Kotak Focused Equity Fund

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1 Kotak Focused Equity Fund Get the edge of Select Focus A portfolio of maximum 30 high conviction stocks across market cap and sector which have potential to generate high returns over long term. An open ended equity scheme investing in maximum 30 stocks in large-cap, mid-cap and small-cap category th 30 September, 2020

2 About 1 The investment objective of the scheme is to generate long term capital appreciation/income by investing in equity & equity related instruments across market capitalization of up to 30 companies. 2

3 Equity Market Brief India Inc over the last 3 years has seen multiple shocks from demonetisation to key reforms like GST, RERA etc to credit freeze in aftermath of wholesale NBFC unable to get access to credit to current lockdown amidst the global supply and demand shock unleashed by Coronavirus. In the long journey of corporate India, these events almost seems like a big RESET button. A call to significantly change business practices, realign key business priorities in a changing landscape and massive consolidation across sectors. Covid19 while initial impact was localised to Chinese economy and therefore the supply shock given large export from China, the spread of virus globally now risks creating a demand shock as well. While global coordination of policy makers and containment of virus and improvement in drugs to counter will reduce the longer term impacts of this shock, near-term demand and supply chains remain frozen amidst a significant drop in economic activity. We are slowly emerging from lockdown to phases of unlocking the economy. Initially, demand trends are encouraging, however sustenance of these trends need to be maintained across most sectors, especially post the festive season While Indian government & RBI have announced few measures, we expect more measures to be announced given the unprecedented nature of events led by Covid 19. Amidst this uncertainty, Indian equities have seen seen significant moves (up and down) in recent times. While near term uncertainty induces volatility in asset prices, in the long run, wealth creation in equities is a function as how businesses can profitably grow over their cost of capital sustainably. Given the long-range of reforms introduced as well as likely relief measures by government & RBI, we believe longer-term prospects of Indian equities is quite encouraging and we would advise investors to benefit from volatility, as it manifests. India Inc earnings growth have been depressed last few years, while FY21 will see significant impact due to Covid induced lockdown, we expect earnings to improve sequentially and grow over the next few years. Time in the market is more important than timing the market - recently, markets volatility has moved up and investors can benefit from this volatility by focusing on disciplined investing and asset allocation. 3

4 Portfolio Action Equity markets globally have registered a strong pull back from the Covid lows, and are close to earlier peaks. Even India has followed a similar trend. This move has been on the back of abundant global liquidity, improvement in high frequency indicators and the hopes of a possible vaccine for COVID- 19. The high frequency economic indicators have improved in August and September after showing signs of plateauing out in July. Based on this, it appears that activity levels are improving though they are still not back to pre COVID levels and their progress would be the key to watch out for. The fund seeks to identify leaders over a longer term time frame and picks those companies which are gaining market share in their respective sectors. The focus is on businesses that are structurally strong and scalable and those that have low leverage, strong balance sheets and cash flows which are likely to bounce back faster in the currently uncertain environment. The fund has a multi-cap portfolio with investments in upto 30 stocks. The portfolio positioning is a balanced one with exposure both to defensive sectors like consumer and IT as well as domestic cyclicals like cement and industrials. Allocation to mid and small caps at present is ~26% of the portfolio. The Fund is over-weight the IT sector. Our view is that over the medium term, globally firms would focus on digital transformation and automation. This would provide an opportunity for Indian IT service providers especially those which have strong capabilities in the digital space. We remain cautious on the PSU banking and NBFC space. Within the BFSI sector, the fund is OW on large private sector banks, plays on digital payments and insurance companies. Gas utility companies, Cement, and Chemicals are the other key OW sectors in the fund. The fund has selective exposure to consumers keeping in mind the overall valuations in the space with preference for staples over large ticket discretionary consumption. Within the auto space the preference is for companies geared to rural demand. The approach to the pharma sector is stock specific in nature with preference for domestic formulations businesses and hospitals. The Fund is UW NBFCs, PSU Banks, metals 4

