Monthly Market Outlook March 2021
1
The views expressed in this presentation are through the period ending 01-Mar-21 and are subject to change at any time based on market and other conditions This is not an offer or solicitation for the purchase or sale of any security and should not be construed as such References to specific securities and issuers are for illustrative purposes only and are not intended to be and should not be interpreted asrecommendations to purchase or sell such securities
Equity Market Outlook
March 2021
2
3
Content Page Numbers
Global Economy 4
Indian Economy 12
Risk 23
Equity Markets 28
Valuation 34
SIP Has Performed Well 42
Equity Investment Opportunity 47
Should We Invest In Gold 53
Active VS Passive Funds in Alpha Generation 55
Debt Market Outlook 60
Debt Investment Opportunity 71
Distributor Engagement 76
Annexure 81
Disclaimers amp Disclosures 87
Global Economy
4
Global GDP Growth Set To Recover Sharply
5Note Based on MSCI ACWI countries Source Jefferies Factset IMF
US Federal Government Budget Deficit amp Borrowing Has Gone Up Significantly
6Source US Treasury Department yardenicom
(billion dollars)
Solid Breadth Of Companies Beating Earnings Estimates Across Regions
7Source Bloomberg Finance LP Deutsche Bank
Market Likely Driven By Excess Personal Savings
8
US Excess Personal Savings
Source BEA Haver Analytics Morgan Stanley Research forecasts as of Jan 25 2021
US Retail Investors Plan To Put A Significant Chunk Of Any Forthcoming Stimulus Into The Stock Market
9
Planned proportion of stimulus amount in stock market investment if received in 2021 ()
Source dbDIG Survey Deutsche Bank Asset Allocation
Surge In US Inflation Expectation Continues UnabatedNow at Its Highest Level In Over 8 Years
10Source Compoundadvisorscom
Commodity Prices Are Rising But Not Yet To Dramatic Levels of 2007-08
11Source Refinitiv
lndian Economy
12
Headlines In Feb 21
13
Source Business Today
Source Bloomberg Quint
Updated on Feb 09 2021 0701 PM IST
Headlines In Feb 21
14
Source Business Standard
Source Bloomberg Quint
Company Registration Jumps 21 in April ndash Decrsquo20
15Source MCA
Sharp growth was due to the progression of smaller firms and LLPs towards forming companies as growth picked up along with improved facilitation through digital services
Indiarsquos Debt To GDP VS Major Economies
16Source Economic Survey 2020-21
Indiarsquos Public Debt To GDP Has Been Significantly Low Compared To Other Countries
Governmentrsquos Reform Momentum To Bolster Potential Growth
17Source Elara Securities
18
V Shaped Recovery
Source HIS Markit Bloomberg Index reading above 50 signals growth Score is generated on the three-month weighted averages of the indicators against the past thirty months of historical data
Domestic and overseas demand hold up for Indian companies
Nomura India Business Resumption Index Is Almost At Pre-Pandemic Levels
19
The resurgence of COVID-19 could represent a downside risk
Source Google Apple CMIE Bloomberg and Nomura Global Economics
PLI Schemes Can Add 16 To FY27 GDP amp Encourage Domestic Industry
Source RAVE Credit Suisseestimates 20
Real Estate Should Support Economic Recovery
Source The BLOOMBERG PROFESSIONALTM service Credit Suisse estimates
Mortgage rates have fallen to record lowsAffordability levels at all-time high
Source SBI HDFC Jefferies 21
Budget Aims For Ambitious Infra Spending In FY22
22
Budget has laid ambitious target for FY22 spending Infrastructure capex allocation for FY22 is steep execution key
Source Budget Elara Securities Research
Risk
23
Covid 19 Isnrsquot Yet Over
24Source Times of India
Upside Risks To Inflation Remain
25
Source CEIC UBS
RBI Survey Indicates Confidence Still Lagging
26Source RBI
Unemployment is Down but Income
27
CMIE Series of Unemployment unemployment rate (UER) (gt=15)
Unemployment Rate 30 day moving average ()
Unemployment Rate01 Mar 2021
Source CMIEcom
Equity Markets
28
Sare Jahan Se Acha Hindustan Hamara
Source Axis Capital29
-240
-168
-79
-72
-56
-26
-18
39
266(USD bn)
12 MONTHS FPI FLO W (Feb20 to Feb21)
India
Brazil
Indonesia
Philippines
Malaysia
South Africa
Thailand
Taiwan
South Korea
Source Bloomberg Axis Capital As on 28th February 2021 Past Performance may or may not sustain in the future
Performance Across Market Cap
Performance as on 28th Feb 2021 Sectoral Performance CY20 YTD ()
66
113 122
297
386 418
115
58
(12)
156 151 130
105 122
92
(10)
0
10
20
30
40
50
Nifty-50 Nifty Midcap 100 NSE SmallCap 100
1m returns 1y returns 3 yr CAGR 5 yr CAGR 10 yr CAGR
14
12
4
17
11 11 11 11
8
65
0
-1
-5
-8
Sma
llcap
10
0
Mid
cap
100
NIF
TY
50
Me
tals
Rea
lty
Ban
k
Ener
gy
Au
to
Pri
vate
Ban
ks
Fin
anci
als
Secv
ice
s
IT S
erv
ice
s
Me
dia
FMC
G
Ph
arm
a
30
Bumper Results for Dec 20 Quarter
31
Source MOSL Research
193 Cos Actual Expected
Sales 0 -2
EBITDA 19 15
PBT 33 20
PAT 31 17
NIFTY 50 Cos Actual Expected
Sales -1 -2
EBITDA 15 10
PBT 23 9
PAT 22 7
Significant Profit Pool Expansion Seen In PSU Banks Cement Auto And Auto Ancillary And Metals
32
Source ICICI Securities Internal Analysis Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
Profit Growth By Sectors
Nifty Earnings Are Expected To Accelerate Sharply Over Next Two Years
33Source NSE Company data IIFL Research Note Based on IIFL estimates
236 285 310 333
372 402 404 386
418 414
483 457 508
685
796
(41)
207
89 74
117
81
05
(45)
83
(10)
167
(54)
111
349
163
(10)
(5)
0
5
10
15
20
25
30
35
40
0
100
200
300
400
500
600
700
800
900
FY0
9
FY1
0
FY1
1
FY1
2
FY1
3
FY1
4
FY1
5
FY1
6
FY1
7
FY1
8
FY1
9
FY2
0
FY2
1ii
FY2
2ii
FY2
3ii
Rs (LHS) YoY (RHS)
Nifty EPS
Valuation Wise ndash Neutral Weight Momentum Wise - Overweight
Neutral weight doesnt mean selling equity It means profitbooking on excess position
34
Market Cap-to-GDP Ratio ndash Above Long Term Average
Market cap-to-GDP ratio Market rebound brings ratio above long term average
OW Equities =Ratio Below Historical Lows Neutral Equities = Ratio at Historical Average
Source Motilal Oswal 35
52
82 83
103
55
95
88
71
64 66
81
69
7983
79
56
104
FY05
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19
FY20
FY21
E
Average of 75 for the period
Valuations Are At The Higher End Of Fair Value
NIFTY PE (x) - 1 Year Forward NIFTY PB (x) - 1 Year Forward
Source Motilal Oswal36
207
8
13
18
23
28
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 179x
31
15
23
30
38
45
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 27x
37
Valuations Above Long Term Average
Source FactSet Kotak Institutional Equities Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
1 Year Forward Sector PE Current 10y Average Premium(discount)
Automobiles 232 158 469Energy 158 110 431Cement 303 219 387
Consumer Discretionary 590 425 387Technology 236 177 331Industrials 250 201 246
Pharmaceuticals 243 222 94Consumers 348 318 94
Metals 93 103 -94Utilities 80 110 -276
Consumer ex ITC 507 394 285Automobiles ex Tata Motors 228 185 231Energy ex Reliance Industries 80 90 -117
1 Year Forward Sector PB Current 10y Average Premium(discount)
Pvt banks 28 25 126PSU banks 10 11 -61
Earnings Are Increasing
38Source Bloomberg
QuarterReported PAT for NSE 500
Rs in CroreAnnualised PAT on Dec 20
Dec 19 122235
Mar 20 53406
June 20 32400
Sept 20 176786 707144
Dec 20 209795 839180
TTM 472387
Market Cap (280221) 18850128
PE Ratio 399 225
Highest Ever Quarterly Profit by India Inc
Valuations Are Not As Perceived
39
Company
PE
FY20Q1FY21
(Annualised)Q2FY21
(Annualised)Q3FY21 (Annualised) FY22E
Shree Cement 634 648 439 383 358
Ultra tech Cement 488 484 375 292 321
Mindtree 397 311 261 203 191
Asian Paints 814 2567 663 447 613
Persistent Systems 378 357 315 265 239
Hero Motocorp 190 2782 181 159 183
Bajaj Auto 223 537 249 182 202
Source Company data Kotak estimates Stocks mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of aninvestment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
The data for FY20 Q1Q2Q3 are actuals (annualised in the quarters) while FY22 is estimates
High Nifty Valuations Conceals the bargain opportunities in select Quality stocks
40Source ICICI Securities Internal Analysis
Adjusted PE Shows The True Valuation
Time To Be Neutral Weight To Equities
Marginally OW Small and Midcap
Marginally UW Large cap
Neutral Weight Equity
41
SIP has performed well
42
Patience Pays Off in SIPKotak Emerging Equity Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty Midcap 100 TRI is the benchmark for Kotak Emerging Equity FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund
43
Kotak Emerging Equity Fund Feb-19 Feb-20 Feb-21
10 Yr 1630 1567 1943
7 Yr 1636 1506 1745
5 yr 1024 889 1807
3 yr 324 526 2647
1 yr -984 1316 9422
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1239 991 1480
7 Yr 1212 867 1370
5 yr 736 317 1440
3 yr 079 -333 2237
1 yr -1572 -097 9753
Patience Pays Off in SIPKotak Tax Saver Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 500 TRI is the benchmark for Kotak Tax Saver FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculatingreturn on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting fromthe beginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer todisclaimer slides for scheme information and detailed performance of the fund
44
Kotak Tax Saver Fund Feb-19 Feb-20 Feb-21
10 Yr 1192 1159 1450
7 Yr 1227 1163 1406
5 yr 924 846 1511
3 yr 631 574 2027
1 yr -093 480 6660
Nifty 500 TRI Feb-19 Feb-20 Feb-21
10 Yr 1138 992 1387
7 Yr 1163 916 1367
5 yr 903 658 1525
3 yr 732 201 1992
1 yr -456 -397 7206
Patience Pays Off in SIPKotak Equity Opportunities Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021Returns are for regular plan Nifty 200 TRI is the benchmark for Kotak Equity Opportunities FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund 45
Kotak Equity Opportunities Fund Feb-19 Feb-20 Feb-21
10 Yr 1277 1242 1526
7 Yr 1281 1192 1443
5 yr 923 885 1540
3 yr 576 582 2067
1 yr -313 720 6502
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1140 992 1368
7 Yr 1165 915 1351
5 yr 931 686 1514
3 yr 822 256 1931
1 yr -274 -478 6874
46
Patience Pays Off in SIPKotak Bluechip Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 50 TRI is the benchmark for Kotak Bluechip FundDisclaimer SIP is an optional feature offered by Kotak Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mutual Past performance may or maynot be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating return on investmentsgiven an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from the beginning of thesubsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides forscheme information and detailed performance of the fund
Kotak Bluechip Fund Feb-19 Feb-20 Feb-21
10 Yr 1078 1016 1354
7 Yr 1064 940 1319
5 yr 758 678 1479
3 yr 539 435 2006
1 yr -282 108 6528
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1108 979 1341
7 Yr 1130 918 1364
5 yr 958 772 1570
3 yr 989 429 1947
1 yr 112 -515 6633
47
Equity Investment Opportunity
48
Kotak Pioneer Fund
India Basketbull Approx 80 of portfolio invested in 35 businesses
in India
bull Digital ecosystems
bull China + strategy for manufacturing
bull Consumer discretionary
bull Healthcare
bull Chemicals
bull Fintech
bull Materials
bull Investing in a global fund with a similar pioneering theme ndash CI SignatureTechnology Fund
bull Much more than FANGM (Facebook Amazon Netflix Google Microsoft)
bull FANGM investment less than 5 of CI Signature Technology Fund as on Jan2021
bull Investments in decentralized finance payments ecommercesemiconductor urban transport social media etc
bull The international diversification ndash hedge against the domestic businesscycle and potential of INR depreciation against the USD over the mediumterm
Companies that use technology through process for enduring competitive advantage
International Diversification
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
1 YearSince
Inception(31102019)
Kotak Pioneer Fund - Regular Plan 5550 3678
Benchmark 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI 4230 2467
Nifty 50 TRI 3137 1752
Less than equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
49
Kotak Small Cap Fund
bull Kotak Small Cap Fund Identifies the hidden growth potential of small cap sized companies
bull The essence is to spot them young and watch them grow
bull Kotak Small Cap Fund focus on investing in quality businesses with strong competitive edge run by great management generating high return on capital amp offering sustainable growth with high market potential and available at reasonable valuations
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Scheme Name 1 Year 3 Year 5 Year 7 Year 10 year
Kotak Small Cap Fund - Reg - Growth 5207 1309 2037 2233 1777
Nifty Smallcap 100 TRI 4344 -017 1412 1488 1045
Healthy growth in Revenue EBITDA and PAT in investee companies in the aftermath of COVID 19 ( Q3FY21)
Sales Growth YoY EBITDA Growth YoY PAT Growth YoY
Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21
Kotak Small Cap Fund -243 53 167 173 262 312 -163 311 338
Kotak Asset Allocator Fund ndash An Effective Asset Allocation Medium To Ride The Market
PeriodKotak Asset Allocator
Fund - GrowthNIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1578 1221 1722
Last 5 Year 1464 1355 1729
Last 3 Years 1462 1199 1288
Last 1 Years 2928 2142 3137
Past performance may or may not be sustained in the future Inception date is as of Aug 09 2004
Mutual Fund investments are subject to market risks read all scheme related documentscarefullySource ICRA As on 28th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Return Profile
bull Higher Flexibility of allocation (0-100 in Equities)bull Current equity allocation is 37
50
51
Debt Investors With Marginal Appetite For Equity Can Consider Investment In Kotak Debt Hybrid Fund
bull Fixed income component at ~75 amp above This keeps the volatility low amp relatively marginal level
bull Equity exposure at 25 or less allows the investor to obtain the flavor of equity play without significant risk to capital
bull SWP can be utilized to meet ldquotax efficientrdquo income requirements of the investor
Source ICRA As on 26th Feb 2021 Industry data is from AMFI and Kotak Debt Hybrid data is from CAMS Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Please consult your tax advisor for further details
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Benchmark Crisil Hybrid 85+15 ndash ConservativeIndex
Net Aum flows in Rs Crs over last 12 months()
As on 31st Jan 2021
885
-15540 -14655
Kotak Debt Hybrid Others Total
Time HorizonKotak Debt Hybrid
Fund Nifty 50 TRI Benchmark
1 Year 1502 3137 1166
2 Years 1329 1742 1206
3 Years 923 1288 1010
5 Years 1046 1729 1030
52
Shift Money To Alpha Generating Large Caps
7 Years 5 Years 3 Years 1 Year
Kotak Bluechip Fund ndash Direct Plan 1655 1694 1272 2655
Nifty 50 TRI 1423 1712 1254 2583
bull Kotak Bluechip Fund is flexible in its large cap themes rather than being rigid in different market scenarios
bull It continues to focus on businesses with favourable supply side dynamics
bull Also focuses on capital efficiency with a reasonable track-record of capitalizing on various opportunities
bull There are broadly 4 sub-themes that fund captures now namely Financial Savings Moving from Lockdown to Unlock Consumer Demand amp Global Business
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than 1 year Absolute returns Greater than 1 year Compound Annualized returnsPast performance may or may not be sustained in the future Direct Growth option Inception Date is 1st Jan 2013 (Regular Plan Dividend Option InceptionDate Dec 29 1998)
Should We Invest In Gold
53
Gold
bull We have highlighted risk of import duty being reduced to our gold call
bull The same has played out in this budget as import duty rationalised from 125 to 10 ( 75 Import Duty Plus Agriculture Cess )
bull If the import duty is reduced further to that extent there will be a drop in Rupee Gold prices instantly
bull Subject to that volatility we remain bullish Gold on a longer term basis
bull Gold has corrected in recent times for accumulation
Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before
acting on any information in this communication54
Active VS Passive Funds in Alpha Generation
55
56
Index Funds Underperforms Index
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documentscarefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance ampscheme information of the fund
Fund Category 1 Year 3 Year 5 Year
SampP BSE Sensex TRI 2990 1420 1790
Category Average 2866 1328 1684
Alpha-124 -092 -106
Fund Category 1 Year 3 Year 5 Year
Nifty 50 TRI3130 1290 1730
Category Average 3019 1193 1606
Alpha-111 -097 -124
Less than 1 year Absolute returns Greater than 1 year CAGR
Active Funds Can Give Alpha
bull Active funds canrsquot take more than 10instocks
bull Fund has to keep Cash to meetredemptions
bull Index changes stocks at the closing price with no impact cost
bull Globally Total Return Index is compared with funds gross return ie expenses are added back to performance In India TRI is compared with net return of the fund
bull In Insurance for eg they comparegross return with PRI In MF wecompare TRI with net return
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
57
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years()
Kotak Infrastructure amp Economic Reform Fund - Dir - Growth
3092 538 157 1841
India Infrastructure Index (Customised Index by IISL)
3064 243 1089 895
Alpha 028 295 481 946
Kotak Small Cap Fund - Dir - Growth 5427 1462 2281 2399
Nifty Smallcap 100 TRI 4344 -017 1512 1488
Alpha 1083 1479 769 911
Kotak Emerging Equity Fund - Dir - Growth 3842 1345 2235 2493
Nifty Midcap 100 TRI 3985 679 1739 1814
Alpha -143 666 496 679
Kotak Flexicap Fund - Dir - Growth 2614 1192 1969 1905
Nifty 200 TRI 3214 1135 1826 1498
Alpha -60 057 143 407
Kotak Equity Opportunities Fund - Dir -Growth
2915 1284 2035 1869
Nifty 200 TRI 3214 1135 1826 1498
Alpha -299 149 209 371
Kotak Tax Saver Fund - Dir - Growth 2841 1353 1996 1889
Nifty 500 TRI 3337 1086 1836 1539
Alpha -496 267 16 35
Less than 1 year Absolute returns Greater than 1 year CAGR
58
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years
Kotak India EQ Contra Fund - Dir - Growth 3288 1444 2107 1711
Nifty 100 TRI 311 1191 1826 1468
Alpha 178 253 281 243
Kotak Bluechip Fund - Dir - Growth 315 1307 1812 1644
Nifty 50 TRI 3127 1288 1837 1414
Alpha 023 019 -025 23
Kotak India Growth Fund - Series IV - Dir - Growth 6903 1602 - -
Nifty 200 TRI 3214 1135 - -
Alpha 3689 467 - -
Kotak Pioneer Fund - Dir - Growth 5808 - - -
85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI
423 - - -
Alpha 1578 - - -
Kotak India Growth Fund - Series V - Dir - Growth 4674 - - -
Nifty 200 TRI 3214 - - -
Alpha 146 - - -
Active Funds Can Give Alpha
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
Less than 1 year Absolute returns Greater than 1 year CAGR
Our Funds Have Bounced From The Bottom
Source MFI Explorer As on 26th February 2021 Past performance may or may not sustain in the future Please consult your financial advisor orother professionals before acting on any information in thiscommunication Please refer to the disclaimer slides for scheme information
59
554
791840 853 855 864 906
9551001
12281308
Kotak BalancedAdvantage
Fund
Kotak EquityHybrid Fund
Kotak FlexicapFund
Kotak Tax SaverFund
Kotak EquityOpportunities
Fund
Kotak FocusedEquity Fund
Kotak BluechipFund
Kotak India EQContra Fund
Kotak EmergingEquity Fund
Kotak PioneerFund
Kotak SmallCap Fund
change in NAV of our funds when Nifty 50 was ~7610 (From 23rd Mar 2020 till 26th Feb 2021)
Regular growth Plans performance
Debt Market Outlook
March 2021
60
61
Source Bloomberg
Liquidity is Here To StayMarket may have misread RBI Signal
-9000
-8000
-7000
-6000
-5000
-4000
-3000
-2000
-1000
0
1000
5
55
6
65
7
75
Jun
-19
Jul-
19
Au
g-1
9
Sep
-19
Oct
-19
No
v-1
9
Dec
-19
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
India 10-Year Bond Yield (LHS)
India Banking System Liquidity (RHS)
INR Bn
bull Overnight rates will remain anchored at Reverse Repo rates longer than what market is pricing in bull RBI aims to normalize CRR in the near-term The CRR normalisation opens up space for a variety of market operations to inject
additional liquidity which may induce curve flattening
62
Fear of Liquidity Withdrawal Spooked The Mid-To-Long End (~2-7years) of The Curve
bull Yield Curve is now pricing in more negatives ndash liquidity tightening rate hikes etc
bull Yields have moved up across the curve especially mid to long end of the yield curve
Source Bloomberg
3
4
5
6
7
8
3M 6M 1Y 2Y 3Y 4Y 5Y 6Y 7Y 8Y 10Y 11Y 12Y 13Y 14Y 15Y 23Y 30Y 40Y
India Sovereign Curve ()
01-Mar-21 31-Dec-20 30-Jun-20
Opportunity of value creation exists in the longer end of the curve
The current yield curve is too steep enhancing the case to chase the carry in fixed income as opposed to capital gains
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
FII Activity in Debt Market
Source Axis Capital
USD Mn
63
(1494)
381
(8680)
(1434)
(2695)
402
(534)(142)
471 520 191 1080
(740) (391)
(10500)
(9000)
(7500)
(6000)
(4500)
(3000)
(1500)
0
1500
3000
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
Source MOSPI ICRASource Bloomberg RBI Internal Research Morgan Stanley Research
406
530
00
10
20
30
40
50
60
70
80
Mar
-15
May
-15
Jul-
15
Sep
-15
No
v-1
5
Jan
-16
Mar
-16
May
-16
Jul-
16
Sep
-16
No
v-1
6
Jan
-17
Mar
-17
May
-17
Jul-
17
Sep
-17
No
v-1
7
Jan
-18
Mar
-18
May
-18
Jul-
18
Sep
-18
No
v-1
8
Jan
-19
Mar
-19
May
-19
Jul-
19
Sep
-19
No
v-1
9
Jan
-20
Mar
-20
May
-20
Jul-
20
Sep
-20
No
v-2
0
Jan
-21
CPI Core CPI
Headline Inflation To Remain Range-bound Though Marginally Above The 4 Mark In The Near Term
bull We expect a prolonged pause from the MPC in FY22 and an accommodative stance until late FY22 at least
CPI is still likely to be above the medium-term target of 4 for most of H1-FY22 further rate cuts appear unlikely unless the economic environment worsens significantly
64
65
RBI Remains Committed on OMOOperation Twist To Fund Govt Borrowing
FY 21 (RE) FY 22 (BE)
Gross Market Borrowing 1279788 1205708
Source indiabudgetgovin Internal Estimates BE is Budgetary estimates RE is revised Estimates
(in Rs Crores)
INR 75000 cr OMOOperation Twist already done post budget borrowing announcement
Source CNBC
SDL Spreads Close To Peak Levels Attractive in Terms of Valuation
10yr Central Govt Gilt Yields vs 10yr SDL Yields
Source RBI Jefferies66
Current Spreads Look Attractive For Long Term Investors
Source Bloomberg Citi Research
Spread between 10year Gilt and 1year Gilt Yield MPCrsquos Focus on Term Premia Is Likely To Prevent Imminent Sharp Rise In Bond Yields
Incremental Spreads in 10 Year provides a good cushion to shocks
67
211
0
50
100
150
200
250
300
Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21
Case For Carry Corporate Bond Spreads Show Attractive Valuation Opportunity
Source Bloomberg Jefferies
Corporate AAA Bond Yield ()
68
444
558
3
35
4
45
5
55
6
65
7
75
Mar
-hellip
Ap
r-2
0
May
-hellip
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
1 Year AAA Corporate Bond
3 Year AAA Corporate Bond
450
500
550
600
650
700
750
800
850
1Y 2Y 3Y 4Y 5Y 7Y 10Y
01-Mar-21 29-Jan-21 31-Dec-19
India Corporate Bond Curve
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
69
Market Is Pricing In More Negative News
NABARD Yield Incremental Yield
adjusted for holding period
Protection for Rise in 10 yrNabard (bps)
Breakeven level10 yr Nabard
A 1 yr 425 After 1 yr
10 yr 715 29 051 766
B 2 yr 505 After 2 yr
10 yr 715 21+21=42 084 799
C 3 yr 56 After 3 yr
10 yr 715 155+155+155=455 103 818
Assuming investment HTM in short bonds for respective holding periods Adjusted is incremental yield for 2 yrmultiplied by 2 and 3 yr by 3
Source Internal Analysis The above illustration is not an indication of our portfolio
Debt Outlook
70
bull Liquidity is here to stay much longer than what market is fearing
bull Overnight rates are expected to gradually trend higher as normalisation of rates take place over the course of next 1 year
bull Fear of Liquidity withdrawal has led to sharp spike in OIS- swap yields in 1 yr at 392 and 2 yr at 435 this effectively means forward curve is pricing in almost 3 rate hikes of 25 bp each in Repo rate for the seller of the 2 yr swap to break even In our opinion is too soon and more than what the fundamental situation can justify purely based on inflation outlook
bull Inspite of the recent spike in crude oil prices average headline inflation for FY 22 is in the band of 5-525
bull With comfort on inflation reduction in gold imports stable to appreciating INR (High Fx reserves)We believe RBI will maintain a status quo along with its accommodative stance as there is no big urgency to rush for rate hikes
bull RBI while not giving OMO calendar is actually done decent amount of OMO till now and remain committed for more As the System isflush with liquidity and FX flows coming RBI is constrained to conduct aggressive OMO and add liquidity As the CRR cut reversal announced earlier will take out about 16 lac cr worth liquidity will increase the ability of the RBI to conduct outright OMO vs OT which will be more positive the long bonds
bull For investors it is best to stick to intended investment horizons as volatility would continue to be order of the day
bull Duration investors with appetite for volatility can look to invest in the Gilt Bond and Dynamic Bond Funds space
bull Investors looking for relatively higher YTM can consider Floating rate Fund Medium-Term Fund and Credit Risk Fund segment
bull Investors should stay invested across fixed income strategies ndash as ldquocarryrdquo assumes significance over ldquocapital gainsrdquo
Debt Investment Opportunity
71
Debt Funds Have Generated Good Returns For The Patient Investors
Source MFi Explorer Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to disclaimer slides for detailed performance and scheme information of the funds 72
Fund Name 3 Year Returns of Fund () (CAGR)
Kotak Gilt Fund 980
Kotak Dynamic Bond Fund 921
Kotak Banking and PSU Debt Fund 894
Kotak Bond Fund 879
Kotak Corporate Bond Fund 838
Kotak Bond Short Term Fund 815
Kotak Credit Risk Fund 702
Kotak Medium Term Fund 650
73
Kotak Dynamic Bond Fund Has Outperformed Over Long-Term Since 2018
928
600
650
700
750
800
850
900
950
1000
1050
Feb
-18
Ap
r-1
8
May
-18
Jul-
18
Au
g-1
8
Sep
-18
No
v-1
8
Dec
-18
Jan
-19
Mar
-19
Ap
r-1
9
Jun
-19
Jul-
19
Au
g-1
9
Oct
-19
No
v-1
9
Jan
-20
Feb
-20
Mar
-20
May
-20
Jun
-20
Jul-
20
Sep
-20
Oct
-20
Dec
-20
Jan
-21
Feb
-21
Rolling Returns()
Kotak Dynamic Bond Fund - Reg - Growth NIFTY Composite Debt Index
915
Credit funds carry credit risk and duration dynamic funds carry interest rate risk
Hence our advice to IFA distributors is that they allocate clients money in both dynamic and accrual funds from a 3 year perspective
Source ICRA As on 26th February 2021 The above returns is daily rolling returns for last 36months Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please refer to the disclaimer slides for detailed performance of the fund
Kotak Medium Term Fund
Fund YTM (As on 26 Feb 2021) Respective Segment YieldsIncremental Earnings
(Spread)
Kotak Medium Term Fund 699 3 Year AA 574 125
Source Bloomberg Data as on 26-Feb-2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for performance details amp scheme information
Mutual fund investment are subject to market risks read all scheme related documents carefully
26-Feb-2021 Average Maturity (Years) Modified Duration (Years) Macaulay Duration (Years)
378 263 281
bull Duration of the fund has come down as we expect normalisation of rates to take place over the course of next 1 year We see merit in running lower duration in Medium Term Fund
bull We believe Kotak Medium Term fund is a reasonably attractive investment option for investors with minimum 1 year investment horizon
74
Attractive Yields Across The Segment
Source Bloomberg Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for scheme details
Mutual fund investment are subject to market risks read all scheme related documents carefully 75
458
699 699
389
638 638
0
1
2
3
4
5
6
7
8
Kotak Low Duration Fund Kotak Credit Risk Fund Kotak Medium Term Fund
YTM () (As on 26 Feb 21) Respective Segment Yields ()
1 Year OIS
3 Year AA
3 Year AA
Incremental Spread 069
Incremental Spread 061
Incremental Spread 061
Distributor Engagement
76
Prostart ndash Video Learning Platform
1FINANCIAL PLANNING (10 VIDEOS)
2SOCIAL MEDIA MARKETING (14 VIDEOS)
3UNDERSTANDING RISK IN MFrsquoS (5 VIDEOS)
4TAXATION IN MFrsquoS (2 VIDEOS)
5NEW NORMAL (1 VIDEOS)
6MAXIMIZING DIGITAL CONNECTIONS (2 VIDEOS)
7HANDLING INVESTOR EMOTIONS (4 VIDEOS)
8ACQUIRING NEW CLIENTS (3 VIDEOS)
9THE NEXT WAVE (3 VIDEOS)
77
Over 25000 Participants
have viewed these Videos (Till Feb 2021)
Testimonials
ldquoGood Initiative developed by Kotak MF to enhance knowledge amp practical approach for MFDsrdquo -Md Qaise Ghazali
ldquoVery Knowledgeable Thank You Kotak MF Teamrdquo ndashVikas Jain
10DEBT DEMYSTIFIED (12 VIDEOS)
78
Business Dashboard
Transaction History
Distributor Initiated Transaction
Capital Gain and Account Statement
Prostart
Business Hub
More than 13574 IFArsquos are actively using Business Hub
Dont miss out on the benefits of Business Hub
Co-branding Marketing Material
Business opportunities
Stay Updated Follow us at Kotak Mutual Fund Click here to visit our YouTube Channel
How To Boost Business Using Business Hub
Product Video ndash Now Available In Different Languages
Kotak Bluechip Fund
Debt Market Outlook ndash March 2021
Kotak NASDAQ-100 FOF
How to make money through equity asset allocation (English)
Equity Market Outlook ndash March 2021
HindiGujaratiMarathiTeluguKannadaTamilMalayalamBengali
English ndash Mr Arjun Khanna amp Ms Lakshmi Iyer amp Mr Harsha Upadhyaya
Hindi - Mr Arjun Khanna
79
80
Please Follow Like And Share Kotak Mutual Fundrsquos Official Social Media Pages For Regular Updates
Twitter - KotakMF - httpstwittercomKotakMF
Facebook - KotakMF - httpsfacebookcomKotakMF
YouTube - Kotak Mutual Fund - httpswwwyoutubecomcKotakMutualFundOfficial
Instagram - Kotak Mutual Fund - httpsinstagramcomkotakmfigshid=kr86qg3u973n
LinkedIn - Kotak Mutual Fund - httpswwwlinkedincomcompanykotak-mutual-fund
ANNEXURES
81
Kotak MF Mantra lsquoReturn of Capitalrsquo is more important
Strong Promoters Cashflow backed business Liquidity and Asset Security are key to our investment ideas
82
Rating amp Category Breakup Across Kotak MF Open-Ended Debt Funds
Data As on 26 Feb 2021
We follow our investment process of focussing on credit quality and liquidity profile of our debt funds and maintain high degree of transparency for investors
Please consult your financial advisor or other professionals before acting on any information in this communication
It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Mutual fund investments are subject to market risks read all scheme related documents carefully
Feb-21 April-20
Credit Rating of Open-Ended Debt Funds of Total AUM of Total AUM
TbillG-SecSDLAAAA1+Cash 9393 9281
AA+ 228 165
AA 248 290
AA- 087 142
Below AA- 043 122
Grand Total (AUM) (INR Cr) 11895880 78624
The above rating allocation does not include NCA (Net Current Assets)
83
bull At Kotak MF we have zero borrowing across all our funds as on 26 Feb 2021
Mutual fund investments are subject to market risks read all scheme related documents carefully
Liquidity Position Of Kotak MF Debt Funds As said earlier our incremental allocation has gone into higher quality assets
Name of the Fund Fund Category of AUM in AAA (Long Term) or
A1+ (Short Term) Sovereign Debt Cash amp NCA (Dec 2020)
of AUM in AAA (Long Term) or A1+ (Short Term) Sovereign Debt
Cash amp NCA (Apr 2020)
Non-Credit Strategies
Kotak Liquid Fund Liquid 100 100
Kotak Money Market Fund Money Market 100 100
Kotak Corporate Bond Fund Corporate Bond 100 100
Kotak Bond Short Term Fund Short Duration 100 100
Kotak Bond Fund Medium to Long Duration 96 86
Kotak Dynamic Bond Fund Dynamic Bond 92 85
Kotak Savings Fund Ultra Short Duration 91 87
Kotak Banking and PSU Debt Fund
Banking and PSU 88 79
Kotak Low Duration Fund Low Duration 85 52
Credit Strategies
Kotak Medium Term Fund Medium Duration 63 50
Kotak Credit Risk Fund Credit Risk 36 27
As on 26 Feb 2021It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Please refer to the disclaimer slides for scheme details
The above rating allocation includes NCA (Net Current Assets)
84
Key Variables amp Their Impact On Interest Rates
Key VariablesShort Term
(3-6mo)Medium Term
(6mo-2yrs)Remarks ndash( Denotes fall in Interest Rates )
InflationHeadline CPI is expected to be in the range of 4-5 for the year Despite expansion of the fiscal deficit the quality ofspending appears to be non inflationary Inflation is unlikely to be area of problem in the year
Rupee
INR has been quite strong since last 3m curtsey strong FDI and FPI flows in equity Lat 1 yr also its marginallydepreciated We have FX reserves closes to 600 bn and given CAD and TD under control INR is expected to remain wellbid We believe in the absence of any geo political event INR is expected to be stable and shall appreciate as economicgrowth stabilizes RBI is keeping INR competitive on REER basis
Credit DemandGradually economy is opening up and Credit growth is expected to pickup as unlocking activity resumes and gains momentum post vaccination in phases However situation is fragile and this may accentuate the situation further However easy rates may help some demand pickup Till then credit growth will not impact rates negatively
Government Borrowing
Union budget has shocked the market by giving 80 extra borrowing for the current year in dated securities Next year also borrowing is on heavier side However we believe the govt RBI may have some credible plan to conduct the borrowing smoothly As the budget is non inflationary and otherwise also inflation is under control there is no reason for govt to give so high real rates hence we believe the RBI will pull some demand leveres such as index inclusion or OMO Will have to wait for MPC
RBI PolicyRbi has shown commitment in the past and there is no reason for taking the rates higher hence we believe RBI is expected to come up with some credible plan If they leave it to the market then we are headed for a tough time
Global Event RiskThe News of a Vaccine has triggered a risk-on event and lead to a sharp rally in risk asset and bonds were sold offHowever yields will look for growth which may not come in a hurry On the other hand the risk of a geopolitical eventis always open
Corporate bond SpreadWhile some green shoots seen but on an over all basis the economy is still struggling Short term spreads have seendecent compression unlikely to compress further meaningfully Long terms bonds still offer attractive spreads but likelyjust a carry trade
Debt FII flowWe have seen some traction coming in near term with revival of flows from the FPI in debt However its seems real flows will only be seen with index inclusion
Liquidity
Despite very high liquidity more than 1 yr yield is moving higher as the fear is RBI will remove accommodation sooner than later However we believe large part of the move is done 2-10 yr curve
85
Key Variables amp Their Impact On Equities
Key VariablesShort -term
Medium ndashterm
Remarks
EconomyWhile Covid-19 impacts economy there is likely to be sequential improvement as Indian economy unlocks
Corporate EarningsWhile Covid-19 impacts corporate India there is likely to be sequential improvement as Indian economy unlocks
FII FlowIndia stands out among global asset classes with prospects of strong long term growth given favorable demographics
DII Flow Long runaway of growth in financialization of savings
Supply of paperHigher disinvestment target and repair of leveraged balance sheet to create supply in markets
PolicyReform Initiative Expect improved reform momentum
Signify Growth 86
Disclaimers amp Disclosures
87
The information contained in this (document) is extracted from different public sources All reasonable care has been taken to ensure that the information contained hereinis 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 KotakMahindra Asset Management Co Ltd or any associated companies or any employee thereofWe are not soliciting any action based on this material and is for generalinformation only Investors should consult their financial advisors if in doubt about whether the product is suitable for them before investing
These materials are not intended for distribution to or use by any person in any jurisdiction where such distribution would be contrary to local law or regulation Thedistribution of this document in certain jurisdictions may be restricted or totally prohibited and accordingly persons who come into possession of this document arerequired to inform themselves about and to observe any such restrictions
Mutual Fund investments are subject to market risks read all scheme related documents carefully
Disclaimers amp Risk Factors
88
Scheme Inception date is 26052008 Mr Deepak Agrawal has been managing the fund since 25112012 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Dynamic Bond Fund As on 26 Feb 2021
Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Banking amp PSU Debt Fund As on 26 Feb 2021
89
Dec 29 1998Kotak Banking and PSU
Debt Fund - GrowthCRISIL Banking and PSU
Debt Index ALPHA CRISIL 1 Year Tbill
Kotak Banking and PSU Debt Fund - Growth
CRISIL Banking and PSU Debt Index
CRISIL 1 Year TBill
Since Inception 753 NA NA 662 50043 NA 41450
Last 1 Year 744 632 112 547 10742 10630 10546
Last 3 Years 894 868 026 665 12926 12834 12127
Last 5 Years 846 854 -008 656 15006 15064 13739
May 26 2008Kotak Dynamic Bond
Fund - GrowthNIFTY Composite Debt
Index ALPHA CRISIL 1 Year TBill
Kotak Dynamic Bond Fund - Growth
NIFTY Composite Debt Index
CRISIL 1 Year TBill
Since Inception 860 846 014 648 28659 28180 22287
Last 1 Year 685 790 -105 547 10683 10788 10546
Last 3 Years 921 934 -013 665 13022 13068 12127
Last 5 Years 912 868 044 656 15470 15161 13739
Scheme Inception date is 06032008 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Low Duration Fund As on 26 Feb 2021
Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Fund As on 26 Feb 2021
90
Mar 06 2008Kotak Low Duration
Fund - GrowthNIFTY Low Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Low Duration Fund - Growth
NIFTY Low Duration Debt Index
CRISIL 1 Year TBill
Since Inception 769 827 -058 648 26178 28053 22605
Last 1 Year 669 594 075 547 10667 10592 10546
Last 3 Years 760 723 037 665 12455 12326 12127
Last 5 Years 774 735 039 656 14514 14256 13739
Nov 25 1999Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
ALPHA CRISIL 10 Year Gilt Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 878 NA NA NA 59893 NA NA
Last 1 Year 672 765 -093 493 10670 10763 10492
Last 3 Years 879 912 -033 894 12872 12990 12927
Last 5 Years 800 859 -058 734 14692 15093 14246
Scheme Inception date is 02052002 Mr Deepak Agrawal has been managing the fund since 11072007 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Short Term Fund on 26 Feb 2021
Scheme Inception date is 21092007 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Corporate Bond Fund on 26 Feb 2021
91
May 02 2002Kotak Bond Short Term
Fund - GrowthNIFTY Short Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Bond Short Term Fund - Growth
NIFTY Short Duration Debt Index
CRISIL 1 Year TBill
Since Inception 772 793 -021 607 40606 42094 30324
Last 1 Year 720 797 -077 547 10718 10794 10546
Last 3 Years 815 828 -013 665 12648 12692 12127
Last 5 Years 785 808 -024 656 14585 14746 13739
Sep 21 2007Kotak Corporate Bond
Fund - GrowthCRISIL Corporate Bond
Composite Index ALPHA CRISIL 1 Year TBill
Kotak Corporate Bond Fund - Growth
CRISIL Corporate Bond Composite Index
CRISIL 1 Year TBill
Since Inception 818 939 -120 645 28790 33407 23163
Last 1 Year 741 793 -052 547 10739 10791 10546
Last 3 Years 838 894 -057 665 12726 12927 12127
Last 5 Years 830 885 -055 656 14898 15277 13739
Scheme Inception date is 11052010 Mr Deepak Agrawal has been managing the fund since 12042010 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Credit Risk Fund As on 26 Feb 2021
Scheme Inception date is 21032014 Mr Deepak Agrawal has been managing the fund since 22062015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Medium Term Fund As on 26 Feb 2021
92
May 11 2010Kotak Credit Risk Fund -
GrowthNIFTY Credit Risk Bond
Index ALPHA CRISIL 1 Year TBill
Kotak Credit Risk Fund -Growth
NIFTY Credit Risk Bond Index
CRISIL 1 Year TBill
Since Inception 808 930 -121 671 23159 26128 20167
Last 1 Year 455 987 -532 547 10453 10984 10546
Last 3 Years 702 900 -198 665 12253 12946 12127
Last 5 Years 755 900 -145 656 14384 15380 13739
Mar 21 2014Kotak Medium Term
Fund - GrowthNIFTY Medium Duration
Debt Index ALPHA CRISIL 10 Year Gilt
Kotak Medium Term Fund - Growth
NIFTY Medium Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 812 900 -088 826 17192 18192 17350
Last 1 Year 456 873 -417 493 10455 10871 10492
Last 3 Years 650 902 -252 894 12078 12954 12927
Last 5 Years 730 863 -133 734 14218 15121 14246
Kotak Balanced Advantage Fund Performance as on 26 Feb 2021
Scheme Inception date is 03082018 Mr Harish Krishnan Mr Abhishek Bisen have been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the periodhave been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point(PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark Alpha is difference ofscheme return with benchmark return
Kotak Debt Hybrid Fund Performance as on 26 Feb 2021
Scheme Inception date is 02122003 Mr Abhishek Bisen has been managing the fund since 01042008 Mr Devender Singhal has been managing the fund since 25082015Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (CompoundedAnnualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of SchemeBenchmark Name of Additional BenchmarkThe performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark returnTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant(PRI)The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using compositeCAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return 93
Aug 03 2018Kotak Balanced
Advantage Fund -Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA Nifty 50 TRI
Kotak Balanced Advantage Fund -
Growth
NIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1092 1167 -075 1130 13052 13281 13166
Last 1 Year 1849 2142 -292 3137 11844 12135 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Dec 02 2003Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
ALPHA CRISIL 10 Year Gilt Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
CRISIL 10 Year Gilt
Since Inception 809 855 -045 582 38280 41141 26537
Last 1 Year 1502 1166 336 493 11497 11162 10492
Last 3 Years 923 1010 -086 894 13030 13341 12927
Last 5 Years 1046 1030 017 734 16443 16319 14246
Kotak Asset Allocator Fund as on 26 Feb 2021
Scheme Inception date is 09082004 Mr Devender Singhal amp Mr Arjun Khanna has been managing the fund since 09052019 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using composite CAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return
Scheme Inception date is 29121998 Mr Abhishek Bisen has been managing the fund since 15042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Gilt Fund As on 26 Feb 2021
94
Aug 09 2004Kotak Asset Allocator
Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA SampP BSE SENSEX TRI
Kotak Asset Allocator Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index SampP BSE SENSEX TRI
Since Inception 1578 1221 357 1579 113266 67426 113398
Last 1 Year 2928 2142 786 3000 12919 12135 12990
Last 3 Years 1462 1199 262 1422 15051 14043 14894
Last 5 Years 1464 1355 109 1789 19793 18868 22764
Dec 29 1998Kotak Gilt Fund -
GrowthNIFTY All Duration G-Sec
Index ALPHA CRISIL 10 Year Gilt
Kotak Gilt Fund -Growth
NIFTY All Duration G-Sec Index
CRISIL 10 Year Gilt
Since Inception 951 NA NA NA 74952 NA NA
Last 1 Year 768 641 128 493 10766 10639 10492
Last 3 Years 980 1001 -021 894 13234 13311 12927
Last 5 Years 892 848 044 734 15325 15020 14246
Kotak Pioneer Fund as on 26 Feb 2021
Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Different plans have different expense structure The performance details provided herein are of regular plan 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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
95
Oct 31 2019Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
ALPHA Nifty 50 TRI Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
Nifty 50 TRI
Since Inception 3678 2467 1211 1752 15149 13397 12386
Last 1 Year 5550 4230 1320 3137 15531 14216 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Feb 25 2008Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
ALPHA Nifty 50 TRI
Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
Nifty 50 TRI
Since Inception 719 133 586 951 24675 11876 32619
Last 1 Year 2940 3064 -124 3137 12931 13054 13127
Last 3 Years 405 243 162 1288 11265 10746 14378
Last 5 Years 1332 1089 243 1729 18676 16760 22189
Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 01022015
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Infrastructure amp Economic Reform Fund as on 26 Feb 2021
96
Feb 20 2018Kotak India Growth Fund -
Series IV - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series IV - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1462 1173 289 1328 15099 13979 14570
Last 1 Year 6667 3224 3443 3137 16644 13214 13127
Last 3 Years 1471 1135 335 1288 15087 13803 14378
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 20022018 Mr Devender Singhal has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak India Growth Fund Series IV as on 26 Feb 2021
Kotak India Growth Fund Series V as on 26 Feb 2021
May 15 2018Kotak India Growth Fund -
Series V - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series V - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1389 1146 243 1265 14372 13534 13939
Last 1 Year 4661 3224 1437 3137 14646 13214 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak Smallcap Fund Performance as on 26 Feb 2021
Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the TotalReturn variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
97
Kotak Smallcap Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1930000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 8187177 3266871 1617790 1001229 576604 190906
Scheme Returns () 1620 1905 1843 2067 3331 12808
NIFTY Smallcap 100 (TRI) Returns () 1048 1159 1036 1161 2174 12178
Alpha 572 746 808 905 1158 630
NIFTY Smallcap 100 (TRI) (Rs) 4794025 2190608 1213472 802393 493594 187746
Nifty 50 (TRI) (Rs)^ 5809863 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1256 1341 1364 1570 1947 6633
Scheme Inception - February 242005 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Feb 24 2005Kotak Smallcap Fund -
GrowthNIFTY Smallcap 100 TRI ALPHA Nifty 50 TRI
Kotak Smallcap Fund -Growth
NIFTY Smallcap 100 TRI Nifty 50 TRI
Since Inception 1648 1274 375 1440 115182 68229 86309
Last 1 Year 5224 4358 866 3137 15207 14344 13127
Last 3 Years 1309 -017 1326 1288 14460 9950 14378
Last 5 Years 2040 1419 622 1729 25291 19406 22189
Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) Performance as on 26 Feb 2021
98
Kotak Flexi Cap Fund (Previously known as Kotak Select Standard Multi Cap Fund)
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1380000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 3453492 2729977 1380165 856388 468086 156611
Scheme Returns () 1505 1571 1397 1426 1792 6240
Nifty 200 (TRI) Returns () 1288 1368 1351 1514 1931 6874
Alpha 218 204 045 -088 -139 -634
Nifty 200 (TRI) (Rs) 3011611 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 2974930 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1268 1341 1364 1570 1947 6633
Scheme Inception - September 11 2009 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 11 2009Kotak Flexi Cap Fund -
GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak Flexi Cap Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1391 1156 235 1140 44527 35062 34492
Last 1 Year 2497 3224 -727 3137 12489 13214 13127
Last 3 Years 1082 1135 -054 1288 13604 13803 14378
Last 5 Years 1738 1719 020 1729 22274 22089 22189
Kotak Emerging Equity Fund Performance As on 26 Feb 2021
Scheme Inception date is 30032007 Mr Pankaj Tibrewal has been managing the fund since 27052010 Different plans have different expense structure The performance detailsprovided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circulardated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha isdifference of scheme return with benchmark return
99
Kotak Emerging Equity Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1680000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 6176383 3334607 1562085 940171 526485 173627
Scheme Returns () 1705 1943 1745 1807 2647 9422
Nifty Midcap 100 (TRI) Returns () 1388 1480 1370 1440 2237 9753
Alpha 316 463 375 368 410 -332
Nifty Midcap 100 (TRI) (Rs) 4795200 2599125 1367070 859342 497885 175354
Nifty 50 (TRI) (Rs)^ 4226246 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1229 1341 1364 1570 1947 6633
Scheme Inception - March 30 2007 The returns are calculated by XIRR approach assuming investment of 10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Mar 30 2007Kotak Emerging Equity
Fund - GrowthNifty Midcap 100 TRI ALPHA Nifty 50 TRI
Kotak Emerging Equity Fund - Growth
Nifty Midcap 100 TRI Nifty 50 TRI
Since Inception 1320 1332 -012 1138 56228 57054 44823
Last 1 Year 3676 3998 -322 3137 13664 13985 13127
Last 3 Years 1207 679 528 1288 14070 12177 14378
Last 5 Years 1997 1624 372 1729 24836 21217 22189
Kotak Tax Saver Fund Performance as on 26 Feb 2021
Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
100
Kotak Tax Saver Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1840000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5208479 2557585 1384584 874589 483657 158907
Scheme Returns () 1251 1450 1406 1511 2027 6660
Nifty 500 (TRI) Returns () 1244 1387 1367 1525 1992 7206
Alpha 007 063 038 -014 035 -546
Nifty 500 (TRI) (Rs) 5177617 2472906 1365740 877640 481312 161867
Nifty 50 (TRI) (Rs)^ 5074950 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1221 1341 1364 1570 1947 6633
Scheme Inception - November 23 2005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initialand final value and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Nov 23 2005Kotak Tax Saver Fund -
GrowthNifty 500 TRI ALPHA Nifty 50 TRI
Kotak Tax Saver Fund -Growth
Nifty 500 TRI Nifty 50 TRI
Since Inception 1217 1303 -085 1328 57797 64882 67113
Last 1 Year 2685 3347 -662 3137 12677 13337 13127
Last 3 Years 1219 1086 133 1288 14116 13621 14378
Last 5 Years 1741 1731 010 1729 22304 22207 22189
Kotak Equity Opportunities Fund Performance as on 26 Feb 2021
Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012 Different plans have different expense structure The performance details provided hereinare of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRAMFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
101
Kotak Equity Opportunities Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1980000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 7635338 2664264 1403160 880871 486395 158045
Scheme Returns () 1478 1526 1443 1540 2067 6502
Nifty 200 (TRI) Returns () 1281 1368 1351 1514 1931 6874
Alpha 197 158 092 026 136 -373
Nifty 200 (TRI) (Rs) 6308482 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 6292270 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1279 1341 1364 1570 1947 6633
Scheme Inception - September 09 2004 The returns are calculated by XIRR approach assuming investment of Rs 10000- 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 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 TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 09 2004Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI ALPHA Nifty 50 TRI Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1831 1537 294 1555 159694 105534 108232
Last 1 Year 2771 3224 -453 3137 12762 13214 13127
Last 3 Years 1158 1135 023 1288 13887 13803 14378
Last 5 Years 1791 1719 072 1729 22776 22089 22189
Kotak Bluechip Fund Performance as on 26 Feb 2021
Since inception date of Kotak Bluechip Fund - Reg Growth is 4022003 Mr Harish Krishnan has been managing the fund since 01012014Different plans have different expense structure Theperformance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000-investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 theperformance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the schemebenchmark performance is calculated using composite CAGR of SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Since Inception date of KotakBluechip Fund- Dividend plan is 29121998 Alpha is difference of scheme return with benchmark return
102
Kotak Bluechip Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 2170000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 9909049 2429408 1342358 867738 482271 158190
Scheme Returns () 1497 1354 1319 1479 2006 6528
Nifty 50 (TRI) Returns () 1393 1341 1364 1570 1947 6633
Alpha 103 013 -045 -091 059 -105
Nifty 50 (TRI) (Rs) 8857197 2412890 1363994 887303 478297 158761
SampP BSE SENSEX (TRI) (Rs)^ 9110194 2472879 1393707 907359 481833 157647
SampP BSE SENSEX (TRI) Returns () 1419 1387 1424 1662 2000 6429
Scheme Inception - December 29 1998 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the scheme benchmark SIP Performance is calculated by taking SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Alpha is difference of scheme return with benchmark return
Feb 04 2003Kotak Bluechip Fund -
GrowthNifty 50 TRI ALPHA SampP BSE SENSEX TRI
Kotak Bluechip Fund -Growth
Nifty 50 TRI SampP BSE SENSEX TRI
Since Inception 1967 1722 246 1738 256865 176573 181028
Last 1 Year 3007 3137 -130 3000 12998 13127 12990
Last 3 Years 1181 1288 -107 1422 13975 14378 14894
Last 5 Years 1575 1729 -154 1789 20767 22189 22764
Kotak India EQ Contra Fund as on 26 Feb 2021
Jul 27 2005Kotak India EQ Contra
Fund - GrowthNifty 100 TRI ALPHA Nifty 50 TRI
Kotak India EQ Contra Fund - Growth
Nifty 100 TRI Nifty 50 TRI
Since Inception 1321 1408 -088 1388 69209 78041 75924
Last 1 Year 3123 3120 003 3137 13113 13110 13127
Last 3 Years 1293 1191 102 1288 14396 14010 14378
Last 5 Years 1830 1719 110 1729 23155 22098 22189
Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
103
Kotak India EQ Contra Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1880000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5753810 2581589 1412974 907013 487708 163570
Scheme Returns () 1309 1467 1463 1660 2087 7522
Nifty 100 (TRI) Returns () 1268 1363 1351 1519 1891 6526
Alpha 041 104 112 141 195 996
Nifty 100 (TRI) (Rs) 5543589 2441380 1357611 876201 474636 158175
Nifty 50 (TRI) (Rs)^ 5371562 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1233 1341 1364 1570 1947 6633
Scheme Inception - July 272005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initial and finalvalue and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Other Funds Managed by Mr Deepak Agarwal
Mr Deepak Agrawal manages 12 funds amp All FMPs of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan (Kotak Bond Short Term Fund (May 02 02) Kotak Dynamic Bond Fund (May 26 08) Kotak Money Market Fund (Nov 25 07) Kotak Liquid Fund (Nov 04 03) Kotak Banking and PSU Debt Fund (Dec 29 98) Kotak Savings Fund (Jul 11 07) Kotak Credit Risk Fund (May 11 10) Kotak Medium Term Fund (Mar 21 14) Kotak Low Duration Fund (Jan 31 15) Kotak Corporate Bond Fund (Sep 21 07) Kotak Overnight Fund (Jan 15 19) All Fixed Maturity Plans in existence (Aug 1315) Kotak Floating Fund (May 14 2019)
Kotak Floating Rate Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 14052019 Mr Deepak Agrawal has been managing the fund since 14052019Kotak Banking and PSU Debt Fund - Growth Name of the Benchmark - CRISIL Banking and PSU Debt Index Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008Kotak Savings Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 13082004 Mr Deepak Agrawal has been managing the fund since 01042008Kotak Liquid Fund - Growth Name of the Benchmark - NIFTY Liquid Index Scheme Inception date is 04112003 Mr Deepak Agrawal has been managing the fund since 01052007Kotak Overnight Fund - Growth Name of the Benchmark - NIFTY 1D Rate Index Scheme Inception date is 15012019 Mr Deepak Agrawal has been managing the fund since 15012019Kotak Money Market Fund - Growth Name of the Benchmark - NIFTY Money Market Index Scheme Inception date is 14072003 Mr Deepak Agrawal has been managing the fund since 01112006
104
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Floating Rate Fund - Growth 808 514 NA NA NA NA 772 610
Kotak Banking and PSU Debt Fund - Growth 744 632 894 868 846 854 753 NA
Kotak Savings Fund - Growth 524 514 684 696 705 716 760 797
Bottom 3
Kotak Money Market Fund - Growth 520 471 692 638 699 672 728 742
Kotak Liquid Fund - Growth 377 388 577 582 627 624 715 717
Kotak Overnight Fund - Growth 296 312 NA NA NA NA 429 443
Funds Managed by Mr Harsha Upadhyaya
Mr Harsha Upadhyaya manages 4 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Opportunities Fund (Sep 9 04) Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) (Sep 11 09) Kotak Tax Saver Fund (Nov 2305)
Funds Managed by Mr Pankaj Tibrewal
Mr Pankaj Tibrewal manages 3 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Small Cap Fund (Feb 2405) Kotak Emerging Equity Fund (Mar 3007) Kotak Equity Hybrid Fund (Nov 2599) Kotak Smallcap Fund - Growth Name of the Benchmark - NIFTY Smallcap 100 TRI Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010 Kotak Equity Hybrid Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008
105
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Equity Opportunities Fund - Growth 2771 3224 1158 1135 1791 1719 1831 1537
Kotak Tax Saver Fund - Growth 2685 3347 1219 1086 1741 1731 1217 1303
Kotak Flexi Cap Fund - Growth 2497 3224 1082 1135 1738 1719 1391 1156
Kotak ESG Opportunities Fund - Growth Kotak ESG Opportunities Fund has not yet completed 1 year from Inception the performance of the scheme is not disclosed
Kotak Equity Opportunities Fund - Growth (Erstwhile Kotak Opportunities) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012
Kotak Tax Saver Fund - Growth Name of the Benchmark - Nifty 500 TRI Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015
Kotak Flexi Cap Fund - Growth (Erstwhile Kotak Standard Multicap Fund) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Small Cap Fund - Growth 5224 4358 1309 -017 2040 1419 1648 1274
Kotak Emerging Equity Fund - Growth 3676 3998 1207 679 1997 1624 1320 1332
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Funds Managed by Mr Hiten Shah
Mr Hiten Shah manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Balanced Advantage Fund (Aug 03 18) Kotak Equity Savings Fund (Oct 13 2014) Kotak Equity Arbitrage Fund (Sep 29 05) Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Equity Arbitrage Fund - Growth Name of the Benchmark - Nifty 50 Arbitrage Index Scheme Inception date is 29092005 Mr Hiten Shah has been managing the fund since 03102019
Funds Managed by Ms Shibani Kurian
Ms Shibani Kurian manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak India EQ Contra Fund - Growth (July 27 05) Kotak India Growth Fund Series 7 (Aug 31 18) Kotak Focused Equity fund (Jul 16 19) Kotak India EQ Contra Fund - Growth (Erstwhile Classic Equity Fund) Name of the Benchmark - Nifty 100 TRI Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak India Growth Fund - Series 7 - Growth Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 31082018 Ms Shibani Kurian has been managing the fund since 09052019
106
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Balanced Advantage Fund - Growth 1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Kotak Equity Arbitrage Fund - Growth 354 186 539 454 577 484 713 NA
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak India EQ Contra Fund - Growth 3123 3120 1293 1191 1830 1719 1321 1408
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak India Growth Fund - Series 7 - Growth 2018 3137 NA NA NA NA 1042 1037
Other Funds Managed by Mr Harish Krishnan
Mr Harish Krishnan manages 7 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak BluechipFund (Feb 04 03) Kotak Infrastructure amp Economic Reform Fund (Feb 25 08) Kotak India Growth Fund Series 5 (May1518) Kotak Balanced Advantage Fund (Aug 0318) Kotak Equity Savings Fund (Oct 13 14) Kotak Focused Equity fund (Jul 16 19) Kotak Pioneer Fund (Oct 31 19
Kotak Pioneer Fund - Growth Name of the Benchmark - 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Kotak India Growth Fund Series 5- Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018Kotak Bluechip Fund - Growth (Erstwhile Kotak 50) Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 04022003 Mr Harish Krishnan has been managing the fund since 15112013Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Infrastructure and Economic Reform Fund - Growth Name of the Benchmark - India Infrastructure Index (Customised Index by IISL) Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 31012015
107
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Pioneer Fund - Growth 5550 4230 NA NA NA NA 3678 2467
Kotak India Growth Fund - Series 5 - Growth 4661 3224 NA NA NA NA 1389 1146
Kotak Bluechip Fund - Growth 3007 3137 1181 1288 1575 1729 1967 1722
Bottom 3
Kotak Infrastructure and Economic Reform Fund -Growth
2940 3064 405 243 1332 1089 719 133
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Other Funds Managed by Mr Abhishek Bisen
Mr Abhishek Bisen manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Hybrid Fund (Nov 05 2014) Kotak Debt Hybrid Fund (Dec 02 03) Kotak Bond Fund (Regular Plan) (Apr 15 08) Kotak Gilt Fund (Regular amp PF-Trust) (Dec 29 98) Kotak Equity Savings Fund (Oct 13 14) Kotak Gold ETF (Jul 27 07) Kotak Gold Fund (Mar 25 11) Kotak Balanced Advantage Fund (Aug 03 18)
Kotak Gold Fund - Growth Name of the Benchmark - Price of Gold Scheme Inception date is 25032011 Mr Abhishek Bisen has been managing the fund since 04032011Kotak Gold ETF Name of the Benchmark - Price of Gold Scheme Inception date is 27072007 Mr Abhishek Bisen has been managing the fund since 15042008 amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Equity Hybrid Fund - Growth (Erstwhile Kotak Balance) Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 and Kotak Equity Hybrid Fund - Regular plan scheme inception date is 3rd November 2014 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008Kotak Bond Fund - Growth Name of the Benchmark - NIFTY Medium to Long Duration Debt Index Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Balanced Advantage Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 5050 Index Scheme Inception date is 03082018 Mr Abhishek Bisen amp Mr Harish Krishnan has been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019
108
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Kotak Balanced Advantage Fund - Growth1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth1314 963 790 704 934 816 837 719
Bottom 3
Kotak Gold Fund - Growth 741 765 1445 1467 887 860 671 815
Kotak Gold ETF 710 765 1380 1467 764 860 1178 1290
Kotak Bond Fund - Growth 672 765 879 912 800 859 878 NA
Other Funds Managed by Mr Devender Singhal
Mr Devender Singhal manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak DebtHybrid Fund - Growth (Dec 02 03) Kotak India Growth Fund Series-4 (Feb 14 18) Kotak NV20 ETF (Dec 01 15) Kotak Banking ETF (Dec 10 14) Kotak Sensex ETF (Jun 06 08) Kotak Asset AllocatorFund (Aug 09 04) Kotak PSU Bank ETF (Nov 08 07) Kotak Nifty ETF (Feb 02 10)
Kotak India Growth Fund - Series 4 - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 14022018 Mr Devender Singhal has been managing the fund since 24012019Kotak NV20 ETF - Name of the Benchmark Nifty 50 Value 20 TRI Scheme Inception date is 01122015 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Sensex ETF Name of the Benchmark - SampP BSE SENSEX TRI Scheme Inception date is 06062008 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Nifty ETF Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 02022010 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Banking ETF Name of the Benchmark - Nifty Bank TRI Scheme Inception date is 10122014 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak PSU Bank ETF - Name of the Benchmark Nifty PSU Bank TRI Scheme Inception date is 08112007 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019
109
Scheme Name
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak India Growth Fund - Series 4 -Growth
6667 3224 1471 1135 NA NA 1462 1173
Kotak NV20 ETF 3937 4355 1526 1660 1902 2002 1643 1620
Kotak Nifty ETF 3078 3137 1261 1288 1647 1729 1044 1181
Bottom 3
Kotak Sensex ETF 2955 3000 1390 1422 1696 1789 982 1097
Kotak PSU Bank ETF 2203 2303 -876 -807 248 359 -163 -014
Kotak Banking ETF 1749 1948 1108 1183 2008 2068 1087 1132
Fund Type of Scheme
Kotak Equity Opportunities Fund Large amp Mid Cap Fund - An open ended equity scheme investing in both large cap and mid cap stocks
Kotak Small Cap Fund Small cap fund - An open-ended equity scheme predominantly investing in small cap stocks
Kotak Emerging Equity Fund Mid Cap Fund - An open ended equity scheme predominantly investing in mid cap stocks
Kotak Tax Saver Fund An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
Kotak Balanced Advantage Fund Open ended Dynamic Asset Allocation Fund
Kotak Pioneer Fund An open ended equity scheme investing in pioneering innovations theme
Kotak India EQ Contra Fund An open-ended equity scheme following contrarian investment strategy
Kotak Debt Hybrid Fund An open ended hybrid scheme investing predominantly in debt instruments
Kotak Bluechip Fund Large cap fund - An open-ended equity scheme predominantly investing in large cap stocks
Kotak Asset Allocator FundAn open ended fund of fund scheme investing in specified open-ended equity and debt Schemes of Kotak Mahindra
Mutual Fund
Kotak Equity Arbitrage Fund An open ended scheme investing in arbitrage opportunities
Kotak Equity Savings Fund An open ended scheme investing in equity arbitrage and debt
Kotak Flexicap Fund Flexicap Fund - An open ended dynamic equity scheme investing across large cap mid cap small cap stocks
Kotak Focused Equity Fund An open ended equity scheme investing in maximum 30 stocks in large-cap mid-cap and small-cap category
Kotak Floating Rate Fund An open ended debt scheme predominantly investing in floating rate instruments
Kotak Equity Hybrid Fund An open-ended hybrid scheme investing predominantly in equity and equity related instruments
Kotak International REIT FoFAn open ended fund of fund scheme investing in units of SMAM ASIA REIT Sub Trust fund andor other similar overseas
REIT funds
Kotak ESG Opportunities FundAn open ended equity scheme which follows the Environment Social and Governance (ESG) theme with flexibility of
investing across market capitalization 110
Fund Type of Scheme
Kotak Overnight Fund An open ended debt scheme investing in overnight securities
Kotak Gilt Fund An open ended debt scheme investing in government securities across maturity
Kotak Money Market Fund An open ended debt scheme investing in money market instruments
Kotak Savings Fund An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months
Kotak Bond Short Term Fund An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years
Kotak Corporate Bond Fund An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds
Kotak Credit Risk Fund An open ended debt scheme predominantly investing in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds)
Kotak Banking amp PSU Debt Fund An open ended debt scheme predominantly investing in Debt instruments of banks Public Sector Undertakings Public Financial Institutions and Municipal Bonds
Kotak Liquid Fund An open ended liquid scheme
Kotak Low Duration Fund An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months
Kotak Medium Term Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years
Kotak Dynamic Bond Fund An open ended dynamic debt scheme investing across duration
Kotak Bond Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years
Kotak India Growth Fund Series 5
Multicap Fund - A 1099 days close ended equity scheme investing across large cap midcap and small cap stocks
Kotak India Growth Fund Series 4
Multicap Fund - A 36 months close ended equity scheme investing across large cap midcap and small cap stocks
Kotak Infrastructure amp Economic Reform Fund
An open ended equity scheme following Infrastructure amp Economic Reform theme
111
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 112
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 113
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 114
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 115
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 116
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector biasKotak India Growth Series 4
Kotak India Growth Series 5bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector bias
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 117
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 118
Kotak Liquid Fund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Thank You
Stay Safe Stay Healthy and Stay Invested
119
Equity Market Outlook
March 2021
2
3
Content Page Numbers
Global Economy 4
Indian Economy 12
Risk 23
Equity Markets 28
Valuation 34
SIP Has Performed Well 42
Equity Investment Opportunity 47
Should We Invest In Gold 53
Active VS Passive Funds in Alpha Generation 55
Debt Market Outlook 60
Debt Investment Opportunity 71
Distributor Engagement 76
Annexure 81
Disclaimers amp Disclosures 87
Global Economy
4
Global GDP Growth Set To Recover Sharply
5Note Based on MSCI ACWI countries Source Jefferies Factset IMF
US Federal Government Budget Deficit amp Borrowing Has Gone Up Significantly
6Source US Treasury Department yardenicom
(billion dollars)
Solid Breadth Of Companies Beating Earnings Estimates Across Regions
7Source Bloomberg Finance LP Deutsche Bank
Market Likely Driven By Excess Personal Savings
8
US Excess Personal Savings
Source BEA Haver Analytics Morgan Stanley Research forecasts as of Jan 25 2021
US Retail Investors Plan To Put A Significant Chunk Of Any Forthcoming Stimulus Into The Stock Market
9
Planned proportion of stimulus amount in stock market investment if received in 2021 ()
Source dbDIG Survey Deutsche Bank Asset Allocation
Surge In US Inflation Expectation Continues UnabatedNow at Its Highest Level In Over 8 Years
10Source Compoundadvisorscom
Commodity Prices Are Rising But Not Yet To Dramatic Levels of 2007-08
11Source Refinitiv
lndian Economy
12
Headlines In Feb 21
13
Source Business Today
Source Bloomberg Quint
Updated on Feb 09 2021 0701 PM IST
Headlines In Feb 21
14
Source Business Standard
Source Bloomberg Quint
Company Registration Jumps 21 in April ndash Decrsquo20
15Source MCA
Sharp growth was due to the progression of smaller firms and LLPs towards forming companies as growth picked up along with improved facilitation through digital services
Indiarsquos Debt To GDP VS Major Economies
16Source Economic Survey 2020-21
Indiarsquos Public Debt To GDP Has Been Significantly Low Compared To Other Countries
Governmentrsquos Reform Momentum To Bolster Potential Growth
17Source Elara Securities
18
V Shaped Recovery
Source HIS Markit Bloomberg Index reading above 50 signals growth Score is generated on the three-month weighted averages of the indicators against the past thirty months of historical data
Domestic and overseas demand hold up for Indian companies
Nomura India Business Resumption Index Is Almost At Pre-Pandemic Levels
19
The resurgence of COVID-19 could represent a downside risk
Source Google Apple CMIE Bloomberg and Nomura Global Economics
PLI Schemes Can Add 16 To FY27 GDP amp Encourage Domestic Industry
Source RAVE Credit Suisseestimates 20
Real Estate Should Support Economic Recovery
Source The BLOOMBERG PROFESSIONALTM service Credit Suisse estimates
Mortgage rates have fallen to record lowsAffordability levels at all-time high
Source SBI HDFC Jefferies 21
Budget Aims For Ambitious Infra Spending In FY22
22
Budget has laid ambitious target for FY22 spending Infrastructure capex allocation for FY22 is steep execution key
Source Budget Elara Securities Research
Risk
23
Covid 19 Isnrsquot Yet Over
24Source Times of India
Upside Risks To Inflation Remain
25
Source CEIC UBS
RBI Survey Indicates Confidence Still Lagging
26Source RBI
Unemployment is Down but Income
27
CMIE Series of Unemployment unemployment rate (UER) (gt=15)
Unemployment Rate 30 day moving average ()
Unemployment Rate01 Mar 2021
Source CMIEcom
Equity Markets
28
Sare Jahan Se Acha Hindustan Hamara
Source Axis Capital29
-240
-168
-79
-72
-56
-26
-18
39
266(USD bn)
12 MONTHS FPI FLO W (Feb20 to Feb21)
India
Brazil
Indonesia
Philippines
Malaysia
South Africa
Thailand
Taiwan
South Korea
Source Bloomberg Axis Capital As on 28th February 2021 Past Performance may or may not sustain in the future
Performance Across Market Cap
Performance as on 28th Feb 2021 Sectoral Performance CY20 YTD ()
66
113 122
297
386 418
115
58
(12)
156 151 130
105 122
92
(10)
0
10
20
30
40
50
Nifty-50 Nifty Midcap 100 NSE SmallCap 100
1m returns 1y returns 3 yr CAGR 5 yr CAGR 10 yr CAGR
14
12
4
17
11 11 11 11
8
65
0
-1
-5
-8
Sma
llcap
10
0
Mid
cap
100
NIF
TY
50
Me
tals
Rea
lty
Ban
k
Ener
gy
Au
to
Pri
vate
Ban
ks
Fin
anci
als
Secv
ice
s
IT S
erv
ice
s
Me
dia
FMC
G
Ph
arm
a
30
Bumper Results for Dec 20 Quarter
31
Source MOSL Research
193 Cos Actual Expected
Sales 0 -2
EBITDA 19 15
PBT 33 20
PAT 31 17
NIFTY 50 Cos Actual Expected
Sales -1 -2
EBITDA 15 10
PBT 23 9
PAT 22 7
Significant Profit Pool Expansion Seen In PSU Banks Cement Auto And Auto Ancillary And Metals
32
Source ICICI Securities Internal Analysis Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
Profit Growth By Sectors
Nifty Earnings Are Expected To Accelerate Sharply Over Next Two Years
33Source NSE Company data IIFL Research Note Based on IIFL estimates
236 285 310 333
372 402 404 386
418 414
483 457 508
685
796
(41)
207
89 74
117
81
05
(45)
83
(10)
167
(54)
111
349
163
(10)
(5)
0
5
10
15
20
25
30
35
40
0
100
200
300
400
500
600
700
800
900
FY0
9
FY1
0
FY1
1
FY1
2
FY1
3
FY1
4
FY1
5
FY1
6
FY1
7
FY1
8
FY1
9
FY2
0
FY2
1ii
FY2
2ii
FY2
3ii
Rs (LHS) YoY (RHS)
Nifty EPS
Valuation Wise ndash Neutral Weight Momentum Wise - Overweight
Neutral weight doesnt mean selling equity It means profitbooking on excess position
34
Market Cap-to-GDP Ratio ndash Above Long Term Average
Market cap-to-GDP ratio Market rebound brings ratio above long term average
OW Equities =Ratio Below Historical Lows Neutral Equities = Ratio at Historical Average
Source Motilal Oswal 35
52
82 83
103
55
95
88
71
64 66
81
69
7983
79
56
104
FY05
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19
FY20
FY21
E
Average of 75 for the period
Valuations Are At The Higher End Of Fair Value
NIFTY PE (x) - 1 Year Forward NIFTY PB (x) - 1 Year Forward
Source Motilal Oswal36
207
8
13
18
23
28
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 179x
31
15
23
30
38
45
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 27x
37
Valuations Above Long Term Average
Source FactSet Kotak Institutional Equities Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
1 Year Forward Sector PE Current 10y Average Premium(discount)
Automobiles 232 158 469Energy 158 110 431Cement 303 219 387
Consumer Discretionary 590 425 387Technology 236 177 331Industrials 250 201 246
Pharmaceuticals 243 222 94Consumers 348 318 94
Metals 93 103 -94Utilities 80 110 -276
Consumer ex ITC 507 394 285Automobiles ex Tata Motors 228 185 231Energy ex Reliance Industries 80 90 -117
1 Year Forward Sector PB Current 10y Average Premium(discount)
Pvt banks 28 25 126PSU banks 10 11 -61
Earnings Are Increasing
38Source Bloomberg
QuarterReported PAT for NSE 500
Rs in CroreAnnualised PAT on Dec 20
Dec 19 122235
Mar 20 53406
June 20 32400
Sept 20 176786 707144
Dec 20 209795 839180
TTM 472387
Market Cap (280221) 18850128
PE Ratio 399 225
Highest Ever Quarterly Profit by India Inc
Valuations Are Not As Perceived
39
Company
PE
FY20Q1FY21
(Annualised)Q2FY21
(Annualised)Q3FY21 (Annualised) FY22E
Shree Cement 634 648 439 383 358
Ultra tech Cement 488 484 375 292 321
Mindtree 397 311 261 203 191
Asian Paints 814 2567 663 447 613
Persistent Systems 378 357 315 265 239
Hero Motocorp 190 2782 181 159 183
Bajaj Auto 223 537 249 182 202
Source Company data Kotak estimates Stocks mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of aninvestment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
The data for FY20 Q1Q2Q3 are actuals (annualised in the quarters) while FY22 is estimates
High Nifty Valuations Conceals the bargain opportunities in select Quality stocks
40Source ICICI Securities Internal Analysis
Adjusted PE Shows The True Valuation
Time To Be Neutral Weight To Equities
Marginally OW Small and Midcap
Marginally UW Large cap
Neutral Weight Equity
41
SIP has performed well
42
Patience Pays Off in SIPKotak Emerging Equity Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty Midcap 100 TRI is the benchmark for Kotak Emerging Equity FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund
43
Kotak Emerging Equity Fund Feb-19 Feb-20 Feb-21
10 Yr 1630 1567 1943
7 Yr 1636 1506 1745
5 yr 1024 889 1807
3 yr 324 526 2647
1 yr -984 1316 9422
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1239 991 1480
7 Yr 1212 867 1370
5 yr 736 317 1440
3 yr 079 -333 2237
1 yr -1572 -097 9753
Patience Pays Off in SIPKotak Tax Saver Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 500 TRI is the benchmark for Kotak Tax Saver FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculatingreturn on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting fromthe beginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer todisclaimer slides for scheme information and detailed performance of the fund
44
Kotak Tax Saver Fund Feb-19 Feb-20 Feb-21
10 Yr 1192 1159 1450
7 Yr 1227 1163 1406
5 yr 924 846 1511
3 yr 631 574 2027
1 yr -093 480 6660
Nifty 500 TRI Feb-19 Feb-20 Feb-21
10 Yr 1138 992 1387
7 Yr 1163 916 1367
5 yr 903 658 1525
3 yr 732 201 1992
1 yr -456 -397 7206
Patience Pays Off in SIPKotak Equity Opportunities Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021Returns are for regular plan Nifty 200 TRI is the benchmark for Kotak Equity Opportunities FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund 45
Kotak Equity Opportunities Fund Feb-19 Feb-20 Feb-21
10 Yr 1277 1242 1526
7 Yr 1281 1192 1443
5 yr 923 885 1540
3 yr 576 582 2067
1 yr -313 720 6502
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1140 992 1368
7 Yr 1165 915 1351
5 yr 931 686 1514
3 yr 822 256 1931
1 yr -274 -478 6874
46
Patience Pays Off in SIPKotak Bluechip Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 50 TRI is the benchmark for Kotak Bluechip FundDisclaimer SIP is an optional feature offered by Kotak Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mutual Past performance may or maynot be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating return on investmentsgiven an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from the beginning of thesubsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides forscheme information and detailed performance of the fund
Kotak Bluechip Fund Feb-19 Feb-20 Feb-21
10 Yr 1078 1016 1354
7 Yr 1064 940 1319
5 yr 758 678 1479
3 yr 539 435 2006
1 yr -282 108 6528
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1108 979 1341
7 Yr 1130 918 1364
5 yr 958 772 1570
3 yr 989 429 1947
1 yr 112 -515 6633
47
Equity Investment Opportunity
48
Kotak Pioneer Fund
India Basketbull Approx 80 of portfolio invested in 35 businesses
in India
bull Digital ecosystems
bull China + strategy for manufacturing
bull Consumer discretionary
bull Healthcare
bull Chemicals
bull Fintech
bull Materials
bull Investing in a global fund with a similar pioneering theme ndash CI SignatureTechnology Fund
bull Much more than FANGM (Facebook Amazon Netflix Google Microsoft)
bull FANGM investment less than 5 of CI Signature Technology Fund as on Jan2021
bull Investments in decentralized finance payments ecommercesemiconductor urban transport social media etc
bull The international diversification ndash hedge against the domestic businesscycle and potential of INR depreciation against the USD over the mediumterm
Companies that use technology through process for enduring competitive advantage
International Diversification
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
1 YearSince
Inception(31102019)
Kotak Pioneer Fund - Regular Plan 5550 3678
Benchmark 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI 4230 2467
Nifty 50 TRI 3137 1752
Less than equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
49
Kotak Small Cap Fund
bull Kotak Small Cap Fund Identifies the hidden growth potential of small cap sized companies
bull The essence is to spot them young and watch them grow
bull Kotak Small Cap Fund focus on investing in quality businesses with strong competitive edge run by great management generating high return on capital amp offering sustainable growth with high market potential and available at reasonable valuations
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Scheme Name 1 Year 3 Year 5 Year 7 Year 10 year
Kotak Small Cap Fund - Reg - Growth 5207 1309 2037 2233 1777
Nifty Smallcap 100 TRI 4344 -017 1412 1488 1045
Healthy growth in Revenue EBITDA and PAT in investee companies in the aftermath of COVID 19 ( Q3FY21)
Sales Growth YoY EBITDA Growth YoY PAT Growth YoY
Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21
Kotak Small Cap Fund -243 53 167 173 262 312 -163 311 338
Kotak Asset Allocator Fund ndash An Effective Asset Allocation Medium To Ride The Market
PeriodKotak Asset Allocator
Fund - GrowthNIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1578 1221 1722
Last 5 Year 1464 1355 1729
Last 3 Years 1462 1199 1288
Last 1 Years 2928 2142 3137
Past performance may or may not be sustained in the future Inception date is as of Aug 09 2004
Mutual Fund investments are subject to market risks read all scheme related documentscarefullySource ICRA As on 28th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Return Profile
bull Higher Flexibility of allocation (0-100 in Equities)bull Current equity allocation is 37
50
51
Debt Investors With Marginal Appetite For Equity Can Consider Investment In Kotak Debt Hybrid Fund
bull Fixed income component at ~75 amp above This keeps the volatility low amp relatively marginal level
bull Equity exposure at 25 or less allows the investor to obtain the flavor of equity play without significant risk to capital
bull SWP can be utilized to meet ldquotax efficientrdquo income requirements of the investor
Source ICRA As on 26th Feb 2021 Industry data is from AMFI and Kotak Debt Hybrid data is from CAMS Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Please consult your tax advisor for further details
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Benchmark Crisil Hybrid 85+15 ndash ConservativeIndex
Net Aum flows in Rs Crs over last 12 months()
As on 31st Jan 2021
885
-15540 -14655
Kotak Debt Hybrid Others Total
Time HorizonKotak Debt Hybrid
Fund Nifty 50 TRI Benchmark
1 Year 1502 3137 1166
2 Years 1329 1742 1206
3 Years 923 1288 1010
5 Years 1046 1729 1030
52
Shift Money To Alpha Generating Large Caps
7 Years 5 Years 3 Years 1 Year
Kotak Bluechip Fund ndash Direct Plan 1655 1694 1272 2655
Nifty 50 TRI 1423 1712 1254 2583
bull Kotak Bluechip Fund is flexible in its large cap themes rather than being rigid in different market scenarios
bull It continues to focus on businesses with favourable supply side dynamics
bull Also focuses on capital efficiency with a reasonable track-record of capitalizing on various opportunities
bull There are broadly 4 sub-themes that fund captures now namely Financial Savings Moving from Lockdown to Unlock Consumer Demand amp Global Business
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than 1 year Absolute returns Greater than 1 year Compound Annualized returnsPast performance may or may not be sustained in the future Direct Growth option Inception Date is 1st Jan 2013 (Regular Plan Dividend Option InceptionDate Dec 29 1998)
Should We Invest In Gold
53
Gold
bull We have highlighted risk of import duty being reduced to our gold call
bull The same has played out in this budget as import duty rationalised from 125 to 10 ( 75 Import Duty Plus Agriculture Cess )
bull If the import duty is reduced further to that extent there will be a drop in Rupee Gold prices instantly
bull Subject to that volatility we remain bullish Gold on a longer term basis
bull Gold has corrected in recent times for accumulation
Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before
acting on any information in this communication54
Active VS Passive Funds in Alpha Generation
55
56
Index Funds Underperforms Index
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documentscarefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance ampscheme information of the fund
Fund Category 1 Year 3 Year 5 Year
SampP BSE Sensex TRI 2990 1420 1790
Category Average 2866 1328 1684
Alpha-124 -092 -106
Fund Category 1 Year 3 Year 5 Year
Nifty 50 TRI3130 1290 1730
Category Average 3019 1193 1606
Alpha-111 -097 -124
Less than 1 year Absolute returns Greater than 1 year CAGR
Active Funds Can Give Alpha
bull Active funds canrsquot take more than 10instocks
bull Fund has to keep Cash to meetredemptions
bull Index changes stocks at the closing price with no impact cost
bull Globally Total Return Index is compared with funds gross return ie expenses are added back to performance In India TRI is compared with net return of the fund
bull In Insurance for eg they comparegross return with PRI In MF wecompare TRI with net return
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
57
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years()
Kotak Infrastructure amp Economic Reform Fund - Dir - Growth
3092 538 157 1841
India Infrastructure Index (Customised Index by IISL)
3064 243 1089 895
Alpha 028 295 481 946
Kotak Small Cap Fund - Dir - Growth 5427 1462 2281 2399
Nifty Smallcap 100 TRI 4344 -017 1512 1488
Alpha 1083 1479 769 911
Kotak Emerging Equity Fund - Dir - Growth 3842 1345 2235 2493
Nifty Midcap 100 TRI 3985 679 1739 1814
Alpha -143 666 496 679
Kotak Flexicap Fund - Dir - Growth 2614 1192 1969 1905
Nifty 200 TRI 3214 1135 1826 1498
Alpha -60 057 143 407
Kotak Equity Opportunities Fund - Dir -Growth
2915 1284 2035 1869
Nifty 200 TRI 3214 1135 1826 1498
Alpha -299 149 209 371
Kotak Tax Saver Fund - Dir - Growth 2841 1353 1996 1889
Nifty 500 TRI 3337 1086 1836 1539
Alpha -496 267 16 35
Less than 1 year Absolute returns Greater than 1 year CAGR
58
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years
Kotak India EQ Contra Fund - Dir - Growth 3288 1444 2107 1711
Nifty 100 TRI 311 1191 1826 1468
Alpha 178 253 281 243
Kotak Bluechip Fund - Dir - Growth 315 1307 1812 1644
Nifty 50 TRI 3127 1288 1837 1414
Alpha 023 019 -025 23
Kotak India Growth Fund - Series IV - Dir - Growth 6903 1602 - -
Nifty 200 TRI 3214 1135 - -
Alpha 3689 467 - -
Kotak Pioneer Fund - Dir - Growth 5808 - - -
85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI
423 - - -
Alpha 1578 - - -
Kotak India Growth Fund - Series V - Dir - Growth 4674 - - -
Nifty 200 TRI 3214 - - -
Alpha 146 - - -
Active Funds Can Give Alpha
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
Less than 1 year Absolute returns Greater than 1 year CAGR
Our Funds Have Bounced From The Bottom
Source MFI Explorer As on 26th February 2021 Past performance may or may not sustain in the future Please consult your financial advisor orother professionals before acting on any information in thiscommunication Please refer to the disclaimer slides for scheme information
59
554
791840 853 855 864 906
9551001
12281308
Kotak BalancedAdvantage
Fund
Kotak EquityHybrid Fund
Kotak FlexicapFund
Kotak Tax SaverFund
Kotak EquityOpportunities
Fund
Kotak FocusedEquity Fund
Kotak BluechipFund
Kotak India EQContra Fund
Kotak EmergingEquity Fund
Kotak PioneerFund
Kotak SmallCap Fund
change in NAV of our funds when Nifty 50 was ~7610 (From 23rd Mar 2020 till 26th Feb 2021)
Regular growth Plans performance
Debt Market Outlook
March 2021
60
61
Source Bloomberg
Liquidity is Here To StayMarket may have misread RBI Signal
-9000
-8000
-7000
-6000
-5000
-4000
-3000
-2000
-1000
0
1000
5
55
6
65
7
75
Jun
-19
Jul-
19
Au
g-1
9
Sep
-19
Oct
-19
No
v-1
9
Dec
-19
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
India 10-Year Bond Yield (LHS)
India Banking System Liquidity (RHS)
INR Bn
bull Overnight rates will remain anchored at Reverse Repo rates longer than what market is pricing in bull RBI aims to normalize CRR in the near-term The CRR normalisation opens up space for a variety of market operations to inject
additional liquidity which may induce curve flattening
62
Fear of Liquidity Withdrawal Spooked The Mid-To-Long End (~2-7years) of The Curve
bull Yield Curve is now pricing in more negatives ndash liquidity tightening rate hikes etc
bull Yields have moved up across the curve especially mid to long end of the yield curve
Source Bloomberg
3
4
5
6
7
8
3M 6M 1Y 2Y 3Y 4Y 5Y 6Y 7Y 8Y 10Y 11Y 12Y 13Y 14Y 15Y 23Y 30Y 40Y
India Sovereign Curve ()
01-Mar-21 31-Dec-20 30-Jun-20
Opportunity of value creation exists in the longer end of the curve
The current yield curve is too steep enhancing the case to chase the carry in fixed income as opposed to capital gains
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
FII Activity in Debt Market
Source Axis Capital
USD Mn
63
(1494)
381
(8680)
(1434)
(2695)
402
(534)(142)
471 520 191 1080
(740) (391)
(10500)
(9000)
(7500)
(6000)
(4500)
(3000)
(1500)
0
1500
3000
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
Source MOSPI ICRASource Bloomberg RBI Internal Research Morgan Stanley Research
406
530
00
10
20
30
40
50
60
70
80
Mar
-15
May
-15
Jul-
15
Sep
-15
No
v-1
5
Jan
-16
Mar
-16
May
-16
Jul-
16
Sep
-16
No
v-1
6
Jan
-17
Mar
-17
May
-17
Jul-
17
Sep
-17
No
v-1
7
Jan
-18
Mar
-18
May
-18
Jul-
18
Sep
-18
No
v-1
8
Jan
-19
Mar
-19
May
-19
Jul-
19
Sep
-19
No
v-1
9
Jan
-20
Mar
-20
May
-20
Jul-
20
Sep
-20
No
v-2
0
Jan
-21
CPI Core CPI
Headline Inflation To Remain Range-bound Though Marginally Above The 4 Mark In The Near Term
bull We expect a prolonged pause from the MPC in FY22 and an accommodative stance until late FY22 at least
CPI is still likely to be above the medium-term target of 4 for most of H1-FY22 further rate cuts appear unlikely unless the economic environment worsens significantly
64
65
RBI Remains Committed on OMOOperation Twist To Fund Govt Borrowing
FY 21 (RE) FY 22 (BE)
Gross Market Borrowing 1279788 1205708
Source indiabudgetgovin Internal Estimates BE is Budgetary estimates RE is revised Estimates
(in Rs Crores)
INR 75000 cr OMOOperation Twist already done post budget borrowing announcement
Source CNBC
SDL Spreads Close To Peak Levels Attractive in Terms of Valuation
10yr Central Govt Gilt Yields vs 10yr SDL Yields
Source RBI Jefferies66
Current Spreads Look Attractive For Long Term Investors
Source Bloomberg Citi Research
Spread between 10year Gilt and 1year Gilt Yield MPCrsquos Focus on Term Premia Is Likely To Prevent Imminent Sharp Rise In Bond Yields
Incremental Spreads in 10 Year provides a good cushion to shocks
67
211
0
50
100
150
200
250
300
Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21
Case For Carry Corporate Bond Spreads Show Attractive Valuation Opportunity
Source Bloomberg Jefferies
Corporate AAA Bond Yield ()
68
444
558
3
35
4
45
5
55
6
65
7
75
Mar
-hellip
Ap
r-2
0
May
-hellip
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
1 Year AAA Corporate Bond
3 Year AAA Corporate Bond
450
500
550
600
650
700
750
800
850
1Y 2Y 3Y 4Y 5Y 7Y 10Y
01-Mar-21 29-Jan-21 31-Dec-19
India Corporate Bond Curve
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
69
Market Is Pricing In More Negative News
NABARD Yield Incremental Yield
adjusted for holding period
Protection for Rise in 10 yrNabard (bps)
Breakeven level10 yr Nabard
A 1 yr 425 After 1 yr
10 yr 715 29 051 766
B 2 yr 505 After 2 yr
10 yr 715 21+21=42 084 799
C 3 yr 56 After 3 yr
10 yr 715 155+155+155=455 103 818
Assuming investment HTM in short bonds for respective holding periods Adjusted is incremental yield for 2 yrmultiplied by 2 and 3 yr by 3
Source Internal Analysis The above illustration is not an indication of our portfolio
Debt Outlook
70
bull Liquidity is here to stay much longer than what market is fearing
bull Overnight rates are expected to gradually trend higher as normalisation of rates take place over the course of next 1 year
bull Fear of Liquidity withdrawal has led to sharp spike in OIS- swap yields in 1 yr at 392 and 2 yr at 435 this effectively means forward curve is pricing in almost 3 rate hikes of 25 bp each in Repo rate for the seller of the 2 yr swap to break even In our opinion is too soon and more than what the fundamental situation can justify purely based on inflation outlook
bull Inspite of the recent spike in crude oil prices average headline inflation for FY 22 is in the band of 5-525
bull With comfort on inflation reduction in gold imports stable to appreciating INR (High Fx reserves)We believe RBI will maintain a status quo along with its accommodative stance as there is no big urgency to rush for rate hikes
bull RBI while not giving OMO calendar is actually done decent amount of OMO till now and remain committed for more As the System isflush with liquidity and FX flows coming RBI is constrained to conduct aggressive OMO and add liquidity As the CRR cut reversal announced earlier will take out about 16 lac cr worth liquidity will increase the ability of the RBI to conduct outright OMO vs OT which will be more positive the long bonds
bull For investors it is best to stick to intended investment horizons as volatility would continue to be order of the day
bull Duration investors with appetite for volatility can look to invest in the Gilt Bond and Dynamic Bond Funds space
bull Investors looking for relatively higher YTM can consider Floating rate Fund Medium-Term Fund and Credit Risk Fund segment
bull Investors should stay invested across fixed income strategies ndash as ldquocarryrdquo assumes significance over ldquocapital gainsrdquo
Debt Investment Opportunity
71
Debt Funds Have Generated Good Returns For The Patient Investors
Source MFi Explorer Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to disclaimer slides for detailed performance and scheme information of the funds 72
Fund Name 3 Year Returns of Fund () (CAGR)
Kotak Gilt Fund 980
Kotak Dynamic Bond Fund 921
Kotak Banking and PSU Debt Fund 894
Kotak Bond Fund 879
Kotak Corporate Bond Fund 838
Kotak Bond Short Term Fund 815
Kotak Credit Risk Fund 702
Kotak Medium Term Fund 650
73
Kotak Dynamic Bond Fund Has Outperformed Over Long-Term Since 2018
928
600
650
700
750
800
850
900
950
1000
1050
Feb
-18
Ap
r-1
8
May
-18
Jul-
18
Au
g-1
8
Sep
-18
No
v-1
8
Dec
-18
Jan
-19
Mar
-19
Ap
r-1
9
Jun
-19
Jul-
19
Au
g-1
9
Oct
-19
No
v-1
9
Jan
-20
Feb
-20
Mar
-20
May
-20
Jun
-20
Jul-
20
Sep
-20
Oct
-20
Dec
-20
Jan
-21
Feb
-21
Rolling Returns()
Kotak Dynamic Bond Fund - Reg - Growth NIFTY Composite Debt Index
915
Credit funds carry credit risk and duration dynamic funds carry interest rate risk
Hence our advice to IFA distributors is that they allocate clients money in both dynamic and accrual funds from a 3 year perspective
Source ICRA As on 26th February 2021 The above returns is daily rolling returns for last 36months Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please refer to the disclaimer slides for detailed performance of the fund
Kotak Medium Term Fund
Fund YTM (As on 26 Feb 2021) Respective Segment YieldsIncremental Earnings
(Spread)
Kotak Medium Term Fund 699 3 Year AA 574 125
Source Bloomberg Data as on 26-Feb-2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for performance details amp scheme information
Mutual fund investment are subject to market risks read all scheme related documents carefully
26-Feb-2021 Average Maturity (Years) Modified Duration (Years) Macaulay Duration (Years)
378 263 281
bull Duration of the fund has come down as we expect normalisation of rates to take place over the course of next 1 year We see merit in running lower duration in Medium Term Fund
bull We believe Kotak Medium Term fund is a reasonably attractive investment option for investors with minimum 1 year investment horizon
74
Attractive Yields Across The Segment
Source Bloomberg Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for scheme details
Mutual fund investment are subject to market risks read all scheme related documents carefully 75
458
699 699
389
638 638
0
1
2
3
4
5
6
7
8
Kotak Low Duration Fund Kotak Credit Risk Fund Kotak Medium Term Fund
YTM () (As on 26 Feb 21) Respective Segment Yields ()
1 Year OIS
3 Year AA
3 Year AA
Incremental Spread 069
Incremental Spread 061
Incremental Spread 061
Distributor Engagement
76
Prostart ndash Video Learning Platform
1FINANCIAL PLANNING (10 VIDEOS)
2SOCIAL MEDIA MARKETING (14 VIDEOS)
3UNDERSTANDING RISK IN MFrsquoS (5 VIDEOS)
4TAXATION IN MFrsquoS (2 VIDEOS)
5NEW NORMAL (1 VIDEOS)
6MAXIMIZING DIGITAL CONNECTIONS (2 VIDEOS)
7HANDLING INVESTOR EMOTIONS (4 VIDEOS)
8ACQUIRING NEW CLIENTS (3 VIDEOS)
9THE NEXT WAVE (3 VIDEOS)
77
Over 25000 Participants
have viewed these Videos (Till Feb 2021)
Testimonials
ldquoGood Initiative developed by Kotak MF to enhance knowledge amp practical approach for MFDsrdquo -Md Qaise Ghazali
ldquoVery Knowledgeable Thank You Kotak MF Teamrdquo ndashVikas Jain
10DEBT DEMYSTIFIED (12 VIDEOS)
78
Business Dashboard
Transaction History
Distributor Initiated Transaction
Capital Gain and Account Statement
Prostart
Business Hub
More than 13574 IFArsquos are actively using Business Hub
Dont miss out on the benefits of Business Hub
Co-branding Marketing Material
Business opportunities
Stay Updated Follow us at Kotak Mutual Fund Click here to visit our YouTube Channel
How To Boost Business Using Business Hub
Product Video ndash Now Available In Different Languages
Kotak Bluechip Fund
Debt Market Outlook ndash March 2021
Kotak NASDAQ-100 FOF
How to make money through equity asset allocation (English)
Equity Market Outlook ndash March 2021
HindiGujaratiMarathiTeluguKannadaTamilMalayalamBengali
English ndash Mr Arjun Khanna amp Ms Lakshmi Iyer amp Mr Harsha Upadhyaya
Hindi - Mr Arjun Khanna
79
80
Please Follow Like And Share Kotak Mutual Fundrsquos Official Social Media Pages For Regular Updates
Twitter - KotakMF - httpstwittercomKotakMF
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ANNEXURES
81
Kotak MF Mantra lsquoReturn of Capitalrsquo is more important
Strong Promoters Cashflow backed business Liquidity and Asset Security are key to our investment ideas
82
Rating amp Category Breakup Across Kotak MF Open-Ended Debt Funds
Data As on 26 Feb 2021
We follow our investment process of focussing on credit quality and liquidity profile of our debt funds and maintain high degree of transparency for investors
Please consult your financial advisor or other professionals before acting on any information in this communication
It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Mutual fund investments are subject to market risks read all scheme related documents carefully
Feb-21 April-20
Credit Rating of Open-Ended Debt Funds of Total AUM of Total AUM
TbillG-SecSDLAAAA1+Cash 9393 9281
AA+ 228 165
AA 248 290
AA- 087 142
Below AA- 043 122
Grand Total (AUM) (INR Cr) 11895880 78624
The above rating allocation does not include NCA (Net Current Assets)
83
bull At Kotak MF we have zero borrowing across all our funds as on 26 Feb 2021
Mutual fund investments are subject to market risks read all scheme related documents carefully
Liquidity Position Of Kotak MF Debt Funds As said earlier our incremental allocation has gone into higher quality assets
Name of the Fund Fund Category of AUM in AAA (Long Term) or
A1+ (Short Term) Sovereign Debt Cash amp NCA (Dec 2020)
of AUM in AAA (Long Term) or A1+ (Short Term) Sovereign Debt
Cash amp NCA (Apr 2020)
Non-Credit Strategies
Kotak Liquid Fund Liquid 100 100
Kotak Money Market Fund Money Market 100 100
Kotak Corporate Bond Fund Corporate Bond 100 100
Kotak Bond Short Term Fund Short Duration 100 100
Kotak Bond Fund Medium to Long Duration 96 86
Kotak Dynamic Bond Fund Dynamic Bond 92 85
Kotak Savings Fund Ultra Short Duration 91 87
Kotak Banking and PSU Debt Fund
Banking and PSU 88 79
Kotak Low Duration Fund Low Duration 85 52
Credit Strategies
Kotak Medium Term Fund Medium Duration 63 50
Kotak Credit Risk Fund Credit Risk 36 27
As on 26 Feb 2021It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Please refer to the disclaimer slides for scheme details
The above rating allocation includes NCA (Net Current Assets)
84
Key Variables amp Their Impact On Interest Rates
Key VariablesShort Term
(3-6mo)Medium Term
(6mo-2yrs)Remarks ndash( Denotes fall in Interest Rates )
InflationHeadline CPI is expected to be in the range of 4-5 for the year Despite expansion of the fiscal deficit the quality ofspending appears to be non inflationary Inflation is unlikely to be area of problem in the year
Rupee
INR has been quite strong since last 3m curtsey strong FDI and FPI flows in equity Lat 1 yr also its marginallydepreciated We have FX reserves closes to 600 bn and given CAD and TD under control INR is expected to remain wellbid We believe in the absence of any geo political event INR is expected to be stable and shall appreciate as economicgrowth stabilizes RBI is keeping INR competitive on REER basis
Credit DemandGradually economy is opening up and Credit growth is expected to pickup as unlocking activity resumes and gains momentum post vaccination in phases However situation is fragile and this may accentuate the situation further However easy rates may help some demand pickup Till then credit growth will not impact rates negatively
Government Borrowing
Union budget has shocked the market by giving 80 extra borrowing for the current year in dated securities Next year also borrowing is on heavier side However we believe the govt RBI may have some credible plan to conduct the borrowing smoothly As the budget is non inflationary and otherwise also inflation is under control there is no reason for govt to give so high real rates hence we believe the RBI will pull some demand leveres such as index inclusion or OMO Will have to wait for MPC
RBI PolicyRbi has shown commitment in the past and there is no reason for taking the rates higher hence we believe RBI is expected to come up with some credible plan If they leave it to the market then we are headed for a tough time
Global Event RiskThe News of a Vaccine has triggered a risk-on event and lead to a sharp rally in risk asset and bonds were sold offHowever yields will look for growth which may not come in a hurry On the other hand the risk of a geopolitical eventis always open
Corporate bond SpreadWhile some green shoots seen but on an over all basis the economy is still struggling Short term spreads have seendecent compression unlikely to compress further meaningfully Long terms bonds still offer attractive spreads but likelyjust a carry trade
Debt FII flowWe have seen some traction coming in near term with revival of flows from the FPI in debt However its seems real flows will only be seen with index inclusion
Liquidity
Despite very high liquidity more than 1 yr yield is moving higher as the fear is RBI will remove accommodation sooner than later However we believe large part of the move is done 2-10 yr curve
85
Key Variables amp Their Impact On Equities
Key VariablesShort -term
Medium ndashterm
Remarks
EconomyWhile Covid-19 impacts economy there is likely to be sequential improvement as Indian economy unlocks
Corporate EarningsWhile Covid-19 impacts corporate India there is likely to be sequential improvement as Indian economy unlocks
FII FlowIndia stands out among global asset classes with prospects of strong long term growth given favorable demographics
DII Flow Long runaway of growth in financialization of savings
Supply of paperHigher disinvestment target and repair of leveraged balance sheet to create supply in markets
PolicyReform Initiative Expect improved reform momentum
Signify Growth 86
Disclaimers amp Disclosures
87
The information contained in this (document) is extracted from different public sources All reasonable care has been taken to ensure that the information contained hereinis 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 KotakMahindra Asset Management Co Ltd or any associated companies or any employee thereofWe are not soliciting any action based on this material and is for generalinformation only Investors should consult their financial advisors if in doubt about whether the product is suitable for them before investing
These materials are not intended for distribution to or use by any person in any jurisdiction where such distribution would be contrary to local law or regulation Thedistribution of this document in certain jurisdictions may be restricted or totally prohibited and accordingly persons who come into possession of this document arerequired to inform themselves about and to observe any such restrictions
Mutual Fund investments are subject to market risks read all scheme related documents carefully
Disclaimers amp Risk Factors
88
Scheme Inception date is 26052008 Mr Deepak Agrawal has been managing the fund since 25112012 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Dynamic Bond Fund As on 26 Feb 2021
Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Banking amp PSU Debt Fund As on 26 Feb 2021
89
Dec 29 1998Kotak Banking and PSU
Debt Fund - GrowthCRISIL Banking and PSU
Debt Index ALPHA CRISIL 1 Year Tbill
Kotak Banking and PSU Debt Fund - Growth
CRISIL Banking and PSU Debt Index
CRISIL 1 Year TBill
Since Inception 753 NA NA 662 50043 NA 41450
Last 1 Year 744 632 112 547 10742 10630 10546
Last 3 Years 894 868 026 665 12926 12834 12127
Last 5 Years 846 854 -008 656 15006 15064 13739
May 26 2008Kotak Dynamic Bond
Fund - GrowthNIFTY Composite Debt
Index ALPHA CRISIL 1 Year TBill
Kotak Dynamic Bond Fund - Growth
NIFTY Composite Debt Index
CRISIL 1 Year TBill
Since Inception 860 846 014 648 28659 28180 22287
Last 1 Year 685 790 -105 547 10683 10788 10546
Last 3 Years 921 934 -013 665 13022 13068 12127
Last 5 Years 912 868 044 656 15470 15161 13739
Scheme Inception date is 06032008 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Low Duration Fund As on 26 Feb 2021
Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Fund As on 26 Feb 2021
90
Mar 06 2008Kotak Low Duration
Fund - GrowthNIFTY Low Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Low Duration Fund - Growth
NIFTY Low Duration Debt Index
CRISIL 1 Year TBill
Since Inception 769 827 -058 648 26178 28053 22605
Last 1 Year 669 594 075 547 10667 10592 10546
Last 3 Years 760 723 037 665 12455 12326 12127
Last 5 Years 774 735 039 656 14514 14256 13739
Nov 25 1999Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
ALPHA CRISIL 10 Year Gilt Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 878 NA NA NA 59893 NA NA
Last 1 Year 672 765 -093 493 10670 10763 10492
Last 3 Years 879 912 -033 894 12872 12990 12927
Last 5 Years 800 859 -058 734 14692 15093 14246
Scheme Inception date is 02052002 Mr Deepak Agrawal has been managing the fund since 11072007 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Short Term Fund on 26 Feb 2021
Scheme Inception date is 21092007 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Corporate Bond Fund on 26 Feb 2021
91
May 02 2002Kotak Bond Short Term
Fund - GrowthNIFTY Short Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Bond Short Term Fund - Growth
NIFTY Short Duration Debt Index
CRISIL 1 Year TBill
Since Inception 772 793 -021 607 40606 42094 30324
Last 1 Year 720 797 -077 547 10718 10794 10546
Last 3 Years 815 828 -013 665 12648 12692 12127
Last 5 Years 785 808 -024 656 14585 14746 13739
Sep 21 2007Kotak Corporate Bond
Fund - GrowthCRISIL Corporate Bond
Composite Index ALPHA CRISIL 1 Year TBill
Kotak Corporate Bond Fund - Growth
CRISIL Corporate Bond Composite Index
CRISIL 1 Year TBill
Since Inception 818 939 -120 645 28790 33407 23163
Last 1 Year 741 793 -052 547 10739 10791 10546
Last 3 Years 838 894 -057 665 12726 12927 12127
Last 5 Years 830 885 -055 656 14898 15277 13739
Scheme Inception date is 11052010 Mr Deepak Agrawal has been managing the fund since 12042010 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Credit Risk Fund As on 26 Feb 2021
Scheme Inception date is 21032014 Mr Deepak Agrawal has been managing the fund since 22062015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Medium Term Fund As on 26 Feb 2021
92
May 11 2010Kotak Credit Risk Fund -
GrowthNIFTY Credit Risk Bond
Index ALPHA CRISIL 1 Year TBill
Kotak Credit Risk Fund -Growth
NIFTY Credit Risk Bond Index
CRISIL 1 Year TBill
Since Inception 808 930 -121 671 23159 26128 20167
Last 1 Year 455 987 -532 547 10453 10984 10546
Last 3 Years 702 900 -198 665 12253 12946 12127
Last 5 Years 755 900 -145 656 14384 15380 13739
Mar 21 2014Kotak Medium Term
Fund - GrowthNIFTY Medium Duration
Debt Index ALPHA CRISIL 10 Year Gilt
Kotak Medium Term Fund - Growth
NIFTY Medium Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 812 900 -088 826 17192 18192 17350
Last 1 Year 456 873 -417 493 10455 10871 10492
Last 3 Years 650 902 -252 894 12078 12954 12927
Last 5 Years 730 863 -133 734 14218 15121 14246
Kotak Balanced Advantage Fund Performance as on 26 Feb 2021
Scheme Inception date is 03082018 Mr Harish Krishnan Mr Abhishek Bisen have been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the periodhave been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point(PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark Alpha is difference ofscheme return with benchmark return
Kotak Debt Hybrid Fund Performance as on 26 Feb 2021
Scheme Inception date is 02122003 Mr Abhishek Bisen has been managing the fund since 01042008 Mr Devender Singhal has been managing the fund since 25082015Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (CompoundedAnnualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of SchemeBenchmark Name of Additional BenchmarkThe performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark returnTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant(PRI)The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using compositeCAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return 93
Aug 03 2018Kotak Balanced
Advantage Fund -Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA Nifty 50 TRI
Kotak Balanced Advantage Fund -
Growth
NIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1092 1167 -075 1130 13052 13281 13166
Last 1 Year 1849 2142 -292 3137 11844 12135 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Dec 02 2003Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
ALPHA CRISIL 10 Year Gilt Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
CRISIL 10 Year Gilt
Since Inception 809 855 -045 582 38280 41141 26537
Last 1 Year 1502 1166 336 493 11497 11162 10492
Last 3 Years 923 1010 -086 894 13030 13341 12927
Last 5 Years 1046 1030 017 734 16443 16319 14246
Kotak Asset Allocator Fund as on 26 Feb 2021
Scheme Inception date is 09082004 Mr Devender Singhal amp Mr Arjun Khanna has been managing the fund since 09052019 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using composite CAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return
Scheme Inception date is 29121998 Mr Abhishek Bisen has been managing the fund since 15042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Gilt Fund As on 26 Feb 2021
94
Aug 09 2004Kotak Asset Allocator
Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA SampP BSE SENSEX TRI
Kotak Asset Allocator Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index SampP BSE SENSEX TRI
Since Inception 1578 1221 357 1579 113266 67426 113398
Last 1 Year 2928 2142 786 3000 12919 12135 12990
Last 3 Years 1462 1199 262 1422 15051 14043 14894
Last 5 Years 1464 1355 109 1789 19793 18868 22764
Dec 29 1998Kotak Gilt Fund -
GrowthNIFTY All Duration G-Sec
Index ALPHA CRISIL 10 Year Gilt
Kotak Gilt Fund -Growth
NIFTY All Duration G-Sec Index
CRISIL 10 Year Gilt
Since Inception 951 NA NA NA 74952 NA NA
Last 1 Year 768 641 128 493 10766 10639 10492
Last 3 Years 980 1001 -021 894 13234 13311 12927
Last 5 Years 892 848 044 734 15325 15020 14246
Kotak Pioneer Fund as on 26 Feb 2021
Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Different plans have different expense structure The performance details provided herein are of regular plan 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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
95
Oct 31 2019Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
ALPHA Nifty 50 TRI Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
Nifty 50 TRI
Since Inception 3678 2467 1211 1752 15149 13397 12386
Last 1 Year 5550 4230 1320 3137 15531 14216 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Feb 25 2008Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
ALPHA Nifty 50 TRI
Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
Nifty 50 TRI
Since Inception 719 133 586 951 24675 11876 32619
Last 1 Year 2940 3064 -124 3137 12931 13054 13127
Last 3 Years 405 243 162 1288 11265 10746 14378
Last 5 Years 1332 1089 243 1729 18676 16760 22189
Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 01022015
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Infrastructure amp Economic Reform Fund as on 26 Feb 2021
96
Feb 20 2018Kotak India Growth Fund -
Series IV - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series IV - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1462 1173 289 1328 15099 13979 14570
Last 1 Year 6667 3224 3443 3137 16644 13214 13127
Last 3 Years 1471 1135 335 1288 15087 13803 14378
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 20022018 Mr Devender Singhal has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak India Growth Fund Series IV as on 26 Feb 2021
Kotak India Growth Fund Series V as on 26 Feb 2021
May 15 2018Kotak India Growth Fund -
Series V - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series V - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1389 1146 243 1265 14372 13534 13939
Last 1 Year 4661 3224 1437 3137 14646 13214 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak Smallcap Fund Performance as on 26 Feb 2021
Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the TotalReturn variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
97
Kotak Smallcap Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1930000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 8187177 3266871 1617790 1001229 576604 190906
Scheme Returns () 1620 1905 1843 2067 3331 12808
NIFTY Smallcap 100 (TRI) Returns () 1048 1159 1036 1161 2174 12178
Alpha 572 746 808 905 1158 630
NIFTY Smallcap 100 (TRI) (Rs) 4794025 2190608 1213472 802393 493594 187746
Nifty 50 (TRI) (Rs)^ 5809863 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1256 1341 1364 1570 1947 6633
Scheme Inception - February 242005 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Feb 24 2005Kotak Smallcap Fund -
GrowthNIFTY Smallcap 100 TRI ALPHA Nifty 50 TRI
Kotak Smallcap Fund -Growth
NIFTY Smallcap 100 TRI Nifty 50 TRI
Since Inception 1648 1274 375 1440 115182 68229 86309
Last 1 Year 5224 4358 866 3137 15207 14344 13127
Last 3 Years 1309 -017 1326 1288 14460 9950 14378
Last 5 Years 2040 1419 622 1729 25291 19406 22189
Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) Performance as on 26 Feb 2021
98
Kotak Flexi Cap Fund (Previously known as Kotak Select Standard Multi Cap Fund)
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1380000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 3453492 2729977 1380165 856388 468086 156611
Scheme Returns () 1505 1571 1397 1426 1792 6240
Nifty 200 (TRI) Returns () 1288 1368 1351 1514 1931 6874
Alpha 218 204 045 -088 -139 -634
Nifty 200 (TRI) (Rs) 3011611 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 2974930 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1268 1341 1364 1570 1947 6633
Scheme Inception - September 11 2009 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 11 2009Kotak Flexi Cap Fund -
GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak Flexi Cap Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1391 1156 235 1140 44527 35062 34492
Last 1 Year 2497 3224 -727 3137 12489 13214 13127
Last 3 Years 1082 1135 -054 1288 13604 13803 14378
Last 5 Years 1738 1719 020 1729 22274 22089 22189
Kotak Emerging Equity Fund Performance As on 26 Feb 2021
Scheme Inception date is 30032007 Mr Pankaj Tibrewal has been managing the fund since 27052010 Different plans have different expense structure The performance detailsprovided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circulardated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha isdifference of scheme return with benchmark return
99
Kotak Emerging Equity Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1680000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 6176383 3334607 1562085 940171 526485 173627
Scheme Returns () 1705 1943 1745 1807 2647 9422
Nifty Midcap 100 (TRI) Returns () 1388 1480 1370 1440 2237 9753
Alpha 316 463 375 368 410 -332
Nifty Midcap 100 (TRI) (Rs) 4795200 2599125 1367070 859342 497885 175354
Nifty 50 (TRI) (Rs)^ 4226246 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1229 1341 1364 1570 1947 6633
Scheme Inception - March 30 2007 The returns are calculated by XIRR approach assuming investment of 10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Mar 30 2007Kotak Emerging Equity
Fund - GrowthNifty Midcap 100 TRI ALPHA Nifty 50 TRI
Kotak Emerging Equity Fund - Growth
Nifty Midcap 100 TRI Nifty 50 TRI
Since Inception 1320 1332 -012 1138 56228 57054 44823
Last 1 Year 3676 3998 -322 3137 13664 13985 13127
Last 3 Years 1207 679 528 1288 14070 12177 14378
Last 5 Years 1997 1624 372 1729 24836 21217 22189
Kotak Tax Saver Fund Performance as on 26 Feb 2021
Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
100
Kotak Tax Saver Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1840000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5208479 2557585 1384584 874589 483657 158907
Scheme Returns () 1251 1450 1406 1511 2027 6660
Nifty 500 (TRI) Returns () 1244 1387 1367 1525 1992 7206
Alpha 007 063 038 -014 035 -546
Nifty 500 (TRI) (Rs) 5177617 2472906 1365740 877640 481312 161867
Nifty 50 (TRI) (Rs)^ 5074950 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1221 1341 1364 1570 1947 6633
Scheme Inception - November 23 2005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initialand final value and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Nov 23 2005Kotak Tax Saver Fund -
GrowthNifty 500 TRI ALPHA Nifty 50 TRI
Kotak Tax Saver Fund -Growth
Nifty 500 TRI Nifty 50 TRI
Since Inception 1217 1303 -085 1328 57797 64882 67113
Last 1 Year 2685 3347 -662 3137 12677 13337 13127
Last 3 Years 1219 1086 133 1288 14116 13621 14378
Last 5 Years 1741 1731 010 1729 22304 22207 22189
Kotak Equity Opportunities Fund Performance as on 26 Feb 2021
Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012 Different plans have different expense structure The performance details provided hereinare of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRAMFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
101
Kotak Equity Opportunities Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1980000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 7635338 2664264 1403160 880871 486395 158045
Scheme Returns () 1478 1526 1443 1540 2067 6502
Nifty 200 (TRI) Returns () 1281 1368 1351 1514 1931 6874
Alpha 197 158 092 026 136 -373
Nifty 200 (TRI) (Rs) 6308482 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 6292270 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1279 1341 1364 1570 1947 6633
Scheme Inception - September 09 2004 The returns are calculated by XIRR approach assuming investment of Rs 10000- 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 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 TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 09 2004Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI ALPHA Nifty 50 TRI Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1831 1537 294 1555 159694 105534 108232
Last 1 Year 2771 3224 -453 3137 12762 13214 13127
Last 3 Years 1158 1135 023 1288 13887 13803 14378
Last 5 Years 1791 1719 072 1729 22776 22089 22189
Kotak Bluechip Fund Performance as on 26 Feb 2021
Since inception date of Kotak Bluechip Fund - Reg Growth is 4022003 Mr Harish Krishnan has been managing the fund since 01012014Different plans have different expense structure Theperformance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000-investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 theperformance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the schemebenchmark performance is calculated using composite CAGR of SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Since Inception date of KotakBluechip Fund- Dividend plan is 29121998 Alpha is difference of scheme return with benchmark return
102
Kotak Bluechip Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 2170000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 9909049 2429408 1342358 867738 482271 158190
Scheme Returns () 1497 1354 1319 1479 2006 6528
Nifty 50 (TRI) Returns () 1393 1341 1364 1570 1947 6633
Alpha 103 013 -045 -091 059 -105
Nifty 50 (TRI) (Rs) 8857197 2412890 1363994 887303 478297 158761
SampP BSE SENSEX (TRI) (Rs)^ 9110194 2472879 1393707 907359 481833 157647
SampP BSE SENSEX (TRI) Returns () 1419 1387 1424 1662 2000 6429
Scheme Inception - December 29 1998 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the scheme benchmark SIP Performance is calculated by taking SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Alpha is difference of scheme return with benchmark return
Feb 04 2003Kotak Bluechip Fund -
GrowthNifty 50 TRI ALPHA SampP BSE SENSEX TRI
Kotak Bluechip Fund -Growth
Nifty 50 TRI SampP BSE SENSEX TRI
Since Inception 1967 1722 246 1738 256865 176573 181028
Last 1 Year 3007 3137 -130 3000 12998 13127 12990
Last 3 Years 1181 1288 -107 1422 13975 14378 14894
Last 5 Years 1575 1729 -154 1789 20767 22189 22764
Kotak India EQ Contra Fund as on 26 Feb 2021
Jul 27 2005Kotak India EQ Contra
Fund - GrowthNifty 100 TRI ALPHA Nifty 50 TRI
Kotak India EQ Contra Fund - Growth
Nifty 100 TRI Nifty 50 TRI
Since Inception 1321 1408 -088 1388 69209 78041 75924
Last 1 Year 3123 3120 003 3137 13113 13110 13127
Last 3 Years 1293 1191 102 1288 14396 14010 14378
Last 5 Years 1830 1719 110 1729 23155 22098 22189
Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
103
Kotak India EQ Contra Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1880000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5753810 2581589 1412974 907013 487708 163570
Scheme Returns () 1309 1467 1463 1660 2087 7522
Nifty 100 (TRI) Returns () 1268 1363 1351 1519 1891 6526
Alpha 041 104 112 141 195 996
Nifty 100 (TRI) (Rs) 5543589 2441380 1357611 876201 474636 158175
Nifty 50 (TRI) (Rs)^ 5371562 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1233 1341 1364 1570 1947 6633
Scheme Inception - July 272005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initial and finalvalue and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Other Funds Managed by Mr Deepak Agarwal
Mr Deepak Agrawal manages 12 funds amp All FMPs of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan (Kotak Bond Short Term Fund (May 02 02) Kotak Dynamic Bond Fund (May 26 08) Kotak Money Market Fund (Nov 25 07) Kotak Liquid Fund (Nov 04 03) Kotak Banking and PSU Debt Fund (Dec 29 98) Kotak Savings Fund (Jul 11 07) Kotak Credit Risk Fund (May 11 10) Kotak Medium Term Fund (Mar 21 14) Kotak Low Duration Fund (Jan 31 15) Kotak Corporate Bond Fund (Sep 21 07) Kotak Overnight Fund (Jan 15 19) All Fixed Maturity Plans in existence (Aug 1315) Kotak Floating Fund (May 14 2019)
Kotak Floating Rate Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 14052019 Mr Deepak Agrawal has been managing the fund since 14052019Kotak Banking and PSU Debt Fund - Growth Name of the Benchmark - CRISIL Banking and PSU Debt Index Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008Kotak Savings Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 13082004 Mr Deepak Agrawal has been managing the fund since 01042008Kotak Liquid Fund - Growth Name of the Benchmark - NIFTY Liquid Index Scheme Inception date is 04112003 Mr Deepak Agrawal has been managing the fund since 01052007Kotak Overnight Fund - Growth Name of the Benchmark - NIFTY 1D Rate Index Scheme Inception date is 15012019 Mr Deepak Agrawal has been managing the fund since 15012019Kotak Money Market Fund - Growth Name of the Benchmark - NIFTY Money Market Index Scheme Inception date is 14072003 Mr Deepak Agrawal has been managing the fund since 01112006
104
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Floating Rate Fund - Growth 808 514 NA NA NA NA 772 610
Kotak Banking and PSU Debt Fund - Growth 744 632 894 868 846 854 753 NA
Kotak Savings Fund - Growth 524 514 684 696 705 716 760 797
Bottom 3
Kotak Money Market Fund - Growth 520 471 692 638 699 672 728 742
Kotak Liquid Fund - Growth 377 388 577 582 627 624 715 717
Kotak Overnight Fund - Growth 296 312 NA NA NA NA 429 443
Funds Managed by Mr Harsha Upadhyaya
Mr Harsha Upadhyaya manages 4 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Opportunities Fund (Sep 9 04) Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) (Sep 11 09) Kotak Tax Saver Fund (Nov 2305)
Funds Managed by Mr Pankaj Tibrewal
Mr Pankaj Tibrewal manages 3 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Small Cap Fund (Feb 2405) Kotak Emerging Equity Fund (Mar 3007) Kotak Equity Hybrid Fund (Nov 2599) Kotak Smallcap Fund - Growth Name of the Benchmark - NIFTY Smallcap 100 TRI Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010 Kotak Equity Hybrid Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008
105
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Equity Opportunities Fund - Growth 2771 3224 1158 1135 1791 1719 1831 1537
Kotak Tax Saver Fund - Growth 2685 3347 1219 1086 1741 1731 1217 1303
Kotak Flexi Cap Fund - Growth 2497 3224 1082 1135 1738 1719 1391 1156
Kotak ESG Opportunities Fund - Growth Kotak ESG Opportunities Fund has not yet completed 1 year from Inception the performance of the scheme is not disclosed
Kotak Equity Opportunities Fund - Growth (Erstwhile Kotak Opportunities) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012
Kotak Tax Saver Fund - Growth Name of the Benchmark - Nifty 500 TRI Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015
Kotak Flexi Cap Fund - Growth (Erstwhile Kotak Standard Multicap Fund) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Small Cap Fund - Growth 5224 4358 1309 -017 2040 1419 1648 1274
Kotak Emerging Equity Fund - Growth 3676 3998 1207 679 1997 1624 1320 1332
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Funds Managed by Mr Hiten Shah
Mr Hiten Shah manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Balanced Advantage Fund (Aug 03 18) Kotak Equity Savings Fund (Oct 13 2014) Kotak Equity Arbitrage Fund (Sep 29 05) Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Equity Arbitrage Fund - Growth Name of the Benchmark - Nifty 50 Arbitrage Index Scheme Inception date is 29092005 Mr Hiten Shah has been managing the fund since 03102019
Funds Managed by Ms Shibani Kurian
Ms Shibani Kurian manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak India EQ Contra Fund - Growth (July 27 05) Kotak India Growth Fund Series 7 (Aug 31 18) Kotak Focused Equity fund (Jul 16 19) Kotak India EQ Contra Fund - Growth (Erstwhile Classic Equity Fund) Name of the Benchmark - Nifty 100 TRI Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak India Growth Fund - Series 7 - Growth Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 31082018 Ms Shibani Kurian has been managing the fund since 09052019
106
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Balanced Advantage Fund - Growth 1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Kotak Equity Arbitrage Fund - Growth 354 186 539 454 577 484 713 NA
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak India EQ Contra Fund - Growth 3123 3120 1293 1191 1830 1719 1321 1408
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak India Growth Fund - Series 7 - Growth 2018 3137 NA NA NA NA 1042 1037
Other Funds Managed by Mr Harish Krishnan
Mr Harish Krishnan manages 7 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak BluechipFund (Feb 04 03) Kotak Infrastructure amp Economic Reform Fund (Feb 25 08) Kotak India Growth Fund Series 5 (May1518) Kotak Balanced Advantage Fund (Aug 0318) Kotak Equity Savings Fund (Oct 13 14) Kotak Focused Equity fund (Jul 16 19) Kotak Pioneer Fund (Oct 31 19
Kotak Pioneer Fund - Growth Name of the Benchmark - 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Kotak India Growth Fund Series 5- Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018Kotak Bluechip Fund - Growth (Erstwhile Kotak 50) Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 04022003 Mr Harish Krishnan has been managing the fund since 15112013Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Infrastructure and Economic Reform Fund - Growth Name of the Benchmark - India Infrastructure Index (Customised Index by IISL) Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 31012015
107
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Pioneer Fund - Growth 5550 4230 NA NA NA NA 3678 2467
Kotak India Growth Fund - Series 5 - Growth 4661 3224 NA NA NA NA 1389 1146
Kotak Bluechip Fund - Growth 3007 3137 1181 1288 1575 1729 1967 1722
Bottom 3
Kotak Infrastructure and Economic Reform Fund -Growth
2940 3064 405 243 1332 1089 719 133
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Other Funds Managed by Mr Abhishek Bisen
Mr Abhishek Bisen manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Hybrid Fund (Nov 05 2014) Kotak Debt Hybrid Fund (Dec 02 03) Kotak Bond Fund (Regular Plan) (Apr 15 08) Kotak Gilt Fund (Regular amp PF-Trust) (Dec 29 98) Kotak Equity Savings Fund (Oct 13 14) Kotak Gold ETF (Jul 27 07) Kotak Gold Fund (Mar 25 11) Kotak Balanced Advantage Fund (Aug 03 18)
Kotak Gold Fund - Growth Name of the Benchmark - Price of Gold Scheme Inception date is 25032011 Mr Abhishek Bisen has been managing the fund since 04032011Kotak Gold ETF Name of the Benchmark - Price of Gold Scheme Inception date is 27072007 Mr Abhishek Bisen has been managing the fund since 15042008 amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Equity Hybrid Fund - Growth (Erstwhile Kotak Balance) Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 and Kotak Equity Hybrid Fund - Regular plan scheme inception date is 3rd November 2014 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008Kotak Bond Fund - Growth Name of the Benchmark - NIFTY Medium to Long Duration Debt Index Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Balanced Advantage Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 5050 Index Scheme Inception date is 03082018 Mr Abhishek Bisen amp Mr Harish Krishnan has been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019
108
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Kotak Balanced Advantage Fund - Growth1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth1314 963 790 704 934 816 837 719
Bottom 3
Kotak Gold Fund - Growth 741 765 1445 1467 887 860 671 815
Kotak Gold ETF 710 765 1380 1467 764 860 1178 1290
Kotak Bond Fund - Growth 672 765 879 912 800 859 878 NA
Other Funds Managed by Mr Devender Singhal
Mr Devender Singhal manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak DebtHybrid Fund - Growth (Dec 02 03) Kotak India Growth Fund Series-4 (Feb 14 18) Kotak NV20 ETF (Dec 01 15) Kotak Banking ETF (Dec 10 14) Kotak Sensex ETF (Jun 06 08) Kotak Asset AllocatorFund (Aug 09 04) Kotak PSU Bank ETF (Nov 08 07) Kotak Nifty ETF (Feb 02 10)
Kotak India Growth Fund - Series 4 - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 14022018 Mr Devender Singhal has been managing the fund since 24012019Kotak NV20 ETF - Name of the Benchmark Nifty 50 Value 20 TRI Scheme Inception date is 01122015 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Sensex ETF Name of the Benchmark - SampP BSE SENSEX TRI Scheme Inception date is 06062008 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Nifty ETF Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 02022010 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Banking ETF Name of the Benchmark - Nifty Bank TRI Scheme Inception date is 10122014 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak PSU Bank ETF - Name of the Benchmark Nifty PSU Bank TRI Scheme Inception date is 08112007 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019
109
Scheme Name
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak India Growth Fund - Series 4 -Growth
6667 3224 1471 1135 NA NA 1462 1173
Kotak NV20 ETF 3937 4355 1526 1660 1902 2002 1643 1620
Kotak Nifty ETF 3078 3137 1261 1288 1647 1729 1044 1181
Bottom 3
Kotak Sensex ETF 2955 3000 1390 1422 1696 1789 982 1097
Kotak PSU Bank ETF 2203 2303 -876 -807 248 359 -163 -014
Kotak Banking ETF 1749 1948 1108 1183 2008 2068 1087 1132
Fund Type of Scheme
Kotak Equity Opportunities Fund Large amp Mid Cap Fund - An open ended equity scheme investing in both large cap and mid cap stocks
Kotak Small Cap Fund Small cap fund - An open-ended equity scheme predominantly investing in small cap stocks
Kotak Emerging Equity Fund Mid Cap Fund - An open ended equity scheme predominantly investing in mid cap stocks
Kotak Tax Saver Fund An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
Kotak Balanced Advantage Fund Open ended Dynamic Asset Allocation Fund
Kotak Pioneer Fund An open ended equity scheme investing in pioneering innovations theme
Kotak India EQ Contra Fund An open-ended equity scheme following contrarian investment strategy
Kotak Debt Hybrid Fund An open ended hybrid scheme investing predominantly in debt instruments
Kotak Bluechip Fund Large cap fund - An open-ended equity scheme predominantly investing in large cap stocks
Kotak Asset Allocator FundAn open ended fund of fund scheme investing in specified open-ended equity and debt Schemes of Kotak Mahindra
Mutual Fund
Kotak Equity Arbitrage Fund An open ended scheme investing in arbitrage opportunities
Kotak Equity Savings Fund An open ended scheme investing in equity arbitrage and debt
Kotak Flexicap Fund Flexicap Fund - An open ended dynamic equity scheme investing across large cap mid cap small cap stocks
Kotak Focused Equity Fund An open ended equity scheme investing in maximum 30 stocks in large-cap mid-cap and small-cap category
Kotak Floating Rate Fund An open ended debt scheme predominantly investing in floating rate instruments
Kotak Equity Hybrid Fund An open-ended hybrid scheme investing predominantly in equity and equity related instruments
Kotak International REIT FoFAn open ended fund of fund scheme investing in units of SMAM ASIA REIT Sub Trust fund andor other similar overseas
REIT funds
Kotak ESG Opportunities FundAn open ended equity scheme which follows the Environment Social and Governance (ESG) theme with flexibility of
investing across market capitalization 110
Fund Type of Scheme
Kotak Overnight Fund An open ended debt scheme investing in overnight securities
Kotak Gilt Fund An open ended debt scheme investing in government securities across maturity
Kotak Money Market Fund An open ended debt scheme investing in money market instruments
Kotak Savings Fund An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months
Kotak Bond Short Term Fund An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years
Kotak Corporate Bond Fund An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds
Kotak Credit Risk Fund An open ended debt scheme predominantly investing in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds)
Kotak Banking amp PSU Debt Fund An open ended debt scheme predominantly investing in Debt instruments of banks Public Sector Undertakings Public Financial Institutions and Municipal Bonds
Kotak Liquid Fund An open ended liquid scheme
Kotak Low Duration Fund An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months
Kotak Medium Term Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years
Kotak Dynamic Bond Fund An open ended dynamic debt scheme investing across duration
Kotak Bond Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years
Kotak India Growth Fund Series 5
Multicap Fund - A 1099 days close ended equity scheme investing across large cap midcap and small cap stocks
Kotak India Growth Fund Series 4
Multicap Fund - A 36 months close ended equity scheme investing across large cap midcap and small cap stocks
Kotak Infrastructure amp Economic Reform Fund
An open ended equity scheme following Infrastructure amp Economic Reform theme
111
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 112
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 113
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 114
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 115
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 116
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector biasKotak India Growth Series 4
Kotak India Growth Series 5bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector bias
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 117
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 118
Kotak Liquid Fund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Thank You
Stay Safe Stay Healthy and Stay Invested
119
3
Content Page Numbers
Global Economy 4
Indian Economy 12
Risk 23
Equity Markets 28
Valuation 34
SIP Has Performed Well 42
Equity Investment Opportunity 47
Should We Invest In Gold 53
Active VS Passive Funds in Alpha Generation 55
Debt Market Outlook 60
Debt Investment Opportunity 71
Distributor Engagement 76
Annexure 81
Disclaimers amp Disclosures 87
Global Economy
4
Global GDP Growth Set To Recover Sharply
5Note Based on MSCI ACWI countries Source Jefferies Factset IMF
US Federal Government Budget Deficit amp Borrowing Has Gone Up Significantly
6Source US Treasury Department yardenicom
(billion dollars)
Solid Breadth Of Companies Beating Earnings Estimates Across Regions
7Source Bloomberg Finance LP Deutsche Bank
Market Likely Driven By Excess Personal Savings
8
US Excess Personal Savings
Source BEA Haver Analytics Morgan Stanley Research forecasts as of Jan 25 2021
US Retail Investors Plan To Put A Significant Chunk Of Any Forthcoming Stimulus Into The Stock Market
9
Planned proportion of stimulus amount in stock market investment if received in 2021 ()
Source dbDIG Survey Deutsche Bank Asset Allocation
Surge In US Inflation Expectation Continues UnabatedNow at Its Highest Level In Over 8 Years
10Source Compoundadvisorscom
Commodity Prices Are Rising But Not Yet To Dramatic Levels of 2007-08
11Source Refinitiv
lndian Economy
12
Headlines In Feb 21
13
Source Business Today
Source Bloomberg Quint
Updated on Feb 09 2021 0701 PM IST
Headlines In Feb 21
14
Source Business Standard
Source Bloomberg Quint
Company Registration Jumps 21 in April ndash Decrsquo20
15Source MCA
Sharp growth was due to the progression of smaller firms and LLPs towards forming companies as growth picked up along with improved facilitation through digital services
Indiarsquos Debt To GDP VS Major Economies
16Source Economic Survey 2020-21
Indiarsquos Public Debt To GDP Has Been Significantly Low Compared To Other Countries
Governmentrsquos Reform Momentum To Bolster Potential Growth
17Source Elara Securities
18
V Shaped Recovery
Source HIS Markit Bloomberg Index reading above 50 signals growth Score is generated on the three-month weighted averages of the indicators against the past thirty months of historical data
Domestic and overseas demand hold up for Indian companies
Nomura India Business Resumption Index Is Almost At Pre-Pandemic Levels
19
The resurgence of COVID-19 could represent a downside risk
Source Google Apple CMIE Bloomberg and Nomura Global Economics
PLI Schemes Can Add 16 To FY27 GDP amp Encourage Domestic Industry
Source RAVE Credit Suisseestimates 20
Real Estate Should Support Economic Recovery
Source The BLOOMBERG PROFESSIONALTM service Credit Suisse estimates
Mortgage rates have fallen to record lowsAffordability levels at all-time high
Source SBI HDFC Jefferies 21
Budget Aims For Ambitious Infra Spending In FY22
22
Budget has laid ambitious target for FY22 spending Infrastructure capex allocation for FY22 is steep execution key
Source Budget Elara Securities Research
Risk
23
Covid 19 Isnrsquot Yet Over
24Source Times of India
Upside Risks To Inflation Remain
25
Source CEIC UBS
RBI Survey Indicates Confidence Still Lagging
26Source RBI
Unemployment is Down but Income
27
CMIE Series of Unemployment unemployment rate (UER) (gt=15)
Unemployment Rate 30 day moving average ()
Unemployment Rate01 Mar 2021
Source CMIEcom
Equity Markets
28
Sare Jahan Se Acha Hindustan Hamara
Source Axis Capital29
-240
-168
-79
-72
-56
-26
-18
39
266(USD bn)
12 MONTHS FPI FLO W (Feb20 to Feb21)
India
Brazil
Indonesia
Philippines
Malaysia
South Africa
Thailand
Taiwan
South Korea
Source Bloomberg Axis Capital As on 28th February 2021 Past Performance may or may not sustain in the future
Performance Across Market Cap
Performance as on 28th Feb 2021 Sectoral Performance CY20 YTD ()
66
113 122
297
386 418
115
58
(12)
156 151 130
105 122
92
(10)
0
10
20
30
40
50
Nifty-50 Nifty Midcap 100 NSE SmallCap 100
1m returns 1y returns 3 yr CAGR 5 yr CAGR 10 yr CAGR
14
12
4
17
11 11 11 11
8
65
0
-1
-5
-8
Sma
llcap
10
0
Mid
cap
100
NIF
TY
50
Me
tals
Rea
lty
Ban
k
Ener
gy
Au
to
Pri
vate
Ban
ks
Fin
anci
als
Secv
ice
s
IT S
erv
ice
s
Me
dia
FMC
G
Ph
arm
a
30
Bumper Results for Dec 20 Quarter
31
Source MOSL Research
193 Cos Actual Expected
Sales 0 -2
EBITDA 19 15
PBT 33 20
PAT 31 17
NIFTY 50 Cos Actual Expected
Sales -1 -2
EBITDA 15 10
PBT 23 9
PAT 22 7
Significant Profit Pool Expansion Seen In PSU Banks Cement Auto And Auto Ancillary And Metals
32
Source ICICI Securities Internal Analysis Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
Profit Growth By Sectors
Nifty Earnings Are Expected To Accelerate Sharply Over Next Two Years
33Source NSE Company data IIFL Research Note Based on IIFL estimates
236 285 310 333
372 402 404 386
418 414
483 457 508
685
796
(41)
207
89 74
117
81
05
(45)
83
(10)
167
(54)
111
349
163
(10)
(5)
0
5
10
15
20
25
30
35
40
0
100
200
300
400
500
600
700
800
900
FY0
9
FY1
0
FY1
1
FY1
2
FY1
3
FY1
4
FY1
5
FY1
6
FY1
7
FY1
8
FY1
9
FY2
0
FY2
1ii
FY2
2ii
FY2
3ii
Rs (LHS) YoY (RHS)
Nifty EPS
Valuation Wise ndash Neutral Weight Momentum Wise - Overweight
Neutral weight doesnt mean selling equity It means profitbooking on excess position
34
Market Cap-to-GDP Ratio ndash Above Long Term Average
Market cap-to-GDP ratio Market rebound brings ratio above long term average
OW Equities =Ratio Below Historical Lows Neutral Equities = Ratio at Historical Average
Source Motilal Oswal 35
52
82 83
103
55
95
88
71
64 66
81
69
7983
79
56
104
FY05
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19
FY20
FY21
E
Average of 75 for the period
Valuations Are At The Higher End Of Fair Value
NIFTY PE (x) - 1 Year Forward NIFTY PB (x) - 1 Year Forward
Source Motilal Oswal36
207
8
13
18
23
28
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 179x
31
15
23
30
38
45
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 27x
37
Valuations Above Long Term Average
Source FactSet Kotak Institutional Equities Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
1 Year Forward Sector PE Current 10y Average Premium(discount)
Automobiles 232 158 469Energy 158 110 431Cement 303 219 387
Consumer Discretionary 590 425 387Technology 236 177 331Industrials 250 201 246
Pharmaceuticals 243 222 94Consumers 348 318 94
Metals 93 103 -94Utilities 80 110 -276
Consumer ex ITC 507 394 285Automobiles ex Tata Motors 228 185 231Energy ex Reliance Industries 80 90 -117
1 Year Forward Sector PB Current 10y Average Premium(discount)
Pvt banks 28 25 126PSU banks 10 11 -61
Earnings Are Increasing
38Source Bloomberg
QuarterReported PAT for NSE 500
Rs in CroreAnnualised PAT on Dec 20
Dec 19 122235
Mar 20 53406
June 20 32400
Sept 20 176786 707144
Dec 20 209795 839180
TTM 472387
Market Cap (280221) 18850128
PE Ratio 399 225
Highest Ever Quarterly Profit by India Inc
Valuations Are Not As Perceived
39
Company
PE
FY20Q1FY21
(Annualised)Q2FY21
(Annualised)Q3FY21 (Annualised) FY22E
Shree Cement 634 648 439 383 358
Ultra tech Cement 488 484 375 292 321
Mindtree 397 311 261 203 191
Asian Paints 814 2567 663 447 613
Persistent Systems 378 357 315 265 239
Hero Motocorp 190 2782 181 159 183
Bajaj Auto 223 537 249 182 202
Source Company data Kotak estimates Stocks mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of aninvestment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
