Kotak Life Individual January 2021

JANUARY 2021
FUND UPDATE
Market Outlook Fund Performance Contents
YOUR INVESTMENT PERFORMANCE

Individual Funds Group Funds
AS ON 31st December 2020 MONTHLY UPDATE JANUARY 2021 | (based on last business day)
CONTENTS
Market Outlook Fund Performance Contents Individual Funds Group Funds
INDIVIDUAL FUNDS
Click on the Fund Name for details
KOTAK GUARANTEED GROWTH FUND

MARKET OUTLOOK 2 (ULIF-013-27/06/03-GRTGWTFND-107)
26
KOTAK GUARANTEED BALANCED FUND
FUND PERFORMANCE OF ULIP FUNDS 7 (ULIF-010-27/06/03-GRTBALFND-107)
27
PENSION CLASSIC OPPORTUNITIES FUND
PRODUCT - FUND MATRIX 10 (ULIF-042-07/01/10-PNCLAOPFND-107)
28
CLASSIC OPPORTUNITIES FUND KOTAK PENSION OPPORTUNITIES FUND
(ULIF-033-16/12/09-CLAOPPFND-107)
12 (ULIF-032-17/07/09-PNOPPFND-107)
29
FRONTLINE EQUITY FUND PENSION FRONTLINE EQUITY FUND
(ULIF-034-17/12/09-FRLEQUFND-107)
13 (ULIF-044-11/01/10-PNFRLEQFND-107)
30
DYNAMIC FLOOR FUND II PENSION GUARANTEE FUND
(ULIF-035-17/12/09-DYFLRFND2-107)
14 (ULIF-038-21/12/09-PNGRTFND-107)
31
BALANCED FUND KOTAK PENSION GROWTH FUND
(ULIF-037-21/12/09-BALKFND-107)
15 (ULIF-030-07/01/09-PNGWTFND-107)
32
KOTAK OPPORTUNITIES FUND KOTAK PENSION FLOOR FUND
(ULIF-029-02/10/08-OPPFND-107)
16 (ULIF-031-13/07/09-PNFLRFND-107)
33
KOTAK AGGRESSIVE GROWTH FUND PENSION FLOOR FUND II
(ULIF-018-13/09/04-AGRGWTFND-107)
17 (ULIF-043-08/01/10-PNFLRKFND2-107)
34
GUARANTEE FUND KOTAK PENSION BALANCED FUND
(ULIF-048-05/02/10-GRTFND-107)
18 (ULIF-011-27/06/03-PNBALFND-107 )
35
MONEY MARKET FUND PENSION BALANCED FUND II
(ULIF-041-05/01/10-MNMKKFND-107)
19 (ULIF-046-24/01/10-PNBALFND2-107)
36
KOTAK DYNAMIC GROWTH FUND KOTAK PENSION BOND FUND
(ULIF-012-27/06/03-DYGWTFND-107)
20 (ULIF-017-15/04/04-PNBNDFND-107)
37
DYNAMIC FLOOR FUND KOTAK PENSION GILT FUND
(ULIF-028-14/11/06-DYFLRFND-107)
21 (ULIF-008-27/06/03-PNGLTFND-107)
38
KOTAK DYNAMIC BALANCED FUND KOTAK PENSION FLOATING RATE FUND
(ULIF-009-27/06/03-DYBALFND-107)
22 (ULIF-022-07/12/04-PNFLTRFND-107)
39
KOTAK DYNAMIC BOND FUND PENSION MONEY MARKET FUND II
(ULIF-015-15/04/04-DYBNDFND-107)
23 (ULIF-039-28/12/09-PNMNMKFND-107)
40
KOTAK DYNAMIC GILT FUND KOTAK ADVANTAGE MULTIPLIER FUND II
(ULIF-006-27/06/03-DYGLTFND-107)
24 (ULIF-026-21/04/06-ADVMULFND2-107)
41
KOTAK DYNAMIC FLOATING RATE FUND DISCONTINUED POLICY FUND
(ULIF-020-07/12/04-DYFLTRFND-107)
25 (ULIF-050-23/03/11-DISPOLFND-107)
42
GROUP FUNDS
Click on the Fund Name for details
KOTAK GROUP DYNAMIC FLOOR FUND KOTAK GROUP SECURE CAPITAL FUND
(ULGF-015-07/01/10-DYFLRFND-107)
45
44 (ULGF-016-12/04/11-SECCAPFND-107)
51
50
KOTAK GROUP BALANCED FUND KOTAK GROUP SHORT TERM BOND FUND
(ULGF-003-27/06/03-BALFND-107)
46
45 (ULGF-018-18/12/13-SHTRMBND-107)
52
51
KOTAK GROUP BOND FUND KOTAK GROUP PRUDENT FUND
(ULGF-004-15/04/04-BNDFND-107)
47
46 (ULGF-019-04/07/17-KGPFFND-107)
52
53
KOTAK GROUP GILT FUND
(ULGF-002-27/06/03-GLTFND-107)
48
47 ANNEXURE 53
59
KOTAK GROUP FLOATING RATE FUND
(ULGF-005-07/12/04-FLTRFND-107)
49
48 DISCLAIMER 57
KOTAK GROUP MONEY MARKET FUND
(ULGF-001-27/06/03-MNMKFND-107)
50
49
AS ON 31st December 2020 MONTHLY UPDATE JANUARY 2021 | (based on last business day) 01
MARKET OUTLOOK
Month Gone By – Markets

Month Gone By – Markets (period ended December 31, 2020)
Equity indices globally and domestically recorded new highs in response to sharp moderation in
Coronavirus cases, emergency approvals provided to vaccines and stimulus approval of USD900bn
in USA. The passage of ever looming Brexit deal also provided a closure to the markets.The
optimism reflected in the rising crude oil prices which crossed USD50/bbl for the first time since
March 2020 due to greenshoots of recovery and rising demand as reflected by a steady fall in US
jobless claims in the month of December.
In line with global equities, Indian equities also saw a sharp rally in December (Nifty up 7.8%).
The primary driver for the rally was huge FPI inflows amounting to USD8.4bn, however the rise
has been pretty uneven as analyzed by a further breakup analysis of sectoral indices. While BSE
Realty bolstered by cheaper home loans and stamp duty discount rose by 20.2% for the month,
followed by BSE Metals at 13.5%; BSE Auto and BSE Power remain laggards at 3.4% and 3.1%
rise respectively.
1mth 1yr 5yr (CAGR)

Nifty 7.8% 14.9% 12.0%
NSE Midcap 50 5.7% 24.9% 11.5%
NSE Small cap 50 8.7% 25.7% 2.7%
Crisil Composite Bond Index 0.3% 12.3% 9.3%
Gold (USD/oz) 6.7% 25.0% 12.3%
Brent Crude (USD/bbl) 8.8% -21.5% 6.8%
Source: Bloomberg
The GoI 10Y Benchmark yield fell by 1.5bps to end the month at 5.895%, however the yields had
moved upto to 5.96% during the month. The US 10Y yields were high by 8 bps to end at 0.92%.
INR gained much lost ground owing to strong dollar inflows and weakening DXY and ended the
month at 73.04/USD in December.
MARKET OUTLOOK
Economy
IIP
CPI 8.00% 3.6%
7.3% 7.6% 0.2%
8.00% 6.9% 6.9%
6.7% 0.00%
6.10%
6.00% -8.00%
-8.00%
-16.00% -10.40%
4.00%
-16.60%
-24.00%
2.00%
-32.00%
0.00%
Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 -40.00% -34.70%
May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20
IIP: Index for Industrial Production for October gained 3.6% YoY (vs. 0.2% in August) and came
in ahead of the consensus forecast (consensus: 1.1%) thereby registering a sharp recovery
betraying the market consensus. Consumer durables recorded a sharp rise at 17.6% compared
to a rise of 3.4% in the previous month, followed by growth in consumer non-durables output
at 7.5% in October compared to an increase of 2.4% in September 2020.
CPI: Headline CPI moderated to 6.9% for the month of November compared to 7.6% in
October. The easing was led by moderation in food basket to 9.4% against previous month
figure of 11%.
Trade Deficit: India recorded a trade deficit of USD 15.5bn for December, against a trade
deficit recorded at USD 9.87bn recorded in November. Merchandise exports were down by
0.8% in December (vs. 9% fall in November) while imports were up 7% mainly fuelled by a
spike in Gold imports which shot up by 82% y-o-y.
Fiscal Deficit: As of November end, India’s fiscal deficit widened to over Rs10.8 trn, ~135% of
the annual target as the fall in revenue collections (40% of annual target vs 50% same time last
year) only acted as a catalyst to burgeouning expenditure on account of social commitments
in the face of a pandemic.
FLOWS
Net FII Net FII Net DII FII buying accelerated sharply in December
CY Ending Flows Debt Flows to USD8.4bn, highest monthly net FII inflow
(USD b) (USD b) (USD b) (vs net buy of USD8.1bn in November)
CY16 2.9 - 6.4 5.4 taking their YTD inflows to USD 23bn. DIIs
CY17 7.8 22.9 14.1 continued to be on the sell side to the tune of
CY 18 -4.4 -6.9 15.9
USD 5.03bn (YTD USD -4.8bn) split between
Domestic MFs USD 2.63bn and Other DIIs
CY 19 16.0 2.1 6.0
USD 2.40bn.
YTD CY20 23.0 -13.7 -4.8
MARKET OUTLOOK
Equity Market Outlook
Nifty P/E Peak Min Average
40 35.7
35.16
35
30
25 21.7
20
15
10 12.1
5
0
Dec-05
Dec-06
Dec-07
Dec-08
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
Dec-16
Dec-17
Dec-18
Dec-19
Dec-20
Source: NSE
Deal activity picked up in December with 14 deals of ~USD2.7bn executed (vs 5 deals worth
~USD1.2bn in Nov) with key ones being IRCTC OFS (~USD598mn), QIPs of PNB (~USD512mn),
Embassy REIT (~USD500mn), Canara Bank (~USD271mn), IDBI Bank (~USD195mn) and IPOs of
Burger King (~USD110mn) and Mrs. Bectors Food Specialities (~USD73mn).
• Earnings: For 3QF21, the markets are expecting a pretty good set of numbers from
Corporate India since the demand in the festive season has been very good for almost all the
sectors. The shift in market share from unorganised to organised will likely continue in this
quarter as well given that the supply chain of the unorganised is still broken and in some cases
even if the supply chain is fixed, the distributors have stuck with the organised sector.
• Fiscal Stimulus: In a virtual pre-budget consultation meeting, representatives of India

Corporates suggested lowering direct tax rates, incentives for housing sector, rationalization of
GST & accelerating infra investments / privatization.
• Privatization: Government expressed confidence of completing divestments of BPCL

and Air India after former received EOIs from three players (Vedanta + 2 PEs) whereas latter
from players including Tata Group and a US based fund.
MARKET OUTLOOK
• Domestic Manufacturing Push: Payment and Overtime related issues at a new factory
of Wistron, a Taiwan based contract manufacturer, resulted into labor unrest and suspension of
production at the company’s plant in South India.
• Farm Reforms: Protests in the North against the contentious farm laws intensified in
December as farmers blocked multiple routes into Delhi even as multiple rounds of talks with
the government failed to fully resolve the deadlock.
• GST: GST collections for November (collected in December) were at an all-time high aided
by improving economic activity, festive demand impact, and better compliance. GST collections
were supported by normalization of economic activity accompanied by festive demand along
with improved compliance associated with recent system changes and drive against GST evaders
and fake bills. Based on the PIB release, total GST collection was at Rs1,152 bn for November
(11.6% yoy) compared to Rs1,050 bn in October. Gross GST collections up to 9MFY21 were at
Rs7.8 tn—contraction of 14.1% over 9MFY20.
Debt Market Outlook
9.5%
9.0% 8.7%
8.5% 7.8%
8.0% 7.7%
7.5%
7.0% 7.5%
6.5% 6.5% 5.90%
6.0%
5.5%
Dec-10
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
Dec-16
Dec-17
Dec-18
Dec-19
10-Year India G-Sec Yield (%)

source: Bloomberg
10-year benchmark G-sec traded in a range of 5.89% to 5.96% in December. Though the
volumes remained lacklustre, the Central Bank supportive actions in form of Operation Twists
has managed to keep the yield curve contained in the face of never ending supply and rising
inflation. What mandates a special remark here is a special report published by RBI which
MARKET OUTLOOK
justified the inflation targetting mechanism at a target rate of 4%. This paper is to be deemed
important as the Monetary Policy Framework is due for review in March 2021.
While, the December Monetory Policy outcome was as per expectations with no slashing of repo
rates, what remained noteworthy was the revision of GDP forecast for FY 2020-21 to -7.5%
from -9.5% stated in October Policy. This combined with the statements in the minutes which
clearly state that RBI should regain control of overnight rates to peg it close to benchamrk rate
and elevated inflation setting in pose a risk of eventual withdrawal of liquidity which in itself
has been a contentious issue for a while.
On the supply front, State Borrowing calendar for Q4 2020-21 at 3.16tn combined with
expetected EBR borrowings by Public Sector Undertakings while ensure a widening of spreads
between Government of India Securities vs SDL/ AAA PSUs.
Given this backdrop, the 10 year benchmark G-sec could trade in the range of 5.80%-6.00%
in the near future.
FUND PERFORMANCE OF ULIP FUNDS
Funds available with insurance plans launched on & post Sept. 1, 2010.
Returns As Classic Frontline Dynamic Floor Balanced Guarantee Kotak Kotak Kotak Money Discontinued
On 31st Opportunities Equity Fund Fund II (AUM: Fund (AUM: Fund (AUM: Dynamic Bond Dynamic Gilt Dynamic Market Fund Policy Fund
December Fund (AUM: (AUM: ` 41,295.58 ` 22,297.66 ` 854.94 Fund (AUM: Fund (AUM: Floating Rate (AUM: (AUM:
2020 ` 6,42,725.80 ` 94,131.38 Lakhs) Lakhs) Lakhs) ` 1,55,064.06 ` 18,751.16 Fund (AUM: ` 52,218.20 ` 56,584.95
Lakhs) Lakhs) Lakhs) Lakhs) ` 1,838.60 Lakhs) Lakhs)
Lakhs)
1 month 6.2 6.6 1.2 4.0 4.4 0.6 0.6 0.4 0.4 0.3
3 months 20.8 22.5 4.1 13.0 11.4 3.2 3.2 1.7 1.0 1.4
6 months 33.0 35.7 4.5 18.8 14.3 3.4 3.0 2.2 2.1 2.3
1 year 14.2 16.5 -5.0 11.7 7.4 11.8 11.3 6.3 4.7 4.7
2 years 13.8 14.4 3.0 11.8 7.4 11.8 11.2 6.9 5.7 5.4
3 years 6.9 8.4 2.8 8.1 6.3 10.0 10.1 6.5 6.0 5.6
4 years 13.3 13.9 5.5 10.7 8.4 8.3 8.2 6.1 6.0 5.7
5 years 11.9 12.3 6.4 10.3 8.2 9.4 9.6 6.6 6.3 5.9
6 years 10.5 10.9 5.3 9.4 6.7 9.0 9.1 6.7 6.7 6.2
7 years 14.7 14.5 7.3 12.0 8.5 9.9 10.3 7.3 7.0 6.6
10 years 10.7 10.5 5.8 9.4 6.8 9.3 9.1 7.8 7.5 n.a
Inception 12.0 11.3 6.3 10.0 7.6 8.8 7.9 7.3 7.2 7.1
Funds available with insurance plans launched Prior to Sept. 1, 2010.

Returns As Kotak Opportunities Fund Kotak Aggressive Growth Kotak Dynamic Growth Fund Dynamic Floor Fund (AUM: Kotak Dynamic Balanced Fund
On 31st (AUM: ` 82,767.77 Fund (AUM: ` 26,997.46 (AUM: ` 6,136.10 ` 65,822.12 (AUM: ` 1,835.55
December Lakhs) Lakhs) Lakhs) Lakhs) Lakhs)
2020
1 month 6.2 6.4 5.2 1.2 4.2
3 months 20.8 22.1 17.0 4.0 11.8
6 months 32.8 33.5 25.6 4.1 16.9
1 year 13.8 15.3 12.6 -4.5 9.4
2 years 13.2 12.9 12.4 3.3 10.8
3 years 6.1 7.7 7.8 2.9 7.4
4 years 12.6 13.2 11.9 5.4 10.2
5 years 11.2 11.5 10.9 6.4 9.9
6 years 9.8 10.1 9.8 5.3 9.1
7 years 14.0 13.9 12.9 7.2 11.8
10 years 10.0 9.9 9.7 5.6 9.3
Inception 15.8 15.2 13.8 8.2 12.6
Returns As Kotak Guaranteed Kotak Guaranteed Pension Classic Kotak Pension Pension Frontline Equity Pension Guarantee
On 31st Growth Fund (AUM: Balanced Fund (AUM: Opportunities Fund Opportunities Fund Fund (AUM: Fund (AUM:
December ` 48,567.10 ` 5,155.41 (AUM: ` 1,903.21 (AUM: ` 139.17 ` 468.96 ` 1,910.65
2020 Lakhs) Lakhs) Lakhs) Lakhs) Lakhs) Lakhs)
1 month 1.1 1.0 6.3 6.1 6.5 4.5

3 months 3.6 3.5 20.6 19.3 21.0 12.4
6 months 3.8 3.9 31.1 31.3 32.9 15.6
1 year -11.9 -7.5 12.9 14.4 15.5 9.6
2 years -0.7 1.9 13.2 13.5 13.9 8.5
3 years -0.3 1.9 6.4 6.3 8.0 7.1
4 years 4.2 5.2 13.0 12.7 13.7 9.0
5 years 5.1 6.2 11.7 11.3 12.0 8.6
6 years 5.1 6.1 10.3 9.9 10.7 7.1
7 years 7.8 8.4 14.6 14.1 14.4 8.9
10 years 6.8 7.3 10.6 10.0 10.4 7.0
Inception 11.2 10.6 12.2 11.4 11.8 7.3
Funds available with insurance plans launched Prior to Sept. 1, 2010.

