half yearly portfolio of the schemes / plans as on 30

1

Half Yearly Portfolio of the Schemes / Plans as on 30th September, 2016 (Unaudited)

Registered Address: 27 BKC, Plot No. C-27, G-Block, Bandra Kurla Complex, Bandra East, Mumbai - 400 051. • Telephone: 022-6638-4400 • E-mail: [email protected] • Website: www.assetmanagement.kotak.comInvestors are requested to note that the soft copy of the half yearly unaudited financial results of the Schemes for the period ended 30th September, 2016 have been disclosed on the website of the Mutual Fund (mutualfund.kotak.com).The unaudited financial results and portfolio of schemes for the period ended on that date, together with the notes thereto, were approved by the Board of Kotak Mahindra Trustee Company Limited and by the Board of Kotak MahindraAsset Management Company Limited at their meetings held on 27th October, 2016 and 26th October, 2016 respectively.

Kotak Treasury Advantage Fund (continued)Market Value % to Net

Name of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) Assets

3. (^) Party blocked against Interest Rate Swap (IRS)4. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company

Limited in accordance with guidelines on valuation of securities for mutual funds issued by the Securities andExchange board of India and approved by the Trustees.

5. Hedging Positions through swaps as on 30 September 2016 in Underlying 1.43% HDFC Bank Ltd 28/03/2017 (L)of Notional Value Rs. 1,000,000,000 Pay Fixed (Swap residual maturity 104 days) & Receive Floating (Daily Reset)

6. Hedging Positions through swaps as on 30 September 2016 in Underlying 8.70% L&T Finance Ltd Sr.H -20/07/2018 (L) of Notional Value Rs. 2,000,000,000 Pay Fixed (Swap residual maturity 76 days) & Receive Floating(Daily Reset)

7. Hedging Positions through swaps as on 30 September 2016 in Underlying 8.40% Bharti Enterprises (Holding)Pvt LTD 09/05/2017 & 9.40% Nabha Power Ltd.17/10/2017 of Notional Value Rs. 5,000,000,000 Pay Fixed (Swapresidual maturity 81 days) & Receive Floating (Daily Reset)

8. Hedging Positions through swaps as on 30 September 2016 in Underlying 8.73% Kotak Mahindra Investments Ltd20/06/2018 (L) & 9.00% India Bulls Hsg Fin 20/06/2018 of Notional Value Rs. 1,500,000,000 Pay Fixed (Swapresidual maturity 43 days) & Receive Floating (Daily Reset)

9. Hedging Positions through swaps as on 30 September 2016 in Underlying 7.70% Tata Power 02-Aug-2019 P/C04-Aug-2017 (L) of Notional Value Rs. 2,500,000,000 Pay Fixed (Swap residual maturity 49 days) & ReceiveFloating (Daily Reset)

10. Hedging Positions through swaps as on 30 September 2016 in Underlying 9.85%Shriram Trans.Fina.Co.Ltd 15/07/2017 (L), 9.11295% Fullerton India Credit Co.Ltd. 17/07/2017 (L) & 8.40% Bharti Enterprises (Holding) PvtLTD 09/05/2017 of Notional Value Rs. 3,000,000,000 Pay Fixed (Swap residual maturity 46 days) & ReceiveFloating (Daily Reset)

Kotak Hybrid Fixed Term Plan-Series 2

Industry / Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsEquity & Equity relatedListed/Awaiting listing onStock ExchangeMaruti Suzuki India Limited INE585B01010 Auto 3913 214.33 2.06Larsen and Toubro Ltd. INE018A01030 Construction Project 8281 118.68 1.14HDFC Ltd. INE001A01036 Finance 7986 111.28 1.07Tata Motors Ltd. INE155A01022 Auto 20589 110.12 1.06Reliance Industries Ltd. INE002A01018 Petroleum Products 9483 102.77 0.99ICICI Bank Ltd. INE090A01021 Banks 37600 94.81 0.91Hero MotoCorp Ltd. INE158A01026 Auto 1988 67.86 0.65HDFC Bank Ltd. INE040A01026 Banks 4900 62.37 0.60AXIS Bank Ltd. INE238A01034 Banks 11375 61.58 0.59IndusInd Bank Ltd. INE095A01012 Banks 4986 59.63 0.57Lupin Ltd. INE326A01037 Pharmaceuticals 3587 53.31 0.51HCL Technologies Ltd. INE860A01027 Software 6340 50.71 0.49Hindustan Unilever Ltd. INE030A01027 Consumer Non Durables 5509 47.81 0.46Asian Paints (India) Ltd. INE021A01026 Consumer Non Durables 3830 44.45 0.43Bharat Petroleum Corporation Ltd. INE029A01011 Petroleum Products 7206 44.14 0.43Tata Steel Limited INE081A01012 Ferrous Metals 11166 41.79 0.40State Bank of India. INE062A01020 Banks 16390 41.18 0.40Dr.Reddy's Laboratories Ltd. INE089A01023 Pharmaceuticals 1306 40.58 0.39ITC Ltd. INE154A01025 Consumer Non Durables 16113 38.89 0.37Infosys Ltd. INE009A01021 Software 3620 37.51 0.36Tata Consultancy Services Ltd. INE467B01029 Software 1414 34.37 0.33Sun Pharmaceutical Industries Ltd. INE044A01036 Pharmaceuticals 4373 32.48 0.31Wipro Ltd. INE075A01022 Software 6298 30.16 0.29Bank of Baroda INE028A01039 Banks 12385 20.73 0.20Ultratech Cement Ltd. INE481G01011 Cement 513 19.76 0.19Oil And Natural Gas Corporation Ltd. INE213A01029 Oil 6764 17.36 0.17Ambuja Cements Ltd. INE079A01024 Cement 5728 14.42 0.14Mahindra & Mahindra Ltd. INE101A01026 Auto 1016 14.28 0.14NMDC Ltd. INE584A01023 Minerals/Mining 13149 13.91 0.13GAIL (India) Ltd. INE129A01019 Gas 3532 13.23 0.13Vedanta Ltd. INE205A01025 Minerals/Mining 7345 12.64 0.12National Thermal Power Corporation Ltd. INE733E01010 Power 8125 12.03 0.12Punjab National Bank INE160A01022 Banks 6710 9.44 0.09Bharti Airtel Ltd. INE397D01024 Telecom - Services 2867 9.00 0.09Hindalco Industries Ltd. INE038A01020 Non - Ferrous Metals 5561 8.49 0.08DLF Limited INE271C01023 Construction 5440 7.95 0.08ACC Ltd. INE012A01025 Cement 472 7.55 0.07IDFC Bank Limited INE092T01019 Banks 9356 7.47 0.07IDFC Limited INE043D01016 Finance 9356 6.29 0.06Coal India Limited INE522F01014 Minerals/Mining 1662 5.36 0.05Bajaj Auto Ltd. INE917I01010 Auto 104 2.94 0.03Power Grid Corporation of India Ltd. INE752E01010 Power 1460 2.58 0.02Jindal Steel & Power Ltd. INE749A01030 Ferrous Metals 1683 1.28 0.01Bharat Heavy Electricals Ltd. INE257A01026 Industrial Capital Goods 642 0.86 0.01Cipla Ltd. INE059A01026 Pharmaceuticals 106 0.61 0.01Total 1,748.99 16.82Debt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock ExchangeZCB Tata Motors Finance Ltd. INE909H07AY6 CRISIL AA 100 1,303.52 12.559.23% IDFC Bank Limited INE092T08832 ICRA AAA 120 1,205.14 11.60ZCB Kotak Mahindra Prime Ltd. INE916DA7BS4 CRISIL AAA 107 1,047.35 10.089.75% HDFC Ltd. INE001A07ME4 CRISIL AAA 100 1,005.86 9.689.25% Power Grid INE752E07JC4 CRISIL AAA 80 1,005.15 9.68Corporation of India Ltd.9.64% Power Finance Corporation Ltd. INE134E08DZ7 CRISIL AAA 100 1,004.95 9.688.85% Rural Electrification INE020B07CQ7 CRISIL AAA 50 502.53 4.84Corporation Ltd.10.20% Aditya Birla Finance Ltd. INE860H07391 FITCH IND AA+ 25 251.71 2.42Total 7,326.21 70.53Collateral Borrowing & Lending obligation 949.70 9.14Total 949.70 9.14Net Current Assets/(Liabilities) 361.32 3.51Grand Total 10,386.22 100.00Notes:1. Average Maturity of the portfolio : 0.20 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company


Kotak Capital Protection Oriented Scheme Series 4

Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange8.65% Kotak Mahindra Prime Ltd. INE916DA7LK0 CRISIL AAA 60 610.59 9.828.46% HDFC Ltd. INE001A07PD9 CRISIL AAA 5 507.09 8.168.10% Reliance Jio Infocomm Limited INE110L07062 CRISIL AAA 50 503.91 8.117.65% National Bank for Agriculture INE261F08634 CRISIL AAA 50 501.88 8.07and Rural DevelopmentTotal 2,123.47 34.16Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.21% Government Stock - 2019 IN2920150389 SOV 1678000 1,719.54 27.668.39% Government Stock - 2019 IN2920150280 SOV 500000 514.16 8.27Total 2,233.70 35.93Collateral Borrowing & Lending obligation 1,794.43 28.87Total 1,794.43 28.87Net Current Assets/(Liabilities) 64.65 1.04Grand Total 6,216.25 100.00Notes :1. Average Maturity of the portfolio : 1.66 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company


Kotak NV 20 ETF

Market Value % to NetName of Instrument ISIN Code Industry Quantity (Rs.in Lakhs) AssetsEquity & Equity relatedListed/Awaiting listing onStock ExchangeInfosys Ltd. INE009A01021 Software 1576 16.33 15.40Reliance Industries Ltd. INE002A01018 Petroleum Products 1335 14.47 13.64ICICI Bank Ltd. INE090A01021 Banks 4697 11.84 11.17Tata Consultancy Services Ltd. INE467B01029 Software 429 10.43 9.83AXIS Bank Ltd. INE238A01034 Banks 1349 7.30 6.89State Bank of India. INE062A01020 Banks 2507 6.30 5.94Hindustan Unilever Ltd. INE030A01027 Consumer 577 5.01 4.72

Non DurablesOil And Natural Gas Corporation Ltd. INE213A01029 Oil 1450 3.72 3.51HCL Technologies Ltd. INE860A01027 Software 456 3.65 3.44Hero MotoCorp Ltd. INE158A01026 Auto 103 3.52 3.32Bharti Airtel Ltd. INE397D01024 Telecom - Services 1065 3.34 3.15Coal India Limited INE522F01014 Minerals/Mining 1020 3.29 3.10Bajaj Auto Ltd. INE917I01010 Auto 110 3.11 2.93National Thermal Power Corporation Ltd. INE733E01010 Power 1997 2.96 2.79Bharat Petroleum Corporation Ltd. INE029A01011 Petroleum Products 420 2.57 2.43Wipro Ltd. INE075A01022 Software 518 2.48 2.34Tata Steel Limited INE081A01012 Ferrous Metals 541 2.02 1.91GAIL (India) Ltd. INE129A01019 Gas 379 1.42 1.34Bank of Baroda INE028A01039 Banks 763 1.28 1.20Punjab National Bank INE160A01022 Banks 602 0.85 0.80Total 105.89 99.85Net Current Assets/ (Liabilities) 0.16 0.15Grand Total 106.05 100.00Notes :1. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.

Kotak Flexi Debt

Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange9.00% Mahindra & Mahindra INE774D08MA6 CARE AAA 800000 8,201.78 6.65Financial Services Ltd.8.47% PNB Housing Finance Ltd. INE572E09361 CARE AAA 750 7,700.13 6.247.50% Power Finance Corporation Ltd. INE134E08IH4 CRISIL AAA 600 6,013.71 4.878.85% Bajaj Finance Limited INE296A08771 CARE AAA 350 3,581.21 2.908.40% Canara Bank INE476A08050 CRISIL AAA 250 2,607.34 2.117.95% HDFC Bank Ltd. INE040A08369 CRISIL AAA 250 2,545.09 2.068.32% Reliance Jio Infocomm Limited INE110L07070 CRISIL AAA 250 2,542.21 2.069.00% Reliance Jio Infocomm Limited INE110L08060 CRISIL AAA 200 2,113.19 1.711.43% HDFC Ltd. INE001A07OC4 CRISIL AAA 7 681.54 0.55ZCB LIC Housing Finance Ltd. INE115A07EQ3 CRISIL AAA 45 612.55 0.508.33% Indian Railway Finance Corporation Ltd. INE053F07850 CRISIL AAA 50 511.89 0.418.25% National Bank for Agriculture INE261F08493 CRISIL AAA 50 508.38 0.41and Rural Development8.65% Indiabulls Housing Finance Ltd. INE148I07FL5 CARE AAA 50 500.56 0.419.62% LIC Housing Finance Ltd. INE115A07BZ0 CRISIL AAA 40 402.72 0.339.65% HDFC Ltd. INE001A07MH7 CRISIL AAA 35 362.95 0.299.85% Shriram Transport Finance Co Ltd. INE721A07HH0 CRISIL AA+ 30000 303.43 0.259.75% HDFC Ltd. INE001A07HN5 CRISIL AAA 23 231.02 0.197.95% Power Finance Corporation Ltd. INE134E08IF8 CRISIL AAA 20 202.51 0.169.15% SP Jammu Udhampur Highway Ltd. INE923L07225 ICRA AAA 15 159.16 0.13 (backed by unconditional and irrevocableguarantee of Shapoorji Pallonji & Co Pvt.Ltd.)9.00% Export-Import Bank of India. INE514E08AP7 CRISIL AAA 15 155.60 0.139.75% Rural Electrification Corporation Ltd. INE020B08641 CRISIL AAA 4 43.86 0.04Total 39,980.83 32.40Government Dated SecuritiesListed/Awaiting listing onStock Exchange7.59% Government Stock - 2026 IN0020150093 SOV 10000000 10,424.95 8.458.53% Government Stock - 2022 IN2820150174 SOV 7500000 7,851.62 6.367.73% Government Stock - 2034 IN0020150051 SOV 6500000 6,899.15 5.598.26% Government Stock - 2022 IN3320160069 SOV 5000000 5,178.04 4.207.59% Government Stock - 2029 IN0020150069 SOV 3500000 3,664.22 2.978.27% Government Stock - 2023 IN2920160099 SOV 3000000 3,126.66 2.538.53% Government Stock - 2022 IN3720150082 SOV 2684000 2,809.83 2.281.44% Government Stock - 2023 IN0020130046 SOV 2500000 2,521.16 2.048.45% Government Stock - 2023 IN2820150182 SOV 2130000 2,236.88 1.818.52% Government Stock - 2018 IN3420080027 SOV 1000000 1,022.99 0.838.00% Government Stock - 2018 IN2020070081 SOV 750000 759.66 0.628.39% Government Stock - 2018 IN2920150272 SOV 700000 712.24 0.589.40% Government Stock - 2018 IN1020080017 SOV 200000 207.66 0.178.25% Government Stock - 2018 IN3320070045 SOV 150000 152.40 0.12Total 47,567.46 38.55Privately placed / Unlisted10.35% Mandava Holdings Pvt. Ltd. INE689L07057 ICRA AAA 30 2,977.35 2.41 (backed by unconditional and irrevocableundertaking by Axis Capital )Total 2,977.35 2.41Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)CP Muthoot Finance Ltd. INE414G14DW3 CRISIL A1+ 500 2,460.83 1.99Total 2,460.83 1.99Collateral Borrowing & Lending obligation 2,444.22 1.98Total 2,444.22 1.98Reverse RepoSankhya Financial Services Pvt. Ltd. 925.29 0.75Total 925.29 0.75Net Current Assets/(Liabilities) 27,062.02 21.92Grand Total 123,418.00 100.00Notes :1. Average Maturity of the portfolio : 5.43 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company


Kotak Global Emerging Market Fund

Market Value % to NetName of Instrument ISIN Code Industry Quantity (Rs.in Lakhs) AssetsOverseas Mutual Fund UnitsListed/Awaiting listing onStock Exchangeishares MSCI Emerging Markets ETF IE00B0M63177 Exchange 27620 648.82 21.04

Traded FundTotal 648.82 21.04Privately placed / UnlistedMGF Asian Small Equity Fund Class I LU0706269932 Mutual 2363424.954 2,318.75 75.19

Fund UnitsTotal 2,318.75 75.19Collateral Borrowing & Lending obligation 109.97 3.57Total 109.97 3.57Net Current Assets/(Liabilities) 6.16 0.20Grand Total 3,083.70 100.00Notes :1. Total value of illiquid equity shares and percentage to Net Assets : Nil2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.

Kotak Treasury Advantage FundMarket Value % to Net

Name of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange7.70% Tata Power Company Ltd.(^) INE245A08083 ICRA AA 2600 26,023.87 5.471.43% HDFC Ltd.(^) INE001A07OC4 CRISIL AAA 208 20,251.34 4.268.70% L & T Finance Limited(^) INE523E07DQ2 CARE AA+ 800 20,109.36 4.239.85% Shriram Transport INE721A07HH0 CRISIL AA+ 1878000 18,994.67 4.00Finance Co Ltd.(^)ZCB Tata Motors Finance Ltd. INE909H07CU0 CRISIL AA 1500 15,652.80 3.299.11% Fullerton India Credit Co. Ltd.(^) INE535H07654 CARE AAA 1197 12,056.24 2.548.33% Export-Import Bank of India. INE514E08EY1 CRISIL AAA 1000 10,053.87 2.118.25% Kotak Mahindra Investments Ltd.(^) INE975F07FC6 CRISIL AAA 1000 10,026.68 2.119.40% Nabha Power Ltd. (backed by INE445L08177 ICRA AAA 950 9,675.22 2.04unconditional and irrevocable guaranteeby Larsen & Toubro Ltd.) (^)8.78% Kotak Mahindra Prime Ltd. INE916DA7IQ3 CRISIL AAA 900 9,082.83 1.919.00% Indiabulls Housing Finance Ltd. (^) INE148I07EY1 CARE AAA 860 8,610.43 1.81FRD Shriram Transport Finance Co. Ltd. INE721A07HP3 FITCH IND AA+ 550 5,547.36 1.178.13% Tata Motors Ltd. INE155A08290 CARE AA+ 500 5,038.50 1.068.05% Small Industries Development INE556F09544 CARE AAA 500 5,019.90 1.06Bank of India.9.50% India Infoline Housing Finance Ltd. INE477L07610 ICRA AA 500 5,007.64 1.059.25% Rural Electrification Corporation Ltd. INE020B08773 CRISIL AAA 320 3,254.93 0.688.54% Mahindra & Mahindra INE774D07NS8 FITCH 250 2,517.82 0.53Financial Services Ltd. IND AAA8.32% Nabha Power Ltd. (backed by INE445L08268 ICRA AAA 230 2,324.79 0.49unconditional and irrevocable guarantee byLarsen & Toubro Ltd .)9.30% Piramal Enterprises Limited INE140A08ST3 ICRA AA 210 2,107.74 0.448.65% Indiabulls Housing Finance Ltd. INE148I07FL5 CARE AAA 150 1,501.67 0.329.63% Export-Import Bank of India. INE514E08DE5 CRISIL AAA 135 1,410.64 0.308.12% Power Finance Corporation Ltd. INE134E08HS3 CRISIL AAA 110 1,105.68 0.238.90% SP Jammu Udhampur Highway Ltd. INE923L07043 ICRA AAA 109 1,097.86 0.23(backed by unconditional and irrevocableguarantee of Shapoorji Pallonji & Co Pvt Ltd .)9.27% Power Finance Corporation Ltd. INE134E08EW2 CRISIL AAA 105 1,067.31 0.228.58% HDFC Ltd. INE001A07LJ5 CRISIL AAA 100 1,011.36 0.218.90% SP Jammu Udhampur Highway Ltd. INE923L07035 ICRA AAA 100 1,002.62 0.21(backed by unconditional and irrevocableguarantee of Shapoorji Pallonji & Co Pvt. Ltd .)8.05% National Bank for Agriculture INE261F08576 CRISIL AAA 94 943.69 0.20and Rural Development8.95% Nabha Power Ltd. (backed by INE445L08185 ICRA AAA 90 916.43 0.19unconditional and irrevocable guaranteeby Larsen & Toubro Ltd.)9.40% Nabha Power Ltd. (backed by INE445L08151 ICRA AAA(SO) 90 915.74 0.19unconditional and irrevocable guaranteeby Larsen & Toubro Ltd.)9.25% Power Grid Corporation of India Ltd. INE752E07JE0 CRISIL AAA 40 519.32 0.118.55% Indian Railway Finance INE053F09FU0 CRISIL AAA 50 514.64 0.11Corporation Ltd.9.23% Cholamandalam Investment INE121A07KG9 ICRA AA 50 511.45 0.11and Finance Company Ltd.11.15% India Infoline Finance Ltd. INE866I07651 CARE AA 50 505.27 0.118.85% East-North Interconnection Co. Ltd. INE556S07012 CRISIL AAA(SO) 150 376.08 0.08ZCB National Bank for Agriculture INE261F09EW8 CRISIL AAA 2000 341.39 0.07and Rural Development8.80% L & T Finance Limited INE523E07BJ1 CARE AA+ 12 301.47 0.068.85% East-North Interconnection Co. Ltd. INE556S07020 CRISIL AAA(SO) 100 300.68 0.069.10% SP Jammu Udhampur Highway Ltd. INE923L07068 ICRA AAA 20 202.30 0.04 (backed by unconditional and irrevocableguarantee of Shapoorji Pallonji & Co Pvt. Ltd.)8.80% Tata Capital Housing Finance Ltd. INE033L07CG0 CRISIL AA+ 20 200.92 0.048.70% Rural Electrification Corporation Ltd. INE020B08815 CRISIL AAA 10 101.64 0.028.35% LIC Housing Finance Ltd. INE115A07ID2 CRISIL AAA 1 10.14 #Total 206,214.29 43.36Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.75% Government Stock - 2017 IN1720120055 SOV 3000000 3,053.53 0.645.90% Government Stock - 2017 IN1320030068 SOV 3000000 2,990.66 0.63Total 6,044.19 1.27Privately placed / Unlisted8.40% Bharti enterprises (Holding) Pvt. Ltd.(̂ ) INE453T08018 CRISIL A1+ 4660 46,624.23 9.8111.75% Karelides Traders Private Ltd. INE479R07027 ICRA AA- 560 5,619.29 1.18(backed by unconditional and irrevocableundertaking by a wholly ownedsubsidiary of Piramal Enterprises Ltd.)FRD Shriram Transport Finance Co Ltd. INE721A07JB9 FITCH IND AA+ 500 5,021.97 1.0610.35% Mandava Holdings Pvt. Ltd. INE689L07057 ICRA AAA 12 1,149.01 0.24(backed by unconditional andirrevocable undertaking by Axis Capital)9.75% Shapoorji Pallonji INE170M08039 ICRA AA(SO) 3 304.54 0.06Energy Gujarat Private Limited(backed by unconditional and irrevocableguarantee of Shapoorji Pallonji & Co Pvt. Ltd.)9.66% Tata Sons Ltd. INE895D08535 CRISIL AAA 8 81.36 0.029.68% Tata Sons Ltd. INE895D08501 CRISIL AAA 5 50.83 0.01Total 58,851.23 12.38Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CP Tata Power Company Ltd. INE245A14511 ICRA A1+ 5500 26,756.35 5.63CP Piramal Enterprises Limited INE140A14LQ2 ICRA A1+ 3890 18,463.22 3.88CP PNB Housing Finance Ltd. INE572E14AY5 CRISIL A1+ 3500 16,393.27 3.45CD AXIS Bank Ltd. INE238A16L53 CRISIL A1+ 15000 14,615.63 3.07CD AXIS Bank Ltd. INE238A16M45 CRISIL A1+ 15000 14,277.02 3.00CP Bahadur Chand Investments Pvt. Ltd. INE087M14025 ICRA A1+ 2600 12,397.62 2.61CD AXIS Bank Ltd. INE238A16G84 CRISIL A1+ 10000 9,777.27 2.06CP Manappuram Finance Ltd. INE522D14EM9 CRISIL A1+ 2000 9,467.83 1.99CP Piramal Enterprises Limited INE140A14MH9 ICRA A1+ 1500 7,322.90 1.54CD Corporation Bank INE112A16KQ8 CRISIL A1+ 7500 7,045.85 1.48CD Andhra Bank INE434A16NV0 CARE A1+ 7400 6,995.80 1.47CD AXIS Bank Ltd. INE238A16M94 CRISIL A1+ 6500 6,164.93 1.30CD State Bank of Patiala INE652A16LE7 ICRA A1+ 5000 4,910.54 1.03CD ICICI Bank Ltd. INE090A164F6 CRISIL A1+ 5000 4,862.43 1.02CP Adani Transmission Ltd. INE931S14518 FITCH IND A1+ 1000 4,852.75 1.02CP Suraksha Realty Ltd. (Secured by INE959P14184 CARE A1+(SO) 700 3,486.38 0.73Equity shares ofSun Pharmaceuticals Industries Ltd .)CP Muthoot Finance Ltd. INE414G14DW3 CRISIL A1+ 500 2,460.83 0.52CD AXIS Bank Ltd. INE238A16L61 CRISIL A1+ 2500 2,383.40 0.50CD ICICI Bank Ltd. INE090A166H7 ICRA A1+ 2200 2,098.30 0.44CD ICICI Bank Ltd. INE090A168F7 CRISIL A1+ 1500 1,457.68 0.31CD IDBI Bank Ltd. INE008A16K78 CRISIL A1+ 1100 1,074.31 0.23CD AXIS Bank Ltd. INE238A16F51 CRISIL A1+ 1000 989.11 0.21CD Andhra Bank INE434A16MW0 CARE A1+ 1000 972.54 0.20CD Vijaya Bank INE705A16ON8 CRISIL A1+ 500 499.82 0.11CP National Bank for Agriculture INE261F14AS4 CRISIL A1+ 100 497.08 0.10and Rural DevelopmentCD ICICI Bank Ltd. INE090A163E1 ICRA A1+ 500 490.57 0.10CD Export-Import Bank of India. INE514E16AL9 CRISIL A1+ 100 97.62 0.02Total 180,811.05 38.02Collateral Borrowing & Lending obligation 28,275.85 5.95Total 28,275.85 5.95Net Current Assets/(Liabilities) (4,819.36) (0.98)Grand Total 475,377.25 100.00Notes :1. Average Maturity of the portfolio : 0.57 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.

Half Yearly Portfolio of the Schemes / Plans as on 30th September, 2016 (Unaudited) (continued)

2


Industry / Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsEquity & Equity relatedListed/Awaiting listing onStock ExchangeHDFC Bank Ltd. INE040A01026 Banks 25570 325.47 1.83IndusInd Bank Ltd. INE095A01012 Banks 20221 241.83 1.36Infosys Ltd. INE009A01021 Software 21066 218.25 1.22Zee Entertainment Enterprises Ltd. INE256A01028 Media and 39399 215.41 1.21

EntertainmentBharat Petroleum Corporation Ltd. INE029A01011 Petroleum Products 32430 198.67 1.11Maruti Suzuki India Limited INE585B01010 Auto 3290 180.20 1.01Asian Paints(India) Ltd. INE021A01026 Consumer 15084 175.08 0.98

Non DurablesTata Motors Ltd. INE155A01022 Auto 18412 98.48 0.55Britannia Industries Ltd. INE216A01022 Consumer 2786 93.72 0.53

Non DurablesHCL Technologies Ltd. INE860A01027 Software 10766 86.12 0.48Lupin Ltd. INE326A01037 Pharmaceuticals 5720 85.01 0.48Bosch Limited INE323A01026 Auto Ancillaries 335 76.37 0.43Bajaj Auto Ltd. INE917I01010 Auto 2688 76.01 0.43Hindustan Unilever Ltd. INE030A01027 Consumer 8592 74.57 0.42

Non DurablesBajaj Finserv Ltd. INE918I01018 Finance 2289 70.26 0.39Bajaj Finance Limited INE296A01024 Finance 6590 69.58 0.39Tata Consultancy Services Ltd. INE467B01029 Software 2687 65.32 0.37Oil And Natural Gas Corporation Ltd. INE213A01029 Oil 19520 50.10 0.28Ashok Leyland Ltd. INE208A01029 Auto 56908 45.30 0.25Dr.Reddy's Laboratories Ltd. INE089A01023 Pharmaceuticals 1268 39.40 0.22ITC Ltd. INE154A01025 Consumer 10194 24.60 0.14

Non DurablesYES Bank Ltd. INE528G01019 Banks 1620 20.33 0.11Reliance Industries Ltd. INE002A01018 Petroleum Products 1758 19.05 0.11Mahindra & Mahindra Ltd. INE101A01026 Auto 608 8.55 0.05Sun Pharmaceutical Industries Ltd. INE044A01036 Pharmaceuticals 1094 8.13 0.05Grasim Industries Ltd. INE047A01013 Cement 138 6.67 0.04Sun Pharma Advance Research Co. Ltd. INE232I01014 Pharmaceuticals 117 0.37 0.00Total 2,572.85 14.44Debt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange8.65% HDB Financial Services Ltd. INE756I07670 CRISIL AAA 250 2,537.80 14.248.59% Mahindra & Mahindra INE774D07NP4 FITCH IND AAA 250 2,536.11 14.23Financial Services Ltd.8.40% Reliance Jio Infocomm Limited INE110L07021 CRISIL AAA 220 2,226.26 12.498.32% Nabha Power Ltd. (backed by INE445L08268 ICRA AAA 220 2,223.72 12.48unconditional and irrevocable guarantee by Larsen & Toubro Ltd.)8.60% HDFC Ltd. INE001A07OB6 CRISIL AAA 10 1,015.22 5.708.28% Power Finance Corporation Ltd. INE134E08HU9 CRISIL AAA 90 914.39 5.1311.00% Power Finance Corporation Ltd. INE134E08BE6 CRISIL AAA 25 266.05 1.49Total 11,719.55 65.76Government Dated SecuritiesListed/Awaiting listingon Stock Exchange8.39% Government Stock - 2018 IN2920150272 SOV 1433000 1,458.06 8.188.21% Government Stock - 2018 IN2920150371 SOV 678000 688.51 3.86Total 2,146.57 12.04Collateral Borrowing & Lending obligation 909.69 5.10Total 909.69 5.10Net Current Assets/(Liabilities) 474.07 2.66Grand Total 17,822.73 100.00Notes :1. Average Maturity of the portfolio : 1.45 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company


Kotak FMP Series 128

Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange9.84% IOT Utkal Energy Services Ltd. INE310L07217 CRISIL AAA(SO) 203 203.95 12.549.75% HDFC Ltd. INE001A07HN5 CRISIL AAA 20 200.89 12.369.16% HDB Financial Services Ltd. INE756I07506 CRISIL AAA 20 200.35 12.328.97% Airports Authority of India INE309K08011 CRISIL AAA 8 80.04 4.9210.20% L & T Finance Limited INE523E07913 CARE AA+ 1 25.02 1.54Total 710.25 43.68Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.58% Government Stock - 2016 IN1920120038 SOV 200000 200.24 12.328.75% Government Stock - 2016 IN1520120115 SOV 75000 75.19 4.62Total 275.43 16.94Collateral Borrowing & Lending obligation 504.84 31.05Total 504.84 31.05Net Current Assets/(Liabilities) 135.35 8.33Grand Total 1,625.87 100.00Notes :1. Average Maturity of the portfolio : 0.07 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company


Kotak Balance

Industry/ Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsEquity & Equity relatedListed/Awaiting listing onStock ExchangeHDFC Bank Ltd. INE040A01026 Banks 104111 1,325.18 3.02ICICI Bank Ltd. INE090A01021 Banks 442636 1,116.11 2.55Infosys Ltd. INE009A01021 Software 92700 960.42 2.19V. S.T Tillers Tractors Ltd. INE764D01017 Auto 49749 934.39 2.13Maruti Suzuki India Limited INE585B01010 Auto 16900 925.66 2.11IndusInd Bank Ltd. INE095A01012 Banks 75146 898.71 2.05Reliance Industries Ltd. INE002A01018 Petroleum Products 79748 864.23 1.97JK Cement Ltd. INE823G01014 Cement 90392 791.61 1.81Larsen and Toubro Ltd. INE018A01030 Construction Project 54345 778.85 1.78D. B. Corp Limited INE950I01011 Media and 186898 737.97 1.68

EntertainmentICICI Prudential Life Insurance Company Ltd. INE726G01019 Finance 235661 731.14 1.67Fag Bearings India Ltd. INE513A01014 Industrial Products 17148 701.58 1.60Strides Arcolab Ltd. INE939A01011 Pharmaceuticals 68223 686.29 1.57Tata Motors Ltd. INE155A01022 Auto 126899 678.72 1.55State Bank of India. INE062A01020 Banks 267140 671.19 1.53The Ramco Cements Ltd. INE331A01037 Cement 110572 658.35 1.50ITC Ltd. INE154A01025 Consumer 272000 656.47 1.50

Non DurablesShriram Transport Finance Co Ltd. INE721A01013 Finance 54551 634.24 1.45Cipla Ltd. INE059A01026 Pharmaceuticals 103000 597.45 1.36HDFC Ltd. INE001A01036 Finance 42772 596.01 1.36SRF Ltd. INE647A01010 Textile Products 32900 584.86 1.33Whirlpool of India Ltd. INE716A01013 Consumer Durables 56397 573.73 1.31Apollo Hospitals Enterprise Ltd. INE437A01024 Healthcare Services 42669 560.41 1.28AXIS Bank Ltd. INE238A01034 Banks 100000 541.35 1.23Mahindra & Mahindra Ltd. INE101A01026 Auto 35793 503.14 1.15Atul Ltd. INE100A01010 Chemicals 21120 482.45 1.10Motherson Sumi Systems Ltd. INE775A01035 Auto Ancillaries 147000 467.46 1.07Solar Industries India Limited INE343H01029 Chemicals 69415 451.34 1.03Equitas Holdings Ltd. INE988K01017 Finance 257711 450.09 1.03Hindustan Petroleum Corporation Ltd. INE094A01015 Petroleum Products 103134 437.24 1.00Ultratech Cement Ltd. INE481G01011 Cement 11306 435.46 0.99Finolex Cables Ltd. INE235A01022 Industrial Products 95679 422.90 0.96Persistent Systems Limited INE262H01013 Software 58464 374.23 0.85Va Tech Wabag Limited INE956G01038 Engineering Services 67573 371.28 0.85Navkar Corporation Limited INE278M01019 Transportation 192214 357.61 0.82Zee Entertainment Enterprises Ltd INE256A01028 Media and 65000 355.39 0.81

EntertainmentBharat Forge Ltd. INE465A01025 Industrial Products 39000 355.21 0.81Tata Consultancy Services Ltd. INE467B01029 Software 14000 340.31 0.78Carborundum Universal Ltd. INE120A01034 Industrial Products 125000 340.25 0.78HCL Technologies Ltd. INE860A01027 Software 42500 339.96 0.78GNA Axles Ltd. INE934S01014 Auto Ancillaries 147245 336.01 0.77Engineers India Ltd. INE510A01028 Construction Project 130000 322.99 0.74The Indian Hotels Company Ltd. INE053A01029 Hotels 237195 309.42 0.71Kirloskar Oil Engines Ltd. INE146L01010 Industrial Products 87585 292.84 0.67Thermax Ltd. INE152A01029 Industrial 32305 273.04 0.62

Capital GoodsOil And Natural Gas Corporation Ltd. INE213A01029 Oil 102097 262.03 0.60UPL Ltd. INE628A01036 Pesticides 37000 249.32 0.57Adani Port s and Special Economic Zone Ltd. INE742F01042 Transportation 95000 243.91 0.56Voltas Ltd. INE226A01021 Construction Project 62357 236.40 0.54Havells India Ltd. INE176B01034 Consumer Durables 55000 230.01 0.52Ramkrishna Forgings Ltd. INE399G01015 Industrial Products 65299 225.15 0.51Pennar Engineered Building Systems LTd. INE455O01019 Ferrous Metals 117398 201.92 0.46Jubilant Foodworks Limited INE797F01012 Consumer 20023 193.02 0.44

Non DurablesBajaj Finserv Ltd. INE918I01018 Finance 6000 184.17 0.42Bank Of Baroda INE028A01039 Banks 110000 184.14 0.42Colgate- Palmolive (India) Ltd. INE259A01022 Consumer 18128 175.96 0.40

Non DurablesFederal Bank Ltd. INE171A01029 Banks 203200 146.30 0.33Arvind Ltd. INE034A01011 Textile Products 40000 134.84 0.31Lupin Ltd. INE326A01037 Pharmaceuticals 7930 117.86 0.27Mahindra & Mahindra Financial Services Ltd. INE774D01024 Finance 30000 109.29 0.25Total 29,117.86 66.45WarrantsListed/Awaiting listing onStock ExchangeHDFC Ltd. INE001A13031 Finance 131400 217.47 0.50Total 217.47 0.50Debt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange9.14% Konkan Railway Corporation Ltd. INE139F07030 ICRA AAA 150 1,568.21 3.589.90% Kotak Mahindra Bank Ltd. INE166A08032 CRISIL AAA 100 1,090.67 2.4911.25% Syndicate Bank INE667A08062 CARE AA- 50 512.31 1.1710.99% Andhra Bank INE434A08067 CRISIL AA- 50 508.73 1.169.25% LIC Housing Finance Ltd. INE115A07DD3 CRISIL AAA 5 53.24 0.12Total 3,733.16 8.52Government Dated SecuritiesListed/Awaiting listing onStock Exchange7.88% Government Stock - 2030 IN0020150028 SOV 3500000 3,748.24 8.558.06% Government Stock - 2024 IN1620160144 SOV 2500000 2,586.20 5.907.73% Government Stock - 2034 IN0020150051 SOV 2000000 2,122.82 4.848.18% Government Stock - 2023 IN2820160074 SOV 1500000 1,556.26 3.558.29% Government Stock - 2024 IN2920160107 SOV 72000 75.39 0.177.35% Government Stock - 2024 IN0020090034 SOV 9400 9.60 0.02Total 10,098.51 23.03Privately placed / Unlisted9.66% Tata Sons Ltd. INE895D08535 CRISIL AAA 2 20.34 0.05Total 20.34 0.05Collateral Borrowing & Lending obligation 844.73 1.93Total 844.73 1.93Net Current Assets/(Liabilities) (185.30) (0.48)Grand Total 43,846.77 100.00Notes :1. Total value of illiquid equity shares and percentage to Net Assets : Nil2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. Portfolio Turnover Ratio : 29.27%4. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company Limited

in accordance with guidelines on valuation of securities for mutual funds issued by the Securities and Exchange board ofIndia and approved by the Trustees.

5. For the period ended 30th September,2016 other than hedging transactions through options which have already beenexercised/expired are as follows; Total number of contracts entered into 267 Gross Notional Value of contracts 1,501.88 Lacs Net Profit/Loss value on all contracts 1.89 Lacs


Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange10.00% Indostar Capital Finance Pvt. Ltd. INE896L07371 CARE AA- 20 2,028.27 9.449.82% Edelweiss Agri Value Chain Ltd. INE616U07028 CARE AA(SO) 200 2,003.73 9.33(Unconditional and irrevocable guarantee fromEdelweiss Financial Services Limite)10.50% Manappuram Finance Ltd. INE522D07917 CARE AA- 150 1,512.92 7.0410.25% Hinduja Leyland Finance Ltd. INE146O07219 CARE A+ 100 1,005.93 4.6810.50% Manappuram Finance Ltd. INE522D07909 CARE AA- 50 504.31 2.359.77% LIC Housing Finance Ltd. INE115A07EY7 CRISIL AAA 10 104.06 0.48Total 7,159.22 33.32Privately placed / Unlisted9.88% Camden Industries Ltd. (backed INE604U07016 CARE AAA(SO) 240 2,427.39 11.30by unconditional and irrevocableundertaking of Axis Capital )ZCB Continental Drug Company Pvt. Ltd. INE582R07051 BRICKWORK 20 2,101.98 9.79(Secured by Equity shares of BWR A+Zee Entertainment Enterprises Ltd.)10.05% High Point Properties Pvt.Ltd. INE470T08020 ICRA AA(SO) 20 2,026.37 9.43(backed by unconditional and irrevocableguarantee of Shapoorji Pallonji & Co Pvt. Ltd.)9.57% Piramal Enterprises Limited INE140A07146 ICRA AA 200 2,024.52 9.4311.75% Karelides Traders Private Ltd. INE479R07027 ICRA AA- 200 2,006.89 9.34(backed by unconditional and irrevocableundertaking by a wholly owned subsidiaryof Piramal Enterprises Ltd.)10.05% Grand View Estates Pvt. Ltd. INE347N08023 ICRA AA 19 1,921.48 8.95(backed by unconditional and irrevocableguarantee of Shapoorji Pallonji & Co Pvt. Ltd.)ZCB IL & FS Transportation Networks Ltd. INE975G08140 CARE AAA(SO) 200 1,058.66 4.93(Secured by Equity shares of IL & FS Ltd.)Total 13,567.29 63.17Collateral Borrowing & Lending obligation 164.95 0.77Total 164.95 0.77Net Current Assets/(Liabilities) 587.03 2.74Grand Total 21,478.49 100.00Notes:1. Average Maturity of the portfolio : 2.06 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company


Kotak Gold ETF

Market Value % to NetName of Instrument Industry Quantity (Rs.in Lakhs) AssetsEquity & Equity relatedGoldGold Fineness99.5 Gold 15700000 49,884.38 100.06Total 49,884.38 100.06Net Current Assets/(Liabilities) (31.83) (0.06)Grand Total 49,852.55 100.00Notes :1. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.


Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange10.50% Manappuram Finance Ltd. INE522D07917 CARE AA- 470 4,740.50 9.609.82% Edelweiss Agri Value Chain Ltd. INE616U07010 CARE AA(SO) 470 4,708.76 9.53(Unconditional and irrevocable guaranteefrom Edelweiss Financial Services Limite)8.37% Nirchem Cement Ltd. INE548V07013 CRISIL AA 270 2,709.63 5.49(Secured By Nirma Ltd.)10.65% Hinduja Leyland Finance Ltd. INE146O07045 CARE A+ 197 1,996.05 4.04Total 14,154.94 28.66Privately placed / Unlisted10.35% Mandava Holdings Pvt. Ltd. INE689L07057 ICRA AAA 51 4,842.38 9.80(backed by unconditional and irrevocableundertaking by Axis Capital )9.57% Piramal Enterprises Limited INE140A07146 ICRA AA 470 4,757.62 9.6310.32% Grand View Estates Pvt. Ltd. INE347N08031 ICRA AA(SO) 45 4,586.73 9.29(backed by unconditional and irrevocableguarantee of Shapoorji Pallonji & Co Pvt. Ltd. )ZCB IL & FS Transportation Networks Ltd. INE975G08140 CARE AAA(SO) 680 3,599.45 7.29(Secured by Equity shares of IL & FS Ltd.)ZCB Continental Drug Company Pvt. Ltd. INE582R07044 BRICKWORK 33 3,551.26 7.19(Secured by Equity shares of BWR A+(SO)Zee Entertainment Enterprises Ltd.)ZCB Edisons Utility Works Pvt. Ltd. INE097P07070 BRICKWORK 33 3,532.56 7.15(Secured by Equity shares of BWR A+(SO)Zee Entertainment Enterprises Ltd.)11.30% MA Multi Trade Pvt. Ltd. INE311S08044 BRICKWORK 323 3,296.99 6.68(Secured by Equity shares of BWR A+(SO) Bajaj Corp. Ltd. | IDBI Truste)11.30% Bajaj Capital Ventures Pvt. Ltd. INE267U08010 BRICKWORK 260 2,654.11 5.37(Secured by Equity shares of BWR A+(SO)Bajaj Corp. Ltd.)11.75% Karelides Traders Private Ltd. INE479R07027 ICRA AA- 160 1,605.51 3.25(backed by unconditional and irrevocableundertaking by a wholly owned subsidiaryof Piramal Enterprises Ltd.)ZCB Continental Drug Company Pvt. Ltd. INE582R07051 BRICKWORK 13 1,366.29 2.77(Secured by Equity shares of BWR A+Zee Entertainment Enterprises Ltd.)Total 33,792.90 68.42Collateral Borrowing & Lending obligation 219.93 0.45Total 219.93 0.45Net Current Assets/(Liabilities) 1,221.43 2.47Grand Total 49,389.20 100.00Notes :1. Average Maturity of the portfolio : 2.19 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company Limited


Kotak Classic Equity

Market Value % to NetName of Instrument ISIN Code Industry Quantity (Rs.in Lakhs) AssetsEquity & Equity relatedListed/Awaiting listing onStock ExchangeHDFC Bank Ltd. INE040A01026 Banks 58318 742.30 7.89Bharat Petroleum Corporation Ltd. INE029A01011 Petroleum Products 81522 499.40 5.31Grasim Industries Ltd. INE047A01013 Cement 10233 494.92 5.26Asian Paints (India) Ltd. INE021A01026 Consumer Non Durables 41244 478.72 5.09Hero MotoCorp Ltd. INE158A01026 Auto 13312 454.43 4.83ITC Ltd. INE154A01025 Consumer Non Durables 178168 430.01 4.57Infosys Ltd. INE009A01021 Software 38763 401.60 4.27Power Grid Corporation of India Ltd. INE752E01010 Power 211471 373.35 3.97National Thermal Power INE733E01010 Power 194739 288.21 3.06Corporation Ltd.Castrol (India) Ltd. INE172A01027 Petroleum Products 46300 219.90 2.34Bajaj Finance Limited INE296A01024 Finance 18300 193.23 2.05IndusInd Bank Ltd. INE095A01012 Banks 15702 187.79 2.00Reliance Industries Ltd. INE002A01018 Petroleum Products 17075 185.04 1.97Hindustan Unilever Ltd. INE030A01027 Consumer Non Durables 20495 177.87 1.89ACC Ltd. INE012A01025 Cement 10974 175.57 1.87Ambuja Cements Ltd. INE079A01024 Cement 69041 173.81 1.85Petronet LNG Ltd. INE347G01014 Gas 49841 172.15 1.83Zee Entertainment Enterprises Ltd. INE256A01028 Media and Entertainment 30424 166.34 1.77The Ramco Cements Ltd. INE331A01037 Cement 24249 144.38 1.53Eicher Motors Ltd. INE066A01013 Auto 579 143.75 1.53GAIL (India) Ltd. INE129A01019 Gas 37852 141.81 1.51Tata Steel Limited INE081A01012 Ferrous Metals 37841 141.62 1.51Tata Motors Ltd. INE155A01022 Auto 25755 137.75 1.46JSW Steel Ltd. INE019A01020 Ferrous Metals 7957 137.60 1.46RBL Bank Ltd. INE976G01028 Banks 46644 135.83 1.44YES Bank Ltd. INE528G01019 Banks 9084 113.98 1.21Bosch Limited INE323A01026 Auto Ancillaries 494 112.62 1.20Mahindra & Mahindra Ltd. INE101A01026 Auto 7354 103.38 1.10Ultratech Cement Ltd. INE481G01011 Cement 2520 97.06 1.03Larsen and Toubro Ltd. INE018A01030 Construction Project 6125 87.78 0.93Biocon Ltd. INE376G01013 Pharmaceuticals 8901 83.09 0.88Wipro Ltd. INE075A01022 Software 16126 77.24 0.82Hindalco Industries Ltd. INE038A01020 Non - Ferrous Metals 49400 75.43 0.80Dr.Reddy's Laboratories Ltd. INE089A01023 Pharmaceuticals 2166 67.31 0.72GNA Axles Ltd. INE934S01014 Auto Ancillaries 26156 59.69 0.63The Indian Hotels Company Ltd. INE053A01029 Hotels 39650 51.72 0.55Pidilite Industries Ltd. INE318A01026 Chemicals 6266 42.71 0.45HDFC Ltd. INE001A01036 Finance 2873 40.03 0.43ICICI Bank Ltd. INE090A01021 Banks 14806 37.33 0.40Shriram Transport Finance Co Ltd. INE721A01013 Finance 3159 36.73 0.39Vedanta Ltd. INE205A01025 Minerals/Mining 19630 33.77 0.36Lupin Ltd. INE326A01037 Pharmaceuticals 2255 33.51 0.36HCL Technologies Ltd. INE860A01027 Software 3891 31.12 0.33AXIS Bank Ltd. INE238A01034 Banks 5677 30.73 0.33Sun Pharmaceutical Industries Ltd. INE044A01036 Pharmaceuticals 3828 28.43 0.30Bharti Airtel Ltd. INE397D01024 Telecom - Services 7988 25.08 0.27Britannia Industries Ltd. INE216A01022 Consumer Non Durables 583 19.61 0.21Tech Mahindra Ltd. INE669C01036 Software 4516 18.96 0.20Mahindra & Mahindra INE774D01024 Finance 3873 14.11 0.15Financial Services Ltd.Tata Consultancy Services Ltd. INE467B01029 Software 539 13.10 0.14Aditya Birla Nuvo Limited INE069A01017 Services 738 10.06 0.11Bajaj Auto Ltd. INE917I01010 Auto 89 2.52 0.03Maruti Suzuki India Limited INE585B01010 Auto 15 0.82 0.01Total 8,145.30 86.60WarrantsListed/Awaiting listing onStock ExchangeHDFC Ltd. INE001A13031 Finance 65700 108.73 1.16Total 108.73 1.16Other than Hedging Positions through Futures 737.12 7.84Total 737.12 7.84Term Deposits (Placed as margin)Bank DurationKotak Mahindra Bank Ltd. 24 Days 300.00 3.19Total 300.00 3.19Collateral Borrowing & Lending obligation 879.70 9.35Total 879.70 9.35Net Current Assets/(Liabilities) (761.38) (8.14)Grand Total 9,409.47 100.00Notes :1. Total value of illiquid equity shares and percentage to Net Assets : Nil2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. Portfolio Turnover Ratio : 101.64%4. Other than Hedging Positions through Futures as on 30th September, 2016Underlying Long/Short Futures Price Current Price Margin Maintained

When purchased of the Contract in LakhsBajaj Auto Ltd. October 2016 Future Long 2,916.68 2,844.80 13.40ICICI Bank Ltd. October 2016 Future Long 262.10 253.70 29.93IndusInd Bank Ltd. October 2016 Future Long 1,219.77 1,200.15 46.41Maruti Suzuki India Ltd.Oct.2016 Future Long 5,560.30 5,512.45 7.79Nifty October 2016 Future Long 8,775.10 8,640.65 11.78Total %age of existing assets non hedged through futures 7.84%

5. For the period ended 30th September,2016 hedging transactions throughfutures which have been squared off/expired are as follows;Total Number of contracts where futures were bought 7Total Number of contracts where futures were sold 7Gross Notional Value of contracts where futures were bought 88.58 LacsGross Notional Value of contracts where futures were sold 92.88 LacsNet Profit/Loss value on all contracts combined 4.30 Lacs

6. For the period ended 30th September,2016 other than hedging transactionsthrough futures which have been squared off/expired are as follows;Total Number of contracts where futures were bought 1584Total Number of contracts where futures were sold 1996Gross Notional Value of contracts where futures were bought 9,254.96 LacsGross Notional Value of contracts where futures were sold 11,748.86 LacsNet Profit/Loss value on all contracts combined 352.84 Lacs


3

Kotak Equity Arbitrage Fund

Industry/ Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsEquity & Equity relatedListed/Awaiting listing onStock ExchangeGrasim Industries Ltd. INE047A01021 Cement 286050 13,834.95 2.79HDFC Bank Ltd. INE040A01026 Banks 1051500 13,384.02 2.70AXIS Bank Ltd. INE238A01034 Banks 2448000 13,252.25 2.67HDFC Ltd. INE001A01036 Finance 890000 12,401.71 2.50Shriram Transport Finance Co Ltd. INE721A01013 Finance 1036800 12,054.36 2.43United Spirits Ltd INE854D01016 Consumer Non 462750 11,413.50 2.30

DurablesReliance Industries Ltd. INE002A01018 Petroleum Products 962500 10,430.61 2.10IDFC Limited INE043D01016 Finance 14546400 9,775.18 1.97Sun Pharmaceutical Industries Ltd. INE044A01036 Pharmaceuticals 1302600 9,674.41 1.95Tata Motors Ltd. IN9155A01020 Auto 2625000 8,938.13 1.80ICICI Bank Ltd. INE090A01021 Banks 3340000 8,421.81 1.70Indiabulls Housing Finance Limited INE148I01020 Finance 836000 6,917.06 1.39ITC Ltd. INE154A01025 Consumer Non 2616000 6,313.72 1.27

DurablesState Bank of India. INE062A01020 Banks 2457000 6,173.21 1.24UPL Ltd. INE628A01036 Pesticides 814800 5,490.53 1.11Tata Chemicals Ltd. INE092A01019 Chemicals 1011000 5,303.71 1.07Aditya Birla Nuvo Limited INE069A01017 Services 387000 5,276.16 1.06Infosys Ltd. INE009A01021 Software 486000 5,035.20 1.02Pidilite Industries Ltd. INE318A01026 Chemicals 738000 5,030.21 1.01Aurobindo Pharma Ltd. INE406A01037 Pharmaceuticals 571200 4,886.33 0.99Tata Global Beverages Limited INE192A01025 Consumer Non 3393000 4,736.63 0.96

DurablesSKS Microfinance Limited INE180K01011 Finance 529000 4,658.64 0.94Castrol (India) Ltd. INE172A01027 Petroleum Products 978600 4,647.86 0.94Mahindra & Mahindra Ltd. INE101A01026 Auto 283500 3,985.16 0.80JSW Steel Ltd. INE019A01020 Ferrous Metals 222600 3,849.53 0.78Hero MotoCorp Ltd. INE158A01026 Auto 111600 3,809.69 0.77Ashok Leyland Ltd. INE208A01029 Auto 4683000 3,727.67 0.75Britannia Industries Ltd. INE216A01022 Consumer Non 110800 3,727.31 0.75

DurablesIndusInd Bank Ltd. INE095A01012 Banks 293400 3,508.92 0.71Exide Industries Ltd. INE302A01020 Auto Ancillaries 1872000 3,425.76 0.69Cairn India Limited INE910H01017 Oil 1711500 3,423.86 0.69Reliance Infrastructure Ltd. INE036A01016 Power 618800 3,411.14 0.69Bharat Electronics Ltd. INE263A01016 Industrial 271800 3,383.23 0.68

Capital GoodsPower Grid Corporation of India Ltd. INE752E01010 Power 1836000 3,241.46 0.65Tata Steel Limited INE081A01012 Ferrous Metals 828000 3,098.79 0.62Petronet LNG Ltd. INE347G01014 Gas 882000 3,046.43 0.61Tata Communications Ltd. INE151A01013 Telecom - Services 519400 2,937.99 0.59Reliance Power Ltd. INE614G01033 Power 6084000 2,899.03 0.58Reliance Communications Ltd. INE330H01018 Telecom - Services 6170000 2,859.80 0.58YES Bank Ltd. INE528G01019 Banks 213500 2,678.78 0.54Bosch Limited INE323A01026 Auto Ancillaries 11750 2,678.75 0.54Sun TV Network Limited INE424H01027 Media and 528000 2,667.19 0.54

EntertainmentL&T Finance Holdings Ltd. INE498L01015 Finance 2889000 2,647.77 0.53DLF Limited INE271C01023 Construction 1750000 2,557.63 0.52National Thermal Power Corporation Ltd. INE733E01010 Power 1676000 2,480.48 0.50Tata Power Company Ltd. INE245A01021 Power 3222000 2,429.39 0.49Ultratech Cement Ltd. INE481G01011 Cement 61800 2,380.26 0.48Strides Arcolab Ltd. INE939A01011 Pharmaceuticals 236500 2,379.07 0.48Zee Entertainment Enterprises Ltd. INE256A01028 Media and 423800 2,317.13 0.47

EntertainmentDewan Housing Finance Corporation Ltd. INE202B01012 Finance 789000 2,239.18 0.45Oracle Financial Services Software Ltd. INE881D01027 Software 68850 2,218.90 0.45Karnataka Bank Ltd. INE614B01018 Banks 1500000 2,204.25 0.44Tata Elxsi Ltd. INE670A01012 Software 157500 2,192.79 0.44Tata Motors Ltd. INE155A01022 Auto 403500 2,158.12 0.44Asian Paints (India) Ltd. INE021A01026 Consumer Non 180600 2,096.22 0.42

DurablesNMDC Ltd. INE584A01023 Minerals/Mining 1932000 2,044.06 0.41NCC Limited INE868B01028 Construction Project 2472000 2,029.51 0.41Adani Power Ltd. INE814H01011 Power 7940000 1,977.06 0.40Lupin Ltd. INE326A01037 Pharmaceuticals 131400 1,952.93 0.39Jain Irrigation Systems Ltd. INE175A01038 Industrial Products 2097000 1,877.86 0.38Century Textiles & Industries Ltd. INE055A01016 Cement 198000 1,867.24 0.38Dish TV India Ltd. INE836F01026 Media and 1946000 1,811.73 0.37

EntertainmentIndia Cements Ltd. INE383A01012 Cement 1211000 1,743.84 0.35Reliance Capital Ltd. INE013A01015 Finance 312000 1,706.33 0.34Bajaj Auto Ltd. INE917I01010 Auto 59750 1,689.49 0.34TV18 Broadcast Ltd. INE886H01027 Media and 3468000 1,543.26 0.31

EntertainmentHousing Development and INE191I01012 Construction 1912000 1,521.95 0.31Infrastructure LimitedLarsen and Toubro Ltd. INE018A01030 Construction Project 101500 1,454.65 0.29Indiabulls Real Estate Ltd. INE069I01010 Construction 1560000 1,437.54 0.29The South Indian Bank Ltd. INE683A01023 Banks 6420000 1,402.77 0.28Bank of Baroda INE028A01039 Banks 808500 1,353.43 0.27IRB Infrastructure Developers Ltd. INE821I01014 Construction 542500 1,329.94 0.27Indraprastha Gas Ltd. INE203G01019 Gas 169400 1,318.10 0.27LIC Housing Finance Ltd. INE115A01026 Finance 216700 1,254.26 0.25Glenmark Pharmaceuticals Ltd. INE935A01035 Pharmaceuticals 135800 1,254.05 0.25Hexaware Technologies Ltd. INE093A01033 Software 642000 1,210.81 0.24Engineers India Ltd. INE510A01028 Construction Project 483000 1,200.01 0.24Dabur India Ltd. INE016A01026 Consumer Non 437500 1,186.50 0.24

DurablesAmbuja Cements Ltd. INE079A01024 Cement 467500 1,176.93 0.24GMR Infrastructure Ltd. INE776C01039 Construction Project 9090000 1,154.43 0.23Granules India Ltd. INE101D01020 Pharmaceuticals 985000 1,145.56 0.23Sintex Industries Ltd. INE429C01035 Industrial Products 1396500 1,093.46 0.22(PTC India Limited) INE877F01012 Power 1384000 1,030.39 0.21Bajaj Finance Limited INE296A01024 Finance 97500 1,029.50 0.21KPIT Technologies Limited INE836A01035 Software 824000 1,022.58 0.21NHPC Limited INE848E01016 Power 4050000 1,012.50 0.20Jindal Steel & Power Ltd. INE749A01030 Ferrous Metals 1323000 1,004.82 0.20Wockhardt Ltd. INE049B01025 Pharmaceuticals 111600 980.24 0.20Hindustan Petroleum Corporation Ltd. INE094A01015 Petroleum Products 222600 943.71 0.19Union Bank of India INE692A01016 Banks 676000 928.49 0.19Hindustan Unilever Ltd. INE030A01027 Consumer Non 105600 916.45 0.18

DurablesIndo Count Industries Ltd. INE483B01018 Textiles - Cotton 121800 884.45 0.18CESC Ltd. INE486A01013 Power 144100 880.09 0.18IFCI Ltd. INE039A01010 Finance 3014000 792.68 0.16Biocon Ltd. INE376G01013 Pharmaceuticals 84700 790.67 0.16Vedanta Ltd. INE205A01025 Minerals/Mining 432000 743.26 0.15Federal Bank Ltd. INE171A01029 Banks 1012000 728.64 0.15Cadila Healthcare Ltd. INE010B01027 Pharmaceuticals 185600 719.76 0.15JSW Energy Ltd. INE121E01018 Power 976000 712.97 0.14Dr. Reddy's Laboratories Ltd. INE089A01023 Pharmaceuticals 22400 696.06 0.14Havells India Ltd. INE176B01034 Consumer Durables 166000 694.21 0.14MRF Ltd. INE883A01011 Auto Ancillaries 1320 671.52 0.14Power Finance Corporation Ltd. INE134E01011 Finance 540000 649.62 0.13Kaveri Seed Company Ltd. INE455I01029 Consumer Non 166500 596.32 0.12

DurablesTech Mahindra Ltd. INE669C01036 Software 141900 595.77 0.12Ajanta Pharma Ltd. INE031B01049 Pharmaceuticals 29200 586.07 0.12Torrent Pharmaceuticals Ltd. INE685A01028 Pharmaceuticals 35600 577.98 0.12Titan Company Ltd. INE280A01028 Consumer Durables 145500 574.87 0.12SRF Ltd. INE647A01010 Textile Products 32000 568.86 0.11GAIL (India) Ltd. INE129A01019 Gas 148500 556.36 0.11Mahindra & Mahindra INE774D01024 Finance 150000 546.45 0.11Financial Services Ltd.Mcleod Russel India Ltd. INE942G01012 Consumer Non 297000 504.75 0.10

DurablesBharti Infratel Ltd. INE121J01017 Telecom - Equipment 135800 496.08 0.10

& AccessoriesCrompton Greaves Ltd. INE067A01029 Industrial 660000 495.33 0.10

Capital GoodsOriental Bank of Commerce INE141A01014 Banks 390000 489.06 0.10Rural Electrification Corporation Ltd. INE020B01018 Finance 402000 483.61 0.10Adani Port and Special Economic Zone Ltd. INE742F01042 Transportation 182500 468.57 0.09Jubilant Foodworks Limited INE797F01012 Consumer Non 48500 467.54 0.09

DurablesAndhra Bank INE434A01013 Banks 810000 456.84 0.09Motherson Sumi Systems Ltd. INE775A01035 Auto Ancillaries 140000 445.20 0.09Bharat Forge Ltd. INE465A01025 Industrial Products 43800 398.93 0.08BEML Limited INE258A01016 Industrial 42500 372.32 0.08

Capital GoodsCipla Ltd. INE059A01026 Pharmaceuticals 64000 371.23 0.07Hindalco Industries Ltd. INE038A01020 Non - Ferrous Metals 238000 363.43 0.07Wipro Ltd. INE075A01022 Software 73000 349.63 0.07United Breweries Ltd. INE686F01025 Consumer 35000 316.40 0.06

Non DurablesVoltas Ltd. INE226A01021 Construction Project 74000 280.53 0.06Indian Oil Corporation Ltd. INE242A01010 Petroleum Products 46500 270.86 0.05Syndicate Bank INE667A01018 Banks 360000 263.34 0.05Coal India Limited INE522F01014 Minerals/Mining 81600 263.00 0.05Maruti Suzuki India Limited INE585B01010 Auto 4800 262.91 0.05Adani Enterprises Ltd. INE423A01024 Trading 352000 231.26 0.05Jet Airways (India) Ltd. INE802G01018 Transportation 47000 223.84 0.05NIIT Technologies Ltd. INE591G01017 Software 48000 201.10 0.04Marico Ltd. INE196A01026 Consumer Non 67600 186.24 0.04

DurablesJaiprakash Associates Ltd. INE455F01025 Construction 1632000 171.36 0.03Steel Authority of India Ltd. INE114A01011 Ferrous Metals 360000 166.68 0.03Container Corporation of India Ltd. INE111A01017 Transportation 12000 165.53 0.03Godrej Industries Ltd. INE233A01035 Consumer Non 31500 135.43 0.03

Durables

Godrej Consumer Products Ltd. INE102D01028 Consumer Non 8000 126.93 0.03Durables

Oil And Natural Gas Corporation Ltd. INE213A01029 Oil 40000 102.66 0.02Apollo Hospitals Enterprise Ltd. INE437A01024 Healthcare Services 7200 94.56 0.02Apollo Tyres Ltd. INE438A01022 Auto Ancillaries 33000 72.58 0.01Page Industries Ltd INE761H01022 Textile Products 450 68.03 0.01Divis Laboratories Ltd. INE361B01024 Pharmaceuticals 4800 61.96 0.01Hindustan Zinc Ltd. INE267A01025 Non - Ferrous Metals 22400 52.27 0.01Just Dial Limited INE599M01018 Software 6400 27.57 0.01Siemens Ltd. INE003A01024 Industrial Capital Goods 2000 24.81 0.01Amara Raja Batteries Ltd. INE885A01032 Auto Ancillaries 2400 24.26 #Bharat Petroleum Corporation Ltd. INE029A01011 Petroleum Products 3600 22.05 #Bharat Heavy Electricals Ltd. INE257A01026 Industrial Capital Goods 15000 20.21 #ACC Ltd. INE012A01025 Cement 1200 19.20 #Bata India Ltd. INE176A01028 Consumer Durables 2200 10.79 #Total 353,913.74 71.30Hedging Positions through Futures (355,628.41) (71.67)Total (355,628.41) (71.67)Debt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange8.78% Kotak Mahindra Prime Ltd. INE916DA7IQ3 CRISIL AAA 1850 18,670.26 3.778.54% Mahindra & Mahindra INE774D07NS8 FITCH IND AAA 1500 15,106.91 3.05Financial Services Ltd.8.75% LIC Housing Finance Ltd. INE115A07JD0 CARE AAA 448 4,517.67 0.91Total 38,294.84 7.73Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CP HDFC Ltd. INE001A14PT1 ICRA A1+ 5700 28,378.93 5.72CP Tata Motors Finance Ltd. INE909H14JJ4 ICRA A1+ 3900 19,477.72 3.93CP HDFC Ltd. INE001A14PR5 ICRA A1+ 1200 5,637.15 1.14CP Muthoot Finance Ltd. INE414G14DW3 CRISIL A1+ 40 196.87 0.04Total 53,690.67 10.83Treasury Bills**TB 182 Treasury Bill 20.10.2016 IN002016Y023 SOV 4000000 3,986.50 0.80Total 3,986.50 0.80Term Deposits (Placed as margin)Bank DurationIndusInd Bank Ltd. 378 days 5,839.00 1.18Kotak Mahindra Bank Ltd. 357 days 4,875.00 0.98Kotak Mahindra Bank Ltd. 371 days 4,158.00 0.84IndusInd Bank Ltd. 371 days 4,125.00 0.83Axis Bank Ltd. 377 days 3,465.00 0.70Axis Bank Ltd. 378 days 2,475.00 0.50IndusInd Bank Ltd. 377 days 2,475.00 0.50Axis Bank Ltd. 375 days 2,470.00 0.50Kotak Mahindra Bank Ltd. 358 days 2,420.00 0.49Axis Bank Ltd. 385 days 2,280.00 0.46HDFC Bank Ltd. 377 days 2,000.00 0.40Kotak Mahindra Bank Ltd. 353 days 1,930.00 0.39Ratnakar Bank Ltd. 375 days 1,880.00 0.38Axis Bank Ltd. 371 days 1,480.00 0.30Axis Bank Ltd. 373 days 1,480.00 0.30Ratnakar Bank Ltd. 378 days 1,400.00 0.28HDFC Bank Ltd. 375 days 1,000.00 0.20IndusInd Bank Ltd. 373 days 990.00 0.20IndusInd Bank Ltd. 375 days 990.00 0.20Axis Bank Ltd. 379 days 974.00 0.20Axis Bank Ltd. 383 days 950.00 0.19Axis Bank Ltd. 380 days 940.00 0.19HDFC Bank Ltd. 371 days 891.00 0.18Axis Bank Ltd. 390 days 860.00 0.17Axis Bank Ltd. 392 days 850.00 0.17Axis Bank Ltd. 413 days 830.00 0.17Axis Bank Ltd. 397 days 800.00 0.16Ratnakar Bank Ltd. 377 days 800.00 0.16Ratnakar Bank Ltd. 380 days 800.00 0.16Axis Bank Ltd. 400 days 790.00 0.16Axis Bank Ltd. 404 days 760.00 0.15Axis Bank Ltd. 407 days 700.00 0.14Axis Bank Ltd. 411 days 660.00 0.13Ratnakar Bank Ltd. 371 days 630.00 0.13IndusInd Bank Ltd. 372 days 495.00 0.10IndusInd Bank Ltd. 380 days 495.00 0.10IndusInd Bank Ltd. 381 days 495.00 0.10Kotak Mahindra Bank Ltd. 370 days 495.00 0.10Kotak Mahindra Bank Ltd. 372 days 495.00 0.10Axis Bank Ltd. 381 days 490.00 0.10Kotak Mahindra Bank Ltd. 355 days 490.00 0.10Ratnakar Bank Ltd. 369 days 470.00 0.09IndusInd Bank Ltd. 379 days 450.00 0.09Kotak Mahindra Bank Ltd. 373 days 437.99 0.09HDFC Bank Ltd. 386 days 396.00 0.08Axis Bank Ltd. 415 days 390.00 0.08Axis Bank Ltd. 417 days 390.00 0.08IndusInd Bank Ltd. 367 days 300.00 0.06HDFC Bank Ltd. 368 days 297.00 0.06HDFC Bank Ltd. 367 days 198.00 0.04HDFC Bank Ltd. 372 days 198.00 0.04HDFC Bank Ltd. 383 days 198.00 0.04Kotak Mahindra Bank Ltd. 390 days 198.00 0.04HDFC Bank Ltd. 366 days 99.00 0.02HDFC Bank Ltd. 369 days 99.00 0.02HDFC Bank Ltd. 370 days 99.00 0.02HDFC Bank Ltd. 373 days 99.00 0.02HDFC Bank Ltd. 374 days 99.00 0.02HDFC Bank Ltd. 381 days 99.00 0.02HDFC Bank Ltd. 382 days 99.00 0.02Total 68,037.99 13.72Collateral Borrowing & Lending obligation 2,514.20 0.51Total 2 ,514 .20 0 . 5 1Net Current Assets/ (Liabilities) 331,070.69 66.74Grand Total 495 ,880 .22 1 0 0 . 0 0Notes :1. Total value of illiquid equity shares and percentage to Net Assets : Nil2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. Portfolio Turnover Ratio : 186.14%4. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company

Limited in accordance with guidelines on valuation of securities for mutual funds issued by the Securities and Exchangeboard of India and approved by the Trustees.

5. Hedging Positions through Futures as on 30th September,2016Underlying Long/Short Futures Current Price of Margin

Price When the Contract Maintainedpurchased in Lakhs

Aurobindo Pharma Ltd. October 2016 Future Short 864.57 858.25 860.18ACC Ltd. October 2016 Future Short 1,629.93 1,603.65 3.01Adani Enterprises Ltd. October 2016 Future Short 71.92 66.10 45.50Adani Power Ltd October 2016 Future Short 27.53 25.10 362.46Ajanta Pharma Ltd. October 2016 Future Short 2,082.81 2,019.70 92.17Amara Raja Batteries Ltd. October 2016 Future Short 1,043.68 1,016.45 3.81Andhra Bank October 2016 Future Short 57.91 56.75 87.14Apollo Hospitals Enterprises Ltd. October 2016 Future Short 1,306.34 1,321.80 14.87Apollo Tyres Ltd. October 2016 Future Short 217.09 221.45 13.84Ashok Leyland Ltd. October 2016 Future Short 77.22 79.85 688.99Asian Paints Ltd. October 2016 Future Short 1,195.95 1,167.80 329.67Bajaj Finance Limited October 2016 Future Short 1,102.46 1,063.60 186.74Bata India Ltd. October 2016 Future Short 486.78 492.60 1.70Bharat Electronics Ltd . October 2016 Future Short 1,271.31 1,253.05 532.22Bharat Earth Movers Ltd. October 2016 Future Short 928.95 879.65 71.58Bharat Heavy Electricals Ltd. October 2016 Future Short 133.92 135.20 4.62Bharat Forge Ltd. October 2016 Future Short 905.80 916.80 63.58Bharti Infratel Ltd. October 2016 Future Short 370.92 366.60 77.92Biocon Ltd. October 2016 Future Short 951.35 939.75 126.30Bajaj Auto Ltd. October 2016 Future Short 2,910.32 2,844.80 265.58Bank Of Baroda October 2016 Future Short 169.16 168.25 244.59Bharat Petroleum Corporation Ltd. October 2016 Future Short 576.30 616.30 3.47Britannia Industries Ltd. October 2016 Future Short 3,387.29 3,379.45 585.35Reliance Infrastructure Ltd . October 2016 Future Short 601.50 554.95 698.86Cadila Healthcare Ltd. October 2016 Future Short 402.34 390.20 113.33Cairn India Limited October 2016 Future Short 196.92 201.40 539.12Castrol (India ) Ltd. October 2016 Future Short 475.96 478.05 928.23CESC Ltd. October 2016 Future Short 626.15 615.00 138.52Cipla Ltd. October 2016 Future Short 612.22 583.70 58.40Coal India Ltd. October 2016 Future Short 330.33 323.25 41.29

Kotak Equity Arbitrage Fund (continued)

Industry/ Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) Assets

Container Corporation of India Ltd. October 2016 Future Short 1,346.54 1,382.35 25.98Crompton Greaves Ltd. October 2016 Future Short 79.96 75.55 81.76Century Textiles & Industries Ltd. October 2016 Future Short 929.53 947.90 325.09Dabur India Ltd. October 2016 Future Short 280.38 272.70 186.66Dewan Housing Finance Corporation Ltd. October 2016 Future Short 300.56 285.25 462.85Dish TV India Ltd. October 2016 Future Short 97.40 93.55 371.83Divi s Laboratories Limited October 2016 Future Short 1,327.13 1,300.00 9.75DLF Limited October 2016 Future Short 148.09 146.90 598.76Dr Reddys Laboratories Ltd. October 2016 Future Short 3,193.51 3,118.70 109.27Engineers India Ltd. October 2016 Future Short 258.75 249.90 221.00Exide Industries Ltd. October 2016 Future Short 192.25 184.20 539.70Federal Bank Ltd. October 2016 Future Short 73.49 72.50 136.06GAIL (India) Ltd. October 2016 Future Short 386.80 375.75 87.37TV18 Broadcast Ltd October 2016 Future Short 45.93 44.85 369.78Glenmark Pharmaceuticals Ltd October 2016 Future Short 937.90 926.15 196.95GMR Infrastructure Ltd. October 2016 Future Short 13.64 12.75 267.93Godrej Consumer Products Ltd. October 2016 Future Short 1,625.46 1,591.50 19.93Godrej Industries Ltd October 2016 Future Short 426.06 433.00 21.33Grasim Industries Ltd. October 2016 Future Short 4,919.40 4,866.85 2,175.56Granules India Ltd. October 2016 Future Short 123.97 116.60 211.38Ambuja Cements Ltd October 2016 Future Short 260.83 253.45 185.14Havells India Ltd. October 2016 Future Short 417.36 420.30 109.17HDFC Bank Ltd. October 2016 Future Short 1,307.43 1,283.40 2,115.93HDFC Ltd. October 2016 Future Short 1,426.33 1,398.00 1,947.05Housing Development and Infrastructure Ltd. Short 83.33 80.10 354.58October 2016 FutureHero MotoCorp Ltd. October 2016 Future Short 3,498.89 3,434.55 599.58Hexaware Technologies Ltd. October 2016 Future Short 193.72 189.85 190.75Hindalco Industries Ltd. October 2016 Future Short 143.81 153.75 70.30Hindustan Zinc Ltd. October 2016 Future Short 227.90 234.55 8.21Hindustan Unilever Ltd. October 2016 Future Short 884.70 870.70 143.87Hindustan Petroleum Corporation Ltd October 2016 Future Short 430.17 426.55 148.42Indiabulls Housing Finance Ltd. October 2016 Future Short 821.77 830.25 1,092.00India Cements Ltd. October 2016 Future Short 150.50 144.75 346.19ICICI Bank Ltd. October 2016 Future Short 262.20 253.70 1,326.48IDFC Limited October 2016 Future Short 66.44 67.40 2,051.04IFCI Ltd. October 2016 Future Short 28.76 26.50 169.84Oracle Financial Services Software Ltd October 2016 Future Short 3,330.25 3,238.95 348.48Indiabulls Real Estate Ltd October 2016 Future Short 94.11 92.85 393.16Indo Count Industries Ltd. October 2016 Future Short 774.41 730.20 184.14IndusInd Bank Ltd. October 2016 Future Short 1,215.20 1,200.15 550.88Infosys Ltd. October 2016 Future Short 1,038.93 1,030.20 788.49Indian Oil Corporation Ltd October 2016 Future Short 580.90 586.35 42.63Indraprastha Gas Ltd. October 2016 Future Short 779.44 780.20 206.85Aditya Birla Nuvo Limited October 2016 Future Short 1,398.87 1,372.25 990.27IRB Infrastructure Developers Ltd October 2016 Future Short 257.19 246.90 241.44ITC Ltd. October 2016 Future Short 248.42 242.60 995.65Jaiprakash Associates Ltd October 2016 Future Short 11.33 10.60 44.22Jet Airways (India) Ltd. October 2016 Future Short 538.06 479.60 51.65Jain Irrigation Systems Ltd. October 2016 Future Short 95.28 90.15 481.42Jindal Steel & Power Ltd. October 2016 Future Short 78.37 76.50 211.08JSW Energy Ltd. October 2016 Future Short 79.08 73.55 114.07JSW Steel Ltd. October 2016 Future Short 1,762.61 1,741.75 606.60Jubilant Foodworks Limited October 2016 Future Short 955.23 963.95 86.84Just Dial Limited October 2016 Future Short 455.44 428.15 4.94Kaveri Seed Company Ltd. October 2016 Future Short 365.42 359.70 98.64Karnataka Bank Ltd October 2016 Future Short 154.83 147.00 376.20KPIT Technologies LImited October 2016 Future Short 133.14 124.95 190.16Larsen And Toubro Ltd. October 2016 Future Short 1,478.96 1,438.55 228.38LIC Housing Finance Ltd. October 2016 Future Short 575.90 581.20 197.05L&T Finance Holdings Ltd. October 2016 Future Short 91.09 91.85 543.78Lupin Ltd. October 2016 Future Short 1,528.06 1,491.55 306.64Marico Ltd. October 2016 Future Short 283.50 276.60 29.24Mahindra & Mahindra Ltd. October 2016 Future Short 1,401.37 1,409.95 625.62Maruti Suzuki India Limited October 2016 Future Short 5,626.68 5,512.45 41.35United Spirits Ltd. October 2016 Future Short 2,337.29 2,475.30 1,792.58Mcleod Russel India Ltd October 2016 Future Short 184.95 171.15 83.72Bosch Limited October 2016 Future Short 23,130.58 22,877.10 420.46Mahindra & Mahindra Financial Services Ltd. Short 363.79 364.80 86.09October 2016 FutureMotherson Sumi Systems Ltd. October 2016 Future Short 315.15 319.70 71.30Adani Port and Special Economic Zone Limited Short 267.33 257.75 77.98October 2016 FutureMRF Limited October 2016 Future Short 47,335.50 51,231.75 128.11NCC Limited October 2016 Future Short 82.34 82.70 382.05NHPC Limited October 2016 Future Short 24.98 25.10 160.18NMDC Ltd. October 2016 Future Short 105.70 106.20 385.24NIIT Technologies Ltd. October 2016 Future Short 440.06 422.00 31.95National Thermal Power Corporation Limited Short 152.79 149.00 391.68October 2016 FutureOriental Bank of Commerce October 2016 Future Short 136.83 126.25 116.50Oil & Natural Gas Corporation Ltd. October 2016 Future Short 250.97 257.45 16.12Page Industries Ltd October 2016 Future Short 15,190.19 15,211.85 10.70Power Grid Corporation Of India Ltd October 2016 Future Short 178.77 177.05 509.90Pidilite Industries Ltd. October 2016 Future Short 696.16 685.45 790.86Petronet LNG Ltd. October 2016 Future Short 348.98 347.40 479.01Power Finance Corporation Ltd. October 2016 Future Short 120.56 120.70 114.83PTC India Ltd. October 2016 Future Short 78.21 74.85 182.17Reliance Capital Ltd. October 2016 Future Short 577.57 549.95 347.84Reliance Communications Ltd. October 2016 Future Short 48.28 46.35 749.50Reliance Industries Ltd. October 2016 Future Short 1,110.44 1,088.40 1,637.79Rural Electrification Corporation Ltd October 2016 Future Short 123.08 121.10 78.29Reliance Power Ltd October 2016 Future Short 49.96 47.85 535.54Steel Authority of India Ltd. October 2016 Future Short 45.79 46.55 33.65State Bank Of India October 2016 Future Short 254.66 251.75 968.49Vedanta Ltd. October 2016 Future Short 169.28 173.15 128.68Shriram Transport Finance Co Ltd. October 2016 Future Short 1,170.98 1,167.20 1,973.45The South Indian Bank Ltd. October 2016 Future Short 22.61 22.05 250.54Siemens Ltd. October 2016 Future Short 1,269.00 1,247.65 3.90Sintex Industries Ltd. October 2016 Future Short 82.22 78.85 279.20Bharat Financial Inclusion Limited October 2016 Future Short 865.06 884.05 977.76SRF Ltd. October 2016 Future Short 1,768.36 1,785.90 100.09Strides Shasun Ltd. October 2016 Future Short 1,055.13 1,012.25 374.24Sun Pharmaceuticals Industries Ltd. October 2016 Future Short 773.95 745.25 1,519.52Sun TV Limited. October 2016 Future Short 504.57 507.35 517.53Syndicate Bank October 2016 Future Short 75.58 73.70 43.54Tata Chemicals Ltd. October 2016 Future Short 547.25 528.00 965.81Tech Mahindra Ltd. October 2016 Future Short 453.74 422.55 94.33Tata Motors Ltd. October 2016 Future Short 551.02 536.55 338.93Tata Elxsi Ltd. October 2016 Future Short 1,513.50 1,400.05 354.06Tata Steel Limited. October 2016 Future Short 375.95 376.90 488.48Titan Company Ltd. October 2016 Future Short 408.44 397.70 90.55Tata Motors Ltd - DVR October 2016 Future Short 345.29 341.85 1,405.23Torrent Pharmaceuticals Ltd. October 2016 Future Short 1,671.88 1,631.70 90.77Tata Power Co. Ltd. October 2016 Future Short 75.50 75.60 383.10Tata Global Beverages Limited October 2016 Future Short 144.21 140.55 785.39United Breweries Ltd. October 2016 Future Short 905.89 908.90 49.72Ultratech Cement Ltd. October 2016 Future Short 3,954.74 3,874.80 374.21Union Bank Of India October 2016 Future Short 143.68 138.10 183.50UPL Ltd October 2016 Future Short 687.77 677.00 915.59Axis Bank Ltd October 2016 Future Short 567.61 544.85 2,086.00Voltas Ltd. October 2016 Future Short 384.78 379.20 44.04Tata Communications Ltd October 2016 Future Short 535.07 567.45 635.76Wipro Ltd. October 2016 Future Short 480.08 480.15 54.87Wockhardt Ltd. October 2016 Future Short 896.64 883.95 192.59Yes Bank Ltd October 2016 Future Short 1,191.10 1,261.25 451.75Zee Entertainment Enterprises Ltd October 2016 Future Short 543.04 549.45 364.65Total %age of existing assets hedged through futures (71.67%)

6. For the period ended 30th September,2016 hedging transactions throughfutures which have been squared off/expired are as follows;Total Number of contracts where futures were bought 401,238Total Number of contracts where futures were sold 343,924Gross Notional Value of contracts where futures were bought 2,265,409.65 LacsGross Notional Value of contracts where futures were sold 1,956,414.22 LacsNet Profit/Loss value on all contracts combined (42,638.61) Lacs

Kotak Equity Arbitrage Fund (continued)

Industry/ Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) Assets


4


Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange8.32% Nabha Power Ltd. (backed by INE445L08268 ICRA AAA 85 859.16 13.53unconditional and irrevocable guaranteeby Larsen & Toubro Ltd.)

8.40% Power Finance Corporation Ltd. INE134E08HB9 CRISIL AAA 80 812.94 12.81

8.90% Tata Capital Financial Services Ltd. INE306N07GU8 CRISIL AA+ 80 810.49 12.77

8.97% HDB Financial Services Ltd. INE756I07548 CRISIL AAA 70 709.93 11.18

8.19% National Bank for Agriculture INE261F08469 CRISIL AAA 70 709.81 11.18and Rural Development

7.95% Steel Authority of India Ltd. INE114A07893 FITCH IND AA 70 698.53 11.00

8.41% HDFC Ltd. INE001A07NS2 CRISIL AAA 100 504.86 7.95

8.70% Rural Electrification Corporation Ltd. INE020B08815 CRISIL AAA 35 355.75 5.60

9.84% IOT Utkal Energy Services Ltd. INE310L07415 CRISIL 170 179.12 2.82AAA(SO)

8.25% ICICI Home Finance Company Ltd. INE071G08833 ICRA AAA 20 100.55 1.58

6.68% Power Grid Corporation of India Ltd. INE752E07827 CRISIL AAA 1 12.40 0.20

Total 5,753.54 90.62Government Dated Securities8.00% Government Stock - 2018 IN2020070081 SOV 250000 253.22 3.99

Total 253.22 3.99Net Current Assets/(Liabilities) 341.48 5.39

Grand Total 6,348.24 100.00Notes :1. Average Maturity of the portfolio : 1.53 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company


Kotak PSU Bank ETF

Market Value % to NetName of Instrument ISIN Code Industry Quantity (Rs.in Lakhs) AssetsEquity & Equity relatedListed/Awaiting listing onStock ExchangeState Bank of India. INE062A01020 Banks 404402 1,016.06 62.49Bank of Baroda INE028A01039 Banks 123036 205.96 12.67Punjab National Bank INE160A01022 Banks 97179 136.73 8.41Canara Bank INE476A01014 Banks 24044 74.14 4.56Union Bank of India INE692A01016 Banks 33126 45.50 2.80Bank of India INE084A01016 Banks 30412 34.21 2.10IDBI Bank Ltd INE008A01015 Banks 48264 33.16 2.04Allahabad Bank INE428A01015 Banks 29191 22.43 1.38Oriental Bank of Commerce INE141A01014 Banks 15780 19.79 1.22Syndicate Bank INE667A01018 Banks 27039 19.78 1.22Andhra Bank INE434A01013 Banks 30162 17.01 1.05Total 1,624.77 99.94Net Current Assets/(Liabilities) 1.12 0.06Grand Total 1,625.89 100.00Notes :1. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.


Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock ExchangeZCB Bajaj Finance Limited INE296A07IV2 FITCH IND AAA 350 3,782.03 14.359.70% Power Finance Corporation Ltd. INE134E07489 CRISIL AAA 350 3,666.03 13.918.45% HDFC Ltd. INE001A07OI1 CRISIL AAA 35 3,546.40 13.467.98% National Bank for Agriculture INE261F08592 CRISIL AAA 300 3,044.09 11.55and Rural Development8.06% Small Industries Development INE556F09593 CARE AAA 295 2,997.78 11.37Bank of India.8.40% LIC Housing Finance Ltd. INE115A07IM3 CRISIL AAA 250 2,531.25 9.608.20% Export-Import Bank of India. INE514E08EW5 CRISIL AAA 250 2,508.91 9.528.33% Indian Railway Finance Corporation Ltd. INE053F07850 CRISIL AAA 240 2,457.06 9.328.05% Rural Electrification Corporation Ltd. INE020B08971 CRISIL AAA 50 506.99 1.92Total 25,040.54 95.00Net Current Assets/(Liabilities) 1,313.90 5.00Grand Total 26,354.44 100.00Notes :1. Average Maturity of the portfolio : 2.11 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company Limited


Kotak Banking ETF

Market Value % to NetName of Instrument ISIN Code Industry Quantity (Rs.in Lakhs) AssetsEquity & Equity relatedListed/Awaiting listing onStock ExchangeHDFC Bank Ltd. INE040A01026 Banks 3465546 44,111.20 31.59ICICI Bank Ltd. INE090A01021 Banks 10053499 25,349.90 18.16AXIS Bank Ltd. INE238A01034 Banks 2888805 15,638.55 11.20Kotak Mahindra Bank Ltd. INE237A01028 Banks 1998894 15,531.41 11.12State Bank of India. INE062A01020 Banks 5366034 13,482.16 9.66IndusInd Bank Ltd. INE095A01012 Banks 855549 10,231.94 7.33YES Bank Ltd. INE528G01019 Banks 567774 7,123.86 5.10Bank of Baroda INE028A01039 Banks 1632566 2,732.92 1.96Federal Bank Ltd. INE171A01029 Banks 2973404 2,140.85 1.53Punjab National Bank INE160A01022 Banks 1289471 1,814.29 1.30Canara Bank INE476A01014 Banks 319042 983.77 0.70Bank of India INE084A01016 Banks 403533 453.97 0.33Total 139,594.82 99.98Net Current Assets/(Liabilities) 33.81 0.02Grand Total 139,628.63 100.00Notes :1. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.2. For the period ended 30th September,2016 other than hedging transactions through

futures which have been squared off/expired are as follows;Total Number of contracts where futures were bought 176Total Number of contracts where futures were sold 176Gross Notional Value of contracts where futures were bought 1,251.40 LacsGross Notional Value of contracts where futures were sold 1,296.78 LacsNet Profit/Loss value on all contracts combined 45.39 Lacs


Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock ExchangeZCB Edelweiss Financial Services Limited INE532F07AN3 CARE AA 550 7,467.51 15.11ZCB Edelweiss Housing Finance Limited INE530L07038 CARE AA 400 5,471.14 11.07ZCB India Infoline Finance Limited INE866I07610 ICRA AA 350 4,783.61 9.68ZCB Raymond Ltd. INE301A08373 CARE AA 350 4,735.17 9.58ZCB Jyothy Laboratories Limited INE668F07038 CARE AA- 250 3,387.99 6.86Total 25,845.42 52.30Privately placed / Unlisted6.00% Sahyadri Agencies Ltd. (Secured by INE811P07033 BRICKWORK 550 6,915.18 13.99 Equity shares of Jyothy Laboratories Ltd.) BWR A(SO)11.10% Hero Realty Ltd. (Guaranteed by a INE829Q07025 ICRA A+ 60 6,018.90 12.18Hero Group company)Total 12,934.08 26.17Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CPSuraksha Realty Ltd. (Secured by INE959P14184 CARE A1+(SO) 900 4,482.49 9.07Equity shares ofSun Pharmaceuticals Industries Ltd.)Total 4,482.49 9.07Reverse RepoSankhya Financial Service Pvt. Ltd. 4,178.05 8.45Total 4,178.05 8.45Net Current Assets/(Liabilities) 1,980.92 4.01Grand Total 49,420.96 100.00Notes :1. Average Maturity of the portfolio : 0.12 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company


Kotak Gilt Investment Plan

Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsGovernment Dated SecuritiesListed/Awaiting listing onStock Exchange7.61% Government Stock - 2030 IN0020160019 SOV 21000000 22,157.31 34.707.73% Government Stock - 2034 IN0020150051 SOV 13985000 14,843.79 23.247.59% Government Stock - 2029 IN0020150069 SOV 12300000 12,877.13 20.178.19% Government Stock - 2026 IN2920160123 SOV 6500000 6,826.63 10.698.27% Government Stock - 2022 IN2920160081 SOV 2300000 2,383.59 3.738.06% Government Stock - 2026 IN1620160169 SOV 2000000 2,090.33 3.278.52% Government Stock - 2022 IN3320150664 SOV 350000 366.24 0.577.86% Government Stock - 2019 IN2920160057 SOV 200000 203.63 0.328.43% Government Stock - 2019 IN3420080100 SOV 100000 103.17 0.168.39% Government Stock - 2018 IN2920150272 SOV 40000 40.70 0.06Total 61,892.52 96.91Collateral Borrowing & Lending obligation 359.91 0.56Total 359.91 0.56Net Current Assets/(Liabilities) 1,605.77 2.53Grand Total 63,858.20 100.00Notes :1. Average Maturity of the portfolio : 13.10 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.


