Kotak Mahindra Mutual Fund

Kotak Mahindra Mutual Fund
5A, 5th Floor, Bakhtawar, 229, Nariman Point, Mumbai 400 021
KEY INFORMATION MEMORANDUM & APPLICATION FORMS
CONTINUOUS OFFER: Units of all Schemes available at prices related to Applicable NAV
KOTAK 30 Kotak Mahindra 30 Unit Scheme
An Open-Ended Equity Growth Scheme Continuous Offer from 21-Jan-1999
KOTAK TAX SAVER Kotak Tax Saver Scheme

An Open-Ended Equity-Linked Savings Scheme Continuous Offer from 25-Nov-2005
KOTAK FLEXI DEBT Kotak Flexi Debt Scheme

An Open-Ended Debt Scheme Continuous Offer from 7-Dec-2004
KOTAK GLOBAL INDIA Kotak Mahindra Global India Scheme

An Open-Ended Equity Growth Scheme Continuous Offer from 3-Feb-2004
KOTAK LIFESTYLE FUND Kotak Lifestyle Fund

An Open-Ended Equity Growth Scheme Continuous Offer from 24-Mar-2006
KOTAK CASH PLUS Kotak Cash Plus

An Open-Ended Income Oriented Scheme Continuous Offer from 3-Oct-2005
KOTAK OPPORTUNITIES Kotak Opportunities

An Open-Ended Equity Growth Scheme Continuous Offer from 10-Sep-2004
KOTAK BALANCE Kotak Mahindra Balance Unit Scheme 99

An Open-Ended Balanced Scheme Continuous Offer from 29-Nov-1999
KOTAK FLOATER LONG TERM Kotak Floater Long Term Scheme

An Open-Ended Debt Scheme Continuous Offer from 16-Aug-2004
KOTAK MID-CAP Kotak Midcap Scheme

An Open-Ended Equity Growth Scheme Continuous Offer from 25-Feb-2005
KOTAK INCOME PLUS Kotak Mahindra Income Plus Scheme

An Open-Ended Income Scheme Continuous Offer from 3-Dec-2003
KOTAK FLOATER SHORT TERM Kotak Floater Short Term Scheme

An Open-Ended Debt Scheme Continuous Offer from 15-Jul-2003
KOTAK TECH Kotak Mahindra Technology Scheme

An Open-Ended Equity Growth Scheme Continuous Offer from 2-May-2000
KOTAK EQUITY FOF Kotak Equity FOF

An Open-Ended Equity Fund of Funds Scheme Continuous Offer from 10-Aug-2004
KOTAK LIQUID Kotak Mahindra Liquid Scheme

An Open-Ended Debt Scheme Continuous Offer from 6-Oct-2000
KOTAK MNC Kotak Mahindra MNC Scheme

An Open-Ended Equity Growth Scheme Continuous Offer from 2-May-2000
KOTAK BOND Kotak Mahindra Bond Unit Scheme 99

An Open-Ended Debt Scheme Continuous Offer from 29-Nov-1999
KOTAK GILT SAVINGS Kotak Mahindra Gilt Unit Scheme 98 (Savings Plan)
An Open-Ended Dedicated Gilts Scheme Continuous Offer from 5-Jan-1999
KOTAK CONTRA Kotak Contra Scheme

An Open-Ended Equity Growth Scheme Continuous Offer from 27-July-2005
KOTAK BOND SHORT TERM Kotak Mahindra Bond Unit Scheme 99 (Short Term Plan)
An Open-Ended Debt Scheme Continuous Offer from 3-May-2002
KOTAK GILT INVESTMENT Kotak Mahindra Gilt Unit Scheme 98 (Investment Plan)
An Open-Ended Dedicated Gilts Scheme Continuous Offer from 5-Jan-1999
THE SPONSOR
Kotak Mahindra Bank Ltd. 36-38A, Nariman Bhavan 227, Nariman Point, Mumbai 400 021
THE TRUSTEE
Kotak Mahindra Trustee Co. Ltd. 5A, 5th Floor, Bakhtawar 229, Nariman Point, Mumbai 400 021
THE ASSET MANAGEMENT COMPANY

Kotak Mahindra Asset Management Co. Ltd. 5A, 5th Floor, Bakhtawar 229, Nariman Point, Mumbai 400 021
This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the Scheme(s) / Mutual Fund, Due diligence certificate by the AMC, Key Personnel, Investors' rights & services, Risk Factors, Penalties & Pending Litigations, Associate Transactions, etc. investors should, before investment, refer to the Combined Offer Document / Offer Document(s) available free of cost at any of the Official Acceptance Points or distributors or from the website www.kotakmutual.com. The Scheme(s) particulars have been prepared in accordance with Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, as amended till date, and filed with Securities and Exchange Board of India (SEBI). The Units being offered for public subscription have not been approved or disapproved by SEBI, nor has SEBI certified the accuracy or adequacy of this KIM.
THE DATE OF THIS KEY INFORMATION MEMORANDUM IS APRIL 28, 2007.
Key Information Memorandum Equity Schemes

Name of Scheme Nature of Scheme Investment Objective Asset Allocation Pattern (Indicative Allocation) Risk Profile Options Dividend Policy Minimum Application and Redemption Amount / Number of Units Frequency Initial Purchase Additional Purchase Redemption
KOTAK MAHINDRA 30 UNIT SCHEME (KOTAK 30)
KOTAK MAHINDRA GLOBAL INDIA SCHEME (KOTAK GLOBAL INDIA)
An Open-Ended Equity Growth Scheme An Open-Ended Equity Growth Scheme To generate capital appreciation from a portfolio of To generate capital appreciation from a diversified portfolio predominantly equity and equity related securities with of predominantly equity and equity related securities issued investment in, generally, not more than 30 stocks. by Globally Competitive Indian Companies. Equity and Equity Debt and Money Equity and Equity Debt and Money Related Securities Market Securities Related Securities Market Securities 60% - 100% 0% - 40% 65% to 100% 0% to 35% Mutual Fund investments are subject to market risks. Please read the Offer Document(s) carefully for details on Risk Factors before investment. Growth, Dividend At Trustees discretion (For detailed Dividend Policy, please refer page no. 17) Rs. 5,000 Rs. 1,000 and above Rs. 1,000 or 100 units For valid applications accepted: up to 3 p.m. on a Business Day, the NAV of such Business Day after 3 p.m. on a Business Day, the NAV of the following Business Day. The Applicable NAVs will be as provided above even where the AMC or the Registrar has provided a facility to the investors to transact in the Schemes through the medium of Internet by logging onto specific websites or telephone and where investors have signed up for using these facilities. These applicable NAVs will also apply to Systematic Investment Plan (SIP), Systematic Withdrawal Plan (SWP) and Systematic Transfer Plan (STP). Initial Issue Expenses : Not Applicable Entry Load: [1] Where the purchase amount / switch in amount is equal to or more than Rs. 5 crores: Nil [2] Where the switch in is from an Equity / Balanced / Equity FOF Scheme to an Equity / Balanced / Equity FOF Scheme: Nil [3] Where investments are made by FIIs or sub a/c of FIIs: Nil [4] Where investments is made by Fund-of-Funds as defined under SEBI Regulations: Nil [5] Where units are allotted upon reinvestment of Dividends: Nil [6] Cases not covered above: 2.25% Exit Load: For exit within 6 months for investments less than Rs. 5 crores: 1% Cases not covered above : Nil 2.50% 2.29% 2.50% 2.37%
Applicable NAV (Continuous Offer) for Purchase / Switch / Redemption
Expenses of the Scheme New Fund Offering Period Continuous Offer
Load Structure
Estimated as per Recurring Offer Document Expenses (% p.a. of Daily Average Actual for previous Financial Year Net Assets) (Unaudited) Fund Manager(s) Benchmark Index Compounded Annualised Returns (%) Last 1 year Last 3 years Last 5 years Since Inception Inception Date Kotak 30 (Dividend Option) 9.37 37.58 40.82 30.14 29-Dec-1998
(For further details and limits specified by the Regulations, please refer page no. 17) Mr. Krishna Sanghvi S&P CNX Nifty Performance of the Schemes as on 30 March, 2007* S&P CNX Nifty 11.78 29.73 27.41 19.59 Kotak Global India (Growth Option) 6.96 39.08 34.70 30-Jan-2004 S&P CNX 500 8.42 29.70 14.40 Mr. Nikunj Doshi and Mr. Anurag Jain S&P CNX 500
* March 31, 2007 being a non-business day.
Returns assumed reinvestment of the tax free dividend declared Past Performance may or may not be sustained in future
(210mm x 297mm)

Name of Scheme Nature of Scheme Investment Objective
KOTAK OPPORTUNITIES
KOTAK MID-CAP SCHEME (KOTAK MID-CAP)
Asset Allocation Pattern (Indicative Allocation)
An Open-Ended Equity Growth Scheme An Open-Ended Equity Growth Scheme To generate capital appreciation from a diversified portfolio To generate capital appreciation from a diversified portfolio of equity and equity related securities. of equity and equity related securities. Equity and Equity Debt and Money Equity and Equity Debt and Related Securities Market Securities related instruments Money Market Securities 65% to 100% Midcap stocks Other than 0% to 35% Midcap stocks 65% to 95% 5% to 35% 65% to 100% 0% to 35% Mutual Fund investments are subject to market risks. Please read the Offer Document(s) carefully for details on Risk Factors before investment. Growth, Dividend At Trustees discretion (For detailed Dividend Policy, please refer page no. 17) Rs. 5,000 Rs. 1,000 and above Rs. 1,000 or 100 units
Risk Profile Options Dividend Policy Minimum Application and Redemption Amount / Number of Units Frequency Initial Purchase Additional Purchase Redemption
For valid applications accepted: up to 3 p.m. on a Business Day, the NAV of such Business Day Applicable NAV (Continuous Offer) for after 3 p.m. on a Business Day, the NAV of the following Business Day. The Applicable NAVs will be as provided above even where the AMC or the Registrar has provided a facility to the Purchase / Switch / Redemption investors to transact in the Schemes through the medium of Internet by logging onto specific websites or telephone and where investors have signed up for using these facilities.These applicable NAVs will also apply to Systematic Investment Plan (SIP), Systematic Withdrawal Plan (SWP) and Systematic Transfer Plan (STP). Expenses of the Scheme New Fund Offering Period Continuous Offer Initial Issue Expenses : Not Applicable Entry Load: [1] Where the purchase amount / switch in amount is equal to or more than Rs. 5 crores: Nil [2] Where the switch in is from an Equity / Balanced / Equity FOF Scheme to an Equity / Balanced / Equity FOF Scheme: Nil [3] Where investments are made by FIIs or sub a/c of FIIs: Nil [4] Where investments is made by Fund-of-Funds as defined under SEBI Regulations: Nil [5] Where units are allotted upon reinvestment of Dividends: Nil [6] Cases not covered above: 2.25% Exit Load: For exit within 6 months for investments less than Rs. 5 crores: 1% Cases not covered above : Nil Estimated as per Recurring Offer Document Expenses (% p.a. of Daily Average Actual for previous Net Assets) Financial Year (Unaudited) 2.50% 2.34% 2.50% 2.34%
Load Structure
(For further details and limits specified by the Regulations, please refer page no. 17) Fund Manager Benchmark Index S&P CNX 500 Performance of the Growth Option of the Schemes as on 30 March, 2007* Compounded Annualised Returns (%) Last 1 year Since Inception Inception Date Kotak Opportunities 9.75 49.55 9-Sep-2004 S&P CNX 500 8.42 37.36 Kotak Mid-cap -1.63 35.84 24-Feb-2005 CNX Mid-Cap 2.91 45.10 Mr. Nikunj Doshi CNX Mid-Cap
*Absolute Returns
Past Performance may or may not be sustained in future
(210mm x 297mm)

Name of Scheme Nature of Scheme Investment Objective Asset Allocation Pattern (Indicative Allocation) Risk Profile Option Dividend Policy Minimum Application and Redemption Amount / Number of Units Frequency Initial Purchase Additional Purchase Redemption
KOTAK MAHINDRA TECHNOLOGY SCHEME (KOTAK TECH)
KOTAK MAHINDRA MNC SCHEME (KOTAK MNC)
An Open-Ended Equity Growth Scheme An Open-Ended Equity Growth Scheme To generate capital appreciation from a portfolio of To generate capital appreciation from a portfolio of predominantly equity and equity related securities in the predominantly equity and equity related securities issued by information technology sector. multinational companies. Equity and Equity Debt and Money Equity and Equity Debt and Money Related Securities Market Securities Related Securities Market Securities 60% - 100% 0% - 40% 60% - 100% 0% - 40% Mutual Fund investments are subject to market risks. Please read the Offer Document(s) carefully for details on Risk Factors before investment. At Trustees discretion (For detailed Dividend Policy, please refer page no. 17) Rs. 5,000 Rs. 1,000 and above Rs. 1,000 or 100 units
For valid applications accepted: up to 3 p.m. on a Business Day, the NAV of such Business Day after 3 p.m. on a Business Day, the NAV of the following Business Day. Applicable NAV (Continuous Offer) for The Applicable NAVs will be as provided above even where the AMC or the Registrar has provided a facility to the Purchase / Switch / Redemption investors to transact in the Schemes through the medium of Internet by logging onto specific websites or telephone and where investors have signed up for using these facilities. These applicable NAVs will also apply to Systematic Investment Plan (SIP), Systematic Withdrawal Plan (SWP) and Systematic Transfer Plan (STP) Expenses of the Scheme New Fund Offering Period Continuous Offer Initial Issue Expenses : Not Applicable Entry Load: [1] Where the purchase amount / switch in amount is equal to or more than Rs. 5 crores: Nil [2] Where the switch in is from an Equity / Balanced / Equity FOF Scheme to an Equity / Balanced / Equity FOF Scheme: Nil [3] Where investments are made by FIIs or sub a/c of FIIs: Nil [4] Where investments is made by Fund-of-Funds as defined under SEBI Regulations: Nil [5] Where units are allotted upon reinvestment of Dividends: Nil [6] Cases not covered above: 2.25% Exit Load: For exit within 6 months for investments less than Rs. 5 crores: 1% Cases not covered above : Nil Recurring Expenses (% p.a. of Daily Average Net Assets) Estimated as per Offer Document Actual for previous Financial Year (Unaudited) 2.25% 2.25% 2.50% 2.50%
Load Structure
(For further details and limits specified by the Regulations, please refer page no. 17) Fund Managers Benchmark Index Compounded Annualised Returns (%) Last 1 year Last 3 years Last 5 years Since Inception Inception Date Kotak Tech 21.93 36.77 27.68 0.31 4-April-2000 BSE IT Index Mr. Nikunj Doshi and Mr. Anurag Jain BSE Sensex and S&P CNX Nifty BSE Sensex 15.61 33.29 30.17 15.79 S&P CNX Nifty 11.78 29.73 27.41 15.12
Performance of the Schemes as on 30 March, 2007* BSE IT Index Kotak MNC 20.40 41.70 24.82 -0.01 -8.29 31.75 31.97 18.21 4-April-2000
(210mm x 297mm)

KOTAK CONTRA SCHEME (KOTAK CONTRA)

