Kotak Gold Silver Passive FOF

SECTION I SCHEME INFORMATION DOCUMENT (SID) KOTAK GOLD SILVER PASSIVE FOF S.O 1> An open-ended fund of fund scheme investing in units of Kotak Gold ETF and Kotak Silver ETF This product is suitable for investors who are seeking*: < S.O 3> Scheme Risk-o-meter# Benchmark (Domestic Price of This product is suitable for Gold & Silver TRI Risk-o-meter) investors who are seeking* • Long term capital growth • To generate long-term capital appreciation from a portfolio created by investing in units of Kotak Gold ETF & Kotak Silver ETF *Investors should consult their financial advisers if in doubt about whether the product is suitable for them #The above product labelling assigned during the New Fund Offer (NFO) is based on internal assessment of the scheme characteristics or model portfolio and the same may vary post NFO when the actual investments are made Offer for Units of Rs 10 each for cash during the New Fund Offer and Continuous offer for Units at NAV based prices New Fund Offer Opens on: _____ New Fund Offer Closes on: ______ Scheme re-opens on or before: _______ Name of Mutual Fund Kotak Mahindra Mutual Fund Name of Asset Management Kotak Mahindra Asset Management Company Ltd Company CIN: U65991MH1994PLC080009 Name of Trustee Company Kotak Mahindra Trustee Company Ltd CIN: U65990MH1995PLC090279 1Address of the Companies 27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai – 400051 Corporate Address of the Asset 2nd Floor, 12-BKC, Plot No. C-12, G-Block, Bandra Kurla Management Company Complex, Bandra East, Mumbai – 400 051 Website www.kotakmf.com The particulars of the Scheme have been prepared in accordance with the Securities and Exchange Board of India (Mutual Funds) Regulations 1996, (herein after referred to as SEBI (MF) Regulations) as amended till date and circulars issued thereunder filed with SEBI, along with a Due Diligence Certificate from the AMC. The units being offered for public subscription have not been approved or recommended by SEBI nor has SEBI certified the accuracy or adequacy of the Scheme Information Document. The Scheme Information Document sets forth concisely the information about the scheme that a prospective investor ought to know before investing. Before investing, investors should also ascertain about any further changes to this Scheme Information Document after the date of this Document from the Mutual Fund / Investor Service Centres / Website / Distributors or Brokers. The investors are advised to refer to the Statement of Additional Information (SAI) for details of Kotak Mahindra Mutual Fund, Standard Risk Factors, Special Considerations, Tax and Legal issues and general information on www.kotakmf.com. SAI is incorporated by reference (is legally a part of the Scheme Information Document). For a free copy of the current SAI, please contact your nearest Investor Service Centre or log on to our website. The Scheme Information Document (Section I and II) should be read in conjunction with the SAI and not in isolation. This Scheme Information Document is dated June 11, 2025. 2TABLE OF CONTENTS SECTION I ...................................................................................................................................................... 1 Part I. HIGHLIGHTS/SUMMARY OF THE SCHEME ................................................................................ 4 DUE DILIGENCE BY THE ASSET MANAGEMENT COMPANY ......................................................... 9 Part II. INFORMATION ABOUT THE SCHEME ..................................................................................... 10 A. How Will The Scheme Allocate Its Assets? ......................................................................................... 10 B. Where Will The Scheme Invest? ........................................................................................................... 13 C. What Are The Investment Strategies? ................................................................................................... 13 D. How Will The Scheme Benchmark Its Performance? ........................................................................... 14 E. Who Manages The Scheme? ................................................................................................................. 14 F. How Is The Scheme Different From Existing Schemes Of The Mutual Fund? .................................... 20 G. How Has The Scheme Performed.......................................................................................................... 20 H. Additional Scheme Related Disclosures ................................................................................................ 20 Part III- OTHER DETAILS .......................................................................................................................... 19 A. Computation Of Nav ............................................................................................................................. 19 B. New Fund Offer (Nfo) Expenses ........................................................................................................... 20 C. Annual Scheme Recurring Expenses ..................................................................................................... 20 D. Load Structure ....................................................................................................................................... 23 Section II ....................................................................................................................................................... 24 I. INTRODUCTION ...................................................................................................................................... 24 A. Definitions/Interpretation ...................................................................................................................... 24 B. Risk Factors ........................................................................................................................................... 24 C. Risk Mitigation Strategies ..................................................................................................................... 27 II. INFORMATION ABOUT THE SCHEME: ......................................................................................... 40 A. Where Will The Scheme Invest – .......................................................................................................... 40 B. What Are The Investment Restrictions? ................................................................................................ 30 C. Fundamental Attributes ......................................................................................................................... 32 D. Other Scheme Specific Disclosures: ...................................................................................................... 33 III. OTHER DETAILS ................................................................................................................................ 43 A. Periodic Disclosures .............................................................................................................................. 43 B. Transparency/NAV Disclosure (Details With Reference To Information Given In Section I) ............. 45 C. Transaction Charges And Stamp Duty .................................................................................................. 46 D. Associate Transactions- ......................................................................................................................... 46 E. Taxation ................................................................................................................................................. 46 F. Rights Of Unitholders- Please Refer To SAI For Details. ..................................................................... 50 G. List Of Official Points Of Acceptance ................................................................................................... 50 H. Penalties, Pending Litigation Or Proceedings, Findings Of Inspections Or Investigations .................. 50 3Part I. HIGHLIGHTS/SUMMARY OF THE SCHEME Sr. No. Title Description I. Name of the scheme Kotak Gold Silver Passive FOF II. Category of the Scheme Fund of Fund (FoF) - Commodity based FoF III. Scheme type An open-ended fund of fund scheme investing in units of Kotak Gold ETF and Kotak Silver ETF IV. Scheme code < S.O 7> To be obtained at the time of launch V. Investment objective To generate long-term capital appreciation from a portfolio created < S.O 5> by investing in units of Kotak Gold ETF & Kotak Silver ETF However, there is no assurance that the investment objective of the scheme will be realized VI. Liquidity/listing details The Scheme offers Units for Subscription and Redemption at NAV based prices on each Business Days on an ongoing basis. Since the Scheme is open-ended, it is not necessary to list the units of the Scheme on any exchange. VII. Benchmark (Total The scheme would be benchmarked against Domestic Price of Gold Return Index) < S.O 25> and Silver. Rationale for adoption of benchmark: The benchmark index is designed to reflect the behavior and performance of the asset class as per asset allocation of the scheme. The composition of the aforesaid benchmark is such that, it is most suited for comparing the performance of the scheme. The AMC/Trustees may change benchmark in future for measuring performance of the scheme and as per the guidelines and directives issued by SEBI from time to time. VIII. NAV disclosure The NAVs of the Scheme will be calculated and disclosed on every Business Day on the website of the Kotak Mahindra Mutual Fund viz www.kotakmf.com and AMFI’s website www.amfiindia.com by 10.00 a.m. of the following business day. For further details, refer Section II. IX. Applicable timelines Dispatch of redemption proceeds The Mutual Fund shall initiate payment of redemption or repurchase proceeds to the unitholders within three working days from the date of redemption or repurchase. In case of exceptional situations listed in AMFI Circular No. AMFI/35P/MEM-COR/74/2022-23 dated January 16, 2023, the scheme shall allowed additional timelines for transfer of redemption or repurchase proceeds to the unitholders. X. Plans and Options Plan- Direct Plan and Regular Plan Plans/Options and sub options under the Scheme Direct Plan: This Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Fund and is not available for investors who route their investments through a Distributor. 4Regular Plan: This Plan is for investors who wish to route their investment through any distributor. Options under each Plan(s) Growth The AMC/Trustee reserve the right to introduce Options(s) as may be deemed appropriate at a later date subject to SEBI (MF) Regulations and circulars issued thereunder from time to time. For detailed disclosure on default plans and options, kindly refer SAI. XI. Load Structure Entry Load: Nil In terms of SEBI Circular No. SEBI/IMD/CIR No. 4/168230/09 dated June 30, 2009, no entry load will be charged on purchase / additional purchase / switch-in. The commission as specified in the aforesaid circular, if any, on investment made by the investor shall be paid by the investor directly to the Distributor, based on his assessment of various factors including the service rendered by the Distributor. Exit Load: Nil Any exit load charged (net off Goods and Services tax, if any) shall be credited back to the Scheme. No exit load will be chargeable in case of switches made between different plans/options of the scheme The AMC reserves the right to change / modify the Load structure of the Scheme, subject to maximum limits as prescribed under the SEBI (MF) Regulations and circulars issued thereunder from time to time. XII. Minimum Application Initial Purchase/Switch in - Rs. 100/- and any amount thereafter Amount/switch in SIP Purchase - Rs. 100/- and any amount thereafter XIII. Minimum Additional Rs. 100/- and any amount thereafter Purchase Amount XIV. Minimum The minimum redemption amount for all plans will be Rs. 100/- or Redemption/switch out account balance, whichever is lower. Switch – The minimum switch amount amount for all the plans will be Rs. 100/ XV. New Fund Offer Period NFO opens on: This is the period during NFO closes on: which a new scheme sells its units to the investors. To effectively manage the fund flows in NFO, the fund manager may extend or shorten the NFO period, based on his view of the market dynamics, availability of assets and his ability to deploy funds collected in NFO. However, the same shall be subject to compliance with Clause 1.10.1 and 1.10.1A of the SEBI Master circular no SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024 5The AMC/ Trustee reserves the right to change the New Fund Offer period, subject to the condition that the New Fund Offer period shall be kept open for a minimum period of 3 working days and not beyond 15 days or such other time period as permissible under SEBI (MF) Regulations. AMC/ Trustee also reserves the right to close the subscription list earlier by giving at least one day’s prior notice. Any such modification shall be announced by way of a notice/ addendum uploaded on website of Kotak Mahindra Mutual Fund i.e. www.kotakmf.com < S.O 34> XVI. New Fund Offer Price: Rs. 10 per unit This is the price per unit that the investors have to pay to invest during the NFO. XVII. Segregated portfolio/side Segregation of portfolio has not been enabled in the scheme. pocketing disclosure For Details, kindly refer SAI < S.O 53> XVIII Swing pricing disclosure Not Applicable XIX. Stock lending/short Stock Lending selling Stock lending has not been enabled in the scheme. Short selling Short Selling has not been enabled in the scheme XX. How to Apply and other Investors should apply through a common application form/online. details < S.O 35> Investors, are requested to go through the Guidelines / instructions in Key Information Memorandum (KIM) cum application form for filling up the application form before investing. The investors signature on the main application form shall be the basis for all future transactions processing. Existing investors can use their Folio number at the time of investing in the same scheme or any scheme of Kotak Mahindra Mutual Fund. All cheques should be crossed "Account Payee Only" and drawn in favour the scheme name in which investment is intended to be made. The investors can submit the Application forms and Key Information Memorandum (along with transaction slip)/ forms for redemption/ switches at the branches of AMC or Investor Service Centres (ISCs)/Official Points of Acceptance (OPAs) of the Registrar (CAMS) or distributors or on the website of Kotak Mahindra Mutual Fund (www.kotakmf.com). Investors are also advised to refer to Statement of Additional Information before submitting the application form. For Further details refer section II. 6XXI. Investor services Contact details for general service requests: 18003091490 / 044-40229101 (Monday to Friday between 9.30am to 6.00 pm & Saturday between 9.30am to 12.30pm) https://www.kotakmf.com/feedback/customer Contact details for complaint resolution: Ms. Sushma Mata, Investor Relations Officer Kotak Mahindra Asset Management Company Limited, 6th Floor, Kotak Towers, Building No.21, Infinity Park, Off: Western Express Highway Goregaon - Mulund Link Road, Malad(East), Mumbai 400097 Phone Number: 18003091490 / 044-40229101 Fax: 6708 2213 e-mail: https://info.kotakmf.com/write-to-us or WhatsApp us by sending us “Hi” at 9321884488. For portfolio valuation, give a missed call to 7039055555 XXII Specific attribute of the Not Applicable scheme (such as lock in, duration in case of target maturity scheme/close ended schemes) (as applicable) XXIII Special product/facility During NFO - Switch-In and Systematic Investment Plan are available during the NFO available during the NFO. and on ongoing basis Note: Investors of Kotak Liquid Fund and Kotak Overnight Fund (Source Schemes), holding units under growth option of any of these specified schemes, have an option to switch-in their units in the Scheme during the NFO period, subject to the terms and conditions mentioned in the Scheme Information Document of the respective schemes. In the event of the withdrawal/cancellation/calling off of the NFO, the switch request submitted by the investor shall not be processed and the investment shall be retained in the source scheme Ongoing Basis: The Following facilities are available under the Scheme. 