Kotak Mahindra Old Mutual Life Insurance LTD

Kotak Mahindra Old Mutual Life Insurance Limited
BOARD OF DIRECTORS: MR. UDAY KOTAK (C), RAFAEL GALDON, MR. CRISPIN SONN, MR. GAURANG SHAH (MD), MR. PANKAJ DESAI (WTD), MR. SHIVAJI DAM, MR. DIPAK GUPTA, MR. VINEET NAYYAR, MRS. PALLAVI SHROFF AND MR. S. S. THAKUR.
Directors Report
Your Directors take pleasure in presenting their Tenth Report on the business and operations of your Company together with the Audited Financial Statements for the year ended 31st March, 2010. This year was a landmark in the history of the company and the company reported profit of around Rs. 70 crores. These remarkable results have been achieved by efficient management of Capital, Increased Productivity and cost consciousness as enumerated herein below: 1. FINANCIAL RESULTS Your Company continues to demonstrate a consistent, value-based growth in a challenging and competitive environment. The Financial Year 2009-10 was a year of continued strong growth for your Company. The summarised results of operation of the Company are as follows: (Rs. Crores) Particulars New Business Premium Adjusted New Business Premium* Total Premium Profit/(Loss) after Tax Number of Policies Written (Nos.) New Business Sum Assured Bonus to Policyholders Transfer from Shareholders to Policyholders Account Transfer from Policyholders to Shareholders Account * Single premium weighted at 1/10th Your Directors have declared an addition to the Policyholders Accumulation Account to give a return of 6.75% (2009 5%) to participating life policyholders and 8% (2009 7%) to annuity participating policyholders for the year ended 31st March, 2010. A reversionary bonus of 2% (2009 2%) has been declared on traditional products. The transfer from the Shareholders Account to the Policyholders Account during the current year was to make good deficits in two segments of business. Transfers from the Policyholders Account to Shareholders Account are the surplus in the Non-Participating policyholders account and amount not exceeding 10% distributed to the Participating Policyholder. 2. DIVIDEND In view of the past accumulated losses, your Directors do not recommend any dividend for the current year. 3. CAPITAL Your company is one of the most capital efficient users of capital in the life insurance space and in the top quartile of companies in the industry in terms of Premium to Capital ratio a measure of capital efficiency for the industry. During the year under review, the Authorised Share Capital of your Company was Rs. 625 Crores. While the Paid-up Share Capital of your Company was Rs. 510 Crores. There was no further capital infusion in 2009-10. 4. LICENCE The Insurance Regulatory and Development Authority has renewed your Companys licence to carry on the business of life insurance and annuity for the year 2010-11. 5. BUSINESS AND DISTRIBUTION CHANNELS The business of your Company is broadly divided into three major channels: a. Tied Agency Your Company continues its pursuit of creating and maintaining a professionally-trained life advisor force capable of providing appropriate advice and customised solutions to consumers. To encourage, develop and support successful life advisors and to enhance their skills, your Company had sponsored Life Advisors for Certified Financial Planner (CFP) and Kotak Financial Planner (KFP) course. Your companys life advisors are ranked among the top quartile of productive Life Advisors in the country. 18 71 30 20 Year ending March 2010 1,334 1,109 2,868 71 320,735 49,530 Year ending March 2009 1,343 1,293 2,343 14 495,316 47,146 Growth over 09 1% 14% 22% 390% 35% 5%
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
To improve life advisor and employee engagement, your company conducted programme to improve efficiency and productivity in Sales across the country. This is expected to drive retail sales behaviour and improve tracking and measurement of sales activity. This will help in building long term sustainable distribution. b. Alternate Channels Your company has added strong partnerships during the year and has focused in growing channel partner relationships. This has expanded the business both in terms of value and scale. Bancassurance Kotak Mahindra Bank continues to have the most significant share of Alternate channels business with new business premium of approx. Rs. 292 crores in FY 09-10. Besides Kotak Mahindra Bank, we have corporate agency / referral tie ups with several cooperative and commercial banks which together contributed Rs. 20 crores. Corporate agents Your Company had 95 corporate agencies tie ups as of 31st March, 10. It has 50 exclusive branches to manage local & regional relationships. Strengthening and growing this model was a major focus in FY 09-10. Brokers Your company has tie ups with 117 brokers. It has over 16% market share of business done by brokers in the industry and are at 3rd position on this basis (IRDA data 08-09). In FY 09-10 your company has grown business by approx 20% in this category. c. Group Insurance Your Companys Group Business continues to perform exceedingly well year-on-year. The Company provides a range of products from Term Insurance, Credit Insurance to Gratuity and Superannuation Schemes to cater to its group clientele. Strong relationships within the Kotak Group as also the IRDA licensed Insurance Brokers have resulted in generation of significant business in this segment. At the end of the year under review, 656 policies were on the books. Your Company generated a premium income of Rs. 221.34 crores (FY 2009 Rs. 148.28 crores) from the group insurance business, representing a growth of 49%. 6. BRANCH NETWORK In a hugely diversified market like India with multiple consumer segments, your Company has worked towards augmenting its footprint and establishing a wide reach. The branch presence has increased during the year to 214 branches across 152 cities (from 197 branches last year). The expansion was focused on Tier II cities which provided favourable business potential and enabled targeting of a larger segment of the semi-urban and rural population resulting in growth in rural policies. 7. BRAND Advertising space in life insurance industry is highly cluttered and the biggest challenge faced by your company was to create a distinct identity for its brand. In December, 09, a new Child Plan TV campaign was launched. The ad was well received. The new tag line Faidey Ka Insurance is based on your companys core strength of Investment Expertise and neatly combines the idea of good returns with protection. The TV campaign in December was followed by extensive Outdoor, radio and internet campaigns spread across India, from Jan. to Mar., 2010. To further strengthen the impact of the campaign your Company in association with Mattel India conducted a Scrabble Championship in 8 cities, reaching out to 85,000 children in 171 schools. As per AC Nielsen ORG MARGs March, 2010 survey, your companys total brand awareness scores have moved up from 82% in March, 2009 to 92%. Last year your company spread its internet footprint beyond lead generation to include initiatives such as Online Brand Promotion, Social Media Optimization and Search Engine Optimization. Cost reduction was another area of focus and inspite of increase in output your company managed to reduce the collateral printing and logistics cost significantly. In all 15 products and 15 funds were either launched or repackaged, enabling your company to offer a better portfolio for its customers. 8. PRODUCTS Year 2009-2010 was an important year in terms of the product portfolio, as the entire ULIP basket was realigned to meet IRDAs regulation on Cap on Charges. During the year, your Company modified its ULIP product portfolio by revising 12 of its existing products. These modified versions offer reduced charges resulting in a higher yield to the customer. The non-ULIP offering was boosted with the introduction of two revised plans, Kotak Term Plan and Kotak Preferred Term Plan. The revision resulted in around 35% reduction in Term rates making the products more competitive. The key products in your companys portfolio are Kotak Super Advantage, Kotak Platinum Edge, Kotak Guaranteed Pension Builder and Kotak Headstart Child plans. Kotak Super Advantage is a smart investment plan that optimizes returns through a combination of guaranteed returns
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
and high premium allocation. Kotak Platinum Edge is an investment oriented protection plan with unparalleled flexibility, targeted at high net worth individuals. Kotak Guaranteed Pension Builder that provides safety of capital along with inflation beating returns further strengthens the retirement basket. Kotak Headstart Plans are customized child plans with two variants that maximise wealth along with protection and provide additional survival units. Your Company also filed 4 specific products for the Online Sales Channel this year. These products include 2 Unit Linked, one each in Retirement and Investment categories and 2 Non-Unit linked Term Insurance Plans. These Term Insurance Plans are versions of the existing Term and Preferred Term plans with further reduced rates. The entire product basket for this channel offers simple products that promise value for money. 9. RURAL AND SOCIAL SECTORS During the year the Companys distribution was extended to Tier - II cities and rural areas. 64,337 policies (Previous year 103,335) were written in the rural sector representing 20.06% (Previous year 20.86) of the total policies. This is higher than the regulatory requirement as per the IRDA (Obligations of Insurers to Rural and Social Sectors) Regulations, 2002 of 19% of the total policies written in the financial year from the rural sector. Outperforming the regulatory requirement of covering 45,000 lives in the social sector, your company covered 131,166 lives (Previous year 70,922 lives). Tie-up with 5 new Micro Finance Institutions helped achieving these numbers. Your company takes the social sector targets not as an obligation, but with a sense of duty as a Life Insurance Company. 10. INDUSTRY SCENARIO The Insurance industry is entering into the next phase of consolidation. The Regulation pertaining to cap on charges will result in driving up efficiency and productivity. Companies will have to minimize costs, reduce capital infusion and focus on providing deep value to investors and stakeholders. The union budget presented in February 2010 has abolished service tax on premium allocation and administration charge and this should result in savings for Customers. Together, these measures will result in tangible and sustained value creation for all stakeholders. 11. HUMAN RESOURCES We are happy to inform you that the Leave Management System and Performance Management (Appraisals) have been automated this year. On the Engagement side, we had run the Gallup Survey to check for employee engagement levels, and are happy to inform you that our scores have improved since the last survey which was done 3 years ago. The action planning on the survey feedback will be taken up this year. With the external environment becoming more demanding, the development agenda this year would include more employees, with personal, managerial and leadership effectiveness gaining further impetus. Special emphasis is being placed on to transfer these learnings into clear and tangible outcomes for the organization. 12. INFORMATION TECHNOLOGY Your company has ramped up its technology backbone and made significant progress in improving self service capabilities of its customers, Life Advisors and employees, substantially improving overall process efficiencies. This has empowered our valued stakeholders, enabling them to use information efficiently and to their best advantage while reducing dependence on assorted outside sources, resulting in saving of time, efforts and cost. In recognition of its stellar efforts, your company has won the prestigious NASSCOM, CNBC TV 18 IT User Award and the Edge Award for the use of IT for maximising business impact. 13. OPERATIONS AND CUSTOMER SERVICE In FY 2009-10 your company introduced several new and innovative customer-centric initiatives, and made significant strides in up scaling its existing initiatives to deliver seamless, world class customer experience. Your company introduced the novel Welcome Calling initiative to new customers to inform them about their policy features, Online PDR (Premium deposit receipt) generation, Online Minor revival facility to revive policies in cases of minor lapse, Group Customer Portal to provide online access to Group Insurance customers to view policy details and perform online transactions like switches etc., and a new initiative for Policy Servicing for quick, efficient, cost effective and delightful customer service. Further, your company has established a centralised payment Cell for handling of all pre & post conversion refund payments to ensure faster payments & better control. Your company has also created a stand alone SMS platform to send manual SMS alerts to customers. The mandate of the Lapse Out calling initiative has been widened to include revival of policies in addition to reminders to customers in cases of policy lapsations. 14. COMPLIANCE AND INTERNAL CONTROL The Compliance and Internal Control function is not only the custodian of regulatory framework but also counsels other functions within the Company on the changing regulations and their implications within the industry. During the financial year there were many new significant
circulars, some of these were Cap on charges, Corporate Governance, Public Disclosures etc. All the Regulatory changes were implemented in a timely and smooth manner. Your Company believes in proactive compliance to ensure that our practices are amongst the best in the industry. The Compliance processes of your Company are complimented by independent audit conducted across various functions. As a part of good Corporate Governance, the Audit Committee reviews the findings of the internal auditors who report directly to the Audit Committee. Your Company has a Compliance Policy and a Risk Management framework in place, in order to mitigate risks across the various functions of the Company and suitable measures are taken to proactively manage risks at all levels. 15. INVESTMENTS Your Company manages its investments within the overall framework laid out by the Investment Committee as well as the IRDA. The Company has implemented systems to help in analysis of investment portfolio, which acts as an enabler to the front-end Investment team in asset allocation and stock selection. Further, the Company has well staffed Investment team which has been structured for effective function and independent checks to constantly monitor investment performance and analysis. The total Assets under Management for traditional and Unit Linked Funds has crossed Rs. 6,700 crores during FY 10. 16. PROCESS EXCELLENCE You will be glad to know that in FY 2009-10, the Corporate Marketing and Communications, Treasury and Investment, Accounts and Finance and Human Resources departments of your company achieved the prestigious ISO 9001:2008 certification awarded by TV SD, the global certifying organisation. This is in addition to Central Processing Centre including Customer Service, Underwriting and Claims department which continue to be certified by the said standard. 17. CORPORATE GOVERNANCE Your Company has consciously endeavoured to follow the policy of transparency, accountability and always held the interest of all its stakeholders to be of paramount importance. Your Company has implemented the requirement of Corporate Governance circular issued by IRDA. Further it also complies with most of the provisions of the Listing Agreement of the Stock Exchanges with regard to corporate governance, although the same are not applicable. 18. BOARD OF DIRECTORS AND COMMITTEES Mr. Shivaji Dam and Mr. Crispin Sonn who are liable to retire by rotation at the ensuing Annual General Meeting of the Company, are eligible for re-appointment. During the year, Mr. Andrew Cartwright, alternate director to Mr. Paul Hanratty resigned w.e.f. April, 28, 2009 and Mr. Mukesh Mittal was appointed as alternate director to Mr. Paul Hanratty w.e.f. April 29, 2009. Mr. Mukesh Mittal, alternate director to Mr. Paul Hanratty ceased to be director w.e.f. September 10, 2009 and Mr. Andrew Cartwright was appointed as alternate director to Mr. Paul Hanratty w.e.f. September 30, 2009. Mr. Hasan Askari, director resigned from directorship w.e.f. September 30, 2009 and Mr. Rafael Galdon was appointed as director to fill up the casual vacancy caused by resignation of Mr. Hasan Askari w.e.f. September 30, 2009. Mr. Paul Hanratty has resigned from the directorship of the Company on February 11, 2010, subsequent to which Mr. Andrew Cartwright alternate director to Mr. Paul Hanratty ceased to be director w.e.f. February 11, 2010. Mr. Crispin Sonn was appointed as director to fill up casual vacancy caused by resignation of Mr. Paul Hanratty w.e.f. February 11, 2010. The Board places on record its appreciation for the valuable guidance and contribution made by all the directors during their tenure as directors of the Company. Mr. Gaurang Shah, is stepping down as Managing Director w.e.f. April 30, 2010. However, considering his vast experience in the field of finance and insurance, he is appointed as additional director on Board of the Company w.e.f. May 1, 2010. Pursuant to the proviso of Section 260 of the Companies Act, 1956, he holds office as a director upto the date of this Annual General Meeting but is eligible to be appointed as a Director in terms of Section 257 of the Companies Act, 1956, the Company has received notice in writing from a member along with a requisite deposit of Rs. 500/- proposing the candidature of Mr. Gaurang Shah for his appointment as Director. Mr. Pankaj Desai is appointed as Managing Director in place of Mr. Gaurang Shah w.e.f. May 1, 2010 for a period of three years subject to approval of shareholders and Insurance Regulatory and Development Authority. The approval of the shareholders in this regard is sought at the ensuing Annual General meeting of the Company. Your Company has ten Directors on its Board. Eight of such Directors are Non-Executive Directors out of which four are Independent Directors. The Chairman of the Board holds a non-executive position and the Chairman of Audit Committee is an Independent Director.
The following are the Members of the Board of Directors, along-with their positions in respective Committees of the Board: Member of the Board of Directors Uday Kotak Rafael Galdon Gaurang Shah Shivaji Dam Crispin Sonn Dipak Gupta Pallavi Shroff S. S. Thakur Vineet Nayyar Pankaj Desai Chairman Vice-Chairman Managing Director Independent Director Director Director Independent Director Independent Director Independent Director Whole-time Director Audit Committee Member Invitee Member Member Chairman Investment Committee Member Member Member Chairman Member Banking Committee Member Chairman Remuneration Committee Chairman Member Member
During the year under review, meetings of the Board of Directors, Audit and Investment Committees of the Board were held on the following dates: Board Meeting April 29, 2009 September 30, 2009 December 11, 2009 February 11, 2010 19. AUDITORS M/s. S. R. Batliboi & Co., Chartered Accountants and M/s. M. P. Chitale & Co., Chartered Accountants, the Joint Statutory Auditors of the company retire at the conclusion of the ensuing Annual General Meeting and being eligible offer themselves for reappointment. 20. MANAGEMENT REPORT Pursuant to the provisions of Regulation 3 of the Insurance Regulatory and Development Authority (Preparation of Financial Statements and Auditors Report of Insurance Companies) Regulations, 2002, the Management Report forms a part of the financial statements. 21. STATUTORY INFORMATION PUBLIC DEPOSITS: During the period under review, your Company has not accepted any deposits from the public. PARTICULARS OF EMPLOYEES: The information required under Section 217(2A) of the Companies Act, 1956, read with the Companies (Particulars of Employees) Rules, 1975 is enclosed herewith. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO: i. Conservation of Energy and Technology Absorption: In view of the nature of business of the company, the information relating to the conservation of energy and technology absorption as required under Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules, 1988, is not required to be given. ii. Foreign Exchange Earnings and Outgo: (Rs. in Crores) Particulars Foreign Exchange Earned: Foreign Exchange Outgo: 2009-10 NIL 18.83 2008-09 NIL 19.86 Audit Committee Meeting April 29, 2009 September 30, 2009 December 11, 2009 February 11, 2010 Investment Committee Meeting April 28, 2009 September 29, 2009 December 10, 2009 February 10, 2010
22. DIRECTORS RESPONSIBILITY STATEMENT Based on representations from the Management, your Directors state, in pursuance of Section 217(2AA) of the Companies Act, 1956, that: a. b. Your Company has, in the preparation of the annual accounts for the year ended 31st March, 2010, followed the applicable accounting standards along-with proper explanations relating to material departures, if any; The Directors have selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent, so as to give a true and fair view of the state of affairs of your Company as at 31st March, 2010, of the surplus in the Revenue Account and the loss in the Profit and Loss Account of your Company for the financial year ended 31st March, 2010; The Directors have taken proper and sufficient care to the best of their knowledge and ability, for the maintenance of adequate accounting records in accordance with the provisions of the Act, for safeguarding the assets of your Company and for preventing and detecting fraud and other irregularities; and The Directors have prepared the annual accounts on a going concern basis.
c.
d.
23. In response to point no. 9 Disclosure Requirements of CORPORATE GOVERNANCE GUIDELINES FOR INSURANCE COMPANIES, following are the additional disclosures: Quantitative and qualitative information on the insurers financial and operating ratios, namely, incurred claim, commission, and expenses ratios: Year ending March, 2010 (1) Claims Ratio: a. b. (2) a. b. (3) a. b. Claims as % of Total Premium (Claims does not include Surrender, Maturity and Survival Benefits) Surrender, Maturity and Survival benefits as % of Total Premium New Business Commission as a % of New Business Premium Total Commission as a % of Total Premium Policy holder expenses as a % of Total Premium (Policy holder expenses does not include service tax expense) Ratio of expenses of management 2.88% 14.44% 11.11% 6.07% 2.51% 7.86% 15.44% 9.67% Year ending March, 2009
Commission Ratio:
Expenses Ratio: 18.84% 26.08% 24.86% 35.60%
Actual Solvency margin details vis-a-vis the required margin: Year ending March, 2010 Actual Required Policy lapse ratio: Year ending March, 2010 Lapse including ACM Ratio Conservation Ratio = C. Year Pure Renewal / (P. Year NB+P. Year Pure Renewal) Financial performance including growth rate and current financial position of the insurer Covered under Financial Results section of this Report A description of the risk management architecture Forms part of the Management Report 20.40% 70.50% Year ending March, 2009 19.80% 65.50% 2.80 1.50 Year ending March, 2009 2.69 1.50
Details of number of claims intimated, disposed of and pending with details of duration: Total Death Claims Summary Claims O/S at Start of Year Claims Intimated Claims Settled Claims Repudiated Claims O/S from date of intimation at End of Year* *Ageing for Claims O/S from date of inception at End of Year Less than 3 months 3 months and less than 6 months 6 months and less than 1 year 1 year and above Total 243 27 10 15 295 9.58 0.90 0.32 0.53 11.33 213 28 1 8 250 6.36 0.73 0.02 0.32 7.44 March, 2010 Count 250 3295 3140 110 295 (Rs. Cr.) 7.44 100.26 91.53 4.84 11.33 March, 2009 Count 251 1943 1731 213 250 (Rs. Cr.) 4.80 44.32 34.89 6.79 7.44
All pecuniary relationships or transactions of the Non-Executive Directors vis--vis the insurer shall be disclosed in the annual report Forms part of the Management Report 24. ACKNOWLEDGEMENTS The Directors thank the Insurance Regulatory and Development Authority for its continuous support. The Directors are grateful for the continued faith that the policyholders have reposed. The Directors acknowledge the support extended by their shareholders and express their appreciation of the fine performance of the employees that made this year a notable one.
For and on behalf of the Board of Directors Uday Kotak Chairman Place : Mumbai Date : 27th April, 2010
Management Report for the year ended March 31, 2010
In accordance with the Insurance Regulatory and Development Authority (Preparation of Financial Statements and Auditors Report of Insurance Companies) Regulations, 2002, the Board of Directors presents its Management Report for the year ended March 31, 2010. 1. 2. 3. 4. 5. 6. Validity of Registration: Your Directors confirm that the registration granted to the Company by the Insurance Regulatory and Development Authority is valid on this date. Statutory Dues: Your Directors certify that all the dues payable to the statutory authorities have been duly paid. Shareholding pattern: Your Directors confirm that the shareholding pattern and transfer of shares during the year are in accordance with the statutory and regulatory requirements. Investment of policyholders funds: During the year, your Company has not directly or indirectly invested outside India the funds of the holders of policies issued in India. Solvency margins: Your Directors confirm that the solvency margins as required by regulations prescribed by Insurance Regulatory and Development Authority of India have been maintained. Values of assets: Your Directors certify that the values of all the assets have been reviewed on the date of the Balance Sheet and that the assets set forth in the Balance Sheet are shown in the aggregate at amounts not exceeding their realisable or market value under the several headings Loans, Investments, Agents balances, Outstanding Premiums, Interest, Dividends and Rents outstanding, Interest, Dividends and Rents accruing but not due, Amounts due from other persons or bodies carrying on insurance business, Sundry Debtors, Bills Receivable Advances and other assets, Cash and the several items specified under Other Accounts. Application of life insurance funds: Your Directors certify that no part of the life insurance fund has been directly or indirectly applied in contravention of the provisions of the Insurance Act, 1938 (4 of 1938) relating to the application and investment of the life insurance funds. Risk exposure: Your Company recognises the risks associated with the life insurance business and plans to manage it by adopting prudent policies commensurate with the needs of the life insurance business. The key risks affecting the operations of the Company are underwriting risks, investment risks and operational risks. The underwriting risk is managed by the Companys underwriting function and further by establishing reinsurance treaties with various reinsurance companies. All risks above the pre-determined retention limits are reinsured. The investment risk is managed by creating a portfolio of different asset classes and of varied maturities so as to spread the risk across a wide category of investee companies. Your Company has constituted an Investment Committee of the Board of Directors, which acts as the policy making body for the investment operations. The Investment Committee lays down various internal policies and norms governing the functioning of the Investment Department. The investment strategy framed is kept appropriate to the underlying liabilities of the policyholders. The Investment Committee periodically discusses the investment strategy, portfolio structures, performance of the portfolio and other issues relating to the investment portfolio. This is then approved by the Board of Directors. The Investment Committee has in turn constituted the Asset & Liability Management Committee (ALM) and Credit Committee. The Asset & Liability Management Committee (ALM) reviews the Asset Liability Management Strategy, Investment Risk Management Strategy and other related risks periodically. The Credit Committee approves the credit limit for each Investee Company and approves the initial investment in any company. The committee also does a periodical review of the existing exposure of debt investments in other companies. The company has established a Risk Management Framework to manage, control and mitigate operational risks. Each function is required to ensure that all processes are documented, process risks are identified and that steps are taken to mitigate identified operational risks. An independent risk management function, in turn, reviews the risks identified, the effectiveness of the operational controls and ensures that risk mitigation steps suggested are implemented. Operational risks are also mitigated by audits conducted by an independent internal audit team. The Risk Committee meets at periodic intervals and lays down and reviews various internal policies and norms governing the risk function across the company. The Committee also reviews the top risks, mitigations implemented and progress made by the Risk Management Function. 9. Operations in other countries: Your Directors confirm that during the year ended March 31, 2010, your Company had no operations in other countries. (Rs. in lakhs) Linked Business Number of Claims Amount Involved 1056 2015.37 1056 2015.37
7.
8.
10. Ageing of claims: Claims registered and not settled: Period 30 days 30 days to 6 months 6 months to 1 year 1 year to 5 years 5 years and above Total Traditional Business Number of Claims Amount Involved 354 687.97 354 687.97
Ageing of claims has been done from the date of receipt of all claim requirements from the claimant.
11. Valuation of investments: For the Shareholders and non-linked policyholders investments your company considers its debt securities as held to maturity and measures them at amortised cost. Accretion of discount and amortisation of premium relating to debt securities is recognized over the maturity period on a straight line basis. Listed equity shares as at Balance Sheet date are stated at fair value being the lower of last quoted closing price on Bombay Stock Exchange Limited (BSE) and the National Stock Exchange Limited (NSE). Equity shares awaiting listing are stated at historical cost subject to provision for diminution, if any. Unrealized gains/ losses arising due to changes in the fair value of listed equity shares are taken to Fair Value Change Account and carried forward to Balance Sheet where the net balance is positive. Negative balance in the "Fair Value Change Account" is recognized in the Revenue Account\Profit and Loss Account to the extent of negative balance in Fair Value Change Account as reduced by the amount previously provided in the Revenue Account\Profit and Loss Account. All the shares in the Companys portfolio are quoted. In respect of the unit-linked business, all securities are valued on a Mark to Market basis. The discount on purchase of treasury bills, certificate of deposit and commercial papers are amortized over the period to maturity on a straight line basis. Floating rate instruments are valued at cost. 12. Review of asset quality and performance of investment: Your directors confirm that all the investments are performing investments. Your Company has investments in debt securities issued by the Government of India, public financial institutions, select banks and public sector undertakings with a AA and above rating/guaranteed by the Government. Shares of blue chip companies quoted on Indian Stock Exchanges are also a part of your Companys investment portfolio. 13. Responsibility Statement: Your Directors state that: (a) (b) In the preparation of financial statements, the applicable accounting standards, principles and policies have been followed; The accounting policies have been adopted and applied consistently and the judgements and estimates made are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the year and of the surplus under Revenue Account and of the profit in the Profit and Loss Account for the year ended March 31, 2010; Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the applicable provisions of the Insurance Act 1938 (4 of 1938)/Companies Act, 1956 (1 of 1956), for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities; The financial statements are prepared on a going concern basis; An internal audit system commensurate with the size and nature of the business exists and is operating effectively.
(c)
(d) (e)
14. Schedule of payments made to individuals, firms, companies and organizations in which the Directors are interested: Your Company has made the following payments to individuals, firms, companies and organizations in which the Directors are interested: Sl. Name of the Director/s No. 1. Uday Kotak, Shivaji Dam, Dipak Gupta 2. Uday Kotak 3. Uday Kotak 4. Uday Kotak, Shivaji Dam, Dipak Gupta Vineet Nayyar Pallavi Shroff SS Thakur SS Thakur Entity in which Director is interested Kotak Mahindra Bank Ltd. Interested as Director Amount of payment during the financial year (Rs in lakhs) 4089.06
Kotak Securities Ltd. Kotak Mahindra Asset Management Company Ltd. Kotak Mahindra Prime Ltd.
Director Director Director
744.55 392.68 141.30
5. 6. 7. 8.
The Mahindra Holiday & Resorts India Ltd. Juniper Hotels Private Ltd. Central Depository Services (I) Ltd. Kamat Hotels India Ltd.
Director Director Director Director Total
9.23 1.15 0.50 0.33 5378.8
Kotak Mahindra Old Mutual Life Insurance Limited
Uday Kotak Chairman Place : Mumbai Date : April 27, 2010
Gaurang Shah Managing Director
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li mi te d
Auditors Report
To the Members of Kotak Mahindra Old Mutual Life Insurance Limited 1. We have audited the attached Balance Sheet of Kotak Mahindra Old Mutual Life Insurance Limited ('the Company') as at March 31, 2010, the related Revenue Account, the Profit and Loss Account and the Receipts and Payments Account for the year ended on that date annexed thereto, which we have signed under reference to this report. These financial statements are the responsibility of the management of the Company. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in India. These standards require that we plan and perform the audit to obtain reasonable assurance as to whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. The Balance Sheet, the Revenue Account, the Profit and Loss Account and the Receipts and Payments Account have been drawn up in accordance with the Insurance Act, 1938 (Act 4 of 1938), Insurance Regulatory and Development Act, 1999, Insurance Regulatory and Development Authority (Preparation of Financial Statements and Auditors' Report of Insurance Companies) Regulations 2002 ('the Regulations') read with Section 211 of the Companies Act, 1956. As required by the Regulations, we set out in the Annexure, a statement certifying the matters specified in paragraph 4 of Schedule C to the Regulations. Further to our comments in the Annexure referred to above, we report that: (a) (b) (c) (d) (e) We have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purposes of the audit and have found them to be satisfactory; In our opinion and to the best of our information and according to the explanations given to us, proper books of account as required by law have been maintained by the Company, so far as appears from our examination of those books; As the Company's financial accounting system is centralised, no returns for the purposes of our audit are prepared at the branches of the Company; The Balance Sheet, the Revenue Account, the Profit and Loss Account and the Receipts and Payments Account referred to in this report are in agreement with the books of account; The actuarial valuation of policyholders' liabilities is the responsibility of the Company's Appointed Actuary ('the Appointed Actuary'). The actuarial valuation of these liabilities as at March 31, 2010 has been duly certified by the Appointed Actuary and in his opinion, the assumptions for such valuation are in accordance with the guidelines and norms issued by the Insurance Regulatory Development Authority ('IRDA') and the Institute of Actuaries of India in concurrence with IRDA. We have relied upon Appointed Actuary's certificate in this regard for forming our opinion on the financial statements of the Company; On the basis of written representations received from the Directors of the Company, as on March 31, 2010 and taken on record by the Board of Directors, none of the Directors is disqualified as on March 31, 2010 from being appointed as a Director in terms of clause (g) of sub-section (1) of Section 274 of the Companies Act, 1956.
2.
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4. 5.
(f)
6.
In our opinion and to the best of our information and according to the explanations given to us, we further report that: (a) (b) (c) (d) The investments have been valued in accordance with the provisions of the Insurance Act, 1938, the Regulations and/or orders/directions issued by IRDA in this behalf; The accounting policies selected by the Company are appropriate and are in compliance with the applicable accounting standards and with the accounting principles as prescribed in the Regulations and orders/directions issued by IRDA in this behalf; The Balance Sheet, the Revenue Account, the Profit and Loss Account and the Receipts and Payments Account referred to in this report are in compliance with the applicable accounting standards referred to under sub-section(3C) of Section 211 of the Companies Act, 1956; and The Balance Sheet, the Revenue Account, the Profit and Loss Account and the Receipts and Payments Account together with the notes thereon and attached thereto are prepared in accordance with the requirements of the Regulations, the Insurance Act, 1938, the Insurance Regulatory and Development Authority Act, 1999 and the Companies Act, 1956, to the extent applicable and in the manner so required and give a true and fair view in conformity with applicable accounting principles generally accepted in India as applicable to insurance companies: i. in the case of the Balance Sheet, of the state of affairs of the Company as at March 31,2010 ii. in the case of Revenue Account, of the surplus for the year ended on that date; iii. in the case of Profit and Loss account, of the profit for the year ended on that date; and iv. in the case of the Receipts and Payments Account, of the receipts and payments for the year ended on that date.
10
7.
Further, on the basis of our examination of books and records of the Company and according to the information and explanations given to us, we certify to the best of our knowledge and belief that: (a) (b) We have reviewed the Management Report attached to the financial statements for the year ended March 31, 2010, and there is no apparent mistake or material inconsistencies with the financial statements; and Based on information and explanations received during the normal course of our audit, management's representations made to us and the compliance certificate submitted to the Board by the officers of the Company charged with compliance and the same being noted by the Board, nothing has come to our attention which causes us to believe that the Company has not complied with the terms and conditions of registration as per sub-section 4 of section 3 of the Insurance Act, 1938. For M. P. Chitale & Co. Firm Registration No.: 101851W Chartered Accountants Murtuza Vajihi Partner Membership No. 112555 Place : Mumbai Date : April 27, 2010
For S. R. Batliboi & Co. Firm Registration No.: 301003E Chartered Accountants per Shrawan Jalan Partner Membership No. 102102 Place : Mumbai Date : April 27, 2010
11
Annexure to the Auditors Report
(Referred to in the Auditors' Report to the members of Kotak Mahindra Old Mutual Life Insurance Limited ('the Company') on the accounts for the year ended March 31, 2010)
Auditors' Certificate
To the Members of Kotak Mahindra Old Mutual Life Insurance Limited Based on the information and explanations given to us and to the best of our knowledge and belief, we certify that: 1. We have verified the cash balances, to the extent considered necessary, and securities relating to the Company's investments as at March 31 2010, by actual inspection or on the basis of certificates/confirmations received from the custodian and/or Depository Participant appointed by the Company, as the case may be. As at March 31, 2010, the Company does not have reversions and life interests; The Company is not a trustee of any trust; and No part of the assets of the Policyholders' Funds has been directly or indirectly applied in contravention to the provisions of the Insurance Act, 1938, relating to the application and investments of the Policyholders' Funds.
2. 3.
This certificate is issued to comply with Schedule C of the Insurance Regulatory and Development Authority (Preparation of Financial Statements and Auditor's Report of Insurance Companies) Regulations 2002, ('the Accounting Regulations') read with Regulation 3 of the Accounting Regulations and may not be suitable for any other purpose.
For S. R. Batliboi & Co. Firm Registration No.: 301003E Chartered Accountants per Shrawan Jalan Partner Membership No. 102102 Place : Mumbai Date : April 27, 2010
For M. P. Chitale & Co. Firm Registration No.: 101851W Chartered Accountants Murtuza Vajihi Partner Membership No. 112555 Place : Mumbai Date : April 27, 2010
12
Registration No: 107; Date of Registration: January 10, 2001
FORM A-RA Revenue Account for the year ended March 31, 2010
Policyholders' Account (Technical Account) (Amounts in thousands of Indian Rupees) Particulars Premiums earned net (a) Premium (b) Re-insurance ceded (c) Re-insurance accepted Income from investments (a) Interest, Dividends and Rent Gross Net of accretion/amortization of Discount/ Premium (Refer Schedule 16 Note 15(D)) (b) Profit on sale/redemption of investments (c) (Loss on sale/redemption of investments) (d) Transfer/Gain on revaluation/change in fair value Other Income (a) Contribution from Shareholders Account (Refer Schedule 16 Note 11) (b) Miscellaneous income (c) Profit/(Loss) on sale of fixed assets (Net) Total (A) Commission Operating Expenses related to Insurance Business Provision for doubtful debts Bad debts written off Provision for tax (Fringe Benefit Tax) Provisions (other than taxation) (a) For diminution in the value of investments (Net) (b) Others Total (B) Benefits paid (net) Interim Bonuses paid Change in valuation of liability in respect of life policies, (a) Gross (b) Amount ceded in Reinsurance (c) Amount accepted in Reinsurance Provision for Linked Liabilities Total (C) Surplus/(Deficit) (D) = (A) (B) (C) Appropriations Transfer to Shareholders' Account (Refer Schedule 16 - Note 10) Transfer to Other Reserve Balance being Funds for Future Appropriations Surplus after Appropriation Total (D) SURPLUS/(DEFICIT) BROUGHT FORWARD Surplus after Appropriation SURPLUS/(DEFICIT) CARRIED FORWARD TO BALANCE SHEET (a) Interim Bonuses Paid (b) Allocation of Bonus to Policyholders (c) Surplus/ (Deficit) shown in the Revenue Account
Schedule 1
Year ended March 31, 2010 28,680,489 (181,963) 2,600,612 3,581,464 (865,137) 5,222,304 176,960 28,267 693 39,243,689 1,679,165 5,738,369 (71,688) 7,345,846 4,966,829 2,165,947 23,075,443 30,208,219 1,689,624 708,478 966,294 14,852 1,689,624 37,981 14,852 52,833 197,236 14,852
Year ended March 31, 2009 23,431,925 (354,516) 1,710,812 1,370,387 (5,747,903) (785,482) 301,290 28,630 (53) 19,955,090 2,254,323 6,076,657 26,824 528 8,358,332 2,430,395 1,749,734 6,659,401 10,839,530 757,228 202,069 554,142 1,017 757,228 36,964 1,017 37,981 111,251 1,017
2 3
212,088 Total Surplus: [(a) + (b) + (c)] 112,268 The Schedules and accompanying notes are an integral part of this Revenue Account. As required by Section 40-B (4) of the Insurance Act, 1938, we certify that all expenses of Management in respect of life insurance business transacted in India by the Insurer have been fully recognized in this Revenue Account. As per our report of even date attached For and on behalf of the Board of Directors For M. P. Chitale & Co. Chartered Accountants Murtuza Vajihi Partner Mumbai April 27, 2010 For S. R. Batliboi & Co. Firm Registration No.:301003E Chartered Accountants Shrawan Jalan Partner Membership No-102102 Uday Kotak Chairman G. Murlidhar Chief Operating Officer & Company Secretary Mumbai April 27, 2010 Rafael Galdon Vice-Chairman Gaurang Shah Managing Director Dipak Gupta Director Andrew Cartwright Appointed Actuary
13
Registration No: 107; Date of Registration: January 10, 2001 Form A-PL Profit and Loss Account for the year ended March 31, 2010 Shareholders Account (Non-technical Account) (Amounts in thousands of Indian Rupees) Particulars Amounts transferred from Policyholders Account (Technical Account) (Refer Schedule 16 Note 10) Income from Investments (a) (b) (c) Interest, Dividends and Rent Gross- Net of amortisation (Refer Schedule 16 Note 15(D)) Profit on sale/redemption of investments (Loss on sale/redemption of investments) Total (A) Expenses other than those directly related to the insurance business Bad debts written off Provisions (other than taxation) (a) (b) (c) For diminution in the value of investments (Net) Provision for doubtful debts Others Contribution to the Policyholders Fund (Refer Schedule 16 Note 11) Total (B) Profit before tax Provision for taxation Current Year Earlier Year Profit after tax Appropriations (a) (b) (c) (d) (e) Balance at the beginning of the year Interim dividends paid during the year Proposed final dividend Tax on dividend distributed Transfer to reserves/other accounts (3,243,421) (2,551,175) 1.36 (3,386,822) (3,243,421) 0.29 692,246 143,401 176,960 220,498 692,246 301,290 321,708 143,401 176,108 28,171 (13) 912,744 43,538 209,619 117,595 (64,174) 465,109 20,418 Schedule Year ended March 31, 2010 708,478 Year ended March 31, 2009 202,069
Other Income
Loss carried to the Balance Sheet Earnings Per Share (Basic and Diluted) (in Rs.) (Refer Schedule 16 Note 21) The Schedules and accompanying notes are an integral part of this Profit and Loss Account.
As per our report of even date attached For M. P. Chitale & Co. Chartered Accountants Murtuza Vajihi Partner Mumbai April 27, 2010 For S. R. Batliboi & Co. Firm Registration No.:301003E Chartered Accountants Shrawan Jalan Partner Membership No-102102
For and on behalf of the Board of Directors Uday Kotak Chairman G. Murlidhar Chief Operating Officer & Company Secretary Mumbai April 27, 2010 Rafael Galdon Vice-Chairman Gaurang Shah Managing Director Dipak Gupta Director Andrew Cartwright Appointed Actuary
14
Form A-BS Balance Sheet as at March 31, 2010

(Amounts in thousands of Indian Rupees) Particulars Sources of Funds Shareholders Funds: Share Capital Reserves and Surplus Credit/[Debit] Fair Value Change Account Sub-Total Borrowings Policyholders Funds: Credit/[Debit] Fair Value Change Account Policy Liabilities Participating Non-participating Annuities Participating Annuities Unit Linked Non-Participating Unit-Linked Non-Participating (Refer Schedule 16 Note 4) Insurance Reserves Participating Non-participating Annuities Participating Annuities Unit-Linked Non-Participating Unit-Linked Non-Participating (Refer Schedule 16 Note 18) Linked Liabilities Fair Value Change Total Provision for Linked Liabilities Sub-Total Funds for Future Appropriation:-Linked Liabilities Others Total Application of Funds Investments Shareholders Policyholders Assets Held to Cover Linked Liabilities Loans Fixed Assets Current Assets Cash and Bank Balances Advances and Other Assets Sub-Total (A) Current Liabilities Provisions Sub-Total (B) Net Current Assets (C) = (A B) Miscellaneous Expenditure (To the extent not written off or adjusted) Debit Balance in Profit and Loss Account (Shareholders Account) (Refer Schedule 16 Note 2(q) & 29) Schedule As at March 31, 2010 5,102,902 520,363 5,623,265 49,810 5,354,202 1,094,841 422,748 66,037 2,298,959 14,110 38,723 56,428,443 (4,025,871) 30,419,252 (1,196,433) 4,596,018 709,480 360,032 44,181 1,361,127 37,981 As at March 31, 2009
5 6
5,102,902 520,363 5,623,265
52,402,572 61,742,002 2,055,916 1,009 69,422,192 2,491,819 10,147,431 54,458,488 52,194 559,925 869,540 1,062,771 1,932,311 2,599,778 171,373 2,771,151 (838,840) 2,551,175 69,422,192
29,222,819 36,331,638 1,085,152 1,009 43,041,064 2,823,103 6,277,699 30,307,971 58,251 568,966 1,282,719 939,215 2,221,934 2,320,434 139,847 2,460,281 (238,347) 3,243,421 43,041,064
8 8A 8B 9 10 11 12 13 14
15
The Schedules and accompanying notes are an integral part of this Balance Sheet. As per our report of even date attached For M. P. Chitale & Co. Chartered Accountants Murtuza Vajihi Partner Mumbai April 27, 2010 For S. R. Batliboi & Co. Firm Registration No.:301003E Chartered Accountants Shrawan Jalan Partner Membership No-102102 For and on behalf of the Board of Directors Uday Kotak Chairman G. Murlidhar Chief Operating Officer & Company Secretary Mumbai April 27, 2010 Rafael Galdon Vice-Chairman Gaurang Shah Managing Director Dipak Gupta Director Andrew Cartwright Appointed Actuary
15
Statement of receipts and payments as on March 31, 2010

(Currency: In thousands of Indian Rupees unless otherwise stated) Particulars Cash Flows from Operating Activities Premium and Other receipt from Customer Payments of other operating expenses Payments of commission and brokerage Advances/Loans/Deposits placed Reinsurance premium (net of claims and commission) Claims paid (net of reinsurance) Income-tax paid Fringe benefit tax paid Service Tax paid Net cash from/(deployed in) Operating Activities Cash Flows from Investing Activities Purchase of fixed assets Interest and Dividend received on Investments (net of interest expended on purchase of investments) Purchase of Investment Sale of Investment Proceeds on sale of fixed assets Loan against policies Net cash deployed in Investing Activities Cash Flows from Financing Activities Proceeds from issue of Share Capital Net cash from Financing Activities Net increase in Cash and Cash Equivalents Cash and cash equivalent at the beginning of the year Cash and Cash Equivalents at end of year Notes: Cash and cash equivalents at the end of the year includes: Cash (including cheques on hand, drafts and stamps) Bank Balances (including deposits) (a) (b) 398,058 471,482 595,038 687,681 (C) ( A+B+C) (413,179) 1,282,719 869,540 300,170 300,170 (252,914) 1,535,633 1,282,719 (B) (241,860) 2,511,826 (316,896,638) 298,130,695 1,225 6,057 (16,488,695) (368,299) 1,772,506 (153,008,221) 139,552,302 8,000 (25,132) (12,068,844) (A) 28,805,450 (5,406,339) (1,705,673) 16,416 (137,077) (5,256,527) (8,522) (232,212) 16,075,516 23,550,517 (6,456,721) (2,415,380) (52,233) (190,741) (2,430,676) (6,618) (28,947) (453,441) 11,515,760 Year ended March 31, 2010 Year ended March 31, 2009
869,540 1,282,719 The above Statement of Receipts and Payments has been prepared as prescribed by Insurance Regulatory (Preparation of Financial Statements & Auditors Report of Insurance Companies) Regulations, 2002 under the Direct Method laid out in Accounting Standard 3 Cash Flow Statements issued by the Institute of Chartered Accountants of India. Due to large volume of investments transactions, cash flow is reported on net basis in accordance with Accounting Standard 3 issued by the Institute of Chartered Accountants of India. For and on behalf of the Board of Directors Uday Kotak Chairman G. Murlidhar Chief Operating Officer & Company Secretary Mumbai April 27, 2010 Rafael Galdon Vice-Chairman Gaurang Shah Managing Director Dipak Gupta Director Andrew Cartwright Appointed Actuary
16
Schedules forming part of the Financial Statements

Schedule 1 Premium (Amounts in thousands of Indian Rupees) Particulars First year Premium Renewal Premium Single Premium Total Premium Notes: (a) (b) All the premium income relates to business in India. Refer Schedule 16- Note 2(a). Year ended March 31, 2010 10,837,656 15,340,654 2,502,179 28,680,489 Year ended March 31, 2009 12,873,946 10,001,671 556,308 23,431,925
Schedule 2 Commission (Amounts in thousands of Indian Rupees) Particulars Commission Paid First year Premium Renewal Premium Single Premium Sub-total Add: Commission on Re-insurance accepted Less: Commission on Re-insurance ceded Net Commission Note: Refer Schedule 16 Note 2(b) Breakup of Gross Commission Particulars Agents Brokers Corporate Agents Referral Total Year ended March 31, 2010 819,590 345,063 559,922 15,634 1,740,209 Year ended March 31, 2009 848,702 236,085 1,169,461 10,469 2,264,717 1,449,549 257,769 32,891 1,740,209 (61,044) 1,679,165 2,070,034 190,949 3,734 2,264,717 (10,394) 2,254,323 Year ended March 31, 2010 Year ended March 31, 2009
17

Schedule 3 Operating Expenses Related to Insurance Business (Amounts in thousands of Indian Rupees) Particulars Employees remuneration and welfare benefits [Refer Note- (b) below] Travel, conveyance and vehicle running expenses Training expenses Rent, Rates and Taxes Repairs Printing and Stationery Communication expenses Legal and Professional charges Medical fees Auditors fees, expenses etc. (a) (b) as auditor as adviser or in any other capacity , in respect of Taxation matters Insurance Matters Management services; and (c) in any other capacity (including out of pocket expenses) Advertisement and publicity Distribution Expenses Sales Promotion Expenses Interest and Bank charges Depreciation Information Technology expenses Electricity charges Recruitment expenses Brokerage Stamp Duty Membership and Subscription Fees Preliminary and Share issue Expenses Service Tax Expenditure Other expenses Total Notes: (a) (b) Refer Schedule 16 - Note 2 (k) and Note 24. Refer Schedule 16 -Note no 2(h) and Note 6. 432 488,254 629,630 197,020 38,050 250,291 90,890 78,178 45,754 77 61,271 3,200 336,307 52,123 5,738,369 174 875,925 617,314 282,859 31,368 216,882 107,519 81,065 44,301 1,951 58,362 3,174 250,560 37,929 6,076,657 2,369 2,450 Year ended March 31, 2010 2,621,660 140,758 13,663 314,853 87,896 59,237 120,677 81,861 23,918 Year ended March 31, 2009 2,503,018 154,831 29,581 265,901 86,365 86,510 144,768 167,852 25,998
18

