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Kotak Tax-Saver
(Open-Ended Equity Linked Savings Scheme)

Kotak Tax Saver is a diversified equity scheme that invests in equity and equity related securities and enables the investors to avail the income tax rebate, as permitted from time to time. The investment strategy is to have 80-100% in equity and 0-20% in debt and money market securities. This way the investor derives the dual benefit of gaining returns from investment in equities while also availing the tax benefit. Kotak Tax Saver scheme uses bottom-up stock selection to build its portfolio. Risk is being managed by adequate diversification and by spreading investments over a range of industries and companies. The portfolio offers a diversified mix across various sectors. As it is a close ended architecture, the investor has to compulsorily lock in ones fund for 3 years.

Nov 23, 2005

Krishna Sanghavi,Anurag Jain

Performance as on 31/05/2009

Portfolio as on 31/05/2009

Allocation Pattern

Dividends in the scheme

Corpus as on 31/05/2009

Close

Corpus - Rs. 454.98 Crores

Presentation

Application Form

Notices & Addendum

Massive de-leveraging and credit crunch driven by the US and spreading to Europe has led to widespread selling across asset classes including equities with bigger selling in commodities & real estate. The selling has been aggravated by redemption pressures driven by the fear about economic slowdown and collateral damages seen elsewhere. Globally we have witnessed an increased policy response by various central banks and governments with aim of providing stability to financial markets; notably the credit market and improve the business environment and sustain economic momentum. Closer home, we believe that Indian economy is largely driven by domestic consumption (67% of GDP) and infrastructure creation and is expected to be more resilient than other emerging economies. The economy is expected to do well over medium to long-term as Government & RBI have stepped in with policy response on fiscal and monetary front respectively. In the last quarter we have seen possibly biggest monetary easing in Indian history. The macro economic environment & the growth would be supported by declining commodity prices and peaking out of interest rates would further help on demand. We maintain that it is reasonable to expect India's growth to sustain over a longer period. Equity market valuations have compressed significantly and present a very attractive investment opportunity and equity as an asset class will continue to give better returns than any other asset class in the medium to longer term. Focus of the fund is to capitalize on the investment opportunities in the economy with long-term perspective. The investors in this fund should look to invest with a minimum of 3 years horizon; hence investment of the fund is made in companies, which can create greater performance over longer period of time. The fund focuses on a bottom up style of investing.

Click here for Scheme Features

• Investment Objective
To generate capital appreciation from a diversified portfolio of equity & equity related securities and enable investors to avail the income tax rebate, as permitted from time to time.
• Investment Pattern	• Benchmark Index
Equity & Equity related securities : 80% - 100% Debt & Money Market instruments : 0% - 20%	S & P CNX 500
• Investment Horizon	• Estimated Recurring Expenses	• Actual Expense Ratio
3 yrs & above	2.50%.	Click Here To View
• Investment Options	• Dividend Frenquency
Growth, Dividend Payout, Dividend Re-Investment.	At the Discretion of Trustees
• Minimum Investment	• Cheques / DD to be drawn in favour of
Initial : Rs 500 and in mulitiples of 500.. Additional: Rs 500 and in mulitiples of 500. Systematic: Rs 500 and in mulitiples of 500.	Kotak Tax-Saver
• Minimum Redemption Size	• Payout Schedule
Rs. 1000 or all units if the amount is less than Rs. 1000/-	Transaction day + 3 working days
• Cut off for Transactions
3 PM
• Entry Load	• Exit Load
No entry load shall be charged on: i) For "all direct" applications received by AMC i.e. applications received through internet facility offered (www.kotakmutual.com), on application forms that are not routed through any distributor/agent/broker and submitted to AMC office or collection centre / investment service centre. ii) On additional purchases done directly by the investor under the same folio and switch-in to the scheme from other scheme if such transaction is done directly by the investor: iii) Where the purchase amount/switch in amount is equal to or more than Rs. 5 crores iv) Where the switch in is from an Equity/Balanced/Equity FOF Scheme to an Equity/Balanced/Equity FOF Scheme v) Where switch in is from a close ended scheme (excluding Fixed Maturity Plans and Interval Plans) during the pre-defined liquidity window of the scheme as defined in the respective offer documents or on maturity to an Equity/ Balanced/Equity FOF Schemes: vi) Where the switch in is from any other scheme apart from point iv and v above to an Equity/Balanced/Equity FOF Scheme for investments equal to or more than Rs. 5 crores vii) Where investments is made by Fund of Funds as defined under SEBI Regulations viii) Where units are allotted upon reinvestment of Dividends. Cases not covered above:2.25%.	Exit Load is not applicable for Kotak Tax Saver Scheme.

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