An Open-Ended Equity Growth Scheme To generate capital appreciation from a diversified portfolio of equity and equity related instruments. Equity and Equity related Securities Debt and Money Market Securities* 0% to 35%
65% to 100%
*Debt securities/instruments are deemed to include securitised debt and investment in securitised debt will not exceed 50% of the debt portion. Risk Profile Options Dividend Policy Frequency Mutual Fund Investments are subject to market risks. Please refer the Offer Document carefully for details on risk factors before investment. Growth, Dividend At Trustees discretion (For detailed Dividend Policy, please refer page no. 17) Initial Purchase (Non-SIP) Rs. 5,000 Minimum Additional Purchase (Non-SIP) Rs. 1,000 and above Application and Redemption Redemption Rs. 1,000 or 100 units Amount / Number If the holding is less than Rs. 1000 or 100 Units, the entire balance will be redeemed as and when redemption request of Units is received from the investor. For the purpose of all purchase, redemption and switch transactions, the Applicable NAV is as follows: For Valid Applications accepted : l upto 3 p.m. on a Business Day, the NAV of such Business Day Applicable NAV (Continuous Offer) for l after 3 p.m. on a Business Day, the NAV of the following Business Day Purchase / Switch / Redemption The Applicable NAVs will be as provided above even where the AMC or the Registrar has provided a facility to investors to transact in the Scheme through the medium of Internet by logging onto specific websites or telephone and where investors have signed up for using these facilities. These applicable NAVs will also apply to Systematic Investment Plan (SIP), Systematic Withdrawal Plan (SWP) and Systematic Transfer Plan (STP) Expenses of the Scheme New Fund Offering Period Continuous Offer Initial Issue Expenses : Not Applicable Entry Load: [1] Where the purchase amount / switch in amount is equal to or more than Rs. 5 crores: Nil [2] Where the switch in is from an Equity / Balanced / Equity FOF Scheme to an Equity / Balanced / Equity FOF Scheme: Nil [3] Where investments are made by FIIs or sub a/c of FIIs: Nil [4] Where investments is made by Fund-of-Funds as defined under SEBI Regulations: Nil [5] Where units are allotted upon reinvestment of Dividends: Nil [6] Cases not covered above: 2.25% Exit Load: For exit within 6 months for investments less than Rs. 5 crores: 1% Cases not covered above : Nil Estimated as per Offer Document Actual for previous Financial Year (Unaudited) 2.50% 2.36% (For further details and limits specified by the Regulations, please refer page no. 17) Mr. Nikunj Doshi and Mr. Anurag Jain S&P CNX 500 Performance of the Scheme as on 30 March, 2007* Compounded Annualised Returns (%) Last 1 year Last 3 years Last 5 years Since Inception Inception Date * March 31, 2007 being a non-business day. Kotak Contra 0.84 19.07 29-Jul-2005 S&P CNX 500 8.42 30.11
Load Structure
Recurring Expenses (% p.a. of Daily Average Net Assets) Fund Managers Benchmark Index
(210mm x 297mm)

KOTAK TAX SAVER SCHEME (KOTAK TAX SAVER)

An Open-Ended Equity-Linked Savings Scheme To generate long-term capital appreciation from a diversified portfolio of equity and equity related securities and enable investors to avail the income tax rebate, as permitted from time to time. Equity and Equity related Securities 80% to 100% Debt and Money Market Securities* 0% to 20%
*Debt securities shall be deemed to include securitised debts (excluding foreign securitised debt) and investment in securitised debts shall not exceed 50% of the debt component of the Scheme. Investments may be made in foreign debt securities not exceeding 20% of the debt component of the Scheme. However, investments made in foreign debt securities would not include investment in foreign securitised debt. Investments may be made in GDRs/ADRs not exceeding 20% of net assets of the Scheme. The Scheme may engage in stock lending not exceeding 20% of the net assets of the Scheme. Mutual Fund Investments are subject to market risks. Please refer the Offer Document carefully for details on risk factors before investment. Growth, Dividend
Risk Profile Options Dividend Policy Frequency Initial Purchase Additional Purchase Redemption (after expiry of lock in period of 3 years)
At Trustees discretion (For detailed Dividend Policy, please refer page no. 17) Rs. 500 and in multiples of Rs. 500 Rs. 500 and in multiples of Rs. 500 Rs. 1000 or all Units if the amount is less than Rs. 1000
Minimum Application and Redemption Amount / Number of Units
For the purpose of all purchases and switch-ins, redemptions and switch-outs (after expiry of lock-in period of 3 years), the Applicable NAV is as follows: For Valid Applications accepted : Applicable NAV (Continuous Offer) l upto 3 p.m. on a Business Day, the NAV of such Business Day for Purchase / Switch / Redemption l after 3 p.m. on a Business Day, the NAV of the following Business Day (Switch-out and Redemption available Further, where the AMC or the Registrar has provided a facility to the investors to redeem/switch-in/switch-out of the after expiry of lock in period of Scheme through the medium of Internet by logging onto specific web-sites or telephone and where investors have 3 years) signed up for using these facilities, the Applicable NAVs will be as provided above. These Applicable NAVs will also apply to Systematic Investment Plan, Systematic Withdrawal Plan and Systematic Transfer Plan. Expenses of the Scheme New Fund Offering Period Continuous Offer Initial Issue Expenses : Not Applicable Entry Load: [1] Where the purchase amount / switch in amount is equal to or more than Rs. 5 crores: Nil [2] Where the switch in is from an Equity / Balanced / Equity FOF Scheme to an Equity / Balanced / Equity FOF Scheme: Nil [3] Where investments are made by FIIs or sub a/c of FIIs: Nil [4] Where investments is made by Fund-of-Funds as defined under SEBI Regulations: Nil [5] Where units are allotted upon reinvestment of Dividends: Nil [6] Cases not covered above: 2.25% Exit Load: Nil 2.50% 2.37% (For further details and limits specified by the Regulations, please refer page no. 17) Mr. Nikunj Doshi S&P CNX 500 Performance of the Scheme as on 30 March, 2007* Compounded Annualised Returns (%) Last 1 year Last 3 years Last 5 years Since Inception Inception Date * March 31, 2007 being a non-business day. Kotak Tax Saver 8.08 27.13 23-Nov-2005 S&P CNX 500 8.42 27.98
Load Structure Recurring Expenses (% p.a. of Daily Average Net Assets) Fund Manager Benchmark Index Estimated as per Offer Document Actual for previous Financial Year (Unaudited)
(210mm x 297mm)

KOTAK LIFESTYLE FUND

An Open-Ended Equity Growth Scheme The investment objective of the fund is to generate long-term capital appreciation from a portfolio of equity and equity related securities, generally diversified across companies, which are likely to benefit by changing lifestyle and rising consumerism in India. Equity and Equity related Securities* 65% to 100% * Debt & Money Market Instruments ** 0% to 35% Securitised Debt 0% to 18%
If permitted by SEBI under extant regulations/guidelines, the scheme may also engage in stock lending, not exceeding 20% of the net assets of the Scheme, provided the minimum corpus of the scheme is Rs.100 Crores. The scheme may upto 25% of net assets invest in ADR/GDRs and foreign equity securities, subject to applicable regulations. ** Debt instruments shall include investments in Foreign Debt Securities not exceeding 25% of the net assets of the debt component. However, no investments will be made in foreign securitised debt. From time to time the Scheme may hold cash. Investments will also be made in derivative instruments not exceeding 25% of the net assets of the Scheme. Mutual Fund Investments are subject to market risks. Please refer the Offer Document carefully for details on risk factors before investment. Growth, Dividend
Risk Profile Options Dividend Policy Minimum Application and Redemption Amount / Number of Units Frequency Initial Purchase Additional Purchase Redemption
At Trustees discretion (For detailed Dividend Policy, please refer page no. 17) Rs. 5,000 Rs. 1,000 and above Rs. 1,000 or 100 units If the holding is less than Rs. 1000 or 100 Units, the entire balance will be redeemed as and when redemption request is received from the investor. For the purpose of all purchase, redemption and switch transactions, the Applicable NAV is as follows: For Valid Applications accepted : l upto 3 p.m. on a Business Day, the NAV of such Business Day l after 3 p.m. on a Business Day, the NAV of the following Business Day Further, where the AMC or the Registrar has provided a facility to the investors to redeem/switch-in/switch-out of the Scheme through the medium of Internet by logging onto specific web-sites or telephone and where investors have signed up for using these facilities, the Applicable NAVs will be as provided above. These Applicable NAVs will also apply to Systematic Investment Plan, Systematic Withdrawal Plan and Systematic Transfer Plan.
Applicable NAV (Continuous Offer) for Purchase / Switch / Redemption
Expenses of the Scheme Initial Issue Expenses : Not Applicable New Fund Offering Period Entry Load: Continuous Offer [1] Where the purchase amount / switch in amount is equal to or more than Rs. 5 crores: Nil [2] Where the switch in is from an Equity / Balanced / Equity FOF Scheme to an Equity / Balanced / Equity FOF Scheme: Nil [3] Where investments are made by FIIs or sub a/c of FIIs: Nil [4] Where investments is made by Fund-of-Funds as defined under SEBI Regulations: Nil [5] Where units are allotted upon reinvestment of Dividends: Nil [6] Cases not covered above: 2.25% Exit Load: For exit within 6 months for investments less than Rs. 5 crores: 1% Cases not covered above : Nil Recurring Expenses (% p.a. of Daily Average Net Assets) Fund Manager Benchmark Index Compounded Annualised Returns (%) Last 1 year Since Inception Inception Date * March 31, 2007 being a non-business day. Kotak Lifestyle Fund 13.17 14.42 21-Mar-2006 Estimated as per Offer Document Actual for previous Financial Year (Unaudited) 2.50% 2.19%
Load Structure
(For further details and limits specified by the Regulations, please refer page no. 17) Mr. Nikunj Doshi S&P CNX 500 Performance of the Scheme as on 30 March, 2007* S&P CNX 500 8.42 14.40
(210mm x 297mm)
Key Information Memorandum Hybrid Schemes

Name of Scheme Nature of Scheme Investment Objective Asset Allocation Pattern (Indicative Allocation)
KOTAK MAHINDRA BALANCE UNIT SCHEME 99 (KOTAK BALANCE)
KOTAK MAHINDRA INCOME PLUS SCHEME (KOTAK INCOME PLUS)
Risk Profile Options

Frequency Record Date(s)
An Open-Ended Balanced Scheme An Open-Ended Income Scheme To achieve growth by investing in equity and equity related To enhance returns over a portfolio of debt instruments with instruments, balanced with income generation by investing in a moderate exposure in equity and equity related instruments. debt and money market instruments. Equity and Equity Debt and Money Debt and Money Equity and Equity Related Instruments Market Instruments Market Instruments Related Instruments 51% 49% Upto 100% Upto 20% However, the equity exposure can vary between 50% and 70% of the net assets of the Scheme. If the exposure falls below the said lower limit or exceeds the upper limit, it will be restored within seven (7) Business Days. Mutual Fund investments are subject to market risks. Please read the Offer Document(s) carefully for details on Risk Factors before investment. Growth, Dividend Half Yearly Monthly, Quarterly 25th March and 25th of September every year. 12th of every month (Monthly Dividend Option), 20th of March, June, September and December (Quarterly Dividend Option). (For detailed Dividend Policy, please refer page no. 17) Rs. 5,000 Rs. 1,000 and above Rs. 1,000 or 100 units
Dividend Policy Minimum Application and Redemption Amount / Number of Units

Initial Purchase Additional Purchase Redemption
For valid applications accepted: up to 3 p.m. on a Business Day, the NAV of such Business Day Applicable NAV (Continuous Offer) for after 3 p.m. on a Business Day, the NAV of the following Business Day. The Applicable NAVs will be as provided above even where the AMC or the Registrar has provided a facility to the investors Purchase / Switch / Redemption to transact in the Schemes through the medium of Internet by logging onto specific websites or telephone and where investors have signed up for using these facilities. These applicable NAVs will also apply to Systematic Investment Plan (SIP), Systematic Withdrawal Plan (SWP) and Systematic Transfer Plan (STP)
Expenses of the Scheme New Fund Offering Period

Continuous Offer
Initial Issue Expenses : Not Applicable Entry Load: NIL Entry Load: [1] Where the purchase amount / switch in amount is equal to or more than Rs. 5 crores: Nil [2] Where the switch in is from an Equity / Balanced / Equity FOF Scheme to an Equity / Balanced / Equity FOF Scheme: Nil [3] Where investments are made by FIIs or sub a/c of FIIs: Nil [4] Where investments is made by Fund-of-Funds as defined under SEBI Regulations: Nil [5] Where units are allotted upon reinvestment of Dividends: Nil [6] Cases not covered above: 2.25%
Load Structure
Exit Load: Exit Load: For exit within 6 months for investments less than Rs. For investments upto Rs. 10 Lacs : 0.50%, if redeemed 5 crores: 1% within six months Cases not covered above : Nil For investments above Rs. 10 Lacs : NIL
Recurring Expenses (% p.a. of Daily Average Net Assets)
Estimated as per Offer Document Actual for previous Financial Year (Unaudited)
2.50% 2.44%
2.25% 2.21%
(For further details and limits specified by the Regulations, please refer page no. 17)
Fund Managers Benchmark Index

Compounded Annualised Returns (%) Last 1 year Last 3 years Last 5 years Since Inception Inception Date Kotak Balance 2.84 27.56 27.02 18.71 25-Nov-1999
Mr. Krishna Sanghvi and Mr. Ritesh Jain CRISIL Balanced Fund Index Performance of the Schemes as on 30 March, 2007* CRISIL Balanced Fund Index 10.37 18.03 18.91 Kotak Income Plus (Growth Option) 3.72 8.23 8.15 2-Dec-2003 CRISIL MIP Blended Index 5.67 6.33 6.79% CRISIL MIP Blended Index
(210mm x 297mm)
Key Information Memorandum Fund of Funds Scheme

Name of Scheme Nature of Scheme Investment Objective Asset Allocation Pattern (Indicative Allocation) Risk Profile Options Dividend Policy Minimum Application and Redemption Amount / Number of Units Frequency
KOTAK EQUITY FOF

An Open-Ended Equity Fund of Funds Scheme To generate long term capital appreciation from a portfolio created by investing predominantly in open-ended diversified equity schemes of Mutual Funds registered with SEBI. Inter bank call and / or reverse repo and/or short term Open-Ended Diversified fixed deposits and / or schemes which invest predominantly Equity Schemes in money market or floating rate securities 0% to 10% 90% to 100% Mutual Fund investments are subject to market risks. Please read the Offer Document(s) carefully for details on Risk Factors before investment. Growth, Dividend At Trustees discretion (For detailed Dividend Policy, please refer page no. 17) Rs. 5,000 Rs. 1,000 and above
Rs. 1,000 or 100 units For valid applications accepted: up to 3 p.m. on a Business Day, the NAV of such Business Day after 3 p.m. on a Business Day, the NAV of the following Business Day. Applicable NAV (Continuous Offer) for The Applicable NAVs will be as provided above even where the AMC or the Registrar has provided a facility to the investors to transact in the Schemes through the medium of Internet by logging onto specific websites or telephone Purchase / Switch / Redemption and where investors have signed up for using these facilities.These applicable NAVs will also apply to Systematic Investment Plan (SIP), Systematic Withdrawal Plan (SWP) and Systematic Transfer Plan (STP). Expenses of the Scheme New Fund Offering Period Continuous Offer Initial Issue Expenses : Not Applicable Entry Load: [1] Where the purchase amount / switch in amount is equal to or more than Rs. 5 crores: Nil [2] Where the switch in is from an Equity / Balanced / Equity FOF Scheme to an Equity / Balanced / Equity FOF Scheme: Nil [3] Where investments are made by FIIs or sub a/c of FIIs: Nil [4] Where investments is made by Fund-of-Funds as defined under SEBI Regulations: Nil [5] Where units are allotted upon reinvestment of Dividends: Nil [6] Cases not covered above: 2.25% Exit Load: For exit within 6 months for investments less than Rs. 5 crores: 1% Cases not covered above : Nil Recurring Expenses (% p.a. of Daily Average Net Assets) Fund Manager Benchmark Index Compounded Annualised Returns (%) Last 1 year Since Inception Inception Date * March 31, 2007 being a non-business day. Kotak Equity FOF 6.03 39.65 9-Aug-2004 Estimated as per Offer Document Actual for previous Financial Year (Unaudited) 0.75% 0.75%
Load Structure
(For further details and limits specified by the Regulations, please refer page no. 17) Mr. Sajit Pisharodi S&P CNX Nifty Performance of the Growth Option of the Scheme as on 30 March, 2007* S&P CNX Nifty
11.78 37.72
(210mm x 297mm)
Key Information Memorandum Debt Scheme