1. Systematic Investment Plan 2. Systematic Withdrawal Plan 3. Systematic Transfer Plan 4. SIP Top Up Facility 5. SIP Pause Facility 6. Daily frequency under Systematic Transfer Plan Facility (DSTP) 7. Freedom SIP Facility 8. Switching 9. Trigger Facility 10. Variable Transfer Plan (VTP) For further details of above special products / facilities, kindly refer SAI 7XXIV. Weblink Link for Total Expense Ratio (TER) last 6 months, Daily TER as well as - https://www.kotakmf.com/Information/TER Link for scheme factsheet - https://www.kotakmf.com/Information/statutory- disclosure/information 8DUE DILIGENCE BY THE ASSET MANAGEMENT COMPANY It is confirmed that: (i) The Scheme Information Document submitted to SEBI is in accordance with the SEBI (Mutual Funds) Regulations, 1996 and the guidelines and directives issued by SEBI from time to time. (ii) All legal requirements connected with the launching of the Scheme as also the guidelines, instructions, etc., issued by the Government and any other competent authority in this behalf, have been duly complied with. (iii) The disclosures made in the Scheme Information Document are true, fair and adequate to enable the investors to make a well informed decision regarding investment in the Scheme. (iv) The intermediaries named in the Scheme Information Document and Statement of Additional Information are registered with SEBI and their registration is valid, as on date. (v) The contents of the Scheme Information Document including figures, data, yields etc. have been checked and are factually correct (vi) A confirmation that the AMC has complied with the compliance checklist applicable for Scheme Information Documents and other than cited deviations/ that there are no deviations from the regulations (vii) Notwithstanding anything contained in this Scheme Information Document, the provisions of the SEBI (Mutual Funds) Regulations, 1996 and the guidelines there under shall be applicable. (viii) The Trustees have ensured that the KOTAK GOLD SILVER PASSIVE FOF approved by them is a new product offered by Kotak Mahindra Mutual Fund and is not a minor modification of any existing scheme/fund/product. Date: June 11, 2025 Name: Jolly Bhatt Place: Mumbai Designation: Compliance Officer 9Part II. INFORMATION ABOUT THE SCHEME A. HOW WILL THE SCHEME ALLOCATE ITS ASSETS? Indicative allocations (% Instruments of total assets) Minimum Maximum Units of Kotak Gold ETF and Kotak Silver ETF 95 100 Money Market Instruments and Units of debt-oriented schemes * 0 5 *Money Market instruments include commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity up to one year, call or notice money, certificate of deposit, usance bills, tri-party repos, and any other like instruments as specified by the Reserve Bank of India from time to time; Minimum Investment in the underlying funds will be 95% of total assets. The scheme will invest in units of Mutual Fund schemes as per the asset allocation table. *In accordance with clause 4 of Seventh Schedule of SEBI (Mutual Funds) Regulations 1996 scheme may invest in the units of Mutual Fund schemes of Kotak Mahindra Mutual Fund or any other Mutual Fund. As per para 12.24 of SEBI Master circular no SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024, the cumulative gross exposure through units of mutual fund schemes, money market securities and such other securities/assets as may be permitted by the Board from time to time should not exceed 100% of the net assets of the scheme. < S.O 17> Pursuant to para 12.25.3 of SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024, Cash or cash equivalents with residual maturity of less than 91 days may be treated as not creating any exposure. Cash Equivalent shall consist of the following securities having residual maturity of less than 91 days: a) Government Securities; b) T-Bills; and c) Repo on Government securities. < S.O 14> The Scheme shall not invest in: < S.O 18> • Derivatives • Short Selling of Securities • Credit Default Swaps; • Securities lending and borrowing • Debt instruments with special features as referred in Para 9.4, 4.4.4, 12.2 of SEBI Master circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024; and • Securitized debt • Debt instruments having Structured obligations and credit enhancements. • Repo/ reverse repo transactions in corporate debt securities • Units of Real Estate Investment Trusts (REITs), Infrastructure Investment Trusts (InvITs). • ADR/GDR/Overseas securities 10The underlying Funds (Kotak Gold ETF and Kotak Silver ETF) may have exposure in Derivatives including Exchange Traded Commodity Derivatives (ETCDs). Underlying Schemes: • Kotak Gold ETF; • Kotak Silver ETF; and any other commodity that may be permitted by SEBI from time to time Apart from the investment restrictions prescribed under SEBI (MF) Regulations, the fund follows certain internal norms vis-à-vis limiting exposure to a particular scrip, issuer or sector, etc. within the mentioned restrictions, and these are subject to review from time to time. < S.O 19> Indicative Table (Actual instrument/percentages may vary subject to applicable SEBI circulars) < S.O 18> Sr. Type of Instrument Percentage of exposure (Maximum) Circular No. references* 1 Units of ReITS and InVITS The Scheme shall not invest in Units of ReITS N.A. and InVITS. 2 Securities Lending & Borrowing. The Scheme shall not engage in securities N.A lending & Borrowing. 3 Securitized Debt The Scheme shall not invest in securitized debt. N.A 4 Investment in debt instruments The Scheme shall not invest in credit N.A having structured obligations / enhancements or structured obligations. credit enhancements 5 Short Selling The Scheme shall not invest in Short Selling. N.A 6 Credit Default Swaps The Scheme shall not invest in Credit default N.A swaps 7 Debt instruments with special The Scheme shall not invest Debt instruments N.A features with special features. 8 Derivatives The Scheme shall not invest in Derivatives N.A 9 ADR/GDR/Overseas securities. The Scheme shall not invest in N.A. ADR/GDR/Overseas Securities 10 Repos/ Reverse repo in corporate The Scheme shall not invest in Repos/ Reverse N.A. debt securities repo in corporate debt securities Portfolio Rebalancing: < S.O 22, 24 > As per para 2.9 of SEBI Master circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024, in the event of any deviation from mandated asset allocation mentioned above, due to passive breaches, rebalancing period will be Thirty (30) business days. In case the portfolio is not rebalanced within Thirty (30) business days, justification in writing, including details of efforts taken to rebalance the portfolio shall be placed before the Investment Committee. The Investment Committee, if so desired, can extend the timelines up to sixty (60) business days from the date of completion of mandated rebalancing period. In case the portfolio of the scheme is not rebalanced within the aforementioned mandated plus extended timelines, the AMC shall not launch any new scheme till the time the portfolio is rebalanced and also not levy exit load, if any on the investors exiting the Scheme. However, at all times the portfolio will adhere to the overall investment objective of the Scheme. As per SEBI Circular SEBI/HO/IMD/IMD-PoD-1/P/CIR/2025/23 dated February 27, 2025, the scheme shall deploy the funds garnered in an NFO within 30 business days from the date of allotment of units. In an 11exceptional case, if the AMC is not able to deploy the funds in 30 business days, reasons in writing, including details of efforts taken to deploy the funds, shall be placed before the Investment Committee of the AMC. The Investment Committee, if so desired, can extend the timelines up to sixty (60) business days from the date of completion of mandated deployment period. Short Term Defensive Consideration < S.O 23, 24> As per Para 1.14.1.2 of SEBI Master circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024, the asset allocation pattern indicated above may change for a short term period on defensive considerations, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors. These proportions may vary depending upon the perception of the Fund Manager, the intention being at all times to seek to protect the interests of the Unit holders. In case of any deviation, the portfolio shall be rebalanced within 30 calendar day. 12B. WHERE WILL THE SCHEME INVEST? < S.O 29> The Scheme shall invest in the following securities as per the limits specified in the asset allocation table of Scheme, subject to SEBI (MF) Regulations. a. Units of Kotak Gold ETF and Kotak Silver ETF b. Reverse repos in such Government Securities as may be permitted by RBI c. Triparty repo on Government securities or treasury bills d. Short Term Deposits of banks (both public and private sector) and development financial institutions to the extent permissible under SEBI Regulations; e. Money Market instruments like commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity up to one year, call or notice money, certificate of deposit, usance bills, and any other like instruments as specified by the Reserve Bank of India from time to time f. Units of Kotak Liquid Fund and Kotak Overnight Fund; Note: The scheme will invest in direct plans of underlying schemes, if available or the best vehicle option in the interest of unit holders as per fund manager The securities/debt instruments mentioned above could be listed or unlisted, secured or unsecured, rated and of varying maturities and other terms of issue. The securities may be acquired through Initial Public Offerings (IPOs), secondary market operations, private placement, rights offer or negotiated deals as per SEBI (MF) regulation. The Schemes may also enter into repurchase and reverse repurchase obligations in all securities held by it as per guidelines/regulations applicable to such transactions. Transfer of investments from one scheme to another scheme in the same Mutual Fund, shall be allowed, in lines with para 12.30 of SEBI Master circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024. < S.O 30> C. WHAT ARE THE INVESTMENT STRATEGIES? < S.O 27> Subject to the Regulations and other prevailing laws as applicable, the scheme is an passive investment strategy is aimed at optimizing risk adjusted return through investments in units of Kotak Gold ETF & Kotak Silver ETF The allocation will be based on an in-house model using the Gold and Silver prices. However, the fund manager retains the discretion to adjust the allocation based on other relevant macro factors. The scheme may invest in Money Market Instruments & Units of Mutual Fund primarily for Liquidity purposes as well as for the purpose of meeting redemptions< S.O 21> Portfolio Turnover: Portfolio Turnover is a term used to measure the volume of trading that occurs in a Scheme's portfolio during a given time period. The scheme being an open-ended scheme, it is expected that there would be frequent subscriptions and redemptions. Hence, it is difficult to estimate with any reasonable measure of accuracy, the likely turnover in the portfolio. If trading is done frequently there may be an increase in transaction cost such as brokerage paid etc. The fund manager shall endeavour to optimize portfolio turnover to maximize gains and minimize risks keeping in mind the cost associated with it. The Scheme has no specific target relating to portfolio turnover. 13D. HOW WILL THE SCHEME BENCHMARK ITS PERFORMANCE? < S.O 25> The performance of the Scheme is measured against Domestic Price of Gold and Silver Rationale for adoption of benchmark: The benchmark index is designed to reflect the behavior and performance of the asset class as per asset allocation of the scheme. The composition of the aforesaid benchmark is such that, it is most suited for comparing the performance of the scheme. The AMC/Trustees may change benchmark in future for measuring performance of the scheme and as per the guidelines and directives issued by SEBI from time to time. E. WHO MANAGES THE SCHEME? < S.O 33> Mr. Rohit Tandon will be the dedicated fund manager of the Scheme. Mr. Abhishek Bisen will be the Fund Manager for Units of debt-oriented schemes and Money Market Instruments. Name Age Qualification Business Experience Schemes Managed Mr. Rohit 48 B.E.