The data for FY20 Q1Q2Q3 are actuals (annualised in the quarters) while FY22 is estimates
High Nifty Valuations Conceals the bargain opportunities in select Quality stocks
40Source ICICI Securities Internal Analysis
Adjusted PE Shows The True Valuation
Time To Be Neutral Weight To Equities
Marginally OW Small and Midcap
Marginally UW Large cap
Neutral Weight Equity
41
SIP has performed well
42
Patience Pays Off in SIPKotak Emerging Equity Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty Midcap 100 TRI is the benchmark for Kotak Emerging Equity FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund
43
Kotak Emerging Equity Fund Feb-19 Feb-20 Feb-21
10 Yr 1630 1567 1943
7 Yr 1636 1506 1745
5 yr 1024 889 1807
3 yr 324 526 2647
1 yr -984 1316 9422
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1239 991 1480
7 Yr 1212 867 1370
5 yr 736 317 1440
3 yr 079 -333 2237
1 yr -1572 -097 9753
Patience Pays Off in SIPKotak Tax Saver Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 500 TRI is the benchmark for Kotak Tax Saver FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculatingreturn on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting fromthe beginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer todisclaimer slides for scheme information and detailed performance of the fund
44
Kotak Tax Saver Fund Feb-19 Feb-20 Feb-21
10 Yr 1192 1159 1450
7 Yr 1227 1163 1406
5 yr 924 846 1511
3 yr 631 574 2027
1 yr -093 480 6660
Nifty 500 TRI Feb-19 Feb-20 Feb-21
10 Yr 1138 992 1387
7 Yr 1163 916 1367
5 yr 903 658 1525
3 yr 732 201 1992
1 yr -456 -397 7206
Patience Pays Off in SIPKotak Equity Opportunities Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021Returns are for regular plan Nifty 200 TRI is the benchmark for Kotak Equity Opportunities FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund 45
Kotak Equity Opportunities Fund Feb-19 Feb-20 Feb-21
10 Yr 1277 1242 1526
7 Yr 1281 1192 1443
5 yr 923 885 1540
3 yr 576 582 2067
1 yr -313 720 6502
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1140 992 1368
7 Yr 1165 915 1351
5 yr 931 686 1514
3 yr 822 256 1931
1 yr -274 -478 6874
46
Patience Pays Off in SIPKotak Bluechip Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 50 TRI is the benchmark for Kotak Bluechip FundDisclaimer SIP is an optional feature offered by Kotak Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mutual Past performance may or maynot be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating return on investmentsgiven an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from the beginning of thesubsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides forscheme information and detailed performance of the fund
Kotak Bluechip Fund Feb-19 Feb-20 Feb-21
10 Yr 1078 1016 1354
7 Yr 1064 940 1319
5 yr 758 678 1479
3 yr 539 435 2006
1 yr -282 108 6528
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1108 979 1341
7 Yr 1130 918 1364
5 yr 958 772 1570
3 yr 989 429 1947
1 yr 112 -515 6633
47
Equity Investment Opportunity
48
Kotak Pioneer Fund
India Basketbull Approx 80 of portfolio invested in 35 businesses
in India
bull Digital ecosystems
bull China + strategy for manufacturing
bull Consumer discretionary
bull Healthcare
bull Chemicals
bull Fintech
bull Materials
bull Investing in a global fund with a similar pioneering theme ndash CI SignatureTechnology Fund
bull Much more than FANGM (Facebook Amazon Netflix Google Microsoft)
bull FANGM investment less than 5 of CI Signature Technology Fund as on Jan2021
bull Investments in decentralized finance payments ecommercesemiconductor urban transport social media etc
bull The international diversification ndash hedge against the domestic businesscycle and potential of INR depreciation against the USD over the mediumterm
Companies that use technology through process for enduring competitive advantage
International Diversification
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
1 YearSince
Inception(31102019)
Kotak Pioneer Fund - Regular Plan 5550 3678
Benchmark 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI 4230 2467
Nifty 50 TRI 3137 1752
Less than equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
49
Kotak Small Cap Fund
bull Kotak Small Cap Fund Identifies the hidden growth potential of small cap sized companies
bull The essence is to spot them young and watch them grow
bull Kotak Small Cap Fund focus on investing in quality businesses with strong competitive edge run by great management generating high return on capital amp offering sustainable growth with high market potential and available at reasonable valuations
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Scheme Name 1 Year 3 Year 5 Year 7 Year 10 year
Kotak Small Cap Fund - Reg - Growth 5207 1309 2037 2233 1777
Nifty Smallcap 100 TRI 4344 -017 1412 1488 1045
Healthy growth in Revenue EBITDA and PAT in investee companies in the aftermath of COVID 19 ( Q3FY21)
Sales Growth YoY EBITDA Growth YoY PAT Growth YoY
Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21
Kotak Small Cap Fund -243 53 167 173 262 312 -163 311 338
Kotak Asset Allocator Fund ndash An Effective Asset Allocation Medium To Ride The Market
PeriodKotak Asset Allocator
Fund - GrowthNIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1578 1221 1722
Last 5 Year 1464 1355 1729
Last 3 Years 1462 1199 1288
Last 1 Years 2928 2142 3137
Past performance may or may not be sustained in the future Inception date is as of Aug 09 2004
Mutual Fund investments are subject to market risks read all scheme related documentscarefullySource ICRA As on 28th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Return Profile
bull Higher Flexibility of allocation (0-100 in Equities)bull Current equity allocation is 37
50
51
Debt Investors With Marginal Appetite For Equity Can Consider Investment In Kotak Debt Hybrid Fund
bull Fixed income component at ~75 amp above This keeps the volatility low amp relatively marginal level
bull Equity exposure at 25 or less allows the investor to obtain the flavor of equity play without significant risk to capital
bull SWP can be utilized to meet ldquotax efficientrdquo income requirements of the investor
Source ICRA As on 26th Feb 2021 Industry data is from AMFI and Kotak Debt Hybrid data is from CAMS Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Please consult your tax advisor for further details
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Benchmark Crisil Hybrid 85+15 ndash ConservativeIndex
Net Aum flows in Rs Crs over last 12 months()
As on 31st Jan 2021
885
-15540 -14655
Kotak Debt Hybrid Others Total
Time HorizonKotak Debt Hybrid
Fund Nifty 50 TRI Benchmark
1 Year 1502 3137 1166
2 Years 1329 1742 1206
3 Years 923 1288 1010
5 Years 1046 1729 1030
52
Shift Money To Alpha Generating Large Caps
7 Years 5 Years 3 Years 1 Year
Kotak Bluechip Fund ndash Direct Plan 1655 1694 1272 2655
Nifty 50 TRI 1423 1712 1254 2583
bull Kotak Bluechip Fund is flexible in its large cap themes rather than being rigid in different market scenarios
bull It continues to focus on businesses with favourable supply side dynamics
bull Also focuses on capital efficiency with a reasonable track-record of capitalizing on various opportunities
bull There are broadly 4 sub-themes that fund captures now namely Financial Savings Moving from Lockdown to Unlock Consumer Demand amp Global Business
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than 1 year Absolute returns Greater than 1 year Compound Annualized returnsPast performance may or may not be sustained in the future Direct Growth option Inception Date is 1st Jan 2013 (Regular Plan Dividend Option InceptionDate Dec 29 1998)
Should We Invest In Gold
53
Gold
bull We have highlighted risk of import duty being reduced to our gold call
bull The same has played out in this budget as import duty rationalised from 125 to 10 ( 75 Import Duty Plus Agriculture Cess )
bull If the import duty is reduced further to that extent there will be a drop in Rupee Gold prices instantly
bull Subject to that volatility we remain bullish Gold on a longer term basis
bull Gold has corrected in recent times for accumulation
Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before
acting on any information in this communication54
Active VS Passive Funds in Alpha Generation
55
56
Index Funds Underperforms Index
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documentscarefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance ampscheme information of the fund
Fund Category 1 Year 3 Year 5 Year
SampP BSE Sensex TRI 2990 1420 1790
Category Average 2866 1328 1684
Alpha-124 -092 -106
Fund Category 1 Year 3 Year 5 Year
Nifty 50 TRI3130 1290 1730
Category Average 3019 1193 1606
Alpha-111 -097 -124
Less than 1 year Absolute returns Greater than 1 year CAGR
Active Funds Can Give Alpha
bull Active funds canrsquot take more than 10instocks
bull Fund has to keep Cash to meetredemptions
bull Index changes stocks at the closing price with no impact cost
bull Globally Total Return Index is compared with funds gross return ie expenses are added back to performance In India TRI is compared with net return of the fund
bull In Insurance for eg they comparegross return with PRI In MF wecompare TRI with net return
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
57
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years()
Kotak Infrastructure amp Economic Reform Fund - Dir - Growth
3092 538 157 1841
India Infrastructure Index (Customised Index by IISL)
3064 243 1089 895
Alpha 028 295 481 946
Kotak Small Cap Fund - Dir - Growth 5427 1462 2281 2399
Nifty Smallcap 100 TRI 4344 -017 1512 1488
Alpha 1083 1479 769 911
Kotak Emerging Equity Fund - Dir - Growth 3842 1345 2235 2493
Nifty Midcap 100 TRI 3985 679 1739 1814
Alpha -143 666 496 679
Kotak Flexicap Fund - Dir - Growth 2614 1192 1969 1905
Nifty 200 TRI 3214 1135 1826 1498
Alpha -60 057 143 407
Kotak Equity Opportunities Fund - Dir -Growth
2915 1284 2035 1869
Nifty 200 TRI 3214 1135 1826 1498
Alpha -299 149 209 371
Kotak Tax Saver Fund - Dir - Growth 2841 1353 1996 1889
Nifty 500 TRI 3337 1086 1836 1539
Alpha -496 267 16 35
Less than 1 year Absolute returns Greater than 1 year CAGR
58
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years
Kotak India EQ Contra Fund - Dir - Growth 3288 1444 2107 1711
Nifty 100 TRI 311 1191 1826 1468
Alpha 178 253 281 243
Kotak Bluechip Fund - Dir - Growth 315 1307 1812 1644
Nifty 50 TRI 3127 1288 1837 1414
Alpha 023 019 -025 23
Kotak India Growth Fund - Series IV - Dir - Growth 6903 1602 - -
Nifty 200 TRI 3214 1135 - -
Alpha 3689 467 - -
Kotak Pioneer Fund - Dir - Growth 5808 - - -
85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI
423 - - -
Alpha 1578 - - -
Kotak India Growth Fund - Series V - Dir - Growth 4674 - - -
Nifty 200 TRI 3214 - - -
Alpha 146 - - -
Active Funds Can Give Alpha
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
Less than 1 year Absolute returns Greater than 1 year CAGR
Our Funds Have Bounced From The Bottom
Source MFI Explorer As on 26th February 2021 Past performance may or may not sustain in the future Please consult your financial advisor orother professionals before acting on any information in thiscommunication Please refer to the disclaimer slides for scheme information
59
554
791840 853 855 864 906
9551001
12281308
Kotak BalancedAdvantage
Fund
Kotak EquityHybrid Fund
Kotak FlexicapFund
Kotak Tax SaverFund
Kotak EquityOpportunities
Fund
Kotak FocusedEquity Fund
Kotak BluechipFund
Kotak India EQContra Fund
Kotak EmergingEquity Fund
Kotak PioneerFund
Kotak SmallCap Fund
change in NAV of our funds when Nifty 50 was ~7610 (From 23rd Mar 2020 till 26th Feb 2021)
Regular growth Plans performance
Debt Market Outlook
March 2021
60
61
Source Bloomberg
Liquidity is Here To StayMarket may have misread RBI Signal
-9000
-8000
-7000
-6000
-5000
-4000
-3000
-2000
-1000
0
1000
5
55
6
65
7
75
Jun
-19
Jul-
19
Au
g-1
9
Sep
-19
Oct
-19
No
v-1
9
Dec
-19
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
India 10-Year Bond Yield (LHS)
India Banking System Liquidity (RHS)
INR Bn
bull Overnight rates will remain anchored at Reverse Repo rates longer than what market is pricing in bull RBI aims to normalize CRR in the near-term The CRR normalisation opens up space for a variety of market operations to inject
additional liquidity which may induce curve flattening
62
Fear of Liquidity Withdrawal Spooked The Mid-To-Long End (~2-7years) of The Curve
bull Yield Curve is now pricing in more negatives ndash liquidity tightening rate hikes etc
bull Yields have moved up across the curve especially mid to long end of the yield curve
Source Bloomberg
3
4
5
6
7
8
3M 6M 1Y 2Y 3Y 4Y 5Y 6Y 7Y 8Y 10Y 11Y 12Y 13Y 14Y 15Y 23Y 30Y 40Y
India Sovereign Curve ()
01-Mar-21 31-Dec-20 30-Jun-20
Opportunity of value creation exists in the longer end of the curve
The current yield curve is too steep enhancing the case to chase the carry in fixed income as opposed to capital gains
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
FII Activity in Debt Market
Source Axis Capital
USD Mn
63
(1494)
381
(8680)
(1434)
(2695)
402
(534)(142)
471 520 191 1080
(740) (391)
(10500)
(9000)
(7500)
(6000)
(4500)
(3000)
(1500)
0
1500
3000
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
Source MOSPI ICRASource Bloomberg RBI Internal Research Morgan Stanley Research
406
530
00
10
20
30
40
50
60
70
80
Mar
-15
May
-15
Jul-
15
Sep
-15
No
v-1
5
Jan
-16
Mar
-16
May
-16
Jul-
16
Sep
-16
No
v-1
6
Jan
-17
Mar
-17
May
-17
Jul-
17
Sep
-17
No
v-1
7
Jan
-18
Mar
-18
May
-18
Jul-
18
Sep
-18
No
v-1
8
Jan
-19
Mar
-19
May
-19
Jul-
19
Sep
-19
No
v-1
9
Jan
-20
Mar
-20
May
-20
Jul-
20
Sep
-20
No
v-2
0
Jan
-21
CPI Core CPI
Headline Inflation To Remain Range-bound Though Marginally Above The 4 Mark In The Near Term
bull We expect a prolonged pause from the MPC in FY22 and an accommodative stance until late FY22 at least
CPI is still likely to be above the medium-term target of 4 for most of H1-FY22 further rate cuts appear unlikely unless the economic environment worsens significantly
64
65
RBI Remains Committed on OMOOperation Twist To Fund Govt Borrowing
FY 21 (RE) FY 22 (BE)
Gross Market Borrowing 1279788 1205708
Source indiabudgetgovin Internal Estimates BE is Budgetary estimates RE is revised Estimates
(in Rs Crores)
INR 75000 cr OMOOperation Twist already done post budget borrowing announcement
Source CNBC
SDL Spreads Close To Peak Levels Attractive in Terms of Valuation
10yr Central Govt Gilt Yields vs 10yr SDL Yields
Source RBI Jefferies66
Current Spreads Look Attractive For Long Term Investors
Source Bloomberg Citi Research
Spread between 10year Gilt and 1year Gilt Yield MPCrsquos Focus on Term Premia Is Likely To Prevent Imminent Sharp Rise In Bond Yields
Incremental Spreads in 10 Year provides a good cushion to shocks
67
211
0
50
100
150
200
250
300
Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21
Case For Carry Corporate Bond Spreads Show Attractive Valuation Opportunity
Source Bloomberg Jefferies
Corporate AAA Bond Yield ()
68
444
558
3
35
4
45
5
55
6
65
7
75
Mar
-hellip
Ap
r-2
0
May
-hellip
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
1 Year AAA Corporate Bond
3 Year AAA Corporate Bond
450
500
550
600
650
700
750
800
850
1Y 2Y 3Y 4Y 5Y 7Y 10Y
01-Mar-21 29-Jan-21 31-Dec-19
India Corporate Bond Curve
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
69
Market Is Pricing In More Negative News
NABARD Yield Incremental Yield
adjusted for holding period
Protection for Rise in 10 yrNabard (bps)
Breakeven level10 yr Nabard
A 1 yr 425 After 1 yr
10 yr 715 29 051 766
B 2 yr 505 After 2 yr
10 yr 715 21+21=42 084 799
C 3 yr 56 After 3 yr
10 yr 715 155+155+155=455 103 818
Assuming investment HTM in short bonds for respective holding periods Adjusted is incremental yield for 2 yrmultiplied by 2 and 3 yr by 3
Source Internal Analysis The above illustration is not an indication of our portfolio
Debt Outlook
70
bull Liquidity is here to stay much longer than what market is fearing
bull Overnight rates are expected to gradually trend higher as normalisation of rates take place over the course of next 1 year
bull Fear of Liquidity withdrawal has led to sharp spike in OIS- swap yields in 1 yr at 392 and 2 yr at 435 this effectively means forward curve is pricing in almost 3 rate hikes of 25 bp each in Repo rate for the seller of the 2 yr swap to break even In our opinion is too soon and more than what the fundamental situation can justify purely based on inflation outlook
bull Inspite of the recent spike in crude oil prices average headline inflation for FY 22 is in the band of 5-525
bull With comfort on inflation reduction in gold imports stable to appreciating INR (High Fx reserves)We believe RBI will maintain a status quo along with its accommodative stance as there is no big urgency to rush for rate hikes
bull RBI while not giving OMO calendar is actually done decent amount of OMO till now and remain committed for more As the System isflush with liquidity and FX flows coming RBI is constrained to conduct aggressive OMO and add liquidity As the CRR cut reversal announced earlier will take out about 16 lac cr worth liquidity will increase the ability of the RBI to conduct outright OMO vs OT which will be more positive the long bonds
bull For investors it is best to stick to intended investment horizons as volatility would continue to be order of the day
bull Duration investors with appetite for volatility can look to invest in the Gilt Bond and Dynamic Bond Funds space
bull Investors looking for relatively higher YTM can consider Floating rate Fund Medium-Term Fund and Credit Risk Fund segment
bull Investors should stay invested across fixed income strategies ndash as ldquocarryrdquo assumes significance over ldquocapital gainsrdquo
Debt Investment Opportunity
71
Debt Funds Have Generated Good Returns For The Patient Investors
Source MFi Explorer Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to disclaimer slides for detailed performance and scheme information of the funds 72
Fund Name 3 Year Returns of Fund () (CAGR)
Kotak Gilt Fund 980
Kotak Dynamic Bond Fund 921
Kotak Banking and PSU Debt Fund 894
Kotak Bond Fund 879
Kotak Corporate Bond Fund 838
Kotak Bond Short Term Fund 815
Kotak Credit Risk Fund 702
Kotak Medium Term Fund 650
73
Kotak Dynamic Bond Fund Has Outperformed Over Long-Term Since 2018
928
600
650
700
750
800
850
900
950
1000
1050
Feb
-18
Ap
r-1
8
May
-18
Jul-
18
Au
g-1
8
Sep
-18
No
v-1
8
Dec
-18
Jan
-19
Mar
-19
Ap
r-1
9
Jun
-19
Jul-
19
Au
g-1
9
Oct
-19
No
v-1
9
Jan
-20
Feb
-20
Mar
-20
May
-20
Jun
-20
Jul-
20
Sep
-20
Oct
-20
Dec
-20
Jan
-21
Feb
-21
Rolling Returns()
Kotak Dynamic Bond Fund - Reg - Growth NIFTY Composite Debt Index
915
Credit funds carry credit risk and duration dynamic funds carry interest rate risk
Hence our advice to IFA distributors is that they allocate clients money in both dynamic and accrual funds from a 3 year perspective
Source ICRA As on 26th February 2021 The above returns is daily rolling returns for last 36months Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please refer to the disclaimer slides for detailed performance of the fund
Kotak Medium Term Fund
Fund YTM (As on 26 Feb 2021) Respective Segment YieldsIncremental Earnings
(Spread)
Kotak Medium Term Fund 699 3 Year AA 574 125
Source Bloomberg Data as on 26-Feb-2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for performance details amp scheme information
Mutual fund investment are subject to market risks read all scheme related documents carefully
26-Feb-2021 Average Maturity (Years) Modified Duration (Years) Macaulay Duration (Years)
378 263 281
bull Duration of the fund has come down as we expect normalisation of rates to take place over the course of next 1 year We see merit in running lower duration in Medium Term Fund
bull We believe Kotak Medium Term fund is a reasonably attractive investment option for investors with minimum 1 year investment horizon
74
Attractive Yields Across The Segment
Source Bloomberg Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for scheme details
Mutual fund investment are subject to market risks read all scheme related documents carefully 75
458
699 699
389
638 638
0
1
2
3
4
5
6
7
8
Kotak Low Duration Fund Kotak Credit Risk Fund Kotak Medium Term Fund
YTM () (As on 26 Feb 21) Respective Segment Yields ()
1 Year OIS
3 Year AA
3 Year AA
Incremental Spread 069
Incremental Spread 061
Incremental Spread 061
Distributor Engagement
76
Prostart ndash Video Learning Platform
1FINANCIAL PLANNING (10 VIDEOS)
2SOCIAL MEDIA MARKETING (14 VIDEOS)
3UNDERSTANDING RISK IN MFrsquoS (5 VIDEOS)
4TAXATION IN MFrsquoS (2 VIDEOS)
5NEW NORMAL (1 VIDEOS)
6MAXIMIZING DIGITAL CONNECTIONS (2 VIDEOS)
7HANDLING INVESTOR EMOTIONS (4 VIDEOS)
8ACQUIRING NEW CLIENTS (3 VIDEOS)
9THE NEXT WAVE (3 VIDEOS)
77
Over 25000 Participants
have viewed these Videos (Till Feb 2021)
Testimonials
ldquoGood Initiative developed by Kotak MF to enhance knowledge amp practical approach for MFDsrdquo -Md Qaise Ghazali
ldquoVery Knowledgeable Thank You Kotak MF Teamrdquo ndashVikas Jain
10DEBT DEMYSTIFIED (12 VIDEOS)
78
Business Dashboard
Transaction History
Distributor Initiated Transaction
Capital Gain and Account Statement
Prostart
Business Hub
More than 13574 IFArsquos are actively using Business Hub
Dont miss out on the benefits of Business Hub
Co-branding Marketing Material
Business opportunities
Stay Updated Follow us at Kotak Mutual Fund Click here to visit our YouTube Channel
How To Boost Business Using Business Hub
Product Video ndash Now Available In Different Languages
Kotak Bluechip Fund
Debt Market Outlook ndash March 2021
Kotak NASDAQ-100 FOF
How to make money through equity asset allocation (English)
Equity Market Outlook ndash March 2021
HindiGujaratiMarathiTeluguKannadaTamilMalayalamBengali
English ndash Mr Arjun Khanna amp Ms Lakshmi Iyer amp Mr Harsha Upadhyaya
Hindi - Mr Arjun Khanna
79
80
Please Follow Like And Share Kotak Mutual Fundrsquos Official Social Media Pages For Regular Updates
Twitter - KotakMF - httpstwittercomKotakMF
Facebook - KotakMF - httpsfacebookcomKotakMF
YouTube - Kotak Mutual Fund - httpswwwyoutubecomcKotakMutualFundOfficial
Instagram - Kotak Mutual Fund - httpsinstagramcomkotakmfigshid=kr86qg3u973n
LinkedIn - Kotak Mutual Fund - httpswwwlinkedincomcompanykotak-mutual-fund
ANNEXURES
81
Kotak MF Mantra lsquoReturn of Capitalrsquo is more important
Strong Promoters Cashflow backed business Liquidity and Asset Security are key to our investment ideas
82
Rating amp Category Breakup Across Kotak MF Open-Ended Debt Funds
Data As on 26 Feb 2021
We follow our investment process of focussing on credit quality and liquidity profile of our debt funds and maintain high degree of transparency for investors
Please consult your financial advisor or other professionals before acting on any information in this communication
It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Mutual fund investments are subject to market risks read all scheme related documents carefully
Feb-21 April-20
Credit Rating of Open-Ended Debt Funds of Total AUM of Total AUM
TbillG-SecSDLAAAA1+Cash 9393 9281
AA+ 228 165
AA 248 290
AA- 087 142
Below AA- 043 122
Grand Total (AUM) (INR Cr) 11895880 78624
The above rating allocation does not include NCA (Net Current Assets)
83
bull At Kotak MF we have zero borrowing across all our funds as on 26 Feb 2021
Mutual fund investments are subject to market risks read all scheme related documents carefully
Liquidity Position Of Kotak MF Debt Funds As said earlier our incremental allocation has gone into higher quality assets
Name of the Fund Fund Category of AUM in AAA (Long Term) or
A1+ (Short Term) Sovereign Debt Cash amp NCA (Dec 2020)
of AUM in AAA (Long Term) or A1+ (Short Term) Sovereign Debt
Cash amp NCA (Apr 2020)
Non-Credit Strategies
Kotak Liquid Fund Liquid 100 100
Kotak Money Market Fund Money Market 100 100
Kotak Corporate Bond Fund Corporate Bond 100 100
Kotak Bond Short Term Fund Short Duration 100 100
Kotak Bond Fund Medium to Long Duration 96 86
Kotak Dynamic Bond Fund Dynamic Bond 92 85
Kotak Savings Fund Ultra Short Duration 91 87
Kotak Banking and PSU Debt Fund
Banking and PSU 88 79
Kotak Low Duration Fund Low Duration 85 52
Credit Strategies
Kotak Medium Term Fund Medium Duration 63 50
Kotak Credit Risk Fund Credit Risk 36 27
As on 26 Feb 2021It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Please refer to the disclaimer slides for scheme details
The above rating allocation includes NCA (Net Current Assets)
84
Key Variables amp Their Impact On Interest Rates
Key VariablesShort Term
(3-6mo)Medium Term
(6mo-2yrs)Remarks ndash( Denotes fall in Interest Rates )
InflationHeadline CPI is expected to be in the range of 4-5 for the year Despite expansion of the fiscal deficit the quality ofspending appears to be non inflationary Inflation is unlikely to be area of problem in the year
Rupee
INR has been quite strong since last 3m curtsey strong FDI and FPI flows in equity Lat 1 yr also its marginallydepreciated We have FX reserves closes to 600 bn and given CAD and TD under control INR is expected to remain wellbid We believe in the absence of any geo political event INR is expected to be stable and shall appreciate as economicgrowth stabilizes RBI is keeping INR competitive on REER basis
Credit DemandGradually economy is opening up and Credit growth is expected to pickup as unlocking activity resumes and gains momentum post vaccination in phases However situation is fragile and this may accentuate the situation further However easy rates may help some demand pickup Till then credit growth will not impact rates negatively
Government Borrowing
Union budget has shocked the market by giving 80 extra borrowing for the current year in dated securities Next year also borrowing is on heavier side However we believe the govt RBI may have some credible plan to conduct the borrowing smoothly As the budget is non inflationary and otherwise also inflation is under control there is no reason for govt to give so high real rates hence we believe the RBI will pull some demand leveres such as index inclusion or OMO Will have to wait for MPC
RBI PolicyRbi has shown commitment in the past and there is no reason for taking the rates higher hence we believe RBI is expected to come up with some credible plan If they leave it to the market then we are headed for a tough time
Global Event RiskThe News of a Vaccine has triggered a risk-on event and lead to a sharp rally in risk asset and bonds were sold offHowever yields will look for growth which may not come in a hurry On the other hand the risk of a geopolitical eventis always open
Corporate bond SpreadWhile some green shoots seen but on an over all basis the economy is still struggling Short term spreads have seendecent compression unlikely to compress further meaningfully Long terms bonds still offer attractive spreads but likelyjust a carry trade
Debt FII flowWe have seen some traction coming in near term with revival of flows from the FPI in debt However its seems real flows will only be seen with index inclusion
Liquidity
Despite very high liquidity more than 1 yr yield is moving higher as the fear is RBI will remove accommodation sooner than later However we believe large part of the move is done 2-10 yr curve
85
Key Variables amp Their Impact On Equities
Key VariablesShort -term
Medium ndashterm
Remarks
EconomyWhile Covid-19 impacts economy there is likely to be sequential improvement as Indian economy unlocks
Corporate EarningsWhile Covid-19 impacts corporate India there is likely to be sequential improvement as Indian economy unlocks
FII FlowIndia stands out among global asset classes with prospects of strong long term growth given favorable demographics
DII Flow Long runaway of growth in financialization of savings
Supply of paperHigher disinvestment target and repair of leveraged balance sheet to create supply in markets
PolicyReform Initiative Expect improved reform momentum
Signify Growth 86
Disclaimers amp Disclosures
87
The information contained in this (document) is extracted from different public sources All reasonable care has been taken to ensure that the information contained hereinis 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 KotakMahindra Asset Management Co Ltd or any associated companies or any employee thereofWe are not soliciting any action based on this material and is for generalinformation only Investors should consult their financial advisors if in doubt about whether the product is suitable for them before investing
These materials are not intended for distribution to or use by any person in any jurisdiction where such distribution would be contrary to local law or regulation Thedistribution of this document in certain jurisdictions may be restricted or totally prohibited and accordingly persons who come into possession of this document arerequired to inform themselves about and to observe any such restrictions
Mutual Fund investments are subject to market risks read all scheme related documents carefully
Disclaimers amp Risk Factors
88
Scheme Inception date is 26052008 Mr Deepak Agrawal has been managing the fund since 25112012 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Dynamic Bond Fund As on 26 Feb 2021
Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Banking amp PSU Debt Fund As on 26 Feb 2021
89
Dec 29 1998Kotak Banking and PSU
Debt Fund - GrowthCRISIL Banking and PSU
Debt Index ALPHA CRISIL 1 Year Tbill
Kotak Banking and PSU Debt Fund - Growth
CRISIL Banking and PSU Debt Index
CRISIL 1 Year TBill
Since Inception 753 NA NA 662 50043 NA 41450
Last 1 Year 744 632 112 547 10742 10630 10546
Last 3 Years 894 868 026 665 12926 12834 12127
Last 5 Years 846 854 -008 656 15006 15064 13739
May 26 2008Kotak Dynamic Bond
Fund - GrowthNIFTY Composite Debt
Index ALPHA CRISIL 1 Year TBill
Kotak Dynamic Bond Fund - Growth
NIFTY Composite Debt Index
CRISIL 1 Year TBill
Since Inception 860 846 014 648 28659 28180 22287
Last 1 Year 685 790 -105 547 10683 10788 10546
Last 3 Years 921 934 -013 665 13022 13068 12127
Last 5 Years 912 868 044 656 15470 15161 13739
Scheme Inception date is 06032008 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Low Duration Fund As on 26 Feb 2021
Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Fund As on 26 Feb 2021
90
Mar 06 2008Kotak Low Duration
Fund - GrowthNIFTY Low Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Low Duration Fund - Growth
NIFTY Low Duration Debt Index
CRISIL 1 Year TBill
Since Inception 769 827 -058 648 26178 28053 22605
Last 1 Year 669 594 075 547 10667 10592 10546
Last 3 Years 760 723 037 665 12455 12326 12127
Last 5 Years 774 735 039 656 14514 14256 13739
Nov 25 1999Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
ALPHA CRISIL 10 Year Gilt Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 878 NA NA NA 59893 NA NA
Last 1 Year 672 765 -093 493 10670 10763 10492
Last 3 Years 879 912 -033 894 12872 12990 12927
Last 5 Years 800 859 -058 734 14692 15093 14246
Scheme Inception date is 02052002 Mr Deepak Agrawal has been managing the fund since 11072007 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Short Term Fund on 26 Feb 2021
Scheme Inception date is 21092007 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Corporate Bond Fund on 26 Feb 2021
91
May 02 2002Kotak Bond Short Term
Fund - GrowthNIFTY Short Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Bond Short Term Fund - Growth
NIFTY Short Duration Debt Index
CRISIL 1 Year TBill
Since Inception 772 793 -021 607 40606 42094 30324
Last 1 Year 720 797 -077 547 10718 10794 10546
Last 3 Years 815 828 -013 665 12648 12692 12127
Last 5 Years 785 808 -024 656 14585 14746 13739
Sep 21 2007Kotak Corporate Bond
Fund - GrowthCRISIL Corporate Bond
Composite Index ALPHA CRISIL 1 Year TBill
Kotak Corporate Bond Fund - Growth
CRISIL Corporate Bond Composite Index
CRISIL 1 Year TBill
Since Inception 818 939 -120 645 28790 33407 23163
Last 1 Year 741 793 -052 547 10739 10791 10546
Last 3 Years 838 894 -057 665 12726 12927 12127
Last 5 Years 830 885 -055 656 14898 15277 13739
Scheme Inception date is 11052010 Mr Deepak Agrawal has been managing the fund since 12042010 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Credit Risk Fund As on 26 Feb 2021
Scheme Inception date is 21032014 Mr Deepak Agrawal has been managing the fund since 22062015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Medium Term Fund As on 26 Feb 2021
92
May 11 2010Kotak Credit Risk Fund -
GrowthNIFTY Credit Risk Bond
Index ALPHA CRISIL 1 Year TBill
Kotak Credit Risk Fund -Growth
NIFTY Credit Risk Bond Index
CRISIL 1 Year TBill
Since Inception 808 930 -121 671 23159 26128 20167
Last 1 Year 455 987 -532 547 10453 10984 10546
Last 3 Years 702 900 -198 665 12253 12946 12127
Last 5 Years 755 900 -145 656 14384 15380 13739
Mar 21 2014Kotak Medium Term
Fund - GrowthNIFTY Medium Duration
Debt Index ALPHA CRISIL 10 Year Gilt
Kotak Medium Term Fund - Growth
NIFTY Medium Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 812 900 -088 826 17192 18192 17350
Last 1 Year 456 873 -417 493 10455 10871 10492
Last 3 Years 650 902 -252 894 12078 12954 12927
Last 5 Years 730 863 -133 734 14218 15121 14246
Kotak Balanced Advantage Fund Performance as on 26 Feb 2021
Scheme Inception date is 03082018 Mr Harish Krishnan Mr Abhishek Bisen have been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the periodhave been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point(PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark Alpha is difference ofscheme return with benchmark return
Kotak Debt Hybrid Fund Performance as on 26 Feb 2021
Scheme Inception date is 02122003 Mr Abhishek Bisen has been managing the fund since 01042008 Mr Devender Singhal has been managing the fund since 25082015Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (CompoundedAnnualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of SchemeBenchmark Name of Additional BenchmarkThe performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark returnTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant(PRI)The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using compositeCAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return 93
Aug 03 2018Kotak Balanced
Advantage Fund -Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA Nifty 50 TRI
Kotak Balanced Advantage Fund -
Growth
NIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1092 1167 -075 1130 13052 13281 13166
Last 1 Year 1849 2142 -292 3137 11844 12135 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Dec 02 2003Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
ALPHA CRISIL 10 Year Gilt Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
CRISIL 10 Year Gilt
Since Inception 809 855 -045 582 38280 41141 26537
Last 1 Year 1502 1166 336 493 11497 11162 10492
Last 3 Years 923 1010 -086 894 13030 13341 12927
Last 5 Years 1046 1030 017 734 16443 16319 14246
Kotak Asset Allocator Fund as on 26 Feb 2021
Scheme Inception date is 09082004 Mr Devender Singhal amp Mr Arjun Khanna has been managing the fund since 09052019 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using composite CAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return
Scheme Inception date is 29121998 Mr Abhishek Bisen has been managing the fund since 15042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Gilt Fund As on 26 Feb 2021
94
Aug 09 2004Kotak Asset Allocator
Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA SampP BSE SENSEX TRI
Kotak Asset Allocator Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index SampP BSE SENSEX TRI
Since Inception 1578 1221 357 1579 113266 67426 113398
Last 1 Year 2928 2142 786 3000 12919 12135 12990
Last 3 Years 1462 1199 262 1422 15051 14043 14894
Last 5 Years 1464 1355 109 1789 19793 18868 22764
Dec 29 1998Kotak Gilt Fund -
GrowthNIFTY All Duration G-Sec
Index ALPHA CRISIL 10 Year Gilt
Kotak Gilt Fund -Growth
NIFTY All Duration G-Sec Index
CRISIL 10 Year Gilt
Since Inception 951 NA NA NA 74952 NA NA
Last 1 Year 768 641 128 493 10766 10639 10492
Last 3 Years 980 1001 -021 894 13234 13311 12927
Last 5 Years 892 848 044 734 15325 15020 14246
Kotak Pioneer Fund as on 26 Feb 2021
Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Different plans have different expense structure The performance details provided herein are of regular plan 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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
95
Oct 31 2019Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
ALPHA Nifty 50 TRI Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
Nifty 50 TRI
Since Inception 3678 2467 1211 1752 15149 13397 12386
Last 1 Year 5550 4230 1320 3137 15531 14216 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Feb 25 2008Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
ALPHA Nifty 50 TRI
Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
Nifty 50 TRI
Since Inception 719 133 586 951 24675 11876 32619
Last 1 Year 2940 3064 -124 3137 12931 13054 13127
Last 3 Years 405 243 162 1288 11265 10746 14378
Last 5 Years 1332 1089 243 1729 18676 16760 22189
Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 01022015
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Infrastructure amp Economic Reform Fund as on 26 Feb 2021
96
Feb 20 2018Kotak India Growth Fund -
Series IV - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series IV - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1462 1173 289 1328 15099 13979 14570
Last 1 Year 6667 3224 3443 3137 16644 13214 13127
Last 3 Years 1471 1135 335 1288 15087 13803 14378
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 20022018 Mr Devender Singhal has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak India Growth Fund Series IV as on 26 Feb 2021
Kotak India Growth Fund Series V as on 26 Feb 2021
May 15 2018Kotak India Growth Fund -
Series V - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series V - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1389 1146 243 1265 14372 13534 13939
Last 1 Year 4661 3224 1437 3137 14646 13214 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak Smallcap Fund Performance as on 26 Feb 2021
Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the TotalReturn variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
97
Kotak Smallcap Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1930000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 8187177 3266871 1617790 1001229 576604 190906
Scheme Returns () 1620 1905 1843 2067 3331 12808
NIFTY Smallcap 100 (TRI) Returns () 1048 1159 1036 1161 2174 12178
Alpha 572 746 808 905 1158 630
NIFTY Smallcap 100 (TRI) (Rs) 4794025 2190608 1213472 802393 493594 187746
Nifty 50 (TRI) (Rs)^ 5809863 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1256 1341 1364 1570 1947 6633
Scheme Inception - February 242005 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Feb 24 2005Kotak Smallcap Fund -
GrowthNIFTY Smallcap 100 TRI ALPHA Nifty 50 TRI
Kotak Smallcap Fund -Growth
NIFTY Smallcap 100 TRI Nifty 50 TRI
Since Inception 1648 1274 375 1440 115182 68229 86309
Last 1 Year 5224 4358 866 3137 15207 14344 13127
Last 3 Years 1309 -017 1326 1288 14460 9950 14378
Last 5 Years 2040 1419 622 1729 25291 19406 22189
Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) Performance as on 26 Feb 2021
98
Kotak Flexi Cap Fund (Previously known as Kotak Select Standard Multi Cap Fund)
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1380000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 3453492 2729977 1380165 856388 468086 156611
Scheme Returns () 1505 1571 1397 1426 1792 6240
Nifty 200 (TRI) Returns () 1288 1368 1351 1514 1931 6874
Alpha 218 204 045 -088 -139 -634
Nifty 200 (TRI) (Rs) 3011611 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 2974930 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1268 1341 1364 1570 1947 6633
Scheme Inception - September 11 2009 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 11 2009Kotak Flexi Cap Fund -
GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak Flexi Cap Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1391 1156 235 1140 44527 35062 34492
Last 1 Year 2497 3224 -727 3137 12489 13214 13127
Last 3 Years 1082 1135 -054 1288 13604 13803 14378
Last 5 Years 1738 1719 020 1729 22274 22089 22189
Kotak Emerging Equity Fund Performance As on 26 Feb 2021
Scheme Inception date is 30032007 Mr Pankaj Tibrewal has been managing the fund since 27052010 Different plans have different expense structure The performance detailsprovided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circulardated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha isdifference of scheme return with benchmark return
99
Kotak Emerging Equity Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1680000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 6176383 3334607 1562085 940171 526485 173627
Scheme Returns () 1705 1943 1745 1807 2647 9422
Nifty Midcap 100 (TRI) Returns () 1388 1480 1370 1440 2237 9753
Alpha 316 463 375 368 410 -332
Nifty Midcap 100 (TRI) (Rs) 4795200 2599125 1367070 859342 497885 175354
Nifty 50 (TRI) (Rs)^ 4226246 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1229 1341 1364 1570 1947 6633
Scheme Inception - March 30 2007 The returns are calculated by XIRR approach assuming investment of 10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Mar 30 2007Kotak Emerging Equity
Fund - GrowthNifty Midcap 100 TRI ALPHA Nifty 50 TRI
Kotak Emerging Equity Fund - Growth
Nifty Midcap 100 TRI Nifty 50 TRI
Since Inception 1320 1332 -012 1138 56228 57054 44823
Last 1 Year 3676 3998 -322 3137 13664 13985 13127
Last 3 Years 1207 679 528 1288 14070 12177 14378
Last 5 Years 1997 1624 372 1729 24836 21217 22189
Kotak Tax Saver Fund Performance as on 26 Feb 2021
Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
100
Kotak Tax Saver Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1840000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5208479 2557585 1384584 874589 483657 158907
Scheme Returns () 1251 1450 1406 1511 2027 6660
Nifty 500 (TRI) Returns () 1244 1387 1367 1525 1992 7206
Alpha 007 063 038 -014 035 -546
Nifty 500 (TRI) (Rs) 5177617 2472906 1365740 877640 481312 161867
Nifty 50 (TRI) (Rs)^ 5074950 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1221 1341 1364 1570 1947 6633
Scheme Inception - November 23 2005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initialand final value and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Nov 23 2005Kotak Tax Saver Fund -
GrowthNifty 500 TRI ALPHA Nifty 50 TRI
Kotak Tax Saver Fund -Growth
Nifty 500 TRI Nifty 50 TRI
Since Inception 1217 1303 -085 1328 57797 64882 67113
Last 1 Year 2685 3347 -662 3137 12677 13337 13127
Last 3 Years 1219 1086 133 1288 14116 13621 14378
Last 5 Years 1741 1731 010 1729 22304 22207 22189
Kotak Equity Opportunities Fund Performance as on 26 Feb 2021
Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012 Different plans have different expense structure The performance details provided hereinare of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRAMFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
101
Kotak Equity Opportunities Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1980000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 7635338 2664264 1403160 880871 486395 158045
Scheme Returns () 1478 1526 1443 1540 2067 6502
Nifty 200 (TRI) Returns () 1281 1368 1351 1514 1931 6874
Alpha 197 158 092 026 136 -373
Nifty 200 (TRI) (Rs) 6308482 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 6292270 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1279 1341 1364 1570 1947 6633
Scheme Inception - September 09 2004 The returns are calculated by XIRR approach assuming investment of Rs 10000- 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 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 TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 09 2004Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI ALPHA Nifty 50 TRI Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1831 1537 294 1555 159694 105534 108232
Last 1 Year 2771 3224 -453 3137 12762 13214 13127
Last 3 Years 1158 1135 023 1288 13887 13803 14378
Last 5 Years 1791 1719 072 1729 22776 22089 22189
Kotak Bluechip Fund Performance as on 26 Feb 2021
Since inception date of Kotak Bluechip Fund - Reg Growth is 4022003 Mr Harish Krishnan has been managing the fund since 01012014Different plans have different expense structure Theperformance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000-investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 theperformance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the schemebenchmark performance is calculated using composite CAGR of SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Since Inception date of KotakBluechip Fund- Dividend plan is 29121998 Alpha is difference of scheme return with benchmark return
102
Kotak Bluechip Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 2170000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 9909049 2429408 1342358 867738 482271 158190
Scheme Returns () 1497 1354 1319 1479 2006 6528
Nifty 50 (TRI) Returns () 1393 1341 1364 1570 1947 6633
Alpha 103 013 -045 -091 059 -105
Nifty 50 (TRI) (Rs) 8857197 2412890 1363994 887303 478297 158761
SampP BSE SENSEX (TRI) (Rs)^ 9110194 2472879 1393707 907359 481833 157647
SampP BSE SENSEX (TRI) Returns () 1419 1387 1424 1662 2000 6429
Scheme Inception - December 29 1998 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the scheme benchmark SIP Performance is calculated by taking SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Alpha is difference of scheme return with benchmark return
Feb 04 2003Kotak Bluechip Fund -
GrowthNifty 50 TRI ALPHA SampP BSE SENSEX TRI
Kotak Bluechip Fund -Growth
Nifty 50 TRI SampP BSE SENSEX TRI
Since Inception 1967 1722 246 1738 256865 176573 181028
Last 1 Year 3007 3137 -130 3000 12998 13127 12990
Last 3 Years 1181 1288 -107 1422 13975 14378 14894
Last 5 Years 1575 1729 -154 1789 20767 22189 22764
Kotak India EQ Contra Fund as on 26 Feb 2021
Jul 27 2005Kotak India EQ Contra
Fund - GrowthNifty 100 TRI ALPHA Nifty 50 TRI
Kotak India EQ Contra Fund - Growth
Nifty 100 TRI Nifty 50 TRI
Since Inception 1321 1408 -088 1388 69209 78041 75924
Last 1 Year 3123 3120 003 3137 13113 13110 13127
Last 3 Years 1293 1191 102 1288 14396 14010 14378
Last 5 Years 1830 1719 110 1729 23155 22098 22189
Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
103
Kotak India EQ Contra Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1880000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5753810 2581589 1412974 907013 487708 163570
Scheme Returns () 1309 1467 1463 1660 2087 7522
Nifty 100 (TRI) Returns () 1268 1363 1351 1519 1891 6526
Alpha 041 104 112 141 195 996
Nifty 100 (TRI) (Rs) 5543589 2441380 1357611 876201 474636 158175
Nifty 50 (TRI) (Rs)^ 5371562 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1233 1341 1364 1570 1947 6633
Scheme Inception - July 272005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initial and finalvalue and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Other Funds Managed by Mr Deepak Agarwal
Mr Deepak Agrawal manages 12 funds amp All FMPs of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan (Kotak Bond Short Term Fund (May 02 02) Kotak Dynamic Bond Fund (May 26 08) Kotak Money Market Fund (Nov 25 07) Kotak Liquid Fund (Nov 04 03) Kotak Banking and PSU Debt Fund (Dec 29 98) Kotak Savings Fund (Jul 11 07) Kotak Credit Risk Fund (May 11 10) Kotak Medium Term Fund (Mar 21 14) Kotak Low Duration Fund (Jan 31 15) Kotak Corporate Bond Fund (Sep 21 07) Kotak Overnight Fund (Jan 15 19) All Fixed Maturity Plans in existence (Aug 1315) Kotak Floating Fund (May 14 2019)
Kotak Floating Rate Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 14052019 Mr Deepak Agrawal has been managing the fund since 14052019Kotak Banking and PSU Debt Fund - Growth Name of the Benchmark - CRISIL Banking and PSU Debt Index Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008Kotak Savings Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 13082004 Mr Deepak Agrawal has been managing the fund since 01042008Kotak Liquid Fund - Growth Name of the Benchmark - NIFTY Liquid Index Scheme Inception date is 04112003 Mr Deepak Agrawal has been managing the fund since 01052007Kotak Overnight Fund - Growth Name of the Benchmark - NIFTY 1D Rate Index Scheme Inception date is 15012019 Mr Deepak Agrawal has been managing the fund since 15012019Kotak Money Market Fund - Growth Name of the Benchmark - NIFTY Money Market Index Scheme Inception date is 14072003 Mr Deepak Agrawal has been managing the fund since 01112006
104
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Floating Rate Fund - Growth 808 514 NA NA NA NA 772 610
Kotak Banking and PSU Debt Fund - Growth 744 632 894 868 846 854 753 NA
Kotak Savings Fund - Growth 524 514 684 696 705 716 760 797
Bottom 3
Kotak Money Market Fund - Growth 520 471 692 638 699 672 728 742
Kotak Liquid Fund - Growth 377 388 577 582 627 624 715 717
Kotak Overnight Fund - Growth 296 312 NA NA NA NA 429 443
Funds Managed by Mr Harsha Upadhyaya
Mr Harsha Upadhyaya manages 4 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Opportunities Fund (Sep 9 04) Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) (Sep 11 09) Kotak Tax Saver Fund (Nov 2305)
Funds Managed by Mr Pankaj Tibrewal
Mr Pankaj Tibrewal manages 3 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Small Cap Fund (Feb 2405) Kotak Emerging Equity Fund (Mar 3007) Kotak Equity Hybrid Fund (Nov 2599) Kotak Smallcap Fund - Growth Name of the Benchmark - NIFTY Smallcap 100 TRI Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010 Kotak Equity Hybrid Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008
105
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Equity Opportunities Fund - Growth 2771 3224 1158 1135 1791 1719 1831 1537
Kotak Tax Saver Fund - Growth 2685 3347 1219 1086 1741 1731 1217 1303
Kotak Flexi Cap Fund - Growth 2497 3224 1082 1135 1738 1719 1391 1156
Kotak ESG Opportunities Fund - Growth Kotak ESG Opportunities Fund has not yet completed 1 year from Inception the performance of the scheme is not disclosed
Kotak Equity Opportunities Fund - Growth (Erstwhile Kotak Opportunities) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012
Kotak Tax Saver Fund - Growth Name of the Benchmark - Nifty 500 TRI Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015
Kotak Flexi Cap Fund - Growth (Erstwhile Kotak Standard Multicap Fund) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Small Cap Fund - Growth 5224 4358 1309 -017 2040 1419 1648 1274
Kotak Emerging Equity Fund - Growth 3676 3998 1207 679 1997 1624 1320 1332
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Funds Managed by Mr Hiten Shah
Mr Hiten Shah manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Balanced Advantage Fund (Aug 03 18) Kotak Equity Savings Fund (Oct 13 2014) Kotak Equity Arbitrage Fund (Sep 29 05) Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Equity Arbitrage Fund - Growth Name of the Benchmark - Nifty 50 Arbitrage Index Scheme Inception date is 29092005 Mr Hiten Shah has been managing the fund since 03102019
Funds Managed by Ms Shibani Kurian
Ms Shibani Kurian manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak India EQ Contra Fund - Growth (July 27 05) Kotak India Growth Fund Series 7 (Aug 31 18) Kotak Focused Equity fund (Jul 16 19) Kotak India EQ Contra Fund - Growth (Erstwhile Classic Equity Fund) Name of the Benchmark - Nifty 100 TRI Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak India Growth Fund - Series 7 - Growth Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 31082018 Ms Shibani Kurian has been managing the fund since 09052019
106
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Balanced Advantage Fund - Growth 1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Kotak Equity Arbitrage Fund - Growth 354 186 539 454 577 484 713 NA
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak India EQ Contra Fund - Growth 3123 3120 1293 1191 1830 1719 1321 1408
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak India Growth Fund - Series 7 - Growth 2018 3137 NA NA NA NA 1042 1037
Other Funds Managed by Mr Harish Krishnan
Mr Harish Krishnan manages 7 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak BluechipFund (Feb 04 03) Kotak Infrastructure amp Economic Reform Fund (Feb 25 08) Kotak India Growth Fund Series 5 (May1518) Kotak Balanced Advantage Fund (Aug 0318) Kotak Equity Savings Fund (Oct 13 14) Kotak Focused Equity fund (Jul 16 19) Kotak Pioneer Fund (Oct 31 19
Kotak Pioneer Fund - Growth Name of the Benchmark - 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Kotak India Growth Fund Series 5- Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018Kotak Bluechip Fund - Growth (Erstwhile Kotak 50) Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 04022003 Mr Harish Krishnan has been managing the fund since 15112013Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Infrastructure and Economic Reform Fund - Growth Name of the Benchmark - India Infrastructure Index (Customised Index by IISL) Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 31012015
107
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Pioneer Fund - Growth 5550 4230 NA NA NA NA 3678 2467
Kotak India Growth Fund - Series 5 - Growth 4661 3224 NA NA NA NA 1389 1146
Kotak Bluechip Fund - Growth 3007 3137 1181 1288 1575 1729 1967 1722
Bottom 3
Kotak Infrastructure and Economic Reform Fund -Growth
2940 3064 405 243 1332 1089 719 133
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Other Funds Managed by Mr Abhishek Bisen
Mr Abhishek Bisen manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Hybrid Fund (Nov 05 2014) Kotak Debt Hybrid Fund (Dec 02 03) Kotak Bond Fund (Regular Plan) (Apr 15 08) Kotak Gilt Fund (Regular amp PF-Trust) (Dec 29 98) Kotak Equity Savings Fund (Oct 13 14) Kotak Gold ETF (Jul 27 07) Kotak Gold Fund (Mar 25 11) Kotak Balanced Advantage Fund (Aug 03 18)
Kotak Gold Fund - Growth Name of the Benchmark - Price of Gold Scheme Inception date is 25032011 Mr Abhishek Bisen has been managing the fund since 04032011Kotak Gold ETF Name of the Benchmark - Price of Gold Scheme Inception date is 27072007 Mr Abhishek Bisen has been managing the fund since 15042008 amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Equity Hybrid Fund - Growth (Erstwhile Kotak Balance) Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 and Kotak Equity Hybrid Fund - Regular plan scheme inception date is 3rd November 2014 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008Kotak Bond Fund - Growth Name of the Benchmark - NIFTY Medium to Long Duration Debt Index Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Balanced Advantage Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 5050 Index Scheme Inception date is 03082018 Mr Abhishek Bisen amp Mr Harish Krishnan has been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019
108
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Kotak Balanced Advantage Fund - Growth1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth1314 963 790 704 934 816 837 719
Bottom 3
Kotak Gold Fund - Growth 741 765 1445 1467 887 860 671 815
Kotak Gold ETF 710 765 1380 1467 764 860 1178 1290
Kotak Bond Fund - Growth 672 765 879 912 800 859 878 NA
Other Funds Managed by Mr Devender Singhal
Mr Devender Singhal manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak DebtHybrid Fund - Growth (Dec 02 03) Kotak India Growth Fund Series-4 (Feb 14 18) Kotak NV20 ETF (Dec 01 15) Kotak Banking ETF (Dec 10 14) Kotak Sensex ETF (Jun 06 08) Kotak Asset AllocatorFund (Aug 09 04) Kotak PSU Bank ETF (Nov 08 07) Kotak Nifty ETF (Feb 02 10)
Kotak India Growth Fund - Series 4 - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 14022018 Mr Devender Singhal has been managing the fund since 24012019Kotak NV20 ETF - Name of the Benchmark Nifty 50 Value 20 TRI Scheme Inception date is 01122015 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Sensex ETF Name of the Benchmark - SampP BSE SENSEX TRI Scheme Inception date is 06062008 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Nifty ETF Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 02022010 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Banking ETF Name of the Benchmark - Nifty Bank TRI Scheme Inception date is 10122014 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak PSU Bank ETF - Name of the Benchmark Nifty PSU Bank TRI Scheme Inception date is 08112007 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019
109
Scheme Name
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak India Growth Fund - Series 4 -Growth
6667 3224 1471 1135 NA NA 1462 1173
Kotak NV20 ETF 3937 4355 1526 1660 1902 2002 1643 1620
Kotak Nifty ETF 3078 3137 1261 1288 1647 1729 1044 1181
Bottom 3
Kotak Sensex ETF 2955 3000 1390 1422 1696 1789 982 1097
Kotak PSU Bank ETF 2203 2303 -876 -807 248 359 -163 -014
Kotak Banking ETF 1749 1948 1108 1183 2008 2068 1087 1132
Fund Type of Scheme
Kotak Equity Opportunities Fund Large amp Mid Cap Fund - An open ended equity scheme investing in both large cap and mid cap stocks
Kotak Small Cap Fund Small cap fund - An open-ended equity scheme predominantly investing in small cap stocks
Kotak Emerging Equity Fund Mid Cap Fund - An open ended equity scheme predominantly investing in mid cap stocks
Kotak Tax Saver Fund An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
Kotak Balanced Advantage Fund Open ended Dynamic Asset Allocation Fund
Kotak Pioneer Fund An open ended equity scheme investing in pioneering innovations theme
Kotak India EQ Contra Fund An open-ended equity scheme following contrarian investment strategy
Kotak Debt Hybrid Fund An open ended hybrid scheme investing predominantly in debt instruments
Kotak Bluechip Fund Large cap fund - An open-ended equity scheme predominantly investing in large cap stocks
Kotak Asset Allocator FundAn open ended fund of fund scheme investing in specified open-ended equity and debt Schemes of Kotak Mahindra
Mutual Fund
Kotak Equity Arbitrage Fund An open ended scheme investing in arbitrage opportunities
Kotak Equity Savings Fund An open ended scheme investing in equity arbitrage and debt
Kotak Flexicap Fund Flexicap Fund - An open ended dynamic equity scheme investing across large cap mid cap small cap stocks
Kotak Focused Equity Fund An open ended equity scheme investing in maximum 30 stocks in large-cap mid-cap and small-cap category
Kotak Floating Rate Fund An open ended debt scheme predominantly investing in floating rate instruments
Kotak Equity Hybrid Fund An open-ended hybrid scheme investing predominantly in equity and equity related instruments
Kotak International REIT FoFAn open ended fund of fund scheme investing in units of SMAM ASIA REIT Sub Trust fund andor other similar overseas
REIT funds
Kotak ESG Opportunities FundAn open ended equity scheme which follows the Environment Social and Governance (ESG) theme with flexibility of
investing across market capitalization 110
Fund Type of Scheme
Kotak Overnight Fund An open ended debt scheme investing in overnight securities
Kotak Gilt Fund An open ended debt scheme investing in government securities across maturity
Kotak Money Market Fund An open ended debt scheme investing in money market instruments
Kotak Savings Fund An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months
Kotak Bond Short Term Fund An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years
Kotak Corporate Bond Fund An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds
Kotak Credit Risk Fund An open ended debt scheme predominantly investing in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds)
Kotak Banking amp PSU Debt Fund An open ended debt scheme predominantly investing in Debt instruments of banks Public Sector Undertakings Public Financial Institutions and Municipal Bonds
Kotak Liquid Fund An open ended liquid scheme
Kotak Low Duration Fund An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months
Kotak Medium Term Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years
Kotak Dynamic Bond Fund An open ended dynamic debt scheme investing across duration
Kotak Bond Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years
Kotak India Growth Fund Series 5
Multicap Fund - A 1099 days close ended equity scheme investing across large cap midcap and small cap stocks
Kotak India Growth Fund Series 4
Multicap Fund - A 36 months close ended equity scheme investing across large cap midcap and small cap stocks
Kotak Infrastructure amp Economic Reform Fund
An open ended equity scheme following Infrastructure amp Economic Reform theme
111
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 112
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 113
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 114
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 115
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 116
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector biasKotak India Growth Series 4
Kotak India Growth Series 5bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector bias
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 117
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 118
Kotak Liquid Fund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Thank You
Stay Safe Stay Healthy and Stay Invested
119
Global Economy
4
Global GDP Growth Set To Recover Sharply
5Note Based on MSCI ACWI countries Source Jefferies Factset IMF
US Federal Government Budget Deficit amp Borrowing Has Gone Up Significantly
6Source US Treasury Department yardenicom
(billion dollars)
Solid Breadth Of Companies Beating Earnings Estimates Across Regions
7Source Bloomberg Finance LP Deutsche Bank
Market Likely Driven By Excess Personal Savings
8
US Excess Personal Savings
Source BEA Haver Analytics Morgan Stanley Research forecasts as of Jan 25 2021
US Retail Investors Plan To Put A Significant Chunk Of Any Forthcoming Stimulus Into The Stock Market
9
Planned proportion of stimulus amount in stock market investment if received in 2021 ()
Source dbDIG Survey Deutsche Bank Asset Allocation
Surge In US Inflation Expectation Continues UnabatedNow at Its Highest Level In Over 8 Years
10Source Compoundadvisorscom
Commodity Prices Are Rising But Not Yet To Dramatic Levels of 2007-08
11Source Refinitiv
lndian Economy
12
Headlines In Feb 21
13
Source Business Today
Source Bloomberg Quint
Updated on Feb 09 2021 0701 PM IST
Headlines In Feb 21
14
Source Business Standard
Source Bloomberg Quint
Company Registration Jumps 21 in April ndash Decrsquo20
15Source MCA
Sharp growth was due to the progression of smaller firms and LLPs towards forming companies as growth picked up along with improved facilitation through digital services
Indiarsquos Debt To GDP VS Major Economies
16Source Economic Survey 2020-21
Indiarsquos Public Debt To GDP Has Been Significantly Low Compared To Other Countries
Governmentrsquos Reform Momentum To Bolster Potential Growth
17Source Elara Securities
18
V Shaped Recovery
Source HIS Markit Bloomberg Index reading above 50 signals growth Score is generated on the three-month weighted averages of the indicators against the past thirty months of historical data
Domestic and overseas demand hold up for Indian companies
Nomura India Business Resumption Index Is Almost At Pre-Pandemic Levels
19
The resurgence of COVID-19 could represent a downside risk
Source Google Apple CMIE Bloomberg and Nomura Global Economics
PLI Schemes Can Add 16 To FY27 GDP amp Encourage Domestic Industry
Source RAVE Credit Suisseestimates 20
Real Estate Should Support Economic Recovery
Source The BLOOMBERG PROFESSIONALTM service Credit Suisse estimates
Mortgage rates have fallen to record lowsAffordability levels at all-time high
Source SBI HDFC Jefferies 21
Budget Aims For Ambitious Infra Spending In FY22
22
Budget has laid ambitious target for FY22 spending Infrastructure capex allocation for FY22 is steep execution key
Source Budget Elara Securities Research
Risk
23
Covid 19 Isnrsquot Yet Over
24Source Times of India
Upside Risks To Inflation Remain
25
Source CEIC UBS
RBI Survey Indicates Confidence Still Lagging
26Source RBI
Unemployment is Down but Income
27
CMIE Series of Unemployment unemployment rate (UER) (gt=15)
Unemployment Rate 30 day moving average ()
Unemployment Rate01 Mar 2021
Source CMIEcom
Equity Markets
28
Sare Jahan Se Acha Hindustan Hamara
Source Axis Capital29
-240
-168
-79
-72
-56
-26
-18
39
266(USD bn)
12 MONTHS FPI FLO W (Feb20 to Feb21)
India
Brazil
Indonesia
Philippines
Malaysia
South Africa
Thailand
Taiwan
South Korea
Source Bloomberg Axis Capital As on 28th February 2021 Past Performance may or may not sustain in the future
Performance Across Market Cap
Performance as on 28th Feb 2021 Sectoral Performance CY20 YTD ()
66
113 122
297
386 418
115
58
(12)
156 151 130
105 122
92
(10)
0
10
20
30
40
50
Nifty-50 Nifty Midcap 100 NSE SmallCap 100
1m returns 1y returns 3 yr CAGR 5 yr CAGR 10 yr CAGR
14
12
4
17
11 11 11 11
8
65
0
-1
-5
-8
Sma
llcap
10
0
Mid
cap
100
NIF
TY
50
Me
tals
Rea
lty
Ban
k
Ener
gy
Au
to
Pri
vate
Ban
ks
Fin
anci
als
Secv
ice
s
IT S
erv
ice
s
Me
dia
FMC
G
Ph
arm
a
30
Bumper Results for Dec 20 Quarter
31
Source MOSL Research
193 Cos Actual Expected
Sales 0 -2
EBITDA 19 15
PBT 33 20
PAT 31 17
NIFTY 50 Cos Actual Expected
Sales -1 -2
EBITDA 15 10
PBT 23 9
PAT 22 7
Significant Profit Pool Expansion Seen In PSU Banks Cement Auto And Auto Ancillary And Metals
32
Source ICICI Securities Internal Analysis Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
Profit Growth By Sectors
Nifty Earnings Are Expected To Accelerate Sharply Over Next Two Years
33Source NSE Company data IIFL Research Note Based on IIFL estimates
236 285 310 333
372 402 404 386
418 414
483 457 508
685
796
(41)
207
89 74
117
81
05
(45)
83
(10)
167
(54)
111
349
163
(10)
(5)
0
5
10
15
20
25
30
35
40
0
100
200
300
400
500
600
700
800
900
FY0
9
FY1
0
FY1
1
FY1
2
FY1
3
FY1
4
FY1
5
FY1
6
FY1
7
FY1
8
FY1
9
FY2
0
FY2
1ii
FY2
2ii
FY2
3ii
Rs (LHS) YoY (RHS)
Nifty EPS
Valuation Wise ndash Neutral Weight Momentum Wise - Overweight
Neutral weight doesnt mean selling equity It means profitbooking on excess position
34
Market Cap-to-GDP Ratio ndash Above Long Term Average
Market cap-to-GDP ratio Market rebound brings ratio above long term average
OW Equities =Ratio Below Historical Lows Neutral Equities = Ratio at Historical Average
Source Motilal Oswal 35
52
82 83
103
55
95
88
71
64 66
81
69
7983
79
56
104
FY05
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19
FY20
FY21
E
Average of 75 for the period
Valuations Are At The Higher End Of Fair Value
NIFTY PE (x) - 1 Year Forward NIFTY PB (x) - 1 Year Forward
Source Motilal Oswal36
207
8
13
18
23
28
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 179x
31
15
23
30
38
45
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 27x
37
Valuations Above Long Term Average
Source FactSet Kotak Institutional Equities Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
1 Year Forward Sector PE Current 10y Average Premium(discount)
Automobiles 232 158 469Energy 158 110 431Cement 303 219 387
Consumer Discretionary 590 425 387Technology 236 177 331Industrials 250 201 246
Pharmaceuticals 243 222 94Consumers 348 318 94
Metals 93 103 -94Utilities 80 110 -276
Consumer ex ITC 507 394 285Automobiles ex Tata Motors 228 185 231Energy ex Reliance Industries 80 90 -117
1 Year Forward Sector PB Current 10y Average Premium(discount)
Pvt banks 28 25 126PSU banks 10 11 -61
Earnings Are Increasing
38Source Bloomberg
QuarterReported PAT for NSE 500
Rs in CroreAnnualised PAT on Dec 20
Dec 19 122235
Mar 20 53406
June 20 32400
Sept 20 176786 707144
Dec 20 209795 839180
TTM 472387
Market Cap (280221) 18850128
PE Ratio 399 225
Highest Ever Quarterly Profit by India Inc
Valuations Are Not As Perceived
39
Company
PE
FY20Q1FY21
(Annualised)Q2FY21
(Annualised)Q3FY21 (Annualised) FY22E
Shree Cement 634 648 439 383 358
Ultra tech Cement 488 484 375 292 321
Mindtree 397 311 261 203 191
Asian Paints 814 2567 663 447 613
Persistent Systems 378 357 315 265 239
Hero Motocorp 190 2782 181 159 183
Bajaj Auto 223 537 249 182 202
Source Company data Kotak estimates Stocks mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of aninvestment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
The data for FY20 Q1Q2Q3 are actuals (annualised in the quarters) while FY22 is estimates
High Nifty Valuations Conceals the bargain opportunities in select Quality stocks
40Source ICICI Securities Internal Analysis
Adjusted PE Shows The True Valuation
Time To Be Neutral Weight To Equities
Marginally OW Small and Midcap
Marginally UW Large cap
Neutral Weight Equity
41
SIP has performed well
42
Patience Pays Off in SIPKotak Emerging Equity Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty Midcap 100 TRI is the benchmark for Kotak Emerging Equity FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund
43
Kotak Emerging Equity Fund Feb-19 Feb-20 Feb-21
10 Yr 1630 1567 1943
7 Yr 1636 1506 1745
5 yr 1024 889 1807
3 yr 324 526 2647
1 yr -984 1316 9422
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1239 991 1480
7 Yr 1212 867 1370
5 yr 736 317 1440
3 yr 079 -333 2237
1 yr -1572 -097 9753
Patience Pays Off in SIPKotak Tax Saver Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 500 TRI is the benchmark for Kotak Tax Saver FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculatingreturn on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting fromthe beginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer todisclaimer slides for scheme information and detailed performance of the fund
44
Kotak Tax Saver Fund Feb-19 Feb-20 Feb-21
10 Yr 1192 1159 1450
7 Yr 1227 1163 1406
5 yr 924 846 1511
3 yr 631 574 2027
1 yr -093 480 6660
Nifty 500 TRI Feb-19 Feb-20 Feb-21
10 Yr 1138 992 1387
7 Yr 1163 916 1367
5 yr 903 658 1525
3 yr 732 201 1992
1 yr -456 -397 7206
Patience Pays Off in SIPKotak Equity Opportunities Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021Returns are for regular plan Nifty 200 TRI is the benchmark for Kotak Equity Opportunities FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund 45
Kotak Equity Opportunities Fund Feb-19 Feb-20 Feb-21
10 Yr 1277 1242 1526
7 Yr 1281 1192 1443
5 yr 923 885 1540
3 yr 576 582 2067
1 yr -313 720 6502
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1140 992 1368
7 Yr 1165 915 1351
5 yr 931 686 1514
3 yr 822 256 1931
1 yr -274 -478 6874
46
Patience Pays Off in SIPKotak Bluechip Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 50 TRI is the benchmark for Kotak Bluechip FundDisclaimer SIP is an optional feature offered by Kotak Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mutual Past performance may or maynot be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating return on investmentsgiven an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from the beginning of thesubsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides forscheme information and detailed performance of the fund
Kotak Bluechip Fund Feb-19 Feb-20 Feb-21
10 Yr 1078 1016 1354
7 Yr 1064 940 1319
5 yr 758 678 1479
3 yr 539 435 2006
1 yr -282 108 6528
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1108 979 1341
7 Yr 1130 918 1364
5 yr 958 772 1570
3 yr 989 429 1947
1 yr 112 -515 6633
47
Equity Investment Opportunity
48
Kotak Pioneer Fund
India Basketbull Approx 80 of portfolio invested in 35 businesses
in India
bull Digital ecosystems
bull China + strategy for manufacturing
bull Consumer discretionary
bull Healthcare
bull Chemicals
bull Fintech
bull Materials
bull Investing in a global fund with a similar pioneering theme ndash CI SignatureTechnology Fund
bull Much more than FANGM (Facebook Amazon Netflix Google Microsoft)
bull FANGM investment less than 5 of CI Signature Technology Fund as on Jan2021
bull Investments in decentralized finance payments ecommercesemiconductor urban transport social media etc
bull The international diversification ndash hedge against the domestic businesscycle and potential of INR depreciation against the USD over the mediumterm
Companies that use technology through process for enduring competitive advantage
International Diversification
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
1 YearSince
Inception(31102019)
Kotak Pioneer Fund - Regular Plan 5550 3678
Benchmark 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI 4230 2467
Nifty 50 TRI 3137 1752
Less than equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
49
Kotak Small Cap Fund
bull Kotak Small Cap Fund Identifies the hidden growth potential of small cap sized companies
bull The essence is to spot them young and watch them grow
bull Kotak Small Cap Fund focus on investing in quality businesses with strong competitive edge run by great management generating high return on capital amp offering sustainable growth with high market potential and available at reasonable valuations
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Scheme Name 1 Year 3 Year 5 Year 7 Year 10 year
Kotak Small Cap Fund - Reg - Growth 5207 1309 2037 2233 1777
Nifty Smallcap 100 TRI 4344 -017 1412 1488 1045
Healthy growth in Revenue EBITDA and PAT in investee companies in the aftermath of COVID 19 ( Q3FY21)
Sales Growth YoY EBITDA Growth YoY PAT Growth YoY
Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21
Kotak Small Cap Fund -243 53 167 173 262 312 -163 311 338
Kotak Asset Allocator Fund ndash An Effective Asset Allocation Medium To Ride The Market
PeriodKotak Asset Allocator
Fund - GrowthNIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1578 1221 1722
Last 5 Year 1464 1355 1729
Last 3 Years 1462 1199 1288
Last 1 Years 2928 2142 3137
Past performance may or may not be sustained in the future Inception date is as of Aug 09 2004
Mutual Fund investments are subject to market risks read all scheme related documentscarefullySource ICRA As on 28th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Return Profile
bull Higher Flexibility of allocation (0-100 in Equities)bull Current equity allocation is 37
50
51
Debt Investors With Marginal Appetite For Equity Can Consider Investment In Kotak Debt Hybrid Fund
bull Fixed income component at ~75 amp above This keeps the volatility low amp relatively marginal level
bull Equity exposure at 25 or less allows the investor to obtain the flavor of equity play without significant risk to capital
bull SWP can be utilized to meet ldquotax efficientrdquo income requirements of the investor
Source ICRA As on 26th Feb 2021 Industry data is from AMFI and Kotak Debt Hybrid data is from CAMS Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Please consult your tax advisor for further details
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Benchmark Crisil Hybrid 85+15 ndash ConservativeIndex
Net Aum flows in Rs Crs over last 12 months()
As on 31st Jan 2021
885
-15540 -14655
Kotak Debt Hybrid Others Total
Time HorizonKotak Debt Hybrid
Fund Nifty 50 TRI Benchmark
1 Year 1502 3137 1166
2 Years 1329 1742 1206
3 Years 923 1288 1010
5 Years 1046 1729 1030
52
Shift Money To Alpha Generating Large Caps
7 Years 5 Years 3 Years 1 Year
Kotak Bluechip Fund ndash Direct Plan 1655 1694 1272 2655
Nifty 50 TRI 1423 1712 1254 2583
bull Kotak Bluechip Fund is flexible in its large cap themes rather than being rigid in different market scenarios
bull It continues to focus on businesses with favourable supply side dynamics
bull Also focuses on capital efficiency with a reasonable track-record of capitalizing on various opportunities
bull There are broadly 4 sub-themes that fund captures now namely Financial Savings Moving from Lockdown to Unlock Consumer Demand amp Global Business
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than 1 year Absolute returns Greater than 1 year Compound Annualized returnsPast performance may or may not be sustained in the future Direct Growth option Inception Date is 1st Jan 2013 (Regular Plan Dividend Option InceptionDate Dec 29 1998)
Should We Invest In Gold
53
Gold
bull We have highlighted risk of import duty being reduced to our gold call
bull The same has played out in this budget as import duty rationalised from 125 to 10 ( 75 Import Duty Plus Agriculture Cess )
bull If the import duty is reduced further to that extent there will be a drop in Rupee Gold prices instantly
bull Subject to that volatility we remain bullish Gold on a longer term basis
bull Gold has corrected in recent times for accumulation
Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before
acting on any information in this communication54
Active VS Passive Funds in Alpha Generation
55
56
Index Funds Underperforms Index
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documentscarefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance ampscheme information of the fund
Fund Category 1 Year 3 Year 5 Year
SampP BSE Sensex TRI 2990 1420 1790
Category Average 2866 1328 1684
Alpha-124 -092 -106
Fund Category 1 Year 3 Year 5 Year
Nifty 50 TRI3130 1290 1730
Category Average 3019 1193 1606
Alpha-111 -097 -124
Less than 1 year Absolute returns Greater than 1 year CAGR
Active Funds Can Give Alpha
bull Active funds canrsquot take more than 10instocks
bull Fund has to keep Cash to meetredemptions
bull Index changes stocks at the closing price with no impact cost
bull Globally Total Return Index is compared with funds gross return ie expenses are added back to performance In India TRI is compared with net return of the fund
bull In Insurance for eg they comparegross return with PRI In MF wecompare TRI with net return
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
57
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years()
Kotak Infrastructure amp Economic Reform Fund - Dir - Growth
3092 538 157 1841
India Infrastructure Index (Customised Index by IISL)
3064 243 1089 895
Alpha 028 295 481 946
Kotak Small Cap Fund - Dir - Growth 5427 1462 2281 2399
Nifty Smallcap 100 TRI 4344 -017 1512 1488
Alpha 1083 1479 769 911
Kotak Emerging Equity Fund - Dir - Growth 3842 1345 2235 2493
Nifty Midcap 100 TRI 3985 679 1739 1814
Alpha -143 666 496 679
Kotak Flexicap Fund - Dir - Growth 2614 1192 1969 1905
Nifty 200 TRI 3214 1135 1826 1498
Alpha -60 057 143 407
Kotak Equity Opportunities Fund - Dir -Growth
2915 1284 2035 1869
Nifty 200 TRI 3214 1135 1826 1498
Alpha -299 149 209 371
Kotak Tax Saver Fund - Dir - Growth 2841 1353 1996 1889
Nifty 500 TRI 3337 1086 1836 1539
Alpha -496 267 16 35
Less than 1 year Absolute returns Greater than 1 year CAGR
58
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years
Kotak India EQ Contra Fund - Dir - Growth 3288 1444 2107 1711
Nifty 100 TRI 311 1191 1826 1468
Alpha 178 253 281 243
Kotak Bluechip Fund - Dir - Growth 315 1307 1812 1644
Nifty 50 TRI 3127 1288 1837 1414
Alpha 023 019 -025 23
Kotak India Growth Fund - Series IV - Dir - Growth 6903 1602 - -
Nifty 200 TRI 3214 1135 - -
Alpha 3689 467 - -
Kotak Pioneer Fund - Dir - Growth 5808 - - -
85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI
423 - - -
Alpha 1578 - - -
Kotak India Growth Fund - Series V - Dir - Growth 4674 - - -
Nifty 200 TRI 3214 - - -
Alpha 146 - - -
Active Funds Can Give Alpha
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
Less than 1 year Absolute returns Greater than 1 year CAGR
Our Funds Have Bounced From The Bottom
Source MFI Explorer As on 26th February 2021 Past performance may or may not sustain in the future Please consult your financial advisor orother professionals before acting on any information in thiscommunication Please refer to the disclaimer slides for scheme information
59
554
791840 853 855 864 906
9551001
12281308
Kotak BalancedAdvantage
Fund
Kotak EquityHybrid Fund
Kotak FlexicapFund
Kotak Tax SaverFund
Kotak EquityOpportunities
Fund
Kotak FocusedEquity Fund
Kotak BluechipFund
Kotak India EQContra Fund
Kotak EmergingEquity Fund
Kotak PioneerFund
Kotak SmallCap Fund
change in NAV of our funds when Nifty 50 was ~7610 (From 23rd Mar 2020 till 26th Feb 2021)
Regular growth Plans performance
Debt Market Outlook
March 2021
60
61
Source Bloomberg
Liquidity is Here To StayMarket may have misread RBI Signal
-9000
-8000
-7000
-6000
-5000
-4000
-3000
-2000
-1000
0
1000
5
55
6
65
7
75
Jun
-19
Jul-
19
Au
g-1
9
Sep
-19
Oct
-19
No
v-1
9
Dec
-19
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
India 10-Year Bond Yield (LHS)
India Banking System Liquidity (RHS)
INR Bn
bull Overnight rates will remain anchored at Reverse Repo rates longer than what market is pricing in bull RBI aims to normalize CRR in the near-term The CRR normalisation opens up space for a variety of market operations to inject
additional liquidity which may induce curve flattening
62
Fear of Liquidity Withdrawal Spooked The Mid-To-Long End (~2-7years) of The Curve
bull Yield Curve is now pricing in more negatives ndash liquidity tightening rate hikes etc
bull Yields have moved up across the curve especially mid to long end of the yield curve
Source Bloomberg
3
4
5
6
7
8
3M 6M 1Y 2Y 3Y 4Y 5Y 6Y 7Y 8Y 10Y 11Y 12Y 13Y 14Y 15Y 23Y 30Y 40Y
India Sovereign Curve ()
01-Mar-21 31-Dec-20 30-Jun-20
Opportunity of value creation exists in the longer end of the curve
The current yield curve is too steep enhancing the case to chase the carry in fixed income as opposed to capital gains
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
FII Activity in Debt Market
Source Axis Capital
USD Mn
63
(1494)
381
(8680)
(1434)
(2695)
402
(534)(142)
471 520 191 1080
(740) (391)
(10500)
(9000)
(7500)
(6000)
(4500)
(3000)
(1500)
0
1500
3000
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
Source MOSPI ICRASource Bloomberg RBI Internal Research Morgan Stanley Research
406
530
00
10
20
30
40
50
60
70
80
Mar
-15
May
-15
Jul-
15
Sep
-15
No
v-1
5
Jan
-16
Mar
-16
May
-16
Jul-
16
Sep
-16
No
v-1
6
Jan
-17
Mar
-17
May
-17
Jul-
17
Sep
-17
No
v-1
7
Jan
-18
Mar
-18
May
-18
Jul-
18
Sep
-18
No
v-1
8
Jan
-19
Mar
-19
May
-19
Jul-
19
Sep
-19
No
v-1
9
Jan
-20
Mar
-20
May
-20
Jul-
20
Sep
-20
No
v-2
0
Jan
-21
CPI Core CPI
Headline Inflation To Remain Range-bound Though Marginally Above The 4 Mark In The Near Term
bull We expect a prolonged pause from the MPC in FY22 and an accommodative stance until late FY22 at least
CPI is still likely to be above the medium-term target of 4 for most of H1-FY22 further rate cuts appear unlikely unless the economic environment worsens significantly
64
65
RBI Remains Committed on OMOOperation Twist To Fund Govt Borrowing
FY 21 (RE) FY 22 (BE)
Gross Market Borrowing 1279788 1205708
Source indiabudgetgovin Internal Estimates BE is Budgetary estimates RE is revised Estimates
(in Rs Crores)
INR 75000 cr OMOOperation Twist already done post budget borrowing announcement
Source CNBC
SDL Spreads Close To Peak Levels Attractive in Terms of Valuation
10yr Central Govt Gilt Yields vs 10yr SDL Yields
Source RBI Jefferies66
Current Spreads Look Attractive For Long Term Investors
Source Bloomberg Citi Research
Spread between 10year Gilt and 1year Gilt Yield MPCrsquos Focus on Term Premia Is Likely To Prevent Imminent Sharp Rise In Bond Yields
Incremental Spreads in 10 Year provides a good cushion to shocks
67
211
0
50
100
150
200
250
300
Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21
Case For Carry Corporate Bond Spreads Show Attractive Valuation Opportunity
Source Bloomberg Jefferies
Corporate AAA Bond Yield ()
68
444
558
3
35
4
45
5
55
6
65
7
75
Mar
-hellip
Ap
r-2
0
May
-hellip
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
1 Year AAA Corporate Bond
3 Year AAA Corporate Bond
450
500
550
600
650
700
750
800
850
1Y 2Y 3Y 4Y 5Y 7Y 10Y
01-Mar-21 29-Jan-21 31-Dec-19
India Corporate Bond Curve
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
69
Market Is Pricing In More Negative News
NABARD Yield Incremental Yield
adjusted for holding period
Protection for Rise in 10 yrNabard (bps)
Breakeven level10 yr Nabard
A 1 yr 425 After 1 yr
10 yr 715 29 051 766
B 2 yr 505 After 2 yr
10 yr 715 21+21=42 084 799
C 3 yr 56 After 3 yr
10 yr 715 155+155+155=455 103 818
Assuming investment HTM in short bonds for respective holding periods Adjusted is incremental yield for 2 yrmultiplied by 2 and 3 yr by 3
Source Internal Analysis The above illustration is not an indication of our portfolio
Debt Outlook
70
bull Liquidity is here to stay much longer than what market is fearing
bull Overnight rates are expected to gradually trend higher as normalisation of rates take place over the course of next 1 year
bull Fear of Liquidity withdrawal has led to sharp spike in OIS- swap yields in 1 yr at 392 and 2 yr at 435 this effectively means forward curve is pricing in almost 3 rate hikes of 25 bp each in Repo rate for the seller of the 2 yr swap to break even In our opinion is too soon and more than what the fundamental situation can justify purely based on inflation outlook
bull Inspite of the recent spike in crude oil prices average headline inflation for FY 22 is in the band of 5-525
bull With comfort on inflation reduction in gold imports stable to appreciating INR (High Fx reserves)We believe RBI will maintain a status quo along with its accommodative stance as there is no big urgency to rush for rate hikes
bull RBI while not giving OMO calendar is actually done decent amount of OMO till now and remain committed for more As the System isflush with liquidity and FX flows coming RBI is constrained to conduct aggressive OMO and add liquidity As the CRR cut reversal announced earlier will take out about 16 lac cr worth liquidity will increase the ability of the RBI to conduct outright OMO vs OT which will be more positive the long bonds
bull For investors it is best to stick to intended investment horizons as volatility would continue to be order of the day
bull Duration investors with appetite for volatility can look to invest in the Gilt Bond and Dynamic Bond Funds space
bull Investors looking for relatively higher YTM can consider Floating rate Fund Medium-Term Fund and Credit Risk Fund segment
bull Investors should stay invested across fixed income strategies ndash as ldquocarryrdquo assumes significance over ldquocapital gainsrdquo
Debt Investment Opportunity
71
Debt Funds Have Generated Good Returns For The Patient Investors
Source MFi Explorer Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to disclaimer slides for detailed performance and scheme information of the funds 72
Fund Name 3 Year Returns of Fund () (CAGR)
Kotak Gilt Fund 980
Kotak Dynamic Bond Fund 921
Kotak Banking and PSU Debt Fund 894
Kotak Bond Fund 879
Kotak Corporate Bond Fund 838
Kotak Bond Short Term Fund 815
Kotak Credit Risk Fund 702
Kotak Medium Term Fund 650
73
Kotak Dynamic Bond Fund Has Outperformed Over Long-Term Since 2018
928
600
650
700
750
800
850
900
950
1000
1050
Feb
-18
Ap
r-1
8
May
-18
Jul-
18
Au
g-1
8
Sep
-18
No
v-1
8
Dec
-18
Jan
-19
Mar
-19
Ap
r-1
9
Jun
-19
Jul-
19
Au
g-1
9
Oct
-19
No
v-1
9
Jan
-20
Feb
-20
Mar
-20
May
-20
Jun
-20
Jul-
20
Sep
-20
Oct
-20
Dec
-20
Jan
-21
Feb
-21
Rolling Returns()
Kotak Dynamic Bond Fund - Reg - Growth NIFTY Composite Debt Index
915
Credit funds carry credit risk and duration dynamic funds carry interest rate risk
Hence our advice to IFA distributors is that they allocate clients money in both dynamic and accrual funds from a 3 year perspective
Source ICRA As on 26th February 2021 The above returns is daily rolling returns for last 36months Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please refer to the disclaimer slides for detailed performance of the fund
Kotak Medium Term Fund
Fund YTM (As on 26 Feb 2021) Respective Segment YieldsIncremental Earnings
(Spread)
Kotak Medium Term Fund 699 3 Year AA 574 125
Source Bloomberg Data as on 26-Feb-2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for performance details amp scheme information
Mutual fund investment are subject to market risks read all scheme related documents carefully
26-Feb-2021 Average Maturity (Years) Modified Duration (Years) Macaulay Duration (Years)
378 263 281
bull Duration of the fund has come down as we expect normalisation of rates to take place over the course of next 1 year We see merit in running lower duration in Medium Term Fund
bull We believe Kotak Medium Term fund is a reasonably attractive investment option for investors with minimum 1 year investment horizon
74
Attractive Yields Across The Segment
Source Bloomberg Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for scheme details
Mutual fund investment are subject to market risks read all scheme related documents carefully 75
458
699 699
389
638 638
0
1
2
3
4
5
6
7
8
Kotak Low Duration Fund Kotak Credit Risk Fund Kotak Medium Term Fund
YTM () (As on 26 Feb 21) Respective Segment Yields ()
1 Year OIS
3 Year AA
3 Year AA
Incremental Spread 069
Incremental Spread 061
Incremental Spread 061
Distributor Engagement
76
Prostart ndash Video Learning Platform
1FINANCIAL PLANNING (10 VIDEOS)
2SOCIAL MEDIA MARKETING (14 VIDEOS)
3UNDERSTANDING RISK IN MFrsquoS (5 VIDEOS)
4TAXATION IN MFrsquoS (2 VIDEOS)
5NEW NORMAL (1 VIDEOS)
6MAXIMIZING DIGITAL CONNECTIONS (2 VIDEOS)
7HANDLING INVESTOR EMOTIONS (4 VIDEOS)
8ACQUIRING NEW CLIENTS (3 VIDEOS)
9THE NEXT WAVE (3 VIDEOS)
77
Over 25000 Participants
have viewed these Videos (Till Feb 2021)
Testimonials
ldquoGood Initiative developed by Kotak MF to enhance knowledge amp practical approach for MFDsrdquo -Md Qaise Ghazali
ldquoVery Knowledgeable Thank You Kotak MF Teamrdquo ndashVikas Jain
10DEBT DEMYSTIFIED (12 VIDEOS)
78
Business Dashboard
Transaction History
Distributor Initiated Transaction
Capital Gain and Account Statement
Prostart
Business Hub
More than 13574 IFArsquos are actively using Business Hub
Dont miss out on the benefits of Business Hub
Co-branding Marketing Material
Business opportunities
Stay Updated Follow us at Kotak Mutual Fund Click here to visit our YouTube Channel
How To Boost Business Using Business Hub
Product Video ndash Now Available In Different Languages
Kotak Bluechip Fund
Debt Market Outlook ndash March 2021
Kotak NASDAQ-100 FOF
How to make money through equity asset allocation (English)
Equity Market Outlook ndash March 2021
HindiGujaratiMarathiTeluguKannadaTamilMalayalamBengali
English ndash Mr Arjun Khanna amp Ms Lakshmi Iyer amp Mr Harsha Upadhyaya
Hindi - Mr Arjun Khanna
79
80
Please Follow Like And Share Kotak Mutual Fundrsquos Official Social Media Pages For Regular Updates
Twitter - KotakMF - httpstwittercomKotakMF
Facebook - KotakMF - httpsfacebookcomKotakMF
YouTube - Kotak Mutual Fund - httpswwwyoutubecomcKotakMutualFundOfficial
Instagram - Kotak Mutual Fund - httpsinstagramcomkotakmfigshid=kr86qg3u973n
LinkedIn - Kotak Mutual Fund - httpswwwlinkedincomcompanykotak-mutual-fund
ANNEXURES
81
Kotak MF Mantra lsquoReturn of Capitalrsquo is more important
Strong Promoters Cashflow backed business Liquidity and Asset Security are key to our investment ideas
82
Rating amp Category Breakup Across Kotak MF Open-Ended Debt Funds
Data As on 26 Feb 2021
We follow our investment process of focussing on credit quality and liquidity profile of our debt funds and maintain high degree of transparency for investors
Please consult your financial advisor or other professionals before acting on any information in this communication
It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Mutual fund investments are subject to market risks read all scheme related documents carefully
Feb-21 April-20
Credit Rating of Open-Ended Debt Funds of Total AUM of Total AUM
TbillG-SecSDLAAAA1+Cash 9393 9281
AA+ 228 165
AA 248 290
AA- 087 142
Below AA- 043 122
Grand Total (AUM) (INR Cr) 11895880 78624
The above rating allocation does not include NCA (Net Current Assets)
83
bull At Kotak MF we have zero borrowing across all our funds as on 26 Feb 2021
Mutual fund investments are subject to market risks read all scheme related documents carefully
Liquidity Position Of Kotak MF Debt Funds As said earlier our incremental allocation has gone into higher quality assets
Name of the Fund Fund Category of AUM in AAA (Long Term) or
A1+ (Short Term) Sovereign Debt Cash amp NCA (Dec 2020)
of AUM in AAA (Long Term) or A1+ (Short Term) Sovereign Debt
Cash amp NCA (Apr 2020)
Non-Credit Strategies
Kotak Liquid Fund Liquid 100 100
Kotak Money Market Fund Money Market 100 100
Kotak Corporate Bond Fund Corporate Bond 100 100
Kotak Bond Short Term Fund Short Duration 100 100
Kotak Bond Fund Medium to Long Duration 96 86
Kotak Dynamic Bond Fund Dynamic Bond 92 85
Kotak Savings Fund Ultra Short Duration 91 87
Kotak Banking and PSU Debt Fund
Banking and PSU 88 79
Kotak Low Duration Fund Low Duration 85 52
Credit Strategies
Kotak Medium Term Fund Medium Duration 63 50
Kotak Credit Risk Fund Credit Risk 36 27
As on 26 Feb 2021It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Please refer to the disclaimer slides for scheme details
The above rating allocation includes NCA (Net Current Assets)
84
Key Variables amp Their Impact On Interest Rates
Key VariablesShort Term
(3-6mo)Medium Term
(6mo-2yrs)Remarks ndash( Denotes fall in Interest Rates )
InflationHeadline CPI is expected to be in the range of 4-5 for the year Despite expansion of the fiscal deficit the quality ofspending appears to be non inflationary Inflation is unlikely to be area of problem in the year
Rupee
INR has been quite strong since last 3m curtsey strong FDI and FPI flows in equity Lat 1 yr also its marginallydepreciated We have FX reserves closes to 600 bn and given CAD and TD under control INR is expected to remain wellbid We believe in the absence of any geo political event INR is expected to be stable and shall appreciate as economicgrowth stabilizes RBI is keeping INR competitive on REER basis
Credit DemandGradually economy is opening up and Credit growth is expected to pickup as unlocking activity resumes and gains momentum post vaccination in phases However situation is fragile and this may accentuate the situation further However easy rates may help some demand pickup Till then credit growth will not impact rates negatively
Government Borrowing
Union budget has shocked the market by giving 80 extra borrowing for the current year in dated securities Next year also borrowing is on heavier side However we believe the govt RBI may have some credible plan to conduct the borrowing smoothly As the budget is non inflationary and otherwise also inflation is under control there is no reason for govt to give so high real rates hence we believe the RBI will pull some demand leveres such as index inclusion or OMO Will have to wait for MPC
RBI PolicyRbi has shown commitment in the past and there is no reason for taking the rates higher hence we believe RBI is expected to come up with some credible plan If they leave it to the market then we are headed for a tough time
Global Event RiskThe News of a Vaccine has triggered a risk-on event and lead to a sharp rally in risk asset and bonds were sold offHowever yields will look for growth which may not come in a hurry On the other hand the risk of a geopolitical eventis always open
Corporate bond SpreadWhile some green shoots seen but on an over all basis the economy is still struggling Short term spreads have seendecent compression unlikely to compress further meaningfully Long terms bonds still offer attractive spreads but likelyjust a carry trade
Debt FII flowWe have seen some traction coming in near term with revival of flows from the FPI in debt However its seems real flows will only be seen with index inclusion
Liquidity
Despite very high liquidity more than 1 yr yield is moving higher as the fear is RBI will remove accommodation sooner than later However we believe large part of the move is done 2-10 yr curve
85
Key Variables amp Their Impact On Equities
Key VariablesShort -term
Medium ndashterm
Remarks
EconomyWhile Covid-19 impacts economy there is likely to be sequential improvement as Indian economy unlocks
Corporate EarningsWhile Covid-19 impacts corporate India there is likely to be sequential improvement as Indian economy unlocks
FII FlowIndia stands out among global asset classes with prospects of strong long term growth given favorable demographics
DII Flow Long runaway of growth in financialization of savings
Supply of paperHigher disinvestment target and repair of leveraged balance sheet to create supply in markets
PolicyReform Initiative Expect improved reform momentum
Signify Growth 86
Disclaimers amp Disclosures
87
The information contained in this (document) is extracted from different public sources All reasonable care has been taken to ensure that the information contained hereinis 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 KotakMahindra Asset Management Co Ltd or any associated companies or any employee thereofWe are not soliciting any action based on this material and is for generalinformation only Investors should consult their financial advisors if in doubt about whether the product is suitable for them before investing
These materials are not intended for distribution to or use by any person in any jurisdiction where such distribution would be contrary to local law or regulation Thedistribution of this document in certain jurisdictions may be restricted or totally prohibited and accordingly persons who come into possession of this document arerequired to inform themselves about and to observe any such restrictions
Mutual Fund investments are subject to market risks read all scheme related documents carefully
Disclaimers amp Risk Factors
88
Scheme Inception date is 26052008 Mr Deepak Agrawal has been managing the fund since 25112012 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Dynamic Bond Fund As on 26 Feb 2021
Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Banking amp PSU Debt Fund As on 26 Feb 2021
89
Dec 29 1998Kotak Banking and PSU
Debt Fund - GrowthCRISIL Banking and PSU
Debt Index ALPHA CRISIL 1 Year Tbill
Kotak Banking and PSU Debt Fund - Growth
CRISIL Banking and PSU Debt Index
CRISIL 1 Year TBill
Since Inception 753 NA NA 662 50043 NA 41450
Last 1 Year 744 632 112 547 10742 10630 10546
Last 3 Years 894 868 026 665 12926 12834 12127
Last 5 Years 846 854 -008 656 15006 15064 13739
May 26 2008Kotak Dynamic Bond
Fund - GrowthNIFTY Composite Debt
Index ALPHA CRISIL 1 Year TBill
Kotak Dynamic Bond Fund - Growth
NIFTY Composite Debt Index
CRISIL 1 Year TBill
Since Inception 860 846 014 648 28659 28180 22287
Last 1 Year 685 790 -105 547 10683 10788 10546
Last 3 Years 921 934 -013 665 13022 13068 12127
Last 5 Years 912 868 044 656 15470 15161 13739
Scheme Inception date is 06032008 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Low Duration Fund As on 26 Feb 2021
Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Fund As on 26 Feb 2021
90
Mar 06 2008Kotak Low Duration
Fund - GrowthNIFTY Low Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Low Duration Fund - Growth
NIFTY Low Duration Debt Index
CRISIL 1 Year TBill
Since Inception 769 827 -058 648 26178 28053 22605
Last 1 Year 669 594 075 547 10667 10592 10546
Last 3 Years 760 723 037 665 12455 12326 12127
Last 5 Years 774 735 039 656 14514 14256 13739
Nov 25 1999Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
ALPHA CRISIL 10 Year Gilt Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 878 NA NA NA 59893 NA NA
Last 1 Year 672 765 -093 493 10670 10763 10492
Last 3 Years 879 912 -033 894 12872 12990 12927
Last 5 Years 800 859 -058 734 14692 15093 14246
Scheme Inception date is 02052002 Mr Deepak Agrawal has been managing the fund since 11072007 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Short Term Fund on 26 Feb 2021
Scheme Inception date is 21092007 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Corporate Bond Fund on 26 Feb 2021
91
May 02 2002Kotak Bond Short Term
Fund - GrowthNIFTY Short Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Bond Short Term Fund - Growth
NIFTY Short Duration Debt Index
CRISIL 1 Year TBill
Since Inception 772 793 -021 607 40606 42094 30324
Last 1 Year 720 797 -077 547 10718 10794 10546
Last 3 Years 815 828 -013 665 12648 12692 12127
Last 5 Years 785 808 -024 656 14585 14746 13739
Sep 21 2007Kotak Corporate Bond
Fund - GrowthCRISIL Corporate Bond
Composite Index ALPHA CRISIL 1 Year TBill
Kotak Corporate Bond Fund - Growth
CRISIL Corporate Bond Composite Index
CRISIL 1 Year TBill
Since Inception 818 939 -120 645 28790 33407 23163
Last 1 Year 741 793 -052 547 10739 10791 10546
Last 3 Years 838 894 -057 665 12726 12927 12127
Last 5 Years 830 885 -055 656 14898 15277 13739
Scheme Inception date is 11052010 Mr Deepak Agrawal has been managing the fund since 12042010 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Credit Risk Fund As on 26 Feb 2021
Scheme Inception date is 21032014 Mr Deepak Agrawal has been managing the fund since 22062015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Medium Term Fund As on 26 Feb 2021
92
May 11 2010Kotak Credit Risk Fund -
GrowthNIFTY Credit Risk Bond
Index ALPHA CRISIL 1 Year TBill
Kotak Credit Risk Fund -Growth
NIFTY Credit Risk Bond Index
CRISIL 1 Year TBill
Since Inception 808 930 -121 671 23159 26128 20167
Last 1 Year 455 987 -532 547 10453 10984 10546
Last 3 Years 702 900 -198 665 12253 12946 12127
Last 5 Years 755 900 -145 656 14384 15380 13739
Mar 21 2014Kotak Medium Term
Fund - GrowthNIFTY Medium Duration
Debt Index ALPHA CRISIL 10 Year Gilt
Kotak Medium Term Fund - Growth
NIFTY Medium Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 812 900 -088 826 17192 18192 17350
Last 1 Year 456 873 -417 493 10455 10871 10492
Last 3 Years 650 902 -252 894 12078 12954 12927
Last 5 Years 730 863 -133 734 14218 15121 14246
Kotak Balanced Advantage Fund Performance as on 26 Feb 2021
Scheme Inception date is 03082018 Mr Harish Krishnan Mr Abhishek Bisen have been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the periodhave been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point(PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark Alpha is difference ofscheme return with benchmark return
Kotak Debt Hybrid Fund Performance as on 26 Feb 2021
Scheme Inception date is 02122003 Mr Abhishek Bisen has been managing the fund since 01042008 Mr Devender Singhal has been managing the fund since 25082015Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (CompoundedAnnualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of SchemeBenchmark Name of Additional BenchmarkThe performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark returnTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant(PRI)The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using compositeCAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return 93
Aug 03 2018Kotak Balanced
Advantage Fund -Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA Nifty 50 TRI
Kotak Balanced Advantage Fund -
Growth
NIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1092 1167 -075 1130 13052 13281 13166
Last 1 Year 1849 2142 -292 3137 11844 12135 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Dec 02 2003Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
ALPHA CRISIL 10 Year Gilt Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
CRISIL 10 Year Gilt
Since Inception 809 855 -045 582 38280 41141 26537
Last 1 Year 1502 1166 336 493 11497 11162 10492
Last 3 Years 923 1010 -086 894 13030 13341 12927
Last 5 Years 1046 1030 017 734 16443 16319 14246
Kotak Asset Allocator Fund as on 26 Feb 2021
Scheme Inception date is 09082004 Mr Devender Singhal amp Mr Arjun Khanna has been managing the fund since 09052019 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using composite CAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return
Scheme Inception date is 29121998 Mr Abhishek Bisen has been managing the fund since 15042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Gilt Fund As on 26 Feb 2021
94
Aug 09 2004Kotak Asset Allocator
Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA SampP BSE SENSEX TRI
Kotak Asset Allocator Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index SampP BSE SENSEX TRI
Since Inception 1578 1221 357 1579 113266 67426 113398
Last 1 Year 2928 2142 786 3000 12919 12135 12990
Last 3 Years 1462 1199 262 1422 15051 14043 14894
Last 5 Years 1464 1355 109 1789 19793 18868 22764
Dec 29 1998Kotak Gilt Fund -
GrowthNIFTY All Duration G-Sec
Index ALPHA CRISIL 10 Year Gilt
Kotak Gilt Fund -Growth
NIFTY All Duration G-Sec Index
CRISIL 10 Year Gilt
Since Inception 951 NA NA NA 74952 NA NA
Last 1 Year 768 641 128 493 10766 10639 10492
Last 3 Years 980 1001 -021 894 13234 13311 12927
Last 5 Years 892 848 044 734 15325 15020 14246
Kotak Pioneer Fund as on 26 Feb 2021
Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Different plans have different expense structure The performance details provided herein are of regular plan 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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
95
Oct 31 2019Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
ALPHA Nifty 50 TRI Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
Nifty 50 TRI
Since Inception 3678 2467 1211 1752 15149 13397 12386
Last 1 Year 5550 4230 1320 3137 15531 14216 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Feb 25 2008Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
ALPHA Nifty 50 TRI
Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
Nifty 50 TRI
Since Inception 719 133 586 951 24675 11876 32619
Last 1 Year 2940 3064 -124 3137 12931 13054 13127
Last 3 Years 405 243 162 1288 11265 10746 14378
Last 5 Years 1332 1089 243 1729 18676 16760 22189
Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 01022015
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Infrastructure amp Economic Reform Fund as on 26 Feb 2021
96
Feb 20 2018Kotak India Growth Fund -
Series IV - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series IV - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1462 1173 289 1328 15099 13979 14570
Last 1 Year 6667 3224 3443 3137 16644 13214 13127
Last 3 Years 1471 1135 335 1288 15087 13803 14378
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 20022018 Mr Devender Singhal has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak India Growth Fund Series IV as on 26 Feb 2021
Kotak India Growth Fund Series V as on 26 Feb 2021
May 15 2018Kotak India Growth Fund -
Series V - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series V - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1389 1146 243 1265 14372 13534 13939
Last 1 Year 4661 3224 1437 3137 14646 13214 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak Smallcap Fund Performance as on 26 Feb 2021
Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the TotalReturn variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
97
Kotak Smallcap Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1930000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 8187177 3266871 1617790 1001229 576604 190906
Scheme Returns () 1620 1905 1843 2067 3331 12808
NIFTY Smallcap 100 (TRI) Returns () 1048 1159 1036 1161 2174 12178
Alpha 572 746 808 905 1158 630
NIFTY Smallcap 100 (TRI) (Rs) 4794025 2190608 1213472 802393 493594 187746
Nifty 50 (TRI) (Rs)^ 5809863 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1256 1341 1364 1570 1947 6633
Scheme Inception - February 242005 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Feb 24 2005Kotak Smallcap Fund -
GrowthNIFTY Smallcap 100 TRI ALPHA Nifty 50 TRI
Kotak Smallcap Fund -Growth
NIFTY Smallcap 100 TRI Nifty 50 TRI
Since Inception 1648 1274 375 1440 115182 68229 86309
Last 1 Year 5224 4358 866 3137 15207 14344 13127
Last 3 Years 1309 -017 1326 1288 14460 9950 14378
Last 5 Years 2040 1419 622 1729 25291 19406 22189
Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) Performance as on 26 Feb 2021
98
Kotak Flexi Cap Fund (Previously known as Kotak Select Standard Multi Cap Fund)
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1380000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 3453492 2729977 1380165 856388 468086 156611
Scheme Returns () 1505 1571 1397 1426 1792 6240
Nifty 200 (TRI) Returns () 1288 1368 1351 1514 1931 6874
Alpha 218 204 045 -088 -139 -634
Nifty 200 (TRI) (Rs) 3011611 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 2974930 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1268 1341 1364 1570 1947 6633
Scheme Inception - September 11 2009 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 11 2009Kotak Flexi Cap Fund -
GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak Flexi Cap Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1391 1156 235 1140 44527 35062 34492
Last 1 Year 2497 3224 -727 3137 12489 13214 13127
Last 3 Years 1082 1135 -054 1288 13604 13803 14378
Last 5 Years 1738 1719 020 1729 22274 22089 22189
Kotak Emerging Equity Fund Performance As on 26 Feb 2021
Scheme Inception date is 30032007 Mr Pankaj Tibrewal has been managing the fund since 27052010 Different plans have different expense structure The performance detailsprovided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circulardated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha isdifference of scheme return with benchmark return
99
Kotak Emerging Equity Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1680000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 6176383 3334607 1562085 940171 526485 173627
Scheme Returns () 1705 1943 1745 1807 2647 9422
Nifty Midcap 100 (TRI) Returns () 1388 1480 1370 1440 2237 9753
Alpha 316 463 375 368 410 -332
Nifty Midcap 100 (TRI) (Rs) 4795200 2599125 1367070 859342 497885 175354
Nifty 50 (TRI) (Rs)^ 4226246 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1229 1341 1364 1570 1947 6633
Scheme Inception - March 30 2007 The returns are calculated by XIRR approach assuming investment of 10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Mar 30 2007Kotak Emerging Equity
Fund - GrowthNifty Midcap 100 TRI ALPHA Nifty 50 TRI
Kotak Emerging Equity Fund - Growth
Nifty Midcap 100 TRI Nifty 50 TRI
Since Inception 1320 1332 -012 1138 56228 57054 44823
Last 1 Year 3676 3998 -322 3137 13664 13985 13127
Last 3 Years 1207 679 528 1288 14070 12177 14378
Last 5 Years 1997 1624 372 1729 24836 21217 22189
Kotak Tax Saver Fund Performance as on 26 Feb 2021
Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
100
Kotak Tax Saver Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1840000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5208479 2557585 1384584 874589 483657 158907
Scheme Returns () 1251 1450 1406 1511 2027 6660
Nifty 500 (TRI) Returns () 1244 1387 1367 1525 1992 7206
Alpha 007 063 038 -014 035 -546
Nifty 500 (TRI) (Rs) 5177617 2472906 1365740 877640 481312 161867
Nifty 50 (TRI) (Rs)^ 5074950 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1221 1341 1364 1570 1947 6633
Scheme Inception - November 23 2005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initialand final value and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Nov 23 2005Kotak Tax Saver Fund -
GrowthNifty 500 TRI ALPHA Nifty 50 TRI
Kotak Tax Saver Fund -Growth
Nifty 500 TRI Nifty 50 TRI
Since Inception 1217 1303 -085 1328 57797 64882 67113
Last 1 Year 2685 3347 -662 3137 12677 13337 13127
Last 3 Years 1219 1086 133 1288 14116 13621 14378
Last 5 Years 1741 1731 010 1729 22304 22207 22189
Kotak Equity Opportunities Fund Performance as on 26 Feb 2021
Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012 Different plans have different expense structure The performance details provided hereinare of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRAMFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
101
Kotak Equity Opportunities Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1980000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 7635338 2664264 1403160 880871 486395 158045
Scheme Returns () 1478 1526 1443 1540 2067 6502
Nifty 200 (TRI) Returns () 1281 1368 1351 1514 1931 6874
Alpha 197 158 092 026 136 -373
Nifty 200 (TRI) (Rs) 6308482 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 6292270 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1279 1341 1364 1570 1947 6633
Scheme Inception - September 09 2004 The returns are calculated by XIRR approach assuming investment of Rs 10000- 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 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 TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 09 2004Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI ALPHA Nifty 50 TRI Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1831 1537 294 1555 159694 105534 108232
Last 1 Year 2771 3224 -453 3137 12762 13214 13127
Last 3 Years 1158 1135 023 1288 13887 13803 14378
Last 5 Years 1791 1719 072 1729 22776 22089 22189
Kotak Bluechip Fund Performance as on 26 Feb 2021
Since inception date of Kotak Bluechip Fund - Reg Growth is 4022003 Mr Harish Krishnan has been managing the fund since 01012014Different plans have different expense structure Theperformance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000-investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 theperformance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the schemebenchmark performance is calculated using composite CAGR of SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Since Inception date of KotakBluechip Fund- Dividend plan is 29121998 Alpha is difference of scheme return with benchmark return
102
Kotak Bluechip Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 2170000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 9909049 2429408 1342358 867738 482271 158190
Scheme Returns () 1497 1354 1319 1479 2006 6528
Nifty 50 (TRI) Returns () 1393 1341 1364 1570 1947 6633
Alpha 103 013 -045 -091 059 -105
Nifty 50 (TRI) (Rs) 8857197 2412890 1363994 887303 478297 158761
SampP BSE SENSEX (TRI) (Rs)^ 9110194 2472879 1393707 907359 481833 157647
SampP BSE SENSEX (TRI) Returns () 1419 1387 1424 1662 2000 6429
Scheme Inception - December 29 1998 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the scheme benchmark SIP Performance is calculated by taking SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Alpha is difference of scheme return with benchmark return
Feb 04 2003Kotak Bluechip Fund -
GrowthNifty 50 TRI ALPHA SampP BSE SENSEX TRI
Kotak Bluechip Fund -Growth
Nifty 50 TRI SampP BSE SENSEX TRI
Since Inception 1967 1722 246 1738 256865 176573 181028
Last 1 Year 3007 3137 -130 3000 12998 13127 12990
Last 3 Years 1181 1288 -107 1422 13975 14378 14894
Last 5 Years 1575 1729 -154 1789 20767 22189 22764
Kotak India EQ Contra Fund as on 26 Feb 2021
Jul 27 2005Kotak India EQ Contra
Fund - GrowthNifty 100 TRI ALPHA Nifty 50 TRI
Kotak India EQ Contra Fund - Growth
Nifty 100 TRI Nifty 50 TRI
Since Inception 1321 1408 -088 1388 69209 78041 75924
Last 1 Year 3123 3120 003 3137 13113 13110 13127
Last 3 Years 1293 1191 102 1288 14396 14010 14378
Last 5 Years 1830 1719 110 1729 23155 22098 22189
Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
103
Kotak India EQ Contra Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1880000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5753810 2581589 1412974 907013 487708 163570
Scheme Returns () 1309 1467 1463 1660 2087 7522
Nifty 100 (TRI) Returns () 1268 1363 1351 1519 1891 6526
Alpha 041 104 112 141 195 996
Nifty 100 (TRI) (Rs) 5543589 2441380 1357611 876201 474636 158175
Nifty 50 (TRI) (Rs)^ 5371562 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1233 1341 1364 1570 1947 6633
Scheme Inception - July 272005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initial and finalvalue and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Other Funds Managed by Mr Deepak Agarwal
Mr Deepak Agrawal manages 12 funds amp All FMPs of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan (Kotak Bond Short Term Fund (May 02 02) Kotak Dynamic Bond Fund (May 26 08) Kotak Money Market Fund (Nov 25 07) Kotak Liquid Fund (Nov 04 03) Kotak Banking and PSU Debt Fund (Dec 29 98) Kotak Savings Fund (Jul 11 07) Kotak Credit Risk Fund (May 11 10) Kotak Medium Term Fund (Mar 21 14) Kotak Low Duration Fund (Jan 31 15) Kotak Corporate Bond Fund (Sep 21 07) Kotak Overnight Fund (Jan 15 19) All Fixed Maturity Plans in existence (Aug 1315) Kotak Floating Fund (May 14 2019)
Kotak Floating Rate Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 14052019 Mr Deepak Agrawal has been managing the fund since 14052019Kotak Banking and PSU Debt Fund - Growth Name of the Benchmark - CRISIL Banking and PSU Debt Index Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008Kotak Savings Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 13082004 Mr Deepak Agrawal has been managing the fund since 01042008Kotak Liquid Fund - Growth Name of the Benchmark - NIFTY Liquid Index Scheme Inception date is 04112003 Mr Deepak Agrawal has been managing the fund since 01052007Kotak Overnight Fund - Growth Name of the Benchmark - NIFTY 1D Rate Index Scheme Inception date is 15012019 Mr Deepak Agrawal has been managing the fund since 15012019Kotak Money Market Fund - Growth Name of the Benchmark - NIFTY Money Market Index Scheme Inception date is 14072003 Mr Deepak Agrawal has been managing the fund since 01112006
104
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Floating Rate Fund - Growth 808 514 NA NA NA NA 772 610
Kotak Banking and PSU Debt Fund - Growth 744 632 894 868 846 854 753 NA
Kotak Savings Fund - Growth 524 514 684 696 705 716 760 797
Bottom 3
Kotak Money Market Fund - Growth 520 471 692 638 699 672 728 742
Kotak Liquid Fund - Growth 377 388 577 582 627 624 715 717
Kotak Overnight Fund - Growth 296 312 NA NA NA NA 429 443
Funds Managed by Mr Harsha Upadhyaya
Mr Harsha Upadhyaya manages 4 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Opportunities Fund (Sep 9 04) Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) (Sep 11 09) Kotak Tax Saver Fund (Nov 2305)
Funds Managed by Mr Pankaj Tibrewal
Mr Pankaj Tibrewal manages 3 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Small Cap Fund (Feb 2405) Kotak Emerging Equity Fund (Mar 3007) Kotak Equity Hybrid Fund (Nov 2599) Kotak Smallcap Fund - Growth Name of the Benchmark - NIFTY Smallcap 100 TRI Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010 Kotak Equity Hybrid Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008
105
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Equity Opportunities Fund - Growth 2771 3224 1158 1135 1791 1719 1831 1537
Kotak Tax Saver Fund - Growth 2685 3347 1219 1086 1741 1731 1217 1303
Kotak Flexi Cap Fund - Growth 2497 3224 1082 1135 1738 1719 1391 1156
Kotak ESG Opportunities Fund - Growth Kotak ESG Opportunities Fund has not yet completed 1 year from Inception the performance of the scheme is not disclosed
Kotak Equity Opportunities Fund - Growth (Erstwhile Kotak Opportunities) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012
Kotak Tax Saver Fund - Growth Name of the Benchmark - Nifty 500 TRI Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015
Kotak Flexi Cap Fund - Growth (Erstwhile Kotak Standard Multicap Fund) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Small Cap Fund - Growth 5224 4358 1309 -017 2040 1419 1648 1274
Kotak Emerging Equity Fund - Growth 3676 3998 1207 679 1997 1624 1320 1332
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Funds Managed by Mr Hiten Shah
Mr Hiten Shah manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Balanced Advantage Fund (Aug 03 18) Kotak Equity Savings Fund (Oct 13 2014) Kotak Equity Arbitrage Fund (Sep 29 05) Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Equity Arbitrage Fund - Growth Name of the Benchmark - Nifty 50 Arbitrage Index Scheme Inception date is 29092005 Mr Hiten Shah has been managing the fund since 03102019
Funds Managed by Ms Shibani Kurian
Ms Shibani Kurian manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak India EQ Contra Fund - Growth (July 27 05) Kotak India Growth Fund Series 7 (Aug 31 18) Kotak Focused Equity fund (Jul 16 19) Kotak India EQ Contra Fund - Growth (Erstwhile Classic Equity Fund) Name of the Benchmark - Nifty 100 TRI Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak India Growth Fund - Series 7 - Growth Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 31082018 Ms Shibani Kurian has been managing the fund since 09052019
106
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Balanced Advantage Fund - Growth 1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Kotak Equity Arbitrage Fund - Growth 354 186 539 454 577 484 713 NA
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak India EQ Contra Fund - Growth 3123 3120 1293 1191 1830 1719 1321 1408
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak India Growth Fund - Series 7 - Growth 2018 3137 NA NA NA NA 1042 1037
Other Funds Managed by Mr Harish Krishnan
Mr Harish Krishnan manages 7 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak BluechipFund (Feb 04 03) Kotak Infrastructure amp Economic Reform Fund (Feb 25 08) Kotak India Growth Fund Series 5 (May1518) Kotak Balanced Advantage Fund (Aug 0318) Kotak Equity Savings Fund (Oct 13 14) Kotak Focused Equity fund (Jul 16 19) Kotak Pioneer Fund (Oct 31 19
Kotak Pioneer Fund - Growth Name of the Benchmark - 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Kotak India Growth Fund Series 5- Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018Kotak Bluechip Fund - Growth (Erstwhile Kotak 50) Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 04022003 Mr Harish Krishnan has been managing the fund since 15112013Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Infrastructure and Economic Reform Fund - Growth Name of the Benchmark - India Infrastructure Index (Customised Index by IISL) Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 31012015
107
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Pioneer Fund - Growth 5550 4230 NA NA NA NA 3678 2467
Kotak India Growth Fund - Series 5 - Growth 4661 3224 NA NA NA NA 1389 1146
Kotak Bluechip Fund - Growth 3007 3137 1181 1288 1575 1729 1967 1722
Bottom 3
Kotak Infrastructure and Economic Reform Fund -Growth
2940 3064 405 243 1332 1089 719 133
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Other Funds Managed by Mr Abhishek Bisen
Mr Abhishek Bisen manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Hybrid Fund (Nov 05 2014) Kotak Debt Hybrid Fund (Dec 02 03) Kotak Bond Fund (Regular Plan) (Apr 15 08) Kotak Gilt Fund (Regular amp PF-Trust) (Dec 29 98) Kotak Equity Savings Fund (Oct 13 14) Kotak Gold ETF (Jul 27 07) Kotak Gold Fund (Mar 25 11) Kotak Balanced Advantage Fund (Aug 03 18)
Kotak Gold Fund - Growth Name of the Benchmark - Price of Gold Scheme Inception date is 25032011 Mr Abhishek Bisen has been managing the fund since 04032011Kotak Gold ETF Name of the Benchmark - Price of Gold Scheme Inception date is 27072007 Mr Abhishek Bisen has been managing the fund since 15042008 amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Equity Hybrid Fund - Growth (Erstwhile Kotak Balance) Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 and Kotak Equity Hybrid Fund - Regular plan scheme inception date is 3rd November 2014 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008Kotak Bond Fund - Growth Name of the Benchmark - NIFTY Medium to Long Duration Debt Index Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Balanced Advantage Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 5050 Index Scheme Inception date is 03082018 Mr Abhishek Bisen amp Mr Harish Krishnan has been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019
108
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Kotak Balanced Advantage Fund - Growth1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth1314 963 790 704 934 816 837 719
Bottom 3
Kotak Gold Fund - Growth 741 765 1445 1467 887 860 671 815
Kotak Gold ETF 710 765 1380 1467 764 860 1178 1290
Kotak Bond Fund - Growth 672 765 879 912 800 859 878 NA
Other Funds Managed by Mr Devender Singhal
Mr Devender Singhal manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak DebtHybrid Fund - Growth (Dec 02 03) Kotak India Growth Fund Series-4 (Feb 14 18) Kotak NV20 ETF (Dec 01 15) Kotak Banking ETF (Dec 10 14) Kotak Sensex ETF (Jun 06 08) Kotak Asset AllocatorFund (Aug 09 04) Kotak PSU Bank ETF (Nov 08 07) Kotak Nifty ETF (Feb 02 10)
Kotak India Growth Fund - Series 4 - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 14022018 Mr Devender Singhal has been managing the fund since 24012019Kotak NV20 ETF - Name of the Benchmark Nifty 50 Value 20 TRI Scheme Inception date is 01122015 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Sensex ETF Name of the Benchmark - SampP BSE SENSEX TRI Scheme Inception date is 06062008 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Nifty ETF Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 02022010 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Banking ETF Name of the Benchmark - Nifty Bank TRI Scheme Inception date is 10122014 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak PSU Bank ETF - Name of the Benchmark Nifty PSU Bank TRI Scheme Inception date is 08112007 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019
109
Scheme Name
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak India Growth Fund - Series 4 -Growth
6667 3224 1471 1135 NA NA 1462 1173
Kotak NV20 ETF 3937 4355 1526 1660 1902 2002 1643 1620
Kotak Nifty ETF 3078 3137 1261 1288 1647 1729 1044 1181
Bottom 3
Kotak Sensex ETF 2955 3000 1390 1422 1696 1789 982 1097
Kotak PSU Bank ETF 2203 2303 -876 -807 248 359 -163 -014
Kotak Banking ETF 1749 1948 1108 1183 2008 2068 1087 1132
Fund Type of Scheme
Kotak Equity Opportunities Fund Large amp Mid Cap Fund - An open ended equity scheme investing in both large cap and mid cap stocks
Kotak Small Cap Fund Small cap fund - An open-ended equity scheme predominantly investing in small cap stocks
Kotak Emerging Equity Fund Mid Cap Fund - An open ended equity scheme predominantly investing in mid cap stocks
Kotak Tax Saver Fund An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
Kotak Balanced Advantage Fund Open ended Dynamic Asset Allocation Fund
Kotak Pioneer Fund An open ended equity scheme investing in pioneering innovations theme
Kotak India EQ Contra Fund An open-ended equity scheme following contrarian investment strategy
Kotak Debt Hybrid Fund An open ended hybrid scheme investing predominantly in debt instruments
Kotak Bluechip Fund Large cap fund - An open-ended equity scheme predominantly investing in large cap stocks
Kotak Asset Allocator FundAn open ended fund of fund scheme investing in specified open-ended equity and debt Schemes of Kotak Mahindra
Mutual Fund
Kotak Equity Arbitrage Fund An open ended scheme investing in arbitrage opportunities
Kotak Equity Savings Fund An open ended scheme investing in equity arbitrage and debt
Kotak Flexicap Fund Flexicap Fund - An open ended dynamic equity scheme investing across large cap mid cap small cap stocks
Kotak Focused Equity Fund An open ended equity scheme investing in maximum 30 stocks in large-cap mid-cap and small-cap category
Kotak Floating Rate Fund An open ended debt scheme predominantly investing in floating rate instruments
Kotak Equity Hybrid Fund An open-ended hybrid scheme investing predominantly in equity and equity related instruments
Kotak International REIT FoFAn open ended fund of fund scheme investing in units of SMAM ASIA REIT Sub Trust fund andor other similar overseas
REIT funds
Kotak ESG Opportunities FundAn open ended equity scheme which follows the Environment Social and Governance (ESG) theme with flexibility of
investing across market capitalization 110
Fund Type of Scheme
Kotak Overnight Fund An open ended debt scheme investing in overnight securities
Kotak Gilt Fund An open ended debt scheme investing in government securities across maturity
Kotak Money Market Fund An open ended debt scheme investing in money market instruments
Kotak Savings Fund An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months
Kotak Bond Short Term Fund An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years
Kotak Corporate Bond Fund An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds
Kotak Credit Risk Fund An open ended debt scheme predominantly investing in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds)
Kotak Banking amp PSU Debt Fund An open ended debt scheme predominantly investing in Debt instruments of banks Public Sector Undertakings Public Financial Institutions and Municipal Bonds
Kotak Liquid Fund An open ended liquid scheme
Kotak Low Duration Fund An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months
Kotak Medium Term Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years
Kotak Dynamic Bond Fund An open ended dynamic debt scheme investing across duration
Kotak Bond Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years
Kotak India Growth Fund Series 5
Multicap Fund - A 1099 days close ended equity scheme investing across large cap midcap and small cap stocks
Kotak India Growth Fund Series 4
Multicap Fund - A 36 months close ended equity scheme investing across large cap midcap and small cap stocks
Kotak Infrastructure amp Economic Reform Fund
An open ended equity scheme following Infrastructure amp Economic Reform theme
111
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 112
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 113
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 114
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 115
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 116
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector biasKotak India Growth Series 4
Kotak India Growth Series 5bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector bias
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 117
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 118
Kotak Liquid Fund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Thank You
Stay Safe Stay Healthy and Stay Invested
119
Global GDP Growth Set To Recover Sharply
5Note Based on MSCI ACWI countries Source Jefferies Factset IMF
US Federal Government Budget Deficit amp Borrowing Has Gone Up Significantly
6Source US Treasury Department yardenicom
(billion dollars)
Solid Breadth Of Companies Beating Earnings Estimates Across Regions
7Source Bloomberg Finance LP Deutsche Bank
Market Likely Driven By Excess Personal Savings
8
US Excess Personal Savings
Source BEA Haver Analytics Morgan Stanley Research forecasts as of Jan 25 2021
US Retail Investors Plan To Put A Significant Chunk Of Any Forthcoming Stimulus Into The Stock Market
9
Planned proportion of stimulus amount in stock market investment if received in 2021 ()
Source dbDIG Survey Deutsche Bank Asset Allocation
Surge In US Inflation Expectation Continues UnabatedNow at Its Highest Level In Over 8 Years
10Source Compoundadvisorscom
Commodity Prices Are Rising But Not Yet To Dramatic Levels of 2007-08
11Source Refinitiv
lndian Economy
12
Headlines In Feb 21
13
Source Business Today
Source Bloomberg Quint
Updated on Feb 09 2021 0701 PM IST
Headlines In Feb 21
14
Source Business Standard
Source Bloomberg Quint
Company Registration Jumps 21 in April ndash Decrsquo20
15Source MCA
Sharp growth was due to the progression of smaller firms and LLPs towards forming companies as growth picked up along with improved facilitation through digital services
Indiarsquos Debt To GDP VS Major Economies
16Source Economic Survey 2020-21
Indiarsquos Public Debt To GDP Has Been Significantly Low Compared To Other Countries
Governmentrsquos Reform Momentum To Bolster Potential Growth
17Source Elara Securities
18
V Shaped Recovery
Source HIS Markit Bloomberg Index reading above 50 signals growth Score is generated on the three-month weighted averages of the indicators against the past thirty months of historical data
Domestic and overseas demand hold up for Indian companies
Nomura India Business Resumption Index Is Almost At Pre-Pandemic Levels
19
The resurgence of COVID-19 could represent a downside risk
Source Google Apple CMIE Bloomberg and Nomura Global Economics
PLI Schemes Can Add 16 To FY27 GDP amp Encourage Domestic Industry
Source RAVE Credit Suisseestimates 20
Real Estate Should Support Economic Recovery
Source The BLOOMBERG PROFESSIONALTM service Credit Suisse estimates
Mortgage rates have fallen to record lowsAffordability levels at all-time high
Source SBI HDFC Jefferies 21
Budget Aims For Ambitious Infra Spending In FY22
22
Budget has laid ambitious target for FY22 spending Infrastructure capex allocation for FY22 is steep execution key
Source Budget Elara Securities Research
Risk
23
Covid 19 Isnrsquot Yet Over
24Source Times of India
Upside Risks To Inflation Remain
25
Source CEIC UBS
RBI Survey Indicates Confidence Still Lagging
26Source RBI
Unemployment is Down but Income
27
CMIE Series of Unemployment unemployment rate (UER) (gt=15)
Unemployment Rate 30 day moving average ()
Unemployment Rate01 Mar 2021
Source CMIEcom
Equity Markets
28
Sare Jahan Se Acha Hindustan Hamara
Source Axis Capital29
-240
-168
-79
-72
-56
-26
-18
39
266(USD bn)
12 MONTHS FPI FLO W (Feb20 to Feb21)
India
Brazil
Indonesia
Philippines
Malaysia
South Africa
Thailand
Taiwan
South Korea
Source Bloomberg Axis Capital As on 28th February 2021 Past Performance may or may not sustain in the future
Performance Across Market Cap
Performance as on 28th Feb 2021 Sectoral Performance CY20 YTD ()
66
113 122
297
386 418
115
58
(12)
156 151 130
105 122
92
(10)
0
10
20
30
40
50
Nifty-50 Nifty Midcap 100 NSE SmallCap 100
1m returns 1y returns 3 yr CAGR 5 yr CAGR 10 yr CAGR
14
12
4
17
11 11 11 11
8
65
0
-1
-5
-8
Sma
llcap
10
0
Mid
cap
100
NIF
TY
50
Me
tals
Rea
lty
Ban
k
Ener
gy
Au
to
Pri
vate
Ban
ks
Fin
anci
als
Secv
ice
s
IT S
erv
ice
s
Me
dia
FMC
G
Ph
arm
a
30
Bumper Results for Dec 20 Quarter
31
Source MOSL Research
193 Cos Actual Expected
Sales 0 -2
EBITDA 19 15
PBT 33 20
PAT 31 17
NIFTY 50 Cos Actual Expected
Sales -1 -2
EBITDA 15 10
PBT 23 9
PAT 22 7
Significant Profit Pool Expansion Seen In PSU Banks Cement Auto And Auto Ancillary And Metals
32
Source ICICI Securities Internal Analysis Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
Profit Growth By Sectors
Nifty Earnings Are Expected To Accelerate Sharply Over Next Two Years
33Source NSE Company data IIFL Research Note Based on IIFL estimates
236 285 310 333
372 402 404 386
418 414
483 457 508
685
796
(41)
207
89 74
117
81
05
(45)
83
(10)
167
(54)
111
349
163
(10)
(5)
0
5
10
15
20
25
30
35
40
0
100
200
300
400
500
600
700
800
900
FY0
9
FY1
0
FY1
1
FY1
2
FY1
3
FY1
4
FY1
5
FY1
6
FY1
7
FY1
8
FY1
9
FY2
0
FY2
1ii
FY2
2ii
FY2
3ii
Rs (LHS) YoY (RHS)
Nifty EPS
Valuation Wise ndash Neutral Weight Momentum Wise - Overweight
Neutral weight doesnt mean selling equity It means profitbooking on excess position
34
Market Cap-to-GDP Ratio ndash Above Long Term Average
Market cap-to-GDP ratio Market rebound brings ratio above long term average
OW Equities =Ratio Below Historical Lows Neutral Equities = Ratio at Historical Average
Source Motilal Oswal 35
52
82 83
103
55
95
88
71
64 66
81
69
7983
79
56
104
FY05
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19
FY20
FY21
E
Average of 75 for the period
Valuations Are At The Higher End Of Fair Value
NIFTY PE (x) - 1 Year Forward NIFTY PB (x) - 1 Year Forward
Source Motilal Oswal36
207
8
13
18
23
28
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 179x
31
15
23
30
38
45
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 27x
37
Valuations Above Long Term Average
Source FactSet Kotak Institutional Equities Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
1 Year Forward Sector PE Current 10y Average Premium(discount)
Automobiles 232 158 469Energy 158 110 431Cement 303 219 387
Consumer Discretionary 590 425 387Technology 236 177 331Industrials 250 201 246
Pharmaceuticals 243 222 94Consumers 348 318 94
Metals 93 103 -94Utilities 80 110 -276
Consumer ex ITC 507 394 285Automobiles ex Tata Motors 228 185 231Energy ex Reliance Industries 80 90 -117
1 Year Forward Sector PB Current 10y Average Premium(discount)
Pvt banks 28 25 126PSU banks 10 11 -61
Earnings Are Increasing
38Source Bloomberg
QuarterReported PAT for NSE 500
Rs in CroreAnnualised PAT on Dec 20
Dec 19 122235
Mar 20 53406
June 20 32400
Sept 20 176786 707144
Dec 20 209795 839180
TTM 472387
Market Cap (280221) 18850128
PE Ratio 399 225
Highest Ever Quarterly Profit by India Inc
Valuations Are Not As Perceived
39
Company
PE
FY20Q1FY21
(Annualised)Q2FY21
(Annualised)Q3FY21 (Annualised) FY22E
Shree Cement 634 648 439 383 358
Ultra tech Cement 488 484 375 292 321
Mindtree 397 311 261 203 191
Asian Paints 814 2567 663 447 613
Persistent Systems 378 357 315 265 239
Hero Motocorp 190 2782 181 159 183
Bajaj Auto 223 537 249 182 202
Source Company data Kotak estimates Stocks mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of aninvestment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
The data for FY20 Q1Q2Q3 are actuals (annualised in the quarters) while FY22 is estimates
High Nifty Valuations Conceals the bargain opportunities in select Quality stocks
40Source ICICI Securities Internal Analysis
Adjusted PE Shows The True Valuation
Time To Be Neutral Weight To Equities
Marginally OW Small and Midcap
Marginally UW Large cap
Neutral Weight Equity
41
SIP has performed well
42
Patience Pays Off in SIPKotak Emerging Equity Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty Midcap 100 TRI is the benchmark for Kotak Emerging Equity FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund
43
Kotak Emerging Equity Fund Feb-19 Feb-20 Feb-21
10 Yr 1630 1567 1943
7 Yr 1636 1506 1745
5 yr 1024 889 1807
3 yr 324 526 2647
1 yr -984 1316 9422
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1239 991 1480
7 Yr 1212 867 1370
5 yr 736 317 1440
3 yr 079 -333 2237
1 yr -1572 -097 9753
Patience Pays Off in SIPKotak Tax Saver Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 500 TRI is the benchmark for Kotak Tax Saver FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculatingreturn on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting fromthe beginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer todisclaimer slides for scheme information and detailed performance of the fund
44
Kotak Tax Saver Fund Feb-19 Feb-20 Feb-21
10 Yr 1192 1159 1450
7 Yr 1227 1163 1406
5 yr 924 846 1511
3 yr 631 574 2027
1 yr -093 480 6660
Nifty 500 TRI Feb-19 Feb-20 Feb-21
10 Yr 1138 992 1387
7 Yr 1163 916 1367
5 yr 903 658 1525
3 yr 732 201 1992
1 yr -456 -397 7206
Patience Pays Off in SIPKotak Equity Opportunities Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021Returns are for regular plan Nifty 200 TRI is the benchmark for Kotak Equity Opportunities FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund 45
Kotak Equity Opportunities Fund Feb-19 Feb-20 Feb-21
10 Yr 1277 1242 1526
7 Yr 1281 1192 1443
5 yr 923 885 1540
3 yr 576 582 2067
1 yr -313 720 6502
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1140 992 1368
7 Yr 1165 915 1351
5 yr 931 686 1514
3 yr 822 256 1931
1 yr -274 -478 6874
46
Patience Pays Off in SIPKotak Bluechip Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 50 TRI is the benchmark for Kotak Bluechip FundDisclaimer SIP is an optional feature offered by Kotak Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mutual Past performance may or maynot be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating return on investmentsgiven an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from the beginning of thesubsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides forscheme information and detailed performance of the fund
Kotak Bluechip Fund Feb-19 Feb-20 Feb-21
10 Yr 1078 1016 1354
7 Yr 1064 940 1319
5 yr 758 678 1479
3 yr 539 435 2006
1 yr -282 108 6528
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1108 979 1341
7 Yr 1130 918 1364
5 yr 958 772 1570
3 yr 989 429 1947
1 yr 112 -515 6633
47
Equity Investment Opportunity
48
Kotak Pioneer Fund
India Basketbull Approx 80 of portfolio invested in 35 businesses
in India
bull Digital ecosystems
bull China + strategy for manufacturing
bull Consumer discretionary
bull Healthcare
bull Chemicals
bull Fintech
bull Materials
bull Investing in a global fund with a similar pioneering theme ndash CI SignatureTechnology Fund
bull Much more than FANGM (Facebook Amazon Netflix Google Microsoft)
bull FANGM investment less than 5 of CI Signature Technology Fund as on Jan2021
bull Investments in decentralized finance payments ecommercesemiconductor urban transport social media etc
bull The international diversification ndash hedge against the domestic businesscycle and potential of INR depreciation against the USD over the mediumterm
Companies that use technology through process for enduring competitive advantage
International Diversification
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
1 YearSince
Inception(31102019)
Kotak Pioneer Fund - Regular Plan 5550 3678
Benchmark 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI 4230 2467
Nifty 50 TRI 3137 1752
Less than equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
49
Kotak Small Cap Fund
bull Kotak Small Cap Fund Identifies the hidden growth potential of small cap sized companies
bull The essence is to spot them young and watch them grow
bull Kotak Small Cap Fund focus on investing in quality businesses with strong competitive edge run by great management generating high return on capital amp offering sustainable growth with high market potential and available at reasonable valuations
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Scheme Name 1 Year 3 Year 5 Year 7 Year 10 year
Kotak Small Cap Fund - Reg - Growth 5207 1309 2037 2233 1777
Nifty Smallcap 100 TRI 4344 -017 1412 1488 1045
Healthy growth in Revenue EBITDA and PAT in investee companies in the aftermath of COVID 19 ( Q3FY21)
Sales Growth YoY EBITDA Growth YoY PAT Growth YoY
Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21
Kotak Small Cap Fund -243 53 167 173 262 312 -163 311 338
Kotak Asset Allocator Fund ndash An Effective Asset Allocation Medium To Ride The Market
PeriodKotak Asset Allocator
Fund - GrowthNIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1578 1221 1722
Last 5 Year 1464 1355 1729
Last 3 Years 1462 1199 1288
Last 1 Years 2928 2142 3137
Past performance may or may not be sustained in the future Inception date is as of Aug 09 2004
Mutual Fund investments are subject to market risks read all scheme related documentscarefullySource ICRA As on 28th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Return Profile
bull Higher Flexibility of allocation (0-100 in Equities)bull Current equity allocation is 37
50
51
Debt Investors With Marginal Appetite For Equity Can Consider Investment In Kotak Debt Hybrid Fund
bull Fixed income component at ~75 amp above This keeps the volatility low amp relatively marginal level
bull Equity exposure at 25 or less allows the investor to obtain the flavor of equity play without significant risk to capital
bull SWP can be utilized to meet ldquotax efficientrdquo income requirements of the investor
Source ICRA As on 26th Feb 2021 Industry data is from AMFI and Kotak Debt Hybrid data is from CAMS Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Please consult your tax advisor for further details
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Benchmark Crisil Hybrid 85+15 ndash ConservativeIndex
Net Aum flows in Rs Crs over last 12 months()
As on 31st Jan 2021
885
-15540 -14655
Kotak Debt Hybrid Others Total
Time HorizonKotak Debt Hybrid
Fund Nifty 50 TRI Benchmark
1 Year 1502 3137 1166
2 Years 1329 1742 1206
3 Years 923 1288 1010
5 Years 1046 1729 1030
52
Shift Money To Alpha Generating Large Caps
7 Years 5 Years 3 Years 1 Year
Kotak Bluechip Fund ndash Direct Plan 1655 1694 1272 2655
Nifty 50 TRI 1423 1712 1254 2583
bull Kotak Bluechip Fund is flexible in its large cap themes rather than being rigid in different market scenarios
bull It continues to focus on businesses with favourable supply side dynamics
bull Also focuses on capital efficiency with a reasonable track-record of capitalizing on various opportunities
bull There are broadly 4 sub-themes that fund captures now namely Financial Savings Moving from Lockdown to Unlock Consumer Demand amp Global Business
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than 1 year Absolute returns Greater than 1 year Compound Annualized returnsPast performance may or may not be sustained in the future Direct Growth option Inception Date is 1st Jan 2013 (Regular Plan Dividend Option InceptionDate Dec 29 1998)
Should We Invest In Gold
53
Gold
bull We have highlighted risk of import duty being reduced to our gold call
bull The same has played out in this budget as import duty rationalised from 125 to 10 ( 75 Import Duty Plus Agriculture Cess )
bull If the import duty is reduced further to that extent there will be a drop in Rupee Gold prices instantly
bull Subject to that volatility we remain bullish Gold on a longer term basis
bull Gold has corrected in recent times for accumulation
Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before
acting on any information in this communication54
Active VS Passive Funds in Alpha Generation
55
56
Index Funds Underperforms Index
