Kotak Mahindra Old Mutual Life Insurance Limited
BOARD OF DIRECTORS: MR. UDAY KOTAK (C), RAFAEL GALDON, MR. CRISPIN SONN, MR. GAURANG SHAH (MD), MR. PANKAJ DESAI (WTD), MR. SHIVAJI DAM, MR. DIPAK GUPTA, MR. VINEET NAYYAR, MRS. PALLAVI SHROFF AND MR. S. S. THAKUR.
Directors’ Report Your Directors take pleasure in presenting their Tenth Report on the business and operations of your Company together with the Audited Financial Statements for the year ended 31st March, 2010. This year was a landmark in the history of the company and the company reported profit of around Rs. 70 crores. These remarkable results have been achieved by efficient management of Capital, Increased Productivity and cost consciousness as enumerated herein below: 1.
FINANCIAL RESULTS
Your Company continues to demonstrate a consistent, value-based growth in a challenging and competitive environment. The Financial Year 2009-10 was a year of continued strong growth for your Company. The summarised results of operation of the Company are as follows: (Rs. Crores) Year ending March 2010
Year ending March 2009
Growth over 09
New Business Premium
1,334
1,343
–1%
Adjusted New Business Premium*
1,109
1,293
–14%
Total Premium
2,868
2,343
22%
Particulars
Profit/(Loss) after Tax
71
14
390%
320,735
495,316
–35%
49,530
47,146
5%
Transfer from Shareholders to Policyholder’s Account
18
30
Transfer from Policyholder’s to Shareholders Account
71
20
Number of Policies Written (Nos.) New Business Sum Assured Bonus to Policyholders
* Single premium weighted at 1/10th
Your Directors have declared an addition to the Policyholders’ Accumulation Account to give a return of 6.75% (2009 – 5%) to participating life policyholders and 8% (2009 – 7%) to annuity participating policyholders for the year ended 31st March, 2010. A reversionary bonus of 2% (2009 – 2%) has been declared on traditional products.
The transfer from the Shareholders’ Account to the Policyholders’ Account during the current year was to make good deficits in two segments of business. Transfers from the Policyholders’ Account to Shareholders’ Account are the surplus in the Non-Participating policyholders account and amount not exceeding 10% distributed to the Participating Policyholder.
2.
DIVIDEND
In view of the past accumulated losses, your Directors do not recommend any dividend for the current year.
3.
CAPITAL
Your company is one of the most capital efficient users of capital in the life insurance space and in the top quartile of companies in the industry in terms of Premium to Capital ratio – a measure of capital efficiency for the industry.
During the year under review, the Authorised Share Capital of your Company was Rs. 625 Crores. While the Paid-up Share Capital of your Company was Rs. 510 Crores. There was no further capital infusion in 2009-10.
4.
LICENCE
The Insurance Regulatory and Development Authority has renewed your Company’s licence to carry on the business of life insurance and annuity for the year 2010-11.
5.
BUSINESS AND DISTRIBUTION CHANNELS
The business of your Company is broadly divided into three major channels:
a.
Tied Agency Your Company continues its pursuit of creating and maintaining a professionally-trained life advisor force capable of providing appropriate advice and customised solutions to consumers. To encourage, develop and support successful life advisors and to enhance their skills, your Company had sponsored Life Advisors for “Certified Financial Planner” (CFP) and “Kotak Financial Planner” (KFP) course. Your company’s life advisors are ranked among the top quartile of productive Life Advisors in the country.
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b.
To improve life advisor and employee engagement, your company conducted programme to improve efficiency and productivity in Sales across the country. This is expected to drive retail sales behaviour and improve tracking and measurement of sales activity. This will help in building long term sustainable distribution. Alternate Channels
Your company has added strong partnerships during the year and has focused in growing channel partner relationships. This has expanded the business both in terms of value and scale.
Bancassurance – Kotak Mahindra Bank continues to have the most significant share of Alternate channels business with new business premium of approx. Rs. 292 crores in FY 09-10. Besides Kotak Mahindra Bank, we have corporate agency / referral tie ups with several cooperative and commercial banks which together contributed Rs. 20 crores.
Corporate agents – Your Company had 95 corporate agencies tie ups as of 31st March, 10. It has 50 exclusive branches to manage local & regional relationships. Strengthening and growing this model was a major focus in FY 09-10.
Brokers – Your company has tie ups with 117 brokers. It has over 16% market share of business done by brokers in the industry and are at 3rd position on this basis (IRDA data 08-09). In FY 09-10 your company has grown business by approx 20% in this category.
c.
Group Insurance
Your Company’s Group Business continues to perform exceedingly well year-on-year. The Company provides a range of products from Term Insurance, Credit Insurance to Gratuity and Superannuation Schemes to cater to its group clientele.
Strong relationships within the Kotak Group as also the IRDA licensed Insurance Brokers have resulted in generation of significant business in this segment. At the end of the year under review, 656 policies were on the books. Your Company generated a premium income of Rs. 221.34 crores (FY 2009 Rs. 148.28 crores) from the group insurance business, representing a growth of 49%.
6.
BRANCH NETWORK
In a hugely diversified market like India with multiple consumer segments, your Company has worked towards augmenting its footprint and establishing a wide reach.
The branch presence has increased during the year to 214 branches across 152 cities (from 197 branches last year). The expansion was focused on Tier II cities which provided favourable business potential and enabled targeting of a larger segment of the semi-urban and rural population resulting in growth in rural policies.
7.
BRAND
Advertising space in life insurance industry is highly cluttered and the biggest challenge faced by your company was to create a distinct identity for its brand. In December, 09, a new Child Plan TV campaign was launched. The ad was well received. The new tag line “Faidey Ka Insurance” is based on your company’s core strength of “Investment Expertise” and neatly combines the idea of good returns with protection.
The TV campaign in December was followed by extensive Outdoor, radio and internet campaigns spread across India, from Jan. to Mar., 2010. To further strengthen the impact of the campaign your Company in association with Mattel India conducted a Scrabble Championship in 8 cities, reaching out to 85,000 children in 171 schools. As per AC Nielsen – ORG MARG’s March, 2010 survey, your company’s total brand awareness scores have moved up from 82% in March, 2009 to 92%.
Last year your company spread its internet footprint beyond lead generation to include initiatives such as Online Brand Promotion, Social Media Optimization and Search Engine Optimization. Cost reduction was another area of focus and inspite of increase in output your company managed to reduce the collateral printing and logistics cost significantly. In all 15 products and 15 funds were either launched or repackaged, enabling your company to offer a better portfolio for its customers.
8.
PRODUCTS
Year 2009-2010 was an important year in terms of the product portfolio, as the entire ULIP basket was realigned to meet IRDA’s regulation on ‘Cap on Charges’.
During the year, your Company modified its ULIP product portfolio by revising 12 of its existing products. These modified versions offer reduced charges resulting in a higher yield to the customer. The non-ULIP offering was boosted with the introduction of two revised plans, Kotak Term Plan and Kotak Preferred Term Plan. The revision resulted in around 35% reduction in Term rates making the products more competitive.
The key products in your company’s portfolio are Kotak Super Advantage, Kotak Platinum Edge, Kotak Guaranteed Pension Builder and Kotak Headstart Child plans. Kotak Super Advantage is a smart investment plan that optimizes returns through a combination of guaranteed returns
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and high premium allocation. Kotak Platinum Edge is an investment oriented protection plan with unparalleled flexibility, targeted at high net worth individuals. Kotak Guaranteed Pension Builder that provides safety of capital along with inflation beating returns further strengthens the retirement basket. Kotak Headstart Plans are customized child plans with two variants that maximise wealth along with protection and provide additional survival units.
Your Company also filed 4 specific products for the Online Sales Channel this year. These products include 2 Unit Linked, one each in Retirement and Investment categories and 2 Non-Unit linked Term Insurance Plans. These Term Insurance Plans are versions of the existing Term and Preferred Term plans with further reduced rates. The entire product basket for this channel offers simple products that promise value for money.
9. RURAL AND SOCIAL SECTORS
During the year the Company’s distribution was extended to Tier - II cities and rural areas. 64,337 policies (Previous year – 103,335) were written in the rural sector representing 20.06% (Previous year – 20.86) of the total policies. This is higher than the regulatory requirement as per the IRDA (Obligations of Insurers to Rural and Social Sectors) Regulations, 2002 of 19% of the total policies written in the financial year from the rural sector.
Outperforming the regulatory requirement of covering 45,000 lives in the social sector, your company covered 131,166 lives (Previous year 70,922 lives). Tie-up with 5 new Micro Finance Institutions helped achieving these numbers. Your company takes the social sector targets not as an obligation, but with a sense of duty as a Life Insurance Company.
10. INDUSTRY SCENARIO
The Insurance industry is entering into the next phase of consolidation. The Regulation pertaining to cap on charges will result in driving up efficiency and productivity. Companies will have to minimize costs, reduce capital infusion and focus on providing deep value to investors and stakeholders. The union budget presented in February 2010 has abolished service tax on premium allocation and administration charge and this should result in savings for Customers. Together, these measures will result in tangible and sustained value creation for all stakeholders.
11. HUMAN RESOURCES
We are happy to inform you that the Leave Management System and Performance Management (Appraisals) have been automated this year. On the Engagement side, we had run the Gallup Survey to check for employee engagement levels, and are happy to inform you that our scores have improved since the last survey which was done 3 years ago. The action planning on the survey feedback will be taken up this year. With the external environment becoming more demanding, the development agenda this year would include more employees, with personal, managerial and leadership effectiveness gaining further impetus. Special emphasis is being placed on to transfer these learning’s into clear and tangible outcomes for the organization.
12. INFORMATION TECHNOLOGY
Your company has ramped up its technology backbone and made significant progress in improving self service capabilities of its customers, Life Advisors and employees, substantially improving overall process efficiencies. This has empowered our valued stakeholders, enabling them to use information efficiently and to their best advantage while reducing dependence on assorted outside sources, resulting in saving of time, efforts and cost. In recognition of its stellar efforts, your company has won the prestigious NASSCOM, CNBC TV 18 IT User Award and the Edge Award for the use of IT for maximising business impact.
13. OPERATIONS AND CUSTOMER SERVICE
In FY 2009-10 your company introduced several new and innovative customer-centric initiatives, and made significant strides in up scaling its existing initiatives to deliver seamless, world class customer experience.
Your company introduced the novel Welcome Calling initiative to new customers to inform them about their policy features, Online PDR (Premium deposit receipt) generation, Online Minor revival facility to revive policies in cases of minor lapse, Group Customer Portal to provide online access to Group Insurance customers to view policy details and perform online transactions like switches etc., and a new initiative for Policy Servicing for quick, efficient, cost effective and delightful customer service. Further, your company has established a centralised payment Cell for handling of all pre & post conversion refund payments to ensure faster payments & better control. Your company has also created a stand alone SMS platform to send manual SMS alerts to customers. The mandate of the Lapse Out calling initiative has been widened to include revival of policies in addition to reminders to customers in cases of policy lapsations.
14. COMPLIANCE AND INTERNAL CONTROL
The Compliance and Internal Control function is not only the custodian of regulatory framework but also counsels other functions within the Company on the changing regulations and their implications within the industry. During the financial year there were many new significant
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circulars, some of these were Cap on charges, Corporate Governance, Public Disclosures etc. All the Regulatory changes were implemented in a timely and smooth manner. Your Company believes in proactive compliance to ensure that our practices are amongst the best in the industry. The Compliance processes of your Company are complimented by independent audit conducted across various functions.
As a part of good Corporate Governance, the Audit Committee reviews the findings of the internal auditors who report directly to the Audit Committee.
Your Company has a Compliance Policy and a Risk Management framework in place, in order to mitigate risks across the various functions of the Company and suitable measures are taken to proactively manage risks at all levels.
15. INVESTMENTS
Your Company manages its investments within the overall framework laid out by the Investment Committee as well as the IRDA. The Company has implemented systems to help in analysis of investment portfolio, which acts as an enabler to the front-end Investment team in asset allocation and stock selection. Further, the Company has well staffed Investment team which has been structured for effective function and independent checks to constantly monitor investment performance and analysis. The total Assets under Management for traditional and Unit Linked Funds has crossed Rs. 6,700 crores during FY 10.
16. PROCESS EXCELLENCE
You will be glad to know that in FY 2009-10, the Corporate Marketing and Communications, Treasury and Investment, Accounts and Finance and Human Resources departments of your company achieved the prestigious ISO 9001:2008 certification awarded by TÜV SÜD, the global certifying organisation. This is in addition to Central Processing Centre including Customer Service, Underwriting and Claims department which continue to be certified by the said standard.
17. CORPORATE GOVERNANCE
Your Company has consciously endeavoured to follow the policy of transparency, accountability and always held the interest of all its stakeholders to be of paramount importance. Your Company has implemented the requirement of Corporate Governance circular issued by IRDA. Further it also complies with most of the provisions of the Listing Agreement of the Stock Exchanges with regard to corporate governance, although the same are not applicable.
18. BOARD OF DIRECTORS AND COMMITTEES
Mr. Shivaji Dam and Mr. Crispin Sonn who are liable to retire by rotation at the ensuing Annual General Meeting of the Company, are eligible for re-appointment.
During the year, Mr. Andrew Cartwright, alternate director to Mr. Paul Hanratty resigned w.e.f. April, 28, 2009 and Mr. Mukesh Mittal was appointed as alternate director to Mr. Paul Hanratty w.e.f. April 29, 2009.
Mr. Mukesh Mittal, alternate director to Mr. Paul Hanratty ceased to be director w.e.f. September 10, 2009 and Mr. Andrew Cartwright was appointed as alternate director to Mr. Paul Hanratty w.e.f. September 30, 2009. Mr. Hasan Askari, director resigned from directorship w.e.f. September 30, 2009 and Mr. Rafael Galdon was appointed as director to fill up the casual vacancy caused by resignation of Mr. Hasan Askari w.e.f. September 30, 2009.
Mr. Paul Hanratty has resigned from the directorship of the Company on February 11, 2010, subsequent to which Mr. Andrew Cartwright alternate director to Mr. Paul Hanratty ceased to be director w.e.f. February 11, 2010. Mr. Crispin Sonn was appointed as director to fill up casual vacancy caused by resignation of Mr. Paul Hanratty w.e.f. February 11, 2010.
The Board places on record its appreciation for the valuable guidance and contribution made by all the directors during their tenure as directors of the Company.
Mr. Gaurang Shah, is stepping down as Managing Director w.e.f. April 30, 2010. However, considering his vast experience in the field of finance and insurance, he is appointed as additional director on Board of the Company w.e.f. May 1, 2010. Pursuant to the proviso of Section 260 of the Companies Act, 1956, he holds office as a director upto the date of this Annual General Meeting but is eligible to be appointed as a Director in terms of Section 257 of the Companies Act, 1956, the Company has received notice in writing from a member along with a requisite deposit of Rs. 500/- proposing the candidature of Mr. Gaurang Shah for his appointment as Director.
Mr. Pankaj Desai is appointed as Managing Director in place of Mr. Gaurang Shah w.e.f. May 1, 2010 for a period of three years subject to approval of shareholders and Insurance Regulatory and Development Authority. The approval of the shareholders in this regard is sought at the ensuing Annual General meeting of the Company.
Your Company has ten Directors on its Board. Eight of such Directors are Non-Executive Directors out of which four are Independent Directors. The Chairman of the Board holds a non-executive position and the Chairman of Audit Committee is an Independent Director.
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The following are the Members of the Board of Directors, along-with their positions in respective Committees of the Board: Member of the Board of Directors
Audit Committee
Investment Committee
Banking Committee
Remuneration Committee
Uday Kotak
Chairman
—
—
—
Chairman
Rafael Galdon
Vice-Chairman
Member
Member
—
Member
Gaurang Shah
Managing Director
Invitee
Member
Member
Member
Shivaji Dam
Independent Director
Member
Member
Chairman
—
Crispin Sonn
Director
—
—
—
—
Dipak Gupta
Director
Member
Chairman
—
—
Pallavi Shroff
Independent Director
—
—
—
—
S. S. Thakur
Independent Director
Chairman
—
—
—
Vineet Nayyar
Independent Director
—
—
—
—
Pankaj Desai
Whole-time Director
—
Member
—
—
During the year under review, meetings of the Board of Directors, Audit and Investment Committees of the Board were held on the following dates: Board Meeting
Audit Committee Meeting
Investment Committee Meeting
April 29, 2009
April 29, 2009
April 28, 2009
September 30, 2009
September 30, 2009
September 29, 2009
December 11, 2009
December 11, 2009
December 10, 2009
February 11, 2010
February 11, 2010
February 10, 2010
19. AUDITORS
M/s. S. R. Batliboi & Co., Chartered Accountants and M/s. M. P. Chitale & Co., Chartered Accountants, the Joint Statutory Auditors of the company retire at the conclusion of the ensuing Annual General Meeting and being eligible offer themselves for reappointment.
20. MANAGEMENT REPORT
Pursuant to the provisions of Regulation 3 of the Insurance Regulatory and Development Authority (Preparation of Financial Statements and Auditor’s Report of Insurance Companies) Regulations, 2002, the Management Report forms a part of the financial statements.
21. STATUTORY INFORMATION
PUBLIC DEPOSITS:
During the period under review, your Company has not accepted any deposits from the public.
PARTICULARS OF EMPLOYEES:
The information required under Section 217(2A) of the Companies Act, 1956, read with the Companies (Particulars of Employees) Rules, 1975 is enclosed herewith.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO:
i.
Conservation of Energy and Technology Absorption:
In view of the nature of business of the company, the information relating to the conservation of energy and technology absorption as required under Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules, 1988, is not required to be given.
ii.
Foreign Exchange Earnings and Outgo: (Rs. in Crores) 2009-10
2008-09
Foreign Exchange Earned:
NIL
NIL
Foreign Exchange Outgo:
18.83
19.86
Particulars
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22. DIRECTORS’ RESPONSIBILITY STATEMENT
Based on representations from the Management, your Directors state, in pursuance of Section 217(2AA) of the Companies Act, 1956, that:
a.
Your Company has, in the preparation of the annual accounts for the year ended 31st March, 2010, followed the applicable accounting standards along-with proper explanations relating to material departures, if any;
b.
The Directors have selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent, so as to give a true and fair view of the state of affairs of your Company as at 31st March, 2010, of the surplus in the Revenue Account and the loss in the Profit and Loss Account of your Company for the financial year ended 31st March, 2010;
c.
The Directors have taken proper and sufficient care to the best of their knowledge and ability, for the maintenance of adequate accounting records in accordance with the provisions of the Act, for safeguarding the assets of your Company and for preventing and detecting fraud and other irregularities; and
d.
The Directors have prepared the annual accounts on a going concern basis.
23. In response to point no. 9 “Disclosure Requirements” of CORPORATE GOVERNANCE GUIDELINES FOR INSURANCE COMPANIES, following are the additional disclosures:
– Quantitative and qualitative information on the insurer’s financial and operating ratios, namely, incurred claim, commission, and expenses ratios: Year ending March, 2010
Year ending March, 2009
2.88%
2.51%
14.44%
7.86%
11.11%
15.44%
6.07%
9.67%
(1) Claims Ratio:
a. b.
Claims as % of Total Premium (Claims does not include Surrender, Maturity and Survival Benefits) Surrender, Maturity and Survival benefits as % of Total Premium
(2) Commission Ratio:
a.
New Business Commission as a % of New Business Premium
b.
Total Commission as a % of Total Premium
(3) Expenses Ratio:
a.
Policy holder expenses as a % of Total Premium (Policy holder expenses does not include service tax expense)
18.84%
24.86%
b.
Ratio of expenses of management
26.08%
35.60%
Year ending March, 2010
Year ending March, 2009
Actual
2.80
2.69
Required
1.50
1.50
Year ending March, 2010
Year ending March, 2009
Lapse including ACM Ratio
20.40%
19.80%
Conservation Ratio = C. Year Pure Renewal / (P. Year NB+P. Year Pure Renewal)
70.50%
65.50%
– Actual Solvency margin details vis-a-vis the required margin:
– Policy lapse ratio:
– Financial performance including growth rate and current financial position of the insurer
Covered under Financial Results section of this Report
– A description of the risk management architecture
Forms part of the Management Report
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– Details of number of claims intimated, disposed of and pending with details of duration: Total Death Claims Summary Claims O/S at Start of Year
March, 2009
March, 2010 Count
(Rs. Cr.)
Count
(Rs. Cr.)
250
7.44
251
4.80
Claims Intimated
3295
100.26
1943
44.32
Claims Settled
3140
91.53
1731
34.89
Claims Repudiated
110
4.84
213
6.79
Claims O/S from date of intimation at End of Year*
295
11.33
250
7.44
243
9.58
213
6.36
3 months and less than 6 months
27
0.90
28
0.73
6 months and less than 1 year
10
0.32
1
0.02
*Ageing for Claims O/S from date of inception at End of Year Less than 3 months
1 year and above Total
15
0.53
8
0.32
295
11.33
250
7.44
– All pecuniary relationships or transactions of the Non-Executive Directors vis-à-vis the insurer shall be disclosed in the annual report
Forms part of the Management Report 24. ACKNOWLEDGEMENTS
The Directors thank the Insurance Regulatory and Development Authority for its continuous support. The Directors are grateful for the continued faith that the policyholders have reposed. The Directors acknowledge the support extended by their shareholders and express their appreciation of the fine performance of the employees that made this year a notable one.
For and on behalf of the Board of Directors Uday Kotak Chairman
Place : Mumbai Date : 27th April, 2010
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Management Report for the year ended March 31, 2010
In accordance with the Insurance Regulatory and Development Authority (Preparation of Financial Statements and Auditor’s Report of Insurance Companies) Regulations, 2002, the Board of Directors presents its Management Report for the year ended March 31, 2010. 1.
Validity of Registration: Your Directors confirm that the registration granted to the Company by the Insurance Regulatory and Development Authority is valid on this date.
2.
Statutory Dues: Your Directors certify that all the dues payable to the statutory authorities have been duly paid.
3.
Shareholding pattern: Your Directors confirm that the shareholding pattern and transfer of shares during the year are in accordance with the statutory and regulatory requirements.
4.
Investment of policyholders’ funds: During the year, your Company has not directly or indirectly invested outside India the funds of the holders of policies issued in India.
5.
Solvency margins: Your Directors confirm that the solvency margins as required by regulations prescribed by Insurance Regulatory and Development Authority of India have been maintained.
6.
Values of assets: Your Directors certify that the values of all the assets have been reviewed on the date of the Balance Sheet and that the assets set forth in the Balance Sheet are shown in the aggregate at amounts not exceeding their realisable or market value under the several headings – “Loans”, “Investments”, “Agents balances”, “Outstanding Premiums”, “Interest, Dividends and Rents outstanding”, “Interest, Dividends and Rents accruing but not due”, “Amounts due from other persons or bodies carrying on insurance business”, “Sundry Debtors”,” Bills Receivable” “Advances and other assets”, “ Cash” and the several items specified under “Other Accounts.”
7.
Application of life insurance funds: Your Directors certify that no part of the life insurance fund has been directly or indirectly applied in contravention of the provisions of the Insurance Act, 1938 (4 of 1938) relating to the application and investment of the life insurance funds.
8.
Risk exposure: Your Company recognises the risks associated with the life insurance business and plans to manage it by adopting prudent policies commensurate with the needs of the life insurance business. The key risks affecting the operations of the Company are underwriting risks, investment risks and operational risks.
The underwriting risk is managed by the Company’s underwriting function and further by establishing reinsurance treaties with various reinsurance companies. All risks above the pre-determined retention limits are reinsured.
The investment risk is managed by creating a portfolio of different asset classes and of varied maturities so as to spread the risk across a wide category of investee companies. Your Company has constituted an Investment Committee of the Board of Directors, which acts as the policy making body for the investment operations. The Investment Committee lays down various internal policies and norms governing the functioning of the Investment Department. The investment strategy framed is kept appropriate to the underlying liabilities of the policyholders. The Investment Committee periodically discusses the investment strategy, portfolio structures, performance of the portfolio and other issues relating to the investment portfolio. This is then approved by the Board of Directors. The Investment Committee has in turn constituted the Asset & Liability Management Committee (ALM) and Credit Committee. The Asset & Liability Management Committee (ALM) reviews the Asset Liability Management Strategy, Investment Risk Management Strategy and other related risks periodically. The Credit Committee approves the credit limit for each Investee Company and approves the initial investment in any company. The committee also does a periodical review of the existing exposure of debt investments in other companies.
The company has established a Risk Management Framework to manage, control and mitigate operational risks. Each function is required to ensure that all processes are documented, process risks are identified and that steps are taken to mitigate identified operational risks. An independent risk management function, in turn, reviews the risks identified, the effectiveness of the operational controls and ensures that risk mitigation steps suggested are implemented. Operational risks are also mitigated by audits conducted by an independent internal audit team. The Risk Committee meets at periodic intervals and lays down and reviews various internal policies and norms governing the risk function across the company. The Committee also reviews the top risks, mitigations implemented and progress made by the Risk Management Function.
9.
Operations in other countries: Your Directors confirm that during the year ended March 31, 2010, your Company had no operations in other countries.
10. Ageing of claims: Claims registered and not settled: Period 30 days 30 days to 6 months 6 months to 1 year 1 year to 5 years 5 years and above Total
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Traditional Business Number of Claims Amount Involved 354 687.97 — — — — — — — — 354 687.97
(Rs. in lakhs) Linked Business Number of Claims Amount Involved 1056 2015.37 — — — — — — — — 1056 2015.37
Ageing of claims has been done from the date of receipt of all claim requirements from the claimant.
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11. Valuation of investments:
For the Shareholders’ and non-linked policyholders’ investments your company considers its debt securities as ‘held to maturity’ and measures them at amortised cost. Accretion of discount and amortisation of premium relating to debt securities is recognized over the maturity period on a straight line basis. Listed equity shares as at Balance Sheet date are stated at fair value being the lower of last quoted closing price on Bombay Stock Exchange Limited (“BSE”) and the National Stock Exchange Limited (“NSE”). Equity shares awaiting listing are stated at historical cost subject to provision for diminution, if any. Unrealized gains/ losses arising due to changes in the fair value of listed equity shares are taken to “Fair Value Change Account” and carried forward to Balance Sheet where the net balance is positive. Negative balance in the "Fair Value Change Account" is recognized in the Revenue Account\Profit and Loss Account to the extent of negative balance in “Fair Value Change Account as reduced by the amount previously provided in the Revenue Account\Profit and Loss Account. All the shares in the Company’s portfolio are quoted.
In respect of the unit-linked business, all securities are valued on a ‘Mark to Market’ basis. The discount on purchase of treasury bills, certificate of deposit and commercial papers are amortized over the period to maturity on a straight line basis. Floating rate instruments are valued at cost.
12. Review of asset quality and performance of investment: Your directors confirm that all the investments are performing investments. Your Company has investments in debt securities issued by the Government of India, public financial institutions, select banks and public sector undertakings with a AA and above rating/guaranteed by the Government. Shares of blue chip companies quoted on Indian Stock Exchanges are also a part of your Company’s investment portfolio. 13. Responsibility Statement: Your Directors state that:
(a) In the preparation of financial statements, the applicable accounting standards, principles and policies have been followed;
(b) The accounting policies have been adopted and applied consistently and the judgements and estimates made are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the year and of the surplus under Revenue Account and of the profit in the Profit and Loss Account for the year ended March 31, 2010;
(c) Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the applicable provisions of the Insurance Act 1938 (4 of 1938)/Companies Act, 1956 (1 of 1956), for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;
(d) The financial statements are prepared on a going concern basis;
(e) An internal audit system commensurate with the size and nature of the business exists and is operating effectively.
14. Schedule of payments made to individuals, firms, companies and organizations in which the Directors are interested:
Your Company has made the following payments to individuals, firms, companies and organizations in which the Directors are interested: Sl. Name of the Director/s No. 1. Uday Kotak, Shivaji Dam, Dipak Gupta 2. Uday Kotak 3. Uday Kotak 4.
5. 6. 7. 8.
Uday Kotak, Shivaji Dam, Dipak Gupta Vineet Nayyar Pallavi Shroff SS Thakur SS Thakur
Entity in which Director is interested
Interested as
Amount of payment during the financial year (Rs in lakhs) 4089.06
Kotak Mahindra Bank Ltd.
Director
Kotak Securities Ltd. Kotak Mahindra Asset Management Company Ltd. Kotak Mahindra Prime Ltd.
Director Director
744.55 392.68
Director
141.30
The Mahindra Holiday & Resorts India Ltd. Juniper Hotels Private Ltd. Central Depository Services (I) Ltd. Kamat Hotels India Ltd.
Director Director Director Director Total
9.23 1.15 0.50 0.33 5378.8
Kotak Mahindra Old Mutual Life Insurance Limited
Uday Kotak
Gaurang Shah
Chairman
Managing Director
Place : Mumbai Date : April 27, 2010
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li mi te d
9
Auditors’ Report
To the Members of Kotak Mahindra Old Mutual Life Insurance Limited 1.
We have audited the attached Balance Sheet of Kotak Mahindra Old Mutual Life Insurance Limited ('the Company') as at March 31, 2010, the related Revenue Account, the Profit and Loss Account and the Receipts and Payments Account for the year ended on that date annexed thereto, which we have signed under reference to this report. These financial statements are the responsibility of the management of the Company. Our responsibility is to express an opinion on these financial statements based on our audit.
2.
We conducted our audit in accordance with auditing standards generally accepted in India. These standards require that we plan and perform the audit to obtain reasonable assurance as to whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
3.
The Balance Sheet, the Revenue Account, the Profit and Loss Account and the Receipts and Payments Account have been drawn up in accordance with the Insurance Act, 1938 (Act 4 of 1938), Insurance Regulatory and Development Act, 1999, Insurance Regulatory and Development Authority (Preparation of Financial Statements and Auditors' Report of Insurance Companies) Regulations 2002 ('the Regulations') read with Section 211 of the Companies Act, 1956.
4.
As required by the Regulations, we set out in the Annexure, a statement certifying the matters specified in paragraph 4 of Schedule C to the Regulations.
5.
Further to our comments in the Annexure referred to above, we report that:
(a) We have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purposes of the audit and have found them to be satisfactory;
(b) In our opinion and to the best of our information and according to the explanations given to us, proper books of account as required by law have been maintained by the Company, so far as appears from our examination of those books;
(c) As the Company's financial accounting system is centralised, no returns for the purposes of our audit are prepared at the branches of the Company;
(d) The Balance Sheet, the Revenue Account, the Profit and Loss Account and the Receipts and Payments Account referred to in this report are in agreement with the books of account;
(e) The actuarial valuation of policyholders' liabilities is the responsibility of the Company's Appointed Actuary ('the Appointed Actuary'). The actuarial valuation of these liabilities as at March 31, 2010 has been duly certified by the Appointed Actuary and in his opinion, the assumptions for such valuation are in accordance with the guidelines and norms issued by the Insurance Regulatory Development Authority ('IRDA') and the Institute of Actuaries of India in concurrence with IRDA. We have relied upon Appointed Actuary's certificate in this regard for forming our opinion on the financial statements of the Company;
(f)
6.
In our opinion and to the best of our information and according to the explanations given to us, we further report that:
(a) The investments have been valued in accordance with the provisions of the Insurance Act, 1938, the Regulations and/or orders/directions issued by IRDA in this behalf;
(b) The accounting policies selected by the Company are appropriate and are in compliance with the applicable accounting standards and with the accounting principles as prescribed in the Regulations and orders/directions issued by IRDA in this behalf;
(c) The Balance Sheet, the Revenue Account, the Profit and Loss Account and the Receipts and Payments Account referred to in this report are in compliance with the applicable accounting standards referred to under sub-section(3C) of Section 211 of the Companies Act, 1956; and
On the basis of written representations received from the Directors of the Company, as on March 31, 2010 and taken on record by the Board of Directors, none of the Directors is disqualified as on March 31, 2010 from being appointed as a Director in terms of clause (g) of sub-section (1) of Section 274 of the Companies Act, 1956.
(d) The Balance Sheet, the Revenue Account, the Profit and Loss Account and the Receipts and Payments Account together with the notes thereon and attached thereto are prepared in accordance with the requirements of the Regulations, the Insurance Act, 1938, the Insurance Regulatory and Development Authority Act, 1999 and the Companies Act, 1956, to the extent applicable and in the manner so required and give a true and fair view in conformity with applicable accounting principles generally accepted in India as applicable to insurance companies: i. in the case of the Balance Sheet, of the state of affairs of the Company as at March 31,2010 ii. in the case of Revenue Account, of the surplus for the year ended on that date; iii. in the case of Profit and Loss account, of the profit for the year ended on that date; and iv. in the case of the Receipts and Payments Account, of the receipts and payments for the year ended on that date.
10
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
7.
Further, on the basis of our examination of books and records of the Company and according to the information and explanations given to us, we certify to the best of our knowledge and belief that:
(a) We have reviewed the Management Report attached to the financial statements for the year ended March 31, 2010, and there is no apparent mistake or material inconsistencies with the financial statements; and
(b) Based on information and explanations received during the normal course of our audit, management's representations made to us and the compliance certificate submitted to the Board by the officers of the Company charged with compliance and the same being noted by the Board, nothing has come to our attention which causes us to believe that the Company has not complied with the terms and conditions of registration as per sub-section 4 of section 3 of the Insurance Act, 1938.
For S. R. Batliboi & Co.
For M. P. Chitale & Co.
Firm Registration No.: 301003E
Firm Registration No.: 101851W
Chartered Accountants
Chartered Accountants
per Shrawan Jalan
Murtuza Vajihi
Partner
Partner
Membership No. 102102
Membership No. 112555
Place : Mumbai
Place : Mumbai
Date : April 27, 2010
Date : April 27, 2010
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li mi te d
11
Annexure to the Auditors’ Report
(Referred to in the Auditors' Report to the members of Kotak Mahindra Old Mutual Life Insurance Limited ('the Company') on the accounts for the year ended March 31, 2010)
Auditors' Certificate To the Members of Kotak Mahindra Old Mutual Life Insurance Limited Based on the information and explanations given to us and to the best of our knowledge and belief, we certify that: 1.
We have verified the cash balances, to the extent considered necessary, and securities relating to the Company's investments as at March 31 2010, by actual inspection or on the basis of certificates/confirmations received from the custodian and/or Depository Participant appointed by the Company, as the case may be. As at March 31, 2010, the Company does not have reversions and life interests;
2.
The Company is not a trustee of any trust; and
3.
No part of the assets of the Policyholders' Funds has been directly or indirectly applied in contravention to the provisions of the Insurance Act, 1938, relating to the application and investments of the Policyholders' Funds.
This certificate is issued to comply with Schedule C of the Insurance Regulatory and Development Authority (Preparation of Financial Statements and Auditor's Report of Insurance Companies) Regulations 2002, ('the Accounting Regulations') read with Regulation 3 of the Accounting Regulations and may not be suitable for any other purpose.
For S. R. Batliboi & Co.
For M. P. Chitale & Co.
Firm Registration No.: 301003E
Firm Registration No.: 101851W
Chartered Accountants
Chartered Accountants
per Shrawan Jalan
Murtuza Vajihi
Partner
Partner
Membership No. 102102
Membership No. 112555
Place : Mumbai
Place : Mumbai
Date : April 27, 2010
Date : April 27, 2010
12
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
FORM A-RA — Revenue Account for the year ended March 31, 2010 Policyholders' Account (Technical Account) (Amounts in thousands of Indian Rupees) Particulars
Schedule
Premiums earned – net (a) Premium (b) Re-insurance ceded (c) Re-insurance accepted Income from investments (a) Interest, Dividends and Rent Gross – Net of accretion/amortization of Discount/ Premium (Refer Schedule 16 – Note 15(D)) (b) Profit on sale/redemption of investments (c) (Loss on sale/redemption of investments) (d) Transfer/Gain on revaluation/change in fair value Other Income (a) Contribution from Shareholders’ Account (Refer Schedule 16 – Note 11) (b) Miscellaneous income (c) Profit/(Loss) on sale of fixed assets (Net) Total (A) Commission Operating Expenses related to Insurance Business Provision for doubtful debts Bad debts written off Provision for tax (Fringe Benefit Tax) Provisions (other than taxation) (a) For diminution in the value of investments (Net) (b) Others Total (B) Benefits paid (net) Interim Bonuses paid Change in valuation of liability in respect of life policies, (a) Gross (b) Amount ceded in Reinsurance (c) Amount accepted in Reinsurance Provision for Linked Liabilities Total (C) Surplus/(Deficit) (D) = (A) – (B) – (C) Appropriations Transfer to Shareholders' Account (Refer Schedule 16 - Note 10) Transfer to Other Reserve Balance being Funds for Future Appropriations Surplus after Appropriation
Year ended March 31, 2010
1
2 3
4
Year ended March 31, 2009
28,680,489 (181,963) —
23,431,925 (354,516) —
2,600,612
1,710,812
3,581,464 (865,137) 5,222,304
1,370,387 (5,747,903) (785,482)
176,960 28,267 693 39,243,689 1,679,165 5,738,369 — — — — (71,688) — 7,345,846 4,966,829 —
301,290 28,630 (53) 19,955,090 2,254,323 6,076,657 — — 26,824 — 528 — 8,358,332 2,430,395 —
2,165,947 — 23,075,443 30,208,219 1,689,624
1,749,734 — — 6,659,401 10,839,530 757,228
708,478 — 966,294 14,852
202,069 — 554,142 1,017
1,689,624 37,981 14,852 52,833 — 197,236 14,852
757,228 36,964 1,017 37,981 — 111,251 1,017
Total (D) SURPLUS/(DEFICIT) BROUGHT FORWARD Surplus after Appropriation SURPLUS/(DEFICIT) CARRIED FORWARD TO BALANCE SHEET (a) Interim Bonuses Paid (b) Allocation of Bonus to Policyholders (c) Surplus/ (Deficit) shown in the Revenue Account
212,088 Total Surplus: [(a) + (b) + (c)] 112,268 The Schedules and accompanying notes are an integral part of this Revenue Account. As required by Section 40-B (4) of the Insurance Act, 1938, we certify that all expenses of Management in respect of life insurance business transacted in India by the Insurer have been fully recognized in this Revenue Account. As per our report of even date attached For and on behalf of the Board of Directors For M. P. Chitale & Co. Chartered Accountants
For S. R. Batliboi & Co. Firm Registration No.:301003E Chartered Accountants
Uday Kotak Chairman
Rafael Galdon Vice-Chairman
Dipak Gupta Director
Murtuza Vajihi Partner
Shrawan Jalan Partner Membership No-102102
G. Murlidhar Chief Operating Officer & Company Secretary Mumbai April 27, 2010
Gaurang Shah Managing Director
Andrew Cartwright Appointed Actuary
Mumbai April 27, 2010
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li mi te d
13
Registration No: 107; Date of Registration: January 10, 2001 Form A-PL— Profit and Loss Account for the year ended March 31, 2010 Shareholders’ Account (Non-technical Account) (Amounts in thousands of Indian Rupees) Particulars
Schedule
Year ended March 31, 2010
Year ended March 31, 2009
708,478
202,069
176,108
209,619
28,171
117,595
Amounts transferred from Policyholders’ Account (Technical Account) (Refer Schedule 16 – Note 10) Income from Investments (a) Interest, Dividends and Rent Gross- Net of amortisation (Refer Schedule 16 – Note 15(D)) (b) Profit on sale/redemption of investments
(13)
(c) (Loss on sale/redemption of investments)
(64,174)
—
—
912,744
465,109
43,538
20,418
—
—
(a) For diminution in the value of investments (Net)
—
—
(b) Provision for doubtful debts
—
—
Other Income
Total (A)
Expenses other than those directly related to the insurance business Bad debts written off Provisions (other than taxation)
(c) Others
– Contribution to the Policyholders Fund (Refer Schedule 16 – Note 11)
176,960
301,290
Total (B)
220,498
321,708
692,246
143,401 —
Profit before tax Provision for taxation
– Current Year
—
– Earlier Year
—
—
692,246
143,401
Profit after tax Appropriations
(3,243,421)
(a) Balance at the beginning of the year
(3,386,822)
(b) Interim dividends paid during the year
—
—
(c) Proposed final dividend
—
—
(d) Tax on dividend distributed
—
—
(e) Transfer to reserves/other accounts
— (2,551,175)
Loss carried to the Balance Sheet
— (3,243,421)
1.36
Earnings Per Share (Basic and Diluted) (in Rs.) (Refer Schedule 16 – Note 21) The Schedules and accompanying notes are an integral part of this Profit and Loss Account.
As per our report of even date attached
For and on behalf of the Board of Directors
For M. P. Chitale & Co. Chartered Accountants
For S. R. Batliboi & Co. Firm Registration No.:301003E Chartered Accountants
Uday Kotak Chairman
Rafael Galdon Vice-Chairman
Dipak Gupta Director
Murtuza Vajihi Partner
Shrawan Jalan Partner Membership No-102102
G. Murlidhar Chief Operating Officer & Company Secretary Mumbai April 27, 2010
Gaurang Shah Managing Director
Andrew Cartwright Appointed Actuary
Mumbai April 27, 2010
14
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
0.29
Registration No: 107; Date of Registration: January 10, 2001
Form A-BS — Balance Sheet as at March 31, 2010 (Amounts in thousands of Indian Rupees) Particulars
Schedule
Sources of Funds Shareholders’ Funds: Share Capital Reserves and Surplus Credit/[Debit] Fair Value Change Account Sub-Total Borrowings Policyholders’ Funds: Credit/[Debit] Fair Value Change Account Policy Liabilities – Participating – Non-participating – Annuities Participating – Annuities Unit – Linked Non-Participating – Unit-Linked Non-Participating (Refer Schedule 16 – Note 4) Insurance Reserves – Participating – Non-participating – Annuities Participating – Annuities Unit-Linked Non-Participating – Unit-Linked Non-Participating (Refer Schedule 16 – Note 18) Linked Liabilities Fair Value Change Total Provision for Linked Liabilities Sub-Total Funds for Future Appropriation:-Linked Liabilities Others Total Application of Funds Investments – Shareholders’ – Policyholders’ Assets Held to Cover Linked Liabilities Loans Fixed Assets Current Assets Cash and Bank Balances Advances and Other Assets Sub-Total (A) Current Liabilities Provisions Sub-Total (B) Net Current Assets (C) = (A – B) Miscellaneous Expenditure (To the extent not written off or adjusted) Debit Balance in Profit and Loss Account (Shareholders’ Account) – (Refer Schedule 16 – Note 2(q) & 29)
5 6
7
As at March 31, 2010
As at March 31, 2009
5,102,902 520,363 —
5,102,902 520,363 —
5,623,265 —
5,623,265 —
49,810
56,428,443 (4,025,871) — —
5,354,202 1,094,841 422,748 66,037 2,298,959
4,596,018 709,480 360,032 44,181 1,361,127
14,110 — 38,723 — —
— — 37,981 — —
52,402,572 61,742,002 2,055,916 1,009 69,422,192
30,419,252 (1,196,433)
2,491,819 10,147,431 54,458,488 52,194 559,925
8 8A 8B 9 10
2,823,103 6,277,699 30,307,971 58,251 568,966
869,540 1,062,771 1,932,311 2,599,778 171,373 2,771,151 (838,840) — 2,551,175
11 12 13 14
15
29,222,819 36,331,638 1,085,152 1,009 43,041,064
1,282,719 939,215 2,221,934 2,320,434 139,847 2,460,281 (238,347) — 3,243,421
69,422,192
43,041,064
The Schedules and accompanying notes are an integral part of this Balance Sheet. As per our report of even date attached
For and on behalf of the Board of Directors
For M. P. Chitale & Co. Chartered Accountants
For S. R. Batliboi & Co. Firm Registration No.:301003E Chartered Accountants
Uday Kotak Chairman
Rafael Galdon Vice-Chairman
Dipak Gupta Director
Murtuza Vajihi Partner
Shrawan Jalan Partner Membership No-102102
G. Murlidhar Chief Operating Officer & Company Secretary Mumbai April 27, 2010
Gaurang Shah Managing Director
Andrew Cartwright Appointed Actuary
Mumbai April 27, 2010
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li mi te d
15
Registration No: 107; Date of Registration: January 10, 2001
Statement of receipts and payments as on March 31, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) Year ended March 31, 2010
Year ended March 31, 2009
Premium and Other receipt from Customer
28,805,450
23,550,517
Payments of other operating expenses
(5,406,339)
(6,456,721)
Payments of commission and brokerage
(1,705,673)
(2,415,380)
Particulars Cash Flows from Operating Activities
16,416
(52,233)
(137,077)
(190,741)
(5,256,527)
(2,430,676)
Advances/Loans/Deposits placed Reinsurance premium (net of claims and commission) Claims paid (net of reinsurance)
(8,522)
Income-tax paid
(6,618)
—
Fringe benefit tax paid
(28,947)
(232,212)
Service Tax paid Net cash from/(deployed in) Operating Activities
(A)
(453,441)
16,075,516
11,515,760
Cash Flows from Investing Activities (241,860)
Purchase of fixed assets
(368,299)
2,511,826
Interest and Dividend received on Investments (net of interest expended on purchase of investments)
1,772,506
Purchase of Investment
(316,896,638)
(153,008,221)
Sale of Investment
298,130,695
139,552,302
Proceeds on sale of fixed assets
1,225
8,000
Loan against policies
6,057
(25,132)
Net cash deployed in Investing Activities
(B)
(16,488,695)
(12,068,844)
Cash Flows from Financing Activities —
Proceeds from issue of Share Capital Net cash from Financing Activities
(C)
Net increase in Cash and Cash Equivalents
( A+B+C)
— (413,179)
300,170 300,170 (252,914)
1,282,719
1,535,633
869,540
1,282,719
Cash (including cheques on hand, drafts and stamps)
398,058
595,038
Bank Balances (including deposits)
471,482
687,681
Cash and cash equivalent at the beginning of the year Cash and Cash Equivalents at end of year Notes: Cash and cash equivalents at the end of the year includes:
869,540 1,282,719 (a) The above Statement of Receipts and Payments has been prepared as prescribed by Insurance Regulatory (Preparation of Financial Statements & Auditor’s Report of Insurance Companies) Regulations, 2002 under the ‘Direct Method’ laid out in Accounting Standard 3 – ‘Cash Flow Statements’ issued by the Institute of Chartered Accountants of India. (b) Due to large volume of investments transactions, cash flow is reported on net basis in accordance with Accounting Standard 3 issued by the Institute of Chartered Accountants of India. As per our report of even date attached
For and on behalf of the Board of Directors
For M. P. Chitale & Co. Chartered Accountants
For S. R. Batliboi & Co. Firm Registration No.:301003E Chartered Accountants
Uday Kotak Chairman
Rafael Galdon Vice-Chairman
Dipak Gupta Director
Murtuza Vajihi Partner
Shrawan Jalan Partner Membership No-102102
G. Murlidhar Chief Operating Officer & Company Secretary Mumbai April 27, 2010
Gaurang Shah Managing Director
Andrew Cartwright Appointed Actuary
Mumbai April 27, 2010
16
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules forming part of the Financial Statements Schedule 1 — Premium (Amounts in thousands of Indian Rupees) Year ended March 31, 2010
Year ended March 31, 2009
First year Premium
10,837,656
12,873,946
Renewal Premium
15,340,654
10,001,671
2,502,179
556,308
28,680,489
23,431,925
Year ended March 31, 2010
Year ended March 31, 2009
First year Premium
1,449,549
2,070,034
Renewal Premium
257,769
190,949
Single Premium
32,891
3,734
Sub-total
1,740,209
2,264,717
—
—
Particulars
Single Premium
Total Premium
Notes: (a) All the premium income relates to business in India. (b) Refer Schedule 16- Note 2(a).
Schedule 2 — Commission (Amounts in thousands of Indian Rupees) Particulars Commission Paid
Add: Commission on Re-insurance accepted Less: Commission on Re-insurance ceded
(61,044)
(10,394)
1,679,165
2,254,323
Year ended March 31, 2010
Year ended March 31, 2009
Agents
819,590
848,702
Brokers
345,063
236,085
Corporate Agents
559,922
1,169,461
15,634
10,469
1,740,209
2,264,717
Net Commission
Note: Refer Schedule 16 – Note 2(b) Breakup of Gross Commission Particulars
Referral
Total
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li mi te d
17
Registration No: 107; Date of Registration: January 10, 2001
Schedules forming part of the Financial Statements Schedule 3 — Operating Expenses Related to Insurance Business (Amounts in thousands of Indian Rupees) Particulars Employees’ remuneration and welfare benefits [Refer Note- (b) below] Travel, conveyance and vehicle running expenses Training expenses Rent, Rates and Taxes Repairs
Year ended March 31, 2010
Year ended March 31, 2009
2,621,660
2,503,018
140,758
154,831
13,663
29,581
314,853
265,901
87,896
86,365
59,237
86,510
120,677
144,768
Legal and Professional charges
81,861
167,852
Medical fees
23,918
25,998
2,369
2,450
Printing and Stationery Communication expenses
Auditors’ fees, expenses etc. (a) as auditor (b) as adviser or in any other capacity , in respect of
– Taxation matters
—
—
– Insurance Matters
—
—
– Management services; and
—
—
432
174
Advertisement and publicity
488,254
875,925
Distribution Expenses
629,630
617,314
Sales Promotion Expenses
197,020
282,859
(c) in any other capacity (including out of pocket expenses)
38,050
31,368
250,291
216,882
Information Technology expenses
90,890
107,519
Electricity charges
78,178
81,065
Recruitment expenses
45,754
44,301
77
1,951
61,271
58,362
3,200
3,174
—
—
336,307
250,560
52,123
37,929
5,738,369
6,076,657
Interest and Bank charges Depreciation
Brokerage Stamp Duty Membership and Subscription Fees Preliminary and Share issue Expenses Service Tax Expenditure Other expenses
Total
Notes: (a) Refer Schedule 16 - Note 2 (k) and Note 24. (b) Refer Schedule 16 -Note no 2(h) and Note 6.
18
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules forming part of the Financial Statements Schedule 4 — Benefits Paid (Net) (Amounts in thousands of Indian Rupees) Year ended March 31, 2010
Year ended March 31, 2009
(a) Claims by Death
982,294
407,949
(b) Claims by Maturity
235,470
110,250
—
—
72,060
60,713
4,015,196
1,942,551
22,319
14,956
(360,510)
(106,024)
Particulars
Insurance Claims
(c) Annuities/Pension payment (d) Survival Benefits (e) Surrenders (f)
Others (Refer note (b) below)
Amount ceded in reinsurance (a) Claims by Death (b) Claims by Maturity
—
—
(c) Annuities/Pension payment
—
—
(d) Survival Benefits
—
—
(e) Surrenders
—
—
(f)
—
—
(a) Claims by Death
—
—
(b) Claims by Maturity
—
—
(c) Annuities/Pension payment
—
—
(d) Survival Benefits
—
—
(e) Surrenders
—
—
(f)
Others
—
—
Total
4,966,829
2,430,395
Others
Amount accepted in reinsurance
Notes: (a) All the claims are paid in India. (b) Includes specific claim setlement cost and provision for policy related claims. Refer Schedule 16 – Note 2(e). (c) The Company does not have any claims, which are settled and unpaid for more than Six months.
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li mi te d
19
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the Financial Statements Schedule 5 — Share Capital (Amounts in thousands of Indian Rupees) Particulars Authorized Capital 625,000,000 (2009 – 625,000,000) Equity Shares of Rs. 10 each Issued Capital 510,290,249 (2009 – 510,290,249) Equity Shares of Rs. 10 each Subscribed Capital 510,290,249 (2009 – 510,290,249) Equity Shares of Rs. 10 each Called-up Capital 510,290,249 (2009 – 510,290,249) Equity Shares of Rs. 10 each Less: Calls unpaid Add: Shares forfeited (Amount originally paid up) Less: Par Value of Equity Shares bought back Less: Preliminary Expenses Less: Expenses on issue of shares
Total
As at March 31, 2010
As at March 31, 2009
6,250,000
6,250,000
5,102,902
5,102,902
5,102,902
5,102,902
5,102,902 — — — — —
5,102,902 — — — — —
5,102,902
5,102,902
Notes: (a) Of the above, 260,248,044 (2009 – 260,248,044) Equity Shares of Rs. 10 each fully paid up are held by Kotak Mahindra Bank Limited, the holding company and its nominees, 54,000,000 (2009 – 54,000,000) and 63,366,753 (2009 – 63,366,753) fully paid-up Equity Shares of Rs. 10 each are held by Kotak Mahindra Prime Limited and Kotak Mahindra Capital Company Limited respectively, which are subsidiaries of Kotak Mahindra Bank Limited. (b) During the year, the Company has issued Nil (2009 – 30,017,076) Equity Shares of Rs. 10 each fully paid up at par, by way of rights to its existing shareholders. (c) During the year, Kotak Mahindra Prime Limited renounced Nil (2009 – 3,375,000) fully paid up Equity Shares of Rs. 10 each to Kotak Mahindra Capital Company Ltd. Schedule 5A — Pattern of Shareholding (As certified by the Management) Particulars
As at March 31, 2010 Number of Shares % Holding
Shareholders Promoters — Indian — Foreign Others
Total
As at March 31, 2009 Number of Shares
% Holding
377,614,797 132,675,452 —
74% 26% —
377,614,797 132,675,452 —
74% 26% —
510,290,249
100%
510,290,249
100%
Schedule 6 — Reserves and Surplus (Amounts in thousands of Indian Rupees) Particulars Capital Reserve Capital Redemption Reserve Securities Premium Revaluation Reserve General Reserves Less: Debit balance in Profit and Loss Account Less: Amount utilized for Buy-back Catastrophe Reserve Other Reserve Balance of profit in Profit and Loss Account
20
Total
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
As at March 31, 2010 — — 520,363 — — — — — — —
As at March 31, 2009 — — 520,363 — — — — — — —
520,363
520,363
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the Financial Statements Schedule 7 — Borrowings (Amounts in thousands of Indian Rupees) Particulars Debentures/Bonds Banks Financial Institutions Others Total
As at March 31, 2010
As at March 31, 2009
— — — — —
— — — — —
As at March 31, 2010
As at March 31, 2009
1,370,022 366,797
1,092,793 290,179
— — — — 97,428 10,217 — —
— — — — 82,682 18,446 — —
— 473,381
— 687,399
— — 2,317,845
— — 2,171,499
— 25,267
259,103 —
— — 12,400 — 986 81,447 — —
— — — — 71,713 222,918 — —
— 53,874
— 97,870
— — 173,974 2,491,819
— — 651,604 2,823,103
Schedule 8 — Investments – Shareholders (Amounts in thousands of Indian Rupees) Particulars LONG TERM INVESTMENTS Government securities and Government guaranteed bonds including Treasury Bills Other Approved Securities Other Investments (a) Shares (aa) Equity (bb) Preference (b) Mutual Funds (c) Derivative Instruments (d) Debentures/Bonds (e) Other Securities (including Fixed Deposits) (f) Subsidiaries (g) Investment Properties – Real Estate Investsment in Housing & infrastructure sector (a) Equity (b) Others Other than Approved Investments (a) Equity (b) Others Total SHORT TERM INVESTMENTS Government securities and Government guaranteed bonds including Treasury Bills Other Approved Securities Other Investments (a) Shares (aa) Equity (bb) Preference (b) Mutual Funds (c) Derivative Instruments (d) Debentures/Bonds (e) Other Securities (including Fixed Deposits) (f) Subsidiaries (g) Investment Properties – Real Estate Investsment in Housing & infrastructure sector (a) Equity (b) Others Other than Approved Investments (a) Equity (b) Others Total Grand Total
Notes: (a) Aggregate cost and market value of Investments other than listed equity securities as at March 31, 2010 was Rs. 24,91,819 and Rs. 24,11,168 (Rs. 28,23,102 & Rs. 27,78,846 as at March 31, 2009) respectively. (b) Investment in Fixed Deposit with Kotak Mahindra Bank Ltd as at March 31, 2010 is Rs. 5,305 (2009 – Rs. 6,005). Investments in Kotak Mahindra Mutual Fund as at March 31, 2010 is Rs. 4,063(2009 – Rs. NIL). (c) Refer Schedule 16 – Notes 2(d).