(Mechanical) Mr. Rohit has over 19 years of • Kotak Quant Fund Tandon years Punjab University experience in equity research and • Kotak Balanced Chandigarh & fund management. Prior to Advantage Fund PGDM (IIM joining KMAMC he was the • Kotak Bluechip Fund Bangalore) Head (Equities) at Reliance Nippon Life Insurance. Before that he has worked with Max Life Insurance as Senior Fund Manager (Equities) for 14 years. He has also worked as a sell-side analyst in Power, Infrastructure & Capital Goods sectors in JP Morgan India for 4 years Mr. 46 B A Management, Mr. Abhishek Bisen has been • Kotak Equity Hybrid Abhishek Years MBA Finance associated with the company Fund Bisen EPAF- IIM-C since October 2006 and his key • Kotak Debt Hybrid responsibilities include fund Fund management of debt schemes. • Kotak Bond Fund Prior to joining Kotak AMC, • Kotak Gilt Fund Abhishek was working with • Kotak Equity Savings Securities Trading Corporation Fund of India Ltd where he was • Kotak Gold Fund looking at Sales & Trading of • Kotak Multi Asset Fixed Income Products apart Allocator Fund of from doing Portfolio Advisory. Fund – Dynamic His earlier assignments also • Kotak Gold ETF include 2 years of merchant • Kotak Balanced banking experience with a Advantage Fund leading merchant banking firm. • Kotak NASDAQ 100 FUND OF FUND • Kotak Multicap Fund 14• Kotak NIFTY Alpha 50 ETF • Kotak NIFTY 50 Index Fund • Kotak Nifty Midcap 50 ETF • KOTAK NIFTY SDL APR 2027 TOP 12 EQUAL WEIGHT INDEX FUND • KOTAK NIFTY SDL APR 2032 TOP 12 EQUAL WEIGHT INDEX FUND • Kotak Manufacture in India Fund • Kotak Nifty India Consumption ETF • Kotak Nifty MNC ETF • Kotak Nifty 100 Low Volatility 30 ETF • Kotak Banking and PSU Debt Fund • Kotak Bond Short Term Fund • Kotak Dynamic Bond Fund • Kotak Business Cycle Fund • Kotak Income Plus Arbitrage FOF • Kotak Nifty SDL JUL 2026 INDEX FUND • Kotak Silver ETF • Kotak Silver ETF Fund Of Fund • Kotak Banking and Financial Services Fund • Kotak Nifty SDL JUL 2033 INDEX FUND • Kotak Nifty 200 Momentum 30 Index Fund • Kotak Nifty Financial Services Ex-Bank Index Fund • Kotak BSE Housing Index Fund • Kotak Quant Fund 15• Kotak Multi Asset Allocation Fund • KOTAK NIFTY SDL PLUS AAA PSU BOND JUL 2028 60:40 INDEX FUND • Kotak Nifty 1D Rate Liquid ETF • Kotak Nifty Smallcap 50 Index Fund • Kotak Nifty G-sec July 2033 Index Fund • Kotak Consumption Fund • Kotak Healthcare Fund • Kotak Technology Fund • Kotak Long Duration Fund • Kotak Nifty AAA Bond Jun 2025 HTM Index Fund • Kotak Nifty India Tourism Index Fund • Kotak CRISIL-IBX AAA Financial Services Index – Sep 2027 Fund. • Kotak Nifty Midcap 150 Momentum 50 Index Fund • Kotak Nifty 100 Low Volatility 30 Index Fund • Kotak Special Opportunities Fund • Kotak BSE PSU Index Fund • Kotak Nifty Midcap 50 Index Fund • Kotak MNC Fund • Kotak Transportation & Logistics Fund • Kotak MSCI India ETF • Kotak Nifty 100 Equal Weight ETF • Kotak Nifty Midcap 150 ETF • Kotak Nifty 50 Equal Weight Index Fund 16• Kotak Nifty 100 Equal Weight Index Fund • Kotak Nifty Smallcap 250 Index Fund • Kotak BSE Sensex Index Fund • Kotak Nifty Commodities Index Fund • Kotak Nifty Midcap 150 Index Fund • Kotak CRISIL-IBX AAA Bond Financial Services Index – Dec 2026 Fund • Kotak Nifty Top 10 Equal Weight Index Fund • Kotak Energy Opportunities Fund F. HOW IS THE SCHEME DIFFERENT FROM EXISTING SCHEMES OF THE MUTUAL FUND? The list of existing schemes under Fund of Fund schemes are given below: 1. Kotak Multi Asset Allocator Fund of Fund – Dynamic 2. Kotak Global Emerging Market Fund 3. Kotak Gold Fund 4. Kotak International REIT FOF 5. Kotak Silver ETF Fund of Fund 6. Kotak Income plus Arbitrage FOF 7. Kotak Global Innovation Fund of Fund 8. Kotak NASDAQ 100 Fund of Fund The detailed comparative table will be available in the given link: https://www.kotakmf.com/Information/statutory-disclosure/disclosuresrelatedtosidandkim G. HOW HAS THE SCHEME PERFORMED This is a new scheme and does not have any performance track record. 17H. ADDITIONAL SCHEME RELATED DISCLOSURES Since the scheme is a new fund to be launched, the following disclosures are not applicable. i. Scheme’s portfolio holdings: Not Applicable ii. Portfolio Disclosure – Not Applicable iii. Portfolio Turnover Rate: Not Applicable iv. Aggregate investment in the Scheme by Concerned Scheme Fund Managers: Not Applicable For any other disclosure w.r.t investments by key personnel and AMC directors including regulatory provisions in this regard kindly refer SAI. v. Investments of AMC in the Scheme: < S.O 58> The AMC may invest in the Scheme subject to the SEBI (MF) Regulations. Under the Regulations, the AMC is not permitted to charge any investment management and advisory services fee on its own investment in the Scheme. Pursuant to Regulation 25(16A) of the SEBI (MF) Regulations, 1996 and para 6.9.3.5 of SEBI Master circular no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024, AMC shall not be required to invest minimum amount as a percentage of AUM in the Scheme Details of Investments of AMC in the Scheme will be available in the given link. -Not Applicable 18Part III- OTHER DETAILS A. COMPUTATION OF NAV The AMC shall compute NAV of the Units of the Scheme by dividing the net assets of the Scheme by the number of Units outstanding on the valuation date. The AMC shall value its investments according to the valuation norms (Valuation Policy includes computation of NAV in case of investment in foreign securities), as specified in the Eighth Schedule of the Regulations, or such guidelines / recommendations as may be specified by SEBI from time to time. The broad valuation norms are detailed in the Statement of Additional Information. NAV of Units under the Scheme will be calculated as shown below: Market or Fair Current assets Current Liabilities NAV Value of + including Accrued - and provisions = Scheme’s Income including accrued investments expenses No. of Units outstanding under the Scheme/Option. The NAVs of the Scheme and repurchase price of units will be calculated and disclosed on every Business Day on the website of the Kotak Mahindra Mutual Fund viz www.kotakmf.com and AMFI’s website www.amfiindia.com by 10.00 a.m. of the following business day. The NAV shall be computed up to three decimals. The NAV of Direct Plan will be different than the NAV of Regular Plan. The income earned and the profits realized in respect of the Units issued under the Growth Option remain invested and are reflected in the NAV of the Units. Illustration for Computation of NAV: < S.O 42> Current Market or Fair Liabilities and Current assets Value of provisions including Scheme’s including Accrued Income investments accrued NAV= + - expenses No. of Units outstanding under the Scheme/Option. 10.109= 10,01,00,000.00 + 10,00,000.00 - 10,000.00 10,10,90,000.00 1,00,00,000.00 1,00,00,000.00 As required under the Regulations, the asset management company shall ensure that the repurchase price of an open ended scheme shall not be lower than 95% of the Net Asset Value. For other details such as policies w.r.t computation of NAV, rounding off, investment in foreign securities, procedure in case of delay in disclosure of NAV etc. refer to SAI. 19B. NEW FUND OFFER (NFO) EXPENSES These expenses are incurred for the purpose of various activities related to the NFO like sales and distribution fees paid, marketing and advertising, registrar expenses, printing and stationary, bank charges etc. The AMC shall ensure that no NFO expenses will be charged to the Scheme. C. ANNUAL SCHEME RECURRING EXPENSES These are the fees and expenses for operating the scheme. These expenses include Investment Management and Advisory Fee charged by the AMC, Registrar and Transfer Agents’ fee, marketing and selling costs etc. as given in the table below: The total expense ratio of the scheme including weighted average of the total expense ratio levied by the underlying scheme(s) shall not exceed 1.00 per cent of the daily net assets of the scheme. Investors are requested to note that they will be bearing the recurring expenses of the fund of funds scheme, in addition to the expenses of underlying schemes in which the fund of funds scheme makes investments Provided that the total expense ratio to be charged over and above the weighted average of the total expense ratio of the underlying scheme shall not exceed two times the weighted average of the total expense ratio levied by the underlying schemes subject to the overall ceilings as stated under Regulation 52(6)(a). < S.O 45> Total Expense Ratio for the scheme Expenses Structure % of daily Net Assets for Regular Plan of Kotak Gold Silver Passive FOF Investment Management and Advisory Fees Audit fees/fees and expenses of trustees Upto 1.00% Custodial Fees Registrar & Transfer Agent Fees including cost of providing account statements / IDCW / redemption cheques/ warrants Marketing & Selling Expenses including Agents Commission and statutory advertisement Costs related to investor communications Costs of fund transfer from location to location Cost towards investor education & awareness < S.O 43> Brokerage & transaction cost pertaining to distribution of units Goods & Services Tax on expenses other than investment and advisory fees Goods & Services Tax on brokerage and transaction cost Other Expenses (to be specified as per Reg 52 of SEBI MF Regulations) Maximum Total expenses ratio (TER) permissible under Regulation 52 Upto 1.00% (6) (c) Additional expenses under Regulations 52(6A)(c)# Upto 0.05% Additional expenses for gross new inflows from specified cities Upto 0.30% # The AMC shall not charge additional expenses under Regulation 52(6A)(c) in case exit load is not levied/ 20not applicable With reference to SEBI’s letter no. SEBI/HO/ IMD/ IMD-SEC-3/ P/ OW/ 2023/ 5823/ 1 dated February 24, 2023, and AMFI Circular No. CIR/ ARN-23/ 2022-23 March 07, 2023, the B-30 incentive structure for new inflows has been kept in abeyance with effect from March 01, 2023 till the incentive structure is appropriately re-instated by SEBI with necessary safeguards. Fund of Funds (FoFs) investing more than 80% of its NAV in the underlying domestic funds shall not be required to set aside 2bps of the daily net assets towards investor education and awareness initiatives <S.O 43> Expense Structure for Direct Plan – The annual recurring expenses will be within the limits specified under the SEBI (Mutual Funds) Regulations, 1996. Commission/ Distribution expenses will not be charged in case of Direct Plan. The TER of Direct Plan will be lower than Regular Plan. In terms of the SEBI Circular no. SEBI/HO/IMD/DF2/CIR/P/2018/137 dated October 22, 2018, all fees and expenses charged in a direct plan (in percentage terms) under various heads including the investment and advisory fee shall not exceed the fees and expenses charged under such heads in a regular plan. However, Direct Plan shall have a lower expense ratio than the Regular Plan. The expenses would exclude distribution expenses, commission, etc and no commission for distribution of Units will be paid / charged under Direct Plan. Additional expenses which may be charged to the Scheme< S.O 46> The following additional expenses may be charged to the Schemes under Regulation 52 (6A), namely- • Brokerage and transaction cost incurred for the purpose of execution shall be charged to the schemes (a) upto 12 bps and 5 bps for cash market transactions and derivatives transactions respectively. Any payment towards brokerage & transaction costs, over and above the said 12 bps and 5 bps for cash market transactions and derivatives transactions respectively may be charged to the Scheme within the maximum limit of Total Expense Ratio (TER) as prescribed under Regulation 52 of the SEBI (Mutual Finds) Regulations, 1996. • Expenses not exceeding of 0.30 % of daily net assets, if the new inflows from beyond top 30 cities are at least: (i) 30 % of gross new inflows in the scheme; or (ii) 15 % of the average assets under management (year to date) of the scheme; whichever is higher. Provided that if inflows from such cities is less than the higher of sub-clause (i) or sub- clause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate basis. Provided further that expenses charged under this clause shall be utilized for distribution expenses incurred for bringing inflows from such cities. Provided further that amount incurred as expense on account of inflows from such cities shall be credited back to the scheme in case the said inflows are redeemed within a period of one year from the date of investment. Provided further that the additional TER can be charged based on inflows only from ‘retail investors’ (Para 10.1.3 of SEBI Master Circular no. SEBI/HO/IMD/IMD-PoD1/P/CIR/2024/90 dated June 27, 2024, has defined that inflows of amount upto Rs 2,00,000/- per transaction, by individual investors shall be considered as inflows from “retail investor”) from beyond top 30 cities. Provided that the additional commission for beyond top 30 cities shall be paid as trail only. 21In case inflows from beyond top 30 cities is less than the higher of (i) or (ii) above, additional TER on daily net assets of the scheme shall be charged as follows: Daily net assets X 30 basis points X New inflows from individual investors from beyond top 30 cities ------------------------------------------------------------------------------------------- 365* X Higher of (i) or (ii) above * 366, wherever applicable. Additional expenses upto 0.05% of daily net assets of the schemes, incurred towards different heads mentioned under Regulation 52 (2) and 52 (4). Goods and Services tax: Goods and Services tax on investment and advisory fees may be charged to the scheme in addition to the maximum limit of TER as prescribed in Regulation 52(6)(c). Goods and Services tax on other than investment and advisory fees, if any, shall be borne by the scheme within the maximum limit of TER as per Regulation 52. The aforesaid estimates are made in good faith by the Investment Manager and are subject to change inter se among the various heads of expenses and between the Plans. It may also be noted that the total expenses of the Plans will also be subject to change within the overall limits of expenses under Regulation 52. Actual expenses under any head and / or the total expenses may be more or less than the estimates. The Investment Manager retains the right to charge the actual expenses to the Scheme, however the expenses charged will not exceed the statutory limit prescribed by the Regulations. There will be no sub limit on management fee, and it shall be within the overall TER specified above. Illustration of impact of expense ratio on scheme’s returns: < S.O 44> Particulars Regular Plan Direct Plan Amount Invested at the beginning of the year 10,000 10,000 Annual Returns before Expenses 800 800 Expenses other than Distribution Expenses 75 75 Distribution Expenses / Commission 25 - Returns after Expenses at the end of the Year 700 725 Illustration is given to understand the impact of expense ratio on a scheme return and this should not be construed as an indicative return of the scheme. The expenses of the Direct Plan under the Scheme will be lower to the extent of distribution expenses/ commission. 22D. LOAD STRUCTURE Exit Load is an amount which is paid by the investor to redeem the units from the scheme. Load amounts are variable and are subject to change from time to time. For the current applicable structure, please refer to the website of www.kotakmf.com or may call at 18003091490 or your distributor. Type of Load Load chargeable (as % age of NAV) < S.O 47> Entry * Nil Exit** Nil Units issued on reinvestment of IDCW shall not be subject to entry and exit load. * In terms of Para 10.4 of SEBI Master Circular no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024, no entry load will be charged on purchase / additional purchase / switch-in. The commission as specified in aforesaid circular, if any, on investment made by the investor shall be paid by the investor directly to the Distributor, based on his assessment of various factors including the service rendered by the Distributor. ** Any exit load charged (net off Goods and Services tax, if any) shall be credited back to the Scheme. Any imposition or enhancement of Load in future shall be applicable on prospective investments only. For any change in load structure AMC will issue an addendum and display it on the website/Investor Service Centres. In case of changes in load structure the addendum carrying the latest applicable load structure shall be attached to all KIM and SID already in stock till it is updated. Investors may obtain information on loads on any Business Day by calling the office of the AMC or any of the Investor Service Centers. Information on applicability of loads will also be provided in the Account Statement. As required under the Regulations, the asset management company shall ensure that the repurchase price of an open ended scheme is not lower than 95% of the Net Asset Value. < S.O 47> The investor is requested to check the prevailing load structure of the scheme before investing. 