall size of the issue

• Portfolio concentration across various parameters

• Vintage-wise delinquencies and flow through rates & resultant probability of default

• Insurance, escrow amounts and recourse level available under different scenarios

• Detailed Analysis –financial & non –financial

parameters

• Quality of Management & Corporate Governance

• Source of operating cash flows of all relevant

entities to ensure robustness of

issuer/management group

• Past track record of all transactions undertaken by

the borrower with Kotak group entities.

Robust Credit

Evaluation

Process at Kotak

Mutual Fund

14The process is subject to change without notice.

Performance Centric Investment Team Evaluation & Remuneration Policy

15

Incentivizes fund managers based

on consistent relative performance

Incentivizes quality &

quantity of research

Fund manager's performance evaluation is

relative to both benchmark & peers

Research Analysts evaluation depends on

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

Our Philosophy

16*It is a voluntary pledge by employees.

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

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.

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

17

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

18

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. Anshul Saigal

(Head PMS)

• Has been with Kotak PMS since April 2012

• 17 years of industry experience including that

in JP Morgan, ICICI Bank and Standard

Chartered Bank.

• MBA (Finance) – MDI Gurgaon, B.E.

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

Investment Committee

19

Mr. Nilesh Shah (Managing Director)

• Has been with Kotak Mahindra AMC since January 2015 and is a part of the Equity and Debt Investment Committee

• 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 (CIO Equity)

• Has been with Kotak Mahindra AMC since August 2012 and is a part of the Equity Investment Committee

• 22 years of industry experience including that in DSP BlackRock, UTI, Essar Steel, Prabhudas Liladhar, S G Asia Securities, Reliance

Group


Ms. Lakshmi Iyer (CIO Debt & Head Products)

• Has been with Kotak Mahindra AMC since April 2000 and is a part of the Equity and Debt Investment Committee



Mr. Gaurang Shah (President - Asset Management, Insurance and International Business - Kotak Mahindra Bank Ltd.)

• Has been with Kotak Mahindra Group since July 1996 and is a part of the Equity and Debt Investment Committee

• Over 35 years of experience primarily in the Financial Services sector, several of which is with Kotak Mahindra Group including, inter alia,

the Head of Retail Assets at Kotak Mahindra Bank, Managing Director of Kotak Mahindra Life Insurance Co Ltd., and was also closely

associated with Kotak Mahindra Primus (a joint venture between Kotak Mahindra Group and Ford Credit International), which is among

India’s leading automobile finance companies

• He is a Chartered Accountant and Cost Accountant

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


Mr. Pankaj Tibrewal

(Fund Manager)

• Has been with Kotak

Mahindra AMC since

January 2010

• 16 years of industry

experience

• Masters in Finance -

Manchester University,

B.Com (Hons.)

Mr. Devender Singhal

(Fund Manager)


Mahindra AMC since

February 2009


experience

• PGDM - Fore School

of Management, B.A.

(Hons.) Maths

Mr. Harish Krishnan

(Fund Manager)


Mahindra AMC since

November 2013


experience

• PGDBM - IIM Kozhikode,

AIMR CFA, B.Tech

(Electronics &

Communications)

Ms. Shibani S

Kurian

(Fund Manager)

• With Kotak Mahindra

AMC since

November 2007


experience

• PGDM, B.Sc (Hons.)

- Economics

20

Mr. Rukun

Tarachandani

(Fund Manager)

• With Kotak Mahindra

AMC since March 2015


experience

• MBA (Finance), B.E.,

CFA

Centralized Research Team

21

Mr. Dhananjay Tikariha

• With Kotak Mahindra AMC since

March 2008


• Sector / Portfolio managed:

Telecom, Capital Goods,

Industrials, Pharmaceuticals &

Hospitals

• PGDM, B.Tech

Ms. Shibani S Kurian (Head- Equity Research)

• With Kotak Mahindra AMC since November 2007


• Sector / Portfolio managed: Banking & Financial Services Economy, Information Technology

• PGDM, B.Sc (Hons.) - Economics

Mr. Mandar Pawar

• With Kotak Mahindra AMC

since February 2008



• Oil & Gas, Metals, Pipes,

Shipping, Retail and Logistics

• MMS, B.Com

Mr. Nalin Bhatt


February 2016



Infrastructure, Power Utilities,

Real Estate

• CA, B.Com

Mr. Ashish Jagnani


November 2017



Specific stocks in small & mid

caps

• Masters in Finance Management

C.A.