Name of Scheme Nature of Scheme Plans Investment Objective Asset Allocation Pattern (Indicative Allocation) Deposit
KOTAK MAHINDRA BOND UNIT SCHEME 99 (KOTAK BOND)

An Open-Ended Debt Scheme Regular To create a portfolio of debt instruments of different maturities so as to spread the risk across a wide maturity horizon and different kinds of issuers in the debt markets. Debt instruments with maturity more than one year 25% to 100% Debt and Money Market instruments with maturity less than one year 10% to 100% Debt instruments with maturity more than one year 25% to 100% Debt and Money Market instruments with maturity less than one year 10% to 100%
Debt instruments are deemed to include securitised debt and investment in securitised debt shall not exceed 50% of the net assets of the Scheme. Risk Profile Options Dividend Policy Frequency Record Date(s) Mutual Fund investments are subject to market risks. Please read the Offer Document(s) carefully for details on Risk Factors before investment. Growth and Dividend Quarterly Growth, Dividend and Bonus Quarterly, Annual
20th of March, June, September and December of every 20th of March, June, September and December of every year. year (Quarterly Dividend Option); 12th of March of every year (Annual Dividend Option) (For detailed Dividend Policy, please refer page no. 17)
Minimum Application and Additional Purchase Redemption Amount / Number of Units Redemption
Initial Purchase
Rs. 5,000 Rs. 1,000 and above Rs. 1,000 or 100 units
For valid applications accepted: up to 3 p.m. on a Business Day, the NAV of such Business Day after 3 p.m. on a Business Day, the NAV of the following Business Day. Applicable NAV (Continuous Offer) for The Applicable NAVs will be as provided above even where the AMC or the Registrar has provided a facility to the investors Purchase / Switch / Redemption to transact in the Schemes / Plans through the medium of Internet by logging onto specific websites or telephone and where investors have signed up for using these facilities.These applicable NAVs will also apply to Systematic Investment Plan (SIP), Systematic Withdrawal Plan (SWP) and Systematic Transfer Plan (STP).
Expenses of the Scheme New Fund Offering Period Continuous Offer Load Structure Estimated as per Offer Document Actual for previous Financial Year (Unaudited) Entry Load : NIL Initial Issue Expenses : Not Applicable Entry Load : NIL Exit Load : For investments upto Rs. 10 Lacs : 0.50%, if Exit Load : NIL redeemed within six months. For investments above Rs. 10 Lacs : NIL 2.25% 0.89% 1.65% 0.89%
(For further details and limits specified by the Regulations, please refer page no. 17) Fund Manager Benchmark Index Mr. Ritesh Jain CRISIL Composite Bond Fund Index Performance of the Growth Option of the Schemes as on 30 March, 2007* Compounded Annualised Returns (%) Last 1 year Last 3 years Last 5 years Since Inception Inception Date * March 31, 2007 being a non-business day. Kotak Bond Deposit Plan 5.24 3.49 6.18 8.81 25-Nov-1999 CRISIL Composite Bond Fund Index 3.68 2.40 5.29 Kotak Bond Regular Plan 6.74 4.32 6.92 9.57 25-Nov-1999 CRISIL Composite Bond Fund Index 3.68 2.40 5.29
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Key Information Memorandum Debt Schemes

Name of Scheme Nature of Scheme Plan Investment Objective
KOTAK MAHINDRA BOND UNIT SCHEME 99 (KOTAK BOND)

An Open-Ended Debt Scheme Short Term To provide reasonable returns and high level of liquidity by investing in debt and money market instruments of different maturities, so as to spread the risk across different kinds of issuers in the debt market. Debt and Money Debt instruments Market instruments with with maturity maturity up to 1 year above 1 year 50% to 100% 0% to 50%
KOTAK FLEXI DEBT SCHEME

An Open Ended Debt Scheme The investment objective of the Scheme is to maximise returns through an active management of a portfolio of debt and money market securities. Debt Instruments with Debt and Money Market maturity more than one Instruments with maturity less than one year year 5% to 100% 0% to 95%
Debt instruments are deemed to include securitised debt and investment in securitised debt shall not exceed 50% of the net assets of the Scheme. Risk Profile Options Dividend Policy Frequency Record Date(s) Mutual Fund investments are subject to market risks. Please read the Offer Document(s) carefully for details on Risk Factors before investment. Growth, Dividend Re-investment Monthly 12th of every month Growth, Dividend Quarterly, Daily 20th of March, June, September and December of every year (Quarterly Dividend Option); Everyday for which NAV is declared (Daily Dividend Option)
(For detailed Dividend Policy, please refer page no. 17) Minimum Application and Redemption Amount / Number of Units Initial Purchase Additional Purchase Redemption Rs. 5,000 Rs. 1,000 and above Rs. 1,000 or 100 units
For valid applications accepted: up to 3 p.m. on a Business Day, the NAV of such Business Day Applicable NAV (Continuous Offer) for after 3 p.m. on a Business Day, the NAV of the following Business Day. Purchase / Switch / Redemption The Applicable NAVs will be as provided above even where the AMC or the Registrar has provided a facility to the investors to transact in the Schemes through the medium of Internet by logging onto specific websites or telephone and where investors have signed up for using these facilities.These applicable NAVs will also apply to Systematic Investment Plan (SIP), Systematic Withdrawal Plan (SWP) and Systematic Transfer Plan (STP). Expenses of the Scheme New Fund Offering Period Continuous Offer Load Structure Initial Issue Expenses : Not Applicable Entry Load : NIL Entry Load : NIL Exit Load : For investments < Rs. 2 crores : Exit Load : NIL For Redemptions / Switch-out within 6 months : 1% For Redemptions / Switch-out after 6 months upto 1 year : 0.50% For Redemption after 1 year : Nil. For investments > Rs. 2 crores : Nil 1.50% 0.61% 2.25% 0.50%
Estimated as per Recurring Offer Document Expenses (% p.a. of Daily Average Actual for previous Financial Year Net Assets) (Unaudited) Fund Manager(s) Benchmark Index Compounded Annualised Returns (%) Last 1 year Last 3 years Since Inception Inception Date Kotak Bond Short Term Plan 7.00 5.72 6.25 2-May-2002
(For further details and limits specified by the Regulations, please refer page no. 17) Mr. Ritesh Jain and Mr. Abhishek Bisen CRISIL Short Term Bond Fund Index CRISIL Short Term Bond Fund Index* 5.70 4.19 5.15 Kotak Flexi Debt Scheme 7.60 6.76 6-Dec-2004 Mr. Ritesh Jain CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index 3.68 4.01
Performance of the Growth Option of the Schemes as on 30 March, 2007*
*Benchmark effective from October 1, 2005
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Key Information Memorandum Debt Scheme

KOTAK CASH PLUS FUND (KOTAK CASH PLUS)

An Open-Ended Income Oriented Scheme The investment objective of the scheme is to generate income from investment in debt and money market securities and by availing arbitrage opportunities between prices of spot and derivatives markets. Investments Debt and Money Market instruments (including margin money deployed for defensive transactions) Debt instruments (with a maturity of more than one year) Indicative Allocation 30% to 100% 0% to 10% 0% to 70% 0% to 25%
Asset Allocation Pattern (Indicative Allocation) Risk Profile Options Dividend Policy Frequency Record Date(s) Initial Purchase (Non-SIP) Additional Purchase (Non-SIP) Redemption
Equity combined with sale in futures market Securitised Debt
Mutual Fund Investments are subject to market risks. Please refer the Offer Document carefully for details on risk factors before investment. Growth, Dividend At Trustees discretion Monthly (For detailed Dividend Policy, please refer page no. 17) Rs. 5,000 Rs. 1,000 Rs.1,000 or 100 units If the holding is less than Rs. 1000 or 100 Units, the entire balance will be redeemed as and when redemption request is received from the investor.
For the purpose of all purchase, redemption and switch transactions, the Applicable NAV is as follows: For Valid Applications accepted : l upto 3 p.m. on a Business Day, the NAV of such Business Day Applicable NAV (Continuous Offer) for l after 3 p.m. on a Business Day, the NAV of the following Business Day Purchase / Switch / Redemption Further, where the AMC or the Registrar has provided a facility to the investors to redeem/switch-in/switch-out of the Scheme through the medium of Internet by logging onto specific web-sites or telephone and where investors have signed up for using these facilities, the Applicable NAVs will be as provided above. These Applicable NAVs will also apply to Systematic Investment Plan, Systematic Withdrawal Plan and Systematic Transfer Plan. Expenses of the Scheme Load Structure New Fund Offering Period Continuous Offer Recurring Expenses (% p.a. of Daily Average Net Assets) Fund Managers Benchmark Index Estimated as per Offer Document Actual for previous inancial Year (Unaudited) Initial Issue Expenses : Not Applicable Entry Load : NIL Exit Load : 0.5% if redeemed within 30 days from the date of allotment of units. 2.25% 1.00% (For further details and limits specified by the Regulations, please refer page no. 17) Mr. Ritesh Jain and Mr. Sajit Pisharodi Crisil Liquid Fund Index Performance of the Scheme as on 30 March, 2007* Compounded Annualised Returns (%) Last 1 year Since Inception Inception Date * March 31, 2007 being a non-business day. Kotak Cash Plus Fund 8.34 7.62 29-Sept.-2005 Crisil Liquid Fund Index 6.39 5.15
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Key Information Memorandum Debt / Liquid Schemes

KOTAK FLOATER LONG TERM SCHEME

An Open-Ended Debt Scheme To reduce the interest rate risk associated with investments in fixed rate instruments by investing predominantly in floating rate securities, money market instruments and using appropriate derivatives. Floating Rate Debt securities &/or money market instruments, other debt securities with outstanding maturity of upto 182 days Fixed Rate Debt Securities
KOTAK FLOATER SHORT TERM SCHEME

An Open-Ended Debt Scheme To reduce the interest rate risk associated with investments in fixed rate instruments by investing predominantly in floating rate securities, money market instruments and using appropriate derivatives. Floating Rate Debt securities &/or money market instruments, other debt securities with outstanding maturity of upto 182 days Fixed Rate Debt Securities
Risk Profile Options Dividend Policy Frequency Record Date(s)
65% to 100% 0% to 35% 65% to 100% 0% to 35% Mutual Fund investments are subject to market risks. Please read the Offer Document(s) carefully for details on Risk Factors before investment. Growth, Weekly Dividend Re-investment, Monthly Dividend Re-investment Weekly, Monthly Every Monday (Weekly Dividend Re-investment Option), 12th of every month (Monthly Dividend Re-investment Option) (For detailed Dividend Policy, please refer page no. 17)
Rs. 5,000 Rs. 1,000 and above Rs. 1,000 or 100 units Purchases / Switch-In: a) where the application is received upto 12.00 noon on a day and funds are available for utilization on the same day the closing NAV of the day immediately preceding the day of receipt of application; b) where the application is received after 12.00 noon on a day and funds are available for utilization on the same day the closing NAV of the day immediately preceding the next business day ; and c) irrespective of the time of receipt of application, where the funds are not available for utilization on the day of the application the closing NAV of the day immediately preceding the day on which the funds are available for utilization. Redemption / Switch-Out: a) where the application is received upto 3.00 pm the closing NAV of the day immediately preceding the next business day ; and b) where the application is received after 3.00 pm the closing NAV of the next business day.
For valid applications accepted: up to 3 p.m. on a Business Day, the NAV of such Applicable NAV (Continuous Offer) for Business Day. Purchase / Switch / Redemption after 3 p.m. on a Business Day, the NAV of the f o l l o w i n g Business Day.
The Applicable NAVs will be as provided above even where the AMC or the Registrar has provided a facility to the investors to transact in the Schemes through the medium of Internet by logging onto specific websites or telephone and where investors have signed up for using these facilities. These applicable NAVs will also apply to Systematic Investment Plan (SIP), Systematic Withdrawal Plan (SWP) and Systematic Transfer Plan (STP). Expenses of the Scheme New Fund Offering Period Continuous Offer Load Structure Initial Issue Expenses : Not Applicable Entry Load : NIL Entry Load : NIL Exit Load : Exit Load : NIL For investments upto Rs. 10 Lacs : 0.50%, if redeemed within six months For investments above Rs. 10 Lacs : NIL 2.25% 0.60% 2.25% 0.36%
Estimated as per Offer Document Actual for previous Financial Year (Unaudited)
(For further details and limits specified by the Regulations, please refer page no. 17) Fund Managers Benchmark Index Mr. Ritesh Jain and Mr. Abhishek Bisen Mr. Ritesh Jain and Mr. Deepak Agrawal CRISIL Liquid Fund Index Performance of the Growth Option of the Schemes as on 30 March, 2007* CRISIL Liquid Fund Index 6.39 5.30 Kotak Floater Short Term 7.09 5.87 5.76 14-July-2003 CRISIL Liquid Fund Index 6.39 5.13 4.93
Compounded Annualised Kotak Floater Returns (%) Long Term Last 1 year 7.08 Last 3 years Since Inception 6.04 Inception Date 13-Aug-2004 * March 31, 2007 being a non-business day.
*Absolute Returns
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Key Information Memorandum Liquid Scheme

Name of Scheme Nature of Scheme Plan Investment Objective Asset Allocation Pattern (Indicative Allocation) Risk Profile Options Frequency Dividend Policy Record Date(s)
KOTAK MAHINDRA LIQUID SCHEME (KOTAK LIQUID)