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li mi te d
21
Registration No: 107; Date of Registration: January 10, 2001
Schedules forming part of the Financial Statements Schedule 8A — Investments – Policyholders’ (Amounts in thousands of Indian Rupees) Particulars LONG TERM INVESTMENTS Government securities and Government guaranteed bonds including Treasury Bills Other Approved Securities Other Investments (a) Shares (aa) Equity (bb) Preference (b) Mutual Funds (c) Derivative Instruments (d) Debentures/Bonds (e) Other Securities (including Fixed Deposits) (f) Subsidiaries (g) Investment Properties – Real Estate Investsment in Housing & infrastructure sector (a) Equity (b) Others Other than Approved Investments (a) Equity (b) Others
Total
SHORT TERM INVESTMENTS Government securities and Government guaranteed bonds including Treasury Bills Other Approved Securities Other Investments (a) Shares (aa) Equity (bb) Preference (b) Mutual Funds (c) Derivative Instruments (d) Debentures/Bonds (e) Other Securities (including Fixed Deposits) (f) Subsidiaries (g) Investment Properties – Real Estate Investsment in Housing & infrastructure sector (a) Equity (b) Others Other than Approved Investments (a) Equity (b) Others
Total
Grand Total
As at March 31, 2010
As at March 31, 2009
4,492,409 1,036,071
3,340,154 432,870
346,120 — — — 533,369 28,102 — —
145,342 — — — 166,284 28,102 — —
30,565 2,343,078
13,354 1,507,130
14,366 —
7,670 —
8,824,080
5,640,906
100,216 109,019
254,152 —
— — 413,883 — 104,399 540,954 — —
— — — — 44,707 237,315 — —
— 54,880
— 100,619
— —
— —
1,323,351
636,793
10,147,431
6,277,699
Notes: (a) Aggregate cost and market value of Investments other than listed equity securities as at March 31, 2010 was Rs. 97,56,380 and Rs. 94,68,223 (Rs. 61,11,333 & Rs. 59,25,319 as at March 31, 2009) respectively. (b) Investment in Fixed Deposit with Kotak Mahindra Bank Ltd. as at March 31, 2010 is Rs. 9,000 (2009 – Rs. 9,000). Investments in Kotak Mahindra Mutual Fund as at March 31, 2010 is Rs. 135,617 (2009 – Rs. NIL). (c) Refer Schedule 16 – Notes 2(d).
22
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules forming part of the Financial Statements Schedule 8B — Investments – Unit Linked (Amounts in thousands of Indian Rupees) Particulars LONG TERM INVESTMENTS Government securities and Government guaranteed bonds including Treasury Bills Other Approved Securities Other Investments (a) Shares (aa) Equity (bb) Preference (b) Mutual Funds (c) Derivative Instruments (d) Debentures/ Bonds (e) Other Securities (including Fixed Deposits) (f) Subsidiaries (g) Investment Properties – Real Estate Investsment in Housing & infrastructure sector (a) Equity (b) Others Other than Approved Investments (a) Equity (b) Others
Total
SHORT TERM INVESTMENTS Government securities and Government guaranteed bonds including Treasury Bills Other Approved Securities Other Investments (a) Shares (aa) Equity (bb) Preference (b) Mutual Funds (c) Derivative Instruments (d) Debentures/Bonds (e) Other Securities (including Fixed Deposits) (f) Subsidiaries (g) Investment Properties – Real Estate Investments in Infrastructure and Social Sector(Refer note (d) below) (a) Equity Shares (b) Others Other than Approved Investments (a) Equity Shares (b) Others Net Current Assets (Refer Schedule 16 – Note 2(d)
As at March 31, 2010
As at March 31, 2009
3,007,011 1,408,882
3,064,953 152,398
21,582,144 — — — 4,712,547 61,781 — —
8,735,084 — — — 3,299,673 204,253 — —
1,973,704 8,673,854
1,439,624 5,243,722
1,628,784 —
558,093 —
43,048,707
22,697,800
64,309 1,380,188
324,806 302,111
— — 335,177 — 942,122 6,669,070 — —
— — 300,000 — 584,793 4,383,351 — —
— 530,516
— 580,753
— 62,540 1,425,859
— — 1,134,357
Total
11,409,781
7,610,171
Grand Total
54,458,488
30,307,971
Notes: (a) Aggregate cost and market value of Investments other than listed equity securities as at March 31, 2010 was Rs. 27,872,693 and Rs. 27,847,996 (Rs.1,83,38,656 & Rs. 18,440,812 as at March 31, 2009) respectively. (b) Investment in Fixed Deposit with Kotak Mahindra Bank Ltd as at March 31, 2010 is Rs. 35,695 (2009 – Rs. 35,695). Market Value of Investment in bonds of Kotak Mahindra Prime Ltd. as at March 31, 2010 is Rs. 451,039 (2009: Rs. 201,387) and cost is Rs. 450,165 (2009 – Rs.196,189). Investment in Kotak Mahindra Mutual Fund as at March 31, 2010 Rs. 130,320 (2009 – Rs. Nil). (c) Refer Schedule 16 – Notes 2(d).
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li mi te d
23
Registration No: 107; Date of Registration: January 10, 2001
Schedules forming part of the Financial Statements Schedule 9 — Loans (Amounts in thousands of Indian Rupees) Particulars
As at March 31, 2010
As at March 31, 2009
SECURITY–WISE CLASSIFICATION Secured (a) On mortgage of property
(aa) In India
—
—
(bb) Outside India
—
—
—
—
52,194
58,251
(d) Others
—
—
Unsecured
—
—
Total
52,194
58,251
(a) Central and State Governments
—
—
(b) Banks and Financial Institutions
—
—
(c) Subsidiaries
—
—
(b) On Shares, Bonds, Govt. Securities etc. (c) Loans against policies
BORROWER-WISE CLASSIFICATION
(d) Companies (e) Loans against policies (f)
Others – Employees
Total
—
—
52,194
58,251
—
—
52,194
58,251
52,194
58,251
—
—
PERFORMANCE-WISE CLASSIFICATION (a) Loans classified as standard
(aa) In India
(bb) Outside India
(b) Non-standard loans less provisions
(aa) In India
—
—
(bb) Outside India
—
—
Total
52,194
58,251
(a) Short term
72
19,400
(b) Long Term
52,122
38,851
52,194
58,251
MATURITY-WISE CLASSIFICATION
Total
Commitments made and outstanding for Loans Rs. Nil ( 2009 – Nil). Notes: (a) Refer Schedule 16 – Note 2(f). (b) There was no restructuring of loan assets during the year.
24
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules forming part of the Financial Statements Schedule 10 — Fixed Assets (Amounts in thousands of Indian Rupees) Particulars
Cost/Gross Block As on April 1 2009
Depreciation
As at On Sale/ Adjustment March 31, 2010
As on April 1 2009
Net Block
As at For the On Sale/ year" Adjustment March 31, 2010
As at March 31, 2010
As on March 31 2009
—
—
—
—
—
—
—
—
—
—
382,417
158,862
—
541,279
249,272
89,840
—
339,112
202,167
133,145
Goodwill Intangibles – Software *
Addition
Land-Freehold
—
—
—
—
—
—
—
—
—
—
Leasehold property
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Furniture and fittings **
372,760
18,493
124
391,129
180,983
49,429
124
230,288
160,841
191,777
Information technology equipment
340,477
18,673
6,325
352,825
211,909
81,423
6,134
287,198
65,627
128,568
34,390
2,237
2,300
34,327
14,963
7,938
1,996
20,905
13,422
19,426
127,428
11,366
316
138,478
59,866
21,740
280
81,326
57,152
67,562
1,257,472
209,631
9,065
1,458,038
716,993
250,370
8,534
958,829
499,209
540,478
—
—
—
—
—
—
—
Buildings
Vehicles Office equipment Capital Work-in-progress
60,716
28,488 568,966
Grand Total
1,257,472
209,631
9,065
1,458,038
716,993
250,370
8,534
958,829
559,925
Previous Year
924,883
368,671
36,082
1,257,472
528,138
216,883
28,027
716,994
568,966
* Includes licenses.
** Includes leasehold improvements. Note: Refer Schedule 16 – Notes 2(g)
Schedule 11 — Cash And Bank Balances (Amounts in thousands of Indian Rupees) Particulars Cash (including cheques on hand, drafts and stamps)
As at March 31, 2010
As at March 31, 2009
398,058
595,038
—
—
Bank Balances (a) Deposit Accounts
(aa) Short-term (due within 12 months of the date of Balance Sheet)
(bb) Others
—
—
471,482
687,681
—
—
(a) With Banks
—
—
(b) With other Institutions
—
—
869,540
1,282,719
—
—
869,540
1,282,719
(b) Current accounts (c) Others Money at Call and Short Notice
Total
Balance with non-scheduled banks included above Cash and Bank balance In India Outside India
Total
—
—
869,540
1,282,719
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li mi te d
25
Registration No: 107; Date of Registration: January 10, 2001
Schedules forming part of the Financial Statements Schedule 12 — Advances and Other Assets (Amounts in thousands of Indian Rupees) Particulars
As at March 31, 2010
As at March 31, 2009
ADVANCES Reserve deposits with ceding companies
—
—
Application money for investments
—
—
164,714
137,811
Prepayments Advance to Directors/Officers Advance tax paid and taxes deducted at source ( Net of Provision for Income Tax & Fringe Benefit Tax) Advances to suppliers Advances to employees
Total (A)
—
—
15,612
7,989
140,514
185,367
56,031
38,013
376,871
369,180
250,292
163,426
70,873
86,172
OTHER ASSETS Income accrued on investments Outstanding Premiums Agents Balances
—
—
Foreign Agencies Balances
—
—
140,594
—
Due from other entities carrying on insurance business (including reinsurers) Due from subsidiaries/holding company
—
—
Deposits pursuant to Section 7 of Insurance Act, 1938 [Refer Schedule-16 - Note 15 (B)]
—
—
134,722
140,194
26
180,158
Security and other deposits Service Tax Unutilised Credit Other Receivables
Total (B)
Total (A + B)
89,393
85
685,900
570,035
1,062,771
939,215
As at March 31, 2010
As at March 31, 2009
176,724
190,058
—
231,310
Schedule 13 — Current Liabilities (Amounts in thousands of Indian Rupees) Particulars Agents’ balances Balance due to other insurance companies (Net) Deposits held on re-insurance ceded
—
—
Premium received in advance
—
—
Unallocated premium (proposals/policy deposits)
650,067
540,798
Sundry creditors
158,435
70,583
4,234
5,924
270,334
199,522
Annuities due
—
—
Due to Officers/Directors
—
—
1,285,530
981,238
Taxes deducted at source, payable
24,920
81,764
Statutory dues payable
29,534
19,237
2,599,778
2,320,434
Due to holding company Claims outstanding
Accrued expenses
26
Total
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules forming part of the Financial Statements Schedule 14 — Provisions (Amounts in thousands of Indian Rupees) As at March 31, 2010
As at March 31, 2009
For taxation
—
—
For proposed dividend
—
—
For dividend distribution tax
—
—
Provision for gratuity
72,005
52,785
Provision for leave encashment
99,368
87,062
—
—
171,373
139,847
As at March 31, 2010
As at March 31, 2009
Discount Allowed in issue of shares/debentures
—
—
Others
—
—
—
—
Particulars
Others
Total
Schedule 15 — Miscellaneous Expenditure (To the extent not written off or adjusted) (Amounts in thousands of Indian Rupees) Particulars
Total
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li mi te d
27
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) Schedule 16 : Notes to the financial statements 1.
Background
Kotak Mahindra Old Mutual Life Insurance Limited (‘the Company’) was incorporated on August 31, 2000 as a Company under the Companies Act, 1956 to undertake and carry on the business of life insurance and annuity. The Company obtained a license from the Insurance Regulatory and Development Authority (‘IRDA’) dated January 10, 2001 for carrying on the business of life insurance and annuity. The license has been renewed regularly and is in force as at March 31, 2010.
2.
Summary of significant accounting policies
Basis of Preparation:
The financial statements are prepared and presented under the historical cost convention, on accrual basis of accounting, to comply in all material aspects with the applicable accounting standards notified under the Companies (Accounting Standard) Rules, 2006, to the extent applicable, the Companies Act, 1956 of India to the extent applicable, and in accordance with the provisions of the Insurance Act, 1938, the Insurance Regulatory and Development Authority Act, 1999 and the regulations framed there under to the extent applicable and the practices prevailing within the insurance industry in India. The accounting policies have been consistently applied by the Company and are consistent with those used in the previous year.
Use of Estimates:
The preparation of financial statements requires the Management to make estimates and assumptions considered in the reported amounts of assets and liabilities (including contingent liabilities) as on the date of the financial statements and the reported income and expenses during the reporting period. Management believes that the estimates used in preparation of the financial statements are prudent and reasonable. Actual results could differ from these estimates.
The significant accounting policies adopted by the Company are as follows:
(a) Revenue recognition :
Premium Income
Premium is recognized as income when due from policyholders except on unit linked policies, where the premium is recognized when associated units are created.
In accordance with the terms of insurance policies, uncollected premium on lapsed policies is not recognized as income until revived.
Top Up/Lump sum contributions are accounted as a part of single premium.
Income from linked policies, which include asset management fees and other charges, if any, are recovered from the linked fund in accordance with the terms and conditions of the policies.
Reinsurance premium ceded is accounted as an expense at the time of recognition of the premium income in accordance with the treaty arrangements with the re-insurers.
Commission on reinsurance ceded is accounted as income in the period in which reinsurance is ceded.
Reinsurance premium and reinsurance commission are recognized over the period of the risk.
Income earned on Investments
Interest income is recognized on accrual basis. Dividend income is recognized when the right to receive is established. Accretion of discount and amortization of premium relating to debt securities is recognized over the maturity period of such securities on a straight line basis.
Gain/Loss on transfer/sale of securities is the difference between the transfer/sale price and the net amortized cost/ book value which is computed on a Weighted average basis as on the date of transfer/sale. Sale Consideration for the purpose of realized gain/loss is net of brokerage and taxes, if any.
(b) Acquisition Costs
28
Acquisition costs such as commission and medical fees are costs that vary with and are primarily related to the acquisition of new and renewal insurance contracts. Such costs are recognized in the year in which they are incurred.
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated)
(c) Liability for Policies
(i)
(ii) Liabilities in respect of unit-linked policies which have lapsed and are not likely to be revived, are shown as a separate item under the head Funds for Future Appropriation", until expiry of the revival period. This is as per IRDA circular no 041/IRDA/ACTL/MAR-2006 dated 29th March'2006.
(iii) Linked liabilities comprise of unit liability representing the fund value of policies.
The Company provides for policy liabilities in respect of all "in force" policies and "lapsed policies" that are likely to be revived in future based on actuarial valuation done by the Appointed Actuary in accordance with accepted actuarial practices, requirements of IRDA and the Institute of Actuaries of India.
The actuarial policies and assumptions are given in the Note 3.
(d) Investments
Investments are made in accordance with the Insurance Act, 1938, the Insurance Regulatory and Development Authority (Investment Regulations), 2000 and as amended and circulars/notifications issued by IRDA from time to time .
Investments are recorded at cost on trade which includes brokerage, transfer charges, transaction taxes as applicable, etc. but excludes preacquisition interest, if any and service tax where cenvat credit is being claimed.
(i)
Classification
Investments maturing within twelve months from the Balance Sheet date and investments made with the specific intention to dispose them off within twelve months from the Balance Sheet date are classified as ‘Short Term Investments. ’Investments other than Short Term Investments are classified as ‘Long Term Investments.’
The funds of the shareholders and the policyholders are kept separate and records are maintained accordingly. Investments are specifically procured and held for policyholders and shareholders’ funds independently from their inception and the income thereon is also tracked separately. Since the actual funds, investments and income thereon are tracked and reported separately, the allocation of investments and income is not required.
(ii) Valuation – Shareholder’s Investments and non-linked policy-holders Investments
Debt Securities
All debt securities are considered as ‘held to maturity’ for the purpose of valuation and are accordingly recorded at historical cost (excluding interest paid, if any). Debt securities including government securities are stated at net amortized cost. The premium/ discount, if any, on purchase of debt securities is amortized/accrued over the period to maturity on a straight-line basis.
Equity Shares
Listed equity shares as at Balance Sheet date are stated at fair value being the lower of last quoted closing price on Bombay Stock Exchange Limited (“BSE”) and the National Stock Exchange Limited (“NSE”). Equity shares awaiting listing are stated at historical cost subject to provision for diminution, if any. Unrealized gains/losses arising due to changes in the fair value of listed equity shares are taken to “Fair Value Change Account” and carried forward to Balance Sheet where the net balance is positive. Negative balance in the “Fair Value Change Account” is recognized in the Revenue Account/Profit and Loss Account to the extent of negative balance in “ Fair Value Change Account as reduced by the amount previously provided in the Revenue Account/Profit and Loss Account . The profit or loss on actual sale of listed equity includes the accumulated changes in fair value in the fair value previously recognized under “Fair Value Change Account”.
In case of impairment in the value of investment as at the balance sheet date which is other than temporary, the amount of loss is recognized as an expense in the Revenue/Profit & Loss Account to the extent of difference between the remeasured fair value of the investment and its acquisition cost as reduced by any previous impairment loss recognized as expense in Revenue/Profit & Loss Account. Any reversal of impairment loss, earlier recognized in Revenue/Profit and Loss Account, is recognized in the Revenue/Profit and Loss account.
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li mi te d
29
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated)
(iii) Valuation – Unit Linked Business
Debt Securities
All Government securities, except treasury bills, for linked business are valued at prices obtained from Credit Rating Information Service of India Ltd (CRISIL). Debt Securities other than Government Securities are valued on the basis of CRISIL Bond valuer. Floating rate instruments are valued at cost. The discount on purchase of treasury bills, certificate of deposit and commercial papers are amortized over the period to maturity on a straight line basis.
Equity Shares
Listed equity shares are valued at fair value, being the last quoted closing price on the NSE (In case of securities not listed on NSE, the last quoted closing price on the BSE is used) Equity shares awaiting listing are stated at historical cost subject to provision for diminution, if any, in the value of such investment determined separately for each individual investment. Unrealized gains and losses are recognized in the respective scheme’s revenue account.
Mutual Fund Units are valued at the previous day’s closing net asset value (NAV) of the fund in which they are invested.
The Company does not own any investment property and hence there is no disclosure on the basis of revaluation of investment property.
(iv) Transfer of Investments
(e) Benefits Paid
Benefits paid comprise of policy benefit amount, surrenders and specific claims settlement costs where applicable and change in the outstanding provision for claims at the year end. Surrender and claims by death are accounted when intimated. Survival benefits are accounted when due. Maturity claims are accounted on the date of maturity. Amounts recoverable from reinsurers are accounted for in the same period as the related claim. Repudiated claims disputed before judicial authorities are provided for based on the best judgment of the management considering the facts and evidence in respect of each such claims. Withdrawals under unit-linked policies are accounted in respective schemes when the associated units are cancelled.
(f) Loans
Transfer of investments from Shareholders’ fund to the Policyholders’ fund is at book value or market price, whichever is lower. Transfer of debt securities from Shareholders’ to Policyholders’ fund is transacted at the lower of net amortized cost or market value. Transfer of Investments between unit-linked funds are done at market price.
Loans are stated at historical cost, subject to provision for impairment, if any. Interest on loan, if any, is accrued when due. Norms laid down under circular No 32/2/F&A/ Circular/169/Jan/2006-07 issued by the IRDA are adhered to in this regard.
(g) Fixed Assets and Depreciation
Fixed assets are stated at cost including incidental expenses less accumulated depreciation. In respect of liabilities incurred in acquisition of fixed assets in foreign exchange, the net gain or loss arising on conversion/settlement are charged to revenue account. Intangible assets comprising software are stated at cost less amortization.
Depreciation/amortization is provided under the straight-line method (SLM) with reference to the management’s assessment of the estimated useful lives of the assets or the rates and in the manner specified by Schedule XIV of the Companies Act, 1956, whichever is higher. Depreciation is charged on assets from the date the asset is capitalized and up to the date asset is last used in case of disposal.
Assets costing individually less than Rs. 5,000 are depreciated fully in the year of acquisition. Estimated useful lives over which assets are depreciated are as follows: Leasehold improvements
30
Over the period of lease subject to a maximum of 6 years
Information technology equipment (including software)
3 years
Furniture and fittings
6 years
Vehicles
4 years
Office equipment
5 years
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated)
Impairment of Assets
The carrying amounts of assets are reviewed at each balance sheet date if there is any indication of impairment based on internal/external factors. Impairment occurs where the carrying value exceeds the present value of future cash flows expected to arise from the continuing use of the asset and its eventual disposal. The impairment loss to be expensed is determined as the excess of the carrying amount over the higher of the asset’s net sales price or present value as determined above. After impairment, depreciation is provided on the revised carrying amount of the asset over it’s remaining useful life.
(h) Employee Benefits
(a) Provident fund is a defined contribution plan and the contributions as required by the statute to Government Provident Fund are charged to profit and loss account when due.
(b) Gratuity liability is defined benefit and is wholly unfunded. The Company accounts for liability for future gratuity benefits based on actuarial valuation conducted by an independent actuary. The net present value of the Company’s obligation towards the same is actuarially determined based on the projected unit credit method as at the Balance Sheet date.
(c) Superannuation fund is a defined contribution scheme. The Company contributes a sum equivalent to 15% (previous year 15%), subject to a maximum of Rs. 1 lakh, of eligible employees’ salary to a Superannuation Fund administered by the trustees.
(d) The undiscounted amount of short-term employee benefits expected to be paid in exchange for the services rendered by employee is recognized during the period when the employee renders the service. These benefits include performance incentives.
(e) The Company accrues the liability for compensated absences based on the actuarial valuation as at the balance sheet date conducted by an independent actuary. The net present value of the Company’s obligation is determined based on the projected unit credit method as at the Balance Sheet date.
(f)
Accounting for Operating Leases
(i)
Actuarial gains/losses are immediately taken to the profit and loss account and are not deferred.
Leases where the lessor effectively retain substantially all the risks and benefits of ownership over the lease term are classified as operating leases. Operating lease rentals are recognized as an expense in revenue/profit and loss account on a straight line basis over the lease term.
Foreign Currency Transactions
(j)
Transactions denominated in foreign currency are recorded at the rate of exchange prevailing on the transaction date. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are translated using the rate of exchange prevailing on that date.
Exchange differences either on settlement or on translation are recognized in the Revenue Account/ Profit and Loss Account, as applicable.
(k) Segment reporting
Business Segments In accordance with the Insurance Regulatory and Development Authority (Preparation of Financial Statements and Auditor’s Report of Insurance Companies) Regulations, 2002 (referred to as ‘Accounting Regulations’) read with Accounting Standard 17 on ‘Segment Reporting’ prescribed in Companies (Accounting Rules), 2006, the Company’s business in India is classified into Participating business, Non-participating business, Annuities Participating business, Annuities Linked Non-participating business, Unit-Linked Non-participating business and Investment of the Shareholders’ funds.
Segmental revenues All segment revenues are directly attributed to the respective individual segments. There are no inter-segment revenues.
Segmental expenses Operating expenses relating to insurance business are assigned to participating, non-participating, annuities and linked business segments as follows: Expenses directly identifiable to the business segments are allocated on an actual basis. Other expenses, which are not directly identifiable, are apportioned to the business segments on the basis of either (a) total number of policies issued during the year, or (b) annualized first year premium income, or (c) sum assured during the year, or (d) first year commission, or (e) total number of policies, (f) renewal commission, as considered appropriate by the Management, or, (g) Average assets under management.
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li mi te d
31
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated)
Segmental assets and liabilities
Segment assets and liabilities include those that are employed by a segment in its operating activity.
Secondary Geographical Segments
There are no reportable geographical segments since all business is written in India and the company does not distinguish any reportable regions in India.
Taxation
(l)
Provision for current income tax, if any, is made on an accrual basis after taking credit for allowances and exemptions in accordance with Income Tax Act, 1961. Deferred income tax is recognized for future tax consequences attributable to timing differences between income as determined by the financial statements and the recognition for tax purposes. The effect on deferred tax assets and liabilities of a change in tax rates is recognized using the tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date.
Deferred tax assets are recognized only to the extent there is reasonable certainty that the assets can be realized in future. However, where there is unabsorbed depreciation or carried forward loss under taxation laws, deferred tax assets are recognized only if there is virtual certainty backed by convincing evidence that such deferred assets can be realized.
Deferred tax assets and liabilities are measured using tax rates and tax laws that have been enacted or substantially enacted before the balance sheet date. Changes in deferred tax assets/liabilities on account of changes in enacted tax rates are given effect to in the Revenue account/Profit and Loss Account in the period of the change. The carrying amount of deferred tax assets are reviewed at each balance sheet date. The company writes-down the carrying amount of a deferred tax asset to the extent that it is no longer reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available against which deferred tax asset can be realized.
(m) Preliminary and Share Issue expenses
(n) Service tax
Share Issue expenses in relation to increase in share capital are written off when incurred. Preliminary Expenses and Initial Share Issue expenses are amortized over a period of 3 years. Unamortized Preliminary Expenses and Share Issue expenses are adjusted in the schedule of Share Capital as prescribed under the IRDA Regulations.
Service tax liability on taxable premium and unit-linked charges are set-off against available cenvat credits. Unutilized credits, if any, are carried forward under “Advances and Other Assets” for set-off in subsequent periods.
(o) Provisions and Contingencies
Provision is recognised when there is a present obligation as a result of past event; it is probable that an outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be made. Provisions are not discounted to its present value and are determined based on best estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the current best estimates.
Contingent Liabilities are not recognized but are disclosed in the notes unless the outflow of resources is remote. Contingent assets are neither recognised nor disclosed in the financial statements.
(p) Earnings per Share
The basic earnings per share is computed by dividing the net profit or loss for the period attributable to the equity shareholders by weighted average number of equity shares outstanding during the reporting year.
For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholders and the weighted average number of shares outstanding during the period are adjusted for the effects of all dilutive potential equity shares.
(q) Debit balance in the Profit & Loss Account (Shareholder’s Account)
32
The debit balance in the Profit & Loss Account (Shareholder’s Account) is segregated in to unabsorbed depreciation and accumulated business loss. Profits earned during the year are first set off and adjusted against the accumulated business loss and the balance, if any, is set off against unabsorbed depreciation.
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 3.
Actuarial method and assumptions
The actuarial liabilities have been calculated in accordance with generally accepted actuarial principles, the requirements of the Insurance Act 1938, IRDA regulations and the prescribed guidance notes of the Institute of Actuaries of India. The method adopted is as follows: Unit Linked Policies : A unit reserve equal to the value of the units on 31 March 2010 plus a non-unit reserve calculated on gross premium prospective valuation method. Par policies (accumulation contracts) : The value of the accumulated fund plus a non-unit reserve calculated on gross premium prospective valuation method. Non-par conventional busines: Gross premium prospective method. Additional Reserve on lapsed unit-linked policies is created and shown under the head Funds for Future Appropriation as required by IRDA circular no 041/IRDA/ACTL/MAR-2006 dated 29th March’2006. The assumptions used in the Gross Premium valuation are based on best estimates together with appropriate margins for adverse deviations from experience. The principal assumptions are interest, inflation, return to policyholders’ account, lapses, expenses, mortality and morbidity. The base assumptions are:
Interest Inflation Policyholders returns Lapses Expenses Mortality Morbidity (for Critical Illness) Morbidity (other riders)
5.7% p.a. to 6.7% p.a. during the first five years, 4.9% p.a. to 5.9% p.a. thereafter (2009 : 5.3% p.a to 6.8% p.a. during the first five years, 4.6% p.a. to 6.1% p.a. thereafter) 6.5% (2009 : 6.0%) Rates consistent with the earning rates and charges Future policy lapses have been assumed based on the type of policy and the duration for which the policy has been in force Best estimates bearing in mind scale efficiencies envisaged in future business plans Based on LIC 94-96 mortality table adjusted for AIDS Based on adjusted CIBT rates. Based on reinsurers’ rates
Reserves for group life business are calculated as the risk premium for the unexpired term with an allowance for expenses and a margin for adverse deviations.
4.
Policy liabilities (Forming part of Policyholders’ Funds) Particulars Par
2010 Non-Par Annuities Annuities UnitUnit Linked Linked 709,480 360,032 44,181 1,361,127
At start of the year 4,596,018 Add: Change in valuation against policies in force (Refer Note 3 above) 578,357 385,361 Add: Bonus to policyholders (Refer Note 10 below)* 179,827 — 5,354,202 1,094,841 At end of the year
45,306
17,410 422,748
21,856
937,832
— — 66,037 2,298,959
7,070,838 3,910,750
2009 Non-Par Annuities Annuities Unit Linked 596,745 317,596 16,948
479,066 5,321,105
1,968,712
586,484
112,735
29,969
882,061 1,638,482
197,237 98,784 9,236,787 4,596,018
— 709,480
12,467 360,032
Total
Par
27,233
UnitLinked
Total
— — 111,251 44,181 1,361,127 7,070,838
* Forms part of “Change in Valuation of Liability in respect of life policies-Gross” in the Revenue Account. During the year, Insurance Regulatory and Development Authority has issued a circular to all life insurance companies clarifying the manner of accounting the difference arising due to valuation of unit linked liabilities on the appropriation/ex-appropriation price and the value of the underlying assets. Consequently, reserving for unit linked liabilities has been done based on the appropriation/ex-appropriation price resulting in an increase of the unit linked liabilities by Rs. 108,778 as compared to the previous financial year. Based on the circular of IRDA, the company has created a current asset of the equivalent amount which is reflected under the Net Current Assets under Schedule 8B. Consequently, there is no impact of such change on the revenue account. Note: The Policyholder Liabilities are adequately backed by Policyholder Investments, Cash and Bank Balances and Other assets. (Please refer to Schedule no 16- Note-17).
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li mi te d
33
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated)) 5. Contingent liabilities Particulars 1. Partly paid-up investments 2. Underwriting commitments outstanding (in respect of shares and securities) 3. Claims, other than against policies, not acknowledged as debts by the company 4. Guarantees given by or on behalf of the Company 5. Statutory demands/liabilities in dispute, not provided for (Income Tax) 6. Reinsurance obligation to the extent not provided for in accounts 7. Others – Insurance claims in appeal net of provision (Gross value of claims Rs. 67,620 (2009 – Rs. 20,570), out of which reinsured Rs. 32,113 (2009 – Rs. 1,638) and provision Rs. 10,852 (2009 Rs. 7,702) ) Total
2010 — — — 1,388 — —
2009 — — — 700 — —
24,655 26,043
11,230 11,930
6. Computation of managerial remuneration
(i)
Managing Director’s and Whole time director’s remuneration (appointed w.e.f 4th Nov’ ‘2008), which is included under “Employees’ remuneration and welfare benefits”, is as follows: Particulars a.
Salary and Perquisites
b.
Contribution to provident and other funds Total
2010
2009
27,000
22,031
1,749
1,410
28,749
23,441
Note: (a) The Managerial remuneration is in accordance with the requirements of section 34A of the Insurance Act, 1938 and as approved by IRDA. (b) The remuneration excludes gratuity and leave encashment. Gratuity and leave encashment is accrued based on an actuarial valuation for the Company’s overall liability. (ii) Sitting fees paid to Independent Directors amounts to Rs. 180 (2009 – Rs. 170). 7. Capital commitments Particulars Estimated amount of contracts remaining to be executed on capital account and not provided for (net of advances)
2010
2009
60,999
39,688
8. Extent of risk retained and reinsured
As at March 31, 2010, out of the total sum assured worth Rs. 914,570 million (2009 – Rs. 736,442 million), the company had reinsured Rs. 330,722 million (2009 – Rs. 277,311 million) and thereby retained risk of 63.84 per cent (2009 – 62.34 per cent).
9. Business, sector-wise 2010
Particulars
2009
Policies
Premium Income
Policies
Premium Income
Rural Sector
20.06 per cent
10.8 per cent
20.86 per cent
15.37 per cent
Urban Sector
79.94 per cent
89.2 per cent
79.14 per cent
84.63 per cent
The Company has issued 6 policies (2009 – 5 policies), covering 131,166 lives (2009 – 70,922 lives) and underwritten gross premium of Rs.4,816 (2009 – Rs. 3,800 ) in the social sector.
10. Accumulated fund addition to participating policyholders
The Board of Directors has at its meeting held on 27th April 2010, declared the following rates of bonus on participating policies:
(a) On Accumulation non retirement products: 3.75% p.a. cash bonus in addition to the guaranteed rate of 3% costing Rs. 154,850 (2009 – Rs. 76,303 to meet an effective rate of 5%).
34
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated)
(b) On Accumulation retirement products: 5% p.a. cash bonus in addition to the guaranteed rate of 3% costing Rs. 17,410 (2009 – Rs. 12,467 to meet an effective rate of 7%). (c) On the Reversionary bonus products: 2% Simple Reversionary bonus, the cost of bonus being Rs. 24,976 (2009 – Rs. 22,481 to meet a rate of 2%). In the year under review, a transfer of Rs. 21,915 (2009: Rs. 3,428) was made from the participating policyholders account to the shareholders account being the surplus in the participating policyholders accounts subject to the maximum of 1/9th of the bonus declared during the year to the participating policyholders. A transfer of Rs. 348,385 (2009: Rs. 198,641) was made from the Non Participating policyholders account & Rs. 338,178 (2009: Rs. Nil) was made from the Unit Linked Non Participating account to the shareholders account which represented the surplus in those accounts.
11. Contribution made to the policyholders’ account
In the year under review, the shareholders contributed Rs. 176,960 (2009 – Rs. 301,290 ) to the Annuity Linked Non Participating Policyholders Account to meet fully the deficit in that account. Approval from the Shareholders will be obtained for such contribution at the ensuing Annual General Meeting of the Company.
12. Encumbrances on assets
Apart from fixed deposits worth Rs. 76,400 (2009 – Rs. 75,700) marked under lien respectively with the NSCCL Rs. 50,000 ( 2009: Rs. 50,000), BSE Rs. 25,000 (2009 – 25,000), Postal Authorities Rs. 700 ( 2009 – Rs. 700) and to a landlord for Rs. 700 (2009 – Rs. Nil), there are no encumbrances on the assets of the Company as at the Balance Sheet date.
13. Operating lease commitments
In accordance with Accounting Standard 19 on Accounting of Leases issued by the Institute of Chartered Accountants of India, details of leasing arrangements entered into by the company are given below.
The Company has taken various office and residential premises on operating lease and leave and license agreements. Lease payments are recognized in the Revenue Account under ‘Rent, Rates and Taxes.’ The future minimum lease payments under non-cancellable operating lease period for such premises are as follows:
2010 Particulars 233,704 Not later than one year 805,948 Later than one year not later than five years 164,437 Later than five years The total operating lease rentals charged to Revenue account in the current year is Rs. 250,792 (2009 – Rs. 237,306).
2009 130,763 412,407 3,619
14. Ratios (in per cent/times) Sr. Particulars No. 1. New business premium income growth
2. 3. 4. 5. 6. 7. 8. 9. 10.
Participating
Non-participating
2010
2009
2010
2009
1.11
0.73
1.40
1.34
Net retention ratio Ratio of expenses of management Commission ratio (Gross) Ratio of policyholders’ liabilities to shareholders’ funds Growth rate of shareholders’ funds Ratio of surplus to policyholders’ liabilities Change in net worth Profit after tax/Total Income (Total real estate + loans)/(Cash + Invested Assets) 11. Total Investments/Net worth 12. Total affiliated investments/(Capital + Surplus)
AnnuitiesParticipating 2010 2009 0.66
1.66
Annuities- Linked Non-par 2010 2009 0.81
1.07
Unit Linked NonParticipating 2010 2009 1.00
1.26
2010 2009 99.37% 98.49% 26.08% 35.60% 6.07% 9.67% 2,009.77% 1,572.28% 29.09% 22.91% 0.09% 0.10% 29.09% 22.91% 1.75% 0.69% 0.08% 0.14% 2,184.11% 1,655.94% 0.00 0.00
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li mi te d
35
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 15. Investments A. All the investments of the Company are performing investments in accordance with the directions issued by the Insurance Regulatory and Development Authority. B. For the purposes of meeting the requirement of Section 7 of the Insurance Act, 1938, the Company has earmarked securities relating to 7.27% Government of India, 2013, having face value of Rs. 100,000 in constituent SGL Account with its Bankers (2009 – 5.87% Government of India, 2010, having face value of Rs.100,000 ). These investments are classified under Investments – Shareholders’ (Refer Schedule 8). C. Value of contracts in relation to investments for: 2010 1,508,957 489,512
Particulars Purchases where deliveries are pending Sales where payments are due D.
Particulars
2010 Revenue Account
Interest, Dividends and Rent – Gross Add/(Less) : (Premium on investments amortized)/Discount on accretion Interest, Dividends and Rent- Net of amortisation
2,631,172 (30,560) 2,600,612
Profit & Loss Account 189,364 (13,256) 176,108
2009 955,643 367,809
2009 Revenue Account Profit & Loss Account 1,684,098 26,714
194,795 14,824
1,710,812
209,619
16. Related parties disclosures The disclosures relating to related parties as required by Accounting Standard 18 on Related Parties Disclosures by the Institute of Chartered Accountants of India are as under: A.
B.
36
Related Parties where control exists Nature of relationship Related Party Holding Company Kotak Mahindra Bank Limited Related parties where transactions have taken place during the years ended March 31, 2010 and March 31, 2009 (i) Holding Company Kotak Mahindra Bank Limited (ii) Joint Venturer Old Mutual Plc (iii) Enterprise in which joint venturer has significant influence Old Mutual Life Assurance Company (South Africa) Limited (iv) Fellow Subsidiaries Kotak Mahindra Prime Limited. Kotak Securities Limited Kotak Mahindra Capital Company Limited Kotak Mahindra Asset Management Company Limited Kotak Mahindra Investments Ltd (v) Entities managed by Fellow Subsidiaries Kotak Mahindra Mutual Fund managed by Kotak Mahindra Asset Management Company Limited (vi) Enterprises in which key management personnel have Kotak Life Insurance Superannuation Fund significant influence (vii) Enterprises in which relatives of key management personnel Kotak Commodities Services Limited have significant influence Aero Agencies Limited (viii) Key management personnel Non-Executive Directors Mr. Uday Kotak, Chairman Mr. Rafael Galdon, Vice-Chairman (w.e.f. 30-Sep-2009) Mr. Hasan Askari, Vice-Chairman (upto 30-Sep-2009) Mr. Crispin Sonn, Director (w.e.f. 30-Sep-2009) Mr. Paul Hanratty, Director (upto 30-Sep-2009) Mr. Dipak Gupta, Director Executive Directors Mr. Gaurang Shah, Managing Director Mr. Pankaj Desai, Whole-time Director
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) C.
The following are transactions and closing balances of related parties in the ordinary course of business: Nature of transaction
Name of the Related Party Holding Company
Assets/Liabilities Bank Balance Bank Deposits Mutual Funds Bonds Group Insurance Policy Deposits
Kotak Mahindra Bank Ltd. 1,280,793 Kotak Mahindra Bank Ltd. 50,700 Kotak Mahindra Mutual Fund — Kotak Mahindra Prime Ltd. — Kotak Mahindra Bank Ltd. 4,059 Kotak Securities Ltd. — Kotak Mahindra Prime Ltd. — Kotak Commodities Services Limited — Kotak Mahindra Asset Management Company Ltd. — Kotak Mahindra Capital Company Ltd. — Kotak Mahindra Investments Ltd. — Share Capital Kotak Mahindra Bank Ltd. 2,602,480 Kotak Mahindra Prime Ltd. — Kotak Mahindra Capital Company Ltd. — Old Mutual Plc — Outstanding Receivable/ Kotak Mahindra Asset Management (Payables) Company Ltd. — Kotak Mahindra Bank Ltd. (3,447) Kotak Securities Ltd. — Old Mutual Life Assurance Company (South Africa) Ltd. — Old Mutual Plc — Commission Payable Kotak Mahindra Bank Ltd. 45,406 Kotak Mahindra Prime Ltd. — Kotak Securities Ltd. — Transactions Purchase of Fixed Assets Kotak Mahindra Bank Ltd. — Kotak Securities Ltd. — Kotak Mahindra Prime Ltd. — Kotak Mahindra Asset Management Company Ltd. — Sale of Fixed Assets Kotak Mahindra Bank Ltd. — Brokerage Expenses Kotak Securities Ltd. — Commission Paid Kotak Mahindra Bank Ltd. 300,548 Kotak Securities Ltd. — Kotak Mahindra Prime Ltd. — Expenses/ Kotak Mahindra Asset Management Reimbursements for Company Ltd. — Services given Kotak Mahindra Bank Ltd. 4,843 Old Mutual Plc — Kotak Securities Ltd. — Kotak Mahindra Capital Company Ltd. — Expenses/ Aero Agencies Ltd. — Reimbursements for Kotak Mahindra Asset Management Services received Company Ltd. — Kotak Mahindra Bank Ltd. 108,358 Kotak Mahindra Prime Ltd. — Kotak Securities Ltd. — Old Mutual Life Assurance Company (South Africa) Ltd. — Remuneration of Key Key Management Personnel — Management Kotak Mahindra Bank Ltd. 4,806 Personnel Interest Kotak Mahindra Prime Ltd. Income/(Expense) — Premium Income Kotak Mahindra Asset Management Company Ltd. — Kotak Mahindra Bank Ltd. 4,142 Kotak Mahindra Prime Ltd. — Kotak Commodities Services Limited — Kotak Securities Ltd. — Kotak Mahindra Capital Company Ltd. — Superannuation Fund Kotak Life Insurance Superannuation Contribution Fund —
2009-10 Joint Fellow Venturer Subsidiaries
Holding Company 846,418 50,700 — — 569 — — —
— — — — — — — —
— — — 196,189 — 808 1,000 —
— — — — — — — 35
—
—
127
—
2,602,480
—
— 540,000
—
— —
— 1,326,755
633,668 —
— —
— — — — — — — —
471,570 — 31 2,250 —
— — 270,000 — — — — 1
—
157
—
— — — —
6 23 — 540,000
— — — —
— 1,326,755
633,668 —
— —
— — —
— —
— — (985)
2008-09 Joint Fellow Venturer Subsidiaries
Others
— — —
— 279 — — —
— — — 480 1,906
(7,972) — — — —
— — —
— 23,931 —
— — —
— — — — — —
258 — 19,158 — 30,020 14,130
— — — — — —
— — 52 —
— — — —
— —
— (5,137) —
— — —
— — 53,680 — —
227 — — —
178
—
109 — (433) — — — 1,168 6,657
Others
— — — (10,000) — — — — —
—
—
265 992
840 — 340,742 — —
— — — — —
— 9,359 — 87,573 21,536
— — — — —
— — — —
— 7,078 —
— — 227 —
21 — — 1,023
— — — —
— —
— —
— —
— —
67 —
— 14
— — — —
39,010 — — 1,346
— — — —
— 111,398 — —
— — — —
37,924 — 1,009 9,072
— — — —
— — —
— — —
— 28,749 —
— — 4,747
— —
— — —
4,112 23,441 —
—
30,135
—
—
—
1,035
—
— — — — —
189 — 210 — 1,061
— — — 70 —
— 4,971 — — —
— — — — —
203 — 219 — 1,220
— — — 64 —
—
256
—
—
—
37
—
—
—
3,037
—
—
—
3,602
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li mi te d
—
37
38
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
19,393 — 17,431 — 5,532 — 42,355 767 163,940 22,923 — — (96,325) 91,305 (48,950)
— — 709,481
26,594 209,483 5,371 — 365,631 384 — 49,161 (653) — 384,679 433,571 (67,941)
— — 1,094,841
71,023 — 76,557 — 156,000 8,344 20,683 906 — — 190,756 220,689 (64,688)
— — 4,596,018
1,611 —
134 —
56,640 —
20,248 328
—
—
—
8,420 —
756,820
1,162,648
4,604,067
—
— — 709,481
— — 1,094,841
— — 4,596,018
103,607
— 709,481 — —
— 1,094,841 — —
— 4,596,018 — —
—
— —
— —
— —
— 465,689
—
31,180 (17,004)
791 4,775 34 — 25,454
126
3,899 — 14,176
—
8,628
396 —
1,253
— —
—
482,692
— — 465,689
4,218 422,748 38,723 —
— —
—
—
2010
— —
—
—
2009
— 398,013
—
10,573 1,756
207 6,139 — — 4,181
46
4,083 — 12,329
—
6,233
257 —
1,756
— —
—
396,257
— — 398,013
— 360,032 37,981 —
Annuities Participating
— 8,363,082
—
207,821 (159,757)
276 55,531 8,585 — 103,587
39,842
— 1,010 48,064
—
5,234
96 —
41,724
— —
8,294,934
227,906
447,455 — 8,363,082
— 66,037 — 7,849,590
— —
—
—
2010
— —
—
—
2010
UnitLinked
— —
—
—
2009
3,000,944 323,916
—
1,204,957 (704,096)
82,417 151,247 119,118 — 727,035
125,141
— 88,383 500,860
—
65,524
49,067 89
297,797
— —
—
52,506 1,037,210
46,320 157,082 — — (315,953)
165,056
— — 1,089,716
—
6,445
46,061 —
1,037,210
— —
— — — 4,539,678 48,460,402 27,173,601
—
394,855 (152,459)
161 12,472 — — 366,378
15,844
— — 242,396
—
3,481
218 —
238,697
— —
4,495,497 46,163,554 25,812,475
196,640
182,469 1,608,461 902,683 — — — 4,539,678 48,460,402 27,173,601
— — — 44,181 2,298,959 1,361,126 — — — 4,313,027 44,552,982 24,909,792
— —
—
—
2009
Annuities-LinkedNon-par
2,551,175 5,624,274
—
851,997 21,355
— — 2,023,572 171,373 (1,342,949)
—
— 134,748 873,352
—
57,883
— 296,896
383,825
— 559,926
—
2,491,819
— 1,009 5,624,274
— — — —
— —
520,363
5,102,902
— —
520,363
5,102,902
2010
Total
— —
520,363
5,102,902
2009
9,100,802
—
2,854,635 (838,840)
83,484 270,334 2,152,720 171,373 —
176,724
70,873 224,140 2,015,795
224,078
250,292
79,114 297,758
869,540
52,194 559,925
—
2,460,282 (238,347)
231,310 199,522 1,699,544 139,847 —
— 190,058
86,172 320,437 2,221,934
—
163,426
74,349 294,831
1,282,719
58,251 568,966
3,243,421 2,551,175 3,243,421 5,624,274 69,422,192 43,041,064
—
1,690,352 (1,011,215)
— — 1,699,544 139,847 (149,039)
—
— 320,437 679,138
—
58,813
— 294,831
5,056
— 568,966
— 54,458,488 30,307,971
2,823,102 12,639,250
— 2,055,916 1,085,152 1,009 1,009 1,009 5,624,274 69,422,192 43,041,064
— 49,810 — — 9,236,787 7,070,838 — 52,833 37,981 — 52,402,572 29,222,819
— —
520,363
5,102,902
Shareholders and Unallocated Assets & Liabilities 2010 2009
* Note: The Policyholder Liabilities and Linked Liabilities are adequately backed by Policyholder Investments, Unit Linked Assets ,Cash and Bank Balances and Other assets.
Cash and Bank Balances 41,334 Reinsurance premium for future period 9,307 Advances 444 Income accrued on investments 86,429 Balance due from reinsurance companies 14,595 Outstanding Premium 61,603 Other Assets — Total Current Assets 213,712 Current Liabilities & Provisions Agents' Balances 11,231 Balance due to reinsurance companies — Claims Outstanding 9,620 Current Liabilities 2,062 Provisions — Control Account 102,196 Total Current Liabilities 125,109 Net Current Assets 88,603 Miscellaneous Expenditure (To the extent not written off or adjusted) — Debit Balance in Profit and Loss Account — Total Assets 5,413,904
— —
— —
— —
2009
2010
Non-Participating business
2009
Participating business
2010 SOURCES OF FUNDS Shareholders' Funds Share Capital — Reserves and Surplus — Credit/Debit Fair Value change – account — Borrowings — Credit/[Debit] Fair Value Change Account 45,592 Policy Liabilities * 5,354,202 Insurance reserve 14,110 Linked liabilities * — Funds for Future Appropriation: Linked Liabilities — Others — Total 5,413,904 APPLICATION OF FUNDS Investments 5,273,241 Assets held to cover linked liabilities — Loans against policies 52,060 Fixed Assets —
Particulars
17. Segmental balance sheet as on March 31 2010 Registration No: 107; Date of Registration: January 10, 2001
Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated)
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 18. Segment-wise revenue account for the year ended March 31, 2010 Category
Premium Income First Year Premium Renewal Premium Single Premium (a) Premium Income (b) Reinsurance Ceded (c) Reinsurance accepted Income from Investments Interest, divident & rent Premium on investments amortized(Net) (a) Interest, divident & rent – Net (b) Profit on sale/redemption of investments (c) Loss on sale/redemption of investments (d) Transfer/Gain on revaluation Other Income (a) Contribution from Shareholder's Account (b) Miscellaneous income (c) Profit(Loss) on Sale of Fixed Assets TOTAL(A) Commission First Year Premium Renewal Premium Single Premium Commission on Reinsurance Ceded Net Commission Operating Expenses related to Insurance Business (Refer Schedule 16 – Note 2 k) Provision for doubtful debts Bad debts written off Provision for Tax(Fringe Benefit Tax) Diminution in the value of investments(Net) TOTAL(B) Claims by Death Annuities/Pension payment Surrender payments & rider benefits Reinsurance: Claims by death Benefits paid(net) Interim Bonuses paid Change in valuation of Liability in respect of Life policies (a) Gross (b) Amount ceded in reinsurance (c) Amount accepted in reinsurance Provision for linked liabilities TOTAL( C) SURPLUS/(DEFICIT) (D)=(A)—(B)—(C) APPROPRIATIONS Transfer to Shareholders’—Account Transfer to Other Reserves (to be specified) Transfer to Funds for Futue Approriation SURPLUS/(DEFICIT) AFTER APPROPRIATION SURPLUS/(DEFICIT) BROUGHT FORWARD SURPLUS/(DEFICIT) CARRIED FORWARD TO BALANCE SHEET (a) Interim Bonuses Paid (b) Allocation of Bonus to Policyholders (c) Surplus/(Deficit) shown in the Revenue Account (d) Total Surplus: [(a) + (b) + (c)]
Participating
NonAnnuities Participating Participating
Annuity Unit Linked Non- Linked NonParticipating Participating
274,533 1,000,154 90 1,274,777 (16,390) — — 354,788 (38,196) 316,591 55,538 (16,720) — — — 7,228 31 1,621,056 — 77,096 23,827 (1) (4,905) 96,017
416,984 126,258 625,834 1,169,076 (82,022) — — 57,196 368 57,564 8,838 (10) — — — 517 28 1,153,992 — 16,573 3,499 22 (45,823) (25,728)
2,082 53,999 — 56,081 (610) — — 30,443 (2,184) 28,259 4,208 (1,395) — — — 38 1 86,583
1,830,196 1,489,837 4,341 3,324,374 (323) — — 365,429 2,627 368,055 312,307 (100,384) 539,592 — 176,960 2,541 80 4,623,201
136 482 — (1) 617
313,872 — — — (66,747) 343,142 77,545 — 445,455 (37,359) 485,641 —
162,888 — — — — 137,160 524,508 — 63,435 (304,856) 283,087 —
— 758,182 — — — 1,243,823 34,091 — 19,981 — — 14,110
Total
127,127 22,571 111 (26) 149,783
8,313,861 12,670,406 1,871,914 22,856,182 (82,618) — — 1,823,316 6,825 1,830,143 3,200,573 (746,628) 4,682,712 — — 17,943 553 31,758,857 — 1,228,617 207,390 32,759 (10,289) 1,458,476
10,837,656 15,340,654 2,502,179 28,680,489 (181,963) — — 2,631,172 (30,560) 2,600,612 3,581,464 (865,137) 5,222,304 — 176,960 28,267 693 39,243,689 — 1,449,549 257,769 32,891 (61,044) 1,679,165
3,427 — — — (4,941) (897) 1,517 — 20,635 (65) 22,087 —
445,423 — — — — 595,207 61,669 — 156,758 — 218,427 —
4,812,759 — — — — 6,271,234 317,055 — 3,658,762 (18,230) 3,957,587 —
5,738,369 — — — (71,688) 7,345,846 982,294 — 4,345,045 (360,510) 4,966,829 —
— 385,360 — — — 668,447 348,385 — 348,385 — — —
— 62,717 — — — 84,804 2,676 — 1,934 — — 742 37,981
— 21,856 — — 3,523,498 3,763,781 264,213 — — — 264,212 — —
14,110
—
179,826
—
38,723 — 17,410
— — —
— — —
52,833 — 197,236
14,110 193,937
— —
742 18,151
— —
— —
14,852 212,088
— — 937,832 2,165,947 — — — — 19,551,945 23,075,443 24,447,363 30,208,218 1,040,259 1,689,624 — — 338,178 708,478 — — 702,082 966,294 — 14,852 37,981
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li mi te d
39
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 18 Segment—wise revenue account for the year ended March 31, 2009 Category Premium Income First Year Premium Renewal Premium Single Premium (a) Premium Income (b) Reinsurance Ceded (c) Reinsurance accepted Income from Investments Interest, dividend & rent – Net Premium on investments amortized (Net) (a) Interest, divident & rent – Net (b) Profit on sale/redemption of investments (c) Loss on sale/redemption of investments (d) Transfer/Gain on revaluation Other Income (a) Contribution from Shareholder's Account (b) Miscellaneous income (c) Profit(Loss) on Sale of Fixed Assets TOTAL(A) Commission First Year Premium Renewal Premium Single Premium Commission on Reinsurance Ceded Net Commission Operating Expenses related to Insurance Business ( Refer Schedule 16 – Note 2 k ) Provision for doubtful debts Bad debts written off Provision for Tax(Fringe Benefit Tax) Diminution in the value of investments(Net) TOTAL(B) Claims by Death Annuities/Pension payment Surrender payments & rider benefits Reinsurance :—Claims by death Benefits paid(net) Interim Bonuses paid Change in valuation of Liability in respect of Life policies (a) Gross (b) Amount ceded in reinsurance (c) Amount accepted in reinsurance Provision for linked liabilities TOTAL( C) SURPLUS/(DEFICIT) (D)=(A)–(B)–(C) APPROPRIATIONS Transfer to Shareholders’—Account Transfer to Other Reserves (to be specified) Transfer to Funds for Futue Approriation SURPLUS/(DEFICIT) AFTER APPROPRIATION SURPLUS/(DEFICIT) BROUGHT FORWARD SURPLUS/(DEFICIT) CARRIED FORWARD TO BALANCE SHEET (a) Interim Bonuses Paid (b) Allocation of Bonus to Policyholders (c) Surplus/ (Deficit) shown in the Revenue Account (d) Total Surplus: [(a) + (b) + (c)]
40
Participating
NonParticipating
Annuities Participating
Annuity Linked NonParticipating
Unit Linked NonParticipating
Total
248,231 1,068,460 188 1,316,879 (16,894) — — 281,300 13,485 294,785 255,038 (434,274) — —
375,110 109,496 368,960 853,566 (274,665) — — 45,976 6,849 52,825 25,403 (14,174) — —
11,239 (3) 1,426,770 — 64,719 26,926 1 (49) 91,597
419 (2) 643,372 — 9,307 9,215 11 (1,578) 16,955
3,132 57,094 15 60,241 (373) — — 25,648 1,607 27,255 17,725 (31,777) — — — 146 (0) 73,217
2,237,767 736,640 17,859 2,992,266 (201) — — 171,287 35 171,322 109,463 (519,638) (49,629) — 238,697 857 (7) 2,943,131
73 430 0 (0) 503
144,488 10,890 346 (34) 155,690
10,009,706 8,029,981 169,286 18,208,973 (62,384) — — 1,159,888 4,737 1,164,625 962,758 (4,748,040) (735,853) — 62,593 15,969 (41) 14,868,600 — 1,851,447 143,488 3,376 (8,733) 1,989,578
12,873,946 10,001,671 556,308 23,431,925 (354,516) — — 1,684,099 26,713 1,710,812 1,370,387 (5,747,903) (785,482) — 301,290 28,630 (53) 19,955,090 — 2,070,034 190,949 3,734 (10,394) 2,254,323
250,643 — — 1,106 (3,085) 340,261 22,401 — 379,800 (3,005) 399,196 —
166,148 — — 733 — 183,836 215,626 — 26,022 (93,488) 148,160 —
4,493 — — 20 3,613 8,629 1,092 — 19,032 (373) 19,751 —
590,887 — — 2,608 — 749,185 25,408 — 7,501 — 32,909 —
5,064,486 — — 22,357 — 7,076,421 143,422 — 1,696,115 (9,158) 1,830,379 —
6,076,657 — — 26,824 528 8,358,332 407,949 — 2,128,471 (106,024) 2,430,395 —
— 685,270 — — — 1,084,466 2,043 — 2,043 — — —
— 112,735 — — — 260,895 198,641 — 198,641 — — —
— 42,435 — — — 62,186 2,402 — 1,385 — — 1,017 36,964
— 27,233 — — 1,986,408 2,046,550 147,396 — — — 147,396 — —
— 882,061 — — 4,672,993 7,385,433 406,746 — — — 406,746 —
— 1,749,734 — — 6,659,401 10,839,530 757,228 — 202,069 — 554,142 1,017 36,964
—
—
37,981
—
— — —
—
98,784
37,981 — 12,467
— 98,784
— —
1,017 13,484
— —
— —
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
111,251 1,017 112,268
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 19. Additional segment reporting Particulars
Participating business 2010
2009
Non-cash expenses other than depreciation Liability against life policies 758,182 685,268 Transfer to linked fund — — Transfer to fund for future appropriation — — Bonus to Policyholders 179,826 98,784 Amortization of premium on investments (38,196) 13,485 Gratuity and leave encashment 1,752 1,485
Non-Participating business
Annuities Participating
Annuities-Linked-Nonparticipating
Unit-Linked NonParticipating
Shareholders
Total
2010
2009
2010
2009
2010
2009
2010
2009
2010
2009
2010
2009
385,360
112,735
62,717
42,436
21,856
27,233
937,832
882,061
—
—
2,165,947
1,749,734
—
—
—
—
3,523,498
1,986,408 19,551,944
4,672,993
—
— 23,075,442
6,659,401
—
—
—
—
264,212
147,395
702,082
406,748
—
—
966,294
554,142
—
—
17,410
12,467
—
—
—
—
—
—
197,236
111,251
368
6,849
(2,184)
1,607
2,627
35
6,826
4,737
(43,816)
41,538
909
985
27
2,486
3,501
26,862
30,010
32,028
36,008
19
(13,256) 14,824
—
—
20. Summary of financial statements Sr. Particulars No. Policyholders’ Account 1. Gross premium income 2. Net premium income 3. Income from investments (Net of Amortisation) 4. Other income 5. Total Income 6. Commission & Brokerage 8. Operating expenses related to insurance business including Fringe Benefit Tax 9. Provisions for Diminution in value of investments (net) 10. Total Expenses 11. Benefits paid 12. Increase in actuarial liability 13. Provision for Linked Liabilities 14. Surplus/ (Deficit) (before appropriation) Shareholders’ Account 15. Total income under shareholders’ Account 16. Total Expenses under shareholder’s Accounts 17. Profit/(Loss) before tax 18. Provision for tax 19. Profit/ (Loss) after tax 20. Balance at the beginning of the year 21. Profit/(Loss) carried to Balance Sheet
2010
2009
2008
2007
2006
28,680,489 28,498,526 10,539,243 205,920 39,243,689 1,679,165
23,431,925 23,077,409 (3,452,186) 329,867 19,955,090 2,254,323
16,911,366 16,627,098 2,610,124 1,099,659 20,336,881 1,551,115
9,715,141 9,513,372 1,193,878 1,186,898 11,894,148 802,032
6,218,519 6,106,986 1,248,219 502,165 7,857,370 591,182
5,738,369
6,103,481
4,276,854
2,421,903
1,351,515
(71,688) 7,345,846 4,966,829 2,165,947 23,075,443 1,689,624
528 8,358,332 2,430,395 1,749,734 6,659,401 757,228
71,160 5,899,129 2,625,540 1,297,916 9,917,971 596,325
— 3,223,935 1,731,712 1,208,134 5,080,269 650,098
— 1,942,697 419,665 1,246,757 4,221,738 26,513
912,744 220,498 692,246 — 692,246 (3,243,421) (2,551,175)
465,109 321,708 143,401 — 143,401 (3,386,822) (3,243,421)
364,352 1,091,419 (727,067) (8,322) (718,745) (2,668,077) (3,386,822)
85,950 1,182,306 (1,096,357) 8,322 (1,104,679) (1,563,398) (2,668,076)
64,254 500,205 (435,951) 8,270 (444,221) (1,109,906) (1,554,127)
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li mi te d
41
Registration No: 107; Date of Registration: January 10, 2001 Schedules forming part of the financial statements (Contd.) for the year ended 31 March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 20. Summary of financial statements (Contd.) Sr. Particulars No. 22. (A) Policyholders’ account: Total Funds Total Investments Yield on Investments (%) (B) Shareholders’ account: Total Funds Total Investments Yield on Investments (%) 23. Yield on Total Investments 24. Paid up Equity Capital 25. Net Worth 26. Total Assets 27. Earnings per share (Rupees) 28. Book Value per share (Rupees)
2010
2009
2008
2007
2006
9,339,430 10,147,431 7.69%
7,070,838 6,277,699 5.25%
5,321,105 5,704,368 13.28%
4,023,188 4,026,888 11.90%
2,815,055 2,975,227 9.28%
3,072,090 2,491,819 8.90% 7.96% 5,102,902 3,072,090 66,871,017 1.36 6.02
2,379,844 2,823,102 12.10% 7.17% 5,102,902 2,379,844 39,797,642 0.29 4.66
1,936,273 1,312,978 9.45% 12.24% 4,802,732 1,936,273 30,389,777 (1.80) 4.03
1,155,750 853,836 5.92% 10.34% 3,303,466 1,155,750 17,991,510 (3.97) 3.50
925,093 656,985 6.68% 8.45% 2,445,835 925,093 11,471,461 (1.94) 3.78
21. Earnings per share Earnings Per Share is calculated by dividing the Profits/(Loss) in the Shareholders’ Account by the weighted average number of equity shares outstanding during the year. The numbers used in calculating basic and diluted earnings per equity share are as follows: Particulars Profit/(Loss) after taxation and before exceptional items Profit/(Loss) after taxation Weighted average number of shares Earnings per share before exceptional items (Basic and Diluted) Earnings per share (Basic and Diluted) Face value per share 22. Employee share option plans (ESOP)
2010 692,246 692,246 510,290,249 1.36 1.36 Rs.10
2009 143,401 143,401 496,474,170 0.29 0.29 Rs.10
At the Annual General Meetings of the holding company, Kotak Mahindra Bank Limited, the shareholders of the Bank had unanimously passed Special Resolutions on 28th July, 2000, 26th July, 2004 & 26th July, 2005, 5th July, 2007 and 21st August, 2007, to grant options to the Eligible Employees of the Bank and its subsidiaries companies. Pursuant to these resolutions, the following four Employees Stock Option Schemes had been formulated and adopted: (a) Kotak Mahindra Equity Option Scheme 2001-02 (b) Kotak Mahindra Equity Option Scheme 2002-03 (c) Kotak Mahindra Equity Option Scheme 2005 (d) Kotak Mahindra Equity Option Scheme 2007 In terms of the Securities and Exchange Board of India (Employees Stock Option Scheme and Employee Stock Purchase) Guidelines, 1999, the option discount (being excess of the market price of the share over the exercise price of the option) is to be accounted for as employee compensation and shall be amortised on a straight line basis over the vesting period. During the year, the Company reimbursed Kotak Mahindra Bank Limited Rs. 12,268 (2009 – Rs. 19,945) towards ESOP granted to the employees of the Company. These costs are a part of Employees’ remuneration and welfare benefits in Schedule 3.