Returns As Kotak Pension Kotak Pension Pension Floor Kotak Pension Pension Kotak Pension Kotak Pension Kotak Pension Pension Money
On 31st Growth Fund Floor Fund Fund II (AUM: Balanced Fund Balanced Fund Bond Fund Gilt Fund (AUM: Floating Rate Market Fund II
December (AUM: (AUM: ` 872.72 (AUM: II (AUM: (AUM: ` 232.98 Fund (AUM: (AUM: ` 290.72
2020 ` 248.12 ` 252.07 Lakhs) ` 4,831.24 ` 47.47 ` 889.57 Lakhs) ` 79.41 Lakhs) Lakhs)
Lakhs) Lakhs) Lakhs) Lakhs) Lakhs)
1 month 1.1 1.1 1.1 0.9 3.1 0.3 0.5 0.5 0.2
3 months 3.2 3.9 4.0 3.4 9.9 2.9 2.9 1.8 0.6
6 months 3.2 3.3 4.0 3.9 16.8 3.1 2.9 2.2 1.6
1 year -13.0 -5.8 -6.0 -7.4 11.6 11.2 9.6 6.6 4.0
2 years -1.4 2.2 2.6 1.8 11.3 11.5 10.3 7.0 5.3
3 years -0.6 2.2 2.6 1.7 7.7 9.8 9.5 6.6 5.7
4 years 3.8 4.9 5.3 5.0 10.5 8.2 7.7 6.2 5.8
5 years 4.8 6.0 6.4 6.0 10.1 9.3 9.2 6.7 6.2
6 years 4.9 4.9 5.2 6.0 9.3 8.9 8.8 6.8 6.5
7 years 7.6 6.9 7.2 8.3 11.9 9.8 10.0 7.3 6.8
10 years 6.5 5.2 5.8 7.3 9.4 9.2 8.9 7.8 7.4
Inception 8.6 5.8 6.2 10.7 9.8 8.8 7.9 7.3 7.1
KOTAK GROUP PLANS

Returns As Kotak Group Kotak Group Kotak Group Bond Kotak Group Kotak Group Kotak Group Money Kotak Group Kotak Group
On 31st Dynamic Floor Balanced Fund Fund (AUM: Gilt Fund (AUM: Floating Rate Market Fund Secure Capital Prudent Fund
December Fund (AUM: (AUM: ` 1,28,578.78 ` 2,14,378.14 ` 12,883.25 Fund (AUM: (AUM: ` 2.70 Fund (AUM: (AUM: `
2020 ` 408.54 Lakhs) Lakhs) Lakhs) Lakhs) ` 13,492.77 Lakhs) Lakhs) ` 67,417.09 Lakhs) 6,544.37 Lakhs)
1 month 0.8 3.8 0.6 0.6 0.5 -0.1 0.6 1.7

3 months 2.9 13.3 3.3 3.1 1.8 10.8 3.2 6.4
6 months 3.1 19.5 3.6 3.0 2.6 11.3 3.6 8.0
1 year -3.1 14.1 12.5 11.6 6.7 27.8 12.4 12.3
2 years 3.9 13.4 12.4 11.4 7.3 13.8 12.1 12.3
3 years 3.8 9.4 10.5 10.3 7.0 10.8 10.3 n.a
4 years 5.6 11.8 8.9 8.4 6.6 9.3 8.7 n.a
5 years 6.6 11.3 10.0 9.8 7.1 8.3 9.7 n.a
6 years 5.5 10.3 9.5 9.3 7.2 8.2 9.3 n.a
7 years 7.5 12.9 10.5 10.5 7.8 8.3 10.2 n.a
10 years 6.1 10.2 9.8 9.3 8.3 n.a n.a n.a
Inception 6.4 13.1 9.3 8.2 7.7 8.4 9.6 34.6
KOTAK FIXED MATURITY PLANS KOTAK PRIVILEDEGE ASSURANCE PLANS

Returns As
Kotak Group Short Term Bond Returns As Kotak Advantage Multiplier Fund II
On 31st
Fund (AUM: ` 9,517.49 Lakhs) On 31st December (AUM: ` 0.44 Lakhs)
December
2020 2020
1 month 0.4 1 month -0.1

3 months 2.1 3 months 0.3
6 months 2.9 6 months 0.1
1 year 8.2 1 year 2.9
2 years 8.5 2 years 4.1
6 years n.a 6 years 3.7
Inception 7.5 Inception 4.7
Returns less than or equal to a year are absolute. Returns greater than a year are compounded annualised.
NO. OF FUNDS MANAGED BY FUND MANAGER

Sr No. Fund Manager Equity Debt Balanced
1 Hemant Kanawala 2 NA NA
2 Rohit Agarwal 5 NA 19
3 Gajendra Manavalan NA 15 26
Mr. Hemant Kanawala – Head Equities

Mr. Kanawala has over 24 years of experience in capital markets, of which 19 years has been with Kotak
Group. While in Kotak he has managed Funds in PMS, Offshore and Life Insurance
Mr. Kanawala has done PGDBM, IIM Lucknow (1995) and BE, Mumbai University (1993)
Mr. Rohit Agarwal– Equity Fund Manager

Mr. Rohit Agarwal has over 15 years of experience in capital markets, looks at the Unit Linked Equity funds
at Kotak Life Insurance . Before joining Kotak in 2011, Mr. Agarwal was associated with JP Morgan for about
6 years. Rohit is a Bachelor of Commerce (2001) and has done PGDBM, Symbiosis Pune (2005).
Mr. Gajendra Manavalan – Debt Fund Manager

Mr. Gajendra has overall experience of over 16 years and has been associated with the Kotak Group since
July 2012. His key responsibilities include management of fixed income portfolios in Unit Linked portfolios.
Gajendra is a Bachelor of Engineering (2001) from Bangalore University and has done MBA (Finance), ICFAI
Business School (2004).
PRODUCT - FUND MATRIX*
Kotak Single
Kotak Wealth Kotak Ace Kotak Headstart Kotak Kotak Invest
Invest
Insurance Investment Child Assure Platinum Maxima
Advantage
Classic Opportunities Fund ü ü ü ü ü ü
Frontline Equity Fund ü ü ü ü ü ü
Balanced Fund ü ü r ü ü ü
Dynamic Bond Fund ü ü ü ü ü ü

Funds
Dynamic Floating Rate Fund ü ü r ü ü r
Money Market Fund ü ü ü ü ü ü
Dynamic Gilt Fund ü ü ü ü ü r
Discontinued Policy Fund ü ü ü ü ü ü
*currently active plans
INDIVIDUAL FUNDS
CLASSIC OPPORTUNITIES FRONTLINE EQUITY DYNAMIC FLOOR BALANCED

FUND FUND FUND II FUND
KOTAK OPPORTUNITIES KOTAK AGGRESSIVE GUARANTEE MONEY MARKET

FUND GROWTH FUND FUND FUND
KOTAK DYNAMIC DYNAMIC FLOOR KOTAK DYNAMIC KOTAK DYNAMIC

GROWTH FUND FUND BALANCED FUND BOND FUND
KOTAK DYNAMIC KOTAK DYNAMIC KOTAK GUARANTEED KOTAK GAURANTEED

GILT FUND FLOATING RATE FUND GROWTH FUND BALANCED FUND
PENSION CLASSIC KOTAK PENSION PENSION FRONTLINE PENSION GUARANTEE

OPPORTUNITIES FUND OPPORTUNITIES FUND EQUITY FUND FUND
KOTAK PENSION KOTAK PENSION PENSION FLOOR KOTAK PENSION

GROWTH FUND FLOOR FUND FUND II BALANCED FUND
PENSION BALANCED KOTAK PENSION KOTAK PENSION KOTAK PENSION

FUND II BOND FUND GILT FUND FLOATING RATE FUND
PENSION MONEY KOTAK ADVANTAGE DISCONTINUED

MARKET FUND II MULTIPLIER FUND II POLICY FUND
INDIVIDUAL FUND
CLASSIC OPPORTUNITIES FUND
(ULIF-033-16/12/09-CLAOPPFND-107)
Investment Objective
Aims to maximize opportunity for you through long-term capital growth, by holding a significant portion in a diversified and flexible mix of large /
medium sized company equities
Date of Inception Portfolio Debt Ratings Profile (%)

16 December 2009
th Holdings % to Fund
Equity 96.52
Infosys Ltd 7.02
AUM (in Lakhs) Reliance Industries Ltd 6.62
AAA
6,42,725.80 HDFC Bank Ltd 5.83
ICICI Bank Ltd 5.01
SBI ETF Nifty Bank 4.54
NAV
Kotak Banking ETF - Dividend Payout Option 3.72 100.00
34.9270 Tata Consultancy Services Ltd 3.56
Hindustan Unilever Ltd 2.88
Larsen And Toubro Ltd 2.52
Fund Manager
Bharti Airtel Ltd 2.23
Equity : Hemant Kanawala AUM (in Lakhs)
UltraTech Cement Ltd 1.89
Debt : Gajendra Manavalan
Axis Bank Ltd 1.82
620,381
Maruti Suzuki India Ltd 1.82
Benchmark Details Housing Development Finance Corp. Ltd 1.71
Mahindra & Mahindra Ltd 1.65
Equity - 100% (BSE 200)
I T C Ltd 1.64
Bajaj Finance Ltd 1.57 21,027 1,318
ICICI Prudential Bank ETF Nifty Bank Index 1.53
Modified Duration
S R F Ltd 1.46 Equity Debt NCA
Debt & Money
Market Instruments : 0.01 Dr Reddys Laboratories Ltd 1.38
Others 36.11
Corporate Debt 0.05
Asset Allocation 4.25% HDFC Bank FD NSE - 09.08.2021 0.05 Sector Allocation as per
MMI 3.22 NIC 2008 % to Fund**
Approved (%) Actual (%)
NCA 0.21
Equity 75 - 100 97
Financial and insurance
34.91
Gsec / activities
00 - 25 0
Debt
Computer programming,
MMI / consultancy and related 12.67
00 - 25 3
Others activities
Mfg of coke and refined

7.81
petroleum products
Performance Meter
Classic Mfg of chemicals and
Benchmark 6.95
Opportunities chemical products
(%)
Fund (%)
Mfg of pharmaceuticals,
1 month 6.2 7.8 medicinal chemical & 5.29
botanical products
3 months 20.8 23.5
Mfg of other non-metallic
4.61
6 months 33.0 35.6 mineral products
1 year 14.2 16.3 Mfg of motor vehicles,

4.42
trailers and semi-trailers
2 years 13.8 12.7
3 years 6.9 8.1 Civil engineering 3.10
4 years 13.3 13.9

Mfg of food products 2.61
5 years 11.9 11.8
6 years 10.5 9.5

Telecommunications 2.23
7 years 14.7 12.9
10 years 10.7 8.9 Others 15.40
Inception 12.0 9.7
Past performance is not necessarily **NIC 2008 - Industrial sector as defined under National
indicative of future performance Industrial Classification 2008.
INDIVIDUAL FUND
FRONTLINE EQUITY FUND
(ULIF-034-17/12/09-FRLEQUFND-107)
Aims for a high level of capital growth for you, by holding a significant portion in large sized company equities

17 December 2009
Equity 98.20
Infosys Ltd 7.87
AAA
94,131.38 ICICI Bank Ltd 6.31
HDFC Bank Ltd 5.75
Tata Consultancy Services Ltd 4.40
NAV
SBI ETF Nifty Bank 4.33 100.00
32.5657 Kotak Banking ETF - Dividend Payout Option 3.43
Housing Development Finance Corp. Ltd 3.00
Fund Manager
Equity : Rohit Agarwal AUM (in Lakhs)
92,435
Benchmark Details Axis Bank Ltd 2.18
Dr Reddys Laboratories Ltd 1.91
Equity - 100% (BSE 100)
S R F Ltd 1.61
Bajaj Finance Ltd 1.60
2,058 NCA
Modified Duration
Shree Cement Ltd 1.39 Equity Debt -361
Debt & Money
Market Instruments : 0.02 UltraTech Cement Ltd 1.39
Others 31.38
Corporate Debt 0.05
NCA -0.38
Equity 60 - 100 98
35.52
Gsec / activities
00 - 40 0
Debt
00 - 40 2
Others activities
Mfg of chemicals and

9.33
chemical products
Performance Meter
Frontline 8.62
Benchmark petroleum products
Equity Fund
(%)
(%)
Mfg of motor vehicles,
1 month 6.6 8.0 5.56
3 months 22.5 23.8

4.89
mineral products
6 months 35.7 35.4
1 year 16.5 15.2
medicinal chemical & 4.40
botanical products
2 years 14.4 12.4
3 years 8.4 8.5 Telecommunications 3.28
4 years 13.9 13.9

Civil engineering 2.51
5 years 12.3 11.7
6 years 10.9 9.1

Mfg of basic metals 1.95
7 years 14.5 12.1
10 years 10.5 8.7 Others 8.99
Inception 11.3 9.4
INDIVIDUAL FUND
DYNAMIC FLOOR FUND II
(ULIF-035-17/12/09-DYFLRFND2-107)
Aims to provide you with stable long-term inflation beating growth over medium to long-term and defend your capital against short-term capital
shocks.

17 December 2009
Equity 14.90 0.03
Reliance Industries Ltd 1.13 Sovereign

AUM (in Lakhs) ICICI Bank Ltd 1.04
38.69 AAA
41,295.58 Infosys Ltd 1.01
HDFC Bank Ltd 0.82
SBI ETF Nifty Bank 0.59 AA-
NAV 61.28
19.5685 Bharti Airtel Ltd 0.54
Fund Manager
Kotak Banking ETF - Dividend Payout Option 0.45
Axis Bank Ltd 0.36 34,618
Benchmark Details Dr Reddys Laboratories Ltd 0.32
Equity - 37.5% (Nifty); Mahindra & Mahindra Ltd 0.30
Debt - 62.5% (Crisil Composite Bond) P I Industries Ltd 0.26
Bajaj Finance Ltd 0.25 6,152
S R F Ltd 0.23 526
Modified Duration
UltraTech Cement Ltd 0.21 Equity Debt NCA
Debt & Money
Market Instruments : 4.80 ICICI Lombard General Insurance Company Ltd 0.20
Others 4.86
G-Sec 36.96
Asset Allocation 6.67% GOI - 17.12.2050 7.63 Sector Allocation as per
5.15% GOI - 09.11.2025 6.02 NIC 2008 % to Fund**
7.16% GOI - 20.09.2050 5.64
Equity 00 - 75 15 6.22% GOI - 16.03.2035 2.32
Gsec / 8.54% REC - 15.11.2028 2.30 Govt. of India 46.88

00 - 100 63
Debt 1.44% INFLATION INDEX GS 2023 2.05
6.42% NABARD - 25.11.2030 1.06
MMI / Financial and insurance
00 - 40 22 7.69% GOI - 17.06.2043 1.00 32.74
Others activities
7.65% RJ SDL - 29.11.2027 0.60
7.43% NABARD - 31.01.2030 0.57
State Development Loan 4.49
Others 7.78
Performance Meter
Corporate Debt 26.36
Dynamic Floor Electricity, gas, steam and
Benchmark 7.35% Bajaj Finance Ltd - 10.11.2022 2.56
Fund II 3.69
(%) 8.56% REC - 29.11.2028 2.11 air conditioning supply
(%)
8.55% HDFC - 27.03.2029 1.37
1 month 1.2 3.1 Mfg of coke and refined
7.85% PFC - 03.04.2028 1.35 1.96
petroleum products
3 months 4.1 10.5 8.5383% Bajaj Finance Ltd - 07.06.2022 1.09
7.25% HDFC - 17.06.2030 1.00 Computer programming,
6 months 4.5 15.1 consultancy and related 1.95
7.09% HDB Financial services Ltd - 17.04.2023 0.71
9.39% LIC Housing Finance - 23.08.2024 - activities
1 year -5.0 14.5 0.71
P - 26.08.15
2 years 3.0 13.0 5.10% Sundaram Finance - 01.12.2023 0.61 1.45
chemical products
6.39% IOC - 06.03.2025 0.56
3 years 2.8 10.3
Others 14.31 Mfg of motor vehicles,
0.87
4 years 5.5 11.0 MMI 20.51 trailers and semi-trailers
NCA 1.27
5 years 6.4 10.7 Mfg of pharmaceuticals,
6 years 5.3 9.5 botanical products
7 years 7.3 11.1 Mfg of other non-metallic

0.66
mineral products
10 years 5.8 9.2
Inception 6.3 9.3 Others 4.45
INDIVIDUAL FUND
BALANCED FUND
(ULIF-037-21/12/09-BALKFND-107)
Aims for moderate growth for you by holding a diversified mix of equities and fixed interest instruments.