23Section II I. INTRODUCTION A. Definitions/interpretation The detailed definitions/ interpretations refer to the link on website of the mutual fund viz. https://www.kotakmf.com/Information/statutory-disclosure/disclosuresrelatedtosidandkim B. Risk factors< S.O 8> 1. Scheme Specific Risk Factors The Scheme is subject to the specific risks that may adversely affect the Scheme’s NAV, return and / or ability to meet its investment objective. The specific risk factors related to the Scheme include, but are not limited to the following: The Scheme shall invest in the units Kotak Gold ETF & Kotak Silver ETF. The risk factors of the Kotak Gold ETF & Kotak Silver ETF will be relevant and must be treated as risk factors of Kotak Gold Silver Passive FOF. The investors should refer to the Scheme Information Documents and the related addendum for the scheme specific risk factors and special consideration of the respective Underlying Schemes. • The Scheme will predominantly invest in units of Kotak Gold ETF & Kotak Silver ETF. Hence the Scheme’s performance may depend upon the performance of the underlying schemes. Any change in the investment policies or the fundamental attributes of the underlying schemes could affect the performance of the Scheme. • The investors of the Scheme will bear dual recurring expenses and possibly dual loads, viz, those of the Scheme and those of the underlying Scheme. Hence the investor under the Scheme may receive lower pretax returns than what they could have received if they had invested directly in the underlying Schemes in the same proportions. The TER of the Scheme shall be in compliance with the SEBI Mutual Fund Regulations. • The Portfolio disclosure of the Scheme will be limited to providing the particulars of the underlying schemes where the Scheme has invested and will not include the investments made by the underlying Schemes. However, as the scheme proposes to invest in Kotak Gold ETF & Kotak Silver ETF, the underlying assets will by and large be physical gold and physical silver. • The value (price) of gold and silver may fluctuate for several reasons and all such fluctuations will result in changes in the NAV of units under the scheme. The factors that may affect the price of gold and silver, among other things, include demand and supply for gold and silver in India and in the global market, Indian and Foreign exchange rates, Interest rates, Inflation trends, trading in silver as commodity, legal restrictions on the movement/trade of silver that may be imposed by RBI, Government of India or countries that supply or purchase silver to/from India. • The fund assets are predominantly invested in Kotak Gold ETF and Kotak Silver ETF and valued at the market price of the said units on the principal exchange. The same may be at a variance to the underlying NAV of the fund, due to market expectations, demand supply of the units, etc. To that extent the performance of scheme shall be at variance with that of the underlying scheme. • The endeavor would always be to get cash on redemptions from the underlying schemes. However, in case the underlying schemes are unable to sell for any reason, and delivers physical gold and physical silver, there could be delay in payment of redemptions proceeds pending such realization. 24• The fund will subscribe according to the value equivalent to unit creation size as applicable for Kotak Gold ETF and Kotak Silver ETF. Alternatively, the ETF units may be acquired from the stock exchanges where the price quoted may be at variance with the underlying NAV, and which may result in higher acquisition cost. When subscriptions received are not adequate enough to invest in creation unit size, the subscriptions may be deployed in debt and money market instruments which will have a different return profile compared to domestic gold and silver returns profile. 2. Risks associated with Debt / Money Markets (i.e. Markets in which Interest bearing Securities or Discounted Instruments are traded) i. Credit Risk: Securities carry a Credit risk of repayment of principal or interest by the borrower. This risk depends on micro- economic factors such as financial soundness and ability of the borrower as also macro-economic factors such as Industry performance, Competition from Imports, Competitiveness of Exports, Input costs, Trade barriers, Favourability of Foreign Currency conversion rates, etc. Credit risks of most issuers of Debt securities are rated by Independent and professionally run rating agencies. Ratings of Credit issued by these agencies typically range from "AAA" (read as "Triple A" denoting "Highest Safety") to "D" (denoting "Default"), with about 6 distinct ratings between the two extremes. The highest credit rating (i.e. lowest credit risk) commands a low yield for the borrower. Conversely, the lowest credit rated borrower can raise funds at a relatively higher cost. On account of a higher credit risk for lower rated borrowers lenders prefer higher rated instruments further justifying the lower yields. ii. Price-Risk or Interest-Rate Risk: From the perspective of coupon rates, Debt securities can be classified in two categories, i.e., Fixed Income bearing Securities and Floating Rate Securities. In Fixed Income Bearing Securities, the Coupon rate is determined at the time of investment and paid/received at the predetermined frequency. In the Floating Rate Securities, on the other hand, the coupon rate changes - 'floats' - with the underlying benchmark rate, e.g., MIBOR, 1 yr. Treasury Bill. Fixed Income Securities (such as Government Securities, bonds, debentures and money market instruments) where a fixed return is offered, run price-risk. Generally, when interest rates rise, prices of fixed income securities fall and when interest rates drop, the prices increase. The extent of fall or rise in the prices is a function of the existing coupon, the payment-frequency of such coupon, days to maturity and the increase or decrease in the level of interest rates. The prices of Government Securities (existing and new) will be influenced only by movement in interest rates in the financial system. Whereas, in the case of corporate or institutional fixed income securities, such as bonds or debentures, prices are influenced not only by the change in interest rates but also by credit rating of the security and liquidity thereof. Floating rate securities issued by a government (coupon linked to treasury bill benchmark or a real return inflation linked bond) have the least sensitivity to interest rate movements, as compared to other securities. The Government of India has already issued a few such securities and the Investment Manager believes that such securities may become available in future as well. These securities can play an important role in minimizing interest rate risk on a portfolio. iii. Risk of Rating Migration: The following table illustrates the impact of change of rating (credit worthiness) on the price of a hypothetical AA rated security with a maturity period of 3 years, a coupon of 10.00% p.a. and a market value of Rs. 100. If it is downgraded to A category, which commands a market yield of, say, 11.50% p.a., its market value would drop to Rs. 98.76 (i.e. 1.24%) If the security is up-graded to AAA category which commands a market yield 25of, say, 9.60% p.a. its market value would increase to Rs103.48 (i.e. by 3.48%). The figures shown in the table are only indicative and are intended to demonstrate how the price of a security can be affected by change in credit rating. Rating Yield (% Market Value p.a.) (Rs.) AA 11.00 100.00 If upgraded to AAA 9.60 103.48 If downgraded to A 11.50 98.76 iv. Basis Risk: During the life of floating rate security or a swap the underlying benchmark index may become less active and may not capture the actual movement in the interest rates or at times the benchmark may cease to exist. These types of events may result in loss of value in the portfolio. Where swaps are used to hedge an underlying fixed income security, basis risk could arise when the fixed income yield curve moves differently from that of the swap benchmark curve. v. Spread Risk: In a floating rate security the coupon is expressed in terms of a spread or mark up over the benchmark rate. However, depending upon the market conditions the spreads may move adversely or favourably leading to fluctuation in NAV. vi. Reinvestment Risk: Investments in fixed income securities may carry reinvestment risk as interest rates prevailing on the interest or maturity due dates may differ from the original coupon of the bond. Consequently, the proceeds may get invested at a lower rate. vii. Liquidity Risk: The corporate debt market is relatively illiquid vis-a- vis the government securities market. There could therefore be difficulties in exiting from corporate bonds in times of uncertainties. Liquidity in a scheme therefore may suffer. Even though the Government Securities market is more liquid compared to that of other debt instruments, on occasions, there could be difficulties in transacting in the market due to extreme volatility or unusual constriction in market volumes or on occasions when an unusually large transaction has to be put through. In view of this, redemption may be limited or suspended after approval from the Boards of Directors of the AMC and the Trustee, under certain circumstances as described elsewhere in the SAI. 3. Risk Associated with investment in Government securities and Tri-Party Repo on Government securities or treasury bill The mutual fund is a member of securities segment and Triparty repo on Government securities or treasury bills trade settlement of the Clearing Corporation of India (CCIL). All transactions of the mutual fund in government securities and in Triparty repo on Government securities or treasury bills o trades are settled centrally through the infrastructure and settlement systems provided by CCIL; thus reducing the settlement and counter party risks considerably for transactions in the said segments. The members are required to contribute towards margin obligation (Initial / Mark to Market etc.) as per bye- laws of CCIL as also an amount as communicated by CCIL from time to time to the default fund maintained by CCIL as a part of the default waterfall (a loss mitigating measure of CCIL in case of default by any member in discharging their obligation. As per the waterfall mechanism, after the defaulter’s margins and the defaulter’s contribution to the default fund have been appropriated, CCIL’s contribution is used to meet the losses. Post utilization of CCIL’s contribution if there is a residual loss, it is appropriated from the default fund contributions of the non-defaulting members as determined by CCIL. Thus the scheme is subject to risk of the initial margin and default fund contribution being invoked in the event of failure of any settlement obligations. In addition, the fund contribution is allowed to be used to meet the residual loss in case of default by the other clearing member (the defaulting member). 26CCIL maintains two separate Default Funds in respect of its Securities Segment, one with a view to meet losses arising out of any default by its members from outright and repo trades and the other for meeting losses arising out of any default by its members from Triparty repo on Government securities or treasury bills trades. The mutual fund is exposed to the extent of its contribution to the default fund of CCIL, in the event that the contribution of the mutual fund is called upon to absorb settlement/ default losses of another member by CCIL, as a result the scheme may lose an amount equivalent to its contribution to the default fund 4. Risk associated with investing in Units of Mutual Fund Schemes: Investment in units of Mutual Fund scheme involves investment risks such as trading volumes, settlement risk, liquidity risk, default risk including the possible loss of principal. As the price / value / interest rates of the underlying securities in which the mutual fund scheme invests fluctuates, the value of units of mutual fund scheme may go up or down. The value of underlying securities may be affected, inter-alia, by changes in the market, interest rates, changes in credit rating, trading volumes, settlement periods and transfer procedures; the NAV is also exposed to Price/Interest Rate Risk and Credit Risk and may be affected inter-alia, by government policy, volatility and liquidity in the money markets and pressure on the exchange rate of the rupee. Investment in units of mutual fund scheme is also exposed to risk of suspension of subscriptions / redemptions of the units, change in fundamental attributes, application of swing pricing, Segregation portfolios etc. Swing pricing / segregation of portfolios risks may amongst things realise lower and/or nil value on redemption of underlying units. Since the Scheme may invest in schemes of Mutual Funds, scheme specific risk factors of each such mutual fund schemes will be applicable to the Scheme portfolio C. Risk mitigation strategies < S.O 9> Type of Risks Measures/ Strategies to control risks Debt and • Credit Risk: Management analysis will be used for identifying company Money Market specific risks. Management’s past track record will also be studied. In order to instruments assess financial risk a detailed assessment of the issuer’s financial statements will be undertaken. • Price-Risk or Interest-Rate Risk: The Scheme may primarily invest the debt portion of the portfolio in money market instruments, units of Liquid and Overnight schemes thereby mitigating the price volatility due to interest rate changes generally associated with long-term securities. • Risk of Rating Migration: The Scheme may primarily invest the debt portion of the portfolio in short-term money market instruments, units of Liquid and Overnight schemes thereby mitigating the risk of rating migration generally associated with long-term securities • Basis Risk: The debt allocation of scheme is primarily cash management strategy and such strategy returns are expected to reflect the very short term interest rate hence investment is done in short term debt and money market instruments. • Spread Risk: The Scheme may primarily invest the debt portion of the portfolio in short-term money market instruments, units of Liquid and Overnight schemes thereby mitigating the risk of spread expansion which is generally associated with long-term securities • Reinvestment Risk: The debt allocation of scheme is primarily cash management strategy and such strategy returns are expected to reflect the very short-term interest rate hence investment is done in short term debt and money 27market instruments. Reinvestment risks will be limited to the