An Open-Ended Debt Scheme Regular To provide reasonable returns and high level of liquidity by investing in debt and money market instruments of different maturities so as to spread risk across different kinds of issuers in the debt markets. Debt and Money Market instruments (including interbank call and repo) 100% Mutual Fund investments are subject to market risks. Please read the Offer Document(s) carefully for details on Risk Factors before investment. Growth, Dividend Re-investment Weekly Every Monday (For detailed Dividend Policy, please refer page no. 17)
Purchases / Switch-In: a) where the application is received upto 12.00 noon on a day and funds are available for utilization on the same day the closing NAV of the day immediately preceding the day of receipt of application; b) where the application is received after 12.00 noon on a day and funds are available for utilization on the same day the closing NAV of the day immediately preceding the next business day ; and c) irrespective of the time of receipt of application, where the funds are not available for utilization on the day of the application the closing NAV of the day immediately preceding the day on which the funds are available for utilization. Applicable NAV (Continuous Offer) for Redemption / Switch-Out: Purchase / Switch / Redemption a) where the application is received upto 3.00 pm the closing NAV of the day immediately preceding the next business day ; and b) where the application is received after 3.00 pm the closing NAV of the next business day. The Applicable NAVs will be as provided above even where the AMC or the Registrar has provided a facility to the investors to transact in the Schemes through the medium of Internet by logging onto specific websites or telephone and where investors have signed up for using these facilities. These applicable NAVs will also apply to Systematic Investment Plan (SIP), Systematic Withdrawal Plan (SWP) and Systematic Transfer Plan (STP). Expenses of the Scheme Load Structure Recurring Expenses (% p.a. of Daily Average Net Assets) New Fund Offering Period Continuous Offer Estimated as per Offer Document Actual for previous Financial Year (Unaudited) Initial Issue Expenses : Not Applicable Entry Load : NIL Exit Load : NIL 1.00% 0.30% (For further details and limits specified by the Regulations, please refer page no. 17) Fund Manager Benchmark Index Mr. Ritesh Jain CRISIL Liquid Fund Index Performance of the Growth Option of the Scheme as on 30 March, 2007* Compounded Annualised Returns (%) Last 1 year Last 3 years Last 5 years Since Inception Inception Date * March 31, 2007 being a non-business day. Kotak Liquid Regular Plan 6.52 5.32 5.49 6.23 5-Oct-2000 CRISIL Liquid Fund Index 6.39 5.13 5.16 5.59
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Key Information Memorandum Liquid Schemes

Name of Scheme Nature of Scheme Plans Investment Objective Asset Allocation Pattern (Indicative Allocation) Institutional
KOTAK MAHINDRA LIQUID SCHEME (KOTAK LIQUID)

An Open-Ended Debt Scheme Institutional Premium To provide reasonable returns and high level of liquidity by investing in debt and money market instruments of different maturities so as to spread risk across different kind of issuers in the debt market. Debt and Money Market instruments (including interbank call and repo) 100% Debt and Money Market instruments (including interbank call and repo) 100%
Risk Profile Options Dividend Policy Frequency Record Date(s) Minimum Application and Redemption Amount / Number of Units
Mutual Fund investments are subject to market risks. Please read the Offer Document(s) carefully for details on Risk Factors before investment. Growth, Daily Dividend Re-investment, Weekly Dividend Re-investment Growth, Daily Dividend Re-investment, Weekly Dividend
Daily, Weekly Every day for which NAV is declared (Daily Dividend Re-investment), Every Monday (Weekly Dividend) (For detailed Dividend Policy, please refer page no. 17)
Rs. 1,00,00,000 Rs. 1,000 and above Rs. 1,000 or 100 units
Rs. 5,00,00,000
Purchases / Switch-In: a) where the application is received upto 12.00 noon on a day and funds are available for utilization on the same day the closing NAV of the day immediately preceding the day of receipt of application; b) where the application is received after 12.00 noon on a day and funds are available for utilization on the same day the closing NAV of the day immediately preceding the next business day ; and c) irrespective of the time of receipt of application, where the funds are not available for utilization on the day of the application the closing NAV of the day immediately preceding the day on which the funds are available for Applicable NAV (Continuous Offer) for utilization. Purchase / Switch / Redemption Redemption / Switch-Out: a) where the application is received upto 3.00 pm the closing NAV of the day immediately preceding the next business day ; and b) where the application is received after 3.00 pm the closing NAV of the next business day. The Applicable NAVs will be as provided above even where the AMC or the Registrar has provided a facility to the investors to transact in the Schemes through the medium of Internet by logging onto specific websites or telephone and where investors have signed up for using these facilities. Expenses of the Scheme New Fund Offering Period Load Structure Continuous Offer Initial Issue Expenses : Not Applicable Entry Load Exit Load 0.75% 0.30% : : NIL NIL 0.65% 0.30%
Recurring Estimated as per Expenses (% p.a. Offer Document of Daily Average Actual for previous Net Assets) Financial Year (Unaudited)
(For further details and limits specified by the Regulations, please refer page no. 17) Fund Manager Benchmark Index Mr. Ritesh Jain CRISIL Liquid Fund Index Performance of the Growth Option of the Schemes as on 30 March, 2007* Compounded Annualised Returns (%) Last 1 year (absolute) Last 3 years Last 5 years Since Inception Inception Date Kotak Liquid Institutional Plan 6.89 5.44 5.65 5.59 14-Mar-2003 CRISIL Liquid Fund Index 6.39 5.13 5.16 5.59 Kotak Liquid Institutional Premium Plan 7.32 5.49 5.85 4-Nov-2003 CRISIL Liquid Fund Index 6.39 5.13 5.59
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Key Information Memorandum Gilt Scheme

Name of Scheme Nature of Scheme Plans Investment Objective Asset Allocation Pattern Risk Profile Options Dividend Policy Frequency Record Date(s) Savings
KOTAK MAHINDRA GILT UNIT SCHEME 98 (KOTAK GILT)

An Open-Ended Dedicated Gilts Scheme Investment Investment Regular Provident Fund & Trust To generate risk-free returns through investments in sovereign securities issued by the Central and / or State Government(s) and / or reverse repos in such securities. No restriction on maturity of securities Portfolio of securities will have a Weighted Average Maturity of up to 4 years Mutual Fund investments are subject to market risks. Please read the Offer Document(s) carefully for details on Risk Factors before investment. Growth, Dividend Growth, Dividend Quarterly Monthly, Annual 12th of the month concerned (Monthly Dividend Option). 20th of March, June, September and December of every The record date for the Annual Dividend Option is not year. fixed. (For detailed Dividend Policy, please refer page no. 17)
Initial Purchase Additional Purchase Redemption / Put
For valid applications accepted: up to 3 p.m. on a Business Day, the NAV of such Business Day Applicable NAV (Continuous Offer) for after 3 p.m. on a Business Day, the NAV of the following Business Day. Purchase / Switch / Redemption / Put The Applicable NAVs will be as provided above even where the AMC or the Registrar has provided a facility to the investors to transact in the Schemes / Plans through the medium of Internet by logging onto specific websites or telephone and where investors have signed up for using these facilities. These applicable NAVs will also apply to Systematic Investment Plan (SIP), Systematic Withdrawal Plan (SWP) and Systematic Transfer Plan (STP) Expenses of the Scheme New Fund Offering Period Load Structure Recurring Expenses (% p.a. of Daily Average Net Assets) Continuous Offer Estimated as per Offer Document Actual for previous Financial Year (Unaudited) Entry Load: NIL Exit Load: NIL 1.65% 1.00% Initial Issue Expenses : Not Applicable Entry Load: NIL Exit Load: NIL 1.65% 1.57% Entry Load: NIL Exit Load: NIL 1.65% 1.57%
(For further details and limits specified by the Regulations, please refer page no. 17) Fund Manager(s) Benchmark Index Mr. Ritesh Jain and Mr. Abhishek Bhisen I-Sec Si-Bex Mr. Ritesh Jain I-Sec Composite Index
Performance of the Growth Option of the Schemes as on 30 March, 2007* Compounded Annualised Returns (%) Last 1 year (absolute) Last 3 years Last 5 years Since Inception Inception Date Kotak Gilt Savings Plan 5.54 5.22 5.44 7.51 29-Dec-1998 I-Sec Si-Bex Kotak Gilt Investment Regular Plan 4.22 2.51 6.74 10.94 29-Dec-1998 I-Sec Composite Index 5.30 3.24 Kotak Gilt Investment PF & Trust Plan 4.65 2.92 2.96 11-Nov-2003 I-Sec Composite Index 5.30 3.24 3.04
5.91 4.82 6.01
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Key Information Memorandum Information Common to all Schemes

Despatch of Redemption Proceeds Name of the Trustee Company Daily Net Asset Value (NAV) Publication Dividend Policy Within ten Business Days of the receipt of the redemption request at the Official Acceptance Points / Authorised Centre of Kotak Mahindra Mutual Fund. Kotak Mahindra Trustee Company Limited The NAVs will be declared on all Business Days and will be published in 2 newspapers. NAVs can also be viewed on www.kotakmutual.com and www.amfiindia.com. The NAVs of Kotak Liquid and Kotak Floater Short Term Scheme shall be calculated on each calendar day. Under the Dividend Option(s), the Trustee may decide to distribute by way of dividend, the surplus by way of realised profits, dividends and interest, net of losses, expenses and taxes, if any, to the Unitholders concerned, if such surplus is available and adequate for distribution in the opinion of the Trustee. The Trustee's decision with regards to such availability and adequacy of surplus, rate, timing and frequency of distributions shall be final. The Unitholder has the option of receiving the dividend or having the same reinvested. However, any dividend declared under the Dividend Re-investment Option(s) of the Scheme(s) / Plan(s) concerned shall be compulsorily re-invested. Dividend amounts will be reinvested in the same option at the Applicable NAV announced for the first Business Day immediately after the date of the declaration of dividend. Where the record date(s) for the Dividend Option of the Scheme(s) / Plan(s) concerned is not a Business Day, the Record Date shall be the immediately succeeding Business Day. Under the Daily Dividend Re-invesment Option(s), growth in NAV as represented by distributable surplus (i.e. realised profit, dividends and interest, net of losses, expenses and taxes, if any) will be distributed as dividend to the Unitholders in the Option(s). The Dividend will be declared on every day for which NAV is declared; the previous such day being the Record Date. The dividend will be due to only those Unitholders whose names appear in the register of Unitholders on the Record Date. Dividend amounts will be reinvested in the Option concerned at the Applicable NAV announced immediately after the Record Date. In the event of unavailability of distributable surplus, dividend will not be declared. In Kotak Cash Plus, the record date for the purpose shall be Monday immediately preceding the last Thursday of the Month (the Futures & Options expiry date), or is such day is not a Business Day, the immediately succeeding Business Day. Recurring Expenses The Investment Manager retains the right to charge the actual expenses to the Scheme / Plan, however the expenses charged will not exceed the statutory limits prescribed by the Regulations. The recurring expenses of the Scheme(s) / Plan(s) (including investment and advisory fees ) are presently subject to the following maximum limits (as a percentage of Weekly Average Net Assets) as per Regulation 52. Expenses over and above the permitted limit under the applicable Regulations will be borne by the AMC. Weekly Average Net Assets (Rs.) Kotak Gilt Investment Plan / Kotak Gilt Savings Plan / Kotak Gilt Provident Fund & Trust Plan / Kotak Bond / Kotak Bond Short Term Plan / Kotak Liquid / Kotak Floater Short Term / Kotak Floater Long Term / Kotak Income Plus / Kotak Flexi Debt / Kotak Cash Plus 2.25% 2.00% 1.75% 1.50% Kotak 30 / Kotak Balance / Kotak MNC / Kotak Tech / Kotak Global India / Kotak Opportunities / Kotak Mid-Cap / Kotak Contra / Kotak Tax Saver / Kotak Lifestyle 2.50% 2.25% 2.00% 1.75%
First 100 Crores Next 300 Crores Next 300 Crores Balance Assets Tax Treatment for Unitholders and the Mutual Fund
In respect of Kotak Equity FOF, the total expenses will not exceed 0.75% of the daily average net assets. The information set out below outlines the tax implications with respect to the Unit holders of the Scheme and with respect to the Mutual Fund and is based on relevant provisions of the Indian Income Tax Act, 1961 and Wealth Tax Act, 1957 (collectively known as "the relevant provisions"), and prevailing as on April 27, 2007. Further, for this purpose the proposals of the Finance Bill, 2007 (Budget 2007) are also considered as the same has been presented in the Parliament and will become law after it is approved by both the Houses of Parliament and receive the assent from the President of India. Since the information below is based on the relevant provisions as on April 27, 2007 any subsequent changes in the relevant provisions could affect tax implications. Price Waterhouse does not make any representation on the procedures for ascertaining the tax implications nor do they make any representations regarding any legal interpretations. Further, except for the above procedure, Price Waterhouse has not performed any other services in connection with any other data or information included in the Offer Document. THE FOLLOWING INFORMATION IS PROVIDED FOR GENERAL INFORMATION PURPOSES ONLY. IN VIEW OF THE INDIVIDUAL NATURE OF TAX IMPLICATIONS, EACH INVESTOR IS ADVISED TO CONSULT HIS OR HER OWN TAX ADVISER WITH RESPECT TO THE SPECIFIC TAX IMPLICATIONS ARISING OUT OF HIS OR HER PARTICIPATION IN THE SCHEME. A. For the Unitholders 1. Income from Mutual Fund received by Unitholders would be tax free in the hands of the Unitholders as per the provisions of section 10(35) of the Income-tax Act, 1961 (the Act). 2. The characterization of gains / losses arising from sale / transfer of units as capital gains or business income would depend on the classification of the said units by the unit holder. It would depend on whether the unit holder has classified such units as capital assets or as stock in trade. 3. Under Section 2(29A) of the Act, read with section 2(42A) of the Act, a unit of a Mutual Fund is treated as a long term capital asset if the same is held for more than 12 months. If the unit is held for 12 months or less, the same is treated as a short term capital asset. 4. Taxation of Long Term Capital Gains Under Section 112 of the Act, capital gains arising on the transfer of long term capital assets are subject to tax at the rate of 20%. The capital gains will be computed by deducting expenditure incurred in connection with such transfer and indexed cost of acquisition of the unit from the sale consideration. Further, the maximum tax payable on long term capital gains on such units is restricted to 10% of capital gains calculated without indexation of the cost of acquisition. However, as per section 10(38) of the Act, long term capital gain arising from the sale of a unit of an equity oriented fund is exempt from tax. In such cases, at the time of sale of units (redemption) the unit holder will have to pay a Securities Transaction Tax (STT) of 0.25% of the sale / redemption value. The income by way of long term capital gains of a company would be taken into account in computing the book profits and Minimum Alternate Tax payable, if any, u/s 115JB of the Act (irrespective of whether it is exempt u/s 10(38)). Further, in case of an individual or HUF, being a resident, where the total income as reduced by the long term capital gains is below the maximum amount not chargeable to tax1 (i.e. Rs. 100,000 in case of all individuals, to Rs. 135,000 in case of women and to Rs.185, 000 in case of senior citizens), the long term capital gains shall be reduced to the extent of the shortfall and only the balance long term capital gains will be subject to the flat rate of taxation. 5. Taxation of Short Term Capital Gains Short term capital gains arising to a unit holder will be taxed at the normal rate applicable to that unit holder as per the provisions of the Act. The capital gains will be computed by deducting expenditure incurred in connection with such transfer and cost of acquisition of the unit from the sale consideration. The taxable/total income and the tax payable arising from short term capital gains shall be computed in accordance with the tax rates applicable to the investor. However, as per section 111A of the Act, short term capital gain arising from the sale of a unit of an equity oriented fund is taxable at the rate of 10%. The provisions related to minimum amount not chargeable to tax, surcharge and education cess described at clause 4 above would also apply to such short-term capital gains. In such cases, at the time of sale of units (redemption) the unit holder will have to pay STT of 0.25% of the sale / redemption value. 6. For the purposes of point 4 and 5 above, An "equity oriented fund" is a fund where the investible funds are invested in equity shares of domestic companies to the extent of more than 65% of the total proceeds of such fund. In addition to the aforesaid tax, in the case of an individual, HUF or Association of Persons (AOP), where the income exceeds Rs. 1,000,000, a surcharge of 10%,
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Key Information Memorandum Information Common to all Schemes