Schedule 4 Benefits Paid (Net) (Amounts in thousands of Indian Rupees) Particulars Year ended March 31, 2010 Year ended March 31, 2009
Insurance Claims (a) (b) (c) (d) (e) (f) Claims by Death Claims by Maturity Annuities/Pension payment Survival Benefits Surrenders Others (Refer note (b) below) 982,294 235,470 72,060 4,015,196 22,319 407,949 110,250 60,713 1,942,551 14,956
Amount ceded in reinsurance (a) (b) (c) (d) (e) (f) Claims by Death Claims by Maturity Annuities/Pension payment Survival Benefits Surrenders Others (360,510) (106,024)
Amount accepted in reinsurance (a) (b) (c) (d) (e) (f) Claims by Death Claims by Maturity Annuities/Pension payment Survival Benefits Surrenders Others Total Notes: (a) (b) (c) All the claims are paid in India. Includes specific claim setlement cost and provision for policy related claims. Refer Schedule 16 Note 2(e). The Company does not have any claims, which are settled and unpaid for more than Six months. 4,966,829 2,430,395
19
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the Financial Statements Schedule 5 Share Capital (Amounts in thousands of Indian Rupees) Particulars Authorized Capital 625,000,000 (2009 625,000,000) Equity Shares of Rs. 10 each Issued Capital 510,290,249 (2009 510,290,249) Equity Shares of Rs. 10 each Subscribed Capital 510,290,249 (2009 510,290,249) Equity Shares of Rs. 10 each Called-up Capital 510,290,249 (2009 510,290,249) Equity Shares of Rs. 10 each Less: Calls unpaid Add: Shares forfeited (Amount originally paid up) Less: Par Value of Equity Shares bought back Less: Preliminary Expenses Less: Expenses on issue of shares Total As at March 31, 2010 6,250,000 5,102,902 5,102,902 5,102,902 5,102,902 As at March 31, 2009 6,250,000 5,102,902 5,102,902 5,102,902 5,102,902
Notes: (a) Of the above, 260,248,044 (2009 260,248,044) Equity Shares of Rs. 10 each fully paid up are held by Kotak Mahindra Bank Limited, the holding company and its nominees, 54,000,000 (2009 54,000,000) and 63,366,753 (2009 63,366,753) fully paid-up Equity Shares of Rs. 10 each are held by Kotak Mahindra Prime Limited and Kotak Mahindra Capital Company Limited respectively, which are subsidiaries of Kotak Mahindra Bank Limited. (b) During the year, the Company has issued Nil (2009 30,017,076) Equity Shares of Rs. 10 each fully paid up at par, by way of rights to its existing shareholders. (c) During the year, Kotak Mahindra Prime Limited renounced Nil (2009 3,375,000) fully paid up Equity Shares of Rs. 10 each to Kotak Mahindra Capital Company Ltd. Schedule 5A Pattern of Shareholding (As certified by the Management) Particulars Shareholders Promoters Indian Foreign Others Total Schedule 6 Reserves and Surplus (Amounts in thousands of Indian Rupees) Particulars Capital Reserve Capital Redemption Reserve Securities Premium Revaluation Reserve General Reserves Less: Debit balance in Profit and Loss Account Less: Amount utilized for Buy-back Catastrophe Reserve Other Reserve Balance of profit in Profit and Loss Account Total As at March 31, 2010 520,363 520,363 As at March 31, 2009 520,363 520,363 As at March 31, 2010 Number of Shares % Holding As at March 31, 2009 Number of Shares % Holding
377,614,797 132,675,452 510,290,249
74% 26% 100%
377,614,797 132,675,452 510,290,249
74% 26% 100%
20
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the Financial Statements Schedule 7 Borrowings (Amounts in thousands of Indian Rupees) Particulars Debentures/Bonds Banks Financial Institutions Others Total Schedule 8 Investments Shareholders (Amounts in thousands of Indian Rupees) Particulars LONG TERM INVESTMENTS Government securities and Government guaranteed bonds including Treasury Bills Other Approved Securities Other Investments (a) Shares (aa) Equity (bb) Preference (b) Mutual Funds (c) Derivative Instruments (d) Debentures/Bonds (e) Other Securities (including Fixed Deposits) (f) Subsidiaries (g) Investment Properties Real Estate Investsment in Housing & infrastructure sector (a) Equity (b) Others Other than Approved Investments (a) Equity (b) Others Total SHORT TERM INVESTMENTS Government securities and Government guaranteed bonds including Treasury Bills Other Approved Securities Other Investments (a) Shares (aa) Equity (bb) Preference (b) Mutual Funds (c) Derivative Instruments (d) Debentures/Bonds (e) Other Securities (including Fixed Deposits) (f) Subsidiaries (g) Investment Properties Real Estate Investsment in Housing & infrastructure sector (a) Equity (b) Others Other than Approved Investments (a) Equity (b) Others Total Grand Total As at March 31, 2010 1,370,022 366,797 97,428 10,217 473,381 2,317,845 25,267 12,400 986 81,447 53,874 173,974 2,491,819 As at March 31, 2009 1,092,793 290,179 82,682 18,446 687,399 2,171,499 259,103 71,713 222,918 97,870 651,604 2,823,103 As at March 31, 2010 As at March 31, 2009
Notes: (a) Aggregate cost and market value of Investments other than listed equity securities as at March 31, 2010 was Rs. 24,91,819 and Rs. 24,11,168 (Rs. 28,23,102 & Rs. 27,78,846 as at March 31, 2009) respectively. (b) Investment in Fixed Deposit with Kotak Mahindra Bank Ltd as at March 31, 2010 is Rs. 5,305 (2009 Rs. 6,005). Investments in Kotak Mahindra Mutual Fund as at March 31, 2010 is Rs. 4,063(2009 Rs. NIL). (c) Refer Schedule 16 Notes 2(d).
21

Schedule 8A Investments Policyholders (Amounts in thousands of Indian Rupees) Particulars LONG TERM INVESTMENTS Government securities and Government guaranteed bonds including Treasury Bills Other Approved Securities Other Investments (a) Shares (aa) Equity (bb) Preference (b) Mutual Funds (c) Derivative Instruments (d) Debentures/Bonds (e) Other Securities (including Fixed Deposits) (f) Subsidiaries (g) Investment Properties Real Estate Investsment in Housing & infrastructure sector (a) Equity (b) Others Other than Approved Investments (a) Equity (b) Others Total SHORT TERM INVESTMENTS Government securities and Government guaranteed bonds including Treasury Bills Other Approved Securities Other Investments (a) Shares (aa) Equity (bb) Preference (b) Mutual Funds (c) Derivative Instruments (d) Debentures/Bonds (e) Other Securities (including Fixed Deposits) (f) Subsidiaries (g) Investment Properties Real Estate Investsment in Housing & infrastructure sector (a) Equity (b) Others Other than Approved Investments (a) Equity (b) Others Total Grand Total Notes: (a) (b) (c) Aggregate cost and market value of Investments other than listed equity securities as at March 31, 2010 was Rs. 97,56,380 and Rs. 94,68,223 (Rs. 61,11,333 & Rs. 59,25,319 as at March 31, 2009) respectively. Investment in Fixed Deposit with Kotak Mahindra Bank Ltd. as at March 31, 2010 is Rs. 9,000 (2009 Rs. 9,000). Investments in Kotak Mahindra Mutual Fund as at March 31, 2010 is Rs. 135,617 (2009 Rs. NIL). Refer Schedule 16 Notes 2(d). As at March 31, 2010 4,492,409 1,036,071 As at March 31, 2009 3,340,154 432,870
346,120 533,369 28,102 30,565 2,343,078 14,366 8,824,080 100,216 109,019
145,342 166,284 28,102 13,354 1,507,130 7,670 5,640,906 254,152
413,883 104,399 540,954 54,880 1,323,351 10,147,431
44,707 237,315 100,619 636,793 6,277,699
22

Schedule 8B Investments Unit Linked (Amounts in thousands of Indian Rupees) Particulars LONG TERM INVESTMENTS Government securities and Government guaranteed bonds including Treasury Bills Other Approved Securities Other Investments (a) Shares (aa) Equity (bb) Preference (b) Mutual Funds (c) Derivative Instruments (d) Debentures/ Bonds (e) Other Securities (including Fixed Deposits) (f) Subsidiaries (g) Investment Properties Real Estate Investsment in Housing & infrastructure sector (a) Equity (b) Others Other than Approved Investments (a) Equity (b) Others Total SHORT TERM INVESTMENTS Government securities and Government guaranteed bonds including Treasury Bills Other Approved Securities Other Investments (a) Shares (aa) Equity (bb) Preference (b) Mutual Funds (c) Derivative Instruments (d) Debentures/Bonds (e) Other Securities (including Fixed Deposits) (f) Subsidiaries (g) Investment Properties Real Estate Investments in Infrastructure and Social Sector(Refer note (d) below) (a) Equity Shares (b) Others Other than Approved Investments (a) Equity Shares (b) Others Net Current Assets (Refer Schedule 16 Note 2(d) Total Grand Total As at March 31, 2010 3,007,011 1,408,882 As at March 31, 2009 3,064,953 152,398
21,582,144 4,712,547 61,781 1,973,704 8,673,854 1,628,784 43,048,707 64,309 1,380,188
8,735,084 3,299,673 204,253 1,439,624 5,243,722 558,093 22,697,800 324,806 302,111
335,177 942,122 6,669,070 530,516 62,540 1,425,859 11,409,781 54,458,488
300,000 584,793 4,383,351 580,753 1,134,357 7,610,171 30,307,971
Notes: (a) Aggregate cost and market value of Investments other than listed equity securities as at March 31, 2010 was Rs. 27,872,693 and Rs. 27,847,996 (Rs.1,83,38,656 & Rs. 18,440,812 as at March 31, 2009) respectively. (b) Investment in Fixed Deposit with Kotak Mahindra Bank Ltd as at March 31, 2010 is Rs. 35,695 (2009 Rs. 35,695). Market Value of Investment in bonds of Kotak Mahindra Prime Ltd. as at March 31, 2010 is Rs. 451,039 (2009: Rs. 201,387) and cost is Rs. 450,165 (2009 Rs.196,189). Investment in Kotak Mahindra Mutual Fund as at March 31, 2010 Rs. 130,320 (2009 Rs. Nil). (c) Refer Schedule 16 Notes 2(d).
23

Schedule 9 Loans (Amounts in thousands of Indian Rupees) Particulars SECURITYWISE CLASSIFICATION Secured (a) On mortgage of property (aa) In India (bb) Outside India (b) (c) (d) On Shares, Bonds, Govt. Securities etc. Loans against policies Others Total BORROWER-WISE CLASSIFICATION (a) (b) (c) (d) (e) (f) Central and State Governments Banks and Financial Institutions Subsidiaries Companies Loans against policies Others Employees Total PERFORMANCE-WISE CLASSIFICATION (a) Loans classified as standard (aa) In India (bb) Outside India (b) Non-standard loans less provisions (aa) In India (bb) Outside India Total MATURITY-WISE CLASSIFICATION (a) (b) Short term Long Term Total Commitments made and outstanding for Loans Rs. Nil ( 2009 Nil). Notes: (a) (b) Refer Schedule 16 Note 2(f). There was no restructuring of loan assets during the year. 72 52,122 52,194 19,400 38,851 58,251 52,194 58,251 52,194 58,251 52,194 52,194 58,251 58,251 52,194 52,194 58,251 58,251 As at March 31, 2010 As at March 31, 2009
Unsecured
24

Schedule 10 Fixed Assets (Amounts in thousands of Indian Rupees)
Particulars As on April 1 2009 Goodwill Intangibles Software * Land-Freehold Leasehold property Buildings Furniture and fittings ** Information technology equipment Vehicles Office equipment Capital Work-in-progress Grand Total Previous Year * Includes licenses. 382,417 372,760 340,477 34,390 127,428 1,257,472 1,257,472 924,883 Cost/Gross Block Addition As at On Sale/ Adjustment March 31, 2010 124 6,325 2,300 316 9,065 9,065 36,082 541,279 391,129 352,825 34,327 138,478 1,458,038 1,458,038 1,257,472 As on April 1 2009 249,272 180,983 211,909 14,963 59,866 716,993 716,993 528,138 Depreciation As at For the On Sale/ year" Adjustment March 31, 2010 89,840 49,429 81,423 7,938 21,740 250,370 250,370 216,883 124 6,134 1,996 280 8,534 8,534 28,027 958,829 716,994 339,112 230,288 287,198 20,905 81,326 958,829 Net Block As at March 31, 2010 202,167 160,841 65,627 13,422 57,152 499,209 60,716 559,925 568,966 As on March 31 2009 133,145 191,777 128,568 19,426 67,562 540,478 28,488 568,966
158,862 18,493 18,673 2,237 11,366 209,631 209,631 368,671
** Includes leasehold improvements. Note: Refer Schedule 16 Notes 2(g)
Schedule 11 Cash And Bank Balances (Amounts in thousands of Indian Rupees) Particulars Cash (including cheques on hand, drafts and stamps) Bank Balances (a) Deposit Accounts (aa) Short-term (due within 12 months of the date of Balance Sheet) (bb) Others (b) (c) (a) (b) Current accounts Others With Banks With other Institutions Total Balance with non-scheduled banks included above Cash and Bank balance In India Outside India Total 869,540 869,540 1,282,719 1,282,719 471,482 869,540 687,681 1,282,719 As at March 31, 2010 398,058 As at March 31, 2009 595,038
Money at Call and Short Notice
25

Schedule 12 Advances and Other Assets (Amounts in thousands of Indian Rupees) Particulars ADVANCES Reserve deposits with ceding companies Application money for investments Prepayments Advance to Directors/Officers Advance tax paid and taxes deducted at source ( Net of Provision for Income Tax & Fringe Benefit Tax) Advances to suppliers Advances to employees Total (A) OTHER ASSETS Income accrued on investments Outstanding Premiums Agents Balances Foreign Agencies Balances Due from other entities carrying on insurance business (including reinsurers) Due from subsidiaries/holding company Deposits pursuant to Section 7 of Insurance Act, 1938 [Refer Schedule-16 - Note 15 (B)] Security and other deposits Service Tax Unutilised Credit Other Receivables Total (B) Total (A + B) 250,292 70,873 140,594 134,722 26 89,393 685,900 1,062,771 163,426 86,172 140,194 180,158 85 570,035 939,215 164,714 15,612 140,514 56,031 376,871 137,811 7,989 185,367 38,013 369,180 As at March 31, 2010 As at March 31, 2009
Schedule 13 Current Liabilities (Amounts in thousands of Indian Rupees) Particulars Agents balances Balance due to other insurance companies (Net) Deposits held on re-insurance ceded Premium received in advance Unallocated premium (proposals/policy deposits) Sundry creditors Due to holding company Claims outstanding Annuities due Due to Officers/Directors Accrued expenses Taxes deducted at source, payable Statutory dues payable Total As at March 31, 2010 176,724 650,067 158,435 4,234 270,334 1,285,530 24,920 29,534 2,599,778 As at March 31, 2009 190,058 231,310 540,798 70,583 5,924 199,522 981,238 81,764 19,237 2,320,434
26

Schedule 14 Provisions (Amounts in thousands of Indian Rupees) Particulars As at March 31, 2010 72,005 99,368 171,373 As at March 31, 2009 52,785 87,062 139,847
For taxation For proposed dividend For dividend distribution tax Provision for gratuity Provision for leave encashment Others Total
Schedule 15 Miscellaneous Expenditure (To the extent not written off or adjusted) (Amounts in thousands of Indian Rupees) Particulars As at March 31, 2010 As at March 31, 2009
Discount Allowed in issue of shares/debentures Others Total
27
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) Schedule 16 : Notes to the financial statements 1. Background Kotak Mahindra Old Mutual Life Insurance Limited (the Company) was incorporated on August 31, 2000 as a Company under the Companies Act, 1956 to undertake and carry on the business of life insurance and annuity. The Company obtained a license from the Insurance Regulatory and Development Authority (IRDA) dated January 10, 2001 for carrying on the business of life insurance and annuity. The license has been renewed regularly and is in force as at March 31, 2010. 2. Summary of significant accounting policies Basis of Preparation: The financial statements are prepared and presented under the historical cost convention, on accrual basis of accounting, to comply in all material aspects with the applicable accounting standards notified under the Companies (Accounting Standard) Rules, 2006, to the extent applicable, the Companies Act, 1956 of India to the extent applicable, and in accordance with the provisions of the Insurance Act, 1938, the Insurance Regulatory and Development Authority Act, 1999 and the regulations framed there under to the extent applicable and the practices prevailing within the insurance industry in India. The accounting policies have been consistently applied by the Company and are consistent with those used in the previous year. Use of Estimates: The preparation of financial statements requires the Management to make estimates and assumptions considered in the reported amounts of assets and liabilities (including contingent liabilities) as on the date of the financial statements and the reported income and expenses during the reporting period. Management believes that the estimates used in preparation of the financial statements are prudent and reasonable. Actual results could differ from these estimates. The significant accounting policies adopted by the Company are as follows: (a) Revenue recognition : Premium Income Premium is recognized as income when due from policyholders except on unit linked policies, where the premium is recognized when associated units are created. In accordance with the terms of insurance policies, uncollected premium on lapsed policies is not recognized as income until revived. Top Up/Lump sum contributions are accounted as a part of single premium. Income from linked policies, which include asset management fees and other charges, if any, are recovered from the linked fund in accordance with the terms and conditions of the policies. Reinsurance premium ceded is accounted as an expense at the time of recognition of the premium income in accordance with the treaty arrangements with the re-insurers. Commission on reinsurance ceded is accounted as income in the period in which reinsurance is ceded. Reinsurance premium and reinsurance commission are recognized over the period of the risk. Income earned on Investments Interest income is recognized on accrual basis. Dividend income is recognized when the right to receive is established. Accretion of discount and amortization of premium relating to debt securities is recognized over the maturity period of such securities on a straight line basis. Gain/Loss on transfer/sale of securities is the difference between the transfer/sale price and the net amortized cost/ book value which is computed on a Weighted average basis as on the date of transfer/sale. Sale Consideration for the purpose of realized gain/loss is net of brokerage and taxes, if any. (b) Acquisition Costs Acquisition costs such as commission and medical fees are costs that vary with and are primarily related to the acquisition of new and renewal insurance contracts. Such costs are recognized in the year in which they are incurred.
28
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) (c) Liability for Policies (i) The Company provides for policy liabilities in respect of all "in force" policies and "lapsed policies" that are likely to be revived in future based on actuarial valuation done by the Appointed Actuary in accordance with accepted actuarial practices, requirements of IRDA and the Institute of Actuaries of India. Liabilities in respect of unit-linked policies which have lapsed and are not likely to be revived, are shown as a separate item under the head Funds for Future Appropriation", until expiry of the revival period. This is as per IRDA circular no 041/IRDA/ACTL/MAR-2006 dated 29th March'2006. Linked liabilities comprise of unit liability representing the fund value of policies. The actuarial policies and assumptions are given in the Note 3. (d) Investments Investments are made in accordance with the Insurance Act, 1938, the Insurance Regulatory and Development Authority (Investment Regulations), 2000 and as amended and circulars/notifications issued by IRDA from time to time . Investments are recorded at cost on trade which includes brokerage, transfer charges, transaction taxes as applicable, etc. but excludes preacquisition interest, if any and service tax where cenvat credit is being claimed. (i) Classification Investments maturing within twelve months from the Balance Sheet date and investments made with the specific intention to dispose them off within twelve months from the Balance Sheet date are classified as Short Term Investments. Investments other than Short Term Investments are classified as Long Term Investments. The funds of the shareholders and the policyholders are kept separate and records are maintained accordingly. Investments are specifically procured and held for policyholders and shareholders funds independently from their inception and the income thereon is also tracked separately. Since the actual funds, investments and income thereon are tracked and reported separately, the allocation of investments and income is not required. (ii) Valuation Shareholders Investments and non-linked policy-holders Investments Debt Securities All debt securities are considered as held to maturity for the purpose of valuation and are accordingly recorded at historical cost (excluding interest paid, if any). Debt securities including government securities are stated at net amortized cost. The premium/ discount, if any, on purchase of debt securities is amortized/accrued over the period to maturity on a straight-line basis. Equity Shares Listed equity shares as at Balance Sheet date are stated at fair value being the lower of last quoted closing price on Bombay Stock Exchange Limited (BSE) and the National Stock Exchange Limited (NSE). Equity shares awaiting listing are stated at historical cost subject to provision for diminution, if any. Unrealized gains/losses arising due to changes in the fair value of listed equity shares are taken to Fair Value Change Account and carried forward to Balance Sheet where the net balance is positive. Negative balance in the Fair Value Change Account is recognized in the Revenue Account/Profit and Loss Account to the extent of negative balance in Fair Value Change Account as reduced by the amount previously provided in the Revenue Account/Profit and Loss Account . The profit or loss on actual sale of listed equity includes the accumulated changes in fair value in the fair value previously recognized under Fair Value Change Account. In case of impairment in the value of investment as at the balance sheet date which is other than temporary, the amount of loss is recognized as an expense in the Revenue/Profit & Loss Account to the extent of difference between the remeasured fair value of the investment and its acquisition cost as reduced by any previous impairment loss recognized as expense in Revenue/Profit & Loss Account. Any reversal of impairment loss, earlier recognized in Revenue/Profit and Loss Account, is recognized in the Revenue/Profit and Loss account.
(ii)
(iii)
29
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) (iii) Valuation Unit Linked Business Debt Securities All Government securities, except treasury bills, for linked business are valued at prices obtained from Credit Rating Information Service of India Ltd (CRISIL). Debt Securities other than Government Securities are valued on the basis of CRISIL Bond valuer. Floating rate instruments are valued at cost. The discount on purchase of treasury bills, certificate of deposit and commercial papers are amortized over the period to maturity on a straight line basis. Equity Shares Listed equity shares are valued at fair value, being the last quoted closing price on the NSE (In case of securities not listed on NSE, the last quoted closing price on the BSE is used) Equity shares awaiting listing are stated at historical cost subject to provision for diminution, if any, in the value of such investment determined separately for each individual investment. Unrealized gains and losses are recognized in the respective schemes revenue account. Mutual Fund Units are valued at the previous days closing net asset value (NAV) of the fund in which they are invested. The Company does not own any investment property and hence there is no disclosure on the basis of revaluation of investment property. (iv) Transfer of Investments Transfer of investments from Shareholders fund to the Policyholders fund is at book value or market price, whichever is lower. Transfer of debt securities from Shareholders to Policyholders fund is transacted at the lower of net amortized cost or market value. Transfer of Investments between unit-linked funds are done at market price. (e) Benefits Paid Benefits paid comprise of policy benefit amount, surrenders and specific claims settlement costs where applicable and change in the outstanding provision for claims at the year end. Surrender and claims by death are accounted when intimated. Survival benefits are accounted when due. Maturity claims are accounted on the date of maturity. Amounts recoverable from reinsurers are accounted for in the same period as the related claim. Repudiated claims disputed before judicial authorities are provided for based on the best judgment of the management considering the facts and evidence in respect of each such claims. Withdrawals under unit-linked policies are accounted in respective schemes when the associated units are cancelled. (f) Loans Loans are stated at historical cost, subject to provision for impairment, if any. Interest on loan, if any, is accrued when due. Norms laid down under circular No 32/2/F&A/ Circular/169/Jan/2006-07 issued by the IRDA are adhered to in this regard. (g) Fixed Assets and Depreciation Fixed assets are stated at cost including incidental expenses less accumulated depreciation. In respect of liabilities incurred in acquisition of fixed assets in foreign exchange, the net gain or loss arising on conversion/settlement are charged to revenue account. Intangible assets comprising software are stated at cost less amortization. Depreciation/amortization is provided under the straight-line method (SLM) with reference to the managements assessment of the estimated useful lives of the assets or the rates and in the manner specified by Schedule XIV of the Companies Act, 1956, whichever is higher. Depreciation is charged on assets from the date the asset is capitalized and up to the date asset is last used in case of disposal. Assets costing individually less than Rs. 5,000 are depreciated fully in the year of acquisition. Estimated useful lives over which assets are depreciated are as follows: Leasehold improvements Information technology equipment (including software) Furniture and fittings Vehicles Office equipment Over the period of lease subject to a maximum of 6 years 3 years 6 years 4 years 5 years
30
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) Impairment of Assets The carrying amounts of assets are reviewed at each balance sheet date if there is any indication of impairment based on internal/external factors. Impairment occurs where the carrying value exceeds the present value of future cash flows expected to arise from the continuing use of the asset and its eventual disposal. The impairment loss to be expensed is determined as the excess of the carrying amount over the higher of the assets net sales price or present value as determined above. After impairment, depreciation is provided on the revised carrying amount of the asset over its remaining useful life. (h) Employee Benefits (a) (b) Provident fund is a defined contribution plan and the contributions as required by the statute to Government Provident Fund are charged to profit and loss account when due. Gratuity liability is defined benefit and is wholly unfunded. The Company accounts for liability for future gratuity benefits based on actuarial valuation conducted by an independent actuary. The net present value of the Companys obligation towards the same is actuarially determined based on the projected unit credit method as at the Balance Sheet date. Superannuation fund is a defined contribution scheme. The Company contributes a sum equivalent to 15% (previous year 15%), subject to a maximum of Rs. 1 lakh, of eligible employees salary to a Superannuation Fund administered by the trustees. The undiscounted amount of short-term employee benefits expected to be paid in exchange for the services rendered by employee is recognized during the period when the employee renders the service. These benefits include performance incentives. The Company accrues the liability for compensated absences based on the actuarial valuation as at the balance sheet date conducted by an independent actuary. The net present value of the Companys obligation is determined based on the projected unit credit method as at the Balance Sheet date. Actuarial gains/losses are immediately taken to the profit and loss account and are not deferred.
(c) (d) (e)
(f) (i)
Accounting for Operating Leases Leases where the lessor effectively retain substantially all the risks and benefits of ownership over the lease term are classified as operating leases. Operating lease rentals are recognized as an expense in revenue/profit and loss account on a straight line basis over the lease term.
(j)
Foreign Currency Transactions Transactions denominated in foreign currency are recorded at the rate of exchange prevailing on the transaction date. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are translated using the rate of exchange prevailing on that date. Exchange differences either on settlement or on translation are recognized in the Revenue Account/ Profit and Loss Account, as applicable.
(k)
Segment reporting Business Segments In accordance with the Insurance Regulatory and Development Authority (Preparation of Financial Statements and Auditors Report of Insurance Companies) Regulations, 2002 (referred to as Accounting Regulations) read with Accounting Standard 17 on Segment Reporting prescribed in Companies (Accounting Rules), 2006, the Companys business in India is classified into Participating business, Non-participating business, Annuities Participating business, Annuities Linked Non-participating business, Unit-Linked Non-participating business and Investment of the Shareholders funds. Segmental revenues All segment revenues are directly attributed to the respective individual segments. There are no inter-segment revenues. Segmental expenses Operating expenses relating to insurance business are assigned to participating, non-participating, annuities and linked business segments as follows: Expenses directly identifiable to the business segments are allocated on an actual basis. Other expenses, which are not directly identifiable, are apportioned to the business segments on the basis of either (a) total number of policies issued during the year, or (b) annualized first year premium income, or (c) sum assured during the year, or (d) first year commission, or (e) total number of policies, (f) renewal commission, as considered appropriate by the Management, or, (g) Average assets under management.
31
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) Segmental assets and liabilities Segment assets and liabilities include those that are employed by a segment in its operating activity. Secondary Geographical Segments There are no reportable geographical segments since all business is written in India and the company does not distinguish any reportable regions in India. (l) Taxation Provision for current income tax, if any, is made on an accrual basis after taking credit for allowances and exemptions in accordance with Income Tax Act, 1961. Deferred income tax is recognized for future tax consequences attributable to timing differences between income as determined by the financial statements and the recognition for tax purposes. The effect on deferred tax assets and liabilities of a change in tax rates is recognized using the tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date. Deferred tax assets are recognized only to the extent there is reasonable certainty that the assets can be realized in future. However, where there is unabsorbed depreciation or carried forward loss under taxation laws, deferred tax assets are recognized only if there is virtual certainty backed by convincing evidence that such deferred assets can be realized. Deferred tax assets and liabilities are measured using tax rates and tax laws that have been enacted or substantially enacted before the balance sheet date. Changes in deferred tax assets/liabilities on account of changes in enacted tax rates are given effect to in the Revenue account/Profit and Loss Account in the period of the change. The carrying amount of deferred tax assets are reviewed at each balance sheet date. The company writes-down the carrying amount of a deferred tax asset to the extent that it is no longer reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available against which deferred tax asset can be realized. (m) Preliminary and Share Issue expenses Share Issue expenses in relation to increase in share capital are written off when incurred. Preliminary Expenses and Initial Share Issue expenses are amortized over a period of 3 years. Unamortized Preliminary Expenses and Share Issue expenses are adjusted in the schedule of Share Capital as prescribed under the IRDA Regulations. (n) Service tax Service tax liability on taxable premium and unit-linked charges are set-off against available cenvat credits. Unutilized credits, if any, are carried forward under Advances and Other Assets for set-off in subsequent periods. (o) Provisions and Contingencies Provision is recognised when there is a present obligation as a result of past event; it is probable that an outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be made. Provisions are not discounted to its present value and are determined based on best estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the current best estimates. Contingent Liabilities are not recognized but are disclosed in the notes unless the outflow of resources is remote. Contingent assets are neither recognised nor disclosed in the financial statements. (p) Earnings per Share The basic earnings per share is computed by dividing the net profit or loss for the period attributable to the equity shareholders by weighted average number of equity shares outstanding during the reporting year. For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholders and the weighted average number of shares outstanding during the period are adjusted for the effects of all dilutive potential equity shares. (q) Debit balance in the Profit & Loss Account (Shareholders Account) The debit balance in the Profit & Loss Account (Shareholders Account) is segregated in to unabsorbed depreciation and accumulated business loss. Profits earned during the year are first set off and adjusted against the accumulated business loss and the balance, if any, is set off against unabsorbed depreciation.
32
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 3. Actuarial method and assumptions The actuarial liabilities have been calculated in accordance with generally accepted actuarial principles, the requirements of the Insurance Act 1938, IRDA regulations and the prescribed guidance notes of the Institute of Actuaries of India. The method adopted is as follows: Unit Linked Policies : A unit reserve equal to the value of the units on 31 March 2010 plus a non-unit reserve calculated on gross premium prospective valuation method. Par policies (accumulation contracts) : The value of the accumulated fund plus a non-unit reserve calculated on gross premium prospective valuation method. Non-par conventional busines: Gross premium prospective method. Additional Reserve on lapsed unit-linked policies is created and shown under the head Funds for Future Appropriation as required by IRDA circular no 041/IRDA/ACTL/MAR-2006 dated 29th March2006. The assumptions used in the Gross Premium valuation are based on best estimates together with appropriate margins for adverse deviations from experience. The principal assumptions are interest, inflation, return to policyholders account, lapses, expenses, mortality and morbidity. The base assumptions are: Interest Inflation Policyholders returns Lapses Expenses Mortality Morbidity (for Critical Illness) Morbidity (other riders) 5.7% p.a. to 6.7% p.a. during the first five years, 4.9% p.a. to 5.9% p.a. thereafter (2009 : 5.3% p.a to 6.8% p.a. during the first five years, 4.6% p.a. to 6.1% p.a. thereafter) 6.5% (2009 : 6.0%) Rates consistent with the earning rates and charges Future policy lapses have been assumed based on the type of policy and the duration for which the policy has been in force Best estimates bearing in mind scale efficiencies envisaged in future business plans Based on LIC 94-96 mortality table adjusted for AIDS Based on adjusted CIBT rates. Based on reinsurers rates
Reserves for group life business are calculated as the risk premium for the unexpired term with an allowance for expenses and a margin for adverse deviations. 4. Policy liabilities (Forming part of Policyholders Funds)
Particulars Par 2010 Non-Par Annuities Annuities UnitUnit Linked Linked 709,480 360,032 44,181 1,361,127 Total Par 2009 Non-Par Annuities Annuities Unit Linked 596,745 317,596 16,948 UnitLinked Total
At start of the year 4,596,018 Add: Change in valuation against policies in force (Refer Note 3 above) 578,357 385,361 Add: Bonus to policyholders (Refer Note 10 below)* 179,827 5,354,202 1,094,841 At end of the year
7,070,838 3,910,750
479,066 5,321,105
45,306
21,856
937,832
1,968,712
586,484
112,735
29,969
27,233
882,061 1,638,482
17,410 422,748
66,037 2,298,959
197,237 98,784 9,236,787 4,596,018
709,480
12,467 360,032
111,251 44,181 1,361,127 7,070,838
* Forms part of Change in Valuation of Liability in respect of life policies-Gross in the Revenue Account. During the year, Insurance Regulatory and Development Authority has issued a circular to all life insurance companies clarifying the manner of accounting the difference arising due to valuation of unit linked liabilities on the appropriation/ex-appropriation price and the value of the underlying assets. Consequently, reserving for unit linked liabilities has been done based on the appropriation/ex-appropriation price resulting in an increase of the unit linked liabilities by Rs. 108,778 as compared to the previous financial year. Based on the circular of IRDA, the company has created a current asset of the equivalent amount which is reflected under the Net Current Assets under Schedule 8B. Consequently, there is no impact of such change on the revenue account. Note: The Policyholder Liabilities are adequately backed by Policyholder Investments, Cash and Bank Balances and Other assets. (Please refer to Schedule no 16- Note-17).
33
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated)) 5. Contingent liabilities Particulars 1. Partly paid-up investments 2. Underwriting commitments outstanding (in respect of shares and securities) 3. Claims, other than against policies, not acknowledged as debts by the company 4. Guarantees given by or on behalf of the Company 5. Statutory demands/liabilities in dispute, not provided for (Income Tax) 6. Reinsurance obligation to the extent not provided for in accounts 7. Others Insurance claims in appeal net of provision (Gross value of claims Rs. 67,620 (2009 Rs. 20,570), out of which reinsured Rs. 32,113 (2009 Rs. 1,638) and provision Rs. 10,852 (2009 Rs. 7,702) ) Total 6. Computation of managerial remuneration (i) Managing Directors and Whole time directors remuneration (appointed w.e.f 4th Nov 2008), which is included under Employees remuneration and welfare benefits, is as follows: Particulars a. b. Salary and Perquisites Contribution to provident and other funds Total 2010 27,000 1,749 28,749 2009 22,031 1,410 23,441 2010 1,388 2009 700
24,655 26,043
11,230 11,930
(ii)
Note: (a) The Managerial remuneration is in accordance with the requirements of section 34A of the Insurance Act, 1938 and as approved by IRDA. (b) The remuneration excludes gratuity and leave encashment. Gratuity and leave encashment is accrued based on an actuarial valuation for the Companys overall liability. Sitting fees paid to Independent Directors amounts to Rs. 180 (2009 Rs. 170).
7. Capital commitments Particulars Estimated amount of contracts remaining to be executed on capital account and not provided for (net of advances) 8. Extent of risk retained and reinsured As at March 31, 2010, out of the total sum assured worth Rs. 914,570 million (2009 Rs. 736,442 million), the company had reinsured Rs. 330,722 million (2009 Rs. 277,311 million) and thereby retained risk of 63.84 per cent (2009 62.34 per cent). 9. Business, sector-wise Particulars Rural Sector Urban Sector 2010 Policies 20.06 per cent 79.94 per cent Premium Income 10.8 per cent 89.2 per cent 2009 Policies 20.86 per cent 79.14 per cent Premium Income 15.37 per cent 84.63 per cent 2010 60,999 2009 39,688
The Company has issued 6 policies (2009 5 policies), covering 131,166 lives (2009 70,922 lives) and underwritten gross premium of Rs.4,816 (2009 Rs. 3,800 ) in the social sector. 10. Accumulated fund addition to participating policyholders The Board of Directors has at its meeting held on 27th April 2010, declared the following rates of bonus on participating policies: (a) On Accumulation non retirement products: 3.75% p.a. cash bonus in addition to the guaranteed rate of 3% costing Rs. 154,850 (2009 Rs. 76,303 to meet an effective rate of 5%).
34
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) (b) On Accumulation retirement products: 5% p.a. cash bonus in addition to the guaranteed rate of 3% costing Rs. 17,410 (2009 Rs. 12,467 to meet an effective rate of 7%). (c) On the Reversionary bonus products: 2% Simple Reversionary bonus, the cost of bonus being Rs. 24,976 (2009 Rs. 22,481 to meet a rate of 2%). In the year under review, a transfer of Rs. 21,915 (2009: Rs. 3,428) was made from the participating policyholders account to the shareholders account being the surplus in the participating policyholders accounts subject to the maximum of 1/9th of the bonus declared during the year to the participating policyholders. A transfer of Rs. 348,385 (2009: Rs. 198,641) was made from the Non Participating policyholders account & Rs. 338,178 (2009: Rs. Nil) was made from the Unit Linked Non Participating account to the shareholders account which represented the surplus in those accounts. 11. Contribution made to the policyholders account In the year under review, the shareholders contributed Rs. 176,960 (2009 Rs. 301,290 ) to the Annuity Linked Non Participating Policyholders Account to meet fully the deficit in that account. Approval from the Shareholders will be obtained for such contribution at the ensuing Annual General Meeting of the Company. 12. Encumbrances on assets Apart from fixed deposits worth Rs. 76,400 (2009 Rs. 75,700) marked under lien respectively with the NSCCL Rs. 50,000 ( 2009: Rs. 50,000), BSE Rs. 25,000 (2009 25,000), Postal Authorities Rs. 700 ( 2009 Rs. 700) and to a landlord for Rs. 700 (2009 Rs. Nil), there are no encumbrances on the assets of the Company as at the Balance Sheet date. 13. Operating lease commitments In accordance with Accounting Standard 19 on Accounting of Leases issued by the Institute of Chartered Accountants of India, details of leasing arrangements entered into by the company are given below. The Company has taken various office and residential premises on operating lease and leave and license agreements. Lease payments are recognized in the Revenue Account under Rent, Rates and Taxes. The future minimum lease payments under non-cancellable operating lease period for such premises are as follows: 2010 Particulars 233,704 Not later than one year 805,948 Later than one year not later than five years 164,437 Later than five years The total operating lease rentals charged to Revenue account in the current year is Rs. 250,792 (2009 Rs. 237,306). 14. Ratios (in per cent/times) Sr. Particulars No. 1. New business premium income growth Participating 2010 1.11 2009 0.73 Non-participating 2010 1.40 2009 1.34 AnnuitiesParticipating 2010 2009 0.66 1.66 Annuities- Linked Non-par 2010 2009 0.81 1.07 Unit Linked NonParticipating 2010 2009 1.00 1.26 2009 130,763 412,407 3,619
2. 3. 4. 5. 6. 7. 8. 9. 10.
Net retention ratio Ratio of expenses of management Commission ratio (Gross) Ratio of policyholders liabilities to shareholders funds Growth rate of shareholders funds Ratio of surplus to policyholders liabilities Change in net worth Profit after tax/Total Income (Total real estate + loans)/(Cash + Invested Assets) 11. Total Investments/Net worth 12. Total affiliated investments/(Capital + Surplus)
2010 2009 99.37% 98.49% 26.08% 35.60% 6.07% 9.67% 2,009.77% 1,572.28% 29.09% 22.91% 0.09% 0.10% 29.09% 22.91% 1.75% 0.69% 0.08% 0.14% 2,184.11% 1,655.94% 0.00 0.00
35
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 15. Investments A. All the investments of the Company are performing investments in accordance with the directions issued by the Insurance Regulatory and Development Authority. B. For the purposes of meeting the requirement of Section 7 of the Insurance Act, 1938, the Company has earmarked securities relating to 7.27% Government of India, 2013, having face value of Rs. 100,000 in constituent SGL Account with its Bankers (2009 5.87% Government of India, 2010, having face value of Rs.100,000 ). These investments are classified under Investments Shareholders (Refer Schedule 8). C. Value of contracts in relation to investments for: Particulars Purchases where deliveries are pending Sales where payments are due D. Particulars 2010 Revenue Account 2,631,172 (30,560) 2,600,612 2010 1,508,957 489,512 2009 955,643 367,809
Interest, Dividends and Rent Gross Add/(Less) : (Premium on investments amortized)/Discount on accretion Interest, Dividends and Rent- Net of amortisation
Profit & Loss Account 189,364 (13,256) 176,108
2009 Revenue Account Profit & Loss Account 1,684,098 26,714 1,710,812 194,795 14,824 209,619
16. Related parties disclosures The disclosures relating to related parties as required by Accounting Standard 18 on Related Parties Disclosures by the Institute of Chartered Accountants of India are as under: A. Related Parties where control exists Nature of relationship Related Party Holding Company Kotak Mahindra Bank Limited Related parties where transactions have taken place during the years ended March 31, 2010 and March 31, 2009 (i) Holding Company Kotak Mahindra Bank Limited (ii) Joint Venturer Old Mutual Plc (iii) Enterprise in which joint venturer has significant influence Old Mutual Life Assurance Company (South Africa) Limited (iv) Fellow Subsidiaries Kotak Mahindra Prime Limited. Kotak Securities Limited Kotak Mahindra Capital Company Limited Kotak Mahindra Asset Management Company Limited Kotak Mahindra Investments Ltd (v) Entities managed by Fellow Subsidiaries Kotak Mahindra Mutual Fund managed by Kotak Mahindra Asset Management Company Limited (vi) Enterprises in which key management personnel have Kotak Life Insurance Superannuation Fund significant influence (vii) Enterprises in which relatives of key management personnel Kotak Commodities Services Limited have significant influence Aero Agencies Limited (viii) Key management personnel Non-Executive Directors Mr. Uday Kotak, Chairman Mr. Rafael Galdon, Vice-Chairman (w.e.f. 30-Sep-2009) Mr. Hasan Askari, Vice-Chairman (upto 30-Sep-2009) Mr. Crispin Sonn, Director (w.e.f. 30-Sep-2009) Mr. Paul Hanratty, Director (upto 30-Sep-2009) Mr. Dipak Gupta, Director Executive Directors Mr. Gaurang Shah, Managing Director Mr. Pankaj Desai, Whole-time Director
B.
36
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) C. The following are transactions and closing balances of related parties in the ordinary course of business:
Nature of transaction Name of the Related Party Holding Company Kotak Mahindra Bank Ltd. 1,280,793 Kotak Mahindra Bank Ltd. 50,700 Kotak Mahindra Mutual Fund Kotak Mahindra Prime Ltd. Kotak Mahindra Bank Ltd. 4,059 Kotak Securities Ltd. Kotak Mahindra Prime Ltd. Kotak Commodities Services Limited Kotak Mahindra Asset Management Company Ltd. Kotak Mahindra Capital Company Ltd. Kotak Mahindra Investments Ltd. Share Capital Kotak Mahindra Bank Ltd. 2,602,480 Kotak Mahindra Prime Ltd. Kotak Mahindra Capital Company Ltd. Old Mutual Plc Outstanding Receivable/ Kotak Mahindra Asset Management (Payables) Company Ltd. Kotak Mahindra Bank Ltd. (3,447) Kotak Securities Ltd. Old Mutual Life Assurance Company (South Africa) Ltd. Old Mutual Plc Commission Payable Kotak Mahindra Bank Ltd. 45,406 Kotak Mahindra Prime Ltd. Kotak Securities Ltd. Transactions Purchase of Fixed Assets Kotak Mahindra Bank Ltd. Kotak Securities Ltd. Kotak Mahindra Prime Ltd. Kotak Mahindra Asset Management Company Ltd. Sale of Fixed Assets Kotak Mahindra Bank Ltd. Brokerage Expenses Kotak Securities Ltd. Commission Paid Kotak Mahindra Bank Ltd. 300,548 Kotak Securities Ltd. Kotak Mahindra Prime Ltd. Expenses/ Kotak Mahindra Asset Management Reimbursements for Company Ltd. Services given Kotak Mahindra Bank Ltd. 4,843 Old Mutual Plc Kotak Securities Ltd. Kotak Mahindra Capital Company Ltd. Expenses/ Aero Agencies Ltd. Reimbursements for Kotak Mahindra Asset Management Services received Company Ltd. Kotak Mahindra Bank Ltd. 108,358 Kotak Mahindra Prime Ltd. Kotak Securities Ltd. Old Mutual Life Assurance Company (South Africa) Ltd. Remuneration of Key Key Management Personnel Management Kotak Mahindra Bank Ltd. 4,806 Personnel Interest Kotak Mahindra Prime Ltd. Income/(Expense) Premium Income Kotak Mahindra Asset Management Company Ltd. Kotak Mahindra Bank Ltd. 4,142 Kotak Mahindra Prime Ltd. Kotak Commodities Services Limited Kotak Securities Ltd. Kotak Mahindra Capital Company Ltd. Superannuation Fund Kotak Life Insurance Superannuation Contribution Fund Assets/Liabilities Bank Balance Bank Deposits Mutual Funds Bonds Group Insurance Policy Deposits 2009-10 Joint Fellow Venturer Subsidiaries 1,326,755 279 52 471,570 31 2,250 157 6 23 540,000 633,668 (985) 480 1,906 23,931 258 19,158 30,020 14,130 39,010 1,346 30,135 189 210 1,061 256 Others 270,000 1 (7,972) 28,749 70 3,037 Holding Company 846,418 50,700 569 2008-09 Joint Fellow Venturer Subsidiaries 196,189 808 1,000 127 Others 35
2,602,480 (5,137) 53,680 178 840 340,742 7,078 111,398 4,747 4,971
1,326,755 227 227
540,000 633,668 109 (433) 1,168 6,657 265 992 9,359 87,573 21,536 21 1,023 67 37,924 1,009 9,072 1,035 203 219 1,220 37
(10,000) 14 4,112 23,441 64 3,602
37
38
Non-Participating business Total 2010 2009 2010 2009 2009 2009 2009 2010 2010 2010 Annuities Participating Annuities-LinkedNon-par UnitLinked 2009 Shareholders and Unallocated Assets & Liabilities 2010 2009 4,596,018 4,596,018 4,604,067 56,640 8,420 71,023 76,557 156,000 8,344 20,683 906 190,756 220,689 (64,688) 433,571 (67,941) 91,305 (48,950) 31,180 (17,004) 10,573 1,756 49,161 (653) 384,679 163,940 22,923 (96,325) 207 6,139 4,181 791 4,775 34 25,454 384 767 46 126 39,842 276 55,531 8,585 103,587 207,821 (159,757) 5,371 365,631 5,532 42,355 4,083 12,329 3,899 14,176 1,010 48,064 242,396 15,844 161 12,472 366,378 394,855 (152,459) 209,483 26,594 17,431 6,233 3,481 8,628 5,234 65,524 88,383 500,860 125,141 82,417 151,247 119,118 727,035 1,204,957 (704,096) 20,248 328 19,393 257 218 396 96 49,067 89 46,061 6,445 1,089,716 165,056 46,320 157,082 (315,953) 52,506 1,037,210 103,607 1,756 238,697 1,037,210 1,253 41,724 297,797 134 1,611 559,926 383,825 296,896 57,883 134,748 873,352 2,023,572 171,373 (1,342,949) 851,997 21,355 8,294,934 4,495,497 46,163,554 25,812,475 1,162,648 756,820 396,257 196,640 323,916 482,692 227,906 3,000,944 2,491,819 1,094,841 709,481 398,013 465,689 447,455 8,363,082 182,469 1,608,461 902,683 4,539,678 48,460,402 27,173,601 1,009 5,624,274 1,094,841 709,481 360,032 37,981 4,218 422,748 38,723 66,037 7,849,590 44,181 2,298,959 1,361,126 4,313,027 44,552,982 24,909,792 49,810 9,236,787 7,070,838 52,833 37,981 52,402,572 29,222,819 2,055,916 1,085,152 1,009 1,009 1,009 5,624,274 69,422,192 43,041,064 2,823,102 12,639,250 9,100,802 54,458,488 30,307,971 568,966 5,056 294,831 58,813 320,437 679,138 1,699,544 139,847 (149,039) 1,690,352 (1,011,215) 52,194 559,925 869,540 79,114 297,758 250,292 224,078 70,873 224,140 2,015,795 176,724 83,484 270,334 2,152,720 171,373 2,854,635 (838,840) 58,251 568,966 1,282,719 74,349 294,831 163,426 86,172 320,437 2,221,934 190,058 231,310 199,522 1,699,544 139,847 2,460,282 (238,347) 520,363 520,363 520,363 520,363 5,102,902 5,102,902 5,102,902 5,102,902 4,596,018 1,094,841 709,481 465,689 398,013 8,363,082 4,539,678 48,460,402 27,173,601 2,551,175 5,624,274 3,243,421 2,551,175 3,243,421 5,624,274 69,422,192 43,041,064
17. Segmental balance sheet as on March 31 2010 Registration No: 107; Date of Registration: January 10, 2001
Particulars
Participating business
Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated)
2010 SOURCES OF FUNDS Shareholders' Funds Share Capital Reserves and Surplus Credit/Debit Fair Value change account Borrowings Credit/[Debit] Fair Value Change Account 45,592 Policy Liabilities * 5,354,202 Insurance reserve 14,110 Linked liabilities * Funds for Future Appropriation: Linked Liabilities Others Total 5,413,904 APPLICATION OF FUNDS Investments 5,273,241 Assets held to cover linked liabilities Loans against policies 52,060 Fixed Assets
Cash and Bank Balances 41,334 Reinsurance premium for future period 9,307 Advances 444 Income accrued on investments 86,429 Balance due from reinsurance companies 14,595 Outstanding Premium 61,603 Other Assets Total Current Assets 213,712 Current Liabilities & Provisions Agents' Balances 11,231 Balance due to reinsurance companies Claims Outstanding 9,620 Current Liabilities 2,062 Provisions Control Account 102,196 Total Current Liabilities 125,109 Net Current Assets 88,603 Miscellaneous Expenditure (To the extent not written off or adjusted) Debit Balance in Profit and Loss Account Total Assets 5,413,904
* Note: The Policyholder Liabilities and Linked Liabilities are adequately backed by Policyholder Investments, Unit Linked Assets ,Cash and Bank Balances and Other assets.
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 18. Segment-wise revenue account for the year ended March 31, 2010 Category Participating NonAnnuities Participating Participating 416,984 126,258 625,834 1,169,076 (82,022) 57,196 368 57,564 8,838 (10) 517 28 1,153,992 16,573 3,499 22 (45,823) (25,728) 162,888 137,160 524,508 63,435 (304,856) 283,087 385,360 668,447 348,385 348,385 2,082 53,999 56,081 (610) 30,443 (2,184) 28,259 4,208 (1,395) 38 1 86,583 136 482 (1) 617 3,427 (4,941) (897) 1,517 20,635 (65) 22,087 62,717 84,804 2,676 1,934 742 37,981 38,723 17,410 742 18,151 Annuity Unit Linked Non- Linked NonParticipating Participating 1,830,196 1,489,837 4,341 3,324,374 (323) 365,429 2,627 368,055 312,307 (100,384) 539,592 176,960 2,541 80 4,623,201 127,127 22,571 111 (26) 149,783 445,423 595,207 61,669 156,758 218,427 21,856 3,523,498 3,763,781 264,213 264,212 8,313,861 12,670,406 1,871,914 22,856,182 (82,618) 1,823,316 6,825 1,830,143 3,200,573 (746,628) 4,682,712 17,943 553 31,758,857 1,228,617 207,390 32,759 (10,289) 1,458,476 4,812,759 6,271,234 317,055 3,658,762 (18,230) 3,957,587 Total
Premium Income First Year Premium Renewal Premium Single Premium (a) Premium Income (b) Reinsurance Ceded (c) Reinsurance accepted Income from Investments Interest, divident & rent Premium on investments amortized(Net) (a) Interest, divident & rent Net (b) Profit on sale/redemption of investments (c) Loss on sale/redemption of investments (d) Transfer/Gain on revaluation Other Income (a) Contribution from Shareholder's Account (b) Miscellaneous income (c) Profit(Loss) on Sale of Fixed Assets TOTAL(A) Commission First Year Premium Renewal Premium Single Premium Commission on Reinsurance Ceded Net Commission Operating Expenses related to Insurance Business (Refer Schedule 16 Note 2 k) Provision for doubtful debts Bad debts written off Provision for Tax(Fringe Benefit Tax) Diminution in the value of investments(Net) TOTAL(B) Claims by Death Annuities/Pension payment Surrender payments & rider benefits Reinsurance: Claims by death Benefits paid(net) Interim Bonuses paid Change in valuation of Liability in respect of Life policies (a) Gross (b) Amount ceded in reinsurance (c) Amount accepted in reinsurance Provision for linked liabilities TOTAL( C) SURPLUS/(DEFICIT) (D)=(A)(B)(C) APPROPRIATIONS Transfer to ShareholdersAccount Transfer to Other Reserves (to be specified) Transfer to Funds for Futue Approriation SURPLUS/(DEFICIT) AFTER APPROPRIATION SURPLUS/(DEFICIT) BROUGHT FORWARD SURPLUS/(DEFICIT) CARRIED FORWARD TO BALANCE SHEET (a) Interim Bonuses Paid (b) Allocation of Bonus to Policyholders (c) Surplus/(Deficit) shown in the Revenue Account (d) Total Surplus: [(a) + (b) + (c)]
274,533 1,000,154 90 1,274,777 (16,390) 354,788 (38,196) 316,591 55,538 (16,720) 7,228 31 1,621,056 77,096 23,827 (1) (4,905) 96,017 313,872 (66,747) 343,142 77,545 445,455 (37,359) 485,641 758,182 1,243,823 34,091 19,981 14,110 14,110 179,826 14,110 193,937
10,837,656 15,340,654 2,502,179 28,680,489 (181,963) 2,631,172 (30,560) 2,600,612 3,581,464 (865,137) 5,222,304 176,960 28,267 693 39,243,689 1,449,549 257,769 32,891 (61,044) 1,679,165 5,738,369 (71,688) 7,345,846 982,294 4,345,045 (360,510) 4,966,829
937,832 2,165,947 19,551,945 23,075,443 24,447,363 30,208,218 1,040,259 1,689,624 338,178 708,478 702,082 966,294 14,852 37,981 52,833 197,236 14,852 212,088
39
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 18 Segmentwise revenue account for the year ended March 31, 2009 Category Premium Income First Year Premium Renewal Premium Single Premium (a) Premium Income (b) Reinsurance Ceded (c) Reinsurance accepted Income from Investments Interest, dividend & rent Net Premium on investments amortized (Net) (a) Interest, divident & rent Net (b) Profit on sale/redemption of investments (c) Loss on sale/redemption of investments (d) Transfer/Gain on revaluation Other Income (a) Contribution from Shareholder's Account (b) Miscellaneous income (c) Profit(Loss) on Sale of Fixed Assets TOTAL(A) Commission First Year Premium Renewal Premium Single Premium Commission on Reinsurance Ceded Net Commission Operating Expenses related to Insurance Business ( Refer Schedule 16 Note 2 k ) Provision for doubtful debts Bad debts written off Provision for Tax(Fringe Benefit Tax) Diminution in the value of investments(Net) TOTAL(B) Claims by Death Annuities/Pension payment Surrender payments & rider benefits Reinsurance :Claims by death Benefits paid(net) Interim Bonuses paid Change in valuation of Liability in respect of Life policies (a) Gross (b) Amount ceded in reinsurance (c) Amount accepted in reinsurance Provision for linked liabilities TOTAL( C) SURPLUS/(DEFICIT) (D)=(A)(B)(C) APPROPRIATIONS Transfer to ShareholdersAccount Transfer to Other Reserves (to be specified) Transfer to Funds for Futue Approriation SURPLUS/(DEFICIT) AFTER APPROPRIATION SURPLUS/(DEFICIT) BROUGHT FORWARD SURPLUS/(DEFICIT) CARRIED FORWARD TO BALANCE SHEET (a) Interim Bonuses Paid (b) Allocation of Bonus to Policyholders (c) Surplus/ (Deficit) shown in the Revenue Account (d) Total Surplus: [(a) + (b) + (c)] Participating NonParticipating 375,110 109,496 368,960 853,566 (274,665) 45,976 6,849 52,825 25,403 (14,174) 419 (2) 643,372 9,307 9,215 11 (1,578) 16,955 166,148 733 183,836 215,626 26,022 (93,488) 148,160 112,735 260,895 198,641 198,641 Annuities Participating 3,132 57,094 15 60,241 (373) 25,648 1,607 27,255 17,725 (31,777) 146 (0) 73,217 73 430 0 (0) 503 4,493 20 3,613 8,629 1,092 19,032 (373) 19,751 42,435 62,186 2,402 1,385 1,017 36,964 37,981 12,467 1,017 13,484 Annuity Linked NonParticipating 2,237,767 736,640 17,859 2,992,266 (201) 171,287 35 171,322 109,463 (519,638) (49,629) 238,697 857 (7) 2,943,131 144,488 10,890 346 (34) 155,690 590,887 2,608 749,185 25,408 7,501 32,909 27,233 1,986,408 2,046,550 147,396 147,396 Unit Linked NonParticipating 10,009,706 8,029,981 169,286 18,208,973 (62,384) 1,159,888 4,737 1,164,625 962,758 (4,748,040) (735,853) 62,593 15,969 (41) 14,868,600 1,851,447 143,488 3,376 (8,733) 1,989,578 5,064,486 22,357 7,076,421 143,422 1,696,115 (9,158) 1,830,379 882,061 4,672,993 7,385,433 406,746 406,746 Total
248,231 1,068,460 188 1,316,879 (16,894) 281,300 13,485 294,785 255,038 (434,274) 11,239 (3) 1,426,770 64,719 26,926 1 (49) 91,597 250,643 1,106 (3,085) 340,261 22,401 379,800 (3,005) 399,196 685,270 1,084,466 2,043 2,043 98,784 98,784
12,873,946 10,001,671 556,308 23,431,925 (354,516) 1,684,099 26,713 1,710,812 1,370,387 (5,747,903) (785,482) 301,290 28,630 (53) 19,955,090 2,070,034 190,949 3,734 (10,394) 2,254,323 6,076,657 26,824 528 8,358,332 407,949 2,128,471 (106,024) 2,430,395 1,749,734 6,659,401 10,839,530 757,228 202,069 554,142 1,017 36,964 37,981 111,251
1,017 112,268
40
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 19. Additional segment reporting
Particulars Participating business 2010 2009 Non-Participating business 2010 2009 Annuities Participating 2010 2009 Annuities-Linked-Nonparticipating 2010 2009 Unit-Linked NonParticipating 2010 2009 Shareholders 2010 2009 Total 2010 2009
Non-cash expenses other than depreciation Liability against life policies 758,182 685,268 Transfer to linked fund Transfer to fund for future appropriation Bonus to Policyholders 179,826 98,784 Amortization of premium on investments (38,196) 13,485 Gratuity and leave encashment 1,752 1,485
385,360
112,735
62,717
42,436
21,856 3,523,498
27,233
937,832
882,061 4,672,993
2,165,947
1,749,734 6,659,401
1,986,408 19,551,944
23,075,442
17,410
12,467
264,212
147,395
702,082
406,748
966,294 197,236
554,142 111,251
368
6,849
(2,184)
1,607
2,627
35
6,826
4,737
(13,256) 14,824
(43,816)
41,538
909
985
19
27
2,486
3,501
26,862
30,010
32,028
36,008
20. Summary of financial statements Sr. Particulars No. Policyholders Account 1. Gross premium income 2. Net premium income 3. Income from investments (Net of Amortisation) 4. Other income 5. Total Income 6. Commission & Brokerage 8. Operating expenses related to insurance business including Fringe Benefit Tax 9. Provisions for Diminution in value of investments (net) 10. Total Expenses 11. Benefits paid 12. Increase in actuarial liability 13. Provision for Linked Liabilities 14. Surplus/ (Deficit) (before appropriation) Shareholders Account 15. Total income under shareholders Account 16. Total Expenses under shareholders Accounts 17. Profit/(Loss) before tax 18. Provision for tax 19. Profit/ (Loss) after tax 20. Balance at the beginning of the year 21. Profit/(Loss) carried to Balance Sheet 2010 2009 2008 2007 2006
28,680,489 28,498,526 10,539,243 205,920 39,243,689 1,679,165 5,738,369 (71,688) 7,345,846 4,966,829 2,165,947 23,075,443 1,689,624 912,744 220,498 692,246 692,246 (3,243,421) (2,551,175)
23,431,925 23,077,409 (3,452,186) 329,867 19,955,090 2,254,323 6,103,481 528 8,358,332 2,430,395 1,749,734 6,659,401 757,228 465,109 321,708 143,401 143,401 (3,386,822) (3,243,421)
16,911,366 16,627,098 2,610,124 1,099,659 20,336,881 1,551,115 4,276,854 71,160 5,899,129 2,625,540 1,297,916 9,917,971 596,325 364,352 1,091,419 (727,067) (8,322) (718,745) (2,668,077) (3,386,822)
9,715,141 9,513,372 1,193,878 1,186,898 11,894,148 802,032 2,421,903 3,223,935 1,731,712 1,208,134 5,080,269 650,098 85,950 1,182,306 (1,096,357) 8,322 (1,104,679) (1,563,398) (2,668,076)
6,218,519 6,106,986 1,248,219 502,165 7,857,370 591,182 1,351,515 1,942,697 419,665 1,246,757 4,221,738 26,513 64,254 500,205 (435,951) 8,270 (444,221) (1,109,906) (1,554,127)
41
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 20. Summary of financial statements (Contd.) Sr. Particulars No. 22. (A) Policyholders account: Total Funds Total Investments Yield on Investments (%) (B) Shareholders account: Total Funds Total Investments Yield on Investments (%) 23. Yield on Total Investments 24. Paid up Equity Capital 25. Net Worth 26. Total Assets 27. Earnings per share (Rupees) 28. Book Value per share (Rupees) 2010 2009 2008 2007 2006
9,339,430 10,147,431 7.69% 3,072,090 2,491,819 8.90% 7.96% 5,102,902 3,072,090 66,871,017 1.36 6.02
7,070,838 6,277,699 5.25% 2,379,844 2,823,102 12.10% 7.17% 5,102,902 2,379,844 39,797,642 0.29 4.66
5,321,105 5,704,368 13.28% 1,936,273 1,312,978 9.45% 12.24% 4,802,732 1,936,273 30,389,777 (1.80) 4.03
4,023,188 4,026,888 11.90% 1,155,750 853,836 5.92% 10.34% 3,303,466 1,155,750 17,991,510 (3.97) 3.50
2,815,055 2,975,227 9.28% 925,093 656,985 6.68% 8.45% 2,445,835 925,093 11,471,461 (1.94) 3.78
21. Earnings per share Earnings Per Share is calculated by dividing the Profits/(Loss) in the Shareholders Account by the weighted average number of equity shares outstanding during the year. The numbers used in calculating basic and diluted earnings per equity share are as follows: Particulars Profit/(Loss) after taxation and before exceptional items Profit/(Loss) after taxation Weighted average number of shares Earnings per share before exceptional items (Basic and Diluted) Earnings per share (Basic and Diluted) Face value per share 22. Employee share option plans (ESOP) At the Annual General Meetings of the holding company, Kotak Mahindra Bank Limited, the shareholders of the Bank had unanimously passed Special Resolutions on 28th July, 2000, 26th July, 2004 & 26th July, 2005, 5th July, 2007 and 21st August, 2007, to grant options to the Eligible Employees of the Bank and its subsidiaries companies. Pursuant to these resolutions, the following four Employees Stock Option Schemes had been formulated and adopted: (a) Kotak Mahindra Equity Option Scheme 2001-02 (b) Kotak Mahindra Equity Option Scheme 2002-03 (c) Kotak Mahindra Equity Option Scheme 2005 (d) Kotak Mahindra Equity Option Scheme 2007 In terms of the Securities and Exchange Board of India (Employees Stock Option Scheme and Employee Stock Purchase) Guidelines, 1999, the option discount (being excess of the market price of the share over the exercise price of the option) is to be accounted for as employee compensation and shall be amortised on a straight line basis over the vesting period. During the year, the Company reimbursed Kotak Mahindra Bank Limited Rs. 12,268 (2009 Rs. 19,945) towards ESOP granted to the employees of the Company. These costs are a part of Employees remuneration and welfare benefits in Schedule 3. 23. Micro, Small and Medium Enterprises Development Act, 2006 The Company has not received any intimation from suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosures, if any, relating to amounts unpaid as at the year end together with interest paid/payable as required under the said Act have not been given. 24. Disclosure of certain expenses As required under Circular no 067/IRDA/F&A/CIR/MAR -08 dated March 28, 2008, expenses incurred under the following heads are as follows: Particulars (i) Outsourcing Expenses (ii) Business Development (iii) Marketing Support 2009-10 104,677 200,879 342,581 2008-09 83,005 213,405 264,028 2010 692,246 692,246 510,290,249 1.36 1.36 Rs.10 2009 143,401 143,401 496,474,170 0.29 0.29 Rs.10
42
Schedules Forming Part of the Financial Statements (Contd.)