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documentscarefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance ampscheme information of the fund
Fund Category 1 Year 3 Year 5 Year
SampP BSE Sensex TRI 2990 1420 1790
Category Average 2866 1328 1684
Alpha-124 -092 -106
Fund Category 1 Year 3 Year 5 Year
Nifty 50 TRI3130 1290 1730
Category Average 3019 1193 1606
Alpha-111 -097 -124
Less than 1 year Absolute returns Greater than 1 year CAGR
Active Funds Can Give Alpha
bull Active funds canrsquot take more than 10instocks
bull Fund has to keep Cash to meetredemptions
bull Index changes stocks at the closing price with no impact cost
bull Globally Total Return Index is compared with funds gross return ie expenses are added back to performance In India TRI is compared with net return of the fund
bull In Insurance for eg they comparegross return with PRI In MF wecompare TRI with net return
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
57
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years()
Kotak Infrastructure amp Economic Reform Fund - Dir - Growth
3092 538 157 1841
India Infrastructure Index (Customised Index by IISL)
3064 243 1089 895
Alpha 028 295 481 946
Kotak Small Cap Fund - Dir - Growth 5427 1462 2281 2399
Nifty Smallcap 100 TRI 4344 -017 1512 1488
Alpha 1083 1479 769 911
Kotak Emerging Equity Fund - Dir - Growth 3842 1345 2235 2493
Nifty Midcap 100 TRI 3985 679 1739 1814
Alpha -143 666 496 679
Kotak Flexicap Fund - Dir - Growth 2614 1192 1969 1905
Nifty 200 TRI 3214 1135 1826 1498
Alpha -60 057 143 407
Kotak Equity Opportunities Fund - Dir -Growth
2915 1284 2035 1869
Nifty 200 TRI 3214 1135 1826 1498
Alpha -299 149 209 371
Kotak Tax Saver Fund - Dir - Growth 2841 1353 1996 1889
Nifty 500 TRI 3337 1086 1836 1539
Alpha -496 267 16 35
Less than 1 year Absolute returns Greater than 1 year CAGR
58
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years
Kotak India EQ Contra Fund - Dir - Growth 3288 1444 2107 1711
Nifty 100 TRI 311 1191 1826 1468
Alpha 178 253 281 243
Kotak Bluechip Fund - Dir - Growth 315 1307 1812 1644
Nifty 50 TRI 3127 1288 1837 1414
Alpha 023 019 -025 23
Kotak India Growth Fund - Series IV - Dir - Growth 6903 1602 - -
Nifty 200 TRI 3214 1135 - -
Alpha 3689 467 - -
Kotak Pioneer Fund - Dir - Growth 5808 - - -
85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI
423 - - -
Alpha 1578 - - -
Kotak India Growth Fund - Series V - Dir - Growth 4674 - - -
Nifty 200 TRI 3214 - - -
Alpha 146 - - -
Active Funds Can Give Alpha
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
Less than 1 year Absolute returns Greater than 1 year CAGR
Our Funds Have Bounced From The Bottom
Source MFI Explorer As on 26th February 2021 Past performance may or may not sustain in the future Please consult your financial advisor orother professionals before acting on any information in thiscommunication Please refer to the disclaimer slides for scheme information
59
554
791840 853 855 864 906
9551001
12281308
Kotak BalancedAdvantage
Fund
Kotak EquityHybrid Fund
Kotak FlexicapFund
Kotak Tax SaverFund
Kotak EquityOpportunities
Fund
Kotak FocusedEquity Fund
Kotak BluechipFund
Kotak India EQContra Fund
Kotak EmergingEquity Fund
Kotak PioneerFund
Kotak SmallCap Fund
change in NAV of our funds when Nifty 50 was ~7610 (From 23rd Mar 2020 till 26th Feb 2021)
Regular growth Plans performance
Debt Market Outlook
March 2021
60
61
Source Bloomberg
Liquidity is Here To StayMarket may have misread RBI Signal
-9000
-8000
-7000
-6000
-5000
-4000
-3000
-2000
-1000
0
1000
5
55
6
65
7
75
Jun
-19
Jul-
19
Au
g-1
9
Sep
-19
Oct
-19
No
v-1
9
Dec
-19
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
India 10-Year Bond Yield (LHS)
India Banking System Liquidity (RHS)
INR Bn
bull Overnight rates will remain anchored at Reverse Repo rates longer than what market is pricing in bull RBI aims to normalize CRR in the near-term The CRR normalisation opens up space for a variety of market operations to inject
additional liquidity which may induce curve flattening
62
Fear of Liquidity Withdrawal Spooked The Mid-To-Long End (~2-7years) of The Curve
bull Yield Curve is now pricing in more negatives ndash liquidity tightening rate hikes etc
bull Yields have moved up across the curve especially mid to long end of the yield curve
Source Bloomberg
3
4
5
6
7
8
3M 6M 1Y 2Y 3Y 4Y 5Y 6Y 7Y 8Y 10Y 11Y 12Y 13Y 14Y 15Y 23Y 30Y 40Y
India Sovereign Curve ()
01-Mar-21 31-Dec-20 30-Jun-20
Opportunity of value creation exists in the longer end of the curve
The current yield curve is too steep enhancing the case to chase the carry in fixed income as opposed to capital gains
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
FII Activity in Debt Market
Source Axis Capital
USD Mn
63
(1494)
381
(8680)
(1434)
(2695)
402
(534)(142)
471 520 191 1080
(740) (391)
(10500)
(9000)
(7500)
(6000)
(4500)
(3000)
(1500)
0
1500
3000
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
Source MOSPI ICRASource Bloomberg RBI Internal Research Morgan Stanley Research
406
530
00
10
20
30
40
50
60
70
80
Mar
-15
May
-15
Jul-
15
Sep
-15
No
v-1
5
Jan
-16
Mar
-16
May
-16
Jul-
16
Sep
-16
No
v-1
6
Jan
-17
Mar
-17
May
-17
Jul-
17
Sep
-17
No
v-1
7
Jan
-18
Mar
-18
May
-18
Jul-
18
Sep
-18
No
v-1
8
Jan
-19
Mar
-19
May
-19
Jul-
19
Sep
-19
No
v-1
9
Jan
-20
Mar
-20
May
-20
Jul-
20
Sep
-20
No
v-2
0
Jan
-21
CPI Core CPI
Headline Inflation To Remain Range-bound Though Marginally Above The 4 Mark In The Near Term
bull We expect a prolonged pause from the MPC in FY22 and an accommodative stance until late FY22 at least
CPI is still likely to be above the medium-term target of 4 for most of H1-FY22 further rate cuts appear unlikely unless the economic environment worsens significantly
64
65
RBI Remains Committed on OMOOperation Twist To Fund Govt Borrowing
FY 21 (RE) FY 22 (BE)
Gross Market Borrowing 1279788 1205708
Source indiabudgetgovin Internal Estimates BE is Budgetary estimates RE is revised Estimates
(in Rs Crores)
INR 75000 cr OMOOperation Twist already done post budget borrowing announcement
Source CNBC
SDL Spreads Close To Peak Levels Attractive in Terms of Valuation
10yr Central Govt Gilt Yields vs 10yr SDL Yields
Source RBI Jefferies66
Current Spreads Look Attractive For Long Term Investors
Source Bloomberg Citi Research
Spread between 10year Gilt and 1year Gilt Yield MPCrsquos Focus on Term Premia Is Likely To Prevent Imminent Sharp Rise In Bond Yields
Incremental Spreads in 10 Year provides a good cushion to shocks
67
211
0
50
100
150
200
250
300
Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21
Case For Carry Corporate Bond Spreads Show Attractive Valuation Opportunity
Source Bloomberg Jefferies
Corporate AAA Bond Yield ()
68
444
558
3
35
4
45
5
55
6
65
7
75
Mar
-hellip
Ap
r-2
0
May
-hellip
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
1 Year AAA Corporate Bond
3 Year AAA Corporate Bond
450
500
550
600
650
700
750
800
850
1Y 2Y 3Y 4Y 5Y 7Y 10Y
01-Mar-21 29-Jan-21 31-Dec-19
India Corporate Bond Curve
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
69
Market Is Pricing In More Negative News
NABARD Yield Incremental Yield
adjusted for holding period
Protection for Rise in 10 yrNabard (bps)
Breakeven level10 yr Nabard
A 1 yr 425 After 1 yr
10 yr 715 29 051 766
B 2 yr 505 After 2 yr
10 yr 715 21+21=42 084 799
C 3 yr 56 After 3 yr
10 yr 715 155+155+155=455 103 818
Assuming investment HTM in short bonds for respective holding periods Adjusted is incremental yield for 2 yrmultiplied by 2 and 3 yr by 3
Source Internal Analysis The above illustration is not an indication of our portfolio
Debt Outlook
70
bull Liquidity is here to stay much longer than what market is fearing
bull Overnight rates are expected to gradually trend higher as normalisation of rates take place over the course of next 1 year
bull Fear of Liquidity withdrawal has led to sharp spike in OIS- swap yields in 1 yr at 392 and 2 yr at 435 this effectively means forward curve is pricing in almost 3 rate hikes of 25 bp each in Repo rate for the seller of the 2 yr swap to break even In our opinion is too soon and more than what the fundamental situation can justify purely based on inflation outlook
bull Inspite of the recent spike in crude oil prices average headline inflation for FY 22 is in the band of 5-525
bull With comfort on inflation reduction in gold imports stable to appreciating INR (High Fx reserves)We believe RBI will maintain a status quo along with its accommodative stance as there is no big urgency to rush for rate hikes
bull RBI while not giving OMO calendar is actually done decent amount of OMO till now and remain committed for more As the System isflush with liquidity and FX flows coming RBI is constrained to conduct aggressive OMO and add liquidity As the CRR cut reversal announced earlier will take out about 16 lac cr worth liquidity will increase the ability of the RBI to conduct outright OMO vs OT which will be more positive the long bonds
bull For investors it is best to stick to intended investment horizons as volatility would continue to be order of the day
bull Duration investors with appetite for volatility can look to invest in the Gilt Bond and Dynamic Bond Funds space
bull Investors looking for relatively higher YTM can consider Floating rate Fund Medium-Term Fund and Credit Risk Fund segment
bull Investors should stay invested across fixed income strategies ndash as ldquocarryrdquo assumes significance over ldquocapital gainsrdquo
Debt Investment Opportunity
71
Debt Funds Have Generated Good Returns For The Patient Investors
Source MFi Explorer Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to disclaimer slides for detailed performance and scheme information of the funds 72
Fund Name 3 Year Returns of Fund () (CAGR)
Kotak Gilt Fund 980
Kotak Dynamic Bond Fund 921
Kotak Banking and PSU Debt Fund 894
Kotak Bond Fund 879
Kotak Corporate Bond Fund 838
Kotak Bond Short Term Fund 815
Kotak Credit Risk Fund 702
Kotak Medium Term Fund 650
73
Kotak Dynamic Bond Fund Has Outperformed Over Long-Term Since 2018
928
600
650
700
750
800
850
900
950
1000
1050
Feb
-18
Ap
r-1
8
May
-18
Jul-
18
Au
g-1
8
Sep
-18
No
v-1
8
Dec
-18
Jan
-19
Mar
-19
Ap
r-1
9
Jun
-19
Jul-
19
Au
g-1
9
Oct
-19
No
v-1
9
Jan
-20
Feb
-20
Mar
-20
May
-20
Jun
-20
Jul-
20
Sep
-20
Oct
-20
Dec
-20
Jan
-21
Feb
-21
Rolling Returns()
Kotak Dynamic Bond Fund - Reg - Growth NIFTY Composite Debt Index
915
Credit funds carry credit risk and duration dynamic funds carry interest rate risk
Hence our advice to IFA distributors is that they allocate clients money in both dynamic and accrual funds from a 3 year perspective
Source ICRA As on 26th February 2021 The above returns is daily rolling returns for last 36months Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please refer to the disclaimer slides for detailed performance of the fund
Kotak Medium Term Fund
Fund YTM (As on 26 Feb 2021) Respective Segment YieldsIncremental Earnings
(Spread)
Kotak Medium Term Fund 699 3 Year AA 574 125
Source Bloomberg Data as on 26-Feb-2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for performance details amp scheme information
Mutual fund investment are subject to market risks read all scheme related documents carefully
26-Feb-2021 Average Maturity (Years) Modified Duration (Years) Macaulay Duration (Years)
378 263 281
bull Duration of the fund has come down as we expect normalisation of rates to take place over the course of next 1 year We see merit in running lower duration in Medium Term Fund
bull We believe Kotak Medium Term fund is a reasonably attractive investment option for investors with minimum 1 year investment horizon
74
Attractive Yields Across The Segment
Source Bloomberg Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for scheme details
Mutual fund investment are subject to market risks read all scheme related documents carefully 75
458
699 699
389
638 638
0
1
2
3
4
5
6
7
8
Kotak Low Duration Fund Kotak Credit Risk Fund Kotak Medium Term Fund
YTM () (As on 26 Feb 21) Respective Segment Yields ()
1 Year OIS
3 Year AA
3 Year AA
Incremental Spread 069
Incremental Spread 061
Incremental Spread 061
Distributor Engagement
76
Prostart ndash Video Learning Platform
1FINANCIAL PLANNING (10 VIDEOS)
2SOCIAL MEDIA MARKETING (14 VIDEOS)
3UNDERSTANDING RISK IN MFrsquoS (5 VIDEOS)
4TAXATION IN MFrsquoS (2 VIDEOS)
5NEW NORMAL (1 VIDEOS)
6MAXIMIZING DIGITAL CONNECTIONS (2 VIDEOS)
7HANDLING INVESTOR EMOTIONS (4 VIDEOS)
8ACQUIRING NEW CLIENTS (3 VIDEOS)
9THE NEXT WAVE (3 VIDEOS)
77
Over 25000 Participants
have viewed these Videos (Till Feb 2021)
Testimonials
ldquoGood Initiative developed by Kotak MF to enhance knowledge amp practical approach for MFDsrdquo -Md Qaise Ghazali
ldquoVery Knowledgeable Thank You Kotak MF Teamrdquo ndashVikas Jain
10DEBT DEMYSTIFIED (12 VIDEOS)
78
Business Dashboard
Transaction History
Distributor Initiated Transaction
Capital Gain and Account Statement
Prostart
Business Hub
More than 13574 IFArsquos are actively using Business Hub
Dont miss out on the benefits of Business Hub
Co-branding Marketing Material
Business opportunities
Stay Updated Follow us at Kotak Mutual Fund Click here to visit our YouTube Channel
How To Boost Business Using Business Hub
Product Video ndash Now Available In Different Languages
Kotak Bluechip Fund
Debt Market Outlook ndash March 2021
Kotak NASDAQ-100 FOF
How to make money through equity asset allocation (English)
Equity Market Outlook ndash March 2021
HindiGujaratiMarathiTeluguKannadaTamilMalayalamBengali
English ndash Mr Arjun Khanna amp Ms Lakshmi Iyer amp Mr Harsha Upadhyaya
Hindi - Mr Arjun Khanna
79
80
Please Follow Like And Share Kotak Mutual Fundrsquos Official Social Media Pages For Regular Updates
Twitter - KotakMF - httpstwittercomKotakMF
Facebook - KotakMF - httpsfacebookcomKotakMF
YouTube - Kotak Mutual Fund - httpswwwyoutubecomcKotakMutualFundOfficial
Instagram - Kotak Mutual Fund - httpsinstagramcomkotakmfigshid=kr86qg3u973n
LinkedIn - Kotak Mutual Fund - httpswwwlinkedincomcompanykotak-mutual-fund
ANNEXURES
81
Kotak MF Mantra lsquoReturn of Capitalrsquo is more important
Strong Promoters Cashflow backed business Liquidity and Asset Security are key to our investment ideas
82
Rating amp Category Breakup Across Kotak MF Open-Ended Debt Funds
Data As on 26 Feb 2021
We follow our investment process of focussing on credit quality and liquidity profile of our debt funds and maintain high degree of transparency for investors
Please consult your financial advisor or other professionals before acting on any information in this communication
It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Mutual fund investments are subject to market risks read all scheme related documents carefully
Feb-21 April-20
Credit Rating of Open-Ended Debt Funds of Total AUM of Total AUM
TbillG-SecSDLAAAA1+Cash 9393 9281
AA+ 228 165
AA 248 290
AA- 087 142
Below AA- 043 122
Grand Total (AUM) (INR Cr) 11895880 78624
The above rating allocation does not include NCA (Net Current Assets)
83
bull At Kotak MF we have zero borrowing across all our funds as on 26 Feb 2021
Mutual fund investments are subject to market risks read all scheme related documents carefully
Liquidity Position Of Kotak MF Debt Funds As said earlier our incremental allocation has gone into higher quality assets
Name of the Fund Fund Category of AUM in AAA (Long Term) or
A1+ (Short Term) Sovereign Debt Cash amp NCA (Dec 2020)
of AUM in AAA (Long Term) or A1+ (Short Term) Sovereign Debt
Cash amp NCA (Apr 2020)
Non-Credit Strategies
Kotak Liquid Fund Liquid 100 100
Kotak Money Market Fund Money Market 100 100
Kotak Corporate Bond Fund Corporate Bond 100 100
Kotak Bond Short Term Fund Short Duration 100 100
Kotak Bond Fund Medium to Long Duration 96 86
Kotak Dynamic Bond Fund Dynamic Bond 92 85
Kotak Savings Fund Ultra Short Duration 91 87
Kotak Banking and PSU Debt Fund
Banking and PSU 88 79
Kotak Low Duration Fund Low Duration 85 52
Credit Strategies
Kotak Medium Term Fund Medium Duration 63 50
Kotak Credit Risk Fund Credit Risk 36 27
As on 26 Feb 2021It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Please refer to the disclaimer slides for scheme details
The above rating allocation includes NCA (Net Current Assets)
84
Key Variables amp Their Impact On Interest Rates
Key VariablesShort Term
(3-6mo)Medium Term
(6mo-2yrs)Remarks ndash( Denotes fall in Interest Rates )
InflationHeadline CPI is expected to be in the range of 4-5 for the year Despite expansion of the fiscal deficit the quality ofspending appears to be non inflationary Inflation is unlikely to be area of problem in the year
Rupee
INR has been quite strong since last 3m curtsey strong FDI and FPI flows in equity Lat 1 yr also its marginallydepreciated We have FX reserves closes to 600 bn and given CAD and TD under control INR is expected to remain wellbid We believe in the absence of any geo political event INR is expected to be stable and shall appreciate as economicgrowth stabilizes RBI is keeping INR competitive on REER basis
Credit DemandGradually economy is opening up and Credit growth is expected to pickup as unlocking activity resumes and gains momentum post vaccination in phases However situation is fragile and this may accentuate the situation further However easy rates may help some demand pickup Till then credit growth will not impact rates negatively
Government Borrowing
Union budget has shocked the market by giving 80 extra borrowing for the current year in dated securities Next year also borrowing is on heavier side However we believe the govt RBI may have some credible plan to conduct the borrowing smoothly As the budget is non inflationary and otherwise also inflation is under control there is no reason for govt to give so high real rates hence we believe the RBI will pull some demand leveres such as index inclusion or OMO Will have to wait for MPC
RBI PolicyRbi has shown commitment in the past and there is no reason for taking the rates higher hence we believe RBI is expected to come up with some credible plan If they leave it to the market then we are headed for a tough time
Global Event RiskThe News of a Vaccine has triggered a risk-on event and lead to a sharp rally in risk asset and bonds were sold offHowever yields will look for growth which may not come in a hurry On the other hand the risk of a geopolitical eventis always open
Corporate bond SpreadWhile some green shoots seen but on an over all basis the economy is still struggling Short term spreads have seendecent compression unlikely to compress further meaningfully Long terms bonds still offer attractive spreads but likelyjust a carry trade
Debt FII flowWe have seen some traction coming in near term with revival of flows from the FPI in debt However its seems real flows will only be seen with index inclusion
Liquidity
Despite very high liquidity more than 1 yr yield is moving higher as the fear is RBI will remove accommodation sooner than later However we believe large part of the move is done 2-10 yr curve
85
Key Variables amp Their Impact On Equities
Key VariablesShort -term
Medium ndashterm
Remarks
EconomyWhile Covid-19 impacts economy there is likely to be sequential improvement as Indian economy unlocks
Corporate EarningsWhile Covid-19 impacts corporate India there is likely to be sequential improvement as Indian economy unlocks
FII FlowIndia stands out among global asset classes with prospects of strong long term growth given favorable demographics
DII Flow Long runaway of growth in financialization of savings
Supply of paperHigher disinvestment target and repair of leveraged balance sheet to create supply in markets
PolicyReform Initiative Expect improved reform momentum
Signify Growth 86
Disclaimers amp Disclosures
87
The information contained in this (document) is extracted from different public sources All reasonable care has been taken to ensure that the information contained hereinis 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 KotakMahindra Asset Management Co Ltd or any associated companies or any employee thereofWe are not soliciting any action based on this material and is for generalinformation only Investors should consult their financial advisors if in doubt about whether the product is suitable for them before investing
These materials are not intended for distribution to or use by any person in any jurisdiction where such distribution would be contrary to local law or regulation Thedistribution of this document in certain jurisdictions may be restricted or totally prohibited and accordingly persons who come into possession of this document arerequired to inform themselves about and to observe any such restrictions
Mutual Fund investments are subject to market risks read all scheme related documents carefully
Disclaimers amp Risk Factors
88
Scheme Inception date is 26052008 Mr Deepak Agrawal has been managing the fund since 25112012 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Dynamic Bond Fund As on 26 Feb 2021
Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Banking amp PSU Debt Fund As on 26 Feb 2021
89
Dec 29 1998Kotak Banking and PSU
Debt Fund - GrowthCRISIL Banking and PSU
Debt Index ALPHA CRISIL 1 Year Tbill
Kotak Banking and PSU Debt Fund - Growth
CRISIL Banking and PSU Debt Index
CRISIL 1 Year TBill
Since Inception 753 NA NA 662 50043 NA 41450
Last 1 Year 744 632 112 547 10742 10630 10546
Last 3 Years 894 868 026 665 12926 12834 12127
Last 5 Years 846 854 -008 656 15006 15064 13739
May 26 2008Kotak Dynamic Bond
Fund - GrowthNIFTY Composite Debt
Index ALPHA CRISIL 1 Year TBill
Kotak Dynamic Bond Fund - Growth
NIFTY Composite Debt Index
CRISIL 1 Year TBill
Since Inception 860 846 014 648 28659 28180 22287
Last 1 Year 685 790 -105 547 10683 10788 10546
Last 3 Years 921 934 -013 665 13022 13068 12127
Last 5 Years 912 868 044 656 15470 15161 13739
Scheme Inception date is 06032008 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Low Duration Fund As on 26 Feb 2021
Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Fund As on 26 Feb 2021
90
Mar 06 2008Kotak Low Duration
Fund - GrowthNIFTY Low Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Low Duration Fund - Growth
NIFTY Low Duration Debt Index
CRISIL 1 Year TBill
Since Inception 769 827 -058 648 26178 28053 22605
Last 1 Year 669 594 075 547 10667 10592 10546
Last 3 Years 760 723 037 665 12455 12326 12127
Last 5 Years 774 735 039 656 14514 14256 13739
Nov 25 1999Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
ALPHA CRISIL 10 Year Gilt Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 878 NA NA NA 59893 NA NA
Last 1 Year 672 765 -093 493 10670 10763 10492
Last 3 Years 879 912 -033 894 12872 12990 12927
Last 5 Years 800 859 -058 734 14692 15093 14246
Scheme Inception date is 02052002 Mr Deepak Agrawal has been managing the fund since 11072007 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Short Term Fund on 26 Feb 2021
Scheme Inception date is 21092007 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Corporate Bond Fund on 26 Feb 2021
91
May 02 2002Kotak Bond Short Term
Fund - GrowthNIFTY Short Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Bond Short Term Fund - Growth
NIFTY Short Duration Debt Index
CRISIL 1 Year TBill
Since Inception 772 793 -021 607 40606 42094 30324
Last 1 Year 720 797 -077 547 10718 10794 10546
Last 3 Years 815 828 -013 665 12648 12692 12127
Last 5 Years 785 808 -024 656 14585 14746 13739
Sep 21 2007Kotak Corporate Bond
Fund - GrowthCRISIL Corporate Bond
Composite Index ALPHA CRISIL 1 Year TBill
Kotak Corporate Bond Fund - Growth
CRISIL Corporate Bond Composite Index
CRISIL 1 Year TBill
Since Inception 818 939 -120 645 28790 33407 23163
Last 1 Year 741 793 -052 547 10739 10791 10546
Last 3 Years 838 894 -057 665 12726 12927 12127
Last 5 Years 830 885 -055 656 14898 15277 13739
Scheme Inception date is 11052010 Mr Deepak Agrawal has been managing the fund since 12042010 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Credit Risk Fund As on 26 Feb 2021
Scheme Inception date is 21032014 Mr Deepak Agrawal has been managing the fund since 22062015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Medium Term Fund As on 26 Feb 2021
92
May 11 2010Kotak Credit Risk Fund -
GrowthNIFTY Credit Risk Bond
Index ALPHA CRISIL 1 Year TBill
Kotak Credit Risk Fund -Growth
NIFTY Credit Risk Bond Index
CRISIL 1 Year TBill
Since Inception 808 930 -121 671 23159 26128 20167
Last 1 Year 455 987 -532 547 10453 10984 10546
Last 3 Years 702 900 -198 665 12253 12946 12127
Last 5 Years 755 900 -145 656 14384 15380 13739
Mar 21 2014Kotak Medium Term
Fund - GrowthNIFTY Medium Duration
Debt Index ALPHA CRISIL 10 Year Gilt
Kotak Medium Term Fund - Growth
NIFTY Medium Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 812 900 -088 826 17192 18192 17350
Last 1 Year 456 873 -417 493 10455 10871 10492
Last 3 Years 650 902 -252 894 12078 12954 12927
Last 5 Years 730 863 -133 734 14218 15121 14246
Kotak Balanced Advantage Fund Performance as on 26 Feb 2021
Scheme Inception date is 03082018 Mr Harish Krishnan Mr Abhishek Bisen have been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the periodhave been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point(PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark Alpha is difference ofscheme return with benchmark return
Kotak Debt Hybrid Fund Performance as on 26 Feb 2021
Scheme Inception date is 02122003 Mr Abhishek Bisen has been managing the fund since 01042008 Mr Devender Singhal has been managing the fund since 25082015Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (CompoundedAnnualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of SchemeBenchmark Name of Additional BenchmarkThe performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark returnTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant(PRI)The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using compositeCAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return 93
Aug 03 2018Kotak Balanced
Advantage Fund -Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA Nifty 50 TRI
Kotak Balanced Advantage Fund -
Growth
NIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1092 1167 -075 1130 13052 13281 13166
Last 1 Year 1849 2142 -292 3137 11844 12135 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Dec 02 2003Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
ALPHA CRISIL 10 Year Gilt Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
CRISIL 10 Year Gilt
Since Inception 809 855 -045 582 38280 41141 26537
Last 1 Year 1502 1166 336 493 11497 11162 10492
Last 3 Years 923 1010 -086 894 13030 13341 12927
Last 5 Years 1046 1030 017 734 16443 16319 14246
Kotak Asset Allocator Fund as on 26 Feb 2021
Scheme Inception date is 09082004 Mr Devender Singhal amp Mr Arjun Khanna has been managing the fund since 09052019 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using composite CAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return
Scheme Inception date is 29121998 Mr Abhishek Bisen has been managing the fund since 15042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Gilt Fund As on 26 Feb 2021
94
Aug 09 2004Kotak Asset Allocator
Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA SampP BSE SENSEX TRI
Kotak Asset Allocator Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index SampP BSE SENSEX TRI
Since Inception 1578 1221 357 1579 113266 67426 113398
Last 1 Year 2928 2142 786 3000 12919 12135 12990
Last 3 Years 1462 1199 262 1422 15051 14043 14894
Last 5 Years 1464 1355 109 1789 19793 18868 22764
Dec 29 1998Kotak Gilt Fund -
GrowthNIFTY All Duration G-Sec
Index ALPHA CRISIL 10 Year Gilt
Kotak Gilt Fund -Growth
NIFTY All Duration G-Sec Index
CRISIL 10 Year Gilt
Since Inception 951 NA NA NA 74952 NA NA
Last 1 Year 768 641 128 493 10766 10639 10492
Last 3 Years 980 1001 -021 894 13234 13311 12927
Last 5 Years 892 848 044 734 15325 15020 14246
Kotak Pioneer Fund as on 26 Feb 2021
Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Different plans have different expense structure The performance details provided herein are of regular plan 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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
95
Oct 31 2019Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
ALPHA Nifty 50 TRI Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
Nifty 50 TRI
Since Inception 3678 2467 1211 1752 15149 13397 12386
Last 1 Year 5550 4230 1320 3137 15531 14216 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Feb 25 2008Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
ALPHA Nifty 50 TRI
Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
Nifty 50 TRI
Since Inception 719 133 586 951 24675 11876 32619
Last 1 Year 2940 3064 -124 3137 12931 13054 13127
Last 3 Years 405 243 162 1288 11265 10746 14378
Last 5 Years 1332 1089 243 1729 18676 16760 22189
Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 01022015
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Infrastructure amp Economic Reform Fund as on 26 Feb 2021
96
Feb 20 2018Kotak India Growth Fund -
Series IV - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series IV - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1462 1173 289 1328 15099 13979 14570
Last 1 Year 6667 3224 3443 3137 16644 13214 13127
Last 3 Years 1471 1135 335 1288 15087 13803 14378
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 20022018 Mr Devender Singhal has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak India Growth Fund Series IV as on 26 Feb 2021
Kotak India Growth Fund Series V as on 26 Feb 2021
May 15 2018Kotak India Growth Fund -
Series V - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series V - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1389 1146 243 1265 14372 13534 13939
Last 1 Year 4661 3224 1437 3137 14646 13214 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak Smallcap Fund Performance as on 26 Feb 2021
Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the TotalReturn variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
97
Kotak Smallcap Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1930000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 8187177 3266871 1617790 1001229 576604 190906
Scheme Returns () 1620 1905 1843 2067 3331 12808
NIFTY Smallcap 100 (TRI) Returns () 1048 1159 1036 1161 2174 12178
Alpha 572 746 808 905 1158 630
NIFTY Smallcap 100 (TRI) (Rs) 4794025 2190608 1213472 802393 493594 187746
Nifty 50 (TRI) (Rs)^ 5809863 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1256 1341 1364 1570 1947 6633
Scheme Inception - February 242005 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Feb 24 2005Kotak Smallcap Fund -
GrowthNIFTY Smallcap 100 TRI ALPHA Nifty 50 TRI
Kotak Smallcap Fund -Growth
NIFTY Smallcap 100 TRI Nifty 50 TRI
Since Inception 1648 1274 375 1440 115182 68229 86309
Last 1 Year 5224 4358 866 3137 15207 14344 13127
Last 3 Years 1309 -017 1326 1288 14460 9950 14378
Last 5 Years 2040 1419 622 1729 25291 19406 22189
Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) Performance as on 26 Feb 2021
98
Kotak Flexi Cap Fund (Previously known as Kotak Select Standard Multi Cap Fund)
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1380000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 3453492 2729977 1380165 856388 468086 156611
Scheme Returns () 1505 1571 1397 1426 1792 6240
Nifty 200 (TRI) Returns () 1288 1368 1351 1514 1931 6874
Alpha 218 204 045 -088 -139 -634
Nifty 200 (TRI) (Rs) 3011611 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 2974930 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1268 1341 1364 1570 1947 6633
Scheme Inception - September 11 2009 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 11 2009Kotak Flexi Cap Fund -
GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak Flexi Cap Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1391 1156 235 1140 44527 35062 34492
Last 1 Year 2497 3224 -727 3137 12489 13214 13127
Last 3 Years 1082 1135 -054 1288 13604 13803 14378
Last 5 Years 1738 1719 020 1729 22274 22089 22189
Kotak Emerging Equity Fund Performance As on 26 Feb 2021
Scheme Inception date is 30032007 Mr Pankaj Tibrewal has been managing the fund since 27052010 Different plans have different expense structure The performance detailsprovided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circulardated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha isdifference of scheme return with benchmark return
99
Kotak Emerging Equity Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1680000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 6176383 3334607 1562085 940171 526485 173627
Scheme Returns () 1705 1943 1745 1807 2647 9422
Nifty Midcap 100 (TRI) Returns () 1388 1480 1370 1440 2237 9753
Alpha 316 463 375 368 410 -332
Nifty Midcap 100 (TRI) (Rs) 4795200 2599125 1367070 859342 497885 175354
Nifty 50 (TRI) (Rs)^ 4226246 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1229 1341 1364 1570 1947 6633
Scheme Inception - March 30 2007 The returns are calculated by XIRR approach assuming investment of 10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Mar 30 2007Kotak Emerging Equity
Fund - GrowthNifty Midcap 100 TRI ALPHA Nifty 50 TRI
Kotak Emerging Equity Fund - Growth
Nifty Midcap 100 TRI Nifty 50 TRI
Since Inception 1320 1332 -012 1138 56228 57054 44823
Last 1 Year 3676 3998 -322 3137 13664 13985 13127
Last 3 Years 1207 679 528 1288 14070 12177 14378
Last 5 Years 1997 1624 372 1729 24836 21217 22189
Kotak Tax Saver Fund Performance as on 26 Feb 2021
Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
100
Kotak Tax Saver Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1840000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5208479 2557585 1384584 874589 483657 158907
Scheme Returns () 1251 1450 1406 1511 2027 6660
Nifty 500 (TRI) Returns () 1244 1387 1367 1525 1992 7206
Alpha 007 063 038 -014 035 -546
Nifty 500 (TRI) (Rs) 5177617 2472906 1365740 877640 481312 161867
Nifty 50 (TRI) (Rs)^ 5074950 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1221 1341 1364 1570 1947 6633
Scheme Inception - November 23 2005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initialand final value and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Nov 23 2005Kotak Tax Saver Fund -
GrowthNifty 500 TRI ALPHA Nifty 50 TRI
Kotak Tax Saver Fund -Growth
Nifty 500 TRI Nifty 50 TRI
Since Inception 1217 1303 -085 1328 57797 64882 67113
Last 1 Year 2685 3347 -662 3137 12677 13337 13127
Last 3 Years 1219 1086 133 1288 14116 13621 14378
Last 5 Years 1741 1731 010 1729 22304 22207 22189
Kotak Equity Opportunities Fund Performance as on 26 Feb 2021
Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012 Different plans have different expense structure The performance details provided hereinare of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRAMFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
101
Kotak Equity Opportunities Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1980000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 7635338 2664264 1403160 880871 486395 158045
Scheme Returns () 1478 1526 1443 1540 2067 6502
Nifty 200 (TRI) Returns () 1281 1368 1351 1514 1931 6874
Alpha 197 158 092 026 136 -373
Nifty 200 (TRI) (Rs) 6308482 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 6292270 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1279 1341 1364 1570 1947 6633
Scheme Inception - September 09 2004 The returns are calculated by XIRR approach assuming investment of Rs 10000- 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 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 TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 09 2004Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI ALPHA Nifty 50 TRI Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1831 1537 294 1555 159694 105534 108232
Last 1 Year 2771 3224 -453 3137 12762 13214 13127
Last 3 Years 1158 1135 023 1288 13887 13803 14378
Last 5 Years 1791 1719 072 1729 22776 22089 22189
Kotak Bluechip Fund Performance as on 26 Feb 2021
Since inception date of Kotak Bluechip Fund - Reg Growth is 4022003 Mr Harish Krishnan has been managing the fund since 01012014Different plans have different expense structure Theperformance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000-investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 theperformance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the schemebenchmark performance is calculated using composite CAGR of SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Since Inception date of KotakBluechip Fund- Dividend plan is 29121998 Alpha is difference of scheme return with benchmark return
102
Kotak Bluechip Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 2170000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 9909049 2429408 1342358 867738 482271 158190
Scheme Returns () 1497 1354 1319 1479 2006 6528
Nifty 50 (TRI) Returns () 1393 1341 1364 1570 1947 6633
Alpha 103 013 -045 -091 059 -105
Nifty 50 (TRI) (Rs) 8857197 2412890 1363994 887303 478297 158761
SampP BSE SENSEX (TRI) (Rs)^ 9110194 2472879 1393707 907359 481833 157647
SampP BSE SENSEX (TRI) Returns () 1419 1387 1424 1662 2000 6429
Scheme Inception - December 29 1998 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the scheme benchmark SIP Performance is calculated by taking SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Alpha is difference of scheme return with benchmark return
Feb 04 2003Kotak Bluechip Fund -
GrowthNifty 50 TRI ALPHA SampP BSE SENSEX TRI
Kotak Bluechip Fund -Growth
Nifty 50 TRI SampP BSE SENSEX TRI
Since Inception 1967 1722 246 1738 256865 176573 181028
Last 1 Year 3007 3137 -130 3000 12998 13127 12990
Last 3 Years 1181 1288 -107 1422 13975 14378 14894
Last 5 Years 1575 1729 -154 1789 20767 22189 22764
Kotak India EQ Contra Fund as on 26 Feb 2021
Jul 27 2005Kotak India EQ Contra
Fund - GrowthNifty 100 TRI ALPHA Nifty 50 TRI
Kotak India EQ Contra Fund - Growth
Nifty 100 TRI Nifty 50 TRI
Since Inception 1321 1408 -088 1388 69209 78041 75924
Last 1 Year 3123 3120 003 3137 13113 13110 13127
Last 3 Years 1293 1191 102 1288 14396 14010 14378
Last 5 Years 1830 1719 110 1729 23155 22098 22189
Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
103
Kotak India EQ Contra Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1880000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5753810 2581589 1412974 907013 487708 163570
Scheme Returns () 1309 1467 1463 1660 2087 7522
Nifty 100 (TRI) Returns () 1268 1363 1351 1519 1891 6526
Alpha 041 104 112 141 195 996
Nifty 100 (TRI) (Rs) 5543589 2441380 1357611 876201 474636 158175
Nifty 50 (TRI) (Rs)^ 5371562 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1233 1341 1364 1570 1947 6633
Scheme Inception - July 272005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initial and finalvalue and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Other Funds Managed by Mr Deepak Agarwal
Mr Deepak Agrawal manages 12 funds amp All FMPs of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan (Kotak Bond Short Term Fund (May 02 02) Kotak Dynamic Bond Fund (May 26 08) Kotak Money Market Fund (Nov 25 07) Kotak Liquid Fund (Nov 04 03) Kotak Banking and PSU Debt Fund (Dec 29 98) Kotak Savings Fund (Jul 11 07) Kotak Credit Risk Fund (May 11 10) Kotak Medium Term Fund (Mar 21 14) Kotak Low Duration Fund (Jan 31 15) Kotak Corporate Bond Fund (Sep 21 07) Kotak Overnight Fund (Jan 15 19) All Fixed Maturity Plans in existence (Aug 1315) Kotak Floating Fund (May 14 2019)
Kotak Floating Rate Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 14052019 Mr Deepak Agrawal has been managing the fund since 14052019Kotak Banking and PSU Debt Fund - Growth Name of the Benchmark - CRISIL Banking and PSU Debt Index Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008Kotak Savings Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 13082004 Mr Deepak Agrawal has been managing the fund since 01042008Kotak Liquid Fund - Growth Name of the Benchmark - NIFTY Liquid Index Scheme Inception date is 04112003 Mr Deepak Agrawal has been managing the fund since 01052007Kotak Overnight Fund - Growth Name of the Benchmark - NIFTY 1D Rate Index Scheme Inception date is 15012019 Mr Deepak Agrawal has been managing the fund since 15012019Kotak Money Market Fund - Growth Name of the Benchmark - NIFTY Money Market Index Scheme Inception date is 14072003 Mr Deepak Agrawal has been managing the fund since 01112006
104
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Floating Rate Fund - Growth 808 514 NA NA NA NA 772 610
Kotak Banking and PSU Debt Fund - Growth 744 632 894 868 846 854 753 NA
Kotak Savings Fund - Growth 524 514 684 696 705 716 760 797
Bottom 3
Kotak Money Market Fund - Growth 520 471 692 638 699 672 728 742
Kotak Liquid Fund - Growth 377 388 577 582 627 624 715 717
Kotak Overnight Fund - Growth 296 312 NA NA NA NA 429 443
Funds Managed by Mr Harsha Upadhyaya
Mr Harsha Upadhyaya manages 4 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Opportunities Fund (Sep 9 04) Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) (Sep 11 09) Kotak Tax Saver Fund (Nov 2305)
Funds Managed by Mr Pankaj Tibrewal
Mr Pankaj Tibrewal manages 3 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Small Cap Fund (Feb 2405) Kotak Emerging Equity Fund (Mar 3007) Kotak Equity Hybrid Fund (Nov 2599) Kotak Smallcap Fund - Growth Name of the Benchmark - NIFTY Smallcap 100 TRI Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010 Kotak Equity Hybrid Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008
105
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Equity Opportunities Fund - Growth 2771 3224 1158 1135 1791 1719 1831 1537
Kotak Tax Saver Fund - Growth 2685 3347 1219 1086 1741 1731 1217 1303
Kotak Flexi Cap Fund - Growth 2497 3224 1082 1135 1738 1719 1391 1156
Kotak ESG Opportunities Fund - Growth Kotak ESG Opportunities Fund has not yet completed 1 year from Inception the performance of the scheme is not disclosed
Kotak Equity Opportunities Fund - Growth (Erstwhile Kotak Opportunities) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012
Kotak Tax Saver Fund - Growth Name of the Benchmark - Nifty 500 TRI Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015
Kotak Flexi Cap Fund - Growth (Erstwhile Kotak Standard Multicap Fund) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Small Cap Fund - Growth 5224 4358 1309 -017 2040 1419 1648 1274
Kotak Emerging Equity Fund - Growth 3676 3998 1207 679 1997 1624 1320 1332
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Funds Managed by Mr Hiten Shah
Mr Hiten Shah manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Balanced Advantage Fund (Aug 03 18) Kotak Equity Savings Fund (Oct 13 2014) Kotak Equity Arbitrage Fund (Sep 29 05) Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Equity Arbitrage Fund - Growth Name of the Benchmark - Nifty 50 Arbitrage Index Scheme Inception date is 29092005 Mr Hiten Shah has been managing the fund since 03102019
Funds Managed by Ms Shibani Kurian
Ms Shibani Kurian manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak India EQ Contra Fund - Growth (July 27 05) Kotak India Growth Fund Series 7 (Aug 31 18) Kotak Focused Equity fund (Jul 16 19) Kotak India EQ Contra Fund - Growth (Erstwhile Classic Equity Fund) Name of the Benchmark - Nifty 100 TRI Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak India Growth Fund - Series 7 - Growth Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 31082018 Ms Shibani Kurian has been managing the fund since 09052019
106
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Balanced Advantage Fund - Growth 1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Kotak Equity Arbitrage Fund - Growth 354 186 539 454 577 484 713 NA
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak India EQ Contra Fund - Growth 3123 3120 1293 1191 1830 1719 1321 1408
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak India Growth Fund - Series 7 - Growth 2018 3137 NA NA NA NA 1042 1037
Other Funds Managed by Mr Harish Krishnan
Mr Harish Krishnan manages 7 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak BluechipFund (Feb 04 03) Kotak Infrastructure amp Economic Reform Fund (Feb 25 08) Kotak India Growth Fund Series 5 (May1518) Kotak Balanced Advantage Fund (Aug 0318) Kotak Equity Savings Fund (Oct 13 14) Kotak Focused Equity fund (Jul 16 19) Kotak Pioneer Fund (Oct 31 19
Kotak Pioneer Fund - Growth Name of the Benchmark - 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Kotak India Growth Fund Series 5- Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018Kotak Bluechip Fund - Growth (Erstwhile Kotak 50) Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 04022003 Mr Harish Krishnan has been managing the fund since 15112013Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Infrastructure and Economic Reform Fund - Growth Name of the Benchmark - India Infrastructure Index (Customised Index by IISL) Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 31012015
107
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Pioneer Fund - Growth 5550 4230 NA NA NA NA 3678 2467
Kotak India Growth Fund - Series 5 - Growth 4661 3224 NA NA NA NA 1389 1146
Kotak Bluechip Fund - Growth 3007 3137 1181 1288 1575 1729 1967 1722
Bottom 3
Kotak Infrastructure and Economic Reform Fund -Growth
2940 3064 405 243 1332 1089 719 133
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Other Funds Managed by Mr Abhishek Bisen
Mr Abhishek Bisen manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Hybrid Fund (Nov 05 2014) Kotak Debt Hybrid Fund (Dec 02 03) Kotak Bond Fund (Regular Plan) (Apr 15 08) Kotak Gilt Fund (Regular amp PF-Trust) (Dec 29 98) Kotak Equity Savings Fund (Oct 13 14) Kotak Gold ETF (Jul 27 07) Kotak Gold Fund (Mar 25 11) Kotak Balanced Advantage Fund (Aug 03 18)
Kotak Gold Fund - Growth Name of the Benchmark - Price of Gold Scheme Inception date is 25032011 Mr Abhishek Bisen has been managing the fund since 04032011Kotak Gold ETF Name of the Benchmark - Price of Gold Scheme Inception date is 27072007 Mr Abhishek Bisen has been managing the fund since 15042008 amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Equity Hybrid Fund - Growth (Erstwhile Kotak Balance) Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 and Kotak Equity Hybrid Fund - Regular plan scheme inception date is 3rd November 2014 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008Kotak Bond Fund - Growth Name of the Benchmark - NIFTY Medium to Long Duration Debt Index Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Balanced Advantage Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 5050 Index Scheme Inception date is 03082018 Mr Abhishek Bisen amp Mr Harish Krishnan has been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019
108
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Kotak Balanced Advantage Fund - Growth1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth1314 963 790 704 934 816 837 719
Bottom 3
Kotak Gold Fund - Growth 741 765 1445 1467 887 860 671 815
Kotak Gold ETF 710 765 1380 1467 764 860 1178 1290
Kotak Bond Fund - Growth 672 765 879 912 800 859 878 NA
Other Funds Managed by Mr Devender Singhal
Mr Devender Singhal manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak DebtHybrid Fund - Growth (Dec 02 03) Kotak India Growth Fund Series-4 (Feb 14 18) Kotak NV20 ETF (Dec 01 15) Kotak Banking ETF (Dec 10 14) Kotak Sensex ETF (Jun 06 08) Kotak Asset AllocatorFund (Aug 09 04) Kotak PSU Bank ETF (Nov 08 07) Kotak Nifty ETF (Feb 02 10)
Kotak India Growth Fund - Series 4 - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 14022018 Mr Devender Singhal has been managing the fund since 24012019Kotak NV20 ETF - Name of the Benchmark Nifty 50 Value 20 TRI Scheme Inception date is 01122015 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Sensex ETF Name of the Benchmark - SampP BSE SENSEX TRI Scheme Inception date is 06062008 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Nifty ETF Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 02022010 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Banking ETF Name of the Benchmark - Nifty Bank TRI Scheme Inception date is 10122014 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak PSU Bank ETF - Name of the Benchmark Nifty PSU Bank TRI Scheme Inception date is 08112007 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019
109
Scheme Name
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak India Growth Fund - Series 4 -Growth
6667 3224 1471 1135 NA NA 1462 1173
Kotak NV20 ETF 3937 4355 1526 1660 1902 2002 1643 1620
Kotak Nifty ETF 3078 3137 1261 1288 1647 1729 1044 1181
Bottom 3
Kotak Sensex ETF 2955 3000 1390 1422 1696 1789 982 1097
Kotak PSU Bank ETF 2203 2303 -876 -807 248 359 -163 -014
Kotak Banking ETF 1749 1948 1108 1183 2008 2068 1087 1132
Fund Type of Scheme
Kotak Equity Opportunities Fund Large amp Mid Cap Fund - An open ended equity scheme investing in both large cap and mid cap stocks
Kotak Small Cap Fund Small cap fund - An open-ended equity scheme predominantly investing in small cap stocks
Kotak Emerging Equity Fund Mid Cap Fund - An open ended equity scheme predominantly investing in mid cap stocks
Kotak Tax Saver Fund An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
Kotak Balanced Advantage Fund Open ended Dynamic Asset Allocation Fund
Kotak Pioneer Fund An open ended equity scheme investing in pioneering innovations theme
Kotak India EQ Contra Fund An open-ended equity scheme following contrarian investment strategy
Kotak Debt Hybrid Fund An open ended hybrid scheme investing predominantly in debt instruments
Kotak Bluechip Fund Large cap fund - An open-ended equity scheme predominantly investing in large cap stocks
Kotak Asset Allocator FundAn open ended fund of fund scheme investing in specified open-ended equity and debt Schemes of Kotak Mahindra
Mutual Fund
Kotak Equity Arbitrage Fund An open ended scheme investing in arbitrage opportunities
Kotak Equity Savings Fund An open ended scheme investing in equity arbitrage and debt
Kotak Flexicap Fund Flexicap Fund - An open ended dynamic equity scheme investing across large cap mid cap small cap stocks
Kotak Focused Equity Fund An open ended equity scheme investing in maximum 30 stocks in large-cap mid-cap and small-cap category
Kotak Floating Rate Fund An open ended debt scheme predominantly investing in floating rate instruments
Kotak Equity Hybrid Fund An open-ended hybrid scheme investing predominantly in equity and equity related instruments
Kotak International REIT FoFAn open ended fund of fund scheme investing in units of SMAM ASIA REIT Sub Trust fund andor other similar overseas
REIT funds
Kotak ESG Opportunities FundAn open ended equity scheme which follows the Environment Social and Governance (ESG) theme with flexibility of
investing across market capitalization 110
Fund Type of Scheme
Kotak Overnight Fund An open ended debt scheme investing in overnight securities
Kotak Gilt Fund An open ended debt scheme investing in government securities across maturity
Kotak Money Market Fund An open ended debt scheme investing in money market instruments
Kotak Savings Fund An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months
Kotak Bond Short Term Fund An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years
Kotak Corporate Bond Fund An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds
Kotak Credit Risk Fund An open ended debt scheme predominantly investing in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds)
Kotak Banking amp PSU Debt Fund An open ended debt scheme predominantly investing in Debt instruments of banks Public Sector Undertakings Public Financial Institutions and Municipal Bonds
Kotak Liquid Fund An open ended liquid scheme
Kotak Low Duration Fund An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months
Kotak Medium Term Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years
Kotak Dynamic Bond Fund An open ended dynamic debt scheme investing across duration
Kotak Bond Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years
Kotak India Growth Fund Series 5
Multicap Fund - A 1099 days close ended equity scheme investing across large cap midcap and small cap stocks
Kotak India Growth Fund Series 4
Multicap Fund - A 36 months close ended equity scheme investing across large cap midcap and small cap stocks
Kotak Infrastructure amp Economic Reform Fund
An open ended equity scheme following Infrastructure amp Economic Reform theme
111
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 112
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 113
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 114
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 115
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 116
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector biasKotak India Growth Series 4
Kotak India Growth Series 5bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector bias
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 117
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 118
Kotak Liquid Fund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Thank You
Stay Safe Stay Healthy and Stay Invested
119
US Federal Government Budget Deficit amp Borrowing Has Gone Up Significantly
6Source US Treasury Department yardenicom
(billion dollars)
Solid Breadth Of Companies Beating Earnings Estimates Across Regions
7Source Bloomberg Finance LP Deutsche Bank
Market Likely Driven By Excess Personal Savings
8
US Excess Personal Savings
Source BEA Haver Analytics Morgan Stanley Research forecasts as of Jan 25 2021
US Retail Investors Plan To Put A Significant Chunk Of Any Forthcoming Stimulus Into The Stock Market
9
Planned proportion of stimulus amount in stock market investment if received in 2021 ()
Source dbDIG Survey Deutsche Bank Asset Allocation
Surge In US Inflation Expectation Continues UnabatedNow at Its Highest Level In Over 8 Years
10Source Compoundadvisorscom
Commodity Prices Are Rising But Not Yet To Dramatic Levels of 2007-08
11Source Refinitiv
lndian Economy
12
Headlines In Feb 21
13
Source Business Today
Source Bloomberg Quint
Updated on Feb 09 2021 0701 PM IST
Headlines In Feb 21
14
Source Business Standard
Source Bloomberg Quint
Company Registration Jumps 21 in April ndash Decrsquo20
15Source MCA
Sharp growth was due to the progression of smaller firms and LLPs towards forming companies as growth picked up along with improved facilitation through digital services
Indiarsquos Debt To GDP VS Major Economies
16Source Economic Survey 2020-21
Indiarsquos Public Debt To GDP Has Been Significantly Low Compared To Other Countries
Governmentrsquos Reform Momentum To Bolster Potential Growth
17Source Elara Securities
18
V Shaped Recovery
Source HIS Markit Bloomberg Index reading above 50 signals growth Score is generated on the three-month weighted averages of the indicators against the past thirty months of historical data
Domestic and overseas demand hold up for Indian companies
Nomura India Business Resumption Index Is Almost At Pre-Pandemic Levels
19
The resurgence of COVID-19 could represent a downside risk
Source Google Apple CMIE Bloomberg and Nomura Global Economics
PLI Schemes Can Add 16 To FY27 GDP amp Encourage Domestic Industry
Source RAVE Credit Suisseestimates 20
Real Estate Should Support Economic Recovery
Source The BLOOMBERG PROFESSIONALTM service Credit Suisse estimates
Mortgage rates have fallen to record lowsAffordability levels at all-time high
Source SBI HDFC Jefferies 21
Budget Aims For Ambitious Infra Spending In FY22
22
Budget has laid ambitious target for FY22 spending Infrastructure capex allocation for FY22 is steep execution key
Source Budget Elara Securities Research
Risk
23
Covid 19 Isnrsquot Yet Over
24Source Times of India
Upside Risks To Inflation Remain
25
Source CEIC UBS
RBI Survey Indicates Confidence Still Lagging
26Source RBI
Unemployment is Down but Income
27
CMIE Series of Unemployment unemployment rate (UER) (gt=15)
Unemployment Rate 30 day moving average ()
Unemployment Rate01 Mar 2021
Source CMIEcom
Equity Markets
28
Sare Jahan Se Acha Hindustan Hamara
Source Axis Capital29
-240
-168
-79
-72
-56
-26
-18
39
266(USD bn)
12 MONTHS FPI FLO W (Feb20 to Feb21)
India
Brazil
Indonesia
Philippines
Malaysia
South Africa
Thailand
Taiwan
South Korea
Source Bloomberg Axis Capital As on 28th February 2021 Past Performance may or may not sustain in the future
Performance Across Market Cap
Performance as on 28th Feb 2021 Sectoral Performance CY20 YTD ()
66
113 122
297
386 418
115
58
(12)
156 151 130
105 122
92
(10)
0
10
20
30
40
50
Nifty-50 Nifty Midcap 100 NSE SmallCap 100
1m returns 1y returns 3 yr CAGR 5 yr CAGR 10 yr CAGR
14
12
4
17
11 11 11 11
8
65
0
-1
-5
-8
Sma
llcap
10
0
Mid
cap
100
NIF
TY
50
Me
tals
Rea
lty
Ban
k
Ener
gy
Au
to
Pri
vate
Ban
ks
Fin
anci
als
Secv
ice
s
IT S
erv
ice
s
Me
dia
FMC
G
Ph
arm
a
30
Bumper Results for Dec 20 Quarter
31
Source MOSL Research
193 Cos Actual Expected
Sales 0 -2
EBITDA 19 15
PBT 33 20
PAT 31 17
NIFTY 50 Cos Actual Expected
Sales -1 -2
EBITDA 15 10
PBT 23 9
PAT 22 7
Significant Profit Pool Expansion Seen In PSU Banks Cement Auto And Auto Ancillary And Metals
32
Source ICICI Securities Internal Analysis Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
Profit Growth By Sectors
Nifty Earnings Are Expected To Accelerate Sharply Over Next Two Years
33Source NSE Company data IIFL Research Note Based on IIFL estimates
236 285 310 333
372 402 404 386
418 414
483 457 508
685
796
(41)
207
89 74
117
81
05
(45)
83
(10)
167
(54)
111
349
163
(10)
(5)
0
5
10
15
20
25
30
35
40
0
100
200
300
400
500
600
700
800
900
FY0
9
FY1
0
FY1
1
FY1
2
FY1
3
FY1
4
FY1
5
FY1
6
FY1
7
FY1
8
FY1
9
FY2
0
FY2
1ii
FY2
2ii
FY2
3ii
Rs (LHS) YoY (RHS)
Nifty EPS
Valuation Wise ndash Neutral Weight Momentum Wise - Overweight
Neutral weight doesnt mean selling equity It means profitbooking on excess position
34
Market Cap-to-GDP Ratio ndash Above Long Term Average
Market cap-to-GDP ratio Market rebound brings ratio above long term average
OW Equities =Ratio Below Historical Lows Neutral Equities = Ratio at Historical Average
Source Motilal Oswal 35
52
82 83
103
55
95
88
71
64 66
81
69
7983
79
56
104
FY05
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19
FY20
FY21
E
Average of 75 for the period
Valuations Are At The Higher End Of Fair Value
NIFTY PE (x) - 1 Year Forward NIFTY PB (x) - 1 Year Forward
Source Motilal Oswal36
207
8
13
18
23
28
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 179x
31
15
23
30
38
45
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 27x
37
Valuations Above Long Term Average
Source FactSet Kotak Institutional Equities Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
1 Year Forward Sector PE Current 10y Average Premium(discount)
Automobiles 232 158 469Energy 158 110 431Cement 303 219 387
Consumer Discretionary 590 425 387Technology 236 177 331Industrials 250 201 246
Pharmaceuticals 243 222 94Consumers 348 318 94
Metals 93 103 -94Utilities 80 110 -276
Consumer ex ITC 507 394 285Automobiles ex Tata Motors 228 185 231Energy ex Reliance Industries 80 90 -117
1 Year Forward Sector PB Current 10y Average Premium(discount)
Pvt banks 28 25 126PSU banks 10 11 -61
Earnings Are Increasing
38Source Bloomberg
QuarterReported PAT for NSE 500
Rs in CroreAnnualised PAT on Dec 20
Dec 19 122235
Mar 20 53406
June 20 32400
Sept 20 176786 707144
Dec 20 209795 839180
TTM 472387
Market Cap (280221) 18850128
PE Ratio 399 225
Highest Ever Quarterly Profit by India Inc
Valuations Are Not As Perceived
39
Company
PE
FY20Q1FY21
(Annualised)Q2FY21
(Annualised)Q3FY21 (Annualised) FY22E
Shree Cement 634 648 439 383 358
Ultra tech Cement 488 484 375 292 321
Mindtree 397 311 261 203 191
Asian Paints 814 2567 663 447 613
Persistent Systems 378 357 315 265 239
Hero Motocorp 190 2782 181 159 183
Bajaj Auto 223 537 249 182 202
Source Company data Kotak estimates Stocks mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of aninvestment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
The data for FY20 Q1Q2Q3 are actuals (annualised in the quarters) while FY22 is estimates
High Nifty Valuations Conceals the bargain opportunities in select Quality stocks
40Source ICICI Securities Internal Analysis
Adjusted PE Shows The True Valuation
Time To Be Neutral Weight To Equities
Marginally OW Small and Midcap
Marginally UW Large cap
Neutral Weight Equity
41
SIP has performed well
42
Patience Pays Off in SIPKotak Emerging Equity Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty Midcap 100 TRI is the benchmark for Kotak Emerging Equity FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund
43
Kotak Emerging Equity Fund Feb-19 Feb-20 Feb-21
10 Yr 1630 1567 1943
7 Yr 1636 1506 1745
5 yr 1024 889 1807
3 yr 324 526 2647
1 yr -984 1316 9422
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1239 991 1480
7 Yr 1212 867 1370
5 yr 736 317 1440
3 yr 079 -333 2237
1 yr -1572 -097 9753
Patience Pays Off in SIPKotak Tax Saver Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 500 TRI is the benchmark for Kotak Tax Saver FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculatingreturn on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting fromthe beginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer todisclaimer slides for scheme information and detailed performance of the fund
44
Kotak Tax Saver Fund Feb-19 Feb-20 Feb-21
10 Yr 1192 1159 1450
7 Yr 1227 1163 1406
5 yr 924 846 1511
3 yr 631 574 2027
1 yr -093 480 6660
Nifty 500 TRI Feb-19 Feb-20 Feb-21
10 Yr 1138 992 1387
7 Yr 1163 916 1367
5 yr 903 658 1525
3 yr 732 201 1992
1 yr -456 -397 7206
Patience Pays Off in SIPKotak Equity Opportunities Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021Returns are for regular plan Nifty 200 TRI is the benchmark for Kotak Equity Opportunities FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund 45
Kotak Equity Opportunities Fund Feb-19 Feb-20 Feb-21
10 Yr 1277 1242 1526
7 Yr 1281 1192 1443
5 yr 923 885 1540
3 yr 576 582 2067
1 yr -313 720 6502
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1140 992 1368
7 Yr 1165 915 1351
5 yr 931 686 1514
3 yr 822 256 1931
1 yr -274 -478 6874
46
Patience Pays Off in SIPKotak Bluechip Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 50 TRI is the benchmark for Kotak Bluechip FundDisclaimer SIP is an optional feature offered by Kotak Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mutual Past performance may or maynot be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating return on investmentsgiven an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from the beginning of thesubsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides forscheme information and detailed performance of the fund
Kotak Bluechip Fund Feb-19 Feb-20 Feb-21
10 Yr 1078 1016 1354
7 Yr 1064 940 1319
5 yr 758 678 1479
3 yr 539 435 2006
1 yr -282 108 6528
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1108 979 1341
7 Yr 1130 918 1364
5 yr 958 772 1570
3 yr 989 429 1947
1 yr 112 -515 6633
47
Equity Investment Opportunity
48
Kotak Pioneer Fund
India Basketbull Approx 80 of portfolio invested in 35 businesses
in India
bull Digital ecosystems
bull China + strategy for manufacturing
bull Consumer discretionary
bull Healthcare
bull Chemicals
bull Fintech
bull Materials
bull Investing in a global fund with a similar pioneering theme ndash CI SignatureTechnology Fund
bull Much more than FANGM (Facebook Amazon Netflix Google Microsoft)
bull FANGM investment less than 5 of CI Signature Technology Fund as on Jan2021
bull Investments in decentralized finance payments ecommercesemiconductor urban transport social media etc
bull The international diversification ndash hedge against the domestic businesscycle and potential of INR depreciation against the USD over the mediumterm
Companies that use technology through process for enduring competitive advantage
International Diversification
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
1 YearSince
Inception(31102019)
Kotak Pioneer Fund - Regular Plan 5550 3678
Benchmark 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI 4230 2467
Nifty 50 TRI 3137 1752
Less than equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
49
Kotak Small Cap Fund
bull Kotak Small Cap Fund Identifies the hidden growth potential of small cap sized companies
bull The essence is to spot them young and watch them grow
bull Kotak Small Cap Fund focus on investing in quality businesses with strong competitive edge run by great management generating high return on capital amp offering sustainable growth with high market potential and available at reasonable valuations
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Scheme Name 1 Year 3 Year 5 Year 7 Year 10 year
Kotak Small Cap Fund - Reg - Growth 5207 1309 2037 2233 1777
Nifty Smallcap 100 TRI 4344 -017 1412 1488 1045
Healthy growth in Revenue EBITDA and PAT in investee companies in the aftermath of COVID 19 ( Q3FY21)
Sales Growth YoY EBITDA Growth YoY PAT Growth YoY
Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21
Kotak Small Cap Fund -243 53 167 173 262 312 -163 311 338
Kotak Asset Allocator Fund ndash An Effective Asset Allocation Medium To Ride The Market
PeriodKotak Asset Allocator
Fund - GrowthNIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1578 1221 1722
Last 5 Year 1464 1355 1729
Last 3 Years 1462 1199 1288
Last 1 Years 2928 2142 3137
Past performance may or may not be sustained in the future Inception date is as of Aug 09 2004
Mutual Fund investments are subject to market risks read all scheme related documentscarefullySource ICRA As on 28th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Return Profile
bull Higher Flexibility of allocation (0-100 in Equities)bull Current equity allocation is 37
50
51
Debt Investors With Marginal Appetite For Equity Can Consider Investment In Kotak Debt Hybrid Fund
bull Fixed income component at ~75 amp above This keeps the volatility low amp relatively marginal level
bull Equity exposure at 25 or less allows the investor to obtain the flavor of equity play without significant risk to capital
bull SWP can be utilized to meet ldquotax efficientrdquo income requirements of the investor
Source ICRA As on 26th Feb 2021 Industry data is from AMFI and Kotak Debt Hybrid data is from CAMS Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Please consult your tax advisor for further details
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Benchmark Crisil Hybrid 85+15 ndash ConservativeIndex
Net Aum flows in Rs Crs over last 12 months()
As on 31st Jan 2021
885
-15540 -14655
Kotak Debt Hybrid Others Total
Time HorizonKotak Debt Hybrid
Fund Nifty 50 TRI Benchmark
1 Year 1502 3137 1166
2 Years 1329 1742 1206
3 Years 923 1288 1010
5 Years 1046 1729 1030
52
Shift Money To Alpha Generating Large Caps
7 Years 5 Years 3 Years 1 Year
Kotak Bluechip Fund ndash Direct Plan 1655 1694 1272 2655
Nifty 50 TRI 1423 1712 1254 2583
bull Kotak Bluechip Fund is flexible in its large cap themes rather than being rigid in different market scenarios
bull It continues to focus on businesses with favourable supply side dynamics
bull Also focuses on capital efficiency with a reasonable track-record of capitalizing on various opportunities
bull There are broadly 4 sub-themes that fund captures now namely Financial Savings Moving from Lockdown to Unlock Consumer Demand amp Global Business
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than 1 year Absolute returns Greater than 1 year Compound Annualized returnsPast performance may or may not be sustained in the future Direct Growth option Inception Date is 1st Jan 2013 (Regular Plan Dividend Option InceptionDate Dec 29 1998)
Should We Invest In Gold
53
Gold
bull We have highlighted risk of import duty being reduced to our gold call
bull The same has played out in this budget as import duty rationalised from 125 to 10 ( 75 Import Duty Plus Agriculture Cess )
bull If the import duty is reduced further to that extent there will be a drop in Rupee Gold prices instantly
bull Subject to that volatility we remain bullish Gold on a longer term basis
bull Gold has corrected in recent times for accumulation
Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before
acting on any information in this communication54
Active VS Passive Funds in Alpha Generation
55
56
Index Funds Underperforms Index
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documentscarefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance ampscheme information of the fund
Fund Category 1 Year 3 Year 5 Year
SampP BSE Sensex TRI 2990 1420 1790
Category Average 2866 1328 1684
Alpha-124 -092 -106
Fund Category 1 Year 3 Year 5 Year
Nifty 50 TRI3130 1290 1730
Category Average 3019 1193 1606
Alpha-111 -097 -124
Less than 1 year Absolute returns Greater than 1 year CAGR
Active Funds Can Give Alpha
bull Active funds canrsquot take more than 10instocks
bull Fund has to keep Cash to meetredemptions
bull Index changes stocks at the closing price with no impact cost
bull Globally Total Return Index is compared with funds gross return ie expenses are added back to performance In India TRI is compared with net return of the fund
bull In Insurance for eg they comparegross return with PRI In MF wecompare TRI with net return
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
57
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years()
Kotak Infrastructure amp Economic Reform Fund - Dir - Growth
3092 538 157 1841
India Infrastructure Index (Customised Index by IISL)
3064 243 1089 895
Alpha 028 295 481 946
Kotak Small Cap Fund - Dir - Growth 5427 1462 2281 2399
Nifty Smallcap 100 TRI 4344 -017 1512 1488
Alpha 1083 1479 769 911
Kotak Emerging Equity Fund - Dir - Growth 3842 1345 2235 2493
Nifty Midcap 100 TRI 3985 679 1739 1814
Alpha -143 666 496 679
Kotak Flexicap Fund - Dir - Growth 2614 1192 1969 1905
Nifty 200 TRI 3214 1135 1826 1498
Alpha -60 057 143 407
Kotak Equity Opportunities Fund - Dir -Growth
2915 1284 2035 1869
Nifty 200 TRI 3214 1135 1826 1498
Alpha -299 149 209 371
Kotak Tax Saver Fund - Dir - Growth 2841 1353 1996 1889
Nifty 500 TRI 3337 1086 1836 1539
Alpha -496 267 16 35
Less than 1 year Absolute returns Greater than 1 year CAGR
58
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years
Kotak India EQ Contra Fund - Dir - Growth 3288 1444 2107 1711
Nifty 100 TRI 311 1191 1826 1468
Alpha 178 253 281 243
Kotak Bluechip Fund - Dir - Growth 315 1307 1812 1644
Nifty 50 TRI 3127 1288 1837 1414
Alpha 023 019 -025 23
Kotak India Growth Fund - Series IV - Dir - Growth 6903 1602 - -
Nifty 200 TRI 3214 1135 - -
Alpha 3689 467 - -
Kotak Pioneer Fund - Dir - Growth 5808 - - -
85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI
423 - - -
Alpha 1578 - - -
Kotak India Growth Fund - Series V - Dir - Growth 4674 - - -
Nifty 200 TRI 3214 - - -
Alpha 146 - - -
Active Funds Can Give Alpha
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
Less than 1 year Absolute returns Greater than 1 year CAGR
Our Funds Have Bounced From The Bottom
Source MFI Explorer As on 26th February 2021 Past performance may or may not sustain in the future Please consult your financial advisor orother professionals before acting on any information in thiscommunication Please refer to the disclaimer slides for scheme information
59
554
791840 853 855 864 906
9551001
12281308
Kotak BalancedAdvantage
Fund
Kotak EquityHybrid Fund
Kotak FlexicapFund
Kotak Tax SaverFund
Kotak EquityOpportunities
Fund
Kotak FocusedEquity Fund
Kotak BluechipFund
Kotak India EQContra Fund
Kotak EmergingEquity Fund
Kotak PioneerFund
Kotak SmallCap Fund
change in NAV of our funds when Nifty 50 was ~7610 (From 23rd Mar 2020 till 26th Feb 2021)
Regular growth Plans performance
Debt Market Outlook
March 2021
60
61
Source Bloomberg
Liquidity is Here To StayMarket may have misread RBI Signal
-9000
-8000
-7000
-6000
-5000
-4000
-3000
-2000
-1000
0
1000
5
55
6
65
7
75
Jun
-19
Jul-
19
Au
g-1
9
Sep
-19
Oct
-19
No
v-1
9
Dec
-19
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
India 10-Year Bond Yield (LHS)
India Banking System Liquidity (RHS)
INR Bn
bull Overnight rates will remain anchored at Reverse Repo rates longer than what market is pricing in bull RBI aims to normalize CRR in the near-term The CRR normalisation opens up space for a variety of market operations to inject
additional liquidity which may induce curve flattening
62
Fear of Liquidity Withdrawal Spooked The Mid-To-Long End (~2-7years) of The Curve
bull Yield Curve is now pricing in more negatives ndash liquidity tightening rate hikes etc
bull Yields have moved up across the curve especially mid to long end of the yield curve
Source Bloomberg
3
4
5
6
7
8
3M 6M 1Y 2Y 3Y 4Y 5Y 6Y 7Y 8Y 10Y 11Y 12Y 13Y 14Y 15Y 23Y 30Y 40Y
India Sovereign Curve ()
01-Mar-21 31-Dec-20 30-Jun-20
Opportunity of value creation exists in the longer end of the curve
The current yield curve is too steep enhancing the case to chase the carry in fixed income as opposed to capital gains
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
FII Activity in Debt Market
Source Axis Capital
USD Mn
63
(1494)
381
(8680)
(1434)
(2695)
402
(534)(142)
471 520 191 1080
(740) (391)
(10500)
(9000)
(7500)
(6000)
(4500)
(3000)
(1500)
0
1500
3000
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
Source MOSPI ICRASource Bloomberg RBI Internal Research Morgan Stanley Research
406
530
00
10
20
30
40
50
60
70
80
Mar
-15
May
-15
Jul-
15
Sep
-15
No
v-1
5
Jan
-16
Mar
-16
May
-16
Jul-
16
Sep
-16
No
v-1
6
Jan
-17
Mar
-17
May
-17
Jul-
17
Sep
-17
No
v-1
7
Jan
-18
Mar
-18
May
-18
Jul-
18
Sep
-18
No
v-1
8
Jan
-19
Mar
-19
May
-19
Jul-
19
Sep
-19
No
v-1
9
Jan
-20
Mar
-20
May
-20
Jul-
20
Sep
-20
No
v-2
0
Jan
-21
CPI Core CPI
Headline Inflation To Remain Range-bound Though Marginally Above The 4 Mark In The Near Term
bull We expect a prolonged pause from the MPC in FY22 and an accommodative stance until late FY22 at least
CPI is still likely to be above the medium-term target of 4 for most of H1-FY22 further rate cuts appear unlikely unless the economic environment worsens significantly
64
65
RBI Remains Committed on OMOOperation Twist To Fund Govt Borrowing
FY 21 (RE) FY 22 (BE)
Gross Market Borrowing 1279788 1205708
Source indiabudgetgovin Internal Estimates BE is Budgetary estimates RE is revised Estimates
(in Rs Crores)
INR 75000 cr OMOOperation Twist already done post budget borrowing announcement
Source CNBC
SDL Spreads Close To Peak Levels Attractive in Terms of Valuation
10yr Central Govt Gilt Yields vs 10yr SDL Yields
Source RBI Jefferies66
Current Spreads Look Attractive For Long Term Investors
Source Bloomberg Citi Research
Spread between 10year Gilt and 1year Gilt Yield MPCrsquos Focus on Term Premia Is Likely To Prevent Imminent Sharp Rise In Bond Yields
Incremental Spreads in 10 Year provides a good cushion to shocks
67
211
0
50
100
150
200
250
300
Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21
Case For Carry Corporate Bond Spreads Show Attractive Valuation Opportunity
Source Bloomberg Jefferies
Corporate AAA Bond Yield ()
68
444
558
3
35
4
45
5
55
6
65
7
75
Mar
-hellip
Ap
r-2
0
May
-hellip
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
1 Year AAA Corporate Bond
3 Year AAA Corporate Bond
450
500
550
600
650
700
750
800
850
1Y 2Y 3Y 4Y 5Y 7Y 10Y
01-Mar-21 29-Jan-21 31-Dec-19
India Corporate Bond Curve
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
69
Market Is Pricing In More Negative News
NABARD Yield Incremental Yield
adjusted for holding period
Protection for Rise in 10 yrNabard (bps)
Breakeven level10 yr Nabard
A 1 yr 425 After 1 yr
10 yr 715 29 051 766
B 2 yr 505 After 2 yr
10 yr 715 21+21=42 084 799
C 3 yr 56 After 3 yr
10 yr 715 155+155+155=455 103 818
Assuming investment HTM in short bonds for respective holding periods Adjusted is incremental yield for 2 yrmultiplied by 2 and 3 yr by 3
Source Internal Analysis The above illustration is not an indication of our portfolio
Debt Outlook
70
bull Liquidity is here to stay much longer than what market is fearing
bull Overnight rates are expected to gradually trend higher as normalisation of rates take place over the course of next 1 year
bull Fear of Liquidity withdrawal has led to sharp spike in OIS- swap yields in 1 yr at 392 and 2 yr at 435 this effectively means forward curve is pricing in almost 3 rate hikes of 25 bp each in Repo rate for the seller of the 2 yr swap to break even In our opinion is too soon and more than what the fundamental situation can justify purely based on inflation outlook
bull Inspite of the recent spike in crude oil prices average headline inflation for FY 22 is in the band of 5-525
bull With comfort on inflation reduction in gold imports stable to appreciating INR (High Fx reserves)We believe RBI will maintain a status quo along with its accommodative stance as there is no big urgency to rush for rate hikes
bull RBI while not giving OMO calendar is actually done decent amount of OMO till now and remain committed for more As the System isflush with liquidity and FX flows coming RBI is constrained to conduct aggressive OMO and add liquidity As the CRR cut reversal announced earlier will take out about 16 lac cr worth liquidity will increase the ability of the RBI to conduct outright OMO vs OT which will be more positive the long bonds
bull For investors it is best to stick to intended investment horizons as volatility would continue to be order of the day
bull Duration investors with appetite for volatility can look to invest in the Gilt Bond and Dynamic Bond Funds space
bull Investors looking for relatively higher YTM can consider Floating rate Fund Medium-Term Fund and Credit Risk Fund segment
bull Investors should stay invested across fixed income strategies ndash as ldquocarryrdquo assumes significance over ldquocapital gainsrdquo
Debt Investment Opportunity
71
Debt Funds Have Generated Good Returns For The Patient Investors
Source MFi Explorer Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to disclaimer slides for detailed performance and scheme information of the funds 72
Fund Name 3 Year Returns of Fund () (CAGR)
Kotak Gilt Fund 980
Kotak Dynamic Bond Fund 921
Kotak Banking and PSU Debt Fund 894
Kotak Bond Fund 879
Kotak Corporate Bond Fund 838
Kotak Bond Short Term Fund 815
Kotak Credit Risk Fund 702
Kotak Medium Term Fund 650
73
Kotak Dynamic Bond Fund Has Outperformed Over Long-Term Since 2018
928
600
650
700
750
800
850
900
950
1000
1050
Feb
-18
Ap
r-1
8
May
-18
Jul-
18
Au
g-1
8
Sep
-18
No
v-1
8
Dec
-18
Jan
-19
Mar
-19
Ap
r-1
9
Jun
-19
Jul-
19
Au
g-1
9
Oct
-19
No
v-1
9
Jan
-20
Feb
-20
Mar
-20
May
-20
Jun
-20
Jul-
20
Sep
-20
Oct
-20
Dec
-20
Jan
-21
Feb
-21
Rolling Returns()
Kotak Dynamic Bond Fund - Reg - Growth NIFTY Composite Debt Index
915
Credit funds carry credit risk and duration dynamic funds carry interest rate risk
Hence our advice to IFA distributors is that they allocate clients money in both dynamic and accrual funds from a 3 year perspective
Source ICRA As on 26th February 2021 The above returns is daily rolling returns for last 36months Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please refer to the disclaimer slides for detailed performance of the fund
Kotak Medium Term Fund
Fund YTM (As on 26 Feb 2021) Respective Segment YieldsIncremental Earnings
(Spread)
Kotak Medium Term Fund 699 3 Year AA 574 125
Source Bloomberg Data as on 26-Feb-2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for performance details amp scheme information
Mutual fund investment are subject to market risks read all scheme related documents carefully
26-Feb-2021 Average Maturity (Years) Modified Duration (Years) Macaulay Duration (Years)
378 263 281
bull Duration of the fund has come down as we expect normalisation of rates to take place over the course of next 1 year We see merit in running lower duration in Medium Term Fund
bull We believe Kotak Medium Term fund is a reasonably attractive investment option for investors with minimum 1 year investment horizon
74
Attractive Yields Across The Segment
Source Bloomberg Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for scheme details
Mutual fund investment are subject to market risks read all scheme related documents carefully 75
458
699 699
389
638 638
0
1
2
3
4
5
6
7
8
Kotak Low Duration Fund Kotak Credit Risk Fund Kotak Medium Term Fund
YTM () (As on 26 Feb 21) Respective Segment Yields ()
1 Year OIS
3 Year AA
3 Year AA
Incremental Spread 069
Incremental Spread 061
Incremental Spread 061
Distributor Engagement
76
Prostart ndash Video Learning Platform
1FINANCIAL PLANNING (10 VIDEOS)
2SOCIAL MEDIA MARKETING (14 VIDEOS)
3UNDERSTANDING RISK IN MFrsquoS (5 VIDEOS)
4TAXATION IN MFrsquoS (2 VIDEOS)
5NEW NORMAL (1 VIDEOS)
6MAXIMIZING DIGITAL CONNECTIONS (2 VIDEOS)
7HANDLING INVESTOR EMOTIONS (4 VIDEOS)
8ACQUIRING NEW CLIENTS (3 VIDEOS)
9THE NEXT WAVE (3 VIDEOS)
77
Over 25000 Participants
have viewed these Videos (Till Feb 2021)
Testimonials
ldquoGood Initiative developed by Kotak MF to enhance knowledge amp practical approach for MFDsrdquo -Md Qaise Ghazali
ldquoVery Knowledgeable Thank You Kotak MF Teamrdquo ndashVikas Jain
10DEBT DEMYSTIFIED (12 VIDEOS)
78
Business Dashboard
Transaction History
Distributor Initiated Transaction
Capital Gain and Account Statement
Prostart
Business Hub
More than 13574 IFArsquos are actively using Business Hub
Dont miss out on the benefits of Business Hub
Co-branding Marketing Material
Business opportunities
Stay Updated Follow us at Kotak Mutual Fund Click here to visit our YouTube Channel
How To Boost Business Using Business Hub
Product Video ndash Now Available In Different Languages
Kotak Bluechip Fund
Debt Market Outlook ndash March 2021
Kotak NASDAQ-100 FOF
How to make money through equity asset allocation (English)
Equity Market Outlook ndash March 2021
HindiGujaratiMarathiTeluguKannadaTamilMalayalamBengali
English ndash Mr Arjun Khanna amp Ms Lakshmi Iyer amp Mr Harsha Upadhyaya
Hindi - Mr Arjun Khanna
79
80
Please Follow Like And Share Kotak Mutual Fundrsquos Official Social Media Pages For Regular Updates
Twitter - KotakMF - httpstwittercomKotakMF
Facebook - KotakMF - httpsfacebookcomKotakMF
YouTube - Kotak Mutual Fund - httpswwwyoutubecomcKotakMutualFundOfficial
Instagram - Kotak Mutual Fund - httpsinstagramcomkotakmfigshid=kr86qg3u973n
LinkedIn - Kotak Mutual Fund - httpswwwlinkedincomcompanykotak-mutual-fund
ANNEXURES
81
Kotak MF Mantra lsquoReturn of Capitalrsquo is more important
Strong Promoters Cashflow backed business Liquidity and Asset Security are key to our investment ideas
82
Rating amp Category Breakup Across Kotak MF Open-Ended Debt Funds
Data As on 26 Feb 2021
We follow our investment process of focussing on credit quality and liquidity profile of our debt funds and maintain high degree of transparency for investors
Please consult your financial advisor or other professionals before acting on any information in this communication
It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Mutual fund investments are subject to market risks read all scheme related documents carefully
Feb-21 April-20
Credit Rating of Open-Ended Debt Funds of Total AUM of Total AUM
TbillG-SecSDLAAAA1+Cash 9393 9281
AA+ 228 165
AA 248 290
AA- 087 142
Below AA- 043 122
Grand Total (AUM) (INR Cr) 11895880 78624
The above rating allocation does not include NCA (Net Current Assets)
83
bull At Kotak MF we have zero borrowing across all our funds as on 26 Feb 2021
Mutual fund investments are subject to market risks read all scheme related documents carefully
Liquidity Position Of Kotak MF Debt Funds As said earlier our incremental allocation has gone into higher quality assets
Name of the Fund Fund Category of AUM in AAA (Long Term) or
A1+ (Short Term) Sovereign Debt Cash amp NCA (Dec 2020)
of AUM in AAA (Long Term) or A1+ (Short Term) Sovereign Debt
Cash amp NCA (Apr 2020)
Non-Credit Strategies
Kotak Liquid Fund Liquid 100 100
Kotak Money Market Fund Money Market 100 100
Kotak Corporate Bond Fund Corporate Bond 100 100
Kotak Bond Short Term Fund Short Duration 100 100
Kotak Bond Fund Medium to Long Duration 96 86
Kotak Dynamic Bond Fund Dynamic Bond 92 85
Kotak Savings Fund Ultra Short Duration 91 87
Kotak Banking and PSU Debt Fund
Banking and PSU 88 79
Kotak Low Duration Fund Low Duration 85 52
Credit Strategies
Kotak Medium Term Fund Medium Duration 63 50
Kotak Credit Risk Fund Credit Risk 36 27
As on 26 Feb 2021It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Please refer to the disclaimer slides for scheme details
The above rating allocation includes NCA (Net Current Assets)
84
Key Variables amp Their Impact On Interest Rates
Key VariablesShort Term
(3-6mo)Medium Term
(6mo-2yrs)Remarks ndash( Denotes fall in Interest Rates )
InflationHeadline CPI is expected to be in the range of 4-5 for the year Despite expansion of the fiscal deficit the quality ofspending appears to be non inflationary Inflation is unlikely to be area of problem in the year
Rupee
INR has been quite strong since last 3m curtsey strong FDI and FPI flows in equity Lat 1 yr also its marginallydepreciated We have FX reserves closes to 600 bn and given CAD and TD under control INR is expected to remain wellbid We believe in the absence of any geo political event INR is expected to be stable and shall appreciate as economicgrowth stabilizes RBI is keeping INR competitive on REER basis
Credit DemandGradually economy is opening up and Credit growth is expected to pickup as unlocking activity resumes and gains momentum post vaccination in phases However situation is fragile and this may accentuate the situation further However easy rates may help some demand pickup Till then credit growth will not impact rates negatively
Government Borrowing
Union budget has shocked the market by giving 80 extra borrowing for the current year in dated securities Next year also borrowing is on heavier side However we believe the govt RBI may have some credible plan to conduct the borrowing smoothly As the budget is non inflationary and otherwise also inflation is under control there is no reason for govt to give so high real rates hence we believe the RBI will pull some demand leveres such as index inclusion or OMO Will have to wait for MPC
RBI PolicyRbi has shown commitment in the past and there is no reason for taking the rates higher hence we believe RBI is expected to come up with some credible plan If they leave it to the market then we are headed for a tough time
Global Event RiskThe News of a Vaccine has triggered a risk-on event and lead to a sharp rally in risk asset and bonds were sold offHowever yields will look for growth which may not come in a hurry On the other hand the risk of a geopolitical eventis always open
Corporate bond SpreadWhile some green shoots seen but on an over all basis the economy is still struggling Short term spreads have seendecent compression unlikely to compress further meaningfully Long terms bonds still offer attractive spreads but likelyjust a carry trade
Debt FII flowWe have seen some traction coming in near term with revival of flows from the FPI in debt However its seems real flows will only be seen with index inclusion
Liquidity
Despite very high liquidity more than 1 yr yield is moving higher as the fear is RBI will remove accommodation sooner than later However we believe large part of the move is done 2-10 yr curve
85
Key Variables amp Their Impact On Equities
Key VariablesShort -term
Medium ndashterm
Remarks
EconomyWhile Covid-19 impacts economy there is likely to be sequential improvement as Indian economy unlocks
Corporate EarningsWhile Covid-19 impacts corporate India there is likely to be sequential improvement as Indian economy unlocks
FII FlowIndia stands out among global asset classes with prospects of strong long term growth given favorable demographics
DII Flow Long runaway of growth in financialization of savings
Supply of paperHigher disinvestment target and repair of leveraged balance sheet to create supply in markets
PolicyReform Initiative Expect improved reform momentum
Signify Growth 86
Disclaimers amp Disclosures
87
The information contained in this (document) is extracted from different public sources All reasonable care has been taken to ensure that the information contained hereinis 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 KotakMahindra Asset Management Co Ltd or any associated companies or any employee thereofWe are not soliciting any action based on this material and is for generalinformation only Investors should consult their financial advisors if in doubt about whether the product is suitable for them before investing
These materials are not intended for distribution to or use by any person in any jurisdiction where such distribution would be contrary to local law or regulation Thedistribution of this document in certain jurisdictions may be restricted or totally prohibited and accordingly persons who come into possession of this document arerequired to inform themselves about and to observe any such restrictions
Mutual Fund investments are subject to market risks read all scheme related documents carefully
Disclaimers amp Risk Factors
88
Scheme Inception date is 26052008 Mr Deepak Agrawal has been managing the fund since 25112012 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Dynamic Bond Fund As on 26 Feb 2021
Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Banking amp PSU Debt Fund As on 26 Feb 2021
89
Dec 29 1998Kotak Banking and PSU
Debt Fund - GrowthCRISIL Banking and PSU
Debt Index ALPHA CRISIL 1 Year Tbill
Kotak Banking and PSU Debt Fund - Growth
CRISIL Banking and PSU Debt Index
CRISIL 1 Year TBill
Since Inception 753 NA NA 662 50043 NA 41450
Last 1 Year 744 632 112 547 10742 10630 10546
Last 3 Years 894 868 026 665 12926 12834 12127
Last 5 Years 846 854 -008 656 15006 15064 13739
May 26 2008Kotak Dynamic Bond
Fund - GrowthNIFTY Composite Debt
Index ALPHA CRISIL 1 Year TBill
Kotak Dynamic Bond Fund - Growth
NIFTY Composite Debt Index
CRISIL 1 Year TBill
Since Inception 860 846 014 648 28659 28180 22287
Last 1 Year 685 790 -105 547 10683 10788 10546
Last 3 Years 921 934 -013 665 13022 13068 12127
Last 5 Years 912 868 044 656 15470 15161 13739
Scheme Inception date is 06032008 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Low Duration Fund As on 26 Feb 2021
Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Fund As on 26 Feb 2021
90
Mar 06 2008Kotak Low Duration
Fund - GrowthNIFTY Low Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Low Duration Fund - Growth
NIFTY Low Duration Debt Index
CRISIL 1 Year TBill
Since Inception 769 827 -058 648 26178 28053 22605
Last 1 Year 669 594 075 547 10667 10592 10546
Last 3 Years 760 723 037 665 12455 12326 12127
Last 5 Years 774 735 039 656 14514 14256 13739
Nov 25 1999Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
ALPHA CRISIL 10 Year Gilt Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 878 NA NA NA 59893 NA NA
Last 1 Year 672 765 -093 493 10670 10763 10492
Last 3 Years 879 912 -033 894 12872 12990 12927
Last 5 Years 800 859 -058 734 14692 15093 14246
Scheme Inception date is 02052002 Mr Deepak Agrawal has been managing the fund since 11072007 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Short Term Fund on 26 Feb 2021
Scheme Inception date is 21092007 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Corporate Bond Fund on 26 Feb 2021
91
May 02 2002Kotak Bond Short Term
Fund - GrowthNIFTY Short Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Bond Short Term Fund - Growth
NIFTY Short Duration Debt Index
CRISIL 1 Year TBill
Since Inception 772 793 -021 607 40606 42094 30324
Last 1 Year 720 797 -077 547 10718 10794 10546
Last 3 Years 815 828 -013 665 12648 12692 12127
Last 5 Years 785 808 -024 656 14585 14746 13739
Sep 21 2007Kotak Corporate Bond
Fund - GrowthCRISIL Corporate Bond
Composite Index ALPHA CRISIL 1 Year TBill
Kotak Corporate Bond Fund - Growth
CRISIL Corporate Bond Composite Index
CRISIL 1 Year TBill
Since Inception 818 939 -120 645 28790 33407 23163
Last 1 Year 741 793 -052 547 10739 10791 10546
Last 3 Years 838 894 -057 665 12726 12927 12127
Last 5 Years 830 885 -055 656 14898 15277 13739
Scheme Inception date is 11052010 Mr Deepak Agrawal has been managing the fund since 12042010 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Credit Risk Fund As on 26 Feb 2021
Scheme Inception date is 21032014 Mr Deepak Agrawal has been managing the fund since 22062015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Medium Term Fund As on 26 Feb 2021
92
May 11 2010Kotak Credit Risk Fund -
GrowthNIFTY Credit Risk Bond
Index ALPHA CRISIL 1 Year TBill
Kotak Credit Risk Fund -Growth
NIFTY Credit Risk Bond Index
CRISIL 1 Year TBill
Since Inception 808 930 -121 671 23159 26128 20167
Last 1 Year 455 987 -532 547 10453 10984 10546
Last 3 Years 702 900 -198 665 12253 12946 12127
Last 5 Years 755 900 -145 656 14384 15380 13739
Mar 21 2014Kotak Medium Term
Fund - GrowthNIFTY Medium Duration
Debt Index ALPHA CRISIL 10 Year Gilt
Kotak Medium Term Fund - Growth
NIFTY Medium Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 812 900 -088 826 17192 18192 17350
Last 1 Year 456 873 -417 493 10455 10871 10492
Last 3 Years 650 902 -252 894 12078 12954 12927
Last 5 Years 730 863 -133 734 14218 15121 14246
Kotak Balanced Advantage Fund Performance as on 26 Feb 2021
Scheme Inception date is 03082018 Mr Harish Krishnan Mr Abhishek Bisen have been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the periodhave been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point(PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark Alpha is difference ofscheme return with benchmark return
Kotak Debt Hybrid Fund Performance as on 26 Feb 2021
Scheme Inception date is 02122003 Mr Abhishek Bisen has been managing the fund since 01042008 Mr Devender Singhal has been managing the fund since 25082015Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (CompoundedAnnualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of SchemeBenchmark Name of Additional BenchmarkThe performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark returnTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant(PRI)The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using compositeCAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return 93
Aug 03 2018Kotak Balanced
Advantage Fund -Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA Nifty 50 TRI
Kotak Balanced Advantage Fund -
Growth
NIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1092 1167 -075 1130 13052 13281 13166
Last 1 Year 1849 2142 -292 3137 11844 12135 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Dec 02 2003Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
ALPHA CRISIL 10 Year Gilt Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
CRISIL 10 Year Gilt
Since Inception 809 855 -045 582 38280 41141 26537
Last 1 Year 1502 1166 336 493 11497 11162 10492
Last 3 Years 923 1010 -086 894 13030 13341 12927
Last 5 Years 1046 1030 017 734 16443 16319 14246
Kotak Asset Allocator Fund as on 26 Feb 2021
Scheme Inception date is 09082004 Mr Devender Singhal amp Mr Arjun Khanna has been managing the fund since 09052019 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using composite CAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return
Scheme Inception date is 29121998 Mr Abhishek Bisen has been managing the fund since 15042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Gilt Fund As on 26 Feb 2021
94
Aug 09 2004Kotak Asset Allocator
Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA SampP BSE SENSEX TRI
Kotak Asset Allocator Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index SampP BSE SENSEX TRI
Since Inception 1578 1221 357 1579 113266 67426 113398
Last 1 Year 2928 2142 786 3000 12919 12135 12990
Last 3 Years 1462 1199 262 1422 15051 14043 14894
Last 5 Years 1464 1355 109 1789 19793 18868 22764
Dec 29 1998Kotak Gilt Fund -
GrowthNIFTY All Duration G-Sec
Index ALPHA CRISIL 10 Year Gilt
Kotak Gilt Fund -Growth
NIFTY All Duration G-Sec Index
CRISIL 10 Year Gilt
Since Inception 951 NA NA NA 74952 NA NA
Last 1 Year 768 641 128 493 10766 10639 10492
Last 3 Years 980 1001 -021 894 13234 13311 12927
Last 5 Years 892 848 044 734 15325 15020 14246
Kotak Pioneer Fund as on 26 Feb 2021
Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Different plans have different expense structure The performance details provided herein are of regular plan 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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
95
Oct 31 2019Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
ALPHA Nifty 50 TRI Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
Nifty 50 TRI
Since Inception 3678 2467 1211 1752 15149 13397 12386
Last 1 Year 5550 4230 1320 3137 15531 14216 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Feb 25 2008Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
ALPHA Nifty 50 TRI
Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
Nifty 50 TRI
Since Inception 719 133 586 951 24675 11876 32619
Last 1 Year 2940 3064 -124 3137 12931 13054 13127
Last 3 Years 405 243 162 1288 11265 10746 14378
Last 5 Years 1332 1089 243 1729 18676 16760 22189
Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 01022015
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Infrastructure amp Economic Reform Fund as on 26 Feb 2021
96
Feb 20 2018Kotak India Growth Fund -
Series IV - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series IV - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1462 1173 289 1328 15099 13979 14570
Last 1 Year 6667 3224 3443 3137 16644 13214 13127
Last 3 Years 1471 1135 335 1288 15087 13803 14378
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 20022018 Mr Devender Singhal has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak India Growth Fund Series IV as on 26 Feb 2021
Kotak India Growth Fund Series V as on 26 Feb 2021
May 15 2018Kotak India Growth Fund -
Series V - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series V - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1389 1146 243 1265 14372 13534 13939
Last 1 Year 4661 3224 1437 3137 14646 13214 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak Smallcap Fund Performance as on 26 Feb 2021
Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the TotalReturn variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
97
Kotak Smallcap Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1930000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 8187177 3266871 1617790 1001229 576604 190906
Scheme Returns () 1620 1905 1843 2067 3331 12808
NIFTY Smallcap 100 (TRI) Returns () 1048 1159 1036 1161 2174 12178
Alpha 572 746 808 905 1158 630
NIFTY Smallcap 100 (TRI) (Rs) 4794025 2190608 1213472 802393 493594 187746
Nifty 50 (TRI) (Rs)^ 5809863 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1256 1341 1364 1570 1947 6633
Scheme Inception - February 242005 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Feb 24 2005Kotak Smallcap Fund -
GrowthNIFTY Smallcap 100 TRI ALPHA Nifty 50 TRI
Kotak Smallcap Fund -Growth
NIFTY Smallcap 100 TRI Nifty 50 TRI
Since Inception 1648 1274 375 1440 115182 68229 86309
Last 1 Year 5224 4358 866 3137 15207 14344 13127
Last 3 Years 1309 -017 1326 1288 14460 9950 14378
Last 5 Years 2040 1419 622 1729 25291 19406 22189
Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) Performance as on 26 Feb 2021
98
Kotak Flexi Cap Fund (Previously known as Kotak Select Standard Multi Cap Fund)
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1380000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 3453492 2729977 1380165 856388 468086 156611
Scheme Returns () 1505 1571 1397 1426 1792 6240
Nifty 200 (TRI) Returns () 1288 1368 1351 1514 1931 6874
Alpha 218 204 045 -088 -139 -634
Nifty 200 (TRI) (Rs) 3011611 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 2974930 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1268 1341 1364 1570 1947 6633
Scheme Inception - September 11 2009 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 11 2009Kotak Flexi Cap Fund -
GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak Flexi Cap Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1391 1156 235 1140 44527 35062 34492
Last 1 Year 2497 3224 -727 3137 12489 13214 13127
Last 3 Years 1082 1135 -054 1288 13604 13803 14378
Last 5 Years 1738 1719 020 1729 22274 22089 22189
Kotak Emerging Equity Fund Performance As on 26 Feb 2021
Scheme Inception date is 30032007 Mr Pankaj Tibrewal has been managing the fund since 27052010 Different plans have different expense structure The performance detailsprovided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circulardated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha isdifference of scheme return with benchmark return
99
Kotak Emerging Equity Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1680000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 6176383 3334607 1562085 940171 526485 173627
Scheme Returns () 1705 1943 1745 1807 2647 9422
Nifty Midcap 100 (TRI) Returns () 1388 1480 1370 1440 2237 9753
Alpha 316 463 375 368 410 -332
Nifty Midcap 100 (TRI) (Rs) 4795200 2599125 1367070 859342 497885 175354
Nifty 50 (TRI) (Rs)^ 4226246 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1229 1341 1364 1570 1947 6633
Scheme Inception - March 30 2007 The returns are calculated by XIRR approach assuming investment of 10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Mar 30 2007Kotak Emerging Equity
Fund - GrowthNifty Midcap 100 TRI ALPHA Nifty 50 TRI
Kotak Emerging Equity Fund - Growth
Nifty Midcap 100 TRI Nifty 50 TRI
Since Inception 1320 1332 -012 1138 56228 57054 44823
Last 1 Year 3676 3998 -322 3137 13664 13985 13127
Last 3 Years 1207 679 528 1288 14070 12177 14378
Last 5 Years 1997 1624 372 1729 24836 21217 22189
Kotak Tax Saver Fund Performance as on 26 Feb 2021
Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
100
Kotak Tax Saver Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1840000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5208479 2557585 1384584 874589 483657 158907
Scheme Returns () 1251 1450 1406 1511 2027 6660
Nifty 500 (TRI) Returns () 1244 1387 1367 1525 1992 7206
Alpha 007 063 038 -014 035 -546
Nifty 500 (TRI) (Rs) 5177617 2472906 1365740 877640 481312 161867
Nifty 50 (TRI) (Rs)^ 5074950 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1221 1341 1364 1570 1947 6633
Scheme Inception - November 23 2005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initialand final value and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Nov 23 2005Kotak Tax Saver Fund -
GrowthNifty 500 TRI ALPHA Nifty 50 TRI
Kotak Tax Saver Fund -Growth
Nifty 500 TRI Nifty 50 TRI
Since Inception 1217 1303 -085 1328 57797 64882 67113
Last 1 Year 2685 3347 -662 3137 12677 13337 13127
Last 3 Years 1219 1086 133 1288 14116 13621 14378
Last 5 Years 1741 1731 010 1729 22304 22207 22189
Kotak Equity Opportunities Fund Performance as on 26 Feb 2021
Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012 Different plans have different expense structure The performance details provided hereinare of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRAMFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
101
Kotak Equity Opportunities Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1980000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 7635338 2664264 1403160 880871 486395 158045
Scheme Returns () 1478 1526 1443 1540 2067 6502
Nifty 200 (TRI) Returns () 1281 1368 1351 1514 1931 6874
Alpha 197 158 092 026 136 -373
Nifty 200 (TRI) (Rs) 6308482 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 6292270 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1279 1341 1364 1570 1947 6633
Scheme Inception - September 09 2004 The returns are calculated by XIRR approach assuming investment of Rs 10000- 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 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 TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 09 2004Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI ALPHA Nifty 50 TRI Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1831 1537 294 1555 159694 105534 108232
Last 1 Year 2771 3224 -453 3137 12762 13214 13127
Last 3 Years 1158 1135 023 1288 13887 13803 14378
Last 5 Years 1791 1719 072 1729 22776 22089 22189
Kotak Bluechip Fund Performance as on 26 Feb 2021
Since inception date of Kotak Bluechip Fund - Reg Growth is 4022003 Mr Harish Krishnan has been managing the fund since 01012014Different plans have different expense structure Theperformance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000-investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 theperformance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the schemebenchmark performance is calculated using composite CAGR of SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Since Inception date of KotakBluechip Fund- Dividend plan is 29121998 Alpha is difference of scheme return with benchmark return
102
Kotak Bluechip Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 2170000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 9909049 2429408 1342358 867738 482271 158190
Scheme Returns () 1497 1354 1319 1479 2006 6528
Nifty 50 (TRI) Returns () 1393 1341 1364 1570 1947 6633
Alpha 103 013 -045 -091 059 -105
Nifty 50 (TRI) (Rs) 8857197 2412890 1363994 887303 478297 158761
SampP BSE SENSEX (TRI) (Rs)^ 9110194 2472879 1393707 907359 481833 157647
SampP BSE SENSEX (TRI) Returns () 1419 1387 1424 1662 2000 6429
Scheme Inception - December 29 1998 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the scheme benchmark SIP Performance is calculated by taking SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Alpha is difference of scheme return with benchmark return
Feb 04 2003Kotak Bluechip Fund -
GrowthNifty 50 TRI ALPHA SampP BSE SENSEX TRI
Kotak Bluechip Fund -Growth
Nifty 50 TRI SampP BSE SENSEX TRI
Since Inception 1967 1722 246 1738 256865 176573 181028
Last 1 Year 3007 3137 -130 3000 12998 13127 12990
Last 3 Years 1181 1288 -107 1422 13975 14378 14894
Last 5 Years 1575 1729 -154 1789 20767 22189 22764
Kotak India EQ Contra Fund as on 26 Feb 2021
Jul 27 2005Kotak India EQ Contra
Fund - GrowthNifty 100 TRI ALPHA Nifty 50 TRI
Kotak India EQ Contra Fund - Growth
Nifty 100 TRI Nifty 50 TRI
Since Inception 1321 1408 -088 1388 69209 78041 75924
Last 1 Year 3123 3120 003 3137 13113 13110 13127
Last 3 Years 1293 1191 102 1288 14396 14010 14378
Last 5 Years 1830 1719 110 1729 23155 22098 22189
Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
103
Kotak India EQ Contra Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1880000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5753810 2581589 1412974 907013 487708 163570
Scheme Returns () 1309 1467 1463 1660 2087 7522
Nifty 100 (TRI) Returns () 1268 1363 1351 1519 1891 6526
Alpha 041 104 112 141 195 996
Nifty 100 (TRI) (Rs) 5543589 2441380 1357611 876201 474636 158175
Nifty 50 (TRI) (Rs)^ 5371562 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1233 1341 1364 1570 1947 6633
Scheme Inception - July 272005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initial and finalvalue and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Other Funds Managed by Mr Deepak Agarwal
Mr Deepak Agrawal manages 12 funds amp All FMPs of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan (Kotak Bond Short Term Fund (May 02 02) Kotak Dynamic Bond Fund (May 26 08) Kotak Money Market Fund (Nov 25 07) Kotak Liquid Fund (Nov 04 03) Kotak Banking and PSU Debt Fund (Dec 29 98) Kotak Savings Fund (Jul 11 07) Kotak Credit Risk Fund (May 11 10) Kotak Medium Term Fund (Mar 21 14) Kotak Low Duration Fund (Jan 31 15) Kotak Corporate Bond Fund (Sep 21 07) Kotak Overnight Fund (Jan 15 19) All Fixed Maturity Plans in existence (Aug 1315) Kotak Floating Fund (May 14 2019)
Kotak Floating Rate Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 14052019 Mr Deepak Agrawal has been managing the fund since 14052019Kotak Banking and PSU Debt Fund - Growth Name of the Benchmark - CRISIL Banking and PSU Debt Index Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008Kotak Savings Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 13082004 Mr Deepak Agrawal has been managing the fund since 01042008Kotak Liquid Fund - Growth Name of the Benchmark - NIFTY Liquid Index Scheme Inception date is 04112003 Mr Deepak Agrawal has been managing the fund since 01052007Kotak Overnight Fund - Growth Name of the Benchmark - NIFTY 1D Rate Index Scheme Inception date is 15012019 Mr Deepak Agrawal has been managing the fund since 15012019Kotak Money Market Fund - Growth Name of the Benchmark - NIFTY Money Market Index Scheme Inception date is 14072003 Mr Deepak Agrawal has been managing the fund since 01112006
104
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Floating Rate Fund - Growth 808 514 NA NA NA NA 772 610
Kotak Banking and PSU Debt Fund - Growth 744 632 894 868 846 854 753 NA
Kotak Savings Fund - Growth 524 514 684 696 705 716 760 797
Bottom 3
Kotak Money Market Fund - Growth 520 471 692 638 699 672 728 742
Kotak Liquid Fund - Growth 377 388 577 582 627 624 715 717
Kotak Overnight Fund - Growth 296 312 NA NA NA NA 429 443
Funds Managed by Mr Harsha Upadhyaya
Mr Harsha Upadhyaya manages 4 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Opportunities Fund (Sep 9 04) Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) (Sep 11 09) Kotak Tax Saver Fund (Nov 2305)
Funds Managed by Mr Pankaj Tibrewal
Mr Pankaj Tibrewal manages 3 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Small Cap Fund (Feb 2405) Kotak Emerging Equity Fund (Mar 3007) Kotak Equity Hybrid Fund (Nov 2599) Kotak Smallcap Fund - Growth Name of the Benchmark - NIFTY Smallcap 100 TRI Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010 Kotak Equity Hybrid Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008
105
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Equity Opportunities Fund - Growth 2771 3224 1158 1135 1791 1719 1831 1537
Kotak Tax Saver Fund - Growth 2685 3347 1219 1086 1741 1731 1217 1303
Kotak Flexi Cap Fund - Growth 2497 3224 1082 1135 1738 1719 1391 1156
Kotak ESG Opportunities Fund - Growth Kotak ESG Opportunities Fund has not yet completed 1 year from Inception the performance of the scheme is not disclosed
Kotak Equity Opportunities Fund - Growth (Erstwhile Kotak Opportunities) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012
Kotak Tax Saver Fund - Growth Name of the Benchmark - Nifty 500 TRI Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015
Kotak Flexi Cap Fund - Growth (Erstwhile Kotak Standard Multicap Fund) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Small Cap Fund - Growth 5224 4358 1309 -017 2040 1419 1648 1274
Kotak Emerging Equity Fund - Growth 3676 3998 1207 679 1997 1624 1320 1332
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Funds Managed by Mr Hiten Shah
Mr Hiten Shah manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Balanced Advantage Fund (Aug 03 18) Kotak Equity Savings Fund (Oct 13 2014) Kotak Equity Arbitrage Fund (Sep 29 05) Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Equity Arbitrage Fund - Growth Name of the Benchmark - Nifty 50 Arbitrage Index Scheme Inception date is 29092005 Mr Hiten Shah has been managing the fund since 03102019
Funds Managed by Ms Shibani Kurian
Ms Shibani Kurian manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak India EQ Contra Fund - Growth (July 27 05) Kotak India Growth Fund Series 7 (Aug 31 18) Kotak Focused Equity fund (Jul 16 19) Kotak India EQ Contra Fund - Growth (Erstwhile Classic Equity Fund) Name of the Benchmark - Nifty 100 TRI Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak India Growth Fund - Series 7 - Growth Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 31082018 Ms Shibani Kurian has been managing the fund since 09052019
106
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Balanced Advantage Fund - Growth 1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Kotak Equity Arbitrage Fund - Growth 354 186 539 454 577 484 713 NA
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak India EQ Contra Fund - Growth 3123 3120 1293 1191 1830 1719 1321 1408
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak India Growth Fund - Series 7 - Growth 2018 3137 NA NA NA NA 1042 1037
Other Funds Managed by Mr Harish Krishnan
Mr Harish Krishnan manages 7 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak BluechipFund (Feb 04 03) Kotak Infrastructure amp Economic Reform Fund (Feb 25 08) Kotak India Growth Fund Series 5 (May1518) Kotak Balanced Advantage Fund (Aug 0318) Kotak Equity Savings Fund (Oct 13 14) Kotak Focused Equity fund (Jul 16 19) Kotak Pioneer Fund (Oct 31 19
Kotak Pioneer Fund - Growth Name of the Benchmark - 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Kotak India Growth Fund Series 5- Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018Kotak Bluechip Fund - Growth (Erstwhile Kotak 50) Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 04022003 Mr Harish Krishnan has been managing the fund since 15112013Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Infrastructure and Economic Reform Fund - Growth Name of the Benchmark - India Infrastructure Index (Customised Index by IISL) Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 31012015
107
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Pioneer Fund - Growth 5550 4230 NA NA NA NA 3678 2467
Kotak India Growth Fund - Series 5 - Growth 4661 3224 NA NA NA NA 1389 1146
Kotak Bluechip Fund - Growth 3007 3137 1181 1288 1575 1729 1967 1722
Bottom 3
Kotak Infrastructure and Economic Reform Fund -Growth
2940 3064 405 243 1332 1089 719 133
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Other Funds Managed by Mr Abhishek Bisen
Mr Abhishek Bisen manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Hybrid Fund (Nov 05 2014) Kotak Debt Hybrid Fund (Dec 02 03) Kotak Bond Fund (Regular Plan) (Apr 15 08) Kotak Gilt Fund (Regular amp PF-Trust) (Dec 29 98) Kotak Equity Savings Fund (Oct 13 14) Kotak Gold ETF (Jul 27 07) Kotak Gold Fund (Mar 25 11) Kotak Balanced Advantage Fund (Aug 03 18)
Kotak Gold Fund - Growth Name of the Benchmark - Price of Gold Scheme Inception date is 25032011 Mr Abhishek Bisen has been managing the fund since 04032011Kotak Gold ETF Name of the Benchmark - Price of Gold Scheme Inception date is 27072007 Mr Abhishek Bisen has been managing the fund since 15042008 amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Equity Hybrid Fund - Growth (Erstwhile Kotak Balance) Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 and Kotak Equity Hybrid Fund - Regular plan scheme inception date is 3rd November 2014 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008Kotak Bond Fund - Growth Name of the Benchmark - NIFTY Medium to Long Duration Debt Index Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Balanced Advantage Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 5050 Index Scheme Inception date is 03082018 Mr Abhishek Bisen amp Mr Harish Krishnan has been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019
108
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Kotak Balanced Advantage Fund - Growth1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth1314 963 790 704 934 816 837 719
Bottom 3
Kotak Gold Fund - Growth 741 765 1445 1467 887 860 671 815
Kotak Gold ETF 710 765 1380 1467 764 860 1178 1290
Kotak Bond Fund - Growth 672 765 879 912 800 859 878 NA
Other Funds Managed by Mr Devender Singhal
Mr Devender Singhal manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak DebtHybrid Fund - Growth (Dec 02 03) Kotak India Growth Fund Series-4 (Feb 14 18) Kotak NV20 ETF (Dec 01 15) Kotak Banking ETF (Dec 10 14) Kotak Sensex ETF (Jun 06 08) Kotak Asset AllocatorFund (Aug 09 04) Kotak PSU Bank ETF (Nov 08 07) Kotak Nifty ETF (Feb 02 10)
Kotak India Growth Fund - Series 4 - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 14022018 Mr Devender Singhal has been managing the fund since 24012019Kotak NV20 ETF - Name of the Benchmark Nifty 50 Value 20 TRI Scheme Inception date is 01122015 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Sensex ETF Name of the Benchmark - SampP BSE SENSEX TRI Scheme Inception date is 06062008 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Nifty ETF Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 02022010 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Banking ETF Name of the Benchmark - Nifty Bank TRI Scheme Inception date is 10122014 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak PSU Bank ETF - Name of the Benchmark Nifty PSU Bank TRI Scheme Inception date is 08112007 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019
109
Scheme Name
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak India Growth Fund - Series 4 -Growth
6667 3224 1471 1135 NA NA 1462 1173
Kotak NV20 ETF 3937 4355 1526 1660 1902 2002 1643 1620
Kotak Nifty ETF 3078 3137 1261 1288 1647 1729 1044 1181
Bottom 3
Kotak Sensex ETF 2955 3000 1390 1422 1696 1789 982 1097
Kotak PSU Bank ETF 2203 2303 -876 -807 248 359 -163 -014
Kotak Banking ETF 1749 1948 1108 1183 2008 2068 1087 1132
Fund Type of Scheme
Kotak Equity Opportunities Fund Large amp Mid Cap Fund - An open ended equity scheme investing in both large cap and mid cap stocks
Kotak Small Cap Fund Small cap fund - An open-ended equity scheme predominantly investing in small cap stocks
Kotak Emerging Equity Fund Mid Cap Fund - An open ended equity scheme predominantly investing in mid cap stocks
Kotak Tax Saver Fund An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
Kotak Balanced Advantage Fund Open ended Dynamic Asset Allocation Fund
Kotak Pioneer Fund An open ended equity scheme investing in pioneering innovations theme
Kotak India EQ Contra Fund An open-ended equity scheme following contrarian investment strategy
Kotak Debt Hybrid Fund An open ended hybrid scheme investing predominantly in debt instruments
Kotak Bluechip Fund Large cap fund - An open-ended equity scheme predominantly investing in large cap stocks
Kotak Asset Allocator FundAn open ended fund of fund scheme investing in specified open-ended equity and debt Schemes of Kotak Mahindra
Mutual Fund
Kotak Equity Arbitrage Fund An open ended scheme investing in arbitrage opportunities
Kotak Equity Savings Fund An open ended scheme investing in equity arbitrage and debt
Kotak Flexicap Fund Flexicap Fund - An open ended dynamic equity scheme investing across large cap mid cap small cap stocks
Kotak Focused Equity Fund An open ended equity scheme investing in maximum 30 stocks in large-cap mid-cap and small-cap category
Kotak Floating Rate Fund An open ended debt scheme predominantly investing in floating rate instruments
Kotak Equity Hybrid Fund An open-ended hybrid scheme investing predominantly in equity and equity related instruments
Kotak International REIT FoFAn open ended fund of fund scheme investing in units of SMAM ASIA REIT Sub Trust fund andor other similar overseas
REIT funds
Kotak ESG Opportunities FundAn open ended equity scheme which follows the Environment Social and Governance (ESG) theme with flexibility of
investing across market capitalization 110
Fund Type of Scheme
Kotak Overnight Fund An open ended debt scheme investing in overnight securities
Kotak Gilt Fund An open ended debt scheme investing in government securities across maturity
Kotak Money Market Fund An open ended debt scheme investing in money market instruments
Kotak Savings Fund An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months
Kotak Bond Short Term Fund An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years
Kotak Corporate Bond Fund An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds
Kotak Credit Risk Fund An open ended debt scheme predominantly investing in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds)
Kotak Banking amp PSU Debt Fund An open ended debt scheme predominantly investing in Debt instruments of banks Public Sector Undertakings Public Financial Institutions and Municipal Bonds
Kotak Liquid Fund An open ended liquid scheme
Kotak Low Duration Fund An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months
Kotak Medium Term Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years
Kotak Dynamic Bond Fund An open ended dynamic debt scheme investing across duration
Kotak Bond Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years
Kotak India Growth Fund Series 5
Multicap Fund - A 1099 days close ended equity scheme investing across large cap midcap and small cap stocks
Kotak India Growth Fund Series 4
Multicap Fund - A 36 months close ended equity scheme investing across large cap midcap and small cap stocks
Kotak Infrastructure amp Economic Reform Fund
An open ended equity scheme following Infrastructure amp Economic Reform theme
111
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 112
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 113
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 114
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 115
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 116
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector biasKotak India Growth Series 4
Kotak India Growth Series 5bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector bias
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 117
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 118
Kotak Liquid Fund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Thank You
Stay Safe Stay Healthy and Stay Invested
119
Solid Breadth Of Companies Beating Earnings Estimates Across Regions
7Source Bloomberg Finance LP Deutsche Bank
Market Likely Driven By Excess Personal Savings
8
US Excess Personal Savings
Source BEA Haver Analytics Morgan Stanley Research forecasts as of Jan 25 2021
US Retail Investors Plan To Put A Significant Chunk Of Any Forthcoming Stimulus Into The Stock Market
9
Planned proportion of stimulus amount in stock market investment if received in 2021 ()
Source dbDIG Survey Deutsche Bank Asset Allocation
Surge In US Inflation Expectation Continues UnabatedNow at Its Highest Level In Over 8 Years
10Source Compoundadvisorscom
Commodity Prices Are Rising But Not Yet To Dramatic Levels of 2007-08
11Source Refinitiv
lndian Economy
12
Headlines In Feb 21
13
Source Business Today
Source Bloomberg Quint
Updated on Feb 09 2021 0701 PM IST
Headlines In Feb 21
14
Source Business Standard
Source Bloomberg Quint
Company Registration Jumps 21 in April ndash Decrsquo20
15Source MCA
Sharp growth was due to the progression of smaller firms and LLPs towards forming companies as growth picked up along with improved facilitation through digital services
Indiarsquos Debt To GDP VS Major Economies
16Source Economic Survey 2020-21
Indiarsquos Public Debt To GDP Has Been Significantly Low Compared To Other Countries
Governmentrsquos Reform Momentum To Bolster Potential Growth
17Source Elara Securities
18
V Shaped Recovery
Source HIS Markit Bloomberg Index reading above 50 signals growth Score is generated on the three-month weighted averages of the indicators against the past thirty months of historical data
Domestic and overseas demand hold up for Indian companies
Nomura India Business Resumption Index Is Almost At Pre-Pandemic Levels
19
The resurgence of COVID-19 could represent a downside risk
Source Google Apple CMIE Bloomberg and Nomura Global Economics
PLI Schemes Can Add 16 To FY27 GDP amp Encourage Domestic Industry
Source RAVE Credit Suisseestimates 20
Real Estate Should Support Economic Recovery
Source The BLOOMBERG PROFESSIONALTM service Credit Suisse estimates
Mortgage rates have fallen to record lowsAffordability levels at all-time high
Source SBI HDFC Jefferies 21
Budget Aims For Ambitious Infra Spending In FY22
22
Budget has laid ambitious target for FY22 spending Infrastructure capex allocation for FY22 is steep execution key
Source Budget Elara Securities Research
Risk
23
Covid 19 Isnrsquot Yet Over
24Source Times of India
Upside Risks To Inflation Remain
25
Source CEIC UBS
RBI Survey Indicates Confidence Still Lagging
26Source RBI
Unemployment is Down but Income
27
CMIE Series of Unemployment unemployment rate (UER) (gt=15)
Unemployment Rate 30 day moving average ()
Unemployment Rate01 Mar 2021
Source CMIEcom
Equity Markets
28
Sare Jahan Se Acha Hindustan Hamara
Source Axis Capital29
-240
-168
-79
-72
-56
-26
-18
39
266(USD bn)
12 MONTHS FPI FLO W (Feb20 to Feb21)
India
Brazil
Indonesia
Philippines
Malaysia
South Africa
Thailand
Taiwan
South Korea
Source Bloomberg Axis Capital As on 28th February 2021 Past Performance may or may not sustain in the future
Performance Across Market Cap
Performance as on 28th Feb 2021 Sectoral Performance CY20 YTD ()
66
113 122
297
386 418
115
58
(12)
156 151 130
105 122
92
(10)
0
10
20
30
40
50
Nifty-50 Nifty Midcap 100 NSE SmallCap 100
1m returns 1y returns 3 yr CAGR 5 yr CAGR 10 yr CAGR
14
12
4
17
11 11 11 11
8
65
0
-1
-5
-8
Sma
llcap
10
0
Mid
cap
100
NIF
TY
50
Me
tals
Rea
lty
Ban
k
Ener
gy
Au
to
Pri
vate
Ban
ks
Fin
anci
als
Secv
ice
s
IT S
erv
ice
s
Me
dia
FMC
G
Ph
arm
a
30
Bumper Results for Dec 20 Quarter
31
Source MOSL Research
193 Cos Actual Expected
Sales 0 -2
EBITDA 19 15
PBT 33 20
PAT 31 17
NIFTY 50 Cos Actual Expected
Sales -1 -2
EBITDA 15 10
PBT 23 9
PAT 22 7
Significant Profit Pool Expansion Seen In PSU Banks Cement Auto And Auto Ancillary And Metals
32
Source ICICI Securities Internal Analysis Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
Profit Growth By Sectors
Nifty Earnings Are Expected To Accelerate Sharply Over Next Two Years
33Source NSE Company data IIFL Research Note Based on IIFL estimates
236 285 310 333
372 402 404 386
418 414
483 457 508
685
796
(41)
207
89 74
117
81
05
(45)
83
(10)
167
(54)
111
349
163
(10)
(5)
0
5
10
15
20
25
30
35
40
0
100
200
300
400
500
600
700
800
900
FY0
9
FY1
0
FY1
1
FY1
2
FY1
3
FY1
4
FY1
5
FY1
6
FY1
7
FY1
8
FY1
9
FY2
0
FY2
1ii
FY2
2ii
FY2
3ii
Rs (LHS) YoY (RHS)
Nifty EPS
Valuation Wise ndash Neutral Weight Momentum Wise - Overweight
Neutral weight doesnt mean selling equity It means profitbooking on excess position
34
Market Cap-to-GDP Ratio ndash Above Long Term Average
Market cap-to-GDP ratio Market rebound brings ratio above long term average
OW Equities =Ratio Below Historical Lows Neutral Equities = Ratio at Historical Average
Source Motilal Oswal 35
52
82 83
103
55
95
88
71
64 66
81
69
7983
79
56
104
FY05
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19
FY20
FY21
E
Average of 75 for the period
Valuations Are At The Higher End Of Fair Value
NIFTY PE (x) - 1 Year Forward NIFTY PB (x) - 1 Year Forward
Source Motilal Oswal36
207
8
13
18
23
28
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 179x
31
15
23
30
38
45
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 27x
37
Valuations Above Long Term Average
Source FactSet Kotak Institutional Equities Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
1 Year Forward Sector PE Current 10y Average Premium(discount)
Automobiles 232 158 469Energy 158 110 431Cement 303 219 387
Consumer Discretionary 590 425 387Technology 236 177 331Industrials 250 201 246
Pharmaceuticals 243 222 94Consumers 348 318 94
Metals 93 103 -94Utilities 80 110 -276
Consumer ex ITC 507 394 285Automobiles ex Tata Motors 228 185 231Energy ex Reliance Industries 80 90 -117
1 Year Forward Sector PB Current 10y Average Premium(discount)
Pvt banks 28 25 126PSU banks 10 11 -61
Earnings Are Increasing
38Source Bloomberg
QuarterReported PAT for NSE 500
Rs in CroreAnnualised PAT on Dec 20
Dec 19 122235
Mar 20 53406
June 20 32400
Sept 20 176786 707144
Dec 20 209795 839180
TTM 472387
Market Cap (280221) 18850128
PE Ratio 399 225
Highest Ever Quarterly Profit by India Inc
Valuations Are Not As Perceived
39
Company
PE
FY20Q1FY21
(Annualised)Q2FY21
(Annualised)Q3FY21 (Annualised) FY22E
Shree Cement 634 648 439 383 358
Ultra tech Cement 488 484 375 292 321
Mindtree 397 311 261 203 191
Asian Paints 814 2567 663 447 613
Persistent Systems 378 357 315 265 239
Hero Motocorp 190 2782 181 159 183
Bajaj Auto 223 537 249 182 202
Source Company data Kotak estimates Stocks mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of aninvestment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
The data for FY20 Q1Q2Q3 are actuals (annualised in the quarters) while FY22 is estimates
High Nifty Valuations Conceals the bargain opportunities in select Quality stocks
40Source ICICI Securities Internal Analysis
Adjusted PE Shows The True Valuation
Time To Be Neutral Weight To Equities
Marginally OW Small and Midcap
Marginally UW Large cap
Neutral Weight Equity
41
SIP has performed well
42
Patience Pays Off in SIPKotak Emerging Equity Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty Midcap 100 TRI is the benchmark for Kotak Emerging Equity FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund
43
Kotak Emerging Equity Fund Feb-19 Feb-20 Feb-21
10 Yr 1630 1567 1943
7 Yr 1636 1506 1745
5 yr 1024 889 1807
3 yr 324 526 2647
1 yr -984 1316 9422
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1239 991 1480
7 Yr 1212 867 1370
5 yr 736 317 1440
3 yr 079 -333 2237
1 yr -1572 -097 9753
Patience Pays Off in SIPKotak Tax Saver Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 500 TRI is the benchmark for Kotak Tax Saver FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculatingreturn on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting fromthe beginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer todisclaimer slides for scheme information and detailed performance of the fund
44
Kotak Tax Saver Fund Feb-19 Feb-20 Feb-21
10 Yr 1192 1159 1450
7 Yr 1227 1163 1406
5 yr 924 846 1511
3 yr 631 574 2027
1 yr -093 480 6660
Nifty 500 TRI Feb-19 Feb-20 Feb-21
10 Yr 1138 992 1387
7 Yr 1163 916 1367
5 yr 903 658 1525
3 yr 732 201 1992
1 yr -456 -397 7206
Patience Pays Off in SIPKotak Equity Opportunities Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021Returns are for regular plan Nifty 200 TRI is the benchmark for Kotak Equity Opportunities FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund 45
Kotak Equity Opportunities Fund Feb-19 Feb-20 Feb-21
10 Yr 1277 1242 1526
7 Yr 1281 1192 1443
5 yr 923 885 1540
3 yr 576 582 2067
1 yr -313 720 6502
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1140 992 1368
7 Yr 1165 915 1351
5 yr 931 686 1514
3 yr 822 256 1931
1 yr -274 -478 6874
46
Patience Pays Off in SIPKotak Bluechip Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 50 TRI is the benchmark for Kotak Bluechip FundDisclaimer SIP is an optional feature offered by Kotak Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mutual Past performance may or maynot be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating return on investmentsgiven an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from the beginning of thesubsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides forscheme information and detailed performance of the fund
Kotak Bluechip Fund Feb-19 Feb-20 Feb-21
10 Yr 1078 1016 1354
7 Yr 1064 940 1319
5 yr 758 678 1479
3 yr 539 435 2006
1 yr -282 108 6528
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1108 979 1341
7 Yr 1130 918 1364
5 yr 958 772 1570
3 yr 989 429 1947
1 yr 112 -515 6633
47
Equity Investment Opportunity
48
Kotak Pioneer Fund
India Basketbull Approx 80 of portfolio invested in 35 businesses
in India
bull Digital ecosystems
bull China + strategy for manufacturing
bull Consumer discretionary
bull Healthcare
bull Chemicals
bull Fintech
bull Materials
bull Investing in a global fund with a similar pioneering theme ndash CI SignatureTechnology Fund
bull Much more than FANGM (Facebook Amazon Netflix Google Microsoft)
bull FANGM investment less than 5 of CI Signature Technology Fund as on Jan2021
bull Investments in decentralized finance payments ecommercesemiconductor urban transport social media etc
bull The international diversification ndash hedge against the domestic businesscycle and potential of INR depreciation against the USD over the mediumterm
Companies that use technology through process for enduring competitive advantage
International Diversification
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
1 YearSince
Inception(31102019)
Kotak Pioneer Fund - Regular Plan 5550 3678
Benchmark 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI 4230 2467
Nifty 50 TRI 3137 1752
Less than equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
49
Kotak Small Cap Fund
bull Kotak Small Cap Fund Identifies the hidden growth potential of small cap sized companies
bull The essence is to spot them young and watch them grow
bull Kotak Small Cap Fund focus on investing in quality businesses with strong competitive edge run by great management generating high return on capital amp offering sustainable growth with high market potential and available at reasonable valuations
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Scheme Name 1 Year 3 Year 5 Year 7 Year 10 year
Kotak Small Cap Fund - Reg - Growth 5207 1309 2037 2233 1777
Nifty Smallcap 100 TRI 4344 -017 1412 1488 1045
Healthy growth in Revenue EBITDA and PAT in investee companies in the aftermath of COVID 19 ( Q3FY21)
Sales Growth YoY EBITDA Growth YoY PAT Growth YoY
Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21
Kotak Small Cap Fund -243 53 167 173 262 312 -163 311 338
Kotak Asset Allocator Fund ndash An Effective Asset Allocation Medium To Ride The Market
PeriodKotak Asset Allocator
Fund - GrowthNIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1578 1221 1722
Last 5 Year 1464 1355 1729
Last 3 Years 1462 1199 1288
Last 1 Years 2928 2142 3137
Past performance may or may not be sustained in the future Inception date is as of Aug 09 2004
Mutual Fund investments are subject to market risks read all scheme related documentscarefullySource ICRA As on 28th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Return Profile
bull Higher Flexibility of allocation (0-100 in Equities)bull Current equity allocation is 37
50
51
Debt Investors With Marginal Appetite For Equity Can Consider Investment In Kotak Debt Hybrid Fund
bull Fixed income component at ~75 amp above This keeps the volatility low amp relatively marginal level
bull Equity exposure at 25 or less allows the investor to obtain the flavor of equity play without significant risk to capital
bull SWP can be utilized to meet ldquotax efficientrdquo income requirements of the investor
Source ICRA As on 26th Feb 2021 Industry data is from AMFI and Kotak Debt Hybrid data is from CAMS Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Please consult your tax advisor for further details
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Benchmark Crisil Hybrid 85+15 ndash ConservativeIndex
Net Aum flows in Rs Crs over last 12 months()
As on 31st Jan 2021
885
-15540 -14655
Kotak Debt Hybrid Others Total
Time HorizonKotak Debt Hybrid
Fund Nifty 50 TRI Benchmark
1 Year 1502 3137 1166
2 Years 1329 1742 1206
3 Years 923 1288 1010
5 Years 1046 1729 1030
52
Shift Money To Alpha Generating Large Caps
7 Years 5 Years 3 Years 1 Year
Kotak Bluechip Fund ndash Direct Plan 1655 1694 1272 2655
Nifty 50 TRI 1423 1712 1254 2583
bull Kotak Bluechip Fund is flexible in its large cap themes rather than being rigid in different market scenarios
bull It continues to focus on businesses with favourable supply side dynamics
bull Also focuses on capital efficiency with a reasonable track-record of capitalizing on various opportunities
bull There are broadly 4 sub-themes that fund captures now namely Financial Savings Moving from Lockdown to Unlock Consumer Demand amp Global Business
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than 1 year Absolute returns Greater than 1 year Compound Annualized returnsPast performance may or may not be sustained in the future Direct Growth option Inception Date is 1st Jan 2013 (Regular Plan Dividend Option InceptionDate Dec 29 1998)
Should We Invest In Gold
53
Gold
bull We have highlighted risk of import duty being reduced to our gold call
bull The same has played out in this budget as import duty rationalised from 125 to 10 ( 75 Import Duty Plus Agriculture Cess )
bull If the import duty is reduced further to that extent there will be a drop in Rupee Gold prices instantly
bull Subject to that volatility we remain bullish Gold on a longer term basis
bull Gold has corrected in recent times for accumulation
Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before
acting on any information in this communication54
Active VS Passive Funds in Alpha Generation
55
56
Index Funds Underperforms Index
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documentscarefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance ampscheme information of the fund
Fund Category 1 Year 3 Year 5 Year
SampP BSE Sensex TRI 2990 1420 1790
Category Average 2866 1328 1684
Alpha-124 -092 -106
Fund Category 1 Year 3 Year 5 Year
Nifty 50 TRI3130 1290 1730
Category Average 3019 1193 1606
Alpha-111 -097 -124
Less than 1 year Absolute returns Greater than 1 year CAGR
Active Funds Can Give Alpha
bull Active funds canrsquot take more than 10instocks
bull Fund has to keep Cash to meetredemptions
bull Index changes stocks at the closing price with no impact cost
bull Globally Total Return Index is compared with funds gross return ie expenses are added back to performance In India TRI is compared with net return of the fund
bull In Insurance for eg they comparegross return with PRI In MF wecompare TRI with net return
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
57
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years()
Kotak Infrastructure amp Economic Reform Fund - Dir - Growth
3092 538 157 1841
India Infrastructure Index (Customised Index by IISL)
3064 243 1089 895
Alpha 028 295 481 946
Kotak Small Cap Fund - Dir - Growth 5427 1462 2281 2399
Nifty Smallcap 100 TRI 4344 -017 1512 1488
Alpha 1083 1479 769 911
Kotak Emerging Equity Fund - Dir - Growth 3842 1345 2235 2493
Nifty Midcap 100 TRI 3985 679 1739 1814
Alpha -143 666 496 679
Kotak Flexicap Fund - Dir - Growth 2614 1192 1969 1905
Nifty 200 TRI 3214 1135 1826 1498
Alpha -60 057 143 407
Kotak Equity Opportunities Fund - Dir -Growth
2915 1284 2035 1869
Nifty 200 TRI 3214 1135 1826 1498
Alpha -299 149 209 371
Kotak Tax Saver Fund - Dir - Growth 2841 1353 1996 1889
Nifty 500 TRI 3337 1086 1836 1539
Alpha -496 267 16 35
Less than 1 year Absolute returns Greater than 1 year CAGR
58
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years
Kotak India EQ Contra Fund - Dir - Growth 3288 1444 2107 1711
Nifty 100 TRI 311 1191 1826 1468
Alpha 178 253 281 243
Kotak Bluechip Fund - Dir - Growth 315 1307 1812 1644
Nifty 50 TRI 3127 1288 1837 1414
Alpha 023 019 -025 23
Kotak India Growth Fund - Series IV - Dir - Growth 6903 1602 - -
Nifty 200 TRI 3214 1135 - -
Alpha 3689 467 - -
Kotak Pioneer Fund - Dir - Growth 5808 - - -
85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI
423 - - -
Alpha 1578 - - -
Kotak India Growth Fund - Series V - Dir - Growth 4674 - - -
Nifty 200 TRI 3214 - - -
Alpha 146 - - -
Active Funds Can Give Alpha
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
Less than 1 year Absolute returns Greater than 1 year CAGR
Our Funds Have Bounced From The Bottom
Source MFI Explorer As on 26th February 2021 Past performance may or may not sustain in the future Please consult your financial advisor orother professionals before acting on any information in thiscommunication Please refer to the disclaimer slides for scheme information
59
554
791840 853 855 864 906
9551001
12281308
Kotak BalancedAdvantage
Fund
Kotak EquityHybrid Fund
Kotak FlexicapFund
Kotak Tax SaverFund
Kotak EquityOpportunities
Fund
Kotak FocusedEquity Fund
Kotak BluechipFund
Kotak India EQContra Fund
Kotak EmergingEquity Fund
Kotak PioneerFund
Kotak SmallCap Fund
change in NAV of our funds when Nifty 50 was ~7610 (From 23rd Mar 2020 till 26th Feb 2021)
Regular growth Plans performance
Debt Market Outlook
March 2021
60
61
Source Bloomberg
Liquidity is Here To StayMarket may have misread RBI Signal
-9000
-8000
-7000
-6000
-5000
-4000
-3000
-2000
-1000
0
1000
5
55
6
65
7
75
Jun
-19
Jul-
19
Au
g-1
9
Sep
-19
Oct
-19
No
v-1
9
Dec
-19
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
India 10-Year Bond Yield (LHS)
India Banking System Liquidity (RHS)
INR Bn
bull Overnight rates will remain anchored at Reverse Repo rates longer than what market is pricing in bull RBI aims to normalize CRR in the near-term The CRR normalisation opens up space for a variety of market operations to inject
additional liquidity which may induce curve flattening
62
Fear of Liquidity Withdrawal Spooked The Mid-To-Long End (~2-7years) of The Curve
bull Yield Curve is now pricing in more negatives ndash liquidity tightening rate hikes etc
bull Yields have moved up across the curve especially mid to long end of the yield curve
Source Bloomberg
3
4
5
6
7
8
3M 6M 1Y 2Y 3Y 4Y 5Y 6Y 7Y 8Y 10Y 11Y 12Y 13Y 14Y 15Y 23Y 30Y 40Y
India Sovereign Curve ()
01-Mar-21 31-Dec-20 30-Jun-20
Opportunity of value creation exists in the longer end of the curve
The current yield curve is too steep enhancing the case to chase the carry in fixed income as opposed to capital gains
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
FII Activity in Debt Market
Source Axis Capital
USD Mn
63
(1494)
381
(8680)
(1434)
(2695)
402
(534)(142)
471 520 191 1080
(740) (391)
(10500)
(9000)
(7500)
(6000)
(4500)
(3000)
(1500)
0
1500
3000
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
Source MOSPI ICRASource Bloomberg RBI Internal Research Morgan Stanley Research
406
530
00
10
20
30
40
50
60
70
80
Mar
-15
May
-15
Jul-
15
Sep
-15
No
v-1
5
Jan
-16
Mar
-16
May
-16
Jul-
16
Sep
-16
No
v-1
6
Jan
-17
Mar
-17
May
-17
Jul-
17
Sep
-17
No
v-1
7
Jan
-18
Mar
-18
May
-18
Jul-
18
Sep
-18
No
v-1
8
Jan
-19
Mar
-19
May
-19
Jul-
19
Sep
-19
No
v-1
9
Jan
-20
Mar
-20
May
-20
Jul-
20
Sep
-20
No
v-2
0
Jan
-21
CPI Core CPI
Headline Inflation To Remain Range-bound Though Marginally Above The 4 Mark In The Near Term
bull We expect a prolonged pause from the MPC in FY22 and an accommodative stance until late FY22 at least
CPI is still likely to be above the medium-term target of 4 for most of H1-FY22 further rate cuts appear unlikely unless the economic environment worsens significantly
64
65
RBI Remains Committed on OMOOperation Twist To Fund Govt Borrowing
FY 21 (RE) FY 22 (BE)
Gross Market Borrowing 1279788 1205708
Source indiabudgetgovin Internal Estimates BE is Budgetary estimates RE is revised Estimates
(in Rs Crores)
INR 75000 cr OMOOperation Twist already done post budget borrowing announcement
Source CNBC
SDL Spreads Close To Peak Levels Attractive in Terms of Valuation
10yr Central Govt Gilt Yields vs 10yr SDL Yields
Source RBI Jefferies66
Current Spreads Look Attractive For Long Term Investors
Source Bloomberg Citi Research
Spread between 10year Gilt and 1year Gilt Yield MPCrsquos Focus on Term Premia Is Likely To Prevent Imminent Sharp Rise In Bond Yields
Incremental Spreads in 10 Year provides a good cushion to shocks
67
211
0
50
100
150
200
250
300
Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21
Case For Carry Corporate Bond Spreads Show Attractive Valuation Opportunity
Source Bloomberg Jefferies
Corporate AAA Bond Yield ()
68
444
558
3
35
4
45
5
55
6
65
7
75
Mar
-hellip
Ap
r-2
0
May
-hellip
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
1 Year AAA Corporate Bond
3 Year AAA Corporate Bond
450
500
550
600
650
700
750
800
850
1Y 2Y 3Y 4Y 5Y 7Y 10Y
01-Mar-21 29-Jan-21 31-Dec-19
India Corporate Bond Curve
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
69
Market Is Pricing In More Negative News
NABARD Yield Incremental Yield
adjusted for holding period
Protection for Rise in 10 yrNabard (bps)
Breakeven level10 yr Nabard
A 1 yr 425 After 1 yr
10 yr 715 29 051 766
B 2 yr 505 After 2 yr
10 yr 715 21+21=42 084 799
C 3 yr 56 After 3 yr
10 yr 715 155+155+155=455 103 818
Assuming investment HTM in short bonds for respective holding periods Adjusted is incremental yield for 2 yrmultiplied by 2 and 3 yr by 3
Source Internal Analysis The above illustration is not an indication of our portfolio
Debt Outlook
70
bull Liquidity is here to stay much longer than what market is fearing
bull Overnight rates are expected to gradually trend higher as normalisation of rates take place over the course of next 1 year
bull Fear of Liquidity withdrawal has led to sharp spike in OIS- swap yields in 1 yr at 392 and 2 yr at 435 this effectively means forward curve is pricing in almost 3 rate hikes of 25 bp each in Repo rate for the seller of the 2 yr swap to break even In our opinion is too soon and more than what the fundamental situation can justify purely based on inflation outlook
bull Inspite of the recent spike in crude oil prices average headline inflation for FY 22 is in the band of 5-525
bull With comfort on inflation reduction in gold imports stable to appreciating INR (High Fx reserves)We believe RBI will maintain a status quo along with its accommodative stance as there is no big urgency to rush for rate hikes
bull RBI while not giving OMO calendar is actually done decent amount of OMO till now and remain committed for more As the System isflush with liquidity and FX flows coming RBI is constrained to conduct aggressive OMO and add liquidity As the CRR cut reversal announced earlier will take out about 16 lac cr worth liquidity will increase the ability of the RBI to conduct outright OMO vs OT which will be more positive the long bonds