21 December 2009
0.63
Equity 57.98 Sovereign
Infosys Ltd 4.58
AAA
22,297.66 SBI ETF Nifty Bank 3.49 42.10
ICICI Bank Ltd 3.41
HDFC Bank Ltd 2.86 A1+
NAV 57.27
Fund Manager
Larsen And Toubro Ltd 1.40 12,929
Benchmark Details Mahindra & Mahindra Ltd 1.28 9,230
Equity - 60% (BSE 100); S R F Ltd 1.16
Debt - 40% (Crisil Composite Bond) Dr Reddys Laboratories Ltd 1.14
Axis Bank Ltd 1.05
HCL Technologies Ltd 1.03
Modified Duration 139
P I Industries Ltd 0.91
Debt & Money Equity Debt NCA
Market Instruments : 5.90 Pidilite Industries Ltd 0.83
Others 18.68
G-Sec 28.18
6.67% GOI - 17.12.2050 4.71 NIC 2008 % to Fund**
7.16% GOI - 20.09.2050 3.50
Equity 30 - 60 58 6.42% NABARD - 25.11.2030 2.98
6.79% GOI - 15.05.2027 2.12 34.54
Gsec / activities
20 - 70 37
Debt 6.22% GOI - 16.03.2035 1.20
8.15% GOI FCI Bonds - 16.10.22 1.19
MMI / Govt. of India 22.12
00 - 40 5 8.54% REC - 15.11.2028 0.82
Others
1.44% INFLATION INDEX GS 2023 0.49
8.97% GOI - 05.12.2030 0.47 consultancy and related 8.70
Others 3.11 activities
Performance Meter
Corporate Debt 9.21
Balanced Mfg of chemicals and
Benchmark 7.35% Bajaj Finance Ltd - 10.11.2022 1.22 6.74
Fund chemical products
(%) 8.56% REC - 29.11.2028 0.72
(%)
7.09% HDB Financial services Ltd - 17.04.2023 0.61 Mfg of coke and refined
1 month 4.0 4.9 5.20
7.85% PFC - 03.04.2028 0.49 petroleum products
3 months 13.0 15.0 7.34% PGC - 15.07.2034 0.49

5.10% Sundaram Finance - 01.12.2023 0.41 Mfg of motor vehicles,
2.95
6 months 18.8 22.1 trailers and semi-trailers
6.39% IOC - 06.03.2025 0.37
1 year 11.7 15.3 7.10% Bajaj Finance Ltd - 10.02.2023 0.28

8.5383% Bajaj Finance Ltd - 07.06.2022 0.28 2.93
mineral products
2 years 11.8 12.8 10.08% IOT Utkal Energy Services Limited -
0.24
20.03.2025 Mfg of pharmaceuticals,
3 years 8.1 9.5 medicinal chemical & 2.71
Others 4.11
botanical products
4 years 10.7 12.1 MMI 4.00
NCA 0.62
5 years 10.3 11.2
6 years 9.4 9.5

7 years 12.0 11.6
10 years 9.4 9.2 Others 10.72
Inception 10.0 9.5
INDIVIDUAL FUND
KOTAK OPPORTUNITIES FUND
(ULIF-029-02/10/08-OPPFND-107)
Aims to maximize opportunity for long term capital growth, by holding a significant portion in a diversified and flexible mix of large/medium sized
company equities.

02 October 2008
nd Holdings % to Fund
Equity 96.90
Infosys Ltd 7.03
AAA
82,767.77 HDFC Bank Ltd 5.85
ICICI Bank Ltd 5.02
NAV 100.00
Fund Manager
Equity : Hemant Kanawala AUM (in Lakhs)
Axis Bank Ltd 1.83
80,200
Benchmark Details Housing Development Finance Corp. Ltd 1.72
I T C Ltd 1.65
Equity - 100% (BSE 200)
S R F Ltd 1.46
Market Instruments : 0.01 Dr Reddys Laboratories Ltd 1.40
Others 36.33
Corporate Debt 0.05
NCA 0.24
Equity 75 - 100 97
Gsec / 34.68
00 - 25 0 activities
Debt
00 - 25 3
Others activities

7.87
petroleum products
Performance Meter
Opportunities Benchmark Mfg of chemicals and
6.96
Fund (%) (%) chemical products
1 month 6.2 7.8 Mfg of pharmaceuticals,

3 months 20.8 23.5 botanical products
6 months 32.8 35.6 Mfg of other non-metallic

4.66
mineral products
1 year 13.8 16.3
2 years 13.2 12.7 4.42
3 years 6.1 8.1

4 years 12.6 13.9
5 years 11.2 11.8

6 years 9.8 9.5
10 years 10.0 8.9
Past performance is not necessarily

indicative of future performance **NIC 2008 - Industrial sector as defined under National
Industrial Classification 2008.
INDIVIDUAL FUND
KOTAK AGGRESSIVE GROWTH FUND
(ULIF-018-13/09/04-AGRGWTFND-107)
Aims for a high level of capital growth by holding a significant portion in large sized company equities.

13 September 2004
Equity 96.65
Infosys Ltd 7.88
AUM (in Lakhs) Reliance Industries Ltd 6.77 AAA
26,997.46 ICICI Bank Ltd 6.25
HDFC Bank Ltd 5.76
NAV 100.00
Fund Manager
Maruti Suzuki India Ltd 2.49 26,092
Benchmark Details S R F Ltd 2.09
Equity - 100% (BSE 100)
Axis Bank Ltd 1.88
Shree Cement Ltd 1.59 734 171
Modified Duration
I T C Ltd 1.55
Market Instruments : 0.01 Bharat Petroleum Corporation Ltd 1.54
Others 26.65
Corporate Debt 0.05
NCA 0.63
Equity 60 - 100 97
Gsec / 36.85
Debt
00 - 40 3
Others activities

10.50
chemical products
Performance Meter
Aggressive Mfg of coke and refined
Benchmark 9.17
Growth Fund petroleum products
(%)
(%)
1 month 6.4 8.0 5.58
3 months 22.1 23.8

3.94
6 months 33.5 35.4 mineral products
1 year 15.3 15.2
botanical products
2 years 12.9 12.4
4 years 13.2 13.9

5 years 11.5 11.7
6 years 10.1 9.1

Mfg of basic metals 2.09
7 years 13.9 12.1
10 years 9.9 8.7 Others 7.33
Inception 15.2 13.0
INDIVIDUAL FUND
GUARANTEE FUND
(ULIF-048-05/02/10-GRTFND-107)
Aims to provide stable, long-term inflation beating growth over medium to long-term and defend capital against short-term capital shocks

05 February 2010
Equity 58.04
Reliance Industries Ltd 5.33
AUM (in Lakhs) 29.45 AAA
HDFC Bank Ltd 4.25
854.94 Infosys Ltd 3.92 Sovereign
NAV 70.55
22.2949 ICICI Bank Ltd 2.51
I T C Ltd 2.50
Fund Manager
Asian Paints Ltd 1.62
496
Benchmark Details Sun Pharmaceuticals Ltd 1.11
354
Equity - 37.5% (Nifty); Dr Reddys Laboratories Ltd 1.10
Debt - 62.5% (Crisil Composite Bond) UltraTech Cement Ltd 1.06
Axis Bank Ltd 1.05
Nestle (India) Ltd 1.03
Modified Duration 5
Market Instruments : 2.78 HCL Technologies Ltd 0.88
Others 15.07
G-Sec 13.40
Asset Allocation 1.44% INFLATION INDEX GS 2023 4.51 Sector Allocation as per
7.10% PFC - 11.01.2027 1.23 NIC 2008 % to Fund**
9.72% PN SDL - 28.08.2023 0.54
Equity 00 - 75 58 8.20% GOI - 15.02.22 0.49 Financial and insurance
40.03
Gsec / 8.90% KA SDL - 19.12.2022 0.45 activities
00 - 100 37
Debt 8.30% Fertilizer Co GOI - 07.12.23 0.41
8.58% GJ SDL - 23.01.2023 0.20
00 - 100 5 8.72% TN SDL -19.09.2026 0.20 activities
Others
8.84% PN SDL - 11.06.2024 0.19
7.04% GJ SDL - 07.08.2026 0.18 Govt. of India 7.09
Others 4.99
Performance Meter
Guarantee Mfg of coke and refined
Benchmark 7.85% PFC - 03.04.2028 3.82 5.89
Fund petroleum products
(%) 8.35% Sundaram Finance - 31.05.2021 3.57
(%)
7.63% PFC - 14.08.2026 2.50 Mfg of chemicals and
1 month 4.4 3.1 5.17
9.30% PGC - 28.06.2024 1.68 chemical products
3 months 11.4 10.5 9.30% PGC - 28.06.2022 1.57
9.39% LIC Housing Finance - 23.08.2024 -
1.31 State Development Loan 5.09
6 months 14.3 15.1 P - 26.08.15
9.24% LIC Housing Finance - 30.09.2024 1.30
1 year 7.4 14.5
8.57% REC - 21.12.2024 1.30 Electricity, gas, steam and
4.79
2 years 7.4 13.0 7.95% REC - 12.03.2027 1.28 air conditioning supply
9.25% LIC Housing Finance - 12.11.2022 1.26
Others 3.70 medicinal chemical & 3.78
4 years 8.4 11.0 MMI 4.68 botanical products
NCA 0.59
5 years 8.2 10.7 Mfg of motor vehicles,
3.38
6 years 6.7 9.5
7 years 8.5 11.1 Mfg of tobacco products 2.50
10 years 6.8 9.2

Others 13.93
Inception 7.6 9.7
INDIVIDUAL FUND
MONEY MARKET FUND
(ULIF-041-05/01/10-MNMKKFND-107)
Aims to protect your capital and not have downside risks

05 January 2010
MMI 100.00 4.27
Sovereign
NCA 0.00
AUM (in Lakhs)
39.92
52,218.20 A1+
NAV 55.81 AAA

21.3845
Fund Manager
AUM (in Lakhs)
52,218
Benchmark Details
Equity - 0% (NA);
Debt - 100% (CRISIL Liquid)
NCA
Modified Duration
Debt -0
Debt & Money
Market Instruments : 0.26
Asset Allocation Sector Allocation as per

NIC 2008 % to Fund**
MMI /
100 100
Others
Govt. of India 55.81

Performance Meter
Money
Benchmark
Market Fund
(%)
(%)
1 month 0.4 0.3
3 months 1.0 0.9

30.98
6 months 2.1 1.9 activities
1 year 4.7 4.6
2 years 5.7 5.7
3 years 6.0 6.3
4 years 6.0 6.4 Mfg of coke and refined

7.63
petroleum products
5 years 6.3 6.6
6 years 6.7 6.9
7 years 7.0 7.2
10 years 7.5 7.6

Electricity, gas, steam and
5.59
Inception 7.2 7.4 air conditioning supply

indicative of future performance
**NIC 2008 - Industrial sector as defined under National

INDIVIDUAL FUND
KOTAK DYNAMIC GROWTH FUND
(ULIF-012-27/06/03-DYGWTFND-107)

27 June 2003
Equity 76.21
40.86
Infosys Ltd 6.25
AUM (in Lakhs) Sovereign
6,136.10 SBI ETF Nifty Bank 4.91 AAA
ICICI Bank Ltd 4.84
HDFC Bank Ltd 3.88
NAV 59.14
Fund Manager
Housing Development Finance Corp. Ltd 2.16 AUM (in Lakhs)
Equity : Rohit Agarwal
4,677
S R F Ltd 1.82
Benchmark Details Mahindra & Mahindra Ltd 1.67
Equity - 80% (BSE 100); HCL Technologies Ltd 1.56
Debt - 20% (Crisil Composite Bond) 1,388
Axis Bank Ltd 1.40
72
Modified Duration P I Industries Ltd 1.28
Bajaj Finance Ltd 1.25 Equity Debt NCA
Debt & Money
Market Instruments : 5.28 Coromandel International Ltd 1.20
Others 22.88
G-Sec 14.11
Asset Allocation 7.16% GOI - 20.09.2050 1.99
Sector Allocation as per
Approved (%) Actual (%) 6.22% GOI - 16.03.2035 1.77
5.22% GOI - 15.06.2025 1.16
Equity 40 - 80 76
8.17% GOI - 01.12.2044 1.06 Financial and insurance
34.68
Gsec / 6.79% GOI - 15.05.2027 0.94 activities
20 - 60 22
8.30% GOI - 02.07.2040 0.78 Govt. of India 12.20
MMI /
00 - 40 2 8.70% REC - 28.09.2028 0.75
Others
7.72% GOI - 26.10.2055 0.73 Computer programming,
8.15% GOI FCI Bonds - 16.10.22 0.66 consultancy and related 11.32
activities
Performance Meter Others 3.42
Kotak Corporate Debt 7.94 Mfg of chemicals and
9.20
Dynamic Benchmark 7.20% HDFC - 13.04.2023 6.28 chemical products
Growth (%)
8.56% REC - 29.11.2028 0.56
Fund (%)
8.65% PFC - 28.12.2024 0.54 Mfg of coke and refined
6.58
1 month 5.2 6.5 petroleum products
9.02% REC - 19.11.2022 0.35
3 months 17.0 19.3 9.75% REC - 11.11.2021. 0.17

4.25% HDFC Bank FD NSE - 09.08.2021 0.04 3.95
mineral products
6 months 25.6 28.6 MMI 0.57
NCA 1.17 Mfg of motor vehicles,
1 year 12.6 15.5 3.70
3 years 7.8 9.1
botanical products
4 years 11.9 13.1
5 years 10.9 11.5
6 years 9.8 9.4 Civil engineering 2.10
7 years 12.9 11.9

Others 10.57
10 years 9.7 9.1
Inception 13.8 13.0
INDIVIDUAL FUND
DYNAMIC FLOOR FUND
(ULIF-028-14/11/06-DYFLRFND-107)
Aims to provide you with stable long-term inflation beating growth over medium to long-term and defend your capital against short-term capital
shocks.

14 November 2006
0.44
Equity 14.62 0.02 Sovereign
AUM (in Lakhs) ICICI Bank Ltd 1.03 AAA
33.76
65,822.12 Infosys Ltd 0.98
A1+
HDFC Bank Ltd 0.81
SBI ETF Nifty Bank 0.58 AA-
NAV
30.3388 65.78
Fund Manager
Benchmark Details Dr Reddys Laboratories Ltd 0.32
Equity - 37.5% (Nifty); Mahindra & Mahindra Ltd 0.30
Debt - 62.5% (Crisil Composite Bond) P I Industries Ltd 0.25
9,623
916
S R F Ltd 0.22
Modified Duration
UltraTech Cement Ltd 0.21 Equity Debt NCA
Debt & Money
Market Instruments : 5.00 ICICI Lombard General Insurance Company Ltd 0.20
Others 4.76
G-Sec 40.38
5.15% GOI - 09.11.2025 9.62
7.16% GOI - 20.09.2050 5.49
Equity 00 - 75 15
6.22% GOI - 16.03.2035 2.69
8.54% REC - 15.11.2028 2.07 Govt. of India 51.66
Gsec /
00 - 100 63
Debt 1.44% INFLATION INDEX GS 2023 1.21
6.42% NABARD - 25.11.2030 1.02 Financial and insurance
MMI / 29.02
00 - 40 23 7.69% GOI - 17.06.2043 0.70 activities
Others
7.43% NABARD - 31.01.2030 0.32
8.65% NABARD - 08.06.2028 0.31 State Development Loan 3.59
Dynamic Electricity, gas, steam and
Benchmark 3.39
Floor 8.56% REC - 29.11.2028 1.90 air conditioning supply
(%)
Fund (%) 8.55% HDFC - 27.03.2029 1.81
1 month 1.2 3.1 7.85% PFC - 03.04.2028 1.37
consultancy and related 1.91
7.35% Bajaj Finance Ltd - 10.11.2022 0.87 activities
3 months 4.0 10.5 7.09% HDB Financial services Ltd - 17.04.2023 0.75
7.50% Sundaram Finance - 07.11.2022 0.62 1.89
6 months 4.1 15.1 petroleum products
5.10% Sundaram Finance - 01.12.2023 0.60
1 year -4.5 14.5 7.83% LIC Housing Finance - 25.09.2026 - Mfg of chemicals and
0.51 1.43
P - 26.11.2020 chemical products
2 years 3.3 13.0 6.39% IOC - 06.03.2025 0.51
3 years 2.9 10.3 8.57% REC - 21.12.2024 0.51 Mfg of motor vehicles,
0.85
Others 13.04 trailers and semi-trailers
4 years 5.4 11.0 MMI 21.13 Mfg of pharmaceuticals,
NCA 1.39 medicinal chemical & 0.85
5 years 6.4 10.7
botanical products
6 years 5.3 9.5 Wholesale trade, except of

motor vehicles and 0.70
7 years 7.2 11.1 motorcycles
10 years 5.6 9.2 Others 4.71
Inception 8.2 9.2

INDIVIDUAL FUND
KOTAK DYNAMIC BALANCED FUND
(ULIF-009-27/06/03-DYBALFND-107)
Aims for moderate growth by holding a diversified mix of equities and fixed interest instruments.