Industry / Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsEquity & Equity relatedListed/Awaiting listing onStock ExchangeHDFC Bank Ltd. INE040A01026 Banks 16505 210.08 1.58Maruti Suzuki India Limited INE585B01010 Auto 3080 168.70 1.27IndusInd Bank Ltd. INE095A01012 Banks 12860 153.80 1.16Infosys Ltd. INE009A01021 Software 13569 140.58 1.06Bharat Petroleum Corporation Ltd. INE029A01011 Petroleum Products 20766 127.21 0.96Asian Paints(India) Ltd. INE021A01026 Consumer 10137 117.66 0.88

Non DurablesZee Entertainment Enterprises Ltd INE256A01028 Media and 18014 98.49 0.74

EntertainmentHindustan Unilever Ltd. INE030A01027 Consumer 11054 95.93 0.72

Non DurablesLupin Ltd. INE326A01037 Pharmaceuticals 5010 74.46 0.56Tata Motors Ltd. INE155A01022 Auto 12327 65.93 0.50Oil And Natural Gas Corporation Ltd. INE213A01029 Oil 25541 65.55 0.49Bajaj Finserv Ltd. INE918I01018 Finance 1960 60.16 0.45AXIS Bank Ltd. INE238A01034 Banks 9318 50.44 0.38Bosch Limited INE323A01026 Auto Ancillaries 218 49.70 0.37Bajaj Auto Ltd. INE917I01010 Auto 1734 49.03 0.37Bajaj Finance Limited INE296A01024 Finance 4280 45.19 0.34Britannia Industries Ltd. INE216A01022 Consumer 1287 43.29 0.33

Non DurablesTata Consultancy Services Ltd. INE467B01029 Software 1746 42.44 0.32Larsen and Toubro Ltd. INE018A01030 Construction Project 2925 41.92 0.31Dish TV India Ltd. INE836F01026 Media and 41981 39.08 0.29

EntertainmentICICI Bank Ltd. INE090A01021 Banks 14351 36.19 0.27Ashok Leyland Ltd. INE208A01029 Auto 37563 29.90 0.22Dr.Reddy's Laboratories Ltd. INE089A01023 Pharmaceuticals 959 29.80 0.22HCL Technologies Ltd. INE860A01027 Software 3502 28.01 0.21Hindalco Industries Ltd. INE038A01020 Non - Ferrous Metals 17000 25.96 0.20Coal India Limited INE522F01014 Minerals/Mining 5861 18.89 0.14Cummins India Ltd. INE298A01020 Industrial Products 2070 18.74 0.14Cadila Healthcare Ltd. INE010B01027 Pharmaceuticals 4716 18.29 0.14ITC Ltd. INE154A01025 Consumer 6645 16.04 0.12

Non DurablesAurobindo Pharma Ltd. INE406A01037 Pharmaceuticals 1787 15.29 0.11YES Bank Ltd. INE528G01019 Banks 1046 13.12 0.10Reliance Industries Ltd. INE002A01018 Petroleum Products 1161 12.58 0.09Divis Laboratories Ltd. INE361B01024 Pharmaceuticals 870 11.23 0.08Hindustan Petroleum Corporation Ltd. INE094A01015 Petroleum Products 2232 9.46 0.07Power Grid Corporation of India Ltd. INE752E01010 Power 4697 8.29 0.06Mahindra & Mahindra Ltd. INE101A01026 Auto 395 5.55 0.04Grasim Industries Ltd. INE047A01021 Cement 89 4.30 0.03Sun Pharma Advance Research Co.Ltd. INE232I01014 Pharmaceuticals 77 0.24 0.00Total 2,041.52 15.32Debt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange9.38% Rural Electrification Corporation Ltd. INE020B07HY0 CRISIL AAA 170 1,765.74 13.279.70% Export-Import Bank of India. INE514E08DD7 CRISIL AAA 150 1,568.82 11.798.28% Power Finance Corporation Ltd. INE134E08HU9 CRISIL AAA 150 1,523.98 11.45ZCB ICICI Home Finance Company Ltd. INE071G08718 ICRA AAA 280 1,508.74 11.348.50% HDB Financial Services Ltd. INE756I07696 CRISIL AAA 100 1,012.45 7.618.35% HDFC Ltd. INE001A07OG5 CRISIL AAA 10 1,011.21 7.60ZCB LIC Housing Finance Ltd. INE115A07EQ3 CRISIL AAA 60 816.73 6.14Total 9,207.67 69.20Government Dated SecuritiesListed/Awaiting listingon Stock Exchange8.39% Government Stock - 2018 IN2920150272 SOV 1410000 1,434.66 10.78Total 1,434.66 10.78Collateral Borrowing & Lending obligation 209.93 1.58Total 209.93 1.58Net Current Assets/(Liabilities) 414.64 3.12Grand Total 13,308.42 100.00Notes :1. Average Maturity of the portfolio : 1.61 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange9.31% Mahindra & Mahindra INE774D07KI5 FITCH IND AAA142 1,420.50 12.59Financial Services Ltd.ZCB Bajaj Finance Limited INE296A07DL4 CRISIL AA+ 94 1,120.58 9.939.55% Tata Capital Housing Finance Ltd. INE033L07AE9 CRISIL AA+ 94 940.37 8.3410.30% Kotak Mahindra Prime Ltd. INE916DA7865 CRISIL AAA 40 400.23 3.55Total 3,881.68 34.41Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CD Vijaya Bank INE705A16ON8 CRISIL A1+ 1000 999.64 8.86Total 999.64 8.86Treasury Bills**TB 91 Days Treasury Bill 06/10/2016 IN002016X140 SOV 3400000 3,396.98 30.12Total 3,396.98 30.12Collateral Borrowing & Lending obligation 1,534.48 13.60Total 1,534.48 13.60Reverse RepoSankhya Financial Service Pvt. Ltd 931.49 8.26Total 931.49 8.26Net Current Assets/ (Liabilities) 535.49 4.75Grand Total 11,279.76 100.00Notes :1. Average Maturity of the portfolio : 0.02 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange8.35% Power Finance Corporation Ltd. INE134E08HL8 CRISIL AAA 35 352.04 12.858.80% L & T Finance Limited INE523E07BJ1 CARE AA+ 14 351.72 12.848.81% Mahindra & Mahindra INE774D07LV6 FITCH IND AAA 32 321.80 11.75Financial Services Ltd.9.84% IOT Utkal Energy Services Ltd. INE310L07274 CRISIL AAA(SO) 238 242.67 8.868.71% Tata Capital Housing Finance Ltd. INE033L07BZ2 CRISIL AA+ 24 240.86 8.7911.60% ECL Finance Limited INE804I07SG6 CARE AA 5000 50.56 1.858.80% Kotak Mahindra Prime Ltd. INE916DA7HR3 CRISIL AAA 5 50.30 1.84Total 1,609.95 58.78Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.58% Government Stock - 2016 IN1920120038 SOV 250000 250.30 9.148.45% Government Stock - 2017 IN3320060020 SOV 25000 25.14 0.92Total 275.44 10.06Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CD ICICI Bank Ltd. INE090A166I5 CRISIL A1+ 325 311.51 11.37CD AXIS Bank Ltd. INE238A16M03 CRISIL A1+ 325 310.75 11.34Total 622.26 22.71Net Current Assets/(Liabilities) 232.05 8.45Grand Total 2,739.70 100.00Notes:1. Average Maturity of the portfolio : 0.51 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange9.69% LIC Housing Finance Ltd. INE115A07FG1 CRISIL AAA 230 2,322.69 13.229.64% Power Finance Corporation Ltd. INE134E08DZ7 CRISIL AAA 200 2,009.89 11.449.75% HDFC Ltd. INE001A07HN5 CRISIL AAA 200 2,008.87 11.449.52% Rural Electrification Corporation Ltd. INE020B07II1 CRISIL AAA 190 1,920.37 10.938.90% Power Grid Corporation of India Ltd. INE752E07GH9 CRISIL AAA 80 1,006.63 5.739.23% IDFC Bank Limited INE092T08832 ICRA AAA 100 1,004.28 5.729.20% Small Industries Development INE556F09379 CARE AAA 80 805.96 4.59Bank of India.ZCB Mahindra & Mahindra INE774D07KZ9 FITCH IND AAA 82 798.27 4.55Financial Services Ltd.8.85% Power Grid Corporation of India Ltd. INE752E07KB4 CRISIL AAA 54 675.55 3.859.90% National Bank for Agriculture INE261F09CW2 CRISIL AAA 50 506.38 2.88 and Rural Development9.18% National Bank for Agriculture INE261F09HE9 CRISIL AAA 50 503.25 2.87 and Rural Development7.83% Indian Railway Finance Corporation Ltd. INE053F07751 CRISIL AAA 40 400.89 2.288.80% Kotak Mahindra Prime Ltd. INE916DA7GR5 CRISIL AAA 25 251.49 1.438.72% Power Finance Corporation Ltd. INE134E08FC1 CRISIL AAA 10 100.49 0.579.28% Rural Electrification Corporation Ltd. INE020B08658 CRISIL AAA 4 40.29 0.23Total 14,355.30 81.73Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CD Dena Bank INE077A16DS4 CRISIL A1+ 1400 1,359.88 7.74Total 1,359.88 7.74Reverse RepoSankhya Financial Services Pvt Ltd. 745.19 4.24Total 745.19 4.24Collateral Borrowing & Lending obligation 124.96 0.71Total 124.96 0.71Net Current Assets/(Liabilities) 977.97 5.58Grand Total 17,563.30 100.00Notes :1. Average Maturity of the portfolio : 0.32 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange11.00% Power Finance Corporation Ltd. INE134E08BE6 CRISIL AAA 25 266.05 9.259.00% Export-Import Bank of India. INE514E08AP7 CRISIL AAA 25 259.34 9.018.06% Small Industries Development INE556F09593 CARE AAA 25 254.05 8.83Bank of India.8.05% National Bank for Agriculture INE261F08576 CRISIL AAA 25 250.98 8.72and Rural Development8.33% Indian Railway Finance INE053F07850 CRISIL AAA 20 204.76 7.12Corporation Ltd.8.40% ONGC Manglore INE053T07018 FITCH IND AAA 20 203.98 7.09Petrochemicals Ltd.Total 1,439.16 50.02Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.39% Government Stock - 2019 IN2920150280 SOV 500000 514.16 17.87Total 514.16 17.87Privately placed / Unlisted9.78% Tata Sons Ltd. INE895D07412 CRISIL AAA 25 259.65 9.03Total 259.65 9.03Collateral Borrowing & Lending obligation 584.81 20.33Total 584.81 20.33Net Current Assets/(Liabilities) 79.03 2.75Grand Total 2,876.81 100.00Notes :1. Average Maturity of the portfolio : 1.64 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



5

Kotak Tax Saver

Industry / Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsEquity & Equity relatedListed/Awaiting listing onStock ExchangeHDFC Bank Ltd. INE040A01026 Banks 221600 2,820.64 5.57Reliance Industries Ltd. INE002A01018 Petroleum Products 207000 2,243.26 4.43Infosys Ltd. INE009A01021 Software 215000 2,227.51 4.40Shree Cement Ltd. INE070A01015 Cement 12000 2,045.12 4.04ITC Ltd. INE154A01025 Consumer 802500 1,936.83 3.82

Non DurablesIndusInd Bank Ltd. INE095A01012 Banks 140000 1,674.33 3.30AXIS Bank Ltd. INE238A01034 Banks 295000 1,596.98 3.15Ultratech Cement Ltd. INE481G01011 Cement 40000 1,540.62 3.04Hero MotoCorp Ltd. INE158A01026 Auto 45000 1,536.17 3.03Bharat Petroleum Corporation Ltd. INE029A01011 Petroleum Products 250000 1,531.50 3.02Hindustan Petroleum Corporation Ltd. INE094A01015 Petroleum Products 360000 1,526.22 3.01ICICI Bank Ltd. INE090A01021 Banks 575000 1,449.86 2.86Whirlpool of India Ltd. INE716A01013 Consumer Durables 125000 1,271.63 2.51Dalmia Cement (Bharat) Ltd. INE439L01019 Cement 65000 1,216.15 2.40Mahanagar Gas Ltd. INE002S01010 Gas 173670 1,146.48 2.26Britannia Industries Ltd. INE216A01022 Consumer 34000 1,143.76 2.26

Non DurablesTata Motors Ltd. INE155A01022 Auto 211009 1,128.58 2.23Larsen and Toubro Ltd. INE018A01030 Construction Project 70000 1,003.21 1.98SKF India Ltd. INE640A01023 Industrial Products 70129 983.35 1.94State Bank of Bikaner & Jaipur INE648A01026 Banks 134383 903.99 1.78Techno Electric & Engineering Co Ltd. INE286K01024 Construction Project 300000 895.35 1.77The Ramco Cements Ltd. INE331A01037 Cement 150000 893.10 1.76RBL Bank Ltd. INE976G01028 Banks 305075 888.38 1.75Multi Commodity Exchange of India Ltd. INE745G01035 Finance 60000 810.75 1.60UPL Ltd. INE628A01036 Pesticides 120000 808.62 1.60SRF Ltd. INE647A01010 Textile Products 45000 799.97 1.58Cadila Healthcare Ltd. INE010B01027 Pharmaceuticals 200000 775.60 1.53Max Financial Services Ltd. INE180A01020 Finance 135000 750.06 1.48Lupin Ltd. INE326A01037 Pharmaceuticals 50000 743.13 1.47Sun Pharmaceutical Industries Ltd. INE044A01036 Pharmaceuticals 100000 742.70 1.47Solar Industries India Limited INE343H01029 Chemicals 112250 729.85 1.44Federal Bank Ltd. INE171A01029 Banks 1000000 720.00 1.42Bajaj Finance Limited INE296A01024 Finance 65000 686.34 1.35Arvind Ltd. INE034A01011 Textile Products 200000 674.20 1.33Tech Mahindra Ltd. INE669C01036 Software 160000 671.76 1.33AIA Engineering Limited INE212H01026 Industrial 50000 644.73 1.27

Capital GoodsHCL Technologies Ltd. INE860A01027 Software 80000 639.92 1.26Bank of Baroda INE028A01039 Banks 350000 585.90 1.16Mahindra & Mahindra Ltd. INE101A01026 Auto 40000 562.28 1.11Ashok Leyland Ltd. INE208A01029 Auto 700000 557.20 1.10Container Corporation of India Ltd. INE111A01017 Transportation 40000 551.76 1.09Maruti Suzuki India Limited INE585B01010 Auto 10000 547.73 1.08Thermax Ltd. INE152A01029 Industrial 55000 464.86 0.92

Capital GoodsBlue Dart Express Ltd. INE233B01017 Transportation 8465 464.06 0.92Hawkins Cooker Ltd. INE979B01015 Household 15500 449.48 0.89

AppliancesState Bank of India. INE062A01020 Banks 168728 423.93 0.84Navneet Education Ltd. INE060A01024 Media and 415565 415.15 0.82

EntertainmentLIC Housing Finance Ltd. INE115A01026 Finance 50000 289.40 0.57Cummins India Ltd. INE298A01020 Industrial Products 30000 271.65 0.54Texmaco Rail & Engineering Ltd. INE621L01012 Industrial 225000 239.18 0.47

Capital GoodsKSB Pumps Ltd. INE999A01015 Industrial Products 38749 229.72 0.45Total 49,852.95 98.40Preference ShareListed/Awaiting listingon Stock ExchangeZee Entertainment INE256A04022 Media and 787500 74.42 0.15Enterprises Ltd. EntertainmentTotal 74.42 0.15Debt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange9.30% Blue Dart Express Ltd. INE233B08087 ICRA AA 59255 6.01 0.019.40% Blue Dart Express Ltd. INE233B08095 ICRA AA 33860 3.47 0.019.50% Blue Dart Express Ltd. INE233B08103 ICRA AA 25395 2.64 0.01Total 12.12 0.03Collateral Borrowing & Lending obligation 1,114.64 2.20Total 1,114.64 2.20Net Current Assets/(Liabilities) (382.31) (0.78)Grand Total 50,671.82 100.00Notes :1. Total value of illiquid equity shares and percentage to Net Assets : Nil2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. Portfolio Turnover Ratio : 49.16%4. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange8.78% Kotak Mahindra Prime Ltd. INE916DA7IQ3 CRISIL AAA 20 201.84 10.158.75% LIC Housing Finance Ltd. INE115A07JD0 CARE AAA 17 171.43 8.629.11% Fullerton India Credit Co. Ltd.(^) INE535H07654 CARE AAA 17 171.22 8.619.84% IOT Utkal Energy Services Ltd. INE310L07290 CRISIL 100 102.55 5.16

AAA(SO)Total 647.04 32.54Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CD IndusInd Bank Ltd. INE095A16TG7 CRISIL A1+ 215 203.35 10.22CD AXIS Bank Ltd. INE238A16N51 CRISIL A1+ 215 203.32 10.22CD Andhra Bank INE434A16NV0 CARE A1+ 215 203.26 10.22CD ICICI Bank Ltd. INE090A162I4 CRISIL A1+ 210 199.64 10.04CP Piramal Enterprises Limited INE140A14LQ2 ICRA A1+ 36 170.87 8.59Total 980.44 49.29Collateral Borrowing & Lending obligation 199.93 10.05Total 199.93 10.05Net Current Assets/(Liabilities) 161.85 8.12Grand Total 1,989.26 100.00Notes :1. Average Maturity of the portfolio : 0.65 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company


Kotak 50

Industry/ Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsEquity & Equity relatedListed/Awaiting listing onStock ExchangeHDFC Bank Ltd. INE040A01026 Banks 830000 10,564.66 8.74Infosys Ltd. INE009A01021 Software 737125 7,636.98 6.32Reliance Industries Ltd. INE002A01018 Petroleum Products 505000 5,472.69 4.53IndusInd Bank Ltd. INE095A01012 Banks 425000 5,082.79 4.20ICICI Bank Ltd. INE090A01021 Banks 2000000 5,043.00 4.17ITC Ltd. INE154A01025 Consumer 1980000 4,778.73 3.95

Non DurablesMaruti Suzuki India Limited INE585B01010 Auto 85000 4,655.71 3.85AXIS Bank Ltd. INE238A01034 Banks 840000 4,547.34 3.76Hero MotoCorp Ltd. INE158A01026 Auto 105000 3,584.39 2.96Larsen and Toubro Ltd. INE018A01030 Construction Project 250000 3,582.88 2.96Sun Pharmaceutical Industries Ltd. INE044A01036 Pharmaceuticals 478636 3,554.83 2.94Tata Motors Ltd. IN9155A01020 Auto 900800 3,067.22 2.54Ultratech Cement Ltd. INE481G01011 Cement 75000 2,888.66 2.39Britannia Industries Ltd. INE216A01022 Consumer 78539 2,642.05 2.19

Non DurablesMahindra & Mahindra Ltd. INE101A01026 Auto 187500 2,635.69 2.18Bharat Petroleum Corporation Ltd. INE029A01011 Petroleum Products 400000 2,450.40 2.03HCL Technologies Ltd. INE860A01027 Software 297000 2,375.70 1.96Tata Consultancy Services Ltd. INE467B01029 Software 90000 2,187.72 1.81Shree Cement Ltd. INE070A01015 Cement 11300 1,925.83 1.59The Ramco Cements Ltd. INE331A01037 Cement 289583 1,724.18 1.43Kajaria Ceramics Ltd. INE217B01028 Construction 123603 1,717.03 1.42Lupin Ltd. INE326A01037 Pharmaceuticals 112000 1,664.60 1.38State Bank of India. INE062A01020 Banks 640000 1,608.00 1.33Bayer Crop Science Ltd. INE462A01022 Pesticides 35100 1,569.62 1.30Asian Paints (India) Ltd. INE021A01026 Consumer 127500 1,479.89 1.22

Non DurablesD. B. Corp Limited INE950I01011 Media and 368008 1,453.08 1.20

EntertainmentIndraprastha Gas Ltd. INE203G01019 Gas 186265 1,449.33 1.20Cadila Healthcare Ltd. INE010B01027 Pharmaceuticals 355000 1,376.69 1.14Nestle India Ltd. INE239A01016 Consumer 20178 1,298.02 1.07

Non DurablesSanofi India Ltd. INE058A01010 Pharmaceuticals 31088 1,286.48 1.06Grasim Industries Ltd. INE047A01021 Cement 26000 1,257.50 1.04Siemens Ltd. INE003A01024 Industrial 100000 1,240.30 1.03

Capital GoodsEquitas Holdings Ltd. INE988K01017 Finance 700000 1,222.55 1.01Strides Arcolab Ltd. INE939A01011 Pharmaceuticals 121468 1,221.91 1.01Supreme Industries Limited INE195A01028 Industrial Products 134386 1,219.28 1.01Power Grid Corporation of India Ltd. INE752E01010 Power 690000 1,218.20 1.01HDFC Ltd. INE001A01036 Finance 86200 1,201.15 0.99Bharat Electronics Ltd. INE263A01016 Industrial 95000 1,182.51 0.98

Capital GoodsBank of Baroda INE028A01039 Banks 700000 1,171.80 0.97Persistent Systems Limited INE262H01013 Software 180000 1,152.18 0.95National Thermal Power Corporation Ltd. INE733E01010 Power 775000 1,147.00 0.95Shriram Transport Finance Co Ltd. INE721A01013 Finance 96000 1,116.14 0.92MRF Ltd. INE883A01011 Auto Ancillaries 2100 1,068.32 0.88Fag Bearings India Ltd. INE513A01014 Industrial Products 25230 1,032.25 0.85Tech Mahindra Ltd. INE669C01036 Software 245000 1,028.63 0.85Jubilant Foodworks Limited INE797F01012 Consumer 100000 964.00 0.80

Non DurablesAlstom India Limited INE878A01011 Industrial 174493 960.93 0.79

Capital GoodsLIC Housing Finance Ltd. INE115A01026 Finance 163075 943.88 0.78ICICI Prudential Life Insurance Co. Ltd. INE726G01019 Finance 230428 714.90 0.59Apollo Hospitals Enterprise Ltd. INE437A01024 Healthcare Services 50000 656.70 0.54Castrol (India) Ltd. INE172A01027 Petroleum Products 105000 498.70 0.41Solar Industries India Limited INE343H01029 Chemicals 59799 388.81 0.32Bharat Forge Ltd. INE465A01025 Industrial Products 31650 288.27 0.24Total 118,200.10 97.74WarrantsListed/Awaiting listing onStock ExchangeHDFC Ltd. INE001A13031 Finance 357700 591.99 0.49Total 591.99 0.49Debt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange9.30% Blue Dart Express Ltd. INE233B08087 ICRA AA 45500 4.61 #9.40% Blue Dart Express Ltd. INE233B08095 ICRA AA 26000 2.67 #9.50% Blue Dart Express Ltd. INE233B08103 ICRA AA 19500 2.03 #Total 9.31 #Term Deposits (Placed as margin)Bank DurationKotak Mahindra Bank Ltd. 12 Days 500.00 0.41Total 500.00 0.41Collateral Borrowing & Lending obligation 1,789.43 1.48Total 1,789.43 1.48Net Current Assets/(Liabilities) (184.88) (0.12)Grand Total 120,905.95 100.00Notes :1. Total value of illiquid equity shares and percentage to Net Assets : Nil2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. Portfolio Turnover Ratio : 61.73%4. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company


5. For the period ended 30th September,2016 hedging transactions throughfutures which have been squared off/expired are as follows;Total Number of contracts where futures were bought 253Total Number of contracts where futures were sold 253Gross Notional Value of contracts where futures were bought 1,757.90 LacsGross Notional Value of contracts where futures were sold 1,734.37 LacsNet Profit/Loss value on all contracts combined (23.54) Lacs

6. For the period ended 30th September,2016 other than hedgingtransactions through futures which have been squared off/expired are as follows;Total Number of contracts where futures were bought 536Total Number of contracts where futures were sold 536Gross Notional Value of contracts where futures were bought 2,308.26 LacsGross Notional Value of contracts where futures were sold 2,342.27 LacsNet Profit/Loss value on all contracts combined 34.01 Lacs


Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock ExchangeZCB India Infoline Finance Limited INE866I07AB4 ICRA AA 30 341.62 13.87ZCB India Infoline Housing Finance Ltd. INE477L07388 ICRA AA 30 340.37 13.828.84% Power Grid Corporation of India Ltd. INE752E07HQ8 CRISIL AAA 23 287.76 11.6810.20% Aditya Birla Finance Ltd. INE860H07391 FITCH IND AA+ 25 251.71 10.22Total 1,221.46 49.59Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.75% Government Stock - 2016 IN1520120115 SOV 140000 140.36 5.70Total 140.36 5.70Collateral Borrowing & Lending obligation 799.80 32.47Total 799.80 32.47Reverse RepoSankhya Financial Service Pvt. Ltd. 243.17 9.87Total 243.17 9.87Net Current Assets/(Liabilities) 58.32 2.37Grand Total 2,463.11 100.00Notes :1. Average Maturity of the portfolio : 0.15 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange9.28% Rural Electrification Corporation Ltd. INE020B08658 CRISIL AAA 121 1,218.88 12.009.62% LIC Housing Finance Ltd. INE115A07BZ0 CRISIL AAA 90 906.11 8.92ZCB HDFC Ltd. INE001A07HU0 CRISIL AAA 55 852.86 8.409.20% Small Industries Development INE556F09379 CARE AAA 80 805.96 7.93Bank of India.ZCB Edelweiss Financial Services Limited INE532F07AN3 CARE AA 50 678.86 6.6811.60% ECL Finance Limited INE804I07SG6 CARE AA 40000 404.51 3.9810.05% HDB Financial Services Ltd. INE756I07373 CRISIL AAA 40 403.12 3.97ZCB Mahindra & Mahindra INE774D07KZ9 FITCH IND AAA 16 155.76 1.53Financial Services Ltd.9.75% HDFC Ltd. INE001A07HN5 CRISIL AAA 3 30.13 0.309.01% Tata Capital Financial Services Ltd. INE306N07EX7 CRISIL AA+ 2 20.11 0.20Total 5,476.30 53.91Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.75% Government Stock - 2016 IN1520120115 SOV 175000 175.45 1.73Total 175.45 1.73Privately placed / Unlisted10.85% Inox Air Products Ltd. INE321A07092 CRISIL AA 40 401.82 3.96Total 401.82 3.96Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CP Piramal Enterprises Limited INE140A14JJ1 ICRA A1+ 370 1,797.00 17.69CD ICICI Bank Ltd. INE090A162F0 ICRA A1+ 1200 1,169.29 11.51CD Export-Import Bank of India. INE514E16AL9 CRISIL A1+ 1140 1,112.89 10.96Total 4,079.18 40.16Reverse RepoSankhya Financial Services Pvt. Ltd. 745.19 7.34Total 745.19 7.34Net Current Assets/(Liabilities) (719.29) (7.10)Grand Total 10,158.65 100.00Notes :1. Average Maturity of the portfolio : 0.35 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company


Kotak Emerging Equity

Industry / Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsEquity & Equity relatedListed/Awaiting listing onStock ExchangeWhirlpool of India Ltd. INE716A01013 Consumer Durables 367523 3,738.81 3.29The Ramco Cements Ltd. INE331A01037 Cement 592399 3,527.14 3.10V-Guard Industries Ltd. INE951I01027 Industrial 1915877 3,519.47 3.10

Capital GoodsAtul Ltd. INE100A01010 Chemicals 150240 3,432.01 3.02Finolex Cables Ltd. INE235A01022 Industrial Products 769742 3,402.26 2.99Fag Bearings India Ltd. INE513A01014 Industrial Products 76134 3,114.91 2.74Solar Industries India Limited INE343H01029 Chemicals 471535 3,065.92 2.70SRF Ltd. INE647A01010 Textile Products 160446 2,852.25 2.51Persistent Systems Limited INE262H01013 Software 438518 2,806.95 2.47IndusInd Bank Ltd. INE095A01012 Banks 234565 2,805.28 2.47D.B. Corp Limited INE950I01011 Media and 707795 2,794.73 2.46

EntertainmentStrides Arcolab Ltd. INE939A01011 Pharmaceuticals 271329 2,729.43 2.40Motherson Sumi Systems Ltd. INE775A01035 Auto Ancillaries 839825 2,670.64 2.35Alkem Laboratories Ltd. INE540L01014 Pharmaceuticals 159441 2,648.71 2.33Hawkins Cooker Ltd. INE979B01015 Household 89990 2,609.58 2.30

AppliancesFederal Bank Ltd. INE171A01029 Banks 3578400 2,576.45 2.27Shriram City Union Finance Ltd. INE722A01011 Finance 107405 2,281.87 2.01Carborundum Universal Ltd. INE120A01034 Industrial Products 834311 2,270.99 2.00Kewal Kiran Clothing Limited INE401H01017 Textile Products 118671 2,255.16 1.98PVR Ltd. INE191H01014 Media and 182225 2,159.73 1.90

EntertainmentIndraprastha Gas Ltd. INE203G01019 Gas 261000 2,030.84 1.79Sundaram Finance Ltd. INE660A01013 Finance 152237 2,024.14 1.78ICICI Bank Ltd. INE090A01021 Banks 783000 1,974.33 1.74Navneet Education Ltd. INE060A01024 Media and 1905791 1,903.89 1.67

EntertainmentMahindra & Mahindra INE774D01024 Finance 521267 1,898.98 1.67Financial Services Ltd.Va Tech Wabag Limited INE956G01038 Engineering Services 316373 1,738.31 1.53JK Lakshmi Cement Ltd. INE786A01032 Cement 343918 1,717.01 1.51Bajaj Finance Limited INE296A01024 Finance 146830 1,550.38 1.36Divis Laboratories Ltd. INE361B01024 Pharmaceuticals 119713 1,545.26 1.36Finolex Industries Ltd. INE183A01016 Industrial Products 340000 1,533.57 1.35Torrent Pharmaceuticals Ltd. INE685A01028 Pharmaceuticals 93790 1,522.73 1.34SKF India Ltd. INE640A01023 Industrial Products 105413 1,478.10 1.30Pennar Engineered INE455O01019 Ferrous Metals 848780 1,459.90 1.28Building Systems LimitedBritannia Industries Ltd. INE216A01022 Consumer Non Durables 42756 1,438.31 1.27Oberoi Realty Limited INE093I01010 Construction 484371 1,415.09 1.24PNC Infratech INE195J01029 Construction Project 1141860 1,329.70 1.17Castrol (India) Ltd. INE172A01027 Petroleum Products 250000 1,187.38 1.04Max Financial Services Ltd INE180A01020 Finance 209627 1,164.69 1.02Coromandel International Limited INE169A01031 Fertilisers 463715 1,140.74 1.00D-Link (India) Ltd. INE250K01012 Hardware 1281420 1,115.48 0.98Ramkrishna Forgings Ltd. INE399G01015 Industrial Products 323483 1,115.37 0.98Equitas Holdings Ltd. INE988K01017 Finance 603484 1,053.98 0.93IDFC Bank Limited INE092T01019 Banks 1305000 1,042.04 0.92Greaves Cotton Ltd. INE224A01026 Industrial Products 783709 1,018.04 0.90Jubilant Foodworks Limited INE797F01012 Consumer Non Durables 100242 966.33 0.85Zuari Agro Chemicals Ltd. INE840M01016 Fertilisers 512327 934.23 0.82ICICI Prudential Life Insurance Co. Ltd. INE726G01019 Finance 300000 930.75 0.82Maharashtra Seamless Ltd. INE271B01025 Ferrous Metals 406604 846.96 0.74WPIL Ltd. INE765D01014 Industrial Products 219668 791.90 0.70Apollo Hospitals Enterprise Ltd. INE437A01024 Healthcare Services 60000 788.04 0.69Power Mech Projects Ltd. INE211R01019 Power 156830 762.12 0.67Multi Commodity Exchange of India Ltd. INE745G01035 Finance 56000 756.70 0.67Engineers India Ltd. INE510A01028 Construction Project 304470 756.46 0.67Kirloskar Brothers Ltd. INE732A01036 Industrial Products 454374 743.13 0.65Supreme Industries Limited INE195A01028 Industrial Products 78594 713.08 0.63GMM Pfaudler Ltd. INE541A01023 Engineering 157103 616.55 0.54Bank of Baroda INE028A01039 Banks 366880 614.16 0.54Kec International Ltd. INE389H01022 Power 435480 548.49 0.48IFB Industries Ltd. INE559A01017 Consumer Durables 88161 365.21 0.32Total 103,794.66 91.31Other than Hedging Positions through Futures 1,099.50 0.97Total 1,099.50 0.97Debt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange9.30% Blue Dart Express Ltd. INE233B08087 ICRA AA 42469 4.30 #9.40% Blue Dart Express Ltd. INE233B08095 ICRA AA 24268 2.49 #9.50% Blue Dart Express Ltd. INE233B08103 ICRA AA 18201 1.89 #Total 8.68 #Term Deposits (Placed as margin)Bank DurationHDFC Bank Ltd. 75 Days 250.00 0.22Total 250.00 0.22Collateral Borrowing & Lending obligation 10,201.76 8.97Total 10,201.76 8.97Net Current Assets/(Liabilities) (1,668.58) (1.47)Grand Total 113,686.02 100.00Notes :1. Total value of illiquid equity shares and percentage to Net Assets : Nil2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. Portfolio Turnover Ratio : 27.61%4. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company


5. Other than Hedging Positions through Futures as on 30th September, 2016Underlying Long/Short Futures Price Current Price of Margin Maintained

When purchased the Contract in LakhsShriram Transport Finance Co Ltd. Long 1,140.15 1,167.20 180.13October 2016 FutureTotal %age of existing assets non hedged through futures 0.97%

6. For the period ended 30th September,2016 other than hedgingtransactions through futures which have been squared off/expired are as follows;Total Number of contracts where futures were bought 123Total Number of contracts where futures were sold 123Gross Notional Value of contracts where futures were bought 834.25 LacsGross Notional Value of contracts where futures were sold 838.14 LacsNet Profit/Loss value on all contracts combined 3.89 Lacs

7. For the period ended 30th September,2016 other than hedging transactionsthrough options which have already been exercised/expired are as follows; Total number of contracts entered into 2,400.00Gross Notional Value of contracts 13,500.00 Lacs Net Profit/Loss value on all contracts (54.41) Lacs


6


Market Value % to NetName of Instrument (Rs.in Lakhs) AssetsMoney Market InstrumentsCollateral Borrowing & Lending obligation 924.77 98.31Total 924.77 98.31Net Current Assets/(Liabilities) 15.87 1.69Grand Total 940.64 100.00Notes :1. Average Maturity of the portfolio : 0.01 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.




Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange9.20% Small Industries Development INE556F09379 CARE AAA 175 1,763.05 12.65Bank of India.ZCB Bajaj Finance Limited INE296A08748 CRISIL AA+ 130 1,450.93 10.4110.05% HDB Financial Services Ltd. INE756I07373 CRISIL AAA 135 1,360.54 9.768.28% Rural Electrification Corporation Ltd. INE020B08989 CRISIL AAA 115 1,155.10 8.298.71% Tata Capital Financial Services Limited INE306N07FU0 CRISIL AA+ 108 1,083.92 7.78ZCB HDFC Ltd. INE001A07HP0 CRISIL AAA 50 775.89 5.579.84% IOT Utkal Energy Services Ltd. INE310L07241CRISIL AAA(SO) 602 609.79 4.389.52% Rural Electrification Corporation Ltd. INE020B07II1 CRISIL AAA 10 101.07 0.731.43% HDFC Ltd. INE001A07OC4 CRISIL AAA 1 97.36 0.708.71% Tata Capital Housing Finance Ltd. INE033L07BZ2 CRISIL AA+ 1 10.04 0.07Total 8,407.69 60.34Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.75% Government Stock - 2016 IN1520120081 SOV 1000000 1,000.10 7.188.58% Government Stock - 2016 IN1920120038 SOV 25000 25.03 0.18Total 1,025.13 7.36Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CD Dena Bank INE077A16DS4 CRISIL A1+ 1600 1,554.15 11.15CD AXIS Bank Ltd. INE238A16J99 CRISIL A1+ 1200 1,161.70 8.34CD IDBI Bank Ltd. INE008A16K78 CRISIL A1+ 1000 976.64 7.01Total 3,692.49 26.50Collateral Borrowing & Lending obligation 204.93 1.47Total 204.93 1.47Net Current Assets/(Liabilities) 604.97 4.33Grand Total 13,935.21 100.00Notes :1. Average Maturity of the portfolio : 0.37 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company


Kotak Opportunities

Market Value % to NetName of Instrument ISIN Code Industry Quantity (Rs.in Lakhs) AssetsEquity & Equity relatedListed/Awaiting listing onStock ExchangeHDFC Bank Ltd. INE040A01026 Banks 350000 4,454.98 5.14Infosys Ltd. INE009A01021 Software 360000 3,729.78 4.30ITC Ltd. INE154A01025 Consumer 1325000 3,197.89 3.69

Non DurablesShree Cement Ltd. INE070A01015 Cement 17765 3,027.64 3.49Reliance Industries Ltd. INE002A01018 Petroleum Products 275000 2,980.18 3.44Maruti Suzuki India Limited INE585B01010 Auto 50000 2,738.65 3.16Hindustan Petroleum Corporation Ltd. INE094A01015 Petroleum Products 645000 2,734.48 3.15Hero MotoCorp Ltd. INE158A01026 Auto 80000 2,730.96 3.15Dalmia Cement (Bharat) Ltd. INE439L01019 Cement 125000 2,338.75 2.70Bharat Petroleum Corporation Ltd. INE029A01011 Petroleum Products 380000 2,327.88 2.68Ultratech Cement Ltd. INE481G01011 Cement 60000 2,310.93 2.66AXIS Bank Ltd. INE238A01034 Banks 425000 2,300.74 2.65IndusInd Bank Ltd. INE095A01012 Banks 185000 2,212.51 2.55Larsen and Toubro Ltd. INE018A01030 Construction Project 150000 2,149.73 2.48ICICI Bank Ltd. INE090A01021 Banks 850000 2,143.28 2.47UPL Ltd. INE628A01036 Pesticides 300500 2,024.92 2.33State Bank of India. INE062A01020 Banks 800000 2,010.00 2.32Britannia Industries Ltd. INE216A01022 Consumer 52650 1,771.15 2.04

Non DurablesTorrent Pharmaceuticals Ltd. INE685A01028 Pharmaceuticals 105000 1,704.73 1.97Tata Motors Ltd. INE155A01022 Auto 316513 1,692.87 1.95Indraprastha Gas Ltd. INE203G01019 Gas 210000 1,634.01 1.88Bajaj Finance Limited INE296A01024 Finance 150000 1,583.85 1.83The Ramco Cements Ltd. INE331A01037 Cement 250000 1,488.50 1.72Petronet LNG Ltd. INE347G01014 Gas 425000 1,467.95 1.69Max Financial Services Ltd. INE180A01020 Finance 254200 1,412.34 1.63Mahindra & Mahindra Ltd. INE101A01026 Auto 100000 1,405.70 1.62Sun Pharmaceutical Industries Ltd. INE044A01036 Pharmaceuticals 185000 1,374.00 1.58Health Care Global Enterprises Ltd INE075I01017 Healthcare Services 553301 1,223.07 1.41Multi Commodity Exchange of India Ltd. INE745G01035 Finance 90000 1,216.13 1.40HCL Technologies Ltd. INE860A01027 Software 150000 1,199.85 1.38MRF Ltd. INE883A01011 Auto Ancillaries 2300 1,170.07 1.35Tech Mahindra Ltd. INE669C01036 Software 272000 1,141.99 1.32Arvind Ltd. INE034A01011 Textile Products 336502 1,134.35 1.31National Buildings Construction INE095N01023 Construction 400000 1,007.00 1.16Corporation Ltd.Lupin Ltd. INE326A01037 Pharmaceuticals 65500 973.49 1.12AIA Engineering Limited INE212H01026 Industrial 75000 967.09 1.11

Capital GoodsJK Cement Ltd. INE823G01014 Cement 110000 963.33 1.11Whirlpool of India Ltd. INE716A01013 Consumer Durables 92984 945.93 1.09GAIL (India) Ltd. INE129A01019 Gas 225000 842.96 0.97Bank of Baroda INE028A01039 Banks 500000 837.00 0.96Va Tech Wabag Limited INE956G01038 Engineering Services 150000 824.18 0.95Fag Bearings India Ltd. INE513A01014 Industrial Products 19000 777.36 0.90Persistent Systems Limited INE262H01013 Software 120000 768.12 0.89Cummins India Ltd. INE298A01020 Industrial Products 80000 724.40 0.84Federal Bank Ltd. INE171A01029 Banks 1000000 720.00 0.83Ashok Leyland Ltd. INE208A01029 Auto 900000 716.40 0.83Container Corporation of India Ltd. INE111A01017 Transportation 50000 689.70 0.80Techno Electric & Engineering Co Ltd. INE286K01024 Construction Project 200000 596.90 0.69Equitas Holdings Ltd. INE988K01017 Finance 300000 523.95 0.60Prestige Estates Projects Limited INE811K01011 Construction 250000 480.50 0.55SKF India Ltd. INE640A01023 Industrial Products 30000 420.66 0.48CESC Ltd. INE486A01013 Power 65000 396.99 0.46Swaraj Engines Ltd. INE277A01016 Industrial Products 30000 355.31 0.41ICICI Prudential Life Insurance Co. Ltd. INE726G01019 Finance 59193 183.65 0.21Total 82,748.78 95.40Privately placed / UnlistedSRM Radiant Infotech Ltd. INE624B01017 Software 200000 # #Virtual Dynamics Software Ltd. INE406B01019 Software 200000 # #Total # #Preference SharesListed/Awaiting listing onStock ExchangeZee Entertainment Enterprises Ltd. INE256A04022 Media and 11223092 115.58 0.13

EntertainmentTotal 115 .58 0 . 1 3WarrantsListed/Awaiting listing onStock ExchangeHDFC Ltd. INE001A13031 Finance 292000 483.26 0.56Total 483.26 0.56Term Deposits (Placed as margin)Bank DurationKotak Mahindra Bank Ltd. 28 Days 200.00 0.23Kotak Mahindra Bank Ltd. 31 Days 150.00 0.17Total 350.00 0.40Collateral Borrowing & Lending obligation 4,108.68 4.74Total 4,108.68 4.74Net Current Assets/(Liabilities) (1,055.15) (1.23)Grand Total 86,751.15 100.00Notes :1. Total value of illiquid equity shares and percentage to Net Assets : Nil2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. Portfolio Turnover Ratio : 41.69%4. For the period ended 30th September, 2016 hedging transactions through futures which

have been squared off/expired are as follows; Total Number of contracts where futures were bought 498Total Number of contracts where futures were sold 498Gross Notional Value of contracts where futures were bought 3,333.62 LacsGross Notional Value of contracts where futures were sold 3,092.14 LacsNet Profit/Loss value on all contracts combined (241.48) Lacs

5. For the period ended 30th September, 2016 other than hedging transactions throughfutures which have been squared off/expired are as follows;Total Number of contracts where futures were bought 253Total Number of contracts where futures were sold 253Gross Notional Value of contracts where futures were bought 1,260.47 LacsGross Notional Value of contracts where futures were sold 1,271.92 LacsNet Profit/Loss value on all contracts combined 11.45 Lacs

6. For the period ended 30th September, 2016 other than hedging transactionsthrough options which have already been exercised/expired are as follows; Total number of contracts entered into 500.00Gross Notional Value of contracts 3,800.00 Lacs Net Profit/Loss value on all contracts 25.49 Lacs

Kotak Asset Allocator Fund

Market Value % to NetName of Instrument ISIN Code Industry Quantity (Rs.in Lakhs) AssetsMutual Fund UnitsKotak Treasury Advantage INF174K01JP2 Debt Scheme 5461746.23 1,388.39 48.20Fund Direct GrowthKotak Select Focus INF174K01LS2 Equity 2204065.935 601.78 20.89Fund Direct Growth SchemeKotak Mahindra Bond Plan- INF174K01JC0 Debt Scheme 1269554.31 597.50 20.74A Direct GrowthKotak Liquid Plan A-Direct Growth INF174K01NE8 Debt Scheme 8160.1129 260.31 9.04Total 2,847.98 98.87Net Current Assets/(Liabilities) 32.53 1.13Grand Total 2,880.51 100.00Notes :1. Total value of illiquid equity shares and percentage to Net Assets : Nil2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.

Kotak Multi Asset Allocation Fund

Industry / Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsEquity & Equity relatedListed/Awaiting listing onStock ExchangeHDFC Bank Ltd. INE040A01026 Banks 2277 28.98 1.30Grasim Industries Ltd. INE047A01021 Cement 444 21.47 0.96Bharat Petroleum Corporation Ltd. INE029A01011 Petroleum Products 3361 20.59 0.92IndusInd Bank Ltd. INE095A01012 Banks 1673 20.01 0.90Asian Paints (India) Ltd. INE021A01026 Consumer 1696 19.69 0.88

Non DurablesHero Moto Corp Ltd. INE158A01026 Auto 526 17.96 0.81Infosys Ltd. INE009A01021 Software 1531 15.86 0.71ITC Ltd. INE154A01025 Consumer 6567 15.85 0.71

Non DurablesPower Grid Corporation of India Ltd. INE752E01010 Power 8597 15.18 0.68GNA Axles Ltd. INE934S01014 Auto Ancillaries 5985 13.66 0.61Tata Steel Limited INE081A01012 Ferrous Metals 3118 11.67 0.52National Thermal Power Corporation Ltd. INE733E01010 Power 7833 11.59 0.52ICICI Prudential Life Insurance Co. Ltd. INE726G01019 Finance 3415 10.60 0.48Bajaj Finance Limited INE296A01024 Finance 857 9.05 0.41Zee Entertainment Enterprises Ltd. INE256A01028 Media and 1533 8.38 0.38

EntertainmentYES Bank Ltd. INE528G01019 Banks 609 7.64 0.34Reliance Industries Ltd. INE002A01018 Petroleum Products 704 7.63 0.34Petronet LNG Ltd. INE347G01014 Gas 2017 6.97 0.31Ambuja Cements Ltd. INE079A01024 Cement 2756 6.94 0.31Hindustan Unilever Ltd. INE030A01027 Consumer 798 6.93 0.31

Non DurablesACC Ltd. INE012A01025 Cement 430 6.88 0.31Eicher Motors Ltd. INE066A01013 Auto 27 6.70 0.30Biocon Ltd. INE376G01013 Pharmaceuticals 692 6.46 0.29GAIL (India) Ltd. INE129A01019 Gas 1616 6.05 0.27Hindalco Industries Ltd. INE038A01020 Non - Ferrous Metals 3928 6.00 0.27The Ramco Cements Ltd. INE331A01037 Cement 974 5.80 0.26JSW Steel Ltd. INE019A01020 Ferrous Metals 328 5.67 0.25ICICI Bank Ltd. INE090A01021 Banks 2201 5.55 0.25AXIS Bank Ltd. INE238A01034 Banks 991 5.36 0.24Larsen and Toubro Ltd. INE018A01030 Construction Project 319 4.57 0.21Bosch Limited INE323A01026 Auto Ancillaries 20 4.56 0.20Ultratech Cement Ltd. INE481G01011 Cement 114 4.39 0.20Tata Motors Ltd. INE155A01022 Auto 762 4.08 0.18Bajaj Auto Ltd. INE917I01010 Auto 144 4.07 0.18Mahindra & Mahindra Ltd. INE101A01026 Auto 272 3.82 0.17Wipro Ltd. INE075A01022 Software 642 3.07 0.14HDFC Ltd. INE001A01036 Finance 217 3.02 0.14Maruti Suzuki India Limited INE585B01010 Auto 54 2.96 0.13Dr.Reddy's Laboratories Ltd. INE089A01023 Pharmaceuticals 83 2.58 0.12Lupin Ltd. INE326A01037 Pharmaceuticals 153 2.27 0.10The Indian Hotels Company Ltd. INE053A01029 Hotels 1428 1.86 0.08Vedanta Ltd. INE205A01025 Minerals/Mining 924 1.59 0.07Shriram Transport Finance Co Ltd. INE721A01013 Finance 126 1.46 0.07HCL Technologies Ltd. INE860A01027 Software 172 1.38 0.06Tech Mahindra Ltd. INE669C01036 Software 206 0.86 0.04Ashok Leyland Ltd. INE208A01029 Auto 773 0.62 0.03Mahindra & Mahindra INE774D01024 Finance 129 0.47 0.02Financial Services Ltd.Aditya Birla Nuvo Limited INE069A01017 Services 28 0.38 0.02Total 379.13 17.00FuturesNIFTY October 2016 Future (150.00) (12.96) (0.58)

Total (12.96) (0.58)Mutual Fund UnitsExchange Traded FundsListed/Awaiting listing onStock ExchangeKotak Gold ETF INF373I01049 Exchange Traded Funds 67041 188.15 8.44

Total 188.15 8.44Debt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange9.60% Hindalco Industries Ltd. INE038A07274 CRISIL AA- 8 84.94 3.81

Total 84.94 3.81Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.72% Government Stock - 2021 IN3320140178 SOV 400000 422.31 18.948.45% Government Stock - 2023 IN1320150072 SOV 350000 367.64 16.49

8.53% Government Stock - 2022 IN2820150174 SOV 300000 314.06 14.08Total 1,104.01 49.51Term Deposits (Placed as margin)Bank DurationKotak Mahindra Bank Ltd. 31 Days 25.00 1.12

Total 25 .00 1.12Collateral Borrowing & Lending obligation 409.87 18.38

Total 409 .87 18 .38Net Current Assets/(Liabilities) 51.89 2.32

Grand Total 2,230.03 100.00Notes :1. Average Maturity of the portfolio : 3.02 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company Limited


4. Other than Hedging Positions through Futures as on 30th September,2016Underlying Long/Short Futures Price Current Price of Margin Maintained

When purchased the Contract in LakhsNifty October 2016 Future Short 8797.05 8640.65 1.30Total %age of existing assets non hedged through futures (0.58%)

5. For the period ended 30th September, 2016 other than hedgingtransactions through futures which have been squared off/expired are as follows; Total Number of contracts where futures were bought 12Total Number of contracts where futures were sold 12Gross Notional Value of contracts where futures were bought 75.44 LacsGross Notional Value of contracts where futures were sold 75.76 LacsNet Profit/Loss value on all contracts combined (1.18) Lacs

Kotak India Growth Fund Series I

Market Value % to NetName of Instrument ISIN Code Industry Quantity (Rs.in Lakhs) AssetsEquity & Equity relatedListed/Awaiting listing onStock ExchangeHDFC Bank Ltd. INE040A01026 Banks 300000 3,818.55 9.57Infosys Ltd. INE009A01021 Software 293000 3,035.63 7.60ICICI Bank Ltd. INE090A01021 Banks 1050000 2,647.58 6.63Maruti Suzuki India Limited INE585B01010 Auto 48000 2,629.10 6.59IndusInd Bank Ltd. INE095A01012 Banks 212500 2,541.39 6.37Reliance Industries Ltd. INE002A01018 Petroleum Products 190000 2,059.03 5.16AXIS Bank Ltd. INE238A01034 Banks 365000 1,975.93 4.95Sun Pharmaceutical Industries Ltd. INE044A01036 Pharmaceuticals 260831 1,937.19 4.85Britannia Industries Ltd. INE216A01022 Consumer 57000 1,917.48 4.80

Non DurablesLarsen and Toubro Ltd. INE018A01030 Construction 130000 1,863.10 4.67

ProjectUltratech Cement Ltd. INE481G01011 Cement 48100 1,852.60 4.64Tata Motors Ltd. IN9155A01020 Auto 530000 1,804.65 4.52Hero MotoCorp Ltd. INE158A01026 Auto 50000 1,706.85 4.28Shree Cement Ltd. INE070A01015 Cement 9128 1,555.66 3.90Kajaria Ceramics Ltd. INE217B01028 Construction 88072 1,223.45 3.06Persistent Systems Limited INE262H01013 Software 190420 1,218.88 3.05Equitas Holdings Ltd. INE988K01017 Finance 655339 1,144.55 2.87Oracle Financial Services Software Ltd. INE881D01027 Software 33000 1,063.52 2.66Power Grid Corporation of India Ltd. INE752E01010 Power 545000 962.20 2.41Jubilant Foodworks Limited INE797F01012 Consumer 86799 836.74 2.10

Non DurablesICICI Prudential Life Insurance Co. Ltd. INE726G01019 Finance 44392 137.73 0.34Total 37,931.81 95.02Term Deposits (Placed as margin)Bank DurationKotak Mahindra Bank Ltd. 35 Days 300.00 0.75Total 300.00 0.75Collateral Borrowing & Lending obligation 1,739.44 4.36Total 1,739.44 4.36Net Current Assets/(Liabilities) (49.80) (0.13)Grand Total 39,921.45 100.00

Notes :1. Total value of illiquid equity shares and percentage to Net Assets : Nil

2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. Portfolio Turnover Ratio : 12.43%4. For the period ended 30th September,2016 hedging transactions through

futures which have been squared off/expired are as follows; Total Number of contracts where futures were bought 172Total Number of contracts where futures were sold 172Gross Notional Value of contracts where futures were bought 1,177.11 LacsGross Notional Value of contracts where futures were sold 1,134.83 LacsNet Profit/Loss value on all contracts combined (42.28) Lacs

Kotak Bond

Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange8.40% Canara Bank INE476A08050 CRISIL AAA 2170 22,631.69 5.6111.09% IDBI Bank Ltd. INE008A08V34 ICRA A+ 1000 10,089.85 2.508.85% Bajaj Finance Limited INE296A08789 CARE AAA 935 9,567.52 2.379.50% Union Bank of India INE692A08029 CARE AA 650 6,557.56 1.6310.99% Andhra Bank INE434A08067 CRISIL AA- 609 6,196.31 1.549.25% Rural Electrification Corporation Ltd. INE020B08773 CRISIL AAA 510 5,187.54 1.2911.25% Syndicate Bank INE667A08070 CARE AA- 396 4,064.58 1.019.10% East-North Interconnection Co. Ltd. INE556S07343 CRISIL AAA(SO) 125 1,299.92 0.329.25% East-North Interconnection Co. Ltd. INE556S07582 CRISIL AAA(SO) 100 1,051.32 0.269.25% East-North Interconnection Co. Ltd. INE556S07509 CRISIL AAA(SO) 100 1,051.32 0.267.83% Indian Railway Finance Corporation Ltd. INE053F07751 CRISIL AAA 60 601.34 0.158.95% HDFC Ltd. INE001A07FV2 CRISIL AAA 10 103.90 0.03Total 68,402.85 16.97Government Dated SecuritiesListed/Awaiting listing onStock Exchange7.73% Government Stock - 2034 IN0020150051 SOV 93195000 98,917.92 24.527.61% Government Stock - 2030 IN0020160019 SOV 88000000 92,849.68 23.027.59% Government Stock - 2029 IN0020150069 SOV 77800000 81,450.45 20.197.88% Government Stock - 2030 IN0020150028 SOV 10000000 10,709.26 2.657.72% Government Stock - 2025 IN0020150036 SOV 10000000 10,447.68 2.598.19% Government Stock - 2026 IN2920160123 SOV 9598850 10,081.20 2.508.27% Government Stock - 2022 IN2920160081 SOV 8596000 8,908.41 2.218.18% Government Stock - 2023 IN2820160074 SOV 7500000 7,781.29 1.938.27% Government Stock - 2023 IN2920160099 SOV 5596000 5,832.26 1.458.53% Government Stock - 2022 IN3720150082 SOV 2000000 2,093.76 0.528.24% Government Stock - 2033 IN0020140052 SOV 475000 524.88 0.138.45% Government Stock - 2023 IN1320150072 SOV 150000 157.56 0.048.39% Government Stock - 2018 IN2920150272 SOV 50000 50.87 0.018.43% Government Stock - 2019 IN3420080100 SOV 25000 25.79 0.01Total 329,831.01 81.77Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CD ICICI Bank Ltd. INE090A166H7 ICRA A1+ 2100 2,002.92 0.50Total 2,002.92 0.50Collateral Borrowing & Lending obligation 2,899.07 0.72Total 2,899.07 0.72Reverse RepoSankhya Financial Services Pvt. Ltd. 925.29 0.23Total 925.29 0.23Net Current Assets/(Liabilities) (637.48) (0.19)Grand Total 403,423.66 100.00Notes :1. Average Maturity of the portfolio : 12.63 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



7

Kotak Sensex ETF

Market Value % to NetName of Instrument ISIN Code Industry Quantity (Rs.in Lakhs) AssetsEquity & Equity relatedListed/Awaiting listing onStock ExchangeHDFC Bank Ltd. INE040A01026 Banks 8598 109.34 10.00HDFC Ltd. INE001A01036 Finance 6783 94.49 8.65Infosys Ltd. INE009A01021 Software 8567 88.93 8.14ITC Ltd. INE154A01025 Consumer 36284 87.64 8.02

Non DurablesReliance Industries Ltd. INE002A01018 Petroleum Products 7091 76.73 7.02ICICI Bank Ltd. INE090A01021 Banks 24940 62.92 5.76Tata Consultancy Services Ltd. INE467B01029 Software 2281 55.36 5.07Larsen and Toubro Ltd. INE018A01030 Construction Project 3437 49.21 4.50Tata Motors Ltd. INE155A01022 Auto 8293 44.35 4.06AXIS Bank Ltd. INE238A01034 Banks 7167 38.83 3.55Sun Pharmaceutical Industries Ltd. INE044A01036 Pharmaceuticals 4643 34.48 3.16State Bank of India. INE062A01020 Banks 13312 33.37 3.05Maruti Suzuki India Limited INE585B01010 Auto 570 31.23 2.86Mahindra & Mahindra Ltd. INE101A01026 Auto 1997 28.08 2.57Hindustan Unilever Ltd. INE030A01027 Consumer 3062 26.57 2.43

Non DurablesAsian Paints (India) Ltd. INE021A01026 Consumer 1933 22.46 2.06

Non DurablesOil And Natural Gas Corporation Ltd. INE213A01029 Oil 7703 19.77 1.81Hero MotoCorp Ltd. INE158A01026 Auto 548 18.71 1.71Bharti Airtel Ltd. INE397D01024 Telecom - Services 5655 17.76 1.62Coal India Limited INE522F01014 Minerals/Mining 5416 17.47 1.60Power Grid Corporation of India Ltd. INE752E01010 Power 9420 16.61 1.52Bajaj Auto Ltd. INE917I01010 Auto 583 16.51 1.51Dr. Reddy's Laboratories Ltd. INE089A01023 Pharmaceuticals 525 16.32 1.49National Thermal Power Corporation Ltd. INE733E01010 Power 10605 15.75 1.44Lupin Ltd. INE326A01037 Pharmaceuticals 1025 15.23 1.39Wipro Ltd. INE075A01022 Software 2710 12.94 1.18Cipla Ltd. INE059A01026 Pharmaceuticals 2171 12.60 1.15Tata Steel Limited INE081A01012 Ferrous Metals 2873 10.76 0.98Adani Port and Special Economic Zone Ltd. INE742F01042 Transportation 3818 9.80 0.90GAIL (India) Ltd. INE129A01019 Gas 2012 7.53 0.69Total 1,091.75 99.89Net Current Assets/(Liabilities) 1.17 0.11Grand Total 1,092.92 100.00

Notes :1. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.


Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock ExchangeZCB Mahindra & Mahindra INE774D07KZ9 FITCH IND AAA 296 2,881.56 10.28Financial Services Ltd.ZCB ICICI Home Finance Company Ltd. INE071G07173 ICRA AAA 500 2,867.50 10.23ZCB Bajaj Finance Limited INE296A07FC8 CRISIL AA+ 240 2,769.36 9.889.01% Tata Capital Financial Services Ltd. INE306N07EX7 CRISIL AA+ 249 2,503.21 8.939.28% Rural Electrification Corporation Ltd. INE020B08658 CRISIL AAA 60 604.40 2.168.72% Power Finance Corporation Ltd. INE134E08FC1 CRISIL AAA 14 140.69 0.50Total 11,766.72 41.98Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.58% Government Stock - 2016 IN1920120038 SOV 50000 50.06 0.18Total 50.06 0.18Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CD YES Bank Ltd. INE528G16E22 CRISIL A1+ 3300 3,218.57 11.49CD National Bank for Agriculture INE261F16181 CRISIL A1+ 2500 2,437.92 8.70and Rural DevelopmentCD IDBI Bank Ltd. INE008A16K78 CRISIL A1+ 1000 976.64 3.49CD Export-Import Bank of India. INE514E16AL9 CRISIL A1+ 145 141.55 0.51Total 6,774.68 24.19Reverse RepoSankhya Financial Service Pvt. Ltd 2,415.65 8.62Total 2,415.65 8.62Collateral Borrowing & Lending obligation 204.93 0.73Total 204.93 0.73Net Current Assets/(Liabilities) 6,808.25 24.30Grand Total 28,020.29 100.00Notes :1. Average Maturity of the portfolio : 0.26 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company


Kotak Equity Savings Fund

Industry / Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsEquity & Equity relatedListed/Awaiting listing onStock ExchangeHDFC Bank Ltd. INE040A01026 Banks 227254 2,892.60 3.49GMR Infrastructure Ltd. INE776C01039 Construction Project 21690000 2,754.63 3.32Infosys Ltd. INE009A01021 Software 191324 1,982.21 2.39Karnataka Bank Ltd. INE614B01018 Banks 1284000 1,886.84 2.28Jain Irrigation Systems Ltd. INE175A01038 Industrial Products 1980000 1,773.09 2.14Aurobindo Pharma Ltd. INE406A01037 Pharmaceuticals 193200 1,652.73 1.99IDFC Limited INE043D01016 Finance 2230800 1,499.10 1.81Asian Paints(India) Ltd. INE021A01026 Consumer Non Durables 112611 1,307.08 1.58Grasim Industries Ltd. INE047A01021 Cement 26202 1,267.27 1.53Reliance Capital Ltd. INE013A01015 Finance 219000 1,197.71 1.44Tata Steel Limited INE081A01012 Ferrous Metals 290114 1,085.75 1.31ITC Ltd. INE154A01025 Consumer Non Durables 444260 1,072.22 1.29Bharat Petroleum Corporation Ltd. INE029A01011 Petroleum Products 174874 1,071.28 1.29Dish TV India Ltd. INE836F01026 Media and Entertainment 1113000 1,036.20 1.25IndusInd Bank Ltd. INE095A01012 Banks 85800 1,026.13 1.24ICICI Bank Ltd. INE090A01021 Banks 391356 986.80 1.19Hero MotoCorp Ltd. INE158A01026 Auto 28566 975.16 1.18Geometric Ltd. INE797A01021 Software 400330 941.98 1.14JSW Steel Ltd. INE019A01020 Ferrous Metals 54456 941.73 1.14Power Grid Corporation of India Ltd. INE752E01010 Power 498336 879.81 1.06Tata Communications Ltd. INE151A01013 Telecom - Services 154000 871.10 1.05Sun Pharmaceutical Industries Ltd. INE044A01036 Pharmaceuticals 115200 855.59 1.03Indiabulls Housing Finance Limited INE148I01020 Finance 96800 800.92 0.97HDFC Ltd. INE001A01036 Finance 57397 799.80 0.96Century Textiles & Industries Ltd. INE055A01016 Cement 82500 778.02 0.94Housing Development and INE191I01012 Construction 960000 764.16 0.92Infrastructure LimitedNational Thermal Power Corporation Ltd. INE733E01010 Power 481743 712.98 0.86Reliance Industries Ltd. INE002A01018 Petroleum Products 63811 691.52 0.83Wockhardt Ltd. INE049B01025 Pharmaceuticals 78000 685.11 0.83Coal India Limited INE522F01014 Minerals/Mining 210800 679.41 0.82SKS Microfinance Limited INE180K01011 Finance 72000 634.07 0.76L&T Finance Holdings Ltd. INE498L01015 Finance 675000 618.64 0.75MRF Ltd. INE883A01011 Auto Ancillaries 1080 549.42 0.66Castrol (India) Ltd. INE172A01027 Petroleum Products 113700 540.02 0.65Reliance Communications Ltd. INE330H01018 Telecom - Services 1150000 533.03 0.64Bajaj Finance Limited INE296A01024 Finance 49368 521.28 0.63Mahindra & Mahindra Ltd. INE101A01026 Auto 36442 512.27 0.62Petronet LNG Ltd. INE347G01014 Gas 138658 478.92 0.58Biocon Ltd. INE376G01013 Pharmaceuticals 48653 454.18 0.55Hindustan Unilever Ltd. INE030A01027 Consumer Non Durables 50163 435.34 0.53Shriram Transport Finance Co Ltd. INE721A01013 Finance 37043 430.68 0.52Zee Entertainment Enterprises Ltd. INE256A01028 Media and Entertainment 78077 426.89 0.52Larsen and Toubro Ltd. INE018A01030 Construction Project 29058 416.44 0.50YES Bank Ltd. INE528G01019 Banks 33138 415.78 0.50Tata Motors Ltd. INE155A01022 Auto 74828 400.22 0.48Glenmark Pharmaceuticals Ltd. INE935A01035 Pharmaceuticals 42700 394.31 0.48India Cements Ltd. INE383A01012 Cement 273000 393.12 0.47ICICI Prudential Life Insurance Co. Ltd. INE726G01019 Finance 124555 386.43 0.47Ambuja Cements Ltd. INE079A01024 Cement 149781 377.07 0.45Pidilite Industries Ltd. INE318A01026 Chemicals 55243 376.54 0.45Dewan Housing Finance Corporation Ltd. INE202B01012 Finance 132000 374.62 0.45IRB Infrastructure Developers Ltd. INE821I01014 Construction 150000 367.73 0.44ACC Ltd. INE012A01025 Cement 22978 367.61 0.44Sun TV Network Limited INE424H01027 Media and Entertainment 72000 363.71 0.44Reliance Power Ltd. INE614G01033 Power 744000 354.52 0.43Havells India Ltd. INE176B01034 Consumer Durables 84000 351.29 0.42UPL Ltd. INE628A01036 Pesticides 51600 347.71 0.42Vedanta Ltd. INE205A01025 Minerals/Mining 199171 342.67 0.41Ultratech Cement Ltd. INE481G01011 Cement 8526 328.38 0.40AXIS Bank Ltd. INE238A01034 Banks 60106 325.38 0.39GAIL (India) Ltd. INE129A01019 Gas 85289 319.54 0.39Hindalco Industries Ltd. INE038A01020 Non - Ferrous Metals 208164 317.87 0.38The Ramco Cements Ltd. INE331A01037 Cement 51558 306.98 0.37Eicher Motors Ltd. INE066A01013 Auto 1221 303.15 0.37NCC Limited INE868B01028 Construction Project 352000 288.99 0.35Aditya Birla Nuvo Limited INE069A01017 Services 21118 287.91 0.35Maruti Suzuki India Limited INE585B01010 Auto 4763 260.88 0.31Reliance Infrastructure Ltd. INE036A01016 Power 45500 250.82 0.30Bosch Limited INE323A01026 Auto Ancillaries 1076 245.30 0.30Cairn India Limited INE910H01017 Oil 112000 224.06 0.27Indiabulls Real Estate Ltd. INE069I01010 Construction 230000 211.95 0.26Ashok Leyland Ltd. INE208A01029 Auto 247774 197.23 0.24Bajaj Auto Ltd. INE917I01010 Auto 6673 188.69 0.23United Spirits Ltd. INE854D01016 Consumer Non Durables 7000 172.65 0.21LIC Housing Finance Ltd. INE115A01026 Finance 29700 171.90 0.21Tata Motors Ltd. IN9155A01020 Auto 50400 171.61 0.21Wipro Ltd. INE075A01022 Software 30172 144.51 0.17Adani Power Ltd. INE814H01011 Power 580000 144.42 0.17Engineers India Ltd. INE510A01028 Construction Project 56000 139.13 0.17RBL Bank Ltd. INE976G01028 Banks 43854 127.70 0.15Tata Chemicals Ltd. INE092A01019 Chemicals 24000 125.90 0.15Bank of Baroda INE028A01039 Banks 70000 117.18 0.14Lupin Ltd. INE326A01037 Pharmaceuticals 7547 112.17 0.14HCL Technologies Ltd. INE860A01027 Software 13510 108.07 0.13Dr.Reddy's Laboratories Ltd. INE089A01023 Pharmaceuticals 3425 106.43 0.13Power Finance Corporation Ltd. INE134E01011 Finance 84000 101.05 0.12JSW Energy Ltd. INE121E01018 Power 136000 99.35 0.12IFCI Ltd. INE039A01010 Finance 374000 98.36 0.12The Indian Hotels Company Ltd. INE053A01029 Hotels 75161 98.05 0.12Oil And Natural Gas Corporation Ltd. INE213A01029 Oil 37500 96.24 0.12Tata Global Beverages Limited INE192A01025 Consumer Non Durables 67500 94.23 0.11Torrent Pharmaceuticals Ltd. INE685A01028 Pharmaceuticals 5200 84.42 0.10NMDC Ltd. INE584A01023 Minerals/Mining 72000 76.18 0.09Adani Ports and Special INE742F01042 Transportation 27500 70.61 0.09Economic Zone LimitedDLF Limited INE271C01023 Construction 45000 65.77 0.08Equitas Holdings Ltd. INE988K01017 Finance 37226 65.02 0.08Tata Elxsi Ltd. INE670A01012 Software 4500 62.65 0.08Britannia Industries Ltd. INE216A01022 Consumer Non Durables 1800 60.55 0.07Jet Airways (India) Ltd. INE802G01018 Transportation 12000 57.15 0.07NIIT Technologies Ltd. INE591G01017 Software 13000 54.46 0.07Oracle Financial Services Software Ltd. INE881D01027 Software 1500 48.34 0.06Exide Industries Ltd. INE302A01020 Auto Ancillaries 24000 43.92 0.05Tech Mahindra Ltd. INE669C01036 Software 10390 43.62 0.05Alkem Laboratories Ltd. INE540L01014 Pharmaceuticals 2320 38.54 0.05TV18 Broadcast Ltd. INE886H01027 Media and Entertainment 85000 37.83 0.05Union Bank of India INE692A01016 Banks 24000 32.96 0.04KPIT Technologies LImited INE836A01035 Software 24000 29.78 0.04Granules India Ltd. INE101D01020 Pharmaceuticals 25000 29.08 0.04Tata Power Company Ltd. INE245A01021 Power 36000 27.14 0.03Indraprastha Gas Ltd. INE203G01019 Gas 3300 25.68 0.03Mahindra & Mahindra INE774D01024 Finance 6959 25.35 0.03Financial Services Ltd.CESC Ltd. INE486A01013 Power 3300 20.15 0.02Jaiprakash Associates Ltd. INE455F01025 Construction 136000 14.28 0.02BEML Limited INE258A01016 Industrial Capital Goods 1500 13.14 0.02Cipla Ltd. INE059A01026 Pharmaceuticals 2000 11.60 0.01Jubilant Foodworks Limited INE797F01012 Consumer Non Durables 500 4.82 0.01Total 55,362.56 66.81Privately placed / UnlistedChennai Super Kings Cricket Ltd INE852S01026 Media and 2148000 17.18 0.02

EntertainmentTotal 17.18 0.02WarrantsListed/Awaiting listing onStock ExchangeHDFC Ltd. INE001A13031 Finance 540200 894.03 1.08Total 894.03 1.08

Kotak Equity Savings Fund (continued)

Shriram Transport Finance Co Ltd. Short 1,174.28 1,167.20 58.24October 2016 FutureBharat Financial Inclusion Limited Short 864.78 884.05 133.08October 2016 FutureSun Pharmaceuticals Industries Ltd. Short 772.92 745.25 134.38October 2016 FutureSun TV Limited. October 2016 Future Short 505.21 507.35 70.57Tata Chemicals Ltd. October 2016 Future Short 545.04 528.00 22.93Tata Elxsi Ltd. October 2016 Future Short 1,510.05 1,400.05 10.12Tata Steel Limited. October 2016 Future Short 377.32 376.90 74.33Tata Motors Ltd - DVR October 2016 Future Short 344.33 341.85 26.98Torrent Pharmaceuticals Ltd. Short 1,665.74 1,631.70 13.26October 2016 FutureTata Power Co. Ltd. October 2016 Future Short 74.85 75.60 4.28Tata Global Beverages Limited Short 146.94 140.55 15.62October 2016 FutureUltratech Cement Ltd. October 2016 Future Short 3,957.26 3,874.80 18.17Union Bank Of India October 2016 Future Short 141.34 138.10 6.51UPL Ltd October 2016 Future Short 684.97 677.00 57.98Axis Bank Ltd October 2016 Future Short 592.81 544.85 7.16Tata Communications Ltd. Short 534.63 567.45 188.50October 2016 FutureWipro Ltd. October 2016 Future Short 481.69 480.15 3.01Wockhardt Ltd. October 2016 Future Short 900.58 883.95 134.60Total %age of existing assets hedged through futures -42.93%

5. For the period ended 30th September,2016 hedging transactions throughfutures which have been squared off/expired are as follows;Total Number of contracts where futures were bought 39,687Total Number of contracts where futures were sold 32,069Gross Notional Value of contracts where futures were bought 229,143.79 LacsGross Notional Value of contracts where futures were sold 185,422.36 LacsNet Profit/Loss value on all contracts combined (6,816.69) Lacs

6. For the period ended 30th September, 2016 other than hedgingtransactions through futures which have been squared off/expired are as follows;Total Number of contracts where futures were bought 273Total Number of contracts where futures were sold 250Gross Notional Value of contracts where futures were bought 1,551.37 LacsGross Notional Value of contracts where futures were sold 1,404.29 LacsNet Profit/Loss value on all contracts combined (15.38) Lacs

7. For the period ended 30th September, 2016 other than hedgingtransactions through options which have already been exercised/expired are as follows; Total number of contracts entered into 120 Gross Notional Value of contracts 720.00 Lacs Net Profit/Loss value on all contracts 33.86 Lacs

Hedging Positions through Futures (35,550.64) (42.93)Total (35,550.64) (42.93)Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.53% Government Stock - 2022 IN2820150174 SOV 500000 523.44 0.63Total 523.44 0.63Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CP HDFC Ltd. INE001A14PT1 ICRA A1+ 1000 4,978.76 6.01CP Muthoot Finance Ltd INE414G14DW3 CRISIL A1+ 500 2,460.83 2.97Total 7,439.59 8.98Term Deposits (Placed as margin)Bank DurationKotak Mahindra Bank Ltd 357 days 1,485.00 1.79Axis Bank Ltd 377 days 1,200.00 1.45Kotak Mahindra Bank Ltd 371 days 1,089.00 1.31Indusind Bank 378 days 990.00 1.19Ratnakar Bank Ltd 371 days 720.00 0.87Ratnakar Bank Ltd 369 days 680.00 0.82Kotak Mahindra Bank Ltd 353 days 490.00 0.59Axis Bank Ltd 375 days 400.00 0.48Axis Bank Ltd 378 days 400.00 0.48Kotak Mahindra Bank Ltd 390 days 396.00 0.48Kotak Mahindra Bank Ltd 368 days 300.00 0.36Total 8,150.00 9.82Collateral Borrowing & Lending obligation 10,126.78 12.22Total 10,126.78 12.22Net Current Assets/(Liabilities) 35,923.84 43.35Grand Total 82,886.78 100.00Notes :1. Average Maturity of the portfolio : 0.11 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company


4. Hedging Positions through Futures as on 30th September, 2016Underlying Long/ Futures Price Current Price of Margin Maintained

Short When purchased the Contract in LakhsAurobindo Pharma Ltd. October 2016 Future Short 862.73 858.25 290.94Adani Power Ltd October 2016 Future Short 27.78 25.10 26.48Ashok Leyland Ltd. October 2016 Future Short 79.78 79.85 30.90Asian Paints Ltd. October 2016 Future Short 1,201.95 1,167.80 44.90Bajaj Finance Limited October 2016 Future Short 1,116.53 1,063.60 9.58Bharat Earth Movers Ltd. October 2016 Future Short 926.43 879.65 2.53Biocon Ltd. October 2016 Future Short 970.90 939.75 18.04Bank Of Baroda October 2016 Future Short 171.87 168.25 21.18Britannia Industries Ltd. October 2016 Future Short 3,286.81 3,379.45 9.51Reliance Infrastructure Ltd October 2016 Future Short 596.71 554.95 51.39Cairn India Limited October 2016 Future Short 195.07 201.40 35.28CESC Ltd. October 2016 Future Short 635.92 615.00 3.17Cipla Ltd. October 2016 Future Short 612.43 583.70 1.83Coal India Ltd. October 2016 Future Short 328.16 323.25 106.67Century Textiles & Industries Ltd. Short 931.20 947.90 135.45October 2016 FutureDewan Housing Finance Corporation Ltd. Short 300.54 285.25 77.43October 2016 FutureDish TV India Ltd. October 2016 Future Short 97.20 93.55 212.67DLF Limited October 2016 Future Short 147.44 146.90 15.40Engineers India Ltd. October 2016 Future Short 256.52 249.90 25.62Exide Industries Ltd October 2016 Future Short 193.54 184.20 6.92TV18 Broadcast Ltd October 2016 Future Short 46.05 44.85 9.06Glenmark Pharmaceuticals Ltd. Short 953.81 926.15 61.93October 2016 FutureGMR Infrastructure Ltd. October 2016 Future Short 13.65 12.75 639.31Grasim Industries Ltd. October 2016 Future Short 4,926.24 4,866.85 34.22Granules India Ltd. October 2016 Future Short 123.96 116.60 5.37Havells India Ltd. October 2016 Future Short 416.17 420.30 55.24HCL Technologies Ltd. October 2016 Future Short 794.48 795.85 118.40HDFC Bank Ltd. October 2016 Future Short 1,307.21 1,283.40 220.35HDFC Ltd. October 2016 Future Short 1,430.07 1,398.00 105.01Housing Development and Short 83.63 80.10 178.03Infrastructure Limited October 2016 FutureHero MotoCorp Ltd. October 2016 Future Short 3,492.20 3,434.55 2.15Hindustan Unilever Ltd. October 2016 Future Short 886.19 870.70 12.26Indiabulls Housing Finance Ltd. Short 823.07 830.25 126.44October 2016 FutureIndia Cements Ltd. October 2016 Future Short 150.04 144.75 78.04ICICI Bank Ltd. October 2016 Future Short 260.58 253.70 111.20IDFC Limited October 2016 Future Short 68.05 67.40 314.54IFCI Ltd. October 2016 Future Short 28.75 26.50 21.07Oracle Financial Services Software Ltd. Short 3,338.04 3,238.95 7.59October 2016 FutureIndiabulls Real Estate Ltd.October 2016 Future Short 91.12 92.85 57.97Infosys Ltd. October 2016 Future Short 1,030.42 1,030.20 180.90Indraprastha Gas Ltd. October 2016 Future Short 778.37 780.20 4.03Aditya Birla Nuvo Limited. Short 1,399.40 1,372.25 49.90October 2016 FutureIRB Infrastructure Developers Ltd. Short 258.69 246.90 66.76October 2016 FutureITC Ltd. October 2016 Future Short 247.61 242.60 37.45Jaiprakash Associates Ltd. October 2016 Future Short 11.55 10.60 3.69Jet Airways (India) Ltd. October 2016 Future Short 523.10 479.60 13.19Jain Irrigation Systems Ltd. October 2016 Future Short 95.59 90.15 454.56JSW Energy Ltd. October 2016 Future Short 74.26 73.55 15.90JSW Steel Ltd. October 2016 Future Short 1,705.63 1,741.75 101.37Jubilant Foodworks Limited October 2016 Future Short 938.05 963.95 0.90Karnataka Bank Ltd. October 2016 Future Short 154.85 147.00 322.03KPIT Technologies Limited October 2016 Future Short 132.10 124.95 5.54Larsen And Toubro Ltd. October 2016 Future Short 1,470.17 1,438.55 30.38LIC Housing Finance Ltd. October 2016 Future Short 581.89 581.20 27.01L&T Finance Holdings Ltd. October 2016 Future Short 91.46 91.85 127.05Lupin Ltd. October 2016 Future Short 1,480.65 1,491.55 2.10Mahindra & Mahindra Ltd. Short 1,402.53 1,409.95 47.45October 2016 FutureUnited Spirits Ltd. October 2016 Future Short 2,350.40 2,475.30 27.12Adani Port s and Special Short 274.13 257.75 11.75Economic Zone Limited October 2016 FutureMRF Limited October 2016 Future Short 47,655.11 51,231.75 104.82NCC Limited October 2016 Future Short 79.98 82.70 54.40October 2016 Future Short 8,776.00 8,640.65 9.75NMDC Ltd. October 2016 Future Short 106.81 106.20 14.36NIIT Technologies Ltd October 2016 Future Short 438.32 422.00 8.65National Thermal Power Corporation Limited Short 149.41 149.00 15.89October 2016 FutureOil & Natural Gas Corporation Ltd. Short 251.46 257.45 15.11October 2016 FuturePower Grid Corporation of India Ltd. Short 179.14 177.05 11.11October 2016 FuturePidilite Industries Ltd. October 2016 Future Short 690.12 685.45 45.01Petronet LNG Ltd. October 2016 Future Short 349.49 347.40 17.92Power Finance Corporation Ltd. Short 118.83 120.70 17.86October 2016 FutureReliance Capital Ltd. October 2016 Future Short 578.04 549.95 244.16Reliance Communications Ltd. Short 48.07 46.35 139.70October 2016 FutureReliance Industries Ltd. October 2016 Future Short 1,115.81 1,088.40 47.64Reliance Power Ltd October 2016 Future Short 49.13 47.85 65.49Vedanta Ltd. October 2016 Future Short 172.38 173.15 46.47

Kotak Equity Savings Fund (continued)


8

Kotak Infrastructure and Ecocnomic Reform Fund

Market Value % to NetName of Instrument ISIN Code Industry Quantity (Rs.in Lakhs) AssetsEquity & Equity relatedListed/Awaiting listing onStock ExchangeShree Cement Ltd. INE070A01015 Cement 8200 1,397.50 8.69Ultratech Cement Ltd. INE481G01011 Cement 31700 1,220.94 7.59Indraprastha Gas Ltd. INE203G01019 Gas 130000 1,011.53 6.29Kirloskar Oil Engines Ltd. INE146L01010 Industrial Products 295271 987.24 6.14Larsen and Toubro Ltd. INE018A01030 Construction Project 68000 974.54 6.06SKF India Ltd. INE640A01023 Industrial Products 68054 954.25 5.93Thermax Ltd. INE152A01029 Industrial 95000 802.94 4.99

Capital GoodsBharti Airtel Ltd. INE397D01024 Telecom - Services 220100 691.11 4.30Cummins India Ltd. INE298A01020 Industrial Products 70000 633.85 3.94KSB Pumps Ltd. INE999A01015 Industrial Products 105817 627.34 3.90Fag Bearings India Ltd. INE513A01014 Industrial Products 15265 624.54 3.88AIA Engineering Limited INE212H01026 Industrial 43037 554.94 3.45

Capital GoodsContainer Corporation of India Ltd. INE111A01017 Transportation 39215 540.93 3.36Mahanagar Gas Ltd. INE002S01010 Gas 80000 528.12 3.28Solar Industries India Limited INE343H01029 Chemicals 81140 527.57 3.28Siemens Ltd. INE003A01024 Industrial 35000 434.11 2.70

Capital GoodsSupreme Industries Limited INE195A01028 Industrial Products 44715 405.70 2.52Kajaria Ceramics Ltd. INE217B01028 Construction 27916 387.80 2.41MRF Ltd. INE883A01011 Auto Ancillaries 700 356.11 2.21Gateway Distriparks Ltd. INE852F01015 Transportation 140000 352.38 2.19Mahindra & Mahindra INE774D01024 Finance 85000 309.66 1.92Financial Services Ltd.National Thermal Power Corporation Ltd. INE733E01010 Power 200000 296.00 1.84Adani Ports and Special Economic Zone Ltd. INE742F01042 Transportation 98000 251.62 1.56Gujarat Gas Company Ltd. INE844O01022 Gas 41980 241.11 1.50Alstom India Limited INE878A01011 Industrial 37371 205.80 1.28

Capital GoodsPower Grid Corporation of India Ltd. INE752E01010 Power 104000 183.61 1.14Jk Lakshmi Cement Ltd. INE786A01032 Cement 33384 166.67 1.04Bharat Electronics Ltd. INE263A01016 Industrial 13362 166.32 1.03

Capital GoodsTotal 15,834.23 98.42Collateral Borrowing & Lending obligation 219.93 1.37Total 219.93 1.37Net Current Assets/(Liabilities) 34.96 0.21Grand Total 16,089.12 100.00Notes :1. Total value of illiquid equity shares and percentage to Net Assets : Nil2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. Portfolio Turnover Ratio : 33.69%

Kotak Monthly Income Plan

Industry / Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsEquity & Equity relatedListed/Awaiting listing onStock ExchangeITC Ltd. INE154A01025 Consumer 86000 207.56 1.55

Non DurablesMaruti Suzuki India Limited INE585B01010 Auto 2400 131.46 0.98Godfrey Phillips India Ltd. INE260B01028 Consumer 10000 128.66 0.96

Non DurablesICICI Bank Ltd. INE090A01021 Banks 51000 128.60 0.96Tata Communications Ltd. INE151A01013 Telecom - Services 21000 118.79 0.89ICICI Prudential Life Insurance Co. Ltd. INE726G01019 Finance 37476 116.27 0.87Tata Motors Ltd. INE155A01022 Auto 21000 112.32 0.84Bombay Burmah INE050A01025 Consumer 19600 111.89 0.84Trading Corporation Ltd. Non DurablesHero MotoCorp Ltd. INE158A01026 Auto 3100 105.82 0.79India Cements Ltd. INE383A01012 Cement 71000 102.24 0.76Infosys Ltd. INE009A01021 Software 9000 93.24 0.70IFB Industries Ltd. INE559A01017 Consumer Durables 21000 86.99 0.65Sun TV Network Limited INE424H01027 Media and 17000 85.88 0.64

EntertainmentWhirlpool of India Ltd. INE716A01013 Consumer Durables 8000 81.38 0.61Adlabs Entertainment Ltd. INE172N01012 Media and 80000 79.40 0.59

EntertainmentHDFC Bank Ltd. INE040A01026 Banks 6000 76.37 0.57YES Bank Ltd. INE528G01019 Banks 6000 75.28 0.56Dalmia Cement (Bharat) Ltd. INE439L01019 Cement 4000 74.84 0.56DLF Limited INE271C01023 Construction 51000 74.54 0.56Tata Motors Ltd. IN9155A01020 Auto 21000 71.51 0.53Phillips Carbon Black Ltd. INE602A01015 Chemicals 25000 62.79 0.47Engineers India Ltd. INE510A01028 Construction Project 25000 62.11 0.46Equitas Holdings Ltd. INE988K01017 Finance 35000 61.13 0.46Manpasand Beverages Ltd. INE122R01018 Consumer 8000 60.09 0.45

Non DurablesState Bank of India. INE062A01020 Banks 23000 57.79 0.43Jagran Prakashan Ltd. INE199G01027 Media and 31000 56.73 0.42

EntertainmentIDFC Limited INE043D01016 Finance 80000 53.76 0.40Sun Pharmaceutical Industries Ltd. INE044A01036 Pharmaceuticals 6000 44.56 0.33IndusInd Bank Ltd. INE095A01012 Banks 3000 35.88 0.27Bharat Petroleum Corporation Ltd. INE029A01011 Petroleum Products 5450 33.39 0.25The Ramco Cements Ltd. INE331A01037 Cement 5000 29.77 0.22GNA Axles Ltd INE934S01014 Auto Ancillaries 12000 27.38 0.20Federal Bank Ltd. INE171A01029 Banks 36000 25.92 0.19Pennar Engineered Building Systems Ltd. INE455O01019 Ferrous Metals 11000 18.92 0.14Total 2,693.26 20.10WarrantsListed/Awaiting listing onStock ExchangeHDFC Ltd. INE001A13031 Finance 7300 12.08 0.09Total 12.08 0.09Debt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange9.14% Konkan Railway Corporation Ltd. INE139F07030 ICRA AAA 100 1,045.47 7.819.10% Canara Bank INE476A09215 CRISIL AAA 50 513.81 3.8411.25% Syndicate Bank INE667A08062 CARE AA- 50 512.31 3.8210.99% Andhra Bank INE434A08067 CRISIL AA- 50 508.73 3.808.80% Rural Electrification Corporation Ltd. INE020B07EY7 CRISIL AAA 1 10.38 0.08Total 2,590.70 19.35Government Dated SecuritiesListed/Awaiting listing onStock Exchange7.88% Government Stock - 2030 IN0020150028 SOV 2000000 2,141.85 15.997.59% Government Stock - 2029 IN0020150069 SOV 1000000 1,046.92 7.828.18% Government Stock - 2023 IN2820160074 SOV 1000000 1,037.51 7.758.72% Government Stock - 2021 IN3320140178 SOV 823900 869.84 6.497.73% Government Stock - 2034 IN0020150051 SOV 500000 530.70 3.968.27% Government Stock - 2023 IN2920160099 SOV 500000 521.11 3.898.27% Government Stock - 2022 IN2920160081 SOV 500000 518.17 3.87Total 6,666.10 49.77Term Deposits (Placed as margin)Bank DurationHDFC Bank Ltd. 69 Days 40.00 0.30Kotak Mahindra Bank Ltd. 35 Days 20.00 0.15Total 60.00 0.45Collateral Borrowing & Lending obligation 1,164.62 8.69Total 1,164.62 8.69Net Current Assets/(Liabilities) 207.57 1.55Grand Total 13,394.33 100.00Notes :1. Average Maturity of the portfolio : 5.87 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company


4. For the period ended 30th September,2016 other than hedging transactions throughfutures which have been squared off/expired are as follows;Total Number of contracts where futures were bought 70Total Number of contracts where futures were sold 88Gross Notional Value of contracts where futures were bought 389.94 LacsGross Notional Value of contracts where futures were sold 509.10 LacsNet Profit/Loss value on all contracts combined 9.42 Lacs

5. For the period ended 30th September,2016 hedging transactions throughoptions which have already been exercised/expired are as follows; Total number of contracts entered into 57.00Gross Notional Value of contracts 346.77 LacsNet Profit/Loss value on all contracts 7.48 Lacs


Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange9.82% Edelweiss Agri Value Chain Limited INE616U07028 CARE AA(SO) 180 1,803.35 9.54 (Unconditional and irrevocable guaranteefrom Edelweiss Financial Services Limite)10.50% Manappuram Finance Ltd. INE522D07909 CARE AA- 160 1,613.78 8.5410.25% Hinduja Leyland Finance Ltd. INE146O07219 CARE A+ 150 1,508.90 7.9810.00% Indostar Capital Finance Pvt. Ltd. INE896L07363 CARE AA- 6 608.39 3.2210.00% Indostar Capital Finance Pvt. Ltd. INE896L07371 CARE AA- 5 507.07 2.689.65% HDFC Ltd. INE001A07MG9 CRISIL AAA 20 207.39 1.1010.70% Aspire Home Finance Corporation Ltd. INE658R07133 ICRA AA- 20 202.54 1.07Total 6,451.42 34.13Privately placed / Unlisted9.88% Camden Industries Ltd. (backed by INE604U07016 CARE 210 2,123.97 11.24unconditional and irrevocable undertaking AAA(SO)of Axis Capital)ZCB Continental Drug Company Pvt. Ltd. INE582R07051 BRICKWORK 18 1,891.78 10.01(Secured by Equity shares of BWR A+Zee Entertainment Enterprises Ltd.)9.57% Piramal Enterprises Limited INE140A07146 ICRA AA 180 1,822.07 9.6411.75% Karelides Traders Pvt. Ltd. INE479R07027 ICRA AA- 180 1,806.20 9.55(backed by unconditional and irrevocableundertaking by a wholly owned subsidiaryof Piramal Enterprises Ltd.)10.05% High Point Properties Pvt. Ltd. INE470T08020 ICRA AA(SO) 17 1,722.41 9.11(backed by unconditional and irrevocableguarantee of Shapoorji Pallonji & Co Pvt. Ltd.)ZCB IL & FS Transportation Networks Ltd. INE975G08140 CARE AAA(SO) 300 1,587.99 8.40(Secured by Equity shares of IL & FS Ltd.)10.05% Grand View Estates Pvt Ltd. INE347N08023 ICRA AA 8 809.05 4.28(backed by unconditional and irrevocableguarantee of Shapoorji Pallonji & Co Pvt. Ltd.)Total 11,763.47 62.23Collateral Borrowing & Lending obligation 134.96 0.71Total 134.96 0.71Net Current Assets/(Liabilities) 554.87 2.93Grand Total 18,904.72 100.00Notes:1. Average Maturity of the portfolio : 2.09 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company


Kotak Midcap

Market Value % to NetName of Instrument ISIN Code Industry Quantity (Rs.in Lakhs) AssetsEquity & Equity relatedListed/Awaiting listing onStock ExchangeAtul Ltd. INE100A01010 Chemicals 65139 1,488.00 3.21Finolex Cables Ltd. INE235A01022 Industrial Products 288106 1,273.43 2.74The Ramco Cements Ltd INE331A01037 Cement 212266 1,263.83 2.72D.B. Corp Limited INE950I01011 Media and 303804 1,199.57 2.59

EntertainmentStrides Arcolab Ltd. INE939A01011 Pharmaceuticals 117015 1,177.11 2.54Techno Electric & Engineering Co Ltd. INE286K01024 Construction Project 391982 1,169.87 2.52Whirlpool of India Ltd. INE716A01013 Consumer Durables 112399 1,143.44 2.46Fag Bearings India Ltd. INE513A01014 Industrial Products 27288 1,116.45 2.41JK Cement Ltd. INE823G01014 Cement 126863 1,111.00 2.39Solar Industries India Limited INE343H01029 Chemicals 169195 1,100.11 2.37IndusInd Bank Ltd. INE095A01012 Banks 90000 1,076.36 2.32Shriram City Union Finance Ltd. INE722A01011 Finance 48647 1,033.53 2.23Kewal Kiran Clothing Limited INE401H01017 Textile Products 54265 1,031.22 2.22Hindustan Petroleum Corporation Ltd. INE094A01015 Petroleum Products 243000 1,030.20 2.22Hawkins Cooker Ltd. INE979B01015 Household 34968 1,014.02 2.19

AppliancesSRF Ltd. INE647A01010 Textile Products 54554 969.81 2.09Federal Bank Ltd. INE171A01029 Banks 1340621 965.25 2.08Persistent Systems Limited INE262H01013 Software 150659 964.37 2.08Alkem Laboratories Ltd. INE540L01014 Pharmaceuticals 56659 941.25 2.03ICICI Bank Ltd. INE090A01021 Banks 372500 939.26 2.02Divis Laboratories Ltd. INE361B01024 Pharmaceuticals 70134 905.29 1.95Castrol (India) Ltd. INE172A01027 Petroleum Products 180000 854.91 1.84Shriram Transport Finance Co Ltd. INE721A01013 Finance 72000 837.11 1.80Motherson Sumi Systems Ltd. INE775A01035 Auto Ancillaries 260000 826.80 1.78Bharat Forge Ltd. INE465A01025 Industrial Products 88532 806.35 1.74Apollo Hospitals Enterprise Ltd. INE437A01024 Healthcare Services 60064 788.88 1.70Mahindra & Mahindra INE774D01024 Finance 214386 781.01 1.68Financial Services Ltd.Britannia Industries Ltd. INE216A01022 Consumer 22500 756.90 1.63

Non DurablesTorrent Pharmaceuticals Ltd. INE685A01028 Pharmaceuticals 45899 745.19 1.61Va Tech Wabag Limited INE956G01038 Engineering Services 135197 742.84 1.60MRF Ltd. INE883A01011 Auto Ancillaries 1447 736.13 1.59Thermax Ltd. INE152A01029 Industrial 84543 714.56 1.54

Capital GoodsBajaj Finserv Ltd. INE918I01018 Finance 23065 707.99 1.53Arvind Ltd INE034A01011 Textile Products 206282 695.38 1.50Bajaj Finance Limited INE296A01024 Finance 61380 648.11 1.40Sundaram Finance Ltd. INE660A01013 Finance 46386 616.75 1.33ICICI Prudential Life Insurance Co. Ltd. INE726G01019 Finance 195676 607.08 1.31Pennar Engineered Building Systems Ltd. INE455O01019 Ferrous Metals 346181 595.43 1.28PVR Ltd. INE191H01014 Media and 49634 588.26 1.27

EntertainmentVoltas Ltd. INE226A01021 Construction Project 155000 587.61 1.27RBL Bank Ltd INE976G01028 Banks 200005 582.41 1.26Cadila Healthcare Ltd. INE010B01027 Pharmaceuticals 150000 581.70 1.25Havells India Ltd. INE176B01034 Consumer Durables 139000 581.30 1.25Navneet Education Ltd. INE060A01024 Media and 564766 564.20 1.22

EntertainmentJk Lakshmi Cement Ltd. INE786A01032 Cement 108039 539.38 1.16AXIS Bank Ltd. INE238A01034 Banks 96000 519.70 1.12HSIL Ltd. INE415A01038 Consumer Durables 140596 478.03 1.03Kansai Nerolac Paints Ltd. INE531A01024 Consumer 131329 472.98 1.02

Non DurablesNIIT Technologies Ltd. INE591G01017 Software 111100 465.45 1.00UPL Ltd INE628A01036 Pesticides 69000 464.96 1.00Jubilant Foodworks Limited INE797F01012 Consumer 47000 453.08 0.98

Non DurablesZuari Agro Chemicals Ltd. INE840M01016 Fertilisers 240115 437.85 0.94SKF India Ltd. INE640A01023 Industrial Products 29037 407.16 0.88Bank of Baroda INE028A01039 Banks 238500 399.25 0.86Bharat Petroleum Corporation Ltd. INE029A01011 Petroleum Products 64600 395.74 0.85WPIL Ltd INE765D01014 Industrial Products 91780 330.87 0.71Balrampur Chini Mills Ltd. INE119A01028 Consumer 290509 313.02 0.67

Non DurablesPower Mech Projects Ltd. INE211R01019 Power 56253 273.36 0.59Supreme Industries Limited INE195A01028 Industrial Products 23007 208.74 0.45Union Bank of India INE692A01016 Banks 59879 82.24 0.18Total 45,102.08 97.20Collateral Borrowing & Lending obligation 1,009.66 2.18Total 1,009.66 2.18Net Current Assets/(Liabilities) 284.45 0.62Grand Total 46,396.19 100.00Notes :1. Total value of illiquid equity shares and percentage to Net Assets : Nil2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. Portfolio Turnover Ratio : 40.59%4. For the period ended 30th September,2016 other than hedging transactions

through futures which have been squared off/expired are as follows;Total Number of contracts where futures were bought 57Total Number of contracts where futures were sold 57Gross Notional Value of contracts where futures were bought 377.37 LacsGross Notional Value of contracts where futures were sold 346.69 LacsNet Profit/Loss value on all contracts combined (30.68) Lacs

5. For the period ended 30th September,2016 other than hedging transactionsthrough options which have already been exercised/expired are as follows;Total number of contracts entered into 2,239Gross Notional Value of contracts 13,742.10 LacsNet Profit/Loss value on all contracts (77.55) Lacs

Kotak Select Focus Fund

Market Value % to NetName of Instrument ISIN Code Industry Quantity (Rs.in Lakhs) AssetsEquity & Equity relatedListed/Awaiting listing onStock ExchangeHDFC Bank Ltd. INE040A01026 Banks 3000000 38,185.50 6.00Reliance Industries Ltd. INE002A01018 Petroleum Products 2900000 31,427.30 4.94ITC Ltd. INE154A01025 Consumer 11500000 27,755.25 4.36

Non DurablesUltratech Cement Ltd. INE481G01011 Cement 675000 25,997.96 4.08Hero MotoCorp Ltd. INE158A01026 Auto 700000 23,895.90 3.75Infosys Ltd. INE009A01021 Software 2100000 21,757.05 3.42The Ramco Cements Ltd. INE331A01037 Cement 3639275 21,668.24 3.40Shree Cement Ltd. INE070A01015 Cement 123279 21,010.07 3.30IndusInd Bank Ltd. INE095A01012 Banks 1625000 19,434.19 3.05Hindustan Petroleum Corporation Ltd. INE094A01015 Petroleum Products 4500000 19,077.75 3.00Mahindra & Mahindra Ltd. INE101A01026 Auto 1325000 18,625.53 2.93Maruti Suzuki India Limited INE585B01010 Auto 325000 17,801.23 2.80AXIS Bank Ltd. INE238A01034 Banks 3200000 17,323.20 2.72Max Financial Services Ltd. INE180A01020 Finance 2807647 15,599.29 2.45Bajaj Finance Limited INE296A01024 Finance 1450000 15,310.55 2.41Britannia Industries Ltd. INE216A01022 Consumer 425000 14,297.00 2.25