bull For investors it is best to stick to intended investment horizons as volatility would continue to be order of the day
bull Duration investors with appetite for volatility can look to invest in the Gilt Bond and Dynamic Bond Funds space
bull Investors looking for relatively higher YTM can consider Floating rate Fund Medium-Term Fund and Credit Risk Fund segment
bull Investors should stay invested across fixed income strategies ndash as ldquocarryrdquo assumes significance over ldquocapital gainsrdquo
Debt Investment Opportunity
71
Debt Funds Have Generated Good Returns For The Patient Investors
Source MFi Explorer Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to disclaimer slides for detailed performance and scheme information of the funds 72
Fund Name 3 Year Returns of Fund () (CAGR)
Kotak Gilt Fund 980
Kotak Dynamic Bond Fund 921
Kotak Banking and PSU Debt Fund 894
Kotak Bond Fund 879
Kotak Corporate Bond Fund 838
Kotak Bond Short Term Fund 815
Kotak Credit Risk Fund 702
Kotak Medium Term Fund 650
73
Kotak Dynamic Bond Fund Has Outperformed Over Long-Term Since 2018
928
600
650
700
750
800
850
900
950
1000
1050
Feb
-18
Ap
r-1
8
May
-18
Jul-
18
Au
g-1
8
Sep
-18
No
v-1
8
Dec
-18
Jan
-19
Mar
-19
Ap
r-1
9
Jun
-19
Jul-
19
Au
g-1
9
Oct
-19
No
v-1
9
Jan
-20
Feb
-20
Mar
-20
May
-20
Jun
-20
Jul-
20
Sep
-20
Oct
-20
Dec
-20
Jan
-21
Feb
-21
Rolling Returns()
Kotak Dynamic Bond Fund - Reg - Growth NIFTY Composite Debt Index
915
Credit funds carry credit risk and duration dynamic funds carry interest rate risk
Hence our advice to IFA distributors is that they allocate clients money in both dynamic and accrual funds from a 3 year perspective
Source ICRA As on 26th February 2021 The above returns is daily rolling returns for last 36months Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please refer to the disclaimer slides for detailed performance of the fund
Kotak Medium Term Fund
Fund YTM (As on 26 Feb 2021) Respective Segment YieldsIncremental Earnings
(Spread)
Kotak Medium Term Fund 699 3 Year AA 574 125
Source Bloomberg Data as on 26-Feb-2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for performance details amp scheme information
Mutual fund investment are subject to market risks read all scheme related documents carefully
26-Feb-2021 Average Maturity (Years) Modified Duration (Years) Macaulay Duration (Years)
378 263 281
bull Duration of the fund has come down as we expect normalisation of rates to take place over the course of next 1 year We see merit in running lower duration in Medium Term Fund
bull We believe Kotak Medium Term fund is a reasonably attractive investment option for investors with minimum 1 year investment horizon
74
Attractive Yields Across The Segment
Source Bloomberg Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for scheme details
Mutual fund investment are subject to market risks read all scheme related documents carefully 75
458
699 699
389
638 638
0
1
2
3
4
5
6
7
8
Kotak Low Duration Fund Kotak Credit Risk Fund Kotak Medium Term Fund
YTM () (As on 26 Feb 21) Respective Segment Yields ()
1 Year OIS
3 Year AA
3 Year AA
Incremental Spread 069
Incremental Spread 061
Incremental Spread 061
Distributor Engagement
76
Prostart ndash Video Learning Platform
1FINANCIAL PLANNING (10 VIDEOS)
2SOCIAL MEDIA MARKETING (14 VIDEOS)
3UNDERSTANDING RISK IN MFrsquoS (5 VIDEOS)
4TAXATION IN MFrsquoS (2 VIDEOS)
5NEW NORMAL (1 VIDEOS)
6MAXIMIZING DIGITAL CONNECTIONS (2 VIDEOS)
7HANDLING INVESTOR EMOTIONS (4 VIDEOS)
8ACQUIRING NEW CLIENTS (3 VIDEOS)
9THE NEXT WAVE (3 VIDEOS)
77
Over 25000 Participants
have viewed these Videos (Till Feb 2021)
Testimonials
ldquoGood Initiative developed by Kotak MF to enhance knowledge amp practical approach for MFDsrdquo -Md Qaise Ghazali
ldquoVery Knowledgeable Thank You Kotak MF Teamrdquo ndashVikas Jain
10DEBT DEMYSTIFIED (12 VIDEOS)
78
Business Dashboard
Transaction History
Distributor Initiated Transaction
Capital Gain and Account Statement
Prostart
Business Hub
More than 13574 IFArsquos are actively using Business Hub
Dont miss out on the benefits of Business Hub
Co-branding Marketing Material
Business opportunities
Stay Updated Follow us at Kotak Mutual Fund Click here to visit our YouTube Channel
How To Boost Business Using Business Hub
Product Video ndash Now Available In Different Languages
Kotak Bluechip Fund
Debt Market Outlook ndash March 2021
Kotak NASDAQ-100 FOF
How to make money through equity asset allocation (English)
Equity Market Outlook ndash March 2021
HindiGujaratiMarathiTeluguKannadaTamilMalayalamBengali
English ndash Mr Arjun Khanna amp Ms Lakshmi Iyer amp Mr Harsha Upadhyaya
Hindi - Mr Arjun Khanna
79
80
Please Follow Like And Share Kotak Mutual Fundrsquos Official Social Media Pages For Regular Updates
Twitter - KotakMF - httpstwittercomKotakMF
Facebook - KotakMF - httpsfacebookcomKotakMF
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ANNEXURES
81
Kotak MF Mantra lsquoReturn of Capitalrsquo is more important
Strong Promoters Cashflow backed business Liquidity and Asset Security are key to our investment ideas
82
Rating amp Category Breakup Across Kotak MF Open-Ended Debt Funds
Data As on 26 Feb 2021
We follow our investment process of focussing on credit quality and liquidity profile of our debt funds and maintain high degree of transparency for investors
Please consult your financial advisor or other professionals before acting on any information in this communication
It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Mutual fund investments are subject to market risks read all scheme related documents carefully
Feb-21 April-20
Credit Rating of Open-Ended Debt Funds of Total AUM of Total AUM
TbillG-SecSDLAAAA1+Cash 9393 9281
AA+ 228 165
AA 248 290
AA- 087 142
Below AA- 043 122
Grand Total (AUM) (INR Cr) 11895880 78624
The above rating allocation does not include NCA (Net Current Assets)
83
bull At Kotak MF we have zero borrowing across all our funds as on 26 Feb 2021
Mutual fund investments are subject to market risks read all scheme related documents carefully
Liquidity Position Of Kotak MF Debt Funds As said earlier our incremental allocation has gone into higher quality assets
Name of the Fund Fund Category of AUM in AAA (Long Term) or
A1+ (Short Term) Sovereign Debt Cash amp NCA (Dec 2020)
of AUM in AAA (Long Term) or A1+ (Short Term) Sovereign Debt
Cash amp NCA (Apr 2020)
Non-Credit Strategies
Kotak Liquid Fund Liquid 100 100
Kotak Money Market Fund Money Market 100 100
Kotak Corporate Bond Fund Corporate Bond 100 100
Kotak Bond Short Term Fund Short Duration 100 100
Kotak Bond Fund Medium to Long Duration 96 86
Kotak Dynamic Bond Fund Dynamic Bond 92 85
Kotak Savings Fund Ultra Short Duration 91 87
Kotak Banking and PSU Debt Fund
Banking and PSU 88 79
Kotak Low Duration Fund Low Duration 85 52
Credit Strategies
Kotak Medium Term Fund Medium Duration 63 50
Kotak Credit Risk Fund Credit Risk 36 27
As on 26 Feb 2021It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Please refer to the disclaimer slides for scheme details
The above rating allocation includes NCA (Net Current Assets)
84
Key Variables amp Their Impact On Interest Rates
Key VariablesShort Term
(3-6mo)Medium Term
(6mo-2yrs)Remarks ndash( Denotes fall in Interest Rates )
InflationHeadline CPI is expected to be in the range of 4-5 for the year Despite expansion of the fiscal deficit the quality ofspending appears to be non inflationary Inflation is unlikely to be area of problem in the year
Rupee
INR has been quite strong since last 3m curtsey strong FDI and FPI flows in equity Lat 1 yr also its marginallydepreciated We have FX reserves closes to 600 bn and given CAD and TD under control INR is expected to remain wellbid We believe in the absence of any geo political event INR is expected to be stable and shall appreciate as economicgrowth stabilizes RBI is keeping INR competitive on REER basis
Credit DemandGradually economy is opening up and Credit growth is expected to pickup as unlocking activity resumes and gains momentum post vaccination in phases However situation is fragile and this may accentuate the situation further However easy rates may help some demand pickup Till then credit growth will not impact rates negatively
Government Borrowing
Union budget has shocked the market by giving 80 extra borrowing for the current year in dated securities Next year also borrowing is on heavier side However we believe the govt RBI may have some credible plan to conduct the borrowing smoothly As the budget is non inflationary and otherwise also inflation is under control there is no reason for govt to give so high real rates hence we believe the RBI will pull some demand leveres such as index inclusion or OMO Will have to wait for MPC
RBI PolicyRbi has shown commitment in the past and there is no reason for taking the rates higher hence we believe RBI is expected to come up with some credible plan If they leave it to the market then we are headed for a tough time
Global Event RiskThe News of a Vaccine has triggered a risk-on event and lead to a sharp rally in risk asset and bonds were sold offHowever yields will look for growth which may not come in a hurry On the other hand the risk of a geopolitical eventis always open
Corporate bond SpreadWhile some green shoots seen but on an over all basis the economy is still struggling Short term spreads have seendecent compression unlikely to compress further meaningfully Long terms bonds still offer attractive spreads but likelyjust a carry trade
Debt FII flowWe have seen some traction coming in near term with revival of flows from the FPI in debt However its seems real flows will only be seen with index inclusion
Liquidity
Despite very high liquidity more than 1 yr yield is moving higher as the fear is RBI will remove accommodation sooner than later However we believe large part of the move is done 2-10 yr curve
85
Key Variables amp Their Impact On Equities
Key VariablesShort -term
Medium ndashterm
Remarks
EconomyWhile Covid-19 impacts economy there is likely to be sequential improvement as Indian economy unlocks
Corporate EarningsWhile Covid-19 impacts corporate India there is likely to be sequential improvement as Indian economy unlocks
FII FlowIndia stands out among global asset classes with prospects of strong long term growth given favorable demographics
DII Flow Long runaway of growth in financialization of savings
Supply of paperHigher disinvestment target and repair of leveraged balance sheet to create supply in markets
PolicyReform Initiative Expect improved reform momentum
Signify Growth 86
Disclaimers amp Disclosures
87
The information contained in this (document) is extracted from different public sources All reasonable care has been taken to ensure that the information contained hereinis 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 KotakMahindra Asset Management Co Ltd or any associated companies or any employee thereofWe are not soliciting any action based on this material and is for generalinformation only Investors should consult their financial advisors if in doubt about whether the product is suitable for them before investing
These materials are not intended for distribution to or use by any person in any jurisdiction where such distribution would be contrary to local law or regulation Thedistribution of this document in certain jurisdictions may be restricted or totally prohibited and accordingly persons who come into possession of this document arerequired to inform themselves about and to observe any such restrictions
Mutual Fund investments are subject to market risks read all scheme related documents carefully
Disclaimers amp Risk Factors
88
Scheme Inception date is 26052008 Mr Deepak Agrawal has been managing the fund since 25112012 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Dynamic Bond Fund As on 26 Feb 2021
Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Banking amp PSU Debt Fund As on 26 Feb 2021
89
Dec 29 1998Kotak Banking and PSU
Debt Fund - GrowthCRISIL Banking and PSU
Debt Index ALPHA CRISIL 1 Year Tbill
Kotak Banking and PSU Debt Fund - Growth
CRISIL Banking and PSU Debt Index
CRISIL 1 Year TBill
Since Inception 753 NA NA 662 50043 NA 41450
Last 1 Year 744 632 112 547 10742 10630 10546
Last 3 Years 894 868 026 665 12926 12834 12127
Last 5 Years 846 854 -008 656 15006 15064 13739
May 26 2008Kotak Dynamic Bond
Fund - GrowthNIFTY Composite Debt
Index ALPHA CRISIL 1 Year TBill
Kotak Dynamic Bond Fund - Growth
NIFTY Composite Debt Index
CRISIL 1 Year TBill
Since Inception 860 846 014 648 28659 28180 22287
Last 1 Year 685 790 -105 547 10683 10788 10546
Last 3 Years 921 934 -013 665 13022 13068 12127
Last 5 Years 912 868 044 656 15470 15161 13739
Scheme Inception date is 06032008 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Low Duration Fund As on 26 Feb 2021
Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Fund As on 26 Feb 2021
90
Mar 06 2008Kotak Low Duration
Fund - GrowthNIFTY Low Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Low Duration Fund - Growth
NIFTY Low Duration Debt Index
CRISIL 1 Year TBill
Since Inception 769 827 -058 648 26178 28053 22605
Last 1 Year 669 594 075 547 10667 10592 10546
Last 3 Years 760 723 037 665 12455 12326 12127
Last 5 Years 774 735 039 656 14514 14256 13739
Nov 25 1999Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
ALPHA CRISIL 10 Year Gilt Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 878 NA NA NA 59893 NA NA
Last 1 Year 672 765 -093 493 10670 10763 10492
Last 3 Years 879 912 -033 894 12872 12990 12927
Last 5 Years 800 859 -058 734 14692 15093 14246
Scheme Inception date is 02052002 Mr Deepak Agrawal has been managing the fund since 11072007 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Short Term Fund on 26 Feb 2021
Scheme Inception date is 21092007 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Corporate Bond Fund on 26 Feb 2021
91
May 02 2002Kotak Bond Short Term
Fund - GrowthNIFTY Short Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Bond Short Term Fund - Growth
NIFTY Short Duration Debt Index
CRISIL 1 Year TBill
Since Inception 772 793 -021 607 40606 42094 30324
Last 1 Year 720 797 -077 547 10718 10794 10546
Last 3 Years 815 828 -013 665 12648 12692 12127
Last 5 Years 785 808 -024 656 14585 14746 13739
Sep 21 2007Kotak Corporate Bond
Fund - GrowthCRISIL Corporate Bond
Composite Index ALPHA CRISIL 1 Year TBill
Kotak Corporate Bond Fund - Growth
CRISIL Corporate Bond Composite Index
CRISIL 1 Year TBill
Since Inception 818 939 -120 645 28790 33407 23163
Last 1 Year 741 793 -052 547 10739 10791 10546
Last 3 Years 838 894 -057 665 12726 12927 12127
Last 5 Years 830 885 -055 656 14898 15277 13739
Scheme Inception date is 11052010 Mr Deepak Agrawal has been managing the fund since 12042010 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Credit Risk Fund As on 26 Feb 2021
Scheme Inception date is 21032014 Mr Deepak Agrawal has been managing the fund since 22062015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Medium Term Fund As on 26 Feb 2021
92
May 11 2010Kotak Credit Risk Fund -
GrowthNIFTY Credit Risk Bond
Index ALPHA CRISIL 1 Year TBill
Kotak Credit Risk Fund -Growth
NIFTY Credit Risk Bond Index
CRISIL 1 Year TBill
Since Inception 808 930 -121 671 23159 26128 20167
Last 1 Year 455 987 -532 547 10453 10984 10546
Last 3 Years 702 900 -198 665 12253 12946 12127
Last 5 Years 755 900 -145 656 14384 15380 13739
Mar 21 2014Kotak Medium Term
Fund - GrowthNIFTY Medium Duration
Debt Index ALPHA CRISIL 10 Year Gilt
Kotak Medium Term Fund - Growth
NIFTY Medium Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 812 900 -088 826 17192 18192 17350
Last 1 Year 456 873 -417 493 10455 10871 10492
Last 3 Years 650 902 -252 894 12078 12954 12927
Last 5 Years 730 863 -133 734 14218 15121 14246
Kotak Balanced Advantage Fund Performance as on 26 Feb 2021
Scheme Inception date is 03082018 Mr Harish Krishnan Mr Abhishek Bisen have been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the periodhave been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point(PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark Alpha is difference ofscheme return with benchmark return
Kotak Debt Hybrid Fund Performance as on 26 Feb 2021
Scheme Inception date is 02122003 Mr Abhishek Bisen has been managing the fund since 01042008 Mr Devender Singhal has been managing the fund since 25082015Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (CompoundedAnnualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of SchemeBenchmark Name of Additional BenchmarkThe performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark returnTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant(PRI)The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using compositeCAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return 93
Aug 03 2018Kotak Balanced
Advantage Fund -Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA Nifty 50 TRI
Kotak Balanced Advantage Fund -
Growth
NIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1092 1167 -075 1130 13052 13281 13166
Last 1 Year 1849 2142 -292 3137 11844 12135 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Dec 02 2003Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
ALPHA CRISIL 10 Year Gilt Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
CRISIL 10 Year Gilt
Since Inception 809 855 -045 582 38280 41141 26537
Last 1 Year 1502 1166 336 493 11497 11162 10492
Last 3 Years 923 1010 -086 894 13030 13341 12927
Last 5 Years 1046 1030 017 734 16443 16319 14246
Kotak Asset Allocator Fund as on 26 Feb 2021
Scheme Inception date is 09082004 Mr Devender Singhal amp Mr Arjun Khanna has been managing the fund since 09052019 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using composite CAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return
Scheme Inception date is 29121998 Mr Abhishek Bisen has been managing the fund since 15042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Gilt Fund As on 26 Feb 2021
94
Aug 09 2004Kotak Asset Allocator
Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA SampP BSE SENSEX TRI
Kotak Asset Allocator Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index SampP BSE SENSEX TRI
Since Inception 1578 1221 357 1579 113266 67426 113398
Last 1 Year 2928 2142 786 3000 12919 12135 12990
Last 3 Years 1462 1199 262 1422 15051 14043 14894
Last 5 Years 1464 1355 109 1789 19793 18868 22764
Dec 29 1998Kotak Gilt Fund -
GrowthNIFTY All Duration G-Sec
Index ALPHA CRISIL 10 Year Gilt
Kotak Gilt Fund -Growth
NIFTY All Duration G-Sec Index
CRISIL 10 Year Gilt
Since Inception 951 NA NA NA 74952 NA NA
Last 1 Year 768 641 128 493 10766 10639 10492
Last 3 Years 980 1001 -021 894 13234 13311 12927
Last 5 Years 892 848 044 734 15325 15020 14246
Kotak Pioneer Fund as on 26 Feb 2021
Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Different plans have different expense structure The performance details provided herein are of regular plan 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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
95
Oct 31 2019Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
ALPHA Nifty 50 TRI Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
Nifty 50 TRI
Since Inception 3678 2467 1211 1752 15149 13397 12386
Last 1 Year 5550 4230 1320 3137 15531 14216 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Feb 25 2008Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
ALPHA Nifty 50 TRI
Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
Nifty 50 TRI
Since Inception 719 133 586 951 24675 11876 32619
Last 1 Year 2940 3064 -124 3137 12931 13054 13127
Last 3 Years 405 243 162 1288 11265 10746 14378
Last 5 Years 1332 1089 243 1729 18676 16760 22189
Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 01022015
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Infrastructure amp Economic Reform Fund as on 26 Feb 2021
96
Feb 20 2018Kotak India Growth Fund -
Series IV - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series IV - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1462 1173 289 1328 15099 13979 14570
Last 1 Year 6667 3224 3443 3137 16644 13214 13127
Last 3 Years 1471 1135 335 1288 15087 13803 14378
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 20022018 Mr Devender Singhal has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak India Growth Fund Series IV as on 26 Feb 2021
Kotak India Growth Fund Series V as on 26 Feb 2021
May 15 2018Kotak India Growth Fund -
Series V - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series V - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1389 1146 243 1265 14372 13534 13939
Last 1 Year 4661 3224 1437 3137 14646 13214 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak Smallcap Fund Performance as on 26 Feb 2021
Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the TotalReturn variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
97
Kotak Smallcap Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1930000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 8187177 3266871 1617790 1001229 576604 190906
Scheme Returns () 1620 1905 1843 2067 3331 12808
NIFTY Smallcap 100 (TRI) Returns () 1048 1159 1036 1161 2174 12178
Alpha 572 746 808 905 1158 630
NIFTY Smallcap 100 (TRI) (Rs) 4794025 2190608 1213472 802393 493594 187746
Nifty 50 (TRI) (Rs)^ 5809863 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1256 1341 1364 1570 1947 6633
Scheme Inception - February 242005 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Feb 24 2005Kotak Smallcap Fund -
GrowthNIFTY Smallcap 100 TRI ALPHA Nifty 50 TRI
Kotak Smallcap Fund -Growth
NIFTY Smallcap 100 TRI Nifty 50 TRI
Since Inception 1648 1274 375 1440 115182 68229 86309
Last 1 Year 5224 4358 866 3137 15207 14344 13127
Last 3 Years 1309 -017 1326 1288 14460 9950 14378
Last 5 Years 2040 1419 622 1729 25291 19406 22189
Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) Performance as on 26 Feb 2021
98
Kotak Flexi Cap Fund (Previously known as Kotak Select Standard Multi Cap Fund)
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1380000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 3453492 2729977 1380165 856388 468086 156611
Scheme Returns () 1505 1571 1397 1426 1792 6240
Nifty 200 (TRI) Returns () 1288 1368 1351 1514 1931 6874
Alpha 218 204 045 -088 -139 -634
Nifty 200 (TRI) (Rs) 3011611 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 2974930 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1268 1341 1364 1570 1947 6633
Scheme Inception - September 11 2009 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 11 2009Kotak Flexi Cap Fund -
GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak Flexi Cap Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1391 1156 235 1140 44527 35062 34492
Last 1 Year 2497 3224 -727 3137 12489 13214 13127
Last 3 Years 1082 1135 -054 1288 13604 13803 14378
Last 5 Years 1738 1719 020 1729 22274 22089 22189
Kotak Emerging Equity Fund Performance As on 26 Feb 2021
Scheme Inception date is 30032007 Mr Pankaj Tibrewal has been managing the fund since 27052010 Different plans have different expense structure The performance detailsprovided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circulardated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha isdifference of scheme return with benchmark return
99
Kotak Emerging Equity Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1680000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 6176383 3334607 1562085 940171 526485 173627
Scheme Returns () 1705 1943 1745 1807 2647 9422
Nifty Midcap 100 (TRI) Returns () 1388 1480 1370 1440 2237 9753
Alpha 316 463 375 368 410 -332
Nifty Midcap 100 (TRI) (Rs) 4795200 2599125 1367070 859342 497885 175354
Nifty 50 (TRI) (Rs)^ 4226246 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1229 1341 1364 1570 1947 6633
Scheme Inception - March 30 2007 The returns are calculated by XIRR approach assuming investment of 10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Mar 30 2007Kotak Emerging Equity
Fund - GrowthNifty Midcap 100 TRI ALPHA Nifty 50 TRI
Kotak Emerging Equity Fund - Growth
Nifty Midcap 100 TRI Nifty 50 TRI
Since Inception 1320 1332 -012 1138 56228 57054 44823
Last 1 Year 3676 3998 -322 3137 13664 13985 13127
Last 3 Years 1207 679 528 1288 14070 12177 14378
Last 5 Years 1997 1624 372 1729 24836 21217 22189
Kotak Tax Saver Fund Performance as on 26 Feb 2021
Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
100
Kotak Tax Saver Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1840000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5208479 2557585 1384584 874589 483657 158907
Scheme Returns () 1251 1450 1406 1511 2027 6660
Nifty 500 (TRI) Returns () 1244 1387 1367 1525 1992 7206
Alpha 007 063 038 -014 035 -546
Nifty 500 (TRI) (Rs) 5177617 2472906 1365740 877640 481312 161867
Nifty 50 (TRI) (Rs)^ 5074950 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1221 1341 1364 1570 1947 6633
Scheme Inception - November 23 2005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initialand final value and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Nov 23 2005Kotak Tax Saver Fund -
GrowthNifty 500 TRI ALPHA Nifty 50 TRI
Kotak Tax Saver Fund -Growth
Nifty 500 TRI Nifty 50 TRI
Since Inception 1217 1303 -085 1328 57797 64882 67113
Last 1 Year 2685 3347 -662 3137 12677 13337 13127
Last 3 Years 1219 1086 133 1288 14116 13621 14378
Last 5 Years 1741 1731 010 1729 22304 22207 22189
Kotak Equity Opportunities Fund Performance as on 26 Feb 2021
Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012 Different plans have different expense structure The performance details provided hereinare of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRAMFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
101
Kotak Equity Opportunities Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1980000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 7635338 2664264 1403160 880871 486395 158045
Scheme Returns () 1478 1526 1443 1540 2067 6502
Nifty 200 (TRI) Returns () 1281 1368 1351 1514 1931 6874
Alpha 197 158 092 026 136 -373
Nifty 200 (TRI) (Rs) 6308482 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 6292270 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1279 1341 1364 1570 1947 6633
Scheme Inception - September 09 2004 The returns are calculated by XIRR approach assuming investment of Rs 10000- 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 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 TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 09 2004Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI ALPHA Nifty 50 TRI Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1831 1537 294 1555 159694 105534 108232
Last 1 Year 2771 3224 -453 3137 12762 13214 13127
Last 3 Years 1158 1135 023 1288 13887 13803 14378
Last 5 Years 1791 1719 072 1729 22776 22089 22189
Kotak Bluechip Fund Performance as on 26 Feb 2021
Since inception date of Kotak Bluechip Fund - Reg Growth is 4022003 Mr Harish Krishnan has been managing the fund since 01012014Different plans have different expense structure Theperformance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000-investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 theperformance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the schemebenchmark performance is calculated using composite CAGR of SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Since Inception date of KotakBluechip Fund- Dividend plan is 29121998 Alpha is difference of scheme return with benchmark return
102
Kotak Bluechip Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 2170000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 9909049 2429408 1342358 867738 482271 158190
Scheme Returns () 1497 1354 1319 1479 2006 6528
Nifty 50 (TRI) Returns () 1393 1341 1364 1570 1947 6633
Alpha 103 013 -045 -091 059 -105
Nifty 50 (TRI) (Rs) 8857197 2412890 1363994 887303 478297 158761
SampP BSE SENSEX (TRI) (Rs)^ 9110194 2472879 1393707 907359 481833 157647
SampP BSE SENSEX (TRI) Returns () 1419 1387 1424 1662 2000 6429
Scheme Inception - December 29 1998 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the scheme benchmark SIP Performance is calculated by taking SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Alpha is difference of scheme return with benchmark return
Feb 04 2003Kotak Bluechip Fund -
GrowthNifty 50 TRI ALPHA SampP BSE SENSEX TRI
Kotak Bluechip Fund -Growth
Nifty 50 TRI SampP BSE SENSEX TRI
Since Inception 1967 1722 246 1738 256865 176573 181028
Last 1 Year 3007 3137 -130 3000 12998 13127 12990
Last 3 Years 1181 1288 -107 1422 13975 14378 14894
Last 5 Years 1575 1729 -154 1789 20767 22189 22764
Kotak India EQ Contra Fund as on 26 Feb 2021
Jul 27 2005Kotak India EQ Contra
Fund - GrowthNifty 100 TRI ALPHA Nifty 50 TRI
Kotak India EQ Contra Fund - Growth
Nifty 100 TRI Nifty 50 TRI
Since Inception 1321 1408 -088 1388 69209 78041 75924
Last 1 Year 3123 3120 003 3137 13113 13110 13127
Last 3 Years 1293 1191 102 1288 14396 14010 14378
Last 5 Years 1830 1719 110 1729 23155 22098 22189
Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
103
Kotak India EQ Contra Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1880000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5753810 2581589 1412974 907013 487708 163570
Scheme Returns () 1309 1467 1463 1660 2087 7522
Nifty 100 (TRI) Returns () 1268 1363 1351 1519 1891 6526
Alpha 041 104 112 141 195 996
Nifty 100 (TRI) (Rs) 5543589 2441380 1357611 876201 474636 158175
Nifty 50 (TRI) (Rs)^ 5371562 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1233 1341 1364 1570 1947 6633
Scheme Inception - July 272005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initial and finalvalue and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Other Funds Managed by Mr Deepak Agarwal
Mr Deepak Agrawal manages 12 funds amp All FMPs of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan (Kotak Bond Short Term Fund (May 02 02) Kotak Dynamic Bond Fund (May 26 08) Kotak Money Market Fund (Nov 25 07) Kotak Liquid Fund (Nov 04 03) Kotak Banking and PSU Debt Fund (Dec 29 98) Kotak Savings Fund (Jul 11 07) Kotak Credit Risk Fund (May 11 10) Kotak Medium Term Fund (Mar 21 14) Kotak Low Duration Fund (Jan 31 15) Kotak Corporate Bond Fund (Sep 21 07) Kotak Overnight Fund (Jan 15 19) All Fixed Maturity Plans in existence (Aug 1315) Kotak Floating Fund (May 14 2019)
Kotak Floating Rate Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 14052019 Mr Deepak Agrawal has been managing the fund since 14052019Kotak Banking and PSU Debt Fund - Growth Name of the Benchmark - CRISIL Banking and PSU Debt Index Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008Kotak Savings Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 13082004 Mr Deepak Agrawal has been managing the fund since 01042008Kotak Liquid Fund - Growth Name of the Benchmark - NIFTY Liquid Index Scheme Inception date is 04112003 Mr Deepak Agrawal has been managing the fund since 01052007Kotak Overnight Fund - Growth Name of the Benchmark - NIFTY 1D Rate Index Scheme Inception date is 15012019 Mr Deepak Agrawal has been managing the fund since 15012019Kotak Money Market Fund - Growth Name of the Benchmark - NIFTY Money Market Index Scheme Inception date is 14072003 Mr Deepak Agrawal has been managing the fund since 01112006
104
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Floating Rate Fund - Growth 808 514 NA NA NA NA 772 610
Kotak Banking and PSU Debt Fund - Growth 744 632 894 868 846 854 753 NA
Kotak Savings Fund - Growth 524 514 684 696 705 716 760 797
Bottom 3
Kotak Money Market Fund - Growth 520 471 692 638 699 672 728 742
Kotak Liquid Fund - Growth 377 388 577 582 627 624 715 717
Kotak Overnight Fund - Growth 296 312 NA NA NA NA 429 443
Funds Managed by Mr Harsha Upadhyaya
Mr Harsha Upadhyaya manages 4 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Opportunities Fund (Sep 9 04) Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) (Sep 11 09) Kotak Tax Saver Fund (Nov 2305)
Funds Managed by Mr Pankaj Tibrewal
Mr Pankaj Tibrewal manages 3 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Small Cap Fund (Feb 2405) Kotak Emerging Equity Fund (Mar 3007) Kotak Equity Hybrid Fund (Nov 2599) Kotak Smallcap Fund - Growth Name of the Benchmark - NIFTY Smallcap 100 TRI Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010 Kotak Equity Hybrid Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008
105
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Equity Opportunities Fund - Growth 2771 3224 1158 1135 1791 1719 1831 1537
Kotak Tax Saver Fund - Growth 2685 3347 1219 1086 1741 1731 1217 1303
Kotak Flexi Cap Fund - Growth 2497 3224 1082 1135 1738 1719 1391 1156
Kotak ESG Opportunities Fund - Growth Kotak ESG Opportunities Fund has not yet completed 1 year from Inception the performance of the scheme is not disclosed
Kotak Equity Opportunities Fund - Growth (Erstwhile Kotak Opportunities) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012
Kotak Tax Saver Fund - Growth Name of the Benchmark - Nifty 500 TRI Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015
Kotak Flexi Cap Fund - Growth (Erstwhile Kotak Standard Multicap Fund) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Small Cap Fund - Growth 5224 4358 1309 -017 2040 1419 1648 1274
Kotak Emerging Equity Fund - Growth 3676 3998 1207 679 1997 1624 1320 1332
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Funds Managed by Mr Hiten Shah
Mr Hiten Shah manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Balanced Advantage Fund (Aug 03 18) Kotak Equity Savings Fund (Oct 13 2014) Kotak Equity Arbitrage Fund (Sep 29 05) Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Equity Arbitrage Fund - Growth Name of the Benchmark - Nifty 50 Arbitrage Index Scheme Inception date is 29092005 Mr Hiten Shah has been managing the fund since 03102019
Funds Managed by Ms Shibani Kurian
Ms Shibani Kurian manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak India EQ Contra Fund - Growth (July 27 05) Kotak India Growth Fund Series 7 (Aug 31 18) Kotak Focused Equity fund (Jul 16 19) Kotak India EQ Contra Fund - Growth (Erstwhile Classic Equity Fund) Name of the Benchmark - Nifty 100 TRI Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak India Growth Fund - Series 7 - Growth Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 31082018 Ms Shibani Kurian has been managing the fund since 09052019
106
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Balanced Advantage Fund - Growth 1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Kotak Equity Arbitrage Fund - Growth 354 186 539 454 577 484 713 NA
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak India EQ Contra Fund - Growth 3123 3120 1293 1191 1830 1719 1321 1408
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak India Growth Fund - Series 7 - Growth 2018 3137 NA NA NA NA 1042 1037
Other Funds Managed by Mr Harish Krishnan
Mr Harish Krishnan manages 7 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak BluechipFund (Feb 04 03) Kotak Infrastructure amp Economic Reform Fund (Feb 25 08) Kotak India Growth Fund Series 5 (May1518) Kotak Balanced Advantage Fund (Aug 0318) Kotak Equity Savings Fund (Oct 13 14) Kotak Focused Equity fund (Jul 16 19) Kotak Pioneer Fund (Oct 31 19
Kotak Pioneer Fund - Growth Name of the Benchmark - 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Kotak India Growth Fund Series 5- Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018Kotak Bluechip Fund - Growth (Erstwhile Kotak 50) Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 04022003 Mr Harish Krishnan has been managing the fund since 15112013Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Infrastructure and Economic Reform Fund - Growth Name of the Benchmark - India Infrastructure Index (Customised Index by IISL) Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 31012015
107
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Pioneer Fund - Growth 5550 4230 NA NA NA NA 3678 2467
Kotak India Growth Fund - Series 5 - Growth 4661 3224 NA NA NA NA 1389 1146
Kotak Bluechip Fund - Growth 3007 3137 1181 1288 1575 1729 1967 1722
Bottom 3
Kotak Infrastructure and Economic Reform Fund -Growth
2940 3064 405 243 1332 1089 719 133
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Other Funds Managed by Mr Abhishek Bisen
Mr Abhishek Bisen manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Hybrid Fund (Nov 05 2014) Kotak Debt Hybrid Fund (Dec 02 03) Kotak Bond Fund (Regular Plan) (Apr 15 08) Kotak Gilt Fund (Regular amp PF-Trust) (Dec 29 98) Kotak Equity Savings Fund (Oct 13 14) Kotak Gold ETF (Jul 27 07) Kotak Gold Fund (Mar 25 11) Kotak Balanced Advantage Fund (Aug 03 18)
Kotak Gold Fund - Growth Name of the Benchmark - Price of Gold Scheme Inception date is 25032011 Mr Abhishek Bisen has been managing the fund since 04032011Kotak Gold ETF Name of the Benchmark - Price of Gold Scheme Inception date is 27072007 Mr Abhishek Bisen has been managing the fund since 15042008 amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Equity Hybrid Fund - Growth (Erstwhile Kotak Balance) Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 and Kotak Equity Hybrid Fund - Regular plan scheme inception date is 3rd November 2014 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008Kotak Bond Fund - Growth Name of the Benchmark - NIFTY Medium to Long Duration Debt Index Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Balanced Advantage Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 5050 Index Scheme Inception date is 03082018 Mr Abhishek Bisen amp Mr Harish Krishnan has been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019
108
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Kotak Balanced Advantage Fund - Growth1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth1314 963 790 704 934 816 837 719
Bottom 3
Kotak Gold Fund - Growth 741 765 1445 1467 887 860 671 815
Kotak Gold ETF 710 765 1380 1467 764 860 1178 1290
Kotak Bond Fund - Growth 672 765 879 912 800 859 878 NA
Other Funds Managed by Mr Devender Singhal
Mr Devender Singhal manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak DebtHybrid Fund - Growth (Dec 02 03) Kotak India Growth Fund Series-4 (Feb 14 18) Kotak NV20 ETF (Dec 01 15) Kotak Banking ETF (Dec 10 14) Kotak Sensex ETF (Jun 06 08) Kotak Asset AllocatorFund (Aug 09 04) Kotak PSU Bank ETF (Nov 08 07) Kotak Nifty ETF (Feb 02 10)
Kotak India Growth Fund - Series 4 - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 14022018 Mr Devender Singhal has been managing the fund since 24012019Kotak NV20 ETF - Name of the Benchmark Nifty 50 Value 20 TRI Scheme Inception date is 01122015 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Sensex ETF Name of the Benchmark - SampP BSE SENSEX TRI Scheme Inception date is 06062008 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Nifty ETF Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 02022010 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Banking ETF Name of the Benchmark - Nifty Bank TRI Scheme Inception date is 10122014 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak PSU Bank ETF - Name of the Benchmark Nifty PSU Bank TRI Scheme Inception date is 08112007 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019
109
Scheme Name
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak India Growth Fund - Series 4 -Growth
6667 3224 1471 1135 NA NA 1462 1173
Kotak NV20 ETF 3937 4355 1526 1660 1902 2002 1643 1620
Kotak Nifty ETF 3078 3137 1261 1288 1647 1729 1044 1181
Bottom 3
Kotak Sensex ETF 2955 3000 1390 1422 1696 1789 982 1097
Kotak PSU Bank ETF 2203 2303 -876 -807 248 359 -163 -014
Kotak Banking ETF 1749 1948 1108 1183 2008 2068 1087 1132
Fund Type of Scheme
Kotak Equity Opportunities Fund Large amp Mid Cap Fund - An open ended equity scheme investing in both large cap and mid cap stocks
Kotak Small Cap Fund Small cap fund - An open-ended equity scheme predominantly investing in small cap stocks
Kotak Emerging Equity Fund Mid Cap Fund - An open ended equity scheme predominantly investing in mid cap stocks
Kotak Tax Saver Fund An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
Kotak Balanced Advantage Fund Open ended Dynamic Asset Allocation Fund
Kotak Pioneer Fund An open ended equity scheme investing in pioneering innovations theme
Kotak India EQ Contra Fund An open-ended equity scheme following contrarian investment strategy
Kotak Debt Hybrid Fund An open ended hybrid scheme investing predominantly in debt instruments
Kotak Bluechip Fund Large cap fund - An open-ended equity scheme predominantly investing in large cap stocks
Kotak Asset Allocator FundAn open ended fund of fund scheme investing in specified open-ended equity and debt Schemes of Kotak Mahindra
Mutual Fund
Kotak Equity Arbitrage Fund An open ended scheme investing in arbitrage opportunities
Kotak Equity Savings Fund An open ended scheme investing in equity arbitrage and debt
Kotak Flexicap Fund Flexicap Fund - An open ended dynamic equity scheme investing across large cap mid cap small cap stocks
Kotak Focused Equity Fund An open ended equity scheme investing in maximum 30 stocks in large-cap mid-cap and small-cap category
Kotak Floating Rate Fund An open ended debt scheme predominantly investing in floating rate instruments
Kotak Equity Hybrid Fund An open-ended hybrid scheme investing predominantly in equity and equity related instruments
Kotak International REIT FoFAn open ended fund of fund scheme investing in units of SMAM ASIA REIT Sub Trust fund andor other similar overseas
REIT funds
Kotak ESG Opportunities FundAn open ended equity scheme which follows the Environment Social and Governance (ESG) theme with flexibility of
investing across market capitalization 110
Fund Type of Scheme
Kotak Overnight Fund An open ended debt scheme investing in overnight securities
Kotak Gilt Fund An open ended debt scheme investing in government securities across maturity
Kotak Money Market Fund An open ended debt scheme investing in money market instruments
Kotak Savings Fund An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months
Kotak Bond Short Term Fund An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years
Kotak Corporate Bond Fund An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds
Kotak Credit Risk Fund An open ended debt scheme predominantly investing in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds)
Kotak Banking amp PSU Debt Fund An open ended debt scheme predominantly investing in Debt instruments of banks Public Sector Undertakings Public Financial Institutions and Municipal Bonds
Kotak Liquid Fund An open ended liquid scheme
Kotak Low Duration Fund An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months
Kotak Medium Term Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years
Kotak Dynamic Bond Fund An open ended dynamic debt scheme investing across duration
Kotak Bond Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years
Kotak India Growth Fund Series 5
Multicap Fund - A 1099 days close ended equity scheme investing across large cap midcap and small cap stocks
Kotak India Growth Fund Series 4
Multicap Fund - A 36 months close ended equity scheme investing across large cap midcap and small cap stocks
Kotak Infrastructure amp Economic Reform Fund
An open ended equity scheme following Infrastructure amp Economic Reform theme
111
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 112
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 113
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 114
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 115
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 116
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector biasKotak India Growth Series 4
Kotak India Growth Series 5bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector bias
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 117
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 118
Kotak Liquid Fund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Thank You
Stay Safe Stay Healthy and Stay Invested
119
Market Likely Driven By Excess Personal Savings
8
US Excess Personal Savings
Source BEA Haver Analytics Morgan Stanley Research forecasts as of Jan 25 2021
US Retail Investors Plan To Put A Significant Chunk Of Any Forthcoming Stimulus Into The Stock Market
9
Planned proportion of stimulus amount in stock market investment if received in 2021 ()
Source dbDIG Survey Deutsche Bank Asset Allocation
Surge In US Inflation Expectation Continues UnabatedNow at Its Highest Level In Over 8 Years
10Source Compoundadvisorscom
Commodity Prices Are Rising But Not Yet To Dramatic Levels of 2007-08
11Source Refinitiv
lndian Economy
12
Headlines In Feb 21
13
Source Business Today
Source Bloomberg Quint
Updated on Feb 09 2021 0701 PM IST
Headlines In Feb 21
14
Source Business Standard
Source Bloomberg Quint
Company Registration Jumps 21 in April ndash Decrsquo20
15Source MCA
Sharp growth was due to the progression of smaller firms and LLPs towards forming companies as growth picked up along with improved facilitation through digital services
Indiarsquos Debt To GDP VS Major Economies
16Source Economic Survey 2020-21
Indiarsquos Public Debt To GDP Has Been Significantly Low Compared To Other Countries
Governmentrsquos Reform Momentum To Bolster Potential Growth
17Source Elara Securities
18
V Shaped Recovery
Source HIS Markit Bloomberg Index reading above 50 signals growth Score is generated on the three-month weighted averages of the indicators against the past thirty months of historical data
Domestic and overseas demand hold up for Indian companies
Nomura India Business Resumption Index Is Almost At Pre-Pandemic Levels
19
The resurgence of COVID-19 could represent a downside risk
Source Google Apple CMIE Bloomberg and Nomura Global Economics
PLI Schemes Can Add 16 To FY27 GDP amp Encourage Domestic Industry
Source RAVE Credit Suisseestimates 20
Real Estate Should Support Economic Recovery
Source The BLOOMBERG PROFESSIONALTM service Credit Suisse estimates
Mortgage rates have fallen to record lowsAffordability levels at all-time high
Source SBI HDFC Jefferies 21
Budget Aims For Ambitious Infra Spending In FY22
22
Budget has laid ambitious target for FY22 spending Infrastructure capex allocation for FY22 is steep execution key
Source Budget Elara Securities Research
Risk
23
Covid 19 Isnrsquot Yet Over
24Source Times of India
Upside Risks To Inflation Remain
25
Source CEIC UBS
RBI Survey Indicates Confidence Still Lagging
26Source RBI
Unemployment is Down but Income
27
CMIE Series of Unemployment unemployment rate (UER) (gt=15)
Unemployment Rate 30 day moving average ()
Unemployment Rate01 Mar 2021
Source CMIEcom
Equity Markets
28
Sare Jahan Se Acha Hindustan Hamara
Source Axis Capital29
-240
-168
-79
-72
-56
-26
-18
39
266(USD bn)
12 MONTHS FPI FLO W (Feb20 to Feb21)
India
Brazil
Indonesia
Philippines
Malaysia
South Africa
Thailand
Taiwan
South Korea
Source Bloomberg Axis Capital As on 28th February 2021 Past Performance may or may not sustain in the future
Performance Across Market Cap
Performance as on 28th Feb 2021 Sectoral Performance CY20 YTD ()
66
113 122
297
386 418
115
58
(12)
156 151 130
105 122
92
(10)
0
10
20
30
40
50
Nifty-50 Nifty Midcap 100 NSE SmallCap 100
1m returns 1y returns 3 yr CAGR 5 yr CAGR 10 yr CAGR
14
12
4
17
11 11 11 11
8
65
0
-1
-5
-8
Sma
llcap
10
0
Mid
cap
100
NIF
TY
50
Me
tals
Rea
lty
Ban
k
Ener
gy
Au
to
Pri
vate
Ban
ks
Fin
anci
als
Secv
ice
s
IT S
erv
ice
s
Me
dia
FMC
G
Ph
arm
a
30
Bumper Results for Dec 20 Quarter
31
Source MOSL Research
193 Cos Actual Expected
Sales 0 -2
EBITDA 19 15
PBT 33 20
PAT 31 17
NIFTY 50 Cos Actual Expected
Sales -1 -2
EBITDA 15 10
PBT 23 9
PAT 22 7
Significant Profit Pool Expansion Seen In PSU Banks Cement Auto And Auto Ancillary And Metals
32
Source ICICI Securities Internal Analysis Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
Profit Growth By Sectors
Nifty Earnings Are Expected To Accelerate Sharply Over Next Two Years
33Source NSE Company data IIFL Research Note Based on IIFL estimates
236 285 310 333
372 402 404 386
418 414
483 457 508
685
796
(41)
207
89 74
117
81
05
(45)
83
(10)
167
(54)
111
349
163
(10)
(5)
0
5
10
15
20
25
30
35
40
0
100
200
300
400
500
600
700
800
900
FY0
9
FY1
0
FY1
1
FY1
2
FY1
3
FY1
4
FY1
5
FY1
6
FY1
7
FY1
8
FY1
9
FY2
0
FY2
1ii
FY2
2ii
FY2
3ii
Rs (LHS) YoY (RHS)
Nifty EPS
Valuation Wise ndash Neutral Weight Momentum Wise - Overweight
Neutral weight doesnt mean selling equity It means profitbooking on excess position
34
Market Cap-to-GDP Ratio ndash Above Long Term Average
Market cap-to-GDP ratio Market rebound brings ratio above long term average
OW Equities =Ratio Below Historical Lows Neutral Equities = Ratio at Historical Average
Source Motilal Oswal 35
52
82 83
103
55
95
88
71
64 66
81
69
7983
79
56
104
FY05
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19
FY20
FY21
E
Average of 75 for the period
Valuations Are At The Higher End Of Fair Value
NIFTY PE (x) - 1 Year Forward NIFTY PB (x) - 1 Year Forward
Source Motilal Oswal36
207
8
13
18
23
28
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 179x
31
15
23
30
38
45
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 27x
37
Valuations Above Long Term Average
Source FactSet Kotak Institutional Equities Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
1 Year Forward Sector PE Current 10y Average Premium(discount)
Automobiles 232 158 469Energy 158 110 431Cement 303 219 387
Consumer Discretionary 590 425 387Technology 236 177 331Industrials 250 201 246
Pharmaceuticals 243 222 94Consumers 348 318 94
Metals 93 103 -94Utilities 80 110 -276
Consumer ex ITC 507 394 285Automobiles ex Tata Motors 228 185 231Energy ex Reliance Industries 80 90 -117
1 Year Forward Sector PB Current 10y Average Premium(discount)
Pvt banks 28 25 126PSU banks 10 11 -61
Earnings Are Increasing
38Source Bloomberg
QuarterReported PAT for NSE 500
Rs in CroreAnnualised PAT on Dec 20
Dec 19 122235
Mar 20 53406
June 20 32400
Sept 20 176786 707144
Dec 20 209795 839180
TTM 472387
Market Cap (280221) 18850128
PE Ratio 399 225
Highest Ever Quarterly Profit by India Inc
Valuations Are Not As Perceived
39
Company
PE
FY20Q1FY21
(Annualised)Q2FY21
(Annualised)Q3FY21 (Annualised) FY22E
Shree Cement 634 648 439 383 358
Ultra tech Cement 488 484 375 292 321
Mindtree 397 311 261 203 191
Asian Paints 814 2567 663 447 613
Persistent Systems 378 357 315 265 239
Hero Motocorp 190 2782 181 159 183
Bajaj Auto 223 537 249 182 202
Source Company data Kotak estimates Stocks mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of aninvestment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
The data for FY20 Q1Q2Q3 are actuals (annualised in the quarters) while FY22 is estimates
High Nifty Valuations Conceals the bargain opportunities in select Quality stocks
40Source ICICI Securities Internal Analysis
Adjusted PE Shows The True Valuation
Time To Be Neutral Weight To Equities
Marginally OW Small and Midcap
Marginally UW Large cap
Neutral Weight Equity
41
SIP has performed well
42
Patience Pays Off in SIPKotak Emerging Equity Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty Midcap 100 TRI is the benchmark for Kotak Emerging Equity FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund
43
Kotak Emerging Equity Fund Feb-19 Feb-20 Feb-21
10 Yr 1630 1567 1943
7 Yr 1636 1506 1745
5 yr 1024 889 1807
3 yr 324 526 2647
1 yr -984 1316 9422
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1239 991 1480
7 Yr 1212 867 1370
5 yr 736 317 1440
3 yr 079 -333 2237
1 yr -1572 -097 9753
Patience Pays Off in SIPKotak Tax Saver Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 500 TRI is the benchmark for Kotak Tax Saver FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculatingreturn on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting fromthe beginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer todisclaimer slides for scheme information and detailed performance of the fund
44
Kotak Tax Saver Fund Feb-19 Feb-20 Feb-21
10 Yr 1192 1159 1450
7 Yr 1227 1163 1406
5 yr 924 846 1511
3 yr 631 574 2027
1 yr -093 480 6660
Nifty 500 TRI Feb-19 Feb-20 Feb-21
10 Yr 1138 992 1387
7 Yr 1163 916 1367
5 yr 903 658 1525
3 yr 732 201 1992
1 yr -456 -397 7206
Patience Pays Off in SIPKotak Equity Opportunities Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021Returns are for regular plan Nifty 200 TRI is the benchmark for Kotak Equity Opportunities FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund 45
Kotak Equity Opportunities Fund Feb-19 Feb-20 Feb-21
10 Yr 1277 1242 1526
7 Yr 1281 1192 1443
5 yr 923 885 1540
3 yr 576 582 2067
1 yr -313 720 6502
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1140 992 1368
7 Yr 1165 915 1351
5 yr 931 686 1514
3 yr 822 256 1931
1 yr -274 -478 6874
46
Patience Pays Off in SIPKotak Bluechip Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 50 TRI is the benchmark for Kotak Bluechip FundDisclaimer SIP is an optional feature offered by Kotak Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mutual Past performance may or maynot be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating return on investmentsgiven an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from the beginning of thesubsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides forscheme information and detailed performance of the fund
Kotak Bluechip Fund Feb-19 Feb-20 Feb-21
10 Yr 1078 1016 1354
7 Yr 1064 940 1319
5 yr 758 678 1479
3 yr 539 435 2006
1 yr -282 108 6528
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1108 979 1341
7 Yr 1130 918 1364
5 yr 958 772 1570
3 yr 989 429 1947
1 yr 112 -515 6633
47
Equity Investment Opportunity
48
Kotak Pioneer Fund
India Basketbull Approx 80 of portfolio invested in 35 businesses
in India
bull Digital ecosystems
bull China + strategy for manufacturing
bull Consumer discretionary
bull Healthcare
bull Chemicals
bull Fintech
bull Materials
bull Investing in a global fund with a similar pioneering theme ndash CI SignatureTechnology Fund
bull Much more than FANGM (Facebook Amazon Netflix Google Microsoft)
bull FANGM investment less than 5 of CI Signature Technology Fund as on Jan2021
bull Investments in decentralized finance payments ecommercesemiconductor urban transport social media etc
bull The international diversification ndash hedge against the domestic businesscycle and potential of INR depreciation against the USD over the mediumterm
Companies that use technology through process for enduring competitive advantage
International Diversification
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
1 YearSince
Inception(31102019)
Kotak Pioneer Fund - Regular Plan 5550 3678
Benchmark 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI 4230 2467
Nifty 50 TRI 3137 1752
Less than equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
49
Kotak Small Cap Fund
bull Kotak Small Cap Fund Identifies the hidden growth potential of small cap sized companies
bull The essence is to spot them young and watch them grow
bull Kotak Small Cap Fund focus on investing in quality businesses with strong competitive edge run by great management generating high return on capital amp offering sustainable growth with high market potential and available at reasonable valuations
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Scheme Name 1 Year 3 Year 5 Year 7 Year 10 year
Kotak Small Cap Fund - Reg - Growth 5207 1309 2037 2233 1777
Nifty Smallcap 100 TRI 4344 -017 1412 1488 1045
Healthy growth in Revenue EBITDA and PAT in investee companies in the aftermath of COVID 19 ( Q3FY21)
Sales Growth YoY EBITDA Growth YoY PAT Growth YoY
Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21
Kotak Small Cap Fund -243 53 167 173 262 312 -163 311 338
Kotak Asset Allocator Fund ndash An Effective Asset Allocation Medium To Ride The Market
PeriodKotak Asset Allocator
Fund - GrowthNIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1578 1221 1722
Last 5 Year 1464 1355 1729
Last 3 Years 1462 1199 1288
Last 1 Years 2928 2142 3137
Past performance may or may not be sustained in the future Inception date is as of Aug 09 2004
Mutual Fund investments are subject to market risks read all scheme related documentscarefullySource ICRA As on 28th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Return Profile
bull Higher Flexibility of allocation (0-100 in Equities)bull Current equity allocation is 37
50
51
Debt Investors With Marginal Appetite For Equity Can Consider Investment In Kotak Debt Hybrid Fund
bull Fixed income component at ~75 amp above This keeps the volatility low amp relatively marginal level
bull Equity exposure at 25 or less allows the investor to obtain the flavor of equity play without significant risk to capital
bull SWP can be utilized to meet ldquotax efficientrdquo income requirements of the investor
Source ICRA As on 26th Feb 2021 Industry data is from AMFI and Kotak Debt Hybrid data is from CAMS Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Please consult your tax advisor for further details
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Benchmark Crisil Hybrid 85+15 ndash ConservativeIndex
Net Aum flows in Rs Crs over last 12 months()
As on 31st Jan 2021
885
-15540 -14655
Kotak Debt Hybrid Others Total
Time HorizonKotak Debt Hybrid
Fund Nifty 50 TRI Benchmark
1 Year 1502 3137 1166
2 Years 1329 1742 1206
3 Years 923 1288 1010
5 Years 1046 1729 1030
52
Shift Money To Alpha Generating Large Caps
7 Years 5 Years 3 Years 1 Year
Kotak Bluechip Fund ndash Direct Plan 1655 1694 1272 2655
Nifty 50 TRI 1423 1712 1254 2583
bull Kotak Bluechip Fund is flexible in its large cap themes rather than being rigid in different market scenarios
bull It continues to focus on businesses with favourable supply side dynamics
bull Also focuses on capital efficiency with a reasonable track-record of capitalizing on various opportunities
bull There are broadly 4 sub-themes that fund captures now namely Financial Savings Moving from Lockdown to Unlock Consumer Demand amp Global Business
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than 1 year Absolute returns Greater than 1 year Compound Annualized returnsPast performance may or may not be sustained in the future Direct Growth option Inception Date is 1st Jan 2013 (Regular Plan Dividend Option InceptionDate Dec 29 1998)
Should We Invest In Gold
53
Gold
bull We have highlighted risk of import duty being reduced to our gold call
bull The same has played out in this budget as import duty rationalised from 125 to 10 ( 75 Import Duty Plus Agriculture Cess )
bull If the import duty is reduced further to that extent there will be a drop in Rupee Gold prices instantly
bull Subject to that volatility we remain bullish Gold on a longer term basis
bull Gold has corrected in recent times for accumulation
Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before
acting on any information in this communication54
Active VS Passive Funds in Alpha Generation
55
56
Index Funds Underperforms Index
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documentscarefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance ampscheme information of the fund
Fund Category 1 Year 3 Year 5 Year
SampP BSE Sensex TRI 2990 1420 1790
Category Average 2866 1328 1684
Alpha-124 -092 -106
Fund Category 1 Year 3 Year 5 Year
Nifty 50 TRI3130 1290 1730
Category Average 3019 1193 1606
Alpha-111 -097 -124
Less than 1 year Absolute returns Greater than 1 year CAGR
Active Funds Can Give Alpha
bull Active funds canrsquot take more than 10instocks
bull Fund has to keep Cash to meetredemptions
bull Index changes stocks at the closing price with no impact cost
bull Globally Total Return Index is compared with funds gross return ie expenses are added back to performance In India TRI is compared with net return of the fund
bull In Insurance for eg they comparegross return with PRI In MF wecompare TRI with net return
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
57
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years()
Kotak Infrastructure amp Economic Reform Fund - Dir - Growth
3092 538 157 1841
India Infrastructure Index (Customised Index by IISL)
3064 243 1089 895
Alpha 028 295 481 946
Kotak Small Cap Fund - Dir - Growth 5427 1462 2281 2399
Nifty Smallcap 100 TRI 4344 -017 1512 1488
Alpha 1083 1479 769 911
Kotak Emerging Equity Fund - Dir - Growth 3842 1345 2235 2493
Nifty Midcap 100 TRI 3985 679 1739 1814
Alpha -143 666 496 679
Kotak Flexicap Fund - Dir - Growth 2614 1192 1969 1905
Nifty 200 TRI 3214 1135 1826 1498
Alpha -60 057 143 407
Kotak Equity Opportunities Fund - Dir -Growth
2915 1284 2035 1869
Nifty 200 TRI 3214 1135 1826 1498
Alpha -299 149 209 371
Kotak Tax Saver Fund - Dir - Growth 2841 1353 1996 1889
Nifty 500 TRI 3337 1086 1836 1539
Alpha -496 267 16 35
Less than 1 year Absolute returns Greater than 1 year CAGR
58
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years
Kotak India EQ Contra Fund - Dir - Growth 3288 1444 2107 1711
Nifty 100 TRI 311 1191 1826 1468
Alpha 178 253 281 243
Kotak Bluechip Fund - Dir - Growth 315 1307 1812 1644
Nifty 50 TRI 3127 1288 1837 1414
Alpha 023 019 -025 23
Kotak India Growth Fund - Series IV - Dir - Growth 6903 1602 - -
Nifty 200 TRI 3214 1135 - -
Alpha 3689 467 - -
Kotak Pioneer Fund - Dir - Growth 5808 - - -
85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI
423 - - -
Alpha 1578 - - -
Kotak India Growth Fund - Series V - Dir - Growth 4674 - - -
Nifty 200 TRI 3214 - - -
Alpha 146 - - -
Active Funds Can Give Alpha
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
Less than 1 year Absolute returns Greater than 1 year CAGR
Our Funds Have Bounced From The Bottom
Source MFI Explorer As on 26th February 2021 Past performance may or may not sustain in the future Please consult your financial advisor orother professionals before acting on any information in thiscommunication Please refer to the disclaimer slides for scheme information
59
554
791840 853 855 864 906
9551001
12281308
Kotak BalancedAdvantage
Fund
Kotak EquityHybrid Fund
Kotak FlexicapFund
Kotak Tax SaverFund
Kotak EquityOpportunities
Fund
Kotak FocusedEquity Fund
Kotak BluechipFund
Kotak India EQContra Fund
Kotak EmergingEquity Fund
Kotak PioneerFund
Kotak SmallCap Fund
change in NAV of our funds when Nifty 50 was ~7610 (From 23rd Mar 2020 till 26th Feb 2021)
Regular growth Plans performance
Debt Market Outlook
March 2021
60
61
Source Bloomberg
Liquidity is Here To StayMarket may have misread RBI Signal
-9000
-8000
-7000
-6000
-5000
-4000
-3000
-2000
-1000
0
1000
5
55
6
65
7
75
Jun
-19
Jul-
19
Au
g-1
9
Sep
-19
Oct
-19
No
v-1
9
Dec
-19
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
India 10-Year Bond Yield (LHS)
India Banking System Liquidity (RHS)
INR Bn
bull Overnight rates will remain anchored at Reverse Repo rates longer than what market is pricing in bull RBI aims to normalize CRR in the near-term The CRR normalisation opens up space for a variety of market operations to inject
additional liquidity which may induce curve flattening
62
Fear of Liquidity Withdrawal Spooked The Mid-To-Long End (~2-7years) of The Curve
bull Yield Curve is now pricing in more negatives ndash liquidity tightening rate hikes etc
bull Yields have moved up across the curve especially mid to long end of the yield curve
Source Bloomberg
3
4
5
6
7
8
3M 6M 1Y 2Y 3Y 4Y 5Y 6Y 7Y 8Y 10Y 11Y 12Y 13Y 14Y 15Y 23Y 30Y 40Y
India Sovereign Curve ()
01-Mar-21 31-Dec-20 30-Jun-20
Opportunity of value creation exists in the longer end of the curve
The current yield curve is too steep enhancing the case to chase the carry in fixed income as opposed to capital gains
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
FII Activity in Debt Market
Source Axis Capital
USD Mn
63
(1494)
381
(8680)
(1434)
(2695)
402
(534)(142)
471 520 191 1080
(740) (391)
(10500)
(9000)
(7500)
(6000)
(4500)
(3000)
(1500)
0
1500
3000
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
Source MOSPI ICRASource Bloomberg RBI Internal Research Morgan Stanley Research
406
530
00
10
20
30
40
50
60
70
80
Mar
-15
May
-15
Jul-
15
Sep
-15
No
v-1
5
Jan
-16
Mar
-16
May
-16
Jul-
16
Sep
-16
No
v-1
6
Jan
-17
Mar
-17
May
-17
Jul-
17
Sep
-17
No
v-1
7
Jan
-18
Mar
-18
May
-18
Jul-
18
Sep
-18
No
v-1
8
Jan
-19
Mar
-19
May
-19
Jul-
19
Sep
-19
No
v-1
9
Jan
-20
Mar
-20
May
-20
Jul-
20
Sep
-20
No
v-2
0
Jan
-21
CPI Core CPI
Headline Inflation To Remain Range-bound Though Marginally Above The 4 Mark In The Near Term
bull We expect a prolonged pause from the MPC in FY22 and an accommodative stance until late FY22 at least
CPI is still likely to be above the medium-term target of 4 for most of H1-FY22 further rate cuts appear unlikely unless the economic environment worsens significantly
64
65
RBI Remains Committed on OMOOperation Twist To Fund Govt Borrowing
FY 21 (RE) FY 22 (BE)
Gross Market Borrowing 1279788 1205708
Source indiabudgetgovin Internal Estimates BE is Budgetary estimates RE is revised Estimates
(in Rs Crores)
INR 75000 cr OMOOperation Twist already done post budget borrowing announcement
Source CNBC
SDL Spreads Close To Peak Levels Attractive in Terms of Valuation
10yr Central Govt Gilt Yields vs 10yr SDL Yields
Source RBI Jefferies66
Current Spreads Look Attractive For Long Term Investors
Source Bloomberg Citi Research
Spread between 10year Gilt and 1year Gilt Yield MPCrsquos Focus on Term Premia Is Likely To Prevent Imminent Sharp Rise In Bond Yields
Incremental Spreads in 10 Year provides a good cushion to shocks
67
211
0
50
100
150
200
250
300
Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21
Case For Carry Corporate Bond Spreads Show Attractive Valuation Opportunity
Source Bloomberg Jefferies
Corporate AAA Bond Yield ()
68
444
558
3
35
4
45
5
55
6
65
7
75
Mar
-hellip
Ap
r-2
0
May
-hellip
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
1 Year AAA Corporate Bond
3 Year AAA Corporate Bond
450
500
550
600
650
700
750
800
850
1Y 2Y 3Y 4Y 5Y 7Y 10Y
01-Mar-21 29-Jan-21 31-Dec-19
India Corporate Bond Curve
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
69
Market Is Pricing In More Negative News
NABARD Yield Incremental Yield
adjusted for holding period
Protection for Rise in 10 yrNabard (bps)
Breakeven level10 yr Nabard
A 1 yr 425 After 1 yr
10 yr 715 29 051 766
B 2 yr 505 After 2 yr
10 yr 715 21+21=42 084 799
C 3 yr 56 After 3 yr
10 yr 715 155+155+155=455 103 818
Assuming investment HTM in short bonds for respective holding periods Adjusted is incremental yield for 2 yrmultiplied by 2 and 3 yr by 3
Source Internal Analysis The above illustration is not an indication of our portfolio
Debt Outlook
70
bull Liquidity is here to stay much longer than what market is fearing
bull Overnight rates are expected to gradually trend higher as normalisation of rates take place over the course of next 1 year
bull Fear of Liquidity withdrawal has led to sharp spike in OIS- swap yields in 1 yr at 392 and 2 yr at 435 this effectively means forward curve is pricing in almost 3 rate hikes of 25 bp each in Repo rate for the seller of the 2 yr swap to break even In our opinion is too soon and more than what the fundamental situation can justify purely based on inflation outlook
bull Inspite of the recent spike in crude oil prices average headline inflation for FY 22 is in the band of 5-525
bull With comfort on inflation reduction in gold imports stable to appreciating INR (High Fx reserves)We believe RBI will maintain a status quo along with its accommodative stance as there is no big urgency to rush for rate hikes
bull RBI while not giving OMO calendar is actually done decent amount of OMO till now and remain committed for more As the System isflush with liquidity and FX flows coming RBI is constrained to conduct aggressive OMO and add liquidity As the CRR cut reversal announced earlier will take out about 16 lac cr worth liquidity will increase the ability of the RBI to conduct outright OMO vs OT which will be more positive the long bonds
bull For investors it is best to stick to intended investment horizons as volatility would continue to be order of the day
bull Duration investors with appetite for volatility can look to invest in the Gilt Bond and Dynamic Bond Funds space
bull Investors looking for relatively higher YTM can consider Floating rate Fund Medium-Term Fund and Credit Risk Fund segment
bull Investors should stay invested across fixed income strategies ndash as ldquocarryrdquo assumes significance over ldquocapital gainsrdquo
Debt Investment Opportunity
71
Debt Funds Have Generated Good Returns For The Patient Investors
Source MFi Explorer Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to disclaimer slides for detailed performance and scheme information of the funds 72
Fund Name 3 Year Returns of Fund () (CAGR)
Kotak Gilt Fund 980
Kotak Dynamic Bond Fund 921
Kotak Banking and PSU Debt Fund 894
Kotak Bond Fund 879
Kotak Corporate Bond Fund 838
Kotak Bond Short Term Fund 815
Kotak Credit Risk Fund 702
Kotak Medium Term Fund 650
73
Kotak Dynamic Bond Fund Has Outperformed Over Long-Term Since 2018
928
600
650
700
750
800
850
900
950
1000
1050
Feb
-18
Ap
r-1
8
May
-18
Jul-
18
Au
g-1
8
Sep
-18
No
v-1
8
Dec
-18
Jan
-19
Mar
-19
Ap
r-1
9
Jun
-19
Jul-
19
Au
g-1
9
Oct
-19
No
v-1
9
Jan
-20
Feb
-20
Mar
-20
May
-20
Jun
-20
Jul-
20
Sep
-20
Oct
-20
Dec
-20
Jan
-21
Feb
-21
Rolling Returns()
Kotak Dynamic Bond Fund - Reg - Growth NIFTY Composite Debt Index
915
Credit funds carry credit risk and duration dynamic funds carry interest rate risk
Hence our advice to IFA distributors is that they allocate clients money in both dynamic and accrual funds from a 3 year perspective
Source ICRA As on 26th February 2021 The above returns is daily rolling returns for last 36months Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please refer to the disclaimer slides for detailed performance of the fund
Kotak Medium Term Fund
Fund YTM (As on 26 Feb 2021) Respective Segment YieldsIncremental Earnings
(Spread)
Kotak Medium Term Fund 699 3 Year AA 574 125
Source Bloomberg Data as on 26-Feb-2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for performance details amp scheme information
Mutual fund investment are subject to market risks read all scheme related documents carefully
26-Feb-2021 Average Maturity (Years) Modified Duration (Years) Macaulay Duration (Years)
378 263 281
bull Duration of the fund has come down as we expect normalisation of rates to take place over the course of next 1 year We see merit in running lower duration in Medium Term Fund
bull We believe Kotak Medium Term fund is a reasonably attractive investment option for investors with minimum 1 year investment horizon
74
Attractive Yields Across The Segment
Source Bloomberg Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for scheme details
Mutual fund investment are subject to market risks read all scheme related documents carefully 75
458
699 699
389
638 638
0
1
2
3
4
5
6
7
8
Kotak Low Duration Fund Kotak Credit Risk Fund Kotak Medium Term Fund
YTM () (As on 26 Feb 21) Respective Segment Yields ()
1 Year OIS
3 Year AA
3 Year AA
Incremental Spread 069
Incremental Spread 061
Incremental Spread 061
Distributor Engagement
76
Prostart ndash Video Learning Platform
1FINANCIAL PLANNING (10 VIDEOS)
2SOCIAL MEDIA MARKETING (14 VIDEOS)
3UNDERSTANDING RISK IN MFrsquoS (5 VIDEOS)
4TAXATION IN MFrsquoS (2 VIDEOS)
5NEW NORMAL (1 VIDEOS)
6MAXIMIZING DIGITAL CONNECTIONS (2 VIDEOS)
7HANDLING INVESTOR EMOTIONS (4 VIDEOS)
8ACQUIRING NEW CLIENTS (3 VIDEOS)
9THE NEXT WAVE (3 VIDEOS)
77
Over 25000 Participants
have viewed these Videos (Till Feb 2021)
Testimonials
ldquoGood Initiative developed by Kotak MF to enhance knowledge amp practical approach for MFDsrdquo -Md Qaise Ghazali
ldquoVery Knowledgeable Thank You Kotak MF Teamrdquo ndashVikas Jain
10DEBT DEMYSTIFIED (12 VIDEOS)
78
Business Dashboard
Transaction History
Distributor Initiated Transaction
Capital Gain and Account Statement
Prostart
Business Hub
More than 13574 IFArsquos are actively using Business Hub
Dont miss out on the benefits of Business Hub
Co-branding Marketing Material
Business opportunities
Stay Updated Follow us at Kotak Mutual Fund Click here to visit our YouTube Channel
How To Boost Business Using Business Hub
Product Video ndash Now Available In Different Languages
Kotak Bluechip Fund
Debt Market Outlook ndash March 2021
Kotak NASDAQ-100 FOF
How to make money through equity asset allocation (English)
Equity Market Outlook ndash March 2021
HindiGujaratiMarathiTeluguKannadaTamilMalayalamBengali
English ndash Mr Arjun Khanna amp Ms Lakshmi Iyer amp Mr Harsha Upadhyaya
Hindi - Mr Arjun Khanna
79
80
Please Follow Like And Share Kotak Mutual Fundrsquos Official Social Media Pages For Regular Updates
Twitter - KotakMF - httpstwittercomKotakMF
Facebook - KotakMF - httpsfacebookcomKotakMF
YouTube - Kotak Mutual Fund - httpswwwyoutubecomcKotakMutualFundOfficial
Instagram - Kotak Mutual Fund - httpsinstagramcomkotakmfigshid=kr86qg3u973n
LinkedIn - Kotak Mutual Fund - httpswwwlinkedincomcompanykotak-mutual-fund
ANNEXURES
81
Kotak MF Mantra lsquoReturn of Capitalrsquo is more important
Strong Promoters Cashflow backed business Liquidity and Asset Security are key to our investment ideas
82
Rating amp Category Breakup Across Kotak MF Open-Ended Debt Funds
Data As on 26 Feb 2021
We follow our investment process of focussing on credit quality and liquidity profile of our debt funds and maintain high degree of transparency for investors
Please consult your financial advisor or other professionals before acting on any information in this communication
It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Mutual fund investments are subject to market risks read all scheme related documents carefully
Feb-21 April-20
Credit Rating of Open-Ended Debt Funds of Total AUM of Total AUM
TbillG-SecSDLAAAA1+Cash 9393 9281
AA+ 228 165
AA 248 290
AA- 087 142
Below AA- 043 122
Grand Total (AUM) (INR Cr) 11895880 78624
The above rating allocation does not include NCA (Net Current Assets)
83
bull At Kotak MF we have zero borrowing across all our funds as on 26 Feb 2021
Mutual fund investments are subject to market risks read all scheme related documents carefully
Liquidity Position Of Kotak MF Debt Funds As said earlier our incremental allocation has gone into higher quality assets
Name of the Fund Fund Category of AUM in AAA (Long Term) or
A1+ (Short Term) Sovereign Debt Cash amp NCA (Dec 2020)
of AUM in AAA (Long Term) or A1+ (Short Term) Sovereign Debt
Cash amp NCA (Apr 2020)
Non-Credit Strategies
Kotak Liquid Fund Liquid 100 100
Kotak Money Market Fund Money Market 100 100
Kotak Corporate Bond Fund Corporate Bond 100 100
Kotak Bond Short Term Fund Short Duration 100 100
Kotak Bond Fund Medium to Long Duration 96 86
Kotak Dynamic Bond Fund Dynamic Bond 92 85
Kotak Savings Fund Ultra Short Duration 91 87
Kotak Banking and PSU Debt Fund
Banking and PSU 88 79
Kotak Low Duration Fund Low Duration 85 52
Credit Strategies
Kotak Medium Term Fund Medium Duration 63 50
Kotak Credit Risk Fund Credit Risk 36 27
As on 26 Feb 2021It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Please refer to the disclaimer slides for scheme details
The above rating allocation includes NCA (Net Current Assets)
84
Key Variables amp Their Impact On Interest Rates
Key VariablesShort Term
(3-6mo)Medium Term
(6mo-2yrs)Remarks ndash( Denotes fall in Interest Rates )
InflationHeadline CPI is expected to be in the range of 4-5 for the year Despite expansion of the fiscal deficit the quality ofspending appears to be non inflationary Inflation is unlikely to be area of problem in the year
Rupee
INR has been quite strong since last 3m curtsey strong FDI and FPI flows in equity Lat 1 yr also its marginallydepreciated We have FX reserves closes to 600 bn and given CAD and TD under control INR is expected to remain wellbid We believe in the absence of any geo political event INR is expected to be stable and shall appreciate as economicgrowth stabilizes RBI is keeping INR competitive on REER basis
Credit DemandGradually economy is opening up and Credit growth is expected to pickup as unlocking activity resumes and gains momentum post vaccination in phases However situation is fragile and this may accentuate the situation further However easy rates may help some demand pickup Till then credit growth will not impact rates negatively
Government Borrowing
Union budget has shocked the market by giving 80 extra borrowing for the current year in dated securities Next year also borrowing is on heavier side However we believe the govt RBI may have some credible plan to conduct the borrowing smoothly As the budget is non inflationary and otherwise also inflation is under control there is no reason for govt to give so high real rates hence we believe the RBI will pull some demand leveres such as index inclusion or OMO Will have to wait for MPC
RBI PolicyRbi has shown commitment in the past and there is no reason for taking the rates higher hence we believe RBI is expected to come up with some credible plan If they leave it to the market then we are headed for a tough time
Global Event RiskThe News of a Vaccine has triggered a risk-on event and lead to a sharp rally in risk asset and bonds were sold offHowever yields will look for growth which may not come in a hurry On the other hand the risk of a geopolitical eventis always open
Corporate bond SpreadWhile some green shoots seen but on an over all basis the economy is still struggling Short term spreads have seendecent compression unlikely to compress further meaningfully Long terms bonds still offer attractive spreads but likelyjust a carry trade
Debt FII flowWe have seen some traction coming in near term with revival of flows from the FPI in debt However its seems real flows will only be seen with index inclusion
Liquidity
Despite very high liquidity more than 1 yr yield is moving higher as the fear is RBI will remove accommodation sooner than later However we believe large part of the move is done 2-10 yr curve
85
Key Variables amp Their Impact On Equities
Key VariablesShort -term
Medium ndashterm
Remarks
EconomyWhile Covid-19 impacts economy there is likely to be sequential improvement as Indian economy unlocks
Corporate EarningsWhile Covid-19 impacts corporate India there is likely to be sequential improvement as Indian economy unlocks
FII FlowIndia stands out among global asset classes with prospects of strong long term growth given favorable demographics
DII Flow Long runaway of growth in financialization of savings
Supply of paperHigher disinvestment target and repair of leveraged balance sheet to create supply in markets
PolicyReform Initiative Expect improved reform momentum
Signify Growth 86
Disclaimers amp Disclosures
87
The information contained in this (document) is extracted from different public sources All reasonable care has been taken to ensure that the information contained hereinis 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 KotakMahindra Asset Management Co Ltd or any associated companies or any employee thereofWe are not soliciting any action based on this material and is for generalinformation only Investors should consult their financial advisors if in doubt about whether the product is suitable for them before investing
These materials are not intended for distribution to or use by any person in any jurisdiction where such distribution would be contrary to local law or regulation Thedistribution of this document in certain jurisdictions may be restricted or totally prohibited and accordingly persons who come into possession of this document arerequired to inform themselves about and to observe any such restrictions
Mutual Fund investments are subject to market risks read all scheme related documents carefully
Disclaimers amp Risk Factors
88
Scheme Inception date is 26052008 Mr Deepak Agrawal has been managing the fund since 25112012 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Dynamic Bond Fund As on 26 Feb 2021
Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Banking amp PSU Debt Fund As on 26 Feb 2021
89
Dec 29 1998Kotak Banking and PSU
Debt Fund - GrowthCRISIL Banking and PSU
Debt Index ALPHA CRISIL 1 Year Tbill
Kotak Banking and PSU Debt Fund - Growth
CRISIL Banking and PSU Debt Index
CRISIL 1 Year TBill
Since Inception 753 NA NA 662 50043 NA 41450
Last 1 Year 744 632 112 547 10742 10630 10546
Last 3 Years 894 868 026 665 12926 12834 12127
Last 5 Years 846 854 -008 656 15006 15064 13739
May 26 2008Kotak Dynamic Bond
Fund - GrowthNIFTY Composite Debt
Index ALPHA CRISIL 1 Year TBill
Kotak Dynamic Bond Fund - Growth
NIFTY Composite Debt Index
CRISIL 1 Year TBill
Since Inception 860 846 014 648 28659 28180 22287
Last 1 Year 685 790 -105 547 10683 10788 10546
Last 3 Years 921 934 -013 665 13022 13068 12127
Last 5 Years 912 868 044 656 15470 15161 13739
Scheme Inception date is 06032008 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Low Duration Fund As on 26 Feb 2021
Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Fund As on 26 Feb 2021
90
Mar 06 2008Kotak Low Duration
Fund - GrowthNIFTY Low Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Low Duration Fund - Growth
NIFTY Low Duration Debt Index
CRISIL 1 Year TBill
Since Inception 769 827 -058 648 26178 28053 22605
Last 1 Year 669 594 075 547 10667 10592 10546
Last 3 Years 760 723 037 665 12455 12326 12127
Last 5 Years 774 735 039 656 14514 14256 13739
Nov 25 1999Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
ALPHA CRISIL 10 Year Gilt Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 878 NA NA NA 59893 NA NA
Last 1 Year 672 765 -093 493 10670 10763 10492
Last 3 Years 879 912 -033 894 12872 12990 12927
Last 5 Years 800 859 -058 734 14692 15093 14246
Scheme Inception date is 02052002 Mr Deepak Agrawal has been managing the fund since 11072007 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Short Term Fund on 26 Feb 2021
Scheme Inception date is 21092007 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Corporate Bond Fund on 26 Feb 2021
91
May 02 2002Kotak Bond Short Term
Fund - GrowthNIFTY Short Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Bond Short Term Fund - Growth
NIFTY Short Duration Debt Index
CRISIL 1 Year TBill
Since Inception 772 793 -021 607 40606 42094 30324
Last 1 Year 720 797 -077 547 10718 10794 10546
Last 3 Years 815 828 -013 665 12648 12692 12127
Last 5 Years 785 808 -024 656 14585 14746 13739
Sep 21 2007Kotak Corporate Bond
Fund - GrowthCRISIL Corporate Bond
Composite Index ALPHA CRISIL 1 Year TBill
Kotak Corporate Bond Fund - Growth
CRISIL Corporate Bond Composite Index
CRISIL 1 Year TBill
Since Inception 818 939 -120 645 28790 33407 23163
Last 1 Year 741 793 -052 547 10739 10791 10546
Last 3 Years 838 894 -057 665 12726 12927 12127
Last 5 Years 830 885 -055 656 14898 15277 13739
Scheme Inception date is 11052010 Mr Deepak Agrawal has been managing the fund since 12042010 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Credit Risk Fund As on 26 Feb 2021
Scheme Inception date is 21032014 Mr Deepak Agrawal has been managing the fund since 22062015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Medium Term Fund As on 26 Feb 2021
92
May 11 2010Kotak Credit Risk Fund -
GrowthNIFTY Credit Risk Bond
Index ALPHA CRISIL 1 Year TBill
Kotak Credit Risk Fund -Growth
NIFTY Credit Risk Bond Index
CRISIL 1 Year TBill
Since Inception 808 930 -121 671 23159 26128 20167
Last 1 Year 455 987 -532 547 10453 10984 10546
Last 3 Years 702 900 -198 665 12253 12946 12127
Last 5 Years 755 900 -145 656 14384 15380 13739
Mar 21 2014Kotak Medium Term
Fund - GrowthNIFTY Medium Duration
Debt Index ALPHA CRISIL 10 Year Gilt
Kotak Medium Term Fund - Growth
NIFTY Medium Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 812 900 -088 826 17192 18192 17350
Last 1 Year 456 873 -417 493 10455 10871 10492
Last 3 Years 650 902 -252 894 12078 12954 12927
Last 5 Years 730 863 -133 734 14218 15121 14246
Kotak Balanced Advantage Fund Performance as on 26 Feb 2021
Scheme Inception date is 03082018 Mr Harish Krishnan Mr Abhishek Bisen have been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the periodhave been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point(PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark Alpha is difference ofscheme return with benchmark return
Kotak Debt Hybrid Fund Performance as on 26 Feb 2021
Scheme Inception date is 02122003 Mr Abhishek Bisen has been managing the fund since 01042008 Mr Devender Singhal has been managing the fund since 25082015Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (CompoundedAnnualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of SchemeBenchmark Name of Additional BenchmarkThe performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark returnTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant(PRI)The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using compositeCAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return 93
Aug 03 2018Kotak Balanced
Advantage Fund -Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA Nifty 50 TRI
Kotak Balanced Advantage Fund -
Growth
NIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1092 1167 -075 1130 13052 13281 13166
Last 1 Year 1849 2142 -292 3137 11844 12135 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Dec 02 2003Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
ALPHA CRISIL 10 Year Gilt Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
CRISIL 10 Year Gilt
Since Inception 809 855 -045 582 38280 41141 26537
Last 1 Year 1502 1166 336 493 11497 11162 10492
Last 3 Years 923 1010 -086 894 13030 13341 12927
Last 5 Years 1046 1030 017 734 16443 16319 14246
Kotak Asset Allocator Fund as on 26 Feb 2021
Scheme Inception date is 09082004 Mr Devender Singhal amp Mr Arjun Khanna has been managing the fund since 09052019 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using composite CAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return
Scheme Inception date is 29121998 Mr Abhishek Bisen has been managing the fund since 15042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Gilt Fund As on 26 Feb 2021
94
Aug 09 2004Kotak Asset Allocator
Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA SampP BSE SENSEX TRI
Kotak Asset Allocator Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index SampP BSE SENSEX TRI
Since Inception 1578 1221 357 1579 113266 67426 113398
Last 1 Year 2928 2142 786 3000 12919 12135 12990
Last 3 Years 1462 1199 262 1422 15051 14043 14894
Last 5 Years 1464 1355 109 1789 19793 18868 22764
Dec 29 1998Kotak Gilt Fund -
GrowthNIFTY All Duration G-Sec
Index ALPHA CRISIL 10 Year Gilt
Kotak Gilt Fund -Growth
NIFTY All Duration G-Sec Index
CRISIL 10 Year Gilt
Since Inception 951 NA NA NA 74952 NA NA
Last 1 Year 768 641 128 493 10766 10639 10492
Last 3 Years 980 1001 -021 894 13234 13311 12927
Last 5 Years 892 848 044 734 15325 15020 14246
Kotak Pioneer Fund as on 26 Feb 2021
Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Different plans have different expense structure The performance details provided herein are of regular plan 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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
95
Oct 31 2019Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
ALPHA Nifty 50 TRI Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
Nifty 50 TRI
Since Inception 3678 2467 1211 1752 15149 13397 12386
Last 1 Year 5550 4230 1320 3137 15531 14216 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Feb 25 2008Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
ALPHA Nifty 50 TRI
Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
Nifty 50 TRI
Since Inception 719 133 586 951 24675 11876 32619
Last 1 Year 2940 3064 -124 3137 12931 13054 13127
Last 3 Years 405 243 162 1288 11265 10746 14378
Last 5 Years 1332 1089 243 1729 18676 16760 22189
Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 01022015
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Infrastructure amp Economic Reform Fund as on 26 Feb 2021
96
Feb 20 2018Kotak India Growth Fund -
Series IV - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series IV - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1462 1173 289 1328 15099 13979 14570
Last 1 Year 6667 3224 3443 3137 16644 13214 13127
Last 3 Years 1471 1135 335 1288 15087 13803 14378
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 20022018 Mr Devender Singhal has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak India Growth Fund Series IV as on 26 Feb 2021
Kotak India Growth Fund Series V as on 26 Feb 2021
May 15 2018Kotak India Growth Fund -
Series V - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series V - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1389 1146 243 1265 14372 13534 13939
Last 1 Year 4661 3224 1437 3137 14646 13214 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak Smallcap Fund Performance as on 26 Feb 2021
Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the TotalReturn variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
97
Kotak Smallcap Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1930000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 8187177 3266871 1617790 1001229 576604 190906
Scheme Returns () 1620 1905 1843 2067 3331 12808
NIFTY Smallcap 100 (TRI) Returns () 1048 1159 1036 1161 2174 12178
Alpha 572 746 808 905 1158 630
NIFTY Smallcap 100 (TRI) (Rs) 4794025 2190608 1213472 802393 493594 187746
Nifty 50 (TRI) (Rs)^ 5809863 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1256 1341 1364 1570 1947 6633
Scheme Inception - February 242005 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Feb 24 2005Kotak Smallcap Fund -
GrowthNIFTY Smallcap 100 TRI ALPHA Nifty 50 TRI
Kotak Smallcap Fund -Growth
NIFTY Smallcap 100 TRI Nifty 50 TRI
Since Inception 1648 1274 375 1440 115182 68229 86309
Last 1 Year 5224 4358 866 3137 15207 14344 13127
Last 3 Years 1309 -017 1326 1288 14460 9950 14378
Last 5 Years 2040 1419 622 1729 25291 19406 22189
Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) Performance as on 26 Feb 2021
98
Kotak Flexi Cap Fund (Previously known as Kotak Select Standard Multi Cap Fund)
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1380000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 3453492 2729977 1380165 856388 468086 156611
Scheme Returns () 1505 1571 1397 1426 1792 6240
Nifty 200 (TRI) Returns () 1288 1368 1351 1514 1931 6874
Alpha 218 204 045 -088 -139 -634
Nifty 200 (TRI) (Rs) 3011611 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 2974930 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1268 1341 1364 1570 1947 6633
Scheme Inception - September 11 2009 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 11 2009Kotak Flexi Cap Fund -
GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak Flexi Cap Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1391 1156 235 1140 44527 35062 34492
Last 1 Year 2497 3224 -727 3137 12489 13214 13127
Last 3 Years 1082 1135 -054 1288 13604 13803 14378
Last 5 Years 1738 1719 020 1729 22274 22089 22189
Kotak Emerging Equity Fund Performance As on 26 Feb 2021
Scheme Inception date is 30032007 Mr Pankaj Tibrewal has been managing the fund since 27052010 Different plans have different expense structure The performance detailsprovided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circulardated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha isdifference of scheme return with benchmark return
99
Kotak Emerging Equity Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1680000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 6176383 3334607 1562085 940171 526485 173627
Scheme Returns () 1705 1943 1745 1807 2647 9422
Nifty Midcap 100 (TRI) Returns () 1388 1480 1370 1440 2237 9753
Alpha 316 463 375 368 410 -332
Nifty Midcap 100 (TRI) (Rs) 4795200 2599125 1367070 859342 497885 175354
Nifty 50 (TRI) (Rs)^ 4226246 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1229 1341 1364 1570 1947 6633
Scheme Inception - March 30 2007 The returns are calculated by XIRR approach assuming investment of 10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Mar 30 2007Kotak Emerging Equity
Fund - GrowthNifty Midcap 100 TRI ALPHA Nifty 50 TRI
Kotak Emerging Equity Fund - Growth
Nifty Midcap 100 TRI Nifty 50 TRI
Since Inception 1320 1332 -012 1138 56228 57054 44823
Last 1 Year 3676 3998 -322 3137 13664 13985 13127
Last 3 Years 1207 679 528 1288 14070 12177 14378
Last 5 Years 1997 1624 372 1729 24836 21217 22189
Kotak Tax Saver Fund Performance as on 26 Feb 2021
Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
100
Kotak Tax Saver Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1840000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5208479 2557585 1384584 874589 483657 158907
Scheme Returns () 1251 1450 1406 1511 2027 6660
Nifty 500 (TRI) Returns () 1244 1387 1367 1525 1992 7206
Alpha 007 063 038 -014 035 -546
Nifty 500 (TRI) (Rs) 5177617 2472906 1365740 877640 481312 161867
Nifty 50 (TRI) (Rs)^ 5074950 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1221 1341 1364 1570 1947 6633
Scheme Inception - November 23 2005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initialand final value and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Nov 23 2005Kotak Tax Saver Fund -
GrowthNifty 500 TRI ALPHA Nifty 50 TRI
Kotak Tax Saver Fund -Growth
Nifty 500 TRI Nifty 50 TRI
Since Inception 1217 1303 -085 1328 57797 64882 67113
Last 1 Year 2685 3347 -662 3137 12677 13337 13127
Last 3 Years 1219 1086 133 1288 14116 13621 14378
Last 5 Years 1741 1731 010 1729 22304 22207 22189
Kotak Equity Opportunities Fund Performance as on 26 Feb 2021
Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012 Different plans have different expense structure The performance details provided hereinare of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRAMFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
101
Kotak Equity Opportunities Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1980000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 7635338 2664264 1403160 880871 486395 158045
Scheme Returns () 1478 1526 1443 1540 2067 6502
Nifty 200 (TRI) Returns () 1281 1368 1351 1514 1931 6874
Alpha 197 158 092 026 136 -373
Nifty 200 (TRI) (Rs) 6308482 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 6292270 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1279 1341 1364 1570 1947 6633
Scheme Inception - September 09 2004 The returns are calculated by XIRR approach assuming investment of Rs 10000- 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 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 TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 09 2004Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI ALPHA Nifty 50 TRI Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1831 1537 294 1555 159694 105534 108232
Last 1 Year 2771 3224 -453 3137 12762 13214 13127
Last 3 Years 1158 1135 023 1288 13887 13803 14378
Last 5 Years 1791 1719 072 1729 22776 22089 22189
Kotak Bluechip Fund Performance as on 26 Feb 2021
Since inception date of Kotak Bluechip Fund - Reg Growth is 4022003 Mr Harish Krishnan has been managing the fund since 01012014Different plans have different expense structure Theperformance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000-investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 theperformance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the schemebenchmark performance is calculated using composite CAGR of SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Since Inception date of KotakBluechip Fund- Dividend plan is 29121998 Alpha is difference of scheme return with benchmark return
102
Kotak Bluechip Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 2170000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 9909049 2429408 1342358 867738 482271 158190
Scheme Returns () 1497 1354 1319 1479 2006 6528
Nifty 50 (TRI) Returns () 1393 1341 1364 1570 1947 6633
Alpha 103 013 -045 -091 059 -105
Nifty 50 (TRI) (Rs) 8857197 2412890 1363994 887303 478297 158761
SampP BSE SENSEX (TRI) (Rs)^ 9110194 2472879 1393707 907359 481833 157647
SampP BSE SENSEX (TRI) Returns () 1419 1387 1424 1662 2000 6429
Scheme Inception - December 29 1998 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the scheme benchmark SIP Performance is calculated by taking SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Alpha is difference of scheme return with benchmark return
Feb 04 2003Kotak Bluechip Fund -
GrowthNifty 50 TRI ALPHA SampP BSE SENSEX TRI
Kotak Bluechip Fund -Growth
Nifty 50 TRI SampP BSE SENSEX TRI
Since Inception 1967 1722 246 1738 256865 176573 181028
Last 1 Year 3007 3137 -130 3000 12998 13127 12990
Last 3 Years 1181 1288 -107 1422 13975 14378 14894
Last 5 Years 1575 1729 -154 1789 20767 22189 22764
Kotak India EQ Contra Fund as on 26 Feb 2021
Jul 27 2005Kotak India EQ Contra
Fund - GrowthNifty 100 TRI ALPHA Nifty 50 TRI
Kotak India EQ Contra Fund - Growth
Nifty 100 TRI Nifty 50 TRI
Since Inception 1321 1408 -088 1388 69209 78041 75924
Last 1 Year 3123 3120 003 3137 13113 13110 13127
Last 3 Years 1293 1191 102 1288 14396 14010 14378
Last 5 Years 1830 1719 110 1729 23155 22098 22189
Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
103
Kotak India EQ Contra Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1880000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5753810 2581589 1412974 907013 487708 163570
Scheme Returns () 1309 1467 1463 1660 2087 7522
Nifty 100 (TRI) Returns () 1268 1363 1351 1519 1891 6526
Alpha 041 104 112 141 195 996
Nifty 100 (TRI) (Rs) 5543589 2441380 1357611 876201 474636 158175
Nifty 50 (TRI) (Rs)^ 5371562 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1233 1341 1364 1570 1947 6633
Scheme Inception - July 272005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initial and finalvalue and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Other Funds Managed by Mr Deepak Agarwal
Mr Deepak Agrawal manages 12 funds amp All FMPs of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan (Kotak Bond Short Term Fund (May 02 02) Kotak Dynamic Bond Fund (May 26 08) Kotak Money Market Fund (Nov 25 07) Kotak Liquid Fund (Nov 04 03) Kotak Banking and PSU Debt Fund (Dec 29 98) Kotak Savings Fund (Jul 11 07) Kotak Credit Risk Fund (May 11 10) Kotak Medium Term Fund (Mar 21 14) Kotak Low Duration Fund (Jan 31 15) Kotak Corporate Bond Fund (Sep 21 07) Kotak Overnight Fund (Jan 15 19) All Fixed Maturity Plans in existence (Aug 1315) Kotak Floating Fund (May 14 2019)
Kotak Floating Rate Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 14052019 Mr Deepak Agrawal has been managing the fund since 14052019Kotak Banking and PSU Debt Fund - Growth Name of the Benchmark - CRISIL Banking and PSU Debt Index Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008Kotak Savings Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 13082004 Mr Deepak Agrawal has been managing the fund since 01042008Kotak Liquid Fund - Growth Name of the Benchmark - NIFTY Liquid Index Scheme Inception date is 04112003 Mr Deepak Agrawal has been managing the fund since 01052007Kotak Overnight Fund - Growth Name of the Benchmark - NIFTY 1D Rate Index Scheme Inception date is 15012019 Mr Deepak Agrawal has been managing the fund since 15012019Kotak Money Market Fund - Growth Name of the Benchmark - NIFTY Money Market Index Scheme Inception date is 14072003 Mr Deepak Agrawal has been managing the fund since 01112006
104
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Floating Rate Fund - Growth 808 514 NA NA NA NA 772 610
Kotak Banking and PSU Debt Fund - Growth 744 632 894 868 846 854 753 NA
Kotak Savings Fund - Growth 524 514 684 696 705 716 760 797
Bottom 3
Kotak Money Market Fund - Growth 520 471 692 638 699 672 728 742
Kotak Liquid Fund - Growth 377 388 577 582 627 624 715 717
Kotak Overnight Fund - Growth 296 312 NA NA NA NA 429 443
Funds Managed by Mr Harsha Upadhyaya
Mr Harsha Upadhyaya manages 4 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Opportunities Fund (Sep 9 04) Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) (Sep 11 09) Kotak Tax Saver Fund (Nov 2305)
Funds Managed by Mr Pankaj Tibrewal
Mr Pankaj Tibrewal manages 3 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Small Cap Fund (Feb 2405) Kotak Emerging Equity Fund (Mar 3007) Kotak Equity Hybrid Fund (Nov 2599) Kotak Smallcap Fund - Growth Name of the Benchmark - NIFTY Smallcap 100 TRI Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010 Kotak Equity Hybrid Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008
105
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Equity Opportunities Fund - Growth 2771 3224 1158 1135 1791 1719 1831 1537
Kotak Tax Saver Fund - Growth 2685 3347 1219 1086 1741 1731 1217 1303
Kotak Flexi Cap Fund - Growth 2497 3224 1082 1135 1738 1719 1391 1156
Kotak ESG Opportunities Fund - Growth Kotak ESG Opportunities Fund has not yet completed 1 year from Inception the performance of the scheme is not disclosed
Kotak Equity Opportunities Fund - Growth (Erstwhile Kotak Opportunities) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012
Kotak Tax Saver Fund - Growth Name of the Benchmark - Nifty 500 TRI Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015
Kotak Flexi Cap Fund - Growth (Erstwhile Kotak Standard Multicap Fund) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Small Cap Fund - Growth 5224 4358 1309 -017 2040 1419 1648 1274
Kotak Emerging Equity Fund - Growth 3676 3998 1207 679 1997 1624 1320 1332
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Funds Managed by Mr Hiten Shah
Mr Hiten Shah manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Balanced Advantage Fund (Aug 03 18) Kotak Equity Savings Fund (Oct 13 2014) Kotak Equity Arbitrage Fund (Sep 29 05) Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Equity Arbitrage Fund - Growth Name of the Benchmark - Nifty 50 Arbitrage Index Scheme Inception date is 29092005 Mr Hiten Shah has been managing the fund since 03102019
Funds Managed by Ms Shibani Kurian
Ms Shibani Kurian manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak India EQ Contra Fund - Growth (July 27 05) Kotak India Growth Fund Series 7 (Aug 31 18) Kotak Focused Equity fund (Jul 16 19) Kotak India EQ Contra Fund - Growth (Erstwhile Classic Equity Fund) Name of the Benchmark - Nifty 100 TRI Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak India Growth Fund - Series 7 - Growth Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 31082018 Ms Shibani Kurian has been managing the fund since 09052019
106
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Balanced Advantage Fund - Growth 1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Kotak Equity Arbitrage Fund - Growth 354 186 539 454 577 484 713 NA
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak India EQ Contra Fund - Growth 3123 3120 1293 1191 1830 1719 1321 1408
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak India Growth Fund - Series 7 - Growth 2018 3137 NA NA NA NA 1042 1037
Other Funds Managed by Mr Harish Krishnan
Mr Harish Krishnan manages 7 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak BluechipFund (Feb 04 03) Kotak Infrastructure amp Economic Reform Fund (Feb 25 08) Kotak India Growth Fund Series 5 (May1518) Kotak Balanced Advantage Fund (Aug 0318) Kotak Equity Savings Fund (Oct 13 14) Kotak Focused Equity fund (Jul 16 19) Kotak Pioneer Fund (Oct 31 19
Kotak Pioneer Fund - Growth Name of the Benchmark - 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Kotak India Growth Fund Series 5- Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018Kotak Bluechip Fund - Growth (Erstwhile Kotak 50) Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 04022003 Mr Harish Krishnan has been managing the fund since 15112013Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Infrastructure and Economic Reform Fund - Growth Name of the Benchmark - India Infrastructure Index (Customised Index by IISL) Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 31012015
107
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Pioneer Fund - Growth 5550 4230 NA NA NA NA 3678 2467
Kotak India Growth Fund - Series 5 - Growth 4661 3224 NA NA NA NA 1389 1146
Kotak Bluechip Fund - Growth 3007 3137 1181 1288 1575 1729 1967 1722
Bottom 3
Kotak Infrastructure and Economic Reform Fund -Growth
2940 3064 405 243 1332 1089 719 133
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Other Funds Managed by Mr Abhishek Bisen
Mr Abhishek Bisen manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Hybrid Fund (Nov 05 2014) Kotak Debt Hybrid Fund (Dec 02 03) Kotak Bond Fund (Regular Plan) (Apr 15 08) Kotak Gilt Fund (Regular amp PF-Trust) (Dec 29 98) Kotak Equity Savings Fund (Oct 13 14) Kotak Gold ETF (Jul 27 07) Kotak Gold Fund (Mar 25 11) Kotak Balanced Advantage Fund (Aug 03 18)
Kotak Gold Fund - Growth Name of the Benchmark - Price of Gold Scheme Inception date is 25032011 Mr Abhishek Bisen has been managing the fund since 04032011Kotak Gold ETF Name of the Benchmark - Price of Gold Scheme Inception date is 27072007 Mr Abhishek Bisen has been managing the fund since 15042008 amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Equity Hybrid Fund - Growth (Erstwhile Kotak Balance) Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 and Kotak Equity Hybrid Fund - Regular plan scheme inception date is 3rd November 2014 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008Kotak Bond Fund - Growth Name of the Benchmark - NIFTY Medium to Long Duration Debt Index Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Balanced Advantage Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 5050 Index Scheme Inception date is 03082018 Mr Abhishek Bisen amp Mr Harish Krishnan has been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019
108
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Kotak Balanced Advantage Fund - Growth1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth1314 963 790 704 934 816 837 719
Bottom 3
Kotak Gold Fund - Growth 741 765 1445 1467 887 860 671 815
Kotak Gold ETF 710 765 1380 1467 764 860 1178 1290
Kotak Bond Fund - Growth 672 765 879 912 800 859 878 NA
Other Funds Managed by Mr Devender Singhal
Mr Devender Singhal manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak DebtHybrid Fund - Growth (Dec 02 03) Kotak India Growth Fund Series-4 (Feb 14 18) Kotak NV20 ETF (Dec 01 15) Kotak Banking ETF (Dec 10 14) Kotak Sensex ETF (Jun 06 08) Kotak Asset AllocatorFund (Aug 09 04) Kotak PSU Bank ETF (Nov 08 07) Kotak Nifty ETF (Feb 02 10)
Kotak India Growth Fund - Series 4 - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 14022018 Mr Devender Singhal has been managing the fund since 24012019Kotak NV20 ETF - Name of the Benchmark Nifty 50 Value 20 TRI Scheme Inception date is 01122015 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Sensex ETF Name of the Benchmark - SampP BSE SENSEX TRI Scheme Inception date is 06062008 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Nifty ETF Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 02022010 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Banking ETF Name of the Benchmark - Nifty Bank TRI Scheme Inception date is 10122014 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak PSU Bank ETF - Name of the Benchmark Nifty PSU Bank TRI Scheme Inception date is 08112007 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019
109
Scheme Name
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak India Growth Fund - Series 4 -Growth
6667 3224 1471 1135 NA NA 1462 1173
Kotak NV20 ETF 3937 4355 1526 1660 1902 2002 1643 1620
Kotak Nifty ETF 3078 3137 1261 1288 1647 1729 1044 1181
Bottom 3
Kotak Sensex ETF 2955 3000 1390 1422 1696 1789 982 1097
Kotak PSU Bank ETF 2203 2303 -876 -807 248 359 -163 -014
Kotak Banking ETF 1749 1948 1108 1183 2008 2068 1087 1132
Fund Type of Scheme
Kotak Equity Opportunities Fund Large amp Mid Cap Fund - An open ended equity scheme investing in both large cap and mid cap stocks
Kotak Small Cap Fund Small cap fund - An open-ended equity scheme predominantly investing in small cap stocks
Kotak Emerging Equity Fund Mid Cap Fund - An open ended equity scheme predominantly investing in mid cap stocks
Kotak Tax Saver Fund An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
Kotak Balanced Advantage Fund Open ended Dynamic Asset Allocation Fund
Kotak Pioneer Fund An open ended equity scheme investing in pioneering innovations theme
Kotak India EQ Contra Fund An open-ended equity scheme following contrarian investment strategy
Kotak Debt Hybrid Fund An open ended hybrid scheme investing predominantly in debt instruments
Kotak Bluechip Fund Large cap fund - An open-ended equity scheme predominantly investing in large cap stocks
Kotak Asset Allocator FundAn open ended fund of fund scheme investing in specified open-ended equity and debt Schemes of Kotak Mahindra
Mutual Fund
Kotak Equity Arbitrage Fund An open ended scheme investing in arbitrage opportunities
Kotak Equity Savings Fund An open ended scheme investing in equity arbitrage and debt
Kotak Flexicap Fund Flexicap Fund - An open ended dynamic equity scheme investing across large cap mid cap small cap stocks
Kotak Focused Equity Fund An open ended equity scheme investing in maximum 30 stocks in large-cap mid-cap and small-cap category
Kotak Floating Rate Fund An open ended debt scheme predominantly investing in floating rate instruments
Kotak Equity Hybrid Fund An open-ended hybrid scheme investing predominantly in equity and equity related instruments
Kotak International REIT FoFAn open ended fund of fund scheme investing in units of SMAM ASIA REIT Sub Trust fund andor other similar overseas
REIT funds
Kotak ESG Opportunities FundAn open ended equity scheme which follows the Environment Social and Governance (ESG) theme with flexibility of
investing across market capitalization 110
Fund Type of Scheme
Kotak Overnight Fund An open ended debt scheme investing in overnight securities
Kotak Gilt Fund An open ended debt scheme investing in government securities across maturity
Kotak Money Market Fund An open ended debt scheme investing in money market instruments
Kotak Savings Fund An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months
Kotak Bond Short Term Fund An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years
Kotak Corporate Bond Fund An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds
Kotak Credit Risk Fund An open ended debt scheme predominantly investing in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds)
Kotak Banking amp PSU Debt Fund An open ended debt scheme predominantly investing in Debt instruments of banks Public Sector Undertakings Public Financial Institutions and Municipal Bonds
Kotak Liquid Fund An open ended liquid scheme
Kotak Low Duration Fund An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months
Kotak Medium Term Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years
Kotak Dynamic Bond Fund An open ended dynamic debt scheme investing across duration
Kotak Bond Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years
Kotak India Growth Fund Series 5
Multicap Fund - A 1099 days close ended equity scheme investing across large cap midcap and small cap stocks
Kotak India Growth Fund Series 4
Multicap Fund - A 36 months close ended equity scheme investing across large cap midcap and small cap stocks
Kotak Infrastructure amp Economic Reform Fund
An open ended equity scheme following Infrastructure amp Economic Reform theme
111
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 112
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 113
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 114
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 115
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 116
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector biasKotak India Growth Series 4
Kotak India Growth Series 5bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector bias
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 117
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 118
Kotak Liquid Fund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Thank You
Stay Safe Stay Healthy and Stay Invested
119
US Retail Investors Plan To Put A Significant Chunk Of Any Forthcoming Stimulus Into The Stock Market
9
Planned proportion of stimulus amount in stock market investment if received in 2021 ()
Source dbDIG Survey Deutsche Bank Asset Allocation
Surge In US Inflation Expectation Continues UnabatedNow at Its Highest Level In Over 8 Years
10Source Compoundadvisorscom
Commodity Prices Are Rising But Not Yet To Dramatic Levels of 2007-08
11Source Refinitiv
lndian Economy
12
Headlines In Feb 21
13
Source Business Today
Source Bloomberg Quint
Updated on Feb 09 2021 0701 PM IST
Headlines In Feb 21
14
Source Business Standard
Source Bloomberg Quint
Company Registration Jumps 21 in April ndash Decrsquo20
15Source MCA
Sharp growth was due to the progression of smaller firms and LLPs towards forming companies as growth picked up along with improved facilitation through digital services
Indiarsquos Debt To GDP VS Major Economies
16Source Economic Survey 2020-21
Indiarsquos Public Debt To GDP Has Been Significantly Low Compared To Other Countries
Governmentrsquos Reform Momentum To Bolster Potential Growth
17Source Elara Securities
18
V Shaped Recovery
Source HIS Markit Bloomberg Index reading above 50 signals growth Score is generated on the three-month weighted averages of the indicators against the past thirty months of historical data
Domestic and overseas demand hold up for Indian companies
Nomura India Business Resumption Index Is Almost At Pre-Pandemic Levels
19
The resurgence of COVID-19 could represent a downside risk
Source Google Apple CMIE Bloomberg and Nomura Global Economics
PLI Schemes Can Add 16 To FY27 GDP amp Encourage Domestic Industry
Source RAVE Credit Suisseestimates 20
Real Estate Should Support Economic Recovery
Source The BLOOMBERG PROFESSIONALTM service Credit Suisse estimates
Mortgage rates have fallen to record lowsAffordability levels at all-time high
Source SBI HDFC Jefferies 21
Budget Aims For Ambitious Infra Spending In FY22
22
Budget has laid ambitious target for FY22 spending Infrastructure capex allocation for FY22 is steep execution key
Source Budget Elara Securities Research
Risk
23
Covid 19 Isnrsquot Yet Over
24Source Times of India
Upside Risks To Inflation Remain
25
Source CEIC UBS
RBI Survey Indicates Confidence Still Lagging
26Source RBI
Unemployment is Down but Income
27
CMIE Series of Unemployment unemployment rate (UER) (gt=15)
Unemployment Rate 30 day moving average ()
Unemployment Rate01 Mar 2021
Source CMIEcom
Equity Markets
28
Sare Jahan Se Acha Hindustan Hamara
Source Axis Capital29
-240
-168
-79
-72
-56
-26
-18
39
266(USD bn)
12 MONTHS FPI FLO W (Feb20 to Feb21)
India
Brazil
Indonesia
Philippines
Malaysia
South Africa
Thailand
Taiwan
South Korea
Source Bloomberg Axis Capital As on 28th February 2021 Past Performance may or may not sustain in the future
Performance Across Market Cap
Performance as on 28th Feb 2021 Sectoral Performance CY20 YTD ()
66
113 122
297
386 418
115
58
(12)
156 151 130
105 122
92
(10)
0
10
20
30
40
50
Nifty-50 Nifty Midcap 100 NSE SmallCap 100
1m returns 1y returns 3 yr CAGR 5 yr CAGR 10 yr CAGR
14
12
4
17
11 11 11 11
8
65
0
-1
-5
-8
Sma
llcap
10
0
Mid
cap
100
NIF
TY
50
Me
tals
Rea
lty
Ban
k
Ener
gy
Au
to
Pri
vate
Ban
ks
Fin
anci
als
Secv
ice
s
IT S
erv
ice
s
Me
dia
FMC
G
Ph
arm
a
30
Bumper Results for Dec 20 Quarter
31
Source MOSL Research
193 Cos Actual Expected
Sales 0 -2
EBITDA 19 15
PBT 33 20
PAT 31 17
NIFTY 50 Cos Actual Expected
Sales -1 -2
EBITDA 15 10
PBT 23 9
PAT 22 7
Significant Profit Pool Expansion Seen In PSU Banks Cement Auto And Auto Ancillary And Metals
32
Source ICICI Securities Internal Analysis Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
Profit Growth By Sectors
Nifty Earnings Are Expected To Accelerate Sharply Over Next Two Years
33Source NSE Company data IIFL Research Note Based on IIFL estimates
236 285 310 333
372 402 404 386
418 414
483 457 508
685
796
(41)
207
89 74
117
81
05
(45)
83
(10)
167
(54)
111
349
163
(10)
(5)
0
5
10
15
20
25
30
35
40
0
100
200
300
400
500
600
700
800
900
FY0
9
FY1
0
FY1
1
FY1
2
FY1
3
FY1
4
FY1
5
FY1
6
FY1
7
FY1
8
FY1
9
FY2
0
FY2
1ii
FY2
2ii
FY2
3ii
Rs (LHS) YoY (RHS)
Nifty EPS
Valuation Wise ndash Neutral Weight Momentum Wise - Overweight
Neutral weight doesnt mean selling equity It means profitbooking on excess position
34
Market Cap-to-GDP Ratio ndash Above Long Term Average
Market cap-to-GDP ratio Market rebound brings ratio above long term average
OW Equities =Ratio Below Historical Lows Neutral Equities = Ratio at Historical Average
Source Motilal Oswal 35
52
82 83
103
55
95
88
71
64 66
81
69
7983
79
56
104
FY05
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19
FY20
FY21
E
Average of 75 for the period
Valuations Are At The Higher End Of Fair Value
NIFTY PE (x) - 1 Year Forward NIFTY PB (x) - 1 Year Forward
Source Motilal Oswal36
207
8
13
18
23
28
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 179x
31
15
23
30
38
45
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 27x
37
Valuations Above Long Term Average
Source FactSet Kotak Institutional Equities Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
1 Year Forward Sector PE Current 10y Average Premium(discount)
Automobiles 232 158 469Energy 158 110 431Cement 303 219 387
Consumer Discretionary 590 425 387Technology 236 177 331Industrials 250 201 246
Pharmaceuticals 243 222 94Consumers 348 318 94
Metals 93 103 -94Utilities 80 110 -276
Consumer ex ITC 507 394 285Automobiles ex Tata Motors 228 185 231Energy ex Reliance Industries 80 90 -117
1 Year Forward Sector PB Current 10y Average Premium(discount)
Pvt banks 28 25 126PSU banks 10 11 -61
Earnings Are Increasing
38Source Bloomberg
QuarterReported PAT for NSE 500
Rs in CroreAnnualised PAT on Dec 20
Dec 19 122235
Mar 20 53406
June 20 32400
Sept 20 176786 707144
Dec 20 209795 839180
TTM 472387
Market Cap (280221) 18850128
PE Ratio 399 225
Highest Ever Quarterly Profit by India Inc
Valuations Are Not As Perceived
39
Company
PE
FY20Q1FY21
(Annualised)Q2FY21
(Annualised)Q3FY21 (Annualised) FY22E
Shree Cement 634 648 439 383 358
Ultra tech Cement 488 484 375 292 321
Mindtree 397 311 261 203 191
Asian Paints 814 2567 663 447 613
Persistent Systems 378 357 315 265 239
Hero Motocorp 190 2782 181 159 183
Bajaj Auto 223 537 249 182 202
Source Company data Kotak estimates Stocks mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of aninvestment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
The data for FY20 Q1Q2Q3 are actuals (annualised in the quarters) while FY22 is estimates
High Nifty Valuations Conceals the bargain opportunities in select Quality stocks
40Source ICICI Securities Internal Analysis
Adjusted PE Shows The True Valuation
Time To Be Neutral Weight To Equities
Marginally OW Small and Midcap
Marginally UW Large cap
Neutral Weight Equity
41
SIP has performed well
42
Patience Pays Off in SIPKotak Emerging Equity Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty Midcap 100 TRI is the benchmark for Kotak Emerging Equity FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund
43
Kotak Emerging Equity Fund Feb-19 Feb-20 Feb-21
10 Yr 1630 1567 1943
7 Yr 1636 1506 1745
5 yr 1024 889 1807
3 yr 324 526 2647
1 yr -984 1316 9422
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1239 991 1480
7 Yr 1212 867 1370
5 yr 736 317 1440
3 yr 079 -333 2237
1 yr -1572 -097 9753
Patience Pays Off in SIPKotak Tax Saver Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 500 TRI is the benchmark for Kotak Tax Saver FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculatingreturn on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting fromthe beginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer todisclaimer slides for scheme information and detailed performance of the fund
44
Kotak Tax Saver Fund Feb-19 Feb-20 Feb-21
10 Yr 1192 1159 1450
7 Yr 1227 1163 1406
5 yr 924 846 1511
3 yr 631 574 2027
1 yr -093 480 6660
Nifty 500 TRI Feb-19 Feb-20 Feb-21
10 Yr 1138 992 1387
7 Yr 1163 916 1367
5 yr 903 658 1525
3 yr 732 201 1992
1 yr -456 -397 7206
Patience Pays Off in SIPKotak Equity Opportunities Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021Returns are for regular plan Nifty 200 TRI is the benchmark for Kotak Equity Opportunities FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund 45
Kotak Equity Opportunities Fund Feb-19 Feb-20 Feb-21
10 Yr 1277 1242 1526
7 Yr 1281 1192 1443
5 yr 923 885 1540
3 yr 576 582 2067
1 yr -313 720 6502
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1140 992 1368
7 Yr 1165 915 1351
5 yr 931 686 1514
3 yr 822 256 1931
1 yr -274 -478 6874
46
Patience Pays Off in SIPKotak Bluechip Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 50 TRI is the benchmark for Kotak Bluechip FundDisclaimer SIP is an optional feature offered by Kotak Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mutual Past performance may or maynot be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating return on investmentsgiven an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from the beginning of thesubsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides forscheme information and detailed performance of the fund
Kotak Bluechip Fund Feb-19 Feb-20 Feb-21
10 Yr 1078 1016 1354
7 Yr 1064 940 1319
5 yr 758 678 1479
3 yr 539 435 2006
1 yr -282 108 6528
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1108 979 1341
7 Yr 1130 918 1364
5 yr 958 772 1570
3 yr 989 429 1947
1 yr 112 -515 6633
47
Equity Investment Opportunity
48
Kotak Pioneer Fund
India Basketbull Approx 80 of portfolio invested in 35 businesses
in India
bull Digital ecosystems
bull China + strategy for manufacturing
bull Consumer discretionary
bull Healthcare
bull Chemicals
bull Fintech
bull Materials
bull Investing in a global fund with a similar pioneering theme ndash CI SignatureTechnology Fund
bull Much more than FANGM (Facebook Amazon Netflix Google Microsoft)
bull FANGM investment less than 5 of CI Signature Technology Fund as on Jan2021
bull Investments in decentralized finance payments ecommercesemiconductor urban transport social media etc
bull The international diversification ndash hedge against the domestic businesscycle and potential of INR depreciation against the USD over the mediumterm
Companies that use technology through process for enduring competitive advantage
International Diversification
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
1 YearSince
Inception(31102019)
Kotak Pioneer Fund - Regular Plan 5550 3678
Benchmark 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI 4230 2467
Nifty 50 TRI 3137 1752
Less than equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
49
Kotak Small Cap Fund
bull Kotak Small Cap Fund Identifies the hidden growth potential of small cap sized companies
bull The essence is to spot them young and watch them grow
bull Kotak Small Cap Fund focus on investing in quality businesses with strong competitive edge run by great management generating high return on capital amp offering sustainable growth with high market potential and available at reasonable valuations
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Scheme Name 1 Year 3 Year 5 Year 7 Year 10 year
Kotak Small Cap Fund - Reg - Growth 5207 1309 2037 2233 1777
Nifty Smallcap 100 TRI 4344 -017 1412 1488 1045
Healthy growth in Revenue EBITDA and PAT in investee companies in the aftermath of COVID 19 ( Q3FY21)
Sales Growth YoY EBITDA Growth YoY PAT Growth YoY
Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21
Kotak Small Cap Fund -243 53 167 173 262 312 -163 311 338
Kotak Asset Allocator Fund ndash An Effective Asset Allocation Medium To Ride The Market
PeriodKotak Asset Allocator
Fund - GrowthNIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1578 1221 1722
Last 5 Year 1464 1355 1729
Last 3 Years 1462 1199 1288
Last 1 Years 2928 2142 3137
Past performance may or may not be sustained in the future Inception date is as of Aug 09 2004
Mutual Fund investments are subject to market risks read all scheme related documentscarefullySource ICRA As on 28th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Return Profile
bull Higher Flexibility of allocation (0-100 in Equities)bull Current equity allocation is 37
50
51
Debt Investors With Marginal Appetite For Equity Can Consider Investment In Kotak Debt Hybrid Fund
bull Fixed income component at ~75 amp above This keeps the volatility low amp relatively marginal level
bull Equity exposure at 25 or less allows the investor to obtain the flavor of equity play without significant risk to capital
bull SWP can be utilized to meet ldquotax efficientrdquo income requirements of the investor
Source ICRA As on 26th Feb 2021 Industry data is from AMFI and Kotak Debt Hybrid data is from CAMS Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Please consult your tax advisor for further details
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Benchmark Crisil Hybrid 85+15 ndash ConservativeIndex
Net Aum flows in Rs Crs over last 12 months()
As on 31st Jan 2021
885
-15540 -14655
Kotak Debt Hybrid Others Total
Time HorizonKotak Debt Hybrid
Fund Nifty 50 TRI Benchmark
1 Year 1502 3137 1166
2 Years 1329 1742 1206
3 Years 923 1288 1010
5 Years 1046 1729 1030
52
Shift Money To Alpha Generating Large Caps
7 Years 5 Years 3 Years 1 Year
Kotak Bluechip Fund ndash Direct Plan 1655 1694 1272 2655
Nifty 50 TRI 1423 1712 1254 2583
bull Kotak Bluechip Fund is flexible in its large cap themes rather than being rigid in different market scenarios
bull It continues to focus on businesses with favourable supply side dynamics
bull Also focuses on capital efficiency with a reasonable track-record of capitalizing on various opportunities
bull There are broadly 4 sub-themes that fund captures now namely Financial Savings Moving from Lockdown to Unlock Consumer Demand amp Global Business
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than 1 year Absolute returns Greater than 1 year Compound Annualized returnsPast performance may or may not be sustained in the future Direct Growth option Inception Date is 1st Jan 2013 (Regular Plan Dividend Option InceptionDate Dec 29 1998)
Should We Invest In Gold
53
Gold
bull We have highlighted risk of import duty being reduced to our gold call
bull The same has played out in this budget as import duty rationalised from 125 to 10 ( 75 Import Duty Plus Agriculture Cess )
bull If the import duty is reduced further to that extent there will be a drop in Rupee Gold prices instantly
bull Subject to that volatility we remain bullish Gold on a longer term basis
bull Gold has corrected in recent times for accumulation
Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before
acting on any information in this communication54
Active VS Passive Funds in Alpha Generation
55
56
Index Funds Underperforms Index
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documentscarefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance ampscheme information of the fund
Fund Category 1 Year 3 Year 5 Year
SampP BSE Sensex TRI 2990 1420 1790
Category Average 2866 1328 1684
Alpha-124 -092 -106
Fund Category 1 Year 3 Year 5 Year
Nifty 50 TRI3130 1290 1730
Category Average 3019 1193 1606
Alpha-111 -097 -124
Less than 1 year Absolute returns Greater than 1 year CAGR
Active Funds Can Give Alpha
bull Active funds canrsquot take more than 10instocks
bull Fund has to keep Cash to meetredemptions
bull Index changes stocks at the closing price with no impact cost
bull Globally Total Return Index is compared with funds gross return ie expenses are added back to performance In India TRI is compared with net return of the fund
bull In Insurance for eg they comparegross return with PRI In MF wecompare TRI with net return
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
57
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years()
Kotak Infrastructure amp Economic Reform Fund - Dir - Growth
3092 538 157 1841
India Infrastructure Index (Customised Index by IISL)
3064 243 1089 895
Alpha 028 295 481 946
Kotak Small Cap Fund - Dir - Growth 5427 1462 2281 2399
Nifty Smallcap 100 TRI 4344 -017 1512 1488
Alpha 1083 1479 769 911
Kotak Emerging Equity Fund - Dir - Growth 3842 1345 2235 2493
Nifty Midcap 100 TRI 3985 679 1739 1814
Alpha -143 666 496 679
Kotak Flexicap Fund - Dir - Growth 2614 1192 1969 1905
Nifty 200 TRI 3214 1135 1826 1498
Alpha -60 057 143 407
Kotak Equity Opportunities Fund - Dir -Growth
2915 1284 2035 1869
Nifty 200 TRI 3214 1135 1826 1498
Alpha -299 149 209 371
Kotak Tax Saver Fund - Dir - Growth 2841 1353 1996 1889
Nifty 500 TRI 3337 1086 1836 1539
Alpha -496 267 16 35
Less than 1 year Absolute returns Greater than 1 year CAGR
58
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years
Kotak India EQ Contra Fund - Dir - Growth 3288 1444 2107 1711
Nifty 100 TRI 311 1191 1826 1468
Alpha 178 253 281 243
Kotak Bluechip Fund - Dir - Growth 315 1307 1812 1644
Nifty 50 TRI 3127 1288 1837 1414
Alpha 023 019 -025 23
Kotak India Growth Fund - Series IV - Dir - Growth 6903 1602 - -
Nifty 200 TRI 3214 1135 - -
Alpha 3689 467 - -
Kotak Pioneer Fund - Dir - Growth 5808 - - -
85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI
423 - - -
Alpha 1578 - - -
Kotak India Growth Fund - Series V - Dir - Growth 4674 - - -
Nifty 200 TRI 3214 - - -
Alpha 146 - - -
Active Funds Can Give Alpha
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
Less than 1 year Absolute returns Greater than 1 year CAGR
Our Funds Have Bounced From The Bottom
Source MFI Explorer As on 26th February 2021 Past performance may or may not sustain in the future Please consult your financial advisor orother professionals before acting on any information in thiscommunication Please refer to the disclaimer slides for scheme information
59
554
791840 853 855 864 906
9551001
12281308
Kotak BalancedAdvantage
Fund
Kotak EquityHybrid Fund
Kotak FlexicapFund
Kotak Tax SaverFund
Kotak EquityOpportunities
Fund
Kotak FocusedEquity Fund
Kotak BluechipFund
Kotak India EQContra Fund
Kotak EmergingEquity Fund
Kotak PioneerFund
Kotak SmallCap Fund
change in NAV of our funds when Nifty 50 was ~7610 (From 23rd Mar 2020 till 26th Feb 2021)
Regular growth Plans performance
Debt Market Outlook
March 2021
60
61
Source Bloomberg
Liquidity is Here To StayMarket may have misread RBI Signal
-9000
-8000
-7000
-6000
-5000
-4000
-3000
-2000
-1000
0
1000
5
55
6
65
7
75
Jun
-19
Jul-
19
Au
g-1
9
Sep
-19
Oct
-19
No
v-1
9
Dec
-19
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
India 10-Year Bond Yield (LHS)
India Banking System Liquidity (RHS)
INR Bn
bull Overnight rates will remain anchored at Reverse Repo rates longer than what market is pricing in bull RBI aims to normalize CRR in the near-term The CRR normalisation opens up space for a variety of market operations to inject
additional liquidity which may induce curve flattening
62
Fear of Liquidity Withdrawal Spooked The Mid-To-Long End (~2-7years) of The Curve
bull Yield Curve is now pricing in more negatives ndash liquidity tightening rate hikes etc
bull Yields have moved up across the curve especially mid to long end of the yield curve
Source Bloomberg
3
4
5
6
7
8
3M 6M 1Y 2Y 3Y 4Y 5Y 6Y 7Y 8Y 10Y 11Y 12Y 13Y 14Y 15Y 23Y 30Y 40Y
India Sovereign Curve ()
01-Mar-21 31-Dec-20 30-Jun-20
Opportunity of value creation exists in the longer end of the curve
The current yield curve is too steep enhancing the case to chase the carry in fixed income as opposed to capital gains
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
FII Activity in Debt Market
Source Axis Capital
USD Mn
63
(1494)
381
(8680)
(1434)
(2695)
402
(534)(142)
471 520 191 1080
(740) (391)
(10500)
(9000)
(7500)
(6000)
(4500)
(3000)
(1500)
0
1500
3000
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
Source MOSPI ICRASource Bloomberg RBI Internal Research Morgan Stanley Research
406
530
00
10
20
30
40
50
60
70
80
Mar
-15
May
-15
Jul-
15
Sep
-15
No
v-1
5
Jan
-16
Mar
-16
May
-16
Jul-
16
Sep
-16
No
v-1
6
Jan
-17
Mar
-17
May
-17
Jul-
17
Sep
-17
No
v-1
7
Jan
-18
Mar
-18
May
-18
Jul-
18
Sep
-18
No
v-1
8
Jan
-19
Mar
-19
May
-19
Jul-
19
Sep
-19
No
v-1
9
Jan
-20
Mar
-20
May
-20
Jul-
20
Sep
-20
No
v-2
0
Jan
-21
CPI Core CPI
Headline Inflation To Remain Range-bound Though Marginally Above The 4 Mark In The Near Term
bull We expect a prolonged pause from the MPC in FY22 and an accommodative stance until late FY22 at least
CPI is still likely to be above the medium-term target of 4 for most of H1-FY22 further rate cuts appear unlikely unless the economic environment worsens significantly
64
65
RBI Remains Committed on OMOOperation Twist To Fund Govt Borrowing
FY 21 (RE) FY 22 (BE)
Gross Market Borrowing 1279788 1205708
Source indiabudgetgovin Internal Estimates BE is Budgetary estimates RE is revised Estimates
(in Rs Crores)
INR 75000 cr OMOOperation Twist already done post budget borrowing announcement
Source CNBC
SDL Spreads Close To Peak Levels Attractive in Terms of Valuation
10yr Central Govt Gilt Yields vs 10yr SDL Yields
Source RBI Jefferies66
Current Spreads Look Attractive For Long Term Investors
Source Bloomberg Citi Research
Spread between 10year Gilt and 1year Gilt Yield MPCrsquos Focus on Term Premia Is Likely To Prevent Imminent Sharp Rise In Bond Yields
Incremental Spreads in 10 Year provides a good cushion to shocks
67
211
0
50
100
150
200
250
300
Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21
Case For Carry Corporate Bond Spreads Show Attractive Valuation Opportunity
Source Bloomberg Jefferies
Corporate AAA Bond Yield ()
68
444
558
3
35
4
45
5
55
6
65
7
75
Mar
-hellip
Ap
r-2
0
May
-hellip
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
1 Year AAA Corporate Bond
3 Year AAA Corporate Bond
450
500
550
600
650
700
750
800
850
1Y 2Y 3Y 4Y 5Y 7Y 10Y
01-Mar-21 29-Jan-21 31-Dec-19
India Corporate Bond Curve
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
69
Market Is Pricing In More Negative News
NABARD Yield Incremental Yield
adjusted for holding period
Protection for Rise in 10 yrNabard (bps)
Breakeven level10 yr Nabard
A 1 yr 425 After 1 yr
10 yr 715 29 051 766
B 2 yr 505 After 2 yr
10 yr 715 21+21=42 084 799
C 3 yr 56 After 3 yr
10 yr 715 155+155+155=455 103 818
Assuming investment HTM in short bonds for respective holding periods Adjusted is incremental yield for 2 yrmultiplied by 2 and 3 yr by 3
Source Internal Analysis The above illustration is not an indication of our portfolio
Debt Outlook
70
bull Liquidity is here to stay much longer than what market is fearing
bull Overnight rates are expected to gradually trend higher as normalisation of rates take place over the course of next 1 year
bull Fear of Liquidity withdrawal has led to sharp spike in OIS- swap yields in 1 yr at 392 and 2 yr at 435 this effectively means forward curve is pricing in almost 3 rate hikes of 25 bp each in Repo rate for the seller of the 2 yr swap to break even In our opinion is too soon and more than what the fundamental situation can justify purely based on inflation outlook
bull Inspite of the recent spike in crude oil prices average headline inflation for FY 22 is in the band of 5-525
bull With comfort on inflation reduction in gold imports stable to appreciating INR (High Fx reserves)We believe RBI will maintain a status quo along with its accommodative stance as there is no big urgency to rush for rate hikes
bull RBI while not giving OMO calendar is actually done decent amount of OMO till now and remain committed for more As the System isflush with liquidity and FX flows coming RBI is constrained to conduct aggressive OMO and add liquidity As the CRR cut reversal announced earlier will take out about 16 lac cr worth liquidity will increase the ability of the RBI to conduct outright OMO vs OT which will be more positive the long bonds
bull For investors it is best to stick to intended investment horizons as volatility would continue to be order of the day
bull Duration investors with appetite for volatility can look to invest in the Gilt Bond and Dynamic Bond Funds space
bull Investors looking for relatively higher YTM can consider Floating rate Fund Medium-Term Fund and Credit Risk Fund segment
bull Investors should stay invested across fixed income strategies ndash as ldquocarryrdquo assumes significance over ldquocapital gainsrdquo
Debt Investment Opportunity
71
Debt Funds Have Generated Good Returns For The Patient Investors
Source MFi Explorer Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to disclaimer slides for detailed performance and scheme information of the funds 72
Fund Name 3 Year Returns of Fund () (CAGR)
Kotak Gilt Fund 980
Kotak Dynamic Bond Fund 921
Kotak Banking and PSU Debt Fund 894
Kotak Bond Fund 879
Kotak Corporate Bond Fund 838
Kotak Bond Short Term Fund 815
Kotak Credit Risk Fund 702
Kotak Medium Term Fund 650
73
Kotak Dynamic Bond Fund Has Outperformed Over Long-Term Since 2018
928
600
650
700
750
800
850
900
950
1000
1050
Feb
-18
Ap
r-1
8
May
-18
Jul-
18
Au
g-1
8
Sep
-18
No
v-1
8
Dec
-18
Jan
-19
Mar
-19
Ap
r-1
9
Jun
-19
Jul-
19
Au
g-1
9
Oct
-19
No
v-1
9
Jan
-20
Feb
-20
Mar
-20
May
-20
Jun
-20
Jul-
20
Sep
-20
Oct
-20
Dec
-20
Jan
-21
Feb
-21
Rolling Returns()
Kotak Dynamic Bond Fund - Reg - Growth NIFTY Composite Debt Index
915
Credit funds carry credit risk and duration dynamic funds carry interest rate risk
Hence our advice to IFA distributors is that they allocate clients money in both dynamic and accrual funds from a 3 year perspective
Source ICRA As on 26th February 2021 The above returns is daily rolling returns for last 36months Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please refer to the disclaimer slides for detailed performance of the fund
Kotak Medium Term Fund
Fund YTM (As on 26 Feb 2021) Respective Segment YieldsIncremental Earnings
(Spread)
Kotak Medium Term Fund 699 3 Year AA 574 125
Source Bloomberg Data as on 26-Feb-2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for performance details amp scheme information
Mutual fund investment are subject to market risks read all scheme related documents carefully
26-Feb-2021 Average Maturity (Years) Modified Duration (Years) Macaulay Duration (Years)
378 263 281
bull Duration of the fund has come down as we expect normalisation of rates to take place over the course of next 1 year We see merit in running lower duration in Medium Term Fund
bull We believe Kotak Medium Term fund is a reasonably attractive investment option for investors with minimum 1 year investment horizon
74
Attractive Yields Across The Segment
Source Bloomberg Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for scheme details
Mutual fund investment are subject to market risks read all scheme related documents carefully 75
458
699 699
389
638 638
0
1
2
3
4
5
6
7
8
Kotak Low Duration Fund Kotak Credit Risk Fund Kotak Medium Term Fund
YTM () (As on 26 Feb 21) Respective Segment Yields ()
1 Year OIS
3 Year AA
3 Year AA
Incremental Spread 069
Incremental Spread 061
Incremental Spread 061
Distributor Engagement
76
Prostart ndash Video Learning Platform
1FINANCIAL PLANNING (10 VIDEOS)
2SOCIAL MEDIA MARKETING (14 VIDEOS)
3UNDERSTANDING RISK IN MFrsquoS (5 VIDEOS)
4TAXATION IN MFrsquoS (2 VIDEOS)
5NEW NORMAL (1 VIDEOS)
6MAXIMIZING DIGITAL CONNECTIONS (2 VIDEOS)
7HANDLING INVESTOR EMOTIONS (4 VIDEOS)
8ACQUIRING NEW CLIENTS (3 VIDEOS)
9THE NEXT WAVE (3 VIDEOS)
77
Over 25000 Participants
have viewed these Videos (Till Feb 2021)
Testimonials
ldquoGood Initiative developed by Kotak MF to enhance knowledge amp practical approach for MFDsrdquo -Md Qaise Ghazali
ldquoVery Knowledgeable Thank You Kotak MF Teamrdquo ndashVikas Jain
10DEBT DEMYSTIFIED (12 VIDEOS)
78
Business Dashboard
Transaction History
Distributor Initiated Transaction
Capital Gain and Account Statement
Prostart
Business Hub
More than 13574 IFArsquos are actively using Business Hub
Dont miss out on the benefits of Business Hub
Co-branding Marketing Material
Business opportunities
Stay Updated Follow us at Kotak Mutual Fund Click here to visit our YouTube Channel
How To Boost Business Using Business Hub
Product Video ndash Now Available In Different Languages
Kotak Bluechip Fund
Debt Market Outlook ndash March 2021
Kotak NASDAQ-100 FOF
How to make money through equity asset allocation (English)
Equity Market Outlook ndash March 2021
HindiGujaratiMarathiTeluguKannadaTamilMalayalamBengali
English ndash Mr Arjun Khanna amp Ms Lakshmi Iyer amp Mr Harsha Upadhyaya
Hindi - Mr Arjun Khanna
79
80
Please Follow Like And Share Kotak Mutual Fundrsquos Official Social Media Pages For Regular Updates
Twitter - KotakMF - httpstwittercomKotakMF
Facebook - KotakMF - httpsfacebookcomKotakMF
YouTube - Kotak Mutual Fund - httpswwwyoutubecomcKotakMutualFundOfficial
Instagram - Kotak Mutual Fund - httpsinstagramcomkotakmfigshid=kr86qg3u973n
LinkedIn - Kotak Mutual Fund - httpswwwlinkedincomcompanykotak-mutual-fund
ANNEXURES
81
Kotak MF Mantra lsquoReturn of Capitalrsquo is more important
Strong Promoters Cashflow backed business Liquidity and Asset Security are key to our investment ideas
82
Rating amp Category Breakup Across Kotak MF Open-Ended Debt Funds
Data As on 26 Feb 2021
We follow our investment process of focussing on credit quality and liquidity profile of our debt funds and maintain high degree of transparency for investors
Please consult your financial advisor or other professionals before acting on any information in this communication
It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Mutual fund investments are subject to market risks read all scheme related documents carefully
Feb-21 April-20
Credit Rating of Open-Ended Debt Funds of Total AUM of Total AUM
TbillG-SecSDLAAAA1+Cash 9393 9281
AA+ 228 165
AA 248 290
AA- 087 142
Below AA- 043 122
Grand Total (AUM) (INR Cr) 11895880 78624
The above rating allocation does not include NCA (Net Current Assets)
83
bull At Kotak MF we have zero borrowing across all our funds as on 26 Feb 2021
Mutual fund investments are subject to market risks read all scheme related documents carefully
Liquidity Position Of Kotak MF Debt Funds As said earlier our incremental allocation has gone into higher quality assets
Name of the Fund Fund Category of AUM in AAA (Long Term) or
A1+ (Short Term) Sovereign Debt Cash amp NCA (Dec 2020)
of AUM in AAA (Long Term) or A1+ (Short Term) Sovereign Debt
Cash amp NCA (Apr 2020)
Non-Credit Strategies
Kotak Liquid Fund Liquid 100 100
Kotak Money Market Fund Money Market 100 100
Kotak Corporate Bond Fund Corporate Bond 100 100
Kotak Bond Short Term Fund Short Duration 100 100
Kotak Bond Fund Medium to Long Duration 96 86
Kotak Dynamic Bond Fund Dynamic Bond 92 85
Kotak Savings Fund Ultra Short Duration 91 87
Kotak Banking and PSU Debt Fund
Banking and PSU 88 79
Kotak Low Duration Fund Low Duration 85 52
Credit Strategies
Kotak Medium Term Fund Medium Duration 63 50
Kotak Credit Risk Fund Credit Risk 36 27
As on 26 Feb 2021It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Please refer to the disclaimer slides for scheme details
The above rating allocation includes NCA (Net Current Assets)
84
Key Variables amp Their Impact On Interest Rates
Key VariablesShort Term
(3-6mo)Medium Term
(6mo-2yrs)Remarks ndash( Denotes fall in Interest Rates )
InflationHeadline CPI is expected to be in the range of 4-5 for the year Despite expansion of the fiscal deficit the quality ofspending appears to be non inflationary Inflation is unlikely to be area of problem in the year
Rupee
INR has been quite strong since last 3m curtsey strong FDI and FPI flows in equity Lat 1 yr also its marginallydepreciated We have FX reserves closes to 600 bn and given CAD and TD under control INR is expected to remain wellbid We believe in the absence of any geo political event INR is expected to be stable and shall appreciate as economicgrowth stabilizes RBI is keeping INR competitive on REER basis
Credit DemandGradually economy is opening up and Credit growth is expected to pickup as unlocking activity resumes and gains momentum post vaccination in phases However situation is fragile and this may accentuate the situation further However easy rates may help some demand pickup Till then credit growth will not impact rates negatively
Government Borrowing
Union budget has shocked the market by giving 80 extra borrowing for the current year in dated securities Next year also borrowing is on heavier side However we believe the govt RBI may have some credible plan to conduct the borrowing smoothly As the budget is non inflationary and otherwise also inflation is under control there is no reason for govt to give so high real rates hence we believe the RBI will pull some demand leveres such as index inclusion or OMO Will have to wait for MPC
RBI PolicyRbi has shown commitment in the past and there is no reason for taking the rates higher hence we believe RBI is expected to come up with some credible plan If they leave it to the market then we are headed for a tough time
Global Event RiskThe News of a Vaccine has triggered a risk-on event and lead to a sharp rally in risk asset and bonds were sold offHowever yields will look for growth which may not come in a hurry On the other hand the risk of a geopolitical eventis always open