Centralized Research Team

22

Mr. Bhargav Buddhadev

• With Kotak Mahindra AMC

since November 2018



Specific stocks in small and mid

caps

• MMS (Finance), C.A.

Ms. Shibani S Kurian (Head- Equity Research)

• With Kotak Mahindra AMC since November 2007


• Sector / Portfolio managed: Banking & Financial Services Economy, Information Technology

• PGDM, B.Sc (Hons.) - Economics

Mr. Arjun Khanna


April 2016



Auto Ancillary, Media, Midcaps,

Hotel, Agricultural Commodities

• MMS (Finance), CFA, B.E.

Mr. Rukun Tarachandani


March 2015



Specific stocks in small & mid

caps

• MBA (Finance), B.E., CFA

Mr. Archit Varshney


December 2018

• 1 year of industry experience

• Equity Research Analyst

• CA, BCOM

Mr. Hrishikesh Bhagat


April 2019

• 8 year of industry experience

• CFA, MMS

Debt Investment Team

23

Mr. Deepak Agrawal

(Fund Manager)

• Has been with Kotak Mahindra AMC

since December 2002


• AIMR CFA Level II, CA, CS, B.Com

Mr. Abhishek Bisen

(Fund Manager)


since October 2006


• MBA (Finance), B.A. Management

Mr. Sunil Pandey

(Debt Dealer)


since October 2007; with the debt

team since last 3 years


• MBA, B.Com

Mr. Vihag Mishra

(Credit Analyst)


since September 2017


• MBA (Finance), B.E.

Mr. Sunit Garg

(Credit Analyst)


since June 2016


• PGDM (Finance), CA, B.Com

Ms. Lakshmi Iyer (CIO Debt & Head Products)

• Has been with Kotak Mahindra AMC since April 2000



A Selection of Equity Product Basket with Kotak AMC

Scheme Name Investment Theme Fund Manager BenchmarkMonthly AAUM

(INR Mn)

Kotak Bluechip Fund

(Erstwhile Kotak 50)Large cap Mr. Harish Krishnan Nifty 50 13774.99

Kotak India EQ Contra Fund

(Erstwhile Kotak Classic Equity)Contra Ms. Shibani Kurian Nifty 100 8562.18

Kotak Equity Opportunities Fund

(Erstwhile Kotak Opportunities)Large & Mid Cap Fund Mr. Harsha Upadhyaya Nifty 200 25743.66

Kotak Standard Multicap Fund

(Erstwhile Kotak Select Focus Fund)Multi Cap Mr. Harsha Upadhyaya Nifty 200 255253.44

Kotak Tax Saver ELSS Mr. Harsha Upadhyaya Nifty 500 9338.82

Kotak Emerging Equity Scheme Mid Cap Mr. Pankaj Tibrewal Nifty Free Float Midcap 100 43872.51

Kotak Smallcap Fund

(Erstwhile Kotak Midcap)Small cap Mr. Pankaj Tibrewal NIFTY Smallcap 50 12557.93

Kotak Infrastructure & Economic

Reform FundSectoral / Thematic Mr. Harish Krishnan

India Infrastructure Index

(Customised Index by IISL)3913.35

Kotak Equity Hybrid

(Erstwhile Kotak Balance)Aggressive Hybrid Fund

Mr. Pankaj Tibrewal &

Mr. Abhishek Bisen

NIFTY 50 Hybrid Composite

Debt 70:30 Index15499.45

Kotak Equity Arbitrage Fund Arbitrage Fund Mr. Rukun Tarachandani Nifty 50 Arbitrage Index 135621.97