Non DurablesLarsen and Toubro Ltd. INE018A01030 Construction 961000 13,772.57 2.16

ProjectIndraprastha Gas Ltd. INE203G01019 Gas 1764015 13,725.80 2.16Petronet LNG Ltd. INE347G01014 Gas 3800000 13,125.20 2.06Arvind Ltd. INE034A01011 Textile Products 3525000 11,882.78 1.87Bharat Petroleum Corporation Ltd. INE029A01011 Petroleum Products 1900000 11,639.40 1.83Bharat Electronics Ltd. INE263A01016 Industrial 900000 11,202.75 1.76

Capital GoodsTata Motors Ltd. INE155A01022 Auto 2089600 11,176.23 1.76State Bank of India. INE062A01020 Banks 4147000 10,419.34 1.64ICICI Bank Ltd. INE090A01021 Banks 4118000 10,383.54 1.63MRF Ltd. INE883A01011 Auto Ancillaries 17800 9,055.31 1.42HCL Technologies Ltd. INE860A01027 Software 1100000 8,798.90 1.38Godrej Consumer Products Ltd. INE102D01028 Consumer 500000 7,933.25 1.25

Non DurablesEquitas Holdings Ltd. INE988K01017 Finance 4525000 7,902.91 1.24Sun Pharmaceutical Industries Ltd. INE044A01036 Pharmaceuticals 1050000 7,798.35 1.23Bajaj Finserv Ltd. INE918I01018 Finance 250000 7,673.88 1.21Lupin Ltd. INE326A01037 Pharmaceuticals 475000 7,059.69 1.11Jk Lakshmi Cement Ltd. INE786A01032 Cement 1350000 6,739.88 1.06Bayer Crop Science Ltd. INE462A01022 Pesticides 150000 6,707.78 1.05ICICI Prudential Life Insurance Co. Ltd. INE726G01019 Finance 1934756 6,002.58 0.94Ashok Leyland Ltd. INE208A01029 Auto 7500000 5,970.00 0.94Container Corporation of India Ltd. INE111A01017 Transportation 430000 5,931.42 0.93Federal Bank Ltd. INE171A01029 Banks 8000000 5,760.00 0.90Cadila Healthcare Ltd. INE010B01027 Pharmaceuticals 1366440 5,299.05 0.83AIA Engineering Limited INE212H01026 Industrial 354000 4,564.65 0.72

Capital GoodsTech Mahindra Ltd. INE669C01036 Software 1019000 4,278.27 0.67Bank of Baroda INE028A01039 Banks 2528000 4,231.87 0.66Techno Electric & Engineering Co Ltd. INE286K01024 Construction 1416000 4,226.05 0.66

ProjectSolar Industries India Limited INE343H01029 Chemicals 625000 4,063.75 0.64Max India Ltd. INE153U01017 Healthcare Services 2260000 3,145.92 0.49Kec International Ltd. INE389H01022 Power 2300000 2,896.85 0.46Whirlpool of India Ltd. INE716A01013 Consumer Durables 280000 2,848.44 0.45Navkar Corporation Limited INE278M01019 Transportation 1308000 2,433.53 0.38CESC Ltd. INE486A01013 Power 280500 1,713.15 0.27Kirloskar Oil Engines Ltd. INE146L01010 Industrial Products 444296 1,485.50 0.23IFB Industries Ltd. INE559A01017 Consumer Durables 170000 704.23 0.11Total 591,718.83 92.96Preference SharesListed/Awaiting listing onStock ExchangeZee Entertainment Enterprises Ltd INE256A04022 Media and 1249500 118.08 0.02

EntertainmentTotal 118.08 0.02WarrantsListed/Awaiting listing onStock ExchangeHDFC Ltd. INE001A13031 Finance 1189900 1,969.28 0.31Total 1,969.28 0.31Term Deposits (Placed as margin)Bank DurationHDFC Bank Ltd 93 days 2,500.00 0.39Kotak Mahindra Bank Ltd 93 days 995.00 0.16Total 3,495.00 0.55Collateral Borrowing & Lending obligation 44,220.95 6.95Total 44,220.95 6.95Net Current Assets/(Liabilities) (5,024.96) (0.80)Grand Total 636,497.18 100.00Notes:1. Total value of illiquid equity shares and percentage to Net Assets : Nil2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. Portfolio Turnover Ratio : 39.38%4. For the period ended 30th September,2016 hedging transactions through

futures which have been squared off/expired are as follows;Total Number of contracts where futures were bought 3280Total Number of contracts where futures were sold 3280Gross Notional Value of contracts where futures were bought 26,520.91 LacsGross Notional Value of contracts where futures were sold 25,173.26 LacsNet Profit/Loss value on all contracts combined (1,347.64) Lacs

5. For the period ended 30th September,2016 other than hedgingtransactions through futures which have been squared off/expired are as follows;Total Number of contracts where futures were bought 4916Total Number of contracts where futures were sold 4916Gross Notional Value of contracts where futures were bought 22,813.64 LacsGross Notional Value of contracts where futures were sold 22,797.55 LacsNet Profit/Loss value on all contracts combined (16.09) Lacs


Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange12.65% Janalakshami Financial Services Ltd. INE953L07271 ICRA A+ 90 940.68 9.489.91% Dalmia Cement (Bharat) Ltd. INE755K07181 ICRA AA 90 912.25 9.209.82% Edelweiss Agri Value Chain Limited INE616U07028 CARE AA(SO) 90 901.68 9.09(Unconditional and irrevocable guarantee fromEdelweiss Financial Services Limite)10.70% Aspire Home Finance Corporation Ltd. INE658R07133 ICRA AA- 70 708.90 7.15Total 3,463.51 34.92Privately placed / UnlistedZCB Continental Drug Company Pvt. Ltd. INE582R07044 BRICKWORK 9 968.53 9.76(Secured by Equity shares of BWR A+(SO)Zee Entertainment Enterprises Ltd.)11.30% Bajaj Capital Ventures Pvt. Ltd. INE267U08010 BRICKWORK 90 918.73 9.26(Secured by Equity shares of Bajaj Corp. Ltd.) BWR A+(SO)11.30% MA Multi Trade Pvt. Ltd. INE311S08044 BRICKWORK 90 918.67 9.26 (Secured by Equity shares of BWR A+(SO)Bajaj Corp. Ltd | IDBI Truste)9.57% Piramal Enterprises Limited INE140A07146 ICRA AA 90 911.03 9.189.88% Camden Industries Ltd. INE604U07024 CARE AAA(SO) 90 910.27 9.18(backed by unconditional and irrevocableundertaking of Axis Capital)9.75% Shapoorji Pallonji INE170M08039 ICRA AA(SO) 8 812.11 8.19Energy Gujarat Private Limited(backed by unconditional and irrevocableguarantee of Shapoorji Pallonji & Co Pvt. Ltd.)10.35% Mandava Holdings Pvt. Ltd. INE689L07057 ICRA AAA 3 287.25 2.90(backed by unconditional and irrevocableundertaking by Axis Capital)Total 5,726.59 57.73Collateral Borrowing & Lending obligation 119.97 1.21Total 119.97 1.21Net Current Assets/(Liabilities) 610.77 6.14Grand Total 9,920.84 100.00Notes :1. Average Maturity of the portfolio : 2.21 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



9

Kotak Bond Short Term Plan

Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange7.95% National Bank for Agriculture INE261F08600 CRISIL AAA 3250 32,921.10 5.74and Rural Development8.12% ONGC Manglore INE053T07026 FITCH IND AAA 2650 26,923.58 4.69Petrochemicals Ltd.8.34% HDFC Ltd. INE001A07OU6 CRISIL AAA 265 26,799.00 4.678.30% Nabha Power Ltd. (backed by INE445L08318 ICRA AAA 2400 24,310.06 4.24 unconditional and irrevocable guaranteeby Larsen & Toubro Ltd.)8.35% Mahindra & Mahindra INE774D07PF0 FITCH IND AAA 1850 18,636.40 3.25Financial Services Ltd.7.95% Power Finance Corporation Ltd. INE134E08IF8 CRISIL AAA 1830 18,529.45 3.238.48% Bajaj Finance Limited INE296A07LN3 FITCH IND AAA 1540 15,618.36 2.729.45% Dewan Housing INE202B07FG5 CARE AAA 1500 15,101.12 2.63Finance Corporation Ltd.8.32% Nabha Power Ltd. (backed by INE445L08268 ICRA AAA 1425 14,403.62 2.51 unconditional and irrevocable guaranteeby Larsen & Toubro Ltd.)8.10% Reliance Jio Infocomm Ltd. INE110L07054 CRISIL AAA 1400 14,106.48 2.468.25% ICICI Home Finance Co. Ltd. INE071G08833 ICRA AAA 2480 12,468.34 2.178.10% Reliance Jio Infocomm Ltd. INE110L07062 CRISIL AAA 1170 11,791.38 2.058.40% ONGC Manglore INE053T07018 FITCH IND AAA 1141 11,637.25 2.03Petrochemicals Ltd.8.40% Reliance Jio Infocomm Ltd. INE110L07021 CRISIL AAA 1130 11,434.88 1.998.65% Kotak Mahindra Prime Ltd. INE916DA7LJ2 CRISIL AAA 1000 10,126.23 1.768.45% Fullerton India Credit Co. Ltd. INE535H07928 CARE AAA 1000 10,080.28 1.767.98% National Bank for Agriculture INE261F08592 CRISIL AAA 945 9,588.89 1.67and Rural Development8.32% Reliance Jio Infocomm Ltd. INE110L07070 CRISIL AAA 900 9,151.94 1.598.25% Kotak Mahindra Prime Ltd. INE916DA7LQ7 CRISIL AAA 900 9,064.37 1.588.65% Kotak Mahindra Prime Ltd. INE916DA7LL8 CRISIL AAA 885 9,008.67 1.578.65% Indiabulls Housing Finance Ltd. INE148I07FU6 CARE AAA 3400 8,516.32 1.488.06% Small Industries INE556F09593 CARE AAA 760 7,723.10 1.35Development Bank of India.8.50% HDB Financial Services Ltd. INE756I07696 CRISIL AAA 750 7,593.38 1.328.65% Indiabulls Housing Finance Ltd. INE148I07FL5 CARE AAA 750 7,508.36 1.318.05% LIC Housing Finance Ltd. INE115A07KA4 CRISIL AAA 650 6,521.92 1.148.17% Power Finance Corporation Ltd. INE134E08HT1 CRISIL AAA 520 5,270.96 0.928.65% Kotak Mahindra Prime Ltd. INE916DA7LC7 CRISIL AAA 500 5,059.99 0.888.97% HDB Financial Services Ltd. INE756I07548 CRISIL AAA 430 4,361.03 0.768.28% Power Finance Corporation Ltd. INE134E08HU9 CRISIL AAA 370 3,759.14 0.65ZCB LIC Housing Finance Ltd. INE115A07IV4 CRISIL AAA 350 3,756.55 0.659.70% Export-Import Bank of India. INE514E08DD7 CRISIL AAA 340 3,556.00 0.628.05% Rural Electrification INE020B08971 CRISIL AAA 250 2,534.94 0.44Corporation Ltd.9.25% Rural Electrification INE020B08773 CRISIL AAA 244 2,481.88 0.43Corporation Ltd.9.65% LIC Housing Finance Ltd. INE115A07FE6 CRISIL AAA 230 2,390.09 0.429.40% Nabha Power Ltd. (backed by INE445L08128 ICRA AAA 150 1,525.61 0.27unconditional and irrevocable guaranteeby Larsen & Toubro Ltd.)8.55% Reliance Jio Infocomm Ltd. INE110L07013 CRISIL AAA 150 1,521.52 0.278.33% Indian Railway Finance INE053F07850 CRISIL AAA 125 1,279.72 0.22Corporation Ltd.9.25% Rural Electrification INE020B07IY8 CRISIL AAA 125 1,271.30 0.22Corporation Ltd.8.70% Rural Electrification INE020B08815 CRISIL AAA 115 1,168.88 0.20Corporation Ltd.8.90% SP Jammu Udhampur Highway Ltd. INE923L07050 ICRA AAA 109 1,101.21 0.19(backed by unconditional andirrevocable guarantee of ShapoorjiPallonji & Co Pvt. Ltd.)9.30% Power Finance Corporation Ltd. INE134E08GE5 CRISIL AAA 100 1,017.07 0.188.40% Power Finance Corporation Ltd. INE134E08HN4 CRISIL AAA 80 812.88 0.147.95% Steel Authority of India Ltd. INE114A07893 FITCH IND AA 80 798.32 0.14ZCB LIC Housing Finance Ltd. INE115A07EQ3 CRISIL AAA 55 748.67 0.138.58% HDFC Ltd. INE001A07LJ5 CRISIL AAA 50 505.68 0.098.85% East-North Interconnection Co. Ltd. INE556S07079 CRISIL AAA(SO) 50 504.11 0.097.88% Power Finance Corporation Ltd. INE134E08HY1 CRISIL AAA 50 502.53 0.098.12% Power Finance Corporation Ltd. INE134E08IA9 CRISIL AAA 40 406.18 0.078.00% National Housing Bank INE557F08EW1 CRISIL AAA 40 404.02 0.078.05% National Bank for Agriculture INE261F08576 CRISIL AAA 30 301.18 0.05and Rural Development10.05% HDB Financial Services Ltd. INE756I07373 CRISIL AAA 25 251.95 0.049.84% IOT Utkal Energy Services Ltd. INE310L07308 CRISIL AAA(SO) 238 244.77 0.049.84% IOT Utkal Energy Services Ltd. INE310L07282 CRISIL AAA(SO) 238 243.35 0.049.84% IOT Utkal Energy Services Ltd. INE310L07324 CRISIL AAA(SO) 221 228.23 0.049.84% IOT Utkal Energy Services Ltd. INE310L07316 CRISIL AAA(SO) 221 227.67 0.048.40% State Bank of India. INE062A09171 CRISIL AAA 20 203.61 0.048.18% Steel Authority of India Ltd. INE114A07927 FITCH IND AA 20 200.36 0.039.84% IOT Utkal Energy Services Ltd. INE310L07522 CRISIL AAA(SO) 170 183.85 0.039.84% IOT Utkal Energy Services Ltd. INE310L07654 CRISIL AAA(SO) 153 170.32 0.039.84% IOT Utkal Energy Services Ltd. INE310L07647 CRISIL AAA(SO) 153 169.93 0.039.84% IOT Utkal Energy Services Ltd. INE310L07597 CRISIL AAA(SO) 153 167.94 0.039.84% IOT Utkal Energy Services Ltd. INE310L07589 CRISIL AAA(SO) 153 167.81 0.039.84% IOT Utkal Energy Services Ltd. INE310L07571 CRISIL AAA(SO) 153 167.42 0.039.84% IOT Utkal Energy Services Ltd. INE310L07563 CRISIL AAA(SO) 153 167.02 0.039.84% IOT Utkal Energy Services Ltd. INE310L07548 CRISIL AAA(SO) 153 166.23 0.039.84% IOT Utkal Energy Services Ltd. INE310L07530 CRISIL AAA(SO) 153 165.85 0.039.84% IOT Utkal Energy Services Ltd. INE310L07720 CRISIL AAA(SO) 136 153.36 0.039.84% IOT Utkal Energy Services Ltd. INE310L07704 CRISIL AAA(SO) 136 153.18 0.039.84% IOT Utkal Energy Services Ltd. INE310L07712 CRISIL AAA(SO) 136 153.01 0.039.84% IOT Utkal Energy Services Ltd. INE310L07696 CRISIL AAA(SO) 136 152.83 0.039.84% IOT Utkal Energy Services Ltd. INE310L07688 CRISIL AAA(SO) 136 152.47 0.039.84% IOT Utkal Energy Services Ltd. INE310L07670 CRISIL AAA(SO) 136 152.12 0.039.84% IOT Utkal Energy Services Ltd. INE310L07662 CRISIL AAA(SO) 136 151.76 0.038.35% Power Finance Corporation Ltd. INE134E08HL8 CRISIL AAA 15 150.88 0.039.84% IOT Utkal Energy Services Ltd. INE310L07605 CRISIL AAA(SO) 136 149.64 0.039.84% IOT Utkal Energy Services Ltd. INE310L07290 CRISIL AAA(SO) 138 141.52 0.029.84% IOT Utkal Energy Services Ltd. INE310L07738 CRISIL AAA(SO) 119 134.47 0.028.79% Bajaj Finance Limited INE296A07IZ3 FITCH IND AAA 10 102.81 0.028.81% Mahindra & Mahindra INE774D07LV6 FITCH IND AAA 10 100.56 0.02Financial Services Ltd.8.95% Power Finance Corporation Ltd. INE134E08FK4 CRISIL AAA 4 40.82 0.018.00% HDFC Ltd. INE001A07AZ4 CRISIL AAA 3 30.07 0.01Total 401,649.75 70.01Government Dated SecuritiesListed/Awaiting listing onStock Exchange7.59% Government Stock - 2029 IN0020150069 SOV 32400000 33,920.24 5.917.86% Government Stock - 2019 IN2920160057 SOV 26500000 26,980.34 4.708.26% Government Stock - 2022 IN3320160069 SOV 15000000 15,534.11 2.718.53% Government Stock - 2022 IN2820150174 SOV 11000000 11,515.70 2.018.15% Government Stock - 2021 IN3320160051 SOV 11000000 11,332.88 1.977.59% Government Stock - 2026 IN0020150093 SOV 6000000 6,254.97 1.098.45% Government Stock - 2023 IN2820150182 SOV 5500000 5,775.97 1.018.39% Government Stock - 2019 IN2920150280 SOV 5500000 5,655.73 0.998.55% Government Stock - 2022 IN3520150076 SOV 4000000 4,190.89 0.738.50% Government Stock - 2024 IN1820150093 SOV 3000000 3,176.82 0.558.45% Government Stock - 2023 IN1820150085 SOV 3000000 3,151.22 0.558.53% Government Stock - 2022 IN3720150082 SOV 3000000 3,140.65 0.558.53% Government Stock - 2022 IN1820150077 SOV 2800000 2,931.27 0.518.27% Government Stock - 2023 IN2920160099 SOV 2000000 2,084.44 0.368.52% Government Stock - 2022 IN3320150664 SOV 1500000 1,569.62 0.278.45% Government Stock - 2023 IN1320150072 SOV 1000000 1,050.41 0.188.53% Government Stock - 2022 IN1320150064 SOV 1000000 1,046.88 0.188.27% Government Stock - 2022 IN2920160081 SOV 1000000 1,036.34 0.181.44% Government Stock - 2023 IN0020130046 SOV 1000000 1,008.47 0.187.73% Government Stock - 2034 IN0020150051 SOV 500000 530.70 0.09Total 141,887.65 24.72


Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock ExchangeZCB HDFC Ltd. INE001A07HP0 CRISIL AAA 65 1,008.66 14.608.71% Tata Capital Financial Services Ltd. INE306N07FU0 CRISIL AA+ 60 602.18 8.728.71% Tata Capital Housing Finance Ltd. INE033L07BZ2 CRISIL AA+ 60 602.14 8.729.69% LIC Housing Finance Ltd. INE115A07FG1 CRISIL AAA 33 333.26 4.829.33% Power Grid Corporation of India Ltd. INE752E07EY9 CRISIL AAA 26 326.50 4.738.85% Power Grid Corporation of India Ltd. INE752E07KB4 CRISIL AAA 26 325.26 4.719.84% IOT Utkal Energy Services Ltd. INE310L07233 CRISIL AAA(SO) 30 30.30 0.449.84% IOT Utkal Energy Services Ltd. INE310L07225 CRISIL AAA(SO) 30 30.23 0.449.84% IOT Utkal Energy Services Ltd. INE310L07217 CRISIL AAA(SO) 30 30.14 0.449.84% IOT Utkal Energy Services Ltd. INE310L07209 CRISIL AAA(SO) 30 30.05 0.449.84% IOT Utkal Energy Services Ltd. INE310L07258 CRISIL AAA(SO) 28 28.44 0.419.84% IOT Utkal Energy Services Ltd. INE310L07241 CRISIL AAA(SO) 28 28.36 0.41Total 3,375.52 48.88Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.58% Government Stock - 2016 IN1920120038 SOV 1125000 1,126.33 16.308.45% Government Stock - 2017 IN3320060020 SOV 50000 50.28 0.73Total 1,176.61 17.03Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CD Dena Bank INE077A16DS4 CRISIL A1+ 800 777.08 11.25CD Small Industries Development INE556F16101 CRISIL A1+ 650 628.99 9.11Bank of India.Total 1,406.07 20.36Reverse RepoSankhya Financial Service Pvt. Ltd 486.35 7.04Total 486.35 7.04Collateral Borrowing & Lending obligation 139.96 2.03Total 139.96 2.03Net Current Assets/(Liabilities) 323.61 4.66Grand Total 6,908.12 100.00Notes :1. Average Maturity of the portfolio : 0.28 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listingon Stock Exchange8.78% Kotak Mahindra Prime Ltd. INE916DA7IQ3 CRISIL AAA 40 403.68 10.589.11% Fullerton India Credit Co. Ltd. INE535H07654 CARE AAA 36 362.59 9.509.11% Power Finance Corporation Ltd. INE134E08FY5 CRISIL AAA 35 354.40 9.298.75% LIC Housing Finance Ltd. INE115A07JD0 CARE AAA 35 352.94 9.25Total 1,473.61 38.62Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CD ICICI Bank Ltd. INE090A162I4 CRISIL A1+ 440 418.29 10.96CD IndusInd Bank Ltd. INE095A16TG7 CRISIL A1+ 440 416.16 10.91CD AXIS Bank Ltd. INE238A16N51 CRISIL A1+ 440 416.11 10.91CD Andhra Bank INE434A16NV0 CARE A1+ 440 415.97 10.90CP Piramal Enterprises Limited INE140A14LQ2 ICRA A1+ 74 351.23 9.21Total 2,017.76 52.89Collateral Borrowing & Lending obligation 169.94 4.45Total 169.94 4.45Net Current Assets/(Liabilities) 153.94 4.04Grand Total 3,815.25 100.00Notes :1. Average Maturity of the portfolio : 0.72 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company


Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CD Export-Import Bank of India. INE514E16AR6 CRISIL A1+ 8000 7,548.50 1.32CD Corporation Bank INE112A16KQ8 CRISIL A1+ 7500 7,045.85 1.23CD Dena Bank INE077A16DS4 CRISIL A1+ 1450 1,408.45 0.25CD AXIS Bank Ltd. INE238A16M94 CRISIL A1+ 1000 948.45 0.17CD Andhra Bank INE434A16NV0 CARE A1+ 600 567.23 0.10CD IDFC Bank Limited INE092T16348 CRISIL A1+ 500 495.62 0.09Total 18,014.10 3.16Treasury BillsTB 91 Days Treasury Bill 27/10/2016** IN002016X173 SOV 10200000 10,152.97 1.77TB 91 Days Treasury Bill 06/10/2016** IN002016X140 SOV 5600000 5,595.02 0.97TB 182 Treasury Bill 20.10.2016 IN002016Y023 SOV 2200000 2,192.58 0.38TB 91 Days Treasury Bill 22/12/2016** IN002016X256 SOV 500000 492.89 0.09Total 18,433.46 3.21Reverse RepoSankhya Financial Services Pvt Ltd 2,775.87 0.48Total 2,775.87 0.48Collateral Borrowing & Lending obligation 949.72 0.17Total 949.72 0.17Net Current Assets/(Liabilities) (9,730.26) (1.75)Grand Total 573,980.29 100.00Notes :1. Average Maturity of the portfolio : 3.30 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company


Kotak Bond Short Term Plan (continued)

Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) Assets

Kotak Banking and PSU Debt Fund

Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange8.47% PNB Housing Finance Ltd. INE572E09361 CARE AAA 650 6,673.45 9.568.40% Canara Bank INE476A08050 CRISIL AAA 500 5,214.68 7.478.45% State Bank of Travancore INE654A08011 CRISIL AAA 340 3,512.37 5.038.40% ONGC Manglore Petrochemicals Ltd. INE053T07018 FITCH IND AAA330 3,365.73 4.828.90% State Bank of India. INE062A09163 CRISIL AAA 300 3,091.92 4.437.65% National Bank for Agriculture INE261F08634 CRISIL AAA 300 3,011.27 4.31and Rural Development7.95% HDFC Bank Ltd. INE040A08369 CRISIL AAA 25 2,545.09 3.657.95% National Bank for Agriculture INE261F08600 CRISIL AAA 250 2,532.39 3.63and Rural Development9.63% Export-Import Bank of India. INE514E08DE5 CRISIL AAA 215 2,246.57 3.228.53% Power Finance Corporation Ltd. INE134E08HP9 ICRA AAA 200 2,072.71 2.979.02% Rural Electrification Corporation Ltd. INE020B07IV4 CRISIL AAA 150 1,559.03 2.238.36% Power Finance Corporation Ltd. INE134E08HV7 CRISIL AAA 150 1,548.03 2.229.35% Punjab National Bank INE160A09207 CARE AA 147 1,493.65 2.148.00% National Housing Bank INE557F08EW1 CRISIL AAA 80 808.04 1.168.40% Power Finance Corporation Ltd. INE134E08HB9 CRISIL AAA 50 508.09 0.739.39% Power Finance Corporation Ltd. INE134E08GF2 CRISIL AAA 20 210.01 0.30Total 40,393.03 57.87Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.27% Government Stock - 2022 IN2920160081 SOV 3700000 3,834.47 5.498.53% Government Stock - 2022 IN3720150082 SOV 3500000 3,664.09 5.258.52% Government Stock - 2022 IN3320150664 SOV 2150000 2,249.79 3.227.75% Government Stock - 2018 IN2920160040 SOV 2000000 2,020.46 2.898.00% Government Stock - 2018 IN2020070081 SOV 500000 506.44 0.73Total 12,275.25 17.58Privately placed / Unlisted8.90% Powergrid Vizag Transminssion Ltd. INE979S07016 CRISIL AAA(SO)130 1,346.47 1.93(backed by unconditional and irrevocableguarantee by Powergrid Corp)Total 1,346.47 1.93Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CD IndusInd Bank Ltd. INE095A16TG7 CRISIL A1+ 4000 3,783.28 5.42CD AXIS Bank Ltd. INE238A16N51 CRISIL A1+ 2500 2,364.24 3.39CD AXIS Bank Ltd. INE238A16M94 CRISIL A1+ 500 474.23 0.68Total 6,621.75 9.49Collateral Borrowing & Lending obligation 1,644.47 2.36Total 1,644.47 2.36Net Current Assets/(Liabilities) 7,515.12 10.77Grand Total 69,796.09 100.00Notes :1. Average Maturity of the portfolio : 3.49 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company


Kotak Income Opportunities Fund

Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange4.00% HPCL Mittal Pipelines Ltd. INE803N07043 ICRA AA- 1180 17,568.44 6.819.25% Reliance Jio Infocomm Ltd. INE110L08037 CRISIL AAA 1420 15,154.79 5.8810.75% Tata Power Company Ltd. INE245A08042 CRISIL AA- 977 10,587.71 4.1110.90% DLF Emporio Ltd. INE866N07016 CRISIL AA 1000 10,376.35 4.0210.50% Au Financiers (India) Limited INE949L07345 FITCH IND A+ 1000 10,155.16 3.948.57% Nirchem Cement Ltd. INE548V07039 CRISIL AA 900 9,072.62 3.52(Secured By Nirma Ltd.)11.40% Prestige Estates Projects Ltd. INE811K07026 ICRA A+ 75 7,606.87 2.957.95% Nirma Ltd. INE091A07158 CRISIL AA 750 7,500.03 2.918.65% Indiabulls Housing Finance Ltd. INE148I07FU6 CARE AAA 2600 6,512.48 2.539.50% Union Bank of India INE692A08029 CARE AA 500 5,044.28 1.968.75% LIC Housing Finance Ltd. INE115A07JD0 CARE AAA 500 5,042.05 1.969.82% Edelweiss Agri Value Chain Ltd. INE616U07010 CARE AA(SO) 500 5,009.32 1.94 (Unconditional and irrevocable guaranteefrom Edelweiss Financial Services Limite)9.50% India Infoline Housing Finance Ltd. INE477L07610 ICRA AA 500 5,007.64 1.948.65% Indiabulls Housing Finance Ltd. INE148I07FL5 CARE AAA 500 5,005.57 1.9412.65% Janalakshami Financial Services Ltd. INE953L07271 ICRA A+ 410 4,285.30 1.66FRD Tata Power Renewable Energy Ltd. INE607M08022 CARE CARE AA(SO) 410 4,162.17 1.6111.50% Bank of India INE084A08078 CRISIL A+ 398 4,096.24 1.5912.50% Equitas Micro Finance Ltd. INE186N07092 CARE A+ 400 4,062.54 1.5810.50% Indiabulls Housing Finance Ltd. INE148I07118 CARE AA+ 400 4,034.48 1.5613.50% Janalakshami Financial Services Ltd. INE953L07115 ICRA A+ 350 3,633.70 1.4112.20% Asirvad Microfinance Private Limited INE516Q07150 CRISIL A+ 350 3,537.32 1.37(85% subsidiary of Manappuram Finance Ltd .)9.91% Dalmia Cement (Bharat) Ltd. INE755K07199 ICRA AA 330 3,360.57 1.309.30% Piramal Enterprises Limited INE140A08ST3 ICRA AA 330 3,312.16 1.2810.45% ECL Finance Limited INE804I07ZJ5 CARE AA 320000 3,242.91 1.269.80% ECL Finance Limited INE804I07I22 ICRA AA 300 3,023.22 1.1713.50% Janalakshami Financial Services Ltd. INE953L07107 ICRA A+ 25 2,591.66 1.0011.25% Syndicate Bank INE667A08070 CARE AA- 250 2,566.02 0.9911.50% Manappuram Finance Ltd. INE522D07867 CRISIL AA- 250000 2,549.94 0.999.00% Reliance Jio Infocomm Limited INE110L08060 CRISIL AAA 150 1,584.89 0.614.00% HPCL Mittal Pipelines Ltd. INE803N07035 ICRA AA- 105 1,540.71 0.609.05% Essel Lucknow Raebareli INE465N07207 CARE AAA 140 1,455.27 0.56Toll Roads Limited9.10% SP Jammu Udhampur Highway Ltd. INE923L07100 ICRA AAA 131 1,325.04 0.51(backed by unconditional and irrevocable guarantee of Shapoorji Pallonji & Co Pvt Ltd .)9.10% SP Jammu Udhampur Highway Ltd. INE923L07092 ICRA AAA 122 1,234.01 0.48(backed by unconditional and irrevocableguarantee of Shapoorji Pallonji & Co Pvt. Ltd .)11.40% Haldhar Developers Pvt. Ltd. INE185RO7012 IICRA AA- 4199 1,155.85 0.45(backed by unconditional and irrevocableundertaking by Piramal )8.32% Reliance Jio Infocomm Ltd. INE110L07070 CRISIL AAA 100 1,016.88 0.3912.00% Peninsula Land Limited INE138A08080 ICRA A 90 965.67 0.3712.00% Peninsula Land Limited INE138A08072 ICRA A 90 965.67 0.3711.00% Bank of India INE084A08052 BRICKWORK 62 627.75 0.24

BWR AA-9.90% Indostar Capital Finance Pvt. Ltd. INE896L07249 CARE AA- 2 201.91 0.089.25% LIC Housing Finance Ltd. INE115A07DD3 CRISIL AAA 8 85.18 0.038.98% HDFC Ltd. INE001A07FW0 CRISIL AAA 7 72.84 0.0310.05% HDB Financial Services Ltd. INE756I07373 CRISIL AAA 5 50.39 0.028.79% HDFC Ltd. INE001A07FR0 CRISIL AAA 4 41.26 0.02Total 180,424.86 69.94Privately placed / Unlisted4.00% HPCL Mittal Energy Ltd. INE137K07026 ICRA AA- 530 7,838.85 3.0411.75% Karelides Traders Private Ltd. INE479R07027 ICRA AA- 750 7,525.84 2.92(backed by unconditional and irrevocableundertaking by a wholly owned subsidiaryof Piramal Enterprises Ltd )4.00% HPCL Mittal Energy Ltd. INE137K07034 ICRA AA- 500 7,512.70 2.918.40% Bharti enterprises INE453T08018 CRISIL A1+ 750 7,503.90 2.91(Holding) Pvt. Ltd.(̂ )9.57% Piramal Enterprises Limited INE140A07146 ICRA AA 500 5,061.30 1.96ZCB SBK Properties Pvt. Ltd. INE729R08015 ICRA AA- 350 4,387.12 1.70(Guaranteed by a Kalyani Group Co. )FRD Shriram Transport Finance Co Ltd. INE721A07JB9 FITCH IND AA+ 250 2,510.99 0.97ZCB Bhanu Vyapaar Pvt. Ltd. INE575S07020 FITCH IND AA- 140 1,593.36 0.62(Secured by Equity shares of Emami Ltd.)ZCB Continental Drug Co. Pvt. Ltd. INE582R07051 BRICKWORK BWR A+ 14 1,471.39 0.57(Secured by Equity shares ofZee Entertainment Enterprises Ltd.)10.35% Mandava Holdings Pvt. Ltd. INE689L07057 ICRA AAA 10 1,009.92 0.39(backed by unconditional and irrevocableundertaking by Axis Capital )11.10% Hero Realty Ltd. (Guaranteed INE829Q07033 ICRA A+ 5 503.16 0.20by a Hero Group company)Total 46,918.53 18.19Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CD Export-Import Bank of India. INE514E16AR6 CRISIL A1+ 9500 8,963.85 3.48CP Manappuram Finance Ltd. INE522D14EM9 CRISIL A1+ 1000 4,733.92 1.84CD Corporation Bank INE112A16KQ8 CRISIL A1+ 5000 4,697.24 1.82CD AXIS Bank Ltd. INE238A16N51 CRISIL A1+ 3000 2,837.09 1.10CD Andhra Bank INE434A16NV0 CARE A1+ 200 189.08 0.07Total 21,421.18 8.31Collateral Borrowing & Lending obligation 1,714.45 0.66Total 1,714.45 0.66Reverse RepoSankhya Financial Services Pvt Ltd 1,394.79 0.54Total 1,394.79 0.54Net Current Assets/(Liabilities) 6,021.03 2.36Grand Total 257,894.84 100.00Notes :1. Average Maturity of the portfolio : 2.94 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



10


Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsMoney Market InstrumentsTreasury Bills**TB 182 Treasury Bill 20.10.2016 IN002016Y023 SOV 200000 199.33 72.24Total 199.33 72.24Collateral Borrowing & Lending obligation 49.98 18.12Total 49.98 18.12Net Current Assets/ (Liabilities) 26.59 9.64

Grand Total 275.90 100.00Notes :1. Average Maturity of the portfolio : 0.04 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange9.31% Mahindra & Mahindra INE774D07KI5 FITCH IND AAA 33 330.12 12.55Financial Services Ltd.ZCB Bajaj Finance Limited INE296A07DL4 CRISIL AA+ 22 262.26 9.9710.30% Kotak Mahindra Prime Ltd. INE916DA7865 CRISIL AAA 10 100.06 3.80Total 692.44 26.32Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.75% Government Stock - 2016 IN1520120081 SOV 500000 500.05 19.01Total 500.05 19.01Collateral Borrowing & Lending obligation 1,254.60 47.70Total 1,254.60 47.70Net Current Assets/(Liabilities) 182.91 6.97Grand Total 2,630.00 100.00Notes :1. Average Maturity of the portfolio : 0.01 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company


Kotak Floater Short Term

Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsGovernment Dated SecuritiesListed/Awaiting listing onStock Exchange8.77% Government Stock - 2016 IN1920120053 SOV 1000000 1,002.67 0.118.75% Government Stock - 2016 IN1520120115 SOV 825000 827.11 0.09Total 1,829.78 0.20Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CDCP HDFC Ltd. INE001A14PT1 ICRA A1+ 11400 56,757.86 6.02CP Rural Electrification Corporation Ltd.** INE020B14409 CARE A1+ 10000 49,819.82 5.29CP Bajaj Finance Limited** INE296A14KJ9 CRISIL A1+ 10000 49,583.34 5.26CP National Bank for Agriculture INE261F14AV8 CRISIL A1+ 10000 49,352.15 5.24and Rural Development**CP Sun Pharmaceutical Industries Ltd.** INE915T14063 ICRA A1+ 10000 49,278.20 5.23CP Reliance Jio Infocomm Limited** INE110L14AV5 CARE A1+ 6000 29,831.52 3.16CP Power Finance Corporation Ltd.** INE134E14790 CARE A1+ 6000 29,690.63 3.15CP Bharat Aluminum Co. Ltd.** INE738C14CO3 CRISIL A1+(SO) 5500 27,070.04 2.87CP Hindustan Zinc Ltd** INE267A14069 ICRA A1+ 5000 24,733.39 2.62CP Small Industries Development INE556F14DL6 CARE A1+ 5000 24,676.58 2.62Bank of India.**CP ECL Finance Limited** INE804I14NA6 CRISIL A1+ 4900 24,455.03 2.59CP Suraksha Realty Ltd. (Secured by INE959P14127 CARE A1+ 4000 19,962.91 2.12Equity shares of Sun PharmaceuticalsIndustries Ltd .) **CP Tata Capital Housing Finance Ltd.** INE033L14EY5 CRISIL A1+ 4000 19,912.79 2.11CP Small Industries Development INE556F14DD3 CARE A1+ 4000 19,856.29 2.11Bank of India.**CP Reliance Jio Infocomm Limited** INE110L14AQ5 CARE A1+ 4000 19,855.13 2.11CP Muthoot Finance Ltd.** INE414G14DS1 CRISIL A1+ 4000 19,772.48 2.10CP Dewan Housing Finance Corporation Ltd.** INE202B14IP6 CRISIL A1+ 4000 19,749.30 2.10CP Muthoot Finance Ltd.** INE414G14DT9 CRISIL A1+ 4000 19,738.80 2.09CP Ultratech Cement Ltd.** INE481G14592 CRISIL A1+ 4000 19,711.94 2.09CP Suraksha Realty Ltd. (Secured by INE959P14226 CARE A1+(SO) 4000 19,666.82 2.09Equity shares of Sun PharmaceuticalsIndustries Ltd.) **CP Tata Capital Housing Finance Ltd.** INE033L14EZ2 CRISIL A1+ 3900 19,412.17 2.06CP Tata Motors Finance Ltd.** INE909H14JI6 ICRA A1+ 3100 15,388.09 1.63CP Muthoot Finance Ltd.** INE414G14DL6 CRISIL A1+ 3000 14,961.07 1.59CP Edelweiss Commodities Services Ltd.** INE657N14HQ6 CRISIL A1+ 3000 14,959.61 1.59CP Edelweiss Commodities Services Ltd.** INE657N14HN3 CRISIL A1+ 3000 14,868.95 1.58CP Muthoot Finance Ltd.** INE414G14DR3 CRISIL A1+ 3000 14,863.12 1.58CP Adani Transmission Ltd.** INE931S14328 FITCH IND A1+ 3000 14,849.72 1.58CP Muthoot Finance Ltd.** INE414G14DQ5 CRISIL A1+ 3000 14,848.67 1.58CP Vedanta Ltd.** INE205A14FY9 CRISIL A1+ 3000 14,833.66 1.57CP Aditya Birla Nuvo Limited** INE069A14HM0 ICRA A1+ 3000 14,817.35 1.57CP Dewan Housing Finance Corporation Ltd.** INE202B14IQ4 CRISIL A1+ 3000 14,814.68 1.57CP Suraksha Reality Ltd. (Secured by INE959P14192 CARE A1+ 3000 14,797.64 1.57Equity shares of Sun PharmaceuticalsIndustries Ltd.) **CP Suraksha Realty Ltd. (Secured by INE959P14200 CARE A1+(SO) 3000 14,779.79 1.57Equity shares of Sun PharmaceuticalsIndustries Ltd ) **CP Suraksha Realty Ltd. (Secured by INE959P14218 CARE A1+(SO) 3000 14,761.97 1.57Equity shares of Sun PharmaceuticalsIndustries Ltd.) **CP Muthoot Finance Ltd.** INE414G14DW3 CRISIL A1+ 2460 12,107.28 1.28CP Small Industries Development INE556F14DN2 CARE A1+ 2000 9,939.24 1.05Bank of India.**CP Rural Electrification Corporation Ltd.** INE020B14417 CARE A1+ 2000 9,882.54 1.05CP National Bank for Agriculture INE261F14970 CRISIL A1+ 2000 9,868.70 1.05and Rural Development**CP L & T Infrastructure Development INE981F14395 ICRA A1+ 2000 9,851.45 1.05Project Ltd.**CP Bharat Aluminum Co. Ltd.** INE738C14CP0 CRISIL A1+(SO) 2000 9,834.39 1.04CP Suraksha Realty Ltd. (Secured by INE959P14184 CARE A1+(SO) 1400 6,972.76 0.74Equity shares of Sun PharmaceuticalsIndustries Ltd.) **CP Steel Authority of India Ltd.** INE114A14CZ7 CARE A1+ 1000 4,982.01 0.53CP Phoenix ARC Pvt. Ltd.** INE163K14028 CRISIL A1+ 1000 4,946.94 0.52CP National Bank for Agriculture INE261F14AW6 CRISIL A1+ 1000 4,939.54 0.52and Rural Development**CP Shapoorji Pallonji Finance Pvt. Ltd.** INE716V14020 CRISIL A1+ 500 2,463.52 0.26CP Muthoot Finance Ltd.** INE414G14DM4 CRISIL A1+ 300 1,492.91 0.16CP Reliance Jio Infocomm Limited** INE110L14AR3 CRISIL A1+ 100 498.15 0.05CP National Bank for Agriculture INE261F14AS4 CRISIL A1+ 100 497.08 0.05and Rural Developmen**CD IDFC Bank Limited** INE092T16272 CRISIL A1+ 500 496.43 0.05CP Piramal Enterprises Limited** INE140A14MW8 ICRA A1+ 100 495.42 0.05Total 895,699.87 95.03Treasury BillsTB 91 Treasury Bill 13.10.2016** IN002016X157 SOV 50000000 49,893.46 5.29TB 91 Days Treasury Bill 29/12/2016** IN002016X264 SOV 47500000 46,767.88 4.96TB 91 Days Treasury Bill 01/12/2016** IN002016X223 SOV 29000000 28,693.59 3.04TB 91 Days Treasury Bill 27/10/2016** IN002016X173 SOV 28700000 28,567.67 3.03TB 182 Treasury Bill 20.10.2016 IN002016Y023 SOV 25500000 25,413.96 2.70TB 364 Treasury Bill 13.10.2016** IN002015Z154 SOV 17500000 17,462.96 1.85TB 91 Days Treasury Bill 06/10/2016** IN002016X140 SOV 11000000 10,990.23 1.17TB 91 Days Treasury Bill 20/10/2016** IN002016X165 SOV 10000000 9,966.45 1.06TB 182 Days Treasury Bill 01/12/2016** IN002016Y056 SOV 5000000 4,947.09 0.52TB 91 Days Treasury Bill 15.12.2016** IN002016X249 SOV 5000000 4,935.09 0.52TB 91 Days Treasury Bill 22/12/2016** IN002016X256 SOV 1000000 985.78 0.10Total 228,624.16 24.24Reverse RepoSankhya Financial Services Pvt Ltd 6,262.09 0.66Total 6,262.09 0.66Collateral Borrowing & Lending obligation 374.89 0.04Total 374.89 0.04Net Current Assets/(Liabilities) (190,208.34) (20.17)Grand Total 942,582.45 100.00Notes :1. Average Maturity of the portfolio : 0.16 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company


Kotak Medium Term FundMarket Value % to Net

Name of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange9.25% Reliance Jio Infocomm Limited INE110L08037 CRISIL AAA 1480 15,795.14 6.389.91% Dalmia Cement (Bharat) Ltd. INE755K07207 ICRA AA 1230 12,541.63 5.0610.75% Tata Power Company Ltd. INE245A08042 CRISIL AA- 1027 11,129.56 4.498.66% Nirchem Cement Ltd. INE548V07047 CRISIL AA 900 9,084.40 3.67(Secured By Nirma Ltd.)10.45% ECL Finance Limited INE804I07ZJ5 CARE AA 830000 8,411.29 3.4011.40% Prestige Estates Projects Limited INE811K07026 ICRA A+ 75 7,606.87 3.077.95% Nirma Ltd. INE091A07158 CRISIL AA 750 7,500.03 3.038.95% Reliance Utilities And INE936D07067 CRISIL AAA 700 7,275.85 2.94Power Private Limited8.47% PNB Housing Finance Ltd. INE572E09361 CARE AAA 600 6,160.10 2.498.65% Indiabulls Housing Finance Ltd. INE148I07FU6 CARE AAA 2400 6,011.52 2.439.50% India Infoline Housing Finance Ltd. INE477L07610 ICRA AA 6000 6,009.17 2.4311.50% Bank of India INE084A08078 CRISIL A+ 500 5,146.03 2.084.00% HPCL Mittal Pipelines Ltd. INE803N07035 ICRA AA- 350 5,135.70 2.0711.09% IDBI Bank Ltd. INE008A08V34 ICRA A+ 500 5,044.93 2.049.50% Union Bank of India INE692A08029 CARE AA 500 5,044.28 2.049.15% Birla Corporation Ltd. INE340A07076 CARE AA 500 5,014.61 2.029.82% Edelweiss Agri Value Chain Ltd. INE616U07028 CARE AA(SO) 490 4,909.13 1.98 ( Unconditional and irrevocable guaranteefrom Edelweiss Financial Services Ltd.)8.32% Reliance Jio Infocomm Limited INE110L07070 CRISIL AAA 400 4,067.53 1.644.00% HPCL Mittal Pipelines Ltd. INE803N07043 ICRA AA- 260 3,871.01 1.5612.50% Equitas Micro Finance Ltd. INE186N07092 CARE A+ 350 3,554.72 1.449.80% ECL Finance Limited INE804I07I22 ICRA AA 350 3,527.09 1.428.65% Indiabulls Housing Finance Ltd. INE148I07FL5 CARE AAA 350 3,503.90 1.41FRD Tata Power Renewable Energy Ltd. INE607M08022 CARE CARE 340 3,451.56 1.39

AA(SO)13.52% Asirvad Microfinance INE516Q07093 CARE A- 500 3,353.16 1.35Private Limited ( 85% subsidiary ofManappuram Finance Ltd.)8.47% Nirchem Cement Ltd. INE548V07021 CRISIL AA 300 3,020.47 1.22(Secured By Nirma Ltd.)9.05% Essel Lucknow Raebareli INE465N07199 CARE AAA 276 2,864.85 1.16Toll Roads Limited12.25% Au Financiers (India) Limited INE949L08145 FITCH IND A+ 250 2,628.81 1.068.55% Power Finance Corporation Ltd. INE134E08GT3 CRISIL AAA 250 2,615.31 1.068.40% Canara Bank INE476A08050 CRISIL AAA 250 2,607.34 1.0513.50% Janalakshami INE953L07107 ICRA A+ 25 2,591.66 1.05Financial Services Ltd.11.25% Syndicate Bank INE667A08070 CARE AA- 250 2,566.02 1.0411.00% Bank of India INE084A08052 BRICKWORK 220 2,227.50 0.90