Corporate bond SpreadWhile some green shoots seen but on an over all basis the economy is still struggling Short term spreads have seendecent compression unlikely to compress further meaningfully Long terms bonds still offer attractive spreads but likelyjust a carry trade
Debt FII flowWe have seen some traction coming in near term with revival of flows from the FPI in debt However its seems real flows will only be seen with index inclusion
Liquidity
Despite very high liquidity more than 1 yr yield is moving higher as the fear is RBI will remove accommodation sooner than later However we believe large part of the move is done 2-10 yr curve
85
Key Variables amp Their Impact On Equities
Key VariablesShort -term
Medium ndashterm
Remarks
EconomyWhile Covid-19 impacts economy there is likely to be sequential improvement as Indian economy unlocks
Corporate EarningsWhile Covid-19 impacts corporate India there is likely to be sequential improvement as Indian economy unlocks
FII FlowIndia stands out among global asset classes with prospects of strong long term growth given favorable demographics
DII Flow Long runaway of growth in financialization of savings
Supply of paperHigher disinvestment target and repair of leveraged balance sheet to create supply in markets
PolicyReform Initiative Expect improved reform momentum
Signify Growth 86
Disclaimers amp Disclosures
87
The information contained in this (document) is extracted from different public sources All reasonable care has been taken to ensure that the information contained hereinis 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 KotakMahindra Asset Management Co Ltd or any associated companies or any employee thereofWe are not soliciting any action based on this material and is for generalinformation only Investors should consult their financial advisors if in doubt about whether the product is suitable for them before investing
These materials are not intended for distribution to or use by any person in any jurisdiction where such distribution would be contrary to local law or regulation Thedistribution of this document in certain jurisdictions may be restricted or totally prohibited and accordingly persons who come into possession of this document arerequired to inform themselves about and to observe any such restrictions
Mutual Fund investments are subject to market risks read all scheme related documents carefully
Disclaimers amp Risk Factors
88
Scheme Inception date is 26052008 Mr Deepak Agrawal has been managing the fund since 25112012 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Dynamic Bond Fund As on 26 Feb 2021
Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Banking amp PSU Debt Fund As on 26 Feb 2021
89
Dec 29 1998Kotak Banking and PSU
Debt Fund - GrowthCRISIL Banking and PSU
Debt Index ALPHA CRISIL 1 Year Tbill
Kotak Banking and PSU Debt Fund - Growth
CRISIL Banking and PSU Debt Index
CRISIL 1 Year TBill
Since Inception 753 NA NA 662 50043 NA 41450
Last 1 Year 744 632 112 547 10742 10630 10546
Last 3 Years 894 868 026 665 12926 12834 12127
Last 5 Years 846 854 -008 656 15006 15064 13739
May 26 2008Kotak Dynamic Bond
Fund - GrowthNIFTY Composite Debt
Index ALPHA CRISIL 1 Year TBill
Kotak Dynamic Bond Fund - Growth
NIFTY Composite Debt Index
CRISIL 1 Year TBill
Since Inception 860 846 014 648 28659 28180 22287
Last 1 Year 685 790 -105 547 10683 10788 10546
Last 3 Years 921 934 -013 665 13022 13068 12127
Last 5 Years 912 868 044 656 15470 15161 13739
Scheme Inception date is 06032008 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Low Duration Fund As on 26 Feb 2021
Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Fund As on 26 Feb 2021
90
Mar 06 2008Kotak Low Duration
Fund - GrowthNIFTY Low Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Low Duration Fund - Growth
NIFTY Low Duration Debt Index
CRISIL 1 Year TBill
Since Inception 769 827 -058 648 26178 28053 22605
Last 1 Year 669 594 075 547 10667 10592 10546
Last 3 Years 760 723 037 665 12455 12326 12127
Last 5 Years 774 735 039 656 14514 14256 13739
Nov 25 1999Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
ALPHA CRISIL 10 Year Gilt Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 878 NA NA NA 59893 NA NA
Last 1 Year 672 765 -093 493 10670 10763 10492
Last 3 Years 879 912 -033 894 12872 12990 12927
Last 5 Years 800 859 -058 734 14692 15093 14246
Scheme Inception date is 02052002 Mr Deepak Agrawal has been managing the fund since 11072007 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Short Term Fund on 26 Feb 2021
Scheme Inception date is 21092007 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Corporate Bond Fund on 26 Feb 2021
91
May 02 2002Kotak Bond Short Term
Fund - GrowthNIFTY Short Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Bond Short Term Fund - Growth
NIFTY Short Duration Debt Index
CRISIL 1 Year TBill
Since Inception 772 793 -021 607 40606 42094 30324
Last 1 Year 720 797 -077 547 10718 10794 10546
Last 3 Years 815 828 -013 665 12648 12692 12127
Last 5 Years 785 808 -024 656 14585 14746 13739
Sep 21 2007Kotak Corporate Bond
Fund - GrowthCRISIL Corporate Bond
Composite Index ALPHA CRISIL 1 Year TBill
Kotak Corporate Bond Fund - Growth
CRISIL Corporate Bond Composite Index
CRISIL 1 Year TBill
Since Inception 818 939 -120 645 28790 33407 23163
Last 1 Year 741 793 -052 547 10739 10791 10546
Last 3 Years 838 894 -057 665 12726 12927 12127
Last 5 Years 830 885 -055 656 14898 15277 13739
Scheme Inception date is 11052010 Mr Deepak Agrawal has been managing the fund since 12042010 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Credit Risk Fund As on 26 Feb 2021
Scheme Inception date is 21032014 Mr Deepak Agrawal has been managing the fund since 22062015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Medium Term Fund As on 26 Feb 2021
92
May 11 2010Kotak Credit Risk Fund -
GrowthNIFTY Credit Risk Bond
Index ALPHA CRISIL 1 Year TBill
Kotak Credit Risk Fund -Growth
NIFTY Credit Risk Bond Index
CRISIL 1 Year TBill
Since Inception 808 930 -121 671 23159 26128 20167
Last 1 Year 455 987 -532 547 10453 10984 10546
Last 3 Years 702 900 -198 665 12253 12946 12127
Last 5 Years 755 900 -145 656 14384 15380 13739
Mar 21 2014Kotak Medium Term
Fund - GrowthNIFTY Medium Duration
Debt Index ALPHA CRISIL 10 Year Gilt
Kotak Medium Term Fund - Growth
NIFTY Medium Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 812 900 -088 826 17192 18192 17350
Last 1 Year 456 873 -417 493 10455 10871 10492
Last 3 Years 650 902 -252 894 12078 12954 12927
Last 5 Years 730 863 -133 734 14218 15121 14246
Kotak Balanced Advantage Fund Performance as on 26 Feb 2021
Scheme Inception date is 03082018 Mr Harish Krishnan Mr Abhishek Bisen have been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the periodhave been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point(PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark Alpha is difference ofscheme return with benchmark return
Kotak Debt Hybrid Fund Performance as on 26 Feb 2021
Scheme Inception date is 02122003 Mr Abhishek Bisen has been managing the fund since 01042008 Mr Devender Singhal has been managing the fund since 25082015Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (CompoundedAnnualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of SchemeBenchmark Name of Additional BenchmarkThe performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark returnTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant(PRI)The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using compositeCAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return 93
Aug 03 2018Kotak Balanced
Advantage Fund -Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA Nifty 50 TRI
Kotak Balanced Advantage Fund -
Growth
NIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1092 1167 -075 1130 13052 13281 13166
Last 1 Year 1849 2142 -292 3137 11844 12135 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Dec 02 2003Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
ALPHA CRISIL 10 Year Gilt Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
CRISIL 10 Year Gilt
Since Inception 809 855 -045 582 38280 41141 26537
Last 1 Year 1502 1166 336 493 11497 11162 10492
Last 3 Years 923 1010 -086 894 13030 13341 12927
Last 5 Years 1046 1030 017 734 16443 16319 14246
Kotak Asset Allocator Fund as on 26 Feb 2021
Scheme Inception date is 09082004 Mr Devender Singhal amp Mr Arjun Khanna has been managing the fund since 09052019 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using composite CAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return
Scheme Inception date is 29121998 Mr Abhishek Bisen has been managing the fund since 15042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Gilt Fund As on 26 Feb 2021
94
Aug 09 2004Kotak Asset Allocator
Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA SampP BSE SENSEX TRI
Kotak Asset Allocator Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index SampP BSE SENSEX TRI
Since Inception 1578 1221 357 1579 113266 67426 113398
Last 1 Year 2928 2142 786 3000 12919 12135 12990
Last 3 Years 1462 1199 262 1422 15051 14043 14894
Last 5 Years 1464 1355 109 1789 19793 18868 22764
Dec 29 1998Kotak Gilt Fund -
GrowthNIFTY All Duration G-Sec
Index ALPHA CRISIL 10 Year Gilt
Kotak Gilt Fund -Growth
NIFTY All Duration G-Sec Index
CRISIL 10 Year Gilt
Since Inception 951 NA NA NA 74952 NA NA
Last 1 Year 768 641 128 493 10766 10639 10492
Last 3 Years 980 1001 -021 894 13234 13311 12927
Last 5 Years 892 848 044 734 15325 15020 14246
Kotak Pioneer Fund as on 26 Feb 2021
Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Different plans have different expense structure The performance details provided herein are of regular plan 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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
95
Oct 31 2019Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
ALPHA Nifty 50 TRI Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
Nifty 50 TRI
Since Inception 3678 2467 1211 1752 15149 13397 12386
Last 1 Year 5550 4230 1320 3137 15531 14216 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Feb 25 2008Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
ALPHA Nifty 50 TRI
Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
Nifty 50 TRI
Since Inception 719 133 586 951 24675 11876 32619
Last 1 Year 2940 3064 -124 3137 12931 13054 13127
Last 3 Years 405 243 162 1288 11265 10746 14378
Last 5 Years 1332 1089 243 1729 18676 16760 22189
Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 01022015
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Infrastructure amp Economic Reform Fund as on 26 Feb 2021
96
Feb 20 2018Kotak India Growth Fund -
Series IV - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series IV - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1462 1173 289 1328 15099 13979 14570
Last 1 Year 6667 3224 3443 3137 16644 13214 13127
Last 3 Years 1471 1135 335 1288 15087 13803 14378
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 20022018 Mr Devender Singhal has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak India Growth Fund Series IV as on 26 Feb 2021
Kotak India Growth Fund Series V as on 26 Feb 2021
May 15 2018Kotak India Growth Fund -
Series V - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series V - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1389 1146 243 1265 14372 13534 13939
Last 1 Year 4661 3224 1437 3137 14646 13214 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak Smallcap Fund Performance as on 26 Feb 2021
Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the TotalReturn variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
97
Kotak Smallcap Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1930000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 8187177 3266871 1617790 1001229 576604 190906
Scheme Returns () 1620 1905 1843 2067 3331 12808
NIFTY Smallcap 100 (TRI) Returns () 1048 1159 1036 1161 2174 12178
Alpha 572 746 808 905 1158 630
NIFTY Smallcap 100 (TRI) (Rs) 4794025 2190608 1213472 802393 493594 187746
Nifty 50 (TRI) (Rs)^ 5809863 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1256 1341 1364 1570 1947 6633
Scheme Inception - February 242005 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Feb 24 2005Kotak Smallcap Fund -
GrowthNIFTY Smallcap 100 TRI ALPHA Nifty 50 TRI
Kotak Smallcap Fund -Growth
NIFTY Smallcap 100 TRI Nifty 50 TRI
Since Inception 1648 1274 375 1440 115182 68229 86309
Last 1 Year 5224 4358 866 3137 15207 14344 13127
Last 3 Years 1309 -017 1326 1288 14460 9950 14378
Last 5 Years 2040 1419 622 1729 25291 19406 22189
Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) Performance as on 26 Feb 2021
98
Kotak Flexi Cap Fund (Previously known as Kotak Select Standard Multi Cap Fund)
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1380000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 3453492 2729977 1380165 856388 468086 156611
Scheme Returns () 1505 1571 1397 1426 1792 6240
Nifty 200 (TRI) Returns () 1288 1368 1351 1514 1931 6874
Alpha 218 204 045 -088 -139 -634
Nifty 200 (TRI) (Rs) 3011611 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 2974930 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1268 1341 1364 1570 1947 6633
Scheme Inception - September 11 2009 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 11 2009Kotak Flexi Cap Fund -
GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak Flexi Cap Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1391 1156 235 1140 44527 35062 34492
Last 1 Year 2497 3224 -727 3137 12489 13214 13127
Last 3 Years 1082 1135 -054 1288 13604 13803 14378
Last 5 Years 1738 1719 020 1729 22274 22089 22189
Kotak Emerging Equity Fund Performance As on 26 Feb 2021
Scheme Inception date is 30032007 Mr Pankaj Tibrewal has been managing the fund since 27052010 Different plans have different expense structure The performance detailsprovided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circulardated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha isdifference of scheme return with benchmark return
99
Kotak Emerging Equity Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1680000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 6176383 3334607 1562085 940171 526485 173627
Scheme Returns () 1705 1943 1745 1807 2647 9422
Nifty Midcap 100 (TRI) Returns () 1388 1480 1370 1440 2237 9753
Alpha 316 463 375 368 410 -332
Nifty Midcap 100 (TRI) (Rs) 4795200 2599125 1367070 859342 497885 175354
Nifty 50 (TRI) (Rs)^ 4226246 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1229 1341 1364 1570 1947 6633
Scheme Inception - March 30 2007 The returns are calculated by XIRR approach assuming investment of 10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Mar 30 2007Kotak Emerging Equity
Fund - GrowthNifty Midcap 100 TRI ALPHA Nifty 50 TRI
Kotak Emerging Equity Fund - Growth
Nifty Midcap 100 TRI Nifty 50 TRI
Since Inception 1320 1332 -012 1138 56228 57054 44823
Last 1 Year 3676 3998 -322 3137 13664 13985 13127
Last 3 Years 1207 679 528 1288 14070 12177 14378
Last 5 Years 1997 1624 372 1729 24836 21217 22189
Kotak Tax Saver Fund Performance as on 26 Feb 2021
Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
100
Kotak Tax Saver Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1840000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5208479 2557585 1384584 874589 483657 158907
Scheme Returns () 1251 1450 1406 1511 2027 6660
Nifty 500 (TRI) Returns () 1244 1387 1367 1525 1992 7206
Alpha 007 063 038 -014 035 -546
Nifty 500 (TRI) (Rs) 5177617 2472906 1365740 877640 481312 161867
Nifty 50 (TRI) (Rs)^ 5074950 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1221 1341 1364 1570 1947 6633
Scheme Inception - November 23 2005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initialand final value and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Nov 23 2005Kotak Tax Saver Fund -
GrowthNifty 500 TRI ALPHA Nifty 50 TRI
Kotak Tax Saver Fund -Growth
Nifty 500 TRI Nifty 50 TRI
Since Inception 1217 1303 -085 1328 57797 64882 67113
Last 1 Year 2685 3347 -662 3137 12677 13337 13127
Last 3 Years 1219 1086 133 1288 14116 13621 14378
Last 5 Years 1741 1731 010 1729 22304 22207 22189
Kotak Equity Opportunities Fund Performance as on 26 Feb 2021
Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012 Different plans have different expense structure The performance details provided hereinare of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRAMFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
101
Kotak Equity Opportunities Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1980000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 7635338 2664264 1403160 880871 486395 158045
Scheme Returns () 1478 1526 1443 1540 2067 6502
Nifty 200 (TRI) Returns () 1281 1368 1351 1514 1931 6874
Alpha 197 158 092 026 136 -373
Nifty 200 (TRI) (Rs) 6308482 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 6292270 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1279 1341 1364 1570 1947 6633
Scheme Inception - September 09 2004 The returns are calculated by XIRR approach assuming investment of Rs 10000- 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 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 TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 09 2004Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI ALPHA Nifty 50 TRI Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1831 1537 294 1555 159694 105534 108232
Last 1 Year 2771 3224 -453 3137 12762 13214 13127
Last 3 Years 1158 1135 023 1288 13887 13803 14378
Last 5 Years 1791 1719 072 1729 22776 22089 22189
Kotak Bluechip Fund Performance as on 26 Feb 2021
Since inception date of Kotak Bluechip Fund - Reg Growth is 4022003 Mr Harish Krishnan has been managing the fund since 01012014Different plans have different expense structure Theperformance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000-investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 theperformance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the schemebenchmark performance is calculated using composite CAGR of SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Since Inception date of KotakBluechip Fund- Dividend plan is 29121998 Alpha is difference of scheme return with benchmark return
102
Kotak Bluechip Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 2170000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 9909049 2429408 1342358 867738 482271 158190
Scheme Returns () 1497 1354 1319 1479 2006 6528
Nifty 50 (TRI) Returns () 1393 1341 1364 1570 1947 6633
Alpha 103 013 -045 -091 059 -105
Nifty 50 (TRI) (Rs) 8857197 2412890 1363994 887303 478297 158761
SampP BSE SENSEX (TRI) (Rs)^ 9110194 2472879 1393707 907359 481833 157647
SampP BSE SENSEX (TRI) Returns () 1419 1387 1424 1662 2000 6429
Scheme Inception - December 29 1998 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the scheme benchmark SIP Performance is calculated by taking SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Alpha is difference of scheme return with benchmark return
Feb 04 2003Kotak Bluechip Fund -
GrowthNifty 50 TRI ALPHA SampP BSE SENSEX TRI
Kotak Bluechip Fund -Growth
Nifty 50 TRI SampP BSE SENSEX TRI
Since Inception 1967 1722 246 1738 256865 176573 181028
Last 1 Year 3007 3137 -130 3000 12998 13127 12990
Last 3 Years 1181 1288 -107 1422 13975 14378 14894
Last 5 Years 1575 1729 -154 1789 20767 22189 22764
Kotak India EQ Contra Fund as on 26 Feb 2021
Jul 27 2005Kotak India EQ Contra
Fund - GrowthNifty 100 TRI ALPHA Nifty 50 TRI
Kotak India EQ Contra Fund - Growth
Nifty 100 TRI Nifty 50 TRI
Since Inception 1321 1408 -088 1388 69209 78041 75924
Last 1 Year 3123 3120 003 3137 13113 13110 13127
Last 3 Years 1293 1191 102 1288 14396 14010 14378
Last 5 Years 1830 1719 110 1729 23155 22098 22189
Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
103
Kotak India EQ Contra Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1880000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5753810 2581589 1412974 907013 487708 163570
Scheme Returns () 1309 1467 1463 1660 2087 7522
Nifty 100 (TRI) Returns () 1268 1363 1351 1519 1891 6526
Alpha 041 104 112 141 195 996
Nifty 100 (TRI) (Rs) 5543589 2441380 1357611 876201 474636 158175
Nifty 50 (TRI) (Rs)^ 5371562 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1233 1341 1364 1570 1947 6633
Scheme Inception - July 272005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initial and finalvalue and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Other Funds Managed by Mr Deepak Agarwal
Mr Deepak Agrawal manages 12 funds amp All FMPs of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan (Kotak Bond Short Term Fund (May 02 02) Kotak Dynamic Bond Fund (May 26 08) Kotak Money Market Fund (Nov 25 07) Kotak Liquid Fund (Nov 04 03) Kotak Banking and PSU Debt Fund (Dec 29 98) Kotak Savings Fund (Jul 11 07) Kotak Credit Risk Fund (May 11 10) Kotak Medium Term Fund (Mar 21 14) Kotak Low Duration Fund (Jan 31 15) Kotak Corporate Bond Fund (Sep 21 07) Kotak Overnight Fund (Jan 15 19) All Fixed Maturity Plans in existence (Aug 1315) Kotak Floating Fund (May 14 2019)
Kotak Floating Rate Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 14052019 Mr Deepak Agrawal has been managing the fund since 14052019Kotak Banking and PSU Debt Fund - Growth Name of the Benchmark - CRISIL Banking and PSU Debt Index Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008Kotak Savings Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 13082004 Mr Deepak Agrawal has been managing the fund since 01042008Kotak Liquid Fund - Growth Name of the Benchmark - NIFTY Liquid Index Scheme Inception date is 04112003 Mr Deepak Agrawal has been managing the fund since 01052007Kotak Overnight Fund - Growth Name of the Benchmark - NIFTY 1D Rate Index Scheme Inception date is 15012019 Mr Deepak Agrawal has been managing the fund since 15012019Kotak Money Market Fund - Growth Name of the Benchmark - NIFTY Money Market Index Scheme Inception date is 14072003 Mr Deepak Agrawal has been managing the fund since 01112006
104
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Floating Rate Fund - Growth 808 514 NA NA NA NA 772 610
Kotak Banking and PSU Debt Fund - Growth 744 632 894 868 846 854 753 NA
Kotak Savings Fund - Growth 524 514 684 696 705 716 760 797
Bottom 3
Kotak Money Market Fund - Growth 520 471 692 638 699 672 728 742
Kotak Liquid Fund - Growth 377 388 577 582 627 624 715 717
Kotak Overnight Fund - Growth 296 312 NA NA NA NA 429 443
Funds Managed by Mr Harsha Upadhyaya
Mr Harsha Upadhyaya manages 4 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Opportunities Fund (Sep 9 04) Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) (Sep 11 09) Kotak Tax Saver Fund (Nov 2305)
Funds Managed by Mr Pankaj Tibrewal
Mr Pankaj Tibrewal manages 3 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Small Cap Fund (Feb 2405) Kotak Emerging Equity Fund (Mar 3007) Kotak Equity Hybrid Fund (Nov 2599) Kotak Smallcap Fund - Growth Name of the Benchmark - NIFTY Smallcap 100 TRI Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010 Kotak Equity Hybrid Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008
105
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Equity Opportunities Fund - Growth 2771 3224 1158 1135 1791 1719 1831 1537
Kotak Tax Saver Fund - Growth 2685 3347 1219 1086 1741 1731 1217 1303
Kotak Flexi Cap Fund - Growth 2497 3224 1082 1135 1738 1719 1391 1156
Kotak ESG Opportunities Fund - Growth Kotak ESG Opportunities Fund has not yet completed 1 year from Inception the performance of the scheme is not disclosed
Kotak Equity Opportunities Fund - Growth (Erstwhile Kotak Opportunities) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012
Kotak Tax Saver Fund - Growth Name of the Benchmark - Nifty 500 TRI Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015
Kotak Flexi Cap Fund - Growth (Erstwhile Kotak Standard Multicap Fund) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Small Cap Fund - Growth 5224 4358 1309 -017 2040 1419 1648 1274
Kotak Emerging Equity Fund - Growth 3676 3998 1207 679 1997 1624 1320 1332
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Funds Managed by Mr Hiten Shah
Mr Hiten Shah manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Balanced Advantage Fund (Aug 03 18) Kotak Equity Savings Fund (Oct 13 2014) Kotak Equity Arbitrage Fund (Sep 29 05) Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Equity Arbitrage Fund - Growth Name of the Benchmark - Nifty 50 Arbitrage Index Scheme Inception date is 29092005 Mr Hiten Shah has been managing the fund since 03102019
Funds Managed by Ms Shibani Kurian
Ms Shibani Kurian manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak India EQ Contra Fund - Growth (July 27 05) Kotak India Growth Fund Series 7 (Aug 31 18) Kotak Focused Equity fund (Jul 16 19) Kotak India EQ Contra Fund - Growth (Erstwhile Classic Equity Fund) Name of the Benchmark - Nifty 100 TRI Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak India Growth Fund - Series 7 - Growth Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 31082018 Ms Shibani Kurian has been managing the fund since 09052019
106
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Balanced Advantage Fund - Growth 1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Kotak Equity Arbitrage Fund - Growth 354 186 539 454 577 484 713 NA
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak India EQ Contra Fund - Growth 3123 3120 1293 1191 1830 1719 1321 1408
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak India Growth Fund - Series 7 - Growth 2018 3137 NA NA NA NA 1042 1037
Other Funds Managed by Mr Harish Krishnan
Mr Harish Krishnan manages 7 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak BluechipFund (Feb 04 03) Kotak Infrastructure amp Economic Reform Fund (Feb 25 08) Kotak India Growth Fund Series 5 (May1518) Kotak Balanced Advantage Fund (Aug 0318) Kotak Equity Savings Fund (Oct 13 14) Kotak Focused Equity fund (Jul 16 19) Kotak Pioneer Fund (Oct 31 19
Kotak Pioneer Fund - Growth Name of the Benchmark - 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Kotak India Growth Fund Series 5- Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018Kotak Bluechip Fund - Growth (Erstwhile Kotak 50) Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 04022003 Mr Harish Krishnan has been managing the fund since 15112013Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Infrastructure and Economic Reform Fund - Growth Name of the Benchmark - India Infrastructure Index (Customised Index by IISL) Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 31012015
107
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Pioneer Fund - Growth 5550 4230 NA NA NA NA 3678 2467
Kotak India Growth Fund - Series 5 - Growth 4661 3224 NA NA NA NA 1389 1146
Kotak Bluechip Fund - Growth 3007 3137 1181 1288 1575 1729 1967 1722
Bottom 3
Kotak Infrastructure and Economic Reform Fund -Growth
2940 3064 405 243 1332 1089 719 133
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Other Funds Managed by Mr Abhishek Bisen
Mr Abhishek Bisen manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Hybrid Fund (Nov 05 2014) Kotak Debt Hybrid Fund (Dec 02 03) Kotak Bond Fund (Regular Plan) (Apr 15 08) Kotak Gilt Fund (Regular amp PF-Trust) (Dec 29 98) Kotak Equity Savings Fund (Oct 13 14) Kotak Gold ETF (Jul 27 07) Kotak Gold Fund (Mar 25 11) Kotak Balanced Advantage Fund (Aug 03 18)
Kotak Gold Fund - Growth Name of the Benchmark - Price of Gold Scheme Inception date is 25032011 Mr Abhishek Bisen has been managing the fund since 04032011Kotak Gold ETF Name of the Benchmark - Price of Gold Scheme Inception date is 27072007 Mr Abhishek Bisen has been managing the fund since 15042008 amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Equity Hybrid Fund - Growth (Erstwhile Kotak Balance) Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 and Kotak Equity Hybrid Fund - Regular plan scheme inception date is 3rd November 2014 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008Kotak Bond Fund - Growth Name of the Benchmark - NIFTY Medium to Long Duration Debt Index Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Balanced Advantage Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 5050 Index Scheme Inception date is 03082018 Mr Abhishek Bisen amp Mr Harish Krishnan has been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019
108
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Kotak Balanced Advantage Fund - Growth1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth1314 963 790 704 934 816 837 719
Bottom 3
Kotak Gold Fund - Growth 741 765 1445 1467 887 860 671 815
Kotak Gold ETF 710 765 1380 1467 764 860 1178 1290
Kotak Bond Fund - Growth 672 765 879 912 800 859 878 NA
Other Funds Managed by Mr Devender Singhal
Mr Devender Singhal manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak DebtHybrid Fund - Growth (Dec 02 03) Kotak India Growth Fund Series-4 (Feb 14 18) Kotak NV20 ETF (Dec 01 15) Kotak Banking ETF (Dec 10 14) Kotak Sensex ETF (Jun 06 08) Kotak Asset AllocatorFund (Aug 09 04) Kotak PSU Bank ETF (Nov 08 07) Kotak Nifty ETF (Feb 02 10)
Kotak India Growth Fund - Series 4 - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 14022018 Mr Devender Singhal has been managing the fund since 24012019Kotak NV20 ETF - Name of the Benchmark Nifty 50 Value 20 TRI Scheme Inception date is 01122015 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Sensex ETF Name of the Benchmark - SampP BSE SENSEX TRI Scheme Inception date is 06062008 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Nifty ETF Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 02022010 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Banking ETF Name of the Benchmark - Nifty Bank TRI Scheme Inception date is 10122014 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak PSU Bank ETF - Name of the Benchmark Nifty PSU Bank TRI Scheme Inception date is 08112007 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019
109
Scheme Name
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak India Growth Fund - Series 4 -Growth
6667 3224 1471 1135 NA NA 1462 1173
Kotak NV20 ETF 3937 4355 1526 1660 1902 2002 1643 1620
Kotak Nifty ETF 3078 3137 1261 1288 1647 1729 1044 1181
Bottom 3
Kotak Sensex ETF 2955 3000 1390 1422 1696 1789 982 1097
Kotak PSU Bank ETF 2203 2303 -876 -807 248 359 -163 -014
Kotak Banking ETF 1749 1948 1108 1183 2008 2068 1087 1132
Fund Type of Scheme
Kotak Equity Opportunities Fund Large amp Mid Cap Fund - An open ended equity scheme investing in both large cap and mid cap stocks
Kotak Small Cap Fund Small cap fund - An open-ended equity scheme predominantly investing in small cap stocks
Kotak Emerging Equity Fund Mid Cap Fund - An open ended equity scheme predominantly investing in mid cap stocks
Kotak Tax Saver Fund An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
Kotak Balanced Advantage Fund Open ended Dynamic Asset Allocation Fund
Kotak Pioneer Fund An open ended equity scheme investing in pioneering innovations theme
Kotak India EQ Contra Fund An open-ended equity scheme following contrarian investment strategy
Kotak Debt Hybrid Fund An open ended hybrid scheme investing predominantly in debt instruments
Kotak Bluechip Fund Large cap fund - An open-ended equity scheme predominantly investing in large cap stocks
Kotak Asset Allocator FundAn open ended fund of fund scheme investing in specified open-ended equity and debt Schemes of Kotak Mahindra
Mutual Fund
Kotak Equity Arbitrage Fund An open ended scheme investing in arbitrage opportunities
Kotak Equity Savings Fund An open ended scheme investing in equity arbitrage and debt
Kotak Flexicap Fund Flexicap Fund - An open ended dynamic equity scheme investing across large cap mid cap small cap stocks
Kotak Focused Equity Fund An open ended equity scheme investing in maximum 30 stocks in large-cap mid-cap and small-cap category
Kotak Floating Rate Fund An open ended debt scheme predominantly investing in floating rate instruments
Kotak Equity Hybrid Fund An open-ended hybrid scheme investing predominantly in equity and equity related instruments
Kotak International REIT FoFAn open ended fund of fund scheme investing in units of SMAM ASIA REIT Sub Trust fund andor other similar overseas
REIT funds
Kotak ESG Opportunities FundAn open ended equity scheme which follows the Environment Social and Governance (ESG) theme with flexibility of
investing across market capitalization 110
Fund Type of Scheme
Kotak Overnight Fund An open ended debt scheme investing in overnight securities
Kotak Gilt Fund An open ended debt scheme investing in government securities across maturity
Kotak Money Market Fund An open ended debt scheme investing in money market instruments
Kotak Savings Fund An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months
Kotak Bond Short Term Fund An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years
Kotak Corporate Bond Fund An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds
Kotak Credit Risk Fund An open ended debt scheme predominantly investing in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds)
Kotak Banking amp PSU Debt Fund An open ended debt scheme predominantly investing in Debt instruments of banks Public Sector Undertakings Public Financial Institutions and Municipal Bonds
Kotak Liquid Fund An open ended liquid scheme
Kotak Low Duration Fund An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months
Kotak Medium Term Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years
Kotak Dynamic Bond Fund An open ended dynamic debt scheme investing across duration
Kotak Bond Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years
Kotak India Growth Fund Series 5
Multicap Fund - A 1099 days close ended equity scheme investing across large cap midcap and small cap stocks
Kotak India Growth Fund Series 4
Multicap Fund - A 36 months close ended equity scheme investing across large cap midcap and small cap stocks
Kotak Infrastructure amp Economic Reform Fund
An open ended equity scheme following Infrastructure amp Economic Reform theme
111
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 112
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 113
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 114
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 115
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 116
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector biasKotak India Growth Series 4
Kotak India Growth Series 5bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector bias
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 117
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 118
Kotak Liquid Fund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Thank You
Stay Safe Stay Healthy and Stay Invested
119
Surge In US Inflation Expectation Continues UnabatedNow at Its Highest Level In Over 8 Years
10Source Compoundadvisorscom
Commodity Prices Are Rising But Not Yet To Dramatic Levels of 2007-08
11Source Refinitiv
lndian Economy
12
Headlines In Feb 21
13
Source Business Today
Source Bloomberg Quint
Updated on Feb 09 2021 0701 PM IST
Headlines In Feb 21
14
Source Business Standard
Source Bloomberg Quint
Company Registration Jumps 21 in April ndash Decrsquo20
15Source MCA
Sharp growth was due to the progression of smaller firms and LLPs towards forming companies as growth picked up along with improved facilitation through digital services
Indiarsquos Debt To GDP VS Major Economies
16Source Economic Survey 2020-21
Indiarsquos Public Debt To GDP Has Been Significantly Low Compared To Other Countries
Governmentrsquos Reform Momentum To Bolster Potential Growth
17Source Elara Securities
18
V Shaped Recovery
Source HIS Markit Bloomberg Index reading above 50 signals growth Score is generated on the three-month weighted averages of the indicators against the past thirty months of historical data
Domestic and overseas demand hold up for Indian companies
Nomura India Business Resumption Index Is Almost At Pre-Pandemic Levels
19
The resurgence of COVID-19 could represent a downside risk
Source Google Apple CMIE Bloomberg and Nomura Global Economics
PLI Schemes Can Add 16 To FY27 GDP amp Encourage Domestic Industry
Source RAVE Credit Suisseestimates 20
Real Estate Should Support Economic Recovery
Source The BLOOMBERG PROFESSIONALTM service Credit Suisse estimates
Mortgage rates have fallen to record lowsAffordability levels at all-time high
Source SBI HDFC Jefferies 21
Budget Aims For Ambitious Infra Spending In FY22
22
Budget has laid ambitious target for FY22 spending Infrastructure capex allocation for FY22 is steep execution key
Source Budget Elara Securities Research
Risk
23
Covid 19 Isnrsquot Yet Over
24Source Times of India
Upside Risks To Inflation Remain
25
Source CEIC UBS
RBI Survey Indicates Confidence Still Lagging
26Source RBI
Unemployment is Down but Income
27
CMIE Series of Unemployment unemployment rate (UER) (gt=15)
Unemployment Rate 30 day moving average ()
Unemployment Rate01 Mar 2021
Source CMIEcom
Equity Markets
28
Sare Jahan Se Acha Hindustan Hamara
Source Axis Capital29
-240
-168
-79
-72
-56
-26
-18
39
266(USD bn)
12 MONTHS FPI FLO W (Feb20 to Feb21)
India
Brazil
Indonesia
Philippines
Malaysia
South Africa
Thailand
Taiwan
South Korea
Source Bloomberg Axis Capital As on 28th February 2021 Past Performance may or may not sustain in the future
Performance Across Market Cap
Performance as on 28th Feb 2021 Sectoral Performance CY20 YTD ()
66
113 122
297
386 418
115
58
(12)
156 151 130
105 122
92
(10)
0
10
20
30
40
50
Nifty-50 Nifty Midcap 100 NSE SmallCap 100
1m returns 1y returns 3 yr CAGR 5 yr CAGR 10 yr CAGR
14
12
4
17
11 11 11 11
8
65
0
-1
-5
-8
Sma
llcap
10
0
Mid
cap
100
NIF
TY
50
Me
tals
Rea
lty
Ban
k
Ener
gy
Au
to
Pri
vate
Ban
ks
Fin
anci
als
Secv
ice
s
IT S
erv
ice
s
Me
dia
FMC
G
Ph
arm
a
30
Bumper Results for Dec 20 Quarter
31
Source MOSL Research
193 Cos Actual Expected
Sales 0 -2
EBITDA 19 15
PBT 33 20
PAT 31 17
NIFTY 50 Cos Actual Expected
Sales -1 -2
EBITDA 15 10
PBT 23 9
PAT 22 7
Significant Profit Pool Expansion Seen In PSU Banks Cement Auto And Auto Ancillary And Metals
32
Source ICICI Securities Internal Analysis Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
Profit Growth By Sectors
Nifty Earnings Are Expected To Accelerate Sharply Over Next Two Years
33Source NSE Company data IIFL Research Note Based on IIFL estimates
236 285 310 333
372 402 404 386
418 414
483 457 508
685
796
(41)
207
89 74
117
81
05
(45)
83
(10)
167
(54)
111
349
163
(10)
(5)
0
5
10
15
20
25
30
35
40
0
100
200
300
400
500
600
700
800
900
FY0
9
FY1
0
FY1
1
FY1
2
FY1
3
FY1
4
FY1
5
FY1
6
FY1
7
FY1
8
FY1
9
FY2
0
FY2
1ii
FY2
2ii
FY2
3ii
Rs (LHS) YoY (RHS)
Nifty EPS
Valuation Wise ndash Neutral Weight Momentum Wise - Overweight
Neutral weight doesnt mean selling equity It means profitbooking on excess position
34
Market Cap-to-GDP Ratio ndash Above Long Term Average
Market cap-to-GDP ratio Market rebound brings ratio above long term average
OW Equities =Ratio Below Historical Lows Neutral Equities = Ratio at Historical Average
Source Motilal Oswal 35
52
82 83
103
55
95
88
71
64 66
81
69
7983
79
56
104
FY05
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19
FY20
FY21
E
Average of 75 for the period
Valuations Are At The Higher End Of Fair Value
NIFTY PE (x) - 1 Year Forward NIFTY PB (x) - 1 Year Forward
Source Motilal Oswal36
207
8
13
18
23
28
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 179x
31
15
23
30
38
45
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 27x
37
Valuations Above Long Term Average
Source FactSet Kotak Institutional Equities Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
1 Year Forward Sector PE Current 10y Average Premium(discount)
Automobiles 232 158 469Energy 158 110 431Cement 303 219 387
Consumer Discretionary 590 425 387Technology 236 177 331Industrials 250 201 246
Pharmaceuticals 243 222 94Consumers 348 318 94
Metals 93 103 -94Utilities 80 110 -276
Consumer ex ITC 507 394 285Automobiles ex Tata Motors 228 185 231Energy ex Reliance Industries 80 90 -117
1 Year Forward Sector PB Current 10y Average Premium(discount)
Pvt banks 28 25 126PSU banks 10 11 -61
Earnings Are Increasing
38Source Bloomberg
QuarterReported PAT for NSE 500
Rs in CroreAnnualised PAT on Dec 20
Dec 19 122235
Mar 20 53406
June 20 32400
Sept 20 176786 707144
Dec 20 209795 839180
TTM 472387
Market Cap (280221) 18850128
PE Ratio 399 225
Highest Ever Quarterly Profit by India Inc
Valuations Are Not As Perceived
39
Company
PE
FY20Q1FY21
(Annualised)Q2FY21
(Annualised)Q3FY21 (Annualised) FY22E
Shree Cement 634 648 439 383 358
Ultra tech Cement 488 484 375 292 321
Mindtree 397 311 261 203 191
Asian Paints 814 2567 663 447 613
Persistent Systems 378 357 315 265 239
Hero Motocorp 190 2782 181 159 183
Bajaj Auto 223 537 249 182 202
Source Company data Kotak estimates Stocks mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of aninvestment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
The data for FY20 Q1Q2Q3 are actuals (annualised in the quarters) while FY22 is estimates
High Nifty Valuations Conceals the bargain opportunities in select Quality stocks
40Source ICICI Securities Internal Analysis
Adjusted PE Shows The True Valuation
Time To Be Neutral Weight To Equities
Marginally OW Small and Midcap
Marginally UW Large cap
Neutral Weight Equity
41
SIP has performed well
42
Patience Pays Off in SIPKotak Emerging Equity Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty Midcap 100 TRI is the benchmark for Kotak Emerging Equity FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund
43
Kotak Emerging Equity Fund Feb-19 Feb-20 Feb-21
10 Yr 1630 1567 1943
7 Yr 1636 1506 1745
5 yr 1024 889 1807
3 yr 324 526 2647
1 yr -984 1316 9422
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1239 991 1480
7 Yr 1212 867 1370
5 yr 736 317 1440
3 yr 079 -333 2237
1 yr -1572 -097 9753
Patience Pays Off in SIPKotak Tax Saver Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 500 TRI is the benchmark for Kotak Tax Saver FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculatingreturn on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting fromthe beginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer todisclaimer slides for scheme information and detailed performance of the fund
44
Kotak Tax Saver Fund Feb-19 Feb-20 Feb-21
10 Yr 1192 1159 1450
7 Yr 1227 1163 1406
5 yr 924 846 1511
3 yr 631 574 2027
1 yr -093 480 6660
Nifty 500 TRI Feb-19 Feb-20 Feb-21
10 Yr 1138 992 1387
7 Yr 1163 916 1367
5 yr 903 658 1525
3 yr 732 201 1992
1 yr -456 -397 7206
Patience Pays Off in SIPKotak Equity Opportunities Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021Returns are for regular plan Nifty 200 TRI is the benchmark for Kotak Equity Opportunities FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund 45
Kotak Equity Opportunities Fund Feb-19 Feb-20 Feb-21
10 Yr 1277 1242 1526
7 Yr 1281 1192 1443
5 yr 923 885 1540
3 yr 576 582 2067
1 yr -313 720 6502
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1140 992 1368
7 Yr 1165 915 1351
5 yr 931 686 1514
3 yr 822 256 1931
1 yr -274 -478 6874
46
Patience Pays Off in SIPKotak Bluechip Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 50 TRI is the benchmark for Kotak Bluechip FundDisclaimer SIP is an optional feature offered by Kotak Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mutual Past performance may or maynot be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating return on investmentsgiven an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from the beginning of thesubsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides forscheme information and detailed performance of the fund
Kotak Bluechip Fund Feb-19 Feb-20 Feb-21
10 Yr 1078 1016 1354
7 Yr 1064 940 1319
5 yr 758 678 1479
3 yr 539 435 2006
1 yr -282 108 6528
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1108 979 1341
7 Yr 1130 918 1364
5 yr 958 772 1570
3 yr 989 429 1947
1 yr 112 -515 6633
47
Equity Investment Opportunity
48
Kotak Pioneer Fund
India Basketbull Approx 80 of portfolio invested in 35 businesses
in India
bull Digital ecosystems
bull China + strategy for manufacturing
bull Consumer discretionary
bull Healthcare
bull Chemicals
bull Fintech
bull Materials
bull Investing in a global fund with a similar pioneering theme ndash CI SignatureTechnology Fund
bull Much more than FANGM (Facebook Amazon Netflix Google Microsoft)
bull FANGM investment less than 5 of CI Signature Technology Fund as on Jan2021
bull Investments in decentralized finance payments ecommercesemiconductor urban transport social media etc
bull The international diversification ndash hedge against the domestic businesscycle and potential of INR depreciation against the USD over the mediumterm
Companies that use technology through process for enduring competitive advantage
International Diversification
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
1 YearSince
Inception(31102019)
Kotak Pioneer Fund - Regular Plan 5550 3678
Benchmark 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI 4230 2467
Nifty 50 TRI 3137 1752
Less than equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
49
Kotak Small Cap Fund
bull Kotak Small Cap Fund Identifies the hidden growth potential of small cap sized companies
bull The essence is to spot them young and watch them grow
bull Kotak Small Cap Fund focus on investing in quality businesses with strong competitive edge run by great management generating high return on capital amp offering sustainable growth with high market potential and available at reasonable valuations
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Scheme Name 1 Year 3 Year 5 Year 7 Year 10 year
Kotak Small Cap Fund - Reg - Growth 5207 1309 2037 2233 1777
Nifty Smallcap 100 TRI 4344 -017 1412 1488 1045
Healthy growth in Revenue EBITDA and PAT in investee companies in the aftermath of COVID 19 ( Q3FY21)
Sales Growth YoY EBITDA Growth YoY PAT Growth YoY
Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21
Kotak Small Cap Fund -243 53 167 173 262 312 -163 311 338
Kotak Asset Allocator Fund ndash An Effective Asset Allocation Medium To Ride The Market
PeriodKotak Asset Allocator
Fund - GrowthNIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1578 1221 1722
Last 5 Year 1464 1355 1729
Last 3 Years 1462 1199 1288
Last 1 Years 2928 2142 3137
Past performance may or may not be sustained in the future Inception date is as of Aug 09 2004
Mutual Fund investments are subject to market risks read all scheme related documentscarefullySource ICRA As on 28th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Return Profile
bull Higher Flexibility of allocation (0-100 in Equities)bull Current equity allocation is 37
50
51
Debt Investors With Marginal Appetite For Equity Can Consider Investment In Kotak Debt Hybrid Fund
bull Fixed income component at ~75 amp above This keeps the volatility low amp relatively marginal level
bull Equity exposure at 25 or less allows the investor to obtain the flavor of equity play without significant risk to capital
bull SWP can be utilized to meet ldquotax efficientrdquo income requirements of the investor
Source ICRA As on 26th Feb 2021 Industry data is from AMFI and Kotak Debt Hybrid data is from CAMS Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Please consult your tax advisor for further details
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Benchmark Crisil Hybrid 85+15 ndash ConservativeIndex
Net Aum flows in Rs Crs over last 12 months()
As on 31st Jan 2021
885
-15540 -14655
Kotak Debt Hybrid Others Total
Time HorizonKotak Debt Hybrid
Fund Nifty 50 TRI Benchmark
1 Year 1502 3137 1166
2 Years 1329 1742 1206
3 Years 923 1288 1010
5 Years 1046 1729 1030
52
Shift Money To Alpha Generating Large Caps
7 Years 5 Years 3 Years 1 Year
Kotak Bluechip Fund ndash Direct Plan 1655 1694 1272 2655
Nifty 50 TRI 1423 1712 1254 2583
bull Kotak Bluechip Fund is flexible in its large cap themes rather than being rigid in different market scenarios
bull It continues to focus on businesses with favourable supply side dynamics
bull Also focuses on capital efficiency with a reasonable track-record of capitalizing on various opportunities
bull There are broadly 4 sub-themes that fund captures now namely Financial Savings Moving from Lockdown to Unlock Consumer Demand amp Global Business
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than 1 year Absolute returns Greater than 1 year Compound Annualized returnsPast performance may or may not be sustained in the future Direct Growth option Inception Date is 1st Jan 2013 (Regular Plan Dividend Option InceptionDate Dec 29 1998)
Should We Invest In Gold
53
Gold
bull We have highlighted risk of import duty being reduced to our gold call
bull The same has played out in this budget as import duty rationalised from 125 to 10 ( 75 Import Duty Plus Agriculture Cess )
bull If the import duty is reduced further to that extent there will be a drop in Rupee Gold prices instantly
bull Subject to that volatility we remain bullish Gold on a longer term basis
bull Gold has corrected in recent times for accumulation
Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before
acting on any information in this communication54
Active VS Passive Funds in Alpha Generation
55
56
Index Funds Underperforms Index
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documentscarefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance ampscheme information of the fund
Fund Category 1 Year 3 Year 5 Year
SampP BSE Sensex TRI 2990 1420 1790
Category Average 2866 1328 1684
Alpha-124 -092 -106
Fund Category 1 Year 3 Year 5 Year
Nifty 50 TRI3130 1290 1730
Category Average 3019 1193 1606
Alpha-111 -097 -124
Less than 1 year Absolute returns Greater than 1 year CAGR
Active Funds Can Give Alpha
bull Active funds canrsquot take more than 10instocks
bull Fund has to keep Cash to meetredemptions
bull Index changes stocks at the closing price with no impact cost
bull Globally Total Return Index is compared with funds gross return ie expenses are added back to performance In India TRI is compared with net return of the fund
bull In Insurance for eg they comparegross return with PRI In MF wecompare TRI with net return
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
57
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years()
Kotak Infrastructure amp Economic Reform Fund - Dir - Growth
3092 538 157 1841
India Infrastructure Index (Customised Index by IISL)
3064 243 1089 895
Alpha 028 295 481 946
Kotak Small Cap Fund - Dir - Growth 5427 1462 2281 2399
Nifty Smallcap 100 TRI 4344 -017 1512 1488
Alpha 1083 1479 769 911
Kotak Emerging Equity Fund - Dir - Growth 3842 1345 2235 2493
Nifty Midcap 100 TRI 3985 679 1739 1814
Alpha -143 666 496 679
Kotak Flexicap Fund - Dir - Growth 2614 1192 1969 1905
Nifty 200 TRI 3214 1135 1826 1498
Alpha -60 057 143 407
Kotak Equity Opportunities Fund - Dir -Growth
2915 1284 2035 1869
Nifty 200 TRI 3214 1135 1826 1498
Alpha -299 149 209 371
Kotak Tax Saver Fund - Dir - Growth 2841 1353 1996 1889
Nifty 500 TRI 3337 1086 1836 1539
Alpha -496 267 16 35
Less than 1 year Absolute returns Greater than 1 year CAGR
58
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years
Kotak India EQ Contra Fund - Dir - Growth 3288 1444 2107 1711
Nifty 100 TRI 311 1191 1826 1468
Alpha 178 253 281 243
Kotak Bluechip Fund - Dir - Growth 315 1307 1812 1644
Nifty 50 TRI 3127 1288 1837 1414
Alpha 023 019 -025 23
Kotak India Growth Fund - Series IV - Dir - Growth 6903 1602 - -
Nifty 200 TRI 3214 1135 - -
Alpha 3689 467 - -
Kotak Pioneer Fund - Dir - Growth 5808 - - -
85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI
423 - - -
Alpha 1578 - - -
Kotak India Growth Fund - Series V - Dir - Growth 4674 - - -
Nifty 200 TRI 3214 - - -
Alpha 146 - - -
Active Funds Can Give Alpha
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
Less than 1 year Absolute returns Greater than 1 year CAGR
Our Funds Have Bounced From The Bottom
Source MFI Explorer As on 26th February 2021 Past performance may or may not sustain in the future Please consult your financial advisor orother professionals before acting on any information in thiscommunication Please refer to the disclaimer slides for scheme information
59
554
791840 853 855 864 906
9551001
12281308
Kotak BalancedAdvantage
Fund
Kotak EquityHybrid Fund
Kotak FlexicapFund
Kotak Tax SaverFund
Kotak EquityOpportunities
Fund
Kotak FocusedEquity Fund
Kotak BluechipFund
Kotak India EQContra Fund
Kotak EmergingEquity Fund
Kotak PioneerFund
Kotak SmallCap Fund
change in NAV of our funds when Nifty 50 was ~7610 (From 23rd Mar 2020 till 26th Feb 2021)
Regular growth Plans performance
Debt Market Outlook
March 2021
60
61
Source Bloomberg
Liquidity is Here To StayMarket may have misread RBI Signal
-9000
-8000
-7000
-6000
-5000
-4000
-3000
-2000
-1000
0
1000
5
55
6
65
7
75
Jun
-19
Jul-
19
Au
g-1
9
Sep
-19
Oct
-19
No
v-1
9
Dec
-19
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
India 10-Year Bond Yield (LHS)
India Banking System Liquidity (RHS)
INR Bn
bull Overnight rates will remain anchored at Reverse Repo rates longer than what market is pricing in bull RBI aims to normalize CRR in the near-term The CRR normalisation opens up space for a variety of market operations to inject
additional liquidity which may induce curve flattening
62
Fear of Liquidity Withdrawal Spooked The Mid-To-Long End (~2-7years) of The Curve
bull Yield Curve is now pricing in more negatives ndash liquidity tightening rate hikes etc
bull Yields have moved up across the curve especially mid to long end of the yield curve
Source Bloomberg
3
4
5
6
7
8
3M 6M 1Y 2Y 3Y 4Y 5Y 6Y 7Y 8Y 10Y 11Y 12Y 13Y 14Y 15Y 23Y 30Y 40Y
India Sovereign Curve ()
01-Mar-21 31-Dec-20 30-Jun-20
Opportunity of value creation exists in the longer end of the curve
The current yield curve is too steep enhancing the case to chase the carry in fixed income as opposed to capital gains
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
FII Activity in Debt Market
Source Axis Capital
USD Mn
63
(1494)
381
(8680)
(1434)
(2695)
402
(534)(142)
471 520 191 1080
(740) (391)
(10500)
(9000)
(7500)
(6000)
(4500)
(3000)
(1500)
0
1500
3000
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
Source MOSPI ICRASource Bloomberg RBI Internal Research Morgan Stanley Research
406
530
00
10
20
30
40
50
60
70
80
Mar
-15
May
-15
Jul-
15
Sep
-15
No
v-1
5
Jan
-16
Mar
-16
May
-16
Jul-
16
Sep
-16
No
v-1
6
Jan
-17
Mar
-17
May
-17
Jul-
17
Sep
-17
No
v-1
7
Jan
-18
Mar
-18
May
-18
Jul-
18
Sep
-18
No
v-1
8
Jan
-19
Mar
-19
May
-19
Jul-
19
Sep
-19
No
v-1
9
Jan
-20
Mar
-20
May
-20
Jul-
20
Sep
-20
No
v-2
0
Jan
-21
CPI Core CPI
Headline Inflation To Remain Range-bound Though Marginally Above The 4 Mark In The Near Term
bull We expect a prolonged pause from the MPC in FY22 and an accommodative stance until late FY22 at least
CPI is still likely to be above the medium-term target of 4 for most of H1-FY22 further rate cuts appear unlikely unless the economic environment worsens significantly
64
65
RBI Remains Committed on OMOOperation Twist To Fund Govt Borrowing
FY 21 (RE) FY 22 (BE)
Gross Market Borrowing 1279788 1205708
Source indiabudgetgovin Internal Estimates BE is Budgetary estimates RE is revised Estimates
(in Rs Crores)
INR 75000 cr OMOOperation Twist already done post budget borrowing announcement
Source CNBC
SDL Spreads Close To Peak Levels Attractive in Terms of Valuation
10yr Central Govt Gilt Yields vs 10yr SDL Yields
Source RBI Jefferies66
Current Spreads Look Attractive For Long Term Investors
Source Bloomberg Citi Research
Spread between 10year Gilt and 1year Gilt Yield MPCrsquos Focus on Term Premia Is Likely To Prevent Imminent Sharp Rise In Bond Yields
Incremental Spreads in 10 Year provides a good cushion to shocks
67
211
0
50
100
150
200
250
300
Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21
Case For Carry Corporate Bond Spreads Show Attractive Valuation Opportunity
Source Bloomberg Jefferies
Corporate AAA Bond Yield ()
68
444
558
3
35
4
45
5
55
6
65
7
75
Mar
-hellip
Ap
r-2
0
May
-hellip
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
1 Year AAA Corporate Bond
3 Year AAA Corporate Bond
450
500
550
600
650
700
750
800
850
1Y 2Y 3Y 4Y 5Y 7Y 10Y
01-Mar-21 29-Jan-21 31-Dec-19
India Corporate Bond Curve
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
69
Market Is Pricing In More Negative News
NABARD Yield Incremental Yield
adjusted for holding period
Protection for Rise in 10 yrNabard (bps)
Breakeven level10 yr Nabard
A 1 yr 425 After 1 yr
10 yr 715 29 051 766
B 2 yr 505 After 2 yr
10 yr 715 21+21=42 084 799
C 3 yr 56 After 3 yr
10 yr 715 155+155+155=455 103 818
Assuming investment HTM in short bonds for respective holding periods Adjusted is incremental yield for 2 yrmultiplied by 2 and 3 yr by 3
Source Internal Analysis The above illustration is not an indication of our portfolio
Debt Outlook
70
bull Liquidity is here to stay much longer than what market is fearing
bull Overnight rates are expected to gradually trend higher as normalisation of rates take place over the course of next 1 year
bull Fear of Liquidity withdrawal has led to sharp spike in OIS- swap yields in 1 yr at 392 and 2 yr at 435 this effectively means forward curve is pricing in almost 3 rate hikes of 25 bp each in Repo rate for the seller of the 2 yr swap to break even In our opinion is too soon and more than what the fundamental situation can justify purely based on inflation outlook
bull Inspite of the recent spike in crude oil prices average headline inflation for FY 22 is in the band of 5-525
bull With comfort on inflation reduction in gold imports stable to appreciating INR (High Fx reserves)We believe RBI will maintain a status quo along with its accommodative stance as there is no big urgency to rush for rate hikes
bull RBI while not giving OMO calendar is actually done decent amount of OMO till now and remain committed for more As the System isflush with liquidity and FX flows coming RBI is constrained to conduct aggressive OMO and add liquidity As the CRR cut reversal announced earlier will take out about 16 lac cr worth liquidity will increase the ability of the RBI to conduct outright OMO vs OT which will be more positive the long bonds
bull For investors it is best to stick to intended investment horizons as volatility would continue to be order of the day
bull Duration investors with appetite for volatility can look to invest in the Gilt Bond and Dynamic Bond Funds space
bull Investors looking for relatively higher YTM can consider Floating rate Fund Medium-Term Fund and Credit Risk Fund segment
bull Investors should stay invested across fixed income strategies ndash as ldquocarryrdquo assumes significance over ldquocapital gainsrdquo
Debt Investment Opportunity
71
Debt Funds Have Generated Good Returns For The Patient Investors
Source MFi Explorer Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to disclaimer slides for detailed performance and scheme information of the funds 72
Fund Name 3 Year Returns of Fund () (CAGR)
Kotak Gilt Fund 980
Kotak Dynamic Bond Fund 921
Kotak Banking and PSU Debt Fund 894
Kotak Bond Fund 879
Kotak Corporate Bond Fund 838
Kotak Bond Short Term Fund 815
Kotak Credit Risk Fund 702
Kotak Medium Term Fund 650
73
Kotak Dynamic Bond Fund Has Outperformed Over Long-Term Since 2018
928
600
650
700
750
800
850
900
950
1000
1050
Feb
-18
Ap
r-1
8
May
-18
Jul-
18
Au
g-1
8
Sep
-18
No
v-1
8
Dec
-18
Jan
-19
Mar
-19
Ap
r-1
9
Jun
-19
Jul-
19
Au
g-1
9
Oct
-19
No
v-1
9
Jan
-20
Feb
-20
Mar
-20
May
-20
Jun
-20
Jul-
20
Sep
-20
Oct
-20
Dec
-20
Jan
-21
Feb
-21
Rolling Returns()
Kotak Dynamic Bond Fund - Reg - Growth NIFTY Composite Debt Index
915
Credit funds carry credit risk and duration dynamic funds carry interest rate risk
Hence our advice to IFA distributors is that they allocate clients money in both dynamic and accrual funds from a 3 year perspective
Source ICRA As on 26th February 2021 The above returns is daily rolling returns for last 36months Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please refer to the disclaimer slides for detailed performance of the fund
Kotak Medium Term Fund
Fund YTM (As on 26 Feb 2021) Respective Segment YieldsIncremental Earnings
(Spread)
Kotak Medium Term Fund 699 3 Year AA 574 125
Source Bloomberg Data as on 26-Feb-2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for performance details amp scheme information
Mutual fund investment are subject to market risks read all scheme related documents carefully
26-Feb-2021 Average Maturity (Years) Modified Duration (Years) Macaulay Duration (Years)
378 263 281
bull Duration of the fund has come down as we expect normalisation of rates to take place over the course of next 1 year We see merit in running lower duration in Medium Term Fund
bull We believe Kotak Medium Term fund is a reasonably attractive investment option for investors with minimum 1 year investment horizon
74
Attractive Yields Across The Segment
Source Bloomberg Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for scheme details
Mutual fund investment are subject to market risks read all scheme related documents carefully 75
458
699 699
389
638 638
0
1
2
3
4
5
6
7
8
Kotak Low Duration Fund Kotak Credit Risk Fund Kotak Medium Term Fund
YTM () (As on 26 Feb 21) Respective Segment Yields ()
1 Year OIS
3 Year AA
3 Year AA
Incremental Spread 069
Incremental Spread 061
Incremental Spread 061
Distributor Engagement
76
Prostart ndash Video Learning Platform
1FINANCIAL PLANNING (10 VIDEOS)
2SOCIAL MEDIA MARKETING (14 VIDEOS)
3UNDERSTANDING RISK IN MFrsquoS (5 VIDEOS)
4TAXATION IN MFrsquoS (2 VIDEOS)
5NEW NORMAL (1 VIDEOS)
6MAXIMIZING DIGITAL CONNECTIONS (2 VIDEOS)
7HANDLING INVESTOR EMOTIONS (4 VIDEOS)
8ACQUIRING NEW CLIENTS (3 VIDEOS)
9THE NEXT WAVE (3 VIDEOS)
77
Over 25000 Participants
have viewed these Videos (Till Feb 2021)
Testimonials
ldquoGood Initiative developed by Kotak MF to enhance knowledge amp practical approach for MFDsrdquo -Md Qaise Ghazali
ldquoVery Knowledgeable Thank You Kotak MF Teamrdquo ndashVikas Jain
10DEBT DEMYSTIFIED (12 VIDEOS)
78
Business Dashboard
Transaction History
Distributor Initiated Transaction
Capital Gain and Account Statement
Prostart
Business Hub
More than 13574 IFArsquos are actively using Business Hub
Dont miss out on the benefits of Business Hub
Co-branding Marketing Material
Business opportunities
Stay Updated Follow us at Kotak Mutual Fund Click here to visit our YouTube Channel
How To Boost Business Using Business Hub
Product Video ndash Now Available In Different Languages
Kotak Bluechip Fund
Debt Market Outlook ndash March 2021
Kotak NASDAQ-100 FOF
How to make money through equity asset allocation (English)
Equity Market Outlook ndash March 2021
HindiGujaratiMarathiTeluguKannadaTamilMalayalamBengali
English ndash Mr Arjun Khanna amp Ms Lakshmi Iyer amp Mr Harsha Upadhyaya
Hindi - Mr Arjun Khanna
79
80
Please Follow Like And Share Kotak Mutual Fundrsquos Official Social Media Pages For Regular Updates
Twitter - KotakMF - httpstwittercomKotakMF
Facebook - KotakMF - httpsfacebookcomKotakMF
YouTube - Kotak Mutual Fund - httpswwwyoutubecomcKotakMutualFundOfficial
Instagram - Kotak Mutual Fund - httpsinstagramcomkotakmfigshid=kr86qg3u973n
LinkedIn - Kotak Mutual Fund - httpswwwlinkedincomcompanykotak-mutual-fund
ANNEXURES
81
Kotak MF Mantra lsquoReturn of Capitalrsquo is more important
Strong Promoters Cashflow backed business Liquidity and Asset Security are key to our investment ideas
82
Rating amp Category Breakup Across Kotak MF Open-Ended Debt Funds
Data As on 26 Feb 2021
We follow our investment process of focussing on credit quality and liquidity profile of our debt funds and maintain high degree of transparency for investors
Please consult your financial advisor or other professionals before acting on any information in this communication
It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Mutual fund investments are subject to market risks read all scheme related documents carefully
Feb-21 April-20
Credit Rating of Open-Ended Debt Funds of Total AUM of Total AUM
TbillG-SecSDLAAAA1+Cash 9393 9281
AA+ 228 165
AA 248 290
AA- 087 142
Below AA- 043 122
Grand Total (AUM) (INR Cr) 11895880 78624
The above rating allocation does not include NCA (Net Current Assets)
83
bull At Kotak MF we have zero borrowing across all our funds as on 26 Feb 2021
Mutual fund investments are subject to market risks read all scheme related documents carefully
Liquidity Position Of Kotak MF Debt Funds As said earlier our incremental allocation has gone into higher quality assets
Name of the Fund Fund Category of AUM in AAA (Long Term) or
A1+ (Short Term) Sovereign Debt Cash amp NCA (Dec 2020)
of AUM in AAA (Long Term) or A1+ (Short Term) Sovereign Debt
Cash amp NCA (Apr 2020)
Non-Credit Strategies
Kotak Liquid Fund Liquid 100 100
Kotak Money Market Fund Money Market 100 100
Kotak Corporate Bond Fund Corporate Bond 100 100
Kotak Bond Short Term Fund Short Duration 100 100
Kotak Bond Fund Medium to Long Duration 96 86
Kotak Dynamic Bond Fund Dynamic Bond 92 85
Kotak Savings Fund Ultra Short Duration 91 87
Kotak Banking and PSU Debt Fund
Banking and PSU 88 79
Kotak Low Duration Fund Low Duration 85 52
Credit Strategies
Kotak Medium Term Fund Medium Duration 63 50
Kotak Credit Risk Fund Credit Risk 36 27
As on 26 Feb 2021It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Please refer to the disclaimer slides for scheme details
The above rating allocation includes NCA (Net Current Assets)
84
Key Variables amp Their Impact On Interest Rates
Key VariablesShort Term
(3-6mo)Medium Term
(6mo-2yrs)Remarks ndash( Denotes fall in Interest Rates )
InflationHeadline CPI is expected to be in the range of 4-5 for the year Despite expansion of the fiscal deficit the quality ofspending appears to be non inflationary Inflation is unlikely to be area of problem in the year
Rupee
INR has been quite strong since last 3m curtsey strong FDI and FPI flows in equity Lat 1 yr also its marginallydepreciated We have FX reserves closes to 600 bn and given CAD and TD under control INR is expected to remain wellbid We believe in the absence of any geo political event INR is expected to be stable and shall appreciate as economicgrowth stabilizes RBI is keeping INR competitive on REER basis
Credit DemandGradually economy is opening up and Credit growth is expected to pickup as unlocking activity resumes and gains momentum post vaccination in phases However situation is fragile and this may accentuate the situation further However easy rates may help some demand pickup Till then credit growth will not impact rates negatively
Government Borrowing
Union budget has shocked the market by giving 80 extra borrowing for the current year in dated securities Next year also borrowing is on heavier side However we believe the govt RBI may have some credible plan to conduct the borrowing smoothly As the budget is non inflationary and otherwise also inflation is under control there is no reason for govt to give so high real rates hence we believe the RBI will pull some demand leveres such as index inclusion or OMO Will have to wait for MPC
RBI PolicyRbi has shown commitment in the past and there is no reason for taking the rates higher hence we believe RBI is expected to come up with some credible plan If they leave it to the market then we are headed for a tough time
Global Event RiskThe News of a Vaccine has triggered a risk-on event and lead to a sharp rally in risk asset and bonds were sold offHowever yields will look for growth which may not come in a hurry On the other hand the risk of a geopolitical eventis always open
Corporate bond SpreadWhile some green shoots seen but on an over all basis the economy is still struggling Short term spreads have seendecent compression unlikely to compress further meaningfully Long terms bonds still offer attractive spreads but likelyjust a carry trade
Debt FII flowWe have seen some traction coming in near term with revival of flows from the FPI in debt However its seems real flows will only be seen with index inclusion
Liquidity
Despite very high liquidity more than 1 yr yield is moving higher as the fear is RBI will remove accommodation sooner than later However we believe large part of the move is done 2-10 yr curve
85
Key Variables amp Their Impact On Equities
Key VariablesShort -term
Medium ndashterm
Remarks
EconomyWhile Covid-19 impacts economy there is likely to be sequential improvement as Indian economy unlocks
Corporate EarningsWhile Covid-19 impacts corporate India there is likely to be sequential improvement as Indian economy unlocks
FII FlowIndia stands out among global asset classes with prospects of strong long term growth given favorable demographics
DII Flow Long runaway of growth in financialization of savings
Supply of paperHigher disinvestment target and repair of leveraged balance sheet to create supply in markets
PolicyReform Initiative Expect improved reform momentum
Signify Growth 86
Disclaimers amp Disclosures
87
The information contained in this (document) is extracted from different public sources All reasonable care has been taken to ensure that the information contained hereinis 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 KotakMahindra Asset Management Co Ltd or any associated companies or any employee thereofWe are not soliciting any action based on this material and is for generalinformation only Investors should consult their financial advisors if in doubt about whether the product is suitable for them before investing
These materials are not intended for distribution to or use by any person in any jurisdiction where such distribution would be contrary to local law or regulation Thedistribution of this document in certain jurisdictions may be restricted or totally prohibited and accordingly persons who come into possession of this document arerequired to inform themselves about and to observe any such restrictions
Mutual Fund investments are subject to market risks read all scheme related documents carefully
Disclaimers amp Risk Factors
88
Scheme Inception date is 26052008 Mr Deepak Agrawal has been managing the fund since 25112012 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Dynamic Bond Fund As on 26 Feb 2021
Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Banking amp PSU Debt Fund As on 26 Feb 2021
89
Dec 29 1998Kotak Banking and PSU
Debt Fund - GrowthCRISIL Banking and PSU
Debt Index ALPHA CRISIL 1 Year Tbill
Kotak Banking and PSU Debt Fund - Growth
CRISIL Banking and PSU Debt Index
CRISIL 1 Year TBill
Since Inception 753 NA NA 662 50043 NA 41450
Last 1 Year 744 632 112 547 10742 10630 10546
Last 3 Years 894 868 026 665 12926 12834 12127
Last 5 Years 846 854 -008 656 15006 15064 13739
May 26 2008Kotak Dynamic Bond
Fund - GrowthNIFTY Composite Debt
Index ALPHA CRISIL 1 Year TBill
Kotak Dynamic Bond Fund - Growth
NIFTY Composite Debt Index
CRISIL 1 Year TBill
Since Inception 860 846 014 648 28659 28180 22287
Last 1 Year 685 790 -105 547 10683 10788 10546
Last 3 Years 921 934 -013 665 13022 13068 12127
Last 5 Years 912 868 044 656 15470 15161 13739
Scheme Inception date is 06032008 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Low Duration Fund As on 26 Feb 2021
Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Fund As on 26 Feb 2021
90
Mar 06 2008Kotak Low Duration
Fund - GrowthNIFTY Low Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Low Duration Fund - Growth
NIFTY Low Duration Debt Index
CRISIL 1 Year TBill
Since Inception 769 827 -058 648 26178 28053 22605
Last 1 Year 669 594 075 547 10667 10592 10546
Last 3 Years 760 723 037 665 12455 12326 12127
Last 5 Years 774 735 039 656 14514 14256 13739
Nov 25 1999Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
ALPHA CRISIL 10 Year Gilt Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 878 NA NA NA 59893 NA NA
Last 1 Year 672 765 -093 493 10670 10763 10492
Last 3 Years 879 912 -033 894 12872 12990 12927
Last 5 Years 800 859 -058 734 14692 15093 14246
Scheme Inception date is 02052002 Mr Deepak Agrawal has been managing the fund since 11072007 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Short Term Fund on 26 Feb 2021
Scheme Inception date is 21092007 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Corporate Bond Fund on 26 Feb 2021
91
May 02 2002Kotak Bond Short Term
Fund - GrowthNIFTY Short Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Bond Short Term Fund - Growth
NIFTY Short Duration Debt Index
CRISIL 1 Year TBill
Since Inception 772 793 -021 607 40606 42094 30324
Last 1 Year 720 797 -077 547 10718 10794 10546
Last 3 Years 815 828 -013 665 12648 12692 12127
Last 5 Years 785 808 -024 656 14585 14746 13739
Sep 21 2007Kotak Corporate Bond
Fund - GrowthCRISIL Corporate Bond
Composite Index ALPHA CRISIL 1 Year TBill
Kotak Corporate Bond Fund - Growth
CRISIL Corporate Bond Composite Index
CRISIL 1 Year TBill
Since Inception 818 939 -120 645 28790 33407 23163
Last 1 Year 741 793 -052 547 10739 10791 10546
Last 3 Years 838 894 -057 665 12726 12927 12127
Last 5 Years 830 885 -055 656 14898 15277 13739
Scheme Inception date is 11052010 Mr Deepak Agrawal has been managing the fund since 12042010 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Credit Risk Fund As on 26 Feb 2021
Scheme Inception date is 21032014 Mr Deepak Agrawal has been managing the fund since 22062015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Medium Term Fund As on 26 Feb 2021
92
May 11 2010Kotak Credit Risk Fund -
GrowthNIFTY Credit Risk Bond
Index ALPHA CRISIL 1 Year TBill
Kotak Credit Risk Fund -Growth
NIFTY Credit Risk Bond Index
CRISIL 1 Year TBill
Since Inception 808 930 -121 671 23159 26128 20167
Last 1 Year 455 987 -532 547 10453 10984 10546
Last 3 Years 702 900 -198 665 12253 12946 12127
Last 5 Years 755 900 -145 656 14384 15380 13739
Mar 21 2014Kotak Medium Term
Fund - GrowthNIFTY Medium Duration
Debt Index ALPHA CRISIL 10 Year Gilt
Kotak Medium Term Fund - Growth
NIFTY Medium Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 812 900 -088 826 17192 18192 17350
Last 1 Year 456 873 -417 493 10455 10871 10492
Last 3 Years 650 902 -252 894 12078 12954 12927
Last 5 Years 730 863 -133 734 14218 15121 14246
Kotak Balanced Advantage Fund Performance as on 26 Feb 2021
Scheme Inception date is 03082018 Mr Harish Krishnan Mr Abhishek Bisen have been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the periodhave been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point(PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark Alpha is difference ofscheme return with benchmark return
Kotak Debt Hybrid Fund Performance as on 26 Feb 2021
Scheme Inception date is 02122003 Mr Abhishek Bisen has been managing the fund since 01042008 Mr Devender Singhal has been managing the fund since 25082015Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (CompoundedAnnualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of SchemeBenchmark Name of Additional BenchmarkThe performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark returnTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant(PRI)The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using compositeCAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return 93
Aug 03 2018Kotak Balanced
Advantage Fund -Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA Nifty 50 TRI
Kotak Balanced Advantage Fund -
Growth
NIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1092 1167 -075 1130 13052 13281 13166
Last 1 Year 1849 2142 -292 3137 11844 12135 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Dec 02 2003Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
ALPHA CRISIL 10 Year Gilt Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
CRISIL 10 Year Gilt
Since Inception 809 855 -045 582 38280 41141 26537
Last 1 Year 1502 1166 336 493 11497 11162 10492
Last 3 Years 923 1010 -086 894 13030 13341 12927
Last 5 Years 1046 1030 017 734 16443 16319 14246
Kotak Asset Allocator Fund as on 26 Feb 2021
Scheme Inception date is 09082004 Mr Devender Singhal amp Mr Arjun Khanna has been managing the fund since 09052019 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using composite CAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return
Scheme Inception date is 29121998 Mr Abhishek Bisen has been managing the fund since 15042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Gilt Fund As on 26 Feb 2021
94
Aug 09 2004Kotak Asset Allocator
Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA SampP BSE SENSEX TRI
Kotak Asset Allocator Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index SampP BSE SENSEX TRI
Since Inception 1578 1221 357 1579 113266 67426 113398
Last 1 Year 2928 2142 786 3000 12919 12135 12990
Last 3 Years 1462 1199 262 1422 15051 14043 14894
Last 5 Years 1464 1355 109 1789 19793 18868 22764
Dec 29 1998Kotak Gilt Fund -
GrowthNIFTY All Duration G-Sec
Index ALPHA CRISIL 10 Year Gilt
Kotak Gilt Fund -Growth
NIFTY All Duration G-Sec Index
CRISIL 10 Year Gilt
Since Inception 951 NA NA NA 74952 NA NA
Last 1 Year 768 641 128 493 10766 10639 10492
Last 3 Years 980 1001 -021 894 13234 13311 12927
Last 5 Years 892 848 044 734 15325 15020 14246
Kotak Pioneer Fund as on 26 Feb 2021
Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Different plans have different expense structure The performance details provided herein are of regular plan 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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
95
Oct 31 2019Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
ALPHA Nifty 50 TRI Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
Nifty 50 TRI
Since Inception 3678 2467 1211 1752 15149 13397 12386
Last 1 Year 5550 4230 1320 3137 15531 14216 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Feb 25 2008Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
ALPHA Nifty 50 TRI
Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
Nifty 50 TRI
Since Inception 719 133 586 951 24675 11876 32619
Last 1 Year 2940 3064 -124 3137 12931 13054 13127
Last 3 Years 405 243 162 1288 11265 10746 14378
Last 5 Years 1332 1089 243 1729 18676 16760 22189
Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 01022015
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Infrastructure amp Economic Reform Fund as on 26 Feb 2021
96
Feb 20 2018Kotak India Growth Fund -
Series IV - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series IV - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1462 1173 289 1328 15099 13979 14570
Last 1 Year 6667 3224 3443 3137 16644 13214 13127
Last 3 Years 1471 1135 335 1288 15087 13803 14378
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 20022018 Mr Devender Singhal has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak India Growth Fund Series IV as on 26 Feb 2021
Kotak India Growth Fund Series V as on 26 Feb 2021
May 15 2018Kotak India Growth Fund -
Series V - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series V - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1389 1146 243 1265 14372 13534 13939
Last 1 Year 4661 3224 1437 3137 14646 13214 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak Smallcap Fund Performance as on 26 Feb 2021
Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the TotalReturn variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
97
Kotak Smallcap Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1930000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 8187177 3266871 1617790 1001229 576604 190906
Scheme Returns () 1620 1905 1843 2067 3331 12808
NIFTY Smallcap 100 (TRI) Returns () 1048 1159 1036 1161 2174 12178
Alpha 572 746 808 905 1158 630
NIFTY Smallcap 100 (TRI) (Rs) 4794025 2190608 1213472 802393 493594 187746
Nifty 50 (TRI) (Rs)^ 5809863 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1256 1341 1364 1570 1947 6633
Scheme Inception - February 242005 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Feb 24 2005Kotak Smallcap Fund -
GrowthNIFTY Smallcap 100 TRI ALPHA Nifty 50 TRI
Kotak Smallcap Fund -Growth
NIFTY Smallcap 100 TRI Nifty 50 TRI
Since Inception 1648 1274 375 1440 115182 68229 86309
Last 1 Year 5224 4358 866 3137 15207 14344 13127
Last 3 Years 1309 -017 1326 1288 14460 9950 14378
Last 5 Years 2040 1419 622 1729 25291 19406 22189
Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) Performance as on 26 Feb 2021
98
Kotak Flexi Cap Fund (Previously known as Kotak Select Standard Multi Cap Fund)
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1380000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 3453492 2729977 1380165 856388 468086 156611
Scheme Returns () 1505 1571 1397 1426 1792 6240
Nifty 200 (TRI) Returns () 1288 1368 1351 1514 1931 6874
Alpha 218 204 045 -088 -139 -634
Nifty 200 (TRI) (Rs) 3011611 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 2974930 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1268 1341 1364 1570 1947 6633
Scheme Inception - September 11 2009 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 11 2009Kotak Flexi Cap Fund -
GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak Flexi Cap Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1391 1156 235 1140 44527 35062 34492
Last 1 Year 2497 3224 -727 3137 12489 13214 13127
Last 3 Years 1082 1135 -054 1288 13604 13803 14378
Last 5 Years 1738 1719 020 1729 22274 22089 22189
Kotak Emerging Equity Fund Performance As on 26 Feb 2021
Scheme Inception date is 30032007 Mr Pankaj Tibrewal has been managing the fund since 27052010 Different plans have different expense structure The performance detailsprovided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circulardated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha isdifference of scheme return with benchmark return
99
Kotak Emerging Equity Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1680000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 6176383 3334607 1562085 940171 526485 173627
Scheme Returns () 1705 1943 1745 1807 2647 9422
Nifty Midcap 100 (TRI) Returns () 1388 1480 1370 1440 2237 9753
Alpha 316 463 375 368 410 -332
Nifty Midcap 100 (TRI) (Rs) 4795200 2599125 1367070 859342 497885 175354
Nifty 50 (TRI) (Rs)^ 4226246 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1229 1341 1364 1570 1947 6633
Scheme Inception - March 30 2007 The returns are calculated by XIRR approach assuming investment of 10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Mar 30 2007Kotak Emerging Equity
Fund - GrowthNifty Midcap 100 TRI ALPHA Nifty 50 TRI
Kotak Emerging Equity Fund - Growth
Nifty Midcap 100 TRI Nifty 50 TRI
Since Inception 1320 1332 -012 1138 56228 57054 44823
Last 1 Year 3676 3998 -322 3137 13664 13985 13127
Last 3 Years 1207 679 528 1288 14070 12177 14378
Last 5 Years 1997 1624 372 1729 24836 21217 22189
Kotak Tax Saver Fund Performance as on 26 Feb 2021
Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
100
Kotak Tax Saver Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1840000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5208479 2557585 1384584 874589 483657 158907
Scheme Returns () 1251 1450 1406 1511 2027 6660
Nifty 500 (TRI) Returns () 1244 1387 1367 1525 1992 7206
Alpha 007 063 038 -014 035 -546
Nifty 500 (TRI) (Rs) 5177617 2472906 1365740 877640 481312 161867
Nifty 50 (TRI) (Rs)^ 5074950 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1221 1341 1364 1570 1947 6633
Scheme Inception - November 23 2005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initialand final value and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Nov 23 2005Kotak Tax Saver Fund -
GrowthNifty 500 TRI ALPHA Nifty 50 TRI
Kotak Tax Saver Fund -Growth
Nifty 500 TRI Nifty 50 TRI
Since Inception 1217 1303 -085 1328 57797 64882 67113
Last 1 Year 2685 3347 -662 3137 12677 13337 13127
Last 3 Years 1219 1086 133 1288 14116 13621 14378
Last 5 Years 1741 1731 010 1729 22304 22207 22189
Kotak Equity Opportunities Fund Performance as on 26 Feb 2021
Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012 Different plans have different expense structure The performance details provided hereinare of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRAMFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
101
Kotak Equity Opportunities Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1980000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 7635338 2664264 1403160 880871 486395 158045
Scheme Returns () 1478 1526 1443 1540 2067 6502
Nifty 200 (TRI) Returns () 1281 1368 1351 1514 1931 6874
Alpha 197 158 092 026 136 -373
Nifty 200 (TRI) (Rs) 6308482 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 6292270 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1279 1341 1364 1570 1947 6633
Scheme Inception - September 09 2004 The returns are calculated by XIRR approach assuming investment of Rs 10000- 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 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 TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 09 2004Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI ALPHA Nifty 50 TRI Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1831 1537 294 1555 159694 105534 108232
Last 1 Year 2771 3224 -453 3137 12762 13214 13127
Last 3 Years 1158 1135 023 1288 13887 13803 14378
Last 5 Years 1791 1719 072 1729 22776 22089 22189
Kotak Bluechip Fund Performance as on 26 Feb 2021
Since inception date of Kotak Bluechip Fund - Reg Growth is 4022003 Mr Harish Krishnan has been managing the fund since 01012014Different plans have different expense structure Theperformance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000-investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 theperformance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the schemebenchmark performance is calculated using composite CAGR of SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Since Inception date of KotakBluechip Fund- Dividend plan is 29121998 Alpha is difference of scheme return with benchmark return
102
Kotak Bluechip Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 2170000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 9909049 2429408 1342358 867738 482271 158190
Scheme Returns () 1497 1354 1319 1479 2006 6528
Nifty 50 (TRI) Returns () 1393 1341 1364 1570 1947 6633
Alpha 103 013 -045 -091 059 -105
Nifty 50 (TRI) (Rs) 8857197 2412890 1363994 887303 478297 158761
SampP BSE SENSEX (TRI) (Rs)^ 9110194 2472879 1393707 907359 481833 157647
SampP BSE SENSEX (TRI) Returns () 1419 1387 1424 1662 2000 6429
Scheme Inception - December 29 1998 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the scheme benchmark SIP Performance is calculated by taking SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Alpha is difference of scheme return with benchmark return
Feb 04 2003Kotak Bluechip Fund -
GrowthNifty 50 TRI ALPHA SampP BSE SENSEX TRI
Kotak Bluechip Fund -Growth
Nifty 50 TRI SampP BSE SENSEX TRI
Since Inception 1967 1722 246 1738 256865 176573 181028
Last 1 Year 3007 3137 -130 3000 12998 13127 12990
Last 3 Years 1181 1288 -107 1422 13975 14378 14894
Last 5 Years 1575 1729 -154 1789 20767 22189 22764
Kotak India EQ Contra Fund as on 26 Feb 2021
Jul 27 2005Kotak India EQ Contra
Fund - GrowthNifty 100 TRI ALPHA Nifty 50 TRI
Kotak India EQ Contra Fund - Growth
Nifty 100 TRI Nifty 50 TRI
Since Inception 1321 1408 -088 1388 69209 78041 75924
Last 1 Year 3123 3120 003 3137 13113 13110 13127
Last 3 Years 1293 1191 102 1288 14396 14010 14378
Last 5 Years 1830 1719 110 1729 23155 22098 22189
Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
103
Kotak India EQ Contra Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1880000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5753810 2581589 1412974 907013 487708 163570
Scheme Returns () 1309 1467 1463 1660 2087 7522
Nifty 100 (TRI) Returns () 1268 1363 1351 1519 1891 6526
Alpha 041 104 112 141 195 996
Nifty 100 (TRI) (Rs) 5543589 2441380 1357611 876201 474636 158175
Nifty 50 (TRI) (Rs)^ 5371562 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1233 1341 1364 1570 1947 6633
Scheme Inception - July 272005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initial and finalvalue and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Other Funds Managed by Mr Deepak Agarwal
Mr Deepak Agrawal manages 12 funds amp All FMPs of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan (Kotak Bond Short Term Fund (May 02 02) Kotak Dynamic Bond Fund (May 26 08) Kotak Money Market Fund (Nov 25 07) Kotak Liquid Fund (Nov 04 03) Kotak Banking and PSU Debt Fund (Dec 29 98) Kotak Savings Fund (Jul 11 07) Kotak Credit Risk Fund (May 11 10) Kotak Medium Term Fund (Mar 21 14) Kotak Low Duration Fund (Jan 31 15) Kotak Corporate Bond Fund (Sep 21 07) Kotak Overnight Fund (Jan 15 19) All Fixed Maturity Plans in existence (Aug 1315) Kotak Floating Fund (May 14 2019)
Kotak Floating Rate Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 14052019 Mr Deepak Agrawal has been managing the fund since 14052019Kotak Banking and PSU Debt Fund - Growth Name of the Benchmark - CRISIL Banking and PSU Debt Index Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008Kotak Savings Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 13082004 Mr Deepak Agrawal has been managing the fund since 01042008Kotak Liquid Fund - Growth Name of the Benchmark - NIFTY Liquid Index Scheme Inception date is 04112003 Mr Deepak Agrawal has been managing the fund since 01052007Kotak Overnight Fund - Growth Name of the Benchmark - NIFTY 1D Rate Index Scheme Inception date is 15012019 Mr Deepak Agrawal has been managing the fund since 15012019Kotak Money Market Fund - Growth Name of the Benchmark - NIFTY Money Market Index Scheme Inception date is 14072003 Mr Deepak Agrawal has been managing the fund since 01112006
104
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Floating Rate Fund - Growth 808 514 NA NA NA NA 772 610
Kotak Banking and PSU Debt Fund - Growth 744 632 894 868 846 854 753 NA
Kotak Savings Fund - Growth 524 514 684 696 705 716 760 797
Bottom 3
Kotak Money Market Fund - Growth 520 471 692 638 699 672 728 742
Kotak Liquid Fund - Growth 377 388 577 582 627 624 715 717
Kotak Overnight Fund - Growth 296 312 NA NA NA NA 429 443
Funds Managed by Mr Harsha Upadhyaya
Mr Harsha Upadhyaya manages 4 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Opportunities Fund (Sep 9 04) Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) (Sep 11 09) Kotak Tax Saver Fund (Nov 2305)
Funds Managed by Mr Pankaj Tibrewal
Mr Pankaj Tibrewal manages 3 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Small Cap Fund (Feb 2405) Kotak Emerging Equity Fund (Mar 3007) Kotak Equity Hybrid Fund (Nov 2599) Kotak Smallcap Fund - Growth Name of the Benchmark - NIFTY Smallcap 100 TRI Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010 Kotak Equity Hybrid Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008
105
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Equity Opportunities Fund - Growth 2771 3224 1158 1135 1791 1719 1831 1537
Kotak Tax Saver Fund - Growth 2685 3347 1219 1086 1741 1731 1217 1303
Kotak Flexi Cap Fund - Growth 2497 3224 1082 1135 1738 1719 1391 1156
Kotak ESG Opportunities Fund - Growth Kotak ESG Opportunities Fund has not yet completed 1 year from Inception the performance of the scheme is not disclosed
Kotak Equity Opportunities Fund - Growth (Erstwhile Kotak Opportunities) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012
Kotak Tax Saver Fund - Growth Name of the Benchmark - Nifty 500 TRI Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015
Kotak Flexi Cap Fund - Growth (Erstwhile Kotak Standard Multicap Fund) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Small Cap Fund - Growth 5224 4358 1309 -017 2040 1419 1648 1274
Kotak Emerging Equity Fund - Growth 3676 3998 1207 679 1997 1624 1320 1332
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Funds Managed by Mr Hiten Shah
Mr Hiten Shah manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Balanced Advantage Fund (Aug 03 18) Kotak Equity Savings Fund (Oct 13 2014) Kotak Equity Arbitrage Fund (Sep 29 05) Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Equity Arbitrage Fund - Growth Name of the Benchmark - Nifty 50 Arbitrage Index Scheme Inception date is 29092005 Mr Hiten Shah has been managing the fund since 03102019
Funds Managed by Ms Shibani Kurian
Ms Shibani Kurian manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak India EQ Contra Fund - Growth (July 27 05) Kotak India Growth Fund Series 7 (Aug 31 18) Kotak Focused Equity fund (Jul 16 19) Kotak India EQ Contra Fund - Growth (Erstwhile Classic Equity Fund) Name of the Benchmark - Nifty 100 TRI Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak India Growth Fund - Series 7 - Growth Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 31082018 Ms Shibani Kurian has been managing the fund since 09052019
106
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Balanced Advantage Fund - Growth 1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Kotak Equity Arbitrage Fund - Growth 354 186 539 454 577 484 713 NA
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak India EQ Contra Fund - Growth 3123 3120 1293 1191 1830 1719 1321 1408
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak India Growth Fund - Series 7 - Growth 2018 3137 NA NA NA NA 1042 1037
Other Funds Managed by Mr Harish Krishnan
Mr Harish Krishnan manages 7 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak BluechipFund (Feb 04 03) Kotak Infrastructure amp Economic Reform Fund (Feb 25 08) Kotak India Growth Fund Series 5 (May1518) Kotak Balanced Advantage Fund (Aug 0318) Kotak Equity Savings Fund (Oct 13 14) Kotak Focused Equity fund (Jul 16 19) Kotak Pioneer Fund (Oct 31 19
Kotak Pioneer Fund - Growth Name of the Benchmark - 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Kotak India Growth Fund Series 5- Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018Kotak Bluechip Fund - Growth (Erstwhile Kotak 50) Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 04022003 Mr Harish Krishnan has been managing the fund since 15112013Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Infrastructure and Economic Reform Fund - Growth Name of the Benchmark - India Infrastructure Index (Customised Index by IISL) Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 31012015
107
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Pioneer Fund - Growth 5550 4230 NA NA NA NA 3678 2467
Kotak India Growth Fund - Series 5 - Growth 4661 3224 NA NA NA NA 1389 1146
Kotak Bluechip Fund - Growth 3007 3137 1181 1288 1575 1729 1967 1722
Bottom 3
Kotak Infrastructure and Economic Reform Fund -Growth
2940 3064 405 243 1332 1089 719 133
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Other Funds Managed by Mr Abhishek Bisen
Mr Abhishek Bisen manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Hybrid Fund (Nov 05 2014) Kotak Debt Hybrid Fund (Dec 02 03) Kotak Bond Fund (Regular Plan) (Apr 15 08) Kotak Gilt Fund (Regular amp PF-Trust) (Dec 29 98) Kotak Equity Savings Fund (Oct 13 14) Kotak Gold ETF (Jul 27 07) Kotak Gold Fund (Mar 25 11) Kotak Balanced Advantage Fund (Aug 03 18)
Kotak Gold Fund - Growth Name of the Benchmark - Price of Gold Scheme Inception date is 25032011 Mr Abhishek Bisen has been managing the fund since 04032011Kotak Gold ETF Name of the Benchmark - Price of Gold Scheme Inception date is 27072007 Mr Abhishek Bisen has been managing the fund since 15042008 amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Equity Hybrid Fund - Growth (Erstwhile Kotak Balance) Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 and Kotak Equity Hybrid Fund - Regular plan scheme inception date is 3rd November 2014 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008Kotak Bond Fund - Growth Name of the Benchmark - NIFTY Medium to Long Duration Debt Index Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Balanced Advantage Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 5050 Index Scheme Inception date is 03082018 Mr Abhishek Bisen amp Mr Harish Krishnan has been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019
108
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Kotak Balanced Advantage Fund - Growth1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth1314 963 790 704 934 816 837 719
Bottom 3
Kotak Gold Fund - Growth 741 765 1445 1467 887 860 671 815
Kotak Gold ETF 710 765 1380 1467 764 860 1178 1290
Kotak Bond Fund - Growth 672 765 879 912 800 859 878 NA
Other Funds Managed by Mr Devender Singhal
Mr Devender Singhal manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak DebtHybrid Fund - Growth (Dec 02 03) Kotak India Growth Fund Series-4 (Feb 14 18) Kotak NV20 ETF (Dec 01 15) Kotak Banking ETF (Dec 10 14) Kotak Sensex ETF (Jun 06 08) Kotak Asset AllocatorFund (Aug 09 04) Kotak PSU Bank ETF (Nov 08 07) Kotak Nifty ETF (Feb 02 10)
Kotak India Growth Fund - Series 4 - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 14022018 Mr Devender Singhal has been managing the fund since 24012019Kotak NV20 ETF - Name of the Benchmark Nifty 50 Value 20 TRI Scheme Inception date is 01122015 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Sensex ETF Name of the Benchmark - SampP BSE SENSEX TRI Scheme Inception date is 06062008 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Nifty ETF Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 02022010 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Banking ETF Name of the Benchmark - Nifty Bank TRI Scheme Inception date is 10122014 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak PSU Bank ETF - Name of the Benchmark Nifty PSU Bank TRI Scheme Inception date is 08112007 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019
109
Scheme Name
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak India Growth Fund - Series 4 -Growth
6667 3224 1471 1135 NA NA 1462 1173
Kotak NV20 ETF 3937 4355 1526 1660 1902 2002 1643 1620
Kotak Nifty ETF 3078 3137 1261 1288 1647 1729 1044 1181
Bottom 3
Kotak Sensex ETF 2955 3000 1390 1422 1696 1789 982 1097
Kotak PSU Bank ETF 2203 2303 -876 -807 248 359 -163 -014
Kotak Banking ETF 1749 1948 1108 1183 2008 2068 1087 1132
Fund Type of Scheme
Kotak Equity Opportunities Fund Large amp Mid Cap Fund - An open ended equity scheme investing in both large cap and mid cap stocks
Kotak Small Cap Fund Small cap fund - An open-ended equity scheme predominantly investing in small cap stocks
Kotak Emerging Equity Fund Mid Cap Fund - An open ended equity scheme predominantly investing in mid cap stocks
Kotak Tax Saver Fund An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
Kotak Balanced Advantage Fund Open ended Dynamic Asset Allocation Fund
Kotak Pioneer Fund An open ended equity scheme investing in pioneering innovations theme
Kotak India EQ Contra Fund An open-ended equity scheme following contrarian investment strategy
Kotak Debt Hybrid Fund An open ended hybrid scheme investing predominantly in debt instruments
Kotak Bluechip Fund Large cap fund - An open-ended equity scheme predominantly investing in large cap stocks
Kotak Asset Allocator FundAn open ended fund of fund scheme investing in specified open-ended equity and debt Schemes of Kotak Mahindra
Mutual Fund
Kotak Equity Arbitrage Fund An open ended scheme investing in arbitrage opportunities
Kotak Equity Savings Fund An open ended scheme investing in equity arbitrage and debt
Kotak Flexicap Fund Flexicap Fund - An open ended dynamic equity scheme investing across large cap mid cap small cap stocks
Kotak Focused Equity Fund An open ended equity scheme investing in maximum 30 stocks in large-cap mid-cap and small-cap category
Kotak Floating Rate Fund An open ended debt scheme predominantly investing in floating rate instruments
Kotak Equity Hybrid Fund An open-ended hybrid scheme investing predominantly in equity and equity related instruments
Kotak International REIT FoFAn open ended fund of fund scheme investing in units of SMAM ASIA REIT Sub Trust fund andor other similar overseas
REIT funds
Kotak ESG Opportunities FundAn open ended equity scheme which follows the Environment Social and Governance (ESG) theme with flexibility of
investing across market capitalization 110
Fund Type of Scheme
Kotak Overnight Fund An open ended debt scheme investing in overnight securities
Kotak Gilt Fund An open ended debt scheme investing in government securities across maturity
Kotak Money Market Fund An open ended debt scheme investing in money market instruments
Kotak Savings Fund An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months
Kotak Bond Short Term Fund An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years
Kotak Corporate Bond Fund An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds
Kotak Credit Risk Fund An open ended debt scheme predominantly investing in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds)
Kotak Banking amp PSU Debt Fund An open ended debt scheme predominantly investing in Debt instruments of banks Public Sector Undertakings Public Financial Institutions and Municipal Bonds
Kotak Liquid Fund An open ended liquid scheme
Kotak Low Duration Fund An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months
Kotak Medium Term Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years
Kotak Dynamic Bond Fund An open ended dynamic debt scheme investing across duration
Kotak Bond Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years
Kotak India Growth Fund Series 5
Multicap Fund - A 1099 days close ended equity scheme investing across large cap midcap and small cap stocks
Kotak India Growth Fund Series 4
Multicap Fund - A 36 months close ended equity scheme investing across large cap midcap and small cap stocks
Kotak Infrastructure amp Economic Reform Fund
An open ended equity scheme following Infrastructure amp Economic Reform theme
111
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 112
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 113
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 114
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 115
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 116
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector biasKotak India Growth Series 4
Kotak India Growth Series 5bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector bias
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 117
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 118
Kotak Liquid Fund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Thank You
Stay Safe Stay Healthy and Stay Invested
119
Commodity Prices Are Rising But Not Yet To Dramatic Levels of 2007-08
11Source Refinitiv
lndian Economy
12
Headlines In Feb 21
13
Source Business Today
Source Bloomberg Quint
Updated on Feb 09 2021 0701 PM IST
Headlines In Feb 21
14
Source Business Standard
Source Bloomberg Quint
Company Registration Jumps 21 in April ndash Decrsquo20
15Source MCA
Sharp growth was due to the progression of smaller firms and LLPs towards forming companies as growth picked up along with improved facilitation through digital services
Indiarsquos Debt To GDP VS Major Economies
16Source Economic Survey 2020-21
Indiarsquos Public Debt To GDP Has Been Significantly Low Compared To Other Countries
Governmentrsquos Reform Momentum To Bolster Potential Growth
17Source Elara Securities
18
V Shaped Recovery
Source HIS Markit Bloomberg Index reading above 50 signals growth Score is generated on the three-month weighted averages of the indicators against the past thirty months of historical data
Domestic and overseas demand hold up for Indian companies
Nomura India Business Resumption Index Is Almost At Pre-Pandemic Levels
19
The resurgence of COVID-19 could represent a downside risk
Source Google Apple CMIE Bloomberg and Nomura Global Economics
PLI Schemes Can Add 16 To FY27 GDP amp Encourage Domestic Industry
Source RAVE Credit Suisseestimates 20
Real Estate Should Support Economic Recovery
Source The BLOOMBERG PROFESSIONALTM service Credit Suisse estimates
Mortgage rates have fallen to record lowsAffordability levels at all-time high
Source SBI HDFC Jefferies 21
Budget Aims For Ambitious Infra Spending In FY22
22
Budget has laid ambitious target for FY22 spending Infrastructure capex allocation for FY22 is steep execution key
Source Budget Elara Securities Research
Risk
23
Covid 19 Isnrsquot Yet Over
24Source Times of India
Upside Risks To Inflation Remain
25
Source CEIC UBS
RBI Survey Indicates Confidence Still Lagging
26Source RBI
Unemployment is Down but Income
27
CMIE Series of Unemployment unemployment rate (UER) (gt=15)
Unemployment Rate 30 day moving average ()
Unemployment Rate01 Mar 2021
Source CMIEcom
Equity Markets
28
Sare Jahan Se Acha Hindustan Hamara
Source Axis Capital29
-240
-168
-79
-72
-56
-26
-18
39
266(USD bn)
12 MONTHS FPI FLO W (Feb20 to Feb21)
India
Brazil
Indonesia
Philippines
Malaysia
South Africa
Thailand
Taiwan
South Korea
Source Bloomberg Axis Capital As on 28th February 2021 Past Performance may or may not sustain in the future
Performance Across Market Cap
Performance as on 28th Feb 2021 Sectoral Performance CY20 YTD ()
66
113 122
297
386 418
115
58
(12)
156 151 130
105 122
92
(10)
0
10
20
30
40
50
Nifty-50 Nifty Midcap 100 NSE SmallCap 100
1m returns 1y returns 3 yr CAGR 5 yr CAGR 10 yr CAGR
14
12
4
17
11 11 11 11
8
65
0
-1
-5
-8
Sma
llcap
10
0
Mid
cap
100
NIF
TY
50
Me
tals
Rea
lty
Ban
k
Ener
gy
Au
to
Pri
vate
Ban
ks
Fin
anci
als
Secv
ice
s
IT S
erv
ice
s
Me
dia
FMC
G
Ph
arm
a
30
Bumper Results for Dec 20 Quarter
31
Source MOSL Research
193 Cos Actual Expected
Sales 0 -2
EBITDA 19 15
PBT 33 20
PAT 31 17
NIFTY 50 Cos Actual Expected
Sales -1 -2
EBITDA 15 10
PBT 23 9
PAT 22 7
Significant Profit Pool Expansion Seen In PSU Banks Cement Auto And Auto Ancillary And Metals
32
Source ICICI Securities Internal Analysis Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
Profit Growth By Sectors
Nifty Earnings Are Expected To Accelerate Sharply Over Next Two Years
33Source NSE Company data IIFL Research Note Based on IIFL estimates
236 285 310 333
372 402 404 386
418 414
483 457 508
685
796
(41)
207
89 74
117
81
05
(45)
83
(10)
167
(54)
111
349
163
(10)
(5)
0
5
10
15
20
25
30
35
40
0
100
200
300
400
500
600
700
800
900
FY0
9
FY1
0
FY1
1
FY1
2
FY1
3
FY1
4
FY1
5
FY1
6
FY1
7
FY1
8
FY1
9
FY2
0
FY2
1ii
FY2
2ii
FY2
3ii
Rs (LHS) YoY (RHS)
Nifty EPS
Valuation Wise ndash Neutral Weight Momentum Wise - Overweight
Neutral weight doesnt mean selling equity It means profitbooking on excess position
34
Market Cap-to-GDP Ratio ndash Above Long Term Average
Market cap-to-GDP ratio Market rebound brings ratio above long term average
OW Equities =Ratio Below Historical Lows Neutral Equities = Ratio at Historical Average
Source Motilal Oswal 35
52
82 83
103
55
95
88
71
64 66
81
69
7983
79
56
104
FY05
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19
FY20
FY21
E
Average of 75 for the period
Valuations Are At The Higher End Of Fair Value
NIFTY PE (x) - 1 Year Forward NIFTY PB (x) - 1 Year Forward
Source Motilal Oswal36
207
8
13
18
23
28
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 179x
31
15
23
30
38
45
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 27x
37
Valuations Above Long Term Average
Source FactSet Kotak Institutional Equities Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
1 Year Forward Sector PE Current 10y Average Premium(discount)
Automobiles 232 158 469Energy 158 110 431Cement 303 219 387
Consumer Discretionary 590 425 387Technology 236 177 331Industrials 250 201 246
Pharmaceuticals 243 222 94Consumers 348 318 94
Metals 93 103 -94Utilities 80 110 -276
Consumer ex ITC 507 394 285Automobiles ex Tata Motors 228 185 231Energy ex Reliance Industries 80 90 -117
1 Year Forward Sector PB Current 10y Average Premium(discount)
Pvt banks 28 25 126PSU banks 10 11 -61
Earnings Are Increasing
38Source Bloomberg
QuarterReported PAT for NSE 500
Rs in CroreAnnualised PAT on Dec 20
Dec 19 122235
Mar 20 53406
June 20 32400
Sept 20 176786 707144
Dec 20 209795 839180
TTM 472387
Market Cap (280221) 18850128
PE Ratio 399 225
Highest Ever Quarterly Profit by India Inc
Valuations Are Not As Perceived
39
Company
PE
FY20Q1FY21
(Annualised)Q2FY21
(Annualised)Q3FY21 (Annualised) FY22E
Shree Cement 634 648 439 383 358
Ultra tech Cement 488 484 375 292 321
Mindtree 397 311 261 203 191
Asian Paints 814 2567 663 447 613
Persistent Systems 378 357 315 265 239
Hero Motocorp 190 2782 181 159 183
Bajaj Auto 223 537 249 182 202
Source Company data Kotak estimates Stocks mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of aninvestment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
The data for FY20 Q1Q2Q3 are actuals (annualised in the quarters) while FY22 is estimates
High Nifty Valuations Conceals the bargain opportunities in select Quality stocks
40Source ICICI Securities Internal Analysis
Adjusted PE Shows The True Valuation
Time To Be Neutral Weight To Equities
Marginally OW Small and Midcap
Marginally UW Large cap
Neutral Weight Equity
41
SIP has performed well
42
Patience Pays Off in SIPKotak Emerging Equity Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty Midcap 100 TRI is the benchmark for Kotak Emerging Equity FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund
43
Kotak Emerging Equity Fund Feb-19 Feb-20 Feb-21
10 Yr 1630 1567 1943
7 Yr 1636 1506 1745
5 yr 1024 889 1807
3 yr 324 526 2647
1 yr -984 1316 9422
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1239 991 1480
7 Yr 1212 867 1370
5 yr 736 317 1440
3 yr 079 -333 2237
1 yr -1572 -097 9753
Patience Pays Off in SIPKotak Tax Saver Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 500 TRI is the benchmark for Kotak Tax Saver FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculatingreturn on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting fromthe beginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer todisclaimer slides for scheme information and detailed performance of the fund
44
Kotak Tax Saver Fund Feb-19 Feb-20 Feb-21
10 Yr 1192 1159 1450
7 Yr 1227 1163 1406
5 yr 924 846 1511
3 yr 631 574 2027
1 yr -093 480 6660
Nifty 500 TRI Feb-19 Feb-20 Feb-21
10 Yr 1138 992 1387
7 Yr 1163 916 1367
5 yr 903 658 1525
3 yr 732 201 1992
1 yr -456 -397 7206
Patience Pays Off in SIPKotak Equity Opportunities Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021Returns are for regular plan Nifty 200 TRI is the benchmark for Kotak Equity Opportunities FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund 45
Kotak Equity Opportunities Fund Feb-19 Feb-20 Feb-21
10 Yr 1277 1242 1526
7 Yr 1281 1192 1443
5 yr 923 885 1540
3 yr 576 582 2067
1 yr -313 720 6502
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1140 992 1368
7 Yr 1165 915 1351
5 yr 931 686 1514
3 yr 822 256 1931
1 yr -274 -478 6874
46
Patience Pays Off in SIPKotak Bluechip Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 50 TRI is the benchmark for Kotak Bluechip FundDisclaimer SIP is an optional feature offered by Kotak Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mutual Past performance may or maynot be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating return on investmentsgiven an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from the beginning of thesubsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides forscheme information and detailed performance of the fund
Kotak Bluechip Fund Feb-19 Feb-20 Feb-21
10 Yr 1078 1016 1354
7 Yr 1064 940 1319
5 yr 758 678 1479
3 yr 539 435 2006
1 yr -282 108 6528
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1108 979 1341
7 Yr 1130 918 1364
5 yr 958 772 1570
3 yr 989 429 1947
1 yr 112 -515 6633
47
Equity Investment Opportunity
48
Kotak Pioneer Fund
India Basketbull Approx 80 of portfolio invested in 35 businesses
in India
bull Digital ecosystems
bull China + strategy for manufacturing
bull Consumer discretionary
bull Healthcare
bull Chemicals
bull Fintech
bull Materials
bull Investing in a global fund with a similar pioneering theme ndash CI SignatureTechnology Fund
bull Much more than FANGM (Facebook Amazon Netflix Google Microsoft)
bull FANGM investment less than 5 of CI Signature Technology Fund as on Jan2021
bull Investments in decentralized finance payments ecommercesemiconductor urban transport social media etc
bull The international diversification ndash hedge against the domestic businesscycle and potential of INR depreciation against the USD over the mediumterm
Companies that use technology through process for enduring competitive advantage
International Diversification
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
1 YearSince
Inception(31102019)
Kotak Pioneer Fund - Regular Plan 5550 3678
Benchmark 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI 4230 2467
Nifty 50 TRI 3137 1752
Less than equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
49
Kotak Small Cap Fund
bull Kotak Small Cap Fund Identifies the hidden growth potential of small cap sized companies
bull The essence is to spot them young and watch them grow
bull Kotak Small Cap Fund focus on investing in quality businesses with strong competitive edge run by great management generating high return on capital amp offering sustainable growth with high market potential and available at reasonable valuations
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Scheme Name 1 Year 3 Year 5 Year 7 Year 10 year
Kotak Small Cap Fund - Reg - Growth 5207 1309 2037 2233 1777
Nifty Smallcap 100 TRI 4344 -017 1412 1488 1045
Healthy growth in Revenue EBITDA and PAT in investee companies in the aftermath of COVID 19 ( Q3FY21)
Sales Growth YoY EBITDA Growth YoY PAT Growth YoY
Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21
Kotak Small Cap Fund -243 53 167 173 262 312 -163 311 338
Kotak Asset Allocator Fund ndash An Effective Asset Allocation Medium To Ride The Market
PeriodKotak Asset Allocator
Fund - GrowthNIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1578 1221 1722
Last 5 Year 1464 1355 1729
Last 3 Years 1462 1199 1288
Last 1 Years 2928 2142 3137
Past performance may or may not be sustained in the future Inception date is as of Aug 09 2004
Mutual Fund investments are subject to market risks read all scheme related documentscarefullySource ICRA As on 28th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Return Profile
bull Higher Flexibility of allocation (0-100 in Equities)bull Current equity allocation is 37
50
51
Debt Investors With Marginal Appetite For Equity Can Consider Investment In Kotak Debt Hybrid Fund
bull Fixed income component at ~75 amp above This keeps the volatility low amp relatively marginal level
bull Equity exposure at 25 or less allows the investor to obtain the flavor of equity play without significant risk to capital
bull SWP can be utilized to meet ldquotax efficientrdquo income requirements of the investor
Source ICRA As on 26th Feb 2021 Industry data is from AMFI and Kotak Debt Hybrid data is from CAMS Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Please consult your tax advisor for further details
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Benchmark Crisil Hybrid 85+15 ndash ConservativeIndex
Net Aum flows in Rs Crs over last 12 months()
As on 31st Jan 2021
885
-15540 -14655
Kotak Debt Hybrid Others Total
Time HorizonKotak Debt Hybrid
Fund Nifty 50 TRI Benchmark
1 Year 1502 3137 1166
2 Years 1329 1742 1206
3 Years 923 1288 1010
5 Years 1046 1729 1030
52
Shift Money To Alpha Generating Large Caps
7 Years 5 Years 3 Years 1 Year
Kotak Bluechip Fund ndash Direct Plan 1655 1694 1272 2655
Nifty 50 TRI 1423 1712 1254 2583
bull Kotak Bluechip Fund is flexible in its large cap themes rather than being rigid in different market scenarios
bull It continues to focus on businesses with favourable supply side dynamics
bull Also focuses on capital efficiency with a reasonable track-record of capitalizing on various opportunities
bull There are broadly 4 sub-themes that fund captures now namely Financial Savings Moving from Lockdown to Unlock Consumer Demand amp Global Business
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than 1 year Absolute returns Greater than 1 year Compound Annualized returnsPast performance may or may not be sustained in the future Direct Growth option Inception Date is 1st Jan 2013 (Regular Plan Dividend Option InceptionDate Dec 29 1998)
Should We Invest In Gold
53
Gold
bull We have highlighted risk of import duty being reduced to our gold call
bull The same has played out in this budget as import duty rationalised from 125 to 10 ( 75 Import Duty Plus Agriculture Cess )
bull If the import duty is reduced further to that extent there will be a drop in Rupee Gold prices instantly
bull Subject to that volatility we remain bullish Gold on a longer term basis
bull Gold has corrected in recent times for accumulation
Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before
acting on any information in this communication54
Active VS Passive Funds in Alpha Generation
55
56
Index Funds Underperforms Index
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documentscarefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance ampscheme information of the fund
Fund Category 1 Year 3 Year 5 Year
SampP BSE Sensex TRI 2990 1420 1790
Category Average 2866 1328 1684
Alpha-124 -092 -106
Fund Category 1 Year 3 Year 5 Year
Nifty 50 TRI3130 1290 1730
Category Average 3019 1193 1606
Alpha-111 -097 -124
Less than 1 year Absolute returns Greater than 1 year CAGR
Active Funds Can Give Alpha
bull Active funds canrsquot take more than 10instocks
bull Fund has to keep Cash to meetredemptions
bull Index changes stocks at the closing price with no impact cost
bull Globally Total Return Index is compared with funds gross return ie expenses are added back to performance In India TRI is compared with net return of the fund
bull In Insurance for eg they comparegross return with PRI In MF wecompare TRI with net return
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
57
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years()
Kotak Infrastructure amp Economic Reform Fund - Dir - Growth
3092 538 157 1841
India Infrastructure Index (Customised Index by IISL)
3064 243 1089 895
Alpha 028 295 481 946
Kotak Small Cap Fund - Dir - Growth 5427 1462 2281 2399
Nifty Smallcap 100 TRI 4344 -017 1512 1488
Alpha 1083 1479 769 911
Kotak Emerging Equity Fund - Dir - Growth 3842 1345 2235 2493
Nifty Midcap 100 TRI 3985 679 1739 1814
Alpha -143 666 496 679
Kotak Flexicap Fund - Dir - Growth 2614 1192 1969 1905
Nifty 200 TRI 3214 1135 1826 1498
Alpha -60 057 143 407
Kotak Equity Opportunities Fund - Dir -Growth
2915 1284 2035 1869
Nifty 200 TRI 3214 1135 1826 1498
Alpha -299 149 209 371
Kotak Tax Saver Fund - Dir - Growth 2841 1353 1996 1889
Nifty 500 TRI 3337 1086 1836 1539
Alpha -496 267 16 35
Less than 1 year Absolute returns Greater than 1 year CAGR
58
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years
Kotak India EQ Contra Fund - Dir - Growth 3288 1444 2107 1711
Nifty 100 TRI 311 1191 1826 1468
Alpha 178 253 281 243
Kotak Bluechip Fund - Dir - Growth 315 1307 1812 1644
Nifty 50 TRI 3127 1288 1837 1414
Alpha 023 019 -025 23
Kotak India Growth Fund - Series IV - Dir - Growth 6903 1602 - -
Nifty 200 TRI 3214 1135 - -
Alpha 3689 467 - -
Kotak Pioneer Fund - Dir - Growth 5808 - - -
85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI
423 - - -
Alpha 1578 - - -
Kotak India Growth Fund - Series V - Dir - Growth 4674 - - -
Nifty 200 TRI 3214 - - -
Alpha 146 - - -
Active Funds Can Give Alpha
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
Less than 1 year Absolute returns Greater than 1 year CAGR
Our Funds Have Bounced From The Bottom
Source MFI Explorer As on 26th February 2021 Past performance may or may not sustain in the future Please consult your financial advisor orother professionals before acting on any information in thiscommunication Please refer to the disclaimer slides for scheme information
59
554
791840 853 855 864 906
9551001
12281308
Kotak BalancedAdvantage
Fund
Kotak EquityHybrid Fund
Kotak FlexicapFund
Kotak Tax SaverFund
Kotak EquityOpportunities
Fund
Kotak FocusedEquity Fund
Kotak BluechipFund
Kotak India EQContra Fund
Kotak EmergingEquity Fund
Kotak PioneerFund
Kotak SmallCap Fund
change in NAV of our funds when Nifty 50 was ~7610 (From 23rd Mar 2020 till 26th Feb 2021)
Regular growth Plans performance
Debt Market Outlook
March 2021
60
61
Source Bloomberg
Liquidity is Here To StayMarket may have misread RBI Signal
-9000
-8000
-7000
-6000
-5000
-4000
-3000
-2000
-1000
0
1000
5
55
6
65
7
75
Jun
-19
Jul-
19
Au
g-1
9
Sep
-19
Oct
-19
No
v-1
9
Dec
-19
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
India 10-Year Bond Yield (LHS)
India Banking System Liquidity (RHS)
INR Bn
bull Overnight rates will remain anchored at Reverse Repo rates longer than what market is pricing in bull RBI aims to normalize CRR in the near-term The CRR normalisation opens up space for a variety of market operations to inject
additional liquidity which may induce curve flattening
62
Fear of Liquidity Withdrawal Spooked The Mid-To-Long End (~2-7years) of The Curve
bull Yield Curve is now pricing in more negatives ndash liquidity tightening rate hikes etc
bull Yields have moved up across the curve especially mid to long end of the yield curve
Source Bloomberg
3
4
5
6
7
8
3M 6M 1Y 2Y 3Y 4Y 5Y 6Y 7Y 8Y 10Y 11Y 12Y 13Y 14Y 15Y 23Y 30Y 40Y
India Sovereign Curve ()
01-Mar-21 31-Dec-20 30-Jun-20
Opportunity of value creation exists in the longer end of the curve
The current yield curve is too steep enhancing the case to chase the carry in fixed income as opposed to capital gains
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
FII Activity in Debt Market
Source Axis Capital
USD Mn
63
(1494)
381
(8680)
(1434)
(2695)
402
(534)(142)
471 520 191 1080
(740) (391)
(10500)
(9000)
(7500)
(6000)
(4500)
(3000)
(1500)
0
1500
3000
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
Source MOSPI ICRASource Bloomberg RBI Internal Research Morgan Stanley Research
406
530
00
10
20
30
40
50
60
70
80
Mar
-15
May
-15
Jul-
15
Sep
-15
No
v-1
5
Jan
-16
Mar
-16
May
-16
Jul-
16
Sep
-16
No
v-1
6
Jan
-17
Mar
-17
May
-17
Jul-
17
Sep
-17
No
v-1
7
Jan
-18
Mar
-18
May
-18
Jul-
18
Sep
-18
No
v-1
8
Jan
-19
Mar
-19
May
-19
Jul-
19
Sep
-19
No
v-1
9
Jan
-20
Mar
-20
May
-20
Jul-
20
Sep
-20
No
v-2
0
Jan
-21
CPI Core CPI
Headline Inflation To Remain Range-bound Though Marginally Above The 4 Mark In The Near Term
bull We expect a prolonged pause from the MPC in FY22 and an accommodative stance until late FY22 at least
CPI is still likely to be above the medium-term target of 4 for most of H1-FY22 further rate cuts appear unlikely unless the economic environment worsens significantly
64
65
RBI Remains Committed on OMOOperation Twist To Fund Govt Borrowing
FY 21 (RE) FY 22 (BE)
Gross Market Borrowing 1279788 1205708
Source indiabudgetgovin Internal Estimates BE is Budgetary estimates RE is revised Estimates
(in Rs Crores)
INR 75000 cr OMOOperation Twist already done post budget borrowing announcement
Source CNBC
SDL Spreads Close To Peak Levels Attractive in Terms of Valuation
10yr Central Govt Gilt Yields vs 10yr SDL Yields
Source RBI Jefferies66
Current Spreads Look Attractive For Long Term Investors
Source Bloomberg Citi Research
Spread between 10year Gilt and 1year Gilt Yield MPCrsquos Focus on Term Premia Is Likely To Prevent Imminent Sharp Rise In Bond Yields
Incremental Spreads in 10 Year provides a good cushion to shocks
67
211
0
50
100
150
200
250
300
Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21
Case For Carry Corporate Bond Spreads Show Attractive Valuation Opportunity
Source Bloomberg Jefferies
Corporate AAA Bond Yield ()
68
444
558
3
35
4
45
5
55
6
65
7
75
Mar
-hellip
Ap
r-2
0
May
-hellip
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
1 Year AAA Corporate Bond
3 Year AAA Corporate Bond
450
500
550
600
650
700
750
800
850
1Y 2Y 3Y 4Y 5Y 7Y 10Y
01-Mar-21 29-Jan-21 31-Dec-19
India Corporate Bond Curve
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
69
Market Is Pricing In More Negative News
NABARD Yield Incremental Yield
adjusted for holding period
Protection for Rise in 10 yrNabard (bps)
Breakeven level10 yr Nabard
A 1 yr 425 After 1 yr
10 yr 715 29 051 766
B 2 yr 505 After 2 yr
10 yr 715 21+21=42 084 799
C 3 yr 56 After 3 yr
10 yr 715 155+155+155=455 103 818
Assuming investment HTM in short bonds for respective holding periods Adjusted is incremental yield for 2 yrmultiplied by 2 and 3 yr by 3
Source Internal Analysis The above illustration is not an indication of our portfolio
Debt Outlook
70
bull Liquidity is here to stay much longer than what market is fearing
bull Overnight rates are expected to gradually trend higher as normalisation of rates take place over the course of next 1 year
bull Fear of Liquidity withdrawal has led to sharp spike in OIS- swap yields in 1 yr at 392 and 2 yr at 435 this effectively means forward curve is pricing in almost 3 rate hikes of 25 bp each in Repo rate for the seller of the 2 yr swap to break even In our opinion is too soon and more than what the fundamental situation can justify purely based on inflation outlook
bull Inspite of the recent spike in crude oil prices average headline inflation for FY 22 is in the band of 5-525
bull With comfort on inflation reduction in gold imports stable to appreciating INR (High Fx reserves)We believe RBI will maintain a status quo along with its accommodative stance as there is no big urgency to rush for rate hikes
bull RBI while not giving OMO calendar is actually done decent amount of OMO till now and remain committed for more As the System isflush with liquidity and FX flows coming RBI is constrained to conduct aggressive OMO and add liquidity As the CRR cut reversal announced earlier will take out about 16 lac cr worth liquidity will increase the ability of the RBI to conduct outright OMO vs OT which will be more positive the long bonds
bull For investors it is best to stick to intended investment horizons as volatility would continue to be order of the day
bull Duration investors with appetite for volatility can look to invest in the Gilt Bond and Dynamic Bond Funds space
bull Investors looking for relatively higher YTM can consider Floating rate Fund Medium-Term Fund and Credit Risk Fund segment
bull Investors should stay invested across fixed income strategies ndash as ldquocarryrdquo assumes significance over ldquocapital gainsrdquo
Debt Investment Opportunity
71
Debt Funds Have Generated Good Returns For The Patient Investors
Source MFi Explorer Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to disclaimer slides for detailed performance and scheme information of the funds 72
Fund Name 3 Year Returns of Fund () (CAGR)
Kotak Gilt Fund 980
Kotak Dynamic Bond Fund 921
Kotak Banking and PSU Debt Fund 894
Kotak Bond Fund 879
Kotak Corporate Bond Fund 838
Kotak Bond Short Term Fund 815
Kotak Credit Risk Fund 702
Kotak Medium Term Fund 650
73
Kotak Dynamic Bond Fund Has Outperformed Over Long-Term Since 2018
928
600
650
700
750
800
850
900
950
1000
1050
Feb
-18
Ap
r-1
8
May
-18
Jul-
18
Au
g-1
8
Sep
-18
No
v-1
8
Dec
-18
Jan
-19
Mar
-19
Ap
r-1
9
Jun
-19
Jul-
19
Au
g-1
9
Oct
-19
No
v-1
9
Jan
-20
Feb
-20
Mar
-20
May
-20
Jun
-20
Jul-
20
Sep
-20
Oct
-20
Dec
-20
Jan
-21
Feb
-21
Rolling Returns()
Kotak Dynamic Bond Fund - Reg - Growth NIFTY Composite Debt Index
915
Credit funds carry credit risk and duration dynamic funds carry interest rate risk
Hence our advice to IFA distributors is that they allocate clients money in both dynamic and accrual funds from a 3 year perspective
Source ICRA As on 26th February 2021 The above returns is daily rolling returns for last 36months Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please refer to the disclaimer slides for detailed performance of the fund
Kotak Medium Term Fund
Fund YTM (As on 26 Feb 2021) Respective Segment YieldsIncremental Earnings
(Spread)
Kotak Medium Term Fund 699 3 Year AA 574 125
Source Bloomberg Data as on 26-Feb-2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for performance details amp scheme information
Mutual fund investment are subject to market risks read all scheme related documents carefully
26-Feb-2021 Average Maturity (Years) Modified Duration (Years) Macaulay Duration (Years)
378 263 281
bull Duration of the fund has come down as we expect normalisation of rates to take place over the course of next 1 year We see merit in running lower duration in Medium Term Fund
bull We believe Kotak Medium Term fund is a reasonably attractive investment option for investors with minimum 1 year investment horizon
74
Attractive Yields Across The Segment
Source Bloomberg Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for scheme details
Mutual fund investment are subject to market risks read all scheme related documents carefully 75
458
699 699
389
638 638
0
1
2
3
4
5
6
7
8
Kotak Low Duration Fund Kotak Credit Risk Fund Kotak Medium Term Fund
YTM () (As on 26 Feb 21) Respective Segment Yields ()
1 Year OIS
3 Year AA
3 Year AA
Incremental Spread 069
Incremental Spread 061
Incremental Spread 061
Distributor Engagement
76
Prostart ndash Video Learning Platform
1FINANCIAL PLANNING (10 VIDEOS)
2SOCIAL MEDIA MARKETING (14 VIDEOS)
3UNDERSTANDING RISK IN MFrsquoS (5 VIDEOS)
4TAXATION IN MFrsquoS (2 VIDEOS)
5NEW NORMAL (1 VIDEOS)
6MAXIMIZING DIGITAL CONNECTIONS (2 VIDEOS)
7HANDLING INVESTOR EMOTIONS (4 VIDEOS)
8ACQUIRING NEW CLIENTS (3 VIDEOS)
9THE NEXT WAVE (3 VIDEOS)
77
Over 25000 Participants
have viewed these Videos (Till Feb 2021)
Testimonials
ldquoGood Initiative developed by Kotak MF to enhance knowledge amp practical approach for MFDsrdquo -Md Qaise Ghazali
ldquoVery Knowledgeable Thank You Kotak MF Teamrdquo ndashVikas Jain
10DEBT DEMYSTIFIED (12 VIDEOS)
78
Business Dashboard
Transaction History
Distributor Initiated Transaction
Capital Gain and Account Statement
Prostart
Business Hub
More than 13574 IFArsquos are actively using Business Hub
Dont miss out on the benefits of Business Hub
Co-branding Marketing Material
Business opportunities
Stay Updated Follow us at Kotak Mutual Fund Click here to visit our YouTube Channel
How To Boost Business Using Business Hub
Product Video ndash Now Available In Different Languages
Kotak Bluechip Fund
Debt Market Outlook ndash March 2021
Kotak NASDAQ-100 FOF
How to make money through equity asset allocation (English)
Equity Market Outlook ndash March 2021
HindiGujaratiMarathiTeluguKannadaTamilMalayalamBengali
English ndash Mr Arjun Khanna amp Ms Lakshmi Iyer amp Mr Harsha Upadhyaya
Hindi - Mr Arjun Khanna
79
80
Please Follow Like And Share Kotak Mutual Fundrsquos Official Social Media Pages For Regular Updates
Twitter - KotakMF - httpstwittercomKotakMF
Facebook - KotakMF - httpsfacebookcomKotakMF
YouTube - Kotak Mutual Fund - httpswwwyoutubecomcKotakMutualFundOfficial
Instagram - Kotak Mutual Fund - httpsinstagramcomkotakmfigshid=kr86qg3u973n
LinkedIn - Kotak Mutual Fund - httpswwwlinkedincomcompanykotak-mutual-fund
ANNEXURES
81
Kotak MF Mantra lsquoReturn of Capitalrsquo is more important
Strong Promoters Cashflow backed business Liquidity and Asset Security are key to our investment ideas
82
Rating amp Category Breakup Across Kotak MF Open-Ended Debt Funds
Data As on 26 Feb 2021
We follow our investment process of focussing on credit quality and liquidity profile of our debt funds and maintain high degree of transparency for investors
Please consult your financial advisor or other professionals before acting on any information in this communication
It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Mutual fund investments are subject to market risks read all scheme related documents carefully
Feb-21 April-20
Credit Rating of Open-Ended Debt Funds of Total AUM of Total AUM
TbillG-SecSDLAAAA1+Cash 9393 9281
AA+ 228 165
AA 248 290
AA- 087 142
Below AA- 043 122
Grand Total (AUM) (INR Cr) 11895880 78624
The above rating allocation does not include NCA (Net Current Assets)
83
bull At Kotak MF we have zero borrowing across all our funds as on 26 Feb 2021
Mutual fund investments are subject to market risks read all scheme related documents carefully
Liquidity Position Of Kotak MF Debt Funds As said earlier our incremental allocation has gone into higher quality assets
Name of the Fund Fund Category of AUM in AAA (Long Term) or
A1+ (Short Term) Sovereign Debt Cash amp NCA (Dec 2020)
of AUM in AAA (Long Term) or A1+ (Short Term) Sovereign Debt
Cash amp NCA (Apr 2020)
Non-Credit Strategies
Kotak Liquid Fund Liquid 100 100
Kotak Money Market Fund Money Market 100 100
Kotak Corporate Bond Fund Corporate Bond 100 100
Kotak Bond Short Term Fund Short Duration 100 100
Kotak Bond Fund Medium to Long Duration 96 86
Kotak Dynamic Bond Fund Dynamic Bond 92 85
Kotak Savings Fund Ultra Short Duration 91 87
Kotak Banking and PSU Debt Fund
Banking and PSU 88 79
Kotak Low Duration Fund Low Duration 85 52
Credit Strategies
Kotak Medium Term Fund Medium Duration 63 50
Kotak Credit Risk Fund Credit Risk 36 27
As on 26 Feb 2021It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Please refer to the disclaimer slides for scheme details
The above rating allocation includes NCA (Net Current Assets)
84
Key Variables amp Their Impact On Interest Rates
Key VariablesShort Term
(3-6mo)Medium Term
(6mo-2yrs)Remarks ndash( Denotes fall in Interest Rates )
InflationHeadline CPI is expected to be in the range of 4-5 for the year Despite expansion of the fiscal deficit the quality ofspending appears to be non inflationary Inflation is unlikely to be area of problem in the year
Rupee
INR has been quite strong since last 3m curtsey strong FDI and FPI flows in equity Lat 1 yr also its marginallydepreciated We have FX reserves closes to 600 bn and given CAD and TD under control INR is expected to remain wellbid We believe in the absence of any geo political event INR is expected to be stable and shall appreciate as economicgrowth stabilizes RBI is keeping INR competitive on REER basis
Credit DemandGradually economy is opening up and Credit growth is expected to pickup as unlocking activity resumes and gains momentum post vaccination in phases However situation is fragile and this may accentuate the situation further However easy rates may help some demand pickup Till then credit growth will not impact rates negatively
Government Borrowing
Union budget has shocked the market by giving 80 extra borrowing for the current year in dated securities Next year also borrowing is on heavier side However we believe the govt RBI may have some credible plan to conduct the borrowing smoothly As the budget is non inflationary and otherwise also inflation is under control there is no reason for govt to give so high real rates hence we believe the RBI will pull some demand leveres such as index inclusion or OMO Will have to wait for MPC
RBI PolicyRbi has shown commitment in the past and there is no reason for taking the rates higher hence we believe RBI is expected to come up with some credible plan If they leave it to the market then we are headed for a tough time
Global Event RiskThe News of a Vaccine has triggered a risk-on event and lead to a sharp rally in risk asset and bonds were sold offHowever yields will look for growth which may not come in a hurry On the other hand the risk of a geopolitical eventis always open
Corporate bond SpreadWhile some green shoots seen but on an over all basis the economy is still struggling Short term spreads have seendecent compression unlikely to compress further meaningfully Long terms bonds still offer attractive spreads but likelyjust a carry trade
Debt FII flowWe have seen some traction coming in near term with revival of flows from the FPI in debt However its seems real flows will only be seen with index inclusion
Liquidity
Despite very high liquidity more than 1 yr yield is moving higher as the fear is RBI will remove accommodation sooner than later However we believe large part of the move is done 2-10 yr curve
85
Key Variables amp Their Impact On Equities
Key VariablesShort -term
Medium ndashterm
Remarks
EconomyWhile Covid-19 impacts economy there is likely to be sequential improvement as Indian economy unlocks
Corporate EarningsWhile Covid-19 impacts corporate India there is likely to be sequential improvement as Indian economy unlocks
FII FlowIndia stands out among global asset classes with prospects of strong long term growth given favorable demographics
DII Flow Long runaway of growth in financialization of savings
Supply of paperHigher disinvestment target and repair of leveraged balance sheet to create supply in markets
PolicyReform Initiative Expect improved reform momentum
Signify Growth 86
Disclaimers amp Disclosures
87
The information contained in this (document) is extracted from different public sources All reasonable care has been taken to ensure that the information contained hereinis 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 KotakMahindra Asset Management Co Ltd or any associated companies or any employee thereofWe are not soliciting any action based on this material and is for generalinformation only Investors should consult their financial advisors if in doubt about whether the product is suitable for them before investing
These materials are not intended for distribution to or use by any person in any jurisdiction where such distribution would be contrary to local law or regulation Thedistribution of this document in certain jurisdictions may be restricted or totally prohibited and accordingly persons who come into possession of this document arerequired to inform themselves about and to observe any such restrictions
Mutual Fund investments are subject to market risks read all scheme related documents carefully
Disclaimers amp Risk Factors
88
Scheme Inception date is 26052008 Mr Deepak Agrawal has been managing the fund since 25112012 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Dynamic Bond Fund As on 26 Feb 2021
Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Banking amp PSU Debt Fund As on 26 Feb 2021
89
Dec 29 1998Kotak Banking and PSU
Debt Fund - GrowthCRISIL Banking and PSU
Debt Index ALPHA CRISIL 1 Year Tbill
Kotak Banking and PSU Debt Fund - Growth
CRISIL Banking and PSU Debt Index
CRISIL 1 Year TBill
Since Inception 753 NA NA 662 50043 NA 41450
Last 1 Year 744 632 112 547 10742 10630 10546
Last 3 Years 894 868 026 665 12926 12834 12127
Last 5 Years 846 854 -008 656 15006 15064 13739
May 26 2008Kotak Dynamic Bond
Fund - GrowthNIFTY Composite Debt
Index ALPHA CRISIL 1 Year TBill
Kotak Dynamic Bond Fund - Growth
NIFTY Composite Debt Index
CRISIL 1 Year TBill
Since Inception 860 846 014 648 28659 28180 22287
Last 1 Year 685 790 -105 547 10683 10788 10546
Last 3 Years 921 934 -013 665 13022 13068 12127
Last 5 Years 912 868 044 656 15470 15161 13739
Scheme Inception date is 06032008 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Low Duration Fund As on 26 Feb 2021
Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Fund As on 26 Feb 2021
90
Mar 06 2008Kotak Low Duration
Fund - GrowthNIFTY Low Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Low Duration Fund - Growth
NIFTY Low Duration Debt Index
CRISIL 1 Year TBill
Since Inception 769 827 -058 648 26178 28053 22605
Last 1 Year 669 594 075 547 10667 10592 10546
Last 3 Years 760 723 037 665 12455 12326 12127
Last 5 Years 774 735 039 656 14514 14256 13739
Nov 25 1999Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
ALPHA CRISIL 10 Year Gilt Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 878 NA NA NA 59893 NA NA
Last 1 Year 672 765 -093 493 10670 10763 10492
Last 3 Years 879 912 -033 894 12872 12990 12927
Last 5 Years 800 859 -058 734 14692 15093 14246
Scheme Inception date is 02052002 Mr Deepak Agrawal has been managing the fund since 11072007 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Short Term Fund on 26 Feb 2021
Scheme Inception date is 21092007 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Corporate Bond Fund on 26 Feb 2021
91
May 02 2002Kotak Bond Short Term
Fund - GrowthNIFTY Short Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Bond Short Term Fund - Growth
NIFTY Short Duration Debt Index
CRISIL 1 Year TBill
Since Inception 772 793 -021 607 40606 42094 30324
Last 1 Year 720 797 -077 547 10718 10794 10546
Last 3 Years 815 828 -013 665 12648 12692 12127
Last 5 Years 785 808 -024 656 14585 14746 13739
Sep 21 2007Kotak Corporate Bond
Fund - GrowthCRISIL Corporate Bond
Composite Index ALPHA CRISIL 1 Year TBill
Kotak Corporate Bond Fund - Growth
CRISIL Corporate Bond Composite Index
CRISIL 1 Year TBill
Since Inception 818 939 -120 645 28790 33407 23163
Last 1 Year 741 793 -052 547 10739 10791 10546
Last 3 Years 838 894 -057 665 12726 12927 12127
Last 5 Years 830 885 -055 656 14898 15277 13739
Scheme Inception date is 11052010 Mr Deepak Agrawal has been managing the fund since 12042010 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Credit Risk Fund As on 26 Feb 2021
Scheme Inception date is 21032014 Mr Deepak Agrawal has been managing the fund since 22062015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Medium Term Fund As on 26 Feb 2021
92
May 11 2010Kotak Credit Risk Fund -
GrowthNIFTY Credit Risk Bond
Index ALPHA CRISIL 1 Year TBill
Kotak Credit Risk Fund -Growth
NIFTY Credit Risk Bond Index
CRISIL 1 Year TBill
Since Inception 808 930 -121 671 23159 26128 20167
Last 1 Year 455 987 -532 547 10453 10984 10546
Last 3 Years 702 900 -198 665 12253 12946 12127
Last 5 Years 755 900 -145 656 14384 15380 13739
Mar 21 2014Kotak Medium Term
Fund - GrowthNIFTY Medium Duration
Debt Index ALPHA CRISIL 10 Year Gilt
Kotak Medium Term Fund - Growth
NIFTY Medium Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 812 900 -088 826 17192 18192 17350
Last 1 Year 456 873 -417 493 10455 10871 10492
Last 3 Years 650 902 -252 894 12078 12954 12927
Last 5 Years 730 863 -133 734 14218 15121 14246
Kotak Balanced Advantage Fund Performance as on 26 Feb 2021
Scheme Inception date is 03082018 Mr Harish Krishnan Mr Abhishek Bisen have been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the periodhave been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point(PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark Alpha is difference ofscheme return with benchmark return
Kotak Debt Hybrid Fund Performance as on 26 Feb 2021
Scheme Inception date is 02122003 Mr Abhishek Bisen has been managing the fund since 01042008 Mr Devender Singhal has been managing the fund since 25082015Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (CompoundedAnnualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of SchemeBenchmark Name of Additional BenchmarkThe performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark returnTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant(PRI)The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using compositeCAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return 93
Aug 03 2018Kotak Balanced
Advantage Fund -Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA Nifty 50 TRI
Kotak Balanced Advantage Fund -
Growth
NIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1092 1167 -075 1130 13052 13281 13166
Last 1 Year 1849 2142 -292 3137 11844 12135 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Dec 02 2003Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
ALPHA CRISIL 10 Year Gilt Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
CRISIL 10 Year Gilt
Since Inception 809 855 -045 582 38280 41141 26537
Last 1 Year 1502 1166 336 493 11497 11162 10492
Last 3 Years 923 1010 -086 894 13030 13341 12927
Last 5 Years 1046 1030 017 734 16443 16319 14246
Kotak Asset Allocator Fund as on 26 Feb 2021
Scheme Inception date is 09082004 Mr Devender Singhal amp Mr Arjun Khanna has been managing the fund since 09052019 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using composite CAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return
Scheme Inception date is 29121998 Mr Abhishek Bisen has been managing the fund since 15042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Gilt Fund As on 26 Feb 2021
94
Aug 09 2004Kotak Asset Allocator
Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA SampP BSE SENSEX TRI
Kotak Asset Allocator Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index SampP BSE SENSEX TRI
Since Inception 1578 1221 357 1579 113266 67426 113398
Last 1 Year 2928 2142 786 3000 12919 12135 12990
Last 3 Years 1462 1199 262 1422 15051 14043 14894
Last 5 Years 1464 1355 109 1789 19793 18868 22764
Dec 29 1998Kotak Gilt Fund -
GrowthNIFTY All Duration G-Sec
Index ALPHA CRISIL 10 Year Gilt
Kotak Gilt Fund -Growth
NIFTY All Duration G-Sec Index
CRISIL 10 Year Gilt
Since Inception 951 NA NA NA 74952 NA NA
Last 1 Year 768 641 128 493 10766 10639 10492
Last 3 Years 980 1001 -021 894 13234 13311 12927
Last 5 Years 892 848 044 734 15325 15020 14246
Kotak Pioneer Fund as on 26 Feb 2021
Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Different plans have different expense structure The performance details provided herein are of regular plan 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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
95
Oct 31 2019Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
ALPHA Nifty 50 TRI Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