27 June 2003
Equity 51.50
38.53
Infosys Ltd 4.38
AUM (in Lakhs) HDFC Bank Ltd 3.85 Sovereign
1,835.55 ICICI Bank Ltd 3.70 AAA

NAV 61.47
79.7333 Larsen And Toubro Ltd 2.21
Fund Manager
I T C Ltd 1.17 945
856
Benchmark Details UltraTech Cement Ltd 1.14
Equity - 60% (BSE 100); Dr Reddys Laboratories Ltd 1.13
Debt - 40% (Crisil Composite Bond) Maruti Suzuki India Ltd 1.03
Shree Cement Ltd 0.90
Bharat Petroleum Corporation Ltd 0.87
Axis Bank Ltd 0.85
Debt & Money
Hero Honda Motors Ltd 0.85 Equity Debt NCA
Others 13.35
G-Sec 28.66
5.15% GOI - 09.11.2025 3.28 NIC 2008 % to Fund**
8.15% GOI FCI Bonds - 16.10.22 1.45
Equity 30 - 60 51 6.22% GOI - 16.03.2035 0.87
Gsec / 1.44% INFLATION INDEX GS 2023 0.87 30.00
Debt 6.67% GOI - 17.12.2050 0.33
8.30% Fertilizer Co GOI - 07.12.23 0.12
00 - 40 8 9.18% PN SDL - 09.11.2021 0.10
Others
8.72% TN SDL -19.09.2026 0.06
Performance Meter Others 1.53 activities
Dynamic
Benchmark Mfg of chemicals and
Balanced 7.20% HDFC - 13.04.2023 4.54 5.23
(%) chemical products
Fund (%) 8.56% REC - 29.11.2028 1.25
1 month 4.2 4.9 7.85% PFC - 03.04.2028 1.19
petroleum products
3 months 11.8 15.0 8.85% PGC - 19.10.2025 0.77
6 months 16.9 22.1 9.39% LIC Housing Finance - 23.08.2024 -

0.61 Civil engineering 2.51
P - 26.08.15
1 year 9.4 15.3 8.57% REC - 21.12.2024 0.60
9.75% REC - 11.11.2021. 0.57 Mfg of other non-metallic
2.05
2 years 10.8 12.8 10.08% IOT Utkal Energy Services Limited - mineral products
0.38
20.03.2026
3 years 7.4 9.5
10.08% IOT Utkal Energy Services Limited - Mfg of other transport
0.31 1.83
20.03.2025 equipment
4 years 10.2 12.1
Others 0.93
5 years 9.9 11.2 MMI 5.72
NCA 1.86 botanical products
6 years 9.1 9.5
7 years 11.8 11.6 1.72
10 years 9.3 9.2

Others 13.58
Inception 12.6 11.8

INDIVIDUAL FUND
DYNAMIC BOND FUND
(ULIF-015-15/04/04-DYBNDFND-107)
Aims to preserve capital and minimize downside risk, with investment in debt and government instruments.

15 April 2004
G-Sec 59.36 0.68
0.02
5.15% GOI - 09.11.2025 16.35
AUM (in Lakhs) 6.67% GOI - 17.12.2050 12.62 40.76
Sovereign
1,55,064.06 7.16% GOI - 20.09.2050 7.98 AAA
6.79% GOI - 15.05.2027 6.14 A1+

6.22% GOI - 16.03.2035 4.01 AA-
NAV
8.54% REC - 15.11.2028 2.06
58.53
41.0025 6.42% NABARD - 25.11.2030 1.42
7.69% GOI - 17.06.2043 0.76
Fund Manager
7.65% RJ SDL - 29.11.2027 0.61
AUM (in Lakhs)
Debt : Gajendra Manavalan Others 6.30
7.35% Bajaj Finance Ltd - 10.11.2022 2.20 150,849
Benchmark Details 8.55% HDFC - 27.03.2029 1.90
8.56% REC - 29.11.2028 1.75
Debt - 100% (Crisil Composite Bond)
7.85% PFC - 03.04.2028 1.02 4,215
Modified Duration
6.39% IOC - 06.03.2025 0.86
Debt & Money Debt NCA
Market Instruments : 5.80 8.35% Sundaram Finance - 31.05.2021 0.85
GOI FRB - 07.11.2024 0.83
6.99% HDFC - 13.02.2023 0.81
Asset Allocation Others 15.03 Sector Allocation as per
NCA 2.72
Gsec 00 - 75 59
Debt 25 - 100 28 Govt. of India 53.53
MMI /
00 - 40 12
Others
34.34
activities
Performance Meter
Dynamic Bond
Benchmark
Fund
(%)
(%)
1 month 0.6 0.4 Others 2.72
3 months 3.2 2.9
6 months 3.4 4.0 Electricity, gas, steam and

2.70
air conditioning supply
1 year 11.8 12.3

4 years 8.3 8.4

1.20
5 years 9.4 9.3 petroleum products
6 years 9.0 9.2
7 years 9.9 9.9 Mfg of basic metals 0.02
10 years 9.3 8.9
Inception 8.8 7.2

INDIVIDUAL FUND
KOTAK DYNAMIC GILT FUND
(ULIF-006-27/06/03-DYGLTFND-107)
Aims to preserve your capital and minimize your downside risk, with investment in debt and government instruments.

27th June 2003 Holdings % to Fund
5.96
G-Sec 91.80
5.15% GOI - 09.11.2025 17.09
Sovereign
AUM (in Lakhs) 6.67% GOI - 17.12.2050 14.08
18,751.16 6.79% GOI - 15.05.2027 9.76 AAA
7.16% GOI - 20.09.2050 6.64
6.22% GOI - 16.03.2035 4.30
NAV
7.69% GOI - 17.06.2043 4.09
94.04
37.8106 6.18% GOI - 04.11.2024 3.93
7.32% GOI - 28.01.2024 3.39
8.15% RJ SPL SDL - 23.06.2021 2.72
Fund Manager
8.15% GOI - 24.11.2026 2.58
AUM (in Lakhs)
MMI 5.81
NCA 2.39 18,303
Benchmark Details
Debt - 100% (IBEX)
449
Modified Duration
Debt NCA
Debt & Money

Gsec 80 - 100 92
MMI /
00 - 40 8
Others
Performance Meter
Dynamic Gilt
Benchmark
Fund
(%)
(%)
1 month 0.6 0.5 State Development Loan 17.91
3 months 3.2 2.8
6 months 3.0 3.5
1 year 11.3 11.9
2 years 11.2 11.2 Financial and insurance

5.81
activities
3 years 10.1 10.3
4 years 8.2 8.6
5 years 9.6 9.6
6 years 9.1 9.4

Others 2.39
7 years 10.3 10.2
10 years 9.1 9.3
Inception 7.9 8.0

INDIVIDUAL FUND
KOTAK DYNAMIC FLOATING RATE FUND
(ULIF-020-07/12/04-DYFLTRFND-107)

07 December 2004
G-Sec 52.02
20.35
9.37% MAH SDL - 04.12.2023 14.40
AUM (in Lakhs) 6.22% GOI - 16.03.2035 9.21
Sovereign
1,838.60 7.20% MH SDL -09.08.2027 4.00 AAA
8.84% PN SDL - 11.06.2024 3.11

8.51% PN SDL - 10.04.2023 2.66 79.65
NAV
9.65% TN SDL - 12.03.2024 2.25
31.0080 8.92% RJ SDL - 21.11.2022 2.24
8.39% RJ SPL SDL - 15.03.2022 2.23
8.85% TN SDL - 17.10.2022 2.12
Fund Manager
AUM (in Lakhs)
GOI FRB - 07.11.2024 26.90 1,822
Benchmark Details HDB Financial services Ltd FBIL MIBOR 3M -
5.48
20.10.2022
Debt - 100% (CRISIL Liquid) MMI 14.69
NCA 0.92

Gsec 00 - 75 52
Debt 25 - 100 32
MMI /
00 - 40 16 Govt. of India 41.84
Others
Performance Meter
Dynamic
Benchmark
Floating Rate
(%)
Fund (%)
1 month 0.4 0.3
3 months 1.7 0.9
6 months 2.2 1.9
1 year 6.3 4.6
2 years 6.9 5.7 Financial and insurance

20.16
activities
3 years 6.5 6.3
4 years 6.1 6.4
5 years 6.6 6.6
6 years 6.7 6.9

Others 0.92
7 years 7.3 7.2
10 years 7.8 7.6
Inception 7.3 7.0

INDIVIDUAL FUND
KOTAK GUARANTEED GROWTH FUND
(ULIF-013-27/06/03-GRTGWTFND-107)

27 June 2003
Equity 14.17 0.05
Reliance Industries Ltd 1.12 Sovereign

AUM (in Lakhs) Infosys Ltd 1.00
26.20
48,567.10 ICICI Bank Ltd 0.94 AAA
HDFC Bank Ltd 0.81
AA-
NAV
Tata Consultancy Services Ltd 0.55 73.74
64.0963 Bharti Airtel Ltd 0.54
Fund Manager
41,224
Equity - 40% (BSE 100); Mahindra & Mahindra Ltd 0.30
Debt - 60% (Crisil Composite Bond) P I Industries Ltd 0.26
462
S R F Ltd 0.23
Modified Duration Equity Debt NCA
Debt & Money
Market Instruments : 4.01 Shree Cement Ltd 0.19
Others 4.74
G-Sec 37.38
6.79% GOI - 15.05.2027 5.12 NIC 2008 % to Fund**
5.15% GOI - 09.11.2025 4.81
Equity 00 - 80 14 6.67% GOI - 17.12.2050 4.13
1.44% INFLATION INDEX GS 2023 2.35 Govt. of India 59.33
Gsec /
20 - 60 55
Debt 6.18% GOI - 04.11.2024 2.33
22.42
MMI / activities
00 - 40 31 8.54% REC - 15.11.2028 1.65
Others
7.88% GOI - 19.03.2030 1.12
6.42% NABARD - 25.11.2030 0.82 State Development Loan 3.26

Corporate Debt 17.77 Electricity, gas, steam and
Guaranteed 2.47
Benchmark air conditioning supply
Growth Fund 7.35% Bajaj Finance Ltd - 10.11.2022 1.44
(%)
(%)
8.56% REC - 29.11.2028 1.30 Computer programming,
1 month 1.1 3.4 8.55% HDFC - 27.03.2029 1.22
activities
7.85% PFC - 03.04.2028 0.83
3 months 3.6 10.9 Mfg of coke and refined
petroleum products
6 months 3.8 15.8 10.08% IOT Utkal Energy Services Limited -
0.47
20.03.2025 Wholesale trade, except of
1 year -11.9 14.7 5.10% Sundaram Finance - 01.12.2023 0.46 motor vehicles and 1.56
motorcycles
2 years -0.7 12.6 0.42
P - 26.08.15
1.44
7.25% HDFC - 17.06.2030 0.41 chemical products
3 years -0.3 9.7
6.39% IOC - 06.03.2025 0.41
4 years 4.2 11.0 Others 10.31 medicinal chemical & 0.84
MMI 29.73 botanical products
5 years 5.1 10.7
0.73
6 years 5.1 9.5 trailers and semi-trailers
7 years 7.8 11.2

Others 4.22
10 years 6.8 9.2
Inception 11.2 11.3

INDIVIDUAL FUND
KOTAK GUARANTEED BALANCED FUND
(ULIF-010-27/06/03-GRTBALFND-107)

27 June 2003
0.43
Equity 10.49
AAA
38.14
5,155.41 ICICI Bank Ltd 0.69 Sovereign
HDFC Bank Ltd 0.62
SBI ETF Nifty Bank 0.45 A1+
NAV
Fund Manager
4,519
Equity - 30% (BSE 100); Dr Reddys Laboratories Ltd 0.20
Debt - 70% (Crisil Composite Bond) Bajaj Finance Ltd 0.19
S R F Ltd 0.18
541
UltraTech Cement Ltd 0.16 96
Modified Duration
Shree Cement Ltd 0.14 Equity Debt NCA
Debt & Money
Market Instruments : 4.95 Pidilite Industries Ltd 0.14
Others 3.49
G-Sec 40.02
7.16% GOI - 20.09.2050 6.39 NIC 2008 % to Fund**
6.79% GOI - 15.05.2027 4.55
51.16
6.22% GOI - 16.03.2035 2.49 activities
Gsec /
20 - 70 66
Debt 8.54% REC - 15.11.2028 2.22
7.69% GOI - 17.06.2043 1.11 Govt. of India 29.30
MMI /
00 - 40 24 8.24% NABARD - 22.03.2029 1.08
Others
7.43% NABARD - 31.01.2030 1.03 Wholesale trade, except of
motorcycles
Guaranteed Corporate Debt 25.63 State Development Loan 4.12

Benchmark
Balanced 7.25% HDFC - 17.06.2030 2.34
(%)
Fund (%)
8.56% REC - 29.11.2028 1.56
8.55% HDFC - 27.03.2029 1.54 1.66
7.85% PFC - 03.04.2028 1.27
3 months 3.5 8.8 Computer programming,
10.08% IOT Utkal Energy Services Limited -
1.12 consultancy and related 1.49
20.03.2023
6 months 3.9 12.7 activities
1.05
20.03.2024 Mfg of chemicals and
1 year -7.5 14.3 1.02
7.35% Bajaj Finance Ltd - 10.11.2022 1.01 chemical products
2 years 1.9 12.4 7.09% HDB Financial services Ltd - 17.04.2023 1.01
10.08% IOT Utkal Energy Services Limited - 0.88
3 years 1.9 9.8 0.96 air conditioning supply
20.03.2026

0.84 Mfg of motor vehicles,
20.03.2025 0.56
5 years 6.2 10.4 Others 12.91
MMI 22.00 Mfg of pharmaceuticals,
6 years 6.1 9.5 NCA 1.87 medicinal chemical & 0.55
botanical products
7 years 8.4 10.9
Others 4.18
10 years 7.3 9.1
Inception 10.6 10.3

INDIVIDUAL FUND
PENSION CLASSIC OPPORTUNITIES FUND
(ULIF-042-07/01/10-PNCLAOPFND-107)
Aims to maximize opportunity for long term capital growth by holding significant portions in a diversified and flexible mix of large/medium sized
stocks.

07 January 2010
Equity 82.00
AAA
1,903.21 HDFC Bank Ltd 5.82
ICICI Bank Ltd 5.52
NAV 100.00
35.4937 Housing Development Finance Corp. Ltd 4.39
I T C Ltd 3.97
Fund Manager
1,561
Benchmark Details Kotak Banking ETF - Dividend Payout Option 2.36
Equity - 100% (BSE 200)
Axis Bank Ltd 1.73
163 180
Hero Honda Motors Ltd 1.68
Modified Duration
Others 8.87
Corporate Debt 0.16
MMI 8.41
NCA 9.44
Equity 75 - 100 82
39.35
Gsec / activities
00 - 25 0
Debt
Others
7.97
petroleum products
Performance Meter
Pension Mfg of motor vehicles,
Classic Benchmark 4.31
Opportunities (%)
Fund (%)
4.29
1 month 6.3 7.8 chemical products
3 months 20.6 23.5

Mfg of tobacco products 3.97
6 months 31.1 35.6
1 year 12.9 16.3 Civil engineering 3.67
2 years 13.2 12.7

3 years 6.4 8.1 3.03
mineral products

6 years 10.3 9.5

7 years 14.6 12.9
10 years 10.6 8.9 Others 15.94
Inception 12.2 9.3
INDIVIDUAL FUND
KOTAK PENSION OPPORTUNITIES FUND
(ULIF-032-17/07/09-PNOPPFND-107)
Aims to maximize opportunity for long term capital growth by holding significant portions in a diversified and flexible mix of large/medium sized
stocks

17 July 2009
Equity 83.83
AAA
139.17 HDFC Bank Ltd 5.73
ICICI Bank Ltd 4.69
NAV 100.00
Fund Manager
Axis Bank Ltd 2.73
Bharti Airtel Ltd 2.64 117
Benchmark Details Bajaj Finance Ltd 2.51
Equity - 100% (BSE 200)
20
ICICI Prudential Bank ETF Nifty Bank Index 1.58 2
Modified Duration
Titan Industries Ltd 1.52 Equity Debt NCA
Debt & Money
Others 16.18
Corporate Debt 0.08
NCA 1.72
Equity 75 - 100 84
44.78
Gsec / activities
00 - 25 0
Debt
Others
7.93
petroleum products
Performance Meter
Pension Mfg of chemicals and
Benchmark 6.51
Opportunities chemical products
(%)
Fund (%)
1 month 6.1 7.8 Mfg of motor vehicles,

5.27
3 months 19.3 23.5
6 months 31.3 35.6
botanical products
1 year 14.4 16.3
2 years 13.5 12.7

3.05
mineral products
4 years 12.7 13.9
6 years 9.9 9.5

Other manufacturing 1.52
7 years 14.1 12.9
10 years 10.0 8.9

Others 8.64
Inception 11.4 10.7

INDIVIDUAL FUND
PENSION FRONTLINE EQUITY FUND
(ULIF-044-11/01/10-PNFRLEQFND-107)