in the case of domestic companies a surcharge of 10%2, in case of foreign companies a surcharge of 2.5%2 and in case of an artificial juridical person a surcharge of 10% of such tax liability is also payable. A 2%3 education cess on total income tax (including surcharge) is payable by all categories of taxpayers. 7. The capital loss resulting from sale of units would be available for setting off against other capital gains made by the investor and would reduce the tax liability of the investor to that extent. However, losses on transfer of long term capital assets would be allowed to be set-off only against gains from transfer of long-term capital assets and the balance long-term capital loss shall be carried forward separately for a period of eight assessment years to be set off only against long-term capital gains. Further, as the long-term capital gains on sale of units of equity oriented fund are exempt from tax the losses from such units may not be allowed to be set off against other gains. 8. In terms of the provisions of section 80C of the Act, an Individual or a HUF is entitled to claim a deduction for investments made in specified securities etc. up to a maximum amount of Rs. 100,000. Subscription to any units of any Mutual Fund notified under clause (23D) of section 10 of the Act or from the Administrator or the specified company under any plan formulated in accordance with such scheme as the Central Government may, by notification in the Official Gazette, specify in this behalf, qualify for deduction under section 80C of the Act. The Central Government has notified the Equity Linked Savings Scheme, 2005 ('ELSS, 2005') in this regard vide Notification No. 226 dated November 3, 2005 as amended by Notification No. 259 dated December 13, 2005. The investors would be entitled to the benefit under section 80C of the Act for investments made under such schemes of the Fund, which are in accordance with ELSS 2005, subject to the aggregate limit of Rs.100,000 provided under section 80C of the Act. 9. Where a person buys any units within a period of three months before the record date and sells such units within nine months after such date, the dividend income on such units being exempt from tax, then the capital loss, if any, on such sale to the extent of dividend income cannot be set off against other gains. 10. Where a person buys units (original units) within a period of three months before the record date, receives bonus units on such original units, and then sells the original units within a period of nine months from the record date and continues to hold the bonus units, then the loss incurred on the original units shall not be allowed to be set off against other profits but shall be deemed to be the cost of acquisition of the bonus units. 11. However, in cases which are not covered by clause 6 above, the cost of acquisition of bonus units for the investors would be NIL, as provided by section 55(2) of the Act. 12. The long term capital gains on transfer of units would be exempt from tax under Section 54EC of the Act, subject to fulfillment of certain conditions specified in the section. This section requires investments in specified bonds. However, if the amount invested is less than the capital gains realized, only proportionate capital gains would be exempt from tax. 13. Where the units are treated as stock in trade and the profits arising from the sale of units are taxed under the head "Profits & Gains of business or profession", the STT paid by the unit holder would not be allowed as deduction in computing the total income u/s 40(a)(ib) of the Act. However, in such a case, an amount equal to the STT paid by the unitholder can be claimed as a rebate from the tax payable on the income from such sale of units by virtue of the provisions of section 88E of the Act. Similarly, no deduction would be allowed for STT while calculating capital gains. 14. No deduction of tax at source shall be made from income credited or paid by a mutual fund to a Unit holder. 15. As per circular no. 715 dated August 8, 1995 issued by the CBDT in case of resident Unitholders, no tax is required to be deducted at source from capital gains arising at the time of repurchase or redemption of the units. Under Section 195 of the Act in case of schemes other than equity oriented scheme, the Mutual Fund is required to deduct tax at source at the rate of 20% on any long-term capital gains arising from units chargeable to tax if the payee Unitholder is a non-resident. In respect to short-term capital gains, tax is required to be deducted at source at the rate of 30% if the payee Unitholder is a non-resident non-corporate and at the rate of 40% if the payee Unitholder is a foreign company in case of schemes other than equity oriented scheme. However, with respect to short-term capital gains arising from sale of equity oriented schemes, tax is required to be deducted at the rate of 10%. No deduction of tax is required to be made from long term capital gains arising to non residents from sale of units of equity oriented schemes. In addition to the aforesaid tax, in the case of an individual, HUF or Association of Persons (AOP), where the income exceeds Rs. 1,000,000, a surcharge of 10%2, in case of foreign companies a surcharge of 2.5%2 and in case of an artificial juridical person a surcharge of 10% of such tax liability is also payable. A 2%3 education cess on total income tax (including surcharge) is payable by all categories of taxpayers. 16. As per circular no. 728 dated October 30, 1995 issued by the CBDT, in the case of a remittance to a country with which a Double Tax Avoidance Agreement (DTAA) is in force, the tax should be deducted at the rate provided in the Finance Act of the relevant year or at the rate provided in the DTAA, whichever is more beneficial to the assessee. In order for the Unitholder to obtain the benefit of a lower rate available under a DTAA, the Unitholder will be required to provide the Mutual Fund with a certificate obtained from his Assessing Officer stating his eligibility for the lower rate. 17. Mutual Fund units are exempt from wealth tax. B. For the Mutual Fund 1. Kotak Mahindra Mutual Fund is a Mutual Fund registered with SEBI and as such is eligible for benefits under Section 10(23D) of the Act. Accordingly, its entire income is exempt from tax. 2. Mutual Funds (other than equity oriented funds) are required to pay dividend distribution tax at the rate of 14.025%4, in the case of distributions to individuals and HUFs. An increased rate of 22.44%5, is applicable for distributions made to persons other than an individual or a HUF. 3. As proposed by the Finance Bill 2007 proposals, mutual funds which are 'Money Market Mutual Fund'6 or 'Liquid Fund'7 are required to pay dividend distribution tax at the rate of 28.325% (including surcharge @10%, education cess @2% and Secondary and higher education cess at the rate of 1%).
1
2 3 4
6 7
The Finance Bill 2007 (Budget 2007) proposes to increase the maximum amount not chargeable to tax to Rs. 110,000 in case of all individuals, Rs. 145,000 in case of women and to Rs.195, 000 in case of senior citizens. The Finance Bill 2007 (Budget 2007) proposes to levy surcharge only if the income exceeds Rs. 10,000,000. The Finance Bill 2007 (Budget 2007) proposes to levy an additional cess for 'Secondary and Higher Education Cess' at the rate of 1% The Finance Bill 2007 (Budget 2007) proposes to increase the rate of dividend distribution tax to 14.1625% (including surcharge @10%, education cess @2% and Secondary and Higher Education Cess at the rate of 1%). The Finance Bill 2007 (Budget 2007) proposes to increase the rate of dividend distribution tax to 22.66%(including surcharge @10%, education cess @2% and Secondary and Higher Education Cess at the rate of 1%). Money market mutual fund means a money market mutual fund as defined in sub-clause (p) of clause 2 of the SEBI (Mutual Funds) Regulations, 1996." "liquid fund" means a scheme or plan of a mutual fund which is classified by the SEBI as a liquid fund in accordance with the guidelines issued by it in this behalf under the SEBI Act, 1992 or regulations made thereunder.
For Investors' Grievances please contact Computer Age Management Services Pvt. Ltd. (Registrar) Kotak Mahindra Asset Mangement Company Limited (Investment Manager) 158 Rayala Towers, 2nd Floor, Anna Salai, Chennai 600 002. www.camsonline.com enq_k@camsonline.com 044 2852 1839
R. Chandrasekaran : 91/92, 9th Floor, Sakhar Bhavan, 230, Nariman Point, Mumbai 400 021. www.kotakmutual.com mutual@kotak.com 022 6638 4444, 022 6638 4455 Registered Office : 5A, 5th Floor, Bakhtawar, 229, Nariman Point, Mumbai 400 021. Account Statement (on each transaction) and Annual Financial Results shall be provided to the investors by post / e-mail / courier. Half-yearly Scheme(s) / Plan(s) portfolio will either be mailed to unitholders or published in the newspaper as permitted under SEBI (Mutual Fund) Regulations, 1996.
Unitholders Information
18
18
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GUIDELINES FOR FILLING UP THE COMMON APPLICATION FORM

1. GENERAL INFORMATION a) Please fill up the Application Form legibly in English in CAPITAL LETTERS. b) Please read this Memorandum and the respective Offer Document carefully before investing. Your application for allotment of units in the Scheme(s) is construed to have been made with a full understanding of the terms and conditions applicable to it and the same is binding on you in respect of your investment in the Scheme(s). c) Application Forms incomplete in any respect or not accompanied by a Cheque / Demand Draft are liable to be rejected. In case your investment application gets rejected on account of the same being incomplete in any respect, your investment amount would be refunded without interest within 30 days. 2. APPLICANT'S INFORMATION a) If you are already a Unitholder in any scheme of the Fund and wish to make your present investment in the same Account, please fill in the Name of Sole/First Holder & Account No. in Section 1, PAN details in Section 2 of the Application Form and then proceed to Section 4. Your personal information and bank account details indicated for your account would also apply to this investment. b) If you are applying for units in Kotak Mahindra Mutual Fund for the first time, please furnish your complete postal address with Pin Code (P.O. Box No. not enough) and your Contact Nos. This would help us reach you faster. c) If you also have Joint Applicant(s) for the investment, please specify the Mode of Operation. In the absence of this information from your end, the Mode of Operation would be presumed to be Joint. All communication (including Account Statements and Redemption / Dividend / Refund Cheques) in the case of units held jointly would be addressed to the First Holder. d) Permanent Account Number (PAN) Information (Mandatory) If the amount you propose to invest is Rs. 50,000/- or more then please furnish your PAN details in section 2 and enclose a photocopy of PAN Card /PAN Allotment Letter /Tax Refund of all applicants. In case of minor applicants, please furnish the PAN details and PAN proof of the Guardian. In case you are not having a PAN then please furnish your declaration in Form 60 / Form 61 in duplicate. Applications not complying with the above requirement are liable to be rejected. 3. BANK ACCOUNT DETAILS a) Please furnish the Name of your Bank, Branch and City (i.e clearing circle in which the branch participates), Account Type and Account Number. This is mandatorily required as per SEBI. Applications without this information will be deemed to be incomplete & would be rejected. b) If your bank details furnished in the Application Form is of any of the banks through which we offer a Direct Credit Facility (listed in the Application Form), Dividend / Redemption Proceeds will be directly credited into your Bank Account. An Account Statement confirming the transaction would be sent to you. 4. INVESTMENT DETAILS a) Please specify your Investment Option in the Application Form. If you have chosen the Dividend Option, please indicate whether you would like a payout or re-investment of your dividend as also the frequency at which you would like to receive the same. If you do not indicate the choice of Dividend Option, Dividend re-investment option will be considered as the default option for all equity schemes. Please refer the Schemes Snapshot table on next page for available options and dividend frequency of various schemes. b) Please issue a separate Cheque / Demand Draft for each separate Scheme / Plan. c) Cheques should be crossed "A/c Payee Only" and drawn in favour of the Scheme in which you propose to invest. Details in last column of the Schemes Snapshot table. d) If you are residing / located in a city / town where we do not have an Official Acceptance Point, please draw a Demand Draft payable at your nearest city / town where we have an Official Acceptance Point. e) Payments by Cash, Stockinvests, Outstation Cheques, Non-MICR Cheques will not be accepted. Post dated cheques will not be accepted except for investments made under Systematic Investment Plan. 5. NOMINATION DETAILS a) The nomination can be made only by individuals applying for / holding units on their own behalf singly or jointly. Non-individuals including society, trust, body corporate, partnership firm, Karta of Hindu Undivided Family, holder of Power of Attorney cannot nominate. If the units are held jointly, all joint holders will sign the Nomination Form. b) A minor can be nominated and in that event, name and address of the guardian of the minor nominee shall be provided by the unitholder. Nomination can also be in favour of the central government, state government, a local authority, any person designated by virtue of his office or a religious or charitable trust. c) The Nominee shall not be a trust (other than a religious or charitable trust), society, body corporate, partnership firm, Karta of Hindu Undivided Family or a Power of Attorney holder. A non-resident Indian can be a nominee subject to the exchange control regulations in force, from time to time. d) Transfer of units in favour of a Nominee shall be valid discharge by Kotak Mahindra Asset Management Company Limited against the legal heir. e) The cancellation of nomination can be made only by those individuals who hold units on their behalf singly or jointly and who made the original nomination. On cancellation of the nomination, the nomination shall stand rescinded and Kotak Mahindra Asset Management Company Limited shall not be under any obligation to transfer the units in favour of the Nominee. 6. KOTAK FACILITIES a) If you have an E-Mail address, you can choose to receive E-mail communication from us in lieu of printed communication. Please furnish your E-Mail ID and indicate the nature of communication you wish to receive over E-Mail. b) If you wish to view your investments or transact over the Internet / Telephone, please fill in the enclosed Internet / Phone Transactions Form. 7. DECLARATION AND SIGNATURES a) Signatures can be in English or in any other Indian language. Thumb impressions must be attested by a Magistrate or a Notary Public or a Special Executive Magistrate under his/her official seal. b) Applications by minors must be signed on their behalf by their guardians. c) If you are investing through your constituted attorney, please ensure that the POA document is signed by you and your Constituted Attorney. The signature in the Application Form, then, needs to clearly indicate that the signature is on your behalf by the Constituted Attorney.
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SCHEMES SNAPSHOT
Scheme - Plan Options Available # Dividend Frequency * Minimum Initial Investment (Rs.) Min. Addl. Investment (Rs.) Cheques(s)/DD to be drawn in favour of
Kotak 30 Kotak Global India Kotak Opportunities Kotak Midcap Kotak Tech Kotak MNC Kotak Contra Kotak Tax Saver Kotak Lifestyle Kotak Balance Kotak Income Plus Kotak Equity FOF Kotak Bond - Deposit Kotak Bond - Regular Kotak Bond - Short Term Kotak Flexi Debt Kotak Cash Plus Kotak Floater Long Term Kotak Floater Short Term Kotak Liquid - Institutional Kotak Liquid - Institutional Premium Kotak Liquid - Regular Kotak Gilt - Savings Kotak Gilt - Investment Regular Kotak Gilt - PF & Trust
G, DP & DR G, DP & DR G, DP & DR G, DP & DR G, DP & DR G, DP & DR G, DP & DR G, DP & DR G, DP & DR G, DP & DR G, DP, DR & B G & DR G, DP & DR G, DP & DR G & DR G & DR G & DR G, DP & DR G & DR G, DP & DR G, DP & DR G, DP & DR
Trustees Discretion Trustees Discretion Trustees Discretion Trustees Discretion Trustees Discretion Trustees Discretion Trustees Discretion Trustees Discretion Trustees Discretion Half Yearly Monthly, Quarterly Trustees Discretion Quarterly Quarterly, Annual Monthly Quarterly Monthly Weekly, Monthly Weekly, Monthly Daily, Weekly Daily, Weekly Weekly Monthly, Annual Quarterly Quarterly
5,000 5,000 5,000 5,000 5,000 5,000 5,000 500 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 1,00,00,000 5,00,00,000 5,000 5,000 5,000 5,000
1,000 1,000 1,000 1,000 1,000 1,000 1,000 500 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
Kotak 30 Kotak Global India Kotak Opportunities Kotak Midcap Kotak Tech Kotak MNC Kotak Contra Kotak Tax Saver Kotak Lifestyle Kotak Balance Kotak Income Plus Kotak Equity FOF Kotak Bond Kotak Bond Kotak Bond Short Term Kotak Flexi Debt Kotak Cash Plus Kotak Floater Long Term Kotak Floater Short Term Kotak Liquid Kotak Liquid Kotak Liquid Kotak Gilt Savings Kotak Gilt Investment Kotak Gilt Investment
# G = Growth; DP = Dividend Payout; DR = Dividend Re-invest; B = Bonus.
* Dividend distribution subject to availability & adequacy of distributable surplus.
CHECKLIST
Please ensure that : + Your Application Form is complete in all respects & signed by all applicants : n Name, Address and Contact Details are mentioned in full. n Bank Account Details are entered completely and correctly. 9 digit MICR Code of your bank is mentioned in the Application Form. n Permanent Account Number (PAN) of all Applicants is mentioned and necessary documents [refer Guidelines 2(d)] are enclosed, if the investment amount is Rs. 50,000/- or more. n Appropriate Investment Option is selected. If the Dividend Option is chosen, Dividend Payout or Re-investment and Dividend Frequency is indicated. n If units are applied for Jointly, Mode of Operation of account is indicated. + Your Investment Cheque / DD is drawn in favour of Scheme / Plan (indicated in the last column of SchemesSnapshot table), dated and signed. + Application Number is mentioned on the reverse of the cheque. + If you have opted for any Kotak Facility, the relevant form is duly filled and submitted along with the Application Form. + A cancelled Cheque leaf of your Bank is enclosed in case your investment cheque is not from the same account. + Documents as listed below are submitted along with the Application Form (as applicable to your specific case).
Documents 1. Resolution / Authorisation to invest 2. List of Authorised Signatories with Specimen Signature(s) 3. Memorandum & Articles of Association 4. Trust Deed 5. Bye-Laws 6. Partnership Deed 7. Notarised Power of Attorney 8. Account Debit / Foreign Inward Remittance Certificate from remitting Bank
Companies 4 4 4
Trusts 4 4 4
Societies 4 4
Partnership Firms 4 4
NRIs / PIOs
FIIs 4 4
Investments through Constituted Attorney 4
4 4 4 4 4
All documents in 1 to 8 above should be originals / true copies certified by the Director / Trustee / Company Secretary / Authorised Signatory / Notary Public.
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20
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52821
52821
3. BANK ACCOUNT DETAILS (MANDATORY)