Nifty 50 TRI
Since Inception 3678 2467 1211 1752 15149 13397 12386
Last 1 Year 5550 4230 1320 3137 15531 14216 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Feb 25 2008Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
ALPHA Nifty 50 TRI
Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
Nifty 50 TRI
Since Inception 719 133 586 951 24675 11876 32619
Last 1 Year 2940 3064 -124 3137 12931 13054 13127
Last 3 Years 405 243 162 1288 11265 10746 14378
Last 5 Years 1332 1089 243 1729 18676 16760 22189
Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 01022015
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Infrastructure amp Economic Reform Fund as on 26 Feb 2021
96
Feb 20 2018Kotak India Growth Fund -
Series IV - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series IV - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1462 1173 289 1328 15099 13979 14570
Last 1 Year 6667 3224 3443 3137 16644 13214 13127
Last 3 Years 1471 1135 335 1288 15087 13803 14378
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 20022018 Mr Devender Singhal has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak India Growth Fund Series IV as on 26 Feb 2021
Kotak India Growth Fund Series V as on 26 Feb 2021
May 15 2018Kotak India Growth Fund -
Series V - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series V - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1389 1146 243 1265 14372 13534 13939
Last 1 Year 4661 3224 1437 3137 14646 13214 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak Smallcap Fund Performance as on 26 Feb 2021
Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the TotalReturn variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
97
Kotak Smallcap Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1930000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 8187177 3266871 1617790 1001229 576604 190906
Scheme Returns () 1620 1905 1843 2067 3331 12808
NIFTY Smallcap 100 (TRI) Returns () 1048 1159 1036 1161 2174 12178
Alpha 572 746 808 905 1158 630
NIFTY Smallcap 100 (TRI) (Rs) 4794025 2190608 1213472 802393 493594 187746
Nifty 50 (TRI) (Rs)^ 5809863 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1256 1341 1364 1570 1947 6633
Scheme Inception - February 242005 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Feb 24 2005Kotak Smallcap Fund -
GrowthNIFTY Smallcap 100 TRI ALPHA Nifty 50 TRI
Kotak Smallcap Fund -Growth
NIFTY Smallcap 100 TRI Nifty 50 TRI
Since Inception 1648 1274 375 1440 115182 68229 86309
Last 1 Year 5224 4358 866 3137 15207 14344 13127
Last 3 Years 1309 -017 1326 1288 14460 9950 14378
Last 5 Years 2040 1419 622 1729 25291 19406 22189
Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) Performance as on 26 Feb 2021
98
Kotak Flexi Cap Fund (Previously known as Kotak Select Standard Multi Cap Fund)
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1380000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 3453492 2729977 1380165 856388 468086 156611
Scheme Returns () 1505 1571 1397 1426 1792 6240
Nifty 200 (TRI) Returns () 1288 1368 1351 1514 1931 6874
Alpha 218 204 045 -088 -139 -634
Nifty 200 (TRI) (Rs) 3011611 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 2974930 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1268 1341 1364 1570 1947 6633
Scheme Inception - September 11 2009 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 11 2009Kotak Flexi Cap Fund -
GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak Flexi Cap Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1391 1156 235 1140 44527 35062 34492
Last 1 Year 2497 3224 -727 3137 12489 13214 13127
Last 3 Years 1082 1135 -054 1288 13604 13803 14378
Last 5 Years 1738 1719 020 1729 22274 22089 22189
Kotak Emerging Equity Fund Performance As on 26 Feb 2021
Scheme Inception date is 30032007 Mr Pankaj Tibrewal has been managing the fund since 27052010 Different plans have different expense structure The performance detailsprovided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circulardated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha isdifference of scheme return with benchmark return
99
Kotak Emerging Equity Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1680000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 6176383 3334607 1562085 940171 526485 173627
Scheme Returns () 1705 1943 1745 1807 2647 9422
Nifty Midcap 100 (TRI) Returns () 1388 1480 1370 1440 2237 9753
Alpha 316 463 375 368 410 -332
Nifty Midcap 100 (TRI) (Rs) 4795200 2599125 1367070 859342 497885 175354
Nifty 50 (TRI) (Rs)^ 4226246 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1229 1341 1364 1570 1947 6633
Scheme Inception - March 30 2007 The returns are calculated by XIRR approach assuming investment of 10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Mar 30 2007Kotak Emerging Equity
Fund - GrowthNifty Midcap 100 TRI ALPHA Nifty 50 TRI
Kotak Emerging Equity Fund - Growth
Nifty Midcap 100 TRI Nifty 50 TRI
Since Inception 1320 1332 -012 1138 56228 57054 44823
Last 1 Year 3676 3998 -322 3137 13664 13985 13127
Last 3 Years 1207 679 528 1288 14070 12177 14378
Last 5 Years 1997 1624 372 1729 24836 21217 22189
Kotak Tax Saver Fund Performance as on 26 Feb 2021
Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
100
Kotak Tax Saver Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1840000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5208479 2557585 1384584 874589 483657 158907
Scheme Returns () 1251 1450 1406 1511 2027 6660
Nifty 500 (TRI) Returns () 1244 1387 1367 1525 1992 7206
Alpha 007 063 038 -014 035 -546
Nifty 500 (TRI) (Rs) 5177617 2472906 1365740 877640 481312 161867
Nifty 50 (TRI) (Rs)^ 5074950 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1221 1341 1364 1570 1947 6633
Scheme Inception - November 23 2005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initialand final value and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Nov 23 2005Kotak Tax Saver Fund -
GrowthNifty 500 TRI ALPHA Nifty 50 TRI
Kotak Tax Saver Fund -Growth
Nifty 500 TRI Nifty 50 TRI
Since Inception 1217 1303 -085 1328 57797 64882 67113
Last 1 Year 2685 3347 -662 3137 12677 13337 13127
Last 3 Years 1219 1086 133 1288 14116 13621 14378
Last 5 Years 1741 1731 010 1729 22304 22207 22189
Kotak Equity Opportunities Fund Performance as on 26 Feb 2021
Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012 Different plans have different expense structure The performance details provided hereinare of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRAMFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
101
Kotak Equity Opportunities Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1980000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 7635338 2664264 1403160 880871 486395 158045
Scheme Returns () 1478 1526 1443 1540 2067 6502
Nifty 200 (TRI) Returns () 1281 1368 1351 1514 1931 6874
Alpha 197 158 092 026 136 -373
Nifty 200 (TRI) (Rs) 6308482 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 6292270 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1279 1341 1364 1570 1947 6633
Scheme Inception - September 09 2004 The returns are calculated by XIRR approach assuming investment of Rs 10000- 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 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 TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 09 2004Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI ALPHA Nifty 50 TRI Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1831 1537 294 1555 159694 105534 108232
Last 1 Year 2771 3224 -453 3137 12762 13214 13127
Last 3 Years 1158 1135 023 1288 13887 13803 14378
Last 5 Years 1791 1719 072 1729 22776 22089 22189
Kotak Bluechip Fund Performance as on 26 Feb 2021
Since inception date of Kotak Bluechip Fund - Reg Growth is 4022003 Mr Harish Krishnan has been managing the fund since 01012014Different plans have different expense structure Theperformance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000-investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 theperformance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the schemebenchmark performance is calculated using composite CAGR of SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Since Inception date of KotakBluechip Fund- Dividend plan is 29121998 Alpha is difference of scheme return with benchmark return
102
Kotak Bluechip Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 2170000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 9909049 2429408 1342358 867738 482271 158190
Scheme Returns () 1497 1354 1319 1479 2006 6528
Nifty 50 (TRI) Returns () 1393 1341 1364 1570 1947 6633
Alpha 103 013 -045 -091 059 -105
Nifty 50 (TRI) (Rs) 8857197 2412890 1363994 887303 478297 158761
SampP BSE SENSEX (TRI) (Rs)^ 9110194 2472879 1393707 907359 481833 157647
SampP BSE SENSEX (TRI) Returns () 1419 1387 1424 1662 2000 6429
Scheme Inception - December 29 1998 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the scheme benchmark SIP Performance is calculated by taking SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Alpha is difference of scheme return with benchmark return
Feb 04 2003Kotak Bluechip Fund -
GrowthNifty 50 TRI ALPHA SampP BSE SENSEX TRI
Kotak Bluechip Fund -Growth
Nifty 50 TRI SampP BSE SENSEX TRI
Since Inception 1967 1722 246 1738 256865 176573 181028
Last 1 Year 3007 3137 -130 3000 12998 13127 12990
Last 3 Years 1181 1288 -107 1422 13975 14378 14894
Last 5 Years 1575 1729 -154 1789 20767 22189 22764
Kotak India EQ Contra Fund as on 26 Feb 2021
Jul 27 2005Kotak India EQ Contra
Fund - GrowthNifty 100 TRI ALPHA Nifty 50 TRI
Kotak India EQ Contra Fund - Growth
Nifty 100 TRI Nifty 50 TRI
Since Inception 1321 1408 -088 1388 69209 78041 75924
Last 1 Year 3123 3120 003 3137 13113 13110 13127
Last 3 Years 1293 1191 102 1288 14396 14010 14378
Last 5 Years 1830 1719 110 1729 23155 22098 22189
Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
103
Kotak India EQ Contra Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1880000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5753810 2581589 1412974 907013 487708 163570
Scheme Returns () 1309 1467 1463 1660 2087 7522
Nifty 100 (TRI) Returns () 1268 1363 1351 1519 1891 6526
Alpha 041 104 112 141 195 996
Nifty 100 (TRI) (Rs) 5543589 2441380 1357611 876201 474636 158175
Nifty 50 (TRI) (Rs)^ 5371562 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1233 1341 1364 1570 1947 6633
Scheme Inception - July 272005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initial and finalvalue and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Other Funds Managed by Mr Deepak Agarwal
Mr Deepak Agrawal manages 12 funds amp All FMPs of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan (Kotak Bond Short Term Fund (May 02 02) Kotak Dynamic Bond Fund (May 26 08) Kotak Money Market Fund (Nov 25 07) Kotak Liquid Fund (Nov 04 03) Kotak Banking and PSU Debt Fund (Dec 29 98) Kotak Savings Fund (Jul 11 07) Kotak Credit Risk Fund (May 11 10) Kotak Medium Term Fund (Mar 21 14) Kotak Low Duration Fund (Jan 31 15) Kotak Corporate Bond Fund (Sep 21 07) Kotak Overnight Fund (Jan 15 19) All Fixed Maturity Plans in existence (Aug 1315) Kotak Floating Fund (May 14 2019)
Kotak Floating Rate Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 14052019 Mr Deepak Agrawal has been managing the fund since 14052019Kotak Banking and PSU Debt Fund - Growth Name of the Benchmark - CRISIL Banking and PSU Debt Index Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008Kotak Savings Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 13082004 Mr Deepak Agrawal has been managing the fund since 01042008Kotak Liquid Fund - Growth Name of the Benchmark - NIFTY Liquid Index Scheme Inception date is 04112003 Mr Deepak Agrawal has been managing the fund since 01052007Kotak Overnight Fund - Growth Name of the Benchmark - NIFTY 1D Rate Index Scheme Inception date is 15012019 Mr Deepak Agrawal has been managing the fund since 15012019Kotak Money Market Fund - Growth Name of the Benchmark - NIFTY Money Market Index Scheme Inception date is 14072003 Mr Deepak Agrawal has been managing the fund since 01112006
104
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Floating Rate Fund - Growth 808 514 NA NA NA NA 772 610
Kotak Banking and PSU Debt Fund - Growth 744 632 894 868 846 854 753 NA
Kotak Savings Fund - Growth 524 514 684 696 705 716 760 797
Bottom 3
Kotak Money Market Fund - Growth 520 471 692 638 699 672 728 742
Kotak Liquid Fund - Growth 377 388 577 582 627 624 715 717
Kotak Overnight Fund - Growth 296 312 NA NA NA NA 429 443
Funds Managed by Mr Harsha Upadhyaya
Mr Harsha Upadhyaya manages 4 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Opportunities Fund (Sep 9 04) Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) (Sep 11 09) Kotak Tax Saver Fund (Nov 2305)
Funds Managed by Mr Pankaj Tibrewal
Mr Pankaj Tibrewal manages 3 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Small Cap Fund (Feb 2405) Kotak Emerging Equity Fund (Mar 3007) Kotak Equity Hybrid Fund (Nov 2599) Kotak Smallcap Fund - Growth Name of the Benchmark - NIFTY Smallcap 100 TRI Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010 Kotak Equity Hybrid Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008
105
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Equity Opportunities Fund - Growth 2771 3224 1158 1135 1791 1719 1831 1537
Kotak Tax Saver Fund - Growth 2685 3347 1219 1086 1741 1731 1217 1303
Kotak Flexi Cap Fund - Growth 2497 3224 1082 1135 1738 1719 1391 1156
Kotak ESG Opportunities Fund - Growth Kotak ESG Opportunities Fund has not yet completed 1 year from Inception the performance of the scheme is not disclosed
Kotak Equity Opportunities Fund - Growth (Erstwhile Kotak Opportunities) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012
Kotak Tax Saver Fund - Growth Name of the Benchmark - Nifty 500 TRI Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015
Kotak Flexi Cap Fund - Growth (Erstwhile Kotak Standard Multicap Fund) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Small Cap Fund - Growth 5224 4358 1309 -017 2040 1419 1648 1274
Kotak Emerging Equity Fund - Growth 3676 3998 1207 679 1997 1624 1320 1332
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Funds Managed by Mr Hiten Shah
Mr Hiten Shah manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Balanced Advantage Fund (Aug 03 18) Kotak Equity Savings Fund (Oct 13 2014) Kotak Equity Arbitrage Fund (Sep 29 05) Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Equity Arbitrage Fund - Growth Name of the Benchmark - Nifty 50 Arbitrage Index Scheme Inception date is 29092005 Mr Hiten Shah has been managing the fund since 03102019
Funds Managed by Ms Shibani Kurian
Ms Shibani Kurian manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak India EQ Contra Fund - Growth (July 27 05) Kotak India Growth Fund Series 7 (Aug 31 18) Kotak Focused Equity fund (Jul 16 19) Kotak India EQ Contra Fund - Growth (Erstwhile Classic Equity Fund) Name of the Benchmark - Nifty 100 TRI Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak India Growth Fund - Series 7 - Growth Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 31082018 Ms Shibani Kurian has been managing the fund since 09052019
106
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Balanced Advantage Fund - Growth 1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Kotak Equity Arbitrage Fund - Growth 354 186 539 454 577 484 713 NA
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak India EQ Contra Fund - Growth 3123 3120 1293 1191 1830 1719 1321 1408
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak India Growth Fund - Series 7 - Growth 2018 3137 NA NA NA NA 1042 1037
Other Funds Managed by Mr Harish Krishnan
Mr Harish Krishnan manages 7 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak BluechipFund (Feb 04 03) Kotak Infrastructure amp Economic Reform Fund (Feb 25 08) Kotak India Growth Fund Series 5 (May1518) Kotak Balanced Advantage Fund (Aug 0318) Kotak Equity Savings Fund (Oct 13 14) Kotak Focused Equity fund (Jul 16 19) Kotak Pioneer Fund (Oct 31 19
Kotak Pioneer Fund - Growth Name of the Benchmark - 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Kotak India Growth Fund Series 5- Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018Kotak Bluechip Fund - Growth (Erstwhile Kotak 50) Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 04022003 Mr Harish Krishnan has been managing the fund since 15112013Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Infrastructure and Economic Reform Fund - Growth Name of the Benchmark - India Infrastructure Index (Customised Index by IISL) Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 31012015
107
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Pioneer Fund - Growth 5550 4230 NA NA NA NA 3678 2467
Kotak India Growth Fund - Series 5 - Growth 4661 3224 NA NA NA NA 1389 1146
Kotak Bluechip Fund - Growth 3007 3137 1181 1288 1575 1729 1967 1722
Bottom 3
Kotak Infrastructure and Economic Reform Fund -Growth
2940 3064 405 243 1332 1089 719 133
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Other Funds Managed by Mr Abhishek Bisen
Mr Abhishek Bisen manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Hybrid Fund (Nov 05 2014) Kotak Debt Hybrid Fund (Dec 02 03) Kotak Bond Fund (Regular Plan) (Apr 15 08) Kotak Gilt Fund (Regular amp PF-Trust) (Dec 29 98) Kotak Equity Savings Fund (Oct 13 14) Kotak Gold ETF (Jul 27 07) Kotak Gold Fund (Mar 25 11) Kotak Balanced Advantage Fund (Aug 03 18)
Kotak Gold Fund - Growth Name of the Benchmark - Price of Gold Scheme Inception date is 25032011 Mr Abhishek Bisen has been managing the fund since 04032011Kotak Gold ETF Name of the Benchmark - Price of Gold Scheme Inception date is 27072007 Mr Abhishek Bisen has been managing the fund since 15042008 amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Equity Hybrid Fund - Growth (Erstwhile Kotak Balance) Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 and Kotak Equity Hybrid Fund - Regular plan scheme inception date is 3rd November 2014 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008Kotak Bond Fund - Growth Name of the Benchmark - NIFTY Medium to Long Duration Debt Index Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Balanced Advantage Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 5050 Index Scheme Inception date is 03082018 Mr Abhishek Bisen amp Mr Harish Krishnan has been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019
108
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Kotak Balanced Advantage Fund - Growth1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth1314 963 790 704 934 816 837 719
Bottom 3
Kotak Gold Fund - Growth 741 765 1445 1467 887 860 671 815
Kotak Gold ETF 710 765 1380 1467 764 860 1178 1290
Kotak Bond Fund - Growth 672 765 879 912 800 859 878 NA
Other Funds Managed by Mr Devender Singhal
Mr Devender Singhal manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak DebtHybrid Fund - Growth (Dec 02 03) Kotak India Growth Fund Series-4 (Feb 14 18) Kotak NV20 ETF (Dec 01 15) Kotak Banking ETF (Dec 10 14) Kotak Sensex ETF (Jun 06 08) Kotak Asset AllocatorFund (Aug 09 04) Kotak PSU Bank ETF (Nov 08 07) Kotak Nifty ETF (Feb 02 10)
Kotak India Growth Fund - Series 4 - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 14022018 Mr Devender Singhal has been managing the fund since 24012019Kotak NV20 ETF - Name of the Benchmark Nifty 50 Value 20 TRI Scheme Inception date is 01122015 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Sensex ETF Name of the Benchmark - SampP BSE SENSEX TRI Scheme Inception date is 06062008 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Nifty ETF Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 02022010 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Banking ETF Name of the Benchmark - Nifty Bank TRI Scheme Inception date is 10122014 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak PSU Bank ETF - Name of the Benchmark Nifty PSU Bank TRI Scheme Inception date is 08112007 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019
109
Scheme Name
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak India Growth Fund - Series 4 -Growth
6667 3224 1471 1135 NA NA 1462 1173
Kotak NV20 ETF 3937 4355 1526 1660 1902 2002 1643 1620
Kotak Nifty ETF 3078 3137 1261 1288 1647 1729 1044 1181
Bottom 3
Kotak Sensex ETF 2955 3000 1390 1422 1696 1789 982 1097
Kotak PSU Bank ETF 2203 2303 -876 -807 248 359 -163 -014
Kotak Banking ETF 1749 1948 1108 1183 2008 2068 1087 1132
Fund Type of Scheme
Kotak Equity Opportunities Fund Large amp Mid Cap Fund - An open ended equity scheme investing in both large cap and mid cap stocks
Kotak Small Cap Fund Small cap fund - An open-ended equity scheme predominantly investing in small cap stocks
Kotak Emerging Equity Fund Mid Cap Fund - An open ended equity scheme predominantly investing in mid cap stocks
Kotak Tax Saver Fund An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
Kotak Balanced Advantage Fund Open ended Dynamic Asset Allocation Fund
Kotak Pioneer Fund An open ended equity scheme investing in pioneering innovations theme
Kotak India EQ Contra Fund An open-ended equity scheme following contrarian investment strategy
Kotak Debt Hybrid Fund An open ended hybrid scheme investing predominantly in debt instruments
Kotak Bluechip Fund Large cap fund - An open-ended equity scheme predominantly investing in large cap stocks
Kotak Asset Allocator FundAn open ended fund of fund scheme investing in specified open-ended equity and debt Schemes of Kotak Mahindra
Mutual Fund
Kotak Equity Arbitrage Fund An open ended scheme investing in arbitrage opportunities
Kotak Equity Savings Fund An open ended scheme investing in equity arbitrage and debt
Kotak Flexicap Fund Flexicap Fund - An open ended dynamic equity scheme investing across large cap mid cap small cap stocks
Kotak Focused Equity Fund An open ended equity scheme investing in maximum 30 stocks in large-cap mid-cap and small-cap category
Kotak Floating Rate Fund An open ended debt scheme predominantly investing in floating rate instruments
Kotak Equity Hybrid Fund An open-ended hybrid scheme investing predominantly in equity and equity related instruments
Kotak International REIT FoFAn open ended fund of fund scheme investing in units of SMAM ASIA REIT Sub Trust fund andor other similar overseas
REIT funds
Kotak ESG Opportunities FundAn open ended equity scheme which follows the Environment Social and Governance (ESG) theme with flexibility of
investing across market capitalization 110
Fund Type of Scheme
Kotak Overnight Fund An open ended debt scheme investing in overnight securities
Kotak Gilt Fund An open ended debt scheme investing in government securities across maturity
Kotak Money Market Fund An open ended debt scheme investing in money market instruments
Kotak Savings Fund An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months
Kotak Bond Short Term Fund An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years
Kotak Corporate Bond Fund An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds
Kotak Credit Risk Fund An open ended debt scheme predominantly investing in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds)
Kotak Banking amp PSU Debt Fund An open ended debt scheme predominantly investing in Debt instruments of banks Public Sector Undertakings Public Financial Institutions and Municipal Bonds
Kotak Liquid Fund An open ended liquid scheme
Kotak Low Duration Fund An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months
Kotak Medium Term Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years
Kotak Dynamic Bond Fund An open ended dynamic debt scheme investing across duration
Kotak Bond Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years
Kotak India Growth Fund Series 5
Multicap Fund - A 1099 days close ended equity scheme investing across large cap midcap and small cap stocks
Kotak India Growth Fund Series 4
Multicap Fund - A 36 months close ended equity scheme investing across large cap midcap and small cap stocks
Kotak Infrastructure amp Economic Reform Fund
An open ended equity scheme following Infrastructure amp Economic Reform theme
111
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 112
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 113
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 114
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 115
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 116
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector biasKotak India Growth Series 4
Kotak India Growth Series 5bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector bias
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 117
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 118
Kotak Liquid Fund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Thank You
Stay Safe Stay Healthy and Stay Invested
119
lndian Economy
12
Headlines In Feb 21
13
Source Business Today
Source Bloomberg Quint
Updated on Feb 09 2021 0701 PM IST
Headlines In Feb 21
14
Source Business Standard
Source Bloomberg Quint
Company Registration Jumps 21 in April ndash Decrsquo20
15Source MCA
Sharp growth was due to the progression of smaller firms and LLPs towards forming companies as growth picked up along with improved facilitation through digital services
Indiarsquos Debt To GDP VS Major Economies
16Source Economic Survey 2020-21
Indiarsquos Public Debt To GDP Has Been Significantly Low Compared To Other Countries
Governmentrsquos Reform Momentum To Bolster Potential Growth
17Source Elara Securities
18
V Shaped Recovery
Source HIS Markit Bloomberg Index reading above 50 signals growth Score is generated on the three-month weighted averages of the indicators against the past thirty months of historical data
Domestic and overseas demand hold up for Indian companies
Nomura India Business Resumption Index Is Almost At Pre-Pandemic Levels
19
The resurgence of COVID-19 could represent a downside risk
Source Google Apple CMIE Bloomberg and Nomura Global Economics
PLI Schemes Can Add 16 To FY27 GDP amp Encourage Domestic Industry
Source RAVE Credit Suisseestimates 20
Real Estate Should Support Economic Recovery
Source The BLOOMBERG PROFESSIONALTM service Credit Suisse estimates
Mortgage rates have fallen to record lowsAffordability levels at all-time high
Source SBI HDFC Jefferies 21
Budget Aims For Ambitious Infra Spending In FY22
22
Budget has laid ambitious target for FY22 spending Infrastructure capex allocation for FY22 is steep execution key
Source Budget Elara Securities Research
Risk
23
Covid 19 Isnrsquot Yet Over
24Source Times of India
Upside Risks To Inflation Remain
25
Source CEIC UBS
RBI Survey Indicates Confidence Still Lagging
26Source RBI
Unemployment is Down but Income
27
CMIE Series of Unemployment unemployment rate (UER) (gt=15)
Unemployment Rate 30 day moving average ()
Unemployment Rate01 Mar 2021
Source CMIEcom
Equity Markets
28
Sare Jahan Se Acha Hindustan Hamara
Source Axis Capital29
-240
-168
-79
-72
-56
-26
-18
39
266(USD bn)
12 MONTHS FPI FLO W (Feb20 to Feb21)
India
Brazil
Indonesia
Philippines
Malaysia
South Africa
Thailand
Taiwan
South Korea
Source Bloomberg Axis Capital As on 28th February 2021 Past Performance may or may not sustain in the future
Performance Across Market Cap
Performance as on 28th Feb 2021 Sectoral Performance CY20 YTD ()
66
113 122
297
386 418
115
58
(12)
156 151 130
105 122
92
(10)
0
10
20
30
40
50
Nifty-50 Nifty Midcap 100 NSE SmallCap 100
1m returns 1y returns 3 yr CAGR 5 yr CAGR 10 yr CAGR
14
12
4
17
11 11 11 11
8
65
0
-1
-5
-8
Sma
llcap
10
0
Mid
cap
100
NIF
TY
50
Me
tals
Rea
lty
Ban
k
Ener
gy
Au
to
Pri
vate
Ban
ks
Fin
anci
als
Secv
ice
s
IT S
erv
ice
s
Me
dia
FMC
G
Ph
arm
a
30
Bumper Results for Dec 20 Quarter
31
Source MOSL Research
193 Cos Actual Expected
Sales 0 -2
EBITDA 19 15
PBT 33 20
PAT 31 17
NIFTY 50 Cos Actual Expected
Sales -1 -2
EBITDA 15 10
PBT 23 9
PAT 22 7
Significant Profit Pool Expansion Seen In PSU Banks Cement Auto And Auto Ancillary And Metals
32
Source ICICI Securities Internal Analysis Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
Profit Growth By Sectors
Nifty Earnings Are Expected To Accelerate Sharply Over Next Two Years
33Source NSE Company data IIFL Research Note Based on IIFL estimates
236 285 310 333
372 402 404 386
418 414
483 457 508
685
796
(41)
207
89 74
117
81
05
(45)
83
(10)
167
(54)
111
349
163
(10)
(5)
0
5
10
15
20
25
30
35
40
0
100
200
300
400
500
600
700
800
900
FY0
9
FY1
0
FY1
1
FY1
2
FY1
3
FY1
4
FY1
5
FY1
6
FY1
7
FY1
8
FY1
9
FY2
0
FY2
1ii
FY2
2ii
FY2
3ii
Rs (LHS) YoY (RHS)
Nifty EPS
Valuation Wise ndash Neutral Weight Momentum Wise - Overweight
Neutral weight doesnt mean selling equity It means profitbooking on excess position
34
Market Cap-to-GDP Ratio ndash Above Long Term Average
Market cap-to-GDP ratio Market rebound brings ratio above long term average
OW Equities =Ratio Below Historical Lows Neutral Equities = Ratio at Historical Average
Source Motilal Oswal 35
52
82 83
103
55
95
88
71
64 66
81
69
7983
79
56
104
FY05
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19
FY20
FY21
E
Average of 75 for the period
Valuations Are At The Higher End Of Fair Value
NIFTY PE (x) - 1 Year Forward NIFTY PB (x) - 1 Year Forward
Source Motilal Oswal36
207
8
13
18
23
28
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 179x
31
15
23
30
38
45
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 27x
37
Valuations Above Long Term Average
Source FactSet Kotak Institutional Equities Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
1 Year Forward Sector PE Current 10y Average Premium(discount)
Automobiles 232 158 469Energy 158 110 431Cement 303 219 387
Consumer Discretionary 590 425 387Technology 236 177 331Industrials 250 201 246
Pharmaceuticals 243 222 94Consumers 348 318 94
Metals 93 103 -94Utilities 80 110 -276
Consumer ex ITC 507 394 285Automobiles ex Tata Motors 228 185 231Energy ex Reliance Industries 80 90 -117
1 Year Forward Sector PB Current 10y Average Premium(discount)
Pvt banks 28 25 126PSU banks 10 11 -61
Earnings Are Increasing
38Source Bloomberg
QuarterReported PAT for NSE 500
Rs in CroreAnnualised PAT on Dec 20
Dec 19 122235
Mar 20 53406
June 20 32400
Sept 20 176786 707144
Dec 20 209795 839180
TTM 472387
Market Cap (280221) 18850128
PE Ratio 399 225
Highest Ever Quarterly Profit by India Inc
Valuations Are Not As Perceived
39
Company
PE
FY20Q1FY21
(Annualised)Q2FY21
(Annualised)Q3FY21 (Annualised) FY22E
Shree Cement 634 648 439 383 358
Ultra tech Cement 488 484 375 292 321
Mindtree 397 311 261 203 191
Asian Paints 814 2567 663 447 613
Persistent Systems 378 357 315 265 239
Hero Motocorp 190 2782 181 159 183
Bajaj Auto 223 537 249 182 202
Source Company data Kotak estimates Stocks mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of aninvestment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
The data for FY20 Q1Q2Q3 are actuals (annualised in the quarters) while FY22 is estimates
High Nifty Valuations Conceals the bargain opportunities in select Quality stocks
40Source ICICI Securities Internal Analysis
Adjusted PE Shows The True Valuation
Time To Be Neutral Weight To Equities
Marginally OW Small and Midcap
Marginally UW Large cap
Neutral Weight Equity
41
SIP has performed well
42
Patience Pays Off in SIPKotak Emerging Equity Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty Midcap 100 TRI is the benchmark for Kotak Emerging Equity FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund
43
Kotak Emerging Equity Fund Feb-19 Feb-20 Feb-21
10 Yr 1630 1567 1943
7 Yr 1636 1506 1745
5 yr 1024 889 1807
3 yr 324 526 2647
1 yr -984 1316 9422
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1239 991 1480
7 Yr 1212 867 1370
5 yr 736 317 1440
3 yr 079 -333 2237
1 yr -1572 -097 9753
Patience Pays Off in SIPKotak Tax Saver Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 500 TRI is the benchmark for Kotak Tax Saver FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculatingreturn on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting fromthe beginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer todisclaimer slides for scheme information and detailed performance of the fund
44
Kotak Tax Saver Fund Feb-19 Feb-20 Feb-21
10 Yr 1192 1159 1450
7 Yr 1227 1163 1406
5 yr 924 846 1511
3 yr 631 574 2027
1 yr -093 480 6660
Nifty 500 TRI Feb-19 Feb-20 Feb-21
10 Yr 1138 992 1387
7 Yr 1163 916 1367
5 yr 903 658 1525
3 yr 732 201 1992
1 yr -456 -397 7206
Patience Pays Off in SIPKotak Equity Opportunities Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021Returns are for regular plan Nifty 200 TRI is the benchmark for Kotak Equity Opportunities FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund 45
Kotak Equity Opportunities Fund Feb-19 Feb-20 Feb-21
10 Yr 1277 1242 1526
7 Yr 1281 1192 1443
5 yr 923 885 1540
3 yr 576 582 2067
1 yr -313 720 6502
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1140 992 1368
7 Yr 1165 915 1351
5 yr 931 686 1514
3 yr 822 256 1931
1 yr -274 -478 6874
46
Patience Pays Off in SIPKotak Bluechip Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 50 TRI is the benchmark for Kotak Bluechip FundDisclaimer SIP is an optional feature offered by Kotak Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mutual Past performance may or maynot be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating return on investmentsgiven an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from the beginning of thesubsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides forscheme information and detailed performance of the fund
Kotak Bluechip Fund Feb-19 Feb-20 Feb-21
10 Yr 1078 1016 1354
7 Yr 1064 940 1319
5 yr 758 678 1479
3 yr 539 435 2006
1 yr -282 108 6528
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1108 979 1341
7 Yr 1130 918 1364
5 yr 958 772 1570
3 yr 989 429 1947
1 yr 112 -515 6633
47
Equity Investment Opportunity
48
Kotak Pioneer Fund
India Basketbull Approx 80 of portfolio invested in 35 businesses
in India
bull Digital ecosystems
bull China + strategy for manufacturing
bull Consumer discretionary
bull Healthcare
bull Chemicals
bull Fintech
bull Materials
bull Investing in a global fund with a similar pioneering theme ndash CI SignatureTechnology Fund
bull Much more than FANGM (Facebook Amazon Netflix Google Microsoft)
bull FANGM investment less than 5 of CI Signature Technology Fund as on Jan2021
bull Investments in decentralized finance payments ecommercesemiconductor urban transport social media etc
bull The international diversification ndash hedge against the domestic businesscycle and potential of INR depreciation against the USD over the mediumterm
Companies that use technology through process for enduring competitive advantage
International Diversification
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
1 YearSince
Inception(31102019)
Kotak Pioneer Fund - Regular Plan 5550 3678
Benchmark 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI 4230 2467
Nifty 50 TRI 3137 1752
Less than equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
49
Kotak Small Cap Fund
bull Kotak Small Cap Fund Identifies the hidden growth potential of small cap sized companies
bull The essence is to spot them young and watch them grow
bull Kotak Small Cap Fund focus on investing in quality businesses with strong competitive edge run by great management generating high return on capital amp offering sustainable growth with high market potential and available at reasonable valuations
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Scheme Name 1 Year 3 Year 5 Year 7 Year 10 year
Kotak Small Cap Fund - Reg - Growth 5207 1309 2037 2233 1777
Nifty Smallcap 100 TRI 4344 -017 1412 1488 1045
Healthy growth in Revenue EBITDA and PAT in investee companies in the aftermath of COVID 19 ( Q3FY21)
Sales Growth YoY EBITDA Growth YoY PAT Growth YoY
Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21
Kotak Small Cap Fund -243 53 167 173 262 312 -163 311 338
Kotak Asset Allocator Fund ndash An Effective Asset Allocation Medium To Ride The Market
PeriodKotak Asset Allocator
Fund - GrowthNIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1578 1221 1722
Last 5 Year 1464 1355 1729
Last 3 Years 1462 1199 1288
Last 1 Years 2928 2142 3137
Past performance may or may not be sustained in the future Inception date is as of Aug 09 2004
Mutual Fund investments are subject to market risks read all scheme related documentscarefullySource ICRA As on 28th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Return Profile
bull Higher Flexibility of allocation (0-100 in Equities)bull Current equity allocation is 37
50
51
Debt Investors With Marginal Appetite For Equity Can Consider Investment In Kotak Debt Hybrid Fund
bull Fixed income component at ~75 amp above This keeps the volatility low amp relatively marginal level
bull Equity exposure at 25 or less allows the investor to obtain the flavor of equity play without significant risk to capital
bull SWP can be utilized to meet ldquotax efficientrdquo income requirements of the investor
Source ICRA As on 26th Feb 2021 Industry data is from AMFI and Kotak Debt Hybrid data is from CAMS Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Please consult your tax advisor for further details
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Benchmark Crisil Hybrid 85+15 ndash ConservativeIndex
Net Aum flows in Rs Crs over last 12 months()
As on 31st Jan 2021
885
-15540 -14655
Kotak Debt Hybrid Others Total
Time HorizonKotak Debt Hybrid
Fund Nifty 50 TRI Benchmark
1 Year 1502 3137 1166
2 Years 1329 1742 1206
3 Years 923 1288 1010
5 Years 1046 1729 1030
52
Shift Money To Alpha Generating Large Caps
7 Years 5 Years 3 Years 1 Year
Kotak Bluechip Fund ndash Direct Plan 1655 1694 1272 2655
Nifty 50 TRI 1423 1712 1254 2583
bull Kotak Bluechip Fund is flexible in its large cap themes rather than being rigid in different market scenarios
bull It continues to focus on businesses with favourable supply side dynamics
bull Also focuses on capital efficiency with a reasonable track-record of capitalizing on various opportunities
bull There are broadly 4 sub-themes that fund captures now namely Financial Savings Moving from Lockdown to Unlock Consumer Demand amp Global Business
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than 1 year Absolute returns Greater than 1 year Compound Annualized returnsPast performance may or may not be sustained in the future Direct Growth option Inception Date is 1st Jan 2013 (Regular Plan Dividend Option InceptionDate Dec 29 1998)
Should We Invest In Gold
53
Gold
bull We have highlighted risk of import duty being reduced to our gold call
bull The same has played out in this budget as import duty rationalised from 125 to 10 ( 75 Import Duty Plus Agriculture Cess )
bull If the import duty is reduced further to that extent there will be a drop in Rupee Gold prices instantly
bull Subject to that volatility we remain bullish Gold on a longer term basis
bull Gold has corrected in recent times for accumulation
Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before
acting on any information in this communication54
Active VS Passive Funds in Alpha Generation
55
56
Index Funds Underperforms Index
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documentscarefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance ampscheme information of the fund
Fund Category 1 Year 3 Year 5 Year
SampP BSE Sensex TRI 2990 1420 1790
Category Average 2866 1328 1684
Alpha-124 -092 -106
Fund Category 1 Year 3 Year 5 Year
Nifty 50 TRI3130 1290 1730
Category Average 3019 1193 1606
Alpha-111 -097 -124
Less than 1 year Absolute returns Greater than 1 year CAGR
Active Funds Can Give Alpha
bull Active funds canrsquot take more than 10instocks
bull Fund has to keep Cash to meetredemptions
bull Index changes stocks at the closing price with no impact cost
bull Globally Total Return Index is compared with funds gross return ie expenses are added back to performance In India TRI is compared with net return of the fund
bull In Insurance for eg they comparegross return with PRI In MF wecompare TRI with net return
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
57
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years()
Kotak Infrastructure amp Economic Reform Fund - Dir - Growth
3092 538 157 1841
India Infrastructure Index (Customised Index by IISL)
3064 243 1089 895
Alpha 028 295 481 946
Kotak Small Cap Fund - Dir - Growth 5427 1462 2281 2399
Nifty Smallcap 100 TRI 4344 -017 1512 1488
Alpha 1083 1479 769 911
Kotak Emerging Equity Fund - Dir - Growth 3842 1345 2235 2493
Nifty Midcap 100 TRI 3985 679 1739 1814
Alpha -143 666 496 679
Kotak Flexicap Fund - Dir - Growth 2614 1192 1969 1905
Nifty 200 TRI 3214 1135 1826 1498
Alpha -60 057 143 407
Kotak Equity Opportunities Fund - Dir -Growth
2915 1284 2035 1869
Nifty 200 TRI 3214 1135 1826 1498
Alpha -299 149 209 371
Kotak Tax Saver Fund - Dir - Growth 2841 1353 1996 1889
Nifty 500 TRI 3337 1086 1836 1539
Alpha -496 267 16 35
Less than 1 year Absolute returns Greater than 1 year CAGR
58
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years
Kotak India EQ Contra Fund - Dir - Growth 3288 1444 2107 1711
Nifty 100 TRI 311 1191 1826 1468
Alpha 178 253 281 243
Kotak Bluechip Fund - Dir - Growth 315 1307 1812 1644
Nifty 50 TRI 3127 1288 1837 1414
Alpha 023 019 -025 23
Kotak India Growth Fund - Series IV - Dir - Growth 6903 1602 - -
Nifty 200 TRI 3214 1135 - -
Alpha 3689 467 - -
Kotak Pioneer Fund - Dir - Growth 5808 - - -
85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI
423 - - -
Alpha 1578 - - -
Kotak India Growth Fund - Series V - Dir - Growth 4674 - - -
Nifty 200 TRI 3214 - - -
Alpha 146 - - -
Active Funds Can Give Alpha
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
Less than 1 year Absolute returns Greater than 1 year CAGR
Our Funds Have Bounced From The Bottom
Source MFI Explorer As on 26th February 2021 Past performance may or may not sustain in the future Please consult your financial advisor orother professionals before acting on any information in thiscommunication Please refer to the disclaimer slides for scheme information
59
554
791840 853 855 864 906
9551001
12281308
Kotak BalancedAdvantage
Fund
Kotak EquityHybrid Fund
Kotak FlexicapFund
Kotak Tax SaverFund
Kotak EquityOpportunities
Fund
Kotak FocusedEquity Fund
Kotak BluechipFund
Kotak India EQContra Fund
Kotak EmergingEquity Fund
Kotak PioneerFund
Kotak SmallCap Fund
change in NAV of our funds when Nifty 50 was ~7610 (From 23rd Mar 2020 till 26th Feb 2021)
Regular growth Plans performance
Debt Market Outlook
March 2021
60
61
Source Bloomberg
Liquidity is Here To StayMarket may have misread RBI Signal
-9000
-8000
-7000
-6000
-5000
-4000
-3000
-2000
-1000
0
1000
5
55
6
65
7
75
Jun
-19
Jul-
19
Au
g-1
9
Sep
-19
Oct
-19
No
v-1
9
Dec
-19
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
India 10-Year Bond Yield (LHS)
India Banking System Liquidity (RHS)
INR Bn
bull Overnight rates will remain anchored at Reverse Repo rates longer than what market is pricing in bull RBI aims to normalize CRR in the near-term The CRR normalisation opens up space for a variety of market operations to inject
additional liquidity which may induce curve flattening
62
Fear of Liquidity Withdrawal Spooked The Mid-To-Long End (~2-7years) of The Curve
bull Yield Curve is now pricing in more negatives ndash liquidity tightening rate hikes etc
bull Yields have moved up across the curve especially mid to long end of the yield curve
Source Bloomberg
3
4
5
6
7
8
3M 6M 1Y 2Y 3Y 4Y 5Y 6Y 7Y 8Y 10Y 11Y 12Y 13Y 14Y 15Y 23Y 30Y 40Y
India Sovereign Curve ()
01-Mar-21 31-Dec-20 30-Jun-20
Opportunity of value creation exists in the longer end of the curve
The current yield curve is too steep enhancing the case to chase the carry in fixed income as opposed to capital gains
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
FII Activity in Debt Market
Source Axis Capital
USD Mn
63
(1494)
381
(8680)
(1434)
(2695)
402
(534)(142)
471 520 191 1080
(740) (391)
(10500)
(9000)
(7500)
(6000)
(4500)
(3000)
(1500)
0
1500
3000
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
Source MOSPI ICRASource Bloomberg RBI Internal Research Morgan Stanley Research
406
530
00
10
20
30
40
50
60
70
80
Mar
-15
May
-15
Jul-
15
Sep
-15
No
v-1
5
Jan
-16
Mar
-16
May
-16
Jul-
16
Sep
-16
No
v-1
6
Jan
-17
Mar
-17
May
-17
Jul-
17
Sep
-17
No
v-1
7
Jan
-18
Mar
-18
May
-18
Jul-
18
Sep
-18
No
v-1
8
Jan
-19
Mar
-19
May
-19
Jul-
19
Sep
-19
No
v-1
9
Jan
-20
Mar
-20
May
-20
Jul-
20
Sep
-20
No
v-2
0
Jan
-21
CPI Core CPI
Headline Inflation To Remain Range-bound Though Marginally Above The 4 Mark In The Near Term
bull We expect a prolonged pause from the MPC in FY22 and an accommodative stance until late FY22 at least
CPI is still likely to be above the medium-term target of 4 for most of H1-FY22 further rate cuts appear unlikely unless the economic environment worsens significantly
64
65
RBI Remains Committed on OMOOperation Twist To Fund Govt Borrowing
FY 21 (RE) FY 22 (BE)
Gross Market Borrowing 1279788 1205708
Source indiabudgetgovin Internal Estimates BE is Budgetary estimates RE is revised Estimates
(in Rs Crores)
INR 75000 cr OMOOperation Twist already done post budget borrowing announcement
Source CNBC
SDL Spreads Close To Peak Levels Attractive in Terms of Valuation
10yr Central Govt Gilt Yields vs 10yr SDL Yields
Source RBI Jefferies66
Current Spreads Look Attractive For Long Term Investors
Source Bloomberg Citi Research
Spread between 10year Gilt and 1year Gilt Yield MPCrsquos Focus on Term Premia Is Likely To Prevent Imminent Sharp Rise In Bond Yields
Incremental Spreads in 10 Year provides a good cushion to shocks
67
211
0
50
100
150
200
250
300
Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21
Case For Carry Corporate Bond Spreads Show Attractive Valuation Opportunity
Source Bloomberg Jefferies
Corporate AAA Bond Yield ()
68
444
558
3
35
4
45
5
55
6
65
7
75
Mar
-hellip
Ap
r-2
0
May
-hellip
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
1 Year AAA Corporate Bond
3 Year AAA Corporate Bond
450
500
550
600
650
700
750
800
850
1Y 2Y 3Y 4Y 5Y 7Y 10Y
01-Mar-21 29-Jan-21 31-Dec-19
India Corporate Bond Curve
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
69
Market Is Pricing In More Negative News
NABARD Yield Incremental Yield
adjusted for holding period
Protection for Rise in 10 yrNabard (bps)
Breakeven level10 yr Nabard
A 1 yr 425 After 1 yr
10 yr 715 29 051 766
B 2 yr 505 After 2 yr
10 yr 715 21+21=42 084 799
C 3 yr 56 After 3 yr
10 yr 715 155+155+155=455 103 818
Assuming investment HTM in short bonds for respective holding periods Adjusted is incremental yield for 2 yrmultiplied by 2 and 3 yr by 3
Source Internal Analysis The above illustration is not an indication of our portfolio
Debt Outlook
70
bull Liquidity is here to stay much longer than what market is fearing
bull Overnight rates are expected to gradually trend higher as normalisation of rates take place over the course of next 1 year
bull Fear of Liquidity withdrawal has led to sharp spike in OIS- swap yields in 1 yr at 392 and 2 yr at 435 this effectively means forward curve is pricing in almost 3 rate hikes of 25 bp each in Repo rate for the seller of the 2 yr swap to break even In our opinion is too soon and more than what the fundamental situation can justify purely based on inflation outlook
bull Inspite of the recent spike in crude oil prices average headline inflation for FY 22 is in the band of 5-525
bull With comfort on inflation reduction in gold imports stable to appreciating INR (High Fx reserves)We believe RBI will maintain a status quo along with its accommodative stance as there is no big urgency to rush for rate hikes
bull RBI while not giving OMO calendar is actually done decent amount of OMO till now and remain committed for more As the System isflush with liquidity and FX flows coming RBI is constrained to conduct aggressive OMO and add liquidity As the CRR cut reversal announced earlier will take out about 16 lac cr worth liquidity will increase the ability of the RBI to conduct outright OMO vs OT which will be more positive the long bonds
bull For investors it is best to stick to intended investment horizons as volatility would continue to be order of the day
bull Duration investors with appetite for volatility can look to invest in the Gilt Bond and Dynamic Bond Funds space
bull Investors looking for relatively higher YTM can consider Floating rate Fund Medium-Term Fund and Credit Risk Fund segment
bull Investors should stay invested across fixed income strategies ndash as ldquocarryrdquo assumes significance over ldquocapital gainsrdquo
Debt Investment Opportunity
71
Debt Funds Have Generated Good Returns For The Patient Investors
Source MFi Explorer Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to disclaimer slides for detailed performance and scheme information of the funds 72
Fund Name 3 Year Returns of Fund () (CAGR)
Kotak Gilt Fund 980
Kotak Dynamic Bond Fund 921
Kotak Banking and PSU Debt Fund 894
Kotak Bond Fund 879
Kotak Corporate Bond Fund 838
Kotak Bond Short Term Fund 815
Kotak Credit Risk Fund 702
Kotak Medium Term Fund 650
73
Kotak Dynamic Bond Fund Has Outperformed Over Long-Term Since 2018
928
600
650
700
750
800
850
900
950
1000
1050
Feb
-18
Ap
r-1
8
May
-18
Jul-
18
Au
g-1
8
Sep
-18
No
v-1
8
Dec
-18
Jan
-19
Mar
-19
Ap
r-1
9
Jun
-19
Jul-
19
Au
g-1
9
Oct
-19
No
v-1
9
Jan
-20
Feb
-20
Mar
-20
May
-20
Jun
-20
Jul-
20
Sep
-20
Oct
-20
Dec
-20
Jan
-21
Feb
-21
Rolling Returns()
Kotak Dynamic Bond Fund - Reg - Growth NIFTY Composite Debt Index
915
Credit funds carry credit risk and duration dynamic funds carry interest rate risk
Hence our advice to IFA distributors is that they allocate clients money in both dynamic and accrual funds from a 3 year perspective
Source ICRA As on 26th February 2021 The above returns is daily rolling returns for last 36months Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please refer to the disclaimer slides for detailed performance of the fund
Kotak Medium Term Fund
Fund YTM (As on 26 Feb 2021) Respective Segment YieldsIncremental Earnings
(Spread)
Kotak Medium Term Fund 699 3 Year AA 574 125
Source Bloomberg Data as on 26-Feb-2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for performance details amp scheme information
Mutual fund investment are subject to market risks read all scheme related documents carefully
26-Feb-2021 Average Maturity (Years) Modified Duration (Years) Macaulay Duration (Years)
378 263 281
bull Duration of the fund has come down as we expect normalisation of rates to take place over the course of next 1 year We see merit in running lower duration in Medium Term Fund
bull We believe Kotak Medium Term fund is a reasonably attractive investment option for investors with minimum 1 year investment horizon
74
Attractive Yields Across The Segment
Source Bloomberg Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for scheme details
Mutual fund investment are subject to market risks read all scheme related documents carefully 75
458
699 699
389
638 638
0
1
2
3
4
5
6
7
8
Kotak Low Duration Fund Kotak Credit Risk Fund Kotak Medium Term Fund
YTM () (As on 26 Feb 21) Respective Segment Yields ()
1 Year OIS
3 Year AA
3 Year AA
Incremental Spread 069
Incremental Spread 061
Incremental Spread 061
Distributor Engagement
76
Prostart ndash Video Learning Platform
1FINANCIAL PLANNING (10 VIDEOS)
2SOCIAL MEDIA MARKETING (14 VIDEOS)
3UNDERSTANDING RISK IN MFrsquoS (5 VIDEOS)
4TAXATION IN MFrsquoS (2 VIDEOS)
5NEW NORMAL (1 VIDEOS)
6MAXIMIZING DIGITAL CONNECTIONS (2 VIDEOS)
7HANDLING INVESTOR EMOTIONS (4 VIDEOS)
8ACQUIRING NEW CLIENTS (3 VIDEOS)
9THE NEXT WAVE (3 VIDEOS)
77
Over 25000 Participants
have viewed these Videos (Till Feb 2021)
Testimonials
ldquoGood Initiative developed by Kotak MF to enhance knowledge amp practical approach for MFDsrdquo -Md Qaise Ghazali
ldquoVery Knowledgeable Thank You Kotak MF Teamrdquo ndashVikas Jain
10DEBT DEMYSTIFIED (12 VIDEOS)
78
Business Dashboard
Transaction History
Distributor Initiated Transaction
Capital Gain and Account Statement
Prostart
Business Hub
More than 13574 IFArsquos are actively using Business Hub
Dont miss out on the benefits of Business Hub
Co-branding Marketing Material
Business opportunities
Stay Updated Follow us at Kotak Mutual Fund Click here to visit our YouTube Channel
How To Boost Business Using Business Hub
Product Video ndash Now Available In Different Languages
Kotak Bluechip Fund
Debt Market Outlook ndash March 2021
Kotak NASDAQ-100 FOF
How to make money through equity asset allocation (English)
Equity Market Outlook ndash March 2021
HindiGujaratiMarathiTeluguKannadaTamilMalayalamBengali
English ndash Mr Arjun Khanna amp Ms Lakshmi Iyer amp Mr Harsha Upadhyaya
Hindi - Mr Arjun Khanna
79
80
Please Follow Like And Share Kotak Mutual Fundrsquos Official Social Media Pages For Regular Updates
Twitter - KotakMF - httpstwittercomKotakMF
Facebook - KotakMF - httpsfacebookcomKotakMF
YouTube - Kotak Mutual Fund - httpswwwyoutubecomcKotakMutualFundOfficial
Instagram - Kotak Mutual Fund - httpsinstagramcomkotakmfigshid=kr86qg3u973n
LinkedIn - Kotak Mutual Fund - httpswwwlinkedincomcompanykotak-mutual-fund
ANNEXURES
81
Kotak MF Mantra lsquoReturn of Capitalrsquo is more important
Strong Promoters Cashflow backed business Liquidity and Asset Security are key to our investment ideas
82
Rating amp Category Breakup Across Kotak MF Open-Ended Debt Funds
Data As on 26 Feb 2021
We follow our investment process of focussing on credit quality and liquidity profile of our debt funds and maintain high degree of transparency for investors
Please consult your financial advisor or other professionals before acting on any information in this communication
It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Mutual fund investments are subject to market risks read all scheme related documents carefully
Feb-21 April-20
Credit Rating of Open-Ended Debt Funds of Total AUM of Total AUM
TbillG-SecSDLAAAA1+Cash 9393 9281
AA+ 228 165
AA 248 290
AA- 087 142
Below AA- 043 122
Grand Total (AUM) (INR Cr) 11895880 78624
The above rating allocation does not include NCA (Net Current Assets)
83
bull At Kotak MF we have zero borrowing across all our funds as on 26 Feb 2021
Mutual fund investments are subject to market risks read all scheme related documents carefully
Liquidity Position Of Kotak MF Debt Funds As said earlier our incremental allocation has gone into higher quality assets
Name of the Fund Fund Category of AUM in AAA (Long Term) or
A1+ (Short Term) Sovereign Debt Cash amp NCA (Dec 2020)
of AUM in AAA (Long Term) or A1+ (Short Term) Sovereign Debt
Cash amp NCA (Apr 2020)
Non-Credit Strategies
Kotak Liquid Fund Liquid 100 100
Kotak Money Market Fund Money Market 100 100
Kotak Corporate Bond Fund Corporate Bond 100 100
Kotak Bond Short Term Fund Short Duration 100 100
Kotak Bond Fund Medium to Long Duration 96 86
Kotak Dynamic Bond Fund Dynamic Bond 92 85
Kotak Savings Fund Ultra Short Duration 91 87
Kotak Banking and PSU Debt Fund
Banking and PSU 88 79
Kotak Low Duration Fund Low Duration 85 52
Credit Strategies
Kotak Medium Term Fund Medium Duration 63 50
Kotak Credit Risk Fund Credit Risk 36 27
As on 26 Feb 2021It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Please refer to the disclaimer slides for scheme details
The above rating allocation includes NCA (Net Current Assets)
84
Key Variables amp Their Impact On Interest Rates
Key VariablesShort Term
(3-6mo)Medium Term
(6mo-2yrs)Remarks ndash( Denotes fall in Interest Rates )
InflationHeadline CPI is expected to be in the range of 4-5 for the year Despite expansion of the fiscal deficit the quality ofspending appears to be non inflationary Inflation is unlikely to be area of problem in the year
Rupee
INR has been quite strong since last 3m curtsey strong FDI and FPI flows in equity Lat 1 yr also its marginallydepreciated We have FX reserves closes to 600 bn and given CAD and TD under control INR is expected to remain wellbid We believe in the absence of any geo political event INR is expected to be stable and shall appreciate as economicgrowth stabilizes RBI is keeping INR competitive on REER basis
Credit DemandGradually economy is opening up and Credit growth is expected to pickup as unlocking activity resumes and gains momentum post vaccination in phases However situation is fragile and this may accentuate the situation further However easy rates may help some demand pickup Till then credit growth will not impact rates negatively
Government Borrowing
Union budget has shocked the market by giving 80 extra borrowing for the current year in dated securities Next year also borrowing is on heavier side However we believe the govt RBI may have some credible plan to conduct the borrowing smoothly As the budget is non inflationary and otherwise also inflation is under control there is no reason for govt to give so high real rates hence we believe the RBI will pull some demand leveres such as index inclusion or OMO Will have to wait for MPC
RBI PolicyRbi has shown commitment in the past and there is no reason for taking the rates higher hence we believe RBI is expected to come up with some credible plan If they leave it to the market then we are headed for a tough time
Global Event RiskThe News of a Vaccine has triggered a risk-on event and lead to a sharp rally in risk asset and bonds were sold offHowever yields will look for growth which may not come in a hurry On the other hand the risk of a geopolitical eventis always open
Corporate bond SpreadWhile some green shoots seen but on an over all basis the economy is still struggling Short term spreads have seendecent compression unlikely to compress further meaningfully Long terms bonds still offer attractive spreads but likelyjust a carry trade
Debt FII flowWe have seen some traction coming in near term with revival of flows from the FPI in debt However its seems real flows will only be seen with index inclusion
Liquidity
Despite very high liquidity more than 1 yr yield is moving higher as the fear is RBI will remove accommodation sooner than later However we believe large part of the move is done 2-10 yr curve
85
Key Variables amp Their Impact On Equities
Key VariablesShort -term
Medium ndashterm
Remarks
EconomyWhile Covid-19 impacts economy there is likely to be sequential improvement as Indian economy unlocks
Corporate EarningsWhile Covid-19 impacts corporate India there is likely to be sequential improvement as Indian economy unlocks
FII FlowIndia stands out among global asset classes with prospects of strong long term growth given favorable demographics
DII Flow Long runaway of growth in financialization of savings
Supply of paperHigher disinvestment target and repair of leveraged balance sheet to create supply in markets
PolicyReform Initiative Expect improved reform momentum
Signify Growth 86
Disclaimers amp Disclosures
87
The information contained in this (document) is extracted from different public sources All reasonable care has been taken to ensure that the information contained hereinis 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 KotakMahindra Asset Management Co Ltd or any associated companies or any employee thereofWe are not soliciting any action based on this material and is for generalinformation only Investors should consult their financial advisors if in doubt about whether the product is suitable for them before investing
These materials are not intended for distribution to or use by any person in any jurisdiction where such distribution would be contrary to local law or regulation Thedistribution of this document in certain jurisdictions may be restricted or totally prohibited and accordingly persons who come into possession of this document arerequired to inform themselves about and to observe any such restrictions
Mutual Fund investments are subject to market risks read all scheme related documents carefully
Disclaimers amp Risk Factors
88
Scheme Inception date is 26052008 Mr Deepak Agrawal has been managing the fund since 25112012 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Dynamic Bond Fund As on 26 Feb 2021
Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Banking amp PSU Debt Fund As on 26 Feb 2021
89
Dec 29 1998Kotak Banking and PSU
Debt Fund - GrowthCRISIL Banking and PSU
Debt Index ALPHA CRISIL 1 Year Tbill
Kotak Banking and PSU Debt Fund - Growth
CRISIL Banking and PSU Debt Index
CRISIL 1 Year TBill
Since Inception 753 NA NA 662 50043 NA 41450
Last 1 Year 744 632 112 547 10742 10630 10546
Last 3 Years 894 868 026 665 12926 12834 12127
Last 5 Years 846 854 -008 656 15006 15064 13739
May 26 2008Kotak Dynamic Bond
Fund - GrowthNIFTY Composite Debt
Index ALPHA CRISIL 1 Year TBill
Kotak Dynamic Bond Fund - Growth
NIFTY Composite Debt Index
CRISIL 1 Year TBill
Since Inception 860 846 014 648 28659 28180 22287
Last 1 Year 685 790 -105 547 10683 10788 10546
Last 3 Years 921 934 -013 665 13022 13068 12127
Last 5 Years 912 868 044 656 15470 15161 13739
Scheme Inception date is 06032008 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Low Duration Fund As on 26 Feb 2021
Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Fund As on 26 Feb 2021
90
Mar 06 2008Kotak Low Duration
Fund - GrowthNIFTY Low Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Low Duration Fund - Growth
NIFTY Low Duration Debt Index
CRISIL 1 Year TBill
Since Inception 769 827 -058 648 26178 28053 22605
Last 1 Year 669 594 075 547 10667 10592 10546
Last 3 Years 760 723 037 665 12455 12326 12127
Last 5 Years 774 735 039 656 14514 14256 13739
Nov 25 1999Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
ALPHA CRISIL 10 Year Gilt Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 878 NA NA NA 59893 NA NA
Last 1 Year 672 765 -093 493 10670 10763 10492
Last 3 Years 879 912 -033 894 12872 12990 12927
Last 5 Years 800 859 -058 734 14692 15093 14246
Scheme Inception date is 02052002 Mr Deepak Agrawal has been managing the fund since 11072007 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Short Term Fund on 26 Feb 2021
Scheme Inception date is 21092007 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Corporate Bond Fund on 26 Feb 2021
91
May 02 2002Kotak Bond Short Term
Fund - GrowthNIFTY Short Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Bond Short Term Fund - Growth
NIFTY Short Duration Debt Index
CRISIL 1 Year TBill
Since Inception 772 793 -021 607 40606 42094 30324
Last 1 Year 720 797 -077 547 10718 10794 10546
Last 3 Years 815 828 -013 665 12648 12692 12127
Last 5 Years 785 808 -024 656 14585 14746 13739
Sep 21 2007Kotak Corporate Bond
Fund - GrowthCRISIL Corporate Bond
Composite Index ALPHA CRISIL 1 Year TBill
Kotak Corporate Bond Fund - Growth
CRISIL Corporate Bond Composite Index
CRISIL 1 Year TBill
Since Inception 818 939 -120 645 28790 33407 23163
Last 1 Year 741 793 -052 547 10739 10791 10546
Last 3 Years 838 894 -057 665 12726 12927 12127
Last 5 Years 830 885 -055 656 14898 15277 13739
Scheme Inception date is 11052010 Mr Deepak Agrawal has been managing the fund since 12042010 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Credit Risk Fund As on 26 Feb 2021
Scheme Inception date is 21032014 Mr Deepak Agrawal has been managing the fund since 22062015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Medium Term Fund As on 26 Feb 2021
92
May 11 2010Kotak Credit Risk Fund -
GrowthNIFTY Credit Risk Bond
Index ALPHA CRISIL 1 Year TBill
Kotak Credit Risk Fund -Growth
NIFTY Credit Risk Bond Index
CRISIL 1 Year TBill
Since Inception 808 930 -121 671 23159 26128 20167
Last 1 Year 455 987 -532 547 10453 10984 10546
Last 3 Years 702 900 -198 665 12253 12946 12127
Last 5 Years 755 900 -145 656 14384 15380 13739
Mar 21 2014Kotak Medium Term
Fund - GrowthNIFTY Medium Duration
Debt Index ALPHA CRISIL 10 Year Gilt
Kotak Medium Term Fund - Growth
NIFTY Medium Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 812 900 -088 826 17192 18192 17350
Last 1 Year 456 873 -417 493 10455 10871 10492
Last 3 Years 650 902 -252 894 12078 12954 12927
Last 5 Years 730 863 -133 734 14218 15121 14246
Kotak Balanced Advantage Fund Performance as on 26 Feb 2021
Scheme Inception date is 03082018 Mr Harish Krishnan Mr Abhishek Bisen have been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the periodhave been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point(PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark Alpha is difference ofscheme return with benchmark return
Kotak Debt Hybrid Fund Performance as on 26 Feb 2021
Scheme Inception date is 02122003 Mr Abhishek Bisen has been managing the fund since 01042008 Mr Devender Singhal has been managing the fund since 25082015Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (CompoundedAnnualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of SchemeBenchmark Name of Additional BenchmarkThe performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark returnTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant(PRI)The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using compositeCAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return 93
Aug 03 2018Kotak Balanced
Advantage Fund -Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA Nifty 50 TRI
Kotak Balanced Advantage Fund -
Growth
NIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1092 1167 -075 1130 13052 13281 13166
Last 1 Year 1849 2142 -292 3137 11844 12135 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Dec 02 2003Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
ALPHA CRISIL 10 Year Gilt Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
CRISIL 10 Year Gilt
Since Inception 809 855 -045 582 38280 41141 26537
Last 1 Year 1502 1166 336 493 11497 11162 10492
Last 3 Years 923 1010 -086 894 13030 13341 12927
Last 5 Years 1046 1030 017 734 16443 16319 14246
Kotak Asset Allocator Fund as on 26 Feb 2021
Scheme Inception date is 09082004 Mr Devender Singhal amp Mr Arjun Khanna has been managing the fund since 09052019 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using composite CAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return
Scheme Inception date is 29121998 Mr Abhishek Bisen has been managing the fund since 15042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Gilt Fund As on 26 Feb 2021
94
Aug 09 2004Kotak Asset Allocator
Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA SampP BSE SENSEX TRI
Kotak Asset Allocator Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index SampP BSE SENSEX TRI
Since Inception 1578 1221 357 1579 113266 67426 113398
Last 1 Year 2928 2142 786 3000 12919 12135 12990
Last 3 Years 1462 1199 262 1422 15051 14043 14894
Last 5 Years 1464 1355 109 1789 19793 18868 22764
Dec 29 1998Kotak Gilt Fund -
GrowthNIFTY All Duration G-Sec
Index ALPHA CRISIL 10 Year Gilt
Kotak Gilt Fund -Growth
NIFTY All Duration G-Sec Index
CRISIL 10 Year Gilt
Since Inception 951 NA NA NA 74952 NA NA
Last 1 Year 768 641 128 493 10766 10639 10492
Last 3 Years 980 1001 -021 894 13234 13311 12927
Last 5 Years 892 848 044 734 15325 15020 14246
Kotak Pioneer Fund as on 26 Feb 2021
Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Different plans have different expense structure The performance details provided herein are of regular plan 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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
95
Oct 31 2019Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
ALPHA Nifty 50 TRI Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
Nifty 50 TRI
Since Inception 3678 2467 1211 1752 15149 13397 12386
Last 1 Year 5550 4230 1320 3137 15531 14216 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Feb 25 2008Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
ALPHA Nifty 50 TRI
Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
Nifty 50 TRI
Since Inception 719 133 586 951 24675 11876 32619
Last 1 Year 2940 3064 -124 3137 12931 13054 13127
Last 3 Years 405 243 162 1288 11265 10746 14378
Last 5 Years 1332 1089 243 1729 18676 16760 22189
Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 01022015
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Infrastructure amp Economic Reform Fund as on 26 Feb 2021
96
Feb 20 2018Kotak India Growth Fund -
Series IV - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series IV - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1462 1173 289 1328 15099 13979 14570
Last 1 Year 6667 3224 3443 3137 16644 13214 13127
Last 3 Years 1471 1135 335 1288 15087 13803 14378
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 20022018 Mr Devender Singhal has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak India Growth Fund Series IV as on 26 Feb 2021
Kotak India Growth Fund Series V as on 26 Feb 2021
May 15 2018Kotak India Growth Fund -
Series V - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series V - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1389 1146 243 1265 14372 13534 13939
Last 1 Year 4661 3224 1437 3137 14646 13214 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak Smallcap Fund Performance as on 26 Feb 2021
Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the TotalReturn variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
97
Kotak Smallcap Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1930000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 8187177 3266871 1617790 1001229 576604 190906
Scheme Returns () 1620 1905 1843 2067 3331 12808
NIFTY Smallcap 100 (TRI) Returns () 1048 1159 1036 1161 2174 12178
Alpha 572 746 808 905 1158 630
NIFTY Smallcap 100 (TRI) (Rs) 4794025 2190608 1213472 802393 493594 187746
Nifty 50 (TRI) (Rs)^ 5809863 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1256 1341 1364 1570 1947 6633
Scheme Inception - February 242005 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Feb 24 2005Kotak Smallcap Fund -
GrowthNIFTY Smallcap 100 TRI ALPHA Nifty 50 TRI
Kotak Smallcap Fund -Growth
NIFTY Smallcap 100 TRI Nifty 50 TRI
Since Inception 1648 1274 375 1440 115182 68229 86309
Last 1 Year 5224 4358 866 3137 15207 14344 13127
Last 3 Years 1309 -017 1326 1288 14460 9950 14378
Last 5 Years 2040 1419 622 1729 25291 19406 22189
Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) Performance as on 26 Feb 2021
98
Kotak Flexi Cap Fund (Previously known as Kotak Select Standard Multi Cap Fund)
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1380000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 3453492 2729977 1380165 856388 468086 156611
Scheme Returns () 1505 1571 1397 1426 1792 6240
Nifty 200 (TRI) Returns () 1288 1368 1351 1514 1931 6874
Alpha 218 204 045 -088 -139 -634
Nifty 200 (TRI) (Rs) 3011611 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 2974930 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1268 1341 1364 1570 1947 6633
Scheme Inception - September 11 2009 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 11 2009Kotak Flexi Cap Fund -
GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak Flexi Cap Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1391 1156 235 1140 44527 35062 34492
Last 1 Year 2497 3224 -727 3137 12489 13214 13127
Last 3 Years 1082 1135 -054 1288 13604 13803 14378
Last 5 Years 1738 1719 020 1729 22274 22089 22189
Kotak Emerging Equity Fund Performance As on 26 Feb 2021
Scheme Inception date is 30032007 Mr Pankaj Tibrewal has been managing the fund since 27052010 Different plans have different expense structure The performance detailsprovided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circulardated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha isdifference of scheme return with benchmark return
99
Kotak Emerging Equity Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1680000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 6176383 3334607 1562085 940171 526485 173627
Scheme Returns () 1705 1943 1745 1807 2647 9422
Nifty Midcap 100 (TRI) Returns () 1388 1480 1370 1440 2237 9753
Alpha 316 463 375 368 410 -332
Nifty Midcap 100 (TRI) (Rs) 4795200 2599125 1367070 859342 497885 175354
Nifty 50 (TRI) (Rs)^ 4226246 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1229 1341 1364 1570 1947 6633
Scheme Inception - March 30 2007 The returns are calculated by XIRR approach assuming investment of 10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Mar 30 2007Kotak Emerging Equity
Fund - GrowthNifty Midcap 100 TRI ALPHA Nifty 50 TRI
Kotak Emerging Equity Fund - Growth
Nifty Midcap 100 TRI Nifty 50 TRI
Since Inception 1320 1332 -012 1138 56228 57054 44823
Last 1 Year 3676 3998 -322 3137 13664 13985 13127
Last 3 Years 1207 679 528 1288 14070 12177 14378
Last 5 Years 1997 1624 372 1729 24836 21217 22189
Kotak Tax Saver Fund Performance as on 26 Feb 2021
Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
100
Kotak Tax Saver Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1840000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5208479 2557585 1384584 874589 483657 158907
Scheme Returns () 1251 1450 1406 1511 2027 6660
Nifty 500 (TRI) Returns () 1244 1387 1367 1525 1992 7206
Alpha 007 063 038 -014 035 -546
Nifty 500 (TRI) (Rs) 5177617 2472906 1365740 877640 481312 161867
Nifty 50 (TRI) (Rs)^ 5074950 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1221 1341 1364 1570 1947 6633
Scheme Inception - November 23 2005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initialand final value and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Nov 23 2005Kotak Tax Saver Fund -
GrowthNifty 500 TRI ALPHA Nifty 50 TRI
Kotak Tax Saver Fund -Growth
Nifty 500 TRI Nifty 50 TRI
Since Inception 1217 1303 -085 1328 57797 64882 67113
Last 1 Year 2685 3347 -662 3137 12677 13337 13127
Last 3 Years 1219 1086 133 1288 14116 13621 14378
Last 5 Years 1741 1731 010 1729 22304 22207 22189
Kotak Equity Opportunities Fund Performance as on 26 Feb 2021
Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012 Different plans have different expense structure The performance details provided hereinare of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRAMFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
101
Kotak Equity Opportunities Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1980000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 7635338 2664264 1403160 880871 486395 158045
Scheme Returns () 1478 1526 1443 1540 2067 6502
Nifty 200 (TRI) Returns () 1281 1368 1351 1514 1931 6874
Alpha 197 158 092 026 136 -373
Nifty 200 (TRI) (Rs) 6308482 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 6292270 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1279 1341 1364 1570 1947 6633
Scheme Inception - September 09 2004 The returns are calculated by XIRR approach assuming investment of Rs 10000- 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 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 TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 09 2004Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI ALPHA Nifty 50 TRI Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1831 1537 294 1555 159694 105534 108232
Last 1 Year 2771 3224 -453 3137 12762 13214 13127
Last 3 Years 1158 1135 023 1288 13887 13803 14378
Last 5 Years 1791 1719 072 1729 22776 22089 22189
Kotak Bluechip Fund Performance as on 26 Feb 2021
Since inception date of Kotak Bluechip Fund - Reg Growth is 4022003 Mr Harish Krishnan has been managing the fund since 01012014Different plans have different expense structure Theperformance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000-investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 theperformance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the schemebenchmark performance is calculated using composite CAGR of SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Since Inception date of KotakBluechip Fund- Dividend plan is 29121998 Alpha is difference of scheme return with benchmark return
102
Kotak Bluechip Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 2170000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 9909049 2429408 1342358 867738 482271 158190
Scheme Returns () 1497 1354 1319 1479 2006 6528
Nifty 50 (TRI) Returns () 1393 1341 1364 1570 1947 6633
Alpha 103 013 -045 -091 059 -105
Nifty 50 (TRI) (Rs) 8857197 2412890 1363994 887303 478297 158761
SampP BSE SENSEX (TRI) (Rs)^ 9110194 2472879 1393707 907359 481833 157647
SampP BSE SENSEX (TRI) Returns () 1419 1387 1424 1662 2000 6429
Scheme Inception - December 29 1998 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the scheme benchmark SIP Performance is calculated by taking SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Alpha is difference of scheme return with benchmark return
Feb 04 2003Kotak Bluechip Fund -
GrowthNifty 50 TRI ALPHA SampP BSE SENSEX TRI
Kotak Bluechip Fund -Growth
Nifty 50 TRI SampP BSE SENSEX TRI
Since Inception 1967 1722 246 1738 256865 176573 181028
Last 1 Year 3007 3137 -130 3000 12998 13127 12990
Last 3 Years 1181 1288 -107 1422 13975 14378 14894
Last 5 Years 1575 1729 -154 1789 20767 22189 22764
Kotak India EQ Contra Fund as on 26 Feb 2021
Jul 27 2005Kotak India EQ Contra
Fund - GrowthNifty 100 TRI ALPHA Nifty 50 TRI
Kotak India EQ Contra Fund - Growth
Nifty 100 TRI Nifty 50 TRI
Since Inception 1321 1408 -088 1388 69209 78041 75924
Last 1 Year 3123 3120 003 3137 13113 13110 13127
Last 3 Years 1293 1191 102 1288 14396 14010 14378
Last 5 Years 1830 1719 110 1729 23155 22098 22189
Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
103
Kotak India EQ Contra Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1880000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5753810 2581589 1412974 907013 487708 163570
Scheme Returns () 1309 1467 1463 1660 2087 7522
Nifty 100 (TRI) Returns () 1268 1363 1351 1519 1891 6526
Alpha 041 104 112 141 195 996
Nifty 100 (TRI) (Rs) 5543589 2441380 1357611 876201 474636 158175
Nifty 50 (TRI) (Rs)^ 5371562 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1233 1341 1364 1570 1947 6633
Scheme Inception - July 272005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initial and finalvalue and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Other Funds Managed by Mr Deepak Agarwal
Mr Deepak Agrawal manages 12 funds amp All FMPs of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan (Kotak Bond Short Term Fund (May 02 02) Kotak Dynamic Bond Fund (May 26 08) Kotak Money Market Fund (Nov 25 07) Kotak Liquid Fund (Nov 04 03) Kotak Banking and PSU Debt Fund (Dec 29 98) Kotak Savings Fund (Jul 11 07) Kotak Credit Risk Fund (May 11 10) Kotak Medium Term Fund (Mar 21 14) Kotak Low Duration Fund (Jan 31 15) Kotak Corporate Bond Fund (Sep 21 07) Kotak Overnight Fund (Jan 15 19) All Fixed Maturity Plans in existence (Aug 1315) Kotak Floating Fund (May 14 2019)
Kotak Floating Rate Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 14052019 Mr Deepak Agrawal has been managing the fund since 14052019Kotak Banking and PSU Debt Fund - Growth Name of the Benchmark - CRISIL Banking and PSU Debt Index Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008Kotak Savings Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 13082004 Mr Deepak Agrawal has been managing the fund since 01042008Kotak Liquid Fund - Growth Name of the Benchmark - NIFTY Liquid Index Scheme Inception date is 04112003 Mr Deepak Agrawal has been managing the fund since 01052007Kotak Overnight Fund - Growth Name of the Benchmark - NIFTY 1D Rate Index Scheme Inception date is 15012019 Mr Deepak Agrawal has been managing the fund since 15012019Kotak Money Market Fund - Growth Name of the Benchmark - NIFTY Money Market Index Scheme Inception date is 14072003 Mr Deepak Agrawal has been managing the fund since 01112006
104
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Floating Rate Fund - Growth 808 514 NA NA NA NA 772 610
Kotak Banking and PSU Debt Fund - Growth 744 632 894 868 846 854 753 NA
Kotak Savings Fund - Growth 524 514 684 696 705 716 760 797
Bottom 3
Kotak Money Market Fund - Growth 520 471 692 638 699 672 728 742
Kotak Liquid Fund - Growth 377 388 577 582 627 624 715 717
Kotak Overnight Fund - Growth 296 312 NA NA NA NA 429 443
Funds Managed by Mr Harsha Upadhyaya
Mr Harsha Upadhyaya manages 4 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Opportunities Fund (Sep 9 04) Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) (Sep 11 09) Kotak Tax Saver Fund (Nov 2305)
Funds Managed by Mr Pankaj Tibrewal
Mr Pankaj Tibrewal manages 3 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Small Cap Fund (Feb 2405) Kotak Emerging Equity Fund (Mar 3007) Kotak Equity Hybrid Fund (Nov 2599) Kotak Smallcap Fund - Growth Name of the Benchmark - NIFTY Smallcap 100 TRI Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010 Kotak Equity Hybrid Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008
105
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Equity Opportunities Fund - Growth 2771 3224 1158 1135 1791 1719 1831 1537
Kotak Tax Saver Fund - Growth 2685 3347 1219 1086 1741 1731 1217 1303
Kotak Flexi Cap Fund - Growth 2497 3224 1082 1135 1738 1719 1391 1156
Kotak ESG Opportunities Fund - Growth Kotak ESG Opportunities Fund has not yet completed 1 year from Inception the performance of the scheme is not disclosed
Kotak Equity Opportunities Fund - Growth (Erstwhile Kotak Opportunities) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012
Kotak Tax Saver Fund - Growth Name of the Benchmark - Nifty 500 TRI Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015
Kotak Flexi Cap Fund - Growth (Erstwhile Kotak Standard Multicap Fund) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Small Cap Fund - Growth 5224 4358 1309 -017 2040 1419 1648 1274
Kotak Emerging Equity Fund - Growth 3676 3998 1207 679 1997 1624 1320 1332
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Funds Managed by Mr Hiten Shah
Mr Hiten Shah manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Balanced Advantage Fund (Aug 03 18) Kotak Equity Savings Fund (Oct 13 2014) Kotak Equity Arbitrage Fund (Sep 29 05) Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Equity Arbitrage Fund - Growth Name of the Benchmark - Nifty 50 Arbitrage Index Scheme Inception date is 29092005 Mr Hiten Shah has been managing the fund since 03102019
Funds Managed by Ms Shibani Kurian
Ms Shibani Kurian manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak India EQ Contra Fund - Growth (July 27 05) Kotak India Growth Fund Series 7 (Aug 31 18) Kotak Focused Equity fund (Jul 16 19) Kotak India EQ Contra Fund - Growth (Erstwhile Classic Equity Fund) Name of the Benchmark - Nifty 100 TRI Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak India Growth Fund - Series 7 - Growth Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 31082018 Ms Shibani Kurian has been managing the fund since 09052019
106
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Balanced Advantage Fund - Growth 1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Kotak Equity Arbitrage Fund - Growth 354 186 539 454 577 484 713 NA
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak India EQ Contra Fund - Growth 3123 3120 1293 1191 1830 1719 1321 1408
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak India Growth Fund - Series 7 - Growth 2018 3137 NA NA NA NA 1042 1037
Other Funds Managed by Mr Harish Krishnan
Mr Harish Krishnan manages 7 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak BluechipFund (Feb 04 03) Kotak Infrastructure amp Economic Reform Fund (Feb 25 08) Kotak India Growth Fund Series 5 (May1518) Kotak Balanced Advantage Fund (Aug 0318) Kotak Equity Savings Fund (Oct 13 14) Kotak Focused Equity fund (Jul 16 19) Kotak Pioneer Fund (Oct 31 19
Kotak Pioneer Fund - Growth Name of the Benchmark - 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Kotak India Growth Fund Series 5- Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018Kotak Bluechip Fund - Growth (Erstwhile Kotak 50) Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 04022003 Mr Harish Krishnan has been managing the fund since 15112013Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Infrastructure and Economic Reform Fund - Growth Name of the Benchmark - India Infrastructure Index (Customised Index by IISL) Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 31012015
107
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Pioneer Fund - Growth 5550 4230 NA NA NA NA 3678 2467
Kotak India Growth Fund - Series 5 - Growth 4661 3224 NA NA NA NA 1389 1146
Kotak Bluechip Fund - Growth 3007 3137 1181 1288 1575 1729 1967 1722
Bottom 3
Kotak Infrastructure and Economic Reform Fund -Growth
2940 3064 405 243 1332 1089 719 133
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Other Funds Managed by Mr Abhishek Bisen
Mr Abhishek Bisen manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Hybrid Fund (Nov 05 2014) Kotak Debt Hybrid Fund (Dec 02 03) Kotak Bond Fund (Regular Plan) (Apr 15 08) Kotak Gilt Fund (Regular amp PF-Trust) (Dec 29 98) Kotak Equity Savings Fund (Oct 13 14) Kotak Gold ETF (Jul 27 07) Kotak Gold Fund (Mar 25 11) Kotak Balanced Advantage Fund (Aug 03 18)
Kotak Gold Fund - Growth Name of the Benchmark - Price of Gold Scheme Inception date is 25032011 Mr Abhishek Bisen has been managing the fund since 04032011Kotak Gold ETF Name of the Benchmark - Price of Gold Scheme Inception date is 27072007 Mr Abhishek Bisen has been managing the fund since 15042008 amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Equity Hybrid Fund - Growth (Erstwhile Kotak Balance) Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 and Kotak Equity Hybrid Fund - Regular plan scheme inception date is 3rd November 2014 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008Kotak Bond Fund - Growth Name of the Benchmark - NIFTY Medium to Long Duration Debt Index Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Balanced Advantage Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 5050 Index Scheme Inception date is 03082018 Mr Abhishek Bisen amp Mr Harish Krishnan has been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019
108
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Kotak Balanced Advantage Fund - Growth1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth1314 963 790 704 934 816 837 719
Bottom 3
Kotak Gold Fund - Growth 741 765 1445 1467 887 860 671 815
Kotak Gold ETF 710 765 1380 1467 764 860 1178 1290
Kotak Bond Fund - Growth 672 765 879 912 800 859 878 NA
Other Funds Managed by Mr Devender Singhal
Mr Devender Singhal manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak DebtHybrid Fund - Growth (Dec 02 03) Kotak India Growth Fund Series-4 (Feb 14 18) Kotak NV20 ETF (Dec 01 15) Kotak Banking ETF (Dec 10 14) Kotak Sensex ETF (Jun 06 08) Kotak Asset AllocatorFund (Aug 09 04) Kotak PSU Bank ETF (Nov 08 07) Kotak Nifty ETF (Feb 02 10)
Kotak India Growth Fund - Series 4 - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 14022018 Mr Devender Singhal has been managing the fund since 24012019Kotak NV20 ETF - Name of the Benchmark Nifty 50 Value 20 TRI Scheme Inception date is 01122015 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Sensex ETF Name of the Benchmark - SampP BSE SENSEX TRI Scheme Inception date is 06062008 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Nifty ETF Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 02022010 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Banking ETF Name of the Benchmark - Nifty Bank TRI Scheme Inception date is 10122014 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak PSU Bank ETF - Name of the Benchmark Nifty PSU Bank TRI Scheme Inception date is 08112007 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019
109
Scheme Name
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak India Growth Fund - Series 4 -Growth
6667 3224 1471 1135 NA NA 1462 1173
Kotak NV20 ETF 3937 4355 1526 1660 1902 2002 1643 1620
Kotak Nifty ETF 3078 3137 1261 1288 1647 1729 1044 1181
Bottom 3
Kotak Sensex ETF 2955 3000 1390 1422 1696 1789 982 1097
Kotak PSU Bank ETF 2203 2303 -876 -807 248 359 -163 -014
Kotak Banking ETF 1749 1948 1108 1183 2008 2068 1087 1132
Fund Type of Scheme
Kotak Equity Opportunities Fund Large amp Mid Cap Fund - An open ended equity scheme investing in both large cap and mid cap stocks
Kotak Small Cap Fund Small cap fund - An open-ended equity scheme predominantly investing in small cap stocks
Kotak Emerging Equity Fund Mid Cap Fund - An open ended equity scheme predominantly investing in mid cap stocks
Kotak Tax Saver Fund An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
Kotak Balanced Advantage Fund Open ended Dynamic Asset Allocation Fund
Kotak Pioneer Fund An open ended equity scheme investing in pioneering innovations theme
Kotak India EQ Contra Fund An open-ended equity scheme following contrarian investment strategy
Kotak Debt Hybrid Fund An open ended hybrid scheme investing predominantly in debt instruments
Kotak Bluechip Fund Large cap fund - An open-ended equity scheme predominantly investing in large cap stocks
Kotak Asset Allocator FundAn open ended fund of fund scheme investing in specified open-ended equity and debt Schemes of Kotak Mahindra
Mutual Fund
Kotak Equity Arbitrage Fund An open ended scheme investing in arbitrage opportunities
Kotak Equity Savings Fund An open ended scheme investing in equity arbitrage and debt
Kotak Flexicap Fund Flexicap Fund - An open ended dynamic equity scheme investing across large cap mid cap small cap stocks
Kotak Focused Equity Fund An open ended equity scheme investing in maximum 30 stocks in large-cap mid-cap and small-cap category
Kotak Floating Rate Fund An open ended debt scheme predominantly investing in floating rate instruments
Kotak Equity Hybrid Fund An open-ended hybrid scheme investing predominantly in equity and equity related instruments
Kotak International REIT FoFAn open ended fund of fund scheme investing in units of SMAM ASIA REIT Sub Trust fund andor other similar overseas
REIT funds
Kotak ESG Opportunities FundAn open ended equity scheme which follows the Environment Social and Governance (ESG) theme with flexibility of
investing across market capitalization 110
Fund Type of Scheme
Kotak Overnight Fund An open ended debt scheme investing in overnight securities
Kotak Gilt Fund An open ended debt scheme investing in government securities across maturity
Kotak Money Market Fund An open ended debt scheme investing in money market instruments
Kotak Savings Fund An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months
Kotak Bond Short Term Fund An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years
Kotak Corporate Bond Fund An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds
Kotak Credit Risk Fund An open ended debt scheme predominantly investing in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds)
Kotak Banking amp PSU Debt Fund An open ended debt scheme predominantly investing in Debt instruments of banks Public Sector Undertakings Public Financial Institutions and Municipal Bonds
Kotak Liquid Fund An open ended liquid scheme
Kotak Low Duration Fund An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months
Kotak Medium Term Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years
Kotak Dynamic Bond Fund An open ended dynamic debt scheme investing across duration
Kotak Bond Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years
Kotak India Growth Fund Series 5
Multicap Fund - A 1099 days close ended equity scheme investing across large cap midcap and small cap stocks
Kotak India Growth Fund Series 4
Multicap Fund - A 36 months close ended equity scheme investing across large cap midcap and small cap stocks
Kotak Infrastructure amp Economic Reform Fund
An open ended equity scheme following Infrastructure amp Economic Reform theme
111
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 112
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 113
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 114
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 115
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 116
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector biasKotak India Growth Series 4
Kotak India Growth Series 5bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector bias
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 117
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 118
Kotak Liquid Fund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Thank You
Stay Safe Stay Healthy and Stay Invested
119
Headlines In Feb 21
13
Source Business Today
Source Bloomberg Quint
Updated on Feb 09 2021 0701 PM IST
Headlines In Feb 21
14
Source Business Standard
Source Bloomberg Quint
Company Registration Jumps 21 in April ndash Decrsquo20
15Source MCA
Sharp growth was due to the progression of smaller firms and LLPs towards forming companies as growth picked up along with improved facilitation through digital services
Indiarsquos Debt To GDP VS Major Economies
16Source Economic Survey 2020-21
Indiarsquos Public Debt To GDP Has Been Significantly Low Compared To Other Countries
Governmentrsquos Reform Momentum To Bolster Potential Growth
17Source Elara Securities
18
V Shaped Recovery
Source HIS Markit Bloomberg Index reading above 50 signals growth Score is generated on the three-month weighted averages of the indicators against the past thirty months of historical data
Domestic and overseas demand hold up for Indian companies
Nomura India Business Resumption Index Is Almost At Pre-Pandemic Levels
19
The resurgence of COVID-19 could represent a downside risk
Source Google Apple CMIE Bloomberg and Nomura Global Economics
PLI Schemes Can Add 16 To FY27 GDP amp Encourage Domestic Industry
Source RAVE Credit Suisseestimates 20
Real Estate Should Support Economic Recovery
Source The BLOOMBERG PROFESSIONALTM service Credit Suisse estimates
Mortgage rates have fallen to record lowsAffordability levels at all-time high
Source SBI HDFC Jefferies 21
Budget Aims For Ambitious Infra Spending In FY22
22
Budget has laid ambitious target for FY22 spending Infrastructure capex allocation for FY22 is steep execution key
Source Budget Elara Securities Research
Risk
23
Covid 19 Isnrsquot Yet Over
24Source Times of India
Upside Risks To Inflation Remain
25
Source CEIC UBS
RBI Survey Indicates Confidence Still Lagging
26Source RBI
Unemployment is Down but Income
27
CMIE Series of Unemployment unemployment rate (UER) (gt=15)
Unemployment Rate 30 day moving average ()
Unemployment Rate01 Mar 2021
Source CMIEcom
Equity Markets
28
Sare Jahan Se Acha Hindustan Hamara
Source Axis Capital29
-240
-168
-79
-72
-56
-26
-18
39
266(USD bn)
12 MONTHS FPI FLO W (Feb20 to Feb21)
India
Brazil
Indonesia
Philippines
Malaysia
South Africa
Thailand
Taiwan
South Korea
Source Bloomberg Axis Capital As on 28th February 2021 Past Performance may or may not sustain in the future
Performance Across Market Cap
Performance as on 28th Feb 2021 Sectoral Performance CY20 YTD ()
66
113 122
297
386 418
115
58
(12)
156 151 130
105 122
92
(10)
0
10
20
30
40
50
Nifty-50 Nifty Midcap 100 NSE SmallCap 100
1m returns 1y returns 3 yr CAGR 5 yr CAGR 10 yr CAGR
14
12
4
17
11 11 11 11
8
65
0
-1
-5
-8
Sma
llcap
10
0
Mid
cap
100
NIF
TY
50
Me
tals
Rea
lty
Ban
k
Ener
gy
Au
to
Pri
vate
Ban
ks
Fin
anci
als
Secv
ice
s
IT S
erv
ice
s
Me
dia
FMC
G
Ph
arm
a
30
Bumper Results for Dec 20 Quarter
31
Source MOSL Research
193 Cos Actual Expected
Sales 0 -2
EBITDA 19 15
PBT 33 20
PAT 31 17
NIFTY 50 Cos Actual Expected
Sales -1 -2
EBITDA 15 10
PBT 23 9
PAT 22 7
Significant Profit Pool Expansion Seen In PSU Banks Cement Auto And Auto Ancillary And Metals
32
Source ICICI Securities Internal Analysis Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
Profit Growth By Sectors
Nifty Earnings Are Expected To Accelerate Sharply Over Next Two Years
33Source NSE Company data IIFL Research Note Based on IIFL estimates
236 285 310 333
372 402 404 386
418 414
483 457 508
685
796
(41)
207
89 74
117
81
05
(45)
83
(10)
167
(54)
111
349
163
(10)
(5)
0
5
10
15
20
25
30
35
40
0
100
200
300
400
500
600
700
800
900
FY0
9
FY1
0
FY1
1
FY1
2
FY1
3
FY1
4
FY1
5
FY1
6
FY1
7
FY1
8
FY1
9
FY2
0
FY2
1ii
FY2
2ii
FY2
3ii
Rs (LHS) YoY (RHS)
Nifty EPS
Valuation Wise ndash Neutral Weight Momentum Wise - Overweight
Neutral weight doesnt mean selling equity It means profitbooking on excess position
34
Market Cap-to-GDP Ratio ndash Above Long Term Average
Market cap-to-GDP ratio Market rebound brings ratio above long term average
OW Equities =Ratio Below Historical Lows Neutral Equities = Ratio at Historical Average
Source Motilal Oswal 35
52
82 83
103
55
95
88
71
64 66
81
69
7983
79
56
104
FY05
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19
FY20
FY21
E
Average of 75 for the period
Valuations Are At The Higher End Of Fair Value
NIFTY PE (x) - 1 Year Forward NIFTY PB (x) - 1 Year Forward
Source Motilal Oswal36
207
8
13
18
23
28
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 179x
31
15
23
30
38
45
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 27x
37
Valuations Above Long Term Average
Source FactSet Kotak Institutional Equities Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
1 Year Forward Sector PE Current 10y Average Premium(discount)
Automobiles 232 158 469Energy 158 110 431Cement 303 219 387
Consumer Discretionary 590 425 387Technology 236 177 331Industrials 250 201 246
Pharmaceuticals 243 222 94Consumers 348 318 94
Metals 93 103 -94Utilities 80 110 -276
Consumer ex ITC 507 394 285Automobiles ex Tata Motors 228 185 231Energy ex Reliance Industries 80 90 -117
1 Year Forward Sector PB Current 10y Average Premium(discount)
Pvt banks 28 25 126PSU banks 10 11 -61
Earnings Are Increasing
38Source Bloomberg
QuarterReported PAT for NSE 500
Rs in CroreAnnualised PAT on Dec 20
Dec 19 122235
Mar 20 53406
June 20 32400
Sept 20 176786 707144
Dec 20 209795 839180
TTM 472387
Market Cap (280221) 18850128
PE Ratio 399 225
Highest Ever Quarterly Profit by India Inc
Valuations Are Not As Perceived
39
Company
PE
FY20Q1FY21
(Annualised)Q2FY21
(Annualised)Q3FY21 (Annualised) FY22E
Shree Cement 634 648 439 383 358
Ultra tech Cement 488 484 375 292 321
Mindtree 397 311 261 203 191
Asian Paints 814 2567 663 447 613
Persistent Systems 378 357 315 265 239
Hero Motocorp 190 2782 181 159 183
Bajaj Auto 223 537 249 182 202
Source Company data Kotak estimates Stocks mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of aninvestment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
The data for FY20 Q1Q2Q3 are actuals (annualised in the quarters) while FY22 is estimates
High Nifty Valuations Conceals the bargain opportunities in select Quality stocks
40Source ICICI Securities Internal Analysis
Adjusted PE Shows The True Valuation
Time To Be Neutral Weight To Equities
Marginally OW Small and Midcap
Marginally UW Large cap
Neutral Weight Equity
41
SIP has performed well
42
Patience Pays Off in SIPKotak Emerging Equity Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty Midcap 100 TRI is the benchmark for Kotak Emerging Equity FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund
43
Kotak Emerging Equity Fund Feb-19 Feb-20 Feb-21
10 Yr 1630 1567 1943
7 Yr 1636 1506 1745
5 yr 1024 889 1807
3 yr 324 526 2647
1 yr -984 1316 9422
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1239 991 1480
7 Yr 1212 867 1370
5 yr 736 317 1440
3 yr 079 -333 2237
1 yr -1572 -097 9753
Patience Pays Off in SIPKotak Tax Saver Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 500 TRI is the benchmark for Kotak Tax Saver FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculatingreturn on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting fromthe beginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer todisclaimer slides for scheme information and detailed performance of the fund
44
Kotak Tax Saver Fund Feb-19 Feb-20 Feb-21
10 Yr 1192 1159 1450
7 Yr 1227 1163 1406
5 yr 924 846 1511
3 yr 631 574 2027
1 yr -093 480 6660
Nifty 500 TRI Feb-19 Feb-20 Feb-21
10 Yr 1138 992 1387
7 Yr 1163 916 1367
5 yr 903 658 1525
3 yr 732 201 1992
1 yr -456 -397 7206
Patience Pays Off in SIPKotak Equity Opportunities Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021Returns are for regular plan Nifty 200 TRI is the benchmark for Kotak Equity Opportunities FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund 45
Kotak Equity Opportunities Fund Feb-19 Feb-20 Feb-21
10 Yr 1277 1242 1526
7 Yr 1281 1192 1443
5 yr 923 885 1540
3 yr 576 582 2067
1 yr -313 720 6502
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1140 992 1368
7 Yr 1165 915 1351
5 yr 931 686 1514
3 yr 822 256 1931
1 yr -274 -478 6874
46
Patience Pays Off in SIPKotak Bluechip Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 50 TRI is the benchmark for Kotak Bluechip FundDisclaimer SIP is an optional feature offered by Kotak Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mutual Past performance may or maynot be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating return on investmentsgiven an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from the beginning of thesubsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides forscheme information and detailed performance of the fund
Kotak Bluechip Fund Feb-19 Feb-20 Feb-21
10 Yr 1078 1016 1354
7 Yr 1064 940 1319
5 yr 758 678 1479
3 yr 539 435 2006
1 yr -282 108 6528
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1108 979 1341
7 Yr 1130 918 1364
5 yr 958 772 1570
3 yr 989 429 1947
1 yr 112 -515 6633
47
Equity Investment Opportunity
48
Kotak Pioneer Fund
India Basketbull Approx 80 of portfolio invested in 35 businesses
in India
bull Digital ecosystems
bull China + strategy for manufacturing
bull Consumer discretionary
bull Healthcare
bull Chemicals
bull Fintech
bull Materials
bull Investing in a global fund with a similar pioneering theme ndash CI SignatureTechnology Fund
bull Much more than FANGM (Facebook Amazon Netflix Google Microsoft)
bull FANGM investment less than 5 of CI Signature Technology Fund as on Jan2021
bull Investments in decentralized finance payments ecommercesemiconductor urban transport social media etc
bull The international diversification ndash hedge against the domestic businesscycle and potential of INR depreciation against the USD over the mediumterm
Companies that use technology through process for enduring competitive advantage
International Diversification
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
1 YearSince
Inception(31102019)
Kotak Pioneer Fund - Regular Plan 5550 3678
Benchmark 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI 4230 2467
Nifty 50 TRI 3137 1752
Less than equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
49
Kotak Small Cap Fund
bull Kotak Small Cap Fund Identifies the hidden growth potential of small cap sized companies
bull The essence is to spot them young and watch them grow
bull Kotak Small Cap Fund focus on investing in quality businesses with strong competitive edge run by great management generating high return on capital amp offering sustainable growth with high market potential and available at reasonable valuations
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Scheme Name 1 Year 3 Year 5 Year 7 Year 10 year
Kotak Small Cap Fund - Reg - Growth 5207 1309 2037 2233 1777
Nifty Smallcap 100 TRI 4344 -017 1412 1488 1045
Healthy growth in Revenue EBITDA and PAT in investee companies in the aftermath of COVID 19 ( Q3FY21)
Sales Growth YoY EBITDA Growth YoY PAT Growth YoY
Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21
Kotak Small Cap Fund -243 53 167 173 262 312 -163 311 338
Kotak Asset Allocator Fund ndash An Effective Asset Allocation Medium To Ride The Market
PeriodKotak Asset Allocator
Fund - GrowthNIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1578 1221 1722
Last 5 Year 1464 1355 1729
Last 3 Years 1462 1199 1288
Last 1 Years 2928 2142 3137
Past performance may or may not be sustained in the future Inception date is as of Aug 09 2004
Mutual Fund investments are subject to market risks read all scheme related documentscarefullySource ICRA As on 28th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Return Profile
bull Higher Flexibility of allocation (0-100 in Equities)bull Current equity allocation is 37
50
51
Debt Investors With Marginal Appetite For Equity Can Consider Investment In Kotak Debt Hybrid Fund
bull Fixed income component at ~75 amp above This keeps the volatility low amp relatively marginal level
bull Equity exposure at 25 or less allows the investor to obtain the flavor of equity play without significant risk to capital
bull SWP can be utilized to meet ldquotax efficientrdquo income requirements of the investor
Source ICRA As on 26th Feb 2021 Industry data is from AMFI and Kotak Debt Hybrid data is from CAMS Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Please consult your tax advisor for further details
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Benchmark Crisil Hybrid 85+15 ndash ConservativeIndex
Net Aum flows in Rs Crs over last 12 months()
As on 31st Jan 2021
885
-15540 -14655
Kotak Debt Hybrid Others Total
Time HorizonKotak Debt Hybrid
Fund Nifty 50 TRI Benchmark
1 Year 1502 3137 1166
2 Years 1329 1742 1206
3 Years 923 1288 1010
5 Years 1046 1729 1030
52
Shift Money To Alpha Generating Large Caps
7 Years 5 Years 3 Years 1 Year
Kotak Bluechip Fund ndash Direct Plan 1655 1694 1272 2655
Nifty 50 TRI 1423 1712 1254 2583
bull Kotak Bluechip Fund is flexible in its large cap themes rather than being rigid in different market scenarios
bull It continues to focus on businesses with favourable supply side dynamics
bull Also focuses on capital efficiency with a reasonable track-record of capitalizing on various opportunities
bull There are broadly 4 sub-themes that fund captures now namely Financial Savings Moving from Lockdown to Unlock Consumer Demand amp Global Business
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than 1 year Absolute returns Greater than 1 year Compound Annualized returnsPast performance may or may not be sustained in the future Direct Growth option Inception Date is 1st Jan 2013 (Regular Plan Dividend Option InceptionDate Dec 29 1998)
Should We Invest In Gold
53
Gold
bull We have highlighted risk of import duty being reduced to our gold call
bull The same has played out in this budget as import duty rationalised from 125 to 10 ( 75 Import Duty Plus Agriculture Cess )
bull If the import duty is reduced further to that extent there will be a drop in Rupee Gold prices instantly
bull Subject to that volatility we remain bullish Gold on a longer term basis
bull Gold has corrected in recent times for accumulation
Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before
acting on any information in this communication54
Active VS Passive Funds in Alpha Generation
55
56
Index Funds Underperforms Index
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documentscarefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance ampscheme information of the fund
Fund Category 1 Year 3 Year 5 Year
SampP BSE Sensex TRI 2990 1420 1790
Category Average 2866 1328 1684
Alpha-124 -092 -106
Fund Category 1 Year 3 Year 5 Year
Nifty 50 TRI3130 1290 1730
Category Average 3019 1193 1606
Alpha-111 -097 -124
Less than 1 year Absolute returns Greater than 1 year CAGR
Active Funds Can Give Alpha
bull Active funds canrsquot take more than 10instocks
bull Fund has to keep Cash to meetredemptions
bull Index changes stocks at the closing price with no impact cost
bull Globally Total Return Index is compared with funds gross return ie expenses are added back to performance In India TRI is compared with net return of the fund
bull In Insurance for eg they comparegross return with PRI In MF wecompare TRI with net return
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
57
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years()
Kotak Infrastructure amp Economic Reform Fund - Dir - Growth
3092 538 157 1841
India Infrastructure Index (Customised Index by IISL)
3064 243 1089 895
Alpha 028 295 481 946
Kotak Small Cap Fund - Dir - Growth 5427 1462 2281 2399
Nifty Smallcap 100 TRI 4344 -017 1512 1488
Alpha 1083 1479 769 911
Kotak Emerging Equity Fund - Dir - Growth 3842 1345 2235 2493
Nifty Midcap 100 TRI 3985 679 1739 1814
Alpha -143 666 496 679
Kotak Flexicap Fund - Dir - Growth 2614 1192 1969 1905
Nifty 200 TRI 3214 1135 1826 1498
Alpha -60 057 143 407
Kotak Equity Opportunities Fund - Dir -Growth
2915 1284 2035 1869
Nifty 200 TRI 3214 1135 1826 1498
Alpha -299 149 209 371
Kotak Tax Saver Fund - Dir - Growth 2841 1353 1996 1889
Nifty 500 TRI 3337 1086 1836 1539
Alpha -496 267 16 35
Less than 1 year Absolute returns Greater than 1 year CAGR
58
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years
Kotak India EQ Contra Fund - Dir - Growth 3288 1444 2107 1711
Nifty 100 TRI 311 1191 1826 1468
Alpha 178 253 281 243
Kotak Bluechip Fund - Dir - Growth 315 1307 1812 1644
Nifty 50 TRI 3127 1288 1837 1414
Alpha 023 019 -025 23
Kotak India Growth Fund - Series IV - Dir - Growth 6903 1602 - -
Nifty 200 TRI 3214 1135 - -
Alpha 3689 467 - -
Kotak Pioneer Fund - Dir - Growth 5808 - - -
85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI
423 - - -
Alpha 1578 - - -
Kotak India Growth Fund - Series V - Dir - Growth 4674 - - -
Nifty 200 TRI 3214 - - -
Alpha 146 - - -
Active Funds Can Give Alpha
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
Less than 1 year Absolute returns Greater than 1 year CAGR
Our Funds Have Bounced From The Bottom
Source MFI Explorer As on 26th February 2021 Past performance may or may not sustain in the future Please consult your financial advisor orother professionals before acting on any information in thiscommunication Please refer to the disclaimer slides for scheme information
59
554
791840 853 855 864 906
9551001
12281308
Kotak BalancedAdvantage
Fund
Kotak EquityHybrid Fund
Kotak FlexicapFund
Kotak Tax SaverFund
Kotak EquityOpportunities
Fund
Kotak FocusedEquity Fund
Kotak BluechipFund
Kotak India EQContra Fund
Kotak EmergingEquity Fund
Kotak PioneerFund
Kotak SmallCap Fund
change in NAV of our funds when Nifty 50 was ~7610 (From 23rd Mar 2020 till 26th Feb 2021)
Regular growth Plans performance
Debt Market Outlook
March 2021
60
61
Source Bloomberg
Liquidity is Here To StayMarket may have misread RBI Signal
-9000
-8000
-7000
-6000
-5000
-4000
-3000
-2000
-1000
0
1000
5
55
6
65
7
75
Jun
-19
Jul-
19
Au
g-1
9
Sep
-19
Oct
-19
No
v-1
9
Dec
-19
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
India 10-Year Bond Yield (LHS)
India Banking System Liquidity (RHS)
INR Bn
bull Overnight rates will remain anchored at Reverse Repo rates longer than what market is pricing in bull RBI aims to normalize CRR in the near-term The CRR normalisation opens up space for a variety of market operations to inject
additional liquidity which may induce curve flattening
62
Fear of Liquidity Withdrawal Spooked The Mid-To-Long End (~2-7years) of The Curve
bull Yield Curve is now pricing in more negatives ndash liquidity tightening rate hikes etc
bull Yields have moved up across the curve especially mid to long end of the yield curve
Source Bloomberg
3
4
5
6
7
8
3M 6M 1Y 2Y 3Y 4Y 5Y 6Y 7Y 8Y 10Y 11Y 12Y 13Y 14Y 15Y 23Y 30Y 40Y
India Sovereign Curve ()
01-Mar-21 31-Dec-20 30-Jun-20
Opportunity of value creation exists in the longer end of the curve
The current yield curve is too steep enhancing the case to chase the carry in fixed income as opposed to capital gains
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
FII Activity in Debt Market
Source Axis Capital
USD Mn
63
(1494)
381
(8680)
(1434)
(2695)
402
(534)(142)
471 520 191 1080
(740) (391)
(10500)
(9000)
(7500)
(6000)
(4500)
(3000)
(1500)
0
1500
3000
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
Source MOSPI ICRASource Bloomberg RBI Internal Research Morgan Stanley Research
406
530
00
10
20
30
40
50
60
70
80
Mar
-15
May
-15
Jul-
15
Sep
-15
No
v-1
5
Jan
-16
Mar
-16
May
-16
Jul-
16
Sep
-16
No
v-1
6
Jan
-17
Mar
-17
May
-17
Jul-
17
Sep
-17
No
v-1
7
Jan
-18
Mar
-18
May
-18
Jul-
18
Sep
-18
No
v-1
8
Jan
-19
Mar
-19
May
-19
Jul-
19
Sep
-19
No
v-1
9
Jan
-20
Mar
-20
May
-20
Jul-
20
Sep
-20
No
v-2
0
Jan
-21
CPI Core CPI
Headline Inflation To Remain Range-bound Though Marginally Above The 4 Mark In The Near Term
bull We expect a prolonged pause from the MPC in FY22 and an accommodative stance until late FY22 at least
CPI is still likely to be above the medium-term target of 4 for most of H1-FY22 further rate cuts appear unlikely unless the economic environment worsens significantly
64
65
RBI Remains Committed on OMOOperation Twist To Fund Govt Borrowing
FY 21 (RE) FY 22 (BE)
Gross Market Borrowing 1279788 1205708
Source indiabudgetgovin Internal Estimates BE is Budgetary estimates RE is revised Estimates
(in Rs Crores)
INR 75000 cr OMOOperation Twist already done post budget borrowing announcement
Source CNBC
SDL Spreads Close To Peak Levels Attractive in Terms of Valuation
10yr Central Govt Gilt Yields vs 10yr SDL Yields
Source RBI Jefferies66
Current Spreads Look Attractive For Long Term Investors
Source Bloomberg Citi Research
Spread between 10year Gilt and 1year Gilt Yield MPCrsquos Focus on Term Premia Is Likely To Prevent Imminent Sharp Rise In Bond Yields
Incremental Spreads in 10 Year provides a good cushion to shocks
67
211
0
50
100
150
200
250
300
Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21
Case For Carry Corporate Bond Spreads Show Attractive Valuation Opportunity
Source Bloomberg Jefferies
Corporate AAA Bond Yield ()
68
444
558
3
35
4
45
5
55
6
65
7
75
Mar
-hellip
Ap
r-2
0
May
-hellip
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
1 Year AAA Corporate Bond
3 Year AAA Corporate Bond
450
500
550
600
650
700
750
800
850
1Y 2Y 3Y 4Y 5Y 7Y 10Y
01-Mar-21 29-Jan-21 31-Dec-19
India Corporate Bond Curve
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
69
Market Is Pricing In More Negative News
NABARD Yield Incremental Yield
adjusted for holding period
Protection for Rise in 10 yrNabard (bps)
Breakeven level10 yr Nabard
A 1 yr 425 After 1 yr
10 yr 715 29 051 766
B 2 yr 505 After 2 yr
10 yr 715 21+21=42 084 799
C 3 yr 56 After 3 yr
10 yr 715 155+155+155=455 103 818
Assuming investment HTM in short bonds for respective holding periods Adjusted is incremental yield for 2 yrmultiplied by 2 and 3 yr by 3
Source Internal Analysis The above illustration is not an indication of our portfolio
Debt Outlook
70
bull Liquidity is here to stay much longer than what market is fearing
bull Overnight rates are expected to gradually trend higher as normalisation of rates take place over the course of next 1 year
bull Fear of Liquidity withdrawal has led to sharp spike in OIS- swap yields in 1 yr at 392 and 2 yr at 435 this effectively means forward curve is pricing in almost 3 rate hikes of 25 bp each in Repo rate for the seller of the 2 yr swap to break even In our opinion is too soon and more than what the fundamental situation can justify purely based on inflation outlook
bull Inspite of the recent spike in crude oil prices average headline inflation for FY 22 is in the band of 5-525
bull With comfort on inflation reduction in gold imports stable to appreciating INR (High Fx reserves)We believe RBI will maintain a status quo along with its accommodative stance as there is no big urgency to rush for rate hikes
bull RBI while not giving OMO calendar is actually done decent amount of OMO till now and remain committed for more As the System isflush with liquidity and FX flows coming RBI is constrained to conduct aggressive OMO and add liquidity As the CRR cut reversal announced earlier will take out about 16 lac cr worth liquidity will increase the ability of the RBI to conduct outright OMO vs OT which will be more positive the long bonds
bull For investors it is best to stick to intended investment horizons as volatility would continue to be order of the day
bull Duration investors with appetite for volatility can look to invest in the Gilt Bond and Dynamic Bond Funds space
bull Investors looking for relatively higher YTM can consider Floating rate Fund Medium-Term Fund and Credit Risk Fund segment
bull Investors should stay invested across fixed income strategies ndash as ldquocarryrdquo assumes significance over ldquocapital gainsrdquo
Debt Investment Opportunity
71
Debt Funds Have Generated Good Returns For The Patient Investors
Source MFi Explorer Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to disclaimer slides for detailed performance and scheme information of the funds 72
Fund Name 3 Year Returns of Fund () (CAGR)
Kotak Gilt Fund 980
Kotak Dynamic Bond Fund 921
Kotak Banking and PSU Debt Fund 894
Kotak Bond Fund 879
Kotak Corporate Bond Fund 838
Kotak Bond Short Term Fund 815
Kotak Credit Risk Fund 702
Kotak Medium Term Fund 650
73
Kotak Dynamic Bond Fund Has Outperformed Over Long-Term Since 2018
928
600
650
700
750
800
850
900
950
1000
1050
Feb
-18
Ap
r-1
8
May
-18
Jul-
18
Au
g-1
8
Sep
-18
No
v-1
8
Dec
-18
Jan
-19
Mar
-19
Ap
r-1
9
Jun
-19
Jul-
19
Au
g-1
9
Oct
-19
No
v-1
9
Jan
-20
Feb
-20
Mar
-20
May
-20
Jun
-20
Jul-
20
Sep
-20
Oct
-20
Dec
-20
Jan
-21
Feb
-21
Rolling Returns()
Kotak Dynamic Bond Fund - Reg - Growth NIFTY Composite Debt Index
915
Credit funds carry credit risk and duration dynamic funds carry interest rate risk
Hence our advice to IFA distributors is that they allocate clients money in both dynamic and accrual funds from a 3 year perspective
Source ICRA As on 26th February 2021 The above returns is daily rolling returns for last 36months Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please refer to the disclaimer slides for detailed performance of the fund
Kotak Medium Term Fund
Fund YTM (As on 26 Feb 2021) Respective Segment YieldsIncremental Earnings
(Spread)
Kotak Medium Term Fund 699 3 Year AA 574 125
Source Bloomberg Data as on 26-Feb-2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for performance details amp scheme information
Mutual fund investment are subject to market risks read all scheme related documents carefully
26-Feb-2021 Average Maturity (Years) Modified Duration (Years) Macaulay Duration (Years)
378 263 281
bull Duration of the fund has come down as we expect normalisation of rates to take place over the course of next 1 year We see merit in running lower duration in Medium Term Fund
bull We believe Kotak Medium Term fund is a reasonably attractive investment option for investors with minimum 1 year investment horizon
74
Attractive Yields Across The Segment
Source Bloomberg Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for scheme details
Mutual fund investment are subject to market risks read all scheme related documents carefully 75
458
699 699
389
638 638
0
1
2
3
4
5
6
7
8
Kotak Low Duration Fund Kotak Credit Risk Fund Kotak Medium Term Fund
YTM () (As on 26 Feb 21) Respective Segment Yields ()
1 Year OIS
3 Year AA
3 Year AA
Incremental Spread 069
Incremental Spread 061
Incremental Spread 061
Distributor Engagement
76
Prostart ndash Video Learning Platform
1FINANCIAL PLANNING (10 VIDEOS)
2SOCIAL MEDIA MARKETING (14 VIDEOS)
3UNDERSTANDING RISK IN MFrsquoS (5 VIDEOS)
4TAXATION IN MFrsquoS (2 VIDEOS)
5NEW NORMAL (1 VIDEOS)
6MAXIMIZING DIGITAL CONNECTIONS (2 VIDEOS)
7HANDLING INVESTOR EMOTIONS (4 VIDEOS)
8ACQUIRING NEW CLIENTS (3 VIDEOS)
9THE NEXT WAVE (3 VIDEOS)
77
Over 25000 Participants
have viewed these Videos (Till Feb 2021)
Testimonials
ldquoGood Initiative developed by Kotak MF to enhance knowledge amp practical approach for MFDsrdquo -Md Qaise Ghazali
ldquoVery Knowledgeable Thank You Kotak MF Teamrdquo ndashVikas Jain
10DEBT DEMYSTIFIED (12 VIDEOS)
78
Business Dashboard
Transaction History
Distributor Initiated Transaction
Capital Gain and Account Statement
Prostart
Business Hub
More than 13574 IFArsquos are actively using Business Hub
Dont miss out on the benefits of Business Hub
Co-branding Marketing Material
Business opportunities
Stay Updated Follow us at Kotak Mutual Fund Click here to visit our YouTube Channel
How To Boost Business Using Business Hub
Product Video ndash Now Available In Different Languages
Kotak Bluechip Fund
Debt Market Outlook ndash March 2021
Kotak NASDAQ-100 FOF
How to make money through equity asset allocation (English)
Equity Market Outlook ndash March 2021
HindiGujaratiMarathiTeluguKannadaTamilMalayalamBengali
English ndash Mr Arjun Khanna amp Ms Lakshmi Iyer amp Mr Harsha Upadhyaya
Hindi - Mr Arjun Khanna
79
80
Please Follow Like And Share Kotak Mutual Fundrsquos Official Social Media Pages For Regular Updates
Twitter - KotakMF - httpstwittercomKotakMF
Facebook - KotakMF - httpsfacebookcomKotakMF
YouTube - Kotak Mutual Fund - httpswwwyoutubecomcKotakMutualFundOfficial
Instagram - Kotak Mutual Fund - httpsinstagramcomkotakmfigshid=kr86qg3u973n
LinkedIn - Kotak Mutual Fund - httpswwwlinkedincomcompanykotak-mutual-fund
ANNEXURES
81
Kotak MF Mantra lsquoReturn of Capitalrsquo is more important
Strong Promoters Cashflow backed business Liquidity and Asset Security are key to our investment ideas
82
Rating amp Category Breakup Across Kotak MF Open-Ended Debt Funds
Data As on 26 Feb 2021
We follow our investment process of focussing on credit quality and liquidity profile of our debt funds and maintain high degree of transparency for investors
Please consult your financial advisor or other professionals before acting on any information in this communication
It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Mutual fund investments are subject to market risks read all scheme related documents carefully
Feb-21 April-20
Credit Rating of Open-Ended Debt Funds of Total AUM of Total AUM
TbillG-SecSDLAAAA1+Cash 9393 9281
AA+ 228 165
AA 248 290
AA- 087 142
Below AA- 043 122
Grand Total (AUM) (INR Cr) 11895880 78624
The above rating allocation does not include NCA (Net Current Assets)
83
bull At Kotak MF we have zero borrowing across all our funds as on 26 Feb 2021
Mutual fund investments are subject to market risks read all scheme related documents carefully
Liquidity Position Of Kotak MF Debt Funds As said earlier our incremental allocation has gone into higher quality assets
Name of the Fund Fund Category of AUM in AAA (Long Term) or
A1+ (Short Term) Sovereign Debt Cash amp NCA (Dec 2020)
of AUM in AAA (Long Term) or A1+ (Short Term) Sovereign Debt
Cash amp NCA (Apr 2020)
Non-Credit Strategies
Kotak Liquid Fund Liquid 100 100
Kotak Money Market Fund Money Market 100 100
Kotak Corporate Bond Fund Corporate Bond 100 100
Kotak Bond Short Term Fund Short Duration 100 100
Kotak Bond Fund Medium to Long Duration 96 86
Kotak Dynamic Bond Fund Dynamic Bond 92 85
Kotak Savings Fund Ultra Short Duration 91 87
Kotak Banking and PSU Debt Fund
Banking and PSU 88 79
Kotak Low Duration Fund Low Duration 85 52
Credit Strategies
Kotak Medium Term Fund Medium Duration 63 50
Kotak Credit Risk Fund Credit Risk 36 27
As on 26 Feb 2021It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Please refer to the disclaimer slides for scheme details
The above rating allocation includes NCA (Net Current Assets)
84
Key Variables amp Their Impact On Interest Rates
Key VariablesShort Term
(3-6mo)Medium Term
(6mo-2yrs)Remarks ndash( Denotes fall in Interest Rates )
InflationHeadline CPI is expected to be in the range of 4-5 for the year Despite expansion of the fiscal deficit the quality ofspending appears to be non inflationary Inflation is unlikely to be area of problem in the year
Rupee
INR has been quite strong since last 3m curtsey strong FDI and FPI flows in equity Lat 1 yr also its marginallydepreciated We have FX reserves closes to 600 bn and given CAD and TD under control INR is expected to remain wellbid We believe in the absence of any geo political event INR is expected to be stable and shall appreciate as economicgrowth stabilizes RBI is keeping INR competitive on REER basis
Credit DemandGradually economy is opening up and Credit growth is expected to pickup as unlocking activity resumes and gains momentum post vaccination in phases However situation is fragile and this may accentuate the situation further However easy rates may help some demand pickup Till then credit growth will not impact rates negatively
Government Borrowing
Union budget has shocked the market by giving 80 extra borrowing for the current year in dated securities Next year also borrowing is on heavier side However we believe the govt RBI may have some credible plan to conduct the borrowing smoothly As the budget is non inflationary and otherwise also inflation is under control there is no reason for govt to give so high real rates hence we believe the RBI will pull some demand leveres such as index inclusion or OMO Will have to wait for MPC
RBI PolicyRbi has shown commitment in the past and there is no reason for taking the rates higher hence we believe RBI is expected to come up with some credible plan If they leave it to the market then we are headed for a tough time
Global Event RiskThe News of a Vaccine has triggered a risk-on event and lead to a sharp rally in risk asset and bonds were sold offHowever yields will look for growth which may not come in a hurry On the other hand the risk of a geopolitical eventis always open
Corporate bond SpreadWhile some green shoots seen but on an over all basis the economy is still struggling Short term spreads have seendecent compression unlikely to compress further meaningfully Long terms bonds still offer attractive spreads but likelyjust a carry trade
Debt FII flowWe have seen some traction coming in near term with revival of flows from the FPI in debt However its seems real flows will only be seen with index inclusion
Liquidity
Despite very high liquidity more than 1 yr yield is moving higher as the fear is RBI will remove accommodation sooner than later However we believe large part of the move is done 2-10 yr curve
85
Key Variables amp Their Impact On Equities
Key VariablesShort -term
Medium ndashterm
Remarks
EconomyWhile Covid-19 impacts economy there is likely to be sequential improvement as Indian economy unlocks
Corporate EarningsWhile Covid-19 impacts corporate India there is likely to be sequential improvement as Indian economy unlocks
FII FlowIndia stands out among global asset classes with prospects of strong long term growth given favorable demographics
DII Flow Long runaway of growth in financialization of savings
Supply of paperHigher disinvestment target and repair of leveraged balance sheet to create supply in markets
PolicyReform Initiative Expect improved reform momentum
Signify Growth 86
Disclaimers amp Disclosures
87
The information contained in this (document) is extracted from different public sources All reasonable care has been taken to ensure that the information contained hereinis 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 KotakMahindra Asset Management Co Ltd or any associated companies or any employee thereofWe are not soliciting any action based on this material and is for generalinformation only Investors should consult their financial advisors if in doubt about whether the product is suitable for them before investing
These materials are not intended for distribution to or use by any person in any jurisdiction where such distribution would be contrary to local law or regulation Thedistribution of this document in certain jurisdictions may be restricted or totally prohibited and accordingly persons who come into possession of this document arerequired to inform themselves about and to observe any such restrictions
Mutual Fund investments are subject to market risks read all scheme related documents carefully
Disclaimers amp Risk Factors
88
Scheme Inception date is 26052008 Mr Deepak Agrawal has been managing the fund since 25112012 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Dynamic Bond Fund As on 26 Feb 2021
Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Banking amp PSU Debt Fund As on 26 Feb 2021
89
Dec 29 1998Kotak Banking and PSU
Debt Fund - GrowthCRISIL Banking and PSU
Debt Index ALPHA CRISIL 1 Year Tbill
Kotak Banking and PSU Debt Fund - Growth
CRISIL Banking and PSU Debt Index
CRISIL 1 Year TBill
Since Inception 753 NA NA 662 50043 NA 41450
Last 1 Year 744 632 112 547 10742 10630 10546
Last 3 Years 894 868 026 665 12926 12834 12127
Last 5 Years 846 854 -008 656 15006 15064 13739
May 26 2008Kotak Dynamic Bond
Fund - GrowthNIFTY Composite Debt
Index ALPHA CRISIL 1 Year TBill
Kotak Dynamic Bond Fund - Growth
NIFTY Composite Debt Index
CRISIL 1 Year TBill
Since Inception 860 846 014 648 28659 28180 22287
Last 1 Year 685 790 -105 547 10683 10788 10546
Last 3 Years 921 934 -013 665 13022 13068 12127
Last 5 Years 912 868 044 656 15470 15161 13739
Scheme Inception date is 06032008 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Low Duration Fund As on 26 Feb 2021
Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Fund As on 26 Feb 2021
90
Mar 06 2008Kotak Low Duration
Fund - GrowthNIFTY Low Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Low Duration Fund - Growth
NIFTY Low Duration Debt Index
CRISIL 1 Year TBill
Since Inception 769 827 -058 648 26178 28053 22605
Last 1 Year 669 594 075 547 10667 10592 10546
Last 3 Years 760 723 037 665 12455 12326 12127
Last 5 Years 774 735 039 656 14514 14256 13739
Nov 25 1999Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
ALPHA CRISIL 10 Year Gilt Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 878 NA NA NA 59893 NA NA
Last 1 Year 672 765 -093 493 10670 10763 10492
Last 3 Years 879 912 -033 894 12872 12990 12927
Last 5 Years 800 859 -058 734 14692 15093 14246
Scheme Inception date is 02052002 Mr Deepak Agrawal has been managing the fund since 11072007 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Short Term Fund on 26 Feb 2021
Scheme Inception date is 21092007 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Corporate Bond Fund on 26 Feb 2021
91
May 02 2002Kotak Bond Short Term
Fund - GrowthNIFTY Short Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Bond Short Term Fund - Growth
NIFTY Short Duration Debt Index
CRISIL 1 Year TBill
Since Inception 772 793 -021 607 40606 42094 30324
Last 1 Year 720 797 -077 547 10718 10794 10546
Last 3 Years 815 828 -013 665 12648 12692 12127
Last 5 Years 785 808 -024 656 14585 14746 13739
Sep 21 2007Kotak Corporate Bond
Fund - GrowthCRISIL Corporate Bond
Composite Index ALPHA CRISIL 1 Year TBill
Kotak Corporate Bond Fund - Growth
CRISIL Corporate Bond Composite Index
CRISIL 1 Year TBill
Since Inception 818 939 -120 645 28790 33407 23163
Last 1 Year 741 793 -052 547 10739 10791 10546
Last 3 Years 838 894 -057 665 12726 12927 12127
Last 5 Years 830 885 -055 656 14898 15277 13739
Scheme Inception date is 11052010 Mr Deepak Agrawal has been managing the fund since 12042010 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Credit Risk Fund As on 26 Feb 2021
Scheme Inception date is 21032014 Mr Deepak Agrawal has been managing the fund since 22062015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Medium Term Fund As on 26 Feb 2021
92
May 11 2010Kotak Credit Risk Fund -
GrowthNIFTY Credit Risk Bond
Index ALPHA CRISIL 1 Year TBill
Kotak Credit Risk Fund -Growth
NIFTY Credit Risk Bond Index
CRISIL 1 Year TBill
Since Inception 808 930 -121 671 23159 26128 20167
Last 1 Year 455 987 -532 547 10453 10984 10546
Last 3 Years 702 900 -198 665 12253 12946 12127
Last 5 Years 755 900 -145 656 14384 15380 13739
Mar 21 2014Kotak Medium Term
Fund - GrowthNIFTY Medium Duration
Debt Index ALPHA CRISIL 10 Year Gilt
Kotak Medium Term Fund - Growth
NIFTY Medium Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 812 900 -088 826 17192 18192 17350
Last 1 Year 456 873 -417 493 10455 10871 10492
Last 3 Years 650 902 -252 894 12078 12954 12927
Last 5 Years 730 863 -133 734 14218 15121 14246
Kotak Balanced Advantage Fund Performance as on 26 Feb 2021
Scheme Inception date is 03082018 Mr Harish Krishnan Mr Abhishek Bisen have been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the periodhave been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point(PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark Alpha is difference ofscheme return with benchmark return
Kotak Debt Hybrid Fund Performance as on 26 Feb 2021
Scheme Inception date is 02122003 Mr Abhishek Bisen has been managing the fund since 01042008 Mr Devender Singhal has been managing the fund since 25082015Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (CompoundedAnnualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of SchemeBenchmark Name of Additional BenchmarkThe performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark returnTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant(PRI)The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using compositeCAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return 93
Aug 03 2018Kotak Balanced
Advantage Fund -Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA Nifty 50 TRI
Kotak Balanced Advantage Fund -
Growth
NIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1092 1167 -075 1130 13052 13281 13166
Last 1 Year 1849 2142 -292 3137 11844 12135 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Dec 02 2003Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
ALPHA CRISIL 10 Year Gilt Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
CRISIL 10 Year Gilt
Since Inception 809 855 -045 582 38280 41141 26537
Last 1 Year 1502 1166 336 493 11497 11162 10492
Last 3 Years 923 1010 -086 894 13030 13341 12927
Last 5 Years 1046 1030 017 734 16443 16319 14246
Kotak Asset Allocator Fund as on 26 Feb 2021
Scheme Inception date is 09082004 Mr Devender Singhal amp Mr Arjun Khanna has been managing the fund since 09052019 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using composite CAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return
Scheme Inception date is 29121998 Mr Abhishek Bisen has been managing the fund since 15042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Gilt Fund As on 26 Feb 2021
94
Aug 09 2004Kotak Asset Allocator
Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA SampP BSE SENSEX TRI
Kotak Asset Allocator Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index SampP BSE SENSEX TRI
Since Inception 1578 1221 357 1579 113266 67426 113398
Last 1 Year 2928 2142 786 3000 12919 12135 12990
Last 3 Years 1462 1199 262 1422 15051 14043 14894
Last 5 Years 1464 1355 109 1789 19793 18868 22764
Dec 29 1998Kotak Gilt Fund -
GrowthNIFTY All Duration G-Sec
Index ALPHA CRISIL 10 Year Gilt
Kotak Gilt Fund -Growth
NIFTY All Duration G-Sec Index
CRISIL 10 Year Gilt
Since Inception 951 NA NA NA 74952 NA NA
Last 1 Year 768 641 128 493 10766 10639 10492
Last 3 Years 980 1001 -021 894 13234 13311 12927
Last 5 Years 892 848 044 734 15325 15020 14246
Kotak Pioneer Fund as on 26 Feb 2021
Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Different plans have different expense structure The performance details provided herein are of regular plan 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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
95
Oct 31 2019Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
ALPHA Nifty 50 TRI Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
Nifty 50 TRI
Since Inception 3678 2467 1211 1752 15149 13397 12386
Last 1 Year 5550 4230 1320 3137 15531 14216 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Feb 25 2008Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
ALPHA Nifty 50 TRI
Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
Nifty 50 TRI
Since Inception 719 133 586 951 24675 11876 32619
Last 1 Year 2940 3064 -124 3137 12931 13054 13127
Last 3 Years 405 243 162 1288 11265 10746 14378
Last 5 Years 1332 1089 243 1729 18676 16760 22189
Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 01022015
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Infrastructure amp Economic Reform Fund as on 26 Feb 2021
96
Feb 20 2018Kotak India Growth Fund -
Series IV - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series IV - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1462 1173 289 1328 15099 13979 14570
Last 1 Year 6667 3224 3443 3137 16644 13214 13127
Last 3 Years 1471 1135 335 1288 15087 13803 14378
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 20022018 Mr Devender Singhal has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak India Growth Fund Series IV as on 26 Feb 2021
Kotak India Growth Fund Series V as on 26 Feb 2021
May 15 2018Kotak India Growth Fund -
Series V - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series V - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1389 1146 243 1265 14372 13534 13939
Last 1 Year 4661 3224 1437 3137 14646 13214 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak Smallcap Fund Performance as on 26 Feb 2021
Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the TotalReturn variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
97
Kotak Smallcap Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1930000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 8187177 3266871 1617790 1001229 576604 190906
Scheme Returns () 1620 1905 1843 2067 3331 12808
NIFTY Smallcap 100 (TRI) Returns () 1048 1159 1036 1161 2174 12178
Alpha 572 746 808 905 1158 630
NIFTY Smallcap 100 (TRI) (Rs) 4794025 2190608 1213472 802393 493594 187746
Nifty 50 (TRI) (Rs)^ 5809863 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1256 1341 1364 1570 1947 6633
Scheme Inception - February 242005 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Feb 24 2005Kotak Smallcap Fund -
GrowthNIFTY Smallcap 100 TRI ALPHA Nifty 50 TRI
Kotak Smallcap Fund -Growth
NIFTY Smallcap 100 TRI Nifty 50 TRI
Since Inception 1648 1274 375 1440 115182 68229 86309
Last 1 Year 5224 4358 866 3137 15207 14344 13127
Last 3 Years 1309 -017 1326 1288 14460 9950 14378
Last 5 Years 2040 1419 622 1729 25291 19406 22189
Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) Performance as on 26 Feb 2021
98
Kotak Flexi Cap Fund (Previously known as Kotak Select Standard Multi Cap Fund)
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1380000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 3453492 2729977 1380165 856388 468086 156611
Scheme Returns () 1505 1571 1397 1426 1792 6240
Nifty 200 (TRI) Returns () 1288 1368 1351 1514 1931 6874
Alpha 218 204 045 -088 -139 -634
Nifty 200 (TRI) (Rs) 3011611 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 2974930 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1268 1341 1364 1570 1947 6633
Scheme Inception - September 11 2009 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 11 2009Kotak Flexi Cap Fund -
GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak Flexi Cap Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1391 1156 235 1140 44527 35062 34492
Last 1 Year 2497 3224 -727 3137 12489 13214 13127
Last 3 Years 1082 1135 -054 1288 13604 13803 14378
Last 5 Years 1738 1719 020 1729 22274 22089 22189
Kotak Emerging Equity Fund Performance As on 26 Feb 2021
Scheme Inception date is 30032007 Mr Pankaj Tibrewal has been managing the fund since 27052010 Different plans have different expense structure The performance detailsprovided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circulardated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha isdifference of scheme return with benchmark return
99
Kotak Emerging Equity Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1680000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 6176383 3334607 1562085 940171 526485 173627
Scheme Returns () 1705 1943 1745 1807 2647 9422
Nifty Midcap 100 (TRI) Returns () 1388 1480 1370 1440 2237 9753
Alpha 316 463 375 368 410 -332
Nifty Midcap 100 (TRI) (Rs) 4795200 2599125 1367070 859342 497885 175354
Nifty 50 (TRI) (Rs)^ 4226246 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1229 1341 1364 1570 1947 6633
Scheme Inception - March 30 2007 The returns are calculated by XIRR approach assuming investment of 10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Mar 30 2007Kotak Emerging Equity
Fund - GrowthNifty Midcap 100 TRI ALPHA Nifty 50 TRI
Kotak Emerging Equity Fund - Growth
Nifty Midcap 100 TRI Nifty 50 TRI
Since Inception 1320 1332 -012 1138 56228 57054 44823
Last 1 Year 3676 3998 -322 3137 13664 13985 13127
Last 3 Years 1207 679 528 1288 14070 12177 14378
Last 5 Years 1997 1624 372 1729 24836 21217 22189
Kotak Tax Saver Fund Performance as on 26 Feb 2021
Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
100
Kotak Tax Saver Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1840000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5208479 2557585 1384584 874589 483657 158907
Scheme Returns () 1251 1450 1406 1511 2027 6660
Nifty 500 (TRI) Returns () 1244 1387 1367 1525 1992 7206
Alpha 007 063 038 -014 035 -546
Nifty 500 (TRI) (Rs) 5177617 2472906 1365740 877640 481312 161867
Nifty 50 (TRI) (Rs)^ 5074950 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1221 1341 1364 1570 1947 6633
Scheme Inception - November 23 2005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initialand final value and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Nov 23 2005Kotak Tax Saver Fund -
GrowthNifty 500 TRI ALPHA Nifty 50 TRI
Kotak Tax Saver Fund -Growth
Nifty 500 TRI Nifty 50 TRI
Since Inception 1217 1303 -085 1328 57797 64882 67113
Last 1 Year 2685 3347 -662 3137 12677 13337 13127
Last 3 Years 1219 1086 133 1288 14116 13621 14378
Last 5 Years 1741 1731 010 1729 22304 22207 22189
Kotak Equity Opportunities Fund Performance as on 26 Feb 2021
Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012 Different plans have different expense structure The performance details provided hereinare of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRAMFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
101
Kotak Equity Opportunities Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1980000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 7635338 2664264 1403160 880871 486395 158045
Scheme Returns () 1478 1526 1443 1540 2067 6502
Nifty 200 (TRI) Returns () 1281 1368 1351 1514 1931 6874
Alpha 197 158 092 026 136 -373
Nifty 200 (TRI) (Rs) 6308482 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 6292270 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1279 1341 1364 1570 1947 6633
Scheme Inception - September 09 2004 The returns are calculated by XIRR approach assuming investment of Rs 10000- 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 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 TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 09 2004Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI ALPHA Nifty 50 TRI Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1831 1537 294 1555 159694 105534 108232
Last 1 Year 2771 3224 -453 3137 12762 13214 13127
Last 3 Years 1158 1135 023 1288 13887 13803 14378
Last 5 Years 1791 1719 072 1729 22776 22089 22189
Kotak Bluechip Fund Performance as on 26 Feb 2021
Since inception date of Kotak Bluechip Fund - Reg Growth is 4022003 Mr Harish Krishnan has been managing the fund since 01012014Different plans have different expense structure Theperformance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000-investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 theperformance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the schemebenchmark performance is calculated using composite CAGR of SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Since Inception date of KotakBluechip Fund- Dividend plan is 29121998 Alpha is difference of scheme return with benchmark return
102
Kotak Bluechip Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 2170000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 9909049 2429408 1342358 867738 482271 158190
Scheme Returns () 1497 1354 1319 1479 2006 6528
Nifty 50 (TRI) Returns () 1393 1341 1364 1570 1947 6633
Alpha 103 013 -045 -091 059 -105
Nifty 50 (TRI) (Rs) 8857197 2412890 1363994 887303 478297 158761
SampP BSE SENSEX (TRI) (Rs)^ 9110194 2472879 1393707 907359 481833 157647
SampP BSE SENSEX (TRI) Returns () 1419 1387 1424 1662 2000 6429
Scheme Inception - December 29 1998 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the scheme benchmark SIP Performance is calculated by taking SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Alpha is difference of scheme return with benchmark return
Feb 04 2003Kotak Bluechip Fund -
GrowthNifty 50 TRI ALPHA SampP BSE SENSEX TRI
Kotak Bluechip Fund -Growth
Nifty 50 TRI SampP BSE SENSEX TRI
Since Inception 1967 1722 246 1738 256865 176573 181028
Last 1 Year 3007 3137 -130 3000 12998 13127 12990
Last 3 Years 1181 1288 -107 1422 13975 14378 14894
Last 5 Years 1575 1729 -154 1789 20767 22189 22764
Kotak India EQ Contra Fund as on 26 Feb 2021
Jul 27 2005Kotak India EQ Contra
Fund - GrowthNifty 100 TRI ALPHA Nifty 50 TRI
Kotak India EQ Contra Fund - Growth
Nifty 100 TRI Nifty 50 TRI
Since Inception 1321 1408 -088 1388 69209 78041 75924
Last 1 Year 3123 3120 003 3137 13113 13110 13127
Last 3 Years 1293 1191 102 1288 14396 14010 14378
Last 5 Years 1830 1719 110 1729 23155 22098 22189
Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
103
Kotak India EQ Contra Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1880000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5753810 2581589 1412974 907013 487708 163570
Scheme Returns () 1309 1467 1463 1660 2087 7522
Nifty 100 (TRI) Returns () 1268 1363 1351 1519 1891 6526
Alpha 041 104 112 141 195 996
Nifty 100 (TRI) (Rs) 5543589 2441380 1357611 876201 474636 158175