11 January 2010
Equity 86.52
468.96 ICICI Bank Ltd 5.71 AAA
HDFC Bank Ltd 5.65
NAV
100.00
34.1637 Hindustan Unilever Ltd 3.99
Axis Bank Ltd 3.88
Fund Manager
I T C Ltd 2.95
Hindalco Industries Ltd 2.93
Bajaj Finance Ltd 2.76 406
Benchmark Details Titan Industries Ltd 2.63
Equity - 100% (BSE 100)
Eicher Motors Ltd 2.43
51
Kotak Banking ETF - Dividend Payout Option 2.22 13
Modified Duration
Cipla Ltd 2.15 Equity Debt NCA
Debt & Money
Market Instruments : 0.01 Hero Honda Motors Ltd 2.10
Others 13.48
Corporate Debt 0.12
NCA 2.70
Equity 60 - 100 87
35.75
activities
Gsec /
00 - 40 0
Debt
MMI /
Others
8.98
petroleum products
Performance Meter
Pension Mfg of chemicals and
6.87
Frontline Benchmark chemical products
Equity Fund (%)
(%) Mfg of pharmaceuticals,
1 month 6.5 8.0 botanical products
3 months 21.0 23.8 Mfg of other transport

4.52
equipment
6 months 32.9 35.4
1 year 15.5 15.2 Civil engineering 4.41
2 years 13.9 12.4

3.76

3.59
mineral products
5 years 12.0 11.7
7 years 14.4 12.1

Others 11.99
10 years 10.4 8.7
Inception 11.8 9.1
INDIVIDUAL FUND
PENSION GUARANTEE FUND
(ULIF-038-21/12/09-PNGRTFND-107)
Aims to provide stable, long-term inflation beating growth over medium to long-term and defend capital against short-term capital shocks

21 December 2009
st Holdings % to Fund
Equity 53.14 49.86
Sovereign
AUM (in Lakhs) HDFC Bank Ltd 3.90
1,910.65 Infosys Ltd 3.61 AAA

Hindustan Unilever Ltd 2.49 50.14
NAV
21.7403 ICICI Bank Ltd 2.31
I T C Ltd 2.29
Fund Manager
1,015
902
Benchmark Details Sun Pharmaceuticals Ltd 1.02
Equity - 37.5% (Nifty); Dr Reddys Laboratories Ltd 1.00
Debt - 62.5% (Crisil Composite Bond) UltraTech Cement Ltd 0.97
Axis Bank Ltd 0.96
Nestle (India) Ltd 0.94 NCA
Modified Duration
Bajaj Finance Ltd 0.88 Equity Debt -6
Debt & Money
Others 13.78
G-Sec 25.92
6.22% GOI - 16.03.2035 5.27 NIC 2008 % to Fund**
5.15% GOI - 09.11.2025 2.62
Equity 00 - 75 53 9.72% PN SDL - 28.08.2023 0.74 Financial and insurance
35.20
Gsec / 8.90% KA SDL - 19.12.2022 0.62 activities
00 - 100 42
Debt 8.09% REC - 21.03.2028 0.58
8.06% REC - 27.03.2028 0.58 Govt. of India 16.92
MMI /
00 - 100 5 7.60% PFC - 20.02.2027 0.56
Others
7.10% PFC - 11.01.2027 0.55 Computer programming,
8.30% Fertilizer Co GOI - 07.12.23 0.55 consultancy and related 7.70
activities
Pension Corporate Debt 16.04

Benchmark State Development Loan 6.72
Guarantee 8.57% REC - 21.12.2024 1.16
(%)
Fund (%)
8.83% EXIM- 09.01.2023 1.14
1 month 4.5 3.1 7.70% REC - 10.12.2027 1.13 5.40
petroleum products
3 months 12.4 10.5 1.10
P - 26.11.2020
6.73% IRFC - 06.07.2035 1.04 4.70
6 months 15.6 15.1 chemical products
8.85% PGC - 19.10.2021 0.68
1 year 9.6 14.5 8.95% PFC - 10.10.2028 0.61
8.63% REC - 25.08.2028 0.60 botanical products
2 years 8.5 13.0
9.09% IRFC - 29.03.2026 0.60
3 years 7.1 10.3 9.34% REC - 25.08.2024 0.59 3.09
Others 7.39
4 years 9.0 11.0 MMI 5.23 Electricity, gas, steam and
2.68
NCA -0.33 air conditioning supply
5 years 8.6 10.7
6 years 7.1 9.5

7 years 8.9 11.1
10 years 7.0 9.2 Others 11.85
Inception 7.3 9.4

INDIVIDUAL FUND
KOTAK PENSION GROWTH FUND
(ULIF-030-07/01/09-PNGWTFND-107)

07 January 2009
Equity 8.89
42.97
AUM (in Lakhs) Housing Development Finance Corp. Ltd 0.59 AAA
248.12 Infosys Ltd 0.55

Sovereign
HDFC Bank Ltd 0.46
NAV 57.03
26.8433 I T C Ltd 0.37
Fund Manager
ICICI Bank Ltd 0.30
223
Benchmark Details Asian Paints Ltd 0.22
Equity - 40% (BSE 100); Maruti Suzuki India Ltd 0.22
Debt - 60% (Crisil Composite Bond) Axis Bank Ltd 0.20
Mahindra & Mahindra Ltd 0.17 22
3
Sun Pharmaceuticals Ltd 0.16
Debt & Money
Market Instruments : 2.40 State Bank of India 0.14
Others 2.41
G-Sec 38.65
1.44% INFLATION INDEX GS 2023 7.46 NIC 2008 % to Fund**
48.29
Gsec / 9.39% GJ SDL - 20.11.2023 0.56 activities
20 - 60 54
Debt 8.98% PN SDL - 14.10.2021 0.50
8.13% GOI - 22.06.2045 0.50 Govt. of India 29.60
MMI /
00 - 40 37 8.72% TN SDL -19.09.2026 0.45
Others
9.69% PN SDL - 12.02.2024 0.41
6.65% Fertilizer Co GOI - 29.01.23 0.40 State Development Loan 9.05

Wholesale trade, except of
Pension Corporate Debt 15.03
Benchmark motor vehicles and 6.04
Growth 9.39% LIC Housing Finance - 23.08.2024 - motorcycles
(%) 4.52
Fund (%) P - 26.08.15
8.57% REC - 21.12.2024 4.47
1 month 1.1 3.4 consultancy and related 1.16
10.08% IOT Utkal Energy Services Limited - activities
4.16
3 months 3.2 10.9 20.03.2025
10.08% IOT Utkal Energy Services Limited - Mfg of coke and refined
1.89 0.76
6 months 3.2 15.8 20.03.2027 petroleum products
MMI 36.27
1 year -13.0 14.7 Mfg of chemicals and
NCA 1.15 0.73
chemical products
2 years -1.4 12.6
3 years -0.6 9.7 0.44

7 years 7.6 11.2
10 years 6.5 9.2 Others 3.16
Inception 8.6 11.0

INDIVIDUAL FUND
KOTAK PENSION FLOOR FUND
(ULIF-031-13/07/09-PNFLRFND-107)
Aims to provide stable, long-term inflation beating growth over medium to long-term and defend capital against short-term capital shocks.

13 July 2009
Equity 10.87 30.79
Sovereign
252.07 Housing Development Finance Corp. Ltd 0.63 AAA

HDFC Bank Ltd 0.55
NAV
Hindustan Unilever Ltd 0.48 69.21
I T C Ltd 0.44
Fund Manager
ICICI Bank Ltd 0.39
Bharti Airtel Ltd 0.29 220
Equity - 37.5% (Nifty); Maruti Suzuki India Ltd 0.24
Debt - 62.5% (Crisil Composite Bond) Axis Bank Ltd 0.24
Sun Pharmaceuticals Ltd 0.19 27
4
Modified Duration
Mahindra & Mahindra Ltd 0.19 Equity Debt NCA
Debt & Money
Others 2.94
G-Sec 64.71
7.10% PFC - 11.01.2027 4.17 NIC 2008 % to Fund**
8.13% GOI - 22.06.2045 1.31
Equity 00 - 75 11 8.72% TN SDL -19.09.2026 1.15
9.50% MAH SDL - 18.12.2023 1.10 Govt. of India 39.92
Gsec /
00 - 100 78
7.40% GOI 2035 - 09.09.35 0.96 Financial and insurance
MMI / 30.57
00 - 40 12 8.44% RJ SDL - 27.06.2028 0.94 activities
Others
9.29% PN SDL - 09.10.2023 0.90
8.17% GOI - 01.12.2044 0.89 State Development Loan 20.61
Pension Floor Benchmark Corporate Debt 12.84 Computer programming,

Fund (%) (%) 7.70% REC - 10.12.2027 4.30 consultancy and related 1.39
activities
7.49% IRFC - 30.05.2027 4.26
1 month 1.1 3.1
7.83% LIC Housing Finance - 25.09.2026 - Mfg of coke and refined
4.15 0.90
3 months 3.9 10.5 P - 26.11.2020 petroleum products
8.49% NTPC - 25.03.2025 0.13
6 months 3.3 15.1 MMI 9.92 Mfg of chemicals and
0.89
NCA 1.66 chemical products
1 year -5.8 14.5

0.50
3 years 2.2 10.3
4 years 4.9 11.0 medicinal chemical & 0.48
botanical products
5 years 6.0 10.7
6 years 4.9 9.5
7 years 6.9 11.1

10 years 5.2 9.2

INDIVIDUAL FUND
PENSION FLOOR FUND II
(ULIF-043-08/01/10-PNFLRKFND2-107)
Aims to provide stable, long-term inflation beating growth over medium to long-term and defend capital against short-term capital shocks.

08 January 2010
Equity 9.32
42.44
AUM (in Lakhs) Housing Development Finance Corp. Ltd 0.59
AAA
872.72 Infosys Ltd 0.58 Sovereign

ICICI Bank Ltd 0.42
NAV 57.56
HDFC Bank Ltd 0.41
I T C Ltd 0.37
Fund Manager
772
Equity - 37.5% (Nifty); Maruti Suzuki India Ltd 0.23
Debt - 62.5% (Crisil Composite Bond) Axis Bank Ltd 0.20
19
Debt & Money
Others 2.63
G-Sec 39.89
9.72% PN SDL - 28.08.2023 1.57 NIC 2008 % to Fund**
8.20% GOI - 15.02.22 1.56
Equity 00 - 75 9 8.09% REC - 21.03.2028 1.28
8.06% REC - 27.03.2028 1.26 Financial and insurance
Gsec / 47.98
Debt 7.60% PFC - 20.02.2027 1.23
7.10% PFC - 11.01.2027 1.20
00 - 40 14 8.94% GJ SDL - 07.03.2022 1.11
Others
9.18% PN SDL - 09.11.2021 0.80
Others 15.21
Performance Meter
Pension Floor Benchmark Electricity, gas, steam and
7.85% PFC - 03.04.2028 3.75 6.31
Fund II (%) (%) air conditioning supply
7.35% Bajaj Finance Ltd - 10.11.2022 3.59
1 month 1.1 3.1 8.57% REC - 21.12.2024 2.54 Computer programming,
3 months 4.0 10.5 8.83% EXIM- 09.01.2023 2.49
activities
6.73% IRFC - 06.07.2035 2.28
6 months 4.0 15.1 9.30% PGC - 28.06.2024 1.65 Mfg of chemicals and
0.76
chemical products
9.25% PGC - 26.12.2023 1.62
1 year -6.0 14.5
8.85% PGC - 19.10.2021 1.49
2 years 2.6 13.0 9.09% IRFC - 29.03.2026 1.30 petroleum products
0.75
9.34% REC - 25.08.2024 1.30
3 years 2.6 10.3
Others 14.76 Mfg of motor vehicles,
0.44
4 years 5.3 11.0 MMI 11.79 trailers and semi-trailers
NCA 2.23
5 years 6.4 10.7
botanical products
6 years 5.2 9.5
10 years 5.8 9.2

Others 4.28
Inception 6.2 9.2

INDIVIDUAL FUND
KOTAK PENSION BALANCED FUND
(ULIF-011-27/06/03-PNBALFND-107)

27 June 2003
Equity 9.16 0.45
AAA
35.54
4,831.24 Housing Development Finance Corp. Ltd 0.55 Sovereign
HDFC Bank Ltd 0.50
SBI ETF Nifty Bank 0.44 A1+
NAV
ICICI Bank Ltd 0.43 64.01
Fund Manager Hindustan Unilever Ltd 0.36

I T C Ltd 0.32 AUM (in Lakhs)
Equity : Rohit Agarwal
4,326
Equity - 30% (BSE 100); Maruti Suzuki India Ltd 0.20
443 63
Modified Duration HCL Technologies Ltd 0.14
Mahindra & Mahindra Ltd 0.13 Equity Debt NCA
Debt & Money
Market Instruments : 4.33 Sun Pharmaceuticals Ltd 0.13
Others 2.43
G-Sec 38.16
Asset Allocation 5.15% GOI - 09.11.2025 7.34
Sector Allocation as per
Approved (%) Actual (%) 7.16% GOI - 20.09.2050 6.40
6.67% GOI - 17.12.2050 3.66
Equity 00 - 60 9
54.33
Gsec / 6.79% GOI - 15.05.2027 3.35 activities
20 - 70 66
Debt 8.54% REC - 15.11.2028 2.13
6.42% NABARD - 25.11.2030 1.02 Govt. of India 27.48
MMI /
00 - 40 24 7.10% PFC - 11.01.2027 0.87
Others
7.69% GOI - 17.06.2043 0.65
8.65% NABARD - 08.06.2028 0.48
Pension Corporate Debt 28.32 3.49
Benchmark air conditioning supply
Balanced 7.25% HDFC - 17.06.2030 1.88
(%)
Fund (%)
8.56% REC - 29.11.2028 1.66 Wholesale trade, except of
1 month 0.9 2.6 8.55% HDFC - 27.03.2029 1.64
motorcycles
3 months 3.4 8.8 0.93
P - 26.08.15 Mfg of coke and refined
1.49
7.85% PFC - 03.04.2028 0.90 petroleum products
6 months 3.9 12.7
10.08% IOT Utkal Energy Services Limited - Computer programming,
0.88
1 year -7.4 14.3 20.03.2025 consultancy and related 1.32
7.35% Bajaj Finance Ltd - 10.11.2022 0.87 activities
0.75 Mfg of chemicals and
20.03.2027 0.67
3 years 1.7 9.8 chemical products
8.57% REC - 21.12.2024 0.69
4 years 5.0 10.4 9.25% LIC Housing Finance - 12.11.2022 0.67 Mfg of pharmaceuticals,
Others 17.45
MMI 23.06
6 years 6.0 9.5 0.38
7 years 8.3 10.9

Others 3.40
10 years 7.3 9.1
Inception 10.7 10.3

INDIVIDUAL FUND
PENSION BALANCED FUND II
(ULIF-046-24/01/10-PNBALFND2-107)

24 January 2010
Equity 35.11 49.89
Infosys Ltd 3.10
AUM (in Lakhs) ICICI Bank Ltd 2.98 AAA
47.47 Reliance Industries Ltd 2.80

HDFC Bank Ltd 2.51 Sovereign

50.11
NAV
27.8250 I T C Ltd 2.04
Axis Bank Ltd 1.57
Fund Manager
Titan Industries Ltd 1.25
30
Benchmark Details Maruti Suzuki India Ltd 1.13
Equity - 60% (BSE 100); Bharti Airtel Ltd 1.13 17
Debt - 40% (Crisil Composite Bond) Bajaj Finance Ltd 1.12
Cipla Ltd 0.86
Modified Duration 1
Britannia Industries Ltd 0.83
Others 2.34
G-Sec 31.45
Asset Allocation 8.15% GOI FCI Bonds - 16.10.22 11.22 Sector Allocation as per
1.44% INFLATION INDEX GS 2023 7.24 NIC 2008 % to Fund**
42.14
8.68% TN SDL - 26.05.2021 0.49 activities
Gsec /
20 - 70 32
Debt 9.39% GJ SDL - 20.11.2023 0.48
8.72% TN SDL -19.09.2026 0.41 Govt. of India 22.49
MMI /
00 - 40 33 8.84% PN SDL - 11.06.2024 0.38
Others
9.69% PN SDL - 12.02.2024 0.36
Pension Corporate Debt 0.07 consultancy and related 5.70
Benchmark
Balanced 4.25% HDFC Bank FD NSE - 09.08.2021 0.07 activities
(%)
Fund II (%)
MMI 31.60
NCA 1.76 3.45
3 months 9.9 15.0 Mfg of pharmaceuticals,

6 months 16.8 22.1 botanical products
1 year 11.6 15.3 Mfg of tobacco products 2.04
2 years 11.3 12.8

3 years 7.7 9.5

1.55
5 years 10.1 11.2
6 years 9.3 9.5 1.34
chemical products
7 years 11.9 11.6

Others 8.47
10 years 9.4 9.2
Inception 9.8 9.4

INDIVIDUAL FUND
KOTAK PENSION BOND FUND
(ULIF-017-15/04/04-PNBNDFND-107)

15th April 2004 Holdings % to Fund
G-Sec 42.99 31.44
AAA
AUM (in Lakhs) 8.80% REC - 22.01.2029 2.58
889.57 8.06% REC - 27.03.2028 2.48 Sovereign
7.10% PFC - 11.01.2027 2.36

6.22% GOI - 16.03.2035 1.67
NAV
8.30% Fertilizer Co GOI - 07.12.23 1.61 68.56
40.9189 8.29% NABARD - 24.01.2029 1.28
8.09% REC - 21.03.2028 1.25
8.01% REC - 24.03.2028 1.23
Fund Manager
7.60% PFC - 20.02.2027 1.21
AUM (in Lakhs)
7.70% REC - 10.12.2027 2.44 866
Benchmark Details 8.02% EXIM- 20.04.2026 2.43
Equity - 0% (NA); 10.08% IOT Utkal Energy Services Limited -
2.37
20.03.2027
1.76
20.03.2022
23
Modified Duration 9.35% PGC - 29.08.2025 1.30
Debt NCA
Debt & Money 8.78% NHPC - 11.02.2026 1.29
Market Instruments : 3.86 9.33% IRFC - 10.05.2026 1.29
8.90% PFC - 18.03.2028 1.29
8.63% REC - 25.08.2028 1.29
8.54% NHPC - 26.11.2028 1.28 NIC 2008 % to Fund**
Approved (%) Actual (%) Others 28.09
Gsec 00 - 75 43 MMI 9.56

NCA 2.63
Debt 25 - 100 45
48.93
MMI / activities
00 - 40 12
Others
Performance Meter Govt. of India 15.39
Pension
Benchmark
Bond Fund
(%)
(%)
1 month 0.3 0.4

3 months 2.9 2.9
6 months 3.1 4.0
1 year 11.2 12.3 Electricity, gas, steam and

11.31
2 years 11.5 11.5
3 years 9.8 9.6

Wholesale trade, except
4 years 8.2 8.4 of motor vehicles and 6.52
motorcycles
5 years 9.3 9.3
6 years 8.9 9.2
7 years 9.8 9.9 Others 2.63
10 years 9.2 8.9
Inception 8.8 7.2

INDIVIDUAL FUND
KOTAK PENSION GILT FUND
(ULIF-008-27/06/03-PNGLTFND-107)
Aims to preserve your capital and minimize your downside risk, with investment in debt and government instruments.