23. Micro, Small and Medium Enterprises Development Act, 2006 The Company has not received any intimation from “suppliers” regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosures, if any, relating to amounts unpaid as at the year end together with interest paid/payable as required under the said Act have not been given. 24. Disclosure of certain expenses As required under Circular no 067/IRDA/F&A/CIR/MAR -08 dated March 28, 2008, expenses incurred under the following heads are as follows: Particulars (i) Outsourcing Expenses (ii) Business Development (iii) Marketing Support
42
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
2009-10 104,677 200,879 342,581
2008-09 83,005 213,405 264,028
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25. Unit Linked Disclosures Norms
Unit Linked Disclosures made hereunder are in accordance with the instructions received from the Insurance Regulatory & Development Authority vide circular numbers 054/IRDA/F and A/FEB-07 dated February 20, 2007 and IRDA/F&A/001/Apr-07 dated 16th April, 2009
25A. Unit Linked Disclosures — Revenue Account
REVENUE ACCOUNT FOR THE YEAR ENDED 31st March 2010 Policyholders’ Account (Technical Account) Particulars
Schedule
Linked Life Non-Unit (1)
Linked Pension
Unit (2)
Total (3)=(1)+(2)
4,839,083 16,795,438
21,634,521
Non-Unit (4)
Unit (5)
Linked Group Unit (8)
Total (9)=(7)+(8)
Total Unit Linked (10)=(3)+(6)+(9)
13,648 1,208,013
Total Non-Unit (6)=(4)+(5) (7)
Premiums earned – net (a) Premium (b) Reinsurance ceded
1,221,661
26,180,556
(81,901)
—
(81,901)
963,763 2,360,611 (323)
—
3,324,374 (323)
(717)
—
(717)
(82,941)
Income from Investments (a) Interest, Dividend & Rent – Gross (Net of amortization)
118,087
1,570,727
1,688,814
11,786
356,269
368,055
1,829
139,499
141,328
2,198,197
(b) Profit on sale/ redemption of investments
30,669
3,027,949
3,058,618
2,657
309,650
312,307
936
141,018
141,954
3,512,880
(c) Loss on sale/ redemption of investments
(454)
(705,430)
(705,884)
(28)
(100,356)
(100,384)
(4)
(40,741)
(40,745)
(847,013)
—
4,563,722
4,563,722
—
539,592
539,592
—
118,990
118,990
5,222,304
UL1 1,900,189 (1,900,189)
—
222,949
(222,949)
—
34,096
(34,096)
—
—
(d) Unrealised gain/(loss) Other income (a) Linked Income (b) Contribution from the Shareholders’ a/c (c) Other Income (d) Loss on Sale of Fixed asset
—
—
—
176,960
—
176,960
17,688
—
17,688
2,541
—
2,541
523
—
523
80
—
80
30,176,101 1,380,385 3,242,817
4,623,201
—
—
176,960
255
—
255
20,484
30
—
30
632
50,073 1,532,683
1,582,756
36,382,058
Total (A)
6,823,884 23,352,217
Commission
1,457,873
—
1,457,873
149,783
—
149,783
603
—
603
1,608,259
Operating Expenses related to Insurance Business
4,791,687
—
4,791,687
445,424
—
445,424
21,071
—
21,071
5,258,181
—
—
—
—
—
—
—
—
—
—
6,249,560
—
6,249,560
595,207
—
595,207
21,674
—
21,674
6,866,441
255,733
3,536,760
3,792,493
8,245
210,182
218,427
4,091
161,002
165,093
4,176,013
—
—
—
—
—
—
—
—
—
—
Provision for Taxation Total (B) Benefits Paid (Net) Interim Bonus Paid Change in Valuation Liability
UL2
930,611 18,160,353
19,090,964
21,856 3,523,498
3,545,355
7,222 1,391,591
1,398,813
24,035,132
Total (C)
1,186,344 21,697,113
22,883,457
30,101 3,733,680
3,763,782
11,313 1,552,593
1,563,906
28,211,145
Surplus/(Deficit) (D) = (A) – (B) – (C)
(612,020)
1,655,104
1,043,084
755,077
(490,864)
264,213
17,086
(19,910)
(2,824)
1,304,473
Insurance reserve at the beginning of the year
—
—
—
—
—
—
—
—
—
—
Transfer to Shareholders’ a/c
—
341,002
341,002
—
—
—
—
(2,824)
(2,824)
338,178
Funds available for future appropriations
—
702,082
702,082
264,213
—
264,213
—
—
—
966,295
Total (D)
—
1,043,084
1,043,084
264,213
—
264,213
—
(2,824)
(2,824)
1,304,473
APPROPRIATIONS
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
43
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2009 (Currency: In thousands of Indian Rupees unless otherwise stated) 25A. Unit Linked Disclosures — Revenue Account
REVENUE ACCOUNT FOR THE YEAR ENDED 31st March, 2009 Policyholders’ Account (Technical Account) Particulars
Schedule
Linked Life Non-Unit (1)
Linked Pension
Unit (2)
Total (3)=(1)+(2)
6,381,072 11,033,194
17,414,266
Non-Unit (4)
Unit (5)
Linked Group
Total Non-Unit (6)=(4)+(5) (7)
Unit (8)
Total (9)=(7)+(8)
Total Unit Linked (10)=(3)+(6)+(9)
Premiums earned – net (a) Premium (b) Reinsurance ceded
314,056 2,678,210
2,992,266
2,289
792,418
794,707
21,201,239
(62,384)
—
(62,384)
(201)
—
(201)
—
—
—
(62,585)
(a) Interest, Dividend & Rent – Gross (Net of amortization)
52,996
1,030,353
1,083,349
3,382
167,941
171,322
330
80,945
81,275
1,335,947
(b) Profit on sale/ redemption of investments
49,940
857,359
907,299
3,019
106,444
109,463
218
55,241
55,459
1,072,221
(c) Loss on sale/ redemption of investments
(9,188) (4,587,006)
Income from Investments
(4,596,193)
(420)
(519,218)
(519,638)
(26)
(151,820)
(151,846)
(5,267,677)
(725,940)
(725,940)
—
(49,629)
(49,629)
—
(9,913)
(9,913)
(785,482)
UL1 1,206,437 (1,206,437)
—
171,609
(171,609)
—
14,069
(14,069)
—
—
(d) Unrealised gain/(loss)
—
Other income (a) Linked Income (b) Contribution from the Shareholders’ a/c
62,593
—
62,593
238,697
—
238,697
—
—
—
301,290
(c) Other Income
15,649
—
15,649
857
—
857
320
—
320
16,826
(7)
—
(7)
(2)
—
(2)
(48)
730,992 2,212,139
2,943,131
17,197
752,802
770,000
17,811,731
(d) Loss on Sale of Fixed asset
(39)
—
(39)
Total (A)
7,697,076
6,401,523
14,098,600
Commission
1,989,153
—
1,989,153
155,690
—
155,690
425
—
425
2,145,268
Operating Expenses related to Insurance Business
5,040,346
—
5,040,346
590,887
—
590,887
24,140
—
24,140
5,655,373
22,250
—
22,250
2,608
—
2,608
107
—
107
24,965
7,051,749
—
7,051,749
749,185
—
749,185
24,671
—
24,672
7,825,606
119,445
1,454,780
1,574,225
6,346
26,563
32,909
1,865
254,289
256,154
1,863,288
—
—
—
—
—
—
—
—
—
—
Provision for Taxation Total (B) Benefits Paid (Net) Interim Bonus Paid Change in Valuation Liability
UL2
882,061
4,183,818
5,065,879
27,233 1,986,408
2,013,641
—
489,174
489,174
7,568,695
Total (C)
1,001,506
5,638,598
6,640,104
33,579 2,012,971
2,046,550
1,865
743,463
745,328
9,431,983
Surplus/(Deficit) (D) = (A) – (B) – (C)
(356,179)
762,925
406,746
(51,772)
199,167
147,396
(9,339)
9,339
—
554,142
Insurance reserve at the beginning of the year
—
—
—
—
—
—
—
—
—
—
Transfer to Shareholders’ a/c
—
—
—
—
—
—
—
—
—
—
Funds available for future appropriations
—
406,746
406,746
—
147,396
147,396
—
—
—
554,142
Total (D)
—
406,746
406,746
—
147,396
147,396
—
—
—
554,142
APPROPRIATIONS
44
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25A. Unit Linked Disclosures — Revenue Account
Schedules to Annexure to Revenue Account (UL) forming part of Financial Statements
Schedule — UL1
Linked Income (recovered from linked funds)* Particulars
Life Linked Unit (1)
Fund Administration charges
Pension Linked Unit (2)
Linked Group Unit (3)
Total (4)=(1)+(2)+(3)
—
—
—
—
Fund Management charge
586,870
87,367
20,399
694,636
Policy Administration charge
523,417
133,947
—
657,364
Surrender charge**
383,231
97
—
383,328
30
—
—
30
353,859
1,444
13,647
368,950
46,086
—
—
46,086
—
—
—
—
6,696
94
50
6,840
1,900,189
222,949
34,096
2,157,234
Linked Group Unit (3)
Total (4)=(1)+(2)+(3)
Switching charge Mortality charge Rider Premium charge Partial withdrawal charge Miscellaneous charge Total (UL–1)
*
** Surrender charge includes partial surrender charge
(net of service tax, if any). Fund management charges are inclusive of service tax figures
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2009 (Currency: In thousands of Indian Rupees unless otherwise stated) 25A. Unit Linked Disclosures — Revenue Account
Schedules to Annexure to Revenue Account (UL) forming part of Financial Statements
Schedule — UL1
Linked Income (recovered from linked funds)* Particulars
Life Linked Unit (1)
Fund Administration charges
—
—
—
—
Fund Management charge
366,343
41,719
11,427
419,489
Policy Administration charge
511,903
128,349
216
640,468
33,437
56
26
33,519
34
9
—
43
258,653
1,409
2,290
262,352
30,554
—
—
30,554
—
—
—
—
5,514
67
110
5,691
1,206,437
171,609
14,069
1,392,116
Surrender charge** Switching charge Mortality charge Rider Premium charge Partial withdrawal charge Miscellaneous charge Total (UL–1)
*
** Surrender charge includes partial surrender charge
Pension Linked Unit (2)
(net of service tax, if any). Fund management charges are inclusive of service tax figures
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
45
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25A. Unit Linked Disclosures — Revenue Account
Schedule — UL2
BENEFITS PAID [NET] Sl. No.
Particulars
1.
Insurance Claims
Linked Life Non Unit (1)
(a) Claims by Death
Linked Pension
Unit Linked Life (2) (3)=(1)+(2)
Linked Group
Non-Unit (4)
Unit (5)
Linked Pension (6)=(4)+(5)
Non-Unit (7)
Unit (8)
Total Unit Linked Linked (10)=(3)+(6)+(9) Group (9)=(7)+(8)
265,765
44,385
310,150
6,985
54,684
61,669
5,564
1,341
6,905
378,723
(b) Claims by Maturity
—
44
44
—
86
86
—
94,818
94,818
94,949
(c) Annuities/Pension payment
—
—
—
—
—
—
—
—
—
—
(d) Other benefits
— Survival
—
—
—
—
—
—
—
—
—
—
— Surrender
—
3,492,331
3,492,331
—
155,412
155,412
—
64,843
64,843
3,712,586
— Others
7,702
—
7,702
1,259
—
1,259
(976)
—
(976)
7,985
273,467
3,536,760
3,810,227
8,244
210,182
218,426
4,588
161,002
165,590
4,194,244
17,734
—
17,734
—
—
—
497
—
497
18,231
(b) Claims by Maturity
—
—
—
—
—
—
—
—
—
—
(c) Annuities/Pension payment
—
—
—
—
—
—
—
—
—
—
— Surrender
—
—
—
—
—
—
—
—
—
—
— Survival
—
—
—
—
—
—
—
—
—
—
17,734
—
17,734
—
—
—
497
—
497
18,231
255,733
3,536,760
3,792,493
8,244
210,182
218,426
4,091
161,002
165,093
4,176,013
255,733
3,536,760
3,792,493
8,244
210,182
218,426
4,091
161,002
165,093
4,176,013
Outside India
—
—
—
—
—
—
—
—
—
—
TOTAL (UL2)
255,733
3,536,760
3,792,493
8,244
210,182
218,426
4,091
161,002
165,093
4,176,013
Sub Total (A) 2.
Amount Ceded in reinsurance (a) Claims by Death
(d) Other benefits
Sub Total (B) TOTAL (A) – (B) Benefits paid to claimants: In India
46
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2009 (Currency: In thousands of Indian Rupees unless otherwise stated) 25A. Unit Linked Disclosures — Revenue Account
Schedule — UL2
BENEFITS PAID [NET] Sl. No.
Particulars
1.
Insurance Claims
Linked Life Non-Unit (1)
(a) Claims by Death
Linked Pension
Unit Linked Life (2) (3)=(1)+(2)
Linked Group
Non-Unit (4)
Unit (5)
Linked Pension (6)=(4)+(5)
Non-Unit (7)
Unit (8)
Total Unit Linked Linked (10)=(3)+(6)+(9) Group (9)=(7)+(8)
122,167
19,781
141,948
1,744
23,664
25,407
766
707
1,473
168,828
(b) Claims by Maturity
—
—
—
—
—
—
—
69,440
69,440
69,440
(c) Annuities/Pension payment
—
—
—
—
—
—
—
—
—
—
(d) Other benefits
— Survival
—
—
—
—
—
—
—
—
—
—
— Surrender
—
1,434,999
1,434,999
—
2,899
2,899
—
184,141
184,141
1,622,039
— Others
6,270
—
6,270
4,603
—
4,603
1,265
—
1,265
12,138
128,437
1,454,780
1,583,217
6,346
26,563
32,909
2,031
254,289
256,320
1,872,446
8,992
—
8,992
—
—
—
166
—
166
9,158
(b) Claims by Maturity
—
—
—
—
—
—
—
—
—
—
(c) Annuities/Pension payment
—
—
—
—
—
—
—
—
—
—
— Surrender
—
—
—
—
—
—
—
—
—
—
— Survival
—
—
—
—
—
—
—
—
—
—
8,992
—
8,992
—
—
—
166
—
166
9,158
119,445
1,454,780
1,574,225
6,346
26,563
32,909
1,865
254,289
256,154
1,863,288
119,445
1,454,780
1,574,225
6,346
26,563
32,909
1,865
254,289
256,154
1,863,288
Outside India
—
—
—
—
—
—
—
—
—
—
TOTAL (UL2)
119,445
1,454,780
1,574,225
6,346
26,563
32,909
1,865
254,289
256,154
1,863,288
Sub Total (A) 2.
Amount Ceded in reinsurance (a) Claims by Death
(d) Other benefits
Sub Total (B) TOTAL (A) – (B) Benefits paid to claimants: In India
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
47
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25B. Unit Linked Disclosures — Fund Balance Sheet
Form A — BS(UL)
Fund Balance Sheet for the Year Ended 31st March, 2010
Particulars
Schedule
Kotak Guaranteed Money Market Fund
Kotak Group Money Market Fund
Money Market Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
816
932
14
14
8,106
—
1
—
—
—
1
—
Previous Year
Sources of Funds Policyholders’ Funds: Policyholder contribution
F-1
Appr/Ex-Appr Reserve Revenue Account
1,455
1,276
45
41
(12)
—
Total
2,272
2,208
59
55
8,095
—
Application of Funds Investments
F-2
2,272
2,209
59
54
4,055
—
Current Assets
F-3
—
—
—
1
4,225
—
Less: Current Liabilities and Provisions
F-4
—
(1)
—
—
(185)
—
—
—
—
—
4,040
—
Net current assets Total Net Asset Value (NAV) per Unit: (a) Net Asset as per Balance Sheet (Total Assets less Current Liabilities and Provisions)
2,272
2,208
59
55
8,095
—
17.2830
15.8391
17.1224
15.7362
10.0677
—
2,272
2,208
59
55
8,095
—
(b) Number of Units outstanding
131,453
139,495
3,473
3,473
804,059
—
(c) NAV per Unit (a)/(b) (Rs.)
17.2830
15.8319
17.1224
15.7362
10.0677
—
25B. Unit Linked Disclosures — Fund Balance Sheet (Contd.)
Form A–BS(UL)
Fund Balance Sheet for the Year Ended 31st March, 2010
Particulars
Schedule
Pension Money Market Fund II
Kotak Dynamic Gilt Fund
Kotak guaranteed Gilt Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
20,158
—
72,824
86,068
307,210
319,349
1
—
36
—
90
—
(49)
—
73,116
66,324
54,563
42,386
20,110
—
145,976
152,392
361,863
361,735 362,706
Sources of Funds Policyholders’ Funds: Policyholder contribution
F-1
Appr/Ex-Appr Reserve Revenue Account Total Application of Funds Investments
F-2
13,042
—
140,788
151,295
346,584
Current Assets
F-3
7,069
—
7,624
14,836
17,717
41,105
Less: Current Liabilities and Provisions
F-4
—
—
(2,436)
(13,739)
(2,438)
(42,076)
Net current assets Total Net Asset Value (NAV) per Unit: (a) Net Asset as per Balance Sheet (Total Assets less Current Liabilities and Provisions) (b) Number of Units outstanding (c) NAV per Unit (a)/(b) (Rs.)
48
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
7,069
—
5,188
1,097
15,279
(971)
20,110
—
145,976
152,392
361,863
361,735
10.0937
—
15.0810
14.2157
15.0383
14.2141
20,110
—
145,976
152,392
361,863
361,735
1,992,367
—
9,679,471
10,720,021
24,062,788
25,449,095
10.0937
—
15.0810
14.2157
15.0383
14.2141
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25B. Unit Linked Disclosures — Fund Balance Sheet (Contd.)
Form A — BS(UL)
Fund Balance Sheet for the Year Ended 31st March, 2010
Particulars
Schedule
Kotak Pension Gilt Fund
Kotak Group Gilt Fund
Gilt Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
206,178
224,462
76,531
61,772
778
—
53
—
(21)
—
—
—
Previous Year
Sources of Funds Policyholders’ Funds: Policyholder contribution
F-1
Appr/Ex-Appr Reserve Revenue Account Total
2,995
(1,788)
9,234
5,247
—
—
209,226
222,674
85,744
67,019
778
—
Application of Funds Investments
F-2
201,150
216,336
83,182
65,711
700
—
Current Assets
F-3
10,513
31,256
3,650
3,857
78
—
Less: Current Liabilities and Provisions
F-4
(2,437)
(24,918)
(1,088)
(2,549)
-
—
8,076
6,338
2,562
1,308
78
—
Net current assets Total
209,226
222,674
85,744
67,019
778
—
Net Asset Value (NAV) per Unit:
15.3817
14.5304
15.4197
14.4818
10.0576
—
(a) Net Asset as per Balance Sheet (Total Assets less Current Liabilities and Provisions) (b) Number of Units outstanding (c) NAV per Unit (a)/(b) (Rs.)
209,226
222,674
85,744
67,019
778
—
13,602,265
15,324,696
5,560,691
4,627,893
77,335
—
15.3817
14.5304
15.4197
14.4815
10.0576
—
25B. Unit Linked Disclosures — Fund Balance Sheet (Contd.)
Form A–BS(UL)
Fund Balance Sheet for the Year Ended 31st March, 2010
Particulars
Schedule
Kotak Dynamic Bond Fund
Kotak guaranteed Bond Fund
Kotak Pension Bond Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
172,340
142,133
271,979
218,227
346,177
327,612
130
—
180
—
201
—
64,520
50,559
54,662
36,367
23,429
3,551
236,990
192,692
326,821
254,594
369,807
331,163 322,152
Sources of Funds Policyholders’ Funds: Policyholder contribution
F-1
Appr/Ex-Appr Reserve Revenue Account Total Application of Funds Investments
F-2
217,118
161,634
302,284
238,699
339,230
Current Assets
F-3
19,874
31,459
24,538
28,569
30,583
34,184
Less: Current Liabilities and Provisions
F-4
(2)
(401)
(1)
(12,674)
(5)
(25,172)
19,872
31,058
24,537
15,895
30,578
9,012
Total
236,990
192,692
326,821
254,594
369,807
331,163
Net Asset Value (NAV) per Unit:
16.0612
14.6803
16.0069
14.5859
16.1255
14.7079
Net current assets
(a) Net Asset as per Balance Sheet (Total Assets less Current Liabilities and Provisions) (b) Number of Units outstanding (c) NAV per Unit (a)/(b) (Rs.)
236,990
192,692
326,821
254,594
369,807
331,163
14,755,457
13,125,853
20,417,526
17,454,849
22,933,085
22,516,013
16.0612
14.6803
16.0069
14.5859
16.1255
14.7079
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
49
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25B. Unit Linked Disclosures — Fund Balance Sheet (Contd.)
Form A — BS(UL)
Fund Balance Sheet for the Year Ended 31st March, 2010
Particulars
Schedule
Kotak Group Bond Fund
Pension Bond Fund II
Bond Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
1,218,347
780,062
760
—
75,521
—
6,569
—
42
—
4
—
Previous Year
Sources of Funds Policyholders’ Funds: Policyholder contribution
F-1
Appr/Ex-Appr Reserve Revenue Account Total
160,766
67,757
104
—
(27)
—
1,379,873
847,819
75,667
—
6,546
—
Application of Funds Investments
F-2
1,279,420
740,235
58,737
—
3,922
—
Current Assets
F-3
100,484
109,947
16,938
—
2,625
—
Less: Current Liabilities and Provisions
F-4
Net current assets Total Net Asset Value (NAV) per Unit: (a) Net Asset as per Balance Sheet (Total Assets less Current Liabilities and Provisions) (b) Number of Units outstanding (c) NAV per Unit (a)/(b) (Rs.)
(31)
(2,363)
(8)
—
(1)
—
100,453
107,584
16,930
—
2,624
—
1,379,873
847,819
75,667
—
6,546
—
16.3723
14.6634
10.1341
—
10.1067
—
1,379,873
847,819
75,667
—
6,546
—
84,280,951
57,818,850
7,466,571
—
647,675
—
16.3723
14.6634
10.1341
—
10.1067
—
25B. Unit Linked Disclosures — Fund Balance Sheet (Contd.)
Form A–BS(UL)
Fund Balance Sheet for the Year Ended 31st March, 2010
Particulars
Schedule
Kotak Dynamic Floating Rate Fund
Kotak guaranteed Floating Rate Fund
Kotak Pension Floating Rate Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
61,320
91,972
217,284
224,013
92,015
83,038
58
—
150
—
53
—
44,641
40,597
52,025
44,966
2,593
991
106,019
132,569
269,459
268,979
94,661
84,029 78,460
Sources of Funds Policyholders’ Funds: Policyholder contribution
F-1
Appr/Ex-Appr Reserve Revenue Account Total Application of Funds Investments
F-2
101,818
109,340
257,415
244,707
89,871
Current Assets
F-3
4,201
24,438
12,045
28,188
4,791
9,889
Less: Current Liabilities and Provisions
F-4
—
(1,209)
(1)
(3,916)
(1)
(4,319)
4,201
23,229
12,043
24,272
4,790
5,570
Total
106,019
132,569
269,459
268,979
94,661
84,029
Net Asset Value (NAV) per Unit:
14.1087
13.4519
14.1426
13.4742
14.1686
13.5290
Net current assets
(a) Net Asset as per Balance Sheet (Total Assets less Current Liabilities and Provisions) (b) Number of Units outstanding (c) NAV per Unit (a)/(b) (Rs.)
50
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
106,019
132,569
269,459
268,979
94,661
84,029
7,514,415
9,854,996
19,052,975
19,962,616
6,681,018
6,211,076
14.1087
13.4520
14.1426
13.4741
14.1686
13.5289
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25B. Unit Linked Disclosures — Fund Balance Sheet (Contd.)
Form A — BS(UL)
Fund Balance Sheet for the Year Ended 31st March, 2010
Particulars
Schedule
Kotak Group Floating Rate Fund
Kotak Group 36M FMP 02/01/2011
Floating Rate Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
126,225
113,936
77
—
998
—
24,334
30,000
—
—
2
18,040
—
15,586
(3)
—
6,575
3,842
144,342
129,522
995
—
30,911
33,842
Sources of Funds Policyholders’ Funds: Policyholder contribution
F-1
Appr/Ex-Appr Reserve Revenue Account Total Application of Funds Investments
F-2
117,663
107,462
84
—
29,774
32,676
Current Assets
F-3
26,691
23,563
911
—
1,214
1,213
Less: Current Liabilities and Provisions
F-4
(12)
(1,504)
—
—
(77)
(47)
26,679
22,059
911
—
1,137
1,166
Net current assets Total
144,342
129,522
995
—
30,911
33,842
Net Asset Value (NAV) per Unit:
14.4007
13.6648
10.0597
—
12.2201
11.2812
(a) Net Asset as per Balance Sheet (Total Assets less Current Liabilities and Provisions) (b) Number of Units outstanding (c) NAV per Unit (a)/(b) (Rs.)
144,342
129,522
995
—
30,911
33,842
10,023,279
9,478,435
98,939
—
2,529,504
3,000,000
14.4007
13.6649
10.0597
—
12.2201
11.2805
25B. Unit Linked Disclosures — Fund Balance Sheet (Contd.)
Form A–BS(UL)
Fund Balance Sheet for the Year Ended 31st March, 2010
Particulars
Schedule
Kotak Group 12M FMP 28/03/2009
Kotak Group 36M FMP 12/09/2011
Kotak Group 11M FMP 06/10/2009
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
(1,414)
(1,414)
8,349
10,013
(3,042)
30,034
—
—
—
—
—
—
1,414
1,414
2,062
1,130
3,042
1,476
—
—
10,411
11,143
—
31,510 31,151
Sources of Funds Policyholders’ Funds: Policyholder contribution
F-1
Appr/Ex-Appr Reserve Revenue Account Total Application of Funds
Investments
F-2
—
—
10,085
10,696
—
Current Assets
F-3
—
—
468
468
—
419
Less: Current Liabilities and Provisions
F-4
—
—
(142)
(21)
—
(60)
Net current assets
—
—
326
447
—
359
Total
—
—
10,411
11,143
—
31,510
Net Asset Value (NAV) per Unit:
—
—
12.1125
11.1289
—
10.4916
(a) Net Asset as per Balance Sheet (Total Assets less Current Liabilities and Provisions)
—
—
10,411
11,143
—
31,510
(b) Number of Units outstanding
—
—
859,504
1,001,258
—
3,003,368
(c) NAV per Unit (a)/(b) (Rs.)
—
—
12.1125
11.1289
—
10.4916
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
51
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25B. Unit Linked Disclosures — Fund Balance Sheet (Contd.)
Form A — BS(UL)
Fund Balance Sheet for the Year Ended 31st March, 2010
Particulars
Schedule
Kotak Group 60M FMP 27/11/2013
Kotak Group 50M FMP 27/02/2013
Kotak Group 59M FMP 08/12/2013
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
62,164
70,000
6,001
7,210
25,195
28,000
(1)
—
1
—
—
—
Revenue Account
16,256
8,263
1,019
326
4,154
1,351
Total
78,419
78,263
7,021
7,536
29,349
29,351 28,498
Sources of Funds Policyholders’ Funds: Policyholder contribution
F-1
Appr/Ex-Appr Reserve
Application of Funds Investments
F-2
76,385
75,697
6,967
6,857
28,662
Current Assets
F-3
2,692
2,692
58
679
883
883
Less: Current Liabilities and Provisions
F-4
(658)
(126)
(4)
—
(196)
(30)
Net current assets Total Net Asset Value (NAV) per Unit: (a) Net Asset as per Balance Sheet (Total Assets less Current Liabilities and Provisions) (b) Number of Units outstanding (c) NAV per Unit (a)/(b) (Rs.)
2,034
2,566
54
679
687
853
78,419
78,263
7,021
7,536
29,349
29,351
12.3670
11.1803
11.4579
10.4531
11.5178
10.4826
78,419
78,263
7,021
7,536
29,349
29,351
6,341,015
7,000,000
612,733
721,000
2,548,138
2,800,000
12.3670
11.1805
11.4579
10.4524
11.5178
10.4826
25B. Unit Linked Disclosures — Fund Balance Sheet (Contd.)
Form A–BS(UL)
Fund Balance Sheet for the Year Ended 31st March, 2010
Particulars
Schedule
Kotak Dynamic Balanced Fund
Kotak guaranteed Balanced Fund
Kotak Pension Balanced Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
100,509
106,938
1,450,720
1,302,997
5,680,502
4,284,096
442
—
3,229
—
10,720
—
Revenue Account
144,375
78,918
343,488
70,291
277,870
(503,708)
Total
245,326
185,856
1,797,438
1,373,288
5,969,092
3,780,388 3,700,147
Sources of Funds Policyholders’ Funds: Policyholder contribution
F-1
Appr/Ex-Appr Reserve
Application of Funds Investments
F-2
243,290
178,167
1,738,157
1,360,293
5,844,593
Current Assets
F-3
6,414
7,784
59,316
43,135
257,836
193,126
Less: Current Liabilities and Provisions
F-4
(4,378)
(95)
(35)
(30,140)
(133,337)
(112,885)
2,036
7,689
59,281
12,995
124,499
80,241
Total
245,326
185,856
1,797,438
1,373,288
5,969,092
3,780,388
Net Asset Value (NAV) per Unit:
29.2501
21.3360
26.7165
21.6628
27.1755
22.1184
Net current assets
(a) Net Asset as per Balance Sheet (Total Assets less Current Liabilities and Provisions) (b) Number of Units outstanding (c) NAV per Unit (a)/(b) (Rs.)
52
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
245,326
185,856
1,797,438
1,373,288
5,969,092
3,780,388
8,387,178
8,710,896
67,278,205
63,393,811
219,649,742
170,916,027
29.2501
21.3360
26.7165
21.6628
27.1755
22.1184
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25B. Unit Linked Disclosures — Fund Balance Sheet (Contd.)
Form A — BS(UL)
Fund Balance Sheet for the Year Ended 31st March, 2010
Particulars
Schedule
Kotak Group Balanced Fund
Balanced Fund
Current Year
Previous Year
Current Year
1,041,767
559,383
2,223
—
Pension Balanced Fund II
Previous Year
Current Year
1,872
—
2,961
—
4
—
5
—
Previous Year
Sources of Funds Policyholders’ Funds: Policyholder contribution
F-1
Appr/Ex-Appr Reserve Revenue Account Total
195,774
(10,573)
25
—
(13)
—
1,239,764
548,810
1,901
—
2,953
—
Application of Funds Investments
F-2
1,327,811
490,911
1,703
—
1,791
—
Current Assets
F-3
25,146
81,777
247
—
1,245
—
Less: Current Liabilities and Provisions
F-4
(113,193)
(23,878)
(49)
—
(83)
—
(88,047)
57,899
198
—
1,162
—
Net current assets Total Net Asset Value (NAV) per Unit: (a) Net Asset as per Balance Sheet (Total Assets less Current Liabilities and Provisions) (b) Number of Units outstanding (c) NAV per Unit (a)/(b) (Rs.)
1,239,764
548,810
1,901
—
2,953
—
29.0804
21.5209
10.4201
—
10.1953
—
1,239,764
548,810
1,901
—
2,953
—
42,632,312
25,501,164
182,389
—
289,615
—
29.0804
21.5210
10.4201
—
10.1953
—
25B. Unit Linked Disclosures — Fund Balance Sheet (Contd.)
Form A–BS(UL)
Fund Balance Sheet for the Year Ended 31st March, 2010
Particulars
Schedule
Kotak Dynamic Growth Fund
Kotak guaranteed Growth Fund
Kotak Pension Growth Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
573,957
522,604
21,785,176
17,311,734
229,466
76,137
2,039
—
55,394
—
600
—
Revenue Account
276,399
40,325
1,281,831
(2,186,234)
20,333
1,105
Total
852,395
562,929
23,122,401
15,125,500
250,399
77,242
Sources of Funds Policyholders’ Funds: Policyholder contribution
F-1
Appr/Ex-Appr Reserve
Application of Funds Investments
F-2
845,958
543,080
23,020,831
14,451,378
247,812
84,385
Current Assets
F-3
12,850
19,969
806,974
1,016,062
9,203
13,002
Less: Current Liabilities and Provisions
F-4
(6,413)
(120)
(705,404)
(341,940)
(6,616)
(20,146)
6,437
19,849
101,570
674,122
2,587
(7,144)
Total
852,395
562,929
23,122,401
15,125,500
250,399
77,242
Net Asset Value (NAV) per Unit:
33.4432
23.1350
30.5851
24.1730
13.0131
10.2643
Net current assets
(a) Net Asset as per Balance Sheet (Total Assets less Current Liabilities and Provisions) (b) Number of Units outstanding (c) NAV per Unit (a)/(b) (Rs.)
852,395
562,929
23,122,401
15,125,500
250,399
77,242
25,487,857
24,332,333
756,002,147
625,717,674
19,242,033
7,525,366
33.4432
23.1350
30.5851
24.1730
13.0131
10.2642
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
53
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25B. Unit Linked Disclosures — Fund Balance Sheet (Contd.)
Form A — BS(UL)
Fund Balance Sheet for the Year Ended 31st March, 2010
Particulars
Schedule
Kotak Group Growth Fund
Kotak Aggressive Growth Fund
Kotak Group Agressive Growth Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
(173)
5,127
2,915,174
2,201,228
(988)
1,180
—
—
8,655
—
—
—
173
(1,220)
689,795
(548,713)
988
131
—
3,907
3,613,624
1,652,515
—
1,311
Sources of Funds Policyholders’ Funds: Policyholder contribution
F-1
Appr/Ex-Appr Reserve Revenue Account Total Application of Funds Investments
F-2
—
3,862
3,585,975
1,611,684
—
1,294
Current Assets
F-3
—
221
45,178
50,066
—
17
Less: Current Liabilities and Provisions
F-4
—
(176)
(17,529)
(9,235)
—
—
—
45
27,649
40,831
—
17
Net current assets Total
—
3,907
3,613,624
1,652,515
—
1,311
Net Asset Value (NAV) per Unit:
—
8.3521
32.9485
18.8248
—
11.6518
(a) Net Asset as per Balance Sheet (Total Assets less Current Liabilities and Provisions)
—
3,907
3,613,624
1,652,515
—
1,311
(b) Number of Units outstanding
—
467,944
109,674,912
87,783,908
—
112,462
(c) NAV per Unit (a)/(b) (Rs.)
—
8.3499
32.9485
18.8248
—
11.6562
25B. Unit Linked Disclosures — Fund Balance Sheet (Contd.)
Form A–BS(UL)
Fund Balance Sheet for the Year Ended 31st March, 2010
Particulars
Schedule
Kotak Advantage Multiplier Fund
Kotak Advantage Plus Fund
Kotak Advantage Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
56,726
65,864
517,935
918,693
(1,128)
9,659
(165)
—
(1,611)
—
—
—
Revenue Account
11,827
362
152,409
28,785
1,128
702
Total
68,388
66,226
668,733
947,478
—
10,361 11,172
Sources of Funds Policyholders’ Funds: Policyholder contribution
F-1
Appr/Ex-Appr Reserve
Application of Funds Investments
F-2
68,206
69,858
671,777
957,561
—
Current Assets
F-3
1,155
5,041
10,625
54,608
—
854
Less: Current Liabilities and Provisions
F-4
(973)
(8,673)
(13,669)
(64,691)
—
(1,665)
Net current assets Total Net Asset Value (NAV) per Unit: (a) Net Asset as per Balance Sheet (Total Assets less Current Liabilities and Provisions) (b) Number of Units outstanding (c) NAV per Unit (a)/(b) (Rs.)
54
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
182
(3,632)
(3,044)
(10,083)
—
(811)
68,388
66,226
668,733
947,478
—
10,361
12.9200
10.8742
12.8918
10.9670
—
11.3861
68,388
66,226
668,733
947,478
—
10,361
5,293,180
6,090,125
51,872,710
86,393,485
—
909,907
12.9200
10.8743
12.8918
10.9670
—
11.3872
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25B. Unit Linked Disclosures — Fund Balance Sheet (Contd.)
Form A — BS(UL)
Fund Balance Sheet for the Year Ended 31st March, 2010
Particulars
Schedule
Kotak Advantage Multiplier Fund II
Kotak Advantage Plus Fund II
Frontline Equity Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
37,690
49,652
406,080
654,047
163,691
—
(112)
—
1,257
—
402
—
Previous Year
Sources of Funds Policyholders’ Funds: Policyholder contribution
F-1
Appr/Ex-Appr Reserve Revenue Account Total
8,783
80
116,752
15,258
3,210
—
46,361
49,732
524,089
669,305
167,303
—
Application of Funds Investments
F-2
46,726
49,914
521,075
672,376
161,759
—
Current Assets
F-3
703
5,416
10,846
39,993
17,964
—
Less: Current Liabilities and Provisions
F-4
(1,068)
(5,598)
(7,832)
(43,064)
(12,420)
—
(365)
(182)
3,014
(3,071)
5,544
—
Net current assets Total Net Asset Value (NAV) per Unit: (a) Net Asset as per Balance Sheet (Total Assets less Current Liabilities and Provisions) (b) Number of Units outstanding (c) NAV per Unit (a)/(b) (Rs.)
46,361
49,732
524,089
669,305
167,303
—
12.9155
10.8734
12.9798
11.0327
10.1314
—
46,361
49,732
524,089
669,305
167,303
—
3,589,560
4,573,648
40,377,287
60,665,563
16,513,301
—
12.9155
10.8736
12.9798
11.0327
10.1314
—
25B. Unit Linked Disclosures — Fund Balance Sheet (Contd.)
Form A–BS(UL)
Fund Balance Sheet for the Year Ended 31st March, 2010
Particulars
Schedule
Pension Frontline Equity Fund Current Year
Kotak Opportunities Fund
Kotak Pension Opportunities Fund
Previous Year
Current Year
Previous Year
Current Year
19,997
—
3,047,534
490,523
43,582
—
48
—
9,063
—
(109)
—
Previous Year
Sources of Funds Policyholders’ Funds: Policyholder contribution
F-1
Appr/Ex-Appr Reserve Revenue Account Total
207
—
725,846
8,953
1,461
—
20,252
—
3,782,443
499,476
44,934
—
Application of Funds Investments
F-2
12,862
—
3,730,370
541,722
45,857
—
Current Assets
F-3
9,341
—
118,385
71,278
79
—
Less: Current Liabilities and Provisions
F-4
(1,951)
—
(66,312)
(113,524)
(1,002)
—
7,390
—
52,073
(42,246)
(923)
—
20,252
—
3,782,443
499,476
44,934
—
10.7640
—
19.2146
9.9325
10.9569
—
Net current assets Total Net Asset Value (NAV) per Unit: (a) Net Asset as per Balance Sheet (Total Assets less Current Liabilities and Provisions) (b) Number of Units outstanding (c) NAV per Unit (a)/(b) (Rs.)
20,252
—
3,782,443
499,476
44,934
—
1,881,436
—
196,852,528
50,287,079
4,101,007
—
10.7640
—
19.2146
9.9325
10.9569
—
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
55
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25B. Unit Linked Disclosures — Fund Balance Sheet (Contd.)
Form A — BS(UL)
Fund Balance Sheet for the Year Ended 31st March, 2010
Particulars
Schedule
Classic Opportunities Fund Current Year
Pension Classic Opportunities Fund
Previous Year
Current Year
646,446
—
1,585
—
12,361 660,392
Dynamic Floor Fund
Previous Year
Current Year
Previous Year
67,575
—
3,729,766
1,483,652
164
—
7,241
—
—
775
—
298,135
30,902
—
68,514
—
4,035,142
1,514,554 1,459,228
Sources of Funds Policyholders’ Funds: Policyholder contribution
F-1
Appr/Ex-Appr Reserve Revenue Account Total Application of Funds Investments
F-2
522,366
—
38,554
—
3,978,895
Current Assets
F-3
169,792
—
32,732
—
174,855
167,948
Less: Current Liabilities and Provisions
F-4
(31,766)
—
(2,772)
—
(118,608)
(112,622)
Net current assets
138,026
—
29,960
—
56,247
55,326
Total
660,392
—
68,514
—
4,035,142
1,514,554
Net Asset Value (NAV) per Unit:
10.4366
—
10.7056
—
16.0702
13.1120
(a) Net Asset as per Balance Sheet (Total Assets less Current Liabilities and Provisions) (b) Number of Units outstanding (c) NAV per Unit (a)/(b) (Rs.)
660,392
—
68,514
—
4,035,142
1,514,554
63,276,554
—
6,399,797
—
251,094,688
115,508,966
10.4366
—
10.7056
—
16.0702
13.1120
25B. Unit Linked Disclosures — Fund Balance Sheet (Contd.)
Form A–BS(UL)
Fund Balance Sheet for the Year Ended 31st March, 2010
Particulars
Schedule
Kotak Group Dynamic Floor Fund Current Year
Kotak Pension Floor Fund
Previous Year
Current Year
190,570
—
343
—
Dynamic Floor Fund II Previous Year
Current Year
544,145
—
1,498,347
—
984
—
2,719
—
Previous Year
Sources of Funds Policyholders’ Funds: Policyholder contribution
F-1
Appr/Ex-Appr Reserve Revenue Account Total
(100)
—
2,376
—
15,172
—
190,813
—
547,505
—
1,516,238
—
Application of Funds Investments
F-2
202,164
—
549,551
—
1,212,546
—
Current Assets
F-3
6,992
—
7,683
—
351,257
—
Less: Current Liabilities and Provisions
F-4
Net current assets
—
(9,729)
—
(47,565)
—
—
(2,046)
—
303,692
—
Total
190,813
—
547,505
—
1,516,238
—
Net Asset Value (NAV) per Unit:
16.1443
—
10.5821
—
10.1549
—
(a) Net Asset as per Balance Sheet (Total Assets less Current Liabilities and Provisions) (b) Number of Units outstanding (c) NAV per Unit (a)/(b) (Rs.)
56
(18,343) (11,351)
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
190,813
—
547,505
—
1,516,238
—
11,819,215
—
51,738,748
—
149,310,996
—
16.1443
—
10.5821
—
10.1549
—
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25B. Unit Linked Disclosures — Fund Balance Sheet (Contd.)
Form A — BS(UL)
Fund Balance Sheet for the Year Ended 31st March, 2010
Particulars
Schedule
Pension Floor Fund II Current Year
Guarantee Fund Previous Year
Current Year
343,933
—
619
—
Pension Guarantee Fund
Previous Year
Current Year
163,658
—
344,305
—
296
—
623
—
Previous Year
Sources of Funds Policyholders’ Funds: Policyholder contribution
F-1
Appr/Ex-Appr Reserve Revenue Account Total
382
—
1,505
—
1,206
—
344,934
—
165,459
—
346,134
—
Application of Funds Investments
F-2
234,752
—
140,118
—
251,880
—
Current Assets
F-3
123,431
—
27,594
—
102,560
—
Less: Current Liabilities and Provisions
F-4
(13,249)
—
(2,253)
—
(8,306)
—
110,182
—
25,341
—
94,254
—
Net current assets Total
344,934
—
165,459
—
346,134
—
Net Asset Value (NAV) per Unit:
10.0298
—
10.5435
—
10.0920
—
(a) Net Asset as per Balance Sheet (Total Assets less Current Liabilities and Provisions) (b) Number of Units outstanding (c) NAV per Unit (a)/(b) (Rs.)
344,934
—
165,459
—
346,134
—
34,390,874
—
15,693,030
—
34,297,813
—
10.0298
—
10.5435
—
10.0920
—
Current Year
Previous Year
Current Year
Previous Year
164,263
—
49,169,037
32,890,949
295
—
108,785
—
(410)
—
5,180,665
(2,582,990)
164,148
—
54,458,487
30,307,959 29,173,613
25B. Unit Linked Disclosures — Fund Balance Sheet (Contd.)
Form A–BS(UL)
Fund Balance Sheet for the Year Ended 31st March, 2010
Particulars
Schedule
Peak Guarantee Fund I
Total
Sources of Funds Policyholders’ Funds: Policyholder contribution
F-1
Appr/Ex-Appr Reserve Revenue Account Total Application of Funds Investments
F-2
73,980
—
53,032,627
Current Assets
F-3
95,454
—
2,785,727
2,157,923
Less: Current Liabilities and Provisions
F-4
(5,286)
—
(1,359,863)
(1,023,576)
90,168
—
1,425,859
1,134,346
Total
164,148
—
54,458,487
30,307,959
Net Asset Value (NAV) per Unit:
10.3534
—
Net current assets
(a) Net Asset as per Balance Sheet (Total Assets less Current Liabilities and Provisions) (b) Number of Units outstanding (c) NAV per Unit (a)/(b) (Rs.)