Name of Bank Branch City Account No.
MICR Code
This is the 9 digit No. next to your Cheque No.
[Refer Guideline 3]
DIRECT CREDIT
We offer a Direct Credit Facility with the following banks for paying out Dividend and Redemption Proceeds to you faster.
(Clearing Circle)
ABN AMRO Bank Centurion Bank of Punjab Citibank Deutsche Bank
HDFC Bank HSBC ICICI Bank IDBI Bank
IndusInd Bank Kotak Mahindra Bank Standard Chartered Bank UTI Bank
Account Type :
Current
Savings
NRO
NRE
FCNR
Others
If your bank account is with any of these banks, we will directly credit your dividend / redemption proceeds into the same. If, however, you wish to receive a cheque payout, please tick the box alongside.
4. INVESTMENT DETAILS
Scheme Plan Investment Amount Rs. Mode of Payment Drawn on DD Charges (if applicable) Rs. Option (Please )
Growth Dividend : Frequency
[Refer Guideline 4]
Bonus (available only in Kotak Bond Regular) Payout Re-investment
Net Amount (if applicable) Rs.
A
Cheque / Demand Draft / Fund Transfer
(Strike off whichever is not applicable)
B
Instrument No. Branch
A-B
dated DD / MM / YYYY
Bank
City
Cheque / DD to be drawn in favour of specific Scheme / Plan as indicated in last column of Scheme Snapshot Table.
If you are an NRI Investor, please indicate source of funds for your investment (Please ) (Please specify) NRE NRO FCNR Others
5. NOMINATION DETAILS (to be filled in by Individual(s) applying Singly or Jointly)
[Refer Guideline 5]
I/We _______________________________________________________________________ and ____________________________________________________ do hereby nominate the undermentioned Nominee to receive the Units to my/our credit in Account No./Application No. _____________________ in the event of my/our death. I/we also understand that all payments and settlements made to such Nominee and signature of the Nominee acknowledging receipt thereof, shall be a valid discharge by the AMC / Mutual Fund / Trustee.
DETAILS OF NOMINEE
NAME ADDRESS Date of Birth DD / MM / YYYY
DETAILS OF GUARDIAN (to be furnished in case Nominee is a Minor) (Strike off if this section is not applicable to you)
NAME
ADDRESS
City/Town
Pin
City/Town
Pin
Tel.
Signature of Nominee
Tel.
Signature of Guardian
6. KOTAK FACILITIES
I / We would like to subscribe to the following facilities offered by Kotak Mahindra Mutual Fund : [Please ]
Transact over the Internet / Telephone (Please fill the enclosed Internet / Phone Transactions Form) Avail Systematic Investment / Withdrawal / Transfer Plan (Please fill the enclosed Facilities Form) Avail SIP Auto Debit Facility (Please fill the enclosed SIP Auto Debit Facility Form)
E-MAIL COMMUNICATION
[Refer Guideline 6]
I / We would like to receive the following communication by E-Mail: [Please ] ECS of Dividends Monthly Update Account Statement Annual Report Transaction Confirmation Please furnish your Email ID below :
Your E-mail ID here
7. DECLARATION AND SIGNATURES
[Refer Guideline 7]
I / We have read and understood the contents of the Offer Document(s) of the respective Scheme(s) of Kotak Mahindra Mutual Fund. I / We hereby apply for allotment / purchase of Units in the Scheme(s) indicated in Section 4 above and agree to abide by the terms and conditions applicable thereto. I / We hereby declare that I / We are authorised to make this investment in the above-mentioned scheme(s) and that the amount invested in the Scheme(s) is through legitimate sources only and does not involve and is not designed for the purpose of any contravention or evasion of any Act, Rules, Regulations, Notifications or Directions of the provisions of Income Tax Act, Anti Money Laundering Act, Anti Corruption Act or any other applicable laws enacted by the Government of India from time to time. I / We hereby authorise Kotak Mahindra Mutual Fund, its Investment Manager and its agents to disclose details of my investment to my / our Investment Advisor and / or my bank(s) / Kotak Mahindra Mutual Funds bank(s). I / We have neither received nor been induced by any rebate or gifts, directly or indirectly, in making this investment. Applicable to NRIs seeking repatriation of redemption proceeds: I/ We confirm that I am / we are Non-Resident(s) of Indian Nationality / Origin and that I / We have remitted funds from abroad through approved banking channels or from funds in my/our NRE / FCNR Account.
SIGNATURE(S)
Sole / First Applicant
Second Applicant (To be signed by All Applicants)
Third Applicant
Kotak Mahindra Mutual Fund 91/92, 9th Floor, Sakhar Bhavan, 230, Nariman Point, Mumbai 400 021 022-6638 4444 www.kotakmutual.com mutual@kotak.com
Computer Age Management Services Pvt. Ltd. 158, Rayala Towers, 2nd Floor, Anna Salai, Chennai 600 002 044 2852 1839 www.camsonline.com enq_k@camsonline.com
We are at your service on 1800-222-626 from 9.30 a.m. to 6.30 p.m. (Monday to Friday)
SP. Red, Black
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INTERNET / PHONE TRANSACTIONS FORM

Think Investments. Think Kotak.
R
91/92, 9th Floor, Sakhar Bhavan 230, Nariman Point, Mumbai 400 021 022 6638 4444 mutual@kotak.com www.kotakmutual.com
Date : DD / MM / YYYY I / We, being unitholder(s) of Kotak Mahindra Mutual Fund (KMMF) do hereby apply for the facility to effect transactions over the internet and/or the telephone with respect to my/our unitholder account with you. I / We have read and understood the terms and conditions applicable to this facility and confirm that I / We shall be bound by them. I / We have no objection to Kotak Mahindra Asset Management Company Limited (KMAMC - the Investment Managers to KMMF) or Computer Age Management Services Pvt. Ltd. (CAMS - the Registrar for KMMF) checking my / our identity before effecting any transaction over the telephone or internet, and for this purpose, I / We give below my /our personal details and signatures : Or * I / We being unitholders of Kotak Mahindra Mutual Fund (KMMF) would like to apply for the facility to effect transactions over the internet and / or the telephone with respect to my/our unitholder(s) account with you. I / We hereby authorise Mr. / Ms.______________________________________________ as the designated person to so transact on my / our behalf. I / We have read and understood the terms and conditions applicable to this facility and confirm that I / We shall be bound by them. I / We understand that Kotak Mahindra Asset Management Company Limited (KMAMC - the Investment Managers to KMMF) or Computer Age Management Services Pvt. Ltd. (CAMS- the Registrar for KMMF) may, as a measure of security, check the designated person's identity before effecting any transaction over the internet and/or the telephone, and for this purpose, I / We give below the personal details and signature of the above person :
Account No.
Email :
M
1st Holder Name PAN# Date of Birth Signature
y
3rd Holder
This will help us serve you better
2nd Holder
# PAN is mandatory regardless of the investment amount.

NOTE : INCOMPLETE FORMS ARE LIABLE TO BE REJECTED
Date
DD / MM / YYYY
Place
(TERMS AND CONDITIONS OVERLEAF)
Form No. 60
[See second proviso to rule 114B] Form of declaration to be filed by a person who does not have a Permanent Account Number (PAN) and who enters into any transaction specified in rule 114B of Income-tax Rules, 1962.
Date : DD / MM / YYYY
(1) Full name and address of the declarant Name Address
(2) Particulars of transaction (3) Amount of the transaction (4) Are you assessed to tax? Yes No
(5) If yes, (i) Details of Ward/Circle/Range where the last return of income was filed? (ii) Reasons for not having permanent account number (6) Details of the document being produced in support of address in column (1)
Verification
I, do hereby declare that what is stated above is true to the best of my knowledge and belief. Verified today, the Date day of Place , Signature of the declarant Account No.
Instructions : Documents which can be produced in support of the address are:n Ration Card n Passport n Driving licence n Identity Card issued by any institution n Copy of the electricity bill or telephone bill showing residential address n Any document or communication issued by any authority of Central Government, State Government or local bodies showing residential address n Any other documentary evidence in support of his address given in the declaration.
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TERMS & CONDITIONS

1. Kotak Mahindra Asset Management Company Limited (KMAMC) and Computer Age Management Services Pvt. Ltd. (CAMS) undertake to offer, at the request of the Unitholder(s), services through automated software, which will enable the Unitholder(s) or a designated person (Servicee) to carry out transactions on the Unitholders' account over the Internet or Telephone. 2. The Servicee will be allotted a Personal Identification Number (PIN) for this purpose; the PIN is required to identify him/her. 3. The PIN will be generated using random number logic and will be mailed to the Unitholder using secure, tamper-proof stationery. While receiving the PIN, the Unitholder should ensure that it is received in a sealed envelope. In case the Unitholder has any doubt that the same has been tampered with, he should forthwith inform CAMS or KMAMC about this. 4. The Servicee shall ensure that the PIN is kept confidential and not divulge it to anybody else. 5. The Servicee must report the loss of the PIN to CAMS or KMAMC immediately upon discovery of such an event. 6. Who can operate? If the Unitholder is not an Individual : The Authorised signatories may designate any individual as a designated person and his/her personal details should be submitted to CAMS. If the mode of operation is FIRST HOLDER ONLY : this facility will be available only to the first Unitholder. If the mode of operation is JOINT : all the Unitholders may designate only one of them to operate this facility, and the personal details of such a person shall be submitted to CAMS. If the Unitholder is a minor : then the Guardian shall be eligible to operate of this facility. In such case, the personal details of the Guardian shall be submitted to CAMS. 7. Transactions over the Internet or Telephone will get processed at the Applicable NAV based on the cut-off time indicated in the Offer Document of the respective scheme. 8. The Unitholder shall indemnify CAMS and / or KMAMC for all liabilities, losses, damages and expenses which CAMS or KMAMC may sustain or incur either directly or indirectly as a result of: providing the facility of carrying out transactions over the Internet or Telephone or by reason of CAMS in good faith taking or refusing to take any action on instructions received from the unit holder / servicee. fraud or dishonesty relating to any transaction by the Servicee. non-compliance of the terms and conditions relating to transactions over the Internet or Telephone by the Servicee. non-compliance by CAMS/KMAMC of Servicee's instructions due to inadequate balance of units or money in unitholders account. Negligence or mistake or misconduct of the Servicee. CAMS or KMAMC can disallow the facility without prior notice on the occurrence of any of the following events: non-compliance of the terms and conditions set out herein or as applicable from time to time. any other cause arising out of operation of law. closing of Unitholder's account. The Unitholder shall give CAMS ten days notice in writing if the Unitholder wishes to terminate this facility. CAMS may record the telephone calls by the Servicee as evidence of the transaction. CAMS or KMAMC or the Trustee shall not be liable for : any transactions that are carried out on the basis of instructions over the Internet or Telephone, given by unauthorised individuals who have gained knowledge of the PIN. any loss or damage incurred or suffered by the Unitholder due to any error, defect, failure or interruption in the provision of this facility arising from or caused by any reason whatsoever. not verifying the identity of the person giving the instructions over the Internet / Telephone. not carrying out any such instructions where CAMS/KMAMC has reason to believe that the instructions are not genuine or are otherwise improper, unclear, vague or raise a doubt. withdrawing/suspending the facility wholly / partially without prior notice. These terms and conditions will be governed by Indian Laws and the Courts in Mumbai shall alone have jurisdiction. In case of dispute, the matter will be settled by arbitration as per the rules of The Indian Arbitration and Conciliation Act, 1996. The Chairman of KMAMC or his nominee will be the sole arbitrator and the place of arbitration will be Mumbai.
9.
10. 11. 12.
13.
Please submit this form to Kotak Mahindra Mutual Fund or to your nearest CAMS Investor Service Centre
Form No. 61
[See proviso to clause (a) of rule 114C(1)] Form of declaration to be filed by a person who has agricultural income and is not in receipt of any other income chargeable to income-tax in respect of transactions specified in clauses (a) to (h) of rule 114B
Date : DD / MM / YYYY
(1) Full name and address of the declarant Name Address
(2) Particulars of transaction (3) Details of the document being produced in support of address in column (1) Yes No
I hereby declare that my source of income is from agriculture and I am not required to pay income-tax on any other income if any. Date
Place
Signature of the declarant
Verification
I, do hereby declare that what is stated above is true to the best of my knowledge and belief. Verified today, the Date day of Place , Signature of the declarant Account No.
Instructions : Documents which can be produced in support of the address are:n Ration Card n Passport n Driving licence n Identity Card issued by any institution n Copy of the electricity bill or telephone bill showing residential address n Any document or communication issued by any authority of Central Government, State Government or local bodies showing residential address n Any other documentary evidence in support of his address given in the declaration.
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52821
FACILITIES SNAPSHOT
Systematic Investment Plan (SIP) Systematic Withdrawal Plan (SWP) Systematic Transfer Plan (STP) Weekly, Monthly or Quarterly 1st / 7th / 14th / 21st Rs. 1000* in Fixed Sum Option or Entire Appreciation Frequency : Frequency : Monthly or Quarterly Frequency : Monthly or Quarterly Choice of Dates : 1st / 7th / 14th / 21st Choice of Dates : 1st / 7th / 14th / 21st Min. Investment : Rs. 1000* (Refer instruction 3) Min. Withdrawal : Rs. 1000* in Fixed Sum Option Choice of Dates : Min. Transfer : or Entire Appreciation
* Except for Kotak ELSS where minimum investment is Rs. 500/- or in multiples of Rs. 500/-.
INSTRUCTIONS & INFORMATION 1. Please refer this Key Information Memorandum and Combined Offer Document / Offer Document(s) for Applicable NAV, Risk Factors, Load and other information on the Scheme(s). 2. If you are investing in a Scheme for the first time using the Systematic Investment Plan, please fill in all sections in the Application Form except the section titled Investment Details. The investment details must be indicated in the Systematic Investment Section of this form. 3. You can opt for Systematic Investment in the Scheme on a monthly basis by issuing post-dated investment cheques (Min. 6 Cheques) for a pre-defined amount. 4. The aggregate of your Systematic Investment cheques should not be less than the minimum investment requirement for the Scheme. Please note that the Systematic Investment Plan would automatically be terminated if two consecutive post-dated cheques are dishonoured. 5. In case of Systematic Withdrawal / Systematic Transfer, you can choose between withdrawal / transfer of a Fixed Sum (not below Rs.1,000/-) or the Entire Appreciation in your investment. 6. If each SIP / STP amount is >= Rs. 50,000/- then please furnish your PAN details and enclose a photocopy of PAN Card / PAN Allotment Letter / Tax Refund of all applicants. In case of minor applicants, please furnish the PAN details and PAN proof of the Guardian. In case you are not having a PAN then please furnish your declaration in Form 60 / Form 61 in duplicate. 7. Please indicate the commencement date in your SIP / SWP / STP request. In case of Fixed Sum Withdrawal / Transfer, the commencement date is the date on which your Systematic Withdrawal / Transfer starts. In case of Entire Appreciation Withdrawal / Transfer, the commencement date is the base date from which your appreciation gets computed. Your first Withdrawal / Transfer in this case would happen after a month from the commencement date (if you have chosen the SWP / STP frequency as monthly) or after a quarter from the commencement date (if you have opted for quarterly SWP / STP). 8. We would send you an Account Statement confirming each Systematic Investment / Systematic Withdrawal / Systematic Transfer within 3 working days from the date of the transaction. 9. You can choose to discontinue any of these facilities by giving 7 days written notice to our Registrar CAMS at the address below. CHECKLIST Please ensure : Your Name, Account No. / Application No. is mentioned. The Form is complete in all respects & signed by all Applicants. Systematic Investment Plan - (CHECKLIST I) Your monthly/ quarterly investment Cheque is for Rs. 1000/- or more. Your aggregate SIP investment is not below the Minimum Investment requirement for the Scheme. Your preferred SIP Date and the period for which you wish to continue the SIP is mentioned in the Form. Your investment cheques are dated for the preferred SIP date for each consecutive month & signed. Your investment cheques contain your Account No. / Application No. on their reverse. Systematic Withdrawal Plan - (CHECKLIST II) Scheme / Plan / Option from which you wish to withdraw (redeem) your investment is clearly indicated. Your choice of Fixed Sum Withdrawal or Entire Appreciation Withdrawal is indicated clearly. If you have opted for withdrawal of a Fixed Sum, your withdrawal amount requested is not below Rs. 1000/-. Your preferred SWP Date, SWP Frequency (Monthly or Quarterly) and SWP period is clearly indicated. Systematic Transfer Plan- (CHECKLIST III) Scheme / Plan / Option from and to which you wish to transfer (switch) your investment is clearly indicated. Your choice of Fixed Sum Transfer or Entire Appreciation Transfer is indicated clearly. If you have chosen transfer of a Fixed Sum, your transfer request is for an amount not below Rs. 1000/-. Your preferred STP Date, STP Frequency [Weekly (Only on 1st, 7th, 14th and 21st), Monthly or Quarterly] and the STP period is clearly indicated.
Kotak Mahindra Mutual Fund 91/92, 9th Floor, Sakhar Bhavan, 230, Nariman Point, Mumbai 400 021 022-6638 4444 www.kotakmutual.com mutual@kotak.com
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SYSTEMATIC INVESTMENTS SNAPSHOT