extent of debt instruments, which will be a very small portion of the overall portfolio value. • Liquidity Risk: The Scheme may, however, endeavor to minimize liquidity risk by primarily investing the debt portion of the portfolio in relatively liquid short-term debt & money market instruments, units of Liquid and Overnight schemes. Government As a member of securities segment and Triparty repo segment, maintenance of securities and sufficient margin is a mandatory requirement. CCIL monitors these on a real time Triparty repo basis and requests the participants to provide sufficient margin to enable the trades on etc. Also there are stringent conditions / requirements before registering any Government participants by CCIL in these segments. Since settlement is guaranteed the loss on securities or this account could be minimal though there could be an opportunity loss. treasury bills: Units of Mutual Fund portfolios are generally well diversified and typically endeavor to mutual fund provide liquidly on a T+2 basis and aim to mitigate any risks arising out of underlying schemes investments While these measures are expected to mitigate the above risks to a large extent, there can be no assurance that these risks would be completely eliminated. The measures mention above is based on current market conditions and may change from time to time based on changes in such conditions, regulatory changes and other relevant factors. Accordingly, our investment strategy, risk mitigation measures and other information contained herein may change.in response to the same. 28II. INFORMATION ABOUT THE SCHEME: A. Where will the scheme invest Securities/ Instruments Definitions Securities created and issued by the Government Security (G-Sec) is a tradeable instrument issued by Central and State Governments and/or the Central Government or the State Governments. It acknowledges repos/reverse repos in such Government the Government’s debt obligation. They are generally long term Securities as may be permitted by RBI with maturity of one year or more. In India, the Central Government (including but not limited to coupon issues both, treasury bills and bonds or dated securities while the bearing bonds, zero coupon bonds and State Governments issue only bonds or dated securities, which are treasury bills) called the State Development Loans (SDLs). G-Secs carry practically no risk of default and, hence, are called risk-free gilt- edged instruments. Repos / Reverse Repos enables collateralized short term borrowing and lending through sale/purchase operations in the such government securities. Short Term Deposits of banks (both Short Term Deposits are offered by Scheduled Commercial Banks public and private sector) and (both public and private sector banks) with a fixed/floating interest development financial institutions to the rate and maturity date. extent permissible under SEBI Regulations; Money market instruments permitted by • “Certificate of Deposit” or “CD” is issued by Scheduled SEBI/RBI, having maturities of up to one Commercial Banks (SCBs) and All-India Financial year but not limited to: • Certificate of Institutions. There is a term period of 7 days to 1 year for CDs Deposits (CDs). • Commercial Paper that are issued by SCBs, whereas the term period ranges from (CPs) • Tri-party Repo, Bills re- 1 year to 3 years for CDs issued by financial institutions. CDs discounting, as may be permitted by are usually issued at a discounted rate and redeemed at par. SEBI from time to time. • "Commercial Paper" or "CP" is a short-term instrument issued by corporates and financial institutions CPs are usually issued at a discounted rate and redeemed at par. The tenor of CP ranges from 7 days to 1 year. • Treasury bills or T-bills, which are money market instruments, are short term debt instruments issued by the Government of India and are presently issued in three tenors, namely, 91 day, 182 day and 364 day. Treasury bills are zero coupon securities and pay no interest. Instead, they are issued at a discount and redeemed at the face value at maturity. • Triparty Repo (TREPS) is a type of repo contract where a third entity (apart from the borrower and lender), called a Tri-Party Agent, acts as an intermediary between the two parties to the repo to facilitate services like collateral selection, payment and settlement, custody and management during the life of the transaction. • Repos / Reverse Repos enables collateralized short term borrowing and lending through sale/purchase operations in debt instruments. 29• Bills Re-discounting is an instrument where a financial institution discounts the bills of exchange that it has discounted previously with another financial institution. Units of Mutual Funds Schemes Mutual fund means a fund established in the form of a trust to raise monies through the sale of units to the public or a section of the public under one or more schemes for investing in securities, money market instruments, gold or gold related instruments, silver or silver related instruments, real estate assets and such other assets and instruments as may be specified by the SEBI from time to time: Transfer of investments from one scheme to another scheme in the same Mutual Fund, shall be allowed, in lines with Para 12.30 of SEBI Master Circular no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024 B. What are the investment restrictions? As per the Trust Deed read with the SEBI (MF) Regulations, the following investment restrictions apply in respect of the Scheme at the time of making investments. 1. The Scheme shall not invest in any Fund of Funds Scheme. 2. Transfer of investments from one scheme to another scheme in the same Mutual Fund, shall be allowed only if:- (a) such transfers are made at the prevailing market price for quoted Securities on spot basis (spot basis shall have the same meaning as specified by Stock Exchange for spot transactions.) (b) the securities so transferred shall be in conformity with the investment objective of the scheme to which such transfer has been made. c) the same are in line with Para 12.30 of SEBI Master Circular no. SEBI/HO/IMD/IMD-PoD- 1/P/CIR/2024/90 dated June 27, 2024. 3. Scheme shall not invest its assets other than in schemes of mutual funds, except to the extent of funds required for meeting the liquidity requirements for the purpose of repurchases or redemptions, as disclosed in the Scheme Information Document of fund of funds scheme 4. The Mutual Fund shall buy and sell securities on the basis of deliveries and shall in all cases of purchases, take delivery of relevant securities and in all cases of sale, deliver the securities: • Provided further that sale of government security already contracted for purchase shall be permitted in accordance with the guidelines issued by the Reserve Bank of India in this regard. 5. No loans for any purpose may be advanced by the Mutual Fund and the Mutual Fund shall not borrow except to meet temporary liquidity needs of the Schemes for the purpose of repurchase, redemption of units or payment of interest to Unit Holders, provided that the Mutual Fund shall not borrow more than 20% of the net assets of each of the Schemes and the duration of such borrowing shall not exceed a period of six months. 6. The Mutual Fund shall enter into transactions relating to Government Securities only in Electronic form. 7. The mutual fund shall get the securities purchased / transferred in the name of the mutual fund on account of the concerned scheme, where investments are intended to be of long term nature. 8. Pending deployment of funds of a scheme in terms of investment objectives of the scheme, a mutual fund may invest them in short term deposits of schedule commercial banks, subject to Para 12.16 and 4.5 of SEBI Master Circular no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024, as may be 30amended from time to time. The AMC shall not charge any investment management and advisory fees for parking of funds in such short term deposits of scheduled commercial banks for the scheme. 9. As per Clause 1 of the Seventh Schedule of MF Regulation, the Scheme shall not invest more than 10% of its NAV in debt instruments comprising money market instruments and non-money market instruments issued by a single issuer which are rated not below investment grade by a credit rating agency authorised to carry out such activity under the Act. Such investment limit may be extended to 12% of the NAV of the scheme with the prior approval of the Board of Trustees and the Board of directors of the asset management company. Within the limits specified in clause 1 of the Seventh Schedule of MF Regulation, a mutual fund scheme shall not invest more than: a. 10% of its NAV in debt and money market securities rated AAA issued by a single issuer; or b. 8% of its NAV in debt and money market securities rated AA issued by a single issuer; or c. 6% of its NAV in debt and money market securities rated A and below issued by a single issuer. The above investment limits may be extended by up to 2% of the NAV of the scheme with prior approval of the Board of Trustees and Board of Directors of the AMC, subject to compliance with the overall 12% limit specified in clause 1 of the Seventh Schedule of MF Regulation. The long-term rating of issuers shall be considered for the money market instruments. However, if there is no long-term rating available for the same issuer, then based on credit rating mapping of Credit Rating Agency (CRAs) between short term and long-term ratings, the most conservative long-term rating shall be taken for a given short term rating Provided that such limit shall not be applicable for investments in Government Securities, treasury bills and tri-party repo on Government securities or treasury bills. Provided further that investments within such limit can be made in mortgaged backed securitised debt which are rated not below investment grade by a credit rating agency registered with the Board. Provided further that such limit shall not be applicable for investments in case of debt exchange traded funds or such other funds as may be specified by the Board from time to time. 10. In accordance with the Para 12.1 SEBI Master Circular no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024, investments in following instruments as specified in the said circular, as may be amended from time to time, shall be applicable: The scheme shall not invest in unlisted debt instruments including commercial papers (CPs), other than (a) government securities, (b) other money market instrument and (c) derivative products such as Interest Rate Swaps (IRS), Interest Rate Futures (IRF), etc. which are used by mutual funds for hedging. i. All fresh investments by mutual fund schemes in CPs would be made only in CPs which are listed or to be listed. ii. Further, investment in unrated debt and money market instruments, other than government securities, treasury bills, derivative products such as Interest Rate Swaps (IRS), Interest Rate Futures (IRF), etc. by mutual fund schemes shall be subject to the conditions as specified in the said circular: a. Investments should only be made in such instruments, including bills re-discounting, usance bills, etc., that are generally not rated and for which separate investment norms or limits are not provided in SEBI (Mutual Fund) Regulations, 1996 and various circulars issued thereunder. 31b. Exposure of mutual fund schemes in such instruments shall not exceed 5% of the net assets of the schemes. c. All such investments shall be made with the prior approval of the Board of AMC and the Board of Trustees. The AMC may alter these above stated restrictions from time to time to the extent the SEBI (MF) Regulations change, so as to permit the Scheme to make its investments in the full spectrum of permitted investments for mutual funds to achieve its respective investment objective. The Trustee may from time to time alter these restrictions in conformity with the SEBI (MF) Regulations. All investment restrictions shall be applicable at the time of making investment. Apart from the above investment restrictions, the Scheme follows certain internal norms vis-à-vis limiting exposure to scrips, sectors etc, within the above mentioned restrictions, and these are subject to review from time to time. Modifications, if any, in the Investment Restrictions on account of amendments to the Regulations shall supercede /override the provisions of the Trust Deed. C. Fundamental Attributes < S.O 59> As per para 1.14 of SEBI Master circular no SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024, Following are the fundamental attributes of the schemes, in terms of Regulation 18 (15A) of SEBI (MF) Regulations: (i) Type of the scheme: As mentioned under the heading “Type of the Scheme” of Part I – Sr. No. III (ii) Investment Objective: As mentioned under the heading “Investment Objective” of Part I – Sr. No. V (iii) Investment Pattern: As mentioned under the heading “How will the scheme allocate its assets” of Part II - A (iv) Terms of Issue: • Liquidity provisions such as listing, repurchase, redemption. Investors may refer Part I and Section II under ‘Other Scheme Specific Disclosures’ for detailed information on listing, repurchase and redemption. • Aggregate fees and expenses charged to the scheme. Investors may refer Part III ‘Other Details’. • Any safety net or guarantee provided – Not Applicable In accordance with Regulation 18(15A) of the SEBI (MF) Regulations, the trustees shall ensure that no change in the fundamental attributes of any scheme, the fees and expenses payable or any other change which would modify the scheme and affect the interest of the unit holders is carried out by the asset management company, unless it complies with sub-regulation (26) of regulation 25 of these regulations. In accordance with Regulation 25(26) of the SEBI (MF) Regulations, the asset management company shall ensure that no change in the fundamental attributes of any scheme or the trust, fees and expenses payable or any other change which would modify the scheme and affect the interest of unit holders, shall be carried out unless, • SEBI has reviewed and provided its comments on the proposal • A written communication about the proposed change is sent to each unit holder and an advertisement is issued in one English daily newspaper having nationwide circulation as well as in a newspaper published in the language of region where the Head Office of the mutual fund is situated; and • The Unitholders are given an option for a period of atleast 30 calendar days to exit at the prevailing Net Asset Value without any exit load. 32D. Other Scheme Specific Disclosures: Listing and transfer of units Listing: The Scheme is open-ended in nature. It is not necessary to list the units of the scheme on any exchange. Liquidity is ensured to investors by the purchase and sale of Units from/to the Fund at prices related to the relevant Applicable NAV for the purpose of purchasing or redeeming Units from the Fund. The Trustee, however, has the right to list the Units under the Scheme on any stock exchange/s for better distribution and additional convenience to