Kotak Mutual Fund

Dear All, India is rewriting its defence playbook—with *innovation, investment, and intent*. 🏭 *Indigenization* replacing imports 📡 Focus on *cutting-edge tech like drones, AI & cyber warfare* 📦 Defence production hitting *new highs* 🌍 *Exports* rising fast 🚀 *Capital expenditure* rising This is more than a strategic shift. It’s a story of *Make in India, future-ready defence systems, and economic momentum*. To know more such insights, click on the below link https://www.kotakmf.com/documents/Defense_Sector_PPT_V1_Final_V1 The sectors mentioned do not constitute any kind of recommendation and are for information purpose only. Kotak Mahindra Mutual Fund may or may not hold position in the mentioned sector(s). Kotak Mahindra Asset Management Company Limited (KAMAMC) is not guaranteeing or promising any returns/futuristic returns. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. Regards, Team Kotak MF

Dear All, *Here's the key highlights from Liquidity Monitor* 🎯 The yield on the 10-year U.S. Treasury remained range-bound this week, as investors weighed rising geopolitical tensions and an uncertain economic outlook. 🎯 U.S. Federal Reserve kept interest rates unchanged and reiterated its forecast of two rate cuts this year. However, it lowered its growth projections while raising inflation expectations — reflecting concerns around a potential stagflation scenario. 🎯 Amid global trade uncertainties, Bank of England held its benchmark rate steady at 4.25%. Bank of Japan also kept its policy rate unchanged at 0.5% and signaled a gradual reduction in government bond purchases starting next year. Click below to read the full report. https://www.kotakmf.com/documents/Liquidity_Monitor_20June2025 MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. Thanks & Regards, Team Kotak MF

Dear All, *Key Highlights From RBI Annual Report 2024-25* 🎯 At 6.5%, India set to remain fastest-growing major economy in FY26 🎯 RBI’s balance sheet grew 8.2% YoY, reaching ₹76.25 lakh crore, led by higher gold and other investment holdings. 🎯 Surplus to the government rose to ₹2.69 lakh crore, up 27.4% compared to the previous year. Click below to read the full report. https://www.kotakmf.com/documents/RBIAnnualReportSummary_29May2025.pdf MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. Thanks & Regards, Team Kotak MF

Dear All, *Here's the key highlights from Liquidity Monitor* 🎯 *GDP growth touched a four-quarter high of 7.4% in the last and final quarter of FY25*, with full-year growth ending at 6.5%, as investment demand, helped by public spending, lifted the economy. 🎯 *Indian government bond yields are set for a third consecutive monthly decline in May*, amid the central bank's continuous liquidity injection and expectations of further monetary policy easing in the coming months. 🎯 *Banking system liquidity in India continues to remain in surplus* owing to various measures undertaken by the RBI. Click below to read the full report. https://www.kotakmf.com/documents/Liquidity%20Monitor%2030May2025 MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. Thanks & Regards, Team Kotak MF

Dear All, Following the Budget 2024 tax amendments, Non-Debt Oriented FoFs enjoy a distinct tax advantage – potentially delivering improved post-tax returns relative to traditional debt funds, which are taxed at the investor’s marginal rate. *Key Fund Features:* 🎯 *60% Debt* – Dynamically managed 🎯 *40% Equity Arbitrage* – No exposure to directional equity; designed to capture market inefficiencies 🎯 *Tax-Efficient Structure* – Aims to enhance post-tax returns compared to conventional debt funds 🎯 *Streamlined Investment Approach* – Professional management adapts seamlessly to evolving market conditions *How Does the Fund Work?* The fund invests in a combination of an Equity Arbitrage Scheme and Debt Schemes of Kotak Mahindra Mutual Fund, ensuring that Debt & Money Market exposure remains below 65% at all times*. This fund is ideally suited for conservative investors, offering a balanced approach that seeks to generate income opportunities with lower risk exposure. *For more details on asset allocation and investment strategy, please refer to the scheme information document (SID) or visit: https://www.kotakmf.com/Information/forms-and-downloads Click below for a detailed leaflet https://kotakmf.com/documents/KotakIncomePlusArbitrageFoF_May.pdf Mutual fund investments are subject to market risks, read all scheme related documents carefully. Thanks & Regards, Team Kotak MF

Dear All, SEBI in its recent circular dated April 22, 2025 has revised the cut off timings for redemption of units in overnight funds which will be effective from June 1, 2025. Click below to know more https://www.kotakmf.com/documents/Kotak%20Overnight%20Fund%20-%20Revision%20in%20cut-off%20timings%20for%20redemption MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. Regards, Team Kotak MF

Dear All, Please click below for an Update on Kotak Equity Arbitrage Fund Post Expiry May 2025. https://www.kotakmf.com/documents/Update%20on%20Kotak%20Equity%20Arbitrage%20Fund_30%20May%202025 Summary of the Note: 1. The *arbitrage spreads* are approximately *6.8% (annualized)* . 2. Maintained cash future *Arbitrage exposure at ~75.35%* . The rest *~24.65%* of corpus is invested in debt and money market instruments. 3. *Volatility is good for Arbitrage funds* as it gives frequent entry and exit opportunities in Arbitrage trades 4. We *maintain a conservative debt portfolio* in terms of credit and duration 5. *Ideal Investment horizon – 3 to 6 months* For a detailed portfolio and related disclosures for the scheme, please refer to our website: https://www.kotakmf.com/Information/forms-and-downloads. The portfolio and its composition are subject to change, and the same position may or may not be sustained in future. The fund manager may make the changes as per different market conditions and in the best interest of the investors. To view the latest complete performance details of the Scheme, kindly refer to the factsheet on our website: https://www.kotakmf.com/Information/forms-and-downloads. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. Regards Team Kotak MF

Dear All, We are pleased to share with you the latest edition of *Bonding with Bonds* — a quick macro update on key developments in the global and Indian bond markets. *This note covers:* 🎯 What’s Driving the Rise in Japanese Bond Yields? 🎯 Key Factors Behind the Surge in U.S. Bond Yields 🎯 Update on RBI Dividend Announcement and Our Domestic Interest Rate View Click below to read the full report. https://www.kotakmf.com/documents/Bonding%20With%20Bonds%20%20Bond%20Market%20Update MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. Thanks & Regards, Team Kotak MF

Dear All, We are pleased to introduce our new monthly series, *Macro Pulse*, designed to keep you informed about key macroeconomic trends. Click below to read the full report. https://www.kotakmf.com/documents/MacroPulse_30May25.pdf MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. Thanks & Regards, Team Kotak MF

Dear All, We are pleased to share our latest presentation on the *Consumption Sector.* *Did you know?* 📊 India is *fifth largest and fastest growing consumption market* in the world* 👦🏻 Gen – Z to lead the way: *47% of workforce by 2035* from 25% in 2025 # 👷‍♂️ India has one of the *largest working age populations* 🏙️ *Nuclearization, Urbanization & Premiumization* to amplify demand 🛍️ Wallet share is shifting towards *discretionary consumption* 🍎 *Apple’s India revenue is now equivalent to India’s largest FMCG company* 🌾 *Rural Economy is showing signs of improvement* 💰 *Lower tax rate, interest rate cuts lowering EMI’s and CPI inflation near 5 years low* are the levers for increase in consumption *To know more such insights, click on this link:* https://www.kotakmf.com/documents/Consumer%20Sector Sources: *UBS, #BCG report. *MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.* Regards, Team Kotak MF