Schemes where SIPs are allowed Frequency Choice of Dates Minimum Investment Minimum Installments First SIP Second & Subsequent SIPs All open-ended schemes except Institutional & Institutional Premium Plans under Kotak Liquid scheme. Monthly or Quarterly 1st, 7th, 14th & 21st Rs. 1000/- (Rs. 500 & in multiples of Rs. 500 in case of Kotak Tax Saver) 6 (All SIP installments should be for the same amount) Can be done on any Day of the Month Needs to be compulsorily a cheque Only on specified SIP Dates (1st / 7th / 14th / 21st) after a minimum gap of 28 days from date of first SIP. Can be through ECS Debit (in select locations) or Post-Dated Cheques based on your preference.
INSTRUCTIONS & INFORMATION

1. 2. Please refer the Key Information Memorandum and Offer Document of the respective Scheme(s) for Applicable NAV, Risk Factors, Load Structure and other information before investing. (i) Existing unitholders need not fill in the Investment Application Form. However, they must compulsorily mention their Account Number in the Systematic Investment Form. (ii) New Applicants need to compulsorily fill in all sections in the Investment Application Form except the section titled Investment Details in addition to Systematic Investment Form. The Application No. must be compulsorily mentioned in the Systematic Investment Form. If each SIP amount is >= Rs. 50,000/- then please furnish your PAN details and enclose a photocoy of PAN Card / PAN Allotment Letter / Tax Refund of all applicants. In case of minor applicants, please furnish the PAN details and PAN proof of the Guardian. In case you are not having PAN then please furnish a declaration in Form 60 / 61 in duplicate. You can opt for Systematic Investment in the Scheme on a monthly / quarterly basis through post-dated cheques / auto-debti for a pre-defined amount. This facility is available only on specified dates of the month / quarter viz. 1st, 7th, 14th & 21st. Please date your investment cheques for any of these dates. First SIP Installment : (i) Your first SIP can be for any day of the month, however subject to the condition that, there shall be a minimum gap of 28 days between the first and the second SIP. (ii) Second & Subsequent SIP installment : Your second and subsequent SIPs are available only on above specified dates of the month. You can choose only one of these dates for the purpose of SIP. In case the chosen date turns out to be a non-Business Day for the scheme, the SIP will be processed on the immediately following Business Day. We would send you an Account Statement confirming your systematic investment within 3 Business Days from the date of your first systematic investment transaction. Confirmation for subsequent Systematic Investments would be send to you on a quarterly basis. Modification / Cancellation of SIP : You can request for a modification / cancellation of your SIP at any time. Your modification / cancellation request shall be processed within 20 days of receipt of your request. Any modification request should be accompanied by : (i) A new SIP form duly filled in and carrying the revised SIP request details. (ii) A written and signed confirmation for discontinuance of the existing SIP. If two consecutive SIPs fall, your SIP will automatically stand terminated. If, upon termination / cancellation of your SIP it is observed, that your unitholding in the scheme is less than the minimum investment requirement for the scheme, your units will be redeemed at the applicable NAV of the immediately following 1st or 14th of the month, whichever is earlier and if that date happens to be a non-Business Day for the scheme on the immediately following Business Day thereafter. Incorrect, incomplete, ambiguous forms will not be accepted and will be returned to the investor within 30 days of their receipt.
3. 4. 5.
6. 7.
8. 9.
SIP AUTO-DEBIT : TERMS & CONDITIONS

Our SIP Auto-Debit Facility is offered to you using RBIs Electronic Clearing Service (ECS) for effecting SIP payments. By opting for this facility you agree to abide by the terms and conditions of ECS Facility of Reserve Bank of India. This facility is offered only to investors having bank accounts in any of the cities listed below : LIST OF LOCATIONS FOR SIP AUTO-DEBIT (THROUGH ECS) Agra | Ahmedabad | Allahabad | Amritsar | Aurangabad | Bangalore | Baroda | Bhilwara | Bhopal | Bhubaneshwar | Calicut | Chandigarh | Chennai | Cochin | Coimbatore | Dehradun | Delhi | Erode | Gorakhpur | Guwahati | Gwalior | Hubli | Hyderabad | Indore | Jaipur | Jalandhar | Jammu | Jamshedpur | Jodhpur | Kanpur | Kolhapur | Kolkata | Lucknow | Ludhiana | Madurai | Mangalore | Mumbai | Mysore | Nagpur | Nasik | Panjim | Patna | Pondicherry | Pune | Raipur | Rajkot | Salem | Solapur | Surat | Tirupur | Trichur | Trichy | Trivandrum | Udaipur | Varanasi | Vijayawada | Vizag The cities in the list may be modified / updated / changed / removed at any time in future entirely at the discretion of Kotak Mahindra Mutual Fund without assigning any reasons or prior notice. Direct Debit Facility is available across all the branches of Kotak Mahindra Bank, UTI Bank and IDBI Bank. Your Bank Branch through which you want your SIP Auto-Debits to take place should participate in local MICR Clearing. In case your bank decides to cross-verify the ECS auto-debit mandate with you as the Bank's customer, you would need to promptly do the same. Kotak Mahindra Mutual Fund, its Investment Manager, Registrar and other service providers will not be liable for any transaction failures due to rejection of the transaction by your bank / branch or its refusal to register the SIP mandate. You will not hold Kotak Mahindra Mutual Fund, its Investment Manager, Registrar and other service providers responsible if the transaction is delayed or not effected or your bank accounts is debited in advance or after the specific SIP date due to various clearing cycles of ECS. Kotak Mahindra Mutual Fund, its Investment Manager, Registrar and other service providers shall not be responsible and liable for any damages / compensation for any loss, damage, etc. incurred by you as a result of use of this facility by you. If you have not indicated any of your SIP preferences completely in the form, or in case of any discrepancy, we would presume the same as below : SIP Frequency : Monthly; SIP Date : 7th; No. of SIPs : Six, SIP Amount : same as the amount on 1st cheque / DD, Scheme Name : same as mentioned on the 1st cheque
CHECKLIST
Please ensure that : w If you are an existing investor, you have quoted your Account No. with Kotak Mahindra Mutual Fund on the Systematic Investment Form. w If you are a new investor, your Application Number is quoted on the Systematic Investment Form. w Scheme (Plan) - Option in which you wish to do your systematic investments is clearly indicated in the Systematic Investment Form. w The SIP Amount, the Frequency, your preferred Date and Period are clearly indicated. w There is minimum gap of 28 days between your first & second SIP.
AUTO-DEBIT
w w w w w w Your First SIP Cheque is from the same bank from which you wish your SIP Auto-Debits to happen. Your First SIP Cheque details are clearly indicated in the Systematic Investment Form. Your Bank Account Details are correctly and completely furnished including the 9 Digit MICR Code which is mandatory for SIPs through ECS. Your Systematic Investment Form carries the signatures of the Bank Account Holders as it appears in the Bank Records. A copy of your First SIP Cheque is enclosed with your SIP Application. If your First SIP Investment is through a Demand Draft / Pay Order, please ensure that your Bank details and Signatures are attested by your Bankers.
POST-DATED CHEQUES
w w w Your investment cheques are drawn in favour of the Scheme, dated for your preferred SIP date for each consecutive month / quarter & signed. Each SIP cheque is drawn for the same Amount. Your investment cheques contain your Account No. / Application No. on their reverse.
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Kotak Com FRM - SIP Investment Form's Instruction
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OFFICIAL ACCEPTANCE POINTS

KOTAK MAHINDRA ASSET MANAGEMENT COMPANY LIMITED
Mumbai : 91/92, 9th Floor, Sakhar Bhavan, 230 Nariman Point, Mumbai - 400 021. Ahmedabad : 9-11, IInd Floor, Siddhivinayak Complex, Shivranjini Cross Road, Satellite, Ahmedabad-380 015 Bangalore : 2nd Floor, Umiya Landmark, 10/7, Lavelle Road, Bangalore - 560 001. Bhubaneshwar : Plot No. 501 / 1741, Centre Point, Unit No. 3, Kharabela Nagar, Bhubaneshwar - 751 001 Chandigarh : 1st Floor, Deepak Towers, S.C.O. 154-155, Sector 17C, Chandigarh - 160 017. Chennai : 1-E, 1st Floor, Eldorado Building, No. 112, Nungambakkam High Road, Chennai - 600 034. Hyderabad : Jewel Pavani Towers, IInd Floor, 6-3-1109/1, Somajiguda, Hyderabad - 500 082. Kanpur : 111, 1st Floor, Kan Chambers, 14/113, Civil Lines, Kanpur - 208 001. Kolkata : Appejay House, Block C, 7th Floor, 15 Park Street, Kolkata - 700 016. Madurai : A R Plaza, No. 16 & 17, North Veli Street, Madurai - 625 001. New Delhi : 12-14, Upper Ground Floor, Ambadeep Building, 14, Kasturba Gandhi Marg, New Delhi - 110 001. Pune : 201-202, 2nd Floor, Sohrab Hall, 21, Sasoon Road, Pune - 411 001 Vadodara : 1st Floor, 108, Avanti Chambers, Anand Society, Behind Express Hotel, RC Dutt Road, Vadodara - 390 005.
COMPUTER AGE MANAGEMENT SERVICES PRIVATE LIMITED (CAMS) INVESTOR SERVICE CENTRES
Ahmedabad : 402-406, 4th Floor - Devpath Building, Off C G Road, Behind Lal Bungalow, Ellis Bridge, Ahmedabad - 380 006 Bangalore : Trade Centre, 1st Floor, 45, Dikensen Road , ( Next to Manipal Centre ), Bangalore - 560 042 Bhubaneswar : 101/ 5, Janpath, Unit III , Near Hotel Swosti, Bhubaneswar - 751 001 Coimbatore : Old # 66 New # 86, Lokamanya Street (West), Ground Floor, R.S.Puram, Coimbatore - 641 002 Cochin : 40 / 9633 D, Veekshanam Road, Near International hotel, Cochin - 682 035 Chandigarh : Deepak Towers, SCO 154-155, 1st Floor, Sector 17-C, Chandigarh - 160 017 Chennai : Ground Floor No.178/10, Kodambakkam High Road, Opp. Hotel Palmgrove, Nungambakkam, Chennai - 600 034 New Delhi : 304-305 III Floor, Kanchenjunga Building, 18, Barakhamba Road, New Delhi - 110 001 Durgapur : 4/2, Bengal Ambuja Housing Development Ltd., Ground Floor, City Centre, Dist. Burdwan, West Bengal, Durgapur - 713 216 Goa : No.108, 1st Floor, Gurudutta Bldg, Above Weekender, M G Road, Panaji (Goa) - 403 001 Hyderabad : 102, First Floor , Jade Arcade, Paradise Circle, Secunderabad - 500 003 Indore : 101, Shalimar Corporate Centre, 8-P, South Tukoganj, Opp. Green Park, Indore - 452 001 Jaipur : G-III, Park Saroj , Behind Ashok Nagar Police Station, R-7, Yudhisthir Marg ,C-Scheme, Jaipur - 302 001 Kanpur : G 27,28 Ground Floor, City Centre, 63/ 2, The Mall, Kanpur - 208 001 Kolkata : "LORDS Building", 7/1, Lord Sinha Road, Ground Floor, Kolkata - 700 071 Lucknow : Off # 4,1st Floor,Centre Court, 5. Park Road, Hazratganj , Lucknow - 226 001 Ludhiana : U/ GF, Prince Market, Green Field, Near Traffic Lights, Sarabha Nagar Pulli, Pakhowal Road, Above Dr. Virdi's Lab, P.O Model Town, Ludhiana - 141 002 Mangalore : No. G 4 & G 5, Inland Monarch, Opp. Karnataka Bank , Kadri Main Road, Kadri, Mangalore - 575 003 Mumbai : Rajabahdur Compound, Ground Floor, Opp Allahabad Bank, Behind ICICI Bank, 30, Mumbai Samachar Marg, Fort, Mumbai - 400 023 Madurai : 86/71A, Tamilsangam Road, Madurai - 625 001 Nagpur : 145 Lendra, Behind Indus Ind Bank, New Ramdaspeth, Nagpur - 440 010 Pune : Nirmiti Eminence, Off No. 6, I Floor, Opp Abhishek Hotel Mehandale Garage Road, Erandawane, Pune - 411 004 Patna : Kamlalaye Shobha Plaza (1st Floor), Behind RBI Near Ashiana Tower, Exhibition Road, Patna - 800 001 Surat : Office No 2 Ahura -Mazda Complex, First Floor, Sadak Street, Timalyawad, Nanpura, Surat - 395 001 Vadodara : 109 - Silver Line, Besides world Trade Centre, Sayajigunj, Vadodara - 390 005 Visakhapatnam : 47/ 9 / 17, 1st Floor, 3rd Lane , Dwaraka Nagar, Visakhapatnam - 530 016 Vijayawada : 40-1-68, Rao & Ratnam Complex, Near Chennupati Petrol Pump, M.G Road, Labbipet, Vijayawada - 520 010
COMPUTER AGE MANAGEMENT SERVICES PRIVATE LIMITED (CAMS) TRANSACTION POINTS