164,148
—
54,458,487
30,307,959
15,854,484
—
—
—
10.3534
—
—
—
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
57
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25C. Unit Linked Disclosures — Fund Revenue Account Form A — RA(UL) Fund Revenue Account for the year ended 31st March, 2010 Particulars
Interest income Dividend income Profit on sale of investment Profit on inter fund transfer / sale of investment Loss on sale of investment Loss on inter fund transfer / sale of investment Miscellaneous Income Unrealised Gain/Loss Total (A) Fund administration expenses Fund management expenses Other charges : Total (B) Net Income for the year (A–B) Add: Fund revenue account at the beginning of the year Fund revenue account at the end of the year
Schedule
F-5
Kotak Guaranteed Money Market Fund Current Previous Year Year 207 253 — — 11 21
Kotak Group Money Market Fund Current Previous Year Year 5 6 — — — 1
Money Market Fund Current Year 13 — 3
Previous Year — — —
Pension Money Market Fund II Current Previous Year Year 86 — — — 7 —
— (3)
— —
— —
— —
— —
— —
2 (1)
— —
(2) — — 213 — 15 19 34 179
— — — 274 — 14 34 48 226
— — — 5 — 1 — 1 4
— — — 7 — 0 — 0 7
— — — 16 — 4 24 28 (12)
— — — — — — — — —
(3) — — 91 — 22 118 140 (49)
— — — — — — — — —
1,276
1,050
41
34
—
—
—
—
1,455
1,276
45
41
(12)
—
(49)
—
25C. Unit Linked Disclosures — Fund Revenue Account (Contd.) Form A — RA(UL) Fund Revenue Account for the year ended 31st March, 2010 Particulars
Interest income Dividend income Profit on sale of investment Profit on inter fund transfer / sale of investment Loss on sale of investment Loss on inter fund transfer / sale of investment Miscellaneous Income Unrealised Gain/Loss Total (A) Fund administration expenses Fund management expenses Other charges : Total (B) Net Income for the year (A–B) Add: Fund revenue account at the beginning of the year Fund revenue account at the end of the year
58
Schedule
F-5
Kotak Dynamic Gilt Fund Current Previous Year Year 10,307 9,897 — — 4,835 15,975
Kotak guaranteed Gilt Fund Current Previous Year Year 26,642 18,688 — — 10,048 30,037
Kotak Pension Gilt Fund Current Previous Year Year 14,297 3,858 — — 5,999 4,199
Kotak Group Gilt Fund Current Previous Year Year 5,280 3,113 — — 2,650 4,825
120 (6,256)
1,512 (8,609)
23 (12,847)
2,496 (18,902)
30 (6,615)
138 (5,035)
128 (3,319)
581 (2,733)
(72) — 1,680 10,614 — 1,623 2,199 3,822 6,792
(1,292) — (1,198) 16,285 — 1,446 1,819 3,265 13,020
(631) — 1,555 24,790 — 4,213 8,400 12,613 12,177
(1,604) — (2,034) 28,681 — 2,744 5,176 7,920 20,761
(71) — 810 14,450 — 2,287 7,380 9,667 4,783
(88) — (2,391) 681 — 588 2,389 2,977 (2,296)
(90) — 675 5,324 — 669 669 1,338 3,986
(216) — (913) 4,657 — 365 330 695 3,962
66,324
53,304
42,386
21,625
(1,788)
508
5,247
1,285
73,116
66,324
54,563
42,386
2,995
(1,788)
9,234
5,247
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25C. Unit Linked Disclosures — Fund Revenue Account (Contd.) Form A — RA(UL) Fund Revenue Account for the year ended 31st March, 2010 Particulars
Interest income Dividend income Profit on sale of investment Profit on inter fund transfer / sale of investment Loss on sale of investment Loss on inter fund transfer / sale of investment Miscellaneous Income Unrealised Gain/Loss Total (A) Fund administration expenses Fund management expenses Other charges : Total (B) Net Income for the year (A–B) Add: Fund revenue account at the beginning of the year Fund revenue account at the end of the year
Schedule
F-5
Gilt Fund
Kotak Dynamic Bond Fund Current Previous Year Year 15,847 8,305 — — 8,009 5,380
Kotak guaranteed Bond Fund Current Previous Year Year 22,291 12,869 — — 11,379 8,551
Kotak Pension Bond Fund Current Previous Year Year 27,792 3,411 — — 10,021 1,918
Current Year 4 — —
Previous Year — — —
— —
— —
947 (3,326)
1,019 (2,541)
2,249 (4,122)
1,231 (4,007)
1,719 (3,034)
264 (853)
— — — 4 — 1 3 4 (0)
— — — — — — — — —
(327) — (162) 20,988 — 2,732 4,295 7,027 13,961
(654) — 2,002 13,511 — 1,259 2,030 3,289 10,222
(103) — (1,598) 30,096 — 3,899 7,902 11,801 18,295
(1,209) — 3,377 20,812 — 1,961 3,935 5,896 14,916
(275) — (90) 36,133 — 4,614 11,641 16,255 19,878
(57) — 1,294 5,977 — 539 2,207 2,746 3,231
—
—
50,559
40,337
36,367
21,451
3,551
320
(0)
—
64,520
50,559
54,662
36,367
23,429
3,551
25C. Unit Linked Disclosures — Fund Revenue Account (Contd.) Form A — RA(UL) Fund Revenue Account for the year ended 31st March, 2010 Particulars
Interest income Dividend income Profit on sale of investment Profit on inter fund transfer / sale of investment Loss on sale of investment Loss on inter fund transfer / sale of investment Miscellaneous Income Unrealised Gain/Loss Total (A) Fund administration expenses Fund management expenses Other charges : Total (B) Net Income for the year (A–B) Add: Fund revenue account at the beginning of the year Fund revenue account at the end of the year
Schedule
F-5
Kotak Group Bond Fund Current Previous Year Year 72,773 32,877 — — 47,058 23,780
Bond Fund Current Year 228 — 44
Previous Year — — —
Pension Bond Fund II Current Previous Year Year 20 — — — 5 —
Kotak Dynamic Floating Rate Fund Current Previous Year Year 7,519 6,685 — — 355 2,771
8,074 (15,915)
3,543 (9,917)
3 (5)
— —
— (2)
— —
— (1,030)
180 (133)
(378) — (3,733) 107,879 — 8,174 6,696 14,870 93,009
(2,254) — 8,625 56,654 — 3,331 953 4,284 52,370
(8) — 102 364 — 49 211 260 104
— — — — — — — — —
(1) — 5 27 — 4 50 54 (27)
— — — — — — — — —
(238) — 412 7,018 — 1,528 1,446 2,974 4,044
(259) — (840) 8,404 — 1,127 1,102 2,229 6,175
67,757
15,387
—
—
—
—
40,597
34,422
160,766
67,757
104
—
(27)
—
44,641
40,597
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
59
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25C. Unit Linked Disclosures — Fund Revenue Account (Contd.) Form A — RA(UL) Fund Revenue Account for the year ended 31st March, 2010 Particulars
Interest income Dividend income Profit on sale of investment Profit on inter fund transfer / sale of investment Loss on sale of investment Loss on inter fund transfer / sale of investment Miscellaneous Income Unrealised Gain/Loss Total (A) Fund administration expenses Fund management expenses Other charges : Total (B) Net Income for the year (A–B) Add: Fund revenue account at the beginning of the year Fund revenue account at the end of the year
Schedule
F-5
Kotak guaranteed Floating Rate Fund Current Previous Year Year 17,917 21,191 — — 948 7,889
Kotak Pension Floating Rate Fund Current Previous Year Year 5,906 1,495 — — 286 579
Kotak Group Floating Rate Fund Current Previous Year Year 8,423 7,657 — — 384 2,884
Floating Rate Fund Current Year — — —
Previous Year — — —
— (2,720)
1,116 (409)
— (641)
25 (25)
— (1,144)
221 (169)
— —
— —
(590) — 1,186 16,741 — 3,651 6,031 9,682 7,059
(1,029) — (2,518) 26,240 — 3,573 7,653 11,226 15,014
(162) — (30) 5,359 — 1,229 2,528 3,757 1,602
(46) — (226) 1,802 — 259 919 1,178 624
(331) — 470 7,802 — 1,148 4,200 5,348 2,454
(304) — (948) 9,341 — 862 446 1,308 8,033
— — — — — — 3 3 (3)
— — — — — — — — —
44,966
29,952
991
367
15,586
7,553
—
—
52,025
44,966
2,593
991
18,040
15,586
(3)
—
25C. Unit Linked Disclosures — Fund Revenue Account (Contd.) Form A — RA(UL) Fund Revenue Account for the year ended 31st March, 2010 Particulars
Interest income Dividend income Profit on sale of investment Profit on inter fund transfer / sale of investment Loss on sale of investment Loss on inter fund transfer / sale of investment Miscellaneous Income Unrealised Gain/Loss Total (A) Fund administration expenses Fund management expenses Other charges : Total (B) Net Income for the year (A–B) Add: Fund revenue account at the beginning of the year Fund revenue account at the end of the year
60
Schedule
F-5
Kotak Group 36M FMP 02/01/2011 Current Previous Year Year 2,914 2,900 — — 53 7
Kotak Group 12M FMP 28/03/2009 Current Previous Year Year — 1,460 — — — —
Kotak Group 36M FMP 12/09/2011 Current Previous Year Year 894 491 — — 7 2
Kotak Group 11M FMP 06/10/2009 Current Previous Year Year 1,724 1,315 — — — —
— (1)
— —
— —
32 —
— —
1 —
226 —
— —
— — (47) 2,919 — 186 — 186 2,733
(1) — 768 3,674 — 174 — 174 3,500
— — — — — — — — —
— — — 1,492 — 93 — 93 1,399
— — 116 1,017 — 85 — 85 932
— — 680 1,174 — 44 — 44 1,130
— — (255) 1,695 — 129 — 129 1,566
— — 255 1,570 — 94 — 94 1,476
3,842
342
—
15
1,130
—
1,476
—
6,575
3,842
—
1,414
2,062
1,130
3,042
1,476
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25C. Unit Linked Disclosures — Fund Revenue Account (Contd.) Form A — RA(UL) Fund Revenue Account for the year ended 31st March, 2010 Particulars
Interest income Dividend income Profit on sale of investment Profit on inter fund transfer / sale of investment Loss on sale of investment Loss on inter fund transfer / sale of investment Miscellaneous Income Unrealised Gain/Loss Total (A) Fund administration expenses Fund management expenses Other charges : Total (B) Net Income for the year (A–B) Add: Fund revenue account at the beginning of the year Fund revenue account at the end of the year
Schedule
F-5
Kotak Group 60M FMP 27/11/2013 Current Previous Year Year 7,836 2,534 — — — —
Kotak Group 50M FMP 27/02/2013 Current Previous Year Year 632 135 — — — —
Kotak Group 59M FMP 08/12/2013 Current Previous Year Year 2,805 522 — — — —
Kotak Dynamic Balanced Fund Current Previous Year Year 9,311 8,519 1,234 1,358 29,054 7,337
— —
3 —
— —
— —
— —
— —
1,530 (5,592)
498 (45,504)
— — 688 8,524 — 531 — 531 7,993
— — 5,892 8,429 — 166 — 166 8,263
— — 110 742 — 49 — 49 693
— — 202 337 — 11 — 11 326
— — 163 2,968 — 165 — 165 2,803
— — 859 1,381 — 30 — 30 1,351
(29) — 36,535 72,043 — 3,348 3,238 6,586 65,457
(370) — (11,007) (39,169) — 2,855 3,019 5,874 (45,043)
8,263
—
326
—
1,351
—
78,918
123,961
16,256
8,263
1,019
326
4,154
1,351
144,375
78,918
25C. Unit Linked Disclosures — Fund Revenue Account (Contd.) Form A — RA(UL) Fund Revenue Account for the year ended 31st March, 2010 Particulars
Interest income Dividend income Profit on sale of investment Profit on inter fund transfer / sale of investment Loss on sale of investment Loss on inter fund transfer / sale of investment Miscellaneous Income Unrealised Gain/Loss Total (A) Fund administration expenses Fund management expenses Other charges : Total (B) Net Income for the year (A–B) Add: Fund revenue account at the beginning of the year Fund revenue account at the end of the year
Schedule
F-5
Kotak guaranteed Balanced Fund Current Previous Year Year 89,671 65,944 6,023 7,045 110,255 54,529
Kotak Pension Balanced Fund Current Previous Year Year 272,034 145,050 17,572 13,901 273,896 98,686
Kotak Group Balanced Fund Current Previous Year Year 31,032 23,827 3,798 3,956 79,282 18,953
1,242 (31,078)
1,407 (252,639)
600 (79,664)
566 (507,281)
916 (18,531)
(2) — 174,492 350,603 — 23,821 53,585 77,406 273,197
(3,215) — (35,621) (162,550) — 18,715 27,190 45,905 (208,455)
(103) — 511,091 995,426 — 71,295 142,553 213,848 781,578
(5,612) — (49,844) (304,534) — 40,234 124,391 164,625 (469,159)
70,291
278,746
(503,708)
343,488
70,291
277,870
Balanced Fund Current Year 10 — —
Previous Year — — —
230 (130,208)
1 (1)
— —
(106) — 120,022 216,413 — 8,770 1,296 10,066 206,347
(4,791) — (25,640) (113,673) — 6,212 904 7,116 (120,789)
(1) — 55 64 — 4 35 39 25
— — — — — — — — —
(34,549)
(10,573)
110,216
—
—
(503,708)
195,774
(10,573)
25
—
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
61
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25C. Unit Linked Disclosures — Fund Revenue Account (Contd.) Form A — RA(UL) Fund Revenue Account for the year ended 31st March, 2010 Particulars
Interest income Dividend income Profit on sale of investment Profit on inter fund transfer / sale of investment Loss on sale of investment Loss on inter fund transfer / sale of investment Miscellaneous Income Unrealised Gain/Loss Total (A) Fund administration expenses Fund management expenses Other charges : Total (B) Net Income for the year (A–B) Add: Fund revenue account at the beginning of the year Fund revenue account at the end of the year
Schedule
F-5
Pension Balanced Fund II Current Previous Year Year 3 — — — 1 —
Kotak Dynamic Growth Fund Current Previous Year Year 21,772 16,091 4,943 5,451 106,417 26,637
Kotak guaranteed Growth Fund Current Previous Year Year 981,039 526,271 89,044 93,135 1,228,399 463,092
Kotak Pension Growth Fund Current Previous Year Year 7,270 219 587 7 7,688 69
1 —
— —
2,051 (20,208)
541 (169,726)
22,289 (395,106)
21,433 (3,271,944)
45 (1,090)
— (214)
— — 1 6 — 1 18 19 (13)
— — — — — — — — —
(123) — 152,038 266,890 — 12,655 18,161 30,816 236,074
(7,780) — (48,035) (176,821) — 9,872 15,284 25,156 (201,977)
(11,779) — 2,659,788 4,573,674 — 331,684 773,925 1,105,609 3,468,065
(62,325) — (515,413) (2,745,751) — 220,867 650,460 871,327 (3,617,078)
— — 13,947 28,447 — 2,496 6,723 9,219 19,228
(7) — 1,538 1,612 — 98 409 507 1,105
—
—
40,325
242,302
(2,186,234)
1,430,844
1,105
—
(13)
—
276,399
40,325
1,281,831
(2,186,234)
20,333
1,105
25C. Unit Linked Disclosures — Fund Revenue Account (Contd.) Form A — RA(UL) Fund Revenue Account for the year ended 31st March, 2010 Particulars
Interest income Dividend income Profit on sale of investment Profit on inter fund transfer / sale of investment Loss on sale of investment Loss on inter fund transfer / sale of investment Miscellaneous Income Unrealised Gain/Loss Total (A) Fund administration expenses Fund management expenses Other charges : Total (B) Net Income for the year (A–B) Add: Fund revenue account at the beginning of the year Fund revenue account at the end of the year
62
Schedule
F-5
Kotak Group Growth Fund Current Previous Year Year 114 72 27 19 604 89
Kotak Aggressive Growth Fund Current Previous Year Year 10,258 17,883 29,411 15,965 571,087 28,857
Kotak Group Aggressive Growth Fund Current Previous Year Year 11 59 20 1 417 55
Kotak Advantage Multiplier Fund Current Previous Year Year 3,307 4,857 313 207 7,419 4,208
620 (90)
2 (614)
12,373 (64,394)
137 (460,887)
532 (24)
32 (82)
522 (1,499)
351 (8,816)
(60) — 230 1,445 — 47 5 52 1,393
(529) — 246 (715) — 32 — 32 (747)
(3,136) — 824,245 1,379,844 — 51,096 90,240 141,336 1,238,508
(2,288) (150,398) (550,731) — 25,399 75,383 100,782 (651,513)
(18) — (59) 879 — 22 — 22 857
(1) — 61 125 — 13 — 13 112
(273) — 4,313 14,102 — 2,248 389 2,637 11,465
(331) — 148 624 — 2,328 368 2,696 (2,072)
(1,220)
(473)
(548,713)
102,800
131
19
362
2,434
173
(1,220)
689,795
(548,713)
988
131
11,827
362
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25C. Unit Linked Disclosures — Fund Revenue Account (Contd.) Form A — RA(UL) Fund Revenue Account for the year ended 31st March, 2010 Particulars
Interest income Dividend income Profit on sale of investment Profit on inter fund transfer / sale of investment Loss on sale of investment Loss on inter fund transfer / sale of investment Miscellaneous Income Unrealised Gain/Loss Total (A) Fund administration expenses Fund management expenses Other charges : Total (B) Net Income for the year (A–B) Add: Fund revenue account at the beginning of the year Fund revenue account at the end of the year
Schedule
F-5
Kotak Advantage Plus Fund Current Previous Year Year 37,889 81,494 3,213 2,950 82,716 74,499
Kotak Advantage Fund Current Previous Year Year 189 720 13 21 349 628
Kotak Advantage Multiplier Fund II Current Previous Year Year 2,473 3,152 245 130 5,877 2,564
Kotak Advantage Plus Fund II Current Previous Year Year 33,023 44,054 2,964 1,551 75,678 40,764
11,623 (16,032)
8,907 (135,668)
401 (87)
82 (922)
402 (1,139)
377 (5,431)
6,451 (13,273)
4,199 (73,867)
(1,901) — 40,147 157,655 — 24,828 9,203 34,031 123,624
(7,305) — 3,900 28,777 — 38,099 8,146 46,245 (17,468)
(53) — (64) 748 — 111 211 322 426
(66) — (66) 397 — 324 71 395 2
(233) — 3,106 10,731 — 1,700 328 2,028 8,702
(210) — 17 599 — 1,503 201 1,704 (1,105)
(5,492) — 30,495 129,846 — 21,713 6,639 28,352 101,494
(3,667) — 6,202 19,236 — 20,540 1,693 22,233 (2,997)
28,785
46,253
702
700
80
1,185
15,258
18,255
152,409
28,785
1,128
702
8,783
80
116,752
15,258
25C. Unit Linked Disclosures — Fund Revenue Account (Contd.) Form A — RA(UL) Fund Revenue Account for the year ended 31st March, 2010 Particulars
Interest income Dividend income Profit on sale of investment Profit on inter fund transfer / sale of investment Loss on sale of investment Loss on inter fund transfer / sale of investment Miscellaneous Income Unrealised Gain/Loss Total (A) Fund administration expenses Fund management expenses Other charges : Total (B) Net Income for the year (A–B) Add: Fund revenue account at the beginning of the year Fund revenue account at the end of the year
Schedule
F-5
Frontline Equity Fund Current Previous Year Year 94 — 25 — 105 —
Pension Frontline Equity Fund Current Previous Year Year 12 — 1 — 8 —
Kotak Opportunities Fund Current Previous Year Year 8,849 905 15,199 103 377,521 170
Kotak Pension Opportunities Fund Current Previous Year Year 275 — 37 — 543 —
3 (62)
— —
— (4)
— —
43,372 (34,047)
— (717)
338 (325)
— —
(10) — 3,792 3,947 — 168 569 737 3,210
— — — — — — — — —
(3) — 342 356 — 12 137 149 207
— — — — — — — — —
(727) — 482,264 892,431 — 43,550 131,988 175,538 716,893
(19) — 14,719 15,161 — 773 5,435 6,208 8,953
(212) — 1,864 2,520 — 382 677 1,059 1,461
— — — — — — — — —
—
—
—
—
8,953
—
—
—
3,210
—
207
—
725,846
8,953
1,461
—
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
63
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25C. Unit Linked Disclosures — Fund Revenue Account (Contd.) Form A — RA(UL) Fund Revenue Account for the year ended 31st March, 2010 Particulars
Interest income Dividend income Profit on sale of investment Profit on inter fund transfer / sale of investment Loss on sale of investment Loss on inter fund transfer / sale of investment Miscellaneous Income Unrealised Gain/Loss Total (A) Fund administration expenses Fund management expenses Other charges : Total (B) Net Income for the year (A–B) Add: Fund revenue account at the beginning of the year Fund revenue account at the end of the year
Schedule
F-5
Classic Opportunities Fund Current Previous Year Year 376 — 45 — 912 —
Pension Classic Opportunities Fund Current Previous Year Year 39 — 1 — 63 —
Dynamic Floor Fund Current Previous Year Year 102,773 54,239 11,574 421 281,532 37,241
Kotak Group Dynamic Floor Fund Current Previous Year Year 1,135 — 74 — 67 —
71 (201)
— —
2 (10)
— —
8,085 (63,995)
726 (28,802)
— (734)
— —
(40) — 16,084 17,247 — 691 4,195 4,886 12,361
— — — — — — — — —
(27) — 1,223 1,291 — 46 470 516 775
— — — — — — — — —
(1,607) — 111,441 449,803 — 49,762 132,808 182,570 267,233
(3,859) — 10,825 70,791 — 12,942 30,684 43,626 27,165
— — 611 1,153 — 423 830 1,253 (100)
— — — — — — — — —
—
—
—
—
30,902
3,737
—
—
12,361
—
775
—
298,135
30,902
(100)
—
25C. Unit Linked Disclosures — Fund Revenue Account (Contd.) Form A — RA(UL) Fund Revenue Account for the year ended 31st March, 2010 Particulars
Interest income Dividend income Profit on sale of investment Profit on inter fund transfer / sale of investment Loss on sale of investment Loss on inter fund transfer / sale of investment Miscellaneous Income Unrealised Gain/Loss Total (A) Fund administration expenses Fund management expenses Other charges : Total (B) Net Income for the year (A–B) Add: Fund revenue account at the beginning of the year Fund revenue account at the end of the year
64
Schedule
F-5
Kotak Pension Floor Fund Current Previous Year Year 7,787 — 939 — 6,237 —
Dynamic Floor Fund II Current Previous Year Year 3,883 — 296 — 437 —
Pension Floor Fund II Current Previous Year Year 622 — 45 — 116 —
Guarantee Fund Current Year 202 24 67
Previous Year — — —
1,969 (6,404)
— —
— (988)
— —
— (27)
— —
721 —
— —
(1,399) — 5,265 14,394 — 4,345 7,673 12,018 2,376
— — — — — — — — —
— — 20,405 24,033 — 1,635 7,226 8,861 15,172
— — — — — — — — —
— — 2,523 3,279 — 259 2,638 2,897 382
— — — — — — — — —
(42) — 1,220 2,192 — 103 584 687 1,505
— — — — — — — — —
—
—
—
—
—
—
—
—
2,376
—
15,172
—
382
—
1,505
—
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25C. Unit Linked Disclosures — Fund Revenue Account (Contd.) Form A — RA(UL) Fund Revenue Account for the year ended 31st March, 2010 Particulars
Interest income Dividend income Profit on sale of investment Profit on inter fund transfer / sale of investment Loss on sale of investment Loss on inter fund transfer / sale of investment Miscellaneous Income Unrealised Gain/Loss Total (A) Fund administration expenses Fund management expenses Other charges : Total (B) Net Income for the year (A–B) Add: Fund revenue account at the beginning of the year Fund revenue account at the end of the year
Schedule
F-5
Pension Guarantee Fund Current Previous Year Year 882 — 64 — 75 —
Peak Guarantee Fund I Current Previous Year Year 56 — 5 — 13 —
Total Current Year 1,878,761 187,735 3,348,935
Previous Year 1,133,018 146,222 967,196
— (284)
— —
4 —
— —
129,682 (815,868)
51,848 (5,146,654)
— — 2,641 3,378 — 374 1,798 2,172 1,206
— — — — — — — — —
— — 188 266 — 38 638 676 (410)
— — — — — — — — —
(30,659) — 5,222,304 9,920,890 — 694,636 1,462,599 2,157,235 7,763,655
(111,390) — (785,482) (3,745,241) — 419,489 972,630 1,392,119 (5,137,361)
—
—
—
—
(2,582,990)
2,554,371
1,206
—
(410)
—
5,180,665
(2,582,990)
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
65
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures – Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Balance Sheet Schedule: F – 1
POLICYHOLDERS’ CONTRIBUTION Particulars
Kotak Guaranteed Money Market Fund
Kotak Group Money Market Fund
Current Year
Previous Year
Current Year
Previous Year
932
1,383
14
—
—
—
Less: Deductions during the year*
116
451
Closing balance
816
932
Opening balance Add: Additions during the year*
Particulars
Kotak Dynamic Gilt Fund
Current Year
Previous Year
14
—
—
8,637
—
—
14
14
Kotak guaranteed Gilt Fund
Previous Year
—
—
—
—
20,731
—
531
—
573
—
8,106
—
20,158
—
Kotak Pension Gilt Fund
Previous Year
Current Year
Previous Year
Current Year
Opening balance
86,068
73,215
319,349
179,097
Add: Additions during the year*
37,295
62,292
120,224
211,981
Less: Deductions during the year*
50,539
49,439
132,363
Closing balance
72,824
86,068
307,210
Opening balance Add: Additions during the year* Less: Deductions during the year* Closing balance Particulars
Current Year
Previous Year
Current Year
Current Year
Previous Year
224,462
14,327
61,772
33,163
52,453
236,616
34,141
35,079
71,729
70,737
26,481
19,382
6,470
319,349
206,178
224,462
76,531
61,772
Kotak guaranteed Bond Fund
Kotak Pension Bond Fund
Previous Year
Current Year
Previous Year
Current Year
Previous Year
—
—
142,133
66,072
218,227
105,174
327,612
9,762
782
—
192,563
124,813
241,251
252,937
158,278
334,117
4
—
162,356
48,752
187,499
139,884
139,713
16,267
778
—
172,340
142,133
271,979
218,227
346,177
327,612
Kotak Group Bond Fund
Pension Bond Fund II
Bond Fund
Previous Year
Opening balance
780,062
Add: Additions during the year*
732,797
Less: Deductions during the year*
Particulars
Kotak Group Gilt Fund
Previous Year
Kotak Dynamic Bond Fund
Gilt Fund
Current Year
Closing balance
Current Year
Previous Year
304,157
—
544,286
77,872
294,512
68,381
1,218,347
780,062
Kotak guaranteed Floating Rate Fund
Kotak Dynamic Floating Rate Fund
Current Year
Previous Year
Current Year
Previous Year
—
—
—
91,972
43,466
—
7,579
—
41,788
64,585
2,351
—
1,010
—
72,440
16,079
75,521
—
6,569
—
61,320
91,972
Kotak Pension Floating Rate Fund
Current Year
Previous Year
Current Year
Kotak Group Floating Rate Fund
Previous Year
Current Year
Previous Year
Floating Rate Fund Current Year
Previous Year
224,013
370,722
83,038
8,287
113,936
79,205
—
—
Add: Additions during the year*
73,544
100,270
44,524
91,076
84,834
88,526
1,033
—
Less: Deductions during the year*
80,273
246,979
35,547
16,325
72,545
53,795
35
—
217,284
224,013
92,015
83,038
126,225
113,936
998
—
Opening balance
Closing balance
* Additions represents units creation and deductions represents units cancellation
66
Current Year
Current Year
Particulars
Pension Money Market Fund II
Money Market Fund
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures – Schedules to Fund Revenue & Fund Balance Sheet (Contd.) Schedules to Fund Balance Sheet Schedule: F – 1
POLICYHOLDERS’ CONTRIBUTION Particulars
Opening balance Add: Additions during the year* Less: Deductions during the year* Closing balance Particulars
Kotak Group 36M FMP 02/01/2011
Add: Additions during the year* Less: Deductions during the year* Closing balance Particulars
Kotak Group 36M FMP 12/09/2011
Current Year
Previous Year
Current Year
Previous Year
Current Year
30,000
30,000
(1,414)
15,000
—
—
—
—
Kotak Group 11M FMP 06/10/2009
Previous Year
Current Year
10,013
—
30,034
—
—
10,013
—
30,034
Previous Year
5,666
—
—
16,414
1,664
—
33,076
—
24,334
30,000
(1,414)
(1,414)
8,349
10,013
(3,042)
30,034
Kotak Group 60M FMP 27/11/2013 Current Year
Opening balance
Kotak Group 12M FMP 28/03/2009
Kotak Group 50M FMP 27/02/2013
Previous Year
Current Year
70,000
—
—
70,000
7,836 62,164
Kotak Group 59M FMP 08/12/2013
Previous Year
Current Year
7,210
—
—
7,210
—
1,209
70,000
6,001
Kotak guaranteed Balanced Fund
Kotak Dynamic Balanced Fund
Previous Year
Current Year
Previous Year
28,000
—
106,938
100,145
—
28,000
58,483
47,397
—
2,805
—
64,912
40,604
7,210
25,195
28,000
100,509
106,938
Kotak Pension Balanced Fund
Kotak Group Balanced Fund
Balanced Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
1,302,997
1,054,468
4,284,096
2,362,676
559,383
532,354
—
—
Add: Additions during the year*
487,982
494,378
1,828,329
2,216,616
539,804
209,446
1,909
—
Less: Deductions during the year*
340,259
245,849
431,923
295,196
57,420
182,417
37
—
1,450,720
1,302,997
5,680,502
4,284,096
1,041,767
559,383
1,872
—
Opening balance
Closing balance Particulars
Opening balance Add: Additions during the year*
Pension Balanced Fund II
Kotak Dynamic Growth Fund
Kotak guaranteed Growth Fund
Kotak Pension Growth Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
—
—
522,604
422,986
17,311,734
11,086,594
76,137
—
3,003
—
229,728
198,831
7,335,184
7,691,225
175,510
78,487
42
—
178,375
99,213
2,861,742
1,466,085
22,181
2,350
Closing balance
2,961
—
573,957
522,604
21,785,176
17,311,734
229,466
76,137
Particulars
Kotak Group Growth Fund
Less: Deductions during the year*
Kotak Aggressive Growth Fund
Kotak Group Agressive Growth Fund
Kotak Advantage Multiplier Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Opening balance
5,127
3,851
2,201,228
1,289,329
1,180
644
65,864
67,727
Add: Additions during the year*
1,231
2,934
1,129,601
1,088,381
339
536
1,085
3,615
Less: Deductions during the year*
6,531
1,658
415,655
176,482
2,507
—
10,223
5,478
Closing balance
(173)
5,127
2,915,174
2,201,228
(988)
1,180
56,726
65,864
* Additions represents units creation and deductions represents units cancellation
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
67
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures – Schedules to Fund Revenue & Fund Balance Sheet (Contd.) Schedules to Fund Balance Sheet Schedule: F – 1
POLICYHOLDERS’ CONTRIBUTION Particulars
Kotak Advantage Plus Fund
Kotak Advantage Fund
Kotak Advantage Plus Fund II
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
918,693
1,111,406
9,659
8,952
49,652
41,838
654,047
573,321
44,100
31,683
344
3,668
2,867
9,427
34,724
93,862
Less: Deductions during the year*
444,858
224,396
11,131
2,961
14,829
1,613
282,691
13,136
Closing balance
517,935
918,693
(1,128)
9,659
37,690
49,652
406,080
654,047
Opening balance Add: Additions during the year*
Particulars
Opening balance Add: Additions during the year* Less: Deductions during the year* Closing balance Particulars
Opening balance Add: Additions during the year* Less: Deductions during the year* Closing balance Particulars
Frontline Equity Fund
Pension Frontline Equity Fund
Current Year
Previous Year
Kotak Opportunities Fund
Current Year
Previous Year
Current Year
Kotak Pension Opportunities Fund
Previous Year
Current Year
Previous Year
—
—
—
—
490,523
—
—
—
170,837
—
20,066
—
2,707,307
511,687
50,408
—
7,146
—
69
—
150,296
21,164
6,826
—
163,691
—
19,997
—
3,047,534
490,523
43,582
—
Classic Opportunities Fund
Pension Classic Opportunities Fund
Current Year
Previous Year
Dynamic Floor Fund
Current Year
Previous Year
Current Year
Kotak Group Dynamic Floor Fund Previous Year
Current Year
Previous Year
—
—
—
—
1,483,652
550,723
—
—
667,187
—
67,815
—
2,717,987
1,155,571
217,393
—
20,741
—
240
—
471,873
222,642
26,823
—
646,446
—
67,575
—
3,729,766
1,483,652
190,570
—
Kotak Pension Floor Fund
Dynamic Floor Fund II
Current Year
Previous Year
Pension Floor Fund II
Current Year
Previous Year
Guarantee Fund
Current Year
Previous Year
Current Year
Previous Year
—
—
—
—
—
—
—
—
586,572
—
1,551,315
—
349,824
—
166,005
—
42,427
—
52,968
—
5,891
—
2,347
—
Closing balance
544,145
—
1,498,347
—
343,933
—
163,658
—
Particulars
Pension Guarantee Fund
Opening balance Add: Additions during the year* Less: Deductions during the year*
Opening balance Add: Additions during the year* Less: Deductions during the year* Closing balance
Peak Guarantee Fund I
Current Year
Previous Year
Total
Current Year
Previous Year
Current Year
Previous Year
—
—
—
—
32,890,949
20,540,057
355,246
—
167,659
—
23,600,170
16,129,580
10,941
—
3,396
—
7,322,082
3,778,688
344,305
—
164,263
—
49,169,037
32,890,949
* Additions represents units creation and deductions represents units cancellation
68
Kotak Advantage Multiplier Fund II
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures – Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Schedule: F – 2 — INVESTMENTS Particulars
Kotak Guaranteed Money Market Fund
Kotak Group Money Market Fund
Pension Money Market Fund II
Money Market Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Government Bonds
—
—
—
—
—
—
—
—
Corporate Bonds
—
—
—
—
—
—
—
—
Infrastructure Bonds
—
—
—
—
—
—
—
—
Equity
—
—
—
—
—
—
—
—
2,272
2,209
59
54
4,055
—
13,041
—
—
—
—
—
—
—
—
—
2,272
2,209
59
54
4,055
—
13,041
—
Corporate Bonds
—
—
—
—
—
—
—
—
Infrastructure Bonds
—
—
—
—
—
—
—
—
Equity
—
—
—
—
—
—
—
—
Money Market
—
—
—
—
—
—
—
—
Mutual Funds
—
—
—
—
—
—
—
—
Total
—
—
—
—
—
—
—
—
2,272
2,209
59
54
4,055
—
13,041
—
100.00%
100.00%
100.00%
100.00%
100.00%
0.00%
100.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Approved Investments
Money Market Mutual Funds Total Other Investments
Grand Total % of Approved Investments to Total % of Other Investments to Total
Schedule: F – 2 — INVESTMENTS (Contd.) Particulars
Kotak Dynamic Gilt Fund
Kotak guaranteed Gilt Fund
Kotak Pension Gilt Fund
Kotak Group Gilt Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Government Bonds
88,994
135,729
209,441
324,106
138,577
187,812
52,952
60,444
Corporate Bonds
40,871
50
110,231
129
39,165
3
22,058
9
—
—
—
—
—
—
—
—
Approved Investments
Infrastructure Bonds Equity Money Market
—
—
—
—
—
—
—
—
9,033
15,516
20,162
38,471
21,578
28,521
6,822
5,258
1,890
—
6,750
—
1,830
—
1,350
—
140,788
151,295
346,584
362,706
201,150
216,336
83,182
65,711
Corporate Bonds
—
—
—
—
—
—
—
—
Infrastructure Bonds
—
—
—
—
—
—
—
—
Equity
—
—
—
—
—
—
—
—
Money Market
—
—
—
—
—
—
—
—
Mutual Funds
—
—
—
—
—
—
—
—
Total
—
—
—
—
—
—
—
—
140,788
151,295
346,584
362,706
201,150
216,336
83,182
65,711
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Mutual Funds Total Other Investments
Grand Total % of Approved Investments to Total % of Other Investments to Total
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
69
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures – Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Schedule: F – 2 — INVESTMENTS (Contd.) Particulars
Kotak Dynamic Bond Fund
Gilt Fund
Kotak guaranteed Bond Fund
Current Year
Previous Year
Current Year
Previous Year
Government Bonds
337
—
16,368
Corporate Bonds
333
—
70,689
Infrastructure Bonds
—
—
Equity
—
Money Market
Kotak Pension Bond Fund
Current Year
Previous Year
Current Year
Previous Year
37,499
28,320
44,201
110,362
26,854
36,027
82,494
76,708
136,559
86,779
51,874
81,086
110,147
86,877
114,552
—
—
92,876
—
—
—
—
30
—
35,322
—
28,060
45,115
48,260
39,442
65,696
Approved Investments
—
—
7,960
—
8,340
—
12,650
—
700
—
217,118
161,634
302,284
238,699
339,230
322,152
Corporate Bonds
—
—
—
—
—
—
—
—
Infrastructure Bonds
—
—
—
—
—
—
—
—
Equity
—
—
—
—
—
—
—
—
Money Market
—
—
—
—
—
—
—
—
Mutual Funds
—
—
—
—
—
—
—
—
Total
—
—
—
—
—
—
—
—
700
—
217,118
161,634
302,284
238,699
339,230
322,152
100.00%
0.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Mutual Funds Total Other Investments
Grand Total % of Approved Investments to Total % of Other Investments to Total
Schedule: F – 2 — INVESTMENTS (Contd.) Particulars
Kotak Group Bond Fund
Bond Fund
Current Year
Previous Year
Pension Bond Fund II
Current Year
Previous Year
Current Year
Previous Year
Kotak Dynamic Floating Rate Fund Current Year
Previous Year 60,048
Approved Investments 49,010
164,868
3,963
—
192
—
7,140
Corporate Bonds
452,147
197,617
28,391
—
1,694
—
49,596
—
Infrastructure Bonds
625,918
214,145
24,331
—
1,635
—
28,054
34,720
Government Bonds
Equity Money Market
—
—
—
—
—
—
—
—
127,985
163,605
2,052
—
401
—
15,278
14,572
24,360
—
—
—
—
—
1,750
—
1,279,420
740,235
58,737
—
3,922
—
101,818
109,340
Corporate Bonds
—
—
—
—
—
—
—
—
Infrastructure Bonds
—
—
—
—
—
—
—
—
Equity
—
—
—
—
—
—
—
—
Money Market
—
—
—
—
—
—
—
—
Mutual Funds
—
—
—
—
—
—
—
—
Total
—
—
—
—
—
—
—
—
1,279,420
740,235
58,737
—
3,922
—
101,818
109,340
100.00%
100.00%
100.00%
0.00%
100.00%
0.00%
100.00%
100.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Mutual Funds Total Other Investments
Grand Total % of Approved Investments to Total % of Other Investments to Total
70
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures – Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Schedule: F – 2 — INVESTMENTS (Contd.) Particulars
Kotak guaranteed Floating Rate Fund
Kotak Pension Floating Rate Fund
Current Year
Previous Year
Kotak Group Floating Rate Fund
Current Year
Previous Year
Floating Rate Fund
Current Year
Previous Year
Current Year
Previous Year
Approved Investments 13,600
137,564
8,576
44,736
8,011
58,250
13
—
132,374
—
41,324
—
60,519
—
45
—
67,357
74,943
25,824
24,018
31,364
32,444
25
—
—
—
—
—
—
—
—
—
Money Market
39,044
32,200
13,098
9,706
16,679
16,768
1
—
Mutual Funds
5,040
—
1,049
—
1,090
—
—
—
257,415
244,707
89,871
78,460
117,663
107,462
84
—
Corporate Bonds
—
—
—
—
—
—
—
—
Infrastructure Bonds
—
—
—
—
—
—
—
—
Equity
—
—
—
—
—
—
—
—
Money Market
—
—
—
—
—
—
—
—
Mutual Funds
—
—
—
—
—
—
—
—
Total
—
—
—
—
—
—
—
—
257,415
244,707
89,871
78,460
117,663
107,462
84
—
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Government Bonds Corporate Bonds Infrastructure Bonds Equity
Total Other Investments
Grand Total % of Approved Investments to Total % of Other Investments to Total
Schedule: F – 2 — INVESTMENTS (Contd.) Particulars
Kotak Group 36M FMP 02/01/2011
Kotak Group 12M FMP 28/03/2009
Kotak Group 36M FMP 12/09/2011
Current Year
Previous Year
Current Year
Previous Year
Current Year
Government Bonds
—
—
—
—
Corporate Bonds
—
—
—
—
29,774
29,821
—
—
5,841
Kotak Group 11M FMP 06/10/2009
Previous Year
Current Year
Previous Year
—
—
—
—
4,244
4,189
—
—
5,781
—
10,184
Approved Investments
Infrastructure Bonds Equity
—
—
—
—
—
—
—
—
Money Market
—
2,855
—
—
—
727
—
20,967
—
—
—
—
—
—
—
—
29,774
32,676
—
—
10,085
10,696
—
31,151
Corporate Bonds
—
—
—
—
—
—
—
—
Infrastructure Bonds
—
—
—
—
—
—
—
—
Equity
—
—
—
—
—
—
—
—
Money Market
—
—
—
—
—
—
—
—
Mutual Funds
—
—
—
—
—
—
—
—
Total
—
—
—
—
—
—
—
—
29,774
32,676
—
—
10,085
10,696
—
31,151
100.00%
100.00%
0.00%
0.00%
100.00%
100.00%
0.00%
100.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Mutual Funds Total Other Investments
Grand Total % of Approved Investments to Total % of Other Investments to Total
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
71
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures – Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Schedule: F – 2 — INVESTMENTS (Contd.) Particulars
Kotak Group 60M FMP 27/11/2013 Current Year
Kotak Group 50M FMP 27/02/2013
Previous Year
Current Year
Previous Year
Kotak Group 59M FMP 08/12/2013 Current Year
Kotak Dynamic Balanced Fund
Previous Year
Current Year
Previous Year
Approved Investments —
—
—
—
—
—
12,951
12,436
Corporate Bonds
15,237
15,100
—
—
11,566
11,461
20,779
27,205
Infrastructure Bonds
61,148
60,597
6,967
6,857
17,096
17,037
44,466
35,113
Equity
—
—
—
—
—
—
127,862
67,916
Money Market
—
—
—
—
—
—
25,239
31,892
Mutual Funds
—
—
—
—
—
—
810
—
76,385
75,697
6,967
6,857
28,662
28,498
232,107
174,562
Corporate Bonds
—
—
—
—
—
—
—
—
Infrastructure Bonds
—
—
—
—
—
—
—
—
Equity
—
—
—
—
—
—
11,182
3,605
Money Market
—
—
—
—
—
—
—
—
Mutual Funds
—
—
—
—
—
—
—
—
Total
—
—
—
—
—
—
11,182
3,605
Government Bonds
Total Other Investments
Grand Total % of Approved Investments to Total % of Other Investments to Total
76,385
75,697
6,967
6,857
28,662
28,498
243,290
178,167
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
95.40%
97.98%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
4.60%
2.02%
Schedule: F – 2 — INVESTMENTS (Contd.) Particulars
Kotak guaranteed Balanced Fund Current Year
Kotak Pension Balanced Fund
Kotak Group Balanced Fund
Previous Year
Current Year
Previous Year
Balanced Fund
Current Year
Previous Year
Current Year
Previous Year
Approved Investments Government Bonds
214,986
83,672
725,200
423,560
87,971
32,055
128
—
Corporate Bonds
332,826
200,513
894,044
497,736
144,809
70,164
562
—
Infrastructure Bonds
431,998
350,518
1,558,458
814,737
220,882
74,803
—
—
Equity
531,264
445,130
1,772,502
1,153,766
628,764
193,944
890
—
Money Market
192,641
238,375
806,533
726,843
79,406
100,646
45
—
Mutual Funds
14,930
20,000
23,970
20,000
53,500
10,000
—
—
1,718,645
1,338,208
5,780,707
3,636,642
1,215,332
481,612
1,625
—
Corporate Bonds
—
—
—
—
—
—
—
—
Infrastructure Bonds
—
—
—
—
—
—
—
—
19,513
22,085
63,886
63,505
55,089
9,299
78
—
Money Market
—
—
—
—
—
—
—
—
Mutual Funds
—
—
—
—
57,390
—
—
—
19,513
22,085
63,886
63,505
112,479
9,299
78
—
1,738,157
1,360,293
5,844,593
3,700,147
1,327,811
490,911
1,703
—
98.88%
98.38%
98.91%
98.28%
91.53%
98.11%
95.44%
0.00%
1.12%
1.62%
1.09%
1.72%
8.47%
1.89%
4.56%
0.00%
Total Other Investments
Equity
Total Grand Total % of Approved Investments to Total % of Other Investments to Total
72
—
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures – Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Schedule: F – 2 — INVESTMENTS (Contd.) Particulars
Pension Balanced Fund II
Kotak Dynamic Growth Fund
Kotak guaranteed Growth Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Kotak Pension Growth Fund
Previous Year
Current Year
Previous Year
Approved Investments 59
—
21,802
31,879
1,863,309
968,073
34,842
30,451
636
—
54,802
55,251
3,425,020
2,039,859
41,432
1,334
46
—
116,231
83,196
4,309,352
2,436,763
33,505
6,297
911
—
591,730
261,887
9,066,658
6,021,629
97,426
36,418
Money Market
60
—
9,565
96,005
3,995,818
2,415,673
34,691
6,915
Mutual Funds
—
—
—
—
40,000
248,500
2,440
1,500
1,712
—
794,130
528,218
22,700,157 14,130,497
244,336
82,915 —
Government Bonds Corporate Bonds Infrastructure Bonds Equity
Total Other Investments
—
Corporate Bonds
—
—
—
—
—
—
—
Infrastructure Bonds
—
—
—
—
—
—
—
—
Equity
80
—
51,828
14,862
320,674
320,881
3,476
1,470
Money Market
—
—
—
—
—
—
—
—
Mutual Funds
—
—
—
—
—
—
—
—
Total
80
—
51,828
14,862
320,674
320,881
3,476
1,470
23,020,831 14,451,378
Grand Total % of Approved Investments to Total % of Other Investments to Total
1,791
—
845,958
543,080
247,812
84,385
95.56%
0.00%
93.87%
97.26%
98.61%
97.78%
98.60%
98.26%
4.44%
0.00%
6.13%
2.74%
1.39%
2.22%
1.40%
1.74%
Schedule: F – 2 — INVESTMENTS (Contd.) Particulars
Kotak Group Growth Fund
Kotak Aggressive Growth Fund
Current Year
Previous Year
Government Bonds
—
Corporate Bonds
—
Infrastructure Bonds
Kotak Group Aggressive Growth Fund
Kotak Advantage Multiplier Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
1,523
1,815
31,413
—
66
4,270
14,687
82
15,850
17,595
—
40
4,698
9,306
—
237
90,445
72,302
—
108
13,437
21,027
Equity
—
1,631
3,127,523
1,297,022
—
964
37,221
9,430
Money Market
—
318
49,730
124,907
—
63
5,863
14,989
Mutual Funds
—
—
24,390
—
—
—
950
—
Total
—
3,791
3,309,753
1,543,239
—
1,241
66,439
69,439
Other Investments
—
Corporate Bonds
—
—
—
—
—
—
—
—
Infrastructure Bonds
—
—
—
—
—
—
—
—
Equity
—
71
276,221
68,445
—
53
1,767
419
Money Market
—
—
—
—
—
—
—
—
Mutual Funds
—
—
—
—
—
—
—
—
Total
—
71
276,221
68,445
—
53
1,767
419
Approved Investments
Grand Total
—
—
3,862
3,585,975
1,611,684
—
1,294
68,206
69,858
% of Approved Investments to Total
0.00%
98.15%
92.30%
95.75%
0.00%
95.95%
97.41%
99.40%
% of Other Investments to Total
0.00%
1.85%
7.70%
4.25%
0.00%
4.13%
2.59%
0.60%
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
73
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures – Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Schedule: F – 2 — INVESTMENTS (Contd.) Particulars
Kotak Advantage Plus Fund
Kotak Advantage Fund
Kotak Advantage Multiplier Fund II
Kotak Advantage Plus Fund II
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Government Bonds
27,737
200,987
—
3,233
4,283
13,106
72,426
144,902
Corporate Bonds
96,508
148,432
—
1,669
3,582
7,747
32,010
104,465
Infrastructure Bonds
65,611
353,695
—
3,058
6,552
12,498
74,424
209,800
364,160
108,985
—
1,081
25,532
6,660
284,030
71,072
84,216
140,747
—
2,050
5,396
9,603
31,484
138,633
Approved Investments
Equity Money Market
16,150
—
—
—
190
—
13,180
—
654,382
952,846
—
11,091
45,535
49,614
507,554
668,872
Corporate Bonds
—
—
—
—
—
—
—
—
Infrastructure Bonds
—
—
—
—
—
—
—
—
17,396
4,715
—
81
1,191
300
13,521
3,504
Money Market
—
—
—
—
—
—
—
—
Mutual Funds
—
—
—
—
—
—
—
—
17,396
4,715
—
81
1,191
300
13,521
3,504
Grand Total
671,777
957,561
—
11,172
46,726
49,914
521,075
672,376
% of Approved Investments to Total
97.41%
99.51%
0.00%
99.28%
97.45%
99.40%
97.41%
99.48%
2.59%
0.49%
0.00%
0.72%
2.55%
0.60%
2.59%
0.52%
Mutual Funds Total Other Investments
Equity
Total
% of Other Investments to Total
—
Schedule: F – 2 — INVESTMENTS (Contd.) Particulars
Frontline Equity Fund
Pension Frontline Equity Fund
Kotak Opportunities Fund
Kotak Pension Opportunities Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Government Bonds
2,192
—
970
—
23,558
77,382
2,526
—
Corporate Bonds
3,094
—
255
—
78,354
4,720
—
—
Infrastructure Bonds
4,653
—
—
—
63,670
12,572
—
—
132,420
—
9,720
—
2,933,443
340,245
36,372
—
Money Market
1,751
—
355
—
92,367
68,807
—
—
Mutual Funds
6,050
—
470
—
15,870
—
329
—
150,160
—
11,770
—
3,207,262
503,725
39,227
—
Approved Investments
Equity
Total Other Investments
—
—
Corporate Bonds
—
—
—
—
—
—
—
—
Infrastructure Bonds
—
—
—
—
—
—
—
—
11,600
—
852
—
523,108
37,996
6,630
—
Money Market
—
—
—
—
—
—
—
—
Mutual Funds
—
—
240
—
—
—
—
—
11,600
—
1,092
—
523,108
37,996
6,630
—
Grand Total
161,759
—
12,862
—
3,730,370
541,722
45,857
—
% of Approved Investments to Total
92.83%
0.00%
91.51%
0.00%
85.98%
92.99%
85.54%
0.00%
7.17%
0.00%
8.49%
0.00%
14.02%
7.01%
14.46%
0.00%
Equity
Total
% of Other Investments to Total
74
—
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures – Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Schedule: F – 2 — INVESTMENTS (Contd.) Particulars
Classic Opportunities Fund
Pension Classic Opportunities Fund
Dynamic Floor Fund
Kotak Group Dynamic Floor Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
24,680
—
1,875
—
292,659
371,797
48,153
—
—
—
—
—
393,821
281,771
9,605
—
11,581
—
4
—
687,382
407,258
14,060
—
405,202
—
29,501
—
1,955,108
156,928
99,186
—
6,428
—
1,274
—
547,922
234,672
24,741
—
410
—
490
—
4,029
—
1,520
—
448,301
—
33,144
—
3,880,921
1,452,426
197,265
—
Approved Investments Government Bonds Corporate Bonds Infrastructure Bonds Equity Money Market Mutual Funds Total Other Investments
—
—
—
Corporate Bonds
—
—
—
—
—
—
—
—
Infrastructure Bonds
—
—
—
—
—
—
—
—
74,065
—
5,410
—
97,974
6,802
4,899
—
Money Market
—
—
—
—
—
—
—
—
Mutual Funds
—
—
—
—
—
—
—
—
74,065
—
5,410
—
97,974
6,802
4,899
—
Grand Total
522,366
—
38,554
—
3,978,895
1,459,228
202,164
—
% of Approved Investments to Total
85.82%
0.00%
85.97%
0.00%
97.54%
99.53%
97.58%
0.00%
% of Other Investments to Total
14.18%
0.00%
14.03%
0.00%
2.46%
0.47%
2.42%
0.00%
Equity
Total
Schedule: F – 2 — INVESTMENTS (Contd.) Particulars
Kotak Pension Floor Fund
Dynamic Floor Fund II
Current Year
Previous Year
Government Bonds
82,157
Corporate Bonds
72,448
Infrastructure Bonds
Pension Floor Fund II
Guarantee Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
—
84,975
—
22,388
—
21,866
—
—
103,839
—
21,362
—
15,158
—
47,148
—
130,597
—
17,602
—
7,858
—
257,645
—
680,463
—
123,171
—
67,791
—
Money Market
72,397
—
165,667
—
37,189
—
15,800
—
Mutual Funds
2,470
—
12,170
—
6,750
—
6,600
—
534,265
—
1,177,711
—
228,462
—
135,073
—
Approved Investments
Equity
Total Other Investments
—
—
—
Corporate Bonds
—
—
—
—
—
—
—
—
Infrastructure Bonds
—
—
—
—
—
—
—
—
15,286
—
34,835
—
6,290
—
3,325
—
Money Market
—
—
—
—
—
—
—
—
Mutual Funds
—
—
—
—
—
—
1,720
—
15,286
—
34,835
—
6,290
—
5,045
—
Grand Total
549,551
—
1,212,546
—
234,752
—
140,118
—
% of Approved Investments to Total
97.22%
0.00%
97.13%
0.00%
97.32%
0.00%
96.40%
0.00%
2.78%
0.00%
2.87%
0.00%
2.68%
0.00%
3.60%
0.00%
Equity
Total
% of Other Investments to Total
—
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
75
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures – Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Schedule: F – 2 — INVESTMENTS (Contd.) Particulars
Pension Guarantee Fund
Peak Guarantee Fund I
Total
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Approved Investments 9,644
—
16,185
—
4,367,128
3,761,626
Corporate Bonds
34,026
—
—
—
7,126,925
3,898,445
Infrastructure Bonds
13,518
—
4,079
—
9,204,371
5,636,156
135,615
—
33,739
—
Money Market
41,793
—
12,012
—
6,751,852
4,844,584
Mutual Funds
10,400
—
3,050
—
335,177
300,000
244,996
—
69,065
—
Government Bonds
Equity
Total Other Investments
51,341,302 28,615,520
—
Corporate Bonds
—
—
—
—
—
Infrastructure Bonds
—
—
—
—
—
—
6,884
—
1,725
—
1,628,785
558,093
Money Market
—
—
—
—
—
—
Mutual Funds
—
—
3,190
—
62,540
—
6,884
—
4,915
—
1,691,325
558,093
Equity
Total
—
Grand Total
251,880
—
73,980
—
% of Approved Investments to Total
97.27%
0.00%
93.36%
0.00%
96.81%
98.09%
2.73%
0.00%
6.64%
0.00%
3.19%
1.91%
% of Other Investments to Total
76
—
23,555,849 10,174,709
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
53,032,627 29,173,613
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures — Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Schedule: F – 3 — CURRENT ASSETS Particulars
Accrued Interest Cash & Bank Balance Dividend Receivable Receivable for Sale of Investments Unit Collection A/c# Other Current Assets (for Investments) Total
Kotak Guaranteed Money Market Fund Current Previous Year Year — — — — — — — — — — — — — —
Kotak Group Money Market Fund Current Previous Year Year — — — 1 — — — — — — — — — 1
Previous Year — — — — — — —
Pension Money Market Fund II Current Previous Year Year — — 7,068 — — — — — — — 1 — 7,069 —
Kotak Pension Gilt Fund Current Previous Year Year 4,554 2,102
Kotak Group Gilt Fund Current Previous Year Year 2,644 869
Money Market Fund Current Year — 4,038 — 187 — — 4,225
Schedule: F – 3 — CURRENT ASSETS (Contd.) Particulars
Accrued Interest Cash & Bank Balance Dividend Receivable Receivable for Sale of Investments Unit Collection A/c# Other Current Assets (for Investments) Total
Kotak Dynamic Gilt Fund Current Previous Year Year 4,246 1,749 842 — 2,450 — 86 7,624
— — 13,040 — 47 14,836
Kotak guaranteed Gilt Fund Current Previous Year Year 10,306 3,794 4,789 — 2,450 — 172 17,717
— — 37,231 — 80 41,105
3,449 — 2,450 — 60 10,513
4,230 — 24,917 — 7 31,256
6 — 981 — 19 3,650
426 — 2,548 — 14 3,857
Schedule: F – 3 — CURRENT ASSETS (Contd.) Particulars
Accrued Interest Cash & Bank Balance Dividend Receivable Receivable for Sale of Investments Unit Collection A/c# Other Current Assets (for Investments) Total
Gilt Fund Current Year 25
Previous Year —
53 — — — — 78
— — — — — —
Kotak Dynamic Bond Fund Current Previous Year Year 5,221 3,835 4,169 — 10,296 — 188 19,874
13,165 — 402 — 14,057 31,459
Kotak guaranteed Bond Fund Current Previous Year Year 8,064 6,079 683 — 15,587 — 204 24,538
— — 1,467 — 21,023 28,569
Kotak Pension Bond Fund Current Previous Year Year 9,290 7,176 8,555 — 12,534 — 204 30,583
— — 2,007 — 25,001 34,184
Schedule: F – 3 — CURRENT ASSETS (Contd.) Particulars
Accrued Interest
Kotak Group Bond Fund Current Previous Year Year 34,184 18,901
Cash & Bank Balance Dividend Receivable Receivable for Sale of Investments Unit Collection A/c# Other Current Assets (for Investments) Total
55,334 — 10,191 — 775 100,484
28,643 — 2,363 — 60,040 109,947
Bond Fund Current Year 2,182
Previous Year —
14,714 — — — 42 16,938
— — — — — —
Pension Bond Fund II Current Previous Year Year 135 — 2,486 — — — 4 2,625
— — — — — —
Kotak Dynamic Floating Rate Fund Current Previous Year Year 3,943 2,611 137 — — — 121 4,201
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
20,573 — 1,209 — 45 24,438
77
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures — Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Schedule: F – 3 — CURRENT ASSETS (Contd.) Particulars
Accrued Interest Cash & Bank Balance Dividend Receivable Receivable for Sale of Investments Unit Collection A/c# Other Current Assets (for Investments) Total
Kotak guaranteed Floating Rate Fund Current Previous Year Year 9,869 5,714 1,946 18,503 — — — 3,915 — — 229 56 12,044 28,188
Kotak Pension Floating Rate Fund Current Previous Year Year 2,918 1,618 1,814 3,946 — — — 4,320 — — 59 5 4,791 9,889
Kotak Group Floating Rate Fund Current Previous Year Year 4,245 2,323 22,332 19,704 — — — 1,505 — — 114 31 26,691 23,563
Kotak Group 12M FMP 28/03/2009 Current Previous Year Year — —
Kotak Group 36M FMP 12/09/2011 Current Previous Year Year 468 468
Floating Rate Fund Current Year 2 908 — — — 1 911
Previous Year — — — — — — —
Schedule: F – 3 — CURRENT ASSETS (Contd.) Particulars
Accrued Interest
Kotak Group 36M FMP 02/01/2011 Current Previous Year Year 1,214 1,213 — — — — — 1,214
Cash & Bank Balance Dividend Receivable Receivable for Sale of Investments Unit Collection A/c# Other Current Assets (for Investments) Total
— — — — — 1,213
— — — — — —
— — — — — —
— — — — — 468
— — — — — 468
Kotak Group 11M FMP 06/10/2009 Current Previous Year Year — 419 — — — — — —
— — — — — 419
Schedule: F – 3 — CURRENT ASSETS (Contd.) Particulars
Kotak Group 60M FMP 27/11/2013
Accrued Interest Cash & Bank Balance Dividend Receivable Receivable for Sale of Investments Unit Collection A/c# Other Current Assets (for Investments) Total
Current Year 2,692
Previous Year 2,692
— — — — — 2,692
— — — — — 2,692
Kotak Group 50M FMP 27/02/2013 Current Previous Year Year 58 57 — — — — — 58
622 — — — — 679
Kotak Group 59M FMP 08/12/2013 Current Previous Year Year 883 883 — — — — — 883
— — — — — 883
Kotak Dynamic Balanced Fund Current Previous Year Year 2,899 2,473 483 — 2,445 — 587 6,414
3,902 3 290 — 1,116 7,784
Schedule: F – 3 — CURRENT ASSETS (Contd.) Particulars
Accrued Interest Cash & Bank Balance Dividend Receivable Receivable for Sale of Investments Unit Collection A/c# Other Current Assets (for Investments) Total
78
Kotak guaranteed Balanced Fund Current Previous Year Year 35,925 20,310 19,256 28 — — 4,107 59,316
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
— 10 2,077 — 20,738 43,135
Kotak Pension Balanced Fund Current Previous Year Year 109,103 47,930 39,205 90 97,902 — 11,536 257,836
112,882 25 9,591 — 22,698 193,126
Kotak Group Balanced Fund Current Previous Year Year 14,276 6,495 5,829 — 2,451 — 2,590 25,146
61,579 7 387 — 13,309 81,777
Balanced Fund Current Year 37
Previous Year —
207 — — — 3 247
— — — — — —
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures — Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Schedule: F – 3 — CURRENT ASSETS (Contd.) Particulars
Accrued Interest Cash & Bank Balance Dividend Receivable Receivable for Sale of Investments Unit Collection A/c# Other Current Assets (for Investments) Total
Pension Balanced Fund II Current Previous Year Year 19 — 1,221 — — — — — — — 5 — 1,245 —
Kotak Dynamic Growth Fund Current Previous Year Year 7,190 4,533 3,620 13,824 — 12 — 1,600 — — 2,040 — 12,850 19,969
Kotak guaranteed Growth Fund Current Previous Year Year 348,465 182,088 148,248 592,410 435 142 249,718 113,817 — — 60,108 127,605 806,974 1,016,062
Kotak Pension Growth Fund Current Previous Year Year 2,760 640 3,397 5,364 4 — 2,442 6,998 — — 600 — 9,203 13,002
Kotak Group Growth Fund Current Previous Year Year — 27
Kotak Aggressive Growth Fund Current Previous Year Year 3,540 3,766
Kotak Group Agressive Growth Fund Current Previous Year Year — 7
Kotak Advantage Multiplier Fund Current Previous Year Year 1,110 1,382
Schedule: F – 3 — CURRENT ASSETS (Contd.) Particulars
Accrued Interest
— — — — — —
Cash & Bank Balance Dividend Receivable Receivable for Sale of Investments Unit Collection A/c# Other Current Assets (for Investments) Total
8 — 186 — — 221
32,715 — — — 8,923 45,178
36,682 48 9,319 — 251 50,066
— — — — — —
6 — 4 — — 17
6 5 — — 34 1,155
— 1 3,634 — 24 5,041
Schedule: F – 3 — CURRENT ASSETS (Contd.) Particulars
Accrued Interest
Kotak Advantage Plus Fund Current Previous Year Year 10,056 21,951
Cash & Bank Balance Dividend Receivable Receivable for Sale of Investments Unit Collection A/c# Other Current Assets (for Investments) Total
3 47 — — 519 10,625
— 11 32,313 — 333 54,608
Kotak Advantage Fund Current Year —
Previous Year 221
— — — — — —
— — 632 — 1 854
Kotak Advantage Multiplier Fund II Current Previous Year Year 671 928 8 3 — — 21 703
— 1 4,473 — 14 5,416
Kotak Advantage Plus Fund II Current Previous Year Year 8,913 13,860 196 38 — — 1,699 10,846
235 6 25,633 — 259 39,993
Schedule: F – 3 — CURRENT ASSETS (Contd.) Particulars
Accrued Interest Cash & Bank Balance Dividend Receivable Receivable for Sale of Investments Unit Collection A/c# Other Current Assets (for Investments) Total
Frontline Equity Fund Current Previous Year Year 158 — 17,405 — — — 401 17,964
— — — — — —
Pension Frontline Equity Fund Current Previous Year Year 44 — 9,248 — — — 49 9,341
— — — — — —
Kotak Opportunities Fund Current Previous Year Year 4,395 1,548 100,028 — 4,900 — 9,062 118,385
51,870 17,860 — — 71,278
Kotak Pension Opportunities Fund Current Previous Year Year 77 — 2 — — — — 79
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
— — — — — —
79
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures — Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Schedule: F – 3 — CURRENT ASSETS (Contd.) Particulars
Accrued Interest Cash & Bank Balance Dividend Receivable Receivable for Sale of Investments Unit Collection A/c# Other Current Assets (for Investments) Total
Classic Opportunities Fund Current Previous Year Year 1,100 — 167,107 — — — — — — — 1,585 — 169,792 —
Pension Classic Opportunities Fund Current Previous Year Year 65 — 32,502 — — — — — — — 165 — 32,732 —
Dynamic Floor Fund Current Year 42,666 112,270 244 12,251 — 7,424 174,855
Previous Year 24,600 99,112 11 44,068 — 157 167,948
Kotak Group Dynamic Floor Fund Current Previous Year Year 2,073 — 4,565 — 11 — — — — — 343 — 6,992 —
Schedule: F – 3 — CURRENT ASSETS (Contd.) Particulars
Accrued Interest Cash & Bank Balance Dividend Receivable Receivable for Sale of Investments Unit Collection A/c# Other Current Assets (for Investments) Total
Kotak Pension Floor Fund Current Previous Year Year 6,422 — 248 29 — — 984 7,683
— — — — — —
Dynamic Floor Fund II Current Year 8,507
Previous Year —
339,961 69 — — 2,720 351,257
— — — — — —
Pension Floor Fund II Current Previous Year Year 1,623 — 121,178 11 — — 618 123,430
— — — — — —
Schedule: F – 3 — CURRENT ASSETS (Contd.) Particulars
80
Accrued Interest
Pension Guarantee Fund Current Previous Year Year 2,119 —
Cash & Bank Balance Dividend Receivable Receivable for Sale of Investments Unit Collection A/c# Other Current Assets (for Investments) Total
99,807 12 — — 622 102,560
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
— — — — — —
Peak Guarantee Fund I Current Previous Year Year 699 — 94,459 2 — — 294 95,454
— — — — — —
Total Current Year 723,750
Previous Year 395,262
1,512,093 1,034 429,235 — 119,615 2,785,727
1,087,687 277 367,795 — 306,902 2,157,923
Guarantee Fund Current Year 1,695
Previous Year —
25,596 6 — — 297 27,594
— — — — — —
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures— Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Schedule: F – 4 — CURRENT LIABILITIES Particulars
Pension Money Market Fund II
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Payable for Purchase of Investments
—
—
—
—
(185)
—
—
—
Other Current Liabilities
—
(1)
—
—
—
—
—
—
Unit Payable a/c
—
—
—
—
—
—
—
—
Total
—
(1)
—
—
(185)
—
—
—
Schedule: F – 4 — CURRENT LIABILITIES (Contd.) Kotak Dynamic Gilt Fund
Kotak guaranteed Gilt Fund
Kotak Pension Gilt Fund
Kotak Group Gilt Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
(2,436)
(13,041)
(2,437)
(37,232)
(2,436)
(24,918)
(974)
(2,549)
Other Current Liabilities
—
(698)
(1)
(4,844)
(1)
—
(113)
—
Unit Payable a/c
—
—
—
—
—
—
—
—
(2,436)
(13,739)
(2,438)
(42,076)
(2,437)
(24,918)
(1,087)
(2,549)
Total
Schedule: F – 4 — CURRENT LIABILITIES (Contd.) Particulars
Kotak Dynamic Bond Fund
Gilt Fund
Kotak guaranteed Bond Fund
Kotak Pension Bond Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Payable for Purchase of Investments
—
—
—
(401)
—
(1,467)
—
(2,007)
Other Current Liabilities
—
—
(2)
—
(1)
(11,207)
(5)
(23,165)
Unit Payable a/c
—
—
—
—
—
—
—
—
Total
—
—
(2)
(401)
(1)
(12,674)
(5)
(25,172)
Schedule: F – 4 — CURRENT LIABILITIES (Contd.) Particulars
Payable for Purchase of Investments Other Current Liabilities Unit Payable a/c Total
Money Market Fund
Previous Year
Payable for Purchase of Investments
Kotak Group Money Market Fund
Current Year
Particulars
Kotak Guaranteed Money Market Fund
Kotak Group Bond Fund
Pension Bond Fund II
Bond Fund
Kotak Dynamic Floating Rate Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
—
(2,363)
—
—
—
—
—
(1,209)
(31)
—
(8)
—
(1)
—
—
—
—
—
—
—
—
—
—
—
(31)
(2,363)
(8)
—
(1)
—
—
(1,209)
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
81
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures— Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Schedule: F – 4 — CURRENT LIABILITIES (Contd.) Particulars
Kotak guaranteed Floating Rate Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Payable for Purchase of Investments
—
(3,916)
—
(4,319)
—
(1,504)
—
—
Other Current Liabilities
(1)
—
(1)
—
(12)
—
—
—
Unit Payable a/c
—
—
—
—
—
—
—
—
Total
(1)
(3,916)
(1)
(4,319)
(12)
(1,504)
—
—
Schedule: F – 4 — CURRENT LIABILITIES (Contd.) Kotak Group 36M FMP 02/01/2011
Kotak Group 12M FMP 28/03/2009
Kotak Group 36M FMP 12/09/2011
Kotak Group 11M FMP 06/10/2009
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
—
—
—
—
—
—
—
—
(77)
(47)
—
—
(142)
(21)
—
(60)
—
—
—
—
—
—
—
—
(77)
(47)
—
—
(142)
(21)
—
(60)
Other Current Liabilities Unit Payable a/c Total
Schedule: F – 4 — CURRENT LIABILITIES (Contd.) Particulars
Kotak Group 60M FMP 27/11/2013
Other Current Liabilities
Kotak Group 59M FMP 08/12/2013
Kotak Dynamic Balanced Fund
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
—
—
—
—
—
—
(4,377)
(95)
(658)
(126)
(4)
—
(196)
(30)
(1)
—
—
—
—
—
—
—
—
—
(658)
(126)
(4)
—
(196)
(30)
(4,378)
(95)
Unit Payable a/c Total
Kotak Group 50M FMP 27/02/2013
Current Year Payable for Purchase of Investments
Schedule: F – 4 — CURRENT LIABILITIES (Contd.) Particulars
Payable for Purchase of Investments Other Current Liabilities Unit Payable a/c Total
82
Floating Rate Fund
Previous Year
Payable for Purchase of Investments
Kotak Group Floating Rate Fund
Current Year
Particulars
Kotak Pension Floating Rate Fund
Kotak guaranteed Balanced Fund
Kotak Pension Balanced Fund
Kotak Group Balanced Fund
Balanced Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
—
(23,717)
(133,262)
(112,885)
(113,182)
(23,878)
(49)
—
(35)
(6,423)
(75)
—
(11)
—
—
—
—
—
—
—
—
—
—
—
(35)
(30,140)
(133,337)
(112,885)
(113,193)
(23,878)
(49)
—
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures— Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Schedule: F – 4 — CURRENT LIABILITIES (Contd.) Particulars
Pension Balanced Fund II
Kotak Dynamic Growth Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
(81)
—
(6,404)
(120)
(705,055)
(341,940)
(6,608)
(20,146)
Other Current Liabilities
(2)
—
(9)
—
(349)
—
(8)
—
Unit Payable a/c
—
—
—
—
—
—
—
—
(83)
—
(6,413)
(120)
(705,404)
(341,940)
(6,616)
(20,146)
Payable for Purchase of Investments
Total
Kotak Group Growth Fund
Kotak Group Aggressive Growth Fund
Kotak Advantage Multiplier Fund
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Payable for Purchase of Investments
—
(176)
(17,451)
(9,235)
—
—
(809)
(4,940)
Other Current Liabilities
—
—
(78)
—
—
—
(164)
(3,733)
Unit Payable a/c
—
—
—
—
—
—
—
—
Total
—
(176)
(17,529)
(9,235)
—
—
(973)
(8,673)
Schedule: F – 4 — CURRENT LIABILITIES (Contd.)