5 Sector Top 10 Sector % 9.98% Reliance Industries Ltd. Banks Software % Infosys Ltd. Petroleum Products Finance 8.52 Consumer Non Durables % 26.28% 7.22% HDFC Bank Ltd. Cement 6.47 Auto 5.95 Industrial Products 5.25 Large Cap Mid Cap 6.05% ICICI Bank Ltd. Gas 4.37 Construction Project % Tata Consultancy Services Ltd. REST % Others 3.70% Shree Cement Ltd. 3.62% Hindustan Unilever Ltd. 3.22% Britannia Industries Ltd. 3.18% Larsen And Toubro Ltd. 3.09% Alkem Laboratories Source: Internal, Data as on September 30,

6 Date * Performance (%) (as on 30th September, 2020) Since Inception Last 1 Year Last 3 Years Last 5 Years Systematic Investment Plan (SIP) If you had insvested Rs 10,000 every month Monthly SIP of Rs Inception date is 16/07/2019. Mr. Harish Krishnan & Ms. Shibani Kurian has been managing the fund since 16/07/2019. Different plans have different expense structure. The performance details provided herein are of regular plan. Nifty 200 TRI #(%)* Alpha Nifty 50 TRI ## (%)* (SIP Performance) (as on 30th September, 2020) Total amount invested (Rs) Total Value as on Sep 30, 2020 (Rs) Returns (%) Nifty 200 (TRI) Returns (%) Alpha* Nifty 200 (TRI) (Rs)# Nifty 50 (TRI) (Rs)^ Nifty 50 (TRI) Returns (%) Current Value of Standard Investment of `10000 in the #(`) #(`) Additional ## (`) ^Past performance may or may not be sustained in future.*all payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of `10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of. ## Name of Additional. Please refer page no. 7 for other schemes managed by Mr. Harish Krishnan & Ms. Shibani Kurain.*TRI - Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Index instead of Price Return Variant (PRI). Alpha is difference of scheme return with benchmark return. These materials are not intended for distribution to or use by any person in any jurisdictionwhere such distributionwould be contrary to local law or regulation. The distribution of this document in certain jurisdictions may be restricted or totally prohibited and accordingly, persons who come into possession of this document are required to inform themselves about, and to observe, any such restrictions Since Inception 10 years 7 years 5 years 3 years 1 year 150,000 NA NA NA NA 120, ,763 NA NA NA NA 126, NA NA NA NA NA NA NA NA NA NA NA NA ,015 NA NA NA NA 127, ,132 NA NA NA NA 126, NA NA NA NA Inception : - July 16,2019. The returns are calculated by XIRR approach assuming investment of `10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception. # ; ^ Additional TRI Total Return Index, In terms of SEBI circular dated January 4, 2018, the performance of the scheme is benchmarked to the Total Return variant (TRI) of the Index instead of Price Return Variant (PRI). The debt component of the index is TRI since inception. * All payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns >= 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Note: Point to Point (PTP) Returns in INR shows the value of 10,000/- investment made at inception. Source: ICRA MFI Explorer. # Name of. ## Name of Additional *. Alpha is difference of scheme return with benchmark return ,362 9,837 9, ,936 9,988 9,903 NA NA NA NA NA NA NA NA NA NA NA NA NA NA 6