BWR AA-9.40% Shriram Transport Finance Co Ltd. INE721A07HP3 FITCH IND AA+ 200 2,017.22 0.8112.00% Peninsula Land Limited INE138A08098 ICRA A 160 1,716.69 0.6913.50% Janalakshami INE953L07115 ICRA A+ 150 1,557.30 0.63Financial Services Ltd.8.45% Reliance Ports And Terminals Ltd. INE941D07133 CRISIL AAA 130 1,329.78 0.548.45% State Bank of Travancore INE654A08011 CRISIL AAA 110 1,136.36 0.469.10% East-North Interconnection Co. Ltd. INE556S07186 CRISIL AAA(SO) 100 1,023.16 0.418.55% Reliance Jio Infocomm Limited INE110L07013 CRISIL AAA 100 1,014.35 0.418.30% Nabha Power Ltd. (backed by INE445L08318 ICRA AAA 100 1,012.92 0.41unconditional and irrevocable guaranteeby Larsen & Toubro Ltd.)9.40% Piramal Enterprises Limited INE140A08SR7 ICRA AA 100 1,006.47 0.419.43% Piramal Enterprises Limited INE140A08SA3 ICRA AA 100 1,005.46 0.4111.40% Haldhar Developers Pvt. Ltd. INE185R07012 IICRA AA- 3237 891.12 0.36(backed by unconditional andirrevocable undertaking by Piramal )12.00% Peninsula Land Limited INE138A08080 ICRA A 80 858.38 0.3512.00% Peninsula Land Limited INE138A08072 ICRA A 80 858.38 0.359.05% Essel Lucknow Raebareli INE465N07181 CARE AAA 67 694.06 0.28Toll Roads Limited4.50% Indiabulls Housing Finance Ltd. INE148I07647 CARE AAA 50 580.79 0.2311.60% ECL Finance Limited INE804I07SH4 CARE AA 50000 507.26 0.208.85% East-North Interconnection Co. Ltd. INE556S07129 CRISIL AAA(SO) 50 506.34 0.209.10% SP Jammu Udhampur Highway Ltd. INE923L07084 ICRA AAA 50 505.74 0.20(backed by unconditional andirrevocable guarantee ofShapoorji Pallonji & Co Pvt. Ltd.)11.60% ECL Finance Limited INE804I07SG6 CARE AA 50000 505.64 0.208.85% East-North Interconnection Co. Ltd. INE556S07103 CRISIL AAA(SO) 50 505.42 0.2012.20% Asirvad Microfinance INE516Q07150 CRISIL A+ 50 505.33 0.20 Private Limited (85% subsidiary ofManappuram Finance Ltd.)8.85% East-North Interconnection Co. Ltd. INE556S07145 CRISIL AAA(SO) 50 504.15 0.209.10% SP Jammu Udhampur Highway Ltd. INE923L07076 ICRA AAA 43 434.94 0.18(backed by unconditional andirrevocable guarantee ofShapoorji Pallonji & Co Pvt. Ltd.)9.69% Power Finance Corporation Ltd. INE134E07513 CRISIL AAA 40 419.49 0.179.30% Power Finance Corporation Ltd. INE134E08GE5 CRISIL AAA 20 203.41 0.089.84% IOT Utkal Energy Services Ltd. INE310L07464 CRISIL AAA(SO) 170 181.30 0.079.84% IOT Utkal Energy Services Ltd. INE310L07456 CRISIL AAA(SO) 170 180.87 0.079.84% IOT Utkal Energy Services Ltd. INE310L07449 CRISIL AAA(SO) 170 180.43 0.079.84% IOT Utkal Energy Services Ltd. INE310L07639 CRISIL AAA(SO) 153 169.53 0.079.84% IOT Utkal Energy Services Ltd. INE310L07621 CRISIL AAA(SO) 153 169.14 0.079.84% IOT Utkal Energy Services Ltd. INE310L07613 CRISIL AAA(SO) 136 149.99 0.0610.63% IOT Utkal Energy Services Ltd. INE310L07AC5 CRISIL AAA 15 16.05 0.0110.63% IOT Utkal Energy Services Ltd. INE310L07993 CRISIL AAA 8 8.54 #10.63% IOT Utkal Energy Services Ltd. INE310L07AB7 CRISIL AAA 2 2.14 #Total 196,629.32 79.37Government Dated SecuritiesListed/Awaiting listing onStock Exchange1.44% Government Stock - 2023 IN0020130046 SOV 1500000 1,512.70 0.61Total 1,512.70 0.61Privately placed / Unlisted4.00% HPCL Mittal Energy Ltd. INE137K07018 ICRA AA- 700 10,161.39 4.109.57% Piramal Enterprises Limited INE140A07146 ICRA AA 890 9,009.11 3.64ZCB SBK Properties Pvt. Ltd. INE729R08015 ICRA AA- 400 5,013.85 2.02(Guaranteed by a KalyaniGroup company)9.95% Intime Properties Ltd. INE425L07015 FITCH IND AAA 412 3,846.07 1.559.88% Camden Industries Ltd. INE604U07016 CARE AAA(SO) 380 3,843.37 1.55 (backed by unconditional and irrevocableundertaking of Axis Capital )4.00% HPCL Mittal Energy Ltd. INE137K07034 ICRA AA- 140 2,103.55 0.854.00% HPCL Mittal Energy Ltd. INE137K07026 ICRA AA- 100 1,479.03 0.6010.35% Mandava Holdings Pvt. Ltd. INE689L07057 ICRA AAA 10 767.79 0.31(backed by unconditional and irrevocableundertaking by Axis Capital )Total 36,224.16 14.62Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CD ICICI Bank Ltd. INE090A163E1 ICRA A1+ 1000 981.13 0.40Total 981.13 0.40Treasury Bills**TB 182 Treasury Bill 20.10.2016 IN002016Y023 SOV 400000 398.65 0.16Total 398.65 0.16Collateral Borrowing & Lending obligation 5,673.18 2.29Total 5,673.18 2.29Net Current Assets/(Liabilities) 6,223.93 2.55Grand Total 247,643.07 100.00Notes :1. Average Maturity of the portfolio : 3.73 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company


Kotak Low Duration Fund

Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange7.70% Tata Power Company Ltd. (^) INE245A08083 ICRA AA 2900 29,026.62 10.649.24% Vedanta Ltd. INE268A07137 CRISIL AA- 1550 15,633.24 5.739.00% Indiabulls Housing Finance Limited(^) INE148I07EY1 CARE AAA 1140 11,413.83 4.188.13% Tata Motors Ltd. INE155A08290 CARE AA+ 1000 10,076.99 3.698.47% Nirchem Cement Ltd. INE548V07021 CRISIL AA 900 9,061.41 3.32 (Secured By Nirma Ltd.)13.00% Muthoot Finance Ltd. INE414G07159 ICRA AA- 758 7,658.26 2.814.50% Indiabulls Housing Finance Limited INE148I07647 CARE AAA 650 7,550.28 2.7710.00% Altico Capital India Pvt. Ltd. INE587O07032 FITCH AA-(IND) 65 6,502.76 2.3812.65% Janalakshami Financial Services Ltd. INE953L07271 ICRA A+ 500 5,225.98 1.929.50% Shriram Transport Finance Co Ltd. INE721A07HP3 FITCH IND AA+ 500 5,043.05 1.858.32% Reliance Jio Infocomm Limited INE110L07070 CRISIL AAA 350 3,559.09 1.3011.50% Muthoot Fincorp Ltd. INE549K07295 CRISIL A 300 3,107.79 1.149.40% Nabha Power Ltd. (backed by INE445L08177 ICRA AAA 300 3,055.33 1.12unconditional and irrevocable guarantee byLarsen & Toubro Ltd.) (^)9.55% Andhra Bank INE434A09149 CRISIL AA- 250 2,436.54 0.899.48% Oriental Bank of Commerce INE141A08027 ICRA A+ 250 2,396.00 0.889.48% Bank of Maharashtra INE457A09215 CRISIL A+ 250 2,394.27 0.889.90% Indostar Capital Finance Pvt. Ltd. INE896L07249 CARE AA- 23 2,322.00 0.858.65% Indiabulls Housing Finance Limited INE148I07FL5 CARE AAA 200 2,002.23 0.738.78% Kotak Mahindra Prime Ltd. INE916DA7IQ3 CRISIL AAA 190 1,917.49 0.709.82% Edelweiss Agri Value Chain Limited INE616U07028 CARE AA(SO) 190 1,903.54 0.70(Unconditional and irrevocable guarantee fromEdelweiss Financial Services Limite)9.25% Rural Electrification Corporation Ltd. INE020B08773 CRISIL AAA 150 1,525.75 0.569.40% Nabha Power Ltd. (backed by INE445L08144 ICRA AAA 150 1,525.27 0.56unconditional and irrevocable guarantee byLarsen & Toubro Ltd.)8.65% Indiabulls Housing Finance Limited INE148I07FU6 CARE AAA 600 1,502.88 0.5511.60% ECL Finance Limited INE804I07SG6 CARE AA 100000 1,011.27 0.378.37% Nirchem Cement Ltd. INE548V07013 CRISIL AA 100 1,003.57 0.37(Secured By Nirma Ltd.)10.45% ECL Finance Limited INE804I07ZJ5 CARE AA 60000 608.05 0.229.40% Nabha Power Ltd. (backed by INE445L08128 ICRA AAA 50 508.54 0.19unconditional and irrevocable guarantee by Larsen & Toubro Ltd.)10.70% Aspire Home Finance Corporation Ltd. INE658R07133 ICRA AA- 30 303.81 0.119.40% Piramal Enterprises Limited INE140A08ST3 ICRA AA 4 40.15 0.01Total 140,315.99 51.42Privately placed / Unlisted8.40% Bharti enterprises (Holding) Pvt. Ltd.(^) INE453T08018 CRISIL A1+ 2500 25,013.00 9.1710.50% Innovador Realtors Pvt. Ltd. (backed INE038U08015 ICRA A1+(SO) 12700 12,723.80 4.66by unconditional and irrevocable undertakingby Piramal )10.50% Innovador Realtors Pvt Ltd. (backed INE038U08031 ICRA A1+(SO) 10140 10,167.46 3.73by unconditional and irrevocable undertakingby Piramal )9.40% Shriram Transport Finance Co Ltd. INE721A07JB9 FITCH IND AA+ 1000 10,043.94 3.6811.75% Karelides Traders Private Ltd. INE479R07027 ICRA AA- 1000 10,034.45 3.68(backed by unconditional and irrevocableundertaking by a wholly owned subsidiaryof Piramal Enterprises Ltd.)9.50% Pune Solapur Expressways Pvt. Ltd. INE598K07011 ICRA A 7984 8,009.86 2.94 (toll road project of Tata Realty &Infrastructure Ltd. 100% subsidiaryof Tata Sons )12.25% Peninsula Land Limited INE138A08106 BRICKWORK 500 5,004.51 1.83

BWR A10.35% Mandava Holdings Private Limited INE689L07057 ICRA AAA 40 3,830.03 1.40(backed by unconditional and irrevocableundertaking by Axis Capital )ZCB Sahyadri Agencies Ltd (Secured by INE811P07041 BRICKWORK 300 3,696.61 1.36Equity shares of Jyothy Laboratories Ltd.) BWR A(SO)4.00% HPCL Mittal Energy Ltd. INE137K07034 ICRA AA- 210 3,155.33 1.169.95% Intime Properties Ltd. INE425L07015 FITCH IND AAA 250 2,333.78 0.8611.10% Hero Realty Ltd. (Guaranteed by INE829Q07033 ICRA A+ 20 2,012.64 0.74 a Hero Group company)11.10% Hero Realty Ltd. (Guaranteed by INE829Q07025 ICRA A+ 15 1,504.73 0.55a Hero Group company)4.00% HPCL Mittal Energy Ltd. INE137K07026 ICRA AA- 70 1,035.32 0.389.50% Pune Solapur Expressways Pvt. Ltd. INE598K07029 ICRA A 797 799.58 0.29(toll road project of Tata Realty &Infrastructure Ltd. 100% subsidiaryof Tata Sons)Total 99,365.04 36.43Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CD ICICI Bank Ltd. INE090A167H5 ICRA A1+ 12500 11,915.64 4.37CD AXIS Bank Ltd. INE238A16M94 CRISIL A1+ 12000 11,381.41 4.17CD AXIS Bank Ltd. INE238A16M45 CRISIL A1+ 10000 9,518.01 3.49CP HDFC Ltd. INE001A14PR5 ICRA A1+ 1800 8,455.73 3.10CP Manappuram Finance Ltd. INE522D14EM9 CRISIL A1+ 1000 4,733.92 1.74CD ICICI Bank Ltd. INE090A162I4 CRISIL A1+ 4350 4,135.36 1.52CD AXIS Bank Ltd. INE238A16N51 CRISIL A1+ 3845 3,636.20 1.33CP HDFC Ltd. INE001A14PT1 ICRA A1+ 200 995.75 0.37CD ICICI Bank Ltd. INE090A166I5 CRISIL A1+ 975 934.52 0.34CD ICICI Bank Ltd. INE090A166H7 ICRA A1+ 700 667.64 0.24CP Piramal Enterprises Limited INE140A14JJ1 ICRA A1+ 130 631.38 0.23CD Andhra Bank INE434A16NV0 CARE A1+ 645 609.77 0.22CD Vijaya Bank INE705A16ON8 CRISIL A1+ 500 499.82 0.18CP Au Financiers (India) Limited INE949L14978 CRISIL A1+ 100 496.46 0.18CD IndusInd Bank Ltd. INE095A16TG7 CRISIL A1+ 345 326.31 0.12CD AXIS Bank Ltd. INE238A16J99 CRISIL A1+ 300 290.43 0.11Total 59,228.35 21.71Treasury Bills**TB 91 Days Treasury Bill 27/10/2016 IN002016X173 SOV 3600000 3,583.40 1.31TB 182 Treasury Bill 20.10.2016 IN002016Y023 SOV 2200000 2,192.58 0.80Total 5,775.98 2.11Reverse RepoSankhya Financial Services Pvt Ltd 6,509.00 2.39Total 6,509.00 2.39Collateral Borrowing & Lending obligation 449.86 0.16Total 449.86 0.16Net Current Assets/(Liabilities) (38,862.07) (14.22)Grand Total 272,782.15 100.00Notes :1. Average Maturity of the portfolio : 1.10 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company Limited



11

Kotak Corporate Bond Fund

Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange8.37% Nirchem Cement Ltd. INE548V07013 CRISIL AA 130 1,304.64 8.76(Secured By Nirma Ltd)8.79% Bajaj Finance Limited INE296A07IZ3 FITCH IND AAA 90 925.31 6.228.40% ONGC Manglore Petrochemicals Ltd. INE053T07018 FITCH IND AAA 90 917.93 6.178.00% National Housing Bank INE557F08EW1 CRISIL AAA 80 808.04 5.438.10% Reliance Jio Infocomm Limited INE110L07062 CRISIL AAA 80 806.25 5.428.45% Reliance Ports And Terminals Limited INE941D07133 CRISIL AAA 70 716.03 4.819.10% SP Jammu Udhampur Highway Ltd. INE923L07084 ICRA AAA 70 708.04 4.76}(backed by unconditional and irrevocableguarantee of Shapoorji Pallonji & Co Pvt. Ltd.)9.40% Nabha Power Ltd. (backed by INE445L08151 ICRA AAA(SO) 60 610.49 4.10unconditional and irrevocable guarantee byLarsen & Toubro Ltd.)9.25% Rural Electrification Corporation Ltd. INE020B08773 CRISIL AAA 60 610.30 4.108.82% Power Finance Corporation Ltd. INE134E08FG2 CRISIL AAA 50 520.38 3.508.37% Rural Electrification Corporation Ltd. INE020B08948 CRISIL AAA 50 515.61 3.468.75% HDFC Ltd. INE001A07NH5 CRISIL AAA 100 513.19 3.458.40% Reliance Jio Infocomm Limited INE110L07021 CRISIL AAA 50 505.97 3.408.32% Nabha Power Ltd. (backed by INE445L08268 ICRA AAA 50 505.39 3.40unconditional and irrevocable guarantee byLarsen & Toubro Ltd.)9.27% Power Finance Corporation Ltd. INE134E08EW2 CRISIL AAA 45 457.42 3.0710.45% ECL Finance Limited INE804I07ZJ5 CARE AA 40000 405.36 2.728.41% HDFC Ltd. INE001A07NS2 CRISIL AAA 70 353.40 2.3710.50% Shriram Transport Finance Co Ltd. INE721A07DM9 CRISIL AA+ 20000 203.74 1.378.40% Power Finance Corporation Ltd. INE134E08HB9 CRISIL AAA 20 203.24 1.379.84% IOT Utkal Energy Services Ltd. INE310L07514 CRISIL AAA(SO) 170 183.41 1.239.15% Ultratech Cement Ltd. INE481G07109 CRISIL AAA 18 182.87 1.239.84% IOT Utkal Energy Services Ltd. INE310L07506 CRISIL AAA(SO) 170 182.84 1.239.70% Export-Import Bank of India. INE514E08DD7 CRISIL AAA 17 177.80 1.199.84% IOT Utkal Energy Services Ltd. INE310L07555 CRISIL AAA(SO) 153 166.63 1.128.70% Rural Electrification Corporation Ltd. INE020B08815 CRISIL AAA 10 101.64 0.688.60% Airports Authority of India INE309K08029 CRISIL AAA 10 101.59 0.688.70% Mahindra & Mahindra INE774D07LJ1 ICRA AAA 10 101.05 0.68 Financial Services Ltd.8.72% Steel Authority of India Ltd. INE114A07703 FITCH IND AA 8 81.46 0.559.84% IOT Utkal Energy Services Ltd. INE310L07407 CRISIL AAA(SO) 40 42.05 0.289.51% LIC Housing Finance Ltd. INE115A07FK3 CRISIL AAA 2 20.82 0.149.73% LIC Housing Finance Ltd. INE115A07EU5 CRISIL AAA 2 20.76 0.149.70% LIC Housing Finance Ltd. INE115A07CI4 CRISIL AAA 2 20.23 0.14ZCB National Bank for Agriculture INE261F09EQ0 CRISIL AAA 70 12.31 0.08and Rural Development9.65% LIC Housing Finance Ltd. INE115A07EP5 CRISIL AAA 1 10.34 0.079.75% LIC Housing Finance Ltd. INE115A07494 CRISIL AAA 1 10.25 0.079.56% LIC Housing Finance Ltd. INE115A07BV9 CRISIL AAA 1 10.06 0.07Total 13,016.84 87.46Privately placed / Unlisted8.90% Powergrid Vizag Transminssion Ltd. INE979S07016 CRISIL AAA(SO) 70 725.02 4.87 (backed by unconditional and irrevocableguarantee by Powergrid Corp)10.85% Inox Air Products Ltd. INE321A07092 CRISIL AA 10 100.46 0.67Total 825.48 5.54Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CD AXIS Bank Ltd. INE238A16C96 CRISIL A1+ 200 199.07 1.34Total 199.07 1.34Collateral Borrowing & Lending obligation 209.93 1.41Total 209.93 1.41Net Current Assets/ (Liabilities) 634.44 4.25Grand Total 14,885.76 100.00Notes :1. Average Maturity of the portfolio : 2.25 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange9.84% IOT Utkal Energy Services Ltd. INE310L07225 CRISIL AAA(SO) 67 67.52 10.989.64% Power Finance Corporation Ltd. INE134E08DZ7 CRISIL AAA 4 40.20 6.5410.20% L & T Finance Limited INE523E07913 CARE AA+ 1 25.02 4.07Total 132.74 21.59Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.75% Government Stock - 2016 IN1520120115 SOV 75000 75.19 12.23Total 75.19 12.23Collateral Borrowing & Lending obligation 359.91 58.52Total 359.91 58.52Net Current Assets/(Liabilities) 47.15 7.66Grand Total 614.99 100.00Notes :1. Average Maturity of the portfolio : 0.06 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company


Kotak Gold Fund

Market Value % to NetName of Instrument ISIN Code Industry Quantity (Rs.in Lakhs) AssetsMutual Fund UnitsExchange Traded FundsListed/Awaiting listing onStock ExchangeKotak Gold ETF INF373I01049 Exchange 7466288 20,954.14 98.45

Traded FundsTotal 20,954.14 98.45Collateral Borrowing & Lending obligation 399.87 1.88Total 399.87 1.88Net Current Assets/(Liabilities) (69.14) (0.33)Grand Total 21,284.87 100.00Notes :1. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.


Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange9.40% Piramal Enterprises Limited INE140A08ST3 ICRA AA 206 2,067.59 9.4110.65% Hinduja Leyland Finance Ltd. INE146O07045 CARE A+ 203 2,056.84 9.3610.70% Aspire Home Finance Corporation Ltd. INE658R07133 ICRA AA- 200 2,025.43 9.228.37% Nirchem Cement Ltd. INE548V07013 CRISIL AA 50 501.78 2.28 (Secured By Nirma Ltd.)Total 6,651.64 30.27Privately placed / Unlisted9.88% Camden Industries Ltd. (backed by INE604U07024 CARE AAA(SO) 245 2,477.96 11.28unconditional and irrevocable undertakingof Axis Capital )ZCB Continental Drug Company Pvt. Ltd. INE582R07044 BRICKWORK 20 2,152.28 9.80(Secured by Equity shares of BWR A+(SO) Zee Entertainment Enterprises Ltd.)11.30% Bajaj Capital Ventures Pvt. Ltd. INE267U08010 BRICKWORK 202 2,062.04 9.38(Secured by Equity shares of Bajaj Corp. Ltd.) BWR A+(SO)9.75% Shapoorji Pallonji Energy Gujarat Pvt. Ltd. INE170M08047 ICRA AA(SO) 20 2,032.62 9.25(backed by unconditional and irrevocableguarantee of Shapoorji Pallonji & Co Pvt. Ltd.)10.05% High Point Properties Pvt. Ltd. INE470T08020 ICRA AA(SO) 20 2,026.37 9.22(backed by unconditional and irrevocableguarantee of Shapoorji Pallonji & Co Pvt. Ltd.)11.80% Aasan Corporate Solutions Pvt. Ltd. INE081T08025 ICRA A+ 150 1,527.78 6.95(Guaranteed by a Piramal Group Company)11.30% MA Multi Trade Pvt. Ltd. INE311S08044 BRICKWORK 127 1,296.34 5.90(Secured by Equity shares of BWR A+(SO)Bajaj Corp. Ltd | IDBI Truste)11.80% Aasan Corporate Solutions Pvt. Ltd. INE081T08017 ICRA A+ 54 549.40 2.50(Guaranteed by a Piramal Group Company)ZCB Edisons Utility Works Pvt. Ltd. INE097P07070 BRICKWORK 4 428.19 1.95 (Secured by Equity shares of BWR A+(SO)Zee Entertainment Enterprises Ltd.)Total 14,552.98 66.23Collateral Borrowing & Lending obligation 179.94 0.82Total 179.94 0.82Net Current Assets/(Liabilities) 587.59 2.68Grand Total 21,972.15 100.00Notes :1. Average Maturity of the portfolio : 2.05 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company Limited


Kotak Nifty ETF

Market Value % to NetName of Instrument ISIN Code Industry Quantity (Rs.in Lakhs) AssetsEquity & Equity relatedListed/Awaiting listing onStock ExchangeHDFC Bank Ltd. INE040A01026 Banks 282641 3,597.60 8.06HDFC Ltd. INE001A01036 Finance 223039 3,107.94 6.96Infosys Ltd. INE009A01021 Software 281653 2,918.07 6.54ITC Ltd. INE154A01025 Consumer 1192837 2,878.91 6.45

Non DurablesReliance Industries Ltd. INE002A01018 Petroleum Products 233105 2,526.16 5.66ICICI Bank Ltd. INE090A01021 Banks 819942 2,067.48 4.63Tata Consultancy Services Ltd. INE467B01029 Software 74985 1,822.74 4.08Larsen and Toubro Ltd. INE018A01030 Construction Project 115593 1,656.62 3.71Tata Motors Ltd. INE155A01022 Auto 272644 1,458.24 3.27AXIS Bank Ltd. INE238A01034 Banks 235606 1,275.45 2.86Kotak Mahindra Bank Ltd. INE237A01028 Banks 163026 1,266.71 2.84Sun Pharmaceutical Industries Ltd. INE044A01036 Pharmaceuticals 152648 1,133.72 2.54State Bank of India. INE062A01020 Banks 437641 1,099.57 2.46Maruti Suzuki India Limited INE585B01010 Auto 18734 1,026.12 2.30Mahindra & Mahindra Ltd. INE101A01026 Auto 65653 922.88 2.07Hindustan Unilever Ltd. INE030A01027 Consumer 100661 873.59 1.96

Non DurablesIndusInd Bank Ltd. INE095A01012 Banks 69776 834.49 1.87Asian Paints(India) Ltd. INE021A01026 Consumer 63540 737.51 1.65

Non DurablesOil And Natural Gas Corporation Ltd. INE213A01029 Oil 253225 649.90 1.46HCL Technologies Ltd. INE860A01027 Software 79539 636.23 1.43Hero MotoCorp Ltd. INE158A01026 Auto 18012 614.88 1.38Bharti Airtel Ltd. INE397D01024 Telecom - Services 185924 583.80 1.31YES Bank Ltd. INE528G01019 Banks 46307 581.01 1.30Coal India Limited INE522F01014 Minerals/Mining 178049 573.85 1.29Ultratech Cement Ltd. INE481G01011 Cement 14698 566.10 1.27Dr.Reddy's Laboratories Ltd. INE089A01023 Pharmaceuticals 17802 553.18 1.24Power Grid Corporation of India Ltd. INE752E01010 Power 309691 546.76 1.22Bajaj Auto Ltd. INE917I01010 Auto 19168 541.99 1.21National Thermal Power Corporation Ltd. INE733E01010 Power 348641 515.99 1.16Lupin Ltd. INE326A01037 Pharmaceuticals 33687 500.67 1.12Eicher Motors Ltd. INE066A01013 Auto 1880 466.76 1.05Bharat Petroleum Corporation Ltd. INE029A01011 Petroleum Products 73378 449.51 1.01Grasim Industries Ltd. INE047A01021 Cement 9078 439.06 0.98Wipro Ltd. INE075A01022 Software 90543 433.66 0.97Zee Entertainment Enterprises Ltd. INE256A01028 Media and 77159 421.87 0.95

EntertainmentCipla Ltd. INE059A01026 Pharmaceuticals 71356 413.90 0.93Tech Mahindra Ltd. INE669C01036 Software 87644 367.97 0.82Tata Steel Limited INE081A01012 Ferrous Metals 94450 353.48 0.79Aurobindo Pharma Ltd. INE406A01037 Pharmaceuticals 37938 324.54 0.73Adani Ports and Special INE742F01042 Transportation 125512 322.25 0.72Economic Zone Ltd.Bosch Limited INE323A01026 Auto Ancillaries 1284 292.72 0.66Hindalco Industries Ltd. INE038A01020 Non - Ferrous Metals 180450 275.55 0.62Ambuja Cements Ltd. INE079A01024 Cement 109146 274.78 0.62Bharti Infratel Ltd. INE121J01017 Telecom - Equipment 74850 273.43 0.61

& AccessoriesGAIL (India) Ltd. INE129A01019 Gas 66149 247.83 0.56Tata Motors Ltd. IN9155A01020 Auto 70949 241.58 0.54Bank of Baroda INE028A01039 Banks 133149 222.89 0.50ACC Ltd. INE012A01025 Cement 13234 211.72 0.47Tata Power Company Ltd. INE245A01021 Power 255403 192.57 0.43Bharat Heavy Electricals Ltd. INE257A01026 Industrial 127639 171.93 0.39

Capital GoodsIdea Cellular Ltd. INE669E01016 Telecom - Services 177633 140.51 0.31Total 44,606.67 99.96Net Current Assets/ (Liabilities) 29.09 0.04Grand Total 44,635.76 100.00

Notes :

1. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.


Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange10.50% Manappuram Finance Ltd. INE522D07909 CARE AA- 350 3,530.15 9.599.82% Edelweiss Agri Value Chain Ltd. INE616U07028 CARE AA(SO) 350 3,506.52 9.53 (Unconditional and irrevocable guaranteefrom Edelweiss Financial Services Limite)9.90% Indostar Capital Finance Pvt. Ltd. INE896L07249 CARE AA- 25 2,523.91 6.869.91% Dalmia Cement (Bharat) Ltd. INE755K07181 ICRA AA 150 1,520.42 4.1311.40% Haldhar Developers Pvt. Ltd. INE185R07012 ICRA AA 2663 733.14 1.99(backed by unconditional and irrevocableundertaking by Piramal)8.12% Power Finance Corporation Ltd. INE134E08IA9 CRISIL AAA 45 456.95 1.24Total 12,271.09 33.34Privately placed / UnlistedZCB Continental Drug Company Pvt. Ltd . INE582R07051 BRICKWORK 35 3,678.47 9.99(Secured by Equity shares of BWR A+Zee Entertainment Enterprises Ltd.)9.88% Camden Industries Ltd. (backed by INE604U07016 CARE AAA(SO) 350 3,539.95 9.62unconditional and irrevocable undertakingof Axis Capital)10.05% High Point Properties Pvt. Ltd. INE470T08020 ICRA AA(SO) 28 2,836.91 7.71(backed by unconditional and irrevocableguarantee of Shapoorji Pallonji & Co Pvt. Ltd.)ZCB Edisons Utility Works Pvt. Ltd. INE097P07088 BRICKWORK 25 2,670.79 7.26(Secured by Equity shares of BWR A+(SO) Zee Entertainment Enterprises Ltd.)11.30% MA Multi Trade Pvt. Ltd. INE311S08044 BRICKWORK 210 2,143.56 5.82 (Secured by Equity shares of BWR A+(SO)Bajaj Corp. Ltd | IDBI Truste)11.30% Bajaj Capital Ventures Pvt. Ltd. INE267U08010 BRICKWOR 198 2,021.21 5.49(Secured by Equity shares ofBajaj Corp. Ltd.) K BWR A+(SO)10.32% Grand View Estates Pvt. Ltd. INE347N08031 ICRA AA(SO) 17 1,732.76 4.71 (backed by unconditional and irrevocableguarantee of Shapoorji Pallonji & Co Pvt. Ltd .)11.75% Karelides Traders Private Ltd. INE479R07027 ICRA AA- 160 1,605.51 4.36 (backed by unconditional and irrevocableundertaking by a wholly owned subsidiaryof Piramal Enterprises Ltd .)10.05% Grand View Estates Pvt. Ltd. INE347N08023 ICRA AA 13 1,314.70 3.57(backed by unconditional and irrevocableguarantee of Shapoorji Pallonji& Co Pvt. Ltd.)9.57% Piramal Enterprises Limited INE140A07146 ICRA AA 100 1,012.26 2.75Total 22,556.12 61.28Reverse RepoSankhya Financial Service Pvt. Ltd. 779.25 2.12Total 779.25 2.12Collateral Borrowing & Lending obligation 324.90 0.88Total 324.90 0.88Net Current Assets/(Liabilities) 877.52 2.38Grand Total 36,808.88 100.00Notes :1. Average Maturity of the portfolio : 2.08 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company


Kotak Liquid

Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange9.75% HDFC Ltd. INE001A07LU2 CRISIL AAA 1000 10,004.85 1.50Total 10,004.85 1.50Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)CP Steel Authority of India Ltd.** INE114A14CZ7 CARE A1+ 18700 93,163.53 13.98CP National Bank for Agriculture INE261F14AU0 CRISIL A1+ 15300 75,939.99 11.39and Rural Development**CP Piramal Enterprises Limited** INE140A14NU0 ICRA A1+ 15000 73,769.40 11.07CP HDFC Ltd. INE001A14PT1 ICRA A1+ 11700 58,251.49 8.74CP Tata Steel Limited** INE081A14494 FITCH A1+(IND) 10000 49,268.95 7.39CD IDFC Bank Limited** INE092T16314 ICRA A1+ 42500 42,294.95 6.35CP Small Industries Development INE556F14DN2 CARE A1+ 7900 39,260.00 5.89Bank of India.**CP Reliance Jio Infocomm Limited** INE110L14AP7 CARE A1+ 5900 29,262.28 4.39CP PNB Housing Finance Ltd.** INE572E14AW9 CARE A1+ 5700 28,395.07 4.26CP Reliance Jio Infocomm Limited** INE110L14AO0 CARE A1+ 5000 24,846.01 3.73CP Adani Ports and Special INE742F14BN2 ICRA A1+ 4000 19,850.60 2.98Economic Zone Limited**CP Tata Capital Financial Services Ltd.** INE306N14IU0 ICRA A1+ 4000 19,847.55 2.98CP ECL Finance Limited** INE804I14NS8 CRISIL A1+ 3000 14,880.39 2.23CP Manappuram Finance Ltd.** INE522D14EV0 CRISIL A1+ 2000 9,981.37 1.50CP Reliance Jio Infocomm Limited** INE110L14AQ5 CARE A1+ 2000 9,927.57 1.49CP Ultratech Cement Ltd.** INE481G14584 CRISIL A1+ 2000 9,926.00 1.49CP Aditya Birla Finance Ltd.** INE860H14WF0 ICRA A1+ 2000 9,923.91 1.49CP Rural Electrification Corporation Ltd.** INE020B14417 CARE A1+ 2000 9,882.54 1.48CP Edelweiss Housing Finance Limited** INE530L14471 CRISIL A1+ 1400 6,987.15 1.05CP JM Financial Products Limited** INE523H14XI6 ICRA A1+ 1400 6,977.89 1.05CP Tata Motors Finance Ltd.** INE909H14JI6 ICRA A1+ 900 4,467.51 0.67CP ONGC Manglore Petrochemicals Ltd.** INE053T14485 ICRA A1+ 500 2,467.46 0.37Total 639,571.61 95.97Treasury Bills**TB 91 Days Treasury Bill 22/12/2016 IN002016X256 SOV 100000000 98,578.20 14.79TB 91 Days Treasury Bill 20/10/2016 IN002016X165 SOV 30008750 29,908.08 4.49TB 91 Days Treasury Bill 17/11/2016 IN002016X207 SOV 16500000 16,363.29 2.45TB 182 Days Treasury Bill 17/11/2016 IN002016Y049 SOV 9500000 9,421.29 1.41TB 91 Days Treasury Bill 08/12/2016 IN002016X231 SOV 2000000 1,976.43 0.30TB 91 Days Treasury Bill 27/10/2016 IN002016X173 SOV 497500 495.21 0.07TB 91 Treasury Bill 13.10.2016 IN002016X157 SOV 334750 334.04 0.05Total 157,076.54 23.56Reverse RepoSankhya Financial Services Pvt Ltd. 2,886.81 0.43Total 2,886.81 0.43Net Current Assets/(Liabilities) (142,989.27) (21.46)Grand Total 666,550.54 100.00Notes :1. Average Maturity of the portfolio : 0.15 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange8.37% Nirchem Cement Ltd. INE548V07013 CRISIL AA 200 2,007.13 9.81(Secured By Nirma Ltd.)10.00% Indostar Capital Finance Pvt. Ltd. INE896L07363 CARE AA- 19 1,926.56 9.4210.50% Manappuram Finance Ltd. INE522D07909 CARE AA- 190 1,916.36 9.378.40% ONGC Manglore Petrochemicals Ltd. INE053T07018 FITCH IND AAA 150 1,529.88 7.488.32% Nabha Power Ltd. INE445L08268 ICRA AAA 150 1,516.17 7.41(backed by unconditional andirrevocable guarantee byLarsen & Toubro Ltd.)9.91% Dalmia Cement (Bharat) Ltd. INE755K07181 ICRA AA 100 1,013.62 4.959.10% SP Jammu Udhampur Highway Ltd. INE923L07068 ICRA AAA 93 940.68 4.60(backed by unconditional and irrevocableguarantee of Shapoorji Pallonji &Co Pvt. Ltd.)9.10% SP Jammu Udhampur Highway Ltd. INE923L07076 ICRA AAA 70 708.04 3.46(backed by unconditional and irrevocableguarantee of Shapoorji Pallonji &Co Pvt. Ltd.)8.58% HDFC Ltd. INE001A07LJ5 CRISIL AAA 50 505.68 2.47Total 12,064.12 58.97Privately placed / Unlisted9.88% Camden Industries Ltd. INE604U07016 CARE AAA(SO) 230 2,326.25 11.37(backed by unconditional and irrevocableundertaking of Axis Capital)9.75% Shapoorji Pallonji INE170M08039 ICRA AA(SO) 20 2,030.29 9.92Energy Gujarat Private Limited(backed by unconditional and irrevocableguarantee of Shapoorji Pallonji & Co Pvt. Ltd.)9.57% Piramal Enterprises Limited INE140A07146 ICRA AA 190 1,923.29 9.4010.35% Mandava Holdings Pvt. Ltd. INE689L07057 ICRA AAA 10 983.71 4.81(backed by unconditional and irrevocableundertaking by Axis Capital)ZCB IL & FS Transportation Networks Ltd. INE975G08140 CARE AAA(SO) 120 635.20 3.11(Secured by Equity shares of IL & FS Ltd.)Total 7,898.74 38.61Collateral Borrowing & Lending obligation 104.97 0.51Total 104.97 0.51Net Current Assets/ (Liabilities) 388.72 1.91Grand Total 20,456.55 100.00Notes :1. Average Maturity of the portfolio : 2.07 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



12


Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange8.72% Power Finance Corporation Ltd. INE134E08FC1 CRISIL AAA 30 301.48 13.039.28% Rural Electrification Corporation Ltd. INE020B08658 CRISIL AAA 29 292.13 12.639.75% HDFC Ltd. INE001A07HN5 CRISIL AAA 22 220.98 9.559.01% Tata Capital Financial Services Ltd. INE306N07EX7 CRISIL AA+ 20 201.06 8.699.84% IOT Utkal Energy Services Ltd. INE310L07233 CRISIL AAA(SO) 165 166.66 7.209.62% LIC Housing Finance Ltd. INE115A07BZ0 CRISIL AAA 15 151.02 6.539.84% IOT Utkal Energy Services Ltd. INE310L07225 CRISIL AAA(SO) 130 131.01 5.669.56% LIC Housing Finance Ltd. INE115A07BV9 CRISIL AAA 10 100.56 4.35ZCB HDFC Ltd. INE001A07HU0 CRISIL AAA 5 77.53 3.35Total 1,642.43 70.99Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.75% Government Stock - 2016 IN1520120115 SOV 270000 270.69 11.70Total 270.69 11.70Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CD ICICI Bank Ltd. INE090A162F0 ICRA A1+ 200 194.88 8.42CD Export-Import Bank of India. INE514E16AL9 CRISIL A1+ 100 97.62 4.22Total 292.50 12.64Collateral Borrowing & Lending obligation 34.99 1.51Total 34.99 1.51Net Current Assets/(Liabilities) 72.57 3.16Grand Total 2,313.18 100.00Notes :1. Average Maturity of the portfolio : 0.29 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock ExchangeZCB Bajaj Finance Limited INE296A07GA0 ICRA AA+ 155 1,784.41 14.498.95% Nabha Power Ltd. (backed by INE445L08185 ICRA AAA 155 1,578.29 12.82unconditional and irrevocable guaranteeby Larsen & Toubro Ltd.)8.71% Mahindra & Mahindra INE774D07LI3 FITCH IND AAA 150 1,518.34 12.33Financial Services Ltd.8.00% National Housing Bank INE557F08EW1 CRISIL AAA 150 1,515.08 12.30ZCB Sundaram BNP INE667F07FJ4 ICRA AA+ 60 690.02 5.60Paribas Home Finance Ltd.9.11% LIC Housing Finance Ltd. INE115A07DR3 CRISIL AAA 50 508.68 4.138.28% Rural Electrification Corporation Ltd. INE020B08989 CRISIL AAA 35 351.55 2.859.84% IOT Utkal Energy Services Ltd. INE310L07357 CRISIL AAA(SO) 221 229.55 1.869.84% IOT Utkal Energy Services Ltd. INE310L07340 CRISIL AAA(SO) 221 229.39 1.869.84% IOT Utkal Energy Services Ltd. INE310L07332 CRISIL AAA(SO) 221 228.81 1.869.84% IOT Utkal Energy Services Ltd. INE310L07373 CRISIL AAA(SO) 204 212.89 1.739.84% IOT Utkal Energy Services Ltd. INE310L07365 CRISIL AAA(SO) 204 212.42 1.729.11% Power Finance Corporation Ltd. INE134E08FY5 CRISIL AAA 15 151.89 1.239.25% Power Grid Corporation of India Ltd. INE752E07JD2 CRISIL AAA 8 102.19 0.838.70% Rural Electrification Corporation Ltd. INE020B08815 CRISIL AAA 10 101.64 0.837.95% Steel Authority of India Ltd. INE114A07893 FITCH IND AA 5 49.90 0.41Total 9,465.05 76.85Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.25% Government Stock - 2018 IN3320070045 SOV 1850000 1,879.58 15.269.60% Government Stock - 2018 IN1520130189 SOV 100000 103.55 0.84Total 1,983.13 16.10Collateral Borrowing & Lending obligation 119.96 0.97Total 119.96 0.97Net Current Assets/(Liabilities) 746.88 6.08Grand Total 12,315.02 100.00Notes :1. Average Maturity of the portfolio : 1.33 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock ExchangeZCB Bajaj Finance Limited INE296A07GA0 ICRA AA+ 245 2,820.52 14.818.70% Mahindra & Mahindra INE774D07LJ1 ICRA AA 250 2,526.32 13.26Financial Services Ltd. AAA(IND)8.00% National Housing Bank INE557F08EW1 CRISIL AAA 250 2,525.14 13.268.70% Rural Electrification Corporation Ltd. INE020B08815 CRISIL AAA 240 2,439.40 12.818.95% Nabha Power Ltd. (backed by INE445L08185 ICRA AAA 235 2,392.90 12.56unconditional and irrevocable guaranteeby Larsen & Toubro Ltd.)8.85% Tata Capital Housing Finance Ltd. INE033L07BW9 CRISIL AA+ 90 909.10 4.778.41% HDFC Ltd. INE001A07NS2 CRISIL AAA 160 807.78 4.247.95% Steel Authority of India Ltd. INE114A07893 FITCH IND AA 75 748.43 3.93Total 15,169.59 79.64Government Dated SecuritiesListed/Awaiting listing onStock Exchange9.60% Government Stock - 2018 IN1520130189 SOV 1800000 1,863.86 9.788.39% Government Stock - 2018 IN2920150272 SOV 500000 508.74 2.678.25% Government Stock - 2018 IN3320070045 SOV 500000 507.99 2.67Total 2,880.59 15.12Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CD Dena Bank INE077A16DS4 CRISIL A1+ 250 242.84 1.27Total 242.84 1.27Collateral Borrowing & Lending obligation 19.99 0.10Total 19.99 0.10Net Current Assets/(Liabilities) 736.14 3.87Grand Total 19,049.15 100.00Notes :1. Average Maturity of the portfolio : 1.41 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange8.77% Mahindra & Mahindra INE774D07LT0 FITCH IND AAA 380 3,818.12 13.12Financial Services Ltd.8.00% Power Finance Corporation Ltd. INE134E08HJ2 CRISIL AAA 340 3,409.89 11.728.75% Tata Capital Housing Finance Ltd. INE033L07CT3 CRISIL AA+ 250 2,516.41 8.658.78% L & T Finance Limited INE523E07BI3 CARE AA+ 100 2,510.48 8.639.52% Rural Electrification Corporation Ltd. INE020B07II1 CRISIL AAA 150 1,516.08 5.219.69% LIC Housing Finance Ltd. INE115A07FG1 CRISIL AAA 130 1,312.82 4.517.83% Indian Railway Finance Corporation Ltd. INE053F07751 CRISIL AAA 120 1,202.68 4.139.67% Rural Electrification Corporation Ltd. INE020B07IB6 CRISIL AAA 88 889.08 3.05Total 17,175.56 59.02Government Dated SecuritiesListed/Awaiting listing onStock Exchange88.45% Government Stock - 2017 IN3320060020 SOV 3925000 3,947.18 13.565.90% Government Stock - 2017 IN2720030062 SOV 500000 498.48 1.71Total 4,445.66 15.27Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CD Dena Bank INE077A16DS4 CRISIL A1+ 3300 3,205.44 11.01CD Export-Import Bank of India INE514E16AH7 CRISIL AAA 2500 2,415.44 8.30CD ICICI Bank Ltd. INE090A162F0 ICRA A1+ 100 97.44 0.33Total 5,718.32 19.64Net Current Assets/(Liabilities) 1,764.32 6.07Grand Total 29,103.86 100.00Notes :1. Average Maturity of the portfolio : 0.44 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company





Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange8.00% Power Finance Corporation Ltd. INE134E08HJ2 CRISIL AAA 280 2,808.15 13.129.28% Rural Electrification Corporation Ltd. INE020B08658 CRISIL AAA 270 2,719.80 12.719.69% LIC Housing Finance Ltd. INE115A07FG1 CRISIL AAA 205 2,070.22 9.688.71% Tata Capital Financial Services Limited INE306N07FU0 CRISIL AA+ 193 1,937.00 9.058.71% Tata Capital Housing Finance Ltd. INE033L07BZ2 CRISIL AA+ 190 1,906.77 8.918.73% Mahindra & Mahindra INE774D07MF7 FITCH I 180 1,812.40 8.47Financial Services Ltd. ND AAA9.20% Small Industries Development INE556F09379 CARE AAA 25 251.86 1.18Bank of India.1.43% HDFC Ltd. INE001A07OC4 CRISIL AAA 2 194.72 0.91Total 13,700.92 64.03Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.45% Government Stock - 2017 IN3320060020 SOV 4975000 5,003.12 23.388.42% Government Stock - 2017 IN1720120071 SOV 400000 402.89 1.888.58% Government Stock - 2016 IN1920120038 SOV 125000 125.15 0.58Total 5,531.16 25.84Money Market InstrumentsCommercial Paper (CP)/}Certificate of Deposits (CD)**CD Export-Import Bank of India. INE514E16AL9 CRISIL A1+ 500 488.11 2.28CD Dena Bank INE077A16DS4 CRISIL A1+ 200 194.27 0.91Total 682.38 3.19Net Current Assets/(Liabilities) 1,481.72 6.94Grand Total 21,396.18 100.00Notes :1. Average Maturity of the portfolio : 0.42 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange8.77% Mahindra & Mahindra Financial Services Ltd. INE774D07LW4 FITCH IND AAA 400 4,021.32 13.068.71% Tata Capital Housing Finance Ltd. INE033L07CN6 CRISIL AA+ 270 2,713.98 8.818.68% L & T Finance Limited INE523E07BZ7 CARE AA+ 108 2,713.87 8.818.77% Kotak Mahindra Prime Ltd. INE916DA7HP7 CRISIL AAA 120 1,206.86 3.928.72% Power Finance Corporation Ltd. INE134E08FC1 CRISIL AAA 100 1,004.94 3.269.20% Small Industries Development Bank of India. INE556F09379 CARE AAA 75 755.59 2.459.28% Rural Electrification Corporation Ltd. INE020B08658 CRISIL AAA 56 564.11 1.83ZCB HDFC Ltd. INE001A07HP0 CRISIL AAA 35 543.13 1.767.83% Indian Railway Finance Corporation Ltd. INE053F07751 CRISIL AAA 40 400.89 1.309.01% Tata Capital Financial Services Limited INE306N07EX7 CRISIL AA+ 3 30.16 0.10Total 13,954.85 45.30Government Dated SecuritiesListed/Awaiting listing onStock Exchange5.90% Government Stock - 2017 IN3420030071 SOV 1185000 1,181.38 3.845.90% Government Stock - 2017 IN3120030074 SOV 1000000 996.96 3.245.90% Government Stock - 2017 IN3320030064 SOV 1000000 996.93 3.245.90% Government Stock - 2017 IN1020030079 SOV 991600 988.57 3.215.90% Government Stock - 2017 IN1620030065 SOV 899300 896.56 2.915.90% Government Stock - 2017 IN1920030062 SOV 688000 685.90 2.235.90% Government Stock - 2017 IN2120030076 SOV 589500 587.72 1.918.58% Government Stock - 2016 IN1920120038 SOV 550000 550.65 1.795.90% Government Stock - 2017 IN3520030054 SOV 390000 388.80 1.265.90% Government Stock - 2017 IN2820030061 SOV 239600 238.88 0.788.45% Government Stock - 2017 IN3320060020 SOV 75000 75.42 0.24Total 7,587.77 24.65Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CD ICICI Bank Ltd. INE090A162F0 ICRA A1+ 3500 3,410.44 11.07CD YES Bank Ltd. INE528G16E22 CRISIL A1+ 1200 1,170.39 3.80Total 4,580.83 14.87Reverse RepoSankhya Financial Services Pvt Ltd 2,812.26 9.13Total 2,812.26 9.13Collateral Borrowing & Lending obligation 39.99 0.13Total 39.99 0.13Net Current Assets/(Liabilities) 1,821.31 5.92Grand Total 30,797.01 100.00Notes :1. Average Maturity of the portfolio : 0.31 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange8.80% Mahindra & Mahindra INE774D07LR4 FITCH IND AAA 250 2,514.15 13.10Financial Services Ltd.7.98% Power Finance Corporation Ltd. INE134E08IB7 CRISIL AAA 180 1,805.23 9.418.80% L & T Finance Limited INE523E07BJ1 CARE AA+ 68 1,708.33 8.908.80% Tata Capital Housing Finance Ltd. INE033L07CG0 CRISIL AA+ 170 1,707.78 8.907.95% Indian Railway Finance Corporation Ltd. INE053F07769 CRISIL AAA 140 1,403.99 7.328.80% Kotak Mahindra Prime Ltd. INE916DA7HR3 CRISIL AAA 95 955.62 4.987.83% Indian Railway INE053F07751 CRISIL AAA 40 400.89 2.09Finance Corporation Ltd.9.64% Power Finance Corporation Ltd. INE134E08DZ7 CRISIL AAA 35 351.73 1.83Total 10,847.72 56.53Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.17% Government Stock - 2017 IN1020060068 SOV 1000000 1,004.60 5.248.48% Government Stock - 2017 IN1720120063 SOV 800000 803.59 4.198.45% Government Stock - 2017 IN3320060020 SOV 200000 201.13 1.05Total 2,009.32 10.48Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CD IDBI Bank Ltd. INE008A16K78 CRISIL A1+ 1900 1,855.62 9.67CD Andhra Bank INE434A16MW0 CARE A1+ 1000 972.54 5.07Total 2,828.16 14.74Reverse RepoSankhya Financial Services Pvt Ltd 1,781.10 9.28Total 1,781.10 9.28Collateral Borrowing & Lending obligation 664.79 3.47Total 664.79 3.47Net Current Assets/(Liabilities) 1,054.13 5.50Grand Total 19,185.22 100.00Notes :1. Average Maturity of the portfolio : 0.75 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange11.35% Prestige Estates Projects Limited INE811K07034 ICRA A+ 50 5,061.95 11.69ZCB India Infoline Housing Finance Ltd. INE477L07313 ICRA AA 250 2,974.36 6.8711.50% Manappuram Finance Ltd. INE522D07867 CRISIL AA- 250000 2,549.94 5.8912.55% Manappuram Finance Ltd. INE522D07438 BRICKWORK 150 1,543.28 3.56