Payable for Purchase of Investments Other Current Liabilities
Kotak Advantage Plus Fund
Total
Kotak Advantage Fund
Kotak Advantage Multiplier Fund II
Kotak Advantage Plus Fund II
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
(12,059)
(47,680)
—
(1,102)
(451)
(5,595)
(7,832)
(43,064)
(1,610)
(17,010)
—
(563)
(617)
(3)
—
—
—
—
—
—
—
—
—
—
(13,669)
(64,691)
—
(1,665)
(1,068)
(5,598)
(7,832)
(43,064)
Unit Payable a/c
Schedule: F – 4 — CURRENT LIABILITIES (Contd.) Particulars
Payable for Purchase of Investments Other Current Liabilities Unit Payable a/c Total
Kotak Aggressive Growth Fund
Current Year
Particulars
Kotak Pension Growth Fund
Schedule: F – 4 — CURRENT LIABILITIES (Contd.) Particulars
Kotak guaranteed Growth Fund
Frontline Equity Fund
Pension Frontline Equity Fund
Kotak Opportunities Fund
Kotak Pension Opportunities Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
(12,378)
—
(1,929)
—
(66,072)
(113,524)
(469)
—
(42)
—
(22)
—
(240)
—
(533)
—
—
—
—
—
—
—
—
—
(12,420)
—
(1,951)
—
(66,312)
(113,524)
(1,002)
—
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
83
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures— Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Schedule: F – 4 — CURRENT LIABILITIES (Contd.) Particulars
Payable for Purchase of Investments Other Current Liabilities
Classic Opportunities Fund
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
(31,366)
—
(2,694)
—
(118,406)
(112,622)
(18,335)
—
(400)
—
(78)
—
(202)
—
(8)
—
—
—
—
—
—
—
—
—
(31,766)
—
(2,772)
—
(118,608)
(112,622)
(18,343)
—
Kotak Pension Floor Fund
Dynamic Floor Fund II
Pension Floor Fund II
Guarantee Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
(9,729)
—
(46,954)
—
(13,031)
—
(2,207)
—
Other Current Liabilities
—
—
(611)
—
(218)
—
(46)
—
Unit Payable a/c
—
—
—
—
—
—
—
—
(9,729)
—
(47,565)
—
(13,249)
—
(2,253)
—
Payable for Purchase of Investments
Total
Schedule: F – 4 — CURRENT LIABILITIES (Contd.) Particulars
Payable for Purchase of Investments Other Current Liabilities Unit Payable a/c Total
84
Kotak Group Dynamic Floor Fund
Schedule: F – 4 — CURRENT LIABILITIES (Contd.) Particulars
Dynamic Floor Fund
Current Year
Unit Payable a/c Total
Pension Classic Opportunities Fund
Pension Guarantee Fund
Peak Guarantee Fund I
Total
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
(8,127)
—
(5,116)
—
(1,352,901)
(955,642)
(179)
—
(170)
—
(6,962)
(67,934)
—
—
—
—
—
—
(8,306)
—
(5,286)
—
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
(1,359,863) (1,023,576)
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures - Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Break up of other expenses under ULIP Schedule: F – 5 — OTHER EXPENSES* Particulars
Kotak Guaranteed Money Market Fund Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Policy Administration charge
11
13
—
—
15
—
101
—
Surrender charge
—
11
—
—
—
—
—
—
Switching charge
—
—
—
—
—
—
—
—
8
10
—
—
7
—
—
—
Rider Premium charge
—
—
—
—
—
—
—
—
Partial withdrawal charge
—
—
—
—
—
—
—
—
Miscellaneous charge
—
—
—
—
2
—
17
—
Total
19
34
—
—
24
—
118
—
Schedule: F – 5 — OTHER EXPENSES* (Contd.) Particulars
Kotak Dynamic Gilt Fund
Kotak Pension Gilt Fund
Kotak Group Gilt Fund
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Policy Administration charge
220
102
4,113
2,679
7,137
2,358
—
—
Surrender charge
104
844
1,929
869
190
—
—
—
Switching charge
—
2
2
3
—
—
—
—
1,468
717
2,352
1,622
49
29
669
301
311
87
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Rider Premium charge Partial withdrawal charge Miscellaneous charge Total
96
67
4
3
4
2
—
29
2,199
1,819
8,400
5,176
7,380
2,389
669
330
Schedule: F – 5 — OTHER EXPENSES* (Contd.) Particulars
Kotak Dynamic Bond Fund
Gilt Fund
Kotak guaranteed Bond Fund
Kotak Pension Bond Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
2
—
589
91
3,671
1,924
11,550
2,191
Surrender charge
—
—
2
678
1,742
924
10
—
Switching charge
—
—
1
4
1
2
1
—
Policy Administration charge
1
—
3,144
1,044
2,436
1,081
76
15
Rider Premium charge
—
—
422
135
—
—
—
—
Partial withdrawal charge
—
—
—
—
—
—
—
—
Miscellaneous charge
—
—
137
78
52
4
4
1
3
—
4,295
2,030
7,902
3,935
11,641
2,207
Mortality charge
Total
Kotak guaranteed Gilt Fund
Current Year
Mortality charge
Pension Money Market Fund II
Money Market Fund
Current Year
Mortality charge
Kotak Group Money Market Fund
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
85
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures - Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Break up of other expenses under ULIP Schedule: F – 5 — OTHER EXPENSES* (Contd.) Particulars
Kotak Group Bond Fund Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Policy Administration charge
—
—
114
—
50
—
78
45
Surrender charge
—
—
—
—
—
—
141
132
Switching charge
—
—
—
—
—
—
2
—
6,683
944
91
—
—
—
1,106
806
Rider Premium charge
—
—
6
—
—
—
76
88
Partial withdrawal charge
—
—
—
—
—
—
—
—
Miscellaneous charge Total
9
—
—
—
—
43
31
953
211
—
50
—
1,446
1,102
Kotak guaranteed Floating Rate Fund
Kotak Pension Floating Rate Fund
Kotak Group Floating Rate Fund
Floating Rate Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Policy Administration charge
1,972
2,436
2,428
900
—
6
1
—
Surrender charge
3,001
4,072
82
—-
—
26
—
—
Switching charge
—
5
1
5
—
—
—
—
1,050
1,133
16
13
4,200
407
1
—
Rider Premium charge
—
—
—
—
—
—
1
—
Partial withdrawal charge
—
—
—
—
—
—
—
—
Mortality charge
Miscellaneous charge Total
8
7
1
1
—
7
—
—
6,031
7,653
2,528
919
4,200
446
3
—
Schedule: F – 5 — OTHER EXPENSES* (Contd.) Particulars
86
13 6,696
Schedule: F – 5 — OTHER EXPENSES* (Contd.) Particulars
Kotak Dynamic Floating Rate Fund
Current Year
Mortality charge
Pension Bond Fund II
Bond Fund
Kotak Group 36M FMP 02/01/2011
Kotak Group 12M FMP 28/03/2009
Kotak Group 36M FMP 12/09/2011
Kotak Group 11M FMP 06/10/2009
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Policy Administration charge
—
—
—
—
—
—
—
—
Surrender charge
—
—
—
—
—
—
—
—
Switching charge
—
—
—
—
—
—
—
—
Mortality charge
—
—
—
—
—
—
—
—
Rider Premium charge
—
—
—
—
—
—
—
—
Partial withdrawal charge
—
—
—
—
—
—
—
—
Miscellaneous charge
—
—
—
—
—
—
—
—
Total
—
—
—
—
—
—
—
—
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures - Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Break up of other expenses under ULIP Schedule: F – 5 — OTHER EXPENSES* (Contd.) Particulars
Kotak Group 60M FMP 27/11/2013
Kotak Dynamic Balanced Fund
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Policy Administration charge
—
—
—
—
—
—
457
413
Surrender charge
—
—
—
—
—
—
181
399
Switching charge
—
—
—
—
—
—
1
—
Mortality charge
—
—
—
—
—
—
1,637
1,456
Rider Premium charge
—
—
—
—
—
—
468
333
Partial withdrawal charge
—
—
—
—
—
—
—
—
Miscellaneous charge
—
—
—
—
—
—
494
418
Total
—
—
—
—
—
—
3,238
3,019
Schedule: F – 5 — OTHER EXPENSES* (Contd.) Kotak guaranteed Balanced Fund
Kotak Pension Balanced Fund
Kotak Group Balanced Fund
Balanced Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Policy Administration charge
24,274
15,455
105,586
122,972
—
203
10
—
Surrender charge
16,122
3,251
34,915
—
—
—
—
—
Switching charge
—
1
—
4
—
—
—
—
13,049
8,407
1,968
1,352
1,275
636
21
—
Rider Premium charge
—
—
—
—
—
—
4
—
Partial withdrawal charge
—
—
—
—
—
—
—
—
Mortality charge
140
76
84
63
21
65
—
—
53,585
27,190
142,553
124,391
1,296
904
35
—
Miscellaneous charge Total
Schedule: F – 5 — OTHER EXPENSES* (Contd.) Particulars
Kotak Group 59M FMP 08/12/2013
Current Year
Particulars
Kotak Group 50M FMP 27/02/2013
Pension Balanced Fund II
Kotak Dynamic Growth Fund
Kotak guaranteed Growth Fund
Kotak Pension Growth Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Policy Administration charge
18
—
3,140
3,732
341,151
449,163
6,722
409
Surrender charge
—
—
4,962
1,459
265,522
15,225
—
—
Switching charge
—
—
—
—
9
12
1
—
Mortality charge
—
—
6,184
5,882
166,159
185,231
—
—
Rider Premium charge
—
—
2,904
3,205
—
—
—
—
Partial withdrawal charge
—
—
—
—
—
—
—
—
Miscellaneous charge
—
—
971
1,006
1,084
829
—
—
Total
18
—
18,161
15,284
773,925
650,460
6,723
409
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
87
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures - Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Break up of other expenses under ULIP Schedule: F – 5 — OTHER EXPENSES* Particulars
Kotak Advantage Multiplier Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Policy Administration charge
—
—
20,130
22,798
—
—
—
—
Surrender charge
—
—
14,981
345
—
—
180
85
Switching charge
—
—
6
7
—
—
—
—
5
—
33,276
31,257
—
—
209
283
Rider Premium charge
—
—
18,735
18,003
—
—
—
—
Partial withdrawal charge
—
—
—
—
—
—
—
—
Miscellaneous charge
—
—
3,112
2,973
—
—
—
—
5
—
90,240
75,383
—
—
389
368
Schedule: F – 5 — OTHER EXPENSES* Particulars
Kotak Advantage Plus Fund
Kotak Advantage Fund
Kotak Advantage Multiplier Fund II
Kotak Advantage Plus Fund II
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
—
—
—
—
—
—
—
—
Surrender charge
8,183
5,199
157
—
231
—
5,756
—
Switching charge
—
—
—
—
—
—
—
—
Policy Administration charge
1,020
2,947
54
71
97
201
883
1,693
Rider Premium charge
—
—
—
—
—
—
—
—
Partial withdrawal charge
—
—
—
—
—
—
—
—
Mortality charge
Miscellaneous charge Total
—
—
—
—
—
—
—
—
9,203
8,146
211
71
328
201
6,639
1,693
Schedule: F – 5 — OTHER EXPENSES* Particulars
Frontline Equity Fund
Pension Frontline Equity Fund
Kotak Opportunities Fund
Kotak Pension Opportunities Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
232
—
137
—
68,279
2,702
677
—
Surrender charge
12
—
—
—
2
—
—
—
Switching charge
—
—
—
—
4
—
—
—
Policy Administration charge
248
—
—
—
61,319
2,382
—
—
Rider Premium charge
77
—
—
—
2,384
349
—
—
Partial withdrawal charge
—
—
—
—
—
—
—
—
—
—
—
—
—
2
—
—
569
—
137
—
131,988
5,435
677
—
Mortality charge
Miscellaneous charge Total
88
Kotak Group Aggressive Growth Fund
Previous Year
Total
Kotak Aggressive Growth Fund
Current Year
Mortality charge
Kotak Group Growth Fund
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25D. Unit Linked Disclosures - Schedules to Fund Revenue & Fund Balance Sheet Schedules to Fund Revenue Account Break up of other expenses under ULIP Schedule: F – 5 — OTHER EXPENSES* Particulars
Kotak Group Dynamic Floor Fund
Dynamic Floor Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
1,808
—
470
—
36,418
9,875
—
—
15
—
—
—
24,885
—
—
—
Switching charge
—
—
—
—
2
1
—
—
1,588
—
—
—
52,352
12,434
815
—
783
—
—
—
19,034
8,354
—
—
—
—
—
—
—
—
—
—
1
—
—
—
117
20
15
—
4,195
—
470
—
132,808
30,684
830
—
Mortality charge Rider Premium charge Partial withdrawal charge Miscellaneous charge Total
Schedule: F – 5 — OTHER EXPENSES* Particulars
Kotak Pension Floor Fund
Dynamic Floor Fund II
Pension Floor Fund II
Guarantee Fund
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
7,673
—
3,333
—
2,638
—
350
—
Surrender charge
—
—
22
—
—
—
—
—
Switching charge
—
—
2
—
—
—
—
—
Mortality charge
—
—
2,978
—
—
—
181
—
Rider Premium charge
—
—
882
—
—
—
—
—
Partial withdrawal charge
—
—
—
—
—
—
—
—
Miscellaneous charge
—
—
9
—
—
—
53
—
7,673
—
7,226
—
2,638
—
584
—
Policy Administration charge
Total
Pension Classic Opportunities Fund
Surrender charge
Policy Administration charge
Classic Opportunities Fund
Schedule: F – 5 — OTHER EXPENSES* Particulars
Pension Guarantee Fund
Peak Guarantee Fund I
Total
Current Year
Previous Year
Current Year
Previous Year
Current Year
Previous Year
1,441
—
362
—
657,364
640,468
Surrender charge
—
—
—
—
383,328
33,519
Switching charge
—
—
—
—
30
43
Mortality charge
—
—
276
—
368,950
262,352
Rider Premium charge
—
—
—
—
46,086
30,554
Partial withdrawal charge
—
—
—
—
—
—
357
—
—
—
6,840
5,691
1,798
—
638
—
1,462,599
972,627
Policy Administration charge
Miscellaneous charge Total
*Any expense which is 1% of the total expenses incurred should be disclosed as a separate line item. # Represents inter fund receivables or payables, if any
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
89
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures
Fund Performance of Unit Linked funds as on 31-03-2010 (Absolute Growth%) Sr. Fund Names No.
90
Year of Inception
*Returns 2010
2009
2008
2007
2006
2005
Inception
1
Kotak Guaranteed Money Market Fund
2003-04
9.12%
12.98%
10.51%
9.11%
6.28%
6.32%
72.84%
2
Kotak Group Money Market Fund
2003-04
8.81%
12.71%
10.40%
8.95%
6.10%
6.32%
190.28%
3
Kotak Dynamic Gilt Fund
2003-04
6.06%
12.16%
8.46%
3.67%
4.72%
4.16%
50.77%
4
Kotak Guaranteed Gilt Fund
2003-04
5.77%
11.68%
8.49%
4.09%
4.69%
4.16%
50.35%
5
Kotak Pension Gilt Fund
2003-04
5.83%
12.42%
10.34%
3.90%
4.72%
4.16%
53.78%
6
Kotak Group Gilt Fund
2003-04
6.50%
12.94%
8.69%
4.66%
4.71%
4.16%
43.93%
7
Kotak Dynamic Balanced Fund
2003-04
36.85%
-19.14%
20.15%
10.81%
38.17%
9.76%
191.98%
8
Kotak Guaranteed Balanced Fund
2003-04
23.11%
-13.06%
17.52%
9.12%
35.45%
9.76%
166.69%
9
Kotak Pension Balanced Fund
2003-04
22.64%
-12.57%
18.12%
10.37%
35.28%
9.76%
171.27%
10
Kotak Group Balanced Fund
2003-04
34.88%
-18.75%
21.03%
11.32%
37.04%
9.76%
0.00%
11
Kotak Dynamic Growth Fund
2003-04
44.21%
-27.25%
22.00%
11.61%
46.93%
12.02%
233.63%
12
Kotak Guaranteed Growth Fund
2003-04
26.22%
-20.41%
19.54%
9.93%
45.39%
12.02%
205.12%
13
Kotak Dynamic Bond Fund
2004-05
9.35%
14.68%
11.40%
5.36%
4.41%
NA
60.52%
14
Kotak Guaranteed Bond Fund
2004-05
9.68%
13.83%
10.99%
5.86%
4.42%
NA
59.98%
15
Kotak Pension Bond Fund
2004-05
9.58%
15.12%
11.13%
5.47%
4.36%
NA
61.17%
16
Kotak Group Bond Fund
2004-05
11.59%
14.52%
11.63%
5.13%
4.46%
NA
54.24%
17
Kotak Dynamic Floating Rate Fund
2004-05
4.82%
8.92%
7.58%
7.05%
4.98%
NA
41.01%
18
Kotak Guaranteed Floating Rate Fund
2004-05
4.90%
9.07%
7.41%
7.20%
5.03%
NA
41.35%
19
Kotak Pension Floating Rate Fund
2004-05
4.67%
9.07%
7.89%
7.10%
5.08%
NA
41.61%
20
Kotak Group Floating Rate Fund
2004-05
5.33%
9.39%
8.11%
7.58%
5.14%
NA
71.22%
21
Kotak Aggressive Growth Fund
2004-05
74.61%
-33.89%
25.43%
13.49%
71.27%
NA
228.70%
22
Kotak Advantage Multiplier Fund
2005-06
19.10%
-2.33%
5.33%
0.76%
NA
NA
29.51%
23
Kotak Advantage Plus Fund
2005-06
17.83%
-0.69%
5.00%
1.24%
NA
NA
29.23%
24
Kotak Advantage Fund
2005-06
NA
0.67%
10.20%
1.88%
NA
NA
29.74%
25
Kotak Advantage Multiplier Fund II
2006-07
19.07%
-2.52%
5.84%
NA
NA
NA
29.47%
26
Kotak Advantage Plus Fund II
2006-07
17.37%
-0.69%
5.68%
NA
NA
NA
29.49%
27
Dynamic Floor Fund
2006-07
22.34%
9.97%
19.16%
NA
NA
NA
60.41%
28
Kotak Group 36M FMP 02/01/2011
2007-08
8.32%
11.54%
NA
NA
NA
NA
97.21%
29
Kotak Group 12M FMP 28/03/2009
2007-08
NA
NA
NA
NA
NA
NA
22.20%
30
Kotak Group Growth Fund
2007-08
NA
-30.31%
NA
NA
NA
NA
63.63%
31
Kotak Group Agressive Growth Fund
2007-08
NA
10.67%
NA
NA
NA
NA
22.82%
32
Kotak Group 36M FMP 12/09/2011
2008-09
8.84%
NA
NA
NA
NA
NA
9.58%
33
Kotak Group 11M FMP 06/10/2009
2008-09
NA
NA
NA
NA
NA
NA
21.13%
34
Kotak Group 60M FMP 27/11/2013
2008-09
10.61%
NA
NA
NA
NA
NA
10.13%
35
Kotak Group 50M FMP 27/02/2013
2008-09
9.61%
NA
NA
NA
NA
NA
23.67%
36
Kotak Group 59M FMP 08/12/2013
2008-09
9.88%
NA
NA
NA
NA
NA
14.58%
37
Kotak Pension Growth Fund
2008-09
26.48%
NA
NA
NA
NA
NA
91.69%
38
Kotak Opportunities Fund
2008-09
92.99%
NA
NA
NA
NA
NA
15.18%
39
Money Market Fund
2009-10
NA
NA
NA
NA
NA
NA
0.00%
40
Pension Money Market Fund II
2009-10
NA
NA
NA
NA
NA
NA
0.67%
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Fund Performance of Unit Linked funds as on 31-03-2010 (Absolute Growth%) Sr. Fund Names No. 41
Gilt Fund
Year of Inception
*Returns 2010
2009
2008
2007
2006
2005
Inception
2009-10
NA
NA
NA
NA
NA
NA
0.93%
42
Bond Fund
2009-10
NA
NA
NA
NA
NA
NA
0.55%
43
Pension Bond Fund II
2009-10
NA
NA
NA
NA
NA
NA
1.29%
44
Floating Rate Fund
2009-10
NA
NA
NA
NA
NA
NA
1.01%
45
Balanced Fund
2009-10
NA
NA
NA
NA
NA
NA
0.54%
46
Pension Balanced Fund II
2009-10
NA
NA
NA
NA
NA
NA
4.01%
47
Frontline Equity Fund
2009-10
NA
NA
NA
NA
NA
NA
1.77%
48
Pension Frontline Equity Fund
2009-10
NA
NA
NA
NA
NA
NA
1.07%
49
Kotak Pension Opportunities Fund
2009-10
NA
NA
NA
NA
NA
NA
7.38%
50
Classic Opportunities Fund
2009-10
NA
NA
NA
NA
NA
NA
9.83%
51
Pension Classic Opportunities Fund
2009-10
NA
NA
NA
NA
NA
NA
4.12%
52
Kotak Group Dynamic Floor Fund
2009-10
NA
NA
NA
NA
NA
NA
6.80%
53
Kotak Pension Floor Fund
2009-10
NA
NA
NA
NA
NA
NA
61.15%
54
Dynamic Floor Fund II
2009-10
NA
NA
NA
NA
NA
NA
5.63%
55
Pension Floor Fund II
2009-10
NA
NA
NA
NA
NA
NA
1.37%
56
Guarantee Fund
2009-10
NA
NA
NA
NA
NA
NA
0.12%
57
Pension Guarantee Fund
2009-10
NA
NA
NA
NA
NA
NA
5.25%
58
Peak Guarantee Fund I
2009-10
NA
NA
NA
NA
NA
NA
0.74%
Note: NA represents non existence of the fund in the respective year. Kotak Advantage Fund, Kotak Group Growth Fund, Kotak Group Agressive Growth Fund, Kotak Group 11M FMP 06/10/2009 the funds have ceased to exist in year 2009-10 and in case of Kotak Group 12M FMP 28/03/2009, the fund has ceased to exist in 2008-09.
*All are absolute returns
DISCLOSURES FOR ULIP BUSINESS
(A) Investment Management
Activities outsourced
o Investment Advisory Services with Kotak Mahindra Asset Management Company Limited till December 2009
o Custody of Equity & Debt securities with Deutsche Bank
Fees paid for various activities
Investment Advisory fees to Kotak Mahindra Asset Management Company Limited – Rs. 39,000 (2009-Rs. 37,800) debited to Shareholder fund Custody fees – Rs. 7,131 (2009-Rs. 9,672)
o Basis of payment of fees
Investment Advisory fees – Rs. 4,000 p.m. for the period Apr. to Sep. 2009 and Rs. 5,000 p.m. for the period Oct. to Dec. 2010 i.e. Rs. 39,000 p.a. (Investment Advisory fees – Rs. 3,400 p.m. for the period Apr. to Sep. 2008 and Rs. 2,900 p.m. for the period Oct. to Mar. 2009 i.e. Rs. 37,800 p.a.)
2010
Custody fees – For the current year and the previous year the custodian fees are paid on the basis of a fixed percentage of the value of the debt and equity investments.
(B) There are no Unclaimed redemption of Units During the year
(C) None of the Assets of the fund has been considered as doubtful and hence no provision for Doubtful debt has been made during the year.
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
91
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Statement Showing Receipts and Payments made to Related Parties Sr. Related Parties No.
92
Kotak Securities – Brokerage Paid*
Kotak Mahindra Prime Ltd. – Interest Income earned
Kotak Mahindra Bank Ltd. – FD Interest Income earned
1
Kotak Guaranteed Money Market Fund
—
—
—
2
Kotak Group Money Market Fund
—
—
—
3
Money Market Fund
—
—
—
4
Pension Money Market Fund II
—
—
—
5
Kotak Dynamic Gilt Fund
—
—
—
6
Kotak Guaranteed Gilt Fund
—
—
—
7
Kotak Pension Gilt Fund
—
—
—
8
Kotak Group Gilt Fund
—
—
—
9
Gilt Fund
—
—
—
10
Kotak Dynamic Bond Fund
—
349
—
11
Kotak Guaranteed Bond Fund
—
398
—
12
Kotak Pension Bond Fund
—
383
—
13
Kotak Group Bond Fund
—
1,598
—
14
Bond Fund
—
—
—
15
Pension Bond Fund II
—
—
—
16
Kotak Dynamic Floating Rate Fund
—
—
—
17
Kotak Guaranteed Floating Rate Fund
—
—
—
18
Kotak Pension Floating Rate Fund
—
—
—
19
Kotak Group Floating Rate Fund
—
—
—
20
Floating Rate Fund
—
—
—
21
Kotak Group 36M FMP 02/01/2011
—
—
—
22
Kotak Group 12M FMP 28/03/2009
—
—
—
23
Kotak Group 36M FMP 12/09/2011
—
—
—
24
Kotak Group 11M FMP 06/10/2009
—
—
—
25
Kotak Group 60M FMP 27/11/2013
—
—
—
26
Kotak Group 50M FMP 27/02/2013
—
—
—
27
Kotak Group 59M FMP 08/12/2013
—
—
—
28
Kotak Dynamic Balanced Fund
102
66
—
29
Kotak Guaranteed Balanced Fund
363
1,656
1,683
30
Kotak Pension Balanced Fund
1,015
4,105
831
31
Kotak Group Balanced Fund
424
279
—
32
Balanced Fund
1
—
—
33
Pension Balanced Fund II
1
—
—
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Statement Showing Receipts and Payments made to Related Parties Sr. Related Parties No. 34
Kotak Dynamic Growth Fund
35
Kotak Guaranteed Growth Fund
36
Kotak Mahindra Prime Ltd. – Interest Income earned
Kotak Mahindra Bank Ltd. – FD Interest Income earned
424
115
—
5,403
19,687
1
Kotak Pension Growth Fund
47
—
—
37
Kotak Group Growth Fund
2
—
—
38
Kotak Aggressive Growth Fund
2,384
108
413
39
Kotak Group Agressive Growth Fund
1
—
—
40
Kotak Advantage Multiplier Fund
74
25
104
41
Kotak Advantage Plus Fund
860
4
198
42
Kotak Advantage Fund
43
Kotak Advantage Multiplier Fund II
44
Kotak Advantage Plus Fund II
45
Frontline Equity Fund
46
Pension Frontline Equity Fund
47
Kotak Opportunities Fund
48
Kotak Pension Opportunities Fund
49
Classic Opportunities Fund
50
Pension Classic Opportunities Fund
51
Dynamic Floor Fund
52
Kotak Group Dynamic Floor Fund
53
4
—
8
59
14
85
759
284
67
88
—
—
9
—
—
3,816
8
—
27
—
—
261
—
—
26
—
—
4,570
970
—
22
2
—
Kotak Pension Floor Fund
167
—
—
54
Dynamic Floor Fund II
251
84
—
55
Pension Floor Fund II
50
—
—
56
Guarantee Fund
44
—
—
57
Pension Guarantee Fund
44
—
—
58
Peak Guarantee Fund I
17
—
—
21,314
30,135
3,391
Grand Total *
Kotak Securities – Brokerage Paid*
Brokerage paid is inclusive of Service tax
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
93
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Statement Showing Company wise Details of Investments held in Promoter Group Sr. Fund name No.
Kotak Mahindra Bank Ltd. — FD
Kotak Mahindra Mutual Fund — MFU
Amount
Percentage
Amount
Percentage
Amount
Percentage
1 Kotak Guaranteed Money Market Fund
—
—
—
—
—
—
2 Kotak Group Money Market Fund
—
—
—
—
—
—
3 Money Market Fund
—
—
—
—
—
—
4 Pension Money Market Fund II
—
—
—
—
—
—
5 Kotak Dynamic Gilt Fund
—
—
—
—
619
0.42%
6 Kotak Guaranteed Gilt Fund
—
—
—
—
2,212
0.61%
7 Kotak Pension Gilt Fund
—
—
—
—
600
0.29%
8 Kotak Group Gilt Fund
—
—
—
—
442
0.52%
9 Gilt Fund
—
—
—
—
—
—
10 Kotak Dynamic Bond Fund
—
—
7,025
2.96%
2,608
1.10%
11 Kotak Guaranteed Bond Fund
—
—
5,018
1.54%
2,733
0.84%
12 Kotak Pension Bond Fund
—
—
8,028
2.17%
4,145
1.12%
13 Kotak Group Bond Fund
—
—
30,105
2.18%
7,982
0.58%
14 Bond Fund
—
—
—
—
—
—
15 Pension Bond Fund II
—
—
—
—
—
—
16 Kotak Dynamic Floating Rate Fund
—
—
—
—
573
0.54%
17 Kotak Guaranteed Floating Rate Fund
—
—
—
—
1,651
0.61%
18 Kotak Pension Floating Rate Fund
—
—
—
—
344
0.36%
19 Kotak Group Floating Rate Fund
—
—
—
—
357
0.25%
20 Floating Rate Fund
—
—
—
—
—
—
21 Kotak Group 36M FMP 02/01/2011
—
—
—
—
—
—
22 Kotak Group 12M FMP 28/03/2009
—
—
—
—
—
—
23 Kotak Group 36M FMP 12/09/2011
—
—
—
—
—
—
24 Kotak Group 11M FMP 06/10/2009
—
—
—
—
—
—
25 Kotak Group 60M FMP 27/11/2013
—
—
—
—
—
—
26 Kotak Group 50M FMP 27/02/2013
—
—
—
—
—
—
27 Kotak Group 59M FMP 08/12/2013
—
—
—
—
—
—
28 Kotak Dynamic Balanced Fund
—
—
—
—
265
0.11%
17,711
0.99%
—
—
4,892
0.27%
8,752
0.15%
30,084
0.50%
7,854
0.13%
—
—
—
—
36,335
2.93%
29 Kotak Guaranteed Balanced Fund 30 Kotak Pension Balanced Fund 31 Kotak Group Balanced Fund
94
Kotak Mahindra Prime Ltd. — NCD
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Statement Showing Company wise Details of Investments held in Promoter Group Sr. Fund name No.
Kotak Mahindra Mutual Fund — MFU
Percentage
Amount
Percentage
Amount
Percentage
32 Balanced Fund
—
—
—
—
—
—
33 Pension Balanced Fund II
—
—
—
—
—
—
34 Kotak Dynamic Growth Fund
—
—
—
—
—
—
35 Kotak Guaranteed Growth Fund
98
0.00%
338,144
1.46%
13,107
0.06%
36 Kotak Pension Growth Fund
—
—
—
—
800
0.32%
37 Kotak Group Growth Fund
—
—
—
—
—
—
4,350
0.12%
—
—
7,992
0.22%
—
—
—
—
—
—
40 Kotak Advantage Multiplier Fund
1,097
1.60%
—
—
311
0.46%
41 Kotak Advantage Plus Fund
2,081
0.31%
—
—
5,292
0.79%
—
—
—
—
—
—
43 Kotak Advantage Multiplier Fund II
897
1.94%
—
—
62
0.13%
44 Kotak Advantage Plus Fund II
708
0.14%
—
—
4,319
0.82%
45 Frontline Equity Fund
—
—
—
—
1,982
1.18%
46 Pension Frontline Equity Fund
—
—
—
—
233
1.15%
47 Kotak Opportunities Fund
—
—
—
—
5,200
0.14%
48 Kotak Pension Opportunities Fund
—
—
—
—
108
0.24%
49 Classic Opportunities Fund
—
—
—
—
134
0.02%
50 Pension Classic Opportunities Fund
—
—
—
—
161
0.23%
51 Dynamic Floor Fund
—
—
24,525
0.61%
1,320
0.03%
52 Kotak Group Dynamic Floor Fund
—
—
—
—
498
0.26%
53 Kotak Pension Floor Fund
—
—
—
—
809
0.15%
54 Dynamic Floor Fund II
—
—
8,111
0.53%
3,988
0.26%
55 Pension Floor Fund II
—
—
—
—
2,212
0.64%
56 Guarantee Fund
—
—
—
—
2,726
1.65%
57 Pension Guarantee Fund
—
—
—
—
3,408
0.98%
58 Peak Guarantee Fund I
—
—
—
—
2,045
1.25%
35,695
0.07%
451,039
0.24%
130,320
0.83%
39 Kotak Group Agressive Growth Fund
42 Kotak Advantage Fund
Grand Total*
Kotak Mahindra Prime Ltd. — NCD
Amount
38 Kotak Aggressive Growth Fund
Kotak Mahindra Bank Ltd. — FD
*
This amount represents total exposure to promoter group as a percentage of total fund size
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
95
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Kotak Guaranteed Money Market Fund
% of Total Funds
364 Days T Bill - 08.10.2010
2,272
99.99%
Total
2,272
99.99%
Government of India
Others Net Assets
—
0.01%
2,272
100.00%
Kotak Group Money Market Fund
% of Total Funds
364 Days T Bill - 08.10.2010
59
99.27%
Total
59
99.27%
Grand Total Industry
Government of India
Others Net Assets
—
0.73%
Grand Total
59
100.00%
Money Market Fund
% of Total Funds
364 Days T Bill - 08.10.2010
1,877
23.18%
Total
1,877
23.18%
Industry Government of India
Monetary intermediation of commercial banks, saving banks and discount houses 310
3.83%
Bank of India CD - 11.03.2011
186
2.29%
Canara Bank CD - 08.03.2011
185
2.29%
Central Bank of India CD - 04.10.2010
270
3.34%
Corporation Bank CD - 21.02.2011
185
2.29%
Oriental Bank of Commerce CD 26.10.2010
184
2.28%
PNB CD - 15.07.2010
185
2.29%
State Bank of Bikaner & Jaipur CD 04.01.2011
185
2.29%
State Bank of Hyderabad CD 04.01.2011
185
2.29%
State Bank of Patiala CD - 15.11.2010
301
3.72%
2,179
26.91%
Others Net Assets
4,040
49.91%
Grand Total
8,095
100.00%
96
Government of India 364 Days T Bill - 08.10.2010 Total Monetary intermediation of commercial banks, saving banks and discount houses Bank of Baroda CD - 15.02.2011 Bank of India CD - 11.03.2011 Canara Bank CD - 08.03.2011 Canara Bank CD-10.05.2010 Central Bank of India CD - 04.10.2010 Corporation Bank CD - 21.02.2011 Oriental Bank of Commerce CD 20.08.2010 PNB CD - 15.07.2010 State Bank of Bikaner & Jaipur CD 04.01.2011 State Bank of Hyderabad CD 04.01.2011 State Bank of Patiala CD - 15.11.2010 Union Bank of India CD - 07.10.2010 Total Others Net Assets Grand Total Industry
Bank of Baroda CD - 15.02.2011
Total
Industry
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Government of India 10.25% GOI - 30.05.21 6.49% GOI - 08.06.2015 7% Oil Bond - 09.09.12 7.27% GOI - 03.09.13 7.40% GOI 2012 - 03.05.12 7.40% GOI 2035 - 09.09.35 7.47% OMC GOI Special Bond 07.03.12 7.59% GOI 2016 8.15% GOI FCI Bonds - 16.10.22 8.20% GOI - 15.02.22 8.20% OMC GOI -15.09.24 8.20% OMC GOI 2023-10.11.23 8.35% GOI - 14.05.22 Total
Pension Money Market Fund II
% of Total Funds
6,002 6,002
29.84% 29.84%
451 802 601 302 710 604
2.24% 3.99% 2.99% 1.50% 3.53% 3.00%
504 51
2.51% 0.25%
810
4.03%
810 908 486 7,040
4.03% 4.51% 2.42% 35.01%
7,069 20,110
35.15% 100.00%
Kotak Dynamic Gilt Fund
% of Total Funds
5,753 11,738 2,019 22,348 20,257 856
3.94% 8.04% 1.38% 15.31% 13.88% 0.59%
2,964 962 4,947 4,278 892 1,489 1,752
2.03% 0.66% 3.39% 2.93% 0.61% 1.02% 1.20%
80,252
54.98%
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Kotak Dynamic Gilt Fund
% of Total Funds
Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. 40,871
28.00%
Total
40,871
28.00%
Others
9,033
6.19%
1,890
1.29%
State Government Bonds/Development Loans
8,742
5.99%
Monetary intermediation of commercial banks, saving banks and discount houses
20,162
5.57%
Activities of Mutual Funds including Unit Trust of India
6,750
1.87%
12,998
3.59%
Net Assets
15,280
4.22%
361,863
100.00%
Kotak Pension Gilt Fund
% of Total Funds
10.25% GOI - 30.05.21
5,177
2.47%
6.49% GOI - 08.06.2015
10,746
5.14%
7% Oil Bond - 09.09.12
1,094
0.52%
7.27% GOI - 03.09.13
41,016
19.60%
7.40% GOI 2012 - 03.05.12
25,088
11.99%
7.40% GOI 2035 - 09.09.35
822
0.39%
21,488
10.27%
7.59% GOI 2016
2,404
1.15%
8.15% GOI FCI Bonds - 16.10.22
4,947
2.36%
8.20% GOI - 15.02.22
3,373
1.61%
Grand Total
Industry
5,188
3.55%
145,976
100.00%
Kotak Guaranteed Gilt Fund
% of Total Funds
10.25% GOI - 30.05.21
8,629
2.38%
6.49% GOI - 08.06.2015
18,718
5.17%
7% Oil Bond - 09.09.12
2,909
0.80%
7.27% GOI - 03.09.13
67,384
18.62%
7.40% GOI 2012 - 03.05.12
46,080
12.73%
7.40% GOI 2035 - 09.09.35
1,574
0.43%
19,219
5.31%
7.59% GOI 2016
9,618
2.66%
8.15% GOI FCI Bonds - 16.10.22
4,947
1.37%
8.20% OMC GOI -15.09.24
7,431
3.55%
Grand Total
Industry
Government of India
7.47% OMC GOI Special Bond 07.03.12
Government of India
7.47% OMC GOI Special Bond 07.03.12
8.20% GOI - 15.02.22
6,301
1.74%
8.20% OMC GOI 2023-10.11.23
3,716
1.78%
8.20% OMC GOI 2023-10.11.23
6,948
1.92%
8.35% GOI - 14.05.22
1,980
0.95%
8.35% GOI - 14.05.22
4,117
1.14%
196,442
54.29%
129,280
61.79%
7.18% FCI 2010
110,231
30.46%
7.18% FCI 2010
39,165
18.72%
Total
110,231
30.46%
Total
39,165
18.72%
Total Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles.
% of Total Funds
State Government Bonds/Development Loans
Activities of Mutual Funds including Unit Trust of India
Net Assets
Kotak Guaranteed Gilt Fund
Others
7.18% FCI 2010
Monetary intermediation of commercial banks, saving banks and discount houses
Industry
Total Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles.
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
97
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Kotak Pension Gilt Fund
% of Total Funds
10
0.00%
Bank of India CD - 11.03.2011
2,506
1.20%
Bank of India CD - 18.03.2011
2,504
1.20%
Oriental Bank of Commerce CD 22.10.2010
6,574
3.14%
State Bank of Hyderabad CD 04.01.2011
2,532
1.21%
State Bank of Mysore CD - 07.10.2010
2,436
Kotak Group Gilt Fund
% of Total Funds
7.18% FCI 2010
22,058
25.72%
Total
22,058
25.72%
Monetary intermediation of commercial banks, saving banks and discount houses
6,823
7.96%
1.16%
Activities of Mutual Funds including Unit Trust of India
1,350
1.57%
5,015
2.40%
21,578
10.31%
State Government Bonds/Development Loans
8,136
9.49%
Net Assets
2,562
2.99%
85,744
100.00%
Gilt Fund
% of Total Funds
45
5.78%
201
25.80%
91
11.75%
337
43.32%
7.18% FCI 2010
333
42.77%
Total
333
42.77%
Monetary intermediation of commercial banks, saving banks and discount houses
31
3.93%
Net Assets
78
9.98%
778
100.00%
Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles.
Monetary intermediation of commercial banks, saving banks and discount houses 10.50% SBI 12042007
State Bank of Travancore CD 09.03.2011 Total Others Activities of Mutual Funds including Unit Trust of India
Others
Grand Total 1,830
0.87%
State Government Bonds/Development Loans
9,297
4.44%
Net Assets
8,076
3.86%
209,226
100.00%
Grand Total
Industry
Industry Government of India
Industry
Kotak Group Gilt Fund
% of Total Funds
10.25% GOI - 30.05.21
1,726
2.01%
6.49% GOI - 08.06.2015
4,903
5.72%
Total
7% Oil Bond - 09.09.12
1,551
1.81%
7.27% GOI - 03.09.13
6,847
7.98%
7.40% GOI 2012 - 03.05.12
9,557
11.15%
Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles.
7.40% GOI 2035 - 09.09.35
Government of India
572
0.67%
7.47% OMC GOI Special Bond 07.03.12
1,528
1.78%
7.56% GOI 2014 - 03.11.14
8,735
10.19%
7.59% GOI 2016
1,924
2.24%
8.15% GOI FCI Bonds - 16.10.22
4,947
5.77%
8.20% GOI - 15.02.22
1,864
2.17%
8.35% GOI - 14.05.22
663
0.77%
44,816
52.27%
Total
98
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
6.35% GOI 2020 - 02.01.20 7.27% GOI - 03.09.13 7.59% GOI 2016
Others
Grand Total
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Kotak Dynamic Bond Fund
% of Total Funds
Monetary intermediation of commercial banks, saving banks and discount houses
8.50% Exim Bank Bonds 2011
Kotak Dynamic Bond Fund
% of Total Funds
1,070
0.45%
8.95% IRFC Ltd - 10.03.2025
4,702
1.98%
8.95% PFC- 30.03.2015
5,075
2.14% 0.69%
8.80% PNB - 18.04.2012
1,032
0.44%
9.85% HDFC Bank 2019 - 17.03.2024
2,722
1.15%
9.00% Bajaj Auto Finance 02.11.2012
1,632
Bank of Baroda CD - 15.02.2011
4,012
1.69%
9.15% NABARD - 17.12.2010
4,876
2.06%
Central Bank of India CD - 04.10.2010
4,856
2.05%
9.25% PFC - 20.02.2012
2,592
1.09%
PNB CD - 12.08.2010
5,007
2.11%
9.32% HDFC - 17.12.12
State Bank of Bikaner & Jaipur CD 04.01.2011
5,779
2.44%
State Bank of Hyderabad CD 04.01.2011
5,065
2.14%
State Bank of Patiala CD - 15.11.2010
5,592
2.36%
State Bank of Travancore CD 09.03.2011
5,015
2.12%
39,079
16.49%
Total Activities of hire - purchase financing 10.00% IDFC -16.12.13
0.45%
10.25% HDFC 2012 - 29.05.12
841
0.35%
10.35% HDFC 2017 - 16.05.17
134
0.06%
2,946
1.24%
72
0.03%
11.50% REC - 26.11.13
8,495
3.58%
11.75% REC - 03.11.11
39
0.02%
12.40% Sundaram Fin - 02.08.10
130
0.05%
6.05% REC - 23.01.2014
787
0.33%
11.25% HDFC - 04.09.18
6.35% EXIM - 24.04.2010
2,501
1.06%
7.20% REC - 17.09.2010
2,507
1.06%
7.40% KMPL - 24.08.2010
7,025
2.96%
727
0.31%
7.60% HDFC - 08.12.17
2,362
1.00%
7.64% LIC Housing Finance26.02.2012
3,533
1.49%
7.80% Sundaram Finance 2011 28.07.2011
4,529
1.91%
8.5% LIC Housing Finance 9 June 11
1,377
0.58%
463
0.20%
7.45% IRFC - 27.04.2014
8.50% EXIM 2011 - 12.09.2011
608
0.26%
9.40% NHB - 17.12.2013
1,144
0.48%
9.50% Exim - 12.12.13
2,614
1.10%
62
0.03%
2,616
1.10%
10,411
4.39%
9.50% Nabard - 15.10.12
7,654
3.23%
9.68% IRFC - 03.07.10
6,166
2.60%
9.50% HDFC - 27.02.13 9.50% HDFC - 28.02.2013 9.50% LIC Housing Finance 18.02.2012
HDFC Ltd ZCB - 09.03.2012 1,057
10.90% REC - 30.09.13
Industry
3,493
1.47%
94,238
39.77%
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699)
10,187
4.30%
Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils)
8,954
3.78%
Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi-trailers
4,431
1.87%
Total Others
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
99
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Generation and transmission of electricity: atomic reactor power plants Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Provision of basic telecom services: telephone, telex and telegraph (includes the activities of STD/ISD booths)
Kotak Dynamic Bond Fund
6,679
2.82%
Industry
10,880
4.59%
5,172
2.18%
2,517
1.06%
1.83%
Activities of Mutual Funds including Unit Trust of India
7,960
0.32%
7,644
2.34%
3,955
1.21%
Bank of Baroda CD - 15.02.2011
9,529
2.92%
Central Bank of India CD - 04.10.2010
4,856
1.49%
Oriental Bank of Commerce CD 22.10.2010
5,057
1.55%
PNB CD - 12.08.2010
7,511
2.30%
State Bank of Bikaner & Jaipur CD 04.01.2011
3,044
0.93%
State Bank of Hyderabad CD 04.01.2011
2,531
0.78%
State Bank of Patiala CD - 15.11.2010
5,073
1.55%
State Bank of Travancore CD 09.03.2011
7,522
2.30%
57,752
17.67%
1,902
0.58%
162
0.05%
Activities of hire - purchase financing 10.25% HDFC 2012 - 29.05.12
511
1,032
9.15% SBP Perpetual Bond
10.00% IDFC -16.12.13
3,130
% of Total Funds
9.85% HDFC Bank 2019 - 17.03.2024
Total 4,342
Kotak Guaranteed Bond Fund
Monetary intermediation of commercial banks, saving banks and discount houses 8.80% PNB - 18.04.2012
Activities of housing finance companies. (Granting of credit for house purchase by specialised institutions that do not also take deposits is included here)
Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.)
% of Total Funds
10.90% REC - 30.09.13
5,543
1.70%
11.50% REC - 26.11.13
14,170
4.34%
1.32%
11.75% REC - 03.11.11
88
0.03%
6.05% REC - 23.01.2014
1,180
0.36%
3.36%
6.35% EXIM - 24.04.2010
2,501
0.77%
7.20% REC - 17.09.2010
2,507
0.77%
7.24% LIC Housing Finance 23.06.2011
1,002
0.31%
7.40% KMPL - 24.08.2010
5,018
1.54%
969
0.30%
0.22%
Production, supply and documentation of ready-made (non-customized) software
2,670
1.13%
7.60% HDFC - 08.12.17
2,362
0.72%
Government of India
8,374
3.53%
7.64% LIC Housing Finance26.02.2012
6,057
1.85%
7.80% Sundaram Finance 2011 28.07.2011
9,058
2.77%
211
0.06%
2,610
0.80%
State Government Bonds/Development Loans Net Assets Grand Total
100
7.45% IRFC - 27.04.2014
7,993
3.37%
19,872
8.39%
236,990
100.00%
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
8.28 IDFC 2011 8.35% REC - 04.09.2014
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Kotak Guaranteed Bond Fund
% of Total Funds
3,124
0.96%
8.50% EXIM 2011 - 12.09.2011
764
0.23%
8.50% Exim Bank Bonds 2011
856
0.26%
8.5% LIC Housing Finance 9 June 11
8.95% IRFC Ltd- 10.03.2025
7,067
2.16%
8.95% PFC- 30.03.2015
5,075
1.55%
9.15% NABARD - 17.12.2010
4,876
1.49%
9.25% PFC - 20.02.2012
3,111
0.95%
9.32% HDFC - 17.12.12
339
0.10%
9.40% NHB - 17.12.2013
1,156
0.35%
9.50% Exim - 12.12.13
5,228
1.60%
9.50% HDFC - 27.02.13
97
0.03%
2,616
0.80%
9.50% LIC Housing Finance 18.02.2012
10,411
3.19%
9.50% Nabard - 15.10.12
14,350
4.39%
8,069
2.47%
9.50% HDFC - 28.02.2013
9.68% IRFC - 03.07.10 HDFC Ltd ZCB - 09.03.2012 Total
11,270
3.45%
133,749
40.93%
Others Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers
19,024
21,147
5.82%
6.47%
Industry
Kotak Guaranteed Bond Fund
% of Total Funds
Generation and transmission of electricity: atomic reactor power plants
7,224
2.21%
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c.