7 Date Other Funds Managed by Mr. Harish Krishnan Kotak India Growth Fund - Series 5 - Growth Kotak Balanced Advantage Fund - Growth Kotak Equity Savings Fund - Growth Kotak Bluechip Fund - Growth 1 year 3 year 5 year * * * Since Inception * NA NA NA NA NA NA NA NA Kotak Infra.& Economic Reform Fund - Growth Kotak Pioneer Fund Since Kotak Pioneer Fund has not yet completed 1 year from Inception, the performance of the scheme is not disclosed. Mr. Harish Krishnan manages 7 funds of Kotak Mutual fund. Kotak India Growth Fund - Series 5 - Growth, *Name of the - Nifty 200 TRI, Inception date is 15/05/2018. Mr. Harish Krishnan has been managing the fund since 15/05/2018. Kotak Balanced Advantage Fund - Growth, *Name of the - NIFTY 50 Hybrid Composite Debt 50:50 Index. Inception date is 03/08/2018. Mr. Abhishek Bisen & Mr. Harish Krishnan has been managing the fund since 03/08/2018. Mr. Hiten Shah has been managing the fund since 03/10/2019. Kotak Equity Savings Fund - Growth, *Name of the - 75% NIFTY 50 Arbitrage + 25% Nifty 50 TRI, Inception date is 13/10/2014. Mr. Harish Krishnan has been managing the fund since 09/05/2019. Mr. Abhishek Bisen has been managing the fund since 17/09/2014. Mr. Hiten Shah has been managing the fund since 03/10/2019. Kotak Bluechip Fund - Growth (Erstwhile Kotak 50), *Name of the - Nifty 50 TRI, Inception date is 04/02/2003. Mr. Harish Krishnan has been managing the fund since 15/11/2013. Kotak Infrastructure and Economic Reform Fund - Growth, *Name of the - India Infrastructure Index (Customised Index by IISL), Inception date is 25/02/2008. Mr. Harish Krishnan has been managing the fund since 31/01/2015. Different plans have different expense structure. The performance details provided herein are of regular plan ^Past performance may or may not be sustained in future.*all payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns > = 1 year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Source: ICRA MFI Explorer. TRI Total Return Index. With effect from 1st February 2018, we are comparing the performances of the funds with the total return variant of the benchmark instead of the price return variant. Other Funds Managed by Ms. Shibani Kurian Date Kotak India Growth Fund Series 7 - Growth Kotak India EQ Contra Fund - Growth 1 year 3 year 5 year * * * Since Inception NA NA NA NA Ms. Shibani Kurian manages 3 funds of Kotak Mutual fund. Kotak IndiaGrowth Fund - Series7-Growth, *Name of the - Nifty 50 TRI, Inception date is 31/08/2018.Ms. Shibani Kurian has been managing the fund since 09/05/2019. Kotak India EQContra Fund - Growth (Erstwhile Classic Equity Fund), *Name of the - Nifty 100 TRI, Inception date is 27/07/2005.Ms. Shibani Kurian has been managing the fund since 09/05/2019. Different plans have different expense structure. The performance details provided herein are of regular plan ^Past performance may or may not be sustained in future.*all payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Returns>=1year: CAGR (Compounded Annualised Growth Rate). N.A stands for data not available. Source: ICRA MFI Explorer. TRI Total Return Index.With effect from 1st February 2018, we are comparing the performances of the funds with the total return variant of the benchmark instead of the price return variant. * 7

8 Low LOW Riskometer Low Moderately Moderate Moderately High High HIGH Investors understand that their principal will be at moderately high risk This product is suitable for investors who are seeking*: Long term capital growth Investment in equity & equity related securities across market capitalisation in maximum 30 stocks *Investors should consult their financial advisors if in doubt about whether the product is suitable for them. Facts AUM* (as on 30th September 2020) : Month end AUM Monthly Average AUM : Nifty 200 TRI th Launch Date : 16 July 2019 *Source: MFI Explorer. : `1, crs : `1, crs NAV (as on 30th September 2020) : Growth ` Direct Growth ` Dividend ` Direct Dividend ` Expense ratio:^ Regular Direct 2.12% 0.33% ^Total Expense Ratio includes applicable B30 fee and GST. Source: ICRA MFI Explorer. Portfolio Turn over: 47.58% Investment Amount : Minimum Investment: `5000 & in multiple of `1 for purchase and for ` 0.01 for switches Additional Investment: ` 1000 & multiples of `1 Disclaimer Structure : An open ended equity scheme investing in maximum 30 stocks in large-cap, mid-cap and small-cap category Load Structure : Entry Load: Nil Exit Load: I) For redemption / switch out of upto 10% of the initial investment amount (limit) purchased or switched or switched in with in 1 year from the date of allotment: Nil ii) If units redeemed or switched out are in excess of the limit with in 1 year from the date of allotment: 1% iii) If units redeemed or switched out on or after 1 year fromthe date of allotment: Nil iv) Any exit load charged (net off Goods and Services Tax, if any) shall be credited back to the respective. Units issued on reinvestment of dividends shall not be subject to entry and exit load. An open ended equity scheme investing in maximum 30 stocks in large-cap, mid-cap and small-cap category. Investment Objective: The investment objective of the scheme is to generate long term capital appreciation/income by investing in equity & equity related instruments across market capitalization of up to 30 companies. However, there is no assurance that the objective of the scheme will be realized. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Information Document (SID) and Statement of Additional Information (SAI) available on mutualfund.kotak.com Toll free number:

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