27 June 2003
8.84
G-Sec 88.51
7.88% GOI - 19.03.2030 8.79
AUM (in Lakhs) 1.44% INFLATION INDEX GS 2023 5.79 Sovereign
232.98 6.22% GOI - 16.03.2035 5.48
7.71% GJ SDL - 01.03.2027 5.30 AAA
7.38% MP SDL - 14.09.2026 5.24
NAV
37.9027 9.25% RJ SDL - 09.10.2023 3.66 91.16
5.22% GOI - 15.06.2025 3.60
7.00% GOI Fertilizer Bond - 10.12.22 3.22
Fund Manager
7.63% GOI - 17.06.2059 3.17
AUM (in Lakhs)
MMI 8.58
NCA 2.90 226
Benchmark Details
Equity - 0% (NA);
Debt - 100% (IBEX)
7
Modified Duration

Gsec 80 - 100 89
MMI /
00 - 40 11
Others
Performance Meter
Pension
Benchmark
Gilt Fund
(%)
(%)
1 month 0.5 0.5

3 months 2.9 2.8
6 months 2.9 3.5
1 year 9.6 11.9
2 years 10.3 11.2

3 years 9.5 10.3 8.58
activities
4 years 7.7 8.6
5 years 9.2 9.6
6 years 8.8 9.4
7 years 10.0 10.2

Others 2.90
10 years 8.9 9.3
Inception 7.9 8.0


INDIVIDUAL FUND
KOTAK PENSION FLOATING RATE FUND
(ULIF-022-07/12/04-PNFLTRFND-107)

07 December 2004
6.53
G-Sec 51.58
9.37% MAH SDL - 04.12.2023 19.45
AUM (in Lakhs) 8.84% PN SDL - 11.06.2024 5.32 Sovereign
79.41 8.39% RJ SPL SDL - 15.03.2022 2.76
8.90% MH SDL -19.12.2022 2.74 AAA
8.92% RJ SDL - 21.11.2022 2.73

NAV
8.51% PN SDL - 10.04.2023 2.68
93.47
31.2393 8.15% GOI FCI Bonds - 16.10.22 2.59
8.21% RJ SPL SDL - 31.03.2022 2.56
6.13% GOI - 04.06.2028 2.30
Fund Manager
AUM (in Lakhs)
77
GOI FRB - 07.11.2024 38.62
Benchmark Details MMI 6.30
Equity - 0% (NA); NCA 3.50
Modified Duration 3


Gsec 00 - 75 52
Debt 25 - 100 39
MMI /
00 - 40 10 Govt. of India 47.35
Others
Performance Meter
Pension
Benchmark
Floating Rate
(%)
Fund (%) State Development Loan 42.85
1 month 0.5 0.3
3 months 1.8 0.9
6 months 2.2 1.9
1 year 6.6 4.6

6.30
activities
2 years 7.0 5.7
3 years 6.6 6.3
4 years 6.2 6.4
5 years 6.7 6.6
7 years 7.3 7.2
10 years 7.8 7.6
Inception 7.3 7.0

INDIVIDUAL FUND
PENSION MONEY MARKET FUND II
(ULIF-039-28/12/09-PNMNMKFND-107)
Aims to protect your capital and not have downside risks

28 December 2009
MMI 99.75
NCA 0.25
AUM (in Lakhs)
290.72
AAA
NAV
100.00
21.2629
Fund Manager
AUM (in Lakhs)
290
Benchmark Details
Equity - 0% (NA);
Modified Duration 0.72


MMI /
100 100
Others
Performance Meter Financial and

insurance activities
99.75
Pension
Money Benchmark
Market (%)
Fund II (%)
1 month 0.2 0.3
3 months 0.6 0.9
6 months 1.6 1.9
1 year 4.0 4.6
3 years 5.7 6.3
4 years 5.8 6.4
5 years 6.2 6.6
6 years 6.5 6.9
7 years 6.8 7.2
10 years 7.4 7.6
Inception 7.1 7.4

INDIVIDUAL FUND
KOTAK ADVANTAGE MULTIPLIER FUND II
(ULIF-026-21/04/06-ADVMULFND2-107)
Aims for a high level of capital growth by holding a significant portion in equities. May experience high levels of shorter term volatility (downside
risk).

21 April 2006
G-Sec 82.20
8.56% TN SDL - 22.06.2021 73.92
AUM (in Lakhs) 9.20% GOI - 30.09.2030 8.28
Sovereign
0.44 MMI 0.00
NCA 17.80
NAV 100.00
19.6717
Fund Manager
0.37
Benchmark Details
Equity - 50% (Nifty);
0.08
Modified Duration

Approved (%) Actual (%) NIC 2008 % to Fund**
Equity 00 - 100 0
Gsec /
00 - 100 82
Debt
State Development
MMI / 73.92
Loan
00 - 40 18
Others
Performance Meter
Kotak
Advantage Benchmark
Multiplier (%)
Fund II (%)
1 month -0.1 4.1

Others 17.80
3 months 0.3 13.2
6 months 0.1 19.0
1 year 2.9 15.0
2 years 4.1 13.3
3 years 3.9 10.4
4 years 3.3 11.8

Govt. of India 8.28
5 years 3.4 11.1
6 years 3.7 9.6
7 years 4.2 11.4
10 years 3.6 9.2
Inception 4.7 9.5
INDIVIDUAL FUND
DISCONTINUED POLICY FUND
(ULIF-050-23/03/11-DISPOLFND-107)
Aims to provide secure returns to policies in the discontinued state, by investing in low- risk debt instruments.

23 March 2011
rd Holdings % to Fund
G-Sec 67.72 4.82
7.68% GOI - 15.12.2023 36.38 Sovereign

AUM (in Lakhs) 182 Days T Bill - 25.02.2021 19.27 27.56
A1+
56,584.95 182 Days T Bill - 04.03.2021 7.68
8.74% PN SDL - 14.12.2021 4.39 AAA
MMI 32.42
NAV 67.62
NCA -0.14
19.6512
Fund Manager
AUM (in Lakhs)
56,665
Benchmark Details
Modified Duration NCA

Debt & Money Debt -80

Gsec 60 - 100 68
MMI /
00 - 40 32
Others
Performance Meter
Discontinued
Benchmark
Policy Fund
(%)
(%) Financial and insurance
28.99
activities
1 month 0.3 0.3
3 months 1.4 0.9
6 months 2.3 1.9
1 year 4.7 4.6

2 years 5.4 5.7 3.44
3 years 5.6 6.3
4 years 5.7 6.4
5 years 5.9 6.6
6 years 6.2 6.9

- 0.14 Others
7 years 6.6 7.2
10 years n.a n.a
Inception 7.1 7.6

GROUP FUNDS
KOTAK GROUP KOTAK GROUP KOTAK GROUP KOTAK GROUP

DYNAMIC FLOOR FUND BALANCED FUND BOND FUND GILT FUND
KOTAK GROUP KOTAK GROUP MONEY KOTAK GROUP SECURE KOTAK GROUP SHORT
FLOATING RATE FUND MARKET FUND CAPITAL FUND TERM BOND FUND
KOTAK GROUP
PRUDENT FUND
GROUP FUND
KOTAK GROUP DYNAMIC FLOOR FUND
(ULGF-015-07/01/10-DYFLRFND-107)
Aims to provide stable long term inflation beating growth over the medium to longer term and defend capital against short term capital shocks.
Is likely to out-perform traditional balanced or equity funds during sideways or falling markets and shadow the rising equity markets.

07 January 2010
Equity 6.45
48.97
AUM (in Lakhs) Infosys Ltd 0.41 AAA

Sovereign
HDFC Bank Ltd 0.34
ICICI Bank Ltd 0.32
NAV
SBI ETF Nifty Bank 0.30 51.03
I T C Ltd 0.25
Fund Manager
Equity: Rohit Agarwal AUM (in Lakhs)
Debt : Gajendra Manavalan ICICI Prudential Bank ETF Nifty Bank Index 0.22
375
Benchmark Details Maruti Suzuki India Ltd 0.17
Equity - 30% (Nifty) Asian Paints Ltd 0.16
7
Debt & Money
Others 1.68
G-Sec 44.99
6.18% GOI - 04.11.2024 12.84 NIC 2008 % to Fund**
6.22% GOI - 16.03.2035 6.09
Equity 00 - 60 6 8.15% GOI FCI Bonds - 16.10.22 5.21
42.51
activities
Gsec / 1.44% INFLATION INDEX GS 2023 1.34
00 - 100 65
Debt 7.65% RJ SDL - 29.11.2027 0.46
7.62% KA SDL - 01.11.2027 0.29 Govt. of India 42.30
MMI /
00 - 40 29 7.26% HR SDL 28.06.2027 0.28
Others
7.20% MH SDL -09.08.2027 0.14 Electricity, gas, steam and
6.72
Performance Meter Others 2.30 air conditioning supply
Kotak Group
Benchmark
Dynamic Floor 9.30% PGC - 28.06.2023 3.39 State Development Loan 2.70
(%)
Fund (%) 8.85% PGC - 19.10.2021 3.18
1 month 0.8 2.6 8.90% PFC - 18.03.2028 2.80 Computer programming,
8.63% REC - 25.08.2028 2.80 consultancy and related 0.84
3 months 2.9 9.0 7.85% PFC - 03.04.2028 2.67 activities
6 months 3.1 12.8 7.62% EXIM- 01.09.2026 2.63 Mfg of coke and refined
0.53
8.35% Sundaram Finance - 31.05.2021 2.49 petroleum products
1 year -3.1 14.2 MMI 26.93
NCA 1.67 Mfg of chemicals and
2 years 3.9 12.8 0.51
chemical products
3 years 3.8 10.2

0.32

10 years 6.1 9.1

GROUP FUND
KOTAK GROUP BALANCED FUND
(ULGF-003-27/06/03-BALFND-107)
Aims for moderate growth by holding a diversified mix of equities and fixed interest instruments. May also be susceptible to moderate levels of
shorter-term volatility (downside risk).

27 June 2003
0.61
Equity 53.87
Sovereign
Infosys Ltd 4.31 29.58
1,28,578.78 ICICI Bank Ltd 3.29 AAA
HDFC Bank Ltd 2.85
NAV A1+
Fund Manager
Equity: Rohit Agarwal AUM (in Lakhs)
Debt : Gajendra Manavalan Bajaj Finance Ltd 1.40
Larsen And Toubro Ltd 1.15 69,261
Benchmark Details Axis Bank Ltd 1.10 56,881
Equity - 60% (BSE 100) S R F Ltd 1.10

Debt - 40% (Crisil Composite Bond) Mahindra & Mahindra Ltd 1.06
P I Industries Ltd 0.81 2,436
Modified Duration
Shree Cement Ltd 0.77
Others 17.07
G-Sec 28.69
5.15% GOI - 09.11.2025 4.09 NIC 2008 % to Fund**
6.22% GOI - 16.03.2035 3.77
6.79% GOI - 15.05.2027 2.35 29.74
activities
Gsec / 5.22% GOI - 15.06.2025 1.96
20 - 70 39
Debt 7.61% GOI - 09.05.2030 1.29
6.42% NABARD - 25.11.2030 1.03
MMI /
00 - 40 7 8.54% REC - 15.11.2028 0.83
Others Computer programming,
1.44% INFLATION INDEX GS 2023 0.55 consultancy and related 8.13
Performance Meter Others 4.29 activities
Corporate Debt 9.94
Kotak Group Mfg of chemicals and
Benchmark 5.61
Balanced 7.35% Bajaj Finance Ltd - 10.11.2022 0.99 chemical products
(%)
Fund (%) 8.56% REC - 29.11.2028 0.83
1 month 3.8 4.9 8.55% HDFC - 27.03.2029 0.73 Mfg of coke and refined
4.87
7.09% HDB Financial services Ltd - 17.04.2023 0.56 petroleum products
3 months 13.3 15.0 7.85% PFC - 03.04.2028 0.49
5.10% Sundaram Finance - 01.12.2023 0.38 Mfg of motor vehicles,
6 months 19.5 22.1 2.80
1 year 14.1 15.3 8.5383% Bajaj Finance Ltd - 07.06.2022 0.27
7.10% Bajaj Finance Ltd - 10.02.2023 0.26 2.63
2 years 13.4 12.8 mineral products
6.39% IOC - 06.03.2025 0.26
3 years 9.4 9.5 Others 4.87 Mfg of pharmaceuticals,
MMI 5.60 medicinal chemical & 2.62
NCA 1.89
5 years 11.3 11.2
6 years 10.3 9.5
7 years 12.9 11.6 State Development Loan 1.59
10 years 10.2 9.2

Others 11.05
Inception 13.1 11.8

GROUP FUND
KOTAK GROUP BOND FUND
(ULGF-004-15/04/04-BNDFND-107)
Returns will be in line with those of fixed interest instruments, and may provide little protection against unexpected inflation increases. Will pre-
serve capital and minimize downside risk, with investment in debt and government instruments.

15 April 2004
1.16
G-Sec 58.76 0.01 Sovereign
5.15% GOI - 09.11.2025 16.18
AUM (in Lakhs) 6.67% GOI - 17.12.2050 12.43 AAA
2,14,378.14 7.16% GOI - 20.09.2050 8.36

A1+
6.79% GOI - 15.05.2027 5.48 41.54
6.22% GOI - 16.03.2035 4.16 AA-
NAV
8.54% REC - 15.11.2028 2.05
57.28
44.5256 6.42% NABARD - 25.11.2030 1.51
7.69% GOI - 17.06.2043 0.73
Fund Manager
7.65% RJ SDL - 29.11.2027 0.69
AUM (in Lakhs)
Benchmark Details 8.55% HDFC - 27.03.2029 1.96
Equity - 0% (NA) 8.56% REC - 29.11.2028 1.89
Debt - 100% (Crisil Composite Bond) 7.09% HDB Financial services Ltd - 17.04.2023 1.84
5.10% Sundaram Finance - 01.12.2023 1.28 6,037
Modified Duration Debt NCA
7.85% PFC - 03.04.2028 0.93
Debt & Money
Market Instruments : 5.79 6.39% IOC - 06.03.2025 0.90
NCA 2.82
Gsec 00 - 75 59
MMI /
00 - 40 13
Others
35.86
activities
Performance Meter
Kotak Group
Benchmark State Development Loan
Bond Fund 3.39
(%)
(%)
1 month 0.6 0.4

3 months 3.3 2.9 2.99
6 months 3.6 4.0
1 year 12.5 12.3 Others 2.82
2 years 12.4 11.5

5 years 10.0 9.3

1.14
6 years 9.5 9.2 petroleum products
7 years 10.5 9.9
10 years 9.8 8.9 Mfg of basic metals 0.01
Inception 9.3 7.2

GROUP FUND
KOTAK GROUP GILT FUND
(ULGF-002-27/06/03-GLTFND-107)
Returns will be in line with those of fixed interest instruments, and may provide little protection against unexpected inflation increases. Will pre-
serve capital and minimize downside risk, with investment in debt and government instruments.