for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25. Unit Linked Disclosures Norms Unit Linked Disclosures made hereunder are in accordance with the instructions received from the Insurance Regulatory & Development Authority vide circular numbers 054/IRDA/F and A/FEB-07 dated February 20, 2007 and IRDA/F&A/001/Apr-07 dated 16th April, 2009 25A. Unit Linked Disclosures Revenue Account REVENUE ACCOUNT FOR THE YEAR ENDED 31st March 2010 Policyholders Account (Technical Account)
Particulars Schedule Non-Unit (1) Premiums earned net (a) Premium (b) Reinsurance ceded Income from Investments (a) Interest, Dividend & Rent Gross (Net of amortization) (b) Profit on sale/ redemption of investments (c) Loss on sale/ redemption of investments (d) Unrealised gain/(loss) Other income (a) Linked Income (b) Contribution from the Shareholders a/c (c) Other Income (d) Loss on Sale of Fixed asset Total (A) Commission Operating Expenses related to Insurance Business Provision for Taxation Total (B) Benefits Paid (Net) Interim Bonus Paid Change in Valuation Liability Total (C) Surplus/(Deficit) (D) = (A) (B) (C) APPROPRIATIONS Insurance reserve at the beginning of the year Transfer to Shareholders a/c Funds available for future appropriations Total (D) 341,002 702,082 1,043,084 341,002 702,082 1,043,084 264,213 264,213 264,213 264,213 (2,824) (2,824) (2,824) (2,824) 338,178 966,295 1,304,473 UL2 UL1 1,900,189 (1,900,189) 17,688 523 1,457,873 17,688 523 1,457,873 222,949 176,960 2,541 80 149,783 (222,949) 176,960 2,541 80 4,623,201 149,783 255 30 603 34,096 (34,096) 255 30 1,582,756 603 176,960 20,484 632 36,382,058 1,608,259 4,839,083 16,795,438 (81,901) 21,634,521 (81,901) 963,763 2,360,611 (323) 3,324,374 (323) 13,648 1,208,013 (717) 1,221,661 (717) 26,180,556 (82,941) Linked Life Unit (2) Total (3)=(1)+(2) Non-Unit (4) Linked Pension Unit (5) Total Non-Unit (6)=(4)+(5) (7) Linked Group Unit (8) Total (9)=(7)+(8) Total Unit Linked (10)=(3)+(6)+(9)
118,087
1,570,727
1,688,814
11,786
356,269
368,055
1,829
139,499
141,328
2,198,197
30,669
3,027,949
3,058,618
2,657
309,650
312,307
936
141,018
141,954
3,512,880
(454)
(705,430) 4,563,722
(705,884) 4,563,722
(28)
(100,356) 539,592
(100,384) 539,592
(4)
(40,741) 118,990
(40,745) 118,990
(847,013) 5,222,304
6,823,884 23,352,217
30,176,101 1,380,385 3,242,817
50,073 1,532,683
4,791,687 6,249,560 255,733
3,536,760
4,791,687 6,249,560 3,792,493 19,090,964 22,883,457 1,043,084
445,424 595,207 8,245
210,182
445,424 595,207 218,427 3,545,355 3,763,782 264,213
21,071 21,674 4,091
161,002
21,071 21,674 165,093 1,398,813 1,563,906 (2,824)
5,258,181 6,866,441 4,176,013 24,035,132 28,211,145 1,304,473
930,611 18,160,353 1,186,344 21,697,113 (612,020) 1,655,104
21,856 3,523,498 30,101 3,733,680 755,077 (490,864)
7,222 1,391,591 11,313 1,552,593 17,086 (19,910)
43

for the year ended 31st March 2009 (Currency: In thousands of Indian Rupees unless otherwise stated) 25A. Unit Linked Disclosures Revenue Account REVENUE ACCOUNT FOR THE YEAR ENDED 31st March, 2009 Policyholders Account (Technical Account)
Particulars Schedule Non-Unit (1) Premiums earned net (a) Premium (b) Reinsurance ceded Income from Investments (a) Interest, Dividend & Rent Gross (Net of amortization) (b) Profit on sale/ redemption of investments (c) Loss on sale/ redemption of investments (d) Unrealised gain/(loss) Other income (a) Linked Income (b) Contribution from the Shareholders a/c (c) Other Income (d) Loss on Sale of Fixed asset Total (A) Commission Operating Expenses related to Insurance Business Provision for Taxation Total (B) Benefits Paid (Net) Interim Bonus Paid Change in Valuation Liability Total (C) Surplus/(Deficit) (D) = (A) (B) (C) APPROPRIATIONS Insurance reserve at the beginning of the year Transfer to Shareholders a/c Funds available for future appropriations Total (D) 406,746 406,746 406,746 406,746 147,396 147,396 147,396 147,396 554,142 554,142 UL2 UL1 1,206,437 (1,206,437) 62,593 15,649 (39) 7,697,076 1,989,153 6,401,523 62,593 15,649 (39) 14,098,600 1,989,153 171,609 238,697 857 (7) (171,609) 238,697 857 (7) 2,943,131 155,690 14,069 320 (2) 17,197 425 (14,069) 752,802 320 (2) 770,000 425 301,290 16,826 (48) 17,811,731 2,145,268 6,381,072 11,033,194 (62,384) 17,414,266 (62,384) 314,056 2,678,210 (201) 2,992,266 (201) 2,289 792,418 794,707 21,201,239 (62,585) Linked Life Unit (2) Total (3)=(1)+(2) Non-Unit (4) Linked Pension Unit (5) Total Non-Unit (6)=(4)+(5) (7) Linked Group Unit (8) Total (9)=(7)+(8) Total Unit Linked (10)=(3)+(6)+(9)
52,996
1,030,353
1,083,349
3,382
167,941
171,322
330
80,945
81,275
1,335,947
49,940
857,359
907,299
3,019
106,444
109,463
218
55,241
55,459
1,072,221
(9,188) (4,587,006) (725,940)
(4,596,193) (725,940)
(420)
(519,218) (49,629)
(519,638) (49,629)
(26)
(151,820) (9,913)
(151,846) (9,913)
(5,267,677) (785,482)
730,992 2,212,139 155,690
5,040,346 22,250 7,051,749 119,445 882,061 1,001,506 (356,179)
1,454,780 4,183,818 5,638,598 762,925
5,040,346 22,250 7,051,749 1,574,225 5,065,879 6,640,104 406,746
590,887 2,608 749,185 6,346
26,563
590,887 2,608 749,185 32,909 2,013,641 2,046,550 147,396
24,140 107 24,671 1,865 1,865 (9,339)
254,289 489,174 743,463 9,339
24,140 107 24,672 256,154 489,174 745,328
5,655,373 24,965 7,825,606 1,863,288 7,568,695 9,431,983 554,142
27,233 1,986,408 33,579 2,012,971 (51,772) 199,167
44

for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25A. Unit Linked Disclosures Revenue Account Schedules to Annexure to Revenue Account (UL) forming part of Financial Statements Schedule UL1 Linked Income (recovered from linked funds)* Particulars Fund Administration charges Fund Management charge Policy Administration charge Surrender charge** Switching charge Mortality charge Rider Premium charge Partial withdrawal charge Miscellaneous charge Total (UL1) * ** Life Linked Unit (1) 586,870 523,417 383,231 30 353,859 46,086 6,696 1,900,189 Pension Linked Unit (2) 87,367 133,947 97 1,444 94 222,949 Linked Group Unit (3) 20,399 13,647 50 34,096 Total (4)=(1)+(2)+(3) 694,636 657,364 383,328 30 368,950 46,086 6,840 2,157,234
(net of service tax, if any). Fund management charges are inclusive of service tax figures Surrender charge includes partial surrender charge

for the year ended 31st March, 2009 (Currency: In thousands of Indian Rupees unless otherwise stated) 25A. Unit Linked Disclosures Revenue Account Schedules to Annexure to Revenue Account (UL) forming part of Financial Statements Schedule UL1 Linked Income (recovered from linked funds)* Particulars Fund Administration charges Fund Management charge Policy Administration charge Surrender charge** Switching charge Mortality charge Rider Premium charge Partial withdrawal charge Miscellaneous charge Total (UL1) * ** Life Linked Unit (1) 366,343 511,903 33,437 34 258,653 30,554 5,514 1,206,437 Pension Linked Unit (2) 41,719 128,349 56 9 1,409 67 171,609 Linked Group Unit (3) 11,427 216 26 2,290 110 14,069 Total (4)=(1)+(2)+(3) 419,489 640,468 33,519 43 262,352 30,554 5,691 1,392,116
(net of service tax, if any). Fund management charges are inclusive of service tax figures Surrender charge includes partial surrender charge
45

for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25A. Unit Linked Disclosures Revenue Account Schedule UL2 BENEFITS PAID [NET]
Sl. No. Particulars Non Unit (1) Insurance Claims (a) Claims by Death (b) Claims by Maturity (c) Annuities/Pension payment (d) Other benefits Survival Surrender Others Sub Total (A) 2. Amount Ceded in reinsurance (a) Claims by Death (b) Claims by Maturity (c) Annuities/Pension payment (d) Other benefits Surrender Survival Sub Total (B) TOTAL (A) (B) Benefits paid to claimants: In India Outside India TOTAL (UL2) 255,733 255,733 3,536,760 3,536,760 3,792,493 3,792,493 8,244 8,244 210,182 210,182 218,426 218,426 4,091 4,091 161,002 161,002 165,093 165,093 4,176,013 4,176,013 17,734 255,733 3,536,760 17,734 3,792,493 8,244 210,182 218,426 497 4,091 161,002 497 165,093 18,231 4,176,013 17,734 17,734 497 497 18,231 7,702 273,467 3,492,331 3,536,760 3,492,331 7,702 3,810,227 1,259 8,244 155,412 210,182 155,412 1,259 218,426 (976) 4,588 64,843 161,002 64,843 (976) 165,590 3,712,586 7,985 4,194,244 265,765 44,385 44 310,150 44 6,985 54,684 86 61,669 86 5,564 1,341 94,818 6,905 94,818 378,723 94,949 Linked Life Unit Linked Life (2) (3)=(1)+(2) Non-Unit (4) Linked Pension Unit (5) Linked Pension (6)=(4)+(5) Non-Unit (7) Linked Group Unit (8) Total Unit Linked Linked (10)=(3)+(6)+(9) Group (9)=(7)+(8)
1.
46

for the year ended 31st March 2009 (Currency: In thousands of Indian Rupees unless otherwise stated) 25A. Unit Linked Disclosures Revenue Account Schedule UL2 BENEFITS PAID [NET]
Sl. No. Particulars Non-Unit (1) Insurance Claims (a) Claims by Death (b) Claims by Maturity (c) Annuities/Pension payment (d) Other benefits Survival Surrender Others Sub Total (A) 2. Amount Ceded in reinsurance (a) Claims by Death (b) Claims by Maturity (c) Annuities/Pension payment (d) Other benefits Surrender Survival Sub Total (B) TOTAL (A) (B) Benefits paid to claimants: In India Outside India TOTAL (UL2) 119,445 119,445 1,454,780 1,454,780 1,574,225 1,574,225 6,346 6,346 26,563 26,563 32,909 32,909 1,865 1,865 254,289 254,289 256,154 256,154 1,863,288 1,863,288 8,992 119,445 1,454,780 8,992 1,574,225 6,346 26,563 32,909 166 1,865 254,289 166 256,154 9,158 1,863,288 8,992 8,992 166 166 9,158 6,270 128,437 1,434,999 1,454,780 1,434,999 6,270 1,583,217 4,603 6,346 2,899 26,563 2,899 4,603 32,909 1,265 2,031 184,141 254,289 184,141 1,265 256,320 1,622,039 12,138 1,872,446 122,167 19,781 141,948 1,744 23,664 25,407 766 707 69,440 1,473 69,440 168,828 69,440 Linked Life Unit Linked Life (2) (3)=(1)+(2) Non-Unit (4) Linked Pension Unit (5) Linked Pension (6)=(4)+(5) Non-Unit (7) Linked Group Unit (8) Total Unit Linked Linked (10)=(3)+(6)+(9) Group (9)=(7)+(8)
1.
47

for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25B. Unit Linked Disclosures Fund Balance Sheet Form A BS(UL) Fund Balance Sheet for the Year Ended 31st March, 2010
Kotak Guaranteed Money Market Fund Current Year Previous Year Kotak Group Money Market Fund Current Year Previous Year Money Market Fund Current Year Previous Year
Particulars Sources of Funds Policyholders Funds: Policyholder contribution Appr/Ex-Appr Reserve Revenue Account Total Application of Funds Investments Current Assets Less: Current Liabilities and Provisions Net current assets Total Net Asset Value (NAV) per Unit: (a) Net Asset as per Balance Sheet (Total Assets less Current Liabilities and Provisions) (b) Number of Units outstanding (c) NAV per Unit (a)/(b) (Rs.)
Schedule
F-1
816 1 1,455 2,272
932 1,276 2,208 2,209 (1) 2,208 15.8391 2,208 139,495 15.8319
14 45 59 59 59 17.1224 59 3,473 17.1224
14 41 55 54 1 55 15.7362 55 3,473 15.7362
8,106 1 (12) 8,095 4,055 4,225 (185) 4,040 8,095 10.0677 8,095 804,059 10.0677
F-2 F-3 F-4
2,272 2,272 17.2830 2,272 131,453 17.2830
25B. Unit Linked Disclosures Fund Balance Sheet (Contd.) Form ABS(UL) Fund Balance Sheet for the Year Ended 31st March, 2010
Pension Money Market Fund II Current Year Previous Year Kotak Dynamic Gilt Fund Current Year Previous Year Kotak guaranteed Gilt Fund Current Year Previous Year
Schedule
F-1
20,158 1 (49) 20,110
72,824 36 73,116 145,976 140,788 7,624 (2,436) 5,188 145,976 15.0810 145,976 9,679,471 15.0810
86,068 66,324 152,392 151,295 14,836 (13,739) 1,097 152,392 14.2157 152,392 10,720,021 14.2157
307,210 90 54,563 361,863 346,584 17,717 (2,438) 15,279 361,863 15.0383 361,863 24,062,788 15.0383
319,349 42,386 361,735 362,706 41,105 (42,076) (971) 361,735 14.2141 361,735 25,449,095 14.2141
F-2 F-3 F-4
13,042 7,069 7,069 20,110 10.0937 20,110 1,992,367 10.0937
48

for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25B. Unit Linked Disclosures Fund Balance Sheet (Contd.) Form A BS(UL) Fund Balance Sheet for the Year Ended 31st March, 2010
Kotak Pension Gilt Fund Current Year Previous Year Kotak Group Gilt Fund Current Year Previous Year Gilt Fund Current Year Previous Year
Schedule
F-1
206,178 53 2,995 209,226
224,462 (1,788) 222,674 216,336 31,256 (24,918) 6,338 222,674 14.5304 222,674 15,324,696 14.5304
76,531 (21) 9,234 85,744 83,182 3,650 (1,088) 2,562 85,744 15.4197 85,744 5,560,691 15.4197
61,772 5,247 67,019 65,711 3,857 (2,549) 1,308 67,019 14.4818 67,019 4,627,893 14.4815
778 778 700 78 78 778 10.0576 778 77,335 10.0576
F-2 F-3 F-4
201,150 10,513 (2,437) 8,076 209,226 15.3817 209,226 13,602,265 15.3817
Kotak Dynamic Bond Fund Current Year Previous Year Kotak guaranteed Bond Fund Current Year Previous Year Kotak Pension Bond Fund Current Year Previous Year
Schedule
F-1
172,340 130 64,520 236,990
142,133 50,559 192,692 161,634 31,459 (401) 31,058 192,692 14.6803 192,692 13,125,853 14.6803
271,979 180 54,662 326,821 302,284 24,538 (1) 24,537 326,821 16.0069 326,821 20,417,526 16.0069
218,227 36,367 254,594 238,699 28,569 (12,674) 15,895 254,594 14.5859 254,594 17,454,849 14.5859
346,177 201 23,429 369,807 339,230 30,583 (5) 30,578 369,807 16.1255 369,807 22,933,085 16.1255
327,612 3,551 331,163 322,152 34,184 (25,172) 9,012 331,163 14.7079 331,163 22,516,013 14.7079
F-2 F-3 F-4
217,118 19,874 (2) 19,872 236,990 16.0612 236,990 14,755,457 16.0612
49

Kotak Group Bond Fund Current Year Previous Year Bond Fund Current Year Previous Year Pension Bond Fund II Current Year Previous Year
Schedule
F-1
1,218,347 760 160,766 1,379,873
780,062 67,757 847,819 740,235 109,947 (2,363) 107,584 847,819 14.6634 847,819 57,818,850 14.6634
75,521 42 104 75,667 58,737 16,938 (8) 16,930 75,667 10.1341 75,667 7,466,571 10.1341
6,569 4 (27) 6,546 3,922 2,625 (1) 2,624 6,546 10.1067 6,546 647,675 10.1067
F-2 F-3 F-4
1,279,420 100,484 (31) 100,453 1,379,873 16.3723 1,379,873 84,280,951 16.3723
Kotak Dynamic Floating Rate Fund Current Year Previous Year Kotak guaranteed Floating Rate Fund Current Year Previous Year Kotak Pension Floating Rate Fund Current Year Previous Year
Schedule
F-1
61,320 58 44,641 106,019
91,972 40,597 132,569 109,340 24,438 (1,209) 23,229 132,569 13.4519 132,569 9,854,996 13.4520
217,284 150 52,025 269,459 257,415 12,045 (1) 12,043 269,459 14.1426 269,459 19,052,975 14.1426
224,013 44,966 268,979 244,707 28,188 (3,916) 24,272 268,979 13.4742 268,979 19,962,616 13.4741
92,015 53 2,593 94,661 89,871 4,791 (1) 4,790 94,661 14.1686 94,661 6,681,018 14.1686
83,038 991 84,029 78,460 9,889 (4,319) 5,570 84,029 13.5290 84,029 6,211,076 13.5289
F-2 F-3 F-4
101,818 4,201 4,201 106,019 14.1087 106,019 7,514,415 14.1087
50

Kotak Group Floating Rate Fund Current Year Previous Year Floating Rate Fund Current Year Previous Year Kotak Group 36M FMP 02/01/2011 Current Year Previous Year
Schedule
F-1
126,225 77 18,040 144,342
113,936 15,586 129,522 107,462 23,563 (1,504) 22,059 129,522 13.6648 129,522 9,478,435 13.6649
998 (3) 995 84 911 911 995 10.0597 995 98,939 10.0597
24,334 2 6,575 30,911 29,774 1,214 (77) 1,137 30,911 12.2201 30,911 2,529,504 12.2201
30,000 3,842 33,842 32,676 1,213 (47) 1,166 33,842 11.2812 33,842 3,000,000 11.2805
F-2 F-3 F-4
117,663 26,691 (12) 26,679 144,342 14.4007 144,342 10,023,279 14.4007
Kotak Group 12M FMP 28/03/2009 Current Year Previous Year Kotak Group 36M FMP 12/09/2011 Current Year Previous Year Kotak Group 11M FMP 06/10/2009 Current Year Previous Year
Schedule
F-1
(1,414) 1,414
(1,414) 1,414
8,349 2,062 10,411 10,085 468 (142) 326 10,411 12.1125 10,411 859,504 12.1125
10,013 1,130 11,143 10,696 468 (21) 447 11,143 11.1289 11,143 1,001,258 11.1289
(3,042) 3,042
30,034 1,476 31,510 31,151 419 (60) 359 31,510 10.4916 31,510 3,003,368 10.4916
F-2 F-3 F-4
51

Kotak Group 60M FMP 27/11/2013 Current Year Previous Year Kotak Group 50M FMP 27/02/2013 Current Year Previous Year Kotak Group 59M FMP 08/12/2013 Current Year Previous Year
Schedule
F-1
62,164 (1) 16,256 78,419
70,000 8,263 78,263 75,697 2,692 (126) 2,566 78,263 11.1803 78,263 7,000,000 11.1805
6,001 1 1,019 7,021 6,967 58 (4) 54 7,021 11.4579 7,021 612,733 11.4579
7,210 326 7,536 6,857 679 679 7,536 10.4531 7,536 721,000 10.4524
25,195 4,154 29,349 28,662 883 (196) 687 29,349 11.5178 29,349 2,548,138 11.5178
28,000 1,351 29,351 28,498 883 (30) 853 29,351 10.4826 29,351 2,800,000 10.4826
F-2 F-3 F-4
76,385 2,692 (658) 2,034 78,419 12.3670 78,419 6,341,015 12.3670
Kotak Dynamic Balanced Fund Current Year Previous Year Kotak guaranteed Balanced Fund Current Year Previous Year Kotak Pension Balanced Fund Current Year Previous Year
Schedule
F-1
100,509 442 144,375 245,326
106,938 78,918 185,856 178,167 7,784 (95) 7,689 185,856 21.3360 185,856 8,710,896 21.3360
1,450,720 3,229 343,488 1,797,438 1,738,157 59,316 (35) 59,281 1,797,438 26.7165 1,797,438 67,278,205 26.7165
1,302,997 70,291 1,373,288 1,360,293 43,135 (30,140) 12,995 1,373,288 21.6628 1,373,288 63,393,811 21.6628
5,680,502 10,720 277,870 5,969,092 5,844,593 257,836 (133,337) 124,499 5,969,092 27.1755 5,969,092 219,649,742 27.1755
4,284,096 (503,708) 3,780,388 3,700,147 193,126 (112,885) 80,241 3,780,388 22.1184 3,780,388 170,916,027 22.1184
F-2 F-3 F-4
243,290 6,414 (4,378) 2,036 245,326 29.2501 245,326 8,387,178 29.2501
52

Kotak Group Balanced Fund Current Year Previous Year Balanced Fund Current Year Previous Year Pension Balanced Fund II Current Year Previous Year
Schedule
F-1
1,041,767 2,223 195,774 1,239,764
559,383 (10,573) 548,810 490,911 81,777 (23,878) 57,899 548,810 21.5209 548,810 25,501,164 21.5210
1,872 4 25 1,901 1,703 247 (49) 198 1,901 10.4201 1,901 182,389 10.4201
2,961 5 (13) 2,953 1,791 1,245 (83) 1,162 2,953 10.1953 2,953 289,615 10.1953
F-2 F-3 F-4
1,327,811 25,146 (113,193) (88,047) 1,239,764 29.0804 1,239,764 42,632,312 29.0804
Kotak Dynamic Growth Fund Current Year Previous Year Kotak guaranteed Growth Fund Current Year Previous Year Kotak Pension Growth Fund Current Year Previous Year
Schedule
F-1
573,957 2,039 276,399 852,395
522,604 40,325 562,929 543,080 19,969 (120) 19,849 562,929 23.1350 562,929 24,332,333 23.1350
21,785,176 55,394 1,281,831 23,122,401 23,020,831 806,974 (705,404) 101,570 23,122,401 30.5851 23,122,401 756,002,147 30.5851
17,311,734 (2,186,234) 15,125,500 14,451,378 1,016,062 (341,940) 674,122 15,125,500 24.1730 15,125,500 625,717,674 24.1730
229,466 600 20,333 250,399 247,812 9,203 (6,616) 2,587 250,399 13.0131 250,399 19,242,033 13.0131
76,137 1,105 77,242 84,385 13,002 (20,146) (7,144) 77,242 10.2643 77,242 7,525,366 10.2642
F-2 F-3 F-4
845,958 12,850 (6,413) 6,437 852,395 33.4432 852,395 25,487,857 33.4432
53

Kotak Group Growth Fund Current Year Previous Year Kotak Aggressive Growth Fund Current Year Previous Year Kotak Group Agressive Growth Fund Current Year Previous Year
Schedule
F-1
(173) 173
5,127 (1,220) 3,907 3,862 221 (176) 45 3,907 8.3521 3,907 467,944 8.3499
2,915,174 8,655 689,795 3,613,624 3,585,975 45,178 (17,529) 27,649 3,613,624 32.9485 3,613,624 109,674,912 32.9485
2,201,228 (548,713) 1,652,515 1,611,684 50,066 (9,235) 40,831 1,652,515 18.8248 1,652,515 87,783,908 18.8248
(988) 988
1,180 131 1,311 1,294 17 17 1,311 11.6518 1,311 112,462 11.6562
F-2 F-3 F-4
Kotak Advantage Multiplier Fund Current Year Previous Year Kotak Advantage Plus Fund Current Year Previous Year Kotak Advantage Fund Current Year Previous Year
Schedule
F-1
56,726 (165) 11,827 68,388
65,864 362 66,226 69,858 5,041 (8,673) (3,632) 66,226 10.8742 66,226 6,090,125 10.8743
517,935 (1,611) 152,409 668,733 671,777 10,625 (13,669) (3,044) 668,733 12.8918 668,733 51,872,710 12.8918
918,693 28,785 947,478 957,561 54,608 (64,691) (10,083) 947,478 10.9670 947,478 86,393,485 10.9670
(1,128) 1,128
9,659 702 10,361 11,172 854 (1,665) (811) 10,361 11.3861 10,361 909,907 11.3872
F-2 F-3 F-4
68,206 1,155 (973) 182 68,388 12.9200 68,388 5,293,180 12.9200
54

Kotak Advantage Multiplier Fund II Current Year Previous Year Kotak Advantage Plus Fund II Current Year Previous Year Frontline Equity Fund Current Year Previous Year
Schedule
F-1
37,690 (112) 8,783 46,361
49,652 80 49,732 49,914 5,416 (5,598) (182) 49,732 10.8734 49,732 4,573,648 10.8736
406,080 1,257 116,752 524,089 521,075 10,846 (7,832) 3,014 524,089 12.9798 524,089 40,377,287 12.9798
654,047 15,258 669,305 672,376 39,993 (43,064) (3,071) 669,305 11.0327 669,305 60,665,563 11.0327
163,691 402 3,210 167,303 161,759 17,964 (12,420) 5,544 167,303 10.1314 167,303 16,513,301 10.1314
F-2 F-3 F-4
46,726 703 (1,068) (365) 46,361 12.9155 46,361 3,589,560 12.9155
Pension Frontline Equity Fund Current Year Previous Year Kotak Opportunities Fund Current Year Previous Year Kotak Pension Opportunities Fund Current Year Previous Year
Schedule
F-1
19,997 48 207 20,252
3,047,534 9,063 725,846 3,782,443 3,730,370 118,385 (66,312) 52,073 3,782,443 19.2146 3,782,443 196,852,528 19.2146
490,523 8,953 499,476 541,722 71,278 (113,524) (42,246) 499,476 9.9325 499,476 50,287,079 9.9325
43,582 (109) 1,461 44,934 45,857 79 (1,002) (923) 44,934 10.9569 44,934 4,101,007 10.9569
F-2 F-3 F-4
12,862 9,341 (1,951) 7,390 20,252 10.7640 20,252 1,881,436 10.7640
55

Classic Opportunities Fund Current Year Previous Year Pension Classic Opportunities Fund Current Year Previous Year Dynamic Floor Fund Current Year Previous Year
Schedule
F-1
646,446 1,585 12,361 660,392
67,575 164 775 68,514 38,554 32,732 (2,772) 29,960 68,514 10.7056 68,514 6,399,797 10.7056
3,729,766 7,241 298,135 4,035,142 3,978,895 174,855 (118,608) 56,247 4,035,142 16.0702 4,035,142 251,094,688 16.0702
1,483,652 30,902 1,514,554 1,459,228 167,948 (112,622) 55,326 1,514,554 13.1120 1,514,554 115,508,966 13.1120
F-2 F-3 F-4
522,366 169,792 (31,766) 138,026 660,392 10.4366 660,392 63,276,554 10.4366
Kotak Group Dynamic Floor Fund Current Year Previous Year Kotak Pension Floor Fund Current Year Previous Year Dynamic Floor Fund II Current Year Previous Year
Schedule
F-1
190,570 343 (100) 190,813
544,145 984 2,376 547,505 549,551 7,683 (9,729) (2,046) 547,505 10.5821 547,505 51,738,748 10.5821
1,498,347 2,719 15,172 1,516,238 1,212,546 351,257 (47,565) 303,692 1,516,238 10.1549 1,516,238 149,310,996 10.1549
F-2 F-3 F-4
202,164 6,992 (18,343) (11,351) 190,813 16.1443 190,813 11,819,215 16.1443
56

Pension Floor Fund II Current Year Previous Year Guarantee Fund Current Year Previous Year Pension Guarantee Fund Current Year Previous Year
Schedule
F-1
343,933 619 382 344,934
163,658 296 1,505 165,459 140,118 27,594 (2,253) 25,341 165,459 10.5435 165,459 15,693,030 10.5435
344,305 623 1,206 346,134 251,880 102,560 (8,306) 94,254 346,134 10.0920 346,134 34,297,813 10.0920
F-2 F-3 F-4
234,752 123,431 (13,249) 110,182 344,934 10.0298 344,934 34,390,874 10.0298
Peak Guarantee Fund I Current Year Previous Year Total Current Year Previous Year
Schedule
F-1
164,263 295 (410) 164,148
49,169,037 108,785 5,180,665 54,458,487 53,032,627 2,785,727 (1,359,863) 1,425,859 54,458,487
32,890,949 (2,582,990) 30,307,959 29,173,613 2,157,923 (1,023,576) 1,134,346 30,307,959
F-2 F-3 F-4
73,980 95,454 (5,286) 90,168 164,148 10.3534 164,148 15,854,484 10.3534
54,458,487

30,307,959
57

for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25C. Unit Linked Disclosures Fund Revenue Account Form A RA(UL) Fund Revenue Account for the year ended 31st March, 2010
Particulars Schedule Kotak Guaranteed Money Market Fund Current Previous Year Year 207 253 11 21 (3) (2) 213 15 19 34 179 1,276 1,455 274 14 34 48 226 1,050 1,276 Kotak Group Money Market Fund Current Previous Year Year 5 6 1 5 1 1 4 41 45 7 0 0 7 34 41 Money Market Fund Current Year 13 3 16 4 24 28 (12) (12) Previous Year Pension Money Market Fund II Current Previous Year Year 86 7 2 (1) (3) 91 22 118 140 (49) (49)
Interest income Dividend income Profit on sale of investment Profit on inter fund transfer / sale of investment Loss on sale of investment Loss on inter fund transfer / sale of investment Miscellaneous Income Unrealised Gain/Loss Total (A) Fund administration expenses Fund management expenses Other charges : Total (B) Net Income for the year (AB) Add: Fund revenue account at the beginning of the year Fund revenue account at the end of the year
F-5
25C. Unit Linked Disclosures Fund Revenue Account (Contd.) Form A RA(UL) Fund Revenue Account for the year ended 31st March, 2010
Particulars Schedule Kotak Dynamic Gilt Fund Current Previous Year Year 10,307 9,897 4,835 15,975 120 (6,256) (72) 1,680 10,614 1,623 2,199 3,822 6,792 66,324 73,116 1,512 (8,609) (1,292) (1,198) 16,285 1,446 1,819 3,265 13,020 53,304 66,324 Kotak guaranteed Gilt Fund Current Previous Year Year 26,642 18,688 10,048 30,037 23 (12,847) (631) 1,555 24,790 4,213 8,400 12,613 12,177 42,386 54,563 2,496 (18,902) (1,604) (2,034) 28,681 2,744 5,176 7,920 20,761 21,625 42,386 Kotak Pension Gilt Fund Current Previous Year Year 14,297 3,858 5,999 4,199 30 (6,615) (71) 810 14,450 2,287 7,380 9,667 4,783 (1,788) 2,995 138 (5,035) (88) (2,391) 681 588 2,389 2,977 (2,296) 508 (1,788) Kotak Group Gilt Fund Current Previous Year Year 5,280 3,113 2,650 4,825 128 (3,319) (90) 675 5,324 669 669 1,338 3,986 5,247 9,234 581 (2,733) (216) (913) 4,657 365 330 695 3,962 1,285 5,247
F-5
58

for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25C. Unit Linked Disclosures Fund Revenue Account (Contd.) Form A RA(UL) Fund Revenue Account for the year ended 31st March, 2010
Particulars Schedule Gilt Fund Current Year 4 4 1 3 4 (0) (0) Previous Year Kotak Dynamic Bond Fund Current Previous Year Year 15,847 8,305 8,009 5,380 947 (3,326) (327) (162) 20,988 2,732 4,295 7,027 13,961 50,559 64,520 1,019 (2,541) (654) 2,002 13,511 1,259 2,030 3,289 10,222 40,337 50,559 Kotak guaranteed Bond Fund Current Previous Year Year 22,291 12,869 11,379 8,551 2,249 (4,122) (103) (1,598) 30,096 3,899 7,902 11,801 18,295 36,367 54,662 1,231 (4,007) (1,209) 3,377 20,812 1,961 3,935 5,896 14,916 21,451 36,367 Kotak Pension Bond Fund Current Previous Year Year 27,792 3,411 10,021 1,918 1,719 (3,034) (275) (90) 36,133 4,614 11,641 16,255 19,878 3,551 23,429 264 (853) (57) 1,294 5,977 539 2,207 2,746 3,231 320 3,551
F-5
Particulars Schedule Kotak Group Bond Fund Current Previous Year Year 72,773 32,877 47,058 23,780 8,074 (15,915) (378) (3,733) 107,879 8,174 6,696 14,870 93,009 67,757 160,766 3,543 (9,917) (2,254) 8,625 56,654 3,331 953 4,284 52,370 15,387 67,757 Bond Fund Current Year 228 44 3 (5) (8) 102 364 49 211 260 104 104 Previous Year Pension Bond Fund II Current Previous Year Year 20 5 (2) (1) 5 27 4 50 54 (27) (27) Kotak Dynamic Floating Rate Fund Current Previous Year Year 7,519 6,685 355 2,771 (1,030) (238) 412 7,018 1,528 1,446 2,974 4,044 40,597 44,641 180 (133) (259) (840) 8,404 1,127 1,102 2,229 6,175 34,422 40,597
F-5
59

Particulars Schedule Kotak guaranteed Floating Rate Fund Current Previous Year Year 17,917 21,191 948 7,889 (2,720) (590) 1,186 16,741 3,651 6,031 9,682 7,059 44,966 52,025 1,116 (409) (1,029) (2,518) 26,240 3,573 7,653 11,226 15,014 29,952 44,966 Kotak Pension Floating Rate Fund Current Previous Year Year 5,906 1,495 286 579 (641) (162) (30) 5,359 1,229 2,528 3,757 1,602 991 2,593 25 (25) (46) (226) 1,802 259 919 1,178 624 367 991 Kotak Group Floating Rate Fund Current Previous Year Year 8,423 7,657 384 2,884 (1,144) (331) 470 7,802 1,148 4,200 5,348 2,454 15,586 18,040 221 (169) (304) (948) 9,341 862 446 1,308 8,033 7,553 15,586 Floating Rate Fund Current Year 3 3 (3) (3) Previous Year
F-5
Particulars Schedule Kotak Group 36M FMP 02/01/2011 Current Previous Year Year 2,914 2,900 53 7 (1) (47) 2,919 186 186 2,733 3,842 6,575 (1) 768 3,674 174 174 3,500 342 3,842 Kotak Group 12M FMP 28/03/2009 Current Previous Year Year 1,460 32 1,492 93 93 1,399 15 1,414 Kotak Group 36M FMP 12/09/2011 Current Previous Year Year 894 491 7 2 116 1,017 85 85 932 1,130 2,062 1 680 1,174 44 44 1,130 1,130 Kotak Group 11M FMP 06/10/2009 Current Previous Year Year 1,724 1,315 226 (255) 1,695 129 129 1,566 1,476 3,042 255 1,570 94 94 1,476 1,476
F-5
60