BWR AA-7.95% Steel Authority of India Ltd. INE114A07893 FITCH IND AA 25 249.48 0.588.38% Steel Authority of India Ltd. INE114A07877 FITCH IND AA 20 200.69 0.469.30% Power Finance Corporation Ltd. INE134E08GE5 CRISIL AAA 10 101.71 0.23Total 12,681.41 29.28Privately placed / Unlisted11.80% Aasan Corporate Solutions Pvt. Ltd. INE081T08017 ICRA A+ 496 5,046.35 11.65 (Guaranteed by a Piramal Group Company)11.75% Karelides Traders Private Ltd. INE479R07019 ICRA AA- 500 5,017.23 11.58(backed by unconditional and irrevocableundertaking by a wholly owned subsidiaryof Piramal Enterprises Ltd.)ZCB Emami Enclave Markets Pvt. Ltd. INE576S07010 BRICKWORK 380 4,520.22 10.43(Secured by Equity shares of Emami Ltd.) BWR AA-10.05% Grand View Estate Pvt. Ltd. INE347N08023 ICRA AA 39 3,944.10 9.10(backed by unconditional and irrevocableguarantee of Shapoorji Pallonji & Co Pvt. Ltd.)ZCB Sneha Abasan Pvt. Ltd. INE580S07012 FITCH IND AA-(SO)300 3,570.53 8.24(Secured by Equity shares of Emami Ltd.)ZCB Bhanu Vyapaar Private Limited INE575S07020 FITCH IND AA- 260 2,959.09 6.83(Secured by Equity shares of Emami Ltd.)ZCB Sneha Enclave Pvt. Ltd. INE579S07014 FITCH IND AA-(SO)180 2,142.32 4.95(Secured by Equity shares of Emami Ltd.)Total 27,199.84 62.78Reverse RepoSankhya Financial Services Pvt. Ltd. 2,206.29 5.09Total 2,206.29 5.09Collateral Borrowing & Lending obligation 164.95 0.38Total 164.95 0.38Net Current Assets/(Liabilities) 1,066.16 2.47Grand Total 43,318.65 100.00Notes :1. Average Maturity of the portfolio : 1.17 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebentures and Bonds**Listed/Awaiting listing onStock Exchange10.70% Aspire Home Finance Corporation Ltd. INE658R07133 ICRA AA- 380 3,848.31 9.4810.70% Hinduja Leyland Finance Ltd. INE146O07219 CARE A+ 350 3,520.76 8.679.82% Edelweiss Agri Value Chain Limited INE616U07010 CARE AA(SO) 280 2,805.22 6.91 (Unconditional and irrevocable guarantee fromEdelweiss Financial Services Limite)8.37% Nirchem Cement Ltd. INE548V07013 CRISIL AA 200 2,007.13 4.95(Secured By Nirma Ltd.)10.50% Manappuram Finance Ltd. INE522D07917 CARE AA- 130 1,311.20 3.239.82% Edelweiss Agri Value Chain Limited INE616U07028 CARE AA(SO) 100 1,001.86 2.47(Unconditional and irrevocable guarantee fromEdelweiss Financial Services Limite)Total 14,494.48 35.71Privately placed / UnlistedZCB Continental Drug Company Pvt. Ltd. INE582R07044 BRICKWORK 38 4,089.33 10.08(Secured by Equity shares of BWR A+(SO)Zee Entertainment Enterprises Ltd.)ZCB Edisons Utility Works Pvt. Ltd. INE097P07070 BRICKWORK 38 4,067.80 10.02(Secured by Equity shares of BWR A+(SO) Zee Entertainment Enterprises Ltd.)10.32% Grand View Estates Pvt. Ltd. INE347N08031 ICRA AA(SO) 38 3,873.24 9.54(backed by unconditional and irrevocableguarantee of Shapoorji Pallonji & Co Pvt. Ltd.)9.57% Piramal Enterprises Limited INE140A07146 ICRA AA 380 3,846.59 9.489.88% Camden Industries Ltd. INE604U07016 CARE 290 2,933.10 7.23(backed by unconditional and irrevocable AAA(SO)undertaking of Axis Capital )11.75% Karelides Traders Private Ltd. INE479R07027 ICRA AA- 190 1,906.55 4.70 (backed by unconditional and irrevocableundertaking by a wholly owned subsidiaryof Piramal Enterprises Ltd.)9.88% Camden Industries Ltd. INE604U07024 CARE AAA(SO) 165 1,668.83 4.11(backed by unconditional and irrevocableundertaking of Axis Capital)9.75% Shapoorji Pallonji INE170M08039 ICRA AA(SO) 9 913.63 2.25Energy Gujarat Private Limited(backed by unconditional and irrevocableguarantee of Shapoorji Pallonji & Co Pvt. Ltd.)10.35% Mandava Holdings Pvt. Ltd. INE689L07057 ICRA AAA 9 908.93 2.24(backed by unconditional and irrevocableundertaking by Axis Capital )10.05% Grand View Estates Pvt. Ltd. INE347N08023 ICRA AA 6 606.78 1.50(backed by unconditional and irrevocableguarantee of Shapoorji Pallonji & Co Pvt. Ltd.)Total 24,814.78 61.15Collateral Borrowing & Lending obligation 424.87 1.05Total 424.87 1.05Net Current Assets/(Liabilities) 851.26 2.09Grand Total 40,585.39 100.00Notes :1. Average Maturity of the portfolio : 2.19 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company Limited



13


Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange8.00% National Housing Bank INE557F08EW1 CRISIL AAA 650 6,565.36 13.278.95% Nabha Power Ltd. (backed by INE445L08185 ICRA AAA 630 6,415.00 12.96unconditional and irrevocable guaranteeby Larsen & Toubro Ltd.)ZCB Bajaj Finance Limited INE296A07GA0 ICRA AA+ 530 6,101.54 12.338.71% Mahindra & Mahindra INE774D07LI3 FITCHIND AAA 600 6,073.36 12.27Financial Services Ltd.8.95% Power Finance Corporation Ltd. INE134E08FK4 CRISIL AAA 450 4,591.89 9.28ZCB Sundaram BNP INE667F07FJ4 ICRA AA+ 340 3,910.10 7.90Paribas Home Finance Ltd.8.70% Rural Electrification Corporation Ltd. INE020B08815 CRISIL AAA 340 3,455.82 6.987.95% Steel Authority of India Ltd. INE114A07893 FITCH IND AA 275 2,744.23 5.549.11% LIC Housing Finance Ltd. INE115A07DR3 CRISIL AAA 200 2,034.71 4.11Total 41,892.01 84.64Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.39% Government Stock - 2018 IN2920150272 SOV 4500000 4,578.69 9.259.60% Government Stock - 2018 IN1520130189 SOV 600000 621.29 1.26Total 5,199.98 10.51Collateral Borrowing & Lending obligation 219.93 0.44Total 219.93 0.44Net Current Assets/(Liabilities) 2,179.04 4.41Grand Total 49,490.96 100.00Notes :1. Average Maturity of the portfolio : 1.42 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange8.71% Tata Capital Financial Services Ltd. INE306N07FU0 CRISIL AA+ 26 260.94 12.839.64% Power Finance Corporation Ltd. INE134E08DZ7 CRISIL AAA 25 251.24 12.368.79% Kotak Mahindra Prime Ltd. INE916DA7HQ5 CRISIL AAA 18 180.91 8.901.43% HDFC Ltd. INE001A07OC4 CRISIL AAA 1 97.36 4.798.81% Mahindra & Mahindra INE774D07LV6 FITCH IND AAA 8 80.45 3.96Financial Services Ltd.9.20% Small Industries Development INE556F09379 CARE AAA 5 50.37 2.48Bank of India.8.80% L & T Finance Limited INE523E07BJ1 CARE AA+ 2 50.25 2.478.71% Tata Capital Housing Finance Ltd. INE033L07BZ2 CRISIL AA+ 5 50.18 2.479.67% Rural Electrification Corporation Ltd. INE020B07IB6 CRISIL AAA 3 30.31 1.49Total 1,052.01 51.75Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.58% Government Stock - 2016 IN1920120038 SOV 500000 500.59 24.62Total 500.59 24.62Collateral Borrowing & Lending obligation 334.89 16.47Total 334.89 16.47Net Current Assets/(Liabilities) 145.79 7.16Grand Total 2,033.28 100.00Notes :1. Average Maturity of the portfolio : 0.25 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange8.33% Indian Railway Finance Corporation Ltd. INE053F07850 CRISIL AAA 200 2,047.55 11.41ZCB Bajaj Finance Limited INE296A07KP0 FITCH IND AAA 150 1,595.41 8.89ZCB Kotak Mahindra Prime Ltd. INE916DA7KQ9 CRISIL AAA 192 1,589.88 8.869.69% Power Finance Corporation Ltd. INE134E07513 CRISIL AAA 150 1,573.10 8.778.65% Rural Electrification Corporation Ltd. INE020B07EG4 CRISIL AAA 150 1,539.44 8.588.06% Small Industries Development INE556F09593 CARE AAA 150 1,524.30 8.49Bank of India.ZCB National Bank for Agriculture INE261F09EW8 CRISIL AAA 8000 1,365.56 7.61and Rural Development8.73% LIC Housing Finance Ltd. INE115A07IZ5 CRISIL AAA 100 1,019.64 5.688.34% HDFC Ltd. INE001A07OU6 CRISIL AAA 9 910.15 5.079.65% LIC Housing Finance Ltd. INE115A07FE6 CRISIL AAA 50 519.59 2.908.38% LIC Housing Finance Ltd. INE115A07IK7 CRISIL AAA 50 506.08 2.82Total 14,190.70 79.08Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.39% Government Stock - 2019 IN2920150280 SOV 3000000 3,084.95 17.19Total 3,084.95 17.19Collateral Borrowing & Lending obligation 129.97 0.72Total 129.97 0.72Net Current Assets/(Liabilities) 538.83 3.01Grand Total 17,944.45 100.00Notes:1. Average Maturity of the portfolio : 2.35 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange8.72% Power Finance Corporation Ltd. INE134E08FC1 CRISIL AAA 36 361.78 12.749.28% Rural Electrification Corporation Ltd. INE020B08658 CRISIL AAA 30 302.20 10.64ZCB ICICI Home Finance Company Limited INE071G07173 ICRA AAA 50 286.75 10.10ZCB Mahindra & Mahindra Financial Services Ltd. INE774D07KZ9 FITCH IND AAA 29 282.31 9.94ZCB Bajaj Finance Limited INE296A07FC8 CRISIL AA+ 24 276.94 9.759.01% Tata Capital Financial Services Ltd. INE306N07EX7 CRISIL AA+ 24 241.27 8.509.84% IOT Utkal Energy Services Ltd. INE310L07241 CRISILAAA(SO) 238 241.08 8.499.84% IOT Utkal Energy Services Ltd. INE310L07233 CRISILAAA(SO) 90 90.90 3.20Total 2,083.23 73.36Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.75% Government Stock - 2016 IN1520120115 SOV 390000 391.00 13.77Total 391.00 13.77Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CD Export-Import Bank of India. INE514E16AL9 CRISIL A1+ 185 180.60 6.36Total 180.60 6.36Net Current Assets/(Liabilities) 184.91 6.51Grand Total 2,839.74 100.00Notes :1. Average Maturity of the portfolio : 0.32 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange8.71% Tata Capital Housing Finance Ltd. INE033L07BZ2 CRISIL AA+ 180 1,806.41 13.158.00% Power Finance Corporation Ltd. INE134E08HJ2 CRISIL AAA 180 1,805.24 13.149.28% Rural Electrification Corporation Ltd. INE020B08658 CRISIL AAA 150 1,511.00 11.009.69% LIC Housing Finance Ltd. INE115A07FG1 CRISIL AAA 115 1,161.34 8.458.79% Kotak Mahindra Prime Ltd. INE916DA7HQ5 CRISIL AAA 92 924.67 6.738.71% Tata Capital Financial Services LTd. INE306N07FU0 CRISIL AA+ 60 602.18 4.389.25% PNB Housing Finance Ltd. INE572E09031 CRISIL AA+ 40 403.78 2.949.20% Small Industries Development Bank of India INE556F09379 CARE AAA 30 302.24 2.209.52% Rural Electrification Corporation Ltd. INE020B07II1 CRISIL AAA 25 252.68 1.841.43% HDFC Ltd.(^) INE001A07OC4 CRISIL AAA 1 97.36 0.71Total 8,866.90 64.54Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.42% Government Stock - 2017 IN1720120071 SOV 3500000 3,525.27 25.668.45% Government Stock - 2017 IN3320060020 SOV 100000 100.57 0.73Total 3,625.84 26.39Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CD Small Industries Development Bank of India INE556F16101 CRISIL A1+ 250 241.92 1.76Total 241.92 1.76Collateral Borrowing & Lending obligation 169.95 1.24Total 169.95 1.24Net Current Assets/(Liabilities) 831.36 6.07Grand Total 13,735.97 100.00Notes :1. Average Maturity of the portfolio : 0.44 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange8.00% Power Finance Corporation Ltd. INE134E08HJ2 CRISIL AAA 40 401.16 12.898.78% L & T Finance Limited INE523E07BI3 CARE AA+ 12 301.26 9.688.80% Kotak Mahindra Prime Ltd. INE916DA7GR5 CRISIL AAA 25 251.49 8.089.84% IOT Utkal Energy Services Ltd. INE310L07266 CRISIL AAA(SO) 238 242.03 7.789.69% LIC Housing Finance Ltd. INE115A07FG1 CRISIL AAA 17 171.68 5.528.71% Tata Capital Financial Services Ltd. INE306N07FU0 CRISIL AA+ 16 160.58 5.169.52% Rural Electrification Corporation Ltd. INE020B07II1 CRISIL AAA 15 151.61 4.879.25% PNB Housing Finance Ltd. INE572E09031 CRISIL AA+ 10 100.95 3.248.71% Tata Capital Housing Finance Ltd; INE033L07BZ2 CRISIL AA+ 10 100.36 3.229.84% IOT Utkal Energy Services Ltd. INE310L07225 CRISIL AAA(SO) 58 58.45 1.889.84% IOT Utkal Energy Services Ltd. INE310L07217 CRISIL AAA(SO) 52 52.24 1.688.79% Kotak Mahindra Prime Ltd. INE916DA7HQ5 CRISIL AAA 2 20.10 0.65Total 2,011.91 64.65Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.45% Government Stock - 2017 IN3320060020 SOV 650000 653.67 21.00Total 653.67 21.00Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CD Small Industries Development Bank of India INE556F16101 CRISIL A1+ 100 96.77 3.11Total 96.77 3.11Net Current Assets/(Liabilities) 350.50 11.24Grand Total 3,112.85 100.00Notes :1. Average Maturity of the portfolio : 0.42 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock ExchangeZCB Bajaj Finance Limited INE296A07JK3 FITCH IND AAA 70 750.97 9.789.65% LIC Housing Finance Ltd. INE115A07FE6 CRISIL AAA 70 727.42 9.488.33% Indian Railway Finance Corporation Ltd. INE053F07850 CRISIL AAA 70 716.64 9.348.40% ONGC Manglore Petrochemicals Ltd. INE053T07018 FITCH IND AAA 69 703.74 9.179.65% HDFC Ltd. INE001A07MH7 CRISIL AAA 65 674.05 8.788.06% Small Industries Development INE556F09593 CARE AAA 65 660.53 8.61Bank of India.9.00% Export-Import Bank of India INE514E08AP7 CRISIL AAA 63 653.54 8.519.69% Power Finance Corporation Ltd. INE134E07513 CRISIL AAA 60 629.24 8.209.84% IOT Utkal Energy Services Ltd. INE310L07498 CRISIL AAA(SO) 153 164.16 2.149.84% IOT Utkal Energy Services Ltd. INE310L07480 CRISIL AAA(SO) 153 163.81 2.139.84% IOT Utkal Energy Services Ltd. INE310L07472 CRISIL AAA(SO) 153 163.41 2.138.12% Power Finance Corporation Ltd. INE134E08IA9 CRISIL AAA 15 152.32 1.98Total 6,159.83 80.25Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.39% Government Stock - 2019 IN2920150280 SOV 1000000 1,028.32 13.40Total 1,028.32 13.40Collateral Borrowing & Lending obligation 59.99 0.78Total 59.99 0.78Net Current Assets/(Liabilities) 427.83 5.57Grand Total 7,675.97 100.00Notes:1. Average Maturity of the portfolio : 2.27 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange8.18% Steel Authority of India Ltd. INE114A07927 FITCH IND AA 500 5,008.91 13.628.67% Mahindra & Mahindra Financial Services Ltd. INE774D07NK5 FITCH IND AAA 480 4,871.41 13.248.17% Power Finance Corporation Ltd. INE134E08HT1 CRISIL AAA 480 4,865.50 13.238.32% Nabha Power Ltd. (backed by INE445L08268 ICRA AAA 460 4,649.59 12.64unconditional and irrevocable guaranteeby Larsen & Toubro Ltd.)8.80% Tata Capital Housing Finance Ltd. INE033L07DS3 CRISIL AA+ 350 3,542.58 9.638.19% National Bank for Agriculture INE261F08469 CRISIL AAA 340 3,447.67 9.37and Rural Developmen8.81% L & T Finance Limited INE523E07CX0 CARE AA+ 120 3,047.38 8.288.77% HDB Financial Services Ltd. INE756I07597 CRISIL AAA 200 2,027.84 5.518.40% State Bank of India. INE062A09171 CRISIL AAA 20 203.61 0.559.84% IOT Utkal Energy Services Ltd. INE310L07423 CRISIL AAA(SO) 170 179.56 0.49Total 31,844.05 86.56Government Dated SecuritiesListed/Awaiting listing onStock Exchange9.59% Government Stock - 2018 IN3320080028 SOV 2500000 2,603.33 7.089.40% Government Stock - 2018 IN1020080017 SOV 800000 830.64 2.26Total 3,433.97 9.34Net Current Assets/(Liabilities) 1,509.85 4.10Grand Total 36,787.87 100.00Notes :1. Average Maturity of the portfolio : 1.75 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange9.90% Bajaj Finance Limited INE296A07BC7 CRISIL AA+ 100 1,010.22 9.898.86% Sundaram Finance Ltd. INE660A07MU3 ICRA AA+ 100 1,004.25 9.831.43% HDFC Ltd. INE001A07OC4 CRISIL AAA 10 973.62 9.538.12% Power Finance Corporation Ltd. INE134E08HS3 CRISIL AAA 90 904.65 8.868.80% Tata Capital Housing Finance Ltd. INE033L07CG0 CRISIL AA+ 50 502.29 4.929.62% LIC Housing Finance Ltd. INE115A07BZ0 CRISIL AAA 5 50.34 0.49Total 4,445.37 43.52Privately placed / Unlisted8.40% Bharti enterprises (Holding) Pvt. Ltd. INE453T08018 CRISIL A1+ 90 900.47 8.82Total 900.47 8.82Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CD CICI Bank Ltd. INE090A166I5 CRISIL A1+ 1200 1,150.18 11.26CD AXIS Bank Ltd. INE238A16M03 CRISIL A1+ 1200 1,147.38 11.24CD Andhra Bank INE434A16MW0 CARE A1+ 1000 972.54 9.52CD Export-Import Bank of India. INE514E16AL9 CRISIL A1+ 330 322.15 3.15Total 3,592.25 35.17Reverse RepoSankhya Financial Services Pvt Ltd. 972.70 9.53Total 972.70 9.53Net Current Assets/ (Liabilities) 300.95 2.96Grand Total 10,211.74 100.00Notes :1. Average Maturity of the portfolio : 0.45 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange88.80% Mahindra & Mahindra Financial S. Ltd. INE774D07LR4 FITCH IND AAA 250 2,514.15 13.239.52% Rural Electrification Corporation Ltd. INE020B07II1 CRISIL AAA 210 2,122.52 11.178.80% L & T Finance Limited INE523E07BJ1 CARE AA+ 64 1,607.84 8.468.80% Tata Capital Housing Finance Ltd; INE033L07CG0 CRISIL AA+ 160 1,607.32 8.469.64% Power Finance Corporation Ltd. INE134E08DZ7 CRISIL AAA 140 1,406.92 7.408.80% Kotak Mahindra Prime Ltd. INE916DA7HR3 CRISIL AAA 100 1,005.92 5.297.98% Power Finance Corporation Ltd. INE134E08IB7 CRISIL AAA 70 702.03 3.697.83% Indian Railway INE053F07751 CRISIL AAA 70 701.56 3.69Finance Corporation Ltd.1.43% HDFC Ltd. INE001A07OC4 CRISIL AAA 4 389.45 2.05Total 12,057.71 63.44Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.58% Government Stock - 2016 IN1920120038 SOV 2690000 2,693.18 14.178.48% Government Stock - 2017 IN1720120063 SOV 1700000 1,707.63 8.99Total 4 ,400.81 23 .16Reverse RepoSankhya Financial Services Pvt Ltd 1,210.60 6.37Total 1,210.60 6.37Collateral Borrowing & Lending obligation 99.97 0.53Total 99.97 0.53Net Current Assets/(Liabilities) 1,232.92 6.50Grand Total 19 ,002 .01 100 .00Notes :1. Average Maturity of the portfolio : 0.36 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock ExchangeZCB India Infoline Finance Limited INE866I07AC2 ICRA AA 200 2,278.04 14.76ZCB India Infoline Housing Finance Ltd. INE477L07396 ICRA AA 200 2,269.43 14.719.43% Piramal Enterprises Limited INE140A08SA3 ICRA AA 200 2,010.92 13.038.79% Kotak Mahindra Prime Ltd. INE916DA7HQ5 CRISIL AAA 138 1,387.00 8.998.78% L & T Finance Limited INE523E07BI3 CARE AA+ 7 175.73 1.14Total 8,121.12 52.63Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.58% Government Stock - 2016 IN1920120038 SOV 1050000 1,051.24 6.81Total 1,051.24 6.81Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CD Small Industries Development INE556F16101 CRISIL A1+ 1500 1,451.52 9.41Bank of India.CD Andhra Bank INE434A16MW0 CARE A1+ 1000 972.54 6.30CD ICICI Bank Ltd. INE090A168F7 CRISIL A1+ 1000 971.79 6.30CD AXIS Bank Ltd. INE238A16J99 CRISIL A1+ 1000 968.09 6.27CD Dena Bank INE077A16DS4 CRISIL A1+ 800 777.08 5.04Total 5,141.02 33.32Reverse RepoSankhya Financial Services Pvt. Ltd. 729.52 4.73Total 729.52 4.73Net Current Assets/(Liabilities) 389.81 2.51Grand Total 15,432.71 100.00Notes :1. Average Maturity of the portfolio : 0.42 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock ExchangeZCB Sundaram Finance Ltd. INE660A07KQ5 ICRA AA+ 195 1,887.36 13.109.33% Power Finance Corporation Ltd. INE134E08ED2 CRISIL AAA 170 1,712.72 11.889.20% Power Grid Corporation of India Ltd. INE752E07FK5 CRISIL AAA 120 1,512.99 10.509.18% National Bank for Agriculture INE261F09HE9 CRISIL AAA 150 1,509.75 10.48and Rural DevelopmentZCB HDFC Ltd. INE001A07HU0 CRISIL AAA 90 1,395.58 9.689.28% Rural Electrification Corporation Ltd. INE020B08658 CRISIL AAA 100 1,007.34 6.997.83% Indian Railway Finance Corporation Ltd. INE053F07751 CRISIL AAA 80 801.78 5.569.67% Rural Electrification Corporation Ltd. INE020B07IB6 CRISIL AAA 70 707.23 4.9110.05% HDB Financial Services Ltd. INE756I07373 CRISIL AAA 45 453.51 3.159.85% Export-Import Bank of India. INE514E08357 CRISIL AAA 30 303.42 2.118.90% Power Grid Corporation of India Ltd. INE752E07GH9 CRISIL AAA 16 201.33 1.40ZCB Mahindra & Mahindra INE774D07KZ9 FITCH IND AAA 20 194.70 1.35Financial Services Ltd.8.72% Power Finance Corporation Ltd. INE134E08FC1 CRISIL AAA 10 100.49 0.70Total 11,788.20 81.81Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.75% Government Stock - 2016 IN1520120115 SOV 450000 451.15 3.13Total 451.15 3.13Privately placed / Unlisted9.87% Tata Sons Ltd. INE895D07420 CRISIL AAA 150 1,515.18 10.51Total 1,515.18 10.51Collateral Borrowing & Lending obligation 109.96 0.76Total 109.96 0.76Net Current Assets/(Liabilities) 547.87 3.79Grand Total 14,412.36 100.00Notes :1. Average Maturity of the portfolio : 0.38 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



14


Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange9.15% Ultratech Cement Ltd. INE481G07109 CRISIL AAA 132 1,341.07 13.109.25% Rural Electrification Corporation Ltd. INE020B07IY8 CRISIL AAA 125 1,271.30 12.429.30% Power Finance Corporation Ltd. INE134E08GE5 CRISIL AAA 120 1,220.48 11.92ZCB Bajaj Finance Limited INE296A07CN2 CRISIL AA+ 84 1,033.60 10.099.18% Steel Authority of India Ltd. INE114A07836 FITCH IND AA 100 1,010.02 9.869.40% LIC Housing Finance Ltd. INE115A07FR8 CRISIL AAA 90 912.91 8.929.65% Sundaram Finance Ltd. INE660A07LR1 ICRA AA+ 80 814.74 7.969.48% Kotak Mahindra Prime Ltd. INE916DA7FF2 CRISIL AAA 70 712.26 6.969.35% Power Grid Corporation of India Ltd. INE752E07IN3 CRISIL AAA 50 509.13 4.97Total 8,825.51 86.20Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CD AXIS Bank Ltd. INE238A16M03 CRISIL A1+ 975 932.24 9.10Total 932.24 9.10Collateral Borrowing & Lending obligation 79.98 0.78Total 79.98 0.78Net Current Assets/(Liabilities) 401.13 3.92Grand Total 10,238.86 100.00Notes :1. Average Maturity of the portfolio : 0.85 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange8.70% Rural Electrification Corporation Ltd. INE020B08815 CRISIL AAA 240 2,439.40 12.868.60% Airports Authority of India INE309K08029 CRISIL AAA 240 2,438.10 12.858.72% Nabha Power Ltd. (backed by INE445L08193 ICRA AAA 240 2,429.27 12.81unconditional and irrevocable guarantee byLarsen & Toubro Ltd.)ZCB Bajaj Finance Limited INE296A07FB0 CRISIL AA+ 150 1,751.18 9.239.05% HDFC Ltd. INE001A07JZ5 CRISIL AAA 150 1,522.97 8.038.90% Tata Capital Housing Finance Ltd; INE033L07BD9 CRISIL AA+ 150 1,514.60 7.998.50% Power Finance Corporation Ltd. INE134E08GP1 CRISIL AAA 140 1,416.71 7.479.28% Power Finance Corporation Ltd. INE134E08AI9 CRISIL AAA 100 1,021.33 5.389.25% Power Grid Corporation of India Ltd. INE752E07JD2 CRISIL AAA 72 919.75 4.858.38% Steel Authority of India Ltd. INE114A07877 FITCH IND AA 30 301.04 1.59Total 15,754.35 83.06Privately placed / Unlisted9.77% Tata Sons Ltd. INE895D07404 CRISIL AAA 200 2,044.11 10.78Total 2,044.11 10.78Collateral Borrowing & Lending obligation 99.97 0.53Total 99.97 0.53Net Current Assets/(Liabilities) 1,068.16 5.63Grand Total 18,966.59 100.00Notes :1. Average Maturity of the portfolio : 1.22 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange8.40% Power Finance Corporation Ltd. INE134E08HB9 CRISIL AAA 150 1,524.27 13.018.95% Nabha Power Ltd. (backed by INE445L08185 ICRA AAA 140 1,425.56 12.17unconditional and irrevocable guaranteeby Larsen & Toubro Ltd.)ZCB Bajaj Finance Limited INE296A07HA8 ICRA AA+ 100 1,133.77 9.688.25% National Bank for Agriculture INE261F08493 CRISIL AAA 100 1,016.76 8.68and Rural Development8.91% L & T Finance Limited INE523E07CO9 CARE AA+ 40 1,015.91 8.678.70% Mahindra & Mahindra INE774D07LJ1 ICRA AAA 100 1,010.53 8.62Financial Services Ltd.8.41% HDFC Ltd. INE001A07NS2 CRISIL AAA 200 1,009.72 8.628.35% Steel Authority of India Ltd. INE114A07901 FITCH IND AA 100 1,003.88 8.578.19% National Bank for Agriculture INE261F08469 CRISIL AAA 50 507.01 4.33and Rural Development9.84% IOT Utkal Energy Services Ltd. INE310L07399 CRISIL AAA(SO) 187 196.09 1.679.84% IOT Utkal Energy Services Ltd. INE310L07381 CRISIL AAA(SO) 187 195.63 1.679.84% IOT Utkal Energy Services Ltd. INE310L07407 CRISIL AAA(SO) 130 136.65 1.178.72% Nabha Power Ltd. (backed by INE445L08193 ICRA AAA 10 101.22 0.86unconditional and irrevocable guaranteeby Larsen & Toubro Ltd.)Total 10,277.00 87.72Collateral Borrowing & Lending obligation 384.91 3.28Total 384.91 3.28Net Current Assets/(Liabilities) 1,056.33 9.00Grand Total 11,718.24 100.00Notes :1. Average Maturity of the portfolio : 1.43 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange8.40% Power Finance Corporation Ltd. INE134E08HN4 CRISIL AAA 370 3,759.59 13.358.90% Tata Capital Financial Services Ltd. INE306N07GU8 CRISIL AA+ 370 3,748.53 13.317.95% Steel Authority of India Ltd. INE114A07893 FITCH IND AA 370 3,692.24 13.118.70% LIC Housing Finance Ltd. INE115A07GQ8 CRISIL AAA 320 3,252.89 11.558.40% State Bank of India. INE062A09171 CRISIL AAA 310 3,156.02 11.218.70% Power Grid Corporation of India Ltd. INE752E07LA4 CRISIL AAA 300 3,067.23 10.898.25% National Bank for Agriculture INE261F08493 CRISIL AAA 200 2,033.53 7.22and Rural DevelopmentZCB Bajaj Finance Limited INE296A07HJ9 ICRA AA+ 130 1,464.51 5.208.70% Mahindra & Mahindra INE774D07LJ1 ICRA AAA 140 1,414.74 5.02Financial Services Ltd.8.19% National Bank for Agriculture INE261F08469 CRISIL AAA 90 912.62 3.24and Rural Development8.40% LIC Housing Finance Ltd. INE115A07EB5 CRISIL AAA 30 302.58 1.07Total 26,804.48 95.17Net Current Assets/(Liabilities) 1,353.53 4.83Grand Total 28,158.01 100.00Notes :1. Average Maturity of the portfolio : 1.61 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company Limited



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock ExchangeZCB ICICI Home Finance Company Limited INE071G08650 ICRA AAA 320 1,764.13 15.108.40% State Bank Of India. INE062A09171 CRISIL AAA 150 1,527.11 13.078.28% Power Finance Corporation Ltd. INE134E08HU9 CRISIL AAA 150 1,523.98 13.048.32% Nabha Power Ltd. (backed by INE445L08268 ICRA AAA 150 1,516.17 12.97unconditional and irrevocable guarantee byLarsen & Toubro Ltd.)8.25% Steel Authority of India Ltd. INE114A07919 FITCH IND AA 150 1,504.19 12.878.35% Mahindra & Mahindra INE774D07PF0 FITCH IND AAA 115 1,158.48 9.91Financial Services Ltd.8.25% Kotak Mahindra Prime Ltd. INE916DA7LQ7 CRISIL AAA 100 1,007.15 8.628.25% National Bank for Agriculture INE261F08493 CRISIL AAA 90 915.09 7.83 and Rural Development9.84% IOT Utkal Energy Services Ltd. INE310L07431 CRISIL AAA(SO) 170 180.00 1.548.45% LIC Housing Finance Ltd. INE115A07HY0 CRISIL AAA 12 121.34 1.04ZCB National Bank for Agriculture INE261F09EQ0 CRISIL AAA 500 87.89 0.75 and Rural DevelopmentTotal 11,305.53 96.74Net Current Assets/(Liabilities) 380.13 3.26Grand Total 11,685.66 100.00Notes :1. Average Maturity of the portfolio : 1.78 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock ExchangeZCB ICICI Home Finance Company Limited INE071G08692 CARE AAA 500 2,710.21 14.778.28% Power Finance Corporation Ltd. INE134E08HU9 CRISIL AAA 240 2,438.36 13.298.18% Steel Authority of India Ltd. INE114A07927 FITCH IND AA 240 2,404.27 13.108.32% Nabha Power Ltd. (backed by INE445L08268 ICRA AAA 230 2,324.79 12.67unconditional and irrevocable guaranteeby Larsen & Toubro Ltd.)8.45% LIC Housing Finance Ltd. INE115A07HY0 CRISIL AAA 188 1,901.01 10.3611.00% Indian Oil Corporation Ltd. INE242A07207 ICRA AAA 150 1,599.74 8.728.58% HDFC Ltd. INE001A07LJ5 CRISIL AAA 50 505.68 2.768.35% Mahindra & Mahindra INE774D07PF0 FITCH IND AAA 35 352.58 1.92Financial Services Ltd.9.25% Rural Electrification Corporation Ltd. INE020B08773 CRISIL AAA 16 162.75 0.89Total 14,399.39 78.48Government Dated SecuritiesListed/Awaiting listingon Stock Exchange9.20% Government Stock - 2018 IN3120130114 SOV 3000000 3,123.54 17.02Total 3,123.54 17.02Reverse RepoSankhya Financial Service Pvt. Ltd 389.63 2.12Total 389.63 2.12Collateral Borrowing & Lending obligation 189.95 1.04Total 189.95 1.04Net Current Assets/(Liabilities) 249.41 1.34Grand Total 18,351.92 100.00Notes :1. Average Maturity of the portfolio : 1.84 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company Limited



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange8.33% Indian Railway INE053F07850 CRISIL AAA 55 563.08 11.17Finance Corporation Ltd.8.06% Small Industries Development INE556F09593 CARE AAA 55 558.91 11.09Bank of India.7.98% National Bank for Agriculture INE261F08592 CRISIL AAA 55 558.08 11.07and Rural Development9.63% Rural Electrification Corporation Ltd. INE020B07IA8 CRISIL AAA 50 523.50 10.399.76% LIC Housing Finance Ltd. INE115A07FB2 CRISIL AAA 50 520.45 10.339.65% HDFC Ltd. INE001A07MG9 CRISIL AAA 50 518.47 10.298.72% Power Finance Corporation Ltd. INE134E08FE7 CRISIL AAA 50 513.70 10.199.70% Export-Import Bank of India. INE514E08DD7 CRISIL AAA 10 104.59 2.088.05% National Bank for Agriculture INE261F08576 CRISIL AAA 1 10.04 0.20and Rural DevelopmentTotal 3,870.82 76.81Government Dated SecuritiesListed/Awaiting listingon Stock Exchange8.43% Government Stock - 2019 IN3420080100 SOV 875000 902.71 17.91Total 4,773.53 94.72Net Current Assets/(Liabilities) 266.47 5.28Grand Total 5,040.00 100.00Notes :1. Average Maturity of the portfolio : 2.28 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company Limited


Kotak World Gold Fund

Market Value % to NetName of Instrument ISIN Code Industry Quantity (Rs.in Lakhs) AssetsMutual Fund UnitsOverseas Mutual Fund UnitsPrivately placed / UnlistedFalcon Gold Equity ASIA CH0124247401 Overseas 109006.47 5,348.02 99.56

Mutual FundTotal 5 ,348 .02 99 .56Collateral Borrowing & Lending obligation 124.96 2.33Total 124.96 2.33Net Current Assets/(Liabilities) (101.58) (1.89)Grand Total 5,371.40 100.00Notes :1. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.

Kotak US Equity Fund

Market Value % to NetName of Instrument ISIN Code Industry Quantity (Rs.in Lakhs) AssetsMutual Fund UnitsOverseas Mutual Fund UnitsPrivately placed / UnlistedPinebridge US Large Cap IE00BBHX5L44 Equity Scheme 50924.067 503.25 96.46Research Enhance FundTotal 503.25 96.46Net Current Assets/(Liabilities) 18.47 3.54Grand Total 521.72 100.00Notes :1. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.


Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange9.70% Export-Import Bank of India. INE514E08DD7 CRISIL AAA 200 2,091.76 13.638.17% Power Finance Corporation Ltd. INE134E08HT1 CRISIL AAA 200 2,027.29 13.219.38% Rural Electrification Corporation Ltd. INE020B07HY0 CRISIL AAA 180 1,869.61 12.19ZCB ICICI Home Finance Company Limited INE071G08718 ICRA AAA 320 1,724.28 11.248.50% HDB Financial Services Ltd. INE756I07696 CRISIL AAA 150 1,518.68 9.90ZCB Bajaj Finance Limited INE296A07IH1 FITCH IND 130 1,412.34 9.21

AAA(SO)ZCB LIC Housing Finance Ltd. INE115A07EQ3 CRISIL AAA 90 1,225.10 7.988.25% National Bank for Agriculture INE261F08493 CRISIL AAA 60 610.06 3.98and Rural DevelopmenTotal 12,479.12 81.34Government Dated SecuritiesListed/Awaiting listingon Stock Exchange9.20% Government Stock - 2018 IN3120130114 SOV 1000000 1,041.18 6.798.39% Government Stock - 2018 IN2920150272 SOV 300000 305.25 1.99Total 1,346.43 8.78Money Market InstrumentsCommercial Paper (CP)/}Certificate of Deposits (CD)**CD AXIS Bank Ltd. INE238A16C96 CRISIL A1+ 300 298.60 1.95Total 298.60 1.95Collateral Borrowing & Lending obligation 419.90 2.74Total 419.90 2.74Net Current Assets/(Liabilities) 798.98 5.19Grand Total 15,343.03 100.00Notes :1. Average Maturity of the portfolio : 1.85 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company Limited



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange8.71% Tata Capital Financial Services Limited INE306N07FU0 CRISIL AA+ 160 1,605.80 13.378.00% Power Finance Corporation Ltd. INE134E08HJ2 CRISIL AAA 160 1,604.66 13.368.77% Tata Capital Housing Finance Ltd; INE033L07BX7 CRISIL AA+ 155 1,555.98 12.969.69% LIC Housing Finance Ltd. INE115A07FG1 CRISIL AAA 105 1,060.36 8.839.52% Rural Electrification Corporation Ltd. INE020B07II1 CRISIL AAA 100 1,010.72 8.429.67% Rural Electrification Corporation Ltd. INE020B07IB6 CRISIL AAA 53 535.47 4.469.20% Small Industries Development INE556F09379 CARE AAA 20 201.49 1.68Bank of India.1.43% HDFC Ltd. INE001A07OC4 CRISIL AAA 1 97.36 0.818.78% L & T Finance Limited INE523E07BI3 CARE AA+ 1 25.10 0.219.84% IOT Utkal Energy Services Ltd. INE310L07258 CRISIL AAA(SO) 18 18.28 0.15Total 7,715.22 64.25Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.42% Government Stock - 2017 IN1720120071 SOV 3100000 3,122.38 26.008.58% Government Stock - 2016 IN1920120038 SOV 50000 50.06 0.42Total 3,172.44 26.42Money Market InstrumentsCommercial Paper (CP)/Certificate of Deposits (CD)**CD Dena Bank INE077A16DS4 CRISIL A1+ 200 194.27 1.62Total 194.27 1.62Collateral Borrowing & Lending obligation 154.95 1.29Total 154.95 1.29Net Current Assets/(Liabilities) 773.37 6.42Grand Total 12,010.25 100.00Notes :1. Average Maturity of the portfolio : 0.45 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company Limited



Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange8.77% Tata Capital Housing Finance Ltd; INE033L07BX7 CRISIL AA+ 25 250.96 13.159.67% Rural Electrification Corporation Ltd. INE020B07IB6 CRISIL AAA 24 242.48 12.709.84% IOT Utkal Energy Services Ltd. INE310L07258 CRISIL AAA(SO) 220 223.43 11.718.71% Tata Capital Financial Services Ltd. INE306N07FU0 CRISIL AA+ 17 170.62 8.949.69% LIC Housing Finance Ltd. INE115A07FG1 CRISIL AAA 15 151.48 7.949.20% Small Industries Development INE556F09379 CARE AAA 10 100.75 5.28Bank of India.9.01% Tata Capital Financial Services Ltd. INE306N07EX7 CRISIL AA+ 7 70.37 3.69Total 1,210.09 63.41Government Dated SecuritiesListed/Awaiting listing onStock Exchange8.42% Government Stock - 2017 IN1720120071 SOV 500000 503.61 26.398.58% Government Stock - 2016 IN1920120038 SOV 10000 10.01 0.52Total 513.62 26.91Net Current Assets/(Liabilities) 184.86 9.68Grand Total 1,908.57 100.00Notes :1. Average Maturity of the portfolio : 0.42 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company

Limited in accordance with guidelines on valuation of securities for mutual funds issued by the Securities andExchange board of India and approved by the Trustees.Kotak FMP Series 196

Market Value % to NetName of Instrument ISIN Code Rating Quantity (Rs.in Lakhs) AssetsDebt InstrumentsDebentures and Bonds**Listed/Awaiting listing onStock Exchange8.65% Kotak Mahindra Prime Ltd. INE916DA7LL8 CRISIL AAA 115.00 1,170.62 11.638.48% Bajaj Finance Limited INE296A07LN3 FITCH IND AAA 110.00 1,115.60 11.099.02% Rural Electrification Corporation Ltd. INE020B07IV4 CRISIL AAA 100.00 1,039.36 10.338.38% HDFC Ltd. INE001A07PH0 CRISIL AAA 10.00 1,013.64 10.077.95% Power Finance Corporation Ltd. INE134E08IF8 CRISIL AAA 100.00 1,012.54 10.067.85% National Bank for Agriculture INE261F08642 CRISIL AAA 100.00 1,012.51 10.06and Rural Development9.30% Power Grid Corporation of India Ltd. INE752E07JS0 CRISIL AAA 40 523.76 5.207.93% Power Grid Corporation of India Ltd. INE752E07KQ2 CRISIL AAA 50 507.01 5.048.33% Indian Railway Finance Corporation Ltd. INE053F07850 CRISIL AAA 40.00 409.51 4.078.34% HDFC Ltd. INE001A07OU6 CRISIL AAA 1.00 101.13 1.00Total 7,905.68 78.55Government Dated SecuritiesListed/Awaiting listing onStock Exchange7.86% Government Stock - 2019 IN2920160057 SOV 1,800,000.00 1,832.63 18.21Total 1,832.63 18.21Net Current Assets/(Liabilities) 324.43 3.24Grand Total 10,062.74 100.00Notes:1. Average Maturity of the portfolio : 2.62 Years2. For NAV and Dividend refer "Annexure A" and "Annexure B" respectively.3. ** Thinly traded/non-traded securities- Fair value as determined by Kotak Mahindra Asset Management Company