Kotak Equity Savings Fund Equity Savings

Mr. Harish Krishnan,

Mr. Arjun Khanna &

Mr. Abhishek Bisen

75% of Nifty 50 Arbitrage Index

+ 25% of Nifty 5021368.29

As on June 30, 2019 24

A Selection of Fixed Income Product Basket with Kotak AMC

Scheme NameCurrent Scheme

PositioningFund Manager Benchmark

Monthly AAUM (INR Mn)

Kotak Mahindra Liquid Scheme Liquid Mr. Deepak Agrawal Nifty Liquid fund Index 352683.40

Kotak Money Market Scheme

(Erstwhile Kotak Floater Short Term )Money Market Mr. Deepak Agrawal Nifty Money Market Index 87005.35

Kotak Savings Fund

(Erstwhile Kotak Treasury Advantage Fund)Ultra Short Duration Mr. Deepak Agrawal Nifty Ultra-short term Index 134810.91

Kotak Low Duration Fund Low Duration Mr. Deepak Agrawal Nifty Low Duration Index 51420.21

Kotak Corporate Bond Fund Corporate Bond Mr. Deepak AgrawalCRISIL Corporate Bond

Index21048.61

Kotak Banking & PSU Debt Fund Banking and PSU Mr. Deepak AgrawalCRISIL Banking and

PSU Debt Index17036.09

Kotak Bond Short Term Short Duration Mr. Deepak Agrawal Nifty Short Duration Index 90735.62

Kotak Credit Risk Fund

(Erstwhile Kotak Income Opportunities Fund)Credit Risk Mr. Deepak Agrawal

CRISIL Composite AA Short

Term Bond Index49010.00

Kotak Medium Term FundMedium Term

(Accrual Strategy)Mr. Deepak Agrawal Nifty Medium Duration Index 38229.43

Kotak Dynamic Bond Fund

(Erstwhile Kotak Flexi Debt Fund)Dynamic Mr. Deepak Agrawal Nifty Composite Debt Index 6619.52

Kotak Bond Fund

(Erstwhile Kotak Mahindra Bond Unit Scheme 99)

Medium to Long

DurationMr. Abhishek Bisen

Nifty Medium to

Long Duration Index17964.82

Kotak Mahindra Gilt Unit Scheme –

98 Investment PlanGilt Fund Mr. Abhishek Bisen

Nifty All Duration G-Sec

Index4505.96

Kotak Debt Hybrid

(Erstwhile Kotak MIP)

Conservative Hybrid

Fund

Mr. Devender Singhal &

Mr. Abhishek Bisen

CRISIL Hybrid 85+15 -

Conservative Index2582.40

25As on June 30, 2019

A Selection of Equity Product Basket with Kotak AMC

Scheme Name Investment Theme Fund Manager BenchmarkMonthly AAUM

(INR Mn)

Kotak Banking ETF Index Funds / ETFsMr. Devender Singhal &

Mr. Satish DondapatiNifty Bank 79745.01

Kotak Gold ETF Index Funds / ETFsMr. Abhishek Bisen &

Mr. Satish DondapatiImported (landed) price of Gold

3685.33

Kotak Nifty ETF Index Funds / ETFsMr. Devender Singhal &

Mr. Satish DondapatiNifty 50 7583.26

Kotak NV 20 ETF Index Funds / ETFsMr. Devender Singhal &

Mr. Satish DondapatiNifty 50 Value 20 120.64

Kotak PSU Bank ETF Index Funds / ETFsMr. Devender Singhal &

Mr. Satish DondapatiNifty PSU Bank 958.38

Kotak Sensex ETF Index Funds / ETFsMr. Devender Singhal &

Mr. Satish DondapatiS&P BSE Sensex 130.60

As on June 30, 201926

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

27

Product Labels

Scheme Name This product is suitable for investors who are seeking* Riskometer

Kotak Bluechip

Fund

• Long term capital growth

• Investment in portfolio of predominantly equity & equity related securities of large cap

companies

Kotak India EQ

Contra Fund


• Investment in portfolio of predominantly equity & equity related securities

Kotak Emerging

Equity


• Investment in equity & equity related securities predominantly in mid cap companies