Particulars Schedule Kotak Group 60M FMP 27/11/2013 Current Previous Year Year 7,836 2,534 688 8,524 531 531 7,993 8,263 16,256 3 5,892 8,429 166 166 8,263 8,263 Kotak Group 50M FMP 27/02/2013 Current Previous Year Year 632 135 110 742 49 49 693 326 1,019 202 337 11 11 326 326 Kotak Group 59M FMP 08/12/2013 Current Previous Year Year 2,805 522 163 2,968 165 165 2,803 1,351 4,154 859 1,381 30 30 1,351 1,351 Kotak Dynamic Balanced Fund Current Previous Year Year 9,311 8,519 1,234 1,358 29,054 7,337 1,530 (5,592) (29) 36,535 72,043 3,348 3,238 6,586 65,457 78,918 144,375 498 (45,504) (370) (11,007) (39,169) 2,855 3,019 5,874 (45,043) 123,961 78,918
F-5
Particulars Schedule Kotak guaranteed Balanced Fund Current Previous Year Year 89,671 65,944 6,023 7,045 110,255 54,529 1,242 (31,078) (2) 174,492 350,603 23,821 53,585 77,406 273,197 70,291 343,488 1,407 (252,639) (3,215) (35,621) (162,550) 18,715 27,190 45,905 (208,455) 278,746 70,291 Kotak Pension Balanced Fund Current Previous Year Year 272,034 145,050 17,572 13,901 273,896 98,686 600 (79,664) (103) 511,091 995,426 71,295 142,553 213,848 781,578 (503,708) 277,870 566 (507,281) (5,612) (49,844) (304,534) 40,234 124,391 164,625 (469,159) (34,549) (503,708) Kotak Group Balanced Fund Current Previous Year Year 31,032 23,827 3,798 3,956 79,282 18,953 916 (18,531) (106) 120,022 216,413 8,770 1,296 10,066 206,347 (10,573) 195,774 230 (130,208) (4,791) (25,640) (113,673) 6,212 904 7,116 (120,789) 110,216 (10,573) Balanced Fund Current Year 10 1 (1) (1) 55 64 4 35 39 25 25 Previous Year
F-5
61

Particulars Schedule Pension Balanced Fund II Current Previous Year Year 3 1 1 1 6 1 18 19 (13) (13) Kotak Dynamic Growth Fund Current Previous Year Year 21,772 16,091 4,943 5,451 106,417 26,637 2,051 (20,208) (123) 152,038 266,890 12,655 18,161 30,816 236,074 40,325 276,399 541 (169,726) (7,780) (48,035) (176,821) 9,872 15,284 25,156 (201,977) 242,302 40,325 Kotak guaranteed Growth Fund Current Previous Year Year 981,039 526,271 89,044 93,135 1,228,399 463,092 22,289 (395,106) (11,779) 2,659,788 4,573,674 331,684 773,925 1,105,609 3,468,065 (2,186,234) 1,281,831 21,433 (3,271,944) (62,325) (515,413) (2,745,751) 220,867 650,460 871,327 (3,617,078) 1,430,844 (2,186,234) Kotak Pension Growth Fund Current Previous Year Year 7,270 219 587 7 7,688 69 45 (1,090) 13,947 28,447 2,496 6,723 9,219 19,228 1,105 20,333 (214) (7) 1,538 1,612 98 409 507 1,105 1,105
F-5
Particulars Schedule Kotak Group Growth Fund Current Previous Year Year 114 72 27 19 604 89 620 (90) (60) 230 1,445 47 5 52 1,393 (1,220) 173 2 (614) (529) 246 (715) 32 32 (747) (473) (1,220) Kotak Aggressive Growth Fund Current Previous Year Year 10,258 17,883 29,411 15,965 571,087 28,857 12,373 (64,394) (3,136) 824,245 1,379,844 51,096 90,240 141,336 1,238,508 (548,713) 689,795 137 (460,887) (2,288) (150,398) (550,731) 25,399 75,383 100,782 (651,513) 102,800 (548,713) Kotak Group Aggressive Growth Fund Current Previous Year Year 11 59 20 1 417 55 532 (24) (18) (59) 879 22 22 857 131 988 32 (82) (1) 61 125 13 13 112 19 131 Kotak Advantage Multiplier Fund Current Previous Year Year 3,307 4,857 313 207 7,419 4,208 522 (1,499) (273) 4,313 14,102 2,248 389 2,637 11,465 362 11,827 351 (8,816) (331) 148 624 2,328 368 2,696 (2,072) 2,434 362
F-5
62

Particulars Schedule Kotak Advantage Plus Fund Current Previous Year Year 37,889 81,494 3,213 2,950 82,716 74,499 11,623 (16,032) (1,901) 40,147 157,655 24,828 9,203 34,031 123,624 28,785 152,409 8,907 (135,668) (7,305) 3,900 28,777 38,099 8,146 46,245 (17,468) 46,253 28,785 Kotak Advantage Fund Current Previous Year Year 189 720 13 21 349 628 401 (87) (53) (64) 748 111 211 322 426 702 1,128 82 (922) (66) (66) 397 324 71 395 2 700 702 Kotak Advantage Multiplier Fund II Current Previous Year Year 2,473 3,152 245 130 5,877 2,564 402 (1,139) (233) 3,106 10,731 1,700 328 2,028 8,702 80 8,783 377 (5,431) (210) 17 599 1,503 201 1,704 (1,105) 1,185 80 Kotak Advantage Plus Fund II Current Previous Year Year 33,023 44,054 2,964 1,551 75,678 40,764 6,451 (13,273) (5,492) 30,495 129,846 21,713 6,639 28,352 101,494 15,258 116,752 4,199 (73,867) (3,667) 6,202 19,236 20,540 1,693 22,233 (2,997) 18,255 15,258
F-5
Particulars Schedule Frontline Equity Fund Current Previous Year Year 94 25 105 3 (62) (10) 3,792 3,947 168 569 737 3,210 3,210 Pension Frontline Equity Fund Current Previous Year Year 12 1 8 (4) (3) 342 356 12 137 149 207 207 Kotak Opportunities Fund Current Previous Year Year 8,849 905 15,199 103 377,521 170 43,372 (34,047) (727) 482,264 892,431 43,550 131,988 175,538 716,893 8,953 725,846 (717) (19) 14,719 15,161 773 5,435 6,208 8,953 8,953 Kotak Pension Opportunities Fund Current Previous Year Year 275 37 543 338 (325) (212) 1,864 2,520 382 677 1,059 1,461 1,461
F-5
63

Particulars Schedule Classic Opportunities Fund Current Previous Year Year 376 45 912 71 (201) (40) 16,084 17,247 691 4,195 4,886 12,361 12,361 Pension Classic Opportunities Fund Current Previous Year Year 39 1 63 2 (10) (27) 1,223 1,291 46 470 516 775 775 Dynamic Floor Fund Current Previous Year Year 102,773 54,239 11,574 421 281,532 37,241 8,085 (63,995) (1,607) 111,441 449,803 49,762 132,808 182,570 267,233 30,902 298,135 726 (28,802) (3,859) 10,825 70,791 12,942 30,684 43,626 27,165 3,737 30,902 Kotak Group Dynamic Floor Fund Current Previous Year Year 1,135 74 67 (734) 611 1,153 423 830 1,253 (100) (100)
F-5
Particulars Schedule Kotak Pension Floor Fund Current Previous Year Year 7,787 939 6,237 1,969 (6,404) (1,399) 5,265 14,394 4,345 7,673 12,018 2,376 2,376 Dynamic Floor Fund II Current Previous Year Year 3,883 296 437 (988) 20,405 24,033 1,635 7,226 8,861 15,172 15,172 Pension Floor Fund II Current Previous Year Year 622 45 116 (27) 2,523 3,279 259 2,638 2,897 382 382 Guarantee Fund Current Year 202 24 67 721 (42) 1,220 2,192 103 584 687 1,505 1,505 Previous Year
F-5
64

Particulars Schedule Pension Guarantee Fund Current Previous Year Year 882 64 75 (284) 2,641 3,378 374 1,798 2,172 1,206 1,206 Peak Guarantee Fund I Current Previous Year Year 56 5 13 4 188 266 38 638 676 (410) (410) Total Current Year 1,878,761 187,735 3,348,935 129,682 (815,868) (30,659) 5,222,304 9,920,890 694,636 1,462,599 2,157,235 7,763,655 (2,582,990) 5,180,665 Previous Year 1,133,018 146,222 967,196 51,848 (5,146,654) (111,390) (785,482) (3,745,241) 419,489 972,630 1,392,119 (5,137,361) 2,554,371 (2,582,990)
F-5
65

for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Balance Sheet Schedule: F 1 POLICYHOLDERS CONTRIBUTION
Particulars Kotak Guaranteed Money Market Fund Current Year Opening balance Add: Additions during the year* Less: Deductions during the year* Closing balance Particulars 932 116 816 Kotak Dynamic Gilt Fund Current Year Opening balance Add: Additions during the year* Less: Deductions during the year* Closing balance Particulars 86,068 37,295 50,539 72,824 Previous Year 73,215 62,292 49,439 86,068 Previous Year 1,383 451 932 Kotak Group Money Market Fund Current Year 14 14 Kotak guaranteed Gilt Fund Current Year 319,349 120,224 132,363 307,210 Previous Year 179,097 211,981 71,729 319,349 Previous Year 14 14 Money Market Fund Current Year 8,637 531 8,106 Kotak Pension Gilt Fund Current Year 224,462 52,453 70,737 206,178 Previous Year 14,327 236,616 26,481 224,462 Previous Year Pension Money Market Fund II Current Year 20,731 573 20,158 Kotak Group Gilt Fund Current Year 61,772 34,141 19,382 76,531 Previous Year 33,163 35,079 6,470 61,772 Previous Year
Gilt Fund Current Year Previous Year
Kotak Dynamic Bond Fund Current Year 142,133 192,563 162,356 172,340 Previous Year 66,072 124,813 48,752 142,133
Kotak guaranteed Bond Fund Current Year 218,227 241,251 187,499 271,979 Previous Year 105,174 252,937 139,884 218,227
Kotak Pension Bond Fund Current Year 327,612 158,278 139,713 346,177 Previous Year 9,762 334,117 16,267 327,612
Opening balance Add: Additions during the year* Less: Deductions during the year* Closing balance Particulars
782 4 778 Kotak Group Bond Fund Current Year
Bond Fund Current Year 77,872 2,351 75,521 Kotak Pension Floating Rate Fund Current Year 83,038 44,524 35,547 92,015 Previous Year 8,287 91,076 16,325 83,038 Previous Year
Pension Bond Fund II Current Year 7,579 1,010 6,569 Kotak Group Floating Rate Fund Current Year 113,936 84,834 72,545 126,225 Previous Year 79,205 88,526 53,795 113,936 Previous Year
Kotak Dynamic Floating Rate Fund Current Year 91,972 41,788 72,440 61,320 Previous Year 43,466 64,585 16,079 91,972
Previous Year 304,157 544,286 68,381 780,062
780,062 732,797 294,512 1,218,347
Kotak guaranteed Floating Rate Fund Current Year Previous Year 370,722 100,270 246,979 224,013
Floating Rate Fund Current Year 1,033 35 998 Previous Year
Opening balance Add: Additions during the year* Less: Deductions during the year* Closing balance
224,013 73,544 80,273 217,284
* Additions represents units creation and deductions represents units cancellation
66

for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures Schedules to Fund Revenue & Fund Balance Sheet (Contd.) Schedules to Fund Balance Sheet Schedule: F 1 POLICYHOLDERS CONTRIBUTION
Particulars Kotak Group 36M FMP 02/01/2011 Current Year Opening balance Add: Additions during the year* Less: Deductions during the year* Closing balance Particulars 30,000 5,666 24,334 Previous Year 30,000 30,000 Kotak Group 12M FMP 28/03/2009 Current Year (1,414) (1,414) Previous Year 15,000 16,414 (1,414) Kotak Group 36M FMP 12/09/2011 Current Year 10,013 1,664 8,349 Previous Year 10,013 10,013 Kotak Group 11M FMP 06/10/2009 Current Year 30,034 33,076 (3,042) Previous Year 30,034 30,034
Kotak Group 60M FMP 27/11/2013 Current Year Previous Year 70,000 70,000
Kotak Group 50M FMP 27/02/2013 Current Year 7,210 1,209 6,001 Kotak Pension Balanced Fund Current Year 4,284,096 1,828,329 431,923 5,680,502 Previous Year 2,362,676 2,216,616 295,196 4,284,096 Previous Year 7,210 7,210
Kotak Group 59M FMP 08/12/2013 Current Year 28,000 2,805 25,195 Previous Year 28,000 28,000
Kotak Dynamic Balanced Fund Current Year 106,938 58,483 64,912 100,509 Previous Year 100,145 47,397 40,604 106,938
70,000 7,836 62,164
Kotak guaranteed Balanced Fund Current Year Previous Year 1,054,468 494,378 245,849 1,302,997
Kotak Group Balanced Fund Current Year 559,383 539,804 57,420 1,041,767 Previous Year 532,354 209,446 182,417 559,383
Balanced Fund Current Year 1,909 37 1,872 Kotak Pension Growth Fund Current Year 76,137 175,510 22,181 229,466 Previous Year 78,487 2,350 76,137 Previous Year
1,302,997 487,982 340,259 1,450,720
Pension Balanced Fund II Current Year Previous Year
Kotak Dynamic Growth Fund Current Year 522,604 229,728 178,375 573,957 Previous Year 422,986 198,831 99,213 522,604
Kotak guaranteed Growth Fund Current Year 17,311,734 7,335,184 2,861,742 21,785,176 Previous Year 11,086,594 7,691,225 1,466,085 17,311,734
3,003 42 2,961 Kotak Group Growth Fund Current Year
Kotak Aggressive Growth Fund Current Year 2,201,228 1,129,601 415,655 2,915,174 Previous Year 1,289,329 1,088,381 176,482 2,201,228
Kotak Group Agressive Growth Fund Current Year 1,180 339 2,507 (988) Previous Year 644 536 1,180
Kotak Advantage Multiplier Fund Current Year 65,864 1,085 10,223 56,726 Previous Year 67,727 3,615 5,478 65,864
Previous Year 3,851 2,934 1,658 5,127
5,127 1,231 6,531 (173)
67

for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures Schedules to Fund Revenue & Fund Balance Sheet (Contd.) Schedules to Fund Balance Sheet Schedule: F 1 POLICYHOLDERS CONTRIBUTION
Particulars Kotak Advantage Plus Fund Current Year Opening balance Add: Additions during the year* Less: Deductions during the year* Closing balance Particulars 918,693 44,100 444,858 517,935 Previous Year 1,111,406 31,683 224,396 918,693 Kotak Advantage Fund Current Year 9,659 344 11,131 (1,128) Previous Year 8,952 3,668 2,961 9,659 Kotak Advantage Multiplier Fund II Current Year 49,652 2,867 14,829 37,690 Previous Year 41,838 9,427 1,613 49,652 Kotak Advantage Plus Fund II Current Year 654,047 34,724 282,691 406,080 Previous Year 573,321 93,862 13,136 654,047
Frontline Equity Fund Current Year Previous Year
Pension Frontline Equity Fund Current Year 20,066 69 19,997 Pension Classic Opportunities Fund Current Year 67,815 240 67,575 Dynamic Floor Fund II Current Year 1,551,315 52,968 1,498,347 Peak Guarantee Fund I Current Year 167,659 3,396 164,263 Previous Year Previous Year Previous Year Previous Year
Kotak Opportunities Fund Current Year 490,523 2,707,307 150,296 3,047,534 Previous Year 511,687 21,164 490,523
Kotak Pension Opportunities Fund Current Year 50,408 6,826 43,582 Previous Year
170,837 7,146 163,691 Classic Opportunities Fund Current Year
Dynamic Floor Fund Current Year 1,483,652 2,717,987 471,873 3,729,766 Previous Year 550,723 1,155,571 222,642 1,483,652
Kotak Group Dynamic Floor Fund Current Year 217,393 26,823 190,570 Previous Year
Previous Year
667,187 20,741 646,446 Kotak Pension Floor Fund Current Year
Pension Floor Fund II Current Year 349,824 5,891 343,933 Previous Year
Guarantee Fund Current Year 166,005 2,347 163,658 Previous Year
Previous Year
586,572 42,427 544,145 Pension Guarantee Fund Current Year
Total Current Year 32,890,949 23,600,170 7,322,082 49,169,037 Previous Year 20,540,057 16,129,580 3,778,688 32,890,949
Previous Year
355,246 10,941 344,305
68

for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Schedule: F 2 INVESTMENTS
Particulars Kotak Guaranteed Money Market Fund Current Year Approved Investments Government Bonds Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Other Investments Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Grand Total % of Approved Investments to Total % of Other Investments to Total 2,272 100.00% 0.00% 2,209 100.00% 0.00% 59 100.00% 0.00% 54 100.00% 0.00% 4,055 100.00% 0.00% 0.00% 0.00% 13,041 100.00% 0.00% 0.00% 0.00% 2,272 2,272 2,209 2,209 59 59 54 54 4,055 4,055 13,041 13,041 Previous Year Kotak Group Money Market Fund Current Year Previous Year Money Market Fund Current Year Previous Year Pension Money Market Fund II Current Year Previous Year
Schedule: F 2 INVESTMENTS (Contd.)

Particulars Kotak Dynamic Gilt Fund Current Year Approved Investments Government Bonds Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Other Investments Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Grand Total % of Approved Investments to Total % of Other Investments to Total 140,788 100.00% 0.00% 151,295 100.00% 0.00% 346,584 100.00% 0.00% 362,706 100.00% 0.00% 201,150 100.00% 0.00% 216,336 100.00% 0.00% 83,182 100.00% 0.00% 65,711 100.00% 0.00% 88,994 40,871 9,033 1,890 140,788 135,729 50 15,516 151,295 209,441 110,231 20,162 6,750 346,584 324,106 129 38,471 362,706 138,577 39,165 21,578 1,830 201,150 187,812 3 28,521 216,336 52,952 22,058 6,822 1,350 83,182 60,444 9 5,258 65,711 Previous Year Kotak guaranteed Gilt Fund Current Year Previous Year Kotak Pension Gilt Fund Current Year Previous Year Kotak Group Gilt Fund Current Year Previous Year
69

for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Schedule: F 2 INVESTMENTS (Contd.)
Particulars Gilt Fund Current Year Approved Investments Government Bonds Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Other Investments Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Grand Total % of Approved Investments to Total % of Other Investments to Total 700 100.00% 0.00% 0.00% 0.00% 217,118 100.00% 0.00% 161,634 100.00% 0.00% 302,284 100.00% 0.00% 238,699 100.00% 0.00% 339,230 100.00% 0.00% 322,152 100.00% 0.00% 337 333 30 700 16,368 70,689 86,779 35,322 7,960 217,118 37,499 44,201 51,874 28,060 161,634 28,320 110,362 110,147 45,115 8,340 302,284 26,854 76,708 86,877 48,260 238,699 36,027 136,559 114,552 39,442 12,650 339,230 82,494 81,086 92,876 65,696 322,152 Previous Year Kotak Dynamic Bond Fund Current Year Previous Year Kotak guaranteed Bond Fund Current Year Previous Year Kotak Pension Bond Fund Current Year Previous Year

Particulars Kotak Group Bond Fund Current Year Approved Investments Government Bonds Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Other Investments Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Grand Total % of Approved Investments to Total % of Other Investments to Total 1,279,420 100.00% 0.00% 740,235 100.00% 0.00% 58,737 100.00% 0.00% 0.00% 0.00% 3,922 100.00% 0.00% 0.00% 0.00% 101,818 100.00% 0.00% 109,340 100.00% 0.00% 49,010 452,147 625,918 127,985 24,360 1,279,420 164,868 197,617 214,145 163,605 740,235 3,963 28,391 24,331 2,052 58,737 192 1,694 1,635 401 3,922 7,140 49,596 28,054 15,278 1,750 101,818 60,048 34,720 14,572 109,340 Previous Year Bond Fund Current Year Previous Year Pension Bond Fund II Current Year Previous Year Kotak Dynamic Floating Rate Fund Current Year Previous Year
70

Particulars Kotak guaranteed Floating Rate Fund Current Year Approved Investments Government Bonds Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Other Investments Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Grand Total % of Approved Investments to Total % of Other Investments to Total 257,415 100.00% 0.00% 244,707 100.00% 0.00% 89,871 100.00% 0.00% 78,460 100.00% 0.00% 117,663 100.00% 0.00% 107,462 100.00% 0.00% 84 100.00% 0.00% 0.00% 0.00% 13,600 132,374 67,357 39,044 5,040 257,415 137,564 74,943 32,200 244,707 8,576 41,324 25,824 13,098 1,049 89,871 44,736 24,018 9,706 78,460 8,011 60,519 31,364 16,679 1,090 117,663 58,250 32,444 16,768 107,462 13 45 25 1 84 Previous Year Kotak Pension Floating Rate Fund Current Year Previous Year Kotak Group Floating Rate Fund Current Year Previous Year Floating Rate Fund Current Year Previous Year

Particulars Kotak Group 36M FMP 02/01/2011 Current Year Approved Investments Government Bonds Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Other Investments Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Grand Total % of Approved Investments to Total % of Other Investments to Total 29,774 100.00% 0.00% 32,676 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 10,085 100.00% 0.00% 10,696 100.00% 0.00% 0.00% 0.00% 31,151 100.00% 0.00% 29,774 29,774 29,821 2,855 32,676 4,244 5,841 10,085 4,189 5,781 727 10,696 10,184 20,967 31,151 Previous Year Kotak Group 12M FMP 28/03/2009 Current Year Previous Year Kotak Group 36M FMP 12/09/2011 Current Year Previous Year Kotak Group 11M FMP 06/10/2009 Current Year Previous Year
71

Particulars Kotak Group 60M FMP 27/11/2013 Current Year Approved Investments Government Bonds Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Other Investments Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Grand Total % of Approved Investments to Total % of Other Investments to Total 76,385 100.00% 0.00% 75,697 100.00% 0.00% 6,967 100.00% 0.00% 6,857 100.00% 0.00% 28,662 100.00% 0.00% 28,498 100.00% 0.00% 11,182 11,182 243,290 95.40% 4.60% 3,605 3,605 178,167 97.98% 2.02% 15,237 61,148 76,385 15,100 60,597 75,697 6,967 6,967 6,857 6,857 11,566 17,096 28,662 11,461 17,037 28,498 12,951 20,779 44,466 127,862 25,239 810 232,107 12,436 27,205 35,113 67,916 31,892 174,562 Previous Year Kotak Group 50M FMP 27/02/2013 Current Year Previous Year Kotak Group 59M FMP 08/12/2013 Current Year Previous Year Kotak Dynamic Balanced Fund Current Year Previous Year

Particulars Kotak guaranteed Balanced Fund Current Year Approved Investments Government Bonds Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Other Investments Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Grand Total % of Approved Investments to Total % of Other Investments to Total 19,513 19,513 1,738,157 98.88% 1.12% 22,085 22,085 1,360,293 98.38% 1.62% 63,886 63,886 5,844,593 98.91% 1.09% 63,505 63,505 3,700,147 98.28% 1.72% 55,089 57,390 112,479 1,327,811 91.53% 8.47% 9,299 9,299 490,911 98.11% 1.89% 78 78 1,703 95.44% 4.56% 214,986 332,826 431,998 531,264 192,641 14,930 1,718,645 83,672 200,513 350,518 445,130 238,375 20,000 1,338,208 725,200 894,044 1,558,458 1,772,502 806,533 23,970 5,780,707 423,560 497,736 814,737 1,153,766 726,843 20,000 3,636,642 87,971 144,809 220,882 628,764 79,406 53,500 1,215,332 32,055 70,164 74,803 193,944 100,646 10,000 481,612 128 562 890 45 1,625 0.00% 0.00% Previous Year Kotak Pension Balanced Fund Current Year Previous Year Kotak Group Balanced Fund Current Year Previous Year Balanced Fund Current Year Previous Year
72

Particulars Pension Balanced Fund II Current Year Approved Investments Government Bonds Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Other Investments Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Grand Total % of Approved Investments to Total % of Other Investments to Total 80 80 1,791 95.56% 4.44% 59 636 46 911 60 1,712 0.00% 0.00% 51,828 51,828 845,958 93.87% 6.13% 14,862 14,862 543,080 97.26% 2.74% 320,674 320,674 98.61% 1.39% 320,881 320,881 97.78% 2.22% 3,476 3,476 247,812 98.60% 1.40% 1,470 1,470 84,385 98.26% 1.74% 21,802 54,802 116,231 591,730 9,565 794,130 31,879 55,251 83,196 261,887 96,005 528,218 1,863,309 3,425,020 4,309,352 9,066,658 3,995,818 40,000 968,073 2,039,859 2,436,763 6,021,629 2,415,673 248,500 34,842 41,432 33,505 97,426 34,691 2,440 244,336 30,451 1,334 6,297 36,418 6,915 1,500 82,915 Previous Year Kotak Dynamic Growth Fund Current Year Previous Year Kotak guaranteed Growth Fund Current Year Previous Year Kotak Pension Growth Fund Current Year Previous Year
22,700,157 14,130,497
23,020,831 14,451,378

Particulars Kotak Group Growth Fund Current Year Approved Investments Government Bonds Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Other Investments Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Grand Total % of Approved Investments to Total % of Other Investments to Total 0.00% 0.00% 71 71 3,862 98.15% 1.85% 276,221 276,221 3,585,975 92.30% 7.70% 68,445 68,445 1,611,684 95.75% 4.25% 1,523 82 237 1,631 318 3,791 1,815 15,850 90,445 3,127,523 49,730 24,390 3,309,753 31,413 17,595 72,302 1,297,022 124,907 1,543,239 0.00% 0.00% 53 53 1,294 95.95% 4.13% 1,767 1,767 68,206 97.41% 2.59% 419 419 69,858 99.40% 0.60% 66 40 108 964 63 1,241 4,270 4,698 13,437 37,221 5,863 950 66,439 14,687 9,306 21,027 9,430 14,989 69,439 Previous Year Kotak Aggressive Growth Fund Current Year Previous Year Kotak Group Aggressive Growth Fund Current Year Previous Year Kotak Advantage Multiplier Fund Current Year Previous Year
73

Particulars Kotak Advantage Plus Fund Current Year Approved Investments Government Bonds Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Other Investments Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Grand Total % of Approved Investments to Total % of Other Investments to Total 17,396 17,396 671,777 97.41% 2.59% 4,715 4,715 957,561 99.51% 0.49% 27,737 96,508 65,611 364,160 84,216 16,150 654,382 200,987 148,432 353,695 108,985 140,747 952,846 0.00% 0.00% 81 81 11,172 99.28% 0.72% 1,191 1,191 46,726 97.45% 2.55% 300 300 49,914 99.40% 0.60% 13,521 13,521 521,075 97.41% 2.59% 3,504 3,504 672,376 99.48% 0.52% 3,233 1,669 3,058 1,081 2,050 11,091 4,283 3,582 6,552 25,532 5,396 190 45,535 13,106 7,747 12,498 6,660 9,603 49,614 72,426 32,010 74,424 284,030 31,484 13,180 507,554 144,902 104,465 209,800 71,072 138,633 668,872 Previous Year Kotak Advantage Fund Current Year Previous Year Kotak Advantage Multiplier Fund II Current Year Previous Year Kotak Advantage Plus Fund II Current Year Previous Year

Particulars Frontline Equity Fund Current Year Approved Investments Government Bonds Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Other Investments Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Grand Total % of Approved Investments to Total % of Other Investments to Total 11,600 11,600 161,759 92.83% 7.17% 2,192 3,094 4,653 132,420 1,751 6,050 150,160 0.00% 0.00% 852 240 1,092 12,862 91.51% 8.49% 970 255 9,720 355 470 11,770 0.00% 0.00% 523,108 523,108 3,730,370 85.98% 14.02% 37,996 37,996 541,722 92.99% 7.01% 6,630 6,630 45,857 85.54% 14.46% 23,558 78,354 63,670 2,933,443 92,367 15,870 3,207,262 77,382 4,720 12,572 340,245 68,807 503,725 2,526 36,372 329 39,227 0.00% 0.00% Previous Year Pension Frontline Equity Fund Current Year Previous Year Kotak Opportunities Fund Current Year Previous Year Kotak Pension Opportunities Fund Current Year Previous Year
74

Particulars Classic Opportunities Fund Current Year Approved Investments Government Bonds Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Other Investments Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Grand Total % of Approved Investments to Total % of Other Investments to Total 74,065 74,065 522,366 85.82% 14.18% 24,680 11,581 405,202 6,428 410 448,301 0.00% 0.00% 5,410 5,410 38,554 85.97% 14.03% 1,875 4 29,501 1,274 490 33,144 0.00% 0.00% 97,974 97,974 3,978,895 97.54% 2.46% 6,802 6,802 1,459,228 99.53% 0.47% 4,899 4,899 202,164 97.58% 2.42% 292,659 393,821 687,382 1,955,108 547,922 4,029 3,880,921 371,797 281,771 407,258 156,928 234,672 1,452,426 48,153 9,605 14,060 99,186 24,741 1,520 197,265 0.00% 0.00% Previous Year Pension Classic Opportunities Fund Current Year Previous Year Dynamic Floor Fund Current Year Previous Year Kotak Group Dynamic Floor Fund Current Year Previous Year

Particulars Kotak Pension Floor Fund Current Year Approved Investments Government Bonds Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Other Investments Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Grand Total % of Approved Investments to Total % of Other Investments to Total 15,286 15,286 549,551 97.22% 2.78% 82,157 72,448 47,148 257,645 72,397 2,470 534,265 0.00% 0.00% 34,835 34,835 1,212,546 97.13% 2.87% 84,975 103,839 130,597 680,463 165,667 12,170 1,177,711 0.00% 0.00% 6,290 6,290 234,752 97.32% 2.68% 22,388 21,362 17,602 123,171 37,189 6,750 228,462 0.00% 0.00% 3,325 1,720 5,045 140,118 96.40% 3.60% 21,866 15,158 7,858 67,791 15,800 6,600 135,073 0.00% 0.00% Previous Year Dynamic Floor Fund II Current Year Previous Year Pension Floor Fund II Current Year Previous Year Guarantee Fund Current Year Previous Year
75

Particulars Pension Guarantee Fund Current Year Approved Investments Government Bonds Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Other Investments Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Grand Total % of Approved Investments to Total % of Other Investments to Total 6,884 6,884 251,880 97.27% 2.73% 9,644 34,026 13,518 135,615 41,793 10,400 244,996 0.00% 0.00% 1,725 3,190 4,915 73,980 93.36% 6.64% 16,185 4,079 33,739 12,012 3,050 69,065 0.00% 0.00% 1,628,785 62,540 1,691,325 96.81% 3.19% 558,093 558,093 98.09% 1.91% 4,367,128 7,126,925 9,204,371 6,751,852 335,177 3,761,626 3,898,445 5,636,156 4,844,584 300,000 Previous Year Peak Guarantee Fund I Current Year Previous Year Total Current Year Previous Year
23,555,849 10,174,709
51,341,302 28,615,520
53,032,627 29,173,613
76

for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Schedule: F 3 CURRENT ASSETS
Particulars Kotak Guaranteed Money Market Fund Current Previous Year Year Kotak Group Money Market Fund Current Previous Year Year 1 1 Money Market Fund Current Year 4,038 187 4,225 Previous Year Pension Money Market Fund II Current Previous Year Year 7,068 1 7,069
Accrued Interest Cash & Bank Balance Dividend Receivable Receivable for Sale of Investments Unit Collection A/c# Other Current Assets (for Investments) Total
Schedule: F 3 CURRENT ASSETS (Contd.)

Particulars Kotak Dynamic Gilt Fund Current Previous Year Year 4,246 1,749 842 2,450 86 7,624 13,040 47 14,836 Kotak guaranteed Gilt Fund Current Previous Year Year 10,306 3,794 4,789 2,450 172 17,717 37,231 80 41,105 Kotak Pension Gilt Fund Current Previous Year Year 4,554 2,102 3,449 2,450 60 10,513 4,230 24,917 7 31,256 Kotak Group Gilt Fund Current Previous Year Year 2,644 869 6 981 19 3,650 426 2,548 14 3,857

Particulars Gilt Fund Current Year 25 53 78 Previous Year Kotak Dynamic Bond Fund Current Previous Year Year 5,221 3,835 4,169 10,296 188 19,874 13,165 402 14,057 31,459 Kotak guaranteed Bond Fund Current Previous Year Year 8,064 6,079 683 15,587 204 24,538 1,467 21,023 28,569 Kotak Pension Bond Fund Current Previous Year Year 9,290 7,176 8,555 12,534 204 30,583 2,007 25,001 34,184

Particulars Kotak Group Bond Fund Current Previous Year Year 34,184 18,901 55,334 10,191 775 100,484 28,643 2,363 60,040 109,947 Bond Fund Current Year 2,182 14,714 42 16,938 Previous Year Pension Bond Fund II Current Previous Year Year 135 2,486 4 2,625 Kotak Dynamic Floating Rate Fund Current Previous Year Year 3,943 2,611 137 121 4,201 20,573 1,209 45 24,438
77

for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Schedule: F 3 CURRENT ASSETS (Contd.)
Particulars Kotak guaranteed Floating Rate Fund Current Previous Year Year 9,869 5,714 1,946 18,503 3,915 229 56 12,044 28,188 Kotak Pension Floating Rate Fund Current Previous Year Year 2,918 1,618 1,814 3,946 4,320 59 5 4,791 9,889 Kotak Group Floating Rate Fund Current Previous Year Year 4,245 2,323 22,332 19,704 1,505 114 31 26,691 23,563 Floating Rate Fund Current Year 2 908 1 911 Previous Year

Particulars Kotak Group 36M FMP 02/01/2011 Current Previous Year Year 1,214 1,213 1,214 1,213 Kotak Group 12M FMP 28/03/2009 Current Previous Year Year Kotak Group 36M FMP 12/09/2011 Current Previous Year Year 468 468 468 468 Kotak Group 11M FMP 06/10/2009 Current Previous Year Year 419 419

Particulars Kotak Group 60M FMP 27/11/2013 Current Year 2,692 2,692 Previous Year 2,692 2,692 Kotak Group 50M FMP 27/02/2013 Current Previous Year Year 58 57 58 622 679 Kotak Group 59M FMP 08/12/2013 Current Previous Year Year 883 883 883 883 Kotak Dynamic Balanced Fund Current Previous Year Year 2,899 2,473 483 2,445 587 6,414 3,902 3 290 1,116 7,784

Particulars Kotak guaranteed Balanced Fund Current Previous Year Year 35,925 20,310 19,256 28 4,107 59,316 10 2,077 20,738 43,135 Kotak Pension Balanced Fund Current Previous Year Year 109,103 47,930 39,205 90 97,902 11,536 257,836 112,882 25 9,591 22,698 193,126 Kotak Group Balanced Fund Current Previous Year Year 14,276 6,495 5,829 2,451 2,590 25,146 61,579 7 387 13,309 81,777 Balanced Fund Current Year 37 207 3 247 Previous Year
78

Particulars Pension Balanced Fund II Current Previous Year Year 19 1,221 5 1,245 Kotak Dynamic Growth Fund Current Previous Year Year 7,190 4,533 3,620 13,824 12 1,600 2,040 12,850 19,969 Kotak guaranteed Growth Fund Current Previous Year Year 348,465 182,088 148,248 592,410 435 142 249,718 113,817 60,108 127,605 806,974 1,016,062 Kotak Pension Growth Fund Current Previous Year Year 2,760 640 3,397 5,364 4 2,442 6,998 600 9,203 13,002

Particulars Kotak Group Growth Fund Current Previous Year Year 27 8 186 221 Kotak Aggressive Growth Fund Current Previous Year Year 3,540 3,766 32,715 8,923 45,178 36,682 48 9,319 251 50,066 Kotak Group Agressive Growth Fund Current Previous Year Year 7 6 4 17 Kotak Advantage Multiplier Fund Current Previous Year Year 1,110 1,382 6 5 34 1,155 1 3,634 24 5,041

Particulars Kotak Advantage Plus Fund Current Previous Year Year 10,056 21,951 3 47 519 10,625 11 32,313 333 54,608 Kotak Advantage Fund Current Year Previous Year 221 632 1 854 Kotak Advantage Multiplier Fund II Current Previous Year Year 671 928 8 3 21 703 1 4,473 14 5,416 Kotak Advantage Plus Fund II Current Previous Year Year 8,913 13,860 196 38 1,699 10,846 235 6 25,633 259 39,993

Particulars Frontline Equity Fund Current Previous Year Year 158 17,405 401 17,964 Pension Frontline Equity Fund Current Previous Year Year 44 9,248 49 9,341 Kotak Opportunities Fund Current Previous Year Year 4,395 1,548 100,028 4,900 9,062 118,385 51,870 17,860 71,278 Kotak Pension Opportunities Fund Current Previous Year Year 77 2 79
79

Particulars Classic Opportunities Fund Current Previous Year Year 1,100 167,107 1,585 169,792 Pension Classic Opportunities Fund Current Previous Year Year 65 32,502 165 32,732 Dynamic Floor Fund Current Year 42,666 112,270 244 12,251 7,424 174,855 Previous Year 24,600 99,112 11 44,068 157 167,948 Kotak Group Dynamic Floor Fund Current Previous Year Year 2,073 4,565 11 343 6,992

Particulars Kotak Pension Floor Fund Current Previous Year Year 6,422 248 29 984 7,683 Dynamic Floor Fund II Current Year 8,507 339,961 69 2,720 351,257 Previous Year Pension Floor Fund II Current Previous Year Year 1,623 121,178 11 618 123,430 Guarantee Fund Current Year 1,695 25,596 6 297 27,594 Previous Year

Particulars Pension Guarantee Fund Current Previous Year Year 2,119 99,807 12 622 102,560 Peak Guarantee Fund I Current Previous Year Year 699 94,459 2 294 95,454 Total Current Year 723,750 1,512,093 1,034 429,235 119,615 2,785,727 Previous Year 395,262 1,087,687 277 367,795 306,902 2,157,923
80

for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Schedule: F 4 CURRENT LIABILITIES
Particulars Kotak Guaranteed Money Market Fund Current Year Payable for Purchase of Investments Other Current Liabilities Unit Payable a/c Total Previous Year (1) (1) Kotak Group Money Market Fund Current Year Previous Year Money Market Fund Current Year (185) (185) Previous Year Pension Money Market Fund II Current Year Previous Year
Schedule: F 4 CURRENT LIABILITIES (Contd.)

Particulars Kotak Dynamic Gilt Fund Current Year Payable for Purchase of Investments Other Current Liabilities Unit Payable a/c Total (2,436) (2,436) Previous Year (13,041) (698) (13,739) Kotak guaranteed Gilt Fund Current Year (2,437) (1) (2,438) Previous Year (37,232) (4,844) (42,076) Kotak Pension Gilt Fund Current Year (2,436) (1) (2,437) Previous Year (24,918) (24,918) Kotak Group Gilt Fund Current Year (974) (113) (1,087) Previous Year (2,549) (2,549)

Particulars Gilt Fund Current Year Payable for Purchase of Investments Other Current Liabilities Unit Payable a/c Total Previous Year Kotak Dynamic Bond Fund Current Year (2) (2) Previous Year (401) (401) Kotak guaranteed Bond Fund Current Year (1) (1) Previous Year (1,467) (11,207) (12,674) Kotak Pension Bond Fund Current Year (5) (5) Previous Year (2,007) (23,165) (25,172)

Particulars Kotak Group Bond Fund Current Year Payable for Purchase of Investments Other Current Liabilities Unit Payable a/c Total (31) (31) Previous Year (2,363) (2,363) Bond Fund Current Year (8) (8) Previous Year Pension Bond Fund II Current Year (1) (1) Previous Year Kotak Dynamic Floating Rate Fund Current Year Previous Year (1,209) (1,209)
81

for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Schedule: F 4 CURRENT LIABILITIES (Contd.)
Particulars Kotak guaranteed Floating Rate Fund Current Year Payable for Purchase of Investments Other Current Liabilities Unit Payable a/c Total (1) (1) Previous Year (3,916) (3,916) Kotak Pension Floating Rate Fund Current Year (1) (1) Previous Year (4,319) (4,319) Kotak Group Floating Rate Fund Current Year (12) (12) Previous Year (1,504) (1,504) Floating Rate Fund Current Year Previous Year

Particulars Kotak Group 36M FMP 02/01/2011 Current Year Payable for Purchase of Investments Other Current Liabilities Unit Payable a/c Total (77) (77) Previous Year (47) (47) Kotak Group 12M FMP 28/03/2009 Current Year Previous Year Kotak Group 36M FMP 12/09/2011 Current Year (142) (142) Previous Year (21) (21) Kotak Group 11M FMP 06/10/2009 Current Year Previous Year (60) (60)

Particulars Kotak Group 60M FMP 27/11/2013 Current Year Payable for Purchase of Investments Other Current Liabilities Unit Payable a/c Total (658) (658) Previous Year (126) (126) Kotak Group 50M FMP 27/02/2013 Current Year (4) (4) Previous Year Kotak Group 59M FMP 08/12/2013 Current Year (196) (196) Previous Year (30) (30) Kotak Dynamic Balanced Fund Current Year (4,377) (1) (4,378) Previous Year (95) (95)

Particulars Kotak guaranteed Balanced Fund Current Year Payable for Purchase of Investments Other Current Liabilities Unit Payable a/c Total (35) (35) Previous Year (23,717) (6,423) (30,140) Kotak Pension Balanced Fund Current Year (133,262) (75) (133,337) Previous Year (112,885) (112,885) Kotak Group Balanced Fund Current Year (113,182) (11) (113,193) Previous Year (23,878) (23,878) Balanced Fund Current Year (49) (49) Previous Year
82

Particulars Pension Balanced Fund II Current Year Payable for Purchase of Investments Other Current Liabilities Unit Payable a/c Total (81) (2) (83) Previous Year Kotak Dynamic Growth Fund Current Year (6,404) (9) (6,413) Previous Year (120) (120) Kotak guaranteed Growth Fund Current Year (705,055) (349) (705,404) Previous Year (341,940) (341,940) Kotak Pension Growth Fund Current Year (6,608) (8) (6,616) Previous Year (20,146) (20,146)

Particulars Kotak Group Growth Fund Current Year Payable for Purchase of Investments Other Current Liabilities Unit Payable a/c Total Previous Year (176) (176) Kotak Aggressive Growth Fund Current Year (17,451) (78) (17,529) Previous Year (9,235) (9,235) Kotak Group Aggressive Growth Fund Current Year Previous Year Kotak Advantage Multiplier Fund Current Year (809) (164) (973) Previous Year (4,940) (3,733) (8,673)

Particulars Kotak Advantage Plus Fund Current Year Payable for Purchase of Investments Other Current Liabilities Unit Payable a/c Total (12,059) (1,610) (13,669) Previous Year (47,680) (17,010) (64,691) Kotak Advantage Fund Current Year Previous Year (1,102) (563) (1,665) Kotak Advantage Multiplier Fund II Current Year (451) (617) (1,068) Previous Year (5,595) (3) (5,598) Kotak Advantage Plus Fund II Current Year (7,832) (7,832) Previous Year (43,064) (43,064)

Particulars Frontline Equity Fund Current Year Payable for Purchase of Investments Other Current Liabilities Unit Payable a/c Total (12,378) (42) (12,420) Previous Year Pension Frontline Equity Fund Current Year (1,929) (22) (1,951) Previous Year Kotak Opportunities Fund Current Year (66,072) (240) (66,312) Previous Year (113,524) (113,524) Kotak Pension Opportunities Fund Current Year (469) (533) (1,002) Previous Year
83

Particulars Classic Opportunities Fund Current Year Payable for Purchase of Investments Other Current Liabilities Unit Payable a/c Total (31,366) (400) (31,766) Previous Year Pension Classic Opportunities Fund Current Year (2,694) (78) (2,772) Previous Year Dynamic Floor Fund Current Year (118,406) (202) (118,608) Previous Year (112,622) (112,622) Kotak Group Dynamic Floor Fund Current Year (18,335) (8) (18,343) Previous Year

Particulars Kotak Pension Floor Fund Current Year Payable for Purchase of Investments Other Current Liabilities Unit Payable a/c Total (9,729) (9,729) Previous Year Dynamic Floor Fund II Current Year (46,954) (611) (47,565) Previous Year Pension Floor Fund II Current Year (13,031) (218) (13,249) Previous Year Guarantee Fund Current Year (2,207) (46) (2,253) Previous Year

Particulars Pension Guarantee Fund Current Year Payable for Purchase of Investments Other Current Liabilities Unit Payable a/c Total (8,127) (179) (8,306) Previous Year Peak Guarantee Fund I Current Year (5,116) (170) (5,286) Previous Year Total Current Year (1,352,901) (6,962) Previous Year (955,642) (67,934)
(1,359,863) (1,023,576)
84

for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures - Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Break up of other expenses under ULIP Schedule: F 5 OTHER EXPENSES*
Particulars Kotak Guaranteed Money Market Fund Current Year Policy Administration charge Surrender charge Switching charge Mortality charge Rider Premium charge Partial withdrawal charge Miscellaneous charge Total 11 8 19 Previous Year 13 11 10 34 Kotak Group Money Market Fund Current Year Previous Year Money Market Fund Current Year 15 7 2 24 Previous Year Pension Money Market Fund II Current Year 101 17 118 Previous Year
Schedule: F 5 OTHER EXPENSES* (Contd.)