6,798
2.08%
Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis]
2,586
0.79%
Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles
2,517
0.77%
326
0.10%
Activities of housing finance companies. (Granting of credit for house purchase by specialised institutions that do not also take deposits is included here)
4,695
1.44%
Activities of Mutual Funds including Unit Trust of India
8,340
2.55%
800
0.24%
2,670
0.82%
21,322
6.52%
Provision of basic telecom services: telephone, telex and telegraph (includes the activities of STD/ISD booths)
Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66) Production, supply and documentation of ready-made (non-customized) software Government of India State Government Bonds/Development Loans Net Assets
6,336
1.94%
Grand Total
6,997
2.14%
24,537
7.51%
326,821
100.00%
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
101
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Kotak Pension Bond Fund
% of Total Funds
Industry
8.50% Exim Bank Bonds 2011
Monetary intermediation of commercial banks, saving banks and discount houses
Kotak Pension Bond Fund
% of Total Funds
1,070
0.29%
8.95% IRFC Ltd- 10.03.2025
8,716
2.36%
8.95% PFC- 30.03.2015
7,613
2.06%
8.80% PNB - 18.04.2012
1,032
0.28%
9.15% SBP Perpetual Bond
7,644
2.07%
9.00% Bajaj Auto Finance 02.11.2012
7,649
2.07%
9.15% NABARD - 17.12.2010
7,314
1.98%
9.85% HDFC Bank 2019 - 17.03.2024
4,965
1.34%
Central Bank of India CD - 04.10.2010
4,856
1.31%
9.25% PFC - 20.02.2012
3,629
0.98%
9.32% HDFC - 17.12.12
37
0.01%
871
0.24%
5,228
1.41%
11
0.00%
2,616
0.71%
20,822
5.63%
6,649
1.80%
Oriental Bank of Commerce CD 22.10.2010
2,528
0.68%
9.40% NHB - 17.12.2013
PNB CD - 12.08.2010
8,012
2.17%
9.50% Exim - 12.12.13 9.50% HDFC - 27.02.13
State Bank of Bikaner & Jaipur CD 04.01.2011
5,068
1.37%
9.50% HDFC - 28.02.2013
State Bank of Hyderabad CD 04.01.2011
2,531
0.69%
9.50% LIC Housing Finance 18.02.2012
State Bank of Patiala CD - 15.11.2010
8,929
2.41%
State Bank of Travancore CD 09.03.2011 Total
9.65% NABARD - 12.03.12 7,522
2.03%
53,086
14.36%
10.25% HDFC 2012 - 29.05.12
0.41%
28
0.01% 2.13%
10.90% REC - 30.09.13
7,886 5,808
1.57%
11.75% REC - 03.11.11
21
0.01%
14,390
3.89%
6.05% REC - 23.01.2014
2,639
0.71%
6.35% EXIM - 24.04.2010
2,501
0.68%
7.20% REC - 17.09.2010
2,507
0.68%
7.24% LIC Housing Finance 23.06.2011
1,002
0.27%
7.40% KMPL - 24.08.2010
8,028
2.17%
581
0.16%
7.60% HDFC - 08.12.17
3,779
1.02%
7.64% LIC Housing Finance26.02.2012
5,047
1.36%
386
0.10%
7.45% IRFC - 27.04.2014
8.28 IDFC 2011 8.35% REC - 04.09.2014
2,997
0.81%
8.5% LIC Housing Finance 9 June 11
645
0.17%
8.50% EXIM 2011 - 12.09.2011
489
0.13%
102
HDFC Ltd ZCB - 09.03.2012
20
0.01%
1,322
0.36%
6,523
1.76%
140,331
37.95%
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699)
24,223
6.55%
Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils)
25,175
6.81%
4,929
1.33%
Others 1,506
11.50% REC - 26.11.13 12.40% Sundaram Fin - 02.08.10
9.68% IRFC - 03.07.10 Total
Activities of hire - purchase financing 10.00% IDFC -16.12.13
9.50% Nabard - 15.10.12
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-theroad tractors for semi - trailers
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Generation and transmission of electricity: atomic reactor power plants Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Provision of basic telecom services: telephone, telex and telegraph (includes the activities of STD/ISD booths) Activities of housing finance companies. (Granting of credit for house purchase by specialised institutions that do not also take deposits is included here) Activities of Mutual Funds including Unit Trust of India Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) Production, supply and documentation of ready-made (non-customized) software Government of India State Government Bonds/Development Loans Net Assets Grand Total
Kotak Pension Bond Fund
% of Total Funds
7,224
1.95%
9,120
5,172
7,261
Industry
Kotak Group Bond Fund
% of Total Funds
8.80% PNB - 18.04.2012
5,158
0.37%
9.15% SBP Perpetual Bond
3,100
0.22%
9.20% BOB Perpetual Bond09.10.2019
67,066
4.86%
9.85% HDFC Bank 2019 - 17.03.2024
13,820
1.00%
Bank of Baroda CD - 15.02.2011
26,580
1.93%
Bank of Baroda CD - 24.09.2010
20,003
1.45%
Monetary intermediation of commercial banks, saving banks and discount houses
2.47%
1.40%
1.96%
Central Bank of India CD - 04.10.2010
7,284
0.53%
Oriental Bank of Commerce CD 22.10.2010
5,057
0.37%
PNB CD - 12.08.2010
5,007
0.36%
State Bank of Bikaner & Jaipur CD 04.01.2011
20,270
1.47%
State Bank of Patiala CD - 15.11.2010
13,697
0.99%
State Bank of Travancore CD 09.03.2011 Total
5,428
1.47%
12,650
0.71% 3.42%
10.00% IDFC -16.12.13
5,283
0.38%
10.25% HDFC 2012 - 29.05.12
2,389
0.17%
10.90% REC - 30.09.13 11.25% HDFC - 04.09.18 11.50% REC - 26.11.13 11.75% REC - 03.11.11 12.40% Sundaram Fin - 02.08.10
3,327
0.90%
2,670
0.72%
28,034
7.58%
7,993
2.16%
30,578
8.27%
369,807
100.00%
2.18% 15.74%
Activities of hire - purchase financing
10.75% PFC - 15.07.2011 2,609
30,090 217,133
4,733
0.34%
21,906
1.59%
340
0.02%
19,247
1.39%
369
0.03%
28,327
2.05%
6.05% REC - 23.01.2014
5,508
0.40%
6.35% EXIM - 24.04.2010
2,501
0.18%
7.20% REC - 17.09.2010
5,014
0.36%
7.24% LIC Housing Finance 23.06.2011
5,012
0.36%
7.40% KMPL - 24.08.2010
30,105
2.18%
7.45% IRFC - 27.04.2014
2,422
0.18%
7.60% HDFC - 08.12.17
4,723
0.34%
30,284
2.19%
7.64% LIC Housing Finance26.02.2012
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
103
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry 7.70% REC - 02.06.2014 7.80% Sundaram Finance 2011 28.07.2011 8.28 IDFC 2011 8.33% Bajaj Auto Finance 19.08.2011
Kotak Group Bond Fund
% of Total Funds
7,766
0.56%
14,594
1.06%
2,880
0.21%
48,304
3.50%
8.35% REC - 04.09.2014
4,640
0.34%
8.49% IRFC - 30.03.2014
28,882
2.09%
8.5% LIC Housing Finance 9 June 11
5,781
0.42%
8.50% EXIM 2011 - 12.09.2011
4,429
0.32%
8.50% Exim Bank Bonds 2011
4,813
0.35%
29,547
2.14%
101,507
7.36%
8.95% IRFC Ltd- 10.03.2025 8.95% PFC- 30.03.2015 9.00% Bajaj Auto Finance 02.11.2012
13,695
0.99%
9.07% REC - 28.02.2018
50,778
3.68%
9.15% NABARD - 17.12.2010
33,820
2.45%
9,332
0.68%
9.25% PFC - 20.02.2012 9.32% HDFC - 17.12.12
1,035
0.08%
9.40% NHB - 17.12.2013
13,102
0.95%
9.50% Exim - 12.12.13
10,457
0.76%
215
0.02%
13,078
0.95%
9.50% HDFC - 27.02.13 9.50% HDFC - 28.02.2013 9.50% LIC Housing Finance 18.02.2012
20,822
1.51%
9.50% Nabard - 15.10.12
23,359
1.69%
9.65% NABARD - 12.03.12
11,249
0.82%
9.68% IRFC - 03.07.10
23,588
1.71%
HDFC Ltd ZCB - 09.03.2012
30,860
2.24%
676,699
49.04%
Total Others Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils)
104
38,181
60,421
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
2.77%
4.38%
Industry Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers Generation and transmission of electricity: atomic reactor power plants Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Activities of housing finance companies. (Granting of credit for house purchase by specialised institutions that do not also take deposits is included here) Activities of Mutual Funds including Unit Trust of India Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) Production, supply and documentation of ready-made (non-customized) software Government of India State Government Bonds/Development Loans Net Assets Grand Total
Kotak Group Bond Fund
% of Total Funds
5,972
0.43%
28,897
2.09%
113,611
8.23%
5,172
0.37%
20,137
1.46%
31,302
2.27%
24,360
1.77%
3,185
0.23%
5,340 32,017
0.39% 2.32%
16,992 100,453
1.23% 7.28%
1,379,873
100.00%
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Bond Fund
% of Total Funds
Activities of hire - purchase financing 10% NABARD - 18.06.10
934
1.23% 3.06%
10.90% REC - 30.09.13
481
0.64%
11.50% REC - 26.11.13
297
0.39%
2,317
3.06%
6.45% EXIM Bank - 15.12.2012
997
1.32%
6.90% NHB P-C - 30.10.2012
982
1.30%
8.33% Bajaj Auto Finance 19.08.2011
4,589
6.06%
8.5% LIC Housing Finance 9 June 11
2,347
3.10%
8.95% IRFC Ltd- 10.03.2025
2,050
2.71%
508
0.67%
12.40% Sundaram Fin - 02.08.10
8.95% PFC- 30.03.2015 9.07% REC - 28.02.2018
3,877
5.12%
9.35% ILFS - 22.10.10
2,407
3.18%
9.40% NHB - 17.12.2013
1,470
1.94%
9.68% IRFC - 03.07.10
2,400
3.17%
HDFC Ltd ZCB - 09.03.2012
1,806
2.39%
29,781
39.36%
Total Others Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers
Bond Fund
% of Total Funds
2,451
3.24%
936
1.24%
Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.]
2,464
3.26%
Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles.
5,390
7.12%
Monetary intermediation of commercial banks, saving banks and discount houses
5,885
7.78%
Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.)
2,315
3.06%
Production, supply and documentation of ready-made (non-customized) software
1,657
2.19%
Government of India
3,963
5.24%
Net Assets
16,930
22.37%
Grand Total
75,667
100.00%
Pension Bond Fund II
% of Total Funds
10% NABARD - 18.06.10
23
0.36%
10.90% REC - 30.09.13
96
1.47%
11.75% REC - 03.11.11
24
0.37%
12.40% Sundaram Fin - 02.08.10
232
3.54%
6.90% NHB - 01.09.2012 P-C 11
95
1.45%
6.90% NHB P-C - 30.10.2012
25
0.38%
Generation and transmission of electricity: hydro-electric power plants 2,318
10.25% HDFC 2012 - 29.05.12
Industry
1,891
2.50%
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c.
Industry Activities of hire - purchase financing
2,003
2.65%
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
105
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry 8.33% Bajaj Auto Finance 19.08.2011 8.5% LIC Housing Finance 9 June 11
Pension Bond Fund II
% of Total Funds
Industry
270
4.13%
94
1.43%
Production, supply and documentation of ready-made (non-customized) software
Pension Bond Fund II
% of Total Funds
93
1.42%
192
2.94%
8.60% PFC 2014 - 07.08.2014
95
1.46%
Government of India
8.69% IRFC - 07.01.11
97
1.48%
Net Assets
2,624
40.08%
185
2.82%
Grand Total
6,546
100.00%
9.22% PFC - 28.12.12
98
1.50%
9.35% ILFS - 22.10.10
24
0.37%
9.50% HDFC - 27.02.13
92
1.40%
Kotak Dynamic Floating Rate Fund
% of Total Funds
7.18% FCI 2010
39,759
37.50%
7.28% FCI 2010
2,961
2.79%
42,720
40.29%
10.50% SBI 12042007
1,339
1.26%
Oriental Bank of Commerce CD 22.10.2010
2,528
2.38%
PNB CD - 15.07.2010
2,982
2.81%
State Bank of Bikaner & Jaipur CD -04.03.11
4,005
3.78%
State Bank of Hyderabad CD 04.01.2011
1,013
0.96%
State Bank of Travancore CD 09.03.2011
1,003
0.95%
12,871
12.14%
EXIM Floater INBMK + 33 bps 09.08.2010
6,877
6.49%
IDFC Ltd Floater Mibor+ 210 bps 28.04.2011
8,027
7.57%
IRFC Floater INBMK + 37 bps 22.06.2010
9,968
9.40%
PFC Floater Mibor +215 bps 29.05.11
10,059
9.49%
Total
34,930
32.95%
8.95% IRFC Ltd- 10.03.2025
HDFC Ltd ZCB - 09.03.2012 Total
201
3.07%
1,651
25.22%
Others Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers Generation and transmission of electricity: hydro-electric power plants Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Provision of basic telecom services: telephone, telex and telegraph (includes the activities of STD/ISD booths) Monetary intermediation of commercial banks, saving banks and discount houses Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.)
106
Industry
Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles.
Total Monetary intermediation of commercial banks, saving banks and discount houses
270 196
214
4.12% 3.00%
3.28%
Total 589
99
401
216
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
9.01%
1.51%
6.12%
3.30%
Activities of hire-purchase financing
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Kotak Dynamic Floating Rate Fund
% of Total Funds
Others 1,750
1.65%
Activities of Mutual Funds including Unit Trust of India
Government of India
9,548
9.01%
Government of India Net Assets
Net Assets
Industry
4,200
3.96%
106,019
100.00%
Kotak Guaranteed Floating Rate Fund
% of Total Funds
Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. 7.18% FCI 2010 7.28% FCI 2010 Total
Kotak Guaranteed Floating Rate Fund
% of Total Funds
Others
Activities of Mutual Funds including Unit Trust of India
Grand Total
5,040
1.87%
18,190
6.75%
12,043
4.47%
269,459
100.00%
Kotak Pension Floating Rate Fund
% of Total Funds
364 Days T Bill - 08.10.2010
1,956
2.07%
7% Oil Bond - 09.09.12
2,136
2.26%
819
0.86%
7.47% OMC GOI Special Bond 07.03.12
4,376
4.62%
9.39% GOI 02-July-2011
1,244
1.31%
10,532
11.13%
30.11%
Grand Total Industry
Government of India
110,356
40.95%
2,862
1.06%
113,218
42.02%
Monetary intermediation of commercial banks, saving banks and discount houses
7.27% GOI - 03.09.13
Total
10.50% SBI 12042007
1,884
0.70%
Bank of India CD - 18.03.2011
5,399
2.00%
Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles.
Oriental Bank of Commerce CD 22.10.2010
3,034
1.13%
7.18% FCI 2010
28,505
PNB CD - 15.07.2010
8,088
3.00%
7.28% FCI 2010
4,441
4.69%
32,946
34.80%
State Bank of Bikaner & Jaipur CD -04.03.11
10,011
3.72%
State Bank of Hyderabad CD 04.01.2011
2,027
0.75%
State Bank of Travancore CD 09.03.2011
4,012
1.49%
34,455
12.79%
Total
Industry
Total Monetary intermediation of commercial banks, saving banks and discount houses 10.50% SBI 12042007
71
0.07%
1,000
1.06%
Oriental Bank of Commerce CD 22.10.2010
2,528
2.67%
PNB CD - 15.07.2010
2,527
2.67%
2,503
2.64%
507
0.54%
Bank of Baroda CD - 24.09.2010
Activities of hire - purchase financing EXIM Floater INBMK + 33 bps 09.08.2010
19,156
7.11%
IDFC Ltd Floater Mibor+ 210 bps 28.04.2011
State Bank of Bikaner & Jaipur CD -04.03.11
18,862
7.00%
IRFC Floater INBMK + 37 bps 22.06.2010
State Bank of Hyderabad CD 04.01.2011
23,896
8.87%
State Bank of Travancore CD 09.03.2011
PFC Floater Mibor +215 bps - 29.05.11
24,598
9.13%
Total
86,513
32.11%
Total
2,006
2.12%
11,142
11.77%
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
107
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Kotak Pension Floating Rate Fund
% of Total Funds
Industry
Kotak Group Floating Rate Fund
% of Total Funds
EXIM Floater INBMK + 33 bps 09.08.2010
Activities of hire - purchase financing
Activities of hire - purchase financing EXIM Floater INBMK + 33 bps 09.08.2010
10,326
7.15%
8,379
8.85%
IDFC Ltd Floater Mibor+ 210 bps 28.04.2011
IDFC Ltd Floater Mibor+ 210 bps 28.04.2011
10,431
7.23%
8,678
9.17%
IRFC Floater INBMK + 37 bps 22.06.2010
IRFC Floater INBMK + 37 bps 22.06.2010
10,496
7.27%
8,695
9.19%
PFC Floater Mibor +215 bps - 29.05.11
10,437
7.23%
PFC Floater Mibor +215 bps 29.05.11
8,450
8.93%
Total
41,690
28.88%
34,203
36.13%
1,090
0.76%
Total Others Activities of Mutual Funds including Unit Trust of India Net Assets Grand Total
Others Activities of Mutual Funds including Unit Trust of India Government of India
1,049
1.11%
Net Assets Grand Total
4,790
5.06%
94,661
100.00%
Kotak Group Floating Rate Fund
% of Total Funds
Industry Industry
7.18% FCI 2010
46,738
32.38%
Monetary intermediation of commercial banks, saving banks and discount houses
7.28% FCI 2010
3,454
2.39%
Activities of hire - purchase financing
50,193
34.77%
Total Monetary intermediation of commercial banks, saving banks and discount houses 10.50% SBI 12042007 Bank of India CD - 11.03.2011
259
0.18%
2,506
1.74%
Bank of India CD - 18.03.2011
2,003
1.39%
PNB CD - 15.07.2010
4,044
2.80%
State Bank of Bikaner & Jaipur CD -04.03.11
2,002
1.39%
State Bank of Hyderabad CD 04.01.2011
1,013
0.70%
State Bank of Travancore CD 09.03.2011 Total
108
6.83% 18.48%
144,342
100.00%
Floating Rate Fund
% of Total Funds
37
3.73%
Others Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles.
Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles.
9,854 26,679
Government of India
1
0.10%
33
3.35%
13
1.27%
Net Assets
911
91.56%
Grand Total
995
100.00%
Kotak Group 36M FMP 02/01/2011
% of Total Funds
9.35% ILFS - 22.10.10
29,774
96.32%
Total
29,774
96.32%
Industry
Activities of hire - purchase financing
Others 3,009
2.08%
14,837
10.28%
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Net Assets Grand Total
1,136
3.68%
30,911
100.00%
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Kotak Group 36M FMP 12/09/2011
% of Total Funds
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c.
Total
3,982
38.24%
8.5% LIC Housing Finance 9 June 11
1,859
17.86%
8.50% Exim Bank Bonds 2011
4,244
40.77%
Total
6,104
58.63%
Others 326
3.13%
10,411
100.00%
Kotak Group 60M FMP 27/11/2013
% of Total Funds
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699)
Total
78,419
100.00%
Kotak Group 50M FMP 27/02/2013
% of Total Funds
9.50% HDFC - 27.02.13
6,967
99.24%
Total
6,967
99.24%
53
0.76%
7,021
100.00%
Kotak Group 59M FMP 08/12/2013
% of Total Funds
11.45% RIL - 25.11.13
11,565
39.41%
Total
11,565
39.41%
10.00% IDFC -16.12.13
17,096
58.25%
Total
17,096
58.25%
687
2.34%
29,349
100.00%
Grand Total
Activities of hire - purchase financing
Others Net Assets Grand Total Industry
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) 15,237 15,237
19.43% 19.43%
Activities of hire - purchase financing
2.59%
Industry
Activities of hire - purchase financing
11.45% RIL - 25.11.13
2,034
Net Assets 38.24%
Industry
% of Total Funds
Others
3,982
Grand Total
Kotak Group 60M FMP 27/11/2013
Government of India
8.73% PGC 2011
Net Assets
Industry
Activities of hire - purchase financing
11.40% PFC - 28.11.13
30,598
39.02%
11.50% REC - 26.11.13
30,550
38.96%
Net Assets
Total
61,148
77.98%
Grand Total
Others
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
109
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Kotak Dynamic Balanced Fund
% of Total Funds
Monetary intermediation of commercial banks, saving banks and discount houses 10.50% SBI 12042007
2,267
0.92%
9.15% SBP Perpetual Bond
1,529
0.62%
9.85% HDFC Bank 2019 - 17.03.2024
1,680
0.68%
9.98% ICICI Perpetual Bond 13.09.16
1,296
0.53%
Axis Bank Ltd
2,723
1.11%
Industry
Kotak Dynamic Balanced Fund
% of Total Funds
7.90% REC - 06.10.2012
2,511
1.02%
8.49% IRFC - 30.03.2014
2,008
0.82%
334
0.14%
8.50% EXIM 2011 - 12.09.2011 8.50% Exim Bank Bonds 2011
342
0.14%
8.60% PFC 2014 - 07.08.2014
2,502
1.02%
9.32% HDFC - 17.12.12
1,005
0.41%
9.40% NHB - 17.12.2013
550
0.22%
9.50% HDFC - 27.02.13
134
0.05%
9.65% NABARD - 12.03.12
239
0.10%
Housing Development Finance Corp. Ltd
4,424
1.80%
Infrastructure Development Finance Company Ltd
2,773
1.13%
Bank of Baroda
1,420
0.58%
Bank of Baroda CD - 15.02.2011
2,508
1.02%
HDFC Bank Ltd
5,170
2.11%
ICICI Bank Ltd
8,428
3.44%
Oriental Bank of Commerce CD 20.08.2010
7,060
2.88%
Oriental Bank of Commerce CD 26.10.2010
2,427
0.99%
Others
Punjab National Bank
2,316
0.94% 0.61%
State Bank of Bikaner & Jaipur CD -04.03.11
1,502
Rural Electrification Corporation Ltd
1,394
0.57%
32,254
13.15%
Off shore extraction of petroleum
2,809
1.15%
Services incidental to off shore oil extraction
1,368
0.56%
374
0.15%
Total
State Bank of Patiala CD - 15.11.2010
2,212
0.90%
Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included].
State Bank of Travancore CD 09.03.2011
2,508
1.02%
Manufacture of other dairy products, n.e.c.
1,888
0.77%
Union Bank of India CD - 07.10.2010
3,744
1.53%
YES BANK LTD
2,083
0.85%
Manufacture of cigarette and cigarette tobacco
4,150
1.69%
55,373
22.57%
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699)
8,534
3.48%
Manufacture of paints, varnishes, enamels or lacquers
2,100
0.86%
State Bank of Hyderabad CD 04.01.2011
1,013
0.41%
State Bank of India
3,487
1.42%
Total Activities of hire - purchase financing 10.35% HDFC 2017 - 16.05.17 10.90% REC - 30.09.13 11.25% HDFC - 04.09.18 11.50% REC - 26.11.13 11.75% REC - 03.11.11 6.90% NHB - 01.09.2012 P-C 11 7.20% REC - 17.03.2012
110
169
0.07%
1,103
0.45%
68
0.03%
8,200
3.34%
22
0.01%
3,490
1.42%
985
0.40%
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Manufacture of allopathic pharmaceutical preparations Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. Manufacture of generators/generating sets
Kotak Dynamic Balanced Fund
% of Total Funds
9,228
3.76%
2,756
8,723
4,286
4,191 2,183
1.12%
3.56%
1.75%
1.71% 0.89%
Industry
Kotak Dynamic Balanced Fund
% of Total Funds
Generation and transmission of electricity: hydro-electric power plants
3,820
1.56%
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c.
21,718
8.85%
Manufacture of gas; distribution of gaseous fuels through mains
4,244
1.73%
Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc.
4,299
1.75%
Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.]
7,616
3.10%
Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles.
5,034
2.05%
Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc.
2,798
1.14%
Activities of Mutual Funds including Unit Trust of India
810
0.33%
3,588
1.46%
19,510
7.95%
3,484
1.42%
Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers
7,157
2.92%
Manufacture of motor cars
2,120
0.86%
Production, supply and documentation of ready-made (non-customized) software
Manufacture of jeeps and station wagons
2,518
1.03%
News agency activities
Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.)
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
111
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Undifferenciated service-producing activities of private households for own use. [Includes the undifferenciated subsistence. [Includes the undifferenciated subsistence service-producing activities of households. These activities include cooking, teaching, caring for household members and other services produced by the household for its own subsistence. In application, if households are also engaged in the production of multiple goods for subsistence purposes, they are classified to the undifferenciated subsistence service-producing activities of households.] Government of India Net Assets Grand Total Industry
Kotak Dynamic Balanced Fund
% of Total Funds
Industry
Kotak Guaranteed Balanced Fund
% of Total Funds
ICICI Bank Ltd
31,705
1.76%
Oriental Bank of Commerce CD 20.08.2010
13,617
0.76%
State Bank of Bikaner & Jaipur CD 04.01.2011
5,068
0.28%
State Bank of Hyderabad CD 04.01.2011
10,135
0.56%
State Bank of India
20,558
1.14%
7,812
0.43%
10,030
0.56%
State Bank of Patiala CD - 15.11.2010 State Bank of Travancore CD 09.03.2011 Union Bank of India CD - 07.10.2010 Total 1,406
0.57%
12,951
5.28%
Activities of hire - purchase financing
2,036
0.83%
10.25% HDFC 2012 - 29.05.12
245,326
100.00%
10.35% HDFC 2017 - 16.05.17
Kotak Guaranteed Balanced Fund
% of Total Funds
Monetary intermediation of commercial banks, saving banks and discount houses
0.43%
603
0.03% 0.40%
10.95% REC - 14.08.11
10,481
0.58%
11.50% REC - 26.11.13
38,939
2.17%
11.75% REC - 03.11.11
1,974
0.11%
6.75% NHB - 21.12.2012
19,659
1.09%
6.90% NHB - 01.09.2012 P-C 11
32,106
1.79%
7.20% REC - 17.03.2012
1,969
0.11%
7.20% REC - 17.09.2010
7,521
0.42%
7.64% LIC Housing Finance26.02.2012
20,189
1.12%
7.80% Sundaram Finance 2011 28.07.2011
10,065
0.56%
80,367
4.47%
5,005
0.28%
0.58%
9.15% SBP Perpetual Bond
20,383
1.13%
9.50% Kotak Bank FD 31.01.2012
17,711
0.99%
9.85% HDFC Bank 2019 - 17.03.2024
15,808
0.88%
4,874
0.27%
7.90% REC - 06.10.2012
10,970
0.61%
8.33% Bajaj Auto Finance 19.08.2011
Bank of Baroda
7,667 7,114
10,399
Axis Bank Ltd
2.70% 18.20%
10.90% REC - 30.09.13
10.50% SBI 12042007
9.98% ICICI Perpetual Bond 13.09.16
48,568 327,218
7,796
0.43%
Bank of Baroda CD - 15.02.2011
19,512
1.09%
8.45% REC - 19.02.2015
4,979
0.28%
Bank of Baroda CD - 24.09.2010
10,001
0.56%
8.49% IRFC - 30.03.2014
9,063
0.50%
Bank of India CD - 11.03.2011
30,076
1.67%
8.5% LIC Housing Finance 9 June 11
1,009
0.06%
9,712
0.54%
8.50% EXIM 2011 - 12.09.2011
3,032
0.17%
22,483
1.25%
8.50% Exim Bank Bonds 2011
18,305
1.02%
Central Bank of India CD - 04.10.2010 HDFC Bank Ltd
112
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Kotak Guaranteed Balanced Fund
% of Total Funds
8.55% IRFC 2019-15.01.2019
8,906
0.50%
Others
8.60% PFC 2014 - 07.08.2014
30,028
1.67%
Off shore extraction of petroleum
9.00% Bajaj Auto Finance 02.11.2012
13,258
0.74%
9.32% HDFC - 17.12.12
4,118
0.23%
9.40% NHB - 17.12.2013
13,784
0.77%
9.50% HDFC - 27.02.13
1,039
0.06%
9.50% LIC Housing Finance 18.02.2012
5,205
0.29%
9.65% NABARD - 12.03.12
1,306
0.07%
9.85% NABARD 2012
10,497
0.58%
HDFC Ltd ZCB - 09.03.2012
36,641
2.04%
Housing Development Finance Corp. Ltd
18,833
1.05%
Infrastructure Development Finance Company Ltd
10,834
0.60%
3,298
0.18%
Power Finance Corporation Ltd Rural Electrification Corporation Ltd
4,992
0.28%
442,785
24.63%
10.25% GOI - 30.05.21
11,505
0.64%
6.49% GOI - 08.06.2015
3,588
0.20%
6.90% GOI - 13.07.2019
65,310
3.63%
7.02% GOI - 17.08.2016
11,655
0.65%
Total
Government of India
% of Total Funds
19,804
1.10%
1,978
0.11%
Manufacture of other dairy products, n.e.c.
8,599
0.48%
Manufacture of biscuits, cakes and pastries
2,888
0.16%
Manufacture of malted foods including food for infants and invalids
6,664
0.37%
Manufacture of cigarette and cigarette tobacco
19,759
1.10%
464
0.03%
55,476
3.09%
Production of liquid or gaseous fuels, illuminating oils, lubricating oils or greases or other products from crude petroleum or bituminous minerals Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of basic organic chemicals n.e.c.
2,898
0.16%
Manufacture of paints, varnishes, enamels or lacquers
10,223
0.57%
32,301
1.80%
5,050
0.28%
6,942
0.39%
7.40% GOI 2035 - 09.09.35
3,676
0.20%
7.47% OMC GOI Special Bond 07.03.12
Manufacture of allopathic pharmaceutical preparations
14,263
0.79%
7.59% GOI 2016
11,460
0.64%
7.94% GOI - 24.05.21
3,041
0.17%
8.20% GOI - 15.02.22
26,753
1.49%
8.20% OMC GOI 2023-10.11.23
24,990
1.39%
741
0.04%
183,924
10.23%
Manufacture of cosmetics and toileteries (includes manufacture of pre-shave, shaving or after shave preparations; personal deodorants and anti-respirants; perfumed bath salts and other bath preparations; beauty or make-up preparations and preparations for the care of the skin, other than medicaments; manicure and pedicure preparations etc.)
Total
Kotak Guaranteed Balanced Fund
Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included].
7.27% GOI - 03.09.13
8.35% GOI - 14.05.22
Industry
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
113
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.) Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers Manufacture of motor cars Manufacture of jeeps and station wagons
114
Kotak Guaranteed Balanced Fund
% of Total Funds
10,928
7,727
36,890
11,573
21,676
Kotak Guaranteed Balanced Fund
% of Total Funds
Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520)
5,755
0.32%
Generation and transmission of electricity: hydro-electric power plants
29,862
1.66%
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c.
94,081
5.23%
2.05%
Manufacture of gas; distribution of gaseous fuels through mains
16,208
0.90%
0.64%
Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.]
25,745
1.43%
Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles.
55,676
3.10%
Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc.
14,521
0.81%
Activities of Mutual Funds including Unit Trust of India
14,930
0.83%
Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.)
46,443
2.58%
152,906
8.51%
4,442
0.25%
State Government Bonds/Development Loans
31,062
1.73%
Net Assets
59,281
3.30%
1,797,438
100.00%
0.61%
0.43%
1.21%
Industry
Production, supply and documentation of ready-made (non-customized) software News agency activities 20,051
1.12%
8,230
0.46%
9,419
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
0.52%
Grand Total
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Kotak Pension Balanced Fund
% of Total Funds
Monetary intermediation of commercial banks, saving banks and discount houses
Kotak Pension Balanced Fund
% of Total Funds
State Bank of India
67,377
1.13%
State Bank of Mysore CD - 07.10.2010
48,718
0.82%
State Bank of Patiala CD - 15.11.2010
47,382
0.79%
50,150
0.84%
10.50% SBI 12042007
8,772
0.15%
11.10% IDBI - 26.09.13
18,354
0.31%
State Bank of Travancore CD 09.03.2011
11.50% ICICI SLR Bond - 05.11.2010
25,939
0.43%
Union Bank of India CD - 07.10.2010
9.15% SBP Perpetual Bond
30,575
0.51%
Total
9.20% BOB Perpetual Bond09.10.2019
17,544
0.29%
Activities of hire - purchase financing
9.50% Kotak Bank FD 31.01.2012 9.85% HDFC Bank 2019 - 17.03.2024 9.98% ICICI Perpetual Bond 13.09.16
8,752
0.15%
46,585
0.78%
4,321
0.07%
10.35% HDFC 2017 - 16.05.17 10.75% PFC - 15.07.2011
10.00% IDFC -16.12.13 10.25% HDFC 2012 - 29.05.12
48,568
0.81%
1,265,307
21.20%
12,253
0.21%
7,287
0.12%
6,207
0.10%
32,711
0.55%
Axis Bank Ltd
36,858
0.62%
Bank of Baroda
24,674
0.41%
10.90% REC - 30.09.13
29,731
0.50%
58,694
0.98%
Bank of Baroda CD - 15.02.2011
49,054
0.82%
10.95% REC - 14.08.11
Bank of Baroda CD - 24.09.2010
30,004
0.50%
11.50% REC - 26.11.13
138,359
2.32%
100,253
1.68%
11.75% REC - 03.11.11
12,636
0.21%
12% NABARD 15-January-2012
43,481
0.73%
17,446
0.29%
8,714
0.15%
10,013
0.17%
Bank of India CD - 11.03.2011 Bank of India CD - 18.03.2011
15,024
0.25%
Central Bank of India CD - 04.10.2010
38,847
0.65%
12.40% Sundaram Fin - 02.08.10
Corporation Bank CD - 21.02.2011
59,948
1.00%
6.45% EXIM Bank - 15.12.2012
HDFC Bank Ltd
76,406
1.28%
6.70% KMPL - 22.07.2010
ICICI Bank Ltd
109,495
1.83%
6.75% NHB - 21.12.2012
49,834
0.83%
6.90% NHB - 01.09.2012 P-C 11
44,868
0.75%
6.90% NHB P-C - 30.10.2012
99,682
1.67%
7.20% REC - 17.03.2012
13,293
0.22%
7.20% REC - 17.09.2010
10,028
0.17%
7.24% LIC Housing Finance 23.06.2011
20,047
0.34%
20,070
0.34%
Oriental Bank of Commerce CD 20.08.2010
21,181
0.35%
Oriental Bank of Commerce CD 22.10.2010
70,795
1.19%
Oriental Bank of Commerce CD 26.10.2010
48,544
0.81%
PNB CD - 12.08.2010
35,051
0.59%
PNB CD - 15.07.2010
16,351
0.27%
7.40% KMPL - 24.08.2010
Punjab National Bank
618
0.01%
7.64% LIC Housing Finance26.02.2012
50,474
0.85%
10,014
0.17%
State Bank of Bikaner & Jaipur CD -04.03.11
66,119
1.11%
7.75% REC - 17.11.2012
State Bank of Bikaner & Jaipur CD 04.01.2011
20,273
0.34%
7.80% Sundaram Finance 2011 28.07.2011
State Bank of Hyderabad CD 04.01.2011
Industry
7.90% REC - 06.10.2012 22,775
0.38%
8.28 IDFC 2011
30,195
0.51%
149,605
2.51%
7,988
0.13%
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
115
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Kotak Pension Balanced Fund
% of Total Funds
Kotak Pension Balanced Fund
% of Total Funds
30,031
0.50%
8.35% REC - 04.09.2014
8,228
0.14%
10.25% GOI - 30.05.21
11,505
0.19%
8.40% HDFC - 08.12.2014
6,161
0.10%
6.49% GOI - 08.06.2015
93,428
1.57%
8.45% IRFC - 26.12.18
6,896
0.12%
6.90% GOI - 13.07.2019
46,650
0.78%
12,945
0.22%
7.02% GOI - 17.08.2016
87,410
1.46%
8.49% IRFC - 30.03.2014
30,115
0.50%
7.27% GOI - 03.09.13
50,357
0.84%
8.5% LIC Housing Finance 9 June 11
14,760
0.25%
7.40% GOI 2012 - 03.05.12
61,466
1.03%
7,107
0.12%
8.50% Exim Bank Bonds 2011
77,942
1.31%
7.40% GOI 2035 - 09.09.35
12,034
0.20%
8.55% IRFC 2019-15.01.2019
67,999
1.14%
8.60% PFC 2014 - 07.08.2014
142,635
2.39%
7.47% OMC GOI Special Bond 07.03.12
50,940
0.85%
8.80% PFC - 15.01.2025
19,827
0.33%
7.59% GOI 2016
22,111
0.37%
9.00% Bajaj Auto Finance 02.11.2012
9,608
0.16%
20,397
0.34%
16,942
0.28%
9.07% REC - 28.02.2018
21,725
0.36%
9.25% PFC - 20.02.2012
6,947
0.12%
7.95% GOI - 28.08.32
8,957
0.15%
9.32% HDFC - 17.12.12
3,600
0.06%
8.20% GOI - 15.02.22
34,356
0.58%
9.40% NHB - 17.12.2013
52,515
0.88%
122,867
2.06%
9.50% Exim - 12.12.13
42,392
0.71%
9.50% HDFC - 27.02.13
1,740
0.03%
8.20% OMC GOI Special Bond 12.02.24
1,048
0.02%
9.50% Nabard - 15.10.12
10,402
0.17%
8.28% GOI - 15.02.32
3,703
0.06%
9.65% NABARD - 12.03.12
20,902
0.35%
8.35% GOI - 14.05.22
5,377
0.09%
638,760
10.70%
67,550
1.13%
6,452
0.11%
27,053
0.45%
9,248
0.15%
Manufacture of malted foods including food for infants and invalids
19,012
0.32%
Manufacture of cigarette and cigarette tobacco
65,386
1.10%
8.33% Bajaj Auto Finance 19.08.2011
8.45% REC - 19.02.2015
8.50% EXIM 2011 - 12.09.2011
Industry
Government of India
7.75% OMC GOI BOND - 28.11.2021 7.94% GOI - 24.05.21
8.20% OMC GOI 2023-10.11.23
9.68% IRFC - 03.07.10
16,484
0.28%
Total
9.85% NABARD 2012
43,378
0.73%
Others
HDFC Ltd ZCB - 09.03.2012
50,179
0.84%
Off shore extraction of petroleum
Housing Development Finance Corp. Ltd
60,903
1.02%
IDFC Ltd Floater Mibor+ 210 bps 28.04.2011
29,098
0.49%
Infrastructure Development Finance Company Ltd
35,565
0.60%
IRFC Floater INBMK + 37 bps 22.06.2010
4,941
0.08%
PFC Floater Mibor +215 bps 29.05.11
1,964
0.03%
Power Finance Corporation Ltd
10,385
0.17%
Rural Electrification Corporation Ltd
15,900
0.27%
1,757,698
29.45%
Total
116
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included]. Manufacture of other dairy products, n.e.c. Manufacture of biscuits, cakes and pastries
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Production of liquid or gaseous fuels, illuminating oils, lubricating oils or greases or other products from crude petroleum or bituminous minerals Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of basic organic chemicals n.e.c. Manufacture of paints, varnishes, enamels or lacquers Manufacture of allopathic pharmaceutical preparations Manufacture of cosmetics and toileteries (includes manufacture of pre-shave, shaving or after shave preparations; personal deodorants and anti-respirants; perfumed bath salts and other bath preparations; beauty or make-up preparations and preparations for the care of the skin, other than medicaments; manicure and pedicure preparations etc.) Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.) Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils)
Kotak Pension Balanced Fund
1,483
% of Total Funds
0.02%
240,069
4.02%
9,614
0.16%
32,911
0.55%
105,214
1.76%
16,610
36,577
26,679
81,262
0.28%
0.61%
0.45%
1.36%
Industry
Kotak Pension Balanced Fund
% of Total Funds
Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings)
39,210
0.66%
Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler.
74,713
1.25%
Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers
27,650
0.46%
Manufacture of motor cars
26,419
0.44%
Manufacture of jeeps and station wagons
31,203
0.52%
Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520)
19,347
0.32%
Generation and transmission of electricity: hydro-electric power plants
97,452
1.63%
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c.
292,203
4.90%
52,860
0.89%
Manufacture of gas; distribution of gaseous fuels through mains
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
117
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Activities of housing finance companies. (Granting of credit for house purchase by specialised institutions that do not also take deposits is included here) Activities of Mutual Funds including Unit Trust of India Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) Production, supply and documentation of ready-made (non-customized) software News agency activities State Government Bonds/Development Loans Net Assets Grand Total Industry
Kotak Pension Balanced Fund
% of Total Funds
9.15% SBP Perpetual Bond 9.85% HDFC Bank 2019 - 17.03.2024 9.98% ICICI Perpetual Bond 13.09.16 Axis Bank Ltd Bank of Baroda
120,768
2.02%
90,537
1.52%
47,986
0.80%
10,434
0.17%
23,970
0.40%
78,502
1.32%
5.06%
15,846
0.27%
86,440
1.45%
124,499
2.09%
5,969,092
100.00%
Kotak Group Balanced Fund
% of Total Funds
118
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
3.53%
3,817
0.31%
4,047
0.33%
13,746
1.11% 0.55% 0.81%
Bank of India CD - 11.03.2011
15,038
1.21%
HDFC Bank Ltd
24,492
1.98%
ICICI Bank Ltd
41,092
3.31%
Oriental Bank of Commerce CD 22.10.2010
10,113
0.82%
PNB CD - 15.07.2010
5,055
0.41%
Punjab National Bank
10,404
0.84%
State Bank of Bikaner & Jaipur CD -04.03.11
7,779
0.63%
State Bank of Bikaner & Jaipur CD 04.01.2011
2,534
0.20%
State Bank of Hyderabad CD 04.01.2011 State Bank of Mysore CD - 07.10.2010 State Bank of Travancore CD 09.03.2011 Union Bank of India CD - 07.10.2010
2,532
0.20%
17,218
1.39%
2,436
0.20%
10,030
0.81%
9,714
0.78%
10,338
0.83%
255,197
20.58%
2,542
0.21%
10,430
0.84%
10.90% REC - 30.09.13
1,858
0.15%
10.95% REC - 14.08.11
15,722
1.27%
11.25% HDFC - 04.09.18
189
0.02%
11.50% REC - 26.11.13
756
0.06%
Total Activities of hire - purchase financing 10.25% HDFC 2012 - 29.05.12 10.75% PFC - 15.07.2011
6.90% NHB - 01.09.2012 P-C 11 0.33%
43,782
6,858
11.75% REC - 03.11.11
4,144
% of Total Funds
10,030
YES BANK LTD 302,169
Kotak Group Balanced Fund
Bank of Baroda CD - 15.02.2011
State Bank of India
Monetary intermediation of commercial banks, saving banks and discount houses 10.50% SBI 12042007
Industry
6.90% NHB P-C - 30.10.2012
115
0.01%
7,977
0.64%
39,873
3.22%
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Kotak Group Balanced Fund
% of Total Funds
7.20% REC - 17.03.2012
4,136
0.33%
7.20% REC - 17.09.2010
2,006
0.16%
7.64% LIC Housing Finance26.02.2012
5,552
0.45%
7.80% Sundaram Finance 2011 28.07.2011
4,429
0.36%
7.90% REC - 06.10.2012
5,023
0.41%
683
0.06%
5,005
0.40%
28,945
2.33%
8.28 IDFC 2011 8.33% Bajaj Auto Finance 19.08.2011 8.49% IRFC - 30.03.2014 8.50% EXIM 2011 - 12.09.2011
978
0.08%
18,119
1.46%
8.55% IRFC 2019-15.01.2019
1,019
0.08%
8.60% PFC 2014 - 07.08.2014
2,897
0.23%
30,452
2.46%
5,099
0.41%
8.50% Exim Bank Bonds 2011
8.95% PFC- 30.03.2015 9.00% Bajaj Auto Finance 02.11.2012 9.32% HDFC - 17.12.12
1,552
0.13%
9.40% NHB - 17.12.2013
2,011
0.16%
9.50% Exim - 12.12.13
4,638
0.37%
425
0.03%
9.50% HDFC - 27.02.13 9.50% LIC Housing Finance 18.02.2012
5,205
0.42%
900
0.07%
9.68% IRFC - 03.07.10
10,095
0.81%
Housing Development Finance Corp. Ltd
21,319
1.72%
Infrastructure Development Finance Company Ltd
13,679
1.10%
IRFC Floater INBMK + 37 bps 22.06.2010
14,608
1.18%
9.65% NABARD - 12.03.12
Rural Electrification Corporation Ltd
6,881
0.55%
275,117
22.19%
Off shore extraction of petroleum
13,819
1.11%
Services incidental to off shore oil extraction
6,875
0.55%
Total Others
Industry
Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included].
Kotak Group Balanced Fund
% of Total Funds
1,570
0.13%
Manufacture of other dairy products, n.e.c.
10,362
0.84%
Manufacture of cigarette and cigarette tobacco
20,257
1.63%
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699)
42,196
3.40%
Manufacture of paints, varnishes, enamels or lacquers
10,194
0.82%
Manufacture of allopathic pharmaceutical preparations
45,391
3.66%
Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers
13,827
1.12%
Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils)
51,349
4.14%
Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings)
20,674
1.67%
Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler.
20,548
1.66%
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
119
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Manufacture of generators/generating sets
Kotak Group Balanced Fund
% of Total Funds
10,458
0.84%
Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-theroad tractors for semi - trailers
19,226
1.55%
Manufacture of motor cars
10,428
0.84%
Manufacture of jeeps and station wagons
13,594
1.10%
Generation and transmission of electricity: hydro-electric power plants
17,402
1.40%
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c.
26,813
2.16%
Manufacture of gas; distribution of gaseous fuels through mains
20,965
1.69%
Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.]
Kotak Group Balanced Fund
% of Total Funds
Activities of Mutual Funds including Unit Trust of India
110,890
8.94%
Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.)
17,614
1.42%
Production, supply and documentation of ready-made (non-customized) software
98,865
7.97%
News agency activities
16,928
1.37%
7,031
0.57%
87,971
7.10%
Undifferenciated service-producing activities of private households for own use. [Includes the undifferenciated subsistence. [Includes the undifferenciated subsistence service-producing activities of households. These activities include cooking, teaching, caring for household members and other services produced by the household for its own subsistence. In application, if households are also engaged in the production of multiple goods for subsistence purposes, they are classified to the undifferenciated subsistence service-producing activities of households.] Government of India
20,513
37,833
1.65%
3.05%
Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles.
10,028
0.81%
Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc.
13,878
1.12%
120
Industry
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Net Assets
(88,047)
-7.10%
Grand Total
1,239,765
100.00%
Industry
Balanced Fund
% of Total Funds
7.18% FCI 2010
563
29.64%
Total
563
29.64%
Axis Bank Ltd
19
0.98%
Bank of Baroda
10
0.50%
Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles.
Monetary intermediation of commercial banks, saving banks and discount houses
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Balanced Fund
% of Total Funds
Bank of India CD - 11.03.2011
20
1.06%
Canara Bank CD - 08.03.2011
24
1.29%
HDFC Bank Ltd
35
1.83%
ICICI Bank Ltd
58
3.06%
Punjab National Bank
15
0.80%
State Bank of India
25
1.31%
YES BANK LTD
14
0.75%
220
11.59%
Off shore extraction of petroleum
20
1.04%
Services incidental to off shore oil extraction
9
0.49%
Total Others
Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included].
2
0.12%
Manufacture of other dairy products, n.e.c.
13
0.70%
Manufacture of cigarette and cigarette tobacco
28
1.49%
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699)
60
3.16%
Manufacture of paints, varnishes, enamels or lacquers
14
0.75%
Manufacture of allopathic pharmaceutical preparations
63
3.34%
Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers
20
1.04%
Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils)
53
2.79%
Industry
Balanced Fund
% of Total Funds
Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings)
29
1.54%
Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler.
29
1.51%
Manufacture of generators/generating sets
15
0.77%
Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-theroad tractors for semi - trailers
14
0.76%
Manufacture of motor cars
14
0.75%
Manufacture of jeeps and station wagons
22
1.14%
Generation and transmission of electricity: hydro-electric power plants
25
1.34%
Manufacture of gas; distribution of gaseous fuels through mains
29
1.54%
Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc.
29
1.55%
Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.]
54
2.84%
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
121
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Balanced Fund
% of Total Funds
Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc.
19
1.02%
Activities of hire - purchase financing
59
3.08%
Production, supply and documentation of ready-made (non-customized) software News agency activities Undifferenciated service-producing activities of private households for own use. [Includes the undifferenciated subsistence. [Includes the undifferenciated subsistence service-producing activities of households. These activities include cooking, teaching, caring for household members and other services produced by the household for its own subsistence. In application, if households are also engaged in the production of multiple goods for subsistence purposes, they are classified to the undifferenciated subsistence service-producing activities of households.]
135
7.12%
24
1.27%
0.52%
Government of India
128
6.71%
Net Assets
198
10.40%
1,901
100.00%
Pension Balanced Fund II
% of Total Funds
Industry
Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. 7.18% FCI 2010
28
0.96%
7.28% FCI 2010
540
18.29%
Total
568
19.25%
122
Pension Balanced Fund II
% of Total Funds
Off shore extraction of petroleum
22
0.74%
Services incidental to off shore oil extraction
9
0.31%
Manufacture of other dairy products, n.e.c.
16
0.54%
Manufacture of cigarette and cigarette tobacco
29
0.98%
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699)
64
2.15%
Manufacture of paints, varnishes, enamels or lacquers
14
0.48%
Manufacture of allopathic pharmaceutical preparations
66
2.25%
Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers
20
0.67%
Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils)
55
1.86%
Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings)
30
1.02%
Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler.
29
0.97%
Others
10
Grand Total
Industry
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Manufacture of generators/generating sets
% of Total Funds
15
0.52%
Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers
36
1.23%
Manufacture of motor cars
16
0.53%
Manufacture of jeeps and station wagons
23
0.77%
Generation and transmission of electricity: hydro-electric power plants
25
0.86%
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c.
16
0.55%
Manufacture of gas; distribution of gaseous fuels through mains
30
1.01%
Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Monetary intermediation of commercial banks, saving banks and discount houses
Pension Balanced Fund II
Industry
Pension Balanced Fund II
% of Total Funds
Activities of hire - purchase financing
113
3.81%
Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.)
23
0.76%
136
4.60%
News agency activities
25
0.84%
Undifferenciated service-producing activities of private households for own use. [Includes the undifferenciated subsistence. [Includes the undifferenciated subsistence service-producing activities of households. These activities include cooking, teaching, caring for household members and other services produced by the household for its own subsistence. In application, if households are also engaged in the production of multiple goods for subsistence purposes, they are classified to the undifferenciated subsistence service-producing activities of households.]
10
0.34%
Government of India
59
1.99%
Production, supply and documentation of ready-made (non-customized) software
29
1.00%
Net Assets
1,161
39.33%
Grand Total
2,953
100.00%
Kotak Dynamic Growth Fund
% of Total Funds
3,349
0.39%
Industry
54
1.84%
Monetary intermediation of commercial banks, saving banks and discount houses 9.85% HDFC Bank 2019 - 17.03.2024 Axis Bank Ltd
20
239
0.68%
8.10%
12,757
1.50%
Bank of Baroda
6,557
0.77%
HDFC Bank Ltd
23,813
2.79%
ICICI Bank Ltd
38,938
4.57%
7,031
0.82%
Oriental Bank of Commerce CD 20.08.2010
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
123
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Punjab National Bank State Bank of Bikaner & Jaipur CD 04.01.2011 State Bank of India YES BANK LTD Total
Kotak Dynamic Growth Fund
% of Total Funds
10,603
1.24%
2,534 16,127
Kotak Dynamic Growth Fund
% of Total Funds
Infrastructure Development Finance Company Ltd
12,872
1.51%
0.30%
Rural Electrification Corporation Ltd
6,482
0.76%
1.89%
Total
151,508
17.77%
10.25% Tech Mahindra - 17.04.14
12,309
1.44%
Infosys Technologies Ltd
40,529
4.75%
6,352
0.75%
Patni Computer Systems Ltd
7,847
0.92%
Tata Consultancy Services Ltd
21,782
2.56%
9,662
1.13%
131,372
15.41%
Activities of hire - purchase financing 10.25% HDFC 2012 - 29.05.12
3,077
0.36%
10.35% HDFC 2017 - 16.05.17
924
0.11%
10.90% REC - 30.09.13
958
0.11%
10.95% REC - 14.08.11
10,481
1.23%
131
0.02%
11.25% HDFC - 04.09.18 11.50% REC - 26.11.13
13,689
1.61%
11.75% REC - 03.11.11
53
0.01%
12% NABARD 15-January-2012
1,282
0.15%
6.90% NHB - 01.09.2012 P-C 11
7,478
0.88%
7.20% REC - 17.09.2010
5,014
0.59%
7.80% Sundaram Finance 2011 28.07.2011
7,045
0.83%
7.90% REC - 06.10.2012
10,046
1.18%
1,056
0.12%
10,038
1.18%
2,210
0.26%
8.50% EXIM 2011 - 12.09.2011
778
0.09%
8.50% Exim Bank Bonds 2011
214
0.03%
8.60% PFC 2014 - 07.08.2014
5,005
0.59%
8.80% PFC - 15.01.2025
19,827
2.33%
9.07% REC - 28.02.2018
1,028
0.12%
8.28 IDFC 2011 8.49% IRFC - 30.03.2014 8.5% LIC Housing Finance 9 June 11
9.32% HDFC - 17.12.12
Industry
Production, supply and documentation of ready-made (non-customized) software
Mphasis Ltd
Wipro Ltd
12,789
1.50%
101,608
11.92%
Off shore extraction of petroleum
12,627
1.48%
Services incidental to off shore oil extraction
6,337
0.74%
Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included].
1,847
0.22%
Manufacture of other dairy products, n.e.c.
Total Others
8,842
1.04%
Manufacture of cigarette and cigarette tobacco
19,269
2.26%
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699)
37,854
4.44%
9,299
1.09%
42,639
5.00%
663
0.08%
9.40% NHB - 17.12.2013
3,081
0.36%
9.50% Exim - 12.12.13
2,473
0.29%
9.50% HDFC - 27.02.13
540
0.06%
9.65% NABARD - 12.03.12
216
0.03%
4,543
0.53%
Manufacture of paints, varnishes, enamels or lacquers
2.38%
Manufacture of allopathic pharmaceutical preparations
9.68% IRFC - 03.07.10 Housing Development Finance Corp. Ltd
124
20,303
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
% of Total Funds
Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers
12,726
1.49%
Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils)
35,702
4.19%
Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings)
20,226
2.37%
Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler.
19,601
2.30%
Manufacture of generators/generating sets
10,050
1.18%
Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers Manufacture of motor cars
Kotak Dynamic Growth Fund
Industry
Kotak Dynamic Growth Fund
% of Total Funds
Manufacture of gas; distribution of gaseous fuels through mains
19,662
2.31%
Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc.
20,157
2.36%
Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.]
35,446
4.16%
Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles.
18,982
2.23%
Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc.
13,012
1.53%
Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) News agency activities
12,561
1.47%
9,989
1.17%
Manufacture of jeeps and station wagons
11,401
1.34%
Generation and transmission of electricity: hydro-electric power plants
17,716
2.08%
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c.
16,388
1.92%
Undifferenciated service-producing activities of private households for own use. [Includes the undifferenciated subsistence. [Includes the undifferenciated subsistence service-producing activities of households. These activities include cooking, teaching, caring for household members and other services produced by the household for its own subsistence. In application, if households are also engaged in the production of multiple goods for subsistence purposes, they are classified to the undifferenciated subsistence service-producing activities of households.]