existing/prospective Unitholders. Even if the Units are listed, the Fund shall continue to offer purchase and redemption facility as specified in this scheme information document. Any listing will come only as an additional facility to investors who wish to use the services of a stock exchange for the purpose of transacting business in the Units of the Scheme. Transfer of units held in Non-Demat [Statement of Account (‘SOA’)] mode: As per the AMFI Best Practices Guidelines Circular No.116 /2024-25 dated August 14, 2024, on ‘Standard Process for Transfer of Units held in Non- Demat (SoA) mode’, units held by individual unitholders in Non Demat (‘SoA’) mode can be transferred only in following cases- i. Surviving joint unitholder, who wants to add new joint holder(s) in the folio upon demise of one or more joint unitholder(s). ii. A nominee of a deceased unitholder, who wants to transfer the units to the legal heirs of the deceased unitholder, post the transmission of units in the name of the nominee. iii. A minor unitholder who has turned a major and has changed his/her status from minor to major, wants to add the name of the parent / guardian, sibling, spouse etc. in the folio as joint holder(s). iv. Investors under Resident/non-resident Individual category Partial transfer of units held in a folio shall be allowed. If the request for transfer of units is lodged on the record date, the IDCW payout/ reinvestment shall be made to the transferor. Redemption of the transferred units shall not be allowed for 10 days from the date of transfer. This will enable the investor to revert in case the transfer is initiated fraudulently. The facility for transfer of units held in SoA mode shall be available only through online mode via the transaction portals of the RTAs and the MF Central, i.e., the transfer of units held in SoA mode shall not be allowed through physical/ paper-based mode or via the stock exchange platforms, MFU, channel partners and EOPs etc. For details, please refer Statement of Additional Information (SAI). Dematerialization of units Unit holders will have an Option to hold the units by way of an Account < S.O 57> Statement or in Dematerialized (‘Demat’) form. Unitholders who wish to trade in units would be required to have a demat account. Unit holders 33opting to hold the units in Demat form must provide their Demat Account details in the specified section of the application form/transaction feed. The Applicant intending to hold the units in Demat form are required to have a beneficiary account with a Depository Participant (DP) registered with NSDL / CDSL and will be required to indicate in the application the DP's name, DP ID Number and the Beneficiary Account Number of the applicant held with the DP at the time of purchasing Units. Unitholders are requested to note that request for conversion of units held in Account Statement (non- demat) form into Demat (electronic) form or vice versa should be submitted to their Depository Participants. The demat request to depository must be submitted for all units in a folio. In case Unit holders do not provide their Demat account details or the Demat details provided in the application form are incomplete / incorrect or do not match with the details with the Depository records, the Units will be allotted in account statement mode provided the application is otherwise complete in all respect and accordingly an account statement shall be sent to them. Minimum Target amount The Fund seeks to collect a minimum subscription amount of Rs. (This is the minimum 10,00,00,000/- (Rupees Ten crores only) under the scheme. amount required to operate the scheme and if this is not collected during the NFO period, then all the investors would be refunded the amount invested without any return.) Maximum Amount to be There is no upper limit on the total amount that may be collected. After raised (if the minimum subscription amount has been collected, allotment will be any) made to all valid applications. Minimum balance to be maintained and consequences of non- maintenance: < S.O 36> There is no requirement of minimum balance. Allotment (Detailed Pursuant to Para 14.4 of SEBI Master Circular no. SEBI/HO/IMD/IMD- procedure) PoD-1/P/CIR/2024/90 dated June 27, 2024, the investor whose transaction has been accepted by Kotak Mahindra Asset Management Company Ltd. / Kotak Mahindra Mutual Fund shall receive the following: 1. The AMC shall send an allotment confirmation specifying the units allotted by way of email and/or SMS within 5 Business Days of receipt of valid application/transaction to the Unit holders registered e-mail address and/ or mobile number (whether units are held in demat mode or in account statement form). 2. The holding(s) of the beneficiary account holder for units held in demat mode will be shown in the statement issued by respective Depository Participants (DPs) periodically. 3. A consolidated account statement (CAS) for each calendar month on or before 12th of the succeeding month shall be sent by email (wherever investor has provided email id) or physical account statement on or before 15th of the succeeding month where investor has not provided email id/ have opted for delivery via physical mode., across the schemes of the mutual funds, to all the investors in whose folio(s) transaction(s) 34has/have taken place during the month. The same shall be sent by the AMC or by the Agencies appointed by the AMC for non demat unit holders. Refund If application is rejected, full amount will be refunded within 5 working days of closure of NFO. If refunded later than 5 working days @ 15% p.a. for delay period will be paid and charged to the AMC Who can invest The following are eligible to apply for purchase of the Units: This is an indicative list and • Resident Indian Adult Individuals, either singly or jointly (not investors shall consult their exceeding three). financial advisor to ascertain • Parents/Lawful guardians on behalf of Minors. whether the scheme is • Companies, corporate bodies, registered in India. suitable to their risk profile. • Registered Societies and Co-operative Societies authorised to invest in such Units. • Public sector undertakings, public/Statutory corporations subject to general or specific permissions granted to them by the Central/State governments from time to time. • Religious and Charitable Trusts under the provisions of 11(5) of the Income Tax Act, 1961 read with Rule 17C of the Income Tax Rules, 1962. • Trustees of private trusts authorised to invest in mutual fund schemes under their trust deeds. • Partner(s) of Partnership Firms. • Association of Persons or Body of Individuals, whether incorporated or not. • Hindu Undivided Families (HUFs). • Banks (including Co-operative Banks and Regional Rural Banks) and Financial Institutions and Investment Institutions. • Non-Resident Indians/Persons of Indian origin resident abroad (NRIs) on full repatriation or non-repatriation basis. • Other Mutual Funds registered with SEBI. • International Multilateral Agencies approved by the Government of India. • Army/Navy/Air Force, Para-Military Units and other eligible institutions. • Scientific and Industrial Research Organizations. • Provident/Pension/Gratuity and such other Funds as and when permitted to invest. • Public Financial Institution as defined under the Companies Act 2013. • Universities and Educational Institutions. • Other schemes of Kotak Mahindra Mutual Fund may, subject to the conditions and limits prescribed in the SEBI Regulations and/or by the Trustee, AMC or Sponsor, subscribe to the Units under the Scheme. • Foreign Portfolio Investors (FPIs) or sub-accounts of FPI’s registered with SEBI The list given above is indicative and the applicable law, if any, shall supersede the list. 35Who cannot invest Acceptance of Subscriptions from U.S. Persons and Residents of Canada w.e.f. November 17, 2016: - The Scheme shall not accept subscriptions from U.S. Persons and Residents of Canada, except where transaction request received from Non – resident Indian (NRIs) / Persons of Indian Origin (PIO) who at the time of investment are present in India and submit physical transaction request along with such declarations / documents as may be prescribed by Kotak Mahindra Asset Management Company Ltd and Kotak Mahindra Trustee Company Ltd. The AMC shall accept such investments subject to the applicable laws and such other terms and conditions as may be notified by the AMC/ Trustee Company. The investor shall be responsible for complying with all the applicable laws for such investments. The AMC reserves the right to put the transaction request on hold/reject the transaction request, or reverse the units allotted, as the case may be, as and when identified by the AMC, which are not in compliance with the terms and conditions notified in this regard. The Trustee/AMC reserves the right to change/modify the provisions mentioned above at a later date subject to subject to SEBI (MF) Regulations and circulars issued thereunder from time to time How to Apply and other 1. The investors can submit the Application forms and Key Information details Memorandum (along with transaction slip)/ forms for redemption/ switches at the branches of AMC or Investor Service Centres (ISCs)/Official Points of Acceptance (OPAs) of the Registrar (CAMS) or distributors or on the website of Kotak Mahindra Mutual Fund (www.kotakmf.com). Where Units under a Scheme are held under both Direct Plan and Regular Plan, investors should clearly mention the plan from which redemption/switch requests are to be processed. Further in line with Para 16.2.11 and 16.2.1 of SEBI circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024 it has been decided to allow investors can directly access infrastructure of the recognised stock exchanges to purchase mutual fund units directly from Mutual Fund/ Asset Management Companies. Please refer to the SAI and Application form for the instructions. 2. Link for the list of official points of acceptance, collecting banker details etc. https://www.kotakmf.com/Information/statutory- disclosure/disclosuresrelatedtosidandkim 3. Computer Age Management Services Ltd. (CAMS) (Registrar) AVA Tower, Old No. 788 & 789, Electricity Avenue, New No. 152 & 150, Anna Salai, Beside Rayala Towers, Chennai - 600002. Contact details - 044 6110 4034 Email Id – enq_k@camsonline.com 36Website - www.camsonline.com To inform investors that it is mandatory to mention their bank account numbers in their applications/requests for redemption. The policy regarding reissue Not Applicable of repurchased units, including the maximum extent, the manner of reissue, the entity (the scheme or the AMC) involved in the same. Restrictions, if any, on the The Asset Management Company shall, on production of instrument of right to transfer together with relevant documents, shall register the transfer within freely retain or dispose of timelines as defined in the SEBI Regulation. The Units of the Scheme held units being offered. in the dematerialised form will be fully and freely transferable (subject to lock-in period, if any and subject to lien, if any marked on the units) in accordance with the provisions of SEBI (Depositories and Participants) Regulations, 2018 as may be amended from time to time and as stated in. Para 14.4.4 of SEBI Master Circular no. SEBI/HO/IMD/IMD-PoD- 1/P/CIR/2024/90 dated June 27, 2024. Further, for the procedure of release of lien, the investors shall contact their respective DP. Transfer of units held in Non-Demat [Statement of Account (‘SOA’)] mode: As per the AMFI Best Practices Guidelines Circular No.116 /2024-25 dated August 14, 2024, on ‘Standard Process for Transfer of Units held in Non- Demat (SoA) mode’, units held by individual unitholders in Non Demat (‘SoA’) mode can be transferred only in following cases- i. Surviving joint unitholder, who wants to add new joint holder(s) in the folio upon demise of one or more joint unitholder(s). ii. A nominee of a deceased unitholder, who wants to transfer the units to the legal heirs of the deceased unitholder, post the transmission of units in the name of the nominee. iii. A minor unitholder who has turned a major and has changed his/her status from minor to major, wants to add the name of the parent / guardian, sibling, spouse etc. in the folio as joint holder(s). iv. Investors under Resident/non-resident Individual category Partial transfer of units held in a folio shall be allowed. If the request for transfer of units is lodged on the record date, the IDCW payout/ reinvestment shall be made to the transferor. Redemption of the transferred units shall not be allowed for 10 days from the date of transfer. This will enable the investor to revert in case the transfer is initiated fraudulently. The facility for transfer of units held in SoA mode shall be available only through online mode via the transaction portals of the RTAs and the MF Central, i.e., the transfer of units held in SoA mode shall not be allowed through physical/ paper-based mode or via the stock exchange platforms, MFU, channel partners and EOPs etc. 37For details, please refer Statement of Additional Information (SAI). Cut off timing for Applicable NAV for Purchases/Switch-ins subscriptions/ redemptions/ switches 1. In respect of valid applications received upto 3.00 p.m. on a business day and entire amount is available in the mutual fund’s account for This is the time before which utilization before the cut off time of the same day – closing NAV of your application (complete in the day of receipt of application; all respects) should reach the 2. In respect of valid applications received after 3.00 p.m. on a business official points of day and the entire amount is available in the mutual fund’s account for acceptance. utilization before cut off time of the next business day – the closing NAV of the next business day; 3. Irrespective of the time of receipt of the application where the entire amount is available in Mutual fund’s account for utilization before cut off time on any subsequent business day – the closing NAV of such subsequent business day. The above cut-off timings and applicability of NAV shall be applicable in respect of valid applications received at the Official Point(s) of Acceptance on a Business Day: 1. It is clarified that switches will be considered as redemption in the switch-out scheme and purchase / subscription in the switch-in scheme 2. Cheques received on a business day may be deposited with the primary bankers of the respective location on the next business day. NAV shall be as per the applicable NAV mentioned above. To enable early sighting of funds by the schemes, investors are requested to avail of electronic facilities like RTGS / NEFT in respect of subscriptions and submit the proof of transfer of funds along with their applications. AMC shall not be responsible for any delay on account of banking clearance or circumstances which are beyond the control of AMC. 3. The revised provisions for applicability of NAV based on realization of funds will be applicable to all types of investment including various systematic investments routes (viz, SIP, STP, Transfer of IDCW Plan etc.) as may be offered by the Scheme from time to time. Applicable NAV for Redemption/ Switch outs a) where the application received upto 3.00 pm – closing NAV of the day of receipt of application; and b) an application received after 3.00 pm – closing NAV of the next business day. Further, where the AMC or the Registrar has provided a facility to the investors to redeem /switch-out of the Scheme through the medium of Internet by logging onto specific web-sites or any other facilities offered by the AMC and where investors have signed up for using these facilities, the Applicable NAVs will be as provided above. 