Particulars Kotak Dynamic Gilt Fund Current Year Policy Administration charge Surrender charge Switching charge Mortality charge Rider Premium charge Partial withdrawal charge Miscellaneous charge Total 220 104 1,468 311 96 2,199 Previous Year 102 844 2 717 87 67 1,819 Kotak guaranteed Gilt Fund Current Year 4,113 1,929 2 2,352 4 8,400 Previous Year 2,679 869 3 1,622 3 5,176 Kotak Pension Gilt Fund Current Year 7,137 190 49 4 7,380 Previous Year 2,358 29 2 2,389 Kotak Group Gilt Fund Current Year 669 669 Previous Year 301 29 330

Particulars Gilt Fund Current Year Policy Administration charge Surrender charge Switching charge Mortality charge Rider Premium charge Partial withdrawal charge Miscellaneous charge Total 2 1 3 Previous Year Kotak Dynamic Bond Fund Current Year 589 2 1 3,144 422 137 4,295 Previous Year 91 678 4 1,044 135 78 2,030 Kotak guaranteed Bond Fund Current Year 3,671 1,742 1 2,436 52 7,902 Previous Year 1,924 924 2 1,081 4 3,935 Kotak Pension Bond Fund Current Year 11,550 10 1 76 4 11,641 Previous Year 2,191 15 1 2,207
85

for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures - Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Break up of other expenses under ULIP Schedule: F 5 OTHER EXPENSES* (Contd.)
Particulars Kotak Group Bond Fund Current Year Policy Administration charge Surrender charge Switching charge Mortality charge Rider Premium charge Partial withdrawal charge Miscellaneous charge Total 6,683 13 6,696 Previous Year 944 9 953 Bond Fund Current Year 114 91 6 211 Previous Year Pension Bond Fund II Current Year 50 50 Previous Year Kotak Dynamic Floating Rate Fund Current Year 78 141 2 1,106 76 43 1,446 Previous Year 45 132 806 88 31 1,102

Particulars Kotak guaranteed Floating Rate Fund Current Year Policy Administration charge Surrender charge Switching charge Mortality charge Rider Premium charge Partial withdrawal charge Miscellaneous charge Total 1,972 3,001 1,050 8 6,031 Previous Year 2,436 4,072 5 1,133 7 7,653 Kotak Pension Floating Rate Fund Current Year 2,428 82 1 16 1 2,528 Previous Year 900 5 13 1 919 Kotak Group Floating Rate Fund Current Year 4,200 4,200 Previous Year 6 26 407 7 446 Floating Rate Fund Current Year 1 1 1 3 Previous Year

Particulars Kotak Group 36M FMP 02/01/2011 Current Year Policy Administration charge Surrender charge Switching charge Mortality charge Rider Premium charge Partial withdrawal charge Miscellaneous charge Total Previous Year Kotak Group 12M FMP 28/03/2009 Current Year Previous Year Kotak Group 36M FMP 12/09/2011 Current Year Previous Year Kotak Group 11M FMP 06/10/2009 Current Year Previous Year
86

for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures - Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Break up of other expenses under ULIP Schedule: F 5 OTHER EXPENSES* (Contd.)
Particulars Kotak Group 60M FMP 27/11/2013 Current Year Policy Administration charge Surrender charge Switching charge Mortality charge Rider Premium charge Partial withdrawal charge Miscellaneous charge Total Previous Year Kotak Group 50M FMP 27/02/2013 Current Year Previous Year Kotak Group 59M FMP 08/12/2013 Current Year Previous Year Kotak Dynamic Balanced Fund Current Year 457 181 1 1,637 468 494 3,238 Previous Year 413 399 1,456 333 418 3,019

Particulars Kotak guaranteed Balanced Fund Current Year Policy Administration charge Surrender charge Switching charge Mortality charge Rider Premium charge Partial withdrawal charge Miscellaneous charge Total 24,274 16,122 13,049 140 53,585 Previous Year 15,455 3,251 1 8,407 76 27,190 Kotak Pension Balanced Fund Current Year 105,586 34,915 1,968 84 142,553 Previous Year 122,972 4 1,352 63 124,391 Kotak Group Balanced Fund Current Year 1,275 21 1,296 Previous Year 203 636 65 904 Balanced Fund Current Year 10 21 4 35 Previous Year

Particulars Pension Balanced Fund II Current Year Policy Administration charge Surrender charge Switching charge Mortality charge Rider Premium charge Partial withdrawal charge Miscellaneous charge Total 18 18 Previous Year Kotak Dynamic Growth Fund Current Year 3,140 4,962 6,184 2,904 971 18,161 Previous Year 3,732 1,459 5,882 3,205 1,006 15,284 Kotak guaranteed Growth Fund Current Year 341,151 265,522 9 166,159 1,084 773,925 Previous Year 449,163 15,225 12 185,231 829 650,460 Kotak Pension Growth Fund Current Year 6,722 1 6,723 Previous Year 409 409
87

Particulars Kotak Group Growth Fund Current Year Policy Administration charge Surrender charge Switching charge Mortality charge Rider Premium charge Partial withdrawal charge Miscellaneous charge Total 5 5 Previous Year Kotak Aggressive Growth Fund Current Year 20,130 14,981 6 33,276 18,735 3,112 90,240 Previous Year 22,798 345 7 31,257 18,003 2,973 75,383 Kotak Group Aggressive Growth Fund Current Year Previous Year Kotak Advantage Multiplier Fund Current Year 180 209 389 Previous Year 85 283 368
Schedule: F 5 OTHER EXPENSES*

Particulars Kotak Advantage Plus Fund Current Year Policy Administration charge Surrender charge Switching charge Mortality charge Rider Premium charge Partial withdrawal charge Miscellaneous charge Total 8,183 1,020 9,203 Previous Year 5,199 2,947 8,146 Kotak Advantage Fund Current Year 157 54 211 Previous Year 71 71 Kotak Advantage Multiplier Fund II Current Year 231 97 328 Previous Year 201 201 Kotak Advantage Plus Fund II Current Year 5,756 883 6,639 Previous Year 1,693 1,693

Particulars Frontline Equity Fund Current Year Policy Administration charge Surrender charge Switching charge Mortality charge Rider Premium charge Partial withdrawal charge Miscellaneous charge Total 232 12 248 77 569 Previous Year Pension Frontline Equity Fund Current Year 137 137 Previous Year Kotak Opportunities Fund Current Year 68,279 2 4 61,319 2,384 131,988 Previous Year 2,702 2,382 349 2 5,435 Kotak Pension Opportunities Fund Current Year 677 677 Previous Year
88

Particulars Classic Opportunities Fund Current Year Policy Administration charge Surrender charge Switching charge Mortality charge Rider Premium charge Partial withdrawal charge Miscellaneous charge Total 1,808 15 1,588 783 1 4,195 Previous Year Pension Classic Opportunities Fund Current Year 470 470 Previous Year Dynamic Floor Fund Current Year 36,418 24,885 2 52,352 19,034 117 132,808 Previous Year 9,875 1 12,434 8,354 20 30,684 Kotak Group Dynamic Floor Fund Current Year 815 15 830 Previous Year

Particulars Kotak Pension Floor Fund Current Year Policy Administration charge Surrender charge Switching charge Mortality charge Rider Premium charge Partial withdrawal charge Miscellaneous charge Total 7,673 7,673 Previous Year Dynamic Floor Fund II Current Year 3,333 22 2 2,978 882 9 7,226 Previous Year Pension Floor Fund II Current Year 2,638 2,638 Previous Year Guarantee Fund Current Year 350 181 53 584 Previous Year

Particulars Pension Guarantee Fund Current Year Policy Administration charge Surrender charge Switching charge Mortality charge Rider Premium charge Partial withdrawal charge Miscellaneous charge Total 1,441 357 1,798 Previous Year Peak Guarantee Fund I Current Year 362 276 638 Previous Year Total Current Year 657,364 383,328 30 368,950 46,086 6,840 1,462,599 Previous Year 640,468 33,519 43 262,352 30,554 5,691 972,627
*Any expense which is 1% of the total expenses incurred should be disclosed as a separate line item. # Represents inter fund receivables or payables, if any
89

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures Fund Performance of Unit Linked funds as on 31-03-2010 (Absolute Growth%) Sr. Fund Names No.
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 Kotak Guaranteed Money Market Fund Kotak Group Money Market Fund Kotak Dynamic Gilt Fund Kotak Guaranteed Gilt Fund Kotak Pension Gilt Fund Kotak Group Gilt Fund Kotak Dynamic Balanced Fund Kotak Guaranteed Balanced Fund Kotak Pension Balanced Fund Kotak Group Balanced Fund Kotak Dynamic Growth Fund Kotak Guaranteed Growth Fund Kotak Dynamic Bond Fund Kotak Guaranteed Bond Fund Kotak Pension Bond Fund Kotak Group Bond Fund Kotak Dynamic Floating Rate Fund Kotak Guaranteed Floating Rate Fund Kotak Pension Floating Rate Fund Kotak Group Floating Rate Fund Kotak Aggressive Growth Fund Kotak Advantage Multiplier Fund Kotak Advantage Plus Fund Kotak Advantage Fund Kotak Advantage Multiplier Fund II Kotak Advantage Plus Fund II Dynamic Floor Fund Kotak Group 36M FMP 02/01/2011 Kotak Group 12M FMP 28/03/2009 Kotak Group Growth Fund Kotak Group Agressive Growth Fund Kotak Group 36M FMP 12/09/2011 Kotak Group 11M FMP 06/10/2009 Kotak Group 60M FMP 27/11/2013 Kotak Group 50M FMP 27/02/2013 Kotak Group 59M FMP 08/12/2013 Kotak Pension Growth Fund Kotak Opportunities Fund Money Market Fund Pension Money Market Fund II
Year of Inception
2003-04 2003-04 2003-04 2003-04 2003-04 2003-04 2003-04 2003-04 2003-04 2003-04 2003-04 2003-04 2004-05 2004-05 2004-05 2004-05 2004-05 2004-05 2004-05 2004-05 2004-05 2005-06 2005-06 2005-06 2006-07 2006-07 2006-07 2007-08 2007-08 2007-08 2007-08 2008-09 2008-09 2008-09 2008-09 2008-09 2008-09 2008-09 2009-10 2009-10
*Returns 2010 9.12% 8.81% 6.06% 5.77% 5.83% 6.50% 36.85% 23.11% 22.64% 34.88% 44.21% 26.22% 9.35% 9.68% 9.58% 11.59% 4.82% 4.90% 4.67% 5.33% 74.61% 19.10% 17.83% NA 19.07% 17.37% 22.34% 8.32% NA NA NA 8.84% NA 10.61% 9.61% 9.88% 26.48% 92.99% NA NA 2009 12.98% 12.71% 12.16% 11.68% 12.42% 12.94% -19.14% -13.06% -12.57% -18.75% -27.25% -20.41% 14.68% 13.83% 15.12% 14.52% 8.92% 9.07% 9.07% 9.39% -33.89% -2.33% -0.69% 0.67% -2.52% -0.69% 9.97% 11.54% NA -30.31% 10.67% NA NA NA NA NA NA NA NA NA 2008 10.51% 10.40% 8.46% 8.49% 10.34% 8.69% 20.15% 17.52% 18.12% 21.03% 22.00% 19.54% 11.40% 10.99% 11.13% 11.63% 7.58% 7.41% 7.89% 8.11% 25.43% 5.33% 5.00% 10.20% 5.84% 5.68% 19.16% NA NA NA NA NA NA NA NA NA NA NA NA NA 2007 9.11% 8.95% 3.67% 4.09% 3.90% 4.66% 10.81% 9.12% 10.37% 11.32% 11.61% 9.93% 5.36% 5.86% 5.47% 5.13% 7.05% 7.20% 7.10% 7.58% 13.49% 0.76% 1.24% 1.88% NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA 2006 6.28% 6.10% 4.72% 4.69% 4.72% 4.71% 38.17% 35.45% 35.28% 37.04% 46.93% 45.39% 4.41% 4.42% 4.36% 4.46% 4.98% 5.03% 5.08% 5.14% 71.27% NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA 2005 6.32% 6.32% 4.16% 4.16% 4.16% 4.16% 9.76% 9.76% 9.76% 9.76% 12.02% 12.02% NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA Inception 72.84% 190.28% 50.77% 50.35% 53.78% 43.93% 191.98% 166.69% 171.27% 0.00% 233.63% 205.12% 60.52% 59.98% 61.17% 54.24% 41.01% 41.35% 41.61% 71.22% 228.70% 29.51% 29.23% 29.74% 29.47% 29.49% 60.41% 97.21% 22.20% 63.63% 22.82% 9.58% 21.13% 10.13% 23.67% 14.58% 91.69% 15.18% 0.00% 0.67%
90

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Fund Performance of Unit Linked funds as on 31-03-2010 (Absolute Growth%) Sr. Fund Names No.
41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 Gilt Fund Bond Fund Pension Bond Fund II Floating Rate Fund Balanced Fund Pension Balanced Fund II Frontline Equity Fund Pension Frontline Equity Fund Kotak Pension Opportunities Fund Classic Opportunities Fund Pension Classic Opportunities Fund Kotak Group Dynamic Floor Fund Kotak Pension Floor Fund Dynamic Floor Fund II Pension Floor Fund II Guarantee Fund Pension Guarantee Fund Peak Guarantee Fund I
Year of Inception
2009-10 2009-10 2009-10 2009-10 2009-10 2009-10 2009-10 2009-10 2009-10 2009-10 2009-10 2009-10 2009-10 2009-10 2009-10 2009-10 2009-10 2009-10
*Returns 2010 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA 2009 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA 2008 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA 2007 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA 2006 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA 2005 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA Inception 0.93% 0.55% 1.29% 1.01% 0.54% 4.01% 1.77% 1.07% 7.38% 9.83% 4.12% 6.80% 61.15% 5.63% 1.37% 0.12% 5.25% 0.74%
Note: NA represents non existence of the fund in the respective year. Kotak Advantage Fund, Kotak Group Growth Fund, Kotak Group Agressive Growth Fund, Kotak Group 11M FMP 06/10/2009 the funds have ceased to exist in year 2009-10 and in case of Kotak Group 12M FMP 28/03/2009, the fund has ceased to exist in 2008-09. *All are absolute returns DISCLOSURES FOR ULIP BUSINESS (A) Investment Management Activities outsourced o Investment Advisory Services with Kotak Mahindra Asset Management Company Limited till December 2009 o Custody of Equity & Debt securities with Deutsche Bank Fees paid for various activities Investment Advisory fees to Kotak Mahindra Asset Management Company Limited Rs. 39,000 (2009-Rs. 37,800) debited to Shareholder fund Custody fees Rs. 7,131 (2009-Rs. 9,672) o Basis of payment of fees Investment Advisory fees Rs. 4,000 p.m. for the period Apr. to Sep. 2009 and Rs. 5,000 p.m. for the period Oct. to Dec. 2010 i.e. Rs. 39,000 p.a. (Investment Advisory fees Rs. 3,400 p.m. for the period Apr. to Sep. 2008 and Rs. 2,900 p.m. for the period Oct. to Mar. 2009 i.e. Rs. 37,800 p.a.) 2010 Custody fees For the current year and the previous year the custodian fees are paid on the basis of a fixed percentage of the value of the debt and equity investments. (B) There are no Unclaimed redemption of Units During the year (C) None of the Assets of the fund has been considered as doubtful and hence no provision for Doubtful debt has been made during the year.
91

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Statement Showing Receipts and Payments made to Related Parties
Sr. Related Parties No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 Kotak Guaranteed Money Market Fund Kotak Group Money Market Fund Money Market Fund Pension Money Market Fund II Kotak Dynamic Gilt Fund Kotak Guaranteed Gilt Fund Kotak Pension Gilt Fund Kotak Group Gilt Fund Gilt Fund Kotak Dynamic Bond Fund Kotak Guaranteed Bond Fund Kotak Pension Bond Fund Kotak Group Bond Fund Bond Fund Pension Bond Fund II Kotak Dynamic Floating Rate Fund Kotak Guaranteed Floating Rate Fund Kotak Pension Floating Rate Fund Kotak Group Floating Rate Fund Floating Rate Fund Kotak Group 36M FMP 02/01/2011 Kotak Group 12M FMP 28/03/2009 Kotak Group 36M FMP 12/09/2011 Kotak Group 11M FMP 06/10/2009 Kotak Group 60M FMP 27/11/2013 Kotak Group 50M FMP 27/02/2013 Kotak Group 59M FMP 08/12/2013 Kotak Dynamic Balanced Fund Kotak Guaranteed Balanced Fund Kotak Pension Balanced Fund Kotak Group Balanced Fund Balanced Fund Pension Balanced Fund II Kotak Securities Brokerage Paid* 102 363 1,015 424 1 1 Kotak Mahindra Prime Ltd. Interest Income earned 349 398 383 1,598 66 1,656 4,105 279 Kotak Mahindra Bank Ltd. FD Interest Income earned 1,683 831
92

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Statement Showing Receipts and Payments made to Related Parties
Sr. Related Parties No. 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 Kotak Dynamic Growth Fund Kotak Guaranteed Growth Fund Kotak Pension Growth Fund Kotak Group Growth Fund Kotak Aggressive Growth Fund Kotak Group Agressive Growth Fund Kotak Advantage Multiplier Fund Kotak Advantage Plus Fund Kotak Advantage Fund Kotak Advantage Multiplier Fund II Kotak Advantage Plus Fund II Frontline Equity Fund Pension Frontline Equity Fund Kotak Opportunities Fund Kotak Pension Opportunities Fund Classic Opportunities Fund Pension Classic Opportunities Fund Dynamic Floor Fund Kotak Group Dynamic Floor Fund Kotak Pension Floor Fund Dynamic Floor Fund II Pension Floor Fund II Guarantee Fund Pension Guarantee Fund Peak Guarantee Fund I Kotak Securities Brokerage Paid* 424 5,403 47 2 2,384 1 74 860 4 59 759 88 9 3,816 27 261 26 4,570 22 167 251 50 44 44 17 Kotak Mahindra Prime Ltd. Interest Income earned 115 19,687 108 25 4 14 284 8 970 2 84 Kotak Mahindra Bank Ltd. FD Interest Income earned 1 413 104 198 8 85 67
Grand Total * Brokerage paid is inclusive of Service tax
21,314
30,135
3,391
93

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Statement Showing Company wise Details of Investments held in Promoter Group Sr. Fund name No. Kotak Mahindra Bank Ltd. FD Amount 1 Kotak Guaranteed Money Market Fund 2 Kotak Group Money Market Fund 3 Money Market Fund 4 Pension Money Market Fund II 5 Kotak Dynamic Gilt Fund 6 Kotak Guaranteed Gilt Fund 7 Kotak Pension Gilt Fund 8 Kotak Group Gilt Fund 9 Gilt Fund 10 Kotak Dynamic Bond Fund 11 Kotak Guaranteed Bond Fund 12 Kotak Pension Bond Fund 13 Kotak Group Bond Fund 14 Bond Fund 15 Pension Bond Fund II 16 Kotak Dynamic Floating Rate Fund 17 Kotak Guaranteed Floating Rate Fund 18 Kotak Pension Floating Rate Fund 19 Kotak Group Floating Rate Fund 20 Floating Rate Fund 21 Kotak Group 36M FMP 02/01/2011 22 Kotak Group 12M FMP 28/03/2009 23 Kotak Group 36M FMP 12/09/2011 24 Kotak Group 11M FMP 06/10/2009 25 Kotak Group 60M FMP 27/11/2013 26 Kotak Group 50M FMP 27/02/2013 27 Kotak Group 59M FMP 08/12/2013 28 Kotak Dynamic Balanced Fund 29 Kotak Guaranteed Balanced Fund 30 Kotak Pension Balanced Fund 31 Kotak Group Balanced Fund 17,711 8,752 Percentage 0.99% 0.15% Kotak Mahindra Prime Ltd. NCD Amount 7,025 5,018 8,028 30,105 30,084 Percentage 2.96% 1.54% 2.17% 2.18% 0.50% Kotak Mahindra Mutual Fund MFU Amount 619 2,212 600 442 2,608 2,733 4,145 7,982 573 1,651 344 357 265 4,892 7,854 36,335 Percentage 0.42% 0.61% 0.29% 0.52% 1.10% 0.84% 1.12% 0.58% 0.54% 0.61% 0.36% 0.25% 0.11% 0.27% 0.13% 2.93%
94

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Statement Showing Company wise Details of Investments held in Promoter Group Sr. Fund name No. Kotak Mahindra Bank Ltd. FD Amount 32 Balanced Fund 33 Pension Balanced Fund II 34 Kotak Dynamic Growth Fund 35 Kotak Guaranteed Growth Fund 36 Kotak Pension Growth Fund 37 Kotak Group Growth Fund 38 Kotak Aggressive Growth Fund 39 Kotak Group Agressive Growth Fund 40 Kotak Advantage Multiplier Fund 41 Kotak Advantage Plus Fund 42 Kotak Advantage Fund 43 Kotak Advantage Multiplier Fund II 44 Kotak Advantage Plus Fund II 45 Frontline Equity Fund 46 Pension Frontline Equity Fund 47 Kotak Opportunities Fund 48 Kotak Pension Opportunities Fund 49 Classic Opportunities Fund 50 Pension Classic Opportunities Fund 51 Dynamic Floor Fund 52 Kotak Group Dynamic Floor Fund 53 Kotak Pension Floor Fund 54 Dynamic Floor Fund II 55 Pension Floor Fund II 56 Guarantee Fund 57 Pension Guarantee Fund 58 Peak Guarantee Fund I Grand Total* * 98 4,350 1,097 2,081 897 708 35,695 Percentage 0.00% 0.12% 1.60% 0.31% 1.94% 0.14% 0.07% Kotak Mahindra Prime Ltd. NCD Amount 338,144 24,525 8,111 451,039 Percentage 1.46% 0.61% 0.53% 0.24% Kotak Mahindra Mutual Fund MFU Amount 13,107 800 7,992 311 5,292 62 4,319 1,982 233 5,200 108 134 161 1,320 498 809 3,988 2,212 2,726 3,408 2,045 130,320 Percentage 0.06% 0.32% 0.22% 0.46% 0.79% 0.13% 0.82% 1.18% 1.15% 0.14% 0.24% 0.02% 0.23% 0.03% 0.26% 0.15% 0.26% 0.64% 1.65% 0.98% 1.25% 0.83%
This amount represents total exposure to promoter group as a percentage of total fund size
95

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Guaranteed Money Market Fund 2,272 2,272 2,272 Kotak Group Money Market Fund 59 59 59 Money Market Fund 1,877 1,877 % of Total Funds Industry Pension Money Market Fund II 6,002 6,002 % of Total Funds
Government of India 364 Days T Bill - 08.10.2010 Total Others Net Assets Grand Total Industry 0.01% 100.00% % of Total Funds 99.99% 99.99%
Government of India 364 Days T Bill - 08.10.2010 Total Others Net Assets Grand Total Industry Government of India 364 Days T Bill - 08.10.2010 Total Monetary intermediation of commercial banks, saving banks and discount houses Bank of Baroda CD - 15.02.2011 Bank of India CD - 11.03.2011 Canara Bank CD - 08.03.2011 Central Bank of India CD - 04.10.2010 Corporation Bank CD - 21.02.2011 Oriental Bank of Commerce CD 26.10.2010 PNB CD - 15.07.2010 State Bank of Bikaner & Jaipur CD 04.01.2011 State Bank of Hyderabad CD 04.01.2011 State Bank of Patiala CD - 15.11.2010 Total Others Net Assets Grand Total 4,040 8,095 49.91% 100.00% 310 186 185 270 185 184 185 185 185 301 2,179 3.83% 2.29% 2.29% 3.34% 2.29% 2.28% 2.29% 2.29% 2.29% 3.72% 26.91% 23.18% 23.18% 0.73% 100.00% % of Total Funds 99.27% 99.27%
Government of India 364 Days T Bill - 08.10.2010 Total Monetary intermediation of commercial banks, saving banks and discount houses Bank of Baroda CD - 15.02.2011 Bank of India CD - 11.03.2011 Canara Bank CD - 08.03.2011 Canara Bank CD-10.05.2010 Central Bank of India CD - 04.10.2010 Corporation Bank CD - 21.02.2011 Oriental Bank of Commerce CD 20.08.2010 PNB CD - 15.07.2010 State Bank of Bikaner & Jaipur CD 04.01.2011 State Bank of Hyderabad CD 04.01.2011 State Bank of Patiala CD - 15.11.2010 Union Bank of India CD - 07.10.2010 Total Others Net Assets Grand Total Industry
29.84% 29.84%
451 802 601 302 710 604 504 51 810 810 908 486 7,040 7,069 20,110 Kotak Dynamic Gilt Fund 5,753 11,738 2,019 22,348 20,257 856 2,964 962 4,947 4,278 892 1,489 1,752 80,252
2.24% 3.99% 2.99% 1.50% 3.53% 3.00% 2.51% 0.25% 4.03% 4.03% 4.51% 2.42% 35.01% 35.15% 100.00% % of Total Funds
Government of India 10.25% GOI - 30.05.21 6.49% GOI - 08.06.2015 7% Oil Bond - 09.09.12 7.27% GOI - 03.09.13 7.40% GOI 2012 - 03.05.12 7.40% GOI 2035 - 09.09.35 7.47% OMC GOI Special Bond 07.03.12 7.59% GOI 2016 8.15% GOI FCI Bonds - 16.10.22 8.20% GOI - 15.02.22 8.20% OMC GOI -15.09.24 8.20% OMC GOI 2023-10.11.23 8.35% GOI - 14.05.22 Total
3.94% 8.04% 1.38% 15.31% 13.88% 0.59% 2.03% 0.66% 3.39% 2.93% 0.61% 1.02% 1.20% 54.98%
96

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Dynamic Gilt Fund % of Total Funds Industry Kotak Guaranteed Gilt Fund % of Total Funds
Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. 7.18% FCI 2010 Total Others Monetary intermediation of commercial banks, saving banks and discount houses Activities of Mutual Funds including Unit Trust of India State Government Bonds/Development Loans Net Assets Grand Total 40,871 40,871 28.00% 28.00%
Others Monetary intermediation of commercial banks, saving banks and discount houses Activities of Mutual Funds including Unit Trust of India State Government Bonds/Development Loans 9,033 1,890 8,742 5,188 145,976 6.19% 1.29% 5.99% 3.55% 100.00% Government of India 10.25% GOI - 30.05.21 5,177 10,746 1,094 41,016 25,088 822 21,488 2,404 4,947 3,373 7,431 3,716 1,980 129,280 2.47% 5.14% 0.52% 19.60% 11.99% 0.39% 10.27% 1.15% 2.36% 1.61% 3.55% 1.78% 0.95% 61.79% Industry Kotak Pension Gilt Fund % of Total Funds Net Assets Grand Total
20,162 6,750 12,998 15,280 361,863
5.57% 1.87% 3.59% 4.22% 100.00%
Industry
Kotak Guaranteed Gilt Fund 8,629 18,718 2,909 67,384 46,080 1,574 19,219 9,618 4,947 6,301 6,948 4,117 196,442
% of Total Funds
6.49% GOI - 08.06.2015 7% Oil Bond - 09.09.12 7.27% GOI - 03.09.13
Government of India 10.25% GOI - 30.05.21 6.49% GOI - 08.06.2015 7% Oil Bond - 09.09.12 7.27% GOI - 03.09.13 7.40% GOI 2012 - 03.05.12 7.40% GOI 2035 - 09.09.35 7.47% OMC GOI Special Bond 07.03.12 7.59% GOI 2016 8.15% GOI FCI Bonds - 16.10.22 8.20% GOI - 15.02.22 8.20% OMC GOI 2023-10.11.23 8.35% GOI - 14.05.22 Total Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. 7.18% FCI 2010 Total 110,231 110,231 30.46% 30.46% 2.38% 5.17% 0.80% 18.62% 12.73% 0.43% 5.31% 2.66% 1.37% 1.74% 1.92% 1.14% 54.29%
7.40% GOI 2012 - 03.05.12 7.40% GOI 2035 - 09.09.35 7.47% OMC GOI Special Bond 07.03.12 7.59% GOI 2016 8.15% GOI FCI Bonds - 16.10.22 8.20% GOI - 15.02.22 8.20% OMC GOI -15.09.24 8.20% OMC GOI 2023-10.11.23 8.35% GOI - 14.05.22 Total Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. 7.18% FCI 2010 Total
39,165 39,165
18.72% 18.72%
97

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Pension Gilt Fund % of Total Funds Industry Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. 0.00% 1.20% 1.20% 3.14% 1.21% 1.16% 2.40% 10.31% 7.18% FCI 2010 Total Others Monetary intermediation of commercial banks, saving banks and discount houses Activities of Mutual Funds including Unit Trust of India State Government Bonds/Development Loans Net Assets Grand Total 1,830 9,297 8,076 209,226 Kotak Group Gilt Fund 1,726 4,903 1,551 6,847 9,557 572 1,528 8,735 1,924 4,947 1,864 663 44,816 0.87% 4.44% 3.86% 100.00% Government of India Industry Government of India 10.25% GOI - 30.05.21 6.49% GOI - 08.06.2015 7% Oil Bond - 09.09.12 7.27% GOI - 03.09.13 7.40% GOI 2012 - 03.05.12 7.40% GOI 2035 - 09.09.35 7.47% OMC GOI Special Bond 07.03.12 7.56% GOI 2014 - 03.11.14 7.59% GOI 2016 8.15% GOI FCI Bonds - 16.10.22 8.20% GOI - 15.02.22 8.35% GOI - 14.05.22 Total 2.01% 5.72% 1.81% 7.98% 11.15% 0.67% 1.78% 10.19% 2.24% 5.77% 2.17% 0.77% 52.27% % of Total Funds 6.35% GOI 2020 - 02.01.20 7.27% GOI - 03.09.13 7.59% GOI 2016 Total Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. 7.18% FCI 2010 Total Others Monetary intermediation of commercial banks, saving banks and discount houses Net Assets Grand Total 31 3.93% 333 333 42.77% 42.77% 45 201 91 337 5.78% 25.80% 11.75% 43.32% Industry Gilt Fund % of Total Funds 22,058 22,058 25.72% 25.72% Kotak Group Gilt Fund % of Total Funds
Monetary intermediation of commercial banks, saving banks and discount houses 10.50% SBI 12042007 Bank of India CD - 11.03.2011 Bank of India CD - 18.03.2011 Oriental Bank of Commerce CD 22.10.2010 State Bank of Hyderabad CD 04.01.2011 State Bank of Mysore CD - 07.10.2010 State Bank of Travancore CD 09.03.2011 Total Others Activities of Mutual Funds including Unit Trust of India State Government Bonds/Development Loans Net Assets Grand Total 10 2,506 2,504 6,574 2,532 2,436 5,015 21,578
6,823 1,350 8,136 2,562 85,744
7.96% 1.57% 9.49% 2.99% 100.00%
78 778
9.98% 100.00%
98

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Dynamic Bond Fund % of Total Funds Industry Kotak Dynamic Bond Fund 1,070 4,702 5,075 1,632 4,876 2,592 608 1,144 2,614 62 2,616 10,411 7,654 6,166 3,493 94,238 % of Total Funds 0.45% 1.98% 2.14% 0.69% 2.06% 1.09% 0.26% 0.48% 1.10% 0.03% 1.10% 4.39% 3.23% 2.60% 1.47% 39.77%
Monetary intermediation of commercial banks, saving banks and discount houses 8.80% PNB - 18.04.2012 9.85% HDFC Bank 2019 - 17.03.2024 Bank of Baroda CD - 15.02.2011 Central Bank of India CD - 04.10.2010 PNB CD - 12.08.2010 State Bank of Bikaner & Jaipur CD 04.01.2011 State Bank of Hyderabad CD 04.01.2011 State Bank of Patiala CD - 15.11.2010 State Bank of Travancore CD 09.03.2011 Total Activities of hire - purchase financing 10.00% IDFC -16.12.13 10.25% HDFC 2012 - 29.05.12 10.35% HDFC 2017 - 16.05.17 10.90% REC - 30.09.13 11.25% HDFC - 04.09.18 11.50% REC - 26.11.13 11.75% REC - 03.11.11 12.40% Sundaram Fin - 02.08.10 6.05% REC - 23.01.2014 6.35% EXIM - 24.04.2010 7.20% REC - 17.09.2010 7.40% KMPL - 24.08.2010 7.45% IRFC - 27.04.2014 7.60% HDFC - 08.12.17 7.64% LIC Housing Finance26.02.2012 7.80% Sundaram Finance 2011 28.07.2011 8.5% LIC Housing Finance 9 June 11 8.50% EXIM 2011 - 12.09.2011 1,057 841 134 2,946 72 8,495 39 130 787 2,501 2,507 7,025 727 2,362 3,533 4,529 1,377 463 0.45% 0.35% 0.06% 1.24% 0.03% 3.58% 0.02% 0.05% 0.33% 1.06% 1.06% 2.96% 0.31% 1.00% 1.49% 1.91% 0.58% 0.20% 1,032 2,722 4,012 4,856 5,007 5,779 5,065 5,592 5,015 39,079 0.44% 1.15% 1.69% 2.05% 2.11% 2.44% 2.14% 2.36% 2.12% 16.49%
8.50% Exim Bank Bonds 2011 8.95% IRFC Ltd - 10.03.2025 8.95% PFC- 30.03.2015 9.00% Bajaj Auto Finance 02.11.2012 9.15% NABARD - 17.12.2010 9.25% PFC - 20.02.2012 9.32% HDFC - 17.12.12 9.40% NHB - 17.12.2013 9.50% Exim - 12.12.13 9.50% HDFC - 27.02.13 9.50% HDFC - 28.02.2013 9.50% LIC Housing Finance 18.02.2012 9.50% Nabard - 15.10.12 9.68% IRFC - 03.07.10 HDFC Ltd ZCB - 09.03.2012 Total Others Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi-trailers
10,187
4.30%
8,954
3.78%
4,431
1.87%
99

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Dynamic Bond Fund % of Total Funds Industry Kotak Guaranteed Bond Fund % of Total Funds
Generation and transmission of electricity: atomic reactor power plants Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Provision of basic telecom services: telephone, telex and telegraph (includes the activities of STD/ISD booths) Activities of housing finance companies. (Granting of credit for house purchase by specialised institutions that do not also take deposits is included here) Activities of Mutual Funds including Unit Trust of India Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) Production, supply and documentation of ready-made (non-customized) software Government of India State Government Bonds/Development Loans Net Assets Grand Total
6,679
2.82%
Monetary intermediation of commercial banks, saving banks and discount houses 8.80% PNB - 18.04.2012 9.15% SBP Perpetual Bond 1,032 7,644 3,955 9,529 4,856 5,057 7,511 3,044 2,531 5,073 7,522 57,752 0.32% 2.34% 1.21% 2.92% 1.49% 1.55% 2.30% 0.93% 0.78% 1.55% 2.30% 17.67%
10,880
4.59%
9.85% HDFC Bank 2019 - 17.03.2024 Bank of Baroda CD - 15.02.2011 Central Bank of India CD - 04.10.2010 Oriental Bank of Commerce CD 22.10.2010 PNB CD - 12.08.2010 State Bank of Bikaner & Jaipur CD 04.01.2011 State Bank of Hyderabad CD 04.01.2011 State Bank of Patiala CD - 15.11.2010 State Bank of Travancore CD 09.03.2011 Total Activities of hire - purchase financing 10.00% IDFC -16.12.13 10.25% HDFC 2012 - 29.05.12 10.90% REC - 30.09.13 11.50% REC - 26.11.13
5,172
2.18%
2,517
1.06%
4,342
1.83%
1,902 162 5,543 14,170 88 1,180 2,501 2,507 1,002 5,018 969 2,362 6,057 9,058 211 2,610
0.58% 0.05% 1.70% 4.34% 0.03% 0.36% 0.77% 0.77% 0.31% 1.54% 0.30% 0.72% 1.85% 2.77% 0.06% 0.80%
3,130 7,960
1.32% 3.36%
11.75% REC - 03.11.11 6.05% REC - 23.01.2014 6.35% EXIM - 24.04.2010 7.20% REC - 17.09.2010 7.24% LIC Housing Finance 23.06.2011 7.40% KMPL - 24.08.2010 7.45% IRFC - 27.04.2014
511
0.22%
2,670 8,374 7,993 19,872 236,990
1.13% 3.53% 3.37% 8.39% 100.00%
7.60% HDFC - 08.12.17 7.64% LIC Housing Finance26.02.2012 7.80% Sundaram Finance 2011 28.07.2011 8.28 IDFC 2011 8.35% REC - 04.09.2014
100

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Guaranteed Bond Fund 3,124 764 856 7,067 5,075 4,876 3,111 339 1,156 5,228 97 2,616 10,411 14,350 8,069 11,270 133,749 % of Total Funds 0.96% 0.23% 0.26% 2.16% 1.55% 1.49% 0.95% 0.10% 0.35% 1.60% 0.03% 0.80% 3.19% 4.39% 2.47% 3.45% 40.93% Industry Kotak Guaranteed Bond Fund % of Total Funds
8.5% LIC Housing Finance 9 June 11 8.50% EXIM 2011 - 12.09.2011 8.50% Exim Bank Bonds 2011 8.95% IRFC Ltd- 10.03.2025 8.95% PFC- 30.03.2015 9.15% NABARD - 17.12.2010 9.25% PFC - 20.02.2012 9.32% HDFC - 17.12.12 9.40% NHB - 17.12.2013 9.50% Exim - 12.12.13 9.50% HDFC - 27.02.13 9.50% HDFC - 28.02.2013 9.50% LIC Housing Finance 18.02.2012 9.50% Nabard - 15.10.12 9.68% IRFC - 03.07.10 HDFC Ltd ZCB - 09.03.2012 Total Others Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers
Generation and transmission of electricity: atomic reactor power plants Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles Provision of basic telecom services: telephone, telex and telegraph (includes the activities of STD/ISD booths) Activities of housing finance companies. (Granting of credit for house purchase by specialised institutions that do not also take deposits is included here)
7,224
2.21%
6,798
2.08%
2,586
0.79%
2,517
0.77%
326
0.10%
4,695 8,340
1.44% 2.55%
19,024
5.82%
Activities of Mutual Funds including Unit Trust of India Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66) Production, supply and documentation of ready-made (non-customized) software Government of India State Government Bonds/Development Loans Net Assets
21,147
6.47%
800
0.24%
2,670 21,322 6,997 24,537 326,821
0.82% 6.52% 2.14% 7.51% 100.00%
6,336
1.94%
Grand Total
101

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Pension Bond Fund % of Total Funds Industry Kotak Pension Bond Fund 1,070 8,716 7,613 7,649 7,314 3,629 37 871 5,228 11 2,616 20,822 6,649 20 1,322 6,523 140,331 % of Total Funds 0.29% 2.36% 2.06% 2.07% 1.98% 0.98% 0.01% 0.24% 1.41% 0.00% 0.71% 5.63% 1.80% 0.01% 0.36% 1.76% 37.95%
Monetary intermediation of commercial banks, saving banks and discount houses 8.80% PNB - 18.04.2012 9.15% SBP Perpetual Bond 9.85% HDFC Bank 2019 - 17.03.2024 Central Bank of India CD - 04.10.2010 Oriental Bank of Commerce CD 22.10.2010 PNB CD - 12.08.2010 State Bank of Bikaner & Jaipur CD 04.01.2011 State Bank of Hyderabad CD 04.01.2011 State Bank of Patiala CD - 15.11.2010 State Bank of Travancore CD 09.03.2011 Total Activities of hire - purchase financing 10.00% IDFC -16.12.13 10.25% HDFC 2012 - 29.05.12 10.90% REC - 30.09.13 11.50% REC - 26.11.13 11.75% REC - 03.11.11 12.40% Sundaram Fin - 02.08.10 6.05% REC - 23.01.2014 6.35% EXIM - 24.04.2010 7.20% REC - 17.09.2010 7.24% LIC Housing Finance 23.06.2011 7.40% KMPL - 24.08.2010 7.45% IRFC - 27.04.2014 7.60% HDFC - 08.12.17 7.64% LIC Housing Finance26.02.2012 8.28 IDFC 2011 8.35% REC - 04.09.2014 8.5% LIC Housing Finance 9 June 11 8.50% EXIM 2011 - 12.09.2011 1,506 28 7,886 5,808 21 14,390 2,639 2,501 2,507 1,002 8,028 581 3,779 5,047 386 2,997 645 489 0.41% 0.01% 2.13% 1.57% 0.01% 3.89% 0.71% 0.68% 0.68% 0.27% 2.17% 0.16% 1.02% 1.36% 0.10% 0.81% 0.17% 0.13% 1,032 7,644 4,965 4,856 2,528 8,012 5,068 2,531 8,929 7,522 53,086 0.28% 2.07% 1.34% 1.31% 0.68% 2.17% 1.37% 0.69% 2.41% 2.03% 14.36%
8.50% Exim Bank Bonds 2011 8.95% IRFC Ltd- 10.03.2025 8.95% PFC- 30.03.2015 9.00% Bajaj Auto Finance 02.11.2012 9.15% NABARD - 17.12.2010 9.25% PFC - 20.02.2012 9.32% HDFC - 17.12.12 9.40% NHB - 17.12.2013 9.50% Exim - 12.12.13 9.50% HDFC - 27.02.13 9.50% HDFC - 28.02.2013 9.50% LIC Housing Finance 18.02.2012 9.50% Nabard - 15.10.12 9.65% NABARD - 12.03.12 9.68% IRFC - 03.07.10 HDFC Ltd ZCB - 09.03.2012 Total Others Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-theroad tractors for semi - trailers
24,223
6.55%
25,175
6.81%
4,929
1.33%
102

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Pension Bond Fund % of Total Funds Industry Monetary intermediation of commercial banks, saving banks and discount houses 1.95% 8.80% PNB - 18.04.2012 9.15% SBP Perpetual Bond 9,120 2.47% 9.20% BOB Perpetual Bond09.10.2019 9.85% HDFC Bank 2019 - 17.03.2024 Bank of Baroda CD - 15.02.2011 Bank of Baroda CD - 24.09.2010 Central Bank of India CD - 04.10.2010 Oriental Bank of Commerce CD 22.10.2010 5,172 1.40% PNB CD - 12.08.2010 State Bank of Bikaner & Jaipur CD 04.01.2011 State Bank of Patiala CD - 15.11.2010 7,261 1.96% State Bank of Travancore CD 09.03.2011 Total 5,428 1.47% Activities of hire - purchase financing 10.00% IDFC -16.12.13 10.25% HDFC 2012 - 29.05.12 10.75% PFC - 15.07.2011 2,609 12,650 0.71% 3.42% 10.90% REC - 30.09.13 11.25% HDFC - 04.09.18 11.50% REC - 26.11.13 11.75% REC - 03.11.11 12.40% Sundaram Fin - 02.08.10 3,327 0.90% 6.05% REC - 23.01.2014 6.35% EXIM - 24.04.2010 7.20% REC - 17.09.2010 2,670 28,034 7,993 30,578 369,807 0.72% 7.58% 2.16% 8.27% 100.00% 7.24% LIC Housing Finance 23.06.2011 7.40% KMPL - 24.08.2010 7.45% IRFC - 27.04.2014 7.60% HDFC - 08.12.17 7.64% LIC Housing Finance26.02.2012 5,283 2,389 4,733 21,906 340 19,247 369 28,327 5,508 2,501 5,014 5,012 30,105 2,422 4,723 30,284 0.38% 0.17% 0.34% 1.59% 0.02% 1.39% 0.03% 2.05% 0.40% 0.18% 0.36% 0.36% 2.18% 0.18% 0.34% 2.19% 5,158 3,100 67,066 13,820 26,580 20,003 7,284 5,057 5,007 20,270 13,697 30,090 217,133 0.37% 0.22% 4.86% 1.00% 1.93% 1.45% 0.53% 0.37% 0.36% 1.47% 0.99% 2.18% 15.74% Kotak Group Bond Fund % of Total Funds
Generation and transmission of electricity: atomic reactor power plants Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Provision of basic telecom services: telephone, telex and telegraph (includes the activities of STD/ISD booths) Activities of housing finance companies. (Granting of credit for house purchase by specialised institutions that do not also take deposits is included here) Activities of Mutual Funds including Unit Trust of India Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) Production, supply and documentation of ready-made (non-customized) software Government of India State Government Bonds/Development Loans Net Assets Grand Total
7,224
103

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry 7.70% REC - 02.06.2014 7.80% Sundaram Finance 2011 28.07.2011 8.28 IDFC 2011 8.33% Bajaj Auto Finance 19.08.2011 8.35% REC - 04.09.2014 8.49% IRFC - 30.03.2014 8.5% LIC Housing Finance 9 June 11 8.50% EXIM 2011 - 12.09.2011 8.50% Exim Bank Bonds 2011 8.95% IRFC Ltd- 10.03.2025 8.95% PFC- 30.03.2015 9.00% Bajaj Auto Finance 02.11.2012 9.07% REC - 28.02.2018 9.15% NABARD - 17.12.2010 9.25% PFC - 20.02.2012 9.32% HDFC - 17.12.12 9.40% NHB - 17.12.2013 9.50% Exim - 12.12.13 9.50% HDFC - 27.02.13 9.50% HDFC - 28.02.2013 9.50% LIC Housing Finance 18.02.2012 9.50% Nabard - 15.10.12 9.65% NABARD - 12.03.12 9.68% IRFC - 03.07.10 HDFC Ltd ZCB - 09.03.2012 Total Others Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Kotak Group Bond Fund 7,766 14,594 2,880 48,304 4,640 28,882 5,781 4,429 4,813 29,547 101,507 13,695 50,778 33,820 9,332 1,035 13,102 10,457 215 13,078 20,822 23,359 11,249 23,588 30,860 676,699 % of Total Funds 0.56% 1.06% 0.21% 3.50% 0.34% 2.09% 0.42% 0.32% 0.35% 2.14% 7.36% 0.99% 3.68% 2.45% 0.68% 0.08% 0.95% 0.76% 0.02% 0.95% 1.51% 1.69% 0.82% 1.71% 2.24% 49.04% Industry Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers Generation and transmission of electricity: atomic reactor power plants Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Activities of housing finance companies. (Granting of credit for house purchase by specialised institutions that do not also take deposits is included here) Activities of Mutual Funds including Unit Trust of India Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) Production, supply and documentation of ready-made (non-customized) software Government of India State Government Bonds/Development Loans Net Assets Grand Total Kotak Group Bond Fund % of Total Funds
5,972 28,897
0.43% 2.09%
113,611
8.23%
5,172
0.37%
20,137
1.46%
31,302 24,360
2.27% 1.77%
3,185
0.23%
5,340 32,017 16,992 100,453 1,379,873
0.39% 2.32% 1.23% 7.28% 100.00%
38,181
2.77%
60,421
4.38%
104

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Activities of hire - purchase financing 10% NABARD - 18.06.10 10.25% HDFC 2012 - 29.05.12 10.90% REC - 30.09.13 11.50% REC - 26.11.13 12.40% Sundaram Fin - 02.08.10 6.45% EXIM Bank - 15.12.2012 6.90% NHB P-C - 30.10.2012 8.33% Bajaj Auto Finance 19.08.2011 8.5% LIC Housing Finance 9 June 11 8.95% IRFC Ltd- 10.03.2025 8.95% PFC- 30.03.2015 9.07% REC - 28.02.2018 9.35% ILFS - 22.10.10 9.40% NHB - 17.12.2013 9.68% IRFC - 03.07.10 HDFC Ltd ZCB - 09.03.2012 Total Others Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers 934 2,318 481 297 2,317 997 982 4,589 2,347 2,050 508 3,877 2,407 1,470 2,400 1,806 29,781 1.23% 3.06% 0.64% 0.39% 3.06% 1.32% 1.30% 6.06% 3.10% 2.71% 0.67% 5.12% 3.18% 1.94% 3.17% 2.39% 39.36% Bond Fund % of Total Funds Industry Generation and transmission of electricity: hydro-electric power plants Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Monetary intermediation of commercial banks, saving banks and discount houses Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) Production, supply and documentation of ready-made (non-customized) software Government of India Net Assets Grand Total 1,891 2.50% Bond Fund % of Total Funds 3.24%
2,451
936
1.24%
2,464
3.26%
5,390
7.12%
5,885
7.78%
2,315
3.06%
1,657 3,963 16,930 75,667
2.19% 5.24% 22.37% 100.00%
Industry Activities of hire - purchase financing 10% NABARD - 18.06.10 10.90% REC - 30.09.13 11.75% REC - 03.11.11 12.40% Sundaram Fin - 02.08.10 6.90% NHB - 01.09.2012 P-C 11
Pension Bond Fund II
% of Total Funds
23 96 24 232 95 25
0.36% 1.47% 0.37% 3.54% 1.45% 0.38%
2,003
2.65%
6.90% NHB P-C - 30.10.2012
105

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry 8.33% Bajaj Auto Finance 19.08.2011 8.5% LIC Housing Finance 9 June 11 8.60% PFC 2014 - 07.08.2014 8.69% IRFC - 07.01.11 8.95% IRFC Ltd- 10.03.2025 9.22% PFC - 28.12.12 9.35% ILFS - 22.10.10 9.50% HDFC - 27.02.13 HDFC Ltd ZCB - 09.03.2012 Total Others Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers Generation and transmission of electricity: hydro-electric power plants Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Provision of basic telecom services: telephone, telex and telegraph (includes the activities of STD/ISD booths) Monetary intermediation of commercial banks, saving banks and discount houses Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) Pension Bond Fund II 270 94 95 97 185 98 24 92 201 1,651 % of Total Funds 4.13% 1.43% 1.46% 1.48% 2.82% 1.50% 0.37% 1.40% 3.07% 25.22% Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. 7.18% FCI 2010 7.28% FCI 2010 Total Monetary intermediation of commercial banks, saving banks and discount houses 10.50% SBI 12042007 270 196 4.12% 3.00% Oriental Bank of Commerce CD 22.10.2010 PNB CD - 15.07.2010 State Bank of Bikaner & Jaipur CD -04.03.11 State Bank of Hyderabad CD 04.01.2011 State Bank of Travancore CD 09.03.2011 Total 589 9.01% Activities of hire-purchase financing EXIM Floater INBMK + 33 bps 09.08.2010 99 1.51% IDFC Ltd Floater Mibor+ 210 bps 28.04.2011 IRFC Floater INBMK + 37 bps 22.06.2010 PFC Floater Mibor +215 bps 29.05.11 216 3.30% Total 6,877 8,027 9,968 10,059 34,930 6.49% 7.57% 9.40% 9.49% 32.95% 1,339 2,528 2,982 4,005 1,013 1,003 12,871 1.26% 2.38% 2.81% 3.78% 0.96% 0.95% 12.14% 39,759 2,961 42,720 37.50% 2.79% 40.29% Industry Kotak Dynamic Floating Rate Fund % of Total Funds Industry Production, supply and documentation of ready-made (non-customized) software Government of India Net Assets Grand Total Pension Bond Fund II % of Total Funds
93 192 2,624 6,546
1.42% 2.94% 40.08% 100.00%
214
3.28%
401
6.12%
106

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Dynamic Floating Rate Fund % of Total Funds Industry Kotak Guaranteed Floating Rate Fund % of Total Funds
Others Activities of Mutual Funds including Unit Trust of India Government of India Net Assets Grand Total Industry 1,750 9,548 4,200 106,019 Kotak Guaranteed Floating Rate Fund 1.65% 9.01% 3.96% 100.00% % of Total Funds
Others Activities of Mutual Funds including Unit Trust of India Government of India Net Assets Grand Total Industry 5,040 18,190 12,043 269,459 Kotak Pension Floating Rate Fund 1,956 2,136 819 4,376 1,244 10,532 1.87% 6.75% 4.47% 100.00% % of Total Funds
Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. 7.18% FCI 2010 7.28% FCI 2010 Total Monetary intermediation of commercial banks, saving banks and discount houses 10.50% SBI 12042007 Bank of India CD - 18.03.2011 Oriental Bank of Commerce CD 22.10.2010 PNB CD - 15.07.2010 State Bank of Bikaner & Jaipur CD -04.03.11 State Bank of Hyderabad CD 04.01.2011 State Bank of Travancore CD 09.03.2011 Total Activities of hire - purchase financing EXIM Floater INBMK + 33 bps 09.08.2010 IDFC Ltd Floater Mibor+ 210 bps 28.04.2011 IRFC Floater INBMK + 37 bps 22.06.2010 PFC Floater Mibor +215 bps - 29.05.11 Total 1,884 5,399 3,034 8,088 10,011 2,027 4,012 34,455 0.70% 2.00% 1.13% 3.00% 3.72% 0.75% 1.49% 12.79% 110,356 2,862 113,218 40.95% 1.06% 42.02%
Government of India 364 Days T Bill - 08.10.2010 7% Oil Bond - 09.09.12 7.27% GOI - 03.09.13 7.47% OMC GOI Special Bond 07.03.12 9.39% GOI 02-July-2011 Total Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. 7.18% FCI 2010 7.28% FCI 2010 Total Monetary intermediation of commercial banks, saving banks and discount houses 10.50% SBI 12042007 Bank of Baroda CD - 24.09.2010 Oriental Bank of Commerce CD 22.10.2010 PNB CD - 15.07.2010 19,156 18,862 23,896 24,598 86,513 7.11% 7.00% 8.87% 9.13% 32.11% State Bank of Bikaner & Jaipur CD -04.03.11 State Bank of Hyderabad CD 04.01.2011 State Bank of Travancore CD 09.03.2011 Total 71 1,000 2,528 2,527 2,503 507 2,006 11,142 0.07% 1.06% 2.67% 2.67% 2.64% 0.54% 2.12% 11.77% 28,505 4,441 32,946 30.11% 4.69% 34.80% 2.07% 2.26% 0.86% 4.62% 1.31% 11.13%
107