4,684
0.55%
16,137
1.89%
6,513
0.76%
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
125
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Government of India Net Assets Grand Total Industry
Kotak Dynamic Growth Fund
% of Total Funds
21,802
2.56%
6,437
0.76%
852,395
100.00%
Kotak Guaranteed Growth Fund
% of Total Funds
Monetary intermediation of commercial banks, saving banks and discount houses 10.50% SBI 12042007
82,629
0.36%
11.10% IDBI - 26.09.13
34,203
0.15%
11.50% ICICI SLR -19.08.2011
14,301
0.06%
11.50% ICICI SLR Bond - 05.11.2010
19,096
0.08%
12% IDBI SLR - 11.03.2012
21,801
0.09%
5,006
0.02%
9.15% SBP Perpetual Bond
40,767
0.18%
9.20% BOB Perpetual Bond09.10.2019
11,907
0.05%
9.25% IDBI 2014 - 26.03.14
48,714
0.21%
9.40% ICICI 28th December 2011
496
0.00%
9.50% Kotak Bank FD 31.01.2012
98
0.00%
138,778
0.60%
7.25% Bank of India - 01.05.2010
9.85% HDFC Bank 2019 - 17.03.2024
Industry
Kotak Guaranteed Growth Fund
% of Total Funds
Oriental Bank of Commerce CD 20.08.2010
24,719
0.11%
Oriental Bank of Commerce CD 22.10.2010
70,896
0.31%
Oriental Bank of Commerce CD 26.10.2010
189,623
0.82%
PNB CD - 12.08.2010
388,552
1.68%
PNB CD - 20.05.2010
248,400
1.07%
Punjab National Bank
4,294
0.02%
State Bank of Bikaner & Jaipur CD -04.03.11
205,388
0.89%
State Bank of Bikaner & Jaipur CD 04.01.2011
67,079
0.29%
State Bank of Bikaner & Jaipur CD 15.10.2010
243,315
1.05%
State Bank of Hyderabad CD 04.01.2011
54,744
0.24%
State Bank of Hyderabad CD 06.07.2010
246,579
1.07%
State Bank of India
340,320
1.47%
State Bank of Mysore CD - 07.10.2010
48,718
0.21%
State Bank of Patiala CD - 15.11.2010
98,447
0.43%
State Bank of Travancore CD 09.03.2011
249,080
1.08%
Union Bank of India CD - 07.10.2010
347,989
1.50%
5,964,322
25.79%
150,185
0.65%
16,905
0.07%
9.98% ICICI Perpetual Bond 13.09.16
13,341
0.06%
Total
Axis Bank CD - 23.11.2010
63,413
0.27%
Axis Bank Ltd
193,703
0.84%
Activities of hire - purchase financing
Bank of Baroda
121,489
0.53%
10% NABARD - 18.06.10
Bank of Baroda CD - 15.02.2011
431,725
1.87%
10.00% IDFC -16.12.13
Bank of Baroda CD - 24.09.2010
183,055
0.79%
10.10% HDFC - 13.09.17
4,641
0.02%
Bank of India CD - 11.03.2011
138,087
0.60%
10.25% HDFC 2012 - 29.05.12
1,299
0.01%
Bank of India CD - 18.03.2011
108,628
0.47%
10.35% HDFC 2017 - 16.05.17
8,201
0.04%
Canara Bank CD - 08.03.2011
210,770
0.91%
10.75% PFC - 15.07.2011
100,236
0.43%
Canara Bank CD - 11.10.2010
132,784
0.57%
10.90% REC - 30.09.13
100,612
0.44%
51,547
0.22%
126,821
0.55%
982
0.00%
1,145
0.00%
Central Bank of India CD - 04.10.2010
94,686
0.41%
10.90% REC 2013- 14.08.2013
Corporation Bank CD - 21.02.2011
66,010
0.29%
10.95% REC - 14.08.11
HDFC Bank Ltd
399,229
1.73%
11.25% HDFC - 04.09.18
ICICI Bank Ltd
561,464
2.43%
11.25% PFC - 28.11.18
126
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Kotak Guaranteed Growth Fund
% of Total Funds
11.40% PFC - 28.11.13
8,406
0.04%
11.50% REC - 26.11.13
349,668
1.51%
9.07% REC - 28.02.2018
21,725
0.09%
11.75% REC - 03.11.11
10,306
0.04%
9.20% NABARD 2012- 16.08.2012
23,406
0.10%
9.01% PFC - 15.02.11
Kotak Guaranteed Growth Fund
% of Total Funds
13,690
0.06%
12% REC SLR - 21.02.2012
43,519
0.19%
9.22% PFC - 28.12.12
20,642
0.09%
12.40% Sundaram Fin - 02.08.10
36,612
0.16%
9.25% PFC - 20.02.2012
33,182
0.14%
6.70% KMPL - 22.07.2010
240,324
1.04%
9.32% HDFC - 17.12.12
9,987
0.04%
6.75% NHB - 21.12.2012
168,953
0.73%
9.35% ILFS - 22.10.10
17,160
0.07%
6.90% NHB - 01.09.2012 P-C 11
135,307
0.59%
9.40% NABARD 2011- 05.05.2011
88,130
0.38%
6.90% NHB P-C - 30.10.2012
115,889
0.50%
9.40% NHB - 17.12.2013
152,120
0.66%
4,807
0.02%
9.50% Exim - 12.12.13
234,962
1.02%
7.24% LIC Housing Finance 23.06.2011
12,037
0.05%
14,033
0.06%
9.50% Nabard - 15.10.12
139,980
0.61%
7.40% KMPL - 24.08.2010
97,821
0.42%
9.65% NABARD - 12.03.12
150,945
0.65%
7.45% IRFC - 27.04.2014
43,736
0.19%
7.20% REC - 17.03.2012
9.50% HDFC - 27.02.13
9.68% IRFC - 03.07.10
32,175
0.14%
9.85% NABARD 2012
94,247
0.41%
5,204
0.02%
40,144
0.17%
310,223
1.34%
55,365
0.24%
184,156
0.80%
IRFC Floater INBMK + 37 bps 22.06.2010
27,054
0.12%
PFC Floater Mibor +215 bps 29.05.11
44,020
0.19%
Power Finance Corporation Ltd
52,729
0.23%
7.64% LIC Housing Finance26.02.2012
100,947
0.44%
7.75% REC - 17.11.2012
124,175
0.54%
7.80% Sundaram Finance 2011 28.07.2011
111,807
0.48%
7.90% REC - 06.10.2012
149,973
0.65%
9,111
0.04%
8.33% Bajaj Auto Finance 19.08.2011
IDFC Ltd Floater Mibor+ 210 bps 28.04.2011
56,952
0.25%
8.35% REC - 04.09.2014
26,337
0.11%
Infrastructure Development Finance Company Ltd
8.28 IDFC 2011
8.40% HDFC - 08.12.2014
23,550
0.10%
8.45% PFC - 15.10.2014
37,331
0.16%
8.49% IRFC - 30.03.2014
11,478
0.05%
8.5% LIC Housing Finance 9 June 11
11,937
0.05%
8.50% EXIM 2011 - 12.09.2011 8.50% Exim Bank Bonds 2011 8.55% IRFC 2019-15.01.2019
Industry
46,375
0.20%
218,855
0.95%
139,151
0.60%
8.60% IRFC 2019 - 11.06.2019
1,973
0.01%
8.60% PFC 2014 - 07.08.2014
291,130
1.26%
8.80% PFC - 15.01.2025
59,480
0.26%
8.95% HDFC - 16.01.11
4,780
0.02%
8.95% PFC- 30.03.2015
10,151
0.04%
9.00% Bajaj Auto Finance 02.11.2012
40,795
0.18%
EXIM Floater INBMK + 33 bps 09.08.2010 HDFC Ltd ZCB - 09.03.2012 Housing Development Finance Corp. Ltd
Rural Electrification Corporation Ltd Total
77,892
0.34%
5,149,418
22.27%
345,255
1.49%
29,898
0.13%
Others Off shore extraction of petroleum Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included].
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
127
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Manufacture of other dairy products, n.e.c. Manufacture of biscuits, cakes and pastries
Kotak Guaranteed Growth Fund
% of Total Funds
134,294
0.58%
45,093
0.20%
Manufacture of malted foods including food for infants and invalids
90,869
0.39%
Manufacture of cigarette and cigarette tobacco
331,847
1.44%
7,220
0.03%
Production of liquid or gaseous fuels, illuminating oils, lubricating oils or greases or other products from crude petroleum or bituminous minerals Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of basic organic chemicals n.e.c.
1,028,785
4.45%
51,079
0.22%
Manufacture of paints, varnishes, enamels or lacquers
161,143
0.70%
Manufacture of allopathic pharmaceutical preparations
543,286
2.35%
Manufacture of cosmetics and toileteries (includes manufacture of pre-shave, shaving or after shave preparations; personal deodorants and anti-respirants; perfumed bath salts and other bath preparations; beauty or make-up preparations and preparations for the care of the skin, other than medicaments; manicure and pedicure preparations etc.) Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.)
128
85,961
188,412
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
0.37%
0.81%
Industry
Kotak Guaranteed Growth Fund
% of Total Funds
Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers
138,012
0.60%
Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils)
449,838
1.95%
Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings)
204,710
0.89%
Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler.
386,527
1.67%
Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers
147,968
0.64%
Manufacture of motor cars
134,424
0.58%
Manufacture of jeeps and station wagons
159,699
0.69%
Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520)
95,779
0.41%
Generation and transmission of electricity: hydro-electric power plants
573,468
2.48%
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Manufacture of gas; distribution of gaseous fuels through mains Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Provision of basic telecom services: telephone, telex and telegraph (includes the activities of STD/ISD booths) Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Activities of housing finance companies. (Granting of credit for house purchase by specialised institutions that do not also take deposits is included here) Activities of Mutual Funds including Unit Trust of India Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) Production, supply and documentation of ready-made (non-customized) software News agency activities Government of India State Government Bonds/Development Loans Net Assets Grand Total
Kotak Guaranteed Growth Fund
% of Total Funds
Industry
1,435,739
6.21%
Monetary intermediation of commercial banks, saving banks and discount houses
268,002
1.16%
9.20% BOB Perpetual Bond09.10.2019 9.85% HDFC Bank 2019 - 17.03.2024 Axis Bank CD - 23.11.2010
554,353
291,337
38,653
242,781
10,434 40,000
2.40%
1.26%
0.17%
1.05%
0.05% 0.17%
1.53% 0.47%
Bank of India CD - 11.03.2011
2,521
1.01%
Bank of India CD - 18.03.2011
1,803
0.72%
HDFC Bank Ltd
4,283
1.71%
ICICI Bank Ltd
6,081
2.43%
Oriental Bank of Commerce CD 20.08.2010
5,043
2.01%
Oriental Bank of Commerce CD 26.10.2010
1,942
0.78%
PNB CD - 15.07.2010
3,033
1.21%
Punjab National Bank
81
0.03%
State Bank of Bikaner & Jaipur CD -04.03.11
3,003
1.20%
State Bank of Bikaner & Jaipur CD 04.01.2011
2,534
1.01%
State Bank of Hyderabad CD 04.01.2011
2,027
0.81%
State Bank of India
3,564
1.42%
State Bank of Patiala CD - 15.11.2010
1,015
0.41%
State Bank of Travancore CD 09.03.2011
5,015
2.00%
Union Bank of India CD - 07.10.2010
2,914
1.16%
60,494
24.16%
358
0.14%
83,431
0.36%
10.90% REC - 30.09.13
1,796,011
7.77%
11.50% REC - 26.11.13
100.00%
0.21% 0.84%
Activities of hire - purchase financing
23,122,401
521 3,843 2,115
6.15%
0.44%
3.18%
1,183
1,421,250
101,571
7,975
Axis Bank Ltd
1.40%
0.29%
% of Total Funds
Bank of Baroda
324,233
67,298
Kotak Pension Growth Fund
Total
150
0.06%
7.20% REC - 17.03.2012
1,969
0.79%
7.64% LIC Housing Finance26.02.2012
5,047
2.02%
7.90% REC - 06.10.2012
2,511
1.00%
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
129
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
8.50% EXIM 2011 - 12.09.2011
Kotak Pension Growth Fund
% of Total Funds
28
0.01%
175
0.07%
8.60% IRFC 2019 - 11.06.2019
10
0.00%
8.60% PFC 2014 - 07.08.2014
2,748
1.10%
189
0.08%
4,727
1.89%
8.55% IRFC 2019-15.01.2019
9.40% NHB - 17.12.2013 9.45% REC - 04.04.13 9.50% Exim - 12.12.13
4,947
1.98%
9.85% NABARD 2012
9,200
3.67%
Housing Development Finance Corp. Ltd
4,312
1.72%
Infrastructure Development Finance Company Ltd
1,976
0.79%
Power Finance Corporation Ltd
526
0.21%
Rural Electrification Corporation Ltd
769
0.31%
39,644
15.83%
Total Government of India
1,726
0.69%
6.05% GOI 2019 - 02.02.19
10.25% GOI - 30.05.21
56
0.02%
6.35% GOI 2020 - 02.01.20
2,572
1.03%
709
0.28%
6.49% GOI - 08.06.2015
Industry
Kotak Pension Growth Fund
% of Total Funds
1,335
0.53%
Manufacture of biscuits, cakes and pastries
443
0.18%
Manufacture of malted foods including food for infants and invalids
729
0.29%
3,545
1.42%
Production of liquid or gaseous fuels, illuminating oils, lubricating oils or greases or other products from crude petroleum or bituminous minerals
75
0.03%
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699)
9,380
3.75%
546
0.22%
1,560
0.62%
5,601
2.24%
904
0.36%
1,793
0.72%
Manufacture of other dairy products, n.e.c.
Manufacture of cigarette and cigarette tobacco
6.90% GOI - 13.07.2019
9,330
3.73%
7.27% GOI - 03.09.13
8,149
3.25%
7.40% GOI 2012 - 03.05.12
2,560
1.02%
7.40% GOI 2035 - 09.09.35
242
0.10%
Manufacture of paints, varnishes, enamels or lacquers Manufacture of allopathic pharmaceutical preparations
7.47% OMC GOI Special Bond 07.03.12
2,431
0.97%
7.56% GOI 2014 - 03.11.14
3,475
1.39%
7.59% GOI 2016
2,954
1.18%
542
0.22%
34,842
13.91%
3,653
1.46%
Manufacture of cosmetics and toileteries (includes manufacture of pre-shave, shaving or after shave preparations; personal deodorants and anti-respirants; perfumed bath salts and other bath preparations; beauty or make-up preparations and preparations for the care of the skin, other than medicaments; manicure and pedicure preparations etc.)
0.13%
Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.)
8.20% GOI - 15.02.22
53
0.02%
8.35% GOI - 14.05.22
43
0.02%
9.39% GOI 02-July-2011 Total Others Off shore extraction of petroleum Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included].
130
Manufacture of basic organic chemicals n.e.c.
323
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler.
% of Total Funds
1,534
3,556
2,269
4,320
0.61%
1.42%
0.91%
1.73%
4,877
1.95%
Manufacture of motor cars
1,381
0.55%
Manufacture of jeeps and station wagons
1,705
0.68%
Generation and transmission of electricity: hydro-electric power plants
Industry
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c.
Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers
Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520)
Kotak Pension Growth Fund
Kotak Pension Growth Fund
% of Total Funds
16,594
6.63%
Manufacture of gas; distribution of gaseous fuels through mains
2,811
1.12%
Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.]
4,919
1.96%
Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles.
9,922
3.96%
Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc.
2,706
1.08%
Activities of Mutual Funds including Unit Trust of India
2,440
0.97%
310
0.12%
16,545
6.61%
899
0.36%
2,587
1.03%
250,399
100.00%
Kotak Aggressive Growth Fund
% of Total Funds
10.50% SBI 12042007
1,223
0.03%
9.40% ICICI 28th December 2011
6,202
0.17%
9.50% Kotak Bank FD 31.01.2012
4,350
0.12%
Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) Production, supply and documentation of ready-made (non-customized) software News agency activities Net Assets Grand Total Industry
Monetary intermediation of commercial banks, saving banks and discount houses 1,099 5,059
0.44% 2.02%
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
131
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Kotak Aggressive Growth Fund
% of Total Funds
Axis Bank Ltd
67,445
1.87%
Bank of Baroda
34,994
0.97%
HDFC Bank Ltd
124,732
3.45%
ICICI Bank Ltd
203,356
5.63%
Oriental Bank of Commerce CD 20.08.2010
28,242
0.78%
Punjab National Bank
54,805
1.52%
State Bank of India
84,123
2.33%
Union Bank of India CD - 07.10.2010 YES BANK LTD Total
9,714
0.27%
51,497
1.43%
670,683
18.56%
Production, supply and documentation of ready-made (non-customized) software Infosys Technologies Ltd
213,490
5.91%
Mphasis Ltd
31,358
0.87%
Patni Computer Systems Ltd
43,120
1.19%
Tata Consultancy Services Ltd
110,952
3.07%
67,699
1.87%
466,619
12.91%
Off shore extraction of petroleum
65,067
1.80%
Services incidental to off shore oil extraction
29,268
0.81%
Wipro Ltd Total Others
Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included].
10,699
0.30%
Manufacture of other dairy products, n.e.c.
46,500
1.29%
107,801
2.98%
Manufacture of cigarette and cigarette tobacco Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699)
132
185,556
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
5.13%
Industry
Manufacture of paints, varnishes, enamels or lacquers Manufacture of allopathic pharmaceutical preparations Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers
Kotak Aggressive Growth Fund
% of Total Funds
50,137
1.39%
224,092
6.20%
66,839
1.85%
Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils)
196,036
5.42%
Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings)
116,181
3.22%
Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler.
100,548
2.78%
Manufacture of generators/generating sets
52,556
1.45%
Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers
51,358
1.42%
Manufacture of motor cars
54,302
1.50%
Manufacture of jeeps and station wagons
64,504
1.79%
Generation and transmission of electricity: hydro-electric power plants
97,492
2.70%
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Manufacture of gas; distribution of gaseous fuels through mains Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.]
% of Total Funds
Industry
Government of India 15,176
0.42%
106,325
2.94%
Net Assets
% of Total Funds
1,815
0.05%
27,649
0.77%
3,613,624
100.00%
Kotak Advantage Multiplier Fund
% of Total Funds
788
1.15%
9.40% ICICI 28th December 2011
1,247
1.82%
9.50% Kotak Bank FD 31.01.2012
1,097
1.60%
9.98% ICICI Perpetual Bond 13.09.16
1,362
1.99%
613
0.90%
Grand Total Industry
111,956
Kotak Aggressive Growth Fund
3.10% Monetary intermediation of commercial banks, saving banks and discount houses 10.50% SBI 12042007
179,385
4.96%
Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc.
HDFC Bank Ltd
1,761
2.58%
71,571
1.98%
ICICI Bank Ltd
2,698
3.95%
Activities of hire - purchase financing
291,664
8.07%
Activities of Mutual Funds including Unit Trust of India
24,390
0.67%
Oriental Bank of Commerce CD 20.08.2010
504
0.74%
Oriental Bank of Commerce CD 22.10.2010
1,213
1.77%
316
0.46%
1,013
1.48%
Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) News agency activities Undifferenciated service-producing activities of private households for own use. [Includes the undifferenciated subsistence. [Includes the undifferenciated subsistence service-producing activities of households. These activities include cooking, teaching, caring for household members and other services produced by the household for its own subsistence. In application, if households are also engaged in the production of multiple goods for subsistence purposes, they are classified to the undifferenciated subsistence service-producing activities of households.]
Kotak Aggressive Growth Fund
Axis Bank Ltd
10,501 82,308
0.29% 2.28%
Punjab National Bank State Bank of Hyderabad CD 04.01.2011 State Bank of India
1,426
2.08%
14,040
20.53%
10.25% HDFC 2012 - 29.05.12
169
0.25%
10.35% HDFC 2017 - 16.05.17
2,976
4.35%
37
0.05%
664
0.97%
1,006
1.47%
Total Activities of hire - purchase financing
11.25% HDFC - 04.09.18 11.40% PFC - 28.11.13 7.80% Sundaram Finance 2011 28.07.2011 8.50% EXIM 2011 - 12.09.2011
34,646
0.96%
199
0.29%
8.50% Exim Bank Bonds 2011
1,158
1.69%
8.60% PFC 2014 - 07.08.2014
1,001
1.46%
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
133
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Kotak Advantage Multiplier Fund
% of Total Funds
9.32% HDFC - 17.12.12
55
0.08%
9.50% HDFC - 27.02.13
60
0.09%
Housing Development Finance Corp. Ltd
1,845
2.70%
Infrastructure Development Finance Company Ltd
270
0.39%
Reliance Capital Ltd
229
0.33%
9,670
14.14%
1,657
2.42%
Total Others Off shore extraction of petroleum Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included].
111
0.16%
Manufacture of cigarette and cigarette tobacco
1,937
2.83%
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699)
4,547
6.65%
Manufacture of allopathic pharmaceutical preparations
961
1.40%
Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.)
673
0.98%
Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers
873
1.28%
Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils)
134
1,953
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
2.86%
Industry
Kotak Advantage Multiplier Fund
% of Total Funds
Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings)
1,171
1.71%
Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler.
1,045
1.53%
Manufacture of electricity distribution and control apparatus [electrical apparatus for switching or protecting electrical circuits (e.g. switches, fuses, voltage limiters, surge suppressors, junction boxes etc.) for a voltage exceeding 1000 volts; similar apparatus (including relays, sockets etc.) for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors.]
496
0.73%
Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers
533
0.78%
Manufacture of motor cars
512
0.75%
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Manufacture of jeeps and station wagons
% of Total Funds
644
0.94%
465
0.68%
Generation and transmission of electricity: hydro-electric power plants
1,648
2.41%
Manufacture of gas; distribution of gaseous fuels through mains Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Activities of Mutual Funds including Unit Trust of India Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.)
5,300 544
7.75% 0.79%
290
0.42%
% of Total Funds
13,876
2.07%
9.40% ICICI 28th December 2011
6,712
1.00%
9.50% Kotak Bank FD 31.01.2012
2,081
0.31%
Axis Bank Ltd
6,295
0.94%
Bank of India CD - 11.03.2011
50,114
7.49%
HDFC Bank Ltd
16,758
2.51%
ICICI Bank Ltd
26,439
3.95%
2,017
0.30%
Oriental Bank of Commerce CD 20.08.2010 Oriental Bank of Commerce CD 22.10.2010
4,349
0.65%
Punjab National Bank
3,196
0.48%
State Bank of India Total
5,067
0.76%
14,335
2.14%
151,239
22.62%
Activities of hire - purchase financing 10.25% HDFC 2012 - 29.05.12
7,650
1.14%
14,454
2.16%
7.80% Sundaram Finance 2011 28.07.2011
8,052
1.20%
8.28 IDFC 2011
1,085
0.16%
8.5% LIC Housing Finance 9 June 11
3,602
0.54%
8.50% EXIM 2011 - 12.09.2011
3,569
0.53%
8.50% Exim Bank Bonds 2011
17,053
2.55%
8.60% PFC 2014 - 07.08.2014
6,643
0.99%
8.95% HDFC - 16.01.11
8,697
1.30%
6.90% NHB P-C - 30.10.2012 2,809
1,394 950
4,086
4.11%
2.04% 1.39%
5.97%
5,631
8.23%
Government of India
4,270 182 68,388
100.00%
Grand Total
Kotak Advantage Plus Fund
Monetary intermediation of commercial banks, saving banks and discount houses
State Bank of Hyderabad CD 04.01.2011
Production, supply and documentation of ready-made (non-customized) software
Net Assets
Industry
10.50% SBI 12042007
Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520)
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c.
Kotak Advantage Multiplier Fund
9.01% PFC - 15.02.11
6,381
0.95%
9.32% HDFC - 17.12.12
5,750
0.86%
9.50% HDFC - 27.02.13
916
0.14%
462
0.07%
17,798
2.66%
9.65% NABARD - 12.03.12 Housing Development Finance Corp. Ltd
6.24%
Infrastructure Development Finance Company Ltd
2,739
0.41%
0.27%
Reliance Capital Ltd
2,320
0.35%
107,169
16.03%
Total
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
135
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Kotak Advantage Plus Fund
% of Total Funds
Others Off shore extraction of petroleum
14,885
2.23%
1,125
0.17%
Manufacture of cigarette and cigarette tobacco
17,841
2.67%
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699)
51,043
7.63%
Manufacture of allopathic pharmaceutical preparations
9,607
1.44%
Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.)
6,866
1.03%
Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers
8,806
1.32%
Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included].
Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings)
136
19,227
11,942
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
2.88%
1.79%
Industry
Kotak Advantage Plus Fund
% of Total Funds
Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler.
10,423
1.56%
Manufacture of electricity distribution and control apparatus [electrical apparatus for switching or protecting electrical circuits (e.g. switches, fuses, voltage limiters, surge suppressors, junction boxes etc.) for a voltage exceeding 1000 volts; similar apparatus (including relays, sockets etc.) for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors.]
4,967
0.74%
Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers
5,336
0.80%
Manufacture of motor cars
5,068
0.76%
Manufacture of jeeps and station wagons
5,591
0.84%
Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520)
4,497
0.67%
Generation and transmission of electricity: hydro-electric power plants
16,187
2.42%
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Kotak Advantage Plus Fund
% of Total Funds
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c.
1,858
0.28%
Manufacture of gas; distribution of gaseous fuels through mains
Monetary intermediation of commercial banks, saving banks and discount houses
5,204
0.78%
Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc.
0.44%
27,737
49,014
13,712
4.15%
7.33%
2.05%
% of Total Funds
10.50% SBI 12042007
452
0.98%
9.40% ICICI 28th December 2011
605
1.31%
9.50% Kotak Bank FD 31.01.2012
897
1.94%
1,167
2.52%
412
0.89%
HDFC Bank Ltd
1,485
3.20%
ICICI Bank Ltd
1,814
3.91%
Oriental Bank of Commerce CD 20.08.2010
807
1.74%
Oriental Bank of Commerce CD 22.10.2010
607
1.31%
Punjab National Bank
214
0.46%
State Bank of Bikaner & Jaipur CD 04.01.2011
1,014
2.19%
State Bank of Hyderabad CD 04.01.2011
1,013
2.19%
966
2.08%
11,455
24.71%
10.25% HDFC 2012 - 29.05.12
345
0.74%
10.35% HDFC 2017 - 16.05.17
1,162
2.51%
7.75% REC - 17.11.2012
1,001
2.16%
7.80% Sundaram Finance 2011 28.07.2011
518
1.12%
8.28 IDFC 2011
114
0.25%
9.98% ICICI Perpetual Bond 13.09.16
State Bank of India Total
10,434
1.56%
Activities of Mutual Funds including Unit Trust of India
16,150
2.42%
Activities of hire - purchase financing
11,185
Production, supply and documentation of ready-made (non-customized) software
53,963
Government of India Net Assets Grand Total
Kotak Advantage Multiplier Fund II
Axis Bank Ltd
Activities of housing finance companies. (Granting of credit for house purchase by specialised institutions that do not also take deposits is included here)
Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.)
2,963
Industry
1.67%
8.49% IRFC - 30.03.2014
1,939
4.18%
8.07%
8.50% EXIM 2011 - 12.09.2011
127
0.27%
27,737
4.15%
8.50% Exim Bank Bonds 2011
733
1.58%
(3,045)
-0.46%
8.60% PFC 2014 - 07.08.2014
1,001
2.16%
668,733
100.00%
311
0.67%
8.95% HDFC - 16.01.11
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
137
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Kotak Advantage Multiplier Fund II
% of Total Funds
9.32% HDFC - 17.12.12
178
0.38%
9.40% NHB - 17.12.2013
100
0.22%
9.50% HDFC - 27.02.13
34
0.07%
Housing Development Finance Corp. Ltd
1,258
2.71%
Infrastructure Development Finance Company Ltd
183
0.39%
Reliance Capital Ltd
154
0.33%
9,158
19.75%
1,169
2.52%
Total Others Off shore extraction of petroleum Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included].
76
0.16%
Manufacture of cigarette and cigarette tobacco
1,318
2.84%
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699)
3,200
6.90%
Manufacture of allopathic pharmaceutical preparations
642
1.38%
Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.)
455
0.98%
Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers
593
1.28%
1,337
2.88%
Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils)
138
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Industry
Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. Manufacture of electricity distribution and control apparatus [electrical apparatus for switching or protecting electrical circuits (e.g. switches, fuses, voltage limiters, surge suppressors, junction boxes etc.) for a voltage exceeding 1000 volts; similar apparatus (including relays, sockets etc.) for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors.] Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers Manufacture of motor cars Manufacture of jeeps and station wagons
Kotak Advantage Multiplier Fund II
% of Total Funds
792
1.71%
710
1.53%
332
0.72%
359 345
0.77% 0.74%
374
0.81%
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
% of Total Funds
309
0.67%
Generation and transmission of electricity: hydro-electric power plants
1,137
2.45%
488
1.05%
Manufacture of gas; distribution of gaseous fuels through mains
351
0.76%
Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc. Activities of Mutual Funds including Unit Trust of India Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.)
% of Total Funds
10.50% SBI 12042007
11,858
2.26%
9.40% ICICI 28th December 2011
10,824
2.07%
708
0.14%
4,960
0.95%
HDFC Bank Ltd
12,970
2.47%
ICICI Bank Ltd
20,509
3.91%
Oriental Bank of Commerce CD 20.08.2010
3,026
0.58%
Punjab National Bank
2,509
0.48%
Axis Bank Ltd
State Bank of Hyderabad CD 04.01.2011 196
0.42%
5,067
0.97%
State Bank of India
11,164
2.13%
Total
83,596
15.95%
6.75% NHB - 21.12.2012
9,829
1.88%
6.90% NHB P-C - 30.10.2012
Activities of hire - purchase financing
1,882
4.06%
5,600
1.07%
7.64% LIC Housing Finance26.02.2012
20,189
3.85%
7.90% REC - 06.10.2012
37,885
7.23%
921
0.18%
10,292
1.96%
717
0.14%
Housing Development Finance Corp. Ltd
13,757
2.62%
Infrastructure Development Finance Company Ltd
2,159
0.41%
Reliance Capital Ltd
1,835
0.35%
103,184
19.69%
7.40% GOI 2012 - 03.05.12
72,426
13.82%
Total
72,426
13.82%
11,661
2.22%
9.32% HDFC - 17.12.12 9.50% Nabard - 15.10.12 941 190
769
2.03% 0.41%
1.66%
9.65% NABARD - 12.03.12
Total
Production, supply and documentation of ready-made (non-customized) software
3,867
8.34%
Government of India
4,283
9.24%
Net Assets
(366)
-0.79%
46,361
100.00%
Grand Total
Kotak Advantage Plus Fund II
9.50% Kotak Bank FD 31.01.2012
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c.
Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.]
Industry
Monetary intermediation of commercial banks, saving banks and discount houses
Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520)
Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc.
Kotak Advantage Multiplier Fund II
Government of India
Others Off shore extraction of petroleum
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
139
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Kotak Advantage Plus Fund II
% of Total Funds
Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included].
873
0.17%
Manufacture of cigarette and cigarette tobacco
14,004
2.67%
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699)
34,395
6.56%
Manufacture of allopathic pharmaceutical preparations
7,508
1.43%
Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.)
5,388
1.03%
Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler.
140
6,922
14,889
9,385
8,088
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
1.32%
2.84%
1.79%
1.54%
Industry
Kotak Advantage Plus Fund II
% of Total Funds
Manufacture of electricity distribution and control apparatus [electrical apparatus for switching or protecting electrical circuits (e.g. switches, fuses, voltage limiters, surge suppressors, junction boxes etc.) for a voltage exceeding 1000 volts; similar apparatus (including relays, sockets etc.) for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors.]
3,884
0.74%
Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-theroad tractors for semi - trailers
4,173
0.80%
Manufacture of motor cars
3,950
0.75%
Manufacture of jeeps and station wagons
4,372
0.83%
Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520)
3,453
0.66%
Generation and transmission of electricity: hydro-electric power plants
12,753
2.43%
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c.
1,459
0.28%
Manufacture of gas; distribution of gaseous fuels through mains
3,972
0.76%
Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc.
2,364
0.45%
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.]
Kotak Advantage Plus Fund II
% of Total Funds
21,640
4.13%
2.03%
Activities of Mutual Funds including Unit Trust of India
13,180
2.51%
Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.)
21,002
4.01%
Production, supply and documentation of ready-made (non-customized) software
41,924
8.00%
3,014
0.58%
524,089
100.00%
Frontline Equity Fund
% of Total Funds
Axis Bank Ltd
2,894
1.73%
Bank of Baroda
1,444
0.86%
HDFC Bank Ltd
5,161
3.08%
ICICI Bank Ltd
8,651
Oriental Bank of Commerce CD 20.08.2010 Oriental Bank of Commerce CD 22.10.2010
Industry
State Bank of Bikaner & Jaipur CD -04.03.11
State Bank of India
3,626
2.17%
YES BANK LTD
2,179
1.30%
27,896
16.67%
Infosys Technologies Ltd
9,342
5.58%
Mphasis Ltd
1,449
0.87%
Patni Computer Systems Ltd
1,443
0.86%
Tata Consultancy Services Ltd
4,962
2.97%
Wipro Ltd
2,927
1.75%
20,123
12.03%
Off shore extraction of petroleum
2,908
1.74%
Services incidental to off shore oil extraction
1,447
0.87%
Total Others
Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included].
263
0.16%
Manufacture of other dairy products, n.e.c.
2,182
1.30%
Manufacture of cigarette and cigarette tobacco
4,264
2.55%
5.17%
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699)
8,632
5.16%
504
0.30%
Manufacture of paints, varnishes, enamels or lacquers
2,147
1.28%
506
0.30%
Manufacture of allopathic pharmaceutical preparations
9,558
5.71%
2,192
1.31%
741
0.44%
Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers
2,911
1.74%
Monetary intermediation of commercial banks, saving banks and discount houses
Punjab National Bank
% of Total Funds
Total
10,628
Grand Total
Frontline Equity Fund
Production, supply and documentation of ready-made (non-customized) software
Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc.
Net Assets
Industry
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
141
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. Manufacture of generators/generating sets
Frontline Equity Fund
% of Total Funds
8,053
4,351
4,327 2,201
4.81%
2.60%
2.59% 1.32%
Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-theroad tractors for semi - trailers
5,079
3.04%
Manufacture of motor cars
2,196
1.31%
Manufacture of jeeps and station wagons
2,862
1.71%
Generation and transmission of electricity: hydro-electric power plants
3,665
2.19%
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c.
3,176
1.90%
Manufacture of gas; distribution of gaseous fuels through mains
4,414
2.64%
Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc.
142
4,428
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
2.65%
Industry
Frontline Equity Fund
% of Total Funds
Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.]
7,966
4.76%
Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles.
200
0.12%
Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc.
2,921
1.75%
Activities of hire - purchase financing
10,301
6.16%
Activities of Mutual Funds including Unit Trust of India
6,050
3.62%
News agency activities
3,564
2.13%
Undifferenciated service-producing activities of private households for own use. [Includes the undifferenciated subsistence. [Includes the undifferenciated subsistence service-producing activities of households. These activities include cooking, teaching, caring for household members and other services produced by the household for its own subsistence. In application, if households are also engaged in the production of multiple goods for subsistence purposes, they are classified to the undifferenciated subsistence service-producing activities of households.]
1,480
0.88%
Government of India
2,192
1.31%
Net Assets
5,543
3.31%
167,303
100.00%
Grand Total
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Pension Frontline Equity Fund
% of Total Funds
Monetary intermediation of commercial banks, saving banks and discount houses Axis Bank Ltd
211
1.04%
Bank of Baroda
106
0.52%
Bank of Baroda CD - 15.02.2011
101
0.50%
HDFC Bank Ltd
381
1.88%
ICICI Bank Ltd
635
3.14%
PNB CD - 12.08.2010
190
0.94%
Punjab National Bank
163
0.81%
State Bank of India
266
1.31%
64
0.32%
160
0.79%
2,278
11.25%
Off shore extraction of petroleum
212
1.05%
Services incidental to off shore oil extraction
106
0.52%
State Bank of Travancore CD 09.03.2011 YES BANK LTD Total Others
Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included].
19
0.09%
Manufacture of other dairy products, n.e.c.
160
0.79%
Manufacture of cigarette and cigarette tobacco
314
1.55%
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699)
634
3.13%
Manufacture of paints, varnishes, enamels or lacquers
155
0.77%
Manufacture of allopathic pharmaceutical preparations
700
3.46%
Industry
Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. Manufacture of generators/generating sets Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-theroad tractors for semi - trailers Manufacture of motor cars Manufacture of jeeps and station wagons Generation and transmission of electricity: hydro-electric power plants Manufacture of gas; distribution of gaseous fuels through mains Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc.
Pension Frontline Equity Fund
% of Total Funds
211
1.04%
591
2.92%
319
1.58%
320
1.58%
161
0.80%
161 163
0.79% 0.81%
211
1.04%
273
1.35%
325
1.60%
318
1.57%
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
143
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles.
Pension Frontline Equity Fund
% of Total Funds
Industry
Kotak Opportunities Fund
% of Total Funds
4,984
0.13%
Axis Bank Ltd
65,685
1.74%
Bank of Baroda
66,474
1.76%
9,482
0.25%
17,544
0.46%
Monetary intermediation of commercial banks, saving banks and discount houses 9.20% BOB Perpetual Bond09.10.2019 586
2.89%
Bank of Baroda CD - 15.02.2011 Bank of India CD - 11.03.2011 255
1.26%
Bank of India CD - 18.03.2011 Canara Bank
8,614
0.23%
34,231
0.91%
5,341
0.14%
10,070
0.27%
Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc.
215
1.06%
HDFC Bank Ltd
101,932
2.69%
Activities of hire - purchase financing
650
3.21%
ICICI Bank Ltd
Activities of Mutual Funds including Unit Trust of India Production, supply and documentation of ready-made (non-customized) software News agency activities
Central Bank of India CD - 04.10.2010 Corporation Bank CD - 21.02.2011
710
3.51%
1,477
7.29%
262
1.29%
171,943
4.55%
IndusInd Bank Limited
36,081
0.95%
Oriental Bank of Commerce CD 20.08.2010
10,086
0.27%
Oriental Bank of Commerce CD 22.10.2010
5,430
0.14%
PNB CD - 12.08.2010
13,156
0.35%
State Bank of India
79,339
2.10%
4,872
0.13%
Undifferenciated service-producing activities of private households for own use. [Includes the undifferenciated subsistence. [Includes the undifferenciated subsistence serviceproducing activities of households. These activities include cooking, teaching, caring for household members and other services produced by the household for its own subsistence. In application, if households are also engaged in the production of multiple goods for subsistence purposes, they are classified to the undifferenciated subsistence service-producing activities of households.]
109
0.54%
Government of India
970
4.79%
Tata Consultancy Services Ltd
7,390
36.49%
20,252
100.00%
Net Assets Grand Total
144
State Bank of Mysore CD - 07.10.2010 Union Bank of India CD - 07.10.2010 Total
7,771
0.21%
653,037
17.27%
Production, supply and documentation of ready-made (non-customized) software 10.25% Tech Mahindra Ltd 17.04.2013
2,670
0.07%
47,144
1.25%
177,194
4.68%
Mindtree Ltd
34,515
0.91%
Oracle Financial Services Software Ltd
33,926
0.90%
129,764
3.43%
64,400
1.70%
489,612
12.94%
Financial Technologies (India) Ltd Infosys Technologies Ltd
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Wipro Ltd Total
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Kotak Opportunities Fund
% of Total Funds
61,601
1.63%
Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils)
Others Off shore extraction of petroleum Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included].
10,311
0.27%
Manufacture of malted foods including food for infants and invalids
44,590
1.18%
Distilling, rectifying and blending of spirits; ethyl alcohol production from fermented materials n.e.c. (other than soft drinks, mineral water & wine)
33,114
0.88%
Manufacture of malt liquors other than beer
36,368
0.96%
Manufacture of cigarette and cigarette tobacco
50,513
1.34%
Publishing of newspapers.
20,631
0.55%
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699)
4.64%
Manufacture of basic organic chemicals n.e.c.
29,652
0.78%
Manufacture of paints, varnishes, enamels or lacquers
30,636
0.81%
271,775
7.19%
Manufacture of allopathic pharmaceutical preparations
175,666
Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers
33,361
0.88%
Manufacture of semi -finished stainless steel of these shapes
50,362
1.33%
Industry
Kotak Opportunities Fund
% of Total Funds
138,199
3.65%
Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings)
85,922
2.27%
Manufacturing of Zinc (includes basic processing, smelting, refining for production of base metal; its further processing and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings)
53,329
1.41%
Casting of iron and steel
36,216
0.96%
Manufacture of steam or other vapour generating boilers and hot water boilers other than central heating boilers
33,688
0.89%
Manufacture of reciprocatory or rotary spark-ignition or compressionignition internal combustion piston engines for use in moving or stationary applications other than for motorvehicles or aircraft propulsion.
34,530
0.91%
Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler.
67,835
1.79%
Manufacture of generators/generating sets
33,771
0.89%
Manufacture of primary cells and primary batteries: cells containing manganese oxide, mercuric oxide, silver oxide or other material
36,157
0.96%
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
145
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Kotak Opportunities Fund
% of Total Funds
Industry
Kotak Opportunities Fund
% of Total Funds
Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles.
39,211
1.04%
Retail sale in non-specialized stores with food, beverages or tobacco predominating [Includes mainly the socalled general stores which have, apart from their main sales of groceries, several other lines of merchandise such as cosmetics, clothing etc.]
30,917
0.82%
Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers
21,021
0.56%
Manufacture of jeeps and station wagons
65,601
1.73%
Provision of basic telecom services: telephone, telex and telegraph (includes the activities of STD/ISD booths)
1,628
0.04%
1.44%
Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc.
69,058
1.83%
Activities of hire - purchase financing
302,860
8.01%
Activities of Mutual Funds including Unit Trust of India
Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520) Manufacture of gold jewellery: gold, silver and other precious metal jewellery; precious and semi-precious stone jewellery; gold and silver articles including presentation coins but not the coin used as a legal tender Generation and transmission of electricity: hydro-electric power plants Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Manufacture of gas; distribution of gaseous fuels through mains Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.]
146
54,541
33,271 138,723
0.88% 3.67%
15,870
0.42%
Real estate activities with own or leased property n.e.c.
34,292
0.91%
News agency activities
69,118
1.83%
Government of India
23,558
0.62%
Net Assets
52,073
1.38%
3,782,443
100.00%
Kotak Pension Opportunities Fund
% of Total Funds
Axis Bank Ltd
820
1.83%
Bank of Baroda
838
1.87%
Canara Bank
420
0.93%
HDFC Bank Ltd
1,353
3.01%
ICICI Bank Ltd
2,108
4.69%
438
0.98%
Grand Total 9,589
0.25%
44,577
1.18%
122,811
3.25%
Industry
Monetary intermediation of commercial banks, saving banks and discount houses
IndusInd Bank Limited 142,848
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
3.78%
State Bank of India
1,035
2.30%
Total
7,013
15.61%
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Kotak Pension Opportunities Fund
% of Total Funds
580
1.29%
2,216
4.93%
Mindtree Ltd
429
0.95%
Oracle Financial Services Software Ltd
529
1.18%
1,522
3.39%
787
1.75%
6,063
13.49%
Infosys Technologies Ltd
Tata Consultancy Services Ltd Wipro Ltd Total Others Off shore extraction of petroleum
842
1.87%
Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included].
141
0.31%
Manufacture of malted foods including food for infants and invalids
511
1.14%
Distilling, rectifying and blending of spirits; ethyl alcohol production from fermented materials n.e.c. (other than soft drinks, mineral water & wine)
423
0.94%
Manufacture of malt liquors other than beer
440
0.98%
Manufacture of cigarette and cigarette tobacco
611
1.36%
Publishing of newspapers.
284
0.63%
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of basic organic chemicals n.e.c.
Kotak Pension Opportunities Fund
% of Total Funds
306
0.68%
3,423
7.62%
Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers
411
0.91%
Manufacture of semi -finished stainless steel of these shapes
Manufacture of paints, varnishes, enamels or lacquers
Production, supply and documentation of ready-made (non-customized) software Financial Technologies (India) Ltd
Industry
2,163
4.81%
360
0.80%
Manufacture of allopathic pharmaceutical preparations
619
1.38%
Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils)
1,683
3.75%
Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings)
1,059
2.36%
Manufacturing of Zinc (includes basic processing, smelting, refining for production of base metal; its further processing and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings)
654
1.46%
Casting of iron and steel
441
0.98%
Manufacture of steam or other vapour generating boilers and hot water boilers other than central heating boilers
419
0.93%
Manufacture of reciprocatory or rotary spark-ignition or compressionignition internal combustion piston engines for use in moving or stationary applications other than for motorvehicles or aircraft propulsion.
434
0.97%
Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler.
834
1.86%
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
147
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Manufacture of generators/generating sets Manufacture of primary cells and primary batteries: cells containing manganese oxide, mercuric oxide, silver oxide or other material Manufacture of jeeps and station wagons Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520)
Kotak Pension Opportunities Fund
% of Total Funds
435
0.97%
445 787
Industry
Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc.
2,960
6.59%
1.75%
329
0.73%
Real estate activities with own or leased property n.e.c.
423
0.94%
1.48%
881
1.96%
Government of India
2,526
5.62%
Net Assets
(923)
-2.05%
44,934
100.00%
Classic Opportunities Fund
% of Total Funds
9,519
1.44%
0.92%
Generation and transmission of electricity: hydro-electric power plants
1,710
3.81%
Monetary intermediation of commercial banks, saving banks and discount houses
588
1.31%
Axis Bank Ltd
Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Retail sale in non-specialized stores with food, beverages or tobacco predominating [Includes mainly the socalled general stores which have, apart from their main sales of groceries, several other lines of merchandise such as cosmetics, clothing etc.]
148
Grand Total Industry
1,586
3.53%
Bank of Baroda
9,501
1.44%
Canara Bank
4,747
0.72%
HDFC Bank Ltd
14,542
2.20%
ICICI Bank Ltd
23,716
3.59%
IndusInd Bank Limited
4,744
0.72%
Oriental Bank of Commerce CD 20.08.2010
2,017
0.31%
State Bank of Bikaner & Jaipur CD -04.03.11
4,005
0.61%
State Bank of Hyderabad CD 04.01.2011 1,755
1.79%
Activities of Mutual Funds including Unit Trust of India
412
Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc.
805
Activities of hire - purchase financing
Manufacture of gold jewellery: gold, silver and other precious metal jewellery; precious and semi-precious stone jewellery; gold and silver articles including presentation coins but not the coin used as a legal tender
Manufacture of gas; distribution of gaseous fuels through mains
% of Total Funds
0.99%
News agency activities 663
Kotak Pension Opportunities Fund
3.91%
State Bank of India Total
405
0.06%
9,541
1.44%
82,737
12.53%
7,024
1.06%
26,008
3.94%
Production, supply and documentation of ready-made (non-customized) software Financial Technologies (India) Ltd 418
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
0.93%
Infosys Technologies Ltd
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Classic Opportunities Fund
% of Total Funds
Mindtree Ltd
4,781
0.72%
Oracle Financial Services Software Ltd
4,780
0.72%
Tata Consultancy Services Ltd Wipro Ltd Total
18,658
2.83%
9,634
1.46%
70,885
10.73%
Others Off shore extraction of petroleum
7,178
1.09%
Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included].
1,025
0.16%
Manufacture of malted foods including food for infants and invalids
5,778
0.87%
Distilling, rectifying and blending of spirits; ethyl alcohol production from fermented materials n.e.c. (other than soft drinks, mineral water & wine)
4,709
0.71%
Manufacture of malt liquors other than beer
0.72%
Manufacture of cigarette and cigarette tobacco
7,014
1.06%
Publishing of newspapers.
2,411
0.37%
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699)
Manufacture of semi -finished stainless steel of these shapes
Classic Opportunities Fund
% of Total Funds
7,056
1.07%
Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils)
18,753
2.84%
Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings)
11,915
1.80%
Manufacturing of Zinc (includes basic processing, smelting, refining for production of base metal; its further processing and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings)
7,038
1.07%
Casting of iron and steel
4,918
0.74%
Manufacture of steam or other vapour generating boilers and hot water boilers other than central heating boilers
4,840
0.73%
Manufacture of reciprocatory or rotary spark-ignition or compressionignition internal combustion piston engines for use in moving or stationary applications other than for motorvehicles or aircraft propulsion.
4,788
0.72%
9,491
1.44%
23,618
3.58%
Manufacture of basic organic chemicals n.e.c.
3,662
0.55%
Manufacture of paints, varnishes, enamels or lacquers
4,712
0.71%
Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler.
38,410
5.82%
Manufacture of generators/generating sets
4,829
0.73%
0.74%
Manufacture of primary cells and primary batteries: cells containing manganese oxide, mercuric oxide, silver oxide or other material
4,923
0.75%
Manufacture of allopathic pharmaceutical preparations Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers
4,723
Industry
4,910
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
149
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Manufacture of jeeps and station wagons Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520)
Classic Opportunities Fund
% of Total Funds
9,415
1.43%
Activities of hire - purchase financing
7,288
1.10%
4,798
0.73%
Generation and transmission of electricity: hydro-electric power plants
18,975
2.87%
Manufacture of gas; distribution of gaseous fuels through mains Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.]
Classic Opportunities Fund
% of Total Funds
38,880
5.89%
410
0.06%
Real estate activities with own or leased property n.e.c.
4,827
0.73%
News agency activities
9,626
1.46%
24,680
3.74%
Net Assets
138,026
20.90%
Grand Total
660,392
100.00%
Pension Classic Opportunities Fund
% of Total Funds
Industry
Others 6,451 7,169
16,513
18,504
0.98% 1.09%
2.50%
2.80%
Retail sale in non-specialized stores with food, beverages or tobacco predominating [Includes mainly the socalled general stores which have, apart from their main sales of groceries, several other lines of merchandise such as cosmetics, clothing etc.]
4,895
0.74%
Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc.
9,612
1.46%
150
Activities of Mutual Funds including Unit Trust of India
Government of India
Manufacture of gold jewellery: gold, silver and other precious metal jewellery; precious and semi-precious stone jewellery; gold and silver articles including presentation coins but not the coin used as a legal tender
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c.
Industry
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Off shore extraction of petroleum
523
0.76%
Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included].
65
0.09%
Manufacture of malted foods including food for infants and invalids
421
0.61%
Distilling, rectifying and blending of spirits; ethyl alcohol production from fermented materials n.e.c. (other than soft drinks, mineral water & wine)
345
0.50%
Manufacture of malt liquors other than beer
338
0.49%
Manufacture of cigarette and cigarette tobacco
512
0.75%
Publishing of newspapers.
176
0.26%
1,724
2.52%
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699)
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Pension Classic Opportunities Fund
% of Total Funds
Manufacture of basic organic chemicals n.e.c.
261
0.38%
Manufacture of paints, varnishes, enamels or lacquers
345
0.50%
2,789
4.07%
Manufacture of allopathic pharmaceutical preparations
Pension Classic Opportunities Fund
% of Total Funds
Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler.
696
1.02%
Manufacture of generators/generating sets
353
0.51%
Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers
359
0.52%
Manufacture of semi -finished stainless steel of these shapes
515
0.75%
Manufacture of primary cells and primary batteries: cells containing manganese oxide, mercuric oxide, silver oxide or other material
359
0.52%
1.99%
Manufacture of jeeps and station wagons
688
1.00%
Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520)
532
0.78%
Manufacture of gold jewellery: gold, silver and other precious metal jewellery; precious and semi-precious stone jewellery; gold and silver articles including presentation coins but not the coin used as a legal tender
348
0.51%
Generation and transmission of electricity: hydro-electric power plants
1,372
2.00%
524
0.76%
Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc.
1,205
1.76%
Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.]
1,334
1.95%
Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings)
Industry
1,360
869
1.27%
Manufacturing of Zinc (includes basic processing, smelting, refining for production of base metal; its further processing and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings)
503
0.73%
Casting of iron and steel
360
0.52%
Manufacture of steam or other vapour generating boilers and hot water boilers other than central heating boilers
353
0.52%
Manufacture of reciprocatory or rotary spark-ignition or compression-ignition internal combustion piston engines for use in moving or stationary applications other than for motor-vehicles or aircraft propulsion.
350
0.51%
Manufacture of gas; distribution of gaseous fuels through mains
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
151
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Retail sale in non-specialized stores with food, beverages or tobacco predominating [Includes mainly the socalled general stores which have, apart from their main sales of groceries, several other lines of merchandise such as cosmetics, clothing etc.] Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc.
Pension Classic Opportunities Fund
% of Total Funds
357
0.52%
702
1.02%
Monetary intermediation of commercial banks, saving banks and discount houses
6,847
9.99%
Activities of hire - purchase financing
2,473
3.61%
Activities of Mutual Funds including Unit Trust of India
490
0.72%
Real estate activities with own or leased property n.e.c.
353
0.51%
Production, supply and documentation of ready-made (non-customized) software
Industry
Dynamic Floor Fund
% of Total Funds
Canara Bank CD - 11.10.2010
30,953
0.77%
Central Bank of India CD - 04.10.2010
29,135
0.72%
Corporation Bank CD - 21.02.2011
55,084
1.37%
HDFC Bank Ltd
83,367
2.07%
ICICI Bank Ltd
131,720
3.26%
Oriental Bank of Commerce CD 20.08.2010
45,389
1.12%
Oriental Bank of Commerce CD 22.10.2010
20,227
0.50%
Punjab National Bank
18,888
0.47%
State Bank of Bikaner & Jaipur CD -04.03.11
28,337
0.70%
State Bank of Bikaner & Jaipur CD 04.01.2011
49,222
1.22%
State Bank of Hyderabad CD 04.01.2011
49,208
1.22%
State Bank of India
76,819
1.90%
State Bank of Mysore CD - 07.10.2010
12,179
0.30%
State Bank of Patiala CD - 15.11.2010
28,478
0.71%
50,150
1.24%
944,128
23.40%
10.25% HDFC 2012 - 29.05.12
3,555
0.09%
10.35% HDFC 2017 - 16.05.17
728
0.02%
15,269
0.38%
381
0.01%
11.40% PFC - 28.11.13
3,270
0.08%
11.50% REC - 26.11.13
100,309
2.49%
11.75% REC - 03.11.11
3,498
0.09%
36,937
0.92%
5,176
7.55%
703
1.03%
State Bank of Travancore CD 09.03.2011
1,875
2.74%
Total
Net Assets
29,960
43.73%
Grand Total
68,514
100.00%
News agency activities Government of India
Industry
Dynamic Floor Fund
% of Total Funds
Monetary intermediation of commercial banks, saving banks and discount houses
Activities of hire - purchase financing
10.95% REC - 14.08.11 11.25% HDFC - 04.09.18
10.50% SBI 12042007
1,874
0.05%
9.15% SBP Perpetual Bond
5,096
0.13%
9.20% BOB Perpetual Bond09.10.2019
46,183
1.14%
Axis Bank Ltd
34,134
0.85%
12.40% Sundaram Fin - 02.08.10
1,399
0.03%
Bank of Baroda CD - 15.02.2011
97,560
2.42%
6.90% NHB - 01.09.2012 P-C 11
9,971
0.25%
Bank of India CD - 11.03.2011
50,126
1.24%
6.90% NHB P-C - 30.10.2012
103,045
2.55%
152
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
12% PFC SLR - 10.02.2012
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Dynamic Floor Fund
% of Total Funds
29,086
0.72%
Others
7.20% REC - 17.03.2012
8,607
0.21%
7.20% REC - 17.09.2010
7,020
0.17%
7.24% LIC Housing Finance 23.06.2011
4,009
0.10%
24,525
0.61%
5,047
0.13%
7.75% REC - 17.11.2012
10,014
0.25%
7.90% REC - 06.10.2012
90,412
2.24%
8.28 IDFC 2011
3,995
0.10%
8.40% HDFC - 08.12.2014
4,968
0.12%
291
0.01%
2,660
0.07%
8.50% Exim Bank Bonds 2011
35,130
0.87%
8.55% IRFC 2019-15.01.2019
6,552
0.16%
8.60% PFC 2014 - 07.08.2014
33,149
0.82%
8.60% PFC 2024 - 07.08.2024
1,904
0.05%
8.69% IRFC - 07.01.11
4,881
0.12%
8.80% PFC - 15.01.2025
20,222
0.50%
9.32% HDFC - 17.12.12
1,860
0.05%
9.40% NHB - 17.12.2013
8,572
0.21%
9.50% Exim - 12.12.13
22,683
0.56%
9.50% HDFC - 27.02.13
3,596
0.09%
9.50% Nabard - 15.10.12
31,207
0.77%
9.65% NABARD - 12.03.12
21,431
0.53%
HDFC Ltd ZCB - 09.03.2012
54,137
1.34%
Housing Development Finance Corp. Ltd
85,622
2.12%
IDFC Ltd Floater Mibor+ 210 bps 28.04.2011
20,080
0.50%
Infrastructure Development Finance Company Ltd
15,553
0.39%
Reliance Capital Ltd
11,714
0.29%
847,289
21.00%
Off shore extraction of petroleum Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included]. Manufacture of cigarette and cigarette tobacco Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of allopathic pharmaceutical preparations Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.) Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler.