Kotak Floater Short Term Daily Dividend 1011.6200 1011.6200Kotak Floater Short Term Growth 2482.3798 2577.0116Kotak Floater Short Term Monthly Dividend 1005.9812 1004.8197Kotak Floater Short Term Weekly Dividend 1013.4894 1012.8088Kotak Floater Short Term Direct Daily Dividend 1011.6200 1011.6200Kotak Floater Short Term Direct Growth 2486.3296 2581.7598Kotak Floater Short Term Direct Monthly Dividend 1011.3297 1010.1666Kotak Floater Short Term Direct Weekly Dividend 1023.1655 1022.4808Kotak Liquid Institutional Growth 2927.9047 3034.7731Kotak Liquid Plan A Daily Dividend 1222.8100 1222.8100Kotak Liquid Plan A Growth 3069.2094 3184.2516Kotak Liquid Plan A Weekly Dividend 1001.6484 1000.8053Kotak Liquid Plan A Direct Daily Dividend 1222.8100 1222.8100Kotak Liquid Plan A Direct Growth 3074.0502 3190.0736Kotak Liquid Plan A Direct Weekly Dividend 1006.7787 1005.9328Kotak Liquid Regular Dividend 1003.8189 1003.0155Kotak Liquid Regular Growth 2784.2789 2882.2869Kotak Bond Deposit Dividend 12.4712 13.5847Kotak Bond Deposit Growth 39.2126 42.7131Kotak Bond Plan A Annual Dividend 25.7611 28.0667Kotak Bond Plan A Bonus 28.0284 30.5369Kotak Bond Plan A Growth 42.0471 45.8107Kotak Bond Plan A Quarterly Dividend 11.0420 11.1672Kotak Bond Plan A Direct Annual Dividend 21.6871 23.7241Kotak Bond Plan A Direct Growth 43.0226 47.0636Kotak Bond Plan A Direct Quarterly Dividend 11.6430 12.7370Kotak Bond Short Term Dividend 10.1877 10.1521Kotak Bond Short Term Growth 28.1768 29.7274Kotak Bond Short Term Direct Dividend 10.2948 10.4061Kotak Bond Short Term Direct Growth 28.7399 30.4735Kotak Bond Short Term Direct Half Yearly Dividend Direct 10.3403 10.9142Kotak Capital Protection Oriented Ser 1 Direct Dividend 10.0838 10.7036Kotak Capital Protection Oriented Ser 1 Direct Growth 10.0835 10.7032Kotak Capital Protection Oriented Ser 1 Dividend 10.0580 10.6460Kotak Capital Protection Oriented Ser 1 Growth 10.0580 10.6460Kotak Capital Protection Oriented Ser 2 Direct Dividend 10.1028 10.7241Kotak Capital Protection Oriented Ser 2 Direct Growth 10.1036 10.7250Kotak Capital Protection Oriented Ser 2 Dividend 10.0875 10.6805Kotak Capital Protection Oriented Ser 2 Growth 10.0876 10.6806Kotak Capital Protection Oriented Ser 3 Direct Growth 10.0656 10.4533Kotak Capital Protection Oriented Ser 3 Dividend 10.0606 10.4158Kotak Capital Protection Oriented Ser 3 Growth 10.0606 10.4158Kotak Capital Protection Oriented Ser 4 Direct Dividend N.A. 10.2652Kotak Capital Protection Oriented Ser 4 Direct Growth N.A. 10.2652Kotak Capital Protection Oriented Ser 4 Dividend N.A. 10.2483Kotak Capital Protection Oriented Ser 4 Growth N.A. 10.2483Kotak Income Opportunities Fund Annual Dividend 10.2715 10.8928Kotak Income Opportunities Fund Growth 16.3124 17.2988Kotak Income Opportunities Fund Monthly Dividend 10.2629 10.3235Kotak Income Opportunities Fund Quarterly Dividend 10.6536 10.7123Kotak Income Opportunities Fund Weekly Dividend 10.0315 10.0428Kotak Income Opportunities Fund Direct Annual Dividend 12.6077 13.4491Kotak Income Opportunities Fund Direct Growth 16.7827 17.9066Kotak Income Opportunities Fund Direct Monthly Dividend 10.4026 10.5038Kotak Income Opportunities Fund Direct Weekly Dividend 10.1998 10.3261Kotak Treasury Advantage Fund Daily Dividend 10.0798 10.0798Kotak Treasury Advantage Fund Growth 24.1477 25.1580Kotak Treasury Advantage Fund Monthly Dividend 10.1441 10.1433Kotak Treasury Advantage Fund Weekly Dividend 10.1707 10.1543Kotak Treasury Advantage Fund Direct Daily Dividend 10.0798 10.0798Kotak Treasury Advantage Fund Direct Growth 24.3568 25.4203Kotak Treasury Advantage Fund Direct Monthly Dividend 10.9967 11.4955Kotak Treasury Advantage Fund Direct Weekly Dividend 10.1868 10.1703Kotak Flexi Debt Plan A Daily Dividend 10.0475 10.0326Kotak Flexi Debt Plan A Growth 18.8740 20.3393Kotak Flexi Debt Plan A Quarterly Dividend 11.3730 10.9603Kotak Flexi Debt Plan A Weekly Dividend 10.5680 10.5454Kotak Flexi Debt Plan A Direct Daily Dividend 10.0475 10.0329Kotak Flexi Debt Plan A Direct Growth 19.2650 20.8270Kotak Flexi Debt Plan A Direct Quarterly Dividend 10.6748 10.7438Kotak Flexi Debt Plan A Direct Weekly Dividend 12.8815 12.8806Kotak Flexi Debt Regular Plan Weekly Dividend 10.0573 10.0363Kotak Flexi Debt Regular Plan Daily Dividend 13.2543 14.2660Kotak Flexi Debt Regular Plan Growth 23.1582 24.9266Kotak Flexi Debt Regular Plan Quarterly Dividend 10.8511 10.6405Kotak Hybrid FTP Series 2 Direct Dividend 12.0378 12.7314Kotak Hybrid FTP Series 2 Direct Growth 12.0380 12.7316Kotak Hybrid FTP Series 2 Dividend 11.7778 12.3941Kotak Hybrid FTP Series 2 Growth 11.7778 12.3941Kotak Corporate Bond Fund Institutional Growth 1978.6790 2076.4952Kotak Corporate Bond Fund Retail Daily Dividend 1044.9415 1045.5957Kotak Corporate Bond Fund Retail Growth 1927.3195 2021.2909Kotak Corporate Bond Fund Retail Monthly Dividend 1032.4957 1033.0950Kotak Corporate Bond Fund Retail Weekly Dividend 1044.6714 1045.2653Kotak Corporate Bond Fund Standard Daily Dividend 1045.2294 1045.7561Kotak Corporate Bond Fund Standard Growth 1958.4807 2054.8271Kotak Corporate Bond Fund Standard Monthly Dividend 1046.5556 1046.2925Kotak Corporate Bond Fund Standard Qtrly Dividend 1047.8205 1050.0633Kotak Corporate Bond Fund Standard Weekly Dividend 1138.9070 1194.9476Kotak Corporate Bond Fund Direct Growth 1988.0915 2088.0012Kotak Corporate Bond Fund Direct Monthly Dividend 1083.0538 1095.4283Kotak Gilt Investment Regular Plan Dividend 12.4495 13.3604Kotak Gilt Investment Regular Plan Direct Dividend 12.8252 12.9836Kotak Gilt Investment Provident Fund and Trust Plan Dividend 11.8065 11.9447Kotak Gilt Investment Provident Fund and Trust Plan Growth 51.6987 56.7071Kotak Gilt Investment Provident Fund and Trust Plan Direct Growth 53.4129 58.8819Kotak Gilt Investment Regular Plan Growth 50.5324 55.4291Kotak Gilt Investment Regular Plan Direct Growth 52.1632 57.5043Kotak Banking and PSU Debt Fund Annual Dividend 15.5478 16.3997Kotak Banking and PSU Debt Fund Daily Dividend 10.0335 10.1090Kotak Banking and PSU Debt Fund Growth 33.7088 35.5559Kotak Banking and PSU Debt Fund Monthly Dividend 10.7054 10.7036Kotak Banking and PSU Debt Fund Direct Annual Dividend 16.4414 17.3750Kotak Banking and PSU Debt Fund Direct Daily Dividend 10.0817 10.0749Kotak Banking and PSU Debt Fund Direct Growth 33.9105 35.8361Kotak Banking and PSU Debt Fund Direct Monthly Dividend 10.9133 10.9055Kotak Monthly Income Plan Growth 24.3127 27.0271Kotak Monthly Income Plan Monthly Dividend 12.0972 12.9735Kotak Monthly Income Plan Quarterly Dividend 12.9832 14.0554Kotak Monthly Income Plan Direct Growth 24.9712 27.9425Kotak Monthly Income Plan Direct Monthly Dividend 12.2948 13.2410Kotak Monthly Income Plan Direct Quarterly Dividend 13.3058 14.4692Kotak Low Duration Fund Retail Growth 1871.9464 1961.2553Kotak Low Duration Fund Retail Monthly Dividend 1015.7696 1015.3786Kotak Low Duration Fund Retail Weekly Dividend 1014.2937 1015.7535Kotak Low Duration Fund Standard Growth 1821.5756 1908.4737Kotak Low Duration Fund Standard Monthly Dividend 1024.2457 1023.5836Kotak Low Duration Fund Standard Weekly Dividend 1017.4457 1016.3562Kotak Low Duration Fund Direct Growth 1851.8339 1947.4863Kotak Low Duration Fund Direct Monthly Dividend 1039.6685 1038.9872Kotak Low Duration Fund Direct Weekly Dividend 1135.2954 1193.9384Kotak Multi Asset Allocation Fund Annual Dividend 11.3926 12.2869Kotak Multi Asset Allocation Fund Growth 14.7000 15.8540Kotak Multi Asset Allocation Fund Monthly Dividend 12.3223 13.2897Kotak Multi Asset Allocation Fund Quarterly Dividend 11.6930 12.2900Kotak Multi Asset Allocation Fund Direct Annual Dividend 12.0887 13.1623Kotak Multi Asset Allocation Fund Direct Growth 15.1115 16.4537Kotak Multi Asset Allocation Fund Direct Quarterly Dividend 11.9127 12.6112Kotak Medium Term Fund Annual Dividend 10.3292 10.9782Kotak Medium Term Fund Direct Annual Dividend 12.5437 13.4089Kotak Medium Term Fund Direct Growth 12.5136 13.3768Kotak Medium Term Fund Direct Quarterly Dividend 10.3987 10.4791Kotak Medium Term Fund Growth 12.2747 13.0460

NAV Details Annexure A

Scheme Name 31/03/2016 30/09/2016

NAV Details Annexure A (Continued)

Scheme Name 31/03/2016 30/09/2016

NAV Details Annexure A (Continued)

Scheme Name 31/03/2016 30/09/2016

15

Kotak Medium Term Fund Quarterly Dividend 10.3768 10.4820Kotak FMP Series 105 Direct Dividend 11.5561 12.0190Kotak FMP Series 105 Direct Growth 12.7368 13.2468Kotak FMP Series 105 Growth 12.6966 13.2087Kotak FMP Series 106 Direct Growth 12.7311 13.2352Kotak FMP Series 106 Growth 12.7105 13.2026Kotak FMP Series 107 Direct Growth 12.7192 13.1947Kotak FMP Series 107 Dividend 11.5440 11.9960Kotak FMP Series 107 Growth 12.6815 13.1580Kotak FMP Series 108 Direct Growth 12.7129 13.3477Kotak FMP Series 108 Dividend 12.6209 13.2345Kotak FMP Series 108 Growth 12.6209 13.2345Kotak FMP Series 113 Direct Dividend 12.8059 13.3860Kotak FMP Series 113 Direct Growth 12.8059 13.3860Kotak FMP Series 113 Dividend 12.6912 0.0000Kotak FMP Series 113 Growth 12.6912 13.1990Kotak FMP Series 114 Direct Growth 12.7065 0.0000Kotak FMP Series 114 Growth 12.6746 0.0000Kotak FMP Series 115 Direct Dividend 12.7221 13.2181Kotak FMP Series 115 Direct Growth 12.7221 13.2181Kotak FMP Series 115 Growth 12.6560 13.1471Kotak FMP Series 116 Direct Growth 12.7158 13.2033Kotak FMP Series 116 Growth 12.6900 13.1724Kotak FMP Series 117 Direct Growth 12.6856 0.0000Kotak FMP Series 117 Dividend 12.6071 0.0000Kotak FMP Series 117 Growth 12.6071 0.0000Kotak FMP Series 118 Direct Dividend 12.6160 0.0000Kotak FMP Series 118 Direct Growth 12.6180 0.0000Kotak FMP Series 118 Growth 12.5807 0.0000Kotak FMP Series 119 Direct Growth 12.5528 0.0000Kotak FMP Series 119 Growth 12.5222 0.0000Kotak FMP Series 122 Direct Dividend 12.4910 12.9890Kotak FMP Series 122 Direct Growth 12.4910 12.9890Kotak FMP Series 122 Growth 12.4042 12.8826Kotak FMP Series 124 Direct Growth 12.3557 12.8257Kotak FMP Series 124 Dividend 12.3180 12.7767Kotak FMP Series 124 Growth 12.3178 12.7767Kotak FMP Series 127 Direct Dividend 12.4788 13.2454Kotak FMP Series 127 Direct Growth 12.4788 13.2454Kotak FMP Series 127 Dividend 12.3855 13.0642Kotak FMP Series 127 Growth 12.3855 13.0642Kotak FMP Series 128 Direct Growth 12.1203 12.5902Kotak FMP Series 128 Growth 12.0948 12.5574Kotak FMP Series 129 Direct Growth 12.0466 12.4855Kotak FMP Series 129 Dividend 12.0302 12.4622Kotak FMP Series 129 Growth 12.0303 12.4623Kotak FMP Series 131 Direct Growth 12.6970 13.2736Kotak FMP Series 131 Dividend 12.6262 13.1831Kotak FMP Series 131 Growth 12.6262 13.1831Kotak FMP Series 132 Direct Growth 12.1129 12.6264Kotak FMP Series 132 Dividend 12.0058 12.4897Kotak FMP Series 132 Growth 12.0058 12.4897Kotak FMP Series 133 Direct Growth 12.0763 12.5757Kotak FMP Series 133 Growth 11.9975 12.4748Kotak FMP Series 135 Direct Growth 12.1876 12.7062Kotak FMP Series 135 Growth 12.1028 12.5957Kotak FMP Series 136 Direct Growth 12.0554 12.5766Kotak FMP Series 136 Growth 12.0203 12.5337Kotak FMP Series 137 Direct Growth 12.0472 12.5650Kotak FMP Series 137 Growth 12.0122 12.5223Kotak FMP Series 140 Direct Dividend 12.3389 12.8764Kotak FMP Series 140 Direct Growth 12.3389 12.8764Kotak FMP Series 140 Dividend 12.1845 12.6771Kotak FMP Series 140 Growth 12.1845 12.6771Kotak FMP Series 141 Direct Growth 12.0369 12.5498Kotak FMP Series 141 Dividend 11.9326 12.4138Kotak FMP Series 141 Growth 11.9334 12.4138Kotak FMP Series 142 Direct Growth 11.9879 12.5055Kotak FMP Series 142 Growth 11.9279 12.4366Kotak FMP Series 143 Direct Growth 12.0053 12.5042Kotak FMP Series 143 Dividend 11.9577 12.4422Kotak FMP Series 143 Growth 11.9577 12.4422Kotak FMP Series 145 Direct Growth 11.9413 12.5344Kotak FMP Series 145 Dividend 11.9044 12.4894Kotak FMP Series 145 Growth 11.9043 12.4893Kotak FMP Series 146 Direct Growth 11.9120 12.5083Kotak FMP Series 146 Growth 11.8759 12.4642Kotak FMP Series 147 Direct Growth 11.8919 12.4855Kotak FMP Series 147 Growth 11.8343 12.4094Kotak FMP Series 148 Direct Growth 11.8403 12.3482Kotak FMP Series 148 Growth 11.8092 12.3095Kotak FMP Series 149 Direct Growth 11.8450 12.3565Kotak FMP Series 149 Growth 11.8036 12.3071Kotak FMP Series 150 Direct Dividend 12.0855 12.6056Kotak FMP Series 150 Direct Growth 12.0855 12.6056Kotak FMP Series 150 Dividend 12.0124 12.5105Kotak FMP Series 150 Growth 12.0124 12.5105Kotak FMP Series 151 Direct Growth 11.8259 12.3366Kotak FMP Series 151 Dividend 11.7859 12.2886Kotak FMP Series 151 Growth 11.7859 12.2887Kotak FMP Series 153 Direct Growth 12.1145 12.5247Kotak FMP Series 153 Dividend 12.0065 12.3860Kotak FMP Series 153 Growth 12.0065 12.3860Kotak FMP Series 154 Direct Growth 11.9549 12.4719Kotak FMP Series 154 Dividend 11.8390 12.3200Kotak FMP Series 154 Growth 11.8391 12.3201Kotak FMP Series 156 Direct Dividend 11.8035 12.3116Kotak FMP Series 156 Direct Growth 11.8036 12.3115Kotak FMP Series 156 Dividend 11.7702 12.2705Kotak FMP Series 156 Growth 11.7702 12.2705Kotak FMP Series 157 Direct Growth 11.7788 12.2825Kotak FMP Series 157 Growth 11.7471 12.2434Kotak FMP Series 158 Direct Growth 11.8070 12.3138Kotak FMP Series 158 Dividend 11.7868 12.2866Kotak FMP Series 158 Growth 11.7866 12.2864Kotak FMP Series 159 Direct Growth 11.7909 12.2921Kotak FMP Series 159 Dividend 11.7747 12.2692Kotak FMP Series 159 Growth 11.7748 12.2692Kotak FMP Series 160 Direct Dividend 11.8703 12.3862Kotak FMP Series 160 Direct Growth 11.8735 12.3909Kotak FMP Series 160 Dividend 11.7737 12.2590Kotak FMP Series 160 Growth 11.7737 12.2590Kotak FMP Series 161 Direct Dividend 11.6980 12.1761Kotak FMP Series 161 Direct Growth 11.6992 12.1778Kotak FMP Series 161 Dividend 11.6904 12.1642Kotak FMP Series 161 Growth 11.6886 12.1607Kotak FMP Series 162 Direct Growth 11.7018 12.2089Kotak FMP Series 162 Dividend 11.6462 12.1296Kotak FMP Series 162 Growth 11.6462 12.1296Kotak FMP Series 163 Direct Growth 11.5942 12.1262Kotak FMP Series 163 Dividend 11.5576 12.0758Kotak FMP Series 163 Growth 11.5576 12.0758Kotak FMP Series 171 Direct Growth 10.9925 11.5192Kotak FMP Series 171 Growth Growth 10.9547 11.4623Kotak FMP Series 172 Dividend 11.0802 11.6415Kotak FMP Series 172 Growth 11.0802 11.6415Kotak FMP Series 172 Direct Dividend 11.1131 11.6970Kotak FMP Series 172 Direct Growth 11.1110 11.6944Kotak FMP Series 175 Dividend 10.6621 11.1683Kotak FMP Series 175 Growth 10.6621 11.1683Kotak FMP Series 175 Direct Growth 10.6893 11.2193Kotak FMP Series 176 Dividend 10.5891 11.1053Kotak FMP Series 176 Growth 10.5891 11.1053

Kotak FMP Series 176 Direct Growth 10.6117 11.1458Kotak FMP Series 178 Dividend 10.4853 11.0193Kotak FMP Series 178 Growth 10.4853 11.0193Kotak FMP Series 178 Direct Growth 10.5014 11.0501Kotak FMP Series 179 Dividend 10.4090 10.9404Kotak FMP Series 179 Growth 10.4090 10.9400Kotak FMP Series 179 Dividend 10.4090 10.9121Kotak FMP Series 179 Growth 10.4090 10.9121Kotak FMP Series 180 Dividend 10.3392 10.8592Kotak FMP Series 180 Growth 10.3391 10.8592Kotak FMP Series 180 Direct Growth 10.3513 10.8856Kotak FMP Series 181 Dividend 10.2934 10.8224Kotak FMP Series 181 Growth 10.2933 10.8223Kotak FMP Series 181 Direct Dividend 10.3064 10.8525Kotak FMP Series 181 Direct Growth 10.3063 10.8523Kotak FMP Series 182 Dividend 10.2407 10.7581Kotak FMP Series 182 Growth 10.2407 10.7581Kotak FMP Series 182 Direct Dividend 10.2522 10.7878Kotak FMP Series 182 Direct Growth 10.2531 10.7900Kotak FMP Series 183 Dividend 10.2474 10.8007Kotak FMP Series 183 Growth 10.2474 10.8007Kotak FMP Series 183 Direct Growth 10.2558 10.8258Kotak FMP Series 185 Dividend 10.1777 10.7030Kotak FMP Series 185 Growth 10.1777 10.7030Kotak FMP Series 185 Direct Growth 10.1848 10.7292Kotak FMP Series 186 Dividend 10.1710 10.7763Kotak FMP Series 186 Growth 10.1710 10.7763Kotak FMP Series 186 Direct Growth 10.1718 10.7798Kotak FMP Series 187 Dividend 10.1235 10.6494Kotak FMP Series 187 Growth 10.1235 10.6494Kotak FMP Series 187 Direct Growth 10.1266 10.6687Kotak FMP Series 189 Dividend 10.1558 10.7811Kotak FMP Series 189 Growth 10.1558 10.7811Kotak FMP Series 189 Direct Dividend 10.1594 10.8020Kotak FMP Series 189 Direct Growth 10.1594 10.8012Kotak FMP Series 190 Dividend 10.1323 10.6618Kotak FMP Series 190 Growth 10.1323 10.6618Kotak FMP Series 190 Direct Dividend 10.1354 10.6838Kotak FMP Series 190 Direct Growth 10.1354 10.6838Kotak FMP Series 191 Dividend 10.0383 10.5518Kotak FMP Series 191 Growth 10.0383 10.5518Kotak FMP Series 191 Direct Growth 10.0390 10.5684Kotak FMP Series 192 Dividend 10.0271 10.5612Kotak FMP Series 192 Growth 10.0271 10.5612Kotak FMP Series 192 Direct Growth 10.0272 10.5773Kotak FMP Series 193 Dividend N.A. 10.4935Kotak FMP Series 193 Growth N.A. 10.4935Kotak FMP Series 193 Direct Growth N.A. 10.5079Kotak FMP Series 194 Dividend N.A. 10.4575Kotak FMP Series 194 Growth N.A. 10.4575Kotak FMP Series 194 Direct Growth N.A. 10.4698Kotak FMP Series 196 Dividend N.A. 10.2173Kotak FMP Series 196 Growth N.A. 10.2173Kotak FMP Series 196 Direct Growth N.A. 10.2233Kotak Gold Fund Dividend 12.4458 13.4472Kotak Gold Fund Growth 12.4456 13.4470Kotak Gold Fund Direct Dividend 12.6272 13.6777Kotak Gold Fund Direct Growth 12.6264 13.6769Kotak Balance Growth Growth 18.1780 20.9440Kotak Balance Dividend 14.4180 16.1250Kotak Balance Direct Dividend 15.0660 17.0070Kotak Balance Direct Growth 18.8030 21.8350Kotak BANKING ETF Dividend 162.6805 195.9372Kotak PSU Bank ETF 249.3002 320.4340Kotak Classic Equity Dividend 17.6340 19.8950Kotak Classic Equity Growth 32.7090 37.8660Kotak Classic Equity Direct Dividend 18.4120 20.9590Kotak Classic Equity Direct Growth 33.8570 39.4950Kotak Equity Arbitrage Fund Bimonthly Direct Dividend 20.1559 20.1811Kotak Equity Arbitrage Fund Bimonthly Dividend 19.9653 19.9898Kotak Equity Arbitrage Fund Dividend 10.7494 10.7486Kotak Equity Arbitrage Fund Growth 22.0322 22.7705Kotak Equity Arbitrage Fund Direct Dividend 10.8904 10.8896Kotak Equity Arbitrage Fund Direct Growth 22.3928 23.2004Kotak Kotak Tax Saver Dividend 15.7190 18.6470Kotak Kotak Tax Saver Growth 28.8820 34.2630Kotak Kotak Tax Saver Direct Dividend 17.4880 20.9040Kotak Kotak Tax Saver Direct Growth 30.0370 35.9070Kotak Emerging Equity Scheme Dividend 19.5210 22.8850Kotak Emerging Equity Scheme Growth 25.1700 31.4360Kotak Emerging Equity Scheme Direct Dividend 20.1950 23.9060Kotak Emerging Equity Scheme Direct Growth 25.9780 32.6830Kotak Asset Allocator Fund Dividend 59.5550 65.0550Kotak Asset Allocator Fund Growth 61.1820 66.8320Kotak Asset Allocator Fund Direct Dividend 60.4440 66.1850Kotak Asset Allocator Fund Direct Growth 61.5460 67.3940Kotak Global Emerging Market Fund Dividend 12.6150 13.9780Kotak Global Emerging Market Fund Growth 12.6160 13.9780Kotak Global Emerging Market Fund Direct Dividend 12.8900 14.3670Kotak Global Emerging Market Fund Direct Growth 12.8490 14.3200Kotak Gold ETF 268.2741 288.2957Kotak India Growth Fund Series I Dividend 10.2160 11.2986Kotak India Growth Fund Series I Growth 10.2160 11.2986Kotak India Growth Fund Series I Direct Dividend 10.2667 11.3838Kotak India Growth Fund Series I Direct Growth 10.2667 11.3838Kotak 50 Dividend 32.6360 35.3370Kotak 50 Growth 165.6290 186.9230Kotak 50 Direct Dividend 33.8210 36.9310Kotak 50 Direct Growth 170.2930 193.5070Kotak Infr. and Economic Reform. Standard Dividend 14.2960 16.8990Kotak Infr. and Economic Reform. Standard Growth 14.7820 17.4730Kotak Infr. and Economic Reform. Direct Dividend 15.2730 18.2010Kotak Infr. and Economic Reform. Direct Growth 15.2830 18.2140Kotak Opportunities Dividend 21.6680 25.9590Kotak Opportunities Growth 78.0410 93.4970Kotak Opportunities Direct Dividend 22.3200 26.9160Kotak Opportunities Direct Growth 80.2400 96.7640Kotak Equity Saving Fund Direct Growth 11.0693 11.8515Kotak Equity Saving Fund Direct Monthly Dividend 10.3420 10.8679Kotak Equity Saving Fund Direct Quaterly Dividend 10.3080 10.7252Kotak Equity Saving Fund Growth 10.9661 11.6969Kotak Equity Saving Fund Monthly Dividend 10.2956 10.7310Kotak Equity Saving Fund Quaterly Dividend 10.2650 10.6693Kotak US Equity Standard Dividend 11.7810 12.2910Kotak US Equity Standard Growth 11.7800 12.2890Kotak US Equity Direct Dividend 11.9840 12.5520Kotak US Equity Direct Growth 11.9840 12.5510Kotak World Gold Standard Dividend 6.9530 9.3390Kotak World Gold Standard Growth 8.3880 11.2650Kotak World Gold Direct Dividend 7.1220 9.6090Kotak World Gold Direct Growth 8.5810 11.5690Kotak MIDCAP Dividend 28.8580 34.9510Kotak MIDCAP Growth 52.0620 63.0540Kotak MIDCAP Direct Dividend 29.9300 36.5330Kotak MIDCAP Direct Growth 53.8550 65.7370Kotak Nifty ETF 786.2720 870.2688Kotak NV 20 ETF Dividend 35.8028 37.7095Kotak Select Focus Fund Dividend 17.9230 21.3490Kotak Select Focus Fund Growth 22.1620 26.3990Kotak Select Focus Fund Direct Dividend 18.4610 22.1190Kotak Select Focus Fund Direct Growth 22.7880 27.3030Kotak Sensex ETF 258.0530 286.0574


16

Corporate Bond Fund Direct-Direct Monthly Dividend 12/04/2016 3.278900 3.037800 1088.9570Corporate Bond Fund Direct-Direct Monthly Dividend 12/05/2016 3.522800 3.263800 1089.2947Corporate Bond Fund Direct-Direct Monthly Dividend 13/06/2016 4.937300 4.574300 1091.2531Corporate Bond Fund Direct-Direct Monthly Dividend 12/07/2016 6.708300 6.215200 1094.1676Corporate Bond Fund Direct-Direct Monthly Dividend 12/08/2016 5.565900 5.516700 1098.0889Corporate Bond Fund Direct-Direct Monthly Dividend 12/09/2016 5.664800 5.248300 1098.2259Corporate Bond Fund Retail Daily Dividend 20/06/2016 14.396400 13.338000 1061.8852Corporate Bond Fund Retail Daily Dividend 20/09/2016 21.445700 19.869100 1071.6452Corporate Bond Fund Retail Monthly Dividend 20/06/2016 14.227600 13.181600 1049.2345Corporate Bond Fund Retail Monthly Dividend 20/09/2016 21.188400 19.630600 1058.8720Corporate Bond Fund Retail Weekly Dividend 20/06/2016 14.405900 13.346800 1061.6077Corporate Bond Fund Retail Weekly Dividend 20/09/2016 21.422900 19.847900 1071.3230Corporate Bond Fund Standard Daily Dividend 20/06/2016 14.934100 13.836200 1062.6221Corporate Bond Fund Standard Daily Dividend 20/09/2016 21.531500 19.948500 1071.7563Corporate Bond Fund Standard Monthly Dividend 12/04/2016 10.409400 9.644100 1052.1906Corporate Bond Fund Standard Monthly Dividend 12/05/2016 3.240800 3.002600 1042.2655Corporate Bond Fund Standard Monthly Dividend 13/06/2016 4.591400 4.253800 1044.1354Corporate Bond Fund Standard Monthly Dividend 12/07/2016 6.618400 6.131800 1046.9419Corporate Bond Fund Standard Monthly Dividend 12/08/2016 7.432300 6.885900 1050.2321Corporate Bond Fund Standard Monthly Dividend 12/09/2016 4.093200 3.792200 1047.2450Corporate Bond Fund Standard Qtrly Dividend 20/06/2016 14.264000 13.215400 1065.2512Corporate Bond Fund Standard Qtrly Dividend 20/09/2016 20.602000 19.087400 1074.9746Emerging Equity Scheme Direct-Dividend 27/05/2016 1.300000 1.300000 21.9756Emerging Equity Scheme Dividend 27/05/2016 1.300000 1.300000 21.1956Equity Saving Fund Direct Monthly Dividend 13/06/2016 0.046000 0.046000 10.6045Equity Saving Fund Direct Monthly Dividend 12/07/2016 0.046000 0.046000 10.7607Equity Saving Fund Direct Monthly Dividend 12/08/2016 0.054000 0.054000 10.8662Equity Saving Fund Direct Quaterly Dividend 20/06/2016 0.140000 0.140000 10.6041Equity Saving Fund Direct Quaterly Dividend 20/09/2016 0.165000 0.165000 10.8855Equity Saving Fund Monthly Dividend 12/04/2016 0.020000 0.020000 10.3242Equity Saving Fund Monthly Dividend 12/05/2016 0.040000 0.040000 10.4214Equity Saving Fund Monthly Dividend 13/06/2016 0.042000 0.042000 10.4812Equity Saving Fund Monthly Dividend 12/07/2016 0.042000 0.042000 10.6329Equity Saving Fund Monthly Dividend 12/08/2016 0.050000 0.050000 10.7340Equity Saving Fund Monthly Dividend 12/09/2016 0.050000 0.050000 10.7536Equity Saving Fund Quaterly Dividend 20/06/2016 0.125000 0.125000 10.5437Equity Saving Fund Quaterly Dividend 20/09/2016 0.150000 0.150000 10.8162Income Opportunities Fund Direct-Monthly Dividend 12/04/2016 0.116200 0.107700 10.4601Income Opportunities Fund Direct-Monthly Dividend 12/05/2016 0.036500 0.033800 10.3497Income Opportunities Fund Direct-Monthly Dividend 13/06/2016 0.063100 0.058400 10.3865Income Opportunities Fund Direct-Monthly Dividend 12/07/2016 0.078100 0.072400 10.4073Income Opportunities Fund Direct-Monthly Dividend 12/08/2016 0.075300 0.069700 10.4840Income Opportunities Fund Direct-Monthly Dividend 12/09/2016 0.046200 0.042800 10.4761Income Opportunities Fund Direct-Weekly Dividend ~ 0.387700 0.358900 ~Income Opportunities Fund Monthly Dividend 12/04/2016 0.104600 0.096900 10.3146Income Opportunities Fund Monthly Dividend 12/05/2016 0.028300 0.026200 10.2090Income Opportunities Fund Monthly Dividend 13/06/2016 0.053500 0.049600 10.2439Income Opportunities Fund Monthly Dividend 12/07/2016 0.067800 0.062900 10.2637Income Opportunities Fund Monthly Dividend 12/08/2016 0.088500 0.082000 10.3412Income Opportunities Fund Monthly Dividend 12/09/2016 0.047800 0.044200 10.3047Income Opportunities Fund Quarterly Dividend 20/06/2016 0.154300 0.143000 10.8391Income Opportunities Fund Quarterly Dividend 20/09/2016 0.260600 0.241500 11.0044Income Opportunities Fund Weekly Dividend ~ 0.417300 0.386500 ~Kotak- Classic Equity Direct-Dividend 15/07/2016 0.500000 0.500000 20.6601Kotak- Classic Equity Dividend 15/07/2016 0.500000 0.500000 19.6923Kotak Equity Arbitrage Fund Direct-Dividend 25/04/2016 0.067100 0.067100 10.9345Kotak Equity Arbitrage Fund Direct-Dividend 23/05/2016 0.052500 0.052500 10.9199Kotak Equity Arbitrage Fund Direct-Dividend 27/06/2016 0.067000 0.067000 10.9344Kotak Equity Arbitrage Fund Direct-Dividend 25/07/2016 0.063700 0.063700 10.9311Kotak Equity Arbitrage Fund Direct-Dividend 22/08/2016 0.069500 0.069500 10.9369Kotak Equity Arbitrage Fund Direct-Dividend 26/09/2016 0.067200 0.067200 10.9346Kotak Equity Arbitrage Fund Dividend 25/04/2016 0.062200 0.062200 10.7893Kotak Equity Arbitrage Fund Dividend 23/05/2016 0.047900 0.047900 10.7750Kotak Equity Arbitrage Fund Dividend 27/06/2016 0.061200 0.061200 10.7883Kotak Equity Arbitrage Fund Dividend 25/07/2016 0.058700 0.058700 10.7858Kotak Equity Arbitrage Fund Dividend 22/08/2016 0.064600 0.064600 10.7917Kotak Equity Arbitrage Fund Dividend 26/09/2016 0.060900 0.060900 10.7880Kotak Equity Arbitrage Fund Bimonthly Direct-Dividend 23/05/2016 0.194700 0.194700 20.3352Kotak Equity Arbitrage Fund Bimonthly Direct-Dividend 25/07/2016 0.262900 0.262900 20.3845Kotak Equity Arbitrage Fund Bimonthly Direct-Dividend 26/09/2016 0.236000 0.236000 20.3757Kotak Equity Arbitrage Fund Bimonthly Dividend 23/05/2016 0.178200 0.178200 20.1289Kotak Equity Arbitrage Fund Bimonthly Dividend 25/07/2016 0.242500 0.242500 20.1743Kotak Equity Arbitrage Fund Bimonthly Dividend 26/09/2016 0.215900 0.215900 20.1658Kotak Flexi Debt Plan A Daily Dividend ~ 0.526302 0.487599 10.0475Kotak Flexi Debt Plan A Direct-Daily Dividend ~ 0.549222 0.508282 10.0475Kotak Flexi Debt Plan A Direct-Quarterly Dividend 20/06/2016 0.177100 0.164100 10.8881Kotak Flexi Debt Plan A Direct-Quarterly Dividend 20/09/2016 0.384300 0.356100 11.1798Kotak Flexi Debt Plan A Direct-Weekly Dividend ~ 0.742900 0.162800 ~Kotak Flexi Debt Plan A Quarterly Dividend 20/09/2016 0.928400 0.860200 12.1487Kotak Flexi Debt Plan A Weekly Dividend ~ 0.587600 0.544500 ~Kotak Flexi Debt Regular Plan Weekly Dividend ~ 0.550000 0.509500 ~Kotak-50 Direct-Dividend 15/06/2016 1.400000 1.400000 36.0540Kotak-50 Dividend 15/06/2016 1.400000 1.400000 34.6915Kotak-Balance Direct-Dividend 25/04/2016 0.070000 0.070000 15.4300Kotak-Balance Direct-Dividend 25/05/2016 0.070000 0.070000 15.4172Kotak-Balance Direct-Dividend 27/06/2016 0.080000 0.080000 15.8290Kotak-Balance Direct-Dividend 25/07/2016 0.080000 0.080000 16.6690Kotak-Balance Direct-Dividend 26/07/2016 0.080000 0.080000 16.6690Kotak-Balance Direct-Dividend 25/08/2016 0.080000 0.080000 16.8580Kotak-Balance Direct-Dividend 26/09/2016 0.080000 0.080000 17.1745Kotak-Balance Dividend 25/04/2016 0.070000 0.070000 14.7740Kotak-Balance Dividend 25/05/2016 0.070000 0.070000 14.7179Kotak-Balance Dividend 27/06/2016 0.080000 0.080000 15.0860Kotak-Balance Dividend 25/07/2016 0.080000 0.080000 15.8590Kotak-Balance Dividend 25/08/2016 0.080000 0.080000 16.0150Kotak-Balance Dividend 26/09/2016 0.080000 0.080000 16.2899Kotak-Banking and PSU Debt Fund Daily Dividend Reinvestment ~ 0.333523 0.308994 ~Kotak-Banking and PSU Debt Fund Direct-Daily Direct ~ 0.555413 0.369179 ~

Dividend ReinvestmentKotak-Banking and PSU Debt Fund Direct-Monthly Dividend 12/04/2016 0.086500 0.080200 10.9595Kotak-Banking and PSU Debt Fund Direct-Monthly Dividend 12/05/2016 0.047800 0.044200 10.9058Kotak-Banking and PSU Debt Fund Direct-Monthly Dividend 13/06/2016 0.055600 0.051500 10.9166Kotak-Banking and PSU Debt Fund Direct-Monthly Dividend 12/07/2016 0.076200 0.070600 10.9452Kotak-Banking and PSU Debt Fund Direct-Monthly Dividend 12/08/2016 0.112400 0.104100 10.9953Kotak-Banking and PSU Debt Fund Direct-Monthly Dividend 12/09/2016 0.061600 0.057000 10.9249Kotak-Banking and PSU Debt Fund Monthly Dividend 12/04/2016 0.078700 0.073000 10.7441Kotak-Banking and PSU Debt Fund Monthly Dividend 12/05/2016 0.044400 0.041100 10.6965

Dividend's declared during the half year ended September 2016 under following dividend options : Annexure B

Dividend Rate (Rs per Unit)

Scheme Name Option Name Record Date Individual/HUF Others Cum DividendNAV (Rs.)

(Continued) Annexure B

Dividend Rate (Rs per Unit)

Scheme Name Option Name Record Date Individual/HUF Others Cum DividendNAV (Rs.)

Common Notes to Portfolio:1) Face Value per unit: Rs. 10 (For Kotak Liquid, Kotak Floater Short Term Kotak Corporate Bond Kotak Low Duration: Rs.1000 and Kotak Gold ETF Rs. 100 )

2) Total outstanding exposure in Derivatives & Repo in Corporate Debt Securities at the end of the half year, where applicable, is as stated in the respective scheme portfolios.

3) Total investments in foreign securities/ ADRs/ GDRs at the end of the half year, where applicable, is as stated in the respective scheme portfolios.

4) Dividend/ Bonus declared during the half year, where applicable ,is as stated in the respective scheme portfolios.

Dividend is declared on the face value of the units. Dividend distribution is subject to the availability and adequacy of distributuable surplus. After dividend is distributed, the NAVfalls to the extent of the dividend and distribution taxes, if any.

5) Total NPAs provided for and percentage to NAV : NIL

6) # indicates % to net assets less than 0.01%

7) Average Maturity of the portfolio is based on the total maturity of fixed rate and immediate reset date of floating rate instrument.

SO: Structured Obligations FRD: Floating Rate Debentures CP: Commercial Paper CD: Certificate of Deposit TB: Treasury Bills/Cash Management BillsZCB: Zero Coupon Bonds

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

(Dividend distribution is subject to availability and adequacy of distributable surplus).

~Please log on to http://assetmanagement.kotak.com/kmwebsite/ for Record date wise listing of dividend declared

Kotak-Banking and PSU Debt Fund Monthly Dividend 13/06/2016 0.051500 0.047700 10.7064Kotak-Banking and PSU Debt Fund Monthly Dividend 12/07/2016 0.072300 0.067000 10.7352Kotak-Banking and PSU Debt Fund Monthly Dividend 12/08/2016 0.108100 0.100100 10.7847Kotak-Banking and PSU Debt Fund Monthly Dividend 12/09/2016 0.058200 0.053900 10.7156Kotak-Bond Plan A Quarterly Dividend 20/06/2016 0.142200 0.131700 11.2430Kotak-Bond Plan A Quarterly Dividend 20/09/2016 0.472400 0.437700 11.7056Kotak-Bond Short Term Direct-Dividend 12/04/2016 0.116800 0.108200 10.3701Kotak-Bond Short Term Direct-Dividend 12/05/2016 0.040900 0.037900 10.2650Kotak-Bond Short Term Direct-Dividend 13/06/2016 0.049900 0.046200 10.2774Kotak-Bond Short Term Direct-Dividend 12/07/2016 0.079600 0.073800 10.3186Kotak-Bond Short Term Direct-Dividend 12/08/2016 0.067700 0.062700 10.3674Kotak-Bond Short Term Direct-Half Yearly 20/09/2016 0.035800 0.033200 10.9201

Dividend DirectKotak-Bond Short Term Dividend 12/04/2016 0.111300 0.103100 10.2583Kotak-Bond Short Term Dividend 12/05/2016 0.033500 0.031000 10.1506Kotak-Bond Short Term Dividend 13/06/2016 0.042100 0.039000 10.1625Kotak-Bond Short Term Dividend 12/07/2016 0.072700 0.067300 10.2049Kotak-Bond Short Term Dividend 12/08/2016 0.108400 0.100500 10.2544Kotak-Bond Short Term Dividend 12/09/2016 0.051000 0.047300 10.1749Kotak-Flexi Debt Regular Plan Quarterly Dividend 20/06/2016 0.357500 0.331300 11.0386Kotak-Flexi Debt Regular Plan Quarterly Dividend 20/09/2016 0.369300 0.342200 11.0584Kotak-Floater Short Term Daily Dividend ~ 27.156327 25.159337 1011.6200Kotak-Floater Short Term Direct-Daily Dividend ~ 27.338870 25.328453 1011.6200Kotak-Floater Short Term Direct-Monthly Dividend 12/04/2016 5.411200 5.013400 1014.1348Kotak-Floater Short Term Direct-Monthly Dividend 12/05/2016 4.803700 4.450600 1013.2937Kotak-Floater Short Term Direct-Monthly Dividend 13/06/2016 4.951700 4.587600 1013.4985Kotak-Floater Short Term Direct-Monthly Dividend 12/07/2016 4.410600 4.086300 1012.7494Kotak-Floater Short Term Direct-Monthly Dividend 12/08/2016 4.430400 4.104700 1012.7768Kotak-Floater Short Term Direct-Monthly Dividend 12/09/2016 4.311700 3.994700 1012.6125Kotak-Floater Short Term Direct-Weekly Dividend ~ 28.312300 26.230700 ~Kotak-Floater Short Term Monthly Dividend 12/04/2016 5.355400 4.961700 1008.7548Kotak-Floater Short Term Monthly Dividend 12/05/2016 4.750400 4.401200 1007.9172Kotak-Floater Short Term Monthly Dividend 13/06/2016 4.892400 4.532700 1008.1137Kotak-Floater Short Term Monthly Dividend 12/07/2016 4.358700 4.038200 1007.3748Kotak-Floater Short Term Monthly Dividend 12/08/2016 4.376000 4.054300 1007.3988Kotak-Floater Short Term Monthly Dividend 12/09/2016 4.257300 3.944300 1007.2345Kotak-Floater Short Term Weekly Dividend ~ 27.863400 25.814700 ~Kotak-Gilt Investment Regular Plan Direct-Dividend 20/06/2016 0.192300 0.178100 13.1076Kotak-Gilt Investment Regular Plan Direct-Dividend 20/09/2016 0.622900 0.577100 13.6975Kotak-Gilt Investment Regular Plan Dividend 20/06/2016 0.165800 0.153600 12.6955Kotak-Gilt Investment Regular Plan Dividend 20/09/2016 0.052000 0.048100 13.2873Kotak-Gilt Investment Dividend 20/06/2016 0.000000 0.145600 12.0397Provident Fund and Trust PlanKotak-Gilt Investment Dividend 20/09/2016 0.552200 0.511600 12.5785Provident Fund and Trust PlanKotak-Liquid Plan A Daily Dividend ~ 32.284060 29.909986 1222.8100Kotak-Liquid Plan A Direct-Daily Dividend ~ 32.504320 30.114061 1222.8100Kotak-Liquid Plan A Direct-Weekly Dividend ~ 27.532700 25.508200 ~Kotak-Liquid Plan A Weekly Dividend ~ 27.254400 25.250900 ~Kotak-Liquid Regular Dividend ~ 25.647400 23.761900 ~Kotak-Monthly Income Plan Direct-Monthly Dividend 12/04/2016 0.051800 0.048000 12.4442Kotak-Monthly Income Plan Direct-Monthly Dividend 12/05/2016 0.058700 0.054400 12.5063Kotak-Monthly Income Plan Direct-Monthly Dividend 13/06/2016 0.062900 0.058200 12.5260Kotak-Monthly Income Plan Direct-Monthly Dividend 12/07/2016 0.060600 0.056200 12.8573Kotak-Monthly Income Plan Direct-Monthly Dividend 12/08/2016 0.066500 0.061600 13.0979Kotak-Monthly Income Plan Direct-Monthly Dividend 12/09/2016 0.051800 0.048000 13.2042Kotak-Monthly Income Plan Direct-Quarterly Dividend 20/06/2016 0.132100 0.122400 13.8196Kotak-Monthly Income Plan Direct-Quarterly Dividend 20/09/2016 0.160500 0.148700 14.6305Kotak-Monthly Income Plan Monthly Dividend 12/04/2016 0.047600 0.044100 12.2418Kotak-Monthly Income Plan Monthly Dividend 12/05/2016 0.054200 0.050200 12.3010Kotak-Monthly Income Plan Monthly Dividend 13/06/2016 0.058000 0.053800 12.3128Kotak-Monthly Income Plan Monthly Dividend 12/07/2016 0.056100 0.052000 12.6271Kotak-Monthly Income Plan Monthly Dividend 12/08/2016 0.061600 0.057000 12.8451Kotak-Monthly Income Plan Monthly Dividend 12/09/2016 0.046900 0.043400 12.9425Kotak-Monthly Income Plan Quarterly Dividend 20/06/2016 0.118300 0.109600 13.4497Kotak-Monthly Income Plan Quarterly Dividend 20/09/2016 0.145200 0.134500 14.1991Kotak-Treasury Advantage Fund Daily Dividend ~ 0.295475 0.273741 10.0798Kotak-Treasury Advantage Fund Direct-Daily Dividend ~ 0.308093 0.285436 10.0798Kotak-Treasury Advantage Fund Direct-Weekly Dividend ~ 0.326000 0.290570 ~Kotak-Treasury Advantage Fund Monthly Dividend 12/04/2016 0.055900 0.051700 10.1752Kotak-Treasury Advantage Fund Monthly Dividend 12/05/2016 0.040200 0.037200 10.1535Kotak-Treasury Advantage Fund Monthly Dividend 13/06/2016 0.050300 0.046600 10.1675Kotak-Treasury Advantage Fund Monthly Dividend 12/07/2016 0.053000 0.049100 10.1713Kotak-Treasury Advantage Fund Monthly Dividend 12/08/2016 0.057100 0.052900 10.1797Kotak-Treasury Advantage Fund Monthly Dividend 12/09/2016 0.044400 0.041100 10.1626Kotak-Treasury Advantage Fund Weekly Dividend ~ 0.312500 0.289400 ~Low Duration Fund Direct-Direct Monthly Dividend 12/04/2016 7.745200 7.175800 1043.4602Low Duration Fund Direct-Direct Monthly Dividend 12/05/2016 4.960600 4.595900 1039.6048Low Duration Fund Direct-Direct Monthly Dividend 13/06/2016 6.241900 5.783000 1041.3788Low Duration Fund Direct-Direct Monthly Dividend 12/07/2016 6.230500 5.772400 1041.3630Low Duration Fund Direct-Direct Monthly Dividend 12/08/2016 7.400000 6.855900 1042.9822Low Duration Fund Direct-Direct Monthly Dividend 12/09/2016 5.648500 5.233200 1040.5572Low Duration Fund Retail Monthly Dividend 20/06/2016 16.717000 15.488000 1034.7615Low Duration Fund Retail Monthly Dividend 20/09/2016 18.030300 16.704700 1036.5798Low Duration Fund Retail Weekly Dividend 20/06/2016 16.691200 15.464100 1033.2579Low Duration Fund Retail Weekly Dividend 20/09/2016 16.665300 15.440100 1035.0671Low Duration Fund Standard Monthly Dividend 12/04/2016 7.177700 6.650000 1027.7278Low Duration Fund Standard Monthly Dividend 12/05/2016 4.432300 4.106500 1023.9267Low Duration Fund Standard Monthly Dividend 13/06/2016 5.663700 5.247300 1025.6316Low Duration Fund Standard Monthly Dividend 12/07/2016 5.699100 5.280100 1025.6806Low Duration Fund Standard Monthly Dividend 12/08/2016 6.820600 6.319100 1027.2333Low Duration Fund Standard Monthly Dividend 12/09/2016 5.095200 4.720600 1024.8444Low Duration Fund Standard Weekly Dividend ~ 34.974300 32.403000 ~Medium Term Fund Direct Quarterly Dividend 20/06/2016 0.176600 0.163600 10.6115Medium Term Fund Direct Quarterly Dividend 20/09/2016 0.265200 0.245700 10.7974Medium Term Fund Quarterly Dividend 20/06/2016 0.150800 0.139700 10.5609Medium Term Fund Quarterly Dividend 20/09/2016 0.236400 0.219000 10.7539Multi Asset Allocation Fund Direct-Monthly Dividend 12/04/2016 0.049200 0.045600 12.4914Multi Asset Allocation Fund Direct-Monthly Dividend 12/05/2016 0.055300 0.051200 12.5699Multi Asset Allocation Fund Direct-Quarterly Dividend 20/06/2016 0.118000 0.109400 12.2458Multi Asset Allocation Fund Direct-Quarterly Dividend 20/09/2016 0.132000 0.122300 12.7414Multi Asset Allocation Fund Quarterly Dividend 20/06/2016 0.106500 0.098700 11.9766Multi Asset Allocation Fund Quarterly Dividend 20/09/2016 0.119300 0.110600 12.4063Nifty ETF Dividend 06/05/2016 11.000000 11.000000 785.7878Select Focus Fund Direct-Dividend 30/09/2016 1.250000 1.250000 22.1186Select Focus Fund Dividend 30/09/2016 1.250000 1.250000 21.3488

half yearly portfolio of the schemes / plans as on 30

Documents