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Pension Floating Rate Fund % of Total Funds Industry Kotak Group Floating Rate Fund % of Total Funds
Activities of hire - purchase financing EXIM Floater INBMK + 33 bps 09.08.2010 IDFC Ltd Floater Mibor+ 210 bps 28.04.2011 IRFC Floater INBMK + 37 bps 22.06.2010 PFC Floater Mibor +215 bps 29.05.11 Total Others Activities of Mutual Funds including Unit Trust of India Net Assets Grand Total Industry 1,049 4,790 94,661 Kotak Group Floating Rate Fund 1.11% 5.06% 100.00% 8,379 8,678 8,695 8,450 34,203 8.85% 9.17% 9.19% 8.93% 36.13%
Activities of hire - purchase financing EXIM Floater INBMK + 33 bps 09.08.2010 IDFC Ltd Floater Mibor+ 210 bps 28.04.2011 IRFC Floater INBMK + 37 bps 22.06.2010 PFC Floater Mibor +215 bps - 29.05.11 Total Others Activities of Mutual Funds including Unit Trust of India Government of India Net Assets Grand Total Industry % of Total Funds Others Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Monetary intermediation of commercial banks, saving banks and discount houses Activities of hire - purchase financing Government of India Net Assets Grand Total 1,090 9,854 26,679 144,342 Floating Rate Fund 0.76% 6.83% 18.48% 100.00% % of Total Funds 10,326 10,431 10,496 10,437 41,690 7.15% 7.23% 7.27% 7.23% 28.88%
Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. 7.18% FCI 2010 7.28% FCI 2010 Total Monetary intermediation of commercial banks, saving banks and discount houses 10.50% SBI 12042007 Bank of India CD - 11.03.2011 Bank of India CD - 18.03.2011 PNB CD - 15.07.2010 State Bank of Bikaner & Jaipur CD -04.03.11 State Bank of Hyderabad CD 04.01.2011 State Bank of Travancore CD 09.03.2011 Total 259 2,506 2,003 4,044 2,002 1,013 3,009 14,837 0.18% 1.74% 1.39% 2.80% 1.39% 0.70% 2.08% 10.28% 46,738 3,454 50,193 32.38% 2.39% 34.77%
37
3.73%
1 33 13 911 995 Kotak Group 36M FMP 02/01/2011
0.10% 3.35% 1.27% 91.56% 100.00% % of Total Funds
Industry
Activities of hire - purchase financing 9.35% ILFS - 22.10.10 Total Others Net Assets Grand Total 1,136 30,911 3.68% 100.00% 29,774 29,774 96.32% 96.32%
108

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Group 36M FMP 12/09/2011 % of Total Funds Industry Kotak Group 60M FMP 27/11/2013 % of Total Funds
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. 8.73% PGC 2011 Total Activities of hire - purchase financing 8.5% LIC Housing Finance 9 June 11 8.50% Exim Bank Bonds 2011 Total Others Net Assets Grand Total 326 10,411 3.13% 100.00% 1,859 4,244 6,104 17.86% 40.77% 58.63% 3,982 3,982 38.24% 38.24%
Government of India Others Net Assets Grand Total 2,034 78,419 2.59% 100.00%
Industry
Kotak Group 50M FMP 27/02/2013
% of Total Funds
Activities of hire - purchase financing 9.50% HDFC - 27.02.13 Total Others Net Assets Grand Total Industry 53 7,021 Kotak Group 59M FMP 08/12/2013 0.76% 100.00% % of Total Funds 6,967 6,967 99.24% 99.24%
Industry
Kotak Group 60M FMP 27/11/2013
% of Total Funds
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) 11.45% RIL - 25.11.13 Total Activities of hire - purchase financing 11.40% PFC - 28.11.13 11.50% REC - 26.11.13 Total 30,598 30,550 61,148 39.02% 38.96% 77.98% 15,237 15,237 19.43% 19.43%
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) 11.45% RIL - 25.11.13 Total Activities of hire - purchase financing 10.00% IDFC -16.12.13 Total Others Net Assets Grand Total 687 29,349 2.34% 100.00% 17,096 17,096 58.25% 58.25% 11,565 11,565 39.41% 39.41%
109

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Dynamic Balanced Fund % of Total Funds Industry Kotak Dynamic Balanced Fund 2,511 2,008 334 342 2,502 1,005 550 134 239 4,424 2,773 1,394 32,254 % of Total Funds
Monetary intermediation of commercial banks, saving banks and discount houses 10.50% SBI 12042007 9.15% SBP Perpetual Bond 9.85% HDFC Bank 2019 - 17.03.2024 9.98% ICICI Perpetual Bond 13.09.16 Axis Bank Ltd Bank of Baroda Bank of Baroda CD - 15.02.2011 HDFC Bank Ltd ICICI Bank Ltd Oriental Bank of Commerce CD 20.08.2010 Oriental Bank of Commerce CD 26.10.2010 Punjab National Bank State Bank of Bikaner & Jaipur CD -04.03.11 State Bank of Hyderabad CD 04.01.2011 State Bank of India State Bank of Patiala CD - 15.11.2010 State Bank of Travancore CD 09.03.2011 Union Bank of India CD - 07.10.2010 YES BANK LTD Total Activities of hire - purchase financing 10.35% HDFC 2017 - 16.05.17 10.90% REC - 30.09.13 11.25% HDFC - 04.09.18 11.50% REC - 26.11.13 11.75% REC - 03.11.11 6.90% NHB - 01.09.2012 P-C 11 7.20% REC - 17.03.2012 169 1,103 68 8,200 22 3,490 985 0.07% 0.45% 0.03% 3.34% 0.01% 1.42% 0.40% 2,267 1,529 1,680 1,296 2,723 1,420 2,508 5,170 8,428 7,060 2,427 2,316 1,502 1,013 3,487 2,212 2,508 3,744 2,083 55,373 0.92% 0.62% 0.68% 0.53% 1.11% 0.58% 1.02% 2.11% 3.44% 2.88% 0.99% 0.94% 0.61% 0.41% 1.42% 0.90% 1.02% 1.53% 0.85% 22.57%
7.90% REC - 06.10.2012 8.49% IRFC - 30.03.2014 8.50% EXIM 2011 - 12.09.2011 8.50% Exim Bank Bonds 2011 8.60% PFC 2014 - 07.08.2014 9.32% HDFC - 17.12.12 9.40% NHB - 17.12.2013 9.50% HDFC - 27.02.13 9.65% NABARD - 12.03.12 Housing Development Finance Corp. Ltd Infrastructure Development Finance Company Ltd Rural Electrification Corporation Ltd Total Others Off shore extraction of petroleum Services incidental to off shore oil extraction Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included]. Manufacture of other dairy products, n.e.c. Manufacture of cigarette and cigarette tobacco Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of paints, varnishes, enamels or lacquers
1.02% 0.82% 0.14% 0.14% 1.02% 0.41% 0.22% 0.05% 0.10% 1.80% 1.13% 0.57% 13.15%
2,809 1,368
1.15% 0.56%
374 1,888 4,150
0.15% 0.77% 1.69%
8,534 2,100
3.48% 0.86%
110

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Dynamic Balanced Fund 9,228 % of Total Funds Industry Kotak Dynamic Balanced Fund 3,820 % of Total Funds
Manufacture of allopathic pharmaceutical preparations Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. Manufacture of generators/generating sets Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers Manufacture of motor cars Manufacture of jeeps and station wagons
3.76%
Generation and transmission of electricity: hydro-electric power plants Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Manufacture of gas; distribution of gaseous fuels through mains
1.56%
2,756
1.12%
21,718
8.85%
4,244
1.73%
8,723
3.56%
Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Activities of Mutual Funds including Unit Trust of India Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.)
4,299
1.75%
4,286
1.75%
7,616
3.10%
4,191 2,183
1.71% 0.89%
5,034
2.05%
2,798
1.14%
810
0.33%
3,588
1.46%
7,157 2,120 2,518
2.92% 0.86% 1.03%
Production, supply and documentation of ready-made (non-customized) software News agency activities
19,510 3,484
7.95% 1.42%
111

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Dynamic Balanced Fund % of Total Funds Industry Kotak Guaranteed Balanced Fund 31,705 13,617 5,068 10,135 20,558 7,812 10,030 48,568 327,218 % of Total Funds
Undifferenciated service-producing activities of private households for own use. [Includes the undifferenciated subsistence. [Includes the undifferenciated subsistence service-producing activities of households. These activities include cooking, teaching, caring for household members and other services produced by the household for its own subsistence. In application, if households are also engaged in the production of multiple goods for subsistence purposes, they are classified to the undifferenciated subsistence service-producing activities of households.] Government of India Net Assets Grand Total Industry
ICICI Bank Ltd Oriental Bank of Commerce CD 20.08.2010 State Bank of Bikaner & Jaipur CD 04.01.2011 State Bank of Hyderabad CD 04.01.2011 State Bank of India State Bank of Patiala CD - 15.11.2010 State Bank of Travancore CD 09.03.2011 Union Bank of India CD - 07.10.2010 Total 1,406 12,951 2,036 245,326 Kotak Guaranteed Balanced Fund 0.57% 5.28% 0.83% 100.00% % of Total Funds Activities of hire - purchase financing 10.25% HDFC 2012 - 29.05.12 10.35% HDFC 2017 - 16.05.17 10.90% REC - 30.09.13 10.95% REC - 14.08.11 11.50% REC - 26.11.13 11.75% REC - 03.11.11 6.75% NHB - 21.12.2012 6.90% NHB - 01.09.2012 P-C 11 7.20% REC - 17.03.2012 10,399 20,383 17,711 15,808 4,874 10,970 7,796 19,512 10,001 30,076 9,712 22,483 0.58% 1.13% 0.99% 0.88% 0.27% 0.61% 0.43% 1.09% 0.56% 1.67% 0.54% 1.25% 7.20% REC - 17.09.2010 7.64% LIC Housing Finance26.02.2012 7.80% Sundaram Finance 2011 28.07.2011 7.90% REC - 06.10.2012 8.33% Bajaj Auto Finance 19.08.2011 8.45% REC - 19.02.2015 8.49% IRFC - 30.03.2014 8.5% LIC Housing Finance 9 June 11 8.50% EXIM 2011 - 12.09.2011 8.50% Exim Bank Bonds 2011
1.76% 0.76% 0.28% 0.56% 1.14% 0.43% 0.56% 2.70% 18.20%
7,667 603 7,114 10,481 38,939 1,974 19,659 32,106 1,969 7,521 20,189 10,065 80,367 5,005 4,979 9,063 1,009 3,032 18,305
0.43% 0.03% 0.40% 0.58% 2.17% 0.11% 1.09% 1.79% 0.11% 0.42% 1.12% 0.56% 4.47% 0.28% 0.28% 0.50% 0.06% 0.17% 1.02%
Monetary intermediation of commercial banks, saving banks and discount houses 10.50% SBI 12042007 9.15% SBP Perpetual Bond 9.50% Kotak Bank FD 31.01.2012 9.85% HDFC Bank 2019 - 17.03.2024 9.98% ICICI Perpetual Bond 13.09.16 Axis Bank Ltd Bank of Baroda Bank of Baroda CD - 15.02.2011 Bank of Baroda CD - 24.09.2010 Bank of India CD - 11.03.2011 Central Bank of India CD - 04.10.2010 HDFC Bank Ltd
112

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Guaranteed Balanced Fund 8,906 30,028 13,258 4,118 13,784 1,039 5,205 1,306 10,497 36,641 18,833 10,834 3,298 4,992 442,785 % of Total Funds Industry Kotak Guaranteed Balanced Fund 19,804 % of Total Funds
8.55% IRFC 2019-15.01.2019 8.60% PFC 2014 - 07.08.2014 9.00% Bajaj Auto Finance 02.11.2012 9.32% HDFC - 17.12.12 9.40% NHB - 17.12.2013 9.50% HDFC - 27.02.13 9.50% LIC Housing Finance 18.02.2012 9.65% NABARD - 12.03.12 9.85% NABARD 2012 HDFC Ltd ZCB - 09.03.2012 Housing Development Finance Corp. Ltd Infrastructure Development Finance Company Ltd Power Finance Corporation Ltd Rural Electrification Corporation Ltd Total
0.50% 1.67% 0.74% 0.23% 0.77% 0.06% 0.29% 0.07% 0.58% 2.04% 1.05% 0.60% 0.18% 0.28% 24.63%
Others Off shore extraction of petroleum Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included]. Manufacture of other dairy products, n.e.c. Manufacture of biscuits, cakes and pastries Manufacture of malted foods including food for infants and invalids Manufacture of cigarette and cigarette tobacco Production of liquid or gaseous fuels, illuminating oils, lubricating oils or greases or other products from crude petroleum or bituminous minerals Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of basic organic chemicals n.e.c. Manufacture of paints, varnishes, enamels or lacquers Manufacture of allopathic pharmaceutical preparations Manufacture of cosmetics and toileteries (includes manufacture of pre-shave, shaving or after shave preparations; personal deodorants and anti-respirants; perfumed bath salts and other bath preparations; beauty or make-up preparations and preparations for the care of the skin, other than medicaments; manicure and pedicure preparations etc.) 1.10%
1,978 8,599 2,888 6,664 19,759
0.11% 0.48% 0.16% 0.37% 1.10%
464
0.03%
Government of India 10.25% GOI - 30.05.21 6.49% GOI - 08.06.2015 6.90% GOI - 13.07.2019 7.02% GOI - 17.08.2016 7.27% GOI - 03.09.13 7.40% GOI 2035 - 09.09.35 7.47% OMC GOI Special Bond 07.03.12 7.59% GOI 2016 7.94% GOI - 24.05.21 8.20% GOI - 15.02.22 8.20% OMC GOI 2023-10.11.23 8.35% GOI - 14.05.22 Total 11,505 3,588 65,310 11,655 6,942 3,676 14,263 11,460 3,041 26,753 24,990 741 183,924 0.64% 0.20% 3.63% 0.65% 0.39% 0.20% 0.79% 0.64% 0.17% 1.49% 1.39% 0.04% 10.23%
55,476 2,898 10,223 32,301
3.09% 0.16% 0.57% 1.80%
5,050
0.28%
113

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Guaranteed Balanced Fund % of Total Funds Industry Kotak Guaranteed Balanced Fund % of Total Funds
Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.) Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers Manufacture of motor cars Manufacture of jeeps and station wagons
10,928
0.61%
Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520) Generation and transmission of electricity: hydro-electric power plants
5,755 29,862
0.32% 1.66%
7,727
0.43%
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Manufacture of gas; distribution of gaseous fuels through mains Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Activities of Mutual Funds including Unit Trust of India Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) Production, supply and documentation of ready-made (non-customized) software News agency activities
94,081 16,208
5.23% 0.90%
36,890
2.05%
11,573
0.64%
25,745
1.43%
55,676
3.10%
21,676
1.21%
14,521 14,930
0.81% 0.83%
46,443
2.58%
152,906 4,442 31,062 59,281 1,797,438
8.51% 0.25% 1.73% 3.30% 100.00%
20,051 8,230 9,419
1.12% 0.46% 0.52%
State Government Bonds/Development Loans Net Assets Grand Total
114

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Pension Balanced Fund % of Total Funds Industry Kotak Pension Balanced Fund 67,377 48,718 47,382 50,150 48,568 1,265,307 % of Total Funds
Monetary intermediation of commercial banks, saving banks and discount houses 10.50% SBI 12042007 11.10% IDBI - 26.09.13 11.50% ICICI SLR Bond - 05.11.2010 9.15% SBP Perpetual Bond 9.20% BOB Perpetual Bond09.10.2019 9.50% Kotak Bank FD 31.01.2012 9.85% HDFC Bank 2019 - 17.03.2024 9.98% ICICI Perpetual Bond 13.09.16 Axis Bank Ltd Bank of Baroda Bank of Baroda CD - 15.02.2011 Bank of Baroda CD - 24.09.2010 Bank of India CD - 11.03.2011 Bank of India CD - 18.03.2011 Central Bank of India CD - 04.10.2010 Corporation Bank CD - 21.02.2011 HDFC Bank Ltd ICICI Bank Ltd Oriental Bank of Commerce CD 20.08.2010 Oriental Bank of Commerce CD 22.10.2010 Oriental Bank of Commerce CD 26.10.2010 PNB CD - 12.08.2010 PNB CD - 15.07.2010 Punjab National Bank State Bank of Bikaner & Jaipur CD -04.03.11 State Bank of Bikaner & Jaipur CD 04.01.2011 State Bank of Hyderabad CD 04.01.2011 8,772 18,354 25,939 30,575 17,544 8,752 46,585 4,321 36,858 24,674 49,054 30,004 100,253 15,024 38,847 59,948 76,406 109,495 21,181 70,795 48,544 35,051 16,351 618 66,119 20,273 22,775 0.15% 0.31% 0.43% 0.51% 0.29% 0.15% 0.78% 0.07% 0.62% 0.41% 0.82% 0.50% 1.68% 0.25% 0.65% 1.00% 1.28% 1.83% 0.35% 1.19% 0.81% 0.59% 0.27% 0.01% 1.11% 0.34% 0.38%
State Bank of India State Bank of Mysore CD - 07.10.2010 State Bank of Patiala CD - 15.11.2010 State Bank of Travancore CD 09.03.2011 Union Bank of India CD - 07.10.2010 Total Activities of hire - purchase financing 10.00% IDFC -16.12.13 10.25% HDFC 2012 - 29.05.12 10.35% HDFC 2017 - 16.05.17 10.75% PFC - 15.07.2011 10.90% REC - 30.09.13 10.95% REC - 14.08.11 11.50% REC - 26.11.13 11.75% REC - 03.11.11 12% NABARD 15-January-2012 12.40% Sundaram Fin - 02.08.10 6.45% EXIM Bank - 15.12.2012 6.70% KMPL - 22.07.2010 6.75% NHB - 21.12.2012 6.90% NHB - 01.09.2012 P-C 11 6.90% NHB P-C - 30.10.2012 7.20% REC - 17.03.2012 7.20% REC - 17.09.2010 7.24% LIC Housing Finance 23.06.2011 7.40% KMPL - 24.08.2010 7.64% LIC Housing Finance26.02.2012 7.75% REC - 17.11.2012 7.80% Sundaram Finance 2011 28.07.2011 7.90% REC - 06.10.2012 8.28 IDFC 2011
1.13% 0.82% 0.79% 0.84% 0.81% 21.20%
12,253 7,287 6,207 32,711 29,731 58,694 138,359 12,636 43,481 17,446 8,714 10,013 49,834 44,868 99,682 13,293 10,028 20,047 20,070 50,474 10,014 30,195 149,605 7,988
0.21% 0.12% 0.10% 0.55% 0.50% 0.98% 2.32% 0.21% 0.73% 0.29% 0.15% 0.17% 0.83% 0.75% 1.67% 0.22% 0.17% 0.34% 0.34% 0.85% 0.17% 0.51% 2.51% 0.13%
115

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Pension Balanced Fund 30,031 8,228 6,161 6,896 12,945 30,115 14,760 7,107 77,942 67,999 142,635 19,827 20,397 21,725 6,947 3,600 52,515 42,392 1,740 10,402 20,902 16,484 43,378 50,179 60,903 29,098 35,565 4,941 1,964 10,385 15,900 1,757,698 % of Total Funds Industry Kotak Pension Balanced Fund % of Total Funds
8.33% Bajaj Auto Finance 19.08.2011 8.35% REC - 04.09.2014 8.40% HDFC - 08.12.2014 8.45% IRFC - 26.12.18 8.45% REC - 19.02.2015 8.49% IRFC - 30.03.2014 8.5% LIC Housing Finance 9 June 11 8.50% EXIM 2011 - 12.09.2011 8.50% Exim Bank Bonds 2011 8.55% IRFC 2019-15.01.2019 8.60% PFC 2014 - 07.08.2014 8.80% PFC - 15.01.2025 9.00% Bajaj Auto Finance 02.11.2012 9.07% REC - 28.02.2018 9.25% PFC - 20.02.2012 9.32% HDFC - 17.12.12 9.40% NHB - 17.12.2013 9.50% Exim - 12.12.13 9.50% HDFC - 27.02.13 9.50% Nabard - 15.10.12 9.65% NABARD - 12.03.12 9.68% IRFC - 03.07.10 9.85% NABARD 2012 HDFC Ltd ZCB - 09.03.2012 Housing Development Finance Corp. Ltd IDFC Ltd Floater Mibor+ 210 bps 28.04.2011 Infrastructure Development Finance Company Ltd IRFC Floater INBMK + 37 bps 22.06.2010 PFC Floater Mibor +215 bps 29.05.11 Power Finance Corporation Ltd Rural Electrification Corporation Ltd Total
Government of India 0.50% 0.14% 0.10% 0.12% 0.22% 0.50% 0.25% 0.12% 1.31% 1.14% 2.39% 0.33% 0.34% 0.36% 0.12% 0.06% 0.88% 0.71% 0.03% 0.17% 0.35% 0.28% 0.73% 0.84% 1.02% 0.49% 0.60% 0.08% 0.03% 0.17% 0.27% 29.45% 10.25% GOI - 30.05.21 6.49% GOI - 08.06.2015 6.90% GOI - 13.07.2019 7.02% GOI - 17.08.2016 7.27% GOI - 03.09.13 7.40% GOI 2012 - 03.05.12 7.40% GOI 2035 - 09.09.35 7.47% OMC GOI Special Bond 07.03.12 7.59% GOI 2016 7.75% OMC GOI BOND - 28.11.2021 7.94% GOI - 24.05.21 7.95% GOI - 28.08.32 8.20% GOI - 15.02.22 8.20% OMC GOI 2023-10.11.23 8.20% OMC GOI Special Bond 12.02.24 8.28% GOI - 15.02.32 8.35% GOI - 14.05.22 Total Others Off shore extraction of petroleum Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included]. Manufacture of other dairy products, n.e.c. Manufacture of biscuits, cakes and pastries Manufacture of malted foods including food for infants and invalids Manufacture of cigarette and cigarette tobacco 67,550 1.13% 11,505 93,428 46,650 87,410 50,357 61,466 12,034 50,940 22,111 9,608 16,942 8,957 34,356 122,867 1,048 3,703 5,377 638,760 0.19% 1.57% 0.78% 1.46% 0.84% 1.03% 0.20% 0.85% 0.37% 0.16% 0.28% 0.15% 0.58% 2.06% 0.02% 0.06% 0.09% 10.70%
6,452 27,053 9,248 19,012 65,386
0.11% 0.45% 0.15% 0.32% 1.10%
116

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Pension Balanced Fund % of Total Funds Industry Kotak Pension Balanced Fund % of Total Funds
Production of liquid or gaseous fuels, illuminating oils, lubricating oils or greases or other products from crude petroleum or bituminous minerals Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of basic organic chemicals n.e.c. Manufacture of paints, varnishes, enamels or lacquers Manufacture of allopathic pharmaceutical preparations Manufacture of cosmetics and toileteries (includes manufacture of pre-shave, shaving or after shave preparations; personal deodorants and anti-respirants; perfumed bath salts and other bath preparations; beauty or make-up preparations and preparations for the care of the skin, other than medicaments; manicure and pedicure preparations etc.) Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.) Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils)
1,483
0.02%
Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers Manufacture of motor cars Manufacture of jeeps and station wagons Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520) Generation and transmission of electricity: hydro-electric power plants
39,210
0.66%
240,069 9,614 32,911 105,214
4.02% 0.16% 0.55% 1.76%
74,713
1.25%
27,650 26,419 31,203
0.46% 0.44% 0.52%
16,610
0.28%
36,577
0.61%
19,347 97,452
0.32% 1.63%
26,679
0.45%
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Manufacture of gas; distribution of gaseous fuels through mains
292,203 52,860
4.90% 0.89%
81,262
1.36%
117

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Pension Balanced Fund % of Total Funds Industry Kotak Group Balanced Fund 43,782 3,817 4,047 13,746 6,858 10,030 15,038 24,492 41,092 10,113 5,055 10,404 7,779 2,534 2,532 17,218 2,436 10,030 9,714 10,338 255,197 % of Total Funds 3.53% 0.31% 0.33% 1.11% 0.55% 0.81% 1.21% 1.98% 3.31% 0.82% 0.41% 0.84% 0.63% 0.20% 0.20% 1.39% 0.20% 0.81% 0.78% 0.83% 20.58%
9.15% SBP Perpetual Bond 9.85% HDFC Bank 2019 - 17.03.2024 9.98% ICICI Perpetual Bond 13.09.16 Axis Bank Ltd Bank of Baroda Bank of Baroda CD - 15.02.2011 Bank of India CD - 11.03.2011 HDFC Bank Ltd ICICI Bank Ltd Oriental Bank of Commerce CD 22.10.2010 PNB CD - 15.07.2010 Punjab National Bank State Bank of Bikaner & Jaipur CD -04.03.11 State Bank of Bikaner & Jaipur CD 04.01.2011
Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Activities of housing finance companies. (Granting of credit for house purchase by specialised institutions that do not also take deposits is included here) Activities of Mutual Funds including Unit Trust of India Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) Production, supply and documentation of ready-made (non-customized) software News agency activities State Government Bonds/Development Loans Net Assets Grand Total Industry
120,768
2.02%
90,537
1.52%
47,986
0.80%
10,434 23,970
0.17% 0.40%
State Bank of Hyderabad CD 04.01.2011 State Bank of India State Bank of Mysore CD - 07.10.2010 State Bank of Travancore CD 09.03.2011 Union Bank of India CD - 07.10.2010 YES BANK LTD Total Activities of hire - purchase financing 10.25% HDFC 2012 - 29.05.12 10.75% PFC - 15.07.2011 10.90% REC - 30.09.13 10.95% REC - 14.08.11 11.25% HDFC - 04.09.18 11.50% REC - 26.11.13 11.75% REC - 03.11.11 6.90% NHB - 01.09.2012 P-C 11 6.90% NHB P-C - 30.10.2012
78,502
1.32%
302,169 15,846 86,440 124,499 5,969,092 Kotak Group Balanced Fund
5.06% 0.27% 1.45% 2.09% 100.00% % of Total Funds
2,542 10,430 1,858 15,722 189 756 115 7,977 39,873
0.21% 0.84% 0.15% 1.27% 0.02% 0.06% 0.01% 0.64% 3.22%
Monetary intermediation of commercial banks, saving banks and discount houses 10.50% SBI 12042007 4,144 0.33%
118

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Group Balanced Fund 4,136 2,006 5,552 4,429 5,023 683 5,005 28,945 978 18,119 1,019 2,897 30,452 5,099 1,552 2,011 4,638 425 5,205 900 10,095 21,319 13,679 14,608 6,881 275,117 % of Total Funds 0.33% 0.16% 0.45% 0.36% 0.41% 0.06% 0.40% 2.33% 0.08% 1.46% 0.08% 0.23% 2.46% 0.41% 0.13% 0.16% 0.37% 0.03% 0.42% 0.07% 0.81% 1.72% 1.10% 1.18% 0.55% 22.19% Industry Kotak Group Balanced Fund % of Total Funds
7.20% REC - 17.03.2012 7.20% REC - 17.09.2010 7.64% LIC Housing Finance26.02.2012 7.80% Sundaram Finance 2011 28.07.2011 7.90% REC - 06.10.2012 8.28 IDFC 2011 8.33% Bajaj Auto Finance 19.08.2011 8.49% IRFC - 30.03.2014 8.50% EXIM 2011 - 12.09.2011 8.50% Exim Bank Bonds 2011 8.55% IRFC 2019-15.01.2019 8.60% PFC 2014 - 07.08.2014 8.95% PFC- 30.03.2015 9.00% Bajaj Auto Finance 02.11.2012 9.32% HDFC - 17.12.12 9.40% NHB - 17.12.2013 9.50% Exim - 12.12.13 9.50% HDFC - 27.02.13 9.50% LIC Housing Finance 18.02.2012 9.65% NABARD - 12.03.12 9.68% IRFC - 03.07.10 Housing Development Finance Corp. Ltd Infrastructure Development Finance Company Ltd IRFC Floater INBMK + 37 bps 22.06.2010 Rural Electrification Corporation Ltd Total Others Off shore extraction of petroleum Services incidental to off shore oil extraction
Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included]. Manufacture of other dairy products, n.e.c. Manufacture of cigarette and cigarette tobacco Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of paints, varnishes, enamels or lacquers Manufacture of allopathic pharmaceutical preparations Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler.
1,570 10,362 20,257
0.13% 0.84% 1.63%
42,196 10,194 45,391
3.40% 0.82% 3.66%
13,827
1.12%
51,349
4.14%
20,674
1.67%
13,819 6,875
1.11% 0.55%
20,548
1.66%
119

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Group Balanced Fund 10,458 % of Total Funds Industry Kotak Group Balanced Fund 110,890 % of Total Funds
Manufacture of generators/generating sets Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-theroad tractors for semi - trailers Manufacture of motor cars Manufacture of jeeps and station wagons Generation and transmission of electricity: hydro-electric power plants Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Manufacture of gas; distribution of gaseous fuels through mains Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc.
0.84%
Activities of Mutual Funds including Unit Trust of India Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) Production, supply and documentation of ready-made (non-customized) software News agency activities Undifferenciated service-producing activities of private households for own use. [Includes the undifferenciated subsistence. [Includes the undifferenciated subsistence service-producing activities of households. These activities include cooking, teaching, caring for household members and other services produced by the household for its own subsistence. In application, if households are also engaged in the production of multiple goods for subsistence purposes, they are classified to the undifferenciated subsistence service-producing activities of households.] Government of India Net Assets Grand Total Industry Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. 7.18% FCI 2010
8.94%
17,614
1.42%
98,865 16,928
7.97% 1.37%
19,226 10,428 13,594 17,402
1.55% 0.84% 1.10% 1.40%
26,813 20,965
2.16% 1.69%
7,031 87,971 (88,047) 1,239,765 Balanced Fund
0.57% 7.10% -7.10% 100.00% % of Total Funds
20,513
1.65%
37,833
3.05%
563 563
29.64% 29.64%
10,028
0.81%
Total Monetary intermediation of commercial banks, saving banks and discount houses Axis Bank Ltd
19 10
0.98% 0.50%
13,878
1.12%
Bank of Baroda
120

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Bank of India CD - 11.03.2011 Canara Bank CD - 08.03.2011 HDFC Bank Ltd ICICI Bank Ltd Punjab National Bank State Bank of India YES BANK LTD Total Others Off shore extraction of petroleum Services incidental to off shore oil extraction Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included]. Manufacture of other dairy products, n.e.c. Manufacture of cigarette and cigarette tobacco Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of paints, varnishes, enamels or lacquers Manufacture of allopathic pharmaceutical preparations Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) 20 9 1.04% 0.49% Balanced Fund 20 24 35 58 15 25 14 220 % of Total Funds 1.06% 1.29% 1.83% 3.06% 0.80% 1.31% 0.75% 11.59% Industry Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. Manufacture of generators/generating sets Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-theroad tractors for semi - trailers Manufacture of motor cars Manufacture of jeeps and station wagons Generation and transmission of electricity: hydro-electric power plants 60 14 63 3.16% 0.75% 3.34% Manufacture of gas; distribution of gaseous fuels through mains Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Balanced Fund % of Total Funds
29
1.54%
29 15
1.51% 0.77%
2 13 28
0.12% 0.70% 1.49%
14 14 22 25 29
0.76% 0.75% 1.14% 1.34% 1.54%
29
1.55%
20
1.04%
53
2.79%
54
2.84%
121

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Activities of hire - purchase financing Production, supply and documentation of ready-made (non-customized) software News agency activities Undifferenciated service-producing activities of private households for own use. [Includes the undifferenciated subsistence. [Includes the undifferenciated subsistence service-producing activities of households. These activities include cooking, teaching, caring for household members and other services produced by the household for its own subsistence. In application, if households are also engaged in the production of multiple goods for subsistence purposes, they are classified to the undifferenciated subsistence service-producing activities of households.] Government of India Net Assets Grand Total Balanced Fund % of Total Funds Industry Pension Balanced Fund II 22 9 16 29 % of Total Funds
Others Off shore extraction of petroleum 19 59 1.02% 3.08% Services incidental to off shore oil extraction Manufacture of other dairy products, n.e.c. Manufacture of cigarette and cigarette tobacco Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of paints, varnishes, enamels or lacquers Manufacture of allopathic pharmaceutical preparations Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers 10 128 198 1,901 0.52% 6.71% 10.40% 100.00% Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. 0.74% 0.31% 0.54% 0.98%
135 24
7.12% 1.27%
64 14 66
2.15% 0.48% 2.25%
20
0.67%
55
1.86%
Industry
Pension Balanced Fund II
% of Total Funds
30
1.02%
Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. 7.18% FCI 2010 7.28% FCI 2010 Total 28 540 568 0.96% 18.29% 19.25%
29
0.97%
122

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Pension Balanced Fund II 15 % of Total Funds Industry Pension Balanced Fund II 113 % of Total Funds 3.81%
Manufacture of generators/generating sets Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers Manufacture of motor cars Manufacture of jeeps and station wagons Generation and transmission of electricity: hydro-electric power plants Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Manufacture of gas; distribution of gaseous fuels through mains Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Monetary intermediation of commercial banks, saving banks and discount houses
Activities of hire - purchase financing 0.52% Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) Production, supply and documentation of ready-made (non-customized) software News agency activities Undifferenciated service-producing activities of private households for own use. [Includes the undifferenciated subsistence. [Includes the undifferenciated subsistence service-producing activities of households. These activities include cooking, teaching, caring for household members and other services produced by the household for its own subsistence. In application, if households are also engaged in the production of multiple goods for subsistence purposes, they are classified to the undifferenciated subsistence service-producing activities of households.] Government of India Net Assets 29 1.00% Grand Total Industry
23
0.76%
136 25
4.60% 0.84%
36 16 23 25
1.23% 0.53% 0.77% 0.86%
16 30
0.55% 1.01%
10 59 1,161 2,953 Kotak Dynamic Growth Fund
0.34% 1.99% 39.33% 100.00% % of Total Funds
54
1.84%
Monetary intermediation of commercial banks, saving banks and discount houses 9.85% HDFC Bank 2019 - 17.03.2024 Axis Bank Ltd Bank of Baroda HDFC Bank Ltd ICICI Bank Ltd Oriental Bank of Commerce CD 20.08.2010 3,349 12,757 6,557 23,813 38,938 7,031 0.39% 1.50% 0.77% 2.79% 4.57% 0.82%
20
0.68%
239
8.10%
123

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Dynamic Growth Fund 10,603 2,534 16,127 9,662 131,372 % of Total Funds 1.24% 0.30% 1.89% 1.13% 15.41% Industry Kotak Dynamic Growth Fund 12,872 6,482 151,508 % of Total Funds
Punjab National Bank State Bank of Bikaner & Jaipur CD 04.01.2011 State Bank of India YES BANK LTD Total Activities of hire - purchase financing 10.25% HDFC 2012 - 29.05.12 10.35% HDFC 2017 - 16.05.17 10.90% REC - 30.09.13 10.95% REC - 14.08.11 11.25% HDFC - 04.09.18 11.50% REC - 26.11.13 11.75% REC - 03.11.11 12% NABARD 15-January-2012 6.90% NHB - 01.09.2012 P-C 11 7.20% REC - 17.09.2010 7.80% Sundaram Finance 2011 28.07.2011 7.90% REC - 06.10.2012 8.28 IDFC 2011 8.49% IRFC - 30.03.2014 8.5% LIC Housing Finance 9 June 11 8.50% EXIM 2011 - 12.09.2011 8.50% Exim Bank Bonds 2011 8.60% PFC 2014 - 07.08.2014 8.80% PFC - 15.01.2025 9.07% REC - 28.02.2018 9.32% HDFC - 17.12.12 9.40% NHB - 17.12.2013 9.50% Exim - 12.12.13 9.50% HDFC - 27.02.13 9.65% NABARD - 12.03.12 9.68% IRFC - 03.07.10 Housing Development Finance Corp. Ltd
Infrastructure Development Finance Company Ltd Rural Electrification Corporation Ltd Total Production, supply and documentation of ready-made (non-customized) software 10.25% Tech Mahindra - 17.04.14
1.51% 0.76% 17.77%
12,309 40,529 6,352 7,847 21,782 12,789 101,608 12,627 6,337
1.44% 4.75% 0.75% 0.92% 2.56% 1.50% 11.92% 1.48% 0.74%
3,077 924 958 10,481 131 13,689 53 1,282 7,478 5,014 7,045 10,046 1,056 10,038 2,210 778 214 5,005 19,827 1,028 663 3,081 2,473 540 216 4,543 20,303
0.36% 0.11% 0.11% 1.23% 0.02% 1.61% 0.01% 0.15% 0.88% 0.59% 0.83% 1.18% 0.12% 1.18% 0.26% 0.09% 0.03% 0.59% 2.33% 0.12% 0.08% 0.36% 0.29% 0.06% 0.03% 0.53% 2.38%
Infosys Technologies Ltd Mphasis Ltd Patni Computer Systems Ltd Tata Consultancy Services Ltd Wipro Ltd Total Others Off shore extraction of petroleum Services incidental to off shore oil extraction Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included]. Manufacture of other dairy products, n.e.c. Manufacture of cigarette and cigarette tobacco Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of paints, varnishes, enamels or lacquers Manufacture of allopathic pharmaceutical preparations
1,847 8,842 19,269
0.22% 1.04% 2.26%
37,854 9,299 42,639
4.44% 1.09% 5.00%
124

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Dynamic Growth Fund % of Total Funds Industry Kotak Dynamic Growth Fund 19,662 % of Total Funds
Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. Manufacture of generators/generating sets Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers Manufacture of motor cars Manufacture of jeeps and station wagons Generation and transmission of electricity: hydro-electric power plants Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c.
Manufacture of gas; distribution of gaseous fuels through mains 12,726 1.49% Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) News agency activities Undifferenciated service-producing activities of private households for own use. [Includes the undifferenciated subsistence. [Includes the undifferenciated subsistence service-producing activities of households. These activities include cooking, teaching, caring for household members and other services produced by the household for its own subsistence. In application, if households are also engaged in the production of multiple goods for subsistence purposes, they are classified to the undifferenciated subsistence service-producing activities of households.]
2.31%
20,157
2.36%
35,702
4.19%
20,226
2.37%
35,446
4.16%
18,982
2.23%
19,601 10,050
2.30% 1.18%
13,012
1.53%
4,684 16,137
0.55% 1.89%
12,561 9,989 11,401 17,716
1.47% 1.17% 1.34% 2.08%
16,388
1.92%
6,513
0.76%
125

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Dynamic Growth Fund 21,802 6,437 852,395 Kotak Guaranteed Growth Fund % of Total Funds 2.56% 0.76% 100.00% % of Total Funds Industry Kotak Guaranteed Growth Fund 24,719 70,896 189,623 388,552 248,400 4,294 205,388 67,079 243,315 54,744 246,579 340,320 48,718 98,447 249,080 347,989 5,964,322 % of Total Funds
Government of India Net Assets Grand Total Industry
Oriental Bank of Commerce CD 20.08.2010 Oriental Bank of Commerce CD 22.10.2010 Oriental Bank of Commerce CD 26.10.2010 PNB CD - 12.08.2010 PNB CD - 20.05.2010 Punjab National Bank State Bank of Bikaner & Jaipur CD -04.03.11 State Bank of Bikaner & Jaipur CD 04.01.2011 State Bank of Bikaner & Jaipur CD 15.10.2010 State Bank of Hyderabad CD 04.01.2011 State Bank of Hyderabad CD 06.07.2010 State Bank of India State Bank of Mysore CD - 07.10.2010 State Bank of Patiala CD - 15.11.2010 State Bank of Travancore CD 09.03.2011 Union Bank of India CD - 07.10.2010 Total Activities of hire - purchase financing 10% NABARD - 18.06.10 10.00% IDFC -16.12.13 10.10% HDFC - 13.09.17 10.25% HDFC 2012 - 29.05.12 10.35% HDFC 2017 - 16.05.17 10.75% PFC - 15.07.2011 10.90% REC - 30.09.13 10.90% REC 2013- 14.08.2013 10.95% REC - 14.08.11 11.25% HDFC - 04.09.18 11.25% PFC - 28.11.18
0.11% 0.31% 0.82% 1.68% 1.07% 0.02% 0.89% 0.29% 1.05% 0.24% 1.07% 1.47% 0.21% 0.43% 1.08% 1.50% 25.79%
Monetary intermediation of commercial banks, saving banks and discount houses 10.50% SBI 12042007 11.10% IDBI - 26.09.13 11.50% ICICI SLR -19.08.2011 11.50% ICICI SLR Bond - 05.11.2010 12% IDBI SLR - 11.03.2012 7.25% Bank of India - 01.05.2010 9.15% SBP Perpetual Bond 9.20% BOB Perpetual Bond09.10.2019 9.25% IDBI 2014 - 26.03.14 9.40% ICICI 28th December 2011 9.50% Kotak Bank FD 31.01.2012 9.85% HDFC Bank 2019 - 17.03.2024 9.98% ICICI Perpetual Bond 13.09.16 Axis Bank CD - 23.11.2010 Axis Bank Ltd Bank of Baroda Bank of Baroda CD - 15.02.2011 Bank of Baroda CD - 24.09.2010 Bank of India CD - 11.03.2011 Bank of India CD - 18.03.2011 Canara Bank CD - 08.03.2011 Canara Bank CD - 11.10.2010 Central Bank of India CD - 04.10.2010 Corporation Bank CD - 21.02.2011 HDFC Bank Ltd ICICI Bank Ltd 82,629 34,203 14,301 19,096 21,801 5,006 40,767 11,907 48,714 496 98 138,778 13,341 63,413 193,703 121,489 431,725 183,055 138,087 108,628 210,770 132,784 94,686 66,010 399,229 561,464 0.36% 0.15% 0.06% 0.08% 0.09% 0.02% 0.18% 0.05% 0.21% 0.00% 0.00% 0.60% 0.06% 0.27% 0.84% 0.53% 1.87% 0.79% 0.60% 0.47% 0.91% 0.57% 0.41% 0.29% 1.73% 2.43%
150,185 16,905 4,641 1,299 8,201 100,236 100,612 51,547 126,821 982 1,145
0.65% 0.07% 0.02% 0.01% 0.04% 0.43% 0.44% 0.22% 0.55% 0.00% 0.00%
126

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Guaranteed Growth Fund 8,406 349,668 10,306 43,519 36,612 240,324 168,953 135,307 115,889 4,807 14,033 97,821 43,736 100,947 124,175 111,807 149,973 9,111 56,952 26,337 23,550 37,331 11,478 11,937 46,375 218,855 139,151 1,973 291,130 59,480 4,780 10,151 40,795 % of Total Funds 0.04% 1.51% 0.04% 0.19% 0.16% 1.04% 0.73% 0.59% 0.50% 0.02% 0.06% 0.42% 0.19% 0.44% 0.54% 0.48% 0.65% 0.04% 0.25% 0.11% 0.10% 0.16% 0.05% 0.05% 0.20% 0.95% 0.60% 0.01% 1.26% 0.26% 0.02% 0.04% 0.18% Industry Kotak Guaranteed Growth Fund 13,690 21,725 23,406 20,642 33,182 9,987 17,160 88,130 152,120 234,962 12,037 139,980 150,945 32,175 94,247 5,204 40,144 310,223 55,365 184,156 27,054 44,020 52,729 77,892 5,149,418 % of Total Funds 0.06% 0.09% 0.10% 0.09% 0.14% 0.04% 0.07% 0.38% 0.66% 1.02% 0.05% 0.61% 0.65% 0.14% 0.41% 0.02% 0.17% 1.34% 0.24% 0.80% 0.12% 0.19% 0.23% 0.34% 22.27%
11.40% PFC - 28.11.13 11.50% REC - 26.11.13 11.75% REC - 03.11.11 12% REC SLR - 21.02.2012 12.40% Sundaram Fin - 02.08.10 6.70% KMPL - 22.07.2010 6.75% NHB - 21.12.2012 6.90% NHB - 01.09.2012 P-C 11 6.90% NHB P-C - 30.10.2012 7.20% REC - 17.03.2012 7.24% LIC Housing Finance 23.06.2011 7.40% KMPL - 24.08.2010 7.45% IRFC - 27.04.2014 7.64% LIC Housing Finance26.02.2012 7.75% REC - 17.11.2012 7.80% Sundaram Finance 2011 28.07.2011 7.90% REC - 06.10.2012 8.28 IDFC 2011 8.33% Bajaj Auto Finance 19.08.2011 8.35% REC - 04.09.2014 8.40% HDFC - 08.12.2014 8.45% PFC - 15.10.2014 8.49% IRFC - 30.03.2014 8.5% LIC Housing Finance 9 June 11 8.50% EXIM 2011 - 12.09.2011 8.50% Exim Bank Bonds 2011 8.55% IRFC 2019-15.01.2019 8.60% IRFC 2019 - 11.06.2019 8.60% PFC 2014 - 07.08.2014 8.80% PFC - 15.01.2025 8.95% HDFC - 16.01.11 8.95% PFC- 30.03.2015 9.00% Bajaj Auto Finance 02.11.2012
9.01% PFC - 15.02.11 9.07% REC - 28.02.2018 9.20% NABARD 2012- 16.08.2012 9.22% PFC - 28.12.12 9.25% PFC - 20.02.2012 9.32% HDFC - 17.12.12 9.35% ILFS - 22.10.10 9.40% NABARD 2011- 05.05.2011 9.40% NHB - 17.12.2013 9.50% Exim - 12.12.13 9.50% HDFC - 27.02.13 9.50% Nabard - 15.10.12 9.65% NABARD - 12.03.12 9.68% IRFC - 03.07.10 9.85% NABARD 2012 EXIM Floater INBMK + 33 bps 09.08.2010 HDFC Ltd ZCB - 09.03.2012 Housing Development Finance Corp. Ltd IDFC Ltd Floater Mibor+ 210 bps 28.04.2011 Infrastructure Development Finance Company Ltd IRFC Floater INBMK + 37 bps 22.06.2010 PFC Floater Mibor +215 bps 29.05.11 Power Finance Corporation Ltd Rural Electrification Corporation Ltd Total Others Off shore extraction of petroleum Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included].
345,255
1.49%
29,898
0.13%
127

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Guaranteed Growth Fund 134,294 45,093 90,869 331,847 % of Total Funds Industry Kotak Guaranteed Growth Fund % of Total Funds
Manufacture of other dairy products, n.e.c. Manufacture of biscuits, cakes and pastries Manufacture of malted foods including food for infants and invalids Manufacture of cigarette and cigarette tobacco Production of liquid or gaseous fuels, illuminating oils, lubricating oils or greases or other products from crude petroleum or bituminous minerals Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of basic organic chemicals n.e.c. Manufacture of paints, varnishes, enamels or lacquers Manufacture of allopathic pharmaceutical preparations Manufacture of cosmetics and toileteries (includes manufacture of pre-shave, shaving or after shave preparations; personal deodorants and anti-respirants; perfumed bath salts and other bath preparations; beauty or make-up preparations and preparations for the care of the skin, other than medicaments; manicure and pedicure preparations etc.) Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.)
0.58% 0.20% 0.39% 1.44%
Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers Manufacture of motor cars Manufacture of jeeps and station wagons
138,012
0.60%
449,838
1.95%
7,220
0.03%
204,710
0.89%
1,028,785 51,079 161,143 543,286
4.45% 0.22% 0.70% 2.35%
386,527
1.67%
147,968 134,424 159,699
0.64% 0.58% 0.69%
85,961
0.37%
Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520) Generation and transmission of electricity: hydro-electric power plants
95,779 573,468
0.41% 2.48%
188,412
0.81%
128