7.00% PFC P/C 2009 - 24.12.2011
7.40% KMPL - 24.08.2010 7.64% LIC Housing Finance26.02.2012
8.49% IRFC - 30.03.2014 8.50% EXIM 2011 - 12.09.2011
Total
Industry
Dynamic Floor Fund
% of Total Funds
103,293
2.56%
5,322
0.13%
88,464
2.19%
243,793
6.04%
53,659
1.33%
34,729
0.86%
43,755
1.08%
117,853
2.92%
68,087
1.69%
57,074
1.41%
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
153
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Manufacture of electricity distribution and control apparatus [electrical apparatus for switching or protecting electrical circuits (e.g. switches, fuses, voltage limiters, surge suppressors, junction boxes etc.) for a voltage exceeding 1000 volts; similar apparatus (including relays, sockets etc.) for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors.]
Dynamic Floor Fund
% of Total Funds
26,409
0.65%
Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers
45,791
1.13%
Manufacture of motor cars
25,493
0.63%
Manufacture of jeeps and station wagons
27,751
0.69%
Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520)
24,169
0.60%
Generation and transmission of electricity: hydro-electric power plants
104,815
2.60%
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c.
131,362
3.26%
Manufacture of gas; distribution of gaseous fuels through mains
28,043
0.69%
Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc.
17,548
0.43%
154
Industry
Dynamic Floor Fund
% of Total Funds
Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.]
137,415
3.41%
Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles.
55,880
1.38%
Provision of basic telecom services: telephone, telex and telegraph (includes the activities of STD/ISD booths)
10,543
0.26%
Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc.
74,776
1.85%
Activities of Mutual Funds including Unit Trust of India
4,029
0.10%
Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.)
13,467
0.33%
Production, supply and documentation of ready-made (non-customized) software
351,299
8.71%
Government of India
218,363
5.41%
74,296
1.84%
State Government Bonds/Development Loans Net Assets
56,246
1.39%
4,035,142
100.00%
Kotak Group Dynamic Floor Fund
% of Total Funds
Axis Bank Ltd
1,758
0.92%
Bank of India CD - 11.03.2011
3,008
1.58%
Grand Total Industry
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Monetary intermediation of commercial banks, saving banks and discount houses
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Bank of India CD - 18.03.2011
Kotak Group Dynamic Floor Fund
% of Total Funds
2,504
1.31%
8.69% IRFC - 07.01.11
Kotak Group Dynamic Floor Fund
% of Total Funds
879
0.46%
Corporation Bank CD - 21.02.2011
2,518
1.32%
9.32% HDFC - 17.12.12
55
0.03%
HDFC Bank Ltd
4,155
2.18%
9.40% NHB - 17.12.2013
254
0.13%
ICICI Bank Ltd
6,317
3.31%
9.50% HDFC - 27.02.13
107
0.06%
9.65% NABARD - 12.03.12
635
0.33%
Oriental Bank of Commerce CD 22.10.2010
4,551
2.39%
HDFC Ltd ZCB - 09.03.2012
2,509
1.31%
PNB CD - 12.08.2010
3,004
1.57%
Punjab National Bank
965
0.51%
Housing Development Finance Corp. Ltd
4,165
2.18%
5,006
2.62%
Infrastructure Development Finance Company Ltd
763
0.40%
Reliance Capital Ltd
596
0.31%
20,046
10.51%
State Bank of Bikaner & Jaipur CD -04.03.11 State Bank of Bikaner & Jaipur CD 04.01.2011
1,459
0.76%
State Bank of Hyderabad CD 04.01.2011
1,459
0.76%
State Bank of India
5,148
2.70%
State Bank of Patiala CD - 15.11.2010
844
0.44%
Union Bank of India CD - 07.10.2010
389
0.20%
43,085
22.58%
Total Activities of hire - purchase financing
Total Government of India 10.25% GOI - 30.05.21
1,151
0.60%
6.05% GOI 2019 - 02.02.19
169
0.09%
6.49% GOI - 08.06.2015
275
0.14%
5
0.00%
224
0.12%
7.00% GOI Fertilizer Bond - 10.12.22 7.02% GOI - 17.08.2016 7.27% GOI - 03.09.13
282
0.15%
7.40% GOI 2012 - 03.05.12
37,624
19.72%
841
0.44%
2,238
1.17%
10.25% HDFC 2012 - 29.05.12
105
0.06%
7.40% GOI 2035 - 09.09.35
10.35% HDFC 2017 - 16.05.17
22
0.01%
453
0.24%
7.47% OMC GOI Special Bond 07.03.12
11
0.01%
7.50% GOI - 10.08.34
662
0.35%
0.05%
7.56% GOI 2014 - 03.11.14
51
0.03%
7.59% GOI 2016
19
0.01%
7.94% GOI - 24.05.21
48
0.03%
8.20% GOI - 15.02.22
435
0.23%
8.20% OMC GOI 2023-10.11.23
186
0.10%
98
0.05%
10.95% REC - 14.08.11 11.25% HDFC - 04.09.18 11.40% PFC - 28.11.13
97
11.50% REC - 26.11.13
5,288
2.77%
11.75% REC - 03.11.11
104
0.05%
1,095
0.57%
12.40% Sundaram Fin - 02.08.10
41
0.02%
7.00% PFC P/C 2009 - 24.12.2011
862
0.45%
7.20% REC - 17.03.2012
255
0.13%
Total
8.28 IDFC 2011
118
0.06%
Others
79
0.04%
Off shore extraction of petroleum
8.50% Exim Bank Bonds 2011
898
0.47%
8.55% IRFC 2019-15.01.2019
144
0.08%
8.60% PFC 2014 - 07.08.2014
453
0.24%
8.60% PFC 2024 - 07.08.2024
56
0.03%
Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included].
12% PFC SLR - 10.02.2012
8.50% EXIM 2011 - 12.09.2011
Industry
8.35% GOI - 14.05.22 8.75% GOI - 13.12.2010
3,596
1.88%
47,904
25.11%
4,875
2.55%
229
0.12%
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
155
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Kotak Group Dynamic Floor Fund
% of Total Funds
Manufacture of cigarette and cigarette tobacco
4,316
2.26%
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, microcrystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699)
11,779
6.17%
2,722
1.43%
Manufacture of allopathic pharmaceutical preparations Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.)
1,681
0.88%
Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers
2,032
1.07%
Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler.
156
7,321
3,461
3,175
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
3.84%
1.81%
1.66%
Industry
Kotak Group Dynamic Floor Fund
% of Total Funds
Manufacture of electricity distribution and control apparatus [electrical apparatus for switching or protecting electrical circuits (e.g. switches, fuses, voltage limiters, surge suppressors, junction boxes etc.) for a voltage exceeding 1000 volts; similar apparatus (including relays, sockets etc.) for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors.]
1,359
0.71%
Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-theroad tractors for semi - trailers
2,430
1.27%
Manufacture of motor cars
1,313
0.69%
Manufacture of jeeps and station wagons
1,390
0.73%
Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520)
1,225
0.64%
Generation and transmission of electricity: hydro-electric power plants
5,066
2.66%
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c.
2,629
1.38%
Manufacture of gas; distribution of gaseous fuels through mains
1,439
0.75%
903
0.47%
Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc.
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles. Provision of basic telecom services: telephone, telex and telegraph (includes the activities of STD/ISD booths)
Kotak Group Dynamic Floor Fund
% of Total Funds
Corporation Bank CD - 21.02.2011
6,565
3,630
3.44%
1.90%
313
0.16%
3,789
1.99%
Activities of Mutual Funds including Unit Trust of India
1,520
0.80%
399
0.21%
Production, supply and documentation of ready-made (non-customized) software
15,319
8.03%
State Government Bonds/Development Loans
248
0.13%
Net Assets
(11,351)
-5.95%
Grand Total
190,813
100.00%
Kotak Pension Floor Fund
% of Total Funds
5,035
0.92%
HDFC Bank Ltd
10,431
1.91%
ICICI Bank Ltd
15,193
2.78%
Oriental Bank of Commerce CD 20.08.2010
1,513
0.28%
PNB CD - 15.07.2010
5,055
0.92%
Punjab National Bank
2,891
0.53%
State Bank of Bikaner & Jaipur CD -04.03.11
25,028
4.57%
State Bank of India
10,200
1.86%
State Bank of Patiala CD - 15.11.2010
18,770
3.43%
115,654
21.12%
11.40% PFC - 28.11.13
353
0.06%
11.50% REC - 26.11.13
12,551
2.29%
Total
Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc.
Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.)
Industry
Activities of hire - purchase financing
7.20% REC - 17.03.2012
4,726
0.86%
7.24% LIC Housing Finance 23.06.2011
5,012
0.92%
8.40% HDFC - 08.12.2014
6,459
1.18%
8.55% IRFC 2019-15.01.2019
834
0.15%
8.60% PFC 2014 - 07.08.2014
11,579
2.11%
8.80% REC - 17.11.2019
997
0.18%
4,452
0.81%
Housing Development Finance Corp. Ltd
10,173
1.86%
Infrastructure Development Finance Company Ltd
1,854
0.34%
Reliance Capital Ltd
1,825
0.33%
60,816
11.11%
6.35% GOI 2020 - 02.01.20
17,980
3.28%
6.90% GOI - 13.07.2019
18,660
3.41%
7.02% GOI - 17.08.2016
3,885
0.71%
7.27% GOI - 03.09.13
5,059
0.92%
7.40% GOI 2012 - 03.05.12
6,144
1.12%
17,019
3.11%
98
0.02%
816
0.15%
9.50% Exim - 12.12.13
Total Government of India
Industry
Kotak Pension Floor Fund
% of Total Funds
Monetary intermediation of commercial banks, saving banks and discount houses
Axis Bank Ltd
4,541
0.83%
Bank of Baroda CD - 15.02.2011
9,482
1.73%
7.47% OMC GOI Special Bond 07.03.12
Bank of India CD - 11.03.2011
2,506
0.46%
7.59% GOI 2016
Bank of India CD - 18.03.2011
5,008
0.91%
7.94% GOI - 24.05.21
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
157
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
8.20% OMC GOI 2023-10.11.23 9.39% GOI 02-July-2011 Total
Kotak Pension Floor Fund
% of Total Funds
12,154
2.22%
342
0.06%
82,157
15.01%
15,049
2.75%
Others Off shore extraction of petroleum Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included].
735
0.13%
Manufacture of cigarette and cigarette tobacco
11,179
2.04%
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699)
32,450
5.93%
Manufacture of allopathic pharmaceutical preparations
7,408
1.35%
Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.)
4,738
0.87%
Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers
4,968
0.91%
Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings)
158
15,726
9,355
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
2.87%
1.71%
Industry
Kotak Pension Floor Fund
% of Total Funds
Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler.
8,996
1.64%
Manufacture of electricity distribution and control apparatus [electrical apparatus for switching or protecting electrical circuits (e.g. switches, fuses, voltage limiters, surge suppressors, junction boxes etc.) for a voltage exceeding 1000 volts; similar apparatus (including relays, sockets etc.) for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors.]
3,593
0.66%
Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers
11,705
2.14%
Manufacture of motor cars
3,699
0.68%
Manufacture of jeeps and station wagons
3,510
0.64%
Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520)
3,399
0.62%
Generation and transmission of electricity: hydro-electric power plants
15,552
2.84%
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Kotak Pension Floor Fund
% of Total Funds
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c.
8,167
1.49%
Manufacture of gas; distribution of gaseous fuels through mains
3,934
0.72%
Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles.
2,457
0.45%
17,175
49,059
3.14%
8.96%
1.97%
Activities of Mutual Funds including Unit Trust of India
2,470
0.45%
44,797
8.18%
Net Assets
(2,046)
-0.37%
547,505
100.00%
Dynamic Floor Fund II
% of Total Funds
11
0.00%
Axis Bank Ltd
12,130
0.80%
Bank of Baroda CD - 15.02.2011
29,542
1.95%
1,803
0.12%
Monetary intermediation of commercial banks, saving banks and discount houses
Bank of India CD - 18.03.2011
Central Bank of India CD - 04.10.2010
24,280
1.60%
Corporation Bank CD - 21.02.2011
30,210
1.99%
HDFC Bank Ltd
28,745
1.90%
ICICI Bank Ltd
43,713
2.88%
Oriental Bank of Commerce CD 20.08.2010
5,043
0.33%
Oriental Bank of Commerce CD 22.10.2010
2,528
0.17%
12,328
0.81%
PNB CD - 15.07.2010
910
0.06%
Punjab National Bank
6,774
0.45%
37,544
2.48%
State Bank of Bikaner & Jaipur CD 04.01.2011
913
0.06%
State Bank of Hyderabad CD 04.01.2011
507
0.03%
27,233
1.80%
PNB CD - 12.08.2010
State Bank of India
20,060
1.32%
284,273
18.75%
35,941
2.37%
Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included].
1,316
0.09%
Manufacture of cigarette and cigarette tobacco
30,100
1.99%
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699)
84,539
5.58%
Manufacture of allopathic pharmaceutical preparations
18,873
1.24%
Total
Production, supply and documentation of ready-made (non-customized) software
9.85% HDFC Bank 2019 - 17.03.2024
% of Total Funds
State Bank of Travancore CD 09.03.2011
10,804
Industry
Dynamic Floor Fund II
State Bank of Bikaner & Jaipur CD -04.03.11
Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc.
Grand Total
Industry
Others Off shore extraction of petroleum
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
159
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Dynamic Floor Fund II
% of Total Funds
Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.)
12,196
0.80%
Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers
12,228
0.81%
Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. Manufacture of electricity distribution and control apparatus [electrical apparatus for switching or protecting electrical circuits (e.g. switches, fuses, voltage limiters, surge suppressors, junction boxes etc.) for a voltage exceeding 1000 volts; similar apparatus (including relays, sockets etc.) for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors.]
160
43,444
2.87%
Industry Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-theroad tractors for semi - trailers
20,364
9,445
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
1.62%
1.34%
0.62%
% of Total Funds
39,791
2.62%
Manufacture of motor cars
9,048
0.60%
Manufacture of jeeps and station wagons
9,796
0.65%
Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.)
24,501
Dynamic Floor Fund II
19
0.00%
Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520)
8,900
0.59%
Generation and transmission of electricity: hydro-electric power plants
38,653
2.55%
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c.
47,084
3.11%
Manufacture of gas; distribution of gaseous fuels through mains
9,880
0.65%
Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc.
6,635
0.44%
Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.]
46,808
3.09%
Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles.
47,119
3.11%
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Dynamic Floor Fund II
% of Total Funds
Pension Floor Fund II
% of Total Funds
Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included].
202
0.06%
Manufacture of cigarette and cigarette tobacco
5,395
1.56%
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699)
14,992
4.35%
Manufacture of allopathic pharmaceutical preparations
3,529
1.02%
% of Total Funds
Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.)
2,177
0.63%
2,186
0.63%
Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers
2,059
0.60%
Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils)
8,906
2.58%
Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings)
4,442
1.29%
Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler.
4,059
1.18%
Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc.
26,355
1.74%
Activities of hire - purchase financing
141,760
9.35%
Activities of Mutual Funds including Unit Trust of India Production, supply and documentation of ready-made (non-customized) software Government of India Net Assets Grand Total
Industry
12,170
0.80%
106,333
7.01%
84,975
5.60%
303,692
20.03%
1,516,238
100.00%
Pension Floor Fund II
Monetary intermediation of commercial banks, saving banks and discount houses Axis Bank Ltd Bank of Baroda CD - 15.02.2011
9,283
2.69%
Central Bank of India CD - 04.10.2010
5,827
1.69%
Corporation Bank CD - 21.02.2011
2,518
0.73%
HDFC Bank Ltd
5,275
1.53%
ICICI Bank Ltd
8,197
2.38%
Oriental Bank of Commerce CD 20.08.2010
1,009
0.29%
PNB CD - 12.08.2010
6,029
1.75%
Punjab National Bank
1,220
0.35%
State Bank of Bikaner & Jaipur CD -04.03.11
7,509
2.18%
State Bank of India
4,927
1.43%
State Bank of Travancore CD 09.03.2011
5,016
1.45%
58,995
17.10%
6,591
1.91%
Total Others Off shore extraction of petroleum
Industry
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
161
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Manufacture of electricity distribution and control apparatus [electrical apparatus for switching or protecting electrical circuits (e.g. switches, fuses, voltage limiters, surge suppressors, junction boxes etc.) for a voltage exceeding 1000 volts; similar apparatus (including relays, sockets etc.) for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors.]
Pension Floor Fund II
% of Total Funds
1,793
0.52%
Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-theroad tractors for semi - trailers
7,377
2.14%
Manufacture of motor cars
1,643
0.48%
Manufacture of jeeps and station wagons
1,753
0.51%
1,608
0.47%
Generation and transmission of electricity: hydro-electric power plants
6,669
1.93%
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c.
5,572
1.62%
Manufacture of gas; distribution of gaseous fuels through mains
1,816
0.53%
162
Pension Floor Fund II
% of Total Funds
Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.]
8,454
2.45%
Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles.
13,604
3.94%
Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc.
4,784
1.39%
Activities of hire - purchase financing
20,673
5.99%
Activities of Mutual Funds including Unit Trust of India
6,750
1.96%
66
0.02%
17,293
5.01%
Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.)
Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520)
Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc.
Industry
Production, supply and documentation of ready-made (non-customized) software Government of India
22,388
6.49%
Net Assets
110,182
31.94%
Grand Total
344,934
100.00%
Guarantee Fund
% of Total Funds
1,179
0.71%
501
0.30%
Industry Monetary intermediation of commercial banks, saving banks and discount houses Axis Bank Ltd
1,162
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
0.34%
Bank of Baroda CD - 15.02.2011 Bank of India CD - 18.03.2011
7,512
4.54%
Canara Bank CD - 08.03.2011
2,354
1.42%
Central Bank of India CD - 04.10.2010
2,428
1.47%
HDFC Bank Ltd
2,806
1.70%
ICICI Bank Ltd
4,306
2.60%
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Guarantee Fund
% of Total Funds
671
0.41%
State Bank of Bikaner & Jaipur CD -04.03.11
2,503
1.51%
State Bank of India
2,602
1.57%
501
0.30%
27,364
16.54%
1,491
0.90%
19,405
11.73%
8.20% GOI - 15.02.22
456
0.28%
8.75% GOI - 13.12.2010
514
0.31%
21,866
13.22%
3,303
2.00%
Punjab National Bank
State Bank of Travancore CD 09.03.2011 Total Government of India 7.27% GOI - 03.09.13 7.40% GOI 2012 - 03.05.12
Total Others Off shore extraction of petroleum
Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included].
125
0.08%
Manufacture of cigarette and cigarette tobacco
3,103
1.88%
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699)
13,179
7.97%
Manufacture of allopathic pharmaceutical preparations
1,905
1.15%
Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.)
1,288
0.78%
Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers
1,012
0.61%
Industry
Guarantee Fund
% of Total Funds
Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils)
4,132
2.50%
Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings)
2,408
1.46%
Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler.
2,042
1.23%
Manufacture of electricity distribution and control apparatus [electrical apparatus for switching or protecting electrical circuits (e.g. switches, fuses, voltage limiters, surge suppressors, junction boxes etc.) for a voltage exceeding 1000 volts; similar apparatus (including relays, sockets etc.) for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors.]
921
0.56%
Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers
943
0.57%
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
163
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry Manufacture of motor cars Manufacture of jeeps and station wagons Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520) Generation and transmission of electricity: hydro-electric power plants Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c. Manufacture of gas; distribution of gaseous fuels through mains Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc. Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles.
Guarantee Fund
% of Total Funds
873
0.53%
980
0.59%
819
0.49%
3,693
2.23%
3,813
2.30%
956
0.58%
732
0.44%
4,752
2.87%
9,689
5.86%
Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc.
2,538
1.53%
Activities of hire - purchase financing
8,589
5.19%
Activities of Mutual Funds including Unit Trust of India
8,320
5.03%
Production, supply and documentation of ready-made (non-customized) software
10,773
6.51%
Net Assets
25,342
15.32%
165,459
100.00%
Grand Total
164
Industry
Pension Guarantee Fund
% of Total Funds
Axis Bank Ltd
2,389
0.69%
Bank of India CD - 18.03.2011
2,734
0.79%
Canara Bank CD - 08.03.2011
471
0.14%
Canara Bank CD-10.05.2010
3,594
1.04%
Central Bank of India CD - 04.10.2010
5,827
1.68%
Corporation Bank CD - 21.02.2011
2,518
0.73%
HDFC Bank Ltd
5,739
1.66%
ICICI Bank Ltd
8,836
2.55%
Oriental Bank of Commerce CD 22.10.2010
2,528
0.73%
PNB CD - 12.08.2010
5,007
1.45%
PNB CD - 15.07.2010
1,011
0.29%
Punjab National Bank
1,335
0.39%
State Bank of Bikaner & Jaipur CD -04.03.11
6,508
1.88%
State Bank of Bikaner & Jaipur CD 04.01.2011
1,014
0.29%
State Bank of Hyderabad CD 04.01.2011
1,013
0.29%
State Bank of India
5,356
1.55%
State Bank of Patiala CD - 15.11.2010
2,018
0.58%
State Bank of Travancore CD 09.03.2011
2,693
0.78%
Union Bank of India CD - 07.10.2010
4,857
1.40%
65,447
18.91%
7,169
2.07%
Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included].
248
0.07%
Manufacture of cigarette and cigarette tobacco
5,988
1.73%
Monetary intermediation of commercial banks, saving banks and discount houses
Total
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Others Off shore extraction of petroleum
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699) Manufacture of allopathic pharmaceutical preparations
% of Total Funds
21,400
6.18%
3,755
1.08%
Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.)
2,393
0.69%
Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers
2,348
0.68%
Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler.
Pension Guarantee Fund
10,323
4,849
2.98%
1.40%
Industry
Manufacture of electricity distribution and control apparatus [electrical apparatus for switching or protecting electrical circuits (e.g. switches, fuses, voltage limiters, surge suppressors, junction boxes etc.) for a voltage exceeding 1000 volts; similar apparatus (including relays, sockets etc.) for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors.]
1.34%
% of Total Funds
1,883
0.54%
Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-theroad tractors for semi - trailers
6,882
1.99%
Manufacture of motor cars
1,799
0.52%
Manufacture of jeeps and station wagons
1,923
0.56%
Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520)
1,697
0.49%
Generation and transmission of electricity: hydro-electric power plants
8,008
2.31%
937
0.27%
Manufacture of gas; distribution of gaseous fuels through mains
1,966
0.57%
Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc.
1,286
0.37%
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c.
4,626
Pension Guarantee Fund
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
165
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.] Commission agents dealing in agricultural raw material, live animals, food, beverages, intoxicants and textiles.
Pension Guarantee Fund
% of Total Funds
Corporation Bank CD - 21.02.2011
9,322
2.69%
11,285
3.26%
Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc.
5,225
1.51%
Activities of hire - purchase financing
24,410
7.05%
Activities of Mutual Funds including Unit Trust of India
10,400
3.00%
Other financial intermediation n.e.c. (Provident and insurance services are classified in division 66.) Production, supply and documentation of ready-made (non-customized) software Government of India Net Assets Grand Total Industry
% of Total Funds
1,209
0.74%
HDFC Bank Ltd
1,446
0.88%
ICICI Bank Ltd
2,253
1.37%
PNB CD - 12.08.2010
1,502
0.92%
Punjab National Bank
335
0.20%
State Bank of Bikaner & Jaipur CD -04.03.11
2,503
1.52%
State Bank of India
1,397
0.85%
State Bank of Travancore CD 09.03.2011
301
0.18%
Union Bank of India CD - 07.10.2010
971
0.59%
18,043
10.99%
Total Off shore extraction of petroleum
3,746
1.08%
22,920
6.62%
9,644
2.79%
94,254
27.23%
346,134
100.00%
Peak Guarantee Fund I
% of Total Funds
Axis Bank Ltd
600
0.37%
Bank of Baroda CD - 15.02.2011
301
0.18%
Bank of India CD - 18.03.2011
2,504
1.53%
Canara Bank CD - 08.03.2011
973
0.59%
1,748
1.06%
166
Peak Guarantee Fund I
Others
Monetary intermediation of commercial banks, saving banks and discount houses
Central Bank of India CD - 04.10.2010
Industry
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
1,817
1.11%
Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or taconite etc. which are valued chiefly for iron content. Production of sintered iron ores is also included].
25
0.02%
Manufacture of cigarette and cigarette tobacco
1,460
0.89%
Manufacture of other petroleum products n.e.c. (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Manufacture of candles is classified in 3699)
3,941
2.40%
Manufacture of allopathic pharmaceutical preparations
939
0.57%
Manufacture of other perfumes and toilet preparations n.e.c. (includes manufacture of scented sachets, perfumed papers, contact lens solution and animal preparations etc.)
557
0.34%
Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement, except in the form of clinkers
552
0.34%
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures (Contd.)
Industry wise disclosure of investments with exposure of 10% and above segregated at scrip level Industry
Manufacture of non-alloy steel hot rolled flat products (including plates, sheets, strips, wide coils) Manufacturing of Copper (includes basic processing, smelting, refining for production of base metal; its further rolling, drawing and extruding; and production of powders or flakes, foil, plates, sheets or strip, bars, rods, profiles, wires, tubes, pipes and tube or pipe fittings) Manufacture of other movers n.e.c. hydraulic turbines, water wheels and their regulatory machinery; gas turbines for marine propulsion or for use as prime movers of electric generators or pumps; boiler-turbine set or a stationary steam engine with integral boiler. Manufacture of electricity distribution and control apparatus [electrical apparatus for switching or protecting electrical circuits (e.g. switches, fuses, voltage limiters, surge suppressors, junction boxes etc.) for a voltage exceeding 1000 volts; similar apparatus (including relays, sockets etc.) for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors.] Manufacture of motor vehicles for the transport of goods: ordinary lorries, trucks and goods vans; lorries with automatic discharging devices, tankers, drop frame lorries, refuse collectors, etc.; special purpose motor lorries and trucks e.g. motor breakdown lorries, armoured cars, street sweepers, mobile medical and dental clinics, travelling libraries etc.; also included over-the-road tractors for semi - trailers
Peak Guarantee Fund I
2,280
1,213
1,198
523
% of Total Funds
1.39%
0.74%
0.73%
0.32%
Industry
Peak Guarantee Fund I
% of Total Funds
Manufacture of motor cars
452
0.28%
Manufacture of jeeps and station wagons
468
0.28%
Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine, whether or not with an attached side car (manufacture of helmets is classified in class 2520)
439
0.27%
Generation and transmission of electricity: hydro-electric power plants
1,826
1.11%
Collection and distribution of electric energy to households, industrial, commercial and other users n.e.c.
230
0.14%
Manufacture of gas; distribution of gaseous fuels through mains
507
0.31%
Construction and maintenance of roads, rail-beds, bridges, tunnels, pipelines, rope-ways, ports, harbours and runways etc.
286
0.17%
Construction n.e.c. including special trade construction [includes construction and maintenance of sports stadia and other construction not elsewhere classified and special trade construction such as foundation work, water well drilling scaffolding etc. carried out on a fee or contract basis.]
2,232
1.36%
Provision of value added telecom services: paging, e-mail, cellular phone, video conferencing, internet (service directly purchased from internet service providers) etc.
1,313
0.80%
Activities of hire - purchase financing
6,030
3.67%
Activities of Mutual Funds including Unit Trust of India
6,240
3.80%
Production, supply and documentation of ready-made (non-customized) software
455
0.28%
4,768
2.90%
Government of India
16,184
9.86%
Net Assets
90,168
54.93%
164,148
100.00%
Grand Total
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
167
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures
NAV Highest Lowest & closing at the end of the year Sr. No.
Fund Name
Highest NAV
Lowest NAV
Closing NAV
1
Kotak Guaranteed Money Market Fund
17.28
15.85
17.28
2
Kotak Group Money Market Fund
17.12
15.75
17.12
3
Money Market Fund
10.07
9.99
10.07
4
Pension Money Market Fund II
10.09
9.99
10.09
5
Kotak Dynamic Gilt Fund
15.09
14.28
15.08
6
Kotak Guaranteed Gilt Fund
15.05
14.27
15.03
7
Kotak Pension Gilt Fund
15.39
14.59
15.38
8
Kotak Group Gilt Fund
15.43
14.54
15.42
9
Gilt Fund
10.07
9.99
10.06
10
Kotak Dynamic Bond Fund
16.05
14.74
16.05
11
Kotak Guaranteed Bond Fund
16.00
14.65
16.00
12
Kotak Pension Bond Fund
16.12
14.76
16.12
13
Kotak Group Bond Fund
16.36
14.72
16.36
14
Bond Fund
10.13
9.99
10.13
15
Pension Bond Fund II
10.10
9.99
10.10
16
Kotak Dynamic Floating Rate Fund
14.10
13.46
14.10
17
Kotak Guaranteed Floating Rate Fund
14.13
13.49
14.13
18
Kotak Pension Floating Rate Fund
14.16
13.55
14.16
19
Kotak Group Floating Rate Fund
14.39
13.68
14.39
20
Floating Rate Fund
10.05
9.99
10.05
21
Kotak Group 36M FMP 02/01/2011
12.22
11.31
12.22
22
Kotak Group 12M FMP 28/03/2009
—
—
—
23
Kotak Group 36M FMP 12/09/2011
12.11
11.18
12.11
24
Kotak Group 11M FMP 06/10/2009
11.01
10.50
—
25
Kotak Group 60M FMP 27/11/2013
12.37
11.26
12.37
26
Kotak Group 50M FMP 27/02/2013
11.46
10.52
11.46
27
Kotak Group 59M FMP 08/12/2013
11.52
10.56
11.52
28
Kotak Dynamic Balanced Fund
29.31
21.80
29.20
29
Kotak Guaranteed Balanced Fund
26.72
22.04
26.67
30
Kotak Pension Balanced Fund
27.18
22.48
27.13
31
Kotak Group Balanced Fund
29.13
21.96
29.03
32
Balanced Fund
10.44
9.81
10.40
33
Pension Balanced Fund II
10.22
9.99
10.18
34
Kotak Dynamic Growth Fund
33.55
23.75
33.36
35
Kotak Guaranteed Growth Fund
30.59
24.65
30.51
36
Kotak Pension Growth Fund
13.02
10.51
12.98
37
Kotak Group Growth Fund
12.29
8.55
—
168
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures
NAV Highest Lowest & closing at the end of the year Sr. No.
Fund Name
Highest NAV
Lowest NAV
Closing NAV
38
Kotak Aggressive Growth Fund
33.21
19.63
32.87
39
Kotak Group Agressive Growth Fund
20.42
12.12
—
40
Kotak Advantage Multiplier Fund
13.02
11.02
12.95
41
Kotak Advantage Plus Fund
13.00
11.10
12.92
42
Kotak Advantage Fund
13.10
11.51
—
43
Kotak Advantage Multiplier Fund II
13.02
11.01
12.95
44
Kotak Advantage Plus Fund II
13.03
11.15
12.95
45
Frontline Equity Fund
10.18
9.30
10.11
46
Pension Frontline Equity Fund
10.82
9.95
10.74
47
Kotak Opportunities Fund
19.31
10.35
19.17
48
Kotak Pension Opportunities Fund
11.06
10.00
10.98
49
Classic Opportunities Fund
10.49
9.55
10.41
50
Pension Classic Opportunities Fund
10.76
9.89
10.68
51
Dynamic Floor Fund
16.17
13.26
16.04
52
Kotak Group Dynamic Floor Fund
16.20
15.41
16.12
53
Kotak Pension Floor Fund
10.74
9.89
10.56
54
Dynamic Floor Fund II
10.19
9.67
10.14
55
Pension Floor Fund II
10.06
9.59
10.01
56
Guarantee Fund
10.57
10.00
10.52
57
Pension Guarantee Fund
10.12
9.64
10.07
58
Peak Guarantee Fund I
10.39
10.00
10.33
Note: NAV used is before Appropriation and Expropriation.
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
169
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures
Annualised Expense Ratio to Average Daily Assets of the Fund Sr. No.
Fund Name
1
Kotak Guaranteed Money Market Fund
Annualised Expense
Average Daily Assets of the Funds
Annualised Expense Ratio
15
2,275
0.66%
2
Kotak Group Money Market Fund
1
57
0.88%
3
Money Market Fund
4
1,100
1.40%
4
Pension Money Market Fund II
22
5,993
1.45%
5
Kotak Dynamic Gilt Fund
1,623
147,149
1.10%
6
Kotak Guaranteed Gilt Fund
4,213
382,002
1.10%
7
Kotak Pension Gilt Fund
2,287
207,306
1.10%
8
Kotak Group Gilt Fund
669
75,830
0.88%
9
Gilt Fund
10
Kotak Dynamic Bond Fund
1
388
1.46%
2,732
206,400
1.32%
11
Kotak Guaranteed Bond Fund
3,899
294,601
1.32%
12
Kotak Pension Bond Fund
4,614
348,612
1.32%
13
Kotak Group Bond Fund
8,174
926,445
0.88%
14
Bond Fund
49
12,186
1.46%
15
Pension Bond Fund II
4
1,467
1.44%
16
Kotak Dynamic Floating Rate Fund
1,528
115,445
1.32%
17
Kotak Guaranteed Floating Rate Fund
3,651
275,859
1.32%
18
Kotak Pension Floating Rate Fund
1,229
92,826
1.32%
19
Kotak Group Floating Rate Fund
1,148
130,110
0.88%
20
Floating Rate Fund
—
50
1.18%
21
Kotak Group 36M FMP 02/01/2011
186
33,808
0.55%
22
Kotak Group 12M FMP 28/03/2009
—
—
—
23
Kotak Group 36M FMP 12/09/2011
85
10,956
0.77%
24
Kotak Group 11M FMP 06/10/2009
129
32,326
0.78%
25
Kotak Group 60M FMP 27/11/2013
531
80,225
0.66%
26
Kotak Group 50M FMP 27/02/2013
49
7,479
0.66%
27
Kotak Group 59M FMP 08/12/2013
165
29,981
0.55%
28
Kotak Dynamic Balanced Fund
3,348
233,506
1.43%
29
Kotak Guaranteed Balanced Fund
23,821
1,661,265
1.43%
30
Kotak Pension Balanced Fund
71,295
4,972,043
1.43%
31
Kotak Group Balanced Fund
8,770
795,138
1.10%
32
Balanced Fund
4
944
1.47%
33
Pension Balanced Fund II
1
496
1.41%
34
Kotak Dynamic Growth Fund
35
Kotak Guaranteed Growth Fund
36
Kotak Pension Growth Fund
37
Kotak Group Growth Fund
170
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
12,655
764,888
1.65%
331,684
20,046,890
1.65%
2,496
150,868
1.65%
47
4,111
1.22%
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures
Annualised Expense Ratio to Average Daily Assets of the Fund Sr. No.
Fund Name
38
Kotak Aggressive Growth Fund
39
Kotak Group Agressive Growth Fund
40
Kotak Advantage Multiplier Fund
41
Kotak Advantage Plus Fund
42
Kotak Advantage Fund
43
Kotak Advantage Multiplier Fund II
Annualised Expense
Average Daily Assets of the Funds
Annualised Expense Ratio
51,096
2,895,267
1.76%
22
1,887
1.33%
2,248
67,918
3.31%
24,828
750,240
3.31%
111
3,571
3.33%
1,700
51,373
3.31%
21,713
656,124
3.31%
168
39,775
1.47%
12
3,990
1.43%
43,550
1,974,365
2.21%
44
Kotak Advantage Plus Fund II
45
Frontline Equity Fund
46
Pension Frontline Equity Fund
47
Kotak Opportunities Fund
48
Kotak Pension Opportunities Fund
382
24,798
2.20%
49
Classic Opportunities Fund
691
162,892
1.46%
50
Pension Classic Opportunities Fund
46
13,877
1.43%
49,762
2,578,208
1.93%
423
135,001
1.38%
51
Dynamic Floor Fund
52
Kotak Group Dynamic Floor Fund
53
Kotak Pension Floor Fund
4,345
314,812
1.92%
54
Dynamic Floor Fund II
1,635
388,761
1.46%
55
Pension Floor Fund II
259
80,873
1.44%
56
Guarantee Fund
103
48,947
1.45%
57
Pension Guarantee Fund
374
92,684
1.46%
58
Peak Guarantee Fund I
38
18,077
1.67%
3 - Launched on 05/01/2010
48 - Launched on 19/07/2009
24 - Closed on 06/10/2009
4 - Launched on 28/12/2009
49 - Launched on 16/12/2009
37 - Closed on 08/03/2010
9 - Launched on 02/02/2010
50 - Launched on 07/01/2010
39 - Closed on 16/02/2010
14 - Launched on 21/12/2009
52 - Launched on 08/01/2010
42 - Closed on 10/03/2010
15 - Launched on 14/01/2010
53 - Launched on 13/07/2009
20 - Launched on 28/12/2009
54 - Launched on 17/12/2009
32 - Launched on 21/12/2009
55 - Launched on 10/01/2010
33 - Launched on 24/01/2010
56 - Launched on 07/02/2010
45 - Launched on 17/12/2009
57 - Launched on 21/12/2009
46 - Launched on 11/01/2010
58 - Launched on 14/02/2010
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
171
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures
Gross Income Ratio to Average Daily Assets of the Fund Sr. No.
Fund Name
Annualised Income
Average Daily Assets of the Funds
Annualised Income Ratio
1
Kotak Guaranteed Money Market Fund
213
2,275
9.38%
2
Kotak Group Money Market Fund
3
Money Market Fund
5
57
9.26%
16
1,100
6.29%
4
Pension Money Market Fund II
5
Kotak Dynamic Gilt Fund
91
5,993
5.91%
10,614
147,149
7.21%
6
Kotak Guaranteed Gilt Fund
24,790
382,002
6.49%
7 8
Kotak Pension Gilt Fund
14,450
207,306
6.97%
Kotak Group Gilt Fund
5,325
75,830
7.02%
9
Gilt Fund
4
388
6.29%
10
Kotak Dynamic Bond Fund
20,988
206,400
10.17%
11
Kotak Guaranteed Bond Fund
30,096
294,601
10.22%
12
Kotak Pension Bond Fund
36,132
348,612
10.36%
13
Kotak Group Bond Fund
107,879
926,445
11.64%
14
Bond Fund
364
12,186
10.81%
15
Pension Bond Fund II
28
1,467
9.01%
16
Kotak Dynamic Floating Rate Fund
17
Kotak Guaranteed Floating Rate Fund
7,018
115,445
6.08%
16,742
275,859
6.07%
18
Kotak Pension Floating Rate Fund
5,359
92,826
5.77%
19
Kotak Group Floating Rate Fund
7,801
130,110
6.00%
20
Floating Rate Fund
—
50
3.27%
21
Kotak Group 36M FMP 02/01/2011
2,920
33,808
8.64%
22
Kotak Group 12M FMP 28/03/2009
—
—
—
23
Kotak Group 36M FMP 12/09/2011
1,016
10,956
9.28%
24
Kotak Group 11M FMP 06/10/2009
1,695
32,326
10.24%
25
Kotak Group 60M FMP 27/11/2013
8,524
80,225
10.62%
26
Kotak Group 50M FMP 27/02/2013
743
7,479
9.93%
27
Kotak Group 59M FMP 08/12/2013
2,968
29,981
9.90%
28
Kotak Dynamic Balanced Fund
72,043
233,506
30.85%
29
Kotak Guaranteed Balanced Fund
350,603
1,661,265
21.10%
30
Kotak Pension Balanced Fund
995,426
4,972,043
20.02%
31
Kotak Group Balanced Fund
216,414
795,138
27.22%
32
Balanced Fund
63
944
24.23%
33
Pension Balanced Fund II
6
496
6.36%
34
Kotak Dynamic Growth Fund
35
Kotak Guaranteed Growth Fund
36
Kotak Pension Growth Fund
172
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
266,891
764,888
34.89%
4,573,674
20,046,890
22.81%
28,447
150,868
18.86%
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures
Gross Income Ratio to Average Daily Assets of the Fund Sr. No.
Fund Name
37
Kotak Group Growth Fund
38
Kotak Aggressive Growth Fund
39
Kotak Group Agressive Growth Fund
40
Kotak Advantage Multiplier Fund
41
Kotak Advantage Plus Fund
42
Kotak Advantage Fund
43
Kotak Advantage Multiplier Fund II
44
Kotak Advantage Plus Fund II
45
Frontline Equity Fund
46
Pension Frontline Equity Fund
47
Kotak Opportunities Fund
48
Kotak Pension Opportunities Fund
49
Classic Opportunities Fund
50
Pension Classic Opportunities Fund
51
Dynamic Floor Fund
Annualised Income
Average Daily Assets of the Funds
Annualised Income Ratio
1,445
4,111
37.74%
1,379,845
2,895,267
47.66%
879
1,887
53.12%
14,102
67,918
20.76%
157,655
750,240
21.01%
748
3,571
22.37%
10,731
51,373
20.89%
129,846
656,124
19.79%
3,947
39,775
34.50%
356
3,990
40.68%
892,432
1,974,365
45.20%
2,520
24,798
14.49%
17,247
162,892
36.46%
1,290
13,877
40.39%
449,803
2,578,208
17.45%
52
Kotak Group Dynamic Floor Fund
1,153
135,001
3.76%
53
Kotak Pension Floor Fund
14,395
314,812
6.37%
54
Dynamic Floor Fund II
24,033
388,761
21.49%
55
Pension Floor Fund II
3,278
80,873
18.27%
56
Guarantee Fund
2,192
48,947
30.83%
57
Pension Guarantee Fund
3,378
92,684
13.17%
58
Peak Guarantee Fund I
267
18,077
11.71%
3 - Launched on 05/01/2010
48 - Launched on 19/07/2009
24 - Closed on 06/10/2009
4 - Launched on 28/12/2009
49 - Launched on 16/12/2009
37 - Closed on 08/03/2010
9 - Launched on 02/02/2010
50 - Launched on 07/01/2010
39 - Closed on 16/02/2010
14 - Launched on 21/12/2009
52 - Launched on 08/01/2010
42 - Closed on 10/03/2010
15 - Launched on 14/01/2010
53 - Launched on 13/07/2009
20 - Launched on 28/12/2009
54 - Launched on 17/12/2009
32 - Launched on 21/12/2009
55 - Launched on 10/01/2010
33 - Launched on 24/01/2010
56 - Launched on 07/02/2010
45 - Launched on 17/12/2009
57 - Launched on 21/12/2009
46 - Launched on 11/01/2010
58 - Launched on 14/02/2010
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
173
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures
Fundwise Disclosure of Appreciation/(Depreciation) in value of Investment Segregated Classwise as at 31st March, 2010 Investment Type Sr. No.
Fund Name
Corporate Bonds
Equities
Government Guaranteed Bonds
Government Securities
Grand Total
1 2
Kotak Guaranteed Money Market Fund
—
—
—
—
—
Kotak Group Money Market Fund
—
—
—
—
—
3
Money Market Fund
—
—
—
—
—
4
Pension Money Market Fund II
—
—
—
—
—
5
Kotak Dynamic Gilt Fund
(226)
—
17
(1,344)
(1,554)
6
Kotak Guaranteed Gilt Fund
(605)
—
73
(3,139)
(3,671)
7
Kotak Pension Gilt Fund
(218)
—
113
(1,677)
(1,782)
8
Kotak Group Gilt Fund
(102)
—
(29)
(489)
(620)
9
Gilt Fund
(—)
—
—
1
—
10
Kotak Dynamic Bond Fund
1,380
—
(10)
(84)
1,286
11
Kotak Guaranteed Bond Fund
1,437
—
(6)
(354)
1,078
12
Kotak Pension Bond Fund
1,560
—
(10)
(385)
1,165
13
Kotak Group Bond Fund
3,648
—
5
(280)
3,373
14
Bond Fund
87
—
7
8
102
15
Pension Bond Fund II
6
—
—
(1)
5
16
Kotak Dynamic Floating Rate Fund
(196)
—
5
(145)
(336)
17
Kotak Guaranteed Floating Rate Fund
(508)
—
4
(386)
(890)
18
Kotak Pension Floating Rate Fund
(142)
—
(37)
(72)
(251)
19
Kotak Group Floating Rate Fund
(233)
—
5
(167)
(395)
20
Floating Rate Fund
(—)
—
—
(—)
(—)
21
Kotak Group 36M FMP 02/01/2011
423
—
—
—
423
22
Kotak Group 12M FMP 28/03/2009
—
—
—
—
—
23
Kotak Group 36M FMP 12/09/2011
796
—
—
—
796
24
Kotak Group 11M FMP 06/10/2009
—
—
—
—
—
25
Kotak Group 60M FMP 27/11/2013
6,580
—
—
—
6,580
26
Kotak Group 50M FMP 27/02/2013
312
—
—
—
312
27
Kotak Group 59M FMP 08/12/2013
1,022
—
—
—
1,022
28
Kotak Dynamic Balanced Fund
349
23,450
(6)
(252)
23,540
29
Kotak Guaranteed Balanced Fund
5,847
130,479
(181)
(3,328)
132,817
30
Kotak Pension Balanced Fund
3,954
384,863
(616)
(11,127)
377,074
31
Kotak Group Balanced Fund
(267)
83,527
(61)
(964)
82,235
32
Balanced Fund
(1)
56
—
(—)
55
33
Pension Balanced Fund II
34
Kotak Dynamic Growth Fund
35
Kotak Guaranteed Growth Fund
174
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
—
1
—
(—)
1
998
105,920
(55)
(328)
106,535
1,400
1,945,481
(3,655)
(19,363)
1,923,863
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated) 25E. Unit Linked Disclosures – Other Disclosures
Fundwise Disclosure of Appreciation/(Depreciation) in value of Investment Segregated Classwise as at 31st March, 2010 Investment Type Sr. No.
Fund Name
Corporate Bonds
Equities
Government Guaranteed Bonds
Government Securities
Grand Total
36 37
Kotak Pension Growth Fund
18
Kotak Group Growth Fund
—
16,012
4
(548)
15,485
—
—
—
—
38
Kotak Aggressive Growth Fund
39
Kotak Group Agressive Growth Fund
213
609,626
(4)
(75)
609,760
—
—
—
—
—
40
Kotak Advantage Multiplier Fund
197
3,946
—
(173)
3,969
41
Kotak Advantage Plus Fund
42
Kotak Advantage Fund
1,739
38,367
(13)
(1,150)
38,944
—
—
—
—
—
43
Kotak Advantage Multiplier Fund II
44
Kotak Advantage Plus Fund II
91
2,853
(1)
(165)
2,778
59
31,303
—
(27)
31,335
45 46
Frontline Equity Fund
(2)
3,796
—
(2)
3,792
Pension Frontline Equity Fund
(1)
343
—
(1)
342
47
Kotak Opportunities Fund
450
496,753
(38)
(182)
496,983
48
Kotak Pension Opportunities Fund
49
Classic Opportunities Fund
—
1,865
—
(1)
1,864
24
16,166
—
(106)
16,084
50
Pension Classic Opportunities Fund
51
Dynamic Floor Fund
52
Kotak Group Dynamic Floor Fund
(12)
666
2
(45)
611
53
Kotak Pension Floor Fund
(73)
5,780
15
(458)
5,265
54
Dynamic Floor Fund II
379
19,816
—
210
20,405
55
Pension Floor Fund II
56
Guarantee Fund
57 58
1,231
—
(8)
1,223
121,637
(391)
(4,789)
117,699
21
2,573
1
(72)
2,523
(11)
1,255
—
(24)
1,220
Pension Guarantee Fund
79
2,558
—
4
2,641
Peak Guarantee Fund I
11
244
—
(66)
188
31,720
4,050,567
(4,862)
(51,554)
4,025,871
Grand Total
(—) 1,242
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
175
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated)
26. Employee benefits
(a) Gratuity
In accordance with Payment of Gratuity Act, 1972 the Company provides for gratuity, a defined benefit retirement plan covering all employees. The plan provides a lump sum payment to vested employees at retirement or termination of employment based on the respective employee’s salary and the years of employment with the Company subject to maximum of Rs. 3.50 lakhs per employee.
The gratuity benefit is provided through unfunded plan and annual contributions are charged to profit and loss account. Under the scheme, the settlement obligation remains with the Company.
Reconciliation of opening and closing balance of the present value of the defined benefit obligation for gratuity benefits is given below. As of 31st March, 2010
As of 31st March, 2009
Change in Defined benefit obligations as at Present value of Defined benefit obligations, 1st April
52,785
35,212
Service cost
23,765
19,453
Interest cost
5,410
4,381
Liabilities Assumed on Acquisition/(Settled on Divestiture)
2,388
Benefits paid
(2,072)
919 (4,681)
Actuarial (gain)/loss on obligations
(10,271)
(2,499)
Present value of Defined benefit obligations as at 31st March
72,005
52,785
Reconciliation of present value of the obligation and the fair value of the plan assets Opening Fair Value of Plan assets as at 1st April
Nil
Nil
Contributions by the employer for the year
2,072
4,681
Benefits paid
(2,072)
(4,681)
Closing Fair Value of Plan assets
Nil
Nil
Net asset/(liability) as at 31st March
Nil
Nil
23,765
19,453
5,410
4,381
Cost recognised for the period Current service cost Interest cost Expected return on plan assets
Nil
Actuarial (gain)/loss
(10,271)
Net gratuity cost
18,904
Nil (2,499) 21,335
Actuarial assumptions used Discount rate Salary escalation rate
7.18% 0% p.a. for first year, 10.00% p.a for next two years & 6.00% p.a. thereafter.
The estimates of future salary increases, considered in actuarial valuation, take account of inflation, seniority, promotion and other relevant factors such as supply and demand in the employment market.
(b) Superannuation
176
8.01% 15% p.a. for first two year, 10.00% p.a for next two years & 6.00% p.a. thereafter.
The eligible permanent employees of the Company, who have opted for the scheme, are entitled to receive retirement benefits under the superannuation scheme operated by the Company. The contribution for the year amounts to Rs. 3,037 (2009-3,602)
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated)
(c) Provident fund
IIn accordance with Indian regulations, employees of the Company are entitled to receive benefits under the provident fund, a defined contribution plan, in which, both the employee and the Company contribute monthly at a determined rate. These contributions are made to a recognised provident and administered by a Board of Trustees. The employee contributes 12% of his or her basic salary and the Company contributes an equal amount. The investments of the funds are made according to rules prescribed by the Government of India. The Company’s contribution for the year amounts to Rs. 106,741 (2009-111,189)
(d) Accumulated Compensated Absences
The Company accrues the liability for compensated absences based on the actuarial valuation as at the balance sheet conducted by an independent actuary.
27. Details of penal actions taken by various Government Authorities (IRDA Cir No.005/IRDA/F&A/CIR/MAY-09 dtd. May 07, 2009) Authority
Non-compliance/ Violation
Amount Penalty Awarded
Penalty Paid
Penalty Waived/ Reduced
1. Insurance Regulatory and Development Authority
Nil
Nil
Nil
Nil
2. Service Tax Authorities
Nil
Nil
Nil
Nil
3. Income Tax Authorities
Nil
Nil
Nil
Nil
4. Any other Tax Authorities
Nil
Nil
Nil
Nil
5. Enforcement Directorate/Adjudicating Authority/ Tribunal or any Authority under FEMA
Nil
Nil
Nil
Nil
6. Registrar of Companies/NCLT/CLB/Department of Corporate Affairs or any Authority under Companies Act, 1956
Nil
Nil
Nil
Nil
7. Penalty awarded by any Court/Tribunal for any matter including claim settlement but excluding compensation
Nil
Nil
Nil
Nil
8. Securities and Exchange Board of India*
Nil
Nil
Nil
Nil
9. Competition Commission of India
Nil
Nil
Nil
Nil
10. Any other Central/State/Local Government/Statutory Authority
Nil
Nil
Nil
Nil
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
177
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated)
28. Statement showing the Controlled Fund (IRDA Cir No: IRDA/F&I/CIR/F&A/045/03/2010 dtd March 17, 2010) (Rs. in crores) 2009-10
2008-09
536.83
459.60
46.15
39.80
—
—
—
—
1. Computation of Controlled fund as per the Balance Sheet
Policyholders’ Fund (Life Fund)
Participating
Individual Assurance
Individual Pension
Any other (Pl. Specify)
Non-participating
Individual Assurance
Group Assurance
73.11
33.25
Individual Annuity
36.37
37.70
Any other (Pl. Specify)
—
—
Linked*
Individual Assurance
4,355.59
2,446.50
Group Assurance*
—
180.60
Individual Pension
790.26
435.72
Group Superannuation
32.66
—
Group Gratuity
287.82
—
Any other (Pl. Specify)
Funds for Future Appropriations*
Total (A)
Shareholders’ Fund
Paid up Capital
—
—
205.14
108.52
6,363.93
3,741.68
510.29
510.29
52.14
52.14
Reserves & Surpluses
Fair Value Change
Total (B)
Misc. expenses not written off
—
—
Credit/(Debit) from P&L A/c.
(255.12)
(324.34)
(255.12)
(324.34)
—
—
562.43
562.43
Total (C )
Total shareholders’ funds (B+C)
307.31
238.09
Controlled Fund (Total (A+B+C))
6,671.24
3,979.76
3,979.76
3,038.98
2,868.05
2,343.19
2. Reconciliation of the Controlled Fund from Revenue and Profit & Loss Account
178
Opening Balance of Controlled Fund
Add: Inflow
Income
Premium Income
Less: Reinsurance ceded
18.20
35.45
Net Premium
2,849.85
2,307.74
1,061.09
(345.22)
Investment Income
Other Income
Funds transferred from Shareholders’ Accounts
Total Income
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
2.90
2.86
17.70
30.13
3,931.54
1,995.51
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated)
(Rs. in crores) 2009-10
2008-09
(i) Benefits paid (Net)
496.68
243.04
(ii) Interim Bonus Paid
—
—
2,524.14
840.91
(iv) Commission
167.92
225.43
(v) Operating Expenses
573.84
607.72 2.68
Less: Outgo
(iii) Change in Valuation of Liability
(vi) Provision for Taxation
(a) FBT
—
(b) I.T.
—
—
Total Outgo
3,762.58
1,919.79
Surplus of the Policyholders’ Fund
Less: transferred to Shareholders’ Account
168.96
75.72
70.85
20.21
Net Flow in Policyholders’ account
98.11
55.52
Add: Net income in Shareholders’ Fund
69.22
14.34
Net In Flow / Outflow
4,147.10
3,108.83
Add: change in valuation Liabilities
2,524.14
840.91
Add: Increase in Paid up Capital
—
30.02
Closing Balance of Controlled Fund
6,671.24
3,979.76
As Per Balance Sheet
6,671.24
3,979.76
Difference, if any
—
—
570.35
486.21
3. Reconciliation with Shareholders’ and Policyholders’ Fund
3.1
Policyholders’ Funds - Traditional-PAR and NON-PAR
Opening Balance of the Policyholders’ Fund
Add: Surplus of the Revenue Account
1.49
0.10
Add: change in valuation Liabilities
120.62
84.04
Total
692.46
570.35
As per Balance Sheet
692.46
570.35
Difference, if any
—
—
Policyholders’ Funds - Linked 3,171.33
2,359.04
96.63
55.41
3.2
Opening Balance of the Policyholders’ Fund
Add: Surplus of the Revenue Account
Add: change in valuation Liabilities
2,403.51
756.87
Total
5,671.47
3,171.33
5,671.47
3,171.33
—
—
238.09
193.73
As per Balance Sheet
Difference, if any
Shareholders’ Funds
Opening Balance of Shareholders’ Fund
Add: net income of Shareholders’ account (P&L)
Add: Infusion of Capital
Difference, if any
69.22
14.34
—
30.02
Closing Balance of the Shareholders fund
307.31
238.09
As per Balance Sheet
307.31
238.09
—
—
*Refer Schedule 16 - Note 4
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
179
Registration No: 107; Date of Registration: January 10, 2001
Schedules Forming Part of the Financial Statements (Contd.) for the year ended 31st March, 2010 (Currency: In thousands of Indian Rupees unless otherwise stated)
29. Debit balance in the Profit & Loss Account (Shareholder’s Account) The debit balance in Profit and Loss Account (Shareholder’s Account) as on 31.03.2010 of Rs. 2,551,175 (2009: Rs. 3,243,421) comprises of Unabsorbed Depreciation of Rs. 573,089 (2009: Rs. 573,089) and Accumulated losses of Rs. 1,978,086 (2009: Rs. 2,670,332).
As per our report of even date attached
For and on behalf of the Board of Directors
For M. P. Chitale & Co. Chartered Accountants
For S. R. Batliboi & Co. Firm Registration No.:301003E Chartered Accountants
Uday Kotak Chairman
Rafael Galdon Vice-Chairman
Dipak Gupta Director
Murtuza Vajihi Partner
Shrawan Jalan Partner Membership No-102102
G. Murlidhar Chief Operating Officer & Company Secretary
Gaurang Shah Managing Director
Andrew Cartwright Appointed Actuary
Mumbai April 27, 2010
180
K o t a k M a h i n d r a O ld Mu t u al Lif e In su r an ce Lim it ed
Mumbai April 27, 2010