38Minimum amount for Minimum application amount for purchases purchase/redemption/switche s (mention the provisions for Initial Purchase Additional SIP Purchase ETFs, as may be applicable, (Non- SIP) Purchase (Non- for direct SIP) subscription/redemption with Rs. 100/- and any Rs. 100/- and any Rs. 100/- and any AMC. amount thereafter amount amount thereafter thereafter Minimum amount for redemption: The minimum redemption amount for all plans will be Rs.100 or account balance, whichever is lower. Switch – The minimum switch amount for all the plans will be Rs. 100/- The provisions relating to Minimum Amount (including Additional Application Amount) for subscription / purchase will not be applicable for investments made in the name of Designated Employees of the AMC pursuant to Para 6.10 of SEBI Master Circular no. SEBI/HO/IMD/IMD- PoD-1/P/CIR/2024/90 dated June 27, 2024 on ‘Alignment of interest of Designated Employees of Asset Management Companies’ with the Unitholders of the Mutual Fund Schemes Accounts Statements < S.O The AMC shall send an allotment confirmation specifying the units allotted 50, 60> by way of email and/or SMS within 5 working days of receipt of valid application/transaction to the Unit holders registered e-mail address and/ or mobile number (whether units are held in demat mode or in account statement form). A Consolidated Account Statement (CAS) detailing all the transactions across all mutual funds (including transaction charges paid to the distributor) and holding at the end of the month shall be sent to the Unit holders in whose folio(s) transaction(s) have taken place during the month by mail or email on or before 12th of the succeeding month, or in physical mode before 15th of the succeeding month. Half-yearly CAS shall be issued at the end of every six months (i.e. September/ March) on or before 18th day of April and October and to investors that have opted for delivery via physical mode, on or before the twenty-first (21st) day of April and October. However, where an investor does not wish to receive CAS through email, option shall be given to the investor to receive the CAS in physical form at the address registered with the Depositories and the AMCs/MF-RTAs For further details, refer SAI. Redemption The redemption or repurchase proceeds shall be dispatched to the unitholders within three working days from the date of redemption or repurchase. For list of exceptional circumstances refer para 14.1.3 of SEBI Master Circular no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024For schemes investing atleast 80% of total assets in permissible overseas investments (as per Clause 12.19 of SEBI Master Circular no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024), the transfer of redemption or repurchase proceeds to the unitholders shall be made within five working days from the date of redemption or repurchase. 39Bank Mandate < S.O 61> As per the directives issued by SEBI it is mandatory for an investor to declare his/her bank account number. To safeguard the interest of Unitholders from loss or theft of their refund orders/redemption cheques, investors are requested to provide their bank details in the Application Form. In case an existing Unitholder is submitting a request for Change in his Bank Details, he needs to submit an old and new bank account. In absence of the same, the request for Change in Bank Mandate is liable to be rejected Investors have an option of registering their bank accounts, by submitting the necessary forms & documents. At the time of redemption, investors can select the bank account to receive the amount. Delay in payment of The Asset Management Company shall be liable to pay interest to the redemption / repurchase unitholders at rate as specified vide clause 14.2 of SEBI Master Circular no. proceeds/dividend SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024 by SEBI for the period of such delay Unclaimed Redemption and In accordance with Para 14.3 of SEBI Master Circular no. Income SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024 and SEBI Distribution cum Capital Letter SEBI/HO/IMD-SEC-2/P/OW/2025/02346/1 dated January 22,2025 Withdrawal Amount < S.O the unclaimed Redemption amount and IDCW amount that are currently 52> allowed to be deployed by the Mutual Fund only in call money market or money market Instruments, shall also be allowed to be invested in a separate plan of only Overnight scheme / Liquid scheme / Money Market Mutual Fund scheme floated by Mutual Funds specifically for deployment of the unclaimed amounts. There shall a separate scheme/plan for Redemption amount and IDCW amount, pending for less than 3 years and more than 3 years Following are timelines for deployment by Mutual fund a) Transfer of Unclaimed redemption and dividend amount to Unclaimed Dividend and Redemption Scheme (UDRS) after 90 days and not beyond 105 days from date of issuance of the instruments b) On completion of first 3 years of a separate plan of Overnight scheme / Liquid scheme / Money Market Mutual Fund scheme, AMC shall transfer such units to UDRS plan (> 3 years) within 10 business days of subsequent month c) The amount of income accrued on daily basis on unclaimed amount beyond 3 years shall be transferred on a monthly basis ( ie on or before 10th calendar day of subsequent month ) to the investor education scheme/folio Provided that such schemes where the unclaimed redemption and IDCW amounts are deployed shall be only those Liquid scheme / Money Market Mutual Fund schemes which are placed in A-1 cell (Relatively Low Interest Rate Risk and Relatively Low Credit Risk) of Potential Risk Class matrix as as per para 17.5 of SEBI Master Circular no. SEBI/HO/IMD/IMD-PoD- 1/P/CIR/2024/90 dated June 27, 2024. AMCs shall not be permitted to charge any exit load in this plan and TER (Total Expense Ratio) of such plan shall be capped as per the TER of direct plan of such scheme or at 50bps whichever is lower. Investors who claim these amounts during a period of three years from the due date shall be paid initial unclaimed amount along with the income earned on its deployment. 40Investors who claim these amounts after 3 years, shall be paid initial unclaimed amount along with the income earned on its deployment till the end of the third year. After the third year, the income earned on such unclaimed amounts shall be used for the purpose of investor education. AMC shall play a proactive role in tracing the rightful owner of the unclaimed amounts considering the steps suggested by regulator vide the referred circular. As per SEBI Circular no. SEBI/HO/IMD/IMD-SEC-3/P/CIR/2025/15 dated February 12, 2025 a service platform for investors to trace inactive and unclaimed Mutual Fund folios- MITRA (Mutual Fund Investment Tracing and Retrieval Assistant) MITRA platform is developed and hosted by the QRTAs (CAMS and KFintech) would be available through a link on the website of MF Central, AMCs, AMFI, the two QRTAs and SEBI. MITRA platform will facilitate the investors with a searchable database of inactive and unclaimed Mutual Fund folios at an industry-level which will empower the investors on following manner: • Enable investors/ legal claimants to identify the overlooked investments or any investments made by any other person for which he/she may be rightful legal claimant. • Encourage investors to do KYC as per the current norms thus reducing the number of non-KYC compliant folios. • Contribute towards building a transparent financial ecosystem and will be reliable medium for investors to find their inactive and unclaimed Mutual Fund investments. • Build and incorporate mitigants against fraud risk An inactive folio shall be defined as “Mutual Fund Folio(s) where no investor-initiated transaction/s (financial and non-financial) have taken place in the last 10 years, but unit balance is available”. This portal would display only Fund Names and investor has to approach the respective MFs for more information. Disclosure w.r.t investment by As per Para 17.6 of SEBI Master Circular no. SEBI/HO/IMD/IMD-PoD- minors < S.O 37> 1/P/CIR/2024/90 dated June 27, 2024, the following Process for Investments in the name of a Minor through a Guardian will be applicable: a. Payment for investment by any mode shall be accepted from the bank account of the minor, parent or legal guardian of the minor, or from a joint account of the minor with parent or legal guardian. For existing folios, the AMCs shall insist upon a Change of Pay-out Bank mandate before redemption is processed. b. Redemption proceeds shall be credited only in verified bank account of the minor, i.e the account the minor may hold with the parent/legal guardian after completing KYC formalities. c. Upon the minor attaining the status of major, the minor in whose name the investment was made, shall be required to provide all the KYC details, updated bank account details including cancelled original cheque leaf of the new account. No further transactions shall be allowed till the status of the minor is changed to major. 41d. AMCs shall build a system control at the account set up stage of Systematic Investment Plan (SIP), Systematic Transfer Plan (STP) and Systematic Withdrawal Plan (SWP) on the basis of which, the standing instruction is suspended when the minor attains majority, till the status is changed to major. Please refer SAI for detailed process on investments made in the name of a Minor through a Guardian 42III. OTHER DETAILS A. Underlying Fund Details Underlying Funds Name: • Kotak Gold ETF • Kotak Silver ETF Expense Ratio of the underlying Fund: For Total expense Ratio of the underlying funds refer the given link - https://www.kotakmf.com/Information/TER Details of Benchmark, Investment Objective, Investment Strategy, Year wise performance - refer the Scheme Information Document of the respective Underlying Schemes available under the given link https://www.kotakmf.com/Information/statutory-disclosure/information AUM, Top 10 Holding/ link to Top 10 holding of the underlying fund (as on September 30, 2024) – Refer the given link https://www.kotakmf.com/Information/statutory- disclosure/disclosuresrelatedtosidandkim B. Periodic Disclosures Monthly and Half yearly The Mutual Funds/ AMCs, shall disclose portfolio (along with ISIN) as on Disclosures: Portfolio / monthly, half-yearly basis for all the schemes on the website of the Kotak Financial Results Mahindra Mutual Fund viz. www.kotakmf.com and on the website of AMFI This is a list of securities (www.amfiindia.com) within 10 days from the close of each month/ half-year where the corpus of the respectively in a user-friendly and downloadable spreadsheet format. The link scheme is currently for the mentioned disclosures - invested. The market value https://www.kotakmf.com/Information/statutory-disclosure/information of these investments is also stated in portfolio In accordance with Para 5.1 and 5.3 of SEBI Master Circular no. disclosures. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024 effective from October 01, 2021,unitholders whose e-mail addresses are registered, Mutual Funds/AMC shall send the details of the scheme portfolio including the scheme risk-o-meter, name of benchmark and risk-o-meter of benchmark while communicating the fortnightly, monthly and half-yearly statement of scheme portfolio via email within 5 days of every fortnight for debt schemes, 10 days from the close of each month for other schemes and 10 days from the close of half-year for all schemes. AMCs shall provide a link to investors to their registered email to enable the investor to directly view/download only the portfolio of schemes subscribed by the said investor. The Mutual Fund / AMC shall provide a physical copy of statement of its scheme portfolio, without charging any cost, on specific request received from a unit holder. An advertisement shall be published every half-year disclosing the hosting of the half-yearly statement of the schemes on website of Kotak Mahindra Mutual Fund and on the website of AMFI and the modes such as SMS, telephone, email or written request (letter) through which a unitholder can submit a request for a physical or electronic copy of the statement of scheme portfolio. Such advertisement shall be published in the all India edition of at least two 43daily newspapers, one each in English and Hindi. Half Yearly Results The soft copy of unaudited financial results shall within one month from the close of each half year i.e. 31st of March and the 30th of September, be hosted on the website kotakmf.com and will be sent to AMFI for posting on its website www.amfiindia.com. The link for the mentioned disclosures - https://www.kotakmf.com/Information/statutory-disclosure/financials Also an advertisement of hosting of the unaudited results shall be published in one English daily newspaper circulating in the whole of India and in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated. Annual Report Pursuant to Regulation 56 of SEBI (Mutual Funds) Regulations, 1996 read with Para 5.4 of SEBI Master Circular no. SEBI/HO/IMD/IMD-PoD- 1/P/CIR/2024/90 dated June 27, 2024and SEBI Mutual Fund (Second Amendment) Regulation 2018, the scheme wise annual report or abridged summary thereof will be hosted on the website in machine readable format of the Kotak Mahindra Mutual Fund viz. kotakmf.com and on the website of AMFI, immediately after approval in Annual General Meetings within a period of four months, from the date of closing of the financial year (31st March). The AMCs shall display the link prominently on the website of the Kotak Mahindra Mutual Fund viz. kotakmf.com and make the physical copies available to the unitholders, at their registered offices at all times. Unit holders whose e-mail addresses are not registered will have to specifically ‘opt in’ to receive physical copy of scheme wise annual report or abridged summary thereof. The unit holders may request for a physical copy of scheme annual reports at a price and the text of the relevant scheme by writing to the Kotak Mahindra Asset Management Company Ltd. / Investor Service Centre / Registrar & Transfer Agents. AMC shall provide a physical copy of abridged report of the annual report, without charging any cost, on specific request received from a unit holder. An advertisement shall be published every year disclosing the hosting of the scheme wise annual report on website of Kotak Mahindra Mutual Fund and on the website of AMFI and the modes such as SMS, telephone, email or written request (letter) through which a unitholder can submit a request for a physical