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Guaranteed Growth Fund % of Total Funds Industry Kotak Pension Growth Fund % of Total Funds
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Manufacture of gas; distribution of gaseous fuels through mains Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Provision of basic telecom services: telephone, telex and telegraph (includes the activities of STD/ISD booths) Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Activities of housing finance companies. (Granting of credit for house purchase by specialised institutions that do not also take deposits is included here) Activities of Mutual Funds including Unit Trust of India Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) Production, supply and documentation of ready-made (non-customized) software News agency activities Government of India State Government Bonds/Development Loans Net Assets Grand Total
1,435,739 268,002
6.21% 1.16%
Monetary intermediation of commercial banks, saving banks and discount houses 9.20% BOB Perpetual Bond09.10.2019 9.85% HDFC Bank 2019 - 17.03.2024 Axis Bank CD - 23.11.2010 Axis Bank Ltd Bank of Baroda Bank of India CD - 11.03.2011 Bank of India CD - 18.03.2011 HDFC Bank Ltd ICICI Bank Ltd Oriental Bank of Commerce CD 20.08.2010 Oriental Bank of Commerce CD 26.10.2010 PNB CD - 15.07.2010 Punjab National Bank State Bank of Bikaner & Jaipur CD -04.03.11 7,975 521 3,843 2,115 1,183 2,521 1,803 4,283 6,081 5,043 1,942 3,033 81 3,003 2,534 2,027 3,564 1,015 5,015 2,914 60,494 3.18% 0.21% 1.53% 0.84% 0.47% 1.01% 0.72% 1.71% 2.43% 2.01% 0.78% 1.21% 0.03% 1.20% 1.01% 0.81% 1.42% 0.41% 2.00% 1.16% 24.16%
554,353
2.40%
291,337
1.26%
38,653
0.17%
242,781
1.05%
State Bank of Bikaner & Jaipur CD 04.01.2011 State Bank of Hyderabad CD 04.01.2011
10,434 40,000
0.05% 0.17%
State Bank of India State Bank of Patiala CD - 15.11.2010 State Bank of Travancore CD 09.03.2011 Union Bank of India CD - 07.10.2010 Total Activities of hire - purchase financing 10.90% REC - 30.09.13 11.50% REC - 26.11.13 7.20% REC - 17.03.2012 7.64% LIC Housing Finance26.02.2012 7.90% REC - 06.10.2012
324,233
1.40%
1,421,250 83,431 1,796,011 67,298 101,571 23,122,401
6.15% 0.36% 7.77% 0.29% 0.44% 100.00%
358 150 1,969 5,047 2,511
0.14% 0.06% 0.79% 2.02% 1.00%
129

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Pension Growth Fund 28 175 10 2,748 189 4,727 4,947 9,200 4,312 1,976 526 769 39,644 1,726 56 2,572 709 9,330 8,149 2,560 242 2,431 3,475 2,954 53 43 542 34,842 3,653 % of Total Funds 0.01% 0.07% 0.00% 1.10% 0.08% 1.89% 1.98% 3.67% 1.72% 0.79% 0.21% 0.31% 15.83% 0.69% 0.02% 1.03% 0.28% 3.73% 3.25% 1.02% 0.10% 0.97% 1.39% 1.18% 0.02% 0.02% 0.22% 13.91% 1.46% Industry Kotak Pension Growth Fund 1,335 443 729 3,545 % of Total Funds
8.50% EXIM 2011 - 12.09.2011 8.55% IRFC 2019-15.01.2019 8.60% IRFC 2019 - 11.06.2019 8.60% PFC 2014 - 07.08.2014 9.40% NHB - 17.12.2013 9.45% REC - 04.04.13 9.50% Exim - 12.12.13 9.85% NABARD 2012 Housing Development Finance Corp. Ltd Infrastructure Development Finance Company Ltd Power Finance Corporation Ltd Rural Electrification Corporation Ltd Total Government of India 10.25% GOI - 30.05.21 6.05% GOI 2019 - 02.02.19 6.35% GOI 2020 - 02.01.20 6.49% GOI - 08.06.2015 6.90% GOI - 13.07.2019 7.27% GOI - 03.09.13 7.40% GOI 2012 - 03.05.12 7.40% GOI 2035 - 09.09.35 7.47% OMC GOI Special Bond 07.03.12 7.56% GOI 2014 - 03.11.14 7.59% GOI 2016 8.20% GOI - 15.02.22 8.35% GOI - 14.05.22 9.39% GOI 02-July-2011 Total Others Off shore extraction of petroleum Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included].
Manufacture of other dairy products, n.e.c. Manufacture of biscuits, cakes and pastries Manufacture of malted foods including food for infants and invalids Manufacture of cigarette and cigarette tobacco Production of liquid or gaseous fuels, illuminating oils, lubricating oils or greases or other products from crude petroleum or bituminous minerals Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of basic organic chemicals n.e.c. Manufacture of paints, varnishes, enamels or lacquers Manufacture of allopathic pharmaceutical preparations Manufacture of cosmetics and toileteries (includes manufacture of pre-shave, shaving or after shave preparations; personal deodorants and anti-respirants; perfumed bath salts and other bath preparations; beauty or make-up preparations and preparations for the care of the skin, other than medicaments; manicure and pedicure preparations etc.) Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.)
0.53% 0.18% 0.29% 1.42%
75
0.03%
9,380 546 1,560 5,601
3.75% 0.22% 0.62% 2.24%
904
0.36%
323
0.13%
1,793
0.72%
130

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Pension Growth Fund % of Total Funds Industry Kotak Pension Growth Fund % of Total Funds
Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers Manufacture of motor cars Manufacture of jeeps and station wagons Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520) Generation and transmission of electricity: hydro-electric power plants
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. 1,534 0.61% Manufacture of gas; distribution of gaseous fuels through mains Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. 4,320 1.73% Activities of Mutual Funds including Unit Trust of India Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) Production, supply and documentation of ready-made (non-customized) software News agency activities Net Assets Grand Total 4,877 1,381 1,705 1.95% 0.55% 0.68% Monetary intermediation of commercial banks, saving banks and discount houses 1,099 5,059 0.44% 2.02% 10.50% SBI 12042007 9.40% ICICI 28th December 2011 9.50% Kotak Bank FD 31.01.2012 Industry
16,594 2,811
6.63% 1.12%
3,556
1.42%
4,919
1.96%
2,269
0.91%
9,922
3.96%
2,706 2,440
1.08% 0.97%
310
0.12%
16,545 899 2,587 250,399 Kotak Aggressive Growth Fund
6.61% 0.36% 1.03% 100.00% % of Total Funds
1,223 6,202 4,350
0.03% 0.17% 0.12%
131

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Aggressive Growth Fund 67,445 34,994 124,732 203,356 28,242 54,805 84,123 9,714 51,497 670,683 % of Total Funds 1.87% 0.97% 3.45% 5.63% 0.78% 1.52% 2.33% 0.27% 1.43% 18.56% Industry Kotak Aggressive Growth Fund 50,137 224,092 % of Total Funds
Axis Bank Ltd Bank of Baroda HDFC Bank Ltd ICICI Bank Ltd Oriental Bank of Commerce CD 20.08.2010 Punjab National Bank State Bank of India Union Bank of India CD - 07.10.2010 YES BANK LTD Total Production, supply and documentation of ready-made (non-customized) software Infosys Technologies Ltd Mphasis Ltd Patni Computer Systems Ltd Tata Consultancy Services Ltd Wipro Ltd Total Others Off shore extraction of petroleum Services incidental to off shore oil extraction Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included]. Manufacture of other dairy products, n.e.c. Manufacture of cigarette and cigarette tobacco Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699)
Manufacture of paints, varnishes, enamels or lacquers Manufacture of allopathic pharmaceutical preparations Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. Manufacture of generators/generating sets Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers Manufacture of motor cars Manufacture of jeeps and station wagons
1.39% 6.20%
66,839
1.85%
196,036
5.42%
213,490 31,358 43,120 110,952 67,699 466,619 65,067 29,268
5.91% 0.87% 1.19% 3.07% 1.87% 12.91% 1.80% 0.81%
116,181
3.22%
100,548 52,556
2.78% 1.45%
10,699 46,500 107,801
0.30% 1.29% 2.98%
51,358 54,302 64,504 97,492
1.42% 1.50% 1.79% 2.70%
185,556
5.13%
Generation and transmission of electricity: hydro-electric power plants
132

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Aggressive Growth Fund % of Total Funds Industry Kotak Aggressive Growth Fund 1,815 27,649 3,613,624 Kotak Advantage Multiplier Fund % of Total Funds 0.05% 0.77% 100.00% % of Total Funds
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Manufacture of gas; distribution of gaseous fuels through mains Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Activities of hire - purchase financing Activities of Mutual Funds including Unit Trust of India Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) News agency activities Undifferenciated service-producing activities of private households for own use. [Includes the undifferenciated subsistence. [Includes the undifferenciated subsistence service-producing activities of households. These activities include cooking, teaching, caring for household members and other services produced by the household for its own subsistence. In application, if households are also engaged in the production of multiple goods for subsistence purposes, they are classified to the undifferenciated subsistence service-producing activities of households.]
Government of India 15,176 106,325 0.42% 2.94% Industry Net Assets Grand Total
111,956
3.10% Monetary intermediation of commercial banks, saving banks and discount houses 10.50% SBI 12042007 9.40% ICICI 28th December 2011 9.50% Kotak Bank FD 31.01.2012
788 1,247 1,097 1,362 613 1,761 2,698 504 1,213 316 1,013 1,426 14,040
1.15% 1.82% 1.60% 1.99% 0.90% 2.58% 3.95% 0.74% 1.77% 0.46% 1.48% 2.08% 20.53%
179,385
4.96%
9.98% ICICI Perpetual Bond 13.09.16 Axis Bank Ltd HDFC Bank Ltd
71,571 291,664 24,390
1.98% 8.07% 0.67%
ICICI Bank Ltd Oriental Bank of Commerce CD 20.08.2010 Oriental Bank of Commerce CD 22.10.2010 Punjab National Bank State Bank of Hyderabad CD 04.01.2011 State Bank of India Total Activities of hire - purchase financing 10.25% HDFC 2012 - 29.05.12 10.35% HDFC 2017 - 16.05.17 11.25% HDFC - 04.09.18 11.40% PFC - 28.11.13 7.80% Sundaram Finance 2011 28.07.2011 8.50% EXIM 2011 - 12.09.2011 8.50% Exim Bank Bonds 2011 8.60% PFC 2014 - 07.08.2014
10,501 82,308
0.29% 2.28%
169 2,976 37 664 1,006 199 1,158 1,001
0.25% 4.35% 0.05% 0.97% 1.47% 0.29% 1.69% 1.46%
34,646
0.96%
133

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Advantage Multiplier Fund 55 60 1,845 270 229 9,670 1,657 % of Total Funds Industry Kotak Advantage Multiplier Fund % of Total Funds
9.32% HDFC - 17.12.12 9.50% HDFC - 27.02.13 Housing Development Finance Corp. Ltd Infrastructure Development Finance Company Ltd Reliance Capital Ltd Total Others Off shore extraction of petroleum Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included]. Manufacture of cigarette and cigarette tobacco Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of allopathic pharmaceutical preparations Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.) Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils)
0.08% 0.09% 2.70% 0.39% 0.33% 14.14% 2.42%
Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. Manufacture of electricity distribution and control apparatus [electrical apparatus for switching or protecting electrical circuits (e.g. switches, fuses, voltage limiters, surge suppressors, junction boxes etc.) for a voltage exceeding 1000 volts; similar apparatus (including relays, sockets etc.) for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors.] Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers Manufacture of motor cars
1,171
1.71%
1,045
1.53%
111 1,937
0.16% 2.83%
4,547 961
6.65% 1.40%
496
0.73%
673
0.98%
873
1.28%
533 512
0.78% 0.75%
1,953
2.86%
134

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Advantage Multiplier Fund 644 % of Total Funds Industry Kotak Advantage Plus Fund % of Total Funds
Manufacture of jeeps and station wagons Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520) Generation and transmission of electricity: hydro-electric power plants Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Manufacture of gas; distribution of gaseous fuels through mains Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Activities of Mutual Funds including Unit Trust of India Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) Production, supply and documentation of ready-made (non-customized) software Government of India Net Assets Grand Total
0.94%
Monetary intermediation of commercial banks, saving banks and discount houses 10.50% SBI 12042007 9.40% ICICI 28th December 2011 9.50% Kotak Bank FD 31.01.2012 Axis Bank Ltd Bank of India CD - 11.03.2011 HDFC Bank Ltd ICICI Bank Ltd Oriental Bank of Commerce CD 20.08.2010 Oriental Bank of Commerce CD 22.10.2010 Punjab National Bank State Bank of Hyderabad CD 04.01.2011 13,876 6,712 2,081 6,295 50,114 16,758 26,439 2,017 4,349 3,196 5,067 14,335 151,239 2.07% 1.00% 0.31% 0.94% 7.49% 2.51% 3.95% 0.30% 0.65% 0.48% 0.76% 2.14% 22.62%
465 1,648
0.68% 2.41%
5,300 544
7.75% 0.79%
290
0.42%
State Bank of India Total Activities of hire - purchase financing 10.25% HDFC 2012 - 29.05.12 6.90% NHB P-C - 30.10.2012 7.80% Sundaram Finance 2011 28.07.2011 8.28 IDFC 2011 8.5% LIC Housing Finance 9 June 11 8.50% EXIM 2011 - 12.09.2011
7,650 14,454 8,052 1,085 3,602 3,569 17,053 6,643 8,697 6,381 5,750 916 462 17,798 2,739 2,320 107,169
1.14% 2.16% 1.20% 0.16% 0.54% 0.53% 2.55% 0.99% 1.30% 0.95% 0.86% 0.14% 0.07% 2.66% 0.41% 0.35% 16.03%
2,809
4.11%
1,394 950
2.04% 1.39%
8.50% Exim Bank Bonds 2011 8.60% PFC 2014 - 07.08.2014 8.95% HDFC - 16.01.11 9.01% PFC - 15.02.11 9.32% HDFC - 17.12.12
4,086
5.97%
9.50% HDFC - 27.02.13 9.65% NABARD - 12.03.12 Housing Development Finance Corp. Ltd Infrastructure Development Finance Company Ltd Reliance Capital Ltd Total
5,631 4,270 182 68,388
8.23% 6.24% 0.27% 100.00%
135

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Advantage Plus Fund % of Total Funds Industry Kotak Advantage Plus Fund % of Total Funds
Others Off shore extraction of petroleum Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included]. Manufacture of cigarette and cigarette tobacco Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of allopathic pharmaceutical preparations Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.) Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) 14,885 2.23%
Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. Manufacture of electricity distribution and control apparatus [electrical apparatus for switching or protecting electrical circuits (e.g. switches, fuses, voltage limiters, surge suppressors, junction boxes etc.) for a voltage exceeding 1000 volts; similar apparatus (including relays, sockets etc.) for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors.] Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers Manufacture of motor cars
10,423
1.56%
1,125 17,841
0.17% 2.67%
51,043 9,607
7.63% 1.44%
4,967
0.74%
6,866
1.03%
8,806
1.32%
5,336 5,068 5,591
0.80% 0.76% 0.84%
19,227
2.88%
Manufacture of jeeps and station wagons Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520)
4,497 16,187
0.67% 2.42%
11,942
1.79%
136

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Advantage Plus Fund % of Total Funds Industry Kotak Advantage Multiplier Fund II % of Total Funds
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Manufacture of gas; distribution of gaseous fuels through mains Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Activities of housing finance companies. (Granting of credit for house purchase by specialised institutions that do not also take deposits is included here) Activities of Mutual Funds including Unit Trust of India Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) Production, supply and documentation of ready-made (non-customized) software Government of India Net Assets Grand Total
1,858 5,204
0.28% 0.78%
Monetary intermediation of commercial banks, saving banks and discount houses 10.50% SBI 12042007 9.40% ICICI 28th December 2011 9.50% Kotak Bank FD 31.01.2012 452 605 897 1,167 412 1,485 1,814 807 607 214 1,014 1,013 966 11,455 0.98% 1.31% 1.94% 2.52% 0.89% 3.20% 3.91% 1.74% 1.31% 0.46% 2.19% 2.19% 2.08% 24.71%
2,963
0.44%
9.98% ICICI Perpetual Bond 13.09.16 Axis Bank Ltd HDFC Bank Ltd ICICI Bank Ltd Oriental Bank of Commerce CD 20.08.2010
27,737
4.15%
Oriental Bank of Commerce CD 22.10.2010 Punjab National Bank
49,014
7.33%
State Bank of Bikaner & Jaipur CD 04.01.2011 State Bank of Hyderabad CD 04.01.2011
13,712
2.05%
State Bank of India Total Activities of hire - purchase financing
10,434 16,150
1.56% 2.42%
10.25% HDFC 2012 - 29.05.12 10.35% HDFC 2017 - 16.05.17 7.75% REC - 17.11.2012 7.80% Sundaram Finance 2011 28.07.2011 8.28 IDFC 2011 8.49% IRFC - 30.03.2014 8.50% EXIM 2011 - 12.09.2011 8.50% Exim Bank Bonds 2011 8.60% PFC 2014 - 07.08.2014 8.95% HDFC - 16.01.11
345 1,162 1,001 518 114 1,939 127 733 1,001 311
0.74% 2.51% 2.16% 1.12% 0.25% 4.18% 0.27% 1.58% 2.16% 0.67%
11,185
1.67%
53,963 27,737 (3,045) 668,733
8.07% 4.15% -0.46% 100.00%
137

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Advantage Multiplier Fund II 178 100 34 1,258 183 154 9,158 1,169 % of Total Funds Industry Kotak Advantage Multiplier Fund II % of Total Funds
9.32% HDFC - 17.12.12 9.40% NHB - 17.12.2013 9.50% HDFC - 27.02.13 Housing Development Finance Corp. Ltd Infrastructure Development Finance Company Ltd Reliance Capital Ltd Total Others Off shore extraction of petroleum Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included]. Manufacture of cigarette and cigarette tobacco Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of allopathic pharmaceutical preparations Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.) Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils)
0.38% 0.22% 0.07% 2.71% 0.39% 0.33% 19.75% 2.52%
76 1,318
0.16% 2.84%
3,200 642
6.90% 1.38%
455
0.98%
593
1.28%
1,337
2.88%
Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. Manufacture of electricity distribution and control apparatus [electrical apparatus for switching or protecting electrical circuits (e.g. switches, fuses, voltage limiters, surge suppressors, junction boxes etc.) for a voltage exceeding 1000 volts; similar apparatus (including relays, sockets etc.) for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors.] Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers Manufacture of motor cars Manufacture of jeeps and station wagons
792
1.71%
710
1.53%
332
0.72%
359 345 374
0.77% 0.74% 0.81%
138

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Advantage Multiplier Fund II % of Total Funds Industry Kotak Advantage Plus Fund II % of Total Funds
Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520) Generation and transmission of electricity: hydro-electric power plants Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Manufacture of gas; distribution of gaseous fuels through mains Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Activities of Mutual Funds including Unit Trust of India Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) Production, supply and documentation of ready-made (non-customized) software Government of India Net Assets Grand Total
Monetary intermediation of commercial banks, saving banks and discount houses 10.50% SBI 12042007 11,858 10,824 708 4,960 12,970 20,509 3,026 2,509 5,067 11,164 83,596 2.26% 2.07% 0.14% 0.95% 2.47% 3.91% 0.58% 0.48% 0.97% 2.13% 15.95% 0.67% 2.45% 9.40% ICICI 28th December 2011 9.50% Kotak Bank FD 31.01.2012 Axis Bank Ltd HDFC Bank Ltd ICICI Bank Ltd Oriental Bank of Commerce CD 20.08.2010 Punjab National Bank State Bank of Hyderabad CD 04.01.2011
309 1,137
488 351
1.05% 0.76%
196
0.42%
State Bank of India Total Activities of hire - purchase financing 6.75% NHB - 21.12.2012 6.90% NHB P-C - 30.10.2012 7.64% LIC Housing Finance26.02.2012 7.90% REC - 06.10.2012 9.32% HDFC - 17.12.12 9.50% Nabard - 15.10.12
9,829 5,600 20,189 37,885 921 10,292 717 13,757 2,159 1,835 103,184
1.88% 1.07% 3.85% 7.23% 0.18% 1.96% 0.14% 2.62% 0.41% 0.35% 19.69%
1,882
4.06%
941 190
2.03% 0.41%
9.65% NABARD - 12.03.12 Housing Development Finance Corp. Ltd Infrastructure Development Finance Company Ltd Reliance Capital Ltd Total Government of India
769
1.66%
3,867 4,283 (366) 46,361
8.34% 9.24% -0.79% 100.00%
7.40% GOI 2012 - 03.05.12 Total Others Off shore extraction of petroleum
72,426 72,426 11,661
13.82% 13.82% 2.22%
139

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Advantage Plus Fund II % of Total Funds Industry Kotak Advantage Plus Fund II % of Total Funds
Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included]. Manufacture of cigarette and cigarette tobacco Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of allopathic pharmaceutical preparations Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.) Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler.
873 14,004
0.17% 2.67%
Manufacture of electricity distribution and control apparatus [electrical apparatus for switching or protecting electrical circuits (e.g. switches, fuses, voltage limiters, surge suppressors, junction boxes etc.) for a voltage exceeding 1000 volts; similar apparatus (including relays, sockets etc.) for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors.] Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-theroad tractors for semi - trailers Manufacture of motor cars
3,884
0.74%
34,395 7,508
6.56% 1.43%
5,388
1.03%
4,173 3,950 4,372
0.80% 0.75% 0.83%
6,922
1.32%
Manufacture of jeeps and station wagons Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520) Generation and transmission of electricity: hydro-electric power plants
14,889
2.84%
3,453 12,753
0.66% 2.43%
9,385
1.79%
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Manufacture of gas; distribution of gaseous fuels through mains Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc.
1,459 3,972
0.28% 0.76%
8,088
1.54%
2,364
0.45%
140

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Advantage Plus Fund II % of Total Funds Industry State Bank of India YES BANK LTD Total Production, supply and documentation of ready-made (non-customized) software Infosys Technologies Ltd 21,640 4.13% Mphasis Ltd Patni Computer Systems Ltd Tata Consultancy Services Ltd Wipro Ltd 10,628 13,180 2.03% 2.51% Total Others Off shore extraction of petroleum Services incidental to off shore oil extraction 21,002 4.01% Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included]. Manufacture of other dairy products, n.e.c. Manufacture of cigarette and cigarette tobacco Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of paints, varnishes, enamels or lacquers Manufacture of allopathic pharmaceutical preparations Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers 2,908 1,447 1.74% 0.87% 9,342 1,449 1,443 4,962 2,927 20,123 5.58% 0.87% 0.86% 2.97% 1.75% 12.03% Frontline Equity Fund 3,626 2,179 27,896 % of Total Funds 2.17% 1.30% 16.67%
Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Activities of Mutual Funds including Unit Trust of India Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) Production, supply and documentation of ready-made (non-customized) software Net Assets Grand Total Industry Monetary intermediation of commercial banks, saving banks and discount houses Axis Bank Ltd Bank of Baroda HDFC Bank Ltd ICICI Bank Ltd Oriental Bank of Commerce CD 20.08.2010 Oriental Bank of Commerce CD 22.10.2010 Punjab National Bank State Bank of Bikaner & Jaipur CD -04.03.11
41,924 3,014 524,089 Frontline Equity Fund
8.00% 0.58% 100.00% % of Total Funds
263 2,182 4,264
0.16% 1.30% 2.55%
2,894 1,444 5,161 8,651 504 506 2,192 741
1.73% 0.86% 3.08% 5.17% 0.30% 0.30% 1.31% 0.44%
8,632 2,147 9,558
5.16% 1.28% 5.71%
2,911
1.74%
141

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. Manufacture of generators/generating sets Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-theroad tractors for semi - trailers Manufacture of motor cars Manufacture of jeeps and station wagons Generation and transmission of electricity: hydro-electric power plants Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Manufacture of gas; distribution of gaseous fuels through mains Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc. Frontline Equity Fund % of Total Funds Industry Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Activities of hire - purchase financing Activities of Mutual Funds including Unit Trust of India News agency activities Undifferenciated service-producing activities of private households for own use. [Includes the undifferenciated subsistence. [Includes the undifferenciated subsistence service-producing activities of households. These activities include cooking, teaching, caring for household members and other services produced by the household for its own subsistence. In application, if households are also engaged in the production of multiple goods for subsistence purposes, they are classified to the undifferenciated subsistence service-producing activities of households.] Government of India Net Assets 4,428 2.65% Grand Total Frontline Equity Fund % of Total Funds
8,053
4.81%
7,966
4.76%
4,351
2.60%
200
0.12%
4,327 2,201
2.59% 1.32%
2,921 10,301 6,050 3,564
1.75% 6.16% 3.62% 2.13%
5,079 2,196 2,862 3,665
3.04% 1.31% 1.71% 2.19%
3,176 4,414
1.90% 2.64%
1,480 2,192 5,543 167,303
0.88% 1.31% 3.31% 100.00%
142

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Pension Frontline Equity Fund % of Total Funds Industry Pension Frontline Equity Fund % of Total Funds
Monetary intermediation of commercial banks, saving banks and discount houses Axis Bank Ltd Bank of Baroda Bank of Baroda CD - 15.02.2011 HDFC Bank Ltd ICICI Bank Ltd PNB CD - 12.08.2010 Punjab National Bank State Bank of India State Bank of Travancore CD 09.03.2011 YES BANK LTD Total Others Off shore extraction of petroleum Services incidental to off shore oil extraction Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included]. Manufacture of other dairy products, n.e.c. Manufacture of cigarette and cigarette tobacco Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of paints, varnishes, enamels or lacquers Manufacture of allopathic pharmaceutical preparations 212 106 1.05% 0.52% 211 106 101 381 635 190 163 266 64 160 2,278 1.04% 0.52% 0.50% 1.88% 3.14% 0.94% 0.81% 1.31% 0.32% 0.79% 11.25%
19 160 314
0.09% 0.79% 1.55%
634 155 700
3.13% 0.77% 3.46%
Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. Manufacture of generators/generating sets Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-theroad tractors for semi - trailers Manufacture of motor cars Manufacture of jeeps and station wagons Generation and transmission of electricity: hydro-electric power plants Manufacture of gas; distribution of gaseous fuels through mains Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc.
211
1.04%
591
2.92%
319
1.58%
320 161
1.58% 0.80%
161 163 211 273 325
0.79% 0.81% 1.04% 1.35% 1.60%
318
1.57%
143

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Pension Frontline Equity Fund % of Total Funds Industry Kotak Opportunities Fund % of Total Funds
Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Activities of hire - purchase financing Activities of Mutual Funds including Unit Trust of India Production, supply and documentation of ready-made (non-customized) software News agency activities Undifferenciated service-producing activities of private households for own use. [Includes the undifferenciated subsistence. [Includes the undifferenciated subsistence serviceproducing activities of households. These activities include cooking, teaching, caring for household members and other services produced by the household for its own subsistence. In application, if households are also engaged in the production of multiple goods for subsistence purposes, they are classified to the undifferenciated subsistence service-producing activities of households.] Government of India Net Assets Grand Total
Monetary intermediation of commercial banks, saving banks and discount houses 9.20% BOB Perpetual Bond09.10.2019 Axis Bank Ltd 586 2.89% Bank of Baroda Bank of Baroda CD - 15.02.2011 Bank of India CD - 11.03.2011 255 1.26% Bank of India CD - 18.03.2011 Canara Bank Central Bank of India CD - 04.10.2010 Corporation Bank CD - 21.02.2011 215 650 710 1.06% 3.21% 3.51% HDFC Bank Ltd ICICI Bank Ltd IndusInd Bank Limited Oriental Bank of Commerce CD 20.08.2010 Oriental Bank of Commerce CD 22.10.2010 PNB CD - 12.08.2010 State Bank of India State Bank of Mysore CD - 07.10.2010 Union Bank of India CD - 07.10.2010 Total Production, supply and documentation of ready-made (non-customized) software 10.25% Tech Mahindra Ltd 17.04.2013 Financial Technologies (India) Ltd Infosys Technologies Ltd Mindtree Ltd 109 970 7,390 20,252 0.54% 4.79% 36.49% 100.00% Oracle Financial Services Software Ltd Tata Consultancy Services Ltd Wipro Ltd Total 2,670 47,144 177,194 34,515 33,926 129,764 64,400 489,612 0.07% 1.25% 4.68% 0.91% 0.90% 3.43% 1.70% 12.94% 4,984 65,685 66,474 9,482 17,544 8,614 34,231 5,341 10,070 101,932 171,943 36,081 10,086 5,430 13,156 79,339 4,872 7,771 653,037 0.13% 1.74% 1.76% 0.25% 0.46% 0.23% 0.91% 0.14% 0.27% 2.69% 4.55% 0.95% 0.27% 0.14% 0.35% 2.10% 0.13% 0.21% 17.27%
1,477 262
7.29% 1.29%
144

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Opportunities Fund % of Total Funds Industry Kotak Opportunities Fund % of Total Funds
Others Off shore extraction of petroleum Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included]. Manufacture of malted foods including food for infants and invalids Distilling, rectifying and blending of spirits; ethyl alcohol production from fermented materials n.e.c. (other than soft drinks, mineral water & wine) Manufacture of malt liquors other than beer Manufacture of cigarette and cigarette tobacco Publishing of newspapers. Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of basic organic chemicals n.e.c. Manufacture of paints, varnishes, enamels or lacquers Manufacture of allopathic pharmaceutical preparations Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of semi -finished stainless steel of these shapes 61,601 1.63%
Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacturing of Zinc (includes basic processing, smelting, refining for production of base metal; its further processing and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Casting of iron and steel Manufacture of steam or other vapour generating boilers and hot water boilers other than central heating boilers Manufacture of reciprocatory or rotary spark-ignition or compressionignition internal combustion piston engines for use in moving or stationary applications other than for motorvehicles or aircraft propulsion. Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. Manufacture of generators/generating sets
138,199
3.65%
10,311 44,590
0.27% 1.18%
85,922
2.27%
33,114 36,368 50,513 20,631
0.88% 0.96% 1.34% 0.55%
53,329 36,216
1.41% 0.96%
33,688
0.89%
175,666 29,652 30,636 271,775
4.64% 0.78% 0.81% 7.19%
34,530
0.91%
67,835 33,771
1.79% 0.89%
33,361 50,362
0.88% 1.33%
Manufacture of primary cells and primary batteries: cells containing manganese oxide, mercuric oxide, silver oxide or other material
36,157
0.96%
145

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Opportunities Fund % of Total Funds Industry Kotak Opportunities Fund % of Total Funds
Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers Manufacture of jeeps and station wagons Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520) Manufacture of gold jewellery: gold, silver and other precious metal jewellery; precious and semi-precious stone jewellery; gold and silver articles including presentation coins but not the coin used as a legal tender Generation and transmission of electricity: hydro-electric power plants Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Manufacture of gas; distribution of gaseous fuels through mains Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.]
Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Retail sale in non-specialized stores with food, beverages or tobacco predominating [Includes mainly the socalled general stores which have, apart from their main sales of groceries, several other lines of merchandise such as cosmetics, clothing etc.] Provision of basic telecom services: telephone, telex and telegraph (includes the activities of STD/ISD booths) Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Activities of hire - purchase financing Activities of Mutual Funds including Unit Trust of India Real estate activities with own or leased property n.e.c. 33,271 138,723 0.88% 3.67% News agency activities Government of India Net Assets Grand Total 9,589 44,577 0.25% 1.18% Monetary intermediation of commercial banks, saving banks and discount houses Axis Bank Ltd Bank of Baroda Canara Bank HDFC Bank Ltd ICICI Bank Ltd IndusInd Bank Limited State Bank of India 142,848 3.78% Total Industry
39,211
1.04%
21,021 65,601
0.56% 1.73%
30,917
0.82%
1,628
0.04%
54,541
1.44%
69,058 302,860 15,870 34,292 69,118 23,558 52,073 3,782,443 Kotak Pension Opportunities Fund
1.83% 8.01% 0.42% 0.91% 1.83% 0.62% 1.38% 100.00% % of Total Funds
122,811
3.25%
820 838 420 1,353 2,108 438 1,035 7,013
1.83% 1.87% 0.93% 3.01% 4.69% 0.98% 2.30% 15.61%
146

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Pension Opportunities Fund % of Total Funds Industry Kotak Pension Opportunities Fund 306 3,423 % of Total Funds
Production, supply and documentation of ready-made (non-customized) software Financial Technologies (India) Ltd Infosys Technologies Ltd Mindtree Ltd Oracle Financial Services Software Ltd Tata Consultancy Services Ltd Wipro Ltd Total Others Off shore extraction of petroleum Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included]. Manufacture of malted foods including food for infants and invalids Distilling, rectifying and blending of spirits; ethyl alcohol production from fermented materials n.e.c. (other than soft drinks, mineral water & wine) Manufacture of malt liquors other than beer Manufacture of cigarette and cigarette tobacco Publishing of newspapers. Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of basic organic chemicals n.e.c. 842 1.87% 580 2,216 429 529 1,522 787 6,063 1.29% 4.93% 0.95% 1.18% 3.39% 1.75% 13.49%
Manufacture of paints, varnishes, enamels or lacquers Manufacture of allopathic pharmaceutical preparations Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of semi -finished stainless steel of these shapes Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacturing of Zinc (includes basic processing, smelting, refining for production of base metal; its further processing and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Casting of iron and steel Manufacture of steam or other vapour generating boilers and hot water boilers other than central heating boilers Manufacture of reciprocatory or rotary spark-ignition or compressionignition internal combustion piston engines for use in moving or stationary applications other than for motorvehicles or aircraft propulsion. Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler.
0.68% 7.62%
411 619
0.91% 1.38%
1,683
3.75%
141 511
0.31% 1.14%
1,059
2.36%
423 440 611 284
0.94% 0.98% 1.36% 0.63%
654 441
1.46% 0.98%
419
0.93%
434
0.97%
2,163 360
4.81% 0.80%
834
1.86%
147

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Pension Opportunities Fund 435 % of Total Funds Industry Kotak Pension Opportunities Fund % of Total Funds
Manufacture of generators/generating sets Manufacture of primary cells and primary batteries: cells containing manganese oxide, mercuric oxide, silver oxide or other material Manufacture of jeeps and station wagons Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520) Manufacture of gold jewellery: gold, silver and other precious metal jewellery; precious and semi-precious stone jewellery; gold and silver articles including presentation coins but not the coin used as a legal tender Generation and transmission of electricity: hydro-electric power plants Manufacture of gas; distribution of gaseous fuels through mains Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Retail sale in non-specialized stores with food, beverages or tobacco predominating [Includes mainly the socalled general stores which have, apart from their main sales of groceries, several other lines of merchandise such as cosmetics, clothing etc.]
0.97%
Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Activities of hire - purchase financing Activities of Mutual Funds including Unit Trust of India Real estate activities with own or leased property n.e.c. News agency activities Government of India Net Assets Grand Total Industry
805 2,960 329 423 881 2,526 (923) 44,934 Classic Opportunities Fund
1.79% 6.59% 0.73% 0.94% 1.96% 5.62% -2.05% 100.00% % of Total Funds
445 787
0.99% 1.75%
663
1.48%
412 1,710 588
0.92% 3.81% 1.31% Monetary intermediation of commercial banks, saving banks and discount houses Axis Bank Ltd Bank of Baroda Canara Bank HDFC Bank Ltd
9,519 9,501 4,747 14,542 23,716 4,744 2,017 4,005 405 9,541 82,737
1.44% 1.44% 0.72% 2.20% 3.59% 0.72% 0.31% 0.61% 0.06% 1.44% 12.53%
1,586
3.53%
ICICI Bank Ltd IndusInd Bank Limited Oriental Bank of Commerce CD 20.08.2010 State Bank of Bikaner & Jaipur CD -04.03.11 State Bank of Hyderabad CD 04.01.2011
1,755
3.91%
State Bank of India Total Production, supply and documentation of ready-made (non-customized) software Financial Technologies (India) Ltd
7,024 26,008
1.06% 3.94%
418
0.93%
Infosys Technologies Ltd
148

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Classic Opportunities Fund 4,781 4,780 18,658 9,634 70,885 7,178 % of Total Funds 0.72% 0.72% 2.83% 1.46% 10.73% 1.09% Industry Classic Opportunities Fund 7,056 % of Total Funds
Mindtree Ltd Oracle Financial Services Software Ltd Tata Consultancy Services Ltd Wipro Ltd Total Others Off shore extraction of petroleum Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included]. Manufacture of malted foods including food for infants and invalids Distilling, rectifying and blending of spirits; ethyl alcohol production from fermented materials n.e.c. (other than soft drinks, mineral water & wine) Manufacture of malt liquors other than beer Manufacture of cigarette and cigarette tobacco Publishing of newspapers. Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of basic organic chemicals n.e.c. Manufacture of paints, varnishes, enamels or lacquers Manufacture of allopathic pharmaceutical preparations Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers
Manufacture of semi -finished stainless steel of these shapes Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacturing of Zinc (includes basic processing, smelting, refining for production of base metal; its further processing and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Casting of iron and steel Manufacture of steam or other vapour generating boilers and hot water boilers other than central heating boilers Manufacture of reciprocatory or rotary spark-ignition or compressionignition internal combustion piston engines for use in moving or stationary applications other than for motorvehicles or aircraft propulsion. Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. Manufacture of generators/generating sets Manufacture of primary cells and primary batteries: cells containing manganese oxide, mercuric oxide, silver oxide or other material
1.07%
18,753
2.84%
1,025 5,778
0.16% 0.87%
11,915
1.80%
4,709 4,723 7,014 2,411
0.71% 0.72% 1.06% 0.37%
7,038 4,918
1.07% 0.74%
4,840
0.73%
4,788
0.72%
23,618 3,662 4,712 38,410
3.58% 0.55% 0.71% 5.82%
9,491 4,829
1.44% 0.73%
4,910
0.74%
4,923
0.75%
149

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Classic Opportunities Fund 9,415 % of Total Funds Industry Classic Opportunities Fund 38,880 410 4,827 9,626 24,680 138,026 660,392 Pension Classic Opportunities Fund 523 % of Total Funds 5.89% 0.06% 0.73% 1.46% 3.74% 20.90% 100.00% % of Total Funds
Manufacture of jeeps and station wagons Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520) Manufacture of gold jewellery: gold, silver and other precious metal jewellery; precious and semi-precious stone jewellery; gold and silver articles including presentation coins but not the coin used as a legal tender Generation and transmission of electricity: hydro-electric power plants Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Manufacture of gas; distribution of gaseous fuels through mains Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Retail sale in non-specialized stores with food, beverages or tobacco predominating [Includes mainly the socalled general stores which have, apart from their main sales of groceries, several other lines of merchandise such as cosmetics, clothing etc.] Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc.
Activities of hire - purchase financing 1.43% Activities of Mutual Funds including Unit Trust of India Real estate activities with own or leased property n.e.c. 7,288 1.10% News agency activities Government of India Net Assets Grand Total Industry
4,798 18,975
0.73% 2.87%
Others 6,451 7,169 0.98% 1.09% Off shore extraction of petroleum Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included]. Manufacture of malted foods including food for infants and invalids Distilling, rectifying and blending of spirits; ethyl alcohol production from fermented materials n.e.c. (other than soft drinks, mineral water & wine) Manufacture of malt liquors other than beer 18,504 2.80% Manufacture of cigarette and cigarette tobacco Publishing of newspapers. Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) 0.76%
65 421
0.09% 0.61%
16,513
2.50%
345 338 512 176
0.50% 0.49% 0.75% 0.26%
4,895
0.74%
9,612
1.46%
1,724
2.52%
150

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Pension Classic Opportunities Fund 261 345 2,789 % of Total Funds Industry Pension Classic Opportunities Fund % of Total Funds
Manufacture of basic organic chemicals n.e.c. Manufacture of paints, varnishes, enamels or lacquers Manufacture of allopathic pharmaceutical preparations Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of semi -finished stainless steel of these shapes Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacturing of Zinc (includes basic processing, smelting, refining for production of base metal; its further processing and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Casting of iron and steel Manufacture of steam or other vapour generating boilers and hot water boilers other than central heating boilers Manufacture of reciprocatory or rotary spark-ignition or compression-ignition internal combustion piston engines for use in moving or stationary applications other than for motor-vehicles or aircraft propulsion.
0.38% 0.50% 4.07%
Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. Manufacture of generators/generating sets Manufacture of primary cells and primary batteries: cells containing manganese oxide, mercuric oxide, silver oxide or other material Manufacture of jeeps and station wagons Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520) Manufacture of gold jewellery: gold, silver and other precious metal jewellery; precious and semi-precious stone jewellery; gold and silver articles including presentation coins but not the coin used as a legal tender Generation and transmission of electricity: hydro-electric power plants
696 353
1.02% 0.51%
359 515
0.52% 0.75%
359 688
0.52% 1.00%
1,360
1.99%
532
0.78%
869
1.27%
348 1,372 524
0.51% 2.00% 0.76%
503 360
0.73% 0.52%
Manufacture of gas; distribution of gaseous fuels through mains Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.]
1,205
1.76%
353
0.52%
350
0.51%
1,334
1.95%
151

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Pension Classic Opportunities Fund % of Total Funds Industry Canara Bank CD - 11.10.2010 Central Bank of India CD - 04.10.2010 Corporation Bank CD - 21.02.2011 HDFC Bank Ltd ICICI Bank Ltd 357 0.52% Oriental Bank of Commerce CD 20.08.2010 Oriental Bank of Commerce CD 22.10.2010 Punjab National Bank 702 1.02% State Bank of Bikaner & Jaipur CD -04.03.11 State Bank of Bikaner & Jaipur CD 04.01.2011 State Bank of Hyderabad CD 04.01.2011 State Bank of India 353 0.51% State Bank of Mysore CD - 07.10.2010 State Bank of Patiala CD - 15.11.2010 5,176 703 1,875 29,960 68,514 Dynamic Floor Fund 7.55% 1.03% 2.74% 43.73% 100.00% % of Total Funds State Bank of Travancore CD 09.03.2011 Total Activities of hire - purchase financing 10.25% HDFC 2012 - 29.05.12 Industry Monetary intermediation of commercial banks, saving banks and discount houses 10.50% SBI 12042007 9.15% SBP Perpetual Bond 9.20% BOB Perpetual Bond09.10.2019 Axis Bank Ltd Bank of Baroda CD - 15.02.2011 Bank of India CD - 11.03.2011 1,874 5,096 46,183 34,134 97,560 50,126 0.05% 0.13% 1.14% 0.85% 2.42% 1.24% 10.35% HDFC 2017 - 16.05.17 10.95% REC - 14.08.11 11.25% HDFC - 04.09.18 11.40% PFC - 28.11.13 11.50% REC - 26.11.13 11.75% REC - 03.11.11 12% PFC SLR - 10.02.2012 12.40% Sundaram Fin - 02.08.10 6.90% NHB - 01.09.2012 P-C 11 6.90% NHB P-C - 30.10.2012 3,555 728 15,269 381 3,270 100,309 3,498 36,937 1,399 9,971 103,045 0.09% 0.02% 0.38% 0.01% 0.08% 2.49% 0.09% 0.92% 0.03% 0.25% 2.55% Dynamic Floor Fund 30,953 29,135 55,084 83,367 131,720 45,389 20,227 18,888 28,337 49,222 49,208 76,819 12,179 28,478 50,150 944,128 % of Total Funds 0.77% 0.72% 1.37% 2.07% 3.26% 1.12% 0.50% 0.47% 0.70% 1.22% 1.22% 1.90% 0.30% 0.71% 1.24% 23.40%
Retail sale in non-specialized stores with food, beverages or tobacco predominating [Includes mainly the socalled general stores which have, apart from their main sales of groceries, several other lines of merchandise such as cosmetics, clothing etc.] Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Monetary intermediation of commercial banks, saving banks and discount houses Activities of hire - purchase financing Activities of Mutual Funds including Unit Trust of India Real estate activities with own or leased property n.e.c. Production, supply and documentation of ready-made (non-customized) software News agency activities Government of India Net Assets Grand Total
6,847 2,473 490
9.99% 3.61% 0.72%
152

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry 7.00% PFC P/C 2009 - 24.12.2011 7.20% REC - 17.03.2012 7.20% REC - 17.09.2010 7.24% LIC Housing Finance 23.06.2011 7.40% KMPL - 24.08.2010 7.64% LIC Housing Finance26.02.2012 7.75% REC - 17.11.2012 7.90% REC - 06.10.2012 8.28 IDFC 2011 8.40% HDFC - 08.12.2014 8.49% IRFC - 30.03.2014 8.50% EXIM 2011 - 12.09.2011 8.50% Exim Bank Bonds 2011 8.55% IRFC 2019-15.01.2019 8.60% PFC 2014 - 07.08.2014 8.60% PFC 2024 - 07.08.2024 8.69% IRFC - 07.01.11 8.80% PFC - 15.01.2025 9.32% HDFC - 17.12.12 9.40% NHB - 17.12.2013 9.50% Exim - 12.12.13 9.50% HDFC - 27.02.13 9.50% Nabard - 15.10.12 9.65% NABARD - 12.03.12 HDFC Ltd ZCB - 09.03.2012 Housing Development Finance Corp. Ltd IDFC Ltd Floater Mibor+ 210 bps 28.04.2011 Infrastructure Development Finance Company Ltd Reliance Capital Ltd Total Dynamic Floor Fund 29,086 8,607 7,020 4,009 24,525 5,047 10,014 90,412 3,995 4,968 291 2,660 35,130 6,552 33,149 1,904 4,881 20,222 1,860 8,572 22,683 3,596 31,207 21,431 54,137 85,622 20,080 15,553 11,714 847,289 % of Total Funds 0.72% 0.21% 0.17% 0.10% 0.61% 0.13% 0.25% 2.24% 0.10% 0.12% 0.01% 0.07% 0.87% 0.16% 0.82% 0.05% 0.12% 0.50% 0.05% 0.21% 0.56% 0.09% 0.77% 0.53% 1.34% 2.12% 0.50% 0.39% 0.29% 21.00% Industry Others Off shore extraction of petroleum Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included]. Manufacture of cigarette and cigarette tobacco Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of allopathic pharmaceutical preparations Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.) Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. 103,293 2.56% Dynamic Floor Fund % of Total Funds
5,322 88,464
0.13% 2.19%
243,793 53,659
6.04% 1.33%
34,729
0.86%
43,755
1.08%
117,853
2.92%
68,087
1.69%
57,074
1.41%
153

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Manufacture of electricity distribution and control apparatus [electrical apparatus for switching or protecting electrical circuits (e.g. switches, fuses, voltage limiters, surge suppressors, junction boxes etc.) for a voltage exceeding 1000 volts; similar apparatus (including relays, sockets etc.) for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors.] Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers Manufacture of motor cars Manufacture of jeeps and station wagons Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520) Generation and transmission of electricity: hydro-electric power plants Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Manufacture of gas; distribution of gaseous fuels through mains Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc. Dynamic Floor Fund % of Total Funds Industry Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. 26,409 0.65% Provision of basic telecom services: telephone, telex and telegraph (includes the activities of STD/ISD booths) Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Activities of Mutual Funds including Unit Trust of India 45,791 25,493 27,751 1.13% 0.63% 0.69% Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) Production, supply and documentation of ready-made (non-customized) software Government of India State Government Bonds/Development Loans Net Assets Grand Total Industry 131,362 28,043 3.26% 0.69% Monetary intermediation of commercial banks, saving banks and discount houses Axis Bank Ltd 17,548 0.43% Bank of India CD - 11.03.2011 1,758 3,008 0.92% 1.58% Dynamic Floor Fund % of Total Funds
137,415
3.41%
55,880
1.38%
10,543
0.26%
74,776 4,029
1.85% 0.10%
13,467
0.33%
351,299 218,363 74,296 56,246 4,035,142 Kotak Group Dynamic Floor Fund
8.71% 5.41% 1.84% 1.39% 100.00% % of Total Funds
24,169 104,815
0.60% 2.60%
154

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Group Dynamic Floor Fund 2,504 2,518 4,155 6,317 4,551 3,004 965 5,006 1,459 1,459 5,148 844 389 43,085 % of Total Funds 1.31% 1.32% 2.18% 3.31% 2.39% 1.57% 0.51% 2.62% 0.76% 0.76% 2.70% 0.44% 0.20% 22.58% Industry Kotak Group Dynamic Floor Fund 879 55 254 107 635 2,509 4,165 763 596 20,046 1,151 169 275 5 224 282 37,624 841 2,238 662 51 19 48 435 186 98 3,596 47,904 4,875 % of Total Funds 0.46% 0.03% 0.13% 0.06% 0.33% 1.31% 2.18% 0.40% 0.31% 10.51% 0.60% 0.09% 0.14% 0.00% 0.12% 0.15% 19.72% 0.44% 1.17% 0.35% 0.03% 0.01% 0.03% 0.23% 0.10% 0.05% 1.88% 25.11% 2.55%
Bank of India CD - 18.03.2011 Corporation Bank CD - 21.02.2011 HDFC Bank Ltd ICICI Bank Ltd Oriental Bank of Commerce CD 22.10.2010 PNB CD - 12.08.2010 Punjab National Bank State Bank of Bikaner & Jaipur CD -04.03.11 State Bank of Bikaner & Jaipur CD 04.01.2011 State Bank of Hyderabad CD 04.01.2011 State Bank of India State Bank of Patiala CD - 15.11.2010 Union Bank of India CD - 07.10.2010 Total Activities of hire - purchase financing 10.25% HDFC 2012 - 29.05.12 10.35% HDFC 2017 - 16.05.17 10.95% REC - 14.08.11 11.25% HDFC - 04.09.18 11.40% PFC - 28.11.13 11.50% REC - 26.11.13 11.75% REC - 03.11.11 12% PFC SLR - 10.02.2012 12.40% Sundaram Fin - 02.08.10 7.00% PFC P/C 2009 - 24.12.2011 7.20% REC - 17.03.2012 8.28 IDFC 2011 8.50% EXIM 2011 - 12.09.2011 8.50% Exim Bank Bonds 2011 8.55% IRFC 2019-15.01.2019 8.60% PFC 2014 - 07.08.2014 8.60% PFC 2024 - 07.08.2024
8.69% IRFC - 07.01.11 9.32% HDFC - 17.12.12 9.40% NHB - 17.12.2013 9.50% HDFC - 27.02.13 9.65% NABARD - 12.03.12 HDFC Ltd ZCB - 09.03.2012 Housing Development Finance Corp. Ltd Infrastructure Development Finance Company Ltd Reliance Capital Ltd Total Government of India 10.25% GOI - 30.05.21 6.05% GOI 2019 - 02.02.19 6.49% GOI - 08.06.2015 7.00% GOI Fertilizer Bond - 10.12.22 7.02% GOI - 17.08.2016 7.27% GOI - 03.09.13 7.40% GOI 2012 - 03.05.12
105 22 453 11 97 5,288 104 1,095 41 862 255 118 79 898 144 453 56
0.06% 0.01% 0.24% 0.01% 0.05% 2.77% 0.05% 0.57% 0.02% 0.45% 0.13% 0.06% 0.04% 0.47% 0.08% 0.24% 0.03%
7.40% GOI 2035 - 09.09.35 7.47% OMC GOI Special Bond 07.03.12 7.50% GOI - 10.08.34 7.56% GOI 2014 - 03.11.14 7.59% GOI 2016 7.94% GOI - 24.05.21 8.20% GOI - 15.02.22 8.20% OMC GOI 2023-10.11.23 8.35% GOI - 14.05.22 8.75% GOI - 13.12.2010 Total Others Off shore extraction of petroleum Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included].
229
0.12%
155