Nifty 50 (TRI) (Rs)^ 5371562 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1233 1341 1364 1570 1947 6633
Scheme Inception - July 272005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initial and finalvalue and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Other Funds Managed by Mr Deepak Agarwal
Mr Deepak Agrawal manages 12 funds amp All FMPs of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan (Kotak Bond Short Term Fund (May 02 02) Kotak Dynamic Bond Fund (May 26 08) Kotak Money Market Fund (Nov 25 07) Kotak Liquid Fund (Nov 04 03) Kotak Banking and PSU Debt Fund (Dec 29 98) Kotak Savings Fund (Jul 11 07) Kotak Credit Risk Fund (May 11 10) Kotak Medium Term Fund (Mar 21 14) Kotak Low Duration Fund (Jan 31 15) Kotak Corporate Bond Fund (Sep 21 07) Kotak Overnight Fund (Jan 15 19) All Fixed Maturity Plans in existence (Aug 1315) Kotak Floating Fund (May 14 2019)
Kotak Floating Rate Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 14052019 Mr Deepak Agrawal has been managing the fund since 14052019Kotak Banking and PSU Debt Fund - Growth Name of the Benchmark - CRISIL Banking and PSU Debt Index Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008Kotak Savings Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 13082004 Mr Deepak Agrawal has been managing the fund since 01042008Kotak Liquid Fund - Growth Name of the Benchmark - NIFTY Liquid Index Scheme Inception date is 04112003 Mr Deepak Agrawal has been managing the fund since 01052007Kotak Overnight Fund - Growth Name of the Benchmark - NIFTY 1D Rate Index Scheme Inception date is 15012019 Mr Deepak Agrawal has been managing the fund since 15012019Kotak Money Market Fund - Growth Name of the Benchmark - NIFTY Money Market Index Scheme Inception date is 14072003 Mr Deepak Agrawal has been managing the fund since 01112006
104
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Floating Rate Fund - Growth 808 514 NA NA NA NA 772 610
Kotak Banking and PSU Debt Fund - Growth 744 632 894 868 846 854 753 NA
Kotak Savings Fund - Growth 524 514 684 696 705 716 760 797
Bottom 3
Kotak Money Market Fund - Growth 520 471 692 638 699 672 728 742
Kotak Liquid Fund - Growth 377 388 577 582 627 624 715 717
Kotak Overnight Fund - Growth 296 312 NA NA NA NA 429 443
Funds Managed by Mr Harsha Upadhyaya
Mr Harsha Upadhyaya manages 4 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Opportunities Fund (Sep 9 04) Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) (Sep 11 09) Kotak Tax Saver Fund (Nov 2305)
Funds Managed by Mr Pankaj Tibrewal
Mr Pankaj Tibrewal manages 3 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Small Cap Fund (Feb 2405) Kotak Emerging Equity Fund (Mar 3007) Kotak Equity Hybrid Fund (Nov 2599) Kotak Smallcap Fund - Growth Name of the Benchmark - NIFTY Smallcap 100 TRI Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010 Kotak Equity Hybrid Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008
105
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Equity Opportunities Fund - Growth 2771 3224 1158 1135 1791 1719 1831 1537
Kotak Tax Saver Fund - Growth 2685 3347 1219 1086 1741 1731 1217 1303
Kotak Flexi Cap Fund - Growth 2497 3224 1082 1135 1738 1719 1391 1156
Kotak ESG Opportunities Fund - Growth Kotak ESG Opportunities Fund has not yet completed 1 year from Inception the performance of the scheme is not disclosed
Kotak Equity Opportunities Fund - Growth (Erstwhile Kotak Opportunities) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012
Kotak Tax Saver Fund - Growth Name of the Benchmark - Nifty 500 TRI Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015
Kotak Flexi Cap Fund - Growth (Erstwhile Kotak Standard Multicap Fund) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Small Cap Fund - Growth 5224 4358 1309 -017 2040 1419 1648 1274
Kotak Emerging Equity Fund - Growth 3676 3998 1207 679 1997 1624 1320 1332
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Funds Managed by Mr Hiten Shah
Mr Hiten Shah manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Balanced Advantage Fund (Aug 03 18) Kotak Equity Savings Fund (Oct 13 2014) Kotak Equity Arbitrage Fund (Sep 29 05) Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Equity Arbitrage Fund - Growth Name of the Benchmark - Nifty 50 Arbitrage Index Scheme Inception date is 29092005 Mr Hiten Shah has been managing the fund since 03102019
Funds Managed by Ms Shibani Kurian
Ms Shibani Kurian manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak India EQ Contra Fund - Growth (July 27 05) Kotak India Growth Fund Series 7 (Aug 31 18) Kotak Focused Equity fund (Jul 16 19) Kotak India EQ Contra Fund - Growth (Erstwhile Classic Equity Fund) Name of the Benchmark - Nifty 100 TRI Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak India Growth Fund - Series 7 - Growth Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 31082018 Ms Shibani Kurian has been managing the fund since 09052019
106
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Balanced Advantage Fund - Growth 1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Kotak Equity Arbitrage Fund - Growth 354 186 539 454 577 484 713 NA
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak India EQ Contra Fund - Growth 3123 3120 1293 1191 1830 1719 1321 1408
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak India Growth Fund - Series 7 - Growth 2018 3137 NA NA NA NA 1042 1037
Other Funds Managed by Mr Harish Krishnan
Mr Harish Krishnan manages 7 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak BluechipFund (Feb 04 03) Kotak Infrastructure amp Economic Reform Fund (Feb 25 08) Kotak India Growth Fund Series 5 (May1518) Kotak Balanced Advantage Fund (Aug 0318) Kotak Equity Savings Fund (Oct 13 14) Kotak Focused Equity fund (Jul 16 19) Kotak Pioneer Fund (Oct 31 19
Kotak Pioneer Fund - Growth Name of the Benchmark - 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Kotak India Growth Fund Series 5- Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018Kotak Bluechip Fund - Growth (Erstwhile Kotak 50) Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 04022003 Mr Harish Krishnan has been managing the fund since 15112013Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Infrastructure and Economic Reform Fund - Growth Name of the Benchmark - India Infrastructure Index (Customised Index by IISL) Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 31012015
107
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Pioneer Fund - Growth 5550 4230 NA NA NA NA 3678 2467
Kotak India Growth Fund - Series 5 - Growth 4661 3224 NA NA NA NA 1389 1146
Kotak Bluechip Fund - Growth 3007 3137 1181 1288 1575 1729 1967 1722
Bottom 3
Kotak Infrastructure and Economic Reform Fund -Growth
2940 3064 405 243 1332 1089 719 133
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Other Funds Managed by Mr Abhishek Bisen
Mr Abhishek Bisen manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Hybrid Fund (Nov 05 2014) Kotak Debt Hybrid Fund (Dec 02 03) Kotak Bond Fund (Regular Plan) (Apr 15 08) Kotak Gilt Fund (Regular amp PF-Trust) (Dec 29 98) Kotak Equity Savings Fund (Oct 13 14) Kotak Gold ETF (Jul 27 07) Kotak Gold Fund (Mar 25 11) Kotak Balanced Advantage Fund (Aug 03 18)
Kotak Gold Fund - Growth Name of the Benchmark - Price of Gold Scheme Inception date is 25032011 Mr Abhishek Bisen has been managing the fund since 04032011Kotak Gold ETF Name of the Benchmark - Price of Gold Scheme Inception date is 27072007 Mr Abhishek Bisen has been managing the fund since 15042008 amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Equity Hybrid Fund - Growth (Erstwhile Kotak Balance) Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 and Kotak Equity Hybrid Fund - Regular plan scheme inception date is 3rd November 2014 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008Kotak Bond Fund - Growth Name of the Benchmark - NIFTY Medium to Long Duration Debt Index Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Balanced Advantage Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 5050 Index Scheme Inception date is 03082018 Mr Abhishek Bisen amp Mr Harish Krishnan has been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019
108
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Kotak Balanced Advantage Fund - Growth1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth1314 963 790 704 934 816 837 719
Bottom 3
Kotak Gold Fund - Growth 741 765 1445 1467 887 860 671 815
Kotak Gold ETF 710 765 1380 1467 764 860 1178 1290
Kotak Bond Fund - Growth 672 765 879 912 800 859 878 NA
Other Funds Managed by Mr Devender Singhal
Mr Devender Singhal manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak DebtHybrid Fund - Growth (Dec 02 03) Kotak India Growth Fund Series-4 (Feb 14 18) Kotak NV20 ETF (Dec 01 15) Kotak Banking ETF (Dec 10 14) Kotak Sensex ETF (Jun 06 08) Kotak Asset AllocatorFund (Aug 09 04) Kotak PSU Bank ETF (Nov 08 07) Kotak Nifty ETF (Feb 02 10)
Kotak India Growth Fund - Series 4 - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 14022018 Mr Devender Singhal has been managing the fund since 24012019Kotak NV20 ETF - Name of the Benchmark Nifty 50 Value 20 TRI Scheme Inception date is 01122015 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Sensex ETF Name of the Benchmark - SampP BSE SENSEX TRI Scheme Inception date is 06062008 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Nifty ETF Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 02022010 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Banking ETF Name of the Benchmark - Nifty Bank TRI Scheme Inception date is 10122014 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak PSU Bank ETF - Name of the Benchmark Nifty PSU Bank TRI Scheme Inception date is 08112007 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019
109
Scheme Name
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak India Growth Fund - Series 4 -Growth
6667 3224 1471 1135 NA NA 1462 1173
Kotak NV20 ETF 3937 4355 1526 1660 1902 2002 1643 1620
Kotak Nifty ETF 3078 3137 1261 1288 1647 1729 1044 1181
Bottom 3
Kotak Sensex ETF 2955 3000 1390 1422 1696 1789 982 1097
Kotak PSU Bank ETF 2203 2303 -876 -807 248 359 -163 -014
Kotak Banking ETF 1749 1948 1108 1183 2008 2068 1087 1132
Fund Type of Scheme
Kotak Equity Opportunities Fund Large amp Mid Cap Fund - An open ended equity scheme investing in both large cap and mid cap stocks
Kotak Small Cap Fund Small cap fund - An open-ended equity scheme predominantly investing in small cap stocks
Kotak Emerging Equity Fund Mid Cap Fund - An open ended equity scheme predominantly investing in mid cap stocks
Kotak Tax Saver Fund An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
Kotak Balanced Advantage Fund Open ended Dynamic Asset Allocation Fund
Kotak Pioneer Fund An open ended equity scheme investing in pioneering innovations theme
Kotak India EQ Contra Fund An open-ended equity scheme following contrarian investment strategy
Kotak Debt Hybrid Fund An open ended hybrid scheme investing predominantly in debt instruments
Kotak Bluechip Fund Large cap fund - An open-ended equity scheme predominantly investing in large cap stocks
Kotak Asset Allocator FundAn open ended fund of fund scheme investing in specified open-ended equity and debt Schemes of Kotak Mahindra
Mutual Fund
Kotak Equity Arbitrage Fund An open ended scheme investing in arbitrage opportunities
Kotak Equity Savings Fund An open ended scheme investing in equity arbitrage and debt
Kotak Flexicap Fund Flexicap Fund - An open ended dynamic equity scheme investing across large cap mid cap small cap stocks
Kotak Focused Equity Fund An open ended equity scheme investing in maximum 30 stocks in large-cap mid-cap and small-cap category
Kotak Floating Rate Fund An open ended debt scheme predominantly investing in floating rate instruments
Kotak Equity Hybrid Fund An open-ended hybrid scheme investing predominantly in equity and equity related instruments
Kotak International REIT FoFAn open ended fund of fund scheme investing in units of SMAM ASIA REIT Sub Trust fund andor other similar overseas
REIT funds
Kotak ESG Opportunities FundAn open ended equity scheme which follows the Environment Social and Governance (ESG) theme with flexibility of
investing across market capitalization 110
Fund Type of Scheme
Kotak Overnight Fund An open ended debt scheme investing in overnight securities
Kotak Gilt Fund An open ended debt scheme investing in government securities across maturity
Kotak Money Market Fund An open ended debt scheme investing in money market instruments
Kotak Savings Fund An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months
Kotak Bond Short Term Fund An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years
Kotak Corporate Bond Fund An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds
Kotak Credit Risk Fund An open ended debt scheme predominantly investing in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds)
Kotak Banking amp PSU Debt Fund An open ended debt scheme predominantly investing in Debt instruments of banks Public Sector Undertakings Public Financial Institutions and Municipal Bonds
Kotak Liquid Fund An open ended liquid scheme
Kotak Low Duration Fund An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months
Kotak Medium Term Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years
Kotak Dynamic Bond Fund An open ended dynamic debt scheme investing across duration
Kotak Bond Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years
Kotak India Growth Fund Series 5
Multicap Fund - A 1099 days close ended equity scheme investing across large cap midcap and small cap stocks
Kotak India Growth Fund Series 4
Multicap Fund - A 36 months close ended equity scheme investing across large cap midcap and small cap stocks
Kotak Infrastructure amp Economic Reform Fund
An open ended equity scheme following Infrastructure amp Economic Reform theme
111
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 112
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 113
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 114
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 115
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 116
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector biasKotak India Growth Series 4
Kotak India Growth Series 5bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector bias
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 117
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 118
Kotak Liquid Fund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Thank You
Stay Safe Stay Healthy and Stay Invested
119
Headlines In Feb 21
14
Source Business Standard
Source Bloomberg Quint
Company Registration Jumps 21 in April ndash Decrsquo20
15Source MCA
Sharp growth was due to the progression of smaller firms and LLPs towards forming companies as growth picked up along with improved facilitation through digital services
Indiarsquos Debt To GDP VS Major Economies
16Source Economic Survey 2020-21
Indiarsquos Public Debt To GDP Has Been Significantly Low Compared To Other Countries
Governmentrsquos Reform Momentum To Bolster Potential Growth
17Source Elara Securities
18
V Shaped Recovery
Source HIS Markit Bloomberg Index reading above 50 signals growth Score is generated on the three-month weighted averages of the indicators against the past thirty months of historical data
Domestic and overseas demand hold up for Indian companies
Nomura India Business Resumption Index Is Almost At Pre-Pandemic Levels
19
The resurgence of COVID-19 could represent a downside risk
Source Google Apple CMIE Bloomberg and Nomura Global Economics
PLI Schemes Can Add 16 To FY27 GDP amp Encourage Domestic Industry
Source RAVE Credit Suisseestimates 20
Real Estate Should Support Economic Recovery
Source The BLOOMBERG PROFESSIONALTM service Credit Suisse estimates
Mortgage rates have fallen to record lowsAffordability levels at all-time high
Source SBI HDFC Jefferies 21
Budget Aims For Ambitious Infra Spending In FY22
22
Budget has laid ambitious target for FY22 spending Infrastructure capex allocation for FY22 is steep execution key
Source Budget Elara Securities Research
Risk
23
Covid 19 Isnrsquot Yet Over
24Source Times of India
Upside Risks To Inflation Remain
25
Source CEIC UBS
RBI Survey Indicates Confidence Still Lagging
26Source RBI
Unemployment is Down but Income
27
CMIE Series of Unemployment unemployment rate (UER) (gt=15)
Unemployment Rate 30 day moving average ()
Unemployment Rate01 Mar 2021
Source CMIEcom
Equity Markets
28
Sare Jahan Se Acha Hindustan Hamara
Source Axis Capital29
-240
-168
-79
-72
-56
-26
-18
39
266(USD bn)
12 MONTHS FPI FLO W (Feb20 to Feb21)
India
Brazil
Indonesia
Philippines
Malaysia
South Africa
Thailand
Taiwan
South Korea
Source Bloomberg Axis Capital As on 28th February 2021 Past Performance may or may not sustain in the future
Performance Across Market Cap
Performance as on 28th Feb 2021 Sectoral Performance CY20 YTD ()
66
113 122
297
386 418
115
58
(12)
156 151 130
105 122
92
(10)
0
10
20
30
40
50
Nifty-50 Nifty Midcap 100 NSE SmallCap 100
1m returns 1y returns 3 yr CAGR 5 yr CAGR 10 yr CAGR
14
12
4
17
11 11 11 11
8
65
0
-1
-5
-8
Sma
llcap
10
0
Mid
cap
100
NIF
TY
50
Me
tals
Rea
lty
Ban
k
Ener
gy
Au
to
Pri
vate
Ban
ks
Fin
anci
als
Secv
ice
s
IT S
erv
ice
s
Me
dia
FMC
G
Ph
arm
a
30
Bumper Results for Dec 20 Quarter
31
Source MOSL Research
193 Cos Actual Expected
Sales 0 -2
EBITDA 19 15
PBT 33 20
PAT 31 17
NIFTY 50 Cos Actual Expected
Sales -1 -2
EBITDA 15 10
PBT 23 9
PAT 22 7
Significant Profit Pool Expansion Seen In PSU Banks Cement Auto And Auto Ancillary And Metals
32
Source ICICI Securities Internal Analysis Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
Profit Growth By Sectors
Nifty Earnings Are Expected To Accelerate Sharply Over Next Two Years
33Source NSE Company data IIFL Research Note Based on IIFL estimates
236 285 310 333
372 402 404 386
418 414
483 457 508
685
796
(41)
207
89 74
117
81
05
(45)
83
(10)
167
(54)
111
349
163
(10)
(5)
0
5
10
15
20
25
30
35
40
0
100
200
300
400
500
600
700
800
900
FY0
9
FY1
0
FY1
1
FY1
2
FY1
3
FY1
4
FY1
5
FY1
6
FY1
7
FY1
8
FY1
9
FY2
0
FY2
1ii
FY2
2ii
FY2
3ii
Rs (LHS) YoY (RHS)
Nifty EPS
Valuation Wise ndash Neutral Weight Momentum Wise - Overweight
Neutral weight doesnt mean selling equity It means profitbooking on excess position
34
Market Cap-to-GDP Ratio ndash Above Long Term Average
Market cap-to-GDP ratio Market rebound brings ratio above long term average
OW Equities =Ratio Below Historical Lows Neutral Equities = Ratio at Historical Average
Source Motilal Oswal 35
52
82 83
103
55
95
88
71
64 66
81
69
7983
79
56
104
FY05
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19
FY20
FY21
E
Average of 75 for the period
Valuations Are At The Higher End Of Fair Value
NIFTY PE (x) - 1 Year Forward NIFTY PB (x) - 1 Year Forward
Source Motilal Oswal36
207
8
13
18
23
28
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 179x
31
15
23
30
38
45
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 27x
37
Valuations Above Long Term Average
Source FactSet Kotak Institutional Equities Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
1 Year Forward Sector PE Current 10y Average Premium(discount)
Automobiles 232 158 469Energy 158 110 431Cement 303 219 387
Consumer Discretionary 590 425 387Technology 236 177 331Industrials 250 201 246
Pharmaceuticals 243 222 94Consumers 348 318 94
Metals 93 103 -94Utilities 80 110 -276
Consumer ex ITC 507 394 285Automobiles ex Tata Motors 228 185 231Energy ex Reliance Industries 80 90 -117
1 Year Forward Sector PB Current 10y Average Premium(discount)
Pvt banks 28 25 126PSU banks 10 11 -61
Earnings Are Increasing
38Source Bloomberg
QuarterReported PAT for NSE 500
Rs in CroreAnnualised PAT on Dec 20
Dec 19 122235
Mar 20 53406
June 20 32400
Sept 20 176786 707144
Dec 20 209795 839180
TTM 472387
Market Cap (280221) 18850128
PE Ratio 399 225
Highest Ever Quarterly Profit by India Inc
Valuations Are Not As Perceived
39
Company
PE
FY20Q1FY21
(Annualised)Q2FY21
(Annualised)Q3FY21 (Annualised) FY22E
Shree Cement 634 648 439 383 358
Ultra tech Cement 488 484 375 292 321
Mindtree 397 311 261 203 191
Asian Paints 814 2567 663 447 613
Persistent Systems 378 357 315 265 239
Hero Motocorp 190 2782 181 159 183
Bajaj Auto 223 537 249 182 202
Source Company data Kotak estimates Stocks mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of aninvestment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
The data for FY20 Q1Q2Q3 are actuals (annualised in the quarters) while FY22 is estimates
High Nifty Valuations Conceals the bargain opportunities in select Quality stocks
40Source ICICI Securities Internal Analysis
Adjusted PE Shows The True Valuation
Time To Be Neutral Weight To Equities
Marginally OW Small and Midcap
Marginally UW Large cap
Neutral Weight Equity
41
SIP has performed well
42
Patience Pays Off in SIPKotak Emerging Equity Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty Midcap 100 TRI is the benchmark for Kotak Emerging Equity FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund
43
Kotak Emerging Equity Fund Feb-19 Feb-20 Feb-21
10 Yr 1630 1567 1943
7 Yr 1636 1506 1745
5 yr 1024 889 1807
3 yr 324 526 2647
1 yr -984 1316 9422
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1239 991 1480
7 Yr 1212 867 1370
5 yr 736 317 1440
3 yr 079 -333 2237
1 yr -1572 -097 9753
Patience Pays Off in SIPKotak Tax Saver Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 500 TRI is the benchmark for Kotak Tax Saver FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculatingreturn on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting fromthe beginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer todisclaimer slides for scheme information and detailed performance of the fund
44
Kotak Tax Saver Fund Feb-19 Feb-20 Feb-21
10 Yr 1192 1159 1450
7 Yr 1227 1163 1406
5 yr 924 846 1511
3 yr 631 574 2027
1 yr -093 480 6660
Nifty 500 TRI Feb-19 Feb-20 Feb-21
10 Yr 1138 992 1387
7 Yr 1163 916 1367
5 yr 903 658 1525
3 yr 732 201 1992
1 yr -456 -397 7206
Patience Pays Off in SIPKotak Equity Opportunities Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021Returns are for regular plan Nifty 200 TRI is the benchmark for Kotak Equity Opportunities FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund 45
Kotak Equity Opportunities Fund Feb-19 Feb-20 Feb-21
10 Yr 1277 1242 1526
7 Yr 1281 1192 1443
5 yr 923 885 1540
3 yr 576 582 2067
1 yr -313 720 6502
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1140 992 1368
7 Yr 1165 915 1351
5 yr 931 686 1514
3 yr 822 256 1931
1 yr -274 -478 6874
46
Patience Pays Off in SIPKotak Bluechip Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 50 TRI is the benchmark for Kotak Bluechip FundDisclaimer SIP is an optional feature offered by Kotak Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mutual Past performance may or maynot be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating return on investmentsgiven an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from the beginning of thesubsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides forscheme information and detailed performance of the fund
Kotak Bluechip Fund Feb-19 Feb-20 Feb-21
10 Yr 1078 1016 1354
7 Yr 1064 940 1319
5 yr 758 678 1479
3 yr 539 435 2006
1 yr -282 108 6528
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1108 979 1341
7 Yr 1130 918 1364
5 yr 958 772 1570
3 yr 989 429 1947
1 yr 112 -515 6633
47
Equity Investment Opportunity
48
Kotak Pioneer Fund
India Basketbull Approx 80 of portfolio invested in 35 businesses
in India
bull Digital ecosystems
bull China + strategy for manufacturing
bull Consumer discretionary
bull Healthcare
bull Chemicals
bull Fintech
bull Materials
bull Investing in a global fund with a similar pioneering theme ndash CI SignatureTechnology Fund
bull Much more than FANGM (Facebook Amazon Netflix Google Microsoft)
bull FANGM investment less than 5 of CI Signature Technology Fund as on Jan2021
bull Investments in decentralized finance payments ecommercesemiconductor urban transport social media etc
bull The international diversification ndash hedge against the domestic businesscycle and potential of INR depreciation against the USD over the mediumterm
Companies that use technology through process for enduring competitive advantage
International Diversification
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
1 YearSince
Inception(31102019)
Kotak Pioneer Fund - Regular Plan 5550 3678
Benchmark 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI 4230 2467
Nifty 50 TRI 3137 1752
Less than equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
49
Kotak Small Cap Fund
bull Kotak Small Cap Fund Identifies the hidden growth potential of small cap sized companies
bull The essence is to spot them young and watch them grow
bull Kotak Small Cap Fund focus on investing in quality businesses with strong competitive edge run by great management generating high return on capital amp offering sustainable growth with high market potential and available at reasonable valuations
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Scheme Name 1 Year 3 Year 5 Year 7 Year 10 year
Kotak Small Cap Fund - Reg - Growth 5207 1309 2037 2233 1777
Nifty Smallcap 100 TRI 4344 -017 1412 1488 1045
Healthy growth in Revenue EBITDA and PAT in investee companies in the aftermath of COVID 19 ( Q3FY21)
Sales Growth YoY EBITDA Growth YoY PAT Growth YoY
Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21
Kotak Small Cap Fund -243 53 167 173 262 312 -163 311 338
Kotak Asset Allocator Fund ndash An Effective Asset Allocation Medium To Ride The Market
PeriodKotak Asset Allocator
Fund - GrowthNIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1578 1221 1722
Last 5 Year 1464 1355 1729
Last 3 Years 1462 1199 1288
Last 1 Years 2928 2142 3137
Past performance may or may not be sustained in the future Inception date is as of Aug 09 2004
Mutual Fund investments are subject to market risks read all scheme related documentscarefullySource ICRA As on 28th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Return Profile
bull Higher Flexibility of allocation (0-100 in Equities)bull Current equity allocation is 37
50
51
Debt Investors With Marginal Appetite For Equity Can Consider Investment In Kotak Debt Hybrid Fund
bull Fixed income component at ~75 amp above This keeps the volatility low amp relatively marginal level
bull Equity exposure at 25 or less allows the investor to obtain the flavor of equity play without significant risk to capital
bull SWP can be utilized to meet ldquotax efficientrdquo income requirements of the investor
Source ICRA As on 26th Feb 2021 Industry data is from AMFI and Kotak Debt Hybrid data is from CAMS Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Please consult your tax advisor for further details
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Benchmark Crisil Hybrid 85+15 ndash ConservativeIndex
Net Aum flows in Rs Crs over last 12 months()
As on 31st Jan 2021
885
-15540 -14655
Kotak Debt Hybrid Others Total
Time HorizonKotak Debt Hybrid
Fund Nifty 50 TRI Benchmark
1 Year 1502 3137 1166
2 Years 1329 1742 1206
3 Years 923 1288 1010
5 Years 1046 1729 1030
52
Shift Money To Alpha Generating Large Caps
7 Years 5 Years 3 Years 1 Year
Kotak Bluechip Fund ndash Direct Plan 1655 1694 1272 2655
Nifty 50 TRI 1423 1712 1254 2583
bull Kotak Bluechip Fund is flexible in its large cap themes rather than being rigid in different market scenarios
bull It continues to focus on businesses with favourable supply side dynamics
bull Also focuses on capital efficiency with a reasonable track-record of capitalizing on various opportunities
bull There are broadly 4 sub-themes that fund captures now namely Financial Savings Moving from Lockdown to Unlock Consumer Demand amp Global Business
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than 1 year Absolute returns Greater than 1 year Compound Annualized returnsPast performance may or may not be sustained in the future Direct Growth option Inception Date is 1st Jan 2013 (Regular Plan Dividend Option InceptionDate Dec 29 1998)
Should We Invest In Gold
53
Gold
bull We have highlighted risk of import duty being reduced to our gold call
bull The same has played out in this budget as import duty rationalised from 125 to 10 ( 75 Import Duty Plus Agriculture Cess )
bull If the import duty is reduced further to that extent there will be a drop in Rupee Gold prices instantly
bull Subject to that volatility we remain bullish Gold on a longer term basis
bull Gold has corrected in recent times for accumulation
Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before
acting on any information in this communication54
Active VS Passive Funds in Alpha Generation
55
56
Index Funds Underperforms Index
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documentscarefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance ampscheme information of the fund
Fund Category 1 Year 3 Year 5 Year
SampP BSE Sensex TRI 2990 1420 1790
Category Average 2866 1328 1684
Alpha-124 -092 -106
Fund Category 1 Year 3 Year 5 Year
Nifty 50 TRI3130 1290 1730
Category Average 3019 1193 1606
Alpha-111 -097 -124
Less than 1 year Absolute returns Greater than 1 year CAGR
Active Funds Can Give Alpha
bull Active funds canrsquot take more than 10instocks
bull Fund has to keep Cash to meetredemptions
bull Index changes stocks at the closing price with no impact cost
bull Globally Total Return Index is compared with funds gross return ie expenses are added back to performance In India TRI is compared with net return of the fund
bull In Insurance for eg they comparegross return with PRI In MF wecompare TRI with net return
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
57
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years()
Kotak Infrastructure amp Economic Reform Fund - Dir - Growth
3092 538 157 1841
India Infrastructure Index (Customised Index by IISL)
3064 243 1089 895
Alpha 028 295 481 946
Kotak Small Cap Fund - Dir - Growth 5427 1462 2281 2399
Nifty Smallcap 100 TRI 4344 -017 1512 1488
Alpha 1083 1479 769 911
Kotak Emerging Equity Fund - Dir - Growth 3842 1345 2235 2493
Nifty Midcap 100 TRI 3985 679 1739 1814
Alpha -143 666 496 679
Kotak Flexicap Fund - Dir - Growth 2614 1192 1969 1905
Nifty 200 TRI 3214 1135 1826 1498
Alpha -60 057 143 407
Kotak Equity Opportunities Fund - Dir -Growth
2915 1284 2035 1869
Nifty 200 TRI 3214 1135 1826 1498
Alpha -299 149 209 371
Kotak Tax Saver Fund - Dir - Growth 2841 1353 1996 1889
Nifty 500 TRI 3337 1086 1836 1539
Alpha -496 267 16 35
Less than 1 year Absolute returns Greater than 1 year CAGR
58
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years
Kotak India EQ Contra Fund - Dir - Growth 3288 1444 2107 1711
Nifty 100 TRI 311 1191 1826 1468
Alpha 178 253 281 243
Kotak Bluechip Fund - Dir - Growth 315 1307 1812 1644
Nifty 50 TRI 3127 1288 1837 1414
Alpha 023 019 -025 23
Kotak India Growth Fund - Series IV - Dir - Growth 6903 1602 - -
Nifty 200 TRI 3214 1135 - -
Alpha 3689 467 - -
Kotak Pioneer Fund - Dir - Growth 5808 - - -
85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI
423 - - -
Alpha 1578 - - -
Kotak India Growth Fund - Series V - Dir - Growth 4674 - - -
Nifty 200 TRI 3214 - - -
Alpha 146 - - -
Active Funds Can Give Alpha
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
Less than 1 year Absolute returns Greater than 1 year CAGR
Our Funds Have Bounced From The Bottom
Source MFI Explorer As on 26th February 2021 Past performance may or may not sustain in the future Please consult your financial advisor orother professionals before acting on any information in thiscommunication Please refer to the disclaimer slides for scheme information
59
554
791840 853 855 864 906
9551001
12281308
Kotak BalancedAdvantage
Fund
Kotak EquityHybrid Fund
Kotak FlexicapFund
Kotak Tax SaverFund
Kotak EquityOpportunities
Fund
Kotak FocusedEquity Fund
Kotak BluechipFund
Kotak India EQContra Fund
Kotak EmergingEquity Fund
Kotak PioneerFund
Kotak SmallCap Fund
change in NAV of our funds when Nifty 50 was ~7610 (From 23rd Mar 2020 till 26th Feb 2021)
Regular growth Plans performance
Debt Market Outlook
March 2021
60
61
Source Bloomberg
Liquidity is Here To StayMarket may have misread RBI Signal
-9000
-8000
-7000
-6000
-5000
-4000
-3000
-2000
-1000
0
1000
5
55
6
65
7
75
Jun
-19
Jul-
19
Au
g-1
9
Sep
-19
Oct
-19
No
v-1
9
Dec
-19
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
India 10-Year Bond Yield (LHS)
India Banking System Liquidity (RHS)
INR Bn
bull Overnight rates will remain anchored at Reverse Repo rates longer than what market is pricing in bull RBI aims to normalize CRR in the near-term The CRR normalisation opens up space for a variety of market operations to inject
additional liquidity which may induce curve flattening
62
Fear of Liquidity Withdrawal Spooked The Mid-To-Long End (~2-7years) of The Curve
bull Yield Curve is now pricing in more negatives ndash liquidity tightening rate hikes etc
bull Yields have moved up across the curve especially mid to long end of the yield curve
Source Bloomberg
3
4
5
6
7
8
3M 6M 1Y 2Y 3Y 4Y 5Y 6Y 7Y 8Y 10Y 11Y 12Y 13Y 14Y 15Y 23Y 30Y 40Y
India Sovereign Curve ()
01-Mar-21 31-Dec-20 30-Jun-20
Opportunity of value creation exists in the longer end of the curve
The current yield curve is too steep enhancing the case to chase the carry in fixed income as opposed to capital gains
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
FII Activity in Debt Market
Source Axis Capital
USD Mn
63
(1494)
381
(8680)
(1434)
(2695)
402
(534)(142)
471 520 191 1080
(740) (391)
(10500)
(9000)
(7500)
(6000)
(4500)
(3000)
(1500)
0
1500
3000
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
Source MOSPI ICRASource Bloomberg RBI Internal Research Morgan Stanley Research
406
530
00
10
20
30
40
50
60
70
80
Mar
-15
May
-15
Jul-
15
Sep
-15
No
v-1
5
Jan
-16
Mar
-16
May
-16
Jul-
16
Sep
-16
No
v-1
6
Jan
-17
Mar
-17
May
-17
Jul-
17
Sep
-17
No
v-1
7
Jan
-18
Mar
-18
May
-18
Jul-
18
Sep
-18
No
v-1
8
Jan
-19
Mar
-19
May
-19
Jul-
19
Sep
-19
No
v-1
9
Jan
-20
Mar
-20
May
-20
Jul-
20
Sep
-20
No
v-2
0
Jan
-21
CPI Core CPI
Headline Inflation To Remain Range-bound Though Marginally Above The 4 Mark In The Near Term
bull We expect a prolonged pause from the MPC in FY22 and an accommodative stance until late FY22 at least
CPI is still likely to be above the medium-term target of 4 for most of H1-FY22 further rate cuts appear unlikely unless the economic environment worsens significantly
64
65
RBI Remains Committed on OMOOperation Twist To Fund Govt Borrowing
FY 21 (RE) FY 22 (BE)
Gross Market Borrowing 1279788 1205708
Source indiabudgetgovin Internal Estimates BE is Budgetary estimates RE is revised Estimates
(in Rs Crores)
INR 75000 cr OMOOperation Twist already done post budget borrowing announcement
Source CNBC
SDL Spreads Close To Peak Levels Attractive in Terms of Valuation
10yr Central Govt Gilt Yields vs 10yr SDL Yields
Source RBI Jefferies66
Current Spreads Look Attractive For Long Term Investors
Source Bloomberg Citi Research
Spread between 10year Gilt and 1year Gilt Yield MPCrsquos Focus on Term Premia Is Likely To Prevent Imminent Sharp Rise In Bond Yields
Incremental Spreads in 10 Year provides a good cushion to shocks
67
211
0
50
100
150
200
250
300
Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21
Case For Carry Corporate Bond Spreads Show Attractive Valuation Opportunity
Source Bloomberg Jefferies
Corporate AAA Bond Yield ()
68
444
558
3
35
4
45
5
55
6
65
7
75
Mar
-hellip
Ap
r-2
0
May
-hellip
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
1 Year AAA Corporate Bond
3 Year AAA Corporate Bond
450
500
550
600
650
700
750
800
850
1Y 2Y 3Y 4Y 5Y 7Y 10Y
01-Mar-21 29-Jan-21 31-Dec-19
India Corporate Bond Curve
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
69
Market Is Pricing In More Negative News
NABARD Yield Incremental Yield
adjusted for holding period
Protection for Rise in 10 yrNabard (bps)
Breakeven level10 yr Nabard
A 1 yr 425 After 1 yr
10 yr 715 29 051 766
B 2 yr 505 After 2 yr
10 yr 715 21+21=42 084 799
C 3 yr 56 After 3 yr
10 yr 715 155+155+155=455 103 818
Assuming investment HTM in short bonds for respective holding periods Adjusted is incremental yield for 2 yrmultiplied by 2 and 3 yr by 3
Source Internal Analysis The above illustration is not an indication of our portfolio
Debt Outlook
70
bull Liquidity is here to stay much longer than what market is fearing
bull Overnight rates are expected to gradually trend higher as normalisation of rates take place over the course of next 1 year
bull Fear of Liquidity withdrawal has led to sharp spike in OIS- swap yields in 1 yr at 392 and 2 yr at 435 this effectively means forward curve is pricing in almost 3 rate hikes of 25 bp each in Repo rate for the seller of the 2 yr swap to break even In our opinion is too soon and more than what the fundamental situation can justify purely based on inflation outlook
bull Inspite of the recent spike in crude oil prices average headline inflation for FY 22 is in the band of 5-525
bull With comfort on inflation reduction in gold imports stable to appreciating INR (High Fx reserves)We believe RBI will maintain a status quo along with its accommodative stance as there is no big urgency to rush for rate hikes
bull RBI while not giving OMO calendar is actually done decent amount of OMO till now and remain committed for more As the System isflush with liquidity and FX flows coming RBI is constrained to conduct aggressive OMO and add liquidity As the CRR cut reversal announced earlier will take out about 16 lac cr worth liquidity will increase the ability of the RBI to conduct outright OMO vs OT which will be more positive the long bonds
bull For investors it is best to stick to intended investment horizons as volatility would continue to be order of the day
bull Duration investors with appetite for volatility can look to invest in the Gilt Bond and Dynamic Bond Funds space
bull Investors looking for relatively higher YTM can consider Floating rate Fund Medium-Term Fund and Credit Risk Fund segment
bull Investors should stay invested across fixed income strategies ndash as ldquocarryrdquo assumes significance over ldquocapital gainsrdquo
Debt Investment Opportunity
71
Debt Funds Have Generated Good Returns For The Patient Investors
Source MFi Explorer Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to disclaimer slides for detailed performance and scheme information of the funds 72
Fund Name 3 Year Returns of Fund () (CAGR)
Kotak Gilt Fund 980
Kotak Dynamic Bond Fund 921
Kotak Banking and PSU Debt Fund 894
Kotak Bond Fund 879
Kotak Corporate Bond Fund 838
Kotak Bond Short Term Fund 815
Kotak Credit Risk Fund 702
Kotak Medium Term Fund 650
73
Kotak Dynamic Bond Fund Has Outperformed Over Long-Term Since 2018
928
600
650
700
750
800
850
900
950
1000
1050
Feb
-18
Ap
r-1
8
May
-18
Jul-
18
Au
g-1
8
Sep
-18
No
v-1
8
Dec
-18
Jan
-19
Mar
-19
Ap
r-1
9
Jun
-19
Jul-
19
Au
g-1
9
Oct
-19
No
v-1
9
Jan
-20
Feb
-20
Mar
-20
May
-20
Jun
-20
Jul-
20
Sep
-20
Oct
-20
Dec
-20
Jan
-21
Feb
-21
Rolling Returns()
Kotak Dynamic Bond Fund - Reg - Growth NIFTY Composite Debt Index
915
Credit funds carry credit risk and duration dynamic funds carry interest rate risk
Hence our advice to IFA distributors is that they allocate clients money in both dynamic and accrual funds from a 3 year perspective
Source ICRA As on 26th February 2021 The above returns is daily rolling returns for last 36months Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please refer to the disclaimer slides for detailed performance of the fund
Kotak Medium Term Fund
Fund YTM (As on 26 Feb 2021) Respective Segment YieldsIncremental Earnings
(Spread)
Kotak Medium Term Fund 699 3 Year AA 574 125
Source Bloomberg Data as on 26-Feb-2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for performance details amp scheme information
Mutual fund investment are subject to market risks read all scheme related documents carefully
26-Feb-2021 Average Maturity (Years) Modified Duration (Years) Macaulay Duration (Years)
378 263 281
bull Duration of the fund has come down as we expect normalisation of rates to take place over the course of next 1 year We see merit in running lower duration in Medium Term Fund
bull We believe Kotak Medium Term fund is a reasonably attractive investment option for investors with minimum 1 year investment horizon
74
Attractive Yields Across The Segment
Source Bloomberg Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for scheme details
Mutual fund investment are subject to market risks read all scheme related documents carefully 75
458
699 699
389
638 638
0
1
2
3
4
5
6
7
8
Kotak Low Duration Fund Kotak Credit Risk Fund Kotak Medium Term Fund
YTM () (As on 26 Feb 21) Respective Segment Yields ()
1 Year OIS
3 Year AA
3 Year AA
Incremental Spread 069
Incremental Spread 061
Incremental Spread 061
Distributor Engagement
76
Prostart ndash Video Learning Platform
1FINANCIAL PLANNING (10 VIDEOS)
2SOCIAL MEDIA MARKETING (14 VIDEOS)
3UNDERSTANDING RISK IN MFrsquoS (5 VIDEOS)
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5NEW NORMAL (1 VIDEOS)
6MAXIMIZING DIGITAL CONNECTIONS (2 VIDEOS)
7HANDLING INVESTOR EMOTIONS (4 VIDEOS)
8ACQUIRING NEW CLIENTS (3 VIDEOS)
9THE NEXT WAVE (3 VIDEOS)
77
Over 25000 Participants
have viewed these Videos (Till Feb 2021)
Testimonials
ldquoGood Initiative developed by Kotak MF to enhance knowledge amp practical approach for MFDsrdquo -Md Qaise Ghazali
ldquoVery Knowledgeable Thank You Kotak MF Teamrdquo ndashVikas Jain
10DEBT DEMYSTIFIED (12 VIDEOS)
78
Business Dashboard
Transaction History
Distributor Initiated Transaction
Capital Gain and Account Statement
Prostart
Business Hub
More than 13574 IFArsquos are actively using Business Hub
Dont miss out on the benefits of Business Hub
Co-branding Marketing Material
Business opportunities
Stay Updated Follow us at Kotak Mutual Fund Click here to visit our YouTube Channel
How To Boost Business Using Business Hub
Product Video ndash Now Available In Different Languages
Kotak Bluechip Fund
Debt Market Outlook ndash March 2021
Kotak NASDAQ-100 FOF
How to make money through equity asset allocation (English)
Equity Market Outlook ndash March 2021
HindiGujaratiMarathiTeluguKannadaTamilMalayalamBengali
English ndash Mr Arjun Khanna amp Ms Lakshmi Iyer amp Mr Harsha Upadhyaya
Hindi - Mr Arjun Khanna
79
80
Please Follow Like And Share Kotak Mutual Fundrsquos Official Social Media Pages For Regular Updates
Twitter - KotakMF - httpstwittercomKotakMF
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LinkedIn - Kotak Mutual Fund - httpswwwlinkedincomcompanykotak-mutual-fund
ANNEXURES
81
Kotak MF Mantra lsquoReturn of Capitalrsquo is more important
Strong Promoters Cashflow backed business Liquidity and Asset Security are key to our investment ideas
82
Rating amp Category Breakup Across Kotak MF Open-Ended Debt Funds
Data As on 26 Feb 2021
We follow our investment process of focussing on credit quality and liquidity profile of our debt funds and maintain high degree of transparency for investors
Please consult your financial advisor or other professionals before acting on any information in this communication
It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Mutual fund investments are subject to market risks read all scheme related documents carefully
Feb-21 April-20
Credit Rating of Open-Ended Debt Funds of Total AUM of Total AUM
TbillG-SecSDLAAAA1+Cash 9393 9281
AA+ 228 165
AA 248 290
AA- 087 142
Below AA- 043 122
Grand Total (AUM) (INR Cr) 11895880 78624
The above rating allocation does not include NCA (Net Current Assets)
83
bull At Kotak MF we have zero borrowing across all our funds as on 26 Feb 2021
Mutual fund investments are subject to market risks read all scheme related documents carefully
Liquidity Position Of Kotak MF Debt Funds As said earlier our incremental allocation has gone into higher quality assets
Name of the Fund Fund Category of AUM in AAA (Long Term) or
A1+ (Short Term) Sovereign Debt Cash amp NCA (Dec 2020)
of AUM in AAA (Long Term) or A1+ (Short Term) Sovereign Debt
Cash amp NCA (Apr 2020)
Non-Credit Strategies
Kotak Liquid Fund Liquid 100 100
Kotak Money Market Fund Money Market 100 100
Kotak Corporate Bond Fund Corporate Bond 100 100
Kotak Bond Short Term Fund Short Duration 100 100
Kotak Bond Fund Medium to Long Duration 96 86
Kotak Dynamic Bond Fund Dynamic Bond 92 85
Kotak Savings Fund Ultra Short Duration 91 87
Kotak Banking and PSU Debt Fund
Banking and PSU 88 79
Kotak Low Duration Fund Low Duration 85 52
Credit Strategies
Kotak Medium Term Fund Medium Duration 63 50
Kotak Credit Risk Fund Credit Risk 36 27
As on 26 Feb 2021It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Please refer to the disclaimer slides for scheme details
The above rating allocation includes NCA (Net Current Assets)
84
Key Variables amp Their Impact On Interest Rates
Key VariablesShort Term
(3-6mo)Medium Term
(6mo-2yrs)Remarks ndash( Denotes fall in Interest Rates )
InflationHeadline CPI is expected to be in the range of 4-5 for the year Despite expansion of the fiscal deficit the quality ofspending appears to be non inflationary Inflation is unlikely to be area of problem in the year
Rupee
INR has been quite strong since last 3m curtsey strong FDI and FPI flows in equity Lat 1 yr also its marginallydepreciated We have FX reserves closes to 600 bn and given CAD and TD under control INR is expected to remain wellbid We believe in the absence of any geo political event INR is expected to be stable and shall appreciate as economicgrowth stabilizes RBI is keeping INR competitive on REER basis
Credit DemandGradually economy is opening up and Credit growth is expected to pickup as unlocking activity resumes and gains momentum post vaccination in phases However situation is fragile and this may accentuate the situation further However easy rates may help some demand pickup Till then credit growth will not impact rates negatively
Government Borrowing
Union budget has shocked the market by giving 80 extra borrowing for the current year in dated securities Next year also borrowing is on heavier side However we believe the govt RBI may have some credible plan to conduct the borrowing smoothly As the budget is non inflationary and otherwise also inflation is under control there is no reason for govt to give so high real rates hence we believe the RBI will pull some demand leveres such as index inclusion or OMO Will have to wait for MPC
RBI PolicyRbi has shown commitment in the past and there is no reason for taking the rates higher hence we believe RBI is expected to come up with some credible plan If they leave it to the market then we are headed for a tough time
Global Event RiskThe News of a Vaccine has triggered a risk-on event and lead to a sharp rally in risk asset and bonds were sold offHowever yields will look for growth which may not come in a hurry On the other hand the risk of a geopolitical eventis always open
Corporate bond SpreadWhile some green shoots seen but on an over all basis the economy is still struggling Short term spreads have seendecent compression unlikely to compress further meaningfully Long terms bonds still offer attractive spreads but likelyjust a carry trade
Debt FII flowWe have seen some traction coming in near term with revival of flows from the FPI in debt However its seems real flows will only be seen with index inclusion
Liquidity
Despite very high liquidity more than 1 yr yield is moving higher as the fear is RBI will remove accommodation sooner than later However we believe large part of the move is done 2-10 yr curve
85
Key Variables amp Their Impact On Equities
Key VariablesShort -term
Medium ndashterm
Remarks
EconomyWhile Covid-19 impacts economy there is likely to be sequential improvement as Indian economy unlocks
Corporate EarningsWhile Covid-19 impacts corporate India there is likely to be sequential improvement as Indian economy unlocks
FII FlowIndia stands out among global asset classes with prospects of strong long term growth given favorable demographics
DII Flow Long runaway of growth in financialization of savings
Supply of paperHigher disinvestment target and repair of leveraged balance sheet to create supply in markets
PolicyReform Initiative Expect improved reform momentum
Signify Growth 86
Disclaimers amp Disclosures
87
The information contained in this (document) is extracted from different public sources All reasonable care has been taken to ensure that the information contained hereinis 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 KotakMahindra Asset Management Co Ltd or any associated companies or any employee thereofWe are not soliciting any action based on this material and is for generalinformation only Investors should consult their financial advisors if in doubt about whether the product is suitable for them before investing
These materials are not intended for distribution to or use by any person in any jurisdiction where such distribution would be contrary to local law or regulation Thedistribution of this document in certain jurisdictions may be restricted or totally prohibited and accordingly persons who come into possession of this document arerequired to inform themselves about and to observe any such restrictions
Mutual Fund investments are subject to market risks read all scheme related documents carefully
Disclaimers amp Risk Factors
88
Scheme Inception date is 26052008 Mr Deepak Agrawal has been managing the fund since 25112012 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Dynamic Bond Fund As on 26 Feb 2021
Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Banking amp PSU Debt Fund As on 26 Feb 2021
89
Dec 29 1998Kotak Banking and PSU
Debt Fund - GrowthCRISIL Banking and PSU
Debt Index ALPHA CRISIL 1 Year Tbill
Kotak Banking and PSU Debt Fund - Growth
CRISIL Banking and PSU Debt Index
CRISIL 1 Year TBill
Since Inception 753 NA NA 662 50043 NA 41450
Last 1 Year 744 632 112 547 10742 10630 10546
Last 3 Years 894 868 026 665 12926 12834 12127
Last 5 Years 846 854 -008 656 15006 15064 13739
May 26 2008Kotak Dynamic Bond
Fund - GrowthNIFTY Composite Debt
Index ALPHA CRISIL 1 Year TBill
Kotak Dynamic Bond Fund - Growth
NIFTY Composite Debt Index
CRISIL 1 Year TBill
Since Inception 860 846 014 648 28659 28180 22287
Last 1 Year 685 790 -105 547 10683 10788 10546
Last 3 Years 921 934 -013 665 13022 13068 12127
Last 5 Years 912 868 044 656 15470 15161 13739
Scheme Inception date is 06032008 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Low Duration Fund As on 26 Feb 2021
Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Fund As on 26 Feb 2021
90
Mar 06 2008Kotak Low Duration
Fund - GrowthNIFTY Low Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Low Duration Fund - Growth
NIFTY Low Duration Debt Index
CRISIL 1 Year TBill
Since Inception 769 827 -058 648 26178 28053 22605
Last 1 Year 669 594 075 547 10667 10592 10546
Last 3 Years 760 723 037 665 12455 12326 12127
Last 5 Years 774 735 039 656 14514 14256 13739
Nov 25 1999Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
ALPHA CRISIL 10 Year Gilt Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 878 NA NA NA 59893 NA NA
Last 1 Year 672 765 -093 493 10670 10763 10492
Last 3 Years 879 912 -033 894 12872 12990 12927
Last 5 Years 800 859 -058 734 14692 15093 14246
Scheme Inception date is 02052002 Mr Deepak Agrawal has been managing the fund since 11072007 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Short Term Fund on 26 Feb 2021
Scheme Inception date is 21092007 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Corporate Bond Fund on 26 Feb 2021
91
May 02 2002Kotak Bond Short Term
Fund - GrowthNIFTY Short Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Bond Short Term Fund - Growth
NIFTY Short Duration Debt Index
CRISIL 1 Year TBill
Since Inception 772 793 -021 607 40606 42094 30324
Last 1 Year 720 797 -077 547 10718 10794 10546
Last 3 Years 815 828 -013 665 12648 12692 12127
Last 5 Years 785 808 -024 656 14585 14746 13739
Sep 21 2007Kotak Corporate Bond
Fund - GrowthCRISIL Corporate Bond
Composite Index ALPHA CRISIL 1 Year TBill
Kotak Corporate Bond Fund - Growth
CRISIL Corporate Bond Composite Index
CRISIL 1 Year TBill
Since Inception 818 939 -120 645 28790 33407 23163
Last 1 Year 741 793 -052 547 10739 10791 10546
Last 3 Years 838 894 -057 665 12726 12927 12127
Last 5 Years 830 885 -055 656 14898 15277 13739
Scheme Inception date is 11052010 Mr Deepak Agrawal has been managing the fund since 12042010 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Credit Risk Fund As on 26 Feb 2021
Scheme Inception date is 21032014 Mr Deepak Agrawal has been managing the fund since 22062015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Medium Term Fund As on 26 Feb 2021
92
May 11 2010Kotak Credit Risk Fund -
GrowthNIFTY Credit Risk Bond
Index ALPHA CRISIL 1 Year TBill
Kotak Credit Risk Fund -Growth
NIFTY Credit Risk Bond Index
CRISIL 1 Year TBill
Since Inception 808 930 -121 671 23159 26128 20167
Last 1 Year 455 987 -532 547 10453 10984 10546
Last 3 Years 702 900 -198 665 12253 12946 12127
Last 5 Years 755 900 -145 656 14384 15380 13739
Mar 21 2014Kotak Medium Term
Fund - GrowthNIFTY Medium Duration
Debt Index ALPHA CRISIL 10 Year Gilt
Kotak Medium Term Fund - Growth
NIFTY Medium Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 812 900 -088 826 17192 18192 17350
Last 1 Year 456 873 -417 493 10455 10871 10492
Last 3 Years 650 902 -252 894 12078 12954 12927
Last 5 Years 730 863 -133 734 14218 15121 14246
Kotak Balanced Advantage Fund Performance as on 26 Feb 2021
Scheme Inception date is 03082018 Mr Harish Krishnan Mr Abhishek Bisen have been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the periodhave been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point(PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark Alpha is difference ofscheme return with benchmark return
Kotak Debt Hybrid Fund Performance as on 26 Feb 2021
Scheme Inception date is 02122003 Mr Abhishek Bisen has been managing the fund since 01042008 Mr Devender Singhal has been managing the fund since 25082015Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (CompoundedAnnualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of SchemeBenchmark Name of Additional BenchmarkThe performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark returnTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant(PRI)The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using compositeCAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return 93
Aug 03 2018Kotak Balanced
Advantage Fund -Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA Nifty 50 TRI
Kotak Balanced Advantage Fund -
Growth
NIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1092 1167 -075 1130 13052 13281 13166
Last 1 Year 1849 2142 -292 3137 11844 12135 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Dec 02 2003Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
ALPHA CRISIL 10 Year Gilt Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
CRISIL 10 Year Gilt
Since Inception 809 855 -045 582 38280 41141 26537
Last 1 Year 1502 1166 336 493 11497 11162 10492
Last 3 Years 923 1010 -086 894 13030 13341 12927
Last 5 Years 1046 1030 017 734 16443 16319 14246
Kotak Asset Allocator Fund as on 26 Feb 2021
Scheme Inception date is 09082004 Mr Devender Singhal amp Mr Arjun Khanna has been managing the fund since 09052019 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using composite CAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return
Scheme Inception date is 29121998 Mr Abhishek Bisen has been managing the fund since 15042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Gilt Fund As on 26 Feb 2021
94
Aug 09 2004Kotak Asset Allocator
Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA SampP BSE SENSEX TRI
Kotak Asset Allocator Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index SampP BSE SENSEX TRI
Since Inception 1578 1221 357 1579 113266 67426 113398
Last 1 Year 2928 2142 786 3000 12919 12135 12990
Last 3 Years 1462 1199 262 1422 15051 14043 14894
Last 5 Years 1464 1355 109 1789 19793 18868 22764
Dec 29 1998Kotak Gilt Fund -
GrowthNIFTY All Duration G-Sec
Index ALPHA CRISIL 10 Year Gilt
Kotak Gilt Fund -Growth
NIFTY All Duration G-Sec Index
CRISIL 10 Year Gilt
Since Inception 951 NA NA NA 74952 NA NA
Last 1 Year 768 641 128 493 10766 10639 10492
Last 3 Years 980 1001 -021 894 13234 13311 12927
Last 5 Years 892 848 044 734 15325 15020 14246
Kotak Pioneer Fund as on 26 Feb 2021
Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Different plans have different expense structure The performance details provided herein are of regular plan 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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
95
Oct 31 2019Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
ALPHA Nifty 50 TRI Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
Nifty 50 TRI
Since Inception 3678 2467 1211 1752 15149 13397 12386
Last 1 Year 5550 4230 1320 3137 15531 14216 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Feb 25 2008Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
ALPHA Nifty 50 TRI
Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
Nifty 50 TRI
Since Inception 719 133 586 951 24675 11876 32619
Last 1 Year 2940 3064 -124 3137 12931 13054 13127
Last 3 Years 405 243 162 1288 11265 10746 14378
Last 5 Years 1332 1089 243 1729 18676 16760 22189
Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 01022015
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Infrastructure amp Economic Reform Fund as on 26 Feb 2021
96
Feb 20 2018Kotak India Growth Fund -
Series IV - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series IV - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1462 1173 289 1328 15099 13979 14570
Last 1 Year 6667 3224 3443 3137 16644 13214 13127
Last 3 Years 1471 1135 335 1288 15087 13803 14378
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 20022018 Mr Devender Singhal has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak India Growth Fund Series IV as on 26 Feb 2021
Kotak India Growth Fund Series V as on 26 Feb 2021
May 15 2018Kotak India Growth Fund -
Series V - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series V - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1389 1146 243 1265 14372 13534 13939
Last 1 Year 4661 3224 1437 3137 14646 13214 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak Smallcap Fund Performance as on 26 Feb 2021
Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the TotalReturn variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
97
Kotak Smallcap Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1930000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 8187177 3266871 1617790 1001229 576604 190906
Scheme Returns () 1620 1905 1843 2067 3331 12808
NIFTY Smallcap 100 (TRI) Returns () 1048 1159 1036 1161 2174 12178
Alpha 572 746 808 905 1158 630
NIFTY Smallcap 100 (TRI) (Rs) 4794025 2190608 1213472 802393 493594 187746
Nifty 50 (TRI) (Rs)^ 5809863 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1256 1341 1364 1570 1947 6633
Scheme Inception - February 242005 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Feb 24 2005Kotak Smallcap Fund -
GrowthNIFTY Smallcap 100 TRI ALPHA Nifty 50 TRI
Kotak Smallcap Fund -Growth
NIFTY Smallcap 100 TRI Nifty 50 TRI
Since Inception 1648 1274 375 1440 115182 68229 86309
Last 1 Year 5224 4358 866 3137 15207 14344 13127
Last 3 Years 1309 -017 1326 1288 14460 9950 14378
Last 5 Years 2040 1419 622 1729 25291 19406 22189
Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) Performance as on 26 Feb 2021
98
Kotak Flexi Cap Fund (Previously known as Kotak Select Standard Multi Cap Fund)
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1380000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 3453492 2729977 1380165 856388 468086 156611
Scheme Returns () 1505 1571 1397 1426 1792 6240
Nifty 200 (TRI) Returns () 1288 1368 1351 1514 1931 6874
Alpha 218 204 045 -088 -139 -634
Nifty 200 (TRI) (Rs) 3011611 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 2974930 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1268 1341 1364 1570 1947 6633
Scheme Inception - September 11 2009 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 11 2009Kotak Flexi Cap Fund -
GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak Flexi Cap Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1391 1156 235 1140 44527 35062 34492
Last 1 Year 2497 3224 -727 3137 12489 13214 13127
Last 3 Years 1082 1135 -054 1288 13604 13803 14378
Last 5 Years 1738 1719 020 1729 22274 22089 22189
Kotak Emerging Equity Fund Performance As on 26 Feb 2021
Scheme Inception date is 30032007 Mr Pankaj Tibrewal has been managing the fund since 27052010 Different plans have different expense structure The performance detailsprovided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circulardated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha isdifference of scheme return with benchmark return
99
Kotak Emerging Equity Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1680000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 6176383 3334607 1562085 940171 526485 173627
Scheme Returns () 1705 1943 1745 1807 2647 9422
Nifty Midcap 100 (TRI) Returns () 1388 1480 1370 1440 2237 9753
Alpha 316 463 375 368 410 -332
Nifty Midcap 100 (TRI) (Rs) 4795200 2599125 1367070 859342 497885 175354
Nifty 50 (TRI) (Rs)^ 4226246 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1229 1341 1364 1570 1947 6633
Scheme Inception - March 30 2007 The returns are calculated by XIRR approach assuming investment of 10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Mar 30 2007Kotak Emerging Equity
Fund - GrowthNifty Midcap 100 TRI ALPHA Nifty 50 TRI
Kotak Emerging Equity Fund - Growth
Nifty Midcap 100 TRI Nifty 50 TRI
Since Inception 1320 1332 -012 1138 56228 57054 44823
Last 1 Year 3676 3998 -322 3137 13664 13985 13127
Last 3 Years 1207 679 528 1288 14070 12177 14378
Last 5 Years 1997 1624 372 1729 24836 21217 22189
Kotak Tax Saver Fund Performance as on 26 Feb 2021
Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
100
Kotak Tax Saver Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1840000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5208479 2557585 1384584 874589 483657 158907
Scheme Returns () 1251 1450 1406 1511 2027 6660
Nifty 500 (TRI) Returns () 1244 1387 1367 1525 1992 7206
Alpha 007 063 038 -014 035 -546
Nifty 500 (TRI) (Rs) 5177617 2472906 1365740 877640 481312 161867
Nifty 50 (TRI) (Rs)^ 5074950 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1221 1341 1364 1570 1947 6633
Scheme Inception - November 23 2005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initialand final value and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Nov 23 2005Kotak Tax Saver Fund -
GrowthNifty 500 TRI ALPHA Nifty 50 TRI
Kotak Tax Saver Fund -Growth
Nifty 500 TRI Nifty 50 TRI
Since Inception 1217 1303 -085 1328 57797 64882 67113
Last 1 Year 2685 3347 -662 3137 12677 13337 13127
Last 3 Years 1219 1086 133 1288 14116 13621 14378
Last 5 Years 1741 1731 010 1729 22304 22207 22189
Kotak Equity Opportunities Fund Performance as on 26 Feb 2021
Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012 Different plans have different expense structure The performance details provided hereinare of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRAMFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
101
Kotak Equity Opportunities Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1980000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 7635338 2664264 1403160 880871 486395 158045
Scheme Returns () 1478 1526 1443 1540 2067 6502
Nifty 200 (TRI) Returns () 1281 1368 1351 1514 1931 6874
Alpha 197 158 092 026 136 -373
Nifty 200 (TRI) (Rs) 6308482 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 6292270 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1279 1341 1364 1570 1947 6633
Scheme Inception - September 09 2004 The returns are calculated by XIRR approach assuming investment of Rs 10000- 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 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 TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 09 2004Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI ALPHA Nifty 50 TRI Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1831 1537 294 1555 159694 105534 108232
Last 1 Year 2771 3224 -453 3137 12762 13214 13127
Last 3 Years 1158 1135 023 1288 13887 13803 14378
Last 5 Years 1791 1719 072 1729 22776 22089 22189
Kotak Bluechip Fund Performance as on 26 Feb 2021
Since inception date of Kotak Bluechip Fund - Reg Growth is 4022003 Mr Harish Krishnan has been managing the fund since 01012014Different plans have different expense structure Theperformance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000-investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 theperformance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the schemebenchmark performance is calculated using composite CAGR of SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Since Inception date of KotakBluechip Fund- Dividend plan is 29121998 Alpha is difference of scheme return with benchmark return
102
Kotak Bluechip Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 2170000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 9909049 2429408 1342358 867738 482271 158190
Scheme Returns () 1497 1354 1319 1479 2006 6528
Nifty 50 (TRI) Returns () 1393 1341 1364 1570 1947 6633
Alpha 103 013 -045 -091 059 -105
Nifty 50 (TRI) (Rs) 8857197 2412890 1363994 887303 478297 158761
SampP BSE SENSEX (TRI) (Rs)^ 9110194 2472879 1393707 907359 481833 157647
SampP BSE SENSEX (TRI) Returns () 1419 1387 1424 1662 2000 6429
Scheme Inception - December 29 1998 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the scheme benchmark SIP Performance is calculated by taking SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Alpha is difference of scheme return with benchmark return
Feb 04 2003Kotak Bluechip Fund -
GrowthNifty 50 TRI ALPHA SampP BSE SENSEX TRI
Kotak Bluechip Fund -Growth
Nifty 50 TRI SampP BSE SENSEX TRI
Since Inception 1967 1722 246 1738 256865 176573 181028
Last 1 Year 3007 3137 -130 3000 12998 13127 12990
Last 3 Years 1181 1288 -107 1422 13975 14378 14894
Last 5 Years 1575 1729 -154 1789 20767 22189 22764
Kotak India EQ Contra Fund as on 26 Feb 2021
Jul 27 2005Kotak India EQ Contra
Fund - GrowthNifty 100 TRI ALPHA Nifty 50 TRI
Kotak India EQ Contra Fund - Growth
Nifty 100 TRI Nifty 50 TRI
Since Inception 1321 1408 -088 1388 69209 78041 75924
Last 1 Year 3123 3120 003 3137 13113 13110 13127
Last 3 Years 1293 1191 102 1288 14396 14010 14378
Last 5 Years 1830 1719 110 1729 23155 22098 22189
Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
103
Kotak India EQ Contra Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1880000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5753810 2581589 1412974 907013 487708 163570
Scheme Returns () 1309 1467 1463 1660 2087 7522
Nifty 100 (TRI) Returns () 1268 1363 1351 1519 1891 6526
Alpha 041 104 112 141 195 996
Nifty 100 (TRI) (Rs) 5543589 2441380 1357611 876201 474636 158175
Nifty 50 (TRI) (Rs)^ 5371562 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1233 1341 1364 1570 1947 6633
Scheme Inception - July 272005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initial and finalvalue and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Other Funds Managed by Mr Deepak Agarwal
Mr Deepak Agrawal manages 12 funds amp All FMPs of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan (Kotak Bond Short Term Fund (May 02 02) Kotak Dynamic Bond Fund (May 26 08) Kotak Money Market Fund (Nov 25 07) Kotak Liquid Fund (Nov 04 03) Kotak Banking and PSU Debt Fund (Dec 29 98) Kotak Savings Fund (Jul 11 07) Kotak Credit Risk Fund (May 11 10) Kotak Medium Term Fund (Mar 21 14) Kotak Low Duration Fund (Jan 31 15) Kotak Corporate Bond Fund (Sep 21 07) Kotak Overnight Fund (Jan 15 19) All Fixed Maturity Plans in existence (Aug 1315) Kotak Floating Fund (May 14 2019)
Kotak Floating Rate Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 14052019 Mr Deepak Agrawal has been managing the fund since 14052019Kotak Banking and PSU Debt Fund - Growth Name of the Benchmark - CRISIL Banking and PSU Debt Index Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008Kotak Savings Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 13082004 Mr Deepak Agrawal has been managing the fund since 01042008Kotak Liquid Fund - Growth Name of the Benchmark - NIFTY Liquid Index Scheme Inception date is 04112003 Mr Deepak Agrawal has been managing the fund since 01052007Kotak Overnight Fund - Growth Name of the Benchmark - NIFTY 1D Rate Index Scheme Inception date is 15012019 Mr Deepak Agrawal has been managing the fund since 15012019Kotak Money Market Fund - Growth Name of the Benchmark - NIFTY Money Market Index Scheme Inception date is 14072003 Mr Deepak Agrawal has been managing the fund since 01112006
104
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Floating Rate Fund - Growth 808 514 NA NA NA NA 772 610
Kotak Banking and PSU Debt Fund - Growth 744 632 894 868 846 854 753 NA
Kotak Savings Fund - Growth 524 514 684 696 705 716 760 797
Bottom 3
Kotak Money Market Fund - Growth 520 471 692 638 699 672 728 742
Kotak Liquid Fund - Growth 377 388 577 582 627 624 715 717
Kotak Overnight Fund - Growth 296 312 NA NA NA NA 429 443
Funds Managed by Mr Harsha Upadhyaya
Mr Harsha Upadhyaya manages 4 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Opportunities Fund (Sep 9 04) Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) (Sep 11 09) Kotak Tax Saver Fund (Nov 2305)
Funds Managed by Mr Pankaj Tibrewal
Mr Pankaj Tibrewal manages 3 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Small Cap Fund (Feb 2405) Kotak Emerging Equity Fund (Mar 3007) Kotak Equity Hybrid Fund (Nov 2599) Kotak Smallcap Fund - Growth Name of the Benchmark - NIFTY Smallcap 100 TRI Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010 Kotak Equity Hybrid Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008
105
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Equity Opportunities Fund - Growth 2771 3224 1158 1135 1791 1719 1831 1537
Kotak Tax Saver Fund - Growth 2685 3347 1219 1086 1741 1731 1217 1303
Kotak Flexi Cap Fund - Growth 2497 3224 1082 1135 1738 1719 1391 1156
Kotak ESG Opportunities Fund - Growth Kotak ESG Opportunities Fund has not yet completed 1 year from Inception the performance of the scheme is not disclosed
Kotak Equity Opportunities Fund - Growth (Erstwhile Kotak Opportunities) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012
Kotak Tax Saver Fund - Growth Name of the Benchmark - Nifty 500 TRI Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015
Kotak Flexi Cap Fund - Growth (Erstwhile Kotak Standard Multicap Fund) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Small Cap Fund - Growth 5224 4358 1309 -017 2040 1419 1648 1274
Kotak Emerging Equity Fund - Growth 3676 3998 1207 679 1997 1624 1320 1332
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Funds Managed by Mr Hiten Shah
Mr Hiten Shah manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Balanced Advantage Fund (Aug 03 18) Kotak Equity Savings Fund (Oct 13 2014) Kotak Equity Arbitrage Fund (Sep 29 05) Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Equity Arbitrage Fund - Growth Name of the Benchmark - Nifty 50 Arbitrage Index Scheme Inception date is 29092005 Mr Hiten Shah has been managing the fund since 03102019
Funds Managed by Ms Shibani Kurian
Ms Shibani Kurian manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak India EQ Contra Fund - Growth (July 27 05) Kotak India Growth Fund Series 7 (Aug 31 18) Kotak Focused Equity fund (Jul 16 19) Kotak India EQ Contra Fund - Growth (Erstwhile Classic Equity Fund) Name of the Benchmark - Nifty 100 TRI Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak India Growth Fund - Series 7 - Growth Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 31082018 Ms Shibani Kurian has been managing the fund since 09052019
106
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Balanced Advantage Fund - Growth 1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Kotak Equity Arbitrage Fund - Growth 354 186 539 454 577 484 713 NA
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak India EQ Contra Fund - Growth 3123 3120 1293 1191 1830 1719 1321 1408
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak India Growth Fund - Series 7 - Growth 2018 3137 NA NA NA NA 1042 1037
Other Funds Managed by Mr Harish Krishnan
Mr Harish Krishnan manages 7 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak BluechipFund (Feb 04 03) Kotak Infrastructure amp Economic Reform Fund (Feb 25 08) Kotak India Growth Fund Series 5 (May1518) Kotak Balanced Advantage Fund (Aug 0318) Kotak Equity Savings Fund (Oct 13 14) Kotak Focused Equity fund (Jul 16 19) Kotak Pioneer Fund (Oct 31 19
Kotak Pioneer Fund - Growth Name of the Benchmark - 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Kotak India Growth Fund Series 5- Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018Kotak Bluechip Fund - Growth (Erstwhile Kotak 50) Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 04022003 Mr Harish Krishnan has been managing the fund since 15112013Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Infrastructure and Economic Reform Fund - Growth Name of the Benchmark - India Infrastructure Index (Customised Index by IISL) Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 31012015
107
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Pioneer Fund - Growth 5550 4230 NA NA NA NA 3678 2467
Kotak India Growth Fund - Series 5 - Growth 4661 3224 NA NA NA NA 1389 1146
Kotak Bluechip Fund - Growth 3007 3137 1181 1288 1575 1729 1967 1722
Bottom 3
Kotak Infrastructure and Economic Reform Fund -Growth
2940 3064 405 243 1332 1089 719 133
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Other Funds Managed by Mr Abhishek Bisen
Mr Abhishek Bisen manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Hybrid Fund (Nov 05 2014) Kotak Debt Hybrid Fund (Dec 02 03) Kotak Bond Fund (Regular Plan) (Apr 15 08) Kotak Gilt Fund (Regular amp PF-Trust) (Dec 29 98) Kotak Equity Savings Fund (Oct 13 14) Kotak Gold ETF (Jul 27 07) Kotak Gold Fund (Mar 25 11) Kotak Balanced Advantage Fund (Aug 03 18)
Kotak Gold Fund - Growth Name of the Benchmark - Price of Gold Scheme Inception date is 25032011 Mr Abhishek Bisen has been managing the fund since 04032011Kotak Gold ETF Name of the Benchmark - Price of Gold Scheme Inception date is 27072007 Mr Abhishek Bisen has been managing the fund since 15042008 amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Equity Hybrid Fund - Growth (Erstwhile Kotak Balance) Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 and Kotak Equity Hybrid Fund - Regular plan scheme inception date is 3rd November 2014 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008Kotak Bond Fund - Growth Name of the Benchmark - NIFTY Medium to Long Duration Debt Index Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Balanced Advantage Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 5050 Index Scheme Inception date is 03082018 Mr Abhishek Bisen amp Mr Harish Krishnan has been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019
108
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Kotak Balanced Advantage Fund - Growth1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth1314 963 790 704 934 816 837 719
Bottom 3
Kotak Gold Fund - Growth 741 765 1445 1467 887 860 671 815
Kotak Gold ETF 710 765 1380 1467 764 860 1178 1290
Kotak Bond Fund - Growth 672 765 879 912 800 859 878 NA
Other Funds Managed by Mr Devender Singhal
Mr Devender Singhal manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak DebtHybrid Fund - Growth (Dec 02 03) Kotak India Growth Fund Series-4 (Feb 14 18) Kotak NV20 ETF (Dec 01 15) Kotak Banking ETF (Dec 10 14) Kotak Sensex ETF (Jun 06 08) Kotak Asset AllocatorFund (Aug 09 04) Kotak PSU Bank ETF (Nov 08 07) Kotak Nifty ETF (Feb 02 10)
Kotak India Growth Fund - Series 4 - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 14022018 Mr Devender Singhal has been managing the fund since 24012019Kotak NV20 ETF - Name of the Benchmark Nifty 50 Value 20 TRI Scheme Inception date is 01122015 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Sensex ETF Name of the Benchmark - SampP BSE SENSEX TRI Scheme Inception date is 06062008 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Nifty ETF Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 02022010 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Banking ETF Name of the Benchmark - Nifty Bank TRI Scheme Inception date is 10122014 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak PSU Bank ETF - Name of the Benchmark Nifty PSU Bank TRI Scheme Inception date is 08112007 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019
109
Scheme Name
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak India Growth Fund - Series 4 -Growth
6667 3224 1471 1135 NA NA 1462 1173
Kotak NV20 ETF 3937 4355 1526 1660 1902 2002 1643 1620
Kotak Nifty ETF 3078 3137 1261 1288 1647 1729 1044 1181
Bottom 3
Kotak Sensex ETF 2955 3000 1390 1422 1696 1789 982 1097
Kotak PSU Bank ETF 2203 2303 -876 -807 248 359 -163 -014
Kotak Banking ETF 1749 1948 1108 1183 2008 2068 1087 1132
Fund Type of Scheme
Kotak Equity Opportunities Fund Large amp Mid Cap Fund - An open ended equity scheme investing in both large cap and mid cap stocks
Kotak Small Cap Fund Small cap fund - An open-ended equity scheme predominantly investing in small cap stocks
Kotak Emerging Equity Fund Mid Cap Fund - An open ended equity scheme predominantly investing in mid cap stocks
Kotak Tax Saver Fund An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
Kotak Balanced Advantage Fund Open ended Dynamic Asset Allocation Fund
Kotak Pioneer Fund An open ended equity scheme investing in pioneering innovations theme
Kotak India EQ Contra Fund An open-ended equity scheme following contrarian investment strategy
Kotak Debt Hybrid Fund An open ended hybrid scheme investing predominantly in debt instruments
Kotak Bluechip Fund Large cap fund - An open-ended equity scheme predominantly investing in large cap stocks
Kotak Asset Allocator FundAn open ended fund of fund scheme investing in specified open-ended equity and debt Schemes of Kotak Mahindra
Mutual Fund
Kotak Equity Arbitrage Fund An open ended scheme investing in arbitrage opportunities
Kotak Equity Savings Fund An open ended scheme investing in equity arbitrage and debt
Kotak Flexicap Fund Flexicap Fund - An open ended dynamic equity scheme investing across large cap mid cap small cap stocks
Kotak Focused Equity Fund An open ended equity scheme investing in maximum 30 stocks in large-cap mid-cap and small-cap category
Kotak Floating Rate Fund An open ended debt scheme predominantly investing in floating rate instruments
Kotak Equity Hybrid Fund An open-ended hybrid scheme investing predominantly in equity and equity related instruments
Kotak International REIT FoFAn open ended fund of fund scheme investing in units of SMAM ASIA REIT Sub Trust fund andor other similar overseas
REIT funds
Kotak ESG Opportunities FundAn open ended equity scheme which follows the Environment Social and Governance (ESG) theme with flexibility of
investing across market capitalization 110
Fund Type of Scheme
Kotak Overnight Fund An open ended debt scheme investing in overnight securities
Kotak Gilt Fund An open ended debt scheme investing in government securities across maturity
Kotak Money Market Fund An open ended debt scheme investing in money market instruments
Kotak Savings Fund An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months
Kotak Bond Short Term Fund An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years
Kotak Corporate Bond Fund An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds
Kotak Credit Risk Fund An open ended debt scheme predominantly investing in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds)
Kotak Banking amp PSU Debt Fund An open ended debt scheme predominantly investing in Debt instruments of banks Public Sector Undertakings Public Financial Institutions and Municipal Bonds
Kotak Liquid Fund An open ended liquid scheme
Kotak Low Duration Fund An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months
Kotak Medium Term Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years
Kotak Dynamic Bond Fund An open ended dynamic debt scheme investing across duration
Kotak Bond Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years
Kotak India Growth Fund Series 5
Multicap Fund - A 1099 days close ended equity scheme investing across large cap midcap and small cap stocks
Kotak India Growth Fund Series 4
Multicap Fund - A 36 months close ended equity scheme investing across large cap midcap and small cap stocks
Kotak Infrastructure amp Economic Reform Fund
An open ended equity scheme following Infrastructure amp Economic Reform theme
111
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 112
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 113
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 114
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 115
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 116
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector biasKotak India Growth Series 4
Kotak India Growth Series 5bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector bias
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 117
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 118
Kotak Liquid Fund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Thank You
Stay Safe Stay Healthy and Stay Invested
119
Company Registration Jumps 21 in April ndash Decrsquo20
15Source MCA
Sharp growth was due to the progression of smaller firms and LLPs towards forming companies as growth picked up along with improved facilitation through digital services
Indiarsquos Debt To GDP VS Major Economies
16Source Economic Survey 2020-21
Indiarsquos Public Debt To GDP Has Been Significantly Low Compared To Other Countries
Governmentrsquos Reform Momentum To Bolster Potential Growth
17Source Elara Securities
18
V Shaped Recovery
Source HIS Markit Bloomberg Index reading above 50 signals growth Score is generated on the three-month weighted averages of the indicators against the past thirty months of historical data
Domestic and overseas demand hold up for Indian companies
Nomura India Business Resumption Index Is Almost At Pre-Pandemic Levels
19
The resurgence of COVID-19 could represent a downside risk
Source Google Apple CMIE Bloomberg and Nomura Global Economics
PLI Schemes Can Add 16 To FY27 GDP amp Encourage Domestic Industry
Source RAVE Credit Suisseestimates 20
Real Estate Should Support Economic Recovery
Source The BLOOMBERG PROFESSIONALTM service Credit Suisse estimates
Mortgage rates have fallen to record lowsAffordability levels at all-time high
Source SBI HDFC Jefferies 21
Budget Aims For Ambitious Infra Spending In FY22
22
Budget has laid ambitious target for FY22 spending Infrastructure capex allocation for FY22 is steep execution key
Source Budget Elara Securities Research
Risk
23
Covid 19 Isnrsquot Yet Over
24Source Times of India
Upside Risks To Inflation Remain
25
Source CEIC UBS
RBI Survey Indicates Confidence Still Lagging
26Source RBI
Unemployment is Down but Income
27
CMIE Series of Unemployment unemployment rate (UER) (gt=15)
Unemployment Rate 30 day moving average ()
Unemployment Rate01 Mar 2021
Source CMIEcom
Equity Markets
28
Sare Jahan Se Acha Hindustan Hamara
Source Axis Capital29
-240
-168
-79
-72
-56
-26
-18
39
266(USD bn)
12 MONTHS FPI FLO W (Feb20 to Feb21)
India
Brazil
Indonesia
Philippines
Malaysia
South Africa
Thailand
Taiwan
South Korea
Source Bloomberg Axis Capital As on 28th February 2021 Past Performance may or may not sustain in the future
Performance Across Market Cap
Performance as on 28th Feb 2021 Sectoral Performance CY20 YTD ()
66
113 122
297
386 418
115
58
(12)
156 151 130
105 122
92
(10)
0
10
20
30
40
50
Nifty-50 Nifty Midcap 100 NSE SmallCap 100
1m returns 1y returns 3 yr CAGR 5 yr CAGR 10 yr CAGR
14
12
4
17
11 11 11 11
8
65
0
-1
-5
-8
Sma
llcap
10
0
Mid
cap
100
NIF
TY
50
Me
tals
Rea
lty
Ban
k
Ener
gy
Au
to
Pri
vate
Ban
ks
Fin
anci
als
Secv
ice
s
IT S
erv
ice
s
Me
dia
FMC
G
Ph
arm
a
30
Bumper Results for Dec 20 Quarter
31
Source MOSL Research
193 Cos Actual Expected
Sales 0 -2
EBITDA 19 15
PBT 33 20
PAT 31 17
NIFTY 50 Cos Actual Expected
Sales -1 -2
EBITDA 15 10
PBT 23 9
PAT 22 7
Significant Profit Pool Expansion Seen In PSU Banks Cement Auto And Auto Ancillary And Metals
32
Source ICICI Securities Internal Analysis Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
Profit Growth By Sectors
Nifty Earnings Are Expected To Accelerate Sharply Over Next Two Years
33Source NSE Company data IIFL Research Note Based on IIFL estimates
236 285 310 333
372 402 404 386
418 414
483 457 508
685
796
(41)
207
89 74
117
81
05
(45)
83
(10)
167
(54)
111
349
163
(10)
(5)
0
5
10
15
20
25
30
35
40
0
100
200
300
400
500
600
700
800
900
FY0
9
FY1
0
FY1
1
FY1
2
FY1
3
FY1
4
FY1
5
FY1
6
FY1
7
FY1
8
FY1
9
FY2
0
FY2
1ii
FY2
2ii
FY2
3ii
Rs (LHS) YoY (RHS)
Nifty EPS
Valuation Wise ndash Neutral Weight Momentum Wise - Overweight
Neutral weight doesnt mean selling equity It means profitbooking on excess position
34
Market Cap-to-GDP Ratio ndash Above Long Term Average
Market cap-to-GDP ratio Market rebound brings ratio above long term average
OW Equities =Ratio Below Historical Lows Neutral Equities = Ratio at Historical Average
Source Motilal Oswal 35
52
82 83
103
55
95
88
71
64 66
81
69
7983
79
56
104
FY05
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19
FY20
FY21
E
Average of 75 for the period
Valuations Are At The Higher End Of Fair Value
NIFTY PE (x) - 1 Year Forward NIFTY PB (x) - 1 Year Forward
Source Motilal Oswal36
207
8
13
18
23
28
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 179x
31
15
23
30
38
45
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 27x
37
Valuations Above Long Term Average
Source FactSet Kotak Institutional Equities Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
1 Year Forward Sector PE Current 10y Average Premium(discount)
Automobiles 232 158 469Energy 158 110 431Cement 303 219 387
Consumer Discretionary 590 425 387Technology 236 177 331Industrials 250 201 246
Pharmaceuticals 243 222 94Consumers 348 318 94
Metals 93 103 -94Utilities 80 110 -276
Consumer ex ITC 507 394 285Automobiles ex Tata Motors 228 185 231Energy ex Reliance Industries 80 90 -117
1 Year Forward Sector PB Current 10y Average Premium(discount)
Pvt banks 28 25 126PSU banks 10 11 -61
Earnings Are Increasing
38Source Bloomberg
QuarterReported PAT for NSE 500
Rs in CroreAnnualised PAT on Dec 20
Dec 19 122235
Mar 20 53406
June 20 32400
Sept 20 176786 707144
Dec 20 209795 839180
TTM 472387
Market Cap (280221) 18850128
PE Ratio 399 225
Highest Ever Quarterly Profit by India Inc
Valuations Are Not As Perceived
39
Company
PE
FY20Q1FY21
(Annualised)Q2FY21
(Annualised)Q3FY21 (Annualised) FY22E
Shree Cement 634 648 439 383 358
Ultra tech Cement 488 484 375 292 321
Mindtree 397 311 261 203 191
Asian Paints 814 2567 663 447 613
Persistent Systems 378 357 315 265 239
Hero Motocorp 190 2782 181 159 183
Bajaj Auto 223 537 249 182 202
Source Company data Kotak estimates Stocks mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of aninvestment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
The data for FY20 Q1Q2Q3 are actuals (annualised in the quarters) while FY22 is estimates
High Nifty Valuations Conceals the bargain opportunities in select Quality stocks
40Source ICICI Securities Internal Analysis
Adjusted PE Shows The True Valuation
Time To Be Neutral Weight To Equities
Marginally OW Small and Midcap
Marginally UW Large cap
Neutral Weight Equity
41
SIP has performed well
42
Patience Pays Off in SIPKotak Emerging Equity Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty Midcap 100 TRI is the benchmark for Kotak Emerging Equity FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund
43
Kotak Emerging Equity Fund Feb-19 Feb-20 Feb-21
10 Yr 1630 1567 1943
7 Yr 1636 1506 1745
5 yr 1024 889 1807
3 yr 324 526 2647
1 yr -984 1316 9422
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1239 991 1480
7 Yr 1212 867 1370
5 yr 736 317 1440
3 yr 079 -333 2237
1 yr -1572 -097 9753
Patience Pays Off in SIPKotak Tax Saver Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 500 TRI is the benchmark for Kotak Tax Saver FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculatingreturn on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting fromthe beginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer todisclaimer slides for scheme information and detailed performance of the fund
44
Kotak Tax Saver Fund Feb-19 Feb-20 Feb-21
10 Yr 1192 1159 1450
7 Yr 1227 1163 1406
5 yr 924 846 1511
3 yr 631 574 2027
1 yr -093 480 6660
Nifty 500 TRI Feb-19 Feb-20 Feb-21
10 Yr 1138 992 1387
7 Yr 1163 916 1367
5 yr 903 658 1525
3 yr 732 201 1992
1 yr -456 -397 7206
Patience Pays Off in SIPKotak Equity Opportunities Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021Returns are for regular plan Nifty 200 TRI is the benchmark for Kotak Equity Opportunities FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund 45
Kotak Equity Opportunities Fund Feb-19 Feb-20 Feb-21
10 Yr 1277 1242 1526
7 Yr 1281 1192 1443
5 yr 923 885 1540
3 yr 576 582 2067
1 yr -313 720 6502
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1140 992 1368
7 Yr 1165 915 1351
5 yr 931 686 1514
3 yr 822 256 1931
1 yr -274 -478 6874
46
Patience Pays Off in SIPKotak Bluechip Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 50 TRI is the benchmark for Kotak Bluechip FundDisclaimer SIP is an optional feature offered by Kotak Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mutual Past performance may or maynot be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating return on investmentsgiven an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from the beginning of thesubsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides forscheme information and detailed performance of the fund
Kotak Bluechip Fund Feb-19 Feb-20 Feb-21
10 Yr 1078 1016 1354
7 Yr 1064 940 1319
5 yr 758 678 1479
3 yr 539 435 2006
1 yr -282 108 6528
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1108 979 1341
7 Yr 1130 918 1364
5 yr 958 772 1570
3 yr 989 429 1947
1 yr 112 -515 6633
47
Equity Investment Opportunity
48
Kotak Pioneer Fund
India Basketbull Approx 80 of portfolio invested in 35 businesses
in India
bull Digital ecosystems
bull China + strategy for manufacturing
bull Consumer discretionary
bull Healthcare
bull Chemicals
bull Fintech
bull Materials
bull Investing in a global fund with a similar pioneering theme ndash CI SignatureTechnology Fund
bull Much more than FANGM (Facebook Amazon Netflix Google Microsoft)
bull FANGM investment less than 5 of CI Signature Technology Fund as on Jan2021
bull Investments in decentralized finance payments ecommercesemiconductor urban transport social media etc
bull The international diversification ndash hedge against the domestic businesscycle and potential of INR depreciation against the USD over the mediumterm
Companies that use technology through process for enduring competitive advantage
International Diversification
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
1 YearSince
Inception(31102019)
Kotak Pioneer Fund - Regular Plan 5550 3678
Benchmark 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI 4230 2467
Nifty 50 TRI 3137 1752
Less than equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
49
Kotak Small Cap Fund
bull Kotak Small Cap Fund Identifies the hidden growth potential of small cap sized companies
bull The essence is to spot them young and watch them grow
bull Kotak Small Cap Fund focus on investing in quality businesses with strong competitive edge run by great management generating high return on capital amp offering sustainable growth with high market potential and available at reasonable valuations
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Scheme Name 1 Year 3 Year 5 Year 7 Year 10 year
Kotak Small Cap Fund - Reg - Growth 5207 1309 2037 2233 1777
Nifty Smallcap 100 TRI 4344 -017 1412 1488 1045
Healthy growth in Revenue EBITDA and PAT in investee companies in the aftermath of COVID 19 ( Q3FY21)
Sales Growth YoY EBITDA Growth YoY PAT Growth YoY
Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21
Kotak Small Cap Fund -243 53 167 173 262 312 -163 311 338
Kotak Asset Allocator Fund ndash An Effective Asset Allocation Medium To Ride The Market
PeriodKotak Asset Allocator
Fund - GrowthNIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1578 1221 1722
Last 5 Year 1464 1355 1729
Last 3 Years 1462 1199 1288
Last 1 Years 2928 2142 3137
Past performance may or may not be sustained in the future Inception date is as of Aug 09 2004
Mutual Fund investments are subject to market risks read all scheme related documentscarefullySource ICRA As on 28th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Return Profile
bull Higher Flexibility of allocation (0-100 in Equities)bull Current equity allocation is 37
50
51
Debt Investors With Marginal Appetite For Equity Can Consider Investment In Kotak Debt Hybrid Fund
bull Fixed income component at ~75 amp above This keeps the volatility low amp relatively marginal level
bull Equity exposure at 25 or less allows the investor to obtain the flavor of equity play without significant risk to capital
bull SWP can be utilized to meet ldquotax efficientrdquo income requirements of the investor
Source ICRA As on 26th Feb 2021 Industry data is from AMFI and Kotak Debt Hybrid data is from CAMS Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Please consult your tax advisor for further details
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Benchmark Crisil Hybrid 85+15 ndash ConservativeIndex
Net Aum flows in Rs Crs over last 12 months()
As on 31st Jan 2021
885
-15540 -14655
Kotak Debt Hybrid Others Total
Time HorizonKotak Debt Hybrid
Fund Nifty 50 TRI Benchmark
1 Year 1502 3137 1166
2 Years 1329 1742 1206
3 Years 923 1288 1010
5 Years 1046 1729 1030
52
Shift Money To Alpha Generating Large Caps
7 Years 5 Years 3 Years 1 Year
Kotak Bluechip Fund ndash Direct Plan 1655 1694 1272 2655
Nifty 50 TRI 1423 1712 1254 2583
bull Kotak Bluechip Fund is flexible in its large cap themes rather than being rigid in different market scenarios
bull It continues to focus on businesses with favourable supply side dynamics
bull Also focuses on capital efficiency with a reasonable track-record of capitalizing on various opportunities
bull There are broadly 4 sub-themes that fund captures now namely Financial Savings Moving from Lockdown to Unlock Consumer Demand amp Global Business
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than 1 year Absolute returns Greater than 1 year Compound Annualized returnsPast performance may or may not be sustained in the future Direct Growth option Inception Date is 1st Jan 2013 (Regular Plan Dividend Option InceptionDate Dec 29 1998)
Should We Invest In Gold
53
Gold
bull We have highlighted risk of import duty being reduced to our gold call
bull The same has played out in this budget as import duty rationalised from 125 to 10 ( 75 Import Duty Plus Agriculture Cess )
bull If the import duty is reduced further to that extent there will be a drop in Rupee Gold prices instantly
bull Subject to that volatility we remain bullish Gold on a longer term basis
bull Gold has corrected in recent times for accumulation
Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before
acting on any information in this communication54
Active VS Passive Funds in Alpha Generation
55
56
Index Funds Underperforms Index
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documentscarefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance ampscheme information of the fund
Fund Category 1 Year 3 Year 5 Year
SampP BSE Sensex TRI 2990 1420 1790
Category Average 2866 1328 1684
Alpha-124 -092 -106
Fund Category 1 Year 3 Year 5 Year
Nifty 50 TRI3130 1290 1730
Category Average 3019 1193 1606
Alpha-111 -097 -124
Less than 1 year Absolute returns Greater than 1 year CAGR
Active Funds Can Give Alpha
bull Active funds canrsquot take more than 10instocks
bull Fund has to keep Cash to meetredemptions
bull Index changes stocks at the closing price with no impact cost
bull Globally Total Return Index is compared with funds gross return ie expenses are added back to performance In India TRI is compared with net return of the fund
bull In Insurance for eg they comparegross return with PRI In MF wecompare TRI with net return
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
57
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years()
Kotak Infrastructure amp Economic Reform Fund - Dir - Growth
3092 538 157 1841
India Infrastructure Index (Customised Index by IISL)
3064 243 1089 895
Alpha 028 295 481 946
Kotak Small Cap Fund - Dir - Growth 5427 1462 2281 2399
Nifty Smallcap 100 TRI 4344 -017 1512 1488
Alpha 1083 1479 769 911
Kotak Emerging Equity Fund - Dir - Growth 3842 1345 2235 2493
Nifty Midcap 100 TRI 3985 679 1739 1814
Alpha -143 666 496 679
Kotak Flexicap Fund - Dir - Growth 2614 1192 1969 1905
Nifty 200 TRI 3214 1135 1826 1498
Alpha -60 057 143 407
Kotak Equity Opportunities Fund - Dir -Growth
2915 1284 2035 1869
Nifty 200 TRI 3214 1135 1826 1498
Alpha -299 149 209 371
Kotak Tax Saver Fund - Dir - Growth 2841 1353 1996 1889
Nifty 500 TRI 3337 1086 1836 1539
Alpha -496 267 16 35
Less than 1 year Absolute returns Greater than 1 year CAGR
58
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years
Kotak India EQ Contra Fund - Dir - Growth 3288 1444 2107 1711
Nifty 100 TRI 311 1191 1826 1468
Alpha 178 253 281 243
Kotak Bluechip Fund - Dir - Growth 315 1307 1812 1644
Nifty 50 TRI 3127 1288 1837 1414
Alpha 023 019 -025 23
Kotak India Growth Fund - Series IV - Dir - Growth 6903 1602 - -
Nifty 200 TRI 3214 1135 - -
Alpha 3689 467 - -
Kotak Pioneer Fund - Dir - Growth 5808 - - -
85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI
423 - - -
Alpha 1578 - - -
Kotak India Growth Fund - Series V - Dir - Growth 4674 - - -
Nifty 200 TRI 3214 - - -
Alpha 146 - - -
Active Funds Can Give Alpha
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
Less than 1 year Absolute returns Greater than 1 year CAGR
Our Funds Have Bounced From The Bottom
Source MFI Explorer As on 26th February 2021 Past performance may or may not sustain in the future Please consult your financial advisor orother professionals before acting on any information in thiscommunication Please refer to the disclaimer slides for scheme information
59
554
791840 853 855 864 906
9551001
12281308
Kotak BalancedAdvantage
Fund
Kotak EquityHybrid Fund
Kotak FlexicapFund
Kotak Tax SaverFund
Kotak EquityOpportunities
Fund
Kotak FocusedEquity Fund
Kotak BluechipFund
Kotak India EQContra Fund
Kotak EmergingEquity Fund
Kotak PioneerFund
Kotak SmallCap Fund
change in NAV of our funds when Nifty 50 was ~7610 (From 23rd Mar 2020 till 26th Feb 2021)
Regular growth Plans performance
Debt Market Outlook
March 2021
60
61
Source Bloomberg
Liquidity is Here To StayMarket may have misread RBI Signal
-9000
-8000
-7000
-6000
-5000
-4000
-3000
-2000
-1000
0
1000
5
55
6
65
7
75
Jun
-19
Jul-
19
Au
g-1
9
Sep
-19
Oct
-19
No
v-1
9
Dec
-19
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
India 10-Year Bond Yield (LHS)
India Banking System Liquidity (RHS)
INR Bn
bull Overnight rates will remain anchored at Reverse Repo rates longer than what market is pricing in bull RBI aims to normalize CRR in the near-term The CRR normalisation opens up space for a variety of market operations to inject
additional liquidity which may induce curve flattening
62
Fear of Liquidity Withdrawal Spooked The Mid-To-Long End (~2-7years) of The Curve
bull Yield Curve is now pricing in more negatives ndash liquidity tightening rate hikes etc
bull Yields have moved up across the curve especially mid to long end of the yield curve
Source Bloomberg
3
4
5
6
7
8
3M 6M 1Y 2Y 3Y 4Y 5Y 6Y 7Y 8Y 10Y 11Y 12Y 13Y 14Y 15Y 23Y 30Y 40Y
India Sovereign Curve ()
01-Mar-21 31-Dec-20 30-Jun-20
Opportunity of value creation exists in the longer end of the curve
The current yield curve is too steep enhancing the case to chase the carry in fixed income as opposed to capital gains
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
FII Activity in Debt Market
Source Axis Capital
USD Mn
63
(1494)
381
(8680)
(1434)
(2695)
402
(534)(142)
471 520 191 1080
(740) (391)
(10500)
(9000)
(7500)
(6000)
(4500)
(3000)
(1500)
0
1500
3000
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
Source MOSPI ICRASource Bloomberg RBI Internal Research Morgan Stanley Research
406
530
00
10
20
30
40
50
60
70
80
Mar
-15
May
-15
Jul-
15
Sep
-15
No
v-1
5
Jan
-16
Mar
-16
May
-16
Jul-
16
Sep
-16
No
v-1
6
Jan
-17
Mar
-17
May
-17
Jul-
17
Sep
-17
No
v-1
7
Jan
-18
Mar
-18
May
-18
Jul-
18
Sep
-18
No
v-1
8
Jan
-19
Mar
-19
May
-19
Jul-
19
Sep
-19
No
v-1
9
Jan
-20
Mar
-20
May
-20
Jul-
20
Sep
-20
No
v-2
0
Jan
-21
CPI Core CPI
Headline Inflation To Remain Range-bound Though Marginally Above The 4 Mark In The Near Term
bull We expect a prolonged pause from the MPC in FY22 and an accommodative stance until late FY22 at least
CPI is still likely to be above the medium-term target of 4 for most of H1-FY22 further rate cuts appear unlikely unless the economic environment worsens significantly
64
65
RBI Remains Committed on OMOOperation Twist To Fund Govt Borrowing
FY 21 (RE) FY 22 (BE)
Gross Market Borrowing 1279788 1205708
Source indiabudgetgovin Internal Estimates BE is Budgetary estimates RE is revised Estimates
(in Rs Crores)
INR 75000 cr OMOOperation Twist already done post budget borrowing announcement
Source CNBC
SDL Spreads Close To Peak Levels Attractive in Terms of Valuation
10yr Central Govt Gilt Yields vs 10yr SDL Yields
Source RBI Jefferies66
Current Spreads Look Attractive For Long Term Investors
Source Bloomberg Citi Research
Spread between 10year Gilt and 1year Gilt Yield MPCrsquos Focus on Term Premia Is Likely To Prevent Imminent Sharp Rise In Bond Yields
Incremental Spreads in 10 Year provides a good cushion to shocks
67
211
0
50
100
150
200
250
300
Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21
Case For Carry Corporate Bond Spreads Show Attractive Valuation Opportunity
Source Bloomberg Jefferies
Corporate AAA Bond Yield ()
68
444
558
3
35
4
45
5
55
6
65
7
75
Mar
-hellip
Ap
r-2
0
May
-hellip
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
1 Year AAA Corporate Bond
3 Year AAA Corporate Bond
450
500
550
600
650
700
750
800
850
1Y 2Y 3Y 4Y 5Y 7Y 10Y
01-Mar-21 29-Jan-21 31-Dec-19
India Corporate Bond Curve
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
69
Market Is Pricing In More Negative News
NABARD Yield Incremental Yield
adjusted for holding period
Protection for Rise in 10 yrNabard (bps)
Breakeven level10 yr Nabard
A 1 yr 425 After 1 yr
10 yr 715 29 051 766
B 2 yr 505 After 2 yr
10 yr 715 21+21=42 084 799
C 3 yr 56 After 3 yr
10 yr 715 155+155+155=455 103 818
Assuming investment HTM in short bonds for respective holding periods Adjusted is incremental yield for 2 yrmultiplied by 2 and 3 yr by 3
Source Internal Analysis The above illustration is not an indication of our portfolio
Debt Outlook
70
bull Liquidity is here to stay much longer than what market is fearing
bull Overnight rates are expected to gradually trend higher as normalisation of rates take place over the course of next 1 year
bull Fear of Liquidity withdrawal has led to sharp spike in OIS- swap yields in 1 yr at 392 and 2 yr at 435 this effectively means forward curve is pricing in almost 3 rate hikes of 25 bp each in Repo rate for the seller of the 2 yr swap to break even In our opinion is too soon and more than what the fundamental situation can justify purely based on inflation outlook
bull Inspite of the recent spike in crude oil prices average headline inflation for FY 22 is in the band of 5-525
bull With comfort on inflation reduction in gold imports stable to appreciating INR (High Fx reserves)We believe RBI will maintain a status quo along with its accommodative stance as there is no big urgency to rush for rate hikes
bull RBI while not giving OMO calendar is actually done decent amount of OMO till now and remain committed for more As the System isflush with liquidity and FX flows coming RBI is constrained to conduct aggressive OMO and add liquidity As the CRR cut reversal announced earlier will take out about 16 lac cr worth liquidity will increase the ability of the RBI to conduct outright OMO vs OT which will be more positive the long bonds
bull For investors it is best to stick to intended investment horizons as volatility would continue to be order of the day
bull Duration investors with appetite for volatility can look to invest in the Gilt Bond and Dynamic Bond Funds space
bull Investors looking for relatively higher YTM can consider Floating rate Fund Medium-Term Fund and Credit Risk Fund segment
bull Investors should stay invested across fixed income strategies ndash as ldquocarryrdquo assumes significance over ldquocapital gainsrdquo
Debt Investment Opportunity
71
Debt Funds Have Generated Good Returns For The Patient Investors
Source MFi Explorer Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to disclaimer slides for detailed performance and scheme information of the funds 72
Fund Name 3 Year Returns of Fund () (CAGR)
Kotak Gilt Fund 980
Kotak Dynamic Bond Fund 921
Kotak Banking and PSU Debt Fund 894
Kotak Bond Fund 879
Kotak Corporate Bond Fund 838
Kotak Bond Short Term Fund 815
Kotak Credit Risk Fund 702
Kotak Medium Term Fund 650
73
Kotak Dynamic Bond Fund Has Outperformed Over Long-Term Since 2018
928
600
650
700
750
800
850
900
950
1000
1050
Feb
-18
Ap
r-1
8
May
-18
Jul-
18
Au
g-1
8
Sep
-18
No
v-1
8
Dec
-18
Jan
-19
Mar
-19
Ap
r-1
9
Jun
-19
Jul-
19
Au
g-1
9
Oct
-19
No
v-1
9
Jan
-20
Feb
-20
Mar
-20
May
-20
Jun
-20
Jul-
20
Sep
-20
Oct
-20
Dec
-20
Jan
-21
Feb
-21
Rolling Returns()
Kotak Dynamic Bond Fund - Reg - Growth NIFTY Composite Debt Index
915
Credit funds carry credit risk and duration dynamic funds carry interest rate risk
Hence our advice to IFA distributors is that they allocate clients money in both dynamic and accrual funds from a 3 year perspective
Source ICRA As on 26th February 2021 The above returns is daily rolling returns for last 36months Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please refer to the disclaimer slides for detailed performance of the fund
Kotak Medium Term Fund
Fund YTM (As on 26 Feb 2021) Respective Segment YieldsIncremental Earnings
(Spread)
Kotak Medium Term Fund 699 3 Year AA 574 125
Source Bloomberg Data as on 26-Feb-2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for performance details amp scheme information
Mutual fund investment are subject to market risks read all scheme related documents carefully
26-Feb-2021 Average Maturity (Years) Modified Duration (Years) Macaulay Duration (Years)
378 263 281
bull Duration of the fund has come down as we expect normalisation of rates to take place over the course of next 1 year We see merit in running lower duration in Medium Term Fund
bull We believe Kotak Medium Term fund is a reasonably attractive investment option for investors with minimum 1 year investment horizon
74
Attractive Yields Across The Segment
Source Bloomberg Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for scheme details
Mutual fund investment are subject to market risks read all scheme related documents carefully 75
458
699 699
389
638 638
0
1
2
3
4
5
6
7
8
Kotak Low Duration Fund Kotak Credit Risk Fund Kotak Medium Term Fund
YTM () (As on 26 Feb 21) Respective Segment Yields ()
1 Year OIS
3 Year AA
3 Year AA
Incremental Spread 069
Incremental Spread 061
Incremental Spread 061
Distributor Engagement
76
Prostart ndash Video Learning Platform
1FINANCIAL PLANNING (10 VIDEOS)
2SOCIAL MEDIA MARKETING (14 VIDEOS)
3UNDERSTANDING RISK IN MFrsquoS (5 VIDEOS)
4TAXATION IN MFrsquoS (2 VIDEOS)
5NEW NORMAL (1 VIDEOS)
6MAXIMIZING DIGITAL CONNECTIONS (2 VIDEOS)
7HANDLING INVESTOR EMOTIONS (4 VIDEOS)
8ACQUIRING NEW CLIENTS (3 VIDEOS)
9THE NEXT WAVE (3 VIDEOS)
77
Over 25000 Participants
have viewed these Videos (Till Feb 2021)
Testimonials
ldquoGood Initiative developed by Kotak MF to enhance knowledge amp practical approach for MFDsrdquo -Md Qaise Ghazali
ldquoVery Knowledgeable Thank You Kotak MF Teamrdquo ndashVikas Jain
10DEBT DEMYSTIFIED (12 VIDEOS)
78
Business Dashboard
Transaction History
Distributor Initiated Transaction
Capital Gain and Account Statement
Prostart
Business Hub
More than 13574 IFArsquos are actively using Business Hub
Dont miss out on the benefits of Business Hub
Co-branding Marketing Material
Business opportunities
Stay Updated Follow us at Kotak Mutual Fund Click here to visit our YouTube Channel
How To Boost Business Using Business Hub
Product Video ndash Now Available In Different Languages
Kotak Bluechip Fund
Debt Market Outlook ndash March 2021
Kotak NASDAQ-100 FOF
How to make money through equity asset allocation (English)
Equity Market Outlook ndash March 2021
HindiGujaratiMarathiTeluguKannadaTamilMalayalamBengali
English ndash Mr Arjun Khanna amp Ms Lakshmi Iyer amp Mr Harsha Upadhyaya
Hindi - Mr Arjun Khanna
79
80
Please Follow Like And Share Kotak Mutual Fundrsquos Official Social Media Pages For Regular Updates
Twitter - KotakMF - httpstwittercomKotakMF
Facebook - KotakMF - httpsfacebookcomKotakMF
YouTube - Kotak Mutual Fund - httpswwwyoutubecomcKotakMutualFundOfficial
Instagram - Kotak Mutual Fund - httpsinstagramcomkotakmfigshid=kr86qg3u973n
LinkedIn - Kotak Mutual Fund - httpswwwlinkedincomcompanykotak-mutual-fund
ANNEXURES
81
Kotak MF Mantra lsquoReturn of Capitalrsquo is more important
Strong Promoters Cashflow backed business Liquidity and Asset Security are key to our investment ideas
82
Rating amp Category Breakup Across Kotak MF Open-Ended Debt Funds
Data As on 26 Feb 2021
We follow our investment process of focussing on credit quality and liquidity profile of our debt funds and maintain high degree of transparency for investors
Please consult your financial advisor or other professionals before acting on any information in this communication
It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Mutual fund investments are subject to market risks read all scheme related documents carefully
Feb-21 April-20
Credit Rating of Open-Ended Debt Funds of Total AUM of Total AUM
TbillG-SecSDLAAAA1+Cash 9393 9281
AA+ 228 165
AA 248 290
AA- 087 142
Below AA- 043 122
Grand Total (AUM) (INR Cr) 11895880 78624
The above rating allocation does not include NCA (Net Current Assets)
83
bull At Kotak MF we have zero borrowing across all our funds as on 26 Feb 2021
Mutual fund investments are subject to market risks read all scheme related documents carefully
Liquidity Position Of Kotak MF Debt Funds As said earlier our incremental allocation has gone into higher quality assets
Name of the Fund Fund Category of AUM in AAA (Long Term) or
A1+ (Short Term) Sovereign Debt Cash amp NCA (Dec 2020)
of AUM in AAA (Long Term) or A1+ (Short Term) Sovereign Debt
Cash amp NCA (Apr 2020)
Non-Credit Strategies
Kotak Liquid Fund Liquid 100 100
Kotak Money Market Fund Money Market 100 100
Kotak Corporate Bond Fund Corporate Bond 100 100
Kotak Bond Short Term Fund Short Duration 100 100
Kotak Bond Fund Medium to Long Duration 96 86
Kotak Dynamic Bond Fund Dynamic Bond 92 85
Kotak Savings Fund Ultra Short Duration 91 87
Kotak Banking and PSU Debt Fund
Banking and PSU 88 79
Kotak Low Duration Fund Low Duration 85 52
Credit Strategies
Kotak Medium Term Fund Medium Duration 63 50
Kotak Credit Risk Fund Credit Risk 36 27
As on 26 Feb 2021It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Please refer to the disclaimer slides for scheme details
The above rating allocation includes NCA (Net Current Assets)
84
Key Variables amp Their Impact On Interest Rates
Key VariablesShort Term
(3-6mo)Medium Term
(6mo-2yrs)Remarks ndash( Denotes fall in Interest Rates )
InflationHeadline CPI is expected to be in the range of 4-5 for the year Despite expansion of the fiscal deficit the quality ofspending appears to be non inflationary Inflation is unlikely to be area of problem in the year
Rupee
INR has been quite strong since last 3m curtsey strong FDI and FPI flows in equity Lat 1 yr also its marginallydepreciated We have FX reserves closes to 600 bn and given CAD and TD under control INR is expected to remain wellbid We believe in the absence of any geo political event INR is expected to be stable and shall appreciate as economicgrowth stabilizes RBI is keeping INR competitive on REER basis
Credit DemandGradually economy is opening up and Credit growth is expected to pickup as unlocking activity resumes and gains momentum post vaccination in phases However situation is fragile and this may accentuate the situation further However easy rates may help some demand pickup Till then credit growth will not impact rates negatively
Government Borrowing
Union budget has shocked the market by giving 80 extra borrowing for the current year in dated securities Next year also borrowing is on heavier side However we believe the govt RBI may have some credible plan to conduct the borrowing smoothly As the budget is non inflationary and otherwise also inflation is under control there is no reason for govt to give so high real rates hence we believe the RBI will pull some demand leveres such as index inclusion or OMO Will have to wait for MPC
RBI PolicyRbi has shown commitment in the past and there is no reason for taking the rates higher hence we believe RBI is expected to come up with some credible plan If they leave it to the market then we are headed for a tough time
Global Event RiskThe News of a Vaccine has triggered a risk-on event and lead to a sharp rally in risk asset and bonds were sold offHowever yields will look for growth which may not come in a hurry On the other hand the risk of a geopolitical eventis always open
Corporate bond SpreadWhile some green shoots seen but on an over all basis the economy is still struggling Short term spreads have seendecent compression unlikely to compress further meaningfully Long terms bonds still offer attractive spreads but likelyjust a carry trade
Debt FII flowWe have seen some traction coming in near term with revival of flows from the FPI in debt However its seems real flows will only be seen with index inclusion
Liquidity
Despite very high liquidity more than 1 yr yield is moving higher as the fear is RBI will remove accommodation sooner than later However we believe large part of the move is done 2-10 yr curve
85
Key Variables amp Their Impact On Equities
Key VariablesShort -term
Medium ndashterm
Remarks
EconomyWhile Covid-19 impacts economy there is likely to be sequential improvement as Indian economy unlocks
Corporate EarningsWhile Covid-19 impacts corporate India there is likely to be sequential improvement as Indian economy unlocks
FII FlowIndia stands out among global asset classes with prospects of strong long term growth given favorable demographics
DII Flow Long runaway of growth in financialization of savings
Supply of paperHigher disinvestment target and repair of leveraged balance sheet to create supply in markets
PolicyReform Initiative Expect improved reform momentum
Signify Growth 86
Disclaimers amp Disclosures
87
The information contained in this (document) is extracted from different public sources All reasonable care has been taken to ensure that the information contained hereinis 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 KotakMahindra Asset Management Co Ltd or any associated companies or any employee thereofWe are not soliciting any action based on this material and is for generalinformation only Investors should consult their financial advisors if in doubt about whether the product is suitable for them before investing
These materials are not intended for distribution to or use by any person in any jurisdiction where such distribution would be contrary to local law or regulation Thedistribution of this document in certain jurisdictions may be restricted or totally prohibited and accordingly persons who come into possession of this document arerequired to inform themselves about and to observe any such restrictions
Mutual Fund investments are subject to market risks read all scheme related documents carefully
Disclaimers amp Risk Factors
88
Scheme Inception date is 26052008 Mr Deepak Agrawal has been managing the fund since 25112012 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Dynamic Bond Fund As on 26 Feb 2021
Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Banking amp PSU Debt Fund As on 26 Feb 2021
89
Dec 29 1998Kotak Banking and PSU
Debt Fund - GrowthCRISIL Banking and PSU
Debt Index ALPHA CRISIL 1 Year Tbill
Kotak Banking and PSU Debt Fund - Growth
CRISIL Banking and PSU Debt Index
CRISIL 1 Year TBill
Since Inception 753 NA NA 662 50043 NA 41450
Last 1 Year 744 632 112 547 10742 10630 10546
Last 3 Years 894 868 026 665 12926 12834 12127
Last 5 Years 846 854 -008 656 15006 15064 13739
May 26 2008Kotak Dynamic Bond
Fund - GrowthNIFTY Composite Debt
Index ALPHA CRISIL 1 Year TBill
Kotak Dynamic Bond Fund - Growth
NIFTY Composite Debt Index
CRISIL 1 Year TBill
Since Inception 860 846 014 648 28659 28180 22287
Last 1 Year 685 790 -105 547 10683 10788 10546
Last 3 Years 921 934 -013 665 13022 13068 12127
Last 5 Years 912 868 044 656 15470 15161 13739
Scheme Inception date is 06032008 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Low Duration Fund As on 26 Feb 2021
Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Fund As on 26 Feb 2021
90
Mar 06 2008Kotak Low Duration
Fund - GrowthNIFTY Low Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Low Duration Fund - Growth
NIFTY Low Duration Debt Index
CRISIL 1 Year TBill
Since Inception 769 827 -058 648 26178 28053 22605
Last 1 Year 669 594 075 547 10667 10592 10546
Last 3 Years 760 723 037 665 12455 12326 12127
Last 5 Years 774 735 039 656 14514 14256 13739
Nov 25 1999Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
ALPHA CRISIL 10 Year Gilt Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 878 NA NA NA 59893 NA NA
Last 1 Year 672 765 -093 493 10670 10763 10492
Last 3 Years 879 912 -033 894 12872 12990 12927
Last 5 Years 800 859 -058 734 14692 15093 14246
Scheme Inception date is 02052002 Mr Deepak Agrawal has been managing the fund since 11072007 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Short Term Fund on 26 Feb 2021
Scheme Inception date is 21092007 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Corporate Bond Fund on 26 Feb 2021
91
May 02 2002Kotak Bond Short Term
Fund - GrowthNIFTY Short Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Bond Short Term Fund - Growth
NIFTY Short Duration Debt Index
CRISIL 1 Year TBill
Since Inception 772 793 -021 607 40606 42094 30324
Last 1 Year 720 797 -077 547 10718 10794 10546
Last 3 Years 815 828 -013 665 12648 12692 12127
Last 5 Years 785 808 -024 656 14585 14746 13739
Sep 21 2007Kotak Corporate Bond
Fund - GrowthCRISIL Corporate Bond
Composite Index ALPHA CRISIL 1 Year TBill
Kotak Corporate Bond Fund - Growth
CRISIL Corporate Bond Composite Index
CRISIL 1 Year TBill
Since Inception 818 939 -120 645 28790 33407 23163
Last 1 Year 741 793 -052 547 10739 10791 10546
Last 3 Years 838 894 -057 665 12726 12927 12127
Last 5 Years 830 885 -055 656 14898 15277 13739
Scheme Inception date is 11052010 Mr Deepak Agrawal has been managing the fund since 12042010 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Credit Risk Fund As on 26 Feb 2021
Scheme Inception date is 21032014 Mr Deepak Agrawal has been managing the fund since 22062015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Medium Term Fund As on 26 Feb 2021
92
May 11 2010Kotak Credit Risk Fund -
GrowthNIFTY Credit Risk Bond
Index ALPHA CRISIL 1 Year TBill
Kotak Credit Risk Fund -Growth
NIFTY Credit Risk Bond Index
CRISIL 1 Year TBill
Since Inception 808 930 -121 671 23159 26128 20167
Last 1 Year 455 987 -532 547 10453 10984 10546
Last 3 Years 702 900 -198 665 12253 12946 12127
Last 5 Years 755 900 -145 656 14384 15380 13739
Mar 21 2014Kotak Medium Term
Fund - GrowthNIFTY Medium Duration
Debt Index ALPHA CRISIL 10 Year Gilt
Kotak Medium Term Fund - Growth
NIFTY Medium Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 812 900 -088 826 17192 18192 17350
Last 1 Year 456 873 -417 493 10455 10871 10492
Last 3 Years 650 902 -252 894 12078 12954 12927
Last 5 Years 730 863 -133 734 14218 15121 14246
Kotak Balanced Advantage Fund Performance as on 26 Feb 2021
Scheme Inception date is 03082018 Mr Harish Krishnan Mr Abhishek Bisen have been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the periodhave been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point(PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark Alpha is difference ofscheme return with benchmark return
Kotak Debt Hybrid Fund Performance as on 26 Feb 2021
Scheme Inception date is 02122003 Mr Abhishek Bisen has been managing the fund since 01042008 Mr Devender Singhal has been managing the fund since 25082015Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (CompoundedAnnualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of SchemeBenchmark Name of Additional BenchmarkThe performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark returnTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant(PRI)The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using compositeCAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return 93
Aug 03 2018Kotak Balanced
Advantage Fund -Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA Nifty 50 TRI
Kotak Balanced Advantage Fund -
Growth
NIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1092 1167 -075 1130 13052 13281 13166
Last 1 Year 1849 2142 -292 3137 11844 12135 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Dec 02 2003Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
ALPHA CRISIL 10 Year Gilt Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
CRISIL 10 Year Gilt
Since Inception 809 855 -045 582 38280 41141 26537
Last 1 Year 1502 1166 336 493 11497 11162 10492
Last 3 Years 923 1010 -086 894 13030 13341 12927
Last 5 Years 1046 1030 017 734 16443 16319 14246
Kotak Asset Allocator Fund as on 26 Feb 2021
Scheme Inception date is 09082004 Mr Devender Singhal amp Mr Arjun Khanna has been managing the fund since 09052019 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using composite CAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return
Scheme Inception date is 29121998 Mr Abhishek Bisen has been managing the fund since 15042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Gilt Fund As on 26 Feb 2021
94
Aug 09 2004Kotak Asset Allocator
Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA SampP BSE SENSEX TRI
Kotak Asset Allocator Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index SampP BSE SENSEX TRI
Since Inception 1578 1221 357 1579 113266 67426 113398
Last 1 Year 2928 2142 786 3000 12919 12135 12990
Last 3 Years 1462 1199 262 1422 15051 14043 14894
Last 5 Years 1464 1355 109 1789 19793 18868 22764
Dec 29 1998Kotak Gilt Fund -
GrowthNIFTY All Duration G-Sec
Index ALPHA CRISIL 10 Year Gilt
Kotak Gilt Fund -Growth
NIFTY All Duration G-Sec Index
CRISIL 10 Year Gilt
Since Inception 951 NA NA NA 74952 NA NA
Last 1 Year 768 641 128 493 10766 10639 10492
Last 3 Years 980 1001 -021 894 13234 13311 12927
Last 5 Years 892 848 044 734 15325 15020 14246
Kotak Pioneer Fund as on 26 Feb 2021
Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Different plans have different expense structure The performance details provided herein are of regular plan 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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
95
Oct 31 2019Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
ALPHA Nifty 50 TRI Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
Nifty 50 TRI
Since Inception 3678 2467 1211 1752 15149 13397 12386
Last 1 Year 5550 4230 1320 3137 15531 14216 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Feb 25 2008Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
ALPHA Nifty 50 TRI
Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
Nifty 50 TRI
Since Inception 719 133 586 951 24675 11876 32619
Last 1 Year 2940 3064 -124 3137 12931 13054 13127
Last 3 Years 405 243 162 1288 11265 10746 14378
Last 5 Years 1332 1089 243 1729 18676 16760 22189
Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 01022015
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Infrastructure amp Economic Reform Fund as on 26 Feb 2021
96
Feb 20 2018Kotak India Growth Fund -
Series IV - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series IV - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1462 1173 289 1328 15099 13979 14570
Last 1 Year 6667 3224 3443 3137 16644 13214 13127
Last 3 Years 1471 1135 335 1288 15087 13803 14378
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 20022018 Mr Devender Singhal has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak India Growth Fund Series IV as on 26 Feb 2021
Kotak India Growth Fund Series V as on 26 Feb 2021
May 15 2018Kotak India Growth Fund -
Series V - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series V - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1389 1146 243 1265 14372 13534 13939
Last 1 Year 4661 3224 1437 3137 14646 13214 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak Smallcap Fund Performance as on 26 Feb 2021
Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the TotalReturn variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
97
Kotak Smallcap Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1930000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 8187177 3266871 1617790 1001229 576604 190906
Scheme Returns () 1620 1905 1843 2067 3331 12808
NIFTY Smallcap 100 (TRI) Returns () 1048 1159 1036 1161 2174 12178
Alpha 572 746 808 905 1158 630
NIFTY Smallcap 100 (TRI) (Rs) 4794025 2190608 1213472 802393 493594 187746
Nifty 50 (TRI) (Rs)^ 5809863 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1256 1341 1364 1570 1947 6633
Scheme Inception - February 242005 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Feb 24 2005Kotak Smallcap Fund -
GrowthNIFTY Smallcap 100 TRI ALPHA Nifty 50 TRI
Kotak Smallcap Fund -Growth
NIFTY Smallcap 100 TRI Nifty 50 TRI
Since Inception 1648 1274 375 1440 115182 68229 86309
Last 1 Year 5224 4358 866 3137 15207 14344 13127
Last 3 Years 1309 -017 1326 1288 14460 9950 14378
Last 5 Years 2040 1419 622 1729 25291 19406 22189
Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) Performance as on 26 Feb 2021
98
Kotak Flexi Cap Fund (Previously known as Kotak Select Standard Multi Cap Fund)
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1380000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 3453492 2729977 1380165 856388 468086 156611
Scheme Returns () 1505 1571 1397 1426 1792 6240
Nifty 200 (TRI) Returns () 1288 1368 1351 1514 1931 6874
Alpha 218 204 045 -088 -139 -634
Nifty 200 (TRI) (Rs) 3011611 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 2974930 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1268 1341 1364 1570 1947 6633
Scheme Inception - September 11 2009 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 11 2009Kotak Flexi Cap Fund -
GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak Flexi Cap Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1391 1156 235 1140 44527 35062 34492
Last 1 Year 2497 3224 -727 3137 12489 13214 13127
Last 3 Years 1082 1135 -054 1288 13604 13803 14378
Last 5 Years 1738 1719 020 1729 22274 22089 22189
Kotak Emerging Equity Fund Performance As on 26 Feb 2021
Scheme Inception date is 30032007 Mr Pankaj Tibrewal has been managing the fund since 27052010 Different plans have different expense structure The performance detailsprovided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circulardated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha isdifference of scheme return with benchmark return
99
Kotak Emerging Equity Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1680000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 6176383 3334607 1562085 940171 526485 173627
Scheme Returns () 1705 1943 1745 1807 2647 9422
Nifty Midcap 100 (TRI) Returns () 1388 1480 1370 1440 2237 9753
Alpha 316 463 375 368 410 -332
Nifty Midcap 100 (TRI) (Rs) 4795200 2599125 1367070 859342 497885 175354
Nifty 50 (TRI) (Rs)^ 4226246 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1229 1341 1364 1570 1947 6633
Scheme Inception - March 30 2007 The returns are calculated by XIRR approach assuming investment of 10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Mar 30 2007Kotak Emerging Equity
Fund - GrowthNifty Midcap 100 TRI ALPHA Nifty 50 TRI
Kotak Emerging Equity Fund - Growth
Nifty Midcap 100 TRI Nifty 50 TRI
Since Inception 1320 1332 -012 1138 56228 57054 44823
Last 1 Year 3676 3998 -322 3137 13664 13985 13127
Last 3 Years 1207 679 528 1288 14070 12177 14378
Last 5 Years 1997 1624 372 1729 24836 21217 22189
Kotak Tax Saver Fund Performance as on 26 Feb 2021
Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
100
Kotak Tax Saver Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1840000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5208479 2557585 1384584 874589 483657 158907
Scheme Returns () 1251 1450 1406 1511 2027 6660
Nifty 500 (TRI) Returns () 1244 1387 1367 1525 1992 7206
Alpha 007 063 038 -014 035 -546
Nifty 500 (TRI) (Rs) 5177617 2472906 1365740 877640 481312 161867
Nifty 50 (TRI) (Rs)^ 5074950 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1221 1341 1364 1570 1947 6633
Scheme Inception - November 23 2005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initialand final value and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Nov 23 2005Kotak Tax Saver Fund -
GrowthNifty 500 TRI ALPHA Nifty 50 TRI
Kotak Tax Saver Fund -Growth
Nifty 500 TRI Nifty 50 TRI
Since Inception 1217 1303 -085 1328 57797 64882 67113
Last 1 Year 2685 3347 -662 3137 12677 13337 13127
Last 3 Years 1219 1086 133 1288 14116 13621 14378
Last 5 Years 1741 1731 010 1729 22304 22207 22189
Kotak Equity Opportunities Fund Performance as on 26 Feb 2021
Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012 Different plans have different expense structure The performance details provided hereinare of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRAMFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
101
Kotak Equity Opportunities Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1980000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 7635338 2664264 1403160 880871 486395 158045
Scheme Returns () 1478 1526 1443 1540 2067 6502
Nifty 200 (TRI) Returns () 1281 1368 1351 1514 1931 6874
Alpha 197 158 092 026 136 -373
Nifty 200 (TRI) (Rs) 6308482 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 6292270 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1279 1341 1364 1570 1947 6633
Scheme Inception - September 09 2004 The returns are calculated by XIRR approach assuming investment of Rs 10000- 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 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 TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 09 2004Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI ALPHA Nifty 50 TRI Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1831 1537 294 1555 159694 105534 108232
Last 1 Year 2771 3224 -453 3137 12762 13214 13127
Last 3 Years 1158 1135 023 1288 13887 13803 14378
Last 5 Years 1791 1719 072 1729 22776 22089 22189
Kotak Bluechip Fund Performance as on 26 Feb 2021
Since inception date of Kotak Bluechip Fund - Reg Growth is 4022003 Mr Harish Krishnan has been managing the fund since 01012014Different plans have different expense structure Theperformance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000-investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 theperformance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the schemebenchmark performance is calculated using composite CAGR of SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Since Inception date of KotakBluechip Fund- Dividend plan is 29121998 Alpha is difference of scheme return with benchmark return
102
Kotak Bluechip Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 2170000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 9909049 2429408 1342358 867738 482271 158190
Scheme Returns () 1497 1354 1319 1479 2006 6528
Nifty 50 (TRI) Returns () 1393 1341 1364 1570 1947 6633
Alpha 103 013 -045 -091 059 -105
Nifty 50 (TRI) (Rs) 8857197 2412890 1363994 887303 478297 158761
SampP BSE SENSEX (TRI) (Rs)^ 9110194 2472879 1393707 907359 481833 157647
SampP BSE SENSEX (TRI) Returns () 1419 1387 1424 1662 2000 6429
Scheme Inception - December 29 1998 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the scheme benchmark SIP Performance is calculated by taking SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Alpha is difference of scheme return with benchmark return
Feb 04 2003Kotak Bluechip Fund -
GrowthNifty 50 TRI ALPHA SampP BSE SENSEX TRI
Kotak Bluechip Fund -Growth
Nifty 50 TRI SampP BSE SENSEX TRI
Since Inception 1967 1722 246 1738 256865 176573 181028
Last 1 Year 3007 3137 -130 3000 12998 13127 12990
Last 3 Years 1181 1288 -107 1422 13975 14378 14894
Last 5 Years 1575 1729 -154 1789 20767 22189 22764
Kotak India EQ Contra Fund as on 26 Feb 2021
Jul 27 2005Kotak India EQ Contra
Fund - GrowthNifty 100 TRI ALPHA Nifty 50 TRI
Kotak India EQ Contra Fund - Growth
Nifty 100 TRI Nifty 50 TRI
Since Inception 1321 1408 -088 1388 69209 78041 75924
Last 1 Year 3123 3120 003 3137 13113 13110 13127
Last 3 Years 1293 1191 102 1288 14396 14010 14378
Last 5 Years 1830 1719 110 1729 23155 22098 22189
Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
103
Kotak India EQ Contra Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1880000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5753810 2581589 1412974 907013 487708 163570
Scheme Returns () 1309 1467 1463 1660 2087 7522
Nifty 100 (TRI) Returns () 1268 1363 1351 1519 1891 6526
Alpha 041 104 112 141 195 996
Nifty 100 (TRI) (Rs) 5543589 2441380 1357611 876201 474636 158175
Nifty 50 (TRI) (Rs)^ 5371562 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1233 1341 1364 1570 1947 6633
Scheme Inception - July 272005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initial and finalvalue and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Other Funds Managed by Mr Deepak Agarwal
Mr Deepak Agrawal manages 12 funds amp All FMPs of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan (Kotak Bond Short Term Fund (May 02 02) Kotak Dynamic Bond Fund (May 26 08) Kotak Money Market Fund (Nov 25 07) Kotak Liquid Fund (Nov 04 03) Kotak Banking and PSU Debt Fund (Dec 29 98) Kotak Savings Fund (Jul 11 07) Kotak Credit Risk Fund (May 11 10) Kotak Medium Term Fund (Mar 21 14) Kotak Low Duration Fund (Jan 31 15) Kotak Corporate Bond Fund (Sep 21 07) Kotak Overnight Fund (Jan 15 19) All Fixed Maturity Plans in existence (Aug 1315) Kotak Floating Fund (May 14 2019)
Kotak Floating Rate Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 14052019 Mr Deepak Agrawal has been managing the fund since 14052019Kotak Banking and PSU Debt Fund - Growth Name of the Benchmark - CRISIL Banking and PSU Debt Index Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008Kotak Savings Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 13082004 Mr Deepak Agrawal has been managing the fund since 01042008Kotak Liquid Fund - Growth Name of the Benchmark - NIFTY Liquid Index Scheme Inception date is 04112003 Mr Deepak Agrawal has been managing the fund since 01052007Kotak Overnight Fund - Growth Name of the Benchmark - NIFTY 1D Rate Index Scheme Inception date is 15012019 Mr Deepak Agrawal has been managing the fund since 15012019Kotak Money Market Fund - Growth Name of the Benchmark - NIFTY Money Market Index Scheme Inception date is 14072003 Mr Deepak Agrawal has been managing the fund since 01112006
104
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Floating Rate Fund - Growth 808 514 NA NA NA NA 772 610
Kotak Banking and PSU Debt Fund - Growth 744 632 894 868 846 854 753 NA
Kotak Savings Fund - Growth 524 514 684 696 705 716 760 797
Bottom 3
Kotak Money Market Fund - Growth 520 471 692 638 699 672 728 742
Kotak Liquid Fund - Growth 377 388 577 582 627 624 715 717
Kotak Overnight Fund - Growth 296 312 NA NA NA NA 429 443
Funds Managed by Mr Harsha Upadhyaya
Mr Harsha Upadhyaya manages 4 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Opportunities Fund (Sep 9 04) Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) (Sep 11 09) Kotak Tax Saver Fund (Nov 2305)
Funds Managed by Mr Pankaj Tibrewal
Mr Pankaj Tibrewal manages 3 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Small Cap Fund (Feb 2405) Kotak Emerging Equity Fund (Mar 3007) Kotak Equity Hybrid Fund (Nov 2599) Kotak Smallcap Fund - Growth Name of the Benchmark - NIFTY Smallcap 100 TRI Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010 Kotak Equity Hybrid Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008
105
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Equity Opportunities Fund - Growth 2771 3224 1158 1135 1791 1719 1831 1537
Kotak Tax Saver Fund - Growth 2685 3347 1219 1086 1741 1731 1217 1303
Kotak Flexi Cap Fund - Growth 2497 3224 1082 1135 1738 1719 1391 1156
Kotak ESG Opportunities Fund - Growth Kotak ESG Opportunities Fund has not yet completed 1 year from Inception the performance of the scheme is not disclosed
Kotak Equity Opportunities Fund - Growth (Erstwhile Kotak Opportunities) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012
Kotak Tax Saver Fund - Growth Name of the Benchmark - Nifty 500 TRI Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015
Kotak Flexi Cap Fund - Growth (Erstwhile Kotak Standard Multicap Fund) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Small Cap Fund - Growth 5224 4358 1309 -017 2040 1419 1648 1274
Kotak Emerging Equity Fund - Growth 3676 3998 1207 679 1997 1624 1320 1332
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Funds Managed by Mr Hiten Shah
Mr Hiten Shah manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Balanced Advantage Fund (Aug 03 18) Kotak Equity Savings Fund (Oct 13 2014) Kotak Equity Arbitrage Fund (Sep 29 05) Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Equity Arbitrage Fund - Growth Name of the Benchmark - Nifty 50 Arbitrage Index Scheme Inception date is 29092005 Mr Hiten Shah has been managing the fund since 03102019
Funds Managed by Ms Shibani Kurian
Ms Shibani Kurian manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak India EQ Contra Fund - Growth (July 27 05) Kotak India Growth Fund Series 7 (Aug 31 18) Kotak Focused Equity fund (Jul 16 19) Kotak India EQ Contra Fund - Growth (Erstwhile Classic Equity Fund) Name of the Benchmark - Nifty 100 TRI Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak India Growth Fund - Series 7 - Growth Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 31082018 Ms Shibani Kurian has been managing the fund since 09052019
106
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Balanced Advantage Fund - Growth 1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Kotak Equity Arbitrage Fund - Growth 354 186 539 454 577 484 713 NA
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak India EQ Contra Fund - Growth 3123 3120 1293 1191 1830 1719 1321 1408
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak India Growth Fund - Series 7 - Growth 2018 3137 NA NA NA NA 1042 1037
Other Funds Managed by Mr Harish Krishnan
Mr Harish Krishnan manages 7 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak BluechipFund (Feb 04 03) Kotak Infrastructure amp Economic Reform Fund (Feb 25 08) Kotak India Growth Fund Series 5 (May1518) Kotak Balanced Advantage Fund (Aug 0318) Kotak Equity Savings Fund (Oct 13 14) Kotak Focused Equity fund (Jul 16 19) Kotak Pioneer Fund (Oct 31 19
Kotak Pioneer Fund - Growth Name of the Benchmark - 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Kotak India Growth Fund Series 5- Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018Kotak Bluechip Fund - Growth (Erstwhile Kotak 50) Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 04022003 Mr Harish Krishnan has been managing the fund since 15112013Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Infrastructure and Economic Reform Fund - Growth Name of the Benchmark - India Infrastructure Index (Customised Index by IISL) Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 31012015
107
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Pioneer Fund - Growth 5550 4230 NA NA NA NA 3678 2467
Kotak India Growth Fund - Series 5 - Growth 4661 3224 NA NA NA NA 1389 1146
Kotak Bluechip Fund - Growth 3007 3137 1181 1288 1575 1729 1967 1722
Bottom 3
Kotak Infrastructure and Economic Reform Fund -Growth
2940 3064 405 243 1332 1089 719 133
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Other Funds Managed by Mr Abhishek Bisen
Mr Abhishek Bisen manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Hybrid Fund (Nov 05 2014) Kotak Debt Hybrid Fund (Dec 02 03) Kotak Bond Fund (Regular Plan) (Apr 15 08) Kotak Gilt Fund (Regular amp PF-Trust) (Dec 29 98) Kotak Equity Savings Fund (Oct 13 14) Kotak Gold ETF (Jul 27 07) Kotak Gold Fund (Mar 25 11) Kotak Balanced Advantage Fund (Aug 03 18)
Kotak Gold Fund - Growth Name of the Benchmark - Price of Gold Scheme Inception date is 25032011 Mr Abhishek Bisen has been managing the fund since 04032011Kotak Gold ETF Name of the Benchmark - Price of Gold Scheme Inception date is 27072007 Mr Abhishek Bisen has been managing the fund since 15042008 amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Equity Hybrid Fund - Growth (Erstwhile Kotak Balance) Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 and Kotak Equity Hybrid Fund - Regular plan scheme inception date is 3rd November 2014 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008Kotak Bond Fund - Growth Name of the Benchmark - NIFTY Medium to Long Duration Debt Index Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Balanced Advantage Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 5050 Index Scheme Inception date is 03082018 Mr Abhishek Bisen amp Mr Harish Krishnan has been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019
108
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Kotak Balanced Advantage Fund - Growth1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth1314 963 790 704 934 816 837 719
Bottom 3
Kotak Gold Fund - Growth 741 765 1445 1467 887 860 671 815
Kotak Gold ETF 710 765 1380 1467 764 860 1178 1290
Kotak Bond Fund - Growth 672 765 879 912 800 859 878 NA
Other Funds Managed by Mr Devender Singhal
Mr Devender Singhal manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak DebtHybrid Fund - Growth (Dec 02 03) Kotak India Growth Fund Series-4 (Feb 14 18) Kotak NV20 ETF (Dec 01 15) Kotak Banking ETF (Dec 10 14) Kotak Sensex ETF (Jun 06 08) Kotak Asset AllocatorFund (Aug 09 04) Kotak PSU Bank ETF (Nov 08 07) Kotak Nifty ETF (Feb 02 10)
Kotak India Growth Fund - Series 4 - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 14022018 Mr Devender Singhal has been managing the fund since 24012019Kotak NV20 ETF - Name of the Benchmark Nifty 50 Value 20 TRI Scheme Inception date is 01122015 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Sensex ETF Name of the Benchmark - SampP BSE SENSEX TRI Scheme Inception date is 06062008 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Nifty ETF Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 02022010 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Banking ETF Name of the Benchmark - Nifty Bank TRI Scheme Inception date is 10122014 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak PSU Bank ETF - Name of the Benchmark Nifty PSU Bank TRI Scheme Inception date is 08112007 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019
109
Scheme Name
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak India Growth Fund - Series 4 -Growth
6667 3224 1471 1135 NA NA 1462 1173
Kotak NV20 ETF 3937 4355 1526 1660 1902 2002 1643 1620
Kotak Nifty ETF 3078 3137 1261 1288 1647 1729 1044 1181
Bottom 3
Kotak Sensex ETF 2955 3000 1390 1422 1696 1789 982 1097
Kotak PSU Bank ETF 2203 2303 -876 -807 248 359 -163 -014
Kotak Banking ETF 1749 1948 1108 1183 2008 2068 1087 1132
Fund Type of Scheme
Kotak Equity Opportunities Fund Large amp Mid Cap Fund - An open ended equity scheme investing in both large cap and mid cap stocks
Kotak Small Cap Fund Small cap fund - An open-ended equity scheme predominantly investing in small cap stocks
Kotak Emerging Equity Fund Mid Cap Fund - An open ended equity scheme predominantly investing in mid cap stocks
Kotak Tax Saver Fund An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
Kotak Balanced Advantage Fund Open ended Dynamic Asset Allocation Fund
Kotak Pioneer Fund An open ended equity scheme investing in pioneering innovations theme