27 June 2003
6.17
G-Sec 91.56
5.15% GOI - 09.11.2025 14.40
AUM (in Lakhs) 7.16% GOI - 20.09.2050 13.52 Sovereign
12,883.25 6.22% GOI - 16.03.2035 6.85
AAA
6.67% GOI - 17.12.2050 6.80
7.69% GOI - 17.06.2043 5.43
NAV
6.79% GOI - 15.05.2027 5.13
93.83
39.5375 9.12% GJ SDL - 23.05.2022 4.97
7.32% GOI - 28.01.2024 3.39
7.65% TN SDL -06.12.2027 3.28
Fund Manager
8.15% GOI FCI Bonds - 16.10.22 2.80
AUM (in Lakhs)
MMI 8.50
12,891
NCA -0.06
Benchmark Details
Equity - 0% (NA)
Debt - 100% (IBEX)
NCA
Modified Duration
Debt -8
Debt & Money

Gsec 80 - 100 92
MMI /
00 - 20 8
Others
Performance Meter
Kotak Group
Benchmark
Gilt Fund
(%) State Development Loan 22.28
(%)
1 month 0.6 0.53
3 months 3.1 2.81
6 months 3.0 3.50

1 year 11.6 11.88 6.17
activities
2 years 11.4 11.23
3 years 10.3 10.27
4 years 8.4 8.62
5 years 9.8 9.62 - 0.06 Others
6 years 9.3 9.41
7 years 10.5 10.21
10 years 9.3 9.30
Inception 8.2 7.99

GROUP FUND
KOTAK GROUP FLOATING RATE FUND
(ULGF-005-07/12/04-FLTRFND-107)
Returns will be in line with those of fixed interest instruments, and may provide little protection against unexpected inflation increases Will preserve
capital and minimize downside risk, with investment in debt and government instruments.

07 December 2004
G-Sec 49.93
23.67
9.37% MAH SDL - 04.12.2023 11.46
AUM (in Lakhs) 6.22% GOI - 16.03.2035 11.18
Sovereign
13,492.77 5.22% GOI - 15.06.2025 7.35
8.92% RJ SDL - 21.11.2022 3.29 AAA
9.12% GJ SDL - 23.05.2022 2.37
NAV
8.39% RJ SPL SDL - 15.03.2022 1.84 76.33
33.1792 7.20% MH SDL -09.08.2027 1.76
8.62% MAH SDL - 20.02.2023 1.61
8.84% PN SDL - 11.06.2024 1.51
Fund Manager
AUM (in Lakhs)
Corporate Debt 29.96 13,399
GOI FRB - 07.11.2024 23.24
Benchmark Details HDB Financial services Ltd FBIL MIBOR 3M -
6.72
20.10.2022
Equity - 0% (NA)
Debt - 100% (CRISIL Liquid) MMI 19.41
NCA 0.70
94
Modified Duration Debt NCA
Debt & Money

Gsec 00 - 75 50
Debt 25 - 100 30
MMI /
00 - 40 20
Others
Performance Meter
Kotak Group
Benchmark
Floating Rate
(%) State Development Loan 27.53
Fund (%)
1 month 0.5 0.3
3 months 1.8 0.9
6 months 2.6 1.9
1 year 6.7 4.6 Financial and insurance

23.50
activities
2 years 7.3 5.7
3 years 7.0 6.3
4 years 6.6 6.4
5 years 7.1 6.6

Others 0.70
6 years 7.2 6.9
7 years 7.8 7.2
10 years 8.3 7.6
Inception 7.7 7.0

GROUP FUND
KOTAK GROUP MONEY MARKET FUND
(ULGF-001-27/06/03-MNMKFND-107)
Will protect capital and not have downside risks.

12 August 2013
MMI 0.00
NCA 100.00
AUM (in Lakhs)
2.70
NAV
18.1670
Fund Manager
AUM (in Lakhs)
3
Benchmark Details
Equity - 0% (NA)
-
Modified Duration
Debt NCA
Debt & Money

Approved (%) Actual (%) NIC 2008 % to Fund**
MMI /
100 100
Others
Performance Meter
Kotak Group
Money Benchmark
Market Fund (%)
(%)
1 month -0.1 0.3
3 months 10.8 0.9

Others 100.00
6 months 11.3 1.9
1 year 27.8 4.6
2 years 13.8 5.7
3 years 10.8 6.3
4 years 9.3 6.4
5 years 8.3 6.6
6 years 8.2 6.9
7 years 8.3 7.2
10 years n.a n.a
Inception 8.4 7.4


GROUP FUND
KOTAK GROUP SECURE CAPITAL FUND
(ULGF-016-12/04/11-SECCAPFND-107)
The portfolio will consist of highly rated debt instruments including corporate debt and infrastructure debt assets as defined in the IRDA regula-
tions, Government securities and short term investments.

12 April 2011
G-Sec 57.20 0.71
Sovereign
5.15% GOI - 09.11.2025 14.76
AUM (in Lakhs) 6.67% GOI - 17.12.2050 12.98
67,417.09 7.16% GOI - 20.09.2050 8.20
AAA
6.79% GOI - 15.05.2027 6.96 44.75
6.22% GOI - 16.03.2035 3.50
NAV
8.54% REC - 15.11.2028 1.72 A1+
54.54
24.4795 6.42% NABARD - 25.11.2030 1.17
7.69% GOI - 17.06.2043 0.96
7.65% RJ SDL - 29.11.2027 0.68
Fund Manager
5.22% GOI - 15.06.2025 0.63
AUM (in Lakhs)
7.09% HDB Financial services Ltd - 17.04.2023 2.67 65,047
Benchmark Details 5.45% NTPC - 15.10.2025 2.24
8.55% HDFC - 27.03.2029 1.73
9.05% HDFC - 20.11.2023 1.64
8.56% REC - 29.11.2028 1.41 2,370
Modified Duration
6.90% IRFC - 05.06.2035 1.05
Market Instruments : 5.80 6.39% IOC - 06.03.2025 0.98
MMI 10.50
NCA 3.52
Gsec 00 - 75 57
MMI /
00 - 40 14
Others

37.17
activities
Performance Meter
Kotak Group
Benchmark
Secure Capital
(%) Electricity, gas, steam and
Fund (%) 4.65
1 month 0.6 0.4
3 months 3.2 2.9
6 months 3.6 4.0 Others 3.52
1 year 12.4 12.3
2 years 12.1 11.5

3 years 10.3 9.6
4 years 8.7 8.4

7 years 10.2 9.9

10 years n.a n.a 0.98
petroleum products
Inception 9.6 9.0

GROUP FUND
KOTAK GROUP SHORT TERM BOND FUND
(ULGF-018-18/12/13-SHTRMBND-107)
Will generate stable returns through investments in a suitable mix of debt and money market instruments.

19 October 2015
G-Sec 44.21 44.91
6.79% GOI - 15.05.2027 13.44
AUM (in Lakhs) 6.18% GOI - 04.11.2024 13.23 AAA
9,517.49 7.20% MH SDL -09.08.2027 6.63 Sovereign

9.50% GJ SDL - 11.09.2023 2.36
NAV 55.09
9.69% PN SDL - 12.02.2024 1.19
14.5864 8.90% KA SDL - 19.12.2022 1.14
9.17% PN SDL - 11.04.2022 1.11
9.25% RJ SDL - 09.10.2023 0.88
Fund Manager
8.91% MAH SDL - 05.09.2022 0.75
AUM (in Lakhs)
Benchmark Details 5.45% NTPC - 15.10.2025 8.45
9.05% HDFC - 20.11.2023 5.82
100%-CRISIL Short Term Bond Fund Index
8.90% PGCIL - 25.02.2021 2.12 149
Modified Duration
9.20% PFC - 07.07.2021 1.94
Market Instruments : 2.75 7.25% HDFC - 17.06.2030 1.91
7.70% REC - 10.12.2027 1.14
9.61% PFC - 29.06.2021 0.86
NCA 1.56
Gsec 00 - 50 44
Debt 25 - 75 41
MMI / 43.53
Others
Performance Meter
Kotak Group
Short Term Benchmark Govt. of India 28.75
Bond Fund (%)
(%)
1 month 0.4 0.3
3 months 2.1 2.4
6 months 2.9 3.8 State Development Loan 15.45
1 year 8.2 10.4
2 years 8.5 10.0
3 years 7.7 8.9

10.70
4 years 7.2 8.1 air conditioning supply
5 years 7.6 8.5
6 years n.a n.a
7 years n.a n.a

Others 1.56
10 years n.a n.a
Inception 7.5 8.4

GROUP FUND
KOTAK GROUP PRUDENT FUND
(ULGF-019-04/07/17-KGPFFND-107)
Aims to provide enhanced long term returns by taking a moderate exposure to equity and equity related securities and active management of a
fixed income portfolio.

1 June 2018
Equity 18.33 0.74
Infosys Ltd 1.52 Sovereign
AUM (in Lakhs) ICICI Bank Ltd 1.36
6,544.37 Reliance Industries Ltd 1.24 34.85
AAA
HDFC Bank Ltd 1.02
NAV A1+
64.41
Fund Manager
Benchmark Details Mahindra & Mahindra Ltd 0.44
20% BSE 100 & 80% Crisil Composite Bond
1,200
S R F Ltd 0.36
Coromandel International Ltd 0.30 123
Modified Duration
Pidilite Industries Ltd 0.29 Equity Debt NCA
Debt & Money
Others 5.50
G-Sec 55.00
6.67% GOI - 17.12.2050 8.91 NIC 2008 % to Fund**
7.16% GOI - 20.09.2050 7.17
Equity 00 - 20 18 9.50% GJ SDL - 11.09.2023 5.15
Gsec / 6.79% GOI - 15.05.2027 3.57 Mfg of beverages 41.03

40 - 100 72
Debt 6.22% GOI - 16.03.2035 3.03
7.69% GOI - 17.06.2043 1.98 Retail trade, except of
MMI / motor vehicles and 31.77
00 - 40 10 9.18% PN SDL - 09.11.2021 1.60
Others motorcycles
6.42% NABARD - 25.11.2030 1.36
8.70% REC - 28.09.2028 0.88
Kotak Group
Benchmark
Prudent Fund 9.24% LIC Housing Finance - 30.09.2024 2.03 Construction of buildings 2.77
(%)
(%) 8.56% REC - 29.11.2028 1.75
1 month 1.7 1.9 7.85% PFC - 03.04.2028 1.67
1.52
3 months 6.4 6.8 20.03.2027
6 months 8.0 9.8 Other manufacturing 1.98
1 year 12.3 13.7 8.55% HDFC - 27.03.2029 1.21
7.62% EXIM- 01.09.2026 0.82 Other manufacturing 1.59
2 years 12.3 12.2 6.39% IOC - 06.03.2025 0.80
3 years n.a n.a 5.10% Sundaram Finance - 01.12.2023 0.77 Warehousing and support
0.94
Others 3.36 activities for transportation
4 years n.a n.a MMI 8.15
NCA 1.88 Mfg of rubber and plastics
5 years n.a n.a 0.84
products
6 years n.a n.a Mfg of computer,

electronic and optical 0.83
7 years n.a n.a products
10 years n.a n.a

Others 5.51
Inception 34.6 32.4

ANNEXURE
The Break-up of Others is as given below
Equity Classic Opportunities Fund Equity Frontline Equity Fund

Others 36.11 Others 31.38
ICICI Lombard General Insurance Company Ltd 1.23 P I Industries Ltd 1.36
Shree Cement Ltd 1.22 Page Industries Ltd 1.35
P I Industries Ltd 1.22 Bharat Petroleum Corporation Ltd 1.28
Bharat Petroleum Corporation Ltd 1.19 HCL Technologies Ltd 1.24
Britannia Industries Ltd 1.16 Pidilite Industries Ltd 1.21
Tech Mahindra Ltd 1.09 The Ramco Cements Ltd 1.08
Supreme Industries Ltd 1.08 Indraprastha Gas Ltd 1.05
Hindalco Industries Ltd 1.07 Supreme Industries Ltd 1.03
Emami Ltd 0.99 Kajaria Ceramics Ltd 1.03
Indraprastha Gas Ltd 0.97 Coromandel International Ltd 0.95
HDFC Standard Life Insurance Company Ltd 0.95 Max Financial Services Ltd 0.93
JK Cement Limited 0.95 ICICI Lombard General Insurance Company Ltd 0.93
Jubilant Foodworks Ltd 0.93 Titan Industries Ltd 0.92
AU Small Finance Bank Ltd 0.93 J B Chemicals & Pharmaceuticals Ltd 0.87
SBI Cards and Payment Services Ltd 0.87 Emami Ltd 0.87
Aurobindo Pharma Ltd 0.87 Indiamart Intermesh Ltd 0.86
Gujarat Gas Ltd 0.86 Aavas Financiers Ltd 0.84
Indiamart Intermesh Ltd 0.86 Alkem Laboratories Ltd 0.84
Page Industries Ltd 0.83 Dixon Technologies India Ltd 0.82
National Thermal Power Corporation Ltd 0.82 Ashok Leyland Ltd 0.80
Jindal Steel and Power Ltd 0.80 HDFC Standard Life Insurance Company Ltd 0.79
Ipca Laboratories Ltd 0.79 Tech Mahindra Ltd 0.76
Cadila Healthcare Ltd 0.77 Brigade Enterprises Ltd 0.74
Alkem Laboratories Ltd 0.74 AU Small Finance Bank Ltd 0.70
J B Chemicals & Pharmaceuticals Ltd 0.74 Tata Steel Ltd 0.67
Crompton Greaves Consumer Electricals Limited 0.74 Jindal Steel and Power Ltd 0.67
Max Financial Services Ltd 0.73 ICICI Prudential IT ETF 0.66
Amara Raja Batteries Ltd 0.65 I T C Ltd 0.65
Aavas Financiers Ltd 0.61 Hindalco Industries Ltd 0.61
Balkrishna Industries Ltd 0.60 Hindustan Petroleum Corporation Ltd 0.58
HDFC Asset Management Co Ltd 0.59 Mahindra & Mahindra Financial Services Ltd 0.54
P N C Infratech Ltd 0.58 Shriram Transport Finance Co. Ltd 0.50
Motherson Sumi Systems Ltd 0.57 Lux Industries Limited 0.44
Bharat Electronics Ltd 0.57 Aurobindo Pharma Ltd 0.42
Mphasis Ltd 0.57 Godrej Consumer Products Limited 0.40
Kajaria Ceramics Ltd 0.54 United Breweries LTD 0.38
Tata Global Beverages Ltd 0.52 Cadila Healthcare Ltd 0.37
Titan Industries Ltd 0.51 Tata Global Beverages Ltd 0.34
Brigade Enterprises Ltd 0.50 Somany Ceramics Ltd 0.29
Voltas Ltd 0.44 Dalmia Bharat Limited 0.29
Persistent Systems Limited 0.43 Greenply Industries Ltd 0.23
Coromandel International Ltd 0.40 P N C Infratech Ltd 0.10
Whirlpool of India Ltd 0.40 6% Zee Entertainment Enterprises Ltd Pref Shares 0.003
Apollo Hospitals Enterprise Ltd 0.39
Ashok Leyland Ltd 0.38
Dixon Technologies India Ltd 0.36 Equity Kotak Opportunities Fund
Sheela Foam Limited 0.35
Crisil Ltd 0.30 Others 36.33
Bajaj Auto Ltd 0.27 Shree Cement Ltd 1.26
Tata Power Company Ltd 0.18 P I Industries Ltd 1.25
6% Zee Entertainment Enterprises Ltd Pref Shares 0.002 ICICI Lombard General Insurance Company Ltd 1.23
Equity Balanced Fund Supreme Industries Ltd 1.10
Tech Mahindra Ltd 1.09
Others 18.68 Hindalco Industries Ltd 1.07
UltraTech Cement Ltd 0.82 Emami Ltd 0.99
Shree Cement Ltd 0.82 Indraprastha Gas Ltd 0.98
Coromandel International Ltd 0.81 HDFC Standard Life Insurance Company Ltd 0.96
Page Industries Ltd 0.77 JK Cement Limited 0.96
Indraprastha Gas Ltd 0.70 Jubilant Foodworks Ltd 0.94
Dixon Technologies India Ltd 0.69 AU Small Finance Bank Ltd 0.93
Bharat Petroleum Corporation Ltd 0.66 SBI Cards and Payment Services Ltd 0.89
The Ramco Cements Ltd 0.65 Aurobindo Pharma Ltd 0.88
Kajaria Ceramics Ltd 0.65 Gujarat Gas Ltd 0.87
ICICI Lombard General Insurance Company Ltd 0.61 Indiamart Intermesh Ltd 0.86
Supreme Industries Ltd 0.60 National Thermal Power Corporation Ltd 0.83
Dabur India Ltd 0.57 Jindal Steel and Power Ltd 0.81
Max Financial Services Ltd 0.56 Ipca Laboratories Ltd 0.79
HDFC Standard Life Insurance Company Ltd 0.55 Cadila Healthcare Ltd 0.77
J B Chemicals & Pharmaceuticals Ltd 0.50 Alkem Laboratories Ltd 0.76
Emami Ltd 0.50 J B Chemicals & Pharmaceuticals Ltd 0.76
Alkem Laboratories Ltd 0.45
Max Financial Services Ltd 0.73
Mahindra & Mahindra Financial Services Ltd 0.44 Page Industries Ltd 0.71
Tata Steel Ltd 0.43 Amara Raja Batteries Ltd 0.67
Titan Industries Ltd 0.42 Balkrishna Industries Ltd 0.61
Hindalco Industries Ltd 0.41 Crompton Greaves Consumer Electricals Limited 0.61
Brigade Enterprises Ltd 0.40 HDFC Asset Management Co Ltd 0.61
ICICI Prudential IT ETF 0.39 Aavas Financiers Ltd 0.61
I T C Ltd 0.39 P N C Infratech Ltd 0.59
AU Small Finance Bank Ltd 0.37 Motherson Sumi Systems Ltd 0.58
Aavas Financiers Ltd 0.36 Bharat Electronics Ltd 0.58
Aurobindo Pharma Ltd 0.33 Mphasis Ltd 0.57
Hindustan Petroleum Corporation Ltd 0.32 Kajaria Ceramics Ltd 0.54
Jindal Steel and Power Ltd 0.32 Brigade Enterprises Ltd 0.52
Cadila Healthcare Ltd 0.29 Tata Global Beverages Ltd 0.52
Ashok Leyland Ltd 0.26 Titan Industries Ltd 0.52
Tata Global Beverages Ltd 0.26 Voltas Ltd 0.45
Godrej Consumer Products Limited 0.24 Persistent Systems Limited 0.44
United Breweries LTD 0.23 Coromandel International Ltd 0.41
Lux Industries Limited 0.22 Whirlpool of India Ltd 0.40
Indiamart Intermesh Ltd 0.21 Ashok Leyland Ltd 0.39
Somany Ceramics Ltd 0.21 Apollo Hospitals Enterprise Ltd 0.39
Greenply Industries Ltd 0.18 Dixon Technologies India Ltd 0.37
P N C Infratech Ltd 0.17 Sheela Foam Limited 0.35
Dalmia Bharat Limited 0.17
Crisil Ltd 0.30
Shriram Transport Finance Co. Ltd 0.17
ICICI Prudential Bank ETF Nifty Bank Index 0.15 Bajaj Auto Ltd 0.27
6% Zee Entertainment Enterprises Ltd Pref Shares 0.001 Tata Power Company Ltd 0.18
6% Zee Entertainment Enterprises Ltd Pref Shares 0.02
ANNEXURE
Equity Kotak Aggressive Growth Fund Equity Guarantee Fund