Kotak Small Cap

Fund


• Investment in equity & equity related securities predominantly in small cap stocks

Kotak Equity

Opportunities

Fund


• Investment in portfolio of predominantly equity & equity related securities of large & midcap

companies

Kotak Standard

Multicap Fund


• Investment in Portfolio of predominantly equity & equity related securities generally focused

on a few selected sectors across market capitalisation

Kotak Tax Saver• Long term capital growth with a 3 year lock in

• Investment in portfolio of predominantly equity & equity related securities

Kotak Equity

Savings Fund

• Income from arbitrage opportunities in the equity market & long term capital growth

• Investment predominantly in arbitrage opportunities in the cash & derivatives segment of

the equity market and equity & equity related securities

Investors understand that their principal

will be at moderately high risk.

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

Product Labels


Kotak Equity Arbitrage

• Income from arbitrage opportunities in the equity market

• Investment in arbitrage opportunities in the cash & derivatives segment of

the equity market

Kotak Global

Emerging Market


• Investment in overseas mutual fund schemes that invest in a diversified

portfolio of securities in global emerging markets

Kotak Infrastructure &

Economic Reforms Fund


• Long term capital appreciation by investing in equity and equity related

instruments of companies contributing to infrastructure and economic

development of India


will be at moderately low risk.


will be at high risk.



Kotak Bond

• Income over a long investment horizon

• Investment in debt & money market securities with a portfolio Macaulay duration

between 4 years & 7 years

Kotak Mahindra Gilt

Unit Scheme - 98

Investment Plan

• Income over a long investment horizon

• Investments in sovereign securities issued by the Central and/or State

Government(s) and / or reverse repos in such securities

Kotak Medium Term

Fund

• Income over a medium term investment horizon

• Investment in debt, government securities & money market instruments with portfolio

Macaulay duration between 3 years & 4 years

Kotak Debt Hybrid

• Income & capital growth over a long term horizon

• Investment in a portfolio of debt instruments with a moderate exposure in equity &

equity related instruments

Kotak Low Duration

Fund

• Regular Income over short term

• Income by focussing on low duration securities with portfolio Macaulay duration

between 6 months and 12 months


will be at moderately risk.

Product Labels



Kotak Corporate

Bond Fund

• Regular Income over short term

• Income by investing in fixed income securities of varying maturities and

predominantly investing in AA+ and above rated corporate bonds

Kotak Bond Short

Term

• Income over a medium term horizon

• Investment in debt & money market securities with portfolio Macaulay

duration between 1 year & 3 years

Kotak Dynamic Bond

Fund


• Investment in debt & money market securities across durations

Kotak Savings Fund

• Income over a short term investment horizon

• Investment in debt & money market securities with portfolio Macaulay

duration between 3 months & 6 months

Kotak Banking and

PSU Debt Fund

• Income over a short to medium term investment horizon

• Investment in debt & money market securities of PSUs, Banks, Public

Financial Institutions, Government Securities and Municipal Bonds

Kotak Credit Risk

Fund


• Investment predominantly in in AA and below rated corporate bonds

(Excluding AA+ rated corporate bonds)



Product Labels



Kotak Money

Market Scheme


• Investment in money market securities

Kotak Mahindra

Liquid Scheme


• Investment in debt & money market securities



Product Labels


will be at low risk.



Kotak Equity

Hybrid


• Investment in equity & equity related securities balanced with income generation by

investing in debt & money market Instruments


will be at moderate high risk.

Product Labels



Kotak Gold ETF

• Returns in line with physical gold over medium to long term, subject to

tracking error

• Investment in physical gold

Kotak Nifty ETF


• Investment in stocks comprising the underlying index and endeavours to

track the benchmark index

Kotak Sensex ETF




Kotak PSU Bank ETF




Kotak Banking ETF





will be at moderate high risk.


will be at high risk.

Product Labels


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.

35

www.kotakmutualfund.com

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

www.kotakamc.com

managing risks & optimizing returns - kotak mahindra bank

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