or electronic copy of the scheme wise annual report or abridged summary thereof. Such advertisement shall be published in the all India edition of at least two daily newspapers, one each in English and Hindi. The link for the mentioned disclosures - https://www.kotakmf.com/Information/statutory-disclosure/financials Risk-o-meter< S.O 38> In accordance with Para 17.4 of SEBI Master Circular no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024 and SEBI Circular no. SEBI/HO/IMD/PoD1/CIR/P/2024/150 dated November 05, 2024: The Risk-o-meter shall have following six levels of risk: i. Low Risk- Irish Green ii. Low to Moderate Risk- Chartreuse iii. Moderate Risk- Neon Yellow iv. Moderately High Risk- Caramel v. High Risk Dark Orange and vi. Very High Risk- Red The evaluation of risk levels of a scheme shall be done in accordance with the 44aforesaid circular. Any change in risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders. The risk-o-meter shall be evaluated on a monthly basis and the risk-o-meter alongwith portfolio disclosure shall be disclosed on the AMC website as well as AMFI website within 10 days from the close of each month. The Product Labelling assigned during the NFO is based on internal assessment of the scheme characteristics or model portfolio and the same may vary post NFO when the actual investments are made. Scheme Summary In accordance with SEBI letter dated December 28, 2021 and AMFI emails Document (SSD) dated March 16, 2022 and March 25, 2022, Scheme summary document for < S.O 38> all schemes of Kotak Mahindra Mutual Fund in the requisite format (pdf, spreadsheet and machine readable format) shall be uploaded on a monthly basis i.e. 15th of every month or within 5 working days from the date of any change or modification in the scheme information on the website of Kotak Mahindra Mutual Fund i.e. www.kotakmf.com, AMFI i.e. www.amfiindia.com and Registered Stock Exchanges i.e. National Stock Exchange of India Limited and BSE Limited. C. Transparency/NAV Disclosure (Details with reference to information given in Section I) <S.O. 41> The NAVs of the Scheme will be calculated and disclosed on every Business day on the website of the Kotak Mahindra Mutual Fund viz www.kotakmf.com and AMFI’s website www.amfiindia.com by 10.00 a.m. of the following business day. The First NAV of the scheme shall be declared within 5 working days from the date of allotment. Unitholders may avail the facility to receive the latest available NAVs through SMS by submitting a specific request in this regard to the AMC/Mutual Fund. Also, information regarding NAVs can be obtained by the Unit holders / Investors by visiting the nearest ISC. Delay in uploading of NAV beyond 10.am of every following business day shall be explained in writing to AMFI. In case the NAVs are not available before the commencement of business hours on the following business day due to any reason, a press release for revised NAV shall be issued. In terms of SEBI regulations, a complete statement of the Scheme portfolio will be sent to all unitholders, within ten days from the close of each month / half-year whose email addresses are registered with the Mutual Fund. The portfolio of the scheme (along with ISIN) shall also be disclosed on the website of Mutual Fund (kotakmf.com) and on the website of AMFI (www.amfiindia.com) on a monthly and half-yearly basis within 10 days from the close of each month/ half-year respectively in a user-friendly and downloadable spreadsheet format. 45D. Transaction charges and stamp duty (a) Transaction Charges - Investors are requested to note that no transaction charges shall be deducted from the investment amount given by the investor for all transactions / applications (including SIP’s) received through the distributors (i.e. in Regular Plan) and full investment amount (subject to deduction of statutory charges, if any) will be invested in the Scheme. (b) Stamp Duty - A stamp duty @ 0.005% would be levied on all applicable mutual fund transactions. Accordingly, pursuant to levy of stamp duty, the number of units allotted on purchase transactions (including reinvestment IDCW and Switch in) to the unitholders would be reduced to that extent. Details regarding transaction charges and stamp duty refer to SAI. E. Associate Transactions- Please refer to Statement of Additional Information (SAI) F. Taxation For details on taxation please refer to the clause on Taxation in the SAI apart from the following: The information is provided for general information purposes only. However, in view of the individual nature of tax implications, each investor is advised to consult his or her own tax adviser with respect to the specific tax implications arising out of his or her participation in the scheme. Capital Gains Taxation Rates -Resident Individual, Huf, Domestic Corporate, Nri$ Short-term capital Long-term capital gains gains Investments Listed or Investments redeemed Investments redeemed Particulars made Unlisted on or after 01-04-2025 on or after 01-04-2025 Holding Tax Holding Tax Rate^ Period Rate^ Period Fund of Funds (which invests <65% in On or after > 24 SMF as defined in Unlisted NA NA 12.50% 01-04-2023 months Finance (No. 2) Bill, 2024 @ $ Subject to NRI having Permanent Account Number (PAN) in India. The TDS deductible in case of NRI shall also be increased by applicable surcharge as per Note 1 and 4% health and education cess. In case of NRI, if PAN is not available and specified declaration is not provided as specified under Rule 37BC, TDS @ higher of 20% or rates 46calculated as above will be deducted. The tax rates are subject to DTAA benefits available to NRI's. As per the Finance Act 2013, submission of tax residency certificate (“TRC”) will be necessary for granting Double Taxation Avoidance Agreement (“DTAA”) benefits to non-residents. A Taxpayer claiming DTAA benefit shall furnish a TRC of his residence obtained by him from the Government of that country or specified territory. Further, in addition to the TRC, the non-resident shall also provide electronically filed Form 10F and such other documents /information, as may be prescribed by the Indian Tax Authorities and Kotak Mahindra Mutual Fund or Kotak Mahindra Asset Management Company Ltd. Further investor needs to certify in its No PE declaration that the one of the principle purpose of investment is not to avail the treaty benefits & the investment asset & investment income are beneficial hold by the investor claiming DTAA benefits. @ For FY 2024-25, Specified Mutual Fund is defined as where not more than thirty-five per cent of its total proceeds is invested in the equity shares of domestic companies. However, Finance (No 2) Bill, 2024 has amended the definition of Specified Mutual Fund w.e.f. FY 2025-26 as - (i) a Mutual Fund by whatever name called, which invests more than sixty-five per cent of its total proceeds in debt and money market instruments; (ii) or a fund which invests sixty-five per cent or more of its total proceeds in units of a fund mentioned in clause (i) ^ Tax rates for resident and non-residents shall be increased by applicable surcharge as per Note 1 and 4% Health & Education Cess. Tax Implication on Income Distribution Cum Capital Withdrawal (IDCW) Received By Unit Holders Categories of Unit Holders Threshold TDS Rate Taxation Rate Rs. 10,000 As per applicable slab Resident Unit Holders (w.e.f 1st 10% rates plus applicable surcharge and cess April, 2025) (Refer Note 1) Non-Resident Unit Holders (subject to DTAA benefits, in case applicable) 20% plus applicable 20% plus applicable (1) FII/FPI NILs surcharge and cess surcharge and cess (Refer (Refer note 1) Note 1) (2) Foreign company/corporates 20% plus applicable 35% plus applicable Purchase in Indian Rupees NILs surcharge and cess surcharge and cess (Refer note 1) (Refer Note 1) 20% plus applicable 20% plus applicable Purchase in Foreign Currency NILs surcharge and cess surcharge and cess (Refer note 1) (Refer Note 1) (3) Others At slab rates applicable 20% plus applicable plus applicable Purchase in Indian Rupees NILs surcharge and cess (Refer note 1) surcharge and cess (Refer Note 1) 20% plus 20% plus applicable applicable Purchase in Foreign Currency NILs surcharge and cess surcharge and cess (Refer note 1) (Refer Note 1) Note 1: - A) In case of foreign companies; - 2% where the total income exceeds Rs. 10,000,000 but less than / equal to Rs. 100,000,000 47- 5% where the total income exceeds Rs. 100,000,000 B) In case of resident domestic corporate unit holders; - 7% where the total income exceeds Rs. 10,000,000 but less than / equal to Rs. 100,000,000 or - 12% where the total income exceeds Rs. 100,000,000 - 10% where domestic company is eligible & exercises the option granted u/s 115BAA or 115BAB of the Act. C) In case of non-corporate resident unit holders being partnership firms covered under Indian Partnership Act, 1932/ Limited liability partnership covered under Limited Liability Partnership Act, 2008: - 12% where the total income exceeds Rs.10,000,000 D) I) In case of resident and non-resident unit holders being individual, HUF, AOP, BOI and artificial juridical person (opting old regime of taxation); Income Surcharge Rates Other Income (i.e Income Other Income (i.e Income Capital gains covered other than Capital gains other than Capital gains under section 111A, covered under section 111A, covered under section section 112A, section Total Income section 112A, section 112, 111A, section 112A, 112, & 115AD(1)(b) 115AD(1)(b) & company section 112, 115AD(1)(b) & company & company dividend). dividend. dividend). Upto 50Lakh Nil Nil More than 50Lakh up to 10% 10% 1 Cr More than 1 Cr but up to 15% 15% 2Cr More than 2 Up to 2 cr 15% 15% Cr More than 2 cr but up to 5 cr 25% 15% More than 5Cr 37% 15% II In case of resident and non-resident unit holders being individual, HUF, AOP, BOI and artificial juridical person (who have not elected for old regime of taxation); Income Surcharge Rates Other Income (i.e Income Other Income (i.e Income Capital gains covered other than Capital gains other than Capital gains under section 111A, covered under section 111A, covered under section section 112A, section Total Income section 112A, section 112, 111A, section 112A, 112, & 115AD(1)(b) 115AD(1)(b) & company section 112, 115AD(1)(b) & company & company dividend). dividend. dividend). Upto 50Lakh Nil Nil More than 50Lakh up to 10% 10% 1 Cr More than 1 Cr but up to 15% 15% 2Cr More than 2 Up to 2 cr 15% 15% Cr More than 2 cr 25% 15% 48Note 2: - W.e.f 01.04.2020, as per Section 115R, no additional income tax payable on amount of distributed income on or after 01.04.2020. Note 3: - Section 112A r.w.s section 55(ac) levies capital gains tax @ 10% on Long Term Capital Gains arising on transfer of units of equity-oriented funds upto 22nd July, 2024 and 12.50% thereafter. The salient features of the capital gain tax are as under: • Any transfer of equity-oriented fund units on or after 1 April 2018, shall not be exempt under section 10(38) • Long term capital gains in excess of Rs. 1.25 lakh shall be taxable at rates mentioned in table above plus surcharge (if any, as applicable) plus health & education cess @ 4%. • The capital gain will be computed without giving effect to the 1st and 2nd proviso to section 48 in the manner laid down under the section i.e. without indexation benefit and without foreign currency conversion benefit • Cost for units acquired prior to 1 Feb 2018 and sold on or after 1 April 2018 will be computed as under: • Higher of: a) Cost of acquisition or b) Lower of: i. FMV of asset on 31 Jan 2018 ii. Full value of consideration accruing as a result of transfer Note 4: - Tax Rates Regimes available for Domestic Corporate companies- (a) 30% if investor falls into highest tax bracket. (b) 25% If total turnover or gross receipts in the financial year 2020-21 does not exceed Rs. 400 crores. (c) 22% lower rate is optional and subject to fulfilment of certain conditions (not claiming specified incentives and deductions) as provided in section 115BAA. (d) 15% lower rate is optional for companies engaged in manufacturing business (set-up & registered on or after 1 October 2019) subject to fulfilment of certain conditions (not claiming specified incentives and deductions as provided in section 115BAB. Further, the domestic companies are subject to minimum alternate tax (except for those who opt for lower rate of tax of 22%/15%) not specified in above tax rates Note 5: - As per section 139AA of the Income tax Act, 1961 (‘the Act’) read with rule 114AAA of the Income- tax Rules, 1962, in the case of a resident person, whose PAN has become inoperative due to PAN-Aadhaar not being linked on or before 30 June 2023, it shall be deemed that he has not furnished the PAN and tax could be withheld at a higher rate of 20% as per section 206AA of the Act Note 6: - Relaxation to non-residents from deduction of tax at higher rate in the absence of PAN subject to them providing specified information and documents. Note 7: - It is assumed that the mutual fund units are held as capital assets by the investors. Note 8: - Under Section 115BAC w.e.f 01.04.2023, all individual, HUF, AOP, BOI is required to pay tax at concessional rates (as below) under the new tax regime subject to the condition that certain exemptions/ losses/ deductions cannot be claimed. In case such taxpayer intends to claim deductions / exemptions, it may elect to opt for existing tax and slabs rates to continue to apply. Securities Transaction Tax Other Than Equity Oriented Fund Nil For details on taxation please refer to the clause on Taxation in the SAI. 49G. Rights of Unitholders Please refer to SAI for details. H. List of official points of acceptance: please refer the given link - https://www.kotakmf.com/Information/statutory- disclosure/disclosuresrelatedtosidandkim I. Penalties, Pending Litigation or Proceedings, Findings of Inspections or Investigations For Which Action May Have Been Taken Or Is In The Process Of Being Taken By Any Regulatory Authority < S.O 48, 49> The detailed data in respect of penalties, pending litigations, findings of inspection or investigation is available at https://www.kotakmf.com/Information/statutory-disclosure/disclosuresrelatedtosidandkim Notes: 1. Further, any amendments / replacement / re-enactment of SEBI Regulations subsequent to the date of the Scheme Information Document shall prevail over those specified in this Document. 2. The Scheme under this Scheme Information Document was approved by the Trustees on April 30, 2025 3. The Trustees have ensured that KOTAK GOLD SILVER PASSIVE FOF approved by them is a new product offered by Kotak Mahindra Mutual Fund and is not a minor modification of any existing scheme/fund/product. < S.O 66> 4. Notwithstanding anything contained in the Scheme Information Document, the provisions of the SEBI (Mutual Funds) Regulations, 1996 and the guidelines there under shall be applicable. < S.O 63> For and on behalf of the Board of Directors, Kotak Mahindra Asset Management Company Limited (Investment Manager of Kotak Mahindra Mutual Fund) Sd/- Place: Mumbai Ms. Jolly Bhatt Date: June 11, 2025 Compliance Officer 50