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Group Dynamic Floor Fund 4,316 % of Total Funds Industry Kotak Group Dynamic Floor Fund % of Total Funds
Manufacture of cigarette and cigarette tobacco Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, microcrystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of allopathic pharmaceutical preparations Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.) Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler.
2.26%
11,779 2,722
6.17% 1.43%
Manufacture of electricity distribution and control apparatus [electrical apparatus for switching or protecting electrical circuits (e.g. switches, fuses, voltage limiters, surge suppressors, junction boxes etc.) for a voltage exceeding 1000 volts; similar apparatus (including relays, sockets etc.) for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors.] Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-theroad tractors for semi - trailers Manufacture of motor cars Manufacture of jeeps and station wagons Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520)
1,359
0.71%
1,681
0.88%
2,032
1.07%
2,430 1,313 1,390
1.27% 0.69% 0.73%
7,321
3.84%
1,225 5,066
0.64% 2.66%
3,461
1.81%
Generation and transmission of electricity: hydro-electric power plants Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Manufacture of gas; distribution of gaseous fuels through mains Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc.
2,629 1,439
1.38% 0.75%
3,175
1.66%
903
0.47%
156

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Group Dynamic Floor Fund % of Total Funds Industry Kotak Pension Floor Fund 5,035 10,431 15,193 1,513 5,055 2,891 25,028 10,200 18,770 115,654 % of Total Funds 0.92% 1.91% 2.78% 0.28% 0.92% 0.53% 4.57% 1.86% 3.43% 21.12%
Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Provision of basic telecom services: telephone, telex and telegraph (includes the activities of STD/ISD booths) Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Activities of Mutual Funds including Unit Trust of India Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) Production, supply and documentation of ready-made (non-customized) software State Government Bonds/Development Loans Net Assets Grand Total Industry
Corporation Bank CD - 21.02.2011 HDFC Bank Ltd ICICI Bank Ltd Oriental Bank of Commerce CD 20.08.2010 PNB CD - 15.07.2010 6,565 3.44% Punjab National Bank State Bank of Bikaner & Jaipur CD -04.03.11 State Bank of India 3,630 1.90% State Bank of Patiala CD - 15.11.2010 Total 313 0.16% Activities of hire - purchase financing 11.40% PFC - 28.11.13 11.50% REC - 26.11.13 7.20% REC - 17.03.2012 3,789 1,520 1.99% 0.80% 7.24% LIC Housing Finance 23.06.2011 8.40% HDFC - 08.12.2014 8.55% IRFC 2019-15.01.2019 399 0.21% 8.60% PFC 2014 - 07.08.2014 8.80% REC - 17.11.2019 9.50% Exim - 12.12.13 15,319 248 (11,351) 190,813 Kotak Pension Floor Fund 8.03% 0.13% -5.95% 100.00% % of Total Funds Housing Development Finance Corp. Ltd Infrastructure Development Finance Company Ltd Reliance Capital Ltd Total Government of India 6.35% GOI 2020 - 02.01.20 6.90% GOI - 13.07.2019 7.02% GOI - 17.08.2016 7.27% GOI - 03.09.13 7.40% GOI 2012 - 03.05.12 4,541 9,482 2,506 5,008 0.83% 1.73% 0.46% 0.91% 7.47% OMC GOI Special Bond 07.03.12 7.59% GOI 2016 7.94% GOI - 24.05.21
353 12,551 4,726 5,012 6,459 834 11,579 997 4,452 10,173 1,854 1,825 60,816 17,980 18,660 3,885 5,059 6,144 17,019 98 816
0.06% 2.29% 0.86% 0.92% 1.18% 0.15% 2.11% 0.18% 0.81% 1.86% 0.34% 0.33% 11.11% 3.28% 3.41% 0.71% 0.92% 1.12% 3.11% 0.02% 0.15%
Monetary intermediation of commercial banks, saving banks and discount houses Axis Bank Ltd Bank of Baroda CD - 15.02.2011 Bank of India CD - 11.03.2011 Bank of India CD - 18.03.2011
157

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Pension Floor Fund 12,154 342 82,157 15,049 % of Total Funds 2.22% 0.06% 15.01% 2.75% Industry Kotak Pension Floor Fund % of Total Funds
8.20% OMC GOI 2023-10.11.23 9.39% GOI 02-July-2011 Total Others Off shore extraction of petroleum Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included]. Manufacture of cigarette and cigarette tobacco Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of allopathic pharmaceutical preparations Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.) Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings)
Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. Manufacture of electricity distribution and control apparatus [electrical apparatus for switching or protecting electrical circuits (e.g. switches, fuses, voltage limiters, surge suppressors, junction boxes etc.) for a voltage exceeding 1000 volts; similar apparatus (including relays, sockets etc.) for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors.] Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers Manufacture of motor cars
8,996
1.64%
735 11,179
0.13% 2.04%
32,450 7,408
5.93% 1.35%
3,593
0.66%
4,738
0.87%
4,968
0.91%
11,705 3,699 3,510
2.14% 0.68% 0.64%
15,726
2.87%
Manufacture of jeeps and station wagons Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520)
3,399 15,552
0.62% 2.84%
9,355
1.71%
158

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Kotak Pension Floor Fund % of Total Funds Industry Central Bank of India CD - 04.10.2010 Corporation Bank CD - 21.02.2011 8,167 3,934 1.49% 0.72% HDFC Bank Ltd ICICI Bank Ltd Oriental Bank of Commerce CD 20.08.2010 Oriental Bank of Commerce CD 22.10.2010 PNB CD - 12.08.2010 PNB CD - 15.07.2010 Punjab National Bank State Bank of Bikaner & Jaipur CD -04.03.11 17,175 3.14% State Bank of Bikaner & Jaipur CD 04.01.2011 State Bank of Hyderabad CD 04.01.2011 49,059 8.96% State Bank of India State Bank of Travancore CD 09.03.2011 Total 10,804 2,470 1.97% 0.45% Others Off shore extraction of petroleum Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included]. Manufacture of cigarette and cigarette tobacco Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of allopathic pharmaceutical preparations 35,941 2.37% Dynamic Floor Fund II 24,280 30,210 28,745 43,713 5,043 2,528 12,328 910 6,774 37,544 913 507 27,233 20,060 284,273 % of Total Funds 1.60% 1.99% 1.90% 2.88% 0.33% 0.17% 0.81% 0.06% 0.45% 2.48% 0.06% 0.03% 1.80% 1.32% 18.75%
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Manufacture of gas; distribution of gaseous fuels through mains Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Activities of Mutual Funds including Unit Trust of India Production, supply and documentation of ready-made (non-customized) software Net Assets Grand Total Industry Monetary intermediation of commercial banks, saving banks and discount houses 9.85% HDFC Bank 2019 - 17.03.2024 Axis Bank Ltd Bank of Baroda CD - 15.02.2011 Bank of India CD - 18.03.2011
2,457
0.45%
44,797 (2,046) 547,505 Dynamic Floor Fund II
8.18% -0.37% 100.00% % of Total Funds
1,316 30,100
0.09% 1.99%
11 12,130 29,542 1,803
0.00% 0.80% 1.95% 0.12%
84,539 18,873
5.58% 1.24%
159

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.) Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. Manufacture of electricity distribution and control apparatus [electrical apparatus for switching or protecting electrical circuits (e.g. switches, fuses, voltage limiters, surge suppressors, junction boxes etc.) for a voltage exceeding 1000 volts; similar apparatus (including relays, sockets etc.) for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors.] Dynamic Floor Fund II % of Total Funds Industry Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-theroad tractors for semi - trailers Manufacture of motor cars 43,444 2.87% Manufacture of jeeps and station wagons Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520) Generation and transmission of electricity: hydro-electric power plants Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Manufacture of gas; distribution of gaseous fuels through mains Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Dynamic Floor Fund II % of Total Funds
12,196
0.80%
12,228
0.81%
39,791 9,048 9,796
2.62% 0.60% 0.65%
19
0.00%
24,501
1.62%
8,900 38,653
0.59% 2.55%
47,084 9,880
3.11% 0.65%
20,364
1.34%
6,635
0.44%
46,808
3.09%
9,445
0.62%
47,119
3.11%
160

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Activities of hire - purchase financing Activities of Mutual Funds including Unit Trust of India Production, supply and documentation of ready-made (non-customized) software Government of India Net Assets Grand Total Dynamic Floor Fund II % of Total Funds Industry Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included]. Manufacture of cigarette and cigarette tobacco Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of allopathic pharmaceutical preparations Industry Monetary intermediation of commercial banks, saving banks and discount houses Axis Bank Ltd Bank of Baroda CD - 15.02.2011 Central Bank of India CD - 04.10.2010 Corporation Bank CD - 21.02.2011 HDFC Bank Ltd ICICI Bank Ltd Oriental Bank of Commerce CD 20.08.2010 PNB CD - 12.08.2010 Punjab National Bank State Bank of Bikaner & Jaipur CD -04.03.11 State Bank of India State Bank of Travancore CD 09.03.2011 Total Others Off shore extraction of petroleum 6,591 1.91% 2,186 9,283 5,827 2,518 5,275 8,197 1,009 6,029 1,220 7,509 4,927 5,016 58,995 0.63% 2.69% 1.69% 0.73% 1.53% 2.38% 0.29% 1.75% 0.35% 2.18% 1.43% 1.45% 17.10% Pension Floor Fund II % of Total Funds Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.) Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. Pension Floor Fund II % of Total Funds
26,355 141,760 12,170
1.74% 9.35% 0.80%
202 5,395
0.06% 1.56%
106,333 84,975 303,692 1,516,238
7.01% 5.60% 20.03% 100.00%
14,992 3,529
4.35% 1.02%
2,177
0.63%
2,059
0.60%
8,906
2.58%
4,442
1.29%
4,059
1.18%
161

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Manufacture of electricity distribution and control apparatus [electrical apparatus for switching or protecting electrical circuits (e.g. switches, fuses, voltage limiters, surge suppressors, junction boxes etc.) for a voltage exceeding 1000 volts; similar apparatus (including relays, sockets etc.) for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors.] Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-theroad tractors for semi - trailers Manufacture of motor cars Manufacture of jeeps and station wagons Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520) Generation and transmission of electricity: hydro-electric power plants Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Manufacture of gas; distribution of gaseous fuels through mains Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc. Pension Floor Fund II % of Total Funds Industry Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. 1,793 0.52% Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Activities of hire - purchase financing Activities of Mutual Funds including Unit Trust of India Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) 7,377 1,643 1,753 2.14% 0.48% 0.51% Production, supply and documentation of ready-made (non-customized) software Government of India Net Assets Grand Total Industry Monetary intermediation of commercial banks, saving banks and discount houses Axis Bank Ltd 5,572 1,816 1.62% 0.53% Bank of Baroda CD - 15.02.2011 Bank of India CD - 18.03.2011 Canara Bank CD - 08.03.2011 Central Bank of India CD - 04.10.2010 HDFC Bank Ltd 1,162 0.34% ICICI Bank Ltd 1,179 501 7,512 2,354 2,428 2,806 4,306 0.71% 0.30% 4.54% 1.42% 1.47% 1.70% 2.60% Pension Floor Fund II % of Total Funds
8,454
2.45%
13,604
3.94%
4,784 20,673 6,750
1.39% 5.99% 1.96%
66
0.02%
17,293 22,388 110,182 344,934 Guarantee Fund
5.01% 6.49% 31.94% 100.00% % of Total Funds
1,608 6,669
0.47% 1.93%
162

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Punjab National Bank State Bank of Bikaner & Jaipur CD -04.03.11 State Bank of India State Bank of Travancore CD 09.03.2011 Total Government of India 7.27% GOI - 03.09.13 7.40% GOI 2012 - 03.05.12 8.20% GOI - 15.02.22 8.75% GOI - 13.12.2010 Total Others Off shore extraction of petroleum Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included]. Manufacture of cigarette and cigarette tobacco Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of allopathic pharmaceutical preparations Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.) Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers 3,303 2.00% 1,491 19,405 456 514 21,866 0.90% 11.73% 0.28% 0.31% 13.22% Guarantee Fund 671 2,503 2,602 501 27,364 % of Total Funds 0.41% 1.51% 1.57% 0.30% 16.54% Industry Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. Manufacture of electricity distribution and control apparatus [electrical apparatus for switching or protecting electrical circuits (e.g. switches, fuses, voltage limiters, surge suppressors, junction boxes etc.) for a voltage exceeding 1000 volts; similar apparatus (including relays, sockets etc.) for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors.] Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers Guarantee Fund % of Total Funds
4,132
2.50%
2,408
1.46%
2,042
1.23%
125 3,103
0.08% 1.88%
13,179 1,905
7.97% 1.15%
921
0.56%
1,288
0.78%
1,012
0.61%
943
0.57%
163

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Manufacture of motor cars Manufacture of jeeps and station wagons Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520) Generation and transmission of electricity: hydro-electric power plants Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Manufacture of gas; distribution of gaseous fuels through mains Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Activities of hire - purchase financing Activities of Mutual Funds including Unit Trust of India Production, supply and documentation of ready-made (non-customized) software Net Assets Grand Total Guarantee Fund 873 980 % of Total Funds 0.53% 0.59% Monetary intermediation of commercial banks, saving banks and discount houses Axis Bank Ltd Bank of India CD - 18.03.2011 819 3,693 0.49% 2.23% Canara Bank CD - 08.03.2011 Canara Bank CD-10.05.2010 Central Bank of India CD - 04.10.2010 Corporation Bank CD - 21.02.2011 3,813 956 2.30% 0.58% HDFC Bank Ltd ICICI Bank Ltd Oriental Bank of Commerce CD 22.10.2010 PNB CD - 12.08.2010 732 0.44% PNB CD - 15.07.2010 Punjab National Bank State Bank of Bikaner & Jaipur CD -04.03.11 State Bank of Bikaner & Jaipur CD 04.01.2011 4,752 2.87% State Bank of Hyderabad CD 04.01.2011 State Bank of India State Bank of Patiala CD - 15.11.2010 9,689 5.86% State Bank of Travancore CD 09.03.2011 Union Bank of India CD - 07.10.2010 Total 2,538 8,589 8,320 1.53% 5.19% 5.03% Others Off shore extraction of petroleum Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included]. Manufacture of cigarette and cigarette tobacco 7,169 2.07% 2,389 2,734 471 3,594 5,827 2,518 5,739 8,836 2,528 5,007 1,011 1,335 6,508 1,014 1,013 5,356 2,018 2,693 4,857 65,447 0.69% 0.79% 0.14% 1.04% 1.68% 0.73% 1.66% 2.55% 0.73% 1.45% 0.29% 0.39% 1.88% 0.29% 0.29% 1.55% 0.58% 0.78% 1.40% 18.91% Industry Pension Guarantee Fund % of Total Funds
10,773 25,342 165,459
6.51% 15.32% 100.00%
248 5,988
0.07% 1.73%
164

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Pension Guarantee Fund % of Total Funds Industry Pension Guarantee Fund % of Total Funds
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of allopathic pharmaceutical preparations Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.) Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler.
21,400 3,755
6.18% 1.08%
Manufacture of electricity distribution and control apparatus [electrical apparatus for switching or protecting electrical circuits (e.g. switches, fuses, voltage limiters, surge suppressors, junction boxes etc.) for a voltage exceeding 1000 volts; similar apparatus (including relays, sockets etc.) for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors.] Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-theroad tractors for semi - trailers Manufacture of motor cars Manufacture of jeeps and station wagons Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520)
1,883
0.54%
2,393
0.69%
2,348
0.68%
6,882 1,799 1,923
1.99% 0.52% 0.56%
10,323
2.98%
1,697 8,008
0.49% 2.31%
4,849
1.40%
Generation and transmission of electricity: hydro-electric power plants Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Manufacture of gas; distribution of gaseous fuels through mains Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc.
937 1,966
0.27% 0.57%
4,626
1.34%
1,286
0.37%
165

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Pension Guarantee Fund % of Total Funds Industry Peak Guarantee Fund I 1,209 1,446 2,253 1,502 335 2,503 1,397 301 971 18,043 1,817 % of Total Funds 0.74% 0.88% 1.37% 0.92% 0.20% 1.52% 0.85% 0.18% 0.59% 10.99% 1.11%
Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Activities of hire - purchase financing Activities of Mutual Funds including Unit Trust of India Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) Production, supply and documentation of ready-made (non-customized) software Government of India Net Assets Grand Total Industry
Corporation Bank CD - 21.02.2011 HDFC Bank Ltd ICICI Bank Ltd PNB CD - 12.08.2010 Punjab National Bank State Bank of Bikaner & Jaipur CD -04.03.11 State Bank of India State Bank of Travancore CD 09.03.2011 11,285 3.26% Union Bank of India CD - 07.10.2010 Total Others Off shore extraction of petroleum 5,225 24,410 10,400 1.51% 7.05% 3.00% Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included]. Manufacture of cigarette and cigarette tobacco Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of allopathic pharmaceutical preparations Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.) Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers
9,322
2.69%
25 1,460
0.02% 0.89%
3,746
1.08%
22,920 9,644 94,254 346,134 Peak Guarantee Fund I
6.62% 2.79% 27.23% 100.00% % of Total Funds
3,941 939
2.40% 0.57%
Monetary intermediation of commercial banks, saving banks and discount houses Axis Bank Ltd Bank of Baroda CD - 15.02.2011 Bank of India CD - 18.03.2011 Canara Bank CD - 08.03.2011 Central Bank of India CD - 04.10.2010 600 301 2,504 973 1,748 0.37% 0.18% 1.53% 0.59% 1.06%
557
0.34%
552
0.34%
166

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures (Contd.) Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Peak Guarantee Fund I % of Total Funds Industry Peak Guarantee Fund I 452 468 % of Total Funds 0.28% 0.28%
Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. Manufacture of electricity distribution and control apparatus [electrical apparatus for switching or protecting electrical circuits (e.g. switches, fuses, voltage limiters, surge suppressors, junction boxes etc.) for a voltage exceeding 1000 volts; similar apparatus (including relays, sockets etc.) for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors.] Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers
Manufacture of motor cars 2,280 1.39% Manufacture of jeeps and station wagons Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520) 1,213 0.74% Generation and transmission of electricity: hydro-electric power plants Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Manufacture of gas; distribution of gaseous fuels through mains 1,198 0.73% Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Activities of hire - purchase financing Activities of Mutual Funds including Unit Trust of India Production, supply and documentation of ready-made (non-customized) software Government of India Net Assets 455 0.28% Grand Total
439 1,826
0.27% 1.11%
230 507
0.14% 0.31%
286
0.17%
2,232
1.36%
523
0.32%
1,313 6,030 6,240
0.80% 3.67% 3.80%
4,768 16,184 90,168 164,148
2.90% 9.86% 54.93% 100.00%
167

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures NAV Highest Lowest & closing at the end of the year Sr. No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 Fund Name Kotak Guaranteed Money Market Fund Kotak Group Money Market Fund Money Market Fund Pension Money Market Fund II Kotak Dynamic Gilt Fund Kotak Guaranteed Gilt Fund Kotak Pension Gilt Fund Kotak Group Gilt Fund Gilt Fund Kotak Dynamic Bond Fund Kotak Guaranteed Bond Fund Kotak Pension Bond Fund Kotak Group Bond Fund Bond Fund Pension Bond Fund II Kotak Dynamic Floating Rate Fund Kotak Guaranteed Floating Rate Fund Kotak Pension Floating Rate Fund Kotak Group Floating Rate Fund Floating Rate Fund Kotak Group 36M FMP 02/01/2011 Kotak Group 12M FMP 28/03/2009 Kotak Group 36M FMP 12/09/2011 Kotak Group 11M FMP 06/10/2009 Kotak Group 60M FMP 27/11/2013 Kotak Group 50M FMP 27/02/2013 Kotak Group 59M FMP 08/12/2013 Kotak Dynamic Balanced Fund Kotak Guaranteed Balanced Fund Kotak Pension Balanced Fund Kotak Group Balanced Fund Balanced Fund Pension Balanced Fund II Kotak Dynamic Growth Fund Kotak Guaranteed Growth Fund Kotak Pension Growth Fund Kotak Group Growth Fund Highest NAV 17.28 17.12 10.07 10.09 15.09 15.05 15.39 15.43 10.07 16.05 16.00 16.12 16.36 10.13 10.10 14.10 14.13 14.16 14.39 10.05 12.22 12.11 11.01 12.37 11.46 11.52 29.31 26.72 27.18 29.13 10.44 10.22 33.55 30.59 13.02 12.29 Lowest NAV 15.85 15.75 9.99 9.99 14.28 14.27 14.59 14.54 9.99 14.74 14.65 14.76 14.72 9.99 9.99 13.46 13.49 13.55 13.68 9.99 11.31 11.18 10.50 11.26 10.52 10.56 21.80 22.04 22.48 21.96 9.81 9.99 23.75 24.65 10.51 8.55 Closing NAV 17.28 17.12 10.07 10.09 15.08 15.03 15.38 15.42 10.06 16.05 16.00 16.12 16.36 10.13 10.10 14.10 14.13 14.16 14.39 10.05 12.22 12.11 12.37 11.46 11.52 29.20 26.67 27.13 29.03 10.40 10.18 33.36 30.51 12.98
168

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures NAV Highest Lowest & closing at the end of the year Sr. No. 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 Fund Name Kotak Aggressive Growth Fund Kotak Group Agressive Growth Fund Kotak Advantage Multiplier Fund Kotak Advantage Plus Fund Kotak Advantage Fund Kotak Advantage Multiplier Fund II Kotak Advantage Plus Fund II Frontline Equity Fund Pension Frontline Equity Fund Kotak Opportunities Fund Kotak Pension Opportunities Fund Classic Opportunities Fund Pension Classic Opportunities Fund Dynamic Floor Fund Kotak Group Dynamic Floor Fund Kotak Pension Floor Fund Dynamic Floor Fund II Pension Floor Fund II Guarantee Fund Pension Guarantee Fund Peak Guarantee Fund I Highest NAV 33.21 20.42 13.02 13.00 13.10 13.02 13.03 10.18 10.82 19.31 11.06 10.49 10.76 16.17 16.20 10.74 10.19 10.06 10.57 10.12 10.39 Lowest NAV 19.63 12.12 11.02 11.10 11.51 11.01 11.15 9.30 9.95 10.35 10.00 9.55 9.89 13.26 15.41 9.89 9.67 9.59 10.00 9.64 10.00 Closing NAV 32.87 12.95 12.92 12.95 12.95 10.11 10.74 19.17 10.98 10.41 10.68 16.04 16.12 10.56 10.14 10.01 10.52 10.07 10.33
Note: NAV used is before Appropriation and Expropriation.
169

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures Annualised Expense Ratio to Average Daily Assets of the Fund Sr. No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 Fund Name Annualised Expense 15 1 4 22 1,623 4,213 2,287 669 1 2,732 3,899 4,614 8,174 49 4 1,528 3,651 1,229 1,148 186 85 129 531 49 165 3,348 23,821 71,295 8,770 4 1 12,655 331,684 2,496 47 Average Daily Assets of the Funds 2,275 57 1,100 5,993 147,149 382,002 207,306 75,830 388 206,400 294,601 348,612 926,445 12,186 1,467 115,445 275,859 92,826 130,110 50 33,808 10,956 32,326 80,225 7,479 29,981 233,506 1,661,265 4,972,043 795,138 944 496 764,888 20,046,890 150,868 4,111 Annualised Expense Ratio 0.66% 0.88% 1.40% 1.45% 1.10% 1.10% 1.10% 0.88% 1.46% 1.32% 1.32% 1.32% 0.88% 1.46% 1.44% 1.32% 1.32% 1.32% 0.88% 1.18% 0.55% 0.77% 0.78% 0.66% 0.66% 0.55% 1.43% 1.43% 1.43% 1.10% 1.47% 1.41% 1.65% 1.65% 1.65% 1.22%
Kotak Guaranteed Money Market Fund Kotak Group Money Market Fund Money Market Fund Pension Money Market Fund II Kotak Dynamic Gilt Fund Kotak Guaranteed Gilt Fund Kotak Pension Gilt Fund Kotak Group Gilt Fund Gilt Fund Kotak Dynamic Bond Fund Kotak Guaranteed Bond Fund Kotak Pension Bond Fund Kotak Group Bond Fund Bond Fund Pension Bond Fund II Kotak Dynamic Floating Rate Fund Kotak Guaranteed Floating Rate Fund Kotak Pension Floating Rate Fund Kotak Group Floating Rate Fund Floating Rate Fund Kotak Group 36M FMP 02/01/2011 Kotak Group 12M FMP 28/03/2009 Kotak Group 36M FMP 12/09/2011 Kotak Group 11M FMP 06/10/2009 Kotak Group 60M FMP 27/11/2013 Kotak Group 50M FMP 27/02/2013 Kotak Group 59M FMP 08/12/2013 Kotak Dynamic Balanced Fund Kotak Guaranteed Balanced Fund Kotak Pension Balanced Fund Kotak Group Balanced Fund Balanced Fund Pension Balanced Fund II Kotak Dynamic Growth Fund Kotak Guaranteed Growth Fund Kotak Pension Growth Fund Kotak Group Growth Fund
170

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures Annualised Expense Ratio to Average Daily Assets of the Fund Sr. No. 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 3 4 9 14 15 20 32 33 45 46 Fund Name Annualised Expense 51,096 22 2,248 24,828 111 1,700 21,713 168 12 43,550 382 691 46 49,762 423 4,345 1,635 259 103 374 38 48 49 50 52 53 54 55 56 57 58 - Launched on 19/07/2009 - Launched on 16/12/2009 - Launched on 07/01/2010 - Launched on 08/01/2010 - Launched on 13/07/2009 - Launched on 17/12/2009 - Launched on 10/01/2010 - Launched on 07/02/2010 - Launched on 21/12/2009 - Launched on 14/02/2010 24 37 39 42 Average Daily Assets of the Funds 2,895,267 1,887 67,918 750,240 3,571 51,373 656,124 39,775 3,990 1,974,365 24,798 162,892 13,877 2,578,208 135,001 314,812 388,761 80,873 48,947 92,684 18,077 Annualised Expense Ratio 1.76% 1.33% 3.31% 3.31% 3.33% 3.31% 3.31% 1.47% 1.43% 2.21% 2.20% 1.46% 1.43% 1.93% 1.38% 1.92% 1.46% 1.44% 1.45% 1.46% 1.67%
Kotak Aggressive Growth Fund Kotak Group Agressive Growth Fund Kotak Advantage Multiplier Fund Kotak Advantage Plus Fund Kotak Advantage Fund Kotak Advantage Multiplier Fund II Kotak Advantage Plus Fund II Frontline Equity Fund Pension Frontline Equity Fund Kotak Opportunities Fund Kotak Pension Opportunities Fund Classic Opportunities Fund Pension Classic Opportunities Fund Dynamic Floor Fund Kotak Group Dynamic Floor Fund Kotak Pension Floor Fund Dynamic Floor Fund II Pension Floor Fund II Guarantee Fund Pension Guarantee Fund Peak Guarantee Fund I
- Launched on 05/01/2010 - Launched on 28/12/2009 - Launched on 02/02/2010 - Launched on 21/12/2009 - Launched on 14/01/2010 - Launched on 28/12/2009 - Launched on 21/12/2009 - Launched on 24/01/2010 - Launched on 17/12/2009 - Launched on 11/01/2010
- Closed on 06/10/2009 - Closed on 08/03/2010 - Closed on 16/02/2010 - Closed on 10/03/2010
171

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures Gross Income Ratio to Average Daily Assets of the Fund Sr. No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 Fund Name Annualised Income 213 5 16 91 10,614 24,790 14,450 5,325 4 20,988 30,096 36,132 107,879 364 28 7,018 16,742 5,359 7,801 2,920 1,016 1,695 8,524 743 2,968 72,043 350,603 995,426 216,414 63 6 266,891 4,573,674 28,447 Average Daily Assets of the Funds 2,275 57 1,100 5,993 147,149 382,002 207,306 75,830 388 206,400 294,601 348,612 926,445 12,186 1,467 115,445 275,859 92,826 130,110 50 33,808 10,956 32,326 80,225 7,479 29,981 233,506 1,661,265 4,972,043 795,138 944 496 764,888 20,046,890 150,868 Annualised Income Ratio 9.38% 9.26% 6.29% 5.91% 7.21% 6.49% 6.97% 7.02% 6.29% 10.17% 10.22% 10.36% 11.64% 10.81% 9.01% 6.08% 6.07% 5.77% 6.00% 3.27% 8.64% 9.28% 10.24% 10.62% 9.93% 9.90% 30.85% 21.10% 20.02% 27.22% 24.23% 6.36% 34.89% 22.81% 18.86%
Kotak Guaranteed Money Market Fund Kotak Group Money Market Fund Money Market Fund Pension Money Market Fund II Kotak Dynamic Gilt Fund Kotak Guaranteed Gilt Fund Kotak Pension Gilt Fund Kotak Group Gilt Fund Gilt Fund Kotak Dynamic Bond Fund Kotak Guaranteed Bond Fund Kotak Pension Bond Fund Kotak Group Bond Fund Bond Fund Pension Bond Fund II Kotak Dynamic Floating Rate Fund Kotak Guaranteed Floating Rate Fund Kotak Pension Floating Rate Fund Kotak Group Floating Rate Fund Floating Rate Fund Kotak Group 36M FMP 02/01/2011 Kotak Group 12M FMP 28/03/2009 Kotak Group 36M FMP 12/09/2011 Kotak Group 11M FMP 06/10/2009 Kotak Group 60M FMP 27/11/2013 Kotak Group 50M FMP 27/02/2013 Kotak Group 59M FMP 08/12/2013 Kotak Dynamic Balanced Fund Kotak Guaranteed Balanced Fund Kotak Pension Balanced Fund Kotak Group Balanced Fund Balanced Fund Pension Balanced Fund II Kotak Dynamic Growth Fund Kotak Guaranteed Growth Fund Kotak Pension Growth Fund
172

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures Gross Income Ratio to Average Daily Assets of the Fund Sr. No. 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 3 4 9 14 15 20 32 33 45 46 Fund Name Annualised Income 1,445 1,379,845 879 14,102 157,655 748 10,731 129,846 3,947 356 892,432 2,520 17,247 1,290 449,803 1,153 14,395 24,033 3,278 2,192 3,378 267 48 49 50 52 53 54 55 56 57 58 - Launched on 19/07/2009 - Launched on 16/12/2009 - Launched on 07/01/2010 - Launched on 08/01/2010 - Launched on 13/07/2009 - Launched on 17/12/2009 - Launched on 10/01/2010 - Launched on 07/02/2010 - Launched on 21/12/2009 - Launched on 14/02/2010 24 37 39 42 Average Daily Assets of the Funds 4,111 2,895,267 1,887 67,918 750,240 3,571 51,373 656,124 39,775 3,990 1,974,365 24,798 162,892 13,877 2,578,208 135,001 314,812 388,761 80,873 48,947 92,684 18,077 Annualised Income Ratio 37.74% 47.66% 53.12% 20.76% 21.01% 22.37% 20.89% 19.79% 34.50% 40.68% 45.20% 14.49% 36.46% 40.39% 17.45% 3.76% 6.37% 21.49% 18.27% 30.83% 13.17% 11.71%
Kotak Group Growth Fund Kotak Aggressive Growth Fund Kotak Group Agressive Growth Fund Kotak Advantage Multiplier Fund Kotak Advantage Plus Fund Kotak Advantage Fund Kotak Advantage Multiplier Fund II Kotak Advantage Plus Fund II Frontline Equity Fund Pension Frontline Equity Fund Kotak Opportunities Fund Kotak Pension Opportunities Fund Classic Opportunities Fund Pension Classic Opportunities Fund Dynamic Floor Fund Kotak Group Dynamic Floor Fund Kotak Pension Floor Fund Dynamic Floor Fund II Pension Floor Fund II Guarantee Fund Pension Guarantee Fund Peak Guarantee Fund I - Launched on 05/01/2010 - Launched on 28/12/2009 - Launched on 02/02/2010 - Launched on 21/12/2009 - Launched on 14/01/2010 - Launched on 28/12/2009 - Launched on 21/12/2009 - Launched on 24/01/2010 - Launched on 17/12/2009 - Launched on 11/01/2010
- Closed on 06/10/2009 - Closed on 08/03/2010 - Closed on 16/02/2010 - Closed on 10/03/2010
173

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures Fundwise Disclosure of Appreciation/(Depreciation) in value of Investment Segregated Classwise as at 31st March, 2010 Investment Type Sr. No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 Fund Name Corporate Bonds (226) (605) (218) (102) () 1,380 1,437 1,560 3,648 87 6 (196) (508) (142) (233) () 423 796 6,580 312 1,022 349 5,847 3,954 (267) (1) 998 1,400 Equities Government Guaranteed Bonds 17 73 113 (29) (10) (6) (10) 5 7 5 4 (37) 5 (6) (181) (616) (61) (55) (3,655) Government Securities (1,344) (3,139) (1,677) (489) 1 (84) (354) (385) (280) 8 (1) (145) (386) (72) (167) () (252) (3,328) (11,127) (964) () () (328) (19,363) Grand Total (1,554) (3,671) (1,782) (620) 1,286 1,078 1,165 3,373 102 5 (336) (890) (251) (395) () 423 796 6,580 312 1,022 23,540 132,817 377,074 82,235 55 1 106,535 1,923,863
Kotak Guaranteed Money Market Fund Kotak Group Money Market Fund Money Market Fund Pension Money Market Fund II Kotak Dynamic Gilt Fund Kotak Guaranteed Gilt Fund Kotak Pension Gilt Fund Kotak Group Gilt Fund Gilt Fund Kotak Dynamic Bond Fund Kotak Guaranteed Bond Fund Kotak Pension Bond Fund Kotak Group Bond Fund Bond Fund Pension Bond Fund II Kotak Dynamic Floating Rate Fund Kotak Guaranteed Floating Rate Fund Kotak Pension Floating Rate Fund Kotak Group Floating Rate Fund Floating Rate Fund Kotak Group 36M FMP 02/01/2011 Kotak Group 12M FMP 28/03/2009 Kotak Group 36M FMP 12/09/2011 Kotak Group 11M FMP 06/10/2009 Kotak Group 60M FMP 27/11/2013 Kotak Group 50M FMP 27/02/2013 Kotak Group 59M FMP 08/12/2013 Kotak Dynamic Balanced Fund Kotak Guaranteed Balanced Fund Kotak Pension Balanced Fund Kotak Group Balanced Fund Balanced Fund Pension Balanced Fund II Kotak Dynamic Growth Fund Kotak Guaranteed Growth Fund
23,450 130,479 384,863 83,527 56 1 105,920 1,945,481
174

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures Other Disclosures Fundwise Disclosure of Appreciation/(Depreciation) in value of Investment Segregated Classwise as at 31st March, 2010 Investment Type Sr. No. 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 Fund Name Corporate Bonds 18 213 197 1,739 91 59 (2) (1) 450 24 () 1,242 (12) (73) 379 21 (11) 79 11 31,720 Equities Government Guaranteed Bonds 4 (4) (13) (1) (38) (391) 2 15 1 (4,862) Government Securities (548) (75) (173) (1,150) (165) (27) (2) (1) (182) (1) (106) (8) (4,789) (45) (458) 210 (72) (24) 4 (66) (51,554) Grand Total 15,485 609,760 3,969 38,944 2,778 31,335 3,792 342 496,983 1,864 16,084 1,223 117,699 611 5,265 20,405 2,523 1,220 2,641 188 4,025,871
Kotak Pension Growth Fund Kotak Group Growth Fund Kotak Aggressive Growth Fund Kotak Group Agressive Growth Fund Kotak Advantage Multiplier Fund Kotak Advantage Plus Fund Kotak Advantage Fund Kotak Advantage Multiplier Fund II Kotak Advantage Plus Fund II Frontline Equity Fund Pension Frontline Equity Fund Kotak Opportunities Fund Kotak Pension Opportunities Fund Classic Opportunities Fund Pension Classic Opportunities Fund Dynamic Floor Fund Kotak Group Dynamic Floor Fund Kotak Pension Floor Fund Dynamic Floor Fund II Pension Floor Fund II Guarantee Fund Pension Guarantee Fund Peak Guarantee Fund I Grand Total
16,012 609,626 3,946 38,367 2,853 31,303 3,796 343 496,753 1,865 16,166 1,231 121,637 666 5,780 19,816 2,573 1,255 2,558 244 4,050,567
175

for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated)
26. Employee benefits (a) Gratuity In accordance with Payment of Gratuity Act, 1972 the Company provides for gratuity, a defined benefit retirement plan covering all employees. The plan provides a lump sum payment to vested employees at retirement or termination of employment based on the respective employees salary and the years of employment with the Company subject to maximum of Rs. 3.50 lakhs per employee. The gratuity benefit is provided through unfunded plan and annual contributions are charged to profit and loss account. Under the scheme, the settlement obligation remains with the Company. Reconciliation of opening and closing balance of the present value of the defined benefit obligation for gratuity benefits is given below. As of 31st March, 2010 Change in Defined benefit obligations as at Present value of Defined benefit obligations, 1st April Service cost Interest cost Liabilities Assumed on Acquisition/(Settled on Divestiture) Benefits paid Actuarial (gain)/loss on obligations Present value of Defined benefit obligations as at 31st March Reconciliation of present value of the obligation and the fair value of the plan assets Opening Fair Value of Plan assets as at 1st April Contributions by the employer for the year Benefits paid Closing Fair Value of Plan assets Net asset/(liability) as at 31st March Cost recognised for the period Current service cost Interest cost Expected return on plan assets Actuarial (gain)/loss Net gratuity cost Actuarial assumptions used Discount rate Salary escalation rate 8.01% 15% p.a. for first two year, 10.00% p.a for next two years & 6.00% p.a. thereafter. 7.18% 0% p.a. for first year, 10.00% p.a for next two years & 6.00% p.a. thereafter. 23,765 5,410 Nil (10,271) 18,904 19,453 4,381 Nil (2,499) 21,335 Nil 2,072 (2,072) Nil Nil Nil 4,681 (4,681) Nil Nil 52,785 23,765 5,410 2,388 (2,072) (10,271) 72,005 As of 31st March, 2009 35,212 19,453 4,381 919 (4,681) (2,499) 52,785
The estimates of future salary increases, considered in actuarial valuation, take account of inflation, seniority, promotion and other relevant factors such as supply and demand in the employment market. (b) Superannuation The eligible permanent employees of the Company, who have opted for the scheme, are entitled to receive retirement benefits under the superannuation scheme operated by the Company. The contribution for the year amounts to Rs. 3,037 (2009-3,602)
176

(c)
Provident fund IIn accordance with Indian regulations, employees of the Company are entitled to receive benefits under the provident fund, a defined contribution plan, in which, both the employee and the Company contribute monthly at a determined rate. These contributions are made to a recognised provident and administered by a Board of Trustees. The employee contributes 12% of his or her basic salary and the Company contributes an equal amount. The investments of the funds are made according to rules prescribed by the Government of India. The Companys contribution for the year amounts to Rs. 106,741 (2009-111,189)
(d) Accumulated Compensated Absences The Company accrues the liability for compensated absences based on the actuarial valuation as at the balance sheet conducted by an independent actuary. 27. Details of penal actions taken by various Government Authorities (IRDA Cir No.005/IRDA/F&A/CIR/MAY-09 dtd. May 07, 2009) Authority Non-compliance/ Violation Amount Penalty Awarded Nil Nil Nil Nil Nil Penalty Paid Penalty Waived/ Reduced Nil Nil Nil Nil Nil
1. Insurance Regulatory and Development Authority 2. Service Tax Authorities 3. Income Tax Authorities 4. Any other Tax Authorities 5. Enforcement Directorate/Adjudicating Authority/ Tribunal or any Authority under FEMA 6. Registrar of Companies/NCLT/CLB/Department of Corporate Affairs or any Authority under Companies Act, 1956 7. Penalty awarded by any Court/Tribunal for any matter including claim settlement but excluding compensation 8. Securities and Exchange Board of India* 9. Competition Commission of India 10. Any other Central/State/Local Government/Statutory Authority
Nil Nil Nil Nil Nil
Nil Nil Nil Nil Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil Nil Nil
Nil Nil Nil
Nil Nil Nil
Nil Nil Nil
177

28. Statement showing the Controlled Fund (IRDA Cir No: IRDA/F&I/CIR/F&A/045/03/2010 dtd March 17, 2010) (Rs. in crores) 2009-10 1. Computation of Controlled fund as per the Balance Sheet Policyholders Fund (Life Fund) Participating Individual Assurance Individual Pension Any other (Pl. Specify) Non-participating Individual Assurance Group Assurance Individual Annuity Any other (Pl. Specify) Linked* Individual Assurance Group Assurance* Individual Pension Group Superannuation Group Gratuity Any other (Pl. Specify) Funds for Future Appropriations* Total (A) Shareholders Fund Paid up Capital Reserves & Surpluses Fair Value Change Total (B) Misc. expenses not written off Credit/(Debit) from P&L A/c. Total (C ) Total shareholders funds (B+C) Controlled Fund (Total (A+B+C)) 2. Reconciliation of the Controlled Fund from Revenue and Profit & Loss Account Opening Balance of Controlled Fund Add: Inflow Income Premium Income Less: Reinsurance ceded Net Premium Investment Income Other Income Funds transferred from Shareholders Accounts Total Income 2,868.05 18.20 2,849.85 1,061.09 2.90 17.70 3,931.54 2,343.19 35.45 2,307.74 (345.22) 2.86 30.13 1,995.51 3,979.76 3,038.98 510.29 52.14 562.43 (255.12) (255.12) 307.31 6,671.24 510.29 52.14 562.43 (324.34) (324.34) 238.09 3,979.76 4,355.59 790.26 32.66 287.82 205.14 6,363.93 2,446.50 180.60 435.72 108.52 3,741.68 73.11 36.37 33.25 37.70 536.83 46.15 459.60 39.80 2008-09
178

(Rs. in crores) 2009-10 Less: Outgo (i) Benefits paid (Net) (ii) Interim Bonus Paid (iii) Change in Valuation of Liability (iv) Commission (v) Operating Expenses (vi) Provision for Taxation (a) FBT (b) I.T. Total Outgo Surplus of the Policyholders Fund Less: transferred to Shareholders Account Net Flow in Policyholders account Add: Net income in Shareholders Fund Net In Flow / Outflow Add: change in valuation Liabilities Add: Increase in Paid up Capital Closing Balance of Controlled Fund As Per Balance Sheet Difference, if any 3. Reconciliation with Shareholders and Policyholders Fund 3.1 Policyholders Funds - Traditional-PAR and NON-PAR Opening Balance of the Policyholders Fund Add: Surplus of the Revenue Account Add: change in valuation Liabilities Total As per Balance Sheet Difference, if any 3.2 Policyholders Funds - Linked Opening Balance of the Policyholders Fund Add: Surplus of the Revenue Account Add: change in valuation Liabilities Total As per Balance Sheet Difference, if any Shareholders Funds Opening Balance of Shareholders Fund Add: net income of Shareholders account (P&L) Add: Infusion of Capital Closing Balance of the Shareholders fund As per Balance Sheet Difference, if any *Refer Schedule 16 - Note 4 238.09 69.22 307.31 307.31 193.73 14.34 30.02 238.09 238.09 3,171.33 96.63 2,403.51 5,671.47 5,671.47 2,359.04 55.41 756.87 3,171.33 3,171.33 570.35 1.49 120.62 692.46 692.46 486.21 0.10 84.04 570.35 570.35 3,762.58 168.96 70.85 98.11 69.22 4,147.10 2,524.14 6,671.24 6,671.24 2.68 1,919.79 75.72 20.21 55.52 14.34 3,108.83 840.91 30.02 3,979.76 3,979.76 496.68 2,524.14 167.92 573.84 243.04 840.91 225.43 607.72 2008-09
179

29. Debit balance in the Profit & Loss Account (Shareholders Account) The debit balance in Profit and Loss Account (Shareholders Account) as on 31.03.2010 of Rs. 2,551,175 (2009: Rs. 3,243,421) comprises of Unabsorbed Depreciation of Rs. 573,089 (2009: Rs. 573,089) and Accumulated losses of Rs. 1,978,086 (2009: Rs. 2,670,332).
For and on behalf of the Board of Directors Uday Kotak Chairman G. Murlidhar Chief Operating Officer & Company Secretary Mumbai April 27, 2010 Rafael Galdon Vice-Chairman Gaurang Shah Managing Director Dipak Gupta Director Andrew Cartwright Appointed Actuary
180

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Kotak Mahindra Old Mutual Life Insurance Limited

Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d

Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d

Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d

Expenses Ratio: 18.84% 26.08% 24.86% 35.60%

Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d

Management Report for the year ended March 31, 2010

Director Director Director

744.55 392.68 141.30

Director Director Director Director Total

9.23 1.15 0.50 0.33 5378.8

Kotak Mahindra Old Mutual Life Insurance Limited

Uday Kotak Chairman Place : Mumbai Date : April 27, 2010

Gaurang Shah Managing Director

Kotak Mahi ndra O l d Mutual Li fe I nsurance Li mi te d

Kotak Mahi ndra O l d Mutual Li fe I nsurance Li mi te d

Annexure to the Auditors Report

Registration No: 107; Date of Registration: January 10, 2001

Kotak Mahi ndra O l d Mutual Li fe I nsurance Li mi te d

Registration No: 107; Date of Registration: January 10, 2001

Form A-BS Balance Sheet as at March 31, 2010

5,102,902 520,363 5,623,265

Kotak Mahi ndra O l d Mutual Li fe I nsurance Li mi te d

Registration No: 107; Date of Registration: January 10, 2001

Statement of receipts and payments as on March 31, 2010

Registration No: 107; Date of Registration: January 10, 2001

Schedules forming part of the Financial Statements

Kotak Mahi ndra O l d Mutual Li fe I nsurance Li mi te d

Registration No: 107; Date of Registration: January 10, 2001

Schedules forming part of the Financial Statements

Registration No: 107; Date of Registration: January 10, 2001

Schedules forming part of the Financial Statements

Kotak Mahi ndra O l d Mutual Li fe I nsurance Li mi te d

377,614,797 132,675,452 510,290,249

74% 26% 100%

377,614,797 132,675,452 510,290,249

74% 26% 100%

Kotak Mahi ndra O l d Mutual Li fe I nsurance Li mi te d

Registration No: 107; Date of Registration: January 10, 2001

Schedules forming part of the Financial Statements

346,120 533,369 28,102 30,565 2,343,078 14,366 8,824,080 100,216 109,019

145,342 166,284 28,102 13,354 1,507,130 7,670 5,640,906 254,152

413,883 104,399 540,954 54,880 1,323,351 10,147,431

44,707 237,315 100,619 636,793 6,277,699

Registration No: 107; Date of Registration: January 10, 2001

Schedules forming part of the Financial Statements

21,582,144 4,712,547 61,781 1,973,704 8,673,854 1,628,784 43,048,707 64,309 1,380,188

8,735,084 3,299,673 204,253 1,439,624 5,243,722 558,093 22,697,800 324,806 302,111

335,177 942,122 6,669,070 530,516 62,540 1,425,859 11,409,781 54,458,488

300,000 584,793 4,383,351 580,753 1,134,357 7,610,171 30,307,971

Kotak Mahi ndra O l d Mutual Li fe I nsurance Li mi te d

Registration No: 107; Date of Registration: January 10, 2001

Schedules forming part of the Financial Statements

Registration No: 107; Date of Registration: January 10, 2001

Schedules forming part of the Financial Statements

158,862 18,493 18,673 2,237 11,366 209,631 209,631 368,671

** Includes leasehold improvements. Note: Refer Schedule 16 Notes 2(g)

Money at Call and Short Notice

Kotak Mahi ndra O l d Mutual Li fe I nsurance Li mi te d

Registration No: 107; Date of Registration: January 10, 2001

Schedules forming part of the Financial Statements

Registration No: 107; Date of Registration: January 10, 2001