ICICI Prudential Bank ETF Nifty Bank Index 1.51 Divis Laboratories Ltd 0.85
P I Industries Ltd 1.40 Titan Industries Ltd 0.80
UltraTech Cement Ltd 1.39 Bajaj Auto Ltd 0.77
Page Industries Ltd 1.36
Power Grid Corporation of India Ltd 0.76
Pidilite Industries Ltd 1.36
National Thermal Power Corporation Ltd 0.75
Coromandel International Ltd 1.18 Britannia Industries Ltd 0.74
Titan Industries Ltd 1.14 Cipla Ltd 0.73
HDFC Standard Life Insurance Company Ltd 0.97 State Bank of India 0.72
The Ramco Cements Ltd 0.96 Hero Honda Motors Ltd 0.70
Supreme Industries Ltd 0.94 J S W Steel Ltd 0.67
Indraprastha Gas Ltd 0.90 Eicher Motors Ltd 0.61
ICICI Lombard General Insurance Company Ltd 0.90 Hindalco Industries Ltd 0.61
Hindustan Petroleum Corporation Ltd 0.86
Tata Steel Ltd 0.59
Oil & Natural Gas Corporation Ltd 0.59
Adani Ports and Special Economic Zone Ltd 0.55
Tech Mahindra Ltd 0.77 Tech Mahindra Ltd 0.51
Mahindra & Mahindra Financial Services Ltd 0.75 Wipro Ltd 0.49
Alkem Laboratories Ltd 0.75 Grasim Industries Ltd 0.48
Emami Ltd 0.74 Tata Motors Ltd 0.40
Jindal Steel and Power Ltd 0.65 Bajaj Finserv Ltd 0.36
AU Small Finance Bank Ltd 0.61 HDFC Standard Life Insurance Company Ltd 0.36
Tata Steel Ltd 0.59 GAIL (India) Ltd 0.36
ICICI Prudential IT ETF 0.54
IndusInd Bank Ltd 0.35
Godrej Consumer Products Limited 0.50
UPL Ltd 0.33
Cadila Healthcare Ltd 0.42 Bharat Petroleum Corporation Ltd 0.32
Aurobindo Pharma Ltd 0.41 SBI Life Insurance Company Ltd 0.24
United Breweries LTD 0.28 Indian Oil Corporation Ltd 0.24
Tata Global Beverages Ltd 0.27 Coal India Ltd 0.19
Equity Kotak Dynamic Balanced Fund
Others 13.35
Coromandel International Ltd 0.82
Equity Kotak Dynamic Growth Fund Bajaj Finance Ltd 0.81
Others 22.88 HDFC Standard Life Insurance Company Ltd 0.77

Pidilite Industries Ltd 1.08 Titan Industries Ltd 0.75
UltraTech Cement Ltd 1.07 Jubilant Foodworks Ltd 0.73
Shree Cement Ltd 1.07 Max Financial Services Ltd 0.71
Page Industries Ltd 1.01
Brigade Enterprises Ltd 0.97 Eicher Motors Ltd 0.66
The Ramco Cements Ltd 0.96 Petronet L N G Ltd 0.66
Dixon Technologies India Ltd 0.93 ICICI Lombard General Insurance Company Ltd 0.66
ICICI Lombard General Insurance Company Ltd 0.88
Brigade Enterprises Ltd 0.66
Kajaria Ceramics Ltd 0.85
Indraprastha Gas Ltd 0.83
Supreme Industries Ltd 0.79 Interglobe Aviation Ltd 0.56
Dabur India Ltd 0.74 Supreme Industries Ltd 0.54
J B Chemicals & Pharmaceuticals Ltd 0.66 Nestle (India) Ltd 0.53
Mahindra & Mahindra Financial Services Ltd 0.64
HDFC Standard Life Insurance Company Ltd 0.62
Hindalco Industries Ltd 0.58 Colgate Palmolive India Ltd 0.40
Titan Industries Ltd 0.57 National Thermal Power Corporation Ltd 0.39
AU Small Finance Bank Ltd 0.53 SBI Life Insurance Company Ltd 0.36
Aavas Financiers Ltd 0.52
Bajaj Auto Ltd 0.32
Emami Ltd 0.51
I T C Ltd 0.51 P N C Infratech Ltd 0.31
Hindustan Petroleum Corporation Ltd 0.50 Britannia Industries Ltd 0.17
Tata Steel Ltd 0.45 Tata Global Beverages Ltd 0.16
Aurobindo Pharma Ltd 0.43 P I Industries Ltd 0.15
Cadila Healthcare Ltd 0.38
Tata Global Beverages Ltd 0.33
Equity Pension Classic Opportunities Fund
Indiamart Intermesh Ltd 0.28 Others 8.87
Alkem Laboratories Ltd 0.27 Britannia Industries Ltd 1.55
Somany Ceramics Ltd 0.27
P N C Infratech Ltd 0.26
Greenply Industries Ltd 0.24 Shree Cement Ltd 1.38
ICICI Prudential Bank ETF Nifty Bank Index 0.22 HDFC Standard Life Insurance Company Ltd 1.16
Dalmia Bharat Limited 0.22 National Thermal Power Corporation Ltd 1.10
United Breweries LTD 0.21
Cipla Ltd 0.96
Jindal Steel and Power Ltd 0.78
Lux Industries Limited 0.06
6% Zee Entertainment Enterprises Ltd Pref Shares 0.01 Bharat Petroleum Corporation Ltd 0.55
ANNEXURE
Equity Pension Frontline Equity Fund Equity Pension Balanced Fund II

Shree Cement Ltd 2.05 Eicher Motors Ltd 0.48
Maruti Suzuki India Ltd 1.89 Bharat Petroleum Corporation Ltd 0.44
Dr Reddys Laboratories Ltd 1.88 Mahindra & Mahindra Ltd 0.43
Mahindra & Mahindra Ltd 1.87 Interglobe Aviation Ltd 0.40
Sun Pharmaceuticals Ltd 1.61 Hero Honda Motors Ltd 0.39
UltraTech Cement Ltd 1.54 Indian Oil Corporation Ltd 0.20
Equity Kotak Pension Opportunities Fund Equity Kotak Group Balanced Fund
UltraTech Cement Ltd 1.48 HCL Technologies Ltd 0.72
State Bank of India 1.39 Pidilite Industries Ltd 0.72
Nestle (India) Ltd 1.32 Coromandel International Ltd 0.68
ICICI Lombard General Insurance Company Ltd 1.20 Page Industries Ltd 0.62
Cipla Ltd 1.19 Indraprastha Gas Ltd 0.61
Britannia Industries Ltd 1.03 Bharat Petroleum Corporation Ltd 0.61
National Thermal Power Corporation Ltd 1.00 The Ramco Cements Ltd 0.58
Tech Mahindra Ltd 0.92 HDFC Standard Life Insurance Company Ltd 0.56
Hindalco Industries Ltd 0.87 Dixon Technologies India Ltd 0.53
Shree Cement Ltd 0.86 Kajaria Ceramics Ltd 0.52
Bharat Petroleum Corporation Ltd 0.81 Supreme Industries Ltd 0.51
Hero Honda Motors Ltd 0.80 ICICI Lombard General Insurance Company Ltd 0.50
JK Cement Limited 0.70 J B Chemicals & Pharmaceuticals Ltd 0.48
HDFC Standard Life Insurance Company Ltd 0.70 Indiamart Intermesh Ltd 0.48
Eicher Motors Ltd 0.64 Emami Ltd 0.47
Supreme Industries Ltd 0.54 Max Financial Services Ltd 0.45
Brigade Enterprises Ltd 0.51 Alkem Laboratories Ltd 0.44
I T C Ltd 0.21 Brigade Enterprises Ltd 0.43
Mahindra & Mahindra Financial Services Ltd 0.42
Tata Steel Ltd 0.42
Equity Pension Guarantee Fund ICICI Prudential Bank ETF Nifty Bank Index 0.40
Others 13.78
ICICI Prudential IT ETF 0.37
Divis Laboratories Ltd 0.78
I T C Ltd 0.36
Bajaj Auto Ltd 0.70
Power Grid Corporation of India Ltd 0.69
Cadila Healthcare Ltd 0.33
National Thermal Power Corporation Ltd 0.69
Aavas Financiers Ltd 0.33
AU Small Finance Bank Ltd 0.33
Cipla Ltd 0.66
Aurobindo Pharma Ltd 0.31
State Bank of India 0.66
Hero Honda Motors Ltd 0.64
Jindal Steel and Power Ltd 0.29
J S W Steel Ltd 0.61
Tata Global Beverages Ltd 0.25
Lux Industries Limited 0.25
Eicher Motors Ltd 0.56
Tata Steel Ltd 0.54
Greenply Industries Ltd 0.22
Oil & Natural Gas Corporation Ltd 0.54
Somany Ceramics Ltd 0.21
Adani Ports and Special Economic Zone Ltd 0.50
P N C Infratech Ltd 0.16
Wipro Ltd 0.45
Grasim Industries Ltd 0.43
United Breweries LTD 0.15
Tata Motors Ltd 0.37
Bajaj Finserv Ltd 0.34
Cipla Ltd 0.0003
HDFC Standard Life Insurance Company Ltd 0.33
GAIL (India) Ltd 0.33
IndusInd Bank Ltd 0.32
UPL Ltd 0.30
SBI Life Insurance Company Ltd 0.22
Indian Oil Corporation Ltd 0.22
Coal India Ltd 0.18
Disclaimer
Disclaimer :
Though document is thoroughly researched & prepared by our fund experts, Kotak Mahindra Life Insurance Company Ltd however makes no warranties, repre-
sentations, promises or statements that the information contained herein is clear, correct, precise or accurate. This document has been prepared for the purpose
of providing an overview of KLI funds without taking account of any particular investor’s objectives, financial situation or needs. You are therefore requested not
to substitute this document with any professional opinion/advice and to use your discretion basis your financial objectives.
Risk factors :
• Unit Linked Life Insurance Products are different from traditional insurance products and are subject to the risk factors.
• The premium paid in Unit Linked Life Insurance Products are subject to investment risk associated with capital markets and the NAVs of the units may go
up or down based on the performance of the fund and factors influencing the capital market and insured is responsible for his/her decisions.
• Kotak Life Insurance is only the name of the Insurance Company and the specified Unit Linked funds do not in any way indicate the quality of the contract,
its future prospects or returns.
• Please know the associated risks and the applicable charges from your insurance agent or the intermediary or policy document of the insurer.
• Past performance of any of the funds is not indicative of their future prospects or returns.
About Us :
Kotak Mahindra Life Insurance Company Ltd.
Kotak Mahindra Life Insurance Company Limited (Kotak Life Insurance) is a 100% owned subsidiary of Kotak Mahindra Bank (Kotak). Kotak Life Insurance
provides world-class insurance products with high customer empathy. Its product suite leverages the combined prowess of protection and long term savings.
Kotak Life Insurance is one of the fastest growing insurance companies in India and has covered over several million lives. For more information, please visit the
company’s website at https://insurance.kotak.com
Kotak Mahindra Group

Established in 1985, Kotak Mahindra Group is one of India’s leading financial services conglomerate. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the
Group’s flagship company, received banking license from the Reserve Bank of India (RBI), becoming the first nonbanking finance company in India to convert into
a bank - Kotak Mahindra Bank Ltd. The Group offers a wide range of financial services that encompass every sphere of life. From commercial banking, to stock
broking, mutual funds, insurance and investment banking, the Group caters to the diverse financial needs of individuals and the corporate sector. The Group has
a wide distribution network through branches and franchisees across India, and International Business Units. For more information, please visit the company’s
website at www.kotak.com
Trade Logo Disclaimer

Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.
Kotak Mahindra Life Insurance Company Ltd; Regn. No.: 107, CIN: U66030MH2000PLC128503, Regd. Office: 2nd Floor, Plot # C- 12, G- Block, BKC, Bandra
(E), Mumbai - 400 051.
Website: https://insurance.kotak.com Email:clientservicedesk@kotak.com I Toll Free No. – 1800 209 8800

Kotak Life Individual January 2021

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JANUARY 2021

YOUR INVESTMENT PERFORMANCE

Click on the Fund Name for details

KOTAK GUARANTEED GROWTH FUND

Click on the Fund Name for details

Month Gone By – Markets

1mth 1yr 5yr (CAGR)

Equity Market Outlook

Nifty P/E Peak Min Average

• Fiscal Stimulus: In a virtual pre-budget consultation meeting, representatives of India

• Privatization: Government expressed confidence of completing divestments of BPCL

Debt Market Outlook

10-Year India G-Sec Yield (%)

Funds available with insurance plans launched Prior to Sept. 1, 2010.

1 month 1.1 1.0 6.3 6.1 6.5 4.5

Funds available with insurance plans launched Prior to Sept. 1, 2010.

KOTAK GROUP PLANS

1 month 0.8 3.8 0.6 0.6 0.5 -0.1 0.6 1.7

KOTAK FIXED MATURITY PLANS KOTAK PRIVILEDEGE ASSURANCE PLANS

1 month 0.4 1 month -0.1

NO. OF FUNDS MANAGED BY FUND MANAGER

Mr. Hemant Kanawala – Head Equities

Mr. Rohit Agarwal– Equity Fund Manager

Mr. Gajendra Manavalan – Debt Fund Manager

Classic Opportunities Fund ü ü ü ü ü ü

Frontline Equity Fund ü ü ü ü ü ü

Dynamic Bond Fund ü ü ü ü ü ü

Dynamic Floating Rate Fund ü ü r ü ü r

Money Market Fund ü ü ü ü ü ü

Dynamic Gilt Fund ü ü ü ü ü r

Discontinued Policy Fund ü ü ü ü ü ü

*currently active plans

CLASSIC OPPORTUNITIES FRONTLINE EQUITY DYNAMIC FLOOR BALANCED

KOTAK OPPORTUNITIES KOTAK AGGRESSIVE GUARANTEE MONEY MARKET

KOTAK DYNAMIC DYNAMIC FLOOR KOTAK DYNAMIC KOTAK DYNAMIC

KOTAK DYNAMIC KOTAK DYNAMIC KOTAK GUARANTEED KOTAK GAURANTEED

PENSION CLASSIC KOTAK PENSION PENSION FRONTLINE PENSION GUARANTEE

KOTAK PENSION KOTAK PENSION PENSION FLOOR KOTAK PENSION

PENSION BALANCED KOTAK PENSION KOTAK PENSION KOTAK PENSION

PENSION MONEY KOTAK ADVANTAGE DISCONTINUED

Date of Inception Portfolio Debt Ratings Profile (%)

Mfg of coke and refined

1 year 14.2 16.3 Mfg of motor vehicles,

3 years 6.9 8.1 Civil engineering 3.10

4 years 13.3 13.9

6 years 10.5 9.5

10 years 10.7 8.9 Others 15.40

Inception 12.0 9.7

Date of Inception Portfolio Debt Ratings Profile (%)

Mfg of chemicals and

3 months 22.5 23.8

3 years 8.4 8.5 Telecommunications 3.28

4 years 13.9 13.9

6 years 10.9 9.1

7 years 14.5 12.1

10 years 10.5 8.7 Others 8.99

Inception 11.3 9.4

Date of Inception Portfolio Debt Ratings Profile (%)

Reliance Industries Ltd 1.13 Sovereign

Gsec / 8.54% REC - 15.11.2028 2.30 Govt. of India 46.88

7 years 7.3 11.1 Mfg of other non-metallic

Inception 6.3 9.3 Others 4.45