Kotak India EQ Contra Fund An open-ended equity scheme following contrarian investment strategy
Kotak Debt Hybrid Fund An open ended hybrid scheme investing predominantly in debt instruments
Kotak Bluechip Fund Large cap fund - An open-ended equity scheme predominantly investing in large cap stocks
Kotak Asset Allocator FundAn open ended fund of fund scheme investing in specified open-ended equity and debt Schemes of Kotak Mahindra
Mutual Fund
Kotak Equity Arbitrage Fund An open ended scheme investing in arbitrage opportunities
Kotak Equity Savings Fund An open ended scheme investing in equity arbitrage and debt
Kotak Flexicap Fund Flexicap Fund - An open ended dynamic equity scheme investing across large cap mid cap small cap stocks
Kotak Focused Equity Fund An open ended equity scheme investing in maximum 30 stocks in large-cap mid-cap and small-cap category
Kotak Floating Rate Fund An open ended debt scheme predominantly investing in floating rate instruments
Kotak Equity Hybrid Fund An open-ended hybrid scheme investing predominantly in equity and equity related instruments
Kotak International REIT FoFAn open ended fund of fund scheme investing in units of SMAM ASIA REIT Sub Trust fund andor other similar overseas
REIT funds
Kotak ESG Opportunities FundAn open ended equity scheme which follows the Environment Social and Governance (ESG) theme with flexibility of
investing across market capitalization 110
Fund Type of Scheme
Kotak Overnight Fund An open ended debt scheme investing in overnight securities
Kotak Gilt Fund An open ended debt scheme investing in government securities across maturity
Kotak Money Market Fund An open ended debt scheme investing in money market instruments
Kotak Savings Fund An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months
Kotak Bond Short Term Fund An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years
Kotak Corporate Bond Fund An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds
Kotak Credit Risk Fund An open ended debt scheme predominantly investing in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds)
Kotak Banking amp PSU Debt Fund An open ended debt scheme predominantly investing in Debt instruments of banks Public Sector Undertakings Public Financial Institutions and Municipal Bonds
Kotak Liquid Fund An open ended liquid scheme
Kotak Low Duration Fund An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months
Kotak Medium Term Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years
Kotak Dynamic Bond Fund An open ended dynamic debt scheme investing across duration
Kotak Bond Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years
Kotak India Growth Fund Series 5
Multicap Fund - A 1099 days close ended equity scheme investing across large cap midcap and small cap stocks
Kotak India Growth Fund Series 4
Multicap Fund - A 36 months close ended equity scheme investing across large cap midcap and small cap stocks
Kotak Infrastructure amp Economic Reform Fund
An open ended equity scheme following Infrastructure amp Economic Reform theme
111
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 112
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 113
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 114
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 115
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 116
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector biasKotak India Growth Series 4
Kotak India Growth Series 5bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector bias
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 117
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 118
Kotak Liquid Fund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Thank You
Stay Safe Stay Healthy and Stay Invested
119
Indiarsquos Debt To GDP VS Major Economies
16Source Economic Survey 2020-21
Indiarsquos Public Debt To GDP Has Been Significantly Low Compared To Other Countries
Governmentrsquos Reform Momentum To Bolster Potential Growth
17Source Elara Securities
18
V Shaped Recovery
Source HIS Markit Bloomberg Index reading above 50 signals growth Score is generated on the three-month weighted averages of the indicators against the past thirty months of historical data
Domestic and overseas demand hold up for Indian companies
Nomura India Business Resumption Index Is Almost At Pre-Pandemic Levels
19
The resurgence of COVID-19 could represent a downside risk
Source Google Apple CMIE Bloomberg and Nomura Global Economics
PLI Schemes Can Add 16 To FY27 GDP amp Encourage Domestic Industry
Source RAVE Credit Suisseestimates 20
Real Estate Should Support Economic Recovery
Source The BLOOMBERG PROFESSIONALTM service Credit Suisse estimates
Mortgage rates have fallen to record lowsAffordability levels at all-time high
Source SBI HDFC Jefferies 21
Budget Aims For Ambitious Infra Spending In FY22
22
Budget has laid ambitious target for FY22 spending Infrastructure capex allocation for FY22 is steep execution key
Source Budget Elara Securities Research
Risk
23
Covid 19 Isnrsquot Yet Over
24Source Times of India
Upside Risks To Inflation Remain
25
Source CEIC UBS
RBI Survey Indicates Confidence Still Lagging
26Source RBI
Unemployment is Down but Income
27
CMIE Series of Unemployment unemployment rate (UER) (gt=15)
Unemployment Rate 30 day moving average ()
Unemployment Rate01 Mar 2021
Source CMIEcom
Equity Markets
28
Sare Jahan Se Acha Hindustan Hamara
Source Axis Capital29
-240
-168
-79
-72
-56
-26
-18
39
266(USD bn)
12 MONTHS FPI FLO W (Feb20 to Feb21)
India
Brazil
Indonesia
Philippines
Malaysia
South Africa
Thailand
Taiwan
South Korea
Source Bloomberg Axis Capital As on 28th February 2021 Past Performance may or may not sustain in the future
Performance Across Market Cap
Performance as on 28th Feb 2021 Sectoral Performance CY20 YTD ()
66
113 122
297
386 418
115
58
(12)
156 151 130
105 122
92
(10)
0
10
20
30
40
50
Nifty-50 Nifty Midcap 100 NSE SmallCap 100
1m returns 1y returns 3 yr CAGR 5 yr CAGR 10 yr CAGR
14
12
4
17
11 11 11 11
8
65
0
-1
-5
-8
Sma
llcap
10
0
Mid
cap
100
NIF
TY
50
Me
tals
Rea
lty
Ban
k
Ener
gy
Au
to
Pri
vate
Ban
ks
Fin
anci
als
Secv
ice
s
IT S
erv
ice
s
Me
dia
FMC
G
Ph
arm
a
30
Bumper Results for Dec 20 Quarter
31
Source MOSL Research
193 Cos Actual Expected
Sales 0 -2
EBITDA 19 15
PBT 33 20
PAT 31 17
NIFTY 50 Cos Actual Expected
Sales -1 -2
EBITDA 15 10
PBT 23 9
PAT 22 7
Significant Profit Pool Expansion Seen In PSU Banks Cement Auto And Auto Ancillary And Metals
32
Source ICICI Securities Internal Analysis Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
Profit Growth By Sectors
Nifty Earnings Are Expected To Accelerate Sharply Over Next Two Years
33Source NSE Company data IIFL Research Note Based on IIFL estimates
236 285 310 333
372 402 404 386
418 414
483 457 508
685
796
(41)
207
89 74
117
81
05
(45)
83
(10)
167
(54)
111
349
163
(10)
(5)
0
5
10
15
20
25
30
35
40
0
100
200
300
400
500
600
700
800
900
FY0
9
FY1
0
FY1
1
FY1
2
FY1
3
FY1
4
FY1
5
FY1
6
FY1
7
FY1
8
FY1
9
FY2
0
FY2
1ii
FY2
2ii
FY2
3ii
Rs (LHS) YoY (RHS)
Nifty EPS
Valuation Wise ndash Neutral Weight Momentum Wise - Overweight
Neutral weight doesnt mean selling equity It means profitbooking on excess position
34
Market Cap-to-GDP Ratio ndash Above Long Term Average
Market cap-to-GDP ratio Market rebound brings ratio above long term average
OW Equities =Ratio Below Historical Lows Neutral Equities = Ratio at Historical Average
Source Motilal Oswal 35
52
82 83
103
55
95
88
71
64 66
81
69
7983
79
56
104
FY05
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19
FY20
FY21
E
Average of 75 for the period
Valuations Are At The Higher End Of Fair Value
NIFTY PE (x) - 1 Year Forward NIFTY PB (x) - 1 Year Forward
Source Motilal Oswal36
207
8
13
18
23
28
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 179x
31
15
23
30
38
45
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 27x
37
Valuations Above Long Term Average
Source FactSet Kotak Institutional Equities Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
1 Year Forward Sector PE Current 10y Average Premium(discount)
Automobiles 232 158 469Energy 158 110 431Cement 303 219 387
Consumer Discretionary 590 425 387Technology 236 177 331Industrials 250 201 246
Pharmaceuticals 243 222 94Consumers 348 318 94
Metals 93 103 -94Utilities 80 110 -276
Consumer ex ITC 507 394 285Automobiles ex Tata Motors 228 185 231Energy ex Reliance Industries 80 90 -117
1 Year Forward Sector PB Current 10y Average Premium(discount)
Pvt banks 28 25 126PSU banks 10 11 -61
Earnings Are Increasing
38Source Bloomberg
QuarterReported PAT for NSE 500
Rs in CroreAnnualised PAT on Dec 20
Dec 19 122235
Mar 20 53406
June 20 32400
Sept 20 176786 707144
Dec 20 209795 839180
TTM 472387
Market Cap (280221) 18850128
PE Ratio 399 225
Highest Ever Quarterly Profit by India Inc
Valuations Are Not As Perceived
39
Company
PE
FY20Q1FY21
(Annualised)Q2FY21
(Annualised)Q3FY21 (Annualised) FY22E
Shree Cement 634 648 439 383 358
Ultra tech Cement 488 484 375 292 321
Mindtree 397 311 261 203 191
Asian Paints 814 2567 663 447 613
Persistent Systems 378 357 315 265 239
Hero Motocorp 190 2782 181 159 183
Bajaj Auto 223 537 249 182 202
Source Company data Kotak estimates Stocks mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of aninvestment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
The data for FY20 Q1Q2Q3 are actuals (annualised in the quarters) while FY22 is estimates
High Nifty Valuations Conceals the bargain opportunities in select Quality stocks
40Source ICICI Securities Internal Analysis
Adjusted PE Shows The True Valuation
Time To Be Neutral Weight To Equities
Marginally OW Small and Midcap
Marginally UW Large cap
Neutral Weight Equity
41
SIP has performed well
42
Patience Pays Off in SIPKotak Emerging Equity Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty Midcap 100 TRI is the benchmark for Kotak Emerging Equity FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund
43
Kotak Emerging Equity Fund Feb-19 Feb-20 Feb-21
10 Yr 1630 1567 1943
7 Yr 1636 1506 1745
5 yr 1024 889 1807
3 yr 324 526 2647
1 yr -984 1316 9422
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1239 991 1480
7 Yr 1212 867 1370
5 yr 736 317 1440
3 yr 079 -333 2237
1 yr -1572 -097 9753
Patience Pays Off in SIPKotak Tax Saver Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 500 TRI is the benchmark for Kotak Tax Saver FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculatingreturn on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting fromthe beginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer todisclaimer slides for scheme information and detailed performance of the fund
44
Kotak Tax Saver Fund Feb-19 Feb-20 Feb-21
10 Yr 1192 1159 1450
7 Yr 1227 1163 1406
5 yr 924 846 1511
3 yr 631 574 2027
1 yr -093 480 6660
Nifty 500 TRI Feb-19 Feb-20 Feb-21
10 Yr 1138 992 1387
7 Yr 1163 916 1367
5 yr 903 658 1525
3 yr 732 201 1992
1 yr -456 -397 7206
Patience Pays Off in SIPKotak Equity Opportunities Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021Returns are for regular plan Nifty 200 TRI is the benchmark for Kotak Equity Opportunities FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund 45
Kotak Equity Opportunities Fund Feb-19 Feb-20 Feb-21
10 Yr 1277 1242 1526
7 Yr 1281 1192 1443
5 yr 923 885 1540
3 yr 576 582 2067
1 yr -313 720 6502
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1140 992 1368
7 Yr 1165 915 1351
5 yr 931 686 1514
3 yr 822 256 1931
1 yr -274 -478 6874
46
Patience Pays Off in SIPKotak Bluechip Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 50 TRI is the benchmark for Kotak Bluechip FundDisclaimer SIP is an optional feature offered by Kotak Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mutual Past performance may or maynot be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating return on investmentsgiven an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from the beginning of thesubsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides forscheme information and detailed performance of the fund
Kotak Bluechip Fund Feb-19 Feb-20 Feb-21
10 Yr 1078 1016 1354
7 Yr 1064 940 1319
5 yr 758 678 1479
3 yr 539 435 2006
1 yr -282 108 6528
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1108 979 1341
7 Yr 1130 918 1364
5 yr 958 772 1570
3 yr 989 429 1947
1 yr 112 -515 6633
47
Equity Investment Opportunity
48
Kotak Pioneer Fund
India Basketbull Approx 80 of portfolio invested in 35 businesses
in India
bull Digital ecosystems
bull China + strategy for manufacturing
bull Consumer discretionary
bull Healthcare
bull Chemicals
bull Fintech
bull Materials
bull Investing in a global fund with a similar pioneering theme ndash CI SignatureTechnology Fund
bull Much more than FANGM (Facebook Amazon Netflix Google Microsoft)
bull FANGM investment less than 5 of CI Signature Technology Fund as on Jan2021
bull Investments in decentralized finance payments ecommercesemiconductor urban transport social media etc
bull The international diversification ndash hedge against the domestic businesscycle and potential of INR depreciation against the USD over the mediumterm
Companies that use technology through process for enduring competitive advantage
International Diversification
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
1 YearSince
Inception(31102019)
Kotak Pioneer Fund - Regular Plan 5550 3678
Benchmark 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI 4230 2467
Nifty 50 TRI 3137 1752
Less than equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
49
Kotak Small Cap Fund
bull Kotak Small Cap Fund Identifies the hidden growth potential of small cap sized companies
bull The essence is to spot them young and watch them grow
bull Kotak Small Cap Fund focus on investing in quality businesses with strong competitive edge run by great management generating high return on capital amp offering sustainable growth with high market potential and available at reasonable valuations
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Scheme Name 1 Year 3 Year 5 Year 7 Year 10 year
Kotak Small Cap Fund - Reg - Growth 5207 1309 2037 2233 1777
Nifty Smallcap 100 TRI 4344 -017 1412 1488 1045
Healthy growth in Revenue EBITDA and PAT in investee companies in the aftermath of COVID 19 ( Q3FY21)
Sales Growth YoY EBITDA Growth YoY PAT Growth YoY
Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21
Kotak Small Cap Fund -243 53 167 173 262 312 -163 311 338
Kotak Asset Allocator Fund ndash An Effective Asset Allocation Medium To Ride The Market
PeriodKotak Asset Allocator
Fund - GrowthNIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1578 1221 1722
Last 5 Year 1464 1355 1729
Last 3 Years 1462 1199 1288
Last 1 Years 2928 2142 3137
Past performance may or may not be sustained in the future Inception date is as of Aug 09 2004
Mutual Fund investments are subject to market risks read all scheme related documentscarefullySource ICRA As on 28th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Return Profile
bull Higher Flexibility of allocation (0-100 in Equities)bull Current equity allocation is 37
50
51
Debt Investors With Marginal Appetite For Equity Can Consider Investment In Kotak Debt Hybrid Fund
bull Fixed income component at ~75 amp above This keeps the volatility low amp relatively marginal level
bull Equity exposure at 25 or less allows the investor to obtain the flavor of equity play without significant risk to capital
bull SWP can be utilized to meet ldquotax efficientrdquo income requirements of the investor
Source ICRA As on 26th Feb 2021 Industry data is from AMFI and Kotak Debt Hybrid data is from CAMS Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Please consult your tax advisor for further details
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Benchmark Crisil Hybrid 85+15 ndash ConservativeIndex
Net Aum flows in Rs Crs over last 12 months()
As on 31st Jan 2021
885
-15540 -14655
Kotak Debt Hybrid Others Total
Time HorizonKotak Debt Hybrid
Fund Nifty 50 TRI Benchmark
1 Year 1502 3137 1166
2 Years 1329 1742 1206
3 Years 923 1288 1010
5 Years 1046 1729 1030
52
Shift Money To Alpha Generating Large Caps
7 Years 5 Years 3 Years 1 Year
Kotak Bluechip Fund ndash Direct Plan 1655 1694 1272 2655
Nifty 50 TRI 1423 1712 1254 2583
bull Kotak Bluechip Fund is flexible in its large cap themes rather than being rigid in different market scenarios
bull It continues to focus on businesses with favourable supply side dynamics
bull Also focuses on capital efficiency with a reasonable track-record of capitalizing on various opportunities
bull There are broadly 4 sub-themes that fund captures now namely Financial Savings Moving from Lockdown to Unlock Consumer Demand amp Global Business
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than 1 year Absolute returns Greater than 1 year Compound Annualized returnsPast performance may or may not be sustained in the future Direct Growth option Inception Date is 1st Jan 2013 (Regular Plan Dividend Option InceptionDate Dec 29 1998)
Should We Invest In Gold
53
Gold
bull We have highlighted risk of import duty being reduced to our gold call
bull The same has played out in this budget as import duty rationalised from 125 to 10 ( 75 Import Duty Plus Agriculture Cess )
bull If the import duty is reduced further to that extent there will be a drop in Rupee Gold prices instantly
bull Subject to that volatility we remain bullish Gold on a longer term basis
bull Gold has corrected in recent times for accumulation
Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before
acting on any information in this communication54
Active VS Passive Funds in Alpha Generation
55
56
Index Funds Underperforms Index
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documentscarefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance ampscheme information of the fund
Fund Category 1 Year 3 Year 5 Year
SampP BSE Sensex TRI 2990 1420 1790
Category Average 2866 1328 1684
Alpha-124 -092 -106
Fund Category 1 Year 3 Year 5 Year
Nifty 50 TRI3130 1290 1730
Category Average 3019 1193 1606
Alpha-111 -097 -124
Less than 1 year Absolute returns Greater than 1 year CAGR
Active Funds Can Give Alpha
bull Active funds canrsquot take more than 10instocks
bull Fund has to keep Cash to meetredemptions
bull Index changes stocks at the closing price with no impact cost
bull Globally Total Return Index is compared with funds gross return ie expenses are added back to performance In India TRI is compared with net return of the fund
bull In Insurance for eg they comparegross return with PRI In MF wecompare TRI with net return
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
57
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years()
Kotak Infrastructure amp Economic Reform Fund - Dir - Growth
3092 538 157 1841
India Infrastructure Index (Customised Index by IISL)
3064 243 1089 895
Alpha 028 295 481 946
Kotak Small Cap Fund - Dir - Growth 5427 1462 2281 2399
Nifty Smallcap 100 TRI 4344 -017 1512 1488
Alpha 1083 1479 769 911
Kotak Emerging Equity Fund - Dir - Growth 3842 1345 2235 2493
Nifty Midcap 100 TRI 3985 679 1739 1814
Alpha -143 666 496 679
Kotak Flexicap Fund - Dir - Growth 2614 1192 1969 1905
Nifty 200 TRI 3214 1135 1826 1498
Alpha -60 057 143 407
Kotak Equity Opportunities Fund - Dir -Growth
2915 1284 2035 1869
Nifty 200 TRI 3214 1135 1826 1498
Alpha -299 149 209 371
Kotak Tax Saver Fund - Dir - Growth 2841 1353 1996 1889
Nifty 500 TRI 3337 1086 1836 1539
Alpha -496 267 16 35
Less than 1 year Absolute returns Greater than 1 year CAGR
58
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years
Kotak India EQ Contra Fund - Dir - Growth 3288 1444 2107 1711
Nifty 100 TRI 311 1191 1826 1468
Alpha 178 253 281 243
Kotak Bluechip Fund - Dir - Growth 315 1307 1812 1644
Nifty 50 TRI 3127 1288 1837 1414
Alpha 023 019 -025 23
Kotak India Growth Fund - Series IV - Dir - Growth 6903 1602 - -
Nifty 200 TRI 3214 1135 - -
Alpha 3689 467 - -
Kotak Pioneer Fund - Dir - Growth 5808 - - -
85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI
423 - - -
Alpha 1578 - - -
Kotak India Growth Fund - Series V - Dir - Growth 4674 - - -
Nifty 200 TRI 3214 - - -
Alpha 146 - - -
Active Funds Can Give Alpha
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
Less than 1 year Absolute returns Greater than 1 year CAGR
Our Funds Have Bounced From The Bottom
Source MFI Explorer As on 26th February 2021 Past performance may or may not sustain in the future Please consult your financial advisor orother professionals before acting on any information in thiscommunication Please refer to the disclaimer slides for scheme information
59
554
791840 853 855 864 906
9551001
12281308
Kotak BalancedAdvantage
Fund
Kotak EquityHybrid Fund
Kotak FlexicapFund
Kotak Tax SaverFund
Kotak EquityOpportunities
Fund
Kotak FocusedEquity Fund
Kotak BluechipFund
Kotak India EQContra Fund
Kotak EmergingEquity Fund
Kotak PioneerFund
Kotak SmallCap Fund
change in NAV of our funds when Nifty 50 was ~7610 (From 23rd Mar 2020 till 26th Feb 2021)
Regular growth Plans performance
Debt Market Outlook
March 2021
60
61
Source Bloomberg
Liquidity is Here To StayMarket may have misread RBI Signal
-9000
-8000
-7000
-6000
-5000
-4000
-3000
-2000
-1000
0
1000
5
55
6
65
7
75
Jun
-19
Jul-
19
Au
g-1
9
Sep
-19
Oct
-19
No
v-1
9
Dec
-19
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
India 10-Year Bond Yield (LHS)
India Banking System Liquidity (RHS)
INR Bn
bull Overnight rates will remain anchored at Reverse Repo rates longer than what market is pricing in bull RBI aims to normalize CRR in the near-term The CRR normalisation opens up space for a variety of market operations to inject
additional liquidity which may induce curve flattening
62
Fear of Liquidity Withdrawal Spooked The Mid-To-Long End (~2-7years) of The Curve
bull Yield Curve is now pricing in more negatives ndash liquidity tightening rate hikes etc
bull Yields have moved up across the curve especially mid to long end of the yield curve
Source Bloomberg
3
4
5
6
7
8
3M 6M 1Y 2Y 3Y 4Y 5Y 6Y 7Y 8Y 10Y 11Y 12Y 13Y 14Y 15Y 23Y 30Y 40Y
India Sovereign Curve ()
01-Mar-21 31-Dec-20 30-Jun-20
Opportunity of value creation exists in the longer end of the curve
The current yield curve is too steep enhancing the case to chase the carry in fixed income as opposed to capital gains
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
FII Activity in Debt Market
Source Axis Capital
USD Mn
63
(1494)
381
(8680)
(1434)
(2695)
402
(534)(142)
471 520 191 1080
(740) (391)
(10500)
(9000)
(7500)
(6000)
(4500)
(3000)
(1500)
0
1500
3000
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
Source MOSPI ICRASource Bloomberg RBI Internal Research Morgan Stanley Research
406
530
00
10
20
30
40
50
60
70
80
Mar
-15
May
-15
Jul-
15
Sep
-15
No
v-1
5
Jan
-16
Mar
-16
May
-16
Jul-
16
Sep
-16
No
v-1
6
Jan
-17
Mar
-17
May
-17
Jul-
17
Sep
-17
No
v-1
7
Jan
-18
Mar
-18
May
-18
Jul-
18
Sep
-18
No
v-1
8
Jan
-19
Mar
-19
May
-19
Jul-
19
Sep
-19
No
v-1
9
Jan
-20
Mar
-20
May
-20
Jul-
20
Sep
-20
No
v-2
0
Jan
-21
CPI Core CPI
Headline Inflation To Remain Range-bound Though Marginally Above The 4 Mark In The Near Term
bull We expect a prolonged pause from the MPC in FY22 and an accommodative stance until late FY22 at least
CPI is still likely to be above the medium-term target of 4 for most of H1-FY22 further rate cuts appear unlikely unless the economic environment worsens significantly
64
65
RBI Remains Committed on OMOOperation Twist To Fund Govt Borrowing
FY 21 (RE) FY 22 (BE)
Gross Market Borrowing 1279788 1205708
Source indiabudgetgovin Internal Estimates BE is Budgetary estimates RE is revised Estimates
(in Rs Crores)
INR 75000 cr OMOOperation Twist already done post budget borrowing announcement
Source CNBC
SDL Spreads Close To Peak Levels Attractive in Terms of Valuation
10yr Central Govt Gilt Yields vs 10yr SDL Yields
Source RBI Jefferies66
Current Spreads Look Attractive For Long Term Investors
Source Bloomberg Citi Research
Spread between 10year Gilt and 1year Gilt Yield MPCrsquos Focus on Term Premia Is Likely To Prevent Imminent Sharp Rise In Bond Yields
Incremental Spreads in 10 Year provides a good cushion to shocks
67
211
0
50
100
150
200
250
300
Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21
Case For Carry Corporate Bond Spreads Show Attractive Valuation Opportunity
Source Bloomberg Jefferies
Corporate AAA Bond Yield ()
68
444
558
3
35
4
45
5
55
6
65
7
75
Mar
-hellip
Ap
r-2
0
May
-hellip
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
1 Year AAA Corporate Bond
3 Year AAA Corporate Bond
450
500
550
600
650
700
750
800
850
1Y 2Y 3Y 4Y 5Y 7Y 10Y
01-Mar-21 29-Jan-21 31-Dec-19
India Corporate Bond Curve
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
69
Market Is Pricing In More Negative News
NABARD Yield Incremental Yield
adjusted for holding period
Protection for Rise in 10 yrNabard (bps)
Breakeven level10 yr Nabard
A 1 yr 425 After 1 yr
10 yr 715 29 051 766
B 2 yr 505 After 2 yr
10 yr 715 21+21=42 084 799
C 3 yr 56 After 3 yr
10 yr 715 155+155+155=455 103 818
Assuming investment HTM in short bonds for respective holding periods Adjusted is incremental yield for 2 yrmultiplied by 2 and 3 yr by 3
Source Internal Analysis The above illustration is not an indication of our portfolio
Debt Outlook
70
bull Liquidity is here to stay much longer than what market is fearing
bull Overnight rates are expected to gradually trend higher as normalisation of rates take place over the course of next 1 year
bull Fear of Liquidity withdrawal has led to sharp spike in OIS- swap yields in 1 yr at 392 and 2 yr at 435 this effectively means forward curve is pricing in almost 3 rate hikes of 25 bp each in Repo rate for the seller of the 2 yr swap to break even In our opinion is too soon and more than what the fundamental situation can justify purely based on inflation outlook
bull Inspite of the recent spike in crude oil prices average headline inflation for FY 22 is in the band of 5-525
bull With comfort on inflation reduction in gold imports stable to appreciating INR (High Fx reserves)We believe RBI will maintain a status quo along with its accommodative stance as there is no big urgency to rush for rate hikes
bull RBI while not giving OMO calendar is actually done decent amount of OMO till now and remain committed for more As the System isflush with liquidity and FX flows coming RBI is constrained to conduct aggressive OMO and add liquidity As the CRR cut reversal announced earlier will take out about 16 lac cr worth liquidity will increase the ability of the RBI to conduct outright OMO vs OT which will be more positive the long bonds
bull For investors it is best to stick to intended investment horizons as volatility would continue to be order of the day
bull Duration investors with appetite for volatility can look to invest in the Gilt Bond and Dynamic Bond Funds space
bull Investors looking for relatively higher YTM can consider Floating rate Fund Medium-Term Fund and Credit Risk Fund segment
bull Investors should stay invested across fixed income strategies ndash as ldquocarryrdquo assumes significance over ldquocapital gainsrdquo
Debt Investment Opportunity
71
Debt Funds Have Generated Good Returns For The Patient Investors
Source MFi Explorer Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to disclaimer slides for detailed performance and scheme information of the funds 72
Fund Name 3 Year Returns of Fund () (CAGR)
Kotak Gilt Fund 980
Kotak Dynamic Bond Fund 921
Kotak Banking and PSU Debt Fund 894
Kotak Bond Fund 879
Kotak Corporate Bond Fund 838
Kotak Bond Short Term Fund 815
Kotak Credit Risk Fund 702
Kotak Medium Term Fund 650
73
Kotak Dynamic Bond Fund Has Outperformed Over Long-Term Since 2018
928
600
650
700
750
800
850
900
950
1000
1050
Feb
-18
Ap
r-1
8
May
-18
Jul-
18
Au
g-1
8
Sep
-18
No
v-1
8
Dec
-18
Jan
-19
Mar
-19
Ap
r-1
9
Jun
-19
Jul-
19
Au
g-1
9
Oct
-19
No
v-1
9
Jan
-20
Feb
-20
Mar
-20
May
-20
Jun
-20
Jul-
20
Sep
-20
Oct
-20
Dec
-20
Jan
-21
Feb
-21
Rolling Returns()
Kotak Dynamic Bond Fund - Reg - Growth NIFTY Composite Debt Index
915
Credit funds carry credit risk and duration dynamic funds carry interest rate risk
Hence our advice to IFA distributors is that they allocate clients money in both dynamic and accrual funds from a 3 year perspective
Source ICRA As on 26th February 2021 The above returns is daily rolling returns for last 36months Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please refer to the disclaimer slides for detailed performance of the fund
Kotak Medium Term Fund
Fund YTM (As on 26 Feb 2021) Respective Segment YieldsIncremental Earnings
(Spread)
Kotak Medium Term Fund 699 3 Year AA 574 125
Source Bloomberg Data as on 26-Feb-2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for performance details amp scheme information
Mutual fund investment are subject to market risks read all scheme related documents carefully
26-Feb-2021 Average Maturity (Years) Modified Duration (Years) Macaulay Duration (Years)
378 263 281
bull Duration of the fund has come down as we expect normalisation of rates to take place over the course of next 1 year We see merit in running lower duration in Medium Term Fund
bull We believe Kotak Medium Term fund is a reasonably attractive investment option for investors with minimum 1 year investment horizon
74
Attractive Yields Across The Segment
Source Bloomberg Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for scheme details
Mutual fund investment are subject to market risks read all scheme related documents carefully 75
458
699 699
389
638 638
0
1
2
3
4
5
6
7
8
Kotak Low Duration Fund Kotak Credit Risk Fund Kotak Medium Term Fund
YTM () (As on 26 Feb 21) Respective Segment Yields ()
1 Year OIS
3 Year AA
3 Year AA
Incremental Spread 069
Incremental Spread 061
Incremental Spread 061
Distributor Engagement
76
Prostart ndash Video Learning Platform
1FINANCIAL PLANNING (10 VIDEOS)
2SOCIAL MEDIA MARKETING (14 VIDEOS)
3UNDERSTANDING RISK IN MFrsquoS (5 VIDEOS)
4TAXATION IN MFrsquoS (2 VIDEOS)
5NEW NORMAL (1 VIDEOS)
6MAXIMIZING DIGITAL CONNECTIONS (2 VIDEOS)
7HANDLING INVESTOR EMOTIONS (4 VIDEOS)
8ACQUIRING NEW CLIENTS (3 VIDEOS)
9THE NEXT WAVE (3 VIDEOS)
77
Over 25000 Participants
have viewed these Videos (Till Feb 2021)
Testimonials
ldquoGood Initiative developed by Kotak MF to enhance knowledge amp practical approach for MFDsrdquo -Md Qaise Ghazali
ldquoVery Knowledgeable Thank You Kotak MF Teamrdquo ndashVikas Jain
10DEBT DEMYSTIFIED (12 VIDEOS)
78
Business Dashboard
Transaction History
Distributor Initiated Transaction
Capital Gain and Account Statement
Prostart
Business Hub
More than 13574 IFArsquos are actively using Business Hub
Dont miss out on the benefits of Business Hub
Co-branding Marketing Material
Business opportunities
Stay Updated Follow us at Kotak Mutual Fund Click here to visit our YouTube Channel
How To Boost Business Using Business Hub
Product Video ndash Now Available In Different Languages
Kotak Bluechip Fund
Debt Market Outlook ndash March 2021
Kotak NASDAQ-100 FOF
How to make money through equity asset allocation (English)
Equity Market Outlook ndash March 2021
HindiGujaratiMarathiTeluguKannadaTamilMalayalamBengali
English ndash Mr Arjun Khanna amp Ms Lakshmi Iyer amp Mr Harsha Upadhyaya
Hindi - Mr Arjun Khanna
79
80
Please Follow Like And Share Kotak Mutual Fundrsquos Official Social Media Pages For Regular Updates
Twitter - KotakMF - httpstwittercomKotakMF
Facebook - KotakMF - httpsfacebookcomKotakMF
YouTube - Kotak Mutual Fund - httpswwwyoutubecomcKotakMutualFundOfficial
Instagram - Kotak Mutual Fund - httpsinstagramcomkotakmfigshid=kr86qg3u973n
LinkedIn - Kotak Mutual Fund - httpswwwlinkedincomcompanykotak-mutual-fund
ANNEXURES
81
Kotak MF Mantra lsquoReturn of Capitalrsquo is more important
Strong Promoters Cashflow backed business Liquidity and Asset Security are key to our investment ideas
82
Rating amp Category Breakup Across Kotak MF Open-Ended Debt Funds
Data As on 26 Feb 2021
We follow our investment process of focussing on credit quality and liquidity profile of our debt funds and maintain high degree of transparency for investors
Please consult your financial advisor or other professionals before acting on any information in this communication
It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Mutual fund investments are subject to market risks read all scheme related documents carefully
Feb-21 April-20
Credit Rating of Open-Ended Debt Funds of Total AUM of Total AUM
TbillG-SecSDLAAAA1+Cash 9393 9281
AA+ 228 165
AA 248 290
AA- 087 142
Below AA- 043 122
Grand Total (AUM) (INR Cr) 11895880 78624
The above rating allocation does not include NCA (Net Current Assets)
83
bull At Kotak MF we have zero borrowing across all our funds as on 26 Feb 2021
Mutual fund investments are subject to market risks read all scheme related documents carefully
Liquidity Position Of Kotak MF Debt Funds As said earlier our incremental allocation has gone into higher quality assets
Name of the Fund Fund Category of AUM in AAA (Long Term) or
A1+ (Short Term) Sovereign Debt Cash amp NCA (Dec 2020)
of AUM in AAA (Long Term) or A1+ (Short Term) Sovereign Debt
Cash amp NCA (Apr 2020)
Non-Credit Strategies
Kotak Liquid Fund Liquid 100 100
Kotak Money Market Fund Money Market 100 100
Kotak Corporate Bond Fund Corporate Bond 100 100
Kotak Bond Short Term Fund Short Duration 100 100
Kotak Bond Fund Medium to Long Duration 96 86
Kotak Dynamic Bond Fund Dynamic Bond 92 85
Kotak Savings Fund Ultra Short Duration 91 87
Kotak Banking and PSU Debt Fund
Banking and PSU 88 79
Kotak Low Duration Fund Low Duration 85 52
Credit Strategies
Kotak Medium Term Fund Medium Duration 63 50
Kotak Credit Risk Fund Credit Risk 36 27
As on 26 Feb 2021It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Please refer to the disclaimer slides for scheme details
The above rating allocation includes NCA (Net Current Assets)
84
Key Variables amp Their Impact On Interest Rates
Key VariablesShort Term
(3-6mo)Medium Term
(6mo-2yrs)Remarks ndash( Denotes fall in Interest Rates )
InflationHeadline CPI is expected to be in the range of 4-5 for the year Despite expansion of the fiscal deficit the quality ofspending appears to be non inflationary Inflation is unlikely to be area of problem in the year
Rupee
INR has been quite strong since last 3m curtsey strong FDI and FPI flows in equity Lat 1 yr also its marginallydepreciated We have FX reserves closes to 600 bn and given CAD and TD under control INR is expected to remain wellbid We believe in the absence of any geo political event INR is expected to be stable and shall appreciate as economicgrowth stabilizes RBI is keeping INR competitive on REER basis
Credit DemandGradually economy is opening up and Credit growth is expected to pickup as unlocking activity resumes and gains momentum post vaccination in phases However situation is fragile and this may accentuate the situation further However easy rates may help some demand pickup Till then credit growth will not impact rates negatively
Government Borrowing
Union budget has shocked the market by giving 80 extra borrowing for the current year in dated securities Next year also borrowing is on heavier side However we believe the govt RBI may have some credible plan to conduct the borrowing smoothly As the budget is non inflationary and otherwise also inflation is under control there is no reason for govt to give so high real rates hence we believe the RBI will pull some demand leveres such as index inclusion or OMO Will have to wait for MPC
RBI PolicyRbi has shown commitment in the past and there is no reason for taking the rates higher hence we believe RBI is expected to come up with some credible plan If they leave it to the market then we are headed for a tough time
Global Event RiskThe News of a Vaccine has triggered a risk-on event and lead to a sharp rally in risk asset and bonds were sold offHowever yields will look for growth which may not come in a hurry On the other hand the risk of a geopolitical eventis always open
Corporate bond SpreadWhile some green shoots seen but on an over all basis the economy is still struggling Short term spreads have seendecent compression unlikely to compress further meaningfully Long terms bonds still offer attractive spreads but likelyjust a carry trade
Debt FII flowWe have seen some traction coming in near term with revival of flows from the FPI in debt However its seems real flows will only be seen with index inclusion
Liquidity
Despite very high liquidity more than 1 yr yield is moving higher as the fear is RBI will remove accommodation sooner than later However we believe large part of the move is done 2-10 yr curve
85
Key Variables amp Their Impact On Equities
Key VariablesShort -term
Medium ndashterm
Remarks
EconomyWhile Covid-19 impacts economy there is likely to be sequential improvement as Indian economy unlocks
Corporate EarningsWhile Covid-19 impacts corporate India there is likely to be sequential improvement as Indian economy unlocks
FII FlowIndia stands out among global asset classes with prospects of strong long term growth given favorable demographics
DII Flow Long runaway of growth in financialization of savings
Supply of paperHigher disinvestment target and repair of leveraged balance sheet to create supply in markets
PolicyReform Initiative Expect improved reform momentum
Signify Growth 86
Disclaimers amp Disclosures
87
The information contained in this (document) is extracted from different public sources All reasonable care has been taken to ensure that the information contained hereinis 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 KotakMahindra Asset Management Co Ltd or any associated companies or any employee thereofWe are not soliciting any action based on this material and is for generalinformation only Investors should consult their financial advisors if in doubt about whether the product is suitable for them before investing
These materials are not intended for distribution to or use by any person in any jurisdiction where such distribution would be contrary to local law or regulation Thedistribution of this document in certain jurisdictions may be restricted or totally prohibited and accordingly persons who come into possession of this document arerequired to inform themselves about and to observe any such restrictions
Mutual Fund investments are subject to market risks read all scheme related documents carefully
Disclaimers amp Risk Factors
88
Scheme Inception date is 26052008 Mr Deepak Agrawal has been managing the fund since 25112012 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Dynamic Bond Fund As on 26 Feb 2021
Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Banking amp PSU Debt Fund As on 26 Feb 2021
89
Dec 29 1998Kotak Banking and PSU
Debt Fund - GrowthCRISIL Banking and PSU
Debt Index ALPHA CRISIL 1 Year Tbill
Kotak Banking and PSU Debt Fund - Growth
CRISIL Banking and PSU Debt Index
CRISIL 1 Year TBill
Since Inception 753 NA NA 662 50043 NA 41450
Last 1 Year 744 632 112 547 10742 10630 10546
Last 3 Years 894 868 026 665 12926 12834 12127
Last 5 Years 846 854 -008 656 15006 15064 13739
May 26 2008Kotak Dynamic Bond
Fund - GrowthNIFTY Composite Debt
Index ALPHA CRISIL 1 Year TBill
Kotak Dynamic Bond Fund - Growth
NIFTY Composite Debt Index
CRISIL 1 Year TBill
Since Inception 860 846 014 648 28659 28180 22287
Last 1 Year 685 790 -105 547 10683 10788 10546
Last 3 Years 921 934 -013 665 13022 13068 12127
Last 5 Years 912 868 044 656 15470 15161 13739
Scheme Inception date is 06032008 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Low Duration Fund As on 26 Feb 2021
Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Fund As on 26 Feb 2021
90
Mar 06 2008Kotak Low Duration
Fund - GrowthNIFTY Low Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Low Duration Fund - Growth
NIFTY Low Duration Debt Index
CRISIL 1 Year TBill
Since Inception 769 827 -058 648 26178 28053 22605
Last 1 Year 669 594 075 547 10667 10592 10546
Last 3 Years 760 723 037 665 12455 12326 12127
Last 5 Years 774 735 039 656 14514 14256 13739
Nov 25 1999Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
ALPHA CRISIL 10 Year Gilt Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 878 NA NA NA 59893 NA NA
Last 1 Year 672 765 -093 493 10670 10763 10492
Last 3 Years 879 912 -033 894 12872 12990 12927
Last 5 Years 800 859 -058 734 14692 15093 14246
Scheme Inception date is 02052002 Mr Deepak Agrawal has been managing the fund since 11072007 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Short Term Fund on 26 Feb 2021
Scheme Inception date is 21092007 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Corporate Bond Fund on 26 Feb 2021
91
May 02 2002Kotak Bond Short Term
Fund - GrowthNIFTY Short Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Bond Short Term Fund - Growth
NIFTY Short Duration Debt Index
CRISIL 1 Year TBill
Since Inception 772 793 -021 607 40606 42094 30324
Last 1 Year 720 797 -077 547 10718 10794 10546
Last 3 Years 815 828 -013 665 12648 12692 12127
Last 5 Years 785 808 -024 656 14585 14746 13739
Sep 21 2007Kotak Corporate Bond
Fund - GrowthCRISIL Corporate Bond
Composite Index ALPHA CRISIL 1 Year TBill
Kotak Corporate Bond Fund - Growth
CRISIL Corporate Bond Composite Index
CRISIL 1 Year TBill
Since Inception 818 939 -120 645 28790 33407 23163
Last 1 Year 741 793 -052 547 10739 10791 10546
Last 3 Years 838 894 -057 665 12726 12927 12127
Last 5 Years 830 885 -055 656 14898 15277 13739
Scheme Inception date is 11052010 Mr Deepak Agrawal has been managing the fund since 12042010 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Credit Risk Fund As on 26 Feb 2021
Scheme Inception date is 21032014 Mr Deepak Agrawal has been managing the fund since 22062015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Medium Term Fund As on 26 Feb 2021
92
May 11 2010Kotak Credit Risk Fund -
GrowthNIFTY Credit Risk Bond
Index ALPHA CRISIL 1 Year TBill
Kotak Credit Risk Fund -Growth
NIFTY Credit Risk Bond Index
CRISIL 1 Year TBill
Since Inception 808 930 -121 671 23159 26128 20167
Last 1 Year 455 987 -532 547 10453 10984 10546
Last 3 Years 702 900 -198 665 12253 12946 12127
Last 5 Years 755 900 -145 656 14384 15380 13739
Mar 21 2014Kotak Medium Term
Fund - GrowthNIFTY Medium Duration
Debt Index ALPHA CRISIL 10 Year Gilt
Kotak Medium Term Fund - Growth
NIFTY Medium Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 812 900 -088 826 17192 18192 17350
Last 1 Year 456 873 -417 493 10455 10871 10492
Last 3 Years 650 902 -252 894 12078 12954 12927
Last 5 Years 730 863 -133 734 14218 15121 14246
Kotak Balanced Advantage Fund Performance as on 26 Feb 2021
Scheme Inception date is 03082018 Mr Harish Krishnan Mr Abhishek Bisen have been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the periodhave been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point(PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark Alpha is difference ofscheme return with benchmark return
Kotak Debt Hybrid Fund Performance as on 26 Feb 2021
Scheme Inception date is 02122003 Mr Abhishek Bisen has been managing the fund since 01042008 Mr Devender Singhal has been managing the fund since 25082015Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (CompoundedAnnualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of SchemeBenchmark Name of Additional BenchmarkThe performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark returnTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant(PRI)The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using compositeCAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return 93
Aug 03 2018Kotak Balanced
Advantage Fund -Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA Nifty 50 TRI
Kotak Balanced Advantage Fund -
Growth
NIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1092 1167 -075 1130 13052 13281 13166
Last 1 Year 1849 2142 -292 3137 11844 12135 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Dec 02 2003Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
ALPHA CRISIL 10 Year Gilt Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
CRISIL 10 Year Gilt
Since Inception 809 855 -045 582 38280 41141 26537
Last 1 Year 1502 1166 336 493 11497 11162 10492
Last 3 Years 923 1010 -086 894 13030 13341 12927
Last 5 Years 1046 1030 017 734 16443 16319 14246
Kotak Asset Allocator Fund as on 26 Feb 2021
Scheme Inception date is 09082004 Mr Devender Singhal amp Mr Arjun Khanna has been managing the fund since 09052019 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using composite CAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return
Scheme Inception date is 29121998 Mr Abhishek Bisen has been managing the fund since 15042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Gilt Fund As on 26 Feb 2021
94
Aug 09 2004Kotak Asset Allocator
Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA SampP BSE SENSEX TRI
Kotak Asset Allocator Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index SampP BSE SENSEX TRI
Since Inception 1578 1221 357 1579 113266 67426 113398
Last 1 Year 2928 2142 786 3000 12919 12135 12990
Last 3 Years 1462 1199 262 1422 15051 14043 14894
Last 5 Years 1464 1355 109 1789 19793 18868 22764
Dec 29 1998Kotak Gilt Fund -
GrowthNIFTY All Duration G-Sec
Index ALPHA CRISIL 10 Year Gilt
Kotak Gilt Fund -Growth
NIFTY All Duration G-Sec Index
CRISIL 10 Year Gilt
Since Inception 951 NA NA NA 74952 NA NA
Last 1 Year 768 641 128 493 10766 10639 10492
Last 3 Years 980 1001 -021 894 13234 13311 12927
Last 5 Years 892 848 044 734 15325 15020 14246
Kotak Pioneer Fund as on 26 Feb 2021
Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Different plans have different expense structure The performance details provided herein are of regular plan 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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
95
Oct 31 2019Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
ALPHA Nifty 50 TRI Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
Nifty 50 TRI
Since Inception 3678 2467 1211 1752 15149 13397 12386
Last 1 Year 5550 4230 1320 3137 15531 14216 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Feb 25 2008Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
ALPHA Nifty 50 TRI
Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
Nifty 50 TRI
Since Inception 719 133 586 951 24675 11876 32619
Last 1 Year 2940 3064 -124 3137 12931 13054 13127
Last 3 Years 405 243 162 1288 11265 10746 14378
Last 5 Years 1332 1089 243 1729 18676 16760 22189
Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 01022015
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Infrastructure amp Economic Reform Fund as on 26 Feb 2021
96
Feb 20 2018Kotak India Growth Fund -
Series IV - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series IV - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1462 1173 289 1328 15099 13979 14570
Last 1 Year 6667 3224 3443 3137 16644 13214 13127
Last 3 Years 1471 1135 335 1288 15087 13803 14378
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 20022018 Mr Devender Singhal has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak India Growth Fund Series IV as on 26 Feb 2021
Kotak India Growth Fund Series V as on 26 Feb 2021
May 15 2018Kotak India Growth Fund -
Series V - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series V - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1389 1146 243 1265 14372 13534 13939
Last 1 Year 4661 3224 1437 3137 14646 13214 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak Smallcap Fund Performance as on 26 Feb 2021
Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the TotalReturn variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
97
Kotak Smallcap Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1930000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 8187177 3266871 1617790 1001229 576604 190906
Scheme Returns () 1620 1905 1843 2067 3331 12808
NIFTY Smallcap 100 (TRI) Returns () 1048 1159 1036 1161 2174 12178
Alpha 572 746 808 905 1158 630
NIFTY Smallcap 100 (TRI) (Rs) 4794025 2190608 1213472 802393 493594 187746
Nifty 50 (TRI) (Rs)^ 5809863 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1256 1341 1364 1570 1947 6633
Scheme Inception - February 242005 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Feb 24 2005Kotak Smallcap Fund -
GrowthNIFTY Smallcap 100 TRI ALPHA Nifty 50 TRI
Kotak Smallcap Fund -Growth
NIFTY Smallcap 100 TRI Nifty 50 TRI
Since Inception 1648 1274 375 1440 115182 68229 86309
Last 1 Year 5224 4358 866 3137 15207 14344 13127
Last 3 Years 1309 -017 1326 1288 14460 9950 14378
Last 5 Years 2040 1419 622 1729 25291 19406 22189
Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) Performance as on 26 Feb 2021
98
Kotak Flexi Cap Fund (Previously known as Kotak Select Standard Multi Cap Fund)
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1380000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 3453492 2729977 1380165 856388 468086 156611
Scheme Returns () 1505 1571 1397 1426 1792 6240
Nifty 200 (TRI) Returns () 1288 1368 1351 1514 1931 6874
Alpha 218 204 045 -088 -139 -634
Nifty 200 (TRI) (Rs) 3011611 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 2974930 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1268 1341 1364 1570 1947 6633
Scheme Inception - September 11 2009 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 11 2009Kotak Flexi Cap Fund -
GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak Flexi Cap Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1391 1156 235 1140 44527 35062 34492
Last 1 Year 2497 3224 -727 3137 12489 13214 13127
Last 3 Years 1082 1135 -054 1288 13604 13803 14378
Last 5 Years 1738 1719 020 1729 22274 22089 22189
Kotak Emerging Equity Fund Performance As on 26 Feb 2021
Scheme Inception date is 30032007 Mr Pankaj Tibrewal has been managing the fund since 27052010 Different plans have different expense structure The performance detailsprovided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circulardated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha isdifference of scheme return with benchmark return
99
Kotak Emerging Equity Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1680000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 6176383 3334607 1562085 940171 526485 173627
Scheme Returns () 1705 1943 1745 1807 2647 9422
Nifty Midcap 100 (TRI) Returns () 1388 1480 1370 1440 2237 9753
Alpha 316 463 375 368 410 -332
Nifty Midcap 100 (TRI) (Rs) 4795200 2599125 1367070 859342 497885 175354
Nifty 50 (TRI) (Rs)^ 4226246 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1229 1341 1364 1570 1947 6633
Scheme Inception - March 30 2007 The returns are calculated by XIRR approach assuming investment of 10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Mar 30 2007Kotak Emerging Equity
Fund - GrowthNifty Midcap 100 TRI ALPHA Nifty 50 TRI
Kotak Emerging Equity Fund - Growth
Nifty Midcap 100 TRI Nifty 50 TRI
Since Inception 1320 1332 -012 1138 56228 57054 44823
Last 1 Year 3676 3998 -322 3137 13664 13985 13127
Last 3 Years 1207 679 528 1288 14070 12177 14378
Last 5 Years 1997 1624 372 1729 24836 21217 22189
Kotak Tax Saver Fund Performance as on 26 Feb 2021
Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
100
Kotak Tax Saver Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1840000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5208479 2557585 1384584 874589 483657 158907
Scheme Returns () 1251 1450 1406 1511 2027 6660
Nifty 500 (TRI) Returns () 1244 1387 1367 1525 1992 7206
Alpha 007 063 038 -014 035 -546
Nifty 500 (TRI) (Rs) 5177617 2472906 1365740 877640 481312 161867
Nifty 50 (TRI) (Rs)^ 5074950 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1221 1341 1364 1570 1947 6633
Scheme Inception - November 23 2005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initialand final value and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Nov 23 2005Kotak Tax Saver Fund -
GrowthNifty 500 TRI ALPHA Nifty 50 TRI
Kotak Tax Saver Fund -Growth
Nifty 500 TRI Nifty 50 TRI
Since Inception 1217 1303 -085 1328 57797 64882 67113
Last 1 Year 2685 3347 -662 3137 12677 13337 13127
Last 3 Years 1219 1086 133 1288 14116 13621 14378
Last 5 Years 1741 1731 010 1729 22304 22207 22189
Kotak Equity Opportunities Fund Performance as on 26 Feb 2021
Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012 Different plans have different expense structure The performance details provided hereinare of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRAMFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
101
Kotak Equity Opportunities Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1980000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 7635338 2664264 1403160 880871 486395 158045
Scheme Returns () 1478 1526 1443 1540 2067 6502
Nifty 200 (TRI) Returns () 1281 1368 1351 1514 1931 6874
Alpha 197 158 092 026 136 -373
Nifty 200 (TRI) (Rs) 6308482 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 6292270 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1279 1341 1364 1570 1947 6633
Scheme Inception - September 09 2004 The returns are calculated by XIRR approach assuming investment of Rs 10000- 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 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 TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 09 2004Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI ALPHA Nifty 50 TRI Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1831 1537 294 1555 159694 105534 108232
Last 1 Year 2771 3224 -453 3137 12762 13214 13127
Last 3 Years 1158 1135 023 1288 13887 13803 14378
Last 5 Years 1791 1719 072 1729 22776 22089 22189
Kotak Bluechip Fund Performance as on 26 Feb 2021
Since inception date of Kotak Bluechip Fund - Reg Growth is 4022003 Mr Harish Krishnan has been managing the fund since 01012014Different plans have different expense structure Theperformance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000-investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 theperformance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the schemebenchmark performance is calculated using composite CAGR of SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Since Inception date of KotakBluechip Fund- Dividend plan is 29121998 Alpha is difference of scheme return with benchmark return
102
Kotak Bluechip Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 2170000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 9909049 2429408 1342358 867738 482271 158190
Scheme Returns () 1497 1354 1319 1479 2006 6528
Nifty 50 (TRI) Returns () 1393 1341 1364 1570 1947 6633
Alpha 103 013 -045 -091 059 -105
Nifty 50 (TRI) (Rs) 8857197 2412890 1363994 887303 478297 158761
SampP BSE SENSEX (TRI) (Rs)^ 9110194 2472879 1393707 907359 481833 157647
SampP BSE SENSEX (TRI) Returns () 1419 1387 1424 1662 2000 6429
Scheme Inception - December 29 1998 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the scheme benchmark SIP Performance is calculated by taking SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Alpha is difference of scheme return with benchmark return
Feb 04 2003Kotak Bluechip Fund -
GrowthNifty 50 TRI ALPHA SampP BSE SENSEX TRI
Kotak Bluechip Fund -Growth
Nifty 50 TRI SampP BSE SENSEX TRI
Since Inception 1967 1722 246 1738 256865 176573 181028
Last 1 Year 3007 3137 -130 3000 12998 13127 12990
Last 3 Years 1181 1288 -107 1422 13975 14378 14894
Last 5 Years 1575 1729 -154 1789 20767 22189 22764
Kotak India EQ Contra Fund as on 26 Feb 2021
Jul 27 2005Kotak India EQ Contra
Fund - GrowthNifty 100 TRI ALPHA Nifty 50 TRI
Kotak India EQ Contra Fund - Growth
Nifty 100 TRI Nifty 50 TRI
Since Inception 1321 1408 -088 1388 69209 78041 75924
Last 1 Year 3123 3120 003 3137 13113 13110 13127
Last 3 Years 1293 1191 102 1288 14396 14010 14378
Last 5 Years 1830 1719 110 1729 23155 22098 22189
Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
103
Kotak India EQ Contra Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1880000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5753810 2581589 1412974 907013 487708 163570
Scheme Returns () 1309 1467 1463 1660 2087 7522
Nifty 100 (TRI) Returns () 1268 1363 1351 1519 1891 6526
Alpha 041 104 112 141 195 996
Nifty 100 (TRI) (Rs) 5543589 2441380 1357611 876201 474636 158175
Nifty 50 (TRI) (Rs)^ 5371562 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1233 1341 1364 1570 1947 6633
Scheme Inception - July 272005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initial and finalvalue and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Other Funds Managed by Mr Deepak Agarwal
Mr Deepak Agrawal manages 12 funds amp All FMPs of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan (Kotak Bond Short Term Fund (May 02 02) Kotak Dynamic Bond Fund (May 26 08) Kotak Money Market Fund (Nov 25 07) Kotak Liquid Fund (Nov 04 03) Kotak Banking and PSU Debt Fund (Dec 29 98) Kotak Savings Fund (Jul 11 07) Kotak Credit Risk Fund (May 11 10) Kotak Medium Term Fund (Mar 21 14) Kotak Low Duration Fund (Jan 31 15) Kotak Corporate Bond Fund (Sep 21 07) Kotak Overnight Fund (Jan 15 19) All Fixed Maturity Plans in existence (Aug 1315) Kotak Floating Fund (May 14 2019)
Kotak Floating Rate Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 14052019 Mr Deepak Agrawal has been managing the fund since 14052019Kotak Banking and PSU Debt Fund - Growth Name of the Benchmark - CRISIL Banking and PSU Debt Index Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008Kotak Savings Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 13082004 Mr Deepak Agrawal has been managing the fund since 01042008Kotak Liquid Fund - Growth Name of the Benchmark - NIFTY Liquid Index Scheme Inception date is 04112003 Mr Deepak Agrawal has been managing the fund since 01052007Kotak Overnight Fund - Growth Name of the Benchmark - NIFTY 1D Rate Index Scheme Inception date is 15012019 Mr Deepak Agrawal has been managing the fund since 15012019Kotak Money Market Fund - Growth Name of the Benchmark - NIFTY Money Market Index Scheme Inception date is 14072003 Mr Deepak Agrawal has been managing the fund since 01112006
104
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Floating Rate Fund - Growth 808 514 NA NA NA NA 772 610
Kotak Banking and PSU Debt Fund - Growth 744 632 894 868 846 854 753 NA
Kotak Savings Fund - Growth 524 514 684 696 705 716 760 797
Bottom 3
Kotak Money Market Fund - Growth 520 471 692 638 699 672 728 742
Kotak Liquid Fund - Growth 377 388 577 582 627 624 715 717
Kotak Overnight Fund - Growth 296 312 NA NA NA NA 429 443
Funds Managed by Mr Harsha Upadhyaya
Mr Harsha Upadhyaya manages 4 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Opportunities Fund (Sep 9 04) Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) (Sep 11 09) Kotak Tax Saver Fund (Nov 2305)
Funds Managed by Mr Pankaj Tibrewal
Mr Pankaj Tibrewal manages 3 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Small Cap Fund (Feb 2405) Kotak Emerging Equity Fund (Mar 3007) Kotak Equity Hybrid Fund (Nov 2599) Kotak Smallcap Fund - Growth Name of the Benchmark - NIFTY Smallcap 100 TRI Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010 Kotak Equity Hybrid Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008
105
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Equity Opportunities Fund - Growth 2771 3224 1158 1135 1791 1719 1831 1537
Kotak Tax Saver Fund - Growth 2685 3347 1219 1086 1741 1731 1217 1303
Kotak Flexi Cap Fund - Growth 2497 3224 1082 1135 1738 1719 1391 1156
Kotak ESG Opportunities Fund - Growth Kotak ESG Opportunities Fund has not yet completed 1 year from Inception the performance of the scheme is not disclosed
Kotak Equity Opportunities Fund - Growth (Erstwhile Kotak Opportunities) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012
Kotak Tax Saver Fund - Growth Name of the Benchmark - Nifty 500 TRI Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015
Kotak Flexi Cap Fund - Growth (Erstwhile Kotak Standard Multicap Fund) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Small Cap Fund - Growth 5224 4358 1309 -017 2040 1419 1648 1274
Kotak Emerging Equity Fund - Growth 3676 3998 1207 679 1997 1624 1320 1332
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Funds Managed by Mr Hiten Shah
Mr Hiten Shah manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Balanced Advantage Fund (Aug 03 18) Kotak Equity Savings Fund (Oct 13 2014) Kotak Equity Arbitrage Fund (Sep 29 05) Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Equity Arbitrage Fund - Growth Name of the Benchmark - Nifty 50 Arbitrage Index Scheme Inception date is 29092005 Mr Hiten Shah has been managing the fund since 03102019
Funds Managed by Ms Shibani Kurian
Ms Shibani Kurian manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak India EQ Contra Fund - Growth (July 27 05) Kotak India Growth Fund Series 7 (Aug 31 18) Kotak Focused Equity fund (Jul 16 19) Kotak India EQ Contra Fund - Growth (Erstwhile Classic Equity Fund) Name of the Benchmark - Nifty 100 TRI Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak India Growth Fund - Series 7 - Growth Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 31082018 Ms Shibani Kurian has been managing the fund since 09052019
106
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Balanced Advantage Fund - Growth 1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Kotak Equity Arbitrage Fund - Growth 354 186 539 454 577 484 713 NA
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak India EQ Contra Fund - Growth 3123 3120 1293 1191 1830 1719 1321 1408
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak India Growth Fund - Series 7 - Growth 2018 3137 NA NA NA NA 1042 1037
Other Funds Managed by Mr Harish Krishnan
Mr Harish Krishnan manages 7 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak BluechipFund (Feb 04 03) Kotak Infrastructure amp Economic Reform Fund (Feb 25 08) Kotak India Growth Fund Series 5 (May1518) Kotak Balanced Advantage Fund (Aug 0318) Kotak Equity Savings Fund (Oct 13 14) Kotak Focused Equity fund (Jul 16 19) Kotak Pioneer Fund (Oct 31 19
Kotak Pioneer Fund - Growth Name of the Benchmark - 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Kotak India Growth Fund Series 5- Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018Kotak Bluechip Fund - Growth (Erstwhile Kotak 50) Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 04022003 Mr Harish Krishnan has been managing the fund since 15112013Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Infrastructure and Economic Reform Fund - Growth Name of the Benchmark - India Infrastructure Index (Customised Index by IISL) Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 31012015
107
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Pioneer Fund - Growth 5550 4230 NA NA NA NA 3678 2467
Kotak India Growth Fund - Series 5 - Growth 4661 3224 NA NA NA NA 1389 1146
Kotak Bluechip Fund - Growth 3007 3137 1181 1288 1575 1729 1967 1722
Bottom 3
Kotak Infrastructure and Economic Reform Fund -Growth
2940 3064 405 243 1332 1089 719 133
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Other Funds Managed by Mr Abhishek Bisen
Mr Abhishek Bisen manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Hybrid Fund (Nov 05 2014) Kotak Debt Hybrid Fund (Dec 02 03) Kotak Bond Fund (Regular Plan) (Apr 15 08) Kotak Gilt Fund (Regular amp PF-Trust) (Dec 29 98) Kotak Equity Savings Fund (Oct 13 14) Kotak Gold ETF (Jul 27 07) Kotak Gold Fund (Mar 25 11) Kotak Balanced Advantage Fund (Aug 03 18)
Kotak Gold Fund - Growth Name of the Benchmark - Price of Gold Scheme Inception date is 25032011 Mr Abhishek Bisen has been managing the fund since 04032011Kotak Gold ETF Name of the Benchmark - Price of Gold Scheme Inception date is 27072007 Mr Abhishek Bisen has been managing the fund since 15042008 amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Equity Hybrid Fund - Growth (Erstwhile Kotak Balance) Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 and Kotak Equity Hybrid Fund - Regular plan scheme inception date is 3rd November 2014 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008Kotak Bond Fund - Growth Name of the Benchmark - NIFTY Medium to Long Duration Debt Index Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Balanced Advantage Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 5050 Index Scheme Inception date is 03082018 Mr Abhishek Bisen amp Mr Harish Krishnan has been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019
108
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Kotak Balanced Advantage Fund - Growth1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth1314 963 790 704 934 816 837 719
Bottom 3
Kotak Gold Fund - Growth 741 765 1445 1467 887 860 671 815
Kotak Gold ETF 710 765 1380 1467 764 860 1178 1290
Kotak Bond Fund - Growth 672 765 879 912 800 859 878 NA
Other Funds Managed by Mr Devender Singhal
Mr Devender Singhal manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak DebtHybrid Fund - Growth (Dec 02 03) Kotak India Growth Fund Series-4 (Feb 14 18) Kotak NV20 ETF (Dec 01 15) Kotak Banking ETF (Dec 10 14) Kotak Sensex ETF (Jun 06 08) Kotak Asset AllocatorFund (Aug 09 04) Kotak PSU Bank ETF (Nov 08 07) Kotak Nifty ETF (Feb 02 10)
Kotak India Growth Fund - Series 4 - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 14022018 Mr Devender Singhal has been managing the fund since 24012019Kotak NV20 ETF - Name of the Benchmark Nifty 50 Value 20 TRI Scheme Inception date is 01122015 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Sensex ETF Name of the Benchmark - SampP BSE SENSEX TRI Scheme Inception date is 06062008 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Nifty ETF Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 02022010 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Banking ETF Name of the Benchmark - Nifty Bank TRI Scheme Inception date is 10122014 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak PSU Bank ETF - Name of the Benchmark Nifty PSU Bank TRI Scheme Inception date is 08112007 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019
109
Scheme Name
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak India Growth Fund - Series 4 -Growth
6667 3224 1471 1135 NA NA 1462 1173
Kotak NV20 ETF 3937 4355 1526 1660 1902 2002 1643 1620
Kotak Nifty ETF 3078 3137 1261 1288 1647 1729 1044 1181
Bottom 3
Kotak Sensex ETF 2955 3000 1390 1422 1696 1789 982 1097
Kotak PSU Bank ETF 2203 2303 -876 -807 248 359 -163 -014
Kotak Banking ETF 1749 1948 1108 1183 2008 2068 1087 1132
Fund Type of Scheme
Kotak Equity Opportunities Fund Large amp Mid Cap Fund - An open ended equity scheme investing in both large cap and mid cap stocks
Kotak Small Cap Fund Small cap fund - An open-ended equity scheme predominantly investing in small cap stocks
Kotak Emerging Equity Fund Mid Cap Fund - An open ended equity scheme predominantly investing in mid cap stocks
Kotak Tax Saver Fund An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
Kotak Balanced Advantage Fund Open ended Dynamic Asset Allocation Fund
Kotak Pioneer Fund An open ended equity scheme investing in pioneering innovations theme
Kotak India EQ Contra Fund An open-ended equity scheme following contrarian investment strategy
Kotak Debt Hybrid Fund An open ended hybrid scheme investing predominantly in debt instruments
Kotak Bluechip Fund Large cap fund - An open-ended equity scheme predominantly investing in large cap stocks
Kotak Asset Allocator FundAn open ended fund of fund scheme investing in specified open-ended equity and debt Schemes of Kotak Mahindra
Mutual Fund
Kotak Equity Arbitrage Fund An open ended scheme investing in arbitrage opportunities
Kotak Equity Savings Fund An open ended scheme investing in equity arbitrage and debt
Kotak Flexicap Fund Flexicap Fund - An open ended dynamic equity scheme investing across large cap mid cap small cap stocks
Kotak Focused Equity Fund An open ended equity scheme investing in maximum 30 stocks in large-cap mid-cap and small-cap category
Kotak Floating Rate Fund An open ended debt scheme predominantly investing in floating rate instruments
Kotak Equity Hybrid Fund An open-ended hybrid scheme investing predominantly in equity and equity related instruments
Kotak International REIT FoFAn open ended fund of fund scheme investing in units of SMAM ASIA REIT Sub Trust fund andor other similar overseas
REIT funds
Kotak ESG Opportunities FundAn open ended equity scheme which follows the Environment Social and Governance (ESG) theme with flexibility of
investing across market capitalization 110
Fund Type of Scheme
Kotak Overnight Fund An open ended debt scheme investing in overnight securities
Kotak Gilt Fund An open ended debt scheme investing in government securities across maturity
Kotak Money Market Fund An open ended debt scheme investing in money market instruments
Kotak Savings Fund An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months
Kotak Bond Short Term Fund An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years
Kotak Corporate Bond Fund An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds
Kotak Credit Risk Fund An open ended debt scheme predominantly investing in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds)
Kotak Banking amp PSU Debt Fund An open ended debt scheme predominantly investing in Debt instruments of banks Public Sector Undertakings Public Financial Institutions and Municipal Bonds
Kotak Liquid Fund An open ended liquid scheme
Kotak Low Duration Fund An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months
Kotak Medium Term Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years
Kotak Dynamic Bond Fund An open ended dynamic debt scheme investing across duration
Kotak Bond Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years
Kotak India Growth Fund Series 5
Multicap Fund - A 1099 days close ended equity scheme investing across large cap midcap and small cap stocks
Kotak India Growth Fund Series 4
Multicap Fund - A 36 months close ended equity scheme investing across large cap midcap and small cap stocks
Kotak Infrastructure amp Economic Reform Fund
An open ended equity scheme following Infrastructure amp Economic Reform theme
111
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 112
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 113
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 114
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 115
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 116
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector biasKotak India Growth Series 4
Kotak India Growth Series 5bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector bias
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 117
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 118
Kotak Liquid Fund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Thank You
Stay Safe Stay Healthy and Stay Invested
119
Governmentrsquos Reform Momentum To Bolster Potential Growth
17Source Elara Securities
18
V Shaped Recovery
Source HIS Markit Bloomberg Index reading above 50 signals growth Score is generated on the three-month weighted averages of the indicators against the past thirty months of historical data
Domestic and overseas demand hold up for Indian companies
Nomura India Business Resumption Index Is Almost At Pre-Pandemic Levels
19
The resurgence of COVID-19 could represent a downside risk
Source Google Apple CMIE Bloomberg and Nomura Global Economics
PLI Schemes Can Add 16 To FY27 GDP amp Encourage Domestic Industry
Source RAVE Credit Suisseestimates 20
Real Estate Should Support Economic Recovery
Source The BLOOMBERG PROFESSIONALTM service Credit Suisse estimates
Mortgage rates have fallen to record lowsAffordability levels at all-time high
Source SBI HDFC Jefferies 21
Budget Aims For Ambitious Infra Spending In FY22
22
Budget has laid ambitious target for FY22 spending Infrastructure capex allocation for FY22 is steep execution key
Source Budget Elara Securities Research
Risk
23
Covid 19 Isnrsquot Yet Over
24Source Times of India
Upside Risks To Inflation Remain
25
Source CEIC UBS
RBI Survey Indicates Confidence Still Lagging
26Source RBI
Unemployment is Down but Income
27
CMIE Series of Unemployment unemployment rate (UER) (gt=15)
Unemployment Rate 30 day moving average ()
Unemployment Rate01 Mar 2021
Source CMIEcom
Equity Markets
28
Sare Jahan Se Acha Hindustan Hamara
Source Axis Capital29
-240
-168
-79
-72
-56
-26
-18
39
266(USD bn)
12 MONTHS FPI FLO W (Feb20 to Feb21)
India
Brazil
Indonesia
Philippines
Malaysia
South Africa
Thailand
Taiwan
South Korea
Source Bloomberg Axis Capital As on 28th February 2021 Past Performance may or may not sustain in the future
Performance Across Market Cap
Performance as on 28th Feb 2021 Sectoral Performance CY20 YTD ()
66
113 122
297
386 418
115
58
(12)
156 151 130
105 122
92
(10)
0
10
20
30
40
50
Nifty-50 Nifty Midcap 100 NSE SmallCap 100
1m returns 1y returns 3 yr CAGR 5 yr CAGR 10 yr CAGR
14
12
4
17
11 11 11 11
8
65
0
-1
-5
-8
Sma
llcap
10
0
Mid
cap
100
NIF
TY
50
Me
tals
Rea
lty
Ban
k
Ener
gy
Au
to
Pri
vate
Ban
ks
Fin
anci
als
Secv
ice
s
IT S
erv
ice
s
Me
dia
FMC
G
Ph
arm
a
30
Bumper Results for Dec 20 Quarter
31
Source MOSL Research
193 Cos Actual Expected
Sales 0 -2
EBITDA 19 15
PBT 33 20
PAT 31 17
NIFTY 50 Cos Actual Expected
Sales -1 -2
EBITDA 15 10
PBT 23 9
PAT 22 7
Significant Profit Pool Expansion Seen In PSU Banks Cement Auto And Auto Ancillary And Metals
32
Source ICICI Securities Internal Analysis Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
Profit Growth By Sectors
Nifty Earnings Are Expected To Accelerate Sharply Over Next Two Years
33Source NSE Company data IIFL Research Note Based on IIFL estimates
236 285 310 333
372 402 404 386
418 414
483 457 508
685
796
(41)
207
89 74
117
81
05
(45)
83
(10)
167
(54)
111
349
163
(10)
(5)
0
5
10
15
20
25
30
35
40
0
100
200
300
400
500
600
700
800
900
FY0
9
FY1
0
FY1
1
FY1
2
FY1
3
FY1
4
FY1
5
FY1
6
FY1
7
FY1
8
FY1
9
FY2
0
FY2
1ii
FY2
2ii
FY2
3ii
Rs (LHS) YoY (RHS)
Nifty EPS
Valuation Wise ndash Neutral Weight Momentum Wise - Overweight
Neutral weight doesnt mean selling equity It means profitbooking on excess position
34
Market Cap-to-GDP Ratio ndash Above Long Term Average
Market cap-to-GDP ratio Market rebound brings ratio above long term average
OW Equities =Ratio Below Historical Lows Neutral Equities = Ratio at Historical Average
Source Motilal Oswal 35
52
82 83
103
55
95
88
71
64 66
81
69
7983
79
56
104
FY05
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19
FY20
FY21
E
Average of 75 for the period
Valuations Are At The Higher End Of Fair Value
NIFTY PE (x) - 1 Year Forward NIFTY PB (x) - 1 Year Forward
Source Motilal Oswal36
207
8
13
18
23
28
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 179x
31
15
23
30
38
45
Feb
-06
Feb
-07
Feb
-08
Feb
-09
Feb
-10
Feb
-11
Feb
-12
Feb
-13
Feb
-14
Feb
-15
Feb
-16
Feb
-17
Feb
-18
Feb
-19
Feb
-20
Feb
-21
Average 27x
37
Valuations Above Long Term Average
Source FactSet Kotak Institutional Equities Sectors mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of an investment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
1 Year Forward Sector PE Current 10y Average Premium(discount)
Automobiles 232 158 469Energy 158 110 431Cement 303 219 387
Consumer Discretionary 590 425 387Technology 236 177 331Industrials 250 201 246
Pharmaceuticals 243 222 94Consumers 348 318 94
Metals 93 103 -94Utilities 80 110 -276
Consumer ex ITC 507 394 285Automobiles ex Tata Motors 228 185 231Energy ex Reliance Industries 80 90 -117
1 Year Forward Sector PB Current 10y Average Premium(discount)
Pvt banks 28 25 126PSU banks 10 11 -61
Earnings Are Increasing
38Source Bloomberg
QuarterReported PAT for NSE 500
Rs in CroreAnnualised PAT on Dec 20
Dec 19 122235
Mar 20 53406
June 20 32400
Sept 20 176786 707144
Dec 20 209795 839180
TTM 472387
Market Cap (280221) 18850128
PE Ratio 399 225
Highest Ever Quarterly Profit by India Inc
Valuations Are Not As Perceived
39
Company
PE
FY20Q1FY21
(Annualised)Q2FY21
(Annualised)Q3FY21 (Annualised) FY22E
Shree Cement 634 648 439 383 358
Ultra tech Cement 488 484 375 292 321
Mindtree 397 311 261 203 191
Asian Paints 814 2567 663 447 613
Persistent Systems 378 357 315 265 239
Hero Motocorp 190 2782 181 159 183
Bajaj Auto 223 537 249 182 202
Source Company data Kotak estimates Stocks mentioned above are used to explain the concept and is for illustration purpose only and it should not be used for development or implementation of aninvestment strategy It should not be construed as investment advice to any party The stocks may or may not be part of our portfoliostrategy underlying scheme
The data for FY20 Q1Q2Q3 are actuals (annualised in the quarters) while FY22 is estimates
High Nifty Valuations Conceals the bargain opportunities in select Quality stocks
40Source ICICI Securities Internal Analysis
Adjusted PE Shows The True Valuation
Time To Be Neutral Weight To Equities
Marginally OW Small and Midcap
Marginally UW Large cap
Neutral Weight Equity
41
SIP has performed well
42
Patience Pays Off in SIPKotak Emerging Equity Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty Midcap 100 TRI is the benchmark for Kotak Emerging Equity FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund
43
Kotak Emerging Equity Fund Feb-19 Feb-20 Feb-21
10 Yr 1630 1567 1943
7 Yr 1636 1506 1745
5 yr 1024 889 1807
3 yr 324 526 2647
1 yr -984 1316 9422
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1239 991 1480
7 Yr 1212 867 1370
5 yr 736 317 1440
3 yr 079 -333 2237
1 yr -1572 -097 9753
Patience Pays Off in SIPKotak Tax Saver Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 500 TRI is the benchmark for Kotak Tax Saver FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculatingreturn on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting fromthe beginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer todisclaimer slides for scheme information and detailed performance of the fund
44
Kotak Tax Saver Fund Feb-19 Feb-20 Feb-21
10 Yr 1192 1159 1450
7 Yr 1227 1163 1406
5 yr 924 846 1511
3 yr 631 574 2027
1 yr -093 480 6660
Nifty 500 TRI Feb-19 Feb-20 Feb-21
10 Yr 1138 992 1387
7 Yr 1163 916 1367
5 yr 903 658 1525
3 yr 732 201 1992
1 yr -456 -397 7206
Patience Pays Off in SIPKotak Equity Opportunities Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021Returns are for regular plan Nifty 200 TRI is the benchmark for Kotak Equity Opportunities FundDisclaimer SIP is an optional feature offered by Kotak Mahindra Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mahindra Mutual Fund Pastperformance may or may not be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating returnon investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from thebeginning of the subsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimerslides for scheme information and detailed performance of the fund 45
Kotak Equity Opportunities Fund Feb-19 Feb-20 Feb-21
10 Yr 1277 1242 1526
7 Yr 1281 1192 1443
5 yr 923 885 1540
3 yr 576 582 2067
1 yr -313 720 6502
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1140 992 1368
7 Yr 1165 915 1351
5 yr 931 686 1514
3 yr 822 256 1931
1 yr -274 -478 6874
46
Patience Pays Off in SIPKotak Bluechip Fund SIP Returns
Source MFi Explorer As on 26 Feb 2021 Returns are for regular plan Nifty 50 TRI is the benchmark for Kotak Bluechip FundDisclaimer SIP is an optional feature offered by Kotak Mutual Fund This feature does not in any way give assurance of the performance of any of the Funds of Kotak Mutual Past performance may or maynot be sustained in the future The returns are calculated by XIRR approach assuming investment of Rs 10000- on the 1st working day of every month XIRR helps in calculating return on investmentsgiven an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration Since inception returns are assumed to be starting from the beginning of thesubsequent month from the date of inception Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides forscheme information and detailed performance of the fund
Kotak Bluechip Fund Feb-19 Feb-20 Feb-21
10 Yr 1078 1016 1354
7 Yr 1064 940 1319
5 yr 758 678 1479
3 yr 539 435 2006
1 yr -282 108 6528
Benchmark Feb-19 Feb-20 Feb-21
10 Yr 1108 979 1341
7 Yr 1130 918 1364
5 yr 958 772 1570
3 yr 989 429 1947
1 yr 112 -515 6633
47
Equity Investment Opportunity
48
Kotak Pioneer Fund
India Basketbull Approx 80 of portfolio invested in 35 businesses
in India
bull Digital ecosystems
bull China + strategy for manufacturing
bull Consumer discretionary
bull Healthcare
bull Chemicals
bull Fintech
bull Materials
bull Investing in a global fund with a similar pioneering theme ndash CI SignatureTechnology Fund
bull Much more than FANGM (Facebook Amazon Netflix Google Microsoft)
bull FANGM investment less than 5 of CI Signature Technology Fund as on Jan2021
bull Investments in decentralized finance payments ecommercesemiconductor urban transport social media etc
bull The international diversification ndash hedge against the domestic businesscycle and potential of INR depreciation against the USD over the mediumterm
Companies that use technology through process for enduring competitive advantage
International Diversification
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
1 YearSince
Inception(31102019)
Kotak Pioneer Fund - Regular Plan 5550 3678
Benchmark 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI 4230 2467
Nifty 50 TRI 3137 1752
Less than equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
49
Kotak Small Cap Fund
bull Kotak Small Cap Fund Identifies the hidden growth potential of small cap sized companies
bull The essence is to spot them young and watch them grow
bull Kotak Small Cap Fund focus on investing in quality businesses with strong competitive edge run by great management generating high return on capital amp offering sustainable growth with high market potential and available at reasonable valuations
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Scheme Name 1 Year 3 Year 5 Year 7 Year 10 year
Kotak Small Cap Fund - Reg - Growth 5207 1309 2037 2233 1777
Nifty Smallcap 100 TRI 4344 -017 1412 1488 1045
Healthy growth in Revenue EBITDA and PAT in investee companies in the aftermath of COVID 19 ( Q3FY21)
Sales Growth YoY EBITDA Growth YoY PAT Growth YoY
Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21
Kotak Small Cap Fund -243 53 167 173 262 312 -163 311 338
Kotak Asset Allocator Fund ndash An Effective Asset Allocation Medium To Ride The Market
PeriodKotak Asset Allocator
Fund - GrowthNIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1578 1221 1722
Last 5 Year 1464 1355 1729
Last 3 Years 1462 1199 1288
Last 1 Years 2928 2142 3137
Past performance may or may not be sustained in the future Inception date is as of Aug 09 2004
Mutual Fund investments are subject to market risks read all scheme related documentscarefullySource ICRA As on 28th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Return Profile
bull Higher Flexibility of allocation (0-100 in Equities)bull Current equity allocation is 37
50
51
Debt Investors With Marginal Appetite For Equity Can Consider Investment In Kotak Debt Hybrid Fund
bull Fixed income component at ~75 amp above This keeps the volatility low amp relatively marginal level
bull Equity exposure at 25 or less allows the investor to obtain the flavor of equity play without significant risk to capital
bull SWP can be utilized to meet ldquotax efficientrdquo income requirements of the investor
Source ICRA As on 26th Feb 2021 Industry data is from AMFI and Kotak Debt Hybrid data is from CAMS Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Please consult your tax advisor for further details
Less than or equal to 1 year Absolute returns Greater than 1 year Compound Annualized returns
Benchmark Crisil Hybrid 85+15 ndash ConservativeIndex
Net Aum flows in Rs Crs over last 12 months()
As on 31st Jan 2021
885
-15540 -14655
Kotak Debt Hybrid Others Total
Time HorizonKotak Debt Hybrid
Fund Nifty 50 TRI Benchmark
1 Year 1502 3137 1166
2 Years 1329 1742 1206
3 Years 923 1288 1010
5 Years 1046 1729 1030
52
Shift Money To Alpha Generating Large Caps
7 Years 5 Years 3 Years 1 Year
Kotak Bluechip Fund ndash Direct Plan 1655 1694 1272 2655
Nifty 50 TRI 1423 1712 1254 2583
bull Kotak Bluechip Fund is flexible in its large cap themes rather than being rigid in different market scenarios
bull It continues to focus on businesses with favourable supply side dynamics
bull Also focuses on capital efficiency with a reasonable track-record of capitalizing on various opportunities
bull There are broadly 4 sub-themes that fund captures now namely Financial Savings Moving from Lockdown to Unlock Consumer Demand amp Global Business
Source ICRA As on 26th February 2021 Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of thefund
Less than 1 year Absolute returns Greater than 1 year Compound Annualized returnsPast performance may or may not be sustained in the future Direct Growth option Inception Date is 1st Jan 2013 (Regular Plan Dividend Option InceptionDate Dec 29 1998)
Should We Invest In Gold
53
Gold
bull We have highlighted risk of import duty being reduced to our gold call
bull The same has played out in this budget as import duty rationalised from 125 to 10 ( 75 Import Duty Plus Agriculture Cess )
bull If the import duty is reduced further to that extent there will be a drop in Rupee Gold prices instantly
bull Subject to that volatility we remain bullish Gold on a longer term basis
bull Gold has corrected in recent times for accumulation
Mutual fund investments are subject to market risks read all scheme related documents carefully Please consult your financial advisor or other professionals before
acting on any information in this communication54
Active VS Passive Funds in Alpha Generation
55
56
Index Funds Underperforms Index
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documentscarefully Please consult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance ampscheme information of the fund
Fund Category 1 Year 3 Year 5 Year
SampP BSE Sensex TRI 2990 1420 1790
Category Average 2866 1328 1684
Alpha-124 -092 -106
Fund Category 1 Year 3 Year 5 Year
Nifty 50 TRI3130 1290 1730
Category Average 3019 1193 1606
Alpha-111 -097 -124
Less than 1 year Absolute returns Greater than 1 year CAGR
Active Funds Can Give Alpha
bull Active funds canrsquot take more than 10instocks
bull Fund has to keep Cash to meetredemptions
bull Index changes stocks at the closing price with no impact cost
bull Globally Total Return Index is compared with funds gross return ie expenses are added back to performance In India TRI is compared with net return of the fund
bull In Insurance for eg they comparegross return with PRI In MF wecompare TRI with net return
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
57
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years()
Kotak Infrastructure amp Economic Reform Fund - Dir - Growth
3092 538 157 1841
India Infrastructure Index (Customised Index by IISL)
3064 243 1089 895
Alpha 028 295 481 946
Kotak Small Cap Fund - Dir - Growth 5427 1462 2281 2399
Nifty Smallcap 100 TRI 4344 -017 1512 1488
Alpha 1083 1479 769 911
Kotak Emerging Equity Fund - Dir - Growth 3842 1345 2235 2493
Nifty Midcap 100 TRI 3985 679 1739 1814
Alpha -143 666 496 679
Kotak Flexicap Fund - Dir - Growth 2614 1192 1969 1905
Nifty 200 TRI 3214 1135 1826 1498
Alpha -60 057 143 407
Kotak Equity Opportunities Fund - Dir -Growth
2915 1284 2035 1869
Nifty 200 TRI 3214 1135 1826 1498
Alpha -299 149 209 371
Kotak Tax Saver Fund - Dir - Growth 2841 1353 1996 1889
Nifty 500 TRI 3337 1086 1836 1539
Alpha -496 267 16 35
Less than 1 year Absolute returns Greater than 1 year CAGR
58
Scheme Name 1 Year () 3 Year () 5 Year() 7 Years
Kotak India EQ Contra Fund - Dir - Growth 3288 1444 2107 1711
Nifty 100 TRI 311 1191 1826 1468
Alpha 178 253 281 243
Kotak Bluechip Fund - Dir - Growth 315 1307 1812 1644
Nifty 50 TRI 3127 1288 1837 1414
Alpha 023 019 -025 23
Kotak India Growth Fund - Series IV - Dir - Growth 6903 1602 - -
Nifty 200 TRI 3214 1135 - -
Alpha 3689 467 - -
Kotak Pioneer Fund - Dir - Growth 5808 - - -
85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI
423 - - -
Alpha 1578 - - -
Kotak India Growth Fund - Series V - Dir - Growth 4674 - - -
Nifty 200 TRI 3214 - - -
Alpha 146 - - -
Active Funds Can Give Alpha
Source ICRA As on 26th Feb 2021 Source Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Pleaseconsult your financial advisor or other professionals before acting on any information in this communication Please refer to disclaimer slides for detailed performance amp scheme information of the fund
Less than 1 year Absolute returns Greater than 1 year CAGR
Our Funds Have Bounced From The Bottom
Source MFI Explorer As on 26th February 2021 Past performance may or may not sustain in the future Please consult your financial advisor orother professionals before acting on any information in thiscommunication Please refer to the disclaimer slides for scheme information
59
554
791840 853 855 864 906
9551001
12281308
Kotak BalancedAdvantage
Fund
Kotak EquityHybrid Fund
Kotak FlexicapFund
Kotak Tax SaverFund
Kotak EquityOpportunities
Fund
Kotak FocusedEquity Fund
Kotak BluechipFund
Kotak India EQContra Fund
Kotak EmergingEquity Fund
Kotak PioneerFund
Kotak SmallCap Fund
change in NAV of our funds when Nifty 50 was ~7610 (From 23rd Mar 2020 till 26th Feb 2021)
Regular growth Plans performance
Debt Market Outlook
March 2021
60
61
Source Bloomberg
Liquidity is Here To StayMarket may have misread RBI Signal
-9000
-8000
-7000
-6000
-5000
-4000
-3000
-2000
-1000
0
1000
5
55
6
65
7
75
Jun
-19
Jul-
19
Au
g-1
9
Sep
-19
Oct
-19
No
v-1
9
Dec
-19
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
India 10-Year Bond Yield (LHS)
India Banking System Liquidity (RHS)
INR Bn
bull Overnight rates will remain anchored at Reverse Repo rates longer than what market is pricing in bull RBI aims to normalize CRR in the near-term The CRR normalisation opens up space for a variety of market operations to inject
additional liquidity which may induce curve flattening
62
Fear of Liquidity Withdrawal Spooked The Mid-To-Long End (~2-7years) of The Curve
bull Yield Curve is now pricing in more negatives ndash liquidity tightening rate hikes etc
bull Yields have moved up across the curve especially mid to long end of the yield curve
Source Bloomberg
3
4
5
6
7
8
3M 6M 1Y 2Y 3Y 4Y 5Y 6Y 7Y 8Y 10Y 11Y 12Y 13Y 14Y 15Y 23Y 30Y 40Y
India Sovereign Curve ()
01-Mar-21 31-Dec-20 30-Jun-20
Opportunity of value creation exists in the longer end of the curve
The current yield curve is too steep enhancing the case to chase the carry in fixed income as opposed to capital gains
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
FII Activity in Debt Market
Source Axis Capital
USD Mn
63
(1494)
381
(8680)
(1434)
(2695)
402
(534)(142)
471 520 191 1080
(740) (391)
(10500)
(9000)
(7500)
(6000)
(4500)
(3000)
(1500)
0
1500
3000
Jan
-20
Feb
-20
Mar
-20
Ap
r-2
0
May
-20
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
Source MOSPI ICRASource Bloomberg RBI Internal Research Morgan Stanley Research
406
530
00
10
20
30
40
50
60
70
80
Mar
-15
May
-15
Jul-
15
Sep
-15
No
v-1
5
Jan
-16
Mar
-16
May
-16
Jul-
16
Sep
-16
No
v-1
6
Jan
-17
Mar
-17
May
-17
Jul-
17
Sep
-17
No
v-1
7
Jan
-18
Mar
-18
May
-18
Jul-
18
Sep
-18
No
v-1
8
Jan
-19
Mar
-19
May
-19
Jul-
19
Sep
-19
No
v-1
9
Jan
-20
Mar
-20
May
-20
Jul-
20
Sep
-20
No
v-2
0
Jan
-21
CPI Core CPI
Headline Inflation To Remain Range-bound Though Marginally Above The 4 Mark In The Near Term
bull We expect a prolonged pause from the MPC in FY22 and an accommodative stance until late FY22 at least
CPI is still likely to be above the medium-term target of 4 for most of H1-FY22 further rate cuts appear unlikely unless the economic environment worsens significantly
64
65
RBI Remains Committed on OMOOperation Twist To Fund Govt Borrowing
FY 21 (RE) FY 22 (BE)
Gross Market Borrowing 1279788 1205708
Source indiabudgetgovin Internal Estimates BE is Budgetary estimates RE is revised Estimates
(in Rs Crores)
INR 75000 cr OMOOperation Twist already done post budget borrowing announcement
Source CNBC
SDL Spreads Close To Peak Levels Attractive in Terms of Valuation
10yr Central Govt Gilt Yields vs 10yr SDL Yields
Source RBI Jefferies66
Current Spreads Look Attractive For Long Term Investors
Source Bloomberg Citi Research
Spread between 10year Gilt and 1year Gilt Yield MPCrsquos Focus on Term Premia Is Likely To Prevent Imminent Sharp Rise In Bond Yields
Incremental Spreads in 10 Year provides a good cushion to shocks
67
211
0
50
100
150
200
250
300
Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21
Case For Carry Corporate Bond Spreads Show Attractive Valuation Opportunity
Source Bloomberg Jefferies
Corporate AAA Bond Yield ()
68
444
558
3
35
4
45
5
55
6
65
7
75
Mar
-hellip
Ap
r-2
0
May
-hellip
Jun
-20
Jul-
20
Au
g-2
0
Sep
-20
Oct
-20
No
v-2
0
Dec
-20
Jan
-21
Feb
-21
1 Year AAA Corporate Bond
3 Year AAA Corporate Bond
450
500
550
600
650
700
750
800
850
1Y 2Y 3Y 4Y 5Y 7Y 10Y
01-Mar-21 29-Jan-21 31-Dec-19
India Corporate Bond Curve
Bond Carry Strategy A strategy that is adopted when your yield curve is steep One invests at that part of the curve which is cheap in valuation ie higher yield that is pricing in more negatives than what may actually happen
69
Market Is Pricing In More Negative News
NABARD Yield Incremental Yield
adjusted for holding period
Protection for Rise in 10 yrNabard (bps)
Breakeven level10 yr Nabard
A 1 yr 425 After 1 yr
10 yr 715 29 051 766
B 2 yr 505 After 2 yr
10 yr 715 21+21=42 084 799
C 3 yr 56 After 3 yr
10 yr 715 155+155+155=455 103 818
Assuming investment HTM in short bonds for respective holding periods Adjusted is incremental yield for 2 yrmultiplied by 2 and 3 yr by 3
Source Internal Analysis The above illustration is not an indication of our portfolio
Debt Outlook
70
bull Liquidity is here to stay much longer than what market is fearing
bull Overnight rates are expected to gradually trend higher as normalisation of rates take place over the course of next 1 year
bull Fear of Liquidity withdrawal has led to sharp spike in OIS- swap yields in 1 yr at 392 and 2 yr at 435 this effectively means forward curve is pricing in almost 3 rate hikes of 25 bp each in Repo rate for the seller of the 2 yr swap to break even In our opinion is too soon and more than what the fundamental situation can justify purely based on inflation outlook
bull Inspite of the recent spike in crude oil prices average headline inflation for FY 22 is in the band of 5-525
bull With comfort on inflation reduction in gold imports stable to appreciating INR (High Fx reserves)We believe RBI will maintain a status quo along with its accommodative stance as there is no big urgency to rush for rate hikes
bull RBI while not giving OMO calendar is actually done decent amount of OMO till now and remain committed for more As the System isflush with liquidity and FX flows coming RBI is constrained to conduct aggressive OMO and add liquidity As the CRR cut reversal announced earlier will take out about 16 lac cr worth liquidity will increase the ability of the RBI to conduct outright OMO vs OT which will be more positive the long bonds
bull For investors it is best to stick to intended investment horizons as volatility would continue to be order of the day
bull Duration investors with appetite for volatility can look to invest in the Gilt Bond and Dynamic Bond Funds space
bull Investors looking for relatively higher YTM can consider Floating rate Fund Medium-Term Fund and Credit Risk Fund segment
bull Investors should stay invested across fixed income strategies ndash as ldquocarryrdquo assumes significance over ldquocapital gainsrdquo
Debt Investment Opportunity
71
Debt Funds Have Generated Good Returns For The Patient Investors
Source MFi Explorer Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to disclaimer slides for detailed performance and scheme information of the funds 72
Fund Name 3 Year Returns of Fund () (CAGR)
Kotak Gilt Fund 980
Kotak Dynamic Bond Fund 921
Kotak Banking and PSU Debt Fund 894
Kotak Bond Fund 879
Kotak Corporate Bond Fund 838
Kotak Bond Short Term Fund 815
Kotak Credit Risk Fund 702
Kotak Medium Term Fund 650
73
Kotak Dynamic Bond Fund Has Outperformed Over Long-Term Since 2018
928
600
650
700
750
800
850
900
950
1000
1050
Feb
-18
Ap
r-1
8
May
-18
Jul-
18
Au
g-1
8
Sep
-18
No
v-1
8
Dec
-18
Jan
-19
Mar
-19
Ap
r-1
9
Jun
-19
Jul-
19
Au
g-1
9
Oct
-19
No
v-1
9
Jan
-20
Feb
-20
Mar
-20
May
-20
Jun
-20
Jul-
20
Sep
-20
Oct
-20
Dec
-20
Jan
-21
Feb
-21
Rolling Returns()
Kotak Dynamic Bond Fund - Reg - Growth NIFTY Composite Debt Index
915
Credit funds carry credit risk and duration dynamic funds carry interest rate risk
Hence our advice to IFA distributors is that they allocate clients money in both dynamic and accrual funds from a 3 year perspective
Source ICRA As on 26th February 2021 The above returns is daily rolling returns for last 36months Past Performance is not a guarantee for future return Mutual fund investments are subject to market risks read all scheme related documents carefully Please refer to the disclaimer slides for detailed performance of the fund
Kotak Medium Term Fund
Fund YTM (As on 26 Feb 2021) Respective Segment YieldsIncremental Earnings
(Spread)
Kotak Medium Term Fund 699 3 Year AA 574 125
Source Bloomberg Data as on 26-Feb-2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for performance details amp scheme information
Mutual fund investment are subject to market risks read all scheme related documents carefully
26-Feb-2021 Average Maturity (Years) Modified Duration (Years) Macaulay Duration (Years)
378 263 281
bull Duration of the fund has come down as we expect normalisation of rates to take place over the course of next 1 year We see merit in running lower duration in Medium Term Fund
bull We believe Kotak Medium Term fund is a reasonably attractive investment option for investors with minimum 1 year investment horizon
74
Attractive Yields Across The Segment
Source Bloomberg Data as on 26 Feb 2021 Past performance may or may not sustain in the future Please refer to the disclaimer slides for scheme details
Mutual fund investment are subject to market risks read all scheme related documents carefully 75
458
699 699
389
638 638
0
1
2
3
4
5
6
7
8
Kotak Low Duration Fund Kotak Credit Risk Fund Kotak Medium Term Fund
YTM () (As on 26 Feb 21) Respective Segment Yields ()
1 Year OIS
3 Year AA
3 Year AA
Incremental Spread 069
Incremental Spread 061
Incremental Spread 061
Distributor Engagement
76
Prostart ndash Video Learning Platform
1FINANCIAL PLANNING (10 VIDEOS)
2SOCIAL MEDIA MARKETING (14 VIDEOS)
3UNDERSTANDING RISK IN MFrsquoS (5 VIDEOS)
4TAXATION IN MFrsquoS (2 VIDEOS)
5NEW NORMAL (1 VIDEOS)
6MAXIMIZING DIGITAL CONNECTIONS (2 VIDEOS)
7HANDLING INVESTOR EMOTIONS (4 VIDEOS)
8ACQUIRING NEW CLIENTS (3 VIDEOS)
9THE NEXT WAVE (3 VIDEOS)
77
Over 25000 Participants
have viewed these Videos (Till Feb 2021)
Testimonials
ldquoGood Initiative developed by Kotak MF to enhance knowledge amp practical approach for MFDsrdquo -Md Qaise Ghazali
ldquoVery Knowledgeable Thank You Kotak MF Teamrdquo ndashVikas Jain
10DEBT DEMYSTIFIED (12 VIDEOS)
78
Business Dashboard
Transaction History
Distributor Initiated Transaction
Capital Gain and Account Statement
Prostart
Business Hub
More than 13574 IFArsquos are actively using Business Hub
Dont miss out on the benefits of Business Hub
Co-branding Marketing Material
Business opportunities
Stay Updated Follow us at Kotak Mutual Fund Click here to visit our YouTube Channel
How To Boost Business Using Business Hub
Product Video ndash Now Available In Different Languages
Kotak Bluechip Fund
Debt Market Outlook ndash March 2021
Kotak NASDAQ-100 FOF
How to make money through equity asset allocation (English)
Equity Market Outlook ndash March 2021
HindiGujaratiMarathiTeluguKannadaTamilMalayalamBengali
English ndash Mr Arjun Khanna amp Ms Lakshmi Iyer amp Mr Harsha Upadhyaya
Hindi - Mr Arjun Khanna
79
80
Please Follow Like And Share Kotak Mutual Fundrsquos Official Social Media Pages For Regular Updates
Twitter - KotakMF - httpstwittercomKotakMF
Facebook - KotakMF - httpsfacebookcomKotakMF
YouTube - Kotak Mutual Fund - httpswwwyoutubecomcKotakMutualFundOfficial
Instagram - Kotak Mutual Fund - httpsinstagramcomkotakmfigshid=kr86qg3u973n
LinkedIn - Kotak Mutual Fund - httpswwwlinkedincomcompanykotak-mutual-fund
ANNEXURES
81
Kotak MF Mantra lsquoReturn of Capitalrsquo is more important
Strong Promoters Cashflow backed business Liquidity and Asset Security are key to our investment ideas
82
Rating amp Category Breakup Across Kotak MF Open-Ended Debt Funds
Data As on 26 Feb 2021
We follow our investment process of focussing on credit quality and liquidity profile of our debt funds and maintain high degree of transparency for investors
Please consult your financial advisor or other professionals before acting on any information in this communication
It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Mutual fund investments are subject to market risks read all scheme related documents carefully
Feb-21 April-20
Credit Rating of Open-Ended Debt Funds of Total AUM of Total AUM
TbillG-SecSDLAAAA1+Cash 9393 9281
AA+ 228 165
AA 248 290
AA- 087 142
Below AA- 043 122
Grand Total (AUM) (INR Cr) 11895880 78624
The above rating allocation does not include NCA (Net Current Assets)
83
bull At Kotak MF we have zero borrowing across all our funds as on 26 Feb 2021
Mutual fund investments are subject to market risks read all scheme related documents carefully
Liquidity Position Of Kotak MF Debt Funds As said earlier our incremental allocation has gone into higher quality assets
Name of the Fund Fund Category of AUM in AAA (Long Term) or
A1+ (Short Term) Sovereign Debt Cash amp NCA (Dec 2020)
of AUM in AAA (Long Term) or A1+ (Short Term) Sovereign Debt
Cash amp NCA (Apr 2020)
Non-Credit Strategies
Kotak Liquid Fund Liquid 100 100
Kotak Money Market Fund Money Market 100 100
Kotak Corporate Bond Fund Corporate Bond 100 100
Kotak Bond Short Term Fund Short Duration 100 100
Kotak Bond Fund Medium to Long Duration 96 86
Kotak Dynamic Bond Fund Dynamic Bond 92 85
Kotak Savings Fund Ultra Short Duration 91 87
Kotak Banking and PSU Debt Fund
Banking and PSU 88 79
Kotak Low Duration Fund Low Duration 85 52
Credit Strategies
Kotak Medium Term Fund Medium Duration 63 50
Kotak Credit Risk Fund Credit Risk 36 27
As on 26 Feb 2021It is the prerogative of the fund manager to ascertain whether any security provides investment benefit to the fund and is in keeping with the larger investment goal strategy and the investment amp operational mandate of the fund As such the fund manager may or may not choose to invest in a particular credit paper The portfolio construction is the purview of the Fund Manager and allocation may change from time to time Internal Source Please refer to the disclaimer slides for scheme details
The above rating allocation includes NCA (Net Current Assets)
84
Key Variables amp Their Impact On Interest Rates
Key VariablesShort Term
(3-6mo)Medium Term
(6mo-2yrs)Remarks ndash( Denotes fall in Interest Rates )
InflationHeadline CPI is expected to be in the range of 4-5 for the year Despite expansion of the fiscal deficit the quality ofspending appears to be non inflationary Inflation is unlikely to be area of problem in the year
Rupee
INR has been quite strong since last 3m curtsey strong FDI and FPI flows in equity Lat 1 yr also its marginallydepreciated We have FX reserves closes to 600 bn and given CAD and TD under control INR is expected to remain wellbid We believe in the absence of any geo political event INR is expected to be stable and shall appreciate as economicgrowth stabilizes RBI is keeping INR competitive on REER basis
Credit DemandGradually economy is opening up and Credit growth is expected to pickup as unlocking activity resumes and gains momentum post vaccination in phases However situation is fragile and this may accentuate the situation further However easy rates may help some demand pickup Till then credit growth will not impact rates negatively
Government Borrowing
Union budget has shocked the market by giving 80 extra borrowing for the current year in dated securities Next year also borrowing is on heavier side However we believe the govt RBI may have some credible plan to conduct the borrowing smoothly As the budget is non inflationary and otherwise also inflation is under control there is no reason for govt to give so high real rates hence we believe the RBI will pull some demand leveres such as index inclusion or OMO Will have to wait for MPC
RBI PolicyRbi has shown commitment in the past and there is no reason for taking the rates higher hence we believe RBI is expected to come up with some credible plan If they leave it to the market then we are headed for a tough time
Global Event RiskThe News of a Vaccine has triggered a risk-on event and lead to a sharp rally in risk asset and bonds were sold offHowever yields will look for growth which may not come in a hurry On the other hand the risk of a geopolitical eventis always open
Corporate bond SpreadWhile some green shoots seen but on an over all basis the economy is still struggling Short term spreads have seendecent compression unlikely to compress further meaningfully Long terms bonds still offer attractive spreads but likelyjust a carry trade
Debt FII flowWe have seen some traction coming in near term with revival of flows from the FPI in debt However its seems real flows will only be seen with index inclusion
Liquidity
Despite very high liquidity more than 1 yr yield is moving higher as the fear is RBI will remove accommodation sooner than later However we believe large part of the move is done 2-10 yr curve
85
Key Variables amp Their Impact On Equities
Key VariablesShort -term
Medium ndashterm
Remarks
EconomyWhile Covid-19 impacts economy there is likely to be sequential improvement as Indian economy unlocks
Corporate EarningsWhile Covid-19 impacts corporate India there is likely to be sequential improvement as Indian economy unlocks
FII FlowIndia stands out among global asset classes with prospects of strong long term growth given favorable demographics
DII Flow Long runaway of growth in financialization of savings
Supply of paperHigher disinvestment target and repair of leveraged balance sheet to create supply in markets
PolicyReform Initiative Expect improved reform momentum
Signify Growth 86
Disclaimers amp Disclosures
87
The information contained in this (document) is extracted from different public sources All reasonable care has been taken to ensure that the information contained hereinis 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 KotakMahindra Asset Management Co Ltd or any associated companies or any employee thereofWe are not soliciting any action based on this material and is for generalinformation only Investors should consult their financial advisors if in doubt about whether the product is suitable for them before investing
These materials are not intended for distribution to or use by any person in any jurisdiction where such distribution would be contrary to local law or regulation Thedistribution of this document in certain jurisdictions may be restricted or totally prohibited and accordingly persons who come into possession of this document arerequired to inform themselves about and to observe any such restrictions
Mutual Fund investments are subject to market risks read all scheme related documents carefully
Disclaimers amp Risk Factors
88
Scheme Inception date is 26052008 Mr Deepak Agrawal has been managing the fund since 25112012 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Dynamic Bond Fund As on 26 Feb 2021
Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Banking amp PSU Debt Fund As on 26 Feb 2021
89
Dec 29 1998Kotak Banking and PSU
Debt Fund - GrowthCRISIL Banking and PSU
Debt Index ALPHA CRISIL 1 Year Tbill
Kotak Banking and PSU Debt Fund - Growth
CRISIL Banking and PSU Debt Index
CRISIL 1 Year TBill
Since Inception 753 NA NA 662 50043 NA 41450
Last 1 Year 744 632 112 547 10742 10630 10546
Last 3 Years 894 868 026 665 12926 12834 12127
Last 5 Years 846 854 -008 656 15006 15064 13739
May 26 2008Kotak Dynamic Bond
Fund - GrowthNIFTY Composite Debt
Index ALPHA CRISIL 1 Year TBill
Kotak Dynamic Bond Fund - Growth
NIFTY Composite Debt Index
CRISIL 1 Year TBill
Since Inception 860 846 014 648 28659 28180 22287
Last 1 Year 685 790 -105 547 10683 10788 10546
Last 3 Years 921 934 -013 665 13022 13068 12127
Last 5 Years 912 868 044 656 15470 15161 13739
Scheme Inception date is 06032008 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Low Duration Fund As on 26 Feb 2021
Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Fund As on 26 Feb 2021
90
Mar 06 2008Kotak Low Duration
Fund - GrowthNIFTY Low Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Low Duration Fund - Growth
NIFTY Low Duration Debt Index
CRISIL 1 Year TBill
Since Inception 769 827 -058 648 26178 28053 22605
Last 1 Year 669 594 075 547 10667 10592 10546
Last 3 Years 760 723 037 665 12455 12326 12127
Last 5 Years 774 735 039 656 14514 14256 13739
Nov 25 1999Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
ALPHA CRISIL 10 Year Gilt Kotak Bond Fund -
GrowthNIFTY Medium to Long Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 878 NA NA NA 59893 NA NA
Last 1 Year 672 765 -093 493 10670 10763 10492
Last 3 Years 879 912 -033 894 12872 12990 12927
Last 5 Years 800 859 -058 734 14692 15093 14246
Scheme Inception date is 02052002 Mr Deepak Agrawal has been managing the fund since 11072007 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Bond Short Term Fund on 26 Feb 2021
Scheme Inception date is 21092007 Mr Deepak Agrawal has been managing the fund since 01022015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Corporate Bond Fund on 26 Feb 2021
91
May 02 2002Kotak Bond Short Term
Fund - GrowthNIFTY Short Duration
Debt Index ALPHA CRISIL 1 Year TBill
Kotak Bond Short Term Fund - Growth
NIFTY Short Duration Debt Index
CRISIL 1 Year TBill
Since Inception 772 793 -021 607 40606 42094 30324
Last 1 Year 720 797 -077 547 10718 10794 10546
Last 3 Years 815 828 -013 665 12648 12692 12127
Last 5 Years 785 808 -024 656 14585 14746 13739
Sep 21 2007Kotak Corporate Bond
Fund - GrowthCRISIL Corporate Bond
Composite Index ALPHA CRISIL 1 Year TBill
Kotak Corporate Bond Fund - Growth
CRISIL Corporate Bond Composite Index
CRISIL 1 Year TBill
Since Inception 818 939 -120 645 28790 33407 23163
Last 1 Year 741 793 -052 547 10739 10791 10546
Last 3 Years 838 894 -057 665 12726 12927 12127
Last 5 Years 830 885 -055 656 14898 15277 13739
Scheme Inception date is 11052010 Mr Deepak Agrawal has been managing the fund since 12042010 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Credit Risk Fund As on 26 Feb 2021
Scheme Inception date is 21032014 Mr Deepak Agrawal has been managing the fund since 22062015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Medium Term Fund As on 26 Feb 2021
92
May 11 2010Kotak Credit Risk Fund -
GrowthNIFTY Credit Risk Bond
Index ALPHA CRISIL 1 Year TBill
Kotak Credit Risk Fund -Growth
NIFTY Credit Risk Bond Index
CRISIL 1 Year TBill
Since Inception 808 930 -121 671 23159 26128 20167
Last 1 Year 455 987 -532 547 10453 10984 10546
Last 3 Years 702 900 -198 665 12253 12946 12127
Last 5 Years 755 900 -145 656 14384 15380 13739
Mar 21 2014Kotak Medium Term
Fund - GrowthNIFTY Medium Duration
Debt Index ALPHA CRISIL 10 Year Gilt
Kotak Medium Term Fund - Growth
NIFTY Medium Duration Debt Index
CRISIL 10 Year Gilt
Since Inception 812 900 -088 826 17192 18192 17350
Last 1 Year 456 873 -417 493 10455 10871 10492
Last 3 Years 650 902 -252 894 12078 12954 12927
Last 5 Years 730 863 -133 734 14218 15121 14246
Kotak Balanced Advantage Fund Performance as on 26 Feb 2021
Scheme Inception date is 03082018 Mr Harish Krishnan Mr Abhishek Bisen have been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the periodhave been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point(PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark Alpha is difference ofscheme return with benchmark return
Kotak Debt Hybrid Fund Performance as on 26 Feb 2021
Scheme Inception date is 02122003 Mr Abhishek Bisen has been managing the fund since 01042008 Mr Devender Singhal has been managing the fund since 25082015Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (CompoundedAnnualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of SchemeBenchmark Name of Additional BenchmarkThe performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark returnTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant(PRI)The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using compositeCAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return 93
Aug 03 2018Kotak Balanced
Advantage Fund -Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA Nifty 50 TRI
Kotak Balanced Advantage Fund -
Growth
NIFTY 50 Hybrid Composite Debt 5050
Index Nifty 50 TRI
Since Inception 1092 1167 -075 1130 13052 13281 13166
Last 1 Year 1849 2142 -292 3137 11844 12135 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Dec 02 2003Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
ALPHA CRISIL 10 Year Gilt Kotak Debt Hybrid Fund -
GrowthCRISIL Hybrid 85+15 -Conservative Index
CRISIL 10 Year Gilt
Since Inception 809 855 -045 582 38280 41141 26537
Last 1 Year 1502 1166 336 493 11497 11162 10492
Last 3 Years 923 1010 -086 894 13030 13341 12927
Last 5 Years 1046 1030 017 734 16443 16319 14246
Kotak Asset Allocator Fund as on 26 Feb 2021
Scheme Inception date is 09082004 Mr Devender Singhal amp Mr Arjun Khanna has been managing the fund since 09052019 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) The debt component of the index is TRI since inception For equity component of the index as TRI data is not available since inception of the scheme benchmark performance is calculated using composite CAGR of SampP BSE 200 PRI values series is used till 31st July 2006 and TRI values is used since 1st Aug 2006 Alpha is difference of scheme return with benchmark return
Scheme Inception date is 29121998 Mr Abhishek Bisen has been managing the fund since 15042008 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark The performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Alpha is difference of scheme return with benchmark return
Kotak Gilt Fund As on 26 Feb 2021
94
Aug 09 2004Kotak Asset Allocator
Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index ALPHA SampP BSE SENSEX TRI
Kotak Asset Allocator Fund - Growth
NIFTY 50 Hybrid Composite Debt 5050
Index SampP BSE SENSEX TRI
Since Inception 1578 1221 357 1579 113266 67426 113398
Last 1 Year 2928 2142 786 3000 12919 12135 12990
Last 3 Years 1462 1199 262 1422 15051 14043 14894
Last 5 Years 1464 1355 109 1789 19793 18868 22764
Dec 29 1998Kotak Gilt Fund -
GrowthNIFTY All Duration G-Sec
Index ALPHA CRISIL 10 Year Gilt
Kotak Gilt Fund -Growth
NIFTY All Duration G-Sec Index
CRISIL 10 Year Gilt
Since Inception 951 NA NA NA 74952 NA NA
Last 1 Year 768 641 128 493 10766 10639 10492
Last 3 Years 980 1001 -021 894 13234 13311 12927
Last 5 Years 892 848 044 734 15325 15020 14246
Kotak Pioneer Fund as on 26 Feb 2021
Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Different plans have different expense structure The performance details provided herein are of regular plan 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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
95
Oct 31 2019Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
ALPHA Nifty 50 TRI Kotak Pioneer Fund -
Growth
85 IISL Kotak India Pioneering Innovations
+ 15 MSCI ACWI Information Technology
Index TRI
Nifty 50 TRI
Since Inception 3678 2467 1211 1752 15149 13397 12386
Last 1 Year 5550 4230 1320 3137 15531 14216 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Feb 25 2008Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
ALPHA Nifty 50 TRI
Kotak Infrastructure and Economic Reform Fund -
Growth
India Infrastructure Index (Customised Index by IISL)
Nifty 50 TRI
Since Inception 719 133 586 951 24675 11876 32619
Last 1 Year 2940 3064 -124 3137 12931 13054 13127
Last 3 Years 405 243 162 1288 11265 10746 14378
Last 5 Years 1332 1089 243 1729 18676 16760 22189
Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 01022015
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Infrastructure amp Economic Reform Fund as on 26 Feb 2021
96
Feb 20 2018Kotak India Growth Fund -
Series IV - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series IV - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1462 1173 289 1328 15099 13979 14570
Last 1 Year 6667 3224 3443 3137 16644 13214 13127
Last 3 Years 1471 1135 335 1288 15087 13803 14378
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 20022018 Mr Devender Singhal has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak India Growth Fund Series IV as on 26 Feb 2021
Kotak India Growth Fund Series V as on 26 Feb 2021
May 15 2018Kotak India Growth Fund -
Series V - GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak India Growth Fund -Series V - Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1389 1146 243 1265 14372 13534 13939
Last 1 Year 4661 3224 1437 3137 14646 13214 13127
Last 3 Years NA NA NA NA NA NA NA
Last 5 Years NA NA NA NA NA NA NA
Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018
Different plans have different expense structure The performance details provided herein are of regular plan
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 gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
Alpha is difference of scheme return with benchmark return
Kotak Smallcap Fund Performance as on 26 Feb 2021
Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the TotalReturn variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
97
Kotak Smallcap Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1930000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 8187177 3266871 1617790 1001229 576604 190906
Scheme Returns () 1620 1905 1843 2067 3331 12808
NIFTY Smallcap 100 (TRI) Returns () 1048 1159 1036 1161 2174 12178
Alpha 572 746 808 905 1158 630
NIFTY Smallcap 100 (TRI) (Rs) 4794025 2190608 1213472 802393 493594 187746
Nifty 50 (TRI) (Rs)^ 5809863 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1256 1341 1364 1570 1947 6633
Scheme Inception - February 242005 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Feb 24 2005Kotak Smallcap Fund -
GrowthNIFTY Smallcap 100 TRI ALPHA Nifty 50 TRI
Kotak Smallcap Fund -Growth
NIFTY Smallcap 100 TRI Nifty 50 TRI
Since Inception 1648 1274 375 1440 115182 68229 86309
Last 1 Year 5224 4358 866 3137 15207 14344 13127
Last 3 Years 1309 -017 1326 1288 14460 9950 14378
Last 5 Years 2040 1419 622 1729 25291 19406 22189
Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012Different plans have different expense structure The performance details provided herein are of regular plan^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR(Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) Performance as on 26 Feb 2021
98
Kotak Flexi Cap Fund (Previously known as Kotak Select Standard Multi Cap Fund)
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1380000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 3453492 2729977 1380165 856388 468086 156611
Scheme Returns () 1505 1571 1397 1426 1792 6240
Nifty 200 (TRI) Returns () 1288 1368 1351 1514 1931 6874
Alpha 218 204 045 -088 -139 -634
Nifty 200 (TRI) (Rs) 3011611 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 2974930 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1268 1341 1364 1570 1947 6633
Scheme Inception - September 11 2009 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 11 2009Kotak Flexi Cap Fund -
GrowthNifty 200 TRI ALPHA Nifty 50 TRI
Kotak Flexi Cap Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1391 1156 235 1140 44527 35062 34492
Last 1 Year 2497 3224 -727 3137 12489 13214 13127
Last 3 Years 1082 1135 -054 1288 13604 13803 14378
Last 5 Years 1738 1719 020 1729 22274 22089 22189
Kotak Emerging Equity Fund Performance As on 26 Feb 2021
Scheme Inception date is 30032007 Mr Pankaj Tibrewal has been managing the fund since 27052010 Different plans have different expense structure The performance detailsprovided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circulardated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha isdifference of scheme return with benchmark return
99
Kotak Emerging Equity Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1680000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 6176383 3334607 1562085 940171 526485 173627
Scheme Returns () 1705 1943 1745 1807 2647 9422
Nifty Midcap 100 (TRI) Returns () 1388 1480 1370 1440 2237 9753
Alpha 316 463 375 368 410 -332
Nifty Midcap 100 (TRI) (Rs) 4795200 2599125 1367070 859342 497885 175354
Nifty 50 (TRI) (Rs)^ 4226246 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1229 1341 1364 1570 1947 6633
Scheme Inception - March 30 2007 The returns are calculated by XIRR approach assuming investment of 10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Mar 30 2007Kotak Emerging Equity
Fund - GrowthNifty Midcap 100 TRI ALPHA Nifty 50 TRI
Kotak Emerging Equity Fund - Growth
Nifty Midcap 100 TRI Nifty 50 TRI
Since Inception 1320 1332 -012 1138 56228 57054 44823
Last 1 Year 3676 3998 -322 3137 13664 13985 13127
Last 3 Years 1207 679 528 1288 14070 12177 14378
Last 5 Years 1997 1624 372 1729 24836 21217 22189
Kotak Tax Saver Fund Performance as on 26 Feb 2021
Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015 Different plans have different expense structure The performance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
100
Kotak Tax Saver Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1840000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5208479 2557585 1384584 874589 483657 158907
Scheme Returns () 1251 1450 1406 1511 2027 6660
Nifty 500 (TRI) Returns () 1244 1387 1367 1525 1992 7206
Alpha 007 063 038 -014 035 -546
Nifty 500 (TRI) (Rs) 5177617 2472906 1365740 877640 481312 161867
Nifty 50 (TRI) (Rs)^ 5074950 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1221 1341 1364 1570 1947 6633
Scheme Inception - November 23 2005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initialand final value and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Nov 23 2005Kotak Tax Saver Fund -
GrowthNifty 500 TRI ALPHA Nifty 50 TRI
Kotak Tax Saver Fund -Growth
Nifty 500 TRI Nifty 50 TRI
Since Inception 1217 1303 -085 1328 57797 64882 67113
Last 1 Year 2685 3347 -662 3137 12677 13337 13127
Last 3 Years 1219 1086 133 1288 14116 13621 14378
Last 5 Years 1741 1731 010 1729 22304 22207 22189
Kotak Equity Opportunities Fund Performance as on 26 Feb 2021
Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012 Different plans have different expense structure The performance details provided hereinare of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRAMFI Explorer Name of Scheme Benchmark Name of Additional BenchmarkTRI Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price ReturnVariant (PRI) Alpha is difference of scheme return with benchmark return
101
Kotak Equity Opportunities Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1980000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 7635338 2664264 1403160 880871 486395 158045
Scheme Returns () 1478 1526 1443 1540 2067 6502
Nifty 200 (TRI) Returns () 1281 1368 1351 1514 1931 6874
Alpha 197 158 092 026 136 -373
Nifty 200 (TRI) (Rs) 6308482 2447722 1358050 875181 477275 160074
Nifty 50 (TRI) (Rs)^ 6292270 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1279 1341 1364 1570 1947 6633
Scheme Inception - September 09 2004 The returns are calculated by XIRR approach assuming investment of Rs 10000- 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 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 TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Sep 09 2004Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI ALPHA Nifty 50 TRI Kotak Equity
Opportunities Fund -Growth
Nifty 200 TRI Nifty 50 TRI
Since Inception 1831 1537 294 1555 159694 105534 108232
Last 1 Year 2771 3224 -453 3137 12762 13214 13127
Last 3 Years 1158 1135 023 1288 13887 13803 14378
Last 5 Years 1791 1719 072 1729 22776 22089 22189
Kotak Bluechip Fund Performance as on 26 Feb 2021
Since inception date of Kotak Bluechip Fund - Reg Growth is 4022003 Mr Harish Krishnan has been managing the fund since 01012014Different plans have different expense structure Theperformance details provided herein are of regular plan ^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at thethen prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000-investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark TRI Total Return Index In terms of SEBI circular dated January 4 2018 theperformance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the schemebenchmark performance is calculated using composite CAGR of SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Since Inception date of KotakBluechip Fund- Dividend plan is 29121998 Alpha is difference of scheme return with benchmark return
102
Kotak Bluechip Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 2170000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 9909049 2429408 1342358 867738 482271 158190
Scheme Returns () 1497 1354 1319 1479 2006 6528
Nifty 50 (TRI) Returns () 1393 1341 1364 1570 1947 6633
Alpha 103 013 -045 -091 059 -105
Nifty 50 (TRI) (Rs) 8857197 2412890 1363994 887303 478297 158761
SampP BSE SENSEX (TRI) (Rs)^ 9110194 2472879 1393707 907359 481833 157647
SampP BSE SENSEX (TRI) Returns () 1419 1387 1424 1662 2000 6429
Scheme Inception - December 29 1998 The returns are calculated by XIRR approach assuming investment of `10000- 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 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) As TRI data is not available since inception of the scheme benchmark SIP Performance is calculated by taking SampP BSE Sensex PRI values from 29th Dec 1998 to 31st May 2007 and TRI Values since 31st May 2007 Alpha is difference of scheme return with benchmark return
Feb 04 2003Kotak Bluechip Fund -
GrowthNifty 50 TRI ALPHA SampP BSE SENSEX TRI
Kotak Bluechip Fund -Growth
Nifty 50 TRI SampP BSE SENSEX TRI
Since Inception 1967 1722 246 1738 256865 176573 181028
Last 1 Year 3007 3137 -130 3000 12998 13127 12990
Last 3 Years 1181 1288 -107 1422 13975 14378 14894
Last 5 Years 1575 1729 -154 1789 20767 22189 22764
Kotak India EQ Contra Fund as on 26 Feb 2021
Jul 27 2005Kotak India EQ Contra
Fund - GrowthNifty 100 TRI ALPHA Nifty 50 TRI
Kotak India EQ Contra Fund - Growth
Nifty 100 TRI Nifty 50 TRI
Since Inception 1321 1408 -088 1388 69209 78041 75924
Last 1 Year 3123 3120 003 3137 13113 13110 13127
Last 3 Years 1293 1191 102 1288 14396 14010 14378
Last 5 Years 1830 1719 110 1729 23155 22098 22189
Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019
Different plans have different expense structure The performance details provided herein are of regular plan
^Past performance may or may not be sustained in futureAll payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV Returns gt= 1 year CAGR (Compounded Annualised Growth Rate) NA stands for data not available Note Point to Point (PTP) Returns in INR shows the value of 10000- investment made at inception Source ICRA MFI Explorer Name of Scheme Benchmark Name of Additional Benchmark
TRI - Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
103
Kotak India EQ Contra Fund
Systematic Investment Plan (SIP) If you had invested Rs 10000 every month
Monthly SIP of Rs 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (Rs) 1880000 1200000 840000 600000 360000 120000
Total Value as on February 26 2021 (Rs) 5753810 2581589 1412974 907013 487708 163570
Scheme Returns () 1309 1467 1463 1660 2087 7522
Nifty 100 (TRI) Returns () 1268 1363 1351 1519 1891 6526
Alpha 041 104 112 141 195 996
Nifty 100 (TRI) (Rs) 5543589 2441380 1357611 876201 474636 158175
Nifty 50 (TRI) (Rs)^ 5371562 2412890 1363994 887303 478297 158761
Nifty 50 (TRI) Returns () 1233 1341 1364 1570 1947 6633
Scheme Inception - July 272005 The returns are calculated by XIRR approach assuming investment of `10000- on the 1st working day of every month XIRR helps in calculating return on investments given an initial and finalvalue and a series of cash inflows and outflows and 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 TRI 1048651 Total Return Index In terms of SEBI circular dated January 4 2018 the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Benchmark Index instead of Price Return Variant (PRI) Alpha is difference of scheme return with benchmark return
Other Funds Managed by Mr Deepak Agarwal
Mr Deepak Agrawal manages 12 funds amp All FMPs of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan (Kotak Bond Short Term Fund (May 02 02) Kotak Dynamic Bond Fund (May 26 08) Kotak Money Market Fund (Nov 25 07) Kotak Liquid Fund (Nov 04 03) Kotak Banking and PSU Debt Fund (Dec 29 98) Kotak Savings Fund (Jul 11 07) Kotak Credit Risk Fund (May 11 10) Kotak Medium Term Fund (Mar 21 14) Kotak Low Duration Fund (Jan 31 15) Kotak Corporate Bond Fund (Sep 21 07) Kotak Overnight Fund (Jan 15 19) All Fixed Maturity Plans in existence (Aug 1315) Kotak Floating Fund (May 14 2019)
Kotak Floating Rate Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 14052019 Mr Deepak Agrawal has been managing the fund since 14052019Kotak Banking and PSU Debt Fund - Growth Name of the Benchmark - CRISIL Banking and PSU Debt Index Scheme Inception date is 29121998 Mr Deepak Agrawal has been managing the fund since 01082008Kotak Savings Fund ndash GrowthName of the Benchmark - NIFTY Ultra Short Duration Debt Index Scheme Inception date is 13082004 Mr Deepak Agrawal has been managing the fund since 01042008Kotak Liquid Fund - Growth Name of the Benchmark - NIFTY Liquid Index Scheme Inception date is 04112003 Mr Deepak Agrawal has been managing the fund since 01052007Kotak Overnight Fund - Growth Name of the Benchmark - NIFTY 1D Rate Index Scheme Inception date is 15012019 Mr Deepak Agrawal has been managing the fund since 15012019Kotak Money Market Fund - Growth Name of the Benchmark - NIFTY Money Market Index Scheme Inception date is 14072003 Mr Deepak Agrawal has been managing the fund since 01112006
104
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Floating Rate Fund - Growth 808 514 NA NA NA NA 772 610
Kotak Banking and PSU Debt Fund - Growth 744 632 894 868 846 854 753 NA
Kotak Savings Fund - Growth 524 514 684 696 705 716 760 797
Bottom 3
Kotak Money Market Fund - Growth 520 471 692 638 699 672 728 742
Kotak Liquid Fund - Growth 377 388 577 582 627 624 715 717
Kotak Overnight Fund - Growth 296 312 NA NA NA NA 429 443
Funds Managed by Mr Harsha Upadhyaya
Mr Harsha Upadhyaya manages 4 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Opportunities Fund (Sep 9 04) Kotak Flexicap Fund (Erstwhile Kotak Standard Multicap Fund) (Sep 11 09) Kotak Tax Saver Fund (Nov 2305)
Funds Managed by Mr Pankaj Tibrewal
Mr Pankaj Tibrewal manages 3 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Small Cap Fund (Feb 2405) Kotak Emerging Equity Fund (Mar 3007) Kotak Equity Hybrid Fund (Nov 2599) Kotak Smallcap Fund - Growth Name of the Benchmark - NIFTY Smallcap 100 TRI Scheme Inception date is 24022005 Mr Pankaj Tibrewal has been managing the fund since 21012010 Kotak Equity Hybrid Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008
105
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Equity Opportunities Fund - Growth 2771 3224 1158 1135 1791 1719 1831 1537
Kotak Tax Saver Fund - Growth 2685 3347 1219 1086 1741 1731 1217 1303
Kotak Flexi Cap Fund - Growth 2497 3224 1082 1135 1738 1719 1391 1156
Kotak ESG Opportunities Fund - Growth Kotak ESG Opportunities Fund has not yet completed 1 year from Inception the performance of the scheme is not disclosed
Kotak Equity Opportunities Fund - Growth (Erstwhile Kotak Opportunities) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 09092004 Mr Harsha Upadhyaya has been managing the fund since 04082012
Kotak Tax Saver Fund - Growth Name of the Benchmark - Nifty 500 TRI Scheme Inception date is 23112005 Mr Harsha Upadhyaya has been managing the fund since 25082015
Kotak Flexi Cap Fund - Growth (Erstwhile Kotak Standard Multicap Fund) Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 11092009 Mr Harsha Upadhyaya has been managing the fund since 04082012
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Small Cap Fund - Growth 5224 4358 1309 -017 2040 1419 1648 1274
Kotak Emerging Equity Fund - Growth 3676 3998 1207 679 1997 1624 1320 1332
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Funds Managed by Mr Hiten Shah
Mr Hiten Shah manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Balanced Advantage Fund (Aug 03 18) Kotak Equity Savings Fund (Oct 13 2014) Kotak Equity Arbitrage Fund (Sep 29 05) Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Equity Arbitrage Fund - Growth Name of the Benchmark - Nifty 50 Arbitrage Index Scheme Inception date is 29092005 Mr Hiten Shah has been managing the fund since 03102019
Funds Managed by Ms Shibani Kurian
Ms Shibani Kurian manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak India EQ Contra Fund - Growth (July 27 05) Kotak India Growth Fund Series 7 (Aug 31 18) Kotak Focused Equity fund (Jul 16 19) Kotak India EQ Contra Fund - Growth (Erstwhile Classic Equity Fund) Name of the Benchmark - Nifty 100 TRI Scheme Inception date is 27072005 Ms Shibani Kurian has been managing the fund since 09052019Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak India Growth Fund - Series 7 - Growth Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 31082018 Ms Shibani Kurian has been managing the fund since 09052019
106
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^ Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak Balanced Advantage Fund - Growth 1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Kotak Equity Arbitrage Fund - Growth 354 186 539 454 577 484 713 NA
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Kotak India EQ Contra Fund - Growth 3123 3120 1293 1191 1830 1719 1321 1408
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak India Growth Fund - Series 7 - Growth 2018 3137 NA NA NA NA 1042 1037
Other Funds Managed by Mr Harish Krishnan
Mr Harish Krishnan manages 7 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak BluechipFund (Feb 04 03) Kotak Infrastructure amp Economic Reform Fund (Feb 25 08) Kotak India Growth Fund Series 5 (May1518) Kotak Balanced Advantage Fund (Aug 0318) Kotak Equity Savings Fund (Oct 13 14) Kotak Focused Equity fund (Jul 16 19) Kotak Pioneer Fund (Oct 31 19
Kotak Pioneer Fund - Growth Name of the Benchmark - 85 IISL Kotak India Pioneering Innovations + 15 MSCI ACWI Information Technology Index TRI Scheme Inception date is 31102019 Mr Harish Krishnan amp Mr Arjun Khanna has been managing the fund since 31102019Kotak India Growth Fund Series 5- Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 15052018 Mr Harish Krishnan has been managing the fund since 15052018Kotak Bluechip Fund - Growth (Erstwhile Kotak 50) Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 04022003 Mr Harish Krishnan has been managing the fund since 15112013Kotak Focused Equity Fund - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 16072019 Mr Harish Krishnan amp Ms Shibani Kurian has been managing the fund since 16072019Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Infrastructure and Economic Reform Fund - Growth Name of the Benchmark - India Infrastructure Index (Customised Index by IISL) Scheme Inception date is 25022008 Mr Harish Krishnan has been managing the fund since 31012015
107
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Pioneer Fund - Growth 5550 4230 NA NA NA NA 3678 2467
Kotak India Growth Fund - Series 5 - Growth 4661 3224 NA NA NA NA 1389 1146
Kotak Bluechip Fund - Growth 3007 3137 1181 1288 1575 1729 1967 1722
Bottom 3
Kotak Infrastructure and Economic Reform Fund -Growth
2940 3064 405 243 1332 1089 719 133
Kotak Focused Equity Fund - Growth 2751 3224 NA NA NA NA 1991 1655
Kotak Equity Savings Fund - Growth 1314 963 790 704 934 816 837 719
Other Funds Managed by Mr Abhishek Bisen
Mr Abhishek Bisen manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak Equity Hybrid Fund (Nov 05 2014) Kotak Debt Hybrid Fund (Dec 02 03) Kotak Bond Fund (Regular Plan) (Apr 15 08) Kotak Gilt Fund (Regular amp PF-Trust) (Dec 29 98) Kotak Equity Savings Fund (Oct 13 14) Kotak Gold ETF (Jul 27 07) Kotak Gold Fund (Mar 25 11) Kotak Balanced Advantage Fund (Aug 03 18)
Kotak Gold Fund - Growth Name of the Benchmark - Price of Gold Scheme Inception date is 25032011 Mr Abhishek Bisen has been managing the fund since 04032011Kotak Gold ETF Name of the Benchmark - Price of Gold Scheme Inception date is 27072007 Mr Abhishek Bisen has been managing the fund since 15042008 amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Equity Hybrid Fund - Growth (Erstwhile Kotak Balance) Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 6535 Index Scheme Inception date is 25111999 and Kotak Equity Hybrid Fund - Regular plan scheme inception date is 3rd November 2014 Mr Pankaj Tibrewal has been managing the fund since 25082015 Mr Abhishek Bisen has been managing the fund since 15042008Kotak Bond Fund - Growth Name of the Benchmark - NIFTY Medium to Long Duration Debt Index Scheme Inception date is 25111999 Mr Abhishek Bisen has been managing the fund since 01042008Kotak Equity Savings Fund - Growth Name of the Benchmark - 75 NIFTY 50 Arbitrage + 25 Nifty 50 TRI Scheme Inception date is 13102014 Mr Harish Krishnan has been managing the fund since 09052019 Mr Abhishek Bisen has been managing the fund since 17092014 Mr Hiten Shah has been managing the fund since 03102019 Kotak Balanced Advantage Fund - Growth Name of the Benchmark - NIFTY 50 Hybrid Composite Debt 5050 Index Scheme Inception date is 03082018 Mr Abhishek Bisen amp Mr Harish Krishnan has been managing the fund since 03082018 Mr Hiten Shah has been managing the fund since 03102019
108
Scheme Names
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak Equity Hybrid Fund - Growth 2909 2487 1116 1246 1519 1480 1053 1034
Kotak Balanced Advantage Fund - Growth1849 2142 NA NA NA NA 1092 1167
Kotak Equity Savings Fund - Growth1314 963 790 704 934 816 837 719
Bottom 3
Kotak Gold Fund - Growth 741 765 1445 1467 887 860 671 815
Kotak Gold ETF 710 765 1380 1467 764 860 1178 1290
Kotak Bond Fund - Growth 672 765 879 912 800 859 878 NA
Other Funds Managed by Mr Devender Singhal
Mr Devender Singhal manages 8 funds of Kotak Mahindra Mutual Fund Different plans shall have a different expense structure The performance details provided herein are of regular plan Kotak DebtHybrid Fund - Growth (Dec 02 03) Kotak India Growth Fund Series-4 (Feb 14 18) Kotak NV20 ETF (Dec 01 15) Kotak Banking ETF (Dec 10 14) Kotak Sensex ETF (Jun 06 08) Kotak Asset AllocatorFund (Aug 09 04) Kotak PSU Bank ETF (Nov 08 07) Kotak Nifty ETF (Feb 02 10)
Kotak India Growth Fund - Series 4 - Growth Name of the Benchmark - Nifty 200 TRI Scheme Inception date is 14022018 Mr Devender Singhal has been managing the fund since 24012019Kotak NV20 ETF - Name of the Benchmark Nifty 50 Value 20 TRI Scheme Inception date is 01122015 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Sensex ETF Name of the Benchmark - SampP BSE SENSEX TRI Scheme Inception date is 06062008 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Nifty ETF Name of the Benchmark - Nifty 50 TRI Scheme Inception date is 02022010 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak Banking ETF Name of the Benchmark - Nifty Bank TRI Scheme Inception date is 10122014 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019Kotak PSU Bank ETF - Name of the Benchmark Nifty PSU Bank TRI Scheme Inception date is 08112007 Mr Devender Singhal amp Mr Satish Dondapati has been managing the fund since 09052019
109
Scheme Name
1 YEAR 3 YEARS 5 YEARS Since Inception
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Scheme Returns()^
Benchmark Returns ()^
Top 3
Kotak India Growth Fund - Series 4 -Growth
6667 3224 1471 1135 NA NA 1462 1173
Kotak NV20 ETF 3937 4355 1526 1660 1902 2002 1643 1620
Kotak Nifty ETF 3078 3137 1261 1288 1647 1729 1044 1181
Bottom 3
Kotak Sensex ETF 2955 3000 1390 1422 1696 1789 982 1097
Kotak PSU Bank ETF 2203 2303 -876 -807 248 359 -163 -014
Kotak Banking ETF 1749 1948 1108 1183 2008 2068 1087 1132
Fund Type of Scheme
Kotak Equity Opportunities Fund Large amp Mid Cap Fund - An open ended equity scheme investing in both large cap and mid cap stocks
Kotak Small Cap Fund Small cap fund - An open-ended equity scheme predominantly investing in small cap stocks
Kotak Emerging Equity Fund Mid Cap Fund - An open ended equity scheme predominantly investing in mid cap stocks
Kotak Tax Saver Fund An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
Kotak Balanced Advantage Fund Open ended Dynamic Asset Allocation Fund
Kotak Pioneer Fund An open ended equity scheme investing in pioneering innovations theme
Kotak India EQ Contra Fund An open-ended equity scheme following contrarian investment strategy
Kotak Debt Hybrid Fund An open ended hybrid scheme investing predominantly in debt instruments
Kotak Bluechip Fund Large cap fund - An open-ended equity scheme predominantly investing in large cap stocks
Kotak Asset Allocator FundAn open ended fund of fund scheme investing in specified open-ended equity and debt Schemes of Kotak Mahindra
Mutual Fund
Kotak Equity Arbitrage Fund An open ended scheme investing in arbitrage opportunities
Kotak Equity Savings Fund An open ended scheme investing in equity arbitrage and debt
Kotak Flexicap Fund Flexicap Fund - An open ended dynamic equity scheme investing across large cap mid cap small cap stocks
Kotak Focused Equity Fund An open ended equity scheme investing in maximum 30 stocks in large-cap mid-cap and small-cap category
Kotak Floating Rate Fund An open ended debt scheme predominantly investing in floating rate instruments
Kotak Equity Hybrid Fund An open-ended hybrid scheme investing predominantly in equity and equity related instruments
Kotak International REIT FoFAn open ended fund of fund scheme investing in units of SMAM ASIA REIT Sub Trust fund andor other similar overseas
REIT funds
Kotak ESG Opportunities FundAn open ended equity scheme which follows the Environment Social and Governance (ESG) theme with flexibility of
investing across market capitalization 110
Fund Type of Scheme
Kotak Overnight Fund An open ended debt scheme investing in overnight securities
Kotak Gilt Fund An open ended debt scheme investing in government securities across maturity
Kotak Money Market Fund An open ended debt scheme investing in money market instruments
Kotak Savings Fund An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months
Kotak Bond Short Term Fund An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years
Kotak Corporate Bond Fund An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds
Kotak Credit Risk Fund An open ended debt scheme predominantly investing in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds)
Kotak Banking amp PSU Debt Fund An open ended debt scheme predominantly investing in Debt instruments of banks Public Sector Undertakings Public Financial Institutions and Municipal Bonds
Kotak Liquid Fund An open ended liquid scheme
Kotak Low Duration Fund An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months
Kotak Medium Term Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years
Kotak Dynamic Bond Fund An open ended dynamic debt scheme investing across duration
Kotak Bond Fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years
Kotak India Growth Fund Series 5
Multicap Fund - A 1099 days close ended equity scheme investing across large cap midcap and small cap stocks
Kotak India Growth Fund Series 4
Multicap Fund - A 36 months close ended equity scheme investing across large cap midcap and small cap stocks
Kotak Infrastructure amp Economic Reform Fund
An open ended equity scheme following Infrastructure amp Economic Reform theme
111
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 112
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 113
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 114
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 115
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 116
Kotak FlexicapFund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector biasKotak India Growth Series 4
Kotak India Growth Series 5bull Long term capital growthbull Investment in equity and equity related securities without any market
capitalisation and sector bias
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 117
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
Investors should consult their financial advisors if in doubt about whether the product is suitable for them 118
Kotak Liquid Fund
The above risk-o-meter is based on the scheme portfolio as on Jan 31 2021 An addendum may be issued or website updated for new risk-o-meters
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