Agra : F-39/203, Sky Tower, Sanjay Place, Agra - 282 002 Ajmer : Shop No.S-5, Second Floor, Swami Complex , Ajmer - 305 001 Allahabad : No. 7, 1st Floor, Bihari Bhavan, 3, S. P. Marg,, Civil Lines, Allahabad - 211 001 Alwar : 256A, Scheme No. 1, Arya Nagar, Alwar - 301 001 Amaravati : 81, Gulsham Tower, 2nd Floor , Near Panchsheel Takies, Amaravati - 444 601 Amritsar : 378-Majithia Complex, 1st Floor, M. M. Malviya Road, Amritsar - 143 001 Anand : 101/A A P Tower, Sardar Gunj, Anand - 380 001 Asansol : Block G 1st Floor , P C Chatterjee Market Complex, Rambandhu Talab P O Ushagram, Asansol - 713 303 Aurangabad : Office No. 1, 1st Floor, Amodi Complex, Juna Bazar, Aurangabad - 431 001 Balasore : B C Sen Road, Balasore - 756 001 Belgaum : Tanish Tower, CTS No. 192/A, Guruwar Peth, Tilakwadi, Belgaum - 590 006 Bellary : No.18A, 1st Floor, Opp. Ganesh Petrol Pump, Parvathi Nagar Main Road, Bellary Berhampur : Gandhi Nagar main Road, 1st Floor, Upstairs of Aroon Printers, Berhampur - 760 001 Bhavnagar : 305-306, Sterling Poin, Waghawadi Road, OPP. HDFC BANK, Bhavnagar - 364 002 Bhilai : 209 , Khichariya Complex, Opp IDBI Bank, Nehru Nagar Square, Bhilai - 490 020 Bhilwara : C/o Kodwani & Associates, F-20-21, Apsara Complex, Azad Market, , Bhilwara - 311001 Bhopal : C-12, Near City Bank, Above Delhi Prakashan Agency, Zone-I, M.P.Nagar, Bhopal - 462 011 Bhuj : Data Solution, Office No:17, I st Floor, Municipal Building Opp Hotel Prince, Station Road, Bhuj - Kutch - 370 001 Bokaro : HC-3, Ist Floor, CityCentre, Sector-4, Bokaro Steel City, Bokaro - 827 004 Burdwan : 399, G. T. Road, Opposite of Talk of the Town, Burdwan - 713 101 Calicut : 17/28, H 1st Floor, Manama Building, Mavoor Road, Calicut - 673 001 Cuttack : Near Allahabad Bank, Cantonment Road, Cuttack - 753 001 Davenegere : 13, Ist Floor, Akkamahadevi Samaj Complex, Church Road, P.J.Extension, Devengere - 577002 Dehradun : 204/121 Nari Shilp Mandir Marg , Old Connaught Place, Dehradun - 248 001 Dhanbad : Urmila Towers , Room No: 111(1st Floor) , Bank More, Dhanbad - 826 001 Erode : 199/1, Brough Road, (Near Sivaranjani Hotel), Erode - 638 001 Faridabad : B-49, First Floor, Nehru Ground, Behind Anupam Sweet House, NIT, Faridabad - 121 001 Ghaziabad : 207/A-14, IInd Floor, Devika Chamber, RDC, Raj nagar, Gazhiabad - 201 002 Gorakhpur : Shop No. 3, Second Floor, Cross Road, A.D. Chowk, Bank Road , Gorakhpur - 273 001 Guntur : Door No 5-38-44, 5/1 BRODIPET, Near Ravi Sankar Hotel, Guntur - 522 002 Gurgaon : 2319, 1st Floor,Block no.3, Opp. Air Force Golden Jubilee School, Delhi Road, Sector 14, Gurgaon - 122 001 Guwahati : Old post office lane, A. K. Azad Lane, Rehabari, Guwahati - 781 008 Gwalior : 1st Floor, Singhal Bhavan, Daji Vitthal Ka Bada, Old High Court Road, Gwalior - 474 001 Hosur : Shop No.8 J D Plaza, Opp. TNEB Office, Royakotta Road, Hosur - 635 109 Hubli : 206 & 207. 1st Floor, 'A' Block, Kundagol Complex, Opp Court, Club road, Hubli - 580 029 Jabalpur : 975,Chouksey Chambers, Near Gitanjali School, 4th Bridge, Napier Town, , Jabalpur - 482 001 Jalandhar : 367/8, Central Town, Opp. Gurudwara Diwan Asthan, Jalandhar - 144 001 Jalgaon : Right Infotech, F-16, II nd Floor, Golani Market, , Jalgaon - 425 001 Jammu : 660- A Near Digital Wares, Lane opposite Dushara Ground, Front Gate, Gandhi Nagar, Jammu - 180 004 Jamnagar : 217/218, Manek Centre , P.N. Marg, Jamnagar - 361 001 Jamshedpur : Room No. 15, Ist Floor,, Millennium Tower, "R" Road, , Bistupur, Jamshedpur - 831 001 Jodhpur : 1/5, Nirmal Tower, Ist Chopasani Road, Jodhpur - 342 003 Kalyani : A - 1/50, Block - A, Nadia Dt, Kalyani - 741 235 Kolhapur : AMD Sofex Office No.7, 3rd Floor, Ayodhya Towers, Station Road, Kolhapur - 416 001 Kota : B-33 'Kalyan Bhawan, Triangle Part ,Vallabh Nagar, Kota - 324 007 Kottayam : Door No. IX / 1276, Amboorans Building, Manorama Junction, Kottayam - 686 001 Manipal : Academy Annex, First Floor, Opposite Corporation Bank, Manipal - 576 104 Mathura : 159/160 Vikas Bazar, Mathura - 281 001 Meerut : 108 Ist Floor Shivam Plaza, Opposite Eves Cinema, Hapur Road, Meerut - 250 002 Moradabad : B-612 'Sudhakar', Lajpat Nagar, Moradabad - 244 001 Muzzafarpur : Brahman toli, Durga Asthan, Gola Road, , Muzaffarpur - 842 001 Mysore : No.1, 1st Floor, CH.26 7th Main, 5th Cross , (Above Trishakthi Medicals), Saraswati Puram, Mysore - 570 009 Nasik : "Varsha Bungalow", 1st Floor, Near Rungtha High School, 493, Ashok Stambh, Nasik - 422 001 Navsari : Dinesh Vasani & Associates, 103 -Harekrishna Complex, Above IDBI Bank, Nr. Vasant Talkies, Chimnabai Road, Navasari - 396 445 Nellore : 9/756, First Floor, Immadisetty Towers, Ranganayakulapet Road, Santhapet, Nellore - 524 001 Panipat : 83, Devi Lal Shopping Complex, Opp ABN Amro Bank, G.T.Road, Panipat - 132 103 Patiala : 35, New lal Bagh Colony, Patiala - 147 001 Pondicherry : S-8, 100, Jawaharlal Nehru Street, (New Complex, Opp. Indian Coffee House), Pondicherry - 605 001 Raipur : C-23, Sector 1 , Devendra Nagar, Raipur - 492 004 Rajahmundry : Cabin 101 D.no 7-27-4, 1st Floor Krishna Complex, Baruvari Street, T Nagar, Rajahmundry - 533 101 Rajkot : 111, Pooja Complex , Harihar Chowk, Near GPO , Rajkot - 360 001 Ranchi : 223,Tirath Mansion (Near Over Bridge),1st Floor, Main Road, Ranchi - 834 001 Ratlam : Dafria & Co, 81, Bajaj Khanna, Ratlam - 457 001 Rohtak : 205, 2nd Floor, Blg. No. 2, Munjal Complex, Delhi Road, Rohtak - 124 001 Rourkela : 1st Floor , Mangal Bhawan , Phase II , Power House Road , Rourkela - 769 001 Salem : No. 2, 1st Floor, Vivekanand Street, New Fair Lands, Salem - 636 016 Sambalpur : C/o Raj Tibrewal & Associates, Opp.Town High School,Sansarak, Sambalpur - 768 001 Siliguri : No 8, Swamiji Sarani, Ground Floor, Hakimpara , Siliguri - 734 401 Tirunelveli : III Floor, Nellai Plaza, 64-D, Madurai Road, Tirunelveli - 627 001 Tirupathi : Shop No14, Boligala Complex, 1st Floor, Door No. 18-8-41B, Near Leela Mahal Circle, Tirumala Byepass Road, Tirupathi - 517 501 Tirupur : 1(1), Binny Compound, Iind Street, Kumaran Road, Tirupur - 641 601 Trichur : Adam Bazar, Room no.49, Ground Floor, Rice Bazar (East) , Trichur - 680 001 Trichy : No 8, I Floor, 8th Cross West Extn, Thillainagar, Trichy - 620 018 Trivandrum : Tc 15 / 2012, Sheelatha Building, Womens' College Lane, Vazuthacadu, Trivandrum - 695 014 Udaipur : 32 Ahinsapuri, Fatehpura Circle, Udaipur - 313 004 Valsad : C/o. CAD House, Siddhivinayak Complex, Tithal Road, F-1, First Floor, Avenue Building, Near R.J.J. School, Valsad - 396 001 Varanasi : C 27/249 - 22A, Vivekanand Nagar Colony, Maldhaiya, Varanasi - 221 002 Vashi : Mahaveer Center, Office No:17, Plot No:77, Sector 17, Vashi - 400 703 Vellore : No.54, Ist Floor, Pillaiyar Koil Street, Thottapalayam, Vellore - 632 004 Warangal : F13, 1st Floor, BVSS Mayuri Complex, Opp. Public Garden, Lashkar Bazaar, Hanamkonda, Warangal - 506 001
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4/07

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KEY INFORMATION MEMORANDUM & APPLICATION FORMS

KOTAK TAX SAVER Kotak Tax Saver Scheme

KOTAK FLEXI DEBT Kotak Flexi Debt Scheme

KOTAK GLOBAL INDIA Kotak Mahindra Global India Scheme

KOTAK LIFESTYLE FUND Kotak Lifestyle Fund

KOTAK CASH PLUS Kotak Cash Plus

KOTAK OPPORTUNITIES Kotak Opportunities

KOTAK BALANCE Kotak Mahindra Balance Unit Scheme 99

KOTAK FLOATER LONG TERM Kotak Floater Long Term Scheme

KOTAK MID-CAP Kotak Midcap Scheme

KOTAK INCOME PLUS Kotak Mahindra Income Plus Scheme

KOTAK FLOATER SHORT TERM Kotak Floater Short Term Scheme

KOTAK TECH Kotak Mahindra Technology Scheme

KOTAK EQUITY FOF Kotak Equity FOF

KOTAK LIQUID Kotak Mahindra Liquid Scheme

KOTAK MNC Kotak Mahindra MNC Scheme

KOTAK BOND Kotak Mahindra Bond Unit Scheme 99

KOTAK CONTRA Kotak Contra Scheme

THE ASSET MANAGEMENT COMPANY

THE DATE OF THIS KEY INFORMATION MEMORANDUM IS APRIL 28, 2007.

Key Information Memorandum Equity Schemes

KOTAK MAHINDRA 30 UNIT SCHEME (KOTAK 30)

KOTAK MAHINDRA GLOBAL INDIA SCHEME (KOTAK GLOBAL INDIA)

Applicable NAV (Continuous Offer) for Purchase / Switch / Redemption

Expenses of the Scheme New Fund Offering Period Continuous Offer

* March 31, 2007 being a non-business day.

Key Information Memorandum Equity Schemes

KOTAK MID-CAP SCHEME (KOTAK MID-CAP)

Asset Allocation Pattern (Indicative Allocation)

* March 31, 2007 being a non-business day.

Past Performance may or may not be sustained in future

Key Information Memorandum Equity Schemes

KOTAK MAHINDRA TECHNOLOGY SCHEME (KOTAK TECH)

KOTAK MAHINDRA MNC SCHEME (KOTAK MNC)

* March 31, 2007 being a non-business day.

Key Information Memorandum Equity Schemes

KOTAK CONTRA SCHEME (KOTAK CONTRA)

Asset Allocation Pattern (Indicative Allocation)

Past Performance may or may not be sustained in future

Key Information Memorandum Equity Schemes

KOTAK TAX SAVER SCHEME (KOTAK TAX SAVER)

Asset Allocation Pattern (Indicative Allocation)

Minimum Application and Redemption Amount / Number of Units

Past Performance may or may not be sustained in future

Key Information Memorandum Equity Schemes

KOTAK LIFESTYLE FUND

Asset Allocation Pattern (Indicative Allocation)

Applicable NAV (Continuous Offer) for Purchase / Switch / Redemption

Past Performance may or may not be sustained in future

Key Information Memorandum Hybrid Schemes

KOTAK MAHINDRA BALANCE UNIT SCHEME 99 (KOTAK BALANCE)

KOTAK MAHINDRA INCOME PLUS SCHEME (KOTAK INCOME PLUS)

Risk Profile Options

Dividend Policy Minimum Application and Redemption Amount / Number of Units

Expenses of the Scheme New Fund Offering Period

Recurring Expenses (% p.a. of Daily Average Net Assets)

Fund Managers Benchmark Index

* March 31, 2007 being a non-business day.

Key Information Memorandum Fund of Funds Scheme

KOTAK EQUITY FOF

Initial Purchase Additional Purchase Redemption

Past